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   "value": "1<span class=\"_ _1\"/>. <span class=\"_ _11c\"> </span><span class=\"ff5 fs6 ls1ef ws47\">GENE<span class=\"_ _1\"/>RAL INFORMA<span class=\"_ _7\"/>TION</span>FugroN<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.h<span class=\"_ _1\"/>ereinaf<span class=\"_ _1\"/>ter to be refe<span class=\"_ _1\"/>rred to as \u2018<span class=\"_ _1\"/>Fugro\u2019 or \u2018<span class=\"_ _1\"/>the company<span class=\"_ _1\"/>\u2019 has its corp<span class=\"_ _1\"/>orate seat inthe N<span class=\"_ _1\"/>etherlan<span class=\"_ _1\"/>dsThe a<span class=\"_ _1\"/>ddress of the company<span class=\"_ _1\"/>\u2019s principal of<span class=\"_ _1\"/>fice isVeurse Achter<span class=\"_ _1\"/>w<span class=\"_ _1\"/>eg 1<span class=\"_ _1\"/>0,2<span class=\"_ _1\"/>26<span class=\"_ _1\"/>4 SG, L<span class=\"_ _1\"/>eidsche<span class=\"_ _1\"/>ndamTh<span class=\"_ _1\"/>e Nethe<span class=\"_ _1\"/>rlandsT<span class=\"_ _1\"/>he consolidated f<span class=\"_ _1\"/>inancial stateme<span class=\"_ _1\"/>nts of Fugroas at and for th<span class=\"_ _1\"/>e year ended 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cember 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 include Fugr<span class=\"_ _1\"/>o and its subsidiaries (together r<span class=\"_ _1\"/>eferre<span class=\"_ _1\"/>d to as the \u2018Gro<span class=\"_ _1\"/>up\u2019) and t<span class=\"_ _1\"/>he Group\u2019s interest<span class=\"_ _1\"/>s in equit<span class=\"_ _1\"/>y-ac<span class=\"_ _6\"/>counted investees. 2<span class=\"_ _1\"/>. <span class=\"_ _17e\"> </span><span class=\"ff5 fs6 ls1ef ws47\">BASIS OF<span class=\"_ _7\"/> PREP<span class=\"_ _6\"/>ARA<span class=\"_ _6\"/>TION</span>The consolidate<span class=\"_ _1\"/>d financial st<span class=\"_ _1\"/>atement<span class=\"_ _1\"/>s have been pr<span class=\"_ _1\"/>epared in accordance wit<span class=\"_ _1\"/>h Internati<span class=\"_ _1\"/>onal Financial Rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting Standards as ado<span class=\"_ _1\"/>pted by the Euro<span class=\"_ _1\"/>pean Unio<span class=\"_ _1\"/>n (IF<span class=\"_ _1\"/>RS-<span class=\"_ _1\"/>EU) and with P<span class=\"_ _1\"/>ar<span class=\"_ _1\"/>t 9 of Book 2 of t<span class=\"_ _1\"/>he Neth<span class=\"_ _1\"/>erlands Civ<span class=\"_ _1\"/>il Code. On 1<span class=\"_ _1\"/>0 March 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>3<span class=\"_ _1\"/>, the B<span class=\"_ _1\"/>oard of Manag<span class=\"_ _1\"/>ement and Supe<span class=\"_ _1\"/>r<span class=\"_ _1\"/>visor<span class=\"_ _1\"/>y Bo<span class=\"_ _1\"/>ard authorise<span class=\"_ _1\"/>d the financial s<span class=\"_ _1\"/>tatement<span class=\"_ _1\"/>s for issue. The f<span class=\"_ _1\"/>inancial state<span class=\"_ _1\"/>ments will b<span class=\"_ _1\"/>e submitted f<span class=\"_ _1\"/>or adopti<span class=\"_ _1\"/>on to the annual ge<span class=\"_ _1\"/>neral m<span class=\"_ _1\"/>eeting whic<span class=\"_ _1\"/>h takes place on 26 A<span class=\"_ _1\"/>pril 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>3<span class=\"_ _1\"/>.The f<span class=\"_ _1\"/>inancial statem<span class=\"_ _1\"/>ents have be<span class=\"_ _1\"/>en prepar<span class=\"_ _1\"/>ed on the m<span class=\"_ _1\"/>easurement basis of historical cost<span class=\"_ _1\"/>, except for th<span class=\"_ _1\"/>e following asset<span class=\"_ _1\"/>s and liabilities that are s<span class=\"_ _1\"/>tated at the<span class=\"_ _1\"/>ir fair value: d<span class=\"_ _1\"/>eriv<span class=\"_ _1\"/>ative financial inst<span class=\"_ _1\"/>rument<span class=\"_ _1\"/>s, equit<span class=\"_ _1\"/>y se<span class=\"_ _1\"/>curities and plan asset<span class=\"_ _1\"/>s associated w<span class=\"_ _1\"/>ith defin<span class=\"_ _1\"/>ed ben<span class=\"_ _1\"/>efit plans. F<span class=\"_ _1\"/>or more de<span class=\"_ _1\"/>tailed infor<span class=\"_ _1\"/>mation on th<span class=\"_ _1\"/>e measurement basis, refe<span class=\"_ _1\"/>rence is made to the relev<span class=\"_ _1\"/>ant notes to the consolidate<span class=\"_ _1\"/>d financial st<span class=\"_ _1\"/>atements<span class=\"_ _1\"/>.The f<span class=\"_ _1\"/>inancial statem<span class=\"_ _1\"/>ents are pre<span class=\"_ _1\"/>sented in EU<span class=\"_ _1\"/>R x 1,<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>, unless stated ot<span class=\"_ _1\"/>her<span class=\"_ _1\"/>wise. T<span class=\"_ _1\"/>he Euro is the presenta<span class=\"_ _6\"/>tion currency of the c<span class=\"_ _6\"/>ompany<span class=\"_ _7\"/>.2<span class=\"_ _1\"/>.1 <span class=\"_ _17e\"> </span><span class=\"ff2 fs3 ls9e wsa2\">E<span class=\"_ _1\"/>stimates, judgem<span class=\"_ _1\"/>ents and uncer<span class=\"_ _1\"/>tainties</span>The pr<span class=\"_ _1\"/>eparati<span class=\"_ _1\"/>on of the consolidated f<span class=\"_ _1\"/>inancial state<span class=\"_ _1\"/>ments re<span class=\"_ _1\"/>quires manageme<span class=\"_ _1\"/>nt to make judgem<span class=\"_ _1\"/>ents<span class=\"_ _1\"/>, estimates, assumptions and consider uncer<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ainties that aff<span class=\"_ _1\"/>ect t<span class=\"_ _1\"/>he applicati<span class=\"_ _1\"/>on of accounting polici<span class=\"_ _1\"/>es and the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ted amount<span class=\"_ _1\"/>s of assets, liab<span class=\"_ _1\"/>ilities, income an<span class=\"_ _1\"/>d exp<span class=\"_ _1\"/>enses. Ac<span class=\"_ _1\"/>tual results may t<span class=\"_ _1\"/>herefor<span class=\"_ _1\"/>e differ mater<span class=\"_ _1\"/>ially from t<span class=\"_ _1\"/>hese estimates:Es<span class=\"_ _1\"/>timate<span class=\"_ _1\"/>s, ju<span class=\"_ _1\"/>dge<span class=\"_ _1\"/>ment<span class=\"_ _1\"/>s and un<span class=\"_ _1\"/>cer<span class=\"_ _1\"/>tain<span class=\"_ _1\"/>ties wi<span class=\"_ _1\"/>th resp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>t to:<span class=\"_ _a2\"> </span><span class=\"ff2 fs36 ls1da ws1e0\">Note:</span>Impair<span class=\"_ _1\"/>ment of non-fina<span class=\"_ _1\"/>ncial asset<span class=\"_ _1\"/>s (pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equip<span class=\"_ _1\"/>ment<span class=\"_ _1\"/>, right-of-use asset<span class=\"_ _1\"/>s and intang<span class=\"_ _1\"/>ible asset<span class=\"_ _1\"/>s including g<span class=\"_ _1\"/>ood<span class=\"_ _1\"/>will<span class=\"_ _1\"/>)15Impair<span class=\"_ _1\"/>ment of fina<span class=\"_ _1\"/>ncial asset<span class=\"_ _1\"/>s (<span class=\"_ _7\"/>t<span class=\"_ _1\"/>rad<span class=\"_ _1\"/>e receiv<span class=\"_ _1\"/>ables<span class=\"_ _1\"/>, unbilled r<span class=\"_ _1\"/>evenue on (<span class=\"_ _6\"/>comple<span class=\"_ _6\"/>ted) projec<span class=\"_ _1\"/>ts, and other receivables<span class=\"_ _7\"/>)25Deferred<span class=\"_ _6\"/> tax18Accounting f<span class=\"_ _1\"/>or the ref<span class=\"_ _1\"/>inancing5, <span class=\"ls43 ws4b\">27</span> and <span class=\"ls1f0 ws1f4\">30</span>Employe<span class=\"_ _1\"/>e benefit<span class=\"_ _1\"/>s31Provision<span class=\"_ _7\"/>s32Climate-re<span class=\"_ _1\"/>lated mat<span class=\"_ _1\"/>ters6Macro-economic envi<span class=\"_ _6\"/>ronment fol<span class=\"_ _6\"/>lowing geo-political<span class=\"_ _6\"/> events and<span class=\"_ _6\"/> Covid-<span class=\"_ _7\"/>1<span class=\"_ _1\"/>9 pandemic 9, <span class=\"ls1f1 ws1f5\">34</span> and <span class=\"ls43 ws4b\">36</span>3<span class=\"_ _1\"/>. <span class=\"_ _17e\"> </span><span class=\"ff5 fs6 ls1ef ws47\">SIGN<span class=\"_ _1\"/>IFICANT A<span class=\"_ _7\"/>CC<span class=\"_ _7\"/>OU<span class=\"_ _1\"/>NTING<span class=\"_ _7\"/> POLICIES</span>The signif<span class=\"_ _1\"/>icant accounting polic<span class=\"_ _1\"/>ies have been in<span class=\"_ _1\"/>cluded in th<span class=\"_ _1\"/>e relevant no<span class=\"_ _1\"/>tes to the consolidated f<span class=\"_ _1\"/>inancial statem<span class=\"_ _1\"/>ents. Ce<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ain new accounting stan<span class=\"_ _1\"/>dards and interpret<span class=\"_ _1\"/>ations have bee<span class=\"_ _1\"/>n published that are not y<span class=\"_ _1\"/>et effe<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ve for these consolidate<span class=\"_ _1\"/>d financial st<span class=\"_ _1\"/>atements and have not b<span class=\"_ _1\"/>een earl<span class=\"_ _1\"/>y adopted by t<span class=\"_ _1\"/>he Group<span class=\"_ _1\"/>. The impac<span class=\"_ _1\"/>t of these ne<span class=\"_ _1\"/>w standards and interpret<span class=\"_ _1\"/>ations are eith<span class=\"_ _1\"/>er not exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted to be mater<span class=\"_ _1\"/>ial for Fugro o<span class=\"_ _1\"/>r not applicabl<span class=\"_ _1\"/>e to Fugro. Sever<span class=\"_ _1\"/>al amendme<span class=\"_ _1\"/>nts and interpr<span class=\"_ _1\"/>etations appl<span class=\"_ _1\"/>y for the f<span class=\"_ _1\"/>irst time as of 1 Januar<span class=\"_ _0\"/>y 20<span class=\"_ _1\"/>22<span class=\"_ _1\"/>, but these d<span class=\"_ _1\"/>o not have a material impac<span class=\"_ _1\"/>t on the conso<span class=\"_ _1\"/>lidated financial s<span class=\"_ _1\"/>tatement<span class=\"_ _1\"/>s of the Gro<span class=\"_ _1\"/>up.4<span class=\"_ _1\"/>. <span class=\"_ _178\"> </span><span class=\"ff5 fs6 ls1ef ws47\">OTHE<span class=\"_ _1\"/>R<span class=\"_ _7\"/> AC<span class=\"_ _6\"/>C<span class=\"_ _6\"/>OUNTING POLICIES</span>State<span class=\"_ _1\"/>ment o<span class=\"_ _1\"/>f cash f<span class=\"_ _1\"/>lowsThe consolidate<span class=\"_ _1\"/>d stateme<span class=\"_ _1\"/>nt of cash flows is pre<span class=\"_ _1\"/>pared using the indire<span class=\"_ _1\"/>ct m<span class=\"_ _1\"/>ethod<span class=\"_ _1\"/>. Cash f<span class=\"_ _1\"/>lows in fore<span class=\"_ _1\"/>ign currenci<span class=\"_ _1\"/>es are conver<span class=\"_ _1\"/>ted at the exchan<span class=\"_ _1\"/>ge rate at the dates of t<span class=\"_ _1\"/>he transa<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>ns. Currenc<span class=\"_ _1\"/>y exchang<span class=\"_ _1\"/>e diffe<span class=\"_ _1\"/>rences on cash held ar<span class=\"_ _1\"/>e presented sep<span class=\"_ _1\"/>arately. The line ite<span class=\"_ _1\"/>m interest paid includ<span class=\"_ _1\"/>es cash payments f<span class=\"_ _1\"/>or the interest p<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tion of lease liabilit<span class=\"_ _1\"/>ies.Basis of consolidationAccounting for business combinationsBusiness combinations are a<span class=\"_ _1\"/>cc<span class=\"_ _6\"/>ounted for using th<span class=\"_ _1\"/>e acquisition metho<span class=\"_ _1\"/>d as at the acquisition date, whi<span class=\"_ _1\"/>ch is the date on which contro<span class=\"_ _1\"/>l is transferre<span class=\"_ _1\"/>d to the Gr<span class=\"_ _1\"/>oup. In assessing control, t<span class=\"_ _1\"/>he Group t<span class=\"_ _1\"/>akes into c<span class=\"_ _6\"/>onsider<span class=\"_ _1\"/>ation pote<span class=\"_ _1\"/>ntial voting right<span class=\"_ _1\"/>s, if the right<span class=\"_ _1\"/>s are substantive. N<span class=\"_ _1\"/>on-controlling interest<span class=\"_ _1\"/>s in the acquiree ar<span class=\"_ _1\"/>e measured at the prop<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tionate share of the a<span class=\"_ _1\"/>cqui<span class=\"_ _6\"/>ree\u2019s ident<span class=\"_ _1\"/>ifiable net asset<span class=\"_ _1\"/>s.SubsidiariesSubsidiaries are all ent<span class=\"_ _1\"/>ities (including st<span class=\"_ _1\"/>ruc<span class=\"_ _1\"/>tured ent<span class=\"_ _1\"/>ities<span class=\"_ _6\"/>) over which t<span class=\"_ _1\"/>he group has control. T<span class=\"_ _1\"/>he group controls an entit<span class=\"_ _1\"/>y w<span class=\"_ _1\"/>hen the gro<span class=\"_ _1\"/>up is exposed to<span class=\"_ _1\"/>, or has rights to, variab<span class=\"_ _1\"/>le returns fr<span class=\"_ _1\"/>om its involve<span class=\"_ _1\"/>ment with the e<span class=\"_ _1\"/>ntit<span class=\"_ _1\"/>y and has the abilit<span class=\"_ _1\"/>y to aff<span class=\"_ _1\"/>ect t<span class=\"_ _1\"/>hose returns thr<span class=\"_ _1\"/>ough its p<span class=\"_ _1\"/>ower over t<span class=\"_ _1\"/>he entit<span class=\"_ _1\"/>y. Subs<span class=\"_ _6\"/>idiaries ar<span class=\"_ _1\"/>e fully consolidated f<span class=\"_ _1\"/>rom the date on which contro<span class=\"_ _1\"/>l is transferr<span class=\"_ _1\"/>ed to the gro<span class=\"_ _1\"/>up. They are d<span class=\"_ _1\"/>econsolidated f<span class=\"_ _1\"/>rom the date that con<span class=\"_ _6\"/>trol ce<span class=\"_ _6\"/>ases.Any surplus or d<span class=\"_ _1\"/>eficit ar<span class=\"_ _1\"/>isi<span class=\"_ _6\"/>ng on th<span class=\"_ _1\"/>e loss of control is recognise<span class=\"_ _1\"/>d in profit or loss<span class=\"_ _1\"/>. If the Group r<span class=\"_ _1\"/>etains any interest in the prev<span class=\"_ _1\"/>ious subsidiar<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, it is accounted for as an equit<span class=\"_ _1\"/>y-accounted investee or as an e<span class=\"_ _1\"/>quity s<span class=\"_ _1\"/>ecurit<span class=\"_ _1\"/>y dep<span class=\"_ _1\"/>ending on th<span class=\"_ _1\"/>e level of influe<span class=\"_ _1\"/>nce retained<span class=\"_ _1\"/>.T<span class=\"_ _6\"/>ransac<span class=\"_ _1\"/>tions eliminated on consolidationIntr<span class=\"_ _1\"/>a-group balances and tr<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ions, and any unre<span class=\"_ _1\"/>alised income and exp<span class=\"_ _1\"/>enses arising from intr<span class=\"_ _1\"/>a-group tr<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ions, are eliminate<span class=\"_ _1\"/>d in preparing t<span class=\"_ _1\"/>he consolidated f<span class=\"_ _1\"/>inancial statem<span class=\"_ _1\"/>ents. U<span class=\"_ _1\"/>nrealised gains arising from t<span class=\"_ _1\"/>ransac<span class=\"_ _1\"/>tions with e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y-<span class=\"_ _6\"/>accounted investees are eliminated against t<span class=\"_ _1\"/>he investment to the e<span class=\"_ _1\"/>xte<span class=\"_ _1\"/>nt of the Group\u2019s interest in the investe<span class=\"_ _1\"/>e. Unrealised l<span class=\"_ _1\"/>osses are eliminated in the sam<span class=\"_ _1\"/>e way as unrealised gains, b<span class=\"_ _1\"/>ut only to the extent that there i<span class=\"_ _7\"/>s no objec<span class=\"_ _1\"/>tive e<span class=\"_ _6\"/>vidence of<span class=\"_ _6\"/> impai<span class=\"_ _6\"/>rment c<span class=\"_ _6\"/>onditions.Foreign currenc<span class=\"_ _1\"/>yForei<span class=\"_ _1\"/>gn currency transac<span class=\"_ _1\"/>tions and translationT<span class=\"_ _6\"/>ransac<span class=\"_ _1\"/>tions in for<span class=\"_ _1\"/>eign curren<span class=\"_ _1\"/>cies are tr<span class=\"_ _1\"/>ansla<span class=\"_ _6\"/>ted to th<span class=\"_ _1\"/>e respec<span class=\"_ _1\"/>tive f<span class=\"_ _1\"/>uncti<span class=\"_ _1\"/>onal currenci<span class=\"_ _1\"/>es of Group e<span class=\"_ _1\"/>ntities at exchange r<span class=\"_ _1\"/>ates prevailing at t<span class=\"_ _1\"/>he dates of the tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>ons. Mon<span class=\"_ _1\"/>etar<span class=\"_ _1\"/>y assets an<span class=\"_ _1\"/>d liabilities deno<span class=\"_ _1\"/>minated in foreign cur<span class=\"_ _1\"/>rencies at t<span class=\"_ _1\"/>he repo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ing date are tr<span class=\"_ _1\"/>anslated to the respe<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ve func<span class=\"_ _1\"/>tional curre<span class=\"_ _1\"/>ncy at t<span class=\"_ _1\"/>he foreig<span class=\"_ _1\"/>n exchange rate at t<span class=\"_ _1\"/>hat date. Th<span class=\"_ _1\"/>e foreign cur<span class=\"_ _1\"/>renc<span class=\"_ _1\"/>y gain or loss on mon<span class=\"_ _1\"/>etar<span class=\"_ _1\"/>y items is the dif<span class=\"_ _1\"/>feren<span class=\"_ _1\"/>ce bet<span class=\"_ _1\"/>ween amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost in the func<span class=\"_ _1\"/>tional curre<span class=\"_ _1\"/>nc<span class=\"_ _1\"/>y at the be<span class=\"_ _1\"/>ginning of the year, adjusted for eff<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tive interest and pay<span class=\"_ _1\"/>ments dur<span class=\"_ _1\"/>ing the year, and the amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost in foreign curren<span class=\"_ _1\"/>cy tr<span class=\"_ _1\"/>anslated at the exchan<span class=\"_ _1\"/>ge rate at the e<span class=\"_ _1\"/>nd of the year.Non-mo<span class=\"_ _1\"/>netar<span class=\"_ _1\"/>y asset<span class=\"_ _1\"/>s and liabilities that are me<span class=\"_ _1\"/>asu<span class=\"_ _6\"/>red in ter<span class=\"_ _1\"/>ms of historical cost in a forei<span class=\"_ _1\"/>gn currenc<span class=\"_ _1\"/>y are tr<span class=\"_ _1\"/>anslated using the exchange r<span class=\"_ _1\"/>ate at the date of the t<span class=\"_ _1\"/>ransac<span class=\"_ _1\"/>tion. Non-mo<span class=\"_ _1\"/>netar<span class=\"_ _1\"/>y asset<span class=\"_ _1\"/>s and liabilities den<span class=\"_ _1\"/>ominated in forei<span class=\"_ _1\"/>gn currenci<span class=\"_ _1\"/>es that are measured at fair valu<span class=\"_ _1\"/>e are translated to t<span class=\"_ _1\"/>he func<span class=\"_ _1\"/>tional curr<span class=\"_ _1\"/>enc<span class=\"_ _1\"/>y at foreign exchan<span class=\"_ _1\"/>ge rates ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive at the date th<span class=\"_ _1\"/>e fair value w<span class=\"_ _1\"/>as determine<span class=\"_ _1\"/>d. Fo<span class=\"_ _1\"/>reign curren<span class=\"_ _1\"/>cy dif<span class=\"_ _1\"/>feren<span class=\"_ _1\"/>ces arising on retr<span class=\"_ _1\"/>anslation are reco<span class=\"_ _1\"/>gnised in profit o<span class=\"_ _1\"/>r loss, except for dif<span class=\"_ _1\"/>feren<span class=\"_ _1\"/>ces arising on the retr<span class=\"_ _1\"/>anslation of equit<span class=\"_ _1\"/>y-acc<span class=\"_ _6\"/>ounted investe<span class=\"_ _1\"/>es, a financ<span class=\"_ _1\"/>ial liability d<span class=\"_ _1\"/>esignated as a hedg<span class=\"_ _1\"/>e of the net invest<span class=\"_ _1\"/>ment in a foreig<span class=\"_ _1\"/>n oper<span class=\"_ _1\"/>ation (see bel<span class=\"_ _1\"/>ow) that is effec<span class=\"_ _1\"/>tive<span class=\"_ _1\"/>, or qualif<span class=\"_ _1\"/>ying cash fl<span class=\"_ _1\"/>ow hedg<span class=\"_ _1\"/>es (insofar applic<span class=\"_ _1\"/>able), which are recognise<span class=\"_ _1\"/>d in other compre<span class=\"_ _1\"/>hensive income and accumulated in the f<span class=\"_ _1\"/>oreign curr<span class=\"_ _1\"/>enc<span class=\"_ _1\"/>y translation r<span class=\"_ _1\"/>eser<span class=\"_ _1\"/>ve.Foreign operationsThe asset<span class=\"_ _1\"/>s and liabilities of for<span class=\"_ _1\"/>eign ope<span class=\"_ _1\"/>rations<span class=\"_ _1\"/>, including go<span class=\"_ _1\"/>odwill and f<span class=\"_ _1\"/>air value adjustment<span class=\"_ _1\"/>s arising on acquisition, ar<span class=\"_ _1\"/>e translated to EU<span class=\"_ _1\"/>R at forei<span class=\"_ _1\"/>gn exchange rates eff<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tive at the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date. T<span class=\"_ _1\"/>he income and exp<span class=\"_ _1\"/>enses of forei<span class=\"_ _1\"/>gn oper<span class=\"_ _1\"/>ations are translated to E<span class=\"_ _1\"/>UR at exchang<span class=\"_ _1\"/>e rates ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive at the dates of th<span class=\"_ _1\"/>e transac<span class=\"_ _1\"/>tions<span class=\"_ _1\"/>. Foreign currency differences are<span class=\"_ _6\"/> recogni<span class=\"_ _6\"/>sed in other c<span class=\"_ _7\"/>omprehensive i<span class=\"_ _6\"/>ncome and<span class=\"_ _6\"/> present<span class=\"_ _6\"/>ed in the foreign<span class=\"_ _6\"/> currency translation<span class=\"_ _6\"/> reserve for foreign operations (<span class=\"_ _7\"/>tr<span class=\"_ _1\"/>an<span class=\"_ _6\"/>sla<span class=\"_ _6\"/>tion reser<span class=\"_ _1\"/>ve) in equit<span class=\"_ _1\"/>y. However, if the ope<span class=\"_ _1\"/>ration is a no<span class=\"_ _1\"/>n-wholly own<span class=\"_ _1\"/>ed subsidiar<span class=\"_ _1\"/>y, then the relev<span class=\"_ _1\"/>ant propo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ionate share of the tr<span class=\"_ _1\"/>anslation diff<span class=\"_ _1\"/>erence is allocate<span class=\"_ _1\"/>d to the non-contro<span class=\"_ _1\"/>lling interests<span class=\"_ _1\"/>. When a f<span class=\"_ _1\"/>oreign op<span class=\"_ _1\"/>erati<span class=\"_ _1\"/>on is dis<span class=\"_ _6\"/>pose<span class=\"_ _1\"/>d of, s<span class=\"_ _6\"/>uch that control<span class=\"_ _1\"/>, signific<span class=\"_ _1\"/>ant in<span class=\"_ _6\"/>flu<span class=\"_ _1\"/>ence or joint control is lost<span class=\"_ _1\"/>, the cumulati<span class=\"_ _1\"/>ve amount in the tr<span class=\"_ _1\"/>anslation reser<span class=\"_ _1\"/>ve re<span class=\"_ _1\"/>lated to that fore<span class=\"_ _1\"/>ign oper<span class=\"_ _1\"/>ation is rec<span class=\"_ _1\"/>lassi<span class=\"_ _6\"/>fie<span class=\"_ _1\"/>d to profit o<span class=\"_ _1\"/>r loss as par<span class=\"_ _1\"/>t of the gain or loss on disposal<span class=\"_ _1\"/>.If the settlement of a<span class=\"_ _6\"/> monetar<span class=\"_ _1\"/>y item, rec<span class=\"_ _6\"/>eivable from or payable<span class=\"_ _6\"/> to a foreig<span class=\"_ _6\"/>n operation, is neithe<span class=\"_ _1\"/>r planned no<span class=\"_ _1\"/>r likely in the for<span class=\"_ _1\"/>eseeable f<span class=\"_ _1\"/>uture, fo<span class=\"_ _1\"/>reign exchange g<span class=\"_ _1\"/>ains and losses arising from such m<span class=\"_ _1\"/>onetar<span class=\"_ _1\"/>y ite<span class=\"_ _1\"/>ms are considered to for<span class=\"_ _1\"/>m par<span class=\"_ _1\"/>t of a net investment in a foreign operation and a<span class=\"_ _6\"/>re recogni<span class=\"_ _6\"/>sed in other<span class=\"_ _6\"/> comprehen<span class=\"_ _6\"/>sive i<span class=\"_ _7\"/>ncome and are pre<span class=\"_ _6\"/>sented in the tr<span class=\"_ _1\"/>anslation reser<span class=\"_ _1\"/>ve in e<span class=\"_ _1\"/>quity.Der<span class=\"_ _1\"/>ivative financial instrument<span class=\"_ _1\"/>s and hedge accountingWh<span class=\"_ _1\"/>en a deriv<span class=\"_ _1\"/>ative f<span class=\"_ _1\"/>inancial instrument is not de<span class=\"_ _1\"/>signated in a hedg<span class=\"_ _1\"/>e relationship that qualifies fo<span class=\"_ _1\"/>r hedg<span class=\"_ _1\"/>e accounting, all changes in it<span class=\"_ _1\"/>s fair valu<span class=\"_ _1\"/>e are recognise<span class=\"_ _1\"/>d immediately in profit o<span class=\"_ _1\"/>r loss. Th<span class=\"_ _1\"/>e Group do<span class=\"_ _1\"/>es not engag<span class=\"_ _1\"/>e in material hedg<span class=\"_ _1\"/>ing transac<span class=\"_ _1\"/>tions wit<span class=\"_ _1\"/>h deri<span class=\"_ _1\"/>vatives<span class=\"_ _1\"/>. Accordingly, consi<span class=\"_ _6\"/>stent with pr<span class=\"_ _1\"/>ior year, there are no qualif<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing fair value h<span class=\"_ _1\"/>edge or cash fl<span class=\"_ _1\"/>ow hedg<span class=\"_ _1\"/>e relationships as of 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. The G<span class=\"_ _1\"/>roup does not have separ<span class=\"_ _1\"/>ately accounted emb<span class=\"_ _1\"/>edde<span class=\"_ _1\"/>d deriv<span class=\"_ _1\"/>ative financial liab<span class=\"_ _1\"/>ilities. T<span class=\"_ _1\"/>he Group do<span class=\"_ _1\"/>es not have deri<span class=\"_ _1\"/>vatives emb<span class=\"_ _1\"/>edde<span class=\"_ _1\"/>d within a hybr<span class=\"_ _1\"/>id contrac<span class=\"_ _1\"/>t containing a finan<span class=\"_ _1\"/>cial asset host. 5<span class=\"_ _1\"/>. <span class=\"_ _b\"> </span><span class=\"ff5 fs6 ls1f3 ws1f7\">REF<span class=\"_ _1\"/>INANCIN<span class=\"_ _1\"/>G<span class=\"_ _7\"/> 2<span class=\"_ _1\"/>022</span>On 26 J<span class=\"_ _1\"/>uly 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, Fu<span class=\"_ _1\"/>gro completed a EU<span class=\"_ _1\"/>R 11<span class=\"_ _1\"/>6<span class=\"_ _1\"/>.1 million equit<span class=\"_ _1\"/>y raise t<span class=\"_ _1\"/>hrough an acceler<span class=\"_ _1\"/>ated bo<span class=\"_ _1\"/>okbuild of<span class=\"_ _1\"/>fering<span class=\"_ _1\"/>. The of<span class=\"_ _1\"/>fering w<span class=\"_ _1\"/>as su<span class=\"_ _6\"/>ppo<span class=\"_ _1\"/>rte<span class=\"_ _1\"/>d by a number of pre<span class=\"_ _1\"/>-commit<span class=\"_ _1\"/>ted investors<span class=\"_ _1\"/>, who agre<span class=\"_ _1\"/>ed to subscrib<span class=\"_ _1\"/>e for over 5<span class=\"_ _1\"/>0% of th<span class=\"_ _1\"/>e deal size. T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ion costs on th<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y issue amounted to EU<span class=\"_ _1\"/>R 2.<span class=\"_ _1\"/>3 millio<span class=\"_ _1\"/>n. On 2<span class=\"_ _1\"/>5 July 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, the company simultane<span class=\"_ _1\"/>ously announced a comp<span class=\"_ _1\"/>rehensive sustainabilit<span class=\"_ _1\"/>y-linked refinan<span class=\"_ _1\"/>cing of its bank de<span class=\"_ _1\"/>bt as summarised b<span class=\"_ _1\"/>elow. This ref<span class=\"_ _1\"/>inancing consisted of a full set<span class=\"_ _1\"/>tleme<span class=\"_ _1\"/>nt of existing debt<span class=\"_ _1\"/>, cancellatio<span class=\"_ _1\"/>n of commitments an<span class=\"_ _1\"/>d termination of th<span class=\"_ _1\"/>e existing Faciliti<span class=\"_ _1\"/>es Agre<span class=\"_ _1\"/>ement.On 2<span class=\"_ _1\"/>8 July 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, up<span class=\"_ _1\"/>on set<span class=\"_ _1\"/>tlement of th<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y raise, t<span class=\"_ _1\"/>he company simultane<span class=\"_ _1\"/>ously repurchase<span class=\"_ _1\"/>d EUR 9 million (on a nominal basis<span class=\"_ _6\"/>) of its subo<span class=\"_ _1\"/>rdinated conver<span class=\"_ _1\"/>tible bo<span class=\"_ _1\"/>nds due 2 Novemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>24 at par using proce<span class=\"_ _1\"/>eds from th<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y raise. A<span class=\"_ _1\"/>n amount of EU<span class=\"_ _1\"/>R 91 mill<span class=\"_ _6\"/>ion (principal on a<span class=\"_ _6\"/> nomina<span class=\"_ _6\"/>l bas<span class=\"_ _6\"/>is<span class=\"_ _7\"/>) remained outstandi<span class=\"_ _6\"/>ng of the<span class=\"_ _6\"/> conv<span class=\"_ _6\"/>er<span class=\"_ _1\"/>tible<span class=\"_ _6\"/> bonds due 20<span class=\"_ _1\"/>24. I<span class=\"_ _1\"/>n August 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2, F<span class=\"_ _1\"/>ugro fully re<span class=\"_ _1\"/>paid the ex<span class=\"_ _1\"/>isting senior revo<span class=\"_ _1\"/>lving cre<span class=\"_ _1\"/>dit facilit<span class=\"_ _1\"/>y in t<span class=\"_ _1\"/>wo tran<span class=\"_ _1\"/>ches for a tot<span class=\"_ _1\"/>al amount of EUR 7<span class=\"_ _1\"/>5 million (nominal amount). On 5 A<span class=\"_ _1\"/>ugust 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, the ex<span class=\"_ _1\"/>isting EUR 2<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0 million seni<span class=\"_ _1\"/>or revolv<span class=\"_ _1\"/>ing credit f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y (<span class=\"_ _7\"/>e<span class=\"_ _1\"/>xisting RCF, including ancillar<span class=\"_ _1\"/>y facilit<span class=\"_ _1\"/>y of EU<span class=\"_ _1\"/>R 5<span class=\"_ _1\"/>0 million) and EUR 1<span class=\"_ _1\"/>88 millio<span class=\"_ _1\"/>n (<span class=\"_ _6\"/>nominal amount) se<span class=\"_ _1\"/>nior term ex<span class=\"_ _1\"/>piring on 14 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>3 we<span class=\"_ _1\"/>re cancelled an<span class=\"_ _1\"/>d replaced by a n<span class=\"_ _1\"/>ew EUR 2<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 million seni<span class=\"_ _1\"/>or term loan and a new E<span class=\"_ _1\"/>UR 20<span class=\"_ _0\"/>0 million senior R<span class=\"_ _1\"/>CF<span class=\"_ _7\"/>, to<span class=\"_ _1\"/>gethe<span class=\"_ _1\"/>r called th<span class=\"_ _1\"/>e Senior Facilit<span class=\"_ _1\"/>y A<span class=\"_ _1\"/>greeme<span class=\"_ _1\"/>nt (SFA). On 5 A<span class=\"_ _1\"/>ugust 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, th<span class=\"_ _1\"/>e transac<span class=\"_ _1\"/>tion cl<span class=\"_ _1\"/>osed and th<span class=\"_ _1\"/>e SFA becam<span class=\"_ _1\"/>e effe<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ve. On 5 Au<span class=\"_ _1\"/>gust 20<span class=\"_ _1\"/>22<span class=\"_ _1\"/>, Fugro issued t<span class=\"_ _1\"/>he new ter<span class=\"_ _1\"/>m loan (E<span class=\"_ _1\"/>UR 20<span class=\"_ _0\"/>0 million) and fully set<span class=\"_ _1\"/>tled th<span class=\"_ _1\"/>e existing te<span class=\"_ _1\"/>rm loan of EU<span class=\"_ _1\"/>R 18<span class=\"_ _1\"/>8 million pr<span class=\"_ _1\"/>incipal and EU<span class=\"_ _1\"/>R 1.<span class=\"_ _1\"/>7 million of accrue<span class=\"_ _1\"/>d interest. The n<span class=\"_ _1\"/>et procee<span class=\"_ _1\"/>ds amounted to EU<span class=\"_ _1\"/>R 1<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>0 million (net of transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s<span class=\"_ _7\"/>). O<span class=\"_ _1\"/>n 5 August 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, th<span class=\"_ _1\"/>e existing ancillar<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y outst<span class=\"_ _1\"/>anding amount of EU<span class=\"_ _1\"/>R 18<span class=\"_ _1\"/>.<span class=\"_ _1\"/>7 million was repai<span class=\"_ _1\"/>d using procee<span class=\"_ _1\"/>ds from the e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y raise. Transac<span class=\"_ _1\"/>tion costs f<span class=\"_ _1\"/>or the new te<span class=\"_ _1\"/>rm loan amo<span class=\"_ _1\"/>unted to EU<span class=\"_ _1\"/>R 3.<span class=\"_ _1\"/>7 million. Transac<span class=\"_ _1\"/>tion costs f<span class=\"_ _1\"/>or the ne<span class=\"_ _1\"/>w RCF amounted to E<span class=\"_ _1\"/>UR 3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million. O<span class=\"_ _1\"/>ther professional se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vices fees (<span class=\"_ _1\"/>EUR 2<span class=\"_ _1\"/>.1 million) that did not qualif<span class=\"_ _1\"/>y as transa<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>n costs were recognise<span class=\"_ _1\"/>d in profit and l<span class=\"_ _1\"/>oss and presented in ot<span class=\"_ _1\"/>her exp<span class=\"_ _1\"/>enses.On 2 N<span class=\"_ _1\"/>ovember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, EUR 4<span class=\"_ _1\"/>8<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million of the re<span class=\"_ _1\"/>maining conver<span class=\"_ _1\"/>tible bon<span class=\"_ _1\"/>d was repaid at par value, followi<span class=\"_ _6\"/>ng the exerc<span class=\"_ _6\"/>ise o<span class=\"_ _6\"/>f bond holder\u2019s early redemption<span class=\"_ _6\"/> put option<span class=\"_ _6\"/>s. The set<span class=\"_ _1\"/>tle<span class=\"_ _1\"/>ment gain was EU<span class=\"_ _1\"/>R 1 million.The ref<span class=\"_ _1\"/>inancing qualifi<span class=\"_ _1\"/>es as an ext<span class=\"_ _1\"/>inguishment of debt. T<span class=\"_ _1\"/>he unit of account per<span class=\"_ _1\"/>taine<span class=\"_ _1\"/>d to the ex<span class=\"_ _1\"/>isting term loan<span class=\"_ _1\"/>, ancillar<span class=\"_ _1\"/>y fa<span class=\"_ _1\"/>cility, RCF an<span class=\"_ _1\"/>d the conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds. T<span class=\"_ _1\"/>he existing RC<span class=\"_ _1\"/>F<span class=\"_ _7\"/>, term lo<span class=\"_ _1\"/>an, and ancillar<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y were th<span class=\"_ _1\"/>erefore f<span class=\"_ _1\"/>ully dereco<span class=\"_ _1\"/>gnised. Th<span class=\"_ _1\"/>e existing conver<span class=\"_ _1\"/>tible bon<span class=\"_ _1\"/>ds were par<span class=\"_ _1\"/>tially rep<span class=\"_ _1\"/>aid. The unam<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tised tr<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ion costs (<span class=\"_ _1\"/>EUR 4<span class=\"_ _1\"/>.1 million) were recognise<span class=\"_ _1\"/>d in profit and l<span class=\"_ _1\"/>oss (in finance exp<span class=\"_ _1\"/>enses<span class=\"_ _7\"/>). T<span class=\"_ _1\"/>he repay<span class=\"_ _1\"/>ment considerati<span class=\"_ _1\"/>on with respe<span class=\"_ _1\"/>ct to the conve<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ible bonds w<span class=\"_ _1\"/>as allocated to t<span class=\"_ _1\"/>he debt and e<span class=\"_ _1\"/>quity comp<span class=\"_ _1\"/>onent upo<span class=\"_ _1\"/>n repurcha<span class=\"_ _7\"/>se<span class=\"_ _1\"/>/redemp<span class=\"_ _6\"/>tion. The new senior RCF and<span class=\"_ _6\"/> senior term loa<span class=\"_ _6\"/>n were recogni<span class=\"_ _7\"/>sed initially at fa<span class=\"_ _1\"/>ir value, i.<span class=\"_ _1\"/>e., th<span class=\"_ _1\"/>e consideratio<span class=\"_ _1\"/>n received<span class=\"_ _1\"/>. Subsequent accounting is at amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost in acc<span class=\"_ _7\"/>o<span class=\"_ _1\"/>rdance with the ef<span class=\"_ _1\"/>fe<span class=\"_ _1\"/>ctive inter<span class=\"_ _1\"/>est rate meth<span class=\"_ _1\"/>od. Th<span class=\"_ _1\"/>e repayme<span class=\"_ _1\"/>nt con<span class=\"_ _6\"/>sideration of<span class=\"_ _6\"/> the existin<span class=\"_ _6\"/>g RCF<span class=\"_ _7\"/>, term loan, ancill<span class=\"_ _6\"/>ar<span class=\"_ _1\"/>y facil<span class=\"_ _6\"/>ity and convertible bonds were presente<span class=\"_ _1\"/>d in the statem<span class=\"_ _1\"/>ent of cash flows un<span class=\"_ _1\"/>der financ<span class=\"_ _1\"/>ing acti<span class=\"_ _1\"/>vities<span class=\"_ _1\"/>. T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ion costs paid were pr<span class=\"_ _1\"/>esented in the st<span class=\"_ _1\"/>atement of cash fl<span class=\"_ _1\"/>ows under f<span class=\"_ _1\"/>inancing ac<span class=\"_ _1\"/>tiviti<span class=\"_ _1\"/>es. Refe<span class=\"_ _1\"/>rence is fur<span class=\"_ _1\"/>the<span class=\"_ _1\"/>r made to note finan<span class=\"_ _1\"/>cial liabilities for mo<span class=\"_ _1\"/>re details.The n<span class=\"_ _1\"/>et procee<span class=\"_ _1\"/>ds of the equit<span class=\"_ _1\"/>y raise of E<span class=\"_ _1\"/>UR 11<span class=\"_ _1\"/>4.<span class=\"_ _1\"/>4 million were re<span class=\"_ _1\"/>cognised in equit<span class=\"_ _1\"/>y in th<span class=\"_ _1\"/>e statem<span class=\"_ _1\"/>ent of financial posit<span class=\"_ _1\"/>ion (net of transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) and p<span class=\"_ _1\"/>resented in the s<span class=\"_ _1\"/>tatement of cash flo<span class=\"_ _1\"/>ws under f<span class=\"_ _1\"/>inancing ac<span class=\"_ _1\"/>tiviti<span class=\"_ _1\"/>es. Refer<span class=\"_ _1\"/>ence is made to note total e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y for fur<span class=\"_ _1\"/>the<span class=\"_ _1\"/>r det<span class=\"_ _1\"/>ails<span class=\"_ _1\"/>.6<span class=\"_ _1\"/>. <span class=\"_ _17e\"> </span><span class=\"ff5 fs6 ls1ef ws1f9\">CLIMA<span class=\"_ _7\"/>TE<span class=\"_ _16\"> </span><span class=\"ls37 ws1fa\">RELA<span class=\"_ _7\"/>TED<span class=\"_ _7\"/> MA<span class=\"_ _7\"/>TTERS</span></span>The impa<span class=\"_ _1\"/>ct of climate-relate<span class=\"_ _1\"/>d matter<span class=\"_ _1\"/>s gener<span class=\"_ _1\"/>ates oppo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tunities as well as risks f<span class=\"_ _1\"/>or Fugro. Climate-related o<span class=\"_ _1\"/>ppor<span class=\"_ _1\"/>tuniti<span class=\"_ _1\"/>es, risks an<span class=\"_ _1\"/>d uncer<span class=\"_ _1\"/>tainties and th<span class=\"_ _1\"/>e business impact w<span class=\"_ _1\"/>ere disclosed in th<span class=\"_ _1\"/>e first half of t<span class=\"_ _1\"/>he annual repo<span class=\"_ _1\"/>rt (sec<span class=\"_ _1\"/>tions CE<span class=\"_ _1\"/>O message<span class=\"_ _1\"/>, strate<span class=\"_ _1\"/>gy, risk m<span class=\"_ _6\"/>anagement<span class=\"_ _6\"/> and grou<span class=\"_ _6\"/>p perfor<span class=\"_ _1\"/>manc<span class=\"_ _7\"/>e - environmental).Fugro conclu<span class=\"_ _1\"/>ded the<span class=\"_ _1\"/>re was no direc<span class=\"_ _1\"/>t material f<span class=\"_ _1\"/>inancial impac<span class=\"_ _1\"/>t from climate-relate<span class=\"_ _1\"/>d matte<span class=\"_ _1\"/>rs in the 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 consolidated f<span class=\"_ _1\"/>inancial statem<span class=\"_ _1\"/>ents<span class=\"_ _1\"/>. The assessments p<span class=\"_ _1\"/>er<span class=\"_ _1\"/>forme<span class=\"_ _1\"/>d, judgem<span class=\"_ _1\"/>ents made<span class=\"_ _1\"/>, and time ho<span class=\"_ _1\"/>rizon used to reach t<span class=\"_ _1\"/>his c<span class=\"_ _6\"/>onclusion are discl<span class=\"_ _1\"/>osed in notes 15<span class=\"fc2 ls1b ws24\"> impairment<span class=\"_ _1\"/>s, </span><span class=\"ls13 ws1fb\">19<span class=\"fc2 ls2 ws2\"> prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y plant and equipme<span class=\"_ _1\"/>nt, </span><span class=\"ls164 ws157\">20<span class=\"fc2 ls17b ws1f8\"> leas<span class=\"_ _1\"/>es, </span><span class=\"ls1f4 ws1fc\">21<span class=\"fc2 ls1b ws24\"> intan<span class=\"_ _1\"/>gible asset<span class=\"_ _1\"/>s, </span></span></span></span>30<span class=\"_ _7\"/><span class=\"fc2 ls2 ws2\"> f<span class=\"_ _1\"/>inancial liabilities<span class=\"_ _1\"/>, and <span class=\"fc14\">3<span class=\"_ _1\"/>6</span> commitment<span class=\"_ _1\"/>s not include<span class=\"_ _1\"/>d in the statem<span class=\"_ _1\"/>ent of financial </span>position.7.<span class=\"_ _1\"/> <span class=\"_ _5a\"> </span><span class=\"ff5 fs6 ls1ef ws47\">SEG<span class=\"_ _1\"/>MENT REPORTING</span>Fugro has four inte<span class=\"_ _1\"/>grated re<span class=\"_ _1\"/>gions: Europ<span class=\"_ _1\"/>e-Afr<span class=\"_ _1\"/>ica (E-A<span class=\"_ _1\"/>), Ame<span class=\"_ _1\"/>ricas (A<span class=\"_ _1\"/>M), A<span class=\"_ _1\"/>sia Pa<span class=\"_ _1\"/>cific (<span class=\"_ _1\"/>APAC) and Middl<span class=\"_ _1\"/>e East &amp; India (M<span class=\"_ _1\"/>EI<span class=\"_ _1\"/>). The organisati<span class=\"_ _1\"/>onal and rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting stru<span class=\"_ _1\"/>cture consists of these fo<span class=\"_ _1\"/>ur regions<span class=\"_ _1\"/>. Within th<span class=\"_ _1\"/>e regions<span class=\"_ _1\"/>, the foll<span class=\"_ _1\"/>owing business line str<span class=\"_ _1\"/>uctur<span class=\"_ _1\"/>e exists: Mar<span class=\"_ _1\"/>ine Site Char<span class=\"_ _1\"/>acter<span class=\"_ _1\"/>isation (M<span class=\"_ _1\"/>SC<span class=\"_ _1\"/>), Marine A<span class=\"_ _1\"/>sset Integr<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y (M<span class=\"_ _1\"/>AI)<span class=\"_ _1\"/>, Land S<span class=\"_ _1\"/>ite Charac<span class=\"_ _1\"/>terisati<span class=\"_ _1\"/>on (L<span class=\"_ _1\"/>SC<span class=\"_ _1\"/>) and L<span class=\"_ _1\"/>and A<span class=\"_ _1\"/>sset Integr<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y (L<span class=\"_ _1\"/>A<span class=\"_ _1\"/>I). T<span class=\"_ _1\"/>he ope<span class=\"_ _1\"/>rating results of t<span class=\"_ _1\"/>he four regi<span class=\"_ _1\"/>ons are direc<span class=\"_ _1\"/>tly repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ted to and revi<span class=\"_ _1\"/>ewed by t<span class=\"_ _1\"/>he Board of M<span class=\"_ _1\"/>anagement<span class=\"_ _1\"/>, being t<span class=\"_ _1\"/>he Chief O<span class=\"_ _1\"/>perat<span class=\"_ _1\"/>ing Decision Maker<span class=\"_ _7\"/>. Segm<span class=\"_ _1\"/>ent results, asset<span class=\"_ _1\"/>s and liabilities inclu<span class=\"_ _1\"/>de items direc<span class=\"_ _1\"/>tly at<span class=\"_ _1\"/>tribut<span class=\"_ _1\"/>able to a segme<span class=\"_ _1\"/>nt as well as those t<span class=\"_ _1\"/>hat can be alloc<span class=\"_ _1\"/>ated on a reasonab<span class=\"_ _1\"/>le basis. Segm<span class=\"_ _1\"/>ent assets are allo<span class=\"_ _1\"/>cated based on t<span class=\"_ _1\"/>he geo<span class=\"_ _1\"/>graphic<span class=\"_ _1\"/>al locati<span class=\"_ _1\"/>on of the op<span class=\"_ _1\"/>erating company using th<span class=\"_ _1\"/>e assets (\u2018region of origin\u2019<span class=\"_ _1\"/>). Fugro all<span class=\"_ _1\"/>ocates corp<span class=\"_ _1\"/>orate exp<span class=\"_ _1\"/>enses, f<span class=\"_ _1\"/>inance income (expenses<span class=\"_ _6\"/>) and assets (<span class=\"_ _1\"/>liabilities<span class=\"_ _6\"/>) that relate to mor<span class=\"_ _1\"/>e than one op<span class=\"_ _1\"/>erating se<span class=\"_ _1\"/>gment to the re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>tabl<span class=\"_ _1\"/>e segment based on n<span class=\"_ _1\"/>et revenue. I<span class=\"_ _1\"/>nter<span class=\"_ _6\"/>-segment pr<span class=\"_ _1\"/>icing is determine<span class=\"_ _1\"/>d on an arm\u2019s length b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s. The E-A<span class=\"_ _0\"/>, AM<span class=\"_ _1\"/>, A<span class=\"_ _1\"/>P<span class=\"_ _6\"/>AC<span class=\"_ _1\"/>, ME<span class=\"_ _1\"/>I oper<span class=\"_ _1\"/>ating segm<span class=\"_ _1\"/>ents gen<span class=\"_ _1\"/>erate revenu<span class=\"_ _1\"/>es from: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Marin<span class=\"_ _1\"/>e environment<span class=\"_ _1\"/>: The dete<span class=\"_ _1\"/>rmination of soil comp<span class=\"_ _1\"/>osition via cone p<span class=\"_ _1\"/>enetr<span class=\"_ _1\"/>ation testing or t<span class=\"_ _1\"/>he acquisition of soil samples an<span class=\"_ _1\"/>d related labo<span class=\"_ _1\"/>rator<span class=\"_ _1\"/>y test<span class=\"_ _1\"/>ing; and the mapping of seab<span class=\"_ _1\"/>ed and ge<span class=\"_ _1\"/>ologi<span class=\"_ _1\"/>cal features and hazards b<span class=\"_ _1\"/>elow using non-invasive techniqu<span class=\"_ _1\"/>es including the re<span class=\"_ _1\"/>lated interpret<span class=\"_ _1\"/>ation and visualisation<span class=\"_ _1\"/>. Its se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vices also include g<span class=\"_ _1\"/>eo consulting, gen<span class=\"_ _1\"/>eral pur<span class=\"_ _1\"/>pose navigati<span class=\"_ _1\"/>on char<span class=\"_ _1\"/>ts and env<span class=\"_ _1\"/>ironmental<span class=\"_ _1\"/>, meteorological &amp; oce<span class=\"_ _6\"/>anographic meas<span class=\"_ _7\"/>urement ser<span class=\"_ _1\"/>vice<span class=\"_ _6\"/>s. In addition, the activities con<span class=\"_ _6\"/>sist<span class=\"_ _6\"/> of pos<span class=\"_ _6\"/>itioning s<span class=\"_ _7\"/>ignals and<span class=\"_ _6\"/> ser<span class=\"_ _1\"/>vices, c<span class=\"_ _7\"/>onstruc<span class=\"_ _1\"/>tion su<span class=\"_ _6\"/>ppor<span class=\"_ _1\"/>t, monitoring a<span class=\"_ _6\"/>nd forecasting services, remote system<span class=\"_ _7\"/>s technology, and i<span class=\"_ _6\"/>nspection, repair and maintenance ser<span class=\"_ _1\"/>vices (<span class=\"_ _1\"/>IR<span class=\"_ _1\"/>M). <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>L<span class=\"_ _1\"/>and environme<span class=\"_ _1\"/>nt: The d<span class=\"_ _1\"/>etermination of s<span class=\"_ _1\"/>oil charac<span class=\"_ _1\"/>teristi<span class=\"_ _1\"/>cs via cone p<span class=\"_ _1\"/>enetr<span class=\"_ _1\"/>ation testing and<span class=\"_ _1\"/>/or the acquisition of soil samples an<span class=\"_ _1\"/>d related lab<span class=\"_ _1\"/>orator<span class=\"_ _1\"/>y test<span class=\"_ _1\"/>ing. Thes<span class=\"_ _1\"/>e ser<span class=\"_ _1\"/>vices<span class=\"_ _6\"/> are offered both ons<span class=\"_ _6\"/>hore and i<span class=\"_ _6\"/>n near s<span class=\"_ _6\"/>hore envir<span class=\"_ _6\"/>onments. In addition, the ac<span class=\"_ _1\"/>tivi<span class=\"_ _1\"/>ties consist of material testing and g<span class=\"_ _1\"/>eo-consulting ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices as well as asset integrit<span class=\"_ _1\"/>y solut<span class=\"_ _1\"/>ions (monitoring<span class=\"_ _1\"/>, analysis, mo<span class=\"_ _1\"/>delling) fo<span class=\"_ _1\"/>r clients in th<span class=\"_ _1\"/>e elec<span class=\"_ _1\"/>tric<span class=\"_ _1\"/>al power busi<span class=\"_ _6\"/>ness, railroad<span class=\"_ _7\"/>s<span class=\"_ _1\"/>, road<span class=\"_ _6\"/>s and in<span class=\"_ _7\"/>fr<span class=\"_ _1\"/>astructure.  Op<span class=\"_ _1\"/>erat<span class=\"_ _1\"/>ing se<span class=\"_ _1\"/>gmen<span class=\"_ _1\"/>ts / rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tab<span class=\"_ _1\"/>le seg<span class=\"_ _1\"/>ment<span class=\"_ _1\"/>s(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1a4\"> </span>E-A<span class=\"_ _1a5\"> </span>AM<span class=\"_ _10a\"> </span>A<span class=\"_ _1\"/>PAC<span class=\"_ _10a\"> </span>MEI<span class=\"_ _118\"> </span><span class=\"ls19e ws19e\">E<span class=\"_ _1\"/>liminations<span class=\"_ _e1\"> </span>Consolidated</span> <span class=\"_ _1a6\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">20<span class=\"_ _1\"/>21<span class=\"_ _d0\"> </span></span>2<span class=\"_ _1\"/>022<span class=\"_ _fa\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _2b\"> </span></span>2022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _2b\"> </span></span>2022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _2b\"> </span></span>2022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">20<span class=\"_ _1\"/>21<span class=\"_ _d0\"> </span></span>2<span class=\"_ _1\"/>022<span class=\"_ _fa\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Segment revenue<span class=\"_ _6\"/> <span class=\"_ _1a7\"> </span><span class=\"ls2 ws2\">829,251<span class=\"_ _59\"> </span><span class=\"ff8 fc14\">683,565<span class=\"_ _47\"> </span></span>463,<span class=\"_ _6\"/>145 <span class=\"_ _12e\"> </span><span class=\"ff8 fc14\">358,5<span class=\"_ _1\"/>59<span class=\"_ _17a\"> </span></span>330,521 <span class=\"_ _cc\"> </span><span class=\"ff8 fc14\">324,000<span class=\"_ _13\"> </span></span>228,511 <span class=\"_ _17f\"> </span><span class=\"ff8 fc14\">157<span class=\"_ _7\"/>,043</span></span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>1,851,428 <span class=\"_ _17e\"> </span><span class=\"ff8 fc14\">1,52<span class=\"_ _1\"/>3,<span class=\"_ _6\"/>167</span>Of which i<span class=\"_ _6\"/>nter<span class=\"_ _7\"/>-segment reven<span class=\"_ _6\"/>ue<span class=\"_ _77\"> </span><span class=\"ls2 ws2\">(40,942)<span class=\"_ _33\"> </span><span class=\"ff8 fc14\">(2<span class=\"_ _1\"/>5,938)<span class=\"_ _e4\"> </span></span>(9,020)<span class=\"_ _13\"> </span><span class=\"ff8 fc14\">(3,067)<span class=\"_ _34\"> </span></span>(20,0<span class=\"_ _1\"/>52)<span class=\"_ _15\"> </span><span class=\"ff8 fc14\">(16,881)<span class=\"_ _17f\"> </span></span>(15,405)<span class=\"_ _17f\"> </span><span class=\"ff8 fc14\">(15,556)</span></span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>(85,419)<span class=\"_ _59\"> </span><span class=\"ff8 fc14\">(61,442)</span>Revenu<span class=\"_ _1\"/>e fro<span class=\"_ _1\"/>m exte<span class=\"_ _1\"/>rna<span class=\"_ _1\"/>l custo<span class=\"_ _1\"/>mers<span class=\"_ _1a8\"> </span>788,309<span class=\"_ _9\"> </span>65<span class=\"_ _1\"/>7<span class=\"_ _7\"/>,627<span class=\"_ _9\"> </span>45<span class=\"_ _1\"/>4,<span class=\"_ _7\"/>125 <span class=\"_ _12e\"> </span><span class=\"fc14\">355,492<span class=\"_ _17f\"> </span></span>310,469 <span class=\"_ _175\"> </span><span class=\"fc14\">3<span class=\"_ _1\"/>07<span class=\"_ _3\"/>,119<span class=\"_ _47\"> </span><span class=\"fc2\">213,106 <span class=\"_ _17f\"> </span></span>141,487</span>-<span class=\"_ _47\"> </span><span class=\"fc14\">-</span>1,766,009<span class=\"_ _11c\"> </span><span class=\"fc14\">1,461,725</span>Segment result<span class=\"_ _1a9\"> </span><span class=\"ff4 fs6 ls2 ws2\">134,796 <span class=\"_ _17a\"> </span><span class=\"ff8 fc14\">115,<span class=\"_ _1\"/>227<span class=\"_ _36\"> </span></span>26,20<span class=\"_ _1\"/>4 <span class=\"_ _12\"> </span><span class=\"ff8 fc14\">2<span class=\"_ _1\"/>5,412<span class=\"_ _e5\"> </span></span>4<span class=\"_ _1\"/>5,318 <span class=\"_ _12\"> </span><span class=\"ff8 fc14\">26,134<span class=\"_ _111\"> </span></span>12,053 <span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">6,768</span></span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>218,371<span class=\"_ _13\"> </span><span class=\"ff8 fc14\">17<span class=\"_ _1\"/>3,541</span>Depreciation<span class=\"_ _1aa\"> </span><span class=\"ls2 ws2\">(60,564)<span class=\"_ _32\"> </span><span class=\"ff8 fc14\">(53,965)<span class=\"_ _14\"> </span></span>(27<span class=\"_ _7\"/>,450)<span class=\"_ _34\"> </span><span class=\"ff8 fc14\">(2<span class=\"_ _1\"/>3,695)<span class=\"_ _17f\"> </span></span>(23,341)<span class=\"_ _12e\"> </span><span class=\"ff8 fc14\">(24,804)<span class=\"_ _59\"> </span></span>(10,93<span class=\"_ _1\"/>0)<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">(9,640)</span></span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>(122,285)<span class=\"_ _34\"> </span><span class=\"ff8 fc14\">(112,104)</span>Amor<span class=\"_ _1\"/>tisation<span class=\"_ _6\"/> <span class=\"_ _1ab\"> </span><span class=\"ls2 ws2\">(288)<span class=\"_ _b3\"> </span><span class=\"ff8 fc14\">(183)<span class=\"_ _a1\"> </span></span>(50)<span class=\"_ _f2\"> </span><span class=\"ff8 fc14\">(19<span class=\"_ _1\"/>5)<span class=\"_ _b3\"> </span></span>(196)<span class=\"_ _37\"> </span><span class=\"ff8 fc14\">(178)<span class=\"_ _6b\"> </span></span><span class=\"ws200\">(1)                 <span class=\"_ _87\"> </span></span><span class=\"ff8 fc14\">(1)</span></span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>(535)<span class=\"_ _fa\"> </span><span class=\"ff8 fc14\">(5<span class=\"_ _1\"/>57)</span>Impairme<span class=\"_ _1\"/>nts<span class=\"_ _1ac\"> </span><span class=\"ls2 ws2\">(438)<span class=\"_ _b4\"> </span><span class=\"ff8 fc14 ls100 ws10c\">3<span class=\"_ _1\"/>70<span class=\"_ _65\"> </span></span><span class=\"ls43 ws4b\">(277)<span class=\"_ _a1\"> </span></span><span class=\"ff8 fc14\">128<span class=\"_ _17c\"> </span></span>(1,546)<span class=\"_ _2b\"> </span><span class=\"ff8 fc14\">(1,117)<span class=\"_ _fa\"> </span></span>(322)</span>-<span class=\"_ _47\"> </span><span class=\"ff4 fc2\">-<span class=\"_ _47\"> </span></span>-(2,583)<span class=\"_ _f2\"> </span><span class=\"ff8 fc14\">(619)</span>Resu<span class=\"_ _1\"/>lt fro<span class=\"_ _1\"/>m ope<span class=\"_ _1\"/>rati<span class=\"_ _1\"/>ng ac<span class=\"_ _1\"/>tiv<span class=\"_ _1\"/>itie<span class=\"_ _1\"/>s (E<span class=\"_ _1\"/>BI<span class=\"_ _1\"/>T<span class=\"_ _1\"/>)<span class=\"_ _1ad\"> </span>73,50<span class=\"_ _1\"/>6<span class=\"_ _13d\"> </span><span class=\"fc14\">61,449<span class=\"_ _17c\"> </span></span>(1,5<span class=\"_ _1\"/>73)<span class=\"_ _e3\"> </span><span class=\"fc14\">1,650<span class=\"_ _12\"> </span></span>20,235<span class=\"_ _89\"> </span><span class=\"fc14\">35<span class=\"_ _84\"> </span></span>80<span class=\"_ _1\"/>0<span class=\"_ _e5\"> </span><span class=\"fc14\">(2,873)</span>-<span class=\"_ _47\"> </span><span class=\"fc14\">-</span>92,968<span class=\"_ _e5\"> </span><span class=\"fc14\">60,261</span>EB<span class=\"_ _1\"/>IT in % of reve<span class=\"_ _1\"/>nue<span class=\"_ _1ae\"> </span>9.3<span class=\"_ _1\"/>%<span class=\"_ _17b\"> </span><span class=\"ff8 fc14\">9.3<span class=\"_ _0\"/>%<span class=\"_ _e3\"> </span></span>(0.3<span class=\"_ _1\"/>%)<span class=\"_ _9f\"> </span><span class=\"ff8 fc14\">0.5<span class=\"_ _0\"/>%<span class=\"_ _17b\"> </span></span>6.5<span class=\"_ _0\"/>%<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">0.0<span class=\"_ _0\"/>%<span class=\"_ _f9\"> </span></span><span class=\"ls1e1 ws1e7\">0<span class=\"_ _1\"/>.4<span class=\"_ _0\"/>%<span class=\"_ _e3\"> </span></span><span class=\"ff8 fc14\">(2.0<span class=\"_ _1\"/>%)</span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>5.3<span class=\"_ _1\"/>%<span class=\"_ _c0\"> </span><span class=\"ff8 fc14 ls1df ws1e5\">4.1<span class=\"_ _0\"/>%</span>Finan<span class=\"_ _6\"/>ce i<span class=\"_ _6\"/>ncome<span class=\"_ _1af\"> </span>24,610 <span class=\"_ _47\"> </span><span class=\"ff8 fc14\">2<span class=\"_ _1\"/>0,785<span class=\"_ _3a\"> </span></span>8,04<span class=\"_ _1\"/>6 <span class=\"_ _39\"> </span>7<span class=\"_ _7\"/>,801<span class=\"_ _c0\"> </span>7<span class=\"_ _3\"/>,<span class=\"_ _6\"/>166 <span class=\"_ _111\"> </span>9,882<span class=\"_ _39\"> </span><span class=\"ff4 fc2\">2,805 <span class=\"_ _e3\"> </span></span>3,387<span class=\"_ _36\"> </span><span class=\"ff4 fc2\">(27<span class=\"_ _7\"/>,337)<span class=\"_ _34\"> </span><span class=\"ff8 fc14\">(22,029)<span class=\"_ _145\"> </span></span>15,<span class=\"_ _1\"/>290<span class=\"_ _e5\"> </span><span class=\"ff8 fc14\">19,826</span></span>Fina<span class=\"_ _1\"/>nce ex<span class=\"_ _1\"/>pens<span class=\"_ _1\"/>e<span class=\"_ _1b0\"> </span><span class=\"ls2 ws2\">(29,558)<span class=\"_ _33\"> </span><span class=\"ff8 fc14\">(28,928)<span class=\"_ _f3\"> </span></span>(9,502)<span class=\"_ _59\"> </span><span class=\"ff8 fc14\">(10,036)<span class=\"_ _47\"> </span></span>(15,413)<span class=\"_ _59\"> </span><span class=\"ff8 fc14\">(1<span class=\"_ _1\"/>6,256)<span class=\"_ _120\"> </span></span>(8,159)<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">(4,899)<span class=\"_ _12\"> </span></span>27<span class=\"_ _7\"/>,337 <span class=\"_ _47\"> </span><span class=\"ff8 fc14\">22,029<span class=\"_ _47\"> </span></span>(35,<span class=\"_ _1\"/>295)<span class=\"_ _122\"> </span><span class=\"ff8 fc14\">(38,0<span class=\"_ _1\"/>90)</span></span>Share of pr<span class=\"_ _1\"/>ofit<span class=\"_ _1\"/>/(<span class=\"_ _1\"/>loss) of equit<span class=\"_ _1\"/>y-accounted investees<span class=\"_ _129\"> </span>1,297 <span class=\"_ _6e\"> </span><span class=\"ff8 fc14\">221</span>--9,747 <span class=\"_ _145\"> </span><span class=\"ff8 fc14\">13,09<span class=\"_ _1\"/>4<span class=\"_ _fa\"> </span></span>2,481 <span class=\"_ _17b\"> </span><span class=\"ff8 fc14 ls1df ws1e5\">4<span class=\"_ _1\"/>,16<span class=\"_ _1\"/>1</span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>13,525<span class=\"_ _3a\"> </span><span class=\"ff8 fc14\">17<span class=\"_ _7\"/>,476</span>Rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tab<span class=\"_ _1\"/>le se<span class=\"_ _1\"/>gmen<span class=\"_ _1\"/>t prof<span class=\"_ _1\"/>it<span class=\"_ _1\"/>/(<span class=\"_ _1\"/>loss) bef<span class=\"_ _1\"/>ore in<span class=\"_ _1\"/>come ta<span class=\"_ _1\"/>x<span class=\"_ _22\"> </span>69,855 <span class=\"_ _145\"> </span><span class=\"fc14\">53,527<span class=\"_ _e5\"> </span></span>(3,029)<span class=\"_ _39\"> </span><span class=\"fc14\">(585)<span class=\"_ _13\"> </span></span>21,735 <span class=\"_ _9f\"> </span><span class=\"fc14\">6,755<span class=\"_ _111\"> </span></span>(2,073) <span class=\"_ _9f\"> </span><span class=\"fc14\">(224)</span>-<span class=\"_ _47\"> </span><span class=\"fc14\">-</span>86,488<span class=\"_ _10b\"> </span><span class=\"fc14\">59,473</span>Income tax<span class=\"_ _1b1\"> </span><span class=\"ls2 ws2\">(6,031)<span class=\"_ _10b\"> </span><span class=\"ff8 fc14\">(1,059)<span class=\"_ _f9\"> </span></span>(636)<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">2,667<span class=\"_ _24\"> </span></span>497 <span class=\"_ _17b\"> </span><span class=\"ff8 fc14\">1,163<span class=\"_ _3a\"> </span></span>(1,027)<span class=\"_ _9b\"> </span><span class=\"ff8 fc14\">2<span class=\"_ _1\"/>78</span></span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>(7<span class=\"_ _7\"/>,197)<span class=\"_ _e5\"> </span><span class=\"ff8 fc14\">3,049</span>Prof<span class=\"_ _1\"/>it<span class=\"_ _1\"/>/<span class=\"_ _1\"/>(los<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) f<span class=\"_ _1\"/>or the p<span class=\"_ _1\"/>er<span class=\"_ _1\"/>iod fr<span class=\"_ _1\"/>om con<span class=\"_ _1\"/>tinuin<span class=\"_ _1\"/>g ope<span class=\"_ _1\"/>rat<span class=\"_ _1\"/>ions<span class=\"_ _111\"> </span>63,824<span class=\"_ _13\"> </span><span class=\"fc14\">52,46<span class=\"_ _1\"/>8<span class=\"_ _120\"> </span></span>(3,6<span class=\"_ _1\"/>65)<span class=\"_ _120\"> </span><span class=\"fc14\">2,082<span class=\"_ _10b\"> </span></span>22,232<span class=\"_ _b3\"> </span>7<span class=\"_ _7\"/>,918<span class=\"_ _e3\"> </span><span class=\"fc2\">(3,<span class=\"_ _7\"/>10<span class=\"_ _1\"/>0)<span class=\"_ _20\"> </span><span class=\"fc14 ls43 ws4b\">54</span></span>-<span class=\"_ _47\"> </span><span class=\"fc14\">-</span>79,291<span class=\"_ _10b\"> </span><span class=\"fc14\">62,522</span>Capit<span class=\"_ _1\"/>al employed<span class=\"_ _1b2\"> </span>514,866<span class=\"_ _17f\"> </span>469,7<span class=\"_ _6\"/>49<span class=\"_ _17a\"> </span><span class=\"ff4 fc2\">2<span class=\"_ _1\"/>36,017<span class=\"_ _9\"> </span></span>219,349<span class=\"_ _f3\"> </span><span class=\"ff4 fc2\">221,475<span class=\"_ _15\"> </span></span>189,259<span class=\"_ _47\"> </span><span class=\"ff4 fc2\">132,<span class=\"_ _6\"/>420<span class=\"_ _15\"> </span><span class=\"ff8 fc14\">128,494</span></span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>1,<span class=\"_ _6\"/>104,7<span class=\"_ _1\"/>78<span class=\"_ _a\"> </span><span class=\"ff8 fc14\">1,006,851</span>No<span class=\"_ _1\"/>n-curre<span class=\"_ _1\"/>nt assets<span class=\"_ _1b3\"> </span><span class=\"ls2 ws2\">596,55<span class=\"_ _1\"/>0<span class=\"_ _17f\"> </span><span class=\"ff8 fc14\">57<span class=\"_ _1\"/>9,704<span class=\"_ _59\"> </span></span>20<span class=\"_ _1\"/>6,562<span class=\"_ _e4\"> </span><span class=\"ff8 fc14\">176,25<span class=\"_ _1\"/>7<span class=\"_ _f3\"> </span></span>241,241<span class=\"_ _9\"> </span><span class=\"ff8 fc14\">242,37<span class=\"_ _1\"/>7<span class=\"_ _47\"> </span></span>145,897<span class=\"_ _175\"> </span><span class=\"ff8 fc14\">128,532</span></span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>1,<span class=\"_ _6\"/>190,25<span class=\"_ _1\"/>0<span class=\"_ _11c\"> </span><span class=\"ff8 fc14\">1,126,870</span>Cap<span class=\"_ _1\"/>ital exp<span class=\"_ _1\"/>enditur<span class=\"_ _1\"/>e prope<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>y, plant and e<span class=\"_ _1\"/>quipment<span class=\"_ _1b\"> </span>60,5<span class=\"_ _1\"/>62<span class=\"_ _36\"> </span><span class=\"ff8 fc14\">33,893<span class=\"_ _e5\"> </span></span>21,049<span class=\"_ _3a\"> </span><span class=\"ff8 fc14\">15,351<span class=\"_ _10b\"> </span></span>32,388<span class=\"_ _10b\"> </span><span class=\"ff8 fc14\">23,634<span class=\"_ _17b\"> </span></span>9,100<span class=\"_ _d0\"> </span><span class=\"ff8 fc14\">6,805</span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>123,09<span class=\"_ _1\"/>9<span class=\"_ _36\"> </span><span class=\"ff8 fc14\">79,6<span class=\"_ _1\"/>83</span>Cap<span class=\"_ _1\"/>ital exp<span class=\"_ _1\"/>enditur<span class=\"_ _1\"/>e E&amp;E<span class=\"_ _1\"/>, sof<span class=\"_ _1\"/>tw<span class=\"_ _1\"/>are and oth<span class=\"_ _1\"/>er intangib<span class=\"_ _1\"/>le asset<span class=\"_ _1\"/>s<span class=\"_ _1b4\"> </span><span class=\"ls2 ws2\">1,509<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">63<span class=\"_ _1\"/>5<span class=\"_ _6e\"> </span></span><span class=\"ls43 ws4b\">586<span class=\"_ _8d\"> </span><span class=\"ff8 fc14 ls87 ws3b\">81<span class=\"_ _22\"> </span></span></span>263<span class=\"_ _fa\"> </span><span class=\"ff8 fc14\">1,650<span class=\"_ _7c\"> </span></span>119</span>-<span class=\"_ _47\"> </span><span class=\"ff4 fc2\">-<span class=\"_ _47\"> </span></span>-2,477<span class=\"_ _39\"> </span><span class=\"ff8 fc14\">2,366</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade receivables<span class=\"_ _6\"/> and un<span class=\"_ _6\"/>billed reven<span class=\"_ _6\"/>ue on (<span class=\"_ _7\"/>completed) contracts<span class=\"_ _28\"> </span><span class=\"ls2 ws2\">192,743<span class=\"_ _15\"> </span><span class=\"ff8 fc14\">159,<span class=\"_ _1\"/>260<span class=\"_ _175\"> </span></span>126,939<span class=\"_ _13d\"> </span><span class=\"ff8 fc14\">113,103<span class=\"_ _f3\"> </span></span>9<span class=\"_ _1\"/>4,886<span class=\"_ _e5\"> </span><span class=\"ff8 fc14\">90,3<span class=\"_ _1\"/>51<span class=\"_ _36\"> </span></span>93,383<span class=\"_ _10b\"> </span><span class=\"ff8 fc14\">63,32<span class=\"_ _1\"/>3</span></span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>507<span class=\"_ _7\"/>,951<span class=\"_ _17f\"> </span><span class=\"ff8 fc14\">426,037</span>8<span class=\"_ _1\"/>. <span class=\"_ _178\"> </span><span class=\"ff5 fs6 ls11f ws3b\">A<span class=\"_ _1\"/>SS<span class=\"_ _1\"/>E<span class=\"_ _1\"/>T<span class=\"_ _1\"/>S HE<span class=\"_ _1\"/>L<span class=\"_ _1\"/>D F<span class=\"_ _1\"/>OR S<span class=\"_ _1\"/>AL<span class=\"_ _1\"/>E</span>Non-<span class=\"_ _1\"/>current assets that ar<span class=\"_ _1\"/>e expe<span class=\"_ _1\"/>cted to b<span class=\"_ _1\"/>e recovere<span class=\"_ _1\"/>d primarily t<span class=\"_ _1\"/>hrough sale r<span class=\"_ _1\"/>ather than through continuing use are c<span class=\"_ _1\"/>lass<span class=\"_ _6\"/>ifie<span class=\"_ _1\"/>d as held for s<span class=\"_ _1\"/>ale. Imme<span class=\"_ _1\"/>diately befo<span class=\"_ _1\"/>re classificatio<span class=\"_ _1\"/>n as held fo<span class=\"_ _1\"/>r sale, thes<span class=\"_ _1\"/>e assets are rem<span class=\"_ _1\"/>easured in accordance with the G<span class=\"_ _1\"/>roup\u2019s acc<span class=\"_ _6\"/>ounting polic<span class=\"_ _1\"/>ies. Th<span class=\"_ _1\"/>ereaf<span class=\"_ _1\"/>ter gene<span class=\"_ _1\"/>rally th<span class=\"_ _1\"/>e assets are measured at th<span class=\"_ _1\"/>e lower of th<span class=\"_ _1\"/>eir carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount and f<span class=\"_ _1\"/>air values less costs to s<span class=\"_ _1\"/>ell. Once classifie<span class=\"_ _1\"/>d as held for s<span class=\"_ _1\"/>ale, intangible assets and p<span class=\"_ _1\"/>roper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment ar<span class=\"_ _1\"/>e no longer am<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tised or de<span class=\"_ _1\"/>preciate<span class=\"_ _1\"/>d, and any equit<span class=\"_ _1\"/>y-accounted investees are no lo<span class=\"_ _1\"/>nger equit<span class=\"_ _1\"/>y-accounted. Discontinue<span class=\"_ _1\"/>d ope<span class=\"_ _1\"/>rations are exc<span class=\"_ _1\"/>luded fro<span class=\"_ _1\"/>m the results of continuing op<span class=\"_ _1\"/>erati<span class=\"_ _1\"/>ons and are presente<span class=\"_ _1\"/>d as a single amount as prof<span class=\"_ _1\"/>it or loss af<span class=\"_ _1\"/>ter tax f<span class=\"_ _1\"/>rom discontinued op<span class=\"_ _1\"/>eratio<span class=\"_ _1\"/>ns in the stateme<span class=\"_ _1\"/>nt of profit o<span class=\"_ _1\"/>r loss. 8<span class=\"_ _1\"/>.1 <span class=\"_ _178\"> </span><span class=\"ff2 fs3 ls9e wsa2\">Discontinued oper<span class=\"_ _1\"/>ations</span>Seab<span class=\"_ _1\"/>ed Ge<span class=\"_ _1\"/>osolutions had b<span class=\"_ _1\"/>een pr<span class=\"_ _1\"/>esented as a disposal group he<span class=\"_ _1\"/>ld for sale and a discontinued op<span class=\"_ _1\"/>eratio<span class=\"_ _1\"/>n until its divestm<span class=\"_ _1\"/>ent on 28 J<span class=\"_ _1\"/>une 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>. There is no mater<span class=\"_ _1\"/>ial impact from discontinue<span class=\"_ _1\"/>d oper<span class=\"_ _1\"/>ations in the 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 financ<span class=\"_ _1\"/>ial statement<span class=\"_ _1\"/>s. Th<span class=\"_ _1\"/>e cash flow f<span class=\"_ _1\"/>rom discontinued op<span class=\"_ _1\"/>eratio<span class=\"_ _1\"/>ns in 202<span class=\"_ _1\"/>2 relates to chan<span class=\"_ _1\"/>ges in remaining wor<span class=\"_ _1\"/>king capit<span class=\"_ _1\"/>al balancesin<span class=\"_ _6\"/> Sea<span class=\"_ _6\"/>bed Geo<span class=\"_ _6\"/>sol<span class=\"_ _6\"/>uti<span class=\"_ _6\"/>on<span class=\"_ _6\"/>s.8<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 <span class=\"_ _a\"> </span>Asse<span class=\"_ _1\"/>ts he<span class=\"_ _1\"/>ld for s<span class=\"_ _1\"/>aleAss<span class=\"_ _1\"/>ets hel<span class=\"_ _1\"/>d for sale as at 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 of EU<span class=\"_ _1\"/>R 10<span class=\"_ _1\"/>.<span class=\"_ _1\"/>7 million (31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1: EU<span class=\"_ _1\"/>R 9.7million) cons<span class=\"_ _6\"/>ist of prope<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ty, plant and equipm<span class=\"_ _1\"/>ent with a total c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt (<span class=\"_ _7\"/>whi<span class=\"_ _1\"/>ch is the lo<span class=\"_ _1\"/>wer bo<span class=\"_ _1\"/>ok value) of EUR 2<span class=\"_ _1\"/>.9 million (31 De<span class=\"_ _1\"/>cember 2<span class=\"_ _1\"/>021<span class=\"_ _1\"/>: EU<span class=\"_ _1\"/>R 4.<span class=\"_ _1\"/>3 million) and the interest in the G<span class=\"_ _1\"/>lobal Mar<span class=\"_ _1\"/>ine Group asso<span class=\"_ _1\"/>ciate with a carr<span class=\"_ _0\"/>ying amount of EU<span class=\"_ _1\"/>R 7<span class=\"_ _7\"/>.<span class=\"_ _1\"/>8 million (31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1: EU<span class=\"_ _1\"/>R 5<span class=\"_ _1\"/>.4 million).Prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and equipm<span class=\"_ _1\"/>ent held for s<span class=\"_ _1\"/>ale per<span class=\"_ _1\"/>tains to cer<span class=\"_ _1\"/>tain pro<span class=\"_ _1\"/>per<span class=\"_ _1\"/>ties an<span class=\"_ _1\"/>d an airplane.These asset<span class=\"_ _1\"/>s were pr<span class=\"_ _1\"/>esented in the A<span class=\"_ _1\"/>M and APAC ope<span class=\"_ _1\"/>rating se<span class=\"_ _1\"/>gments resp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tively. Due tothe ad<span class=\"_ _1\"/>vanced st<span class=\"_ _1\"/>age of neg<span class=\"_ _1\"/>otiations with t<span class=\"_ _1\"/>he respe<span class=\"_ _1\"/>ctive p<span class=\"_ _1\"/>otential buye<span class=\"_ _1\"/>rs, it is de<span class=\"_ _1\"/>emed highly pro<span class=\"_ _1\"/>bable that the<span class=\"_ _1\"/>se assets will be so<span class=\"_ _1\"/>ld in exchange for c<span class=\"_ _1\"/>ash in 202<span class=\"_ _1\"/>3 (referen<span class=\"_ _1\"/>ce i<span class=\"_ _6\"/>s made to th<span class=\"_ _1\"/>e subsequent events n<span class=\"_ _1\"/>ote<span class=\"_ _6\"/>). Ther<span class=\"_ _1\"/>e were no impairm<span class=\"_ _1\"/>ents or re<span class=\"_ _1\"/>versals of impairme<span class=\"_ _1\"/>nts with resp<span class=\"_ _1\"/>ect to t<span class=\"_ _1\"/>hese assets in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>.HC<span class=\"_ _1\"/>2 Ho<span class=\"_ _1\"/>ldings Inc is a third par<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y and th<span class=\"_ _1\"/>e majorit<span class=\"_ _1\"/>y owne<span class=\"_ _1\"/>r of the Glo<span class=\"_ _1\"/>bal Marine G<span class=\"_ _1\"/>roup (GMG). In conne<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>on with th<span class=\"_ _1\"/>e highly probab<span class=\"_ _1\"/>le exercise by H<span class=\"_ _1\"/>C2 of a put o<span class=\"_ _1\"/>ption agre<span class=\"_ _1\"/>ementto sell GM<span class=\"_ _1\"/>G\u2019s stake in Huawe<span class=\"_ _1\"/>i Marine N<span class=\"_ _1\"/>etw<span class=\"_ _1\"/>orks Co<span class=\"_ _1\"/>. Limited<span class=\"_ _1\"/>, the G<span class=\"_ _1\"/>MG associate has be<span class=\"_ _1\"/>enclassified as h<span class=\"_ _1\"/>eld for sale as of 31 D<span class=\"_ _1\"/>ecemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>. The Gro<span class=\"_ _1\"/>up expe<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s the sale to H<span class=\"_ _1\"/>engtongOptic-El<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>ric Co Ltd to b<span class=\"_ _1\"/>e completed in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>3<span class=\"_ _1\"/>. Ther<span class=\"_ _1\"/>e were no impairm<span class=\"_ _1\"/>ent losses or rever<span class=\"_ _1\"/>sals with respe<span class=\"_ _1\"/>ct to G<span class=\"_ _1\"/>MG in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2. G<span class=\"_ _1\"/>MG is prese<span class=\"_ _1\"/>nted in the E-A op<span class=\"_ _1\"/>erating se<span class=\"_ _1\"/>gment<span class=\"_ _1\"/>. 9. <span class=\"_ _b\"> </span><span class=\"ff5 fs6 ls11c ws203\">REVENUE</span>Revenue is re<span class=\"_ _1\"/>cognised whe<span class=\"_ _1\"/>n control of the pro<span class=\"_ _1\"/>mised goo<span class=\"_ _1\"/>ds or ser<span class=\"_ _1\"/>vices is tr<span class=\"_ _1\"/>ansferre<span class=\"_ _1\"/>d to the G<span class=\"_ _1\"/>roup\u2019s customers<span class=\"_ _1\"/>, in an amount that ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ts the conside<span class=\"_ _1\"/>ration t<span class=\"_ _1\"/>he Group ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ts to be entit<span class=\"_ _1\"/>led to in exchang<span class=\"_ _1\"/>e for those go<span class=\"_ _1\"/>ods or ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices. Fugro p<span class=\"_ _1\"/>rimarily ge<span class=\"_ _1\"/>nerates revenue f<span class=\"_ _1\"/>rom ser<span class=\"_ _1\"/>vices whi<span class=\"_ _1\"/>ch are based on g<span class=\"_ _1\"/>eo-intelligen<span class=\"_ _1\"/>ce derived b<span class=\"_ _1\"/>y acquiring bespo<span class=\"_ _1\"/>ke data and provi<span class=\"_ _1\"/>ding analysis and advisor<span class=\"_ _0\"/>y<span class=\"_ _6\"/>. Revenue f<span class=\"_ _1\"/>rom sales of go<span class=\"_ _1\"/>ods, sof<span class=\"_ _1\"/>tw<span class=\"_ _1\"/>are licences and subscriptio<span class=\"_ _1\"/>n income are not a signif<span class=\"_ _1\"/>icant catego<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y of revenue.Revenue i<span class=\"_ _7\"/>s measured ba<span class=\"_ _6\"/>sed on the con<span class=\"_ _7\"/>sideration contractually agreed with the<span class=\"_ _6\"/> customer. Common consider<span class=\"_ _1\"/>ations are fi<span class=\"_ _1\"/>xed pri<span class=\"_ _1\"/>ce, daily rates or r<span class=\"_ _1\"/>ates per (square) kilom<span class=\"_ _1\"/>etre. Th<span class=\"_ _1\"/>e transac<span class=\"_ _1\"/>tion p<span class=\"_ _1\"/>rice excludes amo<span class=\"_ _1\"/>unts collec<span class=\"_ _1\"/>ted on b<span class=\"_ _1\"/>ehalf of third par<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>, such as value-add<span class=\"_ _1\"/>ed taxes<span class=\"_ _1\"/>. It is common fo<span class=\"_ _1\"/>r the Group\u2019s contra<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s with customer<span class=\"_ _1\"/>s to include liquidate<span class=\"_ _1\"/>d damages<span class=\"_ _1\"/>, weather st<span class=\"_ _1\"/>andby fees o<span class=\"_ _1\"/>r disc<span class=\"_ _6\"/>ounts t<span class=\"_ _1\"/>hat can either inc<span class=\"_ _1\"/>rease or de<span class=\"_ _1\"/>crease the tr<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ion price<span class=\"_ _1\"/>, leading to the consider<span class=\"_ _1\"/>ation to b<span class=\"_ _1\"/>e variabl<span class=\"_ _1\"/>e. Variable considerat<span class=\"_ _1\"/>ions are gene<span class=\"_ _1\"/>rally constr<span class=\"_ _1\"/>ained and re<span class=\"_ _1\"/>cognised as revenu<span class=\"_ _1\"/>e only to the ex<span class=\"_ _1\"/>tent that it is highly pro<span class=\"_ _1\"/>bable that the am<span class=\"_ _1\"/>ount will not be subjec<span class=\"_ _1\"/>t to signific<span class=\"_ _1\"/>ant reversal w<span class=\"_ _1\"/>hen the uncer<span class=\"_ _1\"/>taint<span class=\"_ _1\"/>y is resol<span class=\"_ _1\"/>ved. Th<span class=\"_ _1\"/>e Group estimates v<span class=\"_ _1\"/>ariable consider<span class=\"_ _1\"/>ation using eith<span class=\"_ _1\"/>er the exp<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d value met<span class=\"_ _1\"/>hod or th<span class=\"_ _1\"/>e most likely amount m<span class=\"_ _1\"/>ethod base<span class=\"_ _1\"/>d on which met<span class=\"_ _1\"/>hod bet<span class=\"_ _1\"/>ter pre<span class=\"_ _1\"/>dict<span class=\"_ _1\"/>s the amount of consider<span class=\"_ _1\"/>ation to whic<span class=\"_ _1\"/>h it will be entitl<span class=\"_ _1\"/>ed.The G<span class=\"_ _1\"/>roup\u2019s ser<span class=\"_ _1\"/>vices are t<span class=\"_ _1\"/>ypic<span class=\"_ _1\"/>ally sold in a bundle<span class=\"_ _1\"/>d packag<span class=\"_ _1\"/>e of ser<span class=\"_ _1\"/>vices which to<span class=\"_ _1\"/>gethe<span class=\"_ _1\"/>r form a si<span class=\"_ _6\"/>ngle performance obliga<span class=\"_ _7\"/>t<span class=\"_ _1\"/>ion. Con<span class=\"_ _6\"/>trol of the<span class=\"_ _6\"/> single<span class=\"_ _6\"/> perfor<span class=\"_ _1\"/>manc<span class=\"_ _7\"/>e obligations i<span class=\"_ _7\"/>s gene<span class=\"_ _1\"/>rally tr<span class=\"_ _1\"/>ansferre<span class=\"_ _1\"/>d to the customer ove<span class=\"_ _1\"/>r time. Th<span class=\"_ _1\"/>e transfer of control ove<span class=\"_ _1\"/>r time is suppor<span class=\"_ _1\"/>ted m<span class=\"_ _1\"/>ostly by on<span class=\"_ _1\"/>e of the follow<span class=\"_ _1\"/>ing conditions be<span class=\"_ _1\"/>ing met: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Clauses in the contr<span class=\"_ _1\"/>act t<span class=\"_ _1\"/>hat allow the custom<span class=\"_ _1\"/>er to terminate the contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>, pay fo<span class=\"_ _1\"/>r costs incur<span class=\"_ _1\"/>red plus a reasonabl<span class=\"_ _1\"/>e profit margin and t<span class=\"_ _1\"/>ake control of any work in progr<span class=\"_ _1\"/>ess. The G<span class=\"_ _1\"/>roup does n<span class=\"_ _1\"/>ot create an asset with alter<span class=\"_ _1\"/>native use to the G<span class=\"_ _1\"/>roup. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>The custom<span class=\"_ _1\"/>er simultaneo<span class=\"_ _1\"/>usly receives and consumes the b<span class=\"_ _1\"/>enef<span class=\"_ _1\"/>its prov<span class=\"_ _1\"/>ided by th<span class=\"_ _1\"/>e Group\u2019<span class=\"_ _6\"/>s performance as the<span class=\"_ _6\"/> Group performs.In limited cases<span class=\"_ _1\"/>, the G<span class=\"_ _1\"/>roup may also create or enhance an asset that th<span class=\"_ _1\"/>e customer controls as the asset is create<span class=\"_ _1\"/>d or enhanced.For p<span class=\"_ _1\"/>er<span class=\"_ _1\"/>formance obli<span class=\"_ _1\"/>gations that are satisfi<span class=\"_ _1\"/>ed over time<span class=\"_ _1\"/>, revenue and cost are recognise<span class=\"_ _1\"/>d based on th<span class=\"_ _1\"/>e ex<span class=\"_ _1\"/>tent of progress tow<span class=\"_ _1\"/>ards completion of t<span class=\"_ _1\"/>he per<span class=\"_ _1\"/>forman<span class=\"_ _1\"/>ce obligatio<span class=\"_ _1\"/>n. The s<span class=\"_ _1\"/>elec<span class=\"_ _1\"/>tion of th<span class=\"_ _1\"/>e method to m<span class=\"_ _1\"/>easure progress tow<span class=\"_ _1\"/>ards completion requires jud<span class=\"_ _1\"/>gement and is base<span class=\"_ _1\"/>d on the nature of th<span class=\"_ _1\"/>e ser<span class=\"_ _1\"/>vices to be pr<span class=\"_ _1\"/>ovided<span class=\"_ _1\"/>. The G<span class=\"_ _1\"/>roup gene<span class=\"_ _1\"/>rally dete<span class=\"_ _1\"/>rmines pro<span class=\"_ _1\"/>gress towards complet<span class=\"_ _1\"/>ion by measuring th<span class=\"_ _1\"/>e prop<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tion of ac<span class=\"_ _1\"/>tual cost incurre<span class=\"_ _1\"/>d for work p<span class=\"_ _1\"/>er<span class=\"_ _1\"/>forme<span class=\"_ _1\"/>d to date, compare<span class=\"_ _1\"/>d to total estimated cost to complet<span class=\"_ _1\"/>ion. In t<span class=\"_ _1\"/>he Group\u2019s vie<span class=\"_ _1\"/>w this best depi<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s the Gro<span class=\"_ _1\"/>up\u2019<span class=\"_ _6\"/>s per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>mance in transferr<span class=\"_ _1\"/>ing control of ser<span class=\"_ _1\"/>vi<span class=\"_ _1\"/>ces promised to it<span class=\"_ _1\"/>s customers<span class=\"_ _1\"/>.The acc<span class=\"_ _6\"/>ounti<span class=\"_ _6\"/>ng policy for onerous (<span class=\"_ _7\"/>revenue<span class=\"_ _6\"/>) con<span class=\"_ _6\"/>tract<span class=\"_ _1\"/>s is<span class=\"_ _6\"/> included i<span class=\"_ _6\"/>n <span class=\"fc14 ls2 ws2\">note 32</span><span class=\"ls17b ws1f8\"> P<span class=\"_ _1\"/>rov<span class=\"_ _1\"/>isions<span class=\"_ _1\"/>.</span>Paym<span class=\"_ _1\"/>ent terms for custom<span class=\"_ _1\"/>er contrac<span class=\"_ _1\"/>ts are usually base<span class=\"_ _1\"/>d on sever<span class=\"_ _1\"/>al instalments ove<span class=\"_ _1\"/>r the durati<span class=\"_ _1\"/>on of the contra<span class=\"_ _1\"/>ct base<span class=\"_ _1\"/>d on pre-set contrac<span class=\"_ _1\"/>t mileston<span class=\"_ _1\"/>es. Signif<span class=\"_ _1\"/>icant financing compon<span class=\"_ _1\"/>ents are not pr<span class=\"_ _1\"/>evalent no<span class=\"_ _1\"/>r material within th<span class=\"_ _1\"/>e Group.Contrac<span class=\"_ _1\"/>t balancesWh<span class=\"_ _1\"/>en revenue re<span class=\"_ _1\"/>cognised to date excee<span class=\"_ _1\"/>ds the progr<span class=\"_ _1\"/>ess billings to the customer, the surplus is accounted for as a contra<span class=\"_ _1\"/>ct asset and pres<span class=\"_ _1\"/>ented as unbilled reve<span class=\"_ _1\"/>nue on a contract<span class=\"_ _6\"/>-by<span class=\"_ _6\"/>-contract basi<span class=\"_ _7\"/>s<span class=\"_ _1\"/>. Unbi<span class=\"_ _6\"/>lled revenue<span class=\"_ _6\"/> is ac<span class=\"_ _7\"/>counted net o<span class=\"_ _7\"/>f any impai<span class=\"_ _6\"/>rment los<span class=\"_ _6\"/>ses. Wh<span class=\"_ _1\"/>en progress b<span class=\"_ _1\"/>illings exceed the re<span class=\"_ _1\"/>venue, measure<span class=\"_ _1\"/>d as c<span class=\"_ _6\"/>osts incur<span class=\"_ _1\"/>red plus prof<span class=\"_ _1\"/>its recognise<span class=\"_ _1\"/>d to date, the bala<span class=\"_ _1\"/>nce is acc<span class=\"_ _6\"/>ounted for as a contr<span class=\"_ _1\"/>act liabilit<span class=\"_ _1\"/>y, which is presente<span class=\"_ _1\"/>d as advance instalme<span class=\"_ _1\"/>nts to work in p<span class=\"_ _1\"/>rogress.9.1 <span class=\"_ _b\"> </span><span class=\"ff2 fs3 ls15c ws16a\">Disaggregation of re<span class=\"_ _6\"/>venue<span class=\"_ _6\"/> from cont<span class=\"_ _6\"/>ract<span class=\"_ _1\"/>s with<span class=\"_ _6\"/> customers</span>Revenue by bu<span class=\"_ _1\"/>siness<span class=\"_ _1\"/>es and mar<span class=\"_ _1\"/>ket se<span class=\"_ _1\"/>gmen<span class=\"_ _1\"/>t2022<span class=\"_ _a5\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b5\"> </span>Marine<span class=\"_ _37\"> </span>L<span class=\"_ _1\"/>and<span class=\"_ _c0\"> </span><span class=\"ls1b5 ws1b9\">T<span class=\"_ _7\"/>otal<span class=\"_ _12\"> </span><span class=\"ls19e ws19e\">M<span class=\"_ _1\"/>arine<span class=\"_ _f2\"> </span><span class=\"ls1f8 ws204\">L<span class=\"_ _1\"/>and<span class=\"_ _c0\"> </span></span></span>T<span class=\"_ _6\"/>otal</span>Oil and g<span class=\"_ _1\"/>as<span class=\"_ _1b6\"> </span>605,633<span class=\"_ _e3\"> </span>47<span class=\"_ _7\"/>,7<span class=\"_ _6\"/>42<span class=\"_ _9\"> </span>653,375<span class=\"_ _14\"> </span><span class=\"ff8 fc14\">542,56<span class=\"_ _1\"/>6<span class=\"_ _e5\"> </span>2<span class=\"_ _1\"/>7<span class=\"_ _3\"/>,78<span class=\"_ _1\"/>4<span class=\"_ _14\"> </span>570,3<span class=\"_ _1\"/>50</span>Renew<span class=\"_ _1\"/>ables<span class=\"_ _1b7\"> </span>448,822 <span class=\"_ _111\"> </span>71,941<span class=\"_ _9\"> </span>520,763 <span class=\"_ _9\"> </span><span class=\"ff8 fc14\">321,519<span class=\"_ _12\"> </span>28,589<span class=\"_ _9\"> </span>350,108</span>Infrastructure<span class=\"_ _d9\"> </span>114,693<span class=\"_ _14\"> </span><span class=\"ls43 ws4b\">404,273<span class=\"_ _15\"> </span></span>518,9<span class=\"_ _1\"/>66<span class=\"_ _175\"> </span><span class=\"ff8 fc14\">108,547<span class=\"_ _35\"> </span>354,380<span class=\"_ _17f\"> </span>462,927</span>Water<span class=\"_ _1b8\"> </span>58,283<span class=\"_ _a0\"> </span>14,622<span class=\"_ _120\"> </span>72,90<span class=\"_ _1\"/>5<span class=\"_ _13\"> </span><span class=\"ff8 fc14\">65,<span class=\"_ _1\"/>288<span class=\"_ _111\"> </span>13,052<span class=\"_ _36\"> </span>78,34<span class=\"_ _1\"/>0</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _db\"> </span>1,22<span class=\"_ _1\"/>7<span class=\"_ _3\"/>,431<span class=\"_ _59\"> </span>538,5<span class=\"_ _1\"/>78<span class=\"_ _14c\"> </span>1,766,009<span class=\"_ _b\"> </span><span class=\"fc14\">1,037<span class=\"_ _7\"/>,920<span class=\"_ _35\"> </span>423,805<span class=\"_ _11c\"> </span>1,461,725</span>Of whi<span class=\"_ _1\"/>ch:Site chara<span class=\"_ _1\"/>cter<span class=\"_ _1\"/>isation<span class=\"_ _20\"> </span>748,499<span class=\"_ _17f\"> </span>425,243<span class=\"_ _34\"> </span>1,<span class=\"_ _6\"/>173,742<span class=\"_ _175\"> </span><span class=\"ff8 fc14\">612,243<span class=\"_ _17f\"> </span>322,525<span class=\"_ _14\"> </span>934,768</span>A<span class=\"_ _1\"/>sset integr<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y<span class=\"_ _11a\"> </span>478,932<span class=\"_ _13\"> </span>113,335<span class=\"_ _9\"> </span>592,267<span class=\"_ _15\"> </span><span class=\"ff8 fc14\">425,67<span class=\"_ _1\"/>7<span class=\"_ _47\"> </span>101,280<span class=\"_ _15\"> </span>526,95<span class=\"_ _1\"/>7</span>In 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, mar<span class=\"_ _1\"/>ket segment<span class=\"_ _1\"/>s have bee<span class=\"_ _1\"/>n redef<span class=\"_ _1\"/>ined, an<span class=\"_ _1\"/>d as a result, the numb<span class=\"_ _1\"/>er of market segme<span class=\"_ _1\"/>nts was re<span class=\"_ _1\"/>duced, cer<span class=\"_ _1\"/>tain rev<span class=\"_ _1\"/>enues were re<span class=\"_ _1\"/>classified and o<span class=\"_ _1\"/>ne segme<span class=\"_ _1\"/>nt was renamed<span class=\"_ _1\"/>.Compar<span class=\"_ _1\"/>ative number<span class=\"_ _1\"/>s have been r<span class=\"_ _1\"/>estated accordingly.Revenue c<span class=\"_ _7\"/>ontrac<span class=\"_ _1\"/>ts were asse<span class=\"_ _6\"/>ssed for re-<span class=\"_ _6\"/>negotiations o<span class=\"_ _7\"/>f terms and c<span class=\"_ _6\"/>onditions<span class=\"_ _6\"/> due to current<span class=\"_ _6\"/> macro-economic en<span class=\"_ _6\"/>vironmen<span class=\"_ _6\"/>t. This incl<span class=\"_ _6\"/>udes the geopolitical u<span class=\"_ _6\"/>ncertainty from exp<span class=\"_ _1\"/>osure to in<span class=\"_ _6\"/>ternati<span class=\"_ _1\"/>onal conflic<span class=\"_ _1\"/>ts<span class=\"_ _1\"/>, supply chain challenges<span class=\"_ _1\"/>, inflatio<span class=\"_ _1\"/>n and interest rate rises, in<span class=\"_ _1\"/>creasing energ<span class=\"_ _1\"/>y costs, salar<span class=\"_ _0\"/>y increases, etc<span class=\"_ _1\"/>. Whilst th<span class=\"_ _1\"/>ese matter<span class=\"_ _1\"/>s could potentiall<span class=\"_ _1\"/>y lead to contr<span class=\"_ _1\"/>act m<span class=\"_ _1\"/>odific<span class=\"_ _1\"/>ations and changes in re<span class=\"_ _1\"/>venue recog<span class=\"_ _1\"/>nition pat<span class=\"_ _1\"/>terns<span class=\"_ _1\"/>, it should be noted t<span class=\"_ _1\"/>hat for existing re<span class=\"_ _1\"/>venue contrac<span class=\"_ _1\"/>ts<span class=\"_ _1\"/>, the ter<span class=\"_ _1\"/>ms and conditions gen<span class=\"_ _1\"/>erally r<span class=\"_ _1\"/>emained unchange<span class=\"_ _1\"/>d. E<span class=\"_ _1\"/>xisting clauses allow t<span class=\"_ _1\"/>he Group to (<span class=\"_ _1\"/>par<span class=\"_ _1\"/>tially) pass on the r<span class=\"_ _1\"/>ising c<span class=\"_ _6\"/>ost burden to customer<span class=\"_ _1\"/>s in unus<span class=\"_ _6\"/>ual scenarios<span class=\"_ _1\"/>. Insofar appli<span class=\"_ _1\"/>cable, on<span class=\"_ _1\"/>erous contra<span class=\"_ _1\"/>ct prov<span class=\"_ _1\"/>isions were created f<span class=\"_ _1\"/>or future pr<span class=\"_ _1\"/>ojec<span class=\"_ _1\"/>t losses. Refe<span class=\"_ _1\"/>rence is made to <span class=\"fc14\">note 3<span class=\"_ _1\"/>2</span><span class=\"ls9e wsa2\"> Provis<span class=\"_ _7\"/>ions for detail<span class=\"_ _6\"/>s. Fugro </span>continuously monito<span class=\"_ _1\"/>rs the tr<span class=\"_ _1\"/>ends to be able to r<span class=\"_ _1\"/>efle<span class=\"_ _1\"/>ct curre<span class=\"_ _1\"/>nt conditions in the ter<span class=\"_ _1\"/>ms of new contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s and update Maste<span class=\"_ _1\"/>r Ser<span class=\"_ _1\"/>vice A<span class=\"_ _1\"/>greeme<span class=\"_ _1\"/>nts. 9.<span class=\"_ _1\"/>2 <span class=\"_ _eb\"> </span><span class=\"ff2 fs3 lsfd ws109\">Unsatis<span class=\"_ _6\"/>fie<span class=\"_ _1\"/>d performance obligations</span>The t<span class=\"_ _1\"/>able bel<span class=\"_ _1\"/>ow present<span class=\"_ _1\"/>s the tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>on price allo<span class=\"_ _1\"/>cated to per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>mance obligations t<span class=\"_ _1\"/>hat are (<span class=\"_ _1\"/>par<span class=\"_ _1\"/>tially) unsatisfied as at 31 D<span class=\"_ _1\"/>ecembe<span class=\"_ _1\"/>r<span class=\"_ _7\"/>. Cer<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ain amounts of var<span class=\"_ _1\"/>iable consider<span class=\"_ _1\"/>ation are not include<span class=\"_ _1\"/>d in the amount<span class=\"_ _1\"/>s presente<span class=\"_ _1\"/>d below as th<span class=\"_ _1\"/>ese are considered to b<span class=\"_ _1\"/>e constraine<span class=\"_ _1\"/>d. The Group applie<span class=\"_ _6\"/>s the practical expedient allowi<span class=\"_ _6\"/>ng not to<span class=\"_ _6\"/> dis<span class=\"_ _6\"/>close i<span class=\"_ _6\"/>nformation<span class=\"_ _6\"/> about remaining p<span class=\"_ _1\"/>erfo<span class=\"_ _1\"/>rmance obligati<span class=\"_ _1\"/>ons that have an original exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted durati<span class=\"_ _1\"/>on of one year or less<span class=\"_ _1\"/>. (E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Wit<span class=\"_ _1\"/>hin one year<span class=\"_ _1ba\"> </span>260,687<span class=\"_ _b4\"> </span><span class=\"ff8 fc14\">175,014</span>Mor<span class=\"_ _1\"/>e than one ye<span class=\"_ _1\"/>ar<span class=\"_ _1bb\"> </span>249,926<span class=\"_ _c0\"> </span><span class=\"ff8 fc14\">119,549</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1bc\"> </span><span class=\"ls2 ws2\">510,613<span class=\"_ _d0\"> </span><span class=\"fc14\">294,563</span></span>The inc<span class=\"_ _1\"/>rease in unsatisfied p<span class=\"_ _1\"/>erf<span class=\"_ _1\"/>ormance obligat<span class=\"_ _1\"/>ions in 20<span class=\"_ _1\"/>22 is exp<span class=\"_ _1\"/>lained by a numbe<span class=\"_ _1\"/>r of high-value contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s signed dur<span class=\"_ _1\"/>ing the year, which are estimated to b<span class=\"_ _1\"/>e completed b<span class=\"_ _1\"/>y 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>5<span class=\"_ _1\"/>. 9.<span class=\"_ _1\"/>3 <span class=\"_ _ee\"> </span><span class=\"ff2 fs3 ls9e wsa2\">Contra<span class=\"_ _1\"/>ct balances</span>The G<span class=\"_ _1\"/>roup has recognise<span class=\"_ _1\"/>d the follo<span class=\"_ _1\"/>wing assets and liabiliti<span class=\"_ _1\"/>es related to contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s with customer<span class=\"_ _1\"/>s:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1bd\"> </span>Note<span class=\"_ _7c\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2<span class=\"_ _1\"/>022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>Unbilled rev<span class=\"_ _6\"/>enue on (<span class=\"_ _7\"/>completed) projects<span class=\"_ _da\"> </span><span class=\"ff8 fsa fc22 ls67 ws6b\">25<span class=\"_ _c0\"> </span></span><span class=\"ls2 ws2\">216,744<span class=\"_ _f9\"> </span><span class=\"ff8 fc14\">186,002</span></span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade receivables25<span class=\"_ _c0\"> </span><span class=\"ff4 fs6 fc2 ls2 ws2\">291,207<span class=\"_ _2b\"> </span><span class=\"ff8 fc14\">24<span class=\"_ _1\"/>0,035</span></span>Adv<span class=\"_ _1\"/>ance instalm<span class=\"_ _1\"/>ents to wo<span class=\"_ _1\"/>rk in pro<span class=\"_ _1\"/>gress33<span class=\"_ _9b\"> </span><span class=\"ff4 fs6 fc2\">(7<span class=\"_ _1\"/>1,508)<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">(50,514)</span></span>1<span class=\"_ _1\"/>0. <span class=\"_ _ce\"> </span><span class=\"ff5 fs6 ls11f ws3b\">T<span class=\"_ _1\"/>HI<span class=\"_ _1\"/>R<span class=\"_ _1\"/>D PAR<span class=\"_ _1\"/>T<span class=\"_ _1\"/>Y COS<span class=\"_ _1\"/>T<span class=\"_ _1\"/>S</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Cost of supplie<span class=\"_ _1\"/>rs<span class=\"_ _119\"> </span>614,719<span class=\"_ _f2\"> </span><span class=\"ff8 fc14\">491,374</span>Le<span class=\"_ _1\"/>ase exp<span class=\"_ _1\"/>ense<span class=\"_ _1\"/>s<span class=\"_ _106\"> </span><span class=\"ls2 ws2\">98,223<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">75,739</span></span>Onerous c<span class=\"_ _6\"/>ontracts<span class=\"_ _1be\"> </span><span class=\"ls2 ws2\">5,739</span>-Ot<span class=\"_ _1\"/>he<span class=\"_ _1\"/>r cost<span class=\"_ _1\"/>s<span class=\"_ _1bf\"> </span><span class=\"ls2 ws2\">8,687<span class=\"_ _21\"> </span><span class=\"ff8 fc14\">18,145</span></span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1c0\"> </span><span class=\"ls43 ws4b\">727<span class=\"_ _3\"/>,368<span class=\"_ _d0\"> </span><span class=\"fc14\">585,258</span></span>Cost of suppliers comp<span class=\"_ _1\"/>rise mainly costs of shor<span class=\"_ _1\"/>t-term third-par<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y equipment hire<span class=\"_ _1\"/>, lease of low-value asset<span class=\"_ _1\"/>s, f<span class=\"_ _1\"/>uel, third-par<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y pe<span class=\"_ _1\"/>rsonnel<span class=\"_ _1\"/>, consumables, and sub-contr<span class=\"_ _1\"/>acte<span class=\"_ _1\"/>d ser<span class=\"_ _1\"/>vices<span class=\"_ _1\"/>. Also includ<span class=\"_ _1\"/>ed are costs of maintenance and o<span class=\"_ _1\"/>per<span class=\"_ _1\"/>ational supplies amounting to E<span class=\"_ _1\"/>UR 3<span class=\"_ _1\"/>0<span class=\"_ _1\"/>.8 million (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 2<span class=\"_ _1\"/>6<span class=\"_ _1\"/>.8 million) direc<span class=\"_ _1\"/>tly re<span class=\"_ _1\"/>lated to proje<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s. Lease e<span class=\"_ _1\"/>xpenses re<span class=\"_ _1\"/>late to shor<span class=\"_ _1\"/>t-<span class=\"_ _7\"/>te<span class=\"_ _1\"/>rm vessel leases an<span class=\"_ _1\"/>d variable l<span class=\"_ _1\"/>ease payment<span class=\"_ _1\"/>s not include<span class=\"_ _1\"/>d in the measureme<span class=\"_ _1\"/>nt of vessel lease liabiliti<span class=\"_ _1\"/>es. O<span class=\"_ _1\"/>ther costs mainl<span class=\"_ _1\"/>y relate to subcontrac<span class=\"_ _1\"/>ted cost at re<span class=\"_ _1\"/>quest of the client which c<span class=\"_ _1\"/>an be rec<span class=\"_ _1\"/>harged to the c<span class=\"_ _1\"/>lient direc<span class=\"_ _1\"/>tly.11<span class=\"_ _1\"/>. <span class=\"_ _eb\"> </span><span class=\"ff5 fs6 ls1ef ws47\">OTHER INC<span class=\"_ _6\"/>OME</span>Ot<span class=\"_ _1\"/>her income consists of income not r<span class=\"_ _1\"/>elated to the ke<span class=\"_ _1\"/>y business acti<span class=\"_ _1\"/>vities of the G<span class=\"_ _1\"/>roup, such a<span class=\"_ _7\"/>s income from the sa<span class=\"_ _6\"/>le of non<span class=\"_ _6\"/>-monetary assets and/<span class=\"_ _6\"/>or liabi<span class=\"_ _7\"/>lities, and/or non-recur<span class=\"_ _1\"/>ring income. L<span class=\"_ _1\"/>icense fees r<span class=\"_ _1\"/>eceived in conn<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>ion with E&amp;<span class=\"_ _1\"/>E assets ar<span class=\"_ _1\"/>e gener<span class=\"_ _1\"/>ally recognise<span class=\"_ _1\"/>d at a point in time wh<span class=\"_ _1\"/>en such fees b<span class=\"_ _1\"/>ecome unconditi<span class=\"_ _1\"/>onal.Gover<span class=\"_ _1\"/>nment grant<span class=\"_ _1\"/>s are recog<span class=\"_ _1\"/>nised initially as defer<span class=\"_ _1\"/>red income at f<span class=\"_ _1\"/>air value whe<span class=\"_ _1\"/>n there is reasonable assurance that t<span class=\"_ _1\"/>hey will be re<span class=\"_ _1\"/>ceived and t<span class=\"_ _1\"/>he Group will compl<span class=\"_ _1\"/>y with the conditions assoc<span class=\"_ _1\"/>iated with th<span class=\"_ _1\"/>e grant. G<span class=\"_ _1\"/>rants t<span class=\"_ _1\"/>hat compensate the G<span class=\"_ _1\"/>roup (p<span class=\"_ _1\"/>art<span class=\"_ _1\"/>ly) for exp<span class=\"_ _1\"/>enses incurred ar<span class=\"_ _1\"/>e recognised in p<span class=\"_ _1\"/>rofit or loss on a s<span class=\"_ _1\"/>ystematic basis in the sam<span class=\"_ _1\"/>e per<span class=\"_ _1\"/>iods in which th<span class=\"_ _1\"/>e expe<span class=\"_ _1\"/>nses are recognised<span class=\"_ _1\"/>. Grant<span class=\"_ _1\"/>s that (<span class=\"_ _1\"/>par<span class=\"_ _1\"/>tly) compensate the Group f<span class=\"_ _1\"/>or the cost of an asset are reco<span class=\"_ _1\"/>gnised in profit o<span class=\"_ _1\"/>r loss on a systemat<span class=\"_ _1\"/>ic basis over the useful life of t<span class=\"_ _1\"/>he asset.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Gov<span class=\"_ _1\"/>ernm<span class=\"_ _1\"/>ent gr<span class=\"_ _1\"/>ants<span class=\"_ _1c1\"> </span><span class=\"ls2 ws2\">4,812<span class=\"_ _20\"> </span><span class=\"ff8 fc14 ls43 ws4b\">8,486</span></span>Gain on sa<span class=\"_ _1\"/>le of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and e<span class=\"_ _1\"/>quipment<span class=\"_ _1d\"> </span>4,<span class=\"_ _7\"/>119<span class=\"_ _92\"> </span><span class=\"ff8 fc14\">7<span class=\"_ _7\"/>,397</span>Sundr<span class=\"_ _1\"/>y incom<span class=\"_ _1\"/>e<span class=\"_ _1c2\"> </span>14,<span class=\"_ _6\"/>116<span class=\"_ _89\"> </span><span class=\"ff8 fc14\">4,162</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1c3\"> </span><span class=\"ls2 ws2\">23,047<span class=\"_ _b4\"> </span><span class=\"fc14 ls43 ws4b\">20,045</span></span>Gover<span class=\"_ _1\"/>nment grant<span class=\"_ _1\"/>s includes t<span class=\"_ _1\"/>ax credit<span class=\"_ _1\"/>s receive<span class=\"_ _1\"/>d on research an<span class=\"_ _1\"/>d developm<span class=\"_ _1\"/>ents and Covid-19 relate<span class=\"_ _1\"/>d governm<span class=\"_ _1\"/>ent suppor<span class=\"_ _1\"/>t. Includ<span class=\"_ _1\"/>ed in gain on sale of pro<span class=\"_ _1\"/>per<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment is a gain on sale an<span class=\"_ _1\"/>d leaseback of EUR 5<span class=\"_ _1\"/>8<span class=\"_ _1\"/>3 thousand<span class=\"_ _1\"/>. Refer to <span class=\"fc14\">N<span class=\"_ _1\"/>ote 20</span><span class=\"ls9e wsa2\"> Leases for more de<span class=\"_ _6\"/>tails.</span>Sundr<span class=\"_ _1\"/>y income inclu<span class=\"_ _1\"/>des a EUR 3<span class=\"_ _1\"/>.1 million gain o<span class=\"_ _1\"/>n disposal of the L<span class=\"_ _1\"/>and Site Chara<span class=\"_ _1\"/>cter<span class=\"_ _1\"/>isation business in Fran<span class=\"_ _1\"/>ce and a EUR 4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>7 million gain from a license fe<span class=\"_ _1\"/>e receive<span class=\"_ _1\"/>d in connec<span class=\"_ _1\"/>tion wit<span class=\"_ _1\"/>h the group\u2019s E&amp;<span class=\"_ _1\"/>E assets. 12<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls37 ws1fa\">PER<span class=\"_ _7\"/>SONN<span class=\"_ _6\"/>EL<span class=\"_ _7\"/> EXPEN<span class=\"_ _7\"/>SES</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1bd\"> </span>Note<span class=\"_ _7c\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2<span class=\"_ _1\"/>022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>Wages and salari<span class=\"_ _1\"/>es<span class=\"_ _8c\"> </span><span class=\"ls2 ws2\">570,543<span class=\"_ _2b\"> </span><span class=\"ff8 fc14\">49<span class=\"_ _1\"/>6,<span class=\"_ _6\"/>405</span></span>Soc<span class=\"_ _1\"/>ial secur<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y contributi<span class=\"_ _1\"/>ons<span class=\"_ _1c5\"> </span>53,183<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">45,319</span>Equity-se<span class=\"_ _6\"/>ttle<span class=\"_ _1\"/>d s<span class=\"_ _6\"/>hare-ba<span class=\"_ _6\"/>sed payments14<span class=\"_ _92\"> </span><span class=\"ff4 fs6 fc2\">6,106<span class=\"_ _5d\"> </span><span class=\"ff8 fc14\">4,939</span></span>E<span class=\"_ _1\"/>xpense r<span class=\"_ _1\"/>elated to def<span class=\"_ _1\"/>ined co<span class=\"_ _1\"/>ntributi<span class=\"_ _1\"/>on plans<span class=\"_ _1c6\"> </span>30,649<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">29,742</span>E<span class=\"_ _1\"/>xpense / (<span class=\"_ _1\"/>gain) relate<span class=\"_ _1\"/>d to def<span class=\"_ _1\"/>ined be<span class=\"_ _1\"/>nefit p<span class=\"_ _1\"/>lans31<span class=\"_ _d1\"> </span><span class=\"ff4 fs6 fc2\">1,120<span class=\"_ _7a\"> </span><span class=\"ff8 fc14\">418</span></span>Increase/(<span class=\"_ _7\"/>decrease)<span class=\"_ _6\"/> in li<span class=\"_ _6\"/>abili<span class=\"_ _6\"/>t<span class=\"_ _1\"/>y for<span class=\"_ _6\"/> long serv<span class=\"_ _1\"/>ic<span class=\"_ _6\"/>e leave31<span class=\"_ _92\"> </span><span class=\"ff4 fs6 fc2\">4,014<span class=\"_ _8e\"> </span><span class=\"ff8 fc14\">1,<span class=\"_ _7\"/>113</span></span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1c7\"> </span><span class=\"ls2 ws2\">665,615<span class=\"_ _f9\"> </span><span class=\"fc14\">5<span class=\"_ _1\"/>77<span class=\"_ _7\"/>,936</span></span>13<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls37 ws207\">EMP<span class=\"_ _7\"/>LO<span class=\"_ _7\"/>YEES</span>The tot<span class=\"_ _1\"/>al number of full-time equi<span class=\"_ _1\"/>valent (F<span class=\"_ _1\"/>T<span class=\"_ _1\"/>E<span class=\"_ _1\"/>) employee<span class=\"_ _1\"/>s as at 31 Decemb<span class=\"_ _1\"/>er and aver<span class=\"_ _1\"/>age number fo<span class=\"_ _1\"/>r the year is as follow<span class=\"_ _1\"/>s:2022<span class=\"_ _a5\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span>Nether<span class=\"_ _6\"/><span class=\"ls2 ws2\">-</span>Ot<span class=\"_ _1\"/>her Nether<span class=\"_ _6\"/><span class=\"ls2 ws2\">-</span>Ot<span class=\"_ _1\"/>her landscountries<span class=\"_ _c0\"> </span><span class=\"ls1b5 ws1b9\">Tot<span class=\"_ _6\"/>al</span>landscountries<span class=\"_ _c0\"> </span><span class=\"ls1b5 ws1b9\">Tot<span class=\"_ _6\"/>al</span>T<span class=\"_ _6\"/>echnical s<span class=\"_ _1\"/>taff<span class=\"_ _1c8\"> </span>741<span class=\"_ _17b\"> </span>6,473<span class=\"_ _c0\"> </span>7<span class=\"_ _7\"/>,214<span class=\"_ _6e\"> </span>699<span class=\"_ _86\"> </span><span class=\"ls2 ws2\">6,352<span class=\"_ _c0\"> </span>7<span class=\"_ _3\"/>,0<span class=\"_ _1\"/>51</span>Manag<span class=\"_ _1\"/>ement and administr<span class=\"_ _1\"/>ative st<span class=\"_ _1\"/>aff<span class=\"_ _f7\"> </span>264<span class=\"_ _37\"> </span>1,<span class=\"_ _1\"/>218<span class=\"_ _fa\"> </span><span class=\"ls1e1 ws1e7\">1<span class=\"_ _1\"/>,48<span class=\"_ _1\"/>2<span class=\"_ _20\"> </span></span><span class=\"ff8 fc14\">241<span class=\"_ _c0\"> </span>1,198<span class=\"_ _fa\"> </span>1,439</span>T<span class=\"_ _6\"/>empor<span class=\"_ _1\"/>ar<span class=\"_ _1\"/>y and <span class=\"ls2 ws2\"> </span>contract staff<span class=\"_ _f0\"> </span>226<span class=\"_ _24\"> </span>479<span class=\"_ _21\"> </span>705<span class=\"_ _1c9\"> </span>169<span class=\"_ _22\"> </span><span class=\"ls2 ws2\">343<span class=\"_ _61\"> </span>512</span>Total num<span class=\"_ _1\"/>ber of emp<span class=\"_ _1\"/>loyee<span class=\"_ _1\"/>s at 31 December<span class=\"_ _1b5\"> </span>1,2<span class=\"_ _1\"/>31<span class=\"_ _fa\"> </span>8,170<span class=\"_ _86\"> </span>9,401<span class=\"_ _37\"> </span><span class=\"fc14\">1,109<span class=\"_ _f9\"> </span>7<span class=\"_ _7\"/>,893<span class=\"_ _17c\"> </span>9,0<span class=\"_ _1\"/>02</span>Aver<span class=\"_ _1\"/>age numb<span class=\"_ _1\"/>er  of emplo<span class=\"_ _1\"/>yees durin<span class=\"_ _1\"/>g  the ye<span class=\"_ _1\"/>ar<span class=\"_ _1ca\"> </span>1,<span class=\"_ _6\"/>170<span class=\"_ _2b\"> </span>8,032<span class=\"_ _39\"> </span>9,202<span class=\"_ _a1\"> </span><span class=\"ff8 fc14\">1,115<span class=\"_ _f2\"> </span><span class=\"ls1fd ws20a\">7,<span class=\"_ _0\"/>9<span class=\"_ _0\"/>6<span class=\"_ _1\"/>1<span class=\"_ _17b\"> </span></span>9,076</span>14<span class=\"_ _1\"/>. <span class=\"_ _ce\"> </span><span class=\"ff5 fs6 lsf7 ws103\">SHARE<span class=\"_ _16\"> </span><span class=\"ls1ef ws47\">BASED P<span class=\"_ _7\"/>A<span class=\"_ _7\"/>YME<span class=\"_ _1\"/>NTS</span></span>The G<span class=\"_ _1\"/>roup currentl<span class=\"_ _1\"/>y has two a<span class=\"_ _1\"/>ctiv<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y-<span class=\"_ _6\"/>set<span class=\"_ _1\"/>tled share<span class=\"_ _1\"/>-based payment ar<span class=\"_ _1\"/>range<span class=\"_ _1\"/>ments under the long<span class=\"_ _6\"/>-term i<span class=\"_ _7\"/>ncentive plan<span class=\"_ _6\"/>: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>per<span class=\"_ _1\"/>formanc<span class=\"_ _6\"/>e sh<span class=\"_ _6\"/>ares, open for the Board o<span class=\"_ _6\"/>f Management, Executive Leadership T<span class=\"_ _7\"/>eam and other selected senior employees <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>restr<span class=\"_ _1\"/>icte<span class=\"_ _1\"/>d share units, o<span class=\"_ _1\"/>pen for e<span class=\"_ _1\"/>ligible and othe<span class=\"_ _1\"/>r selec<span class=\"_ _1\"/>ted emp<span class=\"_ _1\"/>loyeesAddit<span class=\"_ _1\"/>ionally, the Group p<span class=\"_ _1\"/>reviously op<span class=\"_ _1\"/>erate<span class=\"_ _1\"/>d the follo<span class=\"_ _1\"/>wing plans, whic<span class=\"_ _1\"/>h are par<span class=\"_ _1\"/>tly still vesting: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>restr<span class=\"_ _1\"/>icte<span class=\"_ _1\"/>d shares (Bo<span class=\"_ _1\"/>ard of Managem<span class=\"_ _1\"/>ent, 2<span class=\"_ _1\"/>01<span class=\"_ _1\"/>8 grant only) <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>share<span class=\"_ _6\"/> options, inc<span class=\"_ _6\"/>luding<span class=\"_ _6\"/> perfor<span class=\"_ _1\"/>manc<span class=\"_ _7\"/>e options open for the Board and<span class=\"_ _6\"/> Management, E<span class=\"_ _1\"/>xecutive L<span class=\"_ _1\"/>eader<span class=\"_ _1\"/>ship T<span class=\"_ _7\"/>eam an<span class=\"_ _1\"/>d other sel<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d senior em<span class=\"_ _1\"/>ployees<span class=\"_ _1\"/>, and regular share options, open for eli<span class=\"_ _6\"/>gible a<span class=\"_ _6\"/>nd selected other employees for gran<span class=\"_ _6\"/>ts up to 2021The cost of equit<span class=\"_ _1\"/>y-set<span class=\"_ _1\"/>tled share-base<span class=\"_ _1\"/>d payment ar<span class=\"_ _1\"/>range<span class=\"_ _1\"/>ments is deter<span class=\"_ _1\"/>mined by th<span class=\"_ _1\"/>e fair value at th<span class=\"_ _1\"/>e date when the gr<span class=\"_ _1\"/>ant is made. Se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vice and non-market p<span class=\"_ _1\"/>erf<span class=\"_ _1\"/>ormance conditions are n<span class=\"_ _1\"/>ot taken into account when deter<span class=\"_ _1\"/>mining the gr<span class=\"_ _1\"/>ant date fair value of awards<span class=\"_ _1\"/>, but the likelihoo<span class=\"_ _1\"/>d of the conditi<span class=\"_ _1\"/>ons being met is assessed as par<span class=\"_ _1\"/>t of th<span class=\"_ _1\"/>e company<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s best est<span class=\"_ _1\"/>imate of the number of e<span class=\"_ _1\"/>quity instr<span class=\"_ _1\"/>uments t<span class=\"_ _1\"/>hat will ultimately vest<span class=\"_ _1\"/>. Market p<span class=\"_ _1\"/>er<span class=\"_ _1\"/>formance conditi<span class=\"_ _1\"/>ons are refl<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d within the gr<span class=\"_ _1\"/>ant date fair valu<span class=\"_ _1\"/>e.If awards<span class=\"_ _6\"/> do not ve<span class=\"_ _6\"/>st, due to non-<span class=\"_ _7\"/>market condi<span class=\"_ _6\"/>tions and/<span class=\"_ _7\"/>or ser<span class=\"_ _1\"/>vice c<span class=\"_ _6\"/>onditions<span class=\"_ _6\"/> not being met<span class=\"_ _1\"/>, no exp<span class=\"_ _1\"/>ense is recognised<span class=\"_ _1\"/>. Awards that inc<span class=\"_ _1\"/>lude a market conditio<span class=\"_ _1\"/>n are treated as vested ir<span class=\"_ _1\"/>respec<span class=\"_ _1\"/>tive of whe<span class=\"_ _1\"/>ther the mar<span class=\"_ _1\"/>ket condition is satisfi<span class=\"_ _1\"/>ed, prov<span class=\"_ _1\"/>ided that all ot<span class=\"_ _1\"/>her (<span class=\"_ _6\"/>non-m<span class=\"_ _6\"/>arket) performance c<span class=\"_ _6\"/>ondition<span class=\"_ _6\"/>s and/or<span class=\"_ _6\"/> ser<span class=\"_ _1\"/>vice<span class=\"_ _6\"/> condi<span class=\"_ _6\"/>tions are<span class=\"_ _6\"/> satis<span class=\"_ _7\"/>f<span class=\"_ _1\"/>ied.The gr<span class=\"_ _1\"/>ant<span class=\"_ _6\"/>-date fair v<span class=\"_ _1\"/>alue of equit<span class=\"_ _1\"/>y-settle<span class=\"_ _1\"/>d share-based pay<span class=\"_ _1\"/>ment awards gr<span class=\"_ _1\"/>anted to employe<span class=\"_ _1\"/>es is recognise<span class=\"_ _1\"/>d as personn<span class=\"_ _1\"/>el exp<span class=\"_ _1\"/>ense, with a cor<span class=\"_ _1\"/>responding incr<span class=\"_ _1\"/>ease in equit<span class=\"_ _1\"/>y, over the ves<span class=\"_ _1\"/>ting per<span class=\"_ _1\"/>iod of the aw<span class=\"_ _1\"/>ard. Th<span class=\"_ _1\"/>e cumulative expe<span class=\"_ _1\"/>nse recognised f<span class=\"_ _1\"/>or equit<span class=\"_ _1\"/>y-set<span class=\"_ _1\"/>tled t<span class=\"_ _1\"/>ransac<span class=\"_ _1\"/>tions at each re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ting date until the ves<span class=\"_ _1\"/>ting date refl<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>s the ex<span class=\"_ _1\"/>tent to which th<span class=\"_ _1\"/>e vesting per<span class=\"_ _1\"/>iod has exp<span class=\"_ _1\"/>ired and th<span class=\"_ _1\"/>e company\u2019s best est<span class=\"_ _1\"/>imate of the number of equit<span class=\"_ _1\"/>y shares that will ultimatel<span class=\"_ _1\"/>y vest.14<span class=\"_ _1\"/>.1 <span class=\"_ _ce\"> </span><span class=\"ff2 fs3 lsfa ws106\">Per<span class=\"_ _1\"/>form<span class=\"_ _1\"/>ance shares</span>Ve<span class=\"_ _6\"/>sting i<span class=\"_ _6\"/>s su<span class=\"_ _6\"/>bject to con<span class=\"_ _6\"/>tinuou<span class=\"_ _6\"/>s employment a<span class=\"_ _6\"/>nd performance meas<span class=\"_ _7\"/>urement. The p<span class=\"_ _1\"/>er<span class=\"_ _1\"/>formance pe<span class=\"_ _1\"/>riod is thre<span class=\"_ _1\"/>e years st<span class=\"_ _1\"/>ar<span class=\"_ _1\"/>ting on 1 Januar<span class=\"_ _1\"/>y in th<span class=\"_ _1\"/>e year of the gr<span class=\"_ _1\"/>ant. Vested per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>mance shares have a holding (<span class=\"_ _1\"/>lock-up<span class=\"_ _7\"/>) p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d of 2 years and may b<span class=\"_ _1\"/>e par<span class=\"_ _1\"/>tly sold onl<span class=\"_ _1\"/>y to meet t<span class=\"_ _1\"/>ax require<span class=\"_ _1\"/>ments at vest<span class=\"_ _1\"/>ing (\u2018sell-to-cover\u2019<span class=\"_ _1\"/>).The ma<span class=\"_ _1\"/>ximum number of p<span class=\"_ _1\"/>erfo<span class=\"_ _1\"/>rmance shares that can vest af<span class=\"_ _1\"/>ter thr<span class=\"_ _1\"/>ee years e<span class=\"_ _1\"/>quals 17<span class=\"_ _1\"/>5% of the conditi<span class=\"_ _1\"/>onally grante<span class=\"_ _1\"/>d number of shares (only in case maximum pe<span class=\"_ _1\"/>rfo<span class=\"_ _1\"/>rmance is achieve<span class=\"_ _1\"/>d on all criter<span class=\"_ _1\"/>ia<span class=\"_ _6\"/>). The p<span class=\"_ _1\"/>er<span class=\"_ _1\"/>formance targ<span class=\"_ _1\"/>ets and t<span class=\"_ _1\"/>heir relative w<span class=\"_ _1\"/>eights fo<span class=\"_ _1\"/>r the grant<span class=\"_ _1\"/>s made unde<span class=\"_ _1\"/>r the plan are as foll<span class=\"_ _1\"/>ows:Relative we<span class=\"_ _1\"/>ight<span class=\"_ _1\"/>s in Performance metric2022T<span class=\"_ _7\"/>otal Shareholder Return<span class=\"_ _1bf\"> </span><span class=\"ls2 ws2\">37<span class=\"_ _7\"/>.5<span class=\"_ _1\"/>%</span>Retur<span class=\"_ _1\"/>n on Capi<span class=\"_ _1\"/>tal Empl<span class=\"_ _1\"/>oyed<span class=\"_ _1cb\"> </span>37<span class=\"_ _7\"/>.5<span class=\"_ _1\"/>%Strate<span class=\"_ _1\"/>gic tar<span class=\"_ _1\"/>gets<span class=\"_ _1cc\"> </span>25.0<span class=\"_ _1\"/>%The p<span class=\"_ _1\"/>er<span class=\"_ _1\"/>formance targ<span class=\"_ _1\"/>ets are discussed in t<span class=\"_ _1\"/>he Remuner<span class=\"_ _1\"/>ation Re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>t and def<span class=\"_ _1\"/>ined in the G<span class=\"_ _1\"/>lo<span class=\"_ _1\"/>ss<span class=\"_ _1\"/>ar<span class=\"_ _0\"/>y.A summar<span class=\"_ _1\"/>y of per<span class=\"_ _1\"/>forman<span class=\"_ _1\"/>ce shares movements an<span class=\"_ _1\"/>d outst<span class=\"_ _1\"/>anding balance as at 31 D<span class=\"_ _1\"/>ecember is pres<span class=\"_ _1\"/>ented bel<span class=\"_ _1\"/>ow.2022<span class=\"_ _9e\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span>Wei<span class=\"_ _1\"/>ghte<span class=\"_ _1\"/>d Wei<span class=\"_ _1\"/>ghte<span class=\"_ _1\"/>d aver<span class=\"_ _1\"/>age aver<span class=\"_ _1\"/>age Nu<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r of gr<span class=\"_ _1\"/>ant da<span class=\"_ _1\"/>te Nu<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r of gr<span class=\"_ _1\"/>ant da<span class=\"_ _1\"/>te sharesfair valuesharesfair valuePer<span class=\"_ _1\"/>formance shares outs<span class=\"_ _1\"/>tanding at 1 Januar<span class=\"_ _1\"/>y<span class=\"_ _a1\"> </span>826,724<span class=\"_ _6f\"> </span>12.12<span class=\"_ _cc\"> </span><span class=\"ff8 fc14\"> 5<span class=\"_ _1\"/>30,929 <span class=\"_ _e3\"> </span> 17<span class=\"_ _7\"/>.9<span class=\"_ _1\"/>6 </span>Gr<span class=\"_ _1\"/>anted durin<span class=\"_ _1\"/>g the pe<span class=\"_ _1\"/>riod<span class=\"_ _98\"> </span>435,75<span class=\"_ _1\"/>0<span class=\"_ _b3\"> </span>10.73<span class=\"_ _35\"> </span><span class=\"ff8 fc14\">424,500<span class=\"_ _9b\"> </span>9.03</span>Fo<span class=\"_ _1\"/>rfe<span class=\"_ _1\"/>ited durin<span class=\"_ _1\"/>g the pe<span class=\"_ _1\"/>riod<span class=\"_ _1a8\"> </span>28,866<span class=\"_ _9b\"> </span>9.64<span class=\"_ _13d\"> </span><span class=\"ff8 fc14\">72,584<span class=\"_ _c0\"> </span>21.81</span>Vested durin<span class=\"_ _1\"/>g the pe<span class=\"_ _1\"/>riod<span class=\"_ _3b\"> </span>70,<span class=\"_ _7\"/>4<span class=\"_ _1\"/>59<span class=\"_ _17b\"> </span>18.5<span class=\"_ _1\"/>0<span class=\"_ _17c\"> </span><span class=\"ff8 fc14\">5<span class=\"_ _1\"/>6,<span class=\"_ _7\"/>121<span class=\"_ _f2\"> </span>25.13</span>Per<span class=\"_ _1\"/>fo<span class=\"_ _1\"/>rma<span class=\"_ _1\"/>nce shar<span class=\"_ _1\"/>es out<span class=\"_ _1\"/>sta<span class=\"_ _1\"/>ndin<span class=\"_ _1\"/>g at 31 December<span class=\"_ _1cd\"> </span>1,<span class=\"_ _6\"/>163,147<span class=\"_ _c0\"> </span>11.27<span class=\"_ _59\"> </span><span class=\"fc14\">826,724<span class=\"_ _6f\"> </span>12.<span class=\"_ _7\"/>12</span>The gr<span class=\"_ _1\"/>ant date fair value of t<span class=\"_ _1\"/>he por<span class=\"_ _1\"/>tio<span class=\"_ _1\"/>n with a TSR mar<span class=\"_ _1\"/>ket per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>mance condition, a market pe<span class=\"_ _1\"/>rfo<span class=\"_ _1\"/>rmance condition<span class=\"_ _1\"/>, has bee<span class=\"_ _1\"/>n derive<span class=\"_ _1\"/>d using a Monte Car<span class=\"_ _1\"/>lo simulation mod<span class=\"_ _1\"/>el. The f<span class=\"_ _1\"/>air value of the p<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tion w<span class=\"_ _1\"/>ith a ROC<span class=\"_ _1\"/>E or a strate<span class=\"_ _1\"/>gic per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>mance condition is equal to the share pr<span class=\"_ _1\"/>ice at date of grant adjusted for e<span class=\"_ _1\"/>xpec<span class=\"_ _1\"/>ted div<span class=\"_ _1\"/>idends during t<span class=\"_ _1\"/>he vesting pe<span class=\"_ _1\"/>riod<span class=\"_ _1\"/>.The signif<span class=\"_ _1\"/>icant inputs into th<span class=\"_ _1\"/>e valuation m<span class=\"_ _1\"/>odel are (<span class=\"_ _1\"/>including the ac<span class=\"_ _1\"/>tual histori<span class=\"_ _1\"/>cal share prices at th<span class=\"_ _1\"/>e date of grant):2022<span class=\"_ _9a\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span>Perf<span class=\"_ _1\"/>ormance Shares<span class=\"_ _8d\"> </span>Per<span class=\"_ _1\"/>formance SharesShare pr<span class=\"_ _1\"/>ice (in EU<span class=\"_ _1\"/>R)<span class=\"_ _1ce\"> </span><span class=\"ff8\">8.35 \u2013 11.02<span class=\"_ _1cf\"> </span></span><span class=\"fc14\">8.96 \u2013 9.13</span>Volatilit<span class=\"_ _1\"/>y (%)<span class=\"_ _1d0\"> </span><span class=\"ff8 ls2 ws2\">62.2<span class=\"_ _0\"/>% </span>- 62.6<span class=\"_ _1\"/>%<span class=\"_ _99\"> </span><span class=\"ff4 fc14\">60.9<span class=\"_ _0\"/>% </span>- 62.7<span class=\"_ _0\"/>%Dividend yield (%)<span class=\"_ _1d1\"> </span><span class=\"ff8 ls2 ws2\">0.0<span class=\"_ _1\"/>%<span class=\"_ _1d2\"> </span><span class=\"ff4 fc14\">0.0<span class=\"_ _1\"/>%</span></span>Vesting pe<span class=\"_ _1\"/>rio<span class=\"_ _1\"/>d (in years)<span class=\"_ _af\"> </span><span class=\"ff8\">2.75 </span>- 2.85<span class=\"_ _1d3\"> </span><span class=\"ff4 fc14\">2.64 \u2013 2.84</span>Risk-<span class=\"_ _6\"/>fre<span class=\"_ _1\"/>e interest r<span class=\"_ _1\"/>ate (%)<span class=\"_ _1d4\"> </span><span class=\"ff8\">(0.296)% </span>- 0.<span class=\"_ _6\"/>135<span class=\"_ _1\"/>%<span class=\"_ _d2\"> </span><span class=\"ff4 fc14\">(0.66)% </span>- (0.70)%Remaini<span class=\"_ _6\"/>ng performance period <span class=\"ls2 ws2\"> </span>(<span class=\"_ _1\"/>in<span class=\"_ _1\"/> y<span class=\"_ _1\"/>e<span class=\"_ _1\"/>a<span class=\"_ _1\"/>r<span class=\"_ _1\"/>s)<span class=\"_ _1d5\"> </span><span class=\"ff8 ls2 ws2\">2.75 </span>- 2.85<span class=\"_ _1d3\"> </span><span class=\"ff4 fc14\">2.64 \u2013 2.84</span>The ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted volat<span class=\"_ _1\"/>ility is base<span class=\"_ _1\"/>d on the annualised histor<span class=\"_ _1\"/>ical volatilit<span class=\"_ _1\"/>y pr<span class=\"_ _1\"/>ior to the date of grant c<span class=\"_ _6\"/>orrespondin<span class=\"_ _6\"/>g with the rema<span class=\"_ _6\"/>inin<span class=\"_ _6\"/>g perfor<span class=\"_ _1\"/>manc<span class=\"_ _7\"/>e per<span class=\"_ _1\"/>iod, and the d<span class=\"_ _6\"/>ividend yield is<span class=\"_ _6\"/> estimated b<span class=\"_ _1\"/>ased on the histor<span class=\"_ _1\"/>ic divide<span class=\"_ _1\"/>nd yield o<span class=\"_ _1\"/>n Fugro shares at the date of gr<span class=\"_ _1\"/>ant.The tot<span class=\"_ _1\"/>al expe<span class=\"_ _1\"/>nse recognised in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 relate<span class=\"_ _1\"/>d to per<span class=\"_ _1\"/>formance shares amo<span class=\"_ _1\"/>unted to EU<span class=\"_ _1\"/>R 3,9<span class=\"_ _1\"/>20<span class=\"_ _1\"/>,2<span class=\"_ _1\"/>3<span class=\"_ _1\"/>4 (2<span class=\"_ _1\"/>021<span class=\"_ _1\"/>: EU<span class=\"_ _1\"/>R 3,<span class=\"_ _1\"/>2<span class=\"_ _1\"/>97,45<span class=\"_ _1\"/>2). 14<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 <span class=\"_ _d\"> </span><span class=\"ff2 fs3 ls2 ws2\">Rest<span class=\"_ _1\"/>ric<span class=\"_ _1\"/>ted S<span class=\"_ _1\"/>hare Un<span class=\"_ _1\"/>it pla<span class=\"_ _1\"/>n</span>A Restr<span class=\"_ _1\"/>icte<span class=\"_ _1\"/>d Shared Unit (<span class=\"_ _1\"/>RSU<span class=\"_ _1\"/>) entitles t<span class=\"_ _1\"/>he employe<span class=\"_ _1\"/>e to receive a numb<span class=\"_ _1\"/>er of Fugro shares. RSU<span class=\"_ _1\"/>\u2019s vest when an emp<span class=\"_ _1\"/>loyee re<span class=\"_ _1\"/>mains employed by Fu<span class=\"_ _1\"/>gro or one of it<span class=\"_ _1\"/>s subsidiaries for three y<span class=\"_ _1\"/>ears follo<span class=\"_ _1\"/>wing the gr<span class=\"_ _1\"/>ant date. There ar<span class=\"_ _1\"/>e no other vest<span class=\"_ _1\"/>ing conditions<span class=\"_ _1\"/>. The Bo<span class=\"_ _1\"/>ard of Manage<span class=\"_ _1\"/>ment and the Sup<span class=\"_ _1\"/>er<span class=\"_ _1\"/>visor<span class=\"_ _1\"/>y B<span class=\"_ _1\"/>oard dec<span class=\"_ _1\"/>ide annually on the gr<span class=\"_ _1\"/>anting of RSU<span class=\"_ _1\"/>\u2019s. The gr<span class=\"_ _1\"/>ant date fair value of t<span class=\"_ _1\"/>he RSU<span class=\"_ _1\"/>\u2019s is the share price at the date of gr<span class=\"_ _1\"/>ant adjusted for exp<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d divide<span class=\"_ _1\"/>nds during the vest<span class=\"_ _1\"/>ing peri<span class=\"_ _1\"/>od (20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2: EU<span class=\"_ _1\"/>R 11<span class=\"_ _1\"/>.0<span class=\"_ _1\"/>2).A summar<span class=\"_ _1\"/>y of RSU movem<span class=\"_ _1\"/>ents and t<span class=\"_ _1\"/>he outst<span class=\"_ _1\"/>anding balance as at 31 D<span class=\"_ _1\"/>ecember is presente<span class=\"_ _1\"/>d below.2022<span class=\"_ _9e\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span>Wei<span class=\"_ _1\"/>ghte<span class=\"_ _1\"/>d Wei<span class=\"_ _1\"/>ghte<span class=\"_ _1\"/>d aver<span class=\"_ _1\"/>age  aver<span class=\"_ _1\"/>age Nu<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r of gr<span class=\"_ _1\"/>ant da<span class=\"_ _1\"/>te Nu<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r of gr<span class=\"_ _1\"/>ant da<span class=\"_ _1\"/>te sharesfair valuesharesfair valueRSU\u2019s outstanding at 1 Janu<span class=\"_ _6\"/>ar<span class=\"_ _1\"/>y<span class=\"_ _1d6\"> </span><span class=\"ff4 fs6 ls2 ws2\">374,357<span class=\"_ _b4\"> </span>9.08</span>-<span class=\"_ _47\"> </span>-Gr<span class=\"_ _1\"/>anted durin<span class=\"_ _1\"/>g the pe<span class=\"_ _1\"/>riod<span class=\"_ _1d7\"> </span>384,644<span class=\"_ _6f\"> </span>11.02<span class=\"_ _35\"> </span><span class=\"ff8 fc14\">385,032<span class=\"_ _b4\"> </span>9.08</span>Fo<span class=\"_ _1\"/>rfe<span class=\"_ _1\"/>ited durin<span class=\"_ _1\"/>g the pe<span class=\"_ _1\"/>riod<span class=\"_ _1d8\"> </span>27<span class=\"_ _7\"/>,<span class=\"_ _7\"/>400<span class=\"_ _a1\"> </span>9.47<span class=\"_ _a0\"> </span><span class=\"ff8 fc14\">10,675<span class=\"_ _b4\"> </span>9.08</span>Vested dur<span class=\"_ _1\"/>ing the pe<span class=\"_ _1\"/>rio<span class=\"_ _1\"/>d<span class=\"_ _3f\"> </span>3,290<span class=\"_ _b4\"> </span>9.08-<span class=\"_ _47\"> </span>-RSU<span class=\"_ _1\"/>\u2019s ou<span class=\"_ _1\"/>tst<span class=\"_ _1\"/>andin<span class=\"_ _1\"/>g at 31 D<span class=\"_ _1\"/>ecem<span class=\"_ _1\"/>ber<span class=\"_ _25\"> </span>728,311<span class=\"_ _37\"> </span>10.10<span class=\"_ _17f\"> </span><span class=\"fc14\">374,357<span class=\"_ _6f\"> </span>9.08</span>The tot<span class=\"_ _1\"/>al expe<span class=\"_ _1\"/>nse recognised in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 relate<span class=\"_ _1\"/>d to RSU<span class=\"_ _1\"/>\u2019s amounted to EUR 1<span class=\"_ _1\"/>,97<span class=\"_ _0\"/>7<span class=\"_ _7\"/>,<span class=\"_ _1\"/>4<span class=\"_ _1\"/>09  (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 74<span class=\"_ _1\"/>4<span class=\"_ _1\"/>,6<span class=\"_ _1\"/>3<span class=\"_ _1\"/>6).14<span class=\"_ _1\"/>.<span class=\"_ _1\"/>3 <span class=\"_ _d\"> </span><span class=\"ff2 fs3 lsfa ws106\">Restric<span class=\"_ _1\"/>ted shares</span>No res<span class=\"_ _1\"/>tric<span class=\"_ _1\"/>ted shares have be<span class=\"_ _1\"/>en granted since 2<span class=\"_ _1\"/>01<span class=\"_ _1\"/>8. A summar<span class=\"_ _1\"/>y of rest<span class=\"_ _1\"/>ric<span class=\"_ _1\"/>ted share moveme<span class=\"_ _1\"/>nts and the o<span class=\"_ _1\"/>utstan<span class=\"_ _1\"/>ding balance as at 31 De<span class=\"_ _1\"/>cember is presente<span class=\"_ _1\"/>d belo<span class=\"_ _1\"/>w.2022<span class=\"_ _9e\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span>Wei<span class=\"_ _1\"/>ghte<span class=\"_ _1\"/>d Wei<span class=\"_ _1\"/>ghte<span class=\"_ _1\"/>d aver<span class=\"_ _1\"/>age  aver<span class=\"_ _1\"/>age Nu<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r of gr<span class=\"_ _1\"/>ant da<span class=\"_ _1\"/>te Nu<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r of gr<span class=\"_ _1\"/>ant da<span class=\"_ _1\"/>te sharesfair valuesharesfair valueRestricted shares outstanding at 1<span class=\"_ _6\"/> Januar<span class=\"_ _1\"/>y<span class=\"_ _5d\"> </span>58,93<span class=\"_ _1\"/>4<span class=\"_ _39\"> </span>23.82<span class=\"_ _32\"> </span><span class=\"ff8 fc14\"> 10<span class=\"_ _1\"/>5,334 <span class=\"_ _10b\"> </span> 24.5<span class=\"_ _1\"/>3 </span>Gr<span class=\"_ _1\"/>anted durin<span class=\"_ _1\"/>g the pe<span class=\"_ _1\"/>riod-<span class=\"_ _47\"> </span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-<span class=\"_ _47\"> </span>-</span>Fo<span class=\"_ _1\"/>rfe<span class=\"_ _1\"/>ited durin<span class=\"_ _1\"/>g the pe<span class=\"_ _1\"/>riod-<span class=\"_ _47\"> </span>-1,850<span class=\"_ _9f\"> </span> 25.43 Vested durin<span class=\"_ _1\"/>g the pe<span class=\"_ _1\"/>riod<span class=\"_ _177\"> </span>12,783<span class=\"_ _38\"> </span>24.14<span class=\"_ _12\"> </span><span class=\"ff8 fc14\">44,55<span class=\"_ _1\"/>0<span class=\"_ _e3\"> </span> 25.43 </span>Res<span class=\"_ _1\"/>tric<span class=\"_ _1\"/>te<span class=\"_ _1\"/>d share<span class=\"_ _1\"/>s out<span class=\"_ _1\"/>stan<span class=\"_ _1\"/>ding a<span class=\"_ _1\"/>t 31 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _e3\"> </span>46,151<span class=\"_ _39\"> </span>2<span class=\"_ _1\"/>3.74<span class=\"_ _f3\"> </span><span class=\"fc14\">5<span class=\"_ _1\"/>8,934<span class=\"_ _d0\"> </span>2<span class=\"_ _1\"/>3.82</span>The tot<span class=\"_ _1\"/>al expe<span class=\"_ _1\"/>nse recognised in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 relate<span class=\"_ _1\"/>d to restric<span class=\"_ _1\"/>ted shares amo<span class=\"_ _1\"/>unted to EUR nil (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 1<span class=\"_ _1\"/>83<span class=\"_ _1\"/>,9<span class=\"_ _1\"/>56).14<span class=\"_ _1\"/>.<span class=\"_ _1\"/>4 <span class=\"_ _c\"> </span><span class=\"ff2 fs3 ls12b ws13a\">Options</span>Perfor<span class=\"_ _1\"/>mance<span class=\"_ _7\"/> optionsNo p<span class=\"_ _1\"/>erf<span class=\"_ _1\"/>ormance optio<span class=\"_ _1\"/>ns were grante<span class=\"_ _1\"/>d since 201<span class=\"_ _1\"/>6<span class=\"_ _1\"/>. The last remaining p<span class=\"_ _1\"/>er<span class=\"_ _1\"/>formance opti<span class=\"_ _1\"/>ons vested in 2<span class=\"_ _1\"/>01<span class=\"_ _1\"/>9. No expe<span class=\"_ _1\"/>nse was recognise<span class=\"_ _1\"/>d for per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>mance options in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 and 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>. As at 3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, nil p<span class=\"_ _1\"/>erf<span class=\"_ _1\"/>ormance optio<span class=\"_ _1\"/>ns were out<span class=\"_ _1\"/>standing (2<span class=\"_ _1\"/>021<span class=\"_ _1\"/>: 24<span class=\"_ _1\"/>,7<span class=\"_ _1\"/>93). The per<span class=\"_ _1\"/>formanc<span class=\"_ _6\"/>e option<span class=\"_ _6\"/>s expired on 31 December 202<span class=\"_ _1\"/>2.  Share optionsNo share opt<span class=\"_ _1\"/>ions were gr<span class=\"_ _1\"/>anted since 20<span class=\"_ _1\"/>20<span class=\"_ _1\"/>. The share opti<span class=\"_ _1\"/>on scheme w<span class=\"_ _1\"/>as replaced by a restr<span class=\"_ _1\"/>icte<span class=\"_ _1\"/>d share unit plan in 20<span class=\"_ _1\"/>21. A summar<span class=\"_ _1\"/>y of move<span class=\"_ _1\"/>ments dur<span class=\"_ _1\"/>ing the year of opti<span class=\"_ _1\"/>ons and balances out<span class=\"_ _1\"/>standing as at 31 D<span class=\"_ _1\"/>ecemb<span class=\"_ _1\"/>er is presented b<span class=\"_ _1\"/>elow<span class=\"_ _1\"/>:2022<span class=\"_ _9e\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span>Wei<span class=\"_ _1\"/>ghte<span class=\"_ _1\"/>d Wei<span class=\"_ _1\"/>ghte<span class=\"_ _1\"/>d aver<span class=\"_ _1\"/>age aver<span class=\"_ _1\"/>age Nu<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r of exercise Nu<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r of exercise optionsprice (EUR)optionsprice (EUR)Options outstanding at 1 January<span class=\"_ _1cf\"> </span>901,578<span class=\"_ _86\"> </span>26.59<span class=\"_ _11c\"> </span><span class=\"ff8 fc14\">1,160,733<span class=\"_ _39\"> </span>22.38</span>Fo<span class=\"_ _1\"/>rfe<span class=\"_ _1\"/>ited durin<span class=\"_ _1\"/>g the pe<span class=\"_ _1\"/>riod<span class=\"_ _50\"> </span>73,100<span class=\"_ _86\"> </span>2<span class=\"_ _1\"/>0.73<span class=\"_ _13d\"> </span><span class=\"ff8 fc14\">92,750<span class=\"_ _38\"> </span>21.92</span>E<span class=\"_ _1\"/>xpired d<span class=\"_ _1\"/>uring the p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d<span class=\"_ _7b\"> </span>173,513<span class=\"_ _38\"> </span>29.10<span class=\"_ _17f\"> </span><span class=\"ff8 fc14 ls43 ws4b\">166,405<span class=\"_ _fa\"> </span><span class=\"ls2 ws2\">30.12</span></span>Opti<span class=\"_ _1\"/>ons grante<span class=\"_ _1\"/>d during th<span class=\"_ _1\"/>e peri<span class=\"_ _1\"/>od-<span class=\"_ _47\"> </span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-<span class=\"_ _47\"> </span>-</span>Op<span class=\"_ _1\"/>tions o<span class=\"_ _1\"/>uts<span class=\"_ _1\"/>tan<span class=\"_ _1\"/>ding at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _126\"> </span>654,9<span class=\"_ _1\"/>65<span class=\"_ _b3\"> </span>18.91<span class=\"_ _9\"> </span><span class=\"fc14\">901,5<span class=\"_ _1\"/>78<span class=\"_ _17b\"> </span>21.02</span>Op<span class=\"_ _1\"/>tions exe<span class=\"_ _1\"/>rcisa<span class=\"_ _1\"/>ble at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _107\"> </span>423,465<span class=\"_ _86\"> </span>22.07<span class=\"_ _14\"> </span><span class=\"fc14\">4<span class=\"_ _1\"/>06,<span class=\"_ _6\"/>188<span class=\"_ _2b\"> </span>26.59</span>The o<span class=\"_ _1\"/>utstan<span class=\"_ _1\"/>ding share options have an exercise p<span class=\"_ _1\"/>rice ranging f<span class=\"_ _1\"/>rom EU<span class=\"_ _1\"/>R 13<span class=\"_ _1\"/>.12 to EU<span class=\"_ _1\"/>R 24<span class=\"_ _1\"/>.0<span class=\"_ _1\"/>4 as at 31 De<span class=\"_ _1\"/>cember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. The aver<span class=\"_ _1\"/>age remaining ter<span class=\"_ _1\"/>m of the optio<span class=\"_ _1\"/>ns is 2.<span class=\"_ _1\"/>2 years  (20<span class=\"_ _1\"/>21: 2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>7 years).The tot<span class=\"_ _1\"/>al expe<span class=\"_ _1\"/>nse recognised in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 relate<span class=\"_ _1\"/>d to share options amounte<span class=\"_ _1\"/>d to EUR 2<span class=\"_ _1\"/>07<span class=\"_ _6\"/>,7<span class=\"_ _1\"/>9<span class=\"_ _1\"/>0 (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 7<span class=\"_ _1\"/>1<span class=\"_ _1\"/>2,<span class=\"_ _1\"/>5<span class=\"_ _1\"/>7<span class=\"_ _1\"/>7<span class=\"_ _1\"/>).15<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls1ef ws47\">IMP<span class=\"_ _6\"/>AIRMENTS OF<span class=\"_ _7\"/> NON<span class=\"_\"> </span><span class=\"lsf7 ws3d\">FINANCIAL ASSETS</span></span>Intangibl<span class=\"_ _1\"/>e assets that have an indef<span class=\"_ _1\"/>inite useful life or intangibl<span class=\"_ _1\"/>e assets not read<span class=\"_ _1\"/>y for use are not subjec<span class=\"_ _1\"/>t to amor<span class=\"_ _1\"/>tisati<span class=\"_ _1\"/>on and are tested a<span class=\"_ _1\"/>nnually for impairme<span class=\"_ _1\"/>nt. Ot<span class=\"_ _1\"/>her non-financial asset<span class=\"_ _1\"/>s that are subjec<span class=\"_ _1\"/>t to depre<span class=\"_ _1\"/>ciation and amo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tisation are rev<span class=\"_ _1\"/>iewed f<span class=\"_ _1\"/>or impairme<span class=\"_ _1\"/>nt whenever eve<span class=\"_ _1\"/>nts or chang<span class=\"_ _1\"/>es in circumstances indicate that th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>ying amount may not b<span class=\"_ _1\"/>e recoverab<span class=\"_ _1\"/>le. The c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unts of the Gr<span class=\"_ _1\"/>oup\u2019s non-<span class=\"_ _6\"/>financial asset<span class=\"_ _1\"/>s other t<span class=\"_ _1\"/>han assets arising from employe<span class=\"_ _1\"/>e benef<span class=\"_ _1\"/>its an<span class=\"_ _1\"/>d deferre<span class=\"_ _1\"/>d tax asset<span class=\"_ _1\"/>s, are re<span class=\"_ _1\"/>viewe<span class=\"_ _1\"/>d at each repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ting date to determ<span class=\"_ _1\"/>ine whethe<span class=\"_ _1\"/>r there is any indicat<span class=\"_ _1\"/>ion of impairment<span class=\"_ _1\"/>. If any such indicati<span class=\"_ _1\"/>on exists<span class=\"_ _1\"/>, then t<span class=\"_ _1\"/>he asset<span class=\"_ _1\"/>\u2019s recoverable am<span class=\"_ _1\"/>ount is estimated. The re<span class=\"_ _1\"/>coverable a<span class=\"_ _1\"/>mount of an asset or cash-gener<span class=\"_ _1\"/>ating unit (C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>) is the higher of it<span class=\"_ _1\"/>s value in use and it<span class=\"_ _1\"/>s fair v<span class=\"_ _1\"/>alue less costs of disposal. I<span class=\"_ _1\"/>n assessi<span class=\"_ _6\"/>ng valu<span class=\"_ _1\"/>e in use, the estimated f<span class=\"_ _1\"/>uture cash fl<span class=\"_ _1\"/>ows are discounted to the<span class=\"_ _1\"/>ir present value using a pre<span class=\"_ _1\"/>-tax discount rate that ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ts curr<span class=\"_ _1\"/>ent market assessments of th<span class=\"_ _1\"/>e time value of mo<span class=\"_ _1\"/>ney and the r<span class=\"_ _1\"/>isks specif<span class=\"_ _1\"/>ic to the asset or cash-ge<span class=\"_ _1\"/>nerat<span class=\"_ _1\"/>ing unit. F<span class=\"_ _1\"/>or the purp<span class=\"_ _1\"/>ose of impairment testing<span class=\"_ _1\"/>, assets that cannot b<span class=\"_ _1\"/>e tested indiv<span class=\"_ _1\"/>idually are group<span class=\"_ _1\"/>ed tog<span class=\"_ _1\"/>ether into the smallest group of assets t<span class=\"_ _1\"/>hat gener<span class=\"_ _1\"/>ates cash inflows f<span class=\"_ _1\"/>rom continuing use that are largel<span class=\"_ _1\"/>y independent o<span class=\"_ _6\"/>f the cas<span class=\"_ _6\"/>h in<span class=\"_ _6\"/>flows of other a<span class=\"_ _6\"/>ssets or cas<span class=\"_ _7\"/>h-gener<span class=\"_ _1\"/>atin<span class=\"_ _6\"/>g unit. The G<span class=\"_ _1\"/>roup\u2019s corpor<span class=\"_ _1\"/>ate assets do not g<span class=\"_ _1\"/>enerate se<span class=\"_ _1\"/>parate cash infl<span class=\"_ _1\"/>ows and are utilised b<span class=\"_ _1\"/>y more than o<span class=\"_ _1\"/>ne cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>. Corpo<span class=\"_ _1\"/>rate assets are all<span class=\"_ _1\"/>ocated to c<span class=\"_ _1\"/>ash<span class=\"_ _6\"/>-gen<span class=\"_ _1\"/>erating units on a r<span class=\"_ _1\"/>easonable and consistent basis and tested fo<span class=\"_ _1\"/>r impairment as par<span class=\"_ _1\"/>t of the testing of th<span class=\"_ _1\"/>e cash gener<span class=\"_ _1\"/>ating units to whic<span class=\"_ _1\"/>h the corpo<span class=\"_ _1\"/>rate asset is allocate<span class=\"_ _1\"/>d.Impairm<span class=\"_ _1\"/>ent losses recognise<span class=\"_ _1\"/>d in prior p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>ds are review<span class=\"_ _1\"/>ed at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date for any indicatio<span class=\"_ _1\"/>ns that the loss has decr<span class=\"_ _1\"/>eased or no lo<span class=\"_ _1\"/>nger exist<span class=\"_ _1\"/>s. A<span class=\"_ _1\"/>n impairment loss is rever<span class=\"_ _1\"/>sed if ther<span class=\"_ _1\"/>e has been a chang<span class=\"_ _1\"/>e in the estimates used to d<span class=\"_ _1\"/>etermine th<span class=\"_ _1\"/>e recover<span class=\"_ _1\"/>able amount<span class=\"_ _1\"/>. An impairme<span class=\"_ _1\"/>nt loss is reverse<span class=\"_ _1\"/>d only to the ex<span class=\"_ _1\"/>tent that th<span class=\"_ _1\"/>e asset<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount do<span class=\"_ _1\"/>es not exceed t<span class=\"_ _1\"/>he carr<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g amount that would have b<span class=\"_ _1\"/>een deter<span class=\"_ _1\"/>mined, n<span class=\"_ _1\"/>et of depreciation or a<span class=\"_ _6\"/>mor<span class=\"_ _1\"/>tisa<span class=\"_ _7\"/>t<span class=\"_ _1\"/>ion, if<span class=\"_ _6\"/> no impai<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ment lo<span class=\"_ _6\"/>ss h<span class=\"_ _6\"/>ad been recognised.Impairm<span class=\"_ _1\"/>ent charges and reve<span class=\"_ _1\"/>rsal pe<span class=\"_ _1\"/>r asset categor<span class=\"_ _1\"/>y ar<span class=\"_ _1\"/>e stated as follo<span class=\"_ _1\"/>ws:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _45\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _11f\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>Impairment <span class=\"_ _122\"> </span><span class=\"ls201 ws20d\">R<span class=\"_ _1\"/>evers<span class=\"_ _1\"/>al<span class=\"_ _21\"> </span><span class=\"lsb3 wsbe\">Net<span class=\"_ _5a\"> </span></span></span>Impairment <span class=\"_ _12e\"> </span><span class=\"ls201 ws20d\">Reve<span class=\"_ _1\"/>rsal<span class=\"_ _21\"> </span><span class=\"lsb3 wsbe\">Net</span></span>Prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equi<span class=\"_ _1\"/>pment<span class=\"_ _1b5\"> </span>1,533<span class=\"_ _84\"> </span>(1<span class=\"_ _1\"/>67)<span class=\"_ _9f\"> </span>1,36<span class=\"_ _1\"/>6<span class=\"_ _7c\"> </span><span class=\"ff8 fc14\">2,7<span class=\"_ _1\"/>79<span class=\"_ _e3\"> </span>(4,753)<span class=\"_ _120\"> </span>(1,974)</span>Right of use asse<span class=\"_ _1\"/>ts-(35)<span class=\"_ _84\"> </span>(3<span class=\"_ _1\"/>5)<span class=\"_ _8e\"> </span><span class=\"ff8 fc14\">931</span>-931Ot<span class=\"_ _1\"/>her intan<span class=\"_ _1\"/>gible asset<span class=\"_ _1\"/>s<span class=\"_ _9f\"> </span><span class=\"ls2 ws2\">1,252</span>-1,252<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">1,6<span class=\"_ _1\"/>62</span>-1,662Ne<span class=\"_ _1\"/>t impa<span class=\"_ _1\"/>irme<span class=\"_ _1\"/>nt loss / (re<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>rs<span class=\"_ _1\"/>al<span class=\"_ _1\"/>)<span class=\"_ _1d9\"> </span>2,785<span class=\"_ _c0\"> </span>(202)<span class=\"_ _e5\"> </span>2,583<span class=\"_ _70\"> </span><span class=\"fc14\">5,372<span class=\"_ _111\"> </span>(4,753)<span class=\"_ _65\"> </span><span class=\"ls1ed ws1f2\">61<span class=\"_ _1\"/>9</span></span>The impair<span class=\"_ _1\"/>ment charge on P<span class=\"_ _1\"/>roper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipme<span class=\"_ _1\"/>nt includes an amount of EU<span class=\"_ _1\"/>R 1.<span class=\"_ _1\"/>3 million for a vesse<span class=\"_ _1\"/>l whose recover<span class=\"_ _1\"/>able amount was b<span class=\"_ _1\"/>elow th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>ying v<span class=\"_ _1\"/>alue and which w<span class=\"_ _1\"/>as sold in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. Furt<span class=\"_ _1\"/>hermo<span class=\"_ _1\"/>re, re<span class=\"_ _1\"/>cognised as impairment charg<span class=\"_ _1\"/>e on Ot<span class=\"_ _1\"/>her intangible asset<span class=\"_ _1\"/>s is EUR 1<span class=\"_ _1\"/>.3 million on<span class=\"_ _6\"/> Explor<span class=\"_ _1\"/>ation a<span class=\"_ _6\"/>nd Evaluation<span class=\"_ _6\"/> (E&amp;<span class=\"_ _1\"/>E) assets followi<span class=\"_ _6\"/>ng an u<span class=\"_ _6\"/>ns<span class=\"_ _6\"/>ucc<span class=\"_ _6\"/>essfu<span class=\"_ _6\"/>l drilling f<span class=\"_ _1\"/>or hydro<span class=\"_ _1\"/>carb<span class=\"_ _1\"/>ons.16<span class=\"_ _1\"/>. <span class=\"_ _ce\"> </span><span class=\"ff5 fs6 ls37 ws1fa\">OTH<span class=\"_ _6\"/>ER<span class=\"_ _7\"/> EXPEN<span class=\"_ _6\"/>SE<span class=\"_ _6\"/>S</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _24\"> </span><span class=\"ff7 ls1dc ws1e2\">20<span class=\"_ _1\"/>21</span></span>*Indire<span class=\"_ _1\"/>ct o<span class=\"_ _1\"/>per<span class=\"_ _1\"/>ating exp<span class=\"_ _1\"/>enses<span class=\"_ _1da\"> </span>31,951<span class=\"_ _65\"> </span><span class=\"ff8 fc14\">22,638</span>Occupan<span class=\"_ _1\"/>cy cost<span class=\"_ _1\"/>s<span class=\"_ _1b4\"> </span>18,267<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">13,587</span>Professional ser<span class=\"_ _1\"/>vi<span class=\"_ _1\"/>ces fee<span class=\"_ _1db\"> </span><span class=\"ls2 ws2\">17<span class=\"_ _7\"/>,764<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">14,<span class=\"_ _1\"/>285</span></span>Communic<span class=\"_ _1\"/>ation and of<span class=\"_ _1\"/>f<span class=\"_ _1\"/>ice equipme<span class=\"_ _1\"/>nt<span class=\"_ _1dc\"> </span>48,037<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">40,513</span>Le<span class=\"_ _1\"/>gal, audit &amp; t<span class=\"_ _1\"/>ax adv<span class=\"_ _1\"/>isor<span class=\"_ _1\"/>y fe<span class=\"_ _1\"/>es<span class=\"_ _1dd\"> </span>11,67<span class=\"_ _1\"/>7<span class=\"_ _21\"> </span><span class=\"ff8 fc14\">10,212</span>Gen<span class=\"_ _1\"/>eral maintenance and supplies<span class=\"_ _45\"> </span><span class=\"ls43 ws4b\">6,279<span class=\"_ _5d\"> </span><span class=\"ff8 fc14 ls2 ws2\">8,355 </span></span>Proper<span class=\"_ _1\"/>ty lease expense<span class=\"_ _1de\"> </span><span class=\"ls2 ws2\">5,540<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">6,581</span></span>T<span class=\"_ _6\"/>rainin<span class=\"_ _1\"/>g<span class=\"_ _1df\"> </span><span class=\"ls2 ws2\">5,897<span class=\"_ _87\"> </span><span class=\"ff8 fc14 ls1e1 ws1e7\">3<span class=\"_ _1\"/>,461</span></span>Marketing<span class=\"_ _6\"/> and advertisi<span class=\"_ _6\"/>ng co<span class=\"_ _6\"/>sts<span class=\"_ _1e0\"> </span><span class=\"ls2 ws2\">4,<span class=\"_ _6\"/>153<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">1,854</span></span>Impairme<span class=\"_ _1\"/>nt of receivables<span class=\"_ _1e1\"> </span><span class=\"ls2 ws2\">1,480<span class=\"_ _5d\"> </span><span class=\"ff8 fc14\">2,283</span></span>Restr<span class=\"_ _1\"/>uc<span class=\"_ _1\"/>turing cost<span class=\"_ _1\"/>s<span class=\"_ _1c1\"> </span>2,844<span class=\"_ _6b\"> </span><span class=\"ff8 fc14\">1,97<span class=\"_ _1\"/>7</span>Research costs<span class=\"_ _a8\"> </span><span class=\"ls2 ws2\">3,<span class=\"_ _7\"/>162<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">2,77<span class=\"_ _1\"/>3</span></span>Loss on disp<span class=\"_ _1\"/>osal of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipm<span class=\"_ _1\"/>ent<span class=\"_ _1e2\"> </span>292<span class=\"_ _df\"> </span><span class=\"ff8 fc14 ls43 ws4b\">504</span>Other<span class=\"_ _1e3\"> </span><span class=\"ls2 ws2\">20,359<span class=\"_ _21\"> </span><span class=\"ff8 fc14\">16,012 </span></span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1e4\"> </span><span class=\"ls2 ws2\">17<span class=\"_ _1\"/>7<span class=\"_ _3\"/>,702<span class=\"_ _fa\"> </span><span class=\"fc14\">145,035</span></span>*Comparative n<span class=\"_ _6\"/>umbers have<span class=\"_ _7\"/> b<span class=\"_ _1\"/>een resta<span class=\"_ _6\"/>ted to<span class=\"_ _6\"/> conform<span class=\"_ _6\"/> to curren<span class=\"_ _6\"/>t year<span class=\"_ _6\"/> presentation.1<span class=\"_ _1\"/>7.<span class=\"_ _1\"/> <span class=\"_ _eb\"> </span><span class=\"ff5 fs6 ls11f ws3b\">NE<span class=\"_ _1\"/>T F<span class=\"_ _1\"/>I<span class=\"_ _1\"/>N<span class=\"_ _1\"/>AN<span class=\"_ _1\"/>C<span class=\"_ _1\"/>E </span>(I<span class=\"_ _1\"/>NCO<span class=\"_ _1\"/>ME)/EX<span class=\"_ _1\"/>PENSESNet f<span class=\"_ _1\"/>inance income and exp<span class=\"_ _1\"/>enses consist of finance expe<span class=\"_ _1\"/>nses, finance incom<span class=\"_ _1\"/>e and forei<span class=\"_ _1\"/>gn currenc<span class=\"_ _1\"/>y gains and losses<span class=\"_ _1\"/>. Finance expenses compr<span class=\"_ _1\"/>ises interest exp<span class=\"_ _1\"/>ense on borrowings and lea<span class=\"_ _7\"/>se liabili<span class=\"_ _6\"/>ties, unwind<span class=\"_ _6\"/>ing o<span class=\"_ _6\"/>f the di<span class=\"_ _6\"/>scou<span class=\"_ _6\"/>nt on pr<span class=\"_ _6\"/>ovision<span class=\"_ _7\"/>s<span class=\"_ _1\"/>, los<span class=\"_ _6\"/>ses on disposal of equit<span class=\"_ _1\"/>y se<span class=\"_ _1\"/>curities<span class=\"_ _1\"/>, fair value l<span class=\"_ _1\"/>osses on financial asset<span class=\"_ _1\"/>s at fair valu<span class=\"_ _1\"/>e through profit o<span class=\"_ _1\"/>r loss, impairm<span class=\"_ _1\"/>ent losses recognise<span class=\"_ _1\"/>d on financial asset<span class=\"_ _1\"/>s (<span class=\"_ _6\"/>other t<span class=\"_ _1\"/>han trad<span class=\"_ _1\"/>e receiv<span class=\"_ _1\"/>ables), and losses on hedgin<span class=\"_ _1\"/>g instrument<span class=\"_ _1\"/>s that are recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss.Financ<span class=\"_ _7\"/>e income c<span class=\"_ _6\"/>omprises<span class=\"_ _6\"/> int<span class=\"_ _6\"/>erest inc<span class=\"_ _7\"/>ome on funds in<span class=\"_ _6\"/>vested, dividend i<span class=\"_ _6\"/>ncome, ga<span class=\"_ _6\"/>ins on the disposal of e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y securit<span class=\"_ _1\"/>ies, fa<span class=\"_ _1\"/>ir value gains on financ<span class=\"_ _1\"/>ial assets at fair v<span class=\"_ _1\"/>alue through p<span class=\"_ _1\"/>rofit or loss<span class=\"_ _1\"/>, gains on the re-me<span class=\"_ _1\"/>asu<span class=\"_ _6\"/>reme<span class=\"_ _1\"/>nt to fair value of any pre<span class=\"_ _1\"/>-existing interest in an acquiree<span class=\"_ _1\"/>, and gains on hedgin<span class=\"_ _1\"/>g instrument<span class=\"_ _1\"/>s that are recognise<span class=\"_ _1\"/>d in profit or loss. I<span class=\"_ _1\"/>nterest income is reco<span class=\"_ _1\"/>gnised in profit o<span class=\"_ _1\"/>r loss as it accrues, using th<span class=\"_ _1\"/>e effe<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>ive interest meth<span class=\"_ _1\"/>od. D<span class=\"_ _1\"/>ividen<span class=\"_ _1\"/>d income is recognised in p<span class=\"_ _1\"/>rofit or loss on t<span class=\"_ _1\"/>he date the Gro<span class=\"_ _1\"/>up\u2019s right to re<span class=\"_ _1\"/>ceive payment is est<span class=\"_ _1\"/>ablished, whic<span class=\"_ _1\"/>h in the case of quoted shares is no<span class=\"_ _1\"/>rmally the ex-divid<span class=\"_ _1\"/>end date. Bor<span class=\"_ _1\"/>rowing costs t<span class=\"_ _1\"/>hat are not direc<span class=\"_ _1\"/>tly at<span class=\"_ _1\"/>tribut<span class=\"_ _1\"/>able to the acquisition<span class=\"_ _1\"/>, construc<span class=\"_ _1\"/>tion o<span class=\"_ _1\"/>r produ<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>n of a qualify<span class=\"_ _1\"/>ing asset are recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss usi<span class=\"_ _6\"/>ng the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest meth<span class=\"_ _1\"/>od.For<span class=\"_ _1\"/>eign curren<span class=\"_ _1\"/>cy gains and l<span class=\"_ _1\"/>osses are repor<span class=\"_ _1\"/>te<span class=\"_ _1\"/>d on a net basis as either f<span class=\"_ _1\"/>inance income or finan<span class=\"_ _1\"/>ce c<span class=\"_ _6\"/>ost dep<span class=\"_ _1\"/>ending on whet<span class=\"_ _1\"/>her fore<span class=\"_ _1\"/>ign currenc<span class=\"_ _1\"/>y move<span class=\"_ _1\"/>ments are in a net g<span class=\"_ _1\"/>ain or net loss<span class=\"_ _6\"/> position.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Interest<span class=\"_ _6\"/> income<span class=\"_ _6\"/> on loans<span class=\"_ _6\"/> and receivables<span class=\"_ _51\"> </span><span class=\"ls2 ws2\">(3,574)<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">(1,<span class=\"_ _6\"/>156)</span></span>Net f<span class=\"_ _1\"/>oreign ex<span class=\"_ _1\"/>change gain <span class=\"_ _1e5\"> </span>(11,716)<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">(18,670)</span>Finance<span class=\"_ _6\"/> income<span class=\"_ _1e6\"> </span><span class=\"ls2 ws2\">(15,290)<span class=\"_ _d0\"> </span><span class=\"fc14\">(19,826)</span></span>Interes<span class=\"_ _1\"/>t expe<span class=\"_ _1\"/>nse on finan<span class=\"_ _1\"/>cial liabilitie<span class=\"_ _1\"/>s measured at amo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tised cost<span class=\"_ _6e\"> </span><span class=\"ls43 ws4b\">35,295<span class=\"_ _6f\"> </span></span><span class=\"ff8 fc14\">38,030</span>Net c<span class=\"_ _1\"/>hange in fair v<span class=\"_ _1\"/>alue of f<span class=\"_ _1\"/>inancial asset<span class=\"_ _1\"/>s at fair va<span class=\"_ _1\"/>lue throug<span class=\"_ _1\"/>h prof<span class=\"_ _1\"/>it or loss -60Net f<span class=\"_ _1\"/>oreign ex<span class=\"_ _1\"/>change loss -<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">-</span>Fina<span class=\"_ _1\"/>nce exp<span class=\"_ _1\"/>ense<span class=\"_ _91\"> </span><span class=\"ls43 ws4b\">35,295<span class=\"_ _c0\"> </span></span><span class=\"fc14\">38,090</span>Ne<span class=\"_ _1\"/>t fin<span class=\"_ _1\"/>ance (<span class=\"_ _1\"/>incom<span class=\"_ _1\"/>e<span class=\"_ _6\"/>)/expe<span class=\"_ _1\"/>nses re<span class=\"_ _1\"/>cogn<span class=\"_ _1\"/>ised in p<span class=\"_ _1\"/>rof<span class=\"_ _1\"/>it or l<span class=\"_ _1\"/>oss<span class=\"_ _1e7\"> </span>20,00<span class=\"_ _1\"/>5<span class=\"_ _a1\"> </span><span class=\"fc14\">18,264</span>The t<span class=\"_ _1\"/>able set be<span class=\"_ _1\"/>low summarises the ne<span class=\"_ _1\"/>t finance cost recognise<span class=\"_ _1\"/>d in other compreh<span class=\"_ _1\"/>ensive income and ho<span class=\"_ _1\"/>w they are cate<span class=\"_ _1\"/>gorise<span class=\"_ _1\"/>d in the statem<span class=\"_ _1\"/>ent of changes in equit<span class=\"_ _1\"/>y.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Recognised<span class=\"_ _6\"/> in other<span class=\"_ _6\"/> comprehensiv<span class=\"_ _6\"/>e inc<span class=\"_ _6\"/>omeForeign currency translation<span class=\"_ _6\"/> differences o<span class=\"_ _6\"/>f foreign operations<span class=\"_ _d8\"> </span><span class=\"ls2 ws2\">10,580<span class=\"_ _65\"> </span><span class=\"ff8 fc14\">40,907</span></span>Fo<span class=\"_ _1\"/>reign curr<span class=\"_ _1\"/>enc<span class=\"_ _1\"/>y translat<span class=\"_ _1\"/>ion dif<span class=\"_ _1\"/>feren<span class=\"_ _1\"/>ces rec<span class=\"_ _1\"/>ycled to p<span class=\"_ _1\"/>rofit an<span class=\"_ _1\"/>d loss-(1,939)Fo<span class=\"_ _1\"/>reign curr<span class=\"_ _1\"/>enc<span class=\"_ _1\"/>y translat<span class=\"_ _1\"/>ion dif<span class=\"_ _1\"/>feren<span class=\"_ _1\"/>ces of equit<span class=\"_ _1\"/>y-accounted investees <span class=\"_ _1e8\"> </span><span class=\"ls2 ws2\">659<span class=\"_ _5d\"> </span><span class=\"ff8 fc14 ls43 ws4b\">3,295</span></span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1e9\"> </span><span class=\"ls2 ws2\">11,239<span class=\"_ _9b\"> </span><span class=\"fc14\">42,<span class=\"_ _1\"/>263</span></span>Rec<span class=\"_ _6\"/>ogni<span class=\"_ _7\"/>sed in<span class=\"_ _7\"/>:T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ans<span class=\"_ _6\"/>lation re<span class=\"_ _6\"/>ser<span class=\"_ _1\"/>ve<span class=\"_ _1ea\"> </span><span class=\"ls2 ws2\">10,860<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">41,470</span></span>No<span class=\"_ _1\"/>n-controllin<span class=\"_ _1\"/>g interest<span class=\"_ _1\"/>s<span class=\"_ _1eb\"> </span><span class=\"ls2 ws2\">379<span class=\"_ _b1\"> </span><span class=\"ff8 fc14\">793</span></span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1e9\"> </span><span class=\"ls2 ws2\">11,239<span class=\"_ _9b\"> </span><span class=\"fc14\">42,<span class=\"_ _1\"/>263</span></span>18<span class=\"_ _1\"/>. <span class=\"_ _ce\"> </span><span class=\"ff5 fs6 ls204 ws2c\">I<span class=\"_ _1\"/>N<span class=\"_ _1\"/>CO<span class=\"_ _1\"/>M<span class=\"_ _1\"/>E<span class=\"_ _1\"/> TA<span class=\"_ _1\"/>X</span>Income t<span class=\"_ _1\"/>ax exp<span class=\"_ _1\"/>ense comprises curre<span class=\"_ _1\"/>nt and deferre<span class=\"_ _1\"/>d tax<span class=\"_ _1\"/>. Current t<span class=\"_ _1\"/>ax and defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x is recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss except to the ex<span class=\"_ _1\"/>tent that it relates to a business combinatio<span class=\"_ _1\"/>n, or items re<span class=\"_ _1\"/>cognised direc<span class=\"_ _1\"/>tly in e<span class=\"_ _1\"/>quity o<span class=\"_ _1\"/>r in other compreh<span class=\"_ _1\"/>ensive income.Current ta<span class=\"_ _1\"/>x is the exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted tax p<span class=\"_ _1\"/>ayable or re<span class=\"_ _1\"/>ceivabl<span class=\"_ _1\"/>e on the ta<span class=\"_ _1\"/>xable income o<span class=\"_ _1\"/>r loss for the year, using tax r<span class=\"_ _1\"/>ates enacte<span class=\"_ _1\"/>d or substantivel<span class=\"_ _1\"/>y enacte<span class=\"_ _1\"/>d at the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date, and any adjustment to t<span class=\"_ _1\"/>ax payabl<span class=\"_ _1\"/>e in respec<span class=\"_ _1\"/>t of previo<span class=\"_ _1\"/>us years. Cur<span class=\"_ _1\"/>rent tax pay<span class=\"_ _1\"/>able also includes any tax li<span class=\"_ _6\"/>abili<span class=\"_ _6\"/>t<span class=\"_ _1\"/>y ari<span class=\"_ _6\"/>sing<span class=\"_ _6\"/> from the declaration o<span class=\"_ _6\"/>f dividends. The glob<span class=\"_ _6\"/>al developmen<span class=\"_ _6\"/>ts around intro<span class=\"_ _1\"/>duct<span class=\"_ _1\"/>ion of Pillar 2 regulat<span class=\"_ _1\"/>ions are being m<span class=\"_ _1\"/>onitored by F<span class=\"_ _1\"/>ugro. Re<span class=\"_ _1\"/>gulations are highly compl<span class=\"_ _1\"/>ex and not suff<span class=\"_ _1\"/>icientl<span class=\"_ _1\"/>y predic<span class=\"_ _1\"/>table yet<span class=\"_ _1\"/>. Based o<span class=\"_ _1\"/>n Fugro\u2019s approach to tax an<span class=\"_ _1\"/>d the initial analy<span class=\"_ _1\"/>ses per<span class=\"_ _1\"/>form<span class=\"_ _1\"/>ed, no or n<span class=\"_ _1\"/>o material ta<span class=\"_ _1\"/>x impact is ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted to arise from these developmen<span class=\"_ _7\"/>t<span class=\"_ _1\"/>s.Defe<span class=\"_ _1\"/>rred t<span class=\"_ _1\"/>ax is recognise<span class=\"_ _1\"/>d in respec<span class=\"_ _1\"/>t of tempor<span class=\"_ _1\"/>ar<span class=\"_ _1\"/>y diff<span class=\"_ _1\"/>erences bet<span class=\"_ _1\"/>we<span class=\"_ _1\"/>en the car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amount<span class=\"_ _1\"/>s of assets and liabilities fo<span class=\"_ _1\"/>r financial re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ting pur<span class=\"_ _1\"/>poses and the am<span class=\"_ _1\"/>ounts used for ta<span class=\"_ _1\"/>xation p<span class=\"_ _1\"/>urposes<span class=\"_ _1\"/>. Defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x is not recognise<span class=\"_ _1\"/>d for tax<span class=\"_ _1\"/>able temp<span class=\"_ _1\"/>orar<span class=\"_ _1\"/>y dif<span class=\"_ _1\"/>ferences arising on the init<span class=\"_ _1\"/>ial recogniti<span class=\"_ _1\"/>on of goo<span class=\"_ _1\"/>dwill, temp<span class=\"_ _1\"/>orar<span class=\"_ _1\"/>y dif<span class=\"_ _1\"/>ferences on t<span class=\"_ _1\"/>he initial recogni<span class=\"_ _1\"/>tion of assets or liab<span class=\"_ _1\"/>ilities in a transac<span class=\"_ _1\"/>tion t<span class=\"_ _1\"/>hat is not a business combination and that aff<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>s neit<span class=\"_ _1\"/>her accounting nor ta<span class=\"_ _1\"/>xable prof<span class=\"_ _1\"/>it or loss<span class=\"_ _1\"/>, and tempor<span class=\"_ _1\"/>ar<span class=\"_ _1\"/>y diff<span class=\"_ _1\"/>erences related to invest<span class=\"_ _1\"/>ments in subsidiaries an<span class=\"_ _1\"/>d jointly controlle<span class=\"_ _1\"/>d entities to th<span class=\"_ _1\"/>e ex<span class=\"_ _1\"/>tent that it is probabl<span class=\"_ _1\"/>e that they will not re<span class=\"_ _1\"/>verse in the f<span class=\"_ _1\"/>oreseeab<span class=\"_ _1\"/>le future<span class=\"_ _1\"/>. Defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x is measured at the ta<span class=\"_ _1\"/>x rates that are ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted to b<span class=\"_ _1\"/>e applied to temp<span class=\"_ _1\"/>orar<span class=\"_ _1\"/>y dif<span class=\"_ _1\"/>fere<span class=\"_ _1\"/>nces when the<span class=\"_ _1\"/>y rever<span class=\"_ _1\"/>se, based o<span class=\"_ _1\"/>n the laws that have b<span class=\"_ _1\"/>een enac<span class=\"_ _1\"/>ted or substant<span class=\"_ _1\"/>ively enac<span class=\"_ _1\"/>ted by t<span class=\"_ _1\"/>he repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ting date. Def<span class=\"_ _1\"/>erred t<span class=\"_ _1\"/>ax assets an<span class=\"_ _1\"/>d liabilities are of<span class=\"_ _1\"/>fset if the<span class=\"_ _1\"/>re is a legally enforceable r<span class=\"_ _1\"/>ight to off<span class=\"_ _1\"/>set current ta<span class=\"_ _1\"/>x liabilities and asset<span class=\"_ _1\"/>s, and th<span class=\"_ _1\"/>ey relate to income taxes l<span class=\"_ _1\"/>evied b<span class=\"_ _1\"/>y the same ta<span class=\"_ _1\"/>x author<span class=\"_ _1\"/>ity o<span class=\"_ _1\"/>n the same t<span class=\"_ _1\"/>axable e<span class=\"_ _1\"/>ntit<span class=\"_ _1\"/>y<span class=\"_ _7\"/>, o<span class=\"_ _1\"/>r on diffe<span class=\"_ _1\"/>rent tax entities<span class=\"_ _1\"/>, but the<span class=\"_ _1\"/>y intend to sett<span class=\"_ _1\"/>le current ta<span class=\"_ _1\"/>x liabilities and asset<span class=\"_ _1\"/>s on a net basis or the<span class=\"_ _1\"/>ir tax asset<span class=\"_ _1\"/>s and liabilities will b<span class=\"_ _1\"/>e realised simultane<span class=\"_ _1\"/>ously.A defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x asset is recognised fo<span class=\"_ _1\"/>r unused tax l<span class=\"_ _1\"/>osses, ta<span class=\"_ _1\"/>x credit<span class=\"_ _1\"/>s and deduc<span class=\"_ _1\"/>tible tempo<span class=\"_ _1\"/>rar<span class=\"_ _1\"/>y dif<span class=\"_ _1\"/>ferences<span class=\"_ _1\"/>, to the ex<span class=\"_ _1\"/>tent that it is probab<span class=\"_ _1\"/>le that future t<span class=\"_ _1\"/>axable p<span class=\"_ _1\"/>rofit<span class=\"_ _1\"/>s will be available ag<span class=\"_ _1\"/>ainst which the asset can b<span class=\"_ _1\"/>e utilised. D<span class=\"_ _1\"/>eferre<span class=\"_ _1\"/>d tax asset<span class=\"_ _1\"/>s are revie<span class=\"_ _1\"/>wed at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date and are re<span class=\"_ _1\"/>duced to the e<span class=\"_ _1\"/>xte<span class=\"_ _1\"/>nt that it is no longer pr<span class=\"_ _1\"/>obable that th<span class=\"_ _1\"/>e related t<span class=\"_ _1\"/>ax be<span class=\"_ _1\"/>nefit will b<span class=\"_ _1\"/>e realised; such redu<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>ns are reverse<span class=\"_ _1\"/>d when th<span class=\"_ _1\"/>e probabilit<span class=\"_ _1\"/>y of future t<span class=\"_ _1\"/>axable prof<span class=\"_ _1\"/>its improvesAddit<span class=\"_ _1\"/>ional income ta<span class=\"_ _1\"/>xes that arise fro<span class=\"_ _1\"/>m the distributi<span class=\"_ _1\"/>on of dividen<span class=\"_ _1\"/>ds are recognise<span class=\"_ _1\"/>d at the sam<span class=\"_ _1\"/>e time as the liabilit<span class=\"_ _1\"/>y to pay the re<span class=\"_ _1\"/>lated divid<span class=\"_ _1\"/>end.In deter<span class=\"_ _1\"/>mining the amount of curr<span class=\"_ _1\"/>ent and defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x the Gro<span class=\"_ _1\"/>up takes into account the impac<span class=\"_ _1\"/>t of uncer<span class=\"_ _1\"/>tain tax p<span class=\"_ _1\"/>ositions and whe<span class=\"_ _1\"/>ther additi<span class=\"_ _1\"/>onal taxes an<span class=\"_ _1\"/>d interest may be due<span class=\"_ _1\"/>. The G<span class=\"_ _1\"/>roup belie<span class=\"_ _1\"/>ves that its accr<span class=\"_ _1\"/>uals for tax liabiliti<span class=\"_ _1\"/>es are adequate f<span class=\"_ _1\"/>or all open t<span class=\"_ _1\"/>ax years based on it<span class=\"_ _1\"/>s assessment of many fac<span class=\"_ _1\"/>tors<span class=\"_ _1\"/>, including interpr<span class=\"_ _1\"/>etations of ta<span class=\"_ _1\"/>x law and pri<span class=\"_ _1\"/>or exp<span class=\"_ _1\"/>erience<span class=\"_ _1\"/>. This assessment relies on estimates an<span class=\"_ _1\"/>d ass<span class=\"_ _6\"/>umptions and may involve a seri<span class=\"_ _1\"/>es of judgement<span class=\"_ _1\"/>s about f<span class=\"_ _1\"/>uture events<span class=\"_ _1\"/>. New infor<span class=\"_ _1\"/>mation may b<span class=\"_ _1\"/>ecome available t<span class=\"_ _1\"/>hat causes the G<span class=\"_ _1\"/>roup to change it<span class=\"_ _1\"/>s judgem<span class=\"_ _1\"/>ent regarding th<span class=\"_ _1\"/>e adequac<span class=\"_ _1\"/>y of exist<span class=\"_ _1\"/>ing tax liabilities; such chang<span class=\"_ _1\"/>es to tax liabiliti<span class=\"_ _1\"/>es will impact t<span class=\"_ _1\"/>ax exp<span class=\"_ _1\"/>ense in the pe<span class=\"_ _1\"/>riod t<span class=\"_ _1\"/>hat such a determina<span class=\"_ _7\"/>t<span class=\"_ _1\"/>ion i<span class=\"_ _6\"/>s made.18<span class=\"_ _1\"/>.1 <span class=\"_ _ce\"> </span><span class=\"ff2 fs3 ls2 ws2\">Incom<span class=\"_ _1\"/>e tax exp<span class=\"_ _1\"/>ense / (g<span class=\"_ _1\"/>ain)</span>Recog<span class=\"_ _1\"/>nised i<span class=\"_ _1\"/>n prof<span class=\"_ _1\"/>it or l<span class=\"_ _1\"/>oss(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Cur<span class=\"_ _1\"/>rent i<span class=\"_ _1\"/>ncome t<span class=\"_ _1\"/>ax expe<span class=\"_ _1\"/>nse/(<span class=\"_ _1\"/>gain)Curre<span class=\"_ _1\"/>nt year<span class=\"_ _1ec\"> </span>22,<span class=\"_ _6\"/>122<span class=\"_ _7c\"> </span><span class=\"ff8 fc14\">11,125</span>Adjustmen<span class=\"_ _6\"/>ts for prior years<span class=\"_ _1ed\"> </span><span class=\"ls2 ws2\">(3,087)<span class=\"_ _1a\"> </span><span class=\"ff8 fc14 ls100 ws10c\">709</span></span>19,035<span class=\"_ _24\"> </span><span class=\"fc14\">11,834</span>De<span class=\"_ _1\"/>fer<span class=\"_ _1\"/>red in<span class=\"_ _1\"/>come ta<span class=\"_ _1\"/>x expe<span class=\"_ _1\"/>nse/(g<span class=\"_ _1\"/>ain)Or<span class=\"_ _1\"/>igination an<span class=\"_ _1\"/>d revers<span class=\"_ _1\"/>al of tax lo<span class=\"_ _1\"/>sses and temp<span class=\"_ _1\"/>orar<span class=\"_ _1\"/>y dif<span class=\"_ _1\"/>fer<span class=\"_ _1\"/>ences<span class=\"_ _ed\"> </span>19,541<span class=\"_ _8d\"> </span><span class=\"ff8 fc14\">4,<span class=\"_ _7\"/>191</span>Chang<span class=\"_ _1\"/>e in tax r<span class=\"_ _1\"/>ate<span class=\"_ _1b4\"> </span>(895)<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">(<span class=\"_ _1\"/>7<span class=\"_ _3\"/>,912)</span>Reco<span class=\"_ _1\"/>gnition of p<span class=\"_ _1\"/>revio<span class=\"_ _1\"/>usly unrecogn<span class=\"_ _1\"/>ised ta<span class=\"_ _1\"/>x losses and temp<span class=\"_ _1\"/>ora<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y differences<span class=\"_ _1ee\"> </span><span class=\"ls2 ws2\">(13,528)<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">(13,9<span class=\"_ _1\"/>67)</span></span>Reco<span class=\"_ _1\"/>gnition of li<span class=\"_ _1\"/>quidation l<span class=\"_ _1\"/>osses<span class=\"_ _1ef\"> </span>(15,254)-Liab<span class=\"_ _1\"/>ilit<span class=\"_ _1\"/>y for undistr<span class=\"_ _1\"/>ibuted f<span class=\"_ _1\"/>oreign ea<span class=\"_ _1\"/>rnings (deferre<span class=\"_ _1\"/>d<span class=\"_ _1\"/>)<span class=\"_ _1ca\"> </span>599<span class=\"_ _92\"> </span><span class=\"ff8 fc14\">1,529</span>Adjustmen<span class=\"_ _6\"/>ts for prior years<span class=\"_ _1f0\"> </span><span class=\"ls2 ws2\">(2,301)<span class=\"_ _1c9\"> </span><span class=\"ff8 fc14 ls43 ws4b\">1,276</span></span>(11,838)<span class=\"_ _17c\"> </span><span class=\"fc14\">(14,883)</span>Total inco<span class=\"_ _1\"/>me tax ex<span class=\"_ _1\"/>pens<span class=\"_ _1\"/>e/(g<span class=\"_ _1\"/>ain) on cont<span class=\"_ _1\"/>inuin<span class=\"_ _1\"/>g ope<span class=\"_ _1\"/>rati<span class=\"_ _1\"/>ons<span class=\"_ _1f1\"> </span>7<span class=\"_ _7\"/>,<span class=\"_ _7\"/>197<span class=\"_ _a1\"> </span><span class=\"fc14\">(3,049)</span>Recon<span class=\"_ _1\"/>ciliat<span class=\"_ _1\"/>ion of ef<span class=\"_ _1\"/>fe<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>ive tax ra<span class=\"_ _1\"/>te20222022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">20<span class=\"_ _1\"/>21</span>2021(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)%%Pro<span class=\"_ _1\"/>fi<span class=\"_ _1\"/>t<span class=\"_ _1\"/>/(los<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) b<span class=\"_ _1\"/>efo<span class=\"_ _1\"/>re inco<span class=\"_ _1\"/>me tax<span class=\"_ _121\"> </span><span class=\"ff2 fs6 ls2\">8<span class=\"_ _1\"/>6,488<span class=\"_ _10f\"> </span><span class=\"fc14\">59,473</span></span>Income tax u<span class=\"_ _7\"/>sing the weigh<span class=\"_ _6\"/>ted domestic<span class=\"_ _6\"/> aver<span class=\"_ _1\"/>age ta<span class=\"_ _1\"/>x rates<span class=\"_ _1f2\"> </span>33.2<span class=\"_ _120\"> </span>28,739<span class=\"_ _65\"> </span><span class=\"ff8 fc14\">33.3<span class=\"_ _e5\"> </span>19,805</span>Chang<span class=\"_ _1\"/>e in tax r<span class=\"_ _1\"/>ate<span class=\"_ _1f3\"> </span>(1.0)<span class=\"_ _f9\"> </span>(895)<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">(13.3)<span class=\"_ _111\"> </span>(7<span class=\"_ _7\"/>,912)</span>Reco<span class=\"_ _1\"/>gnition of p<span class=\"_ _1\"/>revio<span class=\"_ _1\"/>usly unrecogn<span class=\"_ _1\"/>ised ta<span class=\"_ _1\"/>x losses and tempor<span class=\"_ _1\"/>ar<span class=\"_ _1\"/>y differ<span class=\"_ _1\"/>ences<span class=\"_ _1f\"> </span>(15.7)<span class=\"_ _17f\"> </span>(13,528)<span class=\"_ _3a\"> </span><span class=\"ff8 fc14\">(23.5)<span class=\"_ _17f\"> </span>(13,967)</span>Reco<span class=\"_ _1\"/>gnition of li<span class=\"_ _1\"/>quidation l<span class=\"_ _1\"/>osses<span class=\"_ _db\"> </span>(17<span class=\"_ _3\"/>.6)<span class=\"_ _15\"> </span>(15,2<span class=\"_ _1\"/>54)-<span class=\"_ _47\"> </span>-Curre<span class=\"_ _1\"/>nt year tax l<span class=\"_ _1\"/>osses, tem<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ar<span class=\"_ _1\"/>y diffe<span class=\"_ _1\"/>rences and ta<span class=\"_ _1\"/>x credit<span class=\"_ _1\"/>s not re<span class=\"_ _1\"/>cognised<span class=\"_ _80\"> </span><span class=\"ls1df ws1e5\">9<span class=\"_ _1\"/>.1<span class=\"_ _17b\"> </span></span>7<span class=\"_ _7\"/>,858<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">13.8<span class=\"_ _17b\"> </span>8,<span class=\"_ _6\"/>180</span>Non-deductible expenses<span class=\"_ _1f4\"> </span>7.<span class=\"_ _1\"/>6<span class=\"_ _fa\"> </span>6,570<span class=\"_ _6e\"> </span><span class=\"ff8 fc14\">12.6<span class=\"_ _c0\"> </span>7<span class=\"_ _7\"/>,512</span>T<span class=\"_ _6\"/>ax exe<span class=\"_ _1\"/>mpt income<span class=\"_ _1f5\"> </span>(7<span class=\"_ _7\"/>.5)<span class=\"_ _120\"> </span>(6,513)<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">(13.4)<span class=\"_ _12\"> </span>(7<span class=\"_ _7\"/>,95<span class=\"_ _1\"/>6)</span>Write down o<span class=\"_ _6\"/>f in<span class=\"_ _6\"/>tercom<span class=\"_ _6\"/>pany pos<span class=\"_ _6\"/>itions<span class=\"_ _de\"> </span>4.4<span class=\"_ _d0\"> </span>3,808<span class=\"_ _c0\"> </span><span class=\"ff8 fc14\">(21.6)<span class=\"_ _14\"> </span>(12,835)</span>Liab<span class=\"_ _1\"/>ilit<span class=\"_ _1\"/>y for undistr<span class=\"_ _1\"/>ibuted f<span class=\"_ _1\"/>oreign ea<span class=\"_ _1\"/>rnings (<span class=\"_ _6\"/>deferred)<span class=\"_ _1d5\"> </span>0.7<span class=\"_ _6e\"> </span>59<span class=\"_ _1\"/>9<span class=\"_ _5d\"> </span><span class=\"ff8 fc14\">2.6<span class=\"_ _fa\"> </span>1,52<span class=\"_ _1\"/>9</span>Adjustmen<span class=\"_ _6\"/>ts for prior years (<span class=\"_ _7\"/>deferred<span class=\"_ _1\"/>)<span class=\"_ _4b\"> </span>(2.7)<span class=\"_ _13d\"> </span>(2,301)<span class=\"_ _1c9\"> </span><span class=\"ff8 fc14 ls1df ws1e5\">2<span class=\"_ _1\"/>.1<span class=\"_ _f2\"> </span><span class=\"ls43 ws4b\">1,276</span></span>Adjustmen<span class=\"_ _6\"/>ts for prior years (<span class=\"_ _7\"/>current)<span class=\"_ _1f6\"> </span>(3.6)<span class=\"_ _13\"> </span>(3,087)<span class=\"_ _20\"> </span><span class=\"ff8 fc14\">1.2<span class=\"_ _22\"> </span><span class=\"ls100 ws10c\">70<span class=\"_ _1\"/>9</span></span>Dividend and other i<span class=\"_ _6\"/>ncome taxes<span class=\"_ _11e\"> </span>1<span class=\"_ _1\"/>.4<span class=\"_ _c0\"> </span>1,201<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">1.0<span class=\"_ _20\"> </span><span class=\"ls1ed ws1f2\">610</span></span>Inc<span class=\"_ _1\"/>ome ta<span class=\"_ _1\"/>x expen<span class=\"_ _1\"/>se reco<span class=\"_ _1\"/>gnis<span class=\"_ _1\"/>ed in conso<span class=\"_ _1\"/>lida<span class=\"_ _1\"/>ted st<span class=\"_ _1\"/>ateme<span class=\"_ _1\"/>nt of com<span class=\"_ _1\"/>pre<span class=\"_ _1\"/>hensi<span class=\"_ _1\"/>ve income<span class=\"_ _1aa\"> </span>8.3<span class=\"_ _c0\"> </span>7<span class=\"_ _7\"/>,<span class=\"_ _7\"/>197<span class=\"_ _20\"> </span><span class=\"fc14\">(5.1)<span class=\"_ _175\"> </span>(3,0<span class=\"_ _1\"/>49)</span>Inco<span class=\"_ _1\"/>me tax u<span class=\"_ _1\"/>sing th<span class=\"_ _1\"/>e weig<span class=\"_ _1\"/>hted d<span class=\"_ _1\"/>omes<span class=\"_ _1\"/>tic aver<span class=\"_ _1\"/>age ta<span class=\"_ _1\"/>x ratesThe aver<span class=\"_ _1\"/>age t<span class=\"_ _1\"/>ax rate is computed b<span class=\"_ _1\"/>y multiplying th<span class=\"_ _1\"/>e result before ta<span class=\"_ _1\"/>x of each ta<span class=\"_ _1\"/>x group with th<span class=\"_ _1\"/>e applicable d<span class=\"_ _1\"/>omestic corp<span class=\"_ _1\"/>orate incom<span class=\"_ _1\"/>e tax r<span class=\"_ _1\"/>ates, var<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing from 0<span class=\"_ _1\"/>% to 35%<span class=\"_ _1\"/>. The d<span class=\"_ _1\"/>ecrease of the ave<span class=\"_ _1\"/>rage t<span class=\"_ _1\"/>ax rate compare<span class=\"_ _1\"/>d to prior y<span class=\"_ _1\"/>ear is caused by a signifi<span class=\"_ _1\"/>cantly diff<span class=\"_ _1\"/>erent mix of results in th<span class=\"_ _1\"/>e vario<span class=\"_ _1\"/>us tax groups<span class=\"_ _1\"/>. Chan<span class=\"_ _1\"/>ge in ta<span class=\"_ _1\"/>x rateThe chan<span class=\"_ _1\"/>ges in tax r<span class=\"_ _1\"/>ate in 20<span class=\"_ _1\"/>22 (<span class=\"_ _1\"/>EUR 0<span class=\"_ _1\"/>.9 million) and 202<span class=\"_ _1\"/>1 (EU<span class=\"_ _1\"/>R 7<span class=\"_ _7\"/>.9 million) mainly relate to changes in th<span class=\"_ _1\"/>e United K<span class=\"_ _1\"/>ingdom corp<span class=\"_ _1\"/>orate incom<span class=\"_ _1\"/>e tax r<span class=\"_ _1\"/>ate. This tax r<span class=\"_ _1\"/>ate will increase fr<span class=\"_ _1\"/>om 19<span class=\"_ _1\"/>% to 2<span class=\"_ _1\"/>5% with ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of Apr<span class=\"_ _1\"/>il 202<span class=\"_ _1\"/>3<span class=\"_ _1\"/>.Reco<span class=\"_ _1\"/>gnit<span class=\"_ _1\"/>ion of p<span class=\"_ _1\"/>revio<span class=\"_ _1\"/>usly un<span class=\"_ _1\"/>recog<span class=\"_ _1\"/>nise<span class=\"_ _1\"/>d tax loss<span class=\"_ _1\"/>esThe 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 reco<span class=\"_ _1\"/>gnition is mainly th<span class=\"_ _1\"/>e effe<span class=\"_ _1\"/>ct of debt-forgiveness on n<span class=\"_ _1\"/>on-recoverabl<span class=\"_ _1\"/>e intercompany positi<span class=\"_ _1\"/>ons with Ang<span class=\"_ _1\"/>ola (EU<span class=\"_ _1\"/>R 9.4 million). In addit<span class=\"_ _1\"/>ion, car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y for<span class=\"_ _1\"/>ward l<span class=\"_ _1\"/>osses were re<span class=\"_ _1\"/>cognised in G<span class=\"_ _1\"/>ermany and Fr<span class=\"_ _1\"/>ance. In 20<span class=\"_ _1\"/>21 th<span class=\"_ _1\"/>e recognit<span class=\"_ _1\"/>ion was mainly base<span class=\"_ _1\"/>d on the increase<span class=\"_ _1\"/>d profitab<span class=\"_ _1\"/>ility in t<span class=\"_ _1\"/>he Neth<span class=\"_ _1\"/>erlands. Recognition<span class=\"_ _6\"/> of liqu<span class=\"_ _6\"/>idation lo<span class=\"_ _6\"/>ssesThe re<span class=\"_ _1\"/>cognition of liqui<span class=\"_ _1\"/>dation losses relates f<span class=\"_ _1\"/>or EUR 1<span class=\"_ _1\"/>2.<span class=\"_ _1\"/>4 million to valuat<span class=\"_ _1\"/>ion of tax l<span class=\"_ _1\"/>osses from t<span class=\"_ _1\"/>he anticipated fo<span class=\"_ _1\"/>rmal liquidatio<span class=\"_ _1\"/>n of the remaining le<span class=\"_ _1\"/>gal entities of th<span class=\"_ _1\"/>e Seabe<span class=\"_ _1\"/>d group, which b<span class=\"_ _1\"/>usiness was divested in 2<span class=\"_ _1\"/>021<span class=\"_ _1\"/>. In addit<span class=\"_ _1\"/>ion, liquidati<span class=\"_ _1\"/>on losses of  EU<span class=\"_ _1\"/>R 2.9 million were r<span class=\"_ _1\"/>ecognised in re<span class=\"_ _1\"/>lation to the up<span class=\"_ _1\"/>coming liquidation of an Ir<span class=\"_ _1\"/>ish subsidiar<span class=\"_ _1\"/>y.Wri<span class=\"_ _1\"/>te down o<span class=\"_ _1\"/>f inter<span class=\"_ _1\"/>company p<span class=\"_ _1\"/>ositi<span class=\"_ _1\"/>onsIn the 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1 tax b<span class=\"_ _1\"/>ooks<span class=\"_ _1\"/>, the t<span class=\"_ _1\"/>ax eff<span class=\"_ _1\"/>ect of w<span class=\"_ _1\"/>rite downs of intercompany p<span class=\"_ _1\"/>ositions with Se<span class=\"_ _1\"/>abed Ge<span class=\"_ _1\"/>osolutions and F<span class=\"_ _1\"/>ugro Ang<span class=\"_ _1\"/>ola were re<span class=\"_ _1\"/>cognised for E<span class=\"_ _1\"/>UR 12<span class=\"_ _1\"/>.<span class=\"_ _1\"/>8 million. I<span class=\"_ _1\"/>n 202<span class=\"_ _1\"/>2 th<span class=\"_ _1\"/>e write down f<span class=\"_ _1\"/>or Fugro An<span class=\"_ _1\"/>gola was for<span class=\"_ _1\"/>malised throug<span class=\"_ _1\"/>h a debt<span class=\"_ _6\"/>-forgiveness<span class=\"_ _1\"/>, which was also processe<span class=\"_ _1\"/>d in the commercial b<span class=\"_ _1\"/>ook<span class=\"_ _1\"/>s. This lea<span class=\"_ _1\"/>ds to a reversal in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 for EU<span class=\"_ _1\"/>R 3<span class=\"_ _1\"/>.8 m<span class=\"_ _1\"/>illion.Adjustments for<span class=\"_ _7\"/> pr<span class=\"_ _1\"/>ior y<span class=\"_ _7\"/>ears (<span class=\"_ _6\"/>current)The majo<span class=\"_ _1\"/>rit<span class=\"_ _1\"/>y of the adjustme<span class=\"_ _1\"/>nt relates to a benef<span class=\"_ _1\"/>it of EUR 4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>0 million in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 for the conclusion on a M<span class=\"_ _1\"/>utual Agre<span class=\"_ _1\"/>ement Pro<span class=\"_ _1\"/>cedure bet<span class=\"_ _1\"/>we<span class=\"_ _1\"/>en Nethe<span class=\"_ _1\"/>rlands and N<span class=\"_ _1\"/>or<span class=\"_ _1\"/>way regarding an o<span class=\"_ _1\"/>ld  (20<span class=\"_ _1\"/>0<span class=\"_ _1\"/>8<span class=\"_ _1\"/>-<span class=\"_ _7\"/>2<span class=\"_ _1\"/>01<span class=\"_ _1\"/>2) tr<span class=\"_ _1\"/>ansfer pricing dispute. T<span class=\"_ _1\"/>he proce<span class=\"_ _1\"/>dure resulted in an initial formal con<span class=\"_ _1\"/>clusion in Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, whi<span class=\"_ _1\"/>ch will be finalise<span class=\"_ _1\"/>d in the fir<span class=\"_ _1\"/>st quar<span class=\"_ _1\"/>ter of 20<span class=\"_ _1\"/>23<span class=\"_ _1\"/>.18<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 <span class=\"_ _c\"> </span><span class=\"ff2 fs3 lsfa ws106\">Curre<span class=\"_ _1\"/>nt tax assets and liabiliti<span class=\"_ _1\"/>es</span>The n<span class=\"_ _1\"/>et current ta<span class=\"_ _1\"/>x liability of E<span class=\"_ _1\"/>UR 28<span class=\"_ _1\"/>,<span class=\"_ _1\"/>21<span class=\"_ _1\"/>3 thousand (<span class=\"_ _1\"/>202<span class=\"_ _1\"/>1: EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>,<span class=\"_ _1\"/>5<span class=\"_ _1\"/>78 thousan<span class=\"_ _1\"/>d liability) represe<span class=\"_ _1\"/>nts the ba<span class=\"_ _1\"/>lance of current tax asset<span class=\"_ _1\"/>s and liabilities in resp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>t of current and pri<span class=\"_ _1\"/>or periods less advanc<span class=\"_ _6\"/>e tax payments.18<span class=\"_ _1\"/>.<span class=\"_ _1\"/>3 <span class=\"_ _c\"> </span><span class=\"ff2 fs3 lsfa ws106\">Defe<span class=\"_ _1\"/>rred tax asset<span class=\"_ _1\"/>s and liabilities</span>Recognised def<span class=\"_ _1\"/>erred tax asset<span class=\"_ _1\"/>s and liabilitiesDefe<span class=\"_ _1\"/>rred t<span class=\"_ _1\"/>ax assets and liab<span class=\"_ _1\"/>ilities are at<span class=\"_ _1\"/>tributabl<span class=\"_ _1\"/>e to the follo<span class=\"_ _1\"/>wing items:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1f7\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _9e\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>Asset<span class=\"_ _1\"/>s <span class=\"_ _ee\"> </span>Liabili<span class=\"_ _1\"/>ties<span class=\"_ _111\"> </span>Asset<span class=\"_ _1\"/>s <span class=\"_ _ee\"> </span>Liab<span class=\"_ _1\"/>ilitiesProp<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipm<span class=\"_ _1\"/>ent<span class=\"_ _1f8\"> </span>24,748<span class=\"_ _13d\"> </span>(11,435)<span class=\"_ _9\"> </span><span class=\"ff8 fc14\">28,092<span class=\"_ _145\"> </span>(10,788)</span>Intan<span class=\"_ _1\"/>gible asset<span class=\"_ _1\"/>s<span class=\"_ _1f9\"> </span>127<span class=\"_ _e3\"> </span>(2,473)<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">12<span class=\"_ _1\"/>7<span class=\"_ _3a\"> </span>(2,155)</span>Subo<span class=\"_ _1\"/>rdinated unsecur<span class=\"_ _1\"/>ed conver<span class=\"_ _1\"/>tib<span class=\"_ _1\"/>le bonds-(1,276)-(1,650)Loa<span class=\"_ _1\"/>ns and bor<span class=\"_ _1\"/>rowings-(1,713)-<span class=\"_ _47\"> </span>-Le<span class=\"_ _1\"/>ases<span class=\"_ _1fa\"> </span>23,061<span class=\"_ _10b\"> </span>(21,527)<span class=\"_ _e4\"> </span><span class=\"ff8 fc14 ls1e1 ws1e7\">1<span class=\"_ _1\"/>6,4<span class=\"_ _1\"/>4<span class=\"_ _1\"/>6<span class=\"_ _145\"> </span><span class=\"ls2 ws2\">(15,34<span class=\"_ _1\"/>6)</span></span>Employe<span class=\"_ _1\"/>e benefit<span class=\"_ _1\"/>s<span class=\"_ _1ce\"> </span>2,593<span class=\"_ _a0\"> </span>(5,348)<span class=\"_ _17c\"> </span><span class=\"ff8 fc14\">4,321<span class=\"_ _e5\"> </span>(3,869)</span>Provision<span class=\"_ _7\"/>s<span class=\"_ _1fb\"> </span>6,805<span class=\"_ _17c\"> </span>(5,301)<span class=\"_ _e3\"> </span><span class=\"fc14\">4,967<span class=\"_ _3a\"> </span>(5,313)</span>Li<span class=\"_ _1\"/>quidation l<span class=\"_ _1\"/>osses<span class=\"_ _1dc\"> </span>15,254-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-<span class=\"_ _47\"> </span>-</span>T<span class=\"_ _6\"/>ax loss c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>y-for<span class=\"_ _1\"/>wards <span class=\"_ _a5\"> </span>32,<span class=\"_ _6\"/>443-32,001-Other items<span class=\"_ _1fc\"> </span>4,077<span class=\"_ _9f\"> </span>(2,87<span class=\"_ _1\"/>7)<span class=\"_ _120\"> </span><span class=\"ff8 fc14\">4,080<span class=\"_ _111\"> </span>(3,867<span class=\"_ _1\"/>)</span>Defer<span class=\"_ _1\"/>red tax assets/(liabili<span class=\"_ _1\"/>ties<span class=\"_ _7\"/>)<span class=\"_ _9c\"> </span>109,108<span class=\"_ _47\"> </span>(51,950)<span class=\"_ _59\"> </span><span class=\"fc14\">9<span class=\"_ _1\"/>0,044<span class=\"_ _17f\"> </span>(42,988)</span>Set-of<span class=\"_ _1\"/>f of tax comp<span class=\"_ _1\"/>onent<span class=\"_ _1\"/>s<span class=\"_ _1d8\"> </span>(50,405)<span class=\"_ _175\"> </span><span class=\"ls1e1 ws1e7\">5<span class=\"_ _1\"/>0,4<span class=\"_ _1\"/>05<span class=\"_ _f3\"> </span></span><span class=\"ff8 fc14\">(41,055)<span class=\"_ _145\"> </span>41,05<span class=\"_ _1\"/>5</span>Ref<span class=\"_ _1\"/>le<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d in the s<span class=\"_ _1\"/>tatem<span class=\"_ _1\"/>ent of f<span class=\"_ _1\"/>ina<span class=\"_ _1\"/>ncial position a<span class=\"_ _6\"/>s follows<span class=\"_ _1fd\"> </span>58,703<span class=\"_ _e3\"> </span>(1,5<span class=\"_ _1\"/>45)<span class=\"_ _12e\"> </span><span class=\"fc14\"> 48,989<span class=\"_ _e3\"> </span>(1,933)</span>The re<span class=\"_ _1\"/>cognised def<span class=\"_ _1\"/>erred t<span class=\"_ _1\"/>ax assets ar<span class=\"_ _1\"/>e depen<span class=\"_ _1\"/>dent on future t<span class=\"_ _1\"/>axabl<span class=\"_ _1\"/>e profit<span class=\"_ _1\"/>s in excess of profit<span class=\"_ _1\"/>s arising fro<span class=\"_ _1\"/>m the rever<span class=\"_ _1\"/>sal of existing ta<span class=\"_ _1\"/>xable temp<span class=\"_ _1\"/>orar<span class=\"_ _1\"/>y dif<span class=\"_ _1\"/>fere<span class=\"_ _1\"/>nces. The r<span class=\"_ _1\"/>ecognised amount<span class=\"_ _1\"/>s relate to tax gro<span class=\"_ _1\"/>ups that are profit<span class=\"_ _1\"/>able or are ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted to b<span class=\"_ _1\"/>e profitab<span class=\"_ _1\"/>le in the foreseeable future.<span class=\"_ _6\"/> Management\u2019s projections s<span class=\"_ _6\"/>uppor<span class=\"_ _1\"/>t the a<span class=\"_ _6\"/>ss<span class=\"_ _6\"/>umption th<span class=\"_ _6\"/>at it<span class=\"_ _6\"/> is proba<span class=\"_ _6\"/>ble that the result<span class=\"_ _1\"/>s of future op<span class=\"_ _1\"/>eratio<span class=\"_ _1\"/>ns will gener<span class=\"_ _1\"/>ate enough t<span class=\"_ _1\"/>axable incom<span class=\"_ _1\"/>e to utilise these defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x assets. Co<span class=\"_ _1\"/>nsi<span class=\"_ _6\"/>stent with ot<span class=\"_ _1\"/>her areas such as annual goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt testing<span class=\"_ _1\"/>, climate-related mat<span class=\"_ _1\"/>ters we<span class=\"_ _1\"/>re considered in th<span class=\"_ _1\"/>ese projec<span class=\"_ _1\"/>tions<span class=\"_ _1\"/>. These inclu<span class=\"_ _1\"/>de risks as well as oppo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tunities, in<span class=\"_ _1\"/>cluding the anticipate<span class=\"_ _1\"/>d grow<span class=\"_ _1\"/>th in ac<span class=\"_ _1\"/>tiviti<span class=\"_ _1\"/>es inthe re<span class=\"_ _1\"/>newables mar<span class=\"_ _1\"/>ket segme<span class=\"_ _1\"/>nt. Movem<span class=\"_ _1\"/>ent in te<span class=\"_ _1\"/>mpor<span class=\"_ _1\"/>ar<span class=\"_ _1\"/>y di<span class=\"_ _1\"/>ff<span class=\"_ _1\"/>eren<span class=\"_ _1\"/>ces dur<span class=\"_ _1\"/>ing the yea<span class=\"_ _1\"/>rRecognised in ot<span class=\"_ _1\"/>her Ba<span class=\"_ _1\"/>lanc<span class=\"_ _1\"/>e  Recognised compre<span class=\"ls2 ws2\">-</span>Recognised Ba<span class=\"_ _1\"/>lanc<span class=\"_ _1\"/>e 31 1 Ja<span class=\"_ _1\"/>nuar<span class=\"_ _1\"/>y in pr<span class=\"_ _1\"/>of<span class=\"_ _1\"/>it or he<span class=\"_ _1\"/>nsive dir<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tly i<span class=\"_ _1\"/>n December (E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)2022lossincomeequit<span class=\"_ _1\"/>y2022Prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and equipm<span class=\"_ _1\"/>ent<span class=\"_ _60\"> </span><span class=\"fs6\">17<span class=\"_ _7\"/>,304<span class=\"_ _17c\"> </span>(3,991)</span>-<span class=\"_ _47\"> </span>-13,313Intan<span class=\"_ _1\"/>gible asset<span class=\"_ _1\"/>s <span class=\"_ _1fe\"> </span><span class=\"fs6 ls2 ws2\">(2,028)<span class=\"_ _f2\"> </span>(318)</span>-<span class=\"_ _47\"> </span>-(2,346)Subo<span class=\"_ _1\"/>rdinated unse<span class=\"_ _1\"/>cured conv<span class=\"_ _6\"/>er<span class=\"_ _1\"/>tible<span class=\"_ _6\"/> bonds(1,650)<span class=\"_ _65\"> </span><span class=\"ls1fc ws209\">3<span class=\"_ _1\"/>74</span>-<span class=\"_ _47\"> </span>-(1,276)Loans and borrowing<span class=\"_ _6\"/>s-(1,713)-<span class=\"_ _47\"> </span>-(1,713)Le<span class=\"_ _1\"/>ases<span class=\"_ _8f\"> </span><span class=\"fs6 ls2 ws2\">1,100<span class=\"_ _22\"> </span>434</span>-<span class=\"_ _47\"> </span>-1,534Employe<span class=\"_ _1\"/>e ben<span class=\"_ _1\"/>efits<span class=\"_ _10d\"> </span><span class=\"fs6\">452<span class=\"_ _9f\"> </span>(2,372)<span class=\"_ _17b\"> </span>(835)</span>-(2,755)Pro<span class=\"_ _1\"/>visio<span class=\"_ _1\"/>ns<span class=\"_ _1ff\"> </span><span class=\"fs6 ls2 ws2\">(346)<span class=\"_ _9f\"> </span>1,85<span class=\"_ _1\"/>0</span>-<span class=\"_ _47\"> </span>-1,504Liqui<span class=\"_ _1\"/>dation losses-15,254-<span class=\"_ _47\"> </span>-15,254T<span class=\"_ _7\"/>a<span class=\"_ _1\"/>x loss carr<span class=\"_ _1\"/>y-for<span class=\"_ _1\"/>ward <span class=\"_ _de\"> </span><span class=\"fs6\">32,011<span class=\"_ _65\"> </span> 432</span>-<span class=\"_ _47\"> </span>-32,443Ot<span class=\"_ _1\"/>her items <span class=\"_ _200\"> </span><span class=\"fs6\">213<span class=\"_ _22\"> </span>394<span class=\"_ _22\"> </span>593</span>-1,200E<span class=\"_ _1\"/>xchange diff<span class=\"_ _1\"/>erences -1,494<span class=\"_ _9f\"> </span>(1,494)-<span class=\"_ _47\"> </span>-To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _112\"> </span><span class=\"ls2 ws2\">47<span class=\"_ _7\"/>,056<span class=\"_ _e3\"> </span>11,838<span class=\"_ _9f\"> </span>(1,736)</span>-5<span class=\"_ _0\"/>7,<span class=\"_ _1\"/>1<span class=\"_ _0\"/>5<span class=\"_ _1\"/>8T<span class=\"_ _7\"/>ax loss carry-<span class=\"_ _6\"/>for<span class=\"_ _1\"/>wardThis item mainly consists of d<span class=\"_ _1\"/>eferre<span class=\"_ _1\"/>d tax asset<span class=\"_ _1\"/>s in Nether<span class=\"_ _1\"/>lands, Unite<span class=\"_ _1\"/>d King<span class=\"_ _1\"/>dom and G<span class=\"_ _1\"/>e<span class=\"_ _1\"/>rm<span class=\"_ _1\"/>an<span class=\"_ _1\"/>y.Liquidation lo<span class=\"_ _6\"/>ssesThe 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 movem<span class=\"_ _1\"/>ent relates to recognit<span class=\"_ _1\"/>ion of liquidation l<span class=\"_ _1\"/>osses from th<span class=\"_ _1\"/>e anticipated liquidation of e<span class=\"_ _1\"/>ntities of the Se<span class=\"_ _1\"/>abed gro<span class=\"_ _1\"/>up and an Irish subsidiar<span class=\"_ _1\"/>y<span class=\"_ _6\"/>.Recognised in ot<span class=\"_ _1\"/>her Ba<span class=\"_ _1\"/>lanc<span class=\"_ _1\"/>e  Recognised compre-Recognised Ba<span class=\"_ _1\"/>lanc<span class=\"_ _1\"/>e 31 1 Ja<span class=\"_ _1\"/>nuar<span class=\"_ _1\"/>y in pr<span class=\"_ _1\"/>of<span class=\"_ _1\"/>it or he<span class=\"_ _1\"/>nsive dir<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tly i<span class=\"_ _1\"/>n December (E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)2021lossincomeequit<span class=\"_ _1\"/>y2021Prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipm<span class=\"_ _1\"/>ent<span class=\"_ _1b\"> </span><span class=\"ff8 fc14\">11,04<span class=\"_ _1\"/>0<span class=\"_ _d0\"> </span>6,<span class=\"_ _1\"/>264</span>-<span class=\"_ _47\"> </span>-17<span class=\"_ _7\"/>,304Intan<span class=\"_ _1\"/>gible asset<span class=\"_ _1\"/>s <span class=\"_ _98\"> </span><span class=\"ff8 fc14 ls2 ws2\">(1,<span class=\"_ _7\"/>174)<span class=\"_ _86\"> </span>(854)</span>-<span class=\"_ _47\"> </span>-(2,028)Subo<span class=\"_ _1\"/>rdinated unsecur<span class=\"_ _1\"/>ed conver<span class=\"_ _1\"/>tib<span class=\"_ _1\"/>le bo<span class=\"_ _1\"/>nds<span class=\"_ _1ce\"> </span><span class=\"ff8 fc14 ls2 ws2\">(3,607)<span class=\"_ _e5\"> </span>2,008</span>-(51)<span class=\"_ _36\"> </span>(1,65<span class=\"_ _1\"/>0)Le<span class=\"_ _1\"/>ases<span class=\"_ _201\"> </span><span class=\"ff8 fc14 ls2 ws2\">187<span class=\"_ _20\"> </span>913</span>-<span class=\"_ _47\"> </span>-1,<span class=\"_ _6\"/>100Employe<span class=\"_ _1\"/>e benefit<span class=\"_ _1\"/>s<span class=\"_ _11e\"> </span><span class=\"ff8 fc14 ls2 ws2\">6,855<span class=\"_ _d1\"> </span>(3)<span class=\"_ _47\"> </span>(6,400)</span>-452Provision<span class=\"_ _7\"/>s<span class=\"_ _202\"> </span><span class=\"ff8 fc14 ls2 ws2\">2,696<span class=\"_ _e5\"> </span>(3,042)</span>-<span class=\"_ _47\"> </span>-(346)T<span class=\"_ _6\"/>ax loss c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>y-for<span class=\"_ _1\"/>ward <span class=\"_ _1f6\"> </span><span class=\"ff8 fc14\">19,970<span class=\"_ _9f\"> </span>12,041</span>-<span class=\"_ _47\"> </span>-32,011Ot<span class=\"_ _1\"/>her items <span class=\"_ _3f\"> </span><span class=\"ff8 fc14\">(3,866)<span class=\"_ _65\"> </span>130<span class=\"_ _2b\"> </span>3,9<span class=\"_ _1\"/>49</span>-213E<span class=\"_ _1\"/>xchange dif<span class=\"_ _1\"/>fere<span class=\"_ _1\"/>nces -(2,574)<span class=\"_ _e3\"> </span>2,574-<span class=\"_ _47\"> </span>-To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _7f\"> </span><span class=\"fc14 ls2 ws2\">32,101<span class=\"_ _13d\"> </span>14,883<span class=\"_ _20\"> </span>123<span class=\"_ _7c\"> </span>(51)<span class=\"_ _17a\"> </span>47<span class=\"_ _7\"/>,056</span>18<span class=\"_ _1\"/>.<span class=\"_ _1\"/>4 <span class=\"_ _c\"> </span><span class=\"ff2 fs3 lsfa ws106\">Unrecognised def<span class=\"_ _1\"/>erred tax asset<span class=\"_ _1\"/>s and liabilities</span>Unreco<span class=\"_ _1\"/>gnised defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x assets relate to t<span class=\"_ _1\"/>ax units pr<span class=\"_ _1\"/>eviously suf<span class=\"_ _1\"/>fering losses fo<span class=\"_ _1\"/>r which it is currently n<span class=\"_ _1\"/>ot probabl<span class=\"_ _1\"/>e that future ta<span class=\"_ _1\"/>xable pr<span class=\"_ _1\"/>ofit will be av<span class=\"_ _1\"/>ailable to off<span class=\"_ _1\"/>set these losses<span class=\"_ _1\"/>, taking in<span class=\"_ _6\"/>to ac<span class=\"_ _6\"/>coun<span class=\"_ _7\"/>t f<span class=\"_ _1\"/>is<span class=\"_ _6\"/>cal restrictions on the u<span class=\"_ _6\"/>tili<span class=\"_ _6\"/>sation o<span class=\"_ _6\"/>f loss<span class=\"_ _6\"/> compens<span class=\"_ _6\"/>ation.The deductible temporar<span class=\"_ _1\"/>y differences<span class=\"_ _6\"/> and capital<span class=\"_ _6\"/> allowanc<span class=\"_ _6\"/>es do not<span class=\"_ _6\"/> expire under<span class=\"_ _6\"/> current<span class=\"_ _6\"/> tax l<span class=\"_ _1\"/>egislation. D<span class=\"_ _1\"/>eferr<span class=\"_ _1\"/>ed tax asset<span class=\"_ _1\"/>s have not be<span class=\"_ _1\"/>en recognise<span class=\"_ _1\"/>d in respec<span class=\"_ _1\"/>t of these items<span class=\"_ _1\"/>, be<span class=\"_ _1\"/>cause it is not probabl<span class=\"_ _1\"/>e that future t<span class=\"_ _1\"/>axable pr<span class=\"_ _1\"/>ofit will be av<span class=\"_ _1\"/>ailable against which th<span class=\"_ _1\"/>e Group c<span class=\"_ _1\"/>an utilise these be<span class=\"_ _1\"/>nefit<span class=\"_ _1\"/>s. Unre<span class=\"_ _1\"/>cognised ta<span class=\"_ _1\"/>x assets change<span class=\"_ _1\"/>d over the p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d as follows:Unrec<span class=\"_ _6\"/>ognised<span class=\"_ _7\"/> deferred tax<span class=\"_ _6\"/> ass<span class=\"_ _6\"/>ets(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>As a<span class=\"_ _1\"/>t 1 Jan<span class=\"_ _1\"/>uar<span class=\"_ _1\"/>y <span class=\"_ _1e6\"> </span><span class=\"ff4 fs6 ls2\">285,688<span class=\"_ _d0\"> </span><span class=\"ff8 fc14\">284,498</span></span>Move<span class=\"_ _1\"/>ments dur<span class=\"_ _1\"/>ing the p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d: Addi<span class=\"_ _1\"/>tional unre<span class=\"_ _1\"/>cognised l<span class=\"_ _1\"/>osses and temp<span class=\"_ _1\"/>orar<span class=\"_ _0\"/>y diffe<span class=\"_ _1\"/>rences<span class=\"_ _1b6\"> </span>7<span class=\"_ _7\"/>,858<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">8,<span class=\"_ _7\"/>180</span>Reco<span class=\"_ _1\"/>gnition of p<span class=\"_ _1\"/>revio<span class=\"_ _1\"/>usly unrecogn<span class=\"_ _1\"/>ised ta<span class=\"_ _1\"/>x losses and temp<span class=\"_ _1\"/>ora<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y diff<span class=\"_ _1\"/>erences (<span class=\"_ _1\"/>prof<span class=\"_ _1\"/>it or loss)<span class=\"_ _203\"> </span>(13,528)<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">(13,9<span class=\"_ _1\"/>67)</span>Reco<span class=\"_ _1\"/>gnition of p<span class=\"_ _1\"/>revio<span class=\"_ _1\"/>usly unrecogn<span class=\"_ _1\"/>ised ta<span class=\"_ _1\"/>x losses and temp<span class=\"_ _1\"/>ora<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y diff<span class=\"_ _1\"/>erences (equit<span class=\"_ _1\"/>y)-(5,730)Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of change in t<span class=\"_ _1\"/>ax rates <span class=\"_ _204\"> </span>(933)<span class=\"_ _8d\"> </span><span class=\"ff8 fc14\">963</span>E<span class=\"_ _1\"/>xchange r<span class=\"_ _1\"/>ate diffe<span class=\"_ _1\"/>rences<span class=\"_ _1e1\"> </span>12,<span class=\"_ _6\"/>191<span class=\"_ _5d\"> </span><span class=\"ff8 fc14\">14,911</span>E<span class=\"_ _1\"/>xpirat<span class=\"_ _1\"/>ion of ta<span class=\"_ _1\"/>x losses<span class=\"_ _205\"> </span>(667)<span class=\"_ _6b\"> </span><span class=\"ff8 fc14\">(162)</span>Chang<span class=\"_ _1\"/>e from re<span class=\"_ _1\"/>assessment <span class=\"_ _1ed\"> </span>(1,541)<span class=\"_ _6b\"> </span><span class=\"ff8 fc14\">(107)</span>Acquisitio<span class=\"_ _1\"/>ns and divestm<span class=\"_ _1\"/>ents-(2,898)As a<span class=\"_ _1\"/>t 31 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er an<span class=\"_ _1\"/>d spe<span class=\"_ _1\"/>cif<span class=\"_ _1\"/>ied as f<span class=\"_ _1\"/>ollo<span class=\"_ _1\"/>ws:<span class=\"_ _206\"> </span>289,068<span class=\"_ _3a\"> </span><span class=\"fc14\">285,688</span>T<span class=\"_ _6\"/>ax cre<span class=\"_ _1\"/>dits<span class=\"_ _207\"> </span><span class=\"ls167 wsc4\">7<span class=\"_ _3\"/>,550<span class=\"_ _22\"> </span><span class=\"ff8 fc14 ls2 ws2\">10,<span class=\"_ _6\"/>476</span></span>Deduc<span class=\"_ _1\"/>tible<span class=\"_ _6\"/> temporar<span class=\"_ _1\"/>y difference<span class=\"_ _6\"/>s <span class=\"_ _1f9\"> </span><span class=\"ls2 ws2\">20,363<span class=\"_ _1c9\"> </span><span class=\"ff8 fc14\">15,123</span></span>T<span class=\"_ _6\"/>ax losses <span class=\"_ _208\"> </span>261,<span class=\"_ _7\"/>15<span class=\"_ _1\"/>5<span class=\"_ _3a\"> </span><span class=\"ff8 fc14\">26<span class=\"_ _1\"/>0,089</span>289,068<span class=\"_ _3a\"> </span><span class=\"fc14\">285,688</span>T<span class=\"_ _7\"/>ax loss carry-<span class=\"_ _6\"/>for<span class=\"_ _1\"/>wardThis item mainly consists of d<span class=\"_ _1\"/>eferre<span class=\"_ _1\"/>d tax asset<span class=\"_ _1\"/>s in Australia<span class=\"_ _1\"/>, Singapor<span class=\"_ _1\"/>e and the Unite<span class=\"_ _1\"/>d States. T<span class=\"_ _1\"/>he balance also includes an am<span class=\"_ _1\"/>ount of EUR 6<span class=\"_ _1\"/>5 million relate<span class=\"_ _1\"/>d to the remaining legal e<span class=\"_ _1\"/>ntities in the S<span class=\"_ _1\"/>eabed gr<span class=\"_ _1\"/>oup, which business was diveste<span class=\"_ _1\"/>d in 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>, effe<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>vely limiting the u<span class=\"_ _1\"/>tilizatio<span class=\"_ _1\"/>n of these l<span class=\"_ _1\"/>osses.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Recove<span class=\"_ _1\"/>rab<span class=\"_ _1\"/>ilit<span class=\"_ _1\"/>y of re<span class=\"_ _1\"/>cogn<span class=\"_ _1\"/>ised a<span class=\"_ _1\"/>nd unr<span class=\"_ _1\"/>ecog<span class=\"_ _1\"/>nise<span class=\"_ _1\"/>d defe<span class=\"_ _1\"/>rre<span class=\"_ _1\"/>d tax asse<span class=\"_ _1\"/>ts in r<span class=\"_ _1\"/>espe<span class=\"_ _1\"/>ct o<span class=\"_ _1\"/>f tax los<span class=\"_ _1\"/>ses car<span class=\"_ _1\"/>ri<span class=\"_ _1\"/>ed fo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>wardBet<span class=\"_ _1\"/>we<span class=\"_ _1\"/>en 1 \u2013 5 year<span class=\"_ _1\"/>s<span class=\"_ _209\"> </span>14,984<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">12,<span class=\"_ _1\"/>286</span>Bet<span class=\"_ _1\"/>we<span class=\"_ _1\"/>en 6 \u2013 1<span class=\"_ _1\"/>0 years<span class=\"_ _205\"> </span>25,949<span class=\"_ _6b\"> </span><span class=\"ff8 fc14\">1,272</span>Bet<span class=\"_ _1\"/>we<span class=\"_ _1\"/>en 11 \u2013 2<span class=\"_ _1\"/>0 years<span class=\"_ _20a\"> </span>56,659<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">68,162</span>Indef<span class=\"_ _1\"/>inite<span class=\"_ _20b\"> </span><span class=\"ls2 ws2\">196,00<span class=\"_ _1\"/>6<span class=\"_ _f9\"> </span><span class=\"ff8 fc14\">210,400</span></span>293,598<span class=\"_ _fa\"> </span><span class=\"fc14\">292,120</span>T<span class=\"_ _6\"/>empor<span class=\"_ _1\"/>ar<span class=\"_ _1\"/>y differences relating to investments in subsidiariesAt 31 D<span class=\"_ _1\"/>ecembe<span class=\"_ _1\"/>r 20<span class=\"_ _1\"/>22 a def<span class=\"_ _1\"/>erred t<span class=\"_ _1\"/>ax liabilit<span class=\"_ _1\"/>y of EU<span class=\"_ _1\"/>R 1,<span class=\"_ _1\"/>7<span class=\"_ _1\"/>7<span class=\"_ _1\"/>3 tho<span class=\"_ _1\"/>usand relating to investme<span class=\"_ _1\"/>nts in subsidiaries has bee<span class=\"_ _1\"/>n recognise<span class=\"_ _1\"/>d (202<span class=\"_ _1\"/>1: EU<span class=\"_ _1\"/>R 1<span class=\"_ _1\"/>,674 thousan<span class=\"_ _1\"/>d). N<span class=\"_ _1\"/>o deferre<span class=\"_ _1\"/>d tax liab<span class=\"_ _1\"/>ility is recognise<span class=\"_ _1\"/>d in case Fugro controls wh<span class=\"_ _1\"/>ether th<span class=\"_ _1\"/>e liability w<span class=\"_ _1\"/>ill be incurre<span class=\"_ _1\"/>d and it is satisfie<span class=\"_ _1\"/>d that it will not b<span class=\"_ _1\"/>e incurred in th<span class=\"_ _1\"/>e forese<span class=\"_ _1\"/>eable future du<span class=\"_ _1\"/>e to perman<span class=\"_ _1\"/>ent reinvestment<span class=\"_ _1\"/>s. The ag<span class=\"_ _1\"/>gregate amo<span class=\"_ _1\"/>unt of temporar<span class=\"_ _1\"/>y dif<span class=\"_ _1\"/>fere<span class=\"_ _1\"/>nces for which th<span class=\"_ _1\"/>ese deferr<span class=\"_ _1\"/>ed ta<span class=\"_ _1\"/>x liabilities have bee<span class=\"_ _1\"/>n recognise<span class=\"_ _1\"/>d is EUR 24<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>8<span class=\"_ _1\"/>0 thousan<span class=\"_ _1\"/>d (20<span class=\"_ _1\"/>21: EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>,4<span class=\"_ _1\"/>7<span class=\"_ _1\"/>1 thousand<span class=\"_ _1\"/>).In some of t<span class=\"_ _1\"/>he countries wh<span class=\"_ _1\"/>ere the Gr<span class=\"_ _1\"/>oup oper<span class=\"_ _1\"/>ates, lo<span class=\"_ _1\"/>cal tax law<span class=\"_ _1\"/>s provide t<span class=\"_ _1\"/>hat gains on disposal of cer<span class=\"_ _1\"/>tain assets are t<span class=\"_ _1\"/>ax exempt<span class=\"_ _1\"/>, provi<span class=\"_ _1\"/>ded that th<span class=\"_ _1\"/>e gains are not distribute<span class=\"_ _1\"/>d. The company d<span class=\"_ _1\"/>oes not intend to distr<span class=\"_ _1\"/>ibute such gains; therefo<span class=\"_ _1\"/>re no tax liab<span class=\"_ _1\"/>ilities are rec<span class=\"_ _6\"/>ogn<span class=\"_ _6\"/>is<span class=\"_ _7\"/>ed in t<span class=\"_ _6\"/>hi<span class=\"_ _6\"/>s r<span class=\"_ _6\"/>es<span class=\"_ _6\"/>pect.19.<span class=\"_ _1\"/> <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls1c0 ws1cd\">PROPERTY,<span class=\"_ _7\"/> PL<span class=\"_ _1\"/>ANT AND EQUIPM<span class=\"_ _1\"/>ENT</span>Items of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment are measure<span class=\"_ _1\"/>d at co<span class=\"_ _6\"/>st less accumulated depre<span class=\"_ _1\"/>ciation and a<span class=\"_ _1\"/>ccumulated impairment losses<span class=\"_ _1\"/>. The cost of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and equipme<span class=\"_ _1\"/>nt includes exp<span class=\"_ _1\"/>enditure that is direc<span class=\"_ _1\"/>tly at<span class=\"_ _1\"/>tribut<span class=\"_ _1\"/>able to the a<span class=\"_ _1\"/>cqui<span class=\"_ _6\"/>sition of th<span class=\"_ _1\"/>e asset. T<span class=\"_ _1\"/>he cost of self-construc<span class=\"_ _1\"/>ted assets inclu<span class=\"_ _1\"/>des the costs of mater<span class=\"_ _1\"/>ials and direc<span class=\"_ _1\"/>t labour, any other costs dir<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>ly att<span class=\"_ _1\"/>ributable to b<span class=\"_ _1\"/>ringing the asset<span class=\"_ _1\"/>s to a work<span class=\"_ _1\"/>ing condition for th<span class=\"_ _1\"/>eir intended use<span class=\"_ _1\"/>, the costs of dismantling and rem<span class=\"_ _1\"/>oving the items and r<span class=\"_ _1\"/>estoring the site on whi<span class=\"_ _1\"/>ch they are lo<span class=\"_ _1\"/>cated and c<span class=\"_ _1\"/>apitalised b<span class=\"_ _1\"/>orrow<span class=\"_ _1\"/>ing costs. P<span class=\"_ _1\"/>urchased sof<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ware that is integral to t<span class=\"_ _1\"/>he func<span class=\"_ _1\"/>tionalit<span class=\"_ _1\"/>y of the r<span class=\"_ _1\"/>elated equipme<span class=\"_ _1\"/>nt is capitalised as par<span class=\"_ _1\"/>t of that equi<span class=\"_ _1\"/>pment<span class=\"_ _1\"/>.Prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and equipm<span class=\"_ _1\"/>ent that is being constr<span class=\"_ _1\"/>ucte<span class=\"_ _1\"/>d or develo<span class=\"_ _1\"/>ped fo<span class=\"_ _1\"/>r future use is classified as pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment und<span class=\"_ _1\"/>er construc<span class=\"_ _1\"/>tion an<span class=\"_ _1\"/>d stated at cost until construc<span class=\"_ _1\"/>tion o<span class=\"_ _1\"/>r develop<span class=\"_ _1\"/>ment is complete, at which t<span class=\"_ _1\"/>ime it is reclassifie<span class=\"_ _1\"/>d as land and buildings, pla<span class=\"_ _1\"/>nt and equipment<span class=\"_ _1\"/>, vessels (including jac<span class=\"_ _1\"/>k<span class=\"_ _7\"/>-ups) or other pro<span class=\"_ _1\"/>per<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipm<span class=\"_ _1\"/>ent. Pro<span class=\"_ _1\"/>per<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment is reco<span class=\"_ _1\"/>gnised from t<span class=\"_ _1\"/>he point in time when t<span class=\"_ _1\"/>he Group obt<span class=\"_ _1\"/>ains control. Any (<span class=\"_ _1\"/>pre-)payment<span class=\"_ _1\"/>s made bef<span class=\"_ _1\"/>ore that po<span class=\"_ _1\"/>int in time are classifie<span class=\"_ _1\"/>d as other long-ter<span class=\"_ _1\"/>m asset. Wh<span class=\"_ _1\"/>en par<span class=\"_ _1\"/>ts of an item of pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipme<span class=\"_ _1\"/>nt have different usef<span class=\"_ _1\"/>ul lives, the<span class=\"_ _1\"/>y are accounted for as separ<span class=\"_ _1\"/>ate items (ma<span class=\"_ _6\"/>jor compon<span class=\"_ _1\"/>ents<span class=\"_ _6\"/>) of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and equipme<span class=\"_ _1\"/>nt. The g<span class=\"_ _1\"/>ain or loss on disposal of an item of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>ty, plant and e<span class=\"_ _1\"/>quipment is determine<span class=\"_ _1\"/>d by comparing th<span class=\"_ _1\"/>e procee<span class=\"_ _1\"/>ds from disposal with th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g amount of the prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and equipm<span class=\"_ _1\"/>ent, and is recognise<span class=\"_ _1\"/>d net within \u2018other incom<span class=\"_ _1\"/>e\u2019 or \u2018other exp<span class=\"_ _1\"/>enses\u2019 in profit or l<span class=\"_ _1\"/>oss. Subseque<span class=\"_ _1\"/>nt co<span class=\"_ _6\"/>sts ar<span class=\"_ _1\"/>e included in th<span class=\"_ _1\"/>e asset<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount or reco<span class=\"_ _1\"/>gnised as a separ<span class=\"_ _1\"/>ate asset, as appro<span class=\"_ _1\"/>priate, onl<span class=\"_ _1\"/>y when it is prob<span class=\"_ _1\"/>able that future e<span class=\"_ _1\"/>conomic b<span class=\"_ _1\"/>enefit<span class=\"_ _1\"/>s associated w<span class=\"_ _1\"/>ith the item will f<span class=\"_ _1\"/>low to th<span class=\"_ _1\"/>e group and the cost of th<span class=\"_ _1\"/>e item can be me<span class=\"_ _1\"/>asu<span class=\"_ _6\"/>red reliably. The c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt of any c<span class=\"_ _6\"/>ompo<span class=\"_ _1\"/>nent accounted for as a separ<span class=\"_ _1\"/>ate asset is dere<span class=\"_ _1\"/>cognised whe<span class=\"_ _1\"/>n replaced<span class=\"_ _1\"/>. All other r<span class=\"_ _1\"/>epairs and maintenance are char<span class=\"_ _1\"/>ged to prof<span class=\"_ _1\"/>it or loss during th<span class=\"_ _1\"/>e repor<span class=\"_ _1\"/>ting p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d in which the<span class=\"_ _1\"/>y are incurred<span class=\"_ _1\"/>.Dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n is based on the cost of an asset less it<span class=\"_ _1\"/>s residual value<span class=\"_ _1\"/>. Significant compon<span class=\"_ _1\"/>ents of individual asset<span class=\"_ _1\"/>s are assessed and if a comp<span class=\"_ _1\"/>onent has a useful life that is diffe<span class=\"_ _1\"/>rent from th<span class=\"_ _1\"/>e remainder of that asset<span class=\"_ _1\"/>, that compon<span class=\"_ _1\"/>ent is depreciate<span class=\"_ _1\"/>d separ<span class=\"_ _1\"/>ately. Dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n is recognised in prof<span class=\"_ _1\"/>it or loss on a str<span class=\"_ _1\"/>aight-<span class=\"_ _6\"/>line basis over the estimate<span class=\"_ _1\"/>d useful lives of each comp<span class=\"_ _1\"/>onent of an item of pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment<span class=\"_ _1\"/>. Dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n methods<span class=\"_ _1\"/>, useful lives and residual v<span class=\"_ _1\"/>alues are revi<span class=\"_ _1\"/>ewed at ea<span class=\"_ _1\"/>ch repor<span class=\"_ _1\"/>ting date and adjusted if app<span class=\"_ _1\"/>ropriate. T<span class=\"_ _1\"/>he estimated usef<span class=\"_ _1\"/>ul lives for the cur<span class=\"_ _1\"/>rent and comparat<span class=\"_ _1\"/>ive peri<span class=\"_ _1\"/>od of signific<span class=\"_ _1\"/>ant items of proper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipme<span class=\"_ _1\"/>nt are as follows:Refer to <span class=\"fc14\">no<span class=\"_ _1\"/>te 15</span> Impair<span class=\"_ _1\"/>ments of no<span class=\"_ _1\"/>n-<span class=\"_ _6\"/>financial asset<span class=\"_ _1\"/>s for mor<span class=\"_ _1\"/>e details on Fugro\u2019s approa<span class=\"_ _1\"/>ch to impairment of it<span class=\"_ _1\"/>s proper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipm<span class=\"_ _1\"/>ent.Category<span class=\"_ _13f\"> </span><span class=\"ff2 fs36 ls208 ws214\">Yea<span class=\"_ _1\"/>r<span class=\"_ _1\"/>s</span>L<span class=\"_ _1\"/>and<span class=\"_ _20c\"> </span><span class=\"ls2 ws2\">Infinite</span>Buildings <span class=\"_ _20d\"> </span>20 \u2013 40Plant and e<span class=\"_ _1\"/>quipment inc<span class=\"_ _1\"/>luding ROVs<span class=\"_ _1\"/>, USVs, a<span class=\"_ _1\"/>erial vehi<span class=\"_ _1\"/>cles, e<span class=\"_ _1\"/>tc.<span class=\"_ _1a8\"> </span>3 \u2013 10Vessels including ja<span class=\"_ _1\"/>ck-up platfor<span class=\"_ _1\"/>ms<span class=\"_ _1bb\"> </span>2 \u2013 25Other<span class=\"_ _71\"> </span><span class=\"ls2 ws2\">1 \u2013 5</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _20e\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022</span>Fix<span class=\"_ _1\"/>ed ass<span class=\"_ _1\"/>ets L<span class=\"_ _1\"/>and an<span class=\"_ _1\"/>d Pla<span class=\"_ _1\"/>nt an<span class=\"_ _1\"/>d und<span class=\"_ _1\"/>er buildingsequipment<span class=\"_ _c0\"> </span><span class=\"ls19e ws19e\">Vessels</span>construc<span class=\"_ _1\"/>tion<span class=\"_ _1c9\"> </span>Othe<span class=\"_ _1\"/>r<span class=\"_ _60\"> </span><span class=\"ls1b5 ws1b9\">Total</span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y Cost<span class=\"_ _20f\"> </span><span class=\"ls2 ws2\">184,982<span class=\"_ _d0\"> </span>908,634<span class=\"_ _fa\"> </span>760,750<span class=\"_ _6e\"> </span>48,7<span class=\"_ _1\"/>16<span class=\"_ _c0\"> </span>141,568<span class=\"_ _17a\"> </span>2,0<span class=\"_ _1\"/>44,650</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _210\"> </span>(92,397)<span class=\"_ _f3\"> </span>(820,338)<span class=\"_ _f3\"> </span>(465,406)-(131,349)<span class=\"_ _12e\"> </span>(1,50<span class=\"_ _1\"/>9,490)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _211\"> </span><span class=\"ls2 ws2\">92,585<span class=\"_ _6f\"> </span>88,296<span class=\"_ _d0\"> </span>295,34<span class=\"_ _1\"/>4<span class=\"_ _a1\"> </span>4<span class=\"_ _1\"/>8,716<span class=\"_ _24\"> </span>10,219<span class=\"_ _fa\"> </span><span class=\"ls43 ws4b\">535,<span class=\"_ _7\"/>160</span></span>Change in c<span class=\"_ _6\"/>arr<span class=\"_ _1\"/>ying amount:Investmen<span class=\"_ _7\"/>t<span class=\"_ _1\"/>s<span class=\"_ _212\"> </span><span class=\"ls2 ws2\">1,579<span class=\"_ _24\"> </span>21,378<span class=\"_ _6e\"> </span>18,859<span class=\"_ _22\"> </span>76,918<span class=\"_ _5d\"> </span>4,365<span class=\"_ _fa\"> </span>123,0<span class=\"_ _1\"/>99</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ans<span class=\"_ _6\"/>fers from fixed asse<span class=\"_ _6\"/>ts under con<span class=\"_ _7\"/>str<span class=\"_ _1\"/>uction<span class=\"_ _213\"> </span><span class=\"ls2 ws2\">8,<span class=\"_ _6\"/>167<span class=\"_ _65\"> </span><span class=\"ls1e1 ws1e7\">30,4<span class=\"_ _1\"/>0<span class=\"_ _1\"/>5<span class=\"_ _1c9\"> </span></span>32,<span class=\"_ _6\"/>110<span class=\"_ _b4\"> </span>(<span class=\"_ _1\"/>71,25<span class=\"_ _1\"/>3)<span class=\"_ _e0\"> </span><span class=\"ls39 ws216\">571</span></span>-Depreciation<span class=\"_ _214\"> </span><span class=\"ls2 ws2\">(4,925)<span class=\"_ _17c\"> </span>(40,9<span class=\"_ _1\"/>07)<span class=\"_ _9f\"> </span>(39,46<span class=\"_ _1\"/>8)</span>-(5,311)<span class=\"_ _38\"> </span>(90,611)Impairment<span class=\"_ _6\"/> (loss<span class=\"_ _6\"/>) / reversal<span class=\"_ _215\"> </span><span class=\"ls2 ws2\">(198)</span>-(1,<span class=\"_ _6\"/>168)-<span class=\"_ _e3\"> </span>-(1,366)Disp<span class=\"_ _1\"/>osals <span class=\"_ _216\"> </span><span class=\"ls2 ws2\">(21,342)<span class=\"_ _70\"> </span>(320)<span class=\"_ _24\"> </span>(1,<span class=\"_ _6\"/>169)<span class=\"_ _87\"> </span>(326)<span class=\"_ _8e\"> </span>(30)<span class=\"_ _fa\"> </span>(2<span class=\"_ _1\"/>3,<span class=\"_ _7\"/>187<span class=\"_ _1\"/>)</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of move<span class=\"_ _1\"/>ment in for<span class=\"_ _1\"/>eign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _217\"> </span>2,865<span class=\"_ _e0\"> </span>808<span class=\"_ _61\"> </span>11,748<span class=\"_ _a3\"> </span><span class=\"ls87 ws3b\">89<span class=\"_ _f5\"> </span></span>124<span class=\"_ _22\"> </span>15,634T<span class=\"_ _6\"/>ransfe<span class=\"_ _1\"/>rs fro<span class=\"_ _1\"/>m / (<span class=\"_ _6\"/>to<span class=\"_ _6\"/>) assets c<span class=\"_ _1\"/>lassified as h<span class=\"_ _1\"/>eld for s<span class=\"_ _1\"/>ale<span class=\"_ _218\"> </span>(1,<span class=\"_ _6\"/>147)<span class=\"_ _d1\"> </span><span class=\"ls87 ws3b\">82<span class=\"_ _1\"/>3<span class=\"_ _87\"> </span></span>1,690-<span class=\"_ _e3\"> </span>-1,366T<span class=\"_ _6\"/>otal changes<span class=\"_ _219\"> </span><span class=\"ls2 ws2\">(15,001)<span class=\"_ _a1\"> </span>12,<span class=\"_ _7\"/>187<span class=\"_ _9b\"> </span>22,602<span class=\"_ _5d\"> </span>5,428<span class=\"_ _ae\"> </span>(281)<span class=\"_ _17b\"> </span>24,935</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er Cost<span class=\"_ _21a\"> </span><span class=\"ls2 ws2\">167<span class=\"_ _7\"/>,<span class=\"_ _6\"/>180<span class=\"_ _f9\"> </span>85<span class=\"_ _1\"/>8,575<span class=\"_ _39\"> </span>834,642<span class=\"_ _6e\"> </span>54,144<span class=\"_ _6f\"> </span>131,023<span class=\"_ _47\"> </span>2,0<span class=\"_ _1\"/>45,564</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _21b\"> </span>(89,596)<span class=\"_ _13\"> </span>(<span class=\"_ _1\"/>758,092)<span class=\"_ _13d\"> </span>(51<span class=\"_ _1\"/>6,696)-(121,085)<span class=\"_ _33\"> </span>(1,485,469)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _21c\"> </span>7<span class=\"_ _0\"/>7,<span class=\"_ _0\"/>5<span class=\"_ _0\"/>8<span class=\"_ _0\"/>4<span class=\"_ _f9\"> </span><span class=\"ls2 ws2\">10<span class=\"_ _1\"/>0,483<span class=\"_ _38\"> </span>317<span class=\"_ _7\"/>,946<span class=\"_ _84\"> </span>5<span class=\"_ _1\"/>4,<span class=\"_ _7\"/>14<span class=\"_ _1\"/>4<span class=\"_ _1c9\"> </span>9,938<span class=\"_ _3a\"> </span><span class=\"ls43 ws4b\">560,095</span></span>Disposal<span class=\"_ _7\"/>s include a sale<span class=\"_ _6\"/> and leas<span class=\"_ _6\"/>eback transaction for the Nootdorp propert<span class=\"_ _1\"/>y in the Neth<span class=\"_ _1\"/>erlands<span class=\"_ _1\"/>. Refer to <span class=\"fc14\">note 2<span class=\"_ _1\"/>0</span> Leases<span class=\"_ _1\"/>. A reclassificat<span class=\"_ _1\"/>ion adjustment of EU<span class=\"_ _1\"/>R 83<span class=\"_ _1\"/>.<span class=\"_ _1\"/>8 million was recorde<span class=\"_ _1\"/>d at 31 De<span class=\"_ _1\"/>cember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 in Cost and A<span class=\"_ _1\"/>ccumu<span class=\"_ _6\"/>lated dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n for assets pr<span class=\"_ _1\"/>eviously di<span class=\"_ _7\"/>sposed<span class=\"_ _6\"/>.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _21d\"> </span><span class=\"ff7 fs3 ls1dc ws1e2\">2021</span>Fix<span class=\"_ _1\"/>ed ass<span class=\"_ _1\"/>ets L<span class=\"_ _1\"/>and an<span class=\"_ _1\"/>d Pla<span class=\"_ _1\"/>nt an<span class=\"_ _1\"/>d und<span class=\"_ _1\"/>er buildingsequipment<span class=\"_ _c0\"> </span><span class=\"ls19e ws19e\">Vessels</span>construc<span class=\"_ _1\"/>tion<span class=\"_ _1c9\"> </span>Othe<span class=\"_ _1\"/>r<span class=\"_ _60\"> </span><span class=\"ls1b5 ws1b9\">Total</span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y Cost<span class=\"_ _140\"> </span><span class=\"ff8 fc14 ls2 ws2\">180,6<span class=\"_ _6\"/>13<span class=\"_ _d0\"> </span>896,854<span class=\"_ _c0\"> </span>76<span class=\"_ _6\"/>1,749<span class=\"_ _b4\"> </span>22,588<span class=\"_ _fa\"> </span>133,<span class=\"_ _6\"/>44<span class=\"_ _1\"/>8<span class=\"_ _12\"> </span>1,99<span class=\"_ _1\"/>5,252</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _21b\"> </span><span class=\"ff8 fc14\">(86,87<span class=\"_ _6\"/>4)<span class=\"_ _e5\"> </span>(807<span class=\"_ _3\"/>,391)<span class=\"_ _120\"> </span>(452,613)</span>-(125,331)<span class=\"_ _33\"> </span>(1,472,209)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _211\"> </span><span class=\"fc14 ls2 ws2\">93,7<span class=\"_ _1\"/>39<span class=\"_ _6f\"> </span><span class=\"ls87 ws3b\">89,4<span class=\"_ _1\"/>63<span class=\"_ _f9\"> </span></span>3<span class=\"_ _1\"/>09,<span class=\"_ _6\"/>136<span class=\"_ _b4\"> </span>22,5<span class=\"_ _1\"/>88<span class=\"_ _8d\"> </span>8,<span class=\"_ _7\"/>117<span class=\"_ _d0\"> </span>52<span class=\"_ _1\"/>3,043</span>Change in c<span class=\"_ _6\"/>arr<span class=\"_ _1\"/>ying amount:Investmen<span class=\"_ _7\"/>t<span class=\"_ _1\"/>s<span class=\"_ _21e\"> </span>376<span class=\"_ _22\"> </span><span class=\"ls2 ws2\">25,631<span class=\"_ _6b\"> </span><span class=\"ls1fd ws20a\">7,<span class=\"_ _1\"/>8<span class=\"_ _0\"/>1<span class=\"_ _1\"/>6<span class=\"_ _21f\"> </span></span>40,420<span class=\"_ _61\"> </span><span class=\"ls1e1 ws1e7\">5<span class=\"_ _1\"/>,4<span class=\"_ _1\"/>40<span class=\"_ _65\"> </span></span>7<span class=\"_ _1\"/>9,683</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ans<span class=\"_ _6\"/>fers from fixed asse<span class=\"_ _6\"/>ts under con<span class=\"_ _7\"/>str<span class=\"_ _1\"/>uction<span class=\"_ _ba\"> </span><span class=\"ff8 fc14 ls2 ws2\">1,631<span class=\"_ _21\"> </span>11,664<span class=\"_ _89\"> </span>1,678<span class=\"_ _5f\"> </span>(16,011)<span class=\"_ _21\"> </span>1,038</span>-Depreciation<span class=\"_ _220\"> </span><span class=\"ff8 fc14 ls2 ws2\">(4,890)<span class=\"_ _e3\"> </span>(39,089)<span class=\"_ _39\"> </span>(36,313)</span>-(4,772)<span class=\"_ _e3\"> </span>(85,0<span class=\"_ _1\"/>64)Impairment<span class=\"_ _6\"/> (loss<span class=\"_ _6\"/>) / rev<span class=\"_ _6\"/>ersal<span class=\"_ _215\"> </span><span class=\"ff8 fc14 ls2 ws2\">(185)<span class=\"_ _22\"> </span>(1,<span class=\"_ _6\"/>185)<span class=\"_ _84\"> </span>3,34<span class=\"_ _1\"/>4</span>-<span class=\"_ _e3\"> </span>-1,974Disp<span class=\"_ _1\"/>osals<span class=\"_ _221\"> </span><span class=\"ff8 fc14 ls2 ws2\">(2,046)<span class=\"_ _87\"> </span>(526)<span class=\"_ _6f\"> </span>(1,80<span class=\"_ _1\"/>4)<span class=\"_ _89\"> </span>(16<span class=\"_ _1\"/>6)<span class=\"_ _8e\"> </span>(<span class=\"_ _1\"/>78)<span class=\"_ _37\"> </span>(4,620)</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of move<span class=\"_ _1\"/>ment in for<span class=\"_ _1\"/>eign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _222\"> </span><span class=\"ff8 fc14\">3,960<span class=\"_ _89\"> </span>3,413<span class=\"_ _84\"> </span>12,904<span class=\"_ _87\"> </span>1,885<span class=\"_ _b2\"> </span>478<span class=\"_ _9b\"> </span>22,640</span>T<span class=\"_ _6\"/>ransfe<span class=\"_ _1\"/>rs fro<span class=\"_ _1\"/>m / (<span class=\"_ _6\"/>to<span class=\"_ _6\"/>) assets c<span class=\"_ _1\"/>lassified as h<span class=\"_ _1\"/>eld for s<span class=\"_ _1\"/>ale-(1,075)<span class=\"_ _22\"> </span>(1,417)-(4)<span class=\"_ _c0\"> </span><span class=\"ls2 ws2\">(2,496)</span>T<span class=\"_ _6\"/>otal changes<span class=\"_ _223\"> </span><span class=\"fc14 ls2 ws2\">(1,<span class=\"_ _6\"/>154)<span class=\"_ _6e\"> </span>(1,167)<span class=\"_ _39\"> </span>(13,792)<span class=\"_ _37\"> </span>26,128<span class=\"_ _87\"> </span>2,102<span class=\"_ _7c\"> </span>12,117</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er Cost<span class=\"_ _224\"> </span><span class=\"ff8 fc14 ls2 ws2\">184,982<span class=\"_ _3a\"> </span>908,63<span class=\"_ _1\"/>4<span class=\"_ _f9\"> </span>760,750<span class=\"_ _5f\"> </span>48,7<span class=\"_ _1\"/>16<span class=\"_ _37\"> </span>141,56<span class=\"_ _1\"/>8<span class=\"_ _175\"> </span>2,04<span class=\"_ _1\"/>4,650</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _225\"> </span><span class=\"ff8 fc14\">(92,397)<span class=\"_ _e4\"> </span>(820,338)<span class=\"_ _e4\"> </span>(465,406)</span>-(131,349)<span class=\"_ _122\"> </span>(1,509,490)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _211\"> </span><span class=\"fc14 ls2 ws2\">92,585<span class=\"_ _6f\"> </span>88,296<span class=\"_ _d0\"> </span>295,34<span class=\"_ _1\"/>4<span class=\"_ _a1\"> </span>4<span class=\"_ _1\"/>8,716<span class=\"_ _24\"> </span>10,219<span class=\"_ _fa\"> </span><span class=\"ls43 ws4b\">535,<span class=\"_ _7\"/>160</span></span>L<span class=\"_ _1\"/>ast year<span class=\"_ _6\"/>, Fugro announ<span class=\"_ _1\"/>ced its net ze<span class=\"_ _1\"/>ro carbo<span class=\"_ _1\"/>n emissions commitment by 20<span class=\"_ _1\"/>3<span class=\"_ _1\"/>5 (<span class=\"fc14\">note 36</span>). The mar<span class=\"_ _1\"/>itime sec<span class=\"_ _1\"/>tor will fa<span class=\"_ _1\"/>ce more challenging custo<span class=\"_ _1\"/>mer nee<span class=\"_ _1\"/>ds and tighter re<span class=\"_ _1\"/>gulations with resp<span class=\"_ _1\"/>ect to v<span class=\"_ _1\"/>essel emissions and maritim<span class=\"_ _1\"/>e fuels in the fo<span class=\"_ _1\"/>reseeabl<span class=\"_ _1\"/>e future. I<span class=\"_ _1\"/>t follows that the asset cate<span class=\"_ _1\"/>gor<span class=\"_ _1\"/>y vessels is most ex<span class=\"_ _1\"/>posed to t<span class=\"_ _1\"/>he inherent risk of impairm<span class=\"_ _1\"/>ent from climate-related mat<span class=\"_ _1\"/>ter<span class=\"_ _1\"/>s than the othe<span class=\"_ _1\"/>r categor<span class=\"_ _1\"/>ies. T<span class=\"_ _1\"/>he Group assesse<span class=\"_ _1\"/>d whether t<span class=\"_ _1\"/>hese develo<span class=\"_ _1\"/>pments sho<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ten the curre<span class=\"_ _1\"/>nt estimates of vessel useful lives and tr<span class=\"_ _1\"/>igger s<span class=\"_ _1\"/>o-calle<span class=\"_ _1\"/>d str<span class=\"_ _1\"/>anded asset<span class=\"_ _1\"/>s. No impa<span class=\"_ _1\"/>ct on usef<span class=\"_ _1\"/>ul lives or trig<span class=\"_ _1\"/>gering eve<span class=\"_ _1\"/>nts for impair<span class=\"_ _1\"/>ment were identif<span class=\"_ _1\"/>ied. I<span class=\"_ _1\"/>t is fur<span class=\"_ _1\"/>therm<span class=\"_ _1\"/>ore noted t<span class=\"_ _1\"/>hat Fugro\u2019s vessels are used glob<span class=\"_ _1\"/>ally across all sec<span class=\"_ _1\"/>tors<span class=\"_ _1\"/>, and that time<span class=\"_ _1\"/>ly capital e<span class=\"_ _1\"/>xpendit<span class=\"_ _1\"/>ures will be made w<span class=\"_ _1\"/>ithin the nex<span class=\"_ _1\"/>t de<span class=\"_ _1\"/>cade.20<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws1f9\">LEASES</span>Accounting policies Fug<span class=\"_ _1\"/>ro as lesseeDef<span class=\"_ _1\"/>initi<span class=\"_ _1\"/>on of a leaseAt inceptio<span class=\"_ _1\"/>n of a contrac<span class=\"_ _1\"/>t, th<span class=\"_ _1\"/>e Group assesses whe<span class=\"_ _1\"/>ther a contra<span class=\"_ _1\"/>ct is, o<span class=\"_ _1\"/>r contains, a lease. A contrac<span class=\"_ _1\"/>t is, or cont<span class=\"_ _1\"/>ains, a lease if the contr<span class=\"_ _1\"/>act convey<span class=\"_ _1\"/>s the right to control t<span class=\"_ _1\"/>he use of an identified as<span class=\"_ _6\"/>set for a period of<span class=\"_ _6\"/> time in<span class=\"_ _6\"/> exchange<span class=\"_ _6\"/> for con<span class=\"_ _6\"/>sideration. At inc<span class=\"_ _7\"/>eption or on reassessment of a contra<span class=\"_ _1\"/>ct that contains a lease comp<span class=\"_ _1\"/>onent and on<span class=\"_ _1\"/>e or more addit<span class=\"_ _1\"/>ional lease or<span class=\"_ _6\"/> non-lea<span class=\"_ _7\"/>se components, the Group allocate<span class=\"_ _6\"/>s the con<span class=\"_ _7\"/>sideration in the c<span class=\"_ _6\"/>ontract to each lease comp<span class=\"_ _1\"/>onent on th<span class=\"_ _1\"/>e basis of their relative st<span class=\"_ _1\"/>and-alone selling pr<span class=\"_ _1\"/>ices. How<span class=\"_ _1\"/>ever, for leases of pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y and e<span class=\"_ _1\"/>quipment, t<span class=\"_ _1\"/>he Group has ele<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d not to separ<span class=\"_ _1\"/>ate non-lease components and<span class=\"_ _6\"/> acc<span class=\"_ _6\"/>ount<span class=\"_ _6\"/> for the lease<span class=\"_ _6\"/> and non-<span class=\"_ _7\"/>lease components as<span class=\"_ _6\"/> a si<span class=\"_ _6\"/>ngle lea<span class=\"_ _6\"/>se component. Recognitio<span class=\"_ _6\"/>n and me<span class=\"_ _6\"/>asuremen<span class=\"_ _6\"/>tThe G<span class=\"_ _1\"/>roup recognises a r<span class=\"_ _1\"/>ight<span class=\"_ _6\"/>-of-use a<span class=\"_ _6\"/>sset and lease liabilit<span class=\"_ _1\"/>y at th<span class=\"_ _1\"/>e lease commenc<span class=\"_ _6\"/>ement d<span class=\"_ _6\"/>ate. The Group a<span class=\"_ _6\"/>pplies the<span class=\"_ _6\"/> short-<span class=\"_ _6\"/>term lease<span class=\"_ _6\"/> recognition e<span class=\"_ _6\"/>xemption t<span class=\"_ _6\"/>o its sho<span class=\"_ _1\"/>rt te<span class=\"_ _1\"/>rm leases of vessels<span class=\"_ _1\"/>, proper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y and e<span class=\"_ _1\"/>quipment (i.<span class=\"_ _1\"/>e., those l<span class=\"_ _1\"/>eases that have a lease ter<span class=\"_ _1\"/>m of 12 months or less f<span class=\"_ _1\"/>rom the comme<span class=\"_ _1\"/>ncement date and do not contain a purchase optio<span class=\"_ _1\"/>n<span class=\"_ _6\"/>). The G<span class=\"_ _1\"/>roup also applies th<span class=\"_ _1\"/>e lease of low-value asset<span class=\"_ _1\"/>s recognit<span class=\"_ _1\"/>ion exemption. Lease<span class=\"_ _6\"/> payments on short<span class=\"_ _6\"/>-term lea<span class=\"_ _7\"/>ses and lease<span class=\"_ _6\"/>s of low<span class=\"_ _6\"/>-value a<span class=\"_ _6\"/>ssets are<span class=\"_ _6\"/> recognise<span class=\"_ _1\"/>d as an expense o<span class=\"_ _1\"/>n a straight-line basis over the lease term<span class=\"_ _1\"/>.The r<span class=\"_ _1\"/>ight<span class=\"_ _7\"/>-<span class=\"_ _1\"/>of<span class=\"_ _6\"/>-use asset is initially measured at cost. Cost comp<span class=\"_ _1\"/>rises the initial am<span class=\"_ _1\"/>ount of the le<span class=\"_ _1\"/>ase liability adjuste<span class=\"_ _1\"/>d for any lease pay<span class=\"_ _1\"/>ments made at o<span class=\"_ _1\"/>r before t<span class=\"_ _1\"/>he commenceme<span class=\"_ _1\"/>nt date, plus any initial direc<span class=\"_ _1\"/>t costs incurr<span class=\"_ _1\"/>ed and an estimate of costs to dismantle and remove t<span class=\"_ _1\"/>he underl<span class=\"_ _1\"/>ying asset or to restor<span class=\"_ _1\"/>e the under<span class=\"_ _1\"/>lying asset or th<span class=\"_ _1\"/>e site on which it is lo<span class=\"_ _1\"/>cated<span class=\"_ _1\"/>, less any lease incentives re<span class=\"_ _1\"/>ceived.The r<span class=\"_ _1\"/>ight<span class=\"_ _7\"/>-<span class=\"_ _1\"/>of<span class=\"_ _6\"/>-use asset is sub<span class=\"_ _6\"/>seque<span class=\"_ _1\"/>ntly depre<span class=\"_ _1\"/>ciated using the st<span class=\"_ _1\"/>raight-l<span class=\"_ _6\"/>ine meth<span class=\"_ _1\"/>od from the comme<span class=\"_ _1\"/>ncement date to the ear<span class=\"_ _1\"/>lier of the end of t<span class=\"_ _1\"/>he useful life of the r<span class=\"_ _1\"/>ight<span class=\"_ _7\"/>-<span class=\"_ _1\"/>of<span class=\"_ _6\"/>-use asset or the en<span class=\"_ _1\"/>d of the lease ter<span class=\"_ _1\"/>m. The es<span class=\"_ _1\"/>timated useful lives of ri<span class=\"_ _1\"/>ght<span class=\"_ _7\"/>-of-use assets are determ<span class=\"_ _1\"/>ined on th<span class=\"_ _1\"/>e same basis as those of prope<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>y, plant and equipm<span class=\"_ _1\"/>ent. In ad<span class=\"_ _1\"/>dition, the r<span class=\"_ _1\"/>ight<span class=\"_ _7\"/>-<span class=\"_ _1\"/>of<span class=\"_ _7\"/>-use asset is pe<span class=\"_ _1\"/>riodic<span class=\"_ _1\"/>ally reduce<span class=\"_ _1\"/>d by impairment losses<span class=\"_ _1\"/>, if any<span class=\"_ _6\"/>, and adjusted for certain remeas<span class=\"_ _7\"/>urements of the lease<span class=\"_ _6\"/> liabi<span class=\"_ _6\"/>lity.The l<span class=\"_ _1\"/>ease liability is me<span class=\"_ _1\"/>asu<span class=\"_ _6\"/>red at th<span class=\"_ _1\"/>e present valu<span class=\"_ _1\"/>e of the lease paym<span class=\"_ _1\"/>ents that are no<span class=\"_ _1\"/>t paid at the comm<span class=\"_ _1\"/>encement date. T<span class=\"_ _1\"/>he discount rate is the interest r<span class=\"_ _1\"/>ate implicit in the lease or, if that rate cannot b<span class=\"_ _1\"/>e readily dete<span class=\"_ _1\"/>rmined<span class=\"_ _1\"/>, the Gro<span class=\"_ _1\"/>up\u2019<span class=\"_ _6\"/>s increme<span class=\"_ _1\"/>ntal bor<span class=\"_ _1\"/>rowing rate. G<span class=\"_ _1\"/>ener<span class=\"_ _1\"/>ally, the Group uses it<span class=\"_ _1\"/>s increm<span class=\"_ _1\"/>ental bor<span class=\"_ _1\"/>rowing r<span class=\"_ _1\"/>ate as the discount rate.The G<span class=\"_ _1\"/>roup deter<span class=\"_ _1\"/>mines the lease ter<span class=\"_ _1\"/>m as the non-c<span class=\"_ _1\"/>ancellable term of th<span class=\"_ _1\"/>e lease, tog<span class=\"_ _1\"/>ether with any p<span class=\"_ _1\"/>eriods covere<span class=\"_ _1\"/>d by an option to e<span class=\"_ _1\"/>xte<span class=\"_ _1\"/>nd the lease if it is reasonab<span class=\"_ _1\"/>ly cer<span class=\"_ _1\"/>tain to be exercise<span class=\"_ _1\"/>d, or any pe<span class=\"_ _1\"/>riods covere<span class=\"_ _1\"/>d by an option to ter<span class=\"_ _1\"/>minate the lease<span class=\"_ _1\"/>, if it is reasonably cer<span class=\"_ _1\"/>tain not to be e<span class=\"_ _1\"/>xercised.Lease p<span class=\"_ _1\"/>ayments inc<span class=\"_ _1\"/>luded in the m<span class=\"_ _1\"/>easurement of the lease liabilit<span class=\"_ _1\"/>y compr<span class=\"_ _1\"/>ise the following: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>fix<span class=\"_ _1\"/>ed payme<span class=\"_ _1\"/>nts, inclu<span class=\"_ _1\"/>ding in-<span class=\"_ _7\"/>subst<span class=\"_ _1\"/>ance fixe<span class=\"_ _1\"/>d payment<span class=\"_ _1\"/>s; <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>variab<span class=\"_ _1\"/>le lease paym<span class=\"_ _1\"/>ents that dep<span class=\"_ _1\"/>end on an inde<span class=\"_ _1\"/>x, initia<span class=\"_ _1\"/>lly measured using the inde<span class=\"_ _1\"/>x as at the commencem<span class=\"_ _1\"/>ent date; <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>amount<span class=\"_ _1\"/>s expe<span class=\"_ _1\"/>cted to b<span class=\"_ _1\"/>e payable un<span class=\"_ _1\"/>der a residual valu<span class=\"_ _1\"/>e guarantee; an<span class=\"_ _1\"/>d <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>the exe<span class=\"_ _1\"/>rcise price under a p<span class=\"_ _1\"/>urchase option that th<span class=\"_ _1\"/>e Group is reasonabl<span class=\"_ _1\"/>y cer<span class=\"_ _1\"/>tain to exercise<span class=\"_ _1\"/>, lease payment<span class=\"_ _1\"/>s in an optional re<span class=\"_ _1\"/>newal p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d if the Group is reaso<span class=\"_ _1\"/>nably certain to exerci<span class=\"_ _7\"/>se an extension option;<span class=\"_ _6\"/> and <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>penalt<span class=\"_ _1\"/>ies for earl<span class=\"_ _1\"/>y termination of a l<span class=\"_ _1\"/>ease unless the Gro<span class=\"_ _1\"/>up is reasonably cer<span class=\"_ _1\"/>tain not to terminate ear<span class=\"_ _1\"/>ly.The l<span class=\"_ _1\"/>ease liability is me<span class=\"_ _1\"/>asu<span class=\"_ _6\"/>red at amo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tised cost using the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest met<span class=\"_ _1\"/>hod. I<span class=\"_ _1\"/>t is remeasu<span class=\"_ _6\"/>red when: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>ther<span class=\"_ _1\"/>e is a change in future le<span class=\"_ _1\"/>ase payments ar<span class=\"_ _1\"/>ising from a change in an in<span class=\"_ _1\"/>dex or if ther<span class=\"_ _1\"/>e is a change in the Gro<span class=\"_ _1\"/>up\u2019<span class=\"_ _6\"/>s estimate of the am<span class=\"_ _1\"/>ount expe<span class=\"_ _1\"/>cted to b<span class=\"_ _1\"/>e payabl<span class=\"_ _1\"/>e under a residual v<span class=\"_ _1\"/>alue guarante<span class=\"_ _1\"/>e. In thes<span class=\"_ _1\"/>e cases, the l<span class=\"_ _1\"/>ease liabilit<span class=\"_ _1\"/>y is remeasured by discounting the rev<span class=\"_ _1\"/>ised lease paym<span class=\"_ _1\"/>ents by using the initial discount r<span class=\"_ _1\"/>ate (<span class=\"_ _7\"/>unless th<span class=\"_ _1\"/>e lease paym<span class=\"_ _1\"/>ents chang<span class=\"_ _1\"/>e is due to a change in a fl<span class=\"_ _1\"/>oating interest r<span class=\"_ _1\"/>ate, in which case a revise<span class=\"_ _1\"/>d disc<span class=\"_ _6\"/>ount rate is used<span class=\"_ _1\"/>); <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>the G<span class=\"_ _1\"/>roup changes it<span class=\"_ _1\"/>s assessment of whether i<span class=\"_ _1\"/>t will exercise a purchase, e<span class=\"_ _1\"/>xtension o<span class=\"_ _1\"/>r terminati<span class=\"_ _1\"/>on option<span class=\"_ _1\"/>. In this case, th<span class=\"_ _1\"/>e lease liabilit<span class=\"_ _1\"/>y is remeasured by discounting the revise<span class=\"_ _1\"/>d lease payment<span class=\"_ _1\"/>s using a revised discount rate; <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>a lease contra<span class=\"_ _1\"/>ct is mo<span class=\"_ _1\"/>dified an<span class=\"_ _1\"/>d the lease mo<span class=\"_ _1\"/>dificati<span class=\"_ _1\"/>on is not accounted for as a separ<span class=\"_ _1\"/>ate lease. In this case<span class=\"_ _1\"/>, the lease liabilit<span class=\"_ _1\"/>y is reme<span class=\"_ _1\"/>as<span class=\"_ _6\"/>ured by discounting th<span class=\"_ _1\"/>e revise<span class=\"_ _1\"/>d lease payment<span class=\"_ _1\"/>s using a revised discount rate<span class=\"_ _1\"/>.Wh<span class=\"_ _1\"/>en the lease liabilit<span class=\"_ _1\"/>y is rem<span class=\"_ _1\"/>easured in this way, a corresponding a<span class=\"_ _1\"/>djustment is made to the car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amount of th<span class=\"_ _1\"/>e right<span class=\"_ _6\"/>-of-use asset, or is record<span class=\"_ _1\"/>ed in profi<span class=\"_ _1\"/>t and loss if the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the ri<span class=\"_ _1\"/>ght<span class=\"_ _7\"/>-of-use asset has been r<span class=\"_ _1\"/>educed to zero<span class=\"_ _1\"/>.Lease p<span class=\"_ _1\"/>ayments ar<span class=\"_ _1\"/>e allocated b<span class=\"_ _1\"/>et<span class=\"_ _1\"/>ween th<span class=\"_ _1\"/>e liability an<span class=\"_ _1\"/>d finance exp<span class=\"_ _1\"/>enses (interest costs). The f<span class=\"_ _1\"/>inance cost is charged to the conso<span class=\"_ _1\"/>lidated statem<span class=\"_ _1\"/>ent of comprehensive income over the l<span class=\"_ _1\"/>ease peri<span class=\"_ _1\"/>od so as to produ<span class=\"_ _1\"/>ce a c<span class=\"_ _6\"/>onstant p<span class=\"_ _1\"/>eriodi<span class=\"_ _1\"/>c rate of interest on th<span class=\"_ _1\"/>e remaining balance of th<span class=\"_ _1\"/>e liability f<span class=\"_ _1\"/>or each pe<span class=\"_ _1\"/>riod<span class=\"_ _1\"/>.Acco<span class=\"_ _6\"/>unting<span class=\"_ _6\"/> policies Fugr<span class=\"_ _6\"/>o as<span class=\"_ _6\"/> lessorThe Group does not act as<span class=\"_ _6\"/> lessor<span class=\"_ _7\"/>. Acc<span class=\"_ _6\"/>ordingly<span class=\"_ _7\"/>, no acc<span class=\"_ _6\"/>ounti<span class=\"_ _6\"/>ng policies for<span class=\"_ _6\"/> lessors are<span class=\"_ _6\"/> applicable.The G<span class=\"_ _1\"/>roup\u2019s lease por<span class=\"_ _1\"/>t<span class=\"_ _1\"/>folio consists of vessels, p<span class=\"_ _1\"/>roper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y and e<span class=\"_ _1\"/>quipment.V<span class=\"_ _6\"/>esselsThe n<span class=\"_ _1\"/>on-cancellable p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>ds of vessel leases var<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>rom 3 to 9 years<span class=\"_ _1\"/>. The G<span class=\"_ _1\"/>roup has options to ex<span class=\"_ _1\"/>tend, ter<span class=\"_ _1\"/>minate or purchase cer<span class=\"_ _1\"/>tain vessel le<span class=\"_ _1\"/>ases. Thes<span class=\"_ _1\"/>e options fa<span class=\"_ _1\"/>cilitate the Gr<span class=\"_ _1\"/>oup\u2019s asse<span class=\"_ _6\"/>t por<span class=\"_ _1\"/>tfolio man<span class=\"_ _6\"/>agement to<span class=\"_ _6\"/> market c<span class=\"_ _7\"/>onditions. Periods co<span class=\"_ _6\"/>vered by extension<span class=\"_ _6\"/> options and terminat<span class=\"_ _1\"/>ion options are g<span class=\"_ _1\"/>ener<span class=\"_ _1\"/>ally not ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ted in the le<span class=\"_ _1\"/>ase term, du<span class=\"_ _1\"/>e to the reasonabl<span class=\"_ _1\"/>y cert<span class=\"_ _1\"/>ain threshold<span class=\"_ _1\"/>. Purchase options are n<span class=\"_ _1\"/>ot reasonably cer<span class=\"_ _1\"/>tain to b<span class=\"_ _1\"/>e exercised<span class=\"_ _1\"/>, with th<span class=\"_ _1\"/>e exception of the g<span class=\"_ _1\"/>eotechni<span class=\"_ _1\"/>cal vessels Fugro Scout an<span class=\"_ _1\"/>d Fugro Voyager as f<span class=\"_ _1\"/>urt<span class=\"_ _1\"/>her explaine<span class=\"_ _1\"/>d belo<span class=\"_ _1\"/>w. Lease paym<span class=\"_ _1\"/>ents gen<span class=\"_ _1\"/>erally inclu<span class=\"_ _1\"/>de a fixe<span class=\"_ _1\"/>d compone<span class=\"_ _1\"/>nt (<span class=\"_ _7\"/>e<span class=\"_ _1\"/>.g. a fi<span class=\"_ _1\"/>xed day rate). In additio<span class=\"_ _1\"/>n, var<span class=\"_ _1\"/>iable lease paym<span class=\"_ _1\"/>ents based o<span class=\"_ _1\"/>n the utilisation of vesse<span class=\"_ _1\"/>ls are applied in the industr<span class=\"_ _0\"/>y<span class=\"_ _6\"/>. The G<span class=\"_ _1\"/>roup t<span class=\"_ _1\"/>ypicall<span class=\"_ _1\"/>y guarantees a minimum utilisatio<span class=\"_ _1\"/>n rate (e.g. a minimum number of char<span class=\"_ _1\"/>ter day<span class=\"_ _1\"/>s per annum at a pred<span class=\"_ _1\"/>etermine<span class=\"_ _1\"/>d day rate), which is refle<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d in the lease l<span class=\"_ _6\"/>iabil<span class=\"_ _6\"/>ity. The sen<span class=\"_ _6\"/>sitivity of repor<span class=\"_ _1\"/>ted in<span class=\"_ _7\"/>formation to the aforemen<span class=\"_ _7\"/>t<span class=\"_ _1\"/>ioned variables<span class=\"_ _6\"/> (<span class=\"_ _6\"/>e.g. future v<span class=\"_ _1\"/>ariable le<span class=\"_ _1\"/>ase payment<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) is low.Proper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>yThe G<span class=\"_ _1\"/>roup has more than 2<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y leases, whic<span class=\"_ _1\"/>h consi<span class=\"_ _6\"/>st of land and buildings (e.g. off<span class=\"_ _1\"/>ices, lab<span class=\"_ _1\"/>orator<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>acilities<span class=\"_ _1\"/>, wareho<span class=\"_ _1\"/>uses and housing). Th<span class=\"_ _1\"/>e lease terms v<span class=\"_ _1\"/>ar<span class=\"_ _1\"/>y from 2 to 2<span class=\"_ _1\"/>0 years<span class=\"_ _1\"/>. L<span class=\"_ _1\"/>and leases have long<span class=\"_ _1\"/>er durations t<span class=\"_ _1\"/>han buildings. Th<span class=\"_ _1\"/>e oper<span class=\"_ _1\"/>ational and f<span class=\"_ _1\"/>inancial eff<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ts of ex<span class=\"_ _1\"/>tension or ter<span class=\"_ _1\"/>mination optio<span class=\"_ _1\"/>ns are not significant<span class=\"_ _1\"/>. In par<span class=\"_ _1\"/>ticular, some leases of off<span class=\"_ _1\"/>ice buildings contain ex<span class=\"_ _1\"/>tension optio<span class=\"_ _1\"/>ns exercisable by th<span class=\"_ _1\"/>e Group whic<span class=\"_ _1\"/>h provide operational flexibility. The Grou<span class=\"_ _6\"/>p as<span class=\"_ _6\"/>sesses<span class=\"_ _6\"/> at lea<span class=\"_ _6\"/>se com<span class=\"_ _6\"/>mencement<span class=\"_ _6\"/> whether it i<span class=\"_ _6\"/>s reasonabl<span class=\"_ _1\"/>y cert<span class=\"_ _1\"/>ain to exercise the o<span class=\"_ _1\"/>ptions. T<span class=\"_ _1\"/>he Group reassesses w<span class=\"_ _1\"/>hether it is reaso<span class=\"_ _1\"/>nably cer<span class=\"_ _1\"/>tain to exercise th<span class=\"_ _1\"/>e options if the<span class=\"_ _1\"/>re is a significant event or signif<span class=\"_ _1\"/>icant change in circumstances wit<span class=\"_ _1\"/>hin its control. T<span class=\"_ _1\"/>he prev<span class=\"_ _1\"/>alence of the exe<span class=\"_ _1\"/>rcise of options that wer<span class=\"_ _1\"/>e not include<span class=\"_ _1\"/>d in the measurement of le<span class=\"_ _1\"/>ase liabilities is low. Fixe<span class=\"_ _1\"/>d lease payment<span class=\"_ _1\"/>s are gene<span class=\"_ _1\"/>rally subjec<span class=\"_ _1\"/>t to peri<span class=\"_ _1\"/>odic adjustme<span class=\"_ _1\"/>nt to market rentals by means of a ret<span class=\"_ _1\"/>ail price index and<span class=\"_ _1\"/>/or in-s<span class=\"_ _6\"/>ubstance f<span class=\"_ _1\"/>ixed annual rent esc<span class=\"_ _1\"/>alations. T<span class=\"_ _1\"/>he relative magnit<span class=\"_ _1\"/>ude of rent escalati<span class=\"_ _1\"/>ons and retail pr<span class=\"_ _1\"/>ice index adjustment<span class=\"_ _1\"/>s compared to t<span class=\"_ _1\"/>he fixe<span class=\"_ _1\"/>d lease paym<span class=\"_ _1\"/>ents is not signifi<span class=\"_ _1\"/>cant.Equipmen<span class=\"_ _1\"/>tThe G<span class=\"_ _1\"/>roup has more than 4<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0 equipme<span class=\"_ _1\"/>nt leases, comprising vehi<span class=\"_ _1\"/>cles, I<span class=\"_ _1\"/>T equipment (data stor<span class=\"_ _1\"/>age, copie<span class=\"_ _1\"/>rs, pr<span class=\"_ _1\"/>inters<span class=\"_ _1\"/>, scanner<span class=\"_ _1\"/>s, ser<span class=\"_ _1\"/>ver<span class=\"_ _1\"/>s etc.), telecom (tele<span class=\"_ _1\"/>com, radi<span class=\"_ _1\"/>o and satellite devices), aerial vehic<span class=\"_ _1\"/>les, drilling e<span class=\"_ _1\"/>quipment, comp<span class=\"_ _1\"/>ressors<span class=\"_ _1\"/>, subsea equipment and cr<span class=\"_ _1\"/>anes. The aver<span class=\"_ _1\"/>age lease te<span class=\"_ _1\"/>rm is 2 years<span class=\"_ _1\"/>. The lease pay<span class=\"_ _1\"/>ments are g<span class=\"_ _1\"/>ener<span class=\"_ _1\"/>ally fixe<span class=\"_ _1\"/>d in nature.Right-of-use a<span class=\"_ _6\"/>ssets(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _226\"> </span>Vessels<span class=\"_ _e3\"> </span><span class=\"ls1b5 ws1b9\">Prop<span class=\"_ _1\"/>ert<span class=\"_ _1\"/>y<span class=\"_ _34\"> </span><span class=\"ls198 ws199\">Equipment<span class=\"_ _60\"> </span></span>Total</span>Balan<span class=\"_ _1\"/>ce at 1 Januar<span class=\"_ _1\"/>y 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2<span class=\"_ _94\"> </span>71,026<span class=\"_ _5f\"> </span>67<span class=\"_ _7\"/>,254<span class=\"_ _8d\"> </span><span class=\"ls2 ws2\">5,141<span class=\"_ _6f\"> </span>143,421</span>Balan<span class=\"_ _1\"/>ce at 31 Dece<span class=\"_ _1\"/>mber 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _b0\"> </span>94,906<span class=\"_ _5f\"> </span>94,681<span class=\"_ _d1\"> </span>7<span class=\"_ _7\"/>,317<span class=\"_ _17b\"> </span>196,904Balan<span class=\"_ _1\"/>ce at 1 Januar<span class=\"_ _1\"/>y 20<span class=\"_ _1\"/>21<span class=\"_ _94\"> </span><span class=\"ff8 fc14\">62,637<span class=\"_ _a1\"> </span>68,9<span class=\"_ _1\"/>01<span class=\"_ _5d\"> </span><span class=\"ls1e1 ws1e7\">3,4<span class=\"_ _1\"/>69<span class=\"_ _b3\"> </span></span>135,007</span>Balan<span class=\"_ _1\"/>ce at 31 Dece<span class=\"_ _1\"/>mber 2<span class=\"_ _1\"/>021<span class=\"_ _1b5\"> </span>71,026<span class=\"_ _84\"> </span>67<span class=\"_ _7\"/>,254<span class=\"_ _8d\"> </span><span class=\"ls2 ws2\">5,<span class=\"_ _7\"/>141<span class=\"_ _6f\"> </span>143,421</span>Depreciati<span class=\"_ _1\"/>on <span class=\"ls2 ws2\"> </span>Additions <span class=\"ls2 ws2\"> </span>Depreciati<span class=\"_ _1\"/>on <span class=\"ls2 ws2\"> </span>Additions <span class=\"ls2 ws2\"> </span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)2022202220212021Ves<span class=\"_ _1\"/>se<span class=\"_ _1\"/>ls<span class=\"_ _227\"> </span>14,860<span class=\"_ _5f\"> </span>15,9<span class=\"_ _1\"/>60<span class=\"_ _21\"> </span><span class=\"ff8 fc14\">12,416<span class=\"_ _87\"> </span><span class=\"ls43 ws4b\">7<span class=\"_ _7\"/>,354</span></span>Proper<span class=\"_ _1\"/>ty<span class=\"_ _228\"> </span>13,755<span class=\"_ _5f\"> </span>39,9<span class=\"_ _1\"/>91<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">12,29<span class=\"_ _1\"/>9<span class=\"_ _21f\"> </span>10,898</span>Equip<span class=\"_ _1\"/>ment<span class=\"_ _2a\"> </span>3,059<span class=\"_ _70\"> </span>4,743<span class=\"_ _5d\"> </span><span class=\"ff8 fc14\">2,32<span class=\"_ _1\"/>5<span class=\"_ _73\"> </span>3,072</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _229\"> </span>31,674<span class=\"_ _c0\"> </span>60,694<span class=\"_ _21f\"> </span><span class=\"fc14 ls43 ws4b\">27<span class=\"_ _7\"/>,040<span class=\"_ _84\"> </span><span class=\"ls2 ws2\">21,324</span></span>The g<span class=\"_ _1\"/>eotechni<span class=\"_ _1\"/>cal vessels Fugro Voyage<span class=\"_ _1\"/>r and Fugro Scout ar<span class=\"_ _1\"/>e currently le<span class=\"_ _1\"/>ased. To secure availabilit<span class=\"_ _1\"/>y of these vesse<span class=\"_ _1\"/>ls in the future<span class=\"_ _1\"/>, Fugro exerc<span class=\"_ _1\"/>ised its purchase o<span class=\"_ _1\"/>ptions on 28 F<span class=\"_ _1\"/>ebruar<span class=\"_ _1\"/>y 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. The ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted de<span class=\"_ _1\"/>liver<span class=\"_ _1\"/>y date is 14 July 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>3<span class=\"_ _1\"/>. The n<span class=\"_ _1\"/>et impac<span class=\"_ _1\"/>t of the remeasureme<span class=\"_ _1\"/>nt adjustment was a EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million increase in ri<span class=\"_ _1\"/>ght<span class=\"_ _7\"/>-of-use assets and a EU<span class=\"_ _1\"/>R 14<span class=\"_ _1\"/>.0 million re<span class=\"_ _1\"/>duct<span class=\"_ _1\"/>ion of the le<span class=\"_ _1\"/>ase liability. The cash pay<span class=\"_ _1\"/>ment in consequence of exercising the p<span class=\"_ _1\"/>urchase options will be n<span class=\"_ _1\"/>et of the dep<span class=\"_ _1\"/>osit which was prese<span class=\"_ _1\"/>nted in other investment<span class=\"_ _1\"/>s (EU<span class=\"_ _1\"/>R 3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>7 million) and is now include<span class=\"_ _1\"/>d as par<span class=\"_ _1\"/>t of the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the right of use asset. F<span class=\"_ _1\"/>ugro is currently invest<span class=\"_ _1\"/>igating financ<span class=\"_ _1\"/>ing alternatives an<span class=\"_ _1\"/>d struc<span class=\"_ _1\"/>tures with th<span class=\"_ _1\"/>e lessor<span class=\"_ _6\"/>. A fur<span class=\"_ _1\"/>ther r<span class=\"_ _1\"/>emeasurement adjustm<span class=\"_ _1\"/>ent may be require<span class=\"_ _1\"/>d in the futur<span class=\"_ _1\"/>e, af<span class=\"_ _1\"/>ter completion<span class=\"_ _6\"/> of ongoing<span class=\"_ _6\"/> negotiations. Addition<span class=\"_ _6\"/>s excl<span class=\"_ _6\"/>ude the remeas<span class=\"_ _7\"/>urements as explai<span class=\"_ _6\"/>ned above<span class=\"_ _1\"/>, and relate, amo<span class=\"_ _1\"/>ng other<span class=\"_ _1\"/>s, to a new of<span class=\"_ _1\"/>fi<span class=\"_ _1\"/>ce building in MEI and n<span class=\"_ _1\"/>ew vessel leases<span class=\"_ _1\"/>.Refer to <span class=\"fc14\">no<span class=\"_ _1\"/>te 34</span> \u2018<span class=\"_ _1\"/>Financial risk manag<span class=\"_ _1\"/>ement<span class=\"_ _1\"/>\u2019 for th<span class=\"_ _1\"/>e maturities of lease liabilit<span class=\"_ _1\"/>ies.Amo<span class=\"_ _1\"/>unts r<span class=\"_ _1\"/>ecogn<span class=\"_ _1\"/>ised in p<span class=\"_ _1\"/>rof<span class=\"_ _1\"/>it and l<span class=\"_ _1\"/>oss(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Interest<span class=\"_ _6\"/> on lease<span class=\"_ _6\"/> liabi<span class=\"_ _6\"/>lities<span class=\"_ _bd\"> </span><span class=\"ls2 ws2\">6,391<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">5,581</span></span>Variabl<span class=\"_ _1\"/>e lease paym<span class=\"_ _1\"/>ents not in<span class=\"_ _1\"/>clude<span class=\"_ _1\"/>d in the measurem<span class=\"_ _1\"/>ent of lease liabilit<span class=\"_ _1\"/>ies<span class=\"_ _22a\"> </span><span class=\"ls2 ws2\">11,792<span class=\"_ _89\"> </span><span class=\"ff8 fc14\">6,212</span></span>Lo<span class=\"_ _1\"/>w-valu<span class=\"_ _1\"/>e asset e<span class=\"_ _1\"/>xpe<span class=\"_ _1\"/>nse<span class=\"_ _bd\"> </span><span class=\"ls2 ws2\">12,393<span class=\"_ _24\"> </span><span class=\"ff8 fc14\">10,128</span></span>E<span class=\"_ _1\"/>xpenses r<span class=\"_ _1\"/>elating to sho<span class=\"_ _1\"/>rt-term le<span class=\"_ _1\"/>ases<span class=\"_ _22b\"> </span>130,283<span class=\"_ _65\"> </span><span class=\"ff8 fc14\">99,635</span>Amo<span class=\"_ _1\"/>unts r<span class=\"_ _1\"/>ecogn<span class=\"_ _1\"/>ised in t<span class=\"_ _1\"/>he stat<span class=\"_ _1\"/>emen<span class=\"_ _1\"/>t of cash f<span class=\"_ _1\"/>lows(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Total cash o<span class=\"_ _1\"/>utf<span class=\"_ _1\"/>lo<span class=\"_ _1\"/>w for le<span class=\"_ _1\"/>ases<span class=\"_ _12b\"> </span>42,335<span class=\"_ _24\"> </span><span class=\"fc14\">31,<span class=\"_ _6\"/>180</span>Fugro do<span class=\"_ _1\"/>es not ac<span class=\"_ _1\"/>t as lessor<span class=\"_ _6\"/>.The sam<span class=\"_ _1\"/>e additional climate-re<span class=\"_ _1\"/>lated impairme<span class=\"_ _1\"/>nt trigge<span class=\"_ _1\"/>r assessment as explained in <span class=\"fc14\">note </span>19<span class=\"fc2 ls2 ws2\"> was per<span class=\"_ _1\"/>form<span class=\"_ _1\"/>ed for lease<span class=\"_ _1\"/>d vessels. Fugr<span class=\"_ _1\"/>o considers the av<span class=\"_ _1\"/>ailabilit<span class=\"_ _1\"/>y of \u2018<span class=\"_ _6\"/>green\u2019 le<span class=\"_ _1\"/>ases. </span>Vessel conversion plans (e.g. hyb<span class=\"_ _1\"/>rid techn<span class=\"_ _1\"/>olog<span class=\"_ _1\"/>y<span class=\"_ _6\"/>) also cover material lease<span class=\"_ _1\"/>d vessels. No triggering events were iden<span class=\"_ _6\"/>tified.Sale and<span class=\"_ _6\"/> leasebackFugro o<span class=\"_ _1\"/>ccasionally enters into a sale an<span class=\"_ _1\"/>d leaseback tr<span class=\"_ _1\"/>ansac<span class=\"_ _1\"/>tion to fre<span class=\"_ _1\"/>e up capital thr<span class=\"_ _1\"/>ough asset<span class=\"_ _6\"/>-based f<span class=\"_ _1\"/>inancing of non-op<span class=\"_ _1\"/>erating asset<span class=\"_ _1\"/>s at favour<span class=\"_ _1\"/>able terms<span class=\"_ _1\"/>, whilst continuing to use such assets<span class=\"_ _1\"/>. On 14 Se<span class=\"_ _1\"/>ptember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, Fugro signe<span class=\"_ _1\"/>d a sale and leaseba<span class=\"_ _1\"/>ck arran<span class=\"_ _1\"/>gement for th<span class=\"_ _1\"/>e Nootdo<span class=\"_ _1\"/>rp prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y in the Neth<span class=\"_ _1\"/>erlands with a t<span class=\"_ _1\"/>hird par<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>. The pro<span class=\"_ _1\"/>per<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y was sold f<span class=\"_ _1\"/>or a cash considerati<span class=\"_ _1\"/>on of EUR 2<span class=\"_ _1\"/>5<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million (excluding VA<span class=\"_ _7\"/>T an<span class=\"_ _1\"/>d real estate tr<span class=\"_ _1\"/>ansfer tax<span class=\"_ _1\"/>). The f<span class=\"_ _1\"/>air value of the p<span class=\"_ _1\"/>roper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y was est<span class=\"_ _1\"/>imated at EUR 2<span class=\"_ _1\"/>2<span class=\"_ _1\"/>.7 m<span class=\"_ _1\"/>illion. The l<span class=\"_ _1\"/>ease term is t<span class=\"_ _1\"/>went<span class=\"_ _1\"/>y years<span class=\"_ _1\"/>, excluding ex<span class=\"_ _1\"/>tension opti<span class=\"_ _1\"/>ons up to thir<span class=\"_ _1\"/>ty y<span class=\"_ _1\"/>ears. L<span class=\"_ _1\"/>ease payme<span class=\"_ _1\"/>nts are pre<span class=\"_ _1\"/>determine<span class=\"_ _1\"/>d and subjec<span class=\"_ _1\"/>t to customar<span class=\"_ _1\"/>y annual index<span class=\"_ _1\"/>ations. Fu<span class=\"_ _1\"/>gro has a right of fir<span class=\"_ _1\"/>st refusal to acquire the pro<span class=\"_ _1\"/>per<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y during th<span class=\"_ _1\"/>e lease at the same ar<span class=\"_ _1\"/>m\u2019<span class=\"_ _6\"/>s lengt<span class=\"_ _1\"/>h price as a third par<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y agrees to p<span class=\"_ _1\"/>ay to the lesso<span class=\"_ _1\"/>r for the sale of t<span class=\"_ _1\"/>he prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>ty. The t<span class=\"_ _1\"/>ransac<span class=\"_ _1\"/>tion qualifi<span class=\"_ _1\"/>es as a sale applyin<span class=\"_ _1\"/>g  IF<span class=\"_ _1\"/>RS 1<span class=\"_ _1\"/>5<span class=\"_ _1\"/>.Fugro accounted fo<span class=\"_ _1\"/>r the disposal of the p<span class=\"_ _1\"/>roper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y with a r<span class=\"_ _1\"/>ight of use asset and lease liabilit<span class=\"_ _1\"/>y recognise<span class=\"_ _1\"/>d in respec<span class=\"_ _1\"/>t of the le<span class=\"_ _1\"/>aseback on 1<span class=\"_ _1\"/>5 Septemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>22 (the cl<span class=\"_ _1\"/>osing date<span class=\"_ _7\"/>). T<span class=\"_ _1\"/>he cash considerat<span class=\"_ _1\"/>ion of the sale exce<span class=\"_ _1\"/>eds the f<span class=\"_ _1\"/>air value of the pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y. This above-market te<span class=\"_ _1\"/>rm amounting to EU<span class=\"_ _1\"/>R 2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million was treate<span class=\"_ _1\"/>d as additional f<span class=\"_ _1\"/>inancing provid<span class=\"_ _1\"/>ed to Fugro by t<span class=\"_ _1\"/>he buyer-lessor and exclu<span class=\"_ _1\"/>ded fro<span class=\"_ _1\"/>m the gain on sale c<span class=\"_ _1\"/>alculation. T<span class=\"_ _1\"/>he par<span class=\"_ _1\"/>tial gain re<span class=\"_ _1\"/>cognition metho<span class=\"_ _1\"/>d in IFR<span class=\"_ _1\"/>S 16 w<span class=\"_ _1\"/>as applied<span class=\"_ _1\"/>, considering the p<span class=\"_ _1\"/>ropor<span class=\"_ _1\"/>ti<span class=\"_ _1\"/>on of rights t<span class=\"_ _1\"/>ransferre<span class=\"_ _1\"/>d to the buyer/<span class=\"_ _1\"/>lessor and rig<span class=\"_ _1\"/>hts retaine<span class=\"_ _1\"/>d by Fugro. A<span class=\"_ _1\"/>ccordingly, a gain on sale of the prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y was determ<span class=\"_ _1\"/>ined at EU<span class=\"_ _1\"/>R 58<span class=\"_ _1\"/>3 thousan<span class=\"_ _1\"/>d and presented in ot<span class=\"_ _1\"/>her income. T<span class=\"_ _1\"/>he total cash infl<span class=\"_ _1\"/>ow of EU<span class=\"_ _1\"/>R 25<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million w<span class=\"_ _1\"/>as presented as a f<span class=\"_ _1\"/>inancing cash inflow of EU<span class=\"_ _1\"/>R 1<span class=\"_ _1\"/>8.<span class=\"_ _1\"/>0 million (refle<span class=\"_ _1\"/>cting the r<span class=\"_ _1\"/>ights retain<span class=\"_ _1\"/>ed by Fugro) and an investing cash inflo<span class=\"_ _1\"/>w of EUR 7.2 million (ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ting the right<span class=\"_ _1\"/>s transfer<span class=\"_ _1\"/>red by Fugro) in the consolidated s<span class=\"_ _1\"/>tatement of cash f<span class=\"_ _1\"/>lows. T<span class=\"_ _1\"/>he financ<span class=\"_ _1\"/>ing cash inflow is th<span class=\"_ _1\"/>e sum of the lease liabilit<span class=\"_ _1\"/>y and additi<span class=\"_ _1\"/>onal financing pr<span class=\"_ _1\"/>ovided b<span class=\"_ _1\"/>y the buyer/lessor. The remaining amo<span class=\"_ _1\"/>unt is the investing cash inflow.21<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls11c ws3e\">INT<span class=\"_ _7\"/>ANGIBLE<span class=\"_ _7\"/> ASSETS<span class=\"_ _6\"/> INCL<span class=\"_ _6\"/>UDING<span class=\"_ _7\"/> GOOD<span class=\"_ _6\"/>WILL</span>Go<span class=\"_ _1\"/>odwill that arises up<span class=\"_ _1\"/>on the acquisition of subsidiaries is pr<span class=\"_ _1\"/>esented with intan<span class=\"_ _1\"/>gible assets<span class=\"_ _1\"/>. For th<span class=\"_ _1\"/>e measurement of go<span class=\"_ _1\"/>odwill at initial re<span class=\"_ _1\"/>cognition<span class=\"_ _1\"/>, goo<span class=\"_ _1\"/>dwill is measured at cost less accumulated impairme<span class=\"_ _1\"/>nt losses. Go<span class=\"_ _1\"/>odwill is allo<span class=\"_ _1\"/>cated to cash gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s and is not amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d but is tested for imp<span class=\"_ _1\"/>airment annually and wh<span class=\"_ _1\"/>en there is an indicatio<span class=\"_ _1\"/>n for impairme<span class=\"_ _1\"/>nt. The m<span class=\"_ _1\"/>easurement date of the annual go<span class=\"_ _1\"/>odwill impairm<span class=\"_ _1\"/>ent test is 3<span class=\"_ _1\"/>0 Septemb<span class=\"_ _1\"/>er<span class=\"_ _7\"/>. I<span class=\"_ _1\"/>n respec<span class=\"_ _1\"/>t of equit<span class=\"_ _1\"/>y-acc<span class=\"_ _6\"/>ounted investe<span class=\"_ _1\"/>es, the c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt of goo<span class=\"_ _1\"/>dwill is included in t<span class=\"_ _1\"/>he carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the investme<span class=\"_ _1\"/>nt, and any impair<span class=\"_ _1\"/>ment loss is allocate<span class=\"_ _1\"/>d to the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the e<span class=\"_ _1\"/>quity-accounted investee as a wh<span class=\"_ _1\"/>ole.Fugro incur<span class=\"_ _1\"/>s explor<span class=\"_ _1\"/>ation and e<span class=\"_ _1\"/>valuation (<span class=\"_ _1\"/>E&amp;E<span class=\"_ _1\"/>) cost<span class=\"_ _1\"/>s in Australian are<span class=\"_ _1\"/>as of in<span class=\"_ _6\"/>terest in cooperation with Finder<span class=\"_ _6\"/> Explor<span class=\"_ _1\"/>ation Pt<span class=\"_ _1\"/>y Ltd (Fi<span class=\"_ _6\"/>nder),<span class=\"_ _6\"/> Theia Energy Pt<span class=\"_ _1\"/>y Ltd (<span class=\"_ _1\"/>Theia)<span class=\"_ _6\"/> and Finder re<span class=\"_ _1\"/>lated par<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>. These asset<span class=\"_ _1\"/>s are considered n<span class=\"_ _1\"/>on-core business. E&amp;<span class=\"_ _1\"/>E assets are classified as intan<span class=\"_ _1\"/>gible assets<span class=\"_ _1\"/>, as they t<span class=\"_ _1\"/>ypic<span class=\"_ _1\"/>ally relate to drilling per<span class=\"_ _1\"/>mits<span class=\"_ _1\"/>. E&amp;E exp<span class=\"_ _1\"/>enditure results in cer<span class=\"_ _1\"/>tain ite<span class=\"_ _1\"/>ms of expendit<span class=\"_ _1\"/>ure being cap<span class=\"_ _1\"/>italised for an ar<span class=\"_ _1\"/>ea of interest whe<span class=\"_ _1\"/>re it is considered likely to b<span class=\"_ _1\"/>e recover<span class=\"_ _1\"/>able. This p<span class=\"_ _1\"/>olic<span class=\"_ _1\"/>y requires manage<span class=\"_ _1\"/>ment to make cer<span class=\"_ _1\"/>tain estimates and assumptions as to futur<span class=\"_ _1\"/>e events and circumst<span class=\"_ _1\"/>ances, in particular whether an<span class=\"_ _6\"/> economically<span class=\"_ _6\"/> viable extrac<span class=\"_ _1\"/>tion operation can be establ<span class=\"_ _7\"/>ished by the par<span class=\"_ _1\"/>ti<span class=\"_ _1\"/>es involved. T<span class=\"_ _1\"/>hese estimates and assumptions inclu<span class=\"_ _1\"/>de the rele<span class=\"_ _1\"/>vant regulator<span class=\"_ _1\"/>y environm<span class=\"_ _1\"/>ent may change as new infor<span class=\"_ _1\"/>mation be<span class=\"_ _1\"/>comes available<span class=\"_ _1\"/>. A regular revi<span class=\"_ _1\"/>ew of each area of inter<span class=\"_ _1\"/>est is under<span class=\"_ _1\"/>taken to dete<span class=\"_ _1\"/>rmine the app<span class=\"_ _1\"/>ropriaten<span class=\"_ _1\"/>ess of continuing to carr<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ward costs in re<span class=\"_ _1\"/>lation to that area<span class=\"_ _1\"/>. Capit<span class=\"_ _1\"/>alised costs are onl<span class=\"_ _1\"/>y carrie<span class=\"_ _1\"/>d for<span class=\"_ _1\"/>ward to the ex<span class=\"_ _1\"/>tent that th<span class=\"_ _1\"/>ey are exp<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d to be re<span class=\"_ _1\"/>covered. A<span class=\"_ _1\"/>cc<span class=\"_ _6\"/>ordingly, E&amp;<span class=\"_ _1\"/>E assets are not amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d, but assessed fo<span class=\"_ _1\"/>r impairment indicat<span class=\"_ _1\"/>ions. If, af<span class=\"_ _1\"/>ter having capit<span class=\"_ _1\"/>alised the exp<span class=\"_ _1\"/>enditure under t<span class=\"_ _1\"/>he polic<span class=\"_ _1\"/>y, a judgem<span class=\"_ _1\"/>ent is made that recover<span class=\"_ _1\"/>y of th<span class=\"_ _1\"/>e expen<span class=\"_ _1\"/>diture is unlikely, the relev<span class=\"_ _1\"/>ant capitalise<span class=\"_ _1\"/>d amount will be wr<span class=\"_ _1\"/>itten of<span class=\"_ _1\"/>f to the st<span class=\"_ _1\"/>atement of comprehen<span class=\"_ _6\"/>sive<span class=\"_ _6\"/> income.Research<span class=\"_ _6\"/> expenditure on r<span class=\"_ _6\"/>esearch activities, undertaken with the pro<span class=\"_ _6\"/>spect of gaini<span class=\"_ _6\"/>ng new sci<span class=\"_ _1\"/>entific or te<span class=\"_ _1\"/>chnical kn<span class=\"_ _1\"/>owled<span class=\"_ _1\"/>ge and under<span class=\"_ _1\"/>standing<span class=\"_ _1\"/>, is recognised in pr<span class=\"_ _1\"/>ofit or loss as incurre<span class=\"_ _1\"/>d. Devel<span class=\"_ _1\"/>opment ac<span class=\"_ _1\"/>tivit<span class=\"_ _1\"/>ies involve a plan or design f<span class=\"_ _1\"/>or the pro<span class=\"_ _1\"/>duct<span class=\"_ _1\"/>ion of new or substantially improve<span class=\"_ _1\"/>d produc<span class=\"_ _1\"/>ts an<span class=\"_ _1\"/>d processes. D<span class=\"_ _1\"/>evelop<span class=\"_ _1\"/>ment exp<span class=\"_ _1\"/>enditure is capit<span class=\"_ _1\"/>alised only if deve<span class=\"_ _1\"/>lopment cost<span class=\"_ _1\"/>s can be measured r<span class=\"_ _1\"/>eliably, the pro<span class=\"_ _1\"/>duct or p<span class=\"_ _1\"/>rocess is technically and c<span class=\"_ _6\"/>ommercial<span class=\"_ _6\"/>ly feas<span class=\"_ _6\"/>ible, future<span class=\"_ _6\"/> economic benefits are probable, a<span class=\"_ _6\"/>nd the Group intends to and has suff<span class=\"_ _1\"/>icient resources to comple<span class=\"_ _1\"/>te developm<span class=\"_ _1\"/>ent and to use or sell the asset. T<span class=\"_ _1\"/>he capitalise<span class=\"_ _1\"/>d expen<span class=\"_ _1\"/>diture includes th<span class=\"_ _1\"/>e cost of materials, direc<span class=\"_ _1\"/>t labour, overhe<span class=\"_ _1\"/>ad costs that are dire<span class=\"_ _1\"/>ctl<span class=\"_ _1\"/>y attr<span class=\"_ _1\"/>ibutable to p<span class=\"_ _1\"/>reparing th<span class=\"_ _1\"/>e asset for its intend<span class=\"_ _1\"/>ed use, and capitali<span class=\"_ _6\"/>sed borrowing co<span class=\"_ _6\"/>sts. Oth<span class=\"_ _1\"/>er dev<span class=\"_ _6\"/>elopment expenditu<span class=\"_ _6\"/>re is r<span class=\"_ _6\"/>ecognised i<span class=\"_ _6\"/>n profit or<span class=\"_ _6\"/> loss as incurre<span class=\"_ _1\"/>d. Capit<span class=\"_ _1\"/>alised develo<span class=\"_ _1\"/>pment exp<span class=\"_ _1\"/>enditure is measured at cost less accumulated amor<span class=\"_ _1\"/>tisati<span class=\"_ _1\"/>on and accumulated impairm<span class=\"_ _1\"/>ent losses.Sof<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ware and oth<span class=\"_ _1\"/>er intangible asset<span class=\"_ _1\"/>s acquired or deve<span class=\"_ _1\"/>loped b<span class=\"_ _1\"/>y the Gro<span class=\"_ _1\"/>up and that have finite usef<span class=\"_ _1\"/>ul lives are measured at cost less accumulated amor<span class=\"_ _1\"/>t<span class=\"_ _1\"/>isation and accumulated impair<span class=\"_ _1\"/>ment losse<span class=\"_ _1\"/>s.Subseque<span class=\"_ _1\"/>nt expendit<span class=\"_ _1\"/>ure on capitalise<span class=\"_ _1\"/>d intangible asset<span class=\"_ _1\"/>s is capitalised onl<span class=\"_ _1\"/>y when it increases th<span class=\"_ _1\"/>e future econ<span class=\"_ _1\"/>omic ben<span class=\"_ _1\"/>efit<span class=\"_ _1\"/>s embodie<span class=\"_ _1\"/>d in the spe<span class=\"_ _1\"/>cific asset to whic<span class=\"_ _1\"/>h it relates<span class=\"_ _1\"/>. All other e<span class=\"_ _1\"/>xpendit<span class=\"_ _1\"/>ure, including ex<span class=\"_ _1\"/>penditure o<span class=\"_ _1\"/>n internally gen<span class=\"_ _1\"/>erated g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill and br<span class=\"_ _1\"/>ands, is recogn<span class=\"_ _1\"/>ised in profit o<span class=\"_ _1\"/>r loss as incurred.Amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation is based on t<span class=\"_ _1\"/>he cost of an asset less its residual v<span class=\"_ _1\"/>alue. Am<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tisation is recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss on a straig<span class=\"_ _1\"/>ht<span class=\"_ _7\"/>-line basis over the es<span class=\"_ _1\"/>timated useful lives of intangible asset<span class=\"_ _1\"/>s unless such lives are indef<span class=\"_ _1\"/>inite. Go<span class=\"_ _1\"/>odwill and intan<span class=\"_ _1\"/>gible assets wit<span class=\"_ _1\"/>h an indef<span class=\"_ _1\"/>inite life are annually tested fo<span class=\"_ _1\"/>r impairment or wh<span class=\"_ _1\"/>en there is an indic<span class=\"_ _1\"/>ation for impairme<span class=\"_ _1\"/>nt. Ot<span class=\"_ _1\"/>her intangible asset<span class=\"_ _1\"/>s and sof<span class=\"_ _1\"/>tw<span class=\"_ _1\"/>are are amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d from th<span class=\"_ _1\"/>e date they are available fo<span class=\"_ _1\"/>r their intende<span class=\"_ _1\"/>d use. The es<span class=\"_ _1\"/>timated useful life of sof<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ware and ot<span class=\"_ _1\"/>her capit<span class=\"_ _1\"/>alised develop<span class=\"_ _1\"/>ment costs is, in g<span class=\"_ _1\"/>eneral<span class=\"_ _1\"/>, five ye<span class=\"_ _1\"/>ars. A<span class=\"_ _1\"/>mor<span class=\"_ _1\"/>tisation m<span class=\"_ _1\"/>ethods<span class=\"_ _1\"/>, useful lives and residual v<span class=\"_ _1\"/>alues are revi<span class=\"_ _1\"/>ewed at eac<span class=\"_ _1\"/>h repor<span class=\"_ _1\"/>ting date an<span class=\"_ _1\"/>d adjusted if appropriate.For g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill, and intangible asset<span class=\"_ _1\"/>s that have indef<span class=\"_ _1\"/>inite useful lives or that are not yet available fo<span class=\"_ _1\"/>r use, the re<span class=\"_ _1\"/>coverable am<span class=\"_ _1\"/>ount is estimated each year at t<span class=\"_ _1\"/>he same time<span class=\"_ _1\"/>. An impair<span class=\"_ _1\"/>ment loss is recognise<span class=\"_ _1\"/>d if the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of an asset or its r<span class=\"_ _1\"/>elated cash-gene<span class=\"_ _1\"/>rating unit excee<span class=\"_ _1\"/>ds its estimate<span class=\"_ _1\"/>d recovera<span class=\"_ _1\"/>ble amount. I<span class=\"_ _1\"/>mpairment losses ar<span class=\"_ _1\"/>e recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss. Impairm<span class=\"_ _1\"/>ent losses recognise<span class=\"_ _1\"/>d in respec<span class=\"_ _1\"/>t of cash-gene<span class=\"_ _1\"/>rating units are all<span class=\"_ _1\"/>ocated f<span class=\"_ _1\"/>irst to re<span class=\"_ _1\"/>duce the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of any goo<span class=\"_ _1\"/>dwill alloc<span class=\"_ _1\"/>ated to the cash-gene<span class=\"_ _1\"/>rating unit (or group of cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) and t<span class=\"_ _1\"/>hen to redu<span class=\"_ _1\"/>ce the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the oth<span class=\"_ _1\"/>er assets in the c<span class=\"_ _1\"/>ash-gener<span class=\"_ _1\"/>ating unit (<span class=\"_ _6\"/>or group of cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) on a p<span class=\"_ _1\"/>ro rata b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s.Subjec<span class=\"_ _1\"/>t to an ope<span class=\"_ _1\"/>rating se<span class=\"_ _1\"/>gment ceiling test, f<span class=\"_ _1\"/>or the pur<span class=\"_ _1\"/>poses of goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt testing<span class=\"_ _1\"/>, C<span class=\"_ _6\"/>GUs to which g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill has been allo<span class=\"_ _1\"/>cated, are a<span class=\"_ _1\"/>ggregate<span class=\"_ _1\"/>d so that the leve<span class=\"_ _1\"/>l at which impair<span class=\"_ _1\"/>ment testing is per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>med ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ts t<span class=\"_ _1\"/>he lowest l<span class=\"_ _1\"/>evel at which go<span class=\"_ _1\"/>odwill is monitored for i<span class=\"_ _6\"/>nterna<span class=\"_ _6\"/>l repor<span class=\"_ _1\"/>ting pu<span class=\"_ _7\"/>r<span class=\"_ _1\"/>poses.An impair<span class=\"_ _1\"/>ment loss in respe<span class=\"_ _1\"/>ct of go<span class=\"_ _1\"/>odwill is not rever<span class=\"_ _1\"/>sed. I<span class=\"_ _1\"/>n respec<span class=\"_ _1\"/>t of other asset<span class=\"_ _1\"/>s, impairme<span class=\"_ _1\"/>nt losses recognised in p<span class=\"_ _1\"/>rior pe<span class=\"_ _1\"/>riods are re<span class=\"_ _1\"/>viewe<span class=\"_ _1\"/>d at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date for any indicatio<span class=\"_ _1\"/>ns that the loss has decr<span class=\"_ _1\"/>eased or no lo<span class=\"_ _1\"/>nger exist<span class=\"_ _1\"/>s. F<span class=\"_ _1\"/>or these oth<span class=\"_ _1\"/>er assets<span class=\"_ _1\"/>, an <span class=\"_ _8\"/> impairme<span class=\"_ _1\"/>nt loss is reversed if t<span class=\"_ _1\"/>here has be<span class=\"_ _1\"/>en a change in the es<span class=\"_ _1\"/>timates used to determ<span class=\"_ _1\"/>ine the recover<span class=\"_ _1\"/>able amo<span class=\"_ _1\"/>unt. An impair<span class=\"_ _1\"/>ment loss is revers<span class=\"_ _1\"/>ed only to th<span class=\"_ _1\"/>e exte<span class=\"_ _1\"/>nt that the asset<span class=\"_ _1\"/>\u2019s carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount does n<span class=\"_ _1\"/>ot exceed the c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying am<span class=\"_ _1\"/>ount that would have been determined, net of depr<span class=\"_ _6\"/>eciation or amortisation, if<span class=\"_ _6\"/> no impa<span class=\"_ _6\"/>irment lo<span class=\"_ _6\"/>ss had<span class=\"_ _6\"/> been rec<span class=\"_ _6\"/>ogn<span class=\"_ _6\"/>is<span class=\"_ _7\"/>ed.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _22c\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _22d\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>E&amp;<span class=\"_ _1\"/>E (<span class=\"_ _1\"/>Fin<span class=\"_ _1\"/>de<span class=\"_ _1\"/>r/E&amp;<span class=\"_ _1\"/>E (<span class=\"_ _1\"/>Fin<span class=\"_ _1\"/>de<span class=\"_ _1\"/>r/Good<span class=\"_ _1\"/>will Th<span class=\"_ _1\"/>ei<span class=\"_ _1\"/>a) <span class=\"_ _36\"> </span><span class=\"ls2 ws2\">S<span class=\"_ _1\"/>of<span class=\"_ _1\"/>t<span class=\"_ _1\"/>war<span class=\"_ _1\"/>e <span class=\"_ _22\"> </span>Oth<span class=\"_ _1\"/>er <span class=\"_ _87\"> </span><span class=\"ls1b5 ws1b9\">Total<span class=\"_ _111\"> </span><span class=\"ls19e ws19e\">Go<span class=\"_ _1\"/>odwill </span></span></span>Th<span class=\"_ _1\"/>ei<span class=\"_ _1\"/>a) <span class=\"_ _36\"> </span><span class=\"ls2 ws2\">S<span class=\"_ _1\"/>of<span class=\"_ _1\"/>t<span class=\"_ _1\"/>war<span class=\"_ _1\"/>e <span class=\"_ _22\"> </span>Oth<span class=\"_ _1\"/>er <span class=\"_ _87\"> </span><span class=\"ls1b5 ws1b9\">Total</span></span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y Cost<span class=\"_ _22e\"> </span>587<span class=\"_ _7\"/>,<span class=\"_ _6\"/>188<span class=\"_ _65\"> </span>38,459<span class=\"_ _21\"> </span>17<span class=\"_ _7\"/>,0<span class=\"_ _1\"/>07<span class=\"_ _65\"> </span>25,964<span class=\"_ _17b\"> </span>668,618<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">560,467<span class=\"_ _6e\"> </span>3<span class=\"_ _1\"/>5,621<span class=\"_ _6e\"> </span>22,514<span class=\"_ _22\"> </span>31,874<span class=\"_ _39\"> </span>65<span class=\"_ _1\"/>0,47<span class=\"_ _6\"/>6</span>Accumulated amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation and impairm<span class=\"_ _1\"/>ent<span class=\"_ _4b\"> </span>(317<span class=\"_ _7\"/>,672)<span class=\"_ _d0\"> </span>(20,766)<span class=\"_ _2b\"> </span>(1<span class=\"_ _1\"/>6,909)<span class=\"_ _d0\"> </span>(2<span class=\"_ _1\"/>3,432)<span class=\"_ _10b\"> </span>(378,7<span class=\"_ _1\"/>79)<span class=\"_ _36\"> </span><span class=\"ff8 fc14\">(302,818)<span class=\"_ _86\"> </span>(18,467)<span class=\"_ _d0\"> </span>(22,237<span class=\"_ _1\"/>)<span class=\"_ _9f\"> </span>(29,663)<span class=\"_ _e5\"> </span>(373,185)</span>Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _128\"> </span>26<span class=\"_ _6\"/>9,516<span class=\"_ _24\"> </span>17<span class=\"_ _7\"/>,693<span class=\"_ _22f\"> </span>98<span class=\"_ _5d\"> </span>2,532<span class=\"_ _d0\"> </span>289,839<span class=\"_ _86\"> </span><span class=\"fc14\">25<span class=\"_ _1\"/>7<span class=\"_ _7\"/>,649<span class=\"_ _61\"> </span>17<span class=\"_ _7\"/>,154<span class=\"_ _b1\"> </span><span class=\"ls43 ws4b\">277<span class=\"_ _60\"> </span></span>2,<span class=\"_ _1\"/>211<span class=\"_ _f2\"> </span><span class=\"ls43 ws4b\">27<span class=\"_ _1\"/>7<span class=\"_ _3\"/>,291</span></span>Change in c<span class=\"_ _6\"/>arr<span class=\"_ _1\"/>ying amount:Purc<span class=\"_ _1\"/>hase of intangib<span class=\"_ _1\"/>le asset<span class=\"_ _1\"/>s-<span class=\"_ _e3\"> </span>-927<span class=\"_ _b2\"> </span><span class=\"ls1f1 ws1f5\">305<span class=\"_ _89\"> </span></span>1,2<span class=\"_ _1\"/>32-<span class=\"_ _e3\"> </span>-22<span class=\"_ _df\"> </span><span class=\"ls87 ws3b\">69<span class=\"_ _1\"/>6<span class=\"_ _e\"> </span></span>7<span class=\"_ _1\"/>18Other additions-1,245-<span class=\"_ _e3\"> </span>-1,245-1,648-<span class=\"_ _e3\"> </span>-1,648Amor<span class=\"_ _1\"/>tisation-<span class=\"_ _e3\"> </span>-(123)<span class=\"_ _60\"> </span>(412)<span class=\"_ _87\"> </span>(535)-<span class=\"_ _e3\"> </span>-(90)<span class=\"_ _70\"> </span><span class=\"ls87 ws3b\">(4<span class=\"_ _1\"/>67<span class=\"_ _1\"/>)<span class=\"_ _87\"> </span></span>(55<span class=\"_ _1\"/>7)Impairme<span class=\"_ _1\"/>nt-(1,252)-<span class=\"_ _e3\"> </span>-(1,252)-(1,662)-<span class=\"_ _e3\"> </span>-(1,662)Disp<span class=\"_ _1\"/>osals-(70<span class=\"_ _1\"/>0)-(2)<span class=\"_ _87\"> </span>(<span class=\"_ _1\"/>702)-<span class=\"_ _e3\"> </span>-(120)<span class=\"_ _1b\"> </span>(9)<span class=\"_ _6b\"> </span>(129)Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of movement<span class=\"_ _1\"/>s in foreign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _1b7\"> </span>2,962<span class=\"_ _fc\"> </span>21<span class=\"_ _ed\"> </span><span class=\"ls43 ws4b\">(27)<span class=\"_ _d2\"> </span></span>(34)<span class=\"_ _22\"> </span>2,922<span class=\"_ _20\"> </span><span class=\"ff8 fc14\">11,867<span class=\"_ _b2\"> </span><span class=\"ls43 ws4b\">553<span class=\"_ _99\"> </span></span>9<span class=\"_ _1b\"> </span>101<span class=\"_ _5f\"> </span>12,530</span>T<span class=\"_ _7\"/>otal changes<span class=\"_ _230\"> </span>2,962<span class=\"_ _6b\"> </span>(6<span class=\"_ _1\"/>86)<span class=\"_ _1a\"> </span><span class=\"ls161 ws16e\">777<span class=\"_ _1a\"> </span></span>(143)<span class=\"_ _24\"> </span>2,910<span class=\"_ _21\"> </span><span class=\"fc14\">11,867<span class=\"_ _231\"> </span>539<span class=\"_ _8e\"> </span>(17<span class=\"_ _1\"/>9)<span class=\"_ _ae\"> </span>321<span class=\"_ _84\"> </span>12,54<span class=\"_ _1\"/>8</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er Cost<span class=\"_ _232\"> </span>595,172<span class=\"_ _5f\"> </span>38,<span class=\"_ _6\"/>198<span class=\"_ _5d\"> </span>9,663<span class=\"_ _84\"> </span>12,04<span class=\"_ _1\"/>8<span class=\"_ _fa\"> </span>65<span class=\"_ _1\"/>5,081<span class=\"_ _b3\"> </span><span class=\"ff8 fc14\">5<span class=\"_ _1\"/>87<span class=\"_ _3\"/>,188<span class=\"_ _9b\"> </span>38,459<span class=\"_ _21\"> </span>17<span class=\"_ _7\"/>,007<span class=\"_ _65\"> </span>25,964<span class=\"_ _f9\"> </span>668,618</span>Accumulated amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation and impairm<span class=\"_ _1\"/>ent<span class=\"_ _1d3\"> </span>(322,694)<span class=\"_ _9b\"> </span>(21,<span class=\"_ _6\"/>191)<span class=\"_ _6f\"> </span>(8,788)<span class=\"_ _6f\"> </span>(9,659)<span class=\"_ _12\"> </span>(362,332)<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">(317<span class=\"_ _7\"/>,672)<span class=\"_ _17c\"> </span>(20,766)<span class=\"_ _2b\"> </span>(16,90<span class=\"_ _1\"/>9)<span class=\"_ _17c\"> </span>(2<span class=\"_ _1\"/>3,<span class=\"_ _6\"/>432)<span class=\"_ _36\"> </span>(378,7<span class=\"_ _1\"/>79)</span>Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _233\"> </span>272,478<span class=\"_ _24\"> </span>17<span class=\"_ _7\"/>,007<span class=\"_ _b2\"> </span>875<span class=\"_ _61\"> </span>2,389<span class=\"_ _86\"> </span>292,749<span class=\"_ _17b\"> </span><span class=\"fc14\">269,516<span class=\"_ _22\"> </span>17<span class=\"_ _7\"/>,693<span class=\"_ _22f\"> </span>98<span class=\"_ _73\"> </span>2,532<span class=\"_ _d0\"> </span>289,839</span>Goo<span class=\"_ _1\"/>dwillThe c<span class=\"_ _1\"/>apitalised go<span class=\"_ _1\"/>odwill w<span class=\"_ _1\"/>as allocated to th<span class=\"_ _1\"/>e following CGU<span class=\"_ _1\"/>\u2019s as at 31 Decemb<span class=\"_ _1\"/>er:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Europe-Afr<span class=\"_ _1\"/>ica<span class=\"_ _234\"> </span><span class=\"ls2 ws2\">120,288<span class=\"_ _f2\"> </span><span class=\"ff8 fc14\">118,980</span></span>Americas<span class=\"_ _235\"> </span><span class=\"ls2 ws2\">70,541<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">69,774</span></span>A<span class=\"_ _1\"/>sia Pac<span class=\"_ _1\"/>ific<span class=\"_ _236\"> </span><span class=\"ls2 ws2\">29,738<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">29,<span class=\"_ _6\"/>415</span></span>Middl<span class=\"_ _1\"/>e East &amp; India<span class=\"_ _1c1\"> </span>51,911<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">51,347</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1\"/> <span class=\"_ _237\"> </span><span class=\"ls2 ws2\">272,478<span class=\"_ _17b\"> </span><span class=\"fc14\">269,516</span></span>Impairme<span class=\"_ _1\"/>nt testing for cash-generating unit<span class=\"_ _1\"/>s containing goodwillThe re<span class=\"_ _1\"/>coverable a<span class=\"_ _1\"/>mounts of the c<span class=\"_ _1\"/>ash-gener<span class=\"_ _1\"/>ating units have b<span class=\"_ _1\"/>een deter<span class=\"_ _1\"/>mined base<span class=\"_ _1\"/>d on value in use cal<span class=\"_ _1\"/>culations. Value in use was dete<span class=\"_ _1\"/>rmined by discounting th<span class=\"_ _1\"/>e expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d future cash flo<span class=\"_ _1\"/>ws from th<span class=\"_ _1\"/>e continuing use of the CGU\u2019s. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Cash f<span class=\"_ _1\"/>lows in the f<span class=\"_ _1\"/>irst year of th<span class=\"_ _1\"/>e forec<span class=\"_ _1\"/>ast are based on manag<span class=\"_ _1\"/>ement<span class=\"_ _1\"/>\u2019s approved financial b<span class=\"_ _1\"/>udget<span class=\"_ _1\"/>. For all CGU<span class=\"_ _1\"/>\u2019s, the 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>3 proje<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ons fac<span class=\"_ _1\"/>tor in, amon<span class=\"_ _1\"/>gst other<span class=\"_ _1\"/>s, already signed contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>ts, e<span class=\"_ _1\"/>xpec<span class=\"_ _1\"/>ted win r<span class=\"_ _1\"/>ates on contra<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s out for bid<span class=\"_ _1\"/>, expe<span class=\"_ _1\"/>cted c<span class=\"_ _1\"/>rew and vessel utili<span class=\"_ _7\"/>sation rates and/<span class=\"_ _6\"/>or indu<span class=\"_ _6\"/>str<span class=\"_ _1\"/>y developmen<span class=\"_ _6\"/>ts. Cash flows for the C<span class=\"_ _7\"/>G<span class=\"_ _1\"/>U\u2019s beyond one year are ex<span class=\"_ _1\"/>tr<span class=\"_ _1\"/>apolated using an est<span class=\"_ _1\"/>imated grow<span class=\"_ _1\"/>th rate b<span class=\"_ _1\"/>ased on exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted market develo<span class=\"_ _1\"/>pments<span class=\"_ _1\"/>, taking into account str<span class=\"_ _1\"/>ategic plans of the comp<span class=\"_ _1\"/>any and current market condi<span class=\"_ _6\"/>tions. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Cash f<span class=\"_ _1\"/>lows for t<span class=\"_ _1\"/>he C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>\u2019s beyond f<span class=\"_ _1\"/>ive years ar<span class=\"_ _1\"/>e ext<span class=\"_ _1\"/>rapo<span class=\"_ _1\"/>lated using an estimated long-term gr<span class=\"_ _1\"/>owt<span class=\"_ _1\"/>h rate of 2<span class=\"_ _1\"/>.1% (20<span class=\"_ _1\"/>21: 0<span class=\"_ _1\"/>.<span class=\"_ _1\"/>0%). For t<span class=\"_ _1\"/>he C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>\u2019s the grow<span class=\"_ _1\"/>th r<span class=\"_ _1\"/>ates are based on an analysis of the l<span class=\"_ _1\"/>ong-term market pr<span class=\"_ _1\"/>ice trends in rele<span class=\"_ _1\"/>vant industries a<span class=\"_ _1\"/>djusted for actual experience. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Any est<span class=\"_ _1\"/>imated future cash inf<span class=\"_ _1\"/>lows / out<span class=\"_ _1\"/>flo<span class=\"_ _1\"/>ws expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d to arise from f<span class=\"_ _1\"/>uture restr<span class=\"_ _1\"/>uctur<span class=\"_ _1\"/>ing, if any, are exclude<span class=\"_ _1\"/>d from the c<span class=\"_ _1\"/>alculations, unle<span class=\"_ _1\"/>ss already commit<span class=\"_ _1\"/>ted to. This also applies to a larg<span class=\"_ _1\"/>e exte<span class=\"_ _1\"/>nt to transformat<span class=\"_ _1\"/>ion capit<span class=\"_ _1\"/>al expen<span class=\"_ _1\"/>ditures and the resulting impac<span class=\"_ _1\"/>t on cash inflow<span class=\"_ _1\"/>s.  <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>The pr<span class=\"_ _1\"/>e-tax discount rate used to discount the p<span class=\"_ _1\"/>re-tax cash f<span class=\"_ _1\"/>lows for imp<span class=\"_ _1\"/>airment testing pur<span class=\"_ _1\"/>poses is determin<span class=\"_ _1\"/>ed throu<span class=\"_ _1\"/>gh an iterative c<span class=\"_ _1\"/>alculation using the pr<span class=\"_ _1\"/>ojec<span class=\"_ _1\"/>ted post-tax cash fl<span class=\"_ _1\"/>ows, ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted t<span class=\"_ _1\"/>ax rate for t<span class=\"_ _1\"/>he respe<span class=\"_ _1\"/>ctive c<span class=\"_ _1\"/>ash gener<span class=\"_ _1\"/>ating units and a post-tax discount rate for th<span class=\"_ _1\"/>e Group.The key assumptions use<span class=\"_ _1\"/>d in the annual goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt test at the 3<span class=\"_ _1\"/>0 Septemb<span class=\"_ _1\"/>er measurement date we<span class=\"_ _1\"/>re as follows:Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th ra<span class=\"_ _1\"/>te  Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th ra<span class=\"_ _1\"/>te  Pre-tax <span class=\"ls2 ws2\"> </span>Long-term <span class=\"ls2 ws2\"> </span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)first yearlong-term discount<span class=\"_ _6\"/> rate E<span class=\"_ _1\"/>BI<span class=\"_ _1\"/>T marg<span class=\"_ _1\"/>in %2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span>Europe-Afr<span class=\"_ _1\"/>ica<span class=\"_ _17a\"> </span><span class=\"ff8 ls2 ws2\">13.1<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span><span class=\"ff4 fc14\">9.3<span class=\"_ _0\"/>%<span class=\"_ _e5\"> </span></span><span class=\"ls1df ws1e5\">2<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"ff4 fc14\">0.0<span class=\"_ _0\"/>%<span class=\"_ _145\"> </span></span>11.7<span class=\"_ _0\"/>%<span class=\"_ _13\"> </span><span class=\"ff4 fc14\">9.9<span class=\"_ _0\"/>%<span class=\"_ _e4\"> </span></span>10.1<span class=\"_ _1\"/>%<span class=\"_ _e4\"> </span><span class=\"ff4 fc14\">10.1<span class=\"_ _1\"/>%</span></span>Americas<span class=\"_ _7c\"> </span><span class=\"ff8 ls2 ws2\">10.3<span class=\"_ _0\"/>%<span class=\"_ _111\"> </span></span>5<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _a0\"> </span><span class=\"ff8 fc2\">2.1<span class=\"_ _4\"/>%<span class=\"_ _13\"> </span></span>0.0<span class=\"_ _1\"/>%<span class=\"_ _e4\"> </span><span class=\"ff8 fc2\">11.9<span class=\"_ _0\"/>%<span class=\"_ _13\"> </span></span>9.8<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span><span class=\"ff8 fc2\">9.9<span class=\"_ _0\"/>%<span class=\"_ _120\"> </span></span><span class=\"ls1fd ws20a\">7.<span class=\"_ _0\"/>3<span class=\"_ _4\"> </span>%</span>A<span class=\"_ _1\"/>sia Pac<span class=\"_ _1\"/>ific<span class=\"_ _c0\"> </span><span class=\"ff8 ls1fd ws20a\">2<span class=\"_ _0\"/>7.<span class=\"_ _0\"/>7<span class=\"_ _4\"> </span>%<span class=\"_ _17f\"> </span></span><span class=\"fc14 ls2 ws2\">(1.9<span class=\"_ _1\"/>%)<span class=\"_ _111\"> </span></span><span class=\"ff8 ls1df ws1e5\">2<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"fc14 ls2 ws2\">0.0<span class=\"_ _1\"/>%<span class=\"_ _145\"> </span><span class=\"ff8 fc2\">11.6<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span></span>9.5<span class=\"_ _0\"/>%<span class=\"_ _e5\"> </span></span><span class=\"ff8 ls1df ws1e5\">8.1<span class=\"_ _0\"/>%<span class=\"_ _36\"> </span></span><span class=\"fc14 ls2 ws2\">6.0<span class=\"_ _1\"/>%</span>Middl<span class=\"_ _1\"/>e East &amp; India<span class=\"_ _12a\"> </span>15.1<span class=\"_ _1\"/>%<span class=\"_ _35\"> </span><span class=\"ff4 fc14\">28.6<span class=\"_ _1\"/>%<span class=\"_ _111\"> </span></span><span class=\"ls1df ws1e5\">2.1<span class=\"_ _4\"> </span>%<span class=\"_ _13\"> </span></span><span class=\"ff4 fc14\">0.0<span class=\"_ _1\"/>%<span class=\"_ _9\"> </span></span>12.9<span class=\"_ _1\"/>%<span class=\"_ _15\"> </span><span class=\"ff4 fc14\">10.9<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"ls1e1 ws1e7\">9.4<span class=\"_ _0\"/>%<span class=\"_ _111\"> </span></span><span class=\"fc14 ls1df ws1e5\">9<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%</span>Climate-related mat<span class=\"_ _1\"/>ter<span class=\"_ _1\"/>s were ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ted in thes<span class=\"_ _1\"/>e ass<span class=\"_ _6\"/>umptions as follo<span class=\"_ _1\"/>ws: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Assumpti<span class=\"_ _1\"/>ons on market devel<span class=\"_ _1\"/>opment<span class=\"_ _1\"/>s for the market s<span class=\"_ _1\"/>egment<span class=\"_ _1\"/>s in which Fugro ope<span class=\"_ _1\"/>rates, inclu<span class=\"_ _1\"/>ding high grow<span class=\"_ _1\"/>th in the re<span class=\"_ _1\"/>newabl<span class=\"_ _1\"/>es market segme<span class=\"_ _1\"/>nt compared to in par<span class=\"_ _1\"/>ticular oil and g<span class=\"_ _1\"/>as. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Capit<span class=\"_ _1\"/>al expe<span class=\"_ _1\"/>nditures to dec<span class=\"_ _1\"/>arbonise t<span class=\"_ _1\"/>he vessel f<span class=\"_ _1\"/>leet by 2<span class=\"_ _1\"/>03<span class=\"_ _1\"/>5<span class=\"_ _1\"/>, howeve<span class=\"_ _1\"/>r only insofar these qualif<span class=\"_ _1\"/>y fo<span class=\"_ _1\"/>r inclusion in the valu<span class=\"_ _1\"/>e in use calculation. C<span class=\"_ _1\"/>apital ex<span class=\"_ _1\"/>penditur<span class=\"_ _1\"/>es that improve the ve<span class=\"_ _1\"/>ssel\u2019s per<span class=\"_ _1\"/>forman<span class=\"_ _1\"/>ce are excluded in v<span class=\"_ _1\"/>alue in use calculations<span class=\"_ _1\"/>. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>T<span class=\"_ _6\"/>erminal v<span class=\"_ _1\"/>alue grow<span class=\"_ _1\"/>th rates are c<span class=\"_ _1\"/>apped at t<span class=\"_ _1\"/>he risk<span class=\"_ _6\"/>-free r<span class=\"_ _1\"/>ate. No fur<span class=\"_ _1\"/>th<span class=\"_ _1\"/>er adjustment in long ter<span class=\"_ _1\"/>m grow<span class=\"_ _1\"/>th rates f<span class=\"_ _1\"/>or the ene<span class=\"_ _1\"/>rgy tra<span class=\"_ _1\"/>nsition from th<span class=\"_ _1\"/>e fossil fuel se<span class=\"_ _1\"/>ctor to th<span class=\"_ _1\"/>e renewable energy sector was deemed necessa<span class=\"_ _6\"/>r<span class=\"_ _1\"/>y and there<span class=\"_ _6\"/>fore not c<span class=\"_ _6\"/>ons<span class=\"_ _6\"/>idered to ha<span class=\"_ _6\"/>ve a material impa<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>.The inc<span class=\"_ _1\"/>rease in discount rate from 2<span class=\"_ _1\"/>021 to 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 is mainly drive<span class=\"_ _1\"/>n by a higher equit<span class=\"_ _1\"/>y mar<span class=\"_ _1\"/>ket risk premium and r<span class=\"_ _1\"/>isk<span class=\"_ _7\"/>-fre<span class=\"_ _1\"/>e rate.The g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill sensitivit<span class=\"_ _1\"/>y analysis of each CGU as at the me<span class=\"_ _1\"/>as<span class=\"_ _6\"/>urement date w<span class=\"_ _1\"/>as as follows:Cha<span class=\"_ _1\"/>nge r<span class=\"_ _1\"/>equ<span class=\"_ _1\"/>ire<span class=\"_ _1\"/>d in eac<span class=\"_ _1\"/>h key ass<span class=\"_ _1\"/>ump<span class=\"_ _1\"/>tion  (E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)fo<span class=\"_ _1\"/>r head<span class=\"_ _1\"/>roo<span class=\"_ _1\"/>m to eq<span class=\"_ _1\"/>ual ze<span class=\"_ _1\"/>roGr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th Pre-tax Long-term  ra<span class=\"_ _1\"/>te ra<span class=\"_ _1\"/>te  discount EBITHeadroo<span class=\"_ _1\"/>mfirst yearlong-termratemar<span class=\"_ _1\"/>gin %Europe-Afr<span class=\"_ _1\"/>ica<span class=\"_ _1d8\"> </span><span class=\"ls2 ws2\">49<span class=\"_ _1\"/>4,<span class=\"_ _6\"/>406<span class=\"_ _145\"> </span>(33.0<span class=\"_ _1\"/>%)<span class=\"_ _175\"> </span>(10,4<span class=\"_ _1\"/>%)<span class=\"_ _d0\"> </span><span class=\"ls1fd ws20a\">7.<span class=\"_ _0\"/>8<span class=\"_ _4\"> </span>%<span class=\"_ _a0\"> </span></span>(11.6<span class=\"_ _1\"/>%)</span>Americas<span class=\"_ _238\"> </span><span class=\"ls2 ws2\">331,272<span class=\"_ _f3\"> </span>(38.7<span class=\"_ _0\"/>%)<span class=\"_ _175\"> </span>(16.3<span class=\"_ _0\"/>%)<span class=\"_ _17c\"> </span>11.<span class=\"_ _6\"/>1<span class=\"_ _1\"/>%<span class=\"_ _e3\"> </span>(9.8<span class=\"_ _0\"/>%)</span>A<span class=\"_ _1\"/>sia Pac<span class=\"_ _1\"/>ific<span class=\"_ _a4\"> </span><span class=\"ls2 ws2\">136,939<span class=\"_ _145\"> </span>(24.6<span class=\"_ _1\"/>%)<span class=\"_ _120\"> </span>(5.7<span class=\"_ _0\"/>%)<span class=\"_ _17c\"> </span>4.7<span class=\"_ _0\"/>%<span class=\"_ _9f\"> </span>(5.8<span class=\"_ _0\"/>%)</span>Middl<span class=\"_ _1\"/>e East &amp; India<span class=\"_ _1f8\"> </span>57<span class=\"_ _3\"/>,944<span class=\"_ _120\"> </span>(17<span class=\"_ _7\"/>.8<span class=\"_ _0\"/>%)<span class=\"_ _10b\"> </span>(3.6<span class=\"_ _1\"/>%)<span class=\"_ _39\"> </span>3<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _39\"> </span><span class=\"ls1fd ws20a\">(<span class=\"_ _0\"/>7.<span class=\"_ _1\"/>4<span class=\"_ _4\"> </span>%<span class=\"_ _0\"/>)</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1\"/> <span class=\"_ _1fd\"> </span><span class=\"ls2 ws2\">1,020,5<span class=\"_ _1\"/>61</span>T<span class=\"_ _6\"/>otal hea<span class=\"_ _1\"/>droom incre<span class=\"_ _1\"/>ased significa<span class=\"_ _1\"/>ntly from EU<span class=\"_ _1\"/>R 619 million in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1 to EUR 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>21 million in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2. T<span class=\"_ _1\"/>he changes be<span class=\"_ _1\"/>yond those in th<span class=\"_ _1\"/>e above tabl<span class=\"_ _1\"/>e to ass<span class=\"_ _6\"/>umptions used in t<span class=\"_ _1\"/>he goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt test would, in isolati<span class=\"_ _1\"/>on, lead to an imp<span class=\"_ _1\"/>airment loss be<span class=\"_ _1\"/>ing recognise<span class=\"_ _1\"/>d.2<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws47\">INVESTMENTS IN<span class=\"_ _7\"/> EQU<span class=\"_ _1\"/>ITY<span class=\"_\"> </span>A<span class=\"_ _7\"/>CC<span class=\"_ _7\"/>OUNTE<span class=\"_ _1\"/>D<span class=\"_ _6\"/> INVESTEES</span>The G<span class=\"_ _1\"/>roup\u2019s interests in equit<span class=\"_ _1\"/>y-accounted investees compr<span class=\"_ _1\"/>ise interests in joint ventur<span class=\"_ _1\"/>es and associates<span class=\"_ _1\"/>. A joint venture is an arr<span class=\"_ _1\"/>angeme<span class=\"_ _1\"/>nt in which the Gro<span class=\"_ _1\"/>up has joint control, where<span class=\"_ _1\"/>by the Gro<span class=\"_ _1\"/>up has rights to th<span class=\"_ _1\"/>e net assets of the ar<span class=\"_ _1\"/>rang<span class=\"_ _1\"/>ement<span class=\"_ _1\"/>, rather t<span class=\"_ _1\"/>han rights toits asset<span class=\"_ _1\"/>s and obligati<span class=\"_ _1\"/>ons for its liabilit<span class=\"_ _1\"/>ies. A<span class=\"_ _1\"/>ssociates are all entit<span class=\"_ _1\"/>ies over which t<span class=\"_ _1\"/>he group has signific<span class=\"_ _1\"/>ant influence but not contr<span class=\"_ _1\"/>ol or joint control<span class=\"_ _1\"/>. This is gener<span class=\"_ _1\"/>ally the case where t<span class=\"_ _1\"/>he group hol<span class=\"_ _1\"/>ds bet<span class=\"_ _1\"/>ween 2<span class=\"_ _1\"/>0% and 5<span class=\"_ _1\"/>0% of th<span class=\"_ _1\"/>e voting right<span class=\"_ _1\"/>s.Investme<span class=\"_ _1\"/>nts in equit<span class=\"_ _1\"/>y-accounted investees are accounted for using th<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y metho<span class=\"_ _1\"/>d. Unde<span class=\"_ _1\"/>r the equit<span class=\"_ _1\"/>y meth<span class=\"_ _1\"/>od of accounting, th<span class=\"_ _1\"/>e investments ar<span class=\"_ _1\"/>e initially recog<span class=\"_ _1\"/>nised at cost and adjusted t<span class=\"_ _1\"/>hereaf<span class=\"_ _1\"/>ter to reco<span class=\"_ _1\"/>gnise the group\u2019s share of the pos<span class=\"_ _1\"/>t<span class=\"_ _7\"/>-acquisition prof<span class=\"_ _1\"/>its or losses of the investe<span class=\"_ _1\"/>e in profit or l<span class=\"_ _1\"/>oss, and the gr<span class=\"_ _1\"/>oup\u2019s s<span class=\"_ _6\"/>hare of moveme<span class=\"_ _1\"/>nts in other comprehen<span class=\"_ _6\"/>sive<span class=\"_ _6\"/> income<span class=\"_ _6\"/> of the i<span class=\"_ _6\"/>nvest<span class=\"_ _6\"/>ee in other c<span class=\"_ _7\"/>omprehensive inc<span class=\"_ _7\"/>ome. D<span class=\"_ _1\"/>ividends<span class=\"_ _6\"/> receive<span class=\"_ _1\"/>d or recei<span class=\"_ _1\"/>vable fr<span class=\"_ _1\"/>om associates and joint ventur<span class=\"_ _1\"/>es are recognise<span class=\"_ _1\"/>d as a reduc<span class=\"_ _1\"/>tion in the car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amount of the invest<span class=\"_ _1\"/>ment. U<span class=\"_ _1\"/>nrealised gains on tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>ons bet<span class=\"_ _1\"/>ween t<span class=\"_ _1\"/>heGroup an<span class=\"_ _1\"/>d its associates and j<span class=\"_ _1\"/>oint ventures are eliminated to th<span class=\"_ _1\"/>e ex<span class=\"_ _1\"/>tent of the group\u2019s interest in these e<span class=\"_ _1\"/>ntities. U<span class=\"_ _1\"/>nrealised losses are also eliminate<span class=\"_ _1\"/>d unless the tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>on provid<span class=\"_ _1\"/>es eviden<span class=\"_ _1\"/>ce of an impairment of the asset tr<span class=\"_ _1\"/>ansferred<span class=\"_ _1\"/>. Accounting polic<span class=\"_ _1\"/>ies of equit<span class=\"_ _1\"/>y-accounted investees have be<span class=\"_ _1\"/>en changed w<span class=\"_ _1\"/>here ne<span class=\"_ _1\"/>cessar<span class=\"_ _1\"/>y to ensure cons<span class=\"_ _6\"/>istenc<span class=\"_ _1\"/>y with th<span class=\"_ _1\"/>e policies a<span class=\"_ _1\"/>dopted by th<span class=\"_ _1\"/>e Group. W<span class=\"_ _1\"/>hen th<span class=\"_ _1\"/>e Group\u2019s share of losses in an equit<span class=\"_ _1\"/>y-accounted investment e<span class=\"_ _1\"/>quals or exceeds it<span class=\"_ _1\"/>s interest in the entit<span class=\"_ _1\"/>y, including any othe<span class=\"_ _1\"/>r unsecure<span class=\"_ _1\"/>d long-term recei<span class=\"_ _1\"/>vables that f<span class=\"_ _1\"/>orm par<span class=\"_ _1\"/>t of the ent<span class=\"_ _1\"/>ity<span class=\"_ _1\"/>\u2019s net investment<span class=\"_ _1\"/>, the group do<span class=\"_ _1\"/>es not recognise f<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>ther losses<span class=\"_ _1\"/>, unless it has incurred o<span class=\"_ _1\"/>bligations or made payme<span class=\"_ _1\"/>nts on be<span class=\"_ _1\"/>half of the other ent<span class=\"_ _1\"/>ity. The c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt of equit<span class=\"_ _1\"/>y-<span class=\"_ _6\"/>accounted investment<span class=\"_ _1\"/>s is tested for impair<span class=\"_ _1\"/>ment.Fugro has a call opt<span class=\"_ _1\"/>ion to acquire the remaining shares of S<span class=\"_ _1\"/>ea-Kit I<span class=\"_ _1\"/>nternational L<span class=\"_ _1\"/>imited (<span class=\"_ _6\"/>an individuall<span class=\"_ _1\"/>y immaterial associate) from its j<span class=\"_ _1\"/>oint venture par<span class=\"_ _1\"/>tner b<span class=\"_ _1\"/>et<span class=\"_ _1\"/>ween 1<span class=\"_ _1\"/>3 Feb<span class=\"_ _1\"/>ruar<span class=\"_ _1\"/>y 20<span class=\"_ _1\"/>24 and 3<span class=\"_ _1\"/>0 June 2<span class=\"_ _1\"/>024 (which per<span class=\"_ _1\"/>iod may be d<span class=\"_ _1\"/>eferre<span class=\"_ _1\"/>d by one year by t<span class=\"_ _1\"/>he joint venture par<span class=\"_ _1\"/>tner). Th<span class=\"_ _1\"/>e exercise pri<span class=\"_ _1\"/>ce i<span class=\"_ _6\"/>s the est<span class=\"_ _1\"/>imated fair valu<span class=\"_ _1\"/>e at that point in time. T<span class=\"_ _1\"/>he joint venture par<span class=\"_ _1\"/>tn<span class=\"_ _1\"/>er has a put option to se<span class=\"_ _1\"/>ll the remaining shares to Fugr<span class=\"_ _1\"/>o under substantially the sam<span class=\"_ _1\"/>e conditions as the call opt<span class=\"_ _1\"/>ion which is capp<span class=\"_ _1\"/>ed at a fi<span class=\"_ _1\"/>xed amount<span class=\"_ _1\"/>.The m<span class=\"_ _1\"/>ovement in the car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amount<span class=\"_ _1\"/>s of associates and joint venture<span class=\"_ _1\"/>s are presented as follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1da\"> </span><span class=\"ff2 fs36 ls1b5 ws1b9\">Joint<span class=\"_ _6\"/> ventures<span class=\"_ _12a\"> </span><span class=\"ls19e ws19e\">Asso<span class=\"_ _1\"/>ciates</span></span> <span class=\"_ _63\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _d0\"> </span></span>2<span class=\"_ _1\"/>022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>At Ja<span class=\"_ _1\"/>nuar<span class=\"_ _1\"/>y 1<span class=\"_ _239\"> </span><span class=\"ff4 fs6 ls2\">43,640<span class=\"_ _a0\"> </span><span class=\"ff8 fc14\">28,152 <span class=\"_ _17c\"> </span></span>2,726<span class=\"_ _d0\"> </span><span class=\"ff8 fc14\">8,062 </span></span>Share of pr<span class=\"_ _1\"/>ofit<span class=\"_ _1\"/>/ (<span class=\"_ _1\"/>loss) <span class=\"_ _fe\"> </span>11,55<span class=\"_ _1\"/>8<span class=\"_ _e5\"> </span><span class=\"ff8 fc14\">16,598 <span class=\"_ _65\"> </span></span><span class=\"ls43 ws4b\">236<span class=\"_ _6e\"> </span></span><span class=\"ff8 fc14\">878 </span>Capital increase/(decrease<span class=\"_ _7\"/>)-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>589-Other comprehens<span class=\"_ _6\"/>ive inc<span class=\"_ _7\"/>ome<span class=\"_ _1\"/>/ (loss<span class=\"_ _7\"/>)<span class=\"_ _1d9\"> </span><span class=\"ls2 ws2\">(493)<span class=\"_ _d0\"> </span><span class=\"ff8 fc14\">3,371 <span class=\"_ _c0\"> </span></span>(166)<span class=\"_ _59\"> </span><span class=\"ff8 fc14 ls87 ws3b\">       (76<span class=\"_ _1\"/>)</span></span>Dividends received<span class=\"_ _23a\"> </span><span class=\"ls2 ws2\">(11,540)<span class=\"_ _58\"> </span><span class=\"ff8 fc14\">    (4,<span class=\"_ _6\"/>440)</span></span>-       (693)T<span class=\"_ _6\"/>ransfe<span class=\"_ _1\"/>r to asset held f<span class=\"_ _1\"/>or sale---    (5,445)Ot<span class=\"_ _1\"/>her <span class=\"_ _23b\"> </span>(1)<span class=\"_ _5a\"> </span><span class=\"ff8 fc14\">         (41)<span class=\"_ _24\"> </span></span> --At 31<span class=\"_ _6\"/> December<span class=\"_ _1f5\"> </span><span class=\"ls2 ws2\">43,164 <span class=\"_ _9\"> </span><span class=\"fc14\">43,640<span class=\"_ _e3\"> </span></span> 3,385 <span class=\"_ _13d\"> </span><span class=\"fc14\"> 2,726 </span></span>Since 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1 the Glo<span class=\"_ _1\"/>bal Marine G<span class=\"_ _1\"/>roup associate was pr<span class=\"_ _1\"/>esented as held f<span class=\"_ _1\"/>or sale, w<span class=\"_ _1\"/>ith a carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount as at 31 De<span class=\"_ _1\"/>cember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 of EUR 7,8<span class=\"_ _1\"/>52 t<span class=\"_ _1\"/>housand (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EU<span class=\"_ _1\"/>R 5<span class=\"_ _1\"/>,4<span class=\"_ _1\"/>4<span class=\"_ _1\"/>5 thousand<span class=\"_ _1\"/>). The G<span class=\"_ _1\"/>roup\u2019s share of profit fr<span class=\"_ _1\"/>om continuing oper<span class=\"_ _1\"/>ations amounte<span class=\"_ _1\"/>d to EU<span class=\"_ _1\"/>R 1,<span class=\"_ _1\"/>7<span class=\"_ _1\"/>31 thousan<span class=\"_ _1\"/>d (20<span class=\"_ _1\"/>21: EU<span class=\"_ _1\"/>R 1<span class=\"_ _1\"/>,41<span class=\"_ _1\"/>6 thousand<span class=\"_ _1\"/>) and a pr<span class=\"_ _1\"/>ofit of EU<span class=\"_ _1\"/>R 676 thousand (2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1: EU<span class=\"_ _1\"/>R 28<span class=\"_ _1\"/>6 thousand loss) was repor<span class=\"_ _1\"/>te<span class=\"_ _1\"/>d as other compreh<span class=\"_ _1\"/>ensive income relating to fo<span class=\"_ _1\"/>reign curren<span class=\"_ _1\"/>cy exchan<span class=\"_ _1\"/>ge diffe<span class=\"_ _1\"/>rences which is at<span class=\"_ _1\"/>tribute<span class=\"_ _1\"/>d to the carr<span class=\"_ _0\"/>ying amount classifie<span class=\"_ _1\"/>d as held f<span class=\"_ _1\"/>or sale (reference is made to <span class=\"fc14\">note 8<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2</span><span class=\"ls1d wsa9\">).</span>Non<span class=\"_ _1\"/>e of the group\u2019s equit<span class=\"_ _1\"/>y-acc<span class=\"_ _6\"/>ounted investe<span class=\"_ _1\"/>es are publicly listed e<span class=\"_ _1\"/>ntities and consequentl<span class=\"_ _1\"/>y they do no<span class=\"_ _1\"/>t have published price quot<span class=\"_ _1\"/>ations. T<span class=\"_ _1\"/>he group has no signifi<span class=\"_ _1\"/>cant commitment<span class=\"_ _1\"/>s to its jo<span class=\"_ _1\"/>int ventures and associates2<span class=\"_ _1\"/>3<span class=\"_ _1\"/>. <span class=\"_ _d\"> </span><span class=\"ff5 fs6 ls1ef ws47\">OTHE<span class=\"_ _1\"/>R<span class=\"_ _7\"/> INVES<span class=\"_ _1\"/>TMENTS</span>Equit<span class=\"_ _1\"/>y secur<span class=\"_ _1\"/>ities, l<span class=\"_ _1\"/>ong-term loans, d<span class=\"_ _1\"/>eposits an<span class=\"_ _1\"/>d other lo<span class=\"_ _1\"/>ng-term assets are f<span class=\"_ _1\"/>inancial assets<span class=\"_ _1\"/>. The Gr<span class=\"_ _1\"/>oup does not have mater<span class=\"_ _1\"/>ial deriv<span class=\"_ _1\"/>ative finan<span class=\"_ _1\"/>cial assets. The afo<span class=\"_ _1\"/>rementio<span class=\"_ _1\"/>ned finan<span class=\"_ _1\"/>cial assets are classifie<span class=\"_ _1\"/>d at initial recogn<span class=\"_ _1\"/>ition, an<span class=\"_ _1\"/>d subsequentl<span class=\"_ _1\"/>y measured at amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost or fair value t<span class=\"_ _1\"/>hrough prof<span class=\"_ _1\"/>it and loss. The classifi<span class=\"_ _1\"/>cation at initial re<span class=\"_ _1\"/>cognition d<span class=\"_ _1\"/>epends on t<span class=\"_ _1\"/>he financial asset<span class=\"_ _1\"/>\u2019s contrac<span class=\"_ _1\"/>tual cash fl<span class=\"_ _1\"/>ow charac<span class=\"_ _1\"/>terist<span class=\"_ _1\"/>ics and th<span class=\"_ _1\"/>e Group\u2019s business mode<span class=\"_ _1\"/>l for managing the<span class=\"_ _1\"/>m. The G<span class=\"_ _1\"/>roup measures financ<span class=\"_ _1\"/>ial assets at amor<span class=\"_ _1\"/>tised cost if b<span class=\"_ _1\"/>oth of the foll<span class=\"_ _1\"/>owing conditio<span class=\"_ _1\"/>ns are met: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>The f<span class=\"_ _1\"/>inancial asset is held wit<span class=\"_ _1\"/>hin a business model wit<span class=\"_ _1\"/>h the obje<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ve to hold finan<span class=\"_ _1\"/>cialasse<span class=\"_ _6\"/>ts in order to<span class=\"_ _6\"/> col<span class=\"_ _6\"/>lec<span class=\"_ _1\"/>t c<span class=\"_ _7\"/>ontrac<span class=\"_ _1\"/>tual ca<span class=\"_ _6\"/>sh flows <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>The contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>ual terms of the f<span class=\"_ _1\"/>inancial asset give rise on sp<span class=\"_ _1\"/>ecifi<span class=\"_ _1\"/>ed dates to cash flo<span class=\"_ _1\"/>ws that are sol<span class=\"_ _1\"/>ely payme<span class=\"_ _1\"/>nts of principa<span class=\"_ _1\"/>l and interest on the p<span class=\"_ _1\"/>rincipal amount outs<span class=\"_ _1\"/>tanding.Wit<span class=\"_ _1\"/>h the exception of t<span class=\"_ _1\"/>rade re<span class=\"_ _1\"/>ceivabl<span class=\"_ _1\"/>es that do not contain a signifi<span class=\"_ _1\"/>cant financing compon<span class=\"_ _1\"/>ent or for which t<span class=\"_ _1\"/>he Group has applie<span class=\"_ _1\"/>d the pr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>ical exp<span class=\"_ _1\"/>edient<span class=\"_ _1\"/>, the Gr<span class=\"_ _1\"/>oup initially measures a f<span class=\"_ _1\"/>inancial asset at its f<span class=\"_ _1\"/>air value plus, in t<span class=\"_ _1\"/>he case of a financial asset not at fair valu<span class=\"_ _1\"/>e through prof<span class=\"_ _1\"/>it or loss<span class=\"_ _1\"/>, transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s. Subseque<span class=\"_ _1\"/>nt measurement is at amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost us<span class=\"_ _6\"/>ing the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest m<span class=\"_ _1\"/>ethod an<span class=\"_ _1\"/>d is s<span class=\"_ _6\"/>ubjec<span class=\"_ _1\"/>t to impairme<span class=\"_ _1\"/>nt. Gains and losses are re<span class=\"_ _1\"/>cognised in prof<span class=\"_ _1\"/>it or loss when t<span class=\"_ _1\"/>he asset is dereco<span class=\"_ _1\"/>gnised, mo<span class=\"_ _1\"/>dified o<span class=\"_ _1\"/>r impaired<span class=\"_ _1\"/>. Financial assets at f<span class=\"_ _1\"/>air value throu<span class=\"_ _1\"/>gh profit or l<span class=\"_ _1\"/>oss are carrie<span class=\"_ _1\"/>d in the state<span class=\"_ _1\"/>ment of financial p<span class=\"_ _1\"/>osition at fair v<span class=\"_ _1\"/>alue with ne<span class=\"_ _1\"/>t changes in fair v<span class=\"_ _1\"/>alue recognise<span class=\"_ _1\"/>d in the statement<span class=\"_ _6\"/> of c<span class=\"_ _6\"/>omprehens<span class=\"_ _6\"/>ive inc<span class=\"_ _7\"/>ome<span class=\"_ _1\"/>. Dividends<span class=\"_ _6\"/> on equity investmen<span class=\"_ _6\"/>ts are al<span class=\"_ _6\"/>so recognise<span class=\"_ _1\"/>d as net finance income in t<span class=\"_ _1\"/>he stateme<span class=\"_ _1\"/>nt of c<span class=\"_ _6\"/>ompreh<span class=\"_ _1\"/>ensive income when t<span class=\"_ _1\"/>he right of paym<span class=\"_ _1\"/>ent has been est<span class=\"_ _1\"/>ablished. T<span class=\"_ _1\"/>he Group de<span class=\"_ _1\"/>recognises a f<span class=\"_ _1\"/>inancial asset when the r<span class=\"_ _1\"/>ights to recei<span class=\"_ _1\"/>ve cash flow<span class=\"_ _1\"/>s from the asset have ex<span class=\"_ _1\"/>pired or have b<span class=\"_ _1\"/>een tr<span class=\"_ _1\"/>ansferred and the gr<span class=\"_ _1\"/>oup has transferr<span class=\"_ _1\"/>ed substantially all th<span class=\"_ _1\"/>e risks and rew<span class=\"_ _1\"/>ards of owner<span class=\"_ _1\"/>ship.The G<span class=\"_ _1\"/>roup recognises an all<span class=\"_ _1\"/>owance for ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted cre<span class=\"_ _1\"/>dit losses (E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) f<span class=\"_ _1\"/>or all debt instrume<span class=\"_ _1\"/>nts not hel<span class=\"_ _1\"/>d at fair value t<span class=\"_ _1\"/>hrough prof<span class=\"_ _1\"/>it or loss. Ref<span class=\"_ _1\"/>er to <span class=\"fc14\">note 3<span class=\"_ _1\"/>4.<span class=\"_ _1\"/>2</span> Cr<span class=\"_ _1\"/>edit risk for details on ho<span class=\"_ _1\"/>w the Gro<span class=\"_ _1\"/>up applies ECL m<span class=\"_ _1\"/>odel<span class=\"_ _1\"/>.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _40\"> </span>Measurement Category<span class=\"_ _ef\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Equit<span class=\"_ _1\"/>y se<span class=\"_ _1\"/>curities<span class=\"_ _1d3\"> </span>Fair valu<span class=\"_ _1\"/>e through p<span class=\"_ _1\"/>rofit an<span class=\"_ _1\"/>d loss<span class=\"_ _7c\"> </span>1,0<span class=\"_ _1\"/>96<span class=\"_ _70\"> </span><span class=\"ff8 fc14\">1,096</span>Long-term loa<span class=\"_ _6\"/>ns <span class=\"_ _10e\"> </span>A<span class=\"_ _1\"/>mortised co<span class=\"_ _6\"/>st<span class=\"_ _50\"> </span><span class=\"ls2 ws2\">4,500<span class=\"_ _61\"> </span><span class=\"ff8 fc14\">4,5<span class=\"_ _1\"/>00</span></span>De<span class=\"_ _1\"/>posit<span class=\"_ _1\"/>s<span class=\"_ _23c\"> </span>Amor<span class=\"_ _1\"/>tised c<span class=\"_ _7\"/>ost<span class=\"_ _3c\"> </span><span class=\"ls2 ws2\">3,<span class=\"_ _1\"/>238<span class=\"_ _b4\"> </span><span class=\"ff8 fc14\">32,08<span class=\"_ _1\"/>6</span></span>Net d<span class=\"_ _1\"/>efine<span class=\"_ _1\"/>d benef<span class=\"_ _1\"/>it asset<span class=\"_ _21\"> </span><span class=\"ls78 ws7d\">Pr<span class=\"_ _1\"/>esent value<span class=\"_ _23d\"> </span></span>21,333<span class=\"_ _21f\"> </span><span class=\"ff8 fc14\">22,79<span class=\"_ _1\"/>6</span>Other long-term<span class=\"_ _6\"/> assets<span class=\"_ _e0\"> </span>Nominal value<span class=\"_ _81\"> </span><span class=\"ls2 ws2\">5,083<span class=\"_ _92\"> </span><span class=\"ff8 fc14\">2,617</span></span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _23e\"> </span><span class=\"ls43 ws4b\">35,250<span class=\"_ _6f\"> </span></span><span class=\"fc14\">63,09<span class=\"_ _1\"/>5</span>Equit<span class=\"_ _1\"/>y secur<span class=\"_ _1\"/>ities are investme<span class=\"_ _1\"/>nts in third par<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y entiti<span class=\"_ _1\"/>es in whose ac<span class=\"_ _1\"/>tivities t<span class=\"_ _1\"/>he Group h<span class=\"_ _1\"/>olds a non-contro<span class=\"_ _1\"/>lling interest and has no control, j<span class=\"_ _1\"/>oint control or signifi<span class=\"_ _1\"/>cant influence. The G<span class=\"_ _1\"/>roup receive<span class=\"_ _1\"/>d no divid<span class=\"_ _1\"/>ends from it<span class=\"_ _1\"/>s equit<span class=\"_ _1\"/>y secur<span class=\"_ _1\"/>ities in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 (20<span class=\"_ _1\"/>21: nil<span class=\"_ _1\"/>).Lon<span class=\"_ _1\"/>g-<span class=\"_ _6\"/>term lo<span class=\"_ _1\"/>ans mainly comprise a loan due f<span class=\"_ _1\"/>rom Wavewalker B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>. fo<span class=\"_ _1\"/>r the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of EU<span class=\"_ _1\"/>R 4.<span class=\"_ _1\"/>5 million (3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million). The loan has to b<span class=\"_ _1\"/>e fully repaid b<span class=\"_ _1\"/>efore 3<span class=\"_ _1\"/>0 Ap<span class=\"_ _1\"/>ril 20<span class=\"_ _1\"/>27.The n<span class=\"_ _1\"/>et define<span class=\"_ _1\"/>d benef<span class=\"_ _1\"/>it asset comprises of a surplus on a U<span class=\"_ _1\"/>K pension plan as p<span class=\"_ _1\"/>er 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 (refer to <span class=\"fc14\">note 31</span><span class=\"ls1d wsa9\"> E<span class=\"_ _1\"/>mployee B<span class=\"_ _1\"/>enefit<span class=\"_ _1\"/>s<span class=\"_ _7\"/>).</span>Dep<span class=\"_ _1\"/>osits pe<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tained to th<span class=\"_ _1\"/>e lease of t<span class=\"_ _1\"/>wo geote<span class=\"_ _1\"/>chnical vessels<span class=\"_ _1\"/>. Fugro exercise<span class=\"_ _1\"/>d its purchase options on 2<span class=\"_ _1\"/>8 Fe<span class=\"_ _1\"/>bruar<span class=\"_ _1\"/>y 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2. T<span class=\"_ _1\"/>he purchase pr<span class=\"_ _1\"/>ice will be net of the d<span class=\"_ _1\"/>eposits<span class=\"_ _1\"/>, which are consequentl<span class=\"_ _1\"/>y now include<span class=\"_ _1\"/>d as par<span class=\"_ _1\"/>t of the carr<span class=\"_ _0\"/>ying amount of the r<span class=\"_ _1\"/>ight of use asset.24<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws1f9\">INVENTORIES</span>Inventori<span class=\"_ _1\"/>es are measured at the l<span class=\"_ _1\"/>ower of cost and net re<span class=\"_ _1\"/>alisable value. T<span class=\"_ _1\"/>he cost of inven<span class=\"_ _7\"/>tories is determi<span class=\"_ _6\"/>ned usin<span class=\"_ _6\"/>g the first<span class=\"_ _6\"/>-in<span class=\"_ _6\"/> first-ou<span class=\"_ _6\"/>t principle, a<span class=\"_ _6\"/>nd inclu<span class=\"_ _6\"/>des expenditure<span class=\"_ _6\"/> incurred in<span class=\"_ _6\"/> acqu<span class=\"_ _7\"/>iring the inven<span class=\"_ _6\"/>tories, production or con<span class=\"_ _6\"/>version c<span class=\"_ _6\"/>osts and other c<span class=\"_ _7\"/>osts incurre<span class=\"_ _1\"/>d in bringing th<span class=\"_ _1\"/>em to their exist<span class=\"_ _1\"/>ing locati<span class=\"_ _1\"/>on and condition<span class=\"_ _1\"/>. Net realisabl<span class=\"_ _1\"/>e value of inventories is th<span class=\"_ _1\"/>e estimated selling pr<span class=\"_ _1\"/>ice in the ordinar<span class=\"_ _1\"/>y course of business<span class=\"_ _1\"/>, less the estimated cost<span class=\"_ _1\"/>s of completion an<span class=\"_ _1\"/>d selling expe<span class=\"_ _1\"/>nses.In 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, E<span class=\"_ _1\"/>UR 2<span class=\"_ _1\"/>9,09<span class=\"_ _1\"/>8 tho<span class=\"_ _1\"/>usand  (20<span class=\"_ _1\"/>21: E<span class=\"_ _1\"/>UR 2<span class=\"_ _1\"/>9,261 th<span class=\"_ _1\"/>ousand<span class=\"_ _1\"/>) of inventories was re<span class=\"_ _1\"/>cognised as an e<span class=\"_ _1\"/>xpe<span class=\"_ _1\"/>nse.2<span class=\"_ _1\"/>5<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls11f ws3b\">TR<span class=\"_ _0\"/>AD<span class=\"_ _1\"/>E A<span class=\"_ _1\"/>ND O<span class=\"_ _1\"/>TH<span class=\"_ _1\"/>E<span class=\"_ _1\"/>R R<span class=\"_ _1\"/>E<span class=\"_ _1\"/>CE<span class=\"_ _1\"/>I<span class=\"_ _1\"/>VAB<span class=\"_ _1\"/>LE<span class=\"_ _1\"/>S</span>T<span class=\"_ _6\"/>rade r<span class=\"_ _1\"/>eceivab<span class=\"_ _1\"/>les that do not contain a signif<span class=\"_ _1\"/>icant financing comp<span class=\"_ _1\"/>onent or fo<span class=\"_ _1\"/>r which the Group has appli<span class=\"_ _1\"/>ed the pr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>tical exp<span class=\"_ _1\"/>edient wh<span class=\"_ _1\"/>en it is expe<span class=\"_ _1\"/>cted<span class=\"_ _1\"/>, at contrac<span class=\"_ _1\"/>t inception<span class=\"_ _1\"/>, that the p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d bet<span class=\"_ _1\"/>ween w<span class=\"_ _1\"/>hen the G<span class=\"_ _1\"/>roup transfer<span class=\"_ _1\"/>s the pro<span class=\"_ _1\"/>mised goo<span class=\"_ _1\"/>ds or ser<span class=\"_ _1\"/>vices and when t<span class=\"_ _1\"/>he customer<span class=\"_ _1\"/>s pays for this go<span class=\"_ _1\"/>od or ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ice is one year or less<span class=\"_ _1\"/>, are measured at th<span class=\"_ _1\"/>e transa<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>n price deter<span class=\"_ _1\"/>mined unde<span class=\"_ _1\"/>r IFR<span class=\"_ _1\"/>S 15<span class=\"_ _1\"/>. O<span class=\"_ _1\"/>ther re<span class=\"_ _1\"/>ceivabl<span class=\"_ _1\"/>es are recognise<span class=\"_ _1\"/>d initially at fair v<span class=\"_ _1\"/>alue plus any direc<span class=\"_ _1\"/>tly at<span class=\"_ _1\"/>tributab<span class=\"_ _1\"/>le transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s. Subsequ<span class=\"_ _1\"/>ent to initial recogni<span class=\"_ _1\"/>tion the<span class=\"_ _1\"/>y are measured at amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost us<span class=\"_ _6\"/>ing the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interes<span class=\"_ _1\"/>t method less, any impairm<span class=\"_ _1\"/>ent losses.Unbille<span class=\"_ _1\"/>d revenue on (completed<span class=\"_ _1\"/>) proje<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s represent<span class=\"_ _1\"/>s the gross amount ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted to b<span class=\"_ _1\"/>e collec<span class=\"_ _1\"/>ted fro<span class=\"_ _1\"/>m customers f<span class=\"_ _1\"/>or contrac<span class=\"_ _1\"/>t wor<span class=\"_ _1\"/>k per<span class=\"_ _1\"/>forme<span class=\"_ _1\"/>d to date (<span class=\"_ _7\"/>a contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>t asset). It is measured at costs in<span class=\"_ _1\"/>curred plus prof<span class=\"_ _1\"/>its re<span class=\"_ _1\"/>cognised to date less pr<span class=\"_ _1\"/>ogress billings and recognise<span class=\"_ _1\"/>d losses. G<span class=\"_ _1\"/>ener<span class=\"_ _1\"/>ally, unbilled revenue o<span class=\"_ _1\"/>n (<span class=\"_ _7\"/>compl<span class=\"_ _1\"/>eted<span class=\"_ _1\"/>) projec<span class=\"_ _1\"/>ts is invoiced to customers i<span class=\"_ _6\"/>n the period following the e<span class=\"_ _6\"/>xecution of<span class=\"_ _6\"/> work<span class=\"_ _1\"/>. Su<span class=\"_ _6\"/>bsequently<span class=\"_ _7\"/>, trade receiv<span class=\"_ _1\"/>ables are pai<span class=\"_ _1\"/>d by customers in a<span class=\"_ _1\"/>cc<span class=\"_ _6\"/>ordance with th<span class=\"_ _1\"/>eir respe<span class=\"_ _1\"/>ctive p<span class=\"_ _1\"/>ayment term<span class=\"_ _1\"/>. The contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s in progr<span class=\"_ _1\"/>ess for which this amo<span class=\"_ _1\"/>unt exceeds prog<span class=\"_ _1\"/>ress billings are presented as unbilled reve<span class=\"_ _1\"/>nue on (<span class=\"_ _6\"/>completed<span class=\"_ _1\"/>) proj<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>s. T<span class=\"_ _1\"/>he contrac<span class=\"_ _1\"/>ts in pr<span class=\"_ _1\"/>ogress for whi<span class=\"_ _1\"/>ch progr<span class=\"_ _1\"/>ess billing exceeds costs incur<span class=\"_ _1\"/>red plus prof<span class=\"_ _1\"/>its re<span class=\"_ _1\"/>cognised to date less pro<span class=\"_ _1\"/>gress billings and reco<span class=\"_ _1\"/>gnised losses are pres<span class=\"_ _1\"/>ented as advan<span class=\"_ _1\"/>ce in<span class=\"_ _6\"/>stalme<span class=\"_ _1\"/>nts to work in p<span class=\"_ _1\"/>rogress.The G<span class=\"_ _1\"/>roup applies th<span class=\"_ _1\"/>e Exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted Cre<span class=\"_ _1\"/>dit Loss (E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>) model<span class=\"_ _1\"/>. For tr<span class=\"_ _1\"/>ade re<span class=\"_ _1\"/>ceivables an<span class=\"_ _1\"/>d unbilled re<span class=\"_ _1\"/>venue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s, th<span class=\"_ _1\"/>e Group appli<span class=\"_ _1\"/>es a simplified app<span class=\"_ _1\"/>roach in calculating E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>s. Th<span class=\"_ _1\"/>erefore<span class=\"_ _1\"/>, the Gro<span class=\"_ _1\"/>up does not tr<span class=\"_ _1\"/>ack chang<span class=\"_ _1\"/>es in credit risk<span class=\"_ _1\"/>, but instead recognises a l<span class=\"_ _1\"/>oss allowance based o<span class=\"_ _1\"/>n lifetime EC<span class=\"_ _1\"/>Ls at ea<span class=\"_ _1\"/>ch repo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ing date. Refer to <span class=\"fc14\">note </span>34.2<span class=\"fc2 ls2 ws2\"> Credit risk for de<span class=\"_ _1\"/>tails on how the G<span class=\"_ _1\"/>roup applies t<span class=\"_ _1\"/>he ECL m<span class=\"_ _1\"/>odel.</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade receivables<span class=\"_ _23f\"> </span><span class=\"ls2 ws2\">291,207<span class=\"_ _2b\"> </span><span class=\"ff8 fc14\">24<span class=\"_ _1\"/>0,035</span></span>Unbilled rev<span class=\"_ _6\"/>enue on (<span class=\"_ _7\"/>completed) projects<span class=\"_ _238\"> </span><span class=\"ls2 ws2\">216,744<span class=\"_ _f9\"> </span><span class=\"ff8 fc14\">186,002</span></span>Prepayments<span class=\"_ _240\"> </span><span class=\"ls2 ws2\">28,882<span class=\"_ _6e\"> </span><span class=\"ff8 fc14\">29,7<span class=\"_ _1\"/>16</span></span>VA<span class=\"_ _6\"/>T and oth<span class=\"_ _1\"/>er tax r<span class=\"_ _1\"/>eceiv<span class=\"_ _1\"/>ables<span class=\"_ _233\"> </span>3<span class=\"_ _1\"/>0,563<span class=\"_ _20\"> </span><span class=\"ff8 fc14\">17<span class=\"_ _7\"/>,927</span>Other receivables <span class=\"_ _1c1\"> </span><span class=\"ls2 ws2\">36,079<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">39,140</span></span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _204\"> </span>6<span class=\"_ _1\"/>03,475<span class=\"_ _17b\"> </span><span class=\"fc14\">512,820</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade receivable<span class=\"_ _6\"/>s are s<span class=\"_ _6\"/>hown net of<span class=\"_ _6\"/> impai<span class=\"_ _6\"/>rment los<span class=\"_ _6\"/>ses (<span class=\"_ _7\"/>see below) aris<span class=\"_ _6\"/>ing from iden<span class=\"_ _7\"/>tif<span class=\"_ _1\"/>ied doubt<span class=\"_ _1\"/>ful receiv<span class=\"_ _1\"/>ables fro<span class=\"_ _1\"/>m customers as we<span class=\"_ _1\"/>ll as expec<span class=\"_ _1\"/>ted cre<span class=\"_ _1\"/>dit losses. O<span class=\"_ _1\"/>ther re<span class=\"_ _1\"/>ceivabl<span class=\"_ _1\"/>es include s<span class=\"_ _7\"/>hor<span class=\"_ _1\"/>t-<span class=\"_ _7\"/>term deposits and curren<span class=\"_ _6\"/>t por<span class=\"_ _1\"/>tion of<span class=\"_ _6\"/> long-<span class=\"_ _6\"/>term receivables wi<span class=\"_ _6\"/>th an impairme<span class=\"_ _1\"/>nt loss of EUR 5<span class=\"_ _1\"/>24 thousand re<span class=\"_ _1\"/>cognised in the year (<span class=\"_ _1\"/>202<span class=\"_ _1\"/>1: nil<span class=\"_ _1\"/>). Impairm<span class=\"_ _1\"/>ent lossesT<span class=\"_ _6\"/>rade r<span class=\"_ _1\"/>eceivab<span class=\"_ _1\"/>les were impaire<span class=\"_ _1\"/>d taking into account the f<span class=\"_ _1\"/>inancial positio<span class=\"_ _1\"/>n of the debtor<span class=\"_ _1\"/>s, the days o<span class=\"_ _1\"/>utstan<span class=\"_ _1\"/>ding, the ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted outcome of n<span class=\"_ _1\"/>egotiat<span class=\"_ _1\"/>ions and legal p<span class=\"_ _1\"/>roceedin<span class=\"_ _1\"/>gs against debtor<span class=\"_ _1\"/>s and probab<span class=\"_ _1\"/>ilities of default<span class=\"_ _1\"/>. Unbilled r<span class=\"_ _1\"/>evenue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) p<span class=\"_ _1\"/>rojec<span class=\"_ _1\"/>ts does n<span class=\"_ _1\"/>ot include (material<span class=\"_ _1\"/>) impairment losses whi<span class=\"_ _1\"/>ch is simi<span class=\"_ _6\"/>lar to previ<span class=\"_ _1\"/>ous year<span class=\"_ _7\"/>. T<span class=\"_ _1\"/>he age<span class=\"_ _1\"/>ing of tra<span class=\"_ _1\"/>de receiv<span class=\"_ _1\"/>ables and unbille<span class=\"_ _1\"/>d revenue on (completed<span class=\"_ _1\"/>) contrac<span class=\"_ _1\"/>ts at t<span class=\"_ _1\"/>he repo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ing date is a<span class=\"_ _6\"/>s follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _241\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022</span>Estimated total gros<span class=\"_ _6\"/>s car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g Expected amount at Expectedcre<span class=\"_ _1\"/>dit l<span class=\"_ _1\"/>oss Statusdefaultcredit lossra<span class=\"_ _1\"/>te %Past du<span class=\"_ _1\"/>e for 0 to 3<span class=\"_ _1\"/>0 days<span class=\"_ _47\"> </span><span class=\"ls4c ws53\">Fully perfor<span class=\"_ _1\"/>ming<span class=\"_ _12a\"> </span></span>4<span class=\"_ _1\"/>03,381<span class=\"_ _231\"> </span>292<span class=\"_ _ae\"> </span>0.07Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 31 to 6<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _da\"> </span><span class=\"ls2 ws2\">53,261<span class=\"_ _e0\"> </span>480<span class=\"_ _d1\"> </span>0.90</span>Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 61 to 9<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _1f8\"> </span><span class=\"ls2 ws2\">18,243<span class=\"_ _a3\"> </span><span class=\"ls43 ws4b\">86<span class=\"_ _8e\"> </span></span>0.47</span>Past du<span class=\"_ _1\"/>e for over 9<span class=\"_ _1\"/>0 days<span class=\"_ _17f\"> </span><span class=\"ls7a ws7f\">(Mater<span class=\"_ _1\"/>ially) impaire<span class=\"_ _1\"/>d<span class=\"_ _231\"> </span></span>33,559<span class=\"_ _22\"> </span>13,565<span class=\"_ _5d\"> </span>40.42Retention<span class=\"_ _6\"/>s and s<span class=\"_ _6\"/>pecial item<span class=\"_ _6\"/>s<span class=\"_ _238\"> </span><span class=\"ls2 ws2\">14,498<span class=\"_ _df\"> </span><span class=\"ls43 ws4b\">568<span class=\"_ _ae\"> </span></span>3.92</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _23a\"> </span>522,942<span class=\"_ _22\"> </span>14,991(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _184\"> </span><span class=\"ff7 fs3 ls1dc ws1e2\">2021</span>Estimated total gros<span class=\"_ _6\"/>s car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g Expected amount at Expectedcre<span class=\"_ _1\"/>dit l<span class=\"_ _1\"/>oss Statusdefaultcredit lossra<span class=\"_ _1\"/>te %Past du<span class=\"_ _1\"/>e for 0 to 3<span class=\"_ _1\"/>0 days<span class=\"_ _47\"> </span><span class=\"ls4c ws53\">Fully perfor<span class=\"_ _1\"/>ming<span class=\"_ _129\"> </span></span><span class=\"ff8 fc14\">353,829<span class=\"_ _e1\"> </span><span class=\"ls43 ws4b\">95<span class=\"_ _d1\"> </span></span>0.03</span>Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 31 to 6<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _41\"> </span><span class=\"ff8 fc14 ls2 ws2\">34,28<span class=\"_ _1\"/>6<span class=\"_ _e0\"> </span>998<span class=\"_ _df\"> </span>2.91</span>Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 61 to 9<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _1d2\"> </span><span class=\"ff8 fc14 ls2 ws2\">8,96<span class=\"_ _1\"/>8<span class=\"_ _b2\"> </span>552<span class=\"_ _df\"> </span><span class=\"ls1df ws1e5\">6<span class=\"_ _1\"/>.1<span class=\"_ _1\"/>6</span></span>Past du<span class=\"_ _1\"/>e for over 9<span class=\"_ _1\"/>0 days<span class=\"_ _17f\"> </span><span class=\"ls7a ws7f\">(Mater<span class=\"_ _1\"/>ially) impaire<span class=\"_ _1\"/>d<span class=\"_ _b1\"> </span></span><span class=\"ff8 fc14\">35,<span class=\"_ _1\"/>281<span class=\"_ _73\"> </span>13,7<span class=\"_ _1\"/>11<span class=\"_ _1c9\"> </span>38.86</span>Retention<span class=\"_ _6\"/>s and s<span class=\"_ _6\"/>pecial item<span class=\"_ _6\"/>s<span class=\"_ _242\"> </span><span class=\"ff8 fc14 ls2 ws2\">9,<span class=\"_ _6\"/>111<span class=\"_ _e1\"> </span><span class=\"ls87 ws3b\">82<span class=\"_ _d1\"> </span></span>0.90</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _243\"> </span><span class=\"fc14\">441,475<span class=\"_ _84\"> </span>15,438</span>The m<span class=\"_ _1\"/>ovement in the allo<span class=\"_ _1\"/>wance for impairm<span class=\"_ _1\"/>ent in respec<span class=\"_ _1\"/>t of tra<span class=\"_ _1\"/>de receiv<span class=\"_ _1\"/>ables and unbilled re<span class=\"_ _1\"/>venue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s during th<span class=\"_ _1\"/>e year was as follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y<span class=\"_ _244\"> </span><span class=\"ff4 fs6 ls2\">15,438<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">16,835</span></span>Impairme<span class=\"_ _1\"/>nt loss recognised<span class=\"_ _1f0\"> </span><span class=\"ls2 ws2\">2,918<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">4,<span class=\"_ _6\"/>144</span></span>Impairment<span class=\"_ _6\"/> loss rev<span class=\"_ _6\"/>ersed<span class=\"_ _23e\"> </span><span class=\"ls2 ws2\">(2,003)<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">(1,8<span class=\"_ _1\"/>61)</span></span>Write-<span class=\"_ _1\"/>off<span class=\"_ _245\"> </span><span class=\"ls2 ws2\">(1,972)<span class=\"_ _9b\"> </span><span class=\"ff8 fc14\">(4,767)</span></span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of moveme<span class=\"_ _1\"/>nts in exchan<span class=\"_ _1\"/>ge rates<span class=\"_ _246\"> </span><span class=\"ls1ed ws1f2\">610<span class=\"_ _89\"> </span></span><span class=\"ff8 fc14\">1,087</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _bd\"> </span>14,991<span class=\"_ _84\"> </span><span class=\"fc14\">15,438</span>The allowanc<span class=\"_ _6\"/>e acc<span class=\"_ _7\"/>ount with res<span class=\"_ _6\"/>pec<span class=\"_ _1\"/>t to<span class=\"_ _6\"/> trade receivables and u<span class=\"_ _6\"/>nbil<span class=\"_ _6\"/>led revenue on (<span class=\"_ _6\"/>completed<span class=\"_ _1\"/>) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s are used to re<span class=\"_ _1\"/>cord impairment losses unless t<span class=\"_ _1\"/>he Group is satisfi<span class=\"_ _1\"/>ed that no re<span class=\"_ _1\"/>cover<span class=\"_ _1\"/>y of the amount owin<span class=\"_ _1\"/>g is possible. At that p<span class=\"_ _1\"/>oint the amount considere<span class=\"_ _1\"/>d irre<span class=\"_ _1\"/>coverable is wri<span class=\"_ _1\"/>tten of<span class=\"_ _1\"/>f direc<span class=\"_ _1\"/>tly against th<span class=\"_ _1\"/>e allowance. T<span class=\"_ _1\"/>he changes in th<span class=\"_ _1\"/>e aforeme<span class=\"_ _1\"/>ntione<span class=\"_ _1\"/>d balances contributed to chan<span class=\"_ _1\"/>ges in the loss allow<span class=\"_ _1\"/>ance. Consistent with prio<span class=\"_ _1\"/>r year<span class=\"_ _6\"/>, there ar<span class=\"_ _1\"/>e no material tr<span class=\"_ _1\"/>ade recei<span class=\"_ _1\"/>vables whi<span class=\"_ _1\"/>ch were writ<span class=\"_ _1\"/>ten of<span class=\"_ _1\"/>f during 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 and which are<span class=\"_ _6\"/> still s<span class=\"_ _7\"/>ubjec<span class=\"_ _1\"/>t to<span class=\"_ _6\"/> enforc<span class=\"_ _6\"/>ement activity.26<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls11f ws3b\">C<span class=\"_ _1\"/>A<span class=\"_ _1\"/>SH A<span class=\"_ _1\"/>N<span class=\"_ _1\"/>D C<span class=\"_ _1\"/>AS<span class=\"_ _1\"/>H E<span class=\"_ _1\"/>Q<span class=\"_ _1\"/>UI<span class=\"_ _1\"/>VAL<span class=\"_ _1\"/>E<span class=\"_ _1\"/>N<span class=\"_ _1\"/>TS</span>In the consoli<span class=\"_ _1\"/>dated stateme<span class=\"_ _1\"/>nt of cash flows<span class=\"_ _1\"/>, cash and cash equiv<span class=\"_ _1\"/>alents inclu<span class=\"_ _1\"/>de cash in hand and call de<span class=\"_ _1\"/>posits<span class=\"_ _1\"/>. Bank overdr<span class=\"_ _1\"/>aft<span class=\"_ _1\"/>s that are repay<span class=\"_ _1\"/>able on deman<span class=\"_ _1\"/>d and which fo<span class=\"_ _1\"/>rm an integral p<span class=\"_ _1\"/>ar<span class=\"_ _1\"/>t of the Group\u2019s cash managem<span class=\"_ _1\"/>ent are include<span class=\"_ _1\"/>d as a c<span class=\"_ _6\"/>ompo<span class=\"_ _1\"/>nent of cash and cash equiv<span class=\"_ _1\"/>alents fo<span class=\"_ _1\"/>r the purp<span class=\"_ _1\"/>ose of the consolidated st<span class=\"_ _1\"/>atement of cash fl<span class=\"_ _1\"/>ows. Bank overdr<span class=\"_ _1\"/>aft<span class=\"_ _1\"/>s are shown w<span class=\"_ _1\"/>ithin the curre<span class=\"_ _1\"/>nt liabilities in the consolidate<span class=\"_ _1\"/>d statement of financial p<span class=\"_ _1\"/>osition<span class=\"_ _1\"/>.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Cash and c<span class=\"_ _1\"/>ash equival<span class=\"_ _1\"/>ents <span class=\"_ _247\"> </span><span class=\"ls43 ws4b\">209,090<span class=\"_ _f9\"> </span></span><span class=\"ff8 fc14\">148,95<span class=\"_ _1\"/>6</span>Bank ove<span class=\"_ _1\"/>rdraf<span class=\"_ _1\"/>t <span class=\"_ _248\"> </span>(2,059)<span class=\"_ _65\"> </span><span class=\"ff8 fc14\">(1,824)</span>Cas<span class=\"_ _1\"/>h and cash e<span class=\"_ _1\"/>qui<span class=\"_ _1\"/>vale<span class=\"_ _1\"/>nts in t<span class=\"_ _1\"/>he conso<span class=\"_ _1\"/>lida<span class=\"_ _1\"/>ted st<span class=\"_ _1\"/>atem<span class=\"_ _1\"/>ent of cash flows<span class=\"_ _1ee\"> </span><span class=\"ls2 ws2\">2<span class=\"_ _1\"/>07<span class=\"_ _3\"/>,031<span class=\"_ _65\"> </span><span class=\"fc14\">147<span class=\"_ _3\"/>,132</span></span>The c<span class=\"_ _1\"/>ash and cash equivalent<span class=\"_ _1\"/>s disclosed ab<span class=\"_ _1\"/>ove and in the consolidate<span class=\"_ _1\"/>d statement of cash fl<span class=\"_ _1\"/>ows include E<span class=\"_ _1\"/>UR 9.4 million (3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 8<span class=\"_ _1\"/>.<span class=\"_ _1\"/>8 million) of Angolan Kw<span class=\"_ _1\"/>anza\u2019<span class=\"_ _6\"/>s and EU<span class=\"_ _1\"/>R 6<span class=\"_ _1\"/>.9 mi<span class=\"_ _6\"/>llion (31 D<span class=\"_ _1\"/>ecembe<span class=\"_ _1\"/>r 202<span class=\"_ _1\"/>1: EU<span class=\"_ _1\"/>R 6<span class=\"_ _1\"/>.<span class=\"_ _1\"/>8 million<span class=\"_ _6\"/>) of Niger<span class=\"_ _1\"/>ian Naira w<span class=\"_ _1\"/>here exchang<span class=\"_ _1\"/>e controls apply (these bala<span class=\"_ _1\"/>nces are considered tr<span class=\"_ _1\"/>appe<span class=\"_ _1\"/>d cash<span class=\"_ _6\"/>). These t<span class=\"_ _1\"/>rappe<span class=\"_ _1\"/>d cash balances are not availab<span class=\"_ _1\"/>le for gen<span class=\"_ _1\"/>eral use by oth<span class=\"_ _1\"/>er entities wi<span class=\"_ _1\"/>thin the group.2<span class=\"_ _0\"/>7.<span class=\"_ _1\"/> <span class=\"_ _55\"> </span><span class=\"ff5 fs6 ls55 ws1ea\">TOTAL EQ<span class=\"_ _1\"/>UIT<span class=\"_ _1\"/>Y</span>Share capit<span class=\"_ _1\"/>al is classified as equit<span class=\"_ _1\"/>y. The ter<span class=\"_ _1\"/>m \u2018shares\u2019 as u<span class=\"_ _6\"/>sed in th<span class=\"_ _1\"/>e financial st<span class=\"_ _1\"/>atements per<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ain to ordinar<span class=\"_ _1\"/>y shares and prefer<span class=\"_ _1\"/>ence shares of Fugro N<span class=\"_ _1\"/>.<span class=\"_ _6\"/>V<span class=\"_ _6\"/>. Ordinar<span class=\"_ _1\"/>y shares of Fugr<span class=\"_ _1\"/>o N<span class=\"_ _1\"/>.<span class=\"_ _7\"/>V. are listed and tr<span class=\"_ _1\"/>aded o<span class=\"_ _1\"/>n the Eurone<span class=\"_ _1\"/>xt A<span class=\"_ _1\"/>msterdam stock e<span class=\"_ _1\"/>xchange. T<span class=\"_ _1\"/>he surplus paid by sharehol<span class=\"_ _1\"/>ders ab<span class=\"_ _1\"/>ove the nominal v<span class=\"_ _1\"/>alue of shares is recognised as share pr<span class=\"_ _1\"/>emium. Incre<span class=\"_ _1\"/>mental costs dire<span class=\"_ _1\"/>ctl<span class=\"_ _1\"/>y attr<span class=\"_ _1\"/>ibutable to t<span class=\"_ _1\"/>he issue of ordinar<span class=\"_ _1\"/>y shares and share options are reco<span class=\"_ _1\"/>gnised as a deduc<span class=\"_ _1\"/>tion f<span class=\"_ _1\"/>rom equit<span class=\"_ _1\"/>y, net of any tax ef<span class=\"_ _1\"/>fe<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s.Fugro purc<span class=\"_ _1\"/>hases and sells own shares in relati<span class=\"_ _1\"/>on to the long te<span class=\"_ _1\"/>rm incentive plans<span class=\"_ _1\"/>. Own shares w<span class=\"_ _1\"/>hich have bee<span class=\"_ _1\"/>n repurchased ar<span class=\"_ _1\"/>e held in treasur<span class=\"_ _1\"/>y and are d<span class=\"_ _1\"/>educ<span class=\"_ _1\"/>ted from and prese<span class=\"_ _1\"/>nted within equit<span class=\"_ _1\"/>y in a sep<span class=\"_ _1\"/>arate \u2018reser<span class=\"_ _1\"/>ve for ow<span class=\"_ _1\"/>n shares\u2019 on a cost basis. Own shares ar<span class=\"_ _1\"/>e recorde<span class=\"_ _1\"/>d at cost, repre<span class=\"_ _1\"/>senting the mar<span class=\"_ _1\"/>ket price paid on th<span class=\"_ _1\"/>e acquisition date. W<span class=\"_ _1\"/>hen reissued und<span class=\"_ _1\"/>er the lon<span class=\"_ _1\"/>g term incentive plan<span class=\"_ _1\"/>, shares are remove<span class=\"_ _1\"/>d from th<span class=\"_ _1\"/>e reser<span class=\"_ _1\"/>ve fo<span class=\"_ _1\"/>r own shares on a f<span class=\"_ _1\"/>irst-<span class=\"_ _6\"/>in, f<span class=\"_ _1\"/>irst-out (F<span class=\"_ _1\"/>IFO) basis. T<span class=\"_ _1\"/>he diffe<span class=\"_ _1\"/>rence bet<span class=\"_ _1\"/>wee<span class=\"_ _1\"/>n the cost and the cash re<span class=\"_ _1\"/>ceived is record<span class=\"_ _1\"/>ed in retaine<span class=\"_ _1\"/>d earnings<span class=\"_ _1\"/>.Div<span class=\"_ _1\"/>idends are re<span class=\"_ _1\"/>cognised as a liabilit<span class=\"_ _1\"/>y in the pe<span class=\"_ _1\"/>riod in whi<span class=\"_ _1\"/>ch they are de<span class=\"_ _1\"/>clared<span class=\"_ _1\"/>.2<span class=\"_ _1\"/>7<span class=\"_ _7\"/>.1 <span class=\"_ _ce\"> </span><span class=\"ff2 fs3 lsfd ws109\">Share capital and sh<span class=\"_ _6\"/>are premium</span>On 2<span class=\"_ _1\"/>8 July 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, Fu<span class=\"_ _1\"/>gro issued 1<span class=\"_ _1\"/>0,<span class=\"_ _1\"/>31<span class=\"_ _1\"/>9,0<span class=\"_ _1\"/>36 ne<span class=\"_ _1\"/>w ordinar<span class=\"_ _1\"/>y shares as par<span class=\"_ _1\"/>t of a sub-10 of<span class=\"_ _1\"/>fering through an a<span class=\"_ _1\"/>cc<span class=\"_ _6\"/>eler<span class=\"_ _1\"/>ated bo<span class=\"_ _1\"/>okbuild<span class=\"_ _1\"/>, which were d<span class=\"_ _1\"/>elivere<span class=\"_ _1\"/>d to subscribing investors and listed and admit<span class=\"_ _1\"/>ted to t<span class=\"_ _1\"/>rading on Euro<span class=\"_ _1\"/>nex<span class=\"_ _1\"/>t Amsterdam on t<span class=\"_ _1\"/>he same date. A<span class=\"_ _1\"/>s a result, Fugro\u2019s issued share capit<span class=\"_ _1\"/>al increased f<span class=\"_ _1\"/>rom 1<span class=\"_ _1\"/>03<span class=\"_ _1\"/>,19<span class=\"_ _1\"/>0<span class=\"_ _1\"/>,<span class=\"_ _1\"/>3<span class=\"_ _1\"/>66 to 11<span class=\"_ _1\"/>3<span class=\"_ _1\"/>,<span class=\"_ _1\"/>50<span class=\"_ _1\"/>9,4<span class=\"_ _1\"/>0<span class=\"_ _1\"/>2 shares. Th<span class=\"_ _1\"/>e iss<span class=\"_ _6\"/>ued shares are as follow<span class=\"_ _1\"/>s:(Numb<span class=\"_ _1\"/>ers of shares<span class=\"_ _7\"/>)<span class=\"_ _226\"> </span><span class=\"ff2 fs36 ls19e ws19e\">Ordinar<span class=\"_ _1\"/>y shares <span class=\"_ _96\"> </span><span class=\"ls1b5 ws1b9\">Preference shares</span></span>2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _5d\"> </span></span>2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span>In is<span class=\"_ _1\"/>sue at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y<span class=\"_ _dc\"> </span><span class=\"ff4 fs6 ls2\">103,<span class=\"_ _7\"/>19<span class=\"_ _1\"/>0,366<span class=\"_ _5a\"> </span><span class=\"ff8 fc14\">103,<span class=\"_ _7\"/>190,36<span class=\"_ _1\"/>6</span></span>-<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">-</span>Issued for<span class=\"_ _6\"/> cash<span class=\"_ _249\"> </span><span class=\"ls2 ws2\">10,319,036</span>-<span class=\"_ _e3\"> </span><span class=\"ff4 fc2\">-<span class=\"_ _e3\"> </span></span>-In is<span class=\"_ _1\"/>sue at 31 D<span class=\"_ _1\"/>ece<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r \u2013 full<span class=\"_ _1\"/>y paid<span class=\"_ _f3\"> </span>113,50<span class=\"_ _1\"/>9,402<span class=\"_ _17e\"> </span><span class=\"fc14\">103,190,366</span>-<span class=\"_ _e3\"> </span><span class=\"fc14\">-</span>Auth<span class=\"_ _1\"/>orise<span class=\"_ _1\"/>d at 31 De<span class=\"_ _1\"/>cember \u2013 n<span class=\"_ _1\"/>ominal valu<span class=\"_ _1\"/>e ordinar<span class=\"_ _1\"/>y shares EU<span class=\"_ _1\"/>R 0<span class=\"_ _1\"/>.0<span class=\"_ _1\"/>5 and nominal v<span class=\"_ _1\"/>alue pref<span class=\"_ _1\"/>erence shares  EU<span class=\"_ _1\"/>R 0.<span class=\"_ _1\"/>0<span class=\"_ _1\"/>5 in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2<span class=\"_ _1ad\"> </span>   180,00<span class=\"_ _1\"/>0,000<span class=\"_ _ce\"> </span><span class=\"ff8 fc14\">180,0<span class=\"_ _1\"/>00,00<span class=\"_ _1\"/>0<span class=\"_ _c4\"> </span></span>   22<span class=\"_ _1\"/>0,000,00<span class=\"_ _1\"/>0<span class=\"_ _17\"> </span><span class=\"ff8 fc14\">   220,00<span class=\"_ _1\"/>0,000</span>Consistent with last year, there are no shares issue<span class=\"_ _1\"/>d which are not f<span class=\"_ _1\"/>ully paid. On  31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, the autho<span class=\"_ _1\"/>rised share cap<span class=\"_ _1\"/>ital amounts to E<span class=\"_ _1\"/>UR 2<span class=\"_ _1\"/>0 million (20<span class=\"_ _1\"/>21:  EU<span class=\"_ _1\"/>R 20 million), consi<span class=\"_ _6\"/>sting of ordinar<span class=\"_ _1\"/>y shares an<span class=\"_ _1\"/>d various t<span class=\"_ _1\"/>yp<span class=\"_ _1\"/>es of prefere<span class=\"_ _1\"/>nce shares. On 31 D<span class=\"_ _1\"/>ecemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>22<span class=\"_ _1\"/>, the issued shar<span class=\"_ _1\"/>e capital amo<span class=\"_ _1\"/>unted to EUR 5<span class=\"_ _1\"/>.<span class=\"_ _1\"/>7 million (2<span class=\"_ _1\"/>021<span class=\"_ _1\"/>:  EU<span class=\"_ _1\"/>R 5<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million).Ordinar<span class=\"_ _1\"/>y sharesHol<span class=\"_ _1\"/>ders of ordinar<span class=\"_ _1\"/>y shares ar<span class=\"_ _1\"/>e entitled to di<span class=\"_ _1\"/>vidends as de<span class=\"_ _1\"/>clared fro<span class=\"_ _1\"/>m time to time and are entitle<span class=\"_ _1\"/>d to one vote p<span class=\"_ _1\"/>er share at gener<span class=\"_ _1\"/>al meet<span class=\"_ _1\"/>ings of the company. All rights at<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>ched to the company<span class=\"_ _1\"/>\u2019s shares held by th<span class=\"_ _1\"/>e Group are suspend<span class=\"_ _1\"/>ed until those shares are t<span class=\"_ _1\"/>ransferre<span class=\"_ _1\"/>d to a par<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y outsid<span class=\"_ _1\"/>e the Group<span class=\"_ _1\"/>.Preference sharesNo pr<span class=\"_ _1\"/>eference shares have be<span class=\"_ _1\"/>en issued. Fugr<span class=\"_ _1\"/>o\u2019s artic<span class=\"_ _1\"/>les of association as at 31 D<span class=\"_ _1\"/>ecemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 provide th<span class=\"_ _1\"/>e foundation St<span class=\"_ _1\"/>ichting Besch<span class=\"_ _1\"/>ermingsprefe<span class=\"_ _1\"/>rente aandele<span class=\"_ _1\"/>n Fugro with a right to exer<span class=\"_ _1\"/>cise a call option on p<span class=\"_ _1\"/>rotec<span class=\"_ _1\"/>tive prefe<span class=\"_ _1\"/>rence shares.2<span class=\"_ _0\"/>7.<span class=\"_ _0\"/>2<span class=\"_ _1\"/> <span class=\"_ _c\"> </span><span class=\"ff2 fs3 ls9e wsa2\">Translation reser<span class=\"_ _1\"/>ve</span>The t<span class=\"_ _1\"/>ranslation reser<span class=\"_ _0\"/>ve comprises all forei<span class=\"_ _1\"/>gn currenc<span class=\"_ _1\"/>y dif<span class=\"_ _1\"/>ferences arising fr<span class=\"_ _1\"/>om the translatio<span class=\"_ _1\"/>n of the financ<span class=\"_ _1\"/>ial statement<span class=\"_ _1\"/>s of foreign o<span class=\"_ _1\"/>perat<span class=\"_ _1\"/>ions. Th<span class=\"_ _1\"/>e translation re<span class=\"_ _1\"/>ser<span class=\"_ _1\"/>ve also includes th<span class=\"_ _1\"/>e translation of liabilit<span class=\"_ _1\"/>ies that hedg<span class=\"_ _1\"/>e the company<span class=\"_ _1\"/>\u2019s net investment in a fore<span class=\"_ _1\"/>ign subsidiar<span class=\"_ _1\"/>y (pr<span class=\"_ _1\"/>ior to the discontinuance of net investm<span class=\"_ _1\"/>ent hedging in D<span class=\"_ _1\"/>ecembe<span class=\"_ _1\"/>r 20<span class=\"_ _1\"/>20).2<span class=\"_ _0\"/>7.<span class=\"_ _0\"/>3<span class=\"_ _1\"/> <span class=\"_ _c\"> </span><span class=\"ff2 fs3 lsfa ws106\">Reser<span class=\"_ _1\"/>ve for own shares</span>Fugro has not purc<span class=\"_ _1\"/>hased own shares to cover it<span class=\"_ _1\"/>s long-term incentive p<span class=\"_ _1\"/>lan in 202<span class=\"_ _1\"/>2 (2<span class=\"_ _1\"/>021<span class=\"_ _1\"/>: nil). I<span class=\"_ _1\"/>n 20<span class=\"_ _1\"/>22<span class=\"_ _1\"/>, 9<span class=\"_ _1\"/>7<span class=\"_ _7\"/>,1<span class=\"_ _1\"/>99 shares we<span class=\"_ _1\"/>re used (2<span class=\"_ _1\"/>021<span class=\"_ _1\"/>: 94<span class=\"_ _1\"/>,1<span class=\"_ _1\"/>24 pre-share consolidation). As p<span class=\"_ _1\"/>er 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, Fugro hol<span class=\"_ _1\"/>ds 1,<span class=\"_ _1\"/>5<span class=\"_ _1\"/>86<span class=\"_ _1\"/>,<span class=\"_ _1\"/>5<span class=\"_ _1\"/>49 o<span class=\"_ _1\"/>wn shares (20<span class=\"_ _1\"/>21: 1<span class=\"_ _1\"/>,<span class=\"_ _1\"/>68<span class=\"_ _1\"/>3<span class=\"_ _1\"/>,74<span class=\"_ _1\"/>8) with respe<span class=\"_ _1\"/>ct to th<span class=\"_ _1\"/>e long-term incenti<span class=\"_ _1\"/>ve plan and subordinated unse<span class=\"_ _1\"/>cured conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds. T<span class=\"_ _1\"/>his was 1.<span class=\"_ _1\"/>4% of the issued cap<span class=\"_ _1\"/>ital (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: 1.<span class=\"_ _1\"/>6%).2<span class=\"_ _0\"/>7.<span class=\"_ _1\"/>4<span class=\"_ _1\"/> <span class=\"_ _c\"> </span><span class=\"ff2 fs3 ls12b ws13a\">Unappropriated resu<span class=\"_ _6\"/>lt</span>No div<span class=\"_ _1\"/>idend is prop<span class=\"_ _1\"/>osed to be p<span class=\"_ _1\"/>aid-out for 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. Refer to <span class=\"fc14\">note 3<span class=\"_ _1\"/>4</span> Financial r<span class=\"_ _1\"/>isk managemen<span class=\"_ _6\"/>t for dividend re<span class=\"_ _6\"/>strictions.28<span class=\"_ _1\"/>. <span class=\"_ _d\"> </span><span class=\"ff5 fs6 ls11f ws3b\">B<span class=\"_ _1\"/>AS<span class=\"_ _1\"/>I<span class=\"_ _1\"/>C AN<span class=\"_ _1\"/>D D<span class=\"_ _1\"/>I<span class=\"_ _1\"/>LU<span class=\"_ _1\"/>T<span class=\"_ _1\"/>E<span class=\"_ _1\"/>D E<span class=\"_ _1\"/>AR<span class=\"_ _1\"/>N<span class=\"_ _1\"/>IN<span class=\"_ _1\"/>G<span class=\"_ _1\"/>S PE<span class=\"_ _1\"/>R S<span class=\"_ _1\"/>H<span class=\"_ _1\"/>AR<span class=\"_ _1\"/>E</span>Basic EP<span class=\"_ _1\"/>S is calculated by div<span class=\"_ _1\"/>iding the prof<span class=\"_ _1\"/>it or loss for th<span class=\"_ _1\"/>e year att<span class=\"_ _1\"/>ributabl<span class=\"_ _1\"/>e to ordinar<span class=\"_ _1\"/>y equit<span class=\"_ _1\"/>y hol<span class=\"_ _1\"/>ders of the p<span class=\"_ _1\"/>arent by the we<span class=\"_ _1\"/>ighted avera<span class=\"_ _1\"/>ge number of ordinar<span class=\"_ _1\"/>y shares outs<span class=\"_ _1\"/>tanding during t<span class=\"_ _1\"/>he year<span class=\"_ _6\"/>. Diluted E<span class=\"_ _1\"/>PS is calculate<span class=\"_ _1\"/>d by dividing th<span class=\"_ _1\"/>e profit or loss att<span class=\"_ _1\"/>ributabl<span class=\"_ _1\"/>e to ordinar<span class=\"_ _1\"/>y equit<span class=\"_ _1\"/>y hold<span class=\"_ _1\"/>ers of the p<span class=\"_ _1\"/>arent adjusted for t<span class=\"_ _1\"/>he eff<span class=\"_ _1\"/>ect of diluti<span class=\"_ _1\"/>ve potential o<span class=\"_ _1\"/>rdinar<span class=\"_ _1\"/>y shares by the wei<span class=\"_ _1\"/>ghted averag<span class=\"_ _1\"/>e number of ordinar<span class=\"_ _1\"/>y shares outs<span class=\"_ _1\"/>tanding during t<span class=\"_ _1\"/>he year plus the we<span class=\"_ _1\"/>ighted avera<span class=\"_ _1\"/>ge number of ordinar<span class=\"_ _1\"/>y shares t<span class=\"_ _1\"/>hat would b<span class=\"_ _1\"/>e iss<span class=\"_ _6\"/>ued o<span class=\"_ _1\"/>n conversion of all the diluti<span class=\"_ _1\"/>ve potential ordinar<span class=\"_ _1\"/>y shares into ordinar<span class=\"_ _1\"/>y shares. Fu<span class=\"_ _1\"/>gro considers th<span class=\"_ _1\"/>e following fo<span class=\"_ _1\"/>ur categor<span class=\"_ _1\"/>ies of potential o<span class=\"_ _1\"/>rdinar<span class=\"_ _1\"/>y shares: conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds, share opti<span class=\"_ _1\"/>ons, restr<span class=\"_ _1\"/>icte<span class=\"_ _1\"/>d share units and p<span class=\"_ _1\"/>er<span class=\"_ _1\"/>formance shares<span class=\"_ _1\"/>.The c<span class=\"_ _1\"/>alculation of basic and diluted E<span class=\"_ _1\"/>PS has be<span class=\"_ _1\"/>en based on t<span class=\"_ _1\"/>he follow<span class=\"_ _1\"/>ing profit (<span class=\"_ _1\"/>loss<span class=\"_ _6\"/>) att<span class=\"_ _1\"/>ributabl<span class=\"_ _1\"/>e to ordinar<span class=\"_ _1\"/>y sharehold<span class=\"_ _1\"/>ers and we<span class=\"_ _1\"/>ighted avera<span class=\"_ _1\"/>ge number of ordinar<span class=\"_ _1\"/>y shares outs<span class=\"_ _1\"/>tanding. F<span class=\"_ _1\"/>or diluted E<span class=\"_ _1\"/>PS<span class=\"_ _1\"/>, adjustments f<span class=\"_ _1\"/>or the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of dilutive p<span class=\"_ _1\"/>otential ordinar<span class=\"_ _1\"/>y shares are made<span class=\"_ _1\"/>.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _4c\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2<span class=\"_ _1\"/>022<span class=\"_ _a5\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>Disco<span class=\"_ _1\"/>n<span class=\"ls2 ws2\">-</span>Disco<span class=\"_ _1\"/>n<span class=\"ls2 ws2\">-</span>Continuing tinued Continuing tinued operationsoperations<span class=\"_ _c0\"> </span><span class=\"ls1b5 ws1b9\">T<span class=\"_ _6\"/>otal</span>operationsoperations<span class=\"_ _c0\"> </span><span class=\"ls1b5 ws1b9\">T<span class=\"_ _6\"/>otal</span>Net in<span class=\"_ _1\"/>come (l<span class=\"_ _1\"/>oss<span class=\"_ _7\"/>) at<span class=\"_ _1\"/>tribut<span class=\"_ _1\"/>able to  equit<span class=\"_ _1\"/>y ho<span class=\"_ _1\"/>lder<span class=\"_ _1\"/>s of  the pa<span class=\"_ _1\"/>rent (Eur<span class=\"_ _1\"/>o<span class=\"_ _7\"/>)<span class=\"_ _24a\"> </span>74,<span class=\"_ _7\"/>127-74,<span class=\"_ _7\"/>127<span class=\"_ _47\"> </span><span class=\"ff8 fc14\"> 59,636<span class=\"_ _111\"> </span> 11,<span class=\"_ _6\"/>487<span class=\"_ _111\"> </span> 7<span class=\"_ _1\"/>1,<span class=\"_ _6\"/>123</span>Reco<span class=\"_ _1\"/>nciling items numer<span class=\"_ _1\"/>ator basic E<span class=\"_ _1\"/>PS-<span class=\"_ _47\"> </span>-<span class=\"_ _47\"> </span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-<span class=\"_ _47\"> </span>-<span class=\"_ _47\"> </span>-</span>Prof<span class=\"_ _1\"/>it (<span class=\"_ _1\"/>los<span class=\"_ _1\"/>s<span class=\"_ _7\"/>)  at<span class=\"_ _1\"/>tri<span class=\"_ _1\"/>buta<span class=\"_ _1\"/>ble to or<span class=\"_ _1\"/>dina<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y shareholders (bas<span class=\"_ _6\"/>ic)<span class=\"_ _89\"> </span><span class=\"ls2 ws2\">74,<span class=\"_ _7\"/>12<span class=\"_ _1\"/>7</span>-74,<span class=\"_ _7\"/>127<span class=\"_ _17a\"> </span><span class=\"fc14\"> 59,636<span class=\"_ _120\"> </span> 11,487<span class=\"_ _111\"> </span> 71,123</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of diluti<span class=\"_ _1\"/>ve potential o<span class=\"_ _1\"/>rdinar<span class=\"_ _1\"/>y shares-<span class=\"_ _47\"> </span>-<span class=\"_ _47\"> </span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-<span class=\"_ _47\"> </span>-<span class=\"_ _47\"> </span>-</span>Prof<span class=\"_ _1\"/>it (<span class=\"_ _1\"/>los<span class=\"_ _1\"/>s<span class=\"_ _7\"/>)  at<span class=\"_ _1\"/>tri<span class=\"_ _1\"/>buta<span class=\"_ _1\"/>ble to or<span class=\"_ _1\"/>dina<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y shareholders (<span class=\"_ _7\"/>diluted)<span class=\"_ _c0\"> </span><span class=\"ls2 ws2\">7<span class=\"_ _6\"/>4,<span class=\"_ _6\"/>127</span>-74,<span class=\"_ _7\"/>127<span class=\"_ _17a\"> </span><span class=\"fc14\"> 59,636<span class=\"_ _120\"> </span> 11,487<span class=\"_ _111\"> </span> 71,123</span>Number of shares<span class=\"_ _24b\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Ou<span class=\"_ _1\"/>tst<span class=\"_ _1\"/>andi<span class=\"_ _1\"/>ng num<span class=\"_ _1\"/>ber o<span class=\"_ _1\"/>f ordi<span class=\"_ _1\"/>nar<span class=\"_ _1\"/>y sha<span class=\"_ _1\"/>res at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y<span class=\"_ _116\"> </span><span class=\"ff4 fs6 ls2\">101,506,618<span class=\"_ _12e\"> </span><span class=\"ff8 fc14\">101,412,<span class=\"_ _7\"/>49<span class=\"_ _1\"/>4</span></span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of deliver<span class=\"_ _0\"/>y of treasur<span class=\"_ _1\"/>y shares fo<span class=\"_ _1\"/>r share-base<span class=\"_ _1\"/>d payment pl<span class=\"_ _1\"/>ans<span class=\"_ _65\"> </span>65,330<span class=\"_ _24\"> </span><span class=\"ff8 fc14\">7<span class=\"_ _1\"/>9,<span class=\"_ _7\"/>1<span class=\"_ _1\"/>67</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of shares issued dur<span class=\"_ _1\"/>ing the year<span class=\"_ _24c\"> </span>4,438,599-Wei<span class=\"_ _1\"/>ghted ave<span class=\"_ _1\"/>rag<span class=\"_ _1\"/>e numb<span class=\"_ _1\"/>er of or<span class=\"_ _1\"/>dinar<span class=\"_ _0\"/>y share<span class=\"_ _1\"/>s at 31 D<span class=\"_ _1\"/>ecem<span class=\"_ _1\"/>ber (basic)<span class=\"_ _1ec\"> </span><span class=\"ls2 ws2\">106,010,5<span class=\"_ _1\"/>47<span class=\"_ _33\"> </span><span class=\"fc14\">101,491,66<span class=\"_ _6\"/>1</span></span>Effec<span class=\"_ _1\"/>ts of c<span class=\"_ _6\"/>onversion o<span class=\"_ _6\"/>f con<span class=\"_ _7\"/>ver<span class=\"_ _1\"/>tible bonds-<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">-</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of share o<span class=\"_ _1\"/>ptions on issue-<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">-</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of rest<span class=\"_ _1\"/>ric<span class=\"_ _1\"/>ted shares o<span class=\"_ _1\"/>n issue<span class=\"_ _24d\"> </span>221,566<span class=\"_ _6f\"> </span><span class=\"ff8 fc14\">88,640</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of p<span class=\"_ _1\"/>erf<span class=\"_ _1\"/>ormance shares o<span class=\"_ _1\"/>n issue<span class=\"_ _243\"> </span>374,838<span class=\"_ _37\"> </span><span class=\"ff8 fc14\">197<span class=\"_ _7\"/>,692</span>Wei<span class=\"_ _1\"/>ghted ave<span class=\"_ _1\"/>rag<span class=\"_ _1\"/>e numb<span class=\"_ _1\"/>er of or<span class=\"_ _1\"/>dinar<span class=\"_ _0\"/>y share<span class=\"_ _1\"/>s at 31 D<span class=\"_ _1\"/>ecem<span class=\"_ _1\"/>ber (<span class=\"_ _6\"/>diluted)<span class=\"_ _1c2\"> </span><span class=\"ls2 ws2\">10<span class=\"_ _1\"/>6,606,951<span class=\"_ _cc\"> </span><span class=\"fc14\">101,7<span class=\"_ _1\"/>7<span class=\"_ _1\"/>7<span class=\"_ _7\"/>,993</span></span>The conver<span class=\"_ _1\"/>tib<span class=\"_ _1\"/>le bonds<span class=\"_ _1\"/>, the share optio<span class=\"_ _1\"/>ns, restr<span class=\"_ _1\"/>icte<span class=\"_ _1\"/>d shares and per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>mance share on issue, could have an impac<span class=\"_ _1\"/>t on the we<span class=\"_ _1\"/>ighted avera<span class=\"_ _1\"/>ge number of (diluted) o<span class=\"_ _1\"/>rdinar<span class=\"_ _1\"/>y shares. For convertible bonds and<span class=\"_ _6\"/> share<span class=\"_ _6\"/> options, the c<span class=\"_ _7\"/>onversion to ordi<span class=\"_ _6\"/>nary shares wou<span class=\"_ _6\"/>ld not decr<span class=\"_ _1\"/>ease earnings pe<span class=\"_ _1\"/>r share or increase loss pe<span class=\"_ _1\"/>r share and as such they have not b<span class=\"_ _1\"/>een treate<span class=\"_ _1\"/>d as dilutive.T<span class=\"_ _6\"/>o calculate the E<span class=\"_ _1\"/>PS for discontinue<span class=\"_ _1\"/>d oper<span class=\"_ _1\"/>ations<span class=\"_ _1\"/>, the weighte<span class=\"_ _1\"/>d average of o<span class=\"_ _1\"/>rdinar<span class=\"_ _1\"/>y shares for b<span class=\"_ _1\"/>oth basic and diluted E<span class=\"_ _1\"/>PS is per th<span class=\"_ _1\"/>e tables ab<span class=\"_ _1\"/>ove.2<span class=\"_ _1\"/>9. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws1f9\">NON<span class=\"_ _16\"> </span><span class=\"ws47\">CONTR<span class=\"_ _6\"/>OLLING INTEREST</span></span>The tot<span class=\"_ _1\"/>al non-controlling interes<span class=\"_ _1\"/>t as at 31 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 is EUR 11<span class=\"_ _1\"/>,<span class=\"_ _1\"/>269 tho<span class=\"_ _1\"/>usand (s<span class=\"_ _7\"/>ur<span class=\"_ _1\"/>plus<span class=\"_ _7\"/>), of which EU<span class=\"_ _1\"/>R 1<span class=\"_ _1\"/>0,<span class=\"_ _1\"/>45<span class=\"_ _1\"/>5 tho<span class=\"_ _1\"/>usand (<span class=\"_ _6\"/>surplus<span class=\"_ _7\"/>) is at<span class=\"_ _1\"/>tribut<span class=\"_ _1\"/>able to Fugro<span class=\"_ _1\"/>-<span class=\"_ _6\"/>Suhaimi Ltd. The n<span class=\"_ _1\"/>on-controlling interest of oth<span class=\"_ _1\"/>er subsidiaries is insignificant. D<span class=\"_ _1\"/>uring the cour<span class=\"_ _1\"/>se of the year EU<span class=\"_ _1\"/>R 4,<span class=\"_ _1\"/>6<span class=\"_ _1\"/>35 t<span class=\"_ _1\"/>housand (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 2<span class=\"_ _1\"/>,<span class=\"_ _1\"/>89<span class=\"_ _1\"/>8 thousand<span class=\"_ _1\"/>) was paid as div<span class=\"_ _1\"/>idends to non-contro<span class=\"_ _1\"/>lling interest shareholde<span class=\"_ _1\"/>rs, also mainl<span class=\"_ _1\"/>y related to Fugro<span class=\"_ _1\"/>-Suhai<span class=\"_ _6\"/>mi Ltd (Suhaimi).Summarised f<span class=\"_ _1\"/>inancial information on subsidiaries with mater<span class=\"_ _1\"/>ial non-controlling inter<span class=\"_ _1\"/>estsSet out b<span class=\"_ _1\"/>elow is the summarise<span class=\"_ _1\"/>d financial infor<span class=\"_ _1\"/>mation of Fugro<span class=\"_ _1\"/>-<span class=\"_ _6\"/>Suhaimi Ltd (Suhaimi) that has a material no<span class=\"_ _1\"/>n-controlling interest to the G<span class=\"_ _1\"/>roup. Fugro<span class=\"_ _1\"/>-Suhai<span class=\"_ _6\"/>mi Ltd. p<span class=\"_ _1\"/>rovides a rang<span class=\"_ _1\"/>e of engineer<span class=\"_ _1\"/>ing, test<span class=\"_ _1\"/>ing and consultanc<span class=\"_ _1\"/>y ser<span class=\"_ _1\"/>vices to the oil an<span class=\"_ _1\"/>d gas, ener<span class=\"_ _1\"/>gy, mining and constru<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>n industries<span class=\"_ _1\"/>. The no<span class=\"_ _1\"/>n-controlling interest in Fugro<span class=\"_ _1\"/>-<span class=\"_ _6\"/>Suhaimi is 5<span class=\"_ _1\"/>0%<span class=\"_ _1\"/>, which also represe<span class=\"_ _1\"/>nts 5<span class=\"_ _1\"/>0% of the compan<span class=\"_ _1\"/>ies\u2019 voting right<span class=\"_ _1\"/>s in the gen<span class=\"_ _1\"/>eral me<span class=\"_ _1\"/>eting of shareholders.Fugro contro<span class=\"_ _1\"/>ls the oper<span class=\"_ _1\"/>ations and manag<span class=\"_ _1\"/>ement of Suhaimi as it direc<span class=\"_ _1\"/>ts th<span class=\"_ _1\"/>e relevant revenue g<span class=\"_ _1\"/>ener<span class=\"_ _1\"/>ating act<span class=\"_ _1\"/>ivities of this company. Fugro also dete<span class=\"_ _1\"/>rmines the st<span class=\"_ _1\"/>rateg<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, polic<span class=\"_ _1\"/>ies and day-to-day business of Suhaimi. The<span class=\"_ _1\"/>refore<span class=\"_ _1\"/>, this subs<span class=\"_ _6\"/>idiar<span class=\"_ _1\"/>y, with a signific<span class=\"_ _1\"/>ant non-contro<span class=\"_ _1\"/>lling interest, is full<span class=\"_ _1\"/>y consolidated into the Gr<span class=\"_ _1\"/>oup\u2019s financial statem<span class=\"_ _1\"/>ents. The share<span class=\"_ _1\"/>holder<span class=\"_ _1\"/>s of Suhaimi have cert<span class=\"_ _1\"/>ain customar<span class=\"_ _1\"/>y right<span class=\"_ _1\"/>s on cer<span class=\"_ _1\"/>tain key decisions<span class=\"_ _1\"/>, such as decisions on t<span class=\"_ _1\"/>he declar<span class=\"_ _1\"/>ation and pay<span class=\"_ _1\"/>ment of divide<span class=\"_ _1\"/>nd and any signific<span class=\"_ _1\"/>ant change to the scop<span class=\"_ _1\"/>e of the business. T<span class=\"_ _1\"/>hese right<span class=\"_ _1\"/>s are considered as prote<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ve in nature and normall<span class=\"_ _1\"/>y go beyon<span class=\"_ _1\"/>d the nor<span class=\"_ _1\"/>mal scope of business. Suc<span class=\"_ _1\"/>h decisions do not af<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t Fugro\u2019s abilit<span class=\"_ _1\"/>y to control the a<span class=\"_ _1\"/>ctiv<span class=\"_ _1\"/>ities of Suhaimi.Sum<span class=\"_ _1\"/>maris<span class=\"_ _1\"/>ed bala<span class=\"_ _1\"/>nce she<span class=\"_ _1\"/>et(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _235\"> </span><span class=\"ff2 fs36 ls1b5 ws1b9\">Fugro-Suhaimi<span class=\"_ _7\"/> L<span class=\"_ _1\"/>td.</span>As a<span class=\"_ _1\"/>t 31 D<span class=\"_ _1\"/>ece<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span>CurrentA<span class=\"_ _1\"/>ssets<span class=\"_ _76\"> </span><span class=\"ls2 ws2\">5<span class=\"_ _1\"/>3,684<span class=\"_ _65\"> </span><span class=\"ff8 fc14\">34,786</span></span>Lia<span class=\"_ _1\"/>bilities<span class=\"_ _24e\"> </span><span class=\"ls2 ws2\">(39,983)<span class=\"_ _9f\"> </span><span class=\"ff8 fc14\">(23,690)</span></span>Total cur<span class=\"_ _1\"/>rent n<span class=\"_ _1\"/>et asse<span class=\"_ _1\"/>ts<span class=\"_ _24f\"> </span>13,701<span class=\"_ _22\"> </span><span class=\"fc14\">11,096</span>Non-cur<span class=\"_ _1\"/>rentA<span class=\"_ _1\"/>ssets<span class=\"_ _1bc\"> </span><span class=\"ls2 ws2\">13,412<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">12,827</span></span>Lia<span class=\"_ _1\"/>bilities<span class=\"_ _207\"> </span><span class=\"ls2 ws2\">(6,203)<span class=\"_ _a1\"> </span><span class=\"ff8 fc14\">(5,165)</span></span>Total non<span class=\"_ _1\"/>-cur<span class=\"_ _1\"/>rent n<span class=\"_ _1\"/>et ass<span class=\"_ _1\"/>ets<span class=\"_ _250\"> </span><span class=\"ls43 ws4b\">7<span class=\"_ _7\"/>,209<span class=\"_ _73\"> </span><span class=\"fc14 ls2 ws2\">7<span class=\"_ _7\"/>,6<span class=\"_ _1\"/>62</span></span>Net assets<span class=\"_ _251\"> </span><span class=\"ls2 ws2\">20,910<span class=\"_ _6e\"> </span><span class=\"ff8 fc14\">18,758</span></span>NCI percentage<span class=\"_ _252\"> </span><span class=\"ls167 wsc4\">50<span class=\"_ _1\"/>%<span class=\"_ _60\"> </span><span class=\"ff8 fc14\">50<span class=\"_ _1\"/>%</span></span>Car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt of NCI<span class=\"_ _24f\"> </span>10,455<span class=\"_ _73\"> </span><span class=\"ff8 fc14\">9,379</span>Summa<span class=\"_ _1\"/>rised income s<span class=\"_ _1\"/>tatement(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _235\"> </span><span class=\"ff2 fs36\">Fug<span class=\"_ _1\"/>ro-Su<span class=\"_ _1\"/>haim<span class=\"_ _1\"/>i Ltd<span class=\"_ _1\"/>. </span>Fo<span class=\"_ _1\"/>r per<span class=\"_ _1\"/>io<span class=\"_ _1\"/>d end<span class=\"_ _1\"/>ed 31 December2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span>Revenue<span class=\"_ _253\"> </span><span class=\"ls2 ws2\">49,923<span class=\"_ _6e\"> </span><span class=\"ff8 fc14\">39,136</span></span>Prof<span class=\"_ _1\"/>it<span class=\"_ _1\"/>/(<span class=\"_ _1\"/>loss<span class=\"_ _6\"/>) befo<span class=\"_ _1\"/>re income t<span class=\"_ _1\"/>ax<span class=\"_ _254\"> </span>10,211<span class=\"_ _70\"> </span><span class=\"ff8 fc14\">5,5<span class=\"_ _1\"/>57</span>Income tax (<span class=\"_ _7\"/>expense<span class=\"_ _6\"/>)/income-<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">-</span>Post-tax prof<span class=\"_ _1\"/>it<span class=\"_ _1\"/>/(<span class=\"_ _1\"/>loss<span class=\"_ _6\"/>) fro<span class=\"_ _1\"/>m continuing ope<span class=\"_ _1\"/>ratio<span class=\"_ _1\"/>ns<span class=\"_ _80\"> </span>10,211<span class=\"_ _70\"> </span><span class=\"ff8 fc14\">5,55<span class=\"_ _1\"/>7</span>Other comprehens<span class=\"_ _6\"/>ive inc<span class=\"_ _7\"/>ome-<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">-</span>T<span class=\"_ _7\"/>otal comprehens<span class=\"_ _6\"/>ive inc<span class=\"_ _6\"/>ome/(loss<span class=\"_ _6\"/>)<span class=\"_ _255\"> </span><span class=\"ls2 ws2\">10,211<span class=\"_ _70\"> </span><span class=\"ff8 fc14\">5,5<span class=\"_ _1\"/>57</span></span>T<span class=\"_ _7\"/>otal comprehens<span class=\"_ _6\"/>ive inc<span class=\"_ _6\"/>ome/(loss<span class=\"_ _6\"/>) allocat<span class=\"_ _6\"/>ed to non-c<span class=\"_ _6\"/>ontroll<span class=\"_ _6\"/>ing intere<span class=\"_ _1\"/>sts<span class=\"_ _1e8\"> </span><span class=\"ls2 ws2\">5,<span class=\"_ _7\"/>10<span class=\"_ _1\"/>6<span class=\"_ _70\"> </span><span class=\"ff8 fc14\">2,77<span class=\"_ _1\"/>9</span></span>Dividends paid t<span class=\"_ _6\"/>o non-c<span class=\"_ _6\"/>ontrolli<span class=\"_ _6\"/>ng in<span class=\"_ _6\"/>terests<span class=\"_ _121\"> </span><span class=\"ls1e1 ws1e7\">4<span class=\"_ _1\"/>,40<span class=\"_ _1\"/>0<span class=\"_ _5d\"> </span><span class=\"ff8 fc14 ls2 ws2\">2,8<span class=\"_ _6\"/>98</span></span>Sum<span class=\"_ _1\"/>maris<span class=\"_ _1\"/>ed cash f<span class=\"_ _1\"/>lows(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _235\"> </span><span class=\"ff2 fs36 ls1b5 ws1b9\">Fugro-Suhaimi<span class=\"_ _7\"/> L<span class=\"_ _1\"/>td.</span>Fo<span class=\"_ _1\"/>r per<span class=\"_ _1\"/>io<span class=\"_ _1\"/>d end<span class=\"_ _1\"/>ed 31 D<span class=\"_ _1\"/>ece<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r 2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span>Net c<span class=\"_ _1\"/>ash gener<span class=\"_ _1\"/>ated fr<span class=\"_ _1\"/>om ope<span class=\"_ _1\"/>rating ac<span class=\"_ _1\"/>tiv<span class=\"_ _1\"/>ities<span class=\"_ _256\"> </span>11,382<span class=\"_ _8d\"> </span><span class=\"ff8 fc14\">7<span class=\"_ _7\"/>,317</span>Net c<span class=\"_ _1\"/>ash used in investing a<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>vities<span class=\"_ _257\"> </span>(1,<span class=\"_ _6\"/>114)<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">(1,<span class=\"_ _6\"/>421)</span>Net c<span class=\"_ _1\"/>ash used in finan<span class=\"_ _1\"/>cing ac<span class=\"_ _1\"/>tivit<span class=\"_ _1\"/>ies<span class=\"_ _258\"> </span>(5,050)<span class=\"_ _b4\"> </span><span class=\"ff8 fc14\">(5,796)</span>Net in<span class=\"_ _1\"/>crease in cash and c<span class=\"_ _1\"/>ash equival<span class=\"_ _1\"/>ents and b<span class=\"_ _1\"/>ank overdr<span class=\"_ _1\"/>aft<span class=\"_ _1\"/>s<span class=\"_ _24a\"> </span>5,218<span class=\"_ _7a\"> </span><span class=\"ff8 fc14\">100</span>Cash<span class=\"_ _1\"/>, cash equiv<span class=\"_ _1\"/>alents an<span class=\"_ _1\"/>d bank overdr<span class=\"_ _1\"/>af<span class=\"_ _1\"/>ts at be<span class=\"_ _1\"/>ginning of year<span class=\"_ _a3\"> </span>3,896<span class=\"_ _7c\"> </span><span class=\"ff8 fc14\">3,476</span>E<span class=\"_ _1\"/>xchange gains<span class=\"_ _1\"/>/(l<span class=\"_ _1\"/>osses<span class=\"_ _6\"/>) on cash and cash e<span class=\"_ _1\"/>quival<span class=\"_ _1\"/>ents<span class=\"_ _11e\"> </span>162<span class=\"_ _231\"> </span><span class=\"ff8 fc14\">320</span>Cash and c<span class=\"_ _1\"/>ash equival<span class=\"_ _1\"/>ents and b<span class=\"_ _1\"/>ank overdr<span class=\"_ _1\"/>aft<span class=\"_ _1\"/>s at end of yea<span class=\"_ _1\"/>r<span class=\"_ _23\"> </span><span class=\"ls43 ws4b\">9,276<span class=\"_ _1c9\"> </span></span><span class=\"ff8 fc14\">3,896</span>The am<span class=\"_ _1\"/>ounts above ar<span class=\"_ _1\"/>e before intercompany e<span class=\"_ _1\"/>liminations.3<span class=\"_ _1\"/>0. <span class=\"_ _d\"> </span><span class=\"ff5 fs6 lsf7 ws3d\">F<span class=\"_ _1\"/>INANCIAL LIABILITIES</span>The G<span class=\"_ _1\"/>roup\u2019s financial liabilities consist of loans and b<span class=\"_ _1\"/>orrow<span class=\"_ _1\"/>ings, lease liabiliti<span class=\"_ _1\"/>es, bank overdraf<span class=\"_ _1\"/>t<span class=\"_ _1\"/>s, tr<span class=\"_ _1\"/>ade and oth<span class=\"_ _1\"/>er payables<span class=\"_ _1\"/>, other t<span class=\"_ _1\"/>axes and so<span class=\"_ _1\"/>cial securit<span class=\"_ _1\"/>y contr<span class=\"_ _1\"/>ibutions. All f<span class=\"_ _1\"/>inancial liabilities are re<span class=\"_ _1\"/>cognised initially at f<span class=\"_ _1\"/>air value and<span class=\"_ _1\"/>, in the case of loans and bor<span class=\"_ _1\"/>rowings and pay<span class=\"_ _1\"/>ables, n<span class=\"_ _1\"/>et of direc<span class=\"_ _1\"/>tly att<span class=\"_ _1\"/>ributabl<span class=\"_ _1\"/>e transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s. Af<span class=\"_ _1\"/>ter initial recogni<span class=\"_ _1\"/>tion, interes<span class=\"_ _1\"/>t<span class=\"_ _7\"/>-b<span class=\"_ _1\"/>earing loans and b<span class=\"_ _1\"/>orro<span class=\"_ _1\"/>wings are subsequentl<span class=\"_ _1\"/>y measured at amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost us<span class=\"_ _6\"/>ing the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest r<span class=\"_ _1\"/>ate metho<span class=\"_ _1\"/>d. Gains and losses are r<span class=\"_ _1\"/>ecognisedin profit o<span class=\"_ _1\"/>r loss when th<span class=\"_ _1\"/>e liabilities are dere<span class=\"_ _1\"/>cognised. T<span class=\"_ _1\"/>he ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest r<span class=\"_ _1\"/>ate amor<span class=\"_ _1\"/>tisatio<span class=\"_ _1\"/>n is included as f<span class=\"_ _1\"/>inance c<span class=\"_ _6\"/>osts in t<span class=\"_ _1\"/>he stateme<span class=\"_ _1\"/>nt of c<span class=\"_ _6\"/>ompreh<span class=\"_ _1\"/>ensive income. Amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ised cost is calculated by t<span class=\"_ _1\"/>aking into account any di<span class=\"_ _6\"/>scount or premium on acquisition and fe<span class=\"_ _1\"/>es or costs that are an inte<span class=\"_ _1\"/>gral par<span class=\"_ _1\"/>t of the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interes<span class=\"_ _1\"/>t rate. The f<span class=\"_ _1\"/>air value of the liab<span class=\"_ _1\"/>ility p<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tion of a conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>ond is initially de<span class=\"_ _1\"/>termined using amarket interest r<span class=\"_ _1\"/>ate for an equiv<span class=\"_ _1\"/>alent non-conver<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ible bond at t<span class=\"_ _1\"/>he issue date. This amount is re<span class=\"_ _1\"/>corded as a liabilit<span class=\"_ _1\"/>y on an amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost basi<span class=\"_ _6\"/>s until ex<span class=\"_ _1\"/>tinguished on conv<span class=\"_ _6\"/>ersion, redemption, or matu<span class=\"_ _6\"/>rity of the bonds. The remainder o<span class=\"_ _7\"/>f the proceeds is allocated t<span class=\"_ _6\"/>o the con<span class=\"_ _6\"/>version option. Thi<span class=\"_ _7\"/>s is recogni<span class=\"_ _6\"/>sed and incl<span class=\"_ _6\"/>uded in s<span class=\"_ _6\"/>hareholders\u2019 equit<span class=\"_ _1\"/>y (in a sep<span class=\"_ _1\"/>arate categ<span class=\"_ _1\"/>or<span class=\"_ _1\"/>y \u2018equit<span class=\"_ _1\"/>y component of conver<span class=\"_ _1\"/>tibl<span class=\"_ _1\"/>e bonds\u2019<span class=\"_ _1\"/>), net of income tax ef<span class=\"_ _1\"/>fe<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s and is not subsequently r<span class=\"_ _1\"/>emeasured. T<span class=\"_ _1\"/>his remaining equit<span class=\"_ _1\"/>y compon<span class=\"_ _1\"/>ent is transferred to r<span class=\"_ _6\"/>etained earnin<span class=\"_ _6\"/>gs upon repu<span class=\"_ _6\"/>rchas<span class=\"_ _6\"/>e or repaymen<span class=\"_ _6\"/>t of c<span class=\"_ _7\"/>onver<span class=\"_ _1\"/>tible bonds.The G<span class=\"_ _1\"/>roup has not designated any f<span class=\"_ _1\"/>inancial liabilit<span class=\"_ _1\"/>y as at fair value t<span class=\"_ _1\"/>hrough prof<span class=\"_ _1\"/>it or loss<span class=\"_ _1\"/>.The G<span class=\"_ _1\"/>roup dere<span class=\"_ _1\"/>cognises a financial liabilit<span class=\"_ _1\"/>y wh<span class=\"_ _1\"/>en its contr<span class=\"_ _1\"/>actua<span class=\"_ _1\"/>l obligations are discharged<span class=\"_ _1\"/>, cancelle<span class=\"_ _1\"/>d or expire<span class=\"_ _1\"/>d. Wh<span class=\"_ _1\"/>en an existing f<span class=\"_ _1\"/>inancial liabilit<span class=\"_ _1\"/>y is replaced by anothe<span class=\"_ _1\"/>r from the s<span class=\"_ _1\"/>ame lende<span class=\"_ _1\"/>r on substantially dif<span class=\"_ _1\"/>ferent terms<span class=\"_ _1\"/>, or the ter<span class=\"_ _1\"/>ms of an existing liabilit<span class=\"_ _1\"/>y are substant<span class=\"_ _1\"/>ially modif<span class=\"_ _1\"/>ied, such an exc<span class=\"_ _1\"/>hange or mo<span class=\"_ _1\"/>dificatio<span class=\"_ _1\"/>n is treated as the der<span class=\"_ _1\"/>ecognitio<span class=\"_ _1\"/>n of the original liabilit<span class=\"_ _1\"/>y and t<span class=\"_ _1\"/>he recognit<span class=\"_ _1\"/>ion of a new liabilit<span class=\"_ _1\"/>y. The dif<span class=\"_ _1\"/>feren<span class=\"_ _1\"/>ce in the respec<span class=\"_ _1\"/>tive c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unts is recognise<span class=\"_ _1\"/>d in the stateme<span class=\"_ _1\"/>nt of prof<span class=\"_ _1\"/>it or loss<span class=\"_ _1\"/>.Financial assets an<span class=\"_ _1\"/>d liabilities are of<span class=\"_ _1\"/>fset and t<span class=\"_ _1\"/>he net amount pres<span class=\"_ _1\"/>ented in the st<span class=\"_ _1\"/>atement of financial p<span class=\"_ _1\"/>osition whe<span class=\"_ _1\"/>n, and onl<span class=\"_ _1\"/>y when, t<span class=\"_ _1\"/>he Group has a curr<span class=\"_ _1\"/>ently enforceabl<span class=\"_ _1\"/>e legal right to of<span class=\"_ _1\"/>fset th<span class=\"_ _1\"/>e recognised am<span class=\"_ _1\"/>ounts and intends eit<span class=\"_ _1\"/>her to set<span class=\"_ _1\"/>tle on a ne<span class=\"_ _1\"/>t basis or to realise the asset and s<span class=\"_ _1\"/>ettl<span class=\"_ _1\"/>e the liabilit<span class=\"_ _1\"/>y simultaneo<span class=\"_ _1\"/>usly<span class=\"_ _7\"/>.3<span class=\"_ _1\"/>0.1 <span class=\"_ _d\"> </span><span class=\"ff2 fs3 ls15c ws16a\">L<span class=\"_ _1\"/>oans<span class=\"_ _7\"/> and borrowings</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Supe<span class=\"_ _1\"/>r senior re<span class=\"_ _1\"/>volving c<span class=\"_ _1\"/>redit f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y of EU<span class=\"_ _1\"/>R 25<span class=\"_ _1\"/>0 millio<span class=\"_ _1\"/>n-12,521Senior term loan<span class=\"_ _6\"/> of EUR 20<span class=\"_ _1\"/>0 mil<span class=\"_ _6\"/>lion<span class=\"_ _1f5\"> </span><span class=\"ls43 ws4b\">20<span class=\"_ _1\"/>0,234</span>-Super senior<span class=\"_ _6\"/> term loan o<span class=\"_ _6\"/>f EUR 20<span class=\"_ _1\"/>0 mill<span class=\"_ _6\"/>ion-186,217Nine hun<span class=\"_ _1\"/>dred and te<span class=\"_ _1\"/>n subordinated uns<span class=\"_ _1\"/>ecured conv<span class=\"_ _1\"/>er<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds of EU<span class=\"_ _1\"/>R 10<span class=\"_ _1\"/>0<span class=\"_ _1\"/>,<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 (issued in 2<span class=\"_ _1\"/>01<span class=\"_ _1\"/>7<span class=\"_ _1\"/>)<span class=\"_ _259\"> </span>40,348<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">92,123</span>Other loans and<span class=\"_ _6\"/> long-<span class=\"_ _6\"/>term borrowings<span class=\"_ _25a\"> </span><span class=\"ls2 ws2\">4,886<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">1,5<span class=\"_ _1\"/>58</span></span>Subto<span class=\"_ _1\"/>tal<span class=\"_ _1bf\"> </span><span class=\"ls2 ws2\">245,468<span class=\"_ _17b\"> </span><span class=\"fc14\">292,419</span></span>Less: cur<span class=\"_ _1\"/>rent po<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tion of loa<span class=\"_ _1\"/>ns and bor<span class=\"_ _1\"/>rowings<span class=\"_ _1d\"> </span>(3,801)<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">(93,241)</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _25b\"> </span>241,667<span class=\"_ _c0\"> </span><span class=\"fc14\">199,178</span>T<span class=\"_ _7\"/>er<span class=\"_ _1\"/>ms a<span class=\"_ _6\"/>nd debt rep<span class=\"_ _6\"/>ayment s<span class=\"_ _6\"/>cheduleT<span class=\"_ _7\"/>er<span class=\"_ _1\"/>ms<span class=\"_ _6\"/> and c<span class=\"_ _6\"/>onditions<span class=\"_ _6\"/> of outstandi<span class=\"_ _6\"/>ng loans<span class=\"_ _6\"/> were as<span class=\"_ _6\"/> follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _25c\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _9a\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>Year of  Ca<span class=\"_ _1\"/>rr<span class=\"_ _1\"/>yi<span class=\"_ _1\"/>ng Ca<span class=\"_ _1\"/>rr<span class=\"_ _1\"/>yi<span class=\"_ _1\"/>ng Curr<span class=\"_ _1\"/>ency<span class=\"_ _f0\"> </span><span class=\"ls1b5 ws1b9\">N<span class=\"_ _1\"/>ominal<span class=\"_ _6\"/> interest rate</span>maturit<span class=\"_ _1\"/>y<span class=\"_ _9\"> </span><span class=\"ls1b5 ws1b9\">Face value</span>value<span class=\"_ _9\"> </span>Face valuevalueSeni<span class=\"_ _1\"/>or RCF of<span class=\"_ _1\"/> EUR 1<span class=\"_ _1\"/>4<span class=\"_ _1\"/>0 million and a<span class=\"_ _1\"/>ncillar<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y of EU<span class=\"_ _1\"/>R 6<span class=\"_ _1\"/>0 million<span class=\"_ _a1\"> </span>EUR<span class=\"_ _1\"/>/Variable   <span class=\"_ _1e7\"> </span><span class=\"ff8 ws2\">EURIBOR + 1.75<span class=\"_ _0\"/>% \u2013 3.75<span class=\"_ _1\"/>% <span class=\"_ _3\"/> <span class=\"_ _20\"> </span><span class=\"ws201\">2<span class=\"_ _1\"/>025   </span></span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">-<span class=\"_ _a0\"> </span>-</span>Supe<span class=\"_ _1\"/>r senior re<span class=\"_ _1\"/>volving c<span class=\"_ _1\"/>redit f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y of EU<span class=\"_ _1\"/>R 25<span class=\"_ _1\"/>0 millio<span class=\"_ _1\"/>n<span class=\"_ _17d\"> </span>EUR<span class=\"_ _e9\"> </span><span class=\"ff8\">EURIBOR +2.75<span class=\"_ _1\"/>%</span>-5.50<span class=\"_ _0\"/>%<span class=\"_ _89\"> </span>2<span class=\"_ _1\"/>023-<span class=\"_ _e3\"> </span>-12,500<span class=\"_ _1c9\"> </span>12,521Senior term loan<span class=\"_ _6\"/> of EUR 20<span class=\"_ _1\"/>0 mil<span class=\"_ _6\"/>lion<span class=\"_ _25d\"> </span><span class=\"ls2 ws201\">EUR   <span class=\"_ _ed\"> </span><span class=\"ff8 ws2\">EURIBOR +3.25<span class=\"_ _0\"/>%</span></span>- +5.00<span class=\"_ _0\"/>%<span class=\"_ _92\"> </span><span class=\"ws201\">202<span class=\"_ _1\"/>5   <span class=\"_ _10b\"> </span><span class=\"ff4 ls167 wsc4\">200,000<span class=\"_ _d0\"> </span><span class=\"ls43 ws4b\">200,234</span></span></span>-<span class=\"_ _e3\"> </span>-Super senior<span class=\"_ _6\"/> term loan o<span class=\"_ _6\"/>f EUR 20<span class=\"_ _1\"/>0 mill<span class=\"_ _6\"/>ion<span class=\"_ _109\"> </span><span class=\"ls2 ws201\">EUR   <span class=\"_ _f5\"> </span><span class=\"ff8 ws2\">EURIBOR +5.50<span class=\"_ _1\"/>%</span></span>- +8.00<span class=\"_ _0\"/>%<span class=\"_ _89\"> </span><span class=\"ws201\">2<span class=\"_ _1\"/>023   </span>-<span class=\"_ _e3\"> </span>-188,000<span class=\"_ _6f\"> </span>186,217Subo<span class=\"_ _1\"/>rdinated unsecur<span class=\"_ _1\"/>ed conver<span class=\"_ _1\"/>tibl<span class=\"_ _1\"/>e bonds of E<span class=\"_ _1\"/>UR 1<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 million (<span class=\"_ _1\"/>issued 20<span class=\"_ _1\"/>17<span class=\"_ _1\"/>)<span class=\"_ _73\"> </span>EUR  <span class=\"_ _3e\"> </span><span class=\"ff8\">4.50<span class=\"_ _0\"/>%  <span class=\"_ _1c9\"> </span>2<span class=\"_ _1\"/>024  <span class=\"_ _fa\"> </span></span>42,5<span class=\"_ _1\"/>00<span class=\"_ _b4\"> </span>40,34<span class=\"_ _1\"/>8<span class=\"_ _39\"> </span><span class=\"ff8 fc14\">100,00<span class=\"_ _1\"/>0<span class=\"_ _6e\"> </span>92,123</span>Other long-term<span class=\"_ _6\"/> loans<span class=\"_ _1ba\"> </span><span class=\"ls2 ws2\">V<span class=\"_ _7\"/>ariable<span class=\"_ _25e\"> </span><span class=\"ff8\">4<span class=\"_ _1\"/>% </span></span>- 5.51<span class=\"_ _1\"/>%<span class=\"_ _58\"> </span>2023-2024<span class=\"_ _61\"> </span><span class=\"ff4\">4,886<span class=\"_ _61\"> </span>4,886<span class=\"_ _89\"> </span></span><span class=\"fc14\">1,558<span class=\"_ _89\"> </span>1,558</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _14b\"> </span>247<span class=\"_ _7\"/>,386<span class=\"_ _3a\"> </span>245,4<span class=\"_ _1\"/>68<span class=\"_ _3a\"> </span><span class=\"fc14\">302,05<span class=\"_ _1\"/>8<span class=\"_ _17b\"> </span>292,419</span>Senior Fac<span class=\"_ _6\"/>ility AgreementThe se<span class=\"_ _1\"/>nior RCF an<span class=\"_ _1\"/>d senior ter<span class=\"_ _1\"/>m loan are par<span class=\"_ _1\"/>t of a Seni<span class=\"_ _1\"/>or Facilit<span class=\"_ _1\"/>y Agre<span class=\"_ _1\"/>ement (SFA). T<span class=\"_ _1\"/>he SFA was arr<span class=\"_ _1\"/>anged by I<span class=\"_ _1\"/>NG<span class=\"_ _1\"/>, Rabo<span class=\"_ _1\"/>bank, A<span class=\"_ _1\"/>BN A<span class=\"_ _1\"/>MR<span class=\"_ _1\"/>O, HSBC<span class=\"_ _1\"/>, B<span class=\"_ _1\"/>arclays and B<span class=\"_ _1\"/>NP Par<span class=\"_ _1\"/>ibas. The s<span class=\"_ _1\"/>enior RCF and s<span class=\"_ _1\"/>enior term l<span class=\"_ _1\"/>oan rank par<span class=\"_ _1\"/>i passu with each oth<span class=\"_ _1\"/>er and the bilater<span class=\"_ _1\"/>al guarante<span class=\"_ _1\"/>e facilities<span class=\"_ _6\"/> and (if a<span class=\"_ _6\"/>pplicable<span class=\"_ _7\"/>) hedge liabil<span class=\"_ _6\"/>ities. The senior RCF and<span class=\"_ _6\"/> senior term loa<span class=\"_ _6\"/>n are secure<span class=\"_ _1\"/>d by a comprehe<span class=\"_ _1\"/>nsive securit<span class=\"_ _1\"/>y pack<span class=\"_ _1\"/>age that is shared wit<span class=\"_ _1\"/>h lender<span class=\"_ _1\"/>s of cert<span class=\"_ _1\"/>ain bilateral guarante<span class=\"_ _1\"/>e facilit<span class=\"_ _1\"/>y provi<span class=\"_ _1\"/>ders and (<span class=\"_ _1\"/>if applicable) hedg<span class=\"_ _1\"/>e counterpar<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>. The se<span class=\"_ _1\"/>curit<span class=\"_ _1\"/>y packag<span class=\"_ _1\"/>e is summarised as follow<span class=\"_ _1\"/>s: Fugro N<span class=\"_ _1\"/>.<span class=\"_ _6\"/>V<span class=\"_ _6\"/>. and each of it<span class=\"_ _1\"/>s subsidiaries that is a guarantor und<span class=\"_ _1\"/>er the SFA guar<span class=\"_ _1\"/>anteed t<span class=\"_ _1\"/>he obligatio<span class=\"_ _1\"/>ns of each of the othe<span class=\"_ _1\"/>r subs<span class=\"_ _6\"/>idiaries und<span class=\"_ _1\"/>er the SFA<span class=\"_ _1\"/>.<span class=\"_ _1\"/> Secur<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y has been pr<span class=\"_ _1\"/>ovided ove<span class=\"_ _1\"/>r the shares of each of th<span class=\"_ _1\"/>e guarantors<span class=\"_ _1\"/>. In additi<span class=\"_ _1\"/>on, cer<span class=\"_ _1\"/>tain Dutch<span class=\"_ _1\"/>, Cura\u00e7ao an<span class=\"_ _1\"/>d other fo<span class=\"_ _1\"/>reign subsidiaries ac<span class=\"_ _1\"/>t as guarantor for t<span class=\"_ _1\"/>he SFA and each of them p<span class=\"_ _1\"/>rovided s<span class=\"_ _1\"/>ecurit<span class=\"_ _1\"/>y over it<span class=\"_ _1\"/>s bank accounts and all it<span class=\"_ _1\"/>s intercompany receiv<span class=\"_ _1\"/>ables.Pledge<span class=\"_ _1\"/>d ass<span class=\"_ _6\"/>ets (<span class=\"_ _6\"/>collateral)Ca<span class=\"_ _1\"/>rr<span class=\"_ _1\"/>yi<span class=\"_ _1\"/>ng amount <span class=\"ls2 ws2\"> </span>31 D<span class=\"_ _1\"/>ece<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r (E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)2022Net e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y value of gu<span class=\"_ _1\"/>arantor<span class=\"_ _1\"/>s (<span class=\"_ _7\"/>a<span class=\"_ _1\"/>ggreg<span class=\"_ _1\"/>ated<span class=\"_ _1\"/>)<span class=\"_ _25f\"> </span>2,802,319Bank account<span class=\"_ _1\"/>s (<span class=\"_ _6\"/>of Dutch<span class=\"_ _1\"/>, Cura\u00e7<span class=\"_ _1\"/>ao and oth<span class=\"_ _1\"/>er fore<span class=\"_ _1\"/>ign subsidiaries)<span class=\"_ _260\"> </span>38,409Intercomp<span class=\"_ _1\"/>any recei<span class=\"_ _1\"/>vables (of Dutch<span class=\"_ _1\"/>, Cura\u00e7<span class=\"_ _1\"/>ao and oth<span class=\"_ _1\"/>er forei<span class=\"_ _1\"/>gn subsidiaries)<span class=\"_ _114\"> </span>7<span class=\"_ _7\"/>43,511Guar<span class=\"_ _1\"/>antees (<span class=\"_ _1\"/>liens<span class=\"_ _7\"/>) re<span class=\"_ _1\"/>lated to the seni<span class=\"_ _1\"/>or revolv<span class=\"_ _1\"/>ing credit fa<span class=\"_ _1\"/>cilit<span class=\"_ _1\"/>y and senior ter<span class=\"_ _1\"/>m loan are EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>0 million (the draw<span class=\"_ _1\"/>n amount) as of 31 De<span class=\"_ _1\"/>cember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 1<span class=\"_ _1\"/>8<span class=\"_ _1\"/>8 million drawn amount).Unde<span class=\"_ _1\"/>r cert<span class=\"_ _1\"/>ain circumstances, t<span class=\"_ _1\"/>he lende<span class=\"_ _1\"/>rs may require mandato<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y prepaym<span class=\"_ _1\"/>ent of all amounts outstandi<span class=\"_ _6\"/>ng under the<span class=\"_ _6\"/> senior RCF and the<span class=\"_ _6\"/> senior term loa<span class=\"_ _6\"/>n. Such cir<span class=\"_ _6\"/>cums<span class=\"_ _6\"/>tances include<span class=\"_ _1\"/>, amongst oth<span class=\"_ _1\"/>ers, a c<span class=\"_ _1\"/>hange of control. In a<span class=\"_ _1\"/>ddition<span class=\"_ _1\"/>, the net pro<span class=\"_ _1\"/>ceeds of a sale of substantially all of the asset<span class=\"_ _1\"/>s of the Gr<span class=\"_ _1\"/>oup are to be applie<span class=\"_ _1\"/>d towards mandator<span class=\"_ _0\"/>y prepayment o<span class=\"_ _6\"/>f the senior<span class=\"_ _6\"/> term loan and<span class=\"_ _6\"/> senior RCF<span class=\"_ _7\"/>.Div<span class=\"_ _1\"/>idend pay<span class=\"_ _1\"/>ments are res<span class=\"_ _1\"/>tric<span class=\"_ _1\"/>ted. D<span class=\"_ _1\"/>ividen<span class=\"_ _1\"/>ds may only be paid if n<span class=\"_ _1\"/>et levera<span class=\"_ _1\"/>ge is equal to or less than 2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0:<span class=\"_ _1\"/>0, an<span class=\"_ _1\"/>d distributio<span class=\"_ _1\"/>ns are cappe<span class=\"_ _1\"/>d at 60<span class=\"_ _1\"/>% of net profit<span class=\"_ _1\"/>. Covenants app<span class=\"_ _1\"/>ly, amongst ot<span class=\"_ _1\"/>hers<span class=\"_ _1\"/>, regarding th<span class=\"_ _1\"/>e solvenc<span class=\"_ _1\"/>y r<span class=\"_ _1\"/>atio, net le<span class=\"_ _1\"/>verage a<span class=\"_ _1\"/>nd interest coverag<span class=\"_ _1\"/>e.As at 3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, onl<span class=\"_ _1\"/>y the senio<span class=\"_ _1\"/>r term loan is dr<span class=\"_ _1\"/>awn, and t<span class=\"_ _1\"/>he amount is denom<span class=\"_ _1\"/>inated in Euro. Fugro has th<span class=\"_ _1\"/>e discretion to dr<span class=\"_ _1\"/>aw the senio<span class=\"_ _1\"/>r RCF and seni<span class=\"_ _1\"/>or term loan in US do<span class=\"_ _1\"/>llar (<span class=\"_ _7\"/>opt<span class=\"_ _1\"/>ional curren<span class=\"_ _1\"/>cy). Potential f<span class=\"_ _1\"/>uture draw d<span class=\"_ _1\"/>owns in US dollar would r<span class=\"_ _1\"/>esult in principal r<span class=\"_ _1\"/>epayment<span class=\"_ _1\"/>s and interest paym<span class=\"_ _1\"/>ents b<span class=\"_ _1\"/>oth in US dollar. This foreign curr<span class=\"_ _1\"/>enc<span class=\"_ _1\"/>y feature wo<span class=\"_ _1\"/>uld theref<span class=\"_ _1\"/>ore qualif<span class=\"_ _1\"/>y as closely re<span class=\"_ _1\"/>lated embe<span class=\"_ _1\"/>dded de<span class=\"_ _1\"/>rivati<span class=\"_ _1\"/>ve.3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>2 <span class=\"_ _5b\"> </span><span class=\"ff2 fs3 ls2 ws2\">Seni<span class=\"_ _1\"/>or RCF</span>On 5 Au<span class=\"_ _1\"/>gust 20<span class=\"_ _1\"/>22<span class=\"_ _1\"/>, the ex<span class=\"_ _1\"/>isting ancillar<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y amount outst<span class=\"_ _1\"/>anding of EU<span class=\"_ _1\"/>R 18<span class=\"_ _1\"/>.7 m<span class=\"_ _1\"/>illion was repai<span class=\"_ _1\"/>d. As at 3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, EU<span class=\"_ _1\"/>R nil million under t<span class=\"_ _1\"/>he senior R<span class=\"_ _1\"/>CF and ancillar<span class=\"_ _1\"/>y facilit<span class=\"_ _1\"/>y w<span class=\"_ _1\"/>as drawn (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 1<span class=\"_ _1\"/>2.<span class=\"_ _1\"/>5 millio<span class=\"_ _1\"/>n<span class=\"_ _7\"/>). T<span class=\"_ _1\"/>he senio<span class=\"_ _1\"/>r RCF may be ut<span class=\"_ _1\"/>ilised by way of drawin<span class=\"_ _1\"/>g of loans and ancillar<span class=\"_ _1\"/>y fa<span class=\"_ _1\"/>cilities. T<span class=\"_ _1\"/>he senior R<span class=\"_ _1\"/>CF represe<span class=\"_ _1\"/>nts a thre<span class=\"_ _1\"/>e-year facilit<span class=\"_ _1\"/>y (of which t<span class=\"_ _1\"/>wo year<span class=\"_ _1\"/>s and seven mo<span class=\"_ _1\"/>nths remain at 31 De<span class=\"_ _1\"/>cember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2) subjec<span class=\"_ _1\"/>t to a one year extension option (<span class=\"_ _7\"/>all lenders\u2019<span class=\"_ _6\"/> con<span class=\"_ _6\"/>sent). The c<span class=\"_ _7\"/>ompany sha<span class=\"_ _6\"/>ll apply a<span class=\"_ _6\"/>mounts borrowed under the seni<span class=\"_ _1\"/>or RCF and an<span class=\"_ _1\"/>cillar<span class=\"_ _1\"/>y facilit<span class=\"_ _1\"/>y tow<span class=\"_ _1\"/>ards gener<span class=\"_ _1\"/>al corpor<span class=\"_ _1\"/>ate and work<span class=\"_ _1\"/>ing capital purp<span class=\"_ _1\"/>oses. This includ<span class=\"_ _1\"/>es acquisitions permit<span class=\"_ _1\"/>ted un<span class=\"_ _1\"/>der the SFA<span class=\"_ _0\"/>. In additio<span class=\"_ _1\"/>n, amount<span class=\"_ _1\"/>s bor<span class=\"_ _1\"/>rowed may b<span class=\"_ _1\"/>e applied to r<span class=\"_ _1\"/>epayment of th<span class=\"_ _1\"/>e remaining amount<span class=\"_ _1\"/>s outst<span class=\"_ _1\"/>anding under th<span class=\"_ _1\"/>e subordinated unse<span class=\"_ _1\"/>cured conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds maturing in 2<span class=\"_ _1\"/>024<span class=\"_ _1\"/>. The initial inter<span class=\"_ _1\"/>est is EU<span class=\"_ _1\"/>RIB<span class=\"_ _1\"/>OR +2<span class=\"_ _1\"/>.7<span class=\"_ _1\"/>5% and d<span class=\"_ _1\"/>epending o<span class=\"_ _1\"/>n levera<span class=\"_ _1\"/>ge can var<span class=\"_ _1\"/>y b<span class=\"_ _1\"/>et<span class=\"_ _1\"/>ween EU<span class=\"_ _1\"/>RI<span class=\"_ _1\"/>BO<span class=\"_ _1\"/>R+1.<span class=\"_ _1\"/>75<span class=\"_ _1\"/>% and EUR<span class=\"_ _1\"/>IBOR+3<span class=\"_ _1\"/>.7<span class=\"_ _1\"/>5% as s<span class=\"_ _6\"/>hown below:L<span class=\"_ _1\"/>ever<span class=\"_ _1\"/>ag<span class=\"_ _1\"/>e<span class=\"_ _261\"> </span><span class=\"ff2 fs36 ls19e ws19e\">Margin</span>&gt;3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _262\"> </span><span class=\"ls2 ws2\">3.75</span>\u2264<span class=\"_ _1\"/>3<span class=\"_ _1\"/>.0<span class=\"_ _0\"/>0:1<span class=\"_ _1\"/> but &gt;2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _263\"> </span><span class=\"ls2 ws2\">3.25</span>\u2264<span class=\"_ _1\"/>2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0:1 b<span class=\"_ _1\"/>ut &gt;2<span class=\"_ _1\"/>.0<span class=\"_ _0\"/>0:1<span class=\"_ _264\"> </span><span class=\"ls2 ws2\">2.75</span>\u2264<span class=\"_ _1\"/>2<span class=\"_ _1\"/>.0<span class=\"_ _0\"/>0:1 b<span class=\"_ _1\"/>ut &gt;1<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0:1<span class=\"_ _265\"> </span><span class=\"ls2 ws2\">2.25</span>\u2264<span class=\"_ _1\"/>1.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _266\"> </span><span class=\"ls2 ws2\">1.75</span>In addition, an<span class=\"_ _6\"/> inter<span class=\"_ _6\"/>est di<span class=\"_ _6\"/>scou<span class=\"_ _6\"/>nt or pena<span class=\"_ _6\"/>lty applies, depending on the<span class=\"_ _6\"/> per<span class=\"_ _1\"/>formanc<span class=\"_ _6\"/>e on sustainab<span class=\"_ _1\"/>ilit<span class=\"_ _1\"/>y-linked K<span class=\"_ _1\"/>PI<span class=\"_ _1\"/>\u2019s (<span class=\"_ _7\"/>s<span class=\"_ _1\"/>ee b<span class=\"_ _1\"/>elow).The t<span class=\"_ _1\"/>ransac<span class=\"_ _1\"/>tion costs of t<span class=\"_ _1\"/>he senior RC<span class=\"_ _1\"/>F of EUR 3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million are re<span class=\"_ _1\"/>corded as curre<span class=\"_ _1\"/>nt assets and are amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ised over the te<span class=\"_ _1\"/>rm. Th<span class=\"_ _1\"/>e current year amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation amount<span class=\"_ _1\"/>s to EUR 0<span class=\"_ _1\"/>.4 million (<span class=\"_ _1\"/>finance e<span class=\"_ _1\"/>xpe<span class=\"_ _1\"/>nse<span class=\"_ _6\"/>).3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>3 <span class=\"_ _5b\"> </span><span class=\"ff2 fs3 ls212 ws221\">Ter<span class=\"_ _1\"/>m<span class=\"_ _1\"/> l<span class=\"_ _1\"/>oa<span class=\"_ _1\"/>n</span>As at 3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g amount of the senio<span class=\"_ _1\"/>r term loan am<span class=\"_ _1\"/>ounts to EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>0<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million with an ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest ex<span class=\"_ _1\"/>pense (at 4.<span class=\"_ _1\"/>7<span class=\"_ _1\"/>7<span class=\"_ _1\"/>%) of EUR 3<span class=\"_ _1\"/>.9 million during 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 (202<span class=\"_ _1\"/>1: car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amount EU<span class=\"_ _1\"/>R 18<span class=\"_ _1\"/>6<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million and interest e<span class=\"_ _1\"/>xpense EU<span class=\"_ _1\"/>R 14<span class=\"_ _1\"/>.7 millio<span class=\"_ _1\"/>n<span class=\"_ _6\"/>). The se<span class=\"_ _1\"/>nior term l<span class=\"_ _1\"/>oan has a three-year te<span class=\"_ _1\"/>rm (<span class=\"_ _6\"/>of which t<span class=\"_ _1\"/>wo year<span class=\"_ _1\"/>s and seven mont<span class=\"_ _1\"/>hs remain as o<span class=\"_ _6\"/>f 31 December 202<span class=\"_ _1\"/>2) sub<span class=\"_ _6\"/>ject to a one year e<span class=\"_ _6\"/>x<span class=\"_ _1\"/>ten<span class=\"_ _6\"/>sion op<span class=\"_ _6\"/>tion (<span class=\"_ _7\"/>all lenders\u2019 con<span class=\"_ _7\"/>sent). The init<span class=\"_ _1\"/>ial coupon is EUR<span class=\"_ _1\"/>IB<span class=\"_ _1\"/>OR+3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0% and d<span class=\"_ _1\"/>epending o<span class=\"_ _1\"/>n levera<span class=\"_ _1\"/>ge can var<span class=\"_ _1\"/>y b<span class=\"_ _1\"/>et<span class=\"_ _1\"/>ween EU<span class=\"_ _1\"/>RIB<span class=\"_ _1\"/>OR+<span class=\"_ _1\"/>3.<span class=\"_ _1\"/>2<span class=\"_ _1\"/>5% and E<span class=\"_ _1\"/>UR<span class=\"_ _1\"/>IBO<span class=\"_ _1\"/>R+<span class=\"_ _1\"/>5<span class=\"_ _1\"/>.0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>% as shown be<span class=\"_ _1\"/>low:L<span class=\"_ _1\"/>ever<span class=\"_ _1\"/>ag<span class=\"_ _1\"/>e<span class=\"_ _261\"> </span><span class=\"ff2 fs36 ls19e ws19e\">Margin</span>&gt;3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _267\"> </span><span class=\"ls2 ws2\">5.00</span>\u2264<span class=\"_ _1\"/>3<span class=\"_ _1\"/>.0<span class=\"_ _0\"/>0:1<span class=\"_ _1\"/> but &gt;2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _c5\"> </span><span class=\"ls2 ws2\">4.50</span>\u2264<span class=\"_ _1\"/>2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0:1 b<span class=\"_ _1\"/>ut &gt;2<span class=\"_ _1\"/>.0<span class=\"_ _0\"/>0:1<span class=\"_ _c5\"> </span><span class=\"ls2 ws2\">4.00</span>\u2264<span class=\"_ _1\"/>2<span class=\"_ _1\"/>.0<span class=\"_ _0\"/>0:1 b<span class=\"_ _1\"/>ut &gt;1<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0:1<span class=\"_ _264\"> </span><span class=\"ls2 ws2\">3.5<span class=\"_ _1\"/>0</span>\u2264<span class=\"_ _1\"/>1.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _71\"> </span><span class=\"ls2 ws2\">3.25</span>In additi<span class=\"_ _1\"/>on, an interest discount or p<span class=\"_ _1\"/>enalt<span class=\"_ _1\"/>y applies, d<span class=\"_ _1\"/>epending o<span class=\"_ _1\"/>n the per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>mance of sustainab<span class=\"_ _1\"/>ilit<span class=\"_ _1\"/>y-linked K<span class=\"_ _1\"/>PIs (see b<span class=\"_ _1\"/>elo<span class=\"_ _1\"/>w<span class=\"_ _6\"/>).The t<span class=\"_ _1\"/>ransac<span class=\"_ _1\"/>tion costs of E<span class=\"_ _1\"/>UR 3<span class=\"_ _1\"/>.7 millio<span class=\"_ _1\"/>n costs were inclu<span class=\"_ _1\"/>ded in the c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt of the senior te<span class=\"_ _1\"/>rm loan. T<span class=\"_ _1\"/>hese tr<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ion costs are re<span class=\"_ _1\"/>cognised in prof<span class=\"_ _1\"/>it and loss in accordance with th<span class=\"_ _1\"/>e effe<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ve interest rate met<span class=\"_ _1\"/>hod and th<span class=\"_ _1\"/>e current year f<span class=\"_ _1\"/>inance expense amo<span class=\"_ _1\"/>unts to EU<span class=\"_ _1\"/>R 0.<span class=\"_ _1\"/>5 m<span class=\"_ _1\"/>illion.3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>4 <span class=\"_ _57\"> </span><span class=\"ff2 fs3 ls9e wsa2\">S<span class=\"_ _1\"/>ubordinated unsecured convertible b<span class=\"_ _1\"/>onds</span>Simultane<span class=\"_ _1\"/>ously with th<span class=\"_ _1\"/>e broader ref<span class=\"_ _1\"/>inancing<span class=\"_ _1\"/>, Fugro repurchase<span class=\"_ _1\"/>d EUR 9 millio<span class=\"_ _1\"/>n in principal amount (ninet<span class=\"_ _1\"/>y bonds) of the outst<span class=\"_ _1\"/>anding subordinated conver<span class=\"_ _1\"/>tibl<span class=\"_ _1\"/>e bonds due 2<span class=\"_ _1\"/>024 via a priv<span class=\"_ _1\"/>ate transac<span class=\"_ _1\"/>tion w<span class=\"_ _1\"/>ith Stichting Value Pa<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ners Family O<span class=\"_ _1\"/>ff<span class=\"_ _1\"/>ice. The nin<span class=\"_ _1\"/>ety b<span class=\"_ _1\"/>onds repurchase<span class=\"_ _1\"/>d were cancell<span class=\"_ _1\"/>ed in accordance with the te<span class=\"_ _1\"/>rms and conditions<span class=\"_ _1\"/>. The re<span class=\"_ _1\"/>purchase price was E<span class=\"_ _1\"/>UR 1<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 p<span class=\"_ _1\"/>er EU<span class=\"_ _1\"/>R 10<span class=\"_ _1\"/>0<span class=\"_ _1\"/>,<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 in principal am<span class=\"_ _1\"/>ount of such bonds<span class=\"_ _1\"/>. The consider<span class=\"_ _1\"/>ation pai<span class=\"_ _1\"/>d on 28 Jul<span class=\"_ _1\"/>y 202<span class=\"_ _1\"/>2 w<span class=\"_ _1\"/>as allocated to th<span class=\"_ _1\"/>e liability in f<span class=\"_ _1\"/>ull (<span class=\"_ _7\"/>t<span class=\"_ _1\"/>here was no residual that was assigne<span class=\"_ _1\"/>d to the equit<span class=\"_ _1\"/>y compo<span class=\"_ _1\"/>nent). The d<span class=\"_ _1\"/>ebt set<span class=\"_ _1\"/>tlement gain w<span class=\"_ _1\"/>as EU<span class=\"_ _1\"/>R 0.<span class=\"_ _1\"/>6 million and pres<span class=\"_ _1\"/>ented in finance ex<span class=\"_ _1\"/>pense.In acc<span class=\"_ _7\"/>ordance with the t<span class=\"_ _6\"/>erms and<span class=\"_ _6\"/> condi<span class=\"_ _6\"/>tions, bond holders could<span class=\"_ _6\"/> at their<span class=\"_ _6\"/> disc<span class=\"_ _6\"/>retion require t<span class=\"_ _1\"/>he early re<span class=\"_ _1\"/>demptio<span class=\"_ _1\"/>n at par on the f<span class=\"_ _1\"/>ift<span class=\"_ _1\"/>h anniversar<span class=\"_ _1\"/>y of t<span class=\"_ _1\"/>heir issue. During t<span class=\"_ _1\"/>he notice period, which ended on 16 Septem<span class=\"_ _6\"/>ber 202<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, Fugro<span class=\"_ _6\"/> received early redemption<span class=\"_ _6\"/> notices for a<span class=\"_ _1\"/>n aggregate am<span class=\"_ _1\"/>ount of EUR 4<span class=\"_ _1\"/>8<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million. Th<span class=\"_ _1\"/>e total amount of EU<span class=\"_ _1\"/>R 4<span class=\"_ _1\"/>8.<span class=\"_ _1\"/>5 million (principal and ac<span class=\"_ _7\"/>cr<span class=\"_ _1\"/>ued in<span class=\"_ _6\"/>terest) wa<span class=\"_ _6\"/>s repaid on<span class=\"_ _6\"/> 2 November 202<span class=\"_ _1\"/>2. The consideration<span class=\"_ _6\"/> paid was alloc<span class=\"_ _1\"/>ated to the liabilit<span class=\"_ _1\"/>y (<span class=\"_ _1\"/>EUR 4<span class=\"_ _1\"/>5<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million) and equit<span class=\"_ _1\"/>y compone<span class=\"_ _1\"/>nt (EU<span class=\"_ _1\"/>R 4.<span class=\"_ _1\"/>0 million). The d<span class=\"_ _1\"/>ebt sett<span class=\"_ _1\"/>lement gain was E<span class=\"_ _1\"/>UR 1<span class=\"_ _1\"/>.0 million an<span class=\"_ _1\"/>d presented in f<span class=\"_ _1\"/>inance income.The tot<span class=\"_ _1\"/>al por<span class=\"_ _1\"/>tio<span class=\"_ _1\"/>n of the equit<span class=\"_ _1\"/>y compo<span class=\"_ _1\"/>nent per<span class=\"_ _1\"/>taining to t<span class=\"_ _1\"/>he conver<span class=\"_ _1\"/>tible bo<span class=\"_ _1\"/>nds fully rede<span class=\"_ _1\"/>emed dur<span class=\"_ _1\"/>ing 20<span class=\"_ _1\"/>22 w<span class=\"_ _1\"/>as transfer<span class=\"_ _1\"/>red to retain<span class=\"_ _1\"/>ed earnings fo<span class=\"_ _1\"/>r an amount of EUR 2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>7 million<span class=\"_ _1\"/>.As at 3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g amount of the EU<span class=\"_ _1\"/>R 10<span class=\"_ _0\"/>0 million subordinated unsecure<span class=\"_ _1\"/>d convert<span class=\"_ _1\"/>ible bonds du<span class=\"_ _1\"/>e 2024 am<span class=\"_ _1\"/>ounts to EU<span class=\"_ _1\"/>R 4<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>3 million (3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: 92<span class=\"_ _1\"/>.1 million) with an ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest e<span class=\"_ _1\"/>xpense (at 8.1%) of EU<span class=\"_ _1\"/>R 6.<span class=\"_ _1\"/>5 millio<span class=\"_ _1\"/>n in 202<span class=\"_ _1\"/>2 (2<span class=\"_ _1\"/>021<span class=\"_ _1\"/>: EU<span class=\"_ _1\"/>R 7<span class=\"_ _7\"/>.1 million). A EUR 4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>4 million coupon of 4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5% has be<span class=\"_ _1\"/>en paid in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 (202<span class=\"_ _1\"/>1: 4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million). The conver<span class=\"_ _1\"/>sion price is EU<span class=\"_ _1\"/>R 19.<span class=\"_ _1\"/>6<span class=\"_ _1\"/>49<span class=\"_ _1\"/>0<span class=\"_ _1\"/>. Unless previ<span class=\"_ _1\"/>ously rede<span class=\"_ _1\"/>emed<span class=\"_ _1\"/>, conver<span class=\"_ _1\"/>ted or purchase<span class=\"_ _1\"/>d and cancelle<span class=\"_ _1\"/>d, thes<span class=\"_ _1\"/>e remaining bon<span class=\"_ _1\"/>ds will be rede<span class=\"_ _1\"/>emed at th<span class=\"_ _1\"/>eir principal am<span class=\"_ _1\"/>ount on or around 2 N<span class=\"_ _1\"/>ovember 2<span class=\"_ _1\"/>024<span class=\"_ _1\"/>. Up<span class=\"_ _1\"/>on exercise of the<span class=\"_ _1\"/>ir conversion right<span class=\"_ _1\"/>s, th<span class=\"_ _1\"/>ese bonds will b<span class=\"_ _1\"/>e conver<span class=\"_ _1\"/>tible into ordinar<span class=\"_ _1\"/>y shares at a conver<span class=\"_ _1\"/>sion rate of 5<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>8<span class=\"_ _1\"/>9.3<span class=\"_ _1\"/>17<span class=\"_ _1\"/>5 for each b<span class=\"_ _1\"/>ond he<span class=\"_ _1\"/>ld, represe<span class=\"_ _1\"/>nting ordinar<span class=\"_ _1\"/>y shares in the cap<span class=\"_ _1\"/>ital of Fugro. T<span class=\"_ _1\"/>he initial conver<span class=\"_ _1\"/>sion price was set at EU<span class=\"_ _1\"/>R 14<span class=\"_ _1\"/>.<span class=\"_ _6\"/>9<span class=\"_ _1\"/>412<span class=\"_ _1\"/>. The o<span class=\"_ _1\"/>rdinar<span class=\"_ _1\"/>y shares underl<span class=\"_ _1\"/>ying the b<span class=\"_ _1\"/>onds correspon<span class=\"_ _1\"/>ded to appro<span class=\"_ _1\"/>ximately 1.9<span class=\"_ _1\"/>% of the company<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s issued share capit<span class=\"_ _1\"/>al. Fugro has the o<span class=\"_ _1\"/>ption to conver<span class=\"_ _1\"/>t all but not some of th<span class=\"_ _1\"/>ese outst<span class=\"_ _1\"/>anding bon<span class=\"_ _1\"/>ds int<span class=\"_ _6\"/>o ordinar<span class=\"_ _1\"/>y shares at the t<span class=\"_ _1\"/>hen prev<span class=\"_ _1\"/>ailing conversion price at any time since 2<span class=\"_ _1\"/>3 N<span class=\"_ _1\"/>ovember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>0, if th<span class=\"_ _1\"/>e value of the or<span class=\"_ _1\"/>dinary shar<span class=\"_ _1\"/>es underly<span class=\"_ _1\"/>ing a bon<span class=\"_ _1\"/>d exceeds EU<span class=\"_ _1\"/>R 15<span class=\"_ _1\"/>0 tho<span class=\"_ _1\"/>usand for a spe<span class=\"_ _1\"/>cifie<span class=\"_ _1\"/>d perio<span class=\"_ _1\"/>d of time. H<span class=\"_ _1\"/>older<span class=\"_ _1\"/>s of the bon<span class=\"_ _1\"/>ds have the opt<span class=\"_ _1\"/>ion to force red<span class=\"_ _1\"/>emption of th<span class=\"_ _1\"/>e principal amo<span class=\"_ _1\"/>unt plus interest (in cash<span class=\"_ _6\"/>) by Fugro in the event of a chan<span class=\"_ _1\"/>ge in control. Fugr<span class=\"_ _1\"/>o has an early red<span class=\"_ _1\"/>emption opt<span class=\"_ _1\"/>ion (<span class=\"_ _6\"/>clean-up call<span class=\"_ _1\"/>) if 15<span class=\"_ _1\"/>% or less of the ag<span class=\"_ _1\"/>gregate pr<span class=\"_ _1\"/>incipal amount of the b<span class=\"_ _1\"/>onds remains out<span class=\"_ _1\"/>standing. F<span class=\"_ _1\"/>ugro has an option to re<span class=\"_ _1\"/>deem all<span class=\"_ _1\"/>, but not some of t<span class=\"_ _1\"/>he bonds in th<span class=\"_ _1\"/>e event of cert<span class=\"_ _1\"/>ain changes in tax la<span class=\"_ _1\"/>w.The G<span class=\"_ _1\"/>roup considers t<span class=\"_ _1\"/>he bonds as a compo<span class=\"_ _1\"/>und financial instr<span class=\"_ _1\"/>ument containing a debt host (inclu<span class=\"_ _1\"/>ding closely re<span class=\"_ _1\"/>lated embe<span class=\"_ _1\"/>dded liabilit<span class=\"_ _1\"/>y der<span class=\"_ _1\"/>ivativ<span class=\"_ _1\"/>es<span class=\"_ _7\"/>) and an e<span class=\"_ _1\"/>mbedd<span class=\"_ _1\"/>ed equit<span class=\"_ _1\"/>y derivative (<span class=\"_ _7\"/>conversion op<span class=\"_ _6\"/>tion)<span class=\"_ _6\"/>. The su<span class=\"_ _6\"/>bordina<span class=\"_ _6\"/>ted con<span class=\"_ _6\"/>vertible bonds are pub<span class=\"_ _6\"/>licity trade<span class=\"_ _1\"/>d on<span class=\"_ _6\"/> the Fr<span class=\"_ _1\"/>ankfur<span class=\"_ _1\"/>t sto<span class=\"_ _1\"/>ck exchange<span class=\"_ _1\"/>. The conversio<span class=\"_ _1\"/>n price of the b<span class=\"_ _1\"/>onds is subject to s<span class=\"_ _1\"/>tandard anti-dilution a<span class=\"_ _1\"/>djustments such as in the ev<span class=\"_ _1\"/>ent of share consolidations, share split<span class=\"_ _1\"/>s, cap<span class=\"_ _1\"/>ital distributi<span class=\"_ _1\"/>ons, right<span class=\"_ _1\"/>s issues and bonus issues and in the eve<span class=\"_ _1\"/>nt of a change in control, a merger<span class=\"_ _7\"/>, or other events.3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>5 <span class=\"_ _5b\"> </span><span class=\"ff2 fs3 ls9e wsa2\">Changes in liabilities arising from f<span class=\"_ _1\"/>inancing activiti<span class=\"_ _1\"/>es</span>The t<span class=\"_ _1\"/>able bel<span class=\"_ _1\"/>ow sets o<span class=\"_ _1\"/>ut an analysis of the changes in liabilit<span class=\"_ _1\"/>ies arising from f<span class=\"_ _1\"/>inancing activities in 202<span class=\"_ _1\"/>2.Subordinated unsecure<span class=\"_ _1\"/>d conv<span class=\"_ _7\"/>er<span class=\"_ _1\"/>tible bo<span class=\"_ _1\"/>nds  Sup<span class=\"_ _1\"/>er se<span class=\"_ _1\"/>nio<span class=\"_ _1\"/>r Sup<span class=\"_ _1\"/>er se<span class=\"_ _1\"/>nio<span class=\"_ _1\"/>r Lease <span class=\"ls2 ws2\"> </span>Other long-(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _104\"> </span><span class=\"ff2 fs36\">Se<span class=\"_ _1\"/>nio<span class=\"_ _1\"/>r RCF<span class=\"_ _13\"> </span><span class=\"ls213 ws222\">Te<span class=\"_ _1\"/>r<span class=\"_ _1\"/>m l<span class=\"_ _1\"/>oa<span class=\"_ _1\"/>n</span></span>EU<span class=\"_ _6\"/>R<span class=\"_ _7\"/> 100,000RCFter<span class=\"_ _1\"/>m loa<span class=\"_ _1\"/>nLiabiliti<span class=\"_ _1\"/>ester<span class=\"_ _1\"/>m loa<span class=\"_ _1\"/>ns<span class=\"_ _8d\"> </span><span class=\"ls1b5 ws1b9\">T<span class=\"_ _7\"/>otal</span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2-<span class=\"_ _e3\"> </span>-92,<span class=\"_ _6\"/>123<span class=\"_ _61\"> </span>12,521<span class=\"_ _6f\"> </span>18<span class=\"_ _1\"/>6,217<span class=\"_ _c0\"> </span>147<span class=\"_ _7\"/>,424<span class=\"_ _89\"> </span>1,558<span class=\"_ _39\"> </span>439,843Pro<span class=\"_ _1\"/>ceeds fr<span class=\"_ _1\"/>om issue of term lo<span class=\"_ _1\"/>an-200,<span class=\"_ _6\"/>000-<span class=\"_ _e3\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _e3\"> </span>-200,<span class=\"_ _6\"/>000Repayment o<span class=\"_ _6\"/>f su<span class=\"_ _6\"/>per senior RCF / s<span class=\"_ _7\"/>uper senior term loan-<span class=\"_ _e3\"> </span>-<span class=\"_ _a0\"> </span>-(97<span class=\"_ _7\"/>,500)<span class=\"_ _12\"> </span>(188,000)-<span class=\"_ _e3\"> </span>-(285,500)Sale and<span class=\"_ _6\"/> lease back<span class=\"_ _6\"/> (financing<span class=\"_ _6\"/> component)<span class=\"_ _6\"/> -<span class=\"_ _e3\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _e3\"> </span>-18,043-18,043Cash flow from financ<span class=\"_ _6\"/>ing activities provided by<span class=\"_ _6\"/> (<span class=\"_ _7\"/>used for) c<span class=\"_ _6\"/>ontinued operations-<span class=\"_ _e3\"> </span>-(57<span class=\"_ _7\"/>,50<span class=\"_ _1\"/>0)<span class=\"_ _f9\"> </span>85,00<span class=\"_ _1\"/>0-(35,94<span class=\"_ _1\"/>4)<span class=\"_ _6e\"> </span>3,364<span class=\"_ _5f\"> </span>(5,080)Sub<span class=\"_ _1\"/>-tota<span class=\"_ _1\"/>l-200,<span class=\"_ _7\"/>000<span class=\"_ _b4\"> </span><span class=\"ls2 ws2\">34,62<span class=\"_ _1\"/>3<span class=\"_ _f6\"> </span>21<span class=\"_ _21\"> </span>(1,783)<span class=\"_ _9f\"> </span>129,52<span class=\"_ _1\"/>3<span class=\"_ _61\"> </span>4,922<span class=\"_ _86\"> </span>367<span class=\"_ _7\"/>,30<span class=\"_ _1\"/>6</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of moveme<span class=\"_ _1\"/>nt in foreign e<span class=\"_ _1\"/>xchange r<span class=\"_ _1\"/>ates-<span class=\"_ _e3\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _e3\"> </span>-1,563<span class=\"_ _f5\"> </span>(29)<span class=\"_ _20\"> </span>1,5<span class=\"_ _1\"/>34Oth<span class=\"_ _1\"/>er changes*<span class=\"_ _85\"> </span><span class=\"fs6 ls1f1 ws1f5\">234<span class=\"_ _87\"> </span></span><span class=\"fs6\">5,725<span class=\"_ _96\"> </span>(21)<span class=\"_ _61\"> </span>1,783<span class=\"_ _84\"> </span>37<span class=\"_ _7\"/>,888<span class=\"_ _26\"> </span><span class=\"ls43 ws4b\">(7)<span class=\"_ _fa\"> </span></span>45,6<span class=\"_ _1\"/>02</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2-200,234<span class=\"_ _c0\"> </span><span class=\"ls2 ws2\">40,34<span class=\"_ _1\"/>8</span>-<span class=\"_ _e3\"> </span>-168,974<span class=\"_ _20\"> </span>4,886<span class=\"_ _f9\"> </span>414,442*Other changes i<span class=\"_ _6\"/>nclude i<span class=\"_ _6\"/>nterest<span class=\"_ _6\"/> payments, accrued i<span class=\"_ _6\"/>nterest, transaction c<span class=\"_ _6\"/>osts capitali<span class=\"_ _6\"/>sed agai<span class=\"_ _6\"/>nst term<span class=\"_ _6\"/> loan, amortisation, and new/modi<span class=\"_ _6\"/>fication of<span class=\"_ _6\"/> leases.The c<span class=\"_ _1\"/>ash outfl<span class=\"_ _1\"/>ow from f<span class=\"_ _1\"/>inancing ac<span class=\"_ _1\"/>tiviti<span class=\"_ _1\"/>es of EUR 5<span class=\"_ _1\"/>.1 million in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 repres<span class=\"_ _1\"/>ents the tot<span class=\"_ _1\"/>al net cash fro<span class=\"_ _1\"/>m financing ac<span class=\"_ _1\"/>tivit<span class=\"_ _1\"/>ies in the consolidate<span class=\"_ _1\"/>d statement of cash f<span class=\"_ _1\"/>lows of EU<span class=\"_ _1\"/>R 32<span class=\"_ _1\"/>.9 million excluding div<span class=\"_ _1\"/>idends paid of EU<span class=\"_ _1\"/>R 4<span class=\"_ _1\"/>.6 millio<span class=\"_ _1\"/>n, proce<span class=\"_ _1\"/>eds from issue of term l<span class=\"_ _1\"/>oan of EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>0 million<span class=\"_ _1\"/>, repayme<span class=\"_ _1\"/>nt of s<span class=\"_ _6\"/>uper se<span class=\"_ _1\"/>nior RCF an<span class=\"_ _1\"/>d super senior ter<span class=\"_ _1\"/>m loan of EU<span class=\"_ _1\"/>R 28<span class=\"_ _1\"/>5<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million and th<span class=\"_ _1\"/>e procee<span class=\"_ _1\"/>ds from sale and l<span class=\"_ _1\"/>easeback (f<span class=\"_ _1\"/>inancing compon<span class=\"_ _1\"/>ent) of EUR 1<span class=\"_ _1\"/>8<span class=\"_ _1\"/>.0 million<span class=\"_ _1\"/>.In 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>, the anal<span class=\"_ _1\"/>ysis of the changes in liabilities ar<span class=\"_ _1\"/>ising from finan<span class=\"_ _1\"/>cing act<span class=\"_ _1\"/>ivities w<span class=\"_ _1\"/>as as follows:Subordinated Subordinated unsecure<span class=\"_ _1\"/>d unsecure<span class=\"_ _1\"/>d T<span class=\"_ _6\"/>ransaction conv<span class=\"_ _7\"/>er<span class=\"_ _1\"/>tible conv<span class=\"_ _7\"/>er<span class=\"_ _1\"/>tible with discon<span class=\"ls2 ws2\">-</span>bo<span class=\"_ _1\"/>nds E<span class=\"_ _1\"/>UR bo<span class=\"_ _1\"/>nds E<span class=\"_ _1\"/>UR Sup<span class=\"_ _1\"/>er se<span class=\"_ _1\"/>nio<span class=\"_ _1\"/>r Sup<span class=\"_ _1\"/>er se<span class=\"_ _1\"/>nio<span class=\"_ _1\"/>r Lease Liabili<span class=\"ls2 ws2\">-</span>tinued opera<span class=\"ls2 ws2\">-</span>Other long-(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)190<span class=\"_ _6\"/>,000100,<span class=\"_ _6\"/>000RCFter<span class=\"_ _1\"/>m loa<span class=\"_ _1\"/>ntiestionster<span class=\"_ _1\"/>m loa<span class=\"_ _1\"/>ns<span class=\"_ _8d\"> </span><span class=\"ls1b5 ws1b9\">T<span class=\"_ _7\"/>otal</span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1<span class=\"_ _268\"> </span><span class=\"ff8 fs6 fc14 ls2\"> 56,95<span class=\"_ _1\"/>3<span class=\"_ _b4\"> </span> 89,521<span class=\"_ _96\"> </span> </span>- 195,137<span class=\"_ _d0\"> </span> 132,692<span class=\"_ _96\"> </span> - 2,631<span class=\"_ _e3\"> </span> 476,934Cash flow from financ<span class=\"_ _6\"/>ing activities provided by<span class=\"_ _6\"/> (<span class=\"_ _7\"/>used for) c<span class=\"_ _6\"/>ontinued operations<span class=\"_ _269\"> </span><span class=\"ff8 fc14 ls2 ws2\">(58,90<span class=\"_ _1\"/>0)</span>-12,500<span class=\"_ _37\"> </span>(12,00<span class=\"_ _1\"/>0)<span class=\"_ _17c\"> </span>(25,599)<span class=\"_ _9b\"> </span>14,801<span class=\"_ _d2\"> </span>(951)<span class=\"_ _86\"> </span>(<span class=\"_ _1\"/>70,<span class=\"_ _7\"/>149)Cash flow from financ<span class=\"_ _6\"/>ing activities provided by<span class=\"_ _6\"/> (<span class=\"_ _7\"/>used for) di<span class=\"_ _6\"/>scon<span class=\"_ _6\"/>tinued operations-----   <span class=\"_ _17b\"> </span><span class=\"ws225\">(14,801)   </span>-   <span class=\"_ _17b\"> </span><span class=\"ws225\">(14,801)   </span>Sub<span class=\"_ _1\"/>-tota<span class=\"_ _1\"/>l<span class=\"_ _26a\"> </span><span class=\"fc14 ls2 ws2\">(1,947)<span class=\"_ _c0\"> </span>8<span class=\"_ _6\"/>9,521<span class=\"_ _a1\"> </span>12,50<span class=\"_ _1\"/>0<span class=\"_ _c0\"> </span>183,137<span class=\"_ _38\"> </span>107<span class=\"_ _7\"/>,093</span>-1,680<span class=\"_ _86\"> </span>391,98<span class=\"_ _1\"/>4Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of moveme<span class=\"_ _1\"/>nt in foreign e<span class=\"_ _1\"/>xchange r<span class=\"_ _1\"/>ates-<span class=\"_ _e3\"> </span>---9,229 - <span class=\"_ _96\"> </span>18 <span class=\"_ _21\"> </span>9,247 Oth<span class=\"_ _1\"/>er changes*<span class=\"_ _26b\"> </span><span class=\"ff8 fs6 fc14\">1,947<span class=\"_ _5d\"> </span>2,602<span class=\"_ _fc\"> </span>21<span class=\"_ _1c9\"> </span>3,080<span class=\"_ _20\"> </span>31,102</span>-(140)<span class=\"_ _c0\"> </span>38,612Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1-92,<span class=\"_ _6\"/>123 <span class=\"_ _84\"> </span>12,521 <span class=\"_ _f9\"> </span>186,<span class=\"_ _1\"/>217 <span class=\"_ _39\"> </span>147<span class=\"_ _7\"/>,424 -1,558 <span class=\"_ _111\"> </span>439,843 *Other changes i<span class=\"_ _6\"/>nclude i<span class=\"_ _6\"/>nterest<span class=\"_ _6\"/> payments, accrued i<span class=\"_ _6\"/>nterest, amortisation, and<span class=\"_ _6\"/> new/modification<span class=\"_ _6\"/> of lea<span class=\"_ _6\"/>ses.3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>6 <span class=\"_ _26c\"> </span><span class=\"ff2 fs3 lsfd ws109\">Cov<span class=\"_ _6\"/>enant requirements</span>The se<span class=\"_ _1\"/>nior fac<span class=\"_ _1\"/>ility agr<span class=\"_ _1\"/>eement (\u201cS<span class=\"_ _1\"/>FA<span class=\"_ _7\"/>\u201d<span class=\"_ _1\"/>) contains vari<span class=\"_ _1\"/>ous aff<span class=\"_ _1\"/>irmative and ne<span class=\"_ _1\"/>gative covenants and event<span class=\"_ _1\"/>s of default<span class=\"_ _1\"/>. The prin<span class=\"_ _1\"/>cipal covenants require<span class=\"_ _1\"/>ments in th<span class=\"_ _1\"/>e SFA related to th<span class=\"_ _1\"/>e senior d<span class=\"_ _1\"/>ebt are defin<span class=\"_ _1\"/>ed as follows (all including the impa<span class=\"_ _1\"/>ct of I<span class=\"_ _1\"/>FRS 1<span class=\"_ _1\"/>6): <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Solve<span class=\"_ _1\"/>nc<span class=\"_ _1\"/>y ratio: shareho<span class=\"_ _1\"/>lders\u2019 e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y as a percentage of t<span class=\"_ _1\"/>he balance sheet tot<span class=\"_ _1\"/>al.   <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Net le<span class=\"_ _1\"/>verag<span class=\"_ _1\"/>e for purp<span class=\"_ _1\"/>ose of covenant calculations: net debt di<span class=\"_ _1\"/>vided by a<span class=\"_ _1\"/>djusted consolidated E<span class=\"_ _1\"/>BIT<span class=\"_ _1\"/>DA for purp<span class=\"_ _1\"/>ose of covenant calculations<span class=\"_ _1\"/>. The lo<span class=\"_ _1\"/>ok<span class=\"_ _6\"/>-back pe<span class=\"_ _1\"/>riod is twelve months. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Interest cover<span class=\"_ _1\"/>age: adjusted conso<span class=\"_ _1\"/>lidated EB<span class=\"_ _1\"/>ITDA f<span class=\"_ _1\"/>or purpose of covenant cal<span class=\"_ _1\"/>culations divide<span class=\"_ _1\"/>d by consolidated interest e<span class=\"_ _1\"/>xpense. T<span class=\"_ _1\"/>he loo<span class=\"_ _1\"/>k<span class=\"_ _7\"/>-ba<span class=\"_ _1\"/>ck peri<span class=\"_ _1\"/>od is t<span class=\"_ _1\"/>welve months<span class=\"_ _1\"/>.2022<span class=\"_ _a5\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span>Principal cov<span class=\"_ _6\"/>enantsTa<span class=\"_ _1\"/>rg<span class=\"_ _1\"/>e<span class=\"_ _1\"/>t<span class=\"_ _e3\"> </span><span class=\"ls1e8 ws1ee\">Actual<span class=\"_ _ce\"> </span><span class=\"ls19e ws19e\">Headroom<span class=\"_ _e3\"> </span></span></span>Tar<span class=\"_ _1\"/>g<span class=\"_ _1\"/>e<span class=\"_ _1\"/>t<span class=\"_ _26d\"> </span><span class=\"ls1e8 ws1ee\">Actu<span class=\"_ _1\"/>al<span class=\"_ _55\"> </span><span class=\"ls19e ws19e\">Headro<span class=\"_ _1\"/>om</span></span>Solvency ratio<span class=\"_ _99\"> </span>&gt;=33.33<span class=\"_ _1\"/>%<span class=\"_ _9f\"> </span>51.0<span class=\"_ _1\"/>%<span class=\"_ _10b\"> </span>17<span class=\"_ _7\"/>.67<span class=\"_ _0\"/>%<span class=\"_ _ce\"> </span>&gt;=33.33<span class=\"_ _0\"/>%<span class=\"_ _120\"> </span>4<span class=\"_ _1\"/>6.3<span class=\"_ _1\"/>%<span class=\"_ _145\"> </span>12.97<span class=\"_ _0\"/>%Net leverage<span class=\"_ _118\"> </span>=&lt;3.25<span class=\"_ _1\"/>:<span class=\"_ _1\"/>1<span class=\"_ _9b\"> </span>0.93<span class=\"_ _21f\"> </span>2.32<span class=\"_ _33\"> </span><span class=\"ff8 fc14\">=&lt;3.<span class=\"_ _1\"/>25<span class=\"_ _1\"/>:1<span class=\"_ _20\"> </span>1.7<span class=\"_ _1\"/>1<span class=\"_ _5f\"> </span>1.54</span>Interest covera<span class=\"_ _1\"/>ge<span class=\"_ _ed\"> </span>&gt;=2.5<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _5f\"> </span><span class=\"ls1fd ws20a\">7.<span class=\"_ _0\"/>0<span class=\"_ _0\"/>5<span class=\"_ _a1\"> </span></span>4.5<span class=\"_ _1\"/>5<span class=\"_ _33\"> </span>&gt;=2.50:<span class=\"_ _1\"/>1<span class=\"_ _b4\"> </span>4.60<span class=\"_ _92\"> </span>2<span class=\"_ _1\"/>.Fugro\u2019s right to defe<span class=\"_ _1\"/>r sett<span class=\"_ _1\"/>lement of non-<span class=\"_ _1\"/>current liabilities fo<span class=\"_ _1\"/>r at least t<span class=\"_ _1\"/>welve months af<span class=\"_ _1\"/>ter the repor<span class=\"_ _1\"/>ting period is<span class=\"_ _6\"/> sub<span class=\"_ _6\"/>ject to compli<span class=\"_ _6\"/>ance<span class=\"_ _6\"/> with specified cond<span class=\"_ _6\"/>itions wi<span class=\"_ _6\"/>thin twelve months af<span class=\"_ _1\"/>ter the re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ting p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d. The covenant testing dates ar<span class=\"_ _1\"/>e 31 De<span class=\"_ _1\"/>cember, 31 March, 3<span class=\"_ _1\"/>0 June and 3<span class=\"_ _1\"/>0 Septe<span class=\"_ _1\"/>mber. The senior R<span class=\"_ _1\"/>CF<span class=\"_ _7\"/>, t<span class=\"_ _1\"/>he senior te<span class=\"_ _1\"/>rm loan, t<span class=\"_ _1\"/>he lease liabilities of t<span class=\"_ _1\"/>he t<span class=\"_ _1\"/>wo geote<span class=\"_ _1\"/>chnical vessels and subo<span class=\"_ _1\"/>rdinated conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds due Novemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>24 shall be<span class=\"_ _1\"/>come immediately du<span class=\"_ _1\"/>e and payable w<span class=\"_ _1\"/>hen the<span class=\"_ _1\"/>re is a change of control event<span class=\"_ _1\"/>. Event<span class=\"_ _1\"/>s of default on<span class=\"_ _6\"/> the senior deb<span class=\"_ _6\"/>t include<span class=\"_ _6\"/> non-pa<span class=\"_ _6\"/>yment, non-comp<span class=\"_ _6\"/>lianc<span class=\"_ _6\"/>e, mis<span class=\"_ _6\"/>representa<span class=\"_ _6\"/>tion, cessation of business, c<span class=\"_ _1\"/>ross<span class=\"_ _6\"/>-default<span class=\"_ _1\"/>, insolven<span class=\"_ _1\"/>cy eve<span class=\"_ _1\"/>nts, cr<span class=\"_ _1\"/>editors\u2019 p<span class=\"_ _1\"/>rocess, enfor<span class=\"_ _1\"/>cement of secur<span class=\"_ _1\"/>ity, illegalit<span class=\"_ _1\"/>y, material adv<span class=\"_ _1\"/>erse chang<span class=\"_ _1\"/>e \u2013 including any event or circumstan<span class=\"_ _1\"/>ce which in the major<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y lender<span class=\"_ _1\"/>s\u2019 reasonable op<span class=\"_ _1\"/>inion has a material adve<span class=\"_ _1\"/>rse ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t on the abilit<span class=\"_ _1\"/>y to per<span class=\"_ _1\"/>form or otherwise com<span class=\"_ _6\"/>ply with the pa<span class=\"_ _6\"/>yment obli<span class=\"_ _6\"/>gations<span class=\"_ _6\"/> under the agreemen<span class=\"_ _6\"/>ts or on the bus<span class=\"_ _6\"/>iness, operations, propert<span class=\"_ _1\"/>y, c<span class=\"_ _7\"/>ondition or prospects of the Group taken a<span class=\"_ _7\"/>s a whole. Event<span class=\"_ _1\"/>s of default on th<span class=\"_ _1\"/>e subordinated conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds due N<span class=\"_ _1\"/>ovember 2<span class=\"_ _1\"/>024 includ<span class=\"_ _1\"/>e failure<span class=\"_ _6\"/> to pay<span class=\"_ _7\"/>, conversion, breac<span class=\"_ _6\"/>h of agr<span class=\"_ _6\"/>eement, cross<span class=\"_ _7\"/>-acc<span class=\"_ _6\"/>eleration, insolvency,<span class=\"_ _6\"/> insolv<span class=\"_ _6\"/>enc<span class=\"_ _1\"/>y proc<span class=\"_ _7\"/>eeding<span class=\"_ _7\"/>s, cred<span class=\"_ _6\"/>it<span class=\"_ _6\"/>ors\u2019<span class=\"_ _7\"/> proce<span class=\"_ _6\"/>ss,<span class=\"_ _6\"/> an<span class=\"_ _6\"/>alog<span class=\"_ _6\"/>ou<span class=\"_ _6\"/>s pr<span class=\"_ _6\"/>oce<span class=\"_ _6\"/>edi<span class=\"_ _6\"/>ng<span class=\"_ _6\"/>s a<span class=\"_ _6\"/>nd c<span class=\"_ _7\"/>essa<span class=\"_ _7\"/>tion o<span class=\"_ _7\"/>f bus<span class=\"_ _7\"/>ines<span class=\"_ _6\"/>s.In the ev<span class=\"_ _1\"/>ent that the company brea<span class=\"_ _1\"/>ches any of the covenant<span class=\"_ _1\"/>s or an event of default be<span class=\"_ _1\"/>comes applicable<span class=\"_ _1\"/>, lende<span class=\"_ _1\"/>rs may require Fu<span class=\"_ _1\"/>gro to immediately an<span class=\"_ _1\"/>d fully prep<span class=\"_ _1\"/>ay the relev<span class=\"_ _1\"/>ant liabilities including re<span class=\"_ _1\"/>lated liabilities subjec<span class=\"_ _1\"/>t to cross-default and<span class=\"_ _1\"/>/or cross<span class=\"_ _6\"/>-acceler<span class=\"_ _1\"/>ation clauses. T<span class=\"_ _1\"/>he carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of such relev<span class=\"_ _1\"/>ant liabilities subjec<span class=\"_ _1\"/>t to covenants within t<span class=\"_ _1\"/>welve m<span class=\"_ _1\"/>onths afte<span class=\"_ _1\"/>r the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting per<span class=\"_ _1\"/>iod is ther<span class=\"_ _1\"/>efore EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>0<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million. Note div<span class=\"_ _1\"/>idend pay<span class=\"_ _1\"/>ments are re<span class=\"_ _1\"/>stric<span class=\"_ _1\"/>ted. D<span class=\"_ _1\"/>ividen<span class=\"_ _1\"/>ds may only be paid if n<span class=\"_ _1\"/>et levera<span class=\"_ _1\"/>ge is equal to or less than 2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0:<span class=\"_ _1\"/>0<span class=\"_ _1\"/>, and distributi<span class=\"_ _1\"/>ons are cappe<span class=\"_ _1\"/>d at 60<span class=\"_ _1\"/>% of net profit<span class=\"_ _1\"/>. Fugro compli<span class=\"_ _1\"/>ed with th<span class=\"_ _1\"/>e covenant requirement<span class=\"_ _1\"/>s in the SFA as of 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. Fugro exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ts to comply wit<span class=\"_ _1\"/>h its covenants in th<span class=\"_ _1\"/>e tw<span class=\"_ _1\"/>elve months af<span class=\"_ _1\"/>ter the re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ting p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d, with ade<span class=\"_ _1\"/>quate headroom.3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>7 <span class=\"_ _181\"> </span><span class=\"ff2 fs3 ls162 ws16f\">Susta<span class=\"_ _1\"/>inabilit<span class=\"_ _1\"/>y-linked KPIs</span>Year ini<span class=\"_ _1\"/>tia<span class=\"_ _1\"/>l Ac<span class=\"_ _1\"/>tua<span class=\"_ _1\"/>l An<span class=\"_ _1\"/>nual t<span class=\"_ _1\"/>arg<span class=\"_ _1\"/>et Sustainabilit<span class=\"_ _1\"/>y-linked KPI\u2019s<span class=\"_ _22d\"> </span><span class=\"ls1b5 ws1b9\">Initial sc<span class=\"_ _6\"/>ore</span>score<span class=\"_ _1d7\"> </span><span class=\"ls216 ws226\">Ta<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ge<span class=\"_ _1\"/>t s<span class=\"_ _1\"/>c<span class=\"_ _1\"/>or<span class=\"_ _1\"/>e</span>scorem<span class=\"_ _1\"/>et<span class=\"_ _1\"/> (y<span class=\"_ _1\"/>es<span class=\"_ _1\"/>/n<span class=\"_ _1\"/>o)2022<span class=\"_ _5d\"> </span>2023<span class=\"_ _5d\"> </span><span class=\"ls13 ws1fb\">2024<span class=\"_ _73\"> </span></span>202<span class=\"_ _1\"/>5<span class=\"_ _61\"> </span><span class=\"ff1\">2<span class=\"_ _1\"/>022<span class=\"_ _5d\"> </span>2022</span>Reduction CO emiss<span class=\"_ _7\"/>ion intens<span class=\"_ _6\"/>ity vessels<span class=\"_ _26e\"> </span><span class=\"ff8 ls2 ws2\">15.8 tonnes C<span class=\"_ _7\"/>O</span>/operational day<span class=\"_ _87\"> </span><span class=\"ls43 ws4b\">2020</span>-5%-10<span class=\"_ _1\"/>%-15<span class=\"_ _1\"/>%-20<span class=\"_ _1\"/>%-13<span class=\"_ _1\"/>%<span class=\"_ _7a\"> </span><span class=\"ls1fd ws20a\">Ye<span class=\"_ _1\"/>s</span>22Gro<span class=\"_ _1\"/>wt<span class=\"_ _1\"/>h in revenue f<span class=\"_ _1\"/>rom rene<span class=\"_ _1\"/>wables m<span class=\"_ _1\"/>arket seg<span class=\"_ _1\"/>ment <span class=\"_ _26f\"> </span><span class=\"ff8\">EUR 351.5 million<span class=\"_ _d1\"> </span>2021<span class=\"_ _1a\"> </span></span>10<span class=\"_ _0\"/>%<span class=\"_ _8d\"> </span>28<span class=\"_ _1\"/>%<span class=\"_ _8d\"> </span>50%<span class=\"_ _60\"> </span><span class=\"ls43 ws4b\">60<span class=\"_ _1\"/>%<span class=\"_ _24\"> </span></span><span class=\"ff8\">+48<span class=\"_ _0\"/>%<span class=\"_ _b1\"> </span><span class=\"ls1fd ws20a\">Ye<span class=\"_ _0\"/>s</span></span>Percen<span class=\"_ _6\"/>tage women in sen<span class=\"_ _6\"/>ior managemen<span class=\"_ _6\"/>t position<span class=\"_ _6\"/>s<span class=\"_ _270\"> </span><span class=\"ff8 ls2 ws2\">15.4<span class=\"_ _1\"/>%<span class=\"_ _8d\"> </span>2<span class=\"_ _1\"/>021<span class=\"_ _ae\"> </span></span>16<span class=\"_ _1\"/>%<span class=\"_ _5d\"> </span>17<span class=\"_ _3\"/>.5<span class=\"_ _0\"/>%<span class=\"_ _60\"> </span>20<span class=\"_ _0\"/>%<span class=\"_ _8d\"> </span><span class=\"ls1e5 ws1eb\">25<span class=\"_ _1\"/>%<span class=\"_ _ae\"> </span></span><span class=\"ff8\">19<span class=\"_ _0\"/>%<span class=\"_ _b1\"> </span><span class=\"ls1fd ws20a\">Ye<span class=\"_ _0\"/>s</span></span>The sustainab<span class=\"_ _1\"/>ility-linked key p<span class=\"_ _1\"/>erf<span class=\"_ _1\"/>ormance indicator<span class=\"_ _1\"/>s are defin<span class=\"_ _1\"/>ed in the Fu<span class=\"_ _1\"/>gro sustainabilit<span class=\"_ _1\"/>y-linked financing f<span class=\"_ _1\"/>ramew<span class=\"_ _1\"/>ork as published on t<span class=\"_ _1\"/>he company<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s website (caption investors / result<span class=\"_ _1\"/>s and publicati<span class=\"_ _1\"/>ons<span class=\"_ _7\"/>). T<span class=\"_ _1\"/>he repo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ing criteria use<span class=\"_ _1\"/>d for the p<span class=\"_ _1\"/>reparat<span class=\"_ _1\"/>ion of the KP<span class=\"_ _1\"/>I\u2019s are the r<span class=\"_ _1\"/>epor<span class=\"_ _1\"/>ting cr<span class=\"_ _1\"/>iteria deve<span class=\"_ _1\"/>lope<span class=\"_ _1\"/>d by Fugro N<span class=\"_ _1\"/>V and are disclosed in s<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>ion 2<span class=\"_ _1\"/>.2 (selec<span class=\"_ _1\"/>tion of key pe<span class=\"_ _1\"/>rfo<span class=\"_ _1\"/>rmance indicator<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) of th<span class=\"_ _1\"/>e frame<span class=\"_ _1\"/>work<span class=\"_ _1\"/>. The init<span class=\"_ _1\"/>ial scores in the tabl<span class=\"_ _1\"/>e above are b<span class=\"_ _1\"/>ased on the p<span class=\"_ _1\"/>erf<span class=\"_ _1\"/>ormance of the G<span class=\"_ _1\"/>roup in respe<span class=\"_ _1\"/>ct of each K<span class=\"_ _1\"/>PI fo<span class=\"_ _1\"/>r the financ<span class=\"_ _1\"/>ial year ende<span class=\"_ _1\"/>d 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>0, 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1 and 20<span class=\"_ _1\"/>21 respe<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>vely. There is no re<span class=\"_ _1\"/>quirement fro<span class=\"_ _1\"/>m the le<span class=\"_ _1\"/>nders t<span class=\"_ _1\"/>hat obliges Fugro to use t<span class=\"_ _1\"/>he bor<span class=\"_ _1\"/>rowing for \u2018green\u2019 p<span class=\"_ _1\"/>rojec<span class=\"_ _1\"/>ts<span class=\"_ _1\"/>. Failure to meet these K<span class=\"_ _1\"/>PIs do<span class=\"_ _1\"/>es not tri<span class=\"_ _1\"/>gger a def<span class=\"_ _1\"/>ault event or an earl<span class=\"_ _1\"/>y repayme<span class=\"_ _1\"/>nt.An interest discount or p<span class=\"_ _1\"/>enalt<span class=\"_ _1\"/>y of bet<span class=\"_ _1\"/>ween 5 b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s point<span class=\"_ _1\"/>s and 1<span class=\"_ _1\"/>0 basis points will be applie<span class=\"_ _1\"/>d on the margin pay<span class=\"_ _1\"/>able on the re<span class=\"_ _1\"/>volving cre<span class=\"_ _1\"/>dit facilit<span class=\"_ _1\"/>y and th<span class=\"_ _1\"/>e term loan b<span class=\"_ _1\"/>ased on the p<span class=\"_ _1\"/>erf<span class=\"_ _1\"/>ormance of Fugro against sp<span class=\"_ _1\"/>ecifi<span class=\"_ _1\"/>ed targe<span class=\"_ _1\"/>ts for thr<span class=\"_ _1\"/>ee key pe<span class=\"_ _1\"/>rfor<span class=\"_ _1\"/>mance indicator<span class=\"_ _1\"/>s:Num<span class=\"_ _1\"/>ber of t<span class=\"_ _1\"/>arge<span class=\"_ _1\"/>ts me<span class=\"_ _1\"/>t<span class=\"_ _42\"> </span><span class=\"ff2 fs36 ls2\">Term l<span class=\"_ _1\"/>oan a<span class=\"_ _1\"/>nd RC<span class=\"_ _1\"/>F</span>0<span class=\"_ _bc\"> </span><span class=\"ff8\">+/+ 10 bps</span>1<span class=\"_ _230\"> </span><span class=\"ff8\">No adjustment</span>2-/- 5 bps3-/- 10 bps31<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls37 ws1fa\">EMP<span class=\"_ _7\"/>LO<span class=\"_ _7\"/>YEE<span class=\"_ _7\"/> BENEFIT<span class=\"_ _7\"/>S</span>Def<span class=\"_ _1\"/>ined contribution plansA defin<span class=\"_ _1\"/>ed contributi<span class=\"_ _1\"/>on plan is a post-employ<span class=\"_ _1\"/>ment benef<span class=\"_ _1\"/>it plan under w<span class=\"_ _1\"/>hich an entit<span class=\"_ _1\"/>y pays f<span class=\"_ _1\"/>ixed contribu<span class=\"_ _1\"/>tions into a separate e<span class=\"_ _1\"/>ntit<span class=\"_ _1\"/>y and will have no legal o<span class=\"_ _1\"/>r construc<span class=\"_ _1\"/>tive obligation<span class=\"_ _6\"/> to pay<span class=\"_ _6\"/> fur<span class=\"_ _1\"/>ther amou<span class=\"_ _6\"/>nts. Obligations<span class=\"_ _6\"/> for con<span class=\"_ _7\"/>tr<span class=\"_ _1\"/>ibution<span class=\"_ _7\"/>s to defined contri<span class=\"_ _6\"/>bution pension p<span class=\"_ _1\"/>lans are recognised as an emp<span class=\"_ _1\"/>loyee b<span class=\"_ _1\"/>enefit ex<span class=\"_ _1\"/>pense in prof<span class=\"_ _1\"/>it or loss in the periods during wh<span class=\"_ _6\"/>ich services are rendered by em<span class=\"_ _6\"/>ployees. Prepaid c<span class=\"_ _6\"/>ontribution<span class=\"_ _7\"/>s are recognise<span class=\"_ _1\"/>d as an asset to the ex<span class=\"_ _1\"/>tent that a cash refund o<span class=\"_ _1\"/>r a reduc<span class=\"_ _1\"/>tion in fut<span class=\"_ _1\"/>ure payme<span class=\"_ _1\"/>nts is available. Co<span class=\"_ _1\"/>ntributio<span class=\"_ _1\"/>ns to a defined contr<span class=\"_ _1\"/>ibution plan t<span class=\"_ _1\"/>hat are due more than t<span class=\"_ _1\"/>welve mo<span class=\"_ _1\"/>nths after t<span class=\"_ _1\"/>he end of the p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d in which the e<span class=\"_ _1\"/>mployees re<span class=\"_ _1\"/>nder the ser<span class=\"_ _1\"/>vice are discounted to t<span class=\"_ _1\"/>heir present v<span class=\"_ _1\"/>alue.Def<span class=\"_ _1\"/>ined benef<span class=\"_ _1\"/>it plansA defin<span class=\"_ _1\"/>ed ben<span class=\"_ _1\"/>efit plan is a post-empl<span class=\"_ _1\"/>oyment be<span class=\"_ _1\"/>nefit plan ot<span class=\"_ _1\"/>her than a def<span class=\"_ _1\"/>ined contributi<span class=\"_ _1\"/>on plan. Th<span class=\"_ _1\"/>e Group\u2019s net obligati<span class=\"_ _1\"/>on in respec<span class=\"_ _1\"/>t of def<span class=\"_ _1\"/>ined ben<span class=\"_ _1\"/>efit pe<span class=\"_ _1\"/>nsion plans is calculated sep<span class=\"_ _1\"/>arately f<span class=\"_ _1\"/>or each plan by est<span class=\"_ _1\"/>imating the amount of fut<span class=\"_ _1\"/>ure benef<span class=\"_ _1\"/>it that emplo<span class=\"_ _1\"/>yees have earne<span class=\"_ _1\"/>d in the curre<span class=\"_ _1\"/>nt and prior p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>ds, discounting that amount and de<span class=\"_ _1\"/>ducting t<span class=\"_ _1\"/>he fair v<span class=\"_ _1\"/>alue of any plan assets. T<span class=\"_ _1\"/>he discount rate is the yi<span class=\"_ _1\"/>eld at the repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ting date on A<span class=\"_ _1\"/>A cre<span class=\"_ _1\"/>dit<span class=\"_ _6\"/>-rated (<span class=\"_ _1\"/>high qualit<span class=\"_ _1\"/>y) corpor<span class=\"_ _1\"/>ate bonds that have matur<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y dates approximat<span class=\"_ _1\"/>ing the terms of th<span class=\"_ _1\"/>e Group\u2019s obligations an<span class=\"_ _1\"/>d that are denominate<span class=\"_ _1\"/>d in the sam<span class=\"_ _1\"/>e currenc<span class=\"_ _1\"/>y in which th<span class=\"_ _1\"/>e benef<span class=\"_ _1\"/>its are ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted to b<span class=\"_ _1\"/>e paid. Th<span class=\"_ _1\"/>e calculation is per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>med by qualif<span class=\"_ _1\"/>ied indep<span class=\"_ _1\"/>endent ac<span class=\"_ _1\"/>tuari<span class=\"_ _1\"/>es using the projec<span class=\"_ _1\"/>ted unit cr<span class=\"_ _1\"/>edit metho<span class=\"_ _1\"/>d. Wh<span class=\"_ _1\"/>en the calculat<span class=\"_ _1\"/>ion results in a pote<span class=\"_ _1\"/>ntial asset for the G<span class=\"_ _1\"/>roup, the re<span class=\"_ _1\"/>cognised asset is limited to the p<span class=\"_ _1\"/>resent value of e<span class=\"_ _1\"/>conomic be<span class=\"_ _1\"/>nefit<span class=\"_ _1\"/>s available in the f<span class=\"_ _1\"/>orm of any futur<span class=\"_ _1\"/>e refunds f<span class=\"_ _1\"/>rom the plan or r<span class=\"_ _1\"/>educ<span class=\"_ _1\"/>tions in future contr<span class=\"_ _1\"/>ibutions to the p<span class=\"_ _1\"/>lan. In orde<span class=\"_ _1\"/>r to calculate the p<span class=\"_ _1\"/>resent value of e<span class=\"_ _1\"/>conomic be<span class=\"_ _1\"/>nefit<span class=\"_ _1\"/>s, consider<span class=\"_ _1\"/>ation is given to any minimum funding re<span class=\"_ _1\"/>quirement<span class=\"_ _1\"/>s that apply to any plan in th<span class=\"_ _1\"/>e Group. A<span class=\"_ _1\"/>n economic b<span class=\"_ _1\"/>enef<span class=\"_ _1\"/>it is available to t<span class=\"_ _1\"/>he Group if it is realisable dur<span class=\"_ _1\"/>ing the life of the p<span class=\"_ _1\"/>lan, or on set<span class=\"_ _1\"/>tle<span class=\"_ _1\"/>ment of the plan liabilit<span class=\"_ _1\"/>ies.Ac<span class=\"_ _1\"/>tuarial gains and losses ar<span class=\"_ _1\"/>ising from exp<span class=\"_ _1\"/>erien<span class=\"_ _1\"/>ce adjustments and c<span class=\"_ _1\"/>hanges in ac<span class=\"_ _1\"/>tuarial assumptions are charge<span class=\"_ _1\"/>d or credite<span class=\"_ _1\"/>d to equit<span class=\"_ _1\"/>y in other compr<span class=\"_ _1\"/>ehensive income in the per<span class=\"_ _1\"/>iod in which t<span class=\"_ _1\"/>hey arise. P<span class=\"_ _1\"/>ast<span class=\"_ _6\"/>-ser<span class=\"_ _1\"/>vice costs are re<span class=\"_ _1\"/>cognised imme<span class=\"_ _1\"/>diately in profit o<span class=\"_ _1\"/>r loss. Employee c<span class=\"_ _7\"/>ontributions for wh<span class=\"_ _6\"/>ich the amou<span class=\"_ _6\"/>nt i<span class=\"_ _6\"/>s independent o<span class=\"_ _6\"/>f the nu<span class=\"_ _6\"/>mber of years of se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vice are recognise<span class=\"_ _1\"/>d as a reduc<span class=\"_ _1\"/>tion of th<span class=\"_ _1\"/>e ser<span class=\"_ _1\"/>vice costs in th<span class=\"_ _1\"/>e peri<span class=\"_ _1\"/>od in which the re<span class=\"_ _1\"/>lated ser<span class=\"_ _1\"/>vices are re<span class=\"_ _1\"/>ndere<span class=\"_ _1\"/>d.Wh<span class=\"_ _1\"/>en the be<span class=\"_ _1\"/>nefit<span class=\"_ _1\"/>s of a plan are change<span class=\"_ _1\"/>d or when a plan is cur<span class=\"_ _1\"/>tail<span class=\"_ _1\"/>ed, th<span class=\"_ _1\"/>en resulting change in b<span class=\"_ _1\"/>enefit<span class=\"_ _1\"/>s that relates to past se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vice or the gain or l<span class=\"_ _1\"/>oss on curt<span class=\"_ _1\"/>ailment is recognise<span class=\"_ _1\"/>d immediately in p<span class=\"_ _1\"/>rofit or loss<span class=\"_ _1\"/>. The Gr<span class=\"_ _1\"/>oup recognises gains and losses o<span class=\"_ _1\"/>n the set<span class=\"_ _1\"/>tlement of a def<span class=\"_ _1\"/>ined b<span class=\"_ _1\"/>enefi<span class=\"_ _1\"/>t plan when th<span class=\"_ _1\"/>e sett<span class=\"_ _1\"/>lement occurs<span class=\"_ _1\"/>.Other long-<span class=\"_ _7\"/>term employee<span class=\"_ _6\"/> benefitsThe G<span class=\"_ _1\"/>roup\u2019s net obligatio<span class=\"_ _1\"/>n in respec<span class=\"_ _1\"/>t of long-term empl<span class=\"_ _1\"/>oyee be<span class=\"_ _1\"/>nefit<span class=\"_ _1\"/>s, oth<span class=\"_ _1\"/>er than pension p<span class=\"_ _1\"/>lans, is the amount of fut<span class=\"_ _1\"/>ure benef<span class=\"_ _1\"/>it that emplo<span class=\"_ _1\"/>yees have earne<span class=\"_ _1\"/>d in return fo<span class=\"_ _1\"/>r their se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vice in the curre<span class=\"_ _1\"/>nt and prior p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>ds; that benef<span class=\"_ _1\"/>it is discounted to determine it<span class=\"_ _1\"/>s present v<span class=\"_ _1\"/>alue, and th<span class=\"_ _1\"/>e fair value of any asset<span class=\"_ _1\"/>s is deduc<span class=\"_ _1\"/>ted. A<span class=\"_ _1\"/>t the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date, the discount rate is determin<span class=\"_ _1\"/>ed by refere<span class=\"_ _1\"/>nce to the yie<span class=\"_ _1\"/>ld on A<span class=\"_ _1\"/>A cre<span class=\"_ _1\"/>dit<span class=\"_ _6\"/>-rated cor<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ate bon<span class=\"_ _1\"/>ds that have maturit<span class=\"_ _1\"/>y dates approximating t<span class=\"_ _1\"/>he terms of the G<span class=\"_ _1\"/>roup\u2019s obligations and that are den<span class=\"_ _1\"/>ominated in the sam<span class=\"_ _1\"/>e currenc<span class=\"_ _1\"/>y in which th<span class=\"_ _1\"/>e benef<span class=\"_ _1\"/>its are e<span class=\"_ _1\"/>xpec<span class=\"_ _1\"/>ted to b<span class=\"_ _1\"/>e paid. T<span class=\"_ _1\"/>he ac<span class=\"_ _1\"/>tuarial calculati<span class=\"_ _1\"/>ons are per<span class=\"_ _1\"/>form<span class=\"_ _1\"/>ed using the proj<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d unit credit me<span class=\"_ _1\"/>thod. Any ac<span class=\"_ _1\"/>tuarial gains or l<span class=\"_ _1\"/>osses are recognise<span class=\"_ _1\"/>d in profit or loss in t<span class=\"_ _1\"/>he peri<span class=\"_ _1\"/>od in which th<span class=\"_ _1\"/>ey aris<span class=\"_ _1\"/>e.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Net d<span class=\"_ _1\"/>efine<span class=\"_ _1\"/>d benef<span class=\"_ _1\"/>it asset<span class=\"_ _271\"> </span>(21,333)<span class=\"_ _d0\"> </span><span class=\"ff8 fc14\">(22,796)</span>Total emp<span class=\"_ _1\"/>loyee b<span class=\"_ _1\"/>ene<span class=\"_ _1\"/>fi<span class=\"_ _1\"/>t asset<span class=\"_ _272\"> </span>(21,333)<span class=\"_ _9f\"> </span><span class=\"fc14\">(22,796)</span>Net defined benefit obligation<span class=\"_ _12b\"> </span><span class=\"ls2 ws2\">8,25<span class=\"_ _1\"/>6<span class=\"_ _a1\"> </span><span class=\"ff8 fc14\">22,2<span class=\"_ _1\"/>72</span></span>Liability for long-<span class=\"_ _7\"/>ser<span class=\"_ _1\"/>vice leave <span class=\"_ _1fb\"> </span><span class=\"ls2 ws2\">28,621<span class=\"_ _65\"> </span><span class=\"ff8 fc14\">25,902</span></span>Total emp<span class=\"_ _1\"/>loyee b<span class=\"_ _1\"/>ene<span class=\"_ _1\"/>fi<span class=\"_ _1\"/>t liabi<span class=\"_ _1\"/>liti<span class=\"_ _1\"/>es <span class=\"_ _227\"> </span>36,87<span class=\"_ _1\"/>7<span class=\"_ _6e\"> </span><span class=\"fc14\">48,17<span class=\"_ _7\"/>4</span>The G<span class=\"_ _1\"/>roup makes contributi<span class=\"_ _1\"/>ons to a number of pension p<span class=\"_ _1\"/>lans, both d<span class=\"_ _1\"/>efine<span class=\"_ _1\"/>d benef<span class=\"_ _1\"/>it plans as well as defin<span class=\"_ _1\"/>ed contributi<span class=\"_ _1\"/>on plans, that prov<span class=\"_ _1\"/>ide pe<span class=\"_ _1\"/>nsion benef<span class=\"_ _1\"/>its for e<span class=\"_ _1\"/>mployees up<span class=\"_ _1\"/>on retirem<span class=\"_ _1\"/>ent in a number of countries<span class=\"_ _1\"/>. The ret<span class=\"_ _1\"/>irement age is in line wit<span class=\"_ _1\"/>h the provisions in th<span class=\"_ _1\"/>e diff<span class=\"_ _1\"/>erent plans. T<span class=\"_ _1\"/>he most impor<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ant plans relate to plans in the Net<span class=\"_ _1\"/>herlands<span class=\"_ _1\"/>, United King<span class=\"_ _1\"/>dom and the U<span class=\"_ _1\"/>nited States<span class=\"_ _1\"/>. Details of thes<span class=\"_ _1\"/>e plans are as follows: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>In the N<span class=\"_ _1\"/>ether<span class=\"_ _1\"/>lands, the G<span class=\"_ _1\"/>roup provi<span class=\"_ _1\"/>ded a pe<span class=\"_ _1\"/>nsion plan based on aver<span class=\"_ _1\"/>age salar<span class=\"_ _1\"/>y. This plan qualifi<span class=\"_ _1\"/>ed as a defin<span class=\"_ _1\"/>ed ben<span class=\"_ _1\"/>efit sche<span class=\"_ _1\"/>me. The p<span class=\"_ _1\"/>ension entitl<span class=\"_ _1\"/>ements f<span class=\"_ _1\"/>rom this plan are insured with an insuran<span class=\"_ _1\"/>ce company that guarantees t<span class=\"_ _1\"/>he accrue<span class=\"_ _1\"/>d pension entitle<span class=\"_ _1\"/>ments<span class=\"_ _1\"/>. Since 201<span class=\"_ _1\"/>8<span class=\"_ _1\"/>, this pension p<span class=\"_ _1\"/>lan has been ter<span class=\"_ _1\"/>minated and has be<span class=\"_ _1\"/>en replace<span class=\"_ _1\"/>d by a new plan pe<span class=\"_ _1\"/>nsion plan, qualif<span class=\"_ _1\"/>ied as a defin<span class=\"_ _1\"/>ed contributi<span class=\"_ _1\"/>on scheme<span class=\"_ _1\"/>, that is applicabl<span class=\"_ _1\"/>e as of 201<span class=\"_ _1\"/>9. The accrue<span class=\"_ _1\"/>d pension e<span class=\"_ _1\"/>ntitlement<span class=\"_ _1\"/>s up to 20<span class=\"_ _1\"/>18 remain<span class=\"_ _1\"/>ed at the ins<span class=\"_ _7\"/>urer and indexation<span class=\"_ _6\"/> is pro<span class=\"_ _6\"/>vided to these ac<span class=\"_ _7\"/>cr<span class=\"_ _1\"/>ued pension<span class=\"_ _6\"/> entitlemen<span class=\"_ _6\"/>ts for active par<span class=\"_ _1\"/>ticipants<span class=\"_ _1\"/>. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>In the U<span class=\"_ _1\"/>nited Kin<span class=\"_ _1\"/>gdom (<span class=\"_ _1\"/>UK<span class=\"_ _1\"/>) th<span class=\"_ _1\"/>e Group op<span class=\"_ _1\"/>erates t<span class=\"_ _1\"/>wo def<span class=\"_ _1\"/>ined b<span class=\"_ _1\"/>enefit p<span class=\"_ _1\"/>ension schem<span class=\"_ _1\"/>es. Fo<span class=\"_ _1\"/>r Fugro Ho<span class=\"_ _1\"/>ldings (FH<span class=\"_ _1\"/>), the company op<span class=\"_ _1\"/>erates a f<span class=\"_ _1\"/>inal salar<span class=\"_ _1\"/>y defin<span class=\"_ _1\"/>ed ben<span class=\"_ _1\"/>efit pension sc<span class=\"_ _1\"/>heme. T<span class=\"_ _1\"/>he schem<span class=\"_ _1\"/>e is an HMRC r<span class=\"_ _1\"/>egistere<span class=\"_ _1\"/>d pension sche<span class=\"_ _1\"/>me and is subjec<span class=\"_ _1\"/>t to standard U<span class=\"_ _1\"/>K pensio<span class=\"_ _1\"/>ns and tax law. Th<span class=\"_ _1\"/>e Rober<span class=\"_ _1\"/>t<span class=\"_ _1\"/>son Researc<span class=\"_ _1\"/>h International G<span class=\"_ _1\"/>roup Pension Sch<span class=\"_ _1\"/>eme (R<span class=\"_ _1\"/>RI<span class=\"_ _1\"/>) is a funde<span class=\"_ _1\"/>d, defin<span class=\"_ _1\"/>ed ben<span class=\"_ _1\"/>efit pe<span class=\"_ _1\"/>nsion plan. The p<span class=\"_ _1\"/>ension sche<span class=\"_ _1\"/>mes have bee<span class=\"_ _1\"/>n closed in pre<span class=\"_ _1\"/>vious years f<span class=\"_ _1\"/>or new par<span class=\"_ _1\"/>tic<span class=\"_ _1\"/>ipants but includ<span class=\"_ _1\"/>e the on-go<span class=\"_ _1\"/>ing obligation<span class=\"_ _7\"/>s to their members (b<span class=\"_ _1\"/>oth former a<span class=\"_ _6\"/>nd presen<span class=\"_ _6\"/>t employees<span class=\"_ _7\"/>). The pension<span class=\"_ _6\"/> schem<span class=\"_ _1\"/>es assets are hel<span class=\"_ _1\"/>d in separate Trustee-administere<span class=\"_ _1\"/>d funds. T<span class=\"_ _1\"/>he schemes in<span class=\"_ _1\"/>clude indexat<span class=\"_ _1\"/>ion in line with R<span class=\"_ _1\"/>PI<span class=\"_ _1\"/>. The valuat<span class=\"_ _1\"/>ion of both t<span class=\"_ _1\"/>he FH and th<span class=\"_ _1\"/>e RR<span class=\"_ _1\"/>I scheme resulted in a net def<span class=\"_ _1\"/>ined be<span class=\"_ _1\"/>nefit asset as pe<span class=\"_ _1\"/>r 31 De<span class=\"_ _1\"/>cember 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>In the U<span class=\"_ _1\"/>nited States of Am<span class=\"_ _1\"/>erica (<span class=\"_ _1\"/>USA<span class=\"_ _1\"/>) the Gro<span class=\"_ _1\"/>up oper<span class=\"_ _1\"/>ates a 40<span class=\"_ _1\"/>1K plan f<span class=\"_ _1\"/>or its employe<span class=\"_ _1\"/>es. T<span class=\"_ _1\"/>he Group contrib<span class=\"_ _1\"/>utes towards the d<span class=\"_ _1\"/>eposits of it<span class=\"_ _1\"/>s employe<span class=\"_ _1\"/>es in accordance with agre<span class=\"_ _1\"/>ed rul<span class=\"_ _1\"/>es and taking into account the re<span class=\"_ _1\"/>gulations of the Inte<span class=\"_ _1\"/>rnal Revenue S<span class=\"_ _1\"/>er<span class=\"_ _1\"/>vice (I<span class=\"_ _1\"/>RS), th<span class=\"_ _1\"/>e US tax aut<span class=\"_ _1\"/>horit<span class=\"_ _1\"/>y. This plan qualifies as a def<span class=\"_ _1\"/>ined contri<span class=\"_ _6\"/>bution plan.The d<span class=\"_ _1\"/>efined b<span class=\"_ _1\"/>enef<span class=\"_ _1\"/>it obligation an<span class=\"_ _1\"/>d fair value of plan asset<span class=\"_ _1\"/>s are spe<span class=\"_ _1\"/>cified as fo<span class=\"_ _1\"/>llows:202220222022202120212021(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)RRI pl<span class=\"_ _6\"/>anOtherT<span class=\"_ _6\"/>otalRRI pl<span class=\"_ _6\"/>anOtherT<span class=\"_ _6\"/>otalPrese<span class=\"_ _1\"/>nt value of f<span class=\"_ _1\"/>unded obligation<span class=\"_ _6\"/>s<span class=\"_ _273\"> </span>48,2<span class=\"_ _1\"/>33<span class=\"_ _17f\"> </span>263,784<span class=\"_ _12\"> </span>312,017<span class=\"_ _10b\"> </span><span class=\"ff8 fc14\">70,499<span class=\"_ _15\"> </span>431,444<span class=\"_ _9\"> </span>501,9<span class=\"_ _1\"/>43</span>Fair valu<span class=\"_ _1\"/>e of plan assets<span class=\"_ _a0\"> </span>(62,835)<span class=\"_ _17e\"> </span>(262,<span class=\"_ _1\"/>259)<span class=\"_ _58\"> </span>(325,09<span class=\"_ _1\"/>4)<span class=\"_ _33\"> </span><span class=\"ff8 fc14\">(93,2<span class=\"_ _1\"/>95)<span class=\"_ _5a\"> </span>(409,<span class=\"_ _7\"/>172)<span class=\"_ _178\"> </span>(502,467)</span>Ne<span class=\"_ _1\"/>t def<span class=\"_ _1\"/>ine<span class=\"_ _1\"/>d ben<span class=\"_ _1\"/>efi<span class=\"_ _1\"/>t obligati<span class=\"_ _1\"/>on (<span class=\"_ _7\"/>asset)<span class=\"_ _ed\"> </span>(14,602)<span class=\"_ _9f\"> </span>1,525<span class=\"_ _f3\"> </span>(13,077<span class=\"_ _1\"/>)<span class=\"_ _33\"> </span><span class=\"fc14\">(22,796)<span class=\"_ _17a\"> </span>22,272<span class=\"_ _6f\"> </span>(524)</span>The m<span class=\"_ _1\"/>ovements in th<span class=\"_ _1\"/>e present valu<span class=\"_ _1\"/>e of the funde<span class=\"_ _1\"/>d obligatio<span class=\"_ _1\"/>ns and fair value of p<span class=\"_ _1\"/>lan asset<span class=\"_ _1\"/>s consist of the f<span class=\"_ _1\"/>ollowin<span class=\"_ _1\"/>g:2022<span class=\"_ _53\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span>Net liabilit<span class=\"_ _1\"/>y Net liabilit<span class=\"_ _1\"/>y (E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _274\"> </span><span class=\"ff2 fs36 ls1b5 ws1b9\">Obligation<span class=\"_ _35\"> </span><span class=\"ls19e ws19e\">Plan assets</span></span>(<span class=\"_ _6\"/>asset)<span class=\"_ _59\"> </span><span class=\"ls1b5 ws1b9\">Ob<span class=\"_ _1\"/>ligation<span class=\"_ _32\"> </span></span>Plan assets(<span class=\"_ _6\"/>asset)Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y<span class=\"_ _275\"> </span>501,943<span class=\"_ _e3\"> </span>(5<span class=\"_ _1\"/>02,<span class=\"_ _6\"/>467)<span class=\"_ _87\"> </span>(524)<span class=\"_ _a0\"> </span><span class=\"ff8 fc14\">542,2<span class=\"_ _1\"/>34<span class=\"_ _e5\"> </span>(494,853)<span class=\"_ _9b\"> </span>47<span class=\"_ _7\"/>,381</span>Plan ame<span class=\"_ _1\"/>ndment<span class=\"_ _1\"/>s and cur<span class=\"_ _1\"/>tailme<span class=\"_ _1\"/>nts (<span class=\"_ _1\"/>past ser<span class=\"_ _1\"/>vi<span class=\"_ _1\"/>ce cost)<span class=\"_ _276\"> </span>(5,568)<span class=\"_ _24\"> </span>6,937<span class=\"_ _89\"> </span>1,369--<span class=\"_ _26d\"> </span>-Interes<span class=\"_ _1\"/>t expe<span class=\"_ _1\"/>nse / (income)<span class=\"_ _ca\"> </span>7<span class=\"_ _3\"/>,358<span class=\"_ _21\"> </span>(<span class=\"_ _1\"/>7<span class=\"_ _3\"/>,607)<span class=\"_ _70\"> </span>(249)<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">4,920<span class=\"_ _6e\"> </span>(4,502)<span class=\"_ _ae\"> </span>418</span>Inc<span class=\"_ _1\"/>lude<span class=\"_ _1\"/>d in pr<span class=\"_ _1\"/>ofi<span class=\"_ _1\"/>t or loss (<span class=\"_ _1\"/>pe<span class=\"_ _1\"/>rson<span class=\"_ _1\"/>nel exp<span class=\"_ _1\"/>ense)<span class=\"_ _277\"> </span>1,790<span class=\"_ _d1\"> </span>(670)<span class=\"_ _5d\"> </span>1,<span class=\"_ _7\"/>120<span class=\"_ _61\"> </span><span class=\"fc14\">4,920<span class=\"_ _84\"> </span>(4,502)<span class=\"_ _ae\"> </span>418</span>Ac<span class=\"_ _1\"/>tuarial losses / (<span class=\"_ _1\"/>gains<span class=\"_ _7\"/>):<span class=\"_ _278\"> </span>(170,994)<span class=\"_ _39\"> </span>167<span class=\"_ _7\"/>,699<span class=\"_ _22\"> </span>(3,295)<span class=\"_ _17c\"> </span><span class=\"ff8 fc14\">(53,498)<span class=\"_ _b4\"> </span>15,497<span class=\"_ _b3\"> </span>(38,0<span class=\"_ _1\"/>01)</span> <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>(Gain)/l<span class=\"_ _1\"/>oss from chan<span class=\"_ _1\"/>ge in demo<span class=\"_ _1\"/>graph<span class=\"_ _1\"/>ic assumptions<span class=\"_ _22d\"> </span>2,241-2,241<span class=\"_ _20\"> </span><span class=\"ff8 fc14\">(1,563)</span>-(1,563) <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>(Gain)/l<span class=\"_ _1\"/>oss from chan<span class=\"_ _1\"/>ge in finan<span class=\"_ _1\"/>cial assumptions<span class=\"_ _276\"> </span>(180,728)<span class=\"_ _39\"> </span>167<span class=\"_ _7\"/>,699<span class=\"_ _c0\"> </span>(13,029)<span class=\"_ _d0\"> </span><span class=\"ff8 fc14\">(53,079)<span class=\"_ _9b\"> </span>15,497<span class=\"_ _37\"> </span>(37<span class=\"_ _7\"/>,582)</span> <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Exp<span class=\"_ _1\"/>erience<span class=\"_ _6\"/> (<span class=\"_ _1\"/>gain<span class=\"_ _7\"/>s)/losses<span class=\"_ _279\"> </span><span class=\"ls2 ws2\">7<span class=\"_ _7\"/>,493</span>-7<span class=\"_ _7\"/>,493<span class=\"_ _6b\"> </span><span class=\"ff8 fc14\">1,144</span>-1,<span class=\"_ _6\"/>144E<span class=\"_ _1\"/>xchange r<span class=\"_ _1\"/>ate diffe<span class=\"_ _1\"/>rences<span class=\"_ _27a\"> </span>(9,881)<span class=\"_ _21f\"> </span>11,052<span class=\"_ _e0\"> </span>1,<span class=\"_ _7\"/>17<span class=\"_ _1\"/>1<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">18,495<span class=\"_ _6f\"> </span>(16,736)<span class=\"_ _61\"> </span>1,759</span>Inc<span class=\"_ _1\"/>lude<span class=\"_ _1\"/>d in oth<span class=\"_ _1\"/>er com<span class=\"_ _1\"/>preh<span class=\"_ _1\"/>ensi<span class=\"_ _1\"/>ve incom<span class=\"_ _1\"/>e<span class=\"_ _27b\"> </span>(180,875)<span class=\"_ _f9\"> </span>178,751<span class=\"_ _21\"> </span>(2,124)<span class=\"_ _a0\"> </span><span class=\"fc14\">(35,003)<span class=\"_ _b4\"> </span>(1,<span class=\"_ _1\"/>239)<span class=\"_ _26d\"> </span>(3<span class=\"_ _1\"/>6,242)</span>Paid b<span class=\"_ _1\"/>y the empl<span class=\"_ _1\"/>oyer-(11,514)<span class=\"_ _b4\"> </span>(11,514)- <span class=\"_ _b3\"> </span>(12,081)<span class=\"_ _fa\"> </span>(12,081)Paid by plan par<span class=\"_ _1\"/>ticip<span class=\"_ _1\"/>ants-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">-</span>--Ben<span class=\"_ _1\"/>efit<span class=\"_ _1\"/>s paid by th<span class=\"_ _1\"/>e plan<span class=\"_ _27c\"> </span>(10,841)<span class=\"_ _f2\"> </span>10,80<span class=\"_ _1\"/>6<span class=\"_ _f5\"> </span>(35)<span class=\"_ _2b\"> </span><span class=\"ff8 fc14\">(10,208)<span class=\"_ _f2\"> </span>10,<span class=\"_ _1\"/>208</span>-Other<span class=\"_ _144\"> </span>(10,841)<span class=\"_ _5d\"> </span>(708)<span class=\"_ _17b\"> </span>(11,549)<span class=\"_ _3a\"> </span><span class=\"fc14\">(10,208)<span class=\"_ _65\"> </span>(1,873)<span class=\"_ _f9\"> </span>(12,081)</span>Pre<span class=\"_ _1\"/>sent va<span class=\"_ _1\"/>lue of t<span class=\"_ _1\"/>he fun<span class=\"_ _1\"/>ded o<span class=\"_ _1\"/>blig<span class=\"_ _1\"/>atio<span class=\"_ _1\"/>n at 31 D<span class=\"_ _1\"/>ecem<span class=\"_ _1\"/>ber<span class=\"_ _20b\"> </span>312,017<span class=\"_ _120\"> </span>(325,09<span class=\"_ _1\"/>4)<span class=\"_ _39\"> </span>(13,07<span class=\"_ _1\"/>7)<span class=\"_ _a0\"> </span><span class=\"fc14\">5<span class=\"_ _1\"/>01,943<span class=\"_ _e5\"> </span>(502,467<span class=\"_ _1\"/>)<span class=\"_ _73\"> </span>(524)</span>The following remea<span class=\"_ _7\"/>surements were recogni<span class=\"_ _7\"/>se<span class=\"_ _1\"/>d di<span class=\"_ _7\"/>re<span class=\"_ _1\"/>ctly in other c<span class=\"_ _7\"/>omprehensive inc<span class=\"_ _7\"/>ome:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span>2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span>Cumulative<span class=\"_ _6\"/> amount at 1<span class=\"_ _6\"/> Januar<span class=\"_ _1\"/>y<span class=\"_ _257\"> </span>(35,<span class=\"_ _6\"/>165)<span class=\"_ _9f\"> </span>(69,390Remeasu<span class=\"_ _6\"/>rements:<span class=\"_ _64\"> </span>4,7<span class=\"_ _7\"/>4<span class=\"_ _1\"/>5<span class=\"_ _65\"> </span><span class=\"ff8 fc14\">34,225</span> <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Reco<span class=\"_ _1\"/>gnised durin<span class=\"_ _1\"/>g the year<span class=\"_ _27d\"> </span><span class=\"ls43 ws4b\">3,295<span class=\"_ _21f\"> </span></span><span class=\"ff8 fc14\">38,001</span> <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of moveme<span class=\"_ _1\"/>nt in exchange r<span class=\"_ _1\"/>ates<span class=\"_ _27e\"> </span><span class=\"ls1e1 ws1e7\">1,4<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0<span class=\"_ _24\"> </span></span>(3,7<span class=\"_ _1\"/>76)Cumul<span class=\"_ _1\"/>ative am<span class=\"_ _1\"/>ount a<span class=\"_ _1\"/>t 31 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _27f\"> </span>(30,420)<span class=\"_ _39\"> </span>(35,165The a<span class=\"_ _1\"/>ctuarial g<span class=\"_ _1\"/>ain net of tax re<span class=\"_ _1\"/>cognised in othe<span class=\"_ _1\"/>r comprehensive income am<span class=\"_ _1\"/>ounts to EU<span class=\"_ _1\"/>R 2,<span class=\"_ _1\"/>4<span class=\"_ _1\"/>60 th<span class=\"_ _1\"/>ousand (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 3<span class=\"_ _1\"/>1,<span class=\"_ _1\"/>6<span class=\"_ _1\"/>01 thousan<span class=\"_ _1\"/>d), af<span class=\"_ _1\"/>ter income t<span class=\"_ _1\"/>ax reco<span class=\"_ _1\"/>gnised of EUR 8<span class=\"_ _1\"/>3<span class=\"_ _1\"/>5 thousand (<span class=\"_ _6\"/>202<span class=\"_ _1\"/>1: EUR 6<span class=\"_ _1\"/>,4<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 thous<span class=\"_ _6\"/>and). Actuar<span class=\"_ _1\"/>ial assumptionsPrinc<span class=\"_ _1\"/>ipal actuar<span class=\"_ _1\"/>ial assumptions at the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date (<span class=\"_ _6\"/>express<span class=\"_ _1\"/>ed as a range of w<span class=\"_ _1\"/>eighted averag<span class=\"_ _1\"/>es<span class=\"_ _7\"/>):2022<span class=\"_ _9a\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span>UK<span class=\"_ _58\"> </span><span class=\"ls12b ws13a\">Nethe<span class=\"_ _1\"/>rlands<span class=\"_ _1b\"> </span></span>UK<span class=\"_ _178\"> </span><span class=\"ls12b ws13a\">Netherlan<span class=\"_ _1\"/>ds</span>Discount rate at 31 D<span class=\"_ _1\"/>ecemb<span class=\"_ _1\"/>er<span class=\"_ _116\"> </span>4.85<span class=\"_ _1\"/>%<span class=\"_ _84\"> </span>3.60<span class=\"_ _1\"/>%<span class=\"_ _21\"> </span>1.93<span class=\"_ _1\"/>%<span class=\"_ _5d\"> </span>1.<span class=\"_ _7\"/>10<span class=\"_ _0\"/>%Future salar<span class=\"_ _1\"/>y increases<span class=\"_ _280\"> </span>0.0<span class=\"_ _1\"/>%<span class=\"_ _70\"> </span>0.0<span class=\"_ _1\"/>%<span class=\"_ _7c\"> </span>0.0<span class=\"_ _0\"/>%<span class=\"_ _7c\"> </span>0.0<span class=\"_ _0\"/>%Future pen<span class=\"_ _6\"/>sion inc<span class=\"_ _6\"/>reases<span class=\"_ _dd\"> </span>1.54<span class=\"_ _1\"/>%<span class=\"_ _70\"> </span>0.0<span class=\"_ _1\"/>%<span class=\"_ _5d\"> </span>1.51<span class=\"_ _0\"/>%<span class=\"_ _7c\"> </span>0.0<span class=\"_ _1\"/>%The f<span class=\"_ _1\"/>inancial ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of dif<span class=\"_ _1\"/>ferences be<span class=\"_ _1\"/>twe<span class=\"_ _1\"/>en the ac<span class=\"_ _1\"/>tuarial assumptions an<span class=\"_ _1\"/>d actuals fo<span class=\"_ _1\"/>r the pension liab<span class=\"_ _1\"/>ility and p<span class=\"_ _1\"/>lan assets are includ<span class=\"_ _1\"/>ed in the rem<span class=\"_ _1\"/>easurements<span class=\"_ _1\"/>. For t<span class=\"_ _1\"/>he Neth<span class=\"_ _1\"/>erlandslife exp<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>anc<span class=\"_ _1\"/>y assumptions are derive<span class=\"_ _1\"/>d from th<span class=\"_ _1\"/>e Projec<span class=\"_ _1\"/>tio<span class=\"_ _1\"/>ns Life T<span class=\"_ _6\"/>able AG2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 from t<span class=\"_ _1\"/>he Royal D<span class=\"_ _1\"/>utch Ac<span class=\"_ _1\"/>tuarial A<span class=\"_ _1\"/>ssociati<span class=\"_ _1\"/>on. Th<span class=\"_ _1\"/>e mor<span class=\"_ _1\"/>talit<span class=\"_ _1\"/>y table is adjuste<span class=\"_ _1\"/>d to tailor th<span class=\"_ _1\"/>e mor<span class=\"_ _1\"/>talit<span class=\"_ _1\"/>y figur<span class=\"_ _1\"/>es to the insured pop<span class=\"_ _1\"/>ulation by apply<span class=\"_ _1\"/>ing the exp<span class=\"_ _1\"/>erie<span class=\"_ _1\"/>nce fac<span class=\"_ _1\"/>tors fro<span class=\"_ _1\"/>m the \u2018Centr<span class=\"_ _1\"/>um voor V<span class=\"_ _6\"/>erzekeringsstati<span class=\"_ _7\"/>stiek<span class=\"_ _1\"/>\u2019: the so-cal<span class=\"_ _6\"/>led ES-P<span class=\"_ _1\"/>2 factors<span class=\"_ _1\"/>. For the United Kingdom, the mo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>alit<span class=\"_ _1\"/>y basis adopted is the st<span class=\"_ _1\"/>andard tabl<span class=\"_ _1\"/>e S3P<span class=\"_ _1\"/>x<span class=\"_ _0\"/>A with futur<span class=\"_ _1\"/>e improvement<span class=\"_ _1\"/>s in line with th<span class=\"_ _1\"/>e Continuous Mor<span class=\"_ _1\"/>t<span class=\"_ _1\"/>alit<span class=\"_ _1\"/>y Investigation\u2019s 20<span class=\"_ _1\"/>21 proj<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>ion mod<span class=\"_ _1\"/>el with a lon<span class=\"_ _1\"/>g term improveme<span class=\"_ _1\"/>nt rate of 1.<span class=\"_ _1\"/>2<span class=\"_ _1\"/>5% p<span class=\"_ _1\"/>er annum for all memb<span class=\"_ _1\"/>ers<span class=\"_ _1\"/>.The se<span class=\"_ _1\"/>nsitivit<span class=\"_ _1\"/>y of the def<span class=\"_ _1\"/>ined b<span class=\"_ _1\"/>enefit ob<span class=\"_ _1\"/>ligation to chang<span class=\"_ _1\"/>es in the weighte<span class=\"_ _1\"/>d principal assumpt<span class=\"_ _1\"/>ions is<span class=\"_ _1\"/>:Impact on defined<span class=\"_ _6\"/> benefit obligationCha<span class=\"_ _1\"/>nge i<span class=\"_ _1\"/>n assumptio<span class=\"_ _1\"/>n<span class=\"_ _f2\"> </span><span class=\"ls19e ws19e\">I<span class=\"_ _1\"/>ncrease in<span class=\"_ _6\"/> assumption<span class=\"_ _2b\"> </span>D<span class=\"_ _1\"/>ecrease in assumption</span>Discount r<span class=\"_ _1\"/>ate<span class=\"_ _10a\"> </span><span class=\"ff8\">0.50<span class=\"_ _0\"/>%<span class=\"_ _ed\"> </span>Decrease by 7<span class=\"_ _3\"/>.1<span class=\"_ _1\"/>%<span class=\"_ _22f\"> </span>Increase by 8.1<span class=\"_ _1\"/>%</span>Salar<span class=\"_ _1\"/>y gro<span class=\"_ _1\"/>wt<span class=\"_ _1\"/>h rate<span class=\"_ _23\"> </span><span class=\"ff8\">0.50<span class=\"_ _1\"/>%<span class=\"_ _ed\"> </span>Increase by 0.0<span class=\"_ _1\"/>%<span class=\"_ _8e\"> </span>Decrease by 0.0<span class=\"_ _0\"/>%</span>Pension g<span class=\"_ _1\"/>row<span class=\"_ _1\"/>th rate<span class=\"_ _114\"> </span><span class=\"ff8\">0.50<span class=\"_ _0\"/>%<span class=\"_ _e1\"> </span>Increase by 2.<span class=\"_ _7\"/>1<span class=\"_ _0\"/>%<span class=\"_ _e0\"> </span>Decrease by 2.0<span class=\"_ _1\"/>%</span>Life expect<span class=\"_ _1\"/>ancy<span class=\"_ _1d3\"> </span><span class=\"ff8 ls2 ws2\">1 year<span class=\"_ _ed\"> </span>Increase by 2.9<span class=\"_ _0\"/>%<span class=\"_ _e0\"> </span>Decrease by 2.9<span class=\"_ _1\"/>%</span>The se<span class=\"_ _1\"/>nsitivit<span class=\"_ _1\"/>y analyses are b<span class=\"_ _1\"/>ased on a change in o<span class=\"_ _1\"/>ne assumption while holding all ot<span class=\"_ _1\"/>her ass<span class=\"_ _7\"/>umptions c<span class=\"_ _6\"/>onstant, so th<span class=\"_ _6\"/>at in<span class=\"_ _6\"/>terdependencies between the ass<span class=\"_ _6\"/>umption<span class=\"_ _6\"/>s are ex<span class=\"_ _6\"/>cluded.Risk expo<span class=\"_ _6\"/>sureThrou<span class=\"_ _1\"/>gh its def<span class=\"_ _1\"/>ined be<span class=\"_ _1\"/>nefit p<span class=\"_ _1\"/>ension plans, th<span class=\"_ _1\"/>e Group is exp<span class=\"_ _1\"/>osed to var<span class=\"_ _1\"/>ious demo<span class=\"_ _1\"/>graphic and econo<span class=\"_ _1\"/>mic risks<span class=\"_ _1\"/>. Most of these r<span class=\"_ _1\"/>isks come with t<span class=\"_ _1\"/>he nature of a defin<span class=\"_ _1\"/>ed ben<span class=\"_ _1\"/>efit plan and are th<span class=\"_ _1\"/>erefore not countr<span class=\"_ _1\"/>y sp<span class=\"_ _1\"/>ecif<span class=\"_ _1\"/>ic. The m<span class=\"_ _1\"/>ost significant r<span class=\"_ _1\"/>isks relate to life exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tanc<span class=\"_ _1\"/>y, investment r<span class=\"_ _1\"/>isk, interest r<span class=\"_ _1\"/>ates and inflatio<span class=\"_ _1\"/>n. The lat<span class=\"_ _1\"/>ter plays a ro<span class=\"_ _1\"/>le in the assumed salar<span class=\"_ _1\"/>y increase and esp<span class=\"_ _1\"/>ecially fo<span class=\"_ _1\"/>r those group p<span class=\"_ _1\"/>ension obligatio<span class=\"_ _1\"/>ns which are linked to inflati<span class=\"_ _1\"/>on, meaning high<span class=\"_ _1\"/>er inflation w<span class=\"_ _1\"/>ill lead to higher liabilit<span class=\"_ _1\"/>ies.The G<span class=\"_ _1\"/>roup is act<span class=\"_ _1\"/>ively managing r<span class=\"_ _1\"/>isk related to its d<span class=\"_ _1\"/>efined b<span class=\"_ _1\"/>enef<span class=\"_ _1\"/>it plans to reduce thes<span class=\"_ _1\"/>e risks as much as p<span class=\"_ _1\"/>ossible. Spe<span class=\"_ _1\"/>cifically f<span class=\"_ _1\"/>or inflatio<span class=\"_ _1\"/>n, in most cases caps o<span class=\"_ _1\"/>n the level of inflatio<span class=\"_ _1\"/>nar<span class=\"_ _1\"/>y increases are in place to prote<span class=\"_ _1\"/>ct t<span class=\"_ _1\"/>he plan against ex<span class=\"_ _1\"/>treme inf<span class=\"_ _1\"/>lation<span class=\"_ _1\"/>. The majo<span class=\"_ _1\"/>rit<span class=\"_ _1\"/>y of the plan\u2019s assets are eit<span class=\"_ _1\"/>her unaffe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d by (fix<span class=\"_ _1\"/>ed interest bo<span class=\"_ _1\"/>nds<span class=\"_ _7\"/>) or l<span class=\"_ _1\"/>oosely correlate<span class=\"_ _1\"/>d with (equities) i<span class=\"_ _6\"/>nflati<span class=\"_ _1\"/>on, meaning t<span class=\"_ _1\"/>hat an increase in inflatio<span class=\"_ _1\"/>n will also increase the def<span class=\"_ _1\"/>icit<span class=\"_ _1\"/>. Life exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tanc<span class=\"_ _1\"/>y risk is par<span class=\"_ _1\"/>ticularl<span class=\"_ _1\"/>y significant in the U<span class=\"_ _1\"/>K plan, w<span class=\"_ _1\"/>here inflati<span class=\"_ _1\"/>onar<span class=\"_ _1\"/>y increases result in highe<span class=\"_ _1\"/>r sensitivit<span class=\"_ _1\"/>y to changes in life e<span class=\"_ _1\"/>xpec<span class=\"_ _1\"/>tanc<span class=\"_ _1\"/>y. In the N<span class=\"_ _1\"/>etherlan<span class=\"_ _1\"/>ds this risk is limited as the insurer guar<span class=\"_ _1\"/>antees the paym<span class=\"_ _1\"/>ent of the accru<span class=\"_ _1\"/>ed ben<span class=\"_ _1\"/>efits<span class=\"_ _1\"/>.Apar<span class=\"_ _1\"/>t f<span class=\"_ _1\"/>rom the Gr<span class=\"_ _1\"/>oup wide risk<span class=\"_ _1\"/>s, loc<span class=\"_ _1\"/>al risks are considere<span class=\"_ _1\"/>d to be limited f<span class=\"_ _1\"/>or the Neth<span class=\"_ _1\"/>erlands as in the N<span class=\"_ _1\"/>ether<span class=\"_ _1\"/>lands the company ter<span class=\"_ _1\"/>minated its def<span class=\"_ _1\"/>ined b<span class=\"_ _1\"/>enefit s<span class=\"_ _1\"/>cheme in 20<span class=\"_ _1\"/>18 and t<span class=\"_ _1\"/>he accrue<span class=\"_ _1\"/>d pension entit<span class=\"_ _1\"/>lement<span class=\"_ _1\"/>s were insured, limitin<span class=\"_ _1\"/>g the risk for th<span class=\"_ _1\"/>e Group to the inde<span class=\"_ _1\"/>xation of th<span class=\"_ _1\"/>e accrued e<span class=\"_ _1\"/>ntitlement<span class=\"_ _1\"/>s. T<span class=\"_ _1\"/>he insurance company guarantee<span class=\"_ _1\"/>s all accrued entitlemen<span class=\"_ _6\"/>ts. The insu<span class=\"_ _6\"/>rance c<span class=\"_ _6\"/>ontract includes a<span class=\"_ _6\"/>n acc<span class=\"_ _7\"/>ount in whic<span class=\"_ _6\"/>h 80<span class=\"_ _1\"/>% o<span class=\"_ _6\"/>f the investment<span class=\"_ _1\"/>s are used to match the liab<span class=\"_ _1\"/>ility on a f<span class=\"_ _1\"/>unding basis and 20<span class=\"_ _1\"/>% of the investment<span class=\"_ _1\"/>s are used to invest in e<span class=\"_ _1\"/>quity. The insuran<span class=\"_ _1\"/>ce c<span class=\"_ _6\"/>ompany ultimately d<span class=\"_ _1\"/>ecides o<span class=\"_ _1\"/>n investment polic<span class=\"_ _1\"/>ies and gover<span class=\"_ _1\"/>nance since they run th<span class=\"_ _1\"/>e downside risk<span class=\"_ _1\"/>.In the U<span class=\"_ _1\"/>K<span class=\"_ _1\"/>, th<span class=\"_ _1\"/>e T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ustees set the S<span class=\"_ _1\"/>cheme\u2019s investment st<span class=\"_ _1\"/>rateg<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, in consultation with t<span class=\"_ _1\"/>he employe<span class=\"_ _1\"/>r<span class=\"_ _7\"/>. T<span class=\"_ _1\"/>he Robe<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>son and U<span class=\"_ _1\"/>K Hol<span class=\"_ _1\"/>dings plan include retur<span class=\"_ _1\"/>n seekin<span class=\"_ _1\"/>g assets and bo<span class=\"_ _1\"/>nds. The R<span class=\"_ _1\"/>ober<span class=\"_ _1\"/>t<span class=\"_ _1\"/>son plan also includes matching asset<span class=\"_ _1\"/>s to cover the pe<span class=\"_ _1\"/>nsioner liabilities<span class=\"_ _1\"/>. The employer i<span class=\"_ _6\"/>s ulti<span class=\"_ _6\"/>mately<span class=\"_ _6\"/> respons<span class=\"_ _6\"/>ible for fu<span class=\"_ _6\"/>nding the ac<span class=\"_ _7\"/>crue<span class=\"_ _1\"/>d pens<span class=\"_ _6\"/>ions a<span class=\"_ _6\"/>nd the pension<span class=\"_ _6\"/> increases.Maj<span class=\"_ _1\"/>or categ<span class=\"_ _1\"/>ori<span class=\"_ _1\"/>es of pla<span class=\"_ _1\"/>n asset<span class=\"_ _1\"/>sPlan assets ar<span class=\"_ _1\"/>e comprised as follo<span class=\"_ _1\"/>ws:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _281\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _1ab\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Quo<span class=\"_ _1\"/>ted<span class=\"_ _47\"> </span>U<span class=\"_ _1\"/>nquoted<span class=\"_ _8d\"> </span><span class=\"ls1b5 ws1b9\">T<span class=\"_ _6\"/>otal<span class=\"_ _26\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _b3\"> </span><span class=\"ls1da ws1e0\">Q<span class=\"_ _1\"/>uoted<span class=\"_ _e4\"> </span>Un<span class=\"_ _1\"/>quoted<span class=\"_ _8d\"> </span></span></span>T<span class=\"_ _7\"/>otal<span class=\"_ _282\"> </span><span class=\"ls2 ws2\">%</span></span>Equit<span class=\"_ _1\"/>y instruments<span class=\"_ _283\"> </span><span class=\"ff4 fs6 ls39 ws216\">7<span class=\"_ _3\"/>,571</span>-7<span class=\"_ _3\"/>,571<span class=\"_ _7a\"> </span><span class=\"ls1e2 ws1e8\">2%<span class=\"_ _f2\"> </span><span class=\"ff8 fc14 ls2 ws2\">112,95<span class=\"_ _1\"/>8</span></span>-112,958<span class=\"_ _8d\"> </span>22<span class=\"_ _0\"/>%Debt instrum<span class=\"_ _1\"/>ents<span class=\"_ _284\"> </span><span class=\"ff4 fs6 ls2 ws2\">145,414</span>-145,414<span class=\"_ _8d\"> </span><span class=\"ls43 ws4b\">45<span class=\"_ _1\"/>%<span class=\"_ _c0\"> </span></span><span class=\"ff8 fc14\">131,822</span>-131,822<span class=\"_ _8d\"> </span>26<span class=\"_ _1\"/>%Government<span class=\"_ _75\"> </span><span class=\"ls2 ws2\">12,733</span>-12,733<span class=\"_ _7a\"> </span><span class=\"ls1e3 ws1e9\">4%<span class=\"_ _21\"> </span></span><span class=\"ff8 fc14\">10,107</span>-10,<span class=\"_ _6\"/>107<span class=\"_ _7a\"> </span><span class=\"ls1e2 ws1e8\">2%</span>Corporate bonds (Investmen<span class=\"_ _6\"/>t grade<span class=\"_ _6\"/>)<span class=\"_ _91\"> </span><span class=\"ls2 ws2\">62,515</span>-62,515<span class=\"_ _ae\"> </span>19<span class=\"_ _0\"/>%<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">76,156</span>-76,<span class=\"_ _7\"/>15<span class=\"_ _1\"/>6<span class=\"_ _ae\"> </span>15<span class=\"_ _0\"/>%Corporate bonds (Non-in<span class=\"_ _6\"/>vestment<span class=\"_ _6\"/> grade)<span class=\"_ _285\"> </span><span class=\"ls43 ws4b\">70,<span class=\"_ _7\"/>166</span>-70,<span class=\"_ _7\"/>166<span class=\"_ _8d\"> </span><span class=\"ls2 ws2\">22<span class=\"_ _0\"/>%<span class=\"_ _65\"> </span><span class=\"ff8 fc14\">45,5<span class=\"_ _1\"/>59</span></span>-45,559<span class=\"_ _7a\"> </span><span class=\"ls219 ws229\">9%</span>Insurance<span class=\"_ _7\"/> policies-147<span class=\"_ _7\"/>,352<span class=\"_ _6f\"> </span>147<span class=\"_ _7\"/>,352<span class=\"_ _8d\"> </span><span class=\"ls43 ws4b\">45<span class=\"_ _1\"/>%</span>-233,942<span class=\"_ _39\"> </span>2<span class=\"_ _1\"/>33,942<span class=\"_ _8d\"> </span>47<span class=\"_ _0\"/>%Proper<span class=\"_ _1\"/>ty<span class=\"_ _266\"> </span><span class=\"ff4 fs6 ls2 ws2\">8,984</span>-8,984<span class=\"_ _286\"> </span><span class=\"ls1e3 ws1e9\">3%<span class=\"_ _5f\"> </span><span class=\"ff8 fc14 ls43 ws4b\">13,273</span></span>-13,273<span class=\"_ _7a\"> </span><span class=\"ls1e3 ws1e9\">3%</span>Cas<span class=\"_ _1\"/>h and cas<span class=\"_ _1\"/>h equi<span class=\"_ _1\"/>vale<span class=\"_ _1\"/>nts-15,7<span class=\"_ _1\"/>73<span class=\"_ _21\"> </span>15,7<span class=\"_ _1\"/>73<span class=\"_ _286\"> </span><span class=\"ls1e3 ws1e9\">5%<span class=\"_ _6e\"> </span></span><span class=\"ff8 fc14\">10,472</span>-10,472Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _1df\"> </span>161,969<span class=\"_ _c0\"> </span>163,<span class=\"_ _7\"/>12<span class=\"_ _1\"/>5<span class=\"_ _3a\"> </span>32<span class=\"_ _1\"/>5,094<span class=\"_ _61\"> </span>100<span class=\"_ _0\"/>%<span class=\"_ _2b\"> </span><span class=\"fc14\">268,52<span class=\"_ _1\"/>5<span class=\"_ _d0\"> </span>233,942<span class=\"_ _39\"> </span>502,4<span class=\"_ _1\"/>67</span>The ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>3 contribut<span class=\"_ _1\"/>ions amount to EU<span class=\"_ _1\"/>R 12<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million (20<span class=\"_ _1\"/>22<span class=\"_ _1\"/>: EU<span class=\"_ _1\"/>R 12<span class=\"_ _1\"/>.8 m<span class=\"_ _1\"/>illion<span class=\"_ _6\"/>).The w<span class=\"_ _1\"/>eighted aver<span class=\"_ _1\"/>age durati<span class=\"_ _1\"/>on of the def<span class=\"_ _1\"/>ined be<span class=\"_ _1\"/>nefit obli<span class=\"_ _1\"/>gation is 18<span class=\"_ _1\"/>.<span class=\"_ _1\"/>4 years (2<span class=\"_ _1\"/>021<span class=\"_ _1\"/>:  20 year<span class=\"_ _1\"/>s<span class=\"_ _7\"/>).Un<span class=\"_ _1\"/>ite<span class=\"_ _1\"/>d T<span class=\"_ _6\"/>otal A<span class=\"_ _1\"/>s at 31 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2Nether<span class=\"_ _1\"/>landsKingdomwe<span class=\"_ _1\"/>ight<span class=\"_ _1\"/>ed Dur<span class=\"_ _1\"/>ation of plan<span class=\"_ _103\"> </span>18.0<span class=\"_ _e0\"> </span>18.8<span class=\"_ _e0\"> </span>18.<span class=\"_ _6\"/>432<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws1f9\">PRO<span class=\"_ _7\"/>VISIONS</span>A provision is re<span class=\"_ _1\"/>cognised if, as a result of a past event, th<span class=\"_ _1\"/>e Group has a prese<span class=\"_ _1\"/>nt legal or construc<span class=\"_ _1\"/>tive ob<span class=\"_ _1\"/>ligation that can b<span class=\"_ _1\"/>e estimated re<span class=\"_ _1\"/>liably, and it is probable that an o<span class=\"_ _1\"/>utf<span class=\"_ _1\"/>low of economi<span class=\"_ _1\"/>c benef<span class=\"_ _1\"/>its will b<span class=\"_ _1\"/>e required to set<span class=\"_ _1\"/>tle t<span class=\"_ _1\"/>he obligatio<span class=\"_ _1\"/>n. Provisio<span class=\"_ _1\"/>ns are determine<span class=\"_ _1\"/>d by discounting the ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted fut<span class=\"_ _1\"/>ure cash flow<span class=\"_ _1\"/>s at a pre-tax r<span class=\"_ _1\"/>ate that refl<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>s current market assessment<span class=\"_ _1\"/>s of the time valu<span class=\"_ _1\"/>e of money and<span class=\"_ _1\"/>, where app<span class=\"_ _1\"/>ropriate<span class=\"_ _1\"/>, the risks spec<span class=\"_ _1\"/>ific to the liabilit<span class=\"_ _1\"/>y. The unwinding of t<span class=\"_ _1\"/>he discount is recognised as finan<span class=\"_ _1\"/>ce expenses<span class=\"_ _1\"/>.A provis<span class=\"_ _7\"/>ion for onerous con<span class=\"_ _6\"/>tract<span class=\"_ _1\"/>s is<span class=\"_ _6\"/> recognis<span class=\"_ _6\"/>ed when it becomes pr<span class=\"_ _6\"/>obable that<span class=\"_ _6\"/> the unavoidable cost<span class=\"_ _1\"/>s of meeting t<span class=\"_ _1\"/>he obligatio<span class=\"_ _1\"/>n under the contr<span class=\"_ _1\"/>act e<span class=\"_ _1\"/>xceed the e<span class=\"_ _1\"/>conomic ben<span class=\"_ _1\"/>efits e<span class=\"_ _1\"/>xpec<span class=\"_ _1\"/>ted to b<span class=\"_ _1\"/>e receive<span class=\"_ _1\"/>d under it<span class=\"_ _1\"/>. The unavoidabl<span class=\"_ _1\"/>e costs under a contr<span class=\"_ _1\"/>act ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>t the least net cost of ex<span class=\"_ _1\"/>iting from th<span class=\"_ _1\"/>e contrac<span class=\"_ _1\"/>t, w<span class=\"_ _1\"/>hich is the low<span class=\"_ _1\"/>er of the cost of fulfilling it an<span class=\"_ _1\"/>d any compensation o<span class=\"_ _1\"/>r penalties ar<span class=\"_ _1\"/>ising from failure to f<span class=\"_ _1\"/>ulfil it. T<span class=\"_ _1\"/>he costs of fulfilling a contr<span class=\"_ _1\"/>act comp<span class=\"_ _1\"/>rises the costs t<span class=\"_ _1\"/>hat relate direc<span class=\"_ _1\"/>tly to the contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>t, i.<span class=\"_ _1\"/>e. both increme<span class=\"_ _1\"/>ntal costs and an allo<span class=\"_ _1\"/>cation of cost<span class=\"_ _1\"/>s direct<span class=\"_ _1\"/>ly related to contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>t acti<span class=\"_ _1\"/>vities<span class=\"_ _1\"/>.A provision f<span class=\"_ _1\"/>or restru<span class=\"_ _1\"/>ctur<span class=\"_ _1\"/>ing cost is recognised whe<span class=\"_ _1\"/>n the Gro<span class=\"_ _1\"/>up (i) has a detaile<span class=\"_ _1\"/>d formal plan for th<span class=\"_ _1\"/>e restru<span class=\"_ _1\"/>ctur<span class=\"_ _1\"/>ing identif<span class=\"_ _1\"/>ying at le<span class=\"_ _1\"/>ast the business or par<span class=\"_ _1\"/>t of a business conc<span class=\"_ _6\"/>erned, the principal location<span class=\"_ _6\"/>s affected<span class=\"_ _1\"/>, the location, function, and approxi<span class=\"_ _6\"/>mate<span class=\"_ _6\"/> number of emp<span class=\"_ _1\"/>loyees wh<span class=\"_ _1\"/>o will be compensate<span class=\"_ _1\"/>d for terminating t<span class=\"_ _1\"/>heir ser<span class=\"_ _1\"/>vi<span class=\"_ _1\"/>ces, the exp<span class=\"_ _1\"/>enditures that will b<span class=\"_ _1\"/>e under<span class=\"_ _1\"/>taken<span class=\"_ _1\"/>, and when th<span class=\"_ _1\"/>e plan will be imple<span class=\"_ _1\"/>mented; and (ii<span class=\"_ _1\"/>) has raised a v<span class=\"_ _1\"/>alid expe<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>ation in those af<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ted that it w<span class=\"_ _1\"/>ill carr<span class=\"_ _1\"/>y out th<span class=\"_ _1\"/>e restruc<span class=\"_ _1\"/>turing by star<span class=\"_ _1\"/>ting to impl<span class=\"_ _1\"/>ement that plan or ann<span class=\"_ _1\"/>ouncing its main f<span class=\"_ _1\"/>eatures to those af<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ted by it<span class=\"_ _1\"/>.Ass<span class=\"_ _1\"/>et retirement ob<span class=\"_ _1\"/>ligations are re<span class=\"_ _1\"/>cognised in connec<span class=\"_ _1\"/>tion w<span class=\"_ _1\"/>ith lease contra<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s (<span class=\"_ _6\"/>vessels and prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y). These obligati<span class=\"_ _1\"/>ons are measured at the pr<span class=\"_ _1\"/>esent value of exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted costs to set<span class=\"_ _1\"/>tle the o<span class=\"_ _1\"/>bligation using estimated c<span class=\"_ _1\"/>ash flows an<span class=\"_ _1\"/>d are recognise<span class=\"_ _1\"/>d as part of t<span class=\"_ _1\"/>he costs of the rel<span class=\"_ _1\"/>evant asset. T<span class=\"_ _1\"/>he cash flo<span class=\"_ _1\"/>ws are discounted at a current pr<span class=\"_ _1\"/>e-tax rate t<span class=\"_ _1\"/>hat refle<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s the r<span class=\"_ _1\"/>isks specif<span class=\"_ _1\"/>ic to the asset retire<span class=\"_ _1\"/>ment obligatio<span class=\"_ _1\"/>n. The unw<span class=\"_ _1\"/>inding of the discount is exp<span class=\"_ _1\"/>ensed as incurre<span class=\"_ _1\"/>d and recognise<span class=\"_ _1\"/>d in the statem<span class=\"_ _1\"/>ent of comprehensive income as a finance ex<span class=\"_ _1\"/>pense.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _287\"> </span><span class=\"ff1 fs3 ls1db ws1e1\"> 2022<span class=\"_ _22d\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>  Asset <span class=\"ls2 ws2\"> </span>Asset <span class=\"ls2 ws2\"> </span>Onerous retirement Onerous retirement contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s<span class=\"_ _178\"> </span><span class=\"ls1b5 ws1b9\">Le<span class=\"_ _1\"/>gal c<span class=\"_ _6\"/>laims<span class=\"_ _d\"> </span><span class=\"ls19e ws19e\">Res<span class=\"_ _1\"/>tructurin<span class=\"_ _1\"/>g</span></span>obligations<span class=\"_ _60\"> </span>Totalcontr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s<span class=\"_ _ee\"> </span><span class=\"ls1b5 ws1b9\"> Legal claim<span class=\"_ _6\"/>s<span class=\"_ _cf\"> </span><span class=\"ls19e ws19e\">Restructurin<span class=\"_ _1\"/>g</span></span>obligations<span class=\"_ _60\"> </span>TotalBal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y<span class=\"_ _288\"> </span>1,270<span class=\"_ _a1\"> </span>14,990<span class=\"_ _5d\"> </span>3,086<span class=\"_ _5d\"> </span>3,5<span class=\"_ _1\"/>02<span class=\"_ _9b\"> </span>22,84<span class=\"_ _1\"/>8<span class=\"_ _8d\"> </span><span class=\"ff8 fc14\">1,515<span class=\"_ _5f\"> </span>15,50<span class=\"_ _1\"/>6<span class=\"_ _89\"> </span>5,7<span class=\"_ _1\"/>10<span class=\"_ _5d\"> </span>2,5<span class=\"_ _1\"/>63<span class=\"_ _65\"> </span><span class=\"ls43 ws4b\">25<span class=\"_ _6\"/>,294</span></span>Prov<span class=\"_ _1\"/>isions made durin<span class=\"_ _1\"/>g the year<span class=\"_ _23a\"> </span>5,739<span class=\"_ _70\"> </span>1,9<span class=\"_ _1\"/>94<span class=\"_ _70\"> </span>2,783<span class=\"_ _e0\"> </span><span class=\"ls1f0 ws1f4\">990<span class=\"_ _21\"> </span></span>11,50<span class=\"_ _1\"/>6<span class=\"_ _286\"> </span><span class=\"ff8 fc14\">124<span class=\"_ _92\"> </span>1,225<span class=\"_ _70\"> </span>12,<span class=\"_ _6\"/>112<span class=\"_ _df\"> </span><span class=\"ls87 ws3b\">820<span class=\"_ _21\"> </span></span>14,281</span>Prov<span class=\"_ _1\"/>isions used durin<span class=\"_ _1\"/>g the year<span class=\"_ _1dc\"> </span>(<span class=\"_ _6\"/>458)<span class=\"_ _92\"> </span>(146)<span class=\"_ _24\"> </span>(5,118)<span class=\"_ _7c\"> </span>(3<span class=\"_ _1\"/>02)<span class=\"_ _c0\"> </span>(6,024)<span class=\"_ _6b\"> </span><span class=\"ff8 fc14\">(126)<span class=\"_ _b4\"> </span>(2,567)<span class=\"_ _d0\"> </span>(14,898)<span class=\"_ _6b\"> </span>(125)<span class=\"_ _6f\"> </span>(17<span class=\"_ _7\"/>,716)</span>Prov<span class=\"_ _1\"/>isions rever<span class=\"_ _1\"/>sed durin<span class=\"_ _1\"/>g the year-(2,704)<span class=\"_ _f5\"> </span>59-(2,645)<span class=\"_ _7c\"> </span><span class=\"ff8 fc14\">(35<span class=\"_ _1\"/>8)<span class=\"_ _b4\"> </span>(1,308)<span class=\"_ _87\"> </span><span class=\"ls87 ws3b\">(<span class=\"_ _1\"/>769)</span></span>-(2,435)Unwin<span class=\"_ _1\"/>ding of discount-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-70<span class=\"_ _11\"> </span>70-<span class=\"_ _26d\"> </span>-<span class=\"_ _e3\"> </span>-93<span class=\"_ _e1\"> </span>93T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ans<span class=\"_ _6\"/>fer from held for<span class=\"_ _6\"/> sale-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">-<span class=\"_ _26d\"> </span>-</span>793-793Reclass<span class=\"_ _7\"/>ification-1,306-<span class=\"_ _26d\"> </span>-1,306-1,937-<span class=\"_ _26d\"> </span>-1,937Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of moveme<span class=\"_ _1\"/>nts in for<span class=\"_ _1\"/>eign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _41\"> </span>(18)<span class=\"_ _1a\"> </span><span class=\"ls100 ws10c\">307<span class=\"_ _fc\"> </span></span>41<span class=\"_ _f6\"> </span>10<span class=\"_ _231\"> </span><span class=\"ls1f1 ws1f5\">340<span class=\"_ _1b\"> </span></span><span class=\"ff8 fc14\">115<span class=\"_ _ed\"> </span>197<span class=\"_ _7a\"> </span>138<span class=\"_ _96\"> </span>151<span class=\"_ _7a\"> </span>6<span class=\"_ _1\"/>01</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _fb\"> </span>6,533<span class=\"_ _24\"> </span>15,747<span class=\"_ _7a\"> </span>851<span class=\"_ _5d\"> </span>4,270<span class=\"_ _6e\"> </span>27<span class=\"_ _7\"/>,401<span class=\"_ _87\"> </span>1,270<span class=\"_ _65\"> </span><span class=\"ls2 ws2\">14,990<span class=\"_ _1c9\"> </span>3,086<span class=\"_ _5d\"> </span>3,502<span class=\"_ _b4\"> </span>22,848</span>Non-current-12,309-4,270<span class=\"_ _6e\"> </span><span class=\"ls2 ws2\">16,5<span class=\"_ _1\"/>79</span>-11,460<span class=\"_ _286\"> </span>1<span class=\"_ _1\"/>63<span class=\"_ _5d\"> </span>3,502<span class=\"_ _61\"> </span>15,125Curre<span class=\"_ _1\"/>nt<span class=\"_ _289\"> </span>6,533<span class=\"_ _73\"> </span>3,438<span class=\"_ _286\"> </span>851-10,822<span class=\"_ _89\"> </span><span class=\"ff8 fc14 ls43 ws4b\">1,270<span class=\"_ _5d\"> </span><span class=\"ls2 ws2\">3,530<span class=\"_ _5d\"> </span>2,92<span class=\"_ _1\"/>3</span></span>-7<span class=\"_ _7\"/>,723Fugro has accounted for cer<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ain tax inde<span class=\"_ _1\"/>mnities and war<span class=\"_ _1\"/>ranties in resp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>t of the sale of the major<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y of the Ge<span class=\"_ _1\"/>oscience business to CGG in 20<span class=\"_ _1\"/>13 for liab<span class=\"_ _1\"/>ilities arising from t<span class=\"_ _1\"/>ax exp<span class=\"_ _1\"/>osures. This ta<span class=\"_ _1\"/>x indemnit<span class=\"_ _1\"/>y and war<span class=\"_ _1\"/>rant<span class=\"_ _1\"/>y amounts to E<span class=\"_ _1\"/>UR 9.<span class=\"_ _1\"/>8 million as at 31 De<span class=\"_ _1\"/>cember 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 (31 De<span class=\"_ _1\"/>cember 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 9.<span class=\"_ _1\"/>8 million).33<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls11f ws3b\">T<span class=\"_ _1\"/>R<span class=\"_ _1\"/>AD<span class=\"_ _1\"/>E A<span class=\"_ _1\"/>N<span class=\"_ _1\"/>D OT<span class=\"_ _1\"/>H<span class=\"_ _1\"/>E<span class=\"_ _1\"/>R P<span class=\"_ _6\"/>A<span class=\"_ _6\"/>Y<span class=\"_ _6\"/>AB<span class=\"_ _1\"/>L<span class=\"_ _1\"/>E<span class=\"_ _1\"/>S</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade and<span class=\"_ _6\"/> other payables r<span class=\"_ _6\"/>epresent<span class=\"_ _6\"/> liabi<span class=\"_ _6\"/>lities for<span class=\"_ _6\"/> ser<span class=\"_ _1\"/>vice<span class=\"_ _6\"/>s and goods provided t<span class=\"_ _6\"/>o the group pr<span class=\"_ _1\"/>ior to the en<span class=\"_ _1\"/>d of financial year whi<span class=\"_ _1\"/>ch are unpaid. Trade and ot<span class=\"_ _1\"/>her payabl<span class=\"_ _1\"/>es are recognise<span class=\"_ _1\"/>d initially at fair v<span class=\"_ _1\"/>alue net of any direc<span class=\"_ _1\"/>tly at<span class=\"_ _1\"/>tribut<span class=\"_ _1\"/>able tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>on costs. Subseque<span class=\"_ _1\"/>nt to initial recogniti<span class=\"_ _1\"/>on they are m<span class=\"_ _1\"/>easured at amor<span class=\"_ _1\"/>tised cost using the eff<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tive interest r<span class=\"_ _1\"/>ate method<span class=\"_ _1\"/>.The contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s in progr<span class=\"_ _1\"/>ess for which pro<span class=\"_ _1\"/>gress billing exceeds cost<span class=\"_ _1\"/>s incurred p<span class=\"_ _1\"/>lus profit<span class=\"_ _1\"/>s recognise<span class=\"_ _1\"/>d to date less progr<span class=\"_ _1\"/>ess billings and recognised l<span class=\"_ _1\"/>osses are presented as adv<span class=\"_ _1\"/>ance instalments to wo<span class=\"_ _1\"/>rk in progr<span class=\"_ _1\"/>ess.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade payables<span class=\"_ _28a\"> </span><span class=\"ls2 ws2\">110,067<span class=\"_ _9b\"> </span><span class=\"ff8 fc14\">111,409</span></span>Acc<span class=\"_ _6\"/>rued e<span class=\"_ _6\"/>xpen<span class=\"_ _7\"/>ses<span class=\"_ _28b\"> </span><span class=\"ls2 ws2\">137<span class=\"_ _7\"/>,224<span class=\"_ _fa\"> </span><span class=\"ff8 fc14\">139,824</span></span>Adv<span class=\"_ _1\"/>ance instalm<span class=\"_ _1\"/>ents to wo<span class=\"_ _1\"/>rk in pro<span class=\"_ _1\"/>gress<span class=\"_ _27e\"> </span>71,5<span class=\"_ _1\"/>08<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">5<span class=\"_ _1\"/>0,514</span>Emplo<span class=\"_ _1\"/>yee relat<span class=\"_ _1\"/>ed accrua<span class=\"_ _1\"/>ls<span class=\"_ _203\"> </span>65,616<span class=\"_ _a1\"> </span><span class=\"ff8 fc14\">6<span class=\"_ _1\"/>0,<span class=\"_ _7\"/>188</span>Ot<span class=\"_ _1\"/>her liabili<span class=\"_ _1\"/>ties<span class=\"_ _102\"> </span><span class=\"ls2 ws2\">26,37<span class=\"_ _1\"/>9<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">21,072</span></span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _203\"> </span>410,7<span class=\"_ _1\"/>94<span class=\"_ _d0\"> </span><span class=\"fc14\">383,007</span>Adv<span class=\"_ _1\"/>ance instalment<span class=\"_ _1\"/>s to work in pro<span class=\"_ _1\"/>gress primaril<span class=\"_ _1\"/>y represent adv<span class=\"_ _1\"/>ances receive<span class=\"_ _1\"/>d from customers for<span class=\"_ _6\"/> which reven<span class=\"_ _6\"/>ue is<span class=\"_ _6\"/> recognis<span class=\"_ _6\"/>ed as services are performed to customers. From th<span class=\"_ _1\"/>e advance instalm<span class=\"_ _1\"/>ents to wor<span class=\"_ _1\"/>k in progress<span class=\"_ _1\"/>, an amount of EUR 4<span class=\"_ _1\"/>2<span class=\"_ _1\"/>,74<span class=\"_ _1\"/>0 thousand has be<span class=\"_ _1\"/>en recognise<span class=\"_ _1\"/>d as revenue that was includ<span class=\"_ _1\"/>ed in the cl<span class=\"_ _1\"/>osing balance as at 31 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>21 (2<span class=\"_ _1\"/>020<span class=\"_ _1\"/>: EU<span class=\"_ _1\"/>R 4<span class=\"_ _1\"/>0,<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2<span class=\"_ _1\"/>5 thousand<span class=\"_ _1\"/>). Accr<span class=\"_ _1\"/>ued ex<span class=\"_ _1\"/>penses primar<span class=\"_ _1\"/>ily represe<span class=\"_ _1\"/>nt projec<span class=\"_ _1\"/>t cost accruals for g<span class=\"_ _1\"/>oods and se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vices receive<span class=\"_ _1\"/>d but which are yet to b<span class=\"_ _1\"/>e invoiced.3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>. <span class=\"_ _d\"> </span><span class=\"ff5 fs6 lsf7 ws3d\">FINANCIAL RISK<span class=\"_ _6\"/> MANA<span class=\"_ _6\"/>GEM<span class=\"_ _1\"/>ENT</span>3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>.1 <span class=\"_ _d\"> </span><span class=\"ff2 fs3 ls80 ws85\">Overview</span>The company<span class=\"_ _1\"/>\u2019s risk manageme<span class=\"_ _1\"/>nt polic<span class=\"_ _1\"/>y includes th<span class=\"_ _1\"/>e long-term sustainable manag<span class=\"_ _1\"/>ement of its business ac<span class=\"_ _1\"/>tivi<span class=\"_ _1\"/>ties and whe<span class=\"_ _1\"/>re possible, t<span class=\"_ _1\"/>he mitigatio<span class=\"_ _1\"/>n of the associated b<span class=\"_ _1\"/>usi<span class=\"_ _6\"/>ness risks<span class=\"_ _1\"/>. Based on t<span class=\"_ _1\"/>he nature and relati<span class=\"_ _1\"/>ve significance of th<span class=\"_ _1\"/>e risks relate<span class=\"_ _1\"/>d to the Group\u2019s wide diversit<span class=\"_ _1\"/>y of mar<span class=\"_ _1\"/>kets, cli<span class=\"_ _1\"/>ents and re<span class=\"_ _1\"/>gions and it<span class=\"_ _1\"/>s broad po<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>folio of ac<span class=\"_ _1\"/>tiv<span class=\"_ _1\"/>ities the r<span class=\"_ _1\"/>isks have be<span class=\"_ _1\"/>en quantifie<span class=\"_ _1\"/>d to the ex<span class=\"_ _1\"/>tent possible.The G<span class=\"_ _1\"/>roup has exposure to th<span class=\"_ _1\"/>e following f<span class=\"_ _1\"/>inancial risks f<span class=\"_ _1\"/>rom its o<span class=\"_ _1\"/>perat<span class=\"_ _1\"/>ions: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Cre<span class=\"_ _1\"/>dit r<span class=\"_ _1\"/>isk <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Li<span class=\"_ _1\"/>quidit<span class=\"_ _1\"/>y risk <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Marke<span class=\"_ _7\"/>t riskThis note pres<span class=\"_ _1\"/>ents informati<span class=\"_ _1\"/>on about t<span class=\"_ _1\"/>he Group\u2019s exp<span class=\"_ _1\"/>osure to each of the above r<span class=\"_ _1\"/>isks, the G<span class=\"_ _1\"/>roup\u2019s objec<span class=\"_ _1\"/>tives, p<span class=\"_ _1\"/>olicies and pr<span class=\"_ _1\"/>ocesses for measuring an<span class=\"_ _1\"/>d managing risk<span class=\"_ _1\"/>, and the Group\u2019s manage<span class=\"_ _1\"/>ment of capital<span class=\"_ _1\"/>. This note present<span class=\"_ _1\"/>s information o<span class=\"_ _1\"/>n a consolidated basis includ<span class=\"_ _6\"/>ing both c<span class=\"_ _6\"/>ontin<span class=\"_ _6\"/>ued and di<span class=\"_ _6\"/>scon<span class=\"_ _7\"/>t<span class=\"_ _1\"/>in<span class=\"_ _6\"/>ued operations.The B<span class=\"_ _1\"/>oard of Manag<span class=\"_ _1\"/>ement has overall resp<span class=\"_ _1\"/>onsibility f<span class=\"_ _1\"/>or the est<span class=\"_ _1\"/>ablishment and oversight of the Gr<span class=\"_ _1\"/>oup\u2019s risk management fr<span class=\"_ _1\"/>amewor<span class=\"_ _1\"/>k.The G<span class=\"_ _1\"/>roup\u2019s risk management p<span class=\"_ _1\"/>olicies are est<span class=\"_ _1\"/>ablished to identif<span class=\"_ _1\"/>y an<span class=\"_ _1\"/>d analyse the r<span class=\"_ _1\"/>isks face<span class=\"_ _1\"/>d by the Gro<span class=\"_ _1\"/>up, to set appropr<span class=\"_ _1\"/>iate risk limits and controls<span class=\"_ _1\"/>, and to monitor r<span class=\"_ _1\"/>isks and adhere<span class=\"_ _1\"/>nce to limits. R<span class=\"_ _1\"/>isk management po<span class=\"_ _1\"/>licies and sy<span class=\"_ _1\"/>stems are revie<span class=\"_ _1\"/>wed re<span class=\"_ _1\"/>gularly to ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>t changes in market condit<span class=\"_ _1\"/>ions and the G<span class=\"_ _1\"/>roup\u2019s activ<span class=\"_ _1\"/>ities. T<span class=\"_ _1\"/>he Group, t<span class=\"_ _1\"/>hrough its training an<span class=\"_ _1\"/>d management st<span class=\"_ _1\"/>andards and pro<span class=\"_ _1\"/>cedures, aims to deve<span class=\"_ _1\"/>lop a disciplined and con<span class=\"_ _6\"/>structive control en<span class=\"_ _6\"/>vironment<span class=\"_ _6\"/> in which<span class=\"_ _6\"/> all em<span class=\"_ _6\"/>ployees understand thei<span class=\"_ _6\"/>r role and obligation<span class=\"_ _7\"/>s<span class=\"_ _1\"/>.The audit commit<span class=\"_ _1\"/>te<span class=\"_ _1\"/>e oversees h<span class=\"_ _1\"/>ow managem<span class=\"_ _1\"/>ent monitors comp<span class=\"_ _1\"/>liance with the group\u2019s risk managem<span class=\"_ _1\"/>ent policies an<span class=\"_ _1\"/>d procedures an<span class=\"_ _1\"/>d review<span class=\"_ _1\"/>s the ade<span class=\"_ _1\"/>quacy of t<span class=\"_ _1\"/>he risk managem<span class=\"_ _1\"/>ent frame<span class=\"_ _1\"/>work in relat<span class=\"_ _1\"/>ion to the r<span class=\"_ _1\"/>isks faced by t<span class=\"_ _1\"/>he group. T<span class=\"_ _1\"/>he audit commit<span class=\"_ _1\"/>tee is assisted in its over<span class=\"_ _1\"/>sight role by internal audit<span class=\"_ _1\"/>. Both r<span class=\"_ _1\"/>egular and ad ho<span class=\"_ _1\"/>c revie<span class=\"_ _1\"/>ws of risk managem<span class=\"_ _1\"/>ent controls and proce<span class=\"_ _1\"/>dures are per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>med, t<span class=\"_ _1\"/>he results of which ar<span class=\"_ _1\"/>e repor<span class=\"_ _1\"/>te<span class=\"_ _1\"/>d direc<span class=\"_ _1\"/>tly to the B<span class=\"_ _1\"/>oard of Manag<span class=\"_ _1\"/>ement. A summar<span class=\"_ _1\"/>y of imp<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tant obser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ations is repor<span class=\"_ _1\"/>te<span class=\"_ _1\"/>d to the audit commit<span class=\"_ _1\"/>tee<span class=\"_ _1\"/>.3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>.2 <span class=\"_ _5b\"> </span><span class=\"ff2 fs3 ls160 ws16d\">Credit risk</span>Cre<span class=\"_ _1\"/>dit risk is the risk of financial loss to t<span class=\"_ _1\"/>he group if a customer o<span class=\"_ _1\"/>r counterpar<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y to a financial inst<span class=\"_ _1\"/>rument fails to me<span class=\"_ _1\"/>et its contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>ual obligations and ar<span class=\"_ _1\"/>ises principally f<span class=\"_ _1\"/>rom the group\u2019<span class=\"_ _7\"/>s receivables from cu<span class=\"_ _6\"/>stomers and u<span class=\"_ _6\"/>nbilled rev<span class=\"_ _6\"/>enue on (<span class=\"_ _7\"/>complet<span class=\"_ _6\"/>ed<span class=\"_ _1\"/>) c<span class=\"_ _6\"/>ontracts<span class=\"_ _1\"/>.Wit<span class=\"_ _1\"/>h the exception of t<span class=\"_ _1\"/>rade re<span class=\"_ _1\"/>ceivabl<span class=\"_ _1\"/>es that do not contain a signifi<span class=\"_ _1\"/>cant financing compon<span class=\"_ _1\"/>ent or for which t<span class=\"_ _1\"/>he Group has applie<span class=\"_ _1\"/>d the pr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>ical exp<span class=\"_ _1\"/>edient<span class=\"_ _1\"/>, the Gr<span class=\"_ _1\"/>oup initially measures a financ<span class=\"_ _1\"/>ial asset at its fair v<span class=\"_ _1\"/>alue plus, (in th<span class=\"_ _1\"/>e case of a financial asset not at f<span class=\"_ _1\"/>air value t<span class=\"_ _1\"/>hrough prof<span class=\"_ _1\"/>it or loss<span class=\"_ _7\"/>)<span class=\"_ _1\"/>, transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s.The G<span class=\"_ _1\"/>roup considers t<span class=\"_ _1\"/>he probabilit<span class=\"_ _1\"/>y of def<span class=\"_ _1\"/>ault upon initial re<span class=\"_ _1\"/>cognition of an asset and wheth<span class=\"_ _1\"/>er there has b<span class=\"_ _1\"/>een a signifi<span class=\"_ _1\"/>cant increase in cre<span class=\"_ _1\"/>dit risk on an ongoing b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s through<span class=\"_ _1\"/>out each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting pe<span class=\"_ _1\"/>riod<span class=\"_ _1\"/>. T<span class=\"_ _7\"/>o assess whet<span class=\"_ _1\"/>her ther<span class=\"_ _1\"/>e is a significant increase in credit r<span class=\"_ _1\"/>isk the company compares the r<span class=\"_ _1\"/>isk of a default occurr<span class=\"_ _1\"/>ing on the asset as at the repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ting date with the r<span class=\"_ _1\"/>isk of default as at the date of initial re<span class=\"_ _1\"/>cognition<span class=\"_ _1\"/>. It considers availa<span class=\"_ _6\"/>ble reason<span class=\"_ _6\"/>able and<span class=\"_ _6\"/> supportive for<span class=\"_ _1\"/>wardin<span class=\"_ _6\"/>g-looking i<span class=\"_ _6\"/>nformation. The Grou<span class=\"_ _6\"/>p applie<span class=\"_ _6\"/>s the low credit ri<span class=\"_ _6\"/>sk s<span class=\"_ _6\"/>impl<span class=\"_ _6\"/>ification to long<span class=\"_ _7\"/>-term loans, deposi<span class=\"_ _6\"/>ts and other long-<span class=\"_ _7\"/>term receiv<span class=\"_ _1\"/>ables and re<span class=\"_ _1\"/>cognises an allowan<span class=\"_ _1\"/>ce for expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d credit losses (<span class=\"_ _1\"/>ECL<span class=\"_ _1\"/>s) for all debt instrume<span class=\"_ _1\"/>nts not hel<span class=\"_ _1\"/>d at fair value t<span class=\"_ _1\"/>hrough prof<span class=\"_ _1\"/>it or loss.ECL<span class=\"_ _1\"/>s are b<span class=\"_ _1\"/>ased on the dif<span class=\"_ _1\"/>feren<span class=\"_ _1\"/>ce bet<span class=\"_ _1\"/>ween th<span class=\"_ _1\"/>e contrac<span class=\"_ _1\"/>tual cash fl<span class=\"_ _1\"/>ows due in accordance with th<span class=\"_ _1\"/>e contrac<span class=\"_ _1\"/>t and all the cash f<span class=\"_ _1\"/>lows that th<span class=\"_ _1\"/>e Group exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ts to re<span class=\"_ _1\"/>ceive, discounted at an approx<span class=\"_ _1\"/>imation of the or<span class=\"_ _1\"/>iginal effe<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>ive interest rate<span class=\"_ _1\"/>. The exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted cash fl<span class=\"_ _1\"/>ows will include cash f<span class=\"_ _1\"/>lows fr<span class=\"_ _1\"/>om the sale of collater<span class=\"_ _1\"/>al held or ot<span class=\"_ _1\"/>her credit e<span class=\"_ _1\"/>nhancements t<span class=\"_ _1\"/>hat are integral to t<span class=\"_ _1\"/>he contrac<span class=\"_ _1\"/>tual ter<span class=\"_ _1\"/>ms (insofar applicabl<span class=\"_ _1\"/>e<span class=\"_ _6\"/>).The Board of Man<span class=\"_ _6\"/>agement reviews the ou<span class=\"_ _6\"/>tstanding trade receivables<span class=\"_ _6\"/> and unbi<span class=\"_ _7\"/>lled revenue o<span class=\"_ _1\"/>n (<span class=\"_ _7\"/>compl<span class=\"_ _1\"/>eted<span class=\"_ _1\"/>) contrac<span class=\"_ _1\"/>ts on an o<span class=\"_ _1\"/>ngoing basis. L<span class=\"_ _1\"/>ocal manage<span class=\"_ _1\"/>ment is requeste<span class=\"_ _1\"/>d to take<span class=\"_ _6\"/> additional<span class=\"_ _6\"/> precaution in<span class=\"_ _6\"/> working with c<span class=\"_ _6\"/>er<span class=\"_ _1\"/>tain<span class=\"_ _6\"/> clients. For trade receivables and unbilled re<span class=\"_ _1\"/>venue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s, th<span class=\"_ _1\"/>e Group has estab<span class=\"_ _1\"/>lished a provision matr<span class=\"_ _1\"/>ix that i<span class=\"_ _6\"/>s bas<span class=\"_ _6\"/>ed on its hist<span class=\"_ _6\"/>orical credit lo<span class=\"_ _6\"/>ss experience, ad<span class=\"_ _6\"/>just<span class=\"_ _6\"/>ed for for<span class=\"_ _1\"/>ward-<span class=\"_ _7\"/>lo<span class=\"_ _1\"/>oking factors specific to the deb<span class=\"_ _6\"/>tors and the econom<span class=\"_ _6\"/>ic envir<span class=\"_ _6\"/>onment. Generally,<span class=\"_ _6\"/> trade receivables are fully impaire<span class=\"_ _1\"/>d if past due more t<span class=\"_ _1\"/>han 1.<span class=\"_ _1\"/>5 year and ar<span class=\"_ _1\"/>e not subjec<span class=\"_ _1\"/>t to enforcement ac<span class=\"_ _1\"/>tivit<span class=\"_ _1\"/>y. The pr<span class=\"_ _1\"/>ovision rates are b<span class=\"_ _1\"/>ased on days past due fo<span class=\"_ _1\"/>r customers<span class=\"_ _1\"/>. The G<span class=\"_ _1\"/>roup considered vari<span class=\"_ _1\"/>ous customer se<span class=\"_ _1\"/>gments that have similar loss pat<span class=\"_ _1\"/>terns (i<span class=\"_ _1\"/>.e., by g<span class=\"_ _1\"/>eogr<span class=\"_ _1\"/>aphy, ser<span class=\"_ _1\"/>vice/produ<span class=\"_ _1\"/>ct t<span class=\"_ _1\"/>yp<span class=\"_ _1\"/>e, industr<span class=\"_ _1\"/>y, customer t<span class=\"_ _1\"/>yp<span class=\"_ _1\"/>e and rating<span class=\"_ _1\"/>, and covera<span class=\"_ _1\"/>ge from cre<span class=\"_ _1\"/>dit insurance where ap<span class=\"_ _1\"/>plicable). The ag<span class=\"_ _1\"/>eing is based on invoice due date. T<span class=\"_ _1\"/>he provision mat<span class=\"_ _1\"/>rix is initially based on t<span class=\"_ _1\"/>he Group\u2019s historic<span class=\"_ _1\"/>al obser<span class=\"_ _1\"/>ved d<span class=\"_ _1\"/>efault rates<span class=\"_ _1\"/>. The Gr<span class=\"_ _1\"/>oup calibrates th<span class=\"_ _1\"/>e matrix to adju<span class=\"_ _6\"/>st the hi<span class=\"_ _6\"/>storical credi<span class=\"_ _6\"/>t loss<span class=\"_ _6\"/> experience with forward-looking in<span class=\"_ _7\"/>for<span class=\"_ _1\"/>ma<span class=\"_ _6\"/>tion con<span class=\"_ _6\"/>sidering current mar<span class=\"_ _1\"/>ket conditions at the re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ting date. A t<span class=\"_ _1\"/>rade re<span class=\"_ _1\"/>ceivable is wr<span class=\"_ _1\"/>itte<span class=\"_ _1\"/>n off wh<span class=\"_ _1\"/>en ther<span class=\"_ _1\"/>e is no reasonable exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tation of re<span class=\"_ _1\"/>covering the contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>tual cash flo<span class=\"_ _1\"/>ws. The assessment of th<span class=\"_ _1\"/>e correlatio<span class=\"_ _1\"/>n bet<span class=\"_ _1\"/>ween histor<span class=\"_ _1\"/>ical obser<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>d default r<span class=\"_ _1\"/>ates, for<span class=\"_ _1\"/>ecast economi<span class=\"_ _1\"/>c conditions and E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>s is an estimate. The s<span class=\"_ _1\"/>ensitivit<span class=\"_ _1\"/>y of the amo<span class=\"_ _1\"/>unt of ECL<span class=\"_ _1\"/>s to changes in circumst<span class=\"_ _1\"/>ances and of forec<span class=\"_ _1\"/>ast economic condit<span class=\"_ _1\"/>ions is limited. Th<span class=\"_ _1\"/>e Group\u2019s hist<span class=\"_ _6\"/>orical credit lo<span class=\"_ _6\"/>ss experience a<span class=\"_ _6\"/>nd forecast o<span class=\"_ _6\"/>f economic c<span class=\"_ _7\"/>onditions may<span class=\"_ _6\"/> not be represe<span class=\"_ _1\"/>ntative of custome<span class=\"_ _1\"/>r\u2019s ac<span class=\"_ _1\"/>tual default in the f<span class=\"_ _1\"/>uture. T<span class=\"_ _1\"/>he Group do<span class=\"_ _1\"/>es not provi<span class=\"_ _1\"/>de detaile<span class=\"_ _1\"/>d informatio<span class=\"_ _1\"/>n on (<span class=\"_ _7\"/>a) the est<span class=\"_ _1\"/>imation techni<span class=\"_ _1\"/>ques and inputs use<span class=\"_ _1\"/>d, (<span class=\"_ _1\"/>b<span class=\"_ _7\"/>) h<span class=\"_ _1\"/>ow the forecast economi<span class=\"_ _6\"/>c cond<span class=\"_ _6\"/>itions h<span class=\"_ _6\"/>ave been inc<span class=\"_ _7\"/>or<span class=\"_ _1\"/>porated in the de<span class=\"_ _6\"/>termina<span class=\"_ _6\"/>tion of ECL and<span class=\"_ _6\"/> (<span class=\"_ _7\"/>c) changes in est<span class=\"_ _1\"/>imation techniqu<span class=\"_ _1\"/>es and inputs use<span class=\"_ _1\"/>d, be<span class=\"_ _1\"/>cause the impac<span class=\"_ _1\"/>t is not signific<span class=\"_ _1\"/>ant.Some of t<span class=\"_ _1\"/>he Group\u2019s order<span class=\"_ _1\"/>s are awarde<span class=\"_ _1\"/>d on the basis of long-ter<span class=\"_ _1\"/>m preferre<span class=\"_ _1\"/>d supplier agree<span class=\"_ _1\"/>ments<span class=\"_ _1\"/>. In the cours<span class=\"_ _1\"/>e of a year Fugro of<span class=\"_ _1\"/>ten carr<span class=\"_ _1\"/>ies out multiple p<span class=\"_ _1\"/>rojec<span class=\"_ _1\"/>ts for t<span class=\"_ _1\"/>he same client<span class=\"_ _1\"/>. Fugro t<span class=\"_ _1\"/>ypicall<span class=\"_ _1\"/>y has no single client that gen<span class=\"_ _1\"/>erates mo<span class=\"_ _1\"/>re than 5% of its r<span class=\"_ _1\"/>evenue in the year. On occasion on<span class=\"_ _1\"/>e client may gene<span class=\"_ _1\"/>rate more tha<span class=\"_ _1\"/>n 5%<span class=\"_ _1\"/>, which can happ<span class=\"_ _1\"/>en in case of exceptionall<span class=\"_ _1\"/>y large contrac<span class=\"_ _1\"/>ts w<span class=\"_ _1\"/>here most of th<span class=\"_ _1\"/>e revenue f<span class=\"_ _1\"/>alls in the accounting year<span class=\"_ _7\"/>. Having a larg<span class=\"_ _1\"/>e number of client<span class=\"_ _1\"/>s and shor<span class=\"_ _1\"/>t proje<span class=\"_ _1\"/>ct time sp<span class=\"_ _1\"/>ans mitigates Fugro\u2019s credit r<span class=\"_ _1\"/>isk as the indivi<span class=\"_ _1\"/>dual amounts re<span class=\"_ _1\"/>ceivable f<span class=\"_ _1\"/>rom the sam<span class=\"_ _1\"/>e client are limited.New customers are<span class=\"_ _6\"/> analysed i<span class=\"_ _6\"/>ndividual<span class=\"_ _7\"/>l<span class=\"_ _1\"/>y for c<span class=\"_ _6\"/>reditwor<span class=\"_ _1\"/>thiness before<span class=\"_ _6\"/> payment a<span class=\"_ _6\"/>nd delivery terms and condit<span class=\"_ _1\"/>ions are off<span class=\"_ _1\"/>ered. T<span class=\"_ _1\"/>he Gro<span class=\"_ _1\"/>up\u2019<span class=\"_ _6\"/>s revie<span class=\"_ _1\"/>w may include ex<span class=\"_ _1\"/>ternal r<span class=\"_ _1\"/>atings, wh<span class=\"_ _1\"/>ere available<span class=\"_ _1\"/>, and in some cases bank r<span class=\"_ _1\"/>eferences<span class=\"_ _1\"/>. Customers that f<span class=\"_ _1\"/>ail to meet th<span class=\"_ _1\"/>e Group\u2019s ben<span class=\"_ _1\"/>chmark credit<span class=\"_ _1\"/>wo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>hiness may transac<span class=\"_ _1\"/>t with th<span class=\"_ _1\"/>e Group onl<span class=\"_ _1\"/>y on a prepaym<span class=\"_ _1\"/>ent basis or have to provid<span class=\"_ _1\"/>e a bank guarantee<span class=\"_ _1\"/>.The majo<span class=\"_ _1\"/>rit<span class=\"_ _1\"/>y of the Gro<span class=\"_ _1\"/>up\u2019<span class=\"_ _6\"/>s client<span class=\"_ _1\"/>s has done business with th<span class=\"_ _1\"/>e Group for many ye<span class=\"_ _1\"/>ars and signific<span class=\"_ _1\"/>ant losses have only occurre<span class=\"_ _1\"/>d incidentall<span class=\"_ _1\"/>y in prior year<span class=\"_ _1\"/>s. Clie<span class=\"_ _1\"/>nts that are kn<span class=\"_ _1\"/>own to have negat<span class=\"_ _1\"/>ive credit char<span class=\"_ _1\"/>acte<span class=\"_ _1\"/>ristics a<span class=\"_ _1\"/>re individually mo<span class=\"_ _1\"/>nitored by t<span class=\"_ _1\"/>he group controlle<span class=\"_ _1\"/>rs. If client<span class=\"_ _1\"/>s fail to pay time<span class=\"_ _1\"/>ly the Gr<span class=\"_ _1\"/>oup re-assesses the credit<span class=\"_ _1\"/>wo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>hiness and stron<span class=\"_ _1\"/>ger debt collec<span class=\"_ _1\"/>tion is st<span class=\"_ _1\"/>arte<span class=\"_ _1\"/>d if deem<span class=\"_ _1\"/>ed necessar<span class=\"_ _1\"/>y. The G<span class=\"_ _1\"/>roup closely m<span class=\"_ _1\"/>onitors cer<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ain clients that nee<span class=\"_ _1\"/>d ex<span class=\"_ _1\"/>tra at<span class=\"_ _1\"/>tention b<span class=\"_ _1\"/>efore a contr<span class=\"_ _1\"/>act is close<span class=\"_ _1\"/>d.For o<span class=\"_ _1\"/>ther finan<span class=\"_ _1\"/>cial assets, E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>s are re<span class=\"_ _1\"/>cognised in t<span class=\"_ _1\"/>wo stag<span class=\"_ _1\"/>es. Fo<span class=\"_ _1\"/>r credit exp<span class=\"_ _1\"/>osures for which th<span class=\"_ _1\"/>ere has not be<span class=\"_ _1\"/>en a significant inc<span class=\"_ _1\"/>rease in credit risk since initial re<span class=\"_ _1\"/>cognition<span class=\"_ _1\"/>, ECL<span class=\"_ _1\"/>s are p<span class=\"_ _1\"/>rovide<span class=\"_ _1\"/>d for credit l<span class=\"_ _1\"/>osses that result from def<span class=\"_ _1\"/>ault events that are p<span class=\"_ _1\"/>ossible within the ne<span class=\"_ _1\"/>xt 1<span class=\"_ _1\"/>2<span class=\"_ _6\"/>-months (a 12<span class=\"_ _6\"/>-month EC<span class=\"_ _1\"/>L). Th<span class=\"_ _1\"/>e Group consider<span class=\"_ _1\"/>s that there has b<span class=\"_ _1\"/>een a signific<span class=\"_ _1\"/>ant increase in credit r<span class=\"_ _1\"/>isk when contrac<span class=\"_ _1\"/>tual paym<span class=\"_ _1\"/>ents are mo<span class=\"_ _1\"/>re than 3<span class=\"_ _1\"/>0 days past due. F<span class=\"_ _1\"/>or those cre<span class=\"_ _1\"/>dit exposures fo<span class=\"_ _1\"/>r which the<span class=\"_ _1\"/>re has been a signif<span class=\"_ _1\"/>icant increase in cre<span class=\"_ _1\"/>dit risk since initial recognit<span class=\"_ _1\"/>ion, a loss allo<span class=\"_ _1\"/>wance is require<span class=\"_ _1\"/>d for credit l<span class=\"_ _1\"/>osses expe<span class=\"_ _1\"/>cted ov<span class=\"_ _1\"/>er the remaining life of the e<span class=\"_ _1\"/>xposure, ir<span class=\"_ _1\"/>respec<span class=\"_ _1\"/>tive of the t<span class=\"_ _1\"/>iming of the def<span class=\"_ _1\"/>ault (<span class=\"_ _7\"/>a lifetim<span class=\"_ _1\"/>e ECL<span class=\"_ _1\"/>). The G<span class=\"_ _1\"/>roup considers a f<span class=\"_ _1\"/>inancial asset in default wh<span class=\"_ _1\"/>en contrac<span class=\"_ _1\"/>tual paym<span class=\"_ _1\"/>ents are 9<span class=\"_ _1\"/>0 days past due. H<span class=\"_ _1\"/>owever, in cert<span class=\"_ _1\"/>ain cases, th<span class=\"_ _1\"/>e Group may also consider a f<span class=\"_ _1\"/>inancial asset to be in default w<span class=\"_ _1\"/>hen internal or ex<span class=\"_ _1\"/>ter<span class=\"_ _1\"/>nal information indi<span class=\"_ _1\"/>cates that the Gr<span class=\"_ _1\"/>oup is unlikely to receive the out<span class=\"_ _1\"/>standing contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>tual amounts in f<span class=\"_ _1\"/>ull before t<span class=\"_ _1\"/>aking into account any credit enhancement<span class=\"_ _1\"/>s (insofar appli<span class=\"_ _1\"/>cable) held by the G<span class=\"_ _1\"/>roup. A finan<span class=\"_ _1\"/>cial asset is writ<span class=\"_ _1\"/>ten off wh<span class=\"_ _1\"/>en ther<span class=\"_ _1\"/>e is no reasonable exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tation of re<span class=\"_ _1\"/>covering the contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>tual cash flo<span class=\"_ _1\"/>ws. A f<span class=\"_ _1\"/>inancial asset is \u2018<span class=\"_ _6\"/>credit-impaired<span class=\"_ _1\"/>\u2019 when one o<span class=\"_ _1\"/>r more event<span class=\"_ _1\"/>s that have a detrime<span class=\"_ _1\"/>ntal impac<span class=\"_ _1\"/>t on the estimated f<span class=\"_ _1\"/>uture cash fl<span class=\"_ _1\"/>ows of the f<span class=\"_ _1\"/>inancial asset have occurred<span class=\"_ _1\"/>.The G<span class=\"_ _1\"/>roup has no signific<span class=\"_ _1\"/>ant lease arran<span class=\"_ _1\"/>gement<span class=\"_ _1\"/>s in which it is a lessor.The G<span class=\"_ _1\"/>roup\u2019s carr<span class=\"_ _1\"/>ying am<span class=\"_ _1\"/>ount of cash and cash equivale<span class=\"_ _1\"/>nts repres<span class=\"_ _1\"/>ents its ma<span class=\"_ _1\"/>ximum credit exp<span class=\"_ _1\"/>osure on these assets<span class=\"_ _1\"/>. The cash and c<span class=\"_ _1\"/>ash equivalent<span class=\"_ _1\"/>s are held wi<span class=\"_ _1\"/>th bank and finan<span class=\"_ _1\"/>cial insti<span class=\"_ _6\"/>tution cou<span class=\"_ _6\"/>nterparties, which hav<span class=\"_ _6\"/>e \u2018i<span class=\"_ _6\"/>nvestmen<span class=\"_ _6\"/>t grade\u2019 credit rati<span class=\"_ _6\"/>ngs.Credit risk expos<span class=\"_ _6\"/>ureThe ma<span class=\"_ _1\"/>ximum exposure to cre<span class=\"_ _1\"/>dit risk at the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date is the car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amount of each class of financial asset<span class=\"_ _1\"/>s (<span class=\"_ _6\"/>such as loans, de<span class=\"_ _1\"/>posits<span class=\"_ _1\"/>, receiv<span class=\"_ _1\"/>ables and unbille<span class=\"_ _1\"/>d revenue on completed p<span class=\"_ _1\"/>rojec<span class=\"_ _1\"/>ts). The group hol<span class=\"_ _1\"/>ds no collateral as secur<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y on the long-ter<span class=\"_ _1\"/>m loans, deposits, other long-<span class=\"_ _7\"/>term receivables, trade and other receivables a<span class=\"_ _6\"/>nd unbi<span class=\"_ _6\"/>lled revenue<span class=\"_ _6\"/> on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s. A<span class=\"_ _1\"/>s such, t<span class=\"_ _1\"/>he Group do<span class=\"_ _1\"/>es not have financial asset<span class=\"_ _1\"/>s for whic<span class=\"_ _1\"/>h no loss allowan<span class=\"_ _1\"/>ce is recognised b<span class=\"_ _1\"/>ecause of collateral<span class=\"_ _1\"/>. The max<span class=\"_ _1\"/>imum exposure for tr<span class=\"_ _1\"/>ade receiv<span class=\"_ _1\"/>ables and unbille<span class=\"_ _1\"/>d revenue on (completed<span class=\"_ _1\"/>) contra<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s at the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date by geo<span class=\"_ _1\"/>graphic r<span class=\"_ _1\"/>egion is disclose<span class=\"_ _1\"/>d in the segm<span class=\"_ _1\"/>ent repor<span class=\"_ _1\"/>ting n<span class=\"_ _1\"/>ote and equals the c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt.The<span class=\"_ _1\"/>re was no visible impac<span class=\"_ _1\"/>t of macro<span class=\"_ _1\"/>economic eve<span class=\"_ _1\"/>nts arising in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 on the Gro<span class=\"_ _1\"/>up\u2019<span class=\"_ _6\"/>s credit risk exp<span class=\"_ _1\"/>osure. Fur<span class=\"_ _1\"/>therm<span class=\"_ _1\"/>ore, no mater<span class=\"_ _1\"/>ial change to EC<span class=\"_ _1\"/>L<span class=\"_ _1\"/>s on tra<span class=\"_ _1\"/>de receiv<span class=\"_ _1\"/>ables out<span class=\"_ _1\"/>standing with cu<span class=\"_ _6\"/>stomers and un<span class=\"_ _6\"/>billed rev<span class=\"_ _6\"/>enue on (<span class=\"_ _7\"/>completed) projects was deemed necessar<span class=\"_ _1\"/>y<span class=\"_ _7\"/>.Refer to <span class=\"fc14\">no<span class=\"_ _1\"/>te 25</span><span class=\"ls9e wsa2\"> Trade and<span class=\"_ _6\"/> other receivables for<span class=\"_ _6\"/> detail<span class=\"_ _6\"/>s on the ageing<span class=\"_ _6\"/> and reco<span class=\"_ _6\"/>verability of </span>trade receivables and u<span class=\"_ _6\"/>nbil<span class=\"_ _6\"/>led revenues.Cash and cash equi<span class=\"_ _1\"/>valent<span class=\"_ _1\"/>s are gener<span class=\"_ _1\"/>ally held w<span class=\"_ _1\"/>ith large well-kn<span class=\"_ _1\"/>own banks w<span class=\"_ _1\"/>ith adequate credit r<span class=\"_ _1\"/>atings only.3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>3 <span class=\"_ _57\"> </span><span class=\"ff2 fs3 ls9e wsa2\">Li<span class=\"_ _1\"/>quidity r<span class=\"_ _1\"/>isk</span>Liqui<span class=\"_ _1\"/>dity r<span class=\"_ _1\"/>isk is the risk that the Gr<span class=\"_ _1\"/>oup will encounter diff<span class=\"_ _1\"/>icult<span class=\"_ _1\"/>y in meet<span class=\"_ _1\"/>ing the obligati<span class=\"_ _1\"/>ons associated w<span class=\"_ _1\"/>ith its f<span class=\"_ _1\"/>inancial liabilities that are s<span class=\"_ _1\"/>ettl<span class=\"_ _1\"/>ed by delive<span class=\"_ _1\"/>ring cash or anoth<span class=\"_ _1\"/>er financial asset<span class=\"_ _1\"/>. The G<span class=\"_ _1\"/>roup\u2019s approach to managing li<span class=\"_ _1\"/>quidity is to ensure, as f<span class=\"_ _1\"/>ar as possible, that it will alway<span class=\"_ _1\"/>s have su<span class=\"_ _6\"/>ff<span class=\"_ _1\"/>icient liquidit<span class=\"_ _1\"/>y to me<span class=\"_ _1\"/>et its liabilit<span class=\"_ _1\"/>ies when due<span class=\"_ _1\"/>, under bot<span class=\"_ _1\"/>h normal and s<span class=\"_ _6\"/>tressed c<span class=\"_ _6\"/>onditions, withou<span class=\"_ _6\"/>t incu<span class=\"_ _6\"/>rring unac<span class=\"_ _7\"/>ceptable losse<span class=\"_ _6\"/>s or ris<span class=\"_ _6\"/>king da<span class=\"_ _6\"/>mage to the G<span class=\"_ _1\"/>roup\u2019s reputation<span class=\"_ _1\"/>. The glo<span class=\"_ _1\"/>bal cash poo<span class=\"_ _1\"/>l makes it possible for th<span class=\"_ _1\"/>e company to use the cash surplus wit<span class=\"_ _1\"/>hin the group to re<span class=\"_ _1\"/>duce the overdraf<span class=\"_ _1\"/>t<span class=\"_ _1\"/>s at its main uncommit<span class=\"_ _1\"/>ted fa<span class=\"_ _1\"/>cilities<span class=\"_ _1\"/>.As at 3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, Fu<span class=\"_ _1\"/>gro holds tr<span class=\"_ _1\"/>apped c<span class=\"_ _1\"/>ash balances in Angola an<span class=\"_ _1\"/>d Niger<span class=\"_ _1\"/>ia (<span class=\"_ _7\"/>as quantifie<span class=\"_ _1\"/>d in <span class=\"fc14\">note 26</span> C<span class=\"_ _1\"/>ash and cash equivale<span class=\"_ _1\"/>nts<span class=\"_ _6\"/>), where e<span class=\"_ _1\"/>xchange controls appl<span class=\"_ _1\"/>y<span class=\"_ _6\"/>. The company e<span class=\"_ _1\"/>xpec<span class=\"_ _1\"/>ts t<span class=\"_ _1\"/>hat these exchang<span class=\"_ _1\"/>e controls will become l<span class=\"_ _1\"/>ess when the o<span class=\"_ _1\"/>il and gas market conditi<span class=\"_ _1\"/>ons are expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d to improve and whe<span class=\"_ _1\"/>n Angola an<span class=\"_ _1\"/>d Niger<span class=\"_ _1\"/>ia will have increase<span class=\"_ _1\"/>d inflow of USD in r<span class=\"_ _1\"/>elation to the<span class=\"_ _1\"/>ir oil business. In addit<span class=\"_ _1\"/>ion, se<span class=\"_ _1\"/>veral ac<span class=\"_ _1\"/>tions have been explored to furth<span class=\"_ _1\"/>er lower th<span class=\"_ _6\"/>is amou<span class=\"_ _6\"/>nt.The G<span class=\"_ _1\"/>roup monitor<span class=\"_ _1\"/>s cash flo<span class=\"_ _1\"/>w on a regular basis and op<span class=\"_ _1\"/>erates wit<span class=\"_ _1\"/>h a global cash po<span class=\"_ _1\"/>ol. Consolidated c<span class=\"_ _1\"/>ash flow infor<span class=\"_ _1\"/>mation, inc<span class=\"_ _1\"/>luding a projec<span class=\"_ _1\"/>tion f<span class=\"_ _1\"/>or the year, is repor<span class=\"_ _1\"/>ted o<span class=\"_ _1\"/>n a monthly b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s to the B<span class=\"_ _1\"/>oard of Manage<span class=\"_ _1\"/>ment, e<span class=\"_ _1\"/>ns<span class=\"_ _6\"/>uring that th<span class=\"_ _1\"/>e Group has suff<span class=\"_ _1\"/>icient cash on deman<span class=\"_ _1\"/>d (<span class=\"_ _7\"/>or av<span class=\"_ _1\"/>ailable lines of credit<span class=\"_ _1\"/>) to meet exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted near te<span class=\"_ _1\"/>rm oper<span class=\"_ _1\"/>ational exp<span class=\"_ _1\"/>enditures. C<span class=\"_ _1\"/>ash flow p<span class=\"_ _1\"/>rojec<span class=\"_ _1\"/>tions exclud<span class=\"_ _1\"/>e the potent<span class=\"_ _1\"/>ial impact of ex<span class=\"_ _1\"/>tre<span class=\"_ _1\"/>me circumstances that cann<span class=\"_ _1\"/>ot reasonably b<span class=\"_ _1\"/>e predic<span class=\"_ _1\"/>ted<span class=\"_ _1\"/>, such as natural disasters<span class=\"_ _1\"/>. The Gr<span class=\"_ _1\"/>oup maintains t<span class=\"_ _1\"/>he foll<span class=\"_ _1\"/>owing lin<span class=\"_ _1\"/>es of cre<span class=\"_ _1\"/>dit: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>A senior te<span class=\"_ _1\"/>rm loan f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y totalling EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>0 million ref<span class=\"_ _1\"/>inanced in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 under the n<span class=\"_ _1\"/>ew Senio<span class=\"_ _1\"/>r Facilit<span class=\"_ _1\"/>y arrang<span class=\"_ _1\"/>ement to repla<span class=\"_ _1\"/>ce the existing f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y (Refe<span class=\"_ _1\"/>r to <span class=\"fc14\">Note 5</span> Ref<span class=\"_ _1\"/>inancing 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 for more det<span class=\"_ _1\"/>ails<span class=\"_ _7\"/>). A<span class=\"_ _1\"/>s at 31 De<span class=\"_ _1\"/>cember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, the fa<span class=\"_ _1\"/>cility w<span class=\"_ _1\"/>as drawn fo<span class=\"_ _1\"/>r EUR 2<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 million (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 1<span class=\"_ _1\"/>8<span class=\"_ _1\"/>8 million from th<span class=\"_ _1\"/>e then ex<span class=\"_ _1\"/>isting super senior te<span class=\"_ _1\"/>rm loan f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y totalling EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>0 million). Thes<span class=\"_ _1\"/>e bank faciliti<span class=\"_ _1\"/>es have been se<span class=\"_ _1\"/>cured until D<span class=\"_ _1\"/>ecember 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>5<span class=\"_ _1\"/>. Reference is also made to t<span class=\"_ _1\"/>he Senior R<span class=\"_ _1\"/>CF of EU<span class=\"_ _1\"/>R 14<span class=\"_ _1\"/>0 million and ancillar<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y of EUR 6<span class=\"_ _1\"/>0 million<span class=\"_ _1\"/>, which are undr<span class=\"_ _1\"/>awn as of 31 De<span class=\"_ _1\"/>cember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>A vari<span class=\"_ _1\"/>et<span class=\"_ _1\"/>y of unsecured overdr<span class=\"_ _1\"/>aft f<span class=\"_ _1\"/>acilities in v<span class=\"_ _1\"/>arious curre<span class=\"_ _1\"/>ncies totalling aro<span class=\"_ _1\"/>und EUR 74 million of which E<span class=\"_ _1\"/>UR 2<span class=\"_ _1\"/>.1 million have bee<span class=\"_ _1\"/>n drawn at 31 D<span class=\"_ _1\"/>ecemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>22 (3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 5<span class=\"_ _1\"/>4 million w<span class=\"_ _1\"/>ith EUR 1<span class=\"_ _1\"/>.<span class=\"_ _1\"/>8 million draw<span class=\"_ _1\"/>n<span class=\"_ _7\"/>). T<span class=\"_ _1\"/>he amount of such f<span class=\"_ _1\"/>acilities, to t<span class=\"_ _1\"/>he ex<span class=\"_ _1\"/>tent not othe<span class=\"_ _1\"/>r<span class=\"_ _1\"/>wise permit<span class=\"_ _1\"/>ted un<span class=\"_ _1\"/>der the SFA<span class=\"_ _0\"/>, that the Gr<span class=\"_ _1\"/>oup may have outst<span class=\"_ _1\"/>anding is limited to EU<span class=\"_ _1\"/>R 15<span class=\"_ _1\"/>,<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _0\"/>0 in aggregate to<span class=\"_ _1\"/>gether w<span class=\"_ _1\"/>ith any other f<span class=\"_ _1\"/>inancial indebte<span class=\"_ _1\"/>dness of the Gr<span class=\"_ _1\"/>oup that is not other<span class=\"_ _1\"/>w<span class=\"_ _1\"/>ise permit<span class=\"_ _1\"/>ted und<span class=\"_ _1\"/>er the SFA<span class=\"_ _1\"/>.The f<span class=\"_ _1\"/>ollowing are th<span class=\"_ _1\"/>e contrac<span class=\"_ _1\"/>tual maturiti<span class=\"_ _1\"/>es of financial liabiliti<span class=\"_ _1\"/>es including interest payments:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _20e\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022</span>Ca<span class=\"_ _1\"/>rr<span class=\"_ _1\"/>yi<span class=\"_ _1\"/>ng Contractual 6 mo<span class=\"_ _1\"/>nths  Mo<span class=\"_ _1\"/>re tha<span class=\"_ _1\"/>n  amountcash flowsor less<span class=\"_ _ce\"> </span><span class=\"ls2 ws2\">7 \u2013 12 mo<span class=\"_ _1\"/>nth<span class=\"_ _1\"/>s<span class=\"_ _f3\"> </span>1 \u2013 2 ye<span class=\"_ _1\"/>ars<span class=\"_ _47\"> </span>3 \u2013 5 ye<span class=\"_ _1\"/>ars</span>5 year<span class=\"_ _1\"/>sSenior term loan<span class=\"_ _6\"/> EUR 20<span class=\"_ _1\"/>0 million<span class=\"_ _263\"> </span>200,234<span class=\"_ _fa\"> </span><span class=\"ls2 ws2\">22<span class=\"_ _1\"/>5,372<span class=\"_ _5d\"> </span>4,283<span class=\"_ _89\"> </span>4,213<span class=\"_ _5d\"> </span>8,426<span class=\"_ _2b\"> </span>208,45<span class=\"_ _1\"/>0</span>-Subo<span class=\"_ _1\"/>rdinated unsecur<span class=\"_ _1\"/>ed conver<span class=\"_ _1\"/>tib<span class=\"_ _1\"/>le bonds in E<span class=\"_ _1\"/>UR 1<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1ed\"> </span>40,348<span class=\"_ _65\"> </span>46,324<span class=\"_ _231\"> </span><span class=\"ls43 ws4b\">956<span class=\"_ _231\"> </span>956<span class=\"_ _6e\"> </span></span>44,412-<span class=\"_ _26d\"> </span>-Le<span class=\"_ _1\"/>ase liabiliti<span class=\"_ _1\"/>es<span class=\"_ _28c\"> </span><span class=\"ls2 ws2\">168,974<span class=\"_ _86\"> </span>232,2<span class=\"_ _1\"/>38<span class=\"_ _22\"> </span>22,521<span class=\"_ _21f\"> </span>55,903<span class=\"_ _22\"> </span>31,24<span class=\"_ _1\"/>5<span class=\"_ _6e\"> </span>43,2<span class=\"_ _1\"/>51<span class=\"_ _22\"> </span>79,318</span>Other loans and<span class=\"_ _6\"/> long-<span class=\"_ _6\"/>term borrowings <span class=\"_ _1e3\"> </span><span class=\"ls2 ws2\">4,886<span class=\"_ _61\"> </span>4,886</span>-3,801<span class=\"_ _87\"> </span>1,085-<span class=\"_ _26d\"> </span>-T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade and<span class=\"_ _6\"/> other payables<span class=\"_ _28d\"> </span><span class=\"ls2 ws2\">410,794<span class=\"_ _b3\"> </span>410,794<span class=\"_ _38\"> </span>410,7<span class=\"_ _1\"/>94</span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _e3\"> </span>-Bank ove<span class=\"_ _1\"/>rdraf<span class=\"_ _1\"/>t<span class=\"_ _28e\"> </span>2,059<span class=\"_ _5d\"> </span>2,0<span class=\"_ _1\"/>59<span class=\"_ _5d\"> </span>2,059-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _e3\"> </span>-Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _28f\"> </span>827<span class=\"_ _3\"/>,295<span class=\"_ _fa\"> </span><span class=\"ls2 ws2\">921,673<span class=\"_ _f9\"> </span>44<span class=\"_ _1\"/>0,613<span class=\"_ _b4\"> </span>64,873<span class=\"_ _84\"> </span>85,<span class=\"_ _6\"/>168<span class=\"_ _6f\"> </span>251,701<span class=\"_ _5f\"> </span>79,318</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _21d\"> </span><span class=\"ff7 fs3 ls1dc ws1e2\">2021</span>Ca<span class=\"_ _1\"/>rr<span class=\"_ _1\"/>yi<span class=\"_ _1\"/>ng Contractual 6 mo<span class=\"_ _1\"/>nths  Mo<span class=\"_ _1\"/>re tha<span class=\"_ _1\"/>n  amountcash flowsor less<span class=\"_ _ce\"> </span><span class=\"ls2 ws2\">7 \u2013 12 mo<span class=\"_ _1\"/>nth<span class=\"_ _1\"/>s<span class=\"_ _f3\"> </span>1 \u2013 2 ye<span class=\"_ _1\"/>ars<span class=\"_ _47\"> </span>3 \u2013 5 ye<span class=\"_ _1\"/>ars</span>5 year<span class=\"_ _1\"/>sSupe<span class=\"_ _1\"/>r senior re<span class=\"_ _1\"/>volving c<span class=\"_ _1\"/>redit f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y in EU<span class=\"_ _1\"/>R 25<span class=\"_ _1\"/>0 millio<span class=\"_ _1\"/>n<span class=\"_ _290\"> </span><span class=\"ff8 fc14\">12,521<span class=\"_ _22\"> </span>12,592<span class=\"_ _6e\"> </span>12,592</span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _26d\"> </span>-Super senior<span class=\"_ _6\"/> term loan EUR 20<span class=\"_ _1\"/>0 mil<span class=\"_ _6\"/>lion<span class=\"_ _150\"> </span><span class=\"ff8 fc14 ls2 ws2\">18<span class=\"_ _1\"/>6,217<span class=\"_ _c0\"> </span>214,419<span class=\"_ _92\"> </span>5,671<span class=\"_ _89\"> </span>6,212<span class=\"_ _39\"> </span>202,5<span class=\"_ _1\"/>36</span>-<span class=\"_ _26d\"> </span>-Subo<span class=\"_ _1\"/>rdinated unsecur<span class=\"_ _1\"/>ed conver<span class=\"_ _1\"/>tib<span class=\"_ _1\"/>le bonds in E<span class=\"_ _1\"/>UR 1<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _25d\"> </span><span class=\"ff8 fc14\">92,<span class=\"_ _7\"/>123<span class=\"_ _c0\"> </span>113,500<span class=\"_ _5d\"> </span>2,2<span class=\"_ _1\"/>50<span class=\"_ _65\"> </span>111,250</span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _e3\"> </span>-Le<span class=\"_ _1\"/>ase liabiliti<span class=\"_ _1\"/>es<span class=\"_ _291\"> </span><span class=\"ff8 fc14 ls2 ws2\">147<span class=\"_ _7\"/>,424<span class=\"_ _f9\"> </span>18<span class=\"_ _1\"/>6,226<span class=\"_ _84\"> </span><span class=\"ls43 ws4b\">16,045<span class=\"_ _a1\"> </span></span>14,5<span class=\"_ _1\"/>86<span class=\"_ _65\"> </span>25,929<span class=\"_ _9b\"> </span>66,328<span class=\"_ _65\"> </span>63,338</span>Other loans and<span class=\"_ _6\"/> long-<span class=\"_ _6\"/>term borrowings <span class=\"_ _1bc\"> </span><span class=\"ff8 fc14 ls2 ws2\">1,558<span class=\"_ _87\"> </span>1,5<span class=\"_ _1\"/>58<span class=\"_ _87\"> </span>1,55<span class=\"_ _1\"/>8</span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _26d\"> </span>-T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade and<span class=\"_ _6\"/> other payables<span class=\"_ _292\"> </span><span class=\"ff8 fc14 ls2 ws2\">383,007<span class=\"_ _39\"> </span>383,007<span class=\"_ _39\"> </span>383,007</span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _26d\"> </span>-Bank ove<span class=\"_ _1\"/>rdraf<span class=\"_ _1\"/>t<span class=\"_ _293\"> </span><span class=\"ff8 fc14\">1,824<span class=\"_ _87\"> </span>1,824<span class=\"_ _70\"> </span>1,824</span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _26d\"> </span>-Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _28d\"> </span><span class=\"fc14\">824,674<span class=\"_ _c0\"> </span>913,<span class=\"_ _7\"/>126<span class=\"_ _39\"> </span>422,947<span class=\"_ _f9\"> </span>132,048<span class=\"_ _2b\"> </span>228,465<span class=\"_ _b4\"> </span>66,328<span class=\"_ _b4\"> </span>63,338</span>The interes<span class=\"_ _1\"/>t included in th<span class=\"_ _1\"/>e above tabl<span class=\"_ _1\"/>e is based on the cur<span class=\"_ _1\"/>rent amounts b<span class=\"_ _1\"/>orro<span class=\"_ _1\"/>wed with current interest r<span class=\"_ _1\"/>ates against the cur<span class=\"_ _1\"/>rent exchange r<span class=\"_ _1\"/>ate (if applicabl<span class=\"_ _1\"/>e<span class=\"_ _7\"/>). N<span class=\"_ _1\"/>o assumptions are include<span class=\"_ _1\"/>d for possible f<span class=\"_ _1\"/>uture changes in b<span class=\"_ _1\"/>orrowin<span class=\"_ _1\"/>gs, interest paym<span class=\"_ _1\"/>ents or th<span class=\"_ _1\"/>e one year term-e<span class=\"_ _1\"/>xten<span class=\"_ _1\"/>ding option on t<span class=\"_ _1\"/>he senior R<span class=\"_ _1\"/>CF and senio<span class=\"_ _1\"/>r term loan<span class=\"_ _1\"/>. It is not exp<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d that the cash flo<span class=\"_ _1\"/>ws include<span class=\"_ _1\"/>d in the maturit<span class=\"_ _1\"/>y analysis could o<span class=\"_ _1\"/>ccur s<span class=\"_ _6\"/>ignifi<span class=\"_ _1\"/>cantly earlie<span class=\"_ _1\"/>r<span class=\"_ _7\"/>, o<span class=\"_ _1\"/>r at signif<span class=\"_ _1\"/>ica<span class=\"_ _1\"/>ntly dif<span class=\"_ _1\"/>fe<span class=\"_ _1\"/>rent am<span class=\"_ _1\"/>ount<span class=\"_ _1\"/>s.3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>.4 <span class=\"_ _26c\"> </span><span class=\"ff2 fs3 ls13 ws1fb\">Marke<span class=\"_ _6\"/>t ri<span class=\"_ _6\"/>sk</span>Market r<span class=\"_ _1\"/>isk includes changes in mar<span class=\"_ _1\"/>ket prices, such as fo<span class=\"_ _1\"/>reign exchange r<span class=\"_ _1\"/>ates, interest rates and e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y prices which will af<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t the G<span class=\"_ _1\"/>roup\u2019s income or the valu<span class=\"_ _1\"/>e of its hol<span class=\"_ _1\"/>dings of financial inst<span class=\"_ _1\"/>rument<span class=\"_ _1\"/>s. The o<span class=\"_ _1\"/>bjec<span class=\"_ _1\"/>tive of market risk manag<span class=\"_ _1\"/>ement is to manage and contro<span class=\"_ _1\"/>l market risk exp<span class=\"_ _1\"/>osures within acceptable p<span class=\"_ _1\"/>arameter<span class=\"_ _1\"/>s, while o<span class=\"_ _1\"/>ptimising the return<span class=\"_ _1\"/>.3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>.4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>1 <span class=\"_\"> </span>Curre<span class=\"_ _1\"/>nc<span class=\"_ _1\"/>y riskThe gl<span class=\"_ _1\"/>obal nature of the business of th<span class=\"_ _1\"/>e Group exp<span class=\"_ _1\"/>oses the op<span class=\"_ _1\"/>erati<span class=\"_ _1\"/>ons and repo<span class=\"_ _1\"/>rte<span class=\"_ _1\"/>d financial r<span class=\"_ _1\"/>esults and cash fl<span class=\"_ _1\"/>ows to the r<span class=\"_ _1\"/>isks arising from f<span class=\"_ _1\"/>luc<span class=\"_ _1\"/>tuations in exchange r<span class=\"_ _1\"/>ates. Currenc<span class=\"_ _1\"/>y r<span class=\"_ _1\"/>isk i<span class=\"_ _6\"/>s the risk that re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ted f<span class=\"_ _1\"/>inancial per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>mance, or the f<span class=\"_ _1\"/>air value or f<span class=\"_ _1\"/>uture cash fl<span class=\"_ _1\"/>ows of a financial inst<span class=\"_ _1\"/>rument<span class=\"_ _1\"/>, will fluc<span class=\"_ _1\"/>tuate be<span class=\"_ _1\"/>cause of changes in for<span class=\"_ _1\"/>eign exchange rates<span class=\"_ _1\"/>. Fugro op<span class=\"_ _1\"/>erates in many countries an<span class=\"_ _1\"/>d currencie<span class=\"_ _1\"/>s and therefo<span class=\"_ _1\"/>re currenc<span class=\"_ _1\"/>y flu<span class=\"_ _1\"/>ctuati<span class=\"_ _1\"/>ons may inevitabl<span class=\"_ _1\"/>y impact it<span class=\"_ _1\"/>s financia<span class=\"_ _1\"/>l results. Fug<span class=\"_ _1\"/>ro is expose<span class=\"_ _1\"/>d to currenc<span class=\"_ _1\"/>y risk in the following area<span class=\"_ _6\"/>s: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>T<span class=\"_ _6\"/>ransac<span class=\"_ _1\"/>tion ex<span class=\"_ _1\"/>posures related to anti<span class=\"_ _1\"/>cipated sales an<span class=\"_ _1\"/>d purchases and on-balance-sheet receivables/<span class=\"_ _6\"/>payables re<span class=\"_ _6\"/>sul<span class=\"_ _6\"/>ting from s<span class=\"_ _7\"/>uch transactions. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>T<span class=\"_ _6\"/>ranslation ex<span class=\"_ _1\"/>posure resulting from t<span class=\"_ _1\"/>ranslation of it<span class=\"_ _1\"/>s oper<span class=\"_ _1\"/>ations in non-E<span class=\"_ _1\"/>uro currenci<span class=\"_ _1\"/>es to Euros. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>T<span class=\"_ _6\"/>ranslation ex<span class=\"_ _1\"/>posure to equit<span class=\"_ _1\"/>y interest<span class=\"_ _1\"/>s in non-funct<span class=\"_ _1\"/>ional-curre<span class=\"_ _1\"/>ncy invest<span class=\"_ _1\"/>ments in associates and f<span class=\"_ _1\"/>inancial assets at f<span class=\"_ _1\"/>air value.T<span class=\"_ _6\"/>o mitigate the imp<span class=\"_ _1\"/>act of curr<span class=\"_ _1\"/>enc<span class=\"_ _1\"/>y exchange r<span class=\"_ _1\"/>ate fluc<span class=\"_ _1\"/>tuations<span class=\"_ _1\"/>, the Gro<span class=\"_ _1\"/>up continually assesses the exp<span class=\"_ _1\"/>osure to currenc<span class=\"_ _1\"/>y risk<span class=\"_ _1\"/>s and if deeme<span class=\"_ _1\"/>d necessar<span class=\"_ _1\"/>y a p<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tion of those r<span class=\"_ _1\"/>isks is hed<span class=\"_ _1\"/>ged by using der<span class=\"_ _1\"/>ivative f<span class=\"_ _1\"/>inancial instrume<span class=\"_ _1\"/>nts. T<span class=\"_ _1\"/>he princip<span class=\"_ _1\"/>al deriv<span class=\"_ _1\"/>ative financia<span class=\"_ _1\"/>l instrumen<span class=\"_ _6\"/>ts used to c<span class=\"_ _7\"/>over foreign currency exposure<span class=\"_ _6\"/> are forward foreign currency exchange contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>ts. A<span class=\"_ _1\"/>s of 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, there ar<span class=\"_ _1\"/>e no material for<span class=\"_ _1\"/>w<span class=\"_ _1\"/>ard foreign curren<span class=\"_ _1\"/>cy exchan<span class=\"_ _1\"/>ge contrac<span class=\"_ _1\"/>ts o<span class=\"_ _1\"/>utstan<span class=\"_ _1\"/>ding (<span class=\"_ _7\"/>consistent with p<span class=\"_ _1\"/>rior year). It is note<span class=\"_ _1\"/>d that the senior R<span class=\"_ _1\"/>CF and senio<span class=\"_ _1\"/>r term loan may also b<span class=\"_ _1\"/>e drawn in US do<span class=\"_ _1\"/>llar<span class=\"_ _7\"/>.For f<span class=\"_ _1\"/>oreign exchang<span class=\"_ _1\"/>e exposure ar<span class=\"_ _1\"/>isi<span class=\"_ _6\"/>ng fro<span class=\"_ _1\"/>m intercompany loans, wh<span class=\"_ _1\"/>ere the G<span class=\"_ _1\"/>roup enters into such arran<span class=\"_ _1\"/>gement<span class=\"_ _1\"/>s the financ<span class=\"_ _1\"/>ing is gener<span class=\"_ _1\"/>ally provid<span class=\"_ _1\"/>ed in the fun<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>nal currenc<span class=\"_ _1\"/>y of the subsidiar<span class=\"_ _1\"/>y. Interest on ex<span class=\"_ _1\"/>ternal b<span class=\"_ _1\"/>orrow<span class=\"_ _1\"/>ings is denominated in th<span class=\"_ _1\"/>e currenc<span class=\"_ _1\"/>y of the bor<span class=\"_ _1\"/>rowing. G<span class=\"_ _1\"/>ener<span class=\"_ _1\"/>ally, the Group\u2019s bo<span class=\"_ _1\"/>rrowings are d<span class=\"_ _1\"/>enominated in Euro<span class=\"_ _1\"/>, cons<span class=\"_ _6\"/>istent with the presenta<span class=\"_ _6\"/>tion currency of the grou<span class=\"_ _6\"/>p. Borrowing facilitie<span class=\"_ _6\"/>s in o<span class=\"_ _6\"/>ther currencies, inc<span class=\"_ _6\"/>luding<span class=\"_ _6\"/> the US d<span class=\"_ _1\"/>ollar<span class=\"_ _7\"/>, ar<span class=\"_ _1\"/>e also available to the G<span class=\"_ _1\"/>roup. In addit<span class=\"_ _1\"/>ion, le<span class=\"_ _1\"/>ase liabilities are gen<span class=\"_ _1\"/>erally denom<span class=\"_ _1\"/>inated in currenci<span class=\"_ _1\"/>es that match the cash f<span class=\"_ _1\"/>lows gen<span class=\"_ _1\"/>erated b<span class=\"_ _1\"/>y the under<span class=\"_ _1\"/>lying operations of the<span class=\"_ _6\"/> Group.App<span class=\"_ _1\"/>licable exchang<span class=\"_ _1\"/>e rates at 31 D<span class=\"_ _1\"/>ecember f<span class=\"_ _1\"/>or major non-Eur<span class=\"_ _1\"/>o currencies to t<span class=\"_ _1\"/>he Euro are shown a<span class=\"_ _6\"/>s follows: <span class=\"_ _63\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _d0\"> </span></span>2<span class=\"_ _1\"/>022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span> <span class=\"_ _294\"> </span><span class=\"ff2 fs36 ls1da ws1e0\">Closin<span class=\"_ _1\"/>g rates<span class=\"_ _295\"> </span><span class=\"ls2 ws2\">Wei<span class=\"_ _1\"/>ghte<span class=\"_ _1\"/>d aver<span class=\"_ _1\"/>age r<span class=\"_ _1\"/>ate<span class=\"_ _1\"/>s</span></span> <span class=\"_ _8c\"> </span><span class=\"ff2 fs36 ls218 ws228\">1<span class=\"_ _7\"/> EUR<span class=\"_ _17b\"> </span>1 EUR<span class=\"_ _f9\"> </span>1 EUR<span class=\"_ _f9\"> </span>1 EUR</span>AUD<span class=\"_ _e6\"> </span><span class=\"ls2 ws2\">1.5<span class=\"_ _1\"/>625<span class=\"_ _111\"> </span><span class=\"ff8 fc14\">1.5<span class=\"_ _1\"/>625<span class=\"_ _d0\"> </span></span>1.5152<span class=\"_ _a0\"> </span><span class=\"ff8 fc14\">1.5873</span></span>GBP<span class=\"_ _25b\"> </span><span class=\"ls2 ws2\">0.8850<span class=\"_ _f3\"> </span><span class=\"ff8 fc14\">0.8403<span class=\"_ _13d\"> </span></span>0.85<span class=\"_ _1\"/>47<span class=\"_ _36\"> </span><span class=\"ff8 fc14\">0.85<span class=\"_ _1\"/>47</span></span>HKD<span class=\"_ _203\"> </span><span class=\"ls2 ws2\">8.3056<span class=\"_ _120\"> </span><span class=\"ff8 fc14\">8.8183<span class=\"_ _13d\"> </span></span>8.2242<span class=\"_ _26d\"> </span><span class=\"ff8 fc14\">9.1792</span></span>NOK<span class=\"_ _1ed\"> </span><span class=\"ls2 ws2\">10.5263<span class=\"_ _10b\"> </span><span class=\"ff8 fc14\">10.00<span class=\"_ _1\"/>0<span class=\"_ _36\"> </span></span>10.1010<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">10.2041</span></span>SGD<span class=\"_ _296\"> </span><span class=\"ls2 ws2\">1.4286<span class=\"_ _111\"> </span><span class=\"ff8 fc14\">1.5385<span class=\"_ _111\"> </span></span>1.4493<span class=\"_ _a0\"> </span><span class=\"ff8 fc14\">1.5873</span></span>USD <span class=\"_ _203\"> </span><span class=\"ls2 ws2\">1.0638<span class=\"_ _9f\"> </span><span class=\"ff8 fc14\">1.1364<span class=\"_ _111\"> </span></span>1.0526<span class=\"_ _39\"> </span><span class=\"ff8 fc14\">1.<span class=\"_ _7\"/>1765</span></span>Sensitivi<span class=\"_ _1\"/>ty analysisA 1<span class=\"_ _1\"/>0 percent stre<span class=\"_ _1\"/>ngthening of t<span class=\"_ _1\"/>he Euro against the me<span class=\"_ _1\"/>ntione<span class=\"_ _1\"/>d currencies at 3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er would have incre<span class=\"_ _1\"/>ased (<span class=\"_ _6\"/>decr<span class=\"_ _1\"/>eased<span class=\"_ _1\"/>) total year-end e<span class=\"_ _1\"/>quity an<span class=\"_ _1\"/>d profit or l<span class=\"_ _1\"/>oss for the year by the amo<span class=\"_ _1\"/>unts shown b<span class=\"_ _1\"/>elow. This analysis of major no<span class=\"_ _1\"/>n-Euro curren<span class=\"_ _1\"/>cies is based on fo<span class=\"_ _1\"/>reign curren<span class=\"_ _1\"/>cy exchan<span class=\"_ _1\"/>ge rate v<span class=\"_ _1\"/>ariances that the G<span class=\"_ _1\"/>roup considered to b<span class=\"_ _1\"/>e reasonably p<span class=\"_ _1\"/>ossible at the re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ting date. T<span class=\"_ _1\"/>his analysis ass<span class=\"_ _6\"/>umes that all othe<span class=\"_ _1\"/>r variabl<span class=\"_ _1\"/>es, in par<span class=\"_ _1\"/>ticular interest rates<span class=\"_ _1\"/>, remain constant and igno<span class=\"_ _1\"/>res any impac<span class=\"_ _1\"/>t of forecaste<span class=\"_ _1\"/>d sales and purchases<span class=\"_ _1\"/>.Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t in EU<span class=\"_ _1\"/>R x 1,<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _fe\"> </span><span class=\"ff2 fs36\">3<span class=\"_ _1\"/>1 Dec<span class=\"_ _1\"/>emb<span class=\"_ _1\"/>er 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _297\"> </span>31 D<span class=\"_ _1\"/>ece<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r 20<span class=\"_ _1\"/>21</span>T<span class=\"_ _6\"/>otal Pro<span class=\"_ _1\"/>fi<span class=\"_ _1\"/>t or (<span class=\"_ _1\"/>loss) T<span class=\"_ _6\"/>otal <span class=\"ls2 ws2\"> </span>Pro<span class=\"_ _1\"/>fi<span class=\"_ _1\"/>t or (<span class=\"_ _1\"/>loss) eq<span class=\"_ _1\"/>uit<span class=\"_ _1\"/>y at af<span class=\"_ _1\"/>ter t<span class=\"_ _1\"/>ax fo<span class=\"_ _1\"/>r eq<span class=\"_ _1\"/>uit<span class=\"_ _1\"/>y at af<span class=\"_ _1\"/>ter t<span class=\"_ _1\"/>ax fo<span class=\"_ _1\"/>r ye<span class=\"_ _1\"/>a<span class=\"_ _1\"/>r-<span class=\"_ _1\"/>e<span class=\"_ _1\"/>ndthe y<span class=\"_ _1\"/>earye<span class=\"_ _1\"/>a<span class=\"_ _1\"/>r-<span class=\"_ _1\"/>e<span class=\"_ _1\"/>ndthe y<span class=\"_ _1\"/>earAUD<span class=\"_ _1b3\"> </span>(3,576)<span class=\"_ _d2\"> </span>150<span class=\"_ _6e\"> </span><span class=\"ff8 fc14\">(3,695)<span class=\"_ _5d\"> </span>1,140</span>GBP<span class=\"_ _1ef\"> </span>(14,592)<span class=\"_ _d1\"> </span>585<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">(16,17<span class=\"_ _7\"/>6)<span class=\"_ _7c\"> </span>(829)</span>HKD<span class=\"_ _270\"> </span>(13,792)<span class=\"_ _6b\"> </span>(861)<span class=\"_ _b3\"> </span><span class=\"ff8 fc14\">(11,622)<span class=\"_ _70\"> </span>(470)</span>NOK<span class=\"_ _298\"> </span>(4,012)<span class=\"_ _a1\"> </span>(1,433)<span class=\"_ _37\"> </span><span class=\"ff8 fc14\">(3,909)<span class=\"_ _73\"> </span>(968)</span>SGD<span class=\"_ _298\"> </span>(3,554)<span class=\"_ _87\"> </span>(470)<span class=\"_ _65\"> </span><span class=\"ff8 fc14\">(2,851)<span class=\"_ _87\"> </span><span class=\"ls43 ws4b\">(457)</span></span>USD<span class=\"_ _109\"> </span>(2,870)<span class=\"_ _84\"> </span>3,0<span class=\"_ _1\"/>09<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">(3,65<span class=\"_ _1\"/>6)<span class=\"_ _21\"> </span>1,695</span>The f<span class=\"_ _1\"/>ollowing tab<span class=\"_ _1\"/>le outlines th<span class=\"_ _1\"/>e estimated nominal v<span class=\"_ _1\"/>alue exposure ar<span class=\"_ _1\"/>ising from tra<span class=\"_ _1\"/>nsla<span class=\"_ _6\"/>ting on-ba<span class=\"_ _6\"/>lance-<span class=\"_ _7\"/>sheet receivables/pa<span class=\"_ _6\"/>yables from ma<span class=\"_ _6\"/>jor non-Eur<span class=\"_ _6\"/>o denomina<span class=\"_ _7\"/>te<span class=\"_ _1\"/>d functional currencies t<span class=\"_ _6\"/>o the Group\u2019<span class=\"_ _7\"/>s presentation c<span class=\"_ _6\"/>urrency Euro:2022Tr<span class=\"_ _1\"/>ad<span class=\"_ _1\"/>e Unbilled Tr<span class=\"_ _1\"/>ad<span class=\"_ _1\"/>e <span class=\"ls2 ws2\"> </span>WIPProject E<span class=\"_ _1\"/>xposur<span class=\"_ _1\"/>e in EU<span class=\"_ _1\"/>R thous<span class=\"_ _1\"/>andsreceivablesrevenuespayablesAdvancesaccr<span class=\"_ _1\"/>ualsAUD<span class=\"_ _53\"> </span>10,5<span class=\"_ _1\"/>06<span class=\"_ _120\"> </span>26,422<span class=\"_ _39\"> </span>8,<span class=\"_ _7\"/>453<span class=\"_ _38\"> </span><span class=\"ls2 ws2\">3,518<span class=\"_ _26d\"> </span>12,970</span>GBP<span class=\"_ _123\"> </span><span class=\"ls2 ws2\">65,380<span class=\"_ _13d\"> </span>33,459<span class=\"_ _13\"> </span>2<span class=\"_ _1\"/>0,099<span class=\"_ _a0\"> </span>15,330<span class=\"_ _26d\"> </span>14,457</span>HKD<span class=\"_ _7f\"> </span><span class=\"ls2 ws2\">10,473<span class=\"_ _17b\"> </span><span class=\"ls1fd ws20a\">7,<span class=\"_ _0\"/>4<span class=\"_ _0\"/>6<span class=\"_ _0\"/>6<span class=\"_ _17b\"> </span></span>3,678<span class=\"_ _39\"> </span>6,228<span class=\"_ _17b\"> </span>1,99<span class=\"_ _1\"/>0</span>NOK<span class=\"_ _7f\"> </span><span class=\"ls2 ws2\">11,603<span class=\"_ _86\"> </span>4,7<span class=\"_ _1\"/>34<span class=\"_ _17b\"> </span><span class=\"ls43 ws4b\">3,277<span class=\"_ _2b\"> </span></span>4,983<span class=\"_ _6f\"> </span>1,541</span>SGD<span class=\"_ _299\"> </span><span class=\"ls2 ws2\">3,840<span class=\"_ _22\"> </span>628<span class=\"_ _20\"> </span>75<span class=\"_ _1\"/>7<span class=\"_ _17b\"> </span>1,9<span class=\"_ _1\"/>50<span class=\"_ _17b\"> </span>1,086</span>USD<span class=\"_ _29a\"> </span><span class=\"ls2 ws2\">74,361<span class=\"_ _9f\"> </span>78,7<span class=\"_ _1\"/>17<span class=\"_ _e5\"> </span>26,477<span class=\"_ _d0\"> </span>15,195<span class=\"_ _36\"> </span>49,330</span>176,<span class=\"_ _7\"/>1<span class=\"_ _1\"/>63<span class=\"_ _e4\"> </span>151,426<span class=\"_ _a0\"> </span>62,7<span class=\"_ _6\"/>41<span class=\"_ _10b\"> </span><span class=\"ls43 ws4b\">47<span class=\"_ _7\"/>,204<span class=\"_ _111\"> </span><span class=\"ls2 ws2\">81,37<span class=\"_ _7\"/>4</span></span>Sensitiv<span class=\"_ _6\"/>ity+1<span class=\"_ _1\"/>0%<span class=\"_ _53\"> </span><span class=\"ls2 ws2\">16,015<span class=\"_ _26d\"> </span>13,766<span class=\"_ _f9\"> </span>5,704<span class=\"_ _fa\"> </span>4,<span class=\"_ _1\"/>291<span class=\"_ _17b\"> </span>7<span class=\"_ _7\"/>,398</span>+1<span class=\"_ _1\"/>5%<span class=\"_ _112\"> </span><span class=\"ls2 ws2\">22,978<span class=\"_ _2b\"> </span>19,751<span class=\"_ _fa\"> </span>8,184<span class=\"_ _f2\"> </span>6,157<span class=\"_ _9f\"> </span>10,614</span>2021Tr<span class=\"_ _1\"/>ad<span class=\"_ _1\"/>e Unbilled Tr<span class=\"_ _1\"/>ad<span class=\"_ _1\"/>e <span class=\"ls2 ws2\"> </span>WIPProject E<span class=\"_ _1\"/>xposur<span class=\"_ _1\"/>e in EU<span class=\"_ _1\"/>R thous<span class=\"_ _1\"/>andsreceivablesrevenuespayablesAdvancesaccr<span class=\"_ _1\"/>ualsAUD<span class=\"_ _1cd\"> </span><span class=\"ff8 fs6 fc14 ls2 ws2\">7<span class=\"_ _7\"/>,893<span class=\"_ _26d\"> </span>28,177<span class=\"_ _c0\"> </span>7<span class=\"_ _7\"/>,5<span class=\"_ _1\"/>51<span class=\"_ _2b\"> </span>2,26<span class=\"_ _1\"/>6<span class=\"_ _120\"> </span>13,908</span>GBP<span class=\"_ _1f5\"> </span><span class=\"ff8 fs6 fc14 ls2 ws2\">41,269<span class=\"_ _13d\"> </span>25,0<span class=\"_ _1\"/>47<span class=\"_ _111\"> </span>15,520<span class=\"_ _f9\"> </span>7<span class=\"_ _7\"/>,988<span class=\"_ _120\"> </span>19,046</span>HKD<span class=\"_ _1f5\"> </span><span class=\"ff8 fs6 fc14 ls2 ws2\">10,574<span class=\"_ _d0\"> </span>6,029<span class=\"_ _37\"> </span>3,7<span class=\"_ _1\"/>17<span class=\"_ _d0\"> </span>4,449<span class=\"_ _f9\"> </span>3,637</span>NOK<span class=\"_ _299\"> </span><span class=\"ff8 fs6 fc14 ls2 ws2\">9,<span class=\"_ _6\"/>134<span class=\"_ _39\"> </span>2,878<span class=\"_ _fa\"> </span>4,319<span class=\"_ _d0\"> </span>4,896<span class=\"_ _fa\"> </span>1,262</span>SGD<span class=\"_ _29a\"> </span><span class=\"ff8 fs6 fc14 ls2 ws2\">3,309<span class=\"_ _20\"> </span>621<span class=\"_ _c0\"> </span>1,401<span class=\"_ _86\"> </span>1,80<span class=\"_ _1\"/>6<span class=\"_ _fa\"> </span>1,52<span class=\"_ _1\"/>3</span>USD<span class=\"_ _112\"> </span><span class=\"ff8 fs6 fc14 ls2 ws2\">66,323<span class=\"_ _36\"> </span>56,65<span class=\"_ _1\"/>0<span class=\"_ _13d\"> </span><span class=\"ls43 ws4b\">32,273<span class=\"_ _b3\"> </span></span>9,217<span class=\"_ _e5\"> </span>47<span class=\"_ _7\"/>,392</span>138,502<span class=\"_ _47\"> </span>119,402<span class=\"_ _e5\"> </span>6<span class=\"_ _1\"/>4,781<span class=\"_ _13\"> </span>30,622<span class=\"_ _36\"> </span><span class=\"ls87 ws3b\">8<span class=\"_ _1\"/>6,769</span>Sensitiv<span class=\"_ _6\"/>ity+1<span class=\"_ _1\"/>0%<span class=\"_ _123\"> </span><span class=\"ff8 fs6 fc14 ls2 ws2\">12,591<span class=\"_ _e5\"> </span>10,85<span class=\"_ _1\"/>5<span class=\"_ _d0\"> </span>5,889<span class=\"_ _39\"> </span>2,784<span class=\"_ _86\"> </span>7<span class=\"_ _7\"/>,888</span>+1<span class=\"_ _1\"/>5%<span class=\"_ _12d\"> </span><span class=\"ff8 fc14 ls2 ws2\">18,065<span class=\"_ _e3\"> </span>15,5<span class=\"_ _1\"/>7<span class=\"_ _6\"/>4<span class=\"_ _d0\"> </span><span class=\"ls1e1 ws1e7\">8,4<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0<span class=\"_ _d0\"> </span></span>3,9<span class=\"_ _1\"/>94<span class=\"_ _2b\"> </span>11,318</span>3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>.4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 <span class=\"_\"> </span>I<span class=\"_ _1\"/>ntere<span class=\"_ _1\"/>st ra<span class=\"_ _1\"/>te riskThe G<span class=\"_ _1\"/>roup\u2019s liabilities bear b<span class=\"_ _1\"/>oth fi<span class=\"_ _1\"/>xed and var<span class=\"_ _1\"/>iable interest<span class=\"_ _1\"/>s. Th<span class=\"_ _1\"/>e Group\u2019s objec<span class=\"_ _1\"/>tive is to limit the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of interest rate chan<span class=\"_ _1\"/>ges on the result<span class=\"_ _1\"/>s by matching long ter<span class=\"_ _1\"/>m investment with lo<span class=\"_ _1\"/>ng term (f<span class=\"_ _1\"/>ixed or v<span class=\"_ _1\"/>ariable interest<span class=\"_ _1\"/>) financing as much as p<span class=\"_ _1\"/>ossible.ProfileAt the r<span class=\"_ _1\"/>epor<span class=\"_ _1\"/>ting date th<span class=\"_ _1\"/>e interest rate prof<span class=\"_ _1\"/>ile of the G<span class=\"_ _1\"/>roup\u2019s in<span class=\"_ _6\"/>terest-bearing f<span class=\"_ _1\"/>inancial inst<span class=\"_ _1\"/>rume<span class=\"_ _1\"/>nts<span class=\"_ _1\"/> was:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _237\"> </span><span class=\"ff2 fs36 ls1f8 ws204\">Carr<span class=\"_ _1\"/>ying amount</span>2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span>Fixed rate instrumentsFinanci<span class=\"_ _1\"/>al assets<span class=\"_ _29b\"> </span><span class=\"ls2 ws2\">4,500<span class=\"_ _61\"> </span><span class=\"ff8 fc14\">4,5<span class=\"_ _1\"/>00</span></span>Financi<span class=\"_ _1\"/>al liabiliti<span class=\"_ _1\"/>es<span class=\"_ _29c\"> </span><span class=\"ls2 ws2\">(214,233)<span class=\"_ _10b\"> </span><span class=\"ff8 fc14\">(241,096)</span></span>Varia<span class=\"_ _1\"/>ble r<span class=\"_ _1\"/>ate in<span class=\"_ _1\"/>str<span class=\"_ _1\"/>ume<span class=\"_ _1\"/>ntsFinanci<span class=\"_ _1\"/>al assets<span class=\"_ _64\"> </span><span class=\"ls43 ws4b\">209,090<span class=\"_ _86\"> </span><span class=\"ff8 fc14 ls2 ws2\">14<span class=\"_ _1\"/>8,956</span></span>Financi<span class=\"_ _1\"/>al liabiliti<span class=\"_ _1\"/>es<span class=\"_ _8c\"> </span><span class=\"ls2 ws2\">(202,292)<span class=\"_ _f3\"> </span><span class=\"ff8 fc14\">(200,5<span class=\"_ _1\"/>65)</span></span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _29d\"> </span>(202,935)<span class=\"_ _17a\"> </span><span class=\"fc14\">(288,<span class=\"_ _1\"/>205)</span>Fair v<span class=\"_ _1\"/>alue se<span class=\"_ _1\"/>nsit<span class=\"_ _1\"/>ivit<span class=\"_ _1\"/>y an<span class=\"_ _1\"/>alysis f<span class=\"_ _1\"/>or f<span class=\"_ _1\"/>ixed r<span class=\"_ _1\"/>ate ins<span class=\"_ _1\"/>tru<span class=\"_ _1\"/>ment<span class=\"_ _1\"/>sThe G<span class=\"_ _1\"/>roup does n<span class=\"_ _1\"/>ot account for any fixe<span class=\"_ _1\"/>d rate financ<span class=\"_ _1\"/>ial assets and liabilities at f<span class=\"_ _1\"/>air value through p<span class=\"_ _1\"/>rofit or loss<span class=\"_ _1\"/>, and the G<span class=\"_ _1\"/>roup does no<span class=\"_ _1\"/>t designate deriv<span class=\"_ _1\"/>atives (interest r<span class=\"_ _1\"/>ate swaps) as hedging inst<span class=\"_ _1\"/>ruments un<span class=\"_ _1\"/>der a fair v<span class=\"_ _1\"/>alue hedg<span class=\"_ _1\"/>e accounting model<span class=\"_ _1\"/>. Theref<span class=\"_ _1\"/>ore, a chang<span class=\"_ _1\"/>e in interest rates at th<span class=\"_ _1\"/>e repor<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ing date would not af<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t profit or l<span class=\"_ _1\"/>oss.Cash f<span class=\"_ _1\"/>lo<span class=\"_ _1\"/>w sensi<span class=\"_ _1\"/>tivi<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y analy<span class=\"_ _1\"/>sis for v<span class=\"_ _1\"/>ari<span class=\"_ _1\"/>able r<span class=\"_ _1\"/>ate ins<span class=\"_ _1\"/>tru<span class=\"_ _1\"/>ment<span class=\"_ _1\"/>sA change of 1<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 basis point<span class=\"_ _1\"/>s in interest rates at the r<span class=\"_ _1\"/>epor<span class=\"_ _1\"/>ting date wo<span class=\"_ _1\"/>uld have increased (<span class=\"_ _6\"/>decr<span class=\"_ _1\"/>eased<span class=\"_ _1\"/>) equit<span class=\"_ _1\"/>y and prof<span class=\"_ _1\"/>it or loss by the amo<span class=\"_ _1\"/>unts shown b<span class=\"_ _1\"/>elow. This analy<span class=\"_ _1\"/>sis a<span class=\"_ _6\"/>ssumes that all other v<span class=\"_ _1\"/>ariables<span class=\"_ _1\"/>, in par<span class=\"_ _1\"/>ticular for<span class=\"_ _1\"/>eign currenc<span class=\"_ _1\"/>y r<span class=\"_ _1\"/>ates, remain constant<span class=\"_ _1\"/>. At 31 D<span class=\"_ _1\"/>ecembe<span class=\"_ _1\"/>r 20<span class=\"_ _1\"/>22<span class=\"_ _1\"/>, it is estimated t<span class=\"_ _1\"/>hat a gener<span class=\"_ _1\"/>al increase (decrease) of 10<span class=\"_ _1\"/>0 basis po<span class=\"_ _1\"/>ints in interest rates w<span class=\"_ _1\"/>ould decre<span class=\"_ _1\"/>ase (increase) the Group\u2019s prof<span class=\"_ _1\"/>it before in<span class=\"_ _1\"/>come tax by appr<span class=\"_ _1\"/>oximatel<span class=\"_ _1\"/>y:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _29e\"> </span><span class=\"ff2 fs36\">Eq<span class=\"_ _1\"/>uit<span class=\"_ _1\"/>y an<span class=\"_ _1\"/>d prof<span class=\"_ _1\"/>it o<span class=\"_ _1\"/>r los<span class=\"_ _1\"/>s</span>1<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 bp 1<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 bp increasedecrease31 D<span class=\"_ _1\"/>ecem<span class=\"_ _1\"/>ber 2<span class=\"_ _1\"/>0<span class=\"_ _1\"/>22Variabl<span class=\"_ _1\"/>e rate instr<span class=\"_ _1\"/>uments<span class=\"_ _20a\"> </span><span class=\"ls43 ws4b\">68<span class=\"_ _286\"> </span></span>(68)Cash flow sens<span class=\"_ _7\"/>itivit<span class=\"_ _1\"/>y (ne<span class=\"_ _6\"/>t)<span class=\"_ _29f\"> </span><span class=\"ls43 ws4b\">68<span class=\"_ _7a\"> </span><span class=\"ls2 ws2\">(6<span class=\"_ _1\"/>8)</span></span>31 D<span class=\"_ _1\"/>ecem<span class=\"_ _1\"/>ber 2<span class=\"_ _1\"/>0<span class=\"_ _1\"/>21Variabl<span class=\"_ _1\"/>e rate instr<span class=\"_ _1\"/>uments<span class=\"_ _2a0\"> </span><span class=\"ff8 fc14\">(516)<span class=\"_ _d2\"> </span>516</span>Cash flow sens<span class=\"_ _7\"/>itivit<span class=\"_ _1\"/>y (ne<span class=\"_ _6\"/>t)<span class=\"_ _285\"> </span><span class=\"ff8 fc14 ls2 ws2\">(516)<span class=\"_ _d2\"> </span>516</span>3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>.5 <span class=\"_ _5b\"> </span><span class=\"ff2 fs3 lsfd ws109\">Capital management</span>The B<span class=\"_ _1\"/>oard of Manag<span class=\"_ _1\"/>ement<span class=\"_ _1\"/>\u2019s polic<span class=\"_ _1\"/>y is to maintain a strong c<span class=\"_ _1\"/>apital base in orde<span class=\"_ _1\"/>r to retain investor, creditor and market conf<span class=\"_ _1\"/>idence and to sustain fu<span class=\"_ _1\"/>ture develop<span class=\"_ _1\"/>ment of the business. C<span class=\"_ _1\"/>apital consists of share capi<span class=\"_ _1\"/>tal, ret<span class=\"_ _1\"/>ained earnings an<span class=\"_ _1\"/>d non-controlling interest<span class=\"_ _1\"/>s of the Gr<span class=\"_ _1\"/>oup. Impo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ant key per<span class=\"_ _1\"/>forman<span class=\"_ _1\"/>ce indicators fo<span class=\"_ _1\"/>r the Boar<span class=\"_ _1\"/>d of Manageme<span class=\"_ _1\"/>nt are fre<span class=\"_ _1\"/>e cash flow, th<span class=\"_ _1\"/>e return on ca<span class=\"_ _1\"/>pital as well as the l<span class=\"_ _1\"/>evel of dividen<span class=\"_ _1\"/>ds. The B<span class=\"_ _1\"/>oard str<span class=\"_ _1\"/>ives for a divide<span class=\"_ _1\"/>nd pay-out r<span class=\"_ _1\"/>atio of 35 to 5<span class=\"_ _1\"/>5% of ne<span class=\"_ _1\"/>t result. Subseque<span class=\"_ _1\"/>nt to the refinanc<span class=\"_ _1\"/>ing in 202<span class=\"_ _1\"/>0 dividend paymen<span class=\"_ _6\"/>ts are restricted. Over 20<span class=\"_ _1\"/>22 no dividends wi<span class=\"_ _6\"/>ll be paid.<span class=\"_ _6\"/> Dividends may on<span class=\"_ _6\"/>ly be paid if n<span class=\"_ _1\"/>et lever<span class=\"_ _1\"/>age is struc<span class=\"_ _1\"/>tually e<span class=\"_ _1\"/>qual to or less than 2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 times and a max<span class=\"_ _1\"/>imum of 60<span class=\"_ _1\"/>% of net prof<span class=\"_ _1\"/>it (<span class=\"_ _6\"/>refer to 3<span class=\"_ _1\"/>0<span class=\"_ _1\"/>.6 f<span class=\"_ _1\"/>or the covenant require<span class=\"_ _1\"/>ments). T<span class=\"_ _7\"/>ar<span class=\"_ _1\"/>geted sol<span class=\"_ _1\"/>venc<span class=\"_ _1\"/>y is set at, at least 3<span class=\"_ _1\"/>3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>3%<span class=\"_ _1\"/>. The targ<span class=\"_ _1\"/>eted sol<span class=\"_ _1\"/>venc<span class=\"_ _1\"/>y includes the imp<span class=\"_ _1\"/>act of IF<span class=\"_ _1\"/>RS 1<span class=\"_ _1\"/>6. T<span class=\"_ _1\"/>he solve<span class=\"_ _1\"/>ncy at t<span class=\"_ _1\"/>he end of 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 was 51<span class=\"_ _1\"/>.0<span class=\"_ _1\"/>% (20<span class=\"_ _1\"/>21: 4<span class=\"_ _1\"/>6<span class=\"_ _1\"/>.<span class=\"_ _1\"/>3%). Th<span class=\"_ _1\"/>e Group\u2019s objec<span class=\"_ _1\"/>tive is to achieve a h<span class=\"_ _1\"/>ealthy return o<span class=\"_ _1\"/>n shareholder<span class=\"_ _1\"/>s\u2019 equit<span class=\"_ _1\"/>y. As a result<span class=\"_ _1\"/>, the retur<span class=\"_ _1\"/>n, calculated as profit (<span class=\"_ _1\"/>loss) for the pe<span class=\"_ _1\"/>riod at<span class=\"_ _1\"/>tribu<span class=\"_ _1\"/>table to own<span class=\"_ _1\"/>ers of the comp<span class=\"_ _1\"/>any<span class=\"_ _6\"/>, divide<span class=\"_ _1\"/>d by the total equit<span class=\"_ _1\"/>y at<span class=\"_ _1\"/>tributa<span class=\"_ _1\"/>ble to owner<span class=\"_ _1\"/>s of the company fo<span class=\"_ _1\"/>r the year, i<span class=\"_ _6\"/>s 7<span class=\"_ _7\"/>.<span class=\"_ _1\"/>0<span class=\"_ _1\"/>3% (p<span class=\"_ _1\"/>ositive) in 202<span class=\"_ _1\"/>2 (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: 8<span class=\"_ _1\"/>.4% positi<span class=\"_ _1\"/>ve<span class=\"_ _6\"/>). From time<span class=\"_ _1\"/>-to-time Fugro purchases it<span class=\"_ _1\"/>s own shares. T<span class=\"_ _1\"/>hese shares are used to cover t<span class=\"_ _1\"/>he long-term incenti<span class=\"_ _1\"/>ves granted by F<span class=\"_ _1\"/>ugro. Purchase and s<span class=\"_ _1\"/>ale decisions are ma<span class=\"_ _1\"/>de on a spec<span class=\"_ _1\"/>ific tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>on basis by the Boar<span class=\"_ _1\"/>d of Manageme<span class=\"_ _1\"/>nt. Fugro do<span class=\"_ _1\"/>es not have a def<span class=\"_ _1\"/>ined share buy-back plan<span class=\"_ _1\"/>.The<span class=\"_ _1\"/>re were no chang<span class=\"_ _1\"/>es to the Gro<span class=\"_ _1\"/>up\u2019<span class=\"_ _6\"/>s approa<span class=\"_ _1\"/>ch to capital manag<span class=\"_ _1\"/>ement during t<span class=\"_ _1\"/>he year<span class=\"_ _6\"/>.35<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 lsf7 ws3d\">FAIR V<span class=\"_ _7\"/>ALUES</span>Determination of fair valuesThe f<span class=\"_ _1\"/>air value of equit<span class=\"_ _1\"/>y an<span class=\"_ _1\"/>d debt securit<span class=\"_ _1\"/>ies is determine<span class=\"_ _1\"/>d by refere<span class=\"_ _1\"/>nce to their quote<span class=\"_ _1\"/>d closing bid pr<span class=\"_ _1\"/>ice at the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date, or if unquote<span class=\"_ _1\"/>d, deter<span class=\"_ _1\"/>mined using a valuat<span class=\"_ _1\"/>ion techniqu<span class=\"_ _1\"/>e. Valuation techni<span class=\"_ _1\"/>ques employe<span class=\"_ _1\"/>d include market mult<span class=\"_ _1\"/>iples and discounted cash fl<span class=\"_ _1\"/>ow analysis using expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d future cash f<span class=\"_ _1\"/>lows and a mar<span class=\"_ _1\"/>ket<span class=\"_ _7\"/>-re<span class=\"_ _1\"/>lated discount rate.The f<span class=\"_ _1\"/>air value of re<span class=\"_ _1\"/>ceivables is estimate<span class=\"_ _1\"/>d at the prese<span class=\"_ _1\"/>nt value of future c<span class=\"_ _1\"/>ash flows<span class=\"_ _1\"/>, discounted at the market r<span class=\"_ _1\"/>ate of interest at the re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ting date. T<span class=\"_ _1\"/>his fair value is determined for d<span class=\"_ _6\"/>isclo<span class=\"_ _6\"/>sure<span class=\"_ _6\"/> purposes.The f<span class=\"_ _1\"/>air value of for<span class=\"_ _1\"/>w<span class=\"_ _1\"/>ard exchange contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s is based on quote<span class=\"_ _1\"/>d market pri<span class=\"_ _1\"/>ces, if available<span class=\"_ _1\"/>.Fair value<span class=\"_ _1\"/>, which is determin<span class=\"_ _1\"/>ed for disclosure pur<span class=\"_ _1\"/>poses, is cal<span class=\"_ _1\"/>culated based on t<span class=\"_ _1\"/>he present value of f<span class=\"_ _1\"/>uture principa<span class=\"_ _1\"/>l and interest cash fl<span class=\"_ _1\"/>ows, discounted at th<span class=\"_ _1\"/>e market rate of interest at the reporting date, taking<span class=\"_ _6\"/> int<span class=\"_ _6\"/>o con<span class=\"_ _6\"/>sideration the Grou<span class=\"_ _6\"/>p\u2019<span class=\"_ _6\"/>s own non-<span class=\"_ _6\"/>perfor<span class=\"_ _1\"/>manc<span class=\"_ _7\"/>e risk.Financial assets an<span class=\"_ _1\"/>d liabilitiesThe f<span class=\"_ _1\"/>air values of f<span class=\"_ _1\"/>inancial assets and liabiliti<span class=\"_ _1\"/>es, tog<span class=\"_ _1\"/>ether wit<span class=\"_ _1\"/>h the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amounts sho<span class=\"_ _1\"/>wn in the st<span class=\"_ _1\"/>atement of financial p<span class=\"_ _1\"/>osition, a<span class=\"_ _1\"/>re as follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1f7\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _9e\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>Ca<span class=\"_ _1\"/>rr<span class=\"_ _1\"/>yi<span class=\"_ _1\"/>ng Ca<span class=\"_ _1\"/>rr<span class=\"_ _1\"/>yi<span class=\"_ _1\"/>ng amount<span class=\"_ _a\"> </span>F<span class=\"_ _6\"/>air valueamount<span class=\"_ _a\"> </span>F<span class=\"_ _6\"/>air valueFinancial asset<span class=\"_ _1\"/>sT<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade and<span class=\"_ _6\"/> other receivables<span class=\"_ _7\"/>*<span class=\"_ _11e\"> </span>603,475<span class=\"_ _17f\"> </span>603,475<span class=\"_ _9\"> </span><span class=\"ff8 fc14\">512,820<span class=\"_ _175\"> </span>512,820</span>Cash and c<span class=\"_ _1\"/>ash equival<span class=\"_ _1\"/>ents<span class=\"_ _43\"> </span>209<span class=\"_ _6\"/>,090<span class=\"_ _34\"> </span>209,090<span class=\"_ _17f\"> </span><span class=\"ff8 fc14 ls2 ws2\">148,9<span class=\"_ _1\"/>56<span class=\"_ _17f\"> </span>14<span class=\"_ _1\"/>8,956</span>De<span class=\"_ _1\"/>posit<span class=\"_ _1\"/>s<span class=\"_ _288\"> </span>3,238<span class=\"_ _39\"> </span>3,238<span class=\"_ _12\"> </span><span class=\"ff8 fc14\">32,08<span class=\"_ _1\"/>6<span class=\"_ _13\"> </span>32,08<span class=\"_ _1\"/>6</span>Long-term loa<span class=\"_ _6\"/>ns<span class=\"_ _b8\"> </span>4,5<span class=\"_ _1\"/>00<span class=\"_ _d0\"> </span>4,50<span class=\"_ _1\"/>0<span class=\"_ _d0\"> </span><span class=\"ff8 fc14\">4,500<span class=\"_ _d0\"> </span>4,5<span class=\"_ _1\"/>00</span>Other long-term<span class=\"_ _6\"/> receivables<span class=\"_ _1a8\"> </span>5,083<span class=\"_ _2b\"> </span>5,083<span class=\"_ _f2\"> </span><span class=\"ff8 fc14\">2,617<span class=\"_ _b3\"> </span>2,617</span>Equit<span class=\"_ _1\"/>y se<span class=\"_ _1\"/>curities<span class=\"_ _24d\"> </span>1,096<span class=\"_ _17b\"> </span>1,09<span class=\"_ _1\"/>6<span class=\"_ _f9\"> </span><span class=\"ff8 fc14\">1,09<span class=\"_ _1\"/>6<span class=\"_ _f9\"> </span>1,09<span class=\"_ _1\"/>6</span>Fin<span class=\"_ _1\"/>anci<span class=\"_ _1\"/>al liab<span class=\"_ _1\"/>ili<span class=\"_ _1\"/>ties m<span class=\"_ _1\"/>easur<span class=\"_ _1\"/>ed at am<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tis<span class=\"_ _1\"/>ed costSenior term loan<span class=\"_ _6\"/> of EUR 20<span class=\"_ _1\"/>0 mil<span class=\"_ _6\"/>lion<span class=\"_ _127\"> </span><span class=\"ls2 ws2\">(200,<span class=\"_ _1\"/>234)<span class=\"_ _14c\"> </span>(20<span class=\"_ _1\"/>0,234)</span>-<span class=\"_ _47\"> </span>-Subo<span class=\"_ _1\"/>rdinated unsecur<span class=\"_ _1\"/>ed conver<span class=\"_ _1\"/>tib<span class=\"_ _1\"/>le bonds  E<span class=\"_ _7\"/>UR<span class=\"_ _7\"/> 100,<span class=\"_ _7\"/>000<span class=\"_ _2a1\"> </span>(40,348)<span class=\"_ _32\"> </span>(39,700)<span class=\"_ _17f\"> </span><span class=\"ff8 fc14\">(92,123)<span class=\"_ _2a2\"> </span>(84,326)</span>Supe<span class=\"_ _1\"/>r senior re<span class=\"_ _1\"/>volving c<span class=\"_ _1\"/>redit f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y in  EU<span class=\"_ _1\"/>R 2<span class=\"_ _1\"/>50 milli<span class=\"_ _1\"/>on-<span class=\"_ _47\"> </span>-(12,521)<span class=\"_ _17a\"> </span>(12,521)Super senior<span class=\"_ _6\"/> term loan EUR 20<span class=\"_ _1\"/>0 mil<span class=\"_ _6\"/>lion-<span class=\"_ _47\"> </span>-(186,217)<span class=\"_ _122\"> </span>(186,217<span class=\"_ _1\"/>)Other long-term<span class=\"_ _6\"/> loans<span class=\"_ _7e\"> </span>(<span class=\"_ _7\"/>4,88<span class=\"_ _1\"/>6)<span class=\"_ _e4\"> </span>(4,886)<span class=\"_ _10b\"> </span><span class=\"ff8 fc14\">(1,5<span class=\"_ _1\"/>58)<span class=\"_ _36\"> </span>(1,5<span class=\"_ _1\"/>58)</span>Bank ove<span class=\"_ _1\"/>rdraf<span class=\"_ _1\"/>t<span class=\"_ _1d0\"> </span>(2,059)<span class=\"_ _f3\"> </span>(2,059)<span class=\"_ _10b\"> </span><span class=\"ff8 fc14\">(1,824)<span class=\"_ _36\"> </span>(1,824)</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade and<span class=\"_ _6\"/> other payables*<span class=\"_ _98\"> </span>(410,794)<span class=\"_ _5a\"> </span>(410,794)<span class=\"_ _14c\"> </span><span class=\"ff8 fc14\">(383,0<span class=\"_ _1\"/>07)<span class=\"_ _eb\"> </span>(383,0<span class=\"_ _1\"/>07)</span>Unrecognise<span class=\"_ _1\"/>d gains/(l<span class=\"_ _1\"/>osses<span class=\"_ _7\"/>)<span class=\"_ _117\"> </span><span class=\"ls2 ws2\">(648)<span class=\"_ _2a3\"> </span><span class=\"ff8 fc14\">(7<span class=\"_ _7\"/>,797<span class=\"_ _1\"/>)</span></span>*Du<span class=\"_ _1\"/>e to the s<span class=\"_ _1\"/>hor<span class=\"_ _1\"/>t-ter<span class=\"_ _1\"/>m natur<span class=\"_ _1\"/>e of the t<span class=\"_ _1\"/>rad<span class=\"_ _1\"/>e rece<span class=\"_ _1\"/>iva<span class=\"_ _1\"/>bles (<span class=\"_ _1\"/>pa<span class=\"_ _1\"/>yabl<span class=\"_ _1\"/>es) and ot<span class=\"_ _1\"/>her re<span class=\"_ _1\"/>cei<span class=\"_ _1\"/>vabl<span class=\"_ _1\"/>es (<span class=\"_ _1\"/>paya<span class=\"_ _1\"/>bles), t<span class=\"_ _1\"/>heir c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>yi<span class=\"_ _1\"/>ng amo<span class=\"_ _1\"/>unts are co<span class=\"_ _1\"/>nside<span class=\"_ _1\"/>red t<span class=\"_ _1\"/>o be th<span class=\"_ _1\"/>e same as t<span class=\"_ _1\"/>hei<span class=\"_ _1\"/>r fair v<span class=\"_ _1\"/>alue<span class=\"_ _1\"/>.The f<span class=\"_ _1\"/>air values of th<span class=\"_ _1\"/>e subordinated unsecure<span class=\"_ _1\"/>d conver<span class=\"_ _1\"/>tible bon<span class=\"_ _1\"/>ds are based on discounted cash flo<span class=\"_ _1\"/>ws using a current bo<span class=\"_ _1\"/>rrowing r<span class=\"_ _1\"/>ate.They a<span class=\"_ _1\"/>re classified as leve<span class=\"_ _1\"/>l 3 fair values in t<span class=\"_ _1\"/>he fair valu<span class=\"_ _1\"/>e hierarchy du<span class=\"_ _1\"/>e to the use of unobser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>able input<span class=\"_ _1\"/>s, including ow<span class=\"_ _1\"/>n credit risk<span class=\"_ _1\"/>.Inte<span class=\"_ _1\"/>rest r<span class=\"_ _1\"/>ates use<span class=\"_ _1\"/>d for de<span class=\"_ _1\"/>term<span class=\"_ _1\"/>ining f<span class=\"_ _1\"/>air val<span class=\"_ _1\"/>ueThe G<span class=\"_ _1\"/>roup uses the gove<span class=\"_ _1\"/>rnment yi<span class=\"_ _1\"/>eld cur<span class=\"_ _1\"/>ve as per th<span class=\"_ _1\"/>e repor<span class=\"_ _1\"/>ting date p<span class=\"_ _1\"/>lus an adequate constant credit spr<span class=\"_ _1\"/>ead to discount financial instr<span class=\"_ _1\"/>uments<span class=\"_ _1\"/>. The interest r<span class=\"_ _1\"/>ates used are as follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Loa<span class=\"_ _1\"/>ns and bor<span class=\"_ _1\"/>rowings<span class=\"_ _1bb\"> </span><span class=\"ls1e1 ws1e7\">8.4<span class=\"_ _0\"/>%<span class=\"_ _b\"> </span></span><span class=\"ff8 fc14\">2.75<span class=\"_ _0\"/>%</span>-8%Fair value<span class=\"_ _6\"/> hierarchyThe dif<span class=\"_ _1\"/>ferent f<span class=\"_ _1\"/>air value hier<span class=\"_ _1\"/>archy leve<span class=\"_ _1\"/>ls have been def<span class=\"_ _1\"/>ined as follo<span class=\"_ _1\"/>ws: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Leve<span class=\"_ _1\"/>l 1: quote<span class=\"_ _1\"/>d prices (<span class=\"_ _6\"/>unadjusted<span class=\"_ _1\"/>) in act<span class=\"_ _1\"/>ive market<span class=\"_ _1\"/>s for identic<span class=\"_ _1\"/>al assets or liabilities<span class=\"_ _1\"/>. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Leve<span class=\"_ _1\"/>l 2: input<span class=\"_ _1\"/>s other than quo<span class=\"_ _1\"/>ted prices inclu<span class=\"_ _1\"/>ded within L<span class=\"_ _1\"/>evel 1 that are obse<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vable fo<span class=\"_ _1\"/>r the asset or liabilit<span class=\"_ _1\"/>y, either dire<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>ly (<span class=\"_ _6\"/>that is, as pri<span class=\"_ _1\"/>ces<span class=\"_ _7\"/>) or indire<span class=\"_ _1\"/>ctl<span class=\"_ _1\"/>y (<span class=\"_ _7\"/>t<span class=\"_ _1\"/>hat is, deri<span class=\"_ _1\"/>ved from prices). <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Leve<span class=\"_ _1\"/>l 3: inputs f<span class=\"_ _1\"/>or the asset or liabilit<span class=\"_ _1\"/>y that are n<span class=\"_ _1\"/>ot based on obse<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vable market dat<span class=\"_ _1\"/>a (that is, unobser<span class=\"_ _1\"/>vab<span class=\"_ _1\"/>le inputs).Fugro has equit<span class=\"_ _1\"/>y se<span class=\"_ _1\"/>curities of E<span class=\"_ _1\"/>UR 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>96 t<span class=\"_ _1\"/>housand as at 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 (31 D<span class=\"_ _1\"/>ecembe<span class=\"_ _1\"/>r 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: 1,<span class=\"_ _1\"/>09<span class=\"_ _1\"/>6 thousan<span class=\"_ _1\"/>d), w<span class=\"_ _1\"/>hich are categ<span class=\"_ _1\"/>orised wit<span class=\"_ _1\"/>hin Level 1<span class=\"_ _1\"/>. Fugro\u2019s valuation processesThe gro<span class=\"_ _1\"/>up\u2019<span class=\"_ _6\"/>s finance de<span class=\"_ _1\"/>par<span class=\"_ _1\"/>tment per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>ms the valuati<span class=\"_ _1\"/>ons of financial asset<span class=\"_ _1\"/>s required fo<span class=\"_ _1\"/>r financial r<span class=\"_ _1\"/>epor<span class=\"_ _1\"/>ting pur<span class=\"_ _1\"/>poses<span class=\"_ _1\"/>, including Leve<span class=\"_ _1\"/>l 3 fair values<span class=\"_ _1\"/>. The v<span class=\"_ _1\"/>aluations are direc<span class=\"_ _1\"/>tly repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ted to the Chi<span class=\"_ _1\"/>ef Financial Of<span class=\"_ _1\"/>ficer. Changes in Leve<span class=\"_ _1\"/>l 2 and Leve<span class=\"_ _1\"/>l 3 values are analy<span class=\"_ _1\"/>sed at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date.36<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws1c0\">C<span class=\"_ _6\"/>OMMITME<span class=\"_ _1\"/>NTS<span class=\"_ _7\"/> NOT INCL<span class=\"_ _7\"/>U<span class=\"_ _1\"/>DED IN<span class=\"_ _7\"/> THE ST<span class=\"_ _7\"/>A<span class=\"_ _6\"/>TEME<span class=\"_ _1\"/>NT<span class=\"_ _7\"/> OF FINANCIAL<span class=\"_ _6\"/> POSITION</span>Bank guaranteesPer 31 D<span class=\"_ _1\"/>ecembe<span class=\"_ _1\"/>r 20<span class=\"_ _1\"/>22<span class=\"_ _1\"/>, Fugro\u2019s bank<span class=\"_ _1\"/>s have iss<span class=\"_ _6\"/>ued bank g<span class=\"_ _1\"/>uarantees to clie<span class=\"_ _1\"/>nts for an amount of EU<span class=\"_ _1\"/>R 96<span class=\"_ _1\"/>.9 million (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 8<span class=\"_ _1\"/>8<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million). Capital commitmentsAt 31 D<span class=\"_ _1\"/>ecembe<span class=\"_ _1\"/>r 20<span class=\"_ _1\"/>22<span class=\"_ _1\"/>, the G<span class=\"_ _1\"/>roup has EUR 5<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>tual obligations to pur<span class=\"_ _1\"/>chase prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and equipme<span class=\"_ _1\"/>nt (202<span class=\"_ _1\"/>1: EU<span class=\"_ _1\"/>R 13<span class=\"_ _1\"/>.<span class=\"_ _1\"/>7 million).Climate commitmentsOn 1<span class=\"_ _1\"/>9 Febr<span class=\"_ _1\"/>uar<span class=\"_ _1\"/>y 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>, Fugro announ<span class=\"_ _1\"/>ced a target of ne<span class=\"_ _1\"/>t zero carbo<span class=\"_ _1\"/>n emissions scope 1 and scope 2 by 2<span class=\"_ _1\"/>03<span class=\"_ _1\"/>5<span class=\"_ _1\"/>. In 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, in su<span class=\"_ _6\"/>ppo<span class=\"_ _1\"/>rt of t<span class=\"_ _1\"/>his target<span class=\"_ _1\"/>, Fugro star<span class=\"_ _1\"/>te<span class=\"_ _1\"/>d develop<span class=\"_ _1\"/>ing science-base<span class=\"_ _1\"/>d targe<span class=\"_ _1\"/>ts on it<span class=\"_ _1\"/>s C<span class=\"_ _6\"/>O emission redu<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>on in line with the S<span class=\"_ _1\"/>cience Base<span class=\"_ _1\"/>d T<span class=\"_ _7\"/>arget<span class=\"_ _1\"/>s initiative 2(SBTi).  I<span class=\"_ _1\"/>n addition to scop<span class=\"_ _1\"/>e 1 and 2<span class=\"_ _1\"/>, science-base<span class=\"_ _1\"/>d target<span class=\"_ _1\"/>s also cover scope 3 emissions. Fugro is a ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ice provider an<span class=\"_ _1\"/>d therefo<span class=\"_ _1\"/>re its client v<span class=\"_ _1\"/>alue chain scope 3 emissions are negligib<span class=\"_ _1\"/>le; scope 3 consists of emissions fro<span class=\"_ _1\"/>m its supply chain<span class=\"_ _1\"/>. C<span class=\"_ _6\"/>O emis<span class=\"_ _6\"/>sions<span class=\"_ _6\"/> from vessel<span class=\"_ _7\"/>s<span class=\"_ _1\"/>, 2both o<span class=\"_ _1\"/>wned and l<span class=\"_ _1\"/>eased, account for app<span class=\"_ _1\"/>roximately 8<span class=\"_ _1\"/>0% of Fu<span class=\"_ _1\"/>gro\u2019s c<span class=\"_ _6\"/>ombine<span class=\"_ _1\"/>d scope 1 and 2 emissions. T<span class=\"_ _1\"/>herefore<span class=\"_ _1\"/>, Fugro\u2019s carb<span class=\"_ _1\"/>on reduc<span class=\"_ _1\"/>tion p<span class=\"_ _1\"/>lan is for a large par<span class=\"_ _1\"/>t a multi-year f<span class=\"_ _1\"/>leet transiti<span class=\"_ _1\"/>on plan, re<span class=\"_ _1\"/>quiring signific<span class=\"_ _1\"/>ant multi-year investments<span class=\"_ _1\"/>. ContingenciesSome G<span class=\"_ _1\"/>roup companies are<span class=\"_ _1\"/>, as a result of their normal b<span class=\"_ _1\"/>usiness activ<span class=\"_ _1\"/>ities, invo<span class=\"_ _1\"/>lved eith<span class=\"_ _1\"/>er as plaintiff<span class=\"_ _1\"/>s or defen<span class=\"_ _1\"/>dants in claims. Base<span class=\"_ _1\"/>d on informatio<span class=\"_ _1\"/>n presently av<span class=\"_ _1\"/>ailable and managem<span class=\"_ _1\"/>ent<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s best est<span class=\"_ _1\"/>imate, it is not probab<span class=\"_ _1\"/>le that the f<span class=\"_ _1\"/>inancial position of t<span class=\"_ _1\"/>he Group will be signif<span class=\"_ _1\"/>icantly influ<span class=\"_ _1\"/>enced by any of thes<span class=\"_ _1\"/>e matter<span class=\"_ _1\"/>s. Shoul<span class=\"_ _1\"/>d the ac<span class=\"_ _1\"/>tual outcome dif<span class=\"_ _1\"/>fer from t<span class=\"_ _1\"/>he assumptions and estimates, t<span class=\"_ _1\"/>he financial p<span class=\"_ _1\"/>osition of the G<span class=\"_ _1\"/>roup would b<span class=\"_ _1\"/>e impac<span class=\"_ _1\"/>ted. Fug<span class=\"_ _1\"/>ro N.V<span class=\"_ _7\"/>. an<span class=\"_ _1\"/>d its Dutc<span class=\"_ _1\"/>h oper<span class=\"_ _1\"/>ating companies for<span class=\"_ _1\"/>m a fiscal unit<span class=\"_ _1\"/>y for cor<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ate tax<span class=\"_ _1\"/>. Each of th<span class=\"_ _1\"/>e oper<span class=\"_ _1\"/>ating companies is sever<span class=\"_ _1\"/>ally liable for cor<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ate tax to be p<span class=\"_ _1\"/>aid by the fiscal unit<span class=\"_ _1\"/>y.Parent company<span class=\"_ _6\"/> guaranteesIn prin<span class=\"_ _1\"/>ciple Fugro do<span class=\"_ _1\"/>es not provi<span class=\"_ _1\"/>de parent company guar<span class=\"_ _1\"/>antees to its subsidiaries<span class=\"_ _1\"/>, unless commercial re<span class=\"_ _1\"/>asons exist. Fu<span class=\"_ _1\"/>gro has filed de<span class=\"_ _1\"/>clarati<span class=\"_ _1\"/>ons of joint and sever<span class=\"_ _1\"/>al liabilities for a number of subsidiaries at t<span class=\"_ _1\"/>he Chamber of Co<span class=\"_ _1\"/>mmerce. Fugro has f<span class=\"_ _1\"/>iled a list with t<span class=\"_ _1\"/>he Chambe<span class=\"_ _1\"/>r of Commerce which inclu<span class=\"_ _1\"/>des all financial interes<span class=\"_ _1\"/>ts of Fugro as we<span class=\"_ _1\"/>ll as a reference to each subsidiar<span class=\"_ _1\"/>y for whi<span class=\"_ _1\"/>ch such a declar<span class=\"_ _1\"/>ation of liabilit<span class=\"_ _1\"/>y has bee<span class=\"_ _1\"/>n provide<span class=\"_ _1\"/>d.3<span class=\"_ _1\"/>7.<span class=\"_ _1\"/> <span class=\"_ _ce\"> </span><span class=\"ff5 fs6 ls1ef ws47\">REL<span class=\"_ _1\"/>A<span class=\"_ _7\"/>TE<span class=\"_ _1\"/>D<span class=\"_ _7\"/> PAR<span class=\"_ _7\"/>TI<span class=\"_ _1\"/>ES</span>The G<span class=\"_ _1\"/>roup has a related par<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y re<span class=\"_ _1\"/>lationship with its subsidiari<span class=\"_ _1\"/>es, equit<span class=\"_ _1\"/>y-accounted investees and key mana<span class=\"_ _1\"/>gement p<span class=\"_ _1\"/>ersonne<span class=\"_ _1\"/>l. Balances and tr<span class=\"_ _1\"/>ansac<span class=\"_ _1\"/>tions bet<span class=\"_ _1\"/>we<span class=\"_ _1\"/>en the company and it<span class=\"_ _1\"/>s subs<span class=\"_ _6\"/>idiaries<span class=\"_ _1\"/>, which are re<span class=\"_ _1\"/>lated par<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>, have bee<span class=\"_ _1\"/>n eliminated on consolidation an<span class=\"_ _1\"/>d are not disclosed in th<span class=\"_ _1\"/>is note.T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ans<span class=\"_ _6\"/>actions with k<span class=\"_ _6\"/>ey m<span class=\"_ _6\"/>anagement personnelFugro\u2019s key manage<span class=\"_ _1\"/>ment per<span class=\"_ _1\"/>sonnel (as defined in I<span class=\"_ _1\"/>A<span class=\"_ _1\"/>S 24) c<span class=\"_ _6\"/>onsists of the p<span class=\"_ _1\"/>eopl<span class=\"_ _1\"/>e in the Board of M<span class=\"_ _1\"/>anageme<span class=\"_ _1\"/>nt, E<span class=\"_ _1\"/>xecutive L<span class=\"_ _1\"/>eader<span class=\"_ _1\"/>ship T<span class=\"_ _7\"/>e<span class=\"_ _1\"/>am and Super<span class=\"_ _1\"/>v<span class=\"_ _1\"/>isor<span class=\"_ _1\"/>y Board<span class=\"_ _1\"/>. The E<span class=\"_ _1\"/>xecutive Lea<span class=\"_ _1\"/>dership Team cons<span class=\"_ _6\"/>ists of th<span class=\"_ _1\"/>e tw<span class=\"_ _1\"/>o member<span class=\"_ _1\"/>s of Board of Ma<span class=\"_ _1\"/>nagement and se<span class=\"_ _1\"/>ven senior manager<span class=\"_ _1\"/>s. Th<span class=\"_ _1\"/>e Board of Mana<span class=\"_ _1\"/>gement controls th<span class=\"_ _1\"/>e Exe<span class=\"_ _1\"/>cutive Le<span class=\"_ _1\"/>adership Team. Th<span class=\"_ _1\"/>e key managem<span class=\"_ _1\"/>ent compensation<span class=\"_ _1\"/>, based on am<span class=\"_ _1\"/>ounts reco<span class=\"_ _1\"/>gnised in the st<span class=\"_ _1\"/>atement of comprehen<span class=\"_ _6\"/>sive<span class=\"_ _6\"/> income, i<span class=\"_ _6\"/>s as<span class=\"_ _6\"/> follows:Share-P<span class=\"_ _1\"/>os<span class=\"_ _1\"/>t-based Shor<span class=\"_ _1\"/>t<span class=\"_ _7\"/>-term employ<span class=\"_ _6\"/><span class=\"ls2 ws2\">-</span>pay<span class=\"_ _1\"/>men<span class=\"_ _1\"/>t emp<span class=\"_ _1\"/>loyee me<span class=\"_ _1\"/>nt  exp<span class=\"_ _1\"/>ense (in E<span class=\"_ _1\"/>UR)be<span class=\"_ _1\"/>nef<span class=\"_ _1\"/>it<span class=\"_ _1\"/>s be<span class=\"_ _1\"/>nef<span class=\"_ _1\"/>it<span class=\"_ _1\"/>s <span class=\"_ _5\"> </span><span class=\"ls1da ws239\"> <span class=\"_\"> </span>Severance   </span>(I<span class=\"_ _1\"/>F<span class=\"_ _1\"/>RS <span class=\"_ _1\"/>2<span class=\"_ _1\"/>)  <span class=\"_ _ce\"> </span><span class=\"ws2\">Total 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 </span>Board of Man<span class=\"_ _6\"/>agement<span class=\"_ _10e\"> </span><span class=\"ls2 ws2\">2,097<span class=\"_ _7\"/>,624<span class=\"_ _36\"> </span>4<span class=\"_ _1\"/>6,953</span>-951,376<span class=\"_ _eb\"> </span>3,095,95<span class=\"_ _1\"/>3Senior mana<span class=\"_ _6\"/>gers<span class=\"_ _11b\"> </span><span class=\"ls2 ws2\">3,<span class=\"_ _6\"/>438,990<span class=\"_ _175\"> </span>149,939<span class=\"_ _17c\"> </span>97<span class=\"_ _7\"/>,615<span class=\"_ _9\"> </span>7<span class=\"_ _1\"/>79,323<span class=\"_ _14c\"> </span>4,465,867</span>Exe<span class=\"_ _1\"/>cuti<span class=\"_ _1\"/>ve Lea<span class=\"_ _1\"/>der<span class=\"_ _1\"/>ship Team (su<span class=\"_ _1\"/>b<span class=\"_ _1\"/>to<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1\"/>)<span class=\"_ _26f\"> </span><span class=\"ls2 ws2\">5,5<span class=\"_ _1\"/>36,614<span class=\"_ _17f\"> </span>196,892<span class=\"_ _26d\"> </span>97<span class=\"_ _7\"/>,615<span class=\"_ _58\"> </span>1,730,699<span class=\"_ _2a4\"> </span>7<span class=\"_ _7\"/>,561,820</span>Super<span class=\"_ _1\"/>visory Board<span class=\"_ _94\"> </span><span class=\"ls2 ws2\">483,000</span>-<span class=\"_ _47\"> </span>-<span class=\"_ _47\"> </span>-483,00<span class=\"_ _1\"/>0To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1\"/> <span class=\"_ _4f\"> </span><span class=\"ls2 ws2\">6,019,614<span class=\"_ _17f\"> </span>196,892<span class=\"_ _e3\"> </span>97<span class=\"_ _7\"/>,615<span class=\"_ _14c\"> </span>1,73<span class=\"_ _1\"/>0,699<span class=\"_ _ce\"> </span>8,044,820</span>Share-P<span class=\"_ _1\"/>os<span class=\"_ _1\"/>t-based Shor<span class=\"_ _1\"/>t<span class=\"_ _7\"/>-term employ<span class=\"_ _6\"/><span class=\"ls2 ws2\">-</span>pay<span class=\"_ _1\"/>men<span class=\"_ _1\"/>t emp<span class=\"_ _1\"/>loyee me<span class=\"_ _1\"/>nt  exp<span class=\"_ _1\"/>ense (in E<span class=\"_ _1\"/>UR)be<span class=\"_ _1\"/>nef<span class=\"_ _1\"/>it<span class=\"_ _1\"/>s be<span class=\"_ _1\"/>nef<span class=\"_ _1\"/>it<span class=\"_ _1\"/>s <span class=\"_ _5\"> </span><span class=\"ls1da ws23b\"> <span class=\"_ _1\"/>Sever<span class=\"_ _1\"/>ance  </span>(I<span class=\"_ _1\"/>F<span class=\"_ _1\"/>RS <span class=\"_ _1\"/>2<span class=\"_ _1\"/>)  <span class=\"_ _2a5\"> </span><span class=\"ws2\">Total 2<span class=\"_ _1\"/>0<span class=\"_ _1\"/>21 </span>Board of Man<span class=\"_ _6\"/>agement<span class=\"_ _2a6\"> </span><span class=\"ff8 fc14 ls2 ws2\">1,988,548<span class=\"_ _12\"> </span>46,698</span>-1,218,184<span class=\"_ _ee\"> </span>3,253,430Senior mana<span class=\"_ _6\"/>gers<span class=\"_ _41\"> </span><span class=\"ff8 fc14 ls2 ws2\">3,015,580<span class=\"_ _145\"> </span>147<span class=\"_ _7\"/>,292</span>-897<span class=\"_ _7\"/>,<span class=\"_ _6\"/>408<span class=\"_ _1c4\"> </span>4,060,<span class=\"_ _1\"/>280Exe<span class=\"_ _1\"/>cuti<span class=\"_ _1\"/>ve Lea<span class=\"_ _1\"/>der<span class=\"_ _1\"/>ship Team (su<span class=\"_ _1\"/>b<span class=\"_ _1\"/>to<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1\"/>)<span class=\"_ _26f\"> </span><span class=\"fc14 ls2 ws2\">5,004,128<span class=\"_ _59\"> </span>193,9<span class=\"_ _1\"/>90</span>-2,<span class=\"_ _6\"/>115,592<span class=\"_ _cc\"> </span>7<span class=\"_ _7\"/>,313,7<span class=\"_ _1\"/>10Super<span class=\"_ _1\"/>visory Board<span class=\"_ _1f8\"> </span><span class=\"ff8 fc14 ls2 ws2\">42<span class=\"_ _1\"/>5,<span class=\"_ _6\"/>415</span>-<span class=\"_ _47\"> </span>-<span class=\"_ _47\"> </span>-425,415To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1\"/> <span class=\"_ _1ff\"> </span><span class=\"fc14 ls2 ws2\">5,429,543<span class=\"_ _17f\"> </span>193,990</span>-2,<span class=\"_ _6\"/>115,592<span class=\"_ _11c\"> </span>7<span class=\"_ _3\"/>,739,125The D<span class=\"_ _1\"/>utch Civil Co<span class=\"_ _1\"/>de disclosures with respe<span class=\"_ _1\"/>ct to re<span class=\"_ _1\"/>munerati<span class=\"_ _1\"/>on of individual me<span class=\"_ _1\"/>mbers of the B<span class=\"_ _1\"/>oard of Manage<span class=\"_ _1\"/>ment and Super<span class=\"_ _1\"/>v<span class=\"_ _1\"/>isor<span class=\"_ _1\"/>y Board ar<span class=\"_ _1\"/>e included in t<span class=\"_ _1\"/>he Remuner<span class=\"_ _1\"/>ation repor<span class=\"_ _1\"/>t.Other transactions<span class=\"_ _6\"/> with ke<span class=\"_ _6\"/>y mana<span class=\"_ _6\"/>gement personnelThe B<span class=\"_ _1\"/>oard of Manag<span class=\"_ _1\"/>ement<span class=\"_ _1\"/>, cert<span class=\"_ _1\"/>ain senior manag<span class=\"_ _1\"/>ers and cer<span class=\"_ _1\"/>tain Sup<span class=\"_ _1\"/>er<span class=\"_ _1\"/>visor<span class=\"_ _1\"/>y B<span class=\"_ _1\"/>oard memb<span class=\"_ _1\"/>ers can acquire shares in Fugr<span class=\"_ _1\"/>o on an arm\u2019s length basis. T<span class=\"_ _1\"/>hese tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>ons are not compens<span class=\"_ _6\"/>ation and a<span class=\"_ _7\"/>s such no expense wa<span class=\"_ _6\"/>s recorded d<span class=\"_ _6\"/>uring the period.2022<span class=\"_ _1ab\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span>Nu<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r of Nu<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r of Nu<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r of Nu<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r of shares shares shares shares acq<span class=\"_ _1\"/>uire<span class=\"_ _1\"/>d dis<span class=\"_ _1\"/>pose<span class=\"_ _1\"/>d of acq<span class=\"_ _1\"/>uire<span class=\"_ _1\"/>d dis<span class=\"_ _1\"/>pose<span class=\"_ _1\"/>d of dur<span class=\"_ _1\"/>ing t<span class=\"_ _1\"/>he dur<span class=\"_ _1\"/>ing t<span class=\"_ _1\"/>he dur<span class=\"_ _1\"/>ing t<span class=\"_ _1\"/>he dur<span class=\"_ _1\"/>ing t<span class=\"_ _1\"/>he year<span class=\"_ _24a\"> </span><span class=\"ls2 ws2\">Issu<span class=\"_ _1\"/>e pr<span class=\"_ _1\"/>ice pa<span class=\"_ _1\"/>id </span>yearyear<span class=\"_ _24a\"> </span><span class=\"ls2 ws2\">Issu<span class=\"_ _1\"/>e pr<span class=\"_ _1\"/>ice pa<span class=\"_ _1\"/>id </span>yearBoard of Man<span class=\"_ _6\"/>agement-<span class=\"_ _2a7\"> </span><span class=\"ff8\">-<span class=\"_ _26d\"> </span></span>-30,00<span class=\"_ _1\"/>0<span class=\"_ _2a8\"> </span><span class=\"ff4\">EUR 7<span class=\"_ _7\"/>.59</span>-Senior mana<span class=\"_ _6\"/>gers<span class=\"_ _225\"> </span><span class=\"ls2 ws2\">1,50<span class=\"_ _1\"/>0<span class=\"_ _39\"> </span><span class=\"ff8\">EUR 14.69 \u2013 EUR 14.70 <span class=\"_ _3\"/> </span></span>-<span class=\"_ _26d\"> </span><span class=\"ff8 fc14\">-<span class=\"_ _2a7\"> </span><span class=\"ff4\">-<span class=\"_ _e3\"> </span></span>-</span>Exe<span class=\"_ _1\"/>cuti<span class=\"_ _1\"/>ve Lea<span class=\"_ _1\"/>der<span class=\"_ _1\"/>ship Team (subto<span class=\"_ _1\"/>tal)<span class=\"_ _2a9\"> </span>1,50<span class=\"_ _1\"/>0-<span class=\"_ _26d\"> </span>-30,0<span class=\"_ _1\"/>00-<span class=\"_ _26d\"> </span>-Super<span class=\"_ _1\"/>visory Board<span class=\"_ _2aa\"> </span><span class=\"ls2 ws2\">28,<span class=\"_ _6\"/>100<span class=\"_ _38\"> </span><span class=\"ff8\">EUR 11.38 \u2013 EUR 13.59</span></span>-6,500<span class=\"_ _7c\"> </span><span class=\"ff4\">EUR 7<span class=\"_ _7\"/>.55 \u2013 EUR 7<span class=\"_ _7\"/>.62</span>-To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _14e\"> </span><span class=\"ls2 ws2\">29,600</span>-36,50<span class=\"_ _1\"/>0-The indi<span class=\"_ _1\"/>vidual sharehol<span class=\"_ _1\"/>dings are less than 5%<span class=\"_ _1\"/>.Othe<span class=\"_ _1\"/>r related parti<span class=\"_ _1\"/>esThe G<span class=\"_ _1\"/>roup has not entere<span class=\"_ _1\"/>d into any material transac<span class=\"_ _1\"/>tio<span class=\"_ _1\"/>n with other r<span class=\"_ _1\"/>elated par<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>.38<span class=\"_ _1\"/>. <span class=\"_ _d\"> </span><span class=\"ff5 fs6 ls1ef ws47\">SUBSEQUE<span class=\"_ _1\"/>NT<span class=\"_ _7\"/> E<span class=\"_ _1\"/>VENTS</span>On 31 J<span class=\"_ _1\"/>anuar<span class=\"_ _1\"/>y 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>3, Fu<span class=\"_ _1\"/>gro signed a vessel c<span class=\"_ _1\"/>harte<span class=\"_ _1\"/>r agreem<span class=\"_ _1\"/>ent with a third par<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y. 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>3, I<span class=\"_ _1\"/>NN<span class=\"_ _1\"/>OVA<span class=\"_ _7\"/>T<span class=\"_ _1\"/>E Corp. (a third par<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y) announced that it has close<span class=\"_ _1\"/>d the sale of th<span class=\"_ _1\"/>e The char<span class=\"_ _1\"/>ter p<span class=\"_ _1\"/>ayments f<span class=\"_ _1\"/>or Fugro excluding p<span class=\"_ _1\"/>otential index<span class=\"_ _1\"/>ations are estimate<span class=\"_ _1\"/>d bet<span class=\"_ _1\"/>ween remaining 1<span class=\"_ _1\"/>9% interest in Huaw<span class=\"_ _1\"/>ei Marin<span class=\"_ _1\"/>e Net<span class=\"_ _1\"/>work<span class=\"_ _1\"/>s Co. Ltd. T<span class=\"_ _1\"/>he 19<span class=\"_ _1\"/>% interest was hel<span class=\"_ _1\"/>d by USD 2<span class=\"_ _1\"/>8 million (3 years) and USD 49 million (<span class=\"_ _1\"/>5 years). On 23 F<span class=\"_ _1\"/>ebr<span class=\"_ _1\"/>uar<span class=\"_ _1\"/>y 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>3, Fu<span class=\"_ _1\"/>gro reache<span class=\"_ _1\"/>d Glob<span class=\"_ _1\"/>al Marine H<span class=\"_ _1\"/>oldings L<span class=\"_ _1\"/>LC, an e<span class=\"_ _1\"/>ntit<span class=\"_ _1\"/>y in which IN<span class=\"_ _1\"/>NOVATE Corp. is th<span class=\"_ _1\"/>e majorit<span class=\"_ _1\"/>y agree<span class=\"_ _1\"/>ment with a third p<span class=\"_ _1\"/>art<span class=\"_ _1\"/>y to acquire t<span class=\"_ _1\"/>wo plat<span class=\"_ _1\"/>form supply vess<span class=\"_ _1\"/>els, which will b<span class=\"_ _1\"/>e sharehold<span class=\"_ _1\"/>er and in which Fu<span class=\"_ _1\"/>gro holds an 2<span class=\"_ _1\"/>3<span class=\"_ _1\"/>.6% interest<span class=\"_ _1\"/>. Af<span class=\"_ _1\"/>ter ta<span class=\"_ _1\"/>xes and transac<span class=\"_ _1\"/>tio<span class=\"_ _1\"/>n costs, repur<span class=\"_ _1\"/>posed to ge<span class=\"_ _1\"/>otechnic<span class=\"_ _1\"/>al vessels. Th<span class=\"_ _1\"/>e respec<span class=\"_ _1\"/>tive capi<span class=\"_ _1\"/>tal exp<span class=\"_ _1\"/>enditures will be a<span class=\"_ _1\"/>cc<span class=\"_ _6\"/>ounted Fugro will re<span class=\"_ _1\"/>ceive approx<span class=\"_ _1\"/>imately USD 1<span class=\"_ _1\"/>0 million, r<span class=\"_ _1\"/>esulting in a minor positive result<span class=\"_ _1\"/>. for in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>3<span class=\"_ _1\"/>. The airp<span class=\"_ _1\"/>lane which was pr<span class=\"_ _1\"/>esented as non-cur<span class=\"_ _1\"/>rent asset held for s<span class=\"_ _1\"/>ale in the This completes th<span class=\"_ _1\"/>e divestment of Fu<span class=\"_ _1\"/>gro\u2019s non-core interest in the G<span class=\"_ _1\"/>lobal Mar<span class=\"_ _1\"/>ine Group APAC regi<span class=\"_ _1\"/>on at 31 De<span class=\"_ _1\"/>cember, was sold to a third par<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y on 24 F<span class=\"_ _1\"/>ebruar<span class=\"_ _1\"/>y 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>3<span class=\"_ _1\"/>. On 7 M<span class=\"_ _1\"/>arch associate, w<span class=\"_ _1\"/>hich was presente<span class=\"_ _1\"/>d as non-current asset he<span class=\"_ _1\"/>ld for sale (note 8<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2).39. <span class=\"_ _295\"> </span><span class=\"ff5 fs6 ls1ef ws47\">S<span class=\"_ _6\"/>UBSIDIARIES AND<span class=\"_ _7\"/> INVESTM<span class=\"_ _1\"/>ENTS<span class=\"_ _6\"/> A<span class=\"_ _6\"/>CC<span class=\"_ _7\"/>OUNTE<span class=\"_ _1\"/>D<span class=\"_ _7\"/> FOR USING<span class=\"_ _7\"/> TH<span class=\"_ _1\"/>E<span class=\"_ _7\"/> EQU<span class=\"_ _1\"/>ITY<span class=\"_ _7\"/> </span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>METHOD OF<span class=\"_ _7\"/> FUG<span class=\"_ _1\"/>R<span class=\"_ _7\"/>O N.<span class=\"_ _7\"/>V<span class=\"_ _7\"/>.<span class=\"_ _7\"/> Unless st<span class=\"_ _1\"/>ated other<span class=\"_ _1\"/>wise<span class=\"_ _1\"/>, the direc<span class=\"_ _1\"/>t or indire<span class=\"_ _1\"/>ct interest of Fu<span class=\"_ _1\"/>gro in the subsidiaries listed Fugro G<span class=\"_ _1\"/>eote<span class=\"_ _1\"/>chnical S<span class=\"_ _1\"/>er<span class=\"_ _1\"/>vices L<span class=\"_ _1\"/>td.<span class=\"_ _3b\"> </span>Fo T<span class=\"_ _7\"/>an<span class=\"_ _1\"/>, Hon<span class=\"_ _1\"/>g Kongbel<span class=\"_ _1\"/>ow is 10<span class=\"_ _1\"/>0<span class=\"_ _1\"/>%<span class=\"_ _1\"/>. Insignificant<span class=\"_ _1\"/>, but consolidated<span class=\"_ _1\"/>, subsidiaries have not be<span class=\"_ _1\"/>en include<span class=\"_ _1\"/>d. Fugro Techni<span class=\"_ _1\"/>cal Ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices Ltd.<span class=\"_ _179\"> </span>T<span class=\"_ _7\"/>ue<span class=\"_ _1\"/>n Mun, H<span class=\"_ _1\"/>ong KongFor e<span class=\"_ _1\"/>ntities whe<span class=\"_ _1\"/>re the direc<span class=\"_ _1\"/>t or indire<span class=\"_ _1\"/>ct interest of Fu<span class=\"_ _1\"/>gro is less than 5<span class=\"_ _1\"/>0%<span class=\"_ _1\"/>, the G<span class=\"_ _1\"/>roup Fugro Geosciences<span class=\"_ _6\"/> Interna<span class=\"_ _6\"/>tional Ltd.<span class=\"_ _110\"> </span><span class=\"ls2 ws2\">Wanchai<span class=\"_ _1\"/>, Hong K<span class=\"_ _1\"/>ong</span>consolidates financ<span class=\"_ _1\"/>ial information of such enti<span class=\"_ _1\"/>ties based on t<span class=\"_ _1\"/>he definit<span class=\"_ _1\"/>ion of control.Fugro (<span class=\"_ _1\"/>Hon<span class=\"_ _1\"/>g Kong<span class=\"_ _1\"/>) Ltd.<span class=\"_ _2b0\"> </span>Wanchai<span class=\"_ _1\"/>, Hong K<span class=\"_ _1\"/>ongFugro H<span class=\"_ _1\"/>oldings (<span class=\"_ _1\"/>Hon<span class=\"_ _1\"/>g Kong) L<span class=\"_ _1\"/>td.<span class=\"_ _2b1\"> </span>Wanchai<span class=\"_ _1\"/>, Hong K<span class=\"_ _1\"/>ongThe subsidiaries liste<span class=\"_ _1\"/>d belo<span class=\"_ _1\"/>w have been f<span class=\"_ _1\"/>ully incorpo<span class=\"_ _1\"/>rated into the consoli<span class=\"_ _1\"/>dated financial Fugro S<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>vey (In<span class=\"_ _1\"/>dia) Private L<span class=\"_ _1\"/>imited<span class=\"_ _98\"> </span>Navi M<span class=\"_ _1\"/>umbai, In<span class=\"_ _1\"/>diastatem<span class=\"_ _1\"/>ents of Fugro<span class=\"_ _1\"/>, unless indicated oth<span class=\"_ _1\"/>er<span class=\"_ _1\"/>wise.Fugro G<span class=\"_ _1\"/>eote<span class=\"_ _1\"/>ch (I<span class=\"_ _1\"/>ndia) Priv<span class=\"_ _1\"/>ate Limite<span class=\"_ _1\"/>d<span class=\"_ _1fe\"> </span>N<span class=\"_ _1\"/>avi Mumbai<span class=\"_ _1\"/>, IndiaPT Fugro Indonesia<span class=\"_ _2b2\"> </span><span class=\"ls1c8 ws1cd\">80%<span class=\"_ _c0\"> </span><span class=\"ls78 ws7d\">Jakar<span class=\"_ _1\"/>ta Selatan<span class=\"_ _1\"/>, Indonesia</span></span>The infor<span class=\"_ _1\"/>mation as require<span class=\"_ _1\"/>d by sec<span class=\"_ _1\"/>tions 2<span class=\"_ _1\"/>:3<span class=\"_ _1\"/>79 and 2<span class=\"_ _1\"/>:41<span class=\"_ _1\"/>4 of the Dutch Ci<span class=\"_ _1\"/>vil Code has be<span class=\"_ _1\"/>en Fug<span class=\"_ _1\"/>ro-<span class=\"_ _1\"/>E<span class=\"_ _1\"/>T<span class=\"_ _1\"/>W L<span class=\"_ _1\"/>LC<span class=\"_ _51\"> </span><span class=\"ls1c8 ws1cd\">50%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls43 ws4b\">Basra, Iraq</span>file<span class=\"_ _1\"/>d at the tr<span class=\"_ _1\"/>ade regist<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y of the Chambe<span class=\"_ _1\"/>r of Commerce in The H<span class=\"_ _1\"/>ague.Fugro I<span class=\"_ _1\"/>taly S<span class=\"_ _1\"/>.p.<span class=\"_ _0\"/>A<span class=\"_ _1\"/>.<span class=\"_ _2b3\"> </span><span class=\"ls43 ws4b\">Rome, Italy</span>Fugro J<span class=\"_ _1\"/>apan Co.<span class=\"_ _1\"/>, Ltd.<span class=\"_ _2b4\"> </span><span class=\"ls78 ws7d\">T<span class=\"_ _6\"/>ok<span class=\"_ _1\"/>yo, Japan</span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>Bulan Se<span class=\"_ _1\"/>latan Sdn B<span class=\"_ _1\"/>hd<span class=\"_ _3c\"> </span><span class=\"ls39 ws216\">49%<span class=\"_ _c0\"> </span></span>Kual<span class=\"_ _1\"/>a Lumpur, MalaysiaFugro M<span class=\"_ _1\"/>alaysia Mar<span class=\"_ _1\"/>ine Sdn Bh<span class=\"_ _1\"/>d<span class=\"_ _2b5\"> </span><span class=\"ls1c8 ws1cd\">30%<span class=\"_ _c0\"> </span></span>Kuala L<span class=\"_ _1\"/>umpur, MalaysiaFugro A<span class=\"_ _1\"/>ustra<span class=\"_ _1\"/>lia Lan<span class=\"_ _1\"/>d Pt<span class=\"_ _1\"/>y L<span class=\"_ _1\"/>td.<span class=\"_ _179\"> </span><span class=\"ls67 ws6b\">Perth, A<span class=\"_ _1\"/>ustralia</span>Fugro M<span class=\"_ _1\"/>auritius L<span class=\"_ _1\"/>td.<span class=\"_ _2ab\"> </span>Q<span class=\"_ _1\"/>uatre B<span class=\"_ _1\"/>orne<span class=\"_ _1\"/>s, Maur<span class=\"_ _1\"/>itiusFugro H<span class=\"_ _1\"/>oldings (<span class=\"_ _1\"/>Austr<span class=\"_ _1\"/>alia) Pt<span class=\"_ _1\"/>y L<span class=\"_ _1\"/>td.<span class=\"_ _80\"> </span><span class=\"ls67 ws6b\">Per<span class=\"_ _1\"/>th, Austr<span class=\"_ _1\"/>ali<span class=\"_ _6\"/>a</span>Fugro M<span class=\"_ _1\"/>exico S<span class=\"_ _1\"/>.<span class=\"_ _1\"/>A<span class=\"_ _1\"/>. de C<span class=\"_ _1\"/>.V.<span class=\"_ _52\"> </span>Ciud<span class=\"_ _1\"/>ad Del C<span class=\"_ _1\"/>arme<span class=\"_ _1\"/>n, Camp<span class=\"_ _1\"/>ech<span class=\"_ _1\"/>e, Fugro A<span class=\"_ _1\"/>ustra<span class=\"_ _1\"/>lia Marine P<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y Ltd<span class=\"_ _1\"/>.<span class=\"_ _256\"> </span><span class=\"ls67 ws6b\">Per<span class=\"_ _1\"/>th, Austr<span class=\"_ _1\"/>ali<span class=\"_ _6\"/>a</span>Me<span class=\"_ _1\"/>xicoFugro E<span class=\"_ _1\"/>xpl<span class=\"_ _1\"/>orat<span class=\"_ _1\"/>ion P<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y Ltd.<span class=\"_ _2ac\"> </span><span class=\"ls67 ws6b\">Per<span class=\"_ _1\"/>th, Australia</span>Fugro H<span class=\"_ _1\"/>oldings (<span class=\"_ _1\"/>NZ<span class=\"_ _1\"/>) Ltd<span class=\"_ _1\"/>.<span class=\"_ _8f\"> </span><span class=\"ls43 ws4b\">N<span class=\"_ _1\"/>ew Plymouth, New Zeal<span class=\"_ _6\"/>and</span>SOC<span class=\"_ _1\"/>AR-Fugro L<span class=\"_ _1\"/>LC<span class=\"_ _7e\"> </span><span class=\"ls39 ws216\">49%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls78 ws7d\">Baku<span class=\"_ _1\"/>, Azerbaijan</span>Fugro N<span class=\"_ _1\"/>ew Ze<span class=\"_ _1\"/>aland Ltd.<span class=\"_ _29a\"> </span><span class=\"ls43 ws4b\">New Plymouth, New Zeal<span class=\"_ _6\"/>and</span>Fugro I<span class=\"_ _1\"/>n Situ G<span class=\"_ _1\"/>eotecn<span class=\"_ _1\"/>ia Ltda.<span class=\"_ _238\"> </span><span class=\"ls7a ws7f\">P<span class=\"_ _1\"/>inhais, Br<span class=\"_ _1\"/>azil</span>Fugro N<span class=\"_ _1\"/>or<span class=\"_ _1\"/>way A<span class=\"_ _1\"/>S<span class=\"_ _1e0\"> </span><span class=\"ls4c ws53\">Oslo, Nor<span class=\"_ _1\"/>way</span>Fugro B<span class=\"_ _1\"/>rasil Le<span class=\"_ _1\"/>vantam<span class=\"_ _1\"/>entos Ltda.<span class=\"_ _249\"> </span>R<span class=\"_ _1\"/>io de Jan<span class=\"_ _1\"/>eiro, B<span class=\"_ _1\"/>razilFugr<span class=\"_ _1\"/>o Philippin<span class=\"_ _1\"/>es Inc.<span class=\"_ _1\"/> <span class=\"_ _2b6\"> </span>Manila<span class=\"_ _1\"/>, Philipp<span class=\"_ _1\"/>inesFugro H<span class=\"_ _1\"/>olding B<span class=\"_ _1\"/>elgium N<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _24c\"> </span><span class=\"ls43 ws4b\">Louvain<span class=\"_ _6\"/> la Neuve, Belgiu<span class=\"_ _6\"/>m</span>Fugro P<span class=\"_ _1\"/>eninsular Ser<span class=\"_ _1\"/>vi<span class=\"_ _1\"/>ces Co. W.L<span class=\"_ _1\"/>.<span class=\"_ _1\"/>L<span class=\"_ _1\"/>.<span class=\"_ _12a\"> </span><span class=\"ls39 ws216\">49%<span class=\"_ _c0\"> </span></span>Do<span class=\"_ _1\"/>ha, Qat<span class=\"_ _1\"/>arFugro C<span class=\"_ _1\"/>anada<span class=\"_ _1\"/>, Corp.<span class=\"_ _2ad\"> </span><span class=\"ls1fa ws206\">St. J<span class=\"_ _1\"/>ohn\u2019s, Canada</span>Fugro<span class=\"_ _1\"/>-Suhaimi Ltd.<span class=\"_ _a5\"> </span><span class=\"ls1c8 ws1cd\">5<span class=\"_ _1\"/>0%<span class=\"_ _c0\"> </span><span class=\"ls78 ws7d\">Dammam<span class=\"_ _1\"/>, Saudi Arabia</span></span>Fugro C<span class=\"_ _1\"/>hile S.<span class=\"_ _0\"/>A<span class=\"_ _1\"/>.<span class=\"_ _115\"> </span><span class=\"ls78 ws7d\">Santiago, Chile</span>Easter<span class=\"_ _1\"/>n Suppor<span class=\"_ _1\"/>te<span class=\"_ _1\"/>r Pte L<span class=\"_ _1\"/>td <span class=\"_ _9d\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>China Offshore Fugro<span class=\"_ _6\"/> GeoSolutions (Shen<span class=\"_ _6\"/>zhen<span class=\"_ _6\"/>) 50%*<span class=\"_ _39\"> </span><span class=\"fs6 ls2b ws33\">Shekou, Shen<span class=\"_ _7\"/>zhen, China</span>Fugro M<span class=\"_ _1\"/>arine Pe<span class=\"_ _1\"/>rsonn<span class=\"_ _1\"/>el P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _ad\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Co. Ltd<span class=\"_ _1\"/>.Fugro S<span class=\"_ _1\"/>ingapor<span class=\"_ _1\"/>e Marine P<span class=\"_ _1\"/>te L<span class=\"_ _1\"/>td<span class=\"_ _77\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro O<span class=\"_ _1\"/>ff<span class=\"_ _1\"/>shore Sur<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>y (Shenzhen) Co. Ltd<span class=\"_ _1\"/>.<span class=\"_ _4b\"> </span><span class=\"ls2b ws33\">Shen<span class=\"_ _7\"/>zhen, China</span>Fugro S<span class=\"_ _1\"/>atellite Positio<span class=\"_ _1\"/>ning P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _25e\"> </span><span class=\"ls1e5 ws1eb\">Singa<span class=\"_ _6\"/>pore, Singapore</span>Fugro P<span class=\"_ _1\"/>acif<span class=\"_ _1\"/>ica Qinhua<span class=\"_ _1\"/>ngdao Co. L<span class=\"_ _1\"/>td.<span class=\"_ _110\"> </span><span class=\"ls1fa ws206\">Qinhuang<span class=\"_ _1\"/>dao, China</span>Fugro P<span class=\"_ _1\"/>rope<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ies P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _8f\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro Techni<span class=\"_ _1\"/>cal Ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices (Guangzhou) Ltd.<span class=\"_ _54\"> </span><span class=\"ls7a ws7f\">G<span class=\"_ _1\"/>uangzhou<span class=\"_ _1\"/>, China</span>Sout<span class=\"_ _1\"/>hern E<span class=\"_ _1\"/>volutio<span class=\"_ _1\"/>n Pte L<span class=\"_ _1\"/>td.<span class=\"_ _4f\"> </span><span class=\"ls1e5 ws1eb\">Singapore<span class=\"_ _1\"/>, Si<span class=\"_ _6\"/>ngapore</span>Fugro Co<span class=\"_ _1\"/>nsultants Inte<span class=\"_ _1\"/>rnatio<span class=\"_ _1\"/>nal N.V.<span class=\"_ _23c\"> </span>W<span class=\"_ _1\"/>illemsta<span class=\"_ _1\"/>d, Cura<span class=\"_ _1\"/>\u00e7aoEaster<span class=\"_ _1\"/>n Marine<span class=\"_ _1\"/>r Pt<span class=\"_ _1\"/>e Ltd.<span class=\"_ _53\"> </span><span class=\"ls1e5 ws1eb\">Si<span class=\"_ _6\"/>ngapore, Singapore</span>Fugro Financial I<span class=\"_ _1\"/>nternational N<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _95\"> </span><span class=\"ls2 ws2\">W<span class=\"_ _1\"/>illemsta<span class=\"_ _1\"/>d, Cura<span class=\"_ _1\"/>\u00e7ao</span>Easter<span class=\"_ _1\"/>n Equator P<span class=\"_ _1\"/>te Ltd<span class=\"_ _1\"/>.<span class=\"_ _123\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro M<span class=\"_ _1\"/>arine Sur<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>y Int. L<span class=\"_ _1\"/>td. Egy<span class=\"_ _1\"/>pt<span class=\"_ _cd\"> </span><span class=\"ls2b ws33\">Cairo,<span class=\"_ _6\"/> Egypt</span>Fugro S<span class=\"_ _1\"/>ingapor<span class=\"_ _1\"/>e Lan<span class=\"_ _1\"/>d Pte L<span class=\"_ _1\"/>td.<span class=\"_ _2b7\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro S<span class=\"_ _1\"/>.<span class=\"_ _1\"/>A<span class=\"_ _1\"/>.<span class=\"_ _1\"/>E<span class=\"_ _1\"/>.<span class=\"_ _53\"> </span>-<span class=\"_ _231\"> </span><span class=\"ls2b ws33\">Cairo, Egypt</span>Fugro S<span class=\"_ _1\"/>ubsea T<span class=\"_ _6\"/>echn<span class=\"_ _1\"/>ologi<span class=\"_ _1\"/>es P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _98\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro G<span class=\"_ _1\"/>eoi<span class=\"_ _1\"/>d S.<span class=\"_ _1\"/>A<span class=\"_ _0\"/>.<span class=\"_ _1\"/>S.<span class=\"_ _2ae\"> </span><span class=\"ls78 ws7d\">Castr<span class=\"_ _1\"/>ies, Fran<span class=\"_ _1\"/>ce</span>Fugro S<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>vey Afr<span class=\"_ _1\"/>ica (P<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y) Ltd.<span class=\"_ _fe\"> </span>Ca<span class=\"_ _1\"/>pe T<span class=\"_ _6\"/>own<span class=\"_ _1\"/>, South A<span class=\"_ _1\"/>fric<span class=\"_ _1\"/>aFugro H<span class=\"_ _1\"/>olding Fr<span class=\"_ _1\"/>ance S<span class=\"_ _1\"/>.<span class=\"_ _1\"/>A<span class=\"_ _1\"/>.<span class=\"_ _1\"/>S.<span class=\"_ _1ff\"> </span><span class=\"ls78 ws7d\">Nanterre, Fr<span class=\"_ _1\"/>ance</span>Fugro G<span class=\"_ _1\"/>eo<span class=\"_ _1\"/>detic AG<span class=\"_ _2ae\"> </span><span class=\"ls28 ws30\">Zug<span class=\"_ _1\"/>, Switzerland</span>Fugro G<span class=\"_ _1\"/>ermany L<span class=\"_ _1\"/>and GmbH<span class=\"_ _179\"> </span><span class=\"ls7a ws7f\">Berlin<span class=\"_ _1\"/>, Ge<span class=\"_ _1\"/>rmany</span>Fugro I<span class=\"_ _1\"/>OV<span class=\"_ _1\"/>T<span class=\"_ _1\"/>EC Co. L<span class=\"_ _1\"/>td.<span class=\"_ _81\"> </span><span class=\"ls39 ws216\">49%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls78 ws7d\">T<span class=\"_ _6\"/>aipei Cit<span class=\"_ _1\"/>y, T<span class=\"_ _7\"/>aiw<span class=\"_ _1\"/>an</span>Fugro G<span class=\"_ _1\"/>ermany Marine G<span class=\"_ _1\"/>mbH<span class=\"_ _256\"> </span><span class=\"ls4c ws53\">Bremen, G<span class=\"_ _1\"/>ermany</span>Agun<span class=\"_ _1\"/>g Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _257\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherland<span class=\"_ _7\"/>s</span>Fugro G<span class=\"_ _1\"/>hana Limi<span class=\"_ _1\"/>ted <span class=\"_ _2af\"> </span><span class=\"ls1c8 ws1cd\">90%<span class=\"_ _c0\"> </span><span class=\"ls1fa ws206\">Accra<span class=\"_ _1\"/>, Ghana</span></span>Kik<span class=\"_ _1\"/>a Shipping<span class=\"_ _1\"/> B.V<span class=\"_ _6\"/>.<span class=\"_ _2b8\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>Kilima<span class=\"_ _1\"/>njaro Shippin<span class=\"_ _1\"/>g B.V.<span class=\"_ _27f\"> </span><span class=\"ls43 ws4b\">Leidschenda<span class=\"_ _6\"/>m, The Netherlands</span>Fugro En<span class=\"_ _6\"/>terprise, Inc.<span class=\"_ _1f9\"> </span><span class=\"ls2 ws2\">H<span class=\"_ _1\"/>ouston<span class=\"_ _1\"/>, United St<span class=\"_ _1\"/>ates</span>Fugro N<span class=\"_ _1\"/>L Ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices B.V.<span class=\"_ _1d0\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Fugro (<span class=\"_ _1\"/>USA<span class=\"_ _1\"/>) Hol<span class=\"_ _1\"/>dings, In<span class=\"_ _1\"/>c.<span class=\"_ _9d\"> </span>Houston<span class=\"_ _1\"/>, Unite<span class=\"_ _1\"/>d StatesKat<span class=\"_ _1\"/>la Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _1b3\"> </span><span class=\"ls43 ws4b\">Leidschenda<span class=\"_ _6\"/>m, The Netherlands</span>Fugro U<span class=\"_ _1\"/>SA Mar<span class=\"_ _1\"/>ine, Inc<span class=\"_ _1\"/>.<span class=\"_ _1cd\"> </span>L<span class=\"_ _1\"/>af<span class=\"_ _1\"/>ayett<span class=\"_ _1\"/>e, Unite<span class=\"_ _1\"/>d StatesAlutan Ship<span class=\"_ _1\"/>ping B.V<span class=\"_ _7\"/>.<span class=\"_ _239\"> </span><span class=\"ls43 ws4b\">Leidschendam, The<span class=\"_ _6\"/> Netherlands</span>*Jo<span class=\"_ _1\"/>int arr<span class=\"_ _1\"/>ang<span class=\"_ _1\"/>eme<span class=\"_ _1\"/>nts cl<span class=\"_ _1\"/>assif<span class=\"_ _1\"/>ied as j<span class=\"_ _1\"/>oint v<span class=\"_ _1\"/>entur<span class=\"_ _1\"/>es or ass<span class=\"_ _1\"/>ocia<span class=\"_ _1\"/>tes tha<span class=\"_ _1\"/>t are e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y-acco<span class=\"_ _1\"/>unted<span class=\"_ _1\"/>.Erebus Shippi<span class=\"_ _6\"/>ng B.V<span class=\"_ _7\"/>.<span class=\"_ _45\"> </span><span class=\"ls43 ws4b\">Leids<span class=\"_ _6\"/>chendam, The Netherland<span class=\"_ _6\"/>s</span>Fos<span class=\"_ _1\"/>ter Shipp<span class=\"_ _1\"/>ing B.V.<span class=\"_ _fb\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Mayo<span class=\"_ _1\"/>n Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _2ad\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherland<span class=\"_ _6\"/>s</span>T<span class=\"_ _7\"/>ar<span class=\"_ _1\"/>anaki Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _1d0\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>T<span class=\"_ _6\"/>ongar<span class=\"_ _1\"/>iro Shipp<span class=\"_ _1\"/>ing B.V.<span class=\"_ _176\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Ar<span class=\"_ _1\"/>juna Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _255\"> </span><span class=\"ls43 ws4b\">L<span class=\"_ _1\"/>eidsc<span class=\"_ _6\"/>hendam, The Netherland<span class=\"_ _6\"/>s</span>Fugro S<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>vey B.V.<span class=\"_ _2b9\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Fugro N<span class=\"_ _1\"/>L L<span class=\"_ _1\"/>and B<span class=\"_ _1\"/>.<span class=\"_ _6\"/>V<span class=\"_ _6\"/>.<span class=\"_ _1b3\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Fugro Nederland B.V<span class=\"_ _7\"/>.<span class=\"_ _2ba\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Fugro I<span class=\"_ _1\"/>nnovati<span class=\"_ _1\"/>on &amp; Technolo<span class=\"_ _1\"/>gy B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _1a8\"> </span><span class=\"ls43 ws4b\">Leidschendam, The<span class=\"_ _6\"/> Netherlands</span>Fugro M<span class=\"_ _1\"/>arine S<span class=\"_ _1\"/>er<span class=\"_ _1\"/>vices B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _9d\"> </span><span class=\"ls43 ws4b\">L<span class=\"_ _1\"/>eids<span class=\"_ _6\"/>chendam, The Netherland<span class=\"_ _6\"/>s</span>Fugro F<span class=\"_ _1\"/>inancial Reso<span class=\"_ _1\"/>urces B.V<span class=\"_ _6\"/>.<span class=\"_ _d6\"> </span><span class=\"ls43 ws4b\">Leids<span class=\"_ _6\"/>chendam, The Netherland<span class=\"_ _6\"/>s</span>Fugro Vastg<span class=\"_ _1\"/>oed B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _2bb\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Scener<span class=\"_ _1\"/>y Sh<span class=\"_ _6\"/>ipping B.<span class=\"_ _6\"/>V<span class=\"_ _7\"/>.<span class=\"_ _227\"> </span><span class=\"ls43 ws4b\">Leidschenda<span class=\"_ _6\"/>m, The Netherlands</span>Semeru Shipping<span class=\"_ _6\"/> B.V<span class=\"_ _7\"/>.<span class=\"_ _227\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherlands</span>Seabed<span class=\"_ _7\"/> Geosolu<span class=\"_ _6\"/>tion<span class=\"_ _7\"/>s B.V<span class=\"_ _7\"/>.<span class=\"_ _2ac\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Wavew<span class=\"_ _1\"/>alker B.V.<span class=\"_ _4f\"> </span><span class=\"ls1c8 ws1cd\">50%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls43 ws4b\">Leidschendam, The Netherland<span class=\"_ _7\"/>s</span>Bosav<span class=\"_ _1\"/>i Shippin<span class=\"_ _1\"/>g B.V.<span class=\"_ _239\"> </span><span class=\"ls2 ws2\">No<span class=\"_ _1\"/>otdorp, T<span class=\"_ _1\"/>he Ne<span class=\"_ _1\"/>therla<span class=\"_ _1\"/>nds</span>Hast<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>da Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _6\"/>.<span class=\"_ _299\"> </span><span class=\"ls2 ws2\">N<span class=\"_ _1\"/>ootdor<span class=\"_ _1\"/>p, The N<span class=\"_ _1\"/>ether<span class=\"_ _1\"/>lands</span>Fugro N<span class=\"_ _1\"/>ethe<span class=\"_ _1\"/>rlands Mar<span class=\"_ _1\"/>ine B<span class=\"_ _1\"/>.<span class=\"_ _6\"/>V<span class=\"_ _6\"/>.<span class=\"_ _c2\"> </span>No<span class=\"_ _1\"/>otdorp, T<span class=\"_ _1\"/>he Net<span class=\"_ _1\"/>herlan<span class=\"_ _1\"/>dsFugro Trinidad L<span class=\"_ _1\"/>td.<span class=\"_ _1fc\"> </span><span class=\"ls7a ws7f\">Por<span class=\"_ _1\"/>t of Spain<span class=\"_ _1\"/>, T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>inidad</span>Fugro M<span class=\"_ _1\"/>iddle East<span class=\"_ _af\"> </span><span class=\"ls39 ws216\">49%<span class=\"_ _c0\"> </span></span>D<span class=\"_ _1\"/>ubai, Unit<span class=\"_ _1\"/>ed Ar<span class=\"_ _1\"/>ab Emir<span class=\"_ _1\"/>atesFugro G<span class=\"_ _1\"/>B (N<span class=\"_ _1\"/>or<span class=\"_ _1\"/>th) Marine L<span class=\"_ _1\"/>imite<span class=\"_ _1\"/>d<span class=\"_ _2bc\"> </span><span class=\"ls4c ws53\">Aberdeen<span class=\"_ _1\"/>, Unit<span class=\"_ _6\"/>ed Kingdom</span>Fugro Ge<span class=\"_ _1\"/>oSer<span class=\"_ _1\"/>vices Limite<span class=\"_ _1\"/>d<span class=\"_ _51\"> </span><span class=\"ls78 ws7d\">Falmouth<span class=\"_ _1\"/>, United King<span class=\"_ _1\"/>dom</span>Hush Cr<span class=\"_ _1\"/>aft L<span class=\"_ _1\"/>td<span class=\"_ _22b\"> </span><span class=\"ls39 ws216\">49%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls7a ws7f\">Suf<span class=\"_ _1\"/>folk<span class=\"_ _1\"/>, Unite<span class=\"_ _1\"/>d Kin<span class=\"_ _1\"/>gdom</span>Fugro H<span class=\"_ _1\"/>oldings L<span class=\"_ _1\"/>imited<span class=\"_ _176\"> </span><span class=\"ls7a ws7f\">Wallingfor<span class=\"_ _1\"/>d, Unite<span class=\"_ _1\"/>d Kin<span class=\"_ _1\"/>gdom</span>Fugro G<span class=\"_ _1\"/>B Mar<span class=\"_ _1\"/>ine Limite<span class=\"_ _1\"/>d<span class=\"_ _27f\"> </span><span class=\"ls7a ws7f\">Wallingfo<span class=\"_ _1\"/>rd, Unite<span class=\"_ _1\"/>d Kin<span class=\"_ _1\"/>gdom</span>Fugro Properties Limited<span class=\"_ _8f\"> </span><span class=\"ls7a ws7f\">Walling<span class=\"_ _1\"/>ford, U<span class=\"_ _1\"/>nited K<span class=\"_ _1\"/>ingd<span class=\"_ _1\"/>om</span>Glo<span class=\"_ _1\"/>bal Marin<span class=\"_ _1\"/>e Hol<span class=\"_ _1\"/>dings LLC<span class=\"_ _ec\"> </span><span class=\"ls202 ws20e\">2<span class=\"_ _1\"/>3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>6%</span>*<span class=\"_ _47\"> </span><span class=\"fs6\">De<span class=\"_ _1\"/>laware<span class=\"_ _1\"/>, United St<span class=\"_ _1\"/>ates</span>Fugr<span class=\"_ _1\"/>o Brasilis<span class=\"_ _1\"/>, Inc.<span class=\"_ _1d1\"> </span><span class=\"ls2 ws2\">H<span class=\"_ _1\"/>ouston<span class=\"_ _1\"/>, Unite<span class=\"_ _1\"/>d States</span>Fugro G<span class=\"_ _1\"/>ulf, Inc.<span class=\"_ _2bd\"> </span>Hous<span class=\"_ _1\"/>ton, Uni<span class=\"_ _1\"/>ted StatesFugro Sy<span class=\"_ _1\"/>nerg<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, Inc<span class=\"_ _1\"/>.<span class=\"_ _109\"> </span>Ho<span class=\"_ _1\"/>uston, Un<span class=\"_ _1\"/>ited StatesFugro USA Land, Inc.<span class=\"_ _2b4\"> </span><span class=\"ls2 ws2\">Houston<span class=\"_ _1\"/>, United St<span class=\"_ _1\"/>ates</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-2-2": {
   "value": "1.  GENERAL INFORMATIONFugroN.V.hereinafter to be referred to as \u2018Fugro\u2019 or \u2018the company\u2019 has its corporate seat inthe NetherlandsThe address of the company\u2019s principal office isVeurse Achterweg 10,2264 SG, LeidschendamThe NetherlandsThe consolidated financial statements of Fugroas at and for the year ended 31 December 2022 include Fugro and its subsidiaries (together referred to as the \u2018Group\u2019) and the Group\u2019s interests in equity-accounted investees. 2.  BASIS OF PREPARATIONThe financial statements are presented in EUR x 1,000, unless stated otherwise. The Euro is the presentation currency of the company.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-3-3": {
   "value": "FugroN.V.",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f44973": {
   "value": "N.V.",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f44993": {
   "value": "the Netherlands",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-10-3": {
   "value": "Veurse Achterweg 10,2264 SG, LeidschendamThe Netherlands",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f45018": {
   "value": "The Netherlands",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-15-3": {
   "value": "2.  BASIS OF PREPARATIONThe consolidated financial statements have been prepared in accordance with International Financial Reporting Standards as adopted by the European Union (IFRS-EU) and with Part 9 of Book 2 of the Netherlands Civil Code. On 10 March 2023, the Board of Management and Supervisory Board authorised the financial statements for issue. The financial statements will be submitted for adoption to the annual general meeting which takes place on 26 April 2023.The financial statements have been prepared on the measurement basis of historical cost, except for the following assets and liabilities that are stated at their fair value: derivative financial instruments, equity securities and plan assets associated with defined benefit plans. For more detailed information on the measurement basis, reference is made to the relevant notes to the consolidated financial statements.The financial statements are presented in EUR x 1,000, unless stated otherwise. The Euro is the presentation currency of the company.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-15-4": {
   "value": "2.  BASIS OF PREPARATIONThe consolidated financial statements have been prepared in accordance with International Financial Reporting Standards as adopted by the European Union (IFRS-EU) and with Part 9 of Book 2 of the Netherlands Civil Code. ",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-15-5": {
   "value": "2.  BASIS OF PREPARATIONOn 10 March 2023, the Board of Management and Supervisory Board authorised the financial statements for issue. The financial statements will be submitted for adoption to the annual general meeting which takes place on 26 April 2023.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-20-2": {
   "value": "2<span class=\"_ _1\"/>.1 <span class=\"_ _17e\"> </span><span class=\"ff2 fs3 ls9e wsa2\">E<span class=\"_ _1\"/>stimates, judgem<span class=\"_ _1\"/>ents and uncer<span class=\"_ _1\"/>tainties</span>The pr<span class=\"_ _1\"/>eparati<span class=\"_ _1\"/>on of the consolidated f<span class=\"_ _1\"/>inancial state<span class=\"_ _1\"/>ments re<span class=\"_ _1\"/>quires manageme<span class=\"_ _1\"/>nt to make judgem<span class=\"_ _1\"/>ents<span class=\"_ _1\"/>, estimates, assumptions and consider uncer<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ainties that aff<span class=\"_ _1\"/>ect t<span class=\"_ _1\"/>he applicati<span class=\"_ _1\"/>on of accounting polici<span class=\"_ _1\"/>es and the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ted amount<span class=\"_ _1\"/>s of assets, liab<span class=\"_ _1\"/>ilities, income an<span class=\"_ _1\"/>d exp<span class=\"_ _1\"/>enses. Ac<span class=\"_ _1\"/>tual results may t<span class=\"_ _1\"/>herefor<span class=\"_ _1\"/>e differ mater<span class=\"_ _1\"/>ially from t<span class=\"_ _1\"/>hese estimates:Es<span class=\"_ _1\"/>timate<span class=\"_ _1\"/>s, ju<span class=\"_ _1\"/>dge<span class=\"_ _1\"/>ment<span class=\"_ _1\"/>s and un<span class=\"_ _1\"/>cer<span class=\"_ _1\"/>tain<span class=\"_ _1\"/>ties wi<span class=\"_ _1\"/>th resp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>t to:<span class=\"_ _a2\"> </span><span class=\"ff2 fs36 ls1da ws1e0\">Note:</span>Impair<span class=\"_ _1\"/>ment of non-fina<span class=\"_ _1\"/>ncial asset<span class=\"_ _1\"/>s (pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equip<span class=\"_ _1\"/>ment<span class=\"_ _1\"/>, right-of-use asset<span class=\"_ _1\"/>s and intang<span class=\"_ _1\"/>ible asset<span class=\"_ _1\"/>s including g<span class=\"_ _1\"/>ood<span class=\"_ _1\"/>will<span class=\"_ _1\"/>)15Impair<span class=\"_ _1\"/>ment of fina<span class=\"_ _1\"/>ncial asset<span class=\"_ _1\"/>s (<span class=\"_ _7\"/>t<span class=\"_ _1\"/>rad<span class=\"_ _1\"/>e receiv<span class=\"_ _1\"/>ables<span class=\"_ _1\"/>, unbilled r<span class=\"_ _1\"/>evenue on (<span class=\"_ _6\"/>comple<span class=\"_ _6\"/>ted) projec<span class=\"_ _1\"/>ts, and other receivables<span class=\"_ _7\"/>)25Deferred<span class=\"_ _6\"/> tax18Accounting f<span class=\"_ _1\"/>or the ref<span class=\"_ _1\"/>inancing5, <span class=\"ls43 ws4b\">27</span> and <span class=\"ls1f0 ws1f4\">30</span>Employe<span class=\"_ _1\"/>e benefit<span class=\"_ _1\"/>s31Provision<span class=\"_ _7\"/>s32Climate-re<span class=\"_ _1\"/>lated mat<span class=\"_ _1\"/>ters6Macro-economic envi<span class=\"_ _6\"/>ronment fol<span class=\"_ _6\"/>lowing geo-political<span class=\"_ _6\"/> events and<span class=\"_ _6\"/> Covid-<span class=\"_ _7\"/>1<span class=\"_ _1\"/>9 pandemic 9, <span class=\"ls1f1 ws1f5\">34</span> and <span class=\"ls43 ws4b\">36</span>5<span class=\"_ _1\"/>. <span class=\"_ _b\"> </span><span class=\"ff5 fs6 ls1f3 ws1f7\">REF<span class=\"_ _1\"/>INANCIN<span class=\"_ _1\"/>G<span class=\"_ _7\"/> 2<span class=\"_ _1\"/>022</span>On 26 J<span class=\"_ _1\"/>uly 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, Fu<span class=\"_ _1\"/>gro completed a EU<span class=\"_ _1\"/>R 11<span class=\"_ _1\"/>6<span class=\"_ _1\"/>.1 million equit<span class=\"_ _1\"/>y raise t<span class=\"_ _1\"/>hrough an acceler<span class=\"_ _1\"/>ated bo<span class=\"_ _1\"/>okbuild of<span class=\"_ _1\"/>fering<span class=\"_ _1\"/>. The of<span class=\"_ _1\"/>fering w<span class=\"_ _1\"/>as su<span class=\"_ _6\"/>ppo<span class=\"_ _1\"/>rte<span class=\"_ _1\"/>d by a number of pre<span class=\"_ _1\"/>-commit<span class=\"_ _1\"/>ted investors<span class=\"_ _1\"/>, who agre<span class=\"_ _1\"/>ed to subscrib<span class=\"_ _1\"/>e for over 5<span class=\"_ _1\"/>0% of th<span class=\"_ _1\"/>e deal size. T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ion costs on th<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y issue amounted to EU<span class=\"_ _1\"/>R 2.<span class=\"_ _1\"/>3 millio<span class=\"_ _1\"/>n. On 2<span class=\"_ _1\"/>5 July 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, the company simultane<span class=\"_ _1\"/>ously announced a comp<span class=\"_ _1\"/>rehensive sustainabilit<span class=\"_ _1\"/>y-linked refinan<span class=\"_ _1\"/>cing of its bank de<span class=\"_ _1\"/>bt as summarised b<span class=\"_ _1\"/>elow. This ref<span class=\"_ _1\"/>inancing consisted of a full set<span class=\"_ _1\"/>tleme<span class=\"_ _1\"/>nt of existing debt<span class=\"_ _1\"/>, cancellatio<span class=\"_ _1\"/>n of commitments an<span class=\"_ _1\"/>d termination of th<span class=\"_ _1\"/>e existing Faciliti<span class=\"_ _1\"/>es Agre<span class=\"_ _1\"/>ement.On 2<span class=\"_ _1\"/>8 July 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, up<span class=\"_ _1\"/>on set<span class=\"_ _1\"/>tlement of th<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y raise, t<span class=\"_ _1\"/>he company simultane<span class=\"_ _1\"/>ously repurchase<span class=\"_ _1\"/>d EUR 9 million (on a nominal basis<span class=\"_ _6\"/>) of its subo<span class=\"_ _1\"/>rdinated conver<span class=\"_ _1\"/>tible bo<span class=\"_ _1\"/>nds due 2 Novemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>24 at par using proce<span class=\"_ _1\"/>eds from th<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y raise. A<span class=\"_ _1\"/>n amount of EU<span class=\"_ _1\"/>R 91 mill<span class=\"_ _6\"/>ion (principal on a<span class=\"_ _6\"/> nomina<span class=\"_ _6\"/>l bas<span class=\"_ _6\"/>is<span class=\"_ _7\"/>) remained outstandi<span class=\"_ _6\"/>ng of the<span class=\"_ _6\"/> conv<span class=\"_ _6\"/>er<span class=\"_ _1\"/>tible<span class=\"_ _6\"/> bonds due 20<span class=\"_ _1\"/>24. I<span class=\"_ _1\"/>n August 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2, F<span class=\"_ _1\"/>ugro fully re<span class=\"_ _1\"/>paid the ex<span class=\"_ _1\"/>isting senior revo<span class=\"_ _1\"/>lving cre<span class=\"_ _1\"/>dit facilit<span class=\"_ _1\"/>y in t<span class=\"_ _1\"/>wo tran<span class=\"_ _1\"/>ches for a tot<span class=\"_ _1\"/>al amount of EUR 7<span class=\"_ _1\"/>5 million (nominal amount). On 5 A<span class=\"_ _1\"/>ugust 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, the ex<span class=\"_ _1\"/>isting EUR 2<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0 million seni<span class=\"_ _1\"/>or revolv<span class=\"_ _1\"/>ing credit f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y (<span class=\"_ _7\"/>e<span class=\"_ _1\"/>xisting RCF, including ancillar<span class=\"_ _1\"/>y facilit<span class=\"_ _1\"/>y of EU<span class=\"_ _1\"/>R 5<span class=\"_ _1\"/>0 million) and EUR 1<span class=\"_ _1\"/>88 millio<span class=\"_ _1\"/>n (<span class=\"_ _6\"/>nominal amount) se<span class=\"_ _1\"/>nior term ex<span class=\"_ _1\"/>piring on 14 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>3 we<span class=\"_ _1\"/>re cancelled an<span class=\"_ _1\"/>d replaced by a n<span class=\"_ _1\"/>ew EUR 2<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 million seni<span class=\"_ _1\"/>or term loan and a new E<span class=\"_ _1\"/>UR 20<span class=\"_ _0\"/>0 million senior R<span class=\"_ _1\"/>CF<span class=\"_ _7\"/>, to<span class=\"_ _1\"/>gethe<span class=\"_ _1\"/>r called th<span class=\"_ _1\"/>e Senior Facilit<span class=\"_ _1\"/>y A<span class=\"_ _1\"/>greeme<span class=\"_ _1\"/>nt (SFA). On 5 A<span class=\"_ _1\"/>ugust 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, th<span class=\"_ _1\"/>e transac<span class=\"_ _1\"/>tion cl<span class=\"_ _1\"/>osed and th<span class=\"_ _1\"/>e SFA becam<span class=\"_ _1\"/>e effe<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ve. On 5 Au<span class=\"_ _1\"/>gust 20<span class=\"_ _1\"/>22<span class=\"_ _1\"/>, Fugro issued t<span class=\"_ _1\"/>he new ter<span class=\"_ _1\"/>m loan (E<span class=\"_ _1\"/>UR 20<span class=\"_ _0\"/>0 million) and fully set<span class=\"_ _1\"/>tled th<span class=\"_ _1\"/>e existing te<span class=\"_ _1\"/>rm loan of EU<span class=\"_ _1\"/>R 18<span class=\"_ _1\"/>8 million pr<span class=\"_ _1\"/>incipal and EU<span class=\"_ _1\"/>R 1.<span class=\"_ _1\"/>7 million of accrue<span class=\"_ _1\"/>d interest. The n<span class=\"_ _1\"/>et procee<span class=\"_ _1\"/>ds amounted to EU<span class=\"_ _1\"/>R 1<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>0 million (net of transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s<span class=\"_ _7\"/>). O<span class=\"_ _1\"/>n 5 August 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, th<span class=\"_ _1\"/>e existing ancillar<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y outst<span class=\"_ _1\"/>anding amount of EU<span class=\"_ _1\"/>R 18<span class=\"_ _1\"/>.<span class=\"_ _1\"/>7 million was repai<span class=\"_ _1\"/>d using procee<span class=\"_ _1\"/>ds from the e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y raise. Transac<span class=\"_ _1\"/>tion costs f<span class=\"_ _1\"/>or the new te<span class=\"_ _1\"/>rm loan amo<span class=\"_ _1\"/>unted to EU<span class=\"_ _1\"/>R 3.<span class=\"_ _1\"/>7 million. Transac<span class=\"_ _1\"/>tion costs f<span class=\"_ _1\"/>or the ne<span class=\"_ _1\"/>w RCF amounted to E<span class=\"_ _1\"/>UR 3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million. O<span class=\"_ _1\"/>ther professional se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vices fees (<span class=\"_ _1\"/>EUR 2<span class=\"_ _1\"/>.1 million) that did not qualif<span class=\"_ _1\"/>y as transa<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>n costs were recognise<span class=\"_ _1\"/>d in profit and l<span class=\"_ _1\"/>oss and presented in ot<span class=\"_ _1\"/>her exp<span class=\"_ _1\"/>enses.On 2 N<span class=\"_ _1\"/>ovember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, EUR 4<span class=\"_ _1\"/>8<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million of the re<span class=\"_ _1\"/>maining conver<span class=\"_ _1\"/>tible bon<span class=\"_ _1\"/>d was repaid at par value, followi<span class=\"_ _6\"/>ng the exerc<span class=\"_ _6\"/>ise o<span class=\"_ _6\"/>f bond holder\u2019s early redemption<span class=\"_ _6\"/> put option<span class=\"_ _6\"/>s. The set<span class=\"_ _1\"/>tle<span class=\"_ _1\"/>ment gain was EU<span class=\"_ _1\"/>R 1 million.The ref<span class=\"_ _1\"/>inancing qualifi<span class=\"_ _1\"/>es as an ext<span class=\"_ _1\"/>inguishment of debt. T<span class=\"_ _1\"/>he unit of account per<span class=\"_ _1\"/>taine<span class=\"_ _1\"/>d to the ex<span class=\"_ _1\"/>isting term loan<span class=\"_ _1\"/>, ancillar<span class=\"_ _1\"/>y fa<span class=\"_ _1\"/>cility, RCF an<span class=\"_ _1\"/>d the conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds. T<span class=\"_ _1\"/>he existing RC<span class=\"_ _1\"/>F<span class=\"_ _7\"/>, term lo<span class=\"_ _1\"/>an, and ancillar<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y were th<span class=\"_ _1\"/>erefore f<span class=\"_ _1\"/>ully dereco<span class=\"_ _1\"/>gnised. Th<span class=\"_ _1\"/>e existing conver<span class=\"_ _1\"/>tible bon<span class=\"_ _1\"/>ds were par<span class=\"_ _1\"/>tially rep<span class=\"_ _1\"/>aid. The unam<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tised tr<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ion costs (<span class=\"_ _1\"/>EUR 4<span class=\"_ _1\"/>.1 million) were recognise<span class=\"_ _1\"/>d in profit and l<span class=\"_ _1\"/>oss (in finance exp<span class=\"_ _1\"/>enses<span class=\"_ _7\"/>). T<span class=\"_ _1\"/>he repay<span class=\"_ _1\"/>ment considerati<span class=\"_ _1\"/>on with respe<span class=\"_ _1\"/>ct to the conve<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ible bonds w<span class=\"_ _1\"/>as allocated to t<span class=\"_ _1\"/>he debt and e<span class=\"_ _1\"/>quity comp<span class=\"_ _1\"/>onent upo<span class=\"_ _1\"/>n repurcha<span class=\"_ _7\"/>se<span class=\"_ _1\"/>/redemp<span class=\"_ _6\"/>tion. The new senior RCF and<span class=\"_ _6\"/> senior term loa<span class=\"_ _6\"/>n were recogni<span class=\"_ _7\"/>sed initially at fa<span class=\"_ _1\"/>ir value, i.<span class=\"_ _1\"/>e., th<span class=\"_ _1\"/>e consideratio<span class=\"_ _1\"/>n received<span class=\"_ _1\"/>. Subsequent accounting is at amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost in acc<span class=\"_ _7\"/>o<span class=\"_ _1\"/>rdance with the ef<span class=\"_ _1\"/>fe<span class=\"_ _1\"/>ctive inter<span class=\"_ _1\"/>est rate meth<span class=\"_ _1\"/>od. Th<span class=\"_ _1\"/>e repayme<span class=\"_ _1\"/>nt con<span class=\"_ _6\"/>sideration of<span class=\"_ _6\"/> the existin<span class=\"_ _6\"/>g RCF<span class=\"_ _7\"/>, term loan, ancill<span class=\"_ _6\"/>ar<span class=\"_ _1\"/>y facil<span class=\"_ _6\"/>ity and convertible bonds were presente<span class=\"_ _1\"/>d in the statem<span class=\"_ _1\"/>ent of cash flows un<span class=\"_ _1\"/>der financ<span class=\"_ _1\"/>ing acti<span class=\"_ _1\"/>vities<span class=\"_ _1\"/>. T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ion costs paid were pr<span class=\"_ _1\"/>esented in the st<span class=\"_ _1\"/>atement of cash fl<span class=\"_ _1\"/>ows under f<span class=\"_ _1\"/>inancing ac<span class=\"_ _1\"/>tiviti<span class=\"_ _1\"/>es. Refe<span class=\"_ _1\"/>rence is fur<span class=\"_ _1\"/>the<span class=\"_ _1\"/>r made to note finan<span class=\"_ _1\"/>cial liabilities for mo<span class=\"_ _1\"/>re details.The n<span class=\"_ _1\"/>et procee<span class=\"_ _1\"/>ds of the equit<span class=\"_ _1\"/>y raise of E<span class=\"_ _1\"/>UR 11<span class=\"_ _1\"/>4.<span class=\"_ _1\"/>4 million were re<span class=\"_ _1\"/>cognised in equit<span class=\"_ _1\"/>y in th<span class=\"_ _1\"/>e statem<span class=\"_ _1\"/>ent of financial posit<span class=\"_ _1\"/>ion (net of transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) and p<span class=\"_ _1\"/>resented in the s<span class=\"_ _1\"/>tatement of cash flo<span class=\"_ _1\"/>ws under f<span class=\"_ _1\"/>inancing ac<span class=\"_ _1\"/>tiviti<span class=\"_ _1\"/>es. Refer<span class=\"_ _1\"/>ence is made to note total e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y for fur<span class=\"_ _1\"/>the<span class=\"_ _1\"/>r det<span class=\"_ _1\"/>ails<span class=\"_ _1\"/>.6<span class=\"_ _1\"/>. <span class=\"_ _17e\"> </span><span class=\"ff5 fs6 ls1ef ws1f9\">CLIMA<span class=\"_ _7\"/>TE<span class=\"_ _16\"> </span><span class=\"ls37 ws1fa\">RELA<span class=\"_ _7\"/>TED<span class=\"_ _7\"/> MA<span class=\"_ _7\"/>TTERS</span></span>The impa<span class=\"_ _1\"/>ct of climate-relate<span class=\"_ _1\"/>d matter<span class=\"_ _1\"/>s gener<span class=\"_ _1\"/>ates oppo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tunities as well as risks f<span class=\"_ _1\"/>or Fugro. Climate-related o<span class=\"_ _1\"/>ppor<span class=\"_ _1\"/>tuniti<span class=\"_ _1\"/>es, risks an<span class=\"_ _1\"/>d uncer<span class=\"_ _1\"/>tainties and th<span class=\"_ _1\"/>e business impact w<span class=\"_ _1\"/>ere disclosed in th<span class=\"_ _1\"/>e first half of t<span class=\"_ _1\"/>he annual repo<span class=\"_ _1\"/>rt (sec<span class=\"_ _1\"/>tions CE<span class=\"_ _1\"/>O message<span class=\"_ _1\"/>, strate<span class=\"_ _1\"/>gy, risk m<span class=\"_ _6\"/>anagement<span class=\"_ _6\"/> and grou<span class=\"_ _6\"/>p perfor<span class=\"_ _1\"/>manc<span class=\"_ _7\"/>e - environmental).Fugro conclu<span class=\"_ _1\"/>ded the<span class=\"_ _1\"/>re was no direc<span class=\"_ _1\"/>t material f<span class=\"_ _1\"/>inancial impac<span class=\"_ _1\"/>t from climate-relate<span class=\"_ _1\"/>d matte<span class=\"_ _1\"/>rs in the 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 consolidated f<span class=\"_ _1\"/>inancial statem<span class=\"_ _1\"/>ents<span class=\"_ _1\"/>. The assessments p<span class=\"_ _1\"/>er<span class=\"_ _1\"/>forme<span class=\"_ _1\"/>d, judgem<span class=\"_ _1\"/>ents made<span class=\"_ _1\"/>, and time ho<span class=\"_ _1\"/>rizon used to reach t<span class=\"_ _1\"/>his c<span class=\"_ _6\"/>onclusion are discl<span class=\"_ _1\"/>osed in notes 15<span class=\"fc2 ls1b ws24\"> impairment<span class=\"_ _1\"/>s, </span><span class=\"ls13 ws1fb\">19<span class=\"fc2 ls2 ws2\"> prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y plant and equipme<span class=\"_ _1\"/>nt, </span><span class=\"ls164 ws157\">20<span class=\"fc2 ls17b ws1f8\"> leas<span class=\"_ _1\"/>es, </span><span class=\"ls1f4 ws1fc\">21<span class=\"fc2 ls1b ws24\"> intan<span class=\"_ _1\"/>gible asset<span class=\"_ _1\"/>s, </span></span></span></span>30<span class=\"_ _7\"/><span class=\"fc2 ls2 ws2\"> f<span class=\"_ _1\"/>inancial liabilities<span class=\"_ _1\"/>, and <span class=\"fc14\">3<span class=\"_ _1\"/>6</span> commitment<span class=\"_ _1\"/>s not include<span class=\"_ _1\"/>d in the statem<span class=\"_ _1\"/>ent of financial </span>position.15<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls1ef ws47\">IMP<span class=\"_ _6\"/>AIRMENTS OF<span class=\"_ _7\"/> NON<span class=\"_\"> </span><span class=\"lsf7 ws3d\">FINANCIAL ASSETS</span></span>Intangibl<span class=\"_ _1\"/>e assets that have an indef<span class=\"_ _1\"/>inite useful life or intangibl<span class=\"_ _1\"/>e assets not read<span class=\"_ _1\"/>y for use are not subjec<span class=\"_ _1\"/>t to amor<span class=\"_ _1\"/>tisati<span class=\"_ _1\"/>on and are tested a<span class=\"_ _1\"/>nnually for impairme<span class=\"_ _1\"/>nt. Ot<span class=\"_ _1\"/>her non-financial asset<span class=\"_ _1\"/>s that are subjec<span class=\"_ _1\"/>t to depre<span class=\"_ _1\"/>ciation and amo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tisation are rev<span class=\"_ _1\"/>iewed f<span class=\"_ _1\"/>or impairme<span class=\"_ _1\"/>nt whenever eve<span class=\"_ _1\"/>nts or chang<span class=\"_ _1\"/>es in circumstances indicate that th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>ying amount may not b<span class=\"_ _1\"/>e recoverab<span class=\"_ _1\"/>le. The c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unts of the Gr<span class=\"_ _1\"/>oup\u2019s non-<span class=\"_ _6\"/>financial asset<span class=\"_ _1\"/>s other t<span class=\"_ _1\"/>han assets arising from employe<span class=\"_ _1\"/>e benef<span class=\"_ _1\"/>its an<span class=\"_ _1\"/>d deferre<span class=\"_ _1\"/>d tax asset<span class=\"_ _1\"/>s, are re<span class=\"_ _1\"/>viewe<span class=\"_ _1\"/>d at each repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ting date to determ<span class=\"_ _1\"/>ine whethe<span class=\"_ _1\"/>r there is any indicat<span class=\"_ _1\"/>ion of impairment<span class=\"_ _1\"/>. If any such indicati<span class=\"_ _1\"/>on exists<span class=\"_ _1\"/>, then t<span class=\"_ _1\"/>he asset<span class=\"_ _1\"/>\u2019s recoverable am<span class=\"_ _1\"/>ount is estimated. The re<span class=\"_ _1\"/>coverable a<span class=\"_ _1\"/>mount of an asset or cash-gener<span class=\"_ _1\"/>ating unit (C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>) is the higher of it<span class=\"_ _1\"/>s value in use and it<span class=\"_ _1\"/>s fair v<span class=\"_ _1\"/>alue less costs of disposal. I<span class=\"_ _1\"/>n assessi<span class=\"_ _6\"/>ng valu<span class=\"_ _1\"/>e in use, the estimated f<span class=\"_ _1\"/>uture cash fl<span class=\"_ _1\"/>ows are discounted to the<span class=\"_ _1\"/>ir present value using a pre<span class=\"_ _1\"/>-tax discount rate that ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ts curr<span class=\"_ _1\"/>ent market assessments of th<span class=\"_ _1\"/>e time value of mo<span class=\"_ _1\"/>ney and the r<span class=\"_ _1\"/>isks specif<span class=\"_ _1\"/>ic to the asset or cash-ge<span class=\"_ _1\"/>nerat<span class=\"_ _1\"/>ing unit. F<span class=\"_ _1\"/>or the purp<span class=\"_ _1\"/>ose of impairment testing<span class=\"_ _1\"/>, assets that cannot b<span class=\"_ _1\"/>e tested indiv<span class=\"_ _1\"/>idually are group<span class=\"_ _1\"/>ed tog<span class=\"_ _1\"/>ether into the smallest group of assets t<span class=\"_ _1\"/>hat gener<span class=\"_ _1\"/>ates cash inflows f<span class=\"_ _1\"/>rom continuing use that are largel<span class=\"_ _1\"/>y independent o<span class=\"_ _6\"/>f the cas<span class=\"_ _6\"/>h in<span class=\"_ _6\"/>flows of other a<span class=\"_ _6\"/>ssets or cas<span class=\"_ _7\"/>h-gener<span class=\"_ _1\"/>atin<span class=\"_ _6\"/>g unit. The G<span class=\"_ _1\"/>roup\u2019s corpor<span class=\"_ _1\"/>ate assets do not g<span class=\"_ _1\"/>enerate se<span class=\"_ _1\"/>parate cash infl<span class=\"_ _1\"/>ows and are utilised b<span class=\"_ _1\"/>y more than o<span class=\"_ _1\"/>ne cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>. Corpo<span class=\"_ _1\"/>rate assets are all<span class=\"_ _1\"/>ocated to c<span class=\"_ _1\"/>ash<span class=\"_ _6\"/>-gen<span class=\"_ _1\"/>erating units on a r<span class=\"_ _1\"/>easonable and consistent basis and tested fo<span class=\"_ _1\"/>r impairment as par<span class=\"_ _1\"/>t of the testing of th<span class=\"_ _1\"/>e cash gener<span class=\"_ _1\"/>ating units to whic<span class=\"_ _1\"/>h the corpo<span class=\"_ _1\"/>rate asset is allocate<span class=\"_ _1\"/>d.Impairm<span class=\"_ _1\"/>ent losses recognise<span class=\"_ _1\"/>d in prior p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>ds are review<span class=\"_ _1\"/>ed at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date for any indicatio<span class=\"_ _1\"/>ns that the loss has decr<span class=\"_ _1\"/>eased or no lo<span class=\"_ _1\"/>nger exist<span class=\"_ _1\"/>s. A<span class=\"_ _1\"/>n impairment loss is rever<span class=\"_ _1\"/>sed if ther<span class=\"_ _1\"/>e has been a chang<span class=\"_ _1\"/>e in the estimates used to d<span class=\"_ _1\"/>etermine th<span class=\"_ _1\"/>e recover<span class=\"_ _1\"/>able amount<span class=\"_ _1\"/>. An impairme<span class=\"_ _1\"/>nt loss is reverse<span class=\"_ _1\"/>d only to the ex<span class=\"_ _1\"/>tent that th<span class=\"_ _1\"/>e asset<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount do<span class=\"_ _1\"/>es not exceed t<span class=\"_ _1\"/>he carr<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g amount that would have b<span class=\"_ _1\"/>een deter<span class=\"_ _1\"/>mined, n<span class=\"_ _1\"/>et of depreciation or a<span class=\"_ _6\"/>mor<span class=\"_ _1\"/>tisa<span class=\"_ _7\"/>t<span class=\"_ _1\"/>ion, if<span class=\"_ _6\"/> no impai<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ment lo<span class=\"_ _6\"/>ss h<span class=\"_ _6\"/>ad been recognised.Impairm<span class=\"_ _1\"/>ent charges and reve<span class=\"_ _1\"/>rsal pe<span class=\"_ _1\"/>r asset categor<span class=\"_ _1\"/>y ar<span class=\"_ _1\"/>e stated as follo<span class=\"_ _1\"/>ws:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _45\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _11f\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>Impairment <span class=\"_ _122\"> </span><span class=\"ls201 ws20d\">R<span class=\"_ _1\"/>evers<span class=\"_ _1\"/>al<span class=\"_ _21\"> </span><span class=\"lsb3 wsbe\">Net<span class=\"_ _5a\"> </span></span></span>Impairment <span class=\"_ _12e\"> </span><span class=\"ls201 ws20d\">Reve<span class=\"_ _1\"/>rsal<span class=\"_ _21\"> </span><span class=\"lsb3 wsbe\">Net</span></span>Prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equi<span class=\"_ _1\"/>pment<span class=\"_ _1b5\"> </span>1,533<span class=\"_ _84\"> </span>(1<span class=\"_ _1\"/>67)<span class=\"_ _9f\"> </span>1,36<span class=\"_ _1\"/>6<span class=\"_ _7c\"> </span><span class=\"ff8 fc14\">2,7<span class=\"_ _1\"/>79<span class=\"_ _e3\"> </span>(4,753)<span class=\"_ _120\"> </span>(1,974)</span>Right of use asse<span class=\"_ _1\"/>ts-(35)<span class=\"_ _84\"> </span>(3<span class=\"_ _1\"/>5)<span class=\"_ _8e\"> </span><span class=\"ff8 fc14\">931</span>-931Ot<span class=\"_ _1\"/>her intan<span class=\"_ _1\"/>gible asset<span class=\"_ _1\"/>s<span class=\"_ _9f\"> </span><span class=\"ls2 ws2\">1,252</span>-1,252<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">1,6<span class=\"_ _1\"/>62</span>-1,662Ne<span class=\"_ _1\"/>t impa<span class=\"_ _1\"/>irme<span class=\"_ _1\"/>nt loss / (re<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>rs<span class=\"_ _1\"/>al<span class=\"_ _1\"/>)<span class=\"_ _1d9\"> </span>2,785<span class=\"_ _c0\"> </span>(202)<span class=\"_ _e5\"> </span>2,583<span class=\"_ _70\"> </span><span class=\"fc14\">5,372<span class=\"_ _111\"> </span>(4,753)<span class=\"_ _65\"> </span><span class=\"ls1ed ws1f2\">61<span class=\"_ _1\"/>9</span></span>The impair<span class=\"_ _1\"/>ment charge on P<span class=\"_ _1\"/>roper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipme<span class=\"_ _1\"/>nt includes an amount of EU<span class=\"_ _1\"/>R 1.<span class=\"_ _1\"/>3 million for a vesse<span class=\"_ _1\"/>l whose recover<span class=\"_ _1\"/>able amount was b<span class=\"_ _1\"/>elow th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>ying v<span class=\"_ _1\"/>alue and which w<span class=\"_ _1\"/>as sold in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. Furt<span class=\"_ _1\"/>hermo<span class=\"_ _1\"/>re, re<span class=\"_ _1\"/>cognised as impairment charg<span class=\"_ _1\"/>e on Ot<span class=\"_ _1\"/>her intangible asset<span class=\"_ _1\"/>s is EUR 1<span class=\"_ _1\"/>.3 million on<span class=\"_ _6\"/> Explor<span class=\"_ _1\"/>ation a<span class=\"_ _6\"/>nd Evaluation<span class=\"_ _6\"/> (E&amp;<span class=\"_ _1\"/>E) assets followi<span class=\"_ _6\"/>ng an u<span class=\"_ _6\"/>ns<span class=\"_ _6\"/>ucc<span class=\"_ _6\"/>essfu<span class=\"_ _6\"/>l drilling f<span class=\"_ _1\"/>or hydro<span class=\"_ _1\"/>carb<span class=\"_ _1\"/>ons.18<span class=\"_ _1\"/>. <span class=\"_ _ce\"> </span><span class=\"ff5 fs6 ls204 ws2c\">I<span class=\"_ _1\"/>N<span class=\"_ _1\"/>CO<span class=\"_ _1\"/>M<span class=\"_ _1\"/>E<span class=\"_ _1\"/> TA<span class=\"_ _1\"/>X</span>A defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x asset is recognised fo<span class=\"_ _1\"/>r unused tax l<span class=\"_ _1\"/>osses, ta<span class=\"_ _1\"/>x credit<span class=\"_ _1\"/>s and deduc<span class=\"_ _1\"/>tible tempo<span class=\"_ _1\"/>rar<span class=\"_ _1\"/>y dif<span class=\"_ _1\"/>ferences<span class=\"_ _1\"/>, to the ex<span class=\"_ _1\"/>tent that it is probab<span class=\"_ _1\"/>le that future t<span class=\"_ _1\"/>axable p<span class=\"_ _1\"/>rofit<span class=\"_ _1\"/>s will be available ag<span class=\"_ _1\"/>ainst which the asset can b<span class=\"_ _1\"/>e utilised. D<span class=\"_ _1\"/>eferre<span class=\"_ _1\"/>d tax asset<span class=\"_ _1\"/>s are revie<span class=\"_ _1\"/>wed at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date and are re<span class=\"_ _1\"/>duced to the e<span class=\"_ _1\"/>xte<span class=\"_ _1\"/>nt that it is no longer pr<span class=\"_ _1\"/>obable that th<span class=\"_ _1\"/>e related t<span class=\"_ _1\"/>ax be<span class=\"_ _1\"/>nefit will b<span class=\"_ _1\"/>e realised; such redu<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>ns are reverse<span class=\"_ _1\"/>d when th<span class=\"_ _1\"/>e probabilit<span class=\"_ _1\"/>y of future t<span class=\"_ _1\"/>axable prof<span class=\"_ _1\"/>its improvesIn deter<span class=\"_ _1\"/>mining the amount of curr<span class=\"_ _1\"/>ent and defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x the Gro<span class=\"_ _1\"/>up takes into account the impac<span class=\"_ _1\"/>t of uncer<span class=\"_ _1\"/>tain tax p<span class=\"_ _1\"/>ositions and whe<span class=\"_ _1\"/>ther additi<span class=\"_ _1\"/>onal taxes an<span class=\"_ _1\"/>d interest may be due<span class=\"_ _1\"/>. The G<span class=\"_ _1\"/>roup belie<span class=\"_ _1\"/>ves that its accr<span class=\"_ _1\"/>uals for tax liabiliti<span class=\"_ _1\"/>es are adequate f<span class=\"_ _1\"/>or all open t<span class=\"_ _1\"/>ax years based on it<span class=\"_ _1\"/>s assessment of many fac<span class=\"_ _1\"/>tors<span class=\"_ _1\"/>, including interpr<span class=\"_ _1\"/>etations of ta<span class=\"_ _1\"/>x law and pri<span class=\"_ _1\"/>or exp<span class=\"_ _1\"/>erience<span class=\"_ _1\"/>. This assessment relies on estimates an<span class=\"_ _1\"/>d ass<span class=\"_ _6\"/>umptions and may involve a seri<span class=\"_ _1\"/>es of judgement<span class=\"_ _1\"/>s about f<span class=\"_ _1\"/>uture events<span class=\"_ _1\"/>. New infor<span class=\"_ _1\"/>mation may b<span class=\"_ _1\"/>ecome available t<span class=\"_ _1\"/>hat causes the G<span class=\"_ _1\"/>roup to change it<span class=\"_ _1\"/>s judgem<span class=\"_ _1\"/>ent regarding th<span class=\"_ _1\"/>e adequac<span class=\"_ _1\"/>y of exist<span class=\"_ _1\"/>ing tax liabilities; such chang<span class=\"_ _1\"/>es to tax liabiliti<span class=\"_ _1\"/>es will impact t<span class=\"_ _1\"/>ax exp<span class=\"_ _1\"/>ense in the pe<span class=\"_ _1\"/>riod t<span class=\"_ _1\"/>hat such a determina<span class=\"_ _7\"/>t<span class=\"_ _1\"/>ion i<span class=\"_ _6\"/>s made.18<span class=\"_ _1\"/>.<span class=\"_ _1\"/>3 <span class=\"_ _c\"> </span><span class=\"ff2 fs3 lsfa ws106\">Defe<span class=\"_ _1\"/>rred tax asset<span class=\"_ _1\"/>s and liabilities</span>The re<span class=\"_ _1\"/>cognised def<span class=\"_ _1\"/>erred t<span class=\"_ _1\"/>ax assets ar<span class=\"_ _1\"/>e depen<span class=\"_ _1\"/>dent on future t<span class=\"_ _1\"/>axabl<span class=\"_ _1\"/>e profit<span class=\"_ _1\"/>s in excess of profit<span class=\"_ _1\"/>s arising fro<span class=\"_ _1\"/>m the rever<span class=\"_ _1\"/>sal of existing ta<span class=\"_ _1\"/>xable temp<span class=\"_ _1\"/>orar<span class=\"_ _1\"/>y dif<span class=\"_ _1\"/>fere<span class=\"_ _1\"/>nces. The r<span class=\"_ _1\"/>ecognised amount<span class=\"_ _1\"/>s relate to tax gro<span class=\"_ _1\"/>ups that are profit<span class=\"_ _1\"/>able or are ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted to b<span class=\"_ _1\"/>e profitab<span class=\"_ _1\"/>le in the foreseeable future.<span class=\"_ _6\"/> Management\u2019s projections s<span class=\"_ _6\"/>uppor<span class=\"_ _1\"/>t the a<span class=\"_ _6\"/>ss<span class=\"_ _6\"/>umption th<span class=\"_ _6\"/>at it<span class=\"_ _6\"/> is proba<span class=\"_ _6\"/>ble that the result<span class=\"_ _1\"/>s of future op<span class=\"_ _1\"/>eratio<span class=\"_ _1\"/>ns will gener<span class=\"_ _1\"/>ate enough t<span class=\"_ _1\"/>axable incom<span class=\"_ _1\"/>e to utilise these defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x assets. Co<span class=\"_ _1\"/>nsi<span class=\"_ _6\"/>stent with ot<span class=\"_ _1\"/>her areas such as annual goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt testing<span class=\"_ _1\"/>, climate-related mat<span class=\"_ _1\"/>ters we<span class=\"_ _1\"/>re considered in th<span class=\"_ _1\"/>ese projec<span class=\"_ _1\"/>tions<span class=\"_ _1\"/>. These inclu<span class=\"_ _1\"/>de risks as well as oppo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tunities, in<span class=\"_ _1\"/>cluding the anticipate<span class=\"_ _1\"/>d grow<span class=\"_ _1\"/>th in ac<span class=\"_ _1\"/>tiviti<span class=\"_ _1\"/>es inthe re<span class=\"_ _1\"/>newables mar<span class=\"_ _1\"/>ket segme<span class=\"_ _1\"/>nt. 19.<span class=\"_ _1\"/> <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls1c0 ws1cd\">PROPERTY,<span class=\"_ _7\"/> PL<span class=\"_ _1\"/>ANT AND EQUIPM<span class=\"_ _1\"/>ENT</span>L<span class=\"_ _1\"/>ast year<span class=\"_ _6\"/>, Fugro announ<span class=\"_ _1\"/>ced its net ze<span class=\"_ _1\"/>ro carbo<span class=\"_ _1\"/>n emissions commitment by 20<span class=\"_ _1\"/>3<span class=\"_ _1\"/>5 (<span class=\"fc14\">note 36</span>). The mar<span class=\"_ _1\"/>itime sec<span class=\"_ _1\"/>tor will fa<span class=\"_ _1\"/>ce more challenging custo<span class=\"_ _1\"/>mer nee<span class=\"_ _1\"/>ds and tighter re<span class=\"_ _1\"/>gulations with resp<span class=\"_ _1\"/>ect to v<span class=\"_ _1\"/>essel emissions and maritim<span class=\"_ _1\"/>e fuels in the fo<span class=\"_ _1\"/>reseeabl<span class=\"_ _1\"/>e future. I<span class=\"_ _1\"/>t follows that the asset cate<span class=\"_ _1\"/>gor<span class=\"_ _1\"/>y vessels is most ex<span class=\"_ _1\"/>posed to t<span class=\"_ _1\"/>he inherent risk of impairm<span class=\"_ _1\"/>ent from climate-related mat<span class=\"_ _1\"/>ter<span class=\"_ _1\"/>s than the othe<span class=\"_ _1\"/>r categor<span class=\"_ _1\"/>ies. T<span class=\"_ _1\"/>he Group assesse<span class=\"_ _1\"/>d whether t<span class=\"_ _1\"/>hese develo<span class=\"_ _1\"/>pments sho<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ten the curre<span class=\"_ _1\"/>nt estimates of vessel useful lives and tr<span class=\"_ _1\"/>igger s<span class=\"_ _1\"/>o-calle<span class=\"_ _1\"/>d str<span class=\"_ _1\"/>anded asset<span class=\"_ _1\"/>s. No impa<span class=\"_ _1\"/>ct on usef<span class=\"_ _1\"/>ul lives or trig<span class=\"_ _1\"/>gering eve<span class=\"_ _1\"/>nts for impair<span class=\"_ _1\"/>ment were identif<span class=\"_ _1\"/>ied. I<span class=\"_ _1\"/>t is fur<span class=\"_ _1\"/>therm<span class=\"_ _1\"/>ore noted t<span class=\"_ _1\"/>hat Fugro\u2019s vessels are used glob<span class=\"_ _1\"/>ally across all sec<span class=\"_ _1\"/>tors<span class=\"_ _1\"/>, and that time<span class=\"_ _1\"/>ly capital e<span class=\"_ _1\"/>xpendit<span class=\"_ _1\"/>ures will be made w<span class=\"_ _1\"/>ithin the nex<span class=\"_ _1\"/>t de<span class=\"_ _1\"/>cade.21<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls11c ws3e\">INT<span class=\"_ _7\"/>ANGIBLE<span class=\"_ _7\"/> ASSETS<span class=\"_ _6\"/> INCL<span class=\"_ _6\"/>UDING<span class=\"_ _7\"/> GOOD<span class=\"_ _6\"/>WILL</span>Impairme<span class=\"_ _1\"/>nt testing for cash-generating unit<span class=\"_ _1\"/>s containing goodwillThe re<span class=\"_ _1\"/>coverable a<span class=\"_ _1\"/>mounts of the c<span class=\"_ _1\"/>ash-gener<span class=\"_ _1\"/>ating units have b<span class=\"_ _1\"/>een deter<span class=\"_ _1\"/>mined base<span class=\"_ _1\"/>d on value in use cal<span class=\"_ _1\"/>culations. Value in use was dete<span class=\"_ _1\"/>rmined by discounting th<span class=\"_ _1\"/>e expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d future cash flo<span class=\"_ _1\"/>ws from th<span class=\"_ _1\"/>e continuing use of the CGU\u2019s. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Cash f<span class=\"_ _1\"/>lows in the f<span class=\"_ _1\"/>irst year of th<span class=\"_ _1\"/>e forec<span class=\"_ _1\"/>ast are based on manag<span class=\"_ _1\"/>ement<span class=\"_ _1\"/>\u2019s approved financial b<span class=\"_ _1\"/>udget<span class=\"_ _1\"/>. For all CGU<span class=\"_ _1\"/>\u2019s, the 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>3 proje<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ons fac<span class=\"_ _1\"/>tor in, amon<span class=\"_ _1\"/>gst other<span class=\"_ _1\"/>s, already signed contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>ts, e<span class=\"_ _1\"/>xpec<span class=\"_ _1\"/>ted win r<span class=\"_ _1\"/>ates on contra<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s out for bid<span class=\"_ _1\"/>, expe<span class=\"_ _1\"/>cted c<span class=\"_ _1\"/>rew and vessel utili<span class=\"_ _7\"/>sation rates and/<span class=\"_ _6\"/>or indu<span class=\"_ _6\"/>str<span class=\"_ _1\"/>y developmen<span class=\"_ _6\"/>ts. Cash flows for the C<span class=\"_ _7\"/>G<span class=\"_ _1\"/>U\u2019s beyond one year are ex<span class=\"_ _1\"/>tr<span class=\"_ _1\"/>apolated using an est<span class=\"_ _1\"/>imated grow<span class=\"_ _1\"/>th rate b<span class=\"_ _1\"/>ased on exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted market develo<span class=\"_ _1\"/>pments<span class=\"_ _1\"/>, taking into account str<span class=\"_ _1\"/>ategic plans of the comp<span class=\"_ _1\"/>any and current market condi<span class=\"_ _6\"/>tions. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Cash f<span class=\"_ _1\"/>lows for t<span class=\"_ _1\"/>he C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>\u2019s beyond f<span class=\"_ _1\"/>ive years ar<span class=\"_ _1\"/>e ext<span class=\"_ _1\"/>rapo<span class=\"_ _1\"/>lated using an estimated long-term gr<span class=\"_ _1\"/>owt<span class=\"_ _1\"/>h rate of 2<span class=\"_ _1\"/>.1% (20<span class=\"_ _1\"/>21: 0<span class=\"_ _1\"/>.<span class=\"_ _1\"/>0%). For t<span class=\"_ _1\"/>he C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>\u2019s the grow<span class=\"_ _1\"/>th r<span class=\"_ _1\"/>ates are based on an analysis of the l<span class=\"_ _1\"/>ong-term market pr<span class=\"_ _1\"/>ice trends in rele<span class=\"_ _1\"/>vant industries a<span class=\"_ _1\"/>djusted for actual experience. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Any est<span class=\"_ _1\"/>imated future cash inf<span class=\"_ _1\"/>lows / out<span class=\"_ _1\"/>flo<span class=\"_ _1\"/>ws expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d to arise from f<span class=\"_ _1\"/>uture restr<span class=\"_ _1\"/>uctur<span class=\"_ _1\"/>ing, if any, are exclude<span class=\"_ _1\"/>d from the c<span class=\"_ _1\"/>alculations, unle<span class=\"_ _1\"/>ss already commit<span class=\"_ _1\"/>ted to. This also applies to a larg<span class=\"_ _1\"/>e exte<span class=\"_ _1\"/>nt to transformat<span class=\"_ _1\"/>ion capit<span class=\"_ _1\"/>al expen<span class=\"_ _1\"/>ditures and the resulting impac<span class=\"_ _1\"/>t on cash inflow<span class=\"_ _1\"/>s.  <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>The pr<span class=\"_ _1\"/>e-tax discount rate used to discount the p<span class=\"_ _1\"/>re-tax cash f<span class=\"_ _1\"/>lows for imp<span class=\"_ _1\"/>airment testing pur<span class=\"_ _1\"/>poses is determin<span class=\"_ _1\"/>ed throu<span class=\"_ _1\"/>gh an iterative c<span class=\"_ _1\"/>alculation using the pr<span class=\"_ _1\"/>ojec<span class=\"_ _1\"/>ted post-tax cash fl<span class=\"_ _1\"/>ows, ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted t<span class=\"_ _1\"/>ax rate for t<span class=\"_ _1\"/>he respe<span class=\"_ _1\"/>ctive c<span class=\"_ _1\"/>ash gener<span class=\"_ _1\"/>ating units and a post-tax discount rate for th<span class=\"_ _1\"/>e Group.The key assumptions use<span class=\"_ _1\"/>d in the annual goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt test at the 3<span class=\"_ _1\"/>0 Septemb<span class=\"_ _1\"/>er measurement date we<span class=\"_ _1\"/>re as follows:Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th ra<span class=\"_ _1\"/>te  Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th ra<span class=\"_ _1\"/>te  Pre-tax <span class=\"ls2 ws2\"> </span>Long-term <span class=\"ls2 ws2\"> </span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)first yearlong-term discount<span class=\"_ _6\"/> rate E<span class=\"_ _1\"/>BI<span class=\"_ _1\"/>T marg<span class=\"_ _1\"/>in %2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span>Europe-Afr<span class=\"_ _1\"/>ica<span class=\"_ _17a\"> </span><span class=\"ff8 ls2 ws2\">13.1<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span><span class=\"ff4 fc14\">9.3<span class=\"_ _0\"/>%<span class=\"_ _e5\"> </span></span><span class=\"ls1df ws1e5\">2<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"ff4 fc14\">0.0<span class=\"_ _0\"/>%<span class=\"_ _145\"> </span></span>11.7<span class=\"_ _0\"/>%<span class=\"_ _13\"> </span><span class=\"ff4 fc14\">9.9<span class=\"_ _0\"/>%<span class=\"_ _e4\"> </span></span>10.1<span class=\"_ _1\"/>%<span class=\"_ _e4\"> </span><span class=\"ff4 fc14\">10.1<span class=\"_ _1\"/>%</span></span>Americas<span class=\"_ _7c\"> </span><span class=\"ff8 ls2 ws2\">10.3<span class=\"_ _0\"/>%<span class=\"_ _111\"> </span></span>5<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _a0\"> </span><span class=\"ff8 fc2\">2.1<span class=\"_ _4\"/>%<span class=\"_ _13\"> </span></span>0.0<span class=\"_ _1\"/>%<span class=\"_ _e4\"> </span><span class=\"ff8 fc2\">11.9<span class=\"_ _0\"/>%<span class=\"_ _13\"> </span></span>9.8<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span><span class=\"ff8 fc2\">9.9<span class=\"_ _0\"/>%<span class=\"_ _120\"> </span></span><span class=\"ls1fd ws20a\">7.<span class=\"_ _0\"/>3<span class=\"_ _4\"> </span>%</span>A<span class=\"_ _1\"/>sia Pac<span class=\"_ _1\"/>ific<span class=\"_ _c0\"> </span><span class=\"ff8 ls1fd ws20a\">2<span class=\"_ _0\"/>7.<span class=\"_ _0\"/>7<span class=\"_ _4\"> </span>%<span class=\"_ _17f\"> </span></span><span class=\"fc14 ls2 ws2\">(1.9<span class=\"_ _1\"/>%)<span class=\"_ _111\"> </span></span><span class=\"ff8 ls1df ws1e5\">2<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"fc14 ls2 ws2\">0.0<span class=\"_ _1\"/>%<span class=\"_ _145\"> </span><span class=\"ff8 fc2\">11.6<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span></span>9.5<span class=\"_ _0\"/>%<span class=\"_ _e5\"> </span></span><span class=\"ff8 ls1df ws1e5\">8.1<span class=\"_ _0\"/>%<span class=\"_ _36\"> </span></span><span class=\"fc14 ls2 ws2\">6.0<span class=\"_ _1\"/>%</span>Middl<span class=\"_ _1\"/>e East &amp; India<span class=\"_ _12a\"> </span>15.1<span class=\"_ _1\"/>%<span class=\"_ _35\"> </span><span class=\"ff4 fc14\">28.6<span class=\"_ _1\"/>%<span class=\"_ _111\"> </span></span><span class=\"ls1df ws1e5\">2.1<span class=\"_ _4\"> </span>%<span class=\"_ _13\"> </span></span><span class=\"ff4 fc14\">0.0<span class=\"_ _1\"/>%<span class=\"_ _9\"> </span></span>12.9<span class=\"_ _1\"/>%<span class=\"_ _15\"> </span><span class=\"ff4 fc14\">10.9<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"ls1e1 ws1e7\">9.4<span class=\"_ _0\"/>%<span class=\"_ _111\"> </span></span><span class=\"fc14 ls1df ws1e5\">9<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%</span>Climate-related mat<span class=\"_ _1\"/>ter<span class=\"_ _1\"/>s were ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ted in thes<span class=\"_ _1\"/>e ass<span class=\"_ _6\"/>umptions as follo<span class=\"_ _1\"/>ws: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Assumpti<span class=\"_ _1\"/>ons on market devel<span class=\"_ _1\"/>opment<span class=\"_ _1\"/>s for the market s<span class=\"_ _1\"/>egment<span class=\"_ _1\"/>s in which Fugro ope<span class=\"_ _1\"/>rates, inclu<span class=\"_ _1\"/>ding high grow<span class=\"_ _1\"/>th in the re<span class=\"_ _1\"/>newabl<span class=\"_ _1\"/>es market segme<span class=\"_ _1\"/>nt compared to in par<span class=\"_ _1\"/>ticular oil and g<span class=\"_ _1\"/>as. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Capit<span class=\"_ _1\"/>al expe<span class=\"_ _1\"/>nditures to dec<span class=\"_ _1\"/>arbonise t<span class=\"_ _1\"/>he vessel f<span class=\"_ _1\"/>leet by 2<span class=\"_ _1\"/>03<span class=\"_ _1\"/>5<span class=\"_ _1\"/>, howeve<span class=\"_ _1\"/>r only insofar these qualif<span class=\"_ _1\"/>y fo<span class=\"_ _1\"/>r inclusion in the valu<span class=\"_ _1\"/>e in use calculation. C<span class=\"_ _1\"/>apital ex<span class=\"_ _1\"/>penditur<span class=\"_ _1\"/>es that improve the ve<span class=\"_ _1\"/>ssel\u2019s per<span class=\"_ _1\"/>forman<span class=\"_ _1\"/>ce are excluded in v<span class=\"_ _1\"/>alue in use calculations<span class=\"_ _1\"/>. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>T<span class=\"_ _6\"/>erminal v<span class=\"_ _1\"/>alue grow<span class=\"_ _1\"/>th rates are c<span class=\"_ _1\"/>apped at t<span class=\"_ _1\"/>he risk<span class=\"_ _6\"/>-free r<span class=\"_ _1\"/>ate. No fur<span class=\"_ _1\"/>th<span class=\"_ _1\"/>er adjustment in long ter<span class=\"_ _1\"/>m grow<span class=\"_ _1\"/>th rates f<span class=\"_ _1\"/>or the ene<span class=\"_ _1\"/>rgy tra<span class=\"_ _1\"/>nsition from th<span class=\"_ _1\"/>e fossil fuel se<span class=\"_ _1\"/>ctor to th<span class=\"_ _1\"/>e renewable energy sector was deemed necessa<span class=\"_ _6\"/>r<span class=\"_ _1\"/>y and there<span class=\"_ _6\"/>fore not c<span class=\"_ _6\"/>ons<span class=\"_ _6\"/>idered to ha<span class=\"_ _6\"/>ve a material impa<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>.The inc<span class=\"_ _1\"/>rease in discount rate from 2<span class=\"_ _1\"/>021 to 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 is mainly drive<span class=\"_ _1\"/>n by a higher equit<span class=\"_ _1\"/>y mar<span class=\"_ _1\"/>ket risk premium and r<span class=\"_ _1\"/>isk<span class=\"_ _7\"/>-fre<span class=\"_ _1\"/>e rate.The g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill sensitivit<span class=\"_ _1\"/>y analysis of each CGU as at the me<span class=\"_ _1\"/>as<span class=\"_ _6\"/>urement date w<span class=\"_ _1\"/>as as follows:Cha<span class=\"_ _1\"/>nge r<span class=\"_ _1\"/>equ<span class=\"_ _1\"/>ire<span class=\"_ _1\"/>d in eac<span class=\"_ _1\"/>h key ass<span class=\"_ _1\"/>ump<span class=\"_ _1\"/>tion  (E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)fo<span class=\"_ _1\"/>r head<span class=\"_ _1\"/>roo<span class=\"_ _1\"/>m to eq<span class=\"_ _1\"/>ual ze<span class=\"_ _1\"/>roGr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th Pre-tax Long-term  ra<span class=\"_ _1\"/>te ra<span class=\"_ _1\"/>te  discount EBITHeadroo<span class=\"_ _1\"/>mfirst yearlong-termratemar<span class=\"_ _1\"/>gin %Europe-Afr<span class=\"_ _1\"/>ica<span class=\"_ _1d8\"> </span><span class=\"ls2 ws2\">49<span class=\"_ _1\"/>4,<span class=\"_ _6\"/>406<span class=\"_ _145\"> </span>(33.0<span class=\"_ _1\"/>%)<span class=\"_ _175\"> </span>(10,4<span class=\"_ _1\"/>%)<span class=\"_ _d0\"> </span><span class=\"ls1fd ws20a\">7.<span class=\"_ _0\"/>8<span class=\"_ _4\"> </span>%<span class=\"_ _a0\"> </span></span>(11.6<span class=\"_ _1\"/>%)</span>Americas<span class=\"_ _238\"> </span><span class=\"ls2 ws2\">331,272<span class=\"_ _f3\"> </span>(38.7<span class=\"_ _0\"/>%)<span class=\"_ _175\"> </span>(16.3<span class=\"_ _0\"/>%)<span class=\"_ _17c\"> </span>11.<span class=\"_ _6\"/>1<span class=\"_ _1\"/>%<span class=\"_ _e3\"> </span>(9.8<span class=\"_ _0\"/>%)</span>A<span class=\"_ _1\"/>sia Pac<span class=\"_ _1\"/>ific<span class=\"_ _a4\"> </span><span class=\"ls2 ws2\">136,939<span class=\"_ _145\"> </span>(24.6<span class=\"_ _1\"/>%)<span class=\"_ _120\"> </span>(5.7<span class=\"_ _0\"/>%)<span class=\"_ _17c\"> </span>4.7<span class=\"_ _0\"/>%<span class=\"_ _9f\"> </span>(5.8<span class=\"_ _0\"/>%)</span>Middl<span class=\"_ _1\"/>e East &amp; India<span class=\"_ _1f8\"> </span>57<span class=\"_ _3\"/>,944<span class=\"_ _120\"> </span>(17<span class=\"_ _7\"/>.8<span class=\"_ _0\"/>%)<span class=\"_ _10b\"> </span>(3.6<span class=\"_ _1\"/>%)<span class=\"_ _39\"> </span>3<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _39\"> </span><span class=\"ls1fd ws20a\">(<span class=\"_ _0\"/>7.<span class=\"_ _1\"/>4<span class=\"_ _4\"> </span>%<span class=\"_ _0\"/>)</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1\"/> <span class=\"_ _1fd\"> </span><span class=\"ls2 ws2\">1,020,5<span class=\"_ _1\"/>61</span>T<span class=\"_ _6\"/>otal hea<span class=\"_ _1\"/>droom incre<span class=\"_ _1\"/>ased significa<span class=\"_ _1\"/>ntly from EU<span class=\"_ _1\"/>R 619 million in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1 to EUR 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>21 million in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2. T<span class=\"_ _1\"/>he changes be<span class=\"_ _1\"/>yond those in th<span class=\"_ _1\"/>e above tabl<span class=\"_ _1\"/>e to ass<span class=\"_ _6\"/>umptions used in t<span class=\"_ _1\"/>he goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt test would, in isolati<span class=\"_ _1\"/>on, lead to an imp<span class=\"_ _1\"/>airment loss be<span class=\"_ _1\"/>ing recognise<span class=\"_ _1\"/>d.2<span class=\"_ _1\"/>5<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls11f ws3b\">TR<span class=\"_ _0\"/>AD<span class=\"_ _1\"/>E A<span class=\"_ _1\"/>ND O<span class=\"_ _1\"/>TH<span class=\"_ _1\"/>E<span class=\"_ _1\"/>R R<span class=\"_ _1\"/>E<span class=\"_ _1\"/>CE<span class=\"_ _1\"/>I<span class=\"_ _1\"/>VAB<span class=\"_ _1\"/>LE<span class=\"_ _1\"/>S</span>The G<span class=\"_ _1\"/>roup applies th<span class=\"_ _1\"/>e Exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted Cre<span class=\"_ _1\"/>dit Loss (E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>) model<span class=\"_ _1\"/>. For tr<span class=\"_ _1\"/>ade re<span class=\"_ _1\"/>ceivables an<span class=\"_ _1\"/>d unbilled re<span class=\"_ _1\"/>venue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s, th<span class=\"_ _1\"/>e Group appli<span class=\"_ _1\"/>es a simplified app<span class=\"_ _1\"/>roach in calculating E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>s. Th<span class=\"_ _1\"/>erefore<span class=\"_ _1\"/>, the Gro<span class=\"_ _1\"/>up does not tr<span class=\"_ _1\"/>ack chang<span class=\"_ _1\"/>es in credit risk<span class=\"_ _1\"/>, but instead recognises a l<span class=\"_ _1\"/>oss allowance based o<span class=\"_ _1\"/>n lifetime EC<span class=\"_ _1\"/>Ls at ea<span class=\"_ _1\"/>ch repo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ing date. Refer to <span class=\"fc14\">note </span>34.2<span class=\"fc2 ls2 ws2\"> Credit risk for de<span class=\"_ _1\"/>tails on how the G<span class=\"_ _1\"/>roup applies t<span class=\"_ _1\"/>he ECL m<span class=\"_ _1\"/>odel.</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade receivables<span class=\"_ _23f\"> </span><span class=\"ls2 ws2\">291,207<span class=\"_ _2b\"> </span><span class=\"ff8 fc14\">24<span class=\"_ _1\"/>0,035</span></span>Unbilled rev<span class=\"_ _6\"/>enue on (<span class=\"_ _7\"/>completed) projects<span class=\"_ _238\"> </span><span class=\"ls2 ws2\">216,744<span class=\"_ _f9\"> </span><span class=\"ff8 fc14\">186,002</span></span>Prepayments<span class=\"_ _240\"> </span><span class=\"ls2 ws2\">28,882<span class=\"_ _6e\"> </span><span class=\"ff8 fc14\">29,7<span class=\"_ _1\"/>16</span></span>VA<span class=\"_ _6\"/>T and oth<span class=\"_ _1\"/>er tax r<span class=\"_ _1\"/>eceiv<span class=\"_ _1\"/>ables<span class=\"_ _233\"> </span>3<span class=\"_ _1\"/>0,563<span class=\"_ _20\"> </span><span class=\"ff8 fc14\">17<span class=\"_ _7\"/>,927</span>Other receivables <span class=\"_ _1c1\"> </span><span class=\"ls2 ws2\">36,079<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">39,140</span></span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _204\"> </span>6<span class=\"_ _1\"/>03,475<span class=\"_ _17b\"> </span><span class=\"fc14\">512,820</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade receivable<span class=\"_ _6\"/>s are s<span class=\"_ _6\"/>hown net of<span class=\"_ _6\"/> impai<span class=\"_ _6\"/>rment los<span class=\"_ _6\"/>ses (<span class=\"_ _7\"/>see below) aris<span class=\"_ _6\"/>ing from iden<span class=\"_ _7\"/>tif<span class=\"_ _1\"/>ied doubt<span class=\"_ _1\"/>ful receiv<span class=\"_ _1\"/>ables fro<span class=\"_ _1\"/>m customers as we<span class=\"_ _1\"/>ll as expec<span class=\"_ _1\"/>ted cre<span class=\"_ _1\"/>dit losses. O<span class=\"_ _1\"/>ther re<span class=\"_ _1\"/>ceivabl<span class=\"_ _1\"/>es include s<span class=\"_ _7\"/>hor<span class=\"_ _1\"/>t-<span class=\"_ _7\"/>term deposits and curren<span class=\"_ _6\"/>t por<span class=\"_ _1\"/>tion of<span class=\"_ _6\"/> long-<span class=\"_ _6\"/>term receivables wi<span class=\"_ _6\"/>th an impairme<span class=\"_ _1\"/>nt loss of EUR 5<span class=\"_ _1\"/>24 thousand re<span class=\"_ _1\"/>cognised in the year (<span class=\"_ _1\"/>202<span class=\"_ _1\"/>1: nil<span class=\"_ _1\"/>). Impairm<span class=\"_ _1\"/>ent lossesT<span class=\"_ _6\"/>rade r<span class=\"_ _1\"/>eceivab<span class=\"_ _1\"/>les were impaire<span class=\"_ _1\"/>d taking into account the f<span class=\"_ _1\"/>inancial positio<span class=\"_ _1\"/>n of the debtor<span class=\"_ _1\"/>s, the days o<span class=\"_ _1\"/>utstan<span class=\"_ _1\"/>ding, the ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted outcome of n<span class=\"_ _1\"/>egotiat<span class=\"_ _1\"/>ions and legal p<span class=\"_ _1\"/>roceedin<span class=\"_ _1\"/>gs against debtor<span class=\"_ _1\"/>s and probab<span class=\"_ _1\"/>ilities of default<span class=\"_ _1\"/>. Unbilled r<span class=\"_ _1\"/>evenue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) p<span class=\"_ _1\"/>rojec<span class=\"_ _1\"/>ts does n<span class=\"_ _1\"/>ot include (material<span class=\"_ _1\"/>) impairment losses whi<span class=\"_ _1\"/>ch is simi<span class=\"_ _6\"/>lar to previ<span class=\"_ _1\"/>ous year<span class=\"_ _7\"/>. T<span class=\"_ _1\"/>he age<span class=\"_ _1\"/>ing of tra<span class=\"_ _1\"/>de receiv<span class=\"_ _1\"/>ables and unbille<span class=\"_ _1\"/>d revenue on (completed<span class=\"_ _1\"/>) contrac<span class=\"_ _1\"/>ts at t<span class=\"_ _1\"/>he repo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ing date is a<span class=\"_ _6\"/>s follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _241\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022</span>Estimated total gros<span class=\"_ _6\"/>s car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g Expected amount at Expectedcre<span class=\"_ _1\"/>dit l<span class=\"_ _1\"/>oss Statusdefaultcredit lossra<span class=\"_ _1\"/>te %Past du<span class=\"_ _1\"/>e for 0 to 3<span class=\"_ _1\"/>0 days<span class=\"_ _47\"> </span><span class=\"ls4c ws53\">Fully perfor<span class=\"_ _1\"/>ming<span class=\"_ _12a\"> </span></span>4<span class=\"_ _1\"/>03,381<span class=\"_ _231\"> </span>292<span class=\"_ _ae\"> </span>0.07Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 31 to 6<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _da\"> </span><span class=\"ls2 ws2\">53,261<span class=\"_ _e0\"> </span>480<span class=\"_ _d1\"> </span>0.90</span>Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 61 to 9<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _1f8\"> </span><span class=\"ls2 ws2\">18,243<span class=\"_ _a3\"> </span><span class=\"ls43 ws4b\">86<span class=\"_ _8e\"> </span></span>0.47</span>Past du<span class=\"_ _1\"/>e for over 9<span class=\"_ _1\"/>0 days<span class=\"_ _17f\"> </span><span class=\"ls7a ws7f\">(Mater<span class=\"_ _1\"/>ially) impaire<span class=\"_ _1\"/>d<span class=\"_ _231\"> </span></span>33,559<span class=\"_ _22\"> </span>13,565<span class=\"_ _5d\"> </span>40.42Retention<span class=\"_ _6\"/>s and s<span class=\"_ _6\"/>pecial item<span class=\"_ _6\"/>s<span class=\"_ _238\"> </span><span class=\"ls2 ws2\">14,498<span class=\"_ _df\"> </span><span class=\"ls43 ws4b\">568<span class=\"_ _ae\"> </span></span>3.92</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _23a\"> </span>522,942<span class=\"_ _22\"> </span>14,991(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _184\"> </span><span class=\"ff7 fs3 ls1dc ws1e2\">2021</span>Estimated total gros<span class=\"_ _6\"/>s car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g Expected amount at Expectedcre<span class=\"_ _1\"/>dit l<span class=\"_ _1\"/>oss Statusdefaultcredit lossra<span class=\"_ _1\"/>te %Past du<span class=\"_ _1\"/>e for 0 to 3<span class=\"_ _1\"/>0 days<span class=\"_ _47\"> </span><span class=\"ls4c ws53\">Fully perfor<span class=\"_ _1\"/>ming<span class=\"_ _129\"> </span></span><span class=\"ff8 fc14\">353,829<span class=\"_ _e1\"> </span><span class=\"ls43 ws4b\">95<span class=\"_ _d1\"> </span></span>0.03</span>Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 31 to 6<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _41\"> </span><span class=\"ff8 fc14 ls2 ws2\">34,28<span class=\"_ _1\"/>6<span class=\"_ _e0\"> </span>998<span class=\"_ _df\"> </span>2.91</span>Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 61 to 9<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _1d2\"> </span><span class=\"ff8 fc14 ls2 ws2\">8,96<span class=\"_ _1\"/>8<span class=\"_ _b2\"> </span>552<span class=\"_ _df\"> </span><span class=\"ls1df ws1e5\">6<span class=\"_ _1\"/>.1<span class=\"_ _1\"/>6</span></span>Past du<span class=\"_ _1\"/>e for over 9<span class=\"_ _1\"/>0 days<span class=\"_ _17f\"> </span><span class=\"ls7a ws7f\">(Mater<span class=\"_ _1\"/>ially) impaire<span class=\"_ _1\"/>d<span class=\"_ _b1\"> </span></span><span class=\"ff8 fc14\">35,<span class=\"_ _1\"/>281<span class=\"_ _73\"> </span>13,7<span class=\"_ _1\"/>11<span class=\"_ _1c9\"> </span>38.86</span>Retention<span class=\"_ _6\"/>s and s<span class=\"_ _6\"/>pecial item<span class=\"_ _6\"/>s<span class=\"_ _242\"> </span><span class=\"ff8 fc14 ls2 ws2\">9,<span class=\"_ _6\"/>111<span class=\"_ _e1\"> </span><span class=\"ls87 ws3b\">82<span class=\"_ _d1\"> </span></span>0.90</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _243\"> </span><span class=\"fc14\">441,475<span class=\"_ _84\"> </span>15,438</span>The m<span class=\"_ _1\"/>ovement in the allo<span class=\"_ _1\"/>wance for impairm<span class=\"_ _1\"/>ent in respec<span class=\"_ _1\"/>t of tra<span class=\"_ _1\"/>de receiv<span class=\"_ _1\"/>ables and unbilled re<span class=\"_ _1\"/>venue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s during th<span class=\"_ _1\"/>e year was as follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y<span class=\"_ _244\"> </span><span class=\"ff4 fs6 ls2\">15,438<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">16,835</span></span>Impairme<span class=\"_ _1\"/>nt loss recognised<span class=\"_ _1f0\"> </span><span class=\"ls2 ws2\">2,918<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">4,<span class=\"_ _6\"/>144</span></span>Impairment<span class=\"_ _6\"/> loss rev<span class=\"_ _6\"/>ersed<span class=\"_ _23e\"> </span><span class=\"ls2 ws2\">(2,003)<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">(1,8<span class=\"_ _1\"/>61)</span></span>Write-<span class=\"_ _1\"/>off<span class=\"_ _245\"> </span><span class=\"ls2 ws2\">(1,972)<span class=\"_ _9b\"> </span><span class=\"ff8 fc14\">(4,767)</span></span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of moveme<span class=\"_ _1\"/>nts in exchan<span class=\"_ _1\"/>ge rates<span class=\"_ _246\"> </span><span class=\"ls1ed ws1f2\">610<span class=\"_ _89\"> </span></span><span class=\"ff8 fc14\">1,087</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _bd\"> </span>14,991<span class=\"_ _84\"> </span><span class=\"fc14\">15,438</span>The allowanc<span class=\"_ _6\"/>e acc<span class=\"_ _7\"/>ount with res<span class=\"_ _6\"/>pec<span class=\"_ _1\"/>t to<span class=\"_ _6\"/> trade receivables and u<span class=\"_ _6\"/>nbil<span class=\"_ _6\"/>led revenue on (<span class=\"_ _6\"/>completed<span class=\"_ _1\"/>) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s are used to re<span class=\"_ _1\"/>cord impairment losses unless t<span class=\"_ _1\"/>he Group is satisfi<span class=\"_ _1\"/>ed that no re<span class=\"_ _1\"/>cover<span class=\"_ _1\"/>y of the amount owin<span class=\"_ _1\"/>g is possible. At that p<span class=\"_ _1\"/>oint the amount considere<span class=\"_ _1\"/>d irre<span class=\"_ _1\"/>coverable is wri<span class=\"_ _1\"/>tten of<span class=\"_ _1\"/>f direc<span class=\"_ _1\"/>tly against th<span class=\"_ _1\"/>e allowance. T<span class=\"_ _1\"/>he changes in th<span class=\"_ _1\"/>e aforeme<span class=\"_ _1\"/>ntione<span class=\"_ _1\"/>d balances contributed to chan<span class=\"_ _1\"/>ges in the loss allow<span class=\"_ _1\"/>ance. Consistent with prio<span class=\"_ _1\"/>r year<span class=\"_ _6\"/>, there ar<span class=\"_ _1\"/>e no material tr<span class=\"_ _1\"/>ade recei<span class=\"_ _1\"/>vables whi<span class=\"_ _1\"/>ch were writ<span class=\"_ _1\"/>ten of<span class=\"_ _1\"/>f during 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 and which are<span class=\"_ _6\"/> still s<span class=\"_ _7\"/>ubjec<span class=\"_ _1\"/>t to<span class=\"_ _6\"/> enforc<span class=\"_ _6\"/>ement activity.31<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls37 ws1fa\">EMP<span class=\"_ _7\"/>LO<span class=\"_ _7\"/>YEE<span class=\"_ _7\"/> BENEFIT<span class=\"_ _7\"/>S</span>Ac<span class=\"_ _1\"/>tuarial gains and losses ar<span class=\"_ _1\"/>ising from exp<span class=\"_ _1\"/>erien<span class=\"_ _1\"/>ce adjustments and c<span class=\"_ _1\"/>hanges in ac<span class=\"_ _1\"/>tuarial assumptions are charge<span class=\"_ _1\"/>d or credite<span class=\"_ _1\"/>d to equit<span class=\"_ _1\"/>y in other compr<span class=\"_ _1\"/>ehensive income in the per<span class=\"_ _1\"/>iod in which t<span class=\"_ _1\"/>hey arise. P<span class=\"_ _1\"/>ast<span class=\"_ _6\"/>-ser<span class=\"_ _1\"/>vice costs are re<span class=\"_ _1\"/>cognised imme<span class=\"_ _1\"/>diately in profit o<span class=\"_ _1\"/>r loss. Employee c<span class=\"_ _7\"/>ontributions for wh<span class=\"_ _6\"/>ich the amou<span class=\"_ _6\"/>nt i<span class=\"_ _6\"/>s independent o<span class=\"_ _6\"/>f the nu<span class=\"_ _6\"/>mber of years of se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vice are recognise<span class=\"_ _1\"/>d as a reduc<span class=\"_ _1\"/>tion of th<span class=\"_ _1\"/>e ser<span class=\"_ _1\"/>vice costs in th<span class=\"_ _1\"/>e peri<span class=\"_ _1\"/>od in which the re<span class=\"_ _1\"/>lated ser<span class=\"_ _1\"/>vices are re<span class=\"_ _1\"/>ndere<span class=\"_ _1\"/>d.Actuar<span class=\"_ _1\"/>ial assumptionsPrinc<span class=\"_ _1\"/>ipal actuar<span class=\"_ _1\"/>ial assumptions at the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date (<span class=\"_ _6\"/>express<span class=\"_ _1\"/>ed as a range of w<span class=\"_ _1\"/>eighted averag<span class=\"_ _1\"/>es<span class=\"_ _7\"/>):2022<span class=\"_ _9a\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span>UK<span class=\"_ _58\"> </span><span class=\"ls12b ws13a\">Nethe<span class=\"_ _1\"/>rlands<span class=\"_ _1b\"> </span></span>UK<span class=\"_ _178\"> </span><span class=\"ls12b ws13a\">Netherlan<span class=\"_ _1\"/>ds</span>Discount rate at 31 D<span class=\"_ _1\"/>ecemb<span class=\"_ _1\"/>er<span class=\"_ _116\"> </span>4.85<span class=\"_ _1\"/>%<span class=\"_ _84\"> </span>3.60<span class=\"_ _1\"/>%<span class=\"_ _21\"> </span>1.93<span class=\"_ _1\"/>%<span class=\"_ _5d\"> </span>1.<span class=\"_ _7\"/>10<span class=\"_ _0\"/>%Future salar<span class=\"_ _1\"/>y increases<span class=\"_ _280\"> </span>0.0<span class=\"_ _1\"/>%<span class=\"_ _70\"> </span>0.0<span class=\"_ _1\"/>%<span class=\"_ _7c\"> </span>0.0<span class=\"_ _0\"/>%<span class=\"_ _7c\"> </span>0.0<span class=\"_ _0\"/>%Future pen<span class=\"_ _6\"/>sion inc<span class=\"_ _6\"/>reases<span class=\"_ _dd\"> </span>1.54<span class=\"_ _1\"/>%<span class=\"_ _70\"> </span>0.0<span class=\"_ _1\"/>%<span class=\"_ _5d\"> </span>1.51<span class=\"_ _0\"/>%<span class=\"_ _7c\"> </span>0.0<span class=\"_ _1\"/>%The f<span class=\"_ _1\"/>inancial ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of dif<span class=\"_ _1\"/>ferences be<span class=\"_ _1\"/>twe<span class=\"_ _1\"/>en the ac<span class=\"_ _1\"/>tuarial assumptions an<span class=\"_ _1\"/>d actuals fo<span class=\"_ _1\"/>r the pension liab<span class=\"_ _1\"/>ility and p<span class=\"_ _1\"/>lan assets are includ<span class=\"_ _1\"/>ed in the rem<span class=\"_ _1\"/>easurements<span class=\"_ _1\"/>. For t<span class=\"_ _1\"/>he Neth<span class=\"_ _1\"/>erlandslife exp<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>anc<span class=\"_ _1\"/>y assumptions are derive<span class=\"_ _1\"/>d from th<span class=\"_ _1\"/>e Projec<span class=\"_ _1\"/>tio<span class=\"_ _1\"/>ns Life T<span class=\"_ _6\"/>able AG2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 from t<span class=\"_ _1\"/>he Royal D<span class=\"_ _1\"/>utch Ac<span class=\"_ _1\"/>tuarial A<span class=\"_ _1\"/>ssociati<span class=\"_ _1\"/>on. Th<span class=\"_ _1\"/>e mor<span class=\"_ _1\"/>talit<span class=\"_ _1\"/>y table is adjuste<span class=\"_ _1\"/>d to tailor th<span class=\"_ _1\"/>e mor<span class=\"_ _1\"/>talit<span class=\"_ _1\"/>y figur<span class=\"_ _1\"/>es to the insured pop<span class=\"_ _1\"/>ulation by apply<span class=\"_ _1\"/>ing the exp<span class=\"_ _1\"/>erie<span class=\"_ _1\"/>nce fac<span class=\"_ _1\"/>tors fro<span class=\"_ _1\"/>m the \u2018Centr<span class=\"_ _1\"/>um voor V<span class=\"_ _6\"/>erzekeringsstati<span class=\"_ _7\"/>stiek<span class=\"_ _1\"/>\u2019: the so-cal<span class=\"_ _6\"/>led ES-P<span class=\"_ _1\"/>2 factors<span class=\"_ _1\"/>. For the United Kingdom, the mo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>alit<span class=\"_ _1\"/>y basis adopted is the st<span class=\"_ _1\"/>andard tabl<span class=\"_ _1\"/>e S3P<span class=\"_ _1\"/>x<span class=\"_ _0\"/>A with futur<span class=\"_ _1\"/>e improvement<span class=\"_ _1\"/>s in line with th<span class=\"_ _1\"/>e Continuous Mor<span class=\"_ _1\"/>t<span class=\"_ _1\"/>alit<span class=\"_ _1\"/>y Investigation\u2019s 20<span class=\"_ _1\"/>21 proj<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>ion mod<span class=\"_ _1\"/>el with a lon<span class=\"_ _1\"/>g term improveme<span class=\"_ _1\"/>nt rate of 1.<span class=\"_ _1\"/>2<span class=\"_ _1\"/>5% p<span class=\"_ _1\"/>er annum for all memb<span class=\"_ _1\"/>ers<span class=\"_ _1\"/>.The se<span class=\"_ _1\"/>nsitivit<span class=\"_ _1\"/>y of the def<span class=\"_ _1\"/>ined b<span class=\"_ _1\"/>enefit ob<span class=\"_ _1\"/>ligation to chang<span class=\"_ _1\"/>es in the weighte<span class=\"_ _1\"/>d principal assumpt<span class=\"_ _1\"/>ions is<span class=\"_ _1\"/>:Impact on defined<span class=\"_ _6\"/> benefit obligationCha<span class=\"_ _1\"/>nge i<span class=\"_ _1\"/>n assumptio<span class=\"_ _1\"/>n<span class=\"_ _f2\"> </span><span class=\"ls19e ws19e\">I<span class=\"_ _1\"/>ncrease in<span class=\"_ _6\"/> assumption<span class=\"_ _2b\"> </span>D<span class=\"_ _1\"/>ecrease in assumption</span>Discount r<span class=\"_ _1\"/>ate<span class=\"_ _10a\"> </span><span class=\"ff8\">0.50<span class=\"_ _0\"/>%<span class=\"_ _ed\"> </span>Decrease by 7<span class=\"_ _3\"/>.1<span class=\"_ _1\"/>%<span class=\"_ _22f\"> </span>Increase by 8.1<span class=\"_ _1\"/>%</span>Salar<span class=\"_ _1\"/>y gro<span class=\"_ _1\"/>wt<span class=\"_ _1\"/>h rate<span class=\"_ _23\"> </span><span class=\"ff8\">0.50<span class=\"_ _1\"/>%<span class=\"_ _ed\"> </span>Increase by 0.0<span class=\"_ _1\"/>%<span class=\"_ _8e\"> </span>Decrease by 0.0<span class=\"_ _0\"/>%</span>Pension g<span class=\"_ _1\"/>row<span class=\"_ _1\"/>th rate<span class=\"_ _114\"> </span><span class=\"ff8\">0.50<span class=\"_ _0\"/>%<span class=\"_ _e1\"> </span>Increase by 2.<span class=\"_ _7\"/>1<span class=\"_ _0\"/>%<span class=\"_ _e0\"> </span>Decrease by 2.0<span class=\"_ _1\"/>%</span>Life expect<span class=\"_ _1\"/>ancy<span class=\"_ _1d3\"> </span><span class=\"ff8 ls2 ws2\">1 year<span class=\"_ _ed\"> </span>Increase by 2.9<span class=\"_ _0\"/>%<span class=\"_ _e0\"> </span>Decrease by 2.9<span class=\"_ _1\"/>%</span>The se<span class=\"_ _1\"/>nsitivit<span class=\"_ _1\"/>y analyses are b<span class=\"_ _1\"/>ased on a change in o<span class=\"_ _1\"/>ne assumption while holding all ot<span class=\"_ _1\"/>her ass<span class=\"_ _7\"/>umptions c<span class=\"_ _6\"/>onstant, so th<span class=\"_ _6\"/>at in<span class=\"_ _6\"/>terdependencies between the ass<span class=\"_ _6\"/>umption<span class=\"_ _6\"/>s are ex<span class=\"_ _6\"/>cluded.3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>. <span class=\"_ _d\"> </span><span class=\"ff5 fs6 lsf7 ws3d\">FINANCIAL RISK<span class=\"_ _6\"/> MANA<span class=\"_ _6\"/>GEM<span class=\"_ _1\"/>ENT</span>3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>.2 <span class=\"_ _5b\"> </span><span class=\"ff2 fs3 ls160 ws16d\">Credit risk</span>The G<span class=\"_ _1\"/>roup considers t<span class=\"_ _1\"/>he probabilit<span class=\"_ _1\"/>y of def<span class=\"_ _1\"/>ault upon initial re<span class=\"_ _1\"/>cognition of an asset and wheth<span class=\"_ _1\"/>er there has b<span class=\"_ _1\"/>een a signifi<span class=\"_ _1\"/>cant increase in cre<span class=\"_ _1\"/>dit risk on an ongoing b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s through<span class=\"_ _1\"/>out each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting pe<span class=\"_ _1\"/>riod<span class=\"_ _1\"/>. T<span class=\"_ _7\"/>o assess whet<span class=\"_ _1\"/>her ther<span class=\"_ _1\"/>e is a significant increase in credit r<span class=\"_ _1\"/>isk the company compares the r<span class=\"_ _1\"/>isk of a default occurr<span class=\"_ _1\"/>ing on the asset as at the repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ting date with the r<span class=\"_ _1\"/>isk of default as at the date of initial re<span class=\"_ _1\"/>cognition<span class=\"_ _1\"/>. It considers availa<span class=\"_ _6\"/>ble reason<span class=\"_ _6\"/>able and<span class=\"_ _6\"/> supportive for<span class=\"_ _1\"/>wardin<span class=\"_ _6\"/>g-looking i<span class=\"_ _6\"/>nformation. The Grou<span class=\"_ _6\"/>p applie<span class=\"_ _6\"/>s the low credit ri<span class=\"_ _6\"/>sk s<span class=\"_ _6\"/>impl<span class=\"_ _6\"/>ification to long<span class=\"_ _7\"/>-term loans, deposi<span class=\"_ _6\"/>ts and other long-<span class=\"_ _7\"/>term receiv<span class=\"_ _1\"/>ables and re<span class=\"_ _1\"/>cognises an allowan<span class=\"_ _1\"/>ce for expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d credit losses (<span class=\"_ _1\"/>ECL<span class=\"_ _1\"/>s) for all debt instrume<span class=\"_ _1\"/>nts not hel<span class=\"_ _1\"/>d at fair value t<span class=\"_ _1\"/>hrough prof<span class=\"_ _1\"/>it or loss.ECL<span class=\"_ _1\"/>s are b<span class=\"_ _1\"/>ased on the dif<span class=\"_ _1\"/>feren<span class=\"_ _1\"/>ce bet<span class=\"_ _1\"/>ween th<span class=\"_ _1\"/>e contrac<span class=\"_ _1\"/>tual cash fl<span class=\"_ _1\"/>ows due in accordance with th<span class=\"_ _1\"/>e contrac<span class=\"_ _1\"/>t and all the cash f<span class=\"_ _1\"/>lows that th<span class=\"_ _1\"/>e Group exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ts to re<span class=\"_ _1\"/>ceive, discounted at an approx<span class=\"_ _1\"/>imation of the or<span class=\"_ _1\"/>iginal effe<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>ive interest rate<span class=\"_ _1\"/>. The exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted cash fl<span class=\"_ _1\"/>ows will include cash f<span class=\"_ _1\"/>lows fr<span class=\"_ _1\"/>om the sale of collater<span class=\"_ _1\"/>al held or ot<span class=\"_ _1\"/>her credit e<span class=\"_ _1\"/>nhancements t<span class=\"_ _1\"/>hat are integral to t<span class=\"_ _1\"/>he contrac<span class=\"_ _1\"/>tual ter<span class=\"_ _1\"/>ms (insofar applicabl<span class=\"_ _1\"/>e<span class=\"_ _6\"/>).The Board of Man<span class=\"_ _6\"/>agement reviews the ou<span class=\"_ _6\"/>tstanding trade receivables<span class=\"_ _6\"/> and unbi<span class=\"_ _7\"/>lled revenue o<span class=\"_ _1\"/>n (<span class=\"_ _7\"/>compl<span class=\"_ _1\"/>eted<span class=\"_ _1\"/>) contrac<span class=\"_ _1\"/>ts on an o<span class=\"_ _1\"/>ngoing basis. L<span class=\"_ _1\"/>ocal manage<span class=\"_ _1\"/>ment is requeste<span class=\"_ _1\"/>d to take<span class=\"_ _6\"/> additional<span class=\"_ _6\"/> precaution in<span class=\"_ _6\"/> working with c<span class=\"_ _6\"/>er<span class=\"_ _1\"/>tain<span class=\"_ _6\"/> clients. For trade receivables and unbilled re<span class=\"_ _1\"/>venue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s, th<span class=\"_ _1\"/>e Group has estab<span class=\"_ _1\"/>lished a provision matr<span class=\"_ _1\"/>ix that i<span class=\"_ _6\"/>s bas<span class=\"_ _6\"/>ed on its hist<span class=\"_ _6\"/>orical credit lo<span class=\"_ _6\"/>ss experience, ad<span class=\"_ _6\"/>just<span class=\"_ _6\"/>ed for for<span class=\"_ _1\"/>ward-<span class=\"_ _7\"/>lo<span class=\"_ _1\"/>oking factors specific to the deb<span class=\"_ _6\"/>tors and the econom<span class=\"_ _6\"/>ic envir<span class=\"_ _6\"/>onment. Generally,<span class=\"_ _6\"/> trade receivables are fully impaire<span class=\"_ _1\"/>d if past due more t<span class=\"_ _1\"/>han 1.<span class=\"_ _1\"/>5 year and ar<span class=\"_ _1\"/>e not subjec<span class=\"_ _1\"/>t to enforcement ac<span class=\"_ _1\"/>tivit<span class=\"_ _1\"/>y. The pr<span class=\"_ _1\"/>ovision rates are b<span class=\"_ _1\"/>ased on days past due fo<span class=\"_ _1\"/>r customers<span class=\"_ _1\"/>. The G<span class=\"_ _1\"/>roup considered vari<span class=\"_ _1\"/>ous customer se<span class=\"_ _1\"/>gments that have similar loss pat<span class=\"_ _1\"/>terns (i<span class=\"_ _1\"/>.e., by g<span class=\"_ _1\"/>eogr<span class=\"_ _1\"/>aphy, ser<span class=\"_ _1\"/>vice/produ<span class=\"_ _1\"/>ct t<span class=\"_ _1\"/>yp<span class=\"_ _1\"/>e, industr<span class=\"_ _1\"/>y, customer t<span class=\"_ _1\"/>yp<span class=\"_ _1\"/>e and rating<span class=\"_ _1\"/>, and covera<span class=\"_ _1\"/>ge from cre<span class=\"_ _1\"/>dit insurance where ap<span class=\"_ _1\"/>plicable). The ag<span class=\"_ _1\"/>eing is based on invoice due date. T<span class=\"_ _1\"/>he provision mat<span class=\"_ _1\"/>rix is initially based on t<span class=\"_ _1\"/>he Group\u2019s historic<span class=\"_ _1\"/>al obser<span class=\"_ _1\"/>ved d<span class=\"_ _1\"/>efault rates<span class=\"_ _1\"/>. The Gr<span class=\"_ _1\"/>oup calibrates th<span class=\"_ _1\"/>e matrix to adju<span class=\"_ _6\"/>st the hi<span class=\"_ _6\"/>storical credi<span class=\"_ _6\"/>t loss<span class=\"_ _6\"/> experience with forward-looking in<span class=\"_ _7\"/>for<span class=\"_ _1\"/>ma<span class=\"_ _6\"/>tion con<span class=\"_ _6\"/>sidering current mar<span class=\"_ _1\"/>ket conditions at the re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ting date. A t<span class=\"_ _1\"/>rade re<span class=\"_ _1\"/>ceivable is wr<span class=\"_ _1\"/>itte<span class=\"_ _1\"/>n off wh<span class=\"_ _1\"/>en ther<span class=\"_ _1\"/>e is no reasonable exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tation of re<span class=\"_ _1\"/>covering the contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>tual cash flo<span class=\"_ _1\"/>ws. The assessment of th<span class=\"_ _1\"/>e correlatio<span class=\"_ _1\"/>n bet<span class=\"_ _1\"/>ween histor<span class=\"_ _1\"/>ical obser<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>d default r<span class=\"_ _1\"/>ates, for<span class=\"_ _1\"/>ecast economi<span class=\"_ _1\"/>c conditions and E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>s is an estimate. The s<span class=\"_ _1\"/>ensitivit<span class=\"_ _1\"/>y of the amo<span class=\"_ _1\"/>unt of ECL<span class=\"_ _1\"/>s to changes in circumst<span class=\"_ _1\"/>ances and of forec<span class=\"_ _1\"/>ast economic condit<span class=\"_ _1\"/>ions is limited. Th<span class=\"_ _1\"/>e Group\u2019s hist<span class=\"_ _6\"/>orical credit lo<span class=\"_ _6\"/>ss experience a<span class=\"_ _6\"/>nd forecast o<span class=\"_ _6\"/>f economic c<span class=\"_ _7\"/>onditions may<span class=\"_ _6\"/> not be represe<span class=\"_ _1\"/>ntative of custome<span class=\"_ _1\"/>r\u2019s ac<span class=\"_ _1\"/>tual default in the f<span class=\"_ _1\"/>uture. T<span class=\"_ _1\"/>he Group do<span class=\"_ _1\"/>es not provi<span class=\"_ _1\"/>de detaile<span class=\"_ _1\"/>d informatio<span class=\"_ _1\"/>n on (<span class=\"_ _7\"/>a) the est<span class=\"_ _1\"/>imation techni<span class=\"_ _1\"/>ques and inputs use<span class=\"_ _1\"/>d, (<span class=\"_ _1\"/>b<span class=\"_ _7\"/>) h<span class=\"_ _1\"/>ow the forecast economi<span class=\"_ _6\"/>c cond<span class=\"_ _6\"/>itions h<span class=\"_ _6\"/>ave been inc<span class=\"_ _7\"/>or<span class=\"_ _1\"/>porated in the de<span class=\"_ _6\"/>termina<span class=\"_ _6\"/>tion of ECL and<span class=\"_ _6\"/> (<span class=\"_ _7\"/>c) changes in est<span class=\"_ _1\"/>imation techniqu<span class=\"_ _1\"/>es and inputs use<span class=\"_ _1\"/>d, be<span class=\"_ _1\"/>cause the impac<span class=\"_ _1\"/>t is not signific<span class=\"_ _1\"/>ant.36<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws1c0\">C<span class=\"_ _6\"/>OMMITME<span class=\"_ _1\"/>NTS<span class=\"_ _7\"/> NOT INCL<span class=\"_ _7\"/>U<span class=\"_ _1\"/>DED IN<span class=\"_ _7\"/> THE ST<span class=\"_ _7\"/>A<span class=\"_ _6\"/>TEME<span class=\"_ _1\"/>NT<span class=\"_ _7\"/> OF FINANCIAL<span class=\"_ _6\"/> POSITION</span>Climate commitmentsOn 1<span class=\"_ _1\"/>9 Febr<span class=\"_ _1\"/>uar<span class=\"_ _1\"/>y 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>, Fugro announ<span class=\"_ _1\"/>ced a target of ne<span class=\"_ _1\"/>t zero carbo<span class=\"_ _1\"/>n emissions scope 1 and scope 2 by 2<span class=\"_ _1\"/>03<span class=\"_ _1\"/>5<span class=\"_ _1\"/>. In 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, in su<span class=\"_ _6\"/>ppo<span class=\"_ _1\"/>rt of t<span class=\"_ _1\"/>his target<span class=\"_ _1\"/>, Fugro star<span class=\"_ _1\"/>te<span class=\"_ _1\"/>d develop<span class=\"_ _1\"/>ing science-base<span class=\"_ _1\"/>d targe<span class=\"_ _1\"/>ts on it<span class=\"_ _1\"/>s C<span class=\"_ _6\"/>O emission redu<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>on in line with the S<span class=\"_ _1\"/>cience Base<span class=\"_ _1\"/>d T<span class=\"_ _7\"/>arget<span class=\"_ _1\"/>s initiative 2(SBTi).  I<span class=\"_ _1\"/>n addition to scop<span class=\"_ _1\"/>e 1 and 2<span class=\"_ _1\"/>, science-base<span class=\"_ _1\"/>d target<span class=\"_ _1\"/>s also cover scope 3 emissions. Fugro is a ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ice provider an<span class=\"_ _1\"/>d therefo<span class=\"_ _1\"/>re its client v<span class=\"_ _1\"/>alue chain scope 3 emissions are negligib<span class=\"_ _1\"/>le; scope 3 consists of emissions fro<span class=\"_ _1\"/>m its supply chain<span class=\"_ _1\"/>. C<span class=\"_ _6\"/>O emis<span class=\"_ _6\"/>sions<span class=\"_ _6\"/> from vessel<span class=\"_ _7\"/>s<span class=\"_ _1\"/>, 2both o<span class=\"_ _1\"/>wned and l<span class=\"_ _1\"/>eased, account for app<span class=\"_ _1\"/>roximately 8<span class=\"_ _1\"/>0% of Fu<span class=\"_ _1\"/>gro\u2019s c<span class=\"_ _6\"/>ombine<span class=\"_ _1\"/>d scope 1 and 2 emissions. T<span class=\"_ _1\"/>herefore<span class=\"_ _1\"/>, Fugro\u2019s carb<span class=\"_ _1\"/>on reduc<span class=\"_ _1\"/>tion p<span class=\"_ _1\"/>lan is for a large par<span class=\"_ _1\"/>t a multi-year f<span class=\"_ _1\"/>leet transiti<span class=\"_ _1\"/>on plan, re<span class=\"_ _1\"/>quiring signific<span class=\"_ _1\"/>ant multi-year investments<span class=\"_ _1\"/>. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-20-3": {
   "value": "2<span class=\"_ _1\"/>.1 <span class=\"_ _17e\"> </span><span class=\"ff2 fs3 ls9e wsa2\">E<span class=\"_ _1\"/>stimates, judgem<span class=\"_ _1\"/>ents and uncer<span class=\"_ _1\"/>tainties</span>The pr<span class=\"_ _1\"/>eparati<span class=\"_ _1\"/>on of the consolidated f<span class=\"_ _1\"/>inancial state<span class=\"_ _1\"/>ments re<span class=\"_ _1\"/>quires manageme<span class=\"_ _1\"/>nt to make judgem<span class=\"_ _1\"/>ents<span class=\"_ _1\"/>, estimates, assumptions and consider uncer<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ainties that aff<span class=\"_ _1\"/>ect t<span class=\"_ _1\"/>he applicati<span class=\"_ _1\"/>on of accounting polici<span class=\"_ _1\"/>es and the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ted amount<span class=\"_ _1\"/>s of assets, liab<span class=\"_ _1\"/>ilities, income an<span class=\"_ _1\"/>d exp<span class=\"_ _1\"/>enses. Ac<span class=\"_ _1\"/>tual results may t<span class=\"_ _1\"/>herefor<span class=\"_ _1\"/>e differ mater<span class=\"_ _1\"/>ially from t<span class=\"_ _1\"/>hese estimates:Es<span class=\"_ _1\"/>timate<span class=\"_ _1\"/>s, ju<span class=\"_ _1\"/>dge<span class=\"_ _1\"/>ment<span class=\"_ _1\"/>s and un<span class=\"_ _1\"/>cer<span class=\"_ _1\"/>tain<span class=\"_ _1\"/>ties wi<span class=\"_ _1\"/>th resp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>t to:<span class=\"_ _a2\"> </span><span class=\"ff2 fs36 ls1da ws1e0\">Note:</span>Impair<span class=\"_ _1\"/>ment of non-fina<span class=\"_ _1\"/>ncial asset<span class=\"_ _1\"/>s (pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equip<span class=\"_ _1\"/>ment<span class=\"_ _1\"/>, right-of-use asset<span class=\"_ _1\"/>s and intang<span class=\"_ _1\"/>ible asset<span class=\"_ _1\"/>s including g<span class=\"_ _1\"/>ood<span class=\"_ _1\"/>will<span class=\"_ _1\"/>)15Impair<span class=\"_ _1\"/>ment of fina<span class=\"_ _1\"/>ncial asset<span class=\"_ _1\"/>s (<span class=\"_ _7\"/>t<span class=\"_ _1\"/>rad<span class=\"_ _1\"/>e receiv<span class=\"_ _1\"/>ables<span class=\"_ _1\"/>, unbilled r<span class=\"_ _1\"/>evenue on (<span class=\"_ _6\"/>comple<span class=\"_ _6\"/>ted) projec<span class=\"_ _1\"/>ts, and other receivables<span class=\"_ _7\"/>)25Deferred<span class=\"_ _6\"/> tax18Accounting f<span class=\"_ _1\"/>or the ref<span class=\"_ _1\"/>inancing5, <span class=\"ls43 ws4b\">27</span> and <span class=\"ls1f0 ws1f4\">30</span>Employe<span class=\"_ _1\"/>e benefit<span class=\"_ _1\"/>s31Provision<span class=\"_ _7\"/>s32Climate-re<span class=\"_ _1\"/>lated mat<span class=\"_ _1\"/>ters6Macro-economic envi<span class=\"_ _6\"/>ronment fol<span class=\"_ _6\"/>lowing geo-political<span class=\"_ _6\"/> events and<span class=\"_ _6\"/> Covid-<span class=\"_ _7\"/>1<span class=\"_ _1\"/>9 pandemic 9, <span class=\"ls1f1 ws1f5\">34</span> and <span class=\"ls43 ws4b\">36</span>5<span class=\"_ _1\"/>. <span class=\"_ _b\"> </span><span class=\"ff5 fs6 ls1f3 ws1f7\">REF<span class=\"_ _1\"/>INANCIN<span class=\"_ _1\"/>G<span class=\"_ _7\"/> 2<span class=\"_ _1\"/>022</span>On 26 J<span class=\"_ _1\"/>uly 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, Fu<span class=\"_ _1\"/>gro completed a EU<span class=\"_ _1\"/>R 11<span class=\"_ _1\"/>6<span class=\"_ _1\"/>.1 million equit<span class=\"_ _1\"/>y raise t<span class=\"_ _1\"/>hrough an acceler<span class=\"_ _1\"/>ated bo<span class=\"_ _1\"/>okbuild of<span class=\"_ _1\"/>fering<span class=\"_ _1\"/>. The of<span class=\"_ _1\"/>fering w<span class=\"_ _1\"/>as su<span class=\"_ _6\"/>ppo<span class=\"_ _1\"/>rte<span class=\"_ _1\"/>d by a number of pre<span class=\"_ _1\"/>-commit<span class=\"_ _1\"/>ted investors<span class=\"_ _1\"/>, who agre<span class=\"_ _1\"/>ed to subscrib<span class=\"_ _1\"/>e for over 5<span class=\"_ _1\"/>0% of th<span class=\"_ _1\"/>e deal size. T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ion costs on th<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y issue amounted to EU<span class=\"_ _1\"/>R 2.<span class=\"_ _1\"/>3 millio<span class=\"_ _1\"/>n. On 2<span class=\"_ _1\"/>5 July 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, the company simultane<span class=\"_ _1\"/>ously announced a comp<span class=\"_ _1\"/>rehensive sustainabilit<span class=\"_ _1\"/>y-linked refinan<span class=\"_ _1\"/>cing of its bank de<span class=\"_ _1\"/>bt as summarised b<span class=\"_ _1\"/>elow. This ref<span class=\"_ _1\"/>inancing consisted of a full set<span class=\"_ _1\"/>tleme<span class=\"_ _1\"/>nt of existing debt<span class=\"_ _1\"/>, cancellatio<span class=\"_ _1\"/>n of commitments an<span class=\"_ _1\"/>d termination of th<span class=\"_ _1\"/>e existing Faciliti<span class=\"_ _1\"/>es Agre<span class=\"_ _1\"/>ement.On 2<span class=\"_ _1\"/>8 July 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, up<span class=\"_ _1\"/>on set<span class=\"_ _1\"/>tlement of th<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y raise, t<span class=\"_ _1\"/>he company simultane<span class=\"_ _1\"/>ously repurchase<span class=\"_ _1\"/>d EUR 9 million (on a nominal basis<span class=\"_ _6\"/>) of its subo<span class=\"_ _1\"/>rdinated conver<span class=\"_ _1\"/>tible bo<span class=\"_ _1\"/>nds due 2 Novemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>24 at par using proce<span class=\"_ _1\"/>eds from th<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y raise. A<span class=\"_ _1\"/>n amount of EU<span class=\"_ _1\"/>R 91 mill<span class=\"_ _6\"/>ion (principal on a<span class=\"_ _6\"/> nomina<span class=\"_ _6\"/>l bas<span class=\"_ _6\"/>is<span class=\"_ _7\"/>) remained outstandi<span class=\"_ _6\"/>ng of the<span class=\"_ _6\"/> conv<span class=\"_ _6\"/>er<span class=\"_ _1\"/>tible<span class=\"_ _6\"/> bonds due 20<span class=\"_ _1\"/>24. I<span class=\"_ _1\"/>n August 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2, F<span class=\"_ _1\"/>ugro fully re<span class=\"_ _1\"/>paid the ex<span class=\"_ _1\"/>isting senior revo<span class=\"_ _1\"/>lving cre<span class=\"_ _1\"/>dit facilit<span class=\"_ _1\"/>y in t<span class=\"_ _1\"/>wo tran<span class=\"_ _1\"/>ches for a tot<span class=\"_ _1\"/>al amount of EUR 7<span class=\"_ _1\"/>5 million (nominal amount). On 5 A<span class=\"_ _1\"/>ugust 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, the ex<span class=\"_ _1\"/>isting EUR 2<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0 million seni<span class=\"_ _1\"/>or revolv<span class=\"_ _1\"/>ing credit f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y (<span class=\"_ _7\"/>e<span class=\"_ _1\"/>xisting RCF, including ancillar<span class=\"_ _1\"/>y facilit<span class=\"_ _1\"/>y of EU<span class=\"_ _1\"/>R 5<span class=\"_ _1\"/>0 million) and EUR 1<span class=\"_ _1\"/>88 millio<span class=\"_ _1\"/>n (<span class=\"_ _6\"/>nominal amount) se<span class=\"_ _1\"/>nior term ex<span class=\"_ _1\"/>piring on 14 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>3 we<span class=\"_ _1\"/>re cancelled an<span class=\"_ _1\"/>d replaced by a n<span class=\"_ _1\"/>ew EUR 2<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 million seni<span class=\"_ _1\"/>or term loan and a new E<span class=\"_ _1\"/>UR 20<span class=\"_ _0\"/>0 million senior R<span class=\"_ _1\"/>CF<span class=\"_ _7\"/>, to<span class=\"_ _1\"/>gethe<span class=\"_ _1\"/>r called th<span class=\"_ _1\"/>e Senior Facilit<span class=\"_ _1\"/>y A<span class=\"_ _1\"/>greeme<span class=\"_ _1\"/>nt (SFA). On 5 A<span class=\"_ _1\"/>ugust 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, th<span class=\"_ _1\"/>e transac<span class=\"_ _1\"/>tion cl<span class=\"_ _1\"/>osed and th<span class=\"_ _1\"/>e SFA becam<span class=\"_ _1\"/>e effe<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ve. On 5 Au<span class=\"_ _1\"/>gust 20<span class=\"_ _1\"/>22<span class=\"_ _1\"/>, Fugro issued t<span class=\"_ _1\"/>he new ter<span class=\"_ _1\"/>m loan (E<span class=\"_ _1\"/>UR 20<span class=\"_ _0\"/>0 million) and fully set<span class=\"_ _1\"/>tled th<span class=\"_ _1\"/>e existing te<span class=\"_ _1\"/>rm loan of EU<span class=\"_ _1\"/>R 18<span class=\"_ _1\"/>8 million pr<span class=\"_ _1\"/>incipal and EU<span class=\"_ _1\"/>R 1.<span class=\"_ _1\"/>7 million of accrue<span class=\"_ _1\"/>d interest. The n<span class=\"_ _1\"/>et procee<span class=\"_ _1\"/>ds amounted to EU<span class=\"_ _1\"/>R 1<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>0 million (net of transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s<span class=\"_ _7\"/>). O<span class=\"_ _1\"/>n 5 August 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, th<span class=\"_ _1\"/>e existing ancillar<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y outst<span class=\"_ _1\"/>anding amount of EU<span class=\"_ _1\"/>R 18<span class=\"_ _1\"/>.<span class=\"_ _1\"/>7 million was repai<span class=\"_ _1\"/>d using procee<span class=\"_ _1\"/>ds from the e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y raise. Transac<span class=\"_ _1\"/>tion costs f<span class=\"_ _1\"/>or the new te<span class=\"_ _1\"/>rm loan amo<span class=\"_ _1\"/>unted to EU<span class=\"_ _1\"/>R 3.<span class=\"_ _1\"/>7 million. Transac<span class=\"_ _1\"/>tion costs f<span class=\"_ _1\"/>or the ne<span class=\"_ _1\"/>w RCF amounted to E<span class=\"_ _1\"/>UR 3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million. O<span class=\"_ _1\"/>ther professional se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vices fees (<span class=\"_ _1\"/>EUR 2<span class=\"_ _1\"/>.1 million) that did not qualif<span class=\"_ _1\"/>y as transa<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>n costs were recognise<span class=\"_ _1\"/>d in profit and l<span class=\"_ _1\"/>oss and presented in ot<span class=\"_ _1\"/>her exp<span class=\"_ _1\"/>enses.On 2 N<span class=\"_ _1\"/>ovember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, EUR 4<span class=\"_ _1\"/>8<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million of the re<span class=\"_ _1\"/>maining conver<span class=\"_ _1\"/>tible bon<span class=\"_ _1\"/>d was repaid at par value, followi<span class=\"_ _6\"/>ng the exerc<span class=\"_ _6\"/>ise o<span class=\"_ _6\"/>f bond holder\u2019s early redemption<span class=\"_ _6\"/> put option<span class=\"_ _6\"/>s. The set<span class=\"_ _1\"/>tle<span class=\"_ _1\"/>ment gain was EU<span class=\"_ _1\"/>R 1 million.The ref<span class=\"_ _1\"/>inancing qualifi<span class=\"_ _1\"/>es as an ext<span class=\"_ _1\"/>inguishment of debt. T<span class=\"_ _1\"/>he unit of account per<span class=\"_ _1\"/>taine<span class=\"_ _1\"/>d to the ex<span class=\"_ _1\"/>isting term loan<span class=\"_ _1\"/>, ancillar<span class=\"_ _1\"/>y fa<span class=\"_ _1\"/>cility, RCF an<span class=\"_ _1\"/>d the conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds. T<span class=\"_ _1\"/>he existing RC<span class=\"_ _1\"/>F<span class=\"_ _7\"/>, term lo<span class=\"_ _1\"/>an, and ancillar<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y were th<span class=\"_ _1\"/>erefore f<span class=\"_ _1\"/>ully dereco<span class=\"_ _1\"/>gnised. Th<span class=\"_ _1\"/>e existing conver<span class=\"_ _1\"/>tible bon<span class=\"_ _1\"/>ds were par<span class=\"_ _1\"/>tially rep<span class=\"_ _1\"/>aid. The unam<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tised tr<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ion costs (<span class=\"_ _1\"/>EUR 4<span class=\"_ _1\"/>.1 million) were recognise<span class=\"_ _1\"/>d in profit and l<span class=\"_ _1\"/>oss (in finance exp<span class=\"_ _1\"/>enses<span class=\"_ _7\"/>). T<span class=\"_ _1\"/>he repay<span class=\"_ _1\"/>ment considerati<span class=\"_ _1\"/>on with respe<span class=\"_ _1\"/>ct to the conve<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ible bonds w<span class=\"_ _1\"/>as allocated to t<span class=\"_ _1\"/>he debt and e<span class=\"_ _1\"/>quity comp<span class=\"_ _1\"/>onent upo<span class=\"_ _1\"/>n repurcha<span class=\"_ _7\"/>se<span class=\"_ _1\"/>/redemp<span class=\"_ _6\"/>tion. The new senior RCF and<span class=\"_ _6\"/> senior term loa<span class=\"_ _6\"/>n were recogni<span class=\"_ _7\"/>sed initially at fa<span class=\"_ _1\"/>ir value, i.<span class=\"_ _1\"/>e., th<span class=\"_ _1\"/>e consideratio<span class=\"_ _1\"/>n received<span class=\"_ _1\"/>. Subsequent accounting is at amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost in acc<span class=\"_ _7\"/>o<span class=\"_ _1\"/>rdance with the ef<span class=\"_ _1\"/>fe<span class=\"_ _1\"/>ctive inter<span class=\"_ _1\"/>est rate meth<span class=\"_ _1\"/>od. Th<span class=\"_ _1\"/>e repayme<span class=\"_ _1\"/>nt con<span class=\"_ _6\"/>sideration of<span class=\"_ _6\"/> the existin<span class=\"_ _6\"/>g RCF<span class=\"_ _7\"/>, term loan, ancill<span class=\"_ _6\"/>ar<span class=\"_ _1\"/>y facil<span class=\"_ _6\"/>ity and convertible bonds were presente<span class=\"_ _1\"/>d in the statem<span class=\"_ _1\"/>ent of cash flows un<span class=\"_ _1\"/>der financ<span class=\"_ _1\"/>ing acti<span class=\"_ _1\"/>vities<span class=\"_ _1\"/>. T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ion costs paid were pr<span class=\"_ _1\"/>esented in the st<span class=\"_ _1\"/>atement of cash fl<span class=\"_ _1\"/>ows under f<span class=\"_ _1\"/>inancing ac<span class=\"_ _1\"/>tiviti<span class=\"_ _1\"/>es. Refe<span class=\"_ _1\"/>rence is fur<span class=\"_ _1\"/>the<span class=\"_ _1\"/>r made to note finan<span class=\"_ _1\"/>cial liabilities for mo<span class=\"_ _1\"/>re details.The n<span class=\"_ _1\"/>et procee<span class=\"_ _1\"/>ds of the equit<span class=\"_ _1\"/>y raise of E<span class=\"_ _1\"/>UR 11<span class=\"_ _1\"/>4.<span class=\"_ _1\"/>4 million were re<span class=\"_ _1\"/>cognised in equit<span class=\"_ _1\"/>y in th<span class=\"_ _1\"/>e statem<span class=\"_ _1\"/>ent of financial posit<span class=\"_ _1\"/>ion (net of transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) and p<span class=\"_ _1\"/>resented in the s<span class=\"_ _1\"/>tatement of cash flo<span class=\"_ _1\"/>ws under f<span class=\"_ _1\"/>inancing ac<span class=\"_ _1\"/>tiviti<span class=\"_ _1\"/>es. Refer<span class=\"_ _1\"/>ence is made to note total e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y for fur<span class=\"_ _1\"/>the<span class=\"_ _1\"/>r det<span class=\"_ _1\"/>ails<span class=\"_ _1\"/>.6<span class=\"_ _1\"/>. <span class=\"_ _17e\"> </span><span class=\"ff5 fs6 ls1ef ws1f9\">CLIMA<span class=\"_ _7\"/>TE<span class=\"_ _16\"> </span><span class=\"ls37 ws1fa\">RELA<span class=\"_ _7\"/>TED<span class=\"_ _7\"/> MA<span class=\"_ _7\"/>TTERS</span></span>The impa<span class=\"_ _1\"/>ct of climate-relate<span class=\"_ _1\"/>d matter<span class=\"_ _1\"/>s gener<span class=\"_ _1\"/>ates oppo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tunities as well as risks f<span class=\"_ _1\"/>or Fugro. Climate-related o<span class=\"_ _1\"/>ppor<span class=\"_ _1\"/>tuniti<span class=\"_ _1\"/>es, risks an<span class=\"_ _1\"/>d uncer<span class=\"_ _1\"/>tainties and th<span class=\"_ _1\"/>e business impact w<span class=\"_ _1\"/>ere disclosed in th<span class=\"_ _1\"/>e first half of t<span class=\"_ _1\"/>he annual repo<span class=\"_ _1\"/>rt (sec<span class=\"_ _1\"/>tions CE<span class=\"_ _1\"/>O message<span class=\"_ _1\"/>, strate<span class=\"_ _1\"/>gy, risk m<span class=\"_ _6\"/>anagement<span class=\"_ _6\"/> and grou<span class=\"_ _6\"/>p perfor<span class=\"_ _1\"/>manc<span class=\"_ _7\"/>e - environmental).Fugro conclu<span class=\"_ _1\"/>ded the<span class=\"_ _1\"/>re was no direc<span class=\"_ _1\"/>t material f<span class=\"_ _1\"/>inancial impac<span class=\"_ _1\"/>t from climate-relate<span class=\"_ _1\"/>d matte<span class=\"_ _1\"/>rs in the 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 consolidated f<span class=\"_ _1\"/>inancial statem<span class=\"_ _1\"/>ents<span class=\"_ _1\"/>. The assessments p<span class=\"_ _1\"/>er<span class=\"_ _1\"/>forme<span class=\"_ _1\"/>d, judgem<span class=\"_ _1\"/>ents made<span class=\"_ _1\"/>, and time ho<span class=\"_ _1\"/>rizon used to reach t<span class=\"_ _1\"/>his c<span class=\"_ _6\"/>onclusion are discl<span class=\"_ _1\"/>osed in notes 15<span class=\"fc2 ls1b ws24\"> impairment<span class=\"_ _1\"/>s, </span><span class=\"ls13 ws1fb\">19<span class=\"fc2 ls2 ws2\"> prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y plant and equipme<span class=\"_ _1\"/>nt, </span><span class=\"ls164 ws157\">20<span class=\"fc2 ls17b ws1f8\"> leas<span class=\"_ _1\"/>es, </span><span class=\"ls1f4 ws1fc\">21<span class=\"fc2 ls1b ws24\"> intan<span class=\"_ _1\"/>gible asset<span class=\"_ _1\"/>s, </span></span></span></span>30<span class=\"_ _7\"/><span class=\"fc2 ls2 ws2\"> f<span class=\"_ _1\"/>inancial liabilities<span class=\"_ _1\"/>, and <span class=\"fc14\">3<span class=\"_ _1\"/>6</span> commitment<span class=\"_ _1\"/>s not include<span class=\"_ _1\"/>d in the statem<span class=\"_ _1\"/>ent of financial </span>position.15<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls1ef ws47\">IMP<span class=\"_ _6\"/>AIRMENTS OF<span class=\"_ _7\"/> NON<span class=\"_\"> </span><span class=\"lsf7 ws3d\">FINANCIAL ASSETS</span></span>Intangibl<span class=\"_ _1\"/>e assets that have an indef<span class=\"_ _1\"/>inite useful life or intangibl<span class=\"_ _1\"/>e assets not read<span class=\"_ _1\"/>y for use are not subjec<span class=\"_ _1\"/>t to amor<span class=\"_ _1\"/>tisati<span class=\"_ _1\"/>on and are tested a<span class=\"_ _1\"/>nnually for impairme<span class=\"_ _1\"/>nt. Ot<span class=\"_ _1\"/>her non-financial asset<span class=\"_ _1\"/>s that are subjec<span class=\"_ _1\"/>t to depre<span class=\"_ _1\"/>ciation and amo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tisation are rev<span class=\"_ _1\"/>iewed f<span class=\"_ _1\"/>or impairme<span class=\"_ _1\"/>nt whenever eve<span class=\"_ _1\"/>nts or chang<span class=\"_ _1\"/>es in circumstances indicate that th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>ying amount may not b<span class=\"_ _1\"/>e recoverab<span class=\"_ _1\"/>le. The c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unts of the Gr<span class=\"_ _1\"/>oup\u2019s non-<span class=\"_ _6\"/>financial asset<span class=\"_ _1\"/>s other t<span class=\"_ _1\"/>han assets arising from employe<span class=\"_ _1\"/>e benef<span class=\"_ _1\"/>its an<span class=\"_ _1\"/>d deferre<span class=\"_ _1\"/>d tax asset<span class=\"_ _1\"/>s, are re<span class=\"_ _1\"/>viewe<span class=\"_ _1\"/>d at each repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ting date to determ<span class=\"_ _1\"/>ine whethe<span class=\"_ _1\"/>r there is any indicat<span class=\"_ _1\"/>ion of impairment<span class=\"_ _1\"/>. If any such indicati<span class=\"_ _1\"/>on exists<span class=\"_ _1\"/>, then t<span class=\"_ _1\"/>he asset<span class=\"_ _1\"/>\u2019s recoverable am<span class=\"_ _1\"/>ount is estimated. The re<span class=\"_ _1\"/>coverable a<span class=\"_ _1\"/>mount of an asset or cash-gener<span class=\"_ _1\"/>ating unit (C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>) is the higher of it<span class=\"_ _1\"/>s value in use and it<span class=\"_ _1\"/>s fair v<span class=\"_ _1\"/>alue less costs of disposal. I<span class=\"_ _1\"/>n assessi<span class=\"_ _6\"/>ng valu<span class=\"_ _1\"/>e in use, the estimated f<span class=\"_ _1\"/>uture cash fl<span class=\"_ _1\"/>ows are discounted to the<span class=\"_ _1\"/>ir present value using a pre<span class=\"_ _1\"/>-tax discount rate that ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ts curr<span class=\"_ _1\"/>ent market assessments of th<span class=\"_ _1\"/>e time value of mo<span class=\"_ _1\"/>ney and the r<span class=\"_ _1\"/>isks specif<span class=\"_ _1\"/>ic to the asset or cash-ge<span class=\"_ _1\"/>nerat<span class=\"_ _1\"/>ing unit. F<span class=\"_ _1\"/>or the purp<span class=\"_ _1\"/>ose of impairment testing<span class=\"_ _1\"/>, assets that cannot b<span class=\"_ _1\"/>e tested indiv<span class=\"_ _1\"/>idually are group<span class=\"_ _1\"/>ed tog<span class=\"_ _1\"/>ether into the smallest group of assets t<span class=\"_ _1\"/>hat gener<span class=\"_ _1\"/>ates cash inflows f<span class=\"_ _1\"/>rom continuing use that are largel<span class=\"_ _1\"/>y independent o<span class=\"_ _6\"/>f the cas<span class=\"_ _6\"/>h in<span class=\"_ _6\"/>flows of other a<span class=\"_ _6\"/>ssets or cas<span class=\"_ _7\"/>h-gener<span class=\"_ _1\"/>atin<span class=\"_ _6\"/>g unit. The G<span class=\"_ _1\"/>roup\u2019s corpor<span class=\"_ _1\"/>ate assets do not g<span class=\"_ _1\"/>enerate se<span class=\"_ _1\"/>parate cash infl<span class=\"_ _1\"/>ows and are utilised b<span class=\"_ _1\"/>y more than o<span class=\"_ _1\"/>ne cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>. Corpo<span class=\"_ _1\"/>rate assets are all<span class=\"_ _1\"/>ocated to c<span class=\"_ _1\"/>ash<span class=\"_ _6\"/>-gen<span class=\"_ _1\"/>erating units on a r<span class=\"_ _1\"/>easonable and consistent basis and tested fo<span class=\"_ _1\"/>r impairment as par<span class=\"_ _1\"/>t of the testing of th<span class=\"_ _1\"/>e cash gener<span class=\"_ _1\"/>ating units to whic<span class=\"_ _1\"/>h the corpo<span class=\"_ _1\"/>rate asset is allocate<span class=\"_ _1\"/>d.Impairm<span class=\"_ _1\"/>ent losses recognise<span class=\"_ _1\"/>d in prior p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>ds are review<span class=\"_ _1\"/>ed at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date for any indicatio<span class=\"_ _1\"/>ns that the loss has decr<span class=\"_ _1\"/>eased or no lo<span class=\"_ _1\"/>nger exist<span class=\"_ _1\"/>s. A<span class=\"_ _1\"/>n impairment loss is rever<span class=\"_ _1\"/>sed if ther<span class=\"_ _1\"/>e has been a chang<span class=\"_ _1\"/>e in the estimates used to d<span class=\"_ _1\"/>etermine th<span class=\"_ _1\"/>e recover<span class=\"_ _1\"/>able amount<span class=\"_ _1\"/>. An impairme<span class=\"_ _1\"/>nt loss is reverse<span class=\"_ _1\"/>d only to the ex<span class=\"_ _1\"/>tent that th<span class=\"_ _1\"/>e asset<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount do<span class=\"_ _1\"/>es not exceed t<span class=\"_ _1\"/>he carr<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g amount that would have b<span class=\"_ _1\"/>een deter<span class=\"_ _1\"/>mined, n<span class=\"_ _1\"/>et of depreciation or a<span class=\"_ _6\"/>mor<span class=\"_ _1\"/>tisa<span class=\"_ _7\"/>t<span class=\"_ _1\"/>ion, if<span class=\"_ _6\"/> no impai<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ment lo<span class=\"_ _6\"/>ss h<span class=\"_ _6\"/>ad been recognised.Impairm<span class=\"_ _1\"/>ent charges and reve<span class=\"_ _1\"/>rsal pe<span class=\"_ _1\"/>r asset categor<span class=\"_ _1\"/>y ar<span class=\"_ _1\"/>e stated as follo<span class=\"_ _1\"/>ws:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _45\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _11f\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>Impairment <span class=\"_ _122\"> </span><span class=\"ls201 ws20d\">R<span class=\"_ _1\"/>evers<span class=\"_ _1\"/>al<span class=\"_ _21\"> </span><span class=\"lsb3 wsbe\">Net<span class=\"_ _5a\"> </span></span></span>Impairment <span class=\"_ _12e\"> </span><span class=\"ls201 ws20d\">Reve<span class=\"_ _1\"/>rsal<span class=\"_ _21\"> </span><span class=\"lsb3 wsbe\">Net</span></span>Prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equi<span class=\"_ _1\"/>pment<span class=\"_ _1b5\"> </span>1,533<span class=\"_ _84\"> </span>(1<span class=\"_ _1\"/>67)<span class=\"_ _9f\"> </span>1,36<span class=\"_ _1\"/>6<span class=\"_ _7c\"> </span><span class=\"ff8 fc14\">2,7<span class=\"_ _1\"/>79<span class=\"_ _e3\"> </span>(4,753)<span class=\"_ _120\"> </span>(1,974)</span>Right of use asse<span class=\"_ _1\"/>ts-(35)<span class=\"_ _84\"> </span>(3<span class=\"_ _1\"/>5)<span class=\"_ _8e\"> </span><span class=\"ff8 fc14\">931</span>-931Ot<span class=\"_ _1\"/>her intan<span class=\"_ _1\"/>gible asset<span class=\"_ _1\"/>s<span class=\"_ _9f\"> </span><span class=\"ls2 ws2\">1,252</span>-1,252<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">1,6<span class=\"_ _1\"/>62</span>-1,662Ne<span class=\"_ _1\"/>t impa<span class=\"_ _1\"/>irme<span class=\"_ _1\"/>nt loss / (re<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>rs<span class=\"_ _1\"/>al<span class=\"_ _1\"/>)<span class=\"_ _1d9\"> </span>2,785<span class=\"_ _c0\"> </span>(202)<span class=\"_ _e5\"> </span>2,583<span class=\"_ _70\"> </span><span class=\"fc14\">5,372<span class=\"_ _111\"> </span>(4,753)<span class=\"_ _65\"> </span><span class=\"ls1ed ws1f2\">61<span class=\"_ _1\"/>9</span></span>The impair<span class=\"_ _1\"/>ment charge on P<span class=\"_ _1\"/>roper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipme<span class=\"_ _1\"/>nt includes an amount of EU<span class=\"_ _1\"/>R 1.<span class=\"_ _1\"/>3 million for a vesse<span class=\"_ _1\"/>l whose recover<span class=\"_ _1\"/>able amount was b<span class=\"_ _1\"/>elow th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>ying v<span class=\"_ _1\"/>alue and which w<span class=\"_ _1\"/>as sold in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. Furt<span class=\"_ _1\"/>hermo<span class=\"_ _1\"/>re, re<span class=\"_ _1\"/>cognised as impairment charg<span class=\"_ _1\"/>e on Ot<span class=\"_ _1\"/>her intangible asset<span class=\"_ _1\"/>s is EUR 1<span class=\"_ _1\"/>.3 million on<span class=\"_ _6\"/> Explor<span class=\"_ _1\"/>ation a<span class=\"_ _6\"/>nd Evaluation<span class=\"_ _6\"/> (E&amp;<span class=\"_ _1\"/>E) assets followi<span class=\"_ _6\"/>ng an u<span class=\"_ _6\"/>ns<span class=\"_ _6\"/>ucc<span class=\"_ _6\"/>essfu<span class=\"_ _6\"/>l drilling f<span class=\"_ _1\"/>or hydro<span class=\"_ _1\"/>carb<span class=\"_ _1\"/>ons.18<span class=\"_ _1\"/>. <span class=\"_ _ce\"> </span><span class=\"ff5 fs6 ls204 ws2c\">I<span class=\"_ _1\"/>N<span class=\"_ _1\"/>CO<span class=\"_ _1\"/>M<span class=\"_ _1\"/>E<span class=\"_ _1\"/> TA<span class=\"_ _1\"/>X</span>A defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x asset is recognised fo<span class=\"_ _1\"/>r unused tax l<span class=\"_ _1\"/>osses, ta<span class=\"_ _1\"/>x credit<span class=\"_ _1\"/>s and deduc<span class=\"_ _1\"/>tible tempo<span class=\"_ _1\"/>rar<span class=\"_ _1\"/>y dif<span class=\"_ _1\"/>ferences<span class=\"_ _1\"/>, to the ex<span class=\"_ _1\"/>tent that it is probab<span class=\"_ _1\"/>le that future t<span class=\"_ _1\"/>axable p<span class=\"_ _1\"/>rofit<span class=\"_ _1\"/>s will be available ag<span class=\"_ _1\"/>ainst which the asset can b<span class=\"_ _1\"/>e utilised. D<span class=\"_ _1\"/>eferre<span class=\"_ _1\"/>d tax asset<span class=\"_ _1\"/>s are revie<span class=\"_ _1\"/>wed at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date and are re<span class=\"_ _1\"/>duced to the e<span class=\"_ _1\"/>xte<span class=\"_ _1\"/>nt that it is no longer pr<span class=\"_ _1\"/>obable that th<span class=\"_ _1\"/>e related t<span class=\"_ _1\"/>ax be<span class=\"_ _1\"/>nefit will b<span class=\"_ _1\"/>e realised; such redu<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>ns are reverse<span class=\"_ _1\"/>d when th<span class=\"_ _1\"/>e probabilit<span class=\"_ _1\"/>y of future t<span class=\"_ _1\"/>axable prof<span class=\"_ _1\"/>its improvesIn deter<span class=\"_ _1\"/>mining the amount of curr<span class=\"_ _1\"/>ent and defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x the Gro<span class=\"_ _1\"/>up takes into account the impac<span class=\"_ _1\"/>t of uncer<span class=\"_ _1\"/>tain tax p<span class=\"_ _1\"/>ositions and whe<span class=\"_ _1\"/>ther additi<span class=\"_ _1\"/>onal taxes an<span class=\"_ _1\"/>d interest may be due<span class=\"_ _1\"/>. The G<span class=\"_ _1\"/>roup belie<span class=\"_ _1\"/>ves that its accr<span class=\"_ _1\"/>uals for tax liabiliti<span class=\"_ _1\"/>es are adequate f<span class=\"_ _1\"/>or all open t<span class=\"_ _1\"/>ax years based on it<span class=\"_ _1\"/>s assessment of many fac<span class=\"_ _1\"/>tors<span class=\"_ _1\"/>, including interpr<span class=\"_ _1\"/>etations of ta<span class=\"_ _1\"/>x law and pri<span class=\"_ _1\"/>or exp<span class=\"_ _1\"/>erience<span class=\"_ _1\"/>. This assessment relies on estimates an<span class=\"_ _1\"/>d ass<span class=\"_ _6\"/>umptions and may involve a seri<span class=\"_ _1\"/>es of judgement<span class=\"_ _1\"/>s about f<span class=\"_ _1\"/>uture events<span class=\"_ _1\"/>. New infor<span class=\"_ _1\"/>mation may b<span class=\"_ _1\"/>ecome available t<span class=\"_ _1\"/>hat causes the G<span class=\"_ _1\"/>roup to change it<span class=\"_ _1\"/>s judgem<span class=\"_ _1\"/>ent regarding th<span class=\"_ _1\"/>e adequac<span class=\"_ _1\"/>y of exist<span class=\"_ _1\"/>ing tax liabilities; such chang<span class=\"_ _1\"/>es to tax liabiliti<span class=\"_ _1\"/>es will impact t<span class=\"_ _1\"/>ax exp<span class=\"_ _1\"/>ense in the pe<span class=\"_ _1\"/>riod t<span class=\"_ _1\"/>hat such a determina<span class=\"_ _7\"/>t<span class=\"_ _1\"/>ion i<span class=\"_ _6\"/>s made.18<span class=\"_ _1\"/>.<span class=\"_ _1\"/>3 <span class=\"_ _c\"> </span><span class=\"ff2 fs3 lsfa ws106\">Defe<span class=\"_ _1\"/>rred tax asset<span class=\"_ _1\"/>s and liabilities</span>The re<span class=\"_ _1\"/>cognised def<span class=\"_ _1\"/>erred t<span class=\"_ _1\"/>ax assets ar<span class=\"_ _1\"/>e depen<span class=\"_ _1\"/>dent on future t<span class=\"_ _1\"/>axabl<span class=\"_ _1\"/>e profit<span class=\"_ _1\"/>s in excess of profit<span class=\"_ _1\"/>s arising fro<span class=\"_ _1\"/>m the rever<span class=\"_ _1\"/>sal of existing ta<span class=\"_ _1\"/>xable temp<span class=\"_ _1\"/>orar<span class=\"_ _1\"/>y dif<span class=\"_ _1\"/>fere<span class=\"_ _1\"/>nces. The r<span class=\"_ _1\"/>ecognised amount<span class=\"_ _1\"/>s relate to tax gro<span class=\"_ _1\"/>ups that are profit<span class=\"_ _1\"/>able or are ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted to b<span class=\"_ _1\"/>e profitab<span class=\"_ _1\"/>le in the foreseeable future.<span class=\"_ _6\"/> Management\u2019s projections s<span class=\"_ _6\"/>uppor<span class=\"_ _1\"/>t the a<span class=\"_ _6\"/>ss<span class=\"_ _6\"/>umption th<span class=\"_ _6\"/>at it<span class=\"_ _6\"/> is proba<span class=\"_ _6\"/>ble that the result<span class=\"_ _1\"/>s of future op<span class=\"_ _1\"/>eratio<span class=\"_ _1\"/>ns will gener<span class=\"_ _1\"/>ate enough t<span class=\"_ _1\"/>axable incom<span class=\"_ _1\"/>e to utilise these defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x assets. Co<span class=\"_ _1\"/>nsi<span class=\"_ _6\"/>stent with ot<span class=\"_ _1\"/>her areas such as annual goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt testing<span class=\"_ _1\"/>, climate-related mat<span class=\"_ _1\"/>ters we<span class=\"_ _1\"/>re considered in th<span class=\"_ _1\"/>ese projec<span class=\"_ _1\"/>tions<span class=\"_ _1\"/>. These inclu<span class=\"_ _1\"/>de risks as well as oppo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tunities, in<span class=\"_ _1\"/>cluding the anticipate<span class=\"_ _1\"/>d grow<span class=\"_ _1\"/>th in ac<span class=\"_ _1\"/>tiviti<span class=\"_ _1\"/>es inthe re<span class=\"_ _1\"/>newables mar<span class=\"_ _1\"/>ket segme<span class=\"_ _1\"/>nt. 19.<span class=\"_ _1\"/> <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls1c0 ws1cd\">PROPERTY,<span class=\"_ _7\"/> PL<span class=\"_ _1\"/>ANT AND EQUIPM<span class=\"_ _1\"/>ENT</span>L<span class=\"_ _1\"/>ast year<span class=\"_ _6\"/>, Fugro announ<span class=\"_ _1\"/>ced its net ze<span class=\"_ _1\"/>ro carbo<span class=\"_ _1\"/>n emissions commitment by 20<span class=\"_ _1\"/>3<span class=\"_ _1\"/>5 (<span class=\"fc14\">note 36</span>). The mar<span class=\"_ _1\"/>itime sec<span class=\"_ _1\"/>tor will fa<span class=\"_ _1\"/>ce more challenging custo<span class=\"_ _1\"/>mer nee<span class=\"_ _1\"/>ds and tighter re<span class=\"_ _1\"/>gulations with resp<span class=\"_ _1\"/>ect to v<span class=\"_ _1\"/>essel emissions and maritim<span class=\"_ _1\"/>e fuels in the fo<span class=\"_ _1\"/>reseeabl<span class=\"_ _1\"/>e future. I<span class=\"_ _1\"/>t follows that the asset cate<span class=\"_ _1\"/>gor<span class=\"_ _1\"/>y vessels is most ex<span class=\"_ _1\"/>posed to t<span class=\"_ _1\"/>he inherent risk of impairm<span class=\"_ _1\"/>ent from climate-related mat<span class=\"_ _1\"/>ter<span class=\"_ _1\"/>s than the othe<span class=\"_ _1\"/>r categor<span class=\"_ _1\"/>ies. T<span class=\"_ _1\"/>he Group assesse<span class=\"_ _1\"/>d whether t<span class=\"_ _1\"/>hese develo<span class=\"_ _1\"/>pments sho<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ten the curre<span class=\"_ _1\"/>nt estimates of vessel useful lives and tr<span class=\"_ _1\"/>igger s<span class=\"_ _1\"/>o-calle<span class=\"_ _1\"/>d str<span class=\"_ _1\"/>anded asset<span class=\"_ _1\"/>s. No impa<span class=\"_ _1\"/>ct on usef<span class=\"_ _1\"/>ul lives or trig<span class=\"_ _1\"/>gering eve<span class=\"_ _1\"/>nts for impair<span class=\"_ _1\"/>ment were identif<span class=\"_ _1\"/>ied. I<span class=\"_ _1\"/>t is fur<span class=\"_ _1\"/>therm<span class=\"_ _1\"/>ore noted t<span class=\"_ _1\"/>hat Fugro\u2019s vessels are used glob<span class=\"_ _1\"/>ally across all sec<span class=\"_ _1\"/>tors<span class=\"_ _1\"/>, and that time<span class=\"_ _1\"/>ly capital e<span class=\"_ _1\"/>xpendit<span class=\"_ _1\"/>ures will be made w<span class=\"_ _1\"/>ithin the nex<span class=\"_ _1\"/>t de<span class=\"_ _1\"/>cade.21<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls11c ws3e\">INT<span class=\"_ _7\"/>ANGIBLE<span class=\"_ _7\"/> ASSETS<span class=\"_ _6\"/> INCL<span class=\"_ _6\"/>UDING<span class=\"_ _7\"/> GOOD<span class=\"_ _6\"/>WILL</span>Impairme<span class=\"_ _1\"/>nt testing for cash-generating unit<span class=\"_ _1\"/>s containing goodwillThe re<span class=\"_ _1\"/>coverable a<span class=\"_ _1\"/>mounts of the c<span class=\"_ _1\"/>ash-gener<span class=\"_ _1\"/>ating units have b<span class=\"_ _1\"/>een deter<span class=\"_ _1\"/>mined base<span class=\"_ _1\"/>d on value in use cal<span class=\"_ _1\"/>culations. Value in use was dete<span class=\"_ _1\"/>rmined by discounting th<span class=\"_ _1\"/>e expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d future cash flo<span class=\"_ _1\"/>ws from th<span class=\"_ _1\"/>e continuing use of the CGU\u2019s. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Cash f<span class=\"_ _1\"/>lows in the f<span class=\"_ _1\"/>irst year of th<span class=\"_ _1\"/>e forec<span class=\"_ _1\"/>ast are based on manag<span class=\"_ _1\"/>ement<span class=\"_ _1\"/>\u2019s approved financial b<span class=\"_ _1\"/>udget<span class=\"_ _1\"/>. For all CGU<span class=\"_ _1\"/>\u2019s, the 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>3 proje<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ons fac<span class=\"_ _1\"/>tor in, amon<span class=\"_ _1\"/>gst other<span class=\"_ _1\"/>s, already signed contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>ts, e<span class=\"_ _1\"/>xpec<span class=\"_ _1\"/>ted win r<span class=\"_ _1\"/>ates on contra<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s out for bid<span class=\"_ _1\"/>, expe<span class=\"_ _1\"/>cted c<span class=\"_ _1\"/>rew and vessel utili<span class=\"_ _7\"/>sation rates and/<span class=\"_ _6\"/>or indu<span class=\"_ _6\"/>str<span class=\"_ _1\"/>y developmen<span class=\"_ _6\"/>ts. Cash flows for the C<span class=\"_ _7\"/>G<span class=\"_ _1\"/>U\u2019s beyond one year are ex<span class=\"_ _1\"/>tr<span class=\"_ _1\"/>apolated using an est<span class=\"_ _1\"/>imated grow<span class=\"_ _1\"/>th rate b<span class=\"_ _1\"/>ased on exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted market develo<span class=\"_ _1\"/>pments<span class=\"_ _1\"/>, taking into account str<span class=\"_ _1\"/>ategic plans of the comp<span class=\"_ _1\"/>any and current market condi<span class=\"_ _6\"/>tions. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Cash f<span class=\"_ _1\"/>lows for t<span class=\"_ _1\"/>he C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>\u2019s beyond f<span class=\"_ _1\"/>ive years ar<span class=\"_ _1\"/>e ext<span class=\"_ _1\"/>rapo<span class=\"_ _1\"/>lated using an estimated long-term gr<span class=\"_ _1\"/>owt<span class=\"_ _1\"/>h rate of 2<span class=\"_ _1\"/>.1% (20<span class=\"_ _1\"/>21: 0<span class=\"_ _1\"/>.<span class=\"_ _1\"/>0%). For t<span class=\"_ _1\"/>he C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>\u2019s the grow<span class=\"_ _1\"/>th r<span class=\"_ _1\"/>ates are based on an analysis of the l<span class=\"_ _1\"/>ong-term market pr<span class=\"_ _1\"/>ice trends in rele<span class=\"_ _1\"/>vant industries a<span class=\"_ _1\"/>djusted for actual experience. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Any est<span class=\"_ _1\"/>imated future cash inf<span class=\"_ _1\"/>lows / out<span class=\"_ _1\"/>flo<span class=\"_ _1\"/>ws expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d to arise from f<span class=\"_ _1\"/>uture restr<span class=\"_ _1\"/>uctur<span class=\"_ _1\"/>ing, if any, are exclude<span class=\"_ _1\"/>d from the c<span class=\"_ _1\"/>alculations, unle<span class=\"_ _1\"/>ss already commit<span class=\"_ _1\"/>ted to. This also applies to a larg<span class=\"_ _1\"/>e exte<span class=\"_ _1\"/>nt to transformat<span class=\"_ _1\"/>ion capit<span class=\"_ _1\"/>al expen<span class=\"_ _1\"/>ditures and the resulting impac<span class=\"_ _1\"/>t on cash inflow<span class=\"_ _1\"/>s.  <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>The pr<span class=\"_ _1\"/>e-tax discount rate used to discount the p<span class=\"_ _1\"/>re-tax cash f<span class=\"_ _1\"/>lows for imp<span class=\"_ _1\"/>airment testing pur<span class=\"_ _1\"/>poses is determin<span class=\"_ _1\"/>ed throu<span class=\"_ _1\"/>gh an iterative c<span class=\"_ _1\"/>alculation using the pr<span class=\"_ _1\"/>ojec<span class=\"_ _1\"/>ted post-tax cash fl<span class=\"_ _1\"/>ows, ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted t<span class=\"_ _1\"/>ax rate for t<span class=\"_ _1\"/>he respe<span class=\"_ _1\"/>ctive c<span class=\"_ _1\"/>ash gener<span class=\"_ _1\"/>ating units and a post-tax discount rate for th<span class=\"_ _1\"/>e Group.The key assumptions use<span class=\"_ _1\"/>d in the annual goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt test at the 3<span class=\"_ _1\"/>0 Septemb<span class=\"_ _1\"/>er measurement date we<span class=\"_ _1\"/>re as follows:Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th ra<span class=\"_ _1\"/>te  Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th ra<span class=\"_ _1\"/>te  Pre-tax <span class=\"ls2 ws2\"> </span>Long-term <span class=\"ls2 ws2\"> </span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)first yearlong-term discount<span class=\"_ _6\"/> rate E<span class=\"_ _1\"/>BI<span class=\"_ _1\"/>T marg<span class=\"_ _1\"/>in %2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span>Europe-Afr<span class=\"_ _1\"/>ica<span class=\"_ _17a\"> </span><span class=\"ff8 ls2 ws2\">13.1<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span><span class=\"ff4 fc14\">9.3<span class=\"_ _0\"/>%<span class=\"_ _e5\"> </span></span><span class=\"ls1df ws1e5\">2<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"ff4 fc14\">0.0<span class=\"_ _0\"/>%<span class=\"_ _145\"> </span></span>11.7<span class=\"_ _0\"/>%<span class=\"_ _13\"> </span><span class=\"ff4 fc14\">9.9<span class=\"_ _0\"/>%<span class=\"_ _e4\"> </span></span>10.1<span class=\"_ _1\"/>%<span class=\"_ _e4\"> </span><span class=\"ff4 fc14\">10.1<span class=\"_ _1\"/>%</span></span>Americas<span class=\"_ _7c\"> </span><span class=\"ff8 ls2 ws2\">10.3<span class=\"_ _0\"/>%<span class=\"_ _111\"> </span></span>5<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _a0\"> </span><span class=\"ff8 fc2\">2.1<span class=\"_ _4\"/>%<span class=\"_ _13\"> </span></span>0.0<span class=\"_ _1\"/>%<span class=\"_ _e4\"> </span><span class=\"ff8 fc2\">11.9<span class=\"_ _0\"/>%<span class=\"_ _13\"> </span></span>9.8<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span><span class=\"ff8 fc2\">9.9<span class=\"_ _0\"/>%<span class=\"_ _120\"> </span></span><span class=\"ls1fd ws20a\">7.<span class=\"_ _0\"/>3<span class=\"_ _4\"> </span>%</span>A<span class=\"_ _1\"/>sia Pac<span class=\"_ _1\"/>ific<span class=\"_ _c0\"> </span><span class=\"ff8 ls1fd ws20a\">2<span class=\"_ _0\"/>7.<span class=\"_ _0\"/>7<span class=\"_ _4\"> </span>%<span class=\"_ _17f\"> </span></span><span class=\"fc14 ls2 ws2\">(1.9<span class=\"_ _1\"/>%)<span class=\"_ _111\"> </span></span><span class=\"ff8 ls1df ws1e5\">2<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"fc14 ls2 ws2\">0.0<span class=\"_ _1\"/>%<span class=\"_ _145\"> </span><span class=\"ff8 fc2\">11.6<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span></span>9.5<span class=\"_ _0\"/>%<span class=\"_ _e5\"> </span></span><span class=\"ff8 ls1df ws1e5\">8.1<span class=\"_ _0\"/>%<span class=\"_ _36\"> </span></span><span class=\"fc14 ls2 ws2\">6.0<span class=\"_ _1\"/>%</span>Middl<span class=\"_ _1\"/>e East &amp; India<span class=\"_ _12a\"> </span>15.1<span class=\"_ _1\"/>%<span class=\"_ _35\"> </span><span class=\"ff4 fc14\">28.6<span class=\"_ _1\"/>%<span class=\"_ _111\"> </span></span><span class=\"ls1df ws1e5\">2.1<span class=\"_ _4\"> </span>%<span class=\"_ _13\"> </span></span><span class=\"ff4 fc14\">0.0<span class=\"_ _1\"/>%<span class=\"_ _9\"> </span></span>12.9<span class=\"_ _1\"/>%<span class=\"_ _15\"> </span><span class=\"ff4 fc14\">10.9<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"ls1e1 ws1e7\">9.4<span class=\"_ _0\"/>%<span class=\"_ _111\"> </span></span><span class=\"fc14 ls1df ws1e5\">9<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%</span>Climate-related mat<span class=\"_ _1\"/>ter<span class=\"_ _1\"/>s were ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ted in thes<span class=\"_ _1\"/>e ass<span class=\"_ _6\"/>umptions as follo<span class=\"_ _1\"/>ws: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Assumpti<span class=\"_ _1\"/>ons on market devel<span class=\"_ _1\"/>opment<span class=\"_ _1\"/>s for the market s<span class=\"_ _1\"/>egment<span class=\"_ _1\"/>s in which Fugro ope<span class=\"_ _1\"/>rates, inclu<span class=\"_ _1\"/>ding high grow<span class=\"_ _1\"/>th in the re<span class=\"_ _1\"/>newabl<span class=\"_ _1\"/>es market segme<span class=\"_ _1\"/>nt compared to in par<span class=\"_ _1\"/>ticular oil and g<span class=\"_ _1\"/>as. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Capit<span class=\"_ _1\"/>al expe<span class=\"_ _1\"/>nditures to dec<span class=\"_ _1\"/>arbonise t<span class=\"_ _1\"/>he vessel f<span class=\"_ _1\"/>leet by 2<span class=\"_ _1\"/>03<span class=\"_ _1\"/>5<span class=\"_ _1\"/>, howeve<span class=\"_ _1\"/>r only insofar these qualif<span class=\"_ _1\"/>y fo<span class=\"_ _1\"/>r inclusion in the valu<span class=\"_ _1\"/>e in use calculation. C<span class=\"_ _1\"/>apital ex<span class=\"_ _1\"/>penditur<span class=\"_ _1\"/>es that improve the ve<span class=\"_ _1\"/>ssel\u2019s per<span class=\"_ _1\"/>forman<span class=\"_ _1\"/>ce are excluded in v<span class=\"_ _1\"/>alue in use calculations<span class=\"_ _1\"/>. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>T<span class=\"_ _6\"/>erminal v<span class=\"_ _1\"/>alue grow<span class=\"_ _1\"/>th rates are c<span class=\"_ _1\"/>apped at t<span class=\"_ _1\"/>he risk<span class=\"_ _6\"/>-free r<span class=\"_ _1\"/>ate. No fur<span class=\"_ _1\"/>th<span class=\"_ _1\"/>er adjustment in long ter<span class=\"_ _1\"/>m grow<span class=\"_ _1\"/>th rates f<span class=\"_ _1\"/>or the ene<span class=\"_ _1\"/>rgy tra<span class=\"_ _1\"/>nsition from th<span class=\"_ _1\"/>e fossil fuel se<span class=\"_ _1\"/>ctor to th<span class=\"_ _1\"/>e renewable energy sector was deemed necessa<span class=\"_ _6\"/>r<span class=\"_ _1\"/>y and there<span class=\"_ _6\"/>fore not c<span class=\"_ _6\"/>ons<span class=\"_ _6\"/>idered to ha<span class=\"_ _6\"/>ve a material impa<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>.The inc<span class=\"_ _1\"/>rease in discount rate from 2<span class=\"_ _1\"/>021 to 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 is mainly drive<span class=\"_ _1\"/>n by a higher equit<span class=\"_ _1\"/>y mar<span class=\"_ _1\"/>ket risk premium and r<span class=\"_ _1\"/>isk<span class=\"_ _7\"/>-fre<span class=\"_ _1\"/>e rate.The g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill sensitivit<span class=\"_ _1\"/>y analysis of each CGU as at the me<span class=\"_ _1\"/>as<span class=\"_ _6\"/>urement date w<span class=\"_ _1\"/>as as follows:Cha<span class=\"_ _1\"/>nge r<span class=\"_ _1\"/>equ<span class=\"_ _1\"/>ire<span class=\"_ _1\"/>d in eac<span class=\"_ _1\"/>h key ass<span class=\"_ _1\"/>ump<span class=\"_ _1\"/>tion  (E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)fo<span class=\"_ _1\"/>r head<span class=\"_ _1\"/>roo<span class=\"_ _1\"/>m to eq<span class=\"_ _1\"/>ual ze<span class=\"_ _1\"/>roGr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th Pre-tax Long-term  ra<span class=\"_ _1\"/>te ra<span class=\"_ _1\"/>te  discount EBITHeadroo<span class=\"_ _1\"/>mfirst yearlong-termratemar<span class=\"_ _1\"/>gin %Europe-Afr<span class=\"_ _1\"/>ica<span class=\"_ _1d8\"> </span><span class=\"ls2 ws2\">49<span class=\"_ _1\"/>4,<span class=\"_ _6\"/>406<span class=\"_ _145\"> </span>(33.0<span class=\"_ _1\"/>%)<span class=\"_ _175\"> </span>(10,4<span class=\"_ _1\"/>%)<span class=\"_ _d0\"> </span><span class=\"ls1fd ws20a\">7.<span class=\"_ _0\"/>8<span class=\"_ _4\"> </span>%<span class=\"_ _a0\"> </span></span>(11.6<span class=\"_ _1\"/>%)</span>Americas<span class=\"_ _238\"> </span><span class=\"ls2 ws2\">331,272<span class=\"_ _f3\"> </span>(38.7<span class=\"_ _0\"/>%)<span class=\"_ _175\"> </span>(16.3<span class=\"_ _0\"/>%)<span class=\"_ _17c\"> </span>11.<span class=\"_ _6\"/>1<span class=\"_ _1\"/>%<span class=\"_ _e3\"> </span>(9.8<span class=\"_ _0\"/>%)</span>A<span class=\"_ _1\"/>sia Pac<span class=\"_ _1\"/>ific<span class=\"_ _a4\"> </span><span class=\"ls2 ws2\">136,939<span class=\"_ _145\"> </span>(24.6<span class=\"_ _1\"/>%)<span class=\"_ _120\"> </span>(5.7<span class=\"_ _0\"/>%)<span class=\"_ _17c\"> </span>4.7<span class=\"_ _0\"/>%<span class=\"_ _9f\"> </span>(5.8<span class=\"_ _0\"/>%)</span>Middl<span class=\"_ _1\"/>e East &amp; India<span class=\"_ _1f8\"> </span>57<span class=\"_ _3\"/>,944<span class=\"_ _120\"> </span>(17<span class=\"_ _7\"/>.8<span class=\"_ _0\"/>%)<span class=\"_ _10b\"> </span>(3.6<span class=\"_ _1\"/>%)<span class=\"_ _39\"> </span>3<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _39\"> </span><span class=\"ls1fd ws20a\">(<span class=\"_ _0\"/>7.<span class=\"_ _1\"/>4<span class=\"_ _4\"> </span>%<span class=\"_ _0\"/>)</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1\"/> <span class=\"_ _1fd\"> </span><span class=\"ls2 ws2\">1,020,5<span class=\"_ _1\"/>61</span>T<span class=\"_ _6\"/>otal hea<span class=\"_ _1\"/>droom incre<span class=\"_ _1\"/>ased significa<span class=\"_ _1\"/>ntly from EU<span class=\"_ _1\"/>R 619 million in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1 to EUR 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>21 million in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2. T<span class=\"_ _1\"/>he changes be<span class=\"_ _1\"/>yond those in th<span class=\"_ _1\"/>e above tabl<span class=\"_ _1\"/>e to ass<span class=\"_ _6\"/>umptions used in t<span class=\"_ _1\"/>he goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt test would, in isolati<span class=\"_ _1\"/>on, lead to an imp<span class=\"_ _1\"/>airment loss be<span class=\"_ _1\"/>ing recognise<span class=\"_ _1\"/>d.2<span class=\"_ _1\"/>5<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls11f ws3b\">TR<span class=\"_ _0\"/>AD<span class=\"_ _1\"/>E A<span class=\"_ _1\"/>ND O<span class=\"_ _1\"/>TH<span class=\"_ _1\"/>E<span class=\"_ _1\"/>R R<span class=\"_ _1\"/>E<span class=\"_ _1\"/>CE<span class=\"_ _1\"/>I<span class=\"_ _1\"/>VAB<span class=\"_ _1\"/>LE<span class=\"_ _1\"/>S</span>The G<span class=\"_ _1\"/>roup applies th<span class=\"_ _1\"/>e Exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted Cre<span class=\"_ _1\"/>dit Loss (E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>) model<span class=\"_ _1\"/>. For tr<span class=\"_ _1\"/>ade re<span class=\"_ _1\"/>ceivables an<span class=\"_ _1\"/>d unbilled re<span class=\"_ _1\"/>venue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s, th<span class=\"_ _1\"/>e Group appli<span class=\"_ _1\"/>es a simplified app<span class=\"_ _1\"/>roach in calculating E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>s. Th<span class=\"_ _1\"/>erefore<span class=\"_ _1\"/>, the Gro<span class=\"_ _1\"/>up does not tr<span class=\"_ _1\"/>ack chang<span class=\"_ _1\"/>es in credit risk<span class=\"_ _1\"/>, but instead recognises a l<span class=\"_ _1\"/>oss allowance based o<span class=\"_ _1\"/>n lifetime EC<span class=\"_ _1\"/>Ls at ea<span class=\"_ _1\"/>ch repo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ing date. Refer to <span class=\"fc14\">note </span>34.2<span class=\"fc2 ls2 ws2\"> Credit risk for de<span class=\"_ _1\"/>tails on how the G<span class=\"_ _1\"/>roup applies t<span class=\"_ _1\"/>he ECL m<span class=\"_ _1\"/>odel.</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade receivables<span class=\"_ _23f\"> </span><span class=\"ls2 ws2\">291,207<span class=\"_ _2b\"> </span><span class=\"ff8 fc14\">24<span class=\"_ _1\"/>0,035</span></span>Unbilled rev<span class=\"_ _6\"/>enue on (<span class=\"_ _7\"/>completed) projects<span class=\"_ _238\"> </span><span class=\"ls2 ws2\">216,744<span class=\"_ _f9\"> </span><span class=\"ff8 fc14\">186,002</span></span>Prepayments<span class=\"_ _240\"> </span><span class=\"ls2 ws2\">28,882<span class=\"_ _6e\"> </span><span class=\"ff8 fc14\">29,7<span class=\"_ _1\"/>16</span></span>VA<span class=\"_ _6\"/>T and oth<span class=\"_ _1\"/>er tax r<span class=\"_ _1\"/>eceiv<span class=\"_ _1\"/>ables<span class=\"_ _233\"> </span>3<span class=\"_ _1\"/>0,563<span class=\"_ _20\"> </span><span class=\"ff8 fc14\">17<span class=\"_ _7\"/>,927</span>Other receivables <span class=\"_ _1c1\"> </span><span class=\"ls2 ws2\">36,079<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">39,140</span></span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _204\"> </span>6<span class=\"_ _1\"/>03,475<span class=\"_ _17b\"> </span><span class=\"fc14\">512,820</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade receivable<span class=\"_ _6\"/>s are s<span class=\"_ _6\"/>hown net of<span class=\"_ _6\"/> impai<span class=\"_ _6\"/>rment los<span class=\"_ _6\"/>ses (<span class=\"_ _7\"/>see below) aris<span class=\"_ _6\"/>ing from iden<span class=\"_ _7\"/>tif<span class=\"_ _1\"/>ied doubt<span class=\"_ _1\"/>ful receiv<span class=\"_ _1\"/>ables fro<span class=\"_ _1\"/>m customers as we<span class=\"_ _1\"/>ll as expec<span class=\"_ _1\"/>ted cre<span class=\"_ _1\"/>dit losses. O<span class=\"_ _1\"/>ther re<span class=\"_ _1\"/>ceivabl<span class=\"_ _1\"/>es include s<span class=\"_ _7\"/>hor<span class=\"_ _1\"/>t-<span class=\"_ _7\"/>term deposits and curren<span class=\"_ _6\"/>t por<span class=\"_ _1\"/>tion of<span class=\"_ _6\"/> long-<span class=\"_ _6\"/>term receivables wi<span class=\"_ _6\"/>th an impairme<span class=\"_ _1\"/>nt loss of EUR 5<span class=\"_ _1\"/>24 thousand re<span class=\"_ _1\"/>cognised in the year (<span class=\"_ _1\"/>202<span class=\"_ _1\"/>1: nil<span class=\"_ _1\"/>). Impairm<span class=\"_ _1\"/>ent lossesT<span class=\"_ _6\"/>rade r<span class=\"_ _1\"/>eceivab<span class=\"_ _1\"/>les were impaire<span class=\"_ _1\"/>d taking into account the f<span class=\"_ _1\"/>inancial positio<span class=\"_ _1\"/>n of the debtor<span class=\"_ _1\"/>s, the days o<span class=\"_ _1\"/>utstan<span class=\"_ _1\"/>ding, the ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted outcome of n<span class=\"_ _1\"/>egotiat<span class=\"_ _1\"/>ions and legal p<span class=\"_ _1\"/>roceedin<span class=\"_ _1\"/>gs against debtor<span class=\"_ _1\"/>s and probab<span class=\"_ _1\"/>ilities of default<span class=\"_ _1\"/>. Unbilled r<span class=\"_ _1\"/>evenue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) p<span class=\"_ _1\"/>rojec<span class=\"_ _1\"/>ts does n<span class=\"_ _1\"/>ot include (material<span class=\"_ _1\"/>) impairment losses whi<span class=\"_ _1\"/>ch is simi<span class=\"_ _6\"/>lar to previ<span class=\"_ _1\"/>ous year<span class=\"_ _7\"/>. T<span class=\"_ _1\"/>he age<span class=\"_ _1\"/>ing of tra<span class=\"_ _1\"/>de receiv<span class=\"_ _1\"/>ables and unbille<span class=\"_ _1\"/>d revenue on (completed<span class=\"_ _1\"/>) contrac<span class=\"_ _1\"/>ts at t<span class=\"_ _1\"/>he repo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ing date is a<span class=\"_ _6\"/>s follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _241\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022</span>Estimated total gros<span class=\"_ _6\"/>s car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g Expected amount at Expectedcre<span class=\"_ _1\"/>dit l<span class=\"_ _1\"/>oss Statusdefaultcredit lossra<span class=\"_ _1\"/>te %Past du<span class=\"_ _1\"/>e for 0 to 3<span class=\"_ _1\"/>0 days<span class=\"_ _47\"> </span><span class=\"ls4c ws53\">Fully perfor<span class=\"_ _1\"/>ming<span class=\"_ _12a\"> </span></span>4<span class=\"_ _1\"/>03,381<span class=\"_ _231\"> </span>292<span class=\"_ _ae\"> </span>0.07Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 31 to 6<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _da\"> </span><span class=\"ls2 ws2\">53,261<span class=\"_ _e0\"> </span>480<span class=\"_ _d1\"> </span>0.90</span>Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 61 to 9<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _1f8\"> </span><span class=\"ls2 ws2\">18,243<span class=\"_ _a3\"> </span><span class=\"ls43 ws4b\">86<span class=\"_ _8e\"> </span></span>0.47</span>Past du<span class=\"_ _1\"/>e for over 9<span class=\"_ _1\"/>0 days<span class=\"_ _17f\"> </span><span class=\"ls7a ws7f\">(Mater<span class=\"_ _1\"/>ially) impaire<span class=\"_ _1\"/>d<span class=\"_ _231\"> </span></span>33,559<span class=\"_ _22\"> </span>13,565<span class=\"_ _5d\"> </span>40.42Retention<span class=\"_ _6\"/>s and s<span class=\"_ _6\"/>pecial item<span class=\"_ _6\"/>s<span class=\"_ _238\"> </span><span class=\"ls2 ws2\">14,498<span class=\"_ _df\"> </span><span class=\"ls43 ws4b\">568<span class=\"_ _ae\"> </span></span>3.92</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _23a\"> </span>522,942<span class=\"_ _22\"> </span>14,991(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _184\"> </span><span class=\"ff7 fs3 ls1dc ws1e2\">2021</span>Estimated total gros<span class=\"_ _6\"/>s car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g Expected amount at Expectedcre<span class=\"_ _1\"/>dit l<span class=\"_ _1\"/>oss Statusdefaultcredit lossra<span class=\"_ _1\"/>te %Past du<span class=\"_ _1\"/>e for 0 to 3<span class=\"_ _1\"/>0 days<span class=\"_ _47\"> </span><span class=\"ls4c ws53\">Fully perfor<span class=\"_ _1\"/>ming<span class=\"_ _129\"> </span></span><span class=\"ff8 fc14\">353,829<span class=\"_ _e1\"> </span><span class=\"ls43 ws4b\">95<span class=\"_ _d1\"> </span></span>0.03</span>Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 31 to 6<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _41\"> </span><span class=\"ff8 fc14 ls2 ws2\">34,28<span class=\"_ _1\"/>6<span class=\"_ _e0\"> </span>998<span class=\"_ _df\"> </span>2.91</span>Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 61 to 9<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _1d2\"> </span><span class=\"ff8 fc14 ls2 ws2\">8,96<span class=\"_ _1\"/>8<span class=\"_ _b2\"> </span>552<span class=\"_ _df\"> </span><span class=\"ls1df ws1e5\">6<span class=\"_ _1\"/>.1<span class=\"_ _1\"/>6</span></span>Past du<span class=\"_ _1\"/>e for over 9<span class=\"_ _1\"/>0 days<span class=\"_ _17f\"> </span><span class=\"ls7a ws7f\">(Mater<span class=\"_ _1\"/>ially) impaire<span class=\"_ _1\"/>d<span class=\"_ _b1\"> </span></span><span class=\"ff8 fc14\">35,<span class=\"_ _1\"/>281<span class=\"_ _73\"> </span>13,7<span class=\"_ _1\"/>11<span class=\"_ _1c9\"> </span>38.86</span>Retention<span class=\"_ _6\"/>s and s<span class=\"_ _6\"/>pecial item<span class=\"_ _6\"/>s<span class=\"_ _242\"> </span><span class=\"ff8 fc14 ls2 ws2\">9,<span class=\"_ _6\"/>111<span class=\"_ _e1\"> </span><span class=\"ls87 ws3b\">82<span class=\"_ _d1\"> </span></span>0.90</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _243\"> </span><span class=\"fc14\">441,475<span class=\"_ _84\"> </span>15,438</span>The m<span class=\"_ _1\"/>ovement in the allo<span class=\"_ _1\"/>wance for impairm<span class=\"_ _1\"/>ent in respec<span class=\"_ _1\"/>t of tra<span class=\"_ _1\"/>de receiv<span class=\"_ _1\"/>ables and unbilled re<span class=\"_ _1\"/>venue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s during th<span class=\"_ _1\"/>e year was as follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y<span class=\"_ _244\"> </span><span class=\"ff4 fs6 ls2\">15,438<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">16,835</span></span>Impairme<span class=\"_ _1\"/>nt loss recognised<span class=\"_ _1f0\"> </span><span class=\"ls2 ws2\">2,918<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">4,<span class=\"_ _6\"/>144</span></span>Impairment<span class=\"_ _6\"/> loss rev<span class=\"_ _6\"/>ersed<span class=\"_ _23e\"> </span><span class=\"ls2 ws2\">(2,003)<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">(1,8<span class=\"_ _1\"/>61)</span></span>Write-<span class=\"_ _1\"/>off<span class=\"_ _245\"> </span><span class=\"ls2 ws2\">(1,972)<span class=\"_ _9b\"> </span><span class=\"ff8 fc14\">(4,767)</span></span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of moveme<span class=\"_ _1\"/>nts in exchan<span class=\"_ _1\"/>ge rates<span class=\"_ _246\"> </span><span class=\"ls1ed ws1f2\">610<span class=\"_ _89\"> </span></span><span class=\"ff8 fc14\">1,087</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _bd\"> </span>14,991<span class=\"_ _84\"> </span><span class=\"fc14\">15,438</span>The allowanc<span class=\"_ _6\"/>e acc<span class=\"_ _7\"/>ount with res<span class=\"_ _6\"/>pec<span class=\"_ _1\"/>t to<span class=\"_ _6\"/> trade receivables and u<span class=\"_ _6\"/>nbil<span class=\"_ _6\"/>led revenue on (<span class=\"_ _6\"/>completed<span class=\"_ _1\"/>) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s are used to re<span class=\"_ _1\"/>cord impairment losses unless t<span class=\"_ _1\"/>he Group is satisfi<span class=\"_ _1\"/>ed that no re<span class=\"_ _1\"/>cover<span class=\"_ _1\"/>y of the amount owin<span class=\"_ _1\"/>g is possible. At that p<span class=\"_ _1\"/>oint the amount considere<span class=\"_ _1\"/>d irre<span class=\"_ _1\"/>coverable is wri<span class=\"_ _1\"/>tten of<span class=\"_ _1\"/>f direc<span class=\"_ _1\"/>tly against th<span class=\"_ _1\"/>e allowance. T<span class=\"_ _1\"/>he changes in th<span class=\"_ _1\"/>e aforeme<span class=\"_ _1\"/>ntione<span class=\"_ _1\"/>d balances contributed to chan<span class=\"_ _1\"/>ges in the loss allow<span class=\"_ _1\"/>ance. Consistent with prio<span class=\"_ _1\"/>r year<span class=\"_ _6\"/>, there ar<span class=\"_ _1\"/>e no material tr<span class=\"_ _1\"/>ade recei<span class=\"_ _1\"/>vables whi<span class=\"_ _1\"/>ch were writ<span class=\"_ _1\"/>ten of<span class=\"_ _1\"/>f during 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 and which are<span class=\"_ _6\"/> still s<span class=\"_ _7\"/>ubjec<span class=\"_ _1\"/>t to<span class=\"_ _6\"/> enforc<span class=\"_ _6\"/>ement activity.31<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls37 ws1fa\">EMP<span class=\"_ _7\"/>LO<span class=\"_ _7\"/>YEE<span class=\"_ _7\"/> BENEFIT<span class=\"_ _7\"/>S</span>Ac<span class=\"_ _1\"/>tuarial gains and losses ar<span class=\"_ _1\"/>ising from exp<span class=\"_ _1\"/>erien<span class=\"_ _1\"/>ce adjustments and c<span class=\"_ _1\"/>hanges in ac<span class=\"_ _1\"/>tuarial assumptions are charge<span class=\"_ _1\"/>d or credite<span class=\"_ _1\"/>d to equit<span class=\"_ _1\"/>y in other compr<span class=\"_ _1\"/>ehensive income in the per<span class=\"_ _1\"/>iod in which t<span class=\"_ _1\"/>hey arise. P<span class=\"_ _1\"/>ast<span class=\"_ _6\"/>-ser<span class=\"_ _1\"/>vice costs are re<span class=\"_ _1\"/>cognised imme<span class=\"_ _1\"/>diately in profit o<span class=\"_ _1\"/>r loss. Employee c<span class=\"_ _7\"/>ontributions for wh<span class=\"_ _6\"/>ich the amou<span class=\"_ _6\"/>nt i<span class=\"_ _6\"/>s independent o<span class=\"_ _6\"/>f the nu<span class=\"_ _6\"/>mber of years of se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vice are recognise<span class=\"_ _1\"/>d as a reduc<span class=\"_ _1\"/>tion of th<span class=\"_ _1\"/>e ser<span class=\"_ _1\"/>vice costs in th<span class=\"_ _1\"/>e peri<span class=\"_ _1\"/>od in which the re<span class=\"_ _1\"/>lated ser<span class=\"_ _1\"/>vices are re<span class=\"_ _1\"/>ndere<span class=\"_ _1\"/>d.Actuar<span class=\"_ _1\"/>ial assumptionsPrinc<span class=\"_ _1\"/>ipal actuar<span class=\"_ _1\"/>ial assumptions at the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date (<span class=\"_ _6\"/>express<span class=\"_ _1\"/>ed as a range of w<span class=\"_ _1\"/>eighted averag<span class=\"_ _1\"/>es<span class=\"_ _7\"/>):2022<span class=\"_ _9a\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span>UK<span class=\"_ _58\"> </span><span class=\"ls12b ws13a\">Nethe<span class=\"_ _1\"/>rlands<span class=\"_ _1b\"> </span></span>UK<span class=\"_ _178\"> </span><span class=\"ls12b ws13a\">Netherlan<span class=\"_ _1\"/>ds</span>Discount rate at 31 D<span class=\"_ _1\"/>ecemb<span class=\"_ _1\"/>er<span class=\"_ _116\"> </span>4.85<span class=\"_ _1\"/>%<span class=\"_ _84\"> </span>3.60<span class=\"_ _1\"/>%<span class=\"_ _21\"> </span>1.93<span class=\"_ _1\"/>%<span class=\"_ _5d\"> </span>1.<span class=\"_ _7\"/>10<span class=\"_ _0\"/>%Future salar<span class=\"_ _1\"/>y increases<span class=\"_ _280\"> </span>0.0<span class=\"_ _1\"/>%<span class=\"_ _70\"> </span>0.0<span class=\"_ _1\"/>%<span class=\"_ _7c\"> </span>0.0<span class=\"_ _0\"/>%<span class=\"_ _7c\"> </span>0.0<span class=\"_ _0\"/>%Future pen<span class=\"_ _6\"/>sion inc<span class=\"_ _6\"/>reases<span class=\"_ _dd\"> </span>1.54<span class=\"_ _1\"/>%<span class=\"_ _70\"> </span>0.0<span class=\"_ _1\"/>%<span class=\"_ _5d\"> </span>1.51<span class=\"_ _0\"/>%<span class=\"_ _7c\"> </span>0.0<span class=\"_ _1\"/>%The f<span class=\"_ _1\"/>inancial ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of dif<span class=\"_ _1\"/>ferences be<span class=\"_ _1\"/>twe<span class=\"_ _1\"/>en the ac<span class=\"_ _1\"/>tuarial assumptions an<span class=\"_ _1\"/>d actuals fo<span class=\"_ _1\"/>r the pension liab<span class=\"_ _1\"/>ility and p<span class=\"_ _1\"/>lan assets are includ<span class=\"_ _1\"/>ed in the rem<span class=\"_ _1\"/>easurements<span class=\"_ _1\"/>. For t<span class=\"_ _1\"/>he Neth<span class=\"_ _1\"/>erlandslife exp<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>anc<span class=\"_ _1\"/>y assumptions are derive<span class=\"_ _1\"/>d from th<span class=\"_ _1\"/>e Projec<span class=\"_ _1\"/>tio<span class=\"_ _1\"/>ns Life T<span class=\"_ _6\"/>able AG2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 from t<span class=\"_ _1\"/>he Royal D<span class=\"_ _1\"/>utch Ac<span class=\"_ _1\"/>tuarial A<span class=\"_ _1\"/>ssociati<span class=\"_ _1\"/>on. Th<span class=\"_ _1\"/>e mor<span class=\"_ _1\"/>talit<span class=\"_ _1\"/>y table is adjuste<span class=\"_ _1\"/>d to tailor th<span class=\"_ _1\"/>e mor<span class=\"_ _1\"/>talit<span class=\"_ _1\"/>y figur<span class=\"_ _1\"/>es to the insured pop<span class=\"_ _1\"/>ulation by apply<span class=\"_ _1\"/>ing the exp<span class=\"_ _1\"/>erie<span class=\"_ _1\"/>nce fac<span class=\"_ _1\"/>tors fro<span class=\"_ _1\"/>m the \u2018Centr<span class=\"_ _1\"/>um voor V<span class=\"_ _6\"/>erzekeringsstati<span class=\"_ _7\"/>stiek<span class=\"_ _1\"/>\u2019: the so-cal<span class=\"_ _6\"/>led ES-P<span class=\"_ _1\"/>2 factors<span class=\"_ _1\"/>. For the United Kingdom, the mo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>alit<span class=\"_ _1\"/>y basis adopted is the st<span class=\"_ _1\"/>andard tabl<span class=\"_ _1\"/>e S3P<span class=\"_ _1\"/>x<span class=\"_ _0\"/>A with futur<span class=\"_ _1\"/>e improvement<span class=\"_ _1\"/>s in line with th<span class=\"_ _1\"/>e Continuous Mor<span class=\"_ _1\"/>t<span class=\"_ _1\"/>alit<span class=\"_ _1\"/>y Investigation\u2019s 20<span class=\"_ _1\"/>21 proj<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>ion mod<span class=\"_ _1\"/>el with a lon<span class=\"_ _1\"/>g term improveme<span class=\"_ _1\"/>nt rate of 1.<span class=\"_ _1\"/>2<span class=\"_ _1\"/>5% p<span class=\"_ _1\"/>er annum for all memb<span class=\"_ _1\"/>ers<span class=\"_ _1\"/>.The se<span class=\"_ _1\"/>nsitivit<span class=\"_ _1\"/>y of the def<span class=\"_ _1\"/>ined b<span class=\"_ _1\"/>enefit ob<span class=\"_ _1\"/>ligation to chang<span class=\"_ _1\"/>es in the weighte<span class=\"_ _1\"/>d principal assumpt<span class=\"_ _1\"/>ions is<span class=\"_ _1\"/>:Impact on defined<span class=\"_ _6\"/> benefit obligationCha<span class=\"_ _1\"/>nge i<span class=\"_ _1\"/>n assumptio<span class=\"_ _1\"/>n<span class=\"_ _f2\"> </span><span class=\"ls19e ws19e\">I<span class=\"_ _1\"/>ncrease in<span class=\"_ _6\"/> assumption<span class=\"_ _2b\"> </span>D<span class=\"_ _1\"/>ecrease in assumption</span>Discount r<span class=\"_ _1\"/>ate<span class=\"_ _10a\"> </span><span class=\"ff8\">0.50<span class=\"_ _0\"/>%<span class=\"_ _ed\"> </span>Decrease by 7<span class=\"_ _3\"/>.1<span class=\"_ _1\"/>%<span class=\"_ _22f\"> </span>Increase by 8.1<span class=\"_ _1\"/>%</span>Salar<span class=\"_ _1\"/>y gro<span class=\"_ _1\"/>wt<span class=\"_ _1\"/>h rate<span class=\"_ _23\"> </span><span class=\"ff8\">0.50<span class=\"_ _1\"/>%<span class=\"_ _ed\"> </span>Increase by 0.0<span class=\"_ _1\"/>%<span class=\"_ _8e\"> </span>Decrease by 0.0<span class=\"_ _0\"/>%</span>Pension g<span class=\"_ _1\"/>row<span class=\"_ _1\"/>th rate<span class=\"_ _114\"> </span><span class=\"ff8\">0.50<span class=\"_ _0\"/>%<span class=\"_ _e1\"> </span>Increase by 2.<span class=\"_ _7\"/>1<span class=\"_ _0\"/>%<span class=\"_ _e0\"> </span>Decrease by 2.0<span class=\"_ _1\"/>%</span>Life expect<span class=\"_ _1\"/>ancy<span class=\"_ _1d3\"> </span><span class=\"ff8 ls2 ws2\">1 year<span class=\"_ _ed\"> </span>Increase by 2.9<span class=\"_ _0\"/>%<span class=\"_ _e0\"> </span>Decrease by 2.9<span class=\"_ _1\"/>%</span>The se<span class=\"_ _1\"/>nsitivit<span class=\"_ _1\"/>y analyses are b<span class=\"_ _1\"/>ased on a change in o<span class=\"_ _1\"/>ne assumption while holding all ot<span class=\"_ _1\"/>her ass<span class=\"_ _7\"/>umptions c<span class=\"_ _6\"/>onstant, so th<span class=\"_ _6\"/>at in<span class=\"_ _6\"/>terdependencies between the ass<span class=\"_ _6\"/>umption<span class=\"_ _6\"/>s are ex<span class=\"_ _6\"/>cluded.3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>. <span class=\"_ _d\"> </span><span class=\"ff5 fs6 lsf7 ws3d\">FINANCIAL RISK<span class=\"_ _6\"/> MANA<span class=\"_ _6\"/>GEM<span class=\"_ _1\"/>ENT</span>3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>.2 <span class=\"_ _5b\"> </span><span class=\"ff2 fs3 ls160 ws16d\">Credit risk</span>The G<span class=\"_ _1\"/>roup considers t<span class=\"_ _1\"/>he probabilit<span class=\"_ _1\"/>y of def<span class=\"_ _1\"/>ault upon initial re<span class=\"_ _1\"/>cognition of an asset and wheth<span class=\"_ _1\"/>er there has b<span class=\"_ _1\"/>een a signifi<span class=\"_ _1\"/>cant increase in cre<span class=\"_ _1\"/>dit risk on an ongoing b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s through<span class=\"_ _1\"/>out each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting pe<span class=\"_ _1\"/>riod<span class=\"_ _1\"/>. T<span class=\"_ _7\"/>o assess whet<span class=\"_ _1\"/>her ther<span class=\"_ _1\"/>e is a significant increase in credit r<span class=\"_ _1\"/>isk the company compares the r<span class=\"_ _1\"/>isk of a default occurr<span class=\"_ _1\"/>ing on the asset as at the repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ting date with the r<span class=\"_ _1\"/>isk of default as at the date of initial re<span class=\"_ _1\"/>cognition<span class=\"_ _1\"/>. It considers availa<span class=\"_ _6\"/>ble reason<span class=\"_ _6\"/>able and<span class=\"_ _6\"/> supportive for<span class=\"_ _1\"/>wardin<span class=\"_ _6\"/>g-looking i<span class=\"_ _6\"/>nformation. The Grou<span class=\"_ _6\"/>p applie<span class=\"_ _6\"/>s the low credit ri<span class=\"_ _6\"/>sk s<span class=\"_ _6\"/>impl<span class=\"_ _6\"/>ification to long<span class=\"_ _7\"/>-term loans, deposi<span class=\"_ _6\"/>ts and other long-<span class=\"_ _7\"/>term receiv<span class=\"_ _1\"/>ables and re<span class=\"_ _1\"/>cognises an allowan<span class=\"_ _1\"/>ce for expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d credit losses (<span class=\"_ _1\"/>ECL<span class=\"_ _1\"/>s) for all debt instrume<span class=\"_ _1\"/>nts not hel<span class=\"_ _1\"/>d at fair value t<span class=\"_ _1\"/>hrough prof<span class=\"_ _1\"/>it or loss.ECL<span class=\"_ _1\"/>s are b<span class=\"_ _1\"/>ased on the dif<span class=\"_ _1\"/>feren<span class=\"_ _1\"/>ce bet<span class=\"_ _1\"/>ween th<span class=\"_ _1\"/>e contrac<span class=\"_ _1\"/>tual cash fl<span class=\"_ _1\"/>ows due in accordance with th<span class=\"_ _1\"/>e contrac<span class=\"_ _1\"/>t and all the cash f<span class=\"_ _1\"/>lows that th<span class=\"_ _1\"/>e Group exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ts to re<span class=\"_ _1\"/>ceive, discounted at an approx<span class=\"_ _1\"/>imation of the or<span class=\"_ _1\"/>iginal effe<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>ive interest rate<span class=\"_ _1\"/>. The exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted cash fl<span class=\"_ _1\"/>ows will include cash f<span class=\"_ _1\"/>lows fr<span class=\"_ _1\"/>om the sale of collater<span class=\"_ _1\"/>al held or ot<span class=\"_ _1\"/>her credit e<span class=\"_ _1\"/>nhancements t<span class=\"_ _1\"/>hat are integral to t<span class=\"_ _1\"/>he contrac<span class=\"_ _1\"/>tual ter<span class=\"_ _1\"/>ms (insofar applicabl<span class=\"_ _1\"/>e<span class=\"_ _6\"/>).The Board of Man<span class=\"_ _6\"/>agement reviews the ou<span class=\"_ _6\"/>tstanding trade receivables<span class=\"_ _6\"/> and unbi<span class=\"_ _7\"/>lled revenue o<span class=\"_ _1\"/>n (<span class=\"_ _7\"/>compl<span class=\"_ _1\"/>eted<span class=\"_ _1\"/>) contrac<span class=\"_ _1\"/>ts on an o<span class=\"_ _1\"/>ngoing basis. L<span class=\"_ _1\"/>ocal manage<span class=\"_ _1\"/>ment is requeste<span class=\"_ _1\"/>d to take<span class=\"_ _6\"/> additional<span class=\"_ _6\"/> precaution in<span class=\"_ _6\"/> working with c<span class=\"_ _6\"/>er<span class=\"_ _1\"/>tain<span class=\"_ _6\"/> clients. For trade receivables and unbilled re<span class=\"_ _1\"/>venue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s, th<span class=\"_ _1\"/>e Group has estab<span class=\"_ _1\"/>lished a provision matr<span class=\"_ _1\"/>ix that i<span class=\"_ _6\"/>s bas<span class=\"_ _6\"/>ed on its hist<span class=\"_ _6\"/>orical credit lo<span class=\"_ _6\"/>ss experience, ad<span class=\"_ _6\"/>just<span class=\"_ _6\"/>ed for for<span class=\"_ _1\"/>ward-<span class=\"_ _7\"/>lo<span class=\"_ _1\"/>oking factors specific to the deb<span class=\"_ _6\"/>tors and the econom<span class=\"_ _6\"/>ic envir<span class=\"_ _6\"/>onment. Generally,<span class=\"_ _6\"/> trade receivables are fully impaire<span class=\"_ _1\"/>d if past due more t<span class=\"_ _1\"/>han 1.<span class=\"_ _1\"/>5 year and ar<span class=\"_ _1\"/>e not subjec<span class=\"_ _1\"/>t to enforcement ac<span class=\"_ _1\"/>tivit<span class=\"_ _1\"/>y. The pr<span class=\"_ _1\"/>ovision rates are b<span class=\"_ _1\"/>ased on days past due fo<span class=\"_ _1\"/>r customers<span class=\"_ _1\"/>. The G<span class=\"_ _1\"/>roup considered vari<span class=\"_ _1\"/>ous customer se<span class=\"_ _1\"/>gments that have similar loss pat<span class=\"_ _1\"/>terns (i<span class=\"_ _1\"/>.e., by g<span class=\"_ _1\"/>eogr<span class=\"_ _1\"/>aphy, ser<span class=\"_ _1\"/>vice/produ<span class=\"_ _1\"/>ct t<span class=\"_ _1\"/>yp<span class=\"_ _1\"/>e, industr<span class=\"_ _1\"/>y, customer t<span class=\"_ _1\"/>yp<span class=\"_ _1\"/>e and rating<span class=\"_ _1\"/>, and covera<span class=\"_ _1\"/>ge from cre<span class=\"_ _1\"/>dit insurance where ap<span class=\"_ _1\"/>plicable). The ag<span class=\"_ _1\"/>eing is based on invoice due date. T<span class=\"_ _1\"/>he provision mat<span class=\"_ _1\"/>rix is initially based on t<span class=\"_ _1\"/>he Group\u2019s historic<span class=\"_ _1\"/>al obser<span class=\"_ _1\"/>ved d<span class=\"_ _1\"/>efault rates<span class=\"_ _1\"/>. The Gr<span class=\"_ _1\"/>oup calibrates th<span class=\"_ _1\"/>e matrix to adju<span class=\"_ _6\"/>st the hi<span class=\"_ _6\"/>storical credi<span class=\"_ _6\"/>t loss<span class=\"_ _6\"/> experience with forward-looking in<span class=\"_ _7\"/>for<span class=\"_ _1\"/>ma<span class=\"_ _6\"/>tion con<span class=\"_ _6\"/>sidering current mar<span class=\"_ _1\"/>ket conditions at the re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ting date. A t<span class=\"_ _1\"/>rade re<span class=\"_ _1\"/>ceivable is wr<span class=\"_ _1\"/>itte<span class=\"_ _1\"/>n off wh<span class=\"_ _1\"/>en ther<span class=\"_ _1\"/>e is no reasonable exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tation of re<span class=\"_ _1\"/>covering the contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>tual cash flo<span class=\"_ _1\"/>ws. The assessment of th<span class=\"_ _1\"/>e correlatio<span class=\"_ _1\"/>n bet<span class=\"_ _1\"/>ween histor<span class=\"_ _1\"/>ical obser<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>d default r<span class=\"_ _1\"/>ates, for<span class=\"_ _1\"/>ecast economi<span class=\"_ _1\"/>c conditions and E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>s is an estimate. The s<span class=\"_ _1\"/>ensitivit<span class=\"_ _1\"/>y of the amo<span class=\"_ _1\"/>unt of ECL<span class=\"_ _1\"/>s to changes in circumst<span class=\"_ _1\"/>ances and of forec<span class=\"_ _1\"/>ast economic condit<span class=\"_ _1\"/>ions is limited. Th<span class=\"_ _1\"/>e Group\u2019s hist<span class=\"_ _6\"/>orical credit lo<span class=\"_ _6\"/>ss experience a<span class=\"_ _6\"/>nd forecast o<span class=\"_ _6\"/>f economic c<span class=\"_ _7\"/>onditions may<span class=\"_ _6\"/> not be represe<span class=\"_ _1\"/>ntative of custome<span class=\"_ _1\"/>r\u2019s ac<span class=\"_ _1\"/>tual default in the f<span class=\"_ _1\"/>uture. T<span class=\"_ _1\"/>he Group do<span class=\"_ _1\"/>es not provi<span class=\"_ _1\"/>de detaile<span class=\"_ _1\"/>d informatio<span class=\"_ _1\"/>n on (<span class=\"_ _7\"/>a) the est<span class=\"_ _1\"/>imation techni<span class=\"_ _1\"/>ques and inputs use<span class=\"_ _1\"/>d, (<span class=\"_ _1\"/>b<span class=\"_ _7\"/>) h<span class=\"_ _1\"/>ow the forecast economi<span class=\"_ _6\"/>c cond<span class=\"_ _6\"/>itions h<span class=\"_ _6\"/>ave been inc<span class=\"_ _7\"/>or<span class=\"_ _1\"/>porated in the de<span class=\"_ _6\"/>termina<span class=\"_ _6\"/>tion of ECL and<span class=\"_ _6\"/> (<span class=\"_ _7\"/>c) changes in est<span class=\"_ _1\"/>imation techniqu<span class=\"_ _1\"/>es and inputs use<span class=\"_ _1\"/>d, be<span class=\"_ _1\"/>cause the impac<span class=\"_ _1\"/>t is not signific<span class=\"_ _1\"/>ant.36<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws1c0\">C<span class=\"_ _6\"/>OMMITME<span class=\"_ _1\"/>NTS<span class=\"_ _7\"/> NOT INCL<span class=\"_ _7\"/>U<span class=\"_ _1\"/>DED IN<span class=\"_ _7\"/> THE ST<span class=\"_ _7\"/>A<span class=\"_ _6\"/>TEME<span class=\"_ _1\"/>NT<span class=\"_ _7\"/> OF FINANCIAL<span class=\"_ _6\"/> POSITION</span>Climate commitmentsOn 1<span class=\"_ _1\"/>9 Febr<span class=\"_ _1\"/>uar<span class=\"_ _1\"/>y 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>, Fugro announ<span class=\"_ _1\"/>ced a target of ne<span class=\"_ _1\"/>t zero carbo<span class=\"_ _1\"/>n emissions scope 1 and scope 2 by 2<span class=\"_ _1\"/>03<span class=\"_ _1\"/>5<span class=\"_ _1\"/>. In 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, in su<span class=\"_ _6\"/>ppo<span class=\"_ _1\"/>rt of t<span class=\"_ _1\"/>his target<span class=\"_ _1\"/>, Fugro star<span class=\"_ _1\"/>te<span class=\"_ _1\"/>d develop<span class=\"_ _1\"/>ing science-base<span class=\"_ _1\"/>d targe<span class=\"_ _1\"/>ts on it<span class=\"_ _1\"/>s C<span class=\"_ _6\"/>O emission redu<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>on in line with the S<span class=\"_ _1\"/>cience Base<span class=\"_ _1\"/>d T<span class=\"_ _7\"/>arget<span class=\"_ _1\"/>s initiative 2(SBTi).  I<span class=\"_ _1\"/>n addition to scop<span class=\"_ _1\"/>e 1 and 2<span class=\"_ _1\"/>, science-base<span class=\"_ _1\"/>d target<span class=\"_ _1\"/>s also cover scope 3 emissions. Fugro is a ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ice provider an<span class=\"_ _1\"/>d therefo<span class=\"_ _1\"/>re its client v<span class=\"_ _1\"/>alue chain scope 3 emissions are negligib<span class=\"_ _1\"/>le; scope 3 consists of emissions fro<span class=\"_ _1\"/>m its supply chain<span class=\"_ _1\"/>. C<span class=\"_ _6\"/>O emis<span class=\"_ _6\"/>sions<span class=\"_ _6\"/> from vessel<span class=\"_ _7\"/>s<span class=\"_ _1\"/>, 2both o<span class=\"_ _1\"/>wned and l<span class=\"_ _1\"/>eased, account for app<span class=\"_ _1\"/>roximately 8<span class=\"_ _1\"/>0% of Fu<span class=\"_ _1\"/>gro\u2019s c<span class=\"_ _6\"/>ombine<span class=\"_ _1\"/>d scope 1 and 2 emissions. T<span class=\"_ _1\"/>herefore<span class=\"_ _1\"/>, Fugro\u2019s carb<span class=\"_ _1\"/>on reduc<span class=\"_ _1\"/>tion p<span class=\"_ _1\"/>lan is for a large par<span class=\"_ _1\"/>t a multi-year f<span class=\"_ _1\"/>leet transiti<span class=\"_ _1\"/>on plan, re<span class=\"_ _1\"/>quiring signific<span class=\"_ _1\"/>ant multi-year investments<span class=\"_ _1\"/>. ",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-20-4": {
   "value": "2<span class=\"_ _1\"/>.1 <span class=\"_ _17e\"> </span><span class=\"ff2 fs3 ls9e wsa2\">E<span class=\"_ _1\"/>stimates, judgem<span class=\"_ _1\"/>ents and uncer<span class=\"_ _1\"/>tainties</span>The pr<span class=\"_ _1\"/>eparati<span class=\"_ _1\"/>on of the consolidated f<span class=\"_ _1\"/>inancial state<span class=\"_ _1\"/>ments re<span class=\"_ _1\"/>quires manageme<span class=\"_ _1\"/>nt to make judgem<span class=\"_ _1\"/>ents<span class=\"_ _1\"/>, estimates, assumptions and consider uncer<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ainties that aff<span class=\"_ _1\"/>ect t<span class=\"_ _1\"/>he applicati<span class=\"_ _1\"/>on of accounting polici<span class=\"_ _1\"/>es and the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ted amount<span class=\"_ _1\"/>s of assets, liab<span class=\"_ _1\"/>ilities, income an<span class=\"_ _1\"/>d exp<span class=\"_ _1\"/>enses. Ac<span class=\"_ _1\"/>tual results may t<span class=\"_ _1\"/>herefor<span class=\"_ _1\"/>e differ mater<span class=\"_ _1\"/>ially from t<span class=\"_ _1\"/>hese estimates:Es<span class=\"_ _1\"/>timate<span class=\"_ _1\"/>s, ju<span class=\"_ _1\"/>dge<span class=\"_ _1\"/>ment<span class=\"_ _1\"/>s and un<span class=\"_ _1\"/>cer<span class=\"_ _1\"/>tain<span class=\"_ _1\"/>ties wi<span class=\"_ _1\"/>th resp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>t to:<span class=\"_ _a2\"> </span><span class=\"ff2 fs36 ls1da ws1e0\">Note:</span>Impair<span class=\"_ _1\"/>ment of non-fina<span class=\"_ _1\"/>ncial asset<span class=\"_ _1\"/>s (pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equip<span class=\"_ _1\"/>ment<span class=\"_ _1\"/>, right-of-use asset<span class=\"_ _1\"/>s and intang<span class=\"_ _1\"/>ible asset<span class=\"_ _1\"/>s including g<span class=\"_ _1\"/>ood<span class=\"_ _1\"/>will<span class=\"_ _1\"/>)15Impair<span class=\"_ _1\"/>ment of fina<span class=\"_ _1\"/>ncial asset<span class=\"_ _1\"/>s (<span class=\"_ _7\"/>t<span class=\"_ _1\"/>rad<span class=\"_ _1\"/>e receiv<span class=\"_ _1\"/>ables<span class=\"_ _1\"/>, unbilled r<span class=\"_ _1\"/>evenue on (<span class=\"_ _6\"/>comple<span class=\"_ _6\"/>ted) projec<span class=\"_ _1\"/>ts, and other receivables<span class=\"_ _7\"/>)25Deferred<span class=\"_ _6\"/> tax18Accounting f<span class=\"_ _1\"/>or the ref<span class=\"_ _1\"/>inancing5, <span class=\"ls43 ws4b\">27</span> and <span class=\"ls1f0 ws1f4\">30</span>Employe<span class=\"_ _1\"/>e benefit<span class=\"_ _1\"/>s31Provision<span class=\"_ _7\"/>s32Climate-re<span class=\"_ _1\"/>lated mat<span class=\"_ _1\"/>ters6Macro-economic envi<span class=\"_ _6\"/>ronment fol<span class=\"_ _6\"/>lowing geo-political<span class=\"_ _6\"/> events and<span class=\"_ _6\"/> Covid-<span class=\"_ _7\"/>1<span class=\"_ _1\"/>9 pandemic 9, <span class=\"ls1f1 ws1f5\">34</span> and <span class=\"ls43 ws4b\">36</span>5<span class=\"_ _1\"/>. <span class=\"_ _b\"> </span><span class=\"ff5 fs6 ls1f3 ws1f7\">REF<span class=\"_ _1\"/>INANCIN<span class=\"_ _1\"/>G<span class=\"_ _7\"/> 2<span class=\"_ _1\"/>022</span>On 26 J<span class=\"_ _1\"/>uly 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, Fu<span class=\"_ _1\"/>gro completed a EU<span class=\"_ _1\"/>R 11<span class=\"_ _1\"/>6<span class=\"_ _1\"/>.1 million equit<span class=\"_ _1\"/>y raise t<span class=\"_ _1\"/>hrough an acceler<span class=\"_ _1\"/>ated bo<span class=\"_ _1\"/>okbuild of<span class=\"_ _1\"/>fering<span class=\"_ _1\"/>. The of<span class=\"_ _1\"/>fering w<span class=\"_ _1\"/>as su<span class=\"_ _6\"/>ppo<span class=\"_ _1\"/>rte<span class=\"_ _1\"/>d by a number of pre<span class=\"_ _1\"/>-commit<span class=\"_ _1\"/>ted investors<span class=\"_ _1\"/>, who agre<span class=\"_ _1\"/>ed to subscrib<span class=\"_ _1\"/>e for over 5<span class=\"_ _1\"/>0% of th<span class=\"_ _1\"/>e deal size. T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ion costs on th<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y issue amounted to EU<span class=\"_ _1\"/>R 2.<span class=\"_ _1\"/>3 millio<span class=\"_ _1\"/>n. On 2<span class=\"_ _1\"/>5 July 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, the company simultane<span class=\"_ _1\"/>ously announced a comp<span class=\"_ _1\"/>rehensive sustainabilit<span class=\"_ _1\"/>y-linked refinan<span class=\"_ _1\"/>cing of its bank de<span class=\"_ _1\"/>bt as summarised b<span class=\"_ _1\"/>elow. This ref<span class=\"_ _1\"/>inancing consisted of a full set<span class=\"_ _1\"/>tleme<span class=\"_ _1\"/>nt of existing debt<span class=\"_ _1\"/>, cancellatio<span class=\"_ _1\"/>n of commitments an<span class=\"_ _1\"/>d termination of th<span class=\"_ _1\"/>e existing Faciliti<span class=\"_ _1\"/>es Agre<span class=\"_ _1\"/>ement.On 2<span class=\"_ _1\"/>8 July 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, up<span class=\"_ _1\"/>on set<span class=\"_ _1\"/>tlement of th<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y raise, t<span class=\"_ _1\"/>he company simultane<span class=\"_ _1\"/>ously repurchase<span class=\"_ _1\"/>d EUR 9 million (on a nominal basis<span class=\"_ _6\"/>) of its subo<span class=\"_ _1\"/>rdinated conver<span class=\"_ _1\"/>tible bo<span class=\"_ _1\"/>nds due 2 Novemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>24 at par using proce<span class=\"_ _1\"/>eds from th<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y raise. A<span class=\"_ _1\"/>n amount of EU<span class=\"_ _1\"/>R 91 mill<span class=\"_ _6\"/>ion (principal on a<span class=\"_ _6\"/> nomina<span class=\"_ _6\"/>l bas<span class=\"_ _6\"/>is<span class=\"_ _7\"/>) remained outstandi<span class=\"_ _6\"/>ng of the<span class=\"_ _6\"/> conv<span class=\"_ _6\"/>er<span class=\"_ _1\"/>tible<span class=\"_ _6\"/> bonds due 20<span class=\"_ _1\"/>24. I<span class=\"_ _1\"/>n August 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2, F<span class=\"_ _1\"/>ugro fully re<span class=\"_ _1\"/>paid the ex<span class=\"_ _1\"/>isting senior revo<span class=\"_ _1\"/>lving cre<span class=\"_ _1\"/>dit facilit<span class=\"_ _1\"/>y in t<span class=\"_ _1\"/>wo tran<span class=\"_ _1\"/>ches for a tot<span class=\"_ _1\"/>al amount of EUR 7<span class=\"_ _1\"/>5 million (nominal amount). On 5 A<span class=\"_ _1\"/>ugust 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, the ex<span class=\"_ _1\"/>isting EUR 2<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0 million seni<span class=\"_ _1\"/>or revolv<span class=\"_ _1\"/>ing credit f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y (<span class=\"_ _7\"/>e<span class=\"_ _1\"/>xisting RCF, including ancillar<span class=\"_ _1\"/>y facilit<span class=\"_ _1\"/>y of EU<span class=\"_ _1\"/>R 5<span class=\"_ _1\"/>0 million) and EUR 1<span class=\"_ _1\"/>88 millio<span class=\"_ _1\"/>n (<span class=\"_ _6\"/>nominal amount) se<span class=\"_ _1\"/>nior term ex<span class=\"_ _1\"/>piring on 14 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>3 we<span class=\"_ _1\"/>re cancelled an<span class=\"_ _1\"/>d replaced by a n<span class=\"_ _1\"/>ew EUR 2<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 million seni<span class=\"_ _1\"/>or term loan and a new E<span class=\"_ _1\"/>UR 20<span class=\"_ _0\"/>0 million senior R<span class=\"_ _1\"/>CF<span class=\"_ _7\"/>, to<span class=\"_ _1\"/>gethe<span class=\"_ _1\"/>r called th<span class=\"_ _1\"/>e Senior Facilit<span class=\"_ _1\"/>y A<span class=\"_ _1\"/>greeme<span class=\"_ _1\"/>nt (SFA). On 5 A<span class=\"_ _1\"/>ugust 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, th<span class=\"_ _1\"/>e transac<span class=\"_ _1\"/>tion cl<span class=\"_ _1\"/>osed and th<span class=\"_ _1\"/>e SFA becam<span class=\"_ _1\"/>e effe<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ve. On 5 Au<span class=\"_ _1\"/>gust 20<span class=\"_ _1\"/>22<span class=\"_ _1\"/>, Fugro issued t<span class=\"_ _1\"/>he new ter<span class=\"_ _1\"/>m loan (E<span class=\"_ _1\"/>UR 20<span class=\"_ _0\"/>0 million) and fully set<span class=\"_ _1\"/>tled th<span class=\"_ _1\"/>e existing te<span class=\"_ _1\"/>rm loan of EU<span class=\"_ _1\"/>R 18<span class=\"_ _1\"/>8 million pr<span class=\"_ _1\"/>incipal and EU<span class=\"_ _1\"/>R 1.<span class=\"_ _1\"/>7 million of accrue<span class=\"_ _1\"/>d interest. The n<span class=\"_ _1\"/>et procee<span class=\"_ _1\"/>ds amounted to EU<span class=\"_ _1\"/>R 1<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>0 million (net of transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s<span class=\"_ _7\"/>). O<span class=\"_ _1\"/>n 5 August 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, th<span class=\"_ _1\"/>e existing ancillar<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y outst<span class=\"_ _1\"/>anding amount of EU<span class=\"_ _1\"/>R 18<span class=\"_ _1\"/>.<span class=\"_ _1\"/>7 million was repai<span class=\"_ _1\"/>d using procee<span class=\"_ _1\"/>ds from the e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y raise. Transac<span class=\"_ _1\"/>tion costs f<span class=\"_ _1\"/>or the new te<span class=\"_ _1\"/>rm loan amo<span class=\"_ _1\"/>unted to EU<span class=\"_ _1\"/>R 3.<span class=\"_ _1\"/>7 million. Transac<span class=\"_ _1\"/>tion costs f<span class=\"_ _1\"/>or the ne<span class=\"_ _1\"/>w RCF amounted to E<span class=\"_ _1\"/>UR 3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million. O<span class=\"_ _1\"/>ther professional se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vices fees (<span class=\"_ _1\"/>EUR 2<span class=\"_ _1\"/>.1 million) that did not qualif<span class=\"_ _1\"/>y as transa<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>n costs were recognise<span class=\"_ _1\"/>d in profit and l<span class=\"_ _1\"/>oss and presented in ot<span class=\"_ _1\"/>her exp<span class=\"_ _1\"/>enses.On 2 N<span class=\"_ _1\"/>ovember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, EUR 4<span class=\"_ _1\"/>8<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million of the re<span class=\"_ _1\"/>maining conver<span class=\"_ _1\"/>tible bon<span class=\"_ _1\"/>d was repaid at par value, followi<span class=\"_ _6\"/>ng the exerc<span class=\"_ _6\"/>ise o<span class=\"_ _6\"/>f bond holder\u2019s early redemption<span class=\"_ _6\"/> put option<span class=\"_ _6\"/>s. The set<span class=\"_ _1\"/>tle<span class=\"_ _1\"/>ment gain was EU<span class=\"_ _1\"/>R 1 million.The ref<span class=\"_ _1\"/>inancing qualifi<span class=\"_ _1\"/>es as an ext<span class=\"_ _1\"/>inguishment of debt. T<span class=\"_ _1\"/>he unit of account per<span class=\"_ _1\"/>taine<span class=\"_ _1\"/>d to the ex<span class=\"_ _1\"/>isting term loan<span class=\"_ _1\"/>, ancillar<span class=\"_ _1\"/>y fa<span class=\"_ _1\"/>cility, RCF an<span class=\"_ _1\"/>d the conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds. T<span class=\"_ _1\"/>he existing RC<span class=\"_ _1\"/>F<span class=\"_ _7\"/>, term lo<span class=\"_ _1\"/>an, and ancillar<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y were th<span class=\"_ _1\"/>erefore f<span class=\"_ _1\"/>ully dereco<span class=\"_ _1\"/>gnised. Th<span class=\"_ _1\"/>e existing conver<span class=\"_ _1\"/>tible bon<span class=\"_ _1\"/>ds were par<span class=\"_ _1\"/>tially rep<span class=\"_ _1\"/>aid. The unam<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tised tr<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ion costs (<span class=\"_ _1\"/>EUR 4<span class=\"_ _1\"/>.1 million) were recognise<span class=\"_ _1\"/>d in profit and l<span class=\"_ _1\"/>oss (in finance exp<span class=\"_ _1\"/>enses<span class=\"_ _7\"/>). T<span class=\"_ _1\"/>he repay<span class=\"_ _1\"/>ment considerati<span class=\"_ _1\"/>on with respe<span class=\"_ _1\"/>ct to the conve<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ible bonds w<span class=\"_ _1\"/>as allocated to t<span class=\"_ _1\"/>he debt and e<span class=\"_ _1\"/>quity comp<span class=\"_ _1\"/>onent upo<span class=\"_ _1\"/>n repurcha<span class=\"_ _7\"/>se<span class=\"_ _1\"/>/redemp<span class=\"_ _6\"/>tion. The new senior RCF and<span class=\"_ _6\"/> senior term loa<span class=\"_ _6\"/>n were recogni<span class=\"_ _7\"/>sed initially at fa<span class=\"_ _1\"/>ir value, i.<span class=\"_ _1\"/>e., th<span class=\"_ _1\"/>e consideratio<span class=\"_ _1\"/>n received<span class=\"_ _1\"/>. Subsequent accounting is at amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost in acc<span class=\"_ _7\"/>o<span class=\"_ _1\"/>rdance with the ef<span class=\"_ _1\"/>fe<span class=\"_ _1\"/>ctive inter<span class=\"_ _1\"/>est rate meth<span class=\"_ _1\"/>od. Th<span class=\"_ _1\"/>e repayme<span class=\"_ _1\"/>nt con<span class=\"_ _6\"/>sideration of<span class=\"_ _6\"/> the existin<span class=\"_ _6\"/>g RCF<span class=\"_ _7\"/>, term loan, ancill<span class=\"_ _6\"/>ar<span class=\"_ _1\"/>y facil<span class=\"_ _6\"/>ity and convertible bonds were presente<span class=\"_ _1\"/>d in the statem<span class=\"_ _1\"/>ent of cash flows un<span class=\"_ _1\"/>der financ<span class=\"_ _1\"/>ing acti<span class=\"_ _1\"/>vities<span class=\"_ _1\"/>. T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ion costs paid were pr<span class=\"_ _1\"/>esented in the st<span class=\"_ _1\"/>atement of cash fl<span class=\"_ _1\"/>ows under f<span class=\"_ _1\"/>inancing ac<span class=\"_ _1\"/>tiviti<span class=\"_ _1\"/>es. Refe<span class=\"_ _1\"/>rence is fur<span class=\"_ _1\"/>the<span class=\"_ _1\"/>r made to note finan<span class=\"_ _1\"/>cial liabilities for mo<span class=\"_ _1\"/>re details.The n<span class=\"_ _1\"/>et procee<span class=\"_ _1\"/>ds of the equit<span class=\"_ _1\"/>y raise of E<span class=\"_ _1\"/>UR 11<span class=\"_ _1\"/>4.<span class=\"_ _1\"/>4 million were re<span class=\"_ _1\"/>cognised in equit<span class=\"_ _1\"/>y in th<span class=\"_ _1\"/>e statem<span class=\"_ _1\"/>ent of financial posit<span class=\"_ _1\"/>ion (net of transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) and p<span class=\"_ _1\"/>resented in the s<span class=\"_ _1\"/>tatement of cash flo<span class=\"_ _1\"/>ws under f<span class=\"_ _1\"/>inancing ac<span class=\"_ _1\"/>tiviti<span class=\"_ _1\"/>es. Refer<span class=\"_ _1\"/>ence is made to note total e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y for fur<span class=\"_ _1\"/>the<span class=\"_ _1\"/>r det<span class=\"_ _1\"/>ails<span class=\"_ _1\"/>.6<span class=\"_ _1\"/>. <span class=\"_ _17e\"> </span><span class=\"ff5 fs6 ls1ef ws1f9\">CLIMA<span class=\"_ _7\"/>TE<span class=\"_ _16\"> </span><span class=\"ls37 ws1fa\">RELA<span class=\"_ _7\"/>TED<span class=\"_ _7\"/> MA<span class=\"_ _7\"/>TTERS</span></span>The impa<span class=\"_ _1\"/>ct of climate-relate<span class=\"_ _1\"/>d matter<span class=\"_ _1\"/>s gener<span class=\"_ _1\"/>ates oppo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tunities as well as risks f<span class=\"_ _1\"/>or Fugro. Climate-related o<span class=\"_ _1\"/>ppor<span class=\"_ _1\"/>tuniti<span class=\"_ _1\"/>es, risks an<span class=\"_ _1\"/>d uncer<span class=\"_ _1\"/>tainties and th<span class=\"_ _1\"/>e business impact w<span class=\"_ _1\"/>ere disclosed in th<span class=\"_ _1\"/>e first half of t<span class=\"_ _1\"/>he annual repo<span class=\"_ _1\"/>rt (sec<span class=\"_ _1\"/>tions CE<span class=\"_ _1\"/>O message<span class=\"_ _1\"/>, strate<span class=\"_ _1\"/>gy, risk m<span class=\"_ _6\"/>anagement<span class=\"_ _6\"/> and grou<span class=\"_ _6\"/>p perfor<span class=\"_ _1\"/>manc<span class=\"_ _7\"/>e - environmental).Fugro conclu<span class=\"_ _1\"/>ded the<span class=\"_ _1\"/>re was no direc<span class=\"_ _1\"/>t material f<span class=\"_ _1\"/>inancial impac<span class=\"_ _1\"/>t from climate-relate<span class=\"_ _1\"/>d matte<span class=\"_ _1\"/>rs in the 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 consolidated f<span class=\"_ _1\"/>inancial statem<span class=\"_ _1\"/>ents<span class=\"_ _1\"/>. The assessments p<span class=\"_ _1\"/>er<span class=\"_ _1\"/>forme<span class=\"_ _1\"/>d, judgem<span class=\"_ _1\"/>ents made<span class=\"_ _1\"/>, and time ho<span class=\"_ _1\"/>rizon used to reach t<span class=\"_ _1\"/>his c<span class=\"_ _6\"/>onclusion are discl<span class=\"_ _1\"/>osed in notes 15<span class=\"fc2 ls1b ws24\"> impairment<span class=\"_ _1\"/>s, </span><span class=\"ls13 ws1fb\">19<span class=\"fc2 ls2 ws2\"> prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y plant and equipme<span class=\"_ _1\"/>nt, </span><span class=\"ls164 ws157\">20<span class=\"fc2 ls17b ws1f8\"> leas<span class=\"_ _1\"/>es, </span><span class=\"ls1f4 ws1fc\">21<span class=\"fc2 ls1b ws24\"> intan<span class=\"_ _1\"/>gible asset<span class=\"_ _1\"/>s, </span></span></span></span>30<span class=\"_ _7\"/><span class=\"fc2 ls2 ws2\"> f<span class=\"_ _1\"/>inancial liabilities<span class=\"_ _1\"/>, and <span class=\"fc14\">3<span class=\"_ _1\"/>6</span> commitment<span class=\"_ _1\"/>s not include<span class=\"_ _1\"/>d in the statem<span class=\"_ _1\"/>ent of financial </span>position.15<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls1ef ws47\">IMP<span class=\"_ _6\"/>AIRMENTS OF<span class=\"_ _7\"/> NON<span class=\"_\"> </span><span class=\"lsf7 ws3d\">FINANCIAL ASSETS</span></span>Intangibl<span class=\"_ _1\"/>e assets that have an indef<span class=\"_ _1\"/>inite useful life or intangibl<span class=\"_ _1\"/>e assets not read<span class=\"_ _1\"/>y for use are not subjec<span class=\"_ _1\"/>t to amor<span class=\"_ _1\"/>tisati<span class=\"_ _1\"/>on and are tested a<span class=\"_ _1\"/>nnually for impairme<span class=\"_ _1\"/>nt. Ot<span class=\"_ _1\"/>her non-financial asset<span class=\"_ _1\"/>s that are subjec<span class=\"_ _1\"/>t to depre<span class=\"_ _1\"/>ciation and amo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tisation are rev<span class=\"_ _1\"/>iewed f<span class=\"_ _1\"/>or impairme<span class=\"_ _1\"/>nt whenever eve<span class=\"_ _1\"/>nts or chang<span class=\"_ _1\"/>es in circumstances indicate that th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>ying amount may not b<span class=\"_ _1\"/>e recoverab<span class=\"_ _1\"/>le. The c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unts of the Gr<span class=\"_ _1\"/>oup\u2019s non-<span class=\"_ _6\"/>financial asset<span class=\"_ _1\"/>s other t<span class=\"_ _1\"/>han assets arising from employe<span class=\"_ _1\"/>e benef<span class=\"_ _1\"/>its an<span class=\"_ _1\"/>d deferre<span class=\"_ _1\"/>d tax asset<span class=\"_ _1\"/>s, are re<span class=\"_ _1\"/>viewe<span class=\"_ _1\"/>d at each repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ting date to determ<span class=\"_ _1\"/>ine whethe<span class=\"_ _1\"/>r there is any indicat<span class=\"_ _1\"/>ion of impairment<span class=\"_ _1\"/>. If any such indicati<span class=\"_ _1\"/>on exists<span class=\"_ _1\"/>, then t<span class=\"_ _1\"/>he asset<span class=\"_ _1\"/>\u2019s recoverable am<span class=\"_ _1\"/>ount is estimated. The re<span class=\"_ _1\"/>coverable a<span class=\"_ _1\"/>mount of an asset or cash-gener<span class=\"_ _1\"/>ating unit (C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>) is the higher of it<span class=\"_ _1\"/>s value in use and it<span class=\"_ _1\"/>s fair v<span class=\"_ _1\"/>alue less costs of disposal. I<span class=\"_ _1\"/>n assessi<span class=\"_ _6\"/>ng valu<span class=\"_ _1\"/>e in use, the estimated f<span class=\"_ _1\"/>uture cash fl<span class=\"_ _1\"/>ows are discounted to the<span class=\"_ _1\"/>ir present value using a pre<span class=\"_ _1\"/>-tax discount rate that ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ts curr<span class=\"_ _1\"/>ent market assessments of th<span class=\"_ _1\"/>e time value of mo<span class=\"_ _1\"/>ney and the r<span class=\"_ _1\"/>isks specif<span class=\"_ _1\"/>ic to the asset or cash-ge<span class=\"_ _1\"/>nerat<span class=\"_ _1\"/>ing unit. F<span class=\"_ _1\"/>or the purp<span class=\"_ _1\"/>ose of impairment testing<span class=\"_ _1\"/>, assets that cannot b<span class=\"_ _1\"/>e tested indiv<span class=\"_ _1\"/>idually are group<span class=\"_ _1\"/>ed tog<span class=\"_ _1\"/>ether into the smallest group of assets t<span class=\"_ _1\"/>hat gener<span class=\"_ _1\"/>ates cash inflows f<span class=\"_ _1\"/>rom continuing use that are largel<span class=\"_ _1\"/>y independent o<span class=\"_ _6\"/>f the cas<span class=\"_ _6\"/>h in<span class=\"_ _6\"/>flows of other a<span class=\"_ _6\"/>ssets or cas<span class=\"_ _7\"/>h-gener<span class=\"_ _1\"/>atin<span class=\"_ _6\"/>g unit. The G<span class=\"_ _1\"/>roup\u2019s corpor<span class=\"_ _1\"/>ate assets do not g<span class=\"_ _1\"/>enerate se<span class=\"_ _1\"/>parate cash infl<span class=\"_ _1\"/>ows and are utilised b<span class=\"_ _1\"/>y more than o<span class=\"_ _1\"/>ne cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>. Corpo<span class=\"_ _1\"/>rate assets are all<span class=\"_ _1\"/>ocated to c<span class=\"_ _1\"/>ash<span class=\"_ _6\"/>-gen<span class=\"_ _1\"/>erating units on a r<span class=\"_ _1\"/>easonable and consistent basis and tested fo<span class=\"_ _1\"/>r impairment as par<span class=\"_ _1\"/>t of the testing of th<span class=\"_ _1\"/>e cash gener<span class=\"_ _1\"/>ating units to whic<span class=\"_ _1\"/>h the corpo<span class=\"_ _1\"/>rate asset is allocate<span class=\"_ _1\"/>d.Impairm<span class=\"_ _1\"/>ent losses recognise<span class=\"_ _1\"/>d in prior p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>ds are review<span class=\"_ _1\"/>ed at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date for any indicatio<span class=\"_ _1\"/>ns that the loss has decr<span class=\"_ _1\"/>eased or no lo<span class=\"_ _1\"/>nger exist<span class=\"_ _1\"/>s. A<span class=\"_ _1\"/>n impairment loss is rever<span class=\"_ _1\"/>sed if ther<span class=\"_ _1\"/>e has been a chang<span class=\"_ _1\"/>e in the estimates used to d<span class=\"_ _1\"/>etermine th<span class=\"_ _1\"/>e recover<span class=\"_ _1\"/>able amount<span class=\"_ _1\"/>. An impairme<span class=\"_ _1\"/>nt loss is reverse<span class=\"_ _1\"/>d only to the ex<span class=\"_ _1\"/>tent that th<span class=\"_ _1\"/>e asset<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount do<span class=\"_ _1\"/>es not exceed t<span class=\"_ _1\"/>he carr<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g amount that would have b<span class=\"_ _1\"/>een deter<span class=\"_ _1\"/>mined, n<span class=\"_ _1\"/>et of depreciation or a<span class=\"_ _6\"/>mor<span class=\"_ _1\"/>tisa<span class=\"_ _7\"/>t<span class=\"_ _1\"/>ion, if<span class=\"_ _6\"/> no impai<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ment lo<span class=\"_ _6\"/>ss h<span class=\"_ _6\"/>ad been recognised.Impairm<span class=\"_ _1\"/>ent charges and reve<span class=\"_ _1\"/>rsal pe<span class=\"_ _1\"/>r asset categor<span class=\"_ _1\"/>y ar<span class=\"_ _1\"/>e stated as follo<span class=\"_ _1\"/>ws:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _45\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _11f\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>Impairment <span class=\"_ _122\"> </span><span class=\"ls201 ws20d\">R<span class=\"_ _1\"/>evers<span class=\"_ _1\"/>al<span class=\"_ _21\"> </span><span class=\"lsb3 wsbe\">Net<span class=\"_ _5a\"> </span></span></span>Impairment <span class=\"_ _12e\"> </span><span class=\"ls201 ws20d\">Reve<span class=\"_ _1\"/>rsal<span class=\"_ _21\"> </span><span class=\"lsb3 wsbe\">Net</span></span>Prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equi<span class=\"_ _1\"/>pment<span class=\"_ _1b5\"> </span>1,533<span class=\"_ _84\"> </span>(1<span class=\"_ _1\"/>67)<span class=\"_ _9f\"> </span>1,36<span class=\"_ _1\"/>6<span class=\"_ _7c\"> </span><span class=\"ff8 fc14\">2,7<span class=\"_ _1\"/>79<span class=\"_ _e3\"> </span>(4,753)<span class=\"_ _120\"> </span>(1,974)</span>Right of use asse<span class=\"_ _1\"/>ts-(35)<span class=\"_ _84\"> </span>(3<span class=\"_ _1\"/>5)<span class=\"_ _8e\"> </span><span class=\"ff8 fc14\">931</span>-931Ot<span class=\"_ _1\"/>her intan<span class=\"_ _1\"/>gible asset<span class=\"_ _1\"/>s<span class=\"_ _9f\"> </span><span class=\"ls2 ws2\">1,252</span>-1,252<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">1,6<span class=\"_ _1\"/>62</span>-1,662Ne<span class=\"_ _1\"/>t impa<span class=\"_ _1\"/>irme<span class=\"_ _1\"/>nt loss / (re<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>rs<span class=\"_ _1\"/>al<span class=\"_ _1\"/>)<span class=\"_ _1d9\"> </span>2,785<span class=\"_ _c0\"> </span>(202)<span class=\"_ _e5\"> </span>2,583<span class=\"_ _70\"> </span><span class=\"fc14\">5,372<span class=\"_ _111\"> </span>(4,753)<span class=\"_ _65\"> </span><span class=\"ls1ed ws1f2\">61<span class=\"_ _1\"/>9</span></span>The impair<span class=\"_ _1\"/>ment charge on P<span class=\"_ _1\"/>roper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipme<span class=\"_ _1\"/>nt includes an amount of EU<span class=\"_ _1\"/>R 1.<span class=\"_ _1\"/>3 million for a vesse<span class=\"_ _1\"/>l whose recover<span class=\"_ _1\"/>able amount was b<span class=\"_ _1\"/>elow th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>ying v<span class=\"_ _1\"/>alue and which w<span class=\"_ _1\"/>as sold in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. Furt<span class=\"_ _1\"/>hermo<span class=\"_ _1\"/>re, re<span class=\"_ _1\"/>cognised as impairment charg<span class=\"_ _1\"/>e on Ot<span class=\"_ _1\"/>her intangible asset<span class=\"_ _1\"/>s is EUR 1<span class=\"_ _1\"/>.3 million on<span class=\"_ _6\"/> Explor<span class=\"_ _1\"/>ation a<span class=\"_ _6\"/>nd Evaluation<span class=\"_ _6\"/> (E&amp;<span class=\"_ _1\"/>E) assets followi<span class=\"_ _6\"/>ng an u<span class=\"_ _6\"/>ns<span class=\"_ _6\"/>ucc<span class=\"_ _6\"/>essfu<span class=\"_ _6\"/>l drilling f<span class=\"_ _1\"/>or hydro<span class=\"_ _1\"/>carb<span class=\"_ _1\"/>ons.18<span class=\"_ _1\"/>. <span class=\"_ _ce\"> </span><span class=\"ff5 fs6 ls204 ws2c\">I<span class=\"_ _1\"/>N<span class=\"_ _1\"/>CO<span class=\"_ _1\"/>M<span class=\"_ _1\"/>E<span class=\"_ _1\"/> TA<span class=\"_ _1\"/>X</span>A defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x asset is recognised fo<span class=\"_ _1\"/>r unused tax l<span class=\"_ _1\"/>osses, ta<span class=\"_ _1\"/>x credit<span class=\"_ _1\"/>s and deduc<span class=\"_ _1\"/>tible tempo<span class=\"_ _1\"/>rar<span class=\"_ _1\"/>y dif<span class=\"_ _1\"/>ferences<span class=\"_ _1\"/>, to the ex<span class=\"_ _1\"/>tent that it is probab<span class=\"_ _1\"/>le that future t<span class=\"_ _1\"/>axable p<span class=\"_ _1\"/>rofit<span class=\"_ _1\"/>s will be available ag<span class=\"_ _1\"/>ainst which the asset can b<span class=\"_ _1\"/>e utilised. D<span class=\"_ _1\"/>eferre<span class=\"_ _1\"/>d tax asset<span class=\"_ _1\"/>s are revie<span class=\"_ _1\"/>wed at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date and are re<span class=\"_ _1\"/>duced to the e<span class=\"_ _1\"/>xte<span class=\"_ _1\"/>nt that it is no longer pr<span class=\"_ _1\"/>obable that th<span class=\"_ _1\"/>e related t<span class=\"_ _1\"/>ax be<span class=\"_ _1\"/>nefit will b<span class=\"_ _1\"/>e realised; such redu<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>ns are reverse<span class=\"_ _1\"/>d when th<span class=\"_ _1\"/>e probabilit<span class=\"_ _1\"/>y of future t<span class=\"_ _1\"/>axable prof<span class=\"_ _1\"/>its improvesIn deter<span class=\"_ _1\"/>mining the amount of curr<span class=\"_ _1\"/>ent and defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x the Gro<span class=\"_ _1\"/>up takes into account the impac<span class=\"_ _1\"/>t of uncer<span class=\"_ _1\"/>tain tax p<span class=\"_ _1\"/>ositions and whe<span class=\"_ _1\"/>ther additi<span class=\"_ _1\"/>onal taxes an<span class=\"_ _1\"/>d interest may be due<span class=\"_ _1\"/>. The G<span class=\"_ _1\"/>roup belie<span class=\"_ _1\"/>ves that its accr<span class=\"_ _1\"/>uals for tax liabiliti<span class=\"_ _1\"/>es are adequate f<span class=\"_ _1\"/>or all open t<span class=\"_ _1\"/>ax years based on it<span class=\"_ _1\"/>s assessment of many fac<span class=\"_ _1\"/>tors<span class=\"_ _1\"/>, including interpr<span class=\"_ _1\"/>etations of ta<span class=\"_ _1\"/>x law and pri<span class=\"_ _1\"/>or exp<span class=\"_ _1\"/>erience<span class=\"_ _1\"/>. This assessment relies on estimates an<span class=\"_ _1\"/>d ass<span class=\"_ _6\"/>umptions and may involve a seri<span class=\"_ _1\"/>es of judgement<span class=\"_ _1\"/>s about f<span class=\"_ _1\"/>uture events<span class=\"_ _1\"/>. New infor<span class=\"_ _1\"/>mation may b<span class=\"_ _1\"/>ecome available t<span class=\"_ _1\"/>hat causes the G<span class=\"_ _1\"/>roup to change it<span class=\"_ _1\"/>s judgem<span class=\"_ _1\"/>ent regarding th<span class=\"_ _1\"/>e adequac<span class=\"_ _1\"/>y of exist<span class=\"_ _1\"/>ing tax liabilities; such chang<span class=\"_ _1\"/>es to tax liabiliti<span class=\"_ _1\"/>es will impact t<span class=\"_ _1\"/>ax exp<span class=\"_ _1\"/>ense in the pe<span class=\"_ _1\"/>riod t<span class=\"_ _1\"/>hat such a determina<span class=\"_ _7\"/>t<span class=\"_ _1\"/>ion i<span class=\"_ _6\"/>s made.18<span class=\"_ _1\"/>.<span class=\"_ _1\"/>3 <span class=\"_ _c\"> </span><span class=\"ff2 fs3 lsfa ws106\">Defe<span class=\"_ _1\"/>rred tax asset<span class=\"_ _1\"/>s and liabilities</span>The re<span class=\"_ _1\"/>cognised def<span class=\"_ _1\"/>erred t<span class=\"_ _1\"/>ax assets ar<span class=\"_ _1\"/>e depen<span class=\"_ _1\"/>dent on future t<span class=\"_ _1\"/>axabl<span class=\"_ _1\"/>e profit<span class=\"_ _1\"/>s in excess of profit<span class=\"_ _1\"/>s arising fro<span class=\"_ _1\"/>m the rever<span class=\"_ _1\"/>sal of existing ta<span class=\"_ _1\"/>xable temp<span class=\"_ _1\"/>orar<span class=\"_ _1\"/>y dif<span class=\"_ _1\"/>fere<span class=\"_ _1\"/>nces. The r<span class=\"_ _1\"/>ecognised amount<span class=\"_ _1\"/>s relate to tax gro<span class=\"_ _1\"/>ups that are profit<span class=\"_ _1\"/>able or are ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted to b<span class=\"_ _1\"/>e profitab<span class=\"_ _1\"/>le in the foreseeable future.<span class=\"_ _6\"/> Management\u2019s projections s<span class=\"_ _6\"/>uppor<span class=\"_ _1\"/>t the a<span class=\"_ _6\"/>ss<span class=\"_ _6\"/>umption th<span class=\"_ _6\"/>at it<span class=\"_ _6\"/> is proba<span class=\"_ _6\"/>ble that the result<span class=\"_ _1\"/>s of future op<span class=\"_ _1\"/>eratio<span class=\"_ _1\"/>ns will gener<span class=\"_ _1\"/>ate enough t<span class=\"_ _1\"/>axable incom<span class=\"_ _1\"/>e to utilise these defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x assets. Co<span class=\"_ _1\"/>nsi<span class=\"_ _6\"/>stent with ot<span class=\"_ _1\"/>her areas such as annual goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt testing<span class=\"_ _1\"/>, climate-related mat<span class=\"_ _1\"/>ters we<span class=\"_ _1\"/>re considered in th<span class=\"_ _1\"/>ese projec<span class=\"_ _1\"/>tions<span class=\"_ _1\"/>. These inclu<span class=\"_ _1\"/>de risks as well as oppo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tunities, in<span class=\"_ _1\"/>cluding the anticipate<span class=\"_ _1\"/>d grow<span class=\"_ _1\"/>th in ac<span class=\"_ _1\"/>tiviti<span class=\"_ _1\"/>es inthe re<span class=\"_ _1\"/>newables mar<span class=\"_ _1\"/>ket segme<span class=\"_ _1\"/>nt. 19.<span class=\"_ _1\"/> <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls1c0 ws1cd\">PROPERTY,<span class=\"_ _7\"/> PL<span class=\"_ _1\"/>ANT AND EQUIPM<span class=\"_ _1\"/>ENT</span>L<span class=\"_ _1\"/>ast year<span class=\"_ _6\"/>, Fugro announ<span class=\"_ _1\"/>ced its net ze<span class=\"_ _1\"/>ro carbo<span class=\"_ _1\"/>n emissions commitment by 20<span class=\"_ _1\"/>3<span class=\"_ _1\"/>5 (<span class=\"fc14\">note 36</span>). The mar<span class=\"_ _1\"/>itime sec<span class=\"_ _1\"/>tor will fa<span class=\"_ _1\"/>ce more challenging custo<span class=\"_ _1\"/>mer nee<span class=\"_ _1\"/>ds and tighter re<span class=\"_ _1\"/>gulations with resp<span class=\"_ _1\"/>ect to v<span class=\"_ _1\"/>essel emissions and maritim<span class=\"_ _1\"/>e fuels in the fo<span class=\"_ _1\"/>reseeabl<span class=\"_ _1\"/>e future. I<span class=\"_ _1\"/>t follows that the asset cate<span class=\"_ _1\"/>gor<span class=\"_ _1\"/>y vessels is most ex<span class=\"_ _1\"/>posed to t<span class=\"_ _1\"/>he inherent risk of impairm<span class=\"_ _1\"/>ent from climate-related mat<span class=\"_ _1\"/>ter<span class=\"_ _1\"/>s than the othe<span class=\"_ _1\"/>r categor<span class=\"_ _1\"/>ies. T<span class=\"_ _1\"/>he Group assesse<span class=\"_ _1\"/>d whether t<span class=\"_ _1\"/>hese develo<span class=\"_ _1\"/>pments sho<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ten the curre<span class=\"_ _1\"/>nt estimates of vessel useful lives and tr<span class=\"_ _1\"/>igger s<span class=\"_ _1\"/>o-calle<span class=\"_ _1\"/>d str<span class=\"_ _1\"/>anded asset<span class=\"_ _1\"/>s. No impa<span class=\"_ _1\"/>ct on usef<span class=\"_ _1\"/>ul lives or trig<span class=\"_ _1\"/>gering eve<span class=\"_ _1\"/>nts for impair<span class=\"_ _1\"/>ment were identif<span class=\"_ _1\"/>ied. I<span class=\"_ _1\"/>t is fur<span class=\"_ _1\"/>therm<span class=\"_ _1\"/>ore noted t<span class=\"_ _1\"/>hat Fugro\u2019s vessels are used glob<span class=\"_ _1\"/>ally across all sec<span class=\"_ _1\"/>tors<span class=\"_ _1\"/>, and that time<span class=\"_ _1\"/>ly capital e<span class=\"_ _1\"/>xpendit<span class=\"_ _1\"/>ures will be made w<span class=\"_ _1\"/>ithin the nex<span class=\"_ _1\"/>t de<span class=\"_ _1\"/>cade.21<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls11c ws3e\">INT<span class=\"_ _7\"/>ANGIBLE<span class=\"_ _7\"/> ASSETS<span class=\"_ _6\"/> INCL<span class=\"_ _6\"/>UDING<span class=\"_ _7\"/> GOOD<span class=\"_ _6\"/>WILL</span>Impairme<span class=\"_ _1\"/>nt testing for cash-generating unit<span class=\"_ _1\"/>s containing goodwillThe re<span class=\"_ _1\"/>coverable a<span class=\"_ _1\"/>mounts of the c<span class=\"_ _1\"/>ash-gener<span class=\"_ _1\"/>ating units have b<span class=\"_ _1\"/>een deter<span class=\"_ _1\"/>mined base<span class=\"_ _1\"/>d on value in use cal<span class=\"_ _1\"/>culations. Value in use was dete<span class=\"_ _1\"/>rmined by discounting th<span class=\"_ _1\"/>e expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d future cash flo<span class=\"_ _1\"/>ws from th<span class=\"_ _1\"/>e continuing use of the CGU\u2019s. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Cash f<span class=\"_ _1\"/>lows in the f<span class=\"_ _1\"/>irst year of th<span class=\"_ _1\"/>e forec<span class=\"_ _1\"/>ast are based on manag<span class=\"_ _1\"/>ement<span class=\"_ _1\"/>\u2019s approved financial b<span class=\"_ _1\"/>udget<span class=\"_ _1\"/>. For all CGU<span class=\"_ _1\"/>\u2019s, the 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>3 proje<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ons fac<span class=\"_ _1\"/>tor in, amon<span class=\"_ _1\"/>gst other<span class=\"_ _1\"/>s, already signed contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>ts, e<span class=\"_ _1\"/>xpec<span class=\"_ _1\"/>ted win r<span class=\"_ _1\"/>ates on contra<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s out for bid<span class=\"_ _1\"/>, expe<span class=\"_ _1\"/>cted c<span class=\"_ _1\"/>rew and vessel utili<span class=\"_ _7\"/>sation rates and/<span class=\"_ _6\"/>or indu<span class=\"_ _6\"/>str<span class=\"_ _1\"/>y developmen<span class=\"_ _6\"/>ts. Cash flows for the C<span class=\"_ _7\"/>G<span class=\"_ _1\"/>U\u2019s beyond one year are ex<span class=\"_ _1\"/>tr<span class=\"_ _1\"/>apolated using an est<span class=\"_ _1\"/>imated grow<span class=\"_ _1\"/>th rate b<span class=\"_ _1\"/>ased on exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted market develo<span class=\"_ _1\"/>pments<span class=\"_ _1\"/>, taking into account str<span class=\"_ _1\"/>ategic plans of the comp<span class=\"_ _1\"/>any and current market condi<span class=\"_ _6\"/>tions. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Cash f<span class=\"_ _1\"/>lows for t<span class=\"_ _1\"/>he C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>\u2019s beyond f<span class=\"_ _1\"/>ive years ar<span class=\"_ _1\"/>e ext<span class=\"_ _1\"/>rapo<span class=\"_ _1\"/>lated using an estimated long-term gr<span class=\"_ _1\"/>owt<span class=\"_ _1\"/>h rate of 2<span class=\"_ _1\"/>.1% (20<span class=\"_ _1\"/>21: 0<span class=\"_ _1\"/>.<span class=\"_ _1\"/>0%). For t<span class=\"_ _1\"/>he C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>\u2019s the grow<span class=\"_ _1\"/>th r<span class=\"_ _1\"/>ates are based on an analysis of the l<span class=\"_ _1\"/>ong-term market pr<span class=\"_ _1\"/>ice trends in rele<span class=\"_ _1\"/>vant industries a<span class=\"_ _1\"/>djusted for actual experience. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Any est<span class=\"_ _1\"/>imated future cash inf<span class=\"_ _1\"/>lows / out<span class=\"_ _1\"/>flo<span class=\"_ _1\"/>ws expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d to arise from f<span class=\"_ _1\"/>uture restr<span class=\"_ _1\"/>uctur<span class=\"_ _1\"/>ing, if any, are exclude<span class=\"_ _1\"/>d from the c<span class=\"_ _1\"/>alculations, unle<span class=\"_ _1\"/>ss already commit<span class=\"_ _1\"/>ted to. This also applies to a larg<span class=\"_ _1\"/>e exte<span class=\"_ _1\"/>nt to transformat<span class=\"_ _1\"/>ion capit<span class=\"_ _1\"/>al expen<span class=\"_ _1\"/>ditures and the resulting impac<span class=\"_ _1\"/>t on cash inflow<span class=\"_ _1\"/>s.  <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>The pr<span class=\"_ _1\"/>e-tax discount rate used to discount the p<span class=\"_ _1\"/>re-tax cash f<span class=\"_ _1\"/>lows for imp<span class=\"_ _1\"/>airment testing pur<span class=\"_ _1\"/>poses is determin<span class=\"_ _1\"/>ed throu<span class=\"_ _1\"/>gh an iterative c<span class=\"_ _1\"/>alculation using the pr<span class=\"_ _1\"/>ojec<span class=\"_ _1\"/>ted post-tax cash fl<span class=\"_ _1\"/>ows, ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted t<span class=\"_ _1\"/>ax rate for t<span class=\"_ _1\"/>he respe<span class=\"_ _1\"/>ctive c<span class=\"_ _1\"/>ash gener<span class=\"_ _1\"/>ating units and a post-tax discount rate for th<span class=\"_ _1\"/>e Group.The key assumptions use<span class=\"_ _1\"/>d in the annual goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt test at the 3<span class=\"_ _1\"/>0 Septemb<span class=\"_ _1\"/>er measurement date we<span class=\"_ _1\"/>re as follows:Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th ra<span class=\"_ _1\"/>te  Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th ra<span class=\"_ _1\"/>te  Pre-tax <span class=\"ls2 ws2\"> </span>Long-term <span class=\"ls2 ws2\"> </span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)first yearlong-term discount<span class=\"_ _6\"/> rate E<span class=\"_ _1\"/>BI<span class=\"_ _1\"/>T marg<span class=\"_ _1\"/>in %2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span>Europe-Afr<span class=\"_ _1\"/>ica<span class=\"_ _17a\"> </span><span class=\"ff8 ls2 ws2\">13.1<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span><span class=\"ff4 fc14\">9.3<span class=\"_ _0\"/>%<span class=\"_ _e5\"> </span></span><span class=\"ls1df ws1e5\">2<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"ff4 fc14\">0.0<span class=\"_ _0\"/>%<span class=\"_ _145\"> </span></span>11.7<span class=\"_ _0\"/>%<span class=\"_ _13\"> </span><span class=\"ff4 fc14\">9.9<span class=\"_ _0\"/>%<span class=\"_ _e4\"> </span></span>10.1<span class=\"_ _1\"/>%<span class=\"_ _e4\"> </span><span class=\"ff4 fc14\">10.1<span class=\"_ _1\"/>%</span></span>Americas<span class=\"_ _7c\"> </span><span class=\"ff8 ls2 ws2\">10.3<span class=\"_ _0\"/>%<span class=\"_ _111\"> </span></span>5<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _a0\"> </span><span class=\"ff8 fc2\">2.1<span class=\"_ _4\"/>%<span class=\"_ _13\"> </span></span>0.0<span class=\"_ _1\"/>%<span class=\"_ _e4\"> </span><span class=\"ff8 fc2\">11.9<span class=\"_ _0\"/>%<span class=\"_ _13\"> </span></span>9.8<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span><span class=\"ff8 fc2\">9.9<span class=\"_ _0\"/>%<span class=\"_ _120\"> </span></span><span class=\"ls1fd ws20a\">7.<span class=\"_ _0\"/>3<span class=\"_ _4\"> </span>%</span>A<span class=\"_ _1\"/>sia Pac<span class=\"_ _1\"/>ific<span class=\"_ _c0\"> </span><span class=\"ff8 ls1fd ws20a\">2<span class=\"_ _0\"/>7.<span class=\"_ _0\"/>7<span class=\"_ _4\"> </span>%<span class=\"_ _17f\"> </span></span><span class=\"fc14 ls2 ws2\">(1.9<span class=\"_ _1\"/>%)<span class=\"_ _111\"> </span></span><span class=\"ff8 ls1df ws1e5\">2<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"fc14 ls2 ws2\">0.0<span class=\"_ _1\"/>%<span class=\"_ _145\"> </span><span class=\"ff8 fc2\">11.6<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span></span>9.5<span class=\"_ _0\"/>%<span class=\"_ _e5\"> </span></span><span class=\"ff8 ls1df ws1e5\">8.1<span class=\"_ _0\"/>%<span class=\"_ _36\"> </span></span><span class=\"fc14 ls2 ws2\">6.0<span class=\"_ _1\"/>%</span>Middl<span class=\"_ _1\"/>e East &amp; India<span class=\"_ _12a\"> </span>15.1<span class=\"_ _1\"/>%<span class=\"_ _35\"> </span><span class=\"ff4 fc14\">28.6<span class=\"_ _1\"/>%<span class=\"_ _111\"> </span></span><span class=\"ls1df ws1e5\">2.1<span class=\"_ _4\"> </span>%<span class=\"_ _13\"> </span></span><span class=\"ff4 fc14\">0.0<span class=\"_ _1\"/>%<span class=\"_ _9\"> </span></span>12.9<span class=\"_ _1\"/>%<span class=\"_ _15\"> </span><span class=\"ff4 fc14\">10.9<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"ls1e1 ws1e7\">9.4<span class=\"_ _0\"/>%<span class=\"_ _111\"> </span></span><span class=\"fc14 ls1df ws1e5\">9<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%</span>Climate-related mat<span class=\"_ _1\"/>ter<span class=\"_ _1\"/>s were ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ted in thes<span class=\"_ _1\"/>e ass<span class=\"_ _6\"/>umptions as follo<span class=\"_ _1\"/>ws: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Assumpti<span class=\"_ _1\"/>ons on market devel<span class=\"_ _1\"/>opment<span class=\"_ _1\"/>s for the market s<span class=\"_ _1\"/>egment<span class=\"_ _1\"/>s in which Fugro ope<span class=\"_ _1\"/>rates, inclu<span class=\"_ _1\"/>ding high grow<span class=\"_ _1\"/>th in the re<span class=\"_ _1\"/>newabl<span class=\"_ _1\"/>es market segme<span class=\"_ _1\"/>nt compared to in par<span class=\"_ _1\"/>ticular oil and g<span class=\"_ _1\"/>as. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Capit<span class=\"_ _1\"/>al expe<span class=\"_ _1\"/>nditures to dec<span class=\"_ _1\"/>arbonise t<span class=\"_ _1\"/>he vessel f<span class=\"_ _1\"/>leet by 2<span class=\"_ _1\"/>03<span class=\"_ _1\"/>5<span class=\"_ _1\"/>, howeve<span class=\"_ _1\"/>r only insofar these qualif<span class=\"_ _1\"/>y fo<span class=\"_ _1\"/>r inclusion in the valu<span class=\"_ _1\"/>e in use calculation. C<span class=\"_ _1\"/>apital ex<span class=\"_ _1\"/>penditur<span class=\"_ _1\"/>es that improve the ve<span class=\"_ _1\"/>ssel\u2019s per<span class=\"_ _1\"/>forman<span class=\"_ _1\"/>ce are excluded in v<span class=\"_ _1\"/>alue in use calculations<span class=\"_ _1\"/>. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>T<span class=\"_ _6\"/>erminal v<span class=\"_ _1\"/>alue grow<span class=\"_ _1\"/>th rates are c<span class=\"_ _1\"/>apped at t<span class=\"_ _1\"/>he risk<span class=\"_ _6\"/>-free r<span class=\"_ _1\"/>ate. No fur<span class=\"_ _1\"/>th<span class=\"_ _1\"/>er adjustment in long ter<span class=\"_ _1\"/>m grow<span class=\"_ _1\"/>th rates f<span class=\"_ _1\"/>or the ene<span class=\"_ _1\"/>rgy tra<span class=\"_ _1\"/>nsition from th<span class=\"_ _1\"/>e fossil fuel se<span class=\"_ _1\"/>ctor to th<span class=\"_ _1\"/>e renewable energy sector was deemed necessa<span class=\"_ _6\"/>r<span class=\"_ _1\"/>y and there<span class=\"_ _6\"/>fore not c<span class=\"_ _6\"/>ons<span class=\"_ _6\"/>idered to ha<span class=\"_ _6\"/>ve a material impa<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>.The inc<span class=\"_ _1\"/>rease in discount rate from 2<span class=\"_ _1\"/>021 to 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 is mainly drive<span class=\"_ _1\"/>n by a higher equit<span class=\"_ _1\"/>y mar<span class=\"_ _1\"/>ket risk premium and r<span class=\"_ _1\"/>isk<span class=\"_ _7\"/>-fre<span class=\"_ _1\"/>e rate.The g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill sensitivit<span class=\"_ _1\"/>y analysis of each CGU as at the me<span class=\"_ _1\"/>as<span class=\"_ _6\"/>urement date w<span class=\"_ _1\"/>as as follows:Cha<span class=\"_ _1\"/>nge r<span class=\"_ _1\"/>equ<span class=\"_ _1\"/>ire<span class=\"_ _1\"/>d in eac<span class=\"_ _1\"/>h key ass<span class=\"_ _1\"/>ump<span class=\"_ _1\"/>tion  (E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)fo<span class=\"_ _1\"/>r head<span class=\"_ _1\"/>roo<span class=\"_ _1\"/>m to eq<span class=\"_ _1\"/>ual ze<span class=\"_ _1\"/>roGr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th Pre-tax Long-term  ra<span class=\"_ _1\"/>te ra<span class=\"_ _1\"/>te  discount EBITHeadroo<span class=\"_ _1\"/>mfirst yearlong-termratemar<span class=\"_ _1\"/>gin %Europe-Afr<span class=\"_ _1\"/>ica<span class=\"_ _1d8\"> </span><span class=\"ls2 ws2\">49<span class=\"_ _1\"/>4,<span class=\"_ _6\"/>406<span class=\"_ _145\"> </span>(33.0<span class=\"_ _1\"/>%)<span class=\"_ _175\"> </span>(10,4<span class=\"_ _1\"/>%)<span class=\"_ _d0\"> </span><span class=\"ls1fd ws20a\">7.<span class=\"_ _0\"/>8<span class=\"_ _4\"> </span>%<span class=\"_ _a0\"> </span></span>(11.6<span class=\"_ _1\"/>%)</span>Americas<span class=\"_ _238\"> </span><span class=\"ls2 ws2\">331,272<span class=\"_ _f3\"> </span>(38.7<span class=\"_ _0\"/>%)<span class=\"_ _175\"> </span>(16.3<span class=\"_ _0\"/>%)<span class=\"_ _17c\"> </span>11.<span class=\"_ _6\"/>1<span class=\"_ _1\"/>%<span class=\"_ _e3\"> </span>(9.8<span class=\"_ _0\"/>%)</span>A<span class=\"_ _1\"/>sia Pac<span class=\"_ _1\"/>ific<span class=\"_ _a4\"> </span><span class=\"ls2 ws2\">136,939<span class=\"_ _145\"> </span>(24.6<span class=\"_ _1\"/>%)<span class=\"_ _120\"> </span>(5.7<span class=\"_ _0\"/>%)<span class=\"_ _17c\"> </span>4.7<span class=\"_ _0\"/>%<span class=\"_ _9f\"> </span>(5.8<span class=\"_ _0\"/>%)</span>Middl<span class=\"_ _1\"/>e East &amp; India<span class=\"_ _1f8\"> </span>57<span class=\"_ _3\"/>,944<span class=\"_ _120\"> </span>(17<span class=\"_ _7\"/>.8<span class=\"_ _0\"/>%)<span class=\"_ _10b\"> </span>(3.6<span class=\"_ _1\"/>%)<span class=\"_ _39\"> </span>3<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _39\"> </span><span class=\"ls1fd ws20a\">(<span class=\"_ _0\"/>7.<span class=\"_ _1\"/>4<span class=\"_ _4\"> </span>%<span class=\"_ _0\"/>)</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1\"/> <span class=\"_ _1fd\"> </span><span class=\"ls2 ws2\">1,020,5<span class=\"_ _1\"/>61</span>T<span class=\"_ _6\"/>otal hea<span class=\"_ _1\"/>droom incre<span class=\"_ _1\"/>ased significa<span class=\"_ _1\"/>ntly from EU<span class=\"_ _1\"/>R 619 million in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1 to EUR 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>21 million in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2. T<span class=\"_ _1\"/>he changes be<span class=\"_ _1\"/>yond those in th<span class=\"_ _1\"/>e above tabl<span class=\"_ _1\"/>e to ass<span class=\"_ _6\"/>umptions used in t<span class=\"_ _1\"/>he goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt test would, in isolati<span class=\"_ _1\"/>on, lead to an imp<span class=\"_ _1\"/>airment loss be<span class=\"_ _1\"/>ing recognise<span class=\"_ _1\"/>d.2<span class=\"_ _1\"/>5<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls11f ws3b\">TR<span class=\"_ _0\"/>AD<span class=\"_ _1\"/>E A<span class=\"_ _1\"/>ND O<span class=\"_ _1\"/>TH<span class=\"_ _1\"/>E<span class=\"_ _1\"/>R R<span class=\"_ _1\"/>E<span class=\"_ _1\"/>CE<span class=\"_ _1\"/>I<span class=\"_ _1\"/>VAB<span class=\"_ _1\"/>LE<span class=\"_ _1\"/>S</span>The G<span class=\"_ _1\"/>roup applies th<span class=\"_ _1\"/>e Exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted Cre<span class=\"_ _1\"/>dit Loss (E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>) model<span class=\"_ _1\"/>. For tr<span class=\"_ _1\"/>ade re<span class=\"_ _1\"/>ceivables an<span class=\"_ _1\"/>d unbilled re<span class=\"_ _1\"/>venue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s, th<span class=\"_ _1\"/>e Group appli<span class=\"_ _1\"/>es a simplified app<span class=\"_ _1\"/>roach in calculating E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>s. Th<span class=\"_ _1\"/>erefore<span class=\"_ _1\"/>, the Gro<span class=\"_ _1\"/>up does not tr<span class=\"_ _1\"/>ack chang<span class=\"_ _1\"/>es in credit risk<span class=\"_ _1\"/>, but instead recognises a l<span class=\"_ _1\"/>oss allowance based o<span class=\"_ _1\"/>n lifetime EC<span class=\"_ _1\"/>Ls at ea<span class=\"_ _1\"/>ch repo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ing date. Refer to <span class=\"fc14\">note </span>34.2<span class=\"fc2 ls2 ws2\"> Credit risk for de<span class=\"_ _1\"/>tails on how the G<span class=\"_ _1\"/>roup applies t<span class=\"_ _1\"/>he ECL m<span class=\"_ _1\"/>odel.</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade receivables<span class=\"_ _23f\"> </span><span class=\"ls2 ws2\">291,207<span class=\"_ _2b\"> </span><span class=\"ff8 fc14\">24<span class=\"_ _1\"/>0,035</span></span>Unbilled rev<span class=\"_ _6\"/>enue on (<span class=\"_ _7\"/>completed) projects<span class=\"_ _238\"> </span><span class=\"ls2 ws2\">216,744<span class=\"_ _f9\"> </span><span class=\"ff8 fc14\">186,002</span></span>Prepayments<span class=\"_ _240\"> </span><span class=\"ls2 ws2\">28,882<span class=\"_ _6e\"> </span><span class=\"ff8 fc14\">29,7<span class=\"_ _1\"/>16</span></span>VA<span class=\"_ _6\"/>T and oth<span class=\"_ _1\"/>er tax r<span class=\"_ _1\"/>eceiv<span class=\"_ _1\"/>ables<span class=\"_ _233\"> </span>3<span class=\"_ _1\"/>0,563<span class=\"_ _20\"> </span><span class=\"ff8 fc14\">17<span class=\"_ _7\"/>,927</span>Other receivables <span class=\"_ _1c1\"> </span><span class=\"ls2 ws2\">36,079<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">39,140</span></span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _204\"> </span>6<span class=\"_ _1\"/>03,475<span class=\"_ _17b\"> </span><span class=\"fc14\">512,820</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade receivable<span class=\"_ _6\"/>s are s<span class=\"_ _6\"/>hown net of<span class=\"_ _6\"/> impai<span class=\"_ _6\"/>rment los<span class=\"_ _6\"/>ses (<span class=\"_ _7\"/>see below) aris<span class=\"_ _6\"/>ing from iden<span class=\"_ _7\"/>tif<span class=\"_ _1\"/>ied doubt<span class=\"_ _1\"/>ful receiv<span class=\"_ _1\"/>ables fro<span class=\"_ _1\"/>m customers as we<span class=\"_ _1\"/>ll as expec<span class=\"_ _1\"/>ted cre<span class=\"_ _1\"/>dit losses. O<span class=\"_ _1\"/>ther re<span class=\"_ _1\"/>ceivabl<span class=\"_ _1\"/>es include s<span class=\"_ _7\"/>hor<span class=\"_ _1\"/>t-<span class=\"_ _7\"/>term deposits and curren<span class=\"_ _6\"/>t por<span class=\"_ _1\"/>tion of<span class=\"_ _6\"/> long-<span class=\"_ _6\"/>term receivables wi<span class=\"_ _6\"/>th an impairme<span class=\"_ _1\"/>nt loss of EUR 5<span class=\"_ _1\"/>24 thousand re<span class=\"_ _1\"/>cognised in the year (<span class=\"_ _1\"/>202<span class=\"_ _1\"/>1: nil<span class=\"_ _1\"/>). Impairm<span class=\"_ _1\"/>ent lossesT<span class=\"_ _6\"/>rade r<span class=\"_ _1\"/>eceivab<span class=\"_ _1\"/>les were impaire<span class=\"_ _1\"/>d taking into account the f<span class=\"_ _1\"/>inancial positio<span class=\"_ _1\"/>n of the debtor<span class=\"_ _1\"/>s, the days o<span class=\"_ _1\"/>utstan<span class=\"_ _1\"/>ding, the ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted outcome of n<span class=\"_ _1\"/>egotiat<span class=\"_ _1\"/>ions and legal p<span class=\"_ _1\"/>roceedin<span class=\"_ _1\"/>gs against debtor<span class=\"_ _1\"/>s and probab<span class=\"_ _1\"/>ilities of default<span class=\"_ _1\"/>. Unbilled r<span class=\"_ _1\"/>evenue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) p<span class=\"_ _1\"/>rojec<span class=\"_ _1\"/>ts does n<span class=\"_ _1\"/>ot include (material<span class=\"_ _1\"/>) impairment losses whi<span class=\"_ _1\"/>ch is simi<span class=\"_ _6\"/>lar to previ<span class=\"_ _1\"/>ous year<span class=\"_ _7\"/>. T<span class=\"_ _1\"/>he age<span class=\"_ _1\"/>ing of tra<span class=\"_ _1\"/>de receiv<span class=\"_ _1\"/>ables and unbille<span class=\"_ _1\"/>d revenue on (completed<span class=\"_ _1\"/>) contrac<span class=\"_ _1\"/>ts at t<span class=\"_ _1\"/>he repo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ing date is a<span class=\"_ _6\"/>s follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _241\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022</span>Estimated total gros<span class=\"_ _6\"/>s car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g Expected amount at Expectedcre<span class=\"_ _1\"/>dit l<span class=\"_ _1\"/>oss Statusdefaultcredit lossra<span class=\"_ _1\"/>te %Past du<span class=\"_ _1\"/>e for 0 to 3<span class=\"_ _1\"/>0 days<span class=\"_ _47\"> </span><span class=\"ls4c ws53\">Fully perfor<span class=\"_ _1\"/>ming<span class=\"_ _12a\"> </span></span>4<span class=\"_ _1\"/>03,381<span class=\"_ _231\"> </span>292<span class=\"_ _ae\"> </span>0.07Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 31 to 6<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _da\"> </span><span class=\"ls2 ws2\">53,261<span class=\"_ _e0\"> </span>480<span class=\"_ _d1\"> </span>0.90</span>Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 61 to 9<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _1f8\"> </span><span class=\"ls2 ws2\">18,243<span class=\"_ _a3\"> </span><span class=\"ls43 ws4b\">86<span class=\"_ _8e\"> </span></span>0.47</span>Past du<span class=\"_ _1\"/>e for over 9<span class=\"_ _1\"/>0 days<span class=\"_ _17f\"> </span><span class=\"ls7a ws7f\">(Mater<span class=\"_ _1\"/>ially) impaire<span class=\"_ _1\"/>d<span class=\"_ _231\"> </span></span>33,559<span class=\"_ _22\"> </span>13,565<span class=\"_ _5d\"> </span>40.42Retention<span class=\"_ _6\"/>s and s<span class=\"_ _6\"/>pecial item<span class=\"_ _6\"/>s<span class=\"_ _238\"> </span><span class=\"ls2 ws2\">14,498<span class=\"_ _df\"> </span><span class=\"ls43 ws4b\">568<span class=\"_ _ae\"> </span></span>3.92</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _23a\"> </span>522,942<span class=\"_ _22\"> </span>14,991(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _184\"> </span><span class=\"ff7 fs3 ls1dc ws1e2\">2021</span>Estimated total gros<span class=\"_ _6\"/>s car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g Expected amount at Expectedcre<span class=\"_ _1\"/>dit l<span class=\"_ _1\"/>oss Statusdefaultcredit lossra<span class=\"_ _1\"/>te %Past du<span class=\"_ _1\"/>e for 0 to 3<span class=\"_ _1\"/>0 days<span class=\"_ _47\"> </span><span class=\"ls4c ws53\">Fully perfor<span class=\"_ _1\"/>ming<span class=\"_ _129\"> </span></span><span class=\"ff8 fc14\">353,829<span class=\"_ _e1\"> </span><span class=\"ls43 ws4b\">95<span class=\"_ _d1\"> </span></span>0.03</span>Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 31 to 6<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _41\"> </span><span class=\"ff8 fc14 ls2 ws2\">34,28<span class=\"_ _1\"/>6<span class=\"_ _e0\"> </span>998<span class=\"_ _df\"> </span>2.91</span>Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 61 to 9<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _1d2\"> </span><span class=\"ff8 fc14 ls2 ws2\">8,96<span class=\"_ _1\"/>8<span class=\"_ _b2\"> </span>552<span class=\"_ _df\"> </span><span class=\"ls1df ws1e5\">6<span class=\"_ _1\"/>.1<span class=\"_ _1\"/>6</span></span>Past du<span class=\"_ _1\"/>e for over 9<span class=\"_ _1\"/>0 days<span class=\"_ _17f\"> </span><span class=\"ls7a ws7f\">(Mater<span class=\"_ _1\"/>ially) impaire<span class=\"_ _1\"/>d<span class=\"_ _b1\"> </span></span><span class=\"ff8 fc14\">35,<span class=\"_ _1\"/>281<span class=\"_ _73\"> </span>13,7<span class=\"_ _1\"/>11<span class=\"_ _1c9\"> </span>38.86</span>Retention<span class=\"_ _6\"/>s and s<span class=\"_ _6\"/>pecial item<span class=\"_ _6\"/>s<span class=\"_ _242\"> </span><span class=\"ff8 fc14 ls2 ws2\">9,<span class=\"_ _6\"/>111<span class=\"_ _e1\"> </span><span class=\"ls87 ws3b\">82<span class=\"_ _d1\"> </span></span>0.90</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _243\"> </span><span class=\"fc14\">441,475<span class=\"_ _84\"> </span>15,438</span>The m<span class=\"_ _1\"/>ovement in the allo<span class=\"_ _1\"/>wance for impairm<span class=\"_ _1\"/>ent in respec<span class=\"_ _1\"/>t of tra<span class=\"_ _1\"/>de receiv<span class=\"_ _1\"/>ables and unbilled re<span class=\"_ _1\"/>venue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s during th<span class=\"_ _1\"/>e year was as follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y<span class=\"_ _244\"> </span><span class=\"ff4 fs6 ls2\">15,438<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">16,835</span></span>Impairme<span class=\"_ _1\"/>nt loss recognised<span class=\"_ _1f0\"> </span><span class=\"ls2 ws2\">2,918<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">4,<span class=\"_ _6\"/>144</span></span>Impairment<span class=\"_ _6\"/> loss rev<span class=\"_ _6\"/>ersed<span class=\"_ _23e\"> </span><span class=\"ls2 ws2\">(2,003)<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">(1,8<span class=\"_ _1\"/>61)</span></span>Write-<span class=\"_ _1\"/>off<span class=\"_ _245\"> </span><span class=\"ls2 ws2\">(1,972)<span class=\"_ _9b\"> </span><span class=\"ff8 fc14\">(4,767)</span></span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of moveme<span class=\"_ _1\"/>nts in exchan<span class=\"_ _1\"/>ge rates<span class=\"_ _246\"> </span><span class=\"ls1ed ws1f2\">610<span class=\"_ _89\"> </span></span><span class=\"ff8 fc14\">1,087</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _bd\"> </span>14,991<span class=\"_ _84\"> </span><span class=\"fc14\">15,438</span>The allowanc<span class=\"_ _6\"/>e acc<span class=\"_ _7\"/>ount with res<span class=\"_ _6\"/>pec<span class=\"_ _1\"/>t to<span class=\"_ _6\"/> trade receivables and u<span class=\"_ _6\"/>nbil<span class=\"_ _6\"/>led revenue on (<span class=\"_ _6\"/>completed<span class=\"_ _1\"/>) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s are used to re<span class=\"_ _1\"/>cord impairment losses unless t<span class=\"_ _1\"/>he Group is satisfi<span class=\"_ _1\"/>ed that no re<span class=\"_ _1\"/>cover<span class=\"_ _1\"/>y of the amount owin<span class=\"_ _1\"/>g is possible. At that p<span class=\"_ _1\"/>oint the amount considere<span class=\"_ _1\"/>d irre<span class=\"_ _1\"/>coverable is wri<span class=\"_ _1\"/>tten of<span class=\"_ _1\"/>f direc<span class=\"_ _1\"/>tly against th<span class=\"_ _1\"/>e allowance. T<span class=\"_ _1\"/>he changes in th<span class=\"_ _1\"/>e aforeme<span class=\"_ _1\"/>ntione<span class=\"_ _1\"/>d balances contributed to chan<span class=\"_ _1\"/>ges in the loss allow<span class=\"_ _1\"/>ance. Consistent with prio<span class=\"_ _1\"/>r year<span class=\"_ _6\"/>, there ar<span class=\"_ _1\"/>e no material tr<span class=\"_ _1\"/>ade recei<span class=\"_ _1\"/>vables whi<span class=\"_ _1\"/>ch were writ<span class=\"_ _1\"/>ten of<span class=\"_ _1\"/>f during 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 and which are<span class=\"_ _6\"/> still s<span class=\"_ _7\"/>ubjec<span class=\"_ _1\"/>t to<span class=\"_ _6\"/> enforc<span class=\"_ _6\"/>ement activity.31<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls37 ws1fa\">EMP<span class=\"_ _7\"/>LO<span class=\"_ _7\"/>YEE<span class=\"_ _7\"/> BENEFIT<span class=\"_ _7\"/>S</span>Ac<span class=\"_ _1\"/>tuarial gains and losses ar<span class=\"_ _1\"/>ising from exp<span class=\"_ _1\"/>erien<span class=\"_ _1\"/>ce adjustments and c<span class=\"_ _1\"/>hanges in ac<span class=\"_ _1\"/>tuarial assumptions are charge<span class=\"_ _1\"/>d or credite<span class=\"_ _1\"/>d to equit<span class=\"_ _1\"/>y in other compr<span class=\"_ _1\"/>ehensive income in the per<span class=\"_ _1\"/>iod in which t<span class=\"_ _1\"/>hey arise. P<span class=\"_ _1\"/>ast<span class=\"_ _6\"/>-ser<span class=\"_ _1\"/>vice costs are re<span class=\"_ _1\"/>cognised imme<span class=\"_ _1\"/>diately in profit o<span class=\"_ _1\"/>r loss. Employee c<span class=\"_ _7\"/>ontributions for wh<span class=\"_ _6\"/>ich the amou<span class=\"_ _6\"/>nt i<span class=\"_ _6\"/>s independent o<span class=\"_ _6\"/>f the nu<span class=\"_ _6\"/>mber of years of se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vice are recognise<span class=\"_ _1\"/>d as a reduc<span class=\"_ _1\"/>tion of th<span class=\"_ _1\"/>e ser<span class=\"_ _1\"/>vice costs in th<span class=\"_ _1\"/>e peri<span class=\"_ _1\"/>od in which the re<span class=\"_ _1\"/>lated ser<span class=\"_ _1\"/>vices are re<span class=\"_ _1\"/>ndere<span class=\"_ _1\"/>d.Actuar<span class=\"_ _1\"/>ial assumptionsPrinc<span class=\"_ _1\"/>ipal actuar<span class=\"_ _1\"/>ial assumptions at the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date (<span class=\"_ _6\"/>express<span class=\"_ _1\"/>ed as a range of w<span class=\"_ _1\"/>eighted averag<span class=\"_ _1\"/>es<span class=\"_ _7\"/>):2022<span class=\"_ _9a\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span>UK<span class=\"_ _58\"> </span><span class=\"ls12b ws13a\">Nethe<span class=\"_ _1\"/>rlands<span class=\"_ _1b\"> </span></span>UK<span class=\"_ _178\"> </span><span class=\"ls12b ws13a\">Netherlan<span class=\"_ _1\"/>ds</span>Discount rate at 31 D<span class=\"_ _1\"/>ecemb<span class=\"_ _1\"/>er<span class=\"_ _116\"> </span>4.85<span class=\"_ _1\"/>%<span class=\"_ _84\"> </span>3.60<span class=\"_ _1\"/>%<span class=\"_ _21\"> </span>1.93<span class=\"_ _1\"/>%<span class=\"_ _5d\"> </span>1.<span class=\"_ _7\"/>10<span class=\"_ _0\"/>%Future salar<span class=\"_ _1\"/>y increases<span class=\"_ _280\"> </span>0.0<span class=\"_ _1\"/>%<span class=\"_ _70\"> </span>0.0<span class=\"_ _1\"/>%<span class=\"_ _7c\"> </span>0.0<span class=\"_ _0\"/>%<span class=\"_ _7c\"> </span>0.0<span class=\"_ _0\"/>%Future pen<span class=\"_ _6\"/>sion inc<span class=\"_ _6\"/>reases<span class=\"_ _dd\"> </span>1.54<span class=\"_ _1\"/>%<span class=\"_ _70\"> </span>0.0<span class=\"_ _1\"/>%<span class=\"_ _5d\"> </span>1.51<span class=\"_ _0\"/>%<span class=\"_ _7c\"> </span>0.0<span class=\"_ _1\"/>%The f<span class=\"_ _1\"/>inancial ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of dif<span class=\"_ _1\"/>ferences be<span class=\"_ _1\"/>twe<span class=\"_ _1\"/>en the ac<span class=\"_ _1\"/>tuarial assumptions an<span class=\"_ _1\"/>d actuals fo<span class=\"_ _1\"/>r the pension liab<span class=\"_ _1\"/>ility and p<span class=\"_ _1\"/>lan assets are includ<span class=\"_ _1\"/>ed in the rem<span class=\"_ _1\"/>easurements<span class=\"_ _1\"/>. For t<span class=\"_ _1\"/>he Neth<span class=\"_ _1\"/>erlandslife exp<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>anc<span class=\"_ _1\"/>y assumptions are derive<span class=\"_ _1\"/>d from th<span class=\"_ _1\"/>e Projec<span class=\"_ _1\"/>tio<span class=\"_ _1\"/>ns Life T<span class=\"_ _6\"/>able AG2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 from t<span class=\"_ _1\"/>he Royal D<span class=\"_ _1\"/>utch Ac<span class=\"_ _1\"/>tuarial A<span class=\"_ _1\"/>ssociati<span class=\"_ _1\"/>on. Th<span class=\"_ _1\"/>e mor<span class=\"_ _1\"/>talit<span class=\"_ _1\"/>y table is adjuste<span class=\"_ _1\"/>d to tailor th<span class=\"_ _1\"/>e mor<span class=\"_ _1\"/>talit<span class=\"_ _1\"/>y figur<span class=\"_ _1\"/>es to the insured pop<span class=\"_ _1\"/>ulation by apply<span class=\"_ _1\"/>ing the exp<span class=\"_ _1\"/>erie<span class=\"_ _1\"/>nce fac<span class=\"_ _1\"/>tors fro<span class=\"_ _1\"/>m the \u2018Centr<span class=\"_ _1\"/>um voor V<span class=\"_ _6\"/>erzekeringsstati<span class=\"_ _7\"/>stiek<span class=\"_ _1\"/>\u2019: the so-cal<span class=\"_ _6\"/>led ES-P<span class=\"_ _1\"/>2 factors<span class=\"_ _1\"/>. For the United Kingdom, the mo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>alit<span class=\"_ _1\"/>y basis adopted is the st<span class=\"_ _1\"/>andard tabl<span class=\"_ _1\"/>e S3P<span class=\"_ _1\"/>x<span class=\"_ _0\"/>A with futur<span class=\"_ _1\"/>e improvement<span class=\"_ _1\"/>s in line with th<span class=\"_ _1\"/>e Continuous Mor<span class=\"_ _1\"/>t<span class=\"_ _1\"/>alit<span class=\"_ _1\"/>y Investigation\u2019s 20<span class=\"_ _1\"/>21 proj<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>ion mod<span class=\"_ _1\"/>el with a lon<span class=\"_ _1\"/>g term improveme<span class=\"_ _1\"/>nt rate of 1.<span class=\"_ _1\"/>2<span class=\"_ _1\"/>5% p<span class=\"_ _1\"/>er annum for all memb<span class=\"_ _1\"/>ers<span class=\"_ _1\"/>.The se<span class=\"_ _1\"/>nsitivit<span class=\"_ _1\"/>y of the def<span class=\"_ _1\"/>ined b<span class=\"_ _1\"/>enefit ob<span class=\"_ _1\"/>ligation to chang<span class=\"_ _1\"/>es in the weighte<span class=\"_ _1\"/>d principal assumpt<span class=\"_ _1\"/>ions is<span class=\"_ _1\"/>:Impact on defined<span class=\"_ _6\"/> benefit obligationCha<span class=\"_ _1\"/>nge i<span class=\"_ _1\"/>n assumptio<span class=\"_ _1\"/>n<span class=\"_ _f2\"> </span><span class=\"ls19e ws19e\">I<span class=\"_ _1\"/>ncrease in<span class=\"_ _6\"/> assumption<span class=\"_ _2b\"> </span>D<span class=\"_ _1\"/>ecrease in assumption</span>Discount r<span class=\"_ _1\"/>ate<span class=\"_ _10a\"> </span><span class=\"ff8\">0.50<span class=\"_ _0\"/>%<span class=\"_ _ed\"> </span>Decrease by 7<span class=\"_ _3\"/>.1<span class=\"_ _1\"/>%<span class=\"_ _22f\"> </span>Increase by 8.1<span class=\"_ _1\"/>%</span>Salar<span class=\"_ _1\"/>y gro<span class=\"_ _1\"/>wt<span class=\"_ _1\"/>h rate<span class=\"_ _23\"> </span><span class=\"ff8\">0.50<span class=\"_ _1\"/>%<span class=\"_ _ed\"> </span>Increase by 0.0<span class=\"_ _1\"/>%<span class=\"_ _8e\"> </span>Decrease by 0.0<span class=\"_ _0\"/>%</span>Pension g<span class=\"_ _1\"/>row<span class=\"_ _1\"/>th rate<span class=\"_ _114\"> </span><span class=\"ff8\">0.50<span class=\"_ _0\"/>%<span class=\"_ _e1\"> </span>Increase by 2.<span class=\"_ _7\"/>1<span class=\"_ _0\"/>%<span class=\"_ _e0\"> </span>Decrease by 2.0<span class=\"_ _1\"/>%</span>Life expect<span class=\"_ _1\"/>ancy<span class=\"_ _1d3\"> </span><span class=\"ff8 ls2 ws2\">1 year<span class=\"_ _ed\"> </span>Increase by 2.9<span class=\"_ _0\"/>%<span class=\"_ _e0\"> </span>Decrease by 2.9<span class=\"_ _1\"/>%</span>The se<span class=\"_ _1\"/>nsitivit<span class=\"_ _1\"/>y analyses are b<span class=\"_ _1\"/>ased on a change in o<span class=\"_ _1\"/>ne assumption while holding all ot<span class=\"_ _1\"/>her ass<span class=\"_ _7\"/>umptions c<span class=\"_ _6\"/>onstant, so th<span class=\"_ _6\"/>at in<span class=\"_ _6\"/>terdependencies between the ass<span class=\"_ _6\"/>umption<span class=\"_ _6\"/>s are ex<span class=\"_ _6\"/>cluded.3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>. <span class=\"_ _d\"> </span><span class=\"ff5 fs6 lsf7 ws3d\">FINANCIAL RISK<span class=\"_ _6\"/> MANA<span class=\"_ _6\"/>GEM<span class=\"_ _1\"/>ENT</span>3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>.2 <span class=\"_ _5b\"> </span><span class=\"ff2 fs3 ls160 ws16d\">Credit risk</span>The G<span class=\"_ _1\"/>roup considers t<span class=\"_ _1\"/>he probabilit<span class=\"_ _1\"/>y of def<span class=\"_ _1\"/>ault upon initial re<span class=\"_ _1\"/>cognition of an asset and wheth<span class=\"_ _1\"/>er there has b<span class=\"_ _1\"/>een a signifi<span class=\"_ _1\"/>cant increase in cre<span class=\"_ _1\"/>dit risk on an ongoing b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s through<span class=\"_ _1\"/>out each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting pe<span class=\"_ _1\"/>riod<span class=\"_ _1\"/>. T<span class=\"_ _7\"/>o assess whet<span class=\"_ _1\"/>her ther<span class=\"_ _1\"/>e is a significant increase in credit r<span class=\"_ _1\"/>isk the company compares the r<span class=\"_ _1\"/>isk of a default occurr<span class=\"_ _1\"/>ing on the asset as at the repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ting date with the r<span class=\"_ _1\"/>isk of default as at the date of initial re<span class=\"_ _1\"/>cognition<span class=\"_ _1\"/>. It considers availa<span class=\"_ _6\"/>ble reason<span class=\"_ _6\"/>able and<span class=\"_ _6\"/> supportive for<span class=\"_ _1\"/>wardin<span class=\"_ _6\"/>g-looking i<span class=\"_ _6\"/>nformation. The Grou<span class=\"_ _6\"/>p applie<span class=\"_ _6\"/>s the low credit ri<span class=\"_ _6\"/>sk s<span class=\"_ _6\"/>impl<span class=\"_ _6\"/>ification to long<span class=\"_ _7\"/>-term loans, deposi<span class=\"_ _6\"/>ts and other long-<span class=\"_ _7\"/>term receiv<span class=\"_ _1\"/>ables and re<span class=\"_ _1\"/>cognises an allowan<span class=\"_ _1\"/>ce for expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d credit losses (<span class=\"_ _1\"/>ECL<span class=\"_ _1\"/>s) for all debt instrume<span class=\"_ _1\"/>nts not hel<span class=\"_ _1\"/>d at fair value t<span class=\"_ _1\"/>hrough prof<span class=\"_ _1\"/>it or loss.ECL<span class=\"_ _1\"/>s are b<span class=\"_ _1\"/>ased on the dif<span class=\"_ _1\"/>feren<span class=\"_ _1\"/>ce bet<span class=\"_ _1\"/>ween th<span class=\"_ _1\"/>e contrac<span class=\"_ _1\"/>tual cash fl<span class=\"_ _1\"/>ows due in accordance with th<span class=\"_ _1\"/>e contrac<span class=\"_ _1\"/>t and all the cash f<span class=\"_ _1\"/>lows that th<span class=\"_ _1\"/>e Group exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ts to re<span class=\"_ _1\"/>ceive, discounted at an approx<span class=\"_ _1\"/>imation of the or<span class=\"_ _1\"/>iginal effe<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>ive interest rate<span class=\"_ _1\"/>. The exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted cash fl<span class=\"_ _1\"/>ows will include cash f<span class=\"_ _1\"/>lows fr<span class=\"_ _1\"/>om the sale of collater<span class=\"_ _1\"/>al held or ot<span class=\"_ _1\"/>her credit e<span class=\"_ _1\"/>nhancements t<span class=\"_ _1\"/>hat are integral to t<span class=\"_ _1\"/>he contrac<span class=\"_ _1\"/>tual ter<span class=\"_ _1\"/>ms (insofar applicabl<span class=\"_ _1\"/>e<span class=\"_ _6\"/>).The Board of Man<span class=\"_ _6\"/>agement reviews the ou<span class=\"_ _6\"/>tstanding trade receivables<span class=\"_ _6\"/> and unbi<span class=\"_ _7\"/>lled revenue o<span class=\"_ _1\"/>n (<span class=\"_ _7\"/>compl<span class=\"_ _1\"/>eted<span class=\"_ _1\"/>) contrac<span class=\"_ _1\"/>ts on an o<span class=\"_ _1\"/>ngoing basis. L<span class=\"_ _1\"/>ocal manage<span class=\"_ _1\"/>ment is requeste<span class=\"_ _1\"/>d to take<span class=\"_ _6\"/> additional<span class=\"_ _6\"/> precaution in<span class=\"_ _6\"/> working with c<span class=\"_ _6\"/>er<span class=\"_ _1\"/>tain<span class=\"_ _6\"/> clients. For trade receivables and unbilled re<span class=\"_ _1\"/>venue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s, th<span class=\"_ _1\"/>e Group has estab<span class=\"_ _1\"/>lished a provision matr<span class=\"_ _1\"/>ix that i<span class=\"_ _6\"/>s bas<span class=\"_ _6\"/>ed on its hist<span class=\"_ _6\"/>orical credit lo<span class=\"_ _6\"/>ss experience, ad<span class=\"_ _6\"/>just<span class=\"_ _6\"/>ed for for<span class=\"_ _1\"/>ward-<span class=\"_ _7\"/>lo<span class=\"_ _1\"/>oking factors specific to the deb<span class=\"_ _6\"/>tors and the econom<span class=\"_ _6\"/>ic envir<span class=\"_ _6\"/>onment. Generally,<span class=\"_ _6\"/> trade receivables are fully impaire<span class=\"_ _1\"/>d if past due more t<span class=\"_ _1\"/>han 1.<span class=\"_ _1\"/>5 year and ar<span class=\"_ _1\"/>e not subjec<span class=\"_ _1\"/>t to enforcement ac<span class=\"_ _1\"/>tivit<span class=\"_ _1\"/>y. The pr<span class=\"_ _1\"/>ovision rates are b<span class=\"_ _1\"/>ased on days past due fo<span class=\"_ _1\"/>r customers<span class=\"_ _1\"/>. The G<span class=\"_ _1\"/>roup considered vari<span class=\"_ _1\"/>ous customer se<span class=\"_ _1\"/>gments that have similar loss pat<span class=\"_ _1\"/>terns (i<span class=\"_ _1\"/>.e., by g<span class=\"_ _1\"/>eogr<span class=\"_ _1\"/>aphy, ser<span class=\"_ _1\"/>vice/produ<span class=\"_ _1\"/>ct t<span class=\"_ _1\"/>yp<span class=\"_ _1\"/>e, industr<span class=\"_ _1\"/>y, customer t<span class=\"_ _1\"/>yp<span class=\"_ _1\"/>e and rating<span class=\"_ _1\"/>, and covera<span class=\"_ _1\"/>ge from cre<span class=\"_ _1\"/>dit insurance where ap<span class=\"_ _1\"/>plicable). The ag<span class=\"_ _1\"/>eing is based on invoice due date. T<span class=\"_ _1\"/>he provision mat<span class=\"_ _1\"/>rix is initially based on t<span class=\"_ _1\"/>he Group\u2019s historic<span class=\"_ _1\"/>al obser<span class=\"_ _1\"/>ved d<span class=\"_ _1\"/>efault rates<span class=\"_ _1\"/>. The Gr<span class=\"_ _1\"/>oup calibrates th<span class=\"_ _1\"/>e matrix to adju<span class=\"_ _6\"/>st the hi<span class=\"_ _6\"/>storical credi<span class=\"_ _6\"/>t loss<span class=\"_ _6\"/> experience with forward-looking in<span class=\"_ _7\"/>for<span class=\"_ _1\"/>ma<span class=\"_ _6\"/>tion con<span class=\"_ _6\"/>sidering current mar<span class=\"_ _1\"/>ket conditions at the re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ting date. A t<span class=\"_ _1\"/>rade re<span class=\"_ _1\"/>ceivable is wr<span class=\"_ _1\"/>itte<span class=\"_ _1\"/>n off wh<span class=\"_ _1\"/>en ther<span class=\"_ _1\"/>e is no reasonable exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tation of re<span class=\"_ _1\"/>covering the contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>tual cash flo<span class=\"_ _1\"/>ws. The assessment of th<span class=\"_ _1\"/>e correlatio<span class=\"_ _1\"/>n bet<span class=\"_ _1\"/>ween histor<span class=\"_ _1\"/>ical obser<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>d default r<span class=\"_ _1\"/>ates, for<span class=\"_ _1\"/>ecast economi<span class=\"_ _1\"/>c conditions and E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>s is an estimate. The s<span class=\"_ _1\"/>ensitivit<span class=\"_ _1\"/>y of the amo<span class=\"_ _1\"/>unt of ECL<span class=\"_ _1\"/>s to changes in circumst<span class=\"_ _1\"/>ances and of forec<span class=\"_ _1\"/>ast economic condit<span class=\"_ _1\"/>ions is limited. Th<span class=\"_ _1\"/>e Group\u2019s hist<span class=\"_ _6\"/>orical credit lo<span class=\"_ _6\"/>ss experience a<span class=\"_ _6\"/>nd forecast o<span class=\"_ _6\"/>f economic c<span class=\"_ _7\"/>onditions may<span class=\"_ _6\"/> not be represe<span class=\"_ _1\"/>ntative of custome<span class=\"_ _1\"/>r\u2019s ac<span class=\"_ _1\"/>tual default in the f<span class=\"_ _1\"/>uture. T<span class=\"_ _1\"/>he Group do<span class=\"_ _1\"/>es not provi<span class=\"_ _1\"/>de detaile<span class=\"_ _1\"/>d informatio<span class=\"_ _1\"/>n on (<span class=\"_ _7\"/>a) the est<span class=\"_ _1\"/>imation techni<span class=\"_ _1\"/>ques and inputs use<span class=\"_ _1\"/>d, (<span class=\"_ _1\"/>b<span class=\"_ _7\"/>) h<span class=\"_ _1\"/>ow the forecast economi<span class=\"_ _6\"/>c cond<span class=\"_ _6\"/>itions h<span class=\"_ _6\"/>ave been inc<span class=\"_ _7\"/>or<span class=\"_ _1\"/>porated in the de<span class=\"_ _6\"/>termina<span class=\"_ _6\"/>tion of ECL and<span class=\"_ _6\"/> (<span class=\"_ _7\"/>c) changes in est<span class=\"_ _1\"/>imation techniqu<span class=\"_ _1\"/>es and inputs use<span class=\"_ _1\"/>d, be<span class=\"_ _1\"/>cause the impac<span class=\"_ _1\"/>t is not signific<span class=\"_ _1\"/>ant.36<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws1c0\">C<span class=\"_ _6\"/>OMMITME<span class=\"_ _1\"/>NTS<span class=\"_ _7\"/> NOT INCL<span class=\"_ _7\"/>U<span class=\"_ _1\"/>DED IN<span class=\"_ _7\"/> THE ST<span class=\"_ _7\"/>A<span class=\"_ _6\"/>TEME<span class=\"_ _1\"/>NT<span class=\"_ _7\"/> OF FINANCIAL<span class=\"_ _6\"/> POSITION</span>Climate commitmentsOn 1<span class=\"_ _1\"/>9 Febr<span class=\"_ _1\"/>uar<span class=\"_ _1\"/>y 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>, Fugro announ<span class=\"_ _1\"/>ced a target of ne<span class=\"_ _1\"/>t zero carbo<span class=\"_ _1\"/>n emissions scope 1 and scope 2 by 2<span class=\"_ _1\"/>03<span class=\"_ _1\"/>5<span class=\"_ _1\"/>. In 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, in su<span class=\"_ _6\"/>ppo<span class=\"_ _1\"/>rt of t<span class=\"_ _1\"/>his target<span class=\"_ _1\"/>, Fugro star<span class=\"_ _1\"/>te<span class=\"_ _1\"/>d develop<span class=\"_ _1\"/>ing science-base<span class=\"_ _1\"/>d targe<span class=\"_ _1\"/>ts on it<span class=\"_ _1\"/>s C<span class=\"_ _6\"/>O emission redu<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>on in line with the S<span class=\"_ _1\"/>cience Base<span class=\"_ _1\"/>d T<span class=\"_ _7\"/>arget<span class=\"_ _1\"/>s initiative 2(SBTi).  I<span class=\"_ _1\"/>n addition to scop<span class=\"_ _1\"/>e 1 and 2<span class=\"_ _1\"/>, science-base<span class=\"_ _1\"/>d target<span class=\"_ _1\"/>s also cover scope 3 emissions. Fugro is a ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ice provider an<span class=\"_ _1\"/>d therefo<span class=\"_ _1\"/>re its client v<span class=\"_ _1\"/>alue chain scope 3 emissions are negligib<span class=\"_ _1\"/>le; scope 3 consists of emissions fro<span class=\"_ _1\"/>m its supply chain<span class=\"_ _1\"/>. C<span class=\"_ _6\"/>O emis<span class=\"_ _6\"/>sions<span class=\"_ _6\"/> from vessel<span class=\"_ _7\"/>s<span class=\"_ _1\"/>, 2both o<span class=\"_ _1\"/>wned and l<span class=\"_ _1\"/>eased, account for app<span class=\"_ _1\"/>roximately 8<span class=\"_ _1\"/>0% of Fu<span class=\"_ _1\"/>gro\u2019s c<span class=\"_ _6\"/>ombine<span class=\"_ _1\"/>d scope 1 and 2 emissions. T<span class=\"_ _1\"/>herefore<span class=\"_ _1\"/>, Fugro\u2019s carb<span class=\"_ _1\"/>on reduc<span class=\"_ _1\"/>tion p<span class=\"_ _1\"/>lan is for a large par<span class=\"_ _1\"/>t a multi-year f<span class=\"_ _1\"/>leet transiti<span class=\"_ _1\"/>on plan, re<span class=\"_ _1\"/>quiring signific<span class=\"_ _1\"/>ant multi-year investments<span class=\"_ _1\"/>. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-22-2": {
   "value": "3.  SIGNIFICANT ACCOUNTING POLICIESThe significant accounting policies have been included in the relevant notes to the consolidated financial statements. Certain new accounting standards and interpretations have been published that are not yet effective for these consolidated financial statements and have not been early adopted by the Group. The impact of these new standards and interpretations are either not expected to be material for Fugro or not applicable to Fugro. Several amendments and interpretations apply for the first time as of 1 January 2022, but these do not have a material impact on the consolidated financial statements of the Group.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-22-3": {
   "value": "3.  SIGNIFICANT ACCOUNTING POLICIESThe significant accounting policies have been included in the relevant notes to the consolidated financial statements. Certain new accounting standards and interpretations have been published that are not yet effective for these consolidated financial statements and have not been early adopted by the Group. The impact of these new standards and interpretations are either not expected to be material for Fugro or not applicable to Fugro. Several amendments and interpretations apply for the first time as of 1 January 2022, but these do not have a material impact on the consolidated financial statements of the Group.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-22-4": {
   "value": "3<span class=\"_ _1\"/>. <span class=\"_ _17e\"> </span><span class=\"ff5 fs6 ls1ef ws47\">SIGN<span class=\"_ _1\"/>IFICANT A<span class=\"_ _7\"/>CC<span class=\"_ _7\"/>OU<span class=\"_ _1\"/>NTING<span class=\"_ _7\"/> POLICIES</span>The signif<span class=\"_ _1\"/>icant accounting polic<span class=\"_ _1\"/>ies have been in<span class=\"_ _1\"/>cluded in th<span class=\"_ _1\"/>e relevant no<span class=\"_ _1\"/>tes to the consolidated f<span class=\"_ _1\"/>inancial statem<span class=\"_ _1\"/>ents. Ce<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ain new accounting stan<span class=\"_ _1\"/>dards and interpret<span class=\"_ _1\"/>ations have bee<span class=\"_ _1\"/>n published that are not y<span class=\"_ _1\"/>et effe<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ve for these consolidate<span class=\"_ _1\"/>d financial st<span class=\"_ _1\"/>atements and have not b<span class=\"_ _1\"/>een earl<span class=\"_ _1\"/>y adopted by t<span class=\"_ _1\"/>he Group<span class=\"_ _1\"/>. The impac<span class=\"_ _1\"/>t of these ne<span class=\"_ _1\"/>w standards and interpret<span class=\"_ _1\"/>ations are eith<span class=\"_ _1\"/>er not exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted to be mater<span class=\"_ _1\"/>ial for Fugro o<span class=\"_ _1\"/>r not applicabl<span class=\"_ _1\"/>e to Fugro. Sever<span class=\"_ _1\"/>al amendme<span class=\"_ _1\"/>nts and interpr<span class=\"_ _1\"/>etations appl<span class=\"_ _1\"/>y for the f<span class=\"_ _1\"/>irst time as of 1 Januar<span class=\"_ _0\"/>y 20<span class=\"_ _1\"/>22<span class=\"_ _1\"/>, but these d<span class=\"_ _1\"/>o not have a material impac<span class=\"_ _1\"/>t on the conso<span class=\"_ _1\"/>lidated financial s<span class=\"_ _1\"/>tatement<span class=\"_ _1\"/>s of the Gro<span class=\"_ _1\"/>up.4<span class=\"_ _1\"/>. <span class=\"_ _178\"> </span><span class=\"ff5 fs6 ls1ef ws47\">OTHE<span class=\"_ _1\"/>R<span class=\"_ _7\"/> AC<span class=\"_ _6\"/>C<span class=\"_ _6\"/>OUNTING POLICIES</span>State<span class=\"_ _1\"/>ment o<span class=\"_ _1\"/>f cash f<span class=\"_ _1\"/>lowsThe consolidate<span class=\"_ _1\"/>d stateme<span class=\"_ _1\"/>nt of cash flows is pre<span class=\"_ _1\"/>pared using the indire<span class=\"_ _1\"/>ct m<span class=\"_ _1\"/>ethod<span class=\"_ _1\"/>. Cash f<span class=\"_ _1\"/>lows in fore<span class=\"_ _1\"/>ign currenci<span class=\"_ _1\"/>es are conver<span class=\"_ _1\"/>ted at the exchan<span class=\"_ _1\"/>ge rate at the dates of t<span class=\"_ _1\"/>he transa<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>ns. Currenc<span class=\"_ _1\"/>y exchang<span class=\"_ _1\"/>e diffe<span class=\"_ _1\"/>rences on cash held ar<span class=\"_ _1\"/>e presented sep<span class=\"_ _1\"/>arately. The line ite<span class=\"_ _1\"/>m interest paid includ<span class=\"_ _1\"/>es cash payments f<span class=\"_ _1\"/>or the interest p<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tion of lease liabilit<span class=\"_ _1\"/>ies.Basis of consolidationAccounting for business combinationsBusiness combinations are a<span class=\"_ _1\"/>cc<span class=\"_ _6\"/>ounted for using th<span class=\"_ _1\"/>e acquisition metho<span class=\"_ _1\"/>d as at the acquisition date, whi<span class=\"_ _1\"/>ch is the date on which contro<span class=\"_ _1\"/>l is transferre<span class=\"_ _1\"/>d to the Gr<span class=\"_ _1\"/>oup. In assessing control, t<span class=\"_ _1\"/>he Group t<span class=\"_ _1\"/>akes into c<span class=\"_ _6\"/>onsider<span class=\"_ _1\"/>ation pote<span class=\"_ _1\"/>ntial voting right<span class=\"_ _1\"/>s, if the right<span class=\"_ _1\"/>s are substantive. N<span class=\"_ _1\"/>on-controlling interest<span class=\"_ _1\"/>s in the acquiree ar<span class=\"_ _1\"/>e measured at the prop<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tionate share of the a<span class=\"_ _1\"/>cqui<span class=\"_ _6\"/>ree\u2019s ident<span class=\"_ _1\"/>ifiable net asset<span class=\"_ _1\"/>s.SubsidiariesSubsidiaries are all ent<span class=\"_ _1\"/>ities (including st<span class=\"_ _1\"/>ruc<span class=\"_ _1\"/>tured ent<span class=\"_ _1\"/>ities<span class=\"_ _6\"/>) over which t<span class=\"_ _1\"/>he group has control. T<span class=\"_ _1\"/>he group controls an entit<span class=\"_ _1\"/>y w<span class=\"_ _1\"/>hen the gro<span class=\"_ _1\"/>up is exposed to<span class=\"_ _1\"/>, or has rights to, variab<span class=\"_ _1\"/>le returns fr<span class=\"_ _1\"/>om its involve<span class=\"_ _1\"/>ment with the e<span class=\"_ _1\"/>ntit<span class=\"_ _1\"/>y and has the abilit<span class=\"_ _1\"/>y to aff<span class=\"_ _1\"/>ect t<span class=\"_ _1\"/>hose returns thr<span class=\"_ _1\"/>ough its p<span class=\"_ _1\"/>ower over t<span class=\"_ _1\"/>he entit<span class=\"_ _1\"/>y. Subs<span class=\"_ _6\"/>idiaries ar<span class=\"_ _1\"/>e fully consolidated f<span class=\"_ _1\"/>rom the date on which contro<span class=\"_ _1\"/>l is transferr<span class=\"_ _1\"/>ed to the gro<span class=\"_ _1\"/>up. They are d<span class=\"_ _1\"/>econsolidated f<span class=\"_ _1\"/>rom the date that con<span class=\"_ _6\"/>trol ce<span class=\"_ _6\"/>ases.Any surplus or d<span class=\"_ _1\"/>eficit ar<span class=\"_ _1\"/>isi<span class=\"_ _6\"/>ng on th<span class=\"_ _1\"/>e loss of control is recognise<span class=\"_ _1\"/>d in profit or loss<span class=\"_ _1\"/>. If the Group r<span class=\"_ _1\"/>etains any interest in the prev<span class=\"_ _1\"/>ious subsidiar<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, it is accounted for as an equit<span class=\"_ _1\"/>y-accounted investee or as an e<span class=\"_ _1\"/>quity s<span class=\"_ _1\"/>ecurit<span class=\"_ _1\"/>y dep<span class=\"_ _1\"/>ending on th<span class=\"_ _1\"/>e level of influe<span class=\"_ _1\"/>nce retained<span class=\"_ _1\"/>.T<span class=\"_ _6\"/>ransac<span class=\"_ _1\"/>tions eliminated on consolidationIntr<span class=\"_ _1\"/>a-group balances and tr<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ions, and any unre<span class=\"_ _1\"/>alised income and exp<span class=\"_ _1\"/>enses arising from intr<span class=\"_ _1\"/>a-group tr<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ions, are eliminate<span class=\"_ _1\"/>d in preparing t<span class=\"_ _1\"/>he consolidated f<span class=\"_ _1\"/>inancial statem<span class=\"_ _1\"/>ents. U<span class=\"_ _1\"/>nrealised gains arising from t<span class=\"_ _1\"/>ransac<span class=\"_ _1\"/>tions with e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y-<span class=\"_ _6\"/>accounted investees are eliminated against t<span class=\"_ _1\"/>he investment to the e<span class=\"_ _1\"/>xte<span class=\"_ _1\"/>nt of the Group\u2019s interest in the investe<span class=\"_ _1\"/>e. Unrealised l<span class=\"_ _1\"/>osses are eliminated in the sam<span class=\"_ _1\"/>e way as unrealised gains, b<span class=\"_ _1\"/>ut only to the extent that there i<span class=\"_ _7\"/>s no objec<span class=\"_ _1\"/>tive e<span class=\"_ _6\"/>vidence of<span class=\"_ _6\"/> impai<span class=\"_ _6\"/>rment c<span class=\"_ _6\"/>onditions.Foreign currenc<span class=\"_ _1\"/>yForei<span class=\"_ _1\"/>gn currency transac<span class=\"_ _1\"/>tions and translationT<span class=\"_ _6\"/>ransac<span class=\"_ _1\"/>tions in for<span class=\"_ _1\"/>eign curren<span class=\"_ _1\"/>cies are tr<span class=\"_ _1\"/>ansla<span class=\"_ _6\"/>ted to th<span class=\"_ _1\"/>e respec<span class=\"_ _1\"/>tive f<span class=\"_ _1\"/>uncti<span class=\"_ _1\"/>onal currenci<span class=\"_ _1\"/>es of Group e<span class=\"_ _1\"/>ntities at exchange r<span class=\"_ _1\"/>ates prevailing at t<span class=\"_ _1\"/>he dates of the tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>ons. Mon<span class=\"_ _1\"/>etar<span class=\"_ _1\"/>y assets an<span class=\"_ _1\"/>d liabilities deno<span class=\"_ _1\"/>minated in foreign cur<span class=\"_ _1\"/>rencies at t<span class=\"_ _1\"/>he repo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ing date are tr<span class=\"_ _1\"/>anslated to the respe<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ve func<span class=\"_ _1\"/>tional curre<span class=\"_ _1\"/>ncy at t<span class=\"_ _1\"/>he foreig<span class=\"_ _1\"/>n exchange rate at t<span class=\"_ _1\"/>hat date. Th<span class=\"_ _1\"/>e foreign cur<span class=\"_ _1\"/>renc<span class=\"_ _1\"/>y gain or loss on mon<span class=\"_ _1\"/>etar<span class=\"_ _1\"/>y items is the dif<span class=\"_ _1\"/>feren<span class=\"_ _1\"/>ce bet<span class=\"_ _1\"/>ween amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost in the func<span class=\"_ _1\"/>tional curre<span class=\"_ _1\"/>nc<span class=\"_ _1\"/>y at the be<span class=\"_ _1\"/>ginning of the year, adjusted for eff<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tive interest and pay<span class=\"_ _1\"/>ments dur<span class=\"_ _1\"/>ing the year, and the amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost in foreign curren<span class=\"_ _1\"/>cy tr<span class=\"_ _1\"/>anslated at the exchan<span class=\"_ _1\"/>ge rate at the e<span class=\"_ _1\"/>nd of the year.Non-mo<span class=\"_ _1\"/>netar<span class=\"_ _1\"/>y asset<span class=\"_ _1\"/>s and liabilities that are me<span class=\"_ _1\"/>asu<span class=\"_ _6\"/>red in ter<span class=\"_ _1\"/>ms of historical cost in a forei<span class=\"_ _1\"/>gn currenc<span class=\"_ _1\"/>y are tr<span class=\"_ _1\"/>anslated using the exchange r<span class=\"_ _1\"/>ate at the date of the t<span class=\"_ _1\"/>ransac<span class=\"_ _1\"/>tion. Non-mo<span class=\"_ _1\"/>netar<span class=\"_ _1\"/>y asset<span class=\"_ _1\"/>s and liabilities den<span class=\"_ _1\"/>ominated in forei<span class=\"_ _1\"/>gn currenci<span class=\"_ _1\"/>es that are measured at fair valu<span class=\"_ _1\"/>e are translated to t<span class=\"_ _1\"/>he func<span class=\"_ _1\"/>tional curr<span class=\"_ _1\"/>enc<span class=\"_ _1\"/>y at foreign exchan<span class=\"_ _1\"/>ge rates ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive at the date th<span class=\"_ _1\"/>e fair value w<span class=\"_ _1\"/>as determine<span class=\"_ _1\"/>d. Fo<span class=\"_ _1\"/>reign curren<span class=\"_ _1\"/>cy dif<span class=\"_ _1\"/>feren<span class=\"_ _1\"/>ces arising on retr<span class=\"_ _1\"/>anslation are reco<span class=\"_ _1\"/>gnised in profit o<span class=\"_ _1\"/>r loss, except for dif<span class=\"_ _1\"/>feren<span class=\"_ _1\"/>ces arising on the retr<span class=\"_ _1\"/>anslation of equit<span class=\"_ _1\"/>y-acc<span class=\"_ _6\"/>ounted investe<span class=\"_ _1\"/>es, a financ<span class=\"_ _1\"/>ial liability d<span class=\"_ _1\"/>esignated as a hedg<span class=\"_ _1\"/>e of the net invest<span class=\"_ _1\"/>ment in a foreig<span class=\"_ _1\"/>n oper<span class=\"_ _1\"/>ation (see bel<span class=\"_ _1\"/>ow) that is effec<span class=\"_ _1\"/>tive<span class=\"_ _1\"/>, or qualif<span class=\"_ _1\"/>ying cash fl<span class=\"_ _1\"/>ow hedg<span class=\"_ _1\"/>es (insofar applic<span class=\"_ _1\"/>able), which are recognise<span class=\"_ _1\"/>d in other compre<span class=\"_ _1\"/>hensive income and accumulated in the f<span class=\"_ _1\"/>oreign curr<span class=\"_ _1\"/>enc<span class=\"_ _1\"/>y translation r<span class=\"_ _1\"/>eser<span class=\"_ _1\"/>ve.Foreign operationsThe asset<span class=\"_ _1\"/>s and liabilities of for<span class=\"_ _1\"/>eign ope<span class=\"_ _1\"/>rations<span class=\"_ _1\"/>, including go<span class=\"_ _1\"/>odwill and f<span class=\"_ _1\"/>air value adjustment<span class=\"_ _1\"/>s arising on acquisition, ar<span class=\"_ _1\"/>e translated to EU<span class=\"_ _1\"/>R at forei<span class=\"_ _1\"/>gn exchange rates eff<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tive at the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date. T<span class=\"_ _1\"/>he income and exp<span class=\"_ _1\"/>enses of forei<span class=\"_ _1\"/>gn oper<span class=\"_ _1\"/>ations are translated to E<span class=\"_ _1\"/>UR at exchang<span class=\"_ _1\"/>e rates ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive at the dates of th<span class=\"_ _1\"/>e transac<span class=\"_ _1\"/>tions<span class=\"_ _1\"/>. Foreign currency differences are<span class=\"_ _6\"/> recogni<span class=\"_ _6\"/>sed in other c<span class=\"_ _7\"/>omprehensive i<span class=\"_ _6\"/>ncome and<span class=\"_ _6\"/> present<span class=\"_ _6\"/>ed in the foreign<span class=\"_ _6\"/> currency translation<span class=\"_ _6\"/> reserve for foreign operations (<span class=\"_ _7\"/>tr<span class=\"_ _1\"/>an<span class=\"_ _6\"/>sla<span class=\"_ _6\"/>tion reser<span class=\"_ _1\"/>ve) in equit<span class=\"_ _1\"/>y. However, if the ope<span class=\"_ _1\"/>ration is a no<span class=\"_ _1\"/>n-wholly own<span class=\"_ _1\"/>ed subsidiar<span class=\"_ _1\"/>y, then the relev<span class=\"_ _1\"/>ant propo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ionate share of the tr<span class=\"_ _1\"/>anslation diff<span class=\"_ _1\"/>erence is allocate<span class=\"_ _1\"/>d to the non-contro<span class=\"_ _1\"/>lling interests<span class=\"_ _1\"/>. When a f<span class=\"_ _1\"/>oreign op<span class=\"_ _1\"/>erati<span class=\"_ _1\"/>on is dis<span class=\"_ _6\"/>pose<span class=\"_ _1\"/>d of, s<span class=\"_ _6\"/>uch that control<span class=\"_ _1\"/>, signific<span class=\"_ _1\"/>ant in<span class=\"_ _6\"/>flu<span class=\"_ _1\"/>ence or joint control is lost<span class=\"_ _1\"/>, the cumulati<span class=\"_ _1\"/>ve amount in the tr<span class=\"_ _1\"/>anslation reser<span class=\"_ _1\"/>ve re<span class=\"_ _1\"/>lated to that fore<span class=\"_ _1\"/>ign oper<span class=\"_ _1\"/>ation is rec<span class=\"_ _1\"/>lassi<span class=\"_ _6\"/>fie<span class=\"_ _1\"/>d to profit o<span class=\"_ _1\"/>r loss as par<span class=\"_ _1\"/>t of the gain or loss on disposal<span class=\"_ _1\"/>.If the settlement of a<span class=\"_ _6\"/> monetar<span class=\"_ _1\"/>y item, rec<span class=\"_ _6\"/>eivable from or payable<span class=\"_ _6\"/> to a foreig<span class=\"_ _6\"/>n operation, is neithe<span class=\"_ _1\"/>r planned no<span class=\"_ _1\"/>r likely in the for<span class=\"_ _1\"/>eseeable f<span class=\"_ _1\"/>uture, fo<span class=\"_ _1\"/>reign exchange g<span class=\"_ _1\"/>ains and losses arising from such m<span class=\"_ _1\"/>onetar<span class=\"_ _1\"/>y ite<span class=\"_ _1\"/>ms are considered to for<span class=\"_ _1\"/>m par<span class=\"_ _1\"/>t of a net investment in a foreign operation and a<span class=\"_ _6\"/>re recogni<span class=\"_ _6\"/>sed in other<span class=\"_ _6\"/> comprehen<span class=\"_ _6\"/>sive i<span class=\"_ _7\"/>ncome and are pre<span class=\"_ _6\"/>sented in the tr<span class=\"_ _1\"/>anslation reser<span class=\"_ _1\"/>ve in e<span class=\"_ _1\"/>quity.Der<span class=\"_ _1\"/>ivative financial instrument<span class=\"_ _1\"/>s and hedge accountingWh<span class=\"_ _1\"/>en a deriv<span class=\"_ _1\"/>ative f<span class=\"_ _1\"/>inancial instrument is not de<span class=\"_ _1\"/>signated in a hedg<span class=\"_ _1\"/>e relationship that qualifies fo<span class=\"_ _1\"/>r hedg<span class=\"_ _1\"/>e accounting, all changes in it<span class=\"_ _1\"/>s fair valu<span class=\"_ _1\"/>e are recognise<span class=\"_ _1\"/>d immediately in profit o<span class=\"_ _1\"/>r loss. Th<span class=\"_ _1\"/>e Group do<span class=\"_ _1\"/>es not engag<span class=\"_ _1\"/>e in material hedg<span class=\"_ _1\"/>ing transac<span class=\"_ _1\"/>tions wit<span class=\"_ _1\"/>h deri<span class=\"_ _1\"/>vatives<span class=\"_ _1\"/>. Accordingly, consi<span class=\"_ _6\"/>stent with pr<span class=\"_ _1\"/>ior year, there are no qualif<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing fair value h<span class=\"_ _1\"/>edge or cash fl<span class=\"_ _1\"/>ow hedg<span class=\"_ _1\"/>e relationships as of 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. The G<span class=\"_ _1\"/>roup does not have separ<span class=\"_ _1\"/>ately accounted emb<span class=\"_ _1\"/>edde<span class=\"_ _1\"/>d deriv<span class=\"_ _1\"/>ative financial liab<span class=\"_ _1\"/>ilities. T<span class=\"_ _1\"/>he Group do<span class=\"_ _1\"/>es not have deri<span class=\"_ _1\"/>vatives emb<span class=\"_ _1\"/>edde<span class=\"_ _1\"/>d within a hybr<span class=\"_ _1\"/>id contrac<span class=\"_ _1\"/>t containing a finan<span class=\"_ _1\"/>cial asset host. 7.<span class=\"_ _1\"/> <span class=\"_ _5a\"> </span><span class=\"ff5 fs6 ls1ef ws47\">SEG<span class=\"_ _1\"/>MENT REPORTING</span>Fugro has four inte<span class=\"_ _1\"/>grated re<span class=\"_ _1\"/>gions: Europ<span class=\"_ _1\"/>e-Afr<span class=\"_ _1\"/>ica (E-A<span class=\"_ _1\"/>), Ame<span class=\"_ _1\"/>ricas (A<span class=\"_ _1\"/>M), A<span class=\"_ _1\"/>sia Pa<span class=\"_ _1\"/>cific (<span class=\"_ _1\"/>APAC) and Middl<span class=\"_ _1\"/>e East &amp; India (M<span class=\"_ _1\"/>EI<span class=\"_ _1\"/>). The organisati<span class=\"_ _1\"/>onal and rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting stru<span class=\"_ _1\"/>cture consists of these fo<span class=\"_ _1\"/>ur regions<span class=\"_ _1\"/>. Within th<span class=\"_ _1\"/>e regions<span class=\"_ _1\"/>, the foll<span class=\"_ _1\"/>owing business line str<span class=\"_ _1\"/>uctur<span class=\"_ _1\"/>e exists: Mar<span class=\"_ _1\"/>ine Site Char<span class=\"_ _1\"/>acter<span class=\"_ _1\"/>isation (M<span class=\"_ _1\"/>SC<span class=\"_ _1\"/>), Marine A<span class=\"_ _1\"/>sset Integr<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y (M<span class=\"_ _1\"/>AI)<span class=\"_ _1\"/>, Land S<span class=\"_ _1\"/>ite Charac<span class=\"_ _1\"/>terisati<span class=\"_ _1\"/>on (L<span class=\"_ _1\"/>SC<span class=\"_ _1\"/>) and L<span class=\"_ _1\"/>and A<span class=\"_ _1\"/>sset Integr<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y (L<span class=\"_ _1\"/>A<span class=\"_ _1\"/>I). T<span class=\"_ _1\"/>he ope<span class=\"_ _1\"/>rating results of t<span class=\"_ _1\"/>he four regi<span class=\"_ _1\"/>ons are direc<span class=\"_ _1\"/>tly repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ted to and revi<span class=\"_ _1\"/>ewed by t<span class=\"_ _1\"/>he Board of M<span class=\"_ _1\"/>anagement<span class=\"_ _1\"/>, being t<span class=\"_ _1\"/>he Chief O<span class=\"_ _1\"/>perat<span class=\"_ _1\"/>ing Decision Maker<span class=\"_ _7\"/>. Segm<span class=\"_ _1\"/>ent results, asset<span class=\"_ _1\"/>s and liabilities inclu<span class=\"_ _1\"/>de items direc<span class=\"_ _1\"/>tly at<span class=\"_ _1\"/>tribut<span class=\"_ _1\"/>able to a segme<span class=\"_ _1\"/>nt as well as those t<span class=\"_ _1\"/>hat can be alloc<span class=\"_ _1\"/>ated on a reasonab<span class=\"_ _1\"/>le basis. Segm<span class=\"_ _1\"/>ent assets are allo<span class=\"_ _1\"/>cated based on t<span class=\"_ _1\"/>he geo<span class=\"_ _1\"/>graphic<span class=\"_ _1\"/>al locati<span class=\"_ _1\"/>on of the op<span class=\"_ _1\"/>erating company using th<span class=\"_ _1\"/>e assets (\u2018region of origin\u2019<span class=\"_ _1\"/>). Fugro all<span class=\"_ _1\"/>ocates corp<span class=\"_ _1\"/>orate exp<span class=\"_ _1\"/>enses, f<span class=\"_ _1\"/>inance income (expenses<span class=\"_ _6\"/>) and assets (<span class=\"_ _1\"/>liabilities<span class=\"_ _6\"/>) that relate to mor<span class=\"_ _1\"/>e than one op<span class=\"_ _1\"/>erating se<span class=\"_ _1\"/>gment to the re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>tabl<span class=\"_ _1\"/>e segment based on n<span class=\"_ _1\"/>et revenue. I<span class=\"_ _1\"/>nter<span class=\"_ _6\"/>-segment pr<span class=\"_ _1\"/>icing is determine<span class=\"_ _1\"/>d on an arm\u2019s length b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s. The E-A<span class=\"_ _0\"/>, AM<span class=\"_ _1\"/>, A<span class=\"_ _1\"/>P<span class=\"_ _6\"/>AC<span class=\"_ _1\"/>, ME<span class=\"_ _1\"/>I oper<span class=\"_ _1\"/>ating segm<span class=\"_ _1\"/>ents gen<span class=\"_ _1\"/>erate revenu<span class=\"_ _1\"/>es from: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Marin<span class=\"_ _1\"/>e environment<span class=\"_ _1\"/>: The dete<span class=\"_ _1\"/>rmination of soil comp<span class=\"_ _1\"/>osition via cone p<span class=\"_ _1\"/>enetr<span class=\"_ _1\"/>ation testing or t<span class=\"_ _1\"/>he acquisition of soil samples an<span class=\"_ _1\"/>d related labo<span class=\"_ _1\"/>rator<span class=\"_ _1\"/>y test<span class=\"_ _1\"/>ing; and the mapping of seab<span class=\"_ _1\"/>ed and ge<span class=\"_ _1\"/>ologi<span class=\"_ _1\"/>cal features and hazards b<span class=\"_ _1\"/>elow using non-invasive techniqu<span class=\"_ _1\"/>es including the re<span class=\"_ _1\"/>lated interpret<span class=\"_ _1\"/>ation and visualisation<span class=\"_ _1\"/>. Its se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vices also include g<span class=\"_ _1\"/>eo consulting, gen<span class=\"_ _1\"/>eral pur<span class=\"_ _1\"/>pose navigati<span class=\"_ _1\"/>on char<span class=\"_ _1\"/>ts and env<span class=\"_ _1\"/>ironmental<span class=\"_ _1\"/>, meteorological &amp; oce<span class=\"_ _6\"/>anographic meas<span class=\"_ _7\"/>urement ser<span class=\"_ _1\"/>vice<span class=\"_ _6\"/>s. In addition, the activities con<span class=\"_ _6\"/>sist<span class=\"_ _6\"/> of pos<span class=\"_ _6\"/>itioning s<span class=\"_ _7\"/>ignals and<span class=\"_ _6\"/> ser<span class=\"_ _1\"/>vices, c<span class=\"_ _7\"/>onstruc<span class=\"_ _1\"/>tion su<span class=\"_ _6\"/>ppor<span class=\"_ _1\"/>t, monitoring a<span class=\"_ _6\"/>nd forecasting services, remote system<span class=\"_ _7\"/>s technology, and i<span class=\"_ _6\"/>nspection, repair and maintenance ser<span class=\"_ _1\"/>vices (<span class=\"_ _1\"/>IR<span class=\"_ _1\"/>M). <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>L<span class=\"_ _1\"/>and environme<span class=\"_ _1\"/>nt: The d<span class=\"_ _1\"/>etermination of s<span class=\"_ _1\"/>oil charac<span class=\"_ _1\"/>teristi<span class=\"_ _1\"/>cs via cone p<span class=\"_ _1\"/>enetr<span class=\"_ _1\"/>ation testing and<span class=\"_ _1\"/>/or the acquisition of soil samples an<span class=\"_ _1\"/>d related lab<span class=\"_ _1\"/>orator<span class=\"_ _1\"/>y test<span class=\"_ _1\"/>ing. Thes<span class=\"_ _1\"/>e ser<span class=\"_ _1\"/>vices<span class=\"_ _6\"/> are offered both ons<span class=\"_ _6\"/>hore and i<span class=\"_ _6\"/>n near s<span class=\"_ _6\"/>hore envir<span class=\"_ _6\"/>onments. In addition, the ac<span class=\"_ _1\"/>tivi<span class=\"_ _1\"/>ties consist of material testing and g<span class=\"_ _1\"/>eo-consulting ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices as well as asset integrit<span class=\"_ _1\"/>y solut<span class=\"_ _1\"/>ions (monitoring<span class=\"_ _1\"/>, analysis, mo<span class=\"_ _1\"/>delling) fo<span class=\"_ _1\"/>r clients in th<span class=\"_ _1\"/>e elec<span class=\"_ _1\"/>tric<span class=\"_ _1\"/>al power busi<span class=\"_ _6\"/>ness, railroad<span class=\"_ _7\"/>s<span class=\"_ _1\"/>, road<span class=\"_ _6\"/>s and in<span class=\"_ _7\"/>fr<span class=\"_ _1\"/>astructure.  8<span class=\"_ _1\"/>. <span class=\"_ _178\"> </span><span class=\"ff5 fs6 ls11f ws3b\">A<span class=\"_ _1\"/>SS<span class=\"_ _1\"/>E<span class=\"_ _1\"/>T<span class=\"_ _1\"/>S HE<span class=\"_ _1\"/>L<span class=\"_ _1\"/>D F<span class=\"_ _1\"/>OR S<span class=\"_ _1\"/>AL<span class=\"_ _1\"/>E</span>Non-<span class=\"_ _1\"/>current assets that ar<span class=\"_ _1\"/>e expe<span class=\"_ _1\"/>cted to b<span class=\"_ _1\"/>e recovere<span class=\"_ _1\"/>d primarily t<span class=\"_ _1\"/>hrough sale r<span class=\"_ _1\"/>ather than through continuing use are c<span class=\"_ _1\"/>lass<span class=\"_ _6\"/>ifie<span class=\"_ _1\"/>d as held for s<span class=\"_ _1\"/>ale. Imme<span class=\"_ _1\"/>diately befo<span class=\"_ _1\"/>re classificatio<span class=\"_ _1\"/>n as held fo<span class=\"_ _1\"/>r sale, thes<span class=\"_ _1\"/>e assets are rem<span class=\"_ _1\"/>easured in accordance with the G<span class=\"_ _1\"/>roup\u2019s acc<span class=\"_ _6\"/>ounting polic<span class=\"_ _1\"/>ies. Th<span class=\"_ _1\"/>ereaf<span class=\"_ _1\"/>ter gene<span class=\"_ _1\"/>rally th<span class=\"_ _1\"/>e assets are measured at th<span class=\"_ _1\"/>e lower of th<span class=\"_ _1\"/>eir carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount and f<span class=\"_ _1\"/>air values less costs to s<span class=\"_ _1\"/>ell. Once classifie<span class=\"_ _1\"/>d as held for s<span class=\"_ _1\"/>ale, intangible assets and p<span class=\"_ _1\"/>roper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment ar<span class=\"_ _1\"/>e no longer am<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tised or de<span class=\"_ _1\"/>preciate<span class=\"_ _1\"/>d, and any equit<span class=\"_ _1\"/>y-accounted investees are no lo<span class=\"_ _1\"/>nger equit<span class=\"_ _1\"/>y-accounted. Discontinue<span class=\"_ _1\"/>d ope<span class=\"_ _1\"/>rations are exc<span class=\"_ _1\"/>luded fro<span class=\"_ _1\"/>m the results of continuing op<span class=\"_ _1\"/>erati<span class=\"_ _1\"/>ons and are presente<span class=\"_ _1\"/>d as a single amount as prof<span class=\"_ _1\"/>it or loss af<span class=\"_ _1\"/>ter tax f<span class=\"_ _1\"/>rom discontinued op<span class=\"_ _1\"/>eratio<span class=\"_ _1\"/>ns in the stateme<span class=\"_ _1\"/>nt of profit o<span class=\"_ _1\"/>r loss. 9. <span class=\"_ _b\"> </span><span class=\"ff5 fs6 ls11c ws203\">REVENUE</span>Revenue is re<span class=\"_ _1\"/>cognised whe<span class=\"_ _1\"/>n control of the pro<span class=\"_ _1\"/>mised goo<span class=\"_ _1\"/>ds or ser<span class=\"_ _1\"/>vices is tr<span class=\"_ _1\"/>ansferre<span class=\"_ _1\"/>d to the G<span class=\"_ _1\"/>roup\u2019s customers<span class=\"_ _1\"/>, in an amount that ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ts the conside<span class=\"_ _1\"/>ration t<span class=\"_ _1\"/>he Group ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ts to be entit<span class=\"_ _1\"/>led to in exchang<span class=\"_ _1\"/>e for those go<span class=\"_ _1\"/>ods or ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices. Fugro p<span class=\"_ _1\"/>rimarily ge<span class=\"_ _1\"/>nerates revenue f<span class=\"_ _1\"/>rom ser<span class=\"_ _1\"/>vices whi<span class=\"_ _1\"/>ch are based on g<span class=\"_ _1\"/>eo-intelligen<span class=\"_ _1\"/>ce derived b<span class=\"_ _1\"/>y acquiring bespo<span class=\"_ _1\"/>ke data and provi<span class=\"_ _1\"/>ding analysis and advisor<span class=\"_ _0\"/>y<span class=\"_ _6\"/>. Revenue f<span class=\"_ _1\"/>rom sales of go<span class=\"_ _1\"/>ods, sof<span class=\"_ _1\"/>tw<span class=\"_ _1\"/>are licences and subscriptio<span class=\"_ _1\"/>n income are not a signif<span class=\"_ _1\"/>icant catego<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y of revenue.Revenue i<span class=\"_ _7\"/>s measured ba<span class=\"_ _6\"/>sed on the con<span class=\"_ _7\"/>sideration contractually agreed with the<span class=\"_ _6\"/> customer. Common consider<span class=\"_ _1\"/>ations are fi<span class=\"_ _1\"/>xed pri<span class=\"_ _1\"/>ce, daily rates or r<span class=\"_ _1\"/>ates per (square) kilom<span class=\"_ _1\"/>etre. Th<span class=\"_ _1\"/>e transac<span class=\"_ _1\"/>tion p<span class=\"_ _1\"/>rice excludes amo<span class=\"_ _1\"/>unts collec<span class=\"_ _1\"/>ted on b<span class=\"_ _1\"/>ehalf of third par<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>, such as value-add<span class=\"_ _1\"/>ed taxes<span class=\"_ _1\"/>. It is common fo<span class=\"_ _1\"/>r the Group\u2019s contra<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s with customer<span class=\"_ _1\"/>s to include liquidate<span class=\"_ _1\"/>d damages<span class=\"_ _1\"/>, weather st<span class=\"_ _1\"/>andby fees o<span class=\"_ _1\"/>r disc<span class=\"_ _6\"/>ounts t<span class=\"_ _1\"/>hat can either inc<span class=\"_ _1\"/>rease or de<span class=\"_ _1\"/>crease the tr<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ion price<span class=\"_ _1\"/>, leading to the consider<span class=\"_ _1\"/>ation to b<span class=\"_ _1\"/>e variabl<span class=\"_ _1\"/>e. Variable considerat<span class=\"_ _1\"/>ions are gene<span class=\"_ _1\"/>rally constr<span class=\"_ _1\"/>ained and re<span class=\"_ _1\"/>cognised as revenu<span class=\"_ _1\"/>e only to the ex<span class=\"_ _1\"/>tent that it is highly pro<span class=\"_ _1\"/>bable that the am<span class=\"_ _1\"/>ount will not be subjec<span class=\"_ _1\"/>t to signific<span class=\"_ _1\"/>ant reversal w<span class=\"_ _1\"/>hen the uncer<span class=\"_ _1\"/>taint<span class=\"_ _1\"/>y is resol<span class=\"_ _1\"/>ved. Th<span class=\"_ _1\"/>e Group estimates v<span class=\"_ _1\"/>ariable consider<span class=\"_ _1\"/>ation using eith<span class=\"_ _1\"/>er the exp<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d value met<span class=\"_ _1\"/>hod or th<span class=\"_ _1\"/>e most likely amount m<span class=\"_ _1\"/>ethod base<span class=\"_ _1\"/>d on which met<span class=\"_ _1\"/>hod bet<span class=\"_ _1\"/>ter pre<span class=\"_ _1\"/>dict<span class=\"_ _1\"/>s the amount of consider<span class=\"_ _1\"/>ation to whic<span class=\"_ _1\"/>h it will be entitl<span class=\"_ _1\"/>ed.The G<span class=\"_ _1\"/>roup\u2019s ser<span class=\"_ _1\"/>vices are t<span class=\"_ _1\"/>ypic<span class=\"_ _1\"/>ally sold in a bundle<span class=\"_ _1\"/>d packag<span class=\"_ _1\"/>e of ser<span class=\"_ _1\"/>vices which to<span class=\"_ _1\"/>gethe<span class=\"_ _1\"/>r form a si<span class=\"_ _6\"/>ngle performance obliga<span class=\"_ _7\"/>t<span class=\"_ _1\"/>ion. Con<span class=\"_ _6\"/>trol of the<span class=\"_ _6\"/> single<span class=\"_ _6\"/> perfor<span class=\"_ _1\"/>manc<span class=\"_ _7\"/>e obligations i<span class=\"_ _7\"/>s gene<span class=\"_ _1\"/>rally tr<span class=\"_ _1\"/>ansferre<span class=\"_ _1\"/>d to the customer ove<span class=\"_ _1\"/>r time. Th<span class=\"_ _1\"/>e transfer of control ove<span class=\"_ _1\"/>r time is suppor<span class=\"_ _1\"/>ted m<span class=\"_ _1\"/>ostly by on<span class=\"_ _1\"/>e of the follow<span class=\"_ _1\"/>ing conditions be<span class=\"_ _1\"/>ing met: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Clauses in the contr<span class=\"_ _1\"/>act t<span class=\"_ _1\"/>hat allow the custom<span class=\"_ _1\"/>er to terminate the contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>, pay fo<span class=\"_ _1\"/>r costs incur<span class=\"_ _1\"/>red plus a reasonabl<span class=\"_ _1\"/>e profit margin and t<span class=\"_ _1\"/>ake control of any work in progr<span class=\"_ _1\"/>ess. The G<span class=\"_ _1\"/>roup does n<span class=\"_ _1\"/>ot create an asset with alter<span class=\"_ _1\"/>native use to the G<span class=\"_ _1\"/>roup. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>The custom<span class=\"_ _1\"/>er simultaneo<span class=\"_ _1\"/>usly receives and consumes the b<span class=\"_ _1\"/>enef<span class=\"_ _1\"/>its prov<span class=\"_ _1\"/>ided by th<span class=\"_ _1\"/>e Group\u2019<span class=\"_ _6\"/>s performance as the<span class=\"_ _6\"/> Group performs.In limited cases<span class=\"_ _1\"/>, the G<span class=\"_ _1\"/>roup may also create or enhance an asset that th<span class=\"_ _1\"/>e customer controls as the asset is create<span class=\"_ _1\"/>d or enhanced.For p<span class=\"_ _1\"/>er<span class=\"_ _1\"/>formance obli<span class=\"_ _1\"/>gations that are satisfi<span class=\"_ _1\"/>ed over time<span class=\"_ _1\"/>, revenue and cost are recognise<span class=\"_ _1\"/>d based on th<span class=\"_ _1\"/>e ex<span class=\"_ _1\"/>tent of progress tow<span class=\"_ _1\"/>ards completion of t<span class=\"_ _1\"/>he per<span class=\"_ _1\"/>forman<span class=\"_ _1\"/>ce obligatio<span class=\"_ _1\"/>n. The s<span class=\"_ _1\"/>elec<span class=\"_ _1\"/>tion of th<span class=\"_ _1\"/>e method to m<span class=\"_ _1\"/>easure progress tow<span class=\"_ _1\"/>ards completion requires jud<span class=\"_ _1\"/>gement and is base<span class=\"_ _1\"/>d on the nature of th<span class=\"_ _1\"/>e ser<span class=\"_ _1\"/>vices to be pr<span class=\"_ _1\"/>ovided<span class=\"_ _1\"/>. The G<span class=\"_ _1\"/>roup gene<span class=\"_ _1\"/>rally dete<span class=\"_ _1\"/>rmines pro<span class=\"_ _1\"/>gress towards complet<span class=\"_ _1\"/>ion by measuring th<span class=\"_ _1\"/>e prop<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tion of ac<span class=\"_ _1\"/>tual cost incurre<span class=\"_ _1\"/>d for work p<span class=\"_ _1\"/>er<span class=\"_ _1\"/>forme<span class=\"_ _1\"/>d to date, compare<span class=\"_ _1\"/>d to total estimated cost to complet<span class=\"_ _1\"/>ion. In t<span class=\"_ _1\"/>he Group\u2019s vie<span class=\"_ _1\"/>w this best depi<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s the Gro<span class=\"_ _1\"/>up\u2019<span class=\"_ _6\"/>s per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>mance in transferr<span class=\"_ _1\"/>ing control of ser<span class=\"_ _1\"/>vi<span class=\"_ _1\"/>ces promised to it<span class=\"_ _1\"/>s customers<span class=\"_ _1\"/>.The acc<span class=\"_ _6\"/>ounti<span class=\"_ _6\"/>ng policy for onerous (<span class=\"_ _7\"/>revenue<span class=\"_ _6\"/>) con<span class=\"_ _6\"/>tract<span class=\"_ _1\"/>s is<span class=\"_ _6\"/> included i<span class=\"_ _6\"/>n <span class=\"fc14 ls2 ws2\">note 32</span><span class=\"ls17b ws1f8\"> P<span class=\"_ _1\"/>rov<span class=\"_ _1\"/>isions<span class=\"_ _1\"/>.</span>Paym<span class=\"_ _1\"/>ent terms for custom<span class=\"_ _1\"/>er contrac<span class=\"_ _1\"/>ts are usually base<span class=\"_ _1\"/>d on sever<span class=\"_ _1\"/>al instalments ove<span class=\"_ _1\"/>r the durati<span class=\"_ _1\"/>on of the contra<span class=\"_ _1\"/>ct base<span class=\"_ _1\"/>d on pre-set contrac<span class=\"_ _1\"/>t mileston<span class=\"_ _1\"/>es. Signif<span class=\"_ _1\"/>icant financing compon<span class=\"_ _1\"/>ents are not pr<span class=\"_ _1\"/>evalent no<span class=\"_ _1\"/>r material within th<span class=\"_ _1\"/>e Group.Contrac<span class=\"_ _1\"/>t balancesWh<span class=\"_ _1\"/>en revenue re<span class=\"_ _1\"/>cognised to date excee<span class=\"_ _1\"/>ds the progr<span class=\"_ _1\"/>ess billings to the customer, the surplus is accounted for as a contra<span class=\"_ _1\"/>ct asset and pres<span class=\"_ _1\"/>ented as unbilled reve<span class=\"_ _1\"/>nue on a contract<span class=\"_ _6\"/>-by<span class=\"_ _6\"/>-contract basi<span class=\"_ _7\"/>s<span class=\"_ _1\"/>. Unbi<span class=\"_ _6\"/>lled revenue<span class=\"_ _6\"/> is ac<span class=\"_ _7\"/>counted net o<span class=\"_ _7\"/>f any impai<span class=\"_ _6\"/>rment los<span class=\"_ _6\"/>ses. Wh<span class=\"_ _1\"/>en progress b<span class=\"_ _1\"/>illings exceed the re<span class=\"_ _1\"/>venue, measure<span class=\"_ _1\"/>d as c<span class=\"_ _6\"/>osts incur<span class=\"_ _1\"/>red plus prof<span class=\"_ _1\"/>its recognise<span class=\"_ _1\"/>d to date, the bala<span class=\"_ _1\"/>nce is acc<span class=\"_ _6\"/>ounted for as a contr<span class=\"_ _1\"/>act liabilit<span class=\"_ _1\"/>y, which is presente<span class=\"_ _1\"/>d as advance instalme<span class=\"_ _1\"/>nts to work in p<span class=\"_ _1\"/>rogress.11<span class=\"_ _1\"/>. <span class=\"_ _eb\"> </span><span class=\"ff5 fs6 ls1ef ws47\">OTHER INC<span class=\"_ _6\"/>OME</span>Ot<span class=\"_ _1\"/>her income consists of income not r<span class=\"_ _1\"/>elated to the ke<span class=\"_ _1\"/>y business acti<span class=\"_ _1\"/>vities of the G<span class=\"_ _1\"/>roup, such a<span class=\"_ _7\"/>s income from the sa<span class=\"_ _6\"/>le of non<span class=\"_ _6\"/>-monetary assets and/<span class=\"_ _6\"/>or liabi<span class=\"_ _7\"/>lities, and/or non-recur<span class=\"_ _1\"/>ring income. L<span class=\"_ _1\"/>icense fees r<span class=\"_ _1\"/>eceived in conn<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>ion with E&amp;<span class=\"_ _1\"/>E assets ar<span class=\"_ _1\"/>e gener<span class=\"_ _1\"/>ally recognise<span class=\"_ _1\"/>d at a point in time wh<span class=\"_ _1\"/>en such fees b<span class=\"_ _1\"/>ecome unconditi<span class=\"_ _1\"/>onal.Gover<span class=\"_ _1\"/>nment grant<span class=\"_ _1\"/>s are recog<span class=\"_ _1\"/>nised initially as defer<span class=\"_ _1\"/>red income at f<span class=\"_ _1\"/>air value whe<span class=\"_ _1\"/>n there is reasonable assurance that t<span class=\"_ _1\"/>hey will be re<span class=\"_ _1\"/>ceived and t<span class=\"_ _1\"/>he Group will compl<span class=\"_ _1\"/>y with the conditions assoc<span class=\"_ _1\"/>iated with th<span class=\"_ _1\"/>e grant. G<span class=\"_ _1\"/>rants t<span class=\"_ _1\"/>hat compensate the G<span class=\"_ _1\"/>roup (p<span class=\"_ _1\"/>art<span class=\"_ _1\"/>ly) for exp<span class=\"_ _1\"/>enses incurred ar<span class=\"_ _1\"/>e recognised in p<span class=\"_ _1\"/>rofit or loss on a s<span class=\"_ _1\"/>ystematic basis in the sam<span class=\"_ _1\"/>e per<span class=\"_ _1\"/>iods in which th<span class=\"_ _1\"/>e expe<span class=\"_ _1\"/>nses are recognised<span class=\"_ _1\"/>. Grant<span class=\"_ _1\"/>s that (<span class=\"_ _1\"/>par<span class=\"_ _1\"/>tly) compensate the Group f<span class=\"_ _1\"/>or the cost of an asset are reco<span class=\"_ _1\"/>gnised in profit o<span class=\"_ _1\"/>r loss on a systemat<span class=\"_ _1\"/>ic basis over the useful life of t<span class=\"_ _1\"/>he asset.14<span class=\"_ _1\"/>. <span class=\"_ _ce\"> </span><span class=\"ff5 fs6 lsf7 ws103\">SHARE<span class=\"_ _16\"> </span><span class=\"ls1ef ws47\">BASED P<span class=\"_ _7\"/>A<span class=\"_ _7\"/>YME<span class=\"_ _1\"/>NTS</span></span>The G<span class=\"_ _1\"/>roup currentl<span class=\"_ _1\"/>y has two a<span class=\"_ _1\"/>ctiv<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y-<span class=\"_ _6\"/>set<span class=\"_ _1\"/>tled share<span class=\"_ _1\"/>-based payment ar<span class=\"_ _1\"/>range<span class=\"_ _1\"/>ments under the long<span class=\"_ _6\"/>-term i<span class=\"_ _7\"/>ncentive plan<span class=\"_ _6\"/>: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>per<span class=\"_ _1\"/>formanc<span class=\"_ _6\"/>e sh<span class=\"_ _6\"/>ares, open for the Board o<span class=\"_ _6\"/>f Management, Executive Leadership T<span class=\"_ _7\"/>eam and other selected senior employees <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>restr<span class=\"_ _1\"/>icte<span class=\"_ _1\"/>d share units, o<span class=\"_ _1\"/>pen for e<span class=\"_ _1\"/>ligible and othe<span class=\"_ _1\"/>r selec<span class=\"_ _1\"/>ted emp<span class=\"_ _1\"/>loyeesAddit<span class=\"_ _1\"/>ionally, the Group p<span class=\"_ _1\"/>reviously op<span class=\"_ _1\"/>erate<span class=\"_ _1\"/>d the follo<span class=\"_ _1\"/>wing plans, whic<span class=\"_ _1\"/>h are par<span class=\"_ _1\"/>tly still vesting: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>restr<span class=\"_ _1\"/>icte<span class=\"_ _1\"/>d shares (Bo<span class=\"_ _1\"/>ard of Managem<span class=\"_ _1\"/>ent, 2<span class=\"_ _1\"/>01<span class=\"_ _1\"/>8 grant only) <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>share<span class=\"_ _6\"/> options, inc<span class=\"_ _6\"/>luding<span class=\"_ _6\"/> perfor<span class=\"_ _1\"/>manc<span class=\"_ _7\"/>e options open for the Board and<span class=\"_ _6\"/> Management, E<span class=\"_ _1\"/>xecutive L<span class=\"_ _1\"/>eader<span class=\"_ _1\"/>ship T<span class=\"_ _7\"/>eam an<span class=\"_ _1\"/>d other sel<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d senior em<span class=\"_ _1\"/>ployees<span class=\"_ _1\"/>, and regular share options, open for eli<span class=\"_ _6\"/>gible a<span class=\"_ _6\"/>nd selected other employees for gran<span class=\"_ _6\"/>ts up to 2021The cost of equit<span class=\"_ _1\"/>y-set<span class=\"_ _1\"/>tled share-base<span class=\"_ _1\"/>d payment ar<span class=\"_ _1\"/>range<span class=\"_ _1\"/>ments is deter<span class=\"_ _1\"/>mined by th<span class=\"_ _1\"/>e fair value at th<span class=\"_ _1\"/>e date when the gr<span class=\"_ _1\"/>ant is made. Se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vice and non-market p<span class=\"_ _1\"/>erf<span class=\"_ _1\"/>ormance conditions are n<span class=\"_ _1\"/>ot taken into account when deter<span class=\"_ _1\"/>mining the gr<span class=\"_ _1\"/>ant date fair value of awards<span class=\"_ _1\"/>, but the likelihoo<span class=\"_ _1\"/>d of the conditi<span class=\"_ _1\"/>ons being met is assessed as par<span class=\"_ _1\"/>t of th<span class=\"_ _1\"/>e company<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s best est<span class=\"_ _1\"/>imate of the number of e<span class=\"_ _1\"/>quity instr<span class=\"_ _1\"/>uments t<span class=\"_ _1\"/>hat will ultimately vest<span class=\"_ _1\"/>. Market p<span class=\"_ _1\"/>er<span class=\"_ _1\"/>formance conditi<span class=\"_ _1\"/>ons are refl<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d within the gr<span class=\"_ _1\"/>ant date fair valu<span class=\"_ _1\"/>e.If awards<span class=\"_ _6\"/> do not ve<span class=\"_ _6\"/>st, due to non-<span class=\"_ _7\"/>market condi<span class=\"_ _6\"/>tions and/<span class=\"_ _7\"/>or ser<span class=\"_ _1\"/>vice c<span class=\"_ _6\"/>onditions<span class=\"_ _6\"/> not being met<span class=\"_ _1\"/>, no exp<span class=\"_ _1\"/>ense is recognised<span class=\"_ _1\"/>. Awards that inc<span class=\"_ _1\"/>lude a market conditio<span class=\"_ _1\"/>n are treated as vested ir<span class=\"_ _1\"/>respec<span class=\"_ _1\"/>tive of whe<span class=\"_ _1\"/>ther the mar<span class=\"_ _1\"/>ket condition is satisfi<span class=\"_ _1\"/>ed, prov<span class=\"_ _1\"/>ided that all ot<span class=\"_ _1\"/>her (<span class=\"_ _6\"/>non-m<span class=\"_ _6\"/>arket) performance c<span class=\"_ _6\"/>ondition<span class=\"_ _6\"/>s and/or<span class=\"_ _6\"/> ser<span class=\"_ _1\"/>vice<span class=\"_ _6\"/> condi<span class=\"_ _6\"/>tions are<span class=\"_ _6\"/> satis<span class=\"_ _7\"/>f<span class=\"_ _1\"/>ied.The gr<span class=\"_ _1\"/>ant<span class=\"_ _6\"/>-date fair v<span class=\"_ _1\"/>alue of equit<span class=\"_ _1\"/>y-settle<span class=\"_ _1\"/>d share-based pay<span class=\"_ _1\"/>ment awards gr<span class=\"_ _1\"/>anted to employe<span class=\"_ _1\"/>es is recognise<span class=\"_ _1\"/>d as personn<span class=\"_ _1\"/>el exp<span class=\"_ _1\"/>ense, with a cor<span class=\"_ _1\"/>responding incr<span class=\"_ _1\"/>ease in equit<span class=\"_ _1\"/>y, over the ves<span class=\"_ _1\"/>ting per<span class=\"_ _1\"/>iod of the aw<span class=\"_ _1\"/>ard. Th<span class=\"_ _1\"/>e cumulative expe<span class=\"_ _1\"/>nse recognised f<span class=\"_ _1\"/>or equit<span class=\"_ _1\"/>y-set<span class=\"_ _1\"/>tled t<span class=\"_ _1\"/>ransac<span class=\"_ _1\"/>tions at each re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ting date until the ves<span class=\"_ _1\"/>ting date refl<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>s the ex<span class=\"_ _1\"/>tent to which th<span class=\"_ _1\"/>e vesting per<span class=\"_ _1\"/>iod has exp<span class=\"_ _1\"/>ired and th<span class=\"_ _1\"/>e company\u2019s best est<span class=\"_ _1\"/>imate of the number of equit<span class=\"_ _1\"/>y shares that will ultimatel<span class=\"_ _1\"/>y vest.15<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls1ef ws47\">IMP<span class=\"_ _6\"/>AIRMENTS OF<span class=\"_ _7\"/> NON<span class=\"_\"> </span><span class=\"lsf7 ws3d\">FINANCIAL ASSETS</span></span>Intangibl<span class=\"_ _1\"/>e assets that have an indef<span class=\"_ _1\"/>inite useful life or intangibl<span class=\"_ _1\"/>e assets not read<span class=\"_ _1\"/>y for use are not subjec<span class=\"_ _1\"/>t to amor<span class=\"_ _1\"/>tisati<span class=\"_ _1\"/>on and are tested a<span class=\"_ _1\"/>nnually for impairme<span class=\"_ _1\"/>nt. Ot<span class=\"_ _1\"/>her non-financial asset<span class=\"_ _1\"/>s that are subjec<span class=\"_ _1\"/>t to depre<span class=\"_ _1\"/>ciation and amo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tisation are rev<span class=\"_ _1\"/>iewed f<span class=\"_ _1\"/>or impairme<span class=\"_ _1\"/>nt whenever eve<span class=\"_ _1\"/>nts or chang<span class=\"_ _1\"/>es in circumstances indicate that th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>ying amount may not b<span class=\"_ _1\"/>e recoverab<span class=\"_ _1\"/>le. The c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unts of the Gr<span class=\"_ _1\"/>oup\u2019s non-<span class=\"_ _6\"/>financial asset<span class=\"_ _1\"/>s other t<span class=\"_ _1\"/>han assets arising from employe<span class=\"_ _1\"/>e benef<span class=\"_ _1\"/>its an<span class=\"_ _1\"/>d deferre<span class=\"_ _1\"/>d tax asset<span class=\"_ _1\"/>s, are re<span class=\"_ _1\"/>viewe<span class=\"_ _1\"/>d at each repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ting date to determ<span class=\"_ _1\"/>ine whethe<span class=\"_ _1\"/>r there is any indicat<span class=\"_ _1\"/>ion of impairment<span class=\"_ _1\"/>. If any such indicati<span class=\"_ _1\"/>on exists<span class=\"_ _1\"/>, then t<span class=\"_ _1\"/>he asset<span class=\"_ _1\"/>\u2019s recoverable am<span class=\"_ _1\"/>ount is estimated. The re<span class=\"_ _1\"/>coverable a<span class=\"_ _1\"/>mount of an asset or cash-gener<span class=\"_ _1\"/>ating unit (C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>) is the higher of it<span class=\"_ _1\"/>s value in use and it<span class=\"_ _1\"/>s fair v<span class=\"_ _1\"/>alue less costs of disposal. I<span class=\"_ _1\"/>n assessi<span class=\"_ _6\"/>ng valu<span class=\"_ _1\"/>e in use, the estimated f<span class=\"_ _1\"/>uture cash fl<span class=\"_ _1\"/>ows are discounted to the<span class=\"_ _1\"/>ir present value using a pre<span class=\"_ _1\"/>-tax discount rate that ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ts curr<span class=\"_ _1\"/>ent market assessments of th<span class=\"_ _1\"/>e time value of mo<span class=\"_ _1\"/>ney and the r<span class=\"_ _1\"/>isks specif<span class=\"_ _1\"/>ic to the asset or cash-ge<span class=\"_ _1\"/>nerat<span class=\"_ _1\"/>ing unit. F<span class=\"_ _1\"/>or the purp<span class=\"_ _1\"/>ose of impairment testing<span class=\"_ _1\"/>, assets that cannot b<span class=\"_ _1\"/>e tested indiv<span class=\"_ _1\"/>idually are group<span class=\"_ _1\"/>ed tog<span class=\"_ _1\"/>ether into the smallest group of assets t<span class=\"_ _1\"/>hat gener<span class=\"_ _1\"/>ates cash inflows f<span class=\"_ _1\"/>rom continuing use that are largel<span class=\"_ _1\"/>y independent o<span class=\"_ _6\"/>f the cas<span class=\"_ _6\"/>h in<span class=\"_ _6\"/>flows of other a<span class=\"_ _6\"/>ssets or cas<span class=\"_ _7\"/>h-gener<span class=\"_ _1\"/>atin<span class=\"_ _6\"/>g unit. The G<span class=\"_ _1\"/>roup\u2019s corpor<span class=\"_ _1\"/>ate assets do not g<span class=\"_ _1\"/>enerate se<span class=\"_ _1\"/>parate cash infl<span class=\"_ _1\"/>ows and are utilised b<span class=\"_ _1\"/>y more than o<span class=\"_ _1\"/>ne cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>. Corpo<span class=\"_ _1\"/>rate assets are all<span class=\"_ _1\"/>ocated to c<span class=\"_ _1\"/>ash<span class=\"_ _6\"/>-gen<span class=\"_ _1\"/>erating units on a r<span class=\"_ _1\"/>easonable and consistent basis and tested fo<span class=\"_ _1\"/>r impairment as par<span class=\"_ _1\"/>t of the testing of th<span class=\"_ _1\"/>e cash gener<span class=\"_ _1\"/>ating units to whic<span class=\"_ _1\"/>h the corpo<span class=\"_ _1\"/>rate asset is allocate<span class=\"_ _1\"/>d.Impairm<span class=\"_ _1\"/>ent losses recognise<span class=\"_ _1\"/>d in prior p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>ds are review<span class=\"_ _1\"/>ed at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date for any indicatio<span class=\"_ _1\"/>ns that the loss has decr<span class=\"_ _1\"/>eased or no lo<span class=\"_ _1\"/>nger exist<span class=\"_ _1\"/>s. A<span class=\"_ _1\"/>n impairment loss is rever<span class=\"_ _1\"/>sed if ther<span class=\"_ _1\"/>e has been a chang<span class=\"_ _1\"/>e in the estimates used to d<span class=\"_ _1\"/>etermine th<span class=\"_ _1\"/>e recover<span class=\"_ _1\"/>able amount<span class=\"_ _1\"/>. An impairme<span class=\"_ _1\"/>nt loss is reverse<span class=\"_ _1\"/>d only to the ex<span class=\"_ _1\"/>tent that th<span class=\"_ _1\"/>e asset<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount do<span class=\"_ _1\"/>es not exceed t<span class=\"_ _1\"/>he carr<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g amount that would have b<span class=\"_ _1\"/>een deter<span class=\"_ _1\"/>mined, n<span class=\"_ _1\"/>et of depreciation or a<span class=\"_ _6\"/>mor<span class=\"_ _1\"/>tisa<span class=\"_ _7\"/>t<span class=\"_ _1\"/>ion, if<span class=\"_ _6\"/> no impai<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ment lo<span class=\"_ _6\"/>ss h<span class=\"_ _6\"/>ad been recognised.1<span class=\"_ _1\"/>7.<span class=\"_ _1\"/> <span class=\"_ _eb\"> </span><span class=\"ff5 fs6 ls11f ws3b\">NE<span class=\"_ _1\"/>T F<span class=\"_ _1\"/>I<span class=\"_ _1\"/>N<span class=\"_ _1\"/>AN<span class=\"_ _1\"/>C<span class=\"_ _1\"/>E </span>(I<span class=\"_ _1\"/>NCO<span class=\"_ _1\"/>ME)/EX<span class=\"_ _1\"/>PENSESNet f<span class=\"_ _1\"/>inance income and exp<span class=\"_ _1\"/>enses consist of finance expe<span class=\"_ _1\"/>nses, finance incom<span class=\"_ _1\"/>e and forei<span class=\"_ _1\"/>gn currenc<span class=\"_ _1\"/>y gains and losses<span class=\"_ _1\"/>. Finance expenses compr<span class=\"_ _1\"/>ises interest exp<span class=\"_ _1\"/>ense on borrowings and lea<span class=\"_ _7\"/>se liabili<span class=\"_ _6\"/>ties, unwind<span class=\"_ _6\"/>ing o<span class=\"_ _6\"/>f the di<span class=\"_ _6\"/>scou<span class=\"_ _6\"/>nt on pr<span class=\"_ _6\"/>ovision<span class=\"_ _7\"/>s<span class=\"_ _1\"/>, los<span class=\"_ _6\"/>ses on disposal of equit<span class=\"_ _1\"/>y se<span class=\"_ _1\"/>curities<span class=\"_ _1\"/>, fair value l<span class=\"_ _1\"/>osses on financial asset<span class=\"_ _1\"/>s at fair valu<span class=\"_ _1\"/>e through profit o<span class=\"_ _1\"/>r loss, impairm<span class=\"_ _1\"/>ent losses recognise<span class=\"_ _1\"/>d on financial asset<span class=\"_ _1\"/>s (<span class=\"_ _6\"/>other t<span class=\"_ _1\"/>han trad<span class=\"_ _1\"/>e receiv<span class=\"_ _1\"/>ables), and losses on hedgin<span class=\"_ _1\"/>g instrument<span class=\"_ _1\"/>s that are recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss.Financ<span class=\"_ _7\"/>e income c<span class=\"_ _6\"/>omprises<span class=\"_ _6\"/> int<span class=\"_ _6\"/>erest inc<span class=\"_ _7\"/>ome on funds in<span class=\"_ _6\"/>vested, dividend i<span class=\"_ _6\"/>ncome, ga<span class=\"_ _6\"/>ins on the disposal of e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y securit<span class=\"_ _1\"/>ies, fa<span class=\"_ _1\"/>ir value gains on financ<span class=\"_ _1\"/>ial assets at fair v<span class=\"_ _1\"/>alue through p<span class=\"_ _1\"/>rofit or loss<span class=\"_ _1\"/>, gains on the re-me<span class=\"_ _1\"/>asu<span class=\"_ _6\"/>reme<span class=\"_ _1\"/>nt to fair value of any pre<span class=\"_ _1\"/>-existing interest in an acquiree<span class=\"_ _1\"/>, and gains on hedgin<span class=\"_ _1\"/>g instrument<span class=\"_ _1\"/>s that are recognise<span class=\"_ _1\"/>d in profit or loss. I<span class=\"_ _1\"/>nterest income is reco<span class=\"_ _1\"/>gnised in profit o<span class=\"_ _1\"/>r loss as it accrues, using th<span class=\"_ _1\"/>e effe<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>ive interest meth<span class=\"_ _1\"/>od. D<span class=\"_ _1\"/>ividen<span class=\"_ _1\"/>d income is recognised in p<span class=\"_ _1\"/>rofit or loss on t<span class=\"_ _1\"/>he date the Gro<span class=\"_ _1\"/>up\u2019s right to re<span class=\"_ _1\"/>ceive payment is est<span class=\"_ _1\"/>ablished, whic<span class=\"_ _1\"/>h in the case of quoted shares is no<span class=\"_ _1\"/>rmally the ex-divid<span class=\"_ _1\"/>end date. Bor<span class=\"_ _1\"/>rowing costs t<span class=\"_ _1\"/>hat are not direc<span class=\"_ _1\"/>tly at<span class=\"_ _1\"/>tribut<span class=\"_ _1\"/>able to the acquisition<span class=\"_ _1\"/>, construc<span class=\"_ _1\"/>tion o<span class=\"_ _1\"/>r produ<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>n of a qualify<span class=\"_ _1\"/>ing asset are recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss usi<span class=\"_ _6\"/>ng the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest meth<span class=\"_ _1\"/>od.For<span class=\"_ _1\"/>eign curren<span class=\"_ _1\"/>cy gains and l<span class=\"_ _1\"/>osses are repor<span class=\"_ _1\"/>te<span class=\"_ _1\"/>d on a net basis as either f<span class=\"_ _1\"/>inance income or finan<span class=\"_ _1\"/>ce c<span class=\"_ _6\"/>ost dep<span class=\"_ _1\"/>ending on whet<span class=\"_ _1\"/>her fore<span class=\"_ _1\"/>ign currenc<span class=\"_ _1\"/>y move<span class=\"_ _1\"/>ments are in a net g<span class=\"_ _1\"/>ain or net loss<span class=\"_ _6\"/> position.18<span class=\"_ _1\"/>. <span class=\"_ _ce\"> </span><span class=\"ff5 fs6 ls204 ws2c\">I<span class=\"_ _1\"/>N<span class=\"_ _1\"/>CO<span class=\"_ _1\"/>M<span class=\"_ _1\"/>E<span class=\"_ _1\"/> TA<span class=\"_ _1\"/>X</span>Income t<span class=\"_ _1\"/>ax exp<span class=\"_ _1\"/>ense comprises curre<span class=\"_ _1\"/>nt and deferre<span class=\"_ _1\"/>d tax<span class=\"_ _1\"/>. Current t<span class=\"_ _1\"/>ax and defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x is recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss except to the ex<span class=\"_ _1\"/>tent that it relates to a business combinatio<span class=\"_ _1\"/>n, or items re<span class=\"_ _1\"/>cognised direc<span class=\"_ _1\"/>tly in e<span class=\"_ _1\"/>quity o<span class=\"_ _1\"/>r in other compreh<span class=\"_ _1\"/>ensive income.Current ta<span class=\"_ _1\"/>x is the exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted tax p<span class=\"_ _1\"/>ayable or re<span class=\"_ _1\"/>ceivabl<span class=\"_ _1\"/>e on the ta<span class=\"_ _1\"/>xable income o<span class=\"_ _1\"/>r loss for the year, using tax r<span class=\"_ _1\"/>ates enacte<span class=\"_ _1\"/>d or substantivel<span class=\"_ _1\"/>y enacte<span class=\"_ _1\"/>d at the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date, and any adjustment to t<span class=\"_ _1\"/>ax payabl<span class=\"_ _1\"/>e in respec<span class=\"_ _1\"/>t of previo<span class=\"_ _1\"/>us years. Cur<span class=\"_ _1\"/>rent tax pay<span class=\"_ _1\"/>able also includes any tax li<span class=\"_ _6\"/>abili<span class=\"_ _6\"/>t<span class=\"_ _1\"/>y ari<span class=\"_ _6\"/>sing<span class=\"_ _6\"/> from the declaration o<span class=\"_ _6\"/>f dividends. The glob<span class=\"_ _6\"/>al developmen<span class=\"_ _6\"/>ts around intro<span class=\"_ _1\"/>duct<span class=\"_ _1\"/>ion of Pillar 2 regulat<span class=\"_ _1\"/>ions are being m<span class=\"_ _1\"/>onitored by F<span class=\"_ _1\"/>ugro. Re<span class=\"_ _1\"/>gulations are highly compl<span class=\"_ _1\"/>ex and not suff<span class=\"_ _1\"/>icientl<span class=\"_ _1\"/>y predic<span class=\"_ _1\"/>table yet<span class=\"_ _1\"/>. Based o<span class=\"_ _1\"/>n Fugro\u2019s approach to tax an<span class=\"_ _1\"/>d the initial analy<span class=\"_ _1\"/>ses per<span class=\"_ _1\"/>form<span class=\"_ _1\"/>ed, no or n<span class=\"_ _1\"/>o material ta<span class=\"_ _1\"/>x impact is ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted to arise from these developmen<span class=\"_ _7\"/>t<span class=\"_ _1\"/>s.Defe<span class=\"_ _1\"/>rred t<span class=\"_ _1\"/>ax is recognise<span class=\"_ _1\"/>d in respec<span class=\"_ _1\"/>t of tempor<span class=\"_ _1\"/>ar<span class=\"_ _1\"/>y diff<span class=\"_ _1\"/>erences bet<span class=\"_ _1\"/>we<span class=\"_ _1\"/>en the car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amount<span class=\"_ _1\"/>s of assets and liabilities fo<span class=\"_ _1\"/>r financial re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ting pur<span class=\"_ _1\"/>poses and the am<span class=\"_ _1\"/>ounts used for ta<span class=\"_ _1\"/>xation p<span class=\"_ _1\"/>urposes<span class=\"_ _1\"/>. Defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x is not recognise<span class=\"_ _1\"/>d for tax<span class=\"_ _1\"/>able temp<span class=\"_ _1\"/>orar<span class=\"_ _1\"/>y dif<span class=\"_ _1\"/>ferences arising on the init<span class=\"_ _1\"/>ial recogniti<span class=\"_ _1\"/>on of goo<span class=\"_ _1\"/>dwill, temp<span class=\"_ _1\"/>orar<span class=\"_ _1\"/>y dif<span class=\"_ _1\"/>ferences on t<span class=\"_ _1\"/>he initial recogni<span class=\"_ _1\"/>tion of assets or liab<span class=\"_ _1\"/>ilities in a transac<span class=\"_ _1\"/>tion t<span class=\"_ _1\"/>hat is not a business combination and that aff<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>s neit<span class=\"_ _1\"/>her accounting nor ta<span class=\"_ _1\"/>xable prof<span class=\"_ _1\"/>it or loss<span class=\"_ _1\"/>, and tempor<span class=\"_ _1\"/>ar<span class=\"_ _1\"/>y diff<span class=\"_ _1\"/>erences related to invest<span class=\"_ _1\"/>ments in subsidiaries an<span class=\"_ _1\"/>d jointly controlle<span class=\"_ _1\"/>d entities to th<span class=\"_ _1\"/>e ex<span class=\"_ _1\"/>tent that it is probabl<span class=\"_ _1\"/>e that they will not re<span class=\"_ _1\"/>verse in the f<span class=\"_ _1\"/>oreseeab<span class=\"_ _1\"/>le future<span class=\"_ _1\"/>. Defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x is measured at the ta<span class=\"_ _1\"/>x rates that are ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted to b<span class=\"_ _1\"/>e applied to temp<span class=\"_ _1\"/>orar<span class=\"_ _1\"/>y dif<span class=\"_ _1\"/>fere<span class=\"_ _1\"/>nces when the<span class=\"_ _1\"/>y rever<span class=\"_ _1\"/>se, based o<span class=\"_ _1\"/>n the laws that have b<span class=\"_ _1\"/>een enac<span class=\"_ _1\"/>ted or substant<span class=\"_ _1\"/>ively enac<span class=\"_ _1\"/>ted by t<span class=\"_ _1\"/>he repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ting date. Def<span class=\"_ _1\"/>erred t<span class=\"_ _1\"/>ax assets an<span class=\"_ _1\"/>d liabilities are of<span class=\"_ _1\"/>fset if the<span class=\"_ _1\"/>re is a legally enforceable r<span class=\"_ _1\"/>ight to off<span class=\"_ _1\"/>set current ta<span class=\"_ _1\"/>x liabilities and asset<span class=\"_ _1\"/>s, and th<span class=\"_ _1\"/>ey relate to income taxes l<span class=\"_ _1\"/>evied b<span class=\"_ _1\"/>y the same ta<span class=\"_ _1\"/>x author<span class=\"_ _1\"/>ity o<span class=\"_ _1\"/>n the same t<span class=\"_ _1\"/>axable e<span class=\"_ _1\"/>ntit<span class=\"_ _1\"/>y<span class=\"_ _7\"/>, o<span class=\"_ _1\"/>r on diffe<span class=\"_ _1\"/>rent tax entities<span class=\"_ _1\"/>, but the<span class=\"_ _1\"/>y intend to sett<span class=\"_ _1\"/>le current ta<span class=\"_ _1\"/>x liabilities and asset<span class=\"_ _1\"/>s on a net basis or the<span class=\"_ _1\"/>ir tax asset<span class=\"_ _1\"/>s and liabilities will b<span class=\"_ _1\"/>e realised simultane<span class=\"_ _1\"/>ously.A defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x asset is recognised fo<span class=\"_ _1\"/>r unused tax l<span class=\"_ _1\"/>osses, ta<span class=\"_ _1\"/>x credit<span class=\"_ _1\"/>s and deduc<span class=\"_ _1\"/>tible tempo<span class=\"_ _1\"/>rar<span class=\"_ _1\"/>y dif<span class=\"_ _1\"/>ferences<span class=\"_ _1\"/>, to the ex<span class=\"_ _1\"/>tent that it is probab<span class=\"_ _1\"/>le that future t<span class=\"_ _1\"/>axable p<span class=\"_ _1\"/>rofit<span class=\"_ _1\"/>s will be available ag<span class=\"_ _1\"/>ainst which the asset can b<span class=\"_ _1\"/>e utilised. D<span class=\"_ _1\"/>eferre<span class=\"_ _1\"/>d tax asset<span class=\"_ _1\"/>s are revie<span class=\"_ _1\"/>wed at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date and are re<span class=\"_ _1\"/>duced to the e<span class=\"_ _1\"/>xte<span class=\"_ _1\"/>nt that it is no longer pr<span class=\"_ _1\"/>obable that th<span class=\"_ _1\"/>e related t<span class=\"_ _1\"/>ax be<span class=\"_ _1\"/>nefit will b<span class=\"_ _1\"/>e realised; such redu<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>ns are reverse<span class=\"_ _1\"/>d when th<span class=\"_ _1\"/>e probabilit<span class=\"_ _1\"/>y of future t<span class=\"_ _1\"/>axable prof<span class=\"_ _1\"/>its improvesAddit<span class=\"_ _1\"/>ional income ta<span class=\"_ _1\"/>xes that arise fro<span class=\"_ _1\"/>m the distributi<span class=\"_ _1\"/>on of dividen<span class=\"_ _1\"/>ds are recognise<span class=\"_ _1\"/>d at the sam<span class=\"_ _1\"/>e time as the liabilit<span class=\"_ _1\"/>y to pay the re<span class=\"_ _1\"/>lated divid<span class=\"_ _1\"/>end.In deter<span class=\"_ _1\"/>mining the amount of curr<span class=\"_ _1\"/>ent and defer<span class=\"_ _1\"/>red ta<span class=\"_ _1\"/>x the Gro<span class=\"_ _1\"/>up takes into account the impac<span class=\"_ _1\"/>t of uncer<span class=\"_ _1\"/>tain tax p<span class=\"_ _1\"/>ositions and whe<span class=\"_ _1\"/>ther additi<span class=\"_ _1\"/>onal taxes an<span class=\"_ _1\"/>d interest may be due<span class=\"_ _1\"/>. The G<span class=\"_ _1\"/>roup belie<span class=\"_ _1\"/>ves that its accr<span class=\"_ _1\"/>uals for tax liabiliti<span class=\"_ _1\"/>es are adequate f<span class=\"_ _1\"/>or all open t<span class=\"_ _1\"/>ax years based on it<span class=\"_ _1\"/>s assessment of many fac<span class=\"_ _1\"/>tors<span class=\"_ _1\"/>, including interpr<span class=\"_ _1\"/>etations of ta<span class=\"_ _1\"/>x law and pri<span class=\"_ _1\"/>or exp<span class=\"_ _1\"/>erience<span class=\"_ _1\"/>. This assessment relies on estimates an<span class=\"_ _1\"/>d ass<span class=\"_ _6\"/>umptions and may involve a seri<span class=\"_ _1\"/>es of judgement<span class=\"_ _1\"/>s about f<span class=\"_ _1\"/>uture events<span class=\"_ _1\"/>. New infor<span class=\"_ _1\"/>mation may b<span class=\"_ _1\"/>ecome available t<span class=\"_ _1\"/>hat causes the G<span class=\"_ _1\"/>roup to change it<span class=\"_ _1\"/>s judgem<span class=\"_ _1\"/>ent regarding th<span class=\"_ _1\"/>e adequac<span class=\"_ _1\"/>y of exist<span class=\"_ _1\"/>ing tax liabilities; such chang<span class=\"_ _1\"/>es to tax liabiliti<span class=\"_ _1\"/>es will impact t<span class=\"_ _1\"/>ax exp<span class=\"_ _1\"/>ense in the pe<span class=\"_ _1\"/>riod t<span class=\"_ _1\"/>hat such a determina<span class=\"_ _7\"/>t<span class=\"_ _1\"/>ion i<span class=\"_ _6\"/>s made.19.<span class=\"_ _1\"/> <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls1c0 ws1cd\">PROPERTY,<span class=\"_ _7\"/> PL<span class=\"_ _1\"/>ANT AND EQUIPM<span class=\"_ _1\"/>ENT</span>Items of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment are measure<span class=\"_ _1\"/>d at co<span class=\"_ _6\"/>st less accumulated depre<span class=\"_ _1\"/>ciation and a<span class=\"_ _1\"/>ccumulated impairment losses<span class=\"_ _1\"/>. The cost of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and equipme<span class=\"_ _1\"/>nt includes exp<span class=\"_ _1\"/>enditure that is direc<span class=\"_ _1\"/>tly at<span class=\"_ _1\"/>tribut<span class=\"_ _1\"/>able to the a<span class=\"_ _1\"/>cqui<span class=\"_ _6\"/>sition of th<span class=\"_ _1\"/>e asset. T<span class=\"_ _1\"/>he cost of self-construc<span class=\"_ _1\"/>ted assets inclu<span class=\"_ _1\"/>des the costs of mater<span class=\"_ _1\"/>ials and direc<span class=\"_ _1\"/>t labour, any other costs dir<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>ly att<span class=\"_ _1\"/>ributable to b<span class=\"_ _1\"/>ringing the asset<span class=\"_ _1\"/>s to a work<span class=\"_ _1\"/>ing condition for th<span class=\"_ _1\"/>eir intended use<span class=\"_ _1\"/>, the costs of dismantling and rem<span class=\"_ _1\"/>oving the items and r<span class=\"_ _1\"/>estoring the site on whi<span class=\"_ _1\"/>ch they are lo<span class=\"_ _1\"/>cated and c<span class=\"_ _1\"/>apitalised b<span class=\"_ _1\"/>orrow<span class=\"_ _1\"/>ing costs. P<span class=\"_ _1\"/>urchased sof<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ware that is integral to t<span class=\"_ _1\"/>he func<span class=\"_ _1\"/>tionalit<span class=\"_ _1\"/>y of the r<span class=\"_ _1\"/>elated equipme<span class=\"_ _1\"/>nt is capitalised as par<span class=\"_ _1\"/>t of that equi<span class=\"_ _1\"/>pment<span class=\"_ _1\"/>.Prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and equipm<span class=\"_ _1\"/>ent that is being constr<span class=\"_ _1\"/>ucte<span class=\"_ _1\"/>d or develo<span class=\"_ _1\"/>ped fo<span class=\"_ _1\"/>r future use is classified as pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment und<span class=\"_ _1\"/>er construc<span class=\"_ _1\"/>tion an<span class=\"_ _1\"/>d stated at cost until construc<span class=\"_ _1\"/>tion o<span class=\"_ _1\"/>r develop<span class=\"_ _1\"/>ment is complete, at which t<span class=\"_ _1\"/>ime it is reclassifie<span class=\"_ _1\"/>d as land and buildings, pla<span class=\"_ _1\"/>nt and equipment<span class=\"_ _1\"/>, vessels (including jac<span class=\"_ _1\"/>k<span class=\"_ _7\"/>-ups) or other pro<span class=\"_ _1\"/>per<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipm<span class=\"_ _1\"/>ent. Pro<span class=\"_ _1\"/>per<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment is reco<span class=\"_ _1\"/>gnised from t<span class=\"_ _1\"/>he point in time when t<span class=\"_ _1\"/>he Group obt<span class=\"_ _1\"/>ains control. Any (<span class=\"_ _1\"/>pre-)payment<span class=\"_ _1\"/>s made bef<span class=\"_ _1\"/>ore that po<span class=\"_ _1\"/>int in time are classifie<span class=\"_ _1\"/>d as other long-ter<span class=\"_ _1\"/>m asset. Wh<span class=\"_ _1\"/>en par<span class=\"_ _1\"/>ts of an item of pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipme<span class=\"_ _1\"/>nt have different usef<span class=\"_ _1\"/>ul lives, the<span class=\"_ _1\"/>y are accounted for as separ<span class=\"_ _1\"/>ate items (ma<span class=\"_ _6\"/>jor compon<span class=\"_ _1\"/>ents<span class=\"_ _6\"/>) of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and equipme<span class=\"_ _1\"/>nt. The g<span class=\"_ _1\"/>ain or loss on disposal of an item of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>ty, plant and e<span class=\"_ _1\"/>quipment is determine<span class=\"_ _1\"/>d by comparing th<span class=\"_ _1\"/>e procee<span class=\"_ _1\"/>ds from disposal with th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g amount of the prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and equipm<span class=\"_ _1\"/>ent, and is recognise<span class=\"_ _1\"/>d net within \u2018other incom<span class=\"_ _1\"/>e\u2019 or \u2018other exp<span class=\"_ _1\"/>enses\u2019 in profit or l<span class=\"_ _1\"/>oss. Subseque<span class=\"_ _1\"/>nt co<span class=\"_ _6\"/>sts ar<span class=\"_ _1\"/>e included in th<span class=\"_ _1\"/>e asset<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount or reco<span class=\"_ _1\"/>gnised as a separ<span class=\"_ _1\"/>ate asset, as appro<span class=\"_ _1\"/>priate, onl<span class=\"_ _1\"/>y when it is prob<span class=\"_ _1\"/>able that future e<span class=\"_ _1\"/>conomic b<span class=\"_ _1\"/>enefit<span class=\"_ _1\"/>s associated w<span class=\"_ _1\"/>ith the item will f<span class=\"_ _1\"/>low to th<span class=\"_ _1\"/>e group and the cost of th<span class=\"_ _1\"/>e item can be me<span class=\"_ _1\"/>asu<span class=\"_ _6\"/>red reliably. The c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt of any c<span class=\"_ _6\"/>ompo<span class=\"_ _1\"/>nent accounted for as a separ<span class=\"_ _1\"/>ate asset is dere<span class=\"_ _1\"/>cognised whe<span class=\"_ _1\"/>n replaced<span class=\"_ _1\"/>. All other r<span class=\"_ _1\"/>epairs and maintenance are char<span class=\"_ _1\"/>ged to prof<span class=\"_ _1\"/>it or loss during th<span class=\"_ _1\"/>e repor<span class=\"_ _1\"/>ting p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d in which the<span class=\"_ _1\"/>y are incurred<span class=\"_ _1\"/>.Dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n is based on the cost of an asset less it<span class=\"_ _1\"/>s residual value<span class=\"_ _1\"/>. Significant compon<span class=\"_ _1\"/>ents of individual asset<span class=\"_ _1\"/>s are assessed and if a comp<span class=\"_ _1\"/>onent has a useful life that is diffe<span class=\"_ _1\"/>rent from th<span class=\"_ _1\"/>e remainder of that asset<span class=\"_ _1\"/>, that compon<span class=\"_ _1\"/>ent is depreciate<span class=\"_ _1\"/>d separ<span class=\"_ _1\"/>ately. Dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n is recognised in prof<span class=\"_ _1\"/>it or loss on a str<span class=\"_ _1\"/>aight-<span class=\"_ _6\"/>line basis over the estimate<span class=\"_ _1\"/>d useful lives of each comp<span class=\"_ _1\"/>onent of an item of pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment<span class=\"_ _1\"/>. Dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n methods<span class=\"_ _1\"/>, useful lives and residual v<span class=\"_ _1\"/>alues are revi<span class=\"_ _1\"/>ewed at ea<span class=\"_ _1\"/>ch repor<span class=\"_ _1\"/>ting date and adjusted if app<span class=\"_ _1\"/>ropriate. T<span class=\"_ _1\"/>he estimated usef<span class=\"_ _1\"/>ul lives for the cur<span class=\"_ _1\"/>rent and comparat<span class=\"_ _1\"/>ive peri<span class=\"_ _1\"/>od of signific<span class=\"_ _1\"/>ant items of proper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipme<span class=\"_ _1\"/>nt are as follows:Refer to <span class=\"fc14\">no<span class=\"_ _1\"/>te 15</span> Impair<span class=\"_ _1\"/>ments of no<span class=\"_ _1\"/>n-<span class=\"_ _6\"/>financial asset<span class=\"_ _1\"/>s for mor<span class=\"_ _1\"/>e details on Fugro\u2019s approa<span class=\"_ _1\"/>ch to impairment of it<span class=\"_ _1\"/>s proper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipm<span class=\"_ _1\"/>ent.Category<span class=\"_ _13f\"> </span><span class=\"ff2 fs36 ls208 ws214\">Yea<span class=\"_ _1\"/>r<span class=\"_ _1\"/>s</span>L<span class=\"_ _1\"/>and<span class=\"_ _20c\"> </span><span class=\"ls2 ws2\">Infinite</span>Buildings <span class=\"_ _20d\"> </span>20 \u2013 40Plant and e<span class=\"_ _1\"/>quipment inc<span class=\"_ _1\"/>luding ROVs<span class=\"_ _1\"/>, USVs, a<span class=\"_ _1\"/>erial vehi<span class=\"_ _1\"/>cles, e<span class=\"_ _1\"/>tc.<span class=\"_ _1a8\"> </span>3 \u2013 10Vessels including ja<span class=\"_ _1\"/>ck-up platfor<span class=\"_ _1\"/>ms<span class=\"_ _1bb\"> </span>2 \u2013 25Other<span class=\"_ _71\"> </span><span class=\"ls2 ws2\">1 \u2013 5</span>20<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws1f9\">LEASES</span>Accounting policies Fug<span class=\"_ _1\"/>ro as lesseeDef<span class=\"_ _1\"/>initi<span class=\"_ _1\"/>on of a leaseAt inceptio<span class=\"_ _1\"/>n of a contrac<span class=\"_ _1\"/>t, th<span class=\"_ _1\"/>e Group assesses whe<span class=\"_ _1\"/>ther a contra<span class=\"_ _1\"/>ct is, o<span class=\"_ _1\"/>r contains, a lease. A contrac<span class=\"_ _1\"/>t is, or cont<span class=\"_ _1\"/>ains, a lease if the contr<span class=\"_ _1\"/>act convey<span class=\"_ _1\"/>s the right to control t<span class=\"_ _1\"/>he use of an identified as<span class=\"_ _6\"/>set for a period of<span class=\"_ _6\"/> time in<span class=\"_ _6\"/> exchange<span class=\"_ _6\"/> for con<span class=\"_ _6\"/>sideration. At inc<span class=\"_ _7\"/>eption or on reassessment of a contra<span class=\"_ _1\"/>ct that contains a lease comp<span class=\"_ _1\"/>onent and on<span class=\"_ _1\"/>e or more addit<span class=\"_ _1\"/>ional lease or<span class=\"_ _6\"/> non-lea<span class=\"_ _7\"/>se components, the Group allocate<span class=\"_ _6\"/>s the con<span class=\"_ _7\"/>sideration in the c<span class=\"_ _6\"/>ontract to each lease comp<span class=\"_ _1\"/>onent on th<span class=\"_ _1\"/>e basis of their relative st<span class=\"_ _1\"/>and-alone selling pr<span class=\"_ _1\"/>ices. How<span class=\"_ _1\"/>ever, for leases of pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y and e<span class=\"_ _1\"/>quipment, t<span class=\"_ _1\"/>he Group has ele<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d not to separ<span class=\"_ _1\"/>ate non-lease components and<span class=\"_ _6\"/> acc<span class=\"_ _6\"/>ount<span class=\"_ _6\"/> for the lease<span class=\"_ _6\"/> and non-<span class=\"_ _7\"/>lease components as<span class=\"_ _6\"/> a si<span class=\"_ _6\"/>ngle lea<span class=\"_ _6\"/>se component. Recognitio<span class=\"_ _6\"/>n and me<span class=\"_ _6\"/>asuremen<span class=\"_ _6\"/>tThe G<span class=\"_ _1\"/>roup recognises a r<span class=\"_ _1\"/>ight<span class=\"_ _6\"/>-of-use a<span class=\"_ _6\"/>sset and lease liabilit<span class=\"_ _1\"/>y at th<span class=\"_ _1\"/>e lease commenc<span class=\"_ _6\"/>ement d<span class=\"_ _6\"/>ate. The Group a<span class=\"_ _6\"/>pplies the<span class=\"_ _6\"/> short-<span class=\"_ _6\"/>term lease<span class=\"_ _6\"/> recognition e<span class=\"_ _6\"/>xemption t<span class=\"_ _6\"/>o its sho<span class=\"_ _1\"/>rt te<span class=\"_ _1\"/>rm leases of vessels<span class=\"_ _1\"/>, proper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y and e<span class=\"_ _1\"/>quipment (i.<span class=\"_ _1\"/>e., those l<span class=\"_ _1\"/>eases that have a lease ter<span class=\"_ _1\"/>m of 12 months or less f<span class=\"_ _1\"/>rom the comme<span class=\"_ _1\"/>ncement date and do not contain a purchase optio<span class=\"_ _1\"/>n<span class=\"_ _6\"/>). The G<span class=\"_ _1\"/>roup also applies th<span class=\"_ _1\"/>e lease of low-value asset<span class=\"_ _1\"/>s recognit<span class=\"_ _1\"/>ion exemption. Lease<span class=\"_ _6\"/> payments on short<span class=\"_ _6\"/>-term lea<span class=\"_ _7\"/>ses and lease<span class=\"_ _6\"/>s of low<span class=\"_ _6\"/>-value a<span class=\"_ _6\"/>ssets are<span class=\"_ _6\"/> recognise<span class=\"_ _1\"/>d as an expense o<span class=\"_ _1\"/>n a straight-line basis over the lease term<span class=\"_ _1\"/>.The r<span class=\"_ _1\"/>ight<span class=\"_ _7\"/>-<span class=\"_ _1\"/>of<span class=\"_ _6\"/>-use asset is initially measured at cost. Cost comp<span class=\"_ _1\"/>rises the initial am<span class=\"_ _1\"/>ount of the le<span class=\"_ _1\"/>ase liability adjuste<span class=\"_ _1\"/>d for any lease pay<span class=\"_ _1\"/>ments made at o<span class=\"_ _1\"/>r before t<span class=\"_ _1\"/>he commenceme<span class=\"_ _1\"/>nt date, plus any initial direc<span class=\"_ _1\"/>t costs incurr<span class=\"_ _1\"/>ed and an estimate of costs to dismantle and remove t<span class=\"_ _1\"/>he underl<span class=\"_ _1\"/>ying asset or to restor<span class=\"_ _1\"/>e the under<span class=\"_ _1\"/>lying asset or th<span class=\"_ _1\"/>e site on which it is lo<span class=\"_ _1\"/>cated<span class=\"_ _1\"/>, less any lease incentives re<span class=\"_ _1\"/>ceived.The r<span class=\"_ _1\"/>ight<span class=\"_ _7\"/>-<span class=\"_ _1\"/>of<span class=\"_ _6\"/>-use asset is sub<span class=\"_ _6\"/>seque<span class=\"_ _1\"/>ntly depre<span class=\"_ _1\"/>ciated using the st<span class=\"_ _1\"/>raight-l<span class=\"_ _6\"/>ine meth<span class=\"_ _1\"/>od from the comme<span class=\"_ _1\"/>ncement date to the ear<span class=\"_ _1\"/>lier of the end of t<span class=\"_ _1\"/>he useful life of the r<span class=\"_ _1\"/>ight<span class=\"_ _7\"/>-<span class=\"_ _1\"/>of<span class=\"_ _6\"/>-use asset or the en<span class=\"_ _1\"/>d of the lease ter<span class=\"_ _1\"/>m. The es<span class=\"_ _1\"/>timated useful lives of ri<span class=\"_ _1\"/>ght<span class=\"_ _7\"/>-of-use assets are determ<span class=\"_ _1\"/>ined on th<span class=\"_ _1\"/>e same basis as those of prope<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>y, plant and equipm<span class=\"_ _1\"/>ent. In ad<span class=\"_ _1\"/>dition, the r<span class=\"_ _1\"/>ight<span class=\"_ _7\"/>-<span class=\"_ _1\"/>of<span class=\"_ _7\"/>-use asset is pe<span class=\"_ _1\"/>riodic<span class=\"_ _1\"/>ally reduce<span class=\"_ _1\"/>d by impairment losses<span class=\"_ _1\"/>, if any<span class=\"_ _6\"/>, and adjusted for certain remeas<span class=\"_ _7\"/>urements of the lease<span class=\"_ _6\"/> liabi<span class=\"_ _6\"/>lity.The l<span class=\"_ _1\"/>ease liability is me<span class=\"_ _1\"/>asu<span class=\"_ _6\"/>red at th<span class=\"_ _1\"/>e present valu<span class=\"_ _1\"/>e of the lease paym<span class=\"_ _1\"/>ents that are no<span class=\"_ _1\"/>t paid at the comm<span class=\"_ _1\"/>encement date. T<span class=\"_ _1\"/>he discount rate is the interest r<span class=\"_ _1\"/>ate implicit in the lease or, if that rate cannot b<span class=\"_ _1\"/>e readily dete<span class=\"_ _1\"/>rmined<span class=\"_ _1\"/>, the Gro<span class=\"_ _1\"/>up\u2019<span class=\"_ _6\"/>s increme<span class=\"_ _1\"/>ntal bor<span class=\"_ _1\"/>rowing rate. G<span class=\"_ _1\"/>ener<span class=\"_ _1\"/>ally, the Group uses it<span class=\"_ _1\"/>s increm<span class=\"_ _1\"/>ental bor<span class=\"_ _1\"/>rowing r<span class=\"_ _1\"/>ate as the discount rate.The G<span class=\"_ _1\"/>roup deter<span class=\"_ _1\"/>mines the lease ter<span class=\"_ _1\"/>m as the non-c<span class=\"_ _1\"/>ancellable term of th<span class=\"_ _1\"/>e lease, tog<span class=\"_ _1\"/>ether with any p<span class=\"_ _1\"/>eriods covere<span class=\"_ _1\"/>d by an option to e<span class=\"_ _1\"/>xte<span class=\"_ _1\"/>nd the lease if it is reasonab<span class=\"_ _1\"/>ly cer<span class=\"_ _1\"/>tain to be exercise<span class=\"_ _1\"/>d, or any pe<span class=\"_ _1\"/>riods covere<span class=\"_ _1\"/>d by an option to ter<span class=\"_ _1\"/>minate the lease<span class=\"_ _1\"/>, if it is reasonably cer<span class=\"_ _1\"/>tain not to be e<span class=\"_ _1\"/>xercised.Lease p<span class=\"_ _1\"/>ayments inc<span class=\"_ _1\"/>luded in the m<span class=\"_ _1\"/>easurement of the lease liabilit<span class=\"_ _1\"/>y compr<span class=\"_ _1\"/>ise the following: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>fix<span class=\"_ _1\"/>ed payme<span class=\"_ _1\"/>nts, inclu<span class=\"_ _1\"/>ding in-<span class=\"_ _7\"/>subst<span class=\"_ _1\"/>ance fixe<span class=\"_ _1\"/>d payment<span class=\"_ _1\"/>s; <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>variab<span class=\"_ _1\"/>le lease paym<span class=\"_ _1\"/>ents that dep<span class=\"_ _1\"/>end on an inde<span class=\"_ _1\"/>x, initia<span class=\"_ _1\"/>lly measured using the inde<span class=\"_ _1\"/>x as at the commencem<span class=\"_ _1\"/>ent date; <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>amount<span class=\"_ _1\"/>s expe<span class=\"_ _1\"/>cted to b<span class=\"_ _1\"/>e payable un<span class=\"_ _1\"/>der a residual valu<span class=\"_ _1\"/>e guarantee; an<span class=\"_ _1\"/>d <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>the exe<span class=\"_ _1\"/>rcise price under a p<span class=\"_ _1\"/>urchase option that th<span class=\"_ _1\"/>e Group is reasonabl<span class=\"_ _1\"/>y cer<span class=\"_ _1\"/>tain to exercise<span class=\"_ _1\"/>, lease payment<span class=\"_ _1\"/>s in an optional re<span class=\"_ _1\"/>newal p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d if the Group is reaso<span class=\"_ _1\"/>nably certain to exerci<span class=\"_ _7\"/>se an extension option;<span class=\"_ _6\"/> and <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>penalt<span class=\"_ _1\"/>ies for earl<span class=\"_ _1\"/>y termination of a l<span class=\"_ _1\"/>ease unless the Gro<span class=\"_ _1\"/>up is reasonably cer<span class=\"_ _1\"/>tain not to terminate ear<span class=\"_ _1\"/>ly.The l<span class=\"_ _1\"/>ease liability is me<span class=\"_ _1\"/>asu<span class=\"_ _6\"/>red at amo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tised cost using the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest met<span class=\"_ _1\"/>hod. I<span class=\"_ _1\"/>t is remeasu<span class=\"_ _6\"/>red when: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>ther<span class=\"_ _1\"/>e is a change in future le<span class=\"_ _1\"/>ase payments ar<span class=\"_ _1\"/>ising from a change in an in<span class=\"_ _1\"/>dex or if ther<span class=\"_ _1\"/>e is a change in the Gro<span class=\"_ _1\"/>up\u2019<span class=\"_ _6\"/>s estimate of the am<span class=\"_ _1\"/>ount expe<span class=\"_ _1\"/>cted to b<span class=\"_ _1\"/>e payabl<span class=\"_ _1\"/>e under a residual v<span class=\"_ _1\"/>alue guarante<span class=\"_ _1\"/>e. In thes<span class=\"_ _1\"/>e cases, the l<span class=\"_ _1\"/>ease liabilit<span class=\"_ _1\"/>y is remeasured by discounting the rev<span class=\"_ _1\"/>ised lease paym<span class=\"_ _1\"/>ents by using the initial discount r<span class=\"_ _1\"/>ate (<span class=\"_ _7\"/>unless th<span class=\"_ _1\"/>e lease paym<span class=\"_ _1\"/>ents chang<span class=\"_ _1\"/>e is due to a change in a fl<span class=\"_ _1\"/>oating interest r<span class=\"_ _1\"/>ate, in which case a revise<span class=\"_ _1\"/>d disc<span class=\"_ _6\"/>ount rate is used<span class=\"_ _1\"/>); <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>the G<span class=\"_ _1\"/>roup changes it<span class=\"_ _1\"/>s assessment of whether i<span class=\"_ _1\"/>t will exercise a purchase, e<span class=\"_ _1\"/>xtension o<span class=\"_ _1\"/>r terminati<span class=\"_ _1\"/>on option<span class=\"_ _1\"/>. In this case, th<span class=\"_ _1\"/>e lease liabilit<span class=\"_ _1\"/>y is remeasured by discounting the revise<span class=\"_ _1\"/>d lease payment<span class=\"_ _1\"/>s using a revised discount rate; <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>a lease contra<span class=\"_ _1\"/>ct is mo<span class=\"_ _1\"/>dified an<span class=\"_ _1\"/>d the lease mo<span class=\"_ _1\"/>dificati<span class=\"_ _1\"/>on is not accounted for as a separ<span class=\"_ _1\"/>ate lease. In this case<span class=\"_ _1\"/>, the lease liabilit<span class=\"_ _1\"/>y is reme<span class=\"_ _1\"/>as<span class=\"_ _6\"/>ured by discounting th<span class=\"_ _1\"/>e revise<span class=\"_ _1\"/>d lease payment<span class=\"_ _1\"/>s using a revised discount rate<span class=\"_ _1\"/>.Wh<span class=\"_ _1\"/>en the lease liabilit<span class=\"_ _1\"/>y is rem<span class=\"_ _1\"/>easured in this way, a corresponding a<span class=\"_ _1\"/>djustment is made to the car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amount of th<span class=\"_ _1\"/>e right<span class=\"_ _6\"/>-of-use asset, or is record<span class=\"_ _1\"/>ed in profi<span class=\"_ _1\"/>t and loss if the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the ri<span class=\"_ _1\"/>ght<span class=\"_ _7\"/>-of-use asset has been r<span class=\"_ _1\"/>educed to zero<span class=\"_ _1\"/>.Lease p<span class=\"_ _1\"/>ayments ar<span class=\"_ _1\"/>e allocated b<span class=\"_ _1\"/>et<span class=\"_ _1\"/>ween th<span class=\"_ _1\"/>e liability an<span class=\"_ _1\"/>d finance exp<span class=\"_ _1\"/>enses (interest costs). The f<span class=\"_ _1\"/>inance cost is charged to the conso<span class=\"_ _1\"/>lidated statem<span class=\"_ _1\"/>ent of comprehensive income over the l<span class=\"_ _1\"/>ease peri<span class=\"_ _1\"/>od so as to produ<span class=\"_ _1\"/>ce a c<span class=\"_ _6\"/>onstant p<span class=\"_ _1\"/>eriodi<span class=\"_ _1\"/>c rate of interest on th<span class=\"_ _1\"/>e remaining balance of th<span class=\"_ _1\"/>e liability f<span class=\"_ _1\"/>or each pe<span class=\"_ _1\"/>riod<span class=\"_ _1\"/>.Acco<span class=\"_ _6\"/>unting<span class=\"_ _6\"/> policies Fugr<span class=\"_ _6\"/>o as<span class=\"_ _6\"/> lessorThe Group does not act as<span class=\"_ _6\"/> lessor<span class=\"_ _7\"/>. Acc<span class=\"_ _6\"/>ordingly<span class=\"_ _7\"/>, no acc<span class=\"_ _6\"/>ounti<span class=\"_ _6\"/>ng policies for<span class=\"_ _6\"/> lessors are<span class=\"_ _6\"/> applicable.21<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls11c ws3e\">INT<span class=\"_ _7\"/>ANGIBLE<span class=\"_ _7\"/> ASSETS<span class=\"_ _6\"/> INCL<span class=\"_ _6\"/>UDING<span class=\"_ _7\"/> GOOD<span class=\"_ _6\"/>WILL</span>Go<span class=\"_ _1\"/>odwill that arises up<span class=\"_ _1\"/>on the acquisition of subsidiaries is pr<span class=\"_ _1\"/>esented with intan<span class=\"_ _1\"/>gible assets<span class=\"_ _1\"/>. For th<span class=\"_ _1\"/>e measurement of go<span class=\"_ _1\"/>odwill at initial re<span class=\"_ _1\"/>cognition<span class=\"_ _1\"/>, goo<span class=\"_ _1\"/>dwill is measured at cost less accumulated impairme<span class=\"_ _1\"/>nt losses. Go<span class=\"_ _1\"/>odwill is allo<span class=\"_ _1\"/>cated to cash gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s and is not amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d but is tested for imp<span class=\"_ _1\"/>airment annually and wh<span class=\"_ _1\"/>en there is an indicatio<span class=\"_ _1\"/>n for impairme<span class=\"_ _1\"/>nt. The m<span class=\"_ _1\"/>easurement date of the annual go<span class=\"_ _1\"/>odwill impairm<span class=\"_ _1\"/>ent test is 3<span class=\"_ _1\"/>0 Septemb<span class=\"_ _1\"/>er<span class=\"_ _7\"/>. I<span class=\"_ _1\"/>n respec<span class=\"_ _1\"/>t of equit<span class=\"_ _1\"/>y-acc<span class=\"_ _6\"/>ounted investe<span class=\"_ _1\"/>es, the c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt of goo<span class=\"_ _1\"/>dwill is included in t<span class=\"_ _1\"/>he carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the investme<span class=\"_ _1\"/>nt, and any impair<span class=\"_ _1\"/>ment loss is allocate<span class=\"_ _1\"/>d to the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the e<span class=\"_ _1\"/>quity-accounted investee as a wh<span class=\"_ _1\"/>ole.Fugro incur<span class=\"_ _1\"/>s explor<span class=\"_ _1\"/>ation and e<span class=\"_ _1\"/>valuation (<span class=\"_ _1\"/>E&amp;E<span class=\"_ _1\"/>) cost<span class=\"_ _1\"/>s in Australian are<span class=\"_ _1\"/>as of in<span class=\"_ _6\"/>terest in cooperation with Finder<span class=\"_ _6\"/> Explor<span class=\"_ _1\"/>ation Pt<span class=\"_ _1\"/>y Ltd (Fi<span class=\"_ _6\"/>nder),<span class=\"_ _6\"/> Theia Energy Pt<span class=\"_ _1\"/>y Ltd (<span class=\"_ _1\"/>Theia)<span class=\"_ _6\"/> and Finder re<span class=\"_ _1\"/>lated par<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>. These asset<span class=\"_ _1\"/>s are considered n<span class=\"_ _1\"/>on-core business. E&amp;<span class=\"_ _1\"/>E assets are classified as intan<span class=\"_ _1\"/>gible assets<span class=\"_ _1\"/>, as they t<span class=\"_ _1\"/>ypic<span class=\"_ _1\"/>ally relate to drilling per<span class=\"_ _1\"/>mits<span class=\"_ _1\"/>. E&amp;E exp<span class=\"_ _1\"/>enditure results in cer<span class=\"_ _1\"/>tain ite<span class=\"_ _1\"/>ms of expendit<span class=\"_ _1\"/>ure being cap<span class=\"_ _1\"/>italised for an ar<span class=\"_ _1\"/>ea of interest whe<span class=\"_ _1\"/>re it is considered likely to b<span class=\"_ _1\"/>e recover<span class=\"_ _1\"/>able. This p<span class=\"_ _1\"/>olic<span class=\"_ _1\"/>y requires manage<span class=\"_ _1\"/>ment to make cer<span class=\"_ _1\"/>tain estimates and assumptions as to futur<span class=\"_ _1\"/>e events and circumst<span class=\"_ _1\"/>ances, in particular whether an<span class=\"_ _6\"/> economically<span class=\"_ _6\"/> viable extrac<span class=\"_ _1\"/>tion operation can be establ<span class=\"_ _7\"/>ished by the par<span class=\"_ _1\"/>ti<span class=\"_ _1\"/>es involved. T<span class=\"_ _1\"/>hese estimates and assumptions inclu<span class=\"_ _1\"/>de the rele<span class=\"_ _1\"/>vant regulator<span class=\"_ _1\"/>y environm<span class=\"_ _1\"/>ent may change as new infor<span class=\"_ _1\"/>mation be<span class=\"_ _1\"/>comes available<span class=\"_ _1\"/>. A regular revi<span class=\"_ _1\"/>ew of each area of inter<span class=\"_ _1\"/>est is under<span class=\"_ _1\"/>taken to dete<span class=\"_ _1\"/>rmine the app<span class=\"_ _1\"/>ropriaten<span class=\"_ _1\"/>ess of continuing to carr<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ward costs in re<span class=\"_ _1\"/>lation to that area<span class=\"_ _1\"/>. Capit<span class=\"_ _1\"/>alised costs are onl<span class=\"_ _1\"/>y carrie<span class=\"_ _1\"/>d for<span class=\"_ _1\"/>ward to the ex<span class=\"_ _1\"/>tent that th<span class=\"_ _1\"/>ey are exp<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d to be re<span class=\"_ _1\"/>covered. A<span class=\"_ _1\"/>cc<span class=\"_ _6\"/>ordingly, E&amp;<span class=\"_ _1\"/>E assets are not amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d, but assessed fo<span class=\"_ _1\"/>r impairment indicat<span class=\"_ _1\"/>ions. If, af<span class=\"_ _1\"/>ter having capit<span class=\"_ _1\"/>alised the exp<span class=\"_ _1\"/>enditure under t<span class=\"_ _1\"/>he polic<span class=\"_ _1\"/>y, a judgem<span class=\"_ _1\"/>ent is made that recover<span class=\"_ _1\"/>y of th<span class=\"_ _1\"/>e expen<span class=\"_ _1\"/>diture is unlikely, the relev<span class=\"_ _1\"/>ant capitalise<span class=\"_ _1\"/>d amount will be wr<span class=\"_ _1\"/>itten of<span class=\"_ _1\"/>f to the st<span class=\"_ _1\"/>atement of comprehen<span class=\"_ _6\"/>sive<span class=\"_ _6\"/> income.Research<span class=\"_ _6\"/> expenditure on r<span class=\"_ _6\"/>esearch activities, undertaken with the pro<span class=\"_ _6\"/>spect of gaini<span class=\"_ _6\"/>ng new sci<span class=\"_ _1\"/>entific or te<span class=\"_ _1\"/>chnical kn<span class=\"_ _1\"/>owled<span class=\"_ _1\"/>ge and under<span class=\"_ _1\"/>standing<span class=\"_ _1\"/>, is recognised in pr<span class=\"_ _1\"/>ofit or loss as incurre<span class=\"_ _1\"/>d. Devel<span class=\"_ _1\"/>opment ac<span class=\"_ _1\"/>tivit<span class=\"_ _1\"/>ies involve a plan or design f<span class=\"_ _1\"/>or the pro<span class=\"_ _1\"/>duct<span class=\"_ _1\"/>ion of new or substantially improve<span class=\"_ _1\"/>d produc<span class=\"_ _1\"/>ts an<span class=\"_ _1\"/>d processes. D<span class=\"_ _1\"/>evelop<span class=\"_ _1\"/>ment exp<span class=\"_ _1\"/>enditure is capit<span class=\"_ _1\"/>alised only if deve<span class=\"_ _1\"/>lopment cost<span class=\"_ _1\"/>s can be measured r<span class=\"_ _1\"/>eliably, the pro<span class=\"_ _1\"/>duct or p<span class=\"_ _1\"/>rocess is technically and c<span class=\"_ _6\"/>ommercial<span class=\"_ _6\"/>ly feas<span class=\"_ _6\"/>ible, future<span class=\"_ _6\"/> economic benefits are probable, a<span class=\"_ _6\"/>nd the Group intends to and has suff<span class=\"_ _1\"/>icient resources to comple<span class=\"_ _1\"/>te developm<span class=\"_ _1\"/>ent and to use or sell the asset. T<span class=\"_ _1\"/>he capitalise<span class=\"_ _1\"/>d expen<span class=\"_ _1\"/>diture includes th<span class=\"_ _1\"/>e cost of materials, direc<span class=\"_ _1\"/>t labour, overhe<span class=\"_ _1\"/>ad costs that are dire<span class=\"_ _1\"/>ctl<span class=\"_ _1\"/>y attr<span class=\"_ _1\"/>ibutable to p<span class=\"_ _1\"/>reparing th<span class=\"_ _1\"/>e asset for its intend<span class=\"_ _1\"/>ed use, and capitali<span class=\"_ _6\"/>sed borrowing co<span class=\"_ _6\"/>sts. Oth<span class=\"_ _1\"/>er dev<span class=\"_ _6\"/>elopment expenditu<span class=\"_ _6\"/>re is r<span class=\"_ _6\"/>ecognised i<span class=\"_ _6\"/>n profit or<span class=\"_ _6\"/> loss as incurre<span class=\"_ _1\"/>d. Capit<span class=\"_ _1\"/>alised develo<span class=\"_ _1\"/>pment exp<span class=\"_ _1\"/>enditure is measured at cost less accumulated amor<span class=\"_ _1\"/>tisati<span class=\"_ _1\"/>on and accumulated impairm<span class=\"_ _1\"/>ent losses.Sof<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ware and oth<span class=\"_ _1\"/>er intangible asset<span class=\"_ _1\"/>s acquired or deve<span class=\"_ _1\"/>loped b<span class=\"_ _1\"/>y the Gro<span class=\"_ _1\"/>up and that have finite usef<span class=\"_ _1\"/>ul lives are measured at cost less accumulated amor<span class=\"_ _1\"/>t<span class=\"_ _1\"/>isation and accumulated impair<span class=\"_ _1\"/>ment losse<span class=\"_ _1\"/>s.Subseque<span class=\"_ _1\"/>nt expendit<span class=\"_ _1\"/>ure on capitalise<span class=\"_ _1\"/>d intangible asset<span class=\"_ _1\"/>s is capitalised onl<span class=\"_ _1\"/>y when it increases th<span class=\"_ _1\"/>e future econ<span class=\"_ _1\"/>omic ben<span class=\"_ _1\"/>efit<span class=\"_ _1\"/>s embodie<span class=\"_ _1\"/>d in the spe<span class=\"_ _1\"/>cific asset to whic<span class=\"_ _1\"/>h it relates<span class=\"_ _1\"/>. All other e<span class=\"_ _1\"/>xpendit<span class=\"_ _1\"/>ure, including ex<span class=\"_ _1\"/>penditure o<span class=\"_ _1\"/>n internally gen<span class=\"_ _1\"/>erated g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill and br<span class=\"_ _1\"/>ands, is recogn<span class=\"_ _1\"/>ised in profit o<span class=\"_ _1\"/>r loss as incurred.Amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation is based on t<span class=\"_ _1\"/>he cost of an asset less its residual v<span class=\"_ _1\"/>alue. Am<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tisation is recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss on a straig<span class=\"_ _1\"/>ht<span class=\"_ _7\"/>-line basis over the es<span class=\"_ _1\"/>timated useful lives of intangible asset<span class=\"_ _1\"/>s unless such lives are indef<span class=\"_ _1\"/>inite. Go<span class=\"_ _1\"/>odwill and intan<span class=\"_ _1\"/>gible assets wit<span class=\"_ _1\"/>h an indef<span class=\"_ _1\"/>inite life are annually tested fo<span class=\"_ _1\"/>r impairment or wh<span class=\"_ _1\"/>en there is an indic<span class=\"_ _1\"/>ation for impairme<span class=\"_ _1\"/>nt. Ot<span class=\"_ _1\"/>her intangible asset<span class=\"_ _1\"/>s and sof<span class=\"_ _1\"/>tw<span class=\"_ _1\"/>are are amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d from th<span class=\"_ _1\"/>e date they are available fo<span class=\"_ _1\"/>r their intende<span class=\"_ _1\"/>d use. The es<span class=\"_ _1\"/>timated useful life of sof<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ware and ot<span class=\"_ _1\"/>her capit<span class=\"_ _1\"/>alised develop<span class=\"_ _1\"/>ment costs is, in g<span class=\"_ _1\"/>eneral<span class=\"_ _1\"/>, five ye<span class=\"_ _1\"/>ars. A<span class=\"_ _1\"/>mor<span class=\"_ _1\"/>tisation m<span class=\"_ _1\"/>ethods<span class=\"_ _1\"/>, useful lives and residual v<span class=\"_ _1\"/>alues are revi<span class=\"_ _1\"/>ewed at eac<span class=\"_ _1\"/>h repor<span class=\"_ _1\"/>ting date an<span class=\"_ _1\"/>d adjusted if appropriate.For g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill, and intangible asset<span class=\"_ _1\"/>s that have indef<span class=\"_ _1\"/>inite useful lives or that are not yet available fo<span class=\"_ _1\"/>r use, the re<span class=\"_ _1\"/>coverable am<span class=\"_ _1\"/>ount is estimated each year at t<span class=\"_ _1\"/>he same time<span class=\"_ _1\"/>. An impair<span class=\"_ _1\"/>ment loss is recognise<span class=\"_ _1\"/>d if the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of an asset or its r<span class=\"_ _1\"/>elated cash-gene<span class=\"_ _1\"/>rating unit excee<span class=\"_ _1\"/>ds its estimate<span class=\"_ _1\"/>d recovera<span class=\"_ _1\"/>ble amount. I<span class=\"_ _1\"/>mpairment losses ar<span class=\"_ _1\"/>e recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss. Impairm<span class=\"_ _1\"/>ent losses recognise<span class=\"_ _1\"/>d in respec<span class=\"_ _1\"/>t of cash-gene<span class=\"_ _1\"/>rating units are all<span class=\"_ _1\"/>ocated f<span class=\"_ _1\"/>irst to re<span class=\"_ _1\"/>duce the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of any goo<span class=\"_ _1\"/>dwill alloc<span class=\"_ _1\"/>ated to the cash-gene<span class=\"_ _1\"/>rating unit (or group of cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) and t<span class=\"_ _1\"/>hen to redu<span class=\"_ _1\"/>ce the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the oth<span class=\"_ _1\"/>er assets in the c<span class=\"_ _1\"/>ash-gener<span class=\"_ _1\"/>ating unit (<span class=\"_ _6\"/>or group of cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) on a p<span class=\"_ _1\"/>ro rata b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s.Subjec<span class=\"_ _1\"/>t to an ope<span class=\"_ _1\"/>rating se<span class=\"_ _1\"/>gment ceiling test, f<span class=\"_ _1\"/>or the pur<span class=\"_ _1\"/>poses of goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt testing<span class=\"_ _1\"/>, C<span class=\"_ _6\"/>GUs to which g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill has been allo<span class=\"_ _1\"/>cated, are a<span class=\"_ _1\"/>ggregate<span class=\"_ _1\"/>d so that the leve<span class=\"_ _1\"/>l at which impair<span class=\"_ _1\"/>ment testing is per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>med ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ts t<span class=\"_ _1\"/>he lowest l<span class=\"_ _1\"/>evel at which go<span class=\"_ _1\"/>odwill is monitored for i<span class=\"_ _6\"/>nterna<span class=\"_ _6\"/>l repor<span class=\"_ _1\"/>ting pu<span class=\"_ _7\"/>r<span class=\"_ _1\"/>poses.An impair<span class=\"_ _1\"/>ment loss in respe<span class=\"_ _1\"/>ct of go<span class=\"_ _1\"/>odwill is not rever<span class=\"_ _1\"/>sed. I<span class=\"_ _1\"/>n respec<span class=\"_ _1\"/>t of other asset<span class=\"_ _1\"/>s, impairme<span class=\"_ _1\"/>nt losses recognised in p<span class=\"_ _1\"/>rior pe<span class=\"_ _1\"/>riods are re<span class=\"_ _1\"/>viewe<span class=\"_ _1\"/>d at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date for any indicatio<span class=\"_ _1\"/>ns that the loss has decr<span class=\"_ _1\"/>eased or no lo<span class=\"_ _1\"/>nger exist<span class=\"_ _1\"/>s. F<span class=\"_ _1\"/>or these oth<span class=\"_ _1\"/>er assets<span class=\"_ _1\"/>, an <span class=\"_ _8\"/> impairme<span class=\"_ _1\"/>nt loss is reversed if t<span class=\"_ _1\"/>here has be<span class=\"_ _1\"/>en a change in the es<span class=\"_ _1\"/>timates used to determ<span class=\"_ _1\"/>ine the recover<span class=\"_ _1\"/>able amo<span class=\"_ _1\"/>unt. An impair<span class=\"_ _1\"/>ment loss is revers<span class=\"_ _1\"/>ed only to th<span class=\"_ _1\"/>e exte<span class=\"_ _1\"/>nt that the asset<span class=\"_ _1\"/>\u2019s carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount does n<span class=\"_ _1\"/>ot exceed the c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying am<span class=\"_ _1\"/>ount that would have been determined, net of depr<span class=\"_ _6\"/>eciation or amortisation, if<span class=\"_ _6\"/> no impa<span class=\"_ _6\"/>irment lo<span class=\"_ _6\"/>ss had<span class=\"_ _6\"/> been rec<span class=\"_ _6\"/>ogn<span class=\"_ _6\"/>is<span class=\"_ _7\"/>ed.2<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws47\">INVESTMENTS IN<span class=\"_ _7\"/> EQU<span class=\"_ _1\"/>ITY<span class=\"_\"> </span>A<span class=\"_ _7\"/>CC<span class=\"_ _7\"/>OUNTE<span class=\"_ _1\"/>D<span class=\"_ _6\"/> INVESTEES</span>The G<span class=\"_ _1\"/>roup\u2019s interests in equit<span class=\"_ _1\"/>y-accounted investees compr<span class=\"_ _1\"/>ise interests in joint ventur<span class=\"_ _1\"/>es and associates<span class=\"_ _1\"/>. A joint venture is an arr<span class=\"_ _1\"/>angeme<span class=\"_ _1\"/>nt in which the Gro<span class=\"_ _1\"/>up has joint control, where<span class=\"_ _1\"/>by the Gro<span class=\"_ _1\"/>up has rights to th<span class=\"_ _1\"/>e net assets of the ar<span class=\"_ _1\"/>rang<span class=\"_ _1\"/>ement<span class=\"_ _1\"/>, rather t<span class=\"_ _1\"/>han rights toits asset<span class=\"_ _1\"/>s and obligati<span class=\"_ _1\"/>ons for its liabilit<span class=\"_ _1\"/>ies. A<span class=\"_ _1\"/>ssociates are all entit<span class=\"_ _1\"/>ies over which t<span class=\"_ _1\"/>he group has signific<span class=\"_ _1\"/>ant influence but not contr<span class=\"_ _1\"/>ol or joint control<span class=\"_ _1\"/>. This is gener<span class=\"_ _1\"/>ally the case where t<span class=\"_ _1\"/>he group hol<span class=\"_ _1\"/>ds bet<span class=\"_ _1\"/>ween 2<span class=\"_ _1\"/>0% and 5<span class=\"_ _1\"/>0% of th<span class=\"_ _1\"/>e voting right<span class=\"_ _1\"/>s.Investme<span class=\"_ _1\"/>nts in equit<span class=\"_ _1\"/>y-accounted investees are accounted for using th<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y metho<span class=\"_ _1\"/>d. Unde<span class=\"_ _1\"/>r the equit<span class=\"_ _1\"/>y meth<span class=\"_ _1\"/>od of accounting, th<span class=\"_ _1\"/>e investments ar<span class=\"_ _1\"/>e initially recog<span class=\"_ _1\"/>nised at cost and adjusted t<span class=\"_ _1\"/>hereaf<span class=\"_ _1\"/>ter to reco<span class=\"_ _1\"/>gnise the group\u2019s share of the pos<span class=\"_ _1\"/>t<span class=\"_ _7\"/>-acquisition prof<span class=\"_ _1\"/>its or losses of the investe<span class=\"_ _1\"/>e in profit or l<span class=\"_ _1\"/>oss, and the gr<span class=\"_ _1\"/>oup\u2019s s<span class=\"_ _6\"/>hare of moveme<span class=\"_ _1\"/>nts in other comprehen<span class=\"_ _6\"/>sive<span class=\"_ _6\"/> income<span class=\"_ _6\"/> of the i<span class=\"_ _6\"/>nvest<span class=\"_ _6\"/>ee in other c<span class=\"_ _7\"/>omprehensive inc<span class=\"_ _7\"/>ome. D<span class=\"_ _1\"/>ividends<span class=\"_ _6\"/> receive<span class=\"_ _1\"/>d or recei<span class=\"_ _1\"/>vable fr<span class=\"_ _1\"/>om associates and joint ventur<span class=\"_ _1\"/>es are recognise<span class=\"_ _1\"/>d as a reduc<span class=\"_ _1\"/>tion in the car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amount of the invest<span class=\"_ _1\"/>ment. U<span class=\"_ _1\"/>nrealised gains on tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>ons bet<span class=\"_ _1\"/>ween t<span class=\"_ _1\"/>heGroup an<span class=\"_ _1\"/>d its associates and j<span class=\"_ _1\"/>oint ventures are eliminated to th<span class=\"_ _1\"/>e ex<span class=\"_ _1\"/>tent of the group\u2019s interest in these e<span class=\"_ _1\"/>ntities. U<span class=\"_ _1\"/>nrealised losses are also eliminate<span class=\"_ _1\"/>d unless the tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>on provid<span class=\"_ _1\"/>es eviden<span class=\"_ _1\"/>ce of an impairment of the asset tr<span class=\"_ _1\"/>ansferred<span class=\"_ _1\"/>. Accounting polic<span class=\"_ _1\"/>ies of equit<span class=\"_ _1\"/>y-accounted investees have be<span class=\"_ _1\"/>en changed w<span class=\"_ _1\"/>here ne<span class=\"_ _1\"/>cessar<span class=\"_ _1\"/>y to ensure cons<span class=\"_ _6\"/>istenc<span class=\"_ _1\"/>y with th<span class=\"_ _1\"/>e policies a<span class=\"_ _1\"/>dopted by th<span class=\"_ _1\"/>e Group. W<span class=\"_ _1\"/>hen th<span class=\"_ _1\"/>e Group\u2019s share of losses in an equit<span class=\"_ _1\"/>y-accounted investment e<span class=\"_ _1\"/>quals or exceeds it<span class=\"_ _1\"/>s interest in the entit<span class=\"_ _1\"/>y, including any othe<span class=\"_ _1\"/>r unsecure<span class=\"_ _1\"/>d long-term recei<span class=\"_ _1\"/>vables that f<span class=\"_ _1\"/>orm par<span class=\"_ _1\"/>t of the ent<span class=\"_ _1\"/>ity<span class=\"_ _1\"/>\u2019s net investment<span class=\"_ _1\"/>, the group do<span class=\"_ _1\"/>es not recognise f<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>ther losses<span class=\"_ _1\"/>, unless it has incurred o<span class=\"_ _1\"/>bligations or made payme<span class=\"_ _1\"/>nts on be<span class=\"_ _1\"/>half of the other ent<span class=\"_ _1\"/>ity. The c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt of equit<span class=\"_ _1\"/>y-<span class=\"_ _6\"/>accounted investment<span class=\"_ _1\"/>s is tested for impair<span class=\"_ _1\"/>ment.2<span class=\"_ _1\"/>3<span class=\"_ _1\"/>. <span class=\"_ _d\"> </span><span class=\"ff5 fs6 ls1ef ws47\">OTHE<span class=\"_ _1\"/>R<span class=\"_ _7\"/> INVES<span class=\"_ _1\"/>TMENTS</span>Equit<span class=\"_ _1\"/>y secur<span class=\"_ _1\"/>ities, l<span class=\"_ _1\"/>ong-term loans, d<span class=\"_ _1\"/>eposits an<span class=\"_ _1\"/>d other lo<span class=\"_ _1\"/>ng-term assets are f<span class=\"_ _1\"/>inancial assets<span class=\"_ _1\"/>. The Gr<span class=\"_ _1\"/>oup does not have mater<span class=\"_ _1\"/>ial deriv<span class=\"_ _1\"/>ative finan<span class=\"_ _1\"/>cial assets. The afo<span class=\"_ _1\"/>rementio<span class=\"_ _1\"/>ned finan<span class=\"_ _1\"/>cial assets are classifie<span class=\"_ _1\"/>d at initial recogn<span class=\"_ _1\"/>ition, an<span class=\"_ _1\"/>d subsequentl<span class=\"_ _1\"/>y measured at amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost or fair value t<span class=\"_ _1\"/>hrough prof<span class=\"_ _1\"/>it and loss. The classifi<span class=\"_ _1\"/>cation at initial re<span class=\"_ _1\"/>cognition d<span class=\"_ _1\"/>epends on t<span class=\"_ _1\"/>he financial asset<span class=\"_ _1\"/>\u2019s contrac<span class=\"_ _1\"/>tual cash fl<span class=\"_ _1\"/>ow charac<span class=\"_ _1\"/>terist<span class=\"_ _1\"/>ics and th<span class=\"_ _1\"/>e Group\u2019s business mode<span class=\"_ _1\"/>l for managing the<span class=\"_ _1\"/>m. The G<span class=\"_ _1\"/>roup measures financ<span class=\"_ _1\"/>ial assets at amor<span class=\"_ _1\"/>tised cost if b<span class=\"_ _1\"/>oth of the foll<span class=\"_ _1\"/>owing conditio<span class=\"_ _1\"/>ns are met: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>The f<span class=\"_ _1\"/>inancial asset is held wit<span class=\"_ _1\"/>hin a business model wit<span class=\"_ _1\"/>h the obje<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ve to hold finan<span class=\"_ _1\"/>cialasse<span class=\"_ _6\"/>ts in order to<span class=\"_ _6\"/> col<span class=\"_ _6\"/>lec<span class=\"_ _1\"/>t c<span class=\"_ _7\"/>ontrac<span class=\"_ _1\"/>tual ca<span class=\"_ _6\"/>sh flows <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>The contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>ual terms of the f<span class=\"_ _1\"/>inancial asset give rise on sp<span class=\"_ _1\"/>ecifi<span class=\"_ _1\"/>ed dates to cash flo<span class=\"_ _1\"/>ws that are sol<span class=\"_ _1\"/>ely payme<span class=\"_ _1\"/>nts of principa<span class=\"_ _1\"/>l and interest on the p<span class=\"_ _1\"/>rincipal amount outs<span class=\"_ _1\"/>tanding.Wit<span class=\"_ _1\"/>h the exception of t<span class=\"_ _1\"/>rade re<span class=\"_ _1\"/>ceivabl<span class=\"_ _1\"/>es that do not contain a signifi<span class=\"_ _1\"/>cant financing compon<span class=\"_ _1\"/>ent or for which t<span class=\"_ _1\"/>he Group has applie<span class=\"_ _1\"/>d the pr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>ical exp<span class=\"_ _1\"/>edient<span class=\"_ _1\"/>, the Gr<span class=\"_ _1\"/>oup initially measures a f<span class=\"_ _1\"/>inancial asset at its f<span class=\"_ _1\"/>air value plus, in t<span class=\"_ _1\"/>he case of a financial asset not at fair valu<span class=\"_ _1\"/>e through prof<span class=\"_ _1\"/>it or loss<span class=\"_ _1\"/>, transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s. Subseque<span class=\"_ _1\"/>nt measurement is at amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost us<span class=\"_ _6\"/>ing the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest m<span class=\"_ _1\"/>ethod an<span class=\"_ _1\"/>d is s<span class=\"_ _6\"/>ubjec<span class=\"_ _1\"/>t to impairme<span class=\"_ _1\"/>nt. Gains and losses are re<span class=\"_ _1\"/>cognised in prof<span class=\"_ _1\"/>it or loss when t<span class=\"_ _1\"/>he asset is dereco<span class=\"_ _1\"/>gnised, mo<span class=\"_ _1\"/>dified o<span class=\"_ _1\"/>r impaired<span class=\"_ _1\"/>. Financial assets at f<span class=\"_ _1\"/>air value throu<span class=\"_ _1\"/>gh profit or l<span class=\"_ _1\"/>oss are carrie<span class=\"_ _1\"/>d in the state<span class=\"_ _1\"/>ment of financial p<span class=\"_ _1\"/>osition at fair v<span class=\"_ _1\"/>alue with ne<span class=\"_ _1\"/>t changes in fair v<span class=\"_ _1\"/>alue recognise<span class=\"_ _1\"/>d in the statement<span class=\"_ _6\"/> of c<span class=\"_ _6\"/>omprehens<span class=\"_ _6\"/>ive inc<span class=\"_ _7\"/>ome<span class=\"_ _1\"/>. Dividends<span class=\"_ _6\"/> on equity investmen<span class=\"_ _6\"/>ts are al<span class=\"_ _6\"/>so recognise<span class=\"_ _1\"/>d as net finance income in t<span class=\"_ _1\"/>he stateme<span class=\"_ _1\"/>nt of c<span class=\"_ _6\"/>ompreh<span class=\"_ _1\"/>ensive income when t<span class=\"_ _1\"/>he right of paym<span class=\"_ _1\"/>ent has been est<span class=\"_ _1\"/>ablished. T<span class=\"_ _1\"/>he Group de<span class=\"_ _1\"/>recognises a f<span class=\"_ _1\"/>inancial asset when the r<span class=\"_ _1\"/>ights to recei<span class=\"_ _1\"/>ve cash flow<span class=\"_ _1\"/>s from the asset have ex<span class=\"_ _1\"/>pired or have b<span class=\"_ _1\"/>een tr<span class=\"_ _1\"/>ansferred and the gr<span class=\"_ _1\"/>oup has transferr<span class=\"_ _1\"/>ed substantially all th<span class=\"_ _1\"/>e risks and rew<span class=\"_ _1\"/>ards of owner<span class=\"_ _1\"/>ship.The G<span class=\"_ _1\"/>roup recognises an all<span class=\"_ _1\"/>owance for ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted cre<span class=\"_ _1\"/>dit losses (E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) f<span class=\"_ _1\"/>or all debt instrume<span class=\"_ _1\"/>nts not hel<span class=\"_ _1\"/>d at fair value t<span class=\"_ _1\"/>hrough prof<span class=\"_ _1\"/>it or loss. Ref<span class=\"_ _1\"/>er to <span class=\"fc14\">note 3<span class=\"_ _1\"/>4.<span class=\"_ _1\"/>2</span> Cr<span class=\"_ _1\"/>edit risk for details on ho<span class=\"_ _1\"/>w the Gro<span class=\"_ _1\"/>up applies ECL m<span class=\"_ _1\"/>odel<span class=\"_ _1\"/>.24<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws1f9\">INVENTORIES</span>Inventori<span class=\"_ _1\"/>es are measured at the l<span class=\"_ _1\"/>ower of cost and net re<span class=\"_ _1\"/>alisable value. T<span class=\"_ _1\"/>he cost of inven<span class=\"_ _7\"/>tories is determi<span class=\"_ _6\"/>ned usin<span class=\"_ _6\"/>g the first<span class=\"_ _6\"/>-in<span class=\"_ _6\"/> first-ou<span class=\"_ _6\"/>t principle, a<span class=\"_ _6\"/>nd inclu<span class=\"_ _6\"/>des expenditure<span class=\"_ _6\"/> incurred in<span class=\"_ _6\"/> acqu<span class=\"_ _7\"/>iring the inven<span class=\"_ _6\"/>tories, production or con<span class=\"_ _6\"/>version c<span class=\"_ _6\"/>osts and other c<span class=\"_ _7\"/>osts incurre<span class=\"_ _1\"/>d in bringing th<span class=\"_ _1\"/>em to their exist<span class=\"_ _1\"/>ing locati<span class=\"_ _1\"/>on and condition<span class=\"_ _1\"/>. Net realisabl<span class=\"_ _1\"/>e value of inventories is th<span class=\"_ _1\"/>e estimated selling pr<span class=\"_ _1\"/>ice in the ordinar<span class=\"_ _1\"/>y course of business<span class=\"_ _1\"/>, less the estimated cost<span class=\"_ _1\"/>s of completion an<span class=\"_ _1\"/>d selling expe<span class=\"_ _1\"/>nses.2<span class=\"_ _1\"/>5<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls11f ws3b\">TR<span class=\"_ _0\"/>AD<span class=\"_ _1\"/>E A<span class=\"_ _1\"/>ND O<span class=\"_ _1\"/>TH<span class=\"_ _1\"/>E<span class=\"_ _1\"/>R R<span class=\"_ _1\"/>E<span class=\"_ _1\"/>CE<span class=\"_ _1\"/>I<span class=\"_ _1\"/>VAB<span class=\"_ _1\"/>LE<span class=\"_ _1\"/>S</span>T<span class=\"_ _6\"/>rade r<span class=\"_ _1\"/>eceivab<span class=\"_ _1\"/>les that do not contain a signif<span class=\"_ _1\"/>icant financing comp<span class=\"_ _1\"/>onent or fo<span class=\"_ _1\"/>r which the Group has appli<span class=\"_ _1\"/>ed the pr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>tical exp<span class=\"_ _1\"/>edient wh<span class=\"_ _1\"/>en it is expe<span class=\"_ _1\"/>cted<span class=\"_ _1\"/>, at contrac<span class=\"_ _1\"/>t inception<span class=\"_ _1\"/>, that the p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d bet<span class=\"_ _1\"/>ween w<span class=\"_ _1\"/>hen the G<span class=\"_ _1\"/>roup transfer<span class=\"_ _1\"/>s the pro<span class=\"_ _1\"/>mised goo<span class=\"_ _1\"/>ds or ser<span class=\"_ _1\"/>vices and when t<span class=\"_ _1\"/>he customer<span class=\"_ _1\"/>s pays for this go<span class=\"_ _1\"/>od or ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ice is one year or less<span class=\"_ _1\"/>, are measured at th<span class=\"_ _1\"/>e transa<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>n price deter<span class=\"_ _1\"/>mined unde<span class=\"_ _1\"/>r IFR<span class=\"_ _1\"/>S 15<span class=\"_ _1\"/>. O<span class=\"_ _1\"/>ther re<span class=\"_ _1\"/>ceivabl<span class=\"_ _1\"/>es are recognise<span class=\"_ _1\"/>d initially at fair v<span class=\"_ _1\"/>alue plus any direc<span class=\"_ _1\"/>tly at<span class=\"_ _1\"/>tributab<span class=\"_ _1\"/>le transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s. Subsequ<span class=\"_ _1\"/>ent to initial recogni<span class=\"_ _1\"/>tion the<span class=\"_ _1\"/>y are measured at amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost us<span class=\"_ _6\"/>ing the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interes<span class=\"_ _1\"/>t method less, any impairm<span class=\"_ _1\"/>ent losses.Unbille<span class=\"_ _1\"/>d revenue on (completed<span class=\"_ _1\"/>) proje<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s represent<span class=\"_ _1\"/>s the gross amount ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted to b<span class=\"_ _1\"/>e collec<span class=\"_ _1\"/>ted fro<span class=\"_ _1\"/>m customers f<span class=\"_ _1\"/>or contrac<span class=\"_ _1\"/>t wor<span class=\"_ _1\"/>k per<span class=\"_ _1\"/>forme<span class=\"_ _1\"/>d to date (<span class=\"_ _7\"/>a contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>t asset). It is measured at costs in<span class=\"_ _1\"/>curred plus prof<span class=\"_ _1\"/>its re<span class=\"_ _1\"/>cognised to date less pr<span class=\"_ _1\"/>ogress billings and recognise<span class=\"_ _1\"/>d losses. G<span class=\"_ _1\"/>ener<span class=\"_ _1\"/>ally, unbilled revenue o<span class=\"_ _1\"/>n (<span class=\"_ _7\"/>compl<span class=\"_ _1\"/>eted<span class=\"_ _1\"/>) projec<span class=\"_ _1\"/>ts is invoiced to customers i<span class=\"_ _6\"/>n the period following the e<span class=\"_ _6\"/>xecution of<span class=\"_ _6\"/> work<span class=\"_ _1\"/>. Su<span class=\"_ _6\"/>bsequently<span class=\"_ _7\"/>, trade receiv<span class=\"_ _1\"/>ables are pai<span class=\"_ _1\"/>d by customers in a<span class=\"_ _1\"/>cc<span class=\"_ _6\"/>ordance with th<span class=\"_ _1\"/>eir respe<span class=\"_ _1\"/>ctive p<span class=\"_ _1\"/>ayment term<span class=\"_ _1\"/>. The contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s in progr<span class=\"_ _1\"/>ess for which this amo<span class=\"_ _1\"/>unt exceeds prog<span class=\"_ _1\"/>ress billings are presented as unbilled reve<span class=\"_ _1\"/>nue on (<span class=\"_ _6\"/>completed<span class=\"_ _1\"/>) proj<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>s. T<span class=\"_ _1\"/>he contrac<span class=\"_ _1\"/>ts in pr<span class=\"_ _1\"/>ogress for whi<span class=\"_ _1\"/>ch progr<span class=\"_ _1\"/>ess billing exceeds costs incur<span class=\"_ _1\"/>red plus prof<span class=\"_ _1\"/>its re<span class=\"_ _1\"/>cognised to date less pro<span class=\"_ _1\"/>gress billings and reco<span class=\"_ _1\"/>gnised losses are pres<span class=\"_ _1\"/>ented as advan<span class=\"_ _1\"/>ce in<span class=\"_ _6\"/>stalme<span class=\"_ _1\"/>nts to work in p<span class=\"_ _1\"/>rogress.The G<span class=\"_ _1\"/>roup applies th<span class=\"_ _1\"/>e Exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted Cre<span class=\"_ _1\"/>dit Loss (E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>) model<span class=\"_ _1\"/>. For tr<span class=\"_ _1\"/>ade re<span class=\"_ _1\"/>ceivables an<span class=\"_ _1\"/>d unbilled re<span class=\"_ _1\"/>venue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s, th<span class=\"_ _1\"/>e Group appli<span class=\"_ _1\"/>es a simplified app<span class=\"_ _1\"/>roach in calculating E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>s. Th<span class=\"_ _1\"/>erefore<span class=\"_ _1\"/>, the Gro<span class=\"_ _1\"/>up does not tr<span class=\"_ _1\"/>ack chang<span class=\"_ _1\"/>es in credit risk<span class=\"_ _1\"/>, but instead recognises a l<span class=\"_ _1\"/>oss allowance based o<span class=\"_ _1\"/>n lifetime EC<span class=\"_ _1\"/>Ls at ea<span class=\"_ _1\"/>ch repo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ing date. Refer to <span class=\"fc14\">note </span>34.2<span class=\"fc2 ls2 ws2\"> Credit risk for de<span class=\"_ _1\"/>tails on how the G<span class=\"_ _1\"/>roup applies t<span class=\"_ _1\"/>he ECL m<span class=\"_ _1\"/>odel.</span>26<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls11f ws3b\">C<span class=\"_ _1\"/>A<span class=\"_ _1\"/>SH A<span class=\"_ _1\"/>N<span class=\"_ _1\"/>D C<span class=\"_ _1\"/>AS<span class=\"_ _1\"/>H E<span class=\"_ _1\"/>Q<span class=\"_ _1\"/>UI<span class=\"_ _1\"/>VAL<span class=\"_ _1\"/>E<span class=\"_ _1\"/>N<span class=\"_ _1\"/>TS</span>In the consoli<span class=\"_ _1\"/>dated stateme<span class=\"_ _1\"/>nt of cash flows<span class=\"_ _1\"/>, cash and cash equiv<span class=\"_ _1\"/>alents inclu<span class=\"_ _1\"/>de cash in hand and call de<span class=\"_ _1\"/>posits<span class=\"_ _1\"/>. Bank overdr<span class=\"_ _1\"/>aft<span class=\"_ _1\"/>s that are repay<span class=\"_ _1\"/>able on deman<span class=\"_ _1\"/>d and which fo<span class=\"_ _1\"/>rm an integral p<span class=\"_ _1\"/>ar<span class=\"_ _1\"/>t of the Group\u2019s cash managem<span class=\"_ _1\"/>ent are include<span class=\"_ _1\"/>d as a c<span class=\"_ _6\"/>ompo<span class=\"_ _1\"/>nent of cash and cash equiv<span class=\"_ _1\"/>alents fo<span class=\"_ _1\"/>r the purp<span class=\"_ _1\"/>ose of the consolidated st<span class=\"_ _1\"/>atement of cash fl<span class=\"_ _1\"/>ows. Bank overdr<span class=\"_ _1\"/>aft<span class=\"_ _1\"/>s are shown w<span class=\"_ _1\"/>ithin the curre<span class=\"_ _1\"/>nt liabilities in the consolidate<span class=\"_ _1\"/>d statement of financial p<span class=\"_ _1\"/>osition<span class=\"_ _1\"/>.2<span class=\"_ _0\"/>7.<span class=\"_ _1\"/> <span class=\"_ _55\"> </span><span class=\"ff5 fs6 ls55 ws1ea\">TOTAL EQ<span class=\"_ _1\"/>UIT<span class=\"_ _1\"/>Y</span>Share capit<span class=\"_ _1\"/>al is classified as equit<span class=\"_ _1\"/>y. The ter<span class=\"_ _1\"/>m \u2018shares\u2019 as u<span class=\"_ _6\"/>sed in th<span class=\"_ _1\"/>e financial st<span class=\"_ _1\"/>atements per<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ain to ordinar<span class=\"_ _1\"/>y shares and prefer<span class=\"_ _1\"/>ence shares of Fugro N<span class=\"_ _1\"/>.<span class=\"_ _6\"/>V<span class=\"_ _6\"/>. Ordinar<span class=\"_ _1\"/>y shares of Fugr<span class=\"_ _1\"/>o N<span class=\"_ _1\"/>.<span class=\"_ _7\"/>V. are listed and tr<span class=\"_ _1\"/>aded o<span class=\"_ _1\"/>n the Eurone<span class=\"_ _1\"/>xt A<span class=\"_ _1\"/>msterdam stock e<span class=\"_ _1\"/>xchange. T<span class=\"_ _1\"/>he surplus paid by sharehol<span class=\"_ _1\"/>ders ab<span class=\"_ _1\"/>ove the nominal v<span class=\"_ _1\"/>alue of shares is recognised as share pr<span class=\"_ _1\"/>emium. Incre<span class=\"_ _1\"/>mental costs dire<span class=\"_ _1\"/>ctl<span class=\"_ _1\"/>y attr<span class=\"_ _1\"/>ibutable to t<span class=\"_ _1\"/>he issue of ordinar<span class=\"_ _1\"/>y shares and share options are reco<span class=\"_ _1\"/>gnised as a deduc<span class=\"_ _1\"/>tion f<span class=\"_ _1\"/>rom equit<span class=\"_ _1\"/>y, net of any tax ef<span class=\"_ _1\"/>fe<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s.Fugro purc<span class=\"_ _1\"/>hases and sells own shares in relati<span class=\"_ _1\"/>on to the long te<span class=\"_ _1\"/>rm incentive plans<span class=\"_ _1\"/>. Own shares w<span class=\"_ _1\"/>hich have bee<span class=\"_ _1\"/>n repurchased ar<span class=\"_ _1\"/>e held in treasur<span class=\"_ _1\"/>y and are d<span class=\"_ _1\"/>educ<span class=\"_ _1\"/>ted from and prese<span class=\"_ _1\"/>nted within equit<span class=\"_ _1\"/>y in a sep<span class=\"_ _1\"/>arate \u2018reser<span class=\"_ _1\"/>ve for ow<span class=\"_ _1\"/>n shares\u2019 on a cost basis. Own shares ar<span class=\"_ _1\"/>e recorde<span class=\"_ _1\"/>d at cost, repre<span class=\"_ _1\"/>senting the mar<span class=\"_ _1\"/>ket price paid on th<span class=\"_ _1\"/>e acquisition date. W<span class=\"_ _1\"/>hen reissued und<span class=\"_ _1\"/>er the lon<span class=\"_ _1\"/>g term incentive plan<span class=\"_ _1\"/>, shares are remove<span class=\"_ _1\"/>d from th<span class=\"_ _1\"/>e reser<span class=\"_ _1\"/>ve fo<span class=\"_ _1\"/>r own shares on a f<span class=\"_ _1\"/>irst-<span class=\"_ _6\"/>in, f<span class=\"_ _1\"/>irst-out (F<span class=\"_ _1\"/>IFO) basis. T<span class=\"_ _1\"/>he diffe<span class=\"_ _1\"/>rence bet<span class=\"_ _1\"/>wee<span class=\"_ _1\"/>n the cost and the cash re<span class=\"_ _1\"/>ceived is record<span class=\"_ _1\"/>ed in retaine<span class=\"_ _1\"/>d earnings<span class=\"_ _1\"/>.Div<span class=\"_ _1\"/>idends are re<span class=\"_ _1\"/>cognised as a liabilit<span class=\"_ _1\"/>y in the pe<span class=\"_ _1\"/>riod in whi<span class=\"_ _1\"/>ch they are de<span class=\"_ _1\"/>clared<span class=\"_ _1\"/>.28<span class=\"_ _1\"/>. <span class=\"_ _d\"> </span><span class=\"ff5 fs6 ls11f ws3b\">B<span class=\"_ _1\"/>AS<span class=\"_ _1\"/>I<span class=\"_ _1\"/>C AN<span class=\"_ _1\"/>D D<span class=\"_ _1\"/>I<span class=\"_ _1\"/>LU<span class=\"_ _1\"/>T<span class=\"_ _1\"/>E<span class=\"_ _1\"/>D E<span class=\"_ _1\"/>AR<span class=\"_ _1\"/>N<span class=\"_ _1\"/>IN<span class=\"_ _1\"/>G<span class=\"_ _1\"/>S PE<span class=\"_ _1\"/>R S<span class=\"_ _1\"/>H<span class=\"_ _1\"/>AR<span class=\"_ _1\"/>E</span>Basic EP<span class=\"_ _1\"/>S is calculated by div<span class=\"_ _1\"/>iding the prof<span class=\"_ _1\"/>it or loss for th<span class=\"_ _1\"/>e year att<span class=\"_ _1\"/>ributabl<span class=\"_ _1\"/>e to ordinar<span class=\"_ _1\"/>y equit<span class=\"_ _1\"/>y hol<span class=\"_ _1\"/>ders of the p<span class=\"_ _1\"/>arent by the we<span class=\"_ _1\"/>ighted avera<span class=\"_ _1\"/>ge number of ordinar<span class=\"_ _1\"/>y shares outs<span class=\"_ _1\"/>tanding during t<span class=\"_ _1\"/>he year<span class=\"_ _6\"/>. Diluted E<span class=\"_ _1\"/>PS is calculate<span class=\"_ _1\"/>d by dividing th<span class=\"_ _1\"/>e profit or loss att<span class=\"_ _1\"/>ributabl<span class=\"_ _1\"/>e to ordinar<span class=\"_ _1\"/>y equit<span class=\"_ _1\"/>y hold<span class=\"_ _1\"/>ers of the p<span class=\"_ _1\"/>arent adjusted for t<span class=\"_ _1\"/>he eff<span class=\"_ _1\"/>ect of diluti<span class=\"_ _1\"/>ve potential o<span class=\"_ _1\"/>rdinar<span class=\"_ _1\"/>y shares by the wei<span class=\"_ _1\"/>ghted averag<span class=\"_ _1\"/>e number of ordinar<span class=\"_ _1\"/>y shares outs<span class=\"_ _1\"/>tanding during t<span class=\"_ _1\"/>he year plus the we<span class=\"_ _1\"/>ighted avera<span class=\"_ _1\"/>ge number of ordinar<span class=\"_ _1\"/>y shares t<span class=\"_ _1\"/>hat would b<span class=\"_ _1\"/>e iss<span class=\"_ _6\"/>ued o<span class=\"_ _1\"/>n conversion of all the diluti<span class=\"_ _1\"/>ve potential ordinar<span class=\"_ _1\"/>y shares into ordinar<span class=\"_ _1\"/>y shares. Fu<span class=\"_ _1\"/>gro considers th<span class=\"_ _1\"/>e following fo<span class=\"_ _1\"/>ur categor<span class=\"_ _1\"/>ies of potential o<span class=\"_ _1\"/>rdinar<span class=\"_ _1\"/>y shares: conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds, share opti<span class=\"_ _1\"/>ons, restr<span class=\"_ _1\"/>icte<span class=\"_ _1\"/>d share units and p<span class=\"_ _1\"/>er<span class=\"_ _1\"/>formance shares<span class=\"_ _1\"/>.3<span class=\"_ _1\"/>0. <span class=\"_ _d\"> </span><span class=\"ff5 fs6 lsf7 ws3d\">F<span class=\"_ _1\"/>INANCIAL LIABILITIES</span>The G<span class=\"_ _1\"/>roup\u2019s financial liabilities consist of loans and b<span class=\"_ _1\"/>orrow<span class=\"_ _1\"/>ings, lease liabiliti<span class=\"_ _1\"/>es, bank overdraf<span class=\"_ _1\"/>t<span class=\"_ _1\"/>s, tr<span class=\"_ _1\"/>ade and oth<span class=\"_ _1\"/>er payables<span class=\"_ _1\"/>, other t<span class=\"_ _1\"/>axes and so<span class=\"_ _1\"/>cial securit<span class=\"_ _1\"/>y contr<span class=\"_ _1\"/>ibutions. All f<span class=\"_ _1\"/>inancial liabilities are re<span class=\"_ _1\"/>cognised initially at f<span class=\"_ _1\"/>air value and<span class=\"_ _1\"/>, in the case of loans and bor<span class=\"_ _1\"/>rowings and pay<span class=\"_ _1\"/>ables, n<span class=\"_ _1\"/>et of direc<span class=\"_ _1\"/>tly att<span class=\"_ _1\"/>ributabl<span class=\"_ _1\"/>e transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s. Af<span class=\"_ _1\"/>ter initial recogni<span class=\"_ _1\"/>tion, interes<span class=\"_ _1\"/>t<span class=\"_ _7\"/>-b<span class=\"_ _1\"/>earing loans and b<span class=\"_ _1\"/>orro<span class=\"_ _1\"/>wings are subsequentl<span class=\"_ _1\"/>y measured at amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost us<span class=\"_ _6\"/>ing the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest r<span class=\"_ _1\"/>ate metho<span class=\"_ _1\"/>d. Gains and losses are r<span class=\"_ _1\"/>ecognisedin profit o<span class=\"_ _1\"/>r loss when th<span class=\"_ _1\"/>e liabilities are dere<span class=\"_ _1\"/>cognised. T<span class=\"_ _1\"/>he ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest r<span class=\"_ _1\"/>ate amor<span class=\"_ _1\"/>tisatio<span class=\"_ _1\"/>n is included as f<span class=\"_ _1\"/>inance c<span class=\"_ _6\"/>osts in t<span class=\"_ _1\"/>he stateme<span class=\"_ _1\"/>nt of c<span class=\"_ _6\"/>ompreh<span class=\"_ _1\"/>ensive income. Amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ised cost is calculated by t<span class=\"_ _1\"/>aking into account any di<span class=\"_ _6\"/>scount or premium on acquisition and fe<span class=\"_ _1\"/>es or costs that are an inte<span class=\"_ _1\"/>gral par<span class=\"_ _1\"/>t of the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interes<span class=\"_ _1\"/>t rate. The f<span class=\"_ _1\"/>air value of the liab<span class=\"_ _1\"/>ility p<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tion of a conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>ond is initially de<span class=\"_ _1\"/>termined using amarket interest r<span class=\"_ _1\"/>ate for an equiv<span class=\"_ _1\"/>alent non-conver<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ible bond at t<span class=\"_ _1\"/>he issue date. This amount is re<span class=\"_ _1\"/>corded as a liabilit<span class=\"_ _1\"/>y on an amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost basi<span class=\"_ _6\"/>s until ex<span class=\"_ _1\"/>tinguished on conv<span class=\"_ _6\"/>ersion, redemption, or matu<span class=\"_ _6\"/>rity of the bonds. The remainder o<span class=\"_ _7\"/>f the proceeds is allocated t<span class=\"_ _6\"/>o the con<span class=\"_ _6\"/>version option. Thi<span class=\"_ _7\"/>s is recogni<span class=\"_ _6\"/>sed and incl<span class=\"_ _6\"/>uded in s<span class=\"_ _6\"/>hareholders\u2019 equit<span class=\"_ _1\"/>y (in a sep<span class=\"_ _1\"/>arate categ<span class=\"_ _1\"/>or<span class=\"_ _1\"/>y \u2018equit<span class=\"_ _1\"/>y component of conver<span class=\"_ _1\"/>tibl<span class=\"_ _1\"/>e bonds\u2019<span class=\"_ _1\"/>), net of income tax ef<span class=\"_ _1\"/>fe<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s and is not subsequently r<span class=\"_ _1\"/>emeasured. T<span class=\"_ _1\"/>his remaining equit<span class=\"_ _1\"/>y compon<span class=\"_ _1\"/>ent is transferred to r<span class=\"_ _6\"/>etained earnin<span class=\"_ _6\"/>gs upon repu<span class=\"_ _6\"/>rchas<span class=\"_ _6\"/>e or repaymen<span class=\"_ _6\"/>t of c<span class=\"_ _7\"/>onver<span class=\"_ _1\"/>tible bonds.The G<span class=\"_ _1\"/>roup has not designated any f<span class=\"_ _1\"/>inancial liabilit<span class=\"_ _1\"/>y as at fair value t<span class=\"_ _1\"/>hrough prof<span class=\"_ _1\"/>it or loss<span class=\"_ _1\"/>.The G<span class=\"_ _1\"/>roup dere<span class=\"_ _1\"/>cognises a financial liabilit<span class=\"_ _1\"/>y wh<span class=\"_ _1\"/>en its contr<span class=\"_ _1\"/>actua<span class=\"_ _1\"/>l obligations are discharged<span class=\"_ _1\"/>, cancelle<span class=\"_ _1\"/>d or expire<span class=\"_ _1\"/>d. Wh<span class=\"_ _1\"/>en an existing f<span class=\"_ _1\"/>inancial liabilit<span class=\"_ _1\"/>y is replaced by anothe<span class=\"_ _1\"/>r from the s<span class=\"_ _1\"/>ame lende<span class=\"_ _1\"/>r on substantially dif<span class=\"_ _1\"/>ferent terms<span class=\"_ _1\"/>, or the ter<span class=\"_ _1\"/>ms of an existing liabilit<span class=\"_ _1\"/>y are substant<span class=\"_ _1\"/>ially modif<span class=\"_ _1\"/>ied, such an exc<span class=\"_ _1\"/>hange or mo<span class=\"_ _1\"/>dificatio<span class=\"_ _1\"/>n is treated as the der<span class=\"_ _1\"/>ecognitio<span class=\"_ _1\"/>n of the original liabilit<span class=\"_ _1\"/>y and t<span class=\"_ _1\"/>he recognit<span class=\"_ _1\"/>ion of a new liabilit<span class=\"_ _1\"/>y. The dif<span class=\"_ _1\"/>feren<span class=\"_ _1\"/>ce in the respec<span class=\"_ _1\"/>tive c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unts is recognise<span class=\"_ _1\"/>d in the stateme<span class=\"_ _1\"/>nt of prof<span class=\"_ _1\"/>it or loss<span class=\"_ _1\"/>.Financial assets an<span class=\"_ _1\"/>d liabilities are of<span class=\"_ _1\"/>fset and t<span class=\"_ _1\"/>he net amount pres<span class=\"_ _1\"/>ented in the st<span class=\"_ _1\"/>atement of financial p<span class=\"_ _1\"/>osition whe<span class=\"_ _1\"/>n, and onl<span class=\"_ _1\"/>y when, t<span class=\"_ _1\"/>he Group has a curr<span class=\"_ _1\"/>ently enforceabl<span class=\"_ _1\"/>e legal right to of<span class=\"_ _1\"/>fset th<span class=\"_ _1\"/>e recognised am<span class=\"_ _1\"/>ounts and intends eit<span class=\"_ _1\"/>her to set<span class=\"_ _1\"/>tle on a ne<span class=\"_ _1\"/>t basis or to realise the asset and s<span class=\"_ _1\"/>ettl<span class=\"_ _1\"/>e the liabilit<span class=\"_ _1\"/>y simultaneo<span class=\"_ _1\"/>usly<span class=\"_ _7\"/>.31<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls37 ws1fa\">EMP<span class=\"_ _7\"/>LO<span class=\"_ _7\"/>YEE<span class=\"_ _7\"/> BENEFIT<span class=\"_ _7\"/>S</span>Def<span class=\"_ _1\"/>ined contribution plansA defin<span class=\"_ _1\"/>ed contributi<span class=\"_ _1\"/>on plan is a post-employ<span class=\"_ _1\"/>ment benef<span class=\"_ _1\"/>it plan under w<span class=\"_ _1\"/>hich an entit<span class=\"_ _1\"/>y pays f<span class=\"_ _1\"/>ixed contribu<span class=\"_ _1\"/>tions into a separate e<span class=\"_ _1\"/>ntit<span class=\"_ _1\"/>y and will have no legal o<span class=\"_ _1\"/>r construc<span class=\"_ _1\"/>tive obligation<span class=\"_ _6\"/> to pay<span class=\"_ _6\"/> fur<span class=\"_ _1\"/>ther amou<span class=\"_ _6\"/>nts. Obligations<span class=\"_ _6\"/> for con<span class=\"_ _7\"/>tr<span class=\"_ _1\"/>ibution<span class=\"_ _7\"/>s to defined contri<span class=\"_ _6\"/>bution pension p<span class=\"_ _1\"/>lans are recognised as an emp<span class=\"_ _1\"/>loyee b<span class=\"_ _1\"/>enefit ex<span class=\"_ _1\"/>pense in prof<span class=\"_ _1\"/>it or loss in the periods during wh<span class=\"_ _6\"/>ich services are rendered by em<span class=\"_ _6\"/>ployees. Prepaid c<span class=\"_ _6\"/>ontribution<span class=\"_ _7\"/>s are recognise<span class=\"_ _1\"/>d as an asset to the ex<span class=\"_ _1\"/>tent that a cash refund o<span class=\"_ _1\"/>r a reduc<span class=\"_ _1\"/>tion in fut<span class=\"_ _1\"/>ure payme<span class=\"_ _1\"/>nts is available. Co<span class=\"_ _1\"/>ntributio<span class=\"_ _1\"/>ns to a defined contr<span class=\"_ _1\"/>ibution plan t<span class=\"_ _1\"/>hat are due more than t<span class=\"_ _1\"/>welve mo<span class=\"_ _1\"/>nths after t<span class=\"_ _1\"/>he end of the p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d in which the e<span class=\"_ _1\"/>mployees re<span class=\"_ _1\"/>nder the ser<span class=\"_ _1\"/>vice are discounted to t<span class=\"_ _1\"/>heir present v<span class=\"_ _1\"/>alue.Def<span class=\"_ _1\"/>ined benef<span class=\"_ _1\"/>it plansA defin<span class=\"_ _1\"/>ed ben<span class=\"_ _1\"/>efit plan is a post-empl<span class=\"_ _1\"/>oyment be<span class=\"_ _1\"/>nefit plan ot<span class=\"_ _1\"/>her than a def<span class=\"_ _1\"/>ined contributi<span class=\"_ _1\"/>on plan. Th<span class=\"_ _1\"/>e Group\u2019s net obligati<span class=\"_ _1\"/>on in respec<span class=\"_ _1\"/>t of def<span class=\"_ _1\"/>ined ben<span class=\"_ _1\"/>efit pe<span class=\"_ _1\"/>nsion plans is calculated sep<span class=\"_ _1\"/>arately f<span class=\"_ _1\"/>or each plan by est<span class=\"_ _1\"/>imating the amount of fut<span class=\"_ _1\"/>ure benef<span class=\"_ _1\"/>it that emplo<span class=\"_ _1\"/>yees have earne<span class=\"_ _1\"/>d in the curre<span class=\"_ _1\"/>nt and prior p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>ds, discounting that amount and de<span class=\"_ _1\"/>ducting t<span class=\"_ _1\"/>he fair v<span class=\"_ _1\"/>alue of any plan assets. T<span class=\"_ _1\"/>he discount rate is the yi<span class=\"_ _1\"/>eld at the repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ting date on A<span class=\"_ _1\"/>A cre<span class=\"_ _1\"/>dit<span class=\"_ _6\"/>-rated (<span class=\"_ _1\"/>high qualit<span class=\"_ _1\"/>y) corpor<span class=\"_ _1\"/>ate bonds that have matur<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y dates approximat<span class=\"_ _1\"/>ing the terms of th<span class=\"_ _1\"/>e Group\u2019s obligations an<span class=\"_ _1\"/>d that are denominate<span class=\"_ _1\"/>d in the sam<span class=\"_ _1\"/>e currenc<span class=\"_ _1\"/>y in which th<span class=\"_ _1\"/>e benef<span class=\"_ _1\"/>its are ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted to b<span class=\"_ _1\"/>e paid. Th<span class=\"_ _1\"/>e calculation is per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>med by qualif<span class=\"_ _1\"/>ied indep<span class=\"_ _1\"/>endent ac<span class=\"_ _1\"/>tuari<span class=\"_ _1\"/>es using the projec<span class=\"_ _1\"/>ted unit cr<span class=\"_ _1\"/>edit metho<span class=\"_ _1\"/>d. Wh<span class=\"_ _1\"/>en the calculat<span class=\"_ _1\"/>ion results in a pote<span class=\"_ _1\"/>ntial asset for the G<span class=\"_ _1\"/>roup, the re<span class=\"_ _1\"/>cognised asset is limited to the p<span class=\"_ _1\"/>resent value of e<span class=\"_ _1\"/>conomic be<span class=\"_ _1\"/>nefit<span class=\"_ _1\"/>s available in the f<span class=\"_ _1\"/>orm of any futur<span class=\"_ _1\"/>e refunds f<span class=\"_ _1\"/>rom the plan or r<span class=\"_ _1\"/>educ<span class=\"_ _1\"/>tions in future contr<span class=\"_ _1\"/>ibutions to the p<span class=\"_ _1\"/>lan. In orde<span class=\"_ _1\"/>r to calculate the p<span class=\"_ _1\"/>resent value of e<span class=\"_ _1\"/>conomic be<span class=\"_ _1\"/>nefit<span class=\"_ _1\"/>s, consider<span class=\"_ _1\"/>ation is given to any minimum funding re<span class=\"_ _1\"/>quirement<span class=\"_ _1\"/>s that apply to any plan in th<span class=\"_ _1\"/>e Group. A<span class=\"_ _1\"/>n economic b<span class=\"_ _1\"/>enef<span class=\"_ _1\"/>it is available to t<span class=\"_ _1\"/>he Group if it is realisable dur<span class=\"_ _1\"/>ing the life of the p<span class=\"_ _1\"/>lan, or on set<span class=\"_ _1\"/>tle<span class=\"_ _1\"/>ment of the plan liabilit<span class=\"_ _1\"/>ies.Ac<span class=\"_ _1\"/>tuarial gains and losses ar<span class=\"_ _1\"/>ising from exp<span class=\"_ _1\"/>erien<span class=\"_ _1\"/>ce adjustments and c<span class=\"_ _1\"/>hanges in ac<span class=\"_ _1\"/>tuarial assumptions are charge<span class=\"_ _1\"/>d or credite<span class=\"_ _1\"/>d to equit<span class=\"_ _1\"/>y in other compr<span class=\"_ _1\"/>ehensive income in the per<span class=\"_ _1\"/>iod in which t<span class=\"_ _1\"/>hey arise. P<span class=\"_ _1\"/>ast<span class=\"_ _6\"/>-ser<span class=\"_ _1\"/>vice costs are re<span class=\"_ _1\"/>cognised imme<span class=\"_ _1\"/>diately in profit o<span class=\"_ _1\"/>r loss. Employee c<span class=\"_ _7\"/>ontributions for wh<span class=\"_ _6\"/>ich the amou<span class=\"_ _6\"/>nt i<span class=\"_ _6\"/>s independent o<span class=\"_ _6\"/>f the nu<span class=\"_ _6\"/>mber of years of se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vice are recognise<span class=\"_ _1\"/>d as a reduc<span class=\"_ _1\"/>tion of th<span class=\"_ _1\"/>e ser<span class=\"_ _1\"/>vice costs in th<span class=\"_ _1\"/>e peri<span class=\"_ _1\"/>od in which the re<span class=\"_ _1\"/>lated ser<span class=\"_ _1\"/>vices are re<span class=\"_ _1\"/>ndere<span class=\"_ _1\"/>d.Wh<span class=\"_ _1\"/>en the be<span class=\"_ _1\"/>nefit<span class=\"_ _1\"/>s of a plan are change<span class=\"_ _1\"/>d or when a plan is cur<span class=\"_ _1\"/>tail<span class=\"_ _1\"/>ed, th<span class=\"_ _1\"/>en resulting change in b<span class=\"_ _1\"/>enefit<span class=\"_ _1\"/>s that relates to past se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vice or the gain or l<span class=\"_ _1\"/>oss on curt<span class=\"_ _1\"/>ailment is recognise<span class=\"_ _1\"/>d immediately in p<span class=\"_ _1\"/>rofit or loss<span class=\"_ _1\"/>. The Gr<span class=\"_ _1\"/>oup recognises gains and losses o<span class=\"_ _1\"/>n the set<span class=\"_ _1\"/>tlement of a def<span class=\"_ _1\"/>ined b<span class=\"_ _1\"/>enefi<span class=\"_ _1\"/>t plan when th<span class=\"_ _1\"/>e sett<span class=\"_ _1\"/>lement occurs<span class=\"_ _1\"/>.Other long-<span class=\"_ _7\"/>term employee<span class=\"_ _6\"/> benefitsThe G<span class=\"_ _1\"/>roup\u2019s net obligatio<span class=\"_ _1\"/>n in respec<span class=\"_ _1\"/>t of long-term empl<span class=\"_ _1\"/>oyee be<span class=\"_ _1\"/>nefit<span class=\"_ _1\"/>s, oth<span class=\"_ _1\"/>er than pension p<span class=\"_ _1\"/>lans, is the amount of fut<span class=\"_ _1\"/>ure benef<span class=\"_ _1\"/>it that emplo<span class=\"_ _1\"/>yees have earne<span class=\"_ _1\"/>d in return fo<span class=\"_ _1\"/>r their se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vice in the curre<span class=\"_ _1\"/>nt and prior p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>ds; that benef<span class=\"_ _1\"/>it is discounted to determine it<span class=\"_ _1\"/>s present v<span class=\"_ _1\"/>alue, and th<span class=\"_ _1\"/>e fair value of any asset<span class=\"_ _1\"/>s is deduc<span class=\"_ _1\"/>ted. A<span class=\"_ _1\"/>t the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date, the discount rate is determin<span class=\"_ _1\"/>ed by refere<span class=\"_ _1\"/>nce to the yie<span class=\"_ _1\"/>ld on A<span class=\"_ _1\"/>A cre<span class=\"_ _1\"/>dit<span class=\"_ _6\"/>-rated cor<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ate bon<span class=\"_ _1\"/>ds that have maturit<span class=\"_ _1\"/>y dates approximating t<span class=\"_ _1\"/>he terms of the G<span class=\"_ _1\"/>roup\u2019s obligations and that are den<span class=\"_ _1\"/>ominated in the sam<span class=\"_ _1\"/>e currenc<span class=\"_ _1\"/>y in which th<span class=\"_ _1\"/>e benef<span class=\"_ _1\"/>its are e<span class=\"_ _1\"/>xpec<span class=\"_ _1\"/>ted to b<span class=\"_ _1\"/>e paid. T<span class=\"_ _1\"/>he ac<span class=\"_ _1\"/>tuarial calculati<span class=\"_ _1\"/>ons are per<span class=\"_ _1\"/>form<span class=\"_ _1\"/>ed using the proj<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d unit credit me<span class=\"_ _1\"/>thod. Any ac<span class=\"_ _1\"/>tuarial gains or l<span class=\"_ _1\"/>osses are recognise<span class=\"_ _1\"/>d in profit or loss in t<span class=\"_ _1\"/>he peri<span class=\"_ _1\"/>od in which th<span class=\"_ _1\"/>ey aris<span class=\"_ _1\"/>e.32<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws1f9\">PRO<span class=\"_ _7\"/>VISIONS</span>A provision is re<span class=\"_ _1\"/>cognised if, as a result of a past event, th<span class=\"_ _1\"/>e Group has a prese<span class=\"_ _1\"/>nt legal or construc<span class=\"_ _1\"/>tive ob<span class=\"_ _1\"/>ligation that can b<span class=\"_ _1\"/>e estimated re<span class=\"_ _1\"/>liably, and it is probable that an o<span class=\"_ _1\"/>utf<span class=\"_ _1\"/>low of economi<span class=\"_ _1\"/>c benef<span class=\"_ _1\"/>its will b<span class=\"_ _1\"/>e required to set<span class=\"_ _1\"/>tle t<span class=\"_ _1\"/>he obligatio<span class=\"_ _1\"/>n. Provisio<span class=\"_ _1\"/>ns are determine<span class=\"_ _1\"/>d by discounting the ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted fut<span class=\"_ _1\"/>ure cash flow<span class=\"_ _1\"/>s at a pre-tax r<span class=\"_ _1\"/>ate that refl<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>s current market assessment<span class=\"_ _1\"/>s of the time valu<span class=\"_ _1\"/>e of money and<span class=\"_ _1\"/>, where app<span class=\"_ _1\"/>ropriate<span class=\"_ _1\"/>, the risks spec<span class=\"_ _1\"/>ific to the liabilit<span class=\"_ _1\"/>y. The unwinding of t<span class=\"_ _1\"/>he discount is recognised as finan<span class=\"_ _1\"/>ce expenses<span class=\"_ _1\"/>.A provis<span class=\"_ _7\"/>ion for onerous con<span class=\"_ _6\"/>tract<span class=\"_ _1\"/>s is<span class=\"_ _6\"/> recognis<span class=\"_ _6\"/>ed when it becomes pr<span class=\"_ _6\"/>obable that<span class=\"_ _6\"/> the unavoidable cost<span class=\"_ _1\"/>s of meeting t<span class=\"_ _1\"/>he obligatio<span class=\"_ _1\"/>n under the contr<span class=\"_ _1\"/>act e<span class=\"_ _1\"/>xceed the e<span class=\"_ _1\"/>conomic ben<span class=\"_ _1\"/>efits e<span class=\"_ _1\"/>xpec<span class=\"_ _1\"/>ted to b<span class=\"_ _1\"/>e receive<span class=\"_ _1\"/>d under it<span class=\"_ _1\"/>. The unavoidabl<span class=\"_ _1\"/>e costs under a contr<span class=\"_ _1\"/>act ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>t the least net cost of ex<span class=\"_ _1\"/>iting from th<span class=\"_ _1\"/>e contrac<span class=\"_ _1\"/>t, w<span class=\"_ _1\"/>hich is the low<span class=\"_ _1\"/>er of the cost of fulfilling it an<span class=\"_ _1\"/>d any compensation o<span class=\"_ _1\"/>r penalties ar<span class=\"_ _1\"/>ising from failure to f<span class=\"_ _1\"/>ulfil it. T<span class=\"_ _1\"/>he costs of fulfilling a contr<span class=\"_ _1\"/>act comp<span class=\"_ _1\"/>rises the costs t<span class=\"_ _1\"/>hat relate direc<span class=\"_ _1\"/>tly to the contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>t, i.<span class=\"_ _1\"/>e. both increme<span class=\"_ _1\"/>ntal costs and an allo<span class=\"_ _1\"/>cation of cost<span class=\"_ _1\"/>s direct<span class=\"_ _1\"/>ly related to contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>t acti<span class=\"_ _1\"/>vities<span class=\"_ _1\"/>.A provision f<span class=\"_ _1\"/>or restru<span class=\"_ _1\"/>ctur<span class=\"_ _1\"/>ing cost is recognised whe<span class=\"_ _1\"/>n the Gro<span class=\"_ _1\"/>up (i) has a detaile<span class=\"_ _1\"/>d formal plan for th<span class=\"_ _1\"/>e restru<span class=\"_ _1\"/>ctur<span class=\"_ _1\"/>ing identif<span class=\"_ _1\"/>ying at le<span class=\"_ _1\"/>ast the business or par<span class=\"_ _1\"/>t of a business conc<span class=\"_ _6\"/>erned, the principal location<span class=\"_ _6\"/>s affected<span class=\"_ _1\"/>, the location, function, and approxi<span class=\"_ _6\"/>mate<span class=\"_ _6\"/> number of emp<span class=\"_ _1\"/>loyees wh<span class=\"_ _1\"/>o will be compensate<span class=\"_ _1\"/>d for terminating t<span class=\"_ _1\"/>heir ser<span class=\"_ _1\"/>vi<span class=\"_ _1\"/>ces, the exp<span class=\"_ _1\"/>enditures that will b<span class=\"_ _1\"/>e under<span class=\"_ _1\"/>taken<span class=\"_ _1\"/>, and when th<span class=\"_ _1\"/>e plan will be imple<span class=\"_ _1\"/>mented; and (ii<span class=\"_ _1\"/>) has raised a v<span class=\"_ _1\"/>alid expe<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>ation in those af<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ted that it w<span class=\"_ _1\"/>ill carr<span class=\"_ _1\"/>y out th<span class=\"_ _1\"/>e restruc<span class=\"_ _1\"/>turing by star<span class=\"_ _1\"/>ting to impl<span class=\"_ _1\"/>ement that plan or ann<span class=\"_ _1\"/>ouncing its main f<span class=\"_ _1\"/>eatures to those af<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ted by it<span class=\"_ _1\"/>.Ass<span class=\"_ _1\"/>et retirement ob<span class=\"_ _1\"/>ligations are re<span class=\"_ _1\"/>cognised in connec<span class=\"_ _1\"/>tion w<span class=\"_ _1\"/>ith lease contra<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s (<span class=\"_ _6\"/>vessels and prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y). These obligati<span class=\"_ _1\"/>ons are measured at the pr<span class=\"_ _1\"/>esent value of exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted costs to set<span class=\"_ _1\"/>tle the o<span class=\"_ _1\"/>bligation using estimated c<span class=\"_ _1\"/>ash flows an<span class=\"_ _1\"/>d are recognise<span class=\"_ _1\"/>d as part of t<span class=\"_ _1\"/>he costs of the rel<span class=\"_ _1\"/>evant asset. T<span class=\"_ _1\"/>he cash flo<span class=\"_ _1\"/>ws are discounted at a current pr<span class=\"_ _1\"/>e-tax rate t<span class=\"_ _1\"/>hat refle<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s the r<span class=\"_ _1\"/>isks specif<span class=\"_ _1\"/>ic to the asset retire<span class=\"_ _1\"/>ment obligatio<span class=\"_ _1\"/>n. The unw<span class=\"_ _1\"/>inding of the discount is exp<span class=\"_ _1\"/>ensed as incurre<span class=\"_ _1\"/>d and recognise<span class=\"_ _1\"/>d in the statem<span class=\"_ _1\"/>ent of comprehensive income as a finance ex<span class=\"_ _1\"/>pense.33<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls11f ws3b\">T<span class=\"_ _1\"/>R<span class=\"_ _1\"/>AD<span class=\"_ _1\"/>E A<span class=\"_ _1\"/>N<span class=\"_ _1\"/>D OT<span class=\"_ _1\"/>H<span class=\"_ _1\"/>E<span class=\"_ _1\"/>R P<span class=\"_ _6\"/>A<span class=\"_ _6\"/>Y<span class=\"_ _6\"/>AB<span class=\"_ _1\"/>L<span class=\"_ _1\"/>E<span class=\"_ _1\"/>S</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade and<span class=\"_ _6\"/> other payables r<span class=\"_ _6\"/>epresent<span class=\"_ _6\"/> liabi<span class=\"_ _6\"/>lities for<span class=\"_ _6\"/> ser<span class=\"_ _1\"/>vice<span class=\"_ _6\"/>s and goods provided t<span class=\"_ _6\"/>o the group pr<span class=\"_ _1\"/>ior to the en<span class=\"_ _1\"/>d of financial year whi<span class=\"_ _1\"/>ch are unpaid. Trade and ot<span class=\"_ _1\"/>her payabl<span class=\"_ _1\"/>es are recognise<span class=\"_ _1\"/>d initially at fair v<span class=\"_ _1\"/>alue net of any direc<span class=\"_ _1\"/>tly at<span class=\"_ _1\"/>tribut<span class=\"_ _1\"/>able tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>on costs. Subseque<span class=\"_ _1\"/>nt to initial recogniti<span class=\"_ _1\"/>on they are m<span class=\"_ _1\"/>easured at amor<span class=\"_ _1\"/>tised cost using the eff<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tive interest r<span class=\"_ _1\"/>ate method<span class=\"_ _1\"/>.The contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s in progr<span class=\"_ _1\"/>ess for which pro<span class=\"_ _1\"/>gress billing exceeds cost<span class=\"_ _1\"/>s incurred p<span class=\"_ _1\"/>lus profit<span class=\"_ _1\"/>s recognise<span class=\"_ _1\"/>d to date less progr<span class=\"_ _1\"/>ess billings and recognised l<span class=\"_ _1\"/>osses are presented as adv<span class=\"_ _1\"/>ance instalments to wo<span class=\"_ _1\"/>rk in progr<span class=\"_ _1\"/>ess.3<span class=\"_ _1\"/>7.<span class=\"_ _1\"/> <span class=\"_ _ce\"> </span><span class=\"ff5 fs6 ls1ef ws47\">REL<span class=\"_ _1\"/>A<span class=\"_ _7\"/>TE<span class=\"_ _1\"/>D<span class=\"_ _7\"/> PAR<span class=\"_ _7\"/>TI<span class=\"_ _1\"/>ES</span>The G<span class=\"_ _1\"/>roup has a related par<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y re<span class=\"_ _1\"/>lationship with its subsidiari<span class=\"_ _1\"/>es, equit<span class=\"_ _1\"/>y-accounted investees and key mana<span class=\"_ _1\"/>gement p<span class=\"_ _1\"/>ersonne<span class=\"_ _1\"/>l. Balances and tr<span class=\"_ _1\"/>ansac<span class=\"_ _1\"/>tions bet<span class=\"_ _1\"/>we<span class=\"_ _1\"/>en the company and it<span class=\"_ _1\"/>s subs<span class=\"_ _6\"/>idiaries<span class=\"_ _1\"/>, which are re<span class=\"_ _1\"/>lated par<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>, have bee<span class=\"_ _1\"/>n eliminated on consolidation an<span class=\"_ _1\"/>d are not disclosed in th<span class=\"_ _1\"/>is note.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-22-5": {
   "value": "3.  SIGNIFICANT ACCOUNTING POLICIESThe significant accounting policies have been included in the relevant notes to the consolidated financial statements. Certain new accounting standards and interpretations have been published that are not yet effective for these consolidated financial statements and have not been early adopted by the Group. The impact of these new standards and interpretations are either not expected to be material for Fugro or not applicable to Fugro. Several amendments and interpretations apply for the first time as of 1 January 2022, but these do not have a material impact on the consolidated financial statements of the Group.4.  OTHER ACCOUNTING POLICIESStatement of cash flowsThe consolidated statement of cash flows is prepared using the indirect method. Cash flows in foreign currencies are converted at the exchange rate at the dates of the transactions. Currency exchange differences on cash held are presented separately. The line item interest paid includes cash payments for the interest portion of lease liabilities.Basis of consolidationAccounting for business combinationsBusiness combinations are accounted for using the acquisition method as at the acquisition date, which is the date on which control is transferred to the Group. In assessing control, the Group takes into consideration potential voting rights, if the rights are substantive. Non-controlling interests in the acquiree are measured at the proportionate share of the acquiree\u2019s identifiable net assets.SubsidiariesSubsidiaries are all entities (including structured entities) over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases.Any surplus or deficit arising on the loss of control is recognised in profit or loss. If the Group retains any interest in the previous subsidiary, it is accounted for as an equity-accounted investee or as an equity security depending on the level of influence retained.Transactions eliminated on consolidationIntra-group balances and transactions, and any unrealised income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. Unrealised gains arising from transactions with equity-accounted investees are eliminated against the investment to the extent of the Group\u2019s interest in the investee. Unrealised losses are eliminated in the same way as unrealised gains, but only to the extent that there is no objective evidence of impairment conditions.Foreign currencyForeign currency transactions and translationTransactions in foreign currencies are translated to the respective functional currencies of Group entities at exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are translated to the respective functional currency at the foreign exchange rate at that date. The foreign currency gain or loss on monetary items is the difference between amortised cost in the functional currency at the beginning of the year, adjusted for effective interest and payments during the year, and the amortised cost in foreign currency translated at the exchange rate at the end of the year.Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction. Non-monetary assets and liabilities denominated in foreign currencies that are measured at fair value are translated to the functional currency at foreign exchange rates effective at the date the fair value was determined. Foreign currency differences arising on retranslation are recognised in profit or loss, except for differences arising on the retranslation of equity-accounted investees, a financial liability designated as a hedge of the net investment in a foreign operation (see below) that is effective, or qualifying cash flow hedges (insofar applicable), which are recognised in other comprehensive income and accumulated in the foreign currency translation reserve.Foreign operationsThe assets and liabilities of foreign operations, including goodwill and fair value adjustments arising on acquisition, are translated to EUR at foreign exchange rates effective at the reporting date. The income and expenses of foreign operations are translated to EUR at exchange rates effective at the dates of the transactions. Foreign currency differences are recognised in other comprehensive income and presented in the foreign currency translation reserve for foreign operations (translation reserve) in equity. However, if the operation is a non-wholly owned subsidiary, then the relevant proportionate share of the translation difference is allocated to the non-controlling interests. When a foreign operation is disposed of, such that control, significant influence or joint control is lost, the cumulative amount in the translation reserve related to that foreign operation is reclassified to profit or loss as part of the gain or loss on disposal.If the settlement of a monetary item, receivable from or payable to a foreign operation, is neither planned nor likely in the foreseeable future, foreign exchange gains and losses arising from such monetary items are considered to form part of a net investment in a foreign operation and are recognised in other comprehensive income and are presented in the translation reserve in equity.Derivative financial instruments and hedge accountingWhen a derivative financial instrument is not designated in a hedge relationship that qualifies for hedge accounting, all changes in its fair value are recognised immediately in profit or loss. The Group does not engage in material hedging transactions with derivatives. Accordingly, consistent with prior year, there are no qualifying fair value hedge or cash flow hedge relationships as of 31 December 2022. The Group does not have separately accounted embedded derivative financial liabilities. The Group does not have derivatives embedded within a hybrid contract containing a financial asset host. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfOtherAccountingPoliciesRelevantToUnderstandingOfFinancialStatements",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-23-2": {
   "value": "4.  OTHER ACCOUNTING POLICIESStatement of cash flowsThe consolidated statement of cash flows is prepared using the indirect method. Cash flows in foreign currencies are converted at the exchange rate at the dates of the transactions. Currency exchange differences on cash held are presented separately. The line item interest paid includes cash payments for the interest portion of lease liabilities.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-23-5": {
   "value": "4.  OTHER ACCOUNTING POLICIESStatement of cash flowsThe consolidated statement of cash flows is prepared using the indirect method. Cash flows in foreign currencies are converted at the exchange rate at the dates of the transactions. Currency exchange differences on cash held are presented separately. The line item interest paid includes cash payments for the interest portion of lease liabilities.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-24-2": {
   "value": "Basis of consolidationAccounting for business combinationsBusiness combinations are accounted for using the acquisition method as at the acquisition date, which is the date on which control is transferred to the Group. In assessing control, the Group takes into consideration potential voting rights, if the rights are substantive. Non-controlling interests in the acquiree are measured at the proportionate share of the acquiree\u2019s identifiable net assets.SubsidiariesSubsidiaries are all entities (including structured entities) over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases.Any surplus or deficit arising on the loss of control is recognised in profit or loss. If the Group retains any interest in the previous subsidiary, it is accounted for as an equity-accounted investee or as an equity security depending on the level of influence retained.Transactions eliminated on consolidationIntra-group balances and transactions, and any unrealised income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. Unrealised gains arising from transactions with equity-accounted investees are eliminated against the investment to the extent of the Group\u2019s interest in the investee. Unrealised losses are eliminated in the same way as unrealised gains, but only to the extent that there is no objective evidence of impairment conditions.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-24-5": {
   "value": "Basis of consolidationAccounting for business combinationsBusiness combinations are accounted for using the acquisition method as at the acquisition date, which is the date on which control is transferred to the Group. In assessing control, the Group takes into consideration potential voting rights, if the rights are substantive. Non-controlling interests in the acquiree are measured at the proportionate share of the acquiree\u2019s identifiable net assets.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-24-6": {
   "value": "Basis of consolidationAccounting for business combinationsBusiness combinations are accounted for using the acquisition method as at the acquisition date, which is the date on which control is transferred to the Group. In assessing control, the Group takes into consideration potential voting rights, if the rights are substantive. Non-controlling interests in the acquiree are measured at the proportionate share of the acquiree\u2019s identifiable net assets.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-25-5": {
   "value": "SubsidiariesSubsidiaries are all entities (including structured entities) over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases.Any surplus or deficit arising on the loss of control is recognised in profit or loss. If the Group retains any interest in the previous subsidiary, it is accounted for as an equity-accounted investee or as an equity security depending on the level of influence retained.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-27-4": {
   "value": "Foreign currencyForeign currency transactions and translationTransactions in foreign currencies are translated to the respective functional currencies of Group entities at exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are translated to the respective functional currency at the foreign exchange rate at that date. The foreign currency gain or loss on monetary items is the difference between amortised cost in the functional currency at the beginning of the year, adjusted for effective interest and payments during the year, and the amortised cost in foreign currency translated at the exchange rate at the end of the year.Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction. Non-monetary assets and liabilities denominated in foreign currencies that are measured at fair value are translated to the functional currency at foreign exchange rates effective at the date the fair value was determined. Foreign currency differences arising on retranslation are recognised in profit or loss, except for differences arising on the retranslation of equity-accounted investees, a financial liability designated as a hedge of the net investment in a foreign operation (see below) that is effective, or qualifying cash flow hedges (insofar applicable), which are recognised in other comprehensive income and accumulated in the foreign currency translation reserve.Foreign operationsThe assets and liabilities of foreign operations, including goodwill and fair value adjustments arising on acquisition, are translated to EUR at foreign exchange rates effective at the reporting date. The income and expenses of foreign operations are translated to EUR at exchange rates effective at the dates of the transactions. Foreign currency differences are recognised in other comprehensive income and presented in the foreign currency translation reserve for foreign operations (translation reserve) in equity. However, if the operation is a non-wholly owned subsidiary, then the relevant proportionate share of the translation difference is allocated to the non-controlling interests. When a foreign operation is disposed of, such that control, significant influence or joint control is lost, the cumulative amount in the translation reserve related to that foreign operation is reclassified to profit or loss as part of the gain or loss on disposal.If the settlement of a monetary item, receivable from or payable to a foreign operation, is neither planned nor likely in the foreseeable future, foreign exchange gains and losses arising from such monetary items are considered to form part of a net investment in a foreign operation and are recognised in other comprehensive income and are presented in the translation reserve in equity.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-29-4": {
   "value": "Derivative financial instruments and hedge accountingWhen a derivative financial instrument is not designated in a hedge relationship that qualifies for hedge accounting, all changes in its fair value are recognised immediately in profit or loss. The Group does not engage in material hedging transactions with derivatives. Accordingly, consistent with prior year, there are no qualifying fair value hedge or cash flow hedge relationships as of 31 December 2022. The Group does not have separately accounted embedded derivative financial liabilities. The Group does not have derivatives embedded within a hybrid contract containing a financial asset host. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-29-5": {
   "value": "Derivative financial instruments and hedge accountingWhen a derivative financial instrument is not designated in a hedge relationship that qualifies for hedge accounting, all changes in its fair value are recognised immediately in profit or loss. The Group does not engage in material hedging transactions with derivatives. Accordingly, consistent with prior year, there are no qualifying fair value hedge or cash flow hedge relationships as of 31 December 2022. The Group does not have separately accounted embedded derivative financial liabilities. The Group does not have derivatives embedded within a hybrid contract containing a financial asset host. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-29-6": {
   "value": "Derivative financial instruments and hedge accountingWhen a derivative financial instrument is not designated in a hedge relationship that qualifies for hedge accounting, all changes in its fair value are recognised immediately in profit or loss. The Group does not engage in material hedging transactions with derivatives. Accordingly, consistent with prior year, there are no qualifying fair value hedge or cash flow hedge relationships as of 31 December 2022. The Group does not have separately accounted embedded derivative financial liabilities. The Group does not have derivatives embedded within a hybrid contract containing a financial asset host. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-31-5": {
   "value": "5.  REFINANCING 2022On 26 July 2022, Fugro completed a EUR 116.1 million equity raise through an accelerated bookbuild offering. The offering was supported by a number of pre-committed investors, who agreed to subscribe for over 50% of the deal size. Transaction costs on the equity issue amounted to EUR 2.3 million. On 25 July 2022, the company simultaneously announced a comprehensive sustainability-linked refinancing of its bank debt as summarised below. This refinancing consisted of a full settlement of existing debt, cancellation of commitments and termination of the existing Facilities Agreement.On 28 July 2022, upon settlement of the equity raise, the company simultaneously repurchased EUR 9 million (on a nominal basis) of its subordinated convertible bonds due 2 November 2024 at par using proceeds from the equity raise. An amount of EUR 91 million (principal on a nominal basis) remained outstanding of the convertible bonds due 2024. In August 2022, Fugro fully repaid the existing senior revolving credit facility in two tranches for a total amount of EUR 75 million (nominal amount). On 5 August 2022, the existing EUR 250 million senior revolving credit facility (existing RCF, including ancillary facility of EUR 50 million) and EUR 188 million (nominal amount) senior term expiring on 14 December 2023 were cancelled and replaced by a new EUR 200 million senior term loan and a new EUR 200 million senior RCF, together called the Senior Facility Agreement (SFA). On 5 August 2022, the transaction closed and the SFA became effective. On 5 August 2022, Fugro issued the new term loan (EUR 200 million) and fully settled the existing term loan of EUR 188 million principal and EUR 1.7 million of accrued interest. The net proceeds amounted to EUR 10.0 million (net of transaction costs). On 5 August 2022, the existing ancillary facility outstanding amount of EUR 18.7 million was repaid using proceeds from the equity raise. Transaction costs for the new term loan amounted to EUR 3.7 million. Transaction costs for the new RCF amounted to EUR 3.2 million. Other professional services fees (EUR 2.1 million) that did not qualify as transaction costs were recognised in profit and loss and presented in other expenses.On 2 November 2022, EUR 48.5 million of the remaining convertible bond was repaid at par value, following the exercise of bond holder\u2019s early redemption put options. The settlement gain was EUR 1 million.The refinancing qualifies as an extinguishment of debt. The unit of account pertained to the existing term loan, ancillary facility, RCF and the convertible bonds. The existing RCF, term loan, and ancillary facility were therefore fully derecognised. The existing convertible bonds were partially repaid. The unamortised transaction costs (EUR 4.1 million) were recognised in profit and loss (in finance expenses). The repayment consideration with respect to the convertible bonds was allocated to the debt and equity component upon repurchase/redemption. The new senior RCF and senior term loan were recognised initially at fair value, i.e., the consideration received. Subsequent accounting is at amortised cost in accordance with the effective interest rate method. The repayment consideration of the existing RCF, term loan, ancillary facility and convertible bonds were presented in the statement of cash flows under financing activities. Transaction costs paid were presented in the statement of cash flows under financing activities. Reference is further made to note financial liabilities for more details.The net proceeds of the equity raise of EUR 114.4 million were recognised in equity in the statement of financial position (net of transaction costs) and presented in the statement of cash flows under financing activities. Reference is made to note total equity for further details.27.  TOTAL EQUITYShare capital is classified as equity. The term \u2018shares\u2019 as used in the financial statements pertain to ordinary shares and preference shares of Fugro N.V. Ordinary shares of Fugro N.V. are listed and traded on the Euronext Amsterdam stock exchange. The surplus paid by shareholders above the nominal value of shares is recognised as share premium. Incremental costs directly attributable to the issue of ordinary shares and share options are recognised as a deduction from equity, net of any tax effects.Fugro purchases and sells own shares in relation to the long term incentive plans. Own shares which have been repurchased are held in treasury and are deducted from and presented within equity in a separate \u2018reserve for own shares\u2019 on a cost basis. Own shares are recorded at cost, representing the market price paid on the acquisition date. When reissued under the long term incentive plan, shares are removed from the reserve for own shares on a first-in, first-out (FIFO) basis. The difference between the cost and the cash received is recorded in retained earnings.Dividends are recognised as a liability in the period in which they are declared.27.1  Share capital and share premiumOn 28 July 2022, Fugro issued 10,319,036 new ordinary shares as part of a sub-10 offering through an accelerated bookbuild, which were delivered to subscribing investors and listed and admitted to trading on Euronext Amsterdam on the same date. As a result, Fugro\u2019s issued share capital increased from 103,190,366 to 113,509,402 shares. The issued shares are as follows:(Numbers of shares) Ordinary shares  Preference shares2022 2021 2022 2021In issue at 1 January 103,190,366 103,190,366- -Issued for cash 10,319,036- - -In issue at 31 December \u2013 fully paid 113,509,402 103,190,366- -Authorised at 31 December \u2013 nominal value ordinary shares EUR 0.05 and nominal value preference shares  EUR 0.05 in 2022    180,000,000 180,000,000    220,000,000    220,000,000Consistent with last year, there are no shares issued which are not fully paid. On  31 December 2022, the authorised share capital amounts to EUR 20 million (2021:  EUR 20 million), consisting of ordinary shares and various types of preference shares. On 31 December 2022, the issued share capital amounted to EUR 5.7 million (2021:  EUR 5.2 million).Ordinary sharesHolders of ordinary shares are entitled to dividends as declared from time to time and are entitled to one vote per share at general meetings of the company. All rights attached to the company\u2019s shares held by the Group are suspended until those shares are transferred to a party outside the Group.Preference sharesNo preference shares have been issued. Fugro\u2019s articles of association as at 31 December 2022 provide the foundation Stichting Beschermingspreferente aandelen Fugro with a right to exercise a call option on protective preference shares.27.2  Translation reserveThe translation reserve comprises all foreign currency differences arising from the translation of the financial statements of foreign operations. The translation reserve also includes the translation of liabilities that hedge the company\u2019s net investment in a foreign subsidiary (prior to the discontinuance of net investment hedging in December 2020).27.3  Reserve for own sharesFugro has not purchased own shares to cover its long-term incentive plan in 2022 (2021: nil). In 2022, 97,199 shares were used (2021: 94,124 pre-share consolidation). As per 31 December 2022, Fugro holds 1,586,549 own shares (2021: 1,683,748) with respect to the long-term incentive plan and subordinated unsecured convertible bonds. This was 1.4% of the issued capital (2021: 1.6%).27.4  Unappropriated resultNo dividend is proposed to be paid-out for 2022. Refer to note 34 Financial risk management for dividend restrictions.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-33-5": {
   "value": "6.  CLIMATE RELATED MATTERSThe impact of climate-related matters generates opportunities as well as risks for Fugro. Climate-related opportunities, risks and uncertainties and the business impact were disclosed in the first half of the annual report (sections CEO message, strategy, risk management and group performance - environmental).Fugro concluded there was no direct material financial impact from climate-related matters in the 2022 consolidated financial statements. The assessments performed, judgements made, and time horizon used to reach this conclusion are disclosed in notes 15 impairments, 19 property plant and equipment, 20 leases, 21 intangible assets, 30 financial liabilities, and 36 commitments not included in the statement of financial position.36.  COMMITMENTS NOT INCLUDED IN THE STATEMENT OF FINANCIAL POSITIONBank guaranteesPer 31 December 2022, Fugro\u2019s banks have issued bank guarantees to clients for an amount of EUR 96.9 million (2021: EUR 88.2 million). Capital commitmentsAt 31 December 2022, the Group has EUR 5.5 million contractual obligations to purchase property, plant and equipment (2021: EUR 13.7 million).Climate commitmentsOn 19 February 2021, Fugro announced a target of net zero carbon emissions scope 1 and scope 2 by 2035. In 2022, in support of this target, Fugro started developing science-based targets on its CO emission reduction in line with the Science Based Targets initiative 2(SBTi).  In addition to scope 1 and 2, science-based targets also cover scope 3 emissions. Fugro is a service provider and therefore its client value chain scope 3 emissions are negligible; scope 3 consists of emissions from its supply chain. CO emissions from vessels, 2both owned and leased, account for approximately 80% of Fugro\u2019s combined scope 1 and 2 emissions. Therefore, Fugro\u2019s carbon reduction plan is for a large part a multi-year fleet transition plan, requiring significant multi-year investments. ContingenciesSome Group companies are, as a result of their normal business activities, involved either as plaintiffs or defendants in claims. Based on information presently available and management\u2019s best estimate, it is not probable that the financial position of the Group will be significantly influenced by any of these matters. Should the actual outcome differ from the assumptions and estimates, the financial position of the Group would be impacted. Fugro N.V. and its Dutch operating companies form a fiscal unity for corporate tax. Each of the operating companies is severally liable for corporate tax to be paid by the fiscal unity.Parent company guaranteesIn principle Fugro does not provide parent company guarantees to its subsidiaries, unless commercial reasons exist. Fugro has filed declarations of joint and several liabilities for a number of subsidiaries at the Chamber of Commerce. Fugro has filed a list with the Chamber of Commerce which includes all financial interests of Fugro as well as a reference to each subsidiary for which such a declaration of liability has been provided.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-33-6": {
   "value": "6.  CLIMATE RELATED MATTERSThe impact of climate-related matters generates opportunities as well as risks for Fugro. Climate-related opportunities, risks and uncertainties and the business impact were disclosed in the first half of the annual report (sections CEO message, strategy, risk management and group performance - environmental).Fugro concluded there was no direct material financial impact from climate-related matters in the 2022 consolidated financial statements. The assessments performed, judgements made, and time horizon used to reach this conclusion are disclosed in notes 15 impairments, 19 property plant and equipment, 20 leases, 21 intangible assets, 30 financial liabilities, and 36 commitments not included in the statement of financial position.36.  COMMITMENTS NOT INCLUDED IN THE STATEMENT OF FINANCIAL POSITIONBank guaranteesPer 31 December 2022, Fugro\u2019s banks have issued bank guarantees to clients for an amount of EUR 96.9 million (2021: EUR 88.2 million). Capital commitmentsAt 31 December 2022, the Group has EUR 5.5 million contractual obligations to purchase property, plant and equipment (2021: EUR 13.7 million).Climate commitmentsOn 19 February 2021, Fugro announced a target of net zero carbon emissions scope 1 and scope 2 by 2035. In 2022, in support of this target, Fugro started developing science-based targets on its CO emission reduction in line with the Science Based Targets initiative 2(SBTi).  In addition to scope 1 and 2, science-based targets also cover scope 3 emissions. Fugro is a service provider and therefore its client value chain scope 3 emissions are negligible; scope 3 consists of emissions from its supply chain. CO emissions from vessels, 2both owned and leased, account for approximately 80% of Fugro\u2019s combined scope 1 and 2 emissions. Therefore, Fugro\u2019s carbon reduction plan is for a large part a multi-year fleet transition plan, requiring significant multi-year investments. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-34-2": {
   "value": "7.<span class=\"_ _1\"/> <span class=\"_ _5a\"> </span><span class=\"ff5 fs6 ls1ef ws47\">SEG<span class=\"_ _1\"/>MENT REPORTING</span>Fugro has four inte<span class=\"_ _1\"/>grated re<span class=\"_ _1\"/>gions: Europ<span class=\"_ _1\"/>e-Afr<span class=\"_ _1\"/>ica (E-A<span class=\"_ _1\"/>), Ame<span class=\"_ _1\"/>ricas (A<span class=\"_ _1\"/>M), A<span class=\"_ _1\"/>sia Pa<span class=\"_ _1\"/>cific (<span class=\"_ _1\"/>APAC) and Middl<span class=\"_ _1\"/>e East &amp; India (M<span class=\"_ _1\"/>EI<span class=\"_ _1\"/>). The organisati<span class=\"_ _1\"/>onal and rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting stru<span class=\"_ _1\"/>cture consists of these fo<span class=\"_ _1\"/>ur regions<span class=\"_ _1\"/>. Within th<span class=\"_ _1\"/>e regions<span class=\"_ _1\"/>, the foll<span class=\"_ _1\"/>owing business line str<span class=\"_ _1\"/>uctur<span class=\"_ _1\"/>e exists: Mar<span class=\"_ _1\"/>ine Site Char<span class=\"_ _1\"/>acter<span class=\"_ _1\"/>isation (M<span class=\"_ _1\"/>SC<span class=\"_ _1\"/>), Marine A<span class=\"_ _1\"/>sset Integr<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y (M<span class=\"_ _1\"/>AI)<span class=\"_ _1\"/>, Land S<span class=\"_ _1\"/>ite Charac<span class=\"_ _1\"/>terisati<span class=\"_ _1\"/>on (L<span class=\"_ _1\"/>SC<span class=\"_ _1\"/>) and L<span class=\"_ _1\"/>and A<span class=\"_ _1\"/>sset Integr<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y (L<span class=\"_ _1\"/>A<span class=\"_ _1\"/>I). T<span class=\"_ _1\"/>he ope<span class=\"_ _1\"/>rating results of t<span class=\"_ _1\"/>he four regi<span class=\"_ _1\"/>ons are direc<span class=\"_ _1\"/>tly repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ted to and revi<span class=\"_ _1\"/>ewed by t<span class=\"_ _1\"/>he Board of M<span class=\"_ _1\"/>anagement<span class=\"_ _1\"/>, being t<span class=\"_ _1\"/>he Chief O<span class=\"_ _1\"/>perat<span class=\"_ _1\"/>ing Decision Maker<span class=\"_ _7\"/>. Segm<span class=\"_ _1\"/>ent results, asset<span class=\"_ _1\"/>s and liabilities inclu<span class=\"_ _1\"/>de items direc<span class=\"_ _1\"/>tly at<span class=\"_ _1\"/>tribut<span class=\"_ _1\"/>able to a segme<span class=\"_ _1\"/>nt as well as those t<span class=\"_ _1\"/>hat can be alloc<span class=\"_ _1\"/>ated on a reasonab<span class=\"_ _1\"/>le basis. Segm<span class=\"_ _1\"/>ent assets are allo<span class=\"_ _1\"/>cated based on t<span class=\"_ _1\"/>he geo<span class=\"_ _1\"/>graphic<span class=\"_ _1\"/>al locati<span class=\"_ _1\"/>on of the op<span class=\"_ _1\"/>erating company using th<span class=\"_ _1\"/>e assets (\u2018region of origin\u2019<span class=\"_ _1\"/>). Fugro all<span class=\"_ _1\"/>ocates corp<span class=\"_ _1\"/>orate exp<span class=\"_ _1\"/>enses, f<span class=\"_ _1\"/>inance income (expenses<span class=\"_ _6\"/>) and assets (<span class=\"_ _1\"/>liabilities<span class=\"_ _6\"/>) that relate to mor<span class=\"_ _1\"/>e than one op<span class=\"_ _1\"/>erating se<span class=\"_ _1\"/>gment to the re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>tabl<span class=\"_ _1\"/>e segment based on n<span class=\"_ _1\"/>et revenue. I<span class=\"_ _1\"/>nter<span class=\"_ _6\"/>-segment pr<span class=\"_ _1\"/>icing is determine<span class=\"_ _1\"/>d on an arm\u2019s length b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s. The E-A<span class=\"_ _0\"/>, AM<span class=\"_ _1\"/>, A<span class=\"_ _1\"/>P<span class=\"_ _6\"/>AC<span class=\"_ _1\"/>, ME<span class=\"_ _1\"/>I oper<span class=\"_ _1\"/>ating segm<span class=\"_ _1\"/>ents gen<span class=\"_ _1\"/>erate revenu<span class=\"_ _1\"/>es from: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Marin<span class=\"_ _1\"/>e environment<span class=\"_ _1\"/>: The dete<span class=\"_ _1\"/>rmination of soil comp<span class=\"_ _1\"/>osition via cone p<span class=\"_ _1\"/>enetr<span class=\"_ _1\"/>ation testing or t<span class=\"_ _1\"/>he acquisition of soil samples an<span class=\"_ _1\"/>d related labo<span class=\"_ _1\"/>rator<span class=\"_ _1\"/>y test<span class=\"_ _1\"/>ing; and the mapping of seab<span class=\"_ _1\"/>ed and ge<span class=\"_ _1\"/>ologi<span class=\"_ _1\"/>cal features and hazards b<span class=\"_ _1\"/>elow using non-invasive techniqu<span class=\"_ _1\"/>es including the re<span class=\"_ _1\"/>lated interpret<span class=\"_ _1\"/>ation and visualisation<span class=\"_ _1\"/>. Its se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vices also include g<span class=\"_ _1\"/>eo consulting, gen<span class=\"_ _1\"/>eral pur<span class=\"_ _1\"/>pose navigati<span class=\"_ _1\"/>on char<span class=\"_ _1\"/>ts and env<span class=\"_ _1\"/>ironmental<span class=\"_ _1\"/>, meteorological &amp; oce<span class=\"_ _6\"/>anographic meas<span class=\"_ _7\"/>urement ser<span class=\"_ _1\"/>vice<span class=\"_ _6\"/>s. In addition, the activities con<span class=\"_ _6\"/>sist<span class=\"_ _6\"/> of pos<span class=\"_ _6\"/>itioning s<span class=\"_ _7\"/>ignals and<span class=\"_ _6\"/> ser<span class=\"_ _1\"/>vices, c<span class=\"_ _7\"/>onstruc<span class=\"_ _1\"/>tion su<span class=\"_ _6\"/>ppor<span class=\"_ _1\"/>t, monitoring a<span class=\"_ _6\"/>nd forecasting services, remote system<span class=\"_ _7\"/>s technology, and i<span class=\"_ _6\"/>nspection, repair and maintenance ser<span class=\"_ _1\"/>vices (<span class=\"_ _1\"/>IR<span class=\"_ _1\"/>M). <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>L<span class=\"_ _1\"/>and environme<span class=\"_ _1\"/>nt: The d<span class=\"_ _1\"/>etermination of s<span class=\"_ _1\"/>oil charac<span class=\"_ _1\"/>teristi<span class=\"_ _1\"/>cs via cone p<span class=\"_ _1\"/>enetr<span class=\"_ _1\"/>ation testing and<span class=\"_ _1\"/>/or the acquisition of soil samples an<span class=\"_ _1\"/>d related lab<span class=\"_ _1\"/>orator<span class=\"_ _1\"/>y test<span class=\"_ _1\"/>ing. Thes<span class=\"_ _1\"/>e ser<span class=\"_ _1\"/>vices<span class=\"_ _6\"/> are offered both ons<span class=\"_ _6\"/>hore and i<span class=\"_ _6\"/>n near s<span class=\"_ _6\"/>hore envir<span class=\"_ _6\"/>onments. In addition, the ac<span class=\"_ _1\"/>tivi<span class=\"_ _1\"/>ties consist of material testing and g<span class=\"_ _1\"/>eo-consulting ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices as well as asset integrit<span class=\"_ _1\"/>y solut<span class=\"_ _1\"/>ions (monitoring<span class=\"_ _1\"/>, analysis, mo<span class=\"_ _1\"/>delling) fo<span class=\"_ _1\"/>r clients in th<span class=\"_ _1\"/>e elec<span class=\"_ _1\"/>tric<span class=\"_ _1\"/>al power busi<span class=\"_ _6\"/>ness, railroad<span class=\"_ _7\"/>s<span class=\"_ _1\"/>, road<span class=\"_ _6\"/>s and in<span class=\"_ _7\"/>fr<span class=\"_ _1\"/>astructure.  Op<span class=\"_ _1\"/>erat<span class=\"_ _1\"/>ing se<span class=\"_ _1\"/>gmen<span class=\"_ _1\"/>ts / rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tab<span class=\"_ _1\"/>le seg<span class=\"_ _1\"/>ment<span class=\"_ _1\"/>s(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1a4\"> </span>E-A<span class=\"_ _1a5\"> </span>AM<span class=\"_ _10a\"> </span>A<span class=\"_ _1\"/>PAC<span class=\"_ _10a\"> </span>MEI<span class=\"_ _118\"> </span><span class=\"ls19e ws19e\">E<span class=\"_ _1\"/>liminations<span class=\"_ _e1\"> </span>Consolidated</span> <span class=\"_ _1a6\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">20<span class=\"_ _1\"/>21<span class=\"_ _d0\"> </span></span>2<span class=\"_ _1\"/>022<span class=\"_ _fa\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _2b\"> </span></span>2022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _2b\"> </span></span>2022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _2b\"> </span></span>2022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">20<span class=\"_ _1\"/>21<span class=\"_ _d0\"> </span></span>2<span class=\"_ _1\"/>022<span class=\"_ _fa\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Segment revenue<span class=\"_ _6\"/> <span class=\"_ _1a7\"> </span><span class=\"ls2 ws2\">829,251<span class=\"_ _59\"> </span><span class=\"ff8 fc14\">683,565<span class=\"_ _47\"> </span></span>463,<span class=\"_ _6\"/>145 <span class=\"_ _12e\"> </span><span class=\"ff8 fc14\">358,5<span class=\"_ _1\"/>59<span class=\"_ _17a\"> </span></span>330,521 <span class=\"_ _cc\"> </span><span class=\"ff8 fc14\">324,000<span class=\"_ _13\"> </span></span>228,511 <span class=\"_ _17f\"> </span><span class=\"ff8 fc14\">157<span class=\"_ _7\"/>,043</span></span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>1,851,428 <span class=\"_ _17e\"> </span><span class=\"ff8 fc14\">1,52<span class=\"_ _1\"/>3,<span class=\"_ _6\"/>167</span>Of which i<span class=\"_ _6\"/>nter<span class=\"_ _7\"/>-segment reven<span class=\"_ _6\"/>ue<span class=\"_ _77\"> </span><span class=\"ls2 ws2\">(40,942)<span class=\"_ _33\"> </span><span class=\"ff8 fc14\">(2<span class=\"_ _1\"/>5,938)<span class=\"_ _e4\"> </span></span>(9,020)<span class=\"_ _13\"> </span><span class=\"ff8 fc14\">(3,067)<span class=\"_ _34\"> </span></span>(20,0<span class=\"_ _1\"/>52)<span class=\"_ _15\"> </span><span class=\"ff8 fc14\">(16,881)<span class=\"_ _17f\"> </span></span>(15,405)<span class=\"_ _17f\"> </span><span class=\"ff8 fc14\">(15,556)</span></span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>(85,419)<span class=\"_ _59\"> </span><span class=\"ff8 fc14\">(61,442)</span>Revenu<span class=\"_ _1\"/>e fro<span class=\"_ _1\"/>m exte<span class=\"_ _1\"/>rna<span class=\"_ _1\"/>l custo<span class=\"_ _1\"/>mers<span class=\"_ _1a8\"> </span>788,309<span class=\"_ _9\"> </span>65<span class=\"_ _1\"/>7<span class=\"_ _7\"/>,627<span class=\"_ _9\"> </span>45<span class=\"_ _1\"/>4,<span class=\"_ _7\"/>125 <span class=\"_ _12e\"> </span><span class=\"fc14\">355,492<span class=\"_ _17f\"> </span></span>310,469 <span class=\"_ _175\"> </span><span class=\"fc14\">3<span class=\"_ _1\"/>07<span class=\"_ _3\"/>,119<span class=\"_ _47\"> </span><span class=\"fc2\">213,106 <span class=\"_ _17f\"> </span></span>141,487</span>-<span class=\"_ _47\"> </span><span class=\"fc14\">-</span>1,766,009<span class=\"_ _11c\"> </span><span class=\"fc14\">1,461,725</span>Segment result<span class=\"_ _1a9\"> </span><span class=\"ff4 fs6 ls2 ws2\">134,796 <span class=\"_ _17a\"> </span><span class=\"ff8 fc14\">115,<span class=\"_ _1\"/>227<span class=\"_ _36\"> </span></span>26,20<span class=\"_ _1\"/>4 <span class=\"_ _12\"> </span><span class=\"ff8 fc14\">2<span class=\"_ _1\"/>5,412<span class=\"_ _e5\"> </span></span>4<span class=\"_ _1\"/>5,318 <span class=\"_ _12\"> </span><span class=\"ff8 fc14\">26,134<span class=\"_ _111\"> </span></span>12,053 <span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">6,768</span></span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>218,371<span class=\"_ _13\"> </span><span class=\"ff8 fc14\">17<span class=\"_ _1\"/>3,541</span>Depreciation<span class=\"_ _1aa\"> </span><span class=\"ls2 ws2\">(60,564)<span class=\"_ _32\"> </span><span class=\"ff8 fc14\">(53,965)<span class=\"_ _14\"> </span></span>(27<span class=\"_ _7\"/>,450)<span class=\"_ _34\"> </span><span class=\"ff8 fc14\">(2<span class=\"_ _1\"/>3,695)<span class=\"_ _17f\"> </span></span>(23,341)<span class=\"_ _12e\"> </span><span class=\"ff8 fc14\">(24,804)<span class=\"_ _59\"> </span></span>(10,93<span class=\"_ _1\"/>0)<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">(9,640)</span></span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>(122,285)<span class=\"_ _34\"> </span><span class=\"ff8 fc14\">(112,104)</span>Amor<span class=\"_ _1\"/>tisation<span class=\"_ _6\"/> <span class=\"_ _1ab\"> </span><span class=\"ls2 ws2\">(288)<span class=\"_ _b3\"> </span><span class=\"ff8 fc14\">(183)<span class=\"_ _a1\"> </span></span>(50)<span class=\"_ _f2\"> </span><span class=\"ff8 fc14\">(19<span class=\"_ _1\"/>5)<span class=\"_ _b3\"> </span></span>(196)<span class=\"_ _37\"> </span><span class=\"ff8 fc14\">(178)<span class=\"_ _6b\"> </span></span><span class=\"ws200\">(1)                 <span class=\"_ _87\"> </span></span><span class=\"ff8 fc14\">(1)</span></span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>(535)<span class=\"_ _fa\"> </span><span class=\"ff8 fc14\">(5<span class=\"_ _1\"/>57)</span>Impairme<span class=\"_ _1\"/>nts<span class=\"_ _1ac\"> </span><span class=\"ls2 ws2\">(438)<span class=\"_ _b4\"> </span><span class=\"ff8 fc14 ls100 ws10c\">3<span class=\"_ _1\"/>70<span class=\"_ _65\"> </span></span><span class=\"ls43 ws4b\">(277)<span class=\"_ _a1\"> </span></span><span class=\"ff8 fc14\">128<span class=\"_ _17c\"> </span></span>(1,546)<span class=\"_ _2b\"> </span><span class=\"ff8 fc14\">(1,117)<span class=\"_ _fa\"> </span></span>(322)</span>-<span class=\"_ _47\"> </span><span class=\"ff4 fc2\">-<span class=\"_ _47\"> </span></span>-(2,583)<span class=\"_ _f2\"> </span><span class=\"ff8 fc14\">(619)</span>Resu<span class=\"_ _1\"/>lt fro<span class=\"_ _1\"/>m ope<span class=\"_ _1\"/>rati<span class=\"_ _1\"/>ng ac<span class=\"_ _1\"/>tiv<span class=\"_ _1\"/>itie<span class=\"_ _1\"/>s (E<span class=\"_ _1\"/>BI<span class=\"_ _1\"/>T<span class=\"_ _1\"/>)<span class=\"_ _1ad\"> </span>73,50<span class=\"_ _1\"/>6<span class=\"_ _13d\"> </span><span class=\"fc14\">61,449<span class=\"_ _17c\"> </span></span>(1,5<span class=\"_ _1\"/>73)<span class=\"_ _e3\"> </span><span class=\"fc14\">1,650<span class=\"_ _12\"> </span></span>20,235<span class=\"_ _89\"> </span><span class=\"fc14\">35<span class=\"_ _84\"> </span></span>80<span class=\"_ _1\"/>0<span class=\"_ _e5\"> </span><span class=\"fc14\">(2,873)</span>-<span class=\"_ _47\"> </span><span class=\"fc14\">-</span>92,968<span class=\"_ _e5\"> </span><span class=\"fc14\">60,261</span>EB<span class=\"_ _1\"/>IT in % of reve<span class=\"_ _1\"/>nue<span class=\"_ _1ae\"> </span>9.3<span class=\"_ _1\"/>%<span class=\"_ _17b\"> </span><span class=\"ff8 fc14\">9.3<span class=\"_ _0\"/>%<span class=\"_ _e3\"> </span></span>(0.3<span class=\"_ _1\"/>%)<span class=\"_ _9f\"> </span><span class=\"ff8 fc14\">0.5<span class=\"_ _0\"/>%<span class=\"_ _17b\"> </span></span>6.5<span class=\"_ _0\"/>%<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">0.0<span class=\"_ _0\"/>%<span class=\"_ _f9\"> </span></span><span class=\"ls1e1 ws1e7\">0<span class=\"_ _1\"/>.4<span class=\"_ _0\"/>%<span class=\"_ _e3\"> </span></span><span class=\"ff8 fc14\">(2.0<span class=\"_ _1\"/>%)</span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>5.3<span class=\"_ _1\"/>%<span class=\"_ _c0\"> </span><span class=\"ff8 fc14 ls1df ws1e5\">4.1<span class=\"_ _0\"/>%</span>Finan<span class=\"_ _6\"/>ce i<span class=\"_ _6\"/>ncome<span class=\"_ _1af\"> </span>24,610 <span class=\"_ _47\"> </span><span class=\"ff8 fc14\">2<span class=\"_ _1\"/>0,785<span class=\"_ _3a\"> </span></span>8,04<span class=\"_ _1\"/>6 <span class=\"_ _39\"> </span>7<span class=\"_ _7\"/>,801<span class=\"_ _c0\"> </span>7<span class=\"_ _3\"/>,<span class=\"_ _6\"/>166 <span class=\"_ _111\"> </span>9,882<span class=\"_ _39\"> </span><span class=\"ff4 fc2\">2,805 <span class=\"_ _e3\"> </span></span>3,387<span class=\"_ _36\"> </span><span class=\"ff4 fc2\">(27<span class=\"_ _7\"/>,337)<span class=\"_ _34\"> </span><span class=\"ff8 fc14\">(22,029)<span class=\"_ _145\"> </span></span>15,<span class=\"_ _1\"/>290<span class=\"_ _e5\"> </span><span class=\"ff8 fc14\">19,826</span></span>Fina<span class=\"_ _1\"/>nce ex<span class=\"_ _1\"/>pens<span class=\"_ _1\"/>e<span class=\"_ _1b0\"> </span><span class=\"ls2 ws2\">(29,558)<span class=\"_ _33\"> </span><span class=\"ff8 fc14\">(28,928)<span class=\"_ _f3\"> </span></span>(9,502)<span class=\"_ _59\"> </span><span class=\"ff8 fc14\">(10,036)<span class=\"_ _47\"> </span></span>(15,413)<span class=\"_ _59\"> </span><span class=\"ff8 fc14\">(1<span class=\"_ _1\"/>6,256)<span class=\"_ _120\"> </span></span>(8,159)<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">(4,899)<span class=\"_ _12\"> </span></span>27<span class=\"_ _7\"/>,337 <span class=\"_ _47\"> </span><span class=\"ff8 fc14\">22,029<span class=\"_ _47\"> </span></span>(35,<span class=\"_ _1\"/>295)<span class=\"_ _122\"> </span><span class=\"ff8 fc14\">(38,0<span class=\"_ _1\"/>90)</span></span>Share of pr<span class=\"_ _1\"/>ofit<span class=\"_ _1\"/>/(<span class=\"_ _1\"/>loss) of equit<span class=\"_ _1\"/>y-accounted investees<span class=\"_ _129\"> </span>1,297 <span class=\"_ _6e\"> </span><span class=\"ff8 fc14\">221</span>--9,747 <span class=\"_ _145\"> </span><span class=\"ff8 fc14\">13,09<span class=\"_ _1\"/>4<span class=\"_ _fa\"> </span></span>2,481 <span class=\"_ _17b\"> </span><span class=\"ff8 fc14 ls1df ws1e5\">4<span class=\"_ _1\"/>,16<span class=\"_ _1\"/>1</span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>13,525<span class=\"_ _3a\"> </span><span class=\"ff8 fc14\">17<span class=\"_ _7\"/>,476</span>Rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tab<span class=\"_ _1\"/>le se<span class=\"_ _1\"/>gmen<span class=\"_ _1\"/>t prof<span class=\"_ _1\"/>it<span class=\"_ _1\"/>/(<span class=\"_ _1\"/>loss) bef<span class=\"_ _1\"/>ore in<span class=\"_ _1\"/>come ta<span class=\"_ _1\"/>x<span class=\"_ _22\"> </span>69,855 <span class=\"_ _145\"> </span><span class=\"fc14\">53,527<span class=\"_ _e5\"> </span></span>(3,029)<span class=\"_ _39\"> </span><span class=\"fc14\">(585)<span class=\"_ _13\"> </span></span>21,735 <span class=\"_ _9f\"> </span><span class=\"fc14\">6,755<span class=\"_ _111\"> </span></span>(2,073) <span class=\"_ _9f\"> </span><span class=\"fc14\">(224)</span>-<span class=\"_ _47\"> </span><span class=\"fc14\">-</span>86,488<span class=\"_ _10b\"> </span><span class=\"fc14\">59,473</span>Income tax<span class=\"_ _1b1\"> </span><span class=\"ls2 ws2\">(6,031)<span class=\"_ _10b\"> </span><span class=\"ff8 fc14\">(1,059)<span class=\"_ _f9\"> </span></span>(636)<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">2,667<span class=\"_ _24\"> </span></span>497 <span class=\"_ _17b\"> </span><span class=\"ff8 fc14\">1,163<span class=\"_ _3a\"> </span></span>(1,027)<span class=\"_ _9b\"> </span><span class=\"ff8 fc14\">2<span class=\"_ _1\"/>78</span></span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>(7<span class=\"_ _7\"/>,197)<span class=\"_ _e5\"> </span><span class=\"ff8 fc14\">3,049</span>Prof<span class=\"_ _1\"/>it<span class=\"_ _1\"/>/<span class=\"_ _1\"/>(los<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) f<span class=\"_ _1\"/>or the p<span class=\"_ _1\"/>er<span class=\"_ _1\"/>iod fr<span class=\"_ _1\"/>om con<span class=\"_ _1\"/>tinuin<span class=\"_ _1\"/>g ope<span class=\"_ _1\"/>rat<span class=\"_ _1\"/>ions<span class=\"_ _111\"> </span>63,824<span class=\"_ _13\"> </span><span class=\"fc14\">52,46<span class=\"_ _1\"/>8<span class=\"_ _120\"> </span></span>(3,6<span class=\"_ _1\"/>65)<span class=\"_ _120\"> </span><span class=\"fc14\">2,082<span class=\"_ _10b\"> </span></span>22,232<span class=\"_ _b3\"> </span>7<span class=\"_ _7\"/>,918<span class=\"_ _e3\"> </span><span class=\"fc2\">(3,<span class=\"_ _7\"/>10<span class=\"_ _1\"/>0)<span class=\"_ _20\"> </span><span class=\"fc14 ls43 ws4b\">54</span></span>-<span class=\"_ _47\"> </span><span class=\"fc14\">-</span>79,291<span class=\"_ _10b\"> </span><span class=\"fc14\">62,522</span>Capit<span class=\"_ _1\"/>al employed<span class=\"_ _1b2\"> </span>514,866<span class=\"_ _17f\"> </span>469,7<span class=\"_ _6\"/>49<span class=\"_ _17a\"> </span><span class=\"ff4 fc2\">2<span class=\"_ _1\"/>36,017<span class=\"_ _9\"> </span></span>219,349<span class=\"_ _f3\"> </span><span class=\"ff4 fc2\">221,475<span class=\"_ _15\"> </span></span>189,259<span class=\"_ _47\"> </span><span class=\"ff4 fc2\">132,<span class=\"_ _6\"/>420<span class=\"_ _15\"> </span><span class=\"ff8 fc14\">128,494</span></span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>1,<span class=\"_ _6\"/>104,7<span class=\"_ _1\"/>78<span class=\"_ _a\"> </span><span class=\"ff8 fc14\">1,006,851</span>No<span class=\"_ _1\"/>n-curre<span class=\"_ _1\"/>nt assets<span class=\"_ _1b3\"> </span><span class=\"ls2 ws2\">596,55<span class=\"_ _1\"/>0<span class=\"_ _17f\"> </span><span class=\"ff8 fc14\">57<span class=\"_ _1\"/>9,704<span class=\"_ _59\"> </span></span>20<span class=\"_ _1\"/>6,562<span class=\"_ _e4\"> </span><span class=\"ff8 fc14\">176,25<span class=\"_ _1\"/>7<span class=\"_ _f3\"> </span></span>241,241<span class=\"_ _9\"> </span><span class=\"ff8 fc14\">242,37<span class=\"_ _1\"/>7<span class=\"_ _47\"> </span></span>145,897<span class=\"_ _175\"> </span><span class=\"ff8 fc14\">128,532</span></span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>1,<span class=\"_ _6\"/>190,25<span class=\"_ _1\"/>0<span class=\"_ _11c\"> </span><span class=\"ff8 fc14\">1,126,870</span>Cap<span class=\"_ _1\"/>ital exp<span class=\"_ _1\"/>enditur<span class=\"_ _1\"/>e prope<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>y, plant and e<span class=\"_ _1\"/>quipment<span class=\"_ _1b\"> </span>60,5<span class=\"_ _1\"/>62<span class=\"_ _36\"> </span><span class=\"ff8 fc14\">33,893<span class=\"_ _e5\"> </span></span>21,049<span class=\"_ _3a\"> </span><span class=\"ff8 fc14\">15,351<span class=\"_ _10b\"> </span></span>32,388<span class=\"_ _10b\"> </span><span class=\"ff8 fc14\">23,634<span class=\"_ _17b\"> </span></span>9,100<span class=\"_ _d0\"> </span><span class=\"ff8 fc14\">6,805</span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>123,09<span class=\"_ _1\"/>9<span class=\"_ _36\"> </span><span class=\"ff8 fc14\">79,6<span class=\"_ _1\"/>83</span>Cap<span class=\"_ _1\"/>ital exp<span class=\"_ _1\"/>enditur<span class=\"_ _1\"/>e E&amp;E<span class=\"_ _1\"/>, sof<span class=\"_ _1\"/>tw<span class=\"_ _1\"/>are and oth<span class=\"_ _1\"/>er intangib<span class=\"_ _1\"/>le asset<span class=\"_ _1\"/>s<span class=\"_ _1b4\"> </span><span class=\"ls2 ws2\">1,509<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">63<span class=\"_ _1\"/>5<span class=\"_ _6e\"> </span></span><span class=\"ls43 ws4b\">586<span class=\"_ _8d\"> </span><span class=\"ff8 fc14 ls87 ws3b\">81<span class=\"_ _22\"> </span></span></span>263<span class=\"_ _fa\"> </span><span class=\"ff8 fc14\">1,650<span class=\"_ _7c\"> </span></span>119</span>-<span class=\"_ _47\"> </span><span class=\"ff4 fc2\">-<span class=\"_ _47\"> </span></span>-2,477<span class=\"_ _39\"> </span><span class=\"ff8 fc14\">2,366</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade receivables<span class=\"_ _6\"/> and un<span class=\"_ _6\"/>billed reven<span class=\"_ _6\"/>ue on (<span class=\"_ _7\"/>completed) contracts<span class=\"_ _28\"> </span><span class=\"ls2 ws2\">192,743<span class=\"_ _15\"> </span><span class=\"ff8 fc14\">159,<span class=\"_ _1\"/>260<span class=\"_ _175\"> </span></span>126,939<span class=\"_ _13d\"> </span><span class=\"ff8 fc14\">113,103<span class=\"_ _f3\"> </span></span>9<span class=\"_ _1\"/>4,886<span class=\"_ _e5\"> </span><span class=\"ff8 fc14\">90,3<span class=\"_ _1\"/>51<span class=\"_ _36\"> </span></span>93,383<span class=\"_ _10b\"> </span><span class=\"ff8 fc14\">63,32<span class=\"_ _1\"/>3</span></span>-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>507<span class=\"_ _7\"/>,951<span class=\"_ _17f\"> </span><span class=\"ff8 fc14\">426,037</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-34-4": {
   "value": "7.<span class=\"_ _1\"/> <span class=\"_ _5a\"> </span><span class=\"ff5 fs6 ls1ef ws47\">SEG<span class=\"_ _1\"/>MENT REPORTING</span>Fugro has four inte<span class=\"_ _1\"/>grated re<span class=\"_ _1\"/>gions: Europ<span class=\"_ _1\"/>e-Afr<span class=\"_ _1\"/>ica (E-A<span class=\"_ _1\"/>), Ame<span class=\"_ _1\"/>ricas (A<span class=\"_ _1\"/>M), A<span class=\"_ _1\"/>sia Pa<span class=\"_ _1\"/>cific (<span class=\"_ _1\"/>APAC) and Middl<span class=\"_ _1\"/>e East &amp; India (M<span class=\"_ _1\"/>EI<span class=\"_ _1\"/>). The organisati<span class=\"_ _1\"/>onal and rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting stru<span class=\"_ _1\"/>cture consists of these fo<span class=\"_ _1\"/>ur regions<span class=\"_ _1\"/>. Within th<span class=\"_ _1\"/>e regions<span class=\"_ _1\"/>, the foll<span class=\"_ _1\"/>owing business line str<span class=\"_ _1\"/>uctur<span class=\"_ _1\"/>e exists: Mar<span class=\"_ _1\"/>ine Site Char<span class=\"_ _1\"/>acter<span class=\"_ _1\"/>isation (M<span class=\"_ _1\"/>SC<span class=\"_ _1\"/>), Marine A<span class=\"_ _1\"/>sset Integr<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y (M<span class=\"_ _1\"/>AI)<span class=\"_ _1\"/>, Land S<span class=\"_ _1\"/>ite Charac<span class=\"_ _1\"/>terisati<span class=\"_ _1\"/>on (L<span class=\"_ _1\"/>SC<span class=\"_ _1\"/>) and L<span class=\"_ _1\"/>and A<span class=\"_ _1\"/>sset Integr<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y (L<span class=\"_ _1\"/>A<span class=\"_ _1\"/>I). T<span class=\"_ _1\"/>he ope<span class=\"_ _1\"/>rating results of t<span class=\"_ _1\"/>he four regi<span class=\"_ _1\"/>ons are direc<span class=\"_ _1\"/>tly repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ted to and revi<span class=\"_ _1\"/>ewed by t<span class=\"_ _1\"/>he Board of M<span class=\"_ _1\"/>anagement<span class=\"_ _1\"/>, being t<span class=\"_ _1\"/>he Chief O<span class=\"_ _1\"/>perat<span class=\"_ _1\"/>ing Decision Maker<span class=\"_ _7\"/>. Segm<span class=\"_ _1\"/>ent results, asset<span class=\"_ _1\"/>s and liabilities inclu<span class=\"_ _1\"/>de items direc<span class=\"_ _1\"/>tly at<span class=\"_ _1\"/>tribut<span class=\"_ _1\"/>able to a segme<span class=\"_ _1\"/>nt as well as those t<span class=\"_ _1\"/>hat can be alloc<span class=\"_ _1\"/>ated on a reasonab<span class=\"_ _1\"/>le basis. Segm<span class=\"_ _1\"/>ent assets are allo<span class=\"_ _1\"/>cated based on t<span class=\"_ _1\"/>he geo<span class=\"_ _1\"/>graphic<span class=\"_ _1\"/>al locati<span class=\"_ _1\"/>on of the op<span class=\"_ _1\"/>erating company using th<span class=\"_ _1\"/>e assets (\u2018region of origin\u2019<span class=\"_ _1\"/>). Fugro all<span class=\"_ _1\"/>ocates corp<span class=\"_ _1\"/>orate exp<span class=\"_ _1\"/>enses, f<span class=\"_ _1\"/>inance income (expenses<span class=\"_ _6\"/>) and assets (<span class=\"_ _1\"/>liabilities<span class=\"_ _6\"/>) that relate to mor<span class=\"_ _1\"/>e than one op<span class=\"_ _1\"/>erating se<span class=\"_ _1\"/>gment to the re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>tabl<span class=\"_ _1\"/>e segment based on n<span class=\"_ _1\"/>et revenue. I<span class=\"_ _1\"/>nter<span class=\"_ _6\"/>-segment pr<span class=\"_ _1\"/>icing is determine<span class=\"_ _1\"/>d on an arm\u2019s length b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s. The E-A<span class=\"_ _0\"/>, AM<span class=\"_ _1\"/>, A<span class=\"_ _1\"/>P<span class=\"_ _6\"/>AC<span class=\"_ _1\"/>, ME<span class=\"_ _1\"/>I oper<span class=\"_ _1\"/>ating segm<span class=\"_ _1\"/>ents gen<span class=\"_ _1\"/>erate revenu<span class=\"_ _1\"/>es from: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Marin<span class=\"_ _1\"/>e environment<span class=\"_ _1\"/>: The dete<span class=\"_ _1\"/>rmination of soil comp<span class=\"_ _1\"/>osition via cone p<span class=\"_ _1\"/>enetr<span class=\"_ _1\"/>ation testing or t<span class=\"_ _1\"/>he acquisition of soil samples an<span class=\"_ _1\"/>d related labo<span class=\"_ _1\"/>rator<span class=\"_ _1\"/>y test<span class=\"_ _1\"/>ing; and the mapping of seab<span class=\"_ _1\"/>ed and ge<span class=\"_ _1\"/>ologi<span class=\"_ _1\"/>cal features and hazards b<span class=\"_ _1\"/>elow using non-invasive techniqu<span class=\"_ _1\"/>es including the re<span class=\"_ _1\"/>lated interpret<span class=\"_ _1\"/>ation and visualisation<span class=\"_ _1\"/>. Its se<span class=\"_ _1\"/>r<span class=\"_ _1\"/>vices also include g<span class=\"_ _1\"/>eo consulting, gen<span class=\"_ _1\"/>eral pur<span class=\"_ _1\"/>pose navigati<span class=\"_ _1\"/>on char<span class=\"_ _1\"/>ts and env<span class=\"_ _1\"/>ironmental<span class=\"_ _1\"/>, meteorological &amp; oce<span class=\"_ _6\"/>anographic meas<span class=\"_ _7\"/>urement ser<span class=\"_ _1\"/>vice<span class=\"_ _6\"/>s. In addition, the activities con<span class=\"_ _6\"/>sist<span class=\"_ _6\"/> of pos<span class=\"_ _6\"/>itioning s<span class=\"_ _7\"/>ignals and<span class=\"_ _6\"/> ser<span class=\"_ _1\"/>vices, c<span class=\"_ _7\"/>onstruc<span class=\"_ _1\"/>tion su<span class=\"_ _6\"/>ppor<span class=\"_ _1\"/>t, monitoring a<span class=\"_ _6\"/>nd forecasting services, remote system<span class=\"_ _7\"/>s technology, and i<span class=\"_ _6\"/>nspection, repair and maintenance ser<span class=\"_ _1\"/>vices (<span class=\"_ _1\"/>IR<span class=\"_ _1\"/>M). <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>L<span class=\"_ _1\"/>and environme<span class=\"_ _1\"/>nt: The d<span class=\"_ _1\"/>etermination of s<span class=\"_ _1\"/>oil charac<span class=\"_ _1\"/>teristi<span class=\"_ _1\"/>cs via cone p<span class=\"_ _1\"/>enetr<span class=\"_ _1\"/>ation testing and<span class=\"_ _1\"/>/or the acquisition of soil samples an<span class=\"_ _1\"/>d related lab<span class=\"_ _1\"/>orator<span class=\"_ _1\"/>y test<span class=\"_ _1\"/>ing. Thes<span class=\"_ _1\"/>e ser<span class=\"_ _1\"/>vices<span class=\"_ _6\"/> are offered both ons<span class=\"_ _6\"/>hore and i<span class=\"_ _6\"/>n near s<span class=\"_ _6\"/>hore envir<span class=\"_ _6\"/>onments. In addition, the ac<span class=\"_ _1\"/>tivi<span class=\"_ _1\"/>ties consist of material testing and g<span class=\"_ _1\"/>eo-consulting ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices as well as asset integrit<span class=\"_ _1\"/>y solut<span class=\"_ _1\"/>ions (monitoring<span class=\"_ _1\"/>, analysis, mo<span class=\"_ _1\"/>delling) fo<span class=\"_ _1\"/>r clients in th<span class=\"_ _1\"/>e elec<span class=\"_ _1\"/>tric<span class=\"_ _1\"/>al power busi<span class=\"_ _6\"/>ness, railroad<span class=\"_ _7\"/>s<span class=\"_ _1\"/>, road<span class=\"_ _6\"/>s and in<span class=\"_ _7\"/>fr<span class=\"_ _1\"/>astructure.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-37-2": {
   "value": "8.  ASSETS HELD FOR SALENon-current assets that are expected to be recovered primarily through sale rather than through continuing use are classified as held for sale. Immediately before classification as held for sale, these assets are remeasured in accordance with the Group\u2019s accounting policies. Thereafter generally the assets are measured at the lower of their carrying amount and fair values less costs to sell. Once classified as held for sale, intangible assets and property, plant and equipment are no longer amortised or depreciated, and any equity-accounted investees are no longer equity-accounted. Discontinued operations are excluded from the results of continuing operations and are presented as a single amount as profit or loss after tax from discontinued operations in the statement of profit or loss. 8.1  Discontinued operationsSeabed Geosolutions had been presented as a disposal group held for sale and a discontinued operation until its divestment on 28 June 2021. There is no material impact from discontinued operations in the 2022 financial statements. The cash flow from discontinued operations in 2022 relates to changes in remaining working capital balancesin Seabed Geosolutions.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-37-3": {
   "value": "8.  ASSETS HELD FOR SALENon-current assets that are expected to be recovered primarily through sale rather than through continuing use are classified as held for sale. Immediately before classification as held for sale, these assets are remeasured in accordance with the Group\u2019s accounting policies. Thereafter generally the assets are measured at the lower of their carrying amount and fair values less costs to sell. Once classified as held for sale, intangible assets and property, plant and equipment are no longer amortised or depreciated, and any equity-accounted investees are no longer equity-accounted. Discontinued operations are excluded from the results of continuing operations and are presented as a single amount as profit or loss after tax from discontinued operations in the statement of profit or loss. 8.1  Discontinued operationsSeabed Geosolutions had been presented as a disposal group held for sale and a discontinued operation until its divestment on 28 June 2021. There is no material impact from discontinued operations in the 2022 financial statements. The cash flow from discontinued operations in 2022 relates to changes in remaining working capital balancesin Seabed Geosolutions.8.2  Assets held for saleAssets held for sale as at 31 December 2022 of EUR 10.7 million (31 December 2021: EUR 9.7million) consist of property, plant and equipment with a total carrying amount (which is the lower book value) of EUR 2.9 million (31 December 2021: EUR 4.3 million) and the interest in the Global Marine Group associate with a carrying amount of EUR 7.8 million (31 December 2021: EUR 5.4 million).Property, plant and equipment held for sale pertains to certain properties and an airplane.These assets were presented in the AM and APAC operating segments respectively. Due tothe advanced stage of negotiations with the respective potential buyers, it is deemed highly probable that these assets will be sold in exchange for cash in 2023 (reference is made to the subsequent events note). There were no impairments or reversals of impairments with respect to these assets in 2022.HC2 Holdings Inc is a third party and the majority owner of the Global Marine Group (GMG). In connection with the highly probable exercise by HC2 of a put option agreementto sell GMG\u2019s stake in Huawei Marine Networks Co. Limited, the GMG associate has beenclassified as held for sale as of 31 December 2021. The Group expects the sale to HengtongOptic-Electric Co Ltd to be completed in 2023. There were no impairment losses or reversals with respect to GMG in 2022. GMG is presented in the E-A operating segment. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-37-4": {
   "value": "8.  ASSETS HELD FOR SALENon-current assets that are expected to be recovered primarily through sale rather than through continuing use are classified as held for sale. Immediately before classification as held for sale, these assets are remeasured in accordance with the Group\u2019s accounting policies. Thereafter generally the assets are measured at the lower of their carrying amount and fair values less costs to sell. Once classified as held for sale, intangible assets and property, plant and equipment are no longer amortised or depreciated, and any equity-accounted investees are no longer equity-accounted. Discontinued operations are excluded from the results of continuing operations and are presented as a single amount as profit or loss after tax from discontinued operations in the statement of profit or loss. 8.2  Assets held for saleAssets held for sale as at 31 December 2022 of EUR 10.7 million (31 December 2021: EUR 9.7million) consist of property, plant and equipment with a total carrying amount (which is the lower book value) of EUR 2.9 million (31 December 2021: EUR 4.3 million) and the interest in the Global Marine Group associate with a carrying amount of EUR 7.8 million (31 December 2021: EUR 5.4 million).Property, plant and equipment held for sale pertains to certain properties and an airplane.These assets were presented in the AM and APAC operating segments respectively. Due tothe advanced stage of negotiations with the respective potential buyers, it is deemed highly probable that these assets will be sold in exchange for cash in 2023 (reference is made to the subsequent events note). There were no impairments or reversals of impairments with respect to these assets in 2022.HC2 Holdings Inc is a third party and the majority owner of the Global Marine Group (GMG). In connection with the highly probable exercise by HC2 of a put option agreementto sell GMG\u2019s stake in Huawei Marine Networks Co. Limited, the GMG associate has beenclassified as held for sale as of 31 December 2021. The Group expects the sale to HengtongOptic-Electric Co Ltd to be completed in 2023. There were no impairment losses or reversals with respect to GMG in 2022. GMG is presented in the E-A operating segment. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-37-6": {
   "value": "8.  ASSETS HELD FOR SALENon-current assets that are expected to be recovered primarily through sale rather than through continuing use are classified as held for sale. Immediately before classification as held for sale, these assets are remeasured in accordance with the Group\u2019s accounting policies. Thereafter generally the assets are measured at the lower of their carrying amount and fair values less costs to sell. Once classified as held for sale, intangible assets and property, plant and equipment are no longer amortised or depreciated, and any equity-accounted investees are no longer equity-accounted. Discontinued operations are excluded from the results of continuing operations and are presented as a single amount as profit or loss after tax from discontinued operations in the statement of profit or loss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-37-7": {
   "value": "8.  ASSETS HELD FOR SALENon-current assets that are expected to be recovered primarily through sale rather than through continuing use are classified as held for sale. Immediately before classification as held for sale, these assets are remeasured in accordance with the Group\u2019s accounting policies. Thereafter generally the assets are measured at the lower of their carrying amount and fair values less costs to sell. Once classified as held for sale, intangible assets and property, plant and equipment are no longer amortised or depreciated, and any equity-accounted investees are no longer equity-accounted. Discontinued operations are excluded from the results of continuing operations and are presented as a single amount as profit or loss after tax from discontinued operations in the statement of profit or loss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-42-2": {
   "value": "9.  REVENUERevenue is recognised when control of the promised goods or services is transferred to the Group\u2019s customers, in an amount that reflects the consideration the Group expects to be entitled to in exchange for those goods or services. Fugro primarily generates revenue from services which are based on geo-intelligence derived by acquiring bespoke data and providing analysis and advisory. Revenue from sales of goods, software licences and subscription income are not a significant category of revenue.Revenue is measured based on the consideration contractually agreed with the customer. Common considerations are fixed price, daily rates or rates per (square) kilometre. The transaction price excludes amounts collected on behalf of third parties, such as value-added taxes. It is common for the Group\u2019s contracts with customers to include liquidated damages, weather standby fees or discounts that can either increase or decrease the transaction price, leading to the consideration to be variable. Variable considerations are generally constrained and recognised as revenue only to the extent that it is highly probable that the amount will not be subject to significant reversal when the uncertainty is resolved. The Group estimates variable consideration using either the expected value method or the most likely amount method based on which method better predicts the amount of consideration to which it will be entitled.The Group\u2019s services are typically sold in a bundled package of services which together form a single performance obligation. Control of the single performance obligations is generally transferred to the customer over time. The transfer of control over time is supported mostly by one of the following conditions being met: \u25a0Clauses in the contract that allow the customer to terminate the contract, pay for costs incurred plus a reasonable profit margin and take control of any work in progress. The Group does not create an asset with alternative use to the Group. \u25a0The customer simultaneously receives and consumes the benefits provided by the Group\u2019s performance as the Group performs.In limited cases, the Group may also create or enhance an asset that the customer controls as the asset is created or enhanced.For performance obligations that are satisfied over time, revenue and cost are recognised based on the extent of progress towards completion of the performance obligation. The selection of the method to measure progress towards completion requires judgement and is based on the nature of the services to be provided. The Group generally determines progress towards completion by measuring the proportion of actual cost incurred for work performed to date, compared to total estimated cost to completion. In the Group\u2019s view this best depicts the Group\u2019s performance in transferring control of services promised to its customers.The accounting policy for onerous (revenue) contracts is included in note 32 Provisions.Payment terms for customer contracts are usually based on several instalments over the duration of the contract based on pre-set contract milestones. Significant financing components are not prevalent nor material within the Group.Contract balancesWhen revenue recognised to date exceeds the progress billings to the customer, the surplus is accounted for as a contract asset and presented as unbilled revenue on a contract-by-contract basis. Unbilled revenue is accounted net of any impairment losses. When progress billings exceed the revenue, measured as costs incurred plus profits recognised to date, the balance is accounted for as a contract liability, which is presented as advance instalments to work in progress.9.1  Disaggregation of revenue from contracts with customersRevenue by businesses and market segment2022 2021(EUR x 1,000) Marine Land Total Marine Land TotalOil and gas 605,633 47,742 653,375 542,566 27,784 570,350Renewables 448,822  71,941 520,763  321,519 28,589 350,108Infrastructure 114,693 404,273 518,966 108,547 354,380 462,927Water 58,283 14,622 72,905 65,288 13,052 78,340Total 1,227,431 538,578 1,766,009 1,037,920 423,805 1,461,725Of which:Site characterisation 748,499 425,243 1,173,742 612,243 322,525 934,768Asset integrity 478,932 113,335 592,267 425,677 101,280 526,957In 2022, market segments have been redefined, and as a result, the number of market segments was reduced, certain revenues were reclassified and one segment was renamed.Comparative numbers have been restated accordingly.Revenue contracts were assessed for re-negotiations of terms and conditions due to current macro-economic environment. This includes the geopolitical uncertainty from exposure to international conflicts, supply chain challenges, inflation and interest rate rises, increasing energy costs, salary increases, etc. Whilst these matters could potentially lead to contract modifications and changes in revenue recognition patterns, it should be noted that for existing revenue contracts, the terms and conditions generally remained unchanged. Existing clauses allow the Group to (partially) pass on the rising cost burden to customers in unusual scenarios. Insofar applicable, onerous contract provisions were created for future project losses. Reference is made to note 32 Provisions for details. Fugro continuously monitors the trends to be able to reflect current conditions in the terms of new contracts and update Master Service Agreements. 9.2  Unsatisfied performance obligationsThe table below presents the transaction price allocated to performance obligations that are (partially) unsatisfied as at 31 December. Certain amounts of variable consideration are not included in the amounts presented below as these are considered to be constrained. The Group applies the practical expedient allowing not to disclose information about remaining performance obligations that have an original expected duration of one year or less. (EUR x 1,000) 2022 2021Within one year 260,687 175,014More than one year 249,926 119,549Total 510,613 294,563The increase in unsatisfied performance obligations in 2022 is explained by a number of high-value contracts signed during the year, which are estimated to be completed by 2025. 9.3  Contract balancesThe Group has recognised the following assets and liabilities related to contracts with customers:(EUR x 1,000) Note 2022 2021Unbilled revenue on (completed) projects 25 216,744 186,002Trade receivables25 291,207 240,035Advance instalments to work in progress33 (71,508) (50,514)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-42-3": {
   "value": "9.  REVENUERevenue is recognised when control of the promised goods or services is transferred to the Group\u2019s customers, in an amount that reflects the consideration the Group expects to be entitled to in exchange for those goods or services. Fugro primarily generates revenue from services which are based on geo-intelligence derived by acquiring bespoke data and providing analysis and advisory. Revenue from sales of goods, software licences and subscription income are not a significant category of revenue.Revenue is measured based on the consideration contractually agreed with the customer. Common considerations are fixed price, daily rates or rates per (square) kilometre. The transaction price excludes amounts collected on behalf of third parties, such as value-added taxes. It is common for the Group\u2019s contracts with customers to include liquidated damages, weather standby fees or discounts that can either increase or decrease the transaction price, leading to the consideration to be variable. Variable considerations are generally constrained and recognised as revenue only to the extent that it is highly probable that the amount will not be subject to significant reversal when the uncertainty is resolved. The Group estimates variable consideration using either the expected value method or the most likely amount method based on which method better predicts the amount of consideration to which it will be entitled.The Group\u2019s services are typically sold in a bundled package of services which together form a single performance obligation. Control of the single performance obligations is generally transferred to the customer over time. The transfer of control over time is supported mostly by one of the following conditions being met: \u25a0Clauses in the contract that allow the customer to terminate the contract, pay for costs incurred plus a reasonable profit margin and take control of any work in progress. The Group does not create an asset with alternative use to the Group. \u25a0The customer simultaneously receives and consumes the benefits provided by the Group\u2019s performance as the Group performs.In limited cases, the Group may also create or enhance an asset that the customer controls as the asset is created or enhanced.For performance obligations that are satisfied over time, revenue and cost are recognised based on the extent of progress towards completion of the performance obligation. The selection of the method to measure progress towards completion requires judgement and is based on the nature of the services to be provided. The Group generally determines progress towards completion by measuring the proportion of actual cost incurred for work performed to date, compared to total estimated cost to completion. In the Group\u2019s view this best depicts the Group\u2019s performance in transferring control of services promised to its customers.The accounting policy for onerous (revenue) contracts is included in note 32 Provisions.Payment terms for customer contracts are usually based on several instalments over the duration of the contract based on pre-set contract milestones. Significant financing components are not prevalent nor material within the Group.Contract balancesWhen revenue recognised to date exceeds the progress billings to the customer, the surplus is accounted for as a contract asset and presented as unbilled revenue on a contract-by-contract basis. Unbilled revenue is accounted net of any impairment losses. When progress billings exceed the revenue, measured as costs incurred plus profits recognised to date, the balance is accounted for as a contract liability, which is presented as advance instalments to work in progress.9.1  Disaggregation of revenue from contracts with customersRevenue by businesses and market segment2022 2021(EUR x 1,000) Marine Land Total Marine Land TotalOil and gas 605,633 47,742 653,375 542,566 27,784 570,350Renewables 448,822  71,941 520,763  321,519 28,589 350,108Infrastructure 114,693 404,273 518,966 108,547 354,380 462,927Water 58,283 14,622 72,905 65,288 13,052 78,340Total 1,227,431 538,578 1,766,009 1,037,920 423,805 1,461,725Of which:Site characterisation 748,499 425,243 1,173,742 612,243 322,525 934,768Asset integrity 478,932 113,335 592,267 425,677 101,280 526,957In 2022, market segments have been redefined, and as a result, the number of market segments was reduced, certain revenues were reclassified and one segment was renamed.Comparative numbers have been restated accordingly.Revenue contracts were assessed for re-negotiations of terms and conditions due to current macro-economic environment. This includes the geopolitical uncertainty from exposure to international conflicts, supply chain challenges, inflation and interest rate rises, increasing energy costs, salary increases, etc. Whilst these matters could potentially lead to contract modifications and changes in revenue recognition patterns, it should be noted that for existing revenue contracts, the terms and conditions generally remained unchanged. Existing clauses allow the Group to (partially) pass on the rising cost burden to customers in unusual scenarios. Insofar applicable, onerous contract provisions were created for future project losses. Reference is made to note 32 Provisions for details. Fugro continuously monitors the trends to be able to reflect current conditions in the terms of new contracts and update Master Service Agreements. 9.2  Unsatisfied performance obligationsThe table below presents the transaction price allocated to performance obligations that are (partially) unsatisfied as at 31 December. Certain amounts of variable consideration are not included in the amounts presented below as these are considered to be constrained. The Group applies the practical expedient allowing not to disclose information about remaining performance obligations that have an original expected duration of one year or less. (EUR x 1,000) 2022 2021Within one year 260,687 175,014More than one year 249,926 119,549Total 510,613 294,563The increase in unsatisfied performance obligations in 2022 is explained by a number of high-value contracts signed during the year, which are estimated to be completed by 2025. 9.3  Contract balancesThe Group has recognised the following assets and liabilities related to contracts with customers:(EUR x 1,000) Note 2022 2021Unbilled revenue on (completed) projects 25 216,744 186,002Trade receivables25 291,207 240,035Advance instalments to work in progress33 (71,508) (50,514)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-42-5": {
   "value": "9.  REVENUERevenue is recognised when control of the promised goods or services is transferred to the Group\u2019s customers, in an amount that reflects the consideration the Group expects to be entitled to in exchange for those goods or services. Fugro primarily generates revenue from services which are based on geo-intelligence derived by acquiring bespoke data and providing analysis and advisory. Revenue from sales of goods, software licences and subscription income are not a significant category of revenue.Revenue is measured based on the consideration contractually agreed with the customer. Common considerations are fixed price, daily rates or rates per (square) kilometre. The transaction price excludes amounts collected on behalf of third parties, such as value-added taxes. It is common for the Group\u2019s contracts with customers to include liquidated damages, weather standby fees or discounts that can either increase or decrease the transaction price, leading to the consideration to be variable. Variable considerations are generally constrained and recognised as revenue only to the extent that it is highly probable that the amount will not be subject to significant reversal when the uncertainty is resolved. The Group estimates variable consideration using either the expected value method or the most likely amount method based on which method better predicts the amount of consideration to which it will be entitled.The Group\u2019s services are typically sold in a bundled package of services which together form a single performance obligation. Control of the single performance obligations is generally transferred to the customer over time. The transfer of control over time is supported mostly by one of the following conditions being met: \u25a0Clauses in the contract that allow the customer to terminate the contract, pay for costs incurred plus a reasonable profit margin and take control of any work in progress. The Group does not create an asset with alternative use to the Group. \u25a0The customer simultaneously receives and consumes the benefits provided by the Group\u2019s performance as the Group performs.In limited cases, the Group may also create or enhance an asset that the customer controls as the asset is created or enhanced.For performance obligations that are satisfied over time, revenue and cost are recognised based on the extent of progress towards completion of the performance obligation. The selection of the method to measure progress towards completion requires judgement and is based on the nature of the services to be provided. The Group generally determines progress towards completion by measuring the proportion of actual cost incurred for work performed to date, compared to total estimated cost to completion. In the Group\u2019s view this best depicts the Group\u2019s performance in transferring control of services promised to its customers.The accounting policy for onerous (revenue) contracts is included in note 32 Provisions.Payment terms for customer contracts are usually based on several instalments over the duration of the contract based on pre-set contract milestones. Significant financing components are not prevalent nor material within the Group.Contract balancesWhen revenue recognised to date exceeds the progress billings to the customer, the surplus is accounted for as a contract asset and presented as unbilled revenue on a contract-by-contract basis. Unbilled revenue is accounted net of any impairment losses. When progress billings exceed the revenue, measured as costs incurred plus profits recognised to date, the balance is accounted for as a contract liability, which is presented as advance instalments to work in progress.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-47-2": {
   "value": "10.  THIRD PARTY COSTS(EUR x 1,000) 2022 2021Cost of suppliers 614,719 491,374Lease expenses 98,223 75,739Onerous contracts 5,739-Other costs 8,687 18,145Total 727,368 585,258Cost of suppliers comprise mainly costs of short-term third-party equipment hire, lease of low-value assets, fuel, third-party personnel, consumables, and sub-contracted services. Also included are costs of maintenance and operational supplies amounting to EUR 30.8 million (2021: EUR 26.8 million) directly related to projects. Lease expenses relate to short-term vessel leases and variable lease payments not included in the measurement of vessel lease liabilities. Other costs mainly relate to subcontracted cost at request of the client which can be recharged to the client directly.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-47-3": {
   "value": "1<span class=\"_ _1\"/>0. <span class=\"_ _ce\"> </span><span class=\"ff5 fs6 ls11f ws3b\">T<span class=\"_ _1\"/>HI<span class=\"_ _1\"/>R<span class=\"_ _1\"/>D PAR<span class=\"_ _1\"/>T<span class=\"_ _1\"/>Y COS<span class=\"_ _1\"/>T<span class=\"_ _1\"/>S</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Cost of supplie<span class=\"_ _1\"/>rs<span class=\"_ _119\"> </span>614,719<span class=\"_ _f2\"> </span><span class=\"ff8 fc14\">491,374</span>Le<span class=\"_ _1\"/>ase exp<span class=\"_ _1\"/>ense<span class=\"_ _1\"/>s<span class=\"_ _106\"> </span><span class=\"ls2 ws2\">98,223<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">75,739</span></span>Onerous c<span class=\"_ _6\"/>ontracts<span class=\"_ _1be\"> </span><span class=\"ls2 ws2\">5,739</span>-Ot<span class=\"_ _1\"/>he<span class=\"_ _1\"/>r cost<span class=\"_ _1\"/>s<span class=\"_ _1bf\"> </span><span class=\"ls2 ws2\">8,687<span class=\"_ _21\"> </span><span class=\"ff8 fc14\">18,145</span></span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1c0\"> </span><span class=\"ls43 ws4b\">727<span class=\"_ _3\"/>,368<span class=\"_ _d0\"> </span><span class=\"fc14\">585,258</span></span>Cost of suppliers comp<span class=\"_ _1\"/>rise mainly costs of shor<span class=\"_ _1\"/>t-term third-par<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y equipment hire<span class=\"_ _1\"/>, lease of low-value asset<span class=\"_ _1\"/>s, f<span class=\"_ _1\"/>uel, third-par<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y pe<span class=\"_ _1\"/>rsonnel<span class=\"_ _1\"/>, consumables, and sub-contr<span class=\"_ _1\"/>acte<span class=\"_ _1\"/>d ser<span class=\"_ _1\"/>vices<span class=\"_ _1\"/>. Also includ<span class=\"_ _1\"/>ed are costs of maintenance and o<span class=\"_ _1\"/>per<span class=\"_ _1\"/>ational supplies amounting to E<span class=\"_ _1\"/>UR 3<span class=\"_ _1\"/>0<span class=\"_ _1\"/>.8 million (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 2<span class=\"_ _1\"/>6<span class=\"_ _1\"/>.8 million) direc<span class=\"_ _1\"/>tly re<span class=\"_ _1\"/>lated to proje<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s. Lease e<span class=\"_ _1\"/>xpenses re<span class=\"_ _1\"/>late to shor<span class=\"_ _1\"/>t-<span class=\"_ _7\"/>te<span class=\"_ _1\"/>rm vessel leases an<span class=\"_ _1\"/>d variable l<span class=\"_ _1\"/>ease payment<span class=\"_ _1\"/>s not include<span class=\"_ _1\"/>d in the measureme<span class=\"_ _1\"/>nt of vessel lease liabiliti<span class=\"_ _1\"/>es. O<span class=\"_ _1\"/>ther costs mainl<span class=\"_ _1\"/>y relate to subcontrac<span class=\"_ _1\"/>ted cost at re<span class=\"_ _1\"/>quest of the client which c<span class=\"_ _1\"/>an be rec<span class=\"_ _1\"/>harged to the c<span class=\"_ _1\"/>lient direc<span class=\"_ _1\"/>tly.12<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls37 ws1fa\">PER<span class=\"_ _7\"/>SONN<span class=\"_ _6\"/>EL<span class=\"_ _7\"/> EXPEN<span class=\"_ _7\"/>SES</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1bd\"> </span>Note<span class=\"_ _7c\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2<span class=\"_ _1\"/>022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>Wages and salari<span class=\"_ _1\"/>es<span class=\"_ _8c\"> </span><span class=\"ls2 ws2\">570,543<span class=\"_ _2b\"> </span><span class=\"ff8 fc14\">49<span class=\"_ _1\"/>6,<span class=\"_ _6\"/>405</span></span>Soc<span class=\"_ _1\"/>ial secur<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y contributi<span class=\"_ _1\"/>ons<span class=\"_ _1c5\"> </span>53,183<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">45,319</span>Equity-se<span class=\"_ _6\"/>ttle<span class=\"_ _1\"/>d s<span class=\"_ _6\"/>hare-ba<span class=\"_ _6\"/>sed payments14<span class=\"_ _92\"> </span><span class=\"ff4 fs6 fc2\">6,106<span class=\"_ _5d\"> </span><span class=\"ff8 fc14\">4,939</span></span>E<span class=\"_ _1\"/>xpense r<span class=\"_ _1\"/>elated to def<span class=\"_ _1\"/>ined co<span class=\"_ _1\"/>ntributi<span class=\"_ _1\"/>on plans<span class=\"_ _1c6\"> </span>30,649<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">29,742</span>E<span class=\"_ _1\"/>xpense / (<span class=\"_ _1\"/>gain) relate<span class=\"_ _1\"/>d to def<span class=\"_ _1\"/>ined be<span class=\"_ _1\"/>nefit p<span class=\"_ _1\"/>lans31<span class=\"_ _d1\"> </span><span class=\"ff4 fs6 fc2\">1,120<span class=\"_ _7a\"> </span><span class=\"ff8 fc14\">418</span></span>Increase/(<span class=\"_ _7\"/>decrease)<span class=\"_ _6\"/> in li<span class=\"_ _6\"/>abili<span class=\"_ _6\"/>t<span class=\"_ _1\"/>y for<span class=\"_ _6\"/> long serv<span class=\"_ _1\"/>ic<span class=\"_ _6\"/>e leave31<span class=\"_ _92\"> </span><span class=\"ff4 fs6 fc2\">4,014<span class=\"_ _8e\"> </span><span class=\"ff8 fc14\">1,<span class=\"_ _7\"/>113</span></span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1c7\"> </span><span class=\"ls2 ws2\">665,615<span class=\"_ _f9\"> </span><span class=\"fc14\">5<span class=\"_ _1\"/>77<span class=\"_ _7\"/>,936</span></span>16<span class=\"_ _1\"/>. <span class=\"_ _ce\"> </span><span class=\"ff5 fs6 ls37 ws1fa\">OTH<span class=\"_ _6\"/>ER<span class=\"_ _7\"/> EXPEN<span class=\"_ _6\"/>SE<span class=\"_ _6\"/>S</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _24\"> </span><span class=\"ff7 ls1dc ws1e2\">20<span class=\"_ _1\"/>21</span></span>*Indire<span class=\"_ _1\"/>ct o<span class=\"_ _1\"/>per<span class=\"_ _1\"/>ating exp<span class=\"_ _1\"/>enses<span class=\"_ _1da\"> </span>31,951<span class=\"_ _65\"> </span><span class=\"ff8 fc14\">22,638</span>Occupan<span class=\"_ _1\"/>cy cost<span class=\"_ _1\"/>s<span class=\"_ _1b4\"> </span>18,267<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">13,587</span>Professional ser<span class=\"_ _1\"/>vi<span class=\"_ _1\"/>ces fee<span class=\"_ _1db\"> </span><span class=\"ls2 ws2\">17<span class=\"_ _7\"/>,764<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">14,<span class=\"_ _1\"/>285</span></span>Communic<span class=\"_ _1\"/>ation and of<span class=\"_ _1\"/>f<span class=\"_ _1\"/>ice equipme<span class=\"_ _1\"/>nt<span class=\"_ _1dc\"> </span>48,037<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">40,513</span>Le<span class=\"_ _1\"/>gal, audit &amp; t<span class=\"_ _1\"/>ax adv<span class=\"_ _1\"/>isor<span class=\"_ _1\"/>y fe<span class=\"_ _1\"/>es<span class=\"_ _1dd\"> </span>11,67<span class=\"_ _1\"/>7<span class=\"_ _21\"> </span><span class=\"ff8 fc14\">10,212</span>Gen<span class=\"_ _1\"/>eral maintenance and supplies<span class=\"_ _45\"> </span><span class=\"ls43 ws4b\">6,279<span class=\"_ _5d\"> </span><span class=\"ff8 fc14 ls2 ws2\">8,355 </span></span>Proper<span class=\"_ _1\"/>ty lease expense<span class=\"_ _1de\"> </span><span class=\"ls2 ws2\">5,540<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">6,581</span></span>T<span class=\"_ _6\"/>rainin<span class=\"_ _1\"/>g<span class=\"_ _1df\"> </span><span class=\"ls2 ws2\">5,897<span class=\"_ _87\"> </span><span class=\"ff8 fc14 ls1e1 ws1e7\">3<span class=\"_ _1\"/>,461</span></span>Marketing<span class=\"_ _6\"/> and advertisi<span class=\"_ _6\"/>ng co<span class=\"_ _6\"/>sts<span class=\"_ _1e0\"> </span><span class=\"ls2 ws2\">4,<span class=\"_ _6\"/>153<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">1,854</span></span>Impairme<span class=\"_ _1\"/>nt of receivables<span class=\"_ _1e1\"> </span><span class=\"ls2 ws2\">1,480<span class=\"_ _5d\"> </span><span class=\"ff8 fc14\">2,283</span></span>Restr<span class=\"_ _1\"/>uc<span class=\"_ _1\"/>turing cost<span class=\"_ _1\"/>s<span class=\"_ _1c1\"> </span>2,844<span class=\"_ _6b\"> </span><span class=\"ff8 fc14\">1,97<span class=\"_ _1\"/>7</span>Research costs<span class=\"_ _a8\"> </span><span class=\"ls2 ws2\">3,<span class=\"_ _7\"/>162<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">2,77<span class=\"_ _1\"/>3</span></span>Loss on disp<span class=\"_ _1\"/>osal of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipm<span class=\"_ _1\"/>ent<span class=\"_ _1e2\"> </span>292<span class=\"_ _df\"> </span><span class=\"ff8 fc14 ls43 ws4b\">504</span>Other<span class=\"_ _1e3\"> </span><span class=\"ls2 ws2\">20,359<span class=\"_ _21\"> </span><span class=\"ff8 fc14\">16,012 </span></span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1e4\"> </span><span class=\"ls2 ws2\">17<span class=\"_ _1\"/>7<span class=\"_ _3\"/>,702<span class=\"_ _fa\"> </span><span class=\"fc14\">145,035</span></span>*Comparative n<span class=\"_ _6\"/>umbers have<span class=\"_ _7\"/> b<span class=\"_ _1\"/>een resta<span class=\"_ _6\"/>ted to<span class=\"_ _6\"/> conform<span class=\"_ _6\"/> to curren<span class=\"_ _6\"/>t year<span class=\"_ _6\"/> presentation.19.<span class=\"_ _1\"/> <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls1c0 ws1cd\">PROPERTY,<span class=\"_ _7\"/> PL<span class=\"_ _1\"/>ANT AND EQUIPM<span class=\"_ _1\"/>ENT</span>Dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n is based on the cost of an asset less it<span class=\"_ _1\"/>s residual value<span class=\"_ _1\"/>. Significant compon<span class=\"_ _1\"/>ents of individual asset<span class=\"_ _1\"/>s are assessed and if a comp<span class=\"_ _1\"/>onent has a useful life that is diffe<span class=\"_ _1\"/>rent from th<span class=\"_ _1\"/>e remainder of that asset<span class=\"_ _1\"/>, that compon<span class=\"_ _1\"/>ent is depreciate<span class=\"_ _1\"/>d separ<span class=\"_ _1\"/>ately. Dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n is recognised in prof<span class=\"_ _1\"/>it or loss on a str<span class=\"_ _1\"/>aight-<span class=\"_ _6\"/>line basis over the estimate<span class=\"_ _1\"/>d useful lives of each comp<span class=\"_ _1\"/>onent of an item of pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment<span class=\"_ _1\"/>. Dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n methods<span class=\"_ _1\"/>, useful lives and residual v<span class=\"_ _1\"/>alues are revi<span class=\"_ _1\"/>ewed at ea<span class=\"_ _1\"/>ch repor<span class=\"_ _1\"/>ting date and adjusted if app<span class=\"_ _1\"/>ropriate. T<span class=\"_ _1\"/>he estimated usef<span class=\"_ _1\"/>ul lives for the cur<span class=\"_ _1\"/>rent and comparat<span class=\"_ _1\"/>ive peri<span class=\"_ _1\"/>od of signific<span class=\"_ _1\"/>ant items of proper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipme<span class=\"_ _1\"/>nt are as follows:Category<span class=\"_ _13f\"> </span><span class=\"ff2 fs36 ls208 ws214\">Yea<span class=\"_ _1\"/>r<span class=\"_ _1\"/>s</span>L<span class=\"_ _1\"/>and<span class=\"_ _20c\"> </span><span class=\"ls2 ws2\">Infinite</span>Buildings <span class=\"_ _20d\"> </span>20 \u2013 40Plant and e<span class=\"_ _1\"/>quipment inc<span class=\"_ _1\"/>luding ROVs<span class=\"_ _1\"/>, USVs, a<span class=\"_ _1\"/>erial vehi<span class=\"_ _1\"/>cles, e<span class=\"_ _1\"/>tc.<span class=\"_ _1a8\"> </span>3 \u2013 10Vessels including ja<span class=\"_ _1\"/>ck-up platfor<span class=\"_ _1\"/>ms<span class=\"_ _1bb\"> </span>2 \u2013 25Other<span class=\"_ _71\"> </span><span class=\"ls2 ws2\">1 \u2013 5</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _20e\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022</span>Fix<span class=\"_ _1\"/>ed ass<span class=\"_ _1\"/>ets L<span class=\"_ _1\"/>and an<span class=\"_ _1\"/>d Pla<span class=\"_ _1\"/>nt an<span class=\"_ _1\"/>d und<span class=\"_ _1\"/>er buildingsequipment<span class=\"_ _c0\"> </span><span class=\"ls19e ws19e\">Vessels</span>construc<span class=\"_ _1\"/>tion<span class=\"_ _1c9\"> </span>Othe<span class=\"_ _1\"/>r<span class=\"_ _60\"> </span><span class=\"ls1b5 ws1b9\">Total</span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y Cost<span class=\"_ _20f\"> </span><span class=\"ls2 ws2\">184,982<span class=\"_ _d0\"> </span>908,634<span class=\"_ _fa\"> </span>760,750<span class=\"_ _6e\"> </span>48,7<span class=\"_ _1\"/>16<span class=\"_ _c0\"> </span>141,568<span class=\"_ _17a\"> </span>2,0<span class=\"_ _1\"/>44,650</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _210\"> </span>(92,397)<span class=\"_ _f3\"> </span>(820,338)<span class=\"_ _f3\"> </span>(465,406)-(131,349)<span class=\"_ _12e\"> </span>(1,50<span class=\"_ _1\"/>9,490)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _211\"> </span><span class=\"ls2 ws2\">92,585<span class=\"_ _6f\"> </span>88,296<span class=\"_ _d0\"> </span>295,34<span class=\"_ _1\"/>4<span class=\"_ _a1\"> </span>4<span class=\"_ _1\"/>8,716<span class=\"_ _24\"> </span>10,219<span class=\"_ _fa\"> </span><span class=\"ls43 ws4b\">535,<span class=\"_ _7\"/>160</span></span>Change in c<span class=\"_ _6\"/>arr<span class=\"_ _1\"/>ying amount:Investmen<span class=\"_ _7\"/>t<span class=\"_ _1\"/>s<span class=\"_ _212\"> </span><span class=\"ls2 ws2\">1,579<span class=\"_ _24\"> </span>21,378<span class=\"_ _6e\"> </span>18,859<span class=\"_ _22\"> </span>76,918<span class=\"_ _5d\"> </span>4,365<span class=\"_ _fa\"> </span>123,0<span class=\"_ _1\"/>99</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ans<span class=\"_ _6\"/>fers from fixed asse<span class=\"_ _6\"/>ts under con<span class=\"_ _7\"/>str<span class=\"_ _1\"/>uction<span class=\"_ _213\"> </span><span class=\"ls2 ws2\">8,<span class=\"_ _6\"/>167<span class=\"_ _65\"> </span><span class=\"ls1e1 ws1e7\">30,4<span class=\"_ _1\"/>0<span class=\"_ _1\"/>5<span class=\"_ _1c9\"> </span></span>32,<span class=\"_ _6\"/>110<span class=\"_ _b4\"> </span>(<span class=\"_ _1\"/>71,25<span class=\"_ _1\"/>3)<span class=\"_ _e0\"> </span><span class=\"ls39 ws216\">571</span></span>-Depreciation<span class=\"_ _214\"> </span><span class=\"ls2 ws2\">(4,925)<span class=\"_ _17c\"> </span>(40,9<span class=\"_ _1\"/>07)<span class=\"_ _9f\"> </span>(39,46<span class=\"_ _1\"/>8)</span>-(5,311)<span class=\"_ _38\"> </span>(90,611)Impairment<span class=\"_ _6\"/> (loss<span class=\"_ _6\"/>) / reversal<span class=\"_ _215\"> </span><span class=\"ls2 ws2\">(198)</span>-(1,<span class=\"_ _6\"/>168)-<span class=\"_ _e3\"> </span>-(1,366)Disp<span class=\"_ _1\"/>osals <span class=\"_ _216\"> </span><span class=\"ls2 ws2\">(21,342)<span class=\"_ _70\"> </span>(320)<span class=\"_ _24\"> </span>(1,<span class=\"_ _6\"/>169)<span class=\"_ _87\"> </span>(326)<span class=\"_ _8e\"> </span>(30)<span class=\"_ _fa\"> </span>(2<span class=\"_ _1\"/>3,<span class=\"_ _7\"/>187<span class=\"_ _1\"/>)</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of move<span class=\"_ _1\"/>ment in for<span class=\"_ _1\"/>eign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _217\"> </span>2,865<span class=\"_ _e0\"> </span>808<span class=\"_ _61\"> </span>11,748<span class=\"_ _a3\"> </span><span class=\"ls87 ws3b\">89<span class=\"_ _f5\"> </span></span>124<span class=\"_ _22\"> </span>15,634T<span class=\"_ _6\"/>ransfe<span class=\"_ _1\"/>rs fro<span class=\"_ _1\"/>m / (<span class=\"_ _6\"/>to<span class=\"_ _6\"/>) assets c<span class=\"_ _1\"/>lassified as h<span class=\"_ _1\"/>eld for s<span class=\"_ _1\"/>ale<span class=\"_ _218\"> </span>(1,<span class=\"_ _6\"/>147)<span class=\"_ _d1\"> </span><span class=\"ls87 ws3b\">82<span class=\"_ _1\"/>3<span class=\"_ _87\"> </span></span>1,690-<span class=\"_ _e3\"> </span>-1,366T<span class=\"_ _6\"/>otal changes<span class=\"_ _219\"> </span><span class=\"ls2 ws2\">(15,001)<span class=\"_ _a1\"> </span>12,<span class=\"_ _7\"/>187<span class=\"_ _9b\"> </span>22,602<span class=\"_ _5d\"> </span>5,428<span class=\"_ _ae\"> </span>(281)<span class=\"_ _17b\"> </span>24,935</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er Cost<span class=\"_ _21a\"> </span><span class=\"ls2 ws2\">167<span class=\"_ _7\"/>,<span class=\"_ _6\"/>180<span class=\"_ _f9\"> </span>85<span class=\"_ _1\"/>8,575<span class=\"_ _39\"> </span>834,642<span class=\"_ _6e\"> </span>54,144<span class=\"_ _6f\"> </span>131,023<span class=\"_ _47\"> </span>2,0<span class=\"_ _1\"/>45,564</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _21b\"> </span>(89,596)<span class=\"_ _13\"> </span>(<span class=\"_ _1\"/>758,092)<span class=\"_ _13d\"> </span>(51<span class=\"_ _1\"/>6,696)-(121,085)<span class=\"_ _33\"> </span>(1,485,469)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _21c\"> </span>7<span class=\"_ _0\"/>7,<span class=\"_ _0\"/>5<span class=\"_ _0\"/>8<span class=\"_ _0\"/>4<span class=\"_ _f9\"> </span><span class=\"ls2 ws2\">10<span class=\"_ _1\"/>0,483<span class=\"_ _38\"> </span>317<span class=\"_ _7\"/>,946<span class=\"_ _84\"> </span>5<span class=\"_ _1\"/>4,<span class=\"_ _7\"/>14<span class=\"_ _1\"/>4<span class=\"_ _1c9\"> </span>9,938<span class=\"_ _3a\"> </span><span class=\"ls43 ws4b\">560,095</span></span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _21d\"> </span><span class=\"ff7 fs3 ls1dc ws1e2\">2021</span>Fix<span class=\"_ _1\"/>ed ass<span class=\"_ _1\"/>ets L<span class=\"_ _1\"/>and an<span class=\"_ _1\"/>d Pla<span class=\"_ _1\"/>nt an<span class=\"_ _1\"/>d und<span class=\"_ _1\"/>er buildingsequipment<span class=\"_ _c0\"> </span><span class=\"ls19e ws19e\">Vessels</span>construc<span class=\"_ _1\"/>tion<span class=\"_ _1c9\"> </span>Othe<span class=\"_ _1\"/>r<span class=\"_ _60\"> </span><span class=\"ls1b5 ws1b9\">Total</span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y Cost<span class=\"_ _140\"> </span><span class=\"ff8 fc14 ls2 ws2\">180,6<span class=\"_ _6\"/>13<span class=\"_ _d0\"> </span>896,854<span class=\"_ _c0\"> </span>76<span class=\"_ _6\"/>1,749<span class=\"_ _b4\"> </span>22,588<span class=\"_ _fa\"> </span>133,<span class=\"_ _6\"/>44<span class=\"_ _1\"/>8<span class=\"_ _12\"> </span>1,99<span class=\"_ _1\"/>5,252</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _21b\"> </span><span class=\"ff8 fc14\">(86,87<span class=\"_ _6\"/>4)<span class=\"_ _e5\"> </span>(807<span class=\"_ _3\"/>,391)<span class=\"_ _120\"> </span>(452,613)</span>-(125,331)<span class=\"_ _33\"> </span>(1,472,209)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _211\"> </span><span class=\"fc14 ls2 ws2\">93,7<span class=\"_ _1\"/>39<span class=\"_ _6f\"> </span><span class=\"ls87 ws3b\">89,4<span class=\"_ _1\"/>63<span class=\"_ _f9\"> </span></span>3<span class=\"_ _1\"/>09,<span class=\"_ _6\"/>136<span class=\"_ _b4\"> </span>22,5<span class=\"_ _1\"/>88<span class=\"_ _8d\"> </span>8,<span class=\"_ _7\"/>117<span class=\"_ _d0\"> </span>52<span class=\"_ _1\"/>3,043</span>Change in c<span class=\"_ _6\"/>arr<span class=\"_ _1\"/>ying amount:Investmen<span class=\"_ _7\"/>t<span class=\"_ _1\"/>s<span class=\"_ _21e\"> </span>376<span class=\"_ _22\"> </span><span class=\"ls2 ws2\">25,631<span class=\"_ _6b\"> </span><span class=\"ls1fd ws20a\">7,<span class=\"_ _1\"/>8<span class=\"_ _0\"/>1<span class=\"_ _1\"/>6<span class=\"_ _21f\"> </span></span>40,420<span class=\"_ _61\"> </span><span class=\"ls1e1 ws1e7\">5<span class=\"_ _1\"/>,4<span class=\"_ _1\"/>40<span class=\"_ _65\"> </span></span>7<span class=\"_ _1\"/>9,683</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ans<span class=\"_ _6\"/>fers from fixed asse<span class=\"_ _6\"/>ts under con<span class=\"_ _7\"/>str<span class=\"_ _1\"/>uction<span class=\"_ _ba\"> </span><span class=\"ff8 fc14 ls2 ws2\">1,631<span class=\"_ _21\"> </span>11,664<span class=\"_ _89\"> </span>1,678<span class=\"_ _5f\"> </span>(16,011)<span class=\"_ _21\"> </span>1,038</span>-Depreciation<span class=\"_ _220\"> </span><span class=\"ff8 fc14 ls2 ws2\">(4,890)<span class=\"_ _e3\"> </span>(39,089)<span class=\"_ _39\"> </span>(36,313)</span>-(4,772)<span class=\"_ _e3\"> </span>(85,0<span class=\"_ _1\"/>64)Impairment<span class=\"_ _6\"/> (loss<span class=\"_ _6\"/>) / rev<span class=\"_ _6\"/>ersal<span class=\"_ _215\"> </span><span class=\"ff8 fc14 ls2 ws2\">(185)<span class=\"_ _22\"> </span>(1,<span class=\"_ _6\"/>185)<span class=\"_ _84\"> </span>3,34<span class=\"_ _1\"/>4</span>-<span class=\"_ _e3\"> </span>-1,974Disp<span class=\"_ _1\"/>osals<span class=\"_ _221\"> </span><span class=\"ff8 fc14 ls2 ws2\">(2,046)<span class=\"_ _87\"> </span>(526)<span class=\"_ _6f\"> </span>(1,80<span class=\"_ _1\"/>4)<span class=\"_ _89\"> </span>(16<span class=\"_ _1\"/>6)<span class=\"_ _8e\"> </span>(<span class=\"_ _1\"/>78)<span class=\"_ _37\"> </span>(4,620)</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of move<span class=\"_ _1\"/>ment in for<span class=\"_ _1\"/>eign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _222\"> </span><span class=\"ff8 fc14\">3,960<span class=\"_ _89\"> </span>3,413<span class=\"_ _84\"> </span>12,904<span class=\"_ _87\"> </span>1,885<span class=\"_ _b2\"> </span>478<span class=\"_ _9b\"> </span>22,640</span>T<span class=\"_ _6\"/>ransfe<span class=\"_ _1\"/>rs fro<span class=\"_ _1\"/>m / (<span class=\"_ _6\"/>to<span class=\"_ _6\"/>) assets c<span class=\"_ _1\"/>lassified as h<span class=\"_ _1\"/>eld for s<span class=\"_ _1\"/>ale-(1,075)<span class=\"_ _22\"> </span>(1,417)-(4)<span class=\"_ _c0\"> </span><span class=\"ls2 ws2\">(2,496)</span>T<span class=\"_ _6\"/>otal changes<span class=\"_ _223\"> </span><span class=\"fc14 ls2 ws2\">(1,<span class=\"_ _6\"/>154)<span class=\"_ _6e\"> </span>(1,167)<span class=\"_ _39\"> </span>(13,792)<span class=\"_ _37\"> </span>26,128<span class=\"_ _87\"> </span>2,102<span class=\"_ _7c\"> </span>12,117</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er Cost<span class=\"_ _224\"> </span><span class=\"ff8 fc14 ls2 ws2\">184,982<span class=\"_ _3a\"> </span>908,63<span class=\"_ _1\"/>4<span class=\"_ _f9\"> </span>760,750<span class=\"_ _5f\"> </span>48,7<span class=\"_ _1\"/>16<span class=\"_ _37\"> </span>141,56<span class=\"_ _1\"/>8<span class=\"_ _175\"> </span>2,04<span class=\"_ _1\"/>4,650</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _225\"> </span><span class=\"ff8 fc14\">(92,397)<span class=\"_ _e4\"> </span>(820,338)<span class=\"_ _e4\"> </span>(465,406)</span>-(131,349)<span class=\"_ _122\"> </span>(1,509,490)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _211\"> </span><span class=\"fc14 ls2 ws2\">92,585<span class=\"_ _6f\"> </span>88,296<span class=\"_ _d0\"> </span>295,34<span class=\"_ _1\"/>4<span class=\"_ _a1\"> </span>4<span class=\"_ _1\"/>8,716<span class=\"_ _24\"> </span>10,219<span class=\"_ _fa\"> </span><span class=\"ls43 ws4b\">535,<span class=\"_ _7\"/>160</span></span>20<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws1f9\">LEASES</span>The r<span class=\"_ _1\"/>ight<span class=\"_ _7\"/>-<span class=\"_ _1\"/>of<span class=\"_ _6\"/>-use asset is sub<span class=\"_ _6\"/>seque<span class=\"_ _1\"/>ntly depre<span class=\"_ _1\"/>ciated using the st<span class=\"_ _1\"/>raight-l<span class=\"_ _6\"/>ine meth<span class=\"_ _1\"/>od from the comme<span class=\"_ _1\"/>ncement date to the ear<span class=\"_ _1\"/>lier of the end of t<span class=\"_ _1\"/>he useful life of the r<span class=\"_ _1\"/>ight<span class=\"_ _7\"/>-<span class=\"_ _1\"/>of<span class=\"_ _6\"/>-use asset or the en<span class=\"_ _1\"/>d of the lease ter<span class=\"_ _1\"/>m. The es<span class=\"_ _1\"/>timated useful lives of ri<span class=\"_ _1\"/>ght<span class=\"_ _7\"/>-of-use assets are determ<span class=\"_ _1\"/>ined on th<span class=\"_ _1\"/>e same basis as those of prope<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>y, plant and equipm<span class=\"_ _1\"/>ent. In ad<span class=\"_ _1\"/>dition, the r<span class=\"_ _1\"/>ight<span class=\"_ _7\"/>-<span class=\"_ _1\"/>of<span class=\"_ _7\"/>-use asset is pe<span class=\"_ _1\"/>riodic<span class=\"_ _1\"/>ally reduce<span class=\"_ _1\"/>d by impairment losses<span class=\"_ _1\"/>, if any<span class=\"_ _6\"/>, and adjusted for certain remeas<span class=\"_ _7\"/>urements of the lease<span class=\"_ _6\"/> liabi<span class=\"_ _6\"/>lity.Right-of-use a<span class=\"_ _6\"/>ssets(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _226\"> </span>Vessels<span class=\"_ _e3\"> </span><span class=\"ls1b5 ws1b9\">Prop<span class=\"_ _1\"/>ert<span class=\"_ _1\"/>y<span class=\"_ _34\"> </span><span class=\"ls198 ws199\">Equipment<span class=\"_ _60\"> </span></span>Total</span>Balan<span class=\"_ _1\"/>ce at 1 Januar<span class=\"_ _1\"/>y 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2<span class=\"_ _94\"> </span>71,026<span class=\"_ _5f\"> </span>67<span class=\"_ _7\"/>,254<span class=\"_ _8d\"> </span><span class=\"ls2 ws2\">5,141<span class=\"_ _6f\"> </span>143,421</span>Balan<span class=\"_ _1\"/>ce at 31 Dece<span class=\"_ _1\"/>mber 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _b0\"> </span>94,906<span class=\"_ _5f\"> </span>94,681<span class=\"_ _d1\"> </span>7<span class=\"_ _7\"/>,317<span class=\"_ _17b\"> </span>196,904Balan<span class=\"_ _1\"/>ce at 1 Januar<span class=\"_ _1\"/>y 20<span class=\"_ _1\"/>21<span class=\"_ _94\"> </span><span class=\"ff8 fc14\">62,637<span class=\"_ _a1\"> </span>68,9<span class=\"_ _1\"/>01<span class=\"_ _5d\"> </span><span class=\"ls1e1 ws1e7\">3,4<span class=\"_ _1\"/>69<span class=\"_ _b3\"> </span></span>135,007</span>Balan<span class=\"_ _1\"/>ce at 31 Dece<span class=\"_ _1\"/>mber 2<span class=\"_ _1\"/>021<span class=\"_ _1b5\"> </span>71,026<span class=\"_ _84\"> </span>67<span class=\"_ _7\"/>,254<span class=\"_ _8d\"> </span><span class=\"ls2 ws2\">5,<span class=\"_ _7\"/>141<span class=\"_ _6f\"> </span>143,421</span>Depreciati<span class=\"_ _1\"/>on <span class=\"ls2 ws2\"> </span>Additions <span class=\"ls2 ws2\"> </span>Depreciati<span class=\"_ _1\"/>on <span class=\"ls2 ws2\"> </span>Additions <span class=\"ls2 ws2\"> </span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)2022202220212021Ves<span class=\"_ _1\"/>se<span class=\"_ _1\"/>ls<span class=\"_ _227\"> </span>14,860<span class=\"_ _5f\"> </span>15,9<span class=\"_ _1\"/>60<span class=\"_ _21\"> </span><span class=\"ff8 fc14\">12,416<span class=\"_ _87\"> </span><span class=\"ls43 ws4b\">7<span class=\"_ _7\"/>,354</span></span>Proper<span class=\"_ _1\"/>ty<span class=\"_ _228\"> </span>13,755<span class=\"_ _5f\"> </span>39,9<span class=\"_ _1\"/>91<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">12,29<span class=\"_ _1\"/>9<span class=\"_ _21f\"> </span>10,898</span>Equip<span class=\"_ _1\"/>ment<span class=\"_ _2a\"> </span>3,059<span class=\"_ _70\"> </span>4,743<span class=\"_ _5d\"> </span><span class=\"ff8 fc14\">2,32<span class=\"_ _1\"/>5<span class=\"_ _73\"> </span>3,072</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _229\"> </span>31,674<span class=\"_ _c0\"> </span>60,694<span class=\"_ _21f\"> </span><span class=\"fc14 ls43 ws4b\">27<span class=\"_ _7\"/>,040<span class=\"_ _84\"> </span><span class=\"ls2 ws2\">21,324</span></span>Amo<span class=\"_ _1\"/>unts r<span class=\"_ _1\"/>ecogn<span class=\"_ _1\"/>ised in p<span class=\"_ _1\"/>rof<span class=\"_ _1\"/>it and l<span class=\"_ _1\"/>oss(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Interest<span class=\"_ _6\"/> on lease<span class=\"_ _6\"/> liabi<span class=\"_ _6\"/>lities<span class=\"_ _bd\"> </span><span class=\"ls2 ws2\">6,391<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">5,581</span></span>Variabl<span class=\"_ _1\"/>e lease paym<span class=\"_ _1\"/>ents not in<span class=\"_ _1\"/>clude<span class=\"_ _1\"/>d in the measurem<span class=\"_ _1\"/>ent of lease liabilit<span class=\"_ _1\"/>ies<span class=\"_ _22a\"> </span><span class=\"ls2 ws2\">11,792<span class=\"_ _89\"> </span><span class=\"ff8 fc14\">6,212</span></span>Lo<span class=\"_ _1\"/>w-valu<span class=\"_ _1\"/>e asset e<span class=\"_ _1\"/>xpe<span class=\"_ _1\"/>nse<span class=\"_ _bd\"> </span><span class=\"ls2 ws2\">12,393<span class=\"_ _24\"> </span><span class=\"ff8 fc14\">10,128</span></span>E<span class=\"_ _1\"/>xpenses r<span class=\"_ _1\"/>elating to sho<span class=\"_ _1\"/>rt-term le<span class=\"_ _1\"/>ases<span class=\"_ _22b\"> </span>130,283<span class=\"_ _65\"> </span><span class=\"ff8 fc14\">99,635</span>Amo<span class=\"_ _1\"/>unts r<span class=\"_ _1\"/>ecogn<span class=\"_ _1\"/>ised in t<span class=\"_ _1\"/>he stat<span class=\"_ _1\"/>emen<span class=\"_ _1\"/>t of cash f<span class=\"_ _1\"/>lows(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Total cash o<span class=\"_ _1\"/>utf<span class=\"_ _1\"/>lo<span class=\"_ _1\"/>w for le<span class=\"_ _1\"/>ases<span class=\"_ _12b\"> </span>42,335<span class=\"_ _24\"> </span><span class=\"fc14\">31,<span class=\"_ _6\"/>180</span>21<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls11c ws3e\">INT<span class=\"_ _7\"/>ANGIBLE<span class=\"_ _7\"/> ASSETS<span class=\"_ _6\"/> INCL<span class=\"_ _6\"/>UDING<span class=\"_ _7\"/> GOOD<span class=\"_ _6\"/>WILL</span>Fugro incur<span class=\"_ _1\"/>s explor<span class=\"_ _1\"/>ation and e<span class=\"_ _1\"/>valuation (<span class=\"_ _1\"/>E&amp;E<span class=\"_ _1\"/>) cost<span class=\"_ _1\"/>s in Australian are<span class=\"_ _1\"/>as of in<span class=\"_ _6\"/>terest in cooperation with Finder<span class=\"_ _6\"/> Explor<span class=\"_ _1\"/>ation Pt<span class=\"_ _1\"/>y Ltd (Fi<span class=\"_ _6\"/>nder),<span class=\"_ _6\"/> Theia Energy Pt<span class=\"_ _1\"/>y Ltd (<span class=\"_ _1\"/>Theia)<span class=\"_ _6\"/> and Finder re<span class=\"_ _1\"/>lated par<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>. These asset<span class=\"_ _1\"/>s are considered n<span class=\"_ _1\"/>on-core business. E&amp;<span class=\"_ _1\"/>E assets are classified as intan<span class=\"_ _1\"/>gible assets<span class=\"_ _1\"/>, as they t<span class=\"_ _1\"/>ypic<span class=\"_ _1\"/>ally relate to drilling per<span class=\"_ _1\"/>mits<span class=\"_ _1\"/>. E&amp;E exp<span class=\"_ _1\"/>enditure results in cer<span class=\"_ _1\"/>tain ite<span class=\"_ _1\"/>ms of expendit<span class=\"_ _1\"/>ure being cap<span class=\"_ _1\"/>italised for an ar<span class=\"_ _1\"/>ea of interest whe<span class=\"_ _1\"/>re it is considered likely to b<span class=\"_ _1\"/>e recover<span class=\"_ _1\"/>able. This p<span class=\"_ _1\"/>olic<span class=\"_ _1\"/>y requires manage<span class=\"_ _1\"/>ment to make cer<span class=\"_ _1\"/>tain estimates and assumptions as to futur<span class=\"_ _1\"/>e events and circumst<span class=\"_ _1\"/>ances, in particular whether an<span class=\"_ _6\"/> economically<span class=\"_ _6\"/> viable extrac<span class=\"_ _1\"/>tion operation can be establ<span class=\"_ _7\"/>ished by the par<span class=\"_ _1\"/>ti<span class=\"_ _1\"/>es involved. T<span class=\"_ _1\"/>hese estimates and assumptions inclu<span class=\"_ _1\"/>de the rele<span class=\"_ _1\"/>vant regulator<span class=\"_ _1\"/>y environm<span class=\"_ _1\"/>ent may change as new infor<span class=\"_ _1\"/>mation be<span class=\"_ _1\"/>comes available<span class=\"_ _1\"/>. A regular revi<span class=\"_ _1\"/>ew of each area of inter<span class=\"_ _1\"/>est is under<span class=\"_ _1\"/>taken to dete<span class=\"_ _1\"/>rmine the app<span class=\"_ _1\"/>ropriaten<span class=\"_ _1\"/>ess of continuing to carr<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ward costs in re<span class=\"_ _1\"/>lation to that area<span class=\"_ _1\"/>. Capit<span class=\"_ _1\"/>alised costs are onl<span class=\"_ _1\"/>y carrie<span class=\"_ _1\"/>d for<span class=\"_ _1\"/>ward to the ex<span class=\"_ _1\"/>tent that th<span class=\"_ _1\"/>ey are exp<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d to be re<span class=\"_ _1\"/>covered. A<span class=\"_ _1\"/>cc<span class=\"_ _6\"/>ordingly, E&amp;<span class=\"_ _1\"/>E assets are not amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d, but assessed fo<span class=\"_ _1\"/>r impairment indicat<span class=\"_ _1\"/>ions. If, af<span class=\"_ _1\"/>ter having capit<span class=\"_ _1\"/>alised the exp<span class=\"_ _1\"/>enditure under t<span class=\"_ _1\"/>he polic<span class=\"_ _1\"/>y, a judgem<span class=\"_ _1\"/>ent is made that recover<span class=\"_ _1\"/>y of th<span class=\"_ _1\"/>e expen<span class=\"_ _1\"/>diture is unlikely, the relev<span class=\"_ _1\"/>ant capitalise<span class=\"_ _1\"/>d amount will be wr<span class=\"_ _1\"/>itten of<span class=\"_ _1\"/>f to the st<span class=\"_ _1\"/>atement of comprehen<span class=\"_ _6\"/>sive<span class=\"_ _6\"/> income.Research<span class=\"_ _6\"/> expenditure on r<span class=\"_ _6\"/>esearch activities, undertaken with the pro<span class=\"_ _6\"/>spect of gaini<span class=\"_ _6\"/>ng new sci<span class=\"_ _1\"/>entific or te<span class=\"_ _1\"/>chnical kn<span class=\"_ _1\"/>owled<span class=\"_ _1\"/>ge and under<span class=\"_ _1\"/>standing<span class=\"_ _1\"/>, is recognised in pr<span class=\"_ _1\"/>ofit or loss as incurre<span class=\"_ _1\"/>d. Devel<span class=\"_ _1\"/>opment ac<span class=\"_ _1\"/>tivit<span class=\"_ _1\"/>ies involve a plan or design f<span class=\"_ _1\"/>or the pro<span class=\"_ _1\"/>duct<span class=\"_ _1\"/>ion of new or substantially improve<span class=\"_ _1\"/>d produc<span class=\"_ _1\"/>ts an<span class=\"_ _1\"/>d processes. D<span class=\"_ _1\"/>evelop<span class=\"_ _1\"/>ment exp<span class=\"_ _1\"/>enditure is capit<span class=\"_ _1\"/>alised only if deve<span class=\"_ _1\"/>lopment cost<span class=\"_ _1\"/>s can be measured r<span class=\"_ _1\"/>eliably, the pro<span class=\"_ _1\"/>duct or p<span class=\"_ _1\"/>rocess is technically and c<span class=\"_ _6\"/>ommercial<span class=\"_ _6\"/>ly feas<span class=\"_ _6\"/>ible, future<span class=\"_ _6\"/> economic benefits are probable, a<span class=\"_ _6\"/>nd the Group intends to and has suff<span class=\"_ _1\"/>icient resources to comple<span class=\"_ _1\"/>te developm<span class=\"_ _1\"/>ent and to use or sell the asset. T<span class=\"_ _1\"/>he capitalise<span class=\"_ _1\"/>d expen<span class=\"_ _1\"/>diture includes th<span class=\"_ _1\"/>e cost of materials, direc<span class=\"_ _1\"/>t labour, overhe<span class=\"_ _1\"/>ad costs that are dire<span class=\"_ _1\"/>ctl<span class=\"_ _1\"/>y attr<span class=\"_ _1\"/>ibutable to p<span class=\"_ _1\"/>reparing th<span class=\"_ _1\"/>e asset for its intend<span class=\"_ _1\"/>ed use, and capitali<span class=\"_ _6\"/>sed borrowing co<span class=\"_ _6\"/>sts. Oth<span class=\"_ _1\"/>er dev<span class=\"_ _6\"/>elopment expenditu<span class=\"_ _6\"/>re is r<span class=\"_ _6\"/>ecognised i<span class=\"_ _6\"/>n profit or<span class=\"_ _6\"/> loss as incurre<span class=\"_ _1\"/>d. Capit<span class=\"_ _1\"/>alised develo<span class=\"_ _1\"/>pment exp<span class=\"_ _1\"/>enditure is measured at cost less accumulated amor<span class=\"_ _1\"/>tisati<span class=\"_ _1\"/>on and accumulated impairm<span class=\"_ _1\"/>ent losses.Amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation is based on t<span class=\"_ _1\"/>he cost of an asset less its residual v<span class=\"_ _1\"/>alue. Am<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tisation is recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss on a straig<span class=\"_ _1\"/>ht<span class=\"_ _7\"/>-line basis over the es<span class=\"_ _1\"/>timated useful lives of intangible asset<span class=\"_ _1\"/>s unless such lives are indef<span class=\"_ _1\"/>inite. Go<span class=\"_ _1\"/>odwill and intan<span class=\"_ _1\"/>gible assets wit<span class=\"_ _1\"/>h an indef<span class=\"_ _1\"/>inite life are annually tested fo<span class=\"_ _1\"/>r impairment or wh<span class=\"_ _1\"/>en there is an indic<span class=\"_ _1\"/>ation for impairme<span class=\"_ _1\"/>nt. Ot<span class=\"_ _1\"/>her intangible asset<span class=\"_ _1\"/>s and sof<span class=\"_ _1\"/>tw<span class=\"_ _1\"/>are are amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d from th<span class=\"_ _1\"/>e date they are available fo<span class=\"_ _1\"/>r their intende<span class=\"_ _1\"/>d use. The es<span class=\"_ _1\"/>timated useful life of sof<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ware and ot<span class=\"_ _1\"/>her capit<span class=\"_ _1\"/>alised develop<span class=\"_ _1\"/>ment costs is, in g<span class=\"_ _1\"/>eneral<span class=\"_ _1\"/>, five ye<span class=\"_ _1\"/>ars. A<span class=\"_ _1\"/>mor<span class=\"_ _1\"/>tisation m<span class=\"_ _1\"/>ethods<span class=\"_ _1\"/>, useful lives and residual v<span class=\"_ _1\"/>alues are revi<span class=\"_ _1\"/>ewed at eac<span class=\"_ _1\"/>h repor<span class=\"_ _1\"/>ting date an<span class=\"_ _1\"/>d adjusted if appropriate.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _22c\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _22d\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>E&amp;<span class=\"_ _1\"/>E (<span class=\"_ _1\"/>Fin<span class=\"_ _1\"/>de<span class=\"_ _1\"/>r/E&amp;<span class=\"_ _1\"/>E (<span class=\"_ _1\"/>Fin<span class=\"_ _1\"/>de<span class=\"_ _1\"/>r/Good<span class=\"_ _1\"/>will Th<span class=\"_ _1\"/>ei<span class=\"_ _1\"/>a) <span class=\"_ _36\"> </span><span class=\"ls2 ws2\">S<span class=\"_ _1\"/>of<span class=\"_ _1\"/>t<span class=\"_ _1\"/>war<span class=\"_ _1\"/>e <span class=\"_ _22\"> </span>Oth<span class=\"_ _1\"/>er <span class=\"_ _87\"> </span><span class=\"ls1b5 ws1b9\">Total<span class=\"_ _111\"> </span><span class=\"ls19e ws19e\">Go<span class=\"_ _1\"/>odwill </span></span></span>Th<span class=\"_ _1\"/>ei<span class=\"_ _1\"/>a) <span class=\"_ _36\"> </span><span class=\"ls2 ws2\">S<span class=\"_ _1\"/>of<span class=\"_ _1\"/>t<span class=\"_ _1\"/>war<span class=\"_ _1\"/>e <span class=\"_ _22\"> </span>Oth<span class=\"_ _1\"/>er <span class=\"_ _87\"> </span><span class=\"ls1b5 ws1b9\">Total</span></span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y Cost<span class=\"_ _22e\"> </span>587<span class=\"_ _7\"/>,<span class=\"_ _6\"/>188<span class=\"_ _65\"> </span>38,459<span class=\"_ _21\"> </span>17<span class=\"_ _7\"/>,0<span class=\"_ _1\"/>07<span class=\"_ _65\"> </span>25,964<span class=\"_ _17b\"> </span>668,618<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">560,467<span class=\"_ _6e\"> </span>3<span class=\"_ _1\"/>5,621<span class=\"_ _6e\"> </span>22,514<span class=\"_ _22\"> </span>31,874<span class=\"_ _39\"> </span>65<span class=\"_ _1\"/>0,47<span class=\"_ _6\"/>6</span>Accumulated amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation and impairm<span class=\"_ _1\"/>ent<span class=\"_ _4b\"> </span>(317<span class=\"_ _7\"/>,672)<span class=\"_ _d0\"> </span>(20,766)<span class=\"_ _2b\"> </span>(1<span class=\"_ _1\"/>6,909)<span class=\"_ _d0\"> </span>(2<span class=\"_ _1\"/>3,432)<span class=\"_ _10b\"> </span>(378,7<span class=\"_ _1\"/>79)<span class=\"_ _36\"> </span><span class=\"ff8 fc14\">(302,818)<span class=\"_ _86\"> </span>(18,467)<span class=\"_ _d0\"> </span>(22,237<span class=\"_ _1\"/>)<span class=\"_ _9f\"> </span>(29,663)<span class=\"_ _e5\"> </span>(373,185)</span>Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _128\"> </span>26<span class=\"_ _6\"/>9,516<span class=\"_ _24\"> </span>17<span class=\"_ _7\"/>,693<span class=\"_ _22f\"> </span>98<span class=\"_ _5d\"> </span>2,532<span class=\"_ _d0\"> </span>289,839<span class=\"_ _86\"> </span><span class=\"fc14\">25<span class=\"_ _1\"/>7<span class=\"_ _7\"/>,649<span class=\"_ _61\"> </span>17<span class=\"_ _7\"/>,154<span class=\"_ _b1\"> </span><span class=\"ls43 ws4b\">277<span class=\"_ _60\"> </span></span>2,<span class=\"_ _1\"/>211<span class=\"_ _f2\"> </span><span class=\"ls43 ws4b\">27<span class=\"_ _1\"/>7<span class=\"_ _3\"/>,291</span></span>Change in c<span class=\"_ _6\"/>arr<span class=\"_ _1\"/>ying amount:Purc<span class=\"_ _1\"/>hase of intangib<span class=\"_ _1\"/>le asset<span class=\"_ _1\"/>s-<span class=\"_ _e3\"> </span>-927<span class=\"_ _b2\"> </span><span class=\"ls1f1 ws1f5\">305<span class=\"_ _89\"> </span></span>1,2<span class=\"_ _1\"/>32-<span class=\"_ _e3\"> </span>-22<span class=\"_ _df\"> </span><span class=\"ls87 ws3b\">69<span class=\"_ _1\"/>6<span class=\"_ _e\"> </span></span>7<span class=\"_ _1\"/>18Other additions-1,245-<span class=\"_ _e3\"> </span>-1,245-1,648-<span class=\"_ _e3\"> </span>-1,648Amor<span class=\"_ _1\"/>tisation-<span class=\"_ _e3\"> </span>-(123)<span class=\"_ _60\"> </span>(412)<span class=\"_ _87\"> </span>(535)-<span class=\"_ _e3\"> </span>-(90)<span class=\"_ _70\"> </span><span class=\"ls87 ws3b\">(4<span class=\"_ _1\"/>67<span class=\"_ _1\"/>)<span class=\"_ _87\"> </span></span>(55<span class=\"_ _1\"/>7)Impairme<span class=\"_ _1\"/>nt-(1,252)-<span class=\"_ _e3\"> </span>-(1,252)-(1,662)-<span class=\"_ _e3\"> </span>-(1,662)Disp<span class=\"_ _1\"/>osals-(70<span class=\"_ _1\"/>0)-(2)<span class=\"_ _87\"> </span>(<span class=\"_ _1\"/>702)-<span class=\"_ _e3\"> </span>-(120)<span class=\"_ _1b\"> </span>(9)<span class=\"_ _6b\"> </span>(129)Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of movement<span class=\"_ _1\"/>s in foreign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _1b7\"> </span>2,962<span class=\"_ _fc\"> </span>21<span class=\"_ _ed\"> </span><span class=\"ls43 ws4b\">(27)<span class=\"_ _d2\"> </span></span>(34)<span class=\"_ _22\"> </span>2,922<span class=\"_ _20\"> </span><span class=\"ff8 fc14\">11,867<span class=\"_ _b2\"> </span><span class=\"ls43 ws4b\">553<span class=\"_ _99\"> </span></span>9<span class=\"_ _1b\"> </span>101<span class=\"_ _5f\"> </span>12,530</span>T<span class=\"_ _7\"/>otal changes<span class=\"_ _230\"> </span>2,962<span class=\"_ _6b\"> </span>(6<span class=\"_ _1\"/>86)<span class=\"_ _1a\"> </span><span class=\"ls161 ws16e\">777<span class=\"_ _1a\"> </span></span>(143)<span class=\"_ _24\"> </span>2,910<span class=\"_ _21\"> </span><span class=\"fc14\">11,867<span class=\"_ _231\"> </span>539<span class=\"_ _8e\"> </span>(17<span class=\"_ _1\"/>9)<span class=\"_ _ae\"> </span>321<span class=\"_ _84\"> </span>12,54<span class=\"_ _1\"/>8</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er Cost<span class=\"_ _232\"> </span>595,172<span class=\"_ _5f\"> </span>38,<span class=\"_ _6\"/>198<span class=\"_ _5d\"> </span>9,663<span class=\"_ _84\"> </span>12,04<span class=\"_ _1\"/>8<span class=\"_ _fa\"> </span>65<span class=\"_ _1\"/>5,081<span class=\"_ _b3\"> </span><span class=\"ff8 fc14\">5<span class=\"_ _1\"/>87<span class=\"_ _3\"/>,188<span class=\"_ _9b\"> </span>38,459<span class=\"_ _21\"> </span>17<span class=\"_ _7\"/>,007<span class=\"_ _65\"> </span>25,964<span class=\"_ _f9\"> </span>668,618</span>Accumulated amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation and impairm<span class=\"_ _1\"/>ent<span class=\"_ _1d3\"> </span>(322,694)<span class=\"_ _9b\"> </span>(21,<span class=\"_ _6\"/>191)<span class=\"_ _6f\"> </span>(8,788)<span class=\"_ _6f\"> </span>(9,659)<span class=\"_ _12\"> </span>(362,332)<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">(317<span class=\"_ _7\"/>,672)<span class=\"_ _17c\"> </span>(20,766)<span class=\"_ _2b\"> </span>(16,90<span class=\"_ _1\"/>9)<span class=\"_ _17c\"> </span>(2<span class=\"_ _1\"/>3,<span class=\"_ _6\"/>432)<span class=\"_ _36\"> </span>(378,7<span class=\"_ _1\"/>79)</span>Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _233\"> </span>272,478<span class=\"_ _24\"> </span>17<span class=\"_ _7\"/>,007<span class=\"_ _b2\"> </span>875<span class=\"_ _61\"> </span>2,389<span class=\"_ _86\"> </span>292,749<span class=\"_ _17b\"> </span><span class=\"fc14\">269,516<span class=\"_ _22\"> </span>17<span class=\"_ _7\"/>,693<span class=\"_ _22f\"> </span>98<span class=\"_ _73\"> </span>2,532<span class=\"_ _d0\"> </span>289,839</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-49-2": {
   "value": "11<span class=\"_ _1\"/>. <span class=\"_ _eb\"> </span><span class=\"ff5 fs6 ls1ef ws47\">OTHER INC<span class=\"_ _6\"/>OME</span>Ot<span class=\"_ _1\"/>her income consists of income not r<span class=\"_ _1\"/>elated to the ke<span class=\"_ _1\"/>y business acti<span class=\"_ _1\"/>vities of the G<span class=\"_ _1\"/>roup, such a<span class=\"_ _7\"/>s income from the sa<span class=\"_ _6\"/>le of non<span class=\"_ _6\"/>-monetary assets and/<span class=\"_ _6\"/>or liabi<span class=\"_ _7\"/>lities, and/or non-recur<span class=\"_ _1\"/>ring income. L<span class=\"_ _1\"/>icense fees r<span class=\"_ _1\"/>eceived in conn<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>ion with E&amp;<span class=\"_ _1\"/>E assets ar<span class=\"_ _1\"/>e gener<span class=\"_ _1\"/>ally recognise<span class=\"_ _1\"/>d at a point in time wh<span class=\"_ _1\"/>en such fees b<span class=\"_ _1\"/>ecome unconditi<span class=\"_ _1\"/>onal.Gover<span class=\"_ _1\"/>nment grant<span class=\"_ _1\"/>s are recog<span class=\"_ _1\"/>nised initially as defer<span class=\"_ _1\"/>red income at f<span class=\"_ _1\"/>air value whe<span class=\"_ _1\"/>n there is reasonable assurance that t<span class=\"_ _1\"/>hey will be re<span class=\"_ _1\"/>ceived and t<span class=\"_ _1\"/>he Group will compl<span class=\"_ _1\"/>y with the conditions assoc<span class=\"_ _1\"/>iated with th<span class=\"_ _1\"/>e grant. G<span class=\"_ _1\"/>rants t<span class=\"_ _1\"/>hat compensate the G<span class=\"_ _1\"/>roup (p<span class=\"_ _1\"/>art<span class=\"_ _1\"/>ly) for exp<span class=\"_ _1\"/>enses incurred ar<span class=\"_ _1\"/>e recognised in p<span class=\"_ _1\"/>rofit or loss on a s<span class=\"_ _1\"/>ystematic basis in the sam<span class=\"_ _1\"/>e per<span class=\"_ _1\"/>iods in which th<span class=\"_ _1\"/>e expe<span class=\"_ _1\"/>nses are recognised<span class=\"_ _1\"/>. Grant<span class=\"_ _1\"/>s that (<span class=\"_ _1\"/>par<span class=\"_ _1\"/>tly) compensate the Group f<span class=\"_ _1\"/>or the cost of an asset are reco<span class=\"_ _1\"/>gnised in profit o<span class=\"_ _1\"/>r loss on a systemat<span class=\"_ _1\"/>ic basis over the useful life of t<span class=\"_ _1\"/>he asset.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Gov<span class=\"_ _1\"/>ernm<span class=\"_ _1\"/>ent gr<span class=\"_ _1\"/>ants<span class=\"_ _1c1\"> </span><span class=\"ls2 ws2\">4,812<span class=\"_ _20\"> </span><span class=\"ff8 fc14 ls43 ws4b\">8,486</span></span>Gain on sa<span class=\"_ _1\"/>le of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and e<span class=\"_ _1\"/>quipment<span class=\"_ _1d\"> </span>4,<span class=\"_ _7\"/>119<span class=\"_ _92\"> </span><span class=\"ff8 fc14\">7<span class=\"_ _7\"/>,397</span>Sundr<span class=\"_ _1\"/>y incom<span class=\"_ _1\"/>e<span class=\"_ _1c2\"> </span>14,<span class=\"_ _6\"/>116<span class=\"_ _89\"> </span><span class=\"ff8 fc14\">4,162</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1c3\"> </span><span class=\"ls2 ws2\">23,047<span class=\"_ _b4\"> </span><span class=\"fc14 ls43 ws4b\">20,045</span></span>Gover<span class=\"_ _1\"/>nment grant<span class=\"_ _1\"/>s includes t<span class=\"_ _1\"/>ax credit<span class=\"_ _1\"/>s receive<span class=\"_ _1\"/>d on research an<span class=\"_ _1\"/>d developm<span class=\"_ _1\"/>ents and Covid-19 relate<span class=\"_ _1\"/>d governm<span class=\"_ _1\"/>ent suppor<span class=\"_ _1\"/>t. Includ<span class=\"_ _1\"/>ed in gain on sale of pro<span class=\"_ _1\"/>per<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment is a gain on sale an<span class=\"_ _1\"/>d leaseback of EUR 5<span class=\"_ _1\"/>8<span class=\"_ _1\"/>3 thousand<span class=\"_ _1\"/>. Refer to <span class=\"fc14\">N<span class=\"_ _1\"/>ote 20</span><span class=\"ls9e wsa2\"> Leases for more de<span class=\"_ _6\"/>tails.</span>Sundr<span class=\"_ _1\"/>y income inclu<span class=\"_ _1\"/>des a EUR 3<span class=\"_ _1\"/>.1 million gain o<span class=\"_ _1\"/>n disposal of the L<span class=\"_ _1\"/>and Site Chara<span class=\"_ _1\"/>cter<span class=\"_ _1\"/>isation business in Fran<span class=\"_ _1\"/>ce and a EUR 4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>7 million gain from a license fe<span class=\"_ _1\"/>e receive<span class=\"_ _1\"/>d in connec<span class=\"_ _1\"/>tion wit<span class=\"_ _1\"/>h the group\u2019s E&amp;<span class=\"_ _1\"/>E assets. 16<span class=\"_ _1\"/>. <span class=\"_ _ce\"> </span><span class=\"ff5 fs6 ls37 ws1fa\">OTH<span class=\"_ _6\"/>ER<span class=\"_ _7\"/> EXPEN<span class=\"_ _6\"/>SE<span class=\"_ _6\"/>S</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _24\"> </span><span class=\"ff7 ls1dc ws1e2\">20<span class=\"_ _1\"/>21</span></span>*Indire<span class=\"_ _1\"/>ct o<span class=\"_ _1\"/>per<span class=\"_ _1\"/>ating exp<span class=\"_ _1\"/>enses<span class=\"_ _1da\"> </span>31,951<span class=\"_ _65\"> </span><span class=\"ff8 fc14\">22,638</span>Occupan<span class=\"_ _1\"/>cy cost<span class=\"_ _1\"/>s<span class=\"_ _1b4\"> </span>18,267<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">13,587</span>Professional ser<span class=\"_ _1\"/>vi<span class=\"_ _1\"/>ces fee<span class=\"_ _1db\"> </span><span class=\"ls2 ws2\">17<span class=\"_ _7\"/>,764<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">14,<span class=\"_ _1\"/>285</span></span>Communic<span class=\"_ _1\"/>ation and of<span class=\"_ _1\"/>f<span class=\"_ _1\"/>ice equipme<span class=\"_ _1\"/>nt<span class=\"_ _1dc\"> </span>48,037<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">40,513</span>Le<span class=\"_ _1\"/>gal, audit &amp; t<span class=\"_ _1\"/>ax adv<span class=\"_ _1\"/>isor<span class=\"_ _1\"/>y fe<span class=\"_ _1\"/>es<span class=\"_ _1dd\"> </span>11,67<span class=\"_ _1\"/>7<span class=\"_ _21\"> </span><span class=\"ff8 fc14\">10,212</span>Gen<span class=\"_ _1\"/>eral maintenance and supplies<span class=\"_ _45\"> </span><span class=\"ls43 ws4b\">6,279<span class=\"_ _5d\"> </span><span class=\"ff8 fc14 ls2 ws2\">8,355 </span></span>Proper<span class=\"_ _1\"/>ty lease expense<span class=\"_ _1de\"> </span><span class=\"ls2 ws2\">5,540<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">6,581</span></span>T<span class=\"_ _6\"/>rainin<span class=\"_ _1\"/>g<span class=\"_ _1df\"> </span><span class=\"ls2 ws2\">5,897<span class=\"_ _87\"> </span><span class=\"ff8 fc14 ls1e1 ws1e7\">3<span class=\"_ _1\"/>,461</span></span>Marketing<span class=\"_ _6\"/> and advertisi<span class=\"_ _6\"/>ng co<span class=\"_ _6\"/>sts<span class=\"_ _1e0\"> </span><span class=\"ls2 ws2\">4,<span class=\"_ _6\"/>153<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">1,854</span></span>Impairme<span class=\"_ _1\"/>nt of receivables<span class=\"_ _1e1\"> </span><span class=\"ls2 ws2\">1,480<span class=\"_ _5d\"> </span><span class=\"ff8 fc14\">2,283</span></span>Restr<span class=\"_ _1\"/>uc<span class=\"_ _1\"/>turing cost<span class=\"_ _1\"/>s<span class=\"_ _1c1\"> </span>2,844<span class=\"_ _6b\"> </span><span class=\"ff8 fc14\">1,97<span class=\"_ _1\"/>7</span>Research costs<span class=\"_ _a8\"> </span><span class=\"ls2 ws2\">3,<span class=\"_ _7\"/>162<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">2,77<span class=\"_ _1\"/>3</span></span>Loss on disp<span class=\"_ _1\"/>osal of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipm<span class=\"_ _1\"/>ent<span class=\"_ _1e2\"> </span>292<span class=\"_ _df\"> </span><span class=\"ff8 fc14 ls43 ws4b\">504</span>Other<span class=\"_ _1e3\"> </span><span class=\"ls2 ws2\">20,359<span class=\"_ _21\"> </span><span class=\"ff8 fc14\">16,012 </span></span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1e4\"> </span><span class=\"ls2 ws2\">17<span class=\"_ _1\"/>7<span class=\"_ _3\"/>,702<span class=\"_ _fa\"> </span><span class=\"fc14\">145,035</span></span>*Comparative n<span class=\"_ _6\"/>umbers have<span class=\"_ _7\"/> b<span class=\"_ _1\"/>een resta<span class=\"_ _6\"/>ted to<span class=\"_ _6\"/> conform<span class=\"_ _6\"/> to curren<span class=\"_ _6\"/>t year<span class=\"_ _6\"/> presentation.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-49-3": {
   "value": "11<span class=\"_ _1\"/>. <span class=\"_ _eb\"> </span><span class=\"ff5 fs6 ls1ef ws47\">OTHER INC<span class=\"_ _6\"/>OME</span>Ot<span class=\"_ _1\"/>her income consists of income not r<span class=\"_ _1\"/>elated to the ke<span class=\"_ _1\"/>y business acti<span class=\"_ _1\"/>vities of the G<span class=\"_ _1\"/>roup, such a<span class=\"_ _7\"/>s income from the sa<span class=\"_ _6\"/>le of non<span class=\"_ _6\"/>-monetary assets and/<span class=\"_ _6\"/>or liabi<span class=\"_ _7\"/>lities, and/or non-recur<span class=\"_ _1\"/>ring income. L<span class=\"_ _1\"/>icense fees r<span class=\"_ _1\"/>eceived in conn<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>ion with E&amp;<span class=\"_ _1\"/>E assets ar<span class=\"_ _1\"/>e gener<span class=\"_ _1\"/>ally recognise<span class=\"_ _1\"/>d at a point in time wh<span class=\"_ _1\"/>en such fees b<span class=\"_ _1\"/>ecome unconditi<span class=\"_ _1\"/>onal.Gover<span class=\"_ _1\"/>nment grant<span class=\"_ _1\"/>s are recog<span class=\"_ _1\"/>nised initially as defer<span class=\"_ _1\"/>red income at f<span class=\"_ _1\"/>air value whe<span class=\"_ _1\"/>n there is reasonable assurance that t<span class=\"_ _1\"/>hey will be re<span class=\"_ _1\"/>ceived and t<span class=\"_ _1\"/>he Group will compl<span class=\"_ _1\"/>y with the conditions assoc<span class=\"_ _1\"/>iated with th<span class=\"_ _1\"/>e grant. G<span class=\"_ _1\"/>rants t<span class=\"_ _1\"/>hat compensate the G<span class=\"_ _1\"/>roup (p<span class=\"_ _1\"/>art<span class=\"_ _1\"/>ly) for exp<span class=\"_ _1\"/>enses incurred ar<span class=\"_ _1\"/>e recognised in p<span class=\"_ _1\"/>rofit or loss on a s<span class=\"_ _1\"/>ystematic basis in the sam<span class=\"_ _1\"/>e per<span class=\"_ _1\"/>iods in which th<span class=\"_ _1\"/>e expe<span class=\"_ _1\"/>nses are recognised<span class=\"_ _1\"/>. Grant<span class=\"_ _1\"/>s that (<span class=\"_ _1\"/>par<span class=\"_ _1\"/>tly) compensate the Group f<span class=\"_ _1\"/>or the cost of an asset are reco<span class=\"_ _1\"/>gnised in profit o<span class=\"_ _1\"/>r loss on a systemat<span class=\"_ _1\"/>ic basis over the useful life of t<span class=\"_ _1\"/>he asset.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Gov<span class=\"_ _1\"/>ernm<span class=\"_ _1\"/>ent gr<span class=\"_ _1\"/>ants<span class=\"_ _1c1\"> </span><span class=\"ls2 ws2\">4,812<span class=\"_ _20\"> </span><span class=\"ff8 fc14 ls43 ws4b\">8,486</span></span>Gain on sa<span class=\"_ _1\"/>le of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and e<span class=\"_ _1\"/>quipment<span class=\"_ _1d\"> </span>4,<span class=\"_ _7\"/>119<span class=\"_ _92\"> </span><span class=\"ff8 fc14\">7<span class=\"_ _7\"/>,397</span>Sundr<span class=\"_ _1\"/>y incom<span class=\"_ _1\"/>e<span class=\"_ _1c2\"> </span>14,<span class=\"_ _6\"/>116<span class=\"_ _89\"> </span><span class=\"ff8 fc14\">4,162</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1c3\"> </span><span class=\"ls2 ws2\">23,047<span class=\"_ _b4\"> </span><span class=\"fc14 ls43 ws4b\">20,045</span></span>Gover<span class=\"_ _1\"/>nment grant<span class=\"_ _1\"/>s includes t<span class=\"_ _1\"/>ax credit<span class=\"_ _1\"/>s receive<span class=\"_ _1\"/>d on research an<span class=\"_ _1\"/>d developm<span class=\"_ _1\"/>ents and Covid-19 relate<span class=\"_ _1\"/>d governm<span class=\"_ _1\"/>ent suppor<span class=\"_ _1\"/>t. Includ<span class=\"_ _1\"/>ed in gain on sale of pro<span class=\"_ _1\"/>per<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment is a gain on sale an<span class=\"_ _1\"/>d leaseback of EUR 5<span class=\"_ _1\"/>8<span class=\"_ _1\"/>3 thousand<span class=\"_ _1\"/>. Refer to <span class=\"fc14\">N<span class=\"_ _1\"/>ote 20</span><span class=\"ls9e wsa2\"> Leases for more de<span class=\"_ _6\"/>tails.</span>Sundr<span class=\"_ _1\"/>y income inclu<span class=\"_ _1\"/>des a EUR 3<span class=\"_ _1\"/>.1 million gain o<span class=\"_ _1\"/>n disposal of the L<span class=\"_ _1\"/>and Site Chara<span class=\"_ _1\"/>cter<span class=\"_ _1\"/>isation business in Fran<span class=\"_ _1\"/>ce and a EUR 4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>7 million gain from a license fe<span class=\"_ _1\"/>e receive<span class=\"_ _1\"/>d in connec<span class=\"_ _1\"/>tion wit<span class=\"_ _1\"/>h the group\u2019s E&amp;<span class=\"_ _1\"/>E assets. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-49-4": {
   "value": "11<span class=\"_ _1\"/>. <span class=\"_ _eb\"> </span><span class=\"ff5 fs6 ls1ef ws47\">OTHER INC<span class=\"_ _6\"/>OME</span>Ot<span class=\"_ _1\"/>her income consists of income not r<span class=\"_ _1\"/>elated to the ke<span class=\"_ _1\"/>y business acti<span class=\"_ _1\"/>vities of the G<span class=\"_ _1\"/>roup, such a<span class=\"_ _7\"/>s income from the sa<span class=\"_ _6\"/>le of non<span class=\"_ _6\"/>-monetary assets and/<span class=\"_ _6\"/>or liabi<span class=\"_ _7\"/>lities, and/or non-recur<span class=\"_ _1\"/>ring income. L<span class=\"_ _1\"/>icense fees r<span class=\"_ _1\"/>eceived in conn<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>ion with E&amp;<span class=\"_ _1\"/>E assets ar<span class=\"_ _1\"/>e gener<span class=\"_ _1\"/>ally recognise<span class=\"_ _1\"/>d at a point in time wh<span class=\"_ _1\"/>en such fees b<span class=\"_ _1\"/>ecome unconditi<span class=\"_ _1\"/>onal.Gover<span class=\"_ _1\"/>nment grant<span class=\"_ _1\"/>s are recog<span class=\"_ _1\"/>nised initially as defer<span class=\"_ _1\"/>red income at f<span class=\"_ _1\"/>air value whe<span class=\"_ _1\"/>n there is reasonable assurance that t<span class=\"_ _1\"/>hey will be re<span class=\"_ _1\"/>ceived and t<span class=\"_ _1\"/>he Group will compl<span class=\"_ _1\"/>y with the conditions assoc<span class=\"_ _1\"/>iated with th<span class=\"_ _1\"/>e grant. G<span class=\"_ _1\"/>rants t<span class=\"_ _1\"/>hat compensate the G<span class=\"_ _1\"/>roup (p<span class=\"_ _1\"/>art<span class=\"_ _1\"/>ly) for exp<span class=\"_ _1\"/>enses incurred ar<span class=\"_ _1\"/>e recognised in p<span class=\"_ _1\"/>rofit or loss on a s<span class=\"_ _1\"/>ystematic basis in the sam<span class=\"_ _1\"/>e per<span class=\"_ _1\"/>iods in which th<span class=\"_ _1\"/>e expe<span class=\"_ _1\"/>nses are recognised<span class=\"_ _1\"/>. Grant<span class=\"_ _1\"/>s that (<span class=\"_ _1\"/>par<span class=\"_ _1\"/>tly) compensate the Group f<span class=\"_ _1\"/>or the cost of an asset are reco<span class=\"_ _1\"/>gnised in profit o<span class=\"_ _1\"/>r loss on a systemat<span class=\"_ _1\"/>ic basis over the useful life of t<span class=\"_ _1\"/>he asset.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Gov<span class=\"_ _1\"/>ernm<span class=\"_ _1\"/>ent gr<span class=\"_ _1\"/>ants<span class=\"_ _1c1\"> </span><span class=\"ls2 ws2\">4,812<span class=\"_ _20\"> </span><span class=\"ff8 fc14 ls43 ws4b\">8,486</span></span>Gain on sa<span class=\"_ _1\"/>le of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and e<span class=\"_ _1\"/>quipment<span class=\"_ _1d\"> </span>4,<span class=\"_ _7\"/>119<span class=\"_ _92\"> </span><span class=\"ff8 fc14\">7<span class=\"_ _7\"/>,397</span>Sundr<span class=\"_ _1\"/>y incom<span class=\"_ _1\"/>e<span class=\"_ _1c2\"> </span>14,<span class=\"_ _6\"/>116<span class=\"_ _89\"> </span><span class=\"ff8 fc14\">4,162</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1c3\"> </span><span class=\"ls2 ws2\">23,047<span class=\"_ _b4\"> </span><span class=\"fc14 ls43 ws4b\">20,045</span></span>Gover<span class=\"_ _1\"/>nment grant<span class=\"_ _1\"/>s includes t<span class=\"_ _1\"/>ax credit<span class=\"_ _1\"/>s receive<span class=\"_ _1\"/>d on research an<span class=\"_ _1\"/>d developm<span class=\"_ _1\"/>ents and Covid-19 relate<span class=\"_ _1\"/>d governm<span class=\"_ _1\"/>ent suppor<span class=\"_ _1\"/>t. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-49-6": {
   "value": "11<span class=\"_ _1\"/>. <span class=\"_ _eb\"> </span><span class=\"ff5 fs6 ls1ef ws47\">OTHER INC<span class=\"_ _6\"/>OME</span>Ot<span class=\"_ _1\"/>her income consists of income not r<span class=\"_ _1\"/>elated to the ke<span class=\"_ _1\"/>y business acti<span class=\"_ _1\"/>vities of the G<span class=\"_ _1\"/>roup, such a<span class=\"_ _7\"/>s income from the sa<span class=\"_ _6\"/>le of non<span class=\"_ _6\"/>-monetary assets and/<span class=\"_ _6\"/>or liabi<span class=\"_ _7\"/>lities, and/or non-recur<span class=\"_ _1\"/>ring income. L<span class=\"_ _1\"/>icense fees r<span class=\"_ _1\"/>eceived in conn<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>ion with E&amp;<span class=\"_ _1\"/>E assets ar<span class=\"_ _1\"/>e gener<span class=\"_ _1\"/>ally recognise<span class=\"_ _1\"/>d at a point in time wh<span class=\"_ _1\"/>en such fees b<span class=\"_ _1\"/>ecome unconditi<span class=\"_ _1\"/>onal.Gover<span class=\"_ _1\"/>nment grant<span class=\"_ _1\"/>s are recog<span class=\"_ _1\"/>nised initially as defer<span class=\"_ _1\"/>red income at f<span class=\"_ _1\"/>air value whe<span class=\"_ _1\"/>n there is reasonable assurance that t<span class=\"_ _1\"/>hey will be re<span class=\"_ _1\"/>ceived and t<span class=\"_ _1\"/>he Group will compl<span class=\"_ _1\"/>y with the conditions assoc<span class=\"_ _1\"/>iated with th<span class=\"_ _1\"/>e grant. G<span class=\"_ _1\"/>rants t<span class=\"_ _1\"/>hat compensate the G<span class=\"_ _1\"/>roup (p<span class=\"_ _1\"/>art<span class=\"_ _1\"/>ly) for exp<span class=\"_ _1\"/>enses incurred ar<span class=\"_ _1\"/>e recognised in p<span class=\"_ _1\"/>rofit or loss on a s<span class=\"_ _1\"/>ystematic basis in the sam<span class=\"_ _1\"/>e per<span class=\"_ _1\"/>iods in which th<span class=\"_ _1\"/>e expe<span class=\"_ _1\"/>nses are recognised<span class=\"_ _1\"/>. Grant<span class=\"_ _1\"/>s that (<span class=\"_ _1\"/>par<span class=\"_ _1\"/>tly) compensate the Group f<span class=\"_ _1\"/>or the cost of an asset are reco<span class=\"_ _1\"/>gnised in profit o<span class=\"_ _1\"/>r loss on a systemat<span class=\"_ _1\"/>ic basis over the useful life of t<span class=\"_ _1\"/>he asset.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-52-3": {
   "value": "12.  PERSONNEL EXPENSES(EUR x 1,000) Note 2022 2021Wages and salaries 570,543 496,405Social security contributions 53,183 45,319Equity-settled share-based payments14 6,106 4,939Expense related to defined contribution plans 30,649 29,742Expense / (gain) related to defined benefit plans31 1,120 418Increase/(decrease) in liability for long service leave31 4,014 1,113Total 665,615 577,93631.  EMPLOYEE BENEFITSDefined contribution plansA defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognised as an employee benefit expense in profit or loss in the periods during which services are rendered by employees. Prepaid contributions are recognised as an asset to the extent that a cash refund or a reduction in future payments is available. Contributions to a defined contribution plan that are due more than twelve months after the end of the period in which the employees render the service are discounted to their present value.Defined benefit plansA defined benefit plan is a post-employment benefit plan other than a defined contribution plan. The Group\u2019s net obligation in respect of defined benefit pension plans is calculated separately for each plan by estimating the amount of future benefit that employees have earned in the current and prior periods, discounting that amount and deducting the fair value of any plan assets. The discount rate is the yield at the reporting date on AA credit-rated (high quality) corporate bonds that have maturity dates approximating the terms of the Group\u2019s obligations and that are denominated in the same currency in which the benefits are expected to be paid. The calculation is performed by qualified independent actuaries using the projected unit credit method. When the calculation results in a potential asset for the Group, the recognised asset is limited to the present value of economic benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan. In order to calculate the present value of economic benefits, consideration is given to any minimum funding requirements that apply to any plan in the Group. An economic benefit is available to the Group if it is realisable during the life of the plan, or on settlement of the plan liabilities.Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to equity in other comprehensive income in the period in which they arise. Past-service costs are recognised immediately in profit or loss. Employee contributions for which the amount is independent of the number of years of service are recognised as a reduction of the service costs in the period in which the related services are rendered.When the benefits of a plan are changed or when a plan is curtailed, then resulting change in benefits that relates to past service or the gain or loss on curtailment is recognised immediately in profit or loss. The Group recognises gains and losses on the settlement of a defined benefit plan when the settlement occurs.Other long-term employee benefitsThe Group\u2019s net obligation in respect of long-term employee benefits, other than pension plans, is the amount of future benefit that employees have earned in return for their service in the current and prior periods; that benefit is discounted to determine its present value, and the fair value of any assets is deducted. At the reporting date, the discount rate is determined by reference to the yield on AA credit-rated corporate bonds that have maturity dates approximating the terms of the Group\u2019s obligations and that are denominated in the same currency in which the benefits are expected to be paid. The actuarial calculations are performed using the projected unit credit method. Any actuarial gains or losses are recognised in profit or loss in the period in which they arise.(EUR x 1,000) 2022 2021Net defined benefit asset (21,333) (22,796)Total employee benefit asset (21,333) (22,796)Net defined benefit obligation 8,256 22,272Liability for long-service leave  28,621 25,902Total employee benefit liabilities  36,877 48,174The Group makes contributions to a number of pension plans, both defined benefit plans as well as defined contribution plans, that provide pension benefits for employees upon retirement in a number of countries. The retirement age is in line with the provisions in the different plans. The most important plans relate to plans in the Netherlands, United Kingdom and the United States. Details of these plans are as follows: \u25a0In the Netherlands, the Group provided a pension plan based on average salary. This plan qualified as a defined benefit scheme. The pension entitlements from this plan are insured with an insurance company that guarantees the accrued pension entitlements. Since 2018, this pension plan has been terminated and has been replaced by a new plan pension plan, qualified as a defined contribution scheme, that is applicable as of 2019. The accrued pension entitlements up to 2018 remained at the insurer and indexation is provided to these accrued pension entitlements for active participants. \u25a0In the United Kingdom (UK) the Group operates two defined benefit pension schemes. For Fugro Holdings (FH), the company operates a final salary defined benefit pension scheme. The scheme is an HMRC registered pension scheme and is subject to standard UK pensions and tax law. The Robertson Research International Group Pension Scheme (RRI) is a funded, defined benefit pension plan. The pension schemes have been closed in previous years for new participants but include the on-going obligations to their members (both former and present employees). The pension schemes assets are held in separate Trustee-administered funds. The schemes include indexation in line with RPI. The valuation of both the FH and the RRI scheme resulted in a net defined benefit asset as per 31 December 2022. \u25a0In the United States of America (USA) the Group operates a 401K plan for its employees. The Group contributes towards the deposits of its employees in accordance with agreed rules and taking into account the regulations of the Internal Revenue Service (IRS), the US tax authority. This plan qualifies as a defined contribution plan.The defined benefit obligation and fair value of plan assets are specified as follows:202220222022202120212021(EUR x 1,000)RRI planOtherTotalRRI planOtherTotalPresent value of funded obligations 48,233 263,784 312,017 70,499 431,444 501,943Fair value of plan assets (62,835) (262,259) (325,094) (93,295) (409,172) (502,467)Net defined benefit obligation (asset) (14,602) 1,525 (13,077) (22,796) 22,272 (524)The movements in the present value of the funded obligations and fair value of plan assets consist of the following:2022 2021Net liability Net liability (EUR x 1,000) Obligation Plan assets(asset) Obligation Plan assets(asset)Balance at 1 January 501,943 (502,467) (524) 542,234 (494,853) 47,381Plan amendments and curtailments (past service cost) (5,568) 6,937 1,369-- -Interest expense / (income) 7,358 (7,607) (249) 4,920 (4,502) 418Included in profit or loss (personnel expense) 1,790 (670) 1,120 4,920 (4,502) 418Actuarial losses / (gains): (170,994) 167,699 (3,295) (53,498) 15,497 (38,001) \u25a0(Gain)/loss from change in demographic assumptions 2,241-2,241 (1,563)-(1,563) \u25a0(Gain)/loss from change in financial assumptions (180,728) 167,699 (13,029) (53,079) 15,497 (37,582) \u25a0Experience (gains)/losses 7,493-7,493 1,144-1,144Exchange rate differences (9,881) 11,052 1,171 18,495 (16,736) 1,759Included in other comprehensive income (180,875) 178,751 (2,124) (35,003) (1,239) (36,242)Paid by the employer-(11,514) (11,514)-  (12,081) (12,081)Paid by plan participants- - - ---Benefits paid by the plan (10,841) 10,806 (35) (10,208) 10,208-Other (10,841) (708) (11,549) (10,208) (1,873) (12,081)Present value of the funded obligation at 31 December 312,017 (325,094) (13,077) 501,943 (502,467) (524)The following remeasurements were recognised directly in other comprehensive income:(EUR x 1,000) 2022 2021Cumulative amount at 1 January (35,165) (69,390Remeasurements: 4,745 34,225 \u25a0Recognised during the year 3,295 38,001 \u25a0Effect of movement in exchange rates 1,450 (3,776)Cumulative amount at 31 December (30,420) (35,165The actuarial gain net of tax recognised in other comprehensive income amounts to EUR 2,460 thousand (2021: EUR 31,601 thousand), after income tax recognised of EUR 835 thousand (2021: EUR 6,400 thousand). Actuarial assumptionsPrincipal actuarial assumptions at the reporting date (expressed as a range of weighted averages):2022 2021UK Netherlands UK NetherlandsDiscount rate at 31 December 4.85% 3.60% 1.93% 1.10%Future salary increases 0.0% 0.0% 0.0% 0.0%Future pension increases 1.54% 0.0% 1.51% 0.0%The financial effects of differences between the actuarial assumptions and actuals for the pension liability and plan assets are included in the remeasurements. For the Netherlandslife expectancy assumptions are derived from the Projections Life Table AG2022 from the Royal Dutch Actuarial Association. The mortality table is adjusted to tailor the mortality figures to the insured population by applying the experience factors from the \u2018Centrum voor Verzekeringsstatistiek\u2019: the so-called ES-P2 factors. For the United Kingdom, the mortality basis adopted is the standard table S3PxA with future improvements in line with the Continuous Mortality Investigation\u2019s 2021 projection model with a long term improvement rate of 1.25% per annum for all members.The sensitivity of the defined benefit obligation to changes in the weighted principal assumptions is:Impact on defined benefit obligationChange in assumption Increase in assumption Decrease in assumptionDiscount rate 0.50% Decrease by 7.1% Increase by 8.1%Salary growth rate 0.50% Increase by 0.0% Decrease by 0.0%Pension growth rate 0.50% Increase by 2.1% Decrease by 2.0%Life expectancy 1 year Increase by 2.9% Decrease by 2.9%The sensitivity analyses are based on a change in one assumption while holding all other assumptions constant, so that interdependencies between the assumptions are excluded.Risk exposureThrough its defined benefit pension plans, the Group is exposed to various demographic and economic risks. Most of these risks come with the nature of a defined benefit plan and are therefore not country specific. The most significant risks relate to life expectancy, investment risk, interest rates and inflation. The latter plays a role in the assumed salary increase and especially for those group pension obligations which are linked to inflation, meaning higher inflation will lead to higher liabilities.The Group is actively managing risk related to its defined benefit plans to reduce these risks as much as possible. Specifically for inflation, in most cases caps on the level of inflationary increases are in place to protect the plan against extreme inflation. The majority of the plan\u2019s assets are either unaffected by (fixed interest bonds) or loosely correlated with (equities) inflation, meaning that an increase in inflation will also increase the deficit. Life expectancy risk is particularly significant in the UK plan, where inflationary increases result in higher sensitivity to changes in life expectancy. In the Netherlands this risk is limited as the insurer guarantees the payment of the accrued benefits.Apart from the Group wide risks, local risks are considered to be limited for the Netherlands as in the Netherlands the company terminated its defined benefit scheme in 2018 and the accrued pension entitlements were insured, limiting the risk for the Group to the indexation of the accrued entitlements. The insurance company guarantees all accrued entitlements. The insurance contract includes an account in which 80% of the investments are used to match the liability on a funding basis and 20% of the investments are used to invest in equity. The insurance company ultimately decides on investment policies and governance since they run the downside risk.In the UK, the Trustees set the Scheme\u2019s investment strategy, in consultation with the employer. The Robertson and UK Holdings plan include return seeking assets and bonds. The Robertson plan also includes matching assets to cover the pensioner liabilities. The employer is ultimately responsible for funding the accrued pensions and the pension increases.Major categories of plan assetsPlan assets are comprised as follows:(EUR x 1,000) 2022 2021Quoted Unquoted Total % Quoted Unquoted Total %Equity instruments 7,571-7,571 2% 112,958-112,958 22%Debt instruments 145,414-145,414 45% 131,822-131,822 26%Government 12,733-12,733 4% 10,107-10,107 2%Corporate bonds (Investment grade) 62,515-62,515 19% 76,156-76,156 15%Corporate bonds (Non-investment grade) 70,166-70,166 22% 45,559-45,559 9%Insurance policies-147,352 147,352 45%-233,942 233,942 47%Property 8,984-8,984 3% 13,273-13,273 3%Cash and cash equivalents-15,773 15,773 5% 10,472-10,472Balance at 31 December 161,969 163,125 325,094 100% 268,525 233,942 502,467The expected 2023 contributions amount to EUR 12.2 million (2022: EUR 12.8 million).The weighted average duration of the defined benefit obligation is 18.4 years (2021:  20 years).United Total As at 31 December 2022NetherlandsKingdomweighted Duration of plan 18.0 18.8 18.4",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-53-2": {
   "value": "13.  EMPLOYEESThe total number of full-time equivalent (FTE) employees as at 31 December and average number for the year is as follows:2022 2021Nether-Other Nether-Other landscountries Totallandscountries TotalTechnical staff 741 6,473 7,214 699 6,352 7,051Management and administrative staff 264 1,218 1,482 241 1,198 1,439Temporary and  contract staff 226 479 705 169 343 512Total number of employees at 31 December 1,231 8,170 9,401 1,109 7,893 9,002Average number  of employees during  the year 1,170 8,032 9,202 1,115 7,961 9,076",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-54-2": {
   "value": "14.  SHARE BASED PAYMENTSThe Group currently has two active equity-settled share-based payment arrangements under the long-term incentive plan: \u25a0performance shares, open for the Board of Management, Executive Leadership Team and other selected senior employees \u25a0restricted share units, open for eligible and other selected employeesAdditionally, the Group previously operated the following plans, which are partly still vesting: \u25a0restricted shares (Board of Management, 2018 grant only) \u25a0share options, including performance options open for the Board and Management, Executive Leadership Team and other selected senior employees, and regular share options, open for eligible and selected other employees for grants up to 2021The cost of equity-settled share-based payment arrangements is determined by the fair value at the date when the grant is made. Service and non-market performance conditions are not taken into account when determining the grant date fair value of awards, but the likelihood of the conditions being met is assessed as part of the company\u2019s best estimate of the number of equity instruments that will ultimately vest. Market performance conditions are reflected within the grant date fair value.If awards do not vest, due to non-market conditions and/or service conditions not being met, no expense is recognised. Awards that include a market condition are treated as vested irrespective of whether the market condition is satisfied, provided that all other (non-market) performance conditions and/or service conditions are satisfied.The grant-date fair value of equity-settled share-based payment awards granted to employees is recognised as personnel expense, with a corresponding increase in equity, over the vesting period of the award. The cumulative expense recognised for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the company\u2019s best estimate of the number of equity shares that will ultimately vest.14.1  Performance sharesVesting is subject to continuous employment and performance measurement. The performance period is three years starting on 1 January in the year of the grant. Vested performance shares have a holding (lock-up) period of 2 years and may be partly sold only to meet tax requirements at vesting (\u2018sell-to-cover\u2019).The maximum number of performance shares that can vest after three years equals 175% of the conditionally granted number of shares (only in case maximum performance is achieved on all criteria). The performance targets and their relative weights for the grants made under the plan are as follows:Relative weights in Performance metric2022Total Shareholder Return 37.5%Return on Capital Employed 37.5%Strategic targets 25.0%The performance targets are discussed in the Remuneration Report and defined in the Glossary.A summary of performance shares movements and outstanding balance as at 31 December is presented below.2022 2021Weighted Weighted average average Number of grant date Number of grant date sharesfair valuesharesfair valuePerformance shares outstanding at 1 January 826,724 12.12  530,929   17.96 Granted during the period 435,750 10.73 424,500 9.03Forfeited during the period 28,866 9.64 72,584 21.81Vested during the period 70,459 18.50 56,121 25.13Performance shares outstanding at 31 December 1,163,147 11.27 826,724 12.12The grant date fair value of the portion with a TSR market performance condition, a market performance condition, has been derived using a Monte Carlo simulation model. The fair value of the portion with a ROCE or a strategic performance condition is equal to the share price at date of grant adjusted for expected dividends during the vesting period.The significant inputs into the valuation model are (including the actual historical share prices at the date of grant):2022 2021Performance Shares Performance SharesShare price (in EUR) 8.35 \u2013 11.02 8.96 \u2013 9.13Volatility (%) 62.2% - 62.6% 60.9% - 62.7%Dividend yield (%) 0.0% 0.0%Vesting period (in years) 2.75 - 2.85 2.64 \u2013 2.84Risk-free interest rate (%) (0.296)% - 0.135% (0.66)% - (0.70)%Remaining performance period  (in years) 2.75 - 2.85 2.64 \u2013 2.84The expected volatility is based on the annualised historical volatility prior to the date of grant corresponding with the remaining performance period, and the dividend yield is estimated based on the historic dividend yield on Fugro shares at the date of grant.The total expense recognised in 2022 related to performance shares amounted to EUR 3,920,234 (2021: EUR 3,297,452). 14.2  Restricted Share Unit planA Restricted Shared Unit (RSU) entitles the employee to receive a number of Fugro shares. RSU\u2019s vest when an employee remains employed by Fugro or one of its subsidiaries for three years following the grant date. There are no other vesting conditions. The Board of Management and the Supervisory Board decide annually on the granting of RSU\u2019s. The grant date fair value of the RSU\u2019s is the share price at the date of grant adjusted for expected dividends during the vesting period (2022: EUR 11.02).A summary of RSU movements and the outstanding balance as at 31 December is presented below.2022 2021Weighted Weighted average  average Number of grant date Number of grant date sharesfair valuesharesfair valueRSU\u2019s outstanding at 1 January 374,357 9.08- -Granted during the period 384,644 11.02 385,032 9.08Forfeited during the period 27,400 9.47 10,675 9.08Vested during the period 3,290 9.08- -RSU\u2019s outstanding at 31 December 728,311 10.10 374,357 9.08The total expense recognised in 2022 related to RSU\u2019s amounted to EUR 1,977,409  (2021: EUR 744,636).14.3  Restricted sharesNo restricted shares have been granted since 2018. A summary of restricted share movements and the outstanding balance as at 31 December is presented below.2022 2021Weighted Weighted average  average Number of grant date Number of grant date sharesfair valuesharesfair valueRestricted shares outstanding at 1 January 58,934 23.82  105,334   24.53 Granted during the period- - - -Forfeited during the period- -1,850  25.43 Vested during the period 12,783 24.14 44,550  25.43 Restricted shares outstanding at 31 December 46,151 23.74 58,934 23.82The total expense recognised in 2022 related to restricted shares amounted to EUR nil (2021: EUR 183,956).14.4  OptionsPerformance optionsNo performance options were granted since 2016. The last remaining performance options vested in 2019. No expense was recognised for performance options in 2022 and 2021. As at 31 December 2022, nil performance options were outstanding (2021: 24,793). The performance options expired on 31 December 2022.  Share optionsNo share options were granted since 2020. The share option scheme was replaced by a restricted share unit plan in 2021. A summary of movements during the year of options and balances outstanding as at 31 December is presented below:2022 2021Weighted Weighted average average Number of exercise Number of exercise optionsprice (EUR)optionsprice (EUR)Options outstanding at 1 January 901,578 26.59 1,160,733 22.38Forfeited during the period 73,100 20.73 92,750 21.92Expired during the period 173,513 29.10 166,405 30.12Options granted during the period- - - -Options outstanding at 31 December 654,965 18.91 901,578 21.02Options exercisable at 31 December 423,465 22.07 406,188 26.59The outstanding share options have an exercise price ranging from EUR 13.12 to EUR 24.04 as at 31 December 2022. The average remaining term of the options is 2.2 years  (2021: 2.7 years).The total expense recognised in 2022 related to share options amounted to EUR 207,790 (2021: EUR 712,577).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-54-4": {
   "value": "14.  SHARE BASED PAYMENTSThe Group currently has two active equity-settled share-based payment arrangements under the long-term incentive plan: \u25a0performance shares, open for the Board of Management, Executive Leadership Team and other selected senior employees \u25a0restricted share units, open for eligible and other selected employeesAdditionally, the Group previously operated the following plans, which are partly still vesting: \u25a0restricted shares (Board of Management, 2018 grant only) \u25a0share options, including performance options open for the Board and Management, Executive Leadership Team and other selected senior employees, and regular share options, open for eligible and selected other employees for grants up to 2021The cost of equity-settled share-based payment arrangements is determined by the fair value at the date when the grant is made. Service and non-market performance conditions are not taken into account when determining the grant date fair value of awards, but the likelihood of the conditions being met is assessed as part of the company\u2019s best estimate of the number of equity instruments that will ultimately vest. Market performance conditions are reflected within the grant date fair value.If awards do not vest, due to non-market conditions and/or service conditions not being met, no expense is recognised. Awards that include a market condition are treated as vested irrespective of whether the market condition is satisfied, provided that all other (non-market) performance conditions and/or service conditions are satisfied.The grant-date fair value of equity-settled share-based payment awards granted to employees is recognised as personnel expense, with a corresponding increase in equity, over the vesting period of the award. The cumulative expense recognised for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the company\u2019s best estimate of the number of equity shares that will ultimately vest.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
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    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  "pp-value-59-5": {
   "value": "15<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls1ef ws47\">IMP<span class=\"_ _6\"/>AIRMENTS OF<span class=\"_ _7\"/> NON<span class=\"_\"> </span><span class=\"lsf7 ws3d\">FINANCIAL ASSETS</span></span>Intangibl<span class=\"_ _1\"/>e assets that have an indef<span class=\"_ _1\"/>inite useful life or intangibl<span class=\"_ _1\"/>e assets not read<span class=\"_ _1\"/>y for use are not subjec<span class=\"_ _1\"/>t to amor<span class=\"_ _1\"/>tisati<span class=\"_ _1\"/>on and are tested a<span class=\"_ _1\"/>nnually for impairme<span class=\"_ _1\"/>nt. Ot<span class=\"_ _1\"/>her non-financial asset<span class=\"_ _1\"/>s that are subjec<span class=\"_ _1\"/>t to depre<span class=\"_ _1\"/>ciation and amo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tisation are rev<span class=\"_ _1\"/>iewed f<span class=\"_ _1\"/>or impairme<span class=\"_ _1\"/>nt whenever eve<span class=\"_ _1\"/>nts or chang<span class=\"_ _1\"/>es in circumstances indicate that th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>ying amount may not b<span class=\"_ _1\"/>e recoverab<span class=\"_ _1\"/>le. The c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unts of the Gr<span class=\"_ _1\"/>oup\u2019s non-<span class=\"_ _6\"/>financial asset<span class=\"_ _1\"/>s other t<span class=\"_ _1\"/>han assets arising from employe<span class=\"_ _1\"/>e benef<span class=\"_ _1\"/>its an<span class=\"_ _1\"/>d deferre<span class=\"_ _1\"/>d tax asset<span class=\"_ _1\"/>s, are re<span class=\"_ _1\"/>viewe<span class=\"_ _1\"/>d at each repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ting date to determ<span class=\"_ _1\"/>ine whethe<span class=\"_ _1\"/>r there is any indicat<span class=\"_ _1\"/>ion of impairment<span class=\"_ _1\"/>. If any such indicati<span class=\"_ _1\"/>on exists<span class=\"_ _1\"/>, then t<span class=\"_ _1\"/>he asset<span class=\"_ _1\"/>\u2019s recoverable am<span class=\"_ _1\"/>ount is estimated. The re<span class=\"_ _1\"/>coverable a<span class=\"_ _1\"/>mount of an asset or cash-gener<span class=\"_ _1\"/>ating unit (C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>) is the higher of it<span class=\"_ _1\"/>s value in use and it<span class=\"_ _1\"/>s fair v<span class=\"_ _1\"/>alue less costs of disposal. I<span class=\"_ _1\"/>n assessi<span class=\"_ _6\"/>ng valu<span class=\"_ _1\"/>e in use, the estimated f<span class=\"_ _1\"/>uture cash fl<span class=\"_ _1\"/>ows are discounted to the<span class=\"_ _1\"/>ir present value using a pre<span class=\"_ _1\"/>-tax discount rate that ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ts curr<span class=\"_ _1\"/>ent market assessments of th<span class=\"_ _1\"/>e time value of mo<span class=\"_ _1\"/>ney and the r<span class=\"_ _1\"/>isks specif<span class=\"_ _1\"/>ic to the asset or cash-ge<span class=\"_ _1\"/>nerat<span class=\"_ _1\"/>ing unit. F<span class=\"_ _1\"/>or the purp<span class=\"_ _1\"/>ose of impairment testing<span class=\"_ _1\"/>, assets that cannot b<span class=\"_ _1\"/>e tested indiv<span class=\"_ _1\"/>idually are group<span class=\"_ _1\"/>ed tog<span class=\"_ _1\"/>ether into the smallest group of assets t<span class=\"_ _1\"/>hat gener<span class=\"_ _1\"/>ates cash inflows f<span class=\"_ _1\"/>rom continuing use that are largel<span class=\"_ _1\"/>y independent o<span class=\"_ _6\"/>f the cas<span class=\"_ _6\"/>h in<span class=\"_ _6\"/>flows of other a<span class=\"_ _6\"/>ssets or cas<span class=\"_ _7\"/>h-gener<span class=\"_ _1\"/>atin<span class=\"_ _6\"/>g unit. The G<span class=\"_ _1\"/>roup\u2019s corpor<span class=\"_ _1\"/>ate assets do not g<span class=\"_ _1\"/>enerate se<span class=\"_ _1\"/>parate cash infl<span class=\"_ _1\"/>ows and are utilised b<span class=\"_ _1\"/>y more than o<span class=\"_ _1\"/>ne cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>. Corpo<span class=\"_ _1\"/>rate assets are all<span class=\"_ _1\"/>ocated to c<span class=\"_ _1\"/>ash<span class=\"_ _6\"/>-gen<span class=\"_ _1\"/>erating units on a r<span class=\"_ _1\"/>easonable and consistent basis and tested fo<span class=\"_ _1\"/>r impairment as par<span class=\"_ _1\"/>t of the testing of th<span class=\"_ _1\"/>e cash gener<span class=\"_ _1\"/>ating units to whic<span class=\"_ _1\"/>h the corpo<span class=\"_ _1\"/>rate asset is allocate<span class=\"_ _1\"/>d.Impairm<span class=\"_ _1\"/>ent losses recognise<span class=\"_ _1\"/>d in prior p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>ds are review<span class=\"_ _1\"/>ed at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date for any indicatio<span class=\"_ _1\"/>ns that the loss has decr<span class=\"_ _1\"/>eased or no lo<span class=\"_ _1\"/>nger exist<span class=\"_ _1\"/>s. A<span class=\"_ _1\"/>n impairment loss is rever<span class=\"_ _1\"/>sed if ther<span class=\"_ _1\"/>e has been a chang<span class=\"_ _1\"/>e in the estimates used to d<span class=\"_ _1\"/>etermine th<span class=\"_ _1\"/>e recover<span class=\"_ _1\"/>able amount<span class=\"_ _1\"/>. An impairme<span class=\"_ _1\"/>nt loss is reverse<span class=\"_ _1\"/>d only to the ex<span class=\"_ _1\"/>tent that th<span class=\"_ _1\"/>e asset<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount do<span class=\"_ _1\"/>es not exceed t<span class=\"_ _1\"/>he carr<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g amount that would have b<span class=\"_ _1\"/>een deter<span class=\"_ _1\"/>mined, n<span class=\"_ _1\"/>et of depreciation or a<span class=\"_ _6\"/>mor<span class=\"_ _1\"/>tisa<span class=\"_ _7\"/>t<span class=\"_ _1\"/>ion, if<span class=\"_ _6\"/> no impai<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ment lo<span class=\"_ _6\"/>ss h<span class=\"_ _6\"/>ad been recognised.Impairm<span class=\"_ _1\"/>ent charges and reve<span class=\"_ _1\"/>rsal pe<span class=\"_ _1\"/>r asset categor<span class=\"_ _1\"/>y ar<span class=\"_ _1\"/>e stated as follo<span class=\"_ _1\"/>ws:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _45\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _11f\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>Impairment <span class=\"_ _122\"> </span><span class=\"ls201 ws20d\">R<span class=\"_ _1\"/>evers<span class=\"_ _1\"/>al<span class=\"_ _21\"> </span><span class=\"lsb3 wsbe\">Net<span class=\"_ _5a\"> </span></span></span>Impairment <span class=\"_ _12e\"> </span><span class=\"ls201 ws20d\">Reve<span class=\"_ _1\"/>rsal<span class=\"_ _21\"> </span><span class=\"lsb3 wsbe\">Net</span></span>Prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equi<span class=\"_ _1\"/>pment<span class=\"_ _1b5\"> </span>1,533<span class=\"_ _84\"> </span>(1<span class=\"_ _1\"/>67)<span class=\"_ _9f\"> </span>1,36<span class=\"_ _1\"/>6<span class=\"_ _7c\"> </span><span class=\"ff8 fc14\">2,7<span class=\"_ _1\"/>79<span class=\"_ _e3\"> </span>(4,753)<span class=\"_ _120\"> </span>(1,974)</span>Right of use asse<span class=\"_ _1\"/>ts-(35)<span class=\"_ _84\"> </span>(3<span class=\"_ _1\"/>5)<span class=\"_ _8e\"> </span><span class=\"ff8 fc14\">931</span>-931Ot<span class=\"_ _1\"/>her intan<span class=\"_ _1\"/>gible asset<span class=\"_ _1\"/>s<span class=\"_ _9f\"> </span><span class=\"ls2 ws2\">1,252</span>-1,252<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">1,6<span class=\"_ _1\"/>62</span>-1,662Ne<span class=\"_ _1\"/>t impa<span class=\"_ _1\"/>irme<span class=\"_ _1\"/>nt loss / (re<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>rs<span class=\"_ _1\"/>al<span class=\"_ _1\"/>)<span class=\"_ _1d9\"> </span>2,785<span class=\"_ _c0\"> </span>(202)<span class=\"_ _e5\"> </span>2,583<span class=\"_ _70\"> </span><span class=\"fc14\">5,372<span class=\"_ _111\"> </span>(4,753)<span class=\"_ _65\"> </span><span class=\"ls1ed ws1f2\">61<span class=\"_ _1\"/>9</span></span>The impair<span class=\"_ _1\"/>ment charge on P<span class=\"_ _1\"/>roper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipme<span class=\"_ _1\"/>nt includes an amount of EU<span class=\"_ _1\"/>R 1.<span class=\"_ _1\"/>3 million for a vesse<span class=\"_ _1\"/>l whose recover<span class=\"_ _1\"/>able amount was b<span class=\"_ _1\"/>elow th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>ying v<span class=\"_ _1\"/>alue and which w<span class=\"_ _1\"/>as sold in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. Furt<span class=\"_ _1\"/>hermo<span class=\"_ _1\"/>re, re<span class=\"_ _1\"/>cognised as impairment charg<span class=\"_ _1\"/>e on Ot<span class=\"_ _1\"/>her intangible asset<span class=\"_ _1\"/>s is EUR 1<span class=\"_ _1\"/>.3 million on<span class=\"_ _6\"/> Explor<span class=\"_ _1\"/>ation a<span class=\"_ _6\"/>nd Evaluation<span class=\"_ _6\"/> (E&amp;<span class=\"_ _1\"/>E) assets followi<span class=\"_ _6\"/>ng an u<span class=\"_ _6\"/>ns<span class=\"_ _6\"/>ucc<span class=\"_ _6\"/>essfu<span class=\"_ _6\"/>l drilling f<span class=\"_ _1\"/>or hydro<span class=\"_ _1\"/>carb<span class=\"_ _1\"/>ons.19.<span class=\"_ _1\"/> <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls1c0 ws1cd\">PROPERTY,<span class=\"_ _7\"/> PL<span class=\"_ _1\"/>ANT AND EQUIPM<span class=\"_ _1\"/>ENT</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _20e\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022</span>Fix<span class=\"_ _1\"/>ed ass<span class=\"_ _1\"/>ets L<span class=\"_ _1\"/>and an<span class=\"_ _1\"/>d Pla<span class=\"_ _1\"/>nt an<span class=\"_ _1\"/>d und<span class=\"_ _1\"/>er buildingsequipment<span class=\"_ _c0\"> </span><span class=\"ls19e ws19e\">Vessels</span>construc<span class=\"_ _1\"/>tion<span class=\"_ _1c9\"> </span>Othe<span class=\"_ _1\"/>r<span class=\"_ _60\"> </span><span class=\"ls1b5 ws1b9\">Total</span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y Cost<span class=\"_ _20f\"> </span><span class=\"ls2 ws2\">184,982<span class=\"_ _d0\"> </span>908,634<span class=\"_ _fa\"> </span>760,750<span class=\"_ _6e\"> </span>48,7<span class=\"_ _1\"/>16<span class=\"_ _c0\"> </span>141,568<span class=\"_ _17a\"> </span>2,0<span class=\"_ _1\"/>44,650</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _210\"> </span>(92,397)<span class=\"_ _f3\"> </span>(820,338)<span class=\"_ _f3\"> </span>(465,406)-(131,349)<span class=\"_ _12e\"> </span>(1,50<span class=\"_ _1\"/>9,490)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _211\"> </span><span class=\"ls2 ws2\">92,585<span class=\"_ _6f\"> </span>88,296<span class=\"_ _d0\"> </span>295,34<span class=\"_ _1\"/>4<span class=\"_ _a1\"> </span>4<span class=\"_ _1\"/>8,716<span class=\"_ _24\"> </span>10,219<span class=\"_ _fa\"> </span><span class=\"ls43 ws4b\">535,<span class=\"_ _7\"/>160</span></span>Change in c<span class=\"_ _6\"/>arr<span class=\"_ _1\"/>ying amount:Investmen<span class=\"_ _7\"/>t<span class=\"_ _1\"/>s<span class=\"_ _212\"> </span><span class=\"ls2 ws2\">1,579<span class=\"_ _24\"> </span>21,378<span class=\"_ _6e\"> </span>18,859<span class=\"_ _22\"> </span>76,918<span class=\"_ _5d\"> </span>4,365<span class=\"_ _fa\"> </span>123,0<span class=\"_ _1\"/>99</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ans<span class=\"_ _6\"/>fers from fixed asse<span class=\"_ _6\"/>ts under con<span class=\"_ _7\"/>str<span class=\"_ _1\"/>uction<span class=\"_ _213\"> </span><span class=\"ls2 ws2\">8,<span class=\"_ _6\"/>167<span class=\"_ _65\"> </span><span class=\"ls1e1 ws1e7\">30,4<span class=\"_ _1\"/>0<span class=\"_ _1\"/>5<span class=\"_ _1c9\"> </span></span>32,<span class=\"_ _6\"/>110<span class=\"_ _b4\"> </span>(<span class=\"_ _1\"/>71,25<span class=\"_ _1\"/>3)<span class=\"_ _e0\"> </span><span class=\"ls39 ws216\">571</span></span>-Depreciation<span class=\"_ _214\"> </span><span class=\"ls2 ws2\">(4,925)<span class=\"_ _17c\"> </span>(40,9<span class=\"_ _1\"/>07)<span class=\"_ _9f\"> </span>(39,46<span class=\"_ _1\"/>8)</span>-(5,311)<span class=\"_ _38\"> </span>(90,611)Impairment<span class=\"_ _6\"/> (loss<span class=\"_ _6\"/>) / reversal<span class=\"_ _215\"> </span><span class=\"ls2 ws2\">(198)</span>-(1,<span class=\"_ _6\"/>168)-<span class=\"_ _e3\"> </span>-(1,366)Disp<span class=\"_ _1\"/>osals <span class=\"_ _216\"> </span><span class=\"ls2 ws2\">(21,342)<span class=\"_ _70\"> </span>(320)<span class=\"_ _24\"> </span>(1,<span class=\"_ _6\"/>169)<span class=\"_ _87\"> </span>(326)<span class=\"_ _8e\"> </span>(30)<span class=\"_ _fa\"> </span>(2<span class=\"_ _1\"/>3,<span class=\"_ _7\"/>187<span class=\"_ _1\"/>)</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of move<span class=\"_ _1\"/>ment in for<span class=\"_ _1\"/>eign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _217\"> </span>2,865<span class=\"_ _e0\"> </span>808<span class=\"_ _61\"> </span>11,748<span class=\"_ _a3\"> </span><span class=\"ls87 ws3b\">89<span class=\"_ _f5\"> </span></span>124<span class=\"_ _22\"> </span>15,634T<span class=\"_ _6\"/>ransfe<span class=\"_ _1\"/>rs fro<span class=\"_ _1\"/>m / (<span class=\"_ _6\"/>to<span class=\"_ _6\"/>) assets c<span class=\"_ _1\"/>lassified as h<span class=\"_ _1\"/>eld for s<span class=\"_ _1\"/>ale<span class=\"_ _218\"> </span>(1,<span class=\"_ _6\"/>147)<span class=\"_ _d1\"> </span><span class=\"ls87 ws3b\">82<span class=\"_ _1\"/>3<span class=\"_ _87\"> </span></span>1,690-<span class=\"_ _e3\"> </span>-1,366T<span class=\"_ _6\"/>otal changes<span class=\"_ _219\"> </span><span class=\"ls2 ws2\">(15,001)<span class=\"_ _a1\"> </span>12,<span class=\"_ _7\"/>187<span class=\"_ _9b\"> </span>22,602<span class=\"_ _5d\"> </span>5,428<span class=\"_ _ae\"> </span>(281)<span class=\"_ _17b\"> </span>24,935</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er Cost<span class=\"_ _21a\"> </span><span class=\"ls2 ws2\">167<span class=\"_ _7\"/>,<span class=\"_ _6\"/>180<span class=\"_ _f9\"> </span>85<span class=\"_ _1\"/>8,575<span class=\"_ _39\"> </span>834,642<span class=\"_ _6e\"> </span>54,144<span class=\"_ _6f\"> </span>131,023<span class=\"_ _47\"> </span>2,0<span class=\"_ _1\"/>45,564</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _21b\"> </span>(89,596)<span class=\"_ _13\"> </span>(<span class=\"_ _1\"/>758,092)<span class=\"_ _13d\"> </span>(51<span class=\"_ _1\"/>6,696)-(121,085)<span class=\"_ _33\"> </span>(1,485,469)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _21c\"> </span>7<span class=\"_ _0\"/>7,<span class=\"_ _0\"/>5<span class=\"_ _0\"/>8<span class=\"_ _0\"/>4<span class=\"_ _f9\"> </span><span class=\"ls2 ws2\">10<span class=\"_ _1\"/>0,483<span class=\"_ _38\"> </span>317<span class=\"_ _7\"/>,946<span class=\"_ _84\"> </span>5<span class=\"_ _1\"/>4,<span class=\"_ _7\"/>14<span class=\"_ _1\"/>4<span class=\"_ _1c9\"> </span>9,938<span class=\"_ _3a\"> </span><span class=\"ls43 ws4b\">560,095</span></span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _21d\"> </span><span class=\"ff7 fs3 ls1dc ws1e2\">2021</span>Fix<span class=\"_ _1\"/>ed ass<span class=\"_ _1\"/>ets L<span class=\"_ _1\"/>and an<span class=\"_ _1\"/>d Pla<span class=\"_ _1\"/>nt an<span class=\"_ _1\"/>d und<span class=\"_ _1\"/>er buildingsequipment<span class=\"_ _c0\"> </span><span class=\"ls19e ws19e\">Vessels</span>construc<span class=\"_ _1\"/>tion<span class=\"_ _1c9\"> </span>Othe<span class=\"_ _1\"/>r<span class=\"_ _60\"> </span><span class=\"ls1b5 ws1b9\">Total</span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y Cost<span class=\"_ _140\"> </span><span class=\"ff8 fc14 ls2 ws2\">180,6<span class=\"_ _6\"/>13<span class=\"_ _d0\"> </span>896,854<span class=\"_ _c0\"> </span>76<span class=\"_ _6\"/>1,749<span class=\"_ _b4\"> </span>22,588<span class=\"_ _fa\"> </span>133,<span class=\"_ _6\"/>44<span class=\"_ _1\"/>8<span class=\"_ _12\"> </span>1,99<span class=\"_ _1\"/>5,252</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _21b\"> </span><span class=\"ff8 fc14\">(86,87<span class=\"_ _6\"/>4)<span class=\"_ _e5\"> </span>(807<span class=\"_ _3\"/>,391)<span class=\"_ _120\"> </span>(452,613)</span>-(125,331)<span class=\"_ _33\"> </span>(1,472,209)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _211\"> </span><span class=\"fc14 ls2 ws2\">93,7<span class=\"_ _1\"/>39<span class=\"_ _6f\"> </span><span class=\"ls87 ws3b\">89,4<span class=\"_ _1\"/>63<span class=\"_ _f9\"> </span></span>3<span class=\"_ _1\"/>09,<span class=\"_ _6\"/>136<span class=\"_ _b4\"> </span>22,5<span class=\"_ _1\"/>88<span class=\"_ _8d\"> </span>8,<span class=\"_ _7\"/>117<span class=\"_ _d0\"> </span>52<span class=\"_ _1\"/>3,043</span>Change in c<span class=\"_ _6\"/>arr<span class=\"_ _1\"/>ying amount:Investmen<span class=\"_ _7\"/>t<span class=\"_ _1\"/>s<span class=\"_ _21e\"> </span>376<span class=\"_ _22\"> </span><span class=\"ls2 ws2\">25,631<span class=\"_ _6b\"> </span><span class=\"ls1fd ws20a\">7,<span class=\"_ _1\"/>8<span class=\"_ _0\"/>1<span class=\"_ _1\"/>6<span class=\"_ _21f\"> </span></span>40,420<span class=\"_ _61\"> </span><span class=\"ls1e1 ws1e7\">5<span class=\"_ _1\"/>,4<span class=\"_ _1\"/>40<span class=\"_ _65\"> </span></span>7<span class=\"_ _1\"/>9,683</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ans<span class=\"_ _6\"/>fers from fixed asse<span class=\"_ _6\"/>ts under con<span class=\"_ _7\"/>str<span class=\"_ _1\"/>uction<span class=\"_ _ba\"> </span><span class=\"ff8 fc14 ls2 ws2\">1,631<span class=\"_ _21\"> </span>11,664<span class=\"_ _89\"> </span>1,678<span class=\"_ _5f\"> </span>(16,011)<span class=\"_ _21\"> </span>1,038</span>-Depreciation<span class=\"_ _220\"> </span><span class=\"ff8 fc14 ls2 ws2\">(4,890)<span class=\"_ _e3\"> </span>(39,089)<span class=\"_ _39\"> </span>(36,313)</span>-(4,772)<span class=\"_ _e3\"> </span>(85,0<span class=\"_ _1\"/>64)Impairment<span class=\"_ _6\"/> (loss<span class=\"_ _6\"/>) / rev<span class=\"_ _6\"/>ersal<span class=\"_ _215\"> </span><span class=\"ff8 fc14 ls2 ws2\">(185)<span class=\"_ _22\"> </span>(1,<span class=\"_ _6\"/>185)<span class=\"_ _84\"> </span>3,34<span class=\"_ _1\"/>4</span>-<span class=\"_ _e3\"> </span>-1,974Disp<span class=\"_ _1\"/>osals<span class=\"_ _221\"> </span><span class=\"ff8 fc14 ls2 ws2\">(2,046)<span class=\"_ _87\"> </span>(526)<span class=\"_ _6f\"> </span>(1,80<span class=\"_ _1\"/>4)<span class=\"_ _89\"> </span>(16<span class=\"_ _1\"/>6)<span class=\"_ _8e\"> </span>(<span class=\"_ _1\"/>78)<span class=\"_ _37\"> </span>(4,620)</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of move<span class=\"_ _1\"/>ment in for<span class=\"_ _1\"/>eign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _222\"> </span><span class=\"ff8 fc14\">3,960<span class=\"_ _89\"> </span>3,413<span class=\"_ _84\"> </span>12,904<span class=\"_ _87\"> </span>1,885<span class=\"_ _b2\"> </span>478<span class=\"_ _9b\"> </span>22,640</span>T<span class=\"_ _6\"/>ransfe<span class=\"_ _1\"/>rs fro<span class=\"_ _1\"/>m / (<span class=\"_ _6\"/>to<span class=\"_ _6\"/>) assets c<span class=\"_ _1\"/>lassified as h<span class=\"_ _1\"/>eld for s<span class=\"_ _1\"/>ale-(1,075)<span class=\"_ _22\"> </span>(1,417)-(4)<span class=\"_ _c0\"> </span><span class=\"ls2 ws2\">(2,496)</span>T<span class=\"_ _6\"/>otal changes<span class=\"_ _223\"> </span><span class=\"fc14 ls2 ws2\">(1,<span class=\"_ _6\"/>154)<span class=\"_ _6e\"> </span>(1,167)<span class=\"_ _39\"> </span>(13,792)<span class=\"_ _37\"> </span>26,128<span class=\"_ _87\"> </span>2,102<span class=\"_ _7c\"> </span>12,117</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er Cost<span class=\"_ _224\"> </span><span class=\"ff8 fc14 ls2 ws2\">184,982<span class=\"_ _3a\"> </span>908,63<span class=\"_ _1\"/>4<span class=\"_ _f9\"> </span>760,750<span class=\"_ _5f\"> </span>48,7<span class=\"_ _1\"/>16<span class=\"_ _37\"> </span>141,56<span class=\"_ _1\"/>8<span class=\"_ _175\"> </span>2,04<span class=\"_ _1\"/>4,650</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _225\"> </span><span class=\"ff8 fc14\">(92,397)<span class=\"_ _e4\"> </span>(820,338)<span class=\"_ _e4\"> </span>(465,406)</span>-(131,349)<span class=\"_ _122\"> </span>(1,509,490)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _211\"> </span><span class=\"fc14 ls2 ws2\">92,585<span class=\"_ _6f\"> </span>88,296<span class=\"_ _d0\"> </span>295,34<span class=\"_ _1\"/>4<span class=\"_ _a1\"> </span>4<span class=\"_ _1\"/>8,716<span class=\"_ _24\"> </span>10,219<span class=\"_ _fa\"> </span><span class=\"ls43 ws4b\">535,<span class=\"_ _7\"/>160</span></span>L<span class=\"_ _1\"/>ast year<span class=\"_ _6\"/>, Fugro announ<span class=\"_ _1\"/>ced its net ze<span class=\"_ _1\"/>ro carbo<span class=\"_ _1\"/>n emissions commitment by 20<span class=\"_ _1\"/>3<span class=\"_ _1\"/>5 (<span class=\"fc14\">note 36</span>). The mar<span class=\"_ _1\"/>itime sec<span class=\"_ _1\"/>tor will fa<span class=\"_ _1\"/>ce more challenging custo<span class=\"_ _1\"/>mer nee<span class=\"_ _1\"/>ds and tighter re<span class=\"_ _1\"/>gulations with resp<span class=\"_ _1\"/>ect to v<span class=\"_ _1\"/>essel emissions and maritim<span class=\"_ _1\"/>e fuels in the fo<span class=\"_ _1\"/>reseeabl<span class=\"_ _1\"/>e future. I<span class=\"_ _1\"/>t follows that the asset cate<span class=\"_ _1\"/>gor<span class=\"_ _1\"/>y vessels is most ex<span class=\"_ _1\"/>posed to t<span class=\"_ _1\"/>he inherent risk of impairm<span class=\"_ _1\"/>ent from climate-related mat<span class=\"_ _1\"/>ter<span class=\"_ _1\"/>s than the othe<span class=\"_ _1\"/>r categor<span class=\"_ _1\"/>ies. T<span class=\"_ _1\"/>he Group assesse<span class=\"_ _1\"/>d whether t<span class=\"_ _1\"/>hese develo<span class=\"_ _1\"/>pments sho<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ten the curre<span class=\"_ _1\"/>nt estimates of vessel useful lives and tr<span class=\"_ _1\"/>igger s<span class=\"_ _1\"/>o-calle<span class=\"_ _1\"/>d str<span class=\"_ _1\"/>anded asset<span class=\"_ _1\"/>s. No impa<span class=\"_ _1\"/>ct on usef<span class=\"_ _1\"/>ul lives or trig<span class=\"_ _1\"/>gering eve<span class=\"_ _1\"/>nts for impair<span class=\"_ _1\"/>ment were identif<span class=\"_ _1\"/>ied. I<span class=\"_ _1\"/>t is fur<span class=\"_ _1\"/>therm<span class=\"_ _1\"/>ore noted t<span class=\"_ _1\"/>hat Fugro\u2019s vessels are used glob<span class=\"_ _1\"/>ally across all sec<span class=\"_ _1\"/>tors<span class=\"_ _1\"/>, and that time<span class=\"_ _1\"/>ly capital e<span class=\"_ _1\"/>xpendit<span class=\"_ _1\"/>ures will be made w<span class=\"_ _1\"/>ithin the nex<span class=\"_ _1\"/>t de<span class=\"_ _1\"/>cade.21<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls11c ws3e\">INT<span class=\"_ _7\"/>ANGIBLE<span class=\"_ _7\"/> ASSETS<span class=\"_ _6\"/> INCL<span class=\"_ _6\"/>UDING<span class=\"_ _7\"/> GOOD<span class=\"_ _6\"/>WILL</span>For g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill, and intangible asset<span class=\"_ _1\"/>s that have indef<span class=\"_ _1\"/>inite useful lives or that are not yet available fo<span class=\"_ _1\"/>r use, the re<span class=\"_ _1\"/>coverable am<span class=\"_ _1\"/>ount is estimated each year at t<span class=\"_ _1\"/>he same time<span class=\"_ _1\"/>. An impair<span class=\"_ _1\"/>ment loss is recognise<span class=\"_ _1\"/>d if the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of an asset or its r<span class=\"_ _1\"/>elated cash-gene<span class=\"_ _1\"/>rating unit excee<span class=\"_ _1\"/>ds its estimate<span class=\"_ _1\"/>d recovera<span class=\"_ _1\"/>ble amount. I<span class=\"_ _1\"/>mpairment losses ar<span class=\"_ _1\"/>e recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss. Impairm<span class=\"_ _1\"/>ent losses recognise<span class=\"_ _1\"/>d in respec<span class=\"_ _1\"/>t of cash-gene<span class=\"_ _1\"/>rating units are all<span class=\"_ _1\"/>ocated f<span class=\"_ _1\"/>irst to re<span class=\"_ _1\"/>duce the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of any goo<span class=\"_ _1\"/>dwill alloc<span class=\"_ _1\"/>ated to the cash-gene<span class=\"_ _1\"/>rating unit (or group of cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) and t<span class=\"_ _1\"/>hen to redu<span class=\"_ _1\"/>ce the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the oth<span class=\"_ _1\"/>er assets in the c<span class=\"_ _1\"/>ash-gener<span class=\"_ _1\"/>ating unit (<span class=\"_ _6\"/>or group of cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) on a p<span class=\"_ _1\"/>ro rata b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s.Subjec<span class=\"_ _1\"/>t to an ope<span class=\"_ _1\"/>rating se<span class=\"_ _1\"/>gment ceiling test, f<span class=\"_ _1\"/>or the pur<span class=\"_ _1\"/>poses of goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt testing<span class=\"_ _1\"/>, C<span class=\"_ _6\"/>GUs to which g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill has been allo<span class=\"_ _1\"/>cated, are a<span class=\"_ _1\"/>ggregate<span class=\"_ _1\"/>d so that the leve<span class=\"_ _1\"/>l at which impair<span class=\"_ _1\"/>ment testing is per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>med ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ts t<span class=\"_ _1\"/>he lowest l<span class=\"_ _1\"/>evel at which go<span class=\"_ _1\"/>odwill is monitored for i<span class=\"_ _6\"/>nterna<span class=\"_ _6\"/>l repor<span class=\"_ _1\"/>ting pu<span class=\"_ _7\"/>r<span class=\"_ _1\"/>poses.An impair<span class=\"_ _1\"/>ment loss in respe<span class=\"_ _1\"/>ct of go<span class=\"_ _1\"/>odwill is not rever<span class=\"_ _1\"/>sed. I<span class=\"_ _1\"/>n respec<span class=\"_ _1\"/>t of other asset<span class=\"_ _1\"/>s, impairme<span class=\"_ _1\"/>nt losses recognised in p<span class=\"_ _1\"/>rior pe<span class=\"_ _1\"/>riods are re<span class=\"_ _1\"/>viewe<span class=\"_ _1\"/>d at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date for any indicatio<span class=\"_ _1\"/>ns that the loss has decr<span class=\"_ _1\"/>eased or no lo<span class=\"_ _1\"/>nger exist<span class=\"_ _1\"/>s. F<span class=\"_ _1\"/>or these oth<span class=\"_ _1\"/>er assets<span class=\"_ _1\"/>, an <span class=\"_ _8\"/> impairme<span class=\"_ _1\"/>nt loss is reversed if t<span class=\"_ _1\"/>here has be<span class=\"_ _1\"/>en a change in the es<span class=\"_ _1\"/>timates used to determ<span class=\"_ _1\"/>ine the recover<span class=\"_ _1\"/>able amo<span class=\"_ _1\"/>unt. An impair<span class=\"_ _1\"/>ment loss is revers<span class=\"_ _1\"/>ed only to th<span class=\"_ _1\"/>e exte<span class=\"_ _1\"/>nt that the asset<span class=\"_ _1\"/>\u2019s carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount does n<span class=\"_ _1\"/>ot exceed the c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying am<span class=\"_ _1\"/>ount that would have been determined, net of depr<span class=\"_ _6\"/>eciation or amortisation, if<span class=\"_ _6\"/> no impa<span class=\"_ _6\"/>irment lo<span class=\"_ _6\"/>ss had<span class=\"_ _6\"/> been rec<span class=\"_ _6\"/>ogn<span class=\"_ _6\"/>is<span class=\"_ _7\"/>ed.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _22c\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _22d\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>E&amp;<span class=\"_ _1\"/>E (<span class=\"_ _1\"/>Fin<span class=\"_ _1\"/>de<span class=\"_ _1\"/>r/E&amp;<span class=\"_ _1\"/>E (<span class=\"_ _1\"/>Fin<span class=\"_ _1\"/>de<span class=\"_ _1\"/>r/Good<span class=\"_ _1\"/>will Th<span class=\"_ _1\"/>ei<span class=\"_ _1\"/>a) <span class=\"_ _36\"> </span><span class=\"ls2 ws2\">S<span class=\"_ _1\"/>of<span class=\"_ _1\"/>t<span class=\"_ _1\"/>war<span class=\"_ _1\"/>e <span class=\"_ _22\"> </span>Oth<span class=\"_ _1\"/>er <span class=\"_ _87\"> </span><span class=\"ls1b5 ws1b9\">Total<span class=\"_ _111\"> </span><span class=\"ls19e ws19e\">Go<span class=\"_ _1\"/>odwill </span></span></span>Th<span class=\"_ _1\"/>ei<span class=\"_ _1\"/>a) <span class=\"_ _36\"> </span><span class=\"ls2 ws2\">S<span class=\"_ _1\"/>of<span class=\"_ _1\"/>t<span class=\"_ _1\"/>war<span class=\"_ _1\"/>e <span class=\"_ _22\"> </span>Oth<span class=\"_ _1\"/>er <span class=\"_ _87\"> </span><span class=\"ls1b5 ws1b9\">Total</span></span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y Cost<span class=\"_ _22e\"> </span>587<span class=\"_ _7\"/>,<span class=\"_ _6\"/>188<span class=\"_ _65\"> </span>38,459<span class=\"_ _21\"> </span>17<span class=\"_ _7\"/>,0<span class=\"_ _1\"/>07<span class=\"_ _65\"> </span>25,964<span class=\"_ _17b\"> </span>668,618<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">560,467<span class=\"_ _6e\"> </span>3<span class=\"_ _1\"/>5,621<span class=\"_ _6e\"> </span>22,514<span class=\"_ _22\"> </span>31,874<span class=\"_ _39\"> </span>65<span class=\"_ _1\"/>0,47<span class=\"_ _6\"/>6</span>Accumulated amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation and impairm<span class=\"_ _1\"/>ent<span class=\"_ _4b\"> </span>(317<span class=\"_ _7\"/>,672)<span class=\"_ _d0\"> </span>(20,766)<span class=\"_ _2b\"> </span>(1<span class=\"_ _1\"/>6,909)<span class=\"_ _d0\"> </span>(2<span class=\"_ _1\"/>3,432)<span class=\"_ _10b\"> </span>(378,7<span class=\"_ _1\"/>79)<span class=\"_ _36\"> </span><span class=\"ff8 fc14\">(302,818)<span class=\"_ _86\"> </span>(18,467)<span class=\"_ _d0\"> </span>(22,237<span class=\"_ _1\"/>)<span class=\"_ _9f\"> </span>(29,663)<span class=\"_ _e5\"> </span>(373,185)</span>Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _128\"> </span>26<span class=\"_ _6\"/>9,516<span class=\"_ _24\"> </span>17<span class=\"_ _7\"/>,693<span class=\"_ _22f\"> </span>98<span class=\"_ _5d\"> </span>2,532<span class=\"_ _d0\"> </span>289,839<span class=\"_ _86\"> </span><span class=\"fc14\">25<span class=\"_ _1\"/>7<span class=\"_ _7\"/>,649<span class=\"_ _61\"> </span>17<span class=\"_ _7\"/>,154<span class=\"_ _b1\"> </span><span class=\"ls43 ws4b\">277<span class=\"_ _60\"> </span></span>2,<span class=\"_ _1\"/>211<span class=\"_ _f2\"> </span><span class=\"ls43 ws4b\">27<span class=\"_ _1\"/>7<span class=\"_ _3\"/>,291</span></span>Change in c<span class=\"_ _6\"/>arr<span class=\"_ _1\"/>ying amount:Purc<span class=\"_ _1\"/>hase of intangib<span class=\"_ _1\"/>le asset<span class=\"_ _1\"/>s-<span class=\"_ _e3\"> </span>-927<span class=\"_ _b2\"> </span><span class=\"ls1f1 ws1f5\">305<span class=\"_ _89\"> </span></span>1,2<span class=\"_ _1\"/>32-<span class=\"_ _e3\"> </span>-22<span class=\"_ _df\"> </span><span class=\"ls87 ws3b\">69<span class=\"_ _1\"/>6<span class=\"_ _e\"> </span></span>7<span class=\"_ _1\"/>18Other additions-1,245-<span class=\"_ _e3\"> </span>-1,245-1,648-<span class=\"_ _e3\"> </span>-1,648Amor<span class=\"_ _1\"/>tisation-<span class=\"_ _e3\"> </span>-(123)<span class=\"_ _60\"> </span>(412)<span class=\"_ _87\"> </span>(535)-<span class=\"_ _e3\"> </span>-(90)<span class=\"_ _70\"> </span><span class=\"ls87 ws3b\">(4<span class=\"_ _1\"/>67<span class=\"_ _1\"/>)<span class=\"_ _87\"> </span></span>(55<span class=\"_ _1\"/>7)Impairme<span class=\"_ _1\"/>nt-(1,252)-<span class=\"_ _e3\"> </span>-(1,252)-(1,662)-<span class=\"_ _e3\"> </span>-(1,662)Disp<span class=\"_ _1\"/>osals-(70<span class=\"_ _1\"/>0)-(2)<span class=\"_ _87\"> </span>(<span class=\"_ _1\"/>702)-<span class=\"_ _e3\"> </span>-(120)<span class=\"_ _1b\"> </span>(9)<span class=\"_ _6b\"> </span>(129)Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of movement<span class=\"_ _1\"/>s in foreign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _1b7\"> </span>2,962<span class=\"_ _fc\"> </span>21<span class=\"_ _ed\"> </span><span class=\"ls43 ws4b\">(27)<span class=\"_ _d2\"> </span></span>(34)<span class=\"_ _22\"> </span>2,922<span class=\"_ _20\"> </span><span class=\"ff8 fc14\">11,867<span class=\"_ _b2\"> </span><span class=\"ls43 ws4b\">553<span class=\"_ _99\"> </span></span>9<span class=\"_ _1b\"> </span>101<span class=\"_ _5f\"> </span>12,530</span>T<span class=\"_ _7\"/>otal changes<span class=\"_ _230\"> </span>2,962<span class=\"_ _6b\"> </span>(6<span class=\"_ _1\"/>86)<span class=\"_ _1a\"> </span><span class=\"ls161 ws16e\">777<span class=\"_ _1a\"> </span></span>(143)<span class=\"_ _24\"> </span>2,910<span class=\"_ _21\"> </span><span class=\"fc14\">11,867<span class=\"_ _231\"> </span>539<span class=\"_ _8e\"> </span>(17<span class=\"_ _1\"/>9)<span class=\"_ _ae\"> </span>321<span class=\"_ _84\"> </span>12,54<span class=\"_ _1\"/>8</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er Cost<span class=\"_ _232\"> </span>595,172<span class=\"_ _5f\"> </span>38,<span class=\"_ _6\"/>198<span class=\"_ _5d\"> </span>9,663<span class=\"_ _84\"> </span>12,04<span class=\"_ _1\"/>8<span class=\"_ _fa\"> </span>65<span class=\"_ _1\"/>5,081<span class=\"_ _b3\"> </span><span class=\"ff8 fc14\">5<span class=\"_ _1\"/>87<span class=\"_ _3\"/>,188<span class=\"_ _9b\"> </span>38,459<span class=\"_ _21\"> </span>17<span class=\"_ _7\"/>,007<span class=\"_ _65\"> </span>25,964<span class=\"_ _f9\"> </span>668,618</span>Accumulated amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation and impairm<span class=\"_ _1\"/>ent<span class=\"_ _1d3\"> </span>(322,694)<span class=\"_ _9b\"> </span>(21,<span class=\"_ _6\"/>191)<span class=\"_ _6f\"> </span>(8,788)<span class=\"_ _6f\"> </span>(9,659)<span class=\"_ _12\"> </span>(362,332)<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">(317<span class=\"_ _7\"/>,672)<span class=\"_ _17c\"> </span>(20,766)<span class=\"_ _2b\"> </span>(16,90<span class=\"_ _1\"/>9)<span class=\"_ _17c\"> </span>(2<span class=\"_ _1\"/>3,<span class=\"_ _6\"/>432)<span class=\"_ _36\"> </span>(378,7<span class=\"_ _1\"/>79)</span>Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _233\"> </span>272,478<span class=\"_ _24\"> </span>17<span class=\"_ _7\"/>,007<span class=\"_ _b2\"> </span>875<span class=\"_ _61\"> </span>2,389<span class=\"_ _86\"> </span>292,749<span class=\"_ _17b\"> </span><span class=\"fc14\">269,516<span class=\"_ _22\"> </span>17<span class=\"_ _7\"/>,693<span class=\"_ _22f\"> </span>98<span class=\"_ _73\"> </span>2,532<span class=\"_ _d0\"> </span>289,839</span>Impairme<span class=\"_ _1\"/>nt testing for cash-generating unit<span class=\"_ _1\"/>s containing goodwillThe re<span class=\"_ _1\"/>coverable a<span class=\"_ _1\"/>mounts of the c<span class=\"_ _1\"/>ash-gener<span class=\"_ _1\"/>ating units have b<span class=\"_ _1\"/>een deter<span class=\"_ _1\"/>mined base<span class=\"_ _1\"/>d on value in use cal<span class=\"_ _1\"/>culations. Value in use was dete<span class=\"_ _1\"/>rmined by discounting th<span class=\"_ _1\"/>e expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d future cash flo<span class=\"_ _1\"/>ws from th<span class=\"_ _1\"/>e continuing use of the CGU\u2019s. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Cash f<span class=\"_ _1\"/>lows in the f<span class=\"_ _1\"/>irst year of th<span class=\"_ _1\"/>e forec<span class=\"_ _1\"/>ast are based on manag<span class=\"_ _1\"/>ement<span class=\"_ _1\"/>\u2019s approved financial b<span class=\"_ _1\"/>udget<span class=\"_ _1\"/>. For all CGU<span class=\"_ _1\"/>\u2019s, the 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>3 proje<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ons fac<span class=\"_ _1\"/>tor in, amon<span class=\"_ _1\"/>gst other<span class=\"_ _1\"/>s, already signed contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>ts, e<span class=\"_ _1\"/>xpec<span class=\"_ _1\"/>ted win r<span class=\"_ _1\"/>ates on contra<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s out for bid<span class=\"_ _1\"/>, expe<span class=\"_ _1\"/>cted c<span class=\"_ _1\"/>rew and vessel utili<span class=\"_ _7\"/>sation rates and/<span class=\"_ _6\"/>or indu<span class=\"_ _6\"/>str<span class=\"_ _1\"/>y developmen<span class=\"_ _6\"/>ts. Cash flows for the C<span class=\"_ _7\"/>G<span class=\"_ _1\"/>U\u2019s beyond one year are ex<span class=\"_ _1\"/>tr<span class=\"_ _1\"/>apolated using an est<span class=\"_ _1\"/>imated grow<span class=\"_ _1\"/>th rate b<span class=\"_ _1\"/>ased on exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted market develo<span class=\"_ _1\"/>pments<span class=\"_ _1\"/>, taking into account str<span class=\"_ _1\"/>ategic plans of the comp<span class=\"_ _1\"/>any and current market condi<span class=\"_ _6\"/>tions. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Cash f<span class=\"_ _1\"/>lows for t<span class=\"_ _1\"/>he C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>\u2019s beyond f<span class=\"_ _1\"/>ive years ar<span class=\"_ _1\"/>e ext<span class=\"_ _1\"/>rapo<span class=\"_ _1\"/>lated using an estimated long-term gr<span class=\"_ _1\"/>owt<span class=\"_ _1\"/>h rate of 2<span class=\"_ _1\"/>.1% (20<span class=\"_ _1\"/>21: 0<span class=\"_ _1\"/>.<span class=\"_ _1\"/>0%). For t<span class=\"_ _1\"/>he C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>\u2019s the grow<span class=\"_ _1\"/>th r<span class=\"_ _1\"/>ates are based on an analysis of the l<span class=\"_ _1\"/>ong-term market pr<span class=\"_ _1\"/>ice trends in rele<span class=\"_ _1\"/>vant industries a<span class=\"_ _1\"/>djusted for actual experience. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Any est<span class=\"_ _1\"/>imated future cash inf<span class=\"_ _1\"/>lows / out<span class=\"_ _1\"/>flo<span class=\"_ _1\"/>ws expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d to arise from f<span class=\"_ _1\"/>uture restr<span class=\"_ _1\"/>uctur<span class=\"_ _1\"/>ing, if any, are exclude<span class=\"_ _1\"/>d from the c<span class=\"_ _1\"/>alculations, unle<span class=\"_ _1\"/>ss already commit<span class=\"_ _1\"/>ted to. This also applies to a larg<span class=\"_ _1\"/>e exte<span class=\"_ _1\"/>nt to transformat<span class=\"_ _1\"/>ion capit<span class=\"_ _1\"/>al expen<span class=\"_ _1\"/>ditures and the resulting impac<span class=\"_ _1\"/>t on cash inflow<span class=\"_ _1\"/>s.  <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>The pr<span class=\"_ _1\"/>e-tax discount rate used to discount the p<span class=\"_ _1\"/>re-tax cash f<span class=\"_ _1\"/>lows for imp<span class=\"_ _1\"/>airment testing pur<span class=\"_ _1\"/>poses is determin<span class=\"_ _1\"/>ed throu<span class=\"_ _1\"/>gh an iterative c<span class=\"_ _1\"/>alculation using the pr<span class=\"_ _1\"/>ojec<span class=\"_ _1\"/>ted post-tax cash fl<span class=\"_ _1\"/>ows, ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted t<span class=\"_ _1\"/>ax rate for t<span class=\"_ _1\"/>he respe<span class=\"_ _1\"/>ctive c<span class=\"_ _1\"/>ash gener<span class=\"_ _1\"/>ating units and a post-tax discount rate for th<span class=\"_ _1\"/>e Group.The key assumptions use<span class=\"_ _1\"/>d in the annual goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt test at the 3<span class=\"_ _1\"/>0 Septemb<span class=\"_ _1\"/>er measurement date we<span class=\"_ _1\"/>re as follows:Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th ra<span class=\"_ _1\"/>te  Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th ra<span class=\"_ _1\"/>te  Pre-tax <span class=\"ls2 ws2\"> </span>Long-term <span class=\"ls2 ws2\"> </span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)first yearlong-term discount<span class=\"_ _6\"/> rate E<span class=\"_ _1\"/>BI<span class=\"_ _1\"/>T marg<span class=\"_ _1\"/>in %2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span>Europe-Afr<span class=\"_ _1\"/>ica<span class=\"_ _17a\"> </span><span class=\"ff8 ls2 ws2\">13.1<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span><span class=\"ff4 fc14\">9.3<span class=\"_ _0\"/>%<span class=\"_ _e5\"> </span></span><span class=\"ls1df ws1e5\">2<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"ff4 fc14\">0.0<span class=\"_ _0\"/>%<span class=\"_ _145\"> </span></span>11.7<span class=\"_ _0\"/>%<span class=\"_ _13\"> </span><span class=\"ff4 fc14\">9.9<span class=\"_ _0\"/>%<span class=\"_ _e4\"> </span></span>10.1<span class=\"_ _1\"/>%<span class=\"_ _e4\"> </span><span class=\"ff4 fc14\">10.1<span class=\"_ _1\"/>%</span></span>Americas<span class=\"_ _7c\"> </span><span class=\"ff8 ls2 ws2\">10.3<span class=\"_ _0\"/>%<span class=\"_ _111\"> </span></span>5<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _a0\"> </span><span class=\"ff8 fc2\">2.1<span class=\"_ _4\"/>%<span class=\"_ _13\"> </span></span>0.0<span class=\"_ _1\"/>%<span class=\"_ _e4\"> </span><span class=\"ff8 fc2\">11.9<span class=\"_ _0\"/>%<span class=\"_ _13\"> </span></span>9.8<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span><span class=\"ff8 fc2\">9.9<span class=\"_ _0\"/>%<span class=\"_ _120\"> </span></span><span class=\"ls1fd ws20a\">7.<span class=\"_ _0\"/>3<span class=\"_ _4\"> </span>%</span>A<span class=\"_ _1\"/>sia Pac<span class=\"_ _1\"/>ific<span class=\"_ _c0\"> </span><span class=\"ff8 ls1fd ws20a\">2<span class=\"_ _0\"/>7.<span class=\"_ _0\"/>7<span class=\"_ _4\"> </span>%<span class=\"_ _17f\"> </span></span><span class=\"fc14 ls2 ws2\">(1.9<span class=\"_ _1\"/>%)<span class=\"_ _111\"> </span></span><span class=\"ff8 ls1df ws1e5\">2<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"fc14 ls2 ws2\">0.0<span class=\"_ _1\"/>%<span class=\"_ _145\"> </span><span class=\"ff8 fc2\">11.6<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span></span>9.5<span class=\"_ _0\"/>%<span class=\"_ _e5\"> </span></span><span class=\"ff8 ls1df ws1e5\">8.1<span class=\"_ _0\"/>%<span class=\"_ _36\"> </span></span><span class=\"fc14 ls2 ws2\">6.0<span class=\"_ _1\"/>%</span>Middl<span class=\"_ _1\"/>e East &amp; India<span class=\"_ _12a\"> </span>15.1<span class=\"_ _1\"/>%<span class=\"_ _35\"> </span><span class=\"ff4 fc14\">28.6<span class=\"_ _1\"/>%<span class=\"_ _111\"> </span></span><span class=\"ls1df ws1e5\">2.1<span class=\"_ _4\"> </span>%<span class=\"_ _13\"> </span></span><span class=\"ff4 fc14\">0.0<span class=\"_ _1\"/>%<span class=\"_ _9\"> </span></span>12.9<span class=\"_ _1\"/>%<span class=\"_ _15\"> </span><span class=\"ff4 fc14\">10.9<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"ls1e1 ws1e7\">9.4<span class=\"_ _0\"/>%<span class=\"_ _111\"> </span></span><span class=\"fc14 ls1df ws1e5\">9<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%</span>Climate-related mat<span class=\"_ _1\"/>ter<span class=\"_ _1\"/>s were ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ted in thes<span class=\"_ _1\"/>e ass<span class=\"_ _6\"/>umptions as follo<span class=\"_ _1\"/>ws: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Assumpti<span class=\"_ _1\"/>ons on market devel<span class=\"_ _1\"/>opment<span class=\"_ _1\"/>s for the market s<span class=\"_ _1\"/>egment<span class=\"_ _1\"/>s in which Fugro ope<span class=\"_ _1\"/>rates, inclu<span class=\"_ _1\"/>ding high grow<span class=\"_ _1\"/>th in the re<span class=\"_ _1\"/>newabl<span class=\"_ _1\"/>es market segme<span class=\"_ _1\"/>nt compared to in par<span class=\"_ _1\"/>ticular oil and g<span class=\"_ _1\"/>as. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Capit<span class=\"_ _1\"/>al expe<span class=\"_ _1\"/>nditures to dec<span class=\"_ _1\"/>arbonise t<span class=\"_ _1\"/>he vessel f<span class=\"_ _1\"/>leet by 2<span class=\"_ _1\"/>03<span class=\"_ _1\"/>5<span class=\"_ _1\"/>, howeve<span class=\"_ _1\"/>r only insofar these qualif<span class=\"_ _1\"/>y fo<span class=\"_ _1\"/>r inclusion in the valu<span class=\"_ _1\"/>e in use calculation. C<span class=\"_ _1\"/>apital ex<span class=\"_ _1\"/>penditur<span class=\"_ _1\"/>es that improve the ve<span class=\"_ _1\"/>ssel\u2019s per<span class=\"_ _1\"/>forman<span class=\"_ _1\"/>ce are excluded in v<span class=\"_ _1\"/>alue in use calculations<span class=\"_ _1\"/>. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>T<span class=\"_ _6\"/>erminal v<span class=\"_ _1\"/>alue grow<span class=\"_ _1\"/>th rates are c<span class=\"_ _1\"/>apped at t<span class=\"_ _1\"/>he risk<span class=\"_ _6\"/>-free r<span class=\"_ _1\"/>ate. No fur<span class=\"_ _1\"/>th<span class=\"_ _1\"/>er adjustment in long ter<span class=\"_ _1\"/>m grow<span class=\"_ _1\"/>th rates f<span class=\"_ _1\"/>or the ene<span class=\"_ _1\"/>rgy tra<span class=\"_ _1\"/>nsition from th<span class=\"_ _1\"/>e fossil fuel se<span class=\"_ _1\"/>ctor to th<span class=\"_ _1\"/>e renewable energy sector was deemed necessa<span class=\"_ _6\"/>r<span class=\"_ _1\"/>y and there<span class=\"_ _6\"/>fore not c<span class=\"_ _6\"/>ons<span class=\"_ _6\"/>idered to ha<span class=\"_ _6\"/>ve a material impa<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>.The inc<span class=\"_ _1\"/>rease in discount rate from 2<span class=\"_ _1\"/>021 to 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 is mainly drive<span class=\"_ _1\"/>n by a higher equit<span class=\"_ _1\"/>y mar<span class=\"_ _1\"/>ket risk premium and r<span class=\"_ _1\"/>isk<span class=\"_ _7\"/>-fre<span class=\"_ _1\"/>e rate.The g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill sensitivit<span class=\"_ _1\"/>y analysis of each CGU as at the me<span class=\"_ _1\"/>as<span class=\"_ _6\"/>urement date w<span class=\"_ _1\"/>as as follows:Cha<span class=\"_ _1\"/>nge r<span class=\"_ _1\"/>equ<span class=\"_ _1\"/>ire<span class=\"_ _1\"/>d in eac<span class=\"_ _1\"/>h key ass<span class=\"_ _1\"/>ump<span class=\"_ _1\"/>tion  (E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)fo<span class=\"_ _1\"/>r head<span class=\"_ _1\"/>roo<span class=\"_ _1\"/>m to eq<span class=\"_ _1\"/>ual ze<span class=\"_ _1\"/>roGr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th Pre-tax Long-term  ra<span class=\"_ _1\"/>te ra<span class=\"_ _1\"/>te  discount EBITHeadroo<span class=\"_ _1\"/>mfirst yearlong-termratemar<span class=\"_ _1\"/>gin %Europe-Afr<span class=\"_ _1\"/>ica<span class=\"_ _1d8\"> </span><span class=\"ls2 ws2\">49<span class=\"_ _1\"/>4,<span class=\"_ _6\"/>406<span class=\"_ _145\"> </span>(33.0<span class=\"_ _1\"/>%)<span class=\"_ _175\"> </span>(10,4<span class=\"_ _1\"/>%)<span class=\"_ _d0\"> </span><span class=\"ls1fd ws20a\">7.<span class=\"_ _0\"/>8<span class=\"_ _4\"> </span>%<span class=\"_ _a0\"> </span></span>(11.6<span class=\"_ _1\"/>%)</span>Americas<span class=\"_ _238\"> </span><span class=\"ls2 ws2\">331,272<span class=\"_ _f3\"> </span>(38.7<span class=\"_ _0\"/>%)<span class=\"_ _175\"> </span>(16.3<span class=\"_ _0\"/>%)<span class=\"_ _17c\"> </span>11.<span class=\"_ _6\"/>1<span class=\"_ _1\"/>%<span class=\"_ _e3\"> </span>(9.8<span class=\"_ _0\"/>%)</span>A<span class=\"_ _1\"/>sia Pac<span class=\"_ _1\"/>ific<span class=\"_ _a4\"> </span><span class=\"ls2 ws2\">136,939<span class=\"_ _145\"> </span>(24.6<span class=\"_ _1\"/>%)<span class=\"_ _120\"> </span>(5.7<span class=\"_ _0\"/>%)<span class=\"_ _17c\"> </span>4.7<span class=\"_ _0\"/>%<span class=\"_ _9f\"> </span>(5.8<span class=\"_ _0\"/>%)</span>Middl<span class=\"_ _1\"/>e East &amp; India<span class=\"_ _1f8\"> </span>57<span class=\"_ _3\"/>,944<span class=\"_ _120\"> </span>(17<span class=\"_ _7\"/>.8<span class=\"_ _0\"/>%)<span class=\"_ _10b\"> </span>(3.6<span class=\"_ _1\"/>%)<span class=\"_ _39\"> </span>3<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _39\"> </span><span class=\"ls1fd ws20a\">(<span class=\"_ _0\"/>7.<span class=\"_ _1\"/>4<span class=\"_ _4\"> </span>%<span class=\"_ _0\"/>)</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1\"/> <span class=\"_ _1fd\"> </span><span class=\"ls2 ws2\">1,020,5<span class=\"_ _1\"/>61</span>T<span class=\"_ _6\"/>otal hea<span class=\"_ _1\"/>droom incre<span class=\"_ _1\"/>ased significa<span class=\"_ _1\"/>ntly from EU<span class=\"_ _1\"/>R 619 million in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1 to EUR 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>21 million in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2. T<span class=\"_ _1\"/>he changes be<span class=\"_ _1\"/>yond those in th<span class=\"_ _1\"/>e above tabl<span class=\"_ _1\"/>e to ass<span class=\"_ _6\"/>umptions used in t<span class=\"_ _1\"/>he goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt test would, in isolati<span class=\"_ _1\"/>on, lead to an imp<span class=\"_ _1\"/>airment loss be<span class=\"_ _1\"/>ing recognise<span class=\"_ _1\"/>d.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-59-6": {
   "value": "15<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls1ef ws47\">IMP<span class=\"_ _6\"/>AIRMENTS OF<span class=\"_ _7\"/> NON<span class=\"_\"> </span><span class=\"lsf7 ws3d\">FINANCIAL ASSETS</span></span>Intangibl<span class=\"_ _1\"/>e assets that have an indef<span class=\"_ _1\"/>inite useful life or intangibl<span class=\"_ _1\"/>e assets not read<span class=\"_ _1\"/>y for use are not subjec<span class=\"_ _1\"/>t to amor<span class=\"_ _1\"/>tisati<span class=\"_ _1\"/>on and are tested a<span class=\"_ _1\"/>nnually for impairme<span class=\"_ _1\"/>nt. Ot<span class=\"_ _1\"/>her non-financial asset<span class=\"_ _1\"/>s that are subjec<span class=\"_ _1\"/>t to depre<span class=\"_ _1\"/>ciation and amo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tisation are rev<span class=\"_ _1\"/>iewed f<span class=\"_ _1\"/>or impairme<span class=\"_ _1\"/>nt whenever eve<span class=\"_ _1\"/>nts or chang<span class=\"_ _1\"/>es in circumstances indicate that th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>ying amount may not b<span class=\"_ _1\"/>e recoverab<span class=\"_ _1\"/>le. The c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unts of the Gr<span class=\"_ _1\"/>oup\u2019s non-<span class=\"_ _6\"/>financial asset<span class=\"_ _1\"/>s other t<span class=\"_ _1\"/>han assets arising from employe<span class=\"_ _1\"/>e benef<span class=\"_ _1\"/>its an<span class=\"_ _1\"/>d deferre<span class=\"_ _1\"/>d tax asset<span class=\"_ _1\"/>s, are re<span class=\"_ _1\"/>viewe<span class=\"_ _1\"/>d at each repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ting date to determ<span class=\"_ _1\"/>ine whethe<span class=\"_ _1\"/>r there is any indicat<span class=\"_ _1\"/>ion of impairment<span class=\"_ _1\"/>. If any such indicati<span class=\"_ _1\"/>on exists<span class=\"_ _1\"/>, then t<span class=\"_ _1\"/>he asset<span class=\"_ _1\"/>\u2019s recoverable am<span class=\"_ _1\"/>ount is estimated. The re<span class=\"_ _1\"/>coverable a<span class=\"_ _1\"/>mount of an asset or cash-gener<span class=\"_ _1\"/>ating unit (C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>) is the higher of it<span class=\"_ _1\"/>s value in use and it<span class=\"_ _1\"/>s fair v<span class=\"_ _1\"/>alue less costs of disposal. I<span class=\"_ _1\"/>n assessi<span class=\"_ _6\"/>ng valu<span class=\"_ _1\"/>e in use, the estimated f<span class=\"_ _1\"/>uture cash fl<span class=\"_ _1\"/>ows are discounted to the<span class=\"_ _1\"/>ir present value using a pre<span class=\"_ _1\"/>-tax discount rate that ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ts curr<span class=\"_ _1\"/>ent market assessments of th<span class=\"_ _1\"/>e time value of mo<span class=\"_ _1\"/>ney and the r<span class=\"_ _1\"/>isks specif<span class=\"_ _1\"/>ic to the asset or cash-ge<span class=\"_ _1\"/>nerat<span class=\"_ _1\"/>ing unit. F<span class=\"_ _1\"/>or the purp<span class=\"_ _1\"/>ose of impairment testing<span class=\"_ _1\"/>, assets that cannot b<span class=\"_ _1\"/>e tested indiv<span class=\"_ _1\"/>idually are group<span class=\"_ _1\"/>ed tog<span class=\"_ _1\"/>ether into the smallest group of assets t<span class=\"_ _1\"/>hat gener<span class=\"_ _1\"/>ates cash inflows f<span class=\"_ _1\"/>rom continuing use that are largel<span class=\"_ _1\"/>y independent o<span class=\"_ _6\"/>f the cas<span class=\"_ _6\"/>h in<span class=\"_ _6\"/>flows of other a<span class=\"_ _6\"/>ssets or cas<span class=\"_ _7\"/>h-gener<span class=\"_ _1\"/>atin<span class=\"_ _6\"/>g unit. The G<span class=\"_ _1\"/>roup\u2019s corpor<span class=\"_ _1\"/>ate assets do not g<span class=\"_ _1\"/>enerate se<span class=\"_ _1\"/>parate cash infl<span class=\"_ _1\"/>ows and are utilised b<span class=\"_ _1\"/>y more than o<span class=\"_ _1\"/>ne cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>. Corpo<span class=\"_ _1\"/>rate assets are all<span class=\"_ _1\"/>ocated to c<span class=\"_ _1\"/>ash<span class=\"_ _6\"/>-gen<span class=\"_ _1\"/>erating units on a r<span class=\"_ _1\"/>easonable and consistent basis and tested fo<span class=\"_ _1\"/>r impairment as par<span class=\"_ _1\"/>t of the testing of th<span class=\"_ _1\"/>e cash gener<span class=\"_ _1\"/>ating units to whic<span class=\"_ _1\"/>h the corpo<span class=\"_ _1\"/>rate asset is allocate<span class=\"_ _1\"/>d.Impairm<span class=\"_ _1\"/>ent losses recognise<span class=\"_ _1\"/>d in prior p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>ds are review<span class=\"_ _1\"/>ed at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date for any indicatio<span class=\"_ _1\"/>ns that the loss has decr<span class=\"_ _1\"/>eased or no lo<span class=\"_ _1\"/>nger exist<span class=\"_ _1\"/>s. A<span class=\"_ _1\"/>n impairment loss is rever<span class=\"_ _1\"/>sed if ther<span class=\"_ _1\"/>e has been a chang<span class=\"_ _1\"/>e in the estimates used to d<span class=\"_ _1\"/>etermine th<span class=\"_ _1\"/>e recover<span class=\"_ _1\"/>able amount<span class=\"_ _1\"/>. An impairme<span class=\"_ _1\"/>nt loss is reverse<span class=\"_ _1\"/>d only to the ex<span class=\"_ _1\"/>tent that th<span class=\"_ _1\"/>e asset<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount do<span class=\"_ _1\"/>es not exceed t<span class=\"_ _1\"/>he carr<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g amount that would have b<span class=\"_ _1\"/>een deter<span class=\"_ _1\"/>mined, n<span class=\"_ _1\"/>et of depreciation or a<span class=\"_ _6\"/>mor<span class=\"_ _1\"/>tisa<span class=\"_ _7\"/>t<span class=\"_ _1\"/>ion, if<span class=\"_ _6\"/> no impai<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ment lo<span class=\"_ _6\"/>ss h<span class=\"_ _6\"/>ad been recognised.Impairm<span class=\"_ _1\"/>ent charges and reve<span class=\"_ _1\"/>rsal pe<span class=\"_ _1\"/>r asset categor<span class=\"_ _1\"/>y ar<span class=\"_ _1\"/>e stated as follo<span class=\"_ _1\"/>ws:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _45\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _11f\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>Impairment <span class=\"_ _122\"> </span><span class=\"ls201 ws20d\">R<span class=\"_ _1\"/>evers<span class=\"_ _1\"/>al<span class=\"_ _21\"> </span><span class=\"lsb3 wsbe\">Net<span class=\"_ _5a\"> </span></span></span>Impairment <span class=\"_ _12e\"> </span><span class=\"ls201 ws20d\">Reve<span class=\"_ _1\"/>rsal<span class=\"_ _21\"> </span><span class=\"lsb3 wsbe\">Net</span></span>Prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equi<span class=\"_ _1\"/>pment<span class=\"_ _1b5\"> </span>1,533<span class=\"_ _84\"> </span>(1<span class=\"_ _1\"/>67)<span class=\"_ _9f\"> </span>1,36<span class=\"_ _1\"/>6<span class=\"_ _7c\"> </span><span class=\"ff8 fc14\">2,7<span class=\"_ _1\"/>79<span class=\"_ _e3\"> </span>(4,753)<span class=\"_ _120\"> </span>(1,974)</span>Right of use asse<span class=\"_ _1\"/>ts-(35)<span class=\"_ _84\"> </span>(3<span class=\"_ _1\"/>5)<span class=\"_ _8e\"> </span><span class=\"ff8 fc14\">931</span>-931Ot<span class=\"_ _1\"/>her intan<span class=\"_ _1\"/>gible asset<span class=\"_ _1\"/>s<span class=\"_ _9f\"> </span><span class=\"ls2 ws2\">1,252</span>-1,252<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">1,6<span class=\"_ _1\"/>62</span>-1,662Ne<span class=\"_ _1\"/>t impa<span class=\"_ _1\"/>irme<span class=\"_ _1\"/>nt loss / (re<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>rs<span class=\"_ _1\"/>al<span class=\"_ _1\"/>)<span class=\"_ _1d9\"> </span>2,785<span class=\"_ _c0\"> </span>(202)<span class=\"_ _e5\"> </span>2,583<span class=\"_ _70\"> </span><span class=\"fc14\">5,372<span class=\"_ _111\"> </span>(4,753)<span class=\"_ _65\"> </span><span class=\"ls1ed ws1f2\">61<span class=\"_ _1\"/>9</span></span>The impair<span class=\"_ _1\"/>ment charge on P<span class=\"_ _1\"/>roper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipme<span class=\"_ _1\"/>nt includes an amount of EU<span class=\"_ _1\"/>R 1.<span class=\"_ _1\"/>3 million for a vesse<span class=\"_ _1\"/>l whose recover<span class=\"_ _1\"/>able amount was b<span class=\"_ _1\"/>elow th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>ying v<span class=\"_ _1\"/>alue and which w<span class=\"_ _1\"/>as sold in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. Furt<span class=\"_ _1\"/>hermo<span class=\"_ _1\"/>re, re<span class=\"_ _1\"/>cognised as impairment charg<span class=\"_ _1\"/>e on Ot<span class=\"_ _1\"/>her intangible asset<span class=\"_ _1\"/>s is EUR 1<span class=\"_ _1\"/>.3 million on<span class=\"_ _6\"/> Explor<span class=\"_ _1\"/>ation a<span class=\"_ _6\"/>nd Evaluation<span class=\"_ _6\"/> (E&amp;<span class=\"_ _1\"/>E) assets followi<span class=\"_ _6\"/>ng an u<span class=\"_ _6\"/>ns<span class=\"_ _6\"/>ucc<span class=\"_ _6\"/>essfu<span class=\"_ _6\"/>l drilling f<span class=\"_ _1\"/>or hydro<span class=\"_ _1\"/>carb<span class=\"_ _1\"/>ons.19.<span class=\"_ _1\"/> <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls1c0 ws1cd\">PROPERTY,<span class=\"_ _7\"/> PL<span class=\"_ _1\"/>ANT AND EQUIPM<span class=\"_ _1\"/>ENT</span>Items of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment are measure<span class=\"_ _1\"/>d at co<span class=\"_ _6\"/>st less accumulated depre<span class=\"_ _1\"/>ciation and a<span class=\"_ _1\"/>ccumulated impairment losses<span class=\"_ _1\"/>. The cost of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and equipme<span class=\"_ _1\"/>nt includes exp<span class=\"_ _1\"/>enditure that is direc<span class=\"_ _1\"/>tly at<span class=\"_ _1\"/>tribut<span class=\"_ _1\"/>able to the a<span class=\"_ _1\"/>cqui<span class=\"_ _6\"/>sition of th<span class=\"_ _1\"/>e asset. T<span class=\"_ _1\"/>he cost of self-construc<span class=\"_ _1\"/>ted assets inclu<span class=\"_ _1\"/>des the costs of mater<span class=\"_ _1\"/>ials and direc<span class=\"_ _1\"/>t labour, any other costs dir<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>ly att<span class=\"_ _1\"/>ributable to b<span class=\"_ _1\"/>ringing the asset<span class=\"_ _1\"/>s to a work<span class=\"_ _1\"/>ing condition for th<span class=\"_ _1\"/>eir intended use<span class=\"_ _1\"/>, the costs of dismantling and rem<span class=\"_ _1\"/>oving the items and r<span class=\"_ _1\"/>estoring the site on whi<span class=\"_ _1\"/>ch they are lo<span class=\"_ _1\"/>cated and c<span class=\"_ _1\"/>apitalised b<span class=\"_ _1\"/>orrow<span class=\"_ _1\"/>ing costs. P<span class=\"_ _1\"/>urchased sof<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ware that is integral to t<span class=\"_ _1\"/>he func<span class=\"_ _1\"/>tionalit<span class=\"_ _1\"/>y of the r<span class=\"_ _1\"/>elated equipme<span class=\"_ _1\"/>nt is capitalised as par<span class=\"_ _1\"/>t of that equi<span class=\"_ _1\"/>pment<span class=\"_ _1\"/>.Prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and equipm<span class=\"_ _1\"/>ent that is being constr<span class=\"_ _1\"/>ucte<span class=\"_ _1\"/>d or develo<span class=\"_ _1\"/>ped fo<span class=\"_ _1\"/>r future use is classified as pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment und<span class=\"_ _1\"/>er construc<span class=\"_ _1\"/>tion an<span class=\"_ _1\"/>d stated at cost until construc<span class=\"_ _1\"/>tion o<span class=\"_ _1\"/>r develop<span class=\"_ _1\"/>ment is complete, at which t<span class=\"_ _1\"/>ime it is reclassifie<span class=\"_ _1\"/>d as land and buildings, pla<span class=\"_ _1\"/>nt and equipment<span class=\"_ _1\"/>, vessels (including jac<span class=\"_ _1\"/>k<span class=\"_ _7\"/>-ups) or other pro<span class=\"_ _1\"/>per<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipm<span class=\"_ _1\"/>ent. Pro<span class=\"_ _1\"/>per<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment is reco<span class=\"_ _1\"/>gnised from t<span class=\"_ _1\"/>he point in time when t<span class=\"_ _1\"/>he Group obt<span class=\"_ _1\"/>ains control. Any (<span class=\"_ _1\"/>pre-)payment<span class=\"_ _1\"/>s made bef<span class=\"_ _1\"/>ore that po<span class=\"_ _1\"/>int in time are classifie<span class=\"_ _1\"/>d as other long-ter<span class=\"_ _1\"/>m asset. Wh<span class=\"_ _1\"/>en par<span class=\"_ _1\"/>ts of an item of pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipme<span class=\"_ _1\"/>nt have different usef<span class=\"_ _1\"/>ul lives, the<span class=\"_ _1\"/>y are accounted for as separ<span class=\"_ _1\"/>ate items (ma<span class=\"_ _6\"/>jor compon<span class=\"_ _1\"/>ents<span class=\"_ _6\"/>) of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and equipme<span class=\"_ _1\"/>nt. The g<span class=\"_ _1\"/>ain or loss on disposal of an item of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>ty, plant and e<span class=\"_ _1\"/>quipment is determine<span class=\"_ _1\"/>d by comparing th<span class=\"_ _1\"/>e procee<span class=\"_ _1\"/>ds from disposal with th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g amount of the prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, plant and equipm<span class=\"_ _1\"/>ent, and is recognise<span class=\"_ _1\"/>d net within \u2018other incom<span class=\"_ _1\"/>e\u2019 or \u2018other exp<span class=\"_ _1\"/>enses\u2019 in profit or l<span class=\"_ _1\"/>oss. Subseque<span class=\"_ _1\"/>nt co<span class=\"_ _6\"/>sts ar<span class=\"_ _1\"/>e included in th<span class=\"_ _1\"/>e asset<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount or reco<span class=\"_ _1\"/>gnised as a separ<span class=\"_ _1\"/>ate asset, as appro<span class=\"_ _1\"/>priate, onl<span class=\"_ _1\"/>y when it is prob<span class=\"_ _1\"/>able that future e<span class=\"_ _1\"/>conomic b<span class=\"_ _1\"/>enefit<span class=\"_ _1\"/>s associated w<span class=\"_ _1\"/>ith the item will f<span class=\"_ _1\"/>low to th<span class=\"_ _1\"/>e group and the cost of th<span class=\"_ _1\"/>e item can be me<span class=\"_ _1\"/>asu<span class=\"_ _6\"/>red reliably. The c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt of any c<span class=\"_ _6\"/>ompo<span class=\"_ _1\"/>nent accounted for as a separ<span class=\"_ _1\"/>ate asset is dere<span class=\"_ _1\"/>cognised whe<span class=\"_ _1\"/>n replaced<span class=\"_ _1\"/>. All other r<span class=\"_ _1\"/>epairs and maintenance are char<span class=\"_ _1\"/>ged to prof<span class=\"_ _1\"/>it or loss during th<span class=\"_ _1\"/>e repor<span class=\"_ _1\"/>ting p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d in which the<span class=\"_ _1\"/>y are incurred<span class=\"_ _1\"/>.Dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n is based on the cost of an asset less it<span class=\"_ _1\"/>s residual value<span class=\"_ _1\"/>. Significant compon<span class=\"_ _1\"/>ents of individual asset<span class=\"_ _1\"/>s are assessed and if a comp<span class=\"_ _1\"/>onent has a useful life that is diffe<span class=\"_ _1\"/>rent from th<span class=\"_ _1\"/>e remainder of that asset<span class=\"_ _1\"/>, that compon<span class=\"_ _1\"/>ent is depreciate<span class=\"_ _1\"/>d separ<span class=\"_ _1\"/>ately. Dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n is recognised in prof<span class=\"_ _1\"/>it or loss on a str<span class=\"_ _1\"/>aight-<span class=\"_ _6\"/>line basis over the estimate<span class=\"_ _1\"/>d useful lives of each comp<span class=\"_ _1\"/>onent of an item of pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment<span class=\"_ _1\"/>. Dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n methods<span class=\"_ _1\"/>, useful lives and residual v<span class=\"_ _1\"/>alues are revi<span class=\"_ _1\"/>ewed at ea<span class=\"_ _1\"/>ch repor<span class=\"_ _1\"/>ting date and adjusted if app<span class=\"_ _1\"/>ropriate. T<span class=\"_ _1\"/>he estimated usef<span class=\"_ _1\"/>ul lives for the cur<span class=\"_ _1\"/>rent and comparat<span class=\"_ _1\"/>ive peri<span class=\"_ _1\"/>od of signific<span class=\"_ _1\"/>ant items of proper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipme<span class=\"_ _1\"/>nt are as follows:Refer to <span class=\"fc14\">no<span class=\"_ _1\"/>te 15</span> Impair<span class=\"_ _1\"/>ments of no<span class=\"_ _1\"/>n-<span class=\"_ _6\"/>financial asset<span class=\"_ _1\"/>s for mor<span class=\"_ _1\"/>e details on Fugro\u2019s approa<span class=\"_ _1\"/>ch to impairment of it<span class=\"_ _1\"/>s proper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipm<span class=\"_ _1\"/>ent.Category<span class=\"_ _13f\"> </span><span class=\"ff2 fs36 ls208 ws214\">Yea<span class=\"_ _1\"/>r<span class=\"_ _1\"/>s</span>L<span class=\"_ _1\"/>and<span class=\"_ _20c\"> </span><span class=\"ls2 ws2\">Infinite</span>Buildings <span class=\"_ _20d\"> </span>20 \u2013 40Plant and e<span class=\"_ _1\"/>quipment inc<span class=\"_ _1\"/>luding ROVs<span class=\"_ _1\"/>, USVs, a<span class=\"_ _1\"/>erial vehi<span class=\"_ _1\"/>cles, e<span class=\"_ _1\"/>tc.<span class=\"_ _1a8\"> </span>3 \u2013 10Vessels including ja<span class=\"_ _1\"/>ck-up platfor<span class=\"_ _1\"/>ms<span class=\"_ _1bb\"> </span>2 \u2013 25Other<span class=\"_ _71\"> </span><span class=\"ls2 ws2\">1 \u2013 5</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _20e\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022</span>Fix<span class=\"_ _1\"/>ed ass<span class=\"_ _1\"/>ets L<span class=\"_ _1\"/>and an<span class=\"_ _1\"/>d Pla<span class=\"_ _1\"/>nt an<span class=\"_ _1\"/>d und<span class=\"_ _1\"/>er buildingsequipment<span class=\"_ _c0\"> </span><span class=\"ls19e ws19e\">Vessels</span>construc<span class=\"_ _1\"/>tion<span class=\"_ _1c9\"> </span>Othe<span class=\"_ _1\"/>r<span class=\"_ _60\"> </span><span class=\"ls1b5 ws1b9\">Total</span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y Cost<span class=\"_ _20f\"> </span><span class=\"ls2 ws2\">184,982<span class=\"_ _d0\"> </span>908,634<span class=\"_ _fa\"> </span>760,750<span class=\"_ _6e\"> </span>48,7<span class=\"_ _1\"/>16<span class=\"_ _c0\"> </span>141,568<span class=\"_ _17a\"> </span>2,0<span class=\"_ _1\"/>44,650</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _210\"> </span>(92,397)<span class=\"_ _f3\"> </span>(820,338)<span class=\"_ _f3\"> </span>(465,406)-(131,349)<span class=\"_ _12e\"> </span>(1,50<span class=\"_ _1\"/>9,490)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _211\"> </span><span class=\"ls2 ws2\">92,585<span class=\"_ _6f\"> </span>88,296<span class=\"_ _d0\"> </span>295,34<span class=\"_ _1\"/>4<span class=\"_ _a1\"> </span>4<span class=\"_ _1\"/>8,716<span class=\"_ _24\"> </span>10,219<span class=\"_ _fa\"> </span><span class=\"ls43 ws4b\">535,<span class=\"_ _7\"/>160</span></span>Change in c<span class=\"_ _6\"/>arr<span class=\"_ _1\"/>ying amount:Investmen<span class=\"_ _7\"/>t<span class=\"_ _1\"/>s<span class=\"_ _212\"> </span><span class=\"ls2 ws2\">1,579<span class=\"_ _24\"> </span>21,378<span class=\"_ _6e\"> </span>18,859<span class=\"_ _22\"> </span>76,918<span class=\"_ _5d\"> </span>4,365<span class=\"_ _fa\"> </span>123,0<span class=\"_ _1\"/>99</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ans<span class=\"_ _6\"/>fers from fixed asse<span class=\"_ _6\"/>ts under con<span class=\"_ _7\"/>str<span class=\"_ _1\"/>uction<span class=\"_ _213\"> </span><span class=\"ls2 ws2\">8,<span class=\"_ _6\"/>167<span class=\"_ _65\"> </span><span class=\"ls1e1 ws1e7\">30,4<span class=\"_ _1\"/>0<span class=\"_ _1\"/>5<span class=\"_ _1c9\"> </span></span>32,<span class=\"_ _6\"/>110<span class=\"_ _b4\"> </span>(<span class=\"_ _1\"/>71,25<span class=\"_ _1\"/>3)<span class=\"_ _e0\"> </span><span class=\"ls39 ws216\">571</span></span>-Depreciation<span class=\"_ _214\"> </span><span class=\"ls2 ws2\">(4,925)<span class=\"_ _17c\"> </span>(40,9<span class=\"_ _1\"/>07)<span class=\"_ _9f\"> </span>(39,46<span class=\"_ _1\"/>8)</span>-(5,311)<span class=\"_ _38\"> </span>(90,611)Impairment<span class=\"_ _6\"/> (loss<span class=\"_ _6\"/>) / reversal<span class=\"_ _215\"> </span><span class=\"ls2 ws2\">(198)</span>-(1,<span class=\"_ _6\"/>168)-<span class=\"_ _e3\"> </span>-(1,366)Disp<span class=\"_ _1\"/>osals <span class=\"_ _216\"> </span><span class=\"ls2 ws2\">(21,342)<span class=\"_ _70\"> </span>(320)<span class=\"_ _24\"> </span>(1,<span class=\"_ _6\"/>169)<span class=\"_ _87\"> </span>(326)<span class=\"_ _8e\"> </span>(30)<span class=\"_ _fa\"> </span>(2<span class=\"_ _1\"/>3,<span class=\"_ _7\"/>187<span class=\"_ _1\"/>)</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of move<span class=\"_ _1\"/>ment in for<span class=\"_ _1\"/>eign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _217\"> </span>2,865<span class=\"_ _e0\"> </span>808<span class=\"_ _61\"> </span>11,748<span class=\"_ _a3\"> </span><span class=\"ls87 ws3b\">89<span class=\"_ _f5\"> </span></span>124<span class=\"_ _22\"> </span>15,634T<span class=\"_ _6\"/>ransfe<span class=\"_ _1\"/>rs fro<span class=\"_ _1\"/>m / (<span class=\"_ _6\"/>to<span class=\"_ _6\"/>) assets c<span class=\"_ _1\"/>lassified as h<span class=\"_ _1\"/>eld for s<span class=\"_ _1\"/>ale<span class=\"_ _218\"> </span>(1,<span class=\"_ _6\"/>147)<span class=\"_ _d1\"> </span><span class=\"ls87 ws3b\">82<span class=\"_ _1\"/>3<span class=\"_ _87\"> </span></span>1,690-<span class=\"_ _e3\"> </span>-1,366T<span class=\"_ _6\"/>otal changes<span class=\"_ _219\"> </span><span class=\"ls2 ws2\">(15,001)<span class=\"_ _a1\"> </span>12,<span class=\"_ _7\"/>187<span class=\"_ _9b\"> </span>22,602<span class=\"_ _5d\"> </span>5,428<span class=\"_ _ae\"> </span>(281)<span class=\"_ _17b\"> </span>24,935</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er Cost<span class=\"_ _21a\"> </span><span class=\"ls2 ws2\">167<span class=\"_ _7\"/>,<span class=\"_ _6\"/>180<span class=\"_ _f9\"> </span>85<span class=\"_ _1\"/>8,575<span class=\"_ _39\"> </span>834,642<span class=\"_ _6e\"> </span>54,144<span class=\"_ _6f\"> </span>131,023<span class=\"_ _47\"> </span>2,0<span class=\"_ _1\"/>45,564</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _21b\"> </span>(89,596)<span class=\"_ _13\"> </span>(<span class=\"_ _1\"/>758,092)<span class=\"_ _13d\"> </span>(51<span class=\"_ _1\"/>6,696)-(121,085)<span class=\"_ _33\"> </span>(1,485,469)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _21c\"> </span>7<span class=\"_ _0\"/>7,<span class=\"_ _0\"/>5<span class=\"_ _0\"/>8<span class=\"_ _0\"/>4<span class=\"_ _f9\"> </span><span class=\"ls2 ws2\">10<span class=\"_ _1\"/>0,483<span class=\"_ _38\"> </span>317<span class=\"_ _7\"/>,946<span class=\"_ _84\"> </span>5<span class=\"_ _1\"/>4,<span class=\"_ _7\"/>14<span class=\"_ _1\"/>4<span class=\"_ _1c9\"> </span>9,938<span class=\"_ _3a\"> </span><span class=\"ls43 ws4b\">560,095</span></span>Disposal<span class=\"_ _7\"/>s include a sale<span class=\"_ _6\"/> and leas<span class=\"_ _6\"/>eback transaction for the Nootdorp propert<span class=\"_ _1\"/>y in the Neth<span class=\"_ _1\"/>erlands<span class=\"_ _1\"/>. Refer to <span class=\"fc14\">note 2<span class=\"_ _1\"/>0</span> Leases<span class=\"_ _1\"/>. A reclassificat<span class=\"_ _1\"/>ion adjustment of EU<span class=\"_ _1\"/>R 83<span class=\"_ _1\"/>.<span class=\"_ _1\"/>8 million was recorde<span class=\"_ _1\"/>d at 31 De<span class=\"_ _1\"/>cember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 in Cost and A<span class=\"_ _1\"/>ccumu<span class=\"_ _6\"/>lated dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n for assets pr<span class=\"_ _1\"/>eviously di<span class=\"_ _7\"/>sposed<span class=\"_ _6\"/>.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _21d\"> </span><span class=\"ff7 fs3 ls1dc ws1e2\">2021</span>Fix<span class=\"_ _1\"/>ed ass<span class=\"_ _1\"/>ets L<span class=\"_ _1\"/>and an<span class=\"_ _1\"/>d Pla<span class=\"_ _1\"/>nt an<span class=\"_ _1\"/>d und<span class=\"_ _1\"/>er buildingsequipment<span class=\"_ _c0\"> </span><span class=\"ls19e ws19e\">Vessels</span>construc<span class=\"_ _1\"/>tion<span class=\"_ _1c9\"> </span>Othe<span class=\"_ _1\"/>r<span class=\"_ _60\"> </span><span class=\"ls1b5 ws1b9\">Total</span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y Cost<span class=\"_ _140\"> </span><span class=\"ff8 fc14 ls2 ws2\">180,6<span class=\"_ _6\"/>13<span class=\"_ _d0\"> </span>896,854<span class=\"_ _c0\"> </span>76<span class=\"_ _6\"/>1,749<span class=\"_ _b4\"> </span>22,588<span class=\"_ _fa\"> </span>133,<span class=\"_ _6\"/>44<span class=\"_ _1\"/>8<span class=\"_ _12\"> </span>1,99<span class=\"_ _1\"/>5,252</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _21b\"> </span><span class=\"ff8 fc14\">(86,87<span class=\"_ _6\"/>4)<span class=\"_ _e5\"> </span>(807<span class=\"_ _3\"/>,391)<span class=\"_ _120\"> </span>(452,613)</span>-(125,331)<span class=\"_ _33\"> </span>(1,472,209)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _211\"> </span><span class=\"fc14 ls2 ws2\">93,7<span class=\"_ _1\"/>39<span class=\"_ _6f\"> </span><span class=\"ls87 ws3b\">89,4<span class=\"_ _1\"/>63<span class=\"_ _f9\"> </span></span>3<span class=\"_ _1\"/>09,<span class=\"_ _6\"/>136<span class=\"_ _b4\"> </span>22,5<span class=\"_ _1\"/>88<span class=\"_ _8d\"> </span>8,<span class=\"_ _7\"/>117<span class=\"_ _d0\"> </span>52<span class=\"_ _1\"/>3,043</span>Change in c<span class=\"_ _6\"/>arr<span class=\"_ _1\"/>ying amount:Investmen<span class=\"_ _7\"/>t<span class=\"_ _1\"/>s<span class=\"_ _21e\"> </span>376<span class=\"_ _22\"> </span><span class=\"ls2 ws2\">25,631<span class=\"_ _6b\"> </span><span class=\"ls1fd ws20a\">7,<span class=\"_ _1\"/>8<span class=\"_ _0\"/>1<span class=\"_ _1\"/>6<span class=\"_ _21f\"> </span></span>40,420<span class=\"_ _61\"> </span><span class=\"ls1e1 ws1e7\">5<span class=\"_ _1\"/>,4<span class=\"_ _1\"/>40<span class=\"_ _65\"> </span></span>7<span class=\"_ _1\"/>9,683</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ans<span class=\"_ _6\"/>fers from fixed asse<span class=\"_ _6\"/>ts under con<span class=\"_ _7\"/>str<span class=\"_ _1\"/>uction<span class=\"_ _ba\"> </span><span class=\"ff8 fc14 ls2 ws2\">1,631<span class=\"_ _21\"> </span>11,664<span class=\"_ _89\"> </span>1,678<span class=\"_ _5f\"> </span>(16,011)<span class=\"_ _21\"> </span>1,038</span>-Depreciation<span class=\"_ _220\"> </span><span class=\"ff8 fc14 ls2 ws2\">(4,890)<span class=\"_ _e3\"> </span>(39,089)<span class=\"_ _39\"> </span>(36,313)</span>-(4,772)<span class=\"_ _e3\"> </span>(85,0<span class=\"_ _1\"/>64)Impairment<span class=\"_ _6\"/> (loss<span class=\"_ _6\"/>) / rev<span class=\"_ _6\"/>ersal<span class=\"_ _215\"> </span><span class=\"ff8 fc14 ls2 ws2\">(185)<span class=\"_ _22\"> </span>(1,<span class=\"_ _6\"/>185)<span class=\"_ _84\"> </span>3,34<span class=\"_ _1\"/>4</span>-<span class=\"_ _e3\"> </span>-1,974Disp<span class=\"_ _1\"/>osals<span class=\"_ _221\"> </span><span class=\"ff8 fc14 ls2 ws2\">(2,046)<span class=\"_ _87\"> </span>(526)<span class=\"_ _6f\"> </span>(1,80<span class=\"_ _1\"/>4)<span class=\"_ _89\"> </span>(16<span class=\"_ _1\"/>6)<span class=\"_ _8e\"> </span>(<span class=\"_ _1\"/>78)<span class=\"_ _37\"> </span>(4,620)</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of move<span class=\"_ _1\"/>ment in for<span class=\"_ _1\"/>eign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _222\"> </span><span class=\"ff8 fc14\">3,960<span class=\"_ _89\"> </span>3,413<span class=\"_ _84\"> </span>12,904<span class=\"_ _87\"> </span>1,885<span class=\"_ _b2\"> </span>478<span class=\"_ _9b\"> </span>22,640</span>T<span class=\"_ _6\"/>ransfe<span class=\"_ _1\"/>rs fro<span class=\"_ _1\"/>m / (<span class=\"_ _6\"/>to<span class=\"_ _6\"/>) assets c<span class=\"_ _1\"/>lassified as h<span class=\"_ _1\"/>eld for s<span class=\"_ _1\"/>ale-(1,075)<span class=\"_ _22\"> </span>(1,417)-(4)<span class=\"_ _c0\"> </span><span class=\"ls2 ws2\">(2,496)</span>T<span class=\"_ _6\"/>otal changes<span class=\"_ _223\"> </span><span class=\"fc14 ls2 ws2\">(1,<span class=\"_ _6\"/>154)<span class=\"_ _6e\"> </span>(1,167)<span class=\"_ _39\"> </span>(13,792)<span class=\"_ _37\"> </span>26,128<span class=\"_ _87\"> </span>2,102<span class=\"_ _7c\"> </span>12,117</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er Cost<span class=\"_ _224\"> </span><span class=\"ff8 fc14 ls2 ws2\">184,982<span class=\"_ _3a\"> </span>908,63<span class=\"_ _1\"/>4<span class=\"_ _f9\"> </span>760,750<span class=\"_ _5f\"> </span>48,7<span class=\"_ _1\"/>16<span class=\"_ _37\"> </span>141,56<span class=\"_ _1\"/>8<span class=\"_ _175\"> </span>2,04<span class=\"_ _1\"/>4,650</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _225\"> </span><span class=\"ff8 fc14\">(92,397)<span class=\"_ _e4\"> </span>(820,338)<span class=\"_ _e4\"> </span>(465,406)</span>-(131,349)<span class=\"_ _122\"> </span>(1,509,490)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _211\"> </span><span class=\"fc14 ls2 ws2\">92,585<span class=\"_ _6f\"> </span>88,296<span class=\"_ _d0\"> </span>295,34<span class=\"_ _1\"/>4<span class=\"_ _a1\"> </span>4<span class=\"_ _1\"/>8,716<span class=\"_ _24\"> </span>10,219<span class=\"_ _fa\"> </span><span class=\"ls43 ws4b\">535,<span class=\"_ _7\"/>160</span></span>L<span class=\"_ _1\"/>ast year<span class=\"_ _6\"/>, Fugro announ<span class=\"_ _1\"/>ced its net ze<span class=\"_ _1\"/>ro carbo<span class=\"_ _1\"/>n emissions commitment by 20<span class=\"_ _1\"/>3<span class=\"_ _1\"/>5 (<span class=\"fc14\">note 36</span>). The mar<span class=\"_ _1\"/>itime sec<span class=\"_ _1\"/>tor will fa<span class=\"_ _1\"/>ce more challenging custo<span class=\"_ _1\"/>mer nee<span class=\"_ _1\"/>ds and tighter re<span class=\"_ _1\"/>gulations with resp<span class=\"_ _1\"/>ect to v<span class=\"_ _1\"/>essel emissions and maritim<span class=\"_ _1\"/>e fuels in the fo<span class=\"_ _1\"/>reseeabl<span class=\"_ _1\"/>e future. I<span class=\"_ _1\"/>t follows that the asset cate<span class=\"_ _1\"/>gor<span class=\"_ _1\"/>y vessels is most ex<span class=\"_ _1\"/>posed to t<span class=\"_ _1\"/>he inherent risk of impairm<span class=\"_ _1\"/>ent from climate-related mat<span class=\"_ _1\"/>ter<span class=\"_ _1\"/>s than the othe<span class=\"_ _1\"/>r categor<span class=\"_ _1\"/>ies. T<span class=\"_ _1\"/>he Group assesse<span class=\"_ _1\"/>d whether t<span class=\"_ _1\"/>hese develo<span class=\"_ _1\"/>pments sho<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ten the curre<span class=\"_ _1\"/>nt estimates of vessel useful lives and tr<span class=\"_ _1\"/>igger s<span class=\"_ _1\"/>o-calle<span class=\"_ _1\"/>d str<span class=\"_ _1\"/>anded asset<span class=\"_ _1\"/>s. No impa<span class=\"_ _1\"/>ct on usef<span class=\"_ _1\"/>ul lives or trig<span class=\"_ _1\"/>gering eve<span class=\"_ _1\"/>nts for impair<span class=\"_ _1\"/>ment were identif<span class=\"_ _1\"/>ied. I<span class=\"_ _1\"/>t is fur<span class=\"_ _1\"/>therm<span class=\"_ _1\"/>ore noted t<span class=\"_ _1\"/>hat Fugro\u2019s vessels are used glob<span class=\"_ _1\"/>ally across all sec<span class=\"_ _1\"/>tors<span class=\"_ _1\"/>, and that time<span class=\"_ _1\"/>ly capital e<span class=\"_ _1\"/>xpendit<span class=\"_ _1\"/>ures will be made w<span class=\"_ _1\"/>ithin the nex<span class=\"_ _1\"/>t de<span class=\"_ _1\"/>cade.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-59-8": {
   "value": "15.  IMPAIRMENTS OF NON FINANCIAL ASSETSIntangible assets that have an indefinite useful life or intangible assets not ready for use are not subject to amortisation and are tested annually for impairment. Other non-financial assets that are subject to depreciation and amortisation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The carrying amounts of the Group\u2019s non-financial assets other than assets arising from employee benefits and deferred tax assets, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset\u2019s recoverable amount is estimated. The recoverable amount of an asset or cash-generating unit (CGU) is the higher of its value in use and its fair value less costs of disposal. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or cash-generating unit. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or cash-generating unit. The Group\u2019s corporate assets do not generate separate cash inflows and are utilised by more than one cash-generating unit. Corporate assets are allocated to cash-generating units on a reasonable and consistent basis and tested for impairment as part of the testing of the cash generating units to which the corporate asset is allocated.Impairment losses recognised in prior periods are reviewed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised.21.  INTANGIBLE ASSETS INCLUDING GOODWILLFor goodwill, and intangible assets that have indefinite useful lives or that are not yet available for use, the recoverable amount is estimated each year at the same time. An impairment loss is recognised if the carrying amount of an asset or its related cash-generating unit exceeds its estimated recoverable amount. Impairment losses are recognised in profit or loss. Impairment losses recognised in respect of cash-generating units are allocated first to reduce the carrying amount of any goodwill allocated to the cash-generating unit (or group of cash-generating units) and then to reduce the carrying amount of the other assets in the cash-generating unit (or group of cash-generating units) on a pro rata basis.Subject to an operating segment ceiling test, for the purposes of goodwill impairment testing, CGUs to which goodwill has been allocated, are aggregated so that the level at which impairment testing is performed reflects the lowest level at which goodwill is monitored for internal reporting purposes.An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognised in prior periods are reviewed at each reporting date for any indications that the loss has decreased or no longer exists. For these other assets, an  impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-59-9": {
   "value": "15.  IMPAIRMENTS OF NON FINANCIAL ASSETSIntangible assets that have an indefinite useful life or intangible assets not ready for use are not subject to amortisation and are tested annually for impairment. Other non-financial assets that are subject to depreciation and amortisation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The carrying amounts of the Group\u2019s non-financial assets other than assets arising from employee benefits and deferred tax assets, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset\u2019s recoverable amount is estimated. The recoverable amount of an asset or cash-generating unit (CGU) is the higher of its value in use and its fair value less costs of disposal. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or cash-generating unit. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or cash-generating unit. The Group\u2019s corporate assets do not generate separate cash inflows and are utilised by more than one cash-generating unit. Corporate assets are allocated to cash-generating units on a reasonable and consistent basis and tested for impairment as part of the testing of the cash generating units to which the corporate asset is allocated.Impairment losses recognised in prior periods are reviewed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised.21.  INTANGIBLE ASSETS INCLUDING GOODWILLFor goodwill, and intangible assets that have indefinite useful lives or that are not yet available for use, the recoverable amount is estimated each year at the same time. An impairment loss is recognised if the carrying amount of an asset or its related cash-generating unit exceeds its estimated recoverable amount. Impairment losses are recognised in profit or loss. Impairment losses recognised in respect of cash-generating units are allocated first to reduce the carrying amount of any goodwill allocated to the cash-generating unit (or group of cash-generating units) and then to reduce the carrying amount of the other assets in the cash-generating unit (or group of cash-generating units) on a pro rata basis.Subject to an operating segment ceiling test, for the purposes of goodwill impairment testing, CGUs to which goodwill has been allocated, are aggregated so that the level at which impairment testing is performed reflects the lowest level at which goodwill is monitored for internal reporting purposes.An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognised in prior periods are reviewed at each reporting date for any indications that the loss has decreased or no longer exists. For these other assets, an  impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-59-10": {
   "value": "15.  IMPAIRMENTS OF NON FINANCIAL ASSETSIntangible assets that have an indefinite useful life or intangible assets not ready for use are not subject to amortisation and are tested annually for impairment. Other non-financial assets that are subject to depreciation and amortisation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The carrying amounts of the Group\u2019s non-financial assets other than assets arising from employee benefits and deferred tax assets, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset\u2019s recoverable amount is estimated. The recoverable amount of an asset or cash-generating unit (CGU) is the higher of its value in use and its fair value less costs of disposal. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or cash-generating unit. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or cash-generating unit. The Group\u2019s corporate assets do not generate separate cash inflows and are utilised by more than one cash-generating unit. Corporate assets are allocated to cash-generating units on a reasonable and consistent basis and tested for impairment as part of the testing of the cash generating units to which the corporate asset is allocated.Impairment losses recognised in prior periods are reviewed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised.19.  PROPERTY, PLANT AND EQUIPMENTItems of property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment losses. The cost of property, plant and equipment includes expenditure that is directly attributable to the acquisition of the asset. The cost of self-constructed assets includes the costs of materials and direct labour, any other costs directly attributable to bringing the assets to a working condition for their intended use, the costs of dismantling and removing the items and restoring the site on which they are located and capitalised borrowing costs. Purchased software that is integral to the functionality of the related equipment is capitalised as part of that equipment.Property, plant and equipment that is being constructed or developed for future use is classified as property, plant and equipment under construction and stated at cost until construction or development is complete, at which time it is reclassified as land and buildings, plant and equipment, vessels (including jack-ups) or other property, plant and equipment. Property, plant and equipment is recognised from the point in time when the Group obtains control. Any (pre-)payments made before that point in time are classified as other long-term asset. When parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items (major components) of property, plant and equipment. The gain or loss on disposal of an item of property, plant and equipment is determined by comparing the proceeds from disposal with the carrying amount of the property, plant and equipment, and is recognised net within \u2018other income\u2019 or \u2018other expenses\u2019 in profit or loss. Subsequent costs are included in the asset\u2019s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the group and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognised when replaced. All other repairs and maintenance are charged to profit or loss during the reporting period in which they are incurred.Depreciation is based on the cost of an asset less its residual value. Significant components of individual assets are assessed and if a component has a useful life that is different from the remainder of that asset, that component is depreciated separately. Depreciation is recognised in profit or loss on a straight-line basis over the estimated useful lives of each component of an item of property, plant and equipment. Depreciation methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate. The estimated useful lives for the current and comparative period of significant items of property, plant and equipment are as follows:Refer to note 15 Impairments of non-financial assets for more details on Fugro\u2019s approach to impairment of its property, plant and equipment.Category YearsLand InfiniteBuildings  20 \u2013 40Plant and equipment including ROVs, USVs, aerial vehicles, etc. 3 \u2013 10Vessels including jack-up platforms 2 \u2013 25Other 1 \u2013 5",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-61-4": {
   "value": "16<span class=\"_ _1\"/>. <span class=\"_ _ce\"> </span><span class=\"ff5 fs6 ls37 ws1fa\">OTH<span class=\"_ _6\"/>ER<span class=\"_ _7\"/> EXPEN<span class=\"_ _6\"/>SE<span class=\"_ _6\"/>S</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _24\"> </span><span class=\"ff7 ls1dc ws1e2\">20<span class=\"_ _1\"/>21</span></span>*Indire<span class=\"_ _1\"/>ct o<span class=\"_ _1\"/>per<span class=\"_ _1\"/>ating exp<span class=\"_ _1\"/>enses<span class=\"_ _1da\"> </span>31,951<span class=\"_ _65\"> </span><span class=\"ff8 fc14\">22,638</span>Occupan<span class=\"_ _1\"/>cy cost<span class=\"_ _1\"/>s<span class=\"_ _1b4\"> </span>18,267<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">13,587</span>Professional ser<span class=\"_ _1\"/>vi<span class=\"_ _1\"/>ces fee<span class=\"_ _1db\"> </span><span class=\"ls2 ws2\">17<span class=\"_ _7\"/>,764<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">14,<span class=\"_ _1\"/>285</span></span>Communic<span class=\"_ _1\"/>ation and of<span class=\"_ _1\"/>f<span class=\"_ _1\"/>ice equipme<span class=\"_ _1\"/>nt<span class=\"_ _1dc\"> </span>48,037<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">40,513</span>Le<span class=\"_ _1\"/>gal, audit &amp; t<span class=\"_ _1\"/>ax adv<span class=\"_ _1\"/>isor<span class=\"_ _1\"/>y fe<span class=\"_ _1\"/>es<span class=\"_ _1dd\"> </span>11,67<span class=\"_ _1\"/>7<span class=\"_ _21\"> </span><span class=\"ff8 fc14\">10,212</span>Gen<span class=\"_ _1\"/>eral maintenance and supplies<span class=\"_ _45\"> </span><span class=\"ls43 ws4b\">6,279<span class=\"_ _5d\"> </span><span class=\"ff8 fc14 ls2 ws2\">8,355 </span></span>Proper<span class=\"_ _1\"/>ty lease expense<span class=\"_ _1de\"> </span><span class=\"ls2 ws2\">5,540<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">6,581</span></span>T<span class=\"_ _6\"/>rainin<span class=\"_ _1\"/>g<span class=\"_ _1df\"> </span><span class=\"ls2 ws2\">5,897<span class=\"_ _87\"> </span><span class=\"ff8 fc14 ls1e1 ws1e7\">3<span class=\"_ _1\"/>,461</span></span>Marketing<span class=\"_ _6\"/> and advertisi<span class=\"_ _6\"/>ng co<span class=\"_ _6\"/>sts<span class=\"_ _1e0\"> </span><span class=\"ls2 ws2\">4,<span class=\"_ _6\"/>153<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">1,854</span></span>Impairme<span class=\"_ _1\"/>nt of receivables<span class=\"_ _1e1\"> </span><span class=\"ls2 ws2\">1,480<span class=\"_ _5d\"> </span><span class=\"ff8 fc14\">2,283</span></span>Restr<span class=\"_ _1\"/>uc<span class=\"_ _1\"/>turing cost<span class=\"_ _1\"/>s<span class=\"_ _1c1\"> </span>2,844<span class=\"_ _6b\"> </span><span class=\"ff8 fc14\">1,97<span class=\"_ _1\"/>7</span>Research costs<span class=\"_ _a8\"> </span><span class=\"ls2 ws2\">3,<span class=\"_ _7\"/>162<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">2,77<span class=\"_ _1\"/>3</span></span>Loss on disp<span class=\"_ _1\"/>osal of prop<span class=\"_ _1\"/>er<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipm<span class=\"_ _1\"/>ent<span class=\"_ _1e2\"> </span>292<span class=\"_ _df\"> </span><span class=\"ff8 fc14 ls43 ws4b\">504</span>Other<span class=\"_ _1e3\"> </span><span class=\"ls2 ws2\">20,359<span class=\"_ _21\"> </span><span class=\"ff8 fc14\">16,012 </span></span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1e4\"> </span><span class=\"ls2 ws2\">17<span class=\"_ _1\"/>7<span class=\"_ _3\"/>,702<span class=\"_ _fa\"> </span><span class=\"fc14\">145,035</span></span>*Comparative n<span class=\"_ _6\"/>umbers have<span class=\"_ _7\"/> b<span class=\"_ _1\"/>een resta<span class=\"_ _6\"/>ted to<span class=\"_ _6\"/> conform<span class=\"_ _6\"/> to curren<span class=\"_ _6\"/>t year<span class=\"_ _6\"/> presentation.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-62-2": {
   "value": "17.  NET FINANCE (INCOME)/EXPENSESNet finance income and expenses consist of finance expenses, finance income and foreign currency gains and losses. Finance expenses comprises interest expense on borrowings and lease liabilities, unwinding of the discount on provisions, losses on disposal of equity securities, fair value losses on financial assets at fair value through profit or loss, impairment losses recognised on financial assets (other than trade receivables), and losses on hedging instruments that are recognised in profit or loss.Finance income comprises interest income on funds invested, dividend income, gains on the disposal of equity securities, fair value gains on financial assets at fair value through profit or loss, gains on the re-measurement to fair value of any pre-existing interest in an acquiree, and gains on hedging instruments that are recognised in profit or loss. Interest income is recognised in profit or loss as it accrues, using the effective interest method. Dividend income is recognised in profit or loss on the date the Group\u2019s right to receive payment is established, which in the case of quoted shares is normally the ex-dividend date. Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognised in profit or loss using the effective interest method.Foreign currency gains and losses are reported on a net basis as either finance income or finance cost depending on whether foreign currency movements are in a net gain or net loss position.(EUR x 1,000) 2022 2021Interest income on loans and receivables (3,574) (1,156)Net foreign exchange gain  (11,716) (18,670)Finance income (15,290) (19,826)Interest expense on financial liabilities measured at amortised cost 35,295 38,030Net change in fair value of financial assets at fair value through profit or loss -60Net foreign exchange loss - -Finance expense 35,295 38,090Net finance (income)/expenses recognised in profit or loss 20,005 18,264The table set below summarises the net finance cost recognised in other comprehensive income and how they are categorised in the statement of changes in equity.(EUR x 1,000) 2022 2021Recognised in other comprehensive incomeForeign currency translation differences of foreign operations 10,580 40,907Foreign currency translation differences recycled to profit and loss-(1,939)Foreign currency translation differences of equity-accounted investees  659 3,295Total 11,239 42,263Recognised in:Translation reserve 10,860 41,470Non-controlling interests 379 793Total 11,239 42,263",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-62-3": {
   "value": "17.  NET FINANCE (INCOME)/EXPENSESNet finance income and expenses consist of finance expenses, finance income and foreign currency gains and losses. Finance expenses comprises interest expense on borrowings and lease liabilities, unwinding of the discount on provisions, losses on disposal of equity securities, fair value losses on financial assets at fair value through profit or loss, impairment losses recognised on financial assets (other than trade receivables), and losses on hedging instruments that are recognised in profit or loss.Finance income comprises interest income on funds invested, dividend income, gains on the disposal of equity securities, fair value gains on financial assets at fair value through profit or loss, gains on the re-measurement to fair value of any pre-existing interest in an acquiree, and gains on hedging instruments that are recognised in profit or loss. Interest income is recognised in profit or loss as it accrues, using the effective interest method. Dividend income is recognised in profit or loss on the date the Group\u2019s right to receive payment is established, which in the case of quoted shares is normally the ex-dividend date. Foreign currency gains and losses are reported on a net basis as either finance income or finance cost depending on whether foreign currency movements are in a net gain or net loss position.(EUR x 1,000) 2022 2021Interest income on loans and receivables (3,574) (1,156)Net foreign exchange gain  (11,716) (18,670)Finance income (15,290) (19,826)Interest expense on financial liabilities measured at amortised cost 35,295 38,030Net change in fair value of financial assets at fair value through profit or loss -60Net foreign exchange loss - -Finance expense 35,295 38,090Net finance (income)/expenses recognised in profit or loss 20,005 18,264The table set below summarises the net finance cost recognised in other comprehensive income and how they are categorised in the statement of changes in equity.(EUR x 1,000) 2022 2021Recognised in other comprehensive incomeForeign currency translation differences of foreign operations 10,580 40,907Foreign currency translation differences recycled to profit and loss-(1,939)Foreign currency translation differences of equity-accounted investees  659 3,295Total 11,239 42,263Recognised in:Translation reserve 10,860 41,470Non-controlling interests 379 793Total 11,239 42,263",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-62-4": {
   "value": "17.  NET FINANCE (INCOME)/EXPENSESNet finance income and expenses consist of finance expenses, finance income and foreign currency gains and losses. Finance expenses comprises interest expense on borrowings and lease liabilities, unwinding of the discount on provisions, losses on disposal of equity securities, fair value losses on financial assets at fair value through profit or loss, impairment losses recognised on financial assets (other than trade receivables), and losses on hedging instruments that are recognised in profit or loss.Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognised in profit or loss using the effective interest method.(EUR x 1,000) 2022 2021Interest income on loans and receivables (3,574) (1,156)Net foreign exchange gain  (11,716) (18,670)Finance income (15,290) (19,826)Interest expense on financial liabilities measured at amortised cost 35,295 38,030Net change in fair value of financial assets at fair value through profit or loss -60Net foreign exchange loss - -Finance expense 35,295 38,090Net finance (income)/expenses recognised in profit or loss 20,005 18,264The table set below summarises the net finance cost recognised in other comprehensive income and how they are categorised in the statement of changes in equity.(EUR x 1,000) 2022 2021Recognised in other comprehensive incomeForeign currency translation differences of foreign operations 10,580 40,907Foreign currency translation differences recycled to profit and loss-(1,939)Foreign currency translation differences of equity-accounted investees  659 3,295Total 11,239 42,263Recognised in:Translation reserve 10,860 41,470Non-controlling interests 379 793Total 11,239 42,263",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-62-5": {
   "value": "17.  NET FINANCE (INCOME)/EXPENSESNet finance income and expenses consist of finance expenses, finance income and foreign currency gains and losses. Finance expenses comprises interest expense on borrowings and lease liabilities, unwinding of the discount on provisions, losses on disposal of equity securities, fair value losses on financial assets at fair value through profit or loss, impairment losses recognised on financial assets (other than trade receivables), and losses on hedging instruments that are recognised in profit or loss.Finance income comprises interest income on funds invested, dividend income, gains on the disposal of equity securities, fair value gains on financial assets at fair value through profit or loss, gains on the re-measurement to fair value of any pre-existing interest in an acquiree, and gains on hedging instruments that are recognised in profit or loss. Interest income is recognised in profit or loss as it accrues, using the effective interest method. Dividend income is recognised in profit or loss on the date the Group\u2019s right to receive payment is established, which in the case of quoted shares is normally the ex-dividend date. Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognised in profit or loss using the effective interest method.(EUR x 1,000) 2022 2021Interest income on loans and receivables (3,574) (1,156)Net foreign exchange gain  (11,716) (18,670)Finance income (15,290) (19,826)Interest expense on financial liabilities measured at amortised cost 35,295 38,030Net change in fair value of financial assets at fair value through profit or loss -60Net foreign exchange loss - -Finance expense 35,295 38,090Net finance (income)/expenses recognised in profit or loss 20,005 18,264",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-62-6": {
   "value": "17.  NET FINANCE (INCOME)/EXPENSESNet finance income and expenses consist of finance expenses, finance income and foreign currency gains and losses. Finance expenses comprises interest expense on borrowings and lease liabilities, unwinding of the discount on provisions, losses on disposal of equity securities, fair value losses on financial assets at fair value through profit or loss, impairment losses recognised on financial assets (other than trade receivables), and losses on hedging instruments that are recognised in profit or loss.Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognised in profit or loss using the effective interest method.(EUR x 1,000) 2022 2021Interest income on loans and receivables (3,574) (1,156)Net foreign exchange gain  (11,716) (18,670)Finance income (15,290) (19,826)Interest expense on financial liabilities measured at amortised cost 35,295 38,030Net change in fair value of financial assets at fair value through profit or loss -60Net foreign exchange loss - -Finance expense 35,295 38,090Net finance (income)/expenses recognised in profit or loss 20,005 18,264",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-62-7": {
   "value": "17.  NET FINANCE (INCOME)/EXPENSESNet finance income and expenses consist of finance expenses, finance income and foreign currency gains and losses. Finance expenses comprises interest expense on borrowings and lease liabilities, unwinding of the discount on provisions, losses on disposal of equity securities, fair value losses on financial assets at fair value through profit or loss, impairment losses recognised on financial assets (other than trade receivables), and losses on hedging instruments that are recognised in profit or loss.Finance income comprises interest income on funds invested, dividend income, gains on the disposal of equity securities, fair value gains on financial assets at fair value through profit or loss, gains on the re-measurement to fair value of any pre-existing interest in an acquiree, and gains on hedging instruments that are recognised in profit or loss. Interest income is recognised in profit or loss as it accrues, using the effective interest method. Dividend income is recognised in profit or loss on the date the Group\u2019s right to receive payment is established, which in the case of quoted shares is normally the ex-dividend date. (EUR x 1,000) 2022 2021Interest income on loans and receivables (3,574) (1,156)Net foreign exchange gain  (11,716) (18,670)Finance income (15,290) (19,826)Interest expense on financial liabilities measured at amortised cost 35,295 38,030Net change in fair value of financial assets at fair value through profit or loss -60Net foreign exchange loss - -Finance expense 35,295 38,090Net finance (income)/expenses recognised in profit or loss 20,005 18,264",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-62-8": {
   "value": "17.  NET FINANCE (INCOME)/EXPENSESNet finance income and expenses consist of finance expenses, finance income and foreign currency gains and losses. Finance expenses comprises interest expense on borrowings and lease liabilities, unwinding of the discount on provisions, losses on disposal of equity securities, fair value losses on financial assets at fair value through profit or loss, impairment losses recognised on financial assets (other than trade receivables), and losses on hedging instruments that are recognised in profit or loss.Finance income comprises interest income on funds invested, dividend income, gains on the disposal of equity securities, fair value gains on financial assets at fair value through profit or loss, gains on the re-measurement to fair value of any pre-existing interest in an acquiree, and gains on hedging instruments that are recognised in profit or loss. Interest income is recognised in profit or loss as it accrues, using the effective interest method. Dividend income is recognised in profit or loss on the date the Group\u2019s right to receive payment is established, which in the case of quoted shares is normally the ex-dividend date. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-62-10": {
   "value": "17.  NET FINANCE (INCOME)/EXPENSESNet finance income and expenses consist of finance expenses, finance income and foreign currency gains and losses. Finance expenses comprises interest expense on borrowings and lease liabilities, unwinding of the discount on provisions, losses on disposal of equity securities, fair value losses on financial assets at fair value through profit or loss, impairment losses recognised on financial assets (other than trade receivables), and losses on hedging instruments that are recognised in profit or loss.Finance income comprises interest income on funds invested, dividend income, gains on the disposal of equity securities, fair value gains on financial assets at fair value through profit or loss, gains on the re-measurement to fair value of any pre-existing interest in an acquiree, and gains on hedging instruments that are recognised in profit or loss. Interest income is recognised in profit or loss as it accrues, using the effective interest method. Dividend income is recognised in profit or loss on the date the Group\u2019s right to receive payment is established, which in the case of quoted shares is normally the ex-dividend date. Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognised in profit or loss using the effective interest method.Foreign currency gains and losses are reported on a net basis as either finance income or finance cost depending on whether foreign currency movements are in a net gain or net loss position.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-62-11": {
   "value": "17.  NET FINANCE (INCOME)/EXPENSESBorrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognised in profit or loss using the effective interest method.30.  FINANCIAL LIABILITIESThe Group has not designated any financial liability as at fair value through profit or loss.The Group derecognises a financial liability when its contractual obligations are discharged, cancelled or expired. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognised in the statement of profit or loss.Financial assets and liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Group has a currently enforceable legal right to offset the recognised amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-62-12": {
   "value": "17.  NET FINANCE (INCOME)/EXPENSESNet finance income and expenses consist of finance expenses, finance income and foreign currency gains and losses. Finance expenses comprises interest expense on borrowings and lease liabilities, unwinding of the discount on provisions, losses on disposal of equity securities, fair value losses on financial assets at fair value through profit or loss, impairment losses recognised on financial assets (other than trade receivables), and losses on hedging instruments that are recognised in profit or loss.Finance income comprises interest income on funds invested, dividend income, gains on the disposal of equity securities, fair value gains on financial assets at fair value through profit or loss, gains on the re-measurement to fair value of any pre-existing interest in an acquiree, and gains on hedging instruments that are recognised in profit or loss. Interest income is recognised in profit or loss as it accrues, using the effective interest method. Dividend income is recognised in profit or loss on the date the Group\u2019s right to receive payment is established, which in the case of quoted shares is normally the ex-dividend date. Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognised in profit or loss using the effective interest method.Foreign currency gains and losses are reported on a net basis as either finance income or finance cost depending on whether foreign currency movements are in a net gain or net loss position.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-62-13": {
   "value": "17.  NET FINANCE (INCOME)/EXPENSESNet finance income and expenses consist of finance expenses, finance income and foreign currency gains and losses. Finance expenses comprises interest expense on borrowings and lease liabilities, unwinding of the discount on provisions, losses on disposal of equity securities, fair value losses on financial assets at fair value through profit or loss, impairment losses recognised on financial assets (other than trade receivables), and losses on hedging instruments that are recognised in profit or loss.Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognised in profit or loss using the effective interest method.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-69-5": {
   "value": "18.  INCOME TAXIncome tax expense comprises current and deferred tax. Current tax and deferred tax is recognised in profit or loss except to the extent that it relates to a business combination, or items recognised directly in equity or in other comprehensive income.Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Current tax payable also includes any tax liability arising from the declaration of dividends. The global developments around introduction of Pillar 2 regulations are being monitored by Fugro. Regulations are highly complex and not sufficiently predictable yet. Based on Fugro\u2019s approach to tax and the initial analyses performed, no or no material tax impact is expected to arise from these developments.Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognised for taxable temporary differences arising on the initial recognition of goodwill, temporary differences on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss, and temporary differences related to investments in subsidiaries and jointly controlled entities to the extent that it is probable that they will not reverse in the foreseeable future. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, based on the laws that have been enacted or substantively enacted by the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realised simultaneously.A deferred tax asset is recognised for unused tax losses, tax credits and deductible temporary differences, to the extent that it is probable that future taxable profits will be available against which the asset can be utilised. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised; such reductions are reversed when the probability of future taxable profits improvesAdditional income taxes that arise from the distribution of dividends are recognised at the same time as the liability to pay the related dividend.In determining the amount of current and deferred tax the Group takes into account the impact of uncertain tax positions and whether additional taxes and interest may be due. The Group believes that its accruals for tax liabilities are adequate for all open tax years based on its assessment of many factors, including interpretations of tax law and prior experience. This assessment relies on estimates and assumptions and may involve a series of judgements about future events. New information may become available that causes the Group to change its judgement regarding the adequacy of existing tax liabilities; such changes to tax liabilities will impact tax expense in the period that such a determination is made.18.1  Income tax expense / (gain)Recognised in profit or loss(EUR x 1,000) 2022 2021Current income tax expense/(gain)Current year 22,122 11,125Adjustments for prior years (3,087) 70919,035 11,834Deferred income tax expense/(gain)Origination and reversal of tax losses and temporary differences 19,541 4,191Change in tax rate (895) (7,912)Recognition of previously unrecognised tax losses and temporary differences (13,528) (13,967)Recognition of liquidation losses (15,254)-Liability for undistributed foreign earnings (deferred) 599 1,529Adjustments for prior years (2,301) 1,276(11,838) (14,883)Total income tax expense/(gain) on continuing operations 7,197 (3,049)Reconciliation of effective tax rate20222022 20212021(EUR x 1,000)%%Profit/(loss) before income tax 86,488 59,473Income tax using the weighted domestic average tax rates 33.2 28,739 33.3 19,805Change in tax rate (1.0) (895) (13.3) (7,912)Recognition of previously unrecognised tax losses and temporary differences (15.7) (13,528) (23.5) (13,967)Recognition of liquidation losses (17.6) (15,254)- -Current year tax losses, temporary differences and tax credits not recognised 9.1 7,858 13.8 8,180Non-deductible expenses 7.6 6,570 12.6 7,512Tax exempt income (7.5) (6,513) (13.4) (7,956)Write down of intercompany positions 4.4 3,808 (21.6) (12,835)Liability for undistributed foreign earnings (deferred) 0.7 599 2.6 1,529Adjustments for prior years (deferred) (2.7) (2,301) 2.1 1,276Adjustments for prior years (current) (3.6) (3,087) 1.2 709Dividend and other income taxes 1.4 1,201 1.0 610Income tax expense recognised in consolidated statement of comprehensive income 8.3 7,197 (5.1) (3,049)Income tax using the weighted domestic average tax ratesThe average tax rate is computed by multiplying the result before tax of each tax group with the applicable domestic corporate income tax rates, varying from 0% to 35%. The decrease of the average tax rate compared to prior year is caused by a significantly different mix of results in the various tax groups. Change in tax rateThe changes in tax rate in 2022 (EUR 0.9 million) and 2021 (EUR 7.9 million) mainly relate to changes in the United Kingdom corporate income tax rate. This tax rate will increase from 19% to 25% with effect of April 2023.Recognition of previously unrecognised tax lossesThe 2022 recognition is mainly the effect of debt-forgiveness on non-recoverable intercompany positions with Angola (EUR 9.4 million). In addition, carry forward losses were recognised in Germany and France. In 2021 the recognition was mainly based on the increased profitability in the Netherlands. Recognition of liquidation lossesThe recognition of liquidation losses relates for EUR 12.4 million to valuation of tax losses from the anticipated formal liquidation of the remaining legal entities of the Seabed group, which business was divested in 2021. In addition, liquidation losses of  EUR 2.9 million were recognised in relation to the upcoming liquidation of an Irish subsidiary.Write down of intercompany positionsIn the 2021 tax books, the tax effect of write downs of intercompany positions with Seabed Geosolutions and Fugro Angola were recognised for EUR 12.8 million. In 2022 the write down for Fugro Angola was formalised through a debt-forgiveness, which was also processed in the commercial books. This leads to a reversal in 2022 for EUR 3.8 million.Adjustments for prior years (current)The majority of the adjustment relates to a benefit of EUR 4.0 million in 2022 for the conclusion on a Mutual Agreement Procedure between Netherlands and Norway regarding an old  (2008-2012) transfer pricing dispute. The procedure resulted in an initial formal conclusion in December 2022, which will be finalised in the first quarter of 2023.18.2  Current tax assets and liabilitiesThe net current tax liability of EUR 28,213 thousand (2021: EUR 20,578 thousand liability) represents the balance of current tax assets and liabilities in respect of current and prior periods less advance tax payments.18.3  Deferred tax assets and liabilitiesRecognised deferred tax assets and liabilitiesDeferred tax assets and liabilities are attributable to the following items:(EUR x 1,000) 2022 2021Assets  Liabilities Assets  LiabilitiesProperty, plant and equipment 24,748 (11,435) 28,092 (10,788)Intangible assets 127 (2,473) 127 (2,155)Subordinated unsecured convertible bonds-(1,276)-(1,650)Loans and borrowings-(1,713)- -Leases 23,061 (21,527) 16,446 (15,346)Employee benefits 2,593 (5,348) 4,321 (3,869)Provisions 6,805 (5,301) 4,967 (5,313)Liquidation losses 15,254- - -Tax loss carry-forwards  32,443-32,001-Other items 4,077 (2,877) 4,080 (3,867)Deferred tax assets/(liabilities) 109,108 (51,950) 90,044 (42,988)Set-off of tax components (50,405) 50,405 (41,055) 41,055Reflected in the statement of financial position as follows 58,703 (1,545)  48,989 (1,933)The recognised deferred tax assets are dependent on future taxable profits in excess of profits arising from the reversal of existing taxable temporary differences. The recognised amounts relate to tax groups that are profitable or are expected to be profitable in the foreseeable future. Management\u2019s projections support the assumption that it is probable that the results of future operations will generate enough taxable income to utilise these deferred tax assets. Consistent with other areas such as annual goodwill impairment testing, climate-related matters were considered in these projections. These include risks as well as opportunities, including the anticipated growth in activities inthe renewables market segment. Movement in temporary differences during the yearRecognised in other Balance  Recognised compre-Recognised Balance 31 1 January in profit or hensive directly in December (EUR x 1,000)2022lossincomeequity2022Property, plant and equipment 17,304 (3,991)- -13,313Intangible assets  (2,028) (318)- -(2,346)Subordinated unsecured convertible bonds(1,650) 374- -(1,276)Loans and borrowings-(1,713)- -(1,713)Leases 1,100 434- -1,534Employee benefits 452 (2,372) (835)-(2,755)Provisions (346) 1,850- -1,504Liquidation losses-15,254- -15,254Tax loss carry-forward  32,011  432- -32,443Other items  213 394 593-1,200Exchange differences -1,494 (1,494)- -Total 47,056 11,838 (1,736)-57,158Tax loss carry-forwardThis item mainly consists of deferred tax assets in Netherlands, United Kingdom and Germany.Liquidation lossesThe 2022 movement relates to recognition of liquidation losses from the anticipated liquidation of entities of the Seabed group and an Irish subsidiary.Recognised in other Balance  Recognised compre-Recognised Balance 31 1 January in profit or hensive directly in December (EUR x 1,000)2021lossincomeequity2021Property, plant and equipment 11,040 6,264- -17,304Intangible assets  (1,174) (854)- -(2,028)Subordinated unsecured convertible bonds (3,607) 2,008-(51) (1,650)Leases 187 913- -1,100Employee benefits 6,855 (3) (6,400)-452Provisions 2,696 (3,042)- -(346)Tax loss carry-forward  19,970 12,041- -32,011Other items  (3,866) 130 3,949-213Exchange differences -(2,574) 2,574- -Total 32,101 14,883 123 (51) 47,05618.4  Unrecognised deferred tax assets and liabilitiesUnrecognised deferred tax assets relate to tax units previously suffering losses for which it is currently not probable that future taxable profit will be available to offset these losses, taking into account fiscal restrictions on the utilisation of loss compensation.The deductible temporary differences and capital allowances do not expire under current tax legislation. Deferred tax assets have not been recognised in respect of these items, because it is not probable that future taxable profit will be available against which the Group can utilise these benefits. Unrecognised tax assets changed over the period as follows:Unrecognised deferred tax assets(EUR x 1,000) 2022 2021As at 1 January  285,688 284,498Movements during the period: Additional unrecognised losses and temporary differences 7,858 8,180Recognition of previously unrecognised tax losses and temporary differences (profit or loss) (13,528) (13,967)Recognition of previously unrecognised tax losses and temporary differences (equity)-(5,730)Effect of change in tax rates  (933) 963Exchange rate differences 12,191 14,911Expiration of tax losses (667) (162)Change from reassessment  (1,541) (107)Acquisitions and divestments-(2,898)As at 31 December and specified as follows: 289,068 285,688Tax credits 7,550 10,476Deductible temporary differences  20,363 15,123Tax losses  261,155 260,089289,068 285,688Tax loss carry-forwardThis item mainly consists of deferred tax assets in Australia, Singapore and the United States. The balance also includes an amount of EUR 65 million related to the remaining legal entities in the Seabed group, which business was divested in 2021, effectively limiting the utilization of these losses.(EUR x 1,000) 2022 2021Recoverability of recognised and unrecognised deferred tax assets in respect of tax losses carried forwardBetween 1 \u2013 5 years 14,984 12,286Between 6 \u2013 10 years 25,949 1,272Between 11 \u2013 20 years 56,659 68,162Indefinite 196,006 210,400293,598 292,120Temporary differences relating to investments in subsidiariesAt 31 December 2022 a deferred tax liability of EUR 1,773 thousand relating to investments in subsidiaries has been recognised (2021: EUR 1,674 thousand). No deferred tax liability is recognised in case Fugro controls whether the liability will be incurred and it is satisfied that it will not be incurred in the foreseeable future due to permanent reinvestments. The aggregate amount of temporary differences for which these deferred tax liabilities have been recognised is EUR 24,080 thousand (2021: EUR 20,471 thousand).In some of the countries where the Group operates, local tax laws provide that gains on disposal of certain assets are tax exempt, provided that the gains are not distributed. The company does not intend to distribute such gains; therefore no tax liabilities are recognised in this respect.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-69-6": {
   "value": "18.  INCOME TAXIncome tax expense comprises current and deferred tax. Current tax and deferred tax is recognised in profit or loss except to the extent that it relates to a business combination, or items recognised directly in equity or in other comprehensive income.Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Current tax payable also includes any tax liability arising from the declaration of dividends. The global developments around introduction of Pillar 2 regulations are being monitored by Fugro. Regulations are highly complex and not sufficiently predictable yet. Based on Fugro\u2019s approach to tax and the initial analyses performed, no or no material tax impact is expected to arise from these developments.Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognised for taxable temporary differences arising on the initial recognition of goodwill, temporary differences on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss, and temporary differences related to investments in subsidiaries and jointly controlled entities to the extent that it is probable that they will not reverse in the foreseeable future. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, based on the laws that have been enacted or substantively enacted by the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realised simultaneously.A deferred tax asset is recognised for unused tax losses, tax credits and deductible temporary differences, to the extent that it is probable that future taxable profits will be available against which the asset can be utilised. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised; such reductions are reversed when the probability of future taxable profits improvesAdditional income taxes that arise from the distribution of dividends are recognised at the same time as the liability to pay the related dividend.In determining the amount of current and deferred tax the Group takes into account the impact of uncertain tax positions and whether additional taxes and interest may be due. The Group believes that its accruals for tax liabilities are adequate for all open tax years based on its assessment of many factors, including interpretations of tax law and prior experience. This assessment relies on estimates and assumptions and may involve a series of judgements about future events. New information may become available that causes the Group to change its judgement regarding the adequacy of existing tax liabilities; such changes to tax liabilities will impact tax expense in the period that such a determination is made.18.3  Deferred tax assets and liabilitiesRecognised deferred tax assets and liabilitiesDeferred tax assets and liabilities are attributable to the following items:(EUR x 1,000) 2022 2021Assets  Liabilities Assets  LiabilitiesProperty, plant and equipment 24,748 (11,435) 28,092 (10,788)Intangible assets 127 (2,473) 127 (2,155)Subordinated unsecured convertible bonds-(1,276)-(1,650)Loans and borrowings-(1,713)- -Leases 23,061 (21,527) 16,446 (15,346)Employee benefits 2,593 (5,348) 4,321 (3,869)Provisions 6,805 (5,301) 4,967 (5,313)Liquidation losses 15,254- - -Tax loss carry-forwards  32,443-32,001-Other items 4,077 (2,877) 4,080 (3,867)Deferred tax assets/(liabilities) 109,108 (51,950) 90,044 (42,988)Set-off of tax components (50,405) 50,405 (41,055) 41,055Reflected in the statement of financial position as follows 58,703 (1,545)  48,989 (1,933)The recognised deferred tax assets are dependent on future taxable profits in excess of profits arising from the reversal of existing taxable temporary differences. The recognised amounts relate to tax groups that are profitable or are expected to be profitable in the foreseeable future. Management\u2019s projections support the assumption that it is probable that the results of future operations will generate enough taxable income to utilise these deferred tax assets. Consistent with other areas such as annual goodwill impairment testing, climate-related matters were considered in these projections. These include risks as well as opportunities, including the anticipated growth in activities inthe renewables market segment. Movement in temporary differences during the yearRecognised in other Balance  Recognised compre-Recognised Balance 31 1 January in profit or hensive directly in December (EUR x 1,000)2022lossincomeequity2022Property, plant and equipment 17,304 (3,991)- -13,313Intangible assets  (2,028) (318)- -(2,346)Subordinated unsecured convertible bonds(1,650) 374- -(1,276)Loans and borrowings-(1,713)- -(1,713)Leases 1,100 434- -1,534Employee benefits 452 (2,372) (835)-(2,755)Provisions (346) 1,850- -1,504Liquidation losses-15,254- -15,254Tax loss carry-forward  32,011  432- -32,443Other items  213 394 593-1,200Exchange differences -1,494 (1,494)- -Total 47,056 11,838 (1,736)-57,158Tax loss carry-forwardThis item mainly consists of deferred tax assets in Netherlands, United Kingdom and Germany.Liquidation lossesThe 2022 movement relates to recognition of liquidation losses from the anticipated liquidation of entities of the Seabed group and an Irish subsidiary.Recognised in other Balance  Recognised compre-Recognised Balance 31 1 January in profit or hensive directly in December (EUR x 1,000)2021lossincomeequity2021Property, plant and equipment 11,040 6,264- -17,304Intangible assets  (1,174) (854)- -(2,028)Subordinated unsecured convertible bonds (3,607) 2,008-(51) (1,650)Leases 187 913- -1,100Employee benefits 6,855 (3) (6,400)-452Provisions 2,696 (3,042)- -(346)Tax loss carry-forward  19,970 12,041- -32,011Other items  (3,866) 130 3,949-213Exchange differences -(2,574) 2,574- -Total 32,101 14,883 123 (51) 47,05618.4  Unrecognised deferred tax assets and liabilitiesUnrecognised deferred tax assets relate to tax units previously suffering losses for which it is currently not probable that future taxable profit will be available to offset these losses, taking into account fiscal restrictions on the utilisation of loss compensation.The deductible temporary differences and capital allowances do not expire under current tax legislation. Deferred tax assets have not been recognised in respect of these items, because it is not probable that future taxable profit will be available against which the Group can utilise these benefits. Unrecognised tax assets changed over the period as follows:Unrecognised deferred tax assets(EUR x 1,000) 2022 2021As at 1 January  285,688 284,498Movements during the period: Additional unrecognised losses and temporary differences 7,858 8,180Recognition of previously unrecognised tax losses and temporary differences (profit or loss) (13,528) (13,967)Recognition of previously unrecognised tax losses and temporary differences (equity)-(5,730)Effect of change in tax rates  (933) 963Exchange rate differences 12,191 14,911Expiration of tax losses (667) (162)Change from reassessment  (1,541) (107)Acquisitions and divestments-(2,898)As at 31 December and specified as follows: 289,068 285,688Tax credits 7,550 10,476Deductible temporary differences  20,363 15,123Tax losses  261,155 260,089289,068 285,688Tax loss carry-forwardThis item mainly consists of deferred tax assets in Australia, Singapore and the United States. The balance also includes an amount of EUR 65 million related to the remaining legal entities in the Seabed group, which business was divested in 2021, effectively limiting the utilization of these losses.(EUR x 1,000) 2022 2021Recoverability of recognised and unrecognised deferred tax assets in respect of tax losses carried forwardBetween 1 \u2013 5 years 14,984 12,286Between 6 \u2013 10 years 25,949 1,272Between 11 \u2013 20 years 56,659 68,162Indefinite 196,006 210,400293,598 292,120Temporary differences relating to investments in subsidiariesAt 31 December 2022 a deferred tax liability of EUR 1,773 thousand relating to investments in subsidiaries has been recognised (2021: EUR 1,674 thousand). No deferred tax liability is recognised in case Fugro controls whether the liability will be incurred and it is satisfied that it will not be incurred in the foreseeable future due to permanent reinvestments. The aggregate amount of temporary differences for which these deferred tax liabilities have been recognised is EUR 24,080 thousand (2021: EUR 20,471 thousand).In some of the countries where the Group operates, local tax laws provide that gains on disposal of certain assets are tax exempt, provided that the gains are not distributed. The company does not intend to distribute such gains; therefore no tax liabilities are recognised in this respect.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-69-8": {
   "value": "18.  INCOME TAXIncome tax expense comprises current and deferred tax. Current tax and deferred tax is recognised in profit or loss except to the extent that it relates to a business combination, or items recognised directly in equity or in other comprehensive income.Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Current tax payable also includes any tax liability arising from the declaration of dividends. The global developments around introduction of Pillar 2 regulations are being monitored by Fugro. Regulations are highly complex and not sufficiently predictable yet. Based on Fugro\u2019s approach to tax and the initial analyses performed, no or no material tax impact is expected to arise from these developments.Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognised for taxable temporary differences arising on the initial recognition of goodwill, temporary differences on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss, and temporary differences related to investments in subsidiaries and jointly controlled entities to the extent that it is probable that they will not reverse in the foreseeable future. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, based on the laws that have been enacted or substantively enacted by the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realised simultaneously.A deferred tax asset is recognised for unused tax losses, tax credits and deductible temporary differences, to the extent that it is probable that future taxable profits will be available against which the asset can be utilised. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised; such reductions are reversed when the probability of future taxable profits improvesAdditional income taxes that arise from the distribution of dividends are recognised at the same time as the liability to pay the related dividend.In determining the amount of current and deferred tax the Group takes into account the impact of uncertain tax positions and whether additional taxes and interest may be due. The Group believes that its accruals for tax liabilities are adequate for all open tax years based on its assessment of many factors, including interpretations of tax law and prior experience. This assessment relies on estimates and assumptions and may involve a series of judgements about future events. New information may become available that causes the Group to change its judgement regarding the adequacy of existing tax liabilities; such changes to tax liabilities will impact tax expense in the period that such a determination is made.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-69-9": {
   "value": "18.  INCOME TAXIncome tax expense comprises current and deferred tax. Current tax and deferred tax is recognised in profit or loss except to the extent that it relates to a business combination, or items recognised directly in equity or in other comprehensive income.Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Current tax payable also includes any tax liability arising from the declaration of dividends. The global developments around introduction of Pillar 2 regulations are being monitored by Fugro. Regulations are highly complex and not sufficiently predictable yet. Based on Fugro\u2019s approach to tax and the initial analyses performed, no or no material tax impact is expected to arise from these developments.Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognised for taxable temporary differences arising on the initial recognition of goodwill, temporary differences on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss, and temporary differences related to investments in subsidiaries and jointly controlled entities to the extent that it is probable that they will not reverse in the foreseeable future. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, based on the laws that have been enacted or substantively enacted by the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realised simultaneously.A deferred tax asset is recognised for unused tax losses, tax credits and deductible temporary differences, to the extent that it is probable that future taxable profits will be available against which the asset can be utilised. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised; such reductions are reversed when the probability of future taxable profits improvesAdditional income taxes that arise from the distribution of dividends are recognised at the same time as the liability to pay the related dividend.In determining the amount of current and deferred tax the Group takes into account the impact of uncertain tax positions and whether additional taxes and interest may be due. The Group believes that its accruals for tax liabilities are adequate for all open tax years based on its assessment of many factors, including interpretations of tax law and prior experience. This assessment relies on estimates and assumptions and may involve a series of judgements about future events. New information may become available that causes the Group to change its judgement regarding the adequacy of existing tax liabilities; such changes to tax liabilities will impact tax expense in the period that such a determination is made.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-78-3": {
   "value": "18.2  Current tax assets and liabilitiesThe net current tax liability of EUR 28,213 thousand (2021: EUR 20,578 thousand liability) represents the balance of current tax assets and liabilities in respect of current and prior periods less advance tax payments.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-86-8": {
   "value": "19.<span class=\"_ _1\"/> <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls1c0 ws1cd\">PROPERTY,<span class=\"_ _7\"/> PL<span class=\"_ _1\"/>ANT AND EQUIPM<span class=\"_ _1\"/>ENT</span>Dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n is based on the cost of an asset less it<span class=\"_ _1\"/>s residual value<span class=\"_ _1\"/>. Significant compon<span class=\"_ _1\"/>ents of individual asset<span class=\"_ _1\"/>s are assessed and if a comp<span class=\"_ _1\"/>onent has a useful life that is diffe<span class=\"_ _1\"/>rent from th<span class=\"_ _1\"/>e remainder of that asset<span class=\"_ _1\"/>, that compon<span class=\"_ _1\"/>ent is depreciate<span class=\"_ _1\"/>d separ<span class=\"_ _1\"/>ately. Dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n is recognised in prof<span class=\"_ _1\"/>it or loss on a str<span class=\"_ _1\"/>aight-<span class=\"_ _6\"/>line basis over the estimate<span class=\"_ _1\"/>d useful lives of each comp<span class=\"_ _1\"/>onent of an item of pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment<span class=\"_ _1\"/>. Dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n methods<span class=\"_ _1\"/>, useful lives and residual v<span class=\"_ _1\"/>alues are revi<span class=\"_ _1\"/>ewed at ea<span class=\"_ _1\"/>ch repor<span class=\"_ _1\"/>ting date and adjusted if app<span class=\"_ _1\"/>ropriate. T<span class=\"_ _1\"/>he estimated usef<span class=\"_ _1\"/>ul lives for the cur<span class=\"_ _1\"/>rent and comparat<span class=\"_ _1\"/>ive peri<span class=\"_ _1\"/>od of signific<span class=\"_ _1\"/>ant items of proper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipme<span class=\"_ _1\"/>nt are as follows:Category<span class=\"_ _13f\"> </span><span class=\"ff2 fs36 ls208 ws214\">Yea<span class=\"_ _1\"/>r<span class=\"_ _1\"/>s</span>L<span class=\"_ _1\"/>and<span class=\"_ _20c\"> </span><span class=\"ls2 ws2\">Infinite</span>Buildings <span class=\"_ _20d\"> </span>20 \u2013 40Plant and e<span class=\"_ _1\"/>quipment inc<span class=\"_ _1\"/>luding ROVs<span class=\"_ _1\"/>, USVs, a<span class=\"_ _1\"/>erial vehi<span class=\"_ _1\"/>cles, e<span class=\"_ _1\"/>tc.<span class=\"_ _1a8\"> </span>3 \u2013 10Vessels including ja<span class=\"_ _1\"/>ck-up platfor<span class=\"_ _1\"/>ms<span class=\"_ _1bb\"> </span>2 \u2013 25Other<span class=\"_ _71\"> </span><span class=\"ls2 ws2\">1 \u2013 5</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _20e\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022</span>Fix<span class=\"_ _1\"/>ed ass<span class=\"_ _1\"/>ets L<span class=\"_ _1\"/>and an<span class=\"_ _1\"/>d Pla<span class=\"_ _1\"/>nt an<span class=\"_ _1\"/>d und<span class=\"_ _1\"/>er buildingsequipment<span class=\"_ _c0\"> </span><span class=\"ls19e ws19e\">Vessels</span>construc<span class=\"_ _1\"/>tion<span class=\"_ _1c9\"> </span>Othe<span class=\"_ _1\"/>r<span class=\"_ _60\"> </span><span class=\"ls1b5 ws1b9\">Total</span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y Cost<span class=\"_ _20f\"> </span><span class=\"ls2 ws2\">184,982<span class=\"_ _d0\"> </span>908,634<span class=\"_ _fa\"> </span>760,750<span class=\"_ _6e\"> </span>48,7<span class=\"_ _1\"/>16<span class=\"_ _c0\"> </span>141,568<span class=\"_ _17a\"> </span>2,0<span class=\"_ _1\"/>44,650</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _210\"> </span>(92,397)<span class=\"_ _f3\"> </span>(820,338)<span class=\"_ _f3\"> </span>(465,406)-(131,349)<span class=\"_ _12e\"> </span>(1,50<span class=\"_ _1\"/>9,490)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _211\"> </span><span class=\"ls2 ws2\">92,585<span class=\"_ _6f\"> </span>88,296<span class=\"_ _d0\"> </span>295,34<span class=\"_ _1\"/>4<span class=\"_ _a1\"> </span>4<span class=\"_ _1\"/>8,716<span class=\"_ _24\"> </span>10,219<span class=\"_ _fa\"> </span><span class=\"ls43 ws4b\">535,<span class=\"_ _7\"/>160</span></span>Change in c<span class=\"_ _6\"/>arr<span class=\"_ _1\"/>ying amount:Investmen<span class=\"_ _7\"/>t<span class=\"_ _1\"/>s<span class=\"_ _212\"> </span><span class=\"ls2 ws2\">1,579<span class=\"_ _24\"> </span>21,378<span class=\"_ _6e\"> </span>18,859<span class=\"_ _22\"> </span>76,918<span class=\"_ _5d\"> </span>4,365<span class=\"_ _fa\"> </span>123,0<span class=\"_ _1\"/>99</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ans<span class=\"_ _6\"/>fers from fixed asse<span class=\"_ _6\"/>ts under con<span class=\"_ _7\"/>str<span class=\"_ _1\"/>uction<span class=\"_ _213\"> </span><span class=\"ls2 ws2\">8,<span class=\"_ _6\"/>167<span class=\"_ _65\"> </span><span class=\"ls1e1 ws1e7\">30,4<span class=\"_ _1\"/>0<span class=\"_ _1\"/>5<span class=\"_ _1c9\"> </span></span>32,<span class=\"_ _6\"/>110<span class=\"_ _b4\"> </span>(<span class=\"_ _1\"/>71,25<span class=\"_ _1\"/>3)<span class=\"_ _e0\"> </span><span class=\"ls39 ws216\">571</span></span>-Depreciation<span class=\"_ _214\"> </span><span class=\"ls2 ws2\">(4,925)<span class=\"_ _17c\"> </span>(40,9<span class=\"_ _1\"/>07)<span class=\"_ _9f\"> </span>(39,46<span class=\"_ _1\"/>8)</span>-(5,311)<span class=\"_ _38\"> </span>(90,611)Impairment<span class=\"_ _6\"/> (loss<span class=\"_ _6\"/>) / reversal<span class=\"_ _215\"> </span><span class=\"ls2 ws2\">(198)</span>-(1,<span class=\"_ _6\"/>168)-<span class=\"_ _e3\"> </span>-(1,366)Disp<span class=\"_ _1\"/>osals <span class=\"_ _216\"> </span><span class=\"ls2 ws2\">(21,342)<span class=\"_ _70\"> </span>(320)<span class=\"_ _24\"> </span>(1,<span class=\"_ _6\"/>169)<span class=\"_ _87\"> </span>(326)<span class=\"_ _8e\"> </span>(30)<span class=\"_ _fa\"> </span>(2<span class=\"_ _1\"/>3,<span class=\"_ _7\"/>187<span class=\"_ _1\"/>)</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of move<span class=\"_ _1\"/>ment in for<span class=\"_ _1\"/>eign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _217\"> </span>2,865<span class=\"_ _e0\"> </span>808<span class=\"_ _61\"> </span>11,748<span class=\"_ _a3\"> </span><span class=\"ls87 ws3b\">89<span class=\"_ _f5\"> </span></span>124<span class=\"_ _22\"> </span>15,634T<span class=\"_ _6\"/>ransfe<span class=\"_ _1\"/>rs fro<span class=\"_ _1\"/>m / (<span class=\"_ _6\"/>to<span class=\"_ _6\"/>) assets c<span class=\"_ _1\"/>lassified as h<span class=\"_ _1\"/>eld for s<span class=\"_ _1\"/>ale<span class=\"_ _218\"> </span>(1,<span class=\"_ _6\"/>147)<span class=\"_ _d1\"> </span><span class=\"ls87 ws3b\">82<span class=\"_ _1\"/>3<span class=\"_ _87\"> </span></span>1,690-<span class=\"_ _e3\"> </span>-1,366T<span class=\"_ _6\"/>otal changes<span class=\"_ _219\"> </span><span class=\"ls2 ws2\">(15,001)<span class=\"_ _a1\"> </span>12,<span class=\"_ _7\"/>187<span class=\"_ _9b\"> </span>22,602<span class=\"_ _5d\"> </span>5,428<span class=\"_ _ae\"> </span>(281)<span class=\"_ _17b\"> </span>24,935</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er Cost<span class=\"_ _21a\"> </span><span class=\"ls2 ws2\">167<span class=\"_ _7\"/>,<span class=\"_ _6\"/>180<span class=\"_ _f9\"> </span>85<span class=\"_ _1\"/>8,575<span class=\"_ _39\"> </span>834,642<span class=\"_ _6e\"> </span>54,144<span class=\"_ _6f\"> </span>131,023<span class=\"_ _47\"> </span>2,0<span class=\"_ _1\"/>45,564</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _21b\"> </span>(89,596)<span class=\"_ _13\"> </span>(<span class=\"_ _1\"/>758,092)<span class=\"_ _13d\"> </span>(51<span class=\"_ _1\"/>6,696)-(121,085)<span class=\"_ _33\"> </span>(1,485,469)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _21c\"> </span>7<span class=\"_ _0\"/>7,<span class=\"_ _0\"/>5<span class=\"_ _0\"/>8<span class=\"_ _0\"/>4<span class=\"_ _f9\"> </span><span class=\"ls2 ws2\">10<span class=\"_ _1\"/>0,483<span class=\"_ _38\"> </span>317<span class=\"_ _7\"/>,946<span class=\"_ _84\"> </span>5<span class=\"_ _1\"/>4,<span class=\"_ _7\"/>14<span class=\"_ _1\"/>4<span class=\"_ _1c9\"> </span>9,938<span class=\"_ _3a\"> </span><span class=\"ls43 ws4b\">560,095</span></span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _21d\"> </span><span class=\"ff7 fs3 ls1dc ws1e2\">2021</span>Fix<span class=\"_ _1\"/>ed ass<span class=\"_ _1\"/>ets L<span class=\"_ _1\"/>and an<span class=\"_ _1\"/>d Pla<span class=\"_ _1\"/>nt an<span class=\"_ _1\"/>d und<span class=\"_ _1\"/>er buildingsequipment<span class=\"_ _c0\"> </span><span class=\"ls19e ws19e\">Vessels</span>construc<span class=\"_ _1\"/>tion<span class=\"_ _1c9\"> </span>Othe<span class=\"_ _1\"/>r<span class=\"_ _60\"> </span><span class=\"ls1b5 ws1b9\">Total</span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y Cost<span class=\"_ _140\"> </span><span class=\"ff8 fc14 ls2 ws2\">180,6<span class=\"_ _6\"/>13<span class=\"_ _d0\"> </span>896,854<span class=\"_ _c0\"> </span>76<span class=\"_ _6\"/>1,749<span class=\"_ _b4\"> </span>22,588<span class=\"_ _fa\"> </span>133,<span class=\"_ _6\"/>44<span class=\"_ _1\"/>8<span class=\"_ _12\"> </span>1,99<span class=\"_ _1\"/>5,252</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _21b\"> </span><span class=\"ff8 fc14\">(86,87<span class=\"_ _6\"/>4)<span class=\"_ _e5\"> </span>(807<span class=\"_ _3\"/>,391)<span class=\"_ _120\"> </span>(452,613)</span>-(125,331)<span class=\"_ _33\"> </span>(1,472,209)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _211\"> </span><span class=\"fc14 ls2 ws2\">93,7<span class=\"_ _1\"/>39<span class=\"_ _6f\"> </span><span class=\"ls87 ws3b\">89,4<span class=\"_ _1\"/>63<span class=\"_ _f9\"> </span></span>3<span class=\"_ _1\"/>09,<span class=\"_ _6\"/>136<span class=\"_ _b4\"> </span>22,5<span class=\"_ _1\"/>88<span class=\"_ _8d\"> </span>8,<span class=\"_ _7\"/>117<span class=\"_ _d0\"> </span>52<span class=\"_ _1\"/>3,043</span>Change in c<span class=\"_ _6\"/>arr<span class=\"_ _1\"/>ying amount:Investmen<span class=\"_ _7\"/>t<span class=\"_ _1\"/>s<span class=\"_ _21e\"> </span>376<span class=\"_ _22\"> </span><span class=\"ls2 ws2\">25,631<span class=\"_ _6b\"> </span><span class=\"ls1fd ws20a\">7,<span class=\"_ _1\"/>8<span class=\"_ _0\"/>1<span class=\"_ _1\"/>6<span class=\"_ _21f\"> </span></span>40,420<span class=\"_ _61\"> </span><span class=\"ls1e1 ws1e7\">5<span class=\"_ _1\"/>,4<span class=\"_ _1\"/>40<span class=\"_ _65\"> </span></span>7<span class=\"_ _1\"/>9,683</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ans<span class=\"_ _6\"/>fers from fixed asse<span class=\"_ _6\"/>ts under con<span class=\"_ _7\"/>str<span class=\"_ _1\"/>uction<span class=\"_ _ba\"> </span><span class=\"ff8 fc14 ls2 ws2\">1,631<span class=\"_ _21\"> </span>11,664<span class=\"_ _89\"> </span>1,678<span class=\"_ _5f\"> </span>(16,011)<span class=\"_ _21\"> </span>1,038</span>-Depreciation<span class=\"_ _220\"> </span><span class=\"ff8 fc14 ls2 ws2\">(4,890)<span class=\"_ _e3\"> </span>(39,089)<span class=\"_ _39\"> </span>(36,313)</span>-(4,772)<span class=\"_ _e3\"> </span>(85,0<span class=\"_ _1\"/>64)Impairment<span class=\"_ _6\"/> (loss<span class=\"_ _6\"/>) / rev<span class=\"_ _6\"/>ersal<span class=\"_ _215\"> </span><span class=\"ff8 fc14 ls2 ws2\">(185)<span class=\"_ _22\"> </span>(1,<span class=\"_ _6\"/>185)<span class=\"_ _84\"> </span>3,34<span class=\"_ _1\"/>4</span>-<span class=\"_ _e3\"> </span>-1,974Disp<span class=\"_ _1\"/>osals<span class=\"_ _221\"> </span><span class=\"ff8 fc14 ls2 ws2\">(2,046)<span class=\"_ _87\"> </span>(526)<span class=\"_ _6f\"> </span>(1,80<span class=\"_ _1\"/>4)<span class=\"_ _89\"> </span>(16<span class=\"_ _1\"/>6)<span class=\"_ _8e\"> </span>(<span class=\"_ _1\"/>78)<span class=\"_ _37\"> </span>(4,620)</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>ts of move<span class=\"_ _1\"/>ment in for<span class=\"_ _1\"/>eign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _222\"> </span><span class=\"ff8 fc14\">3,960<span class=\"_ _89\"> </span>3,413<span class=\"_ _84\"> </span>12,904<span class=\"_ _87\"> </span>1,885<span class=\"_ _b2\"> </span>478<span class=\"_ _9b\"> </span>22,640</span>T<span class=\"_ _6\"/>ransfe<span class=\"_ _1\"/>rs fro<span class=\"_ _1\"/>m / (<span class=\"_ _6\"/>to<span class=\"_ _6\"/>) assets c<span class=\"_ _1\"/>lassified as h<span class=\"_ _1\"/>eld for s<span class=\"_ _1\"/>ale-(1,075)<span class=\"_ _22\"> </span>(1,417)-(4)<span class=\"_ _c0\"> </span><span class=\"ls2 ws2\">(2,496)</span>T<span class=\"_ _6\"/>otal changes<span class=\"_ _223\"> </span><span class=\"fc14 ls2 ws2\">(1,<span class=\"_ _6\"/>154)<span class=\"_ _6e\"> </span>(1,167)<span class=\"_ _39\"> </span>(13,792)<span class=\"_ _37\"> </span>26,128<span class=\"_ _87\"> </span>2,102<span class=\"_ _7c\"> </span>12,117</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er Cost<span class=\"_ _224\"> </span><span class=\"ff8 fc14 ls2 ws2\">184,982<span class=\"_ _3a\"> </span>908,63<span class=\"_ _1\"/>4<span class=\"_ _f9\"> </span>760,750<span class=\"_ _5f\"> </span>48,7<span class=\"_ _1\"/>16<span class=\"_ _37\"> </span>141,56<span class=\"_ _1\"/>8<span class=\"_ _175\"> </span>2,04<span class=\"_ _1\"/>4,650</span>Accumulate<span class=\"_ _1\"/>d depre<span class=\"_ _1\"/>ciation a<span class=\"_ _1\"/>nd impairm<span class=\"_ _1\"/>ent<span class=\"_ _225\"> </span><span class=\"ff8 fc14\">(92,397)<span class=\"_ _e4\"> </span>(820,338)<span class=\"_ _e4\"> </span>(465,406)</span>-(131,349)<span class=\"_ _122\"> </span>(1,509,490)Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _211\"> </span><span class=\"fc14 ls2 ws2\">92,585<span class=\"_ _6f\"> </span>88,296<span class=\"_ _d0\"> </span>295,34<span class=\"_ _1\"/>4<span class=\"_ _a1\"> </span>4<span class=\"_ _1\"/>8,716<span class=\"_ _24\"> </span>10,219<span class=\"_ _fa\"> </span><span class=\"ls43 ws4b\">535,<span class=\"_ _7\"/>160</span></span>20<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws1f9\">LEASES</span>The r<span class=\"_ _1\"/>ight<span class=\"_ _7\"/>-<span class=\"_ _1\"/>of<span class=\"_ _6\"/>-use asset is sub<span class=\"_ _6\"/>seque<span class=\"_ _1\"/>ntly depre<span class=\"_ _1\"/>ciated using the st<span class=\"_ _1\"/>raight-l<span class=\"_ _6\"/>ine meth<span class=\"_ _1\"/>od from the comme<span class=\"_ _1\"/>ncement date to the ear<span class=\"_ _1\"/>lier of the end of t<span class=\"_ _1\"/>he useful life of the r<span class=\"_ _1\"/>ight<span class=\"_ _7\"/>-<span class=\"_ _1\"/>of<span class=\"_ _6\"/>-use asset or the en<span class=\"_ _1\"/>d of the lease ter<span class=\"_ _1\"/>m. The es<span class=\"_ _1\"/>timated useful lives of ri<span class=\"_ _1\"/>ght<span class=\"_ _7\"/>-of-use assets are determ<span class=\"_ _1\"/>ined on th<span class=\"_ _1\"/>e same basis as those of prope<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>y, plant and equipm<span class=\"_ _1\"/>ent. In ad<span class=\"_ _1\"/>dition, the r<span class=\"_ _1\"/>ight<span class=\"_ _7\"/>-<span class=\"_ _1\"/>of<span class=\"_ _7\"/>-use asset is pe<span class=\"_ _1\"/>riodic<span class=\"_ _1\"/>ally reduce<span class=\"_ _1\"/>d by impairment losses<span class=\"_ _1\"/>, if any<span class=\"_ _6\"/>, and adjusted for certain remeas<span class=\"_ _7\"/>urements of the lease<span class=\"_ _6\"/> liabi<span class=\"_ _6\"/>lity.Right-of-use a<span class=\"_ _6\"/>ssets(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _226\"> </span>Vessels<span class=\"_ _e3\"> </span><span class=\"ls1b5 ws1b9\">Prop<span class=\"_ _1\"/>ert<span class=\"_ _1\"/>y<span class=\"_ _34\"> </span><span class=\"ls198 ws199\">Equipment<span class=\"_ _60\"> </span></span>Total</span>Balan<span class=\"_ _1\"/>ce at 1 Januar<span class=\"_ _1\"/>y 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2<span class=\"_ _94\"> </span>71,026<span class=\"_ _5f\"> </span>67<span class=\"_ _7\"/>,254<span class=\"_ _8d\"> </span><span class=\"ls2 ws2\">5,141<span class=\"_ _6f\"> </span>143,421</span>Balan<span class=\"_ _1\"/>ce at 31 Dece<span class=\"_ _1\"/>mber 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _b0\"> </span>94,906<span class=\"_ _5f\"> </span>94,681<span class=\"_ _d1\"> </span>7<span class=\"_ _7\"/>,317<span class=\"_ _17b\"> </span>196,904Balan<span class=\"_ _1\"/>ce at 1 Januar<span class=\"_ _1\"/>y 20<span class=\"_ _1\"/>21<span class=\"_ _94\"> </span><span class=\"ff8 fc14\">62,637<span class=\"_ _a1\"> </span>68,9<span class=\"_ _1\"/>01<span class=\"_ _5d\"> </span><span class=\"ls1e1 ws1e7\">3,4<span class=\"_ _1\"/>69<span class=\"_ _b3\"> </span></span>135,007</span>Balan<span class=\"_ _1\"/>ce at 31 Dece<span class=\"_ _1\"/>mber 2<span class=\"_ _1\"/>021<span class=\"_ _1b5\"> </span>71,026<span class=\"_ _84\"> </span>67<span class=\"_ _7\"/>,254<span class=\"_ _8d\"> </span><span class=\"ls2 ws2\">5,<span class=\"_ _7\"/>141<span class=\"_ _6f\"> </span>143,421</span>Depreciati<span class=\"_ _1\"/>on <span class=\"ls2 ws2\"> </span>Additions <span class=\"ls2 ws2\"> </span>Depreciati<span class=\"_ _1\"/>on <span class=\"ls2 ws2\"> </span>Additions <span class=\"ls2 ws2\"> </span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)2022202220212021Ves<span class=\"_ _1\"/>se<span class=\"_ _1\"/>ls<span class=\"_ _227\"> </span>14,860<span class=\"_ _5f\"> </span>15,9<span class=\"_ _1\"/>60<span class=\"_ _21\"> </span><span class=\"ff8 fc14\">12,416<span class=\"_ _87\"> </span><span class=\"ls43 ws4b\">7<span class=\"_ _7\"/>,354</span></span>Proper<span class=\"_ _1\"/>ty<span class=\"_ _228\"> </span>13,755<span class=\"_ _5f\"> </span>39,9<span class=\"_ _1\"/>91<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">12,29<span class=\"_ _1\"/>9<span class=\"_ _21f\"> </span>10,898</span>Equip<span class=\"_ _1\"/>ment<span class=\"_ _2a\"> </span>3,059<span class=\"_ _70\"> </span>4,743<span class=\"_ _5d\"> </span><span class=\"ff8 fc14\">2,32<span class=\"_ _1\"/>5<span class=\"_ _73\"> </span>3,072</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _229\"> </span>31,674<span class=\"_ _c0\"> </span>60,694<span class=\"_ _21f\"> </span><span class=\"fc14 ls43 ws4b\">27<span class=\"_ _7\"/>,040<span class=\"_ _84\"> </span><span class=\"ls2 ws2\">21,324</span></span>21<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls11c ws3e\">INT<span class=\"_ _7\"/>ANGIBLE<span class=\"_ _7\"/> ASSETS<span class=\"_ _6\"/> INCL<span class=\"_ _6\"/>UDING<span class=\"_ _7\"/> GOOD<span class=\"_ _6\"/>WILL</span>Amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation is based on t<span class=\"_ _1\"/>he cost of an asset less its residual v<span class=\"_ _1\"/>alue. Am<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tisation is recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss on a straig<span class=\"_ _1\"/>ht<span class=\"_ _7\"/>-line basis over the es<span class=\"_ _1\"/>timated useful lives of intangible asset<span class=\"_ _1\"/>s unless such lives are indef<span class=\"_ _1\"/>inite. Go<span class=\"_ _1\"/>odwill and intan<span class=\"_ _1\"/>gible assets wit<span class=\"_ _1\"/>h an indef<span class=\"_ _1\"/>inite life are annually tested fo<span class=\"_ _1\"/>r impairment or wh<span class=\"_ _1\"/>en there is an indic<span class=\"_ _1\"/>ation for impairme<span class=\"_ _1\"/>nt. Ot<span class=\"_ _1\"/>her intangible asset<span class=\"_ _1\"/>s and sof<span class=\"_ _1\"/>tw<span class=\"_ _1\"/>are are amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d from th<span class=\"_ _1\"/>e date they are available fo<span class=\"_ _1\"/>r their intende<span class=\"_ _1\"/>d use. The es<span class=\"_ _1\"/>timated useful life of sof<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ware and ot<span class=\"_ _1\"/>her capit<span class=\"_ _1\"/>alised develop<span class=\"_ _1\"/>ment costs is, in g<span class=\"_ _1\"/>eneral<span class=\"_ _1\"/>, five ye<span class=\"_ _1\"/>ars. A<span class=\"_ _1\"/>mor<span class=\"_ _1\"/>tisation m<span class=\"_ _1\"/>ethods<span class=\"_ _1\"/>, useful lives and residual v<span class=\"_ _1\"/>alues are revi<span class=\"_ _1\"/>ewed at eac<span class=\"_ _1\"/>h repor<span class=\"_ _1\"/>ting date an<span class=\"_ _1\"/>d adjusted if appropriate.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _22c\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _22d\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>E&amp;<span class=\"_ _1\"/>E (<span class=\"_ _1\"/>Fin<span class=\"_ _1\"/>de<span class=\"_ _1\"/>r/E&amp;<span class=\"_ _1\"/>E (<span class=\"_ _1\"/>Fin<span class=\"_ _1\"/>de<span class=\"_ _1\"/>r/Good<span class=\"_ _1\"/>will Th<span class=\"_ _1\"/>ei<span class=\"_ _1\"/>a) <span class=\"_ _36\"> </span><span class=\"ls2 ws2\">S<span class=\"_ _1\"/>of<span class=\"_ _1\"/>t<span class=\"_ _1\"/>war<span class=\"_ _1\"/>e <span class=\"_ _22\"> </span>Oth<span class=\"_ _1\"/>er <span class=\"_ _87\"> </span><span class=\"ls1b5 ws1b9\">Total<span class=\"_ _111\"> </span><span class=\"ls19e ws19e\">Go<span class=\"_ _1\"/>odwill </span></span></span>Th<span class=\"_ _1\"/>ei<span class=\"_ _1\"/>a) <span class=\"_ _36\"> </span><span class=\"ls2 ws2\">S<span class=\"_ _1\"/>of<span class=\"_ _1\"/>t<span class=\"_ _1\"/>war<span class=\"_ _1\"/>e <span class=\"_ _22\"> </span>Oth<span class=\"_ _1\"/>er <span class=\"_ _87\"> </span><span class=\"ls1b5 ws1b9\">Total</span></span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y Cost<span class=\"_ _22e\"> </span>587<span class=\"_ _7\"/>,<span class=\"_ _6\"/>188<span class=\"_ _65\"> </span>38,459<span class=\"_ _21\"> </span>17<span class=\"_ _7\"/>,0<span class=\"_ _1\"/>07<span class=\"_ _65\"> </span>25,964<span class=\"_ _17b\"> </span>668,618<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">560,467<span class=\"_ _6e\"> </span>3<span class=\"_ _1\"/>5,621<span class=\"_ _6e\"> </span>22,514<span class=\"_ _22\"> </span>31,874<span class=\"_ _39\"> </span>65<span class=\"_ _1\"/>0,47<span class=\"_ _6\"/>6</span>Accumulated amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation and impairm<span class=\"_ _1\"/>ent<span class=\"_ _4b\"> </span>(317<span class=\"_ _7\"/>,672)<span class=\"_ _d0\"> </span>(20,766)<span class=\"_ _2b\"> </span>(1<span class=\"_ _1\"/>6,909)<span class=\"_ _d0\"> </span>(2<span class=\"_ _1\"/>3,432)<span class=\"_ _10b\"> </span>(378,7<span class=\"_ _1\"/>79)<span class=\"_ _36\"> </span><span class=\"ff8 fc14\">(302,818)<span class=\"_ _86\"> </span>(18,467)<span class=\"_ _d0\"> </span>(22,237<span class=\"_ _1\"/>)<span class=\"_ _9f\"> </span>(29,663)<span class=\"_ _e5\"> </span>(373,185)</span>Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _128\"> </span>26<span class=\"_ _6\"/>9,516<span class=\"_ _24\"> </span>17<span class=\"_ _7\"/>,693<span class=\"_ _22f\"> </span>98<span class=\"_ _5d\"> </span>2,532<span class=\"_ _d0\"> </span>289,839<span class=\"_ _86\"> </span><span class=\"fc14\">25<span class=\"_ _1\"/>7<span class=\"_ _7\"/>,649<span class=\"_ _61\"> </span>17<span class=\"_ _7\"/>,154<span class=\"_ _b1\"> </span><span class=\"ls43 ws4b\">277<span class=\"_ _60\"> </span></span>2,<span class=\"_ _1\"/>211<span class=\"_ _f2\"> </span><span class=\"ls43 ws4b\">27<span class=\"_ _1\"/>7<span class=\"_ _3\"/>,291</span></span>Change in c<span class=\"_ _6\"/>arr<span class=\"_ _1\"/>ying amount:Purc<span class=\"_ _1\"/>hase of intangib<span class=\"_ _1\"/>le asset<span class=\"_ _1\"/>s-<span class=\"_ _e3\"> </span>-927<span class=\"_ _b2\"> </span><span class=\"ls1f1 ws1f5\">305<span class=\"_ _89\"> </span></span>1,2<span class=\"_ _1\"/>32-<span class=\"_ _e3\"> </span>-22<span class=\"_ _df\"> </span><span class=\"ls87 ws3b\">69<span class=\"_ _1\"/>6<span class=\"_ _e\"> </span></span>7<span class=\"_ _1\"/>18Other additions-1,245-<span class=\"_ _e3\"> </span>-1,245-1,648-<span class=\"_ _e3\"> </span>-1,648Amor<span class=\"_ _1\"/>tisation-<span class=\"_ _e3\"> </span>-(123)<span class=\"_ _60\"> </span>(412)<span class=\"_ _87\"> </span>(535)-<span class=\"_ _e3\"> </span>-(90)<span class=\"_ _70\"> </span><span class=\"ls87 ws3b\">(4<span class=\"_ _1\"/>67<span class=\"_ _1\"/>)<span class=\"_ _87\"> </span></span>(55<span class=\"_ _1\"/>7)Impairme<span class=\"_ _1\"/>nt-(1,252)-<span class=\"_ _e3\"> </span>-(1,252)-(1,662)-<span class=\"_ _e3\"> </span>-(1,662)Disp<span class=\"_ _1\"/>osals-(70<span class=\"_ _1\"/>0)-(2)<span class=\"_ _87\"> </span>(<span class=\"_ _1\"/>702)-<span class=\"_ _e3\"> </span>-(120)<span class=\"_ _1b\"> </span>(9)<span class=\"_ _6b\"> </span>(129)Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of movement<span class=\"_ _1\"/>s in foreign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _1b7\"> </span>2,962<span class=\"_ _fc\"> </span>21<span class=\"_ _ed\"> </span><span class=\"ls43 ws4b\">(27)<span class=\"_ _d2\"> </span></span>(34)<span class=\"_ _22\"> </span>2,922<span class=\"_ _20\"> </span><span class=\"ff8 fc14\">11,867<span class=\"_ _b2\"> </span><span class=\"ls43 ws4b\">553<span class=\"_ _99\"> </span></span>9<span class=\"_ _1b\"> </span>101<span class=\"_ _5f\"> </span>12,530</span>T<span class=\"_ _7\"/>otal changes<span class=\"_ _230\"> </span>2,962<span class=\"_ _6b\"> </span>(6<span class=\"_ _1\"/>86)<span class=\"_ _1a\"> </span><span class=\"ls161 ws16e\">777<span class=\"_ _1a\"> </span></span>(143)<span class=\"_ _24\"> </span>2,910<span class=\"_ _21\"> </span><span class=\"fc14\">11,867<span class=\"_ _231\"> </span>539<span class=\"_ _8e\"> </span>(17<span class=\"_ _1\"/>9)<span class=\"_ _ae\"> </span>321<span class=\"_ _84\"> </span>12,54<span class=\"_ _1\"/>8</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er Cost<span class=\"_ _232\"> </span>595,172<span class=\"_ _5f\"> </span>38,<span class=\"_ _6\"/>198<span class=\"_ _5d\"> </span>9,663<span class=\"_ _84\"> </span>12,04<span class=\"_ _1\"/>8<span class=\"_ _fa\"> </span>65<span class=\"_ _1\"/>5,081<span class=\"_ _b3\"> </span><span class=\"ff8 fc14\">5<span class=\"_ _1\"/>87<span class=\"_ _3\"/>,188<span class=\"_ _9b\"> </span>38,459<span class=\"_ _21\"> </span>17<span class=\"_ _7\"/>,007<span class=\"_ _65\"> </span>25,964<span class=\"_ _f9\"> </span>668,618</span>Accumulated amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation and impairm<span class=\"_ _1\"/>ent<span class=\"_ _1d3\"> </span>(322,694)<span class=\"_ _9b\"> </span>(21,<span class=\"_ _6\"/>191)<span class=\"_ _6f\"> </span>(8,788)<span class=\"_ _6f\"> </span>(9,659)<span class=\"_ _12\"> </span>(362,332)<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">(317<span class=\"_ _7\"/>,672)<span class=\"_ _17c\"> </span>(20,766)<span class=\"_ _2b\"> </span>(16,90<span class=\"_ _1\"/>9)<span class=\"_ _17c\"> </span>(2<span class=\"_ _1\"/>3,<span class=\"_ _6\"/>432)<span class=\"_ _36\"> </span>(378,7<span class=\"_ _1\"/>79)</span>Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _233\"> </span>272,478<span class=\"_ _24\"> </span>17<span class=\"_ _7\"/>,007<span class=\"_ _b2\"> </span>875<span class=\"_ _61\"> </span>2,389<span class=\"_ _86\"> </span>292,749<span class=\"_ _17b\"> </span><span class=\"fc14\">269,516<span class=\"_ _22\"> </span>17<span class=\"_ _7\"/>,693<span class=\"_ _22f\"> </span>98<span class=\"_ _73\"> </span>2,532<span class=\"_ _d0\"> </span>289,839</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-86-11": {
   "value": "19.<span class=\"_ _1\"/> <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls1c0 ws1cd\">PROPERTY,<span class=\"_ _7\"/> PL<span class=\"_ _1\"/>ANT AND EQUIPM<span class=\"_ _1\"/>ENT</span>Dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n is based on the cost of an asset less it<span class=\"_ _1\"/>s residual value<span class=\"_ _1\"/>. Significant compon<span class=\"_ _1\"/>ents of individual asset<span class=\"_ _1\"/>s are assessed and if a comp<span class=\"_ _1\"/>onent has a useful life that is diffe<span class=\"_ _1\"/>rent from th<span class=\"_ _1\"/>e remainder of that asset<span class=\"_ _1\"/>, that compon<span class=\"_ _1\"/>ent is depreciate<span class=\"_ _1\"/>d separ<span class=\"_ _1\"/>ately. Dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n is recognised in prof<span class=\"_ _1\"/>it or loss on a str<span class=\"_ _1\"/>aight-<span class=\"_ _6\"/>line basis over the estimate<span class=\"_ _1\"/>d useful lives of each comp<span class=\"_ _1\"/>onent of an item of pr<span class=\"_ _1\"/>oper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipment<span class=\"_ _1\"/>. Dep<span class=\"_ _1\"/>reciatio<span class=\"_ _1\"/>n methods<span class=\"_ _1\"/>, useful lives and residual v<span class=\"_ _1\"/>alues are revi<span class=\"_ _1\"/>ewed at ea<span class=\"_ _1\"/>ch repor<span class=\"_ _1\"/>ting date and adjusted if app<span class=\"_ _1\"/>ropriate. T<span class=\"_ _1\"/>he estimated usef<span class=\"_ _1\"/>ul lives for the cur<span class=\"_ _1\"/>rent and comparat<span class=\"_ _1\"/>ive peri<span class=\"_ _1\"/>od of signific<span class=\"_ _1\"/>ant items of proper<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y, plant and equipme<span class=\"_ _1\"/>nt are as follows:Category<span class=\"_ _13f\"> </span><span class=\"ff2 fs36 ls208 ws214\">Yea<span class=\"_ _1\"/>r<span class=\"_ _1\"/>s</span>L<span class=\"_ _1\"/>and<span class=\"_ _20c\"> </span><span class=\"ls2 ws2\">Infinite</span>Buildings <span class=\"_ _20d\"> </span>20 \u2013 40Plant and e<span class=\"_ _1\"/>quipment inc<span class=\"_ _1\"/>luding ROVs<span class=\"_ _1\"/>, USVs, a<span class=\"_ _1\"/>erial vehi<span class=\"_ _1\"/>cles, e<span class=\"_ _1\"/>tc.<span class=\"_ _1a8\"> </span>3 \u2013 10Vessels including ja<span class=\"_ _1\"/>ck-up platfor<span class=\"_ _1\"/>ms<span class=\"_ _1bb\"> </span>2 \u2013 25Other<span class=\"_ _71\"> </span><span class=\"ls2 ws2\">1 \u2013 5</span>20<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws1f9\">LEASES</span>The r<span class=\"_ _1\"/>ight<span class=\"_ _7\"/>-<span class=\"_ _1\"/>of<span class=\"_ _6\"/>-use asset is sub<span class=\"_ _6\"/>seque<span class=\"_ _1\"/>ntly depre<span class=\"_ _1\"/>ciated using the st<span class=\"_ _1\"/>raight-l<span class=\"_ _6\"/>ine meth<span class=\"_ _1\"/>od from the comme<span class=\"_ _1\"/>ncement date to the ear<span class=\"_ _1\"/>lier of the end of t<span class=\"_ _1\"/>he useful life of the r<span class=\"_ _1\"/>ight<span class=\"_ _7\"/>-<span class=\"_ _1\"/>of<span class=\"_ _6\"/>-use asset or the en<span class=\"_ _1\"/>d of the lease ter<span class=\"_ _1\"/>m. The es<span class=\"_ _1\"/>timated useful lives of ri<span class=\"_ _1\"/>ght<span class=\"_ _7\"/>-of-use assets are determ<span class=\"_ _1\"/>ined on th<span class=\"_ _1\"/>e same basis as those of prope<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>y, plant and equipm<span class=\"_ _1\"/>ent. In ad<span class=\"_ _1\"/>dition, the r<span class=\"_ _1\"/>ight<span class=\"_ _7\"/>-<span class=\"_ _1\"/>of<span class=\"_ _7\"/>-use asset is pe<span class=\"_ _1\"/>riodic<span class=\"_ _1\"/>ally reduce<span class=\"_ _1\"/>d by impairment losses<span class=\"_ _1\"/>, if any<span class=\"_ _6\"/>, and adjusted for certain remeas<span class=\"_ _7\"/>urements of the lease<span class=\"_ _6\"/> liabi<span class=\"_ _6\"/>lity.Fugro incur<span class=\"_ _1\"/>s explor<span class=\"_ _1\"/>ation and e<span class=\"_ _1\"/>valuation (<span class=\"_ _1\"/>E&amp;E<span class=\"_ _1\"/>) cost<span class=\"_ _1\"/>s in Australian are<span class=\"_ _1\"/>as of in<span class=\"_ _6\"/>terest in cooperation with Finder<span class=\"_ _6\"/> Explor<span class=\"_ _1\"/>ation Pt<span class=\"_ _1\"/>y Ltd (Fi<span class=\"_ _6\"/>nder),<span class=\"_ _6\"/> Theia Energy Pt<span class=\"_ _1\"/>y Ltd (<span class=\"_ _1\"/>Theia)<span class=\"_ _6\"/> and Finder re<span class=\"_ _1\"/>lated par<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>. These asset<span class=\"_ _1\"/>s are considered n<span class=\"_ _1\"/>on-core business. E&amp;<span class=\"_ _1\"/>E assets are classified as intan<span class=\"_ _1\"/>gible assets<span class=\"_ _1\"/>, as they t<span class=\"_ _1\"/>ypic<span class=\"_ _1\"/>ally relate to drilling per<span class=\"_ _1\"/>mits<span class=\"_ _1\"/>. E&amp;E exp<span class=\"_ _1\"/>enditure results in cer<span class=\"_ _1\"/>tain ite<span class=\"_ _1\"/>ms of expendit<span class=\"_ _1\"/>ure being cap<span class=\"_ _1\"/>italised for an ar<span class=\"_ _1\"/>ea of interest whe<span class=\"_ _1\"/>re it is considered likely to b<span class=\"_ _1\"/>e recover<span class=\"_ _1\"/>able. This p<span class=\"_ _1\"/>olic<span class=\"_ _1\"/>y requires manage<span class=\"_ _1\"/>ment to make cer<span class=\"_ _1\"/>tain estimates and assumptions as to futur<span class=\"_ _1\"/>e events and circumst<span class=\"_ _1\"/>ances, in particular whether an<span class=\"_ _6\"/> economically<span class=\"_ _6\"/> viable extrac<span class=\"_ _1\"/>tion operation can be establ<span class=\"_ _7\"/>ished by the par<span class=\"_ _1\"/>ti<span class=\"_ _1\"/>es involved. T<span class=\"_ _1\"/>hese estimates and assumptions inclu<span class=\"_ _1\"/>de the rele<span class=\"_ _1\"/>vant regulator<span class=\"_ _1\"/>y environm<span class=\"_ _1\"/>ent may change as new infor<span class=\"_ _1\"/>mation be<span class=\"_ _1\"/>comes available<span class=\"_ _1\"/>. A regular revi<span class=\"_ _1\"/>ew of each area of inter<span class=\"_ _1\"/>est is under<span class=\"_ _1\"/>taken to dete<span class=\"_ _1\"/>rmine the app<span class=\"_ _1\"/>ropriaten<span class=\"_ _1\"/>ess of continuing to carr<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ward costs in re<span class=\"_ _1\"/>lation to that area<span class=\"_ _1\"/>. Capit<span class=\"_ _1\"/>alised costs are onl<span class=\"_ _1\"/>y carrie<span class=\"_ _1\"/>d for<span class=\"_ _1\"/>ward to the ex<span class=\"_ _1\"/>tent that th<span class=\"_ _1\"/>ey are exp<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d to be re<span class=\"_ _1\"/>covered. A<span class=\"_ _1\"/>cc<span class=\"_ _6\"/>ordingly, E&amp;<span class=\"_ _1\"/>E assets are not amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d, but assessed fo<span class=\"_ _1\"/>r impairment indicat<span class=\"_ _1\"/>ions. If, af<span class=\"_ _1\"/>ter having capit<span class=\"_ _1\"/>alised the exp<span class=\"_ _1\"/>enditure under t<span class=\"_ _1\"/>he polic<span class=\"_ _1\"/>y, a judgem<span class=\"_ _1\"/>ent is made that recover<span class=\"_ _1\"/>y of th<span class=\"_ _1\"/>e expen<span class=\"_ _1\"/>diture is unlikely, the relev<span class=\"_ _1\"/>ant capitalise<span class=\"_ _1\"/>d amount will be wr<span class=\"_ _1\"/>itten of<span class=\"_ _1\"/>f to the st<span class=\"_ _1\"/>atement of comprehen<span class=\"_ _6\"/>sive<span class=\"_ _6\"/> income.Research<span class=\"_ _6\"/> expenditure on r<span class=\"_ _6\"/>esearch activities, undertaken with the pro<span class=\"_ _6\"/>spect of gaini<span class=\"_ _6\"/>ng new sci<span class=\"_ _1\"/>entific or te<span class=\"_ _1\"/>chnical kn<span class=\"_ _1\"/>owled<span class=\"_ _1\"/>ge and under<span class=\"_ _1\"/>standing<span class=\"_ _1\"/>, is recognised in pr<span class=\"_ _1\"/>ofit or loss as incurre<span class=\"_ _1\"/>d. Devel<span class=\"_ _1\"/>opment ac<span class=\"_ _1\"/>tivit<span class=\"_ _1\"/>ies involve a plan or design f<span class=\"_ _1\"/>or the pro<span class=\"_ _1\"/>duct<span class=\"_ _1\"/>ion of new or substantially improve<span class=\"_ _1\"/>d produc<span class=\"_ _1\"/>ts an<span class=\"_ _1\"/>d processes. D<span class=\"_ _1\"/>evelop<span class=\"_ _1\"/>ment exp<span class=\"_ _1\"/>enditure is capit<span class=\"_ _1\"/>alised only if deve<span class=\"_ _1\"/>lopment cost<span class=\"_ _1\"/>s can be measured r<span class=\"_ _1\"/>eliably, the pro<span class=\"_ _1\"/>duct or p<span class=\"_ _1\"/>rocess is technically and c<span class=\"_ _6\"/>ommercial<span class=\"_ _6\"/>ly feas<span class=\"_ _6\"/>ible, future<span class=\"_ _6\"/> economic benefits are probable, a<span class=\"_ _6\"/>nd the Group intends to and has suff<span class=\"_ _1\"/>icient resources to comple<span class=\"_ _1\"/>te developm<span class=\"_ _1\"/>ent and to use or sell the asset. T<span class=\"_ _1\"/>he capitalise<span class=\"_ _1\"/>d expen<span class=\"_ _1\"/>diture includes th<span class=\"_ _1\"/>e cost of materials, direc<span class=\"_ _1\"/>t labour, overhe<span class=\"_ _1\"/>ad costs that are dire<span class=\"_ _1\"/>ctl<span class=\"_ _1\"/>y attr<span class=\"_ _1\"/>ibutable to p<span class=\"_ _1\"/>reparing th<span class=\"_ _1\"/>e asset for its intend<span class=\"_ _1\"/>ed use, and capitali<span class=\"_ _6\"/>sed borrowing co<span class=\"_ _6\"/>sts. Oth<span class=\"_ _1\"/>er dev<span class=\"_ _6\"/>elopment expenditu<span class=\"_ _6\"/>re is r<span class=\"_ _6\"/>ecognised i<span class=\"_ _6\"/>n profit or<span class=\"_ _6\"/> loss as incurre<span class=\"_ _1\"/>d. Capit<span class=\"_ _1\"/>alised develo<span class=\"_ _1\"/>pment exp<span class=\"_ _1\"/>enditure is measured at cost less accumulated amor<span class=\"_ _1\"/>tisati<span class=\"_ _1\"/>on and accumulated impairm<span class=\"_ _1\"/>ent losses.Amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation is based on t<span class=\"_ _1\"/>he cost of an asset less its residual v<span class=\"_ _1\"/>alue. Am<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tisation is recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss on a straig<span class=\"_ _1\"/>ht<span class=\"_ _7\"/>-line basis over the es<span class=\"_ _1\"/>timated useful lives of intangible asset<span class=\"_ _1\"/>s unless such lives are indef<span class=\"_ _1\"/>inite. Go<span class=\"_ _1\"/>odwill and intan<span class=\"_ _1\"/>gible assets wit<span class=\"_ _1\"/>h an indef<span class=\"_ _1\"/>inite life are annually tested fo<span class=\"_ _1\"/>r impairment or wh<span class=\"_ _1\"/>en there is an indic<span class=\"_ _1\"/>ation for impairme<span class=\"_ _1\"/>nt. Ot<span class=\"_ _1\"/>her intangible asset<span class=\"_ _1\"/>s and sof<span class=\"_ _1\"/>tw<span class=\"_ _1\"/>are are amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d from th<span class=\"_ _1\"/>e date they are available fo<span class=\"_ _1\"/>r their intende<span class=\"_ _1\"/>d use. The es<span class=\"_ _1\"/>timated useful life of sof<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ware and ot<span class=\"_ _1\"/>her capit<span class=\"_ _1\"/>alised develop<span class=\"_ _1\"/>ment costs is, in g<span class=\"_ _1\"/>eneral<span class=\"_ _1\"/>, five ye<span class=\"_ _1\"/>ars. A<span class=\"_ _1\"/>mor<span class=\"_ _1\"/>tisation m<span class=\"_ _1\"/>ethods<span class=\"_ _1\"/>, useful lives and residual v<span class=\"_ _1\"/>alues are revi<span class=\"_ _1\"/>ewed at eac<span class=\"_ _1\"/>h repor<span class=\"_ _1\"/>ting date an<span class=\"_ _1\"/>d adjusted if appropriate.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-86-12": {
   "value": "19.  PROPERTY, PLANT AND EQUIPMENTDepreciation is based on the cost of an asset less its residual value. Significant components of individual assets are assessed and if a component has a useful life that is different from the remainder of that asset, that component is depreciated separately. Depreciation is recognised in profit or loss on a straight-line basis over the estimated useful lives of each component of an item of property, plant and equipment. Depreciation methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate. The estimated useful lives for the current and comparative period of significant items of property, plant and equipment are as follows:Category YearsLand InfiniteBuildings  20 \u2013 40Plant and equipment including ROVs, USVs, aerial vehicles, etc. 3 \u2013 10Vessels including jack-up platforms 2 \u2013 25Other 1 \u2013 520.  LEASESThe right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. The estimated useful lives of right-of-use assets are determined on the same basis as those of property, plant and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-96-4": {
   "value": "20.  LEASESAccounting policies Fugro as lesseeDefinition of a leaseAt inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. At inception or on reassessment of a contract that contains a lease component and one or more additional lease or non-lease components, the Group allocates the consideration in the contract to each lease component on the basis of their relative stand-alone selling prices. However, for leases of property and equipment, the Group has elected not to separate non-lease components and account for the lease and non-lease components as a single lease component. Recognition and measurementThe Group recognises a right-of-use asset and lease liability at the lease commencement date. The Group applies the short-term lease recognition exemption to its short term leases of vessels, property and equipment (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). The Group also applies the lease of low-value assets recognition exemption. Lease payments on short-term leases and leases of low-value assets are recognised as an expense on a straight-line basis over the lease term.The right-of-use asset is initially measured at cost. Cost comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. The estimated useful lives of right-of-use assets are determined on the same basis as those of property, plant and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.The lease liability is measured at the present value of the lease payments that are not paid at the commencement date. The discount rate is the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group\u2019s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the discount rate.The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease, if it is reasonably certain not to be exercised.Lease payments included in the measurement of the lease liability comprise the following: \u25a0fixed payments, including in-substance fixed payments; \u25a0variable lease payments that depend on an index, initially measured using the index as at the commencement date; \u25a0amounts expected to be payable under a residual value guarantee; and \u25a0the exercise price under a purchase option that the Group is reasonably certain to exercise, lease payments in an optional renewal period if the Group is reasonably certain to exercise an extension option; and \u25a0penalties for early termination of a lease unless the Group is reasonably certain not to terminate early.The lease liability is measured at amortised cost using the effective interest method. It is remeasured when: \u25a0there is a change in future lease payments arising from a change in an index or if there is a change in the Group\u2019s estimate of the amount expected to be payable under a residual value guarantee. In these cases, the lease liability is remeasured by discounting the revised lease payments by using the initial discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used); \u25a0the Group changes its assessment of whether it will exercise a purchase, extension or termination option. In this case, the lease liability is remeasured by discounting the revised lease payments using a revised discount rate; \u25a0a lease contract is modified and the lease modification is not accounted for as a separate lease. In this case, the lease liability is remeasured by discounting the revised lease payments using a revised discount rate.When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit and loss if the carrying amount of the right-of-use asset has been reduced to zero.Lease payments are allocated between the liability and finance expenses (interest costs). The finance cost is charged to the consolidated statement of comprehensive income over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period.Accounting policies Fugro as lessorThe Group does not act as lessor. Accordingly, no accounting policies for lessors are applicable.The Group\u2019s lease portfolio consists of vessels, property and equipment.VesselsThe non-cancellable periods of vessel leases vary from 3 to 9 years. The Group has options to extend, terminate or purchase certain vessel leases. These options facilitate the Group\u2019s asset portfolio management to market conditions. Periods covered by extension options and termination options are generally not reflected in the lease term, due to the reasonably certain threshold. Purchase options are not reasonably certain to be exercised, with the exception of the geotechnical vessels Fugro Scout and Fugro Voyager as further explained below. Lease payments generally include a fixed component (e.g. a fixed day rate). In addition, variable lease payments based on the utilisation of vessels are applied in the industry. The Group typically guarantees a minimum utilisation rate (e.g. a minimum number of charter days per annum at a predetermined day rate), which is reflected in the lease liability. The sensitivity of reported information to the aforementioned variables (e.g. future variable lease payments) is low.PropertyThe Group has more than 200 property leases, which consist of land and buildings (e.g. offices, laboratory facilities, warehouses and housing). The lease terms vary from 2 to 20 years. Land leases have longer durations than buildings. The operational and financial effects of extension or termination options are not significant. In particular, some leases of office buildings contain extension options exercisable by the Group which provide operational flexibility. The Group assesses at lease commencement whether it is reasonably certain to exercise the options. The Group reassesses whether it is reasonably certain to exercise the options if there is a significant event or significant change in circumstances within its control. The prevalence of the exercise of options that were not included in the measurement of lease liabilities is low. Fixed lease payments are generally subject to periodic adjustment to market rentals by means of a retail price index and/or in-substance fixed annual rent escalations. The relative magnitude of rent escalations and retail price index adjustments compared to the fixed lease payments is not significant.EquipmentThe Group has more than 450 equipment leases, comprising vehicles, IT equipment (data storage, copiers, printers, scanners, servers etc.), telecom (telecom, radio and satellite devices), aerial vehicles, drilling equipment, compressors, subsea equipment and cranes. The average lease term is 2 years. The lease payments are generally fixed in nature.Right-of-use assets(EUR x 1,000) Vessels Property Equipment TotalBalance at 1 January 2022 71,026 67,254 5,141 143,421Balance at 31 December 2022 94,906 94,681 7,317 196,904Balance at 1 January 2021 62,637 68,901 3,469 135,007Balance at 31 December 2021 71,026 67,254 5,141 143,421Depreciation  Additions  Depreciation  Additions  (EUR x 1,000)2022202220212021Vessels 14,860 15,960 12,416 7,354Property 13,755 39,991 12,299 10,898Equipment 3,059 4,743 2,325 3,072Total 31,674 60,694 27,040 21,324The geotechnical vessels Fugro Voyager and Fugro Scout are currently leased. To secure availability of these vessels in the future, Fugro exercised its purchase options on 28 February 2022. The expected delivery date is 14 July 2023. The net impact of the remeasurement adjustment was a EUR 20.2 million increase in right-of-use assets and a EUR 14.0 million reduction of the lease liability. The cash payment in consequence of exercising the purchase options will be net of the deposit which was presented in other investments (EUR 30.7 million) and is now included as part of the carrying amount of the right of use asset. Fugro is currently investigating financing alternatives and structures with the lessor. A further remeasurement adjustment may be required in the future, after completion of ongoing negotiations. Additions exclude the remeasurements as explained above, and relate, among others, to a new office building in MEI and new vessel leases.Refer to note 34 \u2018Financial risk management\u2019 for the maturities of lease liabilities.Amounts recognised in profit and loss(EUR x 1,000) 2022 2021Interest on lease liabilities 6,391 5,581Variable lease payments not included in the measurement of lease liabilities 11,792 6,212Low-value asset expense 12,393 10,128Expenses relating to short-term leases 130,283 99,635Amounts recognised in the statement of cash flows(EUR x 1,000) 2022 2021Total cash outflow for leases 42,335 31,180Fugro does not act as lessor.The same additional climate-related impairment trigger assessment as explained in note 19 was performed for leased vessels. Fugro considers the availability of \u2018green\u2019 leases. Vessel conversion plans (e.g. hybrid technology) also cover material leased vessels. No triggering events were identified.Sale and leasebackFugro occasionally enters into a sale and leaseback transaction to free up capital through asset-based financing of non-operating assets at favourable terms, whilst continuing to use such assets. On 14 September 2022, Fugro signed a sale and leaseback arrangement for the Nootdorp property in the Netherlands with a third party. The property was sold for a cash consideration of EUR 25.2 million (excluding VAT and real estate transfer tax). The fair value of the property was estimated at EUR 22.7 million. The lease term is twenty years, excluding extension options up to thirty years. Lease payments are predetermined and subject to customary annual indexations. Fugro has a right of first refusal to acquire the property during the lease at the same arm\u2019s length price as a third party agrees to pay to the lessor for the sale of the property. The transaction qualifies as a sale applying  IFRS 15.Fugro accounted for the disposal of the property with a right of use asset and lease liability recognised in respect of the leaseback on 15 September 2022 (the closing date). The cash consideration of the sale exceeds the fair value of the property. This above-market term amounting to EUR 2.5 million was treated as additional financing provided to Fugro by the buyer-lessor and excluded from the gain on sale calculation. The partial gain recognition method in IFRS 16 was applied, considering the proportion of rights transferred to the buyer/lessor and rights retained by Fugro. Accordingly, a gain on sale of the property was determined at EUR 583 thousand and presented in other income. The total cash inflow of EUR 25.2 million was presented as a financing cash inflow of EUR 18.0 million (reflecting the rights retained by Fugro) and an investing cash inflow of EUR 7.2 million (reflecting the rights transferred by Fugro) in the consolidated statement of cash flows. The financing cash inflow is the sum of the lease liability and additional financing provided by the buyer/lessor. The remaining amount is the investing cash inflow.34.  FINANCIAL RISK MANAGEMENT34.3  Liquidity riskThe following are the contractual maturities of financial liabilities including interest payments:(EUR x 1,000) 2022Carrying Contractual 6 months  More than  amountcash flowsor less 7 \u2013 12 months 1 \u2013 2 years 3 \u2013 5 years5 yearsSenior term loan EUR 200 million 200,234 225,372 4,283 4,213 8,426 208,450-Subordinated unsecured convertible bonds in EUR 100,000 40,348 46,324 956 956 44,412- -Lease liabilities 168,974 232,238 22,521 55,903 31,245 43,251 79,318Other loans and long-term borrowings  4,886 4,886-3,801 1,085- -Trade and other payables 410,794 410,794 410,794- - - -Bank overdraft 2,059 2,059 2,059- - - -Balance at 31 December 827,295 921,673 440,613 64,873 85,168 251,701 79,318(EUR x 1,000) 2021Carrying Contractual 6 months  More than  amountcash flowsor less 7 \u2013 12 months 1 \u2013 2 years 3 \u2013 5 years5 yearsSuper senior revolving credit facility in EUR 250 million 12,521 12,592 12,592- - - -Super senior term loan EUR 200 million 186,217 214,419 5,671 6,212 202,536- -Subordinated unsecured convertible bonds in EUR 100,000 92,123 113,500 2,250 111,250- - -Lease liabilities 147,424 186,226 16,045 14,586 25,929 66,328 63,338Other loans and long-term borrowings  1,558 1,558 1,558- - - -Trade and other payables 383,007 383,007 383,007- - - -Bank overdraft 1,824 1,824 1,824- - - -Balance at 31 December 824,674 913,126 422,947 132,048 228,465 66,328 63,338The interest included in the above table is based on the current amounts borrowed with current interest rates against the current exchange rate (if applicable). No assumptions are included for possible future changes in borrowings, interest payments or the one year term-extending option on the senior RCF and senior term loan. It is not expected that the cash flows included in the maturity analysis could occur significantly earlier, or at significantly different amounts.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-96-8": {
   "value": "20.  LEASESAccounting policies Fugro as lesseeDefinition of a leaseAt inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. At inception or on reassessment of a contract that contains a lease component and one or more additional lease or non-lease components, the Group allocates the consideration in the contract to each lease component on the basis of their relative stand-alone selling prices. However, for leases of property and equipment, the Group has elected not to separate non-lease components and account for the lease and non-lease components as a single lease component. Recognition and measurementThe Group recognises a right-of-use asset and lease liability at the lease commencement date. The Group applies the short-term lease recognition exemption to its short term leases of vessels, property and equipment (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). The Group also applies the lease of low-value assets recognition exemption. Lease payments on short-term leases and leases of low-value assets are recognised as an expense on a straight-line basis over the lease term.The right-of-use asset is initially measured at cost. Cost comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. The estimated useful lives of right-of-use assets are determined on the same basis as those of property, plant and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.The lease liability is measured at the present value of the lease payments that are not paid at the commencement date. The discount rate is the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group\u2019s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the discount rate.The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease, if it is reasonably certain not to be exercised.Lease payments included in the measurement of the lease liability comprise the following: \u25a0fixed payments, including in-substance fixed payments; \u25a0variable lease payments that depend on an index, initially measured using the index as at the commencement date; \u25a0amounts expected to be payable under a residual value guarantee; and \u25a0the exercise price under a purchase option that the Group is reasonably certain to exercise, lease payments in an optional renewal period if the Group is reasonably certain to exercise an extension option; and \u25a0penalties for early termination of a lease unless the Group is reasonably certain not to terminate early.The lease liability is measured at amortised cost using the effective interest method. It is remeasured when: \u25a0there is a change in future lease payments arising from a change in an index or if there is a change in the Group\u2019s estimate of the amount expected to be payable under a residual value guarantee. In these cases, the lease liability is remeasured by discounting the revised lease payments by using the initial discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used); \u25a0the Group changes its assessment of whether it will exercise a purchase, extension or termination option. In this case, the lease liability is remeasured by discounting the revised lease payments using a revised discount rate; \u25a0a lease contract is modified and the lease modification is not accounted for as a separate lease. In this case, the lease liability is remeasured by discounting the revised lease payments using a revised discount rate.When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit and loss if the carrying amount of the right-of-use asset has been reduced to zero.Lease payments are allocated between the liability and finance expenses (interest costs). The finance cost is charged to the consolidated statement of comprehensive income over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period.Accounting policies Fugro as lessorThe Group does not act as lessor. Accordingly, no accounting policies for lessors are applicable.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-109-8": {
   "value": "21<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls11c ws3e\">INT<span class=\"_ _7\"/>ANGIBLE<span class=\"_ _7\"/> ASSETS<span class=\"_ _6\"/> INCL<span class=\"_ _6\"/>UDING<span class=\"_ _7\"/> GOOD<span class=\"_ _6\"/>WILL</span>Go<span class=\"_ _1\"/>odwill that arises up<span class=\"_ _1\"/>on the acquisition of subsidiaries is pr<span class=\"_ _1\"/>esented with intan<span class=\"_ _1\"/>gible assets<span class=\"_ _1\"/>. For th<span class=\"_ _1\"/>e measurement of go<span class=\"_ _1\"/>odwill at initial re<span class=\"_ _1\"/>cognition<span class=\"_ _1\"/>, goo<span class=\"_ _1\"/>dwill is measured at cost less accumulated impairme<span class=\"_ _1\"/>nt losses. Go<span class=\"_ _1\"/>odwill is allo<span class=\"_ _1\"/>cated to cash gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s and is not amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d but is tested for imp<span class=\"_ _1\"/>airment annually and wh<span class=\"_ _1\"/>en there is an indicatio<span class=\"_ _1\"/>n for impairme<span class=\"_ _1\"/>nt. The m<span class=\"_ _1\"/>easurement date of the annual go<span class=\"_ _1\"/>odwill impairm<span class=\"_ _1\"/>ent test is 3<span class=\"_ _1\"/>0 Septemb<span class=\"_ _1\"/>er<span class=\"_ _7\"/>. I<span class=\"_ _1\"/>n respec<span class=\"_ _1\"/>t of equit<span class=\"_ _1\"/>y-acc<span class=\"_ _6\"/>ounted investe<span class=\"_ _1\"/>es, the c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt of goo<span class=\"_ _1\"/>dwill is included in t<span class=\"_ _1\"/>he carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the investme<span class=\"_ _1\"/>nt, and any impair<span class=\"_ _1\"/>ment loss is allocate<span class=\"_ _1\"/>d to the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the e<span class=\"_ _1\"/>quity-accounted investee as a wh<span class=\"_ _1\"/>ole.Fugro incur<span class=\"_ _1\"/>s explor<span class=\"_ _1\"/>ation and e<span class=\"_ _1\"/>valuation (<span class=\"_ _1\"/>E&amp;E<span class=\"_ _1\"/>) cost<span class=\"_ _1\"/>s in Australian are<span class=\"_ _1\"/>as of in<span class=\"_ _6\"/>terest in cooperation with Finder<span class=\"_ _6\"/> Explor<span class=\"_ _1\"/>ation Pt<span class=\"_ _1\"/>y Ltd (Fi<span class=\"_ _6\"/>nder),<span class=\"_ _6\"/> Theia Energy Pt<span class=\"_ _1\"/>y Ltd (<span class=\"_ _1\"/>Theia)<span class=\"_ _6\"/> and Finder re<span class=\"_ _1\"/>lated par<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>. These asset<span class=\"_ _1\"/>s are considered n<span class=\"_ _1\"/>on-core business. E&amp;<span class=\"_ _1\"/>E assets are classified as intan<span class=\"_ _1\"/>gible assets<span class=\"_ _1\"/>, as they t<span class=\"_ _1\"/>ypic<span class=\"_ _1\"/>ally relate to drilling per<span class=\"_ _1\"/>mits<span class=\"_ _1\"/>. E&amp;E exp<span class=\"_ _1\"/>enditure results in cer<span class=\"_ _1\"/>tain ite<span class=\"_ _1\"/>ms of expendit<span class=\"_ _1\"/>ure being cap<span class=\"_ _1\"/>italised for an ar<span class=\"_ _1\"/>ea of interest whe<span class=\"_ _1\"/>re it is considered likely to b<span class=\"_ _1\"/>e recover<span class=\"_ _1\"/>able. This p<span class=\"_ _1\"/>olic<span class=\"_ _1\"/>y requires manage<span class=\"_ _1\"/>ment to make cer<span class=\"_ _1\"/>tain estimates and assumptions as to futur<span class=\"_ _1\"/>e events and circumst<span class=\"_ _1\"/>ances, in particular whether an<span class=\"_ _6\"/> economically<span class=\"_ _6\"/> viable extrac<span class=\"_ _1\"/>tion operation can be establ<span class=\"_ _7\"/>ished by the par<span class=\"_ _1\"/>ti<span class=\"_ _1\"/>es involved. T<span class=\"_ _1\"/>hese estimates and assumptions inclu<span class=\"_ _1\"/>de the rele<span class=\"_ _1\"/>vant regulator<span class=\"_ _1\"/>y environm<span class=\"_ _1\"/>ent may change as new infor<span class=\"_ _1\"/>mation be<span class=\"_ _1\"/>comes available<span class=\"_ _1\"/>. A regular revi<span class=\"_ _1\"/>ew of each area of inter<span class=\"_ _1\"/>est is under<span class=\"_ _1\"/>taken to dete<span class=\"_ _1\"/>rmine the app<span class=\"_ _1\"/>ropriaten<span class=\"_ _1\"/>ess of continuing to carr<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ward costs in re<span class=\"_ _1\"/>lation to that area<span class=\"_ _1\"/>. Capit<span class=\"_ _1\"/>alised costs are onl<span class=\"_ _1\"/>y carrie<span class=\"_ _1\"/>d for<span class=\"_ _1\"/>ward to the ex<span class=\"_ _1\"/>tent that th<span class=\"_ _1\"/>ey are exp<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d to be re<span class=\"_ _1\"/>covered. A<span class=\"_ _1\"/>cc<span class=\"_ _6\"/>ordingly, E&amp;<span class=\"_ _1\"/>E assets are not amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d, but assessed fo<span class=\"_ _1\"/>r impairment indicat<span class=\"_ _1\"/>ions. If, af<span class=\"_ _1\"/>ter having capit<span class=\"_ _1\"/>alised the exp<span class=\"_ _1\"/>enditure under t<span class=\"_ _1\"/>he polic<span class=\"_ _1\"/>y, a judgem<span class=\"_ _1\"/>ent is made that recover<span class=\"_ _1\"/>y of th<span class=\"_ _1\"/>e expen<span class=\"_ _1\"/>diture is unlikely, the relev<span class=\"_ _1\"/>ant capitalise<span class=\"_ _1\"/>d amount will be wr<span class=\"_ _1\"/>itten of<span class=\"_ _1\"/>f to the st<span class=\"_ _1\"/>atement of comprehen<span class=\"_ _6\"/>sive<span class=\"_ _6\"/> income.Research<span class=\"_ _6\"/> expenditure on r<span class=\"_ _6\"/>esearch activities, undertaken with the pro<span class=\"_ _6\"/>spect of gaini<span class=\"_ _6\"/>ng new sci<span class=\"_ _1\"/>entific or te<span class=\"_ _1\"/>chnical kn<span class=\"_ _1\"/>owled<span class=\"_ _1\"/>ge and under<span class=\"_ _1\"/>standing<span class=\"_ _1\"/>, is recognised in pr<span class=\"_ _1\"/>ofit or loss as incurre<span class=\"_ _1\"/>d. Devel<span class=\"_ _1\"/>opment ac<span class=\"_ _1\"/>tivit<span class=\"_ _1\"/>ies involve a plan or design f<span class=\"_ _1\"/>or the pro<span class=\"_ _1\"/>duct<span class=\"_ _1\"/>ion of new or substantially improve<span class=\"_ _1\"/>d produc<span class=\"_ _1\"/>ts an<span class=\"_ _1\"/>d processes. D<span class=\"_ _1\"/>evelop<span class=\"_ _1\"/>ment exp<span class=\"_ _1\"/>enditure is capit<span class=\"_ _1\"/>alised only if deve<span class=\"_ _1\"/>lopment cost<span class=\"_ _1\"/>s can be measured r<span class=\"_ _1\"/>eliably, the pro<span class=\"_ _1\"/>duct or p<span class=\"_ _1\"/>rocess is technically and c<span class=\"_ _6\"/>ommercial<span class=\"_ _6\"/>ly feas<span class=\"_ _6\"/>ible, future<span class=\"_ _6\"/> economic benefits are probable, a<span class=\"_ _6\"/>nd the Group intends to and has suff<span class=\"_ _1\"/>icient resources to comple<span class=\"_ _1\"/>te developm<span class=\"_ _1\"/>ent and to use or sell the asset. T<span class=\"_ _1\"/>he capitalise<span class=\"_ _1\"/>d expen<span class=\"_ _1\"/>diture includes th<span class=\"_ _1\"/>e cost of materials, direc<span class=\"_ _1\"/>t labour, overhe<span class=\"_ _1\"/>ad costs that are dire<span class=\"_ _1\"/>ctl<span class=\"_ _1\"/>y attr<span class=\"_ _1\"/>ibutable to p<span class=\"_ _1\"/>reparing th<span class=\"_ _1\"/>e asset for its intend<span class=\"_ _1\"/>ed use, and capitali<span class=\"_ _6\"/>sed borrowing co<span class=\"_ _6\"/>sts. Oth<span class=\"_ _1\"/>er dev<span class=\"_ _6\"/>elopment expenditu<span class=\"_ _6\"/>re is r<span class=\"_ _6\"/>ecognised i<span class=\"_ _6\"/>n profit or<span class=\"_ _6\"/> loss as incurre<span class=\"_ _1\"/>d. Capit<span class=\"_ _1\"/>alised develo<span class=\"_ _1\"/>pment exp<span class=\"_ _1\"/>enditure is measured at cost less accumulated amor<span class=\"_ _1\"/>tisati<span class=\"_ _1\"/>on and accumulated impairm<span class=\"_ _1\"/>ent losses.Sof<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ware and oth<span class=\"_ _1\"/>er intangible asset<span class=\"_ _1\"/>s acquired or deve<span class=\"_ _1\"/>loped b<span class=\"_ _1\"/>y the Gro<span class=\"_ _1\"/>up and that have finite usef<span class=\"_ _1\"/>ul lives are measured at cost less accumulated amor<span class=\"_ _1\"/>t<span class=\"_ _1\"/>isation and accumulated impair<span class=\"_ _1\"/>ment losse<span class=\"_ _1\"/>s.Subseque<span class=\"_ _1\"/>nt expendit<span class=\"_ _1\"/>ure on capitalise<span class=\"_ _1\"/>d intangible asset<span class=\"_ _1\"/>s is capitalised onl<span class=\"_ _1\"/>y when it increases th<span class=\"_ _1\"/>e future econ<span class=\"_ _1\"/>omic ben<span class=\"_ _1\"/>efit<span class=\"_ _1\"/>s embodie<span class=\"_ _1\"/>d in the spe<span class=\"_ _1\"/>cific asset to whic<span class=\"_ _1\"/>h it relates<span class=\"_ _1\"/>. All other e<span class=\"_ _1\"/>xpendit<span class=\"_ _1\"/>ure, including ex<span class=\"_ _1\"/>penditure o<span class=\"_ _1\"/>n internally gen<span class=\"_ _1\"/>erated g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill and br<span class=\"_ _1\"/>ands, is recogn<span class=\"_ _1\"/>ised in profit o<span class=\"_ _1\"/>r loss as incurred.Amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation is based on t<span class=\"_ _1\"/>he cost of an asset less its residual v<span class=\"_ _1\"/>alue. Am<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tisation is recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss on a straig<span class=\"_ _1\"/>ht<span class=\"_ _7\"/>-line basis over the es<span class=\"_ _1\"/>timated useful lives of intangible asset<span class=\"_ _1\"/>s unless such lives are indef<span class=\"_ _1\"/>inite. Go<span class=\"_ _1\"/>odwill and intan<span class=\"_ _1\"/>gible assets wit<span class=\"_ _1\"/>h an indef<span class=\"_ _1\"/>inite life are annually tested fo<span class=\"_ _1\"/>r impairment or wh<span class=\"_ _1\"/>en there is an indic<span class=\"_ _1\"/>ation for impairme<span class=\"_ _1\"/>nt. Ot<span class=\"_ _1\"/>her intangible asset<span class=\"_ _1\"/>s and sof<span class=\"_ _1\"/>tw<span class=\"_ _1\"/>are are amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d from th<span class=\"_ _1\"/>e date they are available fo<span class=\"_ _1\"/>r their intende<span class=\"_ _1\"/>d use. The es<span class=\"_ _1\"/>timated useful life of sof<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ware and ot<span class=\"_ _1\"/>her capit<span class=\"_ _1\"/>alised develop<span class=\"_ _1\"/>ment costs is, in g<span class=\"_ _1\"/>eneral<span class=\"_ _1\"/>, five ye<span class=\"_ _1\"/>ars. A<span class=\"_ _1\"/>mor<span class=\"_ _1\"/>tisation m<span class=\"_ _1\"/>ethods<span class=\"_ _1\"/>, useful lives and residual v<span class=\"_ _1\"/>alues are revi<span class=\"_ _1\"/>ewed at eac<span class=\"_ _1\"/>h repor<span class=\"_ _1\"/>ting date an<span class=\"_ _1\"/>d adjusted if appropriate.For g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill, and intangible asset<span class=\"_ _1\"/>s that have indef<span class=\"_ _1\"/>inite useful lives or that are not yet available fo<span class=\"_ _1\"/>r use, the re<span class=\"_ _1\"/>coverable am<span class=\"_ _1\"/>ount is estimated each year at t<span class=\"_ _1\"/>he same time<span class=\"_ _1\"/>. An impair<span class=\"_ _1\"/>ment loss is recognise<span class=\"_ _1\"/>d if the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of an asset or its r<span class=\"_ _1\"/>elated cash-gene<span class=\"_ _1\"/>rating unit excee<span class=\"_ _1\"/>ds its estimate<span class=\"_ _1\"/>d recovera<span class=\"_ _1\"/>ble amount. I<span class=\"_ _1\"/>mpairment losses ar<span class=\"_ _1\"/>e recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss. Impairm<span class=\"_ _1\"/>ent losses recognise<span class=\"_ _1\"/>d in respec<span class=\"_ _1\"/>t of cash-gene<span class=\"_ _1\"/>rating units are all<span class=\"_ _1\"/>ocated f<span class=\"_ _1\"/>irst to re<span class=\"_ _1\"/>duce the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of any goo<span class=\"_ _1\"/>dwill alloc<span class=\"_ _1\"/>ated to the cash-gene<span class=\"_ _1\"/>rating unit (or group of cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) and t<span class=\"_ _1\"/>hen to redu<span class=\"_ _1\"/>ce the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the oth<span class=\"_ _1\"/>er assets in the c<span class=\"_ _1\"/>ash-gener<span class=\"_ _1\"/>ating unit (<span class=\"_ _6\"/>or group of cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) on a p<span class=\"_ _1\"/>ro rata b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s.Subjec<span class=\"_ _1\"/>t to an ope<span class=\"_ _1\"/>rating se<span class=\"_ _1\"/>gment ceiling test, f<span class=\"_ _1\"/>or the pur<span class=\"_ _1\"/>poses of goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt testing<span class=\"_ _1\"/>, C<span class=\"_ _6\"/>GUs to which g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill has been allo<span class=\"_ _1\"/>cated, are a<span class=\"_ _1\"/>ggregate<span class=\"_ _1\"/>d so that the leve<span class=\"_ _1\"/>l at which impair<span class=\"_ _1\"/>ment testing is per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>med ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ts t<span class=\"_ _1\"/>he lowest l<span class=\"_ _1\"/>evel at which go<span class=\"_ _1\"/>odwill is monitored for i<span class=\"_ _6\"/>nterna<span class=\"_ _6\"/>l repor<span class=\"_ _1\"/>ting pu<span class=\"_ _7\"/>r<span class=\"_ _1\"/>poses.An impair<span class=\"_ _1\"/>ment loss in respe<span class=\"_ _1\"/>ct of go<span class=\"_ _1\"/>odwill is not rever<span class=\"_ _1\"/>sed. I<span class=\"_ _1\"/>n respec<span class=\"_ _1\"/>t of other asset<span class=\"_ _1\"/>s, impairme<span class=\"_ _1\"/>nt losses recognised in p<span class=\"_ _1\"/>rior pe<span class=\"_ _1\"/>riods are re<span class=\"_ _1\"/>viewe<span class=\"_ _1\"/>d at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date for any indicatio<span class=\"_ _1\"/>ns that the loss has decr<span class=\"_ _1\"/>eased or no lo<span class=\"_ _1\"/>nger exist<span class=\"_ _1\"/>s. F<span class=\"_ _1\"/>or these oth<span class=\"_ _1\"/>er assets<span class=\"_ _1\"/>, an <span class=\"_ _8\"/> impairme<span class=\"_ _1\"/>nt loss is reversed if t<span class=\"_ _1\"/>here has be<span class=\"_ _1\"/>en a change in the es<span class=\"_ _1\"/>timates used to determ<span class=\"_ _1\"/>ine the recover<span class=\"_ _1\"/>able amo<span class=\"_ _1\"/>unt. An impair<span class=\"_ _1\"/>ment loss is revers<span class=\"_ _1\"/>ed only to th<span class=\"_ _1\"/>e exte<span class=\"_ _1\"/>nt that the asset<span class=\"_ _1\"/>\u2019s carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount does n<span class=\"_ _1\"/>ot exceed the c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying am<span class=\"_ _1\"/>ount that would have been determined, net of depr<span class=\"_ _6\"/>eciation or amortisation, if<span class=\"_ _6\"/> no impa<span class=\"_ _6\"/>irment lo<span class=\"_ _6\"/>ss had<span class=\"_ _6\"/> been rec<span class=\"_ _6\"/>ogn<span class=\"_ _6\"/>is<span class=\"_ _7\"/>ed.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _22c\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _22d\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>E&amp;<span class=\"_ _1\"/>E (<span class=\"_ _1\"/>Fin<span class=\"_ _1\"/>de<span class=\"_ _1\"/>r/E&amp;<span class=\"_ _1\"/>E (<span class=\"_ _1\"/>Fin<span class=\"_ _1\"/>de<span class=\"_ _1\"/>r/Good<span class=\"_ _1\"/>will Th<span class=\"_ _1\"/>ei<span class=\"_ _1\"/>a) <span class=\"_ _36\"> </span><span class=\"ls2 ws2\">S<span class=\"_ _1\"/>of<span class=\"_ _1\"/>t<span class=\"_ _1\"/>war<span class=\"_ _1\"/>e <span class=\"_ _22\"> </span>Oth<span class=\"_ _1\"/>er <span class=\"_ _87\"> </span><span class=\"ls1b5 ws1b9\">Total<span class=\"_ _111\"> </span><span class=\"ls19e ws19e\">Go<span class=\"_ _1\"/>odwill </span></span></span>Th<span class=\"_ _1\"/>ei<span class=\"_ _1\"/>a) <span class=\"_ _36\"> </span><span class=\"ls2 ws2\">S<span class=\"_ _1\"/>of<span class=\"_ _1\"/>t<span class=\"_ _1\"/>war<span class=\"_ _1\"/>e <span class=\"_ _22\"> </span>Oth<span class=\"_ _1\"/>er <span class=\"_ _87\"> </span><span class=\"ls1b5 ws1b9\">Total</span></span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y Cost<span class=\"_ _22e\"> </span>587<span class=\"_ _7\"/>,<span class=\"_ _6\"/>188<span class=\"_ _65\"> </span>38,459<span class=\"_ _21\"> </span>17<span class=\"_ _7\"/>,0<span class=\"_ _1\"/>07<span class=\"_ _65\"> </span>25,964<span class=\"_ _17b\"> </span>668,618<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">560,467<span class=\"_ _6e\"> </span>3<span class=\"_ _1\"/>5,621<span class=\"_ _6e\"> </span>22,514<span class=\"_ _22\"> </span>31,874<span class=\"_ _39\"> </span>65<span class=\"_ _1\"/>0,47<span class=\"_ _6\"/>6</span>Accumulated amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation and impairm<span class=\"_ _1\"/>ent<span class=\"_ _4b\"> </span>(317<span class=\"_ _7\"/>,672)<span class=\"_ _d0\"> </span>(20,766)<span class=\"_ _2b\"> </span>(1<span class=\"_ _1\"/>6,909)<span class=\"_ _d0\"> </span>(2<span class=\"_ _1\"/>3,432)<span class=\"_ _10b\"> </span>(378,7<span class=\"_ _1\"/>79)<span class=\"_ _36\"> </span><span class=\"ff8 fc14\">(302,818)<span class=\"_ _86\"> </span>(18,467)<span class=\"_ _d0\"> </span>(22,237<span class=\"_ _1\"/>)<span class=\"_ _9f\"> </span>(29,663)<span class=\"_ _e5\"> </span>(373,185)</span>Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _128\"> </span>26<span class=\"_ _6\"/>9,516<span class=\"_ _24\"> </span>17<span class=\"_ _7\"/>,693<span class=\"_ _22f\"> </span>98<span class=\"_ _5d\"> </span>2,532<span class=\"_ _d0\"> </span>289,839<span class=\"_ _86\"> </span><span class=\"fc14\">25<span class=\"_ _1\"/>7<span class=\"_ _7\"/>,649<span class=\"_ _61\"> </span>17<span class=\"_ _7\"/>,154<span class=\"_ _b1\"> </span><span class=\"ls43 ws4b\">277<span class=\"_ _60\"> </span></span>2,<span class=\"_ _1\"/>211<span class=\"_ _f2\"> </span><span class=\"ls43 ws4b\">27<span class=\"_ _1\"/>7<span class=\"_ _3\"/>,291</span></span>Change in c<span class=\"_ _6\"/>arr<span class=\"_ _1\"/>ying amount:Purc<span class=\"_ _1\"/>hase of intangib<span class=\"_ _1\"/>le asset<span class=\"_ _1\"/>s-<span class=\"_ _e3\"> </span>-927<span class=\"_ _b2\"> </span><span class=\"ls1f1 ws1f5\">305<span class=\"_ _89\"> </span></span>1,2<span class=\"_ _1\"/>32-<span class=\"_ _e3\"> </span>-22<span class=\"_ _df\"> </span><span class=\"ls87 ws3b\">69<span class=\"_ _1\"/>6<span class=\"_ _e\"> </span></span>7<span class=\"_ _1\"/>18Other additions-1,245-<span class=\"_ _e3\"> </span>-1,245-1,648-<span class=\"_ _e3\"> </span>-1,648Amor<span class=\"_ _1\"/>tisation-<span class=\"_ _e3\"> </span>-(123)<span class=\"_ _60\"> </span>(412)<span class=\"_ _87\"> </span>(535)-<span class=\"_ _e3\"> </span>-(90)<span class=\"_ _70\"> </span><span class=\"ls87 ws3b\">(4<span class=\"_ _1\"/>67<span class=\"_ _1\"/>)<span class=\"_ _87\"> </span></span>(55<span class=\"_ _1\"/>7)Impairme<span class=\"_ _1\"/>nt-(1,252)-<span class=\"_ _e3\"> </span>-(1,252)-(1,662)-<span class=\"_ _e3\"> </span>-(1,662)Disp<span class=\"_ _1\"/>osals-(70<span class=\"_ _1\"/>0)-(2)<span class=\"_ _87\"> </span>(<span class=\"_ _1\"/>702)-<span class=\"_ _e3\"> </span>-(120)<span class=\"_ _1b\"> </span>(9)<span class=\"_ _6b\"> </span>(129)Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of movement<span class=\"_ _1\"/>s in foreign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _1b7\"> </span>2,962<span class=\"_ _fc\"> </span>21<span class=\"_ _ed\"> </span><span class=\"ls43 ws4b\">(27)<span class=\"_ _d2\"> </span></span>(34)<span class=\"_ _22\"> </span>2,922<span class=\"_ _20\"> </span><span class=\"ff8 fc14\">11,867<span class=\"_ _b2\"> </span><span class=\"ls43 ws4b\">553<span class=\"_ _99\"> </span></span>9<span class=\"_ _1b\"> </span>101<span class=\"_ _5f\"> </span>12,530</span>T<span class=\"_ _7\"/>otal changes<span class=\"_ _230\"> </span>2,962<span class=\"_ _6b\"> </span>(6<span class=\"_ _1\"/>86)<span class=\"_ _1a\"> </span><span class=\"ls161 ws16e\">777<span class=\"_ _1a\"> </span></span>(143)<span class=\"_ _24\"> </span>2,910<span class=\"_ _21\"> </span><span class=\"fc14\">11,867<span class=\"_ _231\"> </span>539<span class=\"_ _8e\"> </span>(17<span class=\"_ _1\"/>9)<span class=\"_ _ae\"> </span>321<span class=\"_ _84\"> </span>12,54<span class=\"_ _1\"/>8</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er Cost<span class=\"_ _232\"> </span>595,172<span class=\"_ _5f\"> </span>38,<span class=\"_ _6\"/>198<span class=\"_ _5d\"> </span>9,663<span class=\"_ _84\"> </span>12,04<span class=\"_ _1\"/>8<span class=\"_ _fa\"> </span>65<span class=\"_ _1\"/>5,081<span class=\"_ _b3\"> </span><span class=\"ff8 fc14\">5<span class=\"_ _1\"/>87<span class=\"_ _3\"/>,188<span class=\"_ _9b\"> </span>38,459<span class=\"_ _21\"> </span>17<span class=\"_ _7\"/>,007<span class=\"_ _65\"> </span>25,964<span class=\"_ _f9\"> </span>668,618</span>Accumulated amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation and impairm<span class=\"_ _1\"/>ent<span class=\"_ _1d3\"> </span>(322,694)<span class=\"_ _9b\"> </span>(21,<span class=\"_ _6\"/>191)<span class=\"_ _6f\"> </span>(8,788)<span class=\"_ _6f\"> </span>(9,659)<span class=\"_ _12\"> </span>(362,332)<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">(317<span class=\"_ _7\"/>,672)<span class=\"_ _17c\"> </span>(20,766)<span class=\"_ _2b\"> </span>(16,90<span class=\"_ _1\"/>9)<span class=\"_ _17c\"> </span>(2<span class=\"_ _1\"/>3,<span class=\"_ _6\"/>432)<span class=\"_ _36\"> </span>(378,7<span class=\"_ _1\"/>79)</span>Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _233\"> </span>272,478<span class=\"_ _24\"> </span>17<span class=\"_ _7\"/>,007<span class=\"_ _b2\"> </span>875<span class=\"_ _61\"> </span>2,389<span class=\"_ _86\"> </span>292,749<span class=\"_ _17b\"> </span><span class=\"fc14\">269,516<span class=\"_ _22\"> </span>17<span class=\"_ _7\"/>,693<span class=\"_ _22f\"> </span>98<span class=\"_ _73\"> </span>2,532<span class=\"_ _d0\"> </span>289,839</span>Goo<span class=\"_ _1\"/>dwillThe c<span class=\"_ _1\"/>apitalised go<span class=\"_ _1\"/>odwill w<span class=\"_ _1\"/>as allocated to th<span class=\"_ _1\"/>e following CGU<span class=\"_ _1\"/>\u2019s as at 31 Decemb<span class=\"_ _1\"/>er:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Europe-Afr<span class=\"_ _1\"/>ica<span class=\"_ _234\"> </span><span class=\"ls2 ws2\">120,288<span class=\"_ _f2\"> </span><span class=\"ff8 fc14\">118,980</span></span>Americas<span class=\"_ _235\"> </span><span class=\"ls2 ws2\">70,541<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">69,774</span></span>A<span class=\"_ _1\"/>sia Pac<span class=\"_ _1\"/>ific<span class=\"_ _236\"> </span><span class=\"ls2 ws2\">29,738<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">29,<span class=\"_ _6\"/>415</span></span>Middl<span class=\"_ _1\"/>e East &amp; India<span class=\"_ _1c1\"> </span>51,911<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">51,347</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1\"/> <span class=\"_ _237\"> </span><span class=\"ls2 ws2\">272,478<span class=\"_ _17b\"> </span><span class=\"fc14\">269,516</span></span>Impairme<span class=\"_ _1\"/>nt testing for cash-generating unit<span class=\"_ _1\"/>s containing goodwillThe re<span class=\"_ _1\"/>coverable a<span class=\"_ _1\"/>mounts of the c<span class=\"_ _1\"/>ash-gener<span class=\"_ _1\"/>ating units have b<span class=\"_ _1\"/>een deter<span class=\"_ _1\"/>mined base<span class=\"_ _1\"/>d on value in use cal<span class=\"_ _1\"/>culations. Value in use was dete<span class=\"_ _1\"/>rmined by discounting th<span class=\"_ _1\"/>e expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d future cash flo<span class=\"_ _1\"/>ws from th<span class=\"_ _1\"/>e continuing use of the CGU\u2019s. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Cash f<span class=\"_ _1\"/>lows in the f<span class=\"_ _1\"/>irst year of th<span class=\"_ _1\"/>e forec<span class=\"_ _1\"/>ast are based on manag<span class=\"_ _1\"/>ement<span class=\"_ _1\"/>\u2019s approved financial b<span class=\"_ _1\"/>udget<span class=\"_ _1\"/>. For all CGU<span class=\"_ _1\"/>\u2019s, the 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>3 proje<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ons fac<span class=\"_ _1\"/>tor in, amon<span class=\"_ _1\"/>gst other<span class=\"_ _1\"/>s, already signed contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>ts, e<span class=\"_ _1\"/>xpec<span class=\"_ _1\"/>ted win r<span class=\"_ _1\"/>ates on contra<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s out for bid<span class=\"_ _1\"/>, expe<span class=\"_ _1\"/>cted c<span class=\"_ _1\"/>rew and vessel utili<span class=\"_ _7\"/>sation rates and/<span class=\"_ _6\"/>or indu<span class=\"_ _6\"/>str<span class=\"_ _1\"/>y developmen<span class=\"_ _6\"/>ts. Cash flows for the C<span class=\"_ _7\"/>G<span class=\"_ _1\"/>U\u2019s beyond one year are ex<span class=\"_ _1\"/>tr<span class=\"_ _1\"/>apolated using an est<span class=\"_ _1\"/>imated grow<span class=\"_ _1\"/>th rate b<span class=\"_ _1\"/>ased on exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted market develo<span class=\"_ _1\"/>pments<span class=\"_ _1\"/>, taking into account str<span class=\"_ _1\"/>ategic plans of the comp<span class=\"_ _1\"/>any and current market condi<span class=\"_ _6\"/>tions. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Cash f<span class=\"_ _1\"/>lows for t<span class=\"_ _1\"/>he C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>\u2019s beyond f<span class=\"_ _1\"/>ive years ar<span class=\"_ _1\"/>e ext<span class=\"_ _1\"/>rapo<span class=\"_ _1\"/>lated using an estimated long-term gr<span class=\"_ _1\"/>owt<span class=\"_ _1\"/>h rate of 2<span class=\"_ _1\"/>.1% (20<span class=\"_ _1\"/>21: 0<span class=\"_ _1\"/>.<span class=\"_ _1\"/>0%). For t<span class=\"_ _1\"/>he C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>\u2019s the grow<span class=\"_ _1\"/>th r<span class=\"_ _1\"/>ates are based on an analysis of the l<span class=\"_ _1\"/>ong-term market pr<span class=\"_ _1\"/>ice trends in rele<span class=\"_ _1\"/>vant industries a<span class=\"_ _1\"/>djusted for actual experience. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Any est<span class=\"_ _1\"/>imated future cash inf<span class=\"_ _1\"/>lows / out<span class=\"_ _1\"/>flo<span class=\"_ _1\"/>ws expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d to arise from f<span class=\"_ _1\"/>uture restr<span class=\"_ _1\"/>uctur<span class=\"_ _1\"/>ing, if any, are exclude<span class=\"_ _1\"/>d from the c<span class=\"_ _1\"/>alculations, unle<span class=\"_ _1\"/>ss already commit<span class=\"_ _1\"/>ted to. This also applies to a larg<span class=\"_ _1\"/>e exte<span class=\"_ _1\"/>nt to transformat<span class=\"_ _1\"/>ion capit<span class=\"_ _1\"/>al expen<span class=\"_ _1\"/>ditures and the resulting impac<span class=\"_ _1\"/>t on cash inflow<span class=\"_ _1\"/>s.  <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>The pr<span class=\"_ _1\"/>e-tax discount rate used to discount the p<span class=\"_ _1\"/>re-tax cash f<span class=\"_ _1\"/>lows for imp<span class=\"_ _1\"/>airment testing pur<span class=\"_ _1\"/>poses is determin<span class=\"_ _1\"/>ed throu<span class=\"_ _1\"/>gh an iterative c<span class=\"_ _1\"/>alculation using the pr<span class=\"_ _1\"/>ojec<span class=\"_ _1\"/>ted post-tax cash fl<span class=\"_ _1\"/>ows, ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted t<span class=\"_ _1\"/>ax rate for t<span class=\"_ _1\"/>he respe<span class=\"_ _1\"/>ctive c<span class=\"_ _1\"/>ash gener<span class=\"_ _1\"/>ating units and a post-tax discount rate for th<span class=\"_ _1\"/>e Group.The key assumptions use<span class=\"_ _1\"/>d in the annual goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt test at the 3<span class=\"_ _1\"/>0 Septemb<span class=\"_ _1\"/>er measurement date we<span class=\"_ _1\"/>re as follows:Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th ra<span class=\"_ _1\"/>te  Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th ra<span class=\"_ _1\"/>te  Pre-tax <span class=\"ls2 ws2\"> </span>Long-term <span class=\"ls2 ws2\"> </span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)first yearlong-term discount<span class=\"_ _6\"/> rate E<span class=\"_ _1\"/>BI<span class=\"_ _1\"/>T marg<span class=\"_ _1\"/>in %2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span>Europe-Afr<span class=\"_ _1\"/>ica<span class=\"_ _17a\"> </span><span class=\"ff8 ls2 ws2\">13.1<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span><span class=\"ff4 fc14\">9.3<span class=\"_ _0\"/>%<span class=\"_ _e5\"> </span></span><span class=\"ls1df ws1e5\">2<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"ff4 fc14\">0.0<span class=\"_ _0\"/>%<span class=\"_ _145\"> </span></span>11.7<span class=\"_ _0\"/>%<span class=\"_ _13\"> </span><span class=\"ff4 fc14\">9.9<span class=\"_ _0\"/>%<span class=\"_ _e4\"> </span></span>10.1<span class=\"_ _1\"/>%<span class=\"_ _e4\"> </span><span class=\"ff4 fc14\">10.1<span class=\"_ _1\"/>%</span></span>Americas<span class=\"_ _7c\"> </span><span class=\"ff8 ls2 ws2\">10.3<span class=\"_ _0\"/>%<span class=\"_ _111\"> </span></span>5<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _a0\"> </span><span class=\"ff8 fc2\">2.1<span class=\"_ _4\"/>%<span class=\"_ _13\"> </span></span>0.0<span class=\"_ _1\"/>%<span class=\"_ _e4\"> </span><span class=\"ff8 fc2\">11.9<span class=\"_ _0\"/>%<span class=\"_ _13\"> </span></span>9.8<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span><span class=\"ff8 fc2\">9.9<span class=\"_ _0\"/>%<span class=\"_ _120\"> </span></span><span class=\"ls1fd ws20a\">7.<span class=\"_ _0\"/>3<span class=\"_ _4\"> </span>%</span>A<span class=\"_ _1\"/>sia Pac<span class=\"_ _1\"/>ific<span class=\"_ _c0\"> </span><span class=\"ff8 ls1fd ws20a\">2<span class=\"_ _0\"/>7.<span class=\"_ _0\"/>7<span class=\"_ _4\"> </span>%<span class=\"_ _17f\"> </span></span><span class=\"fc14 ls2 ws2\">(1.9<span class=\"_ _1\"/>%)<span class=\"_ _111\"> </span></span><span class=\"ff8 ls1df ws1e5\">2<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"fc14 ls2 ws2\">0.0<span class=\"_ _1\"/>%<span class=\"_ _145\"> </span><span class=\"ff8 fc2\">11.6<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span></span>9.5<span class=\"_ _0\"/>%<span class=\"_ _e5\"> </span></span><span class=\"ff8 ls1df ws1e5\">8.1<span class=\"_ _0\"/>%<span class=\"_ _36\"> </span></span><span class=\"fc14 ls2 ws2\">6.0<span class=\"_ _1\"/>%</span>Middl<span class=\"_ _1\"/>e East &amp; India<span class=\"_ _12a\"> </span>15.1<span class=\"_ _1\"/>%<span class=\"_ _35\"> </span><span class=\"ff4 fc14\">28.6<span class=\"_ _1\"/>%<span class=\"_ _111\"> </span></span><span class=\"ls1df ws1e5\">2.1<span class=\"_ _4\"> </span>%<span class=\"_ _13\"> </span></span><span class=\"ff4 fc14\">0.0<span class=\"_ _1\"/>%<span class=\"_ _9\"> </span></span>12.9<span class=\"_ _1\"/>%<span class=\"_ _15\"> </span><span class=\"ff4 fc14\">10.9<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"ls1e1 ws1e7\">9.4<span class=\"_ _0\"/>%<span class=\"_ _111\"> </span></span><span class=\"fc14 ls1df ws1e5\">9<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%</span>Climate-related mat<span class=\"_ _1\"/>ter<span class=\"_ _1\"/>s were ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ted in thes<span class=\"_ _1\"/>e ass<span class=\"_ _6\"/>umptions as follo<span class=\"_ _1\"/>ws: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Assumpti<span class=\"_ _1\"/>ons on market devel<span class=\"_ _1\"/>opment<span class=\"_ _1\"/>s for the market s<span class=\"_ _1\"/>egment<span class=\"_ _1\"/>s in which Fugro ope<span class=\"_ _1\"/>rates, inclu<span class=\"_ _1\"/>ding high grow<span class=\"_ _1\"/>th in the re<span class=\"_ _1\"/>newabl<span class=\"_ _1\"/>es market segme<span class=\"_ _1\"/>nt compared to in par<span class=\"_ _1\"/>ticular oil and g<span class=\"_ _1\"/>as. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Capit<span class=\"_ _1\"/>al expe<span class=\"_ _1\"/>nditures to dec<span class=\"_ _1\"/>arbonise t<span class=\"_ _1\"/>he vessel f<span class=\"_ _1\"/>leet by 2<span class=\"_ _1\"/>03<span class=\"_ _1\"/>5<span class=\"_ _1\"/>, howeve<span class=\"_ _1\"/>r only insofar these qualif<span class=\"_ _1\"/>y fo<span class=\"_ _1\"/>r inclusion in the valu<span class=\"_ _1\"/>e in use calculation. C<span class=\"_ _1\"/>apital ex<span class=\"_ _1\"/>penditur<span class=\"_ _1\"/>es that improve the ve<span class=\"_ _1\"/>ssel\u2019s per<span class=\"_ _1\"/>forman<span class=\"_ _1\"/>ce are excluded in v<span class=\"_ _1\"/>alue in use calculations<span class=\"_ _1\"/>. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>T<span class=\"_ _6\"/>erminal v<span class=\"_ _1\"/>alue grow<span class=\"_ _1\"/>th rates are c<span class=\"_ _1\"/>apped at t<span class=\"_ _1\"/>he risk<span class=\"_ _6\"/>-free r<span class=\"_ _1\"/>ate. No fur<span class=\"_ _1\"/>th<span class=\"_ _1\"/>er adjustment in long ter<span class=\"_ _1\"/>m grow<span class=\"_ _1\"/>th rates f<span class=\"_ _1\"/>or the ene<span class=\"_ _1\"/>rgy tra<span class=\"_ _1\"/>nsition from th<span class=\"_ _1\"/>e fossil fuel se<span class=\"_ _1\"/>ctor to th<span class=\"_ _1\"/>e renewable energy sector was deemed necessa<span class=\"_ _6\"/>r<span class=\"_ _1\"/>y and there<span class=\"_ _6\"/>fore not c<span class=\"_ _6\"/>ons<span class=\"_ _6\"/>idered to ha<span class=\"_ _6\"/>ve a material impa<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>.The inc<span class=\"_ _1\"/>rease in discount rate from 2<span class=\"_ _1\"/>021 to 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 is mainly drive<span class=\"_ _1\"/>n by a higher equit<span class=\"_ _1\"/>y mar<span class=\"_ _1\"/>ket risk premium and r<span class=\"_ _1\"/>isk<span class=\"_ _7\"/>-fre<span class=\"_ _1\"/>e rate.The g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill sensitivit<span class=\"_ _1\"/>y analysis of each CGU as at the me<span class=\"_ _1\"/>as<span class=\"_ _6\"/>urement date w<span class=\"_ _1\"/>as as follows:Cha<span class=\"_ _1\"/>nge r<span class=\"_ _1\"/>equ<span class=\"_ _1\"/>ire<span class=\"_ _1\"/>d in eac<span class=\"_ _1\"/>h key ass<span class=\"_ _1\"/>ump<span class=\"_ _1\"/>tion  (E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)fo<span class=\"_ _1\"/>r head<span class=\"_ _1\"/>roo<span class=\"_ _1\"/>m to eq<span class=\"_ _1\"/>ual ze<span class=\"_ _1\"/>roGr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th Pre-tax Long-term  ra<span class=\"_ _1\"/>te ra<span class=\"_ _1\"/>te  discount EBITHeadroo<span class=\"_ _1\"/>mfirst yearlong-termratemar<span class=\"_ _1\"/>gin %Europe-Afr<span class=\"_ _1\"/>ica<span class=\"_ _1d8\"> </span><span class=\"ls2 ws2\">49<span class=\"_ _1\"/>4,<span class=\"_ _6\"/>406<span class=\"_ _145\"> </span>(33.0<span class=\"_ _1\"/>%)<span class=\"_ _175\"> </span>(10,4<span class=\"_ _1\"/>%)<span class=\"_ _d0\"> </span><span class=\"ls1fd ws20a\">7.<span class=\"_ _0\"/>8<span class=\"_ _4\"> </span>%<span class=\"_ _a0\"> </span></span>(11.6<span class=\"_ _1\"/>%)</span>Americas<span class=\"_ _238\"> </span><span class=\"ls2 ws2\">331,272<span class=\"_ _f3\"> </span>(38.7<span class=\"_ _0\"/>%)<span class=\"_ _175\"> </span>(16.3<span class=\"_ _0\"/>%)<span class=\"_ _17c\"> </span>11.<span class=\"_ _6\"/>1<span class=\"_ _1\"/>%<span class=\"_ _e3\"> </span>(9.8<span class=\"_ _0\"/>%)</span>A<span class=\"_ _1\"/>sia Pac<span class=\"_ _1\"/>ific<span class=\"_ _a4\"> </span><span class=\"ls2 ws2\">136,939<span class=\"_ _145\"> </span>(24.6<span class=\"_ _1\"/>%)<span class=\"_ _120\"> </span>(5.7<span class=\"_ _0\"/>%)<span class=\"_ _17c\"> </span>4.7<span class=\"_ _0\"/>%<span class=\"_ _9f\"> </span>(5.8<span class=\"_ _0\"/>%)</span>Middl<span class=\"_ _1\"/>e East &amp; India<span class=\"_ _1f8\"> </span>57<span class=\"_ _3\"/>,944<span class=\"_ _120\"> </span>(17<span class=\"_ _7\"/>.8<span class=\"_ _0\"/>%)<span class=\"_ _10b\"> </span>(3.6<span class=\"_ _1\"/>%)<span class=\"_ _39\"> </span>3<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _39\"> </span><span class=\"ls1fd ws20a\">(<span class=\"_ _0\"/>7.<span class=\"_ _1\"/>4<span class=\"_ _4\"> </span>%<span class=\"_ _0\"/>)</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1\"/> <span class=\"_ _1fd\"> </span><span class=\"ls2 ws2\">1,020,5<span class=\"_ _1\"/>61</span>T<span class=\"_ _6\"/>otal hea<span class=\"_ _1\"/>droom incre<span class=\"_ _1\"/>ased significa<span class=\"_ _1\"/>ntly from EU<span class=\"_ _1\"/>R 619 million in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1 to EUR 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>21 million in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2. T<span class=\"_ _1\"/>he changes be<span class=\"_ _1\"/>yond those in th<span class=\"_ _1\"/>e above tabl<span class=\"_ _1\"/>e to ass<span class=\"_ _6\"/>umptions used in t<span class=\"_ _1\"/>he goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt test would, in isolati<span class=\"_ _1\"/>on, lead to an imp<span class=\"_ _1\"/>airment loss be<span class=\"_ _1\"/>ing recognise<span class=\"_ _1\"/>d.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-109-9": {
   "value": "21<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls11c ws3e\">INT<span class=\"_ _7\"/>ANGIBLE<span class=\"_ _7\"/> ASSETS<span class=\"_ _6\"/> INCL<span class=\"_ _6\"/>UDING<span class=\"_ _7\"/> GOOD<span class=\"_ _6\"/>WILL</span>Fugro incur<span class=\"_ _1\"/>s explor<span class=\"_ _1\"/>ation and e<span class=\"_ _1\"/>valuation (<span class=\"_ _1\"/>E&amp;E<span class=\"_ _1\"/>) cost<span class=\"_ _1\"/>s in Australian are<span class=\"_ _1\"/>as of in<span class=\"_ _6\"/>terest in cooperation with Finder<span class=\"_ _6\"/> Explor<span class=\"_ _1\"/>ation Pt<span class=\"_ _1\"/>y Ltd (Fi<span class=\"_ _6\"/>nder),<span class=\"_ _6\"/> Theia Energy Pt<span class=\"_ _1\"/>y Ltd (<span class=\"_ _1\"/>Theia)<span class=\"_ _6\"/> and Finder re<span class=\"_ _1\"/>lated par<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>. These asset<span class=\"_ _1\"/>s are considered n<span class=\"_ _1\"/>on-core business. E&amp;<span class=\"_ _1\"/>E assets are classified as intan<span class=\"_ _1\"/>gible assets<span class=\"_ _1\"/>, as they t<span class=\"_ _1\"/>ypic<span class=\"_ _1\"/>ally relate to drilling per<span class=\"_ _1\"/>mits<span class=\"_ _1\"/>. E&amp;E exp<span class=\"_ _1\"/>enditure results in cer<span class=\"_ _1\"/>tain ite<span class=\"_ _1\"/>ms of expendit<span class=\"_ _1\"/>ure being cap<span class=\"_ _1\"/>italised for an ar<span class=\"_ _1\"/>ea of interest whe<span class=\"_ _1\"/>re it is considered likely to b<span class=\"_ _1\"/>e recover<span class=\"_ _1\"/>able. This p<span class=\"_ _1\"/>olic<span class=\"_ _1\"/>y requires manage<span class=\"_ _1\"/>ment to make cer<span class=\"_ _1\"/>tain estimates and assumptions as to futur<span class=\"_ _1\"/>e events and circumst<span class=\"_ _1\"/>ances, in particular whether an<span class=\"_ _6\"/> economically<span class=\"_ _6\"/> viable extrac<span class=\"_ _1\"/>tion operation can be establ<span class=\"_ _7\"/>ished by the par<span class=\"_ _1\"/>ti<span class=\"_ _1\"/>es involved. T<span class=\"_ _1\"/>hese estimates and assumptions inclu<span class=\"_ _1\"/>de the rele<span class=\"_ _1\"/>vant regulator<span class=\"_ _1\"/>y environm<span class=\"_ _1\"/>ent may change as new infor<span class=\"_ _1\"/>mation be<span class=\"_ _1\"/>comes available<span class=\"_ _1\"/>. A regular revi<span class=\"_ _1\"/>ew of each area of inter<span class=\"_ _1\"/>est is under<span class=\"_ _1\"/>taken to dete<span class=\"_ _1\"/>rmine the app<span class=\"_ _1\"/>ropriaten<span class=\"_ _1\"/>ess of continuing to carr<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ward costs in re<span class=\"_ _1\"/>lation to that area<span class=\"_ _1\"/>. Capit<span class=\"_ _1\"/>alised costs are onl<span class=\"_ _1\"/>y carrie<span class=\"_ _1\"/>d for<span class=\"_ _1\"/>ward to the ex<span class=\"_ _1\"/>tent that th<span class=\"_ _1\"/>ey are exp<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d to be re<span class=\"_ _1\"/>covered. A<span class=\"_ _1\"/>cc<span class=\"_ _6\"/>ordingly, E&amp;<span class=\"_ _1\"/>E assets are not amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d, but assessed fo<span class=\"_ _1\"/>r impairment indicat<span class=\"_ _1\"/>ions. If, af<span class=\"_ _1\"/>ter having capit<span class=\"_ _1\"/>alised the exp<span class=\"_ _1\"/>enditure under t<span class=\"_ _1\"/>he polic<span class=\"_ _1\"/>y, a judgem<span class=\"_ _1\"/>ent is made that recover<span class=\"_ _1\"/>y of th<span class=\"_ _1\"/>e expen<span class=\"_ _1\"/>diture is unlikely, the relev<span class=\"_ _1\"/>ant capitalise<span class=\"_ _1\"/>d amount will be wr<span class=\"_ _1\"/>itten of<span class=\"_ _1\"/>f to the st<span class=\"_ _1\"/>atement of comprehen<span class=\"_ _6\"/>sive<span class=\"_ _6\"/> income.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _22c\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _22d\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>E&amp;<span class=\"_ _1\"/>E (<span class=\"_ _1\"/>Fin<span class=\"_ _1\"/>de<span class=\"_ _1\"/>r/E&amp;<span class=\"_ _1\"/>E (<span class=\"_ _1\"/>Fin<span class=\"_ _1\"/>de<span class=\"_ _1\"/>r/Good<span class=\"_ _1\"/>will Th<span class=\"_ _1\"/>ei<span class=\"_ _1\"/>a) <span class=\"_ _36\"> </span><span class=\"ls2 ws2\">S<span class=\"_ _1\"/>of<span class=\"_ _1\"/>t<span class=\"_ _1\"/>war<span class=\"_ _1\"/>e <span class=\"_ _22\"> </span>Oth<span class=\"_ _1\"/>er <span class=\"_ _87\"> </span><span class=\"ls1b5 ws1b9\">Total<span class=\"_ _111\"> </span><span class=\"ls19e ws19e\">Go<span class=\"_ _1\"/>odwill </span></span></span>Th<span class=\"_ _1\"/>ei<span class=\"_ _1\"/>a) <span class=\"_ _36\"> </span><span class=\"ls2 ws2\">S<span class=\"_ _1\"/>of<span class=\"_ _1\"/>t<span class=\"_ _1\"/>war<span class=\"_ _1\"/>e <span class=\"_ _22\"> </span>Oth<span class=\"_ _1\"/>er <span class=\"_ _87\"> </span><span class=\"ls1b5 ws1b9\">Total</span></span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y Cost<span class=\"_ _22e\"> </span>587<span class=\"_ _7\"/>,<span class=\"_ _6\"/>188<span class=\"_ _65\"> </span>38,459<span class=\"_ _21\"> </span>17<span class=\"_ _7\"/>,0<span class=\"_ _1\"/>07<span class=\"_ _65\"> </span>25,964<span class=\"_ _17b\"> </span>668,618<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">560,467<span class=\"_ _6e\"> </span>3<span class=\"_ _1\"/>5,621<span class=\"_ _6e\"> </span>22,514<span class=\"_ _22\"> </span>31,874<span class=\"_ _39\"> </span>65<span class=\"_ _1\"/>0,47<span class=\"_ _6\"/>6</span>Accumulated amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation and impairm<span class=\"_ _1\"/>ent<span class=\"_ _4b\"> </span>(317<span class=\"_ _7\"/>,672)<span class=\"_ _d0\"> </span>(20,766)<span class=\"_ _2b\"> </span>(1<span class=\"_ _1\"/>6,909)<span class=\"_ _d0\"> </span>(2<span class=\"_ _1\"/>3,432)<span class=\"_ _10b\"> </span>(378,7<span class=\"_ _1\"/>79)<span class=\"_ _36\"> </span><span class=\"ff8 fc14\">(302,818)<span class=\"_ _86\"> </span>(18,467)<span class=\"_ _d0\"> </span>(22,237<span class=\"_ _1\"/>)<span class=\"_ _9f\"> </span>(29,663)<span class=\"_ _e5\"> </span>(373,185)</span>Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _128\"> </span>26<span class=\"_ _6\"/>9,516<span class=\"_ _24\"> </span>17<span class=\"_ _7\"/>,693<span class=\"_ _22f\"> </span>98<span class=\"_ _5d\"> </span>2,532<span class=\"_ _d0\"> </span>289,839<span class=\"_ _86\"> </span><span class=\"fc14\">25<span class=\"_ _1\"/>7<span class=\"_ _7\"/>,649<span class=\"_ _61\"> </span>17<span class=\"_ _7\"/>,154<span class=\"_ _b1\"> </span><span class=\"ls43 ws4b\">277<span class=\"_ _60\"> </span></span>2,<span class=\"_ _1\"/>211<span class=\"_ _f2\"> </span><span class=\"ls43 ws4b\">27<span class=\"_ _1\"/>7<span class=\"_ _3\"/>,291</span></span>Change in c<span class=\"_ _6\"/>arr<span class=\"_ _1\"/>ying amount:Purc<span class=\"_ _1\"/>hase of intangib<span class=\"_ _1\"/>le asset<span class=\"_ _1\"/>s-<span class=\"_ _e3\"> </span>-927<span class=\"_ _b2\"> </span><span class=\"ls1f1 ws1f5\">305<span class=\"_ _89\"> </span></span>1,2<span class=\"_ _1\"/>32-<span class=\"_ _e3\"> </span>-22<span class=\"_ _df\"> </span><span class=\"ls87 ws3b\">69<span class=\"_ _1\"/>6<span class=\"_ _e\"> </span></span>7<span class=\"_ _1\"/>18Other additions-1,245-<span class=\"_ _e3\"> </span>-1,245-1,648-<span class=\"_ _e3\"> </span>-1,648Amor<span class=\"_ _1\"/>tisation-<span class=\"_ _e3\"> </span>-(123)<span class=\"_ _60\"> </span>(412)<span class=\"_ _87\"> </span>(535)-<span class=\"_ _e3\"> </span>-(90)<span class=\"_ _70\"> </span><span class=\"ls87 ws3b\">(4<span class=\"_ _1\"/>67<span class=\"_ _1\"/>)<span class=\"_ _87\"> </span></span>(55<span class=\"_ _1\"/>7)Impairme<span class=\"_ _1\"/>nt-(1,252)-<span class=\"_ _e3\"> </span>-(1,252)-(1,662)-<span class=\"_ _e3\"> </span>-(1,662)Disp<span class=\"_ _1\"/>osals-(70<span class=\"_ _1\"/>0)-(2)<span class=\"_ _87\"> </span>(<span class=\"_ _1\"/>702)-<span class=\"_ _e3\"> </span>-(120)<span class=\"_ _1b\"> </span>(9)<span class=\"_ _6b\"> </span>(129)Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of movement<span class=\"_ _1\"/>s in foreign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _1b7\"> </span>2,962<span class=\"_ _fc\"> </span>21<span class=\"_ _ed\"> </span><span class=\"ls43 ws4b\">(27)<span class=\"_ _d2\"> </span></span>(34)<span class=\"_ _22\"> </span>2,922<span class=\"_ _20\"> </span><span class=\"ff8 fc14\">11,867<span class=\"_ _b2\"> </span><span class=\"ls43 ws4b\">553<span class=\"_ _99\"> </span></span>9<span class=\"_ _1b\"> </span>101<span class=\"_ _5f\"> </span>12,530</span>T<span class=\"_ _7\"/>otal changes<span class=\"_ _230\"> </span>2,962<span class=\"_ _6b\"> </span>(6<span class=\"_ _1\"/>86)<span class=\"_ _1a\"> </span><span class=\"ls161 ws16e\">777<span class=\"_ _1a\"> </span></span>(143)<span class=\"_ _24\"> </span>2,910<span class=\"_ _21\"> </span><span class=\"fc14\">11,867<span class=\"_ _231\"> </span>539<span class=\"_ _8e\"> </span>(17<span class=\"_ _1\"/>9)<span class=\"_ _ae\"> </span>321<span class=\"_ _84\"> </span>12,54<span class=\"_ _1\"/>8</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er Cost<span class=\"_ _232\"> </span>595,172<span class=\"_ _5f\"> </span>38,<span class=\"_ _6\"/>198<span class=\"_ _5d\"> </span>9,663<span class=\"_ _84\"> </span>12,04<span class=\"_ _1\"/>8<span class=\"_ _fa\"> </span>65<span class=\"_ _1\"/>5,081<span class=\"_ _b3\"> </span><span class=\"ff8 fc14\">5<span class=\"_ _1\"/>87<span class=\"_ _3\"/>,188<span class=\"_ _9b\"> </span>38,459<span class=\"_ _21\"> </span>17<span class=\"_ _7\"/>,007<span class=\"_ _65\"> </span>25,964<span class=\"_ _f9\"> </span>668,618</span>Accumulated amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation and impairm<span class=\"_ _1\"/>ent<span class=\"_ _1d3\"> </span>(322,694)<span class=\"_ _9b\"> </span>(21,<span class=\"_ _6\"/>191)<span class=\"_ _6f\"> </span>(8,788)<span class=\"_ _6f\"> </span>(9,659)<span class=\"_ _12\"> </span>(362,332)<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">(317<span class=\"_ _7\"/>,672)<span class=\"_ _17c\"> </span>(20,766)<span class=\"_ _2b\"> </span>(16,90<span class=\"_ _1\"/>9)<span class=\"_ _17c\"> </span>(2<span class=\"_ _1\"/>3,<span class=\"_ _6\"/>432)<span class=\"_ _36\"> </span>(378,7<span class=\"_ _1\"/>79)</span>Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _233\"> </span>272,478<span class=\"_ _24\"> </span>17<span class=\"_ _7\"/>,007<span class=\"_ _b2\"> </span>875<span class=\"_ _61\"> </span>2,389<span class=\"_ _86\"> </span>292,749<span class=\"_ _17b\"> </span><span class=\"fc14\">269,516<span class=\"_ _22\"> </span>17<span class=\"_ _7\"/>,693<span class=\"_ _22f\"> </span>98<span class=\"_ _73\"> </span>2,532<span class=\"_ _d0\"> </span>289,839</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExplorationAndEvaluationAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-109-10": {
   "value": "21<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls11c ws3e\">INT<span class=\"_ _7\"/>ANGIBLE<span class=\"_ _7\"/> ASSETS<span class=\"_ _6\"/> INCL<span class=\"_ _6\"/>UDING<span class=\"_ _7\"/> GOOD<span class=\"_ _6\"/>WILL</span>Go<span class=\"_ _1\"/>odwill that arises up<span class=\"_ _1\"/>on the acquisition of subsidiaries is pr<span class=\"_ _1\"/>esented with intan<span class=\"_ _1\"/>gible assets<span class=\"_ _1\"/>. For th<span class=\"_ _1\"/>e measurement of go<span class=\"_ _1\"/>odwill at initial re<span class=\"_ _1\"/>cognition<span class=\"_ _1\"/>, goo<span class=\"_ _1\"/>dwill is measured at cost less accumulated impairme<span class=\"_ _1\"/>nt losses. Go<span class=\"_ _1\"/>odwill is allo<span class=\"_ _1\"/>cated to cash gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s and is not amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d but is tested for imp<span class=\"_ _1\"/>airment annually and wh<span class=\"_ _1\"/>en there is an indicatio<span class=\"_ _1\"/>n for impairme<span class=\"_ _1\"/>nt. The m<span class=\"_ _1\"/>easurement date of the annual go<span class=\"_ _1\"/>odwill impairm<span class=\"_ _1\"/>ent test is 3<span class=\"_ _1\"/>0 Septemb<span class=\"_ _1\"/>er<span class=\"_ _7\"/>. I<span class=\"_ _1\"/>n respec<span class=\"_ _1\"/>t of equit<span class=\"_ _1\"/>y-acc<span class=\"_ _6\"/>ounted investe<span class=\"_ _1\"/>es, the c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt of goo<span class=\"_ _1\"/>dwill is included in t<span class=\"_ _1\"/>he carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the investme<span class=\"_ _1\"/>nt, and any impair<span class=\"_ _1\"/>ment loss is allocate<span class=\"_ _1\"/>d to the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the e<span class=\"_ _1\"/>quity-accounted investee as a wh<span class=\"_ _1\"/>ole.For g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill, and intangible asset<span class=\"_ _1\"/>s that have indef<span class=\"_ _1\"/>inite useful lives or that are not yet available fo<span class=\"_ _1\"/>r use, the re<span class=\"_ _1\"/>coverable am<span class=\"_ _1\"/>ount is estimated each year at t<span class=\"_ _1\"/>he same time<span class=\"_ _1\"/>. An impair<span class=\"_ _1\"/>ment loss is recognise<span class=\"_ _1\"/>d if the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of an asset or its r<span class=\"_ _1\"/>elated cash-gene<span class=\"_ _1\"/>rating unit excee<span class=\"_ _1\"/>ds its estimate<span class=\"_ _1\"/>d recovera<span class=\"_ _1\"/>ble amount. I<span class=\"_ _1\"/>mpairment losses ar<span class=\"_ _1\"/>e recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss. Impairm<span class=\"_ _1\"/>ent losses recognise<span class=\"_ _1\"/>d in respec<span class=\"_ _1\"/>t of cash-gene<span class=\"_ _1\"/>rating units are all<span class=\"_ _1\"/>ocated f<span class=\"_ _1\"/>irst to re<span class=\"_ _1\"/>duce the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of any goo<span class=\"_ _1\"/>dwill alloc<span class=\"_ _1\"/>ated to the cash-gene<span class=\"_ _1\"/>rating unit (or group of cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) and t<span class=\"_ _1\"/>hen to redu<span class=\"_ _1\"/>ce the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the oth<span class=\"_ _1\"/>er assets in the c<span class=\"_ _1\"/>ash-gener<span class=\"_ _1\"/>ating unit (<span class=\"_ _6\"/>or group of cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) on a p<span class=\"_ _1\"/>ro rata b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s.Subjec<span class=\"_ _1\"/>t to an ope<span class=\"_ _1\"/>rating se<span class=\"_ _1\"/>gment ceiling test, f<span class=\"_ _1\"/>or the pur<span class=\"_ _1\"/>poses of goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt testing<span class=\"_ _1\"/>, C<span class=\"_ _6\"/>GUs to which g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill has been allo<span class=\"_ _1\"/>cated, are a<span class=\"_ _1\"/>ggregate<span class=\"_ _1\"/>d so that the leve<span class=\"_ _1\"/>l at which impair<span class=\"_ _1\"/>ment testing is per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>med ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ts t<span class=\"_ _1\"/>he lowest l<span class=\"_ _1\"/>evel at which go<span class=\"_ _1\"/>odwill is monitored for i<span class=\"_ _6\"/>nterna<span class=\"_ _6\"/>l repor<span class=\"_ _1\"/>ting pu<span class=\"_ _7\"/>r<span class=\"_ _1\"/>poses.An impair<span class=\"_ _1\"/>ment loss in respe<span class=\"_ _1\"/>ct of go<span class=\"_ _1\"/>odwill is not rever<span class=\"_ _1\"/>sed. I<span class=\"_ _1\"/>n respec<span class=\"_ _1\"/>t of other asset<span class=\"_ _1\"/>s, impairme<span class=\"_ _1\"/>nt losses recognised in p<span class=\"_ _1\"/>rior pe<span class=\"_ _1\"/>riods are re<span class=\"_ _1\"/>viewe<span class=\"_ _1\"/>d at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date for any indicatio<span class=\"_ _1\"/>ns that the loss has decr<span class=\"_ _1\"/>eased or no lo<span class=\"_ _1\"/>nger exist<span class=\"_ _1\"/>s. F<span class=\"_ _1\"/>or these oth<span class=\"_ _1\"/>er assets<span class=\"_ _1\"/>, an <span class=\"_ _8\"/> impairme<span class=\"_ _1\"/>nt loss is reversed if t<span class=\"_ _1\"/>here has be<span class=\"_ _1\"/>en a change in the es<span class=\"_ _1\"/>timates used to determ<span class=\"_ _1\"/>ine the recover<span class=\"_ _1\"/>able amo<span class=\"_ _1\"/>unt. An impair<span class=\"_ _1\"/>ment loss is revers<span class=\"_ _1\"/>ed only to th<span class=\"_ _1\"/>e exte<span class=\"_ _1\"/>nt that the asset<span class=\"_ _1\"/>\u2019s carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount does n<span class=\"_ _1\"/>ot exceed the c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying am<span class=\"_ _1\"/>ount that would have been determined, net of depr<span class=\"_ _6\"/>eciation or amortisation, if<span class=\"_ _6\"/> no impa<span class=\"_ _6\"/>irment lo<span class=\"_ _6\"/>ss had<span class=\"_ _6\"/> been rec<span class=\"_ _6\"/>ogn<span class=\"_ _6\"/>is<span class=\"_ _7\"/>ed.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _22c\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _22d\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>E&amp;<span class=\"_ _1\"/>E (<span class=\"_ _1\"/>Fin<span class=\"_ _1\"/>de<span class=\"_ _1\"/>r/E&amp;<span class=\"_ _1\"/>E (<span class=\"_ _1\"/>Fin<span class=\"_ _1\"/>de<span class=\"_ _1\"/>r/Good<span class=\"_ _1\"/>will Th<span class=\"_ _1\"/>ei<span class=\"_ _1\"/>a) <span class=\"_ _36\"> </span><span class=\"ls2 ws2\">S<span class=\"_ _1\"/>of<span class=\"_ _1\"/>t<span class=\"_ _1\"/>war<span class=\"_ _1\"/>e <span class=\"_ _22\"> </span>Oth<span class=\"_ _1\"/>er <span class=\"_ _87\"> </span><span class=\"ls1b5 ws1b9\">Total<span class=\"_ _111\"> </span><span class=\"ls19e ws19e\">Go<span class=\"_ _1\"/>odwill </span></span></span>Th<span class=\"_ _1\"/>ei<span class=\"_ _1\"/>a) <span class=\"_ _36\"> </span><span class=\"ls2 ws2\">S<span class=\"_ _1\"/>of<span class=\"_ _1\"/>t<span class=\"_ _1\"/>war<span class=\"_ _1\"/>e <span class=\"_ _22\"> </span>Oth<span class=\"_ _1\"/>er <span class=\"_ _87\"> </span><span class=\"ls1b5 ws1b9\">Total</span></span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y Cost<span class=\"_ _22e\"> </span>587<span class=\"_ _7\"/>,<span class=\"_ _6\"/>188<span class=\"_ _65\"> </span>38,459<span class=\"_ _21\"> </span>17<span class=\"_ _7\"/>,0<span class=\"_ _1\"/>07<span class=\"_ _65\"> </span>25,964<span class=\"_ _17b\"> </span>668,618<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">560,467<span class=\"_ _6e\"> </span>3<span class=\"_ _1\"/>5,621<span class=\"_ _6e\"> </span>22,514<span class=\"_ _22\"> </span>31,874<span class=\"_ _39\"> </span>65<span class=\"_ _1\"/>0,47<span class=\"_ _6\"/>6</span>Accumulated amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation and impairm<span class=\"_ _1\"/>ent<span class=\"_ _4b\"> </span>(317<span class=\"_ _7\"/>,672)<span class=\"_ _d0\"> </span>(20,766)<span class=\"_ _2b\"> </span>(1<span class=\"_ _1\"/>6,909)<span class=\"_ _d0\"> </span>(2<span class=\"_ _1\"/>3,432)<span class=\"_ _10b\"> </span>(378,7<span class=\"_ _1\"/>79)<span class=\"_ _36\"> </span><span class=\"ff8 fc14\">(302,818)<span class=\"_ _86\"> </span>(18,467)<span class=\"_ _d0\"> </span>(22,237<span class=\"_ _1\"/>)<span class=\"_ _9f\"> </span>(29,663)<span class=\"_ _e5\"> </span>(373,185)</span>Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _128\"> </span>26<span class=\"_ _6\"/>9,516<span class=\"_ _24\"> </span>17<span class=\"_ _7\"/>,693<span class=\"_ _22f\"> </span>98<span class=\"_ _5d\"> </span>2,532<span class=\"_ _d0\"> </span>289,839<span class=\"_ _86\"> </span><span class=\"fc14\">25<span class=\"_ _1\"/>7<span class=\"_ _7\"/>,649<span class=\"_ _61\"> </span>17<span class=\"_ _7\"/>,154<span class=\"_ _b1\"> </span><span class=\"ls43 ws4b\">277<span class=\"_ _60\"> </span></span>2,<span class=\"_ _1\"/>211<span class=\"_ _f2\"> </span><span class=\"ls43 ws4b\">27<span class=\"_ _1\"/>7<span class=\"_ _3\"/>,291</span></span>Change in c<span class=\"_ _6\"/>arr<span class=\"_ _1\"/>ying amount:Purc<span class=\"_ _1\"/>hase of intangib<span class=\"_ _1\"/>le asset<span class=\"_ _1\"/>s-<span class=\"_ _e3\"> </span>-927<span class=\"_ _b2\"> </span><span class=\"ls1f1 ws1f5\">305<span class=\"_ _89\"> </span></span>1,2<span class=\"_ _1\"/>32-<span class=\"_ _e3\"> </span>-22<span class=\"_ _df\"> </span><span class=\"ls87 ws3b\">69<span class=\"_ _1\"/>6<span class=\"_ _e\"> </span></span>7<span class=\"_ _1\"/>18Other additions-1,245-<span class=\"_ _e3\"> </span>-1,245-1,648-<span class=\"_ _e3\"> </span>-1,648Amor<span class=\"_ _1\"/>tisation-<span class=\"_ _e3\"> </span>-(123)<span class=\"_ _60\"> </span>(412)<span class=\"_ _87\"> </span>(535)-<span class=\"_ _e3\"> </span>-(90)<span class=\"_ _70\"> </span><span class=\"ls87 ws3b\">(4<span class=\"_ _1\"/>67<span class=\"_ _1\"/>)<span class=\"_ _87\"> </span></span>(55<span class=\"_ _1\"/>7)Impairme<span class=\"_ _1\"/>nt-(1,252)-<span class=\"_ _e3\"> </span>-(1,252)-(1,662)-<span class=\"_ _e3\"> </span>-(1,662)Disp<span class=\"_ _1\"/>osals-(70<span class=\"_ _1\"/>0)-(2)<span class=\"_ _87\"> </span>(<span class=\"_ _1\"/>702)-<span class=\"_ _e3\"> </span>-(120)<span class=\"_ _1b\"> </span>(9)<span class=\"_ _6b\"> </span>(129)Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of movement<span class=\"_ _1\"/>s in foreign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _1b7\"> </span>2,962<span class=\"_ _fc\"> </span>21<span class=\"_ _ed\"> </span><span class=\"ls43 ws4b\">(27)<span class=\"_ _d2\"> </span></span>(34)<span class=\"_ _22\"> </span>2,922<span class=\"_ _20\"> </span><span class=\"ff8 fc14\">11,867<span class=\"_ _b2\"> </span><span class=\"ls43 ws4b\">553<span class=\"_ _99\"> </span></span>9<span class=\"_ _1b\"> </span>101<span class=\"_ _5f\"> </span>12,530</span>T<span class=\"_ _7\"/>otal changes<span class=\"_ _230\"> </span>2,962<span class=\"_ _6b\"> </span>(6<span class=\"_ _1\"/>86)<span class=\"_ _1a\"> </span><span class=\"ls161 ws16e\">777<span class=\"_ _1a\"> </span></span>(143)<span class=\"_ _24\"> </span>2,910<span class=\"_ _21\"> </span><span class=\"fc14\">11,867<span class=\"_ _231\"> </span>539<span class=\"_ _8e\"> </span>(17<span class=\"_ _1\"/>9)<span class=\"_ _ae\"> </span>321<span class=\"_ _84\"> </span>12,54<span class=\"_ _1\"/>8</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er Cost<span class=\"_ _232\"> </span>595,172<span class=\"_ _5f\"> </span>38,<span class=\"_ _6\"/>198<span class=\"_ _5d\"> </span>9,663<span class=\"_ _84\"> </span>12,04<span class=\"_ _1\"/>8<span class=\"_ _fa\"> </span>65<span class=\"_ _1\"/>5,081<span class=\"_ _b3\"> </span><span class=\"ff8 fc14\">5<span class=\"_ _1\"/>87<span class=\"_ _3\"/>,188<span class=\"_ _9b\"> </span>38,459<span class=\"_ _21\"> </span>17<span class=\"_ _7\"/>,007<span class=\"_ _65\"> </span>25,964<span class=\"_ _f9\"> </span>668,618</span>Accumulated amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation and impairm<span class=\"_ _1\"/>ent<span class=\"_ _1d3\"> </span>(322,694)<span class=\"_ _9b\"> </span>(21,<span class=\"_ _6\"/>191)<span class=\"_ _6f\"> </span>(8,788)<span class=\"_ _6f\"> </span>(9,659)<span class=\"_ _12\"> </span>(362,332)<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">(317<span class=\"_ _7\"/>,672)<span class=\"_ _17c\"> </span>(20,766)<span class=\"_ _2b\"> </span>(16,90<span class=\"_ _1\"/>9)<span class=\"_ _17c\"> </span>(2<span class=\"_ _1\"/>3,<span class=\"_ _6\"/>432)<span class=\"_ _36\"> </span>(378,7<span class=\"_ _1\"/>79)</span>Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _233\"> </span>272,478<span class=\"_ _24\"> </span>17<span class=\"_ _7\"/>,007<span class=\"_ _b2\"> </span>875<span class=\"_ _61\"> </span>2,389<span class=\"_ _86\"> </span>292,749<span class=\"_ _17b\"> </span><span class=\"fc14\">269,516<span class=\"_ _22\"> </span>17<span class=\"_ _7\"/>,693<span class=\"_ _22f\"> </span>98<span class=\"_ _73\"> </span>2,532<span class=\"_ _d0\"> </span>289,839</span>Goo<span class=\"_ _1\"/>dwillThe c<span class=\"_ _1\"/>apitalised go<span class=\"_ _1\"/>odwill w<span class=\"_ _1\"/>as allocated to th<span class=\"_ _1\"/>e following CGU<span class=\"_ _1\"/>\u2019s as at 31 Decemb<span class=\"_ _1\"/>er:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Europe-Afr<span class=\"_ _1\"/>ica<span class=\"_ _234\"> </span><span class=\"ls2 ws2\">120,288<span class=\"_ _f2\"> </span><span class=\"ff8 fc14\">118,980</span></span>Americas<span class=\"_ _235\"> </span><span class=\"ls2 ws2\">70,541<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">69,774</span></span>A<span class=\"_ _1\"/>sia Pac<span class=\"_ _1\"/>ific<span class=\"_ _236\"> </span><span class=\"ls2 ws2\">29,738<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">29,<span class=\"_ _6\"/>415</span></span>Middl<span class=\"_ _1\"/>e East &amp; India<span class=\"_ _1c1\"> </span>51,911<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">51,347</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1\"/> <span class=\"_ _237\"> </span><span class=\"ls2 ws2\">272,478<span class=\"_ _17b\"> </span><span class=\"fc14\">269,516</span></span>Impairme<span class=\"_ _1\"/>nt testing for cash-generating unit<span class=\"_ _1\"/>s containing goodwillThe re<span class=\"_ _1\"/>coverable a<span class=\"_ _1\"/>mounts of the c<span class=\"_ _1\"/>ash-gener<span class=\"_ _1\"/>ating units have b<span class=\"_ _1\"/>een deter<span class=\"_ _1\"/>mined base<span class=\"_ _1\"/>d on value in use cal<span class=\"_ _1\"/>culations. Value in use was dete<span class=\"_ _1\"/>rmined by discounting th<span class=\"_ _1\"/>e expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d future cash flo<span class=\"_ _1\"/>ws from th<span class=\"_ _1\"/>e continuing use of the CGU\u2019s. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Cash f<span class=\"_ _1\"/>lows in the f<span class=\"_ _1\"/>irst year of th<span class=\"_ _1\"/>e forec<span class=\"_ _1\"/>ast are based on manag<span class=\"_ _1\"/>ement<span class=\"_ _1\"/>\u2019s approved financial b<span class=\"_ _1\"/>udget<span class=\"_ _1\"/>. For all CGU<span class=\"_ _1\"/>\u2019s, the 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>3 proje<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ons fac<span class=\"_ _1\"/>tor in, amon<span class=\"_ _1\"/>gst other<span class=\"_ _1\"/>s, already signed contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>ts, e<span class=\"_ _1\"/>xpec<span class=\"_ _1\"/>ted win r<span class=\"_ _1\"/>ates on contra<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s out for bid<span class=\"_ _1\"/>, expe<span class=\"_ _1\"/>cted c<span class=\"_ _1\"/>rew and vessel utili<span class=\"_ _7\"/>sation rates and/<span class=\"_ _6\"/>or indu<span class=\"_ _6\"/>str<span class=\"_ _1\"/>y developmen<span class=\"_ _6\"/>ts. Cash flows for the C<span class=\"_ _7\"/>G<span class=\"_ _1\"/>U\u2019s beyond one year are ex<span class=\"_ _1\"/>tr<span class=\"_ _1\"/>apolated using an est<span class=\"_ _1\"/>imated grow<span class=\"_ _1\"/>th rate b<span class=\"_ _1\"/>ased on exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted market develo<span class=\"_ _1\"/>pments<span class=\"_ _1\"/>, taking into account str<span class=\"_ _1\"/>ategic plans of the comp<span class=\"_ _1\"/>any and current market condi<span class=\"_ _6\"/>tions. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Cash f<span class=\"_ _1\"/>lows for t<span class=\"_ _1\"/>he C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>\u2019s beyond f<span class=\"_ _1\"/>ive years ar<span class=\"_ _1\"/>e ext<span class=\"_ _1\"/>rapo<span class=\"_ _1\"/>lated using an estimated long-term gr<span class=\"_ _1\"/>owt<span class=\"_ _1\"/>h rate of 2<span class=\"_ _1\"/>.1% (20<span class=\"_ _1\"/>21: 0<span class=\"_ _1\"/>.<span class=\"_ _1\"/>0%). For t<span class=\"_ _1\"/>he C<span class=\"_ _6\"/>GU<span class=\"_ _1\"/>\u2019s the grow<span class=\"_ _1\"/>th r<span class=\"_ _1\"/>ates are based on an analysis of the l<span class=\"_ _1\"/>ong-term market pr<span class=\"_ _1\"/>ice trends in rele<span class=\"_ _1\"/>vant industries a<span class=\"_ _1\"/>djusted for actual experience. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Any est<span class=\"_ _1\"/>imated future cash inf<span class=\"_ _1\"/>lows / out<span class=\"_ _1\"/>flo<span class=\"_ _1\"/>ws expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d to arise from f<span class=\"_ _1\"/>uture restr<span class=\"_ _1\"/>uctur<span class=\"_ _1\"/>ing, if any, are exclude<span class=\"_ _1\"/>d from the c<span class=\"_ _1\"/>alculations, unle<span class=\"_ _1\"/>ss already commit<span class=\"_ _1\"/>ted to. This also applies to a larg<span class=\"_ _1\"/>e exte<span class=\"_ _1\"/>nt to transformat<span class=\"_ _1\"/>ion capit<span class=\"_ _1\"/>al expen<span class=\"_ _1\"/>ditures and the resulting impac<span class=\"_ _1\"/>t on cash inflow<span class=\"_ _1\"/>s.  <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>The pr<span class=\"_ _1\"/>e-tax discount rate used to discount the p<span class=\"_ _1\"/>re-tax cash f<span class=\"_ _1\"/>lows for imp<span class=\"_ _1\"/>airment testing pur<span class=\"_ _1\"/>poses is determin<span class=\"_ _1\"/>ed throu<span class=\"_ _1\"/>gh an iterative c<span class=\"_ _1\"/>alculation using the pr<span class=\"_ _1\"/>ojec<span class=\"_ _1\"/>ted post-tax cash fl<span class=\"_ _1\"/>ows, ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted t<span class=\"_ _1\"/>ax rate for t<span class=\"_ _1\"/>he respe<span class=\"_ _1\"/>ctive c<span class=\"_ _1\"/>ash gener<span class=\"_ _1\"/>ating units and a post-tax discount rate for th<span class=\"_ _1\"/>e Group.The key assumptions use<span class=\"_ _1\"/>d in the annual goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt test at the 3<span class=\"_ _1\"/>0 Septemb<span class=\"_ _1\"/>er measurement date we<span class=\"_ _1\"/>re as follows:Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th ra<span class=\"_ _1\"/>te  Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th ra<span class=\"_ _1\"/>te  Pre-tax <span class=\"ls2 ws2\"> </span>Long-term <span class=\"ls2 ws2\"> </span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)first yearlong-term discount<span class=\"_ _6\"/> rate E<span class=\"_ _1\"/>BI<span class=\"_ _1\"/>T marg<span class=\"_ _1\"/>in %2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _e4\"> </span></span>2022<span class=\"_ _10b\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span>Europe-Afr<span class=\"_ _1\"/>ica<span class=\"_ _17a\"> </span><span class=\"ff8 ls2 ws2\">13.1<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span><span class=\"ff4 fc14\">9.3<span class=\"_ _0\"/>%<span class=\"_ _e5\"> </span></span><span class=\"ls1df ws1e5\">2<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"ff4 fc14\">0.0<span class=\"_ _0\"/>%<span class=\"_ _145\"> </span></span>11.7<span class=\"_ _0\"/>%<span class=\"_ _13\"> </span><span class=\"ff4 fc14\">9.9<span class=\"_ _0\"/>%<span class=\"_ _e4\"> </span></span>10.1<span class=\"_ _1\"/>%<span class=\"_ _e4\"> </span><span class=\"ff4 fc14\">10.1<span class=\"_ _1\"/>%</span></span>Americas<span class=\"_ _7c\"> </span><span class=\"ff8 ls2 ws2\">10.3<span class=\"_ _0\"/>%<span class=\"_ _111\"> </span></span>5<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _a0\"> </span><span class=\"ff8 fc2\">2.1<span class=\"_ _4\"/>%<span class=\"_ _13\"> </span></span>0.0<span class=\"_ _1\"/>%<span class=\"_ _e4\"> </span><span class=\"ff8 fc2\">11.9<span class=\"_ _0\"/>%<span class=\"_ _13\"> </span></span>9.8<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span><span class=\"ff8 fc2\">9.9<span class=\"_ _0\"/>%<span class=\"_ _120\"> </span></span><span class=\"ls1fd ws20a\">7.<span class=\"_ _0\"/>3<span class=\"_ _4\"> </span>%</span>A<span class=\"_ _1\"/>sia Pac<span class=\"_ _1\"/>ific<span class=\"_ _c0\"> </span><span class=\"ff8 ls1fd ws20a\">2<span class=\"_ _0\"/>7.<span class=\"_ _0\"/>7<span class=\"_ _4\"> </span>%<span class=\"_ _17f\"> </span></span><span class=\"fc14 ls2 ws2\">(1.9<span class=\"_ _1\"/>%)<span class=\"_ _111\"> </span></span><span class=\"ff8 ls1df ws1e5\">2<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"fc14 ls2 ws2\">0.0<span class=\"_ _1\"/>%<span class=\"_ _145\"> </span><span class=\"ff8 fc2\">11.6<span class=\"_ _1\"/>%<span class=\"_ _12\"> </span></span>9.5<span class=\"_ _0\"/>%<span class=\"_ _e5\"> </span></span><span class=\"ff8 ls1df ws1e5\">8.1<span class=\"_ _0\"/>%<span class=\"_ _36\"> </span></span><span class=\"fc14 ls2 ws2\">6.0<span class=\"_ _1\"/>%</span>Middl<span class=\"_ _1\"/>e East &amp; India<span class=\"_ _12a\"> </span>15.1<span class=\"_ _1\"/>%<span class=\"_ _35\"> </span><span class=\"ff4 fc14\">28.6<span class=\"_ _1\"/>%<span class=\"_ _111\"> </span></span><span class=\"ls1df ws1e5\">2.1<span class=\"_ _4\"> </span>%<span class=\"_ _13\"> </span></span><span class=\"ff4 fc14\">0.0<span class=\"_ _1\"/>%<span class=\"_ _9\"> </span></span>12.9<span class=\"_ _1\"/>%<span class=\"_ _15\"> </span><span class=\"ff4 fc14\">10.9<span class=\"_ _0\"/>%<span class=\"_ _12\"> </span></span><span class=\"ls1e1 ws1e7\">9.4<span class=\"_ _0\"/>%<span class=\"_ _111\"> </span></span><span class=\"fc14 ls1df ws1e5\">9<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%</span>Climate-related mat<span class=\"_ _1\"/>ter<span class=\"_ _1\"/>s were ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ted in thes<span class=\"_ _1\"/>e ass<span class=\"_ _6\"/>umptions as follo<span class=\"_ _1\"/>ws: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Assumpti<span class=\"_ _1\"/>ons on market devel<span class=\"_ _1\"/>opment<span class=\"_ _1\"/>s for the market s<span class=\"_ _1\"/>egment<span class=\"_ _1\"/>s in which Fugro ope<span class=\"_ _1\"/>rates, inclu<span class=\"_ _1\"/>ding high grow<span class=\"_ _1\"/>th in the re<span class=\"_ _1\"/>newabl<span class=\"_ _1\"/>es market segme<span class=\"_ _1\"/>nt compared to in par<span class=\"_ _1\"/>ticular oil and g<span class=\"_ _1\"/>as. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Capit<span class=\"_ _1\"/>al expe<span class=\"_ _1\"/>nditures to dec<span class=\"_ _1\"/>arbonise t<span class=\"_ _1\"/>he vessel f<span class=\"_ _1\"/>leet by 2<span class=\"_ _1\"/>03<span class=\"_ _1\"/>5<span class=\"_ _1\"/>, howeve<span class=\"_ _1\"/>r only insofar these qualif<span class=\"_ _1\"/>y fo<span class=\"_ _1\"/>r inclusion in the valu<span class=\"_ _1\"/>e in use calculation. C<span class=\"_ _1\"/>apital ex<span class=\"_ _1\"/>penditur<span class=\"_ _1\"/>es that improve the ve<span class=\"_ _1\"/>ssel\u2019s per<span class=\"_ _1\"/>forman<span class=\"_ _1\"/>ce are excluded in v<span class=\"_ _1\"/>alue in use calculations<span class=\"_ _1\"/>. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>T<span class=\"_ _6\"/>erminal v<span class=\"_ _1\"/>alue grow<span class=\"_ _1\"/>th rates are c<span class=\"_ _1\"/>apped at t<span class=\"_ _1\"/>he risk<span class=\"_ _6\"/>-free r<span class=\"_ _1\"/>ate. No fur<span class=\"_ _1\"/>th<span class=\"_ _1\"/>er adjustment in long ter<span class=\"_ _1\"/>m grow<span class=\"_ _1\"/>th rates f<span class=\"_ _1\"/>or the ene<span class=\"_ _1\"/>rgy tra<span class=\"_ _1\"/>nsition from th<span class=\"_ _1\"/>e fossil fuel se<span class=\"_ _1\"/>ctor to th<span class=\"_ _1\"/>e renewable energy sector was deemed necessa<span class=\"_ _6\"/>r<span class=\"_ _1\"/>y and there<span class=\"_ _6\"/>fore not c<span class=\"_ _6\"/>ons<span class=\"_ _6\"/>idered to ha<span class=\"_ _6\"/>ve a material impa<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>.The inc<span class=\"_ _1\"/>rease in discount rate from 2<span class=\"_ _1\"/>021 to 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 is mainly drive<span class=\"_ _1\"/>n by a higher equit<span class=\"_ _1\"/>y mar<span class=\"_ _1\"/>ket risk premium and r<span class=\"_ _1\"/>isk<span class=\"_ _7\"/>-fre<span class=\"_ _1\"/>e rate.The g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill sensitivit<span class=\"_ _1\"/>y analysis of each CGU as at the me<span class=\"_ _1\"/>as<span class=\"_ _6\"/>urement date w<span class=\"_ _1\"/>as as follows:Cha<span class=\"_ _1\"/>nge r<span class=\"_ _1\"/>equ<span class=\"_ _1\"/>ire<span class=\"_ _1\"/>d in eac<span class=\"_ _1\"/>h key ass<span class=\"_ _1\"/>ump<span class=\"_ _1\"/>tion  (E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)fo<span class=\"_ _1\"/>r head<span class=\"_ _1\"/>roo<span class=\"_ _1\"/>m to eq<span class=\"_ _1\"/>ual ze<span class=\"_ _1\"/>roGr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th Gr<span class=\"_ _1\"/>ow<span class=\"_ _1\"/>th Pre-tax Long-term  ra<span class=\"_ _1\"/>te ra<span class=\"_ _1\"/>te  discount EBITHeadroo<span class=\"_ _1\"/>mfirst yearlong-termratemar<span class=\"_ _1\"/>gin %Europe-Afr<span class=\"_ _1\"/>ica<span class=\"_ _1d8\"> </span><span class=\"ls2 ws2\">49<span class=\"_ _1\"/>4,<span class=\"_ _6\"/>406<span class=\"_ _145\"> </span>(33.0<span class=\"_ _1\"/>%)<span class=\"_ _175\"> </span>(10,4<span class=\"_ _1\"/>%)<span class=\"_ _d0\"> </span><span class=\"ls1fd ws20a\">7.<span class=\"_ _0\"/>8<span class=\"_ _4\"> </span>%<span class=\"_ _a0\"> </span></span>(11.6<span class=\"_ _1\"/>%)</span>Americas<span class=\"_ _238\"> </span><span class=\"ls2 ws2\">331,272<span class=\"_ _f3\"> </span>(38.7<span class=\"_ _0\"/>%)<span class=\"_ _175\"> </span>(16.3<span class=\"_ _0\"/>%)<span class=\"_ _17c\"> </span>11.<span class=\"_ _6\"/>1<span class=\"_ _1\"/>%<span class=\"_ _e3\"> </span>(9.8<span class=\"_ _0\"/>%)</span>A<span class=\"_ _1\"/>sia Pac<span class=\"_ _1\"/>ific<span class=\"_ _a4\"> </span><span class=\"ls2 ws2\">136,939<span class=\"_ _145\"> </span>(24.6<span class=\"_ _1\"/>%)<span class=\"_ _120\"> </span>(5.7<span class=\"_ _0\"/>%)<span class=\"_ _17c\"> </span>4.7<span class=\"_ _0\"/>%<span class=\"_ _9f\"> </span>(5.8<span class=\"_ _0\"/>%)</span>Middl<span class=\"_ _1\"/>e East &amp; India<span class=\"_ _1f8\"> </span>57<span class=\"_ _3\"/>,944<span class=\"_ _120\"> </span>(17<span class=\"_ _7\"/>.8<span class=\"_ _0\"/>%)<span class=\"_ _10b\"> </span>(3.6<span class=\"_ _1\"/>%)<span class=\"_ _39\"> </span>3<span class=\"_ _1\"/>.1<span class=\"_ _0\"/>%<span class=\"_ _39\"> </span><span class=\"ls1fd ws20a\">(<span class=\"_ _0\"/>7.<span class=\"_ _1\"/>4<span class=\"_ _4\"> </span>%<span class=\"_ _0\"/>)</span>To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1\"/> <span class=\"_ _1fd\"> </span><span class=\"ls2 ws2\">1,020,5<span class=\"_ _1\"/>61</span>T<span class=\"_ _6\"/>otal hea<span class=\"_ _1\"/>droom incre<span class=\"_ _1\"/>ased significa<span class=\"_ _1\"/>ntly from EU<span class=\"_ _1\"/>R 619 million in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1 to EUR 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>21 million in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2. T<span class=\"_ _1\"/>he changes be<span class=\"_ _1\"/>yond those in th<span class=\"_ _1\"/>e above tabl<span class=\"_ _1\"/>e to ass<span class=\"_ _6\"/>umptions used in t<span class=\"_ _1\"/>he goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt test would, in isolati<span class=\"_ _1\"/>on, lead to an imp<span class=\"_ _1\"/>airment loss be<span class=\"_ _1\"/>ing recognise<span class=\"_ _1\"/>d.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-109-11": {
   "value": "21<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls11c ws3e\">INT<span class=\"_ _7\"/>ANGIBLE<span class=\"_ _7\"/> ASSETS<span class=\"_ _6\"/> INCL<span class=\"_ _6\"/>UDING<span class=\"_ _7\"/> GOOD<span class=\"_ _6\"/>WILL</span>Fugro incur<span class=\"_ _1\"/>s explor<span class=\"_ _1\"/>ation and e<span class=\"_ _1\"/>valuation (<span class=\"_ _1\"/>E&amp;E<span class=\"_ _1\"/>) cost<span class=\"_ _1\"/>s in Australian are<span class=\"_ _1\"/>as of in<span class=\"_ _6\"/>terest in cooperation with Finder<span class=\"_ _6\"/> Explor<span class=\"_ _1\"/>ation Pt<span class=\"_ _1\"/>y Ltd (Fi<span class=\"_ _6\"/>nder),<span class=\"_ _6\"/> Theia Energy Pt<span class=\"_ _1\"/>y Ltd (<span class=\"_ _1\"/>Theia)<span class=\"_ _6\"/> and Finder re<span class=\"_ _1\"/>lated par<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>. These asset<span class=\"_ _1\"/>s are considered n<span class=\"_ _1\"/>on-core business. E&amp;<span class=\"_ _1\"/>E assets are classified as intan<span class=\"_ _1\"/>gible assets<span class=\"_ _1\"/>, as they t<span class=\"_ _1\"/>ypic<span class=\"_ _1\"/>ally relate to drilling per<span class=\"_ _1\"/>mits<span class=\"_ _1\"/>. E&amp;E exp<span class=\"_ _1\"/>enditure results in cer<span class=\"_ _1\"/>tain ite<span class=\"_ _1\"/>ms of expendit<span class=\"_ _1\"/>ure being cap<span class=\"_ _1\"/>italised for an ar<span class=\"_ _1\"/>ea of interest whe<span class=\"_ _1\"/>re it is considered likely to b<span class=\"_ _1\"/>e recover<span class=\"_ _1\"/>able. This p<span class=\"_ _1\"/>olic<span class=\"_ _1\"/>y requires manage<span class=\"_ _1\"/>ment to make cer<span class=\"_ _1\"/>tain estimates and assumptions as to futur<span class=\"_ _1\"/>e events and circumst<span class=\"_ _1\"/>ances, in particular whether an<span class=\"_ _6\"/> economically<span class=\"_ _6\"/> viable extrac<span class=\"_ _1\"/>tion operation can be establ<span class=\"_ _7\"/>ished by the par<span class=\"_ _1\"/>ti<span class=\"_ _1\"/>es involved. T<span class=\"_ _1\"/>hese estimates and assumptions inclu<span class=\"_ _1\"/>de the rele<span class=\"_ _1\"/>vant regulator<span class=\"_ _1\"/>y environm<span class=\"_ _1\"/>ent may change as new infor<span class=\"_ _1\"/>mation be<span class=\"_ _1\"/>comes available<span class=\"_ _1\"/>. A regular revi<span class=\"_ _1\"/>ew of each area of inter<span class=\"_ _1\"/>est is under<span class=\"_ _1\"/>taken to dete<span class=\"_ _1\"/>rmine the app<span class=\"_ _1\"/>ropriaten<span class=\"_ _1\"/>ess of continuing to carr<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ward costs in re<span class=\"_ _1\"/>lation to that area<span class=\"_ _1\"/>. Capit<span class=\"_ _1\"/>alised costs are onl<span class=\"_ _1\"/>y carrie<span class=\"_ _1\"/>d for<span class=\"_ _1\"/>ward to the ex<span class=\"_ _1\"/>tent that th<span class=\"_ _1\"/>ey are exp<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d to be re<span class=\"_ _1\"/>covered. A<span class=\"_ _1\"/>cc<span class=\"_ _6\"/>ordingly, E&amp;<span class=\"_ _1\"/>E assets are not amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d, but assessed fo<span class=\"_ _1\"/>r impairment indicat<span class=\"_ _1\"/>ions. If, af<span class=\"_ _1\"/>ter having capit<span class=\"_ _1\"/>alised the exp<span class=\"_ _1\"/>enditure under t<span class=\"_ _1\"/>he polic<span class=\"_ _1\"/>y, a judgem<span class=\"_ _1\"/>ent is made that recover<span class=\"_ _1\"/>y of th<span class=\"_ _1\"/>e expen<span class=\"_ _1\"/>diture is unlikely, the relev<span class=\"_ _1\"/>ant capitalise<span class=\"_ _1\"/>d amount will be wr<span class=\"_ _1\"/>itten of<span class=\"_ _1\"/>f to the st<span class=\"_ _1\"/>atement of comprehen<span class=\"_ _6\"/>sive<span class=\"_ _6\"/> income.Research<span class=\"_ _6\"/> expenditure on r<span class=\"_ _6\"/>esearch activities, undertaken with the pro<span class=\"_ _6\"/>spect of gaini<span class=\"_ _6\"/>ng new sci<span class=\"_ _1\"/>entific or te<span class=\"_ _1\"/>chnical kn<span class=\"_ _1\"/>owled<span class=\"_ _1\"/>ge and under<span class=\"_ _1\"/>standing<span class=\"_ _1\"/>, is recognised in pr<span class=\"_ _1\"/>ofit or loss as incurre<span class=\"_ _1\"/>d. Devel<span class=\"_ _1\"/>opment ac<span class=\"_ _1\"/>tivit<span class=\"_ _1\"/>ies involve a plan or design f<span class=\"_ _1\"/>or the pro<span class=\"_ _1\"/>duct<span class=\"_ _1\"/>ion of new or substantially improve<span class=\"_ _1\"/>d produc<span class=\"_ _1\"/>ts an<span class=\"_ _1\"/>d processes. D<span class=\"_ _1\"/>evelop<span class=\"_ _1\"/>ment exp<span class=\"_ _1\"/>enditure is capit<span class=\"_ _1\"/>alised only if deve<span class=\"_ _1\"/>lopment cost<span class=\"_ _1\"/>s can be measured r<span class=\"_ _1\"/>eliably, the pro<span class=\"_ _1\"/>duct or p<span class=\"_ _1\"/>rocess is technically and c<span class=\"_ _6\"/>ommercial<span class=\"_ _6\"/>ly feas<span class=\"_ _6\"/>ible, future<span class=\"_ _6\"/> economic benefits are probable, a<span class=\"_ _6\"/>nd the Group intends to and has suff<span class=\"_ _1\"/>icient resources to comple<span class=\"_ _1\"/>te developm<span class=\"_ _1\"/>ent and to use or sell the asset. T<span class=\"_ _1\"/>he capitalise<span class=\"_ _1\"/>d expen<span class=\"_ _1\"/>diture includes th<span class=\"_ _1\"/>e cost of materials, direc<span class=\"_ _1\"/>t labour, overhe<span class=\"_ _1\"/>ad costs that are dire<span class=\"_ _1\"/>ctl<span class=\"_ _1\"/>y attr<span class=\"_ _1\"/>ibutable to p<span class=\"_ _1\"/>reparing th<span class=\"_ _1\"/>e asset for its intend<span class=\"_ _1\"/>ed use, and capitali<span class=\"_ _6\"/>sed borrowing co<span class=\"_ _6\"/>sts. Oth<span class=\"_ _1\"/>er dev<span class=\"_ _6\"/>elopment expenditu<span class=\"_ _6\"/>re is r<span class=\"_ _6\"/>ecognised i<span class=\"_ _6\"/>n profit or<span class=\"_ _6\"/> loss as incurre<span class=\"_ _1\"/>d. Capit<span class=\"_ _1\"/>alised develo<span class=\"_ _1\"/>pment exp<span class=\"_ _1\"/>enditure is measured at cost less accumulated amor<span class=\"_ _1\"/>tisati<span class=\"_ _1\"/>on and accumulated impairm<span class=\"_ _1\"/>ent losses.Sof<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ware and oth<span class=\"_ _1\"/>er intangible asset<span class=\"_ _1\"/>s acquired or deve<span class=\"_ _1\"/>loped b<span class=\"_ _1\"/>y the Gro<span class=\"_ _1\"/>up and that have finite usef<span class=\"_ _1\"/>ul lives are measured at cost less accumulated amor<span class=\"_ _1\"/>t<span class=\"_ _1\"/>isation and accumulated impair<span class=\"_ _1\"/>ment losse<span class=\"_ _1\"/>s.Subseque<span class=\"_ _1\"/>nt expendit<span class=\"_ _1\"/>ure on capitalise<span class=\"_ _1\"/>d intangible asset<span class=\"_ _1\"/>s is capitalised onl<span class=\"_ _1\"/>y when it increases th<span class=\"_ _1\"/>e future econ<span class=\"_ _1\"/>omic ben<span class=\"_ _1\"/>efit<span class=\"_ _1\"/>s embodie<span class=\"_ _1\"/>d in the spe<span class=\"_ _1\"/>cific asset to whic<span class=\"_ _1\"/>h it relates<span class=\"_ _1\"/>. All other e<span class=\"_ _1\"/>xpendit<span class=\"_ _1\"/>ure, including ex<span class=\"_ _1\"/>penditure o<span class=\"_ _1\"/>n internally gen<span class=\"_ _1\"/>erated g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill and br<span class=\"_ _1\"/>ands, is recogn<span class=\"_ _1\"/>ised in profit o<span class=\"_ _1\"/>r loss as incurred.Amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation is based on t<span class=\"_ _1\"/>he cost of an asset less its residual v<span class=\"_ _1\"/>alue. Am<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tisation is recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss on a straig<span class=\"_ _1\"/>ht<span class=\"_ _7\"/>-line basis over the es<span class=\"_ _1\"/>timated useful lives of intangible asset<span class=\"_ _1\"/>s unless such lives are indef<span class=\"_ _1\"/>inite. Go<span class=\"_ _1\"/>odwill and intan<span class=\"_ _1\"/>gible assets wit<span class=\"_ _1\"/>h an indef<span class=\"_ _1\"/>inite life are annually tested fo<span class=\"_ _1\"/>r impairment or wh<span class=\"_ _1\"/>en there is an indic<span class=\"_ _1\"/>ation for impairme<span class=\"_ _1\"/>nt. Ot<span class=\"_ _1\"/>her intangible asset<span class=\"_ _1\"/>s and sof<span class=\"_ _1\"/>tw<span class=\"_ _1\"/>are are amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d from th<span class=\"_ _1\"/>e date they are available fo<span class=\"_ _1\"/>r their intende<span class=\"_ _1\"/>d use. The es<span class=\"_ _1\"/>timated useful life of sof<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ware and ot<span class=\"_ _1\"/>her capit<span class=\"_ _1\"/>alised develop<span class=\"_ _1\"/>ment costs is, in g<span class=\"_ _1\"/>eneral<span class=\"_ _1\"/>, five ye<span class=\"_ _1\"/>ars. A<span class=\"_ _1\"/>mor<span class=\"_ _1\"/>tisation m<span class=\"_ _1\"/>ethods<span class=\"_ _1\"/>, useful lives and residual v<span class=\"_ _1\"/>alues are revi<span class=\"_ _1\"/>ewed at eac<span class=\"_ _1\"/>h repor<span class=\"_ _1\"/>ting date an<span class=\"_ _1\"/>d adjusted if appropriate.For g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill, and intangible asset<span class=\"_ _1\"/>s that have indef<span class=\"_ _1\"/>inite useful lives or that are not yet available fo<span class=\"_ _1\"/>r use, the re<span class=\"_ _1\"/>coverable am<span class=\"_ _1\"/>ount is estimated each year at t<span class=\"_ _1\"/>he same time<span class=\"_ _1\"/>. An impair<span class=\"_ _1\"/>ment loss is recognise<span class=\"_ _1\"/>d if the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of an asset or its r<span class=\"_ _1\"/>elated cash-gene<span class=\"_ _1\"/>rating unit excee<span class=\"_ _1\"/>ds its estimate<span class=\"_ _1\"/>d recovera<span class=\"_ _1\"/>ble amount. I<span class=\"_ _1\"/>mpairment losses ar<span class=\"_ _1\"/>e recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss. Impairm<span class=\"_ _1\"/>ent losses recognise<span class=\"_ _1\"/>d in respec<span class=\"_ _1\"/>t of cash-gene<span class=\"_ _1\"/>rating units are all<span class=\"_ _1\"/>ocated f<span class=\"_ _1\"/>irst to re<span class=\"_ _1\"/>duce the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of any goo<span class=\"_ _1\"/>dwill alloc<span class=\"_ _1\"/>ated to the cash-gene<span class=\"_ _1\"/>rating unit (or group of cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) and t<span class=\"_ _1\"/>hen to redu<span class=\"_ _1\"/>ce the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the oth<span class=\"_ _1\"/>er assets in the c<span class=\"_ _1\"/>ash-gener<span class=\"_ _1\"/>ating unit (<span class=\"_ _6\"/>or group of cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) on a p<span class=\"_ _1\"/>ro rata b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s.Subjec<span class=\"_ _1\"/>t to an ope<span class=\"_ _1\"/>rating se<span class=\"_ _1\"/>gment ceiling test, f<span class=\"_ _1\"/>or the pur<span class=\"_ _1\"/>poses of goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt testing<span class=\"_ _1\"/>, C<span class=\"_ _6\"/>GUs to which g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill has been allo<span class=\"_ _1\"/>cated, are a<span class=\"_ _1\"/>ggregate<span class=\"_ _1\"/>d so that the leve<span class=\"_ _1\"/>l at which impair<span class=\"_ _1\"/>ment testing is per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>med ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ts t<span class=\"_ _1\"/>he lowest l<span class=\"_ _1\"/>evel at which go<span class=\"_ _1\"/>odwill is monitored for i<span class=\"_ _6\"/>nterna<span class=\"_ _6\"/>l repor<span class=\"_ _1\"/>ting pu<span class=\"_ _7\"/>r<span class=\"_ _1\"/>poses.An impair<span class=\"_ _1\"/>ment loss in respe<span class=\"_ _1\"/>ct of go<span class=\"_ _1\"/>odwill is not rever<span class=\"_ _1\"/>sed. I<span class=\"_ _1\"/>n respec<span class=\"_ _1\"/>t of other asset<span class=\"_ _1\"/>s, impairme<span class=\"_ _1\"/>nt losses recognised in p<span class=\"_ _1\"/>rior pe<span class=\"_ _1\"/>riods are re<span class=\"_ _1\"/>viewe<span class=\"_ _1\"/>d at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date for any indicatio<span class=\"_ _1\"/>ns that the loss has decr<span class=\"_ _1\"/>eased or no lo<span class=\"_ _1\"/>nger exist<span class=\"_ _1\"/>s. F<span class=\"_ _1\"/>or these oth<span class=\"_ _1\"/>er assets<span class=\"_ _1\"/>, an <span class=\"_ _8\"/> impairme<span class=\"_ _1\"/>nt loss is reversed if t<span class=\"_ _1\"/>here has be<span class=\"_ _1\"/>en a change in the es<span class=\"_ _1\"/>timates used to determ<span class=\"_ _1\"/>ine the recover<span class=\"_ _1\"/>able amo<span class=\"_ _1\"/>unt. An impair<span class=\"_ _1\"/>ment loss is revers<span class=\"_ _1\"/>ed only to th<span class=\"_ _1\"/>e exte<span class=\"_ _1\"/>nt that the asset<span class=\"_ _1\"/>\u2019s carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount does n<span class=\"_ _1\"/>ot exceed the c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying am<span class=\"_ _1\"/>ount that would have been determined, net of depr<span class=\"_ _6\"/>eciation or amortisation, if<span class=\"_ _6\"/> no impa<span class=\"_ _6\"/>irment lo<span class=\"_ _6\"/>ss had<span class=\"_ _6\"/> been rec<span class=\"_ _6\"/>ogn<span class=\"_ _6\"/>is<span class=\"_ _7\"/>ed.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _22c\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _22d\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>E&amp;<span class=\"_ _1\"/>E (<span class=\"_ _1\"/>Fin<span class=\"_ _1\"/>de<span class=\"_ _1\"/>r/E&amp;<span class=\"_ _1\"/>E (<span class=\"_ _1\"/>Fin<span class=\"_ _1\"/>de<span class=\"_ _1\"/>r/Good<span class=\"_ _1\"/>will Th<span class=\"_ _1\"/>ei<span class=\"_ _1\"/>a) <span class=\"_ _36\"> </span><span class=\"ls2 ws2\">S<span class=\"_ _1\"/>of<span class=\"_ _1\"/>t<span class=\"_ _1\"/>war<span class=\"_ _1\"/>e <span class=\"_ _22\"> </span>Oth<span class=\"_ _1\"/>er <span class=\"_ _87\"> </span><span class=\"ls1b5 ws1b9\">Total<span class=\"_ _111\"> </span><span class=\"ls19e ws19e\">Go<span class=\"_ _1\"/>odwill </span></span></span>Th<span class=\"_ _1\"/>ei<span class=\"_ _1\"/>a) <span class=\"_ _36\"> </span><span class=\"ls2 ws2\">S<span class=\"_ _1\"/>of<span class=\"_ _1\"/>t<span class=\"_ _1\"/>war<span class=\"_ _1\"/>e <span class=\"_ _22\"> </span>Oth<span class=\"_ _1\"/>er <span class=\"_ _87\"> </span><span class=\"ls1b5 ws1b9\">Total</span></span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y Cost<span class=\"_ _22e\"> </span>587<span class=\"_ _7\"/>,<span class=\"_ _6\"/>188<span class=\"_ _65\"> </span>38,459<span class=\"_ _21\"> </span>17<span class=\"_ _7\"/>,0<span class=\"_ _1\"/>07<span class=\"_ _65\"> </span>25,964<span class=\"_ _17b\"> </span>668,618<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">560,467<span class=\"_ _6e\"> </span>3<span class=\"_ _1\"/>5,621<span class=\"_ _6e\"> </span>22,514<span class=\"_ _22\"> </span>31,874<span class=\"_ _39\"> </span>65<span class=\"_ _1\"/>0,47<span class=\"_ _6\"/>6</span>Accumulated amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation and impairm<span class=\"_ _1\"/>ent<span class=\"_ _4b\"> </span>(317<span class=\"_ _7\"/>,672)<span class=\"_ _d0\"> </span>(20,766)<span class=\"_ _2b\"> </span>(1<span class=\"_ _1\"/>6,909)<span class=\"_ _d0\"> </span>(2<span class=\"_ _1\"/>3,432)<span class=\"_ _10b\"> </span>(378,7<span class=\"_ _1\"/>79)<span class=\"_ _36\"> </span><span class=\"ff8 fc14\">(302,818)<span class=\"_ _86\"> </span>(18,467)<span class=\"_ _d0\"> </span>(22,237<span class=\"_ _1\"/>)<span class=\"_ _9f\"> </span>(29,663)<span class=\"_ _e5\"> </span>(373,185)</span>Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _128\"> </span>26<span class=\"_ _6\"/>9,516<span class=\"_ _24\"> </span>17<span class=\"_ _7\"/>,693<span class=\"_ _22f\"> </span>98<span class=\"_ _5d\"> </span>2,532<span class=\"_ _d0\"> </span>289,839<span class=\"_ _86\"> </span><span class=\"fc14\">25<span class=\"_ _1\"/>7<span class=\"_ _7\"/>,649<span class=\"_ _61\"> </span>17<span class=\"_ _7\"/>,154<span class=\"_ _b1\"> </span><span class=\"ls43 ws4b\">277<span class=\"_ _60\"> </span></span>2,<span class=\"_ _1\"/>211<span class=\"_ _f2\"> </span><span class=\"ls43 ws4b\">27<span class=\"_ _1\"/>7<span class=\"_ _3\"/>,291</span></span>Change in c<span class=\"_ _6\"/>arr<span class=\"_ _1\"/>ying amount:Purc<span class=\"_ _1\"/>hase of intangib<span class=\"_ _1\"/>le asset<span class=\"_ _1\"/>s-<span class=\"_ _e3\"> </span>-927<span class=\"_ _b2\"> </span><span class=\"ls1f1 ws1f5\">305<span class=\"_ _89\"> </span></span>1,2<span class=\"_ _1\"/>32-<span class=\"_ _e3\"> </span>-22<span class=\"_ _df\"> </span><span class=\"ls87 ws3b\">69<span class=\"_ _1\"/>6<span class=\"_ _e\"> </span></span>7<span class=\"_ _1\"/>18Other additions-1,245-<span class=\"_ _e3\"> </span>-1,245-1,648-<span class=\"_ _e3\"> </span>-1,648Amor<span class=\"_ _1\"/>tisation-<span class=\"_ _e3\"> </span>-(123)<span class=\"_ _60\"> </span>(412)<span class=\"_ _87\"> </span>(535)-<span class=\"_ _e3\"> </span>-(90)<span class=\"_ _70\"> </span><span class=\"ls87 ws3b\">(4<span class=\"_ _1\"/>67<span class=\"_ _1\"/>)<span class=\"_ _87\"> </span></span>(55<span class=\"_ _1\"/>7)Impairme<span class=\"_ _1\"/>nt-(1,252)-<span class=\"_ _e3\"> </span>-(1,252)-(1,662)-<span class=\"_ _e3\"> </span>-(1,662)Disp<span class=\"_ _1\"/>osals-(70<span class=\"_ _1\"/>0)-(2)<span class=\"_ _87\"> </span>(<span class=\"_ _1\"/>702)-<span class=\"_ _e3\"> </span>-(120)<span class=\"_ _1b\"> </span>(9)<span class=\"_ _6b\"> </span>(129)Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of movement<span class=\"_ _1\"/>s in foreign exchang<span class=\"_ _1\"/>e rates<span class=\"_ _1b7\"> </span>2,962<span class=\"_ _fc\"> </span>21<span class=\"_ _ed\"> </span><span class=\"ls43 ws4b\">(27)<span class=\"_ _d2\"> </span></span>(34)<span class=\"_ _22\"> </span>2,922<span class=\"_ _20\"> </span><span class=\"ff8 fc14\">11,867<span class=\"_ _b2\"> </span><span class=\"ls43 ws4b\">553<span class=\"_ _99\"> </span></span>9<span class=\"_ _1b\"> </span>101<span class=\"_ _5f\"> </span>12,530</span>T<span class=\"_ _7\"/>otal changes<span class=\"_ _230\"> </span>2,962<span class=\"_ _6b\"> </span>(6<span class=\"_ _1\"/>86)<span class=\"_ _1a\"> </span><span class=\"ls161 ws16e\">777<span class=\"_ _1a\"> </span></span>(143)<span class=\"_ _24\"> </span>2,910<span class=\"_ _21\"> </span><span class=\"fc14\">11,867<span class=\"_ _231\"> </span>539<span class=\"_ _8e\"> </span>(17<span class=\"_ _1\"/>9)<span class=\"_ _ae\"> </span>321<span class=\"_ _84\"> </span>12,54<span class=\"_ _1\"/>8</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er Cost<span class=\"_ _232\"> </span>595,172<span class=\"_ _5f\"> </span>38,<span class=\"_ _6\"/>198<span class=\"_ _5d\"> </span>9,663<span class=\"_ _84\"> </span>12,04<span class=\"_ _1\"/>8<span class=\"_ _fa\"> </span>65<span class=\"_ _1\"/>5,081<span class=\"_ _b3\"> </span><span class=\"ff8 fc14\">5<span class=\"_ _1\"/>87<span class=\"_ _3\"/>,188<span class=\"_ _9b\"> </span>38,459<span class=\"_ _21\"> </span>17<span class=\"_ _7\"/>,007<span class=\"_ _65\"> </span>25,964<span class=\"_ _f9\"> </span>668,618</span>Accumulated amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation and impairm<span class=\"_ _1\"/>ent<span class=\"_ _1d3\"> </span>(322,694)<span class=\"_ _9b\"> </span>(21,<span class=\"_ _6\"/>191)<span class=\"_ _6f\"> </span>(8,788)<span class=\"_ _6f\"> </span>(9,659)<span class=\"_ _12\"> </span>(362,332)<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">(317<span class=\"_ _7\"/>,672)<span class=\"_ _17c\"> </span>(20,766)<span class=\"_ _2b\"> </span>(16,90<span class=\"_ _1\"/>9)<span class=\"_ _17c\"> </span>(2<span class=\"_ _1\"/>3,<span class=\"_ _6\"/>432)<span class=\"_ _36\"> </span>(378,7<span class=\"_ _1\"/>79)</span>Carr<span class=\"_ _1\"/>ying amount<span class=\"_ _233\"> </span>272,478<span class=\"_ _24\"> </span>17<span class=\"_ _7\"/>,007<span class=\"_ _b2\"> </span>875<span class=\"_ _61\"> </span>2,389<span class=\"_ _86\"> </span>292,749<span class=\"_ _17b\"> </span><span class=\"fc14\">269,516<span class=\"_ _22\"> </span>17<span class=\"_ _7\"/>,693<span class=\"_ _22f\"> </span>98<span class=\"_ _73\"> </span>2,532<span class=\"_ _d0\"> </span>289,839</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-109-15": {
   "value": "21<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls11c ws3e\">INT<span class=\"_ _7\"/>ANGIBLE<span class=\"_ _7\"/> ASSETS<span class=\"_ _6\"/> INCL<span class=\"_ _6\"/>UDING<span class=\"_ _7\"/> GOOD<span class=\"_ _6\"/>WILL</span>Go<span class=\"_ _1\"/>odwill that arises up<span class=\"_ _1\"/>on the acquisition of subsidiaries is pr<span class=\"_ _1\"/>esented with intan<span class=\"_ _1\"/>gible assets<span class=\"_ _1\"/>. For th<span class=\"_ _1\"/>e measurement of go<span class=\"_ _1\"/>odwill at initial re<span class=\"_ _1\"/>cognition<span class=\"_ _1\"/>, goo<span class=\"_ _1\"/>dwill is measured at cost less accumulated impairme<span class=\"_ _1\"/>nt losses. Go<span class=\"_ _1\"/>odwill is allo<span class=\"_ _1\"/>cated to cash gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s and is not amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d but is tested for imp<span class=\"_ _1\"/>airment annually and wh<span class=\"_ _1\"/>en there is an indicatio<span class=\"_ _1\"/>n for impairme<span class=\"_ _1\"/>nt. The m<span class=\"_ _1\"/>easurement date of the annual go<span class=\"_ _1\"/>odwill impairm<span class=\"_ _1\"/>ent test is 3<span class=\"_ _1\"/>0 Septemb<span class=\"_ _1\"/>er<span class=\"_ _7\"/>. I<span class=\"_ _1\"/>n respec<span class=\"_ _1\"/>t of equit<span class=\"_ _1\"/>y-acc<span class=\"_ _6\"/>ounted investe<span class=\"_ _1\"/>es, the c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt of goo<span class=\"_ _1\"/>dwill is included in t<span class=\"_ _1\"/>he carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the investme<span class=\"_ _1\"/>nt, and any impair<span class=\"_ _1\"/>ment loss is allocate<span class=\"_ _1\"/>d to the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the e<span class=\"_ _1\"/>quity-accounted investee as a wh<span class=\"_ _1\"/>ole.Fugro incur<span class=\"_ _1\"/>s explor<span class=\"_ _1\"/>ation and e<span class=\"_ _1\"/>valuation (<span class=\"_ _1\"/>E&amp;E<span class=\"_ _1\"/>) cost<span class=\"_ _1\"/>s in Australian are<span class=\"_ _1\"/>as of in<span class=\"_ _6\"/>terest in cooperation with Finder<span class=\"_ _6\"/> Explor<span class=\"_ _1\"/>ation Pt<span class=\"_ _1\"/>y Ltd (Fi<span class=\"_ _6\"/>nder),<span class=\"_ _6\"/> Theia Energy Pt<span class=\"_ _1\"/>y Ltd (<span class=\"_ _1\"/>Theia)<span class=\"_ _6\"/> and Finder re<span class=\"_ _1\"/>lated par<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>. These asset<span class=\"_ _1\"/>s are considered n<span class=\"_ _1\"/>on-core business. E&amp;<span class=\"_ _1\"/>E assets are classified as intan<span class=\"_ _1\"/>gible assets<span class=\"_ _1\"/>, as they t<span class=\"_ _1\"/>ypic<span class=\"_ _1\"/>ally relate to drilling per<span class=\"_ _1\"/>mits<span class=\"_ _1\"/>. E&amp;E exp<span class=\"_ _1\"/>enditure results in cer<span class=\"_ _1\"/>tain ite<span class=\"_ _1\"/>ms of expendit<span class=\"_ _1\"/>ure being cap<span class=\"_ _1\"/>italised for an ar<span class=\"_ _1\"/>ea of interest whe<span class=\"_ _1\"/>re it is considered likely to b<span class=\"_ _1\"/>e recover<span class=\"_ _1\"/>able. This p<span class=\"_ _1\"/>olic<span class=\"_ _1\"/>y requires manage<span class=\"_ _1\"/>ment to make cer<span class=\"_ _1\"/>tain estimates and assumptions as to futur<span class=\"_ _1\"/>e events and circumst<span class=\"_ _1\"/>ances, in particular whether an<span class=\"_ _6\"/> economically<span class=\"_ _6\"/> viable extrac<span class=\"_ _1\"/>tion operation can be establ<span class=\"_ _7\"/>ished by the par<span class=\"_ _1\"/>ti<span class=\"_ _1\"/>es involved. T<span class=\"_ _1\"/>hese estimates and assumptions inclu<span class=\"_ _1\"/>de the rele<span class=\"_ _1\"/>vant regulator<span class=\"_ _1\"/>y environm<span class=\"_ _1\"/>ent may change as new infor<span class=\"_ _1\"/>mation be<span class=\"_ _1\"/>comes available<span class=\"_ _1\"/>. A regular revi<span class=\"_ _1\"/>ew of each area of inter<span class=\"_ _1\"/>est is under<span class=\"_ _1\"/>taken to dete<span class=\"_ _1\"/>rmine the app<span class=\"_ _1\"/>ropriaten<span class=\"_ _1\"/>ess of continuing to carr<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ward costs in re<span class=\"_ _1\"/>lation to that area<span class=\"_ _1\"/>. Capit<span class=\"_ _1\"/>alised costs are onl<span class=\"_ _1\"/>y carrie<span class=\"_ _1\"/>d for<span class=\"_ _1\"/>ward to the ex<span class=\"_ _1\"/>tent that th<span class=\"_ _1\"/>ey are exp<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d to be re<span class=\"_ _1\"/>covered. A<span class=\"_ _1\"/>cc<span class=\"_ _6\"/>ordingly, E&amp;<span class=\"_ _1\"/>E assets are not amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d, but assessed fo<span class=\"_ _1\"/>r impairment indicat<span class=\"_ _1\"/>ions. If, af<span class=\"_ _1\"/>ter having capit<span class=\"_ _1\"/>alised the exp<span class=\"_ _1\"/>enditure under t<span class=\"_ _1\"/>he polic<span class=\"_ _1\"/>y, a judgem<span class=\"_ _1\"/>ent is made that recover<span class=\"_ _1\"/>y of th<span class=\"_ _1\"/>e expen<span class=\"_ _1\"/>diture is unlikely, the relev<span class=\"_ _1\"/>ant capitalise<span class=\"_ _1\"/>d amount will be wr<span class=\"_ _1\"/>itten of<span class=\"_ _1\"/>f to the st<span class=\"_ _1\"/>atement of comprehen<span class=\"_ _6\"/>sive<span class=\"_ _6\"/> income.Research<span class=\"_ _6\"/> expenditure on r<span class=\"_ _6\"/>esearch activities, undertaken with the pro<span class=\"_ _6\"/>spect of gaini<span class=\"_ _6\"/>ng new sci<span class=\"_ _1\"/>entific or te<span class=\"_ _1\"/>chnical kn<span class=\"_ _1\"/>owled<span class=\"_ _1\"/>ge and under<span class=\"_ _1\"/>standing<span class=\"_ _1\"/>, is recognised in pr<span class=\"_ _1\"/>ofit or loss as incurre<span class=\"_ _1\"/>d. Devel<span class=\"_ _1\"/>opment ac<span class=\"_ _1\"/>tivit<span class=\"_ _1\"/>ies involve a plan or design f<span class=\"_ _1\"/>or the pro<span class=\"_ _1\"/>duct<span class=\"_ _1\"/>ion of new or substantially improve<span class=\"_ _1\"/>d produc<span class=\"_ _1\"/>ts an<span class=\"_ _1\"/>d processes. D<span class=\"_ _1\"/>evelop<span class=\"_ _1\"/>ment exp<span class=\"_ _1\"/>enditure is capit<span class=\"_ _1\"/>alised only if deve<span class=\"_ _1\"/>lopment cost<span class=\"_ _1\"/>s can be measured r<span class=\"_ _1\"/>eliably, the pro<span class=\"_ _1\"/>duct or p<span class=\"_ _1\"/>rocess is technically and c<span class=\"_ _6\"/>ommercial<span class=\"_ _6\"/>ly feas<span class=\"_ _6\"/>ible, future<span class=\"_ _6\"/> economic benefits are probable, a<span class=\"_ _6\"/>nd the Group intends to and has suff<span class=\"_ _1\"/>icient resources to comple<span class=\"_ _1\"/>te developm<span class=\"_ _1\"/>ent and to use or sell the asset. T<span class=\"_ _1\"/>he capitalise<span class=\"_ _1\"/>d expen<span class=\"_ _1\"/>diture includes th<span class=\"_ _1\"/>e cost of materials, direc<span class=\"_ _1\"/>t labour, overhe<span class=\"_ _1\"/>ad costs that are dire<span class=\"_ _1\"/>ctl<span class=\"_ _1\"/>y attr<span class=\"_ _1\"/>ibutable to p<span class=\"_ _1\"/>reparing th<span class=\"_ _1\"/>e asset for its intend<span class=\"_ _1\"/>ed use, and capitali<span class=\"_ _6\"/>sed borrowing co<span class=\"_ _6\"/>sts. Oth<span class=\"_ _1\"/>er dev<span class=\"_ _6\"/>elopment expenditu<span class=\"_ _6\"/>re is r<span class=\"_ _6\"/>ecognised i<span class=\"_ _6\"/>n profit or<span class=\"_ _6\"/> loss as incurre<span class=\"_ _1\"/>d. Capit<span class=\"_ _1\"/>alised develo<span class=\"_ _1\"/>pment exp<span class=\"_ _1\"/>enditure is measured at cost less accumulated amor<span class=\"_ _1\"/>tisati<span class=\"_ _1\"/>on and accumulated impairm<span class=\"_ _1\"/>ent losses.Sof<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ware and oth<span class=\"_ _1\"/>er intangible asset<span class=\"_ _1\"/>s acquired or deve<span class=\"_ _1\"/>loped b<span class=\"_ _1\"/>y the Gro<span class=\"_ _1\"/>up and that have finite usef<span class=\"_ _1\"/>ul lives are measured at cost less accumulated amor<span class=\"_ _1\"/>t<span class=\"_ _1\"/>isation and accumulated impair<span class=\"_ _1\"/>ment losse<span class=\"_ _1\"/>s.Subseque<span class=\"_ _1\"/>nt expendit<span class=\"_ _1\"/>ure on capitalise<span class=\"_ _1\"/>d intangible asset<span class=\"_ _1\"/>s is capitalised onl<span class=\"_ _1\"/>y when it increases th<span class=\"_ _1\"/>e future econ<span class=\"_ _1\"/>omic ben<span class=\"_ _1\"/>efit<span class=\"_ _1\"/>s embodie<span class=\"_ _1\"/>d in the spe<span class=\"_ _1\"/>cific asset to whic<span class=\"_ _1\"/>h it relates<span class=\"_ _1\"/>. All other e<span class=\"_ _1\"/>xpendit<span class=\"_ _1\"/>ure, including ex<span class=\"_ _1\"/>penditure o<span class=\"_ _1\"/>n internally gen<span class=\"_ _1\"/>erated g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill and br<span class=\"_ _1\"/>ands, is recogn<span class=\"_ _1\"/>ised in profit o<span class=\"_ _1\"/>r loss as incurred.Amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation is based on t<span class=\"_ _1\"/>he cost of an asset less its residual v<span class=\"_ _1\"/>alue. Am<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tisation is recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss on a straig<span class=\"_ _1\"/>ht<span class=\"_ _7\"/>-line basis over the es<span class=\"_ _1\"/>timated useful lives of intangible asset<span class=\"_ _1\"/>s unless such lives are indef<span class=\"_ _1\"/>inite. Go<span class=\"_ _1\"/>odwill and intan<span class=\"_ _1\"/>gible assets wit<span class=\"_ _1\"/>h an indef<span class=\"_ _1\"/>inite life are annually tested fo<span class=\"_ _1\"/>r impairment or wh<span class=\"_ _1\"/>en there is an indic<span class=\"_ _1\"/>ation for impairme<span class=\"_ _1\"/>nt. Ot<span class=\"_ _1\"/>her intangible asset<span class=\"_ _1\"/>s and sof<span class=\"_ _1\"/>tw<span class=\"_ _1\"/>are are amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d from th<span class=\"_ _1\"/>e date they are available fo<span class=\"_ _1\"/>r their intende<span class=\"_ _1\"/>d use. The es<span class=\"_ _1\"/>timated useful life of sof<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ware and ot<span class=\"_ _1\"/>her capit<span class=\"_ _1\"/>alised develop<span class=\"_ _1\"/>ment costs is, in g<span class=\"_ _1\"/>eneral<span class=\"_ _1\"/>, five ye<span class=\"_ _1\"/>ars. A<span class=\"_ _1\"/>mor<span class=\"_ _1\"/>tisation m<span class=\"_ _1\"/>ethods<span class=\"_ _1\"/>, useful lives and residual v<span class=\"_ _1\"/>alues are revi<span class=\"_ _1\"/>ewed at eac<span class=\"_ _1\"/>h repor<span class=\"_ _1\"/>ting date an<span class=\"_ _1\"/>d adjusted if appropriate.For g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill, and intangible asset<span class=\"_ _1\"/>s that have indef<span class=\"_ _1\"/>inite useful lives or that are not yet available fo<span class=\"_ _1\"/>r use, the re<span class=\"_ _1\"/>coverable am<span class=\"_ _1\"/>ount is estimated each year at t<span class=\"_ _1\"/>he same time<span class=\"_ _1\"/>. An impair<span class=\"_ _1\"/>ment loss is recognise<span class=\"_ _1\"/>d if the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of an asset or its r<span class=\"_ _1\"/>elated cash-gene<span class=\"_ _1\"/>rating unit excee<span class=\"_ _1\"/>ds its estimate<span class=\"_ _1\"/>d recovera<span class=\"_ _1\"/>ble amount. I<span class=\"_ _1\"/>mpairment losses ar<span class=\"_ _1\"/>e recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss. Impairm<span class=\"_ _1\"/>ent losses recognise<span class=\"_ _1\"/>d in respec<span class=\"_ _1\"/>t of cash-gene<span class=\"_ _1\"/>rating units are all<span class=\"_ _1\"/>ocated f<span class=\"_ _1\"/>irst to re<span class=\"_ _1\"/>duce the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of any goo<span class=\"_ _1\"/>dwill alloc<span class=\"_ _1\"/>ated to the cash-gene<span class=\"_ _1\"/>rating unit (or group of cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) and t<span class=\"_ _1\"/>hen to redu<span class=\"_ _1\"/>ce the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the oth<span class=\"_ _1\"/>er assets in the c<span class=\"_ _1\"/>ash-gener<span class=\"_ _1\"/>ating unit (<span class=\"_ _6\"/>or group of cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) on a p<span class=\"_ _1\"/>ro rata b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s.Subjec<span class=\"_ _1\"/>t to an ope<span class=\"_ _1\"/>rating se<span class=\"_ _1\"/>gment ceiling test, f<span class=\"_ _1\"/>or the pur<span class=\"_ _1\"/>poses of goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt testing<span class=\"_ _1\"/>, C<span class=\"_ _6\"/>GUs to which g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill has been allo<span class=\"_ _1\"/>cated, are a<span class=\"_ _1\"/>ggregate<span class=\"_ _1\"/>d so that the leve<span class=\"_ _1\"/>l at which impair<span class=\"_ _1\"/>ment testing is per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>med ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ts t<span class=\"_ _1\"/>he lowest l<span class=\"_ _1\"/>evel at which go<span class=\"_ _1\"/>odwill is monitored for i<span class=\"_ _6\"/>nterna<span class=\"_ _6\"/>l repor<span class=\"_ _1\"/>ting pu<span class=\"_ _7\"/>r<span class=\"_ _1\"/>poses.An impair<span class=\"_ _1\"/>ment loss in respe<span class=\"_ _1\"/>ct of go<span class=\"_ _1\"/>odwill is not rever<span class=\"_ _1\"/>sed. I<span class=\"_ _1\"/>n respec<span class=\"_ _1\"/>t of other asset<span class=\"_ _1\"/>s, impairme<span class=\"_ _1\"/>nt losses recognised in p<span class=\"_ _1\"/>rior pe<span class=\"_ _1\"/>riods are re<span class=\"_ _1\"/>viewe<span class=\"_ _1\"/>d at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date for any indicatio<span class=\"_ _1\"/>ns that the loss has decr<span class=\"_ _1\"/>eased or no lo<span class=\"_ _1\"/>nger exist<span class=\"_ _1\"/>s. F<span class=\"_ _1\"/>or these oth<span class=\"_ _1\"/>er assets<span class=\"_ _1\"/>, an <span class=\"_ _8\"/> impairme<span class=\"_ _1\"/>nt loss is reversed if t<span class=\"_ _1\"/>here has be<span class=\"_ _1\"/>en a change in the es<span class=\"_ _1\"/>timates used to determ<span class=\"_ _1\"/>ine the recover<span class=\"_ _1\"/>able amo<span class=\"_ _1\"/>unt. An impair<span class=\"_ _1\"/>ment loss is revers<span class=\"_ _1\"/>ed only to th<span class=\"_ _1\"/>e exte<span class=\"_ _1\"/>nt that the asset<span class=\"_ _1\"/>\u2019s carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount does n<span class=\"_ _1\"/>ot exceed the c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying am<span class=\"_ _1\"/>ount that would have been determined, net of depr<span class=\"_ _6\"/>eciation or amortisation, if<span class=\"_ _6\"/> no impa<span class=\"_ _6\"/>irment lo<span class=\"_ _6\"/>ss had<span class=\"_ _6\"/> been rec<span class=\"_ _6\"/>ogn<span class=\"_ _6\"/>is<span class=\"_ _7\"/>ed.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-109-16": {
   "value": "21<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls11c ws3e\">INT<span class=\"_ _7\"/>ANGIBLE<span class=\"_ _7\"/> ASSETS<span class=\"_ _6\"/> INCL<span class=\"_ _6\"/>UDING<span class=\"_ _7\"/> GOOD<span class=\"_ _6\"/>WILL</span>Fugro incur<span class=\"_ _1\"/>s explor<span class=\"_ _1\"/>ation and e<span class=\"_ _1\"/>valuation (<span class=\"_ _1\"/>E&amp;E<span class=\"_ _1\"/>) cost<span class=\"_ _1\"/>s in Australian are<span class=\"_ _1\"/>as of in<span class=\"_ _6\"/>terest in cooperation with Finder<span class=\"_ _6\"/> Explor<span class=\"_ _1\"/>ation Pt<span class=\"_ _1\"/>y Ltd (Fi<span class=\"_ _6\"/>nder),<span class=\"_ _6\"/> Theia Energy Pt<span class=\"_ _1\"/>y Ltd (<span class=\"_ _1\"/>Theia)<span class=\"_ _6\"/> and Finder re<span class=\"_ _1\"/>lated par<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>. These asset<span class=\"_ _1\"/>s are considered n<span class=\"_ _1\"/>on-core business. E&amp;<span class=\"_ _1\"/>E assets are classified as intan<span class=\"_ _1\"/>gible assets<span class=\"_ _1\"/>, as they t<span class=\"_ _1\"/>ypic<span class=\"_ _1\"/>ally relate to drilling per<span class=\"_ _1\"/>mits<span class=\"_ _1\"/>. E&amp;E exp<span class=\"_ _1\"/>enditure results in cer<span class=\"_ _1\"/>tain ite<span class=\"_ _1\"/>ms of expendit<span class=\"_ _1\"/>ure being cap<span class=\"_ _1\"/>italised for an ar<span class=\"_ _1\"/>ea of interest whe<span class=\"_ _1\"/>re it is considered likely to b<span class=\"_ _1\"/>e recover<span class=\"_ _1\"/>able. This p<span class=\"_ _1\"/>olic<span class=\"_ _1\"/>y requires manage<span class=\"_ _1\"/>ment to make cer<span class=\"_ _1\"/>tain estimates and assumptions as to futur<span class=\"_ _1\"/>e events and circumst<span class=\"_ _1\"/>ances, in particular whether an<span class=\"_ _6\"/> economically<span class=\"_ _6\"/> viable extrac<span class=\"_ _1\"/>tion operation can be establ<span class=\"_ _7\"/>ished by the par<span class=\"_ _1\"/>ti<span class=\"_ _1\"/>es involved. T<span class=\"_ _1\"/>hese estimates and assumptions inclu<span class=\"_ _1\"/>de the rele<span class=\"_ _1\"/>vant regulator<span class=\"_ _1\"/>y environm<span class=\"_ _1\"/>ent may change as new infor<span class=\"_ _1\"/>mation be<span class=\"_ _1\"/>comes available<span class=\"_ _1\"/>. A regular revi<span class=\"_ _1\"/>ew of each area of inter<span class=\"_ _1\"/>est is under<span class=\"_ _1\"/>taken to dete<span class=\"_ _1\"/>rmine the app<span class=\"_ _1\"/>ropriaten<span class=\"_ _1\"/>ess of continuing to carr<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ward costs in re<span class=\"_ _1\"/>lation to that area<span class=\"_ _1\"/>. Capit<span class=\"_ _1\"/>alised costs are onl<span class=\"_ _1\"/>y carrie<span class=\"_ _1\"/>d for<span class=\"_ _1\"/>ward to the ex<span class=\"_ _1\"/>tent that th<span class=\"_ _1\"/>ey are exp<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d to be re<span class=\"_ _1\"/>covered. A<span class=\"_ _1\"/>cc<span class=\"_ _6\"/>ordingly, E&amp;<span class=\"_ _1\"/>E assets are not amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d, but assessed fo<span class=\"_ _1\"/>r impairment indicat<span class=\"_ _1\"/>ions. If, af<span class=\"_ _1\"/>ter having capit<span class=\"_ _1\"/>alised the exp<span class=\"_ _1\"/>enditure under t<span class=\"_ _1\"/>he polic<span class=\"_ _1\"/>y, a judgem<span class=\"_ _1\"/>ent is made that recover<span class=\"_ _1\"/>y of th<span class=\"_ _1\"/>e expen<span class=\"_ _1\"/>diture is unlikely, the relev<span class=\"_ _1\"/>ant capitalise<span class=\"_ _1\"/>d amount will be wr<span class=\"_ _1\"/>itten of<span class=\"_ _1\"/>f to the st<span class=\"_ _1\"/>atement of comprehen<span class=\"_ _6\"/>sive<span class=\"_ _6\"/> income.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-109-17": {
   "value": "21.  INTANGIBLE ASSETS INCLUDING GOODWILLGoodwill that arises upon the acquisition of subsidiaries is presented with intangible assets. For the measurement of goodwill at initial recognition, goodwill is measured at cost less accumulated impairment losses. Goodwill is allocated to cash generating units and is not amortised but is tested for impairment annually and when there is an indication for impairment. The measurement date of the annual goodwill impairment test is 30 September. In respect of equity-accounted investees, the carrying amount of goodwill is included in the carrying amount of the investment, and any impairment loss is allocated to the carrying amount of the equity-accounted investee as a whole.For goodwill, and intangible assets that have indefinite useful lives or that are not yet available for use, the recoverable amount is estimated each year at the same time. An impairment loss is recognised if the carrying amount of an asset or its related cash-generating unit exceeds its estimated recoverable amount. Impairment losses are recognised in profit or loss. Impairment losses recognised in respect of cash-generating units are allocated first to reduce the carrying amount of any goodwill allocated to the cash-generating unit (or group of cash-generating units) and then to reduce the carrying amount of the other assets in the cash-generating unit (or group of cash-generating units) on a pro rata basis.Subject to an operating segment ceiling test, for the purposes of goodwill impairment testing, CGUs to which goodwill has been allocated, are aggregated so that the level at which impairment testing is performed reflects the lowest level at which goodwill is monitored for internal reporting purposes.An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognised in prior periods are reviewed at each reporting date for any indications that the loss has decreased or no longer exists. For these other assets, an  impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-109-18": {
   "value": "21<span class=\"_ _1\"/>. <span class=\"_ _1c4\"> </span><span class=\"ff5 fs6 ls11c ws3e\">INT<span class=\"_ _7\"/>ANGIBLE<span class=\"_ _7\"/> ASSETS<span class=\"_ _6\"/> INCL<span class=\"_ _6\"/>UDING<span class=\"_ _7\"/> GOOD<span class=\"_ _6\"/>WILL</span>Fugro incur<span class=\"_ _1\"/>s explor<span class=\"_ _1\"/>ation and e<span class=\"_ _1\"/>valuation (<span class=\"_ _1\"/>E&amp;E<span class=\"_ _1\"/>) cost<span class=\"_ _1\"/>s in Australian are<span class=\"_ _1\"/>as of in<span class=\"_ _6\"/>terest in cooperation with Finder<span class=\"_ _6\"/> Explor<span class=\"_ _1\"/>ation Pt<span class=\"_ _1\"/>y Ltd (Fi<span class=\"_ _6\"/>nder),<span class=\"_ _6\"/> Theia Energy Pt<span class=\"_ _1\"/>y Ltd (<span class=\"_ _1\"/>Theia)<span class=\"_ _6\"/> and Finder re<span class=\"_ _1\"/>lated par<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>. These asset<span class=\"_ _1\"/>s are considered n<span class=\"_ _1\"/>on-core business. E&amp;<span class=\"_ _1\"/>E assets are classified as intan<span class=\"_ _1\"/>gible assets<span class=\"_ _1\"/>, as they t<span class=\"_ _1\"/>ypic<span class=\"_ _1\"/>ally relate to drilling per<span class=\"_ _1\"/>mits<span class=\"_ _1\"/>. E&amp;E exp<span class=\"_ _1\"/>enditure results in cer<span class=\"_ _1\"/>tain ite<span class=\"_ _1\"/>ms of expendit<span class=\"_ _1\"/>ure being cap<span class=\"_ _1\"/>italised for an ar<span class=\"_ _1\"/>ea of interest whe<span class=\"_ _1\"/>re it is considered likely to b<span class=\"_ _1\"/>e recover<span class=\"_ _1\"/>able. This p<span class=\"_ _1\"/>olic<span class=\"_ _1\"/>y requires manage<span class=\"_ _1\"/>ment to make cer<span class=\"_ _1\"/>tain estimates and assumptions as to futur<span class=\"_ _1\"/>e events and circumst<span class=\"_ _1\"/>ances, in particular whether an<span class=\"_ _6\"/> economically<span class=\"_ _6\"/> viable extrac<span class=\"_ _1\"/>tion operation can be establ<span class=\"_ _7\"/>ished by the par<span class=\"_ _1\"/>ti<span class=\"_ _1\"/>es involved. T<span class=\"_ _1\"/>hese estimates and assumptions inclu<span class=\"_ _1\"/>de the rele<span class=\"_ _1\"/>vant regulator<span class=\"_ _1\"/>y environm<span class=\"_ _1\"/>ent may change as new infor<span class=\"_ _1\"/>mation be<span class=\"_ _1\"/>comes available<span class=\"_ _1\"/>. A regular revi<span class=\"_ _1\"/>ew of each area of inter<span class=\"_ _1\"/>est is under<span class=\"_ _1\"/>taken to dete<span class=\"_ _1\"/>rmine the app<span class=\"_ _1\"/>ropriaten<span class=\"_ _1\"/>ess of continuing to carr<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ward costs in re<span class=\"_ _1\"/>lation to that area<span class=\"_ _1\"/>. Capit<span class=\"_ _1\"/>alised costs are onl<span class=\"_ _1\"/>y carrie<span class=\"_ _1\"/>d for<span class=\"_ _1\"/>ward to the ex<span class=\"_ _1\"/>tent that th<span class=\"_ _1\"/>ey are exp<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d to be re<span class=\"_ _1\"/>covered. A<span class=\"_ _1\"/>cc<span class=\"_ _6\"/>ordingly, E&amp;<span class=\"_ _1\"/>E assets are not amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d, but assessed fo<span class=\"_ _1\"/>r impairment indicat<span class=\"_ _1\"/>ions. If, af<span class=\"_ _1\"/>ter having capit<span class=\"_ _1\"/>alised the exp<span class=\"_ _1\"/>enditure under t<span class=\"_ _1\"/>he polic<span class=\"_ _1\"/>y, a judgem<span class=\"_ _1\"/>ent is made that recover<span class=\"_ _1\"/>y of th<span class=\"_ _1\"/>e expen<span class=\"_ _1\"/>diture is unlikely, the relev<span class=\"_ _1\"/>ant capitalise<span class=\"_ _1\"/>d amount will be wr<span class=\"_ _1\"/>itten of<span class=\"_ _1\"/>f to the st<span class=\"_ _1\"/>atement of comprehen<span class=\"_ _6\"/>sive<span class=\"_ _6\"/> income.Research<span class=\"_ _6\"/> expenditure on r<span class=\"_ _6\"/>esearch activities, undertaken with the pro<span class=\"_ _6\"/>spect of gaini<span class=\"_ _6\"/>ng new sci<span class=\"_ _1\"/>entific or te<span class=\"_ _1\"/>chnical kn<span class=\"_ _1\"/>owled<span class=\"_ _1\"/>ge and under<span class=\"_ _1\"/>standing<span class=\"_ _1\"/>, is recognised in pr<span class=\"_ _1\"/>ofit or loss as incurre<span class=\"_ _1\"/>d. Devel<span class=\"_ _1\"/>opment ac<span class=\"_ _1\"/>tivit<span class=\"_ _1\"/>ies involve a plan or design f<span class=\"_ _1\"/>or the pro<span class=\"_ _1\"/>duct<span class=\"_ _1\"/>ion of new or substantially improve<span class=\"_ _1\"/>d produc<span class=\"_ _1\"/>ts an<span class=\"_ _1\"/>d processes. D<span class=\"_ _1\"/>evelop<span class=\"_ _1\"/>ment exp<span class=\"_ _1\"/>enditure is capit<span class=\"_ _1\"/>alised only if deve<span class=\"_ _1\"/>lopment cost<span class=\"_ _1\"/>s can be measured r<span class=\"_ _1\"/>eliably, the pro<span class=\"_ _1\"/>duct or p<span class=\"_ _1\"/>rocess is technically and c<span class=\"_ _6\"/>ommercial<span class=\"_ _6\"/>ly feas<span class=\"_ _6\"/>ible, future<span class=\"_ _6\"/> economic benefits are probable, a<span class=\"_ _6\"/>nd the Group intends to and has suff<span class=\"_ _1\"/>icient resources to comple<span class=\"_ _1\"/>te developm<span class=\"_ _1\"/>ent and to use or sell the asset. T<span class=\"_ _1\"/>he capitalise<span class=\"_ _1\"/>d expen<span class=\"_ _1\"/>diture includes th<span class=\"_ _1\"/>e cost of materials, direc<span class=\"_ _1\"/>t labour, overhe<span class=\"_ _1\"/>ad costs that are dire<span class=\"_ _1\"/>ctl<span class=\"_ _1\"/>y attr<span class=\"_ _1\"/>ibutable to p<span class=\"_ _1\"/>reparing th<span class=\"_ _1\"/>e asset for its intend<span class=\"_ _1\"/>ed use, and capitali<span class=\"_ _6\"/>sed borrowing co<span class=\"_ _6\"/>sts. Oth<span class=\"_ _1\"/>er dev<span class=\"_ _6\"/>elopment expenditu<span class=\"_ _6\"/>re is r<span class=\"_ _6\"/>ecognised i<span class=\"_ _6\"/>n profit or<span class=\"_ _6\"/> loss as incurre<span class=\"_ _1\"/>d. Capit<span class=\"_ _1\"/>alised develo<span class=\"_ _1\"/>pment exp<span class=\"_ _1\"/>enditure is measured at cost less accumulated amor<span class=\"_ _1\"/>tisati<span class=\"_ _1\"/>on and accumulated impairm<span class=\"_ _1\"/>ent losses.Sof<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ware and oth<span class=\"_ _1\"/>er intangible asset<span class=\"_ _1\"/>s acquired or deve<span class=\"_ _1\"/>loped b<span class=\"_ _1\"/>y the Gro<span class=\"_ _1\"/>up and that have finite usef<span class=\"_ _1\"/>ul lives are measured at cost less accumulated amor<span class=\"_ _1\"/>t<span class=\"_ _1\"/>isation and accumulated impair<span class=\"_ _1\"/>ment losse<span class=\"_ _1\"/>s.Subseque<span class=\"_ _1\"/>nt expendit<span class=\"_ _1\"/>ure on capitalise<span class=\"_ _1\"/>d intangible asset<span class=\"_ _1\"/>s is capitalised onl<span class=\"_ _1\"/>y when it increases th<span class=\"_ _1\"/>e future econ<span class=\"_ _1\"/>omic ben<span class=\"_ _1\"/>efit<span class=\"_ _1\"/>s embodie<span class=\"_ _1\"/>d in the spe<span class=\"_ _1\"/>cific asset to whic<span class=\"_ _1\"/>h it relates<span class=\"_ _1\"/>. All other e<span class=\"_ _1\"/>xpendit<span class=\"_ _1\"/>ure, including ex<span class=\"_ _1\"/>penditure o<span class=\"_ _1\"/>n internally gen<span class=\"_ _1\"/>erated g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill and br<span class=\"_ _1\"/>ands, is recogn<span class=\"_ _1\"/>ised in profit o<span class=\"_ _1\"/>r loss as incurred.Amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation is based on t<span class=\"_ _1\"/>he cost of an asset less its residual v<span class=\"_ _1\"/>alue. Am<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tisation is recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss on a straig<span class=\"_ _1\"/>ht<span class=\"_ _7\"/>-line basis over the es<span class=\"_ _1\"/>timated useful lives of intangible asset<span class=\"_ _1\"/>s unless such lives are indef<span class=\"_ _1\"/>inite. Go<span class=\"_ _1\"/>odwill and intan<span class=\"_ _1\"/>gible assets wit<span class=\"_ _1\"/>h an indef<span class=\"_ _1\"/>inite life are annually tested fo<span class=\"_ _1\"/>r impairment or wh<span class=\"_ _1\"/>en there is an indic<span class=\"_ _1\"/>ation for impairme<span class=\"_ _1\"/>nt. Ot<span class=\"_ _1\"/>her intangible asset<span class=\"_ _1\"/>s and sof<span class=\"_ _1\"/>tw<span class=\"_ _1\"/>are are amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d from th<span class=\"_ _1\"/>e date they are available fo<span class=\"_ _1\"/>r their intende<span class=\"_ _1\"/>d use. The es<span class=\"_ _1\"/>timated useful life of sof<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ware and ot<span class=\"_ _1\"/>her capit<span class=\"_ _1\"/>alised develop<span class=\"_ _1\"/>ment costs is, in g<span class=\"_ _1\"/>eneral<span class=\"_ _1\"/>, five ye<span class=\"_ _1\"/>ars. A<span class=\"_ _1\"/>mor<span class=\"_ _1\"/>tisation m<span class=\"_ _1\"/>ethods<span class=\"_ _1\"/>, useful lives and residual v<span class=\"_ _1\"/>alues are revi<span class=\"_ _1\"/>ewed at eac<span class=\"_ _1\"/>h repor<span class=\"_ _1\"/>ting date an<span class=\"_ _1\"/>d adjusted if appropriate.For g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill, and intangible asset<span class=\"_ _1\"/>s that have indef<span class=\"_ _1\"/>inite useful lives or that are not yet available fo<span class=\"_ _1\"/>r use, the re<span class=\"_ _1\"/>coverable am<span class=\"_ _1\"/>ount is estimated each year at t<span class=\"_ _1\"/>he same time<span class=\"_ _1\"/>. An impair<span class=\"_ _1\"/>ment loss is recognise<span class=\"_ _1\"/>d if the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of an asset or its r<span class=\"_ _1\"/>elated cash-gene<span class=\"_ _1\"/>rating unit excee<span class=\"_ _1\"/>ds its estimate<span class=\"_ _1\"/>d recovera<span class=\"_ _1\"/>ble amount. I<span class=\"_ _1\"/>mpairment losses ar<span class=\"_ _1\"/>e recognise<span class=\"_ _1\"/>d in profit or l<span class=\"_ _1\"/>oss. Impairm<span class=\"_ _1\"/>ent losses recognise<span class=\"_ _1\"/>d in respec<span class=\"_ _1\"/>t of cash-gene<span class=\"_ _1\"/>rating units are all<span class=\"_ _1\"/>ocated f<span class=\"_ _1\"/>irst to re<span class=\"_ _1\"/>duce the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of any goo<span class=\"_ _1\"/>dwill alloc<span class=\"_ _1\"/>ated to the cash-gene<span class=\"_ _1\"/>rating unit (or group of cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) and t<span class=\"_ _1\"/>hen to redu<span class=\"_ _1\"/>ce the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of the oth<span class=\"_ _1\"/>er assets in the c<span class=\"_ _1\"/>ash-gener<span class=\"_ _1\"/>ating unit (<span class=\"_ _6\"/>or group of cash-gene<span class=\"_ _1\"/>rating unit<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) on a p<span class=\"_ _1\"/>ro rata b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s.Subjec<span class=\"_ _1\"/>t to an ope<span class=\"_ _1\"/>rating se<span class=\"_ _1\"/>gment ceiling test, f<span class=\"_ _1\"/>or the pur<span class=\"_ _1\"/>poses of goo<span class=\"_ _1\"/>dwill impairme<span class=\"_ _1\"/>nt testing<span class=\"_ _1\"/>, C<span class=\"_ _6\"/>GUs to which g<span class=\"_ _1\"/>oodw<span class=\"_ _1\"/>ill has been allo<span class=\"_ _1\"/>cated, are a<span class=\"_ _1\"/>ggregate<span class=\"_ _1\"/>d so that the leve<span class=\"_ _1\"/>l at which impair<span class=\"_ _1\"/>ment testing is per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>med ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>ts t<span class=\"_ _1\"/>he lowest l<span class=\"_ _1\"/>evel at which go<span class=\"_ _1\"/>odwill is monitored for i<span class=\"_ _6\"/>nterna<span class=\"_ _6\"/>l repor<span class=\"_ _1\"/>ting pu<span class=\"_ _7\"/>r<span class=\"_ _1\"/>poses.An impair<span class=\"_ _1\"/>ment loss in respe<span class=\"_ _1\"/>ct of go<span class=\"_ _1\"/>odwill is not rever<span class=\"_ _1\"/>sed. I<span class=\"_ _1\"/>n respec<span class=\"_ _1\"/>t of other asset<span class=\"_ _1\"/>s, impairme<span class=\"_ _1\"/>nt losses recognised in p<span class=\"_ _1\"/>rior pe<span class=\"_ _1\"/>riods are re<span class=\"_ _1\"/>viewe<span class=\"_ _1\"/>d at each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date for any indicatio<span class=\"_ _1\"/>ns that the loss has decr<span class=\"_ _1\"/>eased or no lo<span class=\"_ _1\"/>nger exist<span class=\"_ _1\"/>s. F<span class=\"_ _1\"/>or these oth<span class=\"_ _1\"/>er assets<span class=\"_ _1\"/>, an <span class=\"_ _8\"/> impairme<span class=\"_ _1\"/>nt loss is reversed if t<span class=\"_ _1\"/>here has be<span class=\"_ _1\"/>en a change in the es<span class=\"_ _1\"/>timates used to determ<span class=\"_ _1\"/>ine the recover<span class=\"_ _1\"/>able amo<span class=\"_ _1\"/>unt. An impair<span class=\"_ _1\"/>ment loss is revers<span class=\"_ _1\"/>ed only to th<span class=\"_ _1\"/>e exte<span class=\"_ _1\"/>nt that the asset<span class=\"_ _1\"/>\u2019s carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount does n<span class=\"_ _1\"/>ot exceed the c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying am<span class=\"_ _1\"/>ount that would have been determined, net of depr<span class=\"_ _6\"/>eciation or amortisation, if<span class=\"_ _6\"/> no impa<span class=\"_ _6\"/>irment lo<span class=\"_ _6\"/>ss had<span class=\"_ _6\"/> been rec<span class=\"_ _6\"/>ogn<span class=\"_ _6\"/>is<span class=\"_ _7\"/>ed.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-109-19": {
   "value": "21.  INTANGIBLE ASSETS INCLUDING GOODWILLResearch expenditure on research activities, undertaken with the prospect of gaining new scientific or technical knowledge and understanding, is recognised in profit or loss as incurred. Development activities involve a plan or design for the production of new or substantially improved products and processes. Development expenditure is capitalised only if development costs can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the Group intends to and has sufficient resources to complete development and to use or sell the asset. The capitalised expenditure includes the cost of materials, direct labour, overhead costs that are directly attributable to preparing the asset for its intended use, and capitalised borrowing costs. Other development expenditure is recognised in profit or loss as incurred. Capitalised development expenditure is measured at cost less accumulated amortisation and accumulated impairment losses.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-122-2": {
   "value": "2<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws47\">INVESTMENTS IN<span class=\"_ _7\"/> EQU<span class=\"_ _1\"/>ITY<span class=\"_\"> </span>A<span class=\"_ _7\"/>CC<span class=\"_ _7\"/>OUNTE<span class=\"_ _1\"/>D<span class=\"_ _6\"/> INVESTEES</span>The G<span class=\"_ _1\"/>roup\u2019s interests in equit<span class=\"_ _1\"/>y-accounted investees compr<span class=\"_ _1\"/>ise interests in joint ventur<span class=\"_ _1\"/>es and associates<span class=\"_ _1\"/>. A joint venture is an arr<span class=\"_ _1\"/>angeme<span class=\"_ _1\"/>nt in which the Gro<span class=\"_ _1\"/>up has joint control, where<span class=\"_ _1\"/>by the Gro<span class=\"_ _1\"/>up has rights to th<span class=\"_ _1\"/>e net assets of the ar<span class=\"_ _1\"/>rang<span class=\"_ _1\"/>ement<span class=\"_ _1\"/>, rather t<span class=\"_ _1\"/>han rights toits asset<span class=\"_ _1\"/>s and obligati<span class=\"_ _1\"/>ons for its liabilit<span class=\"_ _1\"/>ies. A<span class=\"_ _1\"/>ssociates are all entit<span class=\"_ _1\"/>ies over which t<span class=\"_ _1\"/>he group has signific<span class=\"_ _1\"/>ant influence but not contr<span class=\"_ _1\"/>ol or joint control<span class=\"_ _1\"/>. This is gener<span class=\"_ _1\"/>ally the case where t<span class=\"_ _1\"/>he group hol<span class=\"_ _1\"/>ds bet<span class=\"_ _1\"/>ween 2<span class=\"_ _1\"/>0% and 5<span class=\"_ _1\"/>0% of th<span class=\"_ _1\"/>e voting right<span class=\"_ _1\"/>s.Investme<span class=\"_ _1\"/>nts in equit<span class=\"_ _1\"/>y-accounted investees are accounted for using th<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y metho<span class=\"_ _1\"/>d. Unde<span class=\"_ _1\"/>r the equit<span class=\"_ _1\"/>y meth<span class=\"_ _1\"/>od of accounting, th<span class=\"_ _1\"/>e investments ar<span class=\"_ _1\"/>e initially recog<span class=\"_ _1\"/>nised at cost and adjusted t<span class=\"_ _1\"/>hereaf<span class=\"_ _1\"/>ter to reco<span class=\"_ _1\"/>gnise the group\u2019s share of the pos<span class=\"_ _1\"/>t<span class=\"_ _7\"/>-acquisition prof<span class=\"_ _1\"/>its or losses of the investe<span class=\"_ _1\"/>e in profit or l<span class=\"_ _1\"/>oss, and the gr<span class=\"_ _1\"/>oup\u2019s s<span class=\"_ _6\"/>hare of moveme<span class=\"_ _1\"/>nts in other comprehen<span class=\"_ _6\"/>sive<span class=\"_ _6\"/> income<span class=\"_ _6\"/> of the i<span class=\"_ _6\"/>nvest<span class=\"_ _6\"/>ee in other c<span class=\"_ _7\"/>omprehensive inc<span class=\"_ _7\"/>ome. D<span class=\"_ _1\"/>ividends<span class=\"_ _6\"/> receive<span class=\"_ _1\"/>d or recei<span class=\"_ _1\"/>vable fr<span class=\"_ _1\"/>om associates and joint ventur<span class=\"_ _1\"/>es are recognise<span class=\"_ _1\"/>d as a reduc<span class=\"_ _1\"/>tion in the car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amount of the invest<span class=\"_ _1\"/>ment. U<span class=\"_ _1\"/>nrealised gains on tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>ons bet<span class=\"_ _1\"/>ween t<span class=\"_ _1\"/>heGroup an<span class=\"_ _1\"/>d its associates and j<span class=\"_ _1\"/>oint ventures are eliminated to th<span class=\"_ _1\"/>e ex<span class=\"_ _1\"/>tent of the group\u2019s interest in these e<span class=\"_ _1\"/>ntities. U<span class=\"_ _1\"/>nrealised losses are also eliminate<span class=\"_ _1\"/>d unless the tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>on provid<span class=\"_ _1\"/>es eviden<span class=\"_ _1\"/>ce of an impairment of the asset tr<span class=\"_ _1\"/>ansferred<span class=\"_ _1\"/>. Accounting polic<span class=\"_ _1\"/>ies of equit<span class=\"_ _1\"/>y-accounted investees have be<span class=\"_ _1\"/>en changed w<span class=\"_ _1\"/>here ne<span class=\"_ _1\"/>cessar<span class=\"_ _1\"/>y to ensure cons<span class=\"_ _6\"/>istenc<span class=\"_ _1\"/>y with th<span class=\"_ _1\"/>e policies a<span class=\"_ _1\"/>dopted by th<span class=\"_ _1\"/>e Group. W<span class=\"_ _1\"/>hen th<span class=\"_ _1\"/>e Group\u2019s share of losses in an equit<span class=\"_ _1\"/>y-accounted investment e<span class=\"_ _1\"/>quals or exceeds it<span class=\"_ _1\"/>s interest in the entit<span class=\"_ _1\"/>y, including any othe<span class=\"_ _1\"/>r unsecure<span class=\"_ _1\"/>d long-term recei<span class=\"_ _1\"/>vables that f<span class=\"_ _1\"/>orm par<span class=\"_ _1\"/>t of the ent<span class=\"_ _1\"/>ity<span class=\"_ _1\"/>\u2019s net investment<span class=\"_ _1\"/>, the group do<span class=\"_ _1\"/>es not recognise f<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>ther losses<span class=\"_ _1\"/>, unless it has incurred o<span class=\"_ _1\"/>bligations or made payme<span class=\"_ _1\"/>nts on be<span class=\"_ _1\"/>half of the other ent<span class=\"_ _1\"/>ity. The c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt of equit<span class=\"_ _1\"/>y-<span class=\"_ _6\"/>accounted investment<span class=\"_ _1\"/>s is tested for impair<span class=\"_ _1\"/>ment.Fugro has a call opt<span class=\"_ _1\"/>ion to acquire the remaining shares of S<span class=\"_ _1\"/>ea-Kit I<span class=\"_ _1\"/>nternational L<span class=\"_ _1\"/>imited (<span class=\"_ _6\"/>an individuall<span class=\"_ _1\"/>y immaterial associate) from its j<span class=\"_ _1\"/>oint venture par<span class=\"_ _1\"/>tner b<span class=\"_ _1\"/>et<span class=\"_ _1\"/>ween 1<span class=\"_ _1\"/>3 Feb<span class=\"_ _1\"/>ruar<span class=\"_ _1\"/>y 20<span class=\"_ _1\"/>24 and 3<span class=\"_ _1\"/>0 June 2<span class=\"_ _1\"/>024 (which per<span class=\"_ _1\"/>iod may be d<span class=\"_ _1\"/>eferre<span class=\"_ _1\"/>d by one year by t<span class=\"_ _1\"/>he joint venture par<span class=\"_ _1\"/>tner). Th<span class=\"_ _1\"/>e exercise pri<span class=\"_ _1\"/>ce i<span class=\"_ _6\"/>s the est<span class=\"_ _1\"/>imated fair valu<span class=\"_ _1\"/>e at that point in time. T<span class=\"_ _1\"/>he joint venture par<span class=\"_ _1\"/>tn<span class=\"_ _1\"/>er has a put option to se<span class=\"_ _1\"/>ll the remaining shares to Fugr<span class=\"_ _1\"/>o under substantially the sam<span class=\"_ _1\"/>e conditions as the call opt<span class=\"_ _1\"/>ion which is capp<span class=\"_ _1\"/>ed at a fi<span class=\"_ _1\"/>xed amount<span class=\"_ _1\"/>.The m<span class=\"_ _1\"/>ovement in the car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amount<span class=\"_ _1\"/>s of associates and joint venture<span class=\"_ _1\"/>s are presented as follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1da\"> </span><span class=\"ff2 fs36 ls1b5 ws1b9\">Joint<span class=\"_ _6\"/> ventures<span class=\"_ _12a\"> </span><span class=\"ls19e ws19e\">Asso<span class=\"_ _1\"/>ciates</span></span> <span class=\"_ _63\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _d0\"> </span></span>2<span class=\"_ _1\"/>022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>At Ja<span class=\"_ _1\"/>nuar<span class=\"_ _1\"/>y 1<span class=\"_ _239\"> </span><span class=\"ff4 fs6 ls2\">43,640<span class=\"_ _a0\"> </span><span class=\"ff8 fc14\">28,152 <span class=\"_ _17c\"> </span></span>2,726<span class=\"_ _d0\"> </span><span class=\"ff8 fc14\">8,062 </span></span>Share of pr<span class=\"_ _1\"/>ofit<span class=\"_ _1\"/>/ (<span class=\"_ _1\"/>loss) <span class=\"_ _fe\"> </span>11,55<span class=\"_ _1\"/>8<span class=\"_ _e5\"> </span><span class=\"ff8 fc14\">16,598 <span class=\"_ _65\"> </span></span><span class=\"ls43 ws4b\">236<span class=\"_ _6e\"> </span></span><span class=\"ff8 fc14\">878 </span>Capital increase/(decrease<span class=\"_ _7\"/>)-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>589-Other comprehens<span class=\"_ _6\"/>ive inc<span class=\"_ _7\"/>ome<span class=\"_ _1\"/>/ (loss<span class=\"_ _7\"/>)<span class=\"_ _1d9\"> </span><span class=\"ls2 ws2\">(493)<span class=\"_ _d0\"> </span><span class=\"ff8 fc14\">3,371 <span class=\"_ _c0\"> </span></span>(166)<span class=\"_ _59\"> </span><span class=\"ff8 fc14 ls87 ws3b\">       (76<span class=\"_ _1\"/>)</span></span>Dividends received<span class=\"_ _23a\"> </span><span class=\"ls2 ws2\">(11,540)<span class=\"_ _58\"> </span><span class=\"ff8 fc14\">    (4,<span class=\"_ _6\"/>440)</span></span>-       (693)T<span class=\"_ _6\"/>ransfe<span class=\"_ _1\"/>r to asset held f<span class=\"_ _1\"/>or sale---    (5,445)Ot<span class=\"_ _1\"/>her <span class=\"_ _23b\"> </span>(1)<span class=\"_ _5a\"> </span><span class=\"ff8 fc14\">         (41)<span class=\"_ _24\"> </span></span> --At 31<span class=\"_ _6\"/> December<span class=\"_ _1f5\"> </span><span class=\"ls2 ws2\">43,164 <span class=\"_ _9\"> </span><span class=\"fc14\">43,640<span class=\"_ _e3\"> </span></span> 3,385 <span class=\"_ _13d\"> </span><span class=\"fc14\"> 2,726 </span></span>Since 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1 the Glo<span class=\"_ _1\"/>bal Marine G<span class=\"_ _1\"/>roup associate was pr<span class=\"_ _1\"/>esented as held f<span class=\"_ _1\"/>or sale, w<span class=\"_ _1\"/>ith a carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount as at 31 De<span class=\"_ _1\"/>cember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 of EUR 7,8<span class=\"_ _1\"/>52 t<span class=\"_ _1\"/>housand (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EU<span class=\"_ _1\"/>R 5<span class=\"_ _1\"/>,4<span class=\"_ _1\"/>4<span class=\"_ _1\"/>5 thousand<span class=\"_ _1\"/>). The G<span class=\"_ _1\"/>roup\u2019s share of profit fr<span class=\"_ _1\"/>om continuing oper<span class=\"_ _1\"/>ations amounte<span class=\"_ _1\"/>d to EU<span class=\"_ _1\"/>R 1,<span class=\"_ _1\"/>7<span class=\"_ _1\"/>31 thousan<span class=\"_ _1\"/>d (20<span class=\"_ _1\"/>21: EU<span class=\"_ _1\"/>R 1<span class=\"_ _1\"/>,41<span class=\"_ _1\"/>6 thousand<span class=\"_ _1\"/>) and a pr<span class=\"_ _1\"/>ofit of EU<span class=\"_ _1\"/>R 676 thousand (2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1: EU<span class=\"_ _1\"/>R 28<span class=\"_ _1\"/>6 thousand loss) was repor<span class=\"_ _1\"/>te<span class=\"_ _1\"/>d as other compreh<span class=\"_ _1\"/>ensive income relating to fo<span class=\"_ _1\"/>reign curren<span class=\"_ _1\"/>cy exchan<span class=\"_ _1\"/>ge diffe<span class=\"_ _1\"/>rences which is at<span class=\"_ _1\"/>tribute<span class=\"_ _1\"/>d to the carr<span class=\"_ _0\"/>ying amount classifie<span class=\"_ _1\"/>d as held f<span class=\"_ _1\"/>or sale (reference is made to <span class=\"fc14\">note 8<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2</span><span class=\"ls1d wsa9\">).</span>Non<span class=\"_ _1\"/>e of the group\u2019s equit<span class=\"_ _1\"/>y-acc<span class=\"_ _6\"/>ounted investe<span class=\"_ _1\"/>es are publicly listed e<span class=\"_ _1\"/>ntities and consequentl<span class=\"_ _1\"/>y they do no<span class=\"_ _1\"/>t have published price quot<span class=\"_ _1\"/>ations. T<span class=\"_ _1\"/>he group has no signifi<span class=\"_ _1\"/>cant commitment<span class=\"_ _1\"/>s to its jo<span class=\"_ _1\"/>int ventures and associates39. <span class=\"_ _295\"> </span><span class=\"ff5 fs6 ls1ef ws47\">S<span class=\"_ _6\"/>UBSIDIARIES AND<span class=\"_ _7\"/> INVESTM<span class=\"_ _1\"/>ENTS<span class=\"_ _6\"/> A<span class=\"_ _6\"/>CC<span class=\"_ _7\"/>OUNTE<span class=\"_ _1\"/>D<span class=\"_ _7\"/> FOR USING<span class=\"_ _7\"/> TH<span class=\"_ _1\"/>E<span class=\"_ _7\"/> EQU<span class=\"_ _1\"/>ITY<span class=\"_ _7\"/> </span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>METHOD OF<span class=\"_ _7\"/> FUG<span class=\"_ _1\"/>R<span class=\"_ _7\"/>O N.<span class=\"_ _7\"/>V<span class=\"_ _7\"/>.<span class=\"_ _7\"/> Unless st<span class=\"_ _1\"/>ated other<span class=\"_ _1\"/>wise<span class=\"_ _1\"/>, the direc<span class=\"_ _1\"/>t or indire<span class=\"_ _1\"/>ct interest of Fu<span class=\"_ _1\"/>gro in the subsidiaries listed Fugro G<span class=\"_ _1\"/>eote<span class=\"_ _1\"/>chnical S<span class=\"_ _1\"/>er<span class=\"_ _1\"/>vices L<span class=\"_ _1\"/>td.<span class=\"_ _3b\"> </span>Fo T<span class=\"_ _7\"/>an<span class=\"_ _1\"/>, Hon<span class=\"_ _1\"/>g Kongbel<span class=\"_ _1\"/>ow is 10<span class=\"_ _1\"/>0<span class=\"_ _1\"/>%<span class=\"_ _1\"/>. Insignificant<span class=\"_ _1\"/>, but consolidated<span class=\"_ _1\"/>, subsidiaries have not be<span class=\"_ _1\"/>en include<span class=\"_ _1\"/>d. Fugro Techni<span class=\"_ _1\"/>cal Ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices Ltd.<span class=\"_ _179\"> </span>T<span class=\"_ _7\"/>ue<span class=\"_ _1\"/>n Mun, H<span class=\"_ _1\"/>ong KongFor e<span class=\"_ _1\"/>ntities whe<span class=\"_ _1\"/>re the direc<span class=\"_ _1\"/>t or indire<span class=\"_ _1\"/>ct interest of Fu<span class=\"_ _1\"/>gro is less than 5<span class=\"_ _1\"/>0%<span class=\"_ _1\"/>, the G<span class=\"_ _1\"/>roup Fugro Geosciences<span class=\"_ _6\"/> Interna<span class=\"_ _6\"/>tional Ltd.<span class=\"_ _110\"> </span><span class=\"ls2 ws2\">Wanchai<span class=\"_ _1\"/>, Hong K<span class=\"_ _1\"/>ong</span>consolidates financ<span class=\"_ _1\"/>ial information of such enti<span class=\"_ _1\"/>ties based on t<span class=\"_ _1\"/>he definit<span class=\"_ _1\"/>ion of control.Fugro (<span class=\"_ _1\"/>Hon<span class=\"_ _1\"/>g Kong<span class=\"_ _1\"/>) Ltd.<span class=\"_ _2b0\"> </span>Wanchai<span class=\"_ _1\"/>, Hong K<span class=\"_ _1\"/>ongFugro H<span class=\"_ _1\"/>oldings (<span class=\"_ _1\"/>Hon<span class=\"_ _1\"/>g Kong) L<span class=\"_ _1\"/>td.<span class=\"_ _2b1\"> </span>Wanchai<span class=\"_ _1\"/>, Hong K<span class=\"_ _1\"/>ongThe subsidiaries liste<span class=\"_ _1\"/>d belo<span class=\"_ _1\"/>w have been f<span class=\"_ _1\"/>ully incorpo<span class=\"_ _1\"/>rated into the consoli<span class=\"_ _1\"/>dated financial Fugro S<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>vey (In<span class=\"_ _1\"/>dia) Private L<span class=\"_ _1\"/>imited<span class=\"_ _98\"> </span>Navi M<span class=\"_ _1\"/>umbai, In<span class=\"_ _1\"/>diastatem<span class=\"_ _1\"/>ents of Fugro<span class=\"_ _1\"/>, unless indicated oth<span class=\"_ _1\"/>er<span class=\"_ _1\"/>wise.Fugro G<span class=\"_ _1\"/>eote<span class=\"_ _1\"/>ch (I<span class=\"_ _1\"/>ndia) Priv<span class=\"_ _1\"/>ate Limite<span class=\"_ _1\"/>d<span class=\"_ _1fe\"> </span>N<span class=\"_ _1\"/>avi Mumbai<span class=\"_ _1\"/>, IndiaPT Fugro Indonesia<span class=\"_ _2b2\"> </span><span class=\"ls1c8 ws1cd\">80%<span class=\"_ _c0\"> </span><span class=\"ls78 ws7d\">Jakar<span class=\"_ _1\"/>ta Selatan<span class=\"_ _1\"/>, Indonesia</span></span>The infor<span class=\"_ _1\"/>mation as require<span class=\"_ _1\"/>d by sec<span class=\"_ _1\"/>tions 2<span class=\"_ _1\"/>:3<span class=\"_ _1\"/>79 and 2<span class=\"_ _1\"/>:41<span class=\"_ _1\"/>4 of the Dutch Ci<span class=\"_ _1\"/>vil Code has be<span class=\"_ _1\"/>en Fug<span class=\"_ _1\"/>ro-<span class=\"_ _1\"/>E<span class=\"_ _1\"/>T<span class=\"_ _1\"/>W L<span class=\"_ _1\"/>LC<span class=\"_ _51\"> </span><span class=\"ls1c8 ws1cd\">50%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls43 ws4b\">Basra, Iraq</span>file<span class=\"_ _1\"/>d at the tr<span class=\"_ _1\"/>ade regist<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y of the Chambe<span class=\"_ _1\"/>r of Commerce in The H<span class=\"_ _1\"/>ague.Fugro I<span class=\"_ _1\"/>taly S<span class=\"_ _1\"/>.p.<span class=\"_ _0\"/>A<span class=\"_ _1\"/>.<span class=\"_ _2b3\"> </span><span class=\"ls43 ws4b\">Rome, Italy</span>Fugro J<span class=\"_ _1\"/>apan Co.<span class=\"_ _1\"/>, Ltd.<span class=\"_ _2b4\"> </span><span class=\"ls78 ws7d\">T<span class=\"_ _6\"/>ok<span class=\"_ _1\"/>yo, Japan</span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>Bulan Se<span class=\"_ _1\"/>latan Sdn B<span class=\"_ _1\"/>hd<span class=\"_ _3c\"> </span><span class=\"ls39 ws216\">49%<span class=\"_ _c0\"> </span></span>Kual<span class=\"_ _1\"/>a Lumpur, MalaysiaFugro M<span class=\"_ _1\"/>alaysia Mar<span class=\"_ _1\"/>ine Sdn Bh<span class=\"_ _1\"/>d<span class=\"_ _2b5\"> </span><span class=\"ls1c8 ws1cd\">30%<span class=\"_ _c0\"> </span></span>Kuala L<span class=\"_ _1\"/>umpur, MalaysiaFugro A<span class=\"_ _1\"/>ustra<span class=\"_ _1\"/>lia Lan<span class=\"_ _1\"/>d Pt<span class=\"_ _1\"/>y L<span class=\"_ _1\"/>td.<span class=\"_ _179\"> </span><span class=\"ls67 ws6b\">Perth, A<span class=\"_ _1\"/>ustralia</span>Fugro M<span class=\"_ _1\"/>auritius L<span class=\"_ _1\"/>td.<span class=\"_ _2ab\"> </span>Q<span class=\"_ _1\"/>uatre B<span class=\"_ _1\"/>orne<span class=\"_ _1\"/>s, Maur<span class=\"_ _1\"/>itiusFugro H<span class=\"_ _1\"/>oldings (<span class=\"_ _1\"/>Austr<span class=\"_ _1\"/>alia) Pt<span class=\"_ _1\"/>y L<span class=\"_ _1\"/>td.<span class=\"_ _80\"> </span><span class=\"ls67 ws6b\">Per<span class=\"_ _1\"/>th, Austr<span class=\"_ _1\"/>ali<span class=\"_ _6\"/>a</span>Fugro M<span class=\"_ _1\"/>exico S<span class=\"_ _1\"/>.<span class=\"_ _1\"/>A<span class=\"_ _1\"/>. de C<span class=\"_ _1\"/>.V.<span class=\"_ _52\"> </span>Ciud<span class=\"_ _1\"/>ad Del C<span class=\"_ _1\"/>arme<span class=\"_ _1\"/>n, Camp<span class=\"_ _1\"/>ech<span class=\"_ _1\"/>e, Fugro A<span class=\"_ _1\"/>ustra<span class=\"_ _1\"/>lia Marine P<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y Ltd<span class=\"_ _1\"/>.<span class=\"_ _256\"> </span><span class=\"ls67 ws6b\">Per<span class=\"_ _1\"/>th, Austr<span class=\"_ _1\"/>ali<span class=\"_ _6\"/>a</span>Me<span class=\"_ _1\"/>xicoFugro E<span class=\"_ _1\"/>xpl<span class=\"_ _1\"/>orat<span class=\"_ _1\"/>ion P<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y Ltd.<span class=\"_ _2ac\"> </span><span class=\"ls67 ws6b\">Per<span class=\"_ _1\"/>th, Australia</span>Fugro H<span class=\"_ _1\"/>oldings (<span class=\"_ _1\"/>NZ<span class=\"_ _1\"/>) Ltd<span class=\"_ _1\"/>.<span class=\"_ _8f\"> </span><span class=\"ls43 ws4b\">N<span class=\"_ _1\"/>ew Plymouth, New Zeal<span class=\"_ _6\"/>and</span>SOC<span class=\"_ _1\"/>AR-Fugro L<span class=\"_ _1\"/>LC<span class=\"_ _7e\"> </span><span class=\"ls39 ws216\">49%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls78 ws7d\">Baku<span class=\"_ _1\"/>, Azerbaijan</span>Fugro N<span class=\"_ _1\"/>ew Ze<span class=\"_ _1\"/>aland Ltd.<span class=\"_ _29a\"> </span><span class=\"ls43 ws4b\">New Plymouth, New Zeal<span class=\"_ _6\"/>and</span>Fugro I<span class=\"_ _1\"/>n Situ G<span class=\"_ _1\"/>eotecn<span class=\"_ _1\"/>ia Ltda.<span class=\"_ _238\"> </span><span class=\"ls7a ws7f\">P<span class=\"_ _1\"/>inhais, Br<span class=\"_ _1\"/>azil</span>Fugro N<span class=\"_ _1\"/>or<span class=\"_ _1\"/>way A<span class=\"_ _1\"/>S<span class=\"_ _1e0\"> </span><span class=\"ls4c ws53\">Oslo, Nor<span class=\"_ _1\"/>way</span>Fugro B<span class=\"_ _1\"/>rasil Le<span class=\"_ _1\"/>vantam<span class=\"_ _1\"/>entos Ltda.<span class=\"_ _249\"> </span>R<span class=\"_ _1\"/>io de Jan<span class=\"_ _1\"/>eiro, B<span class=\"_ _1\"/>razilFugr<span class=\"_ _1\"/>o Philippin<span class=\"_ _1\"/>es Inc.<span class=\"_ _1\"/> <span class=\"_ _2b6\"> </span>Manila<span class=\"_ _1\"/>, Philipp<span class=\"_ _1\"/>inesFugro H<span class=\"_ _1\"/>olding B<span class=\"_ _1\"/>elgium N<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _24c\"> </span><span class=\"ls43 ws4b\">Louvain<span class=\"_ _6\"/> la Neuve, Belgiu<span class=\"_ _6\"/>m</span>Fugro P<span class=\"_ _1\"/>eninsular Ser<span class=\"_ _1\"/>vi<span class=\"_ _1\"/>ces Co. W.L<span class=\"_ _1\"/>.<span class=\"_ _1\"/>L<span class=\"_ _1\"/>.<span class=\"_ _12a\"> </span><span class=\"ls39 ws216\">49%<span class=\"_ _c0\"> </span></span>Do<span class=\"_ _1\"/>ha, Qat<span class=\"_ _1\"/>arFugro C<span class=\"_ _1\"/>anada<span class=\"_ _1\"/>, Corp.<span class=\"_ _2ad\"> </span><span class=\"ls1fa ws206\">St. J<span class=\"_ _1\"/>ohn\u2019s, Canada</span>Fugro<span class=\"_ _1\"/>-Suhaimi Ltd.<span class=\"_ _a5\"> </span><span class=\"ls1c8 ws1cd\">5<span class=\"_ _1\"/>0%<span class=\"_ _c0\"> </span><span class=\"ls78 ws7d\">Dammam<span class=\"_ _1\"/>, Saudi Arabia</span></span>Fugro C<span class=\"_ _1\"/>hile S.<span class=\"_ _0\"/>A<span class=\"_ _1\"/>.<span class=\"_ _115\"> </span><span class=\"ls78 ws7d\">Santiago, Chile</span>Easter<span class=\"_ _1\"/>n Suppor<span class=\"_ _1\"/>te<span class=\"_ _1\"/>r Pte L<span class=\"_ _1\"/>td <span class=\"_ _9d\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>China Offshore Fugro<span class=\"_ _6\"/> GeoSolutions (Shen<span class=\"_ _6\"/>zhen<span class=\"_ _6\"/>) 50%*<span class=\"_ _39\"> </span><span class=\"fs6 ls2b ws33\">Shekou, Shen<span class=\"_ _7\"/>zhen, China</span>Fugro M<span class=\"_ _1\"/>arine Pe<span class=\"_ _1\"/>rsonn<span class=\"_ _1\"/>el P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _ad\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Co. Ltd<span class=\"_ _1\"/>.Fugro S<span class=\"_ _1\"/>ingapor<span class=\"_ _1\"/>e Marine P<span class=\"_ _1\"/>te L<span class=\"_ _1\"/>td<span class=\"_ _77\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro O<span class=\"_ _1\"/>ff<span class=\"_ _1\"/>shore Sur<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>y (Shenzhen) Co. Ltd<span class=\"_ _1\"/>.<span class=\"_ _4b\"> </span><span class=\"ls2b ws33\">Shen<span class=\"_ _7\"/>zhen, China</span>Fugro S<span class=\"_ _1\"/>atellite Positio<span class=\"_ _1\"/>ning P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _25e\"> </span><span class=\"ls1e5 ws1eb\">Singa<span class=\"_ _6\"/>pore, Singapore</span>Fugro P<span class=\"_ _1\"/>acif<span class=\"_ _1\"/>ica Qinhua<span class=\"_ _1\"/>ngdao Co. L<span class=\"_ _1\"/>td.<span class=\"_ _110\"> </span><span class=\"ls1fa ws206\">Qinhuang<span class=\"_ _1\"/>dao, China</span>Fugro P<span class=\"_ _1\"/>rope<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ies P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _8f\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro Techni<span class=\"_ _1\"/>cal Ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices (Guangzhou) Ltd.<span class=\"_ _54\"> </span><span class=\"ls7a ws7f\">G<span class=\"_ _1\"/>uangzhou<span class=\"_ _1\"/>, China</span>Sout<span class=\"_ _1\"/>hern E<span class=\"_ _1\"/>volutio<span class=\"_ _1\"/>n Pte L<span class=\"_ _1\"/>td.<span class=\"_ _4f\"> </span><span class=\"ls1e5 ws1eb\">Singapore<span class=\"_ _1\"/>, Si<span class=\"_ _6\"/>ngapore</span>Fugro Co<span class=\"_ _1\"/>nsultants Inte<span class=\"_ _1\"/>rnatio<span class=\"_ _1\"/>nal N.V.<span class=\"_ _23c\"> </span>W<span class=\"_ _1\"/>illemsta<span class=\"_ _1\"/>d, Cura<span class=\"_ _1\"/>\u00e7aoEaster<span class=\"_ _1\"/>n Marine<span class=\"_ _1\"/>r Pt<span class=\"_ _1\"/>e Ltd.<span class=\"_ _53\"> </span><span class=\"ls1e5 ws1eb\">Si<span class=\"_ _6\"/>ngapore, Singapore</span>Fugro Financial I<span class=\"_ _1\"/>nternational N<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _95\"> </span><span class=\"ls2 ws2\">W<span class=\"_ _1\"/>illemsta<span class=\"_ _1\"/>d, Cura<span class=\"_ _1\"/>\u00e7ao</span>Easter<span class=\"_ _1\"/>n Equator P<span class=\"_ _1\"/>te Ltd<span class=\"_ _1\"/>.<span class=\"_ _123\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro M<span class=\"_ _1\"/>arine Sur<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>y Int. L<span class=\"_ _1\"/>td. Egy<span class=\"_ _1\"/>pt<span class=\"_ _cd\"> </span><span class=\"ls2b ws33\">Cairo,<span class=\"_ _6\"/> Egypt</span>Fugro S<span class=\"_ _1\"/>ingapor<span class=\"_ _1\"/>e Lan<span class=\"_ _1\"/>d Pte L<span class=\"_ _1\"/>td.<span class=\"_ _2b7\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro S<span class=\"_ _1\"/>.<span class=\"_ _1\"/>A<span class=\"_ _1\"/>.<span class=\"_ _1\"/>E<span class=\"_ _1\"/>.<span class=\"_ _53\"> </span>-<span class=\"_ _231\"> </span><span class=\"ls2b ws33\">Cairo, Egypt</span>Fugro S<span class=\"_ _1\"/>ubsea T<span class=\"_ _6\"/>echn<span class=\"_ _1\"/>ologi<span class=\"_ _1\"/>es P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _98\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro G<span class=\"_ _1\"/>eoi<span class=\"_ _1\"/>d S.<span class=\"_ _1\"/>A<span class=\"_ _0\"/>.<span class=\"_ _1\"/>S.<span class=\"_ _2ae\"> </span><span class=\"ls78 ws7d\">Castr<span class=\"_ _1\"/>ies, Fran<span class=\"_ _1\"/>ce</span>Fugro S<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>vey Afr<span class=\"_ _1\"/>ica (P<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y) Ltd.<span class=\"_ _fe\"> </span>Ca<span class=\"_ _1\"/>pe T<span class=\"_ _6\"/>own<span class=\"_ _1\"/>, South A<span class=\"_ _1\"/>fric<span class=\"_ _1\"/>aFugro H<span class=\"_ _1\"/>olding Fr<span class=\"_ _1\"/>ance S<span class=\"_ _1\"/>.<span class=\"_ _1\"/>A<span class=\"_ _1\"/>.<span class=\"_ _1\"/>S.<span class=\"_ _1ff\"> </span><span class=\"ls78 ws7d\">Nanterre, Fr<span class=\"_ _1\"/>ance</span>Fugro G<span class=\"_ _1\"/>eo<span class=\"_ _1\"/>detic AG<span class=\"_ _2ae\"> </span><span class=\"ls28 ws30\">Zug<span class=\"_ _1\"/>, Switzerland</span>Fugro G<span class=\"_ _1\"/>ermany L<span class=\"_ _1\"/>and GmbH<span class=\"_ _179\"> </span><span class=\"ls7a ws7f\">Berlin<span class=\"_ _1\"/>, Ge<span class=\"_ _1\"/>rmany</span>Fugro I<span class=\"_ _1\"/>OV<span class=\"_ _1\"/>T<span class=\"_ _1\"/>EC Co. L<span class=\"_ _1\"/>td.<span class=\"_ _81\"> </span><span class=\"ls39 ws216\">49%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls78 ws7d\">T<span class=\"_ _6\"/>aipei Cit<span class=\"_ _1\"/>y, T<span class=\"_ _7\"/>aiw<span class=\"_ _1\"/>an</span>Fugro G<span class=\"_ _1\"/>ermany Marine G<span class=\"_ _1\"/>mbH<span class=\"_ _256\"> </span><span class=\"ls4c ws53\">Bremen, G<span class=\"_ _1\"/>ermany</span>Agun<span class=\"_ _1\"/>g Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _257\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherland<span class=\"_ _7\"/>s</span>Fugro G<span class=\"_ _1\"/>hana Limi<span class=\"_ _1\"/>ted <span class=\"_ _2af\"> </span><span class=\"ls1c8 ws1cd\">90%<span class=\"_ _c0\"> </span><span class=\"ls1fa ws206\">Accra<span class=\"_ _1\"/>, Ghana</span></span>Kik<span class=\"_ _1\"/>a Shipping<span class=\"_ _1\"/> B.V<span class=\"_ _6\"/>.<span class=\"_ _2b8\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>Kilima<span class=\"_ _1\"/>njaro Shippin<span class=\"_ _1\"/>g B.V.<span class=\"_ _27f\"> </span><span class=\"ls43 ws4b\">Leidschenda<span class=\"_ _6\"/>m, The Netherlands</span>Fugro En<span class=\"_ _6\"/>terprise, Inc.<span class=\"_ _1f9\"> </span><span class=\"ls2 ws2\">H<span class=\"_ _1\"/>ouston<span class=\"_ _1\"/>, United St<span class=\"_ _1\"/>ates</span>Fugro N<span class=\"_ _1\"/>L Ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices B.V.<span class=\"_ _1d0\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Fugro (<span class=\"_ _1\"/>USA<span class=\"_ _1\"/>) Hol<span class=\"_ _1\"/>dings, In<span class=\"_ _1\"/>c.<span class=\"_ _9d\"> </span>Houston<span class=\"_ _1\"/>, Unite<span class=\"_ _1\"/>d StatesKat<span class=\"_ _1\"/>la Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _1b3\"> </span><span class=\"ls43 ws4b\">Leidschenda<span class=\"_ _6\"/>m, The Netherlands</span>Fugro U<span class=\"_ _1\"/>SA Mar<span class=\"_ _1\"/>ine, Inc<span class=\"_ _1\"/>.<span class=\"_ _1cd\"> </span>L<span class=\"_ _1\"/>af<span class=\"_ _1\"/>ayett<span class=\"_ _1\"/>e, Unite<span class=\"_ _1\"/>d StatesAlutan Ship<span class=\"_ _1\"/>ping B.V<span class=\"_ _7\"/>.<span class=\"_ _239\"> </span><span class=\"ls43 ws4b\">Leidschendam, The<span class=\"_ _6\"/> Netherlands</span>*Jo<span class=\"_ _1\"/>int arr<span class=\"_ _1\"/>ang<span class=\"_ _1\"/>eme<span class=\"_ _1\"/>nts cl<span class=\"_ _1\"/>assif<span class=\"_ _1\"/>ied as j<span class=\"_ _1\"/>oint v<span class=\"_ _1\"/>entur<span class=\"_ _1\"/>es or ass<span class=\"_ _1\"/>ocia<span class=\"_ _1\"/>tes tha<span class=\"_ _1\"/>t are e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y-acco<span class=\"_ _1\"/>unted<span class=\"_ _1\"/>.Erebus Shippi<span class=\"_ _6\"/>ng B.V<span class=\"_ _7\"/>.<span class=\"_ _45\"> </span><span class=\"ls43 ws4b\">Leids<span class=\"_ _6\"/>chendam, The Netherland<span class=\"_ _6\"/>s</span>Fos<span class=\"_ _1\"/>ter Shipp<span class=\"_ _1\"/>ing B.V.<span class=\"_ _fb\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Mayo<span class=\"_ _1\"/>n Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _2ad\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherland<span class=\"_ _6\"/>s</span>T<span class=\"_ _7\"/>ar<span class=\"_ _1\"/>anaki Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _1d0\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>T<span class=\"_ _6\"/>ongar<span class=\"_ _1\"/>iro Shipp<span class=\"_ _1\"/>ing B.V.<span class=\"_ _176\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Ar<span class=\"_ _1\"/>juna Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _255\"> </span><span class=\"ls43 ws4b\">L<span class=\"_ _1\"/>eidsc<span class=\"_ _6\"/>hendam, The Netherland<span class=\"_ _6\"/>s</span>Fugro S<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>vey B.V.<span class=\"_ _2b9\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Fugro N<span class=\"_ _1\"/>L L<span class=\"_ _1\"/>and B<span class=\"_ _1\"/>.<span class=\"_ _6\"/>V<span class=\"_ _6\"/>.<span class=\"_ _1b3\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Fugro Nederland B.V<span class=\"_ _7\"/>.<span class=\"_ _2ba\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Fugro I<span class=\"_ _1\"/>nnovati<span class=\"_ _1\"/>on &amp; Technolo<span class=\"_ _1\"/>gy B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _1a8\"> </span><span class=\"ls43 ws4b\">Leidschendam, The<span class=\"_ _6\"/> Netherlands</span>Fugro M<span class=\"_ _1\"/>arine S<span class=\"_ _1\"/>er<span class=\"_ _1\"/>vices B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _9d\"> </span><span class=\"ls43 ws4b\">L<span class=\"_ _1\"/>eids<span class=\"_ _6\"/>chendam, The Netherland<span class=\"_ _6\"/>s</span>Fugro F<span class=\"_ _1\"/>inancial Reso<span class=\"_ _1\"/>urces B.V<span class=\"_ _6\"/>.<span class=\"_ _d6\"> </span><span class=\"ls43 ws4b\">Leids<span class=\"_ _6\"/>chendam, The Netherland<span class=\"_ _6\"/>s</span>Fugro Vastg<span class=\"_ _1\"/>oed B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _2bb\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Scener<span class=\"_ _1\"/>y Sh<span class=\"_ _6\"/>ipping B.<span class=\"_ _6\"/>V<span class=\"_ _7\"/>.<span class=\"_ _227\"> </span><span class=\"ls43 ws4b\">Leidschenda<span class=\"_ _6\"/>m, The Netherlands</span>Semeru Shipping<span class=\"_ _6\"/> B.V<span class=\"_ _7\"/>.<span class=\"_ _227\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherlands</span>Seabed<span class=\"_ _7\"/> Geosolu<span class=\"_ _6\"/>tion<span class=\"_ _7\"/>s B.V<span class=\"_ _7\"/>.<span class=\"_ _2ac\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Wavew<span class=\"_ _1\"/>alker B.V.<span class=\"_ _4f\"> </span><span class=\"ls1c8 ws1cd\">50%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls43 ws4b\">Leidschendam, The Netherland<span class=\"_ _7\"/>s</span>Bosav<span class=\"_ _1\"/>i Shippin<span class=\"_ _1\"/>g B.V.<span class=\"_ _239\"> </span><span class=\"ls2 ws2\">No<span class=\"_ _1\"/>otdorp, T<span class=\"_ _1\"/>he Ne<span class=\"_ _1\"/>therla<span class=\"_ _1\"/>nds</span>Hast<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>da Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _6\"/>.<span class=\"_ _299\"> </span><span class=\"ls2 ws2\">N<span class=\"_ _1\"/>ootdor<span class=\"_ _1\"/>p, The N<span class=\"_ _1\"/>ether<span class=\"_ _1\"/>lands</span>Fugro N<span class=\"_ _1\"/>ethe<span class=\"_ _1\"/>rlands Mar<span class=\"_ _1\"/>ine B<span class=\"_ _1\"/>.<span class=\"_ _6\"/>V<span class=\"_ _6\"/>.<span class=\"_ _c2\"> </span>No<span class=\"_ _1\"/>otdorp, T<span class=\"_ _1\"/>he Net<span class=\"_ _1\"/>herlan<span class=\"_ _1\"/>dsFugro Trinidad L<span class=\"_ _1\"/>td.<span class=\"_ _1fc\"> </span><span class=\"ls7a ws7f\">Por<span class=\"_ _1\"/>t of Spain<span class=\"_ _1\"/>, T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>inidad</span>Fugro M<span class=\"_ _1\"/>iddle East<span class=\"_ _af\"> </span><span class=\"ls39 ws216\">49%<span class=\"_ _c0\"> </span></span>D<span class=\"_ _1\"/>ubai, Unit<span class=\"_ _1\"/>ed Ar<span class=\"_ _1\"/>ab Emir<span class=\"_ _1\"/>atesFugro G<span class=\"_ _1\"/>B (N<span class=\"_ _1\"/>or<span class=\"_ _1\"/>th) Marine L<span class=\"_ _1\"/>imite<span class=\"_ _1\"/>d<span class=\"_ _2bc\"> </span><span class=\"ls4c ws53\">Aberdeen<span class=\"_ _1\"/>, Unit<span class=\"_ _6\"/>ed Kingdom</span>Fugro Ge<span class=\"_ _1\"/>oSer<span class=\"_ _1\"/>vices Limite<span class=\"_ _1\"/>d<span class=\"_ _51\"> </span><span class=\"ls78 ws7d\">Falmouth<span class=\"_ _1\"/>, United King<span class=\"_ _1\"/>dom</span>Hush Cr<span class=\"_ _1\"/>aft L<span class=\"_ _1\"/>td<span class=\"_ _22b\"> </span><span class=\"ls39 ws216\">49%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls7a ws7f\">Suf<span class=\"_ _1\"/>folk<span class=\"_ _1\"/>, Unite<span class=\"_ _1\"/>d Kin<span class=\"_ _1\"/>gdom</span>Fugro H<span class=\"_ _1\"/>oldings L<span class=\"_ _1\"/>imited<span class=\"_ _176\"> </span><span class=\"ls7a ws7f\">Wallingfor<span class=\"_ _1\"/>d, Unite<span class=\"_ _1\"/>d Kin<span class=\"_ _1\"/>gdom</span>Fugro G<span class=\"_ _1\"/>B Mar<span class=\"_ _1\"/>ine Limite<span class=\"_ _1\"/>d<span class=\"_ _27f\"> </span><span class=\"ls7a ws7f\">Wallingfo<span class=\"_ _1\"/>rd, Unite<span class=\"_ _1\"/>d Kin<span class=\"_ _1\"/>gdom</span>Fugro Properties Limited<span class=\"_ _8f\"> </span><span class=\"ls7a ws7f\">Walling<span class=\"_ _1\"/>ford, U<span class=\"_ _1\"/>nited K<span class=\"_ _1\"/>ingd<span class=\"_ _1\"/>om</span>Glo<span class=\"_ _1\"/>bal Marin<span class=\"_ _1\"/>e Hol<span class=\"_ _1\"/>dings LLC<span class=\"_ _ec\"> </span><span class=\"ls202 ws20e\">2<span class=\"_ _1\"/>3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>6%</span>*<span class=\"_ _47\"> </span><span class=\"fs6\">De<span class=\"_ _1\"/>laware<span class=\"_ _1\"/>, United St<span class=\"_ _1\"/>ates</span>Fugr<span class=\"_ _1\"/>o Brasilis<span class=\"_ _1\"/>, Inc.<span class=\"_ _1d1\"> </span><span class=\"ls2 ws2\">H<span class=\"_ _1\"/>ouston<span class=\"_ _1\"/>, Unite<span class=\"_ _1\"/>d States</span>Fugro G<span class=\"_ _1\"/>ulf, Inc.<span class=\"_ _2bd\"> </span>Hous<span class=\"_ _1\"/>ton, Uni<span class=\"_ _1\"/>ted StatesFugro Sy<span class=\"_ _1\"/>nerg<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, Inc<span class=\"_ _1\"/>.<span class=\"_ _109\"> </span>Ho<span class=\"_ _1\"/>uston, Un<span class=\"_ _1\"/>ited StatesFugro USA Land, Inc.<span class=\"_ _2b4\"> </span><span class=\"ls2 ws2\">Houston<span class=\"_ _1\"/>, United St<span class=\"_ _1\"/>ates</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-122-3": {
   "value": "22.  INVESTMENTS IN EQUITY ACCOUNTED INVESTEESThe Group\u2019s interests in equity-accounted investees comprise interests in joint ventures and associates. A joint venture is an arrangement in which the Group has joint control, whereby the Group has rights to the net assets of the arrangement, rather than rights toits assets and obligations for its liabilities. Associates are all entities over which the group has significant influence but not control or joint control. This is generally the case where the group holds between 20% and 50% of the voting rights.Investments in equity-accounted investees are accounted for using the equity method. Under the equity method of accounting, the investments are initially recognised at cost and adjusted thereafter to recognise the group\u2019s share of the post-acquisition profits or losses of the investee in profit or loss, and the group\u2019s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from associates and joint ventures are recognised as a reduction in the carrying amount of the investment. Unrealised gains on transactions between theGroup and its associates and joint ventures are eliminated to the extent of the group\u2019s interest in these entities. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of equity-accounted investees have been changed where necessary to ensure consistency with the policies adopted by the Group. When the Group\u2019s share of losses in an equity-accounted investment equals or exceeds its interest in the entity, including any other unsecured long-term receivables that form part of the entity\u2019s net investment, the group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the other entity. The carrying amount of equity-accounted investments is tested for impairment.Fugro has a call option to acquire the remaining shares of Sea-Kit International Limited (an individually immaterial associate) from its joint venture partner between 13 February 2024 and 30 June 2024 (which period may be deferred by one year by the joint venture partner). The exercise price is the estimated fair value at that point in time. The joint venture partner has a put option to sell the remaining shares to Fugro under substantially the same conditions as the call option which is capped at a fixed amount.The movement in the carrying amounts of associates and joint ventures are presented as follows:(EUR x 1,000) Joint ventures Associates  2022 2021 2022 2021At January 1 43,640 28,152  2,726 8,062 Share of profit/ (loss)  11,558 16,598  236 878 Capital increase/(decrease)- -589-Other comprehensive income/ (loss) (493) 3,371  (166)        (76)Dividends received (11,540)     (4,440)-       (693)Transfer to asset held for sale---    (5,445)Other  (1)          (41)  --At 31 December 43,164  43,640  3,385   2,726 Since 31 December 2021 the Global Marine Group associate was presented as held for sale, with a carrying amount as at 31 December 2022 of EUR 7,852 thousand (2021: EUR 5,445 thousand). The Group\u2019s share of profit from continuing operations amounted to EUR 1,731 thousand (2021: EUR 1,416 thousand) and a profit of EUR 676 thousand (2021: EUR 286 thousand loss) was reported as other comprehensive income relating to foreign currency exchange differences which is attributed to the carrying amount classified as held for sale (reference is made to note 8.2).None of the group\u2019s equity-accounted investees are publicly listed entities and consequently they do not have published price quotations. The group has no significant commitments to its joint ventures and associates",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-122-4": {
   "value": "2<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws47\">INVESTMENTS IN<span class=\"_ _7\"/> EQU<span class=\"_ _1\"/>ITY<span class=\"_\"> </span>A<span class=\"_ _7\"/>CC<span class=\"_ _7\"/>OUNTE<span class=\"_ _1\"/>D<span class=\"_ _6\"/> INVESTEES</span>The G<span class=\"_ _1\"/>roup\u2019s interests in equit<span class=\"_ _1\"/>y-accounted investees compr<span class=\"_ _1\"/>ise interests in joint ventur<span class=\"_ _1\"/>es and associates<span class=\"_ _1\"/>. A joint venture is an arr<span class=\"_ _1\"/>angeme<span class=\"_ _1\"/>nt in which the Gro<span class=\"_ _1\"/>up has joint control, where<span class=\"_ _1\"/>by the Gro<span class=\"_ _1\"/>up has rights to th<span class=\"_ _1\"/>e net assets of the ar<span class=\"_ _1\"/>rang<span class=\"_ _1\"/>ement<span class=\"_ _1\"/>, rather t<span class=\"_ _1\"/>han rights toits asset<span class=\"_ _1\"/>s and obligati<span class=\"_ _1\"/>ons for its liabilit<span class=\"_ _1\"/>ies. A<span class=\"_ _1\"/>ssociates are all entit<span class=\"_ _1\"/>ies over which t<span class=\"_ _1\"/>he group has signific<span class=\"_ _1\"/>ant influence but not contr<span class=\"_ _1\"/>ol or joint control<span class=\"_ _1\"/>. This is gener<span class=\"_ _1\"/>ally the case where t<span class=\"_ _1\"/>he group hol<span class=\"_ _1\"/>ds bet<span class=\"_ _1\"/>ween 2<span class=\"_ _1\"/>0% and 5<span class=\"_ _1\"/>0% of th<span class=\"_ _1\"/>e voting right<span class=\"_ _1\"/>s.Investme<span class=\"_ _1\"/>nts in equit<span class=\"_ _1\"/>y-accounted investees are accounted for using th<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y metho<span class=\"_ _1\"/>d. Unde<span class=\"_ _1\"/>r the equit<span class=\"_ _1\"/>y meth<span class=\"_ _1\"/>od of accounting, th<span class=\"_ _1\"/>e investments ar<span class=\"_ _1\"/>e initially recog<span class=\"_ _1\"/>nised at cost and adjusted t<span class=\"_ _1\"/>hereaf<span class=\"_ _1\"/>ter to reco<span class=\"_ _1\"/>gnise the group\u2019s share of the pos<span class=\"_ _1\"/>t<span class=\"_ _7\"/>-acquisition prof<span class=\"_ _1\"/>its or losses of the investe<span class=\"_ _1\"/>e in profit or l<span class=\"_ _1\"/>oss, and the gr<span class=\"_ _1\"/>oup\u2019s s<span class=\"_ _6\"/>hare of moveme<span class=\"_ _1\"/>nts in other comprehen<span class=\"_ _6\"/>sive<span class=\"_ _6\"/> income<span class=\"_ _6\"/> of the i<span class=\"_ _6\"/>nvest<span class=\"_ _6\"/>ee in other c<span class=\"_ _7\"/>omprehensive inc<span class=\"_ _7\"/>ome. D<span class=\"_ _1\"/>ividends<span class=\"_ _6\"/> receive<span class=\"_ _1\"/>d or recei<span class=\"_ _1\"/>vable fr<span class=\"_ _1\"/>om associates and joint ventur<span class=\"_ _1\"/>es are recognise<span class=\"_ _1\"/>d as a reduc<span class=\"_ _1\"/>tion in the car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amount of the invest<span class=\"_ _1\"/>ment. U<span class=\"_ _1\"/>nrealised gains on tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>ons bet<span class=\"_ _1\"/>ween t<span class=\"_ _1\"/>heGroup an<span class=\"_ _1\"/>d its associates and j<span class=\"_ _1\"/>oint ventures are eliminated to th<span class=\"_ _1\"/>e ex<span class=\"_ _1\"/>tent of the group\u2019s interest in these e<span class=\"_ _1\"/>ntities. U<span class=\"_ _1\"/>nrealised losses are also eliminate<span class=\"_ _1\"/>d unless the tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>on provid<span class=\"_ _1\"/>es eviden<span class=\"_ _1\"/>ce of an impairment of the asset tr<span class=\"_ _1\"/>ansferred<span class=\"_ _1\"/>. Accounting polic<span class=\"_ _1\"/>ies of equit<span class=\"_ _1\"/>y-accounted investees have be<span class=\"_ _1\"/>en changed w<span class=\"_ _1\"/>here ne<span class=\"_ _1\"/>cessar<span class=\"_ _1\"/>y to ensure cons<span class=\"_ _6\"/>istenc<span class=\"_ _1\"/>y with th<span class=\"_ _1\"/>e policies a<span class=\"_ _1\"/>dopted by th<span class=\"_ _1\"/>e Group. W<span class=\"_ _1\"/>hen th<span class=\"_ _1\"/>e Group\u2019s share of losses in an equit<span class=\"_ _1\"/>y-accounted investment e<span class=\"_ _1\"/>quals or exceeds it<span class=\"_ _1\"/>s interest in the entit<span class=\"_ _1\"/>y, including any othe<span class=\"_ _1\"/>r unsecure<span class=\"_ _1\"/>d long-term recei<span class=\"_ _1\"/>vables that f<span class=\"_ _1\"/>orm par<span class=\"_ _1\"/>t of the ent<span class=\"_ _1\"/>ity<span class=\"_ _1\"/>\u2019s net investment<span class=\"_ _1\"/>, the group do<span class=\"_ _1\"/>es not recognise f<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>ther losses<span class=\"_ _1\"/>, unless it has incurred o<span class=\"_ _1\"/>bligations or made payme<span class=\"_ _1\"/>nts on be<span class=\"_ _1\"/>half of the other ent<span class=\"_ _1\"/>ity. The c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt of equit<span class=\"_ _1\"/>y-<span class=\"_ _6\"/>accounted investment<span class=\"_ _1\"/>s is tested for impair<span class=\"_ _1\"/>ment.Fugro has a call opt<span class=\"_ _1\"/>ion to acquire the remaining shares of S<span class=\"_ _1\"/>ea-Kit I<span class=\"_ _1\"/>nternational L<span class=\"_ _1\"/>imited (<span class=\"_ _6\"/>an individuall<span class=\"_ _1\"/>y immaterial associate) from its j<span class=\"_ _1\"/>oint venture par<span class=\"_ _1\"/>tner b<span class=\"_ _1\"/>et<span class=\"_ _1\"/>ween 1<span class=\"_ _1\"/>3 Feb<span class=\"_ _1\"/>ruar<span class=\"_ _1\"/>y 20<span class=\"_ _1\"/>24 and 3<span class=\"_ _1\"/>0 June 2<span class=\"_ _1\"/>024 (which per<span class=\"_ _1\"/>iod may be d<span class=\"_ _1\"/>eferre<span class=\"_ _1\"/>d by one year by t<span class=\"_ _1\"/>he joint venture par<span class=\"_ _1\"/>tner). Th<span class=\"_ _1\"/>e exercise pri<span class=\"_ _1\"/>ce i<span class=\"_ _6\"/>s the est<span class=\"_ _1\"/>imated fair valu<span class=\"_ _1\"/>e at that point in time. T<span class=\"_ _1\"/>he joint venture par<span class=\"_ _1\"/>tn<span class=\"_ _1\"/>er has a put option to se<span class=\"_ _1\"/>ll the remaining shares to Fugr<span class=\"_ _1\"/>o under substantially the sam<span class=\"_ _1\"/>e conditions as the call opt<span class=\"_ _1\"/>ion which is capp<span class=\"_ _1\"/>ed at a fi<span class=\"_ _1\"/>xed amount<span class=\"_ _1\"/>.The m<span class=\"_ _1\"/>ovement in the car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amount<span class=\"_ _1\"/>s of associates and joint venture<span class=\"_ _1\"/>s are presented as follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1da\"> </span><span class=\"ff2 fs36 ls1b5 ws1b9\">Joint<span class=\"_ _6\"/> ventures<span class=\"_ _12a\"> </span><span class=\"ls19e ws19e\">Asso<span class=\"_ _1\"/>ciates</span></span> <span class=\"_ _63\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _d0\"> </span></span>2<span class=\"_ _1\"/>022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>At Ja<span class=\"_ _1\"/>nuar<span class=\"_ _1\"/>y 1<span class=\"_ _239\"> </span><span class=\"ff4 fs6 ls2\">43,640<span class=\"_ _a0\"> </span><span class=\"ff8 fc14\">28,152 <span class=\"_ _17c\"> </span></span>2,726<span class=\"_ _d0\"> </span><span class=\"ff8 fc14\">8,062 </span></span>Share of pr<span class=\"_ _1\"/>ofit<span class=\"_ _1\"/>/ (<span class=\"_ _1\"/>loss) <span class=\"_ _fe\"> </span>11,55<span class=\"_ _1\"/>8<span class=\"_ _e5\"> </span><span class=\"ff8 fc14\">16,598 <span class=\"_ _65\"> </span></span><span class=\"ls43 ws4b\">236<span class=\"_ _6e\"> </span></span><span class=\"ff8 fc14\">878 </span>Capital increase/(decrease<span class=\"_ _7\"/>)-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>589-Other comprehens<span class=\"_ _6\"/>ive inc<span class=\"_ _7\"/>ome<span class=\"_ _1\"/>/ (loss<span class=\"_ _7\"/>)<span class=\"_ _1d9\"> </span><span class=\"ls2 ws2\">(493)<span class=\"_ _d0\"> </span><span class=\"ff8 fc14\">3,371 <span class=\"_ _c0\"> </span></span>(166)<span class=\"_ _59\"> </span><span class=\"ff8 fc14 ls87 ws3b\">       (76<span class=\"_ _1\"/>)</span></span>Dividends received<span class=\"_ _23a\"> </span><span class=\"ls2 ws2\">(11,540)<span class=\"_ _58\"> </span><span class=\"ff8 fc14\">    (4,<span class=\"_ _6\"/>440)</span></span>-       (693)T<span class=\"_ _6\"/>ransfe<span class=\"_ _1\"/>r to asset held f<span class=\"_ _1\"/>or sale---    (5,445)Ot<span class=\"_ _1\"/>her <span class=\"_ _23b\"> </span>(1)<span class=\"_ _5a\"> </span><span class=\"ff8 fc14\">         (41)<span class=\"_ _24\"> </span></span> --At 31<span class=\"_ _6\"/> December<span class=\"_ _1f5\"> </span><span class=\"ls2 ws2\">43,164 <span class=\"_ _9\"> </span><span class=\"fc14\">43,640<span class=\"_ _e3\"> </span></span> 3,385 <span class=\"_ _13d\"> </span><span class=\"fc14\"> 2,726 </span></span>Since 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1 the Glo<span class=\"_ _1\"/>bal Marine G<span class=\"_ _1\"/>roup associate was pr<span class=\"_ _1\"/>esented as held f<span class=\"_ _1\"/>or sale, w<span class=\"_ _1\"/>ith a carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount as at 31 De<span class=\"_ _1\"/>cember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 of EUR 7,8<span class=\"_ _1\"/>52 t<span class=\"_ _1\"/>housand (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EU<span class=\"_ _1\"/>R 5<span class=\"_ _1\"/>,4<span class=\"_ _1\"/>4<span class=\"_ _1\"/>5 thousand<span class=\"_ _1\"/>). The G<span class=\"_ _1\"/>roup\u2019s share of profit fr<span class=\"_ _1\"/>om continuing oper<span class=\"_ _1\"/>ations amounte<span class=\"_ _1\"/>d to EU<span class=\"_ _1\"/>R 1,<span class=\"_ _1\"/>7<span class=\"_ _1\"/>31 thousan<span class=\"_ _1\"/>d (20<span class=\"_ _1\"/>21: EU<span class=\"_ _1\"/>R 1<span class=\"_ _1\"/>,41<span class=\"_ _1\"/>6 thousand<span class=\"_ _1\"/>) and a pr<span class=\"_ _1\"/>ofit of EU<span class=\"_ _1\"/>R 676 thousand (2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1: EU<span class=\"_ _1\"/>R 28<span class=\"_ _1\"/>6 thousand loss) was repor<span class=\"_ _1\"/>te<span class=\"_ _1\"/>d as other compreh<span class=\"_ _1\"/>ensive income relating to fo<span class=\"_ _1\"/>reign curren<span class=\"_ _1\"/>cy exchan<span class=\"_ _1\"/>ge diffe<span class=\"_ _1\"/>rences which is at<span class=\"_ _1\"/>tribute<span class=\"_ _1\"/>d to the carr<span class=\"_ _0\"/>ying amount classifie<span class=\"_ _1\"/>d as held f<span class=\"_ _1\"/>or sale (reference is made to <span class=\"fc14\">note 8<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2</span><span class=\"ls1d wsa9\">).</span>Non<span class=\"_ _1\"/>e of the group\u2019s equit<span class=\"_ _1\"/>y-acc<span class=\"_ _6\"/>ounted investe<span class=\"_ _1\"/>es are publicly listed e<span class=\"_ _1\"/>ntities and consequentl<span class=\"_ _1\"/>y they do no<span class=\"_ _1\"/>t have published price quot<span class=\"_ _1\"/>ations. T<span class=\"_ _1\"/>he group has no signifi<span class=\"_ _1\"/>cant commitment<span class=\"_ _1\"/>s to its jo<span class=\"_ _1\"/>int ventures and associates39. <span class=\"_ _295\"> </span><span class=\"ff5 fs6 ls1ef ws47\">S<span class=\"_ _6\"/>UBSIDIARIES AND<span class=\"_ _7\"/> INVESTM<span class=\"_ _1\"/>ENTS<span class=\"_ _6\"/> A<span class=\"_ _6\"/>CC<span class=\"_ _7\"/>OUNTE<span class=\"_ _1\"/>D<span class=\"_ _7\"/> FOR USING<span class=\"_ _7\"/> TH<span class=\"_ _1\"/>E<span class=\"_ _7\"/> EQU<span class=\"_ _1\"/>ITY<span class=\"_ _7\"/> </span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>METHOD OF<span class=\"_ _7\"/> FUG<span class=\"_ _1\"/>R<span class=\"_ _7\"/>O N.<span class=\"_ _7\"/>V<span class=\"_ _7\"/>.<span class=\"_ _7\"/> Unless st<span class=\"_ _1\"/>ated other<span class=\"_ _1\"/>wise<span class=\"_ _1\"/>, the direc<span class=\"_ _1\"/>t or indire<span class=\"_ _1\"/>ct interest of Fu<span class=\"_ _1\"/>gro in the subsidiaries listed Fugro G<span class=\"_ _1\"/>eote<span class=\"_ _1\"/>chnical S<span class=\"_ _1\"/>er<span class=\"_ _1\"/>vices L<span class=\"_ _1\"/>td.<span class=\"_ _3b\"> </span>Fo T<span class=\"_ _7\"/>an<span class=\"_ _1\"/>, Hon<span class=\"_ _1\"/>g Kongbel<span class=\"_ _1\"/>ow is 10<span class=\"_ _1\"/>0<span class=\"_ _1\"/>%<span class=\"_ _1\"/>. Insignificant<span class=\"_ _1\"/>, but consolidated<span class=\"_ _1\"/>, subsidiaries have not be<span class=\"_ _1\"/>en include<span class=\"_ _1\"/>d. Fugro Techni<span class=\"_ _1\"/>cal Ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices Ltd.<span class=\"_ _179\"> </span>T<span class=\"_ _7\"/>ue<span class=\"_ _1\"/>n Mun, H<span class=\"_ _1\"/>ong KongFor e<span class=\"_ _1\"/>ntities whe<span class=\"_ _1\"/>re the direc<span class=\"_ _1\"/>t or indire<span class=\"_ _1\"/>ct interest of Fu<span class=\"_ _1\"/>gro is less than 5<span class=\"_ _1\"/>0%<span class=\"_ _1\"/>, the G<span class=\"_ _1\"/>roup Fugro Geosciences<span class=\"_ _6\"/> Interna<span class=\"_ _6\"/>tional Ltd.<span class=\"_ _110\"> </span><span class=\"ls2 ws2\">Wanchai<span class=\"_ _1\"/>, Hong K<span class=\"_ _1\"/>ong</span>consolidates financ<span class=\"_ _1\"/>ial information of such enti<span class=\"_ _1\"/>ties based on t<span class=\"_ _1\"/>he definit<span class=\"_ _1\"/>ion of control.Fugro (<span class=\"_ _1\"/>Hon<span class=\"_ _1\"/>g Kong<span class=\"_ _1\"/>) Ltd.<span class=\"_ _2b0\"> </span>Wanchai<span class=\"_ _1\"/>, Hong K<span class=\"_ _1\"/>ongFugro H<span class=\"_ _1\"/>oldings (<span class=\"_ _1\"/>Hon<span class=\"_ _1\"/>g Kong) L<span class=\"_ _1\"/>td.<span class=\"_ _2b1\"> </span>Wanchai<span class=\"_ _1\"/>, Hong K<span class=\"_ _1\"/>ongThe subsidiaries liste<span class=\"_ _1\"/>d belo<span class=\"_ _1\"/>w have been f<span class=\"_ _1\"/>ully incorpo<span class=\"_ _1\"/>rated into the consoli<span class=\"_ _1\"/>dated financial Fugro S<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>vey (In<span class=\"_ _1\"/>dia) Private L<span class=\"_ _1\"/>imited<span class=\"_ _98\"> </span>Navi M<span class=\"_ _1\"/>umbai, In<span class=\"_ _1\"/>diastatem<span class=\"_ _1\"/>ents of Fugro<span class=\"_ _1\"/>, unless indicated oth<span class=\"_ _1\"/>er<span class=\"_ _1\"/>wise.Fugro G<span class=\"_ _1\"/>eote<span class=\"_ _1\"/>ch (I<span class=\"_ _1\"/>ndia) Priv<span class=\"_ _1\"/>ate Limite<span class=\"_ _1\"/>d<span class=\"_ _1fe\"> </span>N<span class=\"_ _1\"/>avi Mumbai<span class=\"_ _1\"/>, IndiaPT Fugro Indonesia<span class=\"_ _2b2\"> </span><span class=\"ls1c8 ws1cd\">80%<span class=\"_ _c0\"> </span><span class=\"ls78 ws7d\">Jakar<span class=\"_ _1\"/>ta Selatan<span class=\"_ _1\"/>, Indonesia</span></span>The infor<span class=\"_ _1\"/>mation as require<span class=\"_ _1\"/>d by sec<span class=\"_ _1\"/>tions 2<span class=\"_ _1\"/>:3<span class=\"_ _1\"/>79 and 2<span class=\"_ _1\"/>:41<span class=\"_ _1\"/>4 of the Dutch Ci<span class=\"_ _1\"/>vil Code has be<span class=\"_ _1\"/>en Fug<span class=\"_ _1\"/>ro-<span class=\"_ _1\"/>E<span class=\"_ _1\"/>T<span class=\"_ _1\"/>W L<span class=\"_ _1\"/>LC<span class=\"_ _51\"> </span><span class=\"ls1c8 ws1cd\">50%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls43 ws4b\">Basra, Iraq</span>file<span class=\"_ _1\"/>d at the tr<span class=\"_ _1\"/>ade regist<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y of the Chambe<span class=\"_ _1\"/>r of Commerce in The H<span class=\"_ _1\"/>ague.Fugro I<span class=\"_ _1\"/>taly S<span class=\"_ _1\"/>.p.<span class=\"_ _0\"/>A<span class=\"_ _1\"/>.<span class=\"_ _2b3\"> </span><span class=\"ls43 ws4b\">Rome, Italy</span>Fugro J<span class=\"_ _1\"/>apan Co.<span class=\"_ _1\"/>, Ltd.<span class=\"_ _2b4\"> </span><span class=\"ls78 ws7d\">T<span class=\"_ _6\"/>ok<span class=\"_ _1\"/>yo, Japan</span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>Bulan Se<span class=\"_ _1\"/>latan Sdn B<span class=\"_ _1\"/>hd<span class=\"_ _3c\"> </span><span class=\"ls39 ws216\">49%<span class=\"_ _c0\"> </span></span>Kual<span class=\"_ _1\"/>a Lumpur, MalaysiaFugro M<span class=\"_ _1\"/>alaysia Mar<span class=\"_ _1\"/>ine Sdn Bh<span class=\"_ _1\"/>d<span class=\"_ _2b5\"> </span><span class=\"ls1c8 ws1cd\">30%<span class=\"_ _c0\"> </span></span>Kuala L<span class=\"_ _1\"/>umpur, MalaysiaFugro A<span class=\"_ _1\"/>ustra<span class=\"_ _1\"/>lia Lan<span class=\"_ _1\"/>d Pt<span class=\"_ _1\"/>y L<span class=\"_ _1\"/>td.<span class=\"_ _179\"> </span><span class=\"ls67 ws6b\">Perth, A<span class=\"_ _1\"/>ustralia</span>Fugro M<span class=\"_ _1\"/>auritius L<span class=\"_ _1\"/>td.<span class=\"_ _2ab\"> </span>Q<span class=\"_ _1\"/>uatre B<span class=\"_ _1\"/>orne<span class=\"_ _1\"/>s, Maur<span class=\"_ _1\"/>itiusFugro H<span class=\"_ _1\"/>oldings (<span class=\"_ _1\"/>Austr<span class=\"_ _1\"/>alia) Pt<span class=\"_ _1\"/>y L<span class=\"_ _1\"/>td.<span class=\"_ _80\"> </span><span class=\"ls67 ws6b\">Per<span class=\"_ _1\"/>th, Austr<span class=\"_ _1\"/>ali<span class=\"_ _6\"/>a</span>Fugro M<span class=\"_ _1\"/>exico S<span class=\"_ _1\"/>.<span class=\"_ _1\"/>A<span class=\"_ _1\"/>. de C<span class=\"_ _1\"/>.V.<span class=\"_ _52\"> </span>Ciud<span class=\"_ _1\"/>ad Del C<span class=\"_ _1\"/>arme<span class=\"_ _1\"/>n, Camp<span class=\"_ _1\"/>ech<span class=\"_ _1\"/>e, Fugro A<span class=\"_ _1\"/>ustra<span class=\"_ _1\"/>lia Marine P<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y Ltd<span class=\"_ _1\"/>.<span class=\"_ _256\"> </span><span class=\"ls67 ws6b\">Per<span class=\"_ _1\"/>th, Austr<span class=\"_ _1\"/>ali<span class=\"_ _6\"/>a</span>Me<span class=\"_ _1\"/>xicoFugro E<span class=\"_ _1\"/>xpl<span class=\"_ _1\"/>orat<span class=\"_ _1\"/>ion P<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y Ltd.<span class=\"_ _2ac\"> </span><span class=\"ls67 ws6b\">Per<span class=\"_ _1\"/>th, Australia</span>Fugro H<span class=\"_ _1\"/>oldings (<span class=\"_ _1\"/>NZ<span class=\"_ _1\"/>) Ltd<span class=\"_ _1\"/>.<span class=\"_ _8f\"> </span><span class=\"ls43 ws4b\">N<span class=\"_ _1\"/>ew Plymouth, New Zeal<span class=\"_ _6\"/>and</span>SOC<span class=\"_ _1\"/>AR-Fugro L<span class=\"_ _1\"/>LC<span class=\"_ _7e\"> </span><span class=\"ls39 ws216\">49%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls78 ws7d\">Baku<span class=\"_ _1\"/>, Azerbaijan</span>Fugro N<span class=\"_ _1\"/>ew Ze<span class=\"_ _1\"/>aland Ltd.<span class=\"_ _29a\"> </span><span class=\"ls43 ws4b\">New Plymouth, New Zeal<span class=\"_ _6\"/>and</span>Fugro I<span class=\"_ _1\"/>n Situ G<span class=\"_ _1\"/>eotecn<span class=\"_ _1\"/>ia Ltda.<span class=\"_ _238\"> </span><span class=\"ls7a ws7f\">P<span class=\"_ _1\"/>inhais, Br<span class=\"_ _1\"/>azil</span>Fugro N<span class=\"_ _1\"/>or<span class=\"_ _1\"/>way A<span class=\"_ _1\"/>S<span class=\"_ _1e0\"> </span><span class=\"ls4c ws53\">Oslo, Nor<span class=\"_ _1\"/>way</span>Fugro B<span class=\"_ _1\"/>rasil Le<span class=\"_ _1\"/>vantam<span class=\"_ _1\"/>entos Ltda.<span class=\"_ _249\"> </span>R<span class=\"_ _1\"/>io de Jan<span class=\"_ _1\"/>eiro, B<span class=\"_ _1\"/>razilFugr<span class=\"_ _1\"/>o Philippin<span class=\"_ _1\"/>es Inc.<span class=\"_ _1\"/> <span class=\"_ _2b6\"> </span>Manila<span class=\"_ _1\"/>, Philipp<span class=\"_ _1\"/>inesFugro H<span class=\"_ _1\"/>olding B<span class=\"_ _1\"/>elgium N<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _24c\"> </span><span class=\"ls43 ws4b\">Louvain<span class=\"_ _6\"/> la Neuve, Belgiu<span class=\"_ _6\"/>m</span>Fugro P<span class=\"_ _1\"/>eninsular Ser<span class=\"_ _1\"/>vi<span class=\"_ _1\"/>ces Co. W.L<span class=\"_ _1\"/>.<span class=\"_ _1\"/>L<span class=\"_ _1\"/>.<span class=\"_ _12a\"> </span><span class=\"ls39 ws216\">49%<span class=\"_ _c0\"> </span></span>Do<span class=\"_ _1\"/>ha, Qat<span class=\"_ _1\"/>arFugro C<span class=\"_ _1\"/>anada<span class=\"_ _1\"/>, Corp.<span class=\"_ _2ad\"> </span><span class=\"ls1fa ws206\">St. J<span class=\"_ _1\"/>ohn\u2019s, Canada</span>Fugro<span class=\"_ _1\"/>-Suhaimi Ltd.<span class=\"_ _a5\"> </span><span class=\"ls1c8 ws1cd\">5<span class=\"_ _1\"/>0%<span class=\"_ _c0\"> </span><span class=\"ls78 ws7d\">Dammam<span class=\"_ _1\"/>, Saudi Arabia</span></span>Fugro C<span class=\"_ _1\"/>hile S.<span class=\"_ _0\"/>A<span class=\"_ _1\"/>.<span class=\"_ _115\"> </span><span class=\"ls78 ws7d\">Santiago, Chile</span>Easter<span class=\"_ _1\"/>n Suppor<span class=\"_ _1\"/>te<span class=\"_ _1\"/>r Pte L<span class=\"_ _1\"/>td <span class=\"_ _9d\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>China Offshore Fugro<span class=\"_ _6\"/> GeoSolutions (Shen<span class=\"_ _6\"/>zhen<span class=\"_ _6\"/>) 50%*<span class=\"_ _39\"> </span><span class=\"fs6 ls2b ws33\">Shekou, Shen<span class=\"_ _7\"/>zhen, China</span>Fugro M<span class=\"_ _1\"/>arine Pe<span class=\"_ _1\"/>rsonn<span class=\"_ _1\"/>el P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _ad\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Co. Ltd<span class=\"_ _1\"/>.Fugro S<span class=\"_ _1\"/>ingapor<span class=\"_ _1\"/>e Marine P<span class=\"_ _1\"/>te L<span class=\"_ _1\"/>td<span class=\"_ _77\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro O<span class=\"_ _1\"/>ff<span class=\"_ _1\"/>shore Sur<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>y (Shenzhen) Co. Ltd<span class=\"_ _1\"/>.<span class=\"_ _4b\"> </span><span class=\"ls2b ws33\">Shen<span class=\"_ _7\"/>zhen, China</span>Fugro S<span class=\"_ _1\"/>atellite Positio<span class=\"_ _1\"/>ning P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _25e\"> </span><span class=\"ls1e5 ws1eb\">Singa<span class=\"_ _6\"/>pore, Singapore</span>Fugro P<span class=\"_ _1\"/>acif<span class=\"_ _1\"/>ica Qinhua<span class=\"_ _1\"/>ngdao Co. L<span class=\"_ _1\"/>td.<span class=\"_ _110\"> </span><span class=\"ls1fa ws206\">Qinhuang<span class=\"_ _1\"/>dao, China</span>Fugro P<span class=\"_ _1\"/>rope<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ies P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _8f\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro Techni<span class=\"_ _1\"/>cal Ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices (Guangzhou) Ltd.<span class=\"_ _54\"> </span><span class=\"ls7a ws7f\">G<span class=\"_ _1\"/>uangzhou<span class=\"_ _1\"/>, China</span>Sout<span class=\"_ _1\"/>hern E<span class=\"_ _1\"/>volutio<span class=\"_ _1\"/>n Pte L<span class=\"_ _1\"/>td.<span class=\"_ _4f\"> </span><span class=\"ls1e5 ws1eb\">Singapore<span class=\"_ _1\"/>, Si<span class=\"_ _6\"/>ngapore</span>Fugro Co<span class=\"_ _1\"/>nsultants Inte<span class=\"_ _1\"/>rnatio<span class=\"_ _1\"/>nal N.V.<span class=\"_ _23c\"> </span>W<span class=\"_ _1\"/>illemsta<span class=\"_ _1\"/>d, Cura<span class=\"_ _1\"/>\u00e7aoEaster<span class=\"_ _1\"/>n Marine<span class=\"_ _1\"/>r Pt<span class=\"_ _1\"/>e Ltd.<span class=\"_ _53\"> </span><span class=\"ls1e5 ws1eb\">Si<span class=\"_ _6\"/>ngapore, Singapore</span>Fugro Financial I<span class=\"_ _1\"/>nternational N<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _95\"> </span><span class=\"ls2 ws2\">W<span class=\"_ _1\"/>illemsta<span class=\"_ _1\"/>d, Cura<span class=\"_ _1\"/>\u00e7ao</span>Easter<span class=\"_ _1\"/>n Equator P<span class=\"_ _1\"/>te Ltd<span class=\"_ _1\"/>.<span class=\"_ _123\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro M<span class=\"_ _1\"/>arine Sur<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>y Int. L<span class=\"_ _1\"/>td. Egy<span class=\"_ _1\"/>pt<span class=\"_ _cd\"> </span><span class=\"ls2b ws33\">Cairo,<span class=\"_ _6\"/> Egypt</span>Fugro S<span class=\"_ _1\"/>ingapor<span class=\"_ _1\"/>e Lan<span class=\"_ _1\"/>d Pte L<span class=\"_ _1\"/>td.<span class=\"_ _2b7\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro S<span class=\"_ _1\"/>.<span class=\"_ _1\"/>A<span class=\"_ _1\"/>.<span class=\"_ _1\"/>E<span class=\"_ _1\"/>.<span class=\"_ _53\"> </span>-<span class=\"_ _231\"> </span><span class=\"ls2b ws33\">Cairo, Egypt</span>Fugro S<span class=\"_ _1\"/>ubsea T<span class=\"_ _6\"/>echn<span class=\"_ _1\"/>ologi<span class=\"_ _1\"/>es P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _98\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro G<span class=\"_ _1\"/>eoi<span class=\"_ _1\"/>d S.<span class=\"_ _1\"/>A<span class=\"_ _0\"/>.<span class=\"_ _1\"/>S.<span class=\"_ _2ae\"> </span><span class=\"ls78 ws7d\">Castr<span class=\"_ _1\"/>ies, Fran<span class=\"_ _1\"/>ce</span>Fugro S<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>vey Afr<span class=\"_ _1\"/>ica (P<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y) Ltd.<span class=\"_ _fe\"> </span>Ca<span class=\"_ _1\"/>pe T<span class=\"_ _6\"/>own<span class=\"_ _1\"/>, South A<span class=\"_ _1\"/>fric<span class=\"_ _1\"/>aFugro H<span class=\"_ _1\"/>olding Fr<span class=\"_ _1\"/>ance S<span class=\"_ _1\"/>.<span class=\"_ _1\"/>A<span class=\"_ _1\"/>.<span class=\"_ _1\"/>S.<span class=\"_ _1ff\"> </span><span class=\"ls78 ws7d\">Nanterre, Fr<span class=\"_ _1\"/>ance</span>Fugro G<span class=\"_ _1\"/>eo<span class=\"_ _1\"/>detic AG<span class=\"_ _2ae\"> </span><span class=\"ls28 ws30\">Zug<span class=\"_ _1\"/>, Switzerland</span>Fugro G<span class=\"_ _1\"/>ermany L<span class=\"_ _1\"/>and GmbH<span class=\"_ _179\"> </span><span class=\"ls7a ws7f\">Berlin<span class=\"_ _1\"/>, Ge<span class=\"_ _1\"/>rmany</span>Fugro I<span class=\"_ _1\"/>OV<span class=\"_ _1\"/>T<span class=\"_ _1\"/>EC Co. L<span class=\"_ _1\"/>td.<span class=\"_ _81\"> </span><span class=\"ls39 ws216\">49%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls78 ws7d\">T<span class=\"_ _6\"/>aipei Cit<span class=\"_ _1\"/>y, T<span class=\"_ _7\"/>aiw<span class=\"_ _1\"/>an</span>Fugro G<span class=\"_ _1\"/>ermany Marine G<span class=\"_ _1\"/>mbH<span class=\"_ _256\"> </span><span class=\"ls4c ws53\">Bremen, G<span class=\"_ _1\"/>ermany</span>Agun<span class=\"_ _1\"/>g Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _257\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherland<span class=\"_ _7\"/>s</span>Fugro G<span class=\"_ _1\"/>hana Limi<span class=\"_ _1\"/>ted <span class=\"_ _2af\"> </span><span class=\"ls1c8 ws1cd\">90%<span class=\"_ _c0\"> </span><span class=\"ls1fa ws206\">Accra<span class=\"_ _1\"/>, Ghana</span></span>Kik<span class=\"_ _1\"/>a Shipping<span class=\"_ _1\"/> B.V<span class=\"_ _6\"/>.<span class=\"_ _2b8\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>Kilima<span class=\"_ _1\"/>njaro Shippin<span class=\"_ _1\"/>g B.V.<span class=\"_ _27f\"> </span><span class=\"ls43 ws4b\">Leidschenda<span class=\"_ _6\"/>m, The Netherlands</span>Fugro En<span class=\"_ _6\"/>terprise, Inc.<span class=\"_ _1f9\"> </span><span class=\"ls2 ws2\">H<span class=\"_ _1\"/>ouston<span class=\"_ _1\"/>, United St<span class=\"_ _1\"/>ates</span>Fugro N<span class=\"_ _1\"/>L Ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices B.V.<span class=\"_ _1d0\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Fugro (<span class=\"_ _1\"/>USA<span class=\"_ _1\"/>) Hol<span class=\"_ _1\"/>dings, In<span class=\"_ _1\"/>c.<span class=\"_ _9d\"> </span>Houston<span class=\"_ _1\"/>, Unite<span class=\"_ _1\"/>d StatesKat<span class=\"_ _1\"/>la Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _1b3\"> </span><span class=\"ls43 ws4b\">Leidschenda<span class=\"_ _6\"/>m, The Netherlands</span>Fugro U<span class=\"_ _1\"/>SA Mar<span class=\"_ _1\"/>ine, Inc<span class=\"_ _1\"/>.<span class=\"_ _1cd\"> </span>L<span class=\"_ _1\"/>af<span class=\"_ _1\"/>ayett<span class=\"_ _1\"/>e, Unite<span class=\"_ _1\"/>d StatesAlutan Ship<span class=\"_ _1\"/>ping B.V<span class=\"_ _7\"/>.<span class=\"_ _239\"> </span><span class=\"ls43 ws4b\">Leidschendam, The<span class=\"_ _6\"/> Netherlands</span>*Jo<span class=\"_ _1\"/>int arr<span class=\"_ _1\"/>ang<span class=\"_ _1\"/>eme<span class=\"_ _1\"/>nts cl<span class=\"_ _1\"/>assif<span class=\"_ _1\"/>ied as j<span class=\"_ _1\"/>oint v<span class=\"_ _1\"/>entur<span class=\"_ _1\"/>es or ass<span class=\"_ _1\"/>ocia<span class=\"_ _1\"/>tes tha<span class=\"_ _1\"/>t are e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y-acco<span class=\"_ _1\"/>unted<span class=\"_ _1\"/>.Erebus Shippi<span class=\"_ _6\"/>ng B.V<span class=\"_ _7\"/>.<span class=\"_ _45\"> </span><span class=\"ls43 ws4b\">Leids<span class=\"_ _6\"/>chendam, The Netherland<span class=\"_ _6\"/>s</span>Fos<span class=\"_ _1\"/>ter Shipp<span class=\"_ _1\"/>ing B.V.<span class=\"_ _fb\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Mayo<span class=\"_ _1\"/>n Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _2ad\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherland<span class=\"_ _6\"/>s</span>T<span class=\"_ _7\"/>ar<span class=\"_ _1\"/>anaki Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _1d0\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>T<span class=\"_ _6\"/>ongar<span class=\"_ _1\"/>iro Shipp<span class=\"_ _1\"/>ing B.V.<span class=\"_ _176\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Ar<span class=\"_ _1\"/>juna Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _255\"> </span><span class=\"ls43 ws4b\">L<span class=\"_ _1\"/>eidsc<span class=\"_ _6\"/>hendam, The Netherland<span class=\"_ _6\"/>s</span>Fugro S<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>vey B.V.<span class=\"_ _2b9\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Fugro N<span class=\"_ _1\"/>L L<span class=\"_ _1\"/>and B<span class=\"_ _1\"/>.<span class=\"_ _6\"/>V<span class=\"_ _6\"/>.<span class=\"_ _1b3\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Fugro Nederland B.V<span class=\"_ _7\"/>.<span class=\"_ _2ba\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Fugro I<span class=\"_ _1\"/>nnovati<span class=\"_ _1\"/>on &amp; Technolo<span class=\"_ _1\"/>gy B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _1a8\"> </span><span class=\"ls43 ws4b\">Leidschendam, The<span class=\"_ _6\"/> Netherlands</span>Fugro M<span class=\"_ _1\"/>arine S<span class=\"_ _1\"/>er<span class=\"_ _1\"/>vices B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _9d\"> </span><span class=\"ls43 ws4b\">L<span class=\"_ _1\"/>eids<span class=\"_ _6\"/>chendam, The Netherland<span class=\"_ _6\"/>s</span>Fugro F<span class=\"_ _1\"/>inancial Reso<span class=\"_ _1\"/>urces B.V<span class=\"_ _6\"/>.<span class=\"_ _d6\"> </span><span class=\"ls43 ws4b\">Leids<span class=\"_ _6\"/>chendam, The Netherland<span class=\"_ _6\"/>s</span>Fugro Vastg<span class=\"_ _1\"/>oed B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _2bb\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Scener<span class=\"_ _1\"/>y Sh<span class=\"_ _6\"/>ipping B.<span class=\"_ _6\"/>V<span class=\"_ _7\"/>.<span class=\"_ _227\"> </span><span class=\"ls43 ws4b\">Leidschenda<span class=\"_ _6\"/>m, The Netherlands</span>Semeru Shipping<span class=\"_ _6\"/> B.V<span class=\"_ _7\"/>.<span class=\"_ _227\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherlands</span>Seabed<span class=\"_ _7\"/> Geosolu<span class=\"_ _6\"/>tion<span class=\"_ _7\"/>s B.V<span class=\"_ _7\"/>.<span class=\"_ _2ac\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Wavew<span class=\"_ _1\"/>alker B.V.<span class=\"_ _4f\"> </span><span class=\"ls1c8 ws1cd\">50%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls43 ws4b\">Leidschendam, The Netherland<span class=\"_ _7\"/>s</span>Bosav<span class=\"_ _1\"/>i Shippin<span class=\"_ _1\"/>g B.V.<span class=\"_ _239\"> </span><span class=\"ls2 ws2\">No<span class=\"_ _1\"/>otdorp, T<span class=\"_ _1\"/>he Ne<span class=\"_ _1\"/>therla<span class=\"_ _1\"/>nds</span>Hast<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>da Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _6\"/>.<span class=\"_ _299\"> </span><span class=\"ls2 ws2\">N<span class=\"_ _1\"/>ootdor<span class=\"_ _1\"/>p, The N<span class=\"_ _1\"/>ether<span class=\"_ _1\"/>lands</span>Fugro N<span class=\"_ _1\"/>ethe<span class=\"_ _1\"/>rlands Mar<span class=\"_ _1\"/>ine B<span class=\"_ _1\"/>.<span class=\"_ _6\"/>V<span class=\"_ _6\"/>.<span class=\"_ _c2\"> </span>No<span class=\"_ _1\"/>otdorp, T<span class=\"_ _1\"/>he Net<span class=\"_ _1\"/>herlan<span class=\"_ _1\"/>dsFugro Trinidad L<span class=\"_ _1\"/>td.<span class=\"_ _1fc\"> </span><span class=\"ls7a ws7f\">Por<span class=\"_ _1\"/>t of Spain<span class=\"_ _1\"/>, T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>inidad</span>Fugro M<span class=\"_ _1\"/>iddle East<span class=\"_ _af\"> </span><span class=\"ls39 ws216\">49%<span class=\"_ _c0\"> </span></span>D<span class=\"_ _1\"/>ubai, Unit<span class=\"_ _1\"/>ed Ar<span class=\"_ _1\"/>ab Emir<span class=\"_ _1\"/>atesFugro G<span class=\"_ _1\"/>B (N<span class=\"_ _1\"/>or<span class=\"_ _1\"/>th) Marine L<span class=\"_ _1\"/>imite<span class=\"_ _1\"/>d<span class=\"_ _2bc\"> </span><span class=\"ls4c ws53\">Aberdeen<span class=\"_ _1\"/>, Unit<span class=\"_ _6\"/>ed Kingdom</span>Fugro Ge<span class=\"_ _1\"/>oSer<span class=\"_ _1\"/>vices Limite<span class=\"_ _1\"/>d<span class=\"_ _51\"> </span><span class=\"ls78 ws7d\">Falmouth<span class=\"_ _1\"/>, United King<span class=\"_ _1\"/>dom</span>Hush Cr<span class=\"_ _1\"/>aft L<span class=\"_ _1\"/>td<span class=\"_ _22b\"> </span><span class=\"ls39 ws216\">49%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls7a ws7f\">Suf<span class=\"_ _1\"/>folk<span class=\"_ _1\"/>, Unite<span class=\"_ _1\"/>d Kin<span class=\"_ _1\"/>gdom</span>Fugro H<span class=\"_ _1\"/>oldings L<span class=\"_ _1\"/>imited<span class=\"_ _176\"> </span><span class=\"ls7a ws7f\">Wallingfor<span class=\"_ _1\"/>d, Unite<span class=\"_ _1\"/>d Kin<span class=\"_ _1\"/>gdom</span>Fugro G<span class=\"_ _1\"/>B Mar<span class=\"_ _1\"/>ine Limite<span class=\"_ _1\"/>d<span class=\"_ _27f\"> </span><span class=\"ls7a ws7f\">Wallingfo<span class=\"_ _1\"/>rd, Unite<span class=\"_ _1\"/>d Kin<span class=\"_ _1\"/>gdom</span>Fugro Properties Limited<span class=\"_ _8f\"> </span><span class=\"ls7a ws7f\">Walling<span class=\"_ _1\"/>ford, U<span class=\"_ _1\"/>nited K<span class=\"_ _1\"/>ingd<span class=\"_ _1\"/>om</span>Glo<span class=\"_ _1\"/>bal Marin<span class=\"_ _1\"/>e Hol<span class=\"_ _1\"/>dings LLC<span class=\"_ _ec\"> </span><span class=\"ls202 ws20e\">2<span class=\"_ _1\"/>3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>6%</span>*<span class=\"_ _47\"> </span><span class=\"fs6\">De<span class=\"_ _1\"/>laware<span class=\"_ _1\"/>, United St<span class=\"_ _1\"/>ates</span>Fugr<span class=\"_ _1\"/>o Brasilis<span class=\"_ _1\"/>, Inc.<span class=\"_ _1d1\"> </span><span class=\"ls2 ws2\">H<span class=\"_ _1\"/>ouston<span class=\"_ _1\"/>, Unite<span class=\"_ _1\"/>d States</span>Fugro G<span class=\"_ _1\"/>ulf, Inc.<span class=\"_ _2bd\"> </span>Hous<span class=\"_ _1\"/>ton, Uni<span class=\"_ _1\"/>ted StatesFugro Sy<span class=\"_ _1\"/>nerg<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, Inc<span class=\"_ _1\"/>.<span class=\"_ _109\"> </span>Ho<span class=\"_ _1\"/>uston, Un<span class=\"_ _1\"/>ited StatesFugro USA Land, Inc.<span class=\"_ _2b4\"> </span><span class=\"ls2 ws2\">Houston<span class=\"_ _1\"/>, United St<span class=\"_ _1\"/>ates</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-122-5": {
   "value": "2<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls1ef ws47\">INVESTMENTS IN<span class=\"_ _7\"/> EQU<span class=\"_ _1\"/>ITY<span class=\"_\"> </span>A<span class=\"_ _7\"/>CC<span class=\"_ _7\"/>OUNTE<span class=\"_ _1\"/>D<span class=\"_ _6\"/> INVESTEES</span>The G<span class=\"_ _1\"/>roup\u2019s interests in equit<span class=\"_ _1\"/>y-accounted investees compr<span class=\"_ _1\"/>ise interests in joint ventur<span class=\"_ _1\"/>es and associates<span class=\"_ _1\"/>. A joint venture is an arr<span class=\"_ _1\"/>angeme<span class=\"_ _1\"/>nt in which the Gro<span class=\"_ _1\"/>up has joint control, where<span class=\"_ _1\"/>by the Gro<span class=\"_ _1\"/>up has rights to th<span class=\"_ _1\"/>e net assets of the ar<span class=\"_ _1\"/>rang<span class=\"_ _1\"/>ement<span class=\"_ _1\"/>, rather t<span class=\"_ _1\"/>han rights toits asset<span class=\"_ _1\"/>s and obligati<span class=\"_ _1\"/>ons for its liabilit<span class=\"_ _1\"/>ies. A<span class=\"_ _1\"/>ssociates are all entit<span class=\"_ _1\"/>ies over which t<span class=\"_ _1\"/>he group has signific<span class=\"_ _1\"/>ant influence but not contr<span class=\"_ _1\"/>ol or joint control<span class=\"_ _1\"/>. This is gener<span class=\"_ _1\"/>ally the case where t<span class=\"_ _1\"/>he group hol<span class=\"_ _1\"/>ds bet<span class=\"_ _1\"/>ween 2<span class=\"_ _1\"/>0% and 5<span class=\"_ _1\"/>0% of th<span class=\"_ _1\"/>e voting right<span class=\"_ _1\"/>s.Investme<span class=\"_ _1\"/>nts in equit<span class=\"_ _1\"/>y-accounted investees are accounted for using th<span class=\"_ _1\"/>e equit<span class=\"_ _1\"/>y metho<span class=\"_ _1\"/>d. Unde<span class=\"_ _1\"/>r the equit<span class=\"_ _1\"/>y meth<span class=\"_ _1\"/>od of accounting, th<span class=\"_ _1\"/>e investments ar<span class=\"_ _1\"/>e initially recog<span class=\"_ _1\"/>nised at cost and adjusted t<span class=\"_ _1\"/>hereaf<span class=\"_ _1\"/>ter to reco<span class=\"_ _1\"/>gnise the group\u2019s share of the pos<span class=\"_ _1\"/>t<span class=\"_ _7\"/>-acquisition prof<span class=\"_ _1\"/>its or losses of the investe<span class=\"_ _1\"/>e in profit or l<span class=\"_ _1\"/>oss, and the gr<span class=\"_ _1\"/>oup\u2019s s<span class=\"_ _6\"/>hare of moveme<span class=\"_ _1\"/>nts in other comprehen<span class=\"_ _6\"/>sive<span class=\"_ _6\"/> income<span class=\"_ _6\"/> of the i<span class=\"_ _6\"/>nvest<span class=\"_ _6\"/>ee in other c<span class=\"_ _7\"/>omprehensive inc<span class=\"_ _7\"/>ome. D<span class=\"_ _1\"/>ividends<span class=\"_ _6\"/> receive<span class=\"_ _1\"/>d or recei<span class=\"_ _1\"/>vable fr<span class=\"_ _1\"/>om associates and joint ventur<span class=\"_ _1\"/>es are recognise<span class=\"_ _1\"/>d as a reduc<span class=\"_ _1\"/>tion in the car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amount of the invest<span class=\"_ _1\"/>ment. U<span class=\"_ _1\"/>nrealised gains on tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>ons bet<span class=\"_ _1\"/>ween t<span class=\"_ _1\"/>heGroup an<span class=\"_ _1\"/>d its associates and j<span class=\"_ _1\"/>oint ventures are eliminated to th<span class=\"_ _1\"/>e ex<span class=\"_ _1\"/>tent of the group\u2019s interest in these e<span class=\"_ _1\"/>ntities. U<span class=\"_ _1\"/>nrealised losses are also eliminate<span class=\"_ _1\"/>d unless the tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>on provid<span class=\"_ _1\"/>es eviden<span class=\"_ _1\"/>ce of an impairment of the asset tr<span class=\"_ _1\"/>ansferred<span class=\"_ _1\"/>. Accounting polic<span class=\"_ _1\"/>ies of equit<span class=\"_ _1\"/>y-accounted investees have be<span class=\"_ _1\"/>en changed w<span class=\"_ _1\"/>here ne<span class=\"_ _1\"/>cessar<span class=\"_ _1\"/>y to ensure cons<span class=\"_ _6\"/>istenc<span class=\"_ _1\"/>y with th<span class=\"_ _1\"/>e policies a<span class=\"_ _1\"/>dopted by th<span class=\"_ _1\"/>e Group. W<span class=\"_ _1\"/>hen th<span class=\"_ _1\"/>e Group\u2019s share of losses in an equit<span class=\"_ _1\"/>y-accounted investment e<span class=\"_ _1\"/>quals or exceeds it<span class=\"_ _1\"/>s interest in the entit<span class=\"_ _1\"/>y, including any othe<span class=\"_ _1\"/>r unsecure<span class=\"_ _1\"/>d long-term recei<span class=\"_ _1\"/>vables that f<span class=\"_ _1\"/>orm par<span class=\"_ _1\"/>t of the ent<span class=\"_ _1\"/>ity<span class=\"_ _1\"/>\u2019s net investment<span class=\"_ _1\"/>, the group do<span class=\"_ _1\"/>es not recognise f<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>ther losses<span class=\"_ _1\"/>, unless it has incurred o<span class=\"_ _1\"/>bligations or made payme<span class=\"_ _1\"/>nts on be<span class=\"_ _1\"/>half of the other ent<span class=\"_ _1\"/>ity. The c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt of equit<span class=\"_ _1\"/>y-<span class=\"_ _6\"/>accounted investment<span class=\"_ _1\"/>s is tested for impair<span class=\"_ _1\"/>ment.Fugro has a call opt<span class=\"_ _1\"/>ion to acquire the remaining shares of S<span class=\"_ _1\"/>ea-Kit I<span class=\"_ _1\"/>nternational L<span class=\"_ _1\"/>imited (<span class=\"_ _6\"/>an individuall<span class=\"_ _1\"/>y immaterial associate) from its j<span class=\"_ _1\"/>oint venture par<span class=\"_ _1\"/>tner b<span class=\"_ _1\"/>et<span class=\"_ _1\"/>ween 1<span class=\"_ _1\"/>3 Feb<span class=\"_ _1\"/>ruar<span class=\"_ _1\"/>y 20<span class=\"_ _1\"/>24 and 3<span class=\"_ _1\"/>0 June 2<span class=\"_ _1\"/>024 (which per<span class=\"_ _1\"/>iod may be d<span class=\"_ _1\"/>eferre<span class=\"_ _1\"/>d by one year by t<span class=\"_ _1\"/>he joint venture par<span class=\"_ _1\"/>tner). Th<span class=\"_ _1\"/>e exercise pri<span class=\"_ _1\"/>ce i<span class=\"_ _6\"/>s the est<span class=\"_ _1\"/>imated fair valu<span class=\"_ _1\"/>e at that point in time. T<span class=\"_ _1\"/>he joint venture par<span class=\"_ _1\"/>tn<span class=\"_ _1\"/>er has a put option to se<span class=\"_ _1\"/>ll the remaining shares to Fugr<span class=\"_ _1\"/>o under substantially the sam<span class=\"_ _1\"/>e conditions as the call opt<span class=\"_ _1\"/>ion which is capp<span class=\"_ _1\"/>ed at a fi<span class=\"_ _1\"/>xed amount<span class=\"_ _1\"/>.The m<span class=\"_ _1\"/>ovement in the car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amount<span class=\"_ _1\"/>s of associates and joint venture<span class=\"_ _1\"/>s are presented as follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1da\"> </span><span class=\"ff2 fs36 ls1b5 ws1b9\">Joint<span class=\"_ _6\"/> ventures<span class=\"_ _12a\"> </span><span class=\"ls19e ws19e\">Asso<span class=\"_ _1\"/>ciates</span></span> <span class=\"_ _63\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _d0\"> </span></span>2<span class=\"_ _1\"/>022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>At Ja<span class=\"_ _1\"/>nuar<span class=\"_ _1\"/>y 1<span class=\"_ _239\"> </span><span class=\"ff4 fs6 ls2\">43,640<span class=\"_ _a0\"> </span><span class=\"ff8 fc14\">28,152 <span class=\"_ _17c\"> </span></span>2,726<span class=\"_ _d0\"> </span><span class=\"ff8 fc14\">8,062 </span></span>Share of pr<span class=\"_ _1\"/>ofit<span class=\"_ _1\"/>/ (<span class=\"_ _1\"/>loss) <span class=\"_ _fe\"> </span>11,55<span class=\"_ _1\"/>8<span class=\"_ _e5\"> </span><span class=\"ff8 fc14\">16,598 <span class=\"_ _65\"> </span></span><span class=\"ls43 ws4b\">236<span class=\"_ _6e\"> </span></span><span class=\"ff8 fc14\">878 </span>Capital increase/(decrease<span class=\"_ _7\"/>)-<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">-</span>589-Other comprehens<span class=\"_ _6\"/>ive inc<span class=\"_ _7\"/>ome<span class=\"_ _1\"/>/ (loss<span class=\"_ _7\"/>)<span class=\"_ _1d9\"> </span><span class=\"ls2 ws2\">(493)<span class=\"_ _d0\"> </span><span class=\"ff8 fc14\">3,371 <span class=\"_ _c0\"> </span></span>(166)<span class=\"_ _59\"> </span><span class=\"ff8 fc14 ls87 ws3b\">       (76<span class=\"_ _1\"/>)</span></span>Dividends received<span class=\"_ _23a\"> </span><span class=\"ls2 ws2\">(11,540)<span class=\"_ _58\"> </span><span class=\"ff8 fc14\">    (4,<span class=\"_ _6\"/>440)</span></span>-       (693)T<span class=\"_ _6\"/>ransfe<span class=\"_ _1\"/>r to asset held f<span class=\"_ _1\"/>or sale---    (5,445)Ot<span class=\"_ _1\"/>her <span class=\"_ _23b\"> </span>(1)<span class=\"_ _5a\"> </span><span class=\"ff8 fc14\">         (41)<span class=\"_ _24\"> </span></span> --At 31<span class=\"_ _6\"/> December<span class=\"_ _1f5\"> </span><span class=\"ls2 ws2\">43,164 <span class=\"_ _9\"> </span><span class=\"fc14\">43,640<span class=\"_ _e3\"> </span></span> 3,385 <span class=\"_ _13d\"> </span><span class=\"fc14\"> 2,726 </span></span>Since 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1 the Glo<span class=\"_ _1\"/>bal Marine G<span class=\"_ _1\"/>roup associate was pr<span class=\"_ _1\"/>esented as held f<span class=\"_ _1\"/>or sale, w<span class=\"_ _1\"/>ith a carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount as at 31 De<span class=\"_ _1\"/>cember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 of EUR 7,8<span class=\"_ _1\"/>52 t<span class=\"_ _1\"/>housand (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EU<span class=\"_ _1\"/>R 5<span class=\"_ _1\"/>,4<span class=\"_ _1\"/>4<span class=\"_ _1\"/>5 thousand<span class=\"_ _1\"/>). The G<span class=\"_ _1\"/>roup\u2019s share of profit fr<span class=\"_ _1\"/>om continuing oper<span class=\"_ _1\"/>ations amounte<span class=\"_ _1\"/>d to EU<span class=\"_ _1\"/>R 1,<span class=\"_ _1\"/>7<span class=\"_ _1\"/>31 thousan<span class=\"_ _1\"/>d (20<span class=\"_ _1\"/>21: EU<span class=\"_ _1\"/>R 1<span class=\"_ _1\"/>,41<span class=\"_ _1\"/>6 thousand<span class=\"_ _1\"/>) and a pr<span class=\"_ _1\"/>ofit of EU<span class=\"_ _1\"/>R 676 thousand (2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1: EU<span class=\"_ _1\"/>R 28<span class=\"_ _1\"/>6 thousand loss) was repor<span class=\"_ _1\"/>te<span class=\"_ _1\"/>d as other compreh<span class=\"_ _1\"/>ensive income relating to fo<span class=\"_ _1\"/>reign curren<span class=\"_ _1\"/>cy exchan<span class=\"_ _1\"/>ge diffe<span class=\"_ _1\"/>rences which is at<span class=\"_ _1\"/>tribute<span class=\"_ _1\"/>d to the carr<span class=\"_ _0\"/>ying amount classifie<span class=\"_ _1\"/>d as held f<span class=\"_ _1\"/>or sale (reference is made to <span class=\"fc14\">note 8<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2</span><span class=\"ls1d wsa9\">).</span>Non<span class=\"_ _1\"/>e of the group\u2019s equit<span class=\"_ _1\"/>y-acc<span class=\"_ _6\"/>ounted investe<span class=\"_ _1\"/>es are publicly listed e<span class=\"_ _1\"/>ntities and consequentl<span class=\"_ _1\"/>y they do no<span class=\"_ _1\"/>t have published price quot<span class=\"_ _1\"/>ations. T<span class=\"_ _1\"/>he group has no signifi<span class=\"_ _1\"/>cant commitment<span class=\"_ _1\"/>s to its jo<span class=\"_ _1\"/>int ventures and associates39. <span class=\"_ _295\"> </span><span class=\"ff5 fs6 ls1ef ws47\">S<span class=\"_ _6\"/>UBSIDIARIES AND<span class=\"_ _7\"/> INVESTM<span class=\"_ _1\"/>ENTS<span class=\"_ _6\"/> A<span class=\"_ _6\"/>CC<span class=\"_ _7\"/>OUNTE<span class=\"_ _1\"/>D<span class=\"_ _7\"/> FOR USING<span class=\"_ _7\"/> TH<span class=\"_ _1\"/>E<span class=\"_ _7\"/> EQU<span class=\"_ _1\"/>ITY<span class=\"_ _7\"/> </span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>METHOD OF<span class=\"_ _7\"/> FUG<span class=\"_ _1\"/>R<span class=\"_ _7\"/>O N.<span class=\"_ _7\"/>V<span class=\"_ _7\"/>.<span class=\"_ _7\"/> Unless st<span class=\"_ _1\"/>ated other<span class=\"_ _1\"/>wise<span class=\"_ _1\"/>, the direc<span class=\"_ _1\"/>t or indire<span class=\"_ _1\"/>ct interest of Fu<span class=\"_ _1\"/>gro in the subsidiaries listed Fugro G<span class=\"_ _1\"/>eote<span class=\"_ _1\"/>chnical S<span class=\"_ _1\"/>er<span class=\"_ _1\"/>vices L<span class=\"_ _1\"/>td.<span class=\"_ _3b\"> </span>Fo T<span class=\"_ _7\"/>an<span class=\"_ _1\"/>, Hon<span class=\"_ _1\"/>g Kongbel<span class=\"_ _1\"/>ow is 10<span class=\"_ _1\"/>0<span class=\"_ _1\"/>%<span class=\"_ _1\"/>. Insignificant<span class=\"_ _1\"/>, but consolidated<span class=\"_ _1\"/>, subsidiaries have not be<span class=\"_ _1\"/>en include<span class=\"_ _1\"/>d. Fugro Techni<span class=\"_ _1\"/>cal Ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices Ltd.<span class=\"_ _179\"> </span>T<span class=\"_ _7\"/>ue<span class=\"_ _1\"/>n Mun, H<span class=\"_ _1\"/>ong KongFor e<span class=\"_ _1\"/>ntities whe<span class=\"_ _1\"/>re the direc<span class=\"_ _1\"/>t or indire<span class=\"_ _1\"/>ct interest of Fu<span class=\"_ _1\"/>gro is less than 5<span class=\"_ _1\"/>0%<span class=\"_ _1\"/>, the G<span class=\"_ _1\"/>roup Fugro Geosciences<span class=\"_ _6\"/> Interna<span class=\"_ _6\"/>tional Ltd.<span class=\"_ _110\"> </span><span class=\"ls2 ws2\">Wanchai<span class=\"_ _1\"/>, Hong K<span class=\"_ _1\"/>ong</span>consolidates financ<span class=\"_ _1\"/>ial information of such enti<span class=\"_ _1\"/>ties based on t<span class=\"_ _1\"/>he definit<span class=\"_ _1\"/>ion of control.Fugro (<span class=\"_ _1\"/>Hon<span class=\"_ _1\"/>g Kong<span class=\"_ _1\"/>) Ltd.<span class=\"_ _2b0\"> </span>Wanchai<span class=\"_ _1\"/>, Hong K<span class=\"_ _1\"/>ongFugro H<span class=\"_ _1\"/>oldings (<span class=\"_ _1\"/>Hon<span class=\"_ _1\"/>g Kong) L<span class=\"_ _1\"/>td.<span class=\"_ _2b1\"> </span>Wanchai<span class=\"_ _1\"/>, Hong K<span class=\"_ _1\"/>ongThe subsidiaries liste<span class=\"_ _1\"/>d belo<span class=\"_ _1\"/>w have been f<span class=\"_ _1\"/>ully incorpo<span class=\"_ _1\"/>rated into the consoli<span class=\"_ _1\"/>dated financial Fugro S<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>vey (In<span class=\"_ _1\"/>dia) Private L<span class=\"_ _1\"/>imited<span class=\"_ _98\"> </span>Navi M<span class=\"_ _1\"/>umbai, In<span class=\"_ _1\"/>diastatem<span class=\"_ _1\"/>ents of Fugro<span class=\"_ _1\"/>, unless indicated oth<span class=\"_ _1\"/>er<span class=\"_ _1\"/>wise.Fugro G<span class=\"_ _1\"/>eote<span class=\"_ _1\"/>ch (I<span class=\"_ _1\"/>ndia) Priv<span class=\"_ _1\"/>ate Limite<span class=\"_ _1\"/>d<span class=\"_ _1fe\"> </span>N<span class=\"_ _1\"/>avi Mumbai<span class=\"_ _1\"/>, IndiaPT Fugro Indonesia<span class=\"_ _2b2\"> </span><span class=\"ls1c8 ws1cd\">80%<span class=\"_ _c0\"> </span><span class=\"ls78 ws7d\">Jakar<span class=\"_ _1\"/>ta Selatan<span class=\"_ _1\"/>, Indonesia</span></span>The infor<span class=\"_ _1\"/>mation as require<span class=\"_ _1\"/>d by sec<span class=\"_ _1\"/>tions 2<span class=\"_ _1\"/>:3<span class=\"_ _1\"/>79 and 2<span class=\"_ _1\"/>:41<span class=\"_ _1\"/>4 of the Dutch Ci<span class=\"_ _1\"/>vil Code has be<span class=\"_ _1\"/>en Fug<span class=\"_ _1\"/>ro-<span class=\"_ _1\"/>E<span class=\"_ _1\"/>T<span class=\"_ _1\"/>W L<span class=\"_ _1\"/>LC<span class=\"_ _51\"> </span><span class=\"ls1c8 ws1cd\">50%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls43 ws4b\">Basra, Iraq</span>file<span class=\"_ _1\"/>d at the tr<span class=\"_ _1\"/>ade regist<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y of the Chambe<span class=\"_ _1\"/>r of Commerce in The H<span class=\"_ _1\"/>ague.Fugro I<span class=\"_ _1\"/>taly S<span class=\"_ _1\"/>.p.<span class=\"_ _0\"/>A<span class=\"_ _1\"/>.<span class=\"_ _2b3\"> </span><span class=\"ls43 ws4b\">Rome, Italy</span>Fugro J<span class=\"_ _1\"/>apan Co.<span class=\"_ _1\"/>, Ltd.<span class=\"_ _2b4\"> </span><span class=\"ls78 ws7d\">T<span class=\"_ _6\"/>ok<span class=\"_ _1\"/>yo, Japan</span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>Bulan Se<span class=\"_ _1\"/>latan Sdn B<span class=\"_ _1\"/>hd<span class=\"_ _3c\"> </span><span class=\"ls39 ws216\">49%<span class=\"_ _c0\"> </span></span>Kual<span class=\"_ _1\"/>a Lumpur, MalaysiaFugro M<span class=\"_ _1\"/>alaysia Mar<span class=\"_ _1\"/>ine Sdn Bh<span class=\"_ _1\"/>d<span class=\"_ _2b5\"> </span><span class=\"ls1c8 ws1cd\">30%<span class=\"_ _c0\"> </span></span>Kuala L<span class=\"_ _1\"/>umpur, MalaysiaFugro A<span class=\"_ _1\"/>ustra<span class=\"_ _1\"/>lia Lan<span class=\"_ _1\"/>d Pt<span class=\"_ _1\"/>y L<span class=\"_ _1\"/>td.<span class=\"_ _179\"> </span><span class=\"ls67 ws6b\">Perth, A<span class=\"_ _1\"/>ustralia</span>Fugro M<span class=\"_ _1\"/>auritius L<span class=\"_ _1\"/>td.<span class=\"_ _2ab\"> </span>Q<span class=\"_ _1\"/>uatre B<span class=\"_ _1\"/>orne<span class=\"_ _1\"/>s, Maur<span class=\"_ _1\"/>itiusFugro H<span class=\"_ _1\"/>oldings (<span class=\"_ _1\"/>Austr<span class=\"_ _1\"/>alia) Pt<span class=\"_ _1\"/>y L<span class=\"_ _1\"/>td.<span class=\"_ _80\"> </span><span class=\"ls67 ws6b\">Per<span class=\"_ _1\"/>th, Austr<span class=\"_ _1\"/>ali<span class=\"_ _6\"/>a</span>Fugro M<span class=\"_ _1\"/>exico S<span class=\"_ _1\"/>.<span class=\"_ _1\"/>A<span class=\"_ _1\"/>. de C<span class=\"_ _1\"/>.V.<span class=\"_ _52\"> </span>Ciud<span class=\"_ _1\"/>ad Del C<span class=\"_ _1\"/>arme<span class=\"_ _1\"/>n, Camp<span class=\"_ _1\"/>ech<span class=\"_ _1\"/>e, Fugro A<span class=\"_ _1\"/>ustra<span class=\"_ _1\"/>lia Marine P<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y Ltd<span class=\"_ _1\"/>.<span class=\"_ _256\"> </span><span class=\"ls67 ws6b\">Per<span class=\"_ _1\"/>th, Austr<span class=\"_ _1\"/>ali<span class=\"_ _6\"/>a</span>Me<span class=\"_ _1\"/>xicoFugro E<span class=\"_ _1\"/>xpl<span class=\"_ _1\"/>orat<span class=\"_ _1\"/>ion P<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y Ltd.<span class=\"_ _2ac\"> </span><span class=\"ls67 ws6b\">Per<span class=\"_ _1\"/>th, Australia</span>Fugro H<span class=\"_ _1\"/>oldings (<span class=\"_ _1\"/>NZ<span class=\"_ _1\"/>) Ltd<span class=\"_ _1\"/>.<span class=\"_ _8f\"> </span><span class=\"ls43 ws4b\">N<span class=\"_ _1\"/>ew Plymouth, New Zeal<span class=\"_ _6\"/>and</span>SOC<span class=\"_ _1\"/>AR-Fugro L<span class=\"_ _1\"/>LC<span class=\"_ _7e\"> </span><span class=\"ls39 ws216\">49%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls78 ws7d\">Baku<span class=\"_ _1\"/>, Azerbaijan</span>Fugro N<span class=\"_ _1\"/>ew Ze<span class=\"_ _1\"/>aland Ltd.<span class=\"_ _29a\"> </span><span class=\"ls43 ws4b\">New Plymouth, New Zeal<span class=\"_ _6\"/>and</span>Fugro I<span class=\"_ _1\"/>n Situ G<span class=\"_ _1\"/>eotecn<span class=\"_ _1\"/>ia Ltda.<span class=\"_ _238\"> </span><span class=\"ls7a ws7f\">P<span class=\"_ _1\"/>inhais, Br<span class=\"_ _1\"/>azil</span>Fugro N<span class=\"_ _1\"/>or<span class=\"_ _1\"/>way A<span class=\"_ _1\"/>S<span class=\"_ _1e0\"> </span><span class=\"ls4c ws53\">Oslo, Nor<span class=\"_ _1\"/>way</span>Fugro B<span class=\"_ _1\"/>rasil Le<span class=\"_ _1\"/>vantam<span class=\"_ _1\"/>entos Ltda.<span class=\"_ _249\"> </span>R<span class=\"_ _1\"/>io de Jan<span class=\"_ _1\"/>eiro, B<span class=\"_ _1\"/>razilFugr<span class=\"_ _1\"/>o Philippin<span class=\"_ _1\"/>es Inc.<span class=\"_ _1\"/> <span class=\"_ _2b6\"> </span>Manila<span class=\"_ _1\"/>, Philipp<span class=\"_ _1\"/>inesFugro H<span class=\"_ _1\"/>olding B<span class=\"_ _1\"/>elgium N<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _24c\"> </span><span class=\"ls43 ws4b\">Louvain<span class=\"_ _6\"/> la Neuve, Belgiu<span class=\"_ _6\"/>m</span>Fugro P<span class=\"_ _1\"/>eninsular Ser<span class=\"_ _1\"/>vi<span class=\"_ _1\"/>ces Co. W.L<span class=\"_ _1\"/>.<span class=\"_ _1\"/>L<span class=\"_ _1\"/>.<span class=\"_ _12a\"> </span><span class=\"ls39 ws216\">49%<span class=\"_ _c0\"> </span></span>Do<span class=\"_ _1\"/>ha, Qat<span class=\"_ _1\"/>arFugro C<span class=\"_ _1\"/>anada<span class=\"_ _1\"/>, Corp.<span class=\"_ _2ad\"> </span><span class=\"ls1fa ws206\">St. J<span class=\"_ _1\"/>ohn\u2019s, Canada</span>Fugro<span class=\"_ _1\"/>-Suhaimi Ltd.<span class=\"_ _a5\"> </span><span class=\"ls1c8 ws1cd\">5<span class=\"_ _1\"/>0%<span class=\"_ _c0\"> </span><span class=\"ls78 ws7d\">Dammam<span class=\"_ _1\"/>, Saudi Arabia</span></span>Fugro C<span class=\"_ _1\"/>hile S.<span class=\"_ _0\"/>A<span class=\"_ _1\"/>.<span class=\"_ _115\"> </span><span class=\"ls78 ws7d\">Santiago, Chile</span>Easter<span class=\"_ _1\"/>n Suppor<span class=\"_ _1\"/>te<span class=\"_ _1\"/>r Pte L<span class=\"_ _1\"/>td <span class=\"_ _9d\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>China Offshore Fugro<span class=\"_ _6\"/> GeoSolutions (Shen<span class=\"_ _6\"/>zhen<span class=\"_ _6\"/>) 50%*<span class=\"_ _39\"> </span><span class=\"fs6 ls2b ws33\">Shekou, Shen<span class=\"_ _7\"/>zhen, China</span>Fugro M<span class=\"_ _1\"/>arine Pe<span class=\"_ _1\"/>rsonn<span class=\"_ _1\"/>el P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _ad\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Co. Ltd<span class=\"_ _1\"/>.Fugro S<span class=\"_ _1\"/>ingapor<span class=\"_ _1\"/>e Marine P<span class=\"_ _1\"/>te L<span class=\"_ _1\"/>td<span class=\"_ _77\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro O<span class=\"_ _1\"/>ff<span class=\"_ _1\"/>shore Sur<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>y (Shenzhen) Co. Ltd<span class=\"_ _1\"/>.<span class=\"_ _4b\"> </span><span class=\"ls2b ws33\">Shen<span class=\"_ _7\"/>zhen, China</span>Fugro S<span class=\"_ _1\"/>atellite Positio<span class=\"_ _1\"/>ning P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _25e\"> </span><span class=\"ls1e5 ws1eb\">Singa<span class=\"_ _6\"/>pore, Singapore</span>Fugro P<span class=\"_ _1\"/>acif<span class=\"_ _1\"/>ica Qinhua<span class=\"_ _1\"/>ngdao Co. L<span class=\"_ _1\"/>td.<span class=\"_ _110\"> </span><span class=\"ls1fa ws206\">Qinhuang<span class=\"_ _1\"/>dao, China</span>Fugro P<span class=\"_ _1\"/>rope<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ies P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _8f\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro Techni<span class=\"_ _1\"/>cal Ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices (Guangzhou) Ltd.<span class=\"_ _54\"> </span><span class=\"ls7a ws7f\">G<span class=\"_ _1\"/>uangzhou<span class=\"_ _1\"/>, China</span>Sout<span class=\"_ _1\"/>hern E<span class=\"_ _1\"/>volutio<span class=\"_ _1\"/>n Pte L<span class=\"_ _1\"/>td.<span class=\"_ _4f\"> </span><span class=\"ls1e5 ws1eb\">Singapore<span class=\"_ _1\"/>, Si<span class=\"_ _6\"/>ngapore</span>Fugro Co<span class=\"_ _1\"/>nsultants Inte<span class=\"_ _1\"/>rnatio<span class=\"_ _1\"/>nal N.V.<span class=\"_ _23c\"> </span>W<span class=\"_ _1\"/>illemsta<span class=\"_ _1\"/>d, Cura<span class=\"_ _1\"/>\u00e7aoEaster<span class=\"_ _1\"/>n Marine<span class=\"_ _1\"/>r Pt<span class=\"_ _1\"/>e Ltd.<span class=\"_ _53\"> </span><span class=\"ls1e5 ws1eb\">Si<span class=\"_ _6\"/>ngapore, Singapore</span>Fugro Financial I<span class=\"_ _1\"/>nternational N<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _95\"> </span><span class=\"ls2 ws2\">W<span class=\"_ _1\"/>illemsta<span class=\"_ _1\"/>d, Cura<span class=\"_ _1\"/>\u00e7ao</span>Easter<span class=\"_ _1\"/>n Equator P<span class=\"_ _1\"/>te Ltd<span class=\"_ _1\"/>.<span class=\"_ _123\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro M<span class=\"_ _1\"/>arine Sur<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>y Int. L<span class=\"_ _1\"/>td. Egy<span class=\"_ _1\"/>pt<span class=\"_ _cd\"> </span><span class=\"ls2b ws33\">Cairo,<span class=\"_ _6\"/> Egypt</span>Fugro S<span class=\"_ _1\"/>ingapor<span class=\"_ _1\"/>e Lan<span class=\"_ _1\"/>d Pte L<span class=\"_ _1\"/>td.<span class=\"_ _2b7\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro S<span class=\"_ _1\"/>.<span class=\"_ _1\"/>A<span class=\"_ _1\"/>.<span class=\"_ _1\"/>E<span class=\"_ _1\"/>.<span class=\"_ _53\"> </span>-<span class=\"_ _231\"> </span><span class=\"ls2b ws33\">Cairo, Egypt</span>Fugro S<span class=\"_ _1\"/>ubsea T<span class=\"_ _6\"/>echn<span class=\"_ _1\"/>ologi<span class=\"_ _1\"/>es P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _98\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro G<span class=\"_ _1\"/>eoi<span class=\"_ _1\"/>d S.<span class=\"_ _1\"/>A<span class=\"_ _0\"/>.<span class=\"_ _1\"/>S.<span class=\"_ _2ae\"> </span><span class=\"ls78 ws7d\">Castr<span class=\"_ _1\"/>ies, Fran<span class=\"_ _1\"/>ce</span>Fugro S<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>vey Afr<span class=\"_ _1\"/>ica (P<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y) Ltd.<span class=\"_ _fe\"> </span>Ca<span class=\"_ _1\"/>pe T<span class=\"_ _6\"/>own<span class=\"_ _1\"/>, South A<span class=\"_ _1\"/>fric<span class=\"_ _1\"/>aFugro H<span class=\"_ _1\"/>olding Fr<span class=\"_ _1\"/>ance S<span class=\"_ _1\"/>.<span class=\"_ _1\"/>A<span class=\"_ _1\"/>.<span class=\"_ _1\"/>S.<span class=\"_ _1ff\"> </span><span class=\"ls78 ws7d\">Nanterre, Fr<span class=\"_ _1\"/>ance</span>Fugro G<span class=\"_ _1\"/>eo<span class=\"_ _1\"/>detic AG<span class=\"_ _2ae\"> </span><span class=\"ls28 ws30\">Zug<span class=\"_ _1\"/>, Switzerland</span>Fugro G<span class=\"_ _1\"/>ermany L<span class=\"_ _1\"/>and GmbH<span class=\"_ _179\"> </span><span class=\"ls7a ws7f\">Berlin<span class=\"_ _1\"/>, Ge<span class=\"_ _1\"/>rmany</span>Fugro I<span class=\"_ _1\"/>OV<span class=\"_ _1\"/>T<span class=\"_ _1\"/>EC Co. L<span class=\"_ _1\"/>td.<span class=\"_ _81\"> </span><span class=\"ls39 ws216\">49%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls78 ws7d\">T<span class=\"_ _6\"/>aipei Cit<span class=\"_ _1\"/>y, T<span class=\"_ _7\"/>aiw<span class=\"_ _1\"/>an</span>Fugro G<span class=\"_ _1\"/>ermany Marine G<span class=\"_ _1\"/>mbH<span class=\"_ _256\"> </span><span class=\"ls4c ws53\">Bremen, G<span class=\"_ _1\"/>ermany</span>Agun<span class=\"_ _1\"/>g Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _257\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherland<span class=\"_ _7\"/>s</span>Fugro G<span class=\"_ _1\"/>hana Limi<span class=\"_ _1\"/>ted <span class=\"_ _2af\"> </span><span class=\"ls1c8 ws1cd\">90%<span class=\"_ _c0\"> </span><span class=\"ls1fa ws206\">Accra<span class=\"_ _1\"/>, Ghana</span></span>Kik<span class=\"_ _1\"/>a Shipping<span class=\"_ _1\"/> B.V<span class=\"_ _6\"/>.<span class=\"_ _2b8\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>Kilima<span class=\"_ _1\"/>njaro Shippin<span class=\"_ _1\"/>g B.V.<span class=\"_ _27f\"> </span><span class=\"ls43 ws4b\">Leidschenda<span class=\"_ _6\"/>m, The Netherlands</span>Fugro En<span class=\"_ _6\"/>terprise, Inc.<span class=\"_ _1f9\"> </span><span class=\"ls2 ws2\">H<span class=\"_ _1\"/>ouston<span class=\"_ _1\"/>, United St<span class=\"_ _1\"/>ates</span>Fugro N<span class=\"_ _1\"/>L Ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices B.V.<span class=\"_ _1d0\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Fugro (<span class=\"_ _1\"/>USA<span class=\"_ _1\"/>) Hol<span class=\"_ _1\"/>dings, In<span class=\"_ _1\"/>c.<span class=\"_ _9d\"> </span>Houston<span class=\"_ _1\"/>, Unite<span class=\"_ _1\"/>d StatesKat<span class=\"_ _1\"/>la Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _1b3\"> </span><span class=\"ls43 ws4b\">Leidschenda<span class=\"_ _6\"/>m, The Netherlands</span>Fugro U<span class=\"_ _1\"/>SA Mar<span class=\"_ _1\"/>ine, Inc<span class=\"_ _1\"/>.<span class=\"_ _1cd\"> </span>L<span class=\"_ _1\"/>af<span class=\"_ _1\"/>ayett<span class=\"_ _1\"/>e, Unite<span class=\"_ _1\"/>d StatesAlutan Ship<span class=\"_ _1\"/>ping B.V<span class=\"_ _7\"/>.<span class=\"_ _239\"> </span><span class=\"ls43 ws4b\">Leidschendam, The<span class=\"_ _6\"/> Netherlands</span>*Jo<span class=\"_ _1\"/>int arr<span class=\"_ _1\"/>ang<span class=\"_ _1\"/>eme<span class=\"_ _1\"/>nts cl<span class=\"_ _1\"/>assif<span class=\"_ _1\"/>ied as j<span class=\"_ _1\"/>oint v<span class=\"_ _1\"/>entur<span class=\"_ _1\"/>es or ass<span class=\"_ _1\"/>ocia<span class=\"_ _1\"/>tes tha<span class=\"_ _1\"/>t are e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y-acco<span class=\"_ _1\"/>unted<span class=\"_ _1\"/>.Erebus Shippi<span class=\"_ _6\"/>ng B.V<span class=\"_ _7\"/>.<span class=\"_ _45\"> </span><span class=\"ls43 ws4b\">Leids<span class=\"_ _6\"/>chendam, The Netherland<span class=\"_ _6\"/>s</span>Fos<span class=\"_ _1\"/>ter Shipp<span class=\"_ _1\"/>ing B.V.<span class=\"_ _fb\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Mayo<span class=\"_ _1\"/>n Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _2ad\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherland<span class=\"_ _6\"/>s</span>T<span class=\"_ _7\"/>ar<span class=\"_ _1\"/>anaki Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _1d0\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>T<span class=\"_ _6\"/>ongar<span class=\"_ _1\"/>iro Shipp<span class=\"_ _1\"/>ing B.V.<span class=\"_ _176\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Ar<span class=\"_ _1\"/>juna Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _255\"> </span><span class=\"ls43 ws4b\">L<span class=\"_ _1\"/>eidsc<span class=\"_ _6\"/>hendam, The Netherland<span class=\"_ _6\"/>s</span>Fugro S<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>vey B.V.<span class=\"_ _2b9\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Fugro N<span class=\"_ _1\"/>L L<span class=\"_ _1\"/>and B<span class=\"_ _1\"/>.<span class=\"_ _6\"/>V<span class=\"_ _6\"/>.<span class=\"_ _1b3\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Fugro Nederland B.V<span class=\"_ _7\"/>.<span class=\"_ _2ba\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Fugro I<span class=\"_ _1\"/>nnovati<span class=\"_ _1\"/>on &amp; Technolo<span class=\"_ _1\"/>gy B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _1a8\"> </span><span class=\"ls43 ws4b\">Leidschendam, The<span class=\"_ _6\"/> Netherlands</span>Fugro M<span class=\"_ _1\"/>arine S<span class=\"_ _1\"/>er<span class=\"_ _1\"/>vices B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _9d\"> </span><span class=\"ls43 ws4b\">L<span class=\"_ _1\"/>eids<span class=\"_ _6\"/>chendam, The Netherland<span class=\"_ _6\"/>s</span>Fugro F<span class=\"_ _1\"/>inancial Reso<span class=\"_ _1\"/>urces B.V<span class=\"_ _6\"/>.<span class=\"_ _d6\"> </span><span class=\"ls43 ws4b\">Leids<span class=\"_ _6\"/>chendam, The Netherland<span class=\"_ _6\"/>s</span>Fugro Vastg<span class=\"_ _1\"/>oed B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _2bb\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Scener<span class=\"_ _1\"/>y Sh<span class=\"_ _6\"/>ipping B.<span class=\"_ _6\"/>V<span class=\"_ _7\"/>.<span class=\"_ _227\"> </span><span class=\"ls43 ws4b\">Leidschenda<span class=\"_ _6\"/>m, The Netherlands</span>Semeru Shipping<span class=\"_ _6\"/> B.V<span class=\"_ _7\"/>.<span class=\"_ _227\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherlands</span>Seabed<span class=\"_ _7\"/> Geosolu<span class=\"_ _6\"/>tion<span class=\"_ _7\"/>s B.V<span class=\"_ _7\"/>.<span class=\"_ _2ac\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Wavew<span class=\"_ _1\"/>alker B.V.<span class=\"_ _4f\"> </span><span class=\"ls1c8 ws1cd\">50%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls43 ws4b\">Leidschendam, The Netherland<span class=\"_ _7\"/>s</span>Bosav<span class=\"_ _1\"/>i Shippin<span class=\"_ _1\"/>g B.V.<span class=\"_ _239\"> </span><span class=\"ls2 ws2\">No<span class=\"_ _1\"/>otdorp, T<span class=\"_ _1\"/>he Ne<span class=\"_ _1\"/>therla<span class=\"_ _1\"/>nds</span>Hast<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>da Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _6\"/>.<span class=\"_ _299\"> </span><span class=\"ls2 ws2\">N<span class=\"_ _1\"/>ootdor<span class=\"_ _1\"/>p, The N<span class=\"_ _1\"/>ether<span class=\"_ _1\"/>lands</span>Fugro N<span class=\"_ _1\"/>ethe<span class=\"_ _1\"/>rlands Mar<span class=\"_ _1\"/>ine B<span class=\"_ _1\"/>.<span class=\"_ _6\"/>V<span class=\"_ _6\"/>.<span class=\"_ _c2\"> </span>No<span class=\"_ _1\"/>otdorp, T<span class=\"_ _1\"/>he Net<span class=\"_ _1\"/>herlan<span class=\"_ _1\"/>dsFugro Trinidad L<span class=\"_ _1\"/>td.<span class=\"_ _1fc\"> </span><span class=\"ls7a ws7f\">Por<span class=\"_ _1\"/>t of Spain<span class=\"_ _1\"/>, T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>inidad</span>Fugro M<span class=\"_ _1\"/>iddle East<span class=\"_ _af\"> </span><span class=\"ls39 ws216\">49%<span class=\"_ _c0\"> </span></span>D<span class=\"_ _1\"/>ubai, Unit<span class=\"_ _1\"/>ed Ar<span class=\"_ _1\"/>ab Emir<span class=\"_ _1\"/>atesFugro G<span class=\"_ _1\"/>B (N<span class=\"_ _1\"/>or<span class=\"_ _1\"/>th) Marine L<span class=\"_ _1\"/>imite<span class=\"_ _1\"/>d<span class=\"_ _2bc\"> </span><span class=\"ls4c ws53\">Aberdeen<span class=\"_ _1\"/>, Unit<span class=\"_ _6\"/>ed Kingdom</span>Fugro Ge<span class=\"_ _1\"/>oSer<span class=\"_ _1\"/>vices Limite<span class=\"_ _1\"/>d<span class=\"_ _51\"> </span><span class=\"ls78 ws7d\">Falmouth<span class=\"_ _1\"/>, United King<span class=\"_ _1\"/>dom</span>Hush Cr<span class=\"_ _1\"/>aft L<span class=\"_ _1\"/>td<span class=\"_ _22b\"> </span><span class=\"ls39 ws216\">49%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls7a ws7f\">Suf<span class=\"_ _1\"/>folk<span class=\"_ _1\"/>, Unite<span class=\"_ _1\"/>d Kin<span class=\"_ _1\"/>gdom</span>Fugro H<span class=\"_ _1\"/>oldings L<span class=\"_ _1\"/>imited<span class=\"_ _176\"> </span><span class=\"ls7a ws7f\">Wallingfor<span class=\"_ _1\"/>d, Unite<span class=\"_ _1\"/>d Kin<span class=\"_ _1\"/>gdom</span>Fugro G<span class=\"_ _1\"/>B Mar<span class=\"_ _1\"/>ine Limite<span class=\"_ _1\"/>d<span class=\"_ _27f\"> </span><span class=\"ls7a ws7f\">Wallingfo<span class=\"_ _1\"/>rd, Unite<span class=\"_ _1\"/>d Kin<span class=\"_ _1\"/>gdom</span>Fugro Properties Limited<span class=\"_ _8f\"> </span><span class=\"ls7a ws7f\">Walling<span class=\"_ _1\"/>ford, U<span class=\"_ _1\"/>nited K<span class=\"_ _1\"/>ingd<span class=\"_ _1\"/>om</span>Glo<span class=\"_ _1\"/>bal Marin<span class=\"_ _1\"/>e Hol<span class=\"_ _1\"/>dings LLC<span class=\"_ _ec\"> </span><span class=\"ls202 ws20e\">2<span class=\"_ _1\"/>3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>6%</span>*<span class=\"_ _47\"> </span><span class=\"fs6\">De<span class=\"_ _1\"/>laware<span class=\"_ _1\"/>, United St<span class=\"_ _1\"/>ates</span>Fugr<span class=\"_ _1\"/>o Brasilis<span class=\"_ _1\"/>, Inc.<span class=\"_ _1d1\"> </span><span class=\"ls2 ws2\">H<span class=\"_ _1\"/>ouston<span class=\"_ _1\"/>, Unite<span class=\"_ _1\"/>d States</span>Fugro G<span class=\"_ _1\"/>ulf, Inc.<span class=\"_ _2bd\"> </span>Hous<span class=\"_ _1\"/>ton, Uni<span class=\"_ _1\"/>ted StatesFugro Sy<span class=\"_ _1\"/>nerg<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, Inc<span class=\"_ _1\"/>.<span class=\"_ _109\"> </span>Ho<span class=\"_ _1\"/>uston, Un<span class=\"_ _1\"/>ited StatesFugro USA Land, Inc.<span class=\"_ _2b4\"> </span><span class=\"ls2 ws2\">Houston<span class=\"_ _1\"/>, United St<span class=\"_ _1\"/>ates</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-122-7": {
   "value": "22.  INVESTMENTS IN EQUITY ACCOUNTED INVESTEESThe Group\u2019s interests in equity-accounted investees comprise interests in joint ventures and associates. A joint venture is an arrangement in which the Group has joint control, whereby the Group has rights to the net assets of the arrangement, rather than rights toits assets and obligations for its liabilities. Associates are all entities over which the group has significant influence but not control or joint control. This is generally the case where the group holds between 20% and 50% of the voting rights.Investments in equity-accounted investees are accounted for using the equity method. Under the equity method of accounting, the investments are initially recognised at cost and adjusted thereafter to recognise the group\u2019s share of the post-acquisition profits or losses of the investee in profit or loss, and the group\u2019s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from associates and joint ventures are recognised as a reduction in the carrying amount of the investment. Unrealised gains on transactions between theGroup and its associates and joint ventures are eliminated to the extent of the group\u2019s interest in these entities. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of equity-accounted investees have been changed where necessary to ensure consistency with the policies adopted by the Group. When the Group\u2019s share of losses in an equity-accounted investment equals or exceeds its interest in the entity, including any other unsecured long-term receivables that form part of the entity\u2019s net investment, the group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the other entity. The carrying amount of equity-accounted investments is tested for impairment.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-122-8": {
   "value": "22.  INVESTMENTS IN EQUITY ACCOUNTED INVESTEESThe Group\u2019s interests in equity-accounted investees comprise interests in joint ventures and associates. A joint venture is an arrangement in which the Group has joint control, whereby the Group has rights to the net assets of the arrangement, rather than rights toits assets and obligations for its liabilities. Associates are all entities over which the group has significant influence but not control or joint control. This is generally the case where the group holds between 20% and 50% of the voting rights.Investments in equity-accounted investees are accounted for using the equity method. Under the equity method of accounting, the investments are initially recognised at cost and adjusted thereafter to recognise the group\u2019s share of the post-acquisition profits or losses of the investee in profit or loss, and the group\u2019s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from associates and joint ventures are recognised as a reduction in the carrying amount of the investment. Unrealised gains on transactions between theGroup and its associates and joint ventures are eliminated to the extent of the group\u2019s interest in these entities. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of equity-accounted investees have been changed where necessary to ensure consistency with the policies adopted by the Group. When the Group\u2019s share of losses in an equity-accounted investment equals or exceeds its interest in the entity, including any other unsecured long-term receivables that form part of the entity\u2019s net investment, the group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the other entity. The carrying amount of equity-accounted investments is tested for impairment.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-122-9": {
   "value": "22.  INVESTMENTS IN EQUITY ACCOUNTED INVESTEESThe Group\u2019s interests in equity-accounted investees comprise interests in joint ventures and associates. A joint venture is an arrangement in which the Group has joint control, whereby the Group has rights to the net assets of the arrangement, rather than rights toits assets and obligations for its liabilities. Associates are all entities over which the group has significant influence but not control or joint control. This is generally the case where the group holds between 20% and 50% of the voting rights.Investments in equity-accounted investees are accounted for using the equity method. Under the equity method of accounting, the investments are initially recognised at cost and adjusted thereafter to recognise the group\u2019s share of the post-acquisition profits or losses of the investee in profit or loss, and the group\u2019s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from associates and joint ventures are recognised as a reduction in the carrying amount of the investment. Unrealised gains on transactions between theGroup and its associates and joint ventures are eliminated to the extent of the group\u2019s interest in these entities. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of equity-accounted investees have been changed where necessary to ensure consistency with the policies adopted by the Group. When the Group\u2019s share of losses in an equity-accounted investment equals or exceeds its interest in the entity, including any other unsecured long-term receivables that form part of the entity\u2019s net investment, the group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the other entity. The carrying amount of equity-accounted investments is tested for impairment.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-125-2": {
   "value": "2<span class=\"_ _1\"/>3<span class=\"_ _1\"/>. <span class=\"_ _d\"> </span><span class=\"ff5 fs6 ls1ef ws47\">OTHE<span class=\"_ _1\"/>R<span class=\"_ _7\"/> INVES<span class=\"_ _1\"/>TMENTS</span>Equit<span class=\"_ _1\"/>y secur<span class=\"_ _1\"/>ities, l<span class=\"_ _1\"/>ong-term loans, d<span class=\"_ _1\"/>eposits an<span class=\"_ _1\"/>d other lo<span class=\"_ _1\"/>ng-term assets are f<span class=\"_ _1\"/>inancial assets<span class=\"_ _1\"/>. The Gr<span class=\"_ _1\"/>oup does not have mater<span class=\"_ _1\"/>ial deriv<span class=\"_ _1\"/>ative finan<span class=\"_ _1\"/>cial assets. The afo<span class=\"_ _1\"/>rementio<span class=\"_ _1\"/>ned finan<span class=\"_ _1\"/>cial assets are classifie<span class=\"_ _1\"/>d at initial recogn<span class=\"_ _1\"/>ition, an<span class=\"_ _1\"/>d subsequentl<span class=\"_ _1\"/>y measured at amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost or fair value t<span class=\"_ _1\"/>hrough prof<span class=\"_ _1\"/>it and loss. The classifi<span class=\"_ _1\"/>cation at initial re<span class=\"_ _1\"/>cognition d<span class=\"_ _1\"/>epends on t<span class=\"_ _1\"/>he financial asset<span class=\"_ _1\"/>\u2019s contrac<span class=\"_ _1\"/>tual cash fl<span class=\"_ _1\"/>ow charac<span class=\"_ _1\"/>terist<span class=\"_ _1\"/>ics and th<span class=\"_ _1\"/>e Group\u2019s business mode<span class=\"_ _1\"/>l for managing the<span class=\"_ _1\"/>m. The G<span class=\"_ _1\"/>roup measures financ<span class=\"_ _1\"/>ial assets at amor<span class=\"_ _1\"/>tised cost if b<span class=\"_ _1\"/>oth of the foll<span class=\"_ _1\"/>owing conditio<span class=\"_ _1\"/>ns are met: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>The f<span class=\"_ _1\"/>inancial asset is held wit<span class=\"_ _1\"/>hin a business model wit<span class=\"_ _1\"/>h the obje<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ve to hold finan<span class=\"_ _1\"/>cialasse<span class=\"_ _6\"/>ts in order to<span class=\"_ _6\"/> col<span class=\"_ _6\"/>lec<span class=\"_ _1\"/>t c<span class=\"_ _7\"/>ontrac<span class=\"_ _1\"/>tual ca<span class=\"_ _6\"/>sh flows <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>The contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>ual terms of the f<span class=\"_ _1\"/>inancial asset give rise on sp<span class=\"_ _1\"/>ecifi<span class=\"_ _1\"/>ed dates to cash flo<span class=\"_ _1\"/>ws that are sol<span class=\"_ _1\"/>ely payme<span class=\"_ _1\"/>nts of principa<span class=\"_ _1\"/>l and interest on the p<span class=\"_ _1\"/>rincipal amount outs<span class=\"_ _1\"/>tanding.Wit<span class=\"_ _1\"/>h the exception of t<span class=\"_ _1\"/>rade re<span class=\"_ _1\"/>ceivabl<span class=\"_ _1\"/>es that do not contain a signifi<span class=\"_ _1\"/>cant financing compon<span class=\"_ _1\"/>ent or for which t<span class=\"_ _1\"/>he Group has applie<span class=\"_ _1\"/>d the pr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>ical exp<span class=\"_ _1\"/>edient<span class=\"_ _1\"/>, the Gr<span class=\"_ _1\"/>oup initially measures a f<span class=\"_ _1\"/>inancial asset at its f<span class=\"_ _1\"/>air value plus, in t<span class=\"_ _1\"/>he case of a financial asset not at fair valu<span class=\"_ _1\"/>e through prof<span class=\"_ _1\"/>it or loss<span class=\"_ _1\"/>, transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s. Subseque<span class=\"_ _1\"/>nt measurement is at amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost us<span class=\"_ _6\"/>ing the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest m<span class=\"_ _1\"/>ethod an<span class=\"_ _1\"/>d is s<span class=\"_ _6\"/>ubjec<span class=\"_ _1\"/>t to impairme<span class=\"_ _1\"/>nt. Gains and losses are re<span class=\"_ _1\"/>cognised in prof<span class=\"_ _1\"/>it or loss when t<span class=\"_ _1\"/>he asset is dereco<span class=\"_ _1\"/>gnised, mo<span class=\"_ _1\"/>dified o<span class=\"_ _1\"/>r impaired<span class=\"_ _1\"/>. Financial assets at f<span class=\"_ _1\"/>air value throu<span class=\"_ _1\"/>gh profit or l<span class=\"_ _1\"/>oss are carrie<span class=\"_ _1\"/>d in the state<span class=\"_ _1\"/>ment of financial p<span class=\"_ _1\"/>osition at fair v<span class=\"_ _1\"/>alue with ne<span class=\"_ _1\"/>t changes in fair v<span class=\"_ _1\"/>alue recognise<span class=\"_ _1\"/>d in the statement<span class=\"_ _6\"/> of c<span class=\"_ _6\"/>omprehens<span class=\"_ _6\"/>ive inc<span class=\"_ _7\"/>ome<span class=\"_ _1\"/>. Dividends<span class=\"_ _6\"/> on equity investmen<span class=\"_ _6\"/>ts are al<span class=\"_ _6\"/>so recognise<span class=\"_ _1\"/>d as net finance income in t<span class=\"_ _1\"/>he stateme<span class=\"_ _1\"/>nt of c<span class=\"_ _6\"/>ompreh<span class=\"_ _1\"/>ensive income when t<span class=\"_ _1\"/>he right of paym<span class=\"_ _1\"/>ent has been est<span class=\"_ _1\"/>ablished. T<span class=\"_ _1\"/>he Group de<span class=\"_ _1\"/>recognises a f<span class=\"_ _1\"/>inancial asset when the r<span class=\"_ _1\"/>ights to recei<span class=\"_ _1\"/>ve cash flow<span class=\"_ _1\"/>s from the asset have ex<span class=\"_ _1\"/>pired or have b<span class=\"_ _1\"/>een tr<span class=\"_ _1\"/>ansferred and the gr<span class=\"_ _1\"/>oup has transferr<span class=\"_ _1\"/>ed substantially all th<span class=\"_ _1\"/>e risks and rew<span class=\"_ _1\"/>ards of owner<span class=\"_ _1\"/>ship.The G<span class=\"_ _1\"/>roup recognises an all<span class=\"_ _1\"/>owance for ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted cre<span class=\"_ _1\"/>dit losses (E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) f<span class=\"_ _1\"/>or all debt instrume<span class=\"_ _1\"/>nts not hel<span class=\"_ _1\"/>d at fair value t<span class=\"_ _1\"/>hrough prof<span class=\"_ _1\"/>it or loss. Ref<span class=\"_ _1\"/>er to <span class=\"fc14\">note 3<span class=\"_ _1\"/>4.<span class=\"_ _1\"/>2</span> Cr<span class=\"_ _1\"/>edit risk for details on ho<span class=\"_ _1\"/>w the Gro<span class=\"_ _1\"/>up applies ECL m<span class=\"_ _1\"/>odel<span class=\"_ _1\"/>.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _40\"> </span>Measurement Category<span class=\"_ _ef\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Equit<span class=\"_ _1\"/>y se<span class=\"_ _1\"/>curities<span class=\"_ _1d3\"> </span>Fair valu<span class=\"_ _1\"/>e through p<span class=\"_ _1\"/>rofit an<span class=\"_ _1\"/>d loss<span class=\"_ _7c\"> </span>1,0<span class=\"_ _1\"/>96<span class=\"_ _70\"> </span><span class=\"ff8 fc14\">1,096</span>Long-term loa<span class=\"_ _6\"/>ns <span class=\"_ _10e\"> </span>A<span class=\"_ _1\"/>mortised co<span class=\"_ _6\"/>st<span class=\"_ _50\"> </span><span class=\"ls2 ws2\">4,500<span class=\"_ _61\"> </span><span class=\"ff8 fc14\">4,5<span class=\"_ _1\"/>00</span></span>De<span class=\"_ _1\"/>posit<span class=\"_ _1\"/>s<span class=\"_ _23c\"> </span>Amor<span class=\"_ _1\"/>tised c<span class=\"_ _7\"/>ost<span class=\"_ _3c\"> </span><span class=\"ls2 ws2\">3,<span class=\"_ _1\"/>238<span class=\"_ _b4\"> </span><span class=\"ff8 fc14\">32,08<span class=\"_ _1\"/>6</span></span>Net d<span class=\"_ _1\"/>efine<span class=\"_ _1\"/>d benef<span class=\"_ _1\"/>it asset<span class=\"_ _21\"> </span><span class=\"ls78 ws7d\">Pr<span class=\"_ _1\"/>esent value<span class=\"_ _23d\"> </span></span>21,333<span class=\"_ _21f\"> </span><span class=\"ff8 fc14\">22,79<span class=\"_ _1\"/>6</span>Other long-term<span class=\"_ _6\"/> assets<span class=\"_ _e0\"> </span>Nominal value<span class=\"_ _81\"> </span><span class=\"ls2 ws2\">5,083<span class=\"_ _92\"> </span><span class=\"ff8 fc14\">2,617</span></span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _23e\"> </span><span class=\"ls43 ws4b\">35,250<span class=\"_ _6f\"> </span></span><span class=\"fc14\">63,09<span class=\"_ _1\"/>5</span>Equit<span class=\"_ _1\"/>y secur<span class=\"_ _1\"/>ities are investme<span class=\"_ _1\"/>nts in third par<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y entiti<span class=\"_ _1\"/>es in whose ac<span class=\"_ _1\"/>tivities t<span class=\"_ _1\"/>he Group h<span class=\"_ _1\"/>olds a non-contro<span class=\"_ _1\"/>lling interest and has no control, j<span class=\"_ _1\"/>oint control or signifi<span class=\"_ _1\"/>cant influence. The G<span class=\"_ _1\"/>roup receive<span class=\"_ _1\"/>d no divid<span class=\"_ _1\"/>ends from it<span class=\"_ _1\"/>s equit<span class=\"_ _1\"/>y secur<span class=\"_ _1\"/>ities in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 (20<span class=\"_ _1\"/>21: nil<span class=\"_ _1\"/>).Lon<span class=\"_ _1\"/>g-<span class=\"_ _6\"/>term lo<span class=\"_ _1\"/>ans mainly comprise a loan due f<span class=\"_ _1\"/>rom Wavewalker B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>. fo<span class=\"_ _1\"/>r the carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of EU<span class=\"_ _1\"/>R 4.<span class=\"_ _1\"/>5 million (3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million). The loan has to b<span class=\"_ _1\"/>e fully repaid b<span class=\"_ _1\"/>efore 3<span class=\"_ _1\"/>0 Ap<span class=\"_ _1\"/>ril 20<span class=\"_ _1\"/>27.The n<span class=\"_ _1\"/>et define<span class=\"_ _1\"/>d benef<span class=\"_ _1\"/>it asset comprises of a surplus on a U<span class=\"_ _1\"/>K pension plan as p<span class=\"_ _1\"/>er 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 (refer to <span class=\"fc14\">note 31</span><span class=\"ls1d wsa9\"> E<span class=\"_ _1\"/>mployee B<span class=\"_ _1\"/>enefit<span class=\"_ _1\"/>s<span class=\"_ _7\"/>).</span>Dep<span class=\"_ _1\"/>osits pe<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tained to th<span class=\"_ _1\"/>e lease of t<span class=\"_ _1\"/>wo geote<span class=\"_ _1\"/>chnical vessels<span class=\"_ _1\"/>. Fugro exercise<span class=\"_ _1\"/>d its purchase options on 2<span class=\"_ _1\"/>8 Fe<span class=\"_ _1\"/>bruar<span class=\"_ _1\"/>y 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2. T<span class=\"_ _1\"/>he purchase pr<span class=\"_ _1\"/>ice will be net of the d<span class=\"_ _1\"/>eposits<span class=\"_ _1\"/>, which are consequentl<span class=\"_ _1\"/>y now include<span class=\"_ _1\"/>d as par<span class=\"_ _1\"/>t of the carr<span class=\"_ _0\"/>ying amount of the r<span class=\"_ _1\"/>ight of use asset.T<span class=\"_ _6\"/>rade r<span class=\"_ _1\"/>eceivab<span class=\"_ _1\"/>les that do not contain a signif<span class=\"_ _1\"/>icant financing comp<span class=\"_ _1\"/>onent or fo<span class=\"_ _1\"/>r which the Group has appli<span class=\"_ _1\"/>ed the pr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>tical exp<span class=\"_ _1\"/>edient wh<span class=\"_ _1\"/>en it is expe<span class=\"_ _1\"/>cted<span class=\"_ _1\"/>, at contrac<span class=\"_ _1\"/>t inception<span class=\"_ _1\"/>, that the p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d bet<span class=\"_ _1\"/>ween w<span class=\"_ _1\"/>hen the G<span class=\"_ _1\"/>roup transfer<span class=\"_ _1\"/>s the pro<span class=\"_ _1\"/>mised goo<span class=\"_ _1\"/>ds or ser<span class=\"_ _1\"/>vices and when t<span class=\"_ _1\"/>he customer<span class=\"_ _1\"/>s pays for this go<span class=\"_ _1\"/>od or ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ice is one year or less<span class=\"_ _1\"/>, are measured at th<span class=\"_ _1\"/>e transa<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>n price deter<span class=\"_ _1\"/>mined unde<span class=\"_ _1\"/>r IFR<span class=\"_ _1\"/>S 15<span class=\"_ _1\"/>. O<span class=\"_ _1\"/>ther re<span class=\"_ _1\"/>ceivabl<span class=\"_ _1\"/>es are recognise<span class=\"_ _1\"/>d initially at fair v<span class=\"_ _1\"/>alue plus any direc<span class=\"_ _1\"/>tly at<span class=\"_ _1\"/>tributab<span class=\"_ _1\"/>le transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s. Subsequ<span class=\"_ _1\"/>ent to initial recogni<span class=\"_ _1\"/>tion the<span class=\"_ _1\"/>y are measured at amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost us<span class=\"_ _6\"/>ing the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interes<span class=\"_ _1\"/>t method less, any impairm<span class=\"_ _1\"/>ent losses.The G<span class=\"_ _1\"/>roup applies th<span class=\"_ _1\"/>e Exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted Cre<span class=\"_ _1\"/>dit Loss (E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>) model<span class=\"_ _1\"/>. For tr<span class=\"_ _1\"/>ade re<span class=\"_ _1\"/>ceivables an<span class=\"_ _1\"/>d unbilled re<span class=\"_ _1\"/>venue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s, th<span class=\"_ _1\"/>e Group appli<span class=\"_ _1\"/>es a simplified app<span class=\"_ _1\"/>roach in calculating E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>s. Th<span class=\"_ _1\"/>erefore<span class=\"_ _1\"/>, the Gro<span class=\"_ _1\"/>up does not tr<span class=\"_ _1\"/>ack chang<span class=\"_ _1\"/>es in credit risk<span class=\"_ _1\"/>, but instead recognises a l<span class=\"_ _1\"/>oss allowance based o<span class=\"_ _1\"/>n lifetime EC<span class=\"_ _1\"/>Ls at ea<span class=\"_ _1\"/>ch repo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ing date. Refer to <span class=\"fc14\">note </span>34.2<span class=\"fc2 ls2 ws2\"> Credit risk for de<span class=\"_ _1\"/>tails on how the G<span class=\"_ _1\"/>roup applies t<span class=\"_ _1\"/>he ECL m<span class=\"_ _1\"/>odel.</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade receivables<span class=\"_ _23f\"> </span><span class=\"ls2 ws2\">291,207<span class=\"_ _2b\"> </span><span class=\"ff8 fc14\">24<span class=\"_ _1\"/>0,035</span></span>Unbilled rev<span class=\"_ _6\"/>enue on (<span class=\"_ _7\"/>completed) projects<span class=\"_ _238\"> </span><span class=\"ls2 ws2\">216,744<span class=\"_ _f9\"> </span><span class=\"ff8 fc14\">186,002</span></span>Prepayments<span class=\"_ _240\"> </span><span class=\"ls2 ws2\">28,882<span class=\"_ _6e\"> </span><span class=\"ff8 fc14\">29,7<span class=\"_ _1\"/>16</span></span>VA<span class=\"_ _6\"/>T and oth<span class=\"_ _1\"/>er tax r<span class=\"_ _1\"/>eceiv<span class=\"_ _1\"/>ables<span class=\"_ _233\"> </span>3<span class=\"_ _1\"/>0,563<span class=\"_ _20\"> </span><span class=\"ff8 fc14\">17<span class=\"_ _7\"/>,927</span>Other receivables <span class=\"_ _1c1\"> </span><span class=\"ls2 ws2\">36,079<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">39,140</span></span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _204\"> </span>6<span class=\"_ _1\"/>03,475<span class=\"_ _17b\"> </span><span class=\"fc14\">512,820</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade receivable<span class=\"_ _6\"/>s are s<span class=\"_ _6\"/>hown net of<span class=\"_ _6\"/> impai<span class=\"_ _6\"/>rment los<span class=\"_ _6\"/>ses (<span class=\"_ _7\"/>see below) aris<span class=\"_ _6\"/>ing from iden<span class=\"_ _7\"/>tif<span class=\"_ _1\"/>ied doubt<span class=\"_ _1\"/>ful receiv<span class=\"_ _1\"/>ables fro<span class=\"_ _1\"/>m customers as we<span class=\"_ _1\"/>ll as expec<span class=\"_ _1\"/>ted cre<span class=\"_ _1\"/>dit losses. O<span class=\"_ _1\"/>ther re<span class=\"_ _1\"/>ceivabl<span class=\"_ _1\"/>es include s<span class=\"_ _7\"/>hor<span class=\"_ _1\"/>t-<span class=\"_ _7\"/>term deposits and curren<span class=\"_ _6\"/>t por<span class=\"_ _1\"/>tion of<span class=\"_ _6\"/> long-<span class=\"_ _6\"/>term receivables wi<span class=\"_ _6\"/>th an impairme<span class=\"_ _1\"/>nt loss of EUR 5<span class=\"_ _1\"/>24 thousand re<span class=\"_ _1\"/>cognised in the year (<span class=\"_ _1\"/>202<span class=\"_ _1\"/>1: nil<span class=\"_ _1\"/>). Impairm<span class=\"_ _1\"/>ent lossesT<span class=\"_ _6\"/>rade r<span class=\"_ _1\"/>eceivab<span class=\"_ _1\"/>les were impaire<span class=\"_ _1\"/>d taking into account the f<span class=\"_ _1\"/>inancial positio<span class=\"_ _1\"/>n of the debtor<span class=\"_ _1\"/>s, the days o<span class=\"_ _1\"/>utstan<span class=\"_ _1\"/>ding, the ex<span class=\"_ _1\"/>pec<span class=\"_ _1\"/>ted outcome of n<span class=\"_ _1\"/>egotiat<span class=\"_ _1\"/>ions and legal p<span class=\"_ _1\"/>roceedin<span class=\"_ _1\"/>gs against debtor<span class=\"_ _1\"/>s and probab<span class=\"_ _1\"/>ilities of default<span class=\"_ _1\"/>. Unbilled r<span class=\"_ _1\"/>evenue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) p<span class=\"_ _1\"/>rojec<span class=\"_ _1\"/>ts does n<span class=\"_ _1\"/>ot include (material<span class=\"_ _1\"/>) impairment losses whi<span class=\"_ _1\"/>ch is simi<span class=\"_ _6\"/>lar to previ<span class=\"_ _1\"/>ous year<span class=\"_ _7\"/>. T<span class=\"_ _1\"/>he age<span class=\"_ _1\"/>ing of tra<span class=\"_ _1\"/>de receiv<span class=\"_ _1\"/>ables and unbille<span class=\"_ _1\"/>d revenue on (completed<span class=\"_ _1\"/>) contrac<span class=\"_ _1\"/>ts at t<span class=\"_ _1\"/>he repo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ing date is a<span class=\"_ _6\"/>s follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _241\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022</span>Estimated total gros<span class=\"_ _6\"/>s car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g Expected amount at Expectedcre<span class=\"_ _1\"/>dit l<span class=\"_ _1\"/>oss Statusdefaultcredit lossra<span class=\"_ _1\"/>te %Past du<span class=\"_ _1\"/>e for 0 to 3<span class=\"_ _1\"/>0 days<span class=\"_ _47\"> </span><span class=\"ls4c ws53\">Fully perfor<span class=\"_ _1\"/>ming<span class=\"_ _12a\"> </span></span>4<span class=\"_ _1\"/>03,381<span class=\"_ _231\"> </span>292<span class=\"_ _ae\"> </span>0.07Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 31 to 6<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _da\"> </span><span class=\"ls2 ws2\">53,261<span class=\"_ _e0\"> </span>480<span class=\"_ _d1\"> </span>0.90</span>Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 61 to 9<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _1f8\"> </span><span class=\"ls2 ws2\">18,243<span class=\"_ _a3\"> </span><span class=\"ls43 ws4b\">86<span class=\"_ _8e\"> </span></span>0.47</span>Past du<span class=\"_ _1\"/>e for over 9<span class=\"_ _1\"/>0 days<span class=\"_ _17f\"> </span><span class=\"ls7a ws7f\">(Mater<span class=\"_ _1\"/>ially) impaire<span class=\"_ _1\"/>d<span class=\"_ _231\"> </span></span>33,559<span class=\"_ _22\"> </span>13,565<span class=\"_ _5d\"> </span>40.42Retention<span class=\"_ _6\"/>s and s<span class=\"_ _6\"/>pecial item<span class=\"_ _6\"/>s<span class=\"_ _238\"> </span><span class=\"ls2 ws2\">14,498<span class=\"_ _df\"> </span><span class=\"ls43 ws4b\">568<span class=\"_ _ae\"> </span></span>3.92</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _23a\"> </span>522,942<span class=\"_ _22\"> </span>14,991(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _184\"> </span><span class=\"ff7 fs3 ls1dc ws1e2\">2021</span>Estimated total gros<span class=\"_ _6\"/>s car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g Expected amount at Expectedcre<span class=\"_ _1\"/>dit l<span class=\"_ _1\"/>oss Statusdefaultcredit lossra<span class=\"_ _1\"/>te %Past du<span class=\"_ _1\"/>e for 0 to 3<span class=\"_ _1\"/>0 days<span class=\"_ _47\"> </span><span class=\"ls4c ws53\">Fully perfor<span class=\"_ _1\"/>ming<span class=\"_ _129\"> </span></span><span class=\"ff8 fc14\">353,829<span class=\"_ _e1\"> </span><span class=\"ls43 ws4b\">95<span class=\"_ _d1\"> </span></span>0.03</span>Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 31 to 6<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _41\"> </span><span class=\"ff8 fc14 ls2 ws2\">34,28<span class=\"_ _1\"/>6<span class=\"_ _e0\"> </span>998<span class=\"_ _df\"> </span>2.91</span>Not (mater<span class=\"_ _1\"/>ially) Past du<span class=\"_ _1\"/>e for 61 to 9<span class=\"_ _1\"/>0 daysimpaire<span class=\"_ _1\"/>d<span class=\"_ _1d2\"> </span><span class=\"ff8 fc14 ls2 ws2\">8,96<span class=\"_ _1\"/>8<span class=\"_ _b2\"> </span>552<span class=\"_ _df\"> </span><span class=\"ls1df ws1e5\">6<span class=\"_ _1\"/>.1<span class=\"_ _1\"/>6</span></span>Past du<span class=\"_ _1\"/>e for over 9<span class=\"_ _1\"/>0 days<span class=\"_ _17f\"> </span><span class=\"ls7a ws7f\">(Mater<span class=\"_ _1\"/>ially) impaire<span class=\"_ _1\"/>d<span class=\"_ _b1\"> </span></span><span class=\"ff8 fc14\">35,<span class=\"_ _1\"/>281<span class=\"_ _73\"> </span>13,7<span class=\"_ _1\"/>11<span class=\"_ _1c9\"> </span>38.86</span>Retention<span class=\"_ _6\"/>s and s<span class=\"_ _6\"/>pecial item<span class=\"_ _6\"/>s<span class=\"_ _242\"> </span><span class=\"ff8 fc14 ls2 ws2\">9,<span class=\"_ _6\"/>111<span class=\"_ _e1\"> </span><span class=\"ls87 ws3b\">82<span class=\"_ _d1\"> </span></span>0.90</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _243\"> </span><span class=\"fc14\">441,475<span class=\"_ _84\"> </span>15,438</span>The m<span class=\"_ _1\"/>ovement in the allo<span class=\"_ _1\"/>wance for impairm<span class=\"_ _1\"/>ent in respec<span class=\"_ _1\"/>t of tra<span class=\"_ _1\"/>de receiv<span class=\"_ _1\"/>ables and unbilled re<span class=\"_ _1\"/>venue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s during th<span class=\"_ _1\"/>e year was as follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y<span class=\"_ _244\"> </span><span class=\"ff4 fs6 ls2\">15,438<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">16,835</span></span>Impairme<span class=\"_ _1\"/>nt loss recognised<span class=\"_ _1f0\"> </span><span class=\"ls2 ws2\">2,918<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">4,<span class=\"_ _6\"/>144</span></span>Impairment<span class=\"_ _6\"/> loss rev<span class=\"_ _6\"/>ersed<span class=\"_ _23e\"> </span><span class=\"ls2 ws2\">(2,003)<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">(1,8<span class=\"_ _1\"/>61)</span></span>Write-<span class=\"_ _1\"/>off<span class=\"_ _245\"> </span><span class=\"ls2 ws2\">(1,972)<span class=\"_ _9b\"> </span><span class=\"ff8 fc14\">(4,767)</span></span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of moveme<span class=\"_ _1\"/>nts in exchan<span class=\"_ _1\"/>ge rates<span class=\"_ _246\"> </span><span class=\"ls1ed ws1f2\">610<span class=\"_ _89\"> </span></span><span class=\"ff8 fc14\">1,087</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _bd\"> </span>14,991<span class=\"_ _84\"> </span><span class=\"fc14\">15,438</span>The allowanc<span class=\"_ _6\"/>e acc<span class=\"_ _7\"/>ount with res<span class=\"_ _6\"/>pec<span class=\"_ _1\"/>t to<span class=\"_ _6\"/> trade receivables and u<span class=\"_ _6\"/>nbil<span class=\"_ _6\"/>led revenue on (<span class=\"_ _6\"/>completed<span class=\"_ _1\"/>) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s are used to re<span class=\"_ _1\"/>cord impairment losses unless t<span class=\"_ _1\"/>he Group is satisfi<span class=\"_ _1\"/>ed that no re<span class=\"_ _1\"/>cover<span class=\"_ _1\"/>y of the amount owin<span class=\"_ _1\"/>g is possible. At that p<span class=\"_ _1\"/>oint the amount considere<span class=\"_ _1\"/>d irre<span class=\"_ _1\"/>coverable is wri<span class=\"_ _1\"/>tten of<span class=\"_ _1\"/>f direc<span class=\"_ _1\"/>tly against th<span class=\"_ _1\"/>e allowance. T<span class=\"_ _1\"/>he changes in th<span class=\"_ _1\"/>e aforeme<span class=\"_ _1\"/>ntione<span class=\"_ _1\"/>d balances contributed to chan<span class=\"_ _1\"/>ges in the loss allow<span class=\"_ _1\"/>ance. Consistent with prio<span class=\"_ _1\"/>r year<span class=\"_ _6\"/>, there ar<span class=\"_ _1\"/>e no material tr<span class=\"_ _1\"/>ade recei<span class=\"_ _1\"/>vables whi<span class=\"_ _1\"/>ch were writ<span class=\"_ _1\"/>ten of<span class=\"_ _1\"/>f during 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 and which are<span class=\"_ _6\"/> still s<span class=\"_ _7\"/>ubjec<span class=\"_ _1\"/>t to<span class=\"_ _6\"/> enforc<span class=\"_ _6\"/>ement activity.26<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls11f ws3b\">C<span class=\"_ _1\"/>A<span class=\"_ _1\"/>SH A<span class=\"_ _1\"/>N<span class=\"_ _1\"/>D C<span class=\"_ _1\"/>AS<span class=\"_ _1\"/>H E<span class=\"_ _1\"/>Q<span class=\"_ _1\"/>UI<span class=\"_ _1\"/>VAL<span class=\"_ _1\"/>E<span class=\"_ _1\"/>N<span class=\"_ _1\"/>TS</span>In the consoli<span class=\"_ _1\"/>dated stateme<span class=\"_ _1\"/>nt of cash flows<span class=\"_ _1\"/>, cash and cash equiv<span class=\"_ _1\"/>alents inclu<span class=\"_ _1\"/>de cash in hand and call de<span class=\"_ _1\"/>posits<span class=\"_ _1\"/>. Bank overdr<span class=\"_ _1\"/>aft<span class=\"_ _1\"/>s that are repay<span class=\"_ _1\"/>able on deman<span class=\"_ _1\"/>d and which fo<span class=\"_ _1\"/>rm an integral p<span class=\"_ _1\"/>ar<span class=\"_ _1\"/>t of the Group\u2019s cash managem<span class=\"_ _1\"/>ent are include<span class=\"_ _1\"/>d as a c<span class=\"_ _6\"/>ompo<span class=\"_ _1\"/>nent of cash and cash equiv<span class=\"_ _1\"/>alents fo<span class=\"_ _1\"/>r the purp<span class=\"_ _1\"/>ose of the consolidated st<span class=\"_ _1\"/>atement of cash fl<span class=\"_ _1\"/>ows. Bank overdr<span class=\"_ _1\"/>aft<span class=\"_ _1\"/>s are shown w<span class=\"_ _1\"/>ithin the curre<span class=\"_ _1\"/>nt liabilities in the consolidate<span class=\"_ _1\"/>d statement of financial p<span class=\"_ _1\"/>osition<span class=\"_ _1\"/>.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Cash and c<span class=\"_ _1\"/>ash equival<span class=\"_ _1\"/>ents <span class=\"_ _247\"> </span><span class=\"ls43 ws4b\">209,090<span class=\"_ _f9\"> </span></span><span class=\"ff8 fc14\">148,95<span class=\"_ _1\"/>6</span>Bank ove<span class=\"_ _1\"/>rdraf<span class=\"_ _1\"/>t <span class=\"_ _248\"> </span>(2,059)<span class=\"_ _65\"> </span><span class=\"ff8 fc14\">(1,824)</span>Cas<span class=\"_ _1\"/>h and cash e<span class=\"_ _1\"/>qui<span class=\"_ _1\"/>vale<span class=\"_ _1\"/>nts in t<span class=\"_ _1\"/>he conso<span class=\"_ _1\"/>lida<span class=\"_ _1\"/>ted st<span class=\"_ _1\"/>atem<span class=\"_ _1\"/>ent of cash flows<span class=\"_ _1ee\"> </span><span class=\"ls2 ws2\">2<span class=\"_ _1\"/>07<span class=\"_ _3\"/>,031<span class=\"_ _65\"> </span><span class=\"fc14\">147<span class=\"_ _3\"/>,132</span></span>The c<span class=\"_ _1\"/>ash and cash equivalent<span class=\"_ _1\"/>s disclosed ab<span class=\"_ _1\"/>ove and in the consolidate<span class=\"_ _1\"/>d statement of cash fl<span class=\"_ _1\"/>ows include E<span class=\"_ _1\"/>UR 9.4 million (3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 8<span class=\"_ _1\"/>.<span class=\"_ _1\"/>8 million) of Angolan Kw<span class=\"_ _1\"/>anza\u2019<span class=\"_ _6\"/>s and EU<span class=\"_ _1\"/>R 6<span class=\"_ _1\"/>.9 mi<span class=\"_ _6\"/>llion (31 D<span class=\"_ _1\"/>ecembe<span class=\"_ _1\"/>r 202<span class=\"_ _1\"/>1: EU<span class=\"_ _1\"/>R 6<span class=\"_ _1\"/>.<span class=\"_ _1\"/>8 million<span class=\"_ _6\"/>) of Niger<span class=\"_ _1\"/>ian Naira w<span class=\"_ _1\"/>here exchang<span class=\"_ _1\"/>e controls apply (these bala<span class=\"_ _1\"/>nces are considered tr<span class=\"_ _1\"/>appe<span class=\"_ _1\"/>d cash<span class=\"_ _6\"/>). These t<span class=\"_ _1\"/>rappe<span class=\"_ _1\"/>d cash balances are not availab<span class=\"_ _1\"/>le for gen<span class=\"_ _1\"/>eral use by oth<span class=\"_ _1\"/>er entities wi<span class=\"_ _1\"/>thin the group.3<span class=\"_ _1\"/>0. <span class=\"_ _d\"> </span><span class=\"ff5 fs6 lsf7 ws3d\">F<span class=\"_ _1\"/>INANCIAL LIABILITIES</span>The G<span class=\"_ _1\"/>roup\u2019s financial liabilities consist of loans and b<span class=\"_ _1\"/>orrow<span class=\"_ _1\"/>ings, lease liabiliti<span class=\"_ _1\"/>es, bank overdraf<span class=\"_ _1\"/>t<span class=\"_ _1\"/>s, tr<span class=\"_ _1\"/>ade and oth<span class=\"_ _1\"/>er payables<span class=\"_ _1\"/>, other t<span class=\"_ _1\"/>axes and so<span class=\"_ _1\"/>cial securit<span class=\"_ _1\"/>y contr<span class=\"_ _1\"/>ibutions. All f<span class=\"_ _1\"/>inancial liabilities are re<span class=\"_ _1\"/>cognised initially at f<span class=\"_ _1\"/>air value and<span class=\"_ _1\"/>, in the case of loans and bor<span class=\"_ _1\"/>rowings and pay<span class=\"_ _1\"/>ables, n<span class=\"_ _1\"/>et of direc<span class=\"_ _1\"/>tly att<span class=\"_ _1\"/>ributabl<span class=\"_ _1\"/>e transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s. Af<span class=\"_ _1\"/>ter initial recogni<span class=\"_ _1\"/>tion, interes<span class=\"_ _1\"/>t<span class=\"_ _7\"/>-b<span class=\"_ _1\"/>earing loans and b<span class=\"_ _1\"/>orro<span class=\"_ _1\"/>wings are subsequentl<span class=\"_ _1\"/>y measured at amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost us<span class=\"_ _6\"/>ing the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest r<span class=\"_ _1\"/>ate metho<span class=\"_ _1\"/>d. Gains and losses are r<span class=\"_ _1\"/>ecognisedin profit o<span class=\"_ _1\"/>r loss when th<span class=\"_ _1\"/>e liabilities are dere<span class=\"_ _1\"/>cognised. T<span class=\"_ _1\"/>he ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest r<span class=\"_ _1\"/>ate amor<span class=\"_ _1\"/>tisatio<span class=\"_ _1\"/>n is included as f<span class=\"_ _1\"/>inance c<span class=\"_ _6\"/>osts in t<span class=\"_ _1\"/>he stateme<span class=\"_ _1\"/>nt of c<span class=\"_ _6\"/>ompreh<span class=\"_ _1\"/>ensive income. Amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ised cost is calculated by t<span class=\"_ _1\"/>aking into account any di<span class=\"_ _6\"/>scount or premium on acquisition and fe<span class=\"_ _1\"/>es or costs that are an inte<span class=\"_ _1\"/>gral par<span class=\"_ _1\"/>t of the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interes<span class=\"_ _1\"/>t rate. The f<span class=\"_ _1\"/>air value of the liab<span class=\"_ _1\"/>ility p<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tion of a conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>ond is initially de<span class=\"_ _1\"/>termined using amarket interest r<span class=\"_ _1\"/>ate for an equiv<span class=\"_ _1\"/>alent non-conver<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ible bond at t<span class=\"_ _1\"/>he issue date. This amount is re<span class=\"_ _1\"/>corded as a liabilit<span class=\"_ _1\"/>y on an amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost basi<span class=\"_ _6\"/>s until ex<span class=\"_ _1\"/>tinguished on conv<span class=\"_ _6\"/>ersion, redemption, or matu<span class=\"_ _6\"/>rity of the bonds. The remainder o<span class=\"_ _7\"/>f the proceeds is allocated t<span class=\"_ _6\"/>o the con<span class=\"_ _6\"/>version option. Thi<span class=\"_ _7\"/>s is recogni<span class=\"_ _6\"/>sed and incl<span class=\"_ _6\"/>uded in s<span class=\"_ _6\"/>hareholders\u2019 equit<span class=\"_ _1\"/>y (in a sep<span class=\"_ _1\"/>arate categ<span class=\"_ _1\"/>or<span class=\"_ _1\"/>y \u2018equit<span class=\"_ _1\"/>y component of conver<span class=\"_ _1\"/>tibl<span class=\"_ _1\"/>e bonds\u2019<span class=\"_ _1\"/>), net of income tax ef<span class=\"_ _1\"/>fe<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s and is not subsequently r<span class=\"_ _1\"/>emeasured. T<span class=\"_ _1\"/>his remaining equit<span class=\"_ _1\"/>y compon<span class=\"_ _1\"/>ent is transferred to r<span class=\"_ _6\"/>etained earnin<span class=\"_ _6\"/>gs upon repu<span class=\"_ _6\"/>rchas<span class=\"_ _6\"/>e or repaymen<span class=\"_ _6\"/>t of c<span class=\"_ _7\"/>onver<span class=\"_ _1\"/>tible bonds.The G<span class=\"_ _1\"/>roup has not designated any f<span class=\"_ _1\"/>inancial liabilit<span class=\"_ _1\"/>y as at fair value t<span class=\"_ _1\"/>hrough prof<span class=\"_ _1\"/>it or loss<span class=\"_ _1\"/>.The G<span class=\"_ _1\"/>roup dere<span class=\"_ _1\"/>cognises a financial liabilit<span class=\"_ _1\"/>y wh<span class=\"_ _1\"/>en its contr<span class=\"_ _1\"/>actua<span class=\"_ _1\"/>l obligations are discharged<span class=\"_ _1\"/>, cancelle<span class=\"_ _1\"/>d or expire<span class=\"_ _1\"/>d. Wh<span class=\"_ _1\"/>en an existing f<span class=\"_ _1\"/>inancial liabilit<span class=\"_ _1\"/>y is replaced by anothe<span class=\"_ _1\"/>r from the s<span class=\"_ _1\"/>ame lende<span class=\"_ _1\"/>r on substantially dif<span class=\"_ _1\"/>ferent terms<span class=\"_ _1\"/>, or the ter<span class=\"_ _1\"/>ms of an existing liabilit<span class=\"_ _1\"/>y are substant<span class=\"_ _1\"/>ially modif<span class=\"_ _1\"/>ied, such an exc<span class=\"_ _1\"/>hange or mo<span class=\"_ _1\"/>dificatio<span class=\"_ _1\"/>n is treated as the der<span class=\"_ _1\"/>ecognitio<span class=\"_ _1\"/>n of the original liabilit<span class=\"_ _1\"/>y and t<span class=\"_ _1\"/>he recognit<span class=\"_ _1\"/>ion of a new liabilit<span class=\"_ _1\"/>y. The dif<span class=\"_ _1\"/>feren<span class=\"_ _1\"/>ce in the respec<span class=\"_ _1\"/>tive c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unts is recognise<span class=\"_ _1\"/>d in the stateme<span class=\"_ _1\"/>nt of prof<span class=\"_ _1\"/>it or loss<span class=\"_ _1\"/>.Financial assets an<span class=\"_ _1\"/>d liabilities are of<span class=\"_ _1\"/>fset and t<span class=\"_ _1\"/>he net amount pres<span class=\"_ _1\"/>ented in the st<span class=\"_ _1\"/>atement of financial p<span class=\"_ _1\"/>osition whe<span class=\"_ _1\"/>n, and onl<span class=\"_ _1\"/>y when, t<span class=\"_ _1\"/>he Group has a curr<span class=\"_ _1\"/>ently enforceabl<span class=\"_ _1\"/>e legal right to of<span class=\"_ _1\"/>fset th<span class=\"_ _1\"/>e recognised am<span class=\"_ _1\"/>ounts and intends eit<span class=\"_ _1\"/>her to set<span class=\"_ _1\"/>tle on a ne<span class=\"_ _1\"/>t basis or to realise the asset and s<span class=\"_ _1\"/>ettl<span class=\"_ _1\"/>e the liabilit<span class=\"_ _1\"/>y simultaneo<span class=\"_ _1\"/>usly<span class=\"_ _7\"/>.3<span class=\"_ _1\"/>0.1 <span class=\"_ _d\"> </span><span class=\"ff2 fs3 ls15c ws16a\">L<span class=\"_ _1\"/>oans<span class=\"_ _7\"/> and borrowings</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Supe<span class=\"_ _1\"/>r senior re<span class=\"_ _1\"/>volving c<span class=\"_ _1\"/>redit f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y of EU<span class=\"_ _1\"/>R 25<span class=\"_ _1\"/>0 millio<span class=\"_ _1\"/>n-12,521Senior term loan<span class=\"_ _6\"/> of EUR 20<span class=\"_ _1\"/>0 mil<span class=\"_ _6\"/>lion<span class=\"_ _1f5\"> </span><span class=\"ls43 ws4b\">20<span class=\"_ _1\"/>0,234</span>-Super senior<span class=\"_ _6\"/> term loan o<span class=\"_ _6\"/>f EUR 20<span class=\"_ _1\"/>0 mill<span class=\"_ _6\"/>ion-186,217Nine hun<span class=\"_ _1\"/>dred and te<span class=\"_ _1\"/>n subordinated uns<span class=\"_ _1\"/>ecured conv<span class=\"_ _1\"/>er<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds of EU<span class=\"_ _1\"/>R 10<span class=\"_ _1\"/>0<span class=\"_ _1\"/>,<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 (issued in 2<span class=\"_ _1\"/>01<span class=\"_ _1\"/>7<span class=\"_ _1\"/>)<span class=\"_ _259\"> </span>40,348<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">92,123</span>Other loans and<span class=\"_ _6\"/> long-<span class=\"_ _6\"/>term borrowings<span class=\"_ _25a\"> </span><span class=\"ls2 ws2\">4,886<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">1,5<span class=\"_ _1\"/>58</span></span>Subto<span class=\"_ _1\"/>tal<span class=\"_ _1bf\"> </span><span class=\"ls2 ws2\">245,468<span class=\"_ _17b\"> </span><span class=\"fc14\">292,419</span></span>Less: cur<span class=\"_ _1\"/>rent po<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tion of loa<span class=\"_ _1\"/>ns and bor<span class=\"_ _1\"/>rowings<span class=\"_ _1d\"> </span>(3,801)<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">(93,241)</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _25b\"> </span>241,667<span class=\"_ _c0\"> </span><span class=\"fc14\">199,178</span>T<span class=\"_ _7\"/>er<span class=\"_ _1\"/>ms a<span class=\"_ _6\"/>nd debt rep<span class=\"_ _6\"/>ayment s<span class=\"_ _6\"/>cheduleT<span class=\"_ _7\"/>er<span class=\"_ _1\"/>ms<span class=\"_ _6\"/> and c<span class=\"_ _6\"/>onditions<span class=\"_ _6\"/> of outstandi<span class=\"_ _6\"/>ng loans<span class=\"_ _6\"/> were as<span class=\"_ _6\"/> follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _25c\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _9a\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>Year of  Ca<span class=\"_ _1\"/>rr<span class=\"_ _1\"/>yi<span class=\"_ _1\"/>ng Ca<span class=\"_ _1\"/>rr<span class=\"_ _1\"/>yi<span class=\"_ _1\"/>ng Curr<span class=\"_ _1\"/>ency<span class=\"_ _f0\"> </span><span class=\"ls1b5 ws1b9\">N<span class=\"_ _1\"/>ominal<span class=\"_ _6\"/> interest rate</span>maturit<span class=\"_ _1\"/>y<span class=\"_ _9\"> </span><span class=\"ls1b5 ws1b9\">Face value</span>value<span class=\"_ _9\"> </span>Face valuevalueSeni<span class=\"_ _1\"/>or RCF of<span class=\"_ _1\"/> EUR 1<span class=\"_ _1\"/>4<span class=\"_ _1\"/>0 million and a<span class=\"_ _1\"/>ncillar<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y of EU<span class=\"_ _1\"/>R 6<span class=\"_ _1\"/>0 million<span class=\"_ _a1\"> </span>EUR<span class=\"_ _1\"/>/Variable   <span class=\"_ _1e7\"> </span><span class=\"ff8 ws2\">EURIBOR + 1.75<span class=\"_ _0\"/>% \u2013 3.75<span class=\"_ _1\"/>% <span class=\"_ _3\"/> <span class=\"_ _20\"> </span><span class=\"ws201\">2<span class=\"_ _1\"/>025   </span></span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">-<span class=\"_ _a0\"> </span>-</span>Supe<span class=\"_ _1\"/>r senior re<span class=\"_ _1\"/>volving c<span class=\"_ _1\"/>redit f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y of EU<span class=\"_ _1\"/>R 25<span class=\"_ _1\"/>0 millio<span class=\"_ _1\"/>n<span class=\"_ _17d\"> </span>EUR<span class=\"_ _e9\"> </span><span class=\"ff8\">EURIBOR +2.75<span class=\"_ _1\"/>%</span>-5.50<span class=\"_ _0\"/>%<span class=\"_ _89\"> </span>2<span class=\"_ _1\"/>023-<span class=\"_ _e3\"> </span>-12,500<span class=\"_ _1c9\"> </span>12,521Senior term loan<span class=\"_ _6\"/> of EUR 20<span class=\"_ _1\"/>0 mil<span class=\"_ _6\"/>lion<span class=\"_ _25d\"> </span><span class=\"ls2 ws201\">EUR   <span class=\"_ _ed\"> </span><span class=\"ff8 ws2\">EURIBOR +3.25<span class=\"_ _0\"/>%</span></span>- +5.00<span class=\"_ _0\"/>%<span class=\"_ _92\"> </span><span class=\"ws201\">202<span class=\"_ _1\"/>5   <span class=\"_ _10b\"> </span><span class=\"ff4 ls167 wsc4\">200,000<span class=\"_ _d0\"> </span><span class=\"ls43 ws4b\">200,234</span></span></span>-<span class=\"_ _e3\"> </span>-Super senior<span class=\"_ _6\"/> term loan o<span class=\"_ _6\"/>f EUR 20<span class=\"_ _1\"/>0 mill<span class=\"_ _6\"/>ion<span class=\"_ _109\"> </span><span class=\"ls2 ws201\">EUR   <span class=\"_ _f5\"> </span><span class=\"ff8 ws2\">EURIBOR +5.50<span class=\"_ _1\"/>%</span></span>- +8.00<span class=\"_ _0\"/>%<span class=\"_ _89\"> </span><span class=\"ws201\">2<span class=\"_ _1\"/>023   </span>-<span class=\"_ _e3\"> </span>-188,000<span class=\"_ _6f\"> </span>186,217Subo<span class=\"_ _1\"/>rdinated unsecur<span class=\"_ _1\"/>ed conver<span class=\"_ _1\"/>tibl<span class=\"_ _1\"/>e bonds of E<span class=\"_ _1\"/>UR 1<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 million (<span class=\"_ _1\"/>issued 20<span class=\"_ _1\"/>17<span class=\"_ _1\"/>)<span class=\"_ _73\"> </span>EUR  <span class=\"_ _3e\"> </span><span class=\"ff8\">4.50<span class=\"_ _0\"/>%  <span class=\"_ _1c9\"> </span>2<span class=\"_ _1\"/>024  <span class=\"_ _fa\"> </span></span>42,5<span class=\"_ _1\"/>00<span class=\"_ _b4\"> </span>40,34<span class=\"_ _1\"/>8<span class=\"_ _39\"> </span><span class=\"ff8 fc14\">100,00<span class=\"_ _1\"/>0<span class=\"_ _6e\"> </span>92,123</span>Other long-term<span class=\"_ _6\"/> loans<span class=\"_ _1ba\"> </span><span class=\"ls2 ws2\">V<span class=\"_ _7\"/>ariable<span class=\"_ _25e\"> </span><span class=\"ff8\">4<span class=\"_ _1\"/>% </span></span>- 5.51<span class=\"_ _1\"/>%<span class=\"_ _58\"> </span>2023-2024<span class=\"_ _61\"> </span><span class=\"ff4\">4,886<span class=\"_ _61\"> </span>4,886<span class=\"_ _89\"> </span></span><span class=\"fc14\">1,558<span class=\"_ _89\"> </span>1,558</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _14b\"> </span>247<span class=\"_ _7\"/>,386<span class=\"_ _3a\"> </span>245,4<span class=\"_ _1\"/>68<span class=\"_ _3a\"> </span><span class=\"fc14\">302,05<span class=\"_ _1\"/>8<span class=\"_ _17b\"> </span>292,419</span>Senior Fac<span class=\"_ _6\"/>ility AgreementThe se<span class=\"_ _1\"/>nior RCF an<span class=\"_ _1\"/>d senior ter<span class=\"_ _1\"/>m loan are par<span class=\"_ _1\"/>t of a Seni<span class=\"_ _1\"/>or Facilit<span class=\"_ _1\"/>y Agre<span class=\"_ _1\"/>ement (SFA). T<span class=\"_ _1\"/>he SFA was arr<span class=\"_ _1\"/>anged by I<span class=\"_ _1\"/>NG<span class=\"_ _1\"/>, Rabo<span class=\"_ _1\"/>bank, A<span class=\"_ _1\"/>BN A<span class=\"_ _1\"/>MR<span class=\"_ _1\"/>O, HSBC<span class=\"_ _1\"/>, B<span class=\"_ _1\"/>arclays and B<span class=\"_ _1\"/>NP Par<span class=\"_ _1\"/>ibas. The s<span class=\"_ _1\"/>enior RCF and s<span class=\"_ _1\"/>enior term l<span class=\"_ _1\"/>oan rank par<span class=\"_ _1\"/>i passu with each oth<span class=\"_ _1\"/>er and the bilater<span class=\"_ _1\"/>al guarante<span class=\"_ _1\"/>e facilities<span class=\"_ _6\"/> and (if a<span class=\"_ _6\"/>pplicable<span class=\"_ _7\"/>) hedge liabil<span class=\"_ _6\"/>ities. The senior RCF and<span class=\"_ _6\"/> senior term loa<span class=\"_ _6\"/>n are secure<span class=\"_ _1\"/>d by a comprehe<span class=\"_ _1\"/>nsive securit<span class=\"_ _1\"/>y pack<span class=\"_ _1\"/>age that is shared wit<span class=\"_ _1\"/>h lender<span class=\"_ _1\"/>s of cert<span class=\"_ _1\"/>ain bilateral guarante<span class=\"_ _1\"/>e facilit<span class=\"_ _1\"/>y provi<span class=\"_ _1\"/>ders and (<span class=\"_ _1\"/>if applicable) hedg<span class=\"_ _1\"/>e counterpar<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>. The se<span class=\"_ _1\"/>curit<span class=\"_ _1\"/>y packag<span class=\"_ _1\"/>e is summarised as follow<span class=\"_ _1\"/>s: Fugro N<span class=\"_ _1\"/>.<span class=\"_ _6\"/>V<span class=\"_ _6\"/>. and each of it<span class=\"_ _1\"/>s subsidiaries that is a guarantor und<span class=\"_ _1\"/>er the SFA guar<span class=\"_ _1\"/>anteed t<span class=\"_ _1\"/>he obligatio<span class=\"_ _1\"/>ns of each of the othe<span class=\"_ _1\"/>r subs<span class=\"_ _6\"/>idiaries und<span class=\"_ _1\"/>er the SFA<span class=\"_ _1\"/>.<span class=\"_ _1\"/> Secur<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y has been pr<span class=\"_ _1\"/>ovided ove<span class=\"_ _1\"/>r the shares of each of th<span class=\"_ _1\"/>e guarantors<span class=\"_ _1\"/>. In additi<span class=\"_ _1\"/>on, cer<span class=\"_ _1\"/>tain Dutch<span class=\"_ _1\"/>, Cura\u00e7ao an<span class=\"_ _1\"/>d other fo<span class=\"_ _1\"/>reign subsidiaries ac<span class=\"_ _1\"/>t as guarantor for t<span class=\"_ _1\"/>he SFA and each of them p<span class=\"_ _1\"/>rovided s<span class=\"_ _1\"/>ecurit<span class=\"_ _1\"/>y over it<span class=\"_ _1\"/>s bank accounts and all it<span class=\"_ _1\"/>s intercompany receiv<span class=\"_ _1\"/>ables.Pledge<span class=\"_ _1\"/>d ass<span class=\"_ _6\"/>ets (<span class=\"_ _6\"/>collateral)Ca<span class=\"_ _1\"/>rr<span class=\"_ _1\"/>yi<span class=\"_ _1\"/>ng amount <span class=\"ls2 ws2\"> </span>31 D<span class=\"_ _1\"/>ece<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r (E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)2022Net e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y value of gu<span class=\"_ _1\"/>arantor<span class=\"_ _1\"/>s (<span class=\"_ _7\"/>a<span class=\"_ _1\"/>ggreg<span class=\"_ _1\"/>ated<span class=\"_ _1\"/>)<span class=\"_ _25f\"> </span>2,802,319Bank account<span class=\"_ _1\"/>s (<span class=\"_ _6\"/>of Dutch<span class=\"_ _1\"/>, Cura\u00e7<span class=\"_ _1\"/>ao and oth<span class=\"_ _1\"/>er fore<span class=\"_ _1\"/>ign subsidiaries)<span class=\"_ _260\"> </span>38,409Intercomp<span class=\"_ _1\"/>any recei<span class=\"_ _1\"/>vables (of Dutch<span class=\"_ _1\"/>, Cura\u00e7<span class=\"_ _1\"/>ao and oth<span class=\"_ _1\"/>er forei<span class=\"_ _1\"/>gn subsidiaries)<span class=\"_ _114\"> </span>7<span class=\"_ _7\"/>43,511Guar<span class=\"_ _1\"/>antees (<span class=\"_ _1\"/>liens<span class=\"_ _7\"/>) re<span class=\"_ _1\"/>lated to the seni<span class=\"_ _1\"/>or revolv<span class=\"_ _1\"/>ing credit fa<span class=\"_ _1\"/>cilit<span class=\"_ _1\"/>y and senior ter<span class=\"_ _1\"/>m loan are EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>0 million (the draw<span class=\"_ _1\"/>n amount) as of 31 De<span class=\"_ _1\"/>cember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 1<span class=\"_ _1\"/>8<span class=\"_ _1\"/>8 million drawn amount).Unde<span class=\"_ _1\"/>r cert<span class=\"_ _1\"/>ain circumstances, t<span class=\"_ _1\"/>he lende<span class=\"_ _1\"/>rs may require mandato<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y prepaym<span class=\"_ _1\"/>ent of all amounts outstandi<span class=\"_ _6\"/>ng under the<span class=\"_ _6\"/> senior RCF and the<span class=\"_ _6\"/> senior term loa<span class=\"_ _6\"/>n. Such cir<span class=\"_ _6\"/>cums<span class=\"_ _6\"/>tances include<span class=\"_ _1\"/>, amongst oth<span class=\"_ _1\"/>ers, a c<span class=\"_ _1\"/>hange of control. In a<span class=\"_ _1\"/>ddition<span class=\"_ _1\"/>, the net pro<span class=\"_ _1\"/>ceeds of a sale of substantially all of the asset<span class=\"_ _1\"/>s of the Gr<span class=\"_ _1\"/>oup are to be applie<span class=\"_ _1\"/>d towards mandator<span class=\"_ _0\"/>y prepayment o<span class=\"_ _6\"/>f the senior<span class=\"_ _6\"/> term loan and<span class=\"_ _6\"/> senior RCF<span class=\"_ _7\"/>.Div<span class=\"_ _1\"/>idend pay<span class=\"_ _1\"/>ments are res<span class=\"_ _1\"/>tric<span class=\"_ _1\"/>ted. D<span class=\"_ _1\"/>ividen<span class=\"_ _1\"/>ds may only be paid if n<span class=\"_ _1\"/>et levera<span class=\"_ _1\"/>ge is equal to or less than 2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0:<span class=\"_ _1\"/>0, an<span class=\"_ _1\"/>d distributio<span class=\"_ _1\"/>ns are cappe<span class=\"_ _1\"/>d at 60<span class=\"_ _1\"/>% of net profit<span class=\"_ _1\"/>. Covenants app<span class=\"_ _1\"/>ly, amongst ot<span class=\"_ _1\"/>hers<span class=\"_ _1\"/>, regarding th<span class=\"_ _1\"/>e solvenc<span class=\"_ _1\"/>y r<span class=\"_ _1\"/>atio, net le<span class=\"_ _1\"/>verage a<span class=\"_ _1\"/>nd interest coverag<span class=\"_ _1\"/>e.As at 3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, onl<span class=\"_ _1\"/>y the senio<span class=\"_ _1\"/>r term loan is dr<span class=\"_ _1\"/>awn, and t<span class=\"_ _1\"/>he amount is denom<span class=\"_ _1\"/>inated in Euro. Fugro has th<span class=\"_ _1\"/>e discretion to dr<span class=\"_ _1\"/>aw the senio<span class=\"_ _1\"/>r RCF and seni<span class=\"_ _1\"/>or term loan in US do<span class=\"_ _1\"/>llar (<span class=\"_ _7\"/>opt<span class=\"_ _1\"/>ional curren<span class=\"_ _1\"/>cy). Potential f<span class=\"_ _1\"/>uture draw d<span class=\"_ _1\"/>owns in US dollar would r<span class=\"_ _1\"/>esult in principal r<span class=\"_ _1\"/>epayment<span class=\"_ _1\"/>s and interest paym<span class=\"_ _1\"/>ents b<span class=\"_ _1\"/>oth in US dollar. This foreign curr<span class=\"_ _1\"/>enc<span class=\"_ _1\"/>y feature wo<span class=\"_ _1\"/>uld theref<span class=\"_ _1\"/>ore qualif<span class=\"_ _1\"/>y as closely re<span class=\"_ _1\"/>lated embe<span class=\"_ _1\"/>dded de<span class=\"_ _1\"/>rivati<span class=\"_ _1\"/>ve.3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>2 <span class=\"_ _5b\"> </span><span class=\"ff2 fs3 ls2 ws2\">Seni<span class=\"_ _1\"/>or RCF</span>On 5 Au<span class=\"_ _1\"/>gust 20<span class=\"_ _1\"/>22<span class=\"_ _1\"/>, the ex<span class=\"_ _1\"/>isting ancillar<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y amount outst<span class=\"_ _1\"/>anding of EU<span class=\"_ _1\"/>R 18<span class=\"_ _1\"/>.7 m<span class=\"_ _1\"/>illion was repai<span class=\"_ _1\"/>d. As at 3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, EU<span class=\"_ _1\"/>R nil million under t<span class=\"_ _1\"/>he senior R<span class=\"_ _1\"/>CF and ancillar<span class=\"_ _1\"/>y facilit<span class=\"_ _1\"/>y w<span class=\"_ _1\"/>as drawn (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 1<span class=\"_ _1\"/>2.<span class=\"_ _1\"/>5 millio<span class=\"_ _1\"/>n<span class=\"_ _7\"/>). T<span class=\"_ _1\"/>he senio<span class=\"_ _1\"/>r RCF may be ut<span class=\"_ _1\"/>ilised by way of drawin<span class=\"_ _1\"/>g of loans and ancillar<span class=\"_ _1\"/>y fa<span class=\"_ _1\"/>cilities. T<span class=\"_ _1\"/>he senior R<span class=\"_ _1\"/>CF represe<span class=\"_ _1\"/>nts a thre<span class=\"_ _1\"/>e-year facilit<span class=\"_ _1\"/>y (of which t<span class=\"_ _1\"/>wo year<span class=\"_ _1\"/>s and seven mo<span class=\"_ _1\"/>nths remain at 31 De<span class=\"_ _1\"/>cember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2) subjec<span class=\"_ _1\"/>t to a one year extension option (<span class=\"_ _7\"/>all lenders\u2019<span class=\"_ _6\"/> con<span class=\"_ _6\"/>sent). The c<span class=\"_ _7\"/>ompany sha<span class=\"_ _6\"/>ll apply a<span class=\"_ _6\"/>mounts borrowed under the seni<span class=\"_ _1\"/>or RCF and an<span class=\"_ _1\"/>cillar<span class=\"_ _1\"/>y facilit<span class=\"_ _1\"/>y tow<span class=\"_ _1\"/>ards gener<span class=\"_ _1\"/>al corpor<span class=\"_ _1\"/>ate and work<span class=\"_ _1\"/>ing capital purp<span class=\"_ _1\"/>oses. This includ<span class=\"_ _1\"/>es acquisitions permit<span class=\"_ _1\"/>ted un<span class=\"_ _1\"/>der the SFA<span class=\"_ _0\"/>. In additio<span class=\"_ _1\"/>n, amount<span class=\"_ _1\"/>s bor<span class=\"_ _1\"/>rowed may b<span class=\"_ _1\"/>e applied to r<span class=\"_ _1\"/>epayment of th<span class=\"_ _1\"/>e remaining amount<span class=\"_ _1\"/>s outst<span class=\"_ _1\"/>anding under th<span class=\"_ _1\"/>e subordinated unse<span class=\"_ _1\"/>cured conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds maturing in 2<span class=\"_ _1\"/>024<span class=\"_ _1\"/>. The initial inter<span class=\"_ _1\"/>est is EU<span class=\"_ _1\"/>RIB<span class=\"_ _1\"/>OR +2<span class=\"_ _1\"/>.7<span class=\"_ _1\"/>5% and d<span class=\"_ _1\"/>epending o<span class=\"_ _1\"/>n levera<span class=\"_ _1\"/>ge can var<span class=\"_ _1\"/>y b<span class=\"_ _1\"/>et<span class=\"_ _1\"/>ween EU<span class=\"_ _1\"/>RI<span class=\"_ _1\"/>BO<span class=\"_ _1\"/>R+1.<span class=\"_ _1\"/>75<span class=\"_ _1\"/>% and EUR<span class=\"_ _1\"/>IBOR+3<span class=\"_ _1\"/>.7<span class=\"_ _1\"/>5% as s<span class=\"_ _6\"/>hown below:L<span class=\"_ _1\"/>ever<span class=\"_ _1\"/>ag<span class=\"_ _1\"/>e<span class=\"_ _261\"> </span><span class=\"ff2 fs36 ls19e ws19e\">Margin</span>&gt;3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _262\"> </span><span class=\"ls2 ws2\">3.75</span>\u2264<span class=\"_ _1\"/>3<span class=\"_ _1\"/>.0<span class=\"_ _0\"/>0:1<span class=\"_ _1\"/> but &gt;2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _263\"> </span><span class=\"ls2 ws2\">3.25</span>\u2264<span class=\"_ _1\"/>2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0:1 b<span class=\"_ _1\"/>ut &gt;2<span class=\"_ _1\"/>.0<span class=\"_ _0\"/>0:1<span class=\"_ _264\"> </span><span class=\"ls2 ws2\">2.75</span>\u2264<span class=\"_ _1\"/>2<span class=\"_ _1\"/>.0<span class=\"_ _0\"/>0:1 b<span class=\"_ _1\"/>ut &gt;1<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0:1<span class=\"_ _265\"> </span><span class=\"ls2 ws2\">2.25</span>\u2264<span class=\"_ _1\"/>1.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _266\"> </span><span class=\"ls2 ws2\">1.75</span>In addition, an<span class=\"_ _6\"/> inter<span class=\"_ _6\"/>est di<span class=\"_ _6\"/>scou<span class=\"_ _6\"/>nt or pena<span class=\"_ _6\"/>lty applies, depending on the<span class=\"_ _6\"/> per<span class=\"_ _1\"/>formanc<span class=\"_ _6\"/>e on sustainab<span class=\"_ _1\"/>ilit<span class=\"_ _1\"/>y-linked K<span class=\"_ _1\"/>PI<span class=\"_ _1\"/>\u2019s (<span class=\"_ _7\"/>s<span class=\"_ _1\"/>ee b<span class=\"_ _1\"/>elow).The t<span class=\"_ _1\"/>ransac<span class=\"_ _1\"/>tion costs of t<span class=\"_ _1\"/>he senior RC<span class=\"_ _1\"/>F of EUR 3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million are re<span class=\"_ _1\"/>corded as curre<span class=\"_ _1\"/>nt assets and are amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ised over the te<span class=\"_ _1\"/>rm. Th<span class=\"_ _1\"/>e current year amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation amount<span class=\"_ _1\"/>s to EUR 0<span class=\"_ _1\"/>.4 million (<span class=\"_ _1\"/>finance e<span class=\"_ _1\"/>xpe<span class=\"_ _1\"/>nse<span class=\"_ _6\"/>).3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>3 <span class=\"_ _5b\"> </span><span class=\"ff2 fs3 ls212 ws221\">Ter<span class=\"_ _1\"/>m<span class=\"_ _1\"/> l<span class=\"_ _1\"/>oa<span class=\"_ _1\"/>n</span>As at 3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g amount of the senio<span class=\"_ _1\"/>r term loan am<span class=\"_ _1\"/>ounts to EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>0<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million with an ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest ex<span class=\"_ _1\"/>pense (at 4.<span class=\"_ _1\"/>7<span class=\"_ _1\"/>7<span class=\"_ _1\"/>%) of EUR 3<span class=\"_ _1\"/>.9 million during 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 (202<span class=\"_ _1\"/>1: car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amount EU<span class=\"_ _1\"/>R 18<span class=\"_ _1\"/>6<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million and interest e<span class=\"_ _1\"/>xpense EU<span class=\"_ _1\"/>R 14<span class=\"_ _1\"/>.7 millio<span class=\"_ _1\"/>n<span class=\"_ _6\"/>). The se<span class=\"_ _1\"/>nior term l<span class=\"_ _1\"/>oan has a three-year te<span class=\"_ _1\"/>rm (<span class=\"_ _6\"/>of which t<span class=\"_ _1\"/>wo year<span class=\"_ _1\"/>s and seven mont<span class=\"_ _1\"/>hs remain as o<span class=\"_ _6\"/>f 31 December 202<span class=\"_ _1\"/>2) sub<span class=\"_ _6\"/>ject to a one year e<span class=\"_ _6\"/>x<span class=\"_ _1\"/>ten<span class=\"_ _6\"/>sion op<span class=\"_ _6\"/>tion (<span class=\"_ _7\"/>all lenders\u2019 con<span class=\"_ _7\"/>sent). The init<span class=\"_ _1\"/>ial coupon is EUR<span class=\"_ _1\"/>IB<span class=\"_ _1\"/>OR+3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0% and d<span class=\"_ _1\"/>epending o<span class=\"_ _1\"/>n levera<span class=\"_ _1\"/>ge can var<span class=\"_ _1\"/>y b<span class=\"_ _1\"/>et<span class=\"_ _1\"/>ween EU<span class=\"_ _1\"/>RIB<span class=\"_ _1\"/>OR+<span class=\"_ _1\"/>3.<span class=\"_ _1\"/>2<span class=\"_ _1\"/>5% and E<span class=\"_ _1\"/>UR<span class=\"_ _1\"/>IBO<span class=\"_ _1\"/>R+<span class=\"_ _1\"/>5<span class=\"_ _1\"/>.0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>% as shown be<span class=\"_ _1\"/>low:L<span class=\"_ _1\"/>ever<span class=\"_ _1\"/>ag<span class=\"_ _1\"/>e<span class=\"_ _261\"> </span><span class=\"ff2 fs36 ls19e ws19e\">Margin</span>&gt;3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _267\"> </span><span class=\"ls2 ws2\">5.00</span>\u2264<span class=\"_ _1\"/>3<span class=\"_ _1\"/>.0<span class=\"_ _0\"/>0:1<span class=\"_ _1\"/> but &gt;2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _c5\"> </span><span class=\"ls2 ws2\">4.50</span>\u2264<span class=\"_ _1\"/>2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0:1 b<span class=\"_ _1\"/>ut &gt;2<span class=\"_ _1\"/>.0<span class=\"_ _0\"/>0:1<span class=\"_ _c5\"> </span><span class=\"ls2 ws2\">4.00</span>\u2264<span class=\"_ _1\"/>2<span class=\"_ _1\"/>.0<span class=\"_ _0\"/>0:1 b<span class=\"_ _1\"/>ut &gt;1<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0:1<span class=\"_ _264\"> </span><span class=\"ls2 ws2\">3.5<span class=\"_ _1\"/>0</span>\u2264<span class=\"_ _1\"/>1.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _71\"> </span><span class=\"ls2 ws2\">3.25</span>In additi<span class=\"_ _1\"/>on, an interest discount or p<span class=\"_ _1\"/>enalt<span class=\"_ _1\"/>y applies, d<span class=\"_ _1\"/>epending o<span class=\"_ _1\"/>n the per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>mance of sustainab<span class=\"_ _1\"/>ilit<span class=\"_ _1\"/>y-linked K<span class=\"_ _1\"/>PIs (see b<span class=\"_ _1\"/>elo<span class=\"_ _1\"/>w<span class=\"_ _6\"/>).The t<span class=\"_ _1\"/>ransac<span class=\"_ _1\"/>tion costs of E<span class=\"_ _1\"/>UR 3<span class=\"_ _1\"/>.7 millio<span class=\"_ _1\"/>n costs were inclu<span class=\"_ _1\"/>ded in the c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt of the senior te<span class=\"_ _1\"/>rm loan. T<span class=\"_ _1\"/>hese tr<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ion costs are re<span class=\"_ _1\"/>cognised in prof<span class=\"_ _1\"/>it and loss in accordance with th<span class=\"_ _1\"/>e effe<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ve interest rate met<span class=\"_ _1\"/>hod and th<span class=\"_ _1\"/>e current year f<span class=\"_ _1\"/>inance expense amo<span class=\"_ _1\"/>unts to EU<span class=\"_ _1\"/>R 0.<span class=\"_ _1\"/>5 m<span class=\"_ _1\"/>illion.3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>4 <span class=\"_ _57\"> </span><span class=\"ff2 fs3 ls9e wsa2\">S<span class=\"_ _1\"/>ubordinated unsecured convertible b<span class=\"_ _1\"/>onds</span>Simultane<span class=\"_ _1\"/>ously with th<span class=\"_ _1\"/>e broader ref<span class=\"_ _1\"/>inancing<span class=\"_ _1\"/>, Fugro repurchase<span class=\"_ _1\"/>d EUR 9 millio<span class=\"_ _1\"/>n in principal amount (ninet<span class=\"_ _1\"/>y bonds) of the outst<span class=\"_ _1\"/>anding subordinated conver<span class=\"_ _1\"/>tibl<span class=\"_ _1\"/>e bonds due 2<span class=\"_ _1\"/>024 via a priv<span class=\"_ _1\"/>ate transac<span class=\"_ _1\"/>tion w<span class=\"_ _1\"/>ith Stichting Value Pa<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ners Family O<span class=\"_ _1\"/>ff<span class=\"_ _1\"/>ice. The nin<span class=\"_ _1\"/>ety b<span class=\"_ _1\"/>onds repurchase<span class=\"_ _1\"/>d were cancell<span class=\"_ _1\"/>ed in accordance with the te<span class=\"_ _1\"/>rms and conditions<span class=\"_ _1\"/>. The re<span class=\"_ _1\"/>purchase price was E<span class=\"_ _1\"/>UR 1<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 p<span class=\"_ _1\"/>er EU<span class=\"_ _1\"/>R 10<span class=\"_ _1\"/>0<span class=\"_ _1\"/>,<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 in principal am<span class=\"_ _1\"/>ount of such bonds<span class=\"_ _1\"/>. The consider<span class=\"_ _1\"/>ation pai<span class=\"_ _1\"/>d on 28 Jul<span class=\"_ _1\"/>y 202<span class=\"_ _1\"/>2 w<span class=\"_ _1\"/>as allocated to th<span class=\"_ _1\"/>e liability in f<span class=\"_ _1\"/>ull (<span class=\"_ _7\"/>t<span class=\"_ _1\"/>here was no residual that was assigne<span class=\"_ _1\"/>d to the equit<span class=\"_ _1\"/>y compo<span class=\"_ _1\"/>nent). The d<span class=\"_ _1\"/>ebt set<span class=\"_ _1\"/>tlement gain w<span class=\"_ _1\"/>as EU<span class=\"_ _1\"/>R 0.<span class=\"_ _1\"/>6 million and pres<span class=\"_ _1\"/>ented in finance ex<span class=\"_ _1\"/>pense.In acc<span class=\"_ _7\"/>ordance with the t<span class=\"_ _6\"/>erms and<span class=\"_ _6\"/> condi<span class=\"_ _6\"/>tions, bond holders could<span class=\"_ _6\"/> at their<span class=\"_ _6\"/> disc<span class=\"_ _6\"/>retion require t<span class=\"_ _1\"/>he early re<span class=\"_ _1\"/>demptio<span class=\"_ _1\"/>n at par on the f<span class=\"_ _1\"/>ift<span class=\"_ _1\"/>h anniversar<span class=\"_ _1\"/>y of t<span class=\"_ _1\"/>heir issue. During t<span class=\"_ _1\"/>he notice period, which ended on 16 Septem<span class=\"_ _6\"/>ber 202<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, Fugro<span class=\"_ _6\"/> received early redemption<span class=\"_ _6\"/> notices for a<span class=\"_ _1\"/>n aggregate am<span class=\"_ _1\"/>ount of EUR 4<span class=\"_ _1\"/>8<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million. Th<span class=\"_ _1\"/>e total amount of EU<span class=\"_ _1\"/>R 4<span class=\"_ _1\"/>8.<span class=\"_ _1\"/>5 million (principal and ac<span class=\"_ _7\"/>cr<span class=\"_ _1\"/>ued in<span class=\"_ _6\"/>terest) wa<span class=\"_ _6\"/>s repaid on<span class=\"_ _6\"/> 2 November 202<span class=\"_ _1\"/>2. The consideration<span class=\"_ _6\"/> paid was alloc<span class=\"_ _1\"/>ated to the liabilit<span class=\"_ _1\"/>y (<span class=\"_ _1\"/>EUR 4<span class=\"_ _1\"/>5<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million) and equit<span class=\"_ _1\"/>y compone<span class=\"_ _1\"/>nt (EU<span class=\"_ _1\"/>R 4.<span class=\"_ _1\"/>0 million). The d<span class=\"_ _1\"/>ebt sett<span class=\"_ _1\"/>lement gain was E<span class=\"_ _1\"/>UR 1<span class=\"_ _1\"/>.0 million an<span class=\"_ _1\"/>d presented in f<span class=\"_ _1\"/>inance income.The tot<span class=\"_ _1\"/>al por<span class=\"_ _1\"/>tio<span class=\"_ _1\"/>n of the equit<span class=\"_ _1\"/>y compo<span class=\"_ _1\"/>nent per<span class=\"_ _1\"/>taining to t<span class=\"_ _1\"/>he conver<span class=\"_ _1\"/>tible bo<span class=\"_ _1\"/>nds fully rede<span class=\"_ _1\"/>emed dur<span class=\"_ _1\"/>ing 20<span class=\"_ _1\"/>22 w<span class=\"_ _1\"/>as transfer<span class=\"_ _1\"/>red to retain<span class=\"_ _1\"/>ed earnings fo<span class=\"_ _1\"/>r an amount of EUR 2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>7 million<span class=\"_ _1\"/>.As at 3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g amount of the EU<span class=\"_ _1\"/>R 10<span class=\"_ _0\"/>0 million subordinated unsecure<span class=\"_ _1\"/>d convert<span class=\"_ _1\"/>ible bonds du<span class=\"_ _1\"/>e 2024 am<span class=\"_ _1\"/>ounts to EU<span class=\"_ _1\"/>R 4<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>3 million (3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: 92<span class=\"_ _1\"/>.1 million) with an ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest e<span class=\"_ _1\"/>xpense (at 8.1%) of EU<span class=\"_ _1\"/>R 6.<span class=\"_ _1\"/>5 millio<span class=\"_ _1\"/>n in 202<span class=\"_ _1\"/>2 (2<span class=\"_ _1\"/>021<span class=\"_ _1\"/>: EU<span class=\"_ _1\"/>R 7<span class=\"_ _7\"/>.1 million). A EUR 4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>4 million coupon of 4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5% has be<span class=\"_ _1\"/>en paid in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 (202<span class=\"_ _1\"/>1: 4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million). The conver<span class=\"_ _1\"/>sion price is EU<span class=\"_ _1\"/>R 19.<span class=\"_ _1\"/>6<span class=\"_ _1\"/>49<span class=\"_ _1\"/>0<span class=\"_ _1\"/>. Unless previ<span class=\"_ _1\"/>ously rede<span class=\"_ _1\"/>emed<span class=\"_ _1\"/>, conver<span class=\"_ _1\"/>ted or purchase<span class=\"_ _1\"/>d and cancelle<span class=\"_ _1\"/>d, thes<span class=\"_ _1\"/>e remaining bon<span class=\"_ _1\"/>ds will be rede<span class=\"_ _1\"/>emed at th<span class=\"_ _1\"/>eir principal am<span class=\"_ _1\"/>ount on or around 2 N<span class=\"_ _1\"/>ovember 2<span class=\"_ _1\"/>024<span class=\"_ _1\"/>. Up<span class=\"_ _1\"/>on exercise of the<span class=\"_ _1\"/>ir conversion right<span class=\"_ _1\"/>s, th<span class=\"_ _1\"/>ese bonds will b<span class=\"_ _1\"/>e conver<span class=\"_ _1\"/>tible into ordinar<span class=\"_ _1\"/>y shares at a conver<span class=\"_ _1\"/>sion rate of 5<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>8<span class=\"_ _1\"/>9.3<span class=\"_ _1\"/>17<span class=\"_ _1\"/>5 for each b<span class=\"_ _1\"/>ond he<span class=\"_ _1\"/>ld, represe<span class=\"_ _1\"/>nting ordinar<span class=\"_ _1\"/>y shares in the cap<span class=\"_ _1\"/>ital of Fugro. T<span class=\"_ _1\"/>he initial conver<span class=\"_ _1\"/>sion price was set at EU<span class=\"_ _1\"/>R 14<span class=\"_ _1\"/>.<span class=\"_ _6\"/>9<span class=\"_ _1\"/>412<span class=\"_ _1\"/>. The o<span class=\"_ _1\"/>rdinar<span class=\"_ _1\"/>y shares underl<span class=\"_ _1\"/>ying the b<span class=\"_ _1\"/>onds correspon<span class=\"_ _1\"/>ded to appro<span class=\"_ _1\"/>ximately 1.9<span class=\"_ _1\"/>% of the company<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s issued share capit<span class=\"_ _1\"/>al. Fugro has the o<span class=\"_ _1\"/>ption to conver<span class=\"_ _1\"/>t all but not some of th<span class=\"_ _1\"/>ese outst<span class=\"_ _1\"/>anding bon<span class=\"_ _1\"/>ds int<span class=\"_ _6\"/>o ordinar<span class=\"_ _1\"/>y shares at the t<span class=\"_ _1\"/>hen prev<span class=\"_ _1\"/>ailing conversion price at any time since 2<span class=\"_ _1\"/>3 N<span class=\"_ _1\"/>ovember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>0, if th<span class=\"_ _1\"/>e value of the or<span class=\"_ _1\"/>dinary shar<span class=\"_ _1\"/>es underly<span class=\"_ _1\"/>ing a bon<span class=\"_ _1\"/>d exceeds EU<span class=\"_ _1\"/>R 15<span class=\"_ _1\"/>0 tho<span class=\"_ _1\"/>usand for a spe<span class=\"_ _1\"/>cifie<span class=\"_ _1\"/>d perio<span class=\"_ _1\"/>d of time. H<span class=\"_ _1\"/>older<span class=\"_ _1\"/>s of the bon<span class=\"_ _1\"/>ds have the opt<span class=\"_ _1\"/>ion to force red<span class=\"_ _1\"/>emption of th<span class=\"_ _1\"/>e principal amo<span class=\"_ _1\"/>unt plus interest (in cash<span class=\"_ _6\"/>) by Fugro in the event of a chan<span class=\"_ _1\"/>ge in control. Fugr<span class=\"_ _1\"/>o has an early red<span class=\"_ _1\"/>emption opt<span class=\"_ _1\"/>ion (<span class=\"_ _6\"/>clean-up call<span class=\"_ _1\"/>) if 15<span class=\"_ _1\"/>% or less of the ag<span class=\"_ _1\"/>gregate pr<span class=\"_ _1\"/>incipal amount of the b<span class=\"_ _1\"/>onds remains out<span class=\"_ _1\"/>standing. F<span class=\"_ _1\"/>ugro has an option to re<span class=\"_ _1\"/>deem all<span class=\"_ _1\"/>, but not some of t<span class=\"_ _1\"/>he bonds in th<span class=\"_ _1\"/>e event of cert<span class=\"_ _1\"/>ain changes in tax la<span class=\"_ _1\"/>w.The G<span class=\"_ _1\"/>roup considers t<span class=\"_ _1\"/>he bonds as a compo<span class=\"_ _1\"/>und financial instr<span class=\"_ _1\"/>ument containing a debt host (inclu<span class=\"_ _1\"/>ding closely re<span class=\"_ _1\"/>lated embe<span class=\"_ _1\"/>dded liabilit<span class=\"_ _1\"/>y der<span class=\"_ _1\"/>ivativ<span class=\"_ _1\"/>es<span class=\"_ _7\"/>) and an e<span class=\"_ _1\"/>mbedd<span class=\"_ _1\"/>ed equit<span class=\"_ _1\"/>y derivative (<span class=\"_ _7\"/>conversion op<span class=\"_ _6\"/>tion)<span class=\"_ _6\"/>. The su<span class=\"_ _6\"/>bordina<span class=\"_ _6\"/>ted con<span class=\"_ _6\"/>vertible bonds are pub<span class=\"_ _6\"/>licity trade<span class=\"_ _1\"/>d on<span class=\"_ _6\"/> the Fr<span class=\"_ _1\"/>ankfur<span class=\"_ _1\"/>t sto<span class=\"_ _1\"/>ck exchange<span class=\"_ _1\"/>. The conversio<span class=\"_ _1\"/>n price of the b<span class=\"_ _1\"/>onds is subject to s<span class=\"_ _1\"/>tandard anti-dilution a<span class=\"_ _1\"/>djustments such as in the ev<span class=\"_ _1\"/>ent of share consolidations, share split<span class=\"_ _1\"/>s, cap<span class=\"_ _1\"/>ital distributi<span class=\"_ _1\"/>ons, right<span class=\"_ _1\"/>s issues and bonus issues and in the eve<span class=\"_ _1\"/>nt of a change in control, a merger<span class=\"_ _7\"/>, or other events.3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>5 <span class=\"_ _5b\"> </span><span class=\"ff2 fs3 ls9e wsa2\">Changes in liabilities arising from f<span class=\"_ _1\"/>inancing activiti<span class=\"_ _1\"/>es</span>The t<span class=\"_ _1\"/>able bel<span class=\"_ _1\"/>ow sets o<span class=\"_ _1\"/>ut an analysis of the changes in liabilit<span class=\"_ _1\"/>ies arising from f<span class=\"_ _1\"/>inancing activities in 202<span class=\"_ _1\"/>2.Subordinated unsecure<span class=\"_ _1\"/>d conv<span class=\"_ _7\"/>er<span class=\"_ _1\"/>tible bo<span class=\"_ _1\"/>nds  Sup<span class=\"_ _1\"/>er se<span class=\"_ _1\"/>nio<span class=\"_ _1\"/>r Sup<span class=\"_ _1\"/>er se<span class=\"_ _1\"/>nio<span class=\"_ _1\"/>r Lease <span class=\"ls2 ws2\"> </span>Other long-(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _104\"> </span><span class=\"ff2 fs36\">Se<span class=\"_ _1\"/>nio<span class=\"_ _1\"/>r RCF<span class=\"_ _13\"> </span><span class=\"ls213 ws222\">Te<span class=\"_ _1\"/>r<span class=\"_ _1\"/>m l<span class=\"_ _1\"/>oa<span class=\"_ _1\"/>n</span></span>EU<span class=\"_ _6\"/>R<span class=\"_ _7\"/> 100,000RCFter<span class=\"_ _1\"/>m loa<span class=\"_ _1\"/>nLiabiliti<span class=\"_ _1\"/>ester<span class=\"_ _1\"/>m loa<span class=\"_ _1\"/>ns<span class=\"_ _8d\"> </span><span class=\"ls1b5 ws1b9\">T<span class=\"_ _7\"/>otal</span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2-<span class=\"_ _e3\"> </span>-92,<span class=\"_ _6\"/>123<span class=\"_ _61\"> </span>12,521<span class=\"_ _6f\"> </span>18<span class=\"_ _1\"/>6,217<span class=\"_ _c0\"> </span>147<span class=\"_ _7\"/>,424<span class=\"_ _89\"> </span>1,558<span class=\"_ _39\"> </span>439,843Pro<span class=\"_ _1\"/>ceeds fr<span class=\"_ _1\"/>om issue of term lo<span class=\"_ _1\"/>an-200,<span class=\"_ _6\"/>000-<span class=\"_ _e3\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _e3\"> </span>-200,<span class=\"_ _6\"/>000Repayment o<span class=\"_ _6\"/>f su<span class=\"_ _6\"/>per senior RCF / s<span class=\"_ _7\"/>uper senior term loan-<span class=\"_ _e3\"> </span>-<span class=\"_ _a0\"> </span>-(97<span class=\"_ _7\"/>,500)<span class=\"_ _12\"> </span>(188,000)-<span class=\"_ _e3\"> </span>-(285,500)Sale and<span class=\"_ _6\"/> lease back<span class=\"_ _6\"/> (financing<span class=\"_ _6\"/> component)<span class=\"_ _6\"/> -<span class=\"_ _e3\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _e3\"> </span>-18,043-18,043Cash flow from financ<span class=\"_ _6\"/>ing activities provided by<span class=\"_ _6\"/> (<span class=\"_ _7\"/>used for) c<span class=\"_ _6\"/>ontinued operations-<span class=\"_ _e3\"> </span>-(57<span class=\"_ _7\"/>,50<span class=\"_ _1\"/>0)<span class=\"_ _f9\"> </span>85,00<span class=\"_ _1\"/>0-(35,94<span class=\"_ _1\"/>4)<span class=\"_ _6e\"> </span>3,364<span class=\"_ _5f\"> </span>(5,080)Sub<span class=\"_ _1\"/>-tota<span class=\"_ _1\"/>l-200,<span class=\"_ _7\"/>000<span class=\"_ _b4\"> </span><span class=\"ls2 ws2\">34,62<span class=\"_ _1\"/>3<span class=\"_ _f6\"> </span>21<span class=\"_ _21\"> </span>(1,783)<span class=\"_ _9f\"> </span>129,52<span class=\"_ _1\"/>3<span class=\"_ _61\"> </span>4,922<span class=\"_ _86\"> </span>367<span class=\"_ _7\"/>,30<span class=\"_ _1\"/>6</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of moveme<span class=\"_ _1\"/>nt in foreign e<span class=\"_ _1\"/>xchange r<span class=\"_ _1\"/>ates-<span class=\"_ _e3\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _e3\"> </span>-1,563<span class=\"_ _f5\"> </span>(29)<span class=\"_ _20\"> </span>1,5<span class=\"_ _1\"/>34Oth<span class=\"_ _1\"/>er changes*<span class=\"_ _85\"> </span><span class=\"fs6 ls1f1 ws1f5\">234<span class=\"_ _87\"> </span></span><span class=\"fs6\">5,725<span class=\"_ _96\"> </span>(21)<span class=\"_ _61\"> </span>1,783<span class=\"_ _84\"> </span>37<span class=\"_ _7\"/>,888<span class=\"_ _26\"> </span><span class=\"ls43 ws4b\">(7)<span class=\"_ _fa\"> </span></span>45,6<span class=\"_ _1\"/>02</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2-200,234<span class=\"_ _c0\"> </span><span class=\"ls2 ws2\">40,34<span class=\"_ _1\"/>8</span>-<span class=\"_ _e3\"> </span>-168,974<span class=\"_ _20\"> </span>4,886<span class=\"_ _f9\"> </span>414,442*Other changes i<span class=\"_ _6\"/>nclude i<span class=\"_ _6\"/>nterest<span class=\"_ _6\"/> payments, accrued i<span class=\"_ _6\"/>nterest, transaction c<span class=\"_ _6\"/>osts capitali<span class=\"_ _6\"/>sed agai<span class=\"_ _6\"/>nst term<span class=\"_ _6\"/> loan, amortisation, and new/modi<span class=\"_ _6\"/>fication of<span class=\"_ _6\"/> leases.The c<span class=\"_ _1\"/>ash outfl<span class=\"_ _1\"/>ow from f<span class=\"_ _1\"/>inancing ac<span class=\"_ _1\"/>tiviti<span class=\"_ _1\"/>es of EUR 5<span class=\"_ _1\"/>.1 million in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 repres<span class=\"_ _1\"/>ents the tot<span class=\"_ _1\"/>al net cash fro<span class=\"_ _1\"/>m financing ac<span class=\"_ _1\"/>tivit<span class=\"_ _1\"/>ies in the consolidate<span class=\"_ _1\"/>d statement of cash f<span class=\"_ _1\"/>lows of EU<span class=\"_ _1\"/>R 32<span class=\"_ _1\"/>.9 million excluding div<span class=\"_ _1\"/>idends paid of EU<span class=\"_ _1\"/>R 4<span class=\"_ _1\"/>.6 millio<span class=\"_ _1\"/>n, proce<span class=\"_ _1\"/>eds from issue of term l<span class=\"_ _1\"/>oan of EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>0 million<span class=\"_ _1\"/>, repayme<span class=\"_ _1\"/>nt of s<span class=\"_ _6\"/>uper se<span class=\"_ _1\"/>nior RCF an<span class=\"_ _1\"/>d super senior ter<span class=\"_ _1\"/>m loan of EU<span class=\"_ _1\"/>R 28<span class=\"_ _1\"/>5<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million and th<span class=\"_ _1\"/>e procee<span class=\"_ _1\"/>ds from sale and l<span class=\"_ _1\"/>easeback (f<span class=\"_ _1\"/>inancing compon<span class=\"_ _1\"/>ent) of EUR 1<span class=\"_ _1\"/>8<span class=\"_ _1\"/>.0 million<span class=\"_ _1\"/>.In 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>, the anal<span class=\"_ _1\"/>ysis of the changes in liabilities ar<span class=\"_ _1\"/>ising from finan<span class=\"_ _1\"/>cing act<span class=\"_ _1\"/>ivities w<span class=\"_ _1\"/>as as follows:Subordinated Subordinated unsecure<span class=\"_ _1\"/>d unsecure<span class=\"_ _1\"/>d T<span class=\"_ _6\"/>ransaction conv<span class=\"_ _7\"/>er<span class=\"_ _1\"/>tible conv<span class=\"_ _7\"/>er<span class=\"_ _1\"/>tible with discon<span class=\"ls2 ws2\">-</span>bo<span class=\"_ _1\"/>nds E<span class=\"_ _1\"/>UR bo<span class=\"_ _1\"/>nds E<span class=\"_ _1\"/>UR Sup<span class=\"_ _1\"/>er se<span class=\"_ _1\"/>nio<span class=\"_ _1\"/>r Sup<span class=\"_ _1\"/>er se<span class=\"_ _1\"/>nio<span class=\"_ _1\"/>r Lease Liabili<span class=\"ls2 ws2\">-</span>tinued opera<span class=\"ls2 ws2\">-</span>Other long-(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)190<span class=\"_ _6\"/>,000100,<span class=\"_ _6\"/>000RCFter<span class=\"_ _1\"/>m loa<span class=\"_ _1\"/>ntiestionster<span class=\"_ _1\"/>m loa<span class=\"_ _1\"/>ns<span class=\"_ _8d\"> </span><span class=\"ls1b5 ws1b9\">T<span class=\"_ _7\"/>otal</span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1<span class=\"_ _268\"> </span><span class=\"ff8 fs6 fc14 ls2\"> 56,95<span class=\"_ _1\"/>3<span class=\"_ _b4\"> </span> 89,521<span class=\"_ _96\"> </span> </span>- 195,137<span class=\"_ _d0\"> </span> 132,692<span class=\"_ _96\"> </span> - 2,631<span class=\"_ _e3\"> </span> 476,934Cash flow from financ<span class=\"_ _6\"/>ing activities provided by<span class=\"_ _6\"/> (<span class=\"_ _7\"/>used for) c<span class=\"_ _6\"/>ontinued operations<span class=\"_ _269\"> </span><span class=\"ff8 fc14 ls2 ws2\">(58,90<span class=\"_ _1\"/>0)</span>-12,500<span class=\"_ _37\"> </span>(12,00<span class=\"_ _1\"/>0)<span class=\"_ _17c\"> </span>(25,599)<span class=\"_ _9b\"> </span>14,801<span class=\"_ _d2\"> </span>(951)<span class=\"_ _86\"> </span>(<span class=\"_ _1\"/>70,<span class=\"_ _7\"/>149)Cash flow from financ<span class=\"_ _6\"/>ing activities provided by<span class=\"_ _6\"/> (<span class=\"_ _7\"/>used for) di<span class=\"_ _6\"/>scon<span class=\"_ _6\"/>tinued operations-----   <span class=\"_ _17b\"> </span><span class=\"ws225\">(14,801)   </span>-   <span class=\"_ _17b\"> </span><span class=\"ws225\">(14,801)   </span>Sub<span class=\"_ _1\"/>-tota<span class=\"_ _1\"/>l<span class=\"_ _26a\"> </span><span class=\"fc14 ls2 ws2\">(1,947)<span class=\"_ _c0\"> </span>8<span class=\"_ _6\"/>9,521<span class=\"_ _a1\"> </span>12,50<span class=\"_ _1\"/>0<span class=\"_ _c0\"> </span>183,137<span class=\"_ _38\"> </span>107<span class=\"_ _7\"/>,093</span>-1,680<span class=\"_ _86\"> </span>391,98<span class=\"_ _1\"/>4Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of moveme<span class=\"_ _1\"/>nt in foreign e<span class=\"_ _1\"/>xchange r<span class=\"_ _1\"/>ates-<span class=\"_ _e3\"> </span>---9,229 - <span class=\"_ _96\"> </span>18 <span class=\"_ _21\"> </span>9,247 Oth<span class=\"_ _1\"/>er changes*<span class=\"_ _26b\"> </span><span class=\"ff8 fs6 fc14\">1,947<span class=\"_ _5d\"> </span>2,602<span class=\"_ _fc\"> </span>21<span class=\"_ _1c9\"> </span>3,080<span class=\"_ _20\"> </span>31,102</span>-(140)<span class=\"_ _c0\"> </span>38,612Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1-92,<span class=\"_ _6\"/>123 <span class=\"_ _84\"> </span>12,521 <span class=\"_ _f9\"> </span>186,<span class=\"_ _1\"/>217 <span class=\"_ _39\"> </span>147<span class=\"_ _7\"/>,424 -1,558 <span class=\"_ _111\"> </span>439,843 *Other changes i<span class=\"_ _6\"/>nclude i<span class=\"_ _6\"/>nterest<span class=\"_ _6\"/> payments, accrued i<span class=\"_ _6\"/>nterest, amortisation, and<span class=\"_ _6\"/> new/modification<span class=\"_ _6\"/> of lea<span class=\"_ _6\"/>ses.3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>6 <span class=\"_ _26c\"> </span><span class=\"ff2 fs3 lsfd ws109\">Cov<span class=\"_ _6\"/>enant requirements</span>The se<span class=\"_ _1\"/>nior fac<span class=\"_ _1\"/>ility agr<span class=\"_ _1\"/>eement (\u201cS<span class=\"_ _1\"/>FA<span class=\"_ _7\"/>\u201d<span class=\"_ _1\"/>) contains vari<span class=\"_ _1\"/>ous aff<span class=\"_ _1\"/>irmative and ne<span class=\"_ _1\"/>gative covenants and event<span class=\"_ _1\"/>s of default<span class=\"_ _1\"/>. The prin<span class=\"_ _1\"/>cipal covenants require<span class=\"_ _1\"/>ments in th<span class=\"_ _1\"/>e SFA related to th<span class=\"_ _1\"/>e senior d<span class=\"_ _1\"/>ebt are defin<span class=\"_ _1\"/>ed as follows (all including the impa<span class=\"_ _1\"/>ct of I<span class=\"_ _1\"/>FRS 1<span class=\"_ _1\"/>6): <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Solve<span class=\"_ _1\"/>nc<span class=\"_ _1\"/>y ratio: shareho<span class=\"_ _1\"/>lders\u2019 e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y as a percentage of t<span class=\"_ _1\"/>he balance sheet tot<span class=\"_ _1\"/>al.   <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Net le<span class=\"_ _1\"/>verag<span class=\"_ _1\"/>e for purp<span class=\"_ _1\"/>ose of covenant calculations: net debt di<span class=\"_ _1\"/>vided by a<span class=\"_ _1\"/>djusted consolidated E<span class=\"_ _1\"/>BIT<span class=\"_ _1\"/>DA for purp<span class=\"_ _1\"/>ose of covenant calculations<span class=\"_ _1\"/>. The lo<span class=\"_ _1\"/>ok<span class=\"_ _6\"/>-back pe<span class=\"_ _1\"/>riod is twelve months. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Interest cover<span class=\"_ _1\"/>age: adjusted conso<span class=\"_ _1\"/>lidated EB<span class=\"_ _1\"/>ITDA f<span class=\"_ _1\"/>or purpose of covenant cal<span class=\"_ _1\"/>culations divide<span class=\"_ _1\"/>d by consolidated interest e<span class=\"_ _1\"/>xpense. T<span class=\"_ _1\"/>he loo<span class=\"_ _1\"/>k<span class=\"_ _7\"/>-ba<span class=\"_ _1\"/>ck peri<span class=\"_ _1\"/>od is t<span class=\"_ _1\"/>welve months<span class=\"_ _1\"/>.2022<span class=\"_ _a5\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span>Principal cov<span class=\"_ _6\"/>enantsTa<span class=\"_ _1\"/>rg<span class=\"_ _1\"/>e<span class=\"_ _1\"/>t<span class=\"_ _e3\"> </span><span class=\"ls1e8 ws1ee\">Actual<span class=\"_ _ce\"> </span><span class=\"ls19e ws19e\">Headroom<span class=\"_ _e3\"> </span></span></span>Tar<span class=\"_ _1\"/>g<span class=\"_ _1\"/>e<span class=\"_ _1\"/>t<span class=\"_ _26d\"> </span><span class=\"ls1e8 ws1ee\">Actu<span class=\"_ _1\"/>al<span class=\"_ _55\"> </span><span class=\"ls19e ws19e\">Headro<span class=\"_ _1\"/>om</span></span>Solvency ratio<span class=\"_ _99\"> </span>&gt;=33.33<span class=\"_ _1\"/>%<span class=\"_ _9f\"> </span>51.0<span class=\"_ _1\"/>%<span class=\"_ _10b\"> </span>17<span class=\"_ _7\"/>.67<span class=\"_ _0\"/>%<span class=\"_ _ce\"> </span>&gt;=33.33<span class=\"_ _0\"/>%<span class=\"_ _120\"> </span>4<span class=\"_ _1\"/>6.3<span class=\"_ _1\"/>%<span class=\"_ _145\"> </span>12.97<span class=\"_ _0\"/>%Net leverage<span class=\"_ _118\"> </span>=&lt;3.25<span class=\"_ _1\"/>:<span class=\"_ _1\"/>1<span class=\"_ _9b\"> </span>0.93<span class=\"_ _21f\"> </span>2.32<span class=\"_ _33\"> </span><span class=\"ff8 fc14\">=&lt;3.<span class=\"_ _1\"/>25<span class=\"_ _1\"/>:1<span class=\"_ _20\"> </span>1.7<span class=\"_ _1\"/>1<span class=\"_ _5f\"> </span>1.54</span>Interest covera<span class=\"_ _1\"/>ge<span class=\"_ _ed\"> </span>&gt;=2.5<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _5f\"> </span><span class=\"ls1fd ws20a\">7.<span class=\"_ _0\"/>0<span class=\"_ _0\"/>5<span class=\"_ _a1\"> </span></span>4.5<span class=\"_ _1\"/>5<span class=\"_ _33\"> </span>&gt;=2.50:<span class=\"_ _1\"/>1<span class=\"_ _b4\"> </span>4.60<span class=\"_ _92\"> </span>2<span class=\"_ _1\"/>.Fugro\u2019s right to defe<span class=\"_ _1\"/>r sett<span class=\"_ _1\"/>lement of non-<span class=\"_ _1\"/>current liabilities fo<span class=\"_ _1\"/>r at least t<span class=\"_ _1\"/>welve months af<span class=\"_ _1\"/>ter the repor<span class=\"_ _1\"/>ting period is<span class=\"_ _6\"/> sub<span class=\"_ _6\"/>ject to compli<span class=\"_ _6\"/>ance<span class=\"_ _6\"/> with specified cond<span class=\"_ _6\"/>itions wi<span class=\"_ _6\"/>thin twelve months af<span class=\"_ _1\"/>ter the re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ting p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d. The covenant testing dates ar<span class=\"_ _1\"/>e 31 De<span class=\"_ _1\"/>cember, 31 March, 3<span class=\"_ _1\"/>0 June and 3<span class=\"_ _1\"/>0 Septe<span class=\"_ _1\"/>mber. The senior R<span class=\"_ _1\"/>CF<span class=\"_ _7\"/>, t<span class=\"_ _1\"/>he senior te<span class=\"_ _1\"/>rm loan, t<span class=\"_ _1\"/>he lease liabilities of t<span class=\"_ _1\"/>he t<span class=\"_ _1\"/>wo geote<span class=\"_ _1\"/>chnical vessels and subo<span class=\"_ _1\"/>rdinated conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds due Novemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>24 shall be<span class=\"_ _1\"/>come immediately du<span class=\"_ _1\"/>e and payable w<span class=\"_ _1\"/>hen the<span class=\"_ _1\"/>re is a change of control event<span class=\"_ _1\"/>. Event<span class=\"_ _1\"/>s of default on<span class=\"_ _6\"/> the senior deb<span class=\"_ _6\"/>t include<span class=\"_ _6\"/> non-pa<span class=\"_ _6\"/>yment, non-comp<span class=\"_ _6\"/>lianc<span class=\"_ _6\"/>e, mis<span class=\"_ _6\"/>representa<span class=\"_ _6\"/>tion, cessation of business, c<span class=\"_ _1\"/>ross<span class=\"_ _6\"/>-default<span class=\"_ _1\"/>, insolven<span class=\"_ _1\"/>cy eve<span class=\"_ _1\"/>nts, cr<span class=\"_ _1\"/>editors\u2019 p<span class=\"_ _1\"/>rocess, enfor<span class=\"_ _1\"/>cement of secur<span class=\"_ _1\"/>ity, illegalit<span class=\"_ _1\"/>y, material adv<span class=\"_ _1\"/>erse chang<span class=\"_ _1\"/>e \u2013 including any event or circumstan<span class=\"_ _1\"/>ce which in the major<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y lender<span class=\"_ _1\"/>s\u2019 reasonable op<span class=\"_ _1\"/>inion has a material adve<span class=\"_ _1\"/>rse ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t on the abilit<span class=\"_ _1\"/>y to per<span class=\"_ _1\"/>form or otherwise com<span class=\"_ _6\"/>ply with the pa<span class=\"_ _6\"/>yment obli<span class=\"_ _6\"/>gations<span class=\"_ _6\"/> under the agreemen<span class=\"_ _6\"/>ts or on the bus<span class=\"_ _6\"/>iness, operations, propert<span class=\"_ _1\"/>y, c<span class=\"_ _7\"/>ondition or prospects of the Group taken a<span class=\"_ _7\"/>s a whole. Event<span class=\"_ _1\"/>s of default on th<span class=\"_ _1\"/>e subordinated conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds due N<span class=\"_ _1\"/>ovember 2<span class=\"_ _1\"/>024 includ<span class=\"_ _1\"/>e failure<span class=\"_ _6\"/> to pay<span class=\"_ _7\"/>, conversion, breac<span class=\"_ _6\"/>h of agr<span class=\"_ _6\"/>eement, cross<span class=\"_ _7\"/>-acc<span class=\"_ _6\"/>eleration, insolvency,<span class=\"_ _6\"/> insolv<span class=\"_ _6\"/>enc<span class=\"_ _1\"/>y proc<span class=\"_ _7\"/>eeding<span class=\"_ _7\"/>s, cred<span class=\"_ _6\"/>it<span class=\"_ _6\"/>ors\u2019<span class=\"_ _7\"/> proce<span class=\"_ _6\"/>ss,<span class=\"_ _6\"/> an<span class=\"_ _6\"/>alog<span class=\"_ _6\"/>ou<span class=\"_ _6\"/>s pr<span class=\"_ _6\"/>oce<span class=\"_ _6\"/>edi<span class=\"_ _6\"/>ng<span class=\"_ _6\"/>s a<span class=\"_ _6\"/>nd c<span class=\"_ _7\"/>essa<span class=\"_ _7\"/>tion o<span class=\"_ _7\"/>f bus<span class=\"_ _7\"/>ines<span class=\"_ _6\"/>s.In the ev<span class=\"_ _1\"/>ent that the company brea<span class=\"_ _1\"/>ches any of the covenant<span class=\"_ _1\"/>s or an event of default be<span class=\"_ _1\"/>comes applicable<span class=\"_ _1\"/>, lende<span class=\"_ _1\"/>rs may require Fu<span class=\"_ _1\"/>gro to immediately an<span class=\"_ _1\"/>d fully prep<span class=\"_ _1\"/>ay the relev<span class=\"_ _1\"/>ant liabilities including re<span class=\"_ _1\"/>lated liabilities subjec<span class=\"_ _1\"/>t to cross-default and<span class=\"_ _1\"/>/or cross<span class=\"_ _6\"/>-acceler<span class=\"_ _1\"/>ation clauses. T<span class=\"_ _1\"/>he carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of such relev<span class=\"_ _1\"/>ant liabilities subjec<span class=\"_ _1\"/>t to covenants within t<span class=\"_ _1\"/>welve m<span class=\"_ _1\"/>onths afte<span class=\"_ _1\"/>r the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting per<span class=\"_ _1\"/>iod is ther<span class=\"_ _1\"/>efore EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>0<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million. Note div<span class=\"_ _1\"/>idend pay<span class=\"_ _1\"/>ments are re<span class=\"_ _1\"/>stric<span class=\"_ _1\"/>ted. D<span class=\"_ _1\"/>ividen<span class=\"_ _1\"/>ds may only be paid if n<span class=\"_ _1\"/>et levera<span class=\"_ _1\"/>ge is equal to or less than 2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0:<span class=\"_ _1\"/>0<span class=\"_ _1\"/>, and distributi<span class=\"_ _1\"/>ons are cappe<span class=\"_ _1\"/>d at 60<span class=\"_ _1\"/>% of net profit<span class=\"_ _1\"/>. Fugro compli<span class=\"_ _1\"/>ed with th<span class=\"_ _1\"/>e covenant requirement<span class=\"_ _1\"/>s in the SFA as of 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. Fugro exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ts to comply wit<span class=\"_ _1\"/>h its covenants in th<span class=\"_ _1\"/>e tw<span class=\"_ _1\"/>elve months af<span class=\"_ _1\"/>ter the re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ting p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d, with ade<span class=\"_ _1\"/>quate headroom.3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>7 <span class=\"_ _181\"> </span><span class=\"ff2 fs3 ls162 ws16f\">Susta<span class=\"_ _1\"/>inabilit<span class=\"_ _1\"/>y-linked KPIs</span>Year ini<span class=\"_ _1\"/>tia<span class=\"_ _1\"/>l Ac<span class=\"_ _1\"/>tua<span class=\"_ _1\"/>l An<span class=\"_ _1\"/>nual t<span class=\"_ _1\"/>arg<span class=\"_ _1\"/>et Sustainabilit<span class=\"_ _1\"/>y-linked KPI\u2019s<span class=\"_ _22d\"> </span><span class=\"ls1b5 ws1b9\">Initial sc<span class=\"_ _6\"/>ore</span>score<span class=\"_ _1d7\"> </span><span class=\"ls216 ws226\">Ta<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ge<span class=\"_ _1\"/>t s<span class=\"_ _1\"/>c<span class=\"_ _1\"/>or<span class=\"_ _1\"/>e</span>scorem<span class=\"_ _1\"/>et<span class=\"_ _1\"/> (y<span class=\"_ _1\"/>es<span class=\"_ _1\"/>/n<span class=\"_ _1\"/>o)2022<span class=\"_ _5d\"> </span>2023<span class=\"_ _5d\"> </span><span class=\"ls13 ws1fb\">2024<span class=\"_ _73\"> </span></span>202<span class=\"_ _1\"/>5<span class=\"_ _61\"> </span><span class=\"ff1\">2<span class=\"_ _1\"/>022<span class=\"_ _5d\"> </span>2022</span>Reduction CO emiss<span class=\"_ _7\"/>ion intens<span class=\"_ _6\"/>ity vessels<span class=\"_ _26e\"> </span><span class=\"ff8 ls2 ws2\">15.8 tonnes C<span class=\"_ _7\"/>O</span>/operational day<span class=\"_ _87\"> </span><span class=\"ls43 ws4b\">2020</span>-5%-10<span class=\"_ _1\"/>%-15<span class=\"_ _1\"/>%-20<span class=\"_ _1\"/>%-13<span class=\"_ _1\"/>%<span class=\"_ _7a\"> </span><span class=\"ls1fd ws20a\">Ye<span class=\"_ _1\"/>s</span>22Gro<span class=\"_ _1\"/>wt<span class=\"_ _1\"/>h in revenue f<span class=\"_ _1\"/>rom rene<span class=\"_ _1\"/>wables m<span class=\"_ _1\"/>arket seg<span class=\"_ _1\"/>ment <span class=\"_ _26f\"> </span><span class=\"ff8\">EUR 351.5 million<span class=\"_ _d1\"> </span>2021<span class=\"_ _1a\"> </span></span>10<span class=\"_ _0\"/>%<span class=\"_ _8d\"> </span>28<span class=\"_ _1\"/>%<span class=\"_ _8d\"> </span>50%<span class=\"_ _60\"> </span><span class=\"ls43 ws4b\">60<span class=\"_ _1\"/>%<span class=\"_ _24\"> </span></span><span class=\"ff8\">+48<span class=\"_ _0\"/>%<span class=\"_ _b1\"> </span><span class=\"ls1fd ws20a\">Ye<span class=\"_ _0\"/>s</span></span>Percen<span class=\"_ _6\"/>tage women in sen<span class=\"_ _6\"/>ior managemen<span class=\"_ _6\"/>t position<span class=\"_ _6\"/>s<span class=\"_ _270\"> </span><span class=\"ff8 ls2 ws2\">15.4<span class=\"_ _1\"/>%<span class=\"_ _8d\"> </span>2<span class=\"_ _1\"/>021<span class=\"_ _ae\"> </span></span>16<span class=\"_ _1\"/>%<span class=\"_ _5d\"> </span>17<span class=\"_ _3\"/>.5<span class=\"_ _0\"/>%<span class=\"_ _60\"> </span>20<span class=\"_ _0\"/>%<span class=\"_ _8d\"> </span><span class=\"ls1e5 ws1eb\">25<span class=\"_ _1\"/>%<span class=\"_ _ae\"> </span></span><span class=\"ff8\">19<span class=\"_ _0\"/>%<span class=\"_ _b1\"> </span><span class=\"ls1fd ws20a\">Ye<span class=\"_ _0\"/>s</span></span>The sustainab<span class=\"_ _1\"/>ility-linked key p<span class=\"_ _1\"/>erf<span class=\"_ _1\"/>ormance indicator<span class=\"_ _1\"/>s are defin<span class=\"_ _1\"/>ed in the Fu<span class=\"_ _1\"/>gro sustainabilit<span class=\"_ _1\"/>y-linked financing f<span class=\"_ _1\"/>ramew<span class=\"_ _1\"/>ork as published on t<span class=\"_ _1\"/>he company<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s website (caption investors / result<span class=\"_ _1\"/>s and publicati<span class=\"_ _1\"/>ons<span class=\"_ _7\"/>). T<span class=\"_ _1\"/>he repo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ing criteria use<span class=\"_ _1\"/>d for the p<span class=\"_ _1\"/>reparat<span class=\"_ _1\"/>ion of the KP<span class=\"_ _1\"/>I\u2019s are the r<span class=\"_ _1\"/>epor<span class=\"_ _1\"/>ting cr<span class=\"_ _1\"/>iteria deve<span class=\"_ _1\"/>lope<span class=\"_ _1\"/>d by Fugro N<span class=\"_ _1\"/>V and are disclosed in s<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>ion 2<span class=\"_ _1\"/>.2 (selec<span class=\"_ _1\"/>tion of key pe<span class=\"_ _1\"/>rfo<span class=\"_ _1\"/>rmance indicator<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) of th<span class=\"_ _1\"/>e frame<span class=\"_ _1\"/>work<span class=\"_ _1\"/>. The init<span class=\"_ _1\"/>ial scores in the tabl<span class=\"_ _1\"/>e above are b<span class=\"_ _1\"/>ased on the p<span class=\"_ _1\"/>erf<span class=\"_ _1\"/>ormance of the G<span class=\"_ _1\"/>roup in respe<span class=\"_ _1\"/>ct of each K<span class=\"_ _1\"/>PI fo<span class=\"_ _1\"/>r the financ<span class=\"_ _1\"/>ial year ende<span class=\"_ _1\"/>d 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>0, 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1 and 20<span class=\"_ _1\"/>21 respe<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>vely. There is no re<span class=\"_ _1\"/>quirement fro<span class=\"_ _1\"/>m the le<span class=\"_ _1\"/>nders t<span class=\"_ _1\"/>hat obliges Fugro to use t<span class=\"_ _1\"/>he bor<span class=\"_ _1\"/>rowing for \u2018green\u2019 p<span class=\"_ _1\"/>rojec<span class=\"_ _1\"/>ts<span class=\"_ _1\"/>. Failure to meet these K<span class=\"_ _1\"/>PIs do<span class=\"_ _1\"/>es not tri<span class=\"_ _1\"/>gger a def<span class=\"_ _1\"/>ault event or an earl<span class=\"_ _1\"/>y repayme<span class=\"_ _1\"/>nt.An interest discount or p<span class=\"_ _1\"/>enalt<span class=\"_ _1\"/>y of bet<span class=\"_ _1\"/>ween 5 b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s point<span class=\"_ _1\"/>s and 1<span class=\"_ _1\"/>0 basis points will be applie<span class=\"_ _1\"/>d on the margin pay<span class=\"_ _1\"/>able on the re<span class=\"_ _1\"/>volving cre<span class=\"_ _1\"/>dit facilit<span class=\"_ _1\"/>y and th<span class=\"_ _1\"/>e term loan b<span class=\"_ _1\"/>ased on the p<span class=\"_ _1\"/>erf<span class=\"_ _1\"/>ormance of Fugro against sp<span class=\"_ _1\"/>ecifi<span class=\"_ _1\"/>ed targe<span class=\"_ _1\"/>ts for thr<span class=\"_ _1\"/>ee key pe<span class=\"_ _1\"/>rfor<span class=\"_ _1\"/>mance indicator<span class=\"_ _1\"/>s:Num<span class=\"_ _1\"/>ber of t<span class=\"_ _1\"/>arge<span class=\"_ _1\"/>ts me<span class=\"_ _1\"/>t<span class=\"_ _42\"> </span><span class=\"ff2 fs36 ls2\">Term l<span class=\"_ _1\"/>oan a<span class=\"_ _1\"/>nd RC<span class=\"_ _1\"/>F</span>0<span class=\"_ _bc\"> </span><span class=\"ff8\">+/+ 10 bps</span>1<span class=\"_ _230\"> </span><span class=\"ff8\">No adjustment</span>2-/- 5 bps3-/- 10 bps33<span class=\"_ _1\"/>. <span class=\"_ _cf\"> </span><span class=\"ff5 fs6 ls11f ws3b\">T<span class=\"_ _1\"/>R<span class=\"_ _1\"/>AD<span class=\"_ _1\"/>E A<span class=\"_ _1\"/>N<span class=\"_ _1\"/>D OT<span class=\"_ _1\"/>H<span class=\"_ _1\"/>E<span class=\"_ _1\"/>R P<span class=\"_ _6\"/>A<span class=\"_ _6\"/>Y<span class=\"_ _6\"/>AB<span class=\"_ _1\"/>L<span class=\"_ _1\"/>E<span class=\"_ _1\"/>S</span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade and<span class=\"_ _6\"/> other payables r<span class=\"_ _6\"/>epresent<span class=\"_ _6\"/> liabi<span class=\"_ _6\"/>lities for<span class=\"_ _6\"/> ser<span class=\"_ _1\"/>vice<span class=\"_ _6\"/>s and goods provided t<span class=\"_ _6\"/>o the group pr<span class=\"_ _1\"/>ior to the en<span class=\"_ _1\"/>d of financial year whi<span class=\"_ _1\"/>ch are unpaid. Trade and ot<span class=\"_ _1\"/>her payabl<span class=\"_ _1\"/>es are recognise<span class=\"_ _1\"/>d initially at fair v<span class=\"_ _1\"/>alue net of any direc<span class=\"_ _1\"/>tly at<span class=\"_ _1\"/>tribut<span class=\"_ _1\"/>able tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>on costs. Subseque<span class=\"_ _1\"/>nt to initial recogniti<span class=\"_ _1\"/>on they are m<span class=\"_ _1\"/>easured at amor<span class=\"_ _1\"/>tised cost using the eff<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tive interest r<span class=\"_ _1\"/>ate method<span class=\"_ _1\"/>.(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade payables<span class=\"_ _28a\"> </span><span class=\"ls2 ws2\">110,067<span class=\"_ _9b\"> </span><span class=\"ff8 fc14\">111,409</span></span>Acc<span class=\"_ _6\"/>rued e<span class=\"_ _6\"/>xpen<span class=\"_ _7\"/>ses<span class=\"_ _28b\"> </span><span class=\"ls2 ws2\">137<span class=\"_ _7\"/>,224<span class=\"_ _fa\"> </span><span class=\"ff8 fc14\">139,824</span></span>Adv<span class=\"_ _1\"/>ance instalm<span class=\"_ _1\"/>ents to wo<span class=\"_ _1\"/>rk in pro<span class=\"_ _1\"/>gress<span class=\"_ _27e\"> </span>71,5<span class=\"_ _1\"/>08<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">5<span class=\"_ _1\"/>0,514</span>Emplo<span class=\"_ _1\"/>yee relat<span class=\"_ _1\"/>ed accrua<span class=\"_ _1\"/>ls<span class=\"_ _203\"> </span>65,616<span class=\"_ _a1\"> </span><span class=\"ff8 fc14\">6<span class=\"_ _1\"/>0,<span class=\"_ _7\"/>188</span>Ot<span class=\"_ _1\"/>her liabili<span class=\"_ _1\"/>ties<span class=\"_ _102\"> </span><span class=\"ls2 ws2\">26,37<span class=\"_ _1\"/>9<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">21,072</span></span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _203\"> </span>410,7<span class=\"_ _1\"/>94<span class=\"_ _d0\"> </span><span class=\"fc14\">383,007</span>3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>. <span class=\"_ _d\"> </span><span class=\"ff5 fs6 lsf7 ws3d\">FINANCIAL RISK<span class=\"_ _6\"/> MANA<span class=\"_ _6\"/>GEM<span class=\"_ _1\"/>ENT</span>3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>.1 <span class=\"_ _d\"> </span><span class=\"ff2 fs3 ls80 ws85\">Overview</span>The company<span class=\"_ _1\"/>\u2019s risk manageme<span class=\"_ _1\"/>nt polic<span class=\"_ _1\"/>y includes th<span class=\"_ _1\"/>e long-term sustainable manag<span class=\"_ _1\"/>ement of its business ac<span class=\"_ _1\"/>tivi<span class=\"_ _1\"/>ties and whe<span class=\"_ _1\"/>re possible, t<span class=\"_ _1\"/>he mitigatio<span class=\"_ _1\"/>n of the associated b<span class=\"_ _1\"/>usi<span class=\"_ _6\"/>ness risks<span class=\"_ _1\"/>. Based on t<span class=\"_ _1\"/>he nature and relati<span class=\"_ _1\"/>ve significance of th<span class=\"_ _1\"/>e risks relate<span class=\"_ _1\"/>d to the Group\u2019s wide diversit<span class=\"_ _1\"/>y of mar<span class=\"_ _1\"/>kets, cli<span class=\"_ _1\"/>ents and re<span class=\"_ _1\"/>gions and it<span class=\"_ _1\"/>s broad po<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>folio of ac<span class=\"_ _1\"/>tiv<span class=\"_ _1\"/>ities the r<span class=\"_ _1\"/>isks have be<span class=\"_ _1\"/>en quantifie<span class=\"_ _1\"/>d to the ex<span class=\"_ _1\"/>tent possible.The G<span class=\"_ _1\"/>roup has exposure to th<span class=\"_ _1\"/>e following f<span class=\"_ _1\"/>inancial risks f<span class=\"_ _1\"/>rom its o<span class=\"_ _1\"/>perat<span class=\"_ _1\"/>ions: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Cre<span class=\"_ _1\"/>dit r<span class=\"_ _1\"/>isk <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Li<span class=\"_ _1\"/>quidit<span class=\"_ _1\"/>y risk <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Marke<span class=\"_ _7\"/>t riskThis note pres<span class=\"_ _1\"/>ents informati<span class=\"_ _1\"/>on about t<span class=\"_ _1\"/>he Group\u2019s exp<span class=\"_ _1\"/>osure to each of the above r<span class=\"_ _1\"/>isks, the G<span class=\"_ _1\"/>roup\u2019s objec<span class=\"_ _1\"/>tives, p<span class=\"_ _1\"/>olicies and pr<span class=\"_ _1\"/>ocesses for measuring an<span class=\"_ _1\"/>d managing risk<span class=\"_ _1\"/>, and the Group\u2019s manage<span class=\"_ _1\"/>ment of capital<span class=\"_ _1\"/>. This note present<span class=\"_ _1\"/>s information o<span class=\"_ _1\"/>n a consolidated basis includ<span class=\"_ _6\"/>ing both c<span class=\"_ _6\"/>ontin<span class=\"_ _6\"/>ued and di<span class=\"_ _6\"/>scon<span class=\"_ _7\"/>t<span class=\"_ _1\"/>in<span class=\"_ _6\"/>ued operations.The B<span class=\"_ _1\"/>oard of Manag<span class=\"_ _1\"/>ement has overall resp<span class=\"_ _1\"/>onsibility f<span class=\"_ _1\"/>or the est<span class=\"_ _1\"/>ablishment and oversight of the Gr<span class=\"_ _1\"/>oup\u2019s risk management fr<span class=\"_ _1\"/>amewor<span class=\"_ _1\"/>k.The G<span class=\"_ _1\"/>roup\u2019s risk management p<span class=\"_ _1\"/>olicies are est<span class=\"_ _1\"/>ablished to identif<span class=\"_ _1\"/>y an<span class=\"_ _1\"/>d analyse the r<span class=\"_ _1\"/>isks face<span class=\"_ _1\"/>d by the Gro<span class=\"_ _1\"/>up, to set appropr<span class=\"_ _1\"/>iate risk limits and controls<span class=\"_ _1\"/>, and to monitor r<span class=\"_ _1\"/>isks and adhere<span class=\"_ _1\"/>nce to limits. R<span class=\"_ _1\"/>isk management po<span class=\"_ _1\"/>licies and sy<span class=\"_ _1\"/>stems are revie<span class=\"_ _1\"/>wed re<span class=\"_ _1\"/>gularly to ref<span class=\"_ _1\"/>lec<span class=\"_ _1\"/>t changes in market condit<span class=\"_ _1\"/>ions and the G<span class=\"_ _1\"/>roup\u2019s activ<span class=\"_ _1\"/>ities. T<span class=\"_ _1\"/>he Group, t<span class=\"_ _1\"/>hrough its training an<span class=\"_ _1\"/>d management st<span class=\"_ _1\"/>andards and pro<span class=\"_ _1\"/>cedures, aims to deve<span class=\"_ _1\"/>lop a disciplined and con<span class=\"_ _6\"/>structive control en<span class=\"_ _6\"/>vironment<span class=\"_ _6\"/> in which<span class=\"_ _6\"/> all em<span class=\"_ _6\"/>ployees understand thei<span class=\"_ _6\"/>r role and obligation<span class=\"_ _7\"/>s<span class=\"_ _1\"/>.The audit commit<span class=\"_ _1\"/>te<span class=\"_ _1\"/>e oversees h<span class=\"_ _1\"/>ow managem<span class=\"_ _1\"/>ent monitors comp<span class=\"_ _1\"/>liance with the group\u2019s risk managem<span class=\"_ _1\"/>ent policies an<span class=\"_ _1\"/>d procedures an<span class=\"_ _1\"/>d review<span class=\"_ _1\"/>s the ade<span class=\"_ _1\"/>quacy of t<span class=\"_ _1\"/>he risk managem<span class=\"_ _1\"/>ent frame<span class=\"_ _1\"/>work in relat<span class=\"_ _1\"/>ion to the r<span class=\"_ _1\"/>isks faced by t<span class=\"_ _1\"/>he group. T<span class=\"_ _1\"/>he audit commit<span class=\"_ _1\"/>tee is assisted in its over<span class=\"_ _1\"/>sight role by internal audit<span class=\"_ _1\"/>. Both r<span class=\"_ _1\"/>egular and ad ho<span class=\"_ _1\"/>c revie<span class=\"_ _1\"/>ws of risk managem<span class=\"_ _1\"/>ent controls and proce<span class=\"_ _1\"/>dures are per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>med, t<span class=\"_ _1\"/>he results of which ar<span class=\"_ _1\"/>e repor<span class=\"_ _1\"/>te<span class=\"_ _1\"/>d direc<span class=\"_ _1\"/>tly to the B<span class=\"_ _1\"/>oard of Manag<span class=\"_ _1\"/>ement. A summar<span class=\"_ _1\"/>y of imp<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tant obser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ations is repor<span class=\"_ _1\"/>te<span class=\"_ _1\"/>d to the audit commit<span class=\"_ _1\"/>tee<span class=\"_ _1\"/>.3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>.2 <span class=\"_ _5b\"> </span><span class=\"ff2 fs3 ls160 ws16d\">Credit risk</span>Cre<span class=\"_ _1\"/>dit risk is the risk of financial loss to t<span class=\"_ _1\"/>he group if a customer o<span class=\"_ _1\"/>r counterpar<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y to a financial inst<span class=\"_ _1\"/>rument fails to me<span class=\"_ _1\"/>et its contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>ual obligations and ar<span class=\"_ _1\"/>ises principally f<span class=\"_ _1\"/>rom the group\u2019<span class=\"_ _7\"/>s receivables from cu<span class=\"_ _6\"/>stomers and u<span class=\"_ _6\"/>nbilled rev<span class=\"_ _6\"/>enue on (<span class=\"_ _7\"/>complet<span class=\"_ _6\"/>ed<span class=\"_ _1\"/>) c<span class=\"_ _6\"/>ontracts<span class=\"_ _1\"/>.Wit<span class=\"_ _1\"/>h the exception of t<span class=\"_ _1\"/>rade re<span class=\"_ _1\"/>ceivabl<span class=\"_ _1\"/>es that do not contain a signifi<span class=\"_ _1\"/>cant financing compon<span class=\"_ _1\"/>ent or for which t<span class=\"_ _1\"/>he Group has applie<span class=\"_ _1\"/>d the pr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>ical exp<span class=\"_ _1\"/>edient<span class=\"_ _1\"/>, the Gr<span class=\"_ _1\"/>oup initially measures a financ<span class=\"_ _1\"/>ial asset at its fair v<span class=\"_ _1\"/>alue plus, (in th<span class=\"_ _1\"/>e case of a financial asset not at f<span class=\"_ _1\"/>air value t<span class=\"_ _1\"/>hrough prof<span class=\"_ _1\"/>it or loss<span class=\"_ _7\"/>)<span class=\"_ _1\"/>, transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s.The G<span class=\"_ _1\"/>roup considers t<span class=\"_ _1\"/>he probabilit<span class=\"_ _1\"/>y of def<span class=\"_ _1\"/>ault upon initial re<span class=\"_ _1\"/>cognition of an asset and wheth<span class=\"_ _1\"/>er there has b<span class=\"_ _1\"/>een a signifi<span class=\"_ _1\"/>cant increase in cre<span class=\"_ _1\"/>dit risk on an ongoing b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s through<span class=\"_ _1\"/>out each rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting pe<span class=\"_ _1\"/>riod<span class=\"_ _1\"/>. T<span class=\"_ _7\"/>o assess whet<span class=\"_ _1\"/>her ther<span class=\"_ _1\"/>e is a significant increase in credit r<span class=\"_ _1\"/>isk the company compares the r<span class=\"_ _1\"/>isk of a default occurr<span class=\"_ _1\"/>ing on the asset as at the repo<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ting date with the r<span class=\"_ _1\"/>isk of default as at the date of initial re<span class=\"_ _1\"/>cognition<span class=\"_ _1\"/>. It considers availa<span class=\"_ _6\"/>ble reason<span class=\"_ _6\"/>able and<span class=\"_ _6\"/> supportive for<span class=\"_ _1\"/>wardin<span class=\"_ _6\"/>g-looking i<span class=\"_ _6\"/>nformation. The Grou<span class=\"_ _6\"/>p applie<span class=\"_ _6\"/>s the low credit ri<span class=\"_ _6\"/>sk s<span class=\"_ _6\"/>impl<span class=\"_ _6\"/>ification to long<span class=\"_ _7\"/>-term loans, deposi<span class=\"_ _6\"/>ts and other long-<span class=\"_ _7\"/>term receiv<span class=\"_ _1\"/>ables and re<span class=\"_ _1\"/>cognises an allowan<span class=\"_ _1\"/>ce for expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d credit losses (<span class=\"_ _1\"/>ECL<span class=\"_ _1\"/>s) for all debt instrume<span class=\"_ _1\"/>nts not hel<span class=\"_ _1\"/>d at fair value t<span class=\"_ _1\"/>hrough prof<span class=\"_ _1\"/>it or loss.ECL<span class=\"_ _1\"/>s are b<span class=\"_ _1\"/>ased on the dif<span class=\"_ _1\"/>feren<span class=\"_ _1\"/>ce bet<span class=\"_ _1\"/>ween th<span class=\"_ _1\"/>e contrac<span class=\"_ _1\"/>tual cash fl<span class=\"_ _1\"/>ows due in accordance with th<span class=\"_ _1\"/>e contrac<span class=\"_ _1\"/>t and all the cash f<span class=\"_ _1\"/>lows that th<span class=\"_ _1\"/>e Group exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ts to re<span class=\"_ _1\"/>ceive, discounted at an approx<span class=\"_ _1\"/>imation of the or<span class=\"_ _1\"/>iginal effe<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>ive interest rate<span class=\"_ _1\"/>. The exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted cash fl<span class=\"_ _1\"/>ows will include cash f<span class=\"_ _1\"/>lows fr<span class=\"_ _1\"/>om the sale of collater<span class=\"_ _1\"/>al held or ot<span class=\"_ _1\"/>her credit e<span class=\"_ _1\"/>nhancements t<span class=\"_ _1\"/>hat are integral to t<span class=\"_ _1\"/>he contrac<span class=\"_ _1\"/>tual ter<span class=\"_ _1\"/>ms (insofar applicabl<span class=\"_ _1\"/>e<span class=\"_ _6\"/>).The Board of Man<span class=\"_ _6\"/>agement reviews the ou<span class=\"_ _6\"/>tstanding trade receivables<span class=\"_ _6\"/> and unbi<span class=\"_ _7\"/>lled revenue o<span class=\"_ _1\"/>n (<span class=\"_ _7\"/>compl<span class=\"_ _1\"/>eted<span class=\"_ _1\"/>) contrac<span class=\"_ _1\"/>ts on an o<span class=\"_ _1\"/>ngoing basis. L<span class=\"_ _1\"/>ocal manage<span class=\"_ _1\"/>ment is requeste<span class=\"_ _1\"/>d to take<span class=\"_ _6\"/> additional<span class=\"_ _6\"/> precaution in<span class=\"_ _6\"/> working with c<span class=\"_ _6\"/>er<span class=\"_ _1\"/>tain<span class=\"_ _6\"/> clients. For trade receivables and unbilled re<span class=\"_ _1\"/>venue on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s, th<span class=\"_ _1\"/>e Group has estab<span class=\"_ _1\"/>lished a provision matr<span class=\"_ _1\"/>ix that i<span class=\"_ _6\"/>s bas<span class=\"_ _6\"/>ed on its hist<span class=\"_ _6\"/>orical credit lo<span class=\"_ _6\"/>ss experience, ad<span class=\"_ _6\"/>just<span class=\"_ _6\"/>ed for for<span class=\"_ _1\"/>ward-<span class=\"_ _7\"/>lo<span class=\"_ _1\"/>oking factors specific to the deb<span class=\"_ _6\"/>tors and the econom<span class=\"_ _6\"/>ic envir<span class=\"_ _6\"/>onment. Generally,<span class=\"_ _6\"/> trade receivables are fully impaire<span class=\"_ _1\"/>d if past due more t<span class=\"_ _1\"/>han 1.<span class=\"_ _1\"/>5 year and ar<span class=\"_ _1\"/>e not subjec<span class=\"_ _1\"/>t to enforcement ac<span class=\"_ _1\"/>tivit<span class=\"_ _1\"/>y. The pr<span class=\"_ _1\"/>ovision rates are b<span class=\"_ _1\"/>ased on days past due fo<span class=\"_ _1\"/>r customers<span class=\"_ _1\"/>. The G<span class=\"_ _1\"/>roup considered vari<span class=\"_ _1\"/>ous customer se<span class=\"_ _1\"/>gments that have similar loss pat<span class=\"_ _1\"/>terns (i<span class=\"_ _1\"/>.e., by g<span class=\"_ _1\"/>eogr<span class=\"_ _1\"/>aphy, ser<span class=\"_ _1\"/>vice/produ<span class=\"_ _1\"/>ct t<span class=\"_ _1\"/>yp<span class=\"_ _1\"/>e, industr<span class=\"_ _1\"/>y, customer t<span class=\"_ _1\"/>yp<span class=\"_ _1\"/>e and rating<span class=\"_ _1\"/>, and covera<span class=\"_ _1\"/>ge from cre<span class=\"_ _1\"/>dit insurance where ap<span class=\"_ _1\"/>plicable). The ag<span class=\"_ _1\"/>eing is based on invoice due date. T<span class=\"_ _1\"/>he provision mat<span class=\"_ _1\"/>rix is initially based on t<span class=\"_ _1\"/>he Group\u2019s historic<span class=\"_ _1\"/>al obser<span class=\"_ _1\"/>ved d<span class=\"_ _1\"/>efault rates<span class=\"_ _1\"/>. The Gr<span class=\"_ _1\"/>oup calibrates th<span class=\"_ _1\"/>e matrix to adju<span class=\"_ _6\"/>st the hi<span class=\"_ _6\"/>storical credi<span class=\"_ _6\"/>t loss<span class=\"_ _6\"/> experience with forward-looking in<span class=\"_ _7\"/>for<span class=\"_ _1\"/>ma<span class=\"_ _6\"/>tion con<span class=\"_ _6\"/>sidering current mar<span class=\"_ _1\"/>ket conditions at the re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ting date. A t<span class=\"_ _1\"/>rade re<span class=\"_ _1\"/>ceivable is wr<span class=\"_ _1\"/>itte<span class=\"_ _1\"/>n off wh<span class=\"_ _1\"/>en ther<span class=\"_ _1\"/>e is no reasonable exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tation of re<span class=\"_ _1\"/>covering the contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>tual cash flo<span class=\"_ _1\"/>ws. The assessment of th<span class=\"_ _1\"/>e correlatio<span class=\"_ _1\"/>n bet<span class=\"_ _1\"/>ween histor<span class=\"_ _1\"/>ical obser<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>d default r<span class=\"_ _1\"/>ates, for<span class=\"_ _1\"/>ecast economi<span class=\"_ _1\"/>c conditions and E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>s is an estimate. The s<span class=\"_ _1\"/>ensitivit<span class=\"_ _1\"/>y of the amo<span class=\"_ _1\"/>unt of ECL<span class=\"_ _1\"/>s to changes in circumst<span class=\"_ _1\"/>ances and of forec<span class=\"_ _1\"/>ast economic condit<span class=\"_ _1\"/>ions is limited. Th<span class=\"_ _1\"/>e Group\u2019s hist<span class=\"_ _6\"/>orical credit lo<span class=\"_ _6\"/>ss experience a<span class=\"_ _6\"/>nd forecast o<span class=\"_ _6\"/>f economic c<span class=\"_ _7\"/>onditions may<span class=\"_ _6\"/> not be represe<span class=\"_ _1\"/>ntative of custome<span class=\"_ _1\"/>r\u2019s ac<span class=\"_ _1\"/>tual default in the f<span class=\"_ _1\"/>uture. T<span class=\"_ _1\"/>he Group do<span class=\"_ _1\"/>es not provi<span class=\"_ _1\"/>de detaile<span class=\"_ _1\"/>d informatio<span class=\"_ _1\"/>n on (<span class=\"_ _7\"/>a) the est<span class=\"_ _1\"/>imation techni<span class=\"_ _1\"/>ques and inputs use<span class=\"_ _1\"/>d, (<span class=\"_ _1\"/>b<span class=\"_ _7\"/>) h<span class=\"_ _1\"/>ow the forecast economi<span class=\"_ _6\"/>c cond<span class=\"_ _6\"/>itions h<span class=\"_ _6\"/>ave been inc<span class=\"_ _7\"/>or<span class=\"_ _1\"/>porated in the de<span class=\"_ _6\"/>termina<span class=\"_ _6\"/>tion of ECL and<span class=\"_ _6\"/> (<span class=\"_ _7\"/>c) changes in est<span class=\"_ _1\"/>imation techniqu<span class=\"_ _1\"/>es and inputs use<span class=\"_ _1\"/>d, be<span class=\"_ _1\"/>cause the impac<span class=\"_ _1\"/>t is not signific<span class=\"_ _1\"/>ant.Some of t<span class=\"_ _1\"/>he Group\u2019s order<span class=\"_ _1\"/>s are awarde<span class=\"_ _1\"/>d on the basis of long-ter<span class=\"_ _1\"/>m preferre<span class=\"_ _1\"/>d supplier agree<span class=\"_ _1\"/>ments<span class=\"_ _1\"/>. In the cours<span class=\"_ _1\"/>e of a year Fugro of<span class=\"_ _1\"/>ten carr<span class=\"_ _1\"/>ies out multiple p<span class=\"_ _1\"/>rojec<span class=\"_ _1\"/>ts for t<span class=\"_ _1\"/>he same client<span class=\"_ _1\"/>. Fugro t<span class=\"_ _1\"/>ypicall<span class=\"_ _1\"/>y has no single client that gen<span class=\"_ _1\"/>erates mo<span class=\"_ _1\"/>re than 5% of its r<span class=\"_ _1\"/>evenue in the year. On occasion on<span class=\"_ _1\"/>e client may gene<span class=\"_ _1\"/>rate more tha<span class=\"_ _1\"/>n 5%<span class=\"_ _1\"/>, which can happ<span class=\"_ _1\"/>en in case of exceptionall<span class=\"_ _1\"/>y large contrac<span class=\"_ _1\"/>ts w<span class=\"_ _1\"/>here most of th<span class=\"_ _1\"/>e revenue f<span class=\"_ _1\"/>alls in the accounting year<span class=\"_ _7\"/>. Having a larg<span class=\"_ _1\"/>e number of client<span class=\"_ _1\"/>s and shor<span class=\"_ _1\"/>t proje<span class=\"_ _1\"/>ct time sp<span class=\"_ _1\"/>ans mitigates Fugro\u2019s credit r<span class=\"_ _1\"/>isk as the indivi<span class=\"_ _1\"/>dual amounts re<span class=\"_ _1\"/>ceivable f<span class=\"_ _1\"/>rom the sam<span class=\"_ _1\"/>e client are limited.New customers are<span class=\"_ _6\"/> analysed i<span class=\"_ _6\"/>ndividual<span class=\"_ _7\"/>l<span class=\"_ _1\"/>y for c<span class=\"_ _6\"/>reditwor<span class=\"_ _1\"/>thiness before<span class=\"_ _6\"/> payment a<span class=\"_ _6\"/>nd delivery terms and condit<span class=\"_ _1\"/>ions are off<span class=\"_ _1\"/>ered. T<span class=\"_ _1\"/>he Gro<span class=\"_ _1\"/>up\u2019<span class=\"_ _6\"/>s revie<span class=\"_ _1\"/>w may include ex<span class=\"_ _1\"/>ternal r<span class=\"_ _1\"/>atings, wh<span class=\"_ _1\"/>ere available<span class=\"_ _1\"/>, and in some cases bank r<span class=\"_ _1\"/>eferences<span class=\"_ _1\"/>. Customers that f<span class=\"_ _1\"/>ail to meet th<span class=\"_ _1\"/>e Group\u2019s ben<span class=\"_ _1\"/>chmark credit<span class=\"_ _1\"/>wo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>hiness may transac<span class=\"_ _1\"/>t with th<span class=\"_ _1\"/>e Group onl<span class=\"_ _1\"/>y on a prepaym<span class=\"_ _1\"/>ent basis or have to provid<span class=\"_ _1\"/>e a bank guarantee<span class=\"_ _1\"/>.The majo<span class=\"_ _1\"/>rit<span class=\"_ _1\"/>y of the Gro<span class=\"_ _1\"/>up\u2019<span class=\"_ _6\"/>s client<span class=\"_ _1\"/>s has done business with th<span class=\"_ _1\"/>e Group for many ye<span class=\"_ _1\"/>ars and signific<span class=\"_ _1\"/>ant losses have only occurre<span class=\"_ _1\"/>d incidentall<span class=\"_ _1\"/>y in prior year<span class=\"_ _1\"/>s. Clie<span class=\"_ _1\"/>nts that are kn<span class=\"_ _1\"/>own to have negat<span class=\"_ _1\"/>ive credit char<span class=\"_ _1\"/>acte<span class=\"_ _1\"/>ristics a<span class=\"_ _1\"/>re individually mo<span class=\"_ _1\"/>nitored by t<span class=\"_ _1\"/>he group controlle<span class=\"_ _1\"/>rs. If client<span class=\"_ _1\"/>s fail to pay time<span class=\"_ _1\"/>ly the Gr<span class=\"_ _1\"/>oup re-assesses the credit<span class=\"_ _1\"/>wo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>hiness and stron<span class=\"_ _1\"/>ger debt collec<span class=\"_ _1\"/>tion is st<span class=\"_ _1\"/>arte<span class=\"_ _1\"/>d if deem<span class=\"_ _1\"/>ed necessar<span class=\"_ _1\"/>y. The G<span class=\"_ _1\"/>roup closely m<span class=\"_ _1\"/>onitors cer<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ain clients that nee<span class=\"_ _1\"/>d ex<span class=\"_ _1\"/>tra at<span class=\"_ _1\"/>tention b<span class=\"_ _1\"/>efore a contr<span class=\"_ _1\"/>act is close<span class=\"_ _1\"/>d.For o<span class=\"_ _1\"/>ther finan<span class=\"_ _1\"/>cial assets, E<span class=\"_ _1\"/>CL<span class=\"_ _1\"/>s are re<span class=\"_ _1\"/>cognised in t<span class=\"_ _1\"/>wo stag<span class=\"_ _1\"/>es. Fo<span class=\"_ _1\"/>r credit exp<span class=\"_ _1\"/>osures for which th<span class=\"_ _1\"/>ere has not be<span class=\"_ _1\"/>en a significant inc<span class=\"_ _1\"/>rease in credit risk since initial re<span class=\"_ _1\"/>cognition<span class=\"_ _1\"/>, ECL<span class=\"_ _1\"/>s are p<span class=\"_ _1\"/>rovide<span class=\"_ _1\"/>d for credit l<span class=\"_ _1\"/>osses that result from def<span class=\"_ _1\"/>ault events that are p<span class=\"_ _1\"/>ossible within the ne<span class=\"_ _1\"/>xt 1<span class=\"_ _1\"/>2<span class=\"_ _6\"/>-months (a 12<span class=\"_ _6\"/>-month EC<span class=\"_ _1\"/>L). Th<span class=\"_ _1\"/>e Group consider<span class=\"_ _1\"/>s that there has b<span class=\"_ _1\"/>een a signific<span class=\"_ _1\"/>ant increase in credit r<span class=\"_ _1\"/>isk when contrac<span class=\"_ _1\"/>tual paym<span class=\"_ _1\"/>ents are mo<span class=\"_ _1\"/>re than 3<span class=\"_ _1\"/>0 days past due. F<span class=\"_ _1\"/>or those cre<span class=\"_ _1\"/>dit exposures fo<span class=\"_ _1\"/>r which the<span class=\"_ _1\"/>re has been a signif<span class=\"_ _1\"/>icant increase in cre<span class=\"_ _1\"/>dit risk since initial recognit<span class=\"_ _1\"/>ion, a loss allo<span class=\"_ _1\"/>wance is require<span class=\"_ _1\"/>d for credit l<span class=\"_ _1\"/>osses expe<span class=\"_ _1\"/>cted ov<span class=\"_ _1\"/>er the remaining life of the e<span class=\"_ _1\"/>xposure, ir<span class=\"_ _1\"/>respec<span class=\"_ _1\"/>tive of the t<span class=\"_ _1\"/>iming of the def<span class=\"_ _1\"/>ault (<span class=\"_ _7\"/>a lifetim<span class=\"_ _1\"/>e ECL<span class=\"_ _1\"/>). The G<span class=\"_ _1\"/>roup considers a f<span class=\"_ _1\"/>inancial asset in default wh<span class=\"_ _1\"/>en contrac<span class=\"_ _1\"/>tual paym<span class=\"_ _1\"/>ents are 9<span class=\"_ _1\"/>0 days past due. H<span class=\"_ _1\"/>owever, in cert<span class=\"_ _1\"/>ain cases, th<span class=\"_ _1\"/>e Group may also consider a f<span class=\"_ _1\"/>inancial asset to be in default w<span class=\"_ _1\"/>hen internal or ex<span class=\"_ _1\"/>ter<span class=\"_ _1\"/>nal information indi<span class=\"_ _1\"/>cates that the Gr<span class=\"_ _1\"/>oup is unlikely to receive the out<span class=\"_ _1\"/>standing contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>tual amounts in f<span class=\"_ _1\"/>ull before t<span class=\"_ _1\"/>aking into account any credit enhancement<span class=\"_ _1\"/>s (insofar appli<span class=\"_ _1\"/>cable) held by the G<span class=\"_ _1\"/>roup. A finan<span class=\"_ _1\"/>cial asset is writ<span class=\"_ _1\"/>ten off wh<span class=\"_ _1\"/>en ther<span class=\"_ _1\"/>e is no reasonable exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>tation of re<span class=\"_ _1\"/>covering the contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>tual cash flo<span class=\"_ _1\"/>ws. A f<span class=\"_ _1\"/>inancial asset is \u2018<span class=\"_ _6\"/>credit-impaired<span class=\"_ _1\"/>\u2019 when one o<span class=\"_ _1\"/>r more event<span class=\"_ _1\"/>s that have a detrime<span class=\"_ _1\"/>ntal impac<span class=\"_ _1\"/>t on the estimated f<span class=\"_ _1\"/>uture cash fl<span class=\"_ _1\"/>ows of the f<span class=\"_ _1\"/>inancial asset have occurred<span class=\"_ _1\"/>.The G<span class=\"_ _1\"/>roup has no signific<span class=\"_ _1\"/>ant lease arran<span class=\"_ _1\"/>gement<span class=\"_ _1\"/>s in which it is a lessor.The G<span class=\"_ _1\"/>roup\u2019s carr<span class=\"_ _1\"/>ying am<span class=\"_ _1\"/>ount of cash and cash equivale<span class=\"_ _1\"/>nts repres<span class=\"_ _1\"/>ents its ma<span class=\"_ _1\"/>ximum credit exp<span class=\"_ _1\"/>osure on these assets<span class=\"_ _1\"/>. The cash and c<span class=\"_ _1\"/>ash equivalent<span class=\"_ _1\"/>s are held wi<span class=\"_ _1\"/>th bank and finan<span class=\"_ _1\"/>cial insti<span class=\"_ _6\"/>tution cou<span class=\"_ _6\"/>nterparties, which hav<span class=\"_ _6\"/>e \u2018i<span class=\"_ _6\"/>nvestmen<span class=\"_ _6\"/>t grade\u2019 credit rati<span class=\"_ _6\"/>ngs.Credit risk expos<span class=\"_ _6\"/>ureThe ma<span class=\"_ _1\"/>ximum exposure to cre<span class=\"_ _1\"/>dit risk at the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date is the car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amount of each class of financial asset<span class=\"_ _1\"/>s (<span class=\"_ _6\"/>such as loans, de<span class=\"_ _1\"/>posits<span class=\"_ _1\"/>, receiv<span class=\"_ _1\"/>ables and unbille<span class=\"_ _1\"/>d revenue on completed p<span class=\"_ _1\"/>rojec<span class=\"_ _1\"/>ts). The group hol<span class=\"_ _1\"/>ds no collateral as secur<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y on the long-ter<span class=\"_ _1\"/>m loans, deposits, other long-<span class=\"_ _7\"/>term receivables, trade and other receivables a<span class=\"_ _6\"/>nd unbi<span class=\"_ _6\"/>lled revenue<span class=\"_ _6\"/> on (c<span class=\"_ _6\"/>omplete<span class=\"_ _1\"/>d) contr<span class=\"_ _1\"/>act<span class=\"_ _1\"/>s. A<span class=\"_ _1\"/>s such, t<span class=\"_ _1\"/>he Group do<span class=\"_ _1\"/>es not have financial asset<span class=\"_ _1\"/>s for whic<span class=\"_ _1\"/>h no loss allowan<span class=\"_ _1\"/>ce is recognised b<span class=\"_ _1\"/>ecause of collateral<span class=\"_ _1\"/>. The max<span class=\"_ _1\"/>imum exposure for tr<span class=\"_ _1\"/>ade receiv<span class=\"_ _1\"/>ables and unbille<span class=\"_ _1\"/>d revenue on (completed<span class=\"_ _1\"/>) contra<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s at the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting date by geo<span class=\"_ _1\"/>graphic r<span class=\"_ _1\"/>egion is disclose<span class=\"_ _1\"/>d in the segm<span class=\"_ _1\"/>ent repor<span class=\"_ _1\"/>ting n<span class=\"_ _1\"/>ote and equals the c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt.The<span class=\"_ _1\"/>re was no visible impac<span class=\"_ _1\"/>t of macro<span class=\"_ _1\"/>economic eve<span class=\"_ _1\"/>nts arising in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 on the Gro<span class=\"_ _1\"/>up\u2019<span class=\"_ _6\"/>s credit risk exp<span class=\"_ _1\"/>osure. Fur<span class=\"_ _1\"/>therm<span class=\"_ _1\"/>ore, no mater<span class=\"_ _1\"/>ial change to EC<span class=\"_ _1\"/>L<span class=\"_ _1\"/>s on tra<span class=\"_ _1\"/>de receiv<span class=\"_ _1\"/>ables out<span class=\"_ _1\"/>standing with cu<span class=\"_ _6\"/>stomers and un<span class=\"_ _6\"/>billed rev<span class=\"_ _6\"/>enue on (<span class=\"_ _7\"/>completed) projects was deemed necessar<span class=\"_ _1\"/>y<span class=\"_ _7\"/>.Refer to <span class=\"fc14\">no<span class=\"_ _1\"/>te 25</span><span class=\"ls9e wsa2\"> Trade and<span class=\"_ _6\"/> other receivables for<span class=\"_ _6\"/> detail<span class=\"_ _6\"/>s on the ageing<span class=\"_ _6\"/> and reco<span class=\"_ _6\"/>verability of </span>trade receivables and u<span class=\"_ _6\"/>nbil<span class=\"_ _6\"/>led revenues.Cash and cash equi<span class=\"_ _1\"/>valent<span class=\"_ _1\"/>s are gener<span class=\"_ _1\"/>ally held w<span class=\"_ _1\"/>ith large well-kn<span class=\"_ _1\"/>own banks w<span class=\"_ _1\"/>ith adequate credit r<span class=\"_ _1\"/>atings only.3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>3 <span class=\"_ _57\"> </span><span class=\"ff2 fs3 ls9e wsa2\">Li<span class=\"_ _1\"/>quidity r<span class=\"_ _1\"/>isk</span>Liqui<span class=\"_ _1\"/>dity r<span class=\"_ _1\"/>isk is the risk that the Gr<span class=\"_ _1\"/>oup will encounter diff<span class=\"_ _1\"/>icult<span class=\"_ _1\"/>y in meet<span class=\"_ _1\"/>ing the obligati<span class=\"_ _1\"/>ons associated w<span class=\"_ _1\"/>ith its f<span class=\"_ _1\"/>inancial liabilities that are s<span class=\"_ _1\"/>ettl<span class=\"_ _1\"/>ed by delive<span class=\"_ _1\"/>ring cash or anoth<span class=\"_ _1\"/>er financial asset<span class=\"_ _1\"/>. The G<span class=\"_ _1\"/>roup\u2019s approach to managing li<span class=\"_ _1\"/>quidity is to ensure, as f<span class=\"_ _1\"/>ar as possible, that it will alway<span class=\"_ _1\"/>s have su<span class=\"_ _6\"/>ff<span class=\"_ _1\"/>icient liquidit<span class=\"_ _1\"/>y to me<span class=\"_ _1\"/>et its liabilit<span class=\"_ _1\"/>ies when due<span class=\"_ _1\"/>, under bot<span class=\"_ _1\"/>h normal and s<span class=\"_ _6\"/>tressed c<span class=\"_ _6\"/>onditions, withou<span class=\"_ _6\"/>t incu<span class=\"_ _6\"/>rring unac<span class=\"_ _7\"/>ceptable losse<span class=\"_ _6\"/>s or ris<span class=\"_ _6\"/>king da<span class=\"_ _6\"/>mage to the G<span class=\"_ _1\"/>roup\u2019s reputation<span class=\"_ _1\"/>. The glo<span class=\"_ _1\"/>bal cash poo<span class=\"_ _1\"/>l makes it possible for th<span class=\"_ _1\"/>e company to use the cash surplus wit<span class=\"_ _1\"/>hin the group to re<span class=\"_ _1\"/>duce the overdraf<span class=\"_ _1\"/>t<span class=\"_ _1\"/>s at its main uncommit<span class=\"_ _1\"/>ted fa<span class=\"_ _1\"/>cilities<span class=\"_ _1\"/>.As at 3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, Fu<span class=\"_ _1\"/>gro holds tr<span class=\"_ _1\"/>apped c<span class=\"_ _1\"/>ash balances in Angola an<span class=\"_ _1\"/>d Niger<span class=\"_ _1\"/>ia (<span class=\"_ _7\"/>as quantifie<span class=\"_ _1\"/>d in <span class=\"fc14\">note 26</span> C<span class=\"_ _1\"/>ash and cash equivale<span class=\"_ _1\"/>nts<span class=\"_ _6\"/>), where e<span class=\"_ _1\"/>xchange controls appl<span class=\"_ _1\"/>y<span class=\"_ _6\"/>. The company e<span class=\"_ _1\"/>xpec<span class=\"_ _1\"/>ts t<span class=\"_ _1\"/>hat these exchang<span class=\"_ _1\"/>e controls will become l<span class=\"_ _1\"/>ess when the o<span class=\"_ _1\"/>il and gas market conditi<span class=\"_ _1\"/>ons are expe<span class=\"_ _1\"/>cte<span class=\"_ _1\"/>d to improve and whe<span class=\"_ _1\"/>n Angola an<span class=\"_ _1\"/>d Niger<span class=\"_ _1\"/>ia will have increase<span class=\"_ _1\"/>d inflow of USD in r<span class=\"_ _1\"/>elation to the<span class=\"_ _1\"/>ir oil business. In addit<span class=\"_ _1\"/>ion, se<span class=\"_ _1\"/>veral ac<span class=\"_ _1\"/>tions have been explored to furth<span class=\"_ _1\"/>er lower th<span class=\"_ _6\"/>is amou<span class=\"_ _6\"/>nt.The G<span class=\"_ _1\"/>roup monitor<span class=\"_ _1\"/>s cash flo<span class=\"_ _1\"/>w on a regular basis and op<span class=\"_ _1\"/>erates wit<span class=\"_ _1\"/>h a global cash po<span class=\"_ _1\"/>ol. Consolidated c<span class=\"_ _1\"/>ash flow infor<span class=\"_ _1\"/>mation, inc<span class=\"_ _1\"/>luding a projec<span class=\"_ _1\"/>tion f<span class=\"_ _1\"/>or the year, is repor<span class=\"_ _1\"/>ted o<span class=\"_ _1\"/>n a monthly b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s to the B<span class=\"_ _1\"/>oard of Manage<span class=\"_ _1\"/>ment, e<span class=\"_ _1\"/>ns<span class=\"_ _6\"/>uring that th<span class=\"_ _1\"/>e Group has suff<span class=\"_ _1\"/>icient cash on deman<span class=\"_ _1\"/>d (<span class=\"_ _7\"/>or av<span class=\"_ _1\"/>ailable lines of credit<span class=\"_ _1\"/>) to meet exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ted near te<span class=\"_ _1\"/>rm oper<span class=\"_ _1\"/>ational exp<span class=\"_ _1\"/>enditures. C<span class=\"_ _1\"/>ash flow p<span class=\"_ _1\"/>rojec<span class=\"_ _1\"/>tions exclud<span class=\"_ _1\"/>e the potent<span class=\"_ _1\"/>ial impact of ex<span class=\"_ _1\"/>tre<span class=\"_ _1\"/>me circumstances that cann<span class=\"_ _1\"/>ot reasonably b<span class=\"_ _1\"/>e predic<span class=\"_ _1\"/>ted<span class=\"_ _1\"/>, such as natural disasters<span class=\"_ _1\"/>. The Gr<span class=\"_ _1\"/>oup maintains t<span class=\"_ _1\"/>he foll<span class=\"_ _1\"/>owing lin<span class=\"_ _1\"/>es of cre<span class=\"_ _1\"/>dit: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>A senior te<span class=\"_ _1\"/>rm loan f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y totalling EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>0 million ref<span class=\"_ _1\"/>inanced in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 under the n<span class=\"_ _1\"/>ew Senio<span class=\"_ _1\"/>r Facilit<span class=\"_ _1\"/>y arrang<span class=\"_ _1\"/>ement to repla<span class=\"_ _1\"/>ce the existing f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y (Refe<span class=\"_ _1\"/>r to <span class=\"fc14\">Note 5</span> Ref<span class=\"_ _1\"/>inancing 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 for more det<span class=\"_ _1\"/>ails<span class=\"_ _7\"/>). A<span class=\"_ _1\"/>s at 31 De<span class=\"_ _1\"/>cember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, the fa<span class=\"_ _1\"/>cility w<span class=\"_ _1\"/>as drawn fo<span class=\"_ _1\"/>r EUR 2<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 million (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 1<span class=\"_ _1\"/>8<span class=\"_ _1\"/>8 million from th<span class=\"_ _1\"/>e then ex<span class=\"_ _1\"/>isting super senior te<span class=\"_ _1\"/>rm loan f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y totalling EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>0 million). Thes<span class=\"_ _1\"/>e bank faciliti<span class=\"_ _1\"/>es have been se<span class=\"_ _1\"/>cured until D<span class=\"_ _1\"/>ecember 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>5<span class=\"_ _1\"/>. Reference is also made to t<span class=\"_ _1\"/>he Senior R<span class=\"_ _1\"/>CF of EU<span class=\"_ _1\"/>R 14<span class=\"_ _1\"/>0 million and ancillar<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y of EUR 6<span class=\"_ _1\"/>0 million<span class=\"_ _1\"/>, which are undr<span class=\"_ _1\"/>awn as of 31 De<span class=\"_ _1\"/>cember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>A vari<span class=\"_ _1\"/>et<span class=\"_ _1\"/>y of unsecured overdr<span class=\"_ _1\"/>aft f<span class=\"_ _1\"/>acilities in v<span class=\"_ _1\"/>arious curre<span class=\"_ _1\"/>ncies totalling aro<span class=\"_ _1\"/>und EUR 74 million of which E<span class=\"_ _1\"/>UR 2<span class=\"_ _1\"/>.1 million have bee<span class=\"_ _1\"/>n drawn at 31 D<span class=\"_ _1\"/>ecemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>22 (3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 5<span class=\"_ _1\"/>4 million w<span class=\"_ _1\"/>ith EUR 1<span class=\"_ _1\"/>.<span class=\"_ _1\"/>8 million draw<span class=\"_ _1\"/>n<span class=\"_ _7\"/>). T<span class=\"_ _1\"/>he amount of such f<span class=\"_ _1\"/>acilities, to t<span class=\"_ _1\"/>he ex<span class=\"_ _1\"/>tent not othe<span class=\"_ _1\"/>r<span class=\"_ _1\"/>wise permit<span class=\"_ _1\"/>ted un<span class=\"_ _1\"/>der the SFA<span class=\"_ _0\"/>, that the Gr<span class=\"_ _1\"/>oup may have outst<span class=\"_ _1\"/>anding is limited to EU<span class=\"_ _1\"/>R 15<span class=\"_ _1\"/>,<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _0\"/>0 in aggregate to<span class=\"_ _1\"/>gether w<span class=\"_ _1\"/>ith any other f<span class=\"_ _1\"/>inancial indebte<span class=\"_ _1\"/>dness of the Gr<span class=\"_ _1\"/>oup that is not other<span class=\"_ _1\"/>w<span class=\"_ _1\"/>ise permit<span class=\"_ _1\"/>ted und<span class=\"_ _1\"/>er the SFA<span class=\"_ _1\"/>.The f<span class=\"_ _1\"/>ollowing are th<span class=\"_ _1\"/>e contrac<span class=\"_ _1\"/>tual maturiti<span class=\"_ _1\"/>es of financial liabiliti<span class=\"_ _1\"/>es including interest payments:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _20e\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022</span>Ca<span class=\"_ _1\"/>rr<span class=\"_ _1\"/>yi<span class=\"_ _1\"/>ng Contractual 6 mo<span class=\"_ _1\"/>nths  Mo<span class=\"_ _1\"/>re tha<span class=\"_ _1\"/>n  amountcash flowsor less<span class=\"_ _ce\"> </span><span class=\"ls2 ws2\">7 \u2013 12 mo<span class=\"_ _1\"/>nth<span class=\"_ _1\"/>s<span class=\"_ _f3\"> </span>1 \u2013 2 ye<span class=\"_ _1\"/>ars<span class=\"_ _47\"> </span>3 \u2013 5 ye<span class=\"_ _1\"/>ars</span>5 year<span class=\"_ _1\"/>sSenior term loan<span class=\"_ _6\"/> EUR 20<span class=\"_ _1\"/>0 million<span class=\"_ _263\"> </span>200,234<span class=\"_ _fa\"> </span><span class=\"ls2 ws2\">22<span class=\"_ _1\"/>5,372<span class=\"_ _5d\"> </span>4,283<span class=\"_ _89\"> </span>4,213<span class=\"_ _5d\"> </span>8,426<span class=\"_ _2b\"> </span>208,45<span class=\"_ _1\"/>0</span>-Subo<span class=\"_ _1\"/>rdinated unsecur<span class=\"_ _1\"/>ed conver<span class=\"_ _1\"/>tib<span class=\"_ _1\"/>le bonds in E<span class=\"_ _1\"/>UR 1<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1ed\"> </span>40,348<span class=\"_ _65\"> </span>46,324<span class=\"_ _231\"> </span><span class=\"ls43 ws4b\">956<span class=\"_ _231\"> </span>956<span class=\"_ _6e\"> </span></span>44,412-<span class=\"_ _26d\"> </span>-Le<span class=\"_ _1\"/>ase liabiliti<span class=\"_ _1\"/>es<span class=\"_ _28c\"> </span><span class=\"ls2 ws2\">168,974<span class=\"_ _86\"> </span>232,2<span class=\"_ _1\"/>38<span class=\"_ _22\"> </span>22,521<span class=\"_ _21f\"> </span>55,903<span class=\"_ _22\"> </span>31,24<span class=\"_ _1\"/>5<span class=\"_ _6e\"> </span>43,2<span class=\"_ _1\"/>51<span class=\"_ _22\"> </span>79,318</span>Other loans and<span class=\"_ _6\"/> long-<span class=\"_ _6\"/>term borrowings <span class=\"_ _1e3\"> </span><span class=\"ls2 ws2\">4,886<span class=\"_ _61\"> </span>4,886</span>-3,801<span class=\"_ _87\"> </span>1,085-<span class=\"_ _26d\"> </span>-T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade and<span class=\"_ _6\"/> other payables<span class=\"_ _28d\"> </span><span class=\"ls2 ws2\">410,794<span class=\"_ _b3\"> </span>410,794<span class=\"_ _38\"> </span>410,7<span class=\"_ _1\"/>94</span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _e3\"> </span>-Bank ove<span class=\"_ _1\"/>rdraf<span class=\"_ _1\"/>t<span class=\"_ _28e\"> </span>2,059<span class=\"_ _5d\"> </span>2,0<span class=\"_ _1\"/>59<span class=\"_ _5d\"> </span>2,059-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _e3\"> </span>-Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _28f\"> </span>827<span class=\"_ _3\"/>,295<span class=\"_ _fa\"> </span><span class=\"ls2 ws2\">921,673<span class=\"_ _f9\"> </span>44<span class=\"_ _1\"/>0,613<span class=\"_ _b4\"> </span>64,873<span class=\"_ _84\"> </span>85,<span class=\"_ _6\"/>168<span class=\"_ _6f\"> </span>251,701<span class=\"_ _5f\"> </span>79,318</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _21d\"> </span><span class=\"ff7 fs3 ls1dc ws1e2\">2021</span>Ca<span class=\"_ _1\"/>rr<span class=\"_ _1\"/>yi<span class=\"_ _1\"/>ng Contractual 6 mo<span class=\"_ _1\"/>nths  Mo<span class=\"_ _1\"/>re tha<span class=\"_ _1\"/>n  amountcash flowsor less<span class=\"_ _ce\"> </span><span class=\"ls2 ws2\">7 \u2013 12 mo<span class=\"_ _1\"/>nth<span class=\"_ _1\"/>s<span class=\"_ _f3\"> </span>1 \u2013 2 ye<span class=\"_ _1\"/>ars<span class=\"_ _47\"> </span>3 \u2013 5 ye<span class=\"_ _1\"/>ars</span>5 year<span class=\"_ _1\"/>sSupe<span class=\"_ _1\"/>r senior re<span class=\"_ _1\"/>volving c<span class=\"_ _1\"/>redit f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y in EU<span class=\"_ _1\"/>R 25<span class=\"_ _1\"/>0 millio<span class=\"_ _1\"/>n<span class=\"_ _290\"> </span><span class=\"ff8 fc14\">12,521<span class=\"_ _22\"> </span>12,592<span class=\"_ _6e\"> </span>12,592</span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _26d\"> </span>-Super senior<span class=\"_ _6\"/> term loan EUR 20<span class=\"_ _1\"/>0 mil<span class=\"_ _6\"/>lion<span class=\"_ _150\"> </span><span class=\"ff8 fc14 ls2 ws2\">18<span class=\"_ _1\"/>6,217<span class=\"_ _c0\"> </span>214,419<span class=\"_ _92\"> </span>5,671<span class=\"_ _89\"> </span>6,212<span class=\"_ _39\"> </span>202,5<span class=\"_ _1\"/>36</span>-<span class=\"_ _26d\"> </span>-Subo<span class=\"_ _1\"/>rdinated unsecur<span class=\"_ _1\"/>ed conver<span class=\"_ _1\"/>tib<span class=\"_ _1\"/>le bonds in E<span class=\"_ _1\"/>UR 1<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _25d\"> </span><span class=\"ff8 fc14\">92,<span class=\"_ _7\"/>123<span class=\"_ _c0\"> </span>113,500<span class=\"_ _5d\"> </span>2,2<span class=\"_ _1\"/>50<span class=\"_ _65\"> </span>111,250</span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _e3\"> </span>-Le<span class=\"_ _1\"/>ase liabiliti<span class=\"_ _1\"/>es<span class=\"_ _291\"> </span><span class=\"ff8 fc14 ls2 ws2\">147<span class=\"_ _7\"/>,424<span class=\"_ _f9\"> </span>18<span class=\"_ _1\"/>6,226<span class=\"_ _84\"> </span><span class=\"ls43 ws4b\">16,045<span class=\"_ _a1\"> </span></span>14,5<span class=\"_ _1\"/>86<span class=\"_ _65\"> </span>25,929<span class=\"_ _9b\"> </span>66,328<span class=\"_ _65\"> </span>63,338</span>Other loans and<span class=\"_ _6\"/> long-<span class=\"_ _6\"/>term borrowings <span class=\"_ _1bc\"> </span><span class=\"ff8 fc14 ls2 ws2\">1,558<span class=\"_ _87\"> </span>1,5<span class=\"_ _1\"/>58<span class=\"_ _87\"> </span>1,55<span class=\"_ _1\"/>8</span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _26d\"> </span>-T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ade and<span class=\"_ _6\"/> other payables<span class=\"_ _292\"> </span><span class=\"ff8 fc14 ls2 ws2\">383,007<span class=\"_ _39\"> </span>383,007<span class=\"_ _39\"> </span>383,007</span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _26d\"> </span>-Bank ove<span class=\"_ _1\"/>rdraf<span class=\"_ _1\"/>t<span class=\"_ _293\"> </span><span class=\"ff8 fc14\">1,824<span class=\"_ _87\"> </span>1,824<span class=\"_ _70\"> </span>1,824</span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _26d\"> </span>-Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _28d\"> </span><span class=\"fc14\">824,674<span class=\"_ _c0\"> </span>913,<span class=\"_ _7\"/>126<span class=\"_ _39\"> </span>422,947<span class=\"_ _f9\"> </span>132,048<span class=\"_ _2b\"> </span>228,465<span class=\"_ _b4\"> </span>66,328<span class=\"_ _b4\"> </span>63,338</span>The interes<span class=\"_ _1\"/>t included in th<span class=\"_ _1\"/>e above tabl<span class=\"_ _1\"/>e is based on the cur<span class=\"_ _1\"/>rent amounts b<span class=\"_ _1\"/>orro<span class=\"_ _1\"/>wed with current interest r<span class=\"_ _1\"/>ates against the cur<span class=\"_ _1\"/>rent exchange r<span class=\"_ _1\"/>ate (if applicabl<span class=\"_ _1\"/>e<span class=\"_ _7\"/>). N<span class=\"_ _1\"/>o assumptions are include<span class=\"_ _1\"/>d for possible f<span class=\"_ _1\"/>uture changes in b<span class=\"_ _1\"/>orrowin<span class=\"_ _1\"/>gs, interest paym<span class=\"_ _1\"/>ents or th<span class=\"_ _1\"/>e one year term-e<span class=\"_ _1\"/>xten<span class=\"_ _1\"/>ding option on t<span class=\"_ _1\"/>he senior R<span class=\"_ _1\"/>CF and senio<span class=\"_ _1\"/>r term loan<span class=\"_ _1\"/>. It is not exp<span class=\"_ _1\"/>ecte<span class=\"_ _1\"/>d that the cash flo<span class=\"_ _1\"/>ws include<span class=\"_ _1\"/>d in the maturit<span class=\"_ _1\"/>y analysis could o<span class=\"_ _1\"/>ccur s<span class=\"_ _6\"/>ignifi<span class=\"_ _1\"/>cantly earlie<span class=\"_ _1\"/>r<span class=\"_ _7\"/>, o<span class=\"_ _1\"/>r at signif<span class=\"_ _1\"/>ica<span class=\"_ _1\"/>ntly dif<span class=\"_ _1\"/>fe<span class=\"_ _1\"/>rent am<span class=\"_ _1\"/>ount<span class=\"_ _1\"/>s.3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>.4 <span class=\"_ _26c\"> </span><span class=\"ff2 fs3 ls13 ws1fb\">Marke<span class=\"_ _6\"/>t ri<span class=\"_ _6\"/>sk</span>Market r<span class=\"_ _1\"/>isk includes changes in mar<span class=\"_ _1\"/>ket prices, such as fo<span class=\"_ _1\"/>reign exchange r<span class=\"_ _1\"/>ates, interest rates and e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y prices which will af<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t the G<span class=\"_ _1\"/>roup\u2019s income or the valu<span class=\"_ _1\"/>e of its hol<span class=\"_ _1\"/>dings of financial inst<span class=\"_ _1\"/>rument<span class=\"_ _1\"/>s. The o<span class=\"_ _1\"/>bjec<span class=\"_ _1\"/>tive of market risk manag<span class=\"_ _1\"/>ement is to manage and contro<span class=\"_ _1\"/>l market risk exp<span class=\"_ _1\"/>osures within acceptable p<span class=\"_ _1\"/>arameter<span class=\"_ _1\"/>s, while o<span class=\"_ _1\"/>ptimising the return<span class=\"_ _1\"/>.3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>.4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>1 <span class=\"_\"> </span>Curre<span class=\"_ _1\"/>nc<span class=\"_ _1\"/>y riskThe gl<span class=\"_ _1\"/>obal nature of the business of th<span class=\"_ _1\"/>e Group exp<span class=\"_ _1\"/>oses the op<span class=\"_ _1\"/>erati<span class=\"_ _1\"/>ons and repo<span class=\"_ _1\"/>rte<span class=\"_ _1\"/>d financial r<span class=\"_ _1\"/>esults and cash fl<span class=\"_ _1\"/>ows to the r<span class=\"_ _1\"/>isks arising from f<span class=\"_ _1\"/>luc<span class=\"_ _1\"/>tuations in exchange r<span class=\"_ _1\"/>ates. Currenc<span class=\"_ _1\"/>y r<span class=\"_ _1\"/>isk i<span class=\"_ _6\"/>s the risk that re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ted f<span class=\"_ _1\"/>inancial per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>mance, or the f<span class=\"_ _1\"/>air value or f<span class=\"_ _1\"/>uture cash fl<span class=\"_ _1\"/>ows of a financial inst<span class=\"_ _1\"/>rument<span class=\"_ _1\"/>, will fluc<span class=\"_ _1\"/>tuate be<span class=\"_ _1\"/>cause of changes in for<span class=\"_ _1\"/>eign exchange rates<span class=\"_ _1\"/>. Fugro op<span class=\"_ _1\"/>erates in many countries an<span class=\"_ _1\"/>d currencie<span class=\"_ _1\"/>s and therefo<span class=\"_ _1\"/>re currenc<span class=\"_ _1\"/>y flu<span class=\"_ _1\"/>ctuati<span class=\"_ _1\"/>ons may inevitabl<span class=\"_ _1\"/>y impact it<span class=\"_ _1\"/>s financia<span class=\"_ _1\"/>l results. Fug<span class=\"_ _1\"/>ro is expose<span class=\"_ _1\"/>d to currenc<span class=\"_ _1\"/>y risk in the following area<span class=\"_ _6\"/>s: <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>T<span class=\"_ _6\"/>ransac<span class=\"_ _1\"/>tion ex<span class=\"_ _1\"/>posures related to anti<span class=\"_ _1\"/>cipated sales an<span class=\"_ _1\"/>d purchases and on-balance-sheet receivables/<span class=\"_ _6\"/>payables re<span class=\"_ _6\"/>sul<span class=\"_ _6\"/>ting from s<span class=\"_ _7\"/>uch transactions. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>T<span class=\"_ _6\"/>ranslation ex<span class=\"_ _1\"/>posure resulting from t<span class=\"_ _1\"/>ranslation of it<span class=\"_ _1\"/>s oper<span class=\"_ _1\"/>ations in non-E<span class=\"_ _1\"/>uro currenci<span class=\"_ _1\"/>es to Euros. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>T<span class=\"_ _6\"/>ranslation ex<span class=\"_ _1\"/>posure to equit<span class=\"_ _1\"/>y interest<span class=\"_ _1\"/>s in non-funct<span class=\"_ _1\"/>ional-curre<span class=\"_ _1\"/>ncy invest<span class=\"_ _1\"/>ments in associates and f<span class=\"_ _1\"/>inancial assets at f<span class=\"_ _1\"/>air value.T<span class=\"_ _6\"/>o mitigate the imp<span class=\"_ _1\"/>act of curr<span class=\"_ _1\"/>enc<span class=\"_ _1\"/>y exchange r<span class=\"_ _1\"/>ate fluc<span class=\"_ _1\"/>tuations<span class=\"_ _1\"/>, the Gro<span class=\"_ _1\"/>up continually assesses the exp<span class=\"_ _1\"/>osure to currenc<span class=\"_ _1\"/>y risk<span class=\"_ _1\"/>s and if deeme<span class=\"_ _1\"/>d necessar<span class=\"_ _1\"/>y a p<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tion of those r<span class=\"_ _1\"/>isks is hed<span class=\"_ _1\"/>ged by using der<span class=\"_ _1\"/>ivative f<span class=\"_ _1\"/>inancial instrume<span class=\"_ _1\"/>nts. T<span class=\"_ _1\"/>he princip<span class=\"_ _1\"/>al deriv<span class=\"_ _1\"/>ative financia<span class=\"_ _1\"/>l instrumen<span class=\"_ _6\"/>ts used to c<span class=\"_ _7\"/>over foreign currency exposure<span class=\"_ _6\"/> are forward foreign currency exchange contr<span class=\"_ _1\"/>ac<span class=\"_ _1\"/>ts. A<span class=\"_ _1\"/>s of 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, there ar<span class=\"_ _1\"/>e no material for<span class=\"_ _1\"/>w<span class=\"_ _1\"/>ard foreign curren<span class=\"_ _1\"/>cy exchan<span class=\"_ _1\"/>ge contrac<span class=\"_ _1\"/>ts o<span class=\"_ _1\"/>utstan<span class=\"_ _1\"/>ding (<span class=\"_ _7\"/>consistent with p<span class=\"_ _1\"/>rior year). It is note<span class=\"_ _1\"/>d that the senior R<span class=\"_ _1\"/>CF and senio<span class=\"_ _1\"/>r term loan may also b<span class=\"_ _1\"/>e drawn in US do<span class=\"_ _1\"/>llar<span class=\"_ _7\"/>.For f<span class=\"_ _1\"/>oreign exchang<span class=\"_ _1\"/>e exposure ar<span class=\"_ _1\"/>isi<span class=\"_ _6\"/>ng fro<span class=\"_ _1\"/>m intercompany loans, wh<span class=\"_ _1\"/>ere the G<span class=\"_ _1\"/>roup enters into such arran<span class=\"_ _1\"/>gement<span class=\"_ _1\"/>s the financ<span class=\"_ _1\"/>ing is gener<span class=\"_ _1\"/>ally provid<span class=\"_ _1\"/>ed in the fun<span class=\"_ _1\"/>ctio<span class=\"_ _1\"/>nal currenc<span class=\"_ _1\"/>y of the subsidiar<span class=\"_ _1\"/>y. Interest on ex<span class=\"_ _1\"/>ternal b<span class=\"_ _1\"/>orrow<span class=\"_ _1\"/>ings is denominated in th<span class=\"_ _1\"/>e currenc<span class=\"_ _1\"/>y of the bor<span class=\"_ _1\"/>rowing. G<span class=\"_ _1\"/>ener<span class=\"_ _1\"/>ally, the Group\u2019s bo<span class=\"_ _1\"/>rrowings are d<span class=\"_ _1\"/>enominated in Euro<span class=\"_ _1\"/>, cons<span class=\"_ _6\"/>istent with the presenta<span class=\"_ _6\"/>tion currency of the grou<span class=\"_ _6\"/>p. Borrowing facilitie<span class=\"_ _6\"/>s in o<span class=\"_ _6\"/>ther currencies, inc<span class=\"_ _6\"/>luding<span class=\"_ _6\"/> the US d<span class=\"_ _1\"/>ollar<span class=\"_ _7\"/>, ar<span class=\"_ _1\"/>e also available to the G<span class=\"_ _1\"/>roup. In addit<span class=\"_ _1\"/>ion, le<span class=\"_ _1\"/>ase liabilities are gen<span class=\"_ _1\"/>erally denom<span class=\"_ _1\"/>inated in currenci<span class=\"_ _1\"/>es that match the cash f<span class=\"_ _1\"/>lows gen<span class=\"_ _1\"/>erated b<span class=\"_ _1\"/>y the under<span class=\"_ _1\"/>lying operations of the<span class=\"_ _6\"/> Group.App<span class=\"_ _1\"/>licable exchang<span class=\"_ _1\"/>e rates at 31 D<span class=\"_ _1\"/>ecember f<span class=\"_ _1\"/>or major non-Eur<span class=\"_ _1\"/>o currencies to t<span class=\"_ _1\"/>he Euro are shown a<span class=\"_ _6\"/>s follows: <span class=\"_ _63\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021<span class=\"_ _d0\"> </span></span>2<span class=\"_ _1\"/>022<span class=\"_ _38\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span> <span class=\"_ _294\"> </span><span class=\"ff2 fs36 ls1da ws1e0\">Closin<span class=\"_ _1\"/>g rates<span class=\"_ _295\"> </span><span class=\"ls2 ws2\">Wei<span class=\"_ _1\"/>ghte<span class=\"_ _1\"/>d aver<span class=\"_ _1\"/>age r<span class=\"_ _1\"/>ate<span class=\"_ _1\"/>s</span></span> <span class=\"_ _8c\"> </span><span class=\"ff2 fs36 ls218 ws228\">1<span class=\"_ _7\"/> EUR<span class=\"_ _17b\"> </span>1 EUR<span class=\"_ _f9\"> </span>1 EUR<span class=\"_ _f9\"> </span>1 EUR</span>AUD<span class=\"_ _e6\"> </span><span class=\"ls2 ws2\">1.5<span class=\"_ _1\"/>625<span class=\"_ _111\"> </span><span class=\"ff8 fc14\">1.5<span class=\"_ _1\"/>625<span class=\"_ _d0\"> </span></span>1.5152<span class=\"_ _a0\"> </span><span class=\"ff8 fc14\">1.5873</span></span>GBP<span class=\"_ _25b\"> </span><span class=\"ls2 ws2\">0.8850<span class=\"_ _f3\"> </span><span class=\"ff8 fc14\">0.8403<span class=\"_ _13d\"> </span></span>0.85<span class=\"_ _1\"/>47<span class=\"_ _36\"> </span><span class=\"ff8 fc14\">0.85<span class=\"_ _1\"/>47</span></span>HKD<span class=\"_ _203\"> </span><span class=\"ls2 ws2\">8.3056<span class=\"_ _120\"> </span><span class=\"ff8 fc14\">8.8183<span class=\"_ _13d\"> </span></span>8.2242<span class=\"_ _26d\"> </span><span class=\"ff8 fc14\">9.1792</span></span>NOK<span class=\"_ _1ed\"> </span><span class=\"ls2 ws2\">10.5263<span class=\"_ _10b\"> </span><span class=\"ff8 fc14\">10.00<span class=\"_ _1\"/>0<span class=\"_ _36\"> </span></span>10.1010<span class=\"_ _47\"> </span><span class=\"ff8 fc14\">10.2041</span></span>SGD<span class=\"_ _296\"> </span><span class=\"ls2 ws2\">1.4286<span class=\"_ _111\"> </span><span class=\"ff8 fc14\">1.5385<span class=\"_ _111\"> </span></span>1.4493<span class=\"_ _a0\"> </span><span class=\"ff8 fc14\">1.5873</span></span>USD <span class=\"_ _203\"> </span><span class=\"ls2 ws2\">1.0638<span class=\"_ _9f\"> </span><span class=\"ff8 fc14\">1.1364<span class=\"_ _111\"> </span></span>1.0526<span class=\"_ _39\"> </span><span class=\"ff8 fc14\">1.<span class=\"_ _7\"/>1765</span></span>Sensitivi<span class=\"_ _1\"/>ty analysisA 1<span class=\"_ _1\"/>0 percent stre<span class=\"_ _1\"/>ngthening of t<span class=\"_ _1\"/>he Euro against the me<span class=\"_ _1\"/>ntione<span class=\"_ _1\"/>d currencies at 3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er would have incre<span class=\"_ _1\"/>ased (<span class=\"_ _6\"/>decr<span class=\"_ _1\"/>eased<span class=\"_ _1\"/>) total year-end e<span class=\"_ _1\"/>quity an<span class=\"_ _1\"/>d profit or l<span class=\"_ _1\"/>oss for the year by the amo<span class=\"_ _1\"/>unts shown b<span class=\"_ _1\"/>elow. This analysis of major no<span class=\"_ _1\"/>n-Euro curren<span class=\"_ _1\"/>cies is based on fo<span class=\"_ _1\"/>reign curren<span class=\"_ _1\"/>cy exchan<span class=\"_ _1\"/>ge rate v<span class=\"_ _1\"/>ariances that the G<span class=\"_ _1\"/>roup considered to b<span class=\"_ _1\"/>e reasonably p<span class=\"_ _1\"/>ossible at the re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ting date. T<span class=\"_ _1\"/>his analysis ass<span class=\"_ _6\"/>umes that all othe<span class=\"_ _1\"/>r variabl<span class=\"_ _1\"/>es, in par<span class=\"_ _1\"/>ticular interest rates<span class=\"_ _1\"/>, remain constant and igno<span class=\"_ _1\"/>res any impac<span class=\"_ _1\"/>t of forecaste<span class=\"_ _1\"/>d sales and purchases<span class=\"_ _1\"/>.Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t in EU<span class=\"_ _1\"/>R x 1,<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _fe\"> </span><span class=\"ff2 fs36\">3<span class=\"_ _1\"/>1 Dec<span class=\"_ _1\"/>emb<span class=\"_ _1\"/>er 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _297\"> </span>31 D<span class=\"_ _1\"/>ece<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r 20<span class=\"_ _1\"/>21</span>T<span class=\"_ _6\"/>otal Pro<span class=\"_ _1\"/>fi<span class=\"_ _1\"/>t or (<span class=\"_ _1\"/>loss) T<span class=\"_ _6\"/>otal <span class=\"ls2 ws2\"> </span>Pro<span class=\"_ _1\"/>fi<span class=\"_ _1\"/>t or (<span class=\"_ _1\"/>loss) eq<span class=\"_ _1\"/>uit<span class=\"_ _1\"/>y at af<span class=\"_ _1\"/>ter t<span class=\"_ _1\"/>ax fo<span class=\"_ _1\"/>r eq<span class=\"_ _1\"/>uit<span class=\"_ _1\"/>y at af<span class=\"_ _1\"/>ter t<span class=\"_ _1\"/>ax fo<span class=\"_ _1\"/>r ye<span class=\"_ _1\"/>a<span class=\"_ _1\"/>r-<span class=\"_ _1\"/>e<span class=\"_ _1\"/>ndthe y<span class=\"_ _1\"/>earye<span class=\"_ _1\"/>a<span class=\"_ _1\"/>r-<span class=\"_ _1\"/>e<span class=\"_ _1\"/>ndthe y<span class=\"_ _1\"/>earAUD<span class=\"_ _1b3\"> </span>(3,576)<span class=\"_ _d2\"> </span>150<span class=\"_ _6e\"> </span><span class=\"ff8 fc14\">(3,695)<span class=\"_ _5d\"> </span>1,140</span>GBP<span class=\"_ _1ef\"> </span>(14,592)<span class=\"_ _d1\"> </span>585<span class=\"_ _84\"> </span><span class=\"ff8 fc14\">(16,17<span class=\"_ _7\"/>6)<span class=\"_ _7c\"> </span>(829)</span>HKD<span class=\"_ _270\"> </span>(13,792)<span class=\"_ _6b\"> </span>(861)<span class=\"_ _b3\"> </span><span class=\"ff8 fc14\">(11,622)<span class=\"_ _70\"> </span>(470)</span>NOK<span class=\"_ _298\"> </span>(4,012)<span class=\"_ _a1\"> </span>(1,433)<span class=\"_ _37\"> </span><span class=\"ff8 fc14\">(3,909)<span class=\"_ _73\"> </span>(968)</span>SGD<span class=\"_ _298\"> </span>(3,554)<span class=\"_ _87\"> </span>(470)<span class=\"_ _65\"> </span><span class=\"ff8 fc14\">(2,851)<span class=\"_ _87\"> </span><span class=\"ls43 ws4b\">(457)</span></span>USD<span class=\"_ _109\"> </span>(2,870)<span class=\"_ _84\"> </span>3,0<span class=\"_ _1\"/>09<span class=\"_ _5f\"> </span><span class=\"ff8 fc14\">(3,65<span class=\"_ _1\"/>6)<span class=\"_ _21\"> </span>1,695</span>The f<span class=\"_ _1\"/>ollowing tab<span class=\"_ _1\"/>le outlines th<span class=\"_ _1\"/>e estimated nominal v<span class=\"_ _1\"/>alue exposure ar<span class=\"_ _1\"/>ising from tra<span class=\"_ _1\"/>nsla<span class=\"_ _6\"/>ting on-ba<span class=\"_ _6\"/>lance-<span class=\"_ _7\"/>sheet receivables/pa<span class=\"_ _6\"/>yables from ma<span class=\"_ _6\"/>jor non-Eur<span class=\"_ _6\"/>o denomina<span class=\"_ _7\"/>te<span class=\"_ _1\"/>d functional currencies t<span class=\"_ _6\"/>o the Group\u2019<span class=\"_ _7\"/>s presentation c<span class=\"_ _6\"/>urrency Euro:2022Tr<span class=\"_ _1\"/>ad<span class=\"_ _1\"/>e Unbilled Tr<span class=\"_ _1\"/>ad<span class=\"_ _1\"/>e <span class=\"ls2 ws2\"> </span>WIPProject E<span class=\"_ _1\"/>xposur<span class=\"_ _1\"/>e in EU<span class=\"_ _1\"/>R thous<span class=\"_ _1\"/>andsreceivablesrevenuespayablesAdvancesaccr<span class=\"_ _1\"/>ualsAUD<span class=\"_ _53\"> </span>10,5<span class=\"_ _1\"/>06<span class=\"_ _120\"> </span>26,422<span class=\"_ _39\"> </span>8,<span class=\"_ _7\"/>453<span class=\"_ _38\"> </span><span class=\"ls2 ws2\">3,518<span class=\"_ _26d\"> </span>12,970</span>GBP<span class=\"_ _123\"> </span><span class=\"ls2 ws2\">65,380<span class=\"_ _13d\"> </span>33,459<span class=\"_ _13\"> </span>2<span class=\"_ _1\"/>0,099<span class=\"_ _a0\"> </span>15,330<span class=\"_ _26d\"> </span>14,457</span>HKD<span class=\"_ _7f\"> </span><span class=\"ls2 ws2\">10,473<span class=\"_ _17b\"> </span><span class=\"ls1fd ws20a\">7,<span class=\"_ _0\"/>4<span class=\"_ _0\"/>6<span class=\"_ _0\"/>6<span class=\"_ _17b\"> </span></span>3,678<span class=\"_ _39\"> </span>6,228<span class=\"_ _17b\"> </span>1,99<span class=\"_ _1\"/>0</span>NOK<span class=\"_ _7f\"> </span><span class=\"ls2 ws2\">11,603<span class=\"_ _86\"> </span>4,7<span class=\"_ _1\"/>34<span class=\"_ _17b\"> </span><span class=\"ls43 ws4b\">3,277<span class=\"_ _2b\"> </span></span>4,983<span class=\"_ _6f\"> </span>1,541</span>SGD<span class=\"_ _299\"> </span><span class=\"ls2 ws2\">3,840<span class=\"_ _22\"> </span>628<span class=\"_ _20\"> </span>75<span class=\"_ _1\"/>7<span class=\"_ _17b\"> </span>1,9<span class=\"_ _1\"/>50<span class=\"_ _17b\"> </span>1,086</span>USD<span class=\"_ _29a\"> </span><span class=\"ls2 ws2\">74,361<span class=\"_ _9f\"> </span>78,7<span class=\"_ _1\"/>17<span class=\"_ _e5\"> </span>26,477<span class=\"_ _d0\"> </span>15,195<span class=\"_ _36\"> </span>49,330</span>176,<span class=\"_ _7\"/>1<span class=\"_ _1\"/>63<span class=\"_ _e4\"> </span>151,426<span class=\"_ _a0\"> </span>62,7<span class=\"_ _6\"/>41<span class=\"_ _10b\"> </span><span class=\"ls43 ws4b\">47<span class=\"_ _7\"/>,204<span class=\"_ _111\"> </span><span class=\"ls2 ws2\">81,37<span class=\"_ _7\"/>4</span></span>Sensitiv<span class=\"_ _6\"/>ity+1<span class=\"_ _1\"/>0%<span class=\"_ _53\"> </span><span class=\"ls2 ws2\">16,015<span class=\"_ _26d\"> </span>13,766<span class=\"_ _f9\"> </span>5,704<span class=\"_ _fa\"> </span>4,<span class=\"_ _1\"/>291<span class=\"_ _17b\"> </span>7<span class=\"_ _7\"/>,398</span>+1<span class=\"_ _1\"/>5%<span class=\"_ _112\"> </span><span class=\"ls2 ws2\">22,978<span class=\"_ _2b\"> </span>19,751<span class=\"_ _fa\"> </span>8,184<span class=\"_ _f2\"> </span>6,157<span class=\"_ _9f\"> </span>10,614</span>2021Tr<span class=\"_ _1\"/>ad<span class=\"_ _1\"/>e Unbilled Tr<span class=\"_ _1\"/>ad<span class=\"_ _1\"/>e <span class=\"ls2 ws2\"> </span>WIPProject E<span class=\"_ _1\"/>xposur<span class=\"_ _1\"/>e in EU<span class=\"_ _1\"/>R thous<span class=\"_ _1\"/>andsreceivablesrevenuespayablesAdvancesaccr<span class=\"_ _1\"/>ualsAUD<span class=\"_ _1cd\"> </span><span class=\"ff8 fs6 fc14 ls2 ws2\">7<span class=\"_ _7\"/>,893<span class=\"_ _26d\"> </span>28,177<span class=\"_ _c0\"> </span>7<span class=\"_ _7\"/>,5<span class=\"_ _1\"/>51<span class=\"_ _2b\"> </span>2,26<span class=\"_ _1\"/>6<span class=\"_ _120\"> </span>13,908</span>GBP<span class=\"_ _1f5\"> </span><span class=\"ff8 fs6 fc14 ls2 ws2\">41,269<span class=\"_ _13d\"> </span>25,0<span class=\"_ _1\"/>47<span class=\"_ _111\"> </span>15,520<span class=\"_ _f9\"> </span>7<span class=\"_ _7\"/>,988<span class=\"_ _120\"> </span>19,046</span>HKD<span class=\"_ _1f5\"> </span><span class=\"ff8 fs6 fc14 ls2 ws2\">10,574<span class=\"_ _d0\"> </span>6,029<span class=\"_ _37\"> </span>3,7<span class=\"_ _1\"/>17<span class=\"_ _d0\"> </span>4,449<span class=\"_ _f9\"> </span>3,637</span>NOK<span class=\"_ _299\"> </span><span class=\"ff8 fs6 fc14 ls2 ws2\">9,<span class=\"_ _6\"/>134<span class=\"_ _39\"> </span>2,878<span class=\"_ _fa\"> </span>4,319<span class=\"_ _d0\"> </span>4,896<span class=\"_ _fa\"> </span>1,262</span>SGD<span class=\"_ _29a\"> </span><span class=\"ff8 fs6 fc14 ls2 ws2\">3,309<span class=\"_ _20\"> </span>621<span class=\"_ _c0\"> </span>1,401<span class=\"_ _86\"> </span>1,80<span class=\"_ _1\"/>6<span class=\"_ _fa\"> </span>1,52<span class=\"_ _1\"/>3</span>USD<span class=\"_ _112\"> </span><span class=\"ff8 fs6 fc14 ls2 ws2\">66,323<span class=\"_ _36\"> </span>56,65<span class=\"_ _1\"/>0<span class=\"_ _13d\"> </span><span class=\"ls43 ws4b\">32,273<span class=\"_ _b3\"> </span></span>9,217<span class=\"_ _e5\"> </span>47<span class=\"_ _7\"/>,392</span>138,502<span class=\"_ _47\"> </span>119,402<span class=\"_ _e5\"> </span>6<span class=\"_ _1\"/>4,781<span class=\"_ _13\"> </span>30,622<span class=\"_ _36\"> </span><span class=\"ls87 ws3b\">8<span class=\"_ _1\"/>6,769</span>Sensitiv<span class=\"_ _6\"/>ity+1<span class=\"_ _1\"/>0%<span class=\"_ _123\"> </span><span class=\"ff8 fs6 fc14 ls2 ws2\">12,591<span class=\"_ _e5\"> </span>10,85<span class=\"_ _1\"/>5<span class=\"_ _d0\"> </span>5,889<span class=\"_ _39\"> </span>2,784<span class=\"_ _86\"> </span>7<span class=\"_ _7\"/>,888</span>+1<span class=\"_ _1\"/>5%<span class=\"_ _12d\"> </span><span class=\"ff8 fc14 ls2 ws2\">18,065<span class=\"_ _e3\"> </span>15,5<span class=\"_ _1\"/>7<span class=\"_ _6\"/>4<span class=\"_ _d0\"> </span><span class=\"ls1e1 ws1e7\">8,4<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0<span class=\"_ _d0\"> </span></span>3,9<span class=\"_ _1\"/>94<span class=\"_ _2b\"> </span>11,318</span>3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>.4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 <span class=\"_\"> </span>I<span class=\"_ _1\"/>ntere<span class=\"_ _1\"/>st ra<span class=\"_ _1\"/>te riskThe G<span class=\"_ _1\"/>roup\u2019s liabilities bear b<span class=\"_ _1\"/>oth fi<span class=\"_ _1\"/>xed and var<span class=\"_ _1\"/>iable interest<span class=\"_ _1\"/>s. Th<span class=\"_ _1\"/>e Group\u2019s objec<span class=\"_ _1\"/>tive is to limit the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of interest rate chan<span class=\"_ _1\"/>ges on the result<span class=\"_ _1\"/>s by matching long ter<span class=\"_ _1\"/>m investment with lo<span class=\"_ _1\"/>ng term (f<span class=\"_ _1\"/>ixed or v<span class=\"_ _1\"/>ariable interest<span class=\"_ _1\"/>) financing as much as p<span class=\"_ _1\"/>ossible.ProfileAt the r<span class=\"_ _1\"/>epor<span class=\"_ _1\"/>ting date th<span class=\"_ _1\"/>e interest rate prof<span class=\"_ _1\"/>ile of the G<span class=\"_ _1\"/>roup\u2019s in<span class=\"_ _6\"/>terest-bearing f<span class=\"_ _1\"/>inancial inst<span class=\"_ _1\"/>rume<span class=\"_ _1\"/>nts<span class=\"_ _1\"/> was:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _237\"> </span><span class=\"ff2 fs36 ls1f8 ws204\">Carr<span class=\"_ _1\"/>ying amount</span>2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span>Fixed rate instrumentsFinanci<span class=\"_ _1\"/>al assets<span class=\"_ _29b\"> </span><span class=\"ls2 ws2\">4,500<span class=\"_ _61\"> </span><span class=\"ff8 fc14\">4,5<span class=\"_ _1\"/>00</span></span>Financi<span class=\"_ _1\"/>al liabiliti<span class=\"_ _1\"/>es<span class=\"_ _29c\"> </span><span class=\"ls2 ws2\">(214,233)<span class=\"_ _10b\"> </span><span class=\"ff8 fc14\">(241,096)</span></span>Varia<span class=\"_ _1\"/>ble r<span class=\"_ _1\"/>ate in<span class=\"_ _1\"/>str<span class=\"_ _1\"/>ume<span class=\"_ _1\"/>ntsFinanci<span class=\"_ _1\"/>al assets<span class=\"_ _64\"> </span><span class=\"ls43 ws4b\">209,090<span class=\"_ _86\"> </span><span class=\"ff8 fc14 ls2 ws2\">14<span class=\"_ _1\"/>8,956</span></span>Financi<span class=\"_ _1\"/>al liabiliti<span class=\"_ _1\"/>es<span class=\"_ _8c\"> </span><span class=\"ls2 ws2\">(202,292)<span class=\"_ _f3\"> </span><span class=\"ff8 fc14\">(200,5<span class=\"_ _1\"/>65)</span></span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _29d\"> </span>(202,935)<span class=\"_ _17a\"> </span><span class=\"fc14\">(288,<span class=\"_ _1\"/>205)</span>Fair v<span class=\"_ _1\"/>alue se<span class=\"_ _1\"/>nsit<span class=\"_ _1\"/>ivit<span class=\"_ _1\"/>y an<span class=\"_ _1\"/>alysis f<span class=\"_ _1\"/>or f<span class=\"_ _1\"/>ixed r<span class=\"_ _1\"/>ate ins<span class=\"_ _1\"/>tru<span class=\"_ _1\"/>ment<span class=\"_ _1\"/>sThe G<span class=\"_ _1\"/>roup does n<span class=\"_ _1\"/>ot account for any fixe<span class=\"_ _1\"/>d rate financ<span class=\"_ _1\"/>ial assets and liabilities at f<span class=\"_ _1\"/>air value through p<span class=\"_ _1\"/>rofit or loss<span class=\"_ _1\"/>, and the G<span class=\"_ _1\"/>roup does no<span class=\"_ _1\"/>t designate deriv<span class=\"_ _1\"/>atives (interest r<span class=\"_ _1\"/>ate swaps) as hedging inst<span class=\"_ _1\"/>ruments un<span class=\"_ _1\"/>der a fair v<span class=\"_ _1\"/>alue hedg<span class=\"_ _1\"/>e accounting model<span class=\"_ _1\"/>. Theref<span class=\"_ _1\"/>ore, a chang<span class=\"_ _1\"/>e in interest rates at th<span class=\"_ _1\"/>e repor<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ing date would not af<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t profit or l<span class=\"_ _1\"/>oss.Cash f<span class=\"_ _1\"/>lo<span class=\"_ _1\"/>w sensi<span class=\"_ _1\"/>tivi<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y analy<span class=\"_ _1\"/>sis for v<span class=\"_ _1\"/>ari<span class=\"_ _1\"/>able r<span class=\"_ _1\"/>ate ins<span class=\"_ _1\"/>tru<span class=\"_ _1\"/>ment<span class=\"_ _1\"/>sA change of 1<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 basis point<span class=\"_ _1\"/>s in interest rates at the r<span class=\"_ _1\"/>epor<span class=\"_ _1\"/>ting date wo<span class=\"_ _1\"/>uld have increased (<span class=\"_ _6\"/>decr<span class=\"_ _1\"/>eased<span class=\"_ _1\"/>) equit<span class=\"_ _1\"/>y and prof<span class=\"_ _1\"/>it or loss by the amo<span class=\"_ _1\"/>unts shown b<span class=\"_ _1\"/>elow. This analy<span class=\"_ _1\"/>sis a<span class=\"_ _6\"/>ssumes that all other v<span class=\"_ _1\"/>ariables<span class=\"_ _1\"/>, in par<span class=\"_ _1\"/>ticular for<span class=\"_ _1\"/>eign currenc<span class=\"_ _1\"/>y r<span class=\"_ _1\"/>ates, remain constant<span class=\"_ _1\"/>. At 31 D<span class=\"_ _1\"/>ecembe<span class=\"_ _1\"/>r 20<span class=\"_ _1\"/>22<span class=\"_ _1\"/>, it is estimated t<span class=\"_ _1\"/>hat a gener<span class=\"_ _1\"/>al increase (decrease) of 10<span class=\"_ _1\"/>0 basis po<span class=\"_ _1\"/>ints in interest rates w<span class=\"_ _1\"/>ould decre<span class=\"_ _1\"/>ase (increase) the Group\u2019s prof<span class=\"_ _1\"/>it before in<span class=\"_ _1\"/>come tax by appr<span class=\"_ _1\"/>oximatel<span class=\"_ _1\"/>y:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _29e\"> </span><span class=\"ff2 fs36\">Eq<span class=\"_ _1\"/>uit<span class=\"_ _1\"/>y an<span class=\"_ _1\"/>d prof<span class=\"_ _1\"/>it o<span class=\"_ _1\"/>r los<span class=\"_ _1\"/>s</span>1<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 bp 1<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 bp increasedecrease31 D<span class=\"_ _1\"/>ecem<span class=\"_ _1\"/>ber 2<span class=\"_ _1\"/>0<span class=\"_ _1\"/>22Variabl<span class=\"_ _1\"/>e rate instr<span class=\"_ _1\"/>uments<span class=\"_ _20a\"> </span><span class=\"ls43 ws4b\">68<span class=\"_ _286\"> </span></span>(68)Cash flow sens<span class=\"_ _7\"/>itivit<span class=\"_ _1\"/>y (ne<span class=\"_ _6\"/>t)<span class=\"_ _29f\"> </span><span class=\"ls43 ws4b\">68<span class=\"_ _7a\"> </span><span class=\"ls2 ws2\">(6<span class=\"_ _1\"/>8)</span></span>31 D<span class=\"_ _1\"/>ecem<span class=\"_ _1\"/>ber 2<span class=\"_ _1\"/>0<span class=\"_ _1\"/>21Variabl<span class=\"_ _1\"/>e rate instr<span class=\"_ _1\"/>uments<span class=\"_ _2a0\"> </span><span class=\"ff8 fc14\">(516)<span class=\"_ _d2\"> </span>516</span>Cash flow sens<span class=\"_ _7\"/>itivit<span class=\"_ _1\"/>y (ne<span class=\"_ _6\"/>t)<span class=\"_ _285\"> </span><span class=\"ff8 fc14 ls2 ws2\">(516)<span class=\"_ _d2\"> </span>516</span>3<span class=\"_ _1\"/>4<span class=\"_ _1\"/>.5 <span class=\"_ _5b\"> </span><span class=\"ff2 fs3 lsfd ws109\">Capital management</span>The B<span class=\"_ _1\"/>oard of Manag<span class=\"_ _1\"/>ement<span class=\"_ _1\"/>\u2019s polic<span class=\"_ _1\"/>y is to maintain a strong c<span class=\"_ _1\"/>apital base in orde<span class=\"_ _1\"/>r to retain investor, creditor and market conf<span class=\"_ _1\"/>idence and to sustain fu<span class=\"_ _1\"/>ture develop<span class=\"_ _1\"/>ment of the business. C<span class=\"_ _1\"/>apital consists of share capi<span class=\"_ _1\"/>tal, ret<span class=\"_ _1\"/>ained earnings an<span class=\"_ _1\"/>d non-controlling interest<span class=\"_ _1\"/>s of the Gr<span class=\"_ _1\"/>oup. Impo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ant key per<span class=\"_ _1\"/>forman<span class=\"_ _1\"/>ce indicators fo<span class=\"_ _1\"/>r the Boar<span class=\"_ _1\"/>d of Manageme<span class=\"_ _1\"/>nt are fre<span class=\"_ _1\"/>e cash flow, th<span class=\"_ _1\"/>e return on ca<span class=\"_ _1\"/>pital as well as the l<span class=\"_ _1\"/>evel of dividen<span class=\"_ _1\"/>ds. The B<span class=\"_ _1\"/>oard str<span class=\"_ _1\"/>ives for a divide<span class=\"_ _1\"/>nd pay-out r<span class=\"_ _1\"/>atio of 35 to 5<span class=\"_ _1\"/>5% of ne<span class=\"_ _1\"/>t result. Subseque<span class=\"_ _1\"/>nt to the refinanc<span class=\"_ _1\"/>ing in 202<span class=\"_ _1\"/>0 dividend paymen<span class=\"_ _6\"/>ts are restricted. Over 20<span class=\"_ _1\"/>22 no dividends wi<span class=\"_ _6\"/>ll be paid.<span class=\"_ _6\"/> Dividends may on<span class=\"_ _6\"/>ly be paid if n<span class=\"_ _1\"/>et lever<span class=\"_ _1\"/>age is struc<span class=\"_ _1\"/>tually e<span class=\"_ _1\"/>qual to or less than 2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 times and a max<span class=\"_ _1\"/>imum of 60<span class=\"_ _1\"/>% of net prof<span class=\"_ _1\"/>it (<span class=\"_ _6\"/>refer to 3<span class=\"_ _1\"/>0<span class=\"_ _1\"/>.6 f<span class=\"_ _1\"/>or the covenant require<span class=\"_ _1\"/>ments). T<span class=\"_ _7\"/>ar<span class=\"_ _1\"/>geted sol<span class=\"_ _1\"/>venc<span class=\"_ _1\"/>y is set at, at least 3<span class=\"_ _1\"/>3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>3%<span class=\"_ _1\"/>. The targ<span class=\"_ _1\"/>eted sol<span class=\"_ _1\"/>venc<span class=\"_ _1\"/>y includes the imp<span class=\"_ _1\"/>act of IF<span class=\"_ _1\"/>RS 1<span class=\"_ _1\"/>6. T<span class=\"_ _1\"/>he solve<span class=\"_ _1\"/>ncy at t<span class=\"_ _1\"/>he end of 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 was 51<span class=\"_ _1\"/>.0<span class=\"_ _1\"/>% (20<span class=\"_ _1\"/>21: 4<span class=\"_ _1\"/>6<span class=\"_ _1\"/>.<span class=\"_ _1\"/>3%). Th<span class=\"_ _1\"/>e Group\u2019s objec<span class=\"_ _1\"/>tive is to achieve a h<span class=\"_ _1\"/>ealthy return o<span class=\"_ _1\"/>n shareholder<span class=\"_ _1\"/>s\u2019 equit<span class=\"_ _1\"/>y. As a result<span class=\"_ _1\"/>, the retur<span class=\"_ _1\"/>n, calculated as profit (<span class=\"_ _1\"/>loss) for the pe<span class=\"_ _1\"/>riod at<span class=\"_ _1\"/>tribu<span class=\"_ _1\"/>table to own<span class=\"_ _1\"/>ers of the comp<span class=\"_ _1\"/>any<span class=\"_ _6\"/>, divide<span class=\"_ _1\"/>d by the total equit<span class=\"_ _1\"/>y at<span class=\"_ _1\"/>tributa<span class=\"_ _1\"/>ble to owner<span class=\"_ _1\"/>s of the company fo<span class=\"_ _1\"/>r the year, i<span class=\"_ _6\"/>s 7<span class=\"_ _7\"/>.<span class=\"_ _1\"/>0<span class=\"_ _1\"/>3% (p<span class=\"_ _1\"/>ositive) in 202<span class=\"_ _1\"/>2 (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: 8<span class=\"_ _1\"/>.4% positi<span class=\"_ _1\"/>ve<span class=\"_ _6\"/>). From time<span class=\"_ _1\"/>-to-time Fugro purchases it<span class=\"_ _1\"/>s own shares. T<span class=\"_ _1\"/>hese shares are used to cover t<span class=\"_ _1\"/>he long-term incenti<span class=\"_ _1\"/>ves granted by F<span class=\"_ _1\"/>ugro. Purchase and s<span class=\"_ _1\"/>ale decisions are ma<span class=\"_ _1\"/>de on a spec<span class=\"_ _1\"/>ific tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>on basis by the Boar<span class=\"_ _1\"/>d of Manageme<span class=\"_ _1\"/>nt. Fugro do<span class=\"_ _1\"/>es not have a def<span class=\"_ _1\"/>ined share buy-back plan<span class=\"_ _1\"/>.The<span class=\"_ _1\"/>re were no chang<span class=\"_ _1\"/>es to the Gro<span class=\"_ _1\"/>up\u2019<span class=\"_ _6\"/>s approa<span class=\"_ _1\"/>ch to capital manag<span class=\"_ _1\"/>ement during t<span class=\"_ _1\"/>he year<span class=\"_ _6\"/>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-125-3": {
   "value": "23.  OTHER INVESTMENTSEquity securities, long-term loans, deposits and other long-term assets are financial assets. The Group does not have material derivative financial assets. The aforementioned financial assets are classified at initial recognition, and subsequently measured at amortised cost or fair value through profit and loss. The classification at initial recognition depends on the financial asset\u2019s contractual cash flow characteristics and the Group\u2019s business model for managing them. The Group measures financial assets at amortised cost if both of the following conditions are met: \u25a0The financial asset is held within a business model with the objective to hold financialassets in order to collect contractual cash flows \u25a0The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Subsequent measurement is at amortised cost using the effective interest method and is subject to impairment. Gains and losses are recognised in profit or loss when the asset is derecognised, modified or impaired. Financial assets at fair value through profit or loss are carried in the statement of financial position at fair value with net changes in fair value recognised in the statement of comprehensive income. Dividends on equity investments are also recognised as net finance income in the statement of comprehensive income when the right of payment has been established. The Group derecognises a financial asset when the rights to receive cash flows from the asset have expired or have been transferred and the group has transferred substantially all the risks and rewards of ownership.The Group recognises an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss. Refer to note 34.2 Credit risk for details on how the Group applies ECL model.(EUR x 1,000) Measurement Category 2022 2021Equity securities Fair value through profit and loss 1,096 1,096Long-term loans  Amortised cost 4,500 4,500Deposits Amortised cost 3,238 32,086Net defined benefit asset Present value 21,333 22,796Other long-term assets Nominal value 5,083 2,617Balance at 31 December 35,250 63,095Equity securities are investments in third party entities in whose activities the Group holds a non-controlling interest and has no control, joint control or significant influence. The Group received no dividends from its equity securities in 2022 (2021: nil).Long-term loans mainly comprise a loan due from Wavewalker B.V. for the carrying amount of EUR 4.5 million (31 December 2021: EUR 4.5 million). The loan has to be fully repaid before 30 April 2027.The net defined benefit asset comprises of a surplus on a UK pension plan as per 31 December 2022 (refer to note 31 Employee Benefits).Deposits pertained to the lease of two geotechnical vessels. Fugro exercised its purchase options on 28 February 2022. The purchase price will be net of the deposits, which are consequently now included as part of the carrying amount of the right of use asset.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-125-4": {
   "value": "23.  OTHER INVESTMENTSEquity securities, long-term loans, deposits and other long-term assets are financial assets. The Group does not have material derivative financial assets. The aforementioned financial assets are classified at initial recognition, and subsequently measured at amortised cost or fair value through profit and loss. The classification at initial recognition depends on the financial asset\u2019s contractual cash flow characteristics and the Group\u2019s business model for managing them. The Group measures financial assets at amortised cost if both of the following conditions are met: \u25a0The financial asset is held within a business model with the objective to hold financialassets in order to collect contractual cash flows \u25a0The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Subsequent measurement is at amortised cost using the effective interest method and is subject to impairment. Gains and losses are recognised in profit or loss when the asset is derecognised, modified or impaired. Financial assets at fair value through profit or loss are carried in the statement of financial position at fair value with net changes in fair value recognised in the statement of comprehensive income. Dividends on equity investments are also recognised as net finance income in the statement of comprehensive income when the right of payment has been established. The Group derecognises a financial asset when the rights to receive cash flows from the asset have expired or have been transferred and the group has transferred substantially all the risks and rewards of ownership.The Group recognises an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss. Refer to note 34.2 Credit risk for details on how the Group applies ECL model.(EUR x 1,000) Measurement Category 2022 2021Equity securities Fair value through profit and loss 1,096 1,096Long-term loans  Amortised cost 4,500 4,500Deposits Amortised cost 3,238 32,086Net defined benefit asset Present value 21,333 22,796Other long-term assets Nominal value 5,083 2,617Balance at 31 December 35,250 63,095Equity securities are investments in third party entities in whose activities the Group holds a non-controlling interest and has no control, joint control or significant influence. The Group received no dividends from its equity securities in 2022 (2021: nil).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-125-6": {
   "value": "23.  OTHER INVESTMENTSEquity securities, long-term loans, deposits and other long-term assets are financial assets. The Group does not have material derivative financial assets. The aforementioned financial assets are classified at initial recognition, and subsequently measured at amortised cost or fair value through profit and loss. The classification at initial recognition depends on the financial asset\u2019s contractual cash flow characteristics and the Group\u2019s business model for managing them. The Group measures financial assets at amortised cost if both of the following conditions are met: \u25a0The financial asset is held within a business model with the objective to hold financialassets in order to collect contractual cash flows \u25a0The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Subsequent measurement is at amortised cost using the effective interest method and is subject to impairment. Gains and losses are recognised in profit or loss when the asset is derecognised, modified or impaired. Financial assets at fair value through profit or loss are carried in the statement of financial position at fair value with net changes in fair value recognised in the statement of comprehensive income. Dividends on equity investments are also recognised as net finance income in the statement of comprehensive income when the right of payment has been established. The Group derecognises a financial asset when the rights to receive cash flows from the asset have expired or have been transferred and the group has transferred substantially all the risks and rewards of ownership.The Group recognises an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss. Refer to note 34.2 Credit risk for details on how the Group applies ECL model.25.  TRADE AND OTHER RECEIVABLESTrade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient when it is expected, at contract inception, that the period between when the Group transfers the promised goods or services and when the customers pays for this good or service is one year or less, are measured at the transaction price determined under IFRS 15. Other receivables are recognised initially at fair value plus any directly attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method less, any impairment losses.The Group applies the Expected Credit Loss (ECL) model. For trade receivables and unbilled revenue on (completed) contracts, the Group applies a simplified approach in calculating ECLs. Therefore, the Group does not track changes in credit risk, but instead recognises a loss allowance based on lifetime ECLs at each reporting date. Refer to note 34.2 Credit risk for details on how the Group applies the ECL model.33.  TRADE AND OTHER PAYABLESTrade and other payables represent liabilities for services and goods provided to the group prior to the end of financial year which are unpaid. Trade and other payables are recognised initially at fair value net of any directly attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest rate method.The contracts in progress for which progress billing exceeds costs incurred plus profits recognised to date less progress billings and recognised losses are presented as advance instalments to work in progress.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-125-7": {
   "value": "23.  OTHER INVESTMENTSEquity securities, long-term loans, deposits and other long-term assets are financial assets. The Group does not have material derivative financial assets. The aforementioned financial assets are classified at initial recognition, and subsequently measured at amortised cost or fair value through profit and loss. The classification at initial recognition depends on the financial asset\u2019s contractual cash flow characteristics and the Group\u2019s business model for managing them. The Group measures financial assets at amortised cost if both of the following conditions are met: \u25a0The financial asset is held within a business model with the objective to hold financialassets in order to collect contractual cash flows \u25a0The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Subsequent measurement is at amortised cost using the effective interest method and is subject to impairment. Gains and losses are recognised in profit or loss when the asset is derecognised, modified or impaired. Financial assets at fair value through profit or loss are carried in the statement of financial position at fair value with net changes in fair value recognised in the statement of comprehensive income. Dividends on equity investments are also recognised as net finance income in the statement of comprehensive income when the right of payment has been established. The Group derecognises a financial asset when the rights to receive cash flows from the asset have expired or have been transferred and the group has transferred substantially all the risks and rewards of ownership.The Group recognises an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss. Refer to note 34.2 Credit risk for details on how the Group applies ECL model.25.  TRADE AND OTHER RECEIVABLESTrade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient when it is expected, at contract inception, that the period between when the Group transfers the promised goods or services and when the customers pays for this good or service is one year or less, are measured at the transaction price determined under IFRS 15. Other receivables are recognised initially at fair value plus any directly attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method less, any impairment losses.The Group applies the Expected Credit Loss (ECL) model. For trade receivables and unbilled revenue on (completed) contracts, the Group applies a simplified approach in calculating ECLs. Therefore, the Group does not track changes in credit risk, but instead recognises a loss allowance based on lifetime ECLs at each reporting date. Refer to note 34.2 Credit risk for details on how the Group applies the ECL model.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-125-8": {
   "value": "23.  OTHER INVESTMENTSEquity securities, long-term loans, deposits and other long-term assets are financial assets. The Group does not have material derivative financial assets. The aforementioned financial assets are classified at initial recognition, and subsequently measured at amortised cost or fair value through profit and loss. The classification at initial recognition depends on the financial asset\u2019s contractual cash flow characteristics and the Group\u2019s business model for managing them. The Group measures financial assets at amortised cost if both of the following conditions are met: \u25a0The financial asset is held within a business model with the objective to hold financialassets in order to collect contractual cash flows \u25a0The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Subsequent measurement is at amortised cost using the effective interest method and is subject to impairment. Gains and losses are recognised in profit or loss when the asset is derecognised, modified or impaired. Financial assets at fair value through profit or loss are carried in the statement of financial position at fair value with net changes in fair value recognised in the statement of comprehensive income. Dividends on equity investments are also recognised as net finance income in the statement of comprehensive income when the right of payment has been established. The Group derecognises a financial asset when the rights to receive cash flows from the asset have expired or have been transferred and the group has transferred substantially all the risks and rewards of ownership.The Group recognises an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss. Refer to note 34.2 Credit risk for details on how the Group applies ECL model.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-125-9": {
   "value": "23.  OTHER INVESTMENTSEquity securities, long-term loans, deposits and other long-term assets are financial assets. The Group does not have material derivative financial assets. The aforementioned financial assets are classified at initial recognition, and subsequently measured at amortised cost or fair value through profit and loss. The classification at initial recognition depends on the financial asset\u2019s contractual cash flow characteristics and the Group\u2019s business model for managing them. The Group measures financial assets at amortised cost if both of the following conditions are met: \u25a0The financial asset is held within a business model with the objective to hold financialassets in order to collect contractual cash flows \u25a0The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Subsequent measurement is at amortised cost using the effective interest method and is subject to impairment. Gains and losses are recognised in profit or loss when the asset is derecognised, modified or impaired. Financial assets at fair value through profit or loss are carried in the statement of financial position at fair value with net changes in fair value recognised in the statement of comprehensive income. Dividends on equity investments are also recognised as net finance income in the statement of comprehensive income when the right of payment has been established. The Group derecognises a financial asset when the rights to receive cash flows from the asset have expired or have been transferred and the group has transferred substantially all the risks and rewards of ownership.The Group recognises an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss. Refer to note 34.2 Credit risk for details on how the Group applies ECL model.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-125-10": {
   "value": "23.  OTHER INVESTMENTSEquity securities, long-term loans, deposits and other long-term assets are financial assets. The Group does not have material derivative financial assets. The aforementioned financial assets are classified at initial recognition, and subsequently measured at amortised cost or fair value through profit and loss. The classification at initial recognition depends on the financial asset\u2019s contractual cash flow characteristics and the Group\u2019s business model for managing them. The Group measures financial assets at amortised cost if both of the following conditions are met: \u25a0The financial asset is held within a business model with the objective to hold financialassets in order to collect contractual cash flows \u25a0The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Subsequent measurement is at amortised cost using the effective interest method and is subject to impairment. Gains and losses are recognised in profit or loss when the asset is derecognised, modified or impaired. Financial assets at fair value through profit or loss are carried in the statement of financial position at fair value with net changes in fair value recognised in the statement of comprehensive income. Dividends on equity investments are also recognised as net finance income in the statement of comprehensive income when the right of payment has been established. The Group derecognises a financial asset when the rights to receive cash flows from the asset have expired or have been transferred and the group has transferred substantially all the risks and rewards of ownership.The Group recognises an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss. Refer to note 34.2 Credit risk for details on how the Group applies ECL model.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-128-2": {
   "value": "24.  INVENTORIESInventories are measured at the lower of cost and net realisable value. The cost of inventories is determined using the first-in first-out principle, and includes expenditure incurred in acquiring the inventories, production or conversion costs and other costs incurred in bringing them to their existing location and condition. Net realisable value of inventories is the estimated selling price in the ordinary course of business, less the estimated costs of completion and selling expenses.In 2022, EUR 29,098 thousand  (2021: EUR 29,261 thousand) of inventories was recognised as an expense.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-128-4": {
   "value": "24.  INVENTORIESInventories are measured at the lower of cost and net realisable value. The cost of inventories is determined using the first-in first-out principle, and includes expenditure incurred in acquiring the inventories, production or conversion costs and other costs incurred in bringing them to their existing location and condition. Net realisable value of inventories is the estimated selling price in the ordinary course of business, less the estimated costs of completion and selling expenses.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-130-5": {
   "value": "25.  TRADE AND OTHER RECEIVABLESTrade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient when it is expected, at contract inception, that the period between when the Group transfers the promised goods or services and when the customers pays for this good or service is one year or less, are measured at the transaction price determined under IFRS 15. Other receivables are recognised initially at fair value plus any directly attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method less, any impairment losses.Unbilled revenue on (completed) projects represents the gross amount expected to be collected from customers for contract work performed to date (a contract asset). It is measured at costs incurred plus profits recognised to date less progress billings and recognised losses. Generally, unbilled revenue on (completed) projects is invoiced to customers in the period following the execution of work. Subsequently, trade receivables are paid by customers in accordance with their respective payment term. The contracts in progress for which this amount exceeds progress billings are presented as unbilled revenue on (completed) projects. The contracts in progress for which progress billing exceeds costs incurred plus profits recognised to date less progress billings and recognised losses are presented as advance instalments to work in progress.The Group applies the Expected Credit Loss (ECL) model. For trade receivables and unbilled revenue on (completed) contracts, the Group applies a simplified approach in calculating ECLs. Therefore, the Group does not track changes in credit risk, but instead recognises a loss allowance based on lifetime ECLs at each reporting date. Refer to note 34.2 Credit risk for details on how the Group applies the ECL model.(EUR x 1,000) 2022 2021Trade receivables 291,207 240,035Unbilled revenue on (completed) projects 216,744 186,002Prepayments 28,882 29,716VAT and other tax receivables 30,563 17,927Other receivables  36,079 39,140Balance at 31 December 603,475 512,820Trade receivables are shown net of impairment losses (see below) arising from identified doubtful receivables from customers as well as expected credit losses. Other receivables include short-term deposits and current portion of long-term receivables with an impairment loss of EUR 524 thousand recognised in the year (2021: nil). Impairment lossesTrade receivables were impaired taking into account the financial position of the debtors, the days outstanding, the expected outcome of negotiations and legal proceedings against debtors and probabilities of default. Unbilled revenue on (completed) projects does not include (material) impairment losses which is similar to previous year. The ageing of trade receivables and unbilled revenue on (completed) contracts at the reporting date is as follows:(EUR x 1,000) 2022Estimated total gross carrying Expected amount at Expectedcredit loss Statusdefaultcredit lossrate %Past due for 0 to 30 days Fully performing 403,381 292 0.07Not (materially) Past due for 31 to 60 daysimpaired 53,261 480 0.90Not (materially) Past due for 61 to 90 daysimpaired 18,243 86 0.47Past due for over 90 days (Materially) impaired 33,559 13,565 40.42Retentions and special items 14,498 568 3.92Balance at 31 December 522,942 14,991(EUR x 1,000) 2021Estimated total gross carrying Expected amount at Expectedcredit loss Statusdefaultcredit lossrate %Past due for 0 to 30 days Fully performing 353,829 95 0.03Not (materially) Past due for 31 to 60 daysimpaired 34,286 998 2.91Not (materially) Past due for 61 to 90 daysimpaired 8,968 552 6.16Past due for over 90 days (Materially) impaired 35,281 13,711 38.86Retentions and special items 9,111 82 0.90Balance at 31 December 441,475 15,438The movement in the allowance for impairment in respect of trade receivables and unbilled revenue on (completed) contracts during the year was as follows:(EUR x 1,000) 2022 2021Balance at 1 January 15,438 16,835Impairment loss recognised 2,918 4,144Impairment loss reversed (2,003) (1,861)Write-off (1,972) (4,767)Effect of movements in exchange rates 610 1,087Balance at 31 December 14,991 15,438The allowance account with respect to trade receivables and unbilled revenue on (completed) contracts are used to record impairment losses unless the Group is satisfied that no recovery of the amount owing is possible. At that point the amount considered irrecoverable is written off directly against the allowance. The changes in the aforementioned balances contributed to changes in the loss allowance. Consistent with prior year, there are no material trade receivables which were written off during 2022 and which are still subject to enforcement activity.34.2  Credit riskCredit risk is the risk of financial loss to the group if a customer or counterparty to a financial instrument fails to meet its contractual obligations and arises principally from the group\u2019s receivables from customers and unbilled revenue on (completed) contracts.With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus, (in the case of a financial asset not at fair value through profit or loss), transaction costs.The Group considers the probability of default upon initial recognition of an asset and whether there has been a significant increase in credit risk on an ongoing basis throughout each reporting period. To assess whether there is a significant increase in credit risk the company compares the risk of a default occurring on the asset as at the reporting date with the risk of default as at the date of initial recognition. It considers available reasonable and supportive forwarding-looking information. The Group applies the low credit risk simplification to long-term loans, deposits and other long-term receivables and recognises an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss.ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms (insofar applicable).The Board of Management reviews the outstanding trade receivables and unbilled revenue on (completed) contracts on an ongoing basis. Local management is requested to take additional precaution in working with certain clients. For trade receivables and unbilled revenue on (completed) contracts, the Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. Generally, trade receivables are fully impaired if past due more than 1.5 year and are not subject to enforcement activity. The provision rates are based on days past due for customers. The Group considered various customer segments that have similar loss patterns (i.e., by geography, service/product type, industry, customer type and rating, and coverage from credit insurance where applicable). The ageing is based on invoice due date. The provision matrix is initially based on the Group\u2019s historical observed default rates. The Group calibrates the matrix to adjust the historical credit loss experience with forward-looking information considering current market conditions at the reporting date. A trade receivable is written off when there is no reasonable expectation of recovering the contractual cash flows. The assessment of the correlation between historical observed default rates, forecast economic conditions and ECLs is an estimate. The sensitivity of the amount of ECLs to changes in circumstances and of forecast economic conditions is limited. The Group\u2019s historical credit loss experience and forecast of economic conditions may not be representative of customer\u2019s actual default in the future. The Group does not provide detailed information on (a) the estimation techniques and inputs used, (b) how the forecast economic conditions have been incorporated in the determination of ECL and (c) changes in estimation techniques and inputs used, because the impact is not significant.Some of the Group\u2019s orders are awarded on the basis of long-term preferred supplier agreements. In the course of a year Fugro often carries out multiple projects for the same client. Fugro typically has no single client that generates more than 5% of its revenue in the year. On occasion one client may generate more than 5%, which can happen in case of exceptionally large contracts where most of the revenue falls in the accounting year. Having a large number of clients and short project time spans mitigates Fugro\u2019s credit risk as the individual amounts receivable from the same client are limited.New customers are analysed individually for creditworthiness before payment and delivery terms and conditions are offered. The Group\u2019s review may include external ratings, where available, and in some cases bank references. Customers that fail to meet the Group\u2019s benchmark creditworthiness may transact with the Group only on a prepayment basis or have to provide a bank guarantee.The majority of the Group\u2019s clients has done business with the Group for many years and significant losses have only occurred incidentally in prior years. Clients that are known to have negative credit characteristics are individually monitored by the group controllers. If clients fail to pay timely the Group re-assesses the creditworthiness and stronger debt collection is started if deemed necessary. The Group closely monitors certain clients that need extra attention before a contract is closed.For other financial assets, ECLs are recognised in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). The Group considers that there has been a significant increase in credit risk when contractual payments are more than 30 days past due. For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL). The Group considers a financial asset in default when contractual payments are 90 days past due. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements (insofar applicable) held by the Group. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows. A financial asset is \u2018credit-impaired\u2019 when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred.The Group has no significant lease arrangements in which it is a lessor.The Group\u2019s carrying amount of cash and cash equivalents represents its maximum credit exposure on these assets. The cash and cash equivalents are held with bank and financial institution counterparties, which have \u2018investment grade\u2019 credit ratings.Credit risk exposureThe maximum exposure to credit risk at the reporting date is the carrying amount of each class of financial assets (such as loans, deposits, receivables and unbilled revenue on completed projects). The group holds no collateral as security on the long-term loans, deposits, other long-term receivables, trade and other receivables and unbilled revenue on (completed) contracts. As such, the Group does not have financial assets for which no loss allowance is recognised because of collateral. The maximum exposure for trade receivables and unbilled revenue on (completed) contracts at the reporting date by geographic region is disclosed in the segment reporting note and equals the carrying amount.There was no visible impact of macroeconomic events arising in 2022 on the Group\u2019s credit risk exposure. Furthermore, no material change to ECLs on trade receivables outstanding with customers and unbilled revenue on (completed) projects was deemed necessary.Refer to note 25 Trade and other receivables for details on the ageing and recoverability of trade receivables and unbilled revenues.Cash and cash equivalents are generally held with large well-known banks with adequate credit ratings only.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-130-6": {
   "value": "25.  TRADE AND OTHER RECEIVABLESThe Group applies the Expected Credit Loss (ECL) model. For trade receivables and unbilled revenue on (completed) contracts, the Group applies a simplified approach in calculating ECLs. Therefore, the Group does not track changes in credit risk, but instead recognises a loss allowance based on lifetime ECLs at each reporting date. Refer to note 34.2 Credit risk for details on how the Group applies the ECL model.(EUR x 1,000) 2022 2021Trade receivables 291,207 240,035Unbilled revenue on (completed) projects 216,744 186,002Prepayments 28,882 29,716VAT and other tax receivables 30,563 17,927Other receivables  36,079 39,140Balance at 31 December 603,475 512,820Trade receivables are shown net of impairment losses (see below) arising from identified doubtful receivables from customers as well as expected credit losses. Other receivables include short-term deposits and current portion of long-term receivables with an impairment loss of EUR 524 thousand recognised in the year (2021: nil). Impairment lossesTrade receivables were impaired taking into account the financial position of the debtors, the days outstanding, the expected outcome of negotiations and legal proceedings against debtors and probabilities of default. Unbilled revenue on (completed) projects does not include (material) impairment losses which is similar to previous year. The ageing of trade receivables and unbilled revenue on (completed) contracts at the reporting date is as follows:(EUR x 1,000) 2022Estimated total gross carrying Expected amount at Expectedcredit loss Statusdefaultcredit lossrate %Past due for 0 to 30 days Fully performing 403,381 292 0.07Not (materially) Past due for 31 to 60 daysimpaired 53,261 480 0.90Not (materially) Past due for 61 to 90 daysimpaired 18,243 86 0.47Past due for over 90 days (Materially) impaired 33,559 13,565 40.42Retentions and special items 14,498 568 3.92Balance at 31 December 522,942 14,991(EUR x 1,000) 2021Estimated total gross carrying Expected amount at Expectedcredit loss Statusdefaultcredit lossrate %Past due for 0 to 30 days Fully performing 353,829 95 0.03Not (materially) Past due for 31 to 60 daysimpaired 34,286 998 2.91Not (materially) Past due for 61 to 90 daysimpaired 8,968 552 6.16Past due for over 90 days (Materially) impaired 35,281 13,711 38.86Retentions and special items 9,111 82 0.90Balance at 31 December 441,475 15,438The movement in the allowance for impairment in respect of trade receivables and unbilled revenue on (completed) contracts during the year was as follows:(EUR x 1,000) 2022 2021Balance at 1 January 15,438 16,835Impairment loss recognised 2,918 4,144Impairment loss reversed (2,003) (1,861)Write-off (1,972) (4,767)Effect of movements in exchange rates 610 1,087Balance at 31 December 14,991 15,438The allowance account with respect to trade receivables and unbilled revenue on (completed) contracts are used to record impairment losses unless the Group is satisfied that no recovery of the amount owing is possible. At that point the amount considered irrecoverable is written off directly against the allowance. The changes in the aforementioned balances contributed to changes in the loss allowance. Consistent with prior year, there are no material trade receivables which were written off during 2022 and which are still subject to enforcement activity.34.  FINANCIAL RISK MANAGEMENT34.2  Credit riskThe Group considers the probability of default upon initial recognition of an asset and whether there has been a significant increase in credit risk on an ongoing basis throughout each reporting period. To assess whether there is a significant increase in credit risk the company compares the risk of a default occurring on the asset as at the reporting date with the risk of default as at the date of initial recognition. It considers available reasonable and supportive forwarding-looking information. The Group applies the low credit risk simplification to long-term loans, deposits and other long-term receivables and recognises an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss.ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms (insofar applicable).The Board of Management reviews the outstanding trade receivables and unbilled revenue on (completed) contracts on an ongoing basis. Local management is requested to take additional precaution in working with certain clients. For trade receivables and unbilled revenue on (completed) contracts, the Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. Generally, trade receivables are fully impaired if past due more than 1.5 year and are not subject to enforcement activity. The provision rates are based on days past due for customers. The Group considered various customer segments that have similar loss patterns (i.e., by geography, service/product type, industry, customer type and rating, and coverage from credit insurance where applicable). The ageing is based on invoice due date. The provision matrix is initially based on the Group\u2019s historical observed default rates. The Group calibrates the matrix to adjust the historical credit loss experience with forward-looking information considering current market conditions at the reporting date. A trade receivable is written off when there is no reasonable expectation of recovering the contractual cash flows. The assessment of the correlation between historical observed default rates, forecast economic conditions and ECLs is an estimate. The sensitivity of the amount of ECLs to changes in circumstances and of forecast economic conditions is limited. The Group\u2019s historical credit loss experience and forecast of economic conditions may not be representative of customer\u2019s actual default in the future. The Group does not provide detailed information on (a) the estimation techniques and inputs used, (b) how the forecast economic conditions have been incorporated in the determination of ECL and (c) changes in estimation techniques and inputs used, because the impact is not significant.For other financial assets, ECLs are recognised in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). The Group considers that there has been a significant increase in credit risk when contractual payments are more than 30 days past due. For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL). The Group considers a financial asset in default when contractual payments are 90 days past due. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements (insofar applicable) held by the Group. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows. A financial asset is \u2018credit-impaired\u2019 when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred.There was no visible impact of macroeconomic events arising in 2022 on the Group\u2019s credit risk exposure. Furthermore, no material change to ECLs on trade receivables outstanding with customers and unbilled revenue on (completed) projects was deemed necessary.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-130-7": {
   "value": "25.  TRADE AND OTHER RECEIVABLESThe Group applies the Expected Credit Loss (ECL) model. For trade receivables and unbilled revenue on (completed) contracts, the Group applies a simplified approach in calculating ECLs. Therefore, the Group does not track changes in credit risk, but instead recognises a loss allowance based on lifetime ECLs at each reporting date. Refer to note 34.2 Credit risk for details on how the Group applies the ECL model.Impairment lossesTrade receivables were impaired taking into account the financial position of the debtors, the days outstanding, the expected outcome of negotiations and legal proceedings against debtors and probabilities of default. Unbilled revenue on (completed) projects does not include (material) impairment losses which is similar to previous year. The ageing of trade receivables and unbilled revenue on (completed) contracts at the reporting date is as follows:(EUR x 1,000) 2022Estimated total gross carrying Expected amount at Expectedcredit loss Statusdefaultcredit lossrate %Past due for 0 to 30 days Fully performing 403,381 292 0.07Not (materially) Past due for 31 to 60 daysimpaired 53,261 480 0.90Not (materially) Past due for 61 to 90 daysimpaired 18,243 86 0.47Past due for over 90 days (Materially) impaired 33,559 13,565 40.42Retentions and special items 14,498 568 3.92Balance at 31 December 522,942 14,991(EUR x 1,000) 2021Estimated total gross carrying Expected amount at Expectedcredit loss Statusdefaultcredit lossrate %Past due for 0 to 30 days Fully performing 353,829 95 0.03Not (materially) Past due for 31 to 60 daysimpaired 34,286 998 2.91Not (materially) Past due for 61 to 90 daysimpaired 8,968 552 6.16Past due for over 90 days (Materially) impaired 35,281 13,711 38.86Retentions and special items 9,111 82 0.90Balance at 31 December 441,475 15,438The movement in the allowance for impairment in respect of trade receivables and unbilled revenue on (completed) contracts during the year was as follows:(EUR x 1,000) 2022 2021Balance at 1 January 15,438 16,835Impairment loss recognised 2,918 4,144Impairment loss reversed (2,003) (1,861)Write-off (1,972) (4,767)Effect of movements in exchange rates 610 1,087Balance at 31 December 14,991 15,438The allowance account with respect to trade receivables and unbilled revenue on (completed) contracts are used to record impairment losses unless the Group is satisfied that no recovery of the amount owing is possible. At that point the amount considered irrecoverable is written off directly against the allowance. The changes in the aforementioned balances contributed to changes in the loss allowance. Consistent with prior year, there are no material trade receivables which were written off during 2022 and which are still subject to enforcement activity.34.  FINANCIAL RISK MANAGEMENT34.1  OverviewThe company\u2019s risk management policy includes the long-term sustainable management of its business activities and where possible, the mitigation of the associated business risks. Based on the nature and relative significance of the risks related to the Group\u2019s wide diversity of markets, clients and regions and its broad portfolio of activities the risks have been quantified to the extent possible.The Group has exposure to the following financial risks from its operations: \u25a0Credit risk \u25a0Liquidity risk \u25a0Market riskThis note presents information about the Group\u2019s exposure to each of the above risks, the Group\u2019s objectives, policies and processes for measuring and managing risk, and the Group\u2019s management of capital. This note presents information on a consolidated basis including both continued and discontinued operations.The Board of Management has overall responsibility for the establishment and oversight of the Group\u2019s risk management framework.The Group\u2019s risk management policies are established to identify and analyse the risks faced by the Group, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Group\u2019s activities. The Group, through its training and management standards and procedures, aims to develop a disciplined and constructive control environment in which all employees understand their role and obligations.The audit committee oversees how management monitors compliance with the group\u2019s risk management policies and procedures and reviews the adequacy of the risk management framework in relation to the risks faced by the group. The audit committee is assisted in its oversight role by internal audit. Both regular and ad hoc reviews of risk management controls and procedures are performed, the results of which are reported directly to the Board of Management. A summary of important observations is reported to the audit committee.34.2  Credit riskCredit risk is the risk of financial loss to the group if a customer or counterparty to a financial instrument fails to meet its contractual obligations and arises principally from the group\u2019s receivables from customers and unbilled revenue on (completed) contracts.With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus, (in the case of a financial asset not at fair value through profit or loss), transaction costs.The Group considers the probability of default upon initial recognition of an asset and whether there has been a significant increase in credit risk on an ongoing basis throughout each reporting period. To assess whether there is a significant increase in credit risk the company compares the risk of a default occurring on the asset as at the reporting date with the risk of default as at the date of initial recognition. It considers available reasonable and supportive forwarding-looking information. The Group applies the low credit risk simplification to long-term loans, deposits and other long-term receivables and recognises an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss.ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms (insofar applicable).The Board of Management reviews the outstanding trade receivables and unbilled revenue on (completed) contracts on an ongoing basis. Local management is requested to take additional precaution in working with certain clients. For trade receivables and unbilled revenue on (completed) contracts, the Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. Generally, trade receivables are fully impaired if past due more than 1.5 year and are not subject to enforcement activity. The provision rates are based on days past due for customers. The Group considered various customer segments that have similar loss patterns (i.e., by geography, service/product type, industry, customer type and rating, and coverage from credit insurance where applicable). The ageing is based on invoice due date. The provision matrix is initially based on the Group\u2019s historical observed default rates. The Group calibrates the matrix to adjust the historical credit loss experience with forward-looking information considering current market conditions at the reporting date. A trade receivable is written off when there is no reasonable expectation of recovering the contractual cash flows. The assessment of the correlation between historical observed default rates, forecast economic conditions and ECLs is an estimate. The sensitivity of the amount of ECLs to changes in circumstances and of forecast economic conditions is limited. The Group\u2019s historical credit loss experience and forecast of economic conditions may not be representative of customer\u2019s actual default in the future. The Group does not provide detailed information on (a) the estimation techniques and inputs used, (b) how the forecast economic conditions have been incorporated in the determination of ECL and (c) changes in estimation techniques and inputs used, because the impact is not significant.Some of the Group\u2019s orders are awarded on the basis of long-term preferred supplier agreements. In the course of a year Fugro often carries out multiple projects for the same client. Fugro typically has no single client that generates more than 5% of its revenue in the year. On occasion one client may generate more than 5%, which can happen in case of exceptionally large contracts where most of the revenue falls in the accounting year. Having a large number of clients and short project time spans mitigates Fugro\u2019s credit risk as the individual amounts receivable from the same client are limited.New customers are analysed individually for creditworthiness before payment and delivery terms and conditions are offered. The Group\u2019s review may include external ratings, where available, and in some cases bank references. Customers that fail to meet the Group\u2019s benchmark creditworthiness may transact with the Group only on a prepayment basis or have to provide a bank guarantee.The majority of the Group\u2019s clients has done business with the Group for many years and significant losses have only occurred incidentally in prior years. Clients that are known to have negative credit characteristics are individually monitored by the group controllers. If clients fail to pay timely the Group re-assesses the creditworthiness and stronger debt collection is started if deemed necessary. The Group closely monitors certain clients that need extra attention before a contract is closed.For other financial assets, ECLs are recognised in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). The Group considers that there has been a significant increase in credit risk when contractual payments are more than 30 days past due. For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL). The Group considers a financial asset in default when contractual payments are 90 days past due. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements (insofar applicable) held by the Group. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows. A financial asset is \u2018credit-impaired\u2019 when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred.The Group has no significant lease arrangements in which it is a lessor.The Group\u2019s carrying amount of cash and cash equivalents represents its maximum credit exposure on these assets. The cash and cash equivalents are held with bank and financial institution counterparties, which have \u2018investment grade\u2019 credit ratings.Credit risk exposureThe maximum exposure to credit risk at the reporting date is the carrying amount of each class of financial assets (such as loans, deposits, receivables and unbilled revenue on completed projects). The group holds no collateral as security on the long-term loans, deposits, other long-term receivables, trade and other receivables and unbilled revenue on (completed) contracts. As such, the Group does not have financial assets for which no loss allowance is recognised because of collateral. The maximum exposure for trade receivables and unbilled revenue on (completed) contracts at the reporting date by geographic region is disclosed in the segment reporting note and equals the carrying amount.There was no visible impact of macroeconomic events arising in 2022 on the Group\u2019s credit risk exposure. Furthermore, no material change to ECLs on trade receivables outstanding with customers and unbilled revenue on (completed) projects was deemed necessary.Refer to note 25 Trade and other receivables for details on the ageing and recoverability of trade receivables and unbilled revenues.Cash and cash equivalents are generally held with large well-known banks with adequate credit ratings only.34.3  Liquidity riskLiquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Group\u2019s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Group\u2019s reputation. The global cash pool makes it possible for the company to use the cash surplus within the group to reduce the overdrafts at its main uncommitted facilities.As at 31 December 2022, Fugro holds trapped cash balances in Angola and Nigeria (as quantified in note 26 Cash and cash equivalents), where exchange controls apply. The company expects that these exchange controls will become less when the oil and gas market conditions are expected to improve and when Angola and Nigeria will have increased inflow of USD in relation to their oil business. In addition, several actions have been explored to further lower this amount.The Group monitors cash flow on a regular basis and operates with a global cash pool. Consolidated cash flow information, including a projection for the year, is reported on a monthly basis to the Board of Management, ensuring that the Group has sufficient cash on demand (or available lines of credit) to meet expected near term operational expenditures. Cash flow projections exclude the potential impact of extreme circumstances that cannot reasonably be predicted, such as natural disasters. The Group maintains the following lines of credit: \u25a0A senior term loan facility totalling EUR 200 million refinanced in 2022 under the new Senior Facility arrangement to replace the existing facility (Refer to Note 5 Refinancing 2022 for more details). As at 31 December 2022, the facility was drawn for EUR 200 million (2021: EUR 188 million from the then existing super senior term loan facility totalling EUR 200 million). These bank facilities have been secured until December 2025. Reference is also made to the Senior RCF of EUR 140 million and ancillary facility of EUR 60 million, which are undrawn as of 31 December 2022. \u25a0A variety of unsecured overdraft facilities in various currencies totalling around EUR 74 million of which EUR 2.1 million have been drawn at 31 December 2022 (31 December 2021: EUR 54 million with EUR 1.8 million drawn). The amount of such facilities, to the extent not otherwise permitted under the SFA, that the Group may have outstanding is limited to EUR 15,000,000 in aggregate together with any other financial indebtedness of the Group that is not otherwise permitted under the SFA.The following are the contractual maturities of financial liabilities including interest payments:(EUR x 1,000) 2022Carrying Contractual 6 months  More than  amountcash flowsor less 7 \u2013 12 months 1 \u2013 2 years 3 \u2013 5 years5 yearsSenior term loan EUR 200 million 200,234 225,372 4,283 4,213 8,426 208,450-Subordinated unsecured convertible bonds in EUR 100,000 40,348 46,324 956 956 44,412- -Lease liabilities 168,974 232,238 22,521 55,903 31,245 43,251 79,318Other loans and long-term borrowings  4,886 4,886-3,801 1,085- -Trade and other payables 410,794 410,794 410,794- - - -Bank overdraft 2,059 2,059 2,059- - - -Balance at 31 December 827,295 921,673 440,613 64,873 85,168 251,701 79,318(EUR x 1,000) 2021Carrying Contractual 6 months  More than  amountcash flowsor less 7 \u2013 12 months 1 \u2013 2 years 3 \u2013 5 years5 yearsSuper senior revolving credit facility in EUR 250 million 12,521 12,592 12,592- - - -Super senior term loan EUR 200 million 186,217 214,419 5,671 6,212 202,536- -Subordinated unsecured convertible bonds in EUR 100,000 92,123 113,500 2,250 111,250- - -Lease liabilities 147,424 186,226 16,045 14,586 25,929 66,328 63,338Other loans and long-term borrowings  1,558 1,558 1,558- - - -Trade and other payables 383,007 383,007 383,007- - - -Bank overdraft 1,824 1,824 1,824- - - -Balance at 31 December 824,674 913,126 422,947 132,048 228,465 66,328 63,338The interest included in the above table is based on the current amounts borrowed with current interest rates against the current exchange rate (if applicable). No assumptions are included for possible future changes in borrowings, interest payments or the one year term-extending option on the senior RCF and senior term loan. It is not expected that the cash flows included in the maturity analysis could occur significantly earlier, or at significantly different amounts.34.4  Market riskMarket risk includes changes in market prices, such as foreign exchange rates, interest rates and equity prices which will affect the Group\u2019s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return.34.4.1  Currency riskThe global nature of the business of the Group exposes the operations and reported financial results and cash flows to the risks arising from fluctuations in exchange rates. Currency risk is the risk that reported financial performance, or the fair value or future cash flows of a financial instrument, will fluctuate because of changes in foreign exchange rates. Fugro operates in many countries and currencies and therefore currency fluctuations may inevitably impact its financial results. Fugro is exposed to currency risk in the following areas: \u25a0Transaction exposures related to anticipated sales and purchases and on-balance-sheet receivables/payables resulting from such transactions. \u25a0Translation exposure resulting from translation of its operations in non-Euro currencies to Euros. \u25a0Translation exposure to equity interests in non-functional-currency investments in associates and financial assets at fair value.To mitigate the impact of currency exchange rate fluctuations, the Group continually assesses the exposure to currency risks and if deemed necessary a portion of those risks is hedged by using derivative financial instruments. The principal derivative financial instruments used to cover foreign currency exposure are forward foreign currency exchange contracts. As of 31 December 2022, there are no material forward foreign currency exchange contracts outstanding (consistent with prior year). It is noted that the senior RCF and senior term loan may also be drawn in US dollar.For foreign exchange exposure arising from intercompany loans, where the Group enters into such arrangements the financing is generally provided in the functional currency of the subsidiary. Interest on external borrowings is denominated in the currency of the borrowing. Generally, the Group\u2019s borrowings are denominated in Euro, consistent with the presentation currency of the group. Borrowing facilities in other currencies, including the US dollar, are also available to the Group. In addition, lease liabilities are generally denominated in currencies that match the cash flows generated by the underlying operations of the Group.Applicable exchange rates at 31 December for major non-Euro currencies to the Euro are shown as follows:  2022 2021 2022 2021  Closing rates Weighted average rates  1 EUR 1 EUR 1 EUR 1 EURAUD 1.5625 1.5625 1.5152 1.5873GBP 0.8850 0.8403 0.8547 0.8547HKD 8.3056 8.8183 8.2242 9.1792NOK 10.5263 10.000 10.1010 10.2041SGD 1.4286 1.5385 1.4493 1.5873USD  1.0638 1.1364 1.0526 1.1765Sensitivity analysisA 10 percent strengthening of the Euro against the mentioned currencies at 31 December would have increased (decreased) total year-end equity and profit or loss for the year by the amounts shown below. This analysis of major non-Euro currencies is based on foreign currency exchange rate variances that the Group considered to be reasonably possible at the reporting date. This analysis assumes that all other variables, in particular interest rates, remain constant and ignores any impact of forecasted sales and purchases.Effect in EUR x 1,000 31 December 2022 31 December 2021Total Profit or (loss) Total  Profit or (loss) equity at after tax for equity at after tax for year-endthe yearyear-endthe yearAUD (3,576) 150 (3,695) 1,140GBP (14,592) 585 (16,176) (829)HKD (13,792) (861) (11,622) (470)NOK (4,012) (1,433) (3,909) (968)SGD (3,554) (470) (2,851) (457)USD (2,870) 3,009 (3,656) 1,695The following table outlines the estimated nominal value exposure arising from translating on-balance-sheet receivables/payables from major non-Euro denominated functional currencies to the Group\u2019s presentation currency Euro:2022Trade Unbilled Trade  WIPProject Exposure in EUR thousandsreceivablesrevenuespayablesAdvancesaccrualsAUD 10,506 26,422 8,453 3,518 12,970GBP 65,380 33,459 20,099 15,330 14,457HKD 10,473 7,466 3,678 6,228 1,990NOK 11,603 4,734 3,277 4,983 1,541SGD 3,840 628 757 1,950 1,086USD 74,361 78,717 26,477 15,195 49,330176,163 151,426 62,741 47,204 81,374Sensitivity+10% 16,015 13,766 5,704 4,291 7,398+15% 22,978 19,751 8,184 6,157 10,6142021Trade Unbilled Trade  WIPProject Exposure in EUR thousandsreceivablesrevenuespayablesAdvancesaccrualsAUD 7,893 28,177 7,551 2,266 13,908GBP 41,269 25,047 15,520 7,988 19,046HKD 10,574 6,029 3,717 4,449 3,637NOK 9,134 2,878 4,319 4,896 1,262SGD 3,309 621 1,401 1,806 1,523USD 66,323 56,650 32,273 9,217 47,392138,502 119,402 64,781 30,622 86,769Sensitivity+10% 12,591 10,855 5,889 2,784 7,888+15% 18,065 15,574 8,450 3,994 11,31834.4.2  Interest rate riskThe Group\u2019s liabilities bear both fixed and variable interests. The Group\u2019s objective is to limit the effect of interest rate changes on the results by matching long term investment with long term (fixed or variable interest) financing as much as possible.ProfileAt the reporting date the interest rate profile of the Group\u2019s interest-bearing financial instruments was:(EUR x 1,000) Carrying amount2022 2021Fixed rate instrumentsFinancial assets 4,500 4,500Financial liabilities (214,233) (241,096)Variable rate instrumentsFinancial assets 209,090 148,956Financial liabilities (202,292) (200,565)Balance at 31 December (202,935) (288,205)Fair value sensitivity analysis for fixed rate instrumentsThe Group does not account for any fixed rate financial assets and liabilities at fair value through profit or loss, and the Group does not designate derivatives (interest rate swaps) as hedging instruments under a fair value hedge accounting model. Therefore, a change in interest rates at the reporting date would not affect profit or loss.Cash flow sensitivity analysis for variable rate instrumentsA change of 100 basis points in interest rates at the reporting date would have increased (decreased) equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency rates, remain constant. At 31 December 2022, it is estimated that a general increase (decrease) of 100 basis points in interest rates would decrease (increase) the Group\u2019s profit before income tax by approximately:(EUR x 1,000) Equity and profit or loss100 bp 100 bp increasedecrease31 December 2022Variable rate instruments 68 (68)Cash flow sensitivity (net) 68 (68)31 December 2021Variable rate instruments (516) 516Cash flow sensitivity (net) (516) 51634.5  Capital managementThe Board of Management\u2019s policy is to maintain a strong capital base in order to retain investor, creditor and market confidence and to sustain future development of the business. Capital consists of share capital, retained earnings and non-controlling interests of the Group. Important key performance indicators for the Board of Management are free cash flow, the return on capital as well as the level of dividends. The Board strives for a dividend pay-out ratio of 35 to 55% of net result. Subsequent to the refinancing in 2020 dividend payments are restricted. Over 2022 no dividends will be paid. Dividends may only be paid if net leverage is structually equal to or less than 2.5 times and a maximum of 60% of net profit (refer to 30.6 for the covenant requirements). Targeted solvency is set at, at least 33.3%. The targeted solvency includes the impact of IFRS 16. The solvency at the end of 2022 was 51.0% (2021: 46.3%). The Group\u2019s objective is to achieve a healthy return on shareholders\u2019 equity. As a result, the return, calculated as profit (loss) for the period attributable to owners of the company, divided by the total equity attributable to owners of the company for the year, is 7.03% (positive) in 2022 (2021: 8.4% positive). From time-to-time Fugro purchases its own shares. These shares are used to cover the long-term incentives granted by Fugro. Purchase and sale decisions are made on a specific transaction basis by the Board of Management. Fugro does not have a defined share buy-back plan.There were no changes to the Group\u2019s approach to capital management during the year.",
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    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-130-11": {
   "value": "25.  TRADE AND OTHER RECEIVABLESTrade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient when it is expected, at contract inception, that the period between when the Group transfers the promised goods or services and when the customers pays for this good or service is one year or less, are measured at the transaction price determined under IFRS 15. Other receivables are recognised initially at fair value plus any directly attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method less, any impairment losses.Unbilled revenue on (completed) projects represents the gross amount expected to be collected from customers for contract work performed to date (a contract asset). It is measured at costs incurred plus profits recognised to date less progress billings and recognised losses. Generally, unbilled revenue on (completed) projects is invoiced to customers in the period following the execution of work. Subsequently, trade receivables are paid by customers in accordance with their respective payment term. The contracts in progress for which this amount exceeds progress billings are presented as unbilled revenue on (completed) projects. The contracts in progress for which progress billing exceeds costs incurred plus profits recognised to date less progress billings and recognised losses are presented as advance instalments to work in progress.The Group applies the Expected Credit Loss (ECL) model. For trade receivables and unbilled revenue on (completed) contracts, the Group applies a simplified approach in calculating ECLs. Therefore, the Group does not track changes in credit risk, but instead recognises a loss allowance based on lifetime ECLs at each reporting date. Refer to note 34.2 Credit risk for details on how the Group applies the ECL model.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-130-12": {
   "value": "25.  TRADE AND OTHER RECEIVABLESThe Group applies the Expected Credit Loss (ECL) model. For trade receivables and unbilled revenue on (completed) contracts, the Group applies a simplified approach in calculating ECLs. Therefore, the Group does not track changes in credit risk, but instead recognises a loss allowance based on lifetime ECLs at each reporting date. Refer to note 34.2 Credit risk for details on how the Group applies the ECL model.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-133-9": {
   "value": "The Group applies the Expected Credit Loss (ECL) model. For trade receivables and unbilled revenue on (completed) contracts, the Group applies a simplified approach in calculating ECLs. Therefore, the Group does not track changes in credit risk, but instead recognises a loss allowance based on lifetime ECLs at each reporting date. Refer to note 34.2 Credit risk for details on how the Group applies the ECL model.Impairment lossesTrade receivables were impaired taking into account the financial position of the debtors, the days outstanding, the expected outcome of negotiations and legal proceedings against debtors and probabilities of default. Unbilled revenue on (completed) projects does not include (material) impairment losses which is similar to previous year. The ageing of trade receivables and unbilled revenue on (completed) contracts at the reporting date is as follows:(EUR x 1,000) 2022Estimated total gross carrying Expected amount at Expectedcredit loss Statusdefaultcredit lossrate %Past due for 0 to 30 days Fully performing 403,381 292 0.07Not (materially) Past due for 31 to 60 daysimpaired 53,261 480 0.90Not (materially) Past due for 61 to 90 daysimpaired 18,243 86 0.47Past due for over 90 days (Materially) impaired 33,559 13,565 40.42Retentions and special items 14,498 568 3.92Balance at 31 December 522,942 14,991(EUR x 1,000) 2021Estimated total gross carrying Expected amount at Expectedcredit loss Statusdefaultcredit lossrate %Past due for 0 to 30 days Fully performing 353,829 95 0.03Not (materially) Past due for 31 to 60 daysimpaired 34,286 998 2.91Not (materially) Past due for 61 to 90 daysimpaired 8,968 552 6.16Past due for over 90 days (Materially) impaired 35,281 13,711 38.86Retentions and special items 9,111 82 0.90Balance at 31 December 441,475 15,438The movement in the allowance for impairment in respect of trade receivables and unbilled revenue on (completed) contracts during the year was as follows:(EUR x 1,000) 2022 2021Balance at 1 January 15,438 16,835Impairment loss recognised 2,918 4,144Impairment loss reversed (2,003) (1,861)Write-off (1,972) (4,767)Effect of movements in exchange rates 610 1,087Balance at 31 December 14,991 15,438The allowance account with respect to trade receivables and unbilled revenue on (completed) contracts are used to record impairment losses unless the Group is satisfied that no recovery of the amount owing is possible. At that point the amount considered irrecoverable is written off directly against the allowance. The changes in the aforementioned balances contributed to changes in the loss allowance. Consistent with prior year, there are no material trade receivables which were written off during 2022 and which are still subject to enforcement activity.34.2  Credit riskCredit risk is the risk of financial loss to the group if a customer or counterparty to a financial instrument fails to meet its contractual obligations and arises principally from the group\u2019s receivables from customers and unbilled revenue on (completed) contracts.With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus, (in the case of a financial asset not at fair value through profit or loss), transaction costs.The Group considers the probability of default upon initial recognition of an asset and whether there has been a significant increase in credit risk on an ongoing basis throughout each reporting period. To assess whether there is a significant increase in credit risk the company compares the risk of a default occurring on the asset as at the reporting date with the risk of default as at the date of initial recognition. It considers available reasonable and supportive forwarding-looking information. The Group applies the low credit risk simplification to long-term loans, deposits and other long-term receivables and recognises an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss.ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms (insofar applicable).The Board of Management reviews the outstanding trade receivables and unbilled revenue on (completed) contracts on an ongoing basis. Local management is requested to take additional precaution in working with certain clients. For trade receivables and unbilled revenue on (completed) contracts, the Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. Generally, trade receivables are fully impaired if past due more than 1.5 year and are not subject to enforcement activity. The provision rates are based on days past due for customers. The Group considered various customer segments that have similar loss patterns (i.e., by geography, service/product type, industry, customer type and rating, and coverage from credit insurance where applicable). The ageing is based on invoice due date. The provision matrix is initially based on the Group\u2019s historical observed default rates. The Group calibrates the matrix to adjust the historical credit loss experience with forward-looking information considering current market conditions at the reporting date. A trade receivable is written off when there is no reasonable expectation of recovering the contractual cash flows. The assessment of the correlation between historical observed default rates, forecast economic conditions and ECLs is an estimate. The sensitivity of the amount of ECLs to changes in circumstances and of forecast economic conditions is limited. The Group\u2019s historical credit loss experience and forecast of economic conditions may not be representative of customer\u2019s actual default in the future. The Group does not provide detailed information on (a) the estimation techniques and inputs used, (b) how the forecast economic conditions have been incorporated in the determination of ECL and (c) changes in estimation techniques and inputs used, because the impact is not significant.Some of the Group\u2019s orders are awarded on the basis of long-term preferred supplier agreements. In the course of a year Fugro often carries out multiple projects for the same client. Fugro typically has no single client that generates more than 5% of its revenue in the year. On occasion one client may generate more than 5%, which can happen in case of exceptionally large contracts where most of the revenue falls in the accounting year. Having a large number of clients and short project time spans mitigates Fugro\u2019s credit risk as the individual amounts receivable from the same client are limited.New customers are analysed individually for creditworthiness before payment and delivery terms and conditions are offered. The Group\u2019s review may include external ratings, where available, and in some cases bank references. Customers that fail to meet the Group\u2019s benchmark creditworthiness may transact with the Group only on a prepayment basis or have to provide a bank guarantee.The majority of the Group\u2019s clients has done business with the Group for many years and significant losses have only occurred incidentally in prior years. Clients that are known to have negative credit characteristics are individually monitored by the group controllers. If clients fail to pay timely the Group re-assesses the creditworthiness and stronger debt collection is started if deemed necessary. The Group closely monitors certain clients that need extra attention before a contract is closed.For other financial assets, ECLs are recognised in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). The Group considers that there has been a significant increase in credit risk when contractual payments are more than 30 days past due. For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL). The Group considers a financial asset in default when contractual payments are 90 days past due. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements (insofar applicable) held by the Group. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows. A financial asset is \u2018credit-impaired\u2019 when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred.The Group has no significant lease arrangements in which it is a lessor.The Group\u2019s carrying amount of cash and cash equivalents represents its maximum credit exposure on these assets. The cash and cash equivalents are held with bank and financial institution counterparties, which have \u2018investment grade\u2019 credit ratings.Credit risk exposureThe maximum exposure to credit risk at the reporting date is the carrying amount of each class of financial assets (such as loans, deposits, receivables and unbilled revenue on completed projects). The group holds no collateral as security on the long-term loans, deposits, other long-term receivables, trade and other receivables and unbilled revenue on (completed) contracts. As such, the Group does not have financial assets for which no loss allowance is recognised because of collateral. The maximum exposure for trade receivables and unbilled revenue on (completed) contracts at the reporting date by geographic region is disclosed in the segment reporting note and equals the carrying amount.There was no visible impact of macroeconomic events arising in 2022 on the Group\u2019s credit risk exposure. Furthermore, no material change to ECLs on trade receivables outstanding with customers and unbilled revenue on (completed) projects was deemed necessary.Refer to note 25 Trade and other receivables for details on the ageing and recoverability of trade receivables and unbilled revenues.Cash and cash equivalents are generally held with large well-known banks with adequate credit ratings only.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-138-3": {
   "value": "26.  CASH AND CASH EQUIVALENTSThe cash and cash equivalents disclosed above and in the consolidated statement of cash flows include EUR 9.4 million (31 December 2021: EUR 8.8 million) of Angolan Kwanza\u2019s and EUR 6.9 million (31 December 2021: EUR 6.8 million) of Nigerian Naira where exchange controls apply (these balances are considered trapped cash). These trapped cash balances are not available for general use by other entities within the group.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-138-4": {
   "value": "26.  CASH AND CASH EQUIVALENTSIn the consolidated statement of cash flows, cash and cash equivalents include cash in hand and call deposits. Bank overdrafts that are repayable on demand and which form an integral part of the Group\u2019s cash management are included as a component of cash and cash equivalents for the purpose of the consolidated statement of cash flows. Bank overdrafts are shown within the current liabilities in the consolidated statement of financial position.(EUR x 1,000) 2022 2021Cash and cash equivalents  209,090 148,956Bank overdraft  (2,059) (1,824)Cash and cash equivalents in the consolidated statement of cash flows 207,031 147,132The cash and cash equivalents disclosed above and in the consolidated statement of cash flows include EUR 9.4 million (31 December 2021: EUR 8.8 million) of Angolan Kwanza\u2019s and EUR 6.9 million (31 December 2021: EUR 6.8 million) of Nigerian Naira where exchange controls apply (these balances are considered trapped cash). These trapped cash balances are not available for general use by other entities within the group.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-138-6": {
   "value": "26.  CASH AND CASH EQUIVALENTSIn the consolidated statement of cash flows, cash and cash equivalents include cash in hand and call deposits. Bank overdrafts that are repayable on demand and which form an integral part of the Group\u2019s cash management are included as a component of cash and cash equivalents for the purpose of the consolidated statement of cash flows. Bank overdrafts are shown within the current liabilities in the consolidated statement of financial position.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-142-3": {
   "value": "27.  TOTAL EQUITYShare capital is classified as equity. The term \u2018shares\u2019 as used in the financial statements pertain to ordinary shares and preference shares of Fugro N.V. Ordinary shares of Fugro N.V. are listed and traded on the Euronext Amsterdam stock exchange. The surplus paid by shareholders above the nominal value of shares is recognised as share premium. Incremental costs directly attributable to the issue of ordinary shares and share options are recognised as a deduction from equity, net of any tax effects.27.1  Share capital and share premiumOn 28 July 2022, Fugro issued 10,319,036 new ordinary shares as part of a sub-10 offering through an accelerated bookbuild, which were delivered to subscribing investors and listed and admitted to trading on Euronext Amsterdam on the same date. As a result, Fugro\u2019s issued share capital increased from 103,190,366 to 113,509,402 shares. The issued shares are as follows:(Numbers of shares) Ordinary shares  Preference shares2022 2021 2022 2021In issue at 1 January 103,190,366 103,190,366- -Issued for cash 10,319,036- - -In issue at 31 December \u2013 fully paid 113,509,402 103,190,366- -Authorised at 31 December \u2013 nominal value ordinary shares EUR 0.05 and nominal value preference shares  EUR 0.05 in 2022    180,000,000 180,000,000    220,000,000    220,000,000Consistent with last year, there are no shares issued which are not fully paid. On  31 December 2022, the authorised share capital amounts to EUR 20 million (2021:  EUR 20 million), consisting of ordinary shares and various types of preference shares. On 31 December 2022, the issued share capital amounted to EUR 5.7 million (2021:  EUR 5.2 million).Ordinary sharesHolders of ordinary shares are entitled to dividends as declared from time to time and are entitled to one vote per share at general meetings of the company. All rights attached to the company\u2019s shares held by the Group are suspended until those shares are transferred to a party outside the Group.Preference sharesNo preference shares have been issued. Fugro\u2019s articles of association as at 31 December 2022 provide the foundation Stichting Beschermingspreferente aandelen Fugro with a right to exercise a call option on protective preference shares.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-142-4": {
   "value": "27.  TOTAL EQUITY27.2  Translation reserveThe translation reserve comprises all foreign currency differences arising from the translation of the financial statements of foreign operations. The translation reserve also includes the translation of liabilities that hedge the company\u2019s net investment in a foreign subsidiary (prior to the discontinuance of net investment hedging in December 2020).27.3  Reserve for own sharesFugro has not purchased own shares to cover its long-term incentive plan in 2022 (2021: nil). In 2022, 97,199 shares were used (2021: 94,124 pre-share consolidation). As per 31 December 2022, Fugro holds 1,586,549 own shares (2021: 1,683,748) with respect to the long-term incentive plan and subordinated unsecured convertible bonds. This was 1.4% of the issued capital (2021: 1.6%).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-142-5": {
   "value": "27.  TOTAL EQUITYFugro purchases and sells own shares in relation to the long term incentive plans. Own shares which have been repurchased are held in treasury and are deducted from and presented within equity in a separate \u2018reserve for own shares\u2019 on a cost basis. Own shares are recorded at cost, representing the market price paid on the acquisition date. When reissued under the long term incentive plan, shares are removed from the reserve for own shares on a first-in, first-out (FIFO) basis. The difference between the cost and the cash received is recorded in retained earnings.27.3  Reserve for own sharesFugro has not purchased own shares to cover its long-term incentive plan in 2022 (2021: nil). In 2022, 97,199 shares were used (2021: 94,124 pre-share consolidation). As per 31 December 2022, Fugro holds 1,586,549 own shares (2021: 1,683,748) with respect to the long-term incentive plan and subordinated unsecured convertible bonds. This was 1.4% of the issued capital (2021: 1.6%).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-142-6": {
   "value": "27.  TOTAL EQUITYDividends are recognised as a liability in the period in which they are declared.27.4  Unappropriated resultNo dividend is proposed to be paid-out for 2022. Refer to note 34 Financial risk management for dividend restrictions.34.  FINANCIAL RISK MANAGEMENT34.5  Capital managementThe Board of Management\u2019s policy is to maintain a strong capital base in order to retain investor, creditor and market confidence and to sustain future development of the business. Capital consists of share capital, retained earnings and non-controlling interests of the Group. Important key performance indicators for the Board of Management are free cash flow, the return on capital as well as the level of dividends. The Board strives for a dividend pay-out ratio of 35 to 55% of net result. Subsequent to the refinancing in 2020 dividend payments are restricted. Over 2022 no dividends will be paid. Dividends may only be paid if net leverage is structually equal to or less than 2.5 times and a maximum of 60% of net profit (refer to 30.6 for the covenant requirements). Targeted solvency is set at, at least 33.3%. The targeted solvency includes the impact of IFRS 16. The solvency at the end of 2022 was 51.0% (2021: 46.3%). The Group\u2019s objective is to achieve a healthy return on shareholders\u2019 equity. As a result, the return, calculated as profit (loss) for the period attributable to owners of the company, divided by the total equity attributable to owners of the company for the year, is 7.03% (positive) in 2022 (2021: 8.4% positive). From time-to-time Fugro purchases its own shares. These shares are used to cover the long-term incentives granted by Fugro. Purchase and sale decisions are made on a specific transaction basis by the Board of Management. Fugro does not have a defined share buy-back plan.There were no changes to the Group\u2019s approach to capital management during the year.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-142-8": {
   "value": "27.  TOTAL EQUITYShare capital is classified as equity. The term \u2018shares\u2019 as used in the financial statements pertain to ordinary shares and preference shares of Fugro N.V. Ordinary shares of Fugro N.V. are listed and traded on the Euronext Amsterdam stock exchange. The surplus paid by shareholders above the nominal value of shares is recognised as share premium. Incremental costs directly attributable to the issue of ordinary shares and share options are recognised as a deduction from equity, net of any tax effects.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-142-9": {
   "value": "27.  TOTAL EQUITYDividends are recognised as a liability in the period in which they are declared.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-142-10": {
   "value": "27.  TOTAL EQUITYFugro purchases and sells own shares in relation to the long term incentive plans. Own shares which have been repurchased are held in treasury and are deducted from and presented within equity in a separate \u2018reserve for own shares\u2019 on a cost basis. Own shares are recorded at cost, representing the market price paid on the acquisition date. When reissued under the long term incentive plan, shares are removed from the reserve for own shares on a first-in, first-out (FIFO) basis. The difference between the cost and the cash received is recorded in retained earnings.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-150-2": {
   "value": "28.  BASIC AND DILUTED EARNINGS PER SHAREBasic EPS is calculated by dividing the profit or loss for the year attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year. Diluted EPS is calculated by dividing the profit or loss attributable to ordinary equity holders of the parent adjusted for the effect of dilutive potential ordinary shares by the weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares. Fugro considers the following four categories of potential ordinary shares: convertible bonds, share options, restricted share units and performance shares.The calculation of basic and diluted EPS has been based on the following profit (loss) attributable to ordinary shareholders and weighted average number of ordinary shares outstanding. For diluted EPS, adjustments for the effects of dilutive potential ordinary shares are made.(EUR x 1,000) 2022 2021Discon-Discon-Continuing tinued Continuing tinued operationsoperations Totaloperationsoperations TotalNet income (loss) attributable to  equity holders of  the parent (Euro) 74,127-74,127  59,636  11,487  71,123Reconciling items numerator basic EPS- - - - - -Profit (loss)  attributable to ordinary shareholders (basic) 74,127-74,127  59,636  11,487  71,123Effects of dilutive potential ordinary shares- - - - - -Profit (loss)  attributable to ordinary shareholders (diluted) 74,127-74,127  59,636  11,487  71,123Number of shares 2022 2021Outstanding number of ordinary shares at 1 January 101,506,618 101,412,494Effect of delivery of treasury shares for share-based payment plans 65,330 79,167Effect of shares issued during the year 4,438,599-Weighted average number of ordinary shares at 31 December (basic) 106,010,547 101,491,661Effects of conversion of convertible bonds- -Effects of share options on issue- -Effects of restricted shares on issue 221,566 88,640Effects of performance shares on issue 374,838 197,692Weighted average number of ordinary shares at 31 December (diluted) 106,606,951 101,777,993The convertible bonds, the share options, restricted shares and performance share on issue, could have an impact on the weighted average number of (diluted) ordinary shares. For convertible bonds and share options, the conversion to ordinary shares would not decrease earnings per share or increase loss per share and as such they have not been treated as dilutive.To calculate the EPS for discontinued operations, the weighted average of ordinary shares for both basic and diluted EPS is per the tables above.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-150-4": {
   "value": "28.  BASIC AND DILUTED EARNINGS PER SHAREBasic EPS is calculated by dividing the profit or loss for the year attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year. Diluted EPS is calculated by dividing the profit or loss attributable to ordinary equity holders of the parent adjusted for the effect of dilutive potential ordinary shares by the weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares. Fugro considers the following four categories of potential ordinary shares: convertible bonds, share options, restricted share units and performance shares.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-154-2": {
   "value": "29.  NON CONTROLLING INTERESTThe total non-controlling interest as at 31 December 2022 is EUR 11,269 thousand (surplus), of which EUR 10,455 thousand (surplus) is attributable to Fugro-Suhaimi Ltd. The non-controlling interest of other subsidiaries is insignificant. During the course of the year EUR 4,635 thousand (2021: EUR 2,898 thousand) was paid as dividends to non-controlling interest shareholders, also mainly related to Fugro-Suhaimi Ltd (Suhaimi).Summarised financial information on subsidiaries with material non-controlling interestsSet out below is the summarised financial information of Fugro-Suhaimi Ltd (Suhaimi) that has a material non-controlling interest to the Group. Fugro-Suhaimi Ltd. provides a range of engineering, testing and consultancy services to the oil and gas, energy, mining and construction industries. The non-controlling interest in Fugro-Suhaimi is 50%, which also represents 50% of the companies\u2019 voting rights in the general meeting of shareholders.Fugro controls the operations and management of Suhaimi as it directs the relevant revenue generating activities of this company. Fugro also determines the strategy, policies and day-to-day business of Suhaimi. Therefore, this subsidiary, with a significant non-controlling interest, is fully consolidated into the Group\u2019s financial statements. The shareholders of Suhaimi have certain customary rights on certain key decisions, such as decisions on the declaration and payment of dividend and any significant change to the scope of the business. These rights are considered as protective in nature and normally go beyond the normal scope of business. Such decisions do not affect Fugro\u2019s ability to control the activities of Suhaimi.Summarised balance sheet(EUR x 1,000) Fugro-Suhaimi Ltd.As at 31 December2022 2021CurrentAssets 53,684 34,786Liabilities (39,983) (23,690)Total current net assets 13,701 11,096Non-currentAssets 13,412 12,827Liabilities (6,203) (5,165)Total non-current net assets 7,209 7,662Net assets 20,910 18,758NCI percentage 50% 50%Carrying amount of NCI 10,455 9,379Summarised income statement(EUR x 1,000) Fugro-Suhaimi Ltd. For period ended 31 December2022 2021Revenue 49,923 39,136Profit/(loss) before income tax 10,211 5,557Income tax (expense)/income- -Post-tax profit/(loss) from continuing operations 10,211 5,557Other comprehensive income- -Total comprehensive income/(loss) 10,211 5,557Total comprehensive income/(loss) allocated to non-controlling interests 5,106 2,779Dividends paid to non-controlling interests 4,400 2,898Summarised cash flows(EUR x 1,000) Fugro-Suhaimi Ltd.For period ended 31 December 2022 2021Net cash generated from operating activities 11,382 7,317Net cash used in investing activities (1,114) (1,421)Net cash used in financing activities (5,050) (5,796)Net increase in cash and cash equivalents and bank overdrafts 5,218 100Cash, cash equivalents and bank overdrafts at beginning of year 3,896 3,476Exchange gains/(losses) on cash and cash equivalents 162 320Cash and cash equivalents and bank overdrafts at end of year 9,276 3,896The amounts above are before intercompany eliminations.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-157-3": {
   "value": "3<span class=\"_ _1\"/>0. <span class=\"_ _d\"> </span><span class=\"ff5 fs6 lsf7 ws3d\">F<span class=\"_ _1\"/>INANCIAL LIABILITIES</span>The G<span class=\"_ _1\"/>roup\u2019s financial liabilities consist of loans and b<span class=\"_ _1\"/>orrow<span class=\"_ _1\"/>ings, lease liabiliti<span class=\"_ _1\"/>es, bank overdraf<span class=\"_ _1\"/>t<span class=\"_ _1\"/>s, tr<span class=\"_ _1\"/>ade and oth<span class=\"_ _1\"/>er payables<span class=\"_ _1\"/>, other t<span class=\"_ _1\"/>axes and so<span class=\"_ _1\"/>cial securit<span class=\"_ _1\"/>y contr<span class=\"_ _1\"/>ibutions. All f<span class=\"_ _1\"/>inancial liabilities are re<span class=\"_ _1\"/>cognised initially at f<span class=\"_ _1\"/>air value and<span class=\"_ _1\"/>, in the case of loans and bor<span class=\"_ _1\"/>rowings and pay<span class=\"_ _1\"/>ables, n<span class=\"_ _1\"/>et of direc<span class=\"_ _1\"/>tly att<span class=\"_ _1\"/>ributabl<span class=\"_ _1\"/>e transac<span class=\"_ _1\"/>tion cost<span class=\"_ _1\"/>s. Af<span class=\"_ _1\"/>ter initial recogni<span class=\"_ _1\"/>tion, interes<span class=\"_ _1\"/>t<span class=\"_ _7\"/>-b<span class=\"_ _1\"/>earing loans and b<span class=\"_ _1\"/>orro<span class=\"_ _1\"/>wings are subsequentl<span class=\"_ _1\"/>y measured at amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost us<span class=\"_ _6\"/>ing the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest r<span class=\"_ _1\"/>ate metho<span class=\"_ _1\"/>d. Gains and losses are r<span class=\"_ _1\"/>ecognisedin profit o<span class=\"_ _1\"/>r loss when th<span class=\"_ _1\"/>e liabilities are dere<span class=\"_ _1\"/>cognised. T<span class=\"_ _1\"/>he ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest r<span class=\"_ _1\"/>ate amor<span class=\"_ _1\"/>tisatio<span class=\"_ _1\"/>n is included as f<span class=\"_ _1\"/>inance c<span class=\"_ _6\"/>osts in t<span class=\"_ _1\"/>he stateme<span class=\"_ _1\"/>nt of c<span class=\"_ _6\"/>ompreh<span class=\"_ _1\"/>ensive income. Amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ised cost is calculated by t<span class=\"_ _1\"/>aking into account any di<span class=\"_ _6\"/>scount or premium on acquisition and fe<span class=\"_ _1\"/>es or costs that are an inte<span class=\"_ _1\"/>gral par<span class=\"_ _1\"/>t of the ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interes<span class=\"_ _1\"/>t rate. The f<span class=\"_ _1\"/>air value of the liab<span class=\"_ _1\"/>ility p<span class=\"_ _1\"/>or<span class=\"_ _1\"/>tion of a conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>ond is initially de<span class=\"_ _1\"/>termined using amarket interest r<span class=\"_ _1\"/>ate for an equiv<span class=\"_ _1\"/>alent non-conver<span class=\"_ _1\"/>t<span class=\"_ _1\"/>ible bond at t<span class=\"_ _1\"/>he issue date. This amount is re<span class=\"_ _1\"/>corded as a liabilit<span class=\"_ _1\"/>y on an amor<span class=\"_ _1\"/>tise<span class=\"_ _1\"/>d cost basi<span class=\"_ _6\"/>s until ex<span class=\"_ _1\"/>tinguished on conv<span class=\"_ _6\"/>ersion, redemption, or matu<span class=\"_ _6\"/>rity of the bonds. The remainder o<span class=\"_ _7\"/>f the proceeds is allocated t<span class=\"_ _6\"/>o the con<span class=\"_ _6\"/>version option. Thi<span class=\"_ _7\"/>s is recogni<span class=\"_ _6\"/>sed and incl<span class=\"_ _6\"/>uded in s<span class=\"_ _6\"/>hareholders\u2019 equit<span class=\"_ _1\"/>y (in a sep<span class=\"_ _1\"/>arate categ<span class=\"_ _1\"/>or<span class=\"_ _1\"/>y \u2018equit<span class=\"_ _1\"/>y component of conver<span class=\"_ _1\"/>tibl<span class=\"_ _1\"/>e bonds\u2019<span class=\"_ _1\"/>), net of income tax ef<span class=\"_ _1\"/>fe<span class=\"_ _1\"/>ct<span class=\"_ _1\"/>s and is not subsequently r<span class=\"_ _1\"/>emeasured. T<span class=\"_ _1\"/>his remaining equit<span class=\"_ _1\"/>y compon<span class=\"_ _1\"/>ent is transferred to r<span class=\"_ _6\"/>etained earnin<span class=\"_ _6\"/>gs upon repu<span class=\"_ _6\"/>rchas<span class=\"_ _6\"/>e or repaymen<span class=\"_ _6\"/>t of c<span class=\"_ _7\"/>onver<span class=\"_ _1\"/>tible bonds.The G<span class=\"_ _1\"/>roup has not designated any f<span class=\"_ _1\"/>inancial liabilit<span class=\"_ _1\"/>y as at fair value t<span class=\"_ _1\"/>hrough prof<span class=\"_ _1\"/>it or loss<span class=\"_ _1\"/>.The G<span class=\"_ _1\"/>roup dere<span class=\"_ _1\"/>cognises a financial liabilit<span class=\"_ _1\"/>y wh<span class=\"_ _1\"/>en its contr<span class=\"_ _1\"/>actua<span class=\"_ _1\"/>l obligations are discharged<span class=\"_ _1\"/>, cancelle<span class=\"_ _1\"/>d or expire<span class=\"_ _1\"/>d. Wh<span class=\"_ _1\"/>en an existing f<span class=\"_ _1\"/>inancial liabilit<span class=\"_ _1\"/>y is replaced by anothe<span class=\"_ _1\"/>r from the s<span class=\"_ _1\"/>ame lende<span class=\"_ _1\"/>r on substantially dif<span class=\"_ _1\"/>ferent terms<span class=\"_ _1\"/>, or the ter<span class=\"_ _1\"/>ms of an existing liabilit<span class=\"_ _1\"/>y are substant<span class=\"_ _1\"/>ially modif<span class=\"_ _1\"/>ied, such an exc<span class=\"_ _1\"/>hange or mo<span class=\"_ _1\"/>dificatio<span class=\"_ _1\"/>n is treated as the der<span class=\"_ _1\"/>ecognitio<span class=\"_ _1\"/>n of the original liabilit<span class=\"_ _1\"/>y and t<span class=\"_ _1\"/>he recognit<span class=\"_ _1\"/>ion of a new liabilit<span class=\"_ _1\"/>y. The dif<span class=\"_ _1\"/>feren<span class=\"_ _1\"/>ce in the respec<span class=\"_ _1\"/>tive c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unts is recognise<span class=\"_ _1\"/>d in the stateme<span class=\"_ _1\"/>nt of prof<span class=\"_ _1\"/>it or loss<span class=\"_ _1\"/>.Financial assets an<span class=\"_ _1\"/>d liabilities are of<span class=\"_ _1\"/>fset and t<span class=\"_ _1\"/>he net amount pres<span class=\"_ _1\"/>ented in the st<span class=\"_ _1\"/>atement of financial p<span class=\"_ _1\"/>osition whe<span class=\"_ _1\"/>n, and onl<span class=\"_ _1\"/>y when, t<span class=\"_ _1\"/>he Group has a curr<span class=\"_ _1\"/>ently enforceabl<span class=\"_ _1\"/>e legal right to of<span class=\"_ _1\"/>fset th<span class=\"_ _1\"/>e recognised am<span class=\"_ _1\"/>ounts and intends eit<span class=\"_ _1\"/>her to set<span class=\"_ _1\"/>tle on a ne<span class=\"_ _1\"/>t basis or to realise the asset and s<span class=\"_ _1\"/>ettl<span class=\"_ _1\"/>e the liabilit<span class=\"_ _1\"/>y simultaneo<span class=\"_ _1\"/>usly<span class=\"_ _7\"/>.3<span class=\"_ _1\"/>0.1 <span class=\"_ _d\"> </span><span class=\"ff2 fs3 ls15c ws16a\">L<span class=\"_ _1\"/>oans<span class=\"_ _7\"/> and borrowings</span>(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _1b9\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _89\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span></span>Supe<span class=\"_ _1\"/>r senior re<span class=\"_ _1\"/>volving c<span class=\"_ _1\"/>redit f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y of EU<span class=\"_ _1\"/>R 25<span class=\"_ _1\"/>0 millio<span class=\"_ _1\"/>n-12,521Senior term loan<span class=\"_ _6\"/> of EUR 20<span class=\"_ _1\"/>0 mil<span class=\"_ _6\"/>lion<span class=\"_ _1f5\"> </span><span class=\"ls43 ws4b\">20<span class=\"_ _1\"/>0,234</span>-Super senior<span class=\"_ _6\"/> term loan o<span class=\"_ _6\"/>f EUR 20<span class=\"_ _1\"/>0 mill<span class=\"_ _6\"/>ion-186,217Nine hun<span class=\"_ _1\"/>dred and te<span class=\"_ _1\"/>n subordinated uns<span class=\"_ _1\"/>ecured conv<span class=\"_ _1\"/>er<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds of EU<span class=\"_ _1\"/>R 10<span class=\"_ _1\"/>0<span class=\"_ _1\"/>,<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 (issued in 2<span class=\"_ _1\"/>01<span class=\"_ _1\"/>7<span class=\"_ _1\"/>)<span class=\"_ _259\"> </span>40,348<span class=\"_ _22\"> </span><span class=\"ff8 fc14\">92,123</span>Other loans and<span class=\"_ _6\"/> long-<span class=\"_ _6\"/>term borrowings<span class=\"_ _25a\"> </span><span class=\"ls2 ws2\">4,886<span class=\"_ _87\"> </span><span class=\"ff8 fc14\">1,5<span class=\"_ _1\"/>58</span></span>Subto<span class=\"_ _1\"/>tal<span class=\"_ _1bf\"> </span><span class=\"ls2 ws2\">245,468<span class=\"_ _17b\"> </span><span class=\"fc14\">292,419</span></span>Less: cur<span class=\"_ _1\"/>rent po<span class=\"_ _1\"/>r<span class=\"_ _1\"/>tion of loa<span class=\"_ _1\"/>ns and bor<span class=\"_ _1\"/>rowings<span class=\"_ _1d\"> </span>(3,801)<span class=\"_ _86\"> </span><span class=\"ff8 fc14\">(93,241)</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _25b\"> </span>241,667<span class=\"_ _c0\"> </span><span class=\"fc14\">199,178</span>T<span class=\"_ _7\"/>er<span class=\"_ _1\"/>ms a<span class=\"_ _6\"/>nd debt rep<span class=\"_ _6\"/>ayment s<span class=\"_ _6\"/>cheduleT<span class=\"_ _7\"/>er<span class=\"_ _1\"/>ms<span class=\"_ _6\"/> and c<span class=\"_ _6\"/>onditions<span class=\"_ _6\"/> of outstandi<span class=\"_ _6\"/>ng loans<span class=\"_ _6\"/> were as<span class=\"_ _6\"/> follows:(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _25c\"> </span><span class=\"ff1 fs3 ls1db ws1e1\">2022<span class=\"_ _9a\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span></span>Year of  Ca<span class=\"_ _1\"/>rr<span class=\"_ _1\"/>yi<span class=\"_ _1\"/>ng Ca<span class=\"_ _1\"/>rr<span class=\"_ _1\"/>yi<span class=\"_ _1\"/>ng Curr<span class=\"_ _1\"/>ency<span class=\"_ _f0\"> </span><span class=\"ls1b5 ws1b9\">N<span class=\"_ _1\"/>ominal<span class=\"_ _6\"/> interest rate</span>maturit<span class=\"_ _1\"/>y<span class=\"_ _9\"> </span><span class=\"ls1b5 ws1b9\">Face value</span>value<span class=\"_ _9\"> </span>Face valuevalueSeni<span class=\"_ _1\"/>or RCF of<span class=\"_ _1\"/> EUR 1<span class=\"_ _1\"/>4<span class=\"_ _1\"/>0 million and a<span class=\"_ _1\"/>ncillar<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y of EU<span class=\"_ _1\"/>R 6<span class=\"_ _1\"/>0 million<span class=\"_ _a1\"> </span>EUR<span class=\"_ _1\"/>/Variable   <span class=\"_ _1e7\"> </span><span class=\"ff8 ws2\">EURIBOR + 1.75<span class=\"_ _0\"/>% \u2013 3.75<span class=\"_ _1\"/>% <span class=\"_ _3\"/> <span class=\"_ _20\"> </span><span class=\"ws201\">2<span class=\"_ _1\"/>025   </span></span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _e3\"> </span><span class=\"ff8 fc14\">-<span class=\"_ _a0\"> </span>-</span>Supe<span class=\"_ _1\"/>r senior re<span class=\"_ _1\"/>volving c<span class=\"_ _1\"/>redit f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y of EU<span class=\"_ _1\"/>R 25<span class=\"_ _1\"/>0 millio<span class=\"_ _1\"/>n<span class=\"_ _17d\"> </span>EUR<span class=\"_ _e9\"> </span><span class=\"ff8\">EURIBOR +2.75<span class=\"_ _1\"/>%</span>-5.50<span class=\"_ _0\"/>%<span class=\"_ _89\"> </span>2<span class=\"_ _1\"/>023-<span class=\"_ _e3\"> </span>-12,500<span class=\"_ _1c9\"> </span>12,521Senior term loan<span class=\"_ _6\"/> of EUR 20<span class=\"_ _1\"/>0 mil<span class=\"_ _6\"/>lion<span class=\"_ _25d\"> </span><span class=\"ls2 ws201\">EUR   <span class=\"_ _ed\"> </span><span class=\"ff8 ws2\">EURIBOR +3.25<span class=\"_ _0\"/>%</span></span>- +5.00<span class=\"_ _0\"/>%<span class=\"_ _92\"> </span><span class=\"ws201\">202<span class=\"_ _1\"/>5   <span class=\"_ _10b\"> </span><span class=\"ff4 ls167 wsc4\">200,000<span class=\"_ _d0\"> </span><span class=\"ls43 ws4b\">200,234</span></span></span>-<span class=\"_ _e3\"> </span>-Super senior<span class=\"_ _6\"/> term loan o<span class=\"_ _6\"/>f EUR 20<span class=\"_ _1\"/>0 mill<span class=\"_ _6\"/>ion<span class=\"_ _109\"> </span><span class=\"ls2 ws201\">EUR   <span class=\"_ _f5\"> </span><span class=\"ff8 ws2\">EURIBOR +5.50<span class=\"_ _1\"/>%</span></span>- +8.00<span class=\"_ _0\"/>%<span class=\"_ _89\"> </span><span class=\"ws201\">2<span class=\"_ _1\"/>023   </span>-<span class=\"_ _e3\"> </span>-188,000<span class=\"_ _6f\"> </span>186,217Subo<span class=\"_ _1\"/>rdinated unsecur<span class=\"_ _1\"/>ed conver<span class=\"_ _1\"/>tibl<span class=\"_ _1\"/>e bonds of E<span class=\"_ _1\"/>UR 1<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 million (<span class=\"_ _1\"/>issued 20<span class=\"_ _1\"/>17<span class=\"_ _1\"/>)<span class=\"_ _73\"> </span>EUR  <span class=\"_ _3e\"> </span><span class=\"ff8\">4.50<span class=\"_ _0\"/>%  <span class=\"_ _1c9\"> </span>2<span class=\"_ _1\"/>024  <span class=\"_ _fa\"> </span></span>42,5<span class=\"_ _1\"/>00<span class=\"_ _b4\"> </span>40,34<span class=\"_ _1\"/>8<span class=\"_ _39\"> </span><span class=\"ff8 fc14\">100,00<span class=\"_ _1\"/>0<span class=\"_ _6e\"> </span>92,123</span>Other long-term<span class=\"_ _6\"/> loans<span class=\"_ _1ba\"> </span><span class=\"ls2 ws2\">V<span class=\"_ _7\"/>ariable<span class=\"_ _25e\"> </span><span class=\"ff8\">4<span class=\"_ _1\"/>% </span></span>- 5.51<span class=\"_ _1\"/>%<span class=\"_ _58\"> </span>2023-2024<span class=\"_ _61\"> </span><span class=\"ff4\">4,886<span class=\"_ _61\"> </span>4,886<span class=\"_ _89\"> </span></span><span class=\"fc14\">1,558<span class=\"_ _89\"> </span>1,558</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er<span class=\"_ _14b\"> </span>247<span class=\"_ _7\"/>,386<span class=\"_ _3a\"> </span>245,4<span class=\"_ _1\"/>68<span class=\"_ _3a\"> </span><span class=\"fc14\">302,05<span class=\"_ _1\"/>8<span class=\"_ _17b\"> </span>292,419</span>Senior Fac<span class=\"_ _6\"/>ility AgreementThe se<span class=\"_ _1\"/>nior RCF an<span class=\"_ _1\"/>d senior ter<span class=\"_ _1\"/>m loan are par<span class=\"_ _1\"/>t of a Seni<span class=\"_ _1\"/>or Facilit<span class=\"_ _1\"/>y Agre<span class=\"_ _1\"/>ement (SFA). T<span class=\"_ _1\"/>he SFA was arr<span class=\"_ _1\"/>anged by I<span class=\"_ _1\"/>NG<span class=\"_ _1\"/>, Rabo<span class=\"_ _1\"/>bank, A<span class=\"_ _1\"/>BN A<span class=\"_ _1\"/>MR<span class=\"_ _1\"/>O, HSBC<span class=\"_ _1\"/>, B<span class=\"_ _1\"/>arclays and B<span class=\"_ _1\"/>NP Par<span class=\"_ _1\"/>ibas. The s<span class=\"_ _1\"/>enior RCF and s<span class=\"_ _1\"/>enior term l<span class=\"_ _1\"/>oan rank par<span class=\"_ _1\"/>i passu with each oth<span class=\"_ _1\"/>er and the bilater<span class=\"_ _1\"/>al guarante<span class=\"_ _1\"/>e facilities<span class=\"_ _6\"/> and (if a<span class=\"_ _6\"/>pplicable<span class=\"_ _7\"/>) hedge liabil<span class=\"_ _6\"/>ities. The senior RCF and<span class=\"_ _6\"/> senior term loa<span class=\"_ _6\"/>n are secure<span class=\"_ _1\"/>d by a comprehe<span class=\"_ _1\"/>nsive securit<span class=\"_ _1\"/>y pack<span class=\"_ _1\"/>age that is shared wit<span class=\"_ _1\"/>h lender<span class=\"_ _1\"/>s of cert<span class=\"_ _1\"/>ain bilateral guarante<span class=\"_ _1\"/>e facilit<span class=\"_ _1\"/>y provi<span class=\"_ _1\"/>ders and (<span class=\"_ _1\"/>if applicable) hedg<span class=\"_ _1\"/>e counterpar<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>. The se<span class=\"_ _1\"/>curit<span class=\"_ _1\"/>y packag<span class=\"_ _1\"/>e is summarised as follow<span class=\"_ _1\"/>s: Fugro N<span class=\"_ _1\"/>.<span class=\"_ _6\"/>V<span class=\"_ _6\"/>. and each of it<span class=\"_ _1\"/>s subsidiaries that is a guarantor und<span class=\"_ _1\"/>er the SFA guar<span class=\"_ _1\"/>anteed t<span class=\"_ _1\"/>he obligatio<span class=\"_ _1\"/>ns of each of the othe<span class=\"_ _1\"/>r subs<span class=\"_ _6\"/>idiaries und<span class=\"_ _1\"/>er the SFA<span class=\"_ _1\"/>.<span class=\"_ _1\"/> Secur<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y has been pr<span class=\"_ _1\"/>ovided ove<span class=\"_ _1\"/>r the shares of each of th<span class=\"_ _1\"/>e guarantors<span class=\"_ _1\"/>. In additi<span class=\"_ _1\"/>on, cer<span class=\"_ _1\"/>tain Dutch<span class=\"_ _1\"/>, Cura\u00e7ao an<span class=\"_ _1\"/>d other fo<span class=\"_ _1\"/>reign subsidiaries ac<span class=\"_ _1\"/>t as guarantor for t<span class=\"_ _1\"/>he SFA and each of them p<span class=\"_ _1\"/>rovided s<span class=\"_ _1\"/>ecurit<span class=\"_ _1\"/>y over it<span class=\"_ _1\"/>s bank accounts and all it<span class=\"_ _1\"/>s intercompany receiv<span class=\"_ _1\"/>ables.Pledge<span class=\"_ _1\"/>d ass<span class=\"_ _6\"/>ets (<span class=\"_ _6\"/>collateral)Ca<span class=\"_ _1\"/>rr<span class=\"_ _1\"/>yi<span class=\"_ _1\"/>ng amount <span class=\"ls2 ws2\"> </span>31 D<span class=\"_ _1\"/>ece<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r (E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)2022Net e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y value of gu<span class=\"_ _1\"/>arantor<span class=\"_ _1\"/>s (<span class=\"_ _7\"/>a<span class=\"_ _1\"/>ggreg<span class=\"_ _1\"/>ated<span class=\"_ _1\"/>)<span class=\"_ _25f\"> </span>2,802,319Bank account<span class=\"_ _1\"/>s (<span class=\"_ _6\"/>of Dutch<span class=\"_ _1\"/>, Cura\u00e7<span class=\"_ _1\"/>ao and oth<span class=\"_ _1\"/>er fore<span class=\"_ _1\"/>ign subsidiaries)<span class=\"_ _260\"> </span>38,409Intercomp<span class=\"_ _1\"/>any recei<span class=\"_ _1\"/>vables (of Dutch<span class=\"_ _1\"/>, Cura\u00e7<span class=\"_ _1\"/>ao and oth<span class=\"_ _1\"/>er forei<span class=\"_ _1\"/>gn subsidiaries)<span class=\"_ _114\"> </span>7<span class=\"_ _7\"/>43,511Guar<span class=\"_ _1\"/>antees (<span class=\"_ _1\"/>liens<span class=\"_ _7\"/>) re<span class=\"_ _1\"/>lated to the seni<span class=\"_ _1\"/>or revolv<span class=\"_ _1\"/>ing credit fa<span class=\"_ _1\"/>cilit<span class=\"_ _1\"/>y and senior ter<span class=\"_ _1\"/>m loan are EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>0 million (the draw<span class=\"_ _1\"/>n amount) as of 31 De<span class=\"_ _1\"/>cember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 1<span class=\"_ _1\"/>8<span class=\"_ _1\"/>8 million drawn amount).Unde<span class=\"_ _1\"/>r cert<span class=\"_ _1\"/>ain circumstances, t<span class=\"_ _1\"/>he lende<span class=\"_ _1\"/>rs may require mandato<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y prepaym<span class=\"_ _1\"/>ent of all amounts outstandi<span class=\"_ _6\"/>ng under the<span class=\"_ _6\"/> senior RCF and the<span class=\"_ _6\"/> senior term loa<span class=\"_ _6\"/>n. Such cir<span class=\"_ _6\"/>cums<span class=\"_ _6\"/>tances include<span class=\"_ _1\"/>, amongst oth<span class=\"_ _1\"/>ers, a c<span class=\"_ _1\"/>hange of control. In a<span class=\"_ _1\"/>ddition<span class=\"_ _1\"/>, the net pro<span class=\"_ _1\"/>ceeds of a sale of substantially all of the asset<span class=\"_ _1\"/>s of the Gr<span class=\"_ _1\"/>oup are to be applie<span class=\"_ _1\"/>d towards mandator<span class=\"_ _0\"/>y prepayment o<span class=\"_ _6\"/>f the senior<span class=\"_ _6\"/> term loan and<span class=\"_ _6\"/> senior RCF<span class=\"_ _7\"/>.Div<span class=\"_ _1\"/>idend pay<span class=\"_ _1\"/>ments are res<span class=\"_ _1\"/>tric<span class=\"_ _1\"/>ted. D<span class=\"_ _1\"/>ividen<span class=\"_ _1\"/>ds may only be paid if n<span class=\"_ _1\"/>et levera<span class=\"_ _1\"/>ge is equal to or less than 2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0:<span class=\"_ _1\"/>0, an<span class=\"_ _1\"/>d distributio<span class=\"_ _1\"/>ns are cappe<span class=\"_ _1\"/>d at 60<span class=\"_ _1\"/>% of net profit<span class=\"_ _1\"/>. Covenants app<span class=\"_ _1\"/>ly, amongst ot<span class=\"_ _1\"/>hers<span class=\"_ _1\"/>, regarding th<span class=\"_ _1\"/>e solvenc<span class=\"_ _1\"/>y r<span class=\"_ _1\"/>atio, net le<span class=\"_ _1\"/>verage a<span class=\"_ _1\"/>nd interest coverag<span class=\"_ _1\"/>e.As at 3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, onl<span class=\"_ _1\"/>y the senio<span class=\"_ _1\"/>r term loan is dr<span class=\"_ _1\"/>awn, and t<span class=\"_ _1\"/>he amount is denom<span class=\"_ _1\"/>inated in Euro. Fugro has th<span class=\"_ _1\"/>e discretion to dr<span class=\"_ _1\"/>aw the senio<span class=\"_ _1\"/>r RCF and seni<span class=\"_ _1\"/>or term loan in US do<span class=\"_ _1\"/>llar (<span class=\"_ _7\"/>opt<span class=\"_ _1\"/>ional curren<span class=\"_ _1\"/>cy). Potential f<span class=\"_ _1\"/>uture draw d<span class=\"_ _1\"/>owns in US dollar would r<span class=\"_ _1\"/>esult in principal r<span class=\"_ _1\"/>epayment<span class=\"_ _1\"/>s and interest paym<span class=\"_ _1\"/>ents b<span class=\"_ _1\"/>oth in US dollar. This foreign curr<span class=\"_ _1\"/>enc<span class=\"_ _1\"/>y feature wo<span class=\"_ _1\"/>uld theref<span class=\"_ _1\"/>ore qualif<span class=\"_ _1\"/>y as closely re<span class=\"_ _1\"/>lated embe<span class=\"_ _1\"/>dded de<span class=\"_ _1\"/>rivati<span class=\"_ _1\"/>ve.3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>2 <span class=\"_ _5b\"> </span><span class=\"ff2 fs3 ls2 ws2\">Seni<span class=\"_ _1\"/>or RCF</span>On 5 Au<span class=\"_ _1\"/>gust 20<span class=\"_ _1\"/>22<span class=\"_ _1\"/>, the ex<span class=\"_ _1\"/>isting ancillar<span class=\"_ _1\"/>y f<span class=\"_ _1\"/>acilit<span class=\"_ _1\"/>y amount outst<span class=\"_ _1\"/>anding of EU<span class=\"_ _1\"/>R 18<span class=\"_ _1\"/>.7 m<span class=\"_ _1\"/>illion was repai<span class=\"_ _1\"/>d. As at 3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, EU<span class=\"_ _1\"/>R nil million under t<span class=\"_ _1\"/>he senior R<span class=\"_ _1\"/>CF and ancillar<span class=\"_ _1\"/>y facilit<span class=\"_ _1\"/>y w<span class=\"_ _1\"/>as drawn (20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: EUR 1<span class=\"_ _1\"/>2.<span class=\"_ _1\"/>5 millio<span class=\"_ _1\"/>n<span class=\"_ _7\"/>). T<span class=\"_ _1\"/>he senio<span class=\"_ _1\"/>r RCF may be ut<span class=\"_ _1\"/>ilised by way of drawin<span class=\"_ _1\"/>g of loans and ancillar<span class=\"_ _1\"/>y fa<span class=\"_ _1\"/>cilities. T<span class=\"_ _1\"/>he senior R<span class=\"_ _1\"/>CF represe<span class=\"_ _1\"/>nts a thre<span class=\"_ _1\"/>e-year facilit<span class=\"_ _1\"/>y (of which t<span class=\"_ _1\"/>wo year<span class=\"_ _1\"/>s and seven mo<span class=\"_ _1\"/>nths remain at 31 De<span class=\"_ _1\"/>cember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2) subjec<span class=\"_ _1\"/>t to a one year extension option (<span class=\"_ _7\"/>all lenders\u2019<span class=\"_ _6\"/> con<span class=\"_ _6\"/>sent). The c<span class=\"_ _7\"/>ompany sha<span class=\"_ _6\"/>ll apply a<span class=\"_ _6\"/>mounts borrowed under the seni<span class=\"_ _1\"/>or RCF and an<span class=\"_ _1\"/>cillar<span class=\"_ _1\"/>y facilit<span class=\"_ _1\"/>y tow<span class=\"_ _1\"/>ards gener<span class=\"_ _1\"/>al corpor<span class=\"_ _1\"/>ate and work<span class=\"_ _1\"/>ing capital purp<span class=\"_ _1\"/>oses. This includ<span class=\"_ _1\"/>es acquisitions permit<span class=\"_ _1\"/>ted un<span class=\"_ _1\"/>der the SFA<span class=\"_ _0\"/>. In additio<span class=\"_ _1\"/>n, amount<span class=\"_ _1\"/>s bor<span class=\"_ _1\"/>rowed may b<span class=\"_ _1\"/>e applied to r<span class=\"_ _1\"/>epayment of th<span class=\"_ _1\"/>e remaining amount<span class=\"_ _1\"/>s outst<span class=\"_ _1\"/>anding under th<span class=\"_ _1\"/>e subordinated unse<span class=\"_ _1\"/>cured conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds maturing in 2<span class=\"_ _1\"/>024<span class=\"_ _1\"/>. The initial inter<span class=\"_ _1\"/>est is EU<span class=\"_ _1\"/>RIB<span class=\"_ _1\"/>OR +2<span class=\"_ _1\"/>.7<span class=\"_ _1\"/>5% and d<span class=\"_ _1\"/>epending o<span class=\"_ _1\"/>n levera<span class=\"_ _1\"/>ge can var<span class=\"_ _1\"/>y b<span class=\"_ _1\"/>et<span class=\"_ _1\"/>ween EU<span class=\"_ _1\"/>RI<span class=\"_ _1\"/>BO<span class=\"_ _1\"/>R+1.<span class=\"_ _1\"/>75<span class=\"_ _1\"/>% and EUR<span class=\"_ _1\"/>IBOR+3<span class=\"_ _1\"/>.7<span class=\"_ _1\"/>5% as s<span class=\"_ _6\"/>hown below:L<span class=\"_ _1\"/>ever<span class=\"_ _1\"/>ag<span class=\"_ _1\"/>e<span class=\"_ _261\"> </span><span class=\"ff2 fs36 ls19e ws19e\">Margin</span>&gt;3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _262\"> </span><span class=\"ls2 ws2\">3.75</span>\u2264<span class=\"_ _1\"/>3<span class=\"_ _1\"/>.0<span class=\"_ _0\"/>0:1<span class=\"_ _1\"/> but &gt;2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _263\"> </span><span class=\"ls2 ws2\">3.25</span>\u2264<span class=\"_ _1\"/>2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0:1 b<span class=\"_ _1\"/>ut &gt;2<span class=\"_ _1\"/>.0<span class=\"_ _0\"/>0:1<span class=\"_ _264\"> </span><span class=\"ls2 ws2\">2.75</span>\u2264<span class=\"_ _1\"/>2<span class=\"_ _1\"/>.0<span class=\"_ _0\"/>0:1 b<span class=\"_ _1\"/>ut &gt;1<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0:1<span class=\"_ _265\"> </span><span class=\"ls2 ws2\">2.25</span>\u2264<span class=\"_ _1\"/>1.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _266\"> </span><span class=\"ls2 ws2\">1.75</span>In addition, an<span class=\"_ _6\"/> inter<span class=\"_ _6\"/>est di<span class=\"_ _6\"/>scou<span class=\"_ _6\"/>nt or pena<span class=\"_ _6\"/>lty applies, depending on the<span class=\"_ _6\"/> per<span class=\"_ _1\"/>formanc<span class=\"_ _6\"/>e on sustainab<span class=\"_ _1\"/>ilit<span class=\"_ _1\"/>y-linked K<span class=\"_ _1\"/>PI<span class=\"_ _1\"/>\u2019s (<span class=\"_ _7\"/>s<span class=\"_ _1\"/>ee b<span class=\"_ _1\"/>elow).The t<span class=\"_ _1\"/>ransac<span class=\"_ _1\"/>tion costs of t<span class=\"_ _1\"/>he senior RC<span class=\"_ _1\"/>F of EUR 3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million are re<span class=\"_ _1\"/>corded as curre<span class=\"_ _1\"/>nt assets and are amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ised over the te<span class=\"_ _1\"/>rm. Th<span class=\"_ _1\"/>e current year amo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>isation amount<span class=\"_ _1\"/>s to EUR 0<span class=\"_ _1\"/>.4 million (<span class=\"_ _1\"/>finance e<span class=\"_ _1\"/>xpe<span class=\"_ _1\"/>nse<span class=\"_ _6\"/>).3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>3 <span class=\"_ _5b\"> </span><span class=\"ff2 fs3 ls212 ws221\">Ter<span class=\"_ _1\"/>m<span class=\"_ _1\"/> l<span class=\"_ _1\"/>oa<span class=\"_ _1\"/>n</span>As at 3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g amount of the senio<span class=\"_ _1\"/>r term loan am<span class=\"_ _1\"/>ounts to EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>0<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million with an ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest ex<span class=\"_ _1\"/>pense (at 4.<span class=\"_ _1\"/>7<span class=\"_ _1\"/>7<span class=\"_ _1\"/>%) of EUR 3<span class=\"_ _1\"/>.9 million during 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 (202<span class=\"_ _1\"/>1: car<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ying amount EU<span class=\"_ _1\"/>R 18<span class=\"_ _1\"/>6<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million and interest e<span class=\"_ _1\"/>xpense EU<span class=\"_ _1\"/>R 14<span class=\"_ _1\"/>.7 millio<span class=\"_ _1\"/>n<span class=\"_ _6\"/>). The se<span class=\"_ _1\"/>nior term l<span class=\"_ _1\"/>oan has a three-year te<span class=\"_ _1\"/>rm (<span class=\"_ _6\"/>of which t<span class=\"_ _1\"/>wo year<span class=\"_ _1\"/>s and seven mont<span class=\"_ _1\"/>hs remain as o<span class=\"_ _6\"/>f 31 December 202<span class=\"_ _1\"/>2) sub<span class=\"_ _6\"/>ject to a one year e<span class=\"_ _6\"/>x<span class=\"_ _1\"/>ten<span class=\"_ _6\"/>sion op<span class=\"_ _6\"/>tion (<span class=\"_ _7\"/>all lenders\u2019 con<span class=\"_ _7\"/>sent). The init<span class=\"_ _1\"/>ial coupon is EUR<span class=\"_ _1\"/>IB<span class=\"_ _1\"/>OR+3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0% and d<span class=\"_ _1\"/>epending o<span class=\"_ _1\"/>n levera<span class=\"_ _1\"/>ge can var<span class=\"_ _1\"/>y b<span class=\"_ _1\"/>et<span class=\"_ _1\"/>ween EU<span class=\"_ _1\"/>RIB<span class=\"_ _1\"/>OR+<span class=\"_ _1\"/>3.<span class=\"_ _1\"/>2<span class=\"_ _1\"/>5% and E<span class=\"_ _1\"/>UR<span class=\"_ _1\"/>IBO<span class=\"_ _1\"/>R+<span class=\"_ _1\"/>5<span class=\"_ _1\"/>.0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>% as shown be<span class=\"_ _1\"/>low:L<span class=\"_ _1\"/>ever<span class=\"_ _1\"/>ag<span class=\"_ _1\"/>e<span class=\"_ _261\"> </span><span class=\"ff2 fs36 ls19e ws19e\">Margin</span>&gt;3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _267\"> </span><span class=\"ls2 ws2\">5.00</span>\u2264<span class=\"_ _1\"/>3<span class=\"_ _1\"/>.0<span class=\"_ _0\"/>0:1<span class=\"_ _1\"/> but &gt;2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _c5\"> </span><span class=\"ls2 ws2\">4.50</span>\u2264<span class=\"_ _1\"/>2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0:1 b<span class=\"_ _1\"/>ut &gt;2<span class=\"_ _1\"/>.0<span class=\"_ _0\"/>0:1<span class=\"_ _c5\"> </span><span class=\"ls2 ws2\">4.00</span>\u2264<span class=\"_ _1\"/>2<span class=\"_ _1\"/>.0<span class=\"_ _0\"/>0:1 b<span class=\"_ _1\"/>ut &gt;1<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0:1<span class=\"_ _264\"> </span><span class=\"ls2 ws2\">3.5<span class=\"_ _1\"/>0</span>\u2264<span class=\"_ _1\"/>1.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _71\"> </span><span class=\"ls2 ws2\">3.25</span>In additi<span class=\"_ _1\"/>on, an interest discount or p<span class=\"_ _1\"/>enalt<span class=\"_ _1\"/>y applies, d<span class=\"_ _1\"/>epending o<span class=\"_ _1\"/>n the per<span class=\"_ _1\"/>for<span class=\"_ _1\"/>mance of sustainab<span class=\"_ _1\"/>ilit<span class=\"_ _1\"/>y-linked K<span class=\"_ _1\"/>PIs (see b<span class=\"_ _1\"/>elo<span class=\"_ _1\"/>w<span class=\"_ _6\"/>).The t<span class=\"_ _1\"/>ransac<span class=\"_ _1\"/>tion costs of E<span class=\"_ _1\"/>UR 3<span class=\"_ _1\"/>.7 millio<span class=\"_ _1\"/>n costs were inclu<span class=\"_ _1\"/>ded in the c<span class=\"_ _1\"/>arr<span class=\"_ _1\"/>ying amo<span class=\"_ _1\"/>unt of the senior te<span class=\"_ _1\"/>rm loan. T<span class=\"_ _1\"/>hese tr<span class=\"_ _1\"/>ansact<span class=\"_ _1\"/>ion costs are re<span class=\"_ _1\"/>cognised in prof<span class=\"_ _1\"/>it and loss in accordance with th<span class=\"_ _1\"/>e effe<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>ve interest rate met<span class=\"_ _1\"/>hod and th<span class=\"_ _1\"/>e current year f<span class=\"_ _1\"/>inance expense amo<span class=\"_ _1\"/>unts to EU<span class=\"_ _1\"/>R 0.<span class=\"_ _1\"/>5 m<span class=\"_ _1\"/>illion.3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>4 <span class=\"_ _57\"> </span><span class=\"ff2 fs3 ls9e wsa2\">S<span class=\"_ _1\"/>ubordinated unsecured convertible b<span class=\"_ _1\"/>onds</span>Simultane<span class=\"_ _1\"/>ously with th<span class=\"_ _1\"/>e broader ref<span class=\"_ _1\"/>inancing<span class=\"_ _1\"/>, Fugro repurchase<span class=\"_ _1\"/>d EUR 9 millio<span class=\"_ _1\"/>n in principal amount (ninet<span class=\"_ _1\"/>y bonds) of the outst<span class=\"_ _1\"/>anding subordinated conver<span class=\"_ _1\"/>tibl<span class=\"_ _1\"/>e bonds due 2<span class=\"_ _1\"/>024 via a priv<span class=\"_ _1\"/>ate transac<span class=\"_ _1\"/>tion w<span class=\"_ _1\"/>ith Stichting Value Pa<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ners Family O<span class=\"_ _1\"/>ff<span class=\"_ _1\"/>ice. The nin<span class=\"_ _1\"/>ety b<span class=\"_ _1\"/>onds repurchase<span class=\"_ _1\"/>d were cancell<span class=\"_ _1\"/>ed in accordance with the te<span class=\"_ _1\"/>rms and conditions<span class=\"_ _1\"/>. The re<span class=\"_ _1\"/>purchase price was E<span class=\"_ _1\"/>UR 1<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 p<span class=\"_ _1\"/>er EU<span class=\"_ _1\"/>R 10<span class=\"_ _1\"/>0<span class=\"_ _1\"/>,<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0 in principal am<span class=\"_ _1\"/>ount of such bonds<span class=\"_ _1\"/>. The consider<span class=\"_ _1\"/>ation pai<span class=\"_ _1\"/>d on 28 Jul<span class=\"_ _1\"/>y 202<span class=\"_ _1\"/>2 w<span class=\"_ _1\"/>as allocated to th<span class=\"_ _1\"/>e liability in f<span class=\"_ _1\"/>ull (<span class=\"_ _7\"/>t<span class=\"_ _1\"/>here was no residual that was assigne<span class=\"_ _1\"/>d to the equit<span class=\"_ _1\"/>y compo<span class=\"_ _1\"/>nent). The d<span class=\"_ _1\"/>ebt set<span class=\"_ _1\"/>tlement gain w<span class=\"_ _1\"/>as EU<span class=\"_ _1\"/>R 0.<span class=\"_ _1\"/>6 million and pres<span class=\"_ _1\"/>ented in finance ex<span class=\"_ _1\"/>pense.In acc<span class=\"_ _7\"/>ordance with the t<span class=\"_ _6\"/>erms and<span class=\"_ _6\"/> condi<span class=\"_ _6\"/>tions, bond holders could<span class=\"_ _6\"/> at their<span class=\"_ _6\"/> disc<span class=\"_ _6\"/>retion require t<span class=\"_ _1\"/>he early re<span class=\"_ _1\"/>demptio<span class=\"_ _1\"/>n at par on the f<span class=\"_ _1\"/>ift<span class=\"_ _1\"/>h anniversar<span class=\"_ _1\"/>y of t<span class=\"_ _1\"/>heir issue. During t<span class=\"_ _1\"/>he notice period, which ended on 16 Septem<span class=\"_ _6\"/>ber 202<span class=\"_ _1\"/>2<span class=\"_ _1\"/>, Fugro<span class=\"_ _6\"/> received early redemption<span class=\"_ _6\"/> notices for a<span class=\"_ _1\"/>n aggregate am<span class=\"_ _1\"/>ount of EUR 4<span class=\"_ _1\"/>8<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million. Th<span class=\"_ _1\"/>e total amount of EU<span class=\"_ _1\"/>R 4<span class=\"_ _1\"/>8.<span class=\"_ _1\"/>5 million (principal and ac<span class=\"_ _7\"/>cr<span class=\"_ _1\"/>ued in<span class=\"_ _6\"/>terest) wa<span class=\"_ _6\"/>s repaid on<span class=\"_ _6\"/> 2 November 202<span class=\"_ _1\"/>2. The consideration<span class=\"_ _6\"/> paid was alloc<span class=\"_ _1\"/>ated to the liabilit<span class=\"_ _1\"/>y (<span class=\"_ _1\"/>EUR 4<span class=\"_ _1\"/>5<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million) and equit<span class=\"_ _1\"/>y compone<span class=\"_ _1\"/>nt (EU<span class=\"_ _1\"/>R 4.<span class=\"_ _1\"/>0 million). The d<span class=\"_ _1\"/>ebt sett<span class=\"_ _1\"/>lement gain was E<span class=\"_ _1\"/>UR 1<span class=\"_ _1\"/>.0 million an<span class=\"_ _1\"/>d presented in f<span class=\"_ _1\"/>inance income.The tot<span class=\"_ _1\"/>al por<span class=\"_ _1\"/>tio<span class=\"_ _1\"/>n of the equit<span class=\"_ _1\"/>y compo<span class=\"_ _1\"/>nent per<span class=\"_ _1\"/>taining to t<span class=\"_ _1\"/>he conver<span class=\"_ _1\"/>tible bo<span class=\"_ _1\"/>nds fully rede<span class=\"_ _1\"/>emed dur<span class=\"_ _1\"/>ing 20<span class=\"_ _1\"/>22 w<span class=\"_ _1\"/>as transfer<span class=\"_ _1\"/>red to retain<span class=\"_ _1\"/>ed earnings fo<span class=\"_ _1\"/>r an amount of EUR 2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>7 million<span class=\"_ _1\"/>.As at 3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2, th<span class=\"_ _1\"/>e carr<span class=\"_ _1\"/>yin<span class=\"_ _1\"/>g amount of the EU<span class=\"_ _1\"/>R 10<span class=\"_ _0\"/>0 million subordinated unsecure<span class=\"_ _1\"/>d convert<span class=\"_ _1\"/>ible bonds du<span class=\"_ _1\"/>e 2024 am<span class=\"_ _1\"/>ounts to EU<span class=\"_ _1\"/>R 4<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>3 million (3<span class=\"_ _1\"/>1 Decemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>: 92<span class=\"_ _1\"/>.1 million) with an ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>tive interest e<span class=\"_ _1\"/>xpense (at 8.1%) of EU<span class=\"_ _1\"/>R 6.<span class=\"_ _1\"/>5 millio<span class=\"_ _1\"/>n in 202<span class=\"_ _1\"/>2 (2<span class=\"_ _1\"/>021<span class=\"_ _1\"/>: EU<span class=\"_ _1\"/>R 7<span class=\"_ _7\"/>.1 million). A EUR 4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>4 million coupon of 4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5% has be<span class=\"_ _1\"/>en paid in 20<span class=\"_ _1\"/>2<span class=\"_ _1\"/>2 (202<span class=\"_ _1\"/>1: 4<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million). The conver<span class=\"_ _1\"/>sion price is EU<span class=\"_ _1\"/>R 19.<span class=\"_ _1\"/>6<span class=\"_ _1\"/>49<span class=\"_ _1\"/>0<span class=\"_ _1\"/>. Unless previ<span class=\"_ _1\"/>ously rede<span class=\"_ _1\"/>emed<span class=\"_ _1\"/>, conver<span class=\"_ _1\"/>ted or purchase<span class=\"_ _1\"/>d and cancelle<span class=\"_ _1\"/>d, thes<span class=\"_ _1\"/>e remaining bon<span class=\"_ _1\"/>ds will be rede<span class=\"_ _1\"/>emed at th<span class=\"_ _1\"/>eir principal am<span class=\"_ _1\"/>ount on or around 2 N<span class=\"_ _1\"/>ovember 2<span class=\"_ _1\"/>024<span class=\"_ _1\"/>. Up<span class=\"_ _1\"/>on exercise of the<span class=\"_ _1\"/>ir conversion right<span class=\"_ _1\"/>s, th<span class=\"_ _1\"/>ese bonds will b<span class=\"_ _1\"/>e conver<span class=\"_ _1\"/>tible into ordinar<span class=\"_ _1\"/>y shares at a conver<span class=\"_ _1\"/>sion rate of 5<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>8<span class=\"_ _1\"/>9.3<span class=\"_ _1\"/>17<span class=\"_ _1\"/>5 for each b<span class=\"_ _1\"/>ond he<span class=\"_ _1\"/>ld, represe<span class=\"_ _1\"/>nting ordinar<span class=\"_ _1\"/>y shares in the cap<span class=\"_ _1\"/>ital of Fugro. T<span class=\"_ _1\"/>he initial conver<span class=\"_ _1\"/>sion price was set at EU<span class=\"_ _1\"/>R 14<span class=\"_ _1\"/>.<span class=\"_ _6\"/>9<span class=\"_ _1\"/>412<span class=\"_ _1\"/>. The o<span class=\"_ _1\"/>rdinar<span class=\"_ _1\"/>y shares underl<span class=\"_ _1\"/>ying the b<span class=\"_ _1\"/>onds correspon<span class=\"_ _1\"/>ded to appro<span class=\"_ _1\"/>ximately 1.9<span class=\"_ _1\"/>% of the company<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s issued share capit<span class=\"_ _1\"/>al. Fugro has the o<span class=\"_ _1\"/>ption to conver<span class=\"_ _1\"/>t all but not some of th<span class=\"_ _1\"/>ese outst<span class=\"_ _1\"/>anding bon<span class=\"_ _1\"/>ds int<span class=\"_ _6\"/>o ordinar<span class=\"_ _1\"/>y shares at the t<span class=\"_ _1\"/>hen prev<span class=\"_ _1\"/>ailing conversion price at any time since 2<span class=\"_ _1\"/>3 N<span class=\"_ _1\"/>ovember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>0, if th<span class=\"_ _1\"/>e value of the or<span class=\"_ _1\"/>dinary shar<span class=\"_ _1\"/>es underly<span class=\"_ _1\"/>ing a bon<span class=\"_ _1\"/>d exceeds EU<span class=\"_ _1\"/>R 15<span class=\"_ _1\"/>0 tho<span class=\"_ _1\"/>usand for a spe<span class=\"_ _1\"/>cifie<span class=\"_ _1\"/>d perio<span class=\"_ _1\"/>d of time. H<span class=\"_ _1\"/>older<span class=\"_ _1\"/>s of the bon<span class=\"_ _1\"/>ds have the opt<span class=\"_ _1\"/>ion to force red<span class=\"_ _1\"/>emption of th<span class=\"_ _1\"/>e principal amo<span class=\"_ _1\"/>unt plus interest (in cash<span class=\"_ _6\"/>) by Fugro in the event of a chan<span class=\"_ _1\"/>ge in control. Fugr<span class=\"_ _1\"/>o has an early red<span class=\"_ _1\"/>emption opt<span class=\"_ _1\"/>ion (<span class=\"_ _6\"/>clean-up call<span class=\"_ _1\"/>) if 15<span class=\"_ _1\"/>% or less of the ag<span class=\"_ _1\"/>gregate pr<span class=\"_ _1\"/>incipal amount of the b<span class=\"_ _1\"/>onds remains out<span class=\"_ _1\"/>standing. F<span class=\"_ _1\"/>ugro has an option to re<span class=\"_ _1\"/>deem all<span class=\"_ _1\"/>, but not some of t<span class=\"_ _1\"/>he bonds in th<span class=\"_ _1\"/>e event of cert<span class=\"_ _1\"/>ain changes in tax la<span class=\"_ _1\"/>w.The G<span class=\"_ _1\"/>roup considers t<span class=\"_ _1\"/>he bonds as a compo<span class=\"_ _1\"/>und financial instr<span class=\"_ _1\"/>ument containing a debt host (inclu<span class=\"_ _1\"/>ding closely re<span class=\"_ _1\"/>lated embe<span class=\"_ _1\"/>dded liabilit<span class=\"_ _1\"/>y der<span class=\"_ _1\"/>ivativ<span class=\"_ _1\"/>es<span class=\"_ _7\"/>) and an e<span class=\"_ _1\"/>mbedd<span class=\"_ _1\"/>ed equit<span class=\"_ _1\"/>y derivative (<span class=\"_ _7\"/>conversion op<span class=\"_ _6\"/>tion)<span class=\"_ _6\"/>. The su<span class=\"_ _6\"/>bordina<span class=\"_ _6\"/>ted con<span class=\"_ _6\"/>vertible bonds are pub<span class=\"_ _6\"/>licity trade<span class=\"_ _1\"/>d on<span class=\"_ _6\"/> the Fr<span class=\"_ _1\"/>ankfur<span class=\"_ _1\"/>t sto<span class=\"_ _1\"/>ck exchange<span class=\"_ _1\"/>. The conversio<span class=\"_ _1\"/>n price of the b<span class=\"_ _1\"/>onds is subject to s<span class=\"_ _1\"/>tandard anti-dilution a<span class=\"_ _1\"/>djustments such as in the ev<span class=\"_ _1\"/>ent of share consolidations, share split<span class=\"_ _1\"/>s, cap<span class=\"_ _1\"/>ital distributi<span class=\"_ _1\"/>ons, right<span class=\"_ _1\"/>s issues and bonus issues and in the eve<span class=\"_ _1\"/>nt of a change in control, a merger<span class=\"_ _7\"/>, or other events.3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>5 <span class=\"_ _5b\"> </span><span class=\"ff2 fs3 ls9e wsa2\">Changes in liabilities arising from f<span class=\"_ _1\"/>inancing activiti<span class=\"_ _1\"/>es</span>The t<span class=\"_ _1\"/>able bel<span class=\"_ _1\"/>ow sets o<span class=\"_ _1\"/>ut an analysis of the changes in liabilit<span class=\"_ _1\"/>ies arising from f<span class=\"_ _1\"/>inancing activities in 202<span class=\"_ _1\"/>2.Subordinated unsecure<span class=\"_ _1\"/>d conv<span class=\"_ _7\"/>er<span class=\"_ _1\"/>tible bo<span class=\"_ _1\"/>nds  Sup<span class=\"_ _1\"/>er se<span class=\"_ _1\"/>nio<span class=\"_ _1\"/>r Sup<span class=\"_ _1\"/>er se<span class=\"_ _1\"/>nio<span class=\"_ _1\"/>r Lease <span class=\"ls2 ws2\"> </span>Other long-(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)<span class=\"_ _104\"> </span><span class=\"ff2 fs36\">Se<span class=\"_ _1\"/>nio<span class=\"_ _1\"/>r RCF<span class=\"_ _13\"> </span><span class=\"ls213 ws222\">Te<span class=\"_ _1\"/>r<span class=\"_ _1\"/>m l<span class=\"_ _1\"/>oa<span class=\"_ _1\"/>n</span></span>EU<span class=\"_ _6\"/>R<span class=\"_ _7\"/> 100,000RCFter<span class=\"_ _1\"/>m loa<span class=\"_ _1\"/>nLiabiliti<span class=\"_ _1\"/>ester<span class=\"_ _1\"/>m loa<span class=\"_ _1\"/>ns<span class=\"_ _8d\"> </span><span class=\"ls1b5 ws1b9\">T<span class=\"_ _7\"/>otal</span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2-<span class=\"_ _e3\"> </span>-92,<span class=\"_ _6\"/>123<span class=\"_ _61\"> </span>12,521<span class=\"_ _6f\"> </span>18<span class=\"_ _1\"/>6,217<span class=\"_ _c0\"> </span>147<span class=\"_ _7\"/>,424<span class=\"_ _89\"> </span>1,558<span class=\"_ _39\"> </span>439,843Pro<span class=\"_ _1\"/>ceeds fr<span class=\"_ _1\"/>om issue of term lo<span class=\"_ _1\"/>an-200,<span class=\"_ _6\"/>000-<span class=\"_ _e3\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _e3\"> </span>-200,<span class=\"_ _6\"/>000Repayment o<span class=\"_ _6\"/>f su<span class=\"_ _6\"/>per senior RCF / s<span class=\"_ _7\"/>uper senior term loan-<span class=\"_ _e3\"> </span>-<span class=\"_ _a0\"> </span>-(97<span class=\"_ _7\"/>,500)<span class=\"_ _12\"> </span>(188,000)-<span class=\"_ _e3\"> </span>-(285,500)Sale and<span class=\"_ _6\"/> lease back<span class=\"_ _6\"/> (financing<span class=\"_ _6\"/> component)<span class=\"_ _6\"/> -<span class=\"_ _e3\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _e3\"> </span>-18,043-18,043Cash flow from financ<span class=\"_ _6\"/>ing activities provided by<span class=\"_ _6\"/> (<span class=\"_ _7\"/>used for) c<span class=\"_ _6\"/>ontinued operations-<span class=\"_ _e3\"> </span>-(57<span class=\"_ _7\"/>,50<span class=\"_ _1\"/>0)<span class=\"_ _f9\"> </span>85,00<span class=\"_ _1\"/>0-(35,94<span class=\"_ _1\"/>4)<span class=\"_ _6e\"> </span>3,364<span class=\"_ _5f\"> </span>(5,080)Sub<span class=\"_ _1\"/>-tota<span class=\"_ _1\"/>l-200,<span class=\"_ _7\"/>000<span class=\"_ _b4\"> </span><span class=\"ls2 ws2\">34,62<span class=\"_ _1\"/>3<span class=\"_ _f6\"> </span>21<span class=\"_ _21\"> </span>(1,783)<span class=\"_ _9f\"> </span>129,52<span class=\"_ _1\"/>3<span class=\"_ _61\"> </span>4,922<span class=\"_ _86\"> </span>367<span class=\"_ _7\"/>,30<span class=\"_ _1\"/>6</span>Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of moveme<span class=\"_ _1\"/>nt in foreign e<span class=\"_ _1\"/>xchange r<span class=\"_ _1\"/>ates-<span class=\"_ _e3\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _e3\"> </span>-<span class=\"_ _e3\"> </span>-1,563<span class=\"_ _f5\"> </span>(29)<span class=\"_ _20\"> </span>1,5<span class=\"_ _1\"/>34Oth<span class=\"_ _1\"/>er changes*<span class=\"_ _85\"> </span><span class=\"fs6 ls1f1 ws1f5\">234<span class=\"_ _87\"> </span></span><span class=\"fs6\">5,725<span class=\"_ _96\"> </span>(21)<span class=\"_ _61\"> </span>1,783<span class=\"_ _84\"> </span>37<span class=\"_ _7\"/>,888<span class=\"_ _26\"> </span><span class=\"ls43 ws4b\">(7)<span class=\"_ _fa\"> </span></span>45,6<span class=\"_ _1\"/>02</span>Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2-200,234<span class=\"_ _c0\"> </span><span class=\"ls2 ws2\">40,34<span class=\"_ _1\"/>8</span>-<span class=\"_ _e3\"> </span>-168,974<span class=\"_ _20\"> </span>4,886<span class=\"_ _f9\"> </span>414,442*Other changes i<span class=\"_ _6\"/>nclude i<span class=\"_ _6\"/>nterest<span class=\"_ _6\"/> payments, accrued i<span class=\"_ _6\"/>nterest, transaction c<span class=\"_ _6\"/>osts capitali<span class=\"_ _6\"/>sed agai<span class=\"_ _6\"/>nst term<span class=\"_ _6\"/> loan, amortisation, and new/modi<span class=\"_ _6\"/>fication of<span class=\"_ _6\"/> leases.The c<span class=\"_ _1\"/>ash outfl<span class=\"_ _1\"/>ow from f<span class=\"_ _1\"/>inancing ac<span class=\"_ _1\"/>tiviti<span class=\"_ _1\"/>es of EUR 5<span class=\"_ _1\"/>.1 million in 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 repres<span class=\"_ _1\"/>ents the tot<span class=\"_ _1\"/>al net cash fro<span class=\"_ _1\"/>m financing ac<span class=\"_ _1\"/>tivit<span class=\"_ _1\"/>ies in the consolidate<span class=\"_ _1\"/>d statement of cash f<span class=\"_ _1\"/>lows of EU<span class=\"_ _1\"/>R 32<span class=\"_ _1\"/>.9 million excluding div<span class=\"_ _1\"/>idends paid of EU<span class=\"_ _1\"/>R 4<span class=\"_ _1\"/>.6 millio<span class=\"_ _1\"/>n, proce<span class=\"_ _1\"/>eds from issue of term l<span class=\"_ _1\"/>oan of EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>0 million<span class=\"_ _1\"/>, repayme<span class=\"_ _1\"/>nt of s<span class=\"_ _6\"/>uper se<span class=\"_ _1\"/>nior RCF an<span class=\"_ _1\"/>d super senior ter<span class=\"_ _1\"/>m loan of EU<span class=\"_ _1\"/>R 28<span class=\"_ _1\"/>5<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5 million and th<span class=\"_ _1\"/>e procee<span class=\"_ _1\"/>ds from sale and l<span class=\"_ _1\"/>easeback (f<span class=\"_ _1\"/>inancing compon<span class=\"_ _1\"/>ent) of EUR 1<span class=\"_ _1\"/>8<span class=\"_ _1\"/>.0 million<span class=\"_ _1\"/>.In 20<span class=\"_ _1\"/>21<span class=\"_ _1\"/>, the anal<span class=\"_ _1\"/>ysis of the changes in liabilities ar<span class=\"_ _1\"/>ising from finan<span class=\"_ _1\"/>cing act<span class=\"_ _1\"/>ivities w<span class=\"_ _1\"/>as as follows:Subordinated Subordinated unsecure<span class=\"_ _1\"/>d unsecure<span class=\"_ _1\"/>d T<span class=\"_ _6\"/>ransaction conv<span class=\"_ _7\"/>er<span class=\"_ _1\"/>tible conv<span class=\"_ _7\"/>er<span class=\"_ _1\"/>tible with discon<span class=\"ls2 ws2\">-</span>bo<span class=\"_ _1\"/>nds E<span class=\"_ _1\"/>UR bo<span class=\"_ _1\"/>nds E<span class=\"_ _1\"/>UR Sup<span class=\"_ _1\"/>er se<span class=\"_ _1\"/>nio<span class=\"_ _1\"/>r Sup<span class=\"_ _1\"/>er se<span class=\"_ _1\"/>nio<span class=\"_ _1\"/>r Lease Liabili<span class=\"ls2 ws2\">-</span>tinued opera<span class=\"ls2 ws2\">-</span>Other long-(E<span class=\"_ _1\"/>UR x 1<span class=\"_ _1\"/>,0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>0<span class=\"_ _1\"/>)190<span class=\"_ _6\"/>,000100,<span class=\"_ _6\"/>000RCFter<span class=\"_ _1\"/>m loa<span class=\"_ _1\"/>ntiestionster<span class=\"_ _1\"/>m loa<span class=\"_ _1\"/>ns<span class=\"_ _8d\"> </span><span class=\"ls1b5 ws1b9\">T<span class=\"_ _7\"/>otal</span>Bal<span class=\"_ _1\"/>ance at 1 J<span class=\"_ _1\"/>anua<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1<span class=\"_ _268\"> </span><span class=\"ff8 fs6 fc14 ls2\"> 56,95<span class=\"_ _1\"/>3<span class=\"_ _b4\"> </span> 89,521<span class=\"_ _96\"> </span> </span>- 195,137<span class=\"_ _d0\"> </span> 132,692<span class=\"_ _96\"> </span> - 2,631<span class=\"_ _e3\"> </span> 476,934Cash flow from financ<span class=\"_ _6\"/>ing activities provided by<span class=\"_ _6\"/> (<span class=\"_ _7\"/>used for) c<span class=\"_ _6\"/>ontinued operations<span class=\"_ _269\"> </span><span class=\"ff8 fc14 ls2 ws2\">(58,90<span class=\"_ _1\"/>0)</span>-12,500<span class=\"_ _37\"> </span>(12,00<span class=\"_ _1\"/>0)<span class=\"_ _17c\"> </span>(25,599)<span class=\"_ _9b\"> </span>14,801<span class=\"_ _d2\"> </span>(951)<span class=\"_ _86\"> </span>(<span class=\"_ _1\"/>70,<span class=\"_ _7\"/>149)Cash flow from financ<span class=\"_ _6\"/>ing activities provided by<span class=\"_ _6\"/> (<span class=\"_ _7\"/>used for) di<span class=\"_ _6\"/>scon<span class=\"_ _6\"/>tinued operations-----   <span class=\"_ _17b\"> </span><span class=\"ws225\">(14,801)   </span>-   <span class=\"_ _17b\"> </span><span class=\"ws225\">(14,801)   </span>Sub<span class=\"_ _1\"/>-tota<span class=\"_ _1\"/>l<span class=\"_ _26a\"> </span><span class=\"fc14 ls2 ws2\">(1,947)<span class=\"_ _c0\"> </span>8<span class=\"_ _6\"/>9,521<span class=\"_ _a1\"> </span>12,50<span class=\"_ _1\"/>0<span class=\"_ _c0\"> </span>183,137<span class=\"_ _38\"> </span>107<span class=\"_ _7\"/>,093</span>-1,680<span class=\"_ _86\"> </span>391,98<span class=\"_ _1\"/>4Ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t of moveme<span class=\"_ _1\"/>nt in foreign e<span class=\"_ _1\"/>xchange r<span class=\"_ _1\"/>ates-<span class=\"_ _e3\"> </span>---9,229 - <span class=\"_ _96\"> </span>18 <span class=\"_ _21\"> </span>9,247 Oth<span class=\"_ _1\"/>er changes*<span class=\"_ _26b\"> </span><span class=\"ff8 fs6 fc14\">1,947<span class=\"_ _5d\"> </span>2,602<span class=\"_ _fc\"> </span>21<span class=\"_ _1c9\"> </span>3,080<span class=\"_ _20\"> </span>31,102</span>-(140)<span class=\"_ _c0\"> </span>38,612Bal<span class=\"_ _1\"/>ance at 3<span class=\"_ _1\"/>1 De<span class=\"_ _1\"/>cemb<span class=\"_ _1\"/>er 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1-92,<span class=\"_ _6\"/>123 <span class=\"_ _84\"> </span>12,521 <span class=\"_ _f9\"> </span>186,<span class=\"_ _1\"/>217 <span class=\"_ _39\"> </span>147<span class=\"_ _7\"/>,424 -1,558 <span class=\"_ _111\"> </span>439,843 *Other changes i<span class=\"_ _6\"/>nclude i<span class=\"_ _6\"/>nterest<span class=\"_ _6\"/> payments, accrued i<span class=\"_ _6\"/>nterest, amortisation, and<span class=\"_ _6\"/> new/modification<span class=\"_ _6\"/> of lea<span class=\"_ _6\"/>ses.3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>6 <span class=\"_ _26c\"> </span><span class=\"ff2 fs3 lsfd ws109\">Cov<span class=\"_ _6\"/>enant requirements</span>The se<span class=\"_ _1\"/>nior fac<span class=\"_ _1\"/>ility agr<span class=\"_ _1\"/>eement (\u201cS<span class=\"_ _1\"/>FA<span class=\"_ _7\"/>\u201d<span class=\"_ _1\"/>) contains vari<span class=\"_ _1\"/>ous aff<span class=\"_ _1\"/>irmative and ne<span class=\"_ _1\"/>gative covenants and event<span class=\"_ _1\"/>s of default<span class=\"_ _1\"/>. The prin<span class=\"_ _1\"/>cipal covenants require<span class=\"_ _1\"/>ments in th<span class=\"_ _1\"/>e SFA related to th<span class=\"_ _1\"/>e senior d<span class=\"_ _1\"/>ebt are defin<span class=\"_ _1\"/>ed as follows (all including the impa<span class=\"_ _1\"/>ct of I<span class=\"_ _1\"/>FRS 1<span class=\"_ _1\"/>6): <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Solve<span class=\"_ _1\"/>nc<span class=\"_ _1\"/>y ratio: shareho<span class=\"_ _1\"/>lders\u2019 e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y as a percentage of t<span class=\"_ _1\"/>he balance sheet tot<span class=\"_ _1\"/>al.   <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Net le<span class=\"_ _1\"/>verag<span class=\"_ _1\"/>e for purp<span class=\"_ _1\"/>ose of covenant calculations: net debt di<span class=\"_ _1\"/>vided by a<span class=\"_ _1\"/>djusted consolidated E<span class=\"_ _1\"/>BIT<span class=\"_ _1\"/>DA for purp<span class=\"_ _1\"/>ose of covenant calculations<span class=\"_ _1\"/>. The lo<span class=\"_ _1\"/>ok<span class=\"_ _6\"/>-back pe<span class=\"_ _1\"/>riod is twelve months. <span class=\"_ _44\"/><span class=\"ff3\">\u25a0</span>Interest cover<span class=\"_ _1\"/>age: adjusted conso<span class=\"_ _1\"/>lidated EB<span class=\"_ _1\"/>ITDA f<span class=\"_ _1\"/>or purpose of covenant cal<span class=\"_ _1\"/>culations divide<span class=\"_ _1\"/>d by consolidated interest e<span class=\"_ _1\"/>xpense. T<span class=\"_ _1\"/>he loo<span class=\"_ _1\"/>k<span class=\"_ _7\"/>-ba<span class=\"_ _1\"/>ck peri<span class=\"_ _1\"/>od is t<span class=\"_ _1\"/>welve months<span class=\"_ _1\"/>.2022<span class=\"_ _a5\"> </span><span class=\"ff7 ls1dc ws1e2\">2021</span>Principal cov<span class=\"_ _6\"/>enantsTa<span class=\"_ _1\"/>rg<span class=\"_ _1\"/>e<span class=\"_ _1\"/>t<span class=\"_ _e3\"> </span><span class=\"ls1e8 ws1ee\">Actual<span class=\"_ _ce\"> </span><span class=\"ls19e ws19e\">Headroom<span class=\"_ _e3\"> </span></span></span>Tar<span class=\"_ _1\"/>g<span class=\"_ _1\"/>e<span class=\"_ _1\"/>t<span class=\"_ _26d\"> </span><span class=\"ls1e8 ws1ee\">Actu<span class=\"_ _1\"/>al<span class=\"_ _55\"> </span><span class=\"ls19e ws19e\">Headro<span class=\"_ _1\"/>om</span></span>Solvency ratio<span class=\"_ _99\"> </span>&gt;=33.33<span class=\"_ _1\"/>%<span class=\"_ _9f\"> </span>51.0<span class=\"_ _1\"/>%<span class=\"_ _10b\"> </span>17<span class=\"_ _7\"/>.67<span class=\"_ _0\"/>%<span class=\"_ _ce\"> </span>&gt;=33.33<span class=\"_ _0\"/>%<span class=\"_ _120\"> </span>4<span class=\"_ _1\"/>6.3<span class=\"_ _1\"/>%<span class=\"_ _145\"> </span>12.97<span class=\"_ _0\"/>%Net leverage<span class=\"_ _118\"> </span>=&lt;3.25<span class=\"_ _1\"/>:<span class=\"_ _1\"/>1<span class=\"_ _9b\"> </span>0.93<span class=\"_ _21f\"> </span>2.32<span class=\"_ _33\"> </span><span class=\"ff8 fc14\">=&lt;3.<span class=\"_ _1\"/>25<span class=\"_ _1\"/>:1<span class=\"_ _20\"> </span>1.7<span class=\"_ _1\"/>1<span class=\"_ _5f\"> </span>1.54</span>Interest covera<span class=\"_ _1\"/>ge<span class=\"_ _ed\"> </span>&gt;=2.5<span class=\"_ _1\"/>0<span class=\"_ _1\"/>:1<span class=\"_ _5f\"> </span><span class=\"ls1fd ws20a\">7.<span class=\"_ _0\"/>0<span class=\"_ _0\"/>5<span class=\"_ _a1\"> </span></span>4.5<span class=\"_ _1\"/>5<span class=\"_ _33\"> </span>&gt;=2.50:<span class=\"_ _1\"/>1<span class=\"_ _b4\"> </span>4.60<span class=\"_ _92\"> </span>2<span class=\"_ _1\"/>.Fugro\u2019s right to defe<span class=\"_ _1\"/>r sett<span class=\"_ _1\"/>lement of non-<span class=\"_ _1\"/>current liabilities fo<span class=\"_ _1\"/>r at least t<span class=\"_ _1\"/>welve months af<span class=\"_ _1\"/>ter the repor<span class=\"_ _1\"/>ting period is<span class=\"_ _6\"/> sub<span class=\"_ _6\"/>ject to compli<span class=\"_ _6\"/>ance<span class=\"_ _6\"/> with specified cond<span class=\"_ _6\"/>itions wi<span class=\"_ _6\"/>thin twelve months af<span class=\"_ _1\"/>ter the re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ting p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d. The covenant testing dates ar<span class=\"_ _1\"/>e 31 De<span class=\"_ _1\"/>cember, 31 March, 3<span class=\"_ _1\"/>0 June and 3<span class=\"_ _1\"/>0 Septe<span class=\"_ _1\"/>mber. The senior R<span class=\"_ _1\"/>CF<span class=\"_ _7\"/>, t<span class=\"_ _1\"/>he senior te<span class=\"_ _1\"/>rm loan, t<span class=\"_ _1\"/>he lease liabilities of t<span class=\"_ _1\"/>he t<span class=\"_ _1\"/>wo geote<span class=\"_ _1\"/>chnical vessels and subo<span class=\"_ _1\"/>rdinated conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds due Novemb<span class=\"_ _1\"/>er 20<span class=\"_ _1\"/>24 shall be<span class=\"_ _1\"/>come immediately du<span class=\"_ _1\"/>e and payable w<span class=\"_ _1\"/>hen the<span class=\"_ _1\"/>re is a change of control event<span class=\"_ _1\"/>. Event<span class=\"_ _1\"/>s of default on<span class=\"_ _6\"/> the senior deb<span class=\"_ _6\"/>t include<span class=\"_ _6\"/> non-pa<span class=\"_ _6\"/>yment, non-comp<span class=\"_ _6\"/>lianc<span class=\"_ _6\"/>e, mis<span class=\"_ _6\"/>representa<span class=\"_ _6\"/>tion, cessation of business, c<span class=\"_ _1\"/>ross<span class=\"_ _6\"/>-default<span class=\"_ _1\"/>, insolven<span class=\"_ _1\"/>cy eve<span class=\"_ _1\"/>nts, cr<span class=\"_ _1\"/>editors\u2019 p<span class=\"_ _1\"/>rocess, enfor<span class=\"_ _1\"/>cement of secur<span class=\"_ _1\"/>ity, illegalit<span class=\"_ _1\"/>y, material adv<span class=\"_ _1\"/>erse chang<span class=\"_ _1\"/>e \u2013 including any event or circumstan<span class=\"_ _1\"/>ce which in the major<span class=\"_ _1\"/>it<span class=\"_ _1\"/>y lender<span class=\"_ _1\"/>s\u2019 reasonable op<span class=\"_ _1\"/>inion has a material adve<span class=\"_ _1\"/>rse ef<span class=\"_ _1\"/>fec<span class=\"_ _1\"/>t on the abilit<span class=\"_ _1\"/>y to per<span class=\"_ _1\"/>form or otherwise com<span class=\"_ _6\"/>ply with the pa<span class=\"_ _6\"/>yment obli<span class=\"_ _6\"/>gations<span class=\"_ _6\"/> under the agreemen<span class=\"_ _6\"/>ts or on the bus<span class=\"_ _6\"/>iness, operations, propert<span class=\"_ _1\"/>y, c<span class=\"_ _7\"/>ondition or prospects of the Group taken a<span class=\"_ _7\"/>s a whole. Event<span class=\"_ _1\"/>s of default on th<span class=\"_ _1\"/>e subordinated conver<span class=\"_ _1\"/>tible b<span class=\"_ _1\"/>onds due N<span class=\"_ _1\"/>ovember 2<span class=\"_ _1\"/>024 includ<span class=\"_ _1\"/>e failure<span class=\"_ _6\"/> to pay<span class=\"_ _7\"/>, conversion, breac<span class=\"_ _6\"/>h of agr<span class=\"_ _6\"/>eement, cross<span class=\"_ _7\"/>-acc<span class=\"_ _6\"/>eleration, insolvency,<span class=\"_ _6\"/> insolv<span class=\"_ _6\"/>enc<span class=\"_ _1\"/>y proc<span class=\"_ _7\"/>eeding<span class=\"_ _7\"/>s, cred<span class=\"_ _6\"/>it<span class=\"_ _6\"/>ors\u2019<span class=\"_ _7\"/> proce<span class=\"_ _6\"/>ss,<span class=\"_ _6\"/> an<span class=\"_ _6\"/>alog<span class=\"_ _6\"/>ou<span class=\"_ _6\"/>s pr<span class=\"_ _6\"/>oce<span class=\"_ _6\"/>edi<span class=\"_ _6\"/>ng<span class=\"_ _6\"/>s a<span class=\"_ _6\"/>nd c<span class=\"_ _7\"/>essa<span class=\"_ _7\"/>tion o<span class=\"_ _7\"/>f bus<span class=\"_ _7\"/>ines<span class=\"_ _6\"/>s.In the ev<span class=\"_ _1\"/>ent that the company brea<span class=\"_ _1\"/>ches any of the covenant<span class=\"_ _1\"/>s or an event of default be<span class=\"_ _1\"/>comes applicable<span class=\"_ _1\"/>, lende<span class=\"_ _1\"/>rs may require Fu<span class=\"_ _1\"/>gro to immediately an<span class=\"_ _1\"/>d fully prep<span class=\"_ _1\"/>ay the relev<span class=\"_ _1\"/>ant liabilities including re<span class=\"_ _1\"/>lated liabilities subjec<span class=\"_ _1\"/>t to cross-default and<span class=\"_ _1\"/>/or cross<span class=\"_ _6\"/>-acceler<span class=\"_ _1\"/>ation clauses. T<span class=\"_ _1\"/>he carr<span class=\"_ _1\"/>y<span class=\"_ _1\"/>ing amount of such relev<span class=\"_ _1\"/>ant liabilities subjec<span class=\"_ _1\"/>t to covenants within t<span class=\"_ _1\"/>welve m<span class=\"_ _1\"/>onths afte<span class=\"_ _1\"/>r the rep<span class=\"_ _1\"/>or<span class=\"_ _1\"/>ting per<span class=\"_ _1\"/>iod is ther<span class=\"_ _1\"/>efore EU<span class=\"_ _1\"/>R 20<span class=\"_ _1\"/>0<span class=\"_ _1\"/>.<span class=\"_ _1\"/>2 million. Note div<span class=\"_ _1\"/>idend pay<span class=\"_ _1\"/>ments are re<span class=\"_ _1\"/>stric<span class=\"_ _1\"/>ted. D<span class=\"_ _1\"/>ividen<span class=\"_ _1\"/>ds may only be paid if n<span class=\"_ _1\"/>et levera<span class=\"_ _1\"/>ge is equal to or less than 2<span class=\"_ _1\"/>.<span class=\"_ _1\"/>5<span class=\"_ _1\"/>0:<span class=\"_ _1\"/>0<span class=\"_ _1\"/>, and distributi<span class=\"_ _1\"/>ons are cappe<span class=\"_ _1\"/>d at 60<span class=\"_ _1\"/>% of net profit<span class=\"_ _1\"/>. Fugro compli<span class=\"_ _1\"/>ed with th<span class=\"_ _1\"/>e covenant requirement<span class=\"_ _1\"/>s in the SFA as of 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2<span class=\"_ _1\"/>. Fugro exp<span class=\"_ _1\"/>ec<span class=\"_ _1\"/>ts to comply wit<span class=\"_ _1\"/>h its covenants in th<span class=\"_ _1\"/>e tw<span class=\"_ _1\"/>elve months af<span class=\"_ _1\"/>ter the re<span class=\"_ _1\"/>por<span class=\"_ _1\"/>ting p<span class=\"_ _1\"/>erio<span class=\"_ _1\"/>d, with ade<span class=\"_ _1\"/>quate headroom.3<span class=\"_ _1\"/>0.<span class=\"_ _1\"/>7 <span class=\"_ _181\"> </span><span class=\"ff2 fs3 ls162 ws16f\">Susta<span class=\"_ _1\"/>inabilit<span class=\"_ _1\"/>y-linked KPIs</span>Year ini<span class=\"_ _1\"/>tia<span class=\"_ _1\"/>l Ac<span class=\"_ _1\"/>tua<span class=\"_ _1\"/>l An<span class=\"_ _1\"/>nual t<span class=\"_ _1\"/>arg<span class=\"_ _1\"/>et Sustainabilit<span class=\"_ _1\"/>y-linked KPI\u2019s<span class=\"_ _22d\"> </span><span class=\"ls1b5 ws1b9\">Initial sc<span class=\"_ _6\"/>ore</span>score<span class=\"_ _1d7\"> </span><span class=\"ls216 ws226\">Ta<span class=\"_ _1\"/>r<span class=\"_ _1\"/>ge<span class=\"_ _1\"/>t s<span class=\"_ _1\"/>c<span class=\"_ _1\"/>or<span class=\"_ _1\"/>e</span>scorem<span class=\"_ _1\"/>et<span class=\"_ _1\"/> (y<span class=\"_ _1\"/>es<span class=\"_ _1\"/>/n<span class=\"_ _1\"/>o)2022<span class=\"_ _5d\"> </span>2023<span class=\"_ _5d\"> </span><span class=\"ls13 ws1fb\">2024<span class=\"_ _73\"> </span></span>202<span class=\"_ _1\"/>5<span class=\"_ _61\"> </span><span class=\"ff1\">2<span class=\"_ _1\"/>022<span class=\"_ _5d\"> </span>2022</span>Reduction CO emiss<span class=\"_ _7\"/>ion intens<span class=\"_ _6\"/>ity vessels<span class=\"_ _26e\"> </span><span class=\"ff8 ls2 ws2\">15.8 tonnes C<span class=\"_ _7\"/>O</span>/operational day<span class=\"_ _87\"> </span><span class=\"ls43 ws4b\">2020</span>-5%-10<span class=\"_ _1\"/>%-15<span class=\"_ _1\"/>%-20<span class=\"_ _1\"/>%-13<span class=\"_ _1\"/>%<span class=\"_ _7a\"> </span><span class=\"ls1fd ws20a\">Ye<span class=\"_ _1\"/>s</span>22Gro<span class=\"_ _1\"/>wt<span class=\"_ _1\"/>h in revenue f<span class=\"_ _1\"/>rom rene<span class=\"_ _1\"/>wables m<span class=\"_ _1\"/>arket seg<span class=\"_ _1\"/>ment <span class=\"_ _26f\"> </span><span class=\"ff8\">EUR 351.5 million<span class=\"_ _d1\"> </span>2021<span class=\"_ _1a\"> </span></span>10<span class=\"_ _0\"/>%<span class=\"_ _8d\"> </span>28<span class=\"_ _1\"/>%<span class=\"_ _8d\"> </span>50%<span class=\"_ _60\"> </span><span class=\"ls43 ws4b\">60<span class=\"_ _1\"/>%<span class=\"_ _24\"> </span></span><span class=\"ff8\">+48<span class=\"_ _0\"/>%<span class=\"_ _b1\"> </span><span class=\"ls1fd ws20a\">Ye<span class=\"_ _0\"/>s</span></span>Percen<span class=\"_ _6\"/>tage women in sen<span class=\"_ _6\"/>ior managemen<span class=\"_ _6\"/>t position<span class=\"_ _6\"/>s<span class=\"_ _270\"> </span><span class=\"ff8 ls2 ws2\">15.4<span class=\"_ _1\"/>%<span class=\"_ _8d\"> </span>2<span class=\"_ _1\"/>021<span class=\"_ _ae\"> </span></span>16<span class=\"_ _1\"/>%<span class=\"_ _5d\"> </span>17<span class=\"_ _3\"/>.5<span class=\"_ _0\"/>%<span class=\"_ _60\"> </span>20<span class=\"_ _0\"/>%<span class=\"_ _8d\"> </span><span class=\"ls1e5 ws1eb\">25<span class=\"_ _1\"/>%<span class=\"_ _ae\"> </span></span><span class=\"ff8\">19<span class=\"_ _0\"/>%<span class=\"_ _b1\"> </span><span class=\"ls1fd ws20a\">Ye<span class=\"_ _0\"/>s</span></span>The sustainab<span class=\"_ _1\"/>ility-linked key p<span class=\"_ _1\"/>erf<span class=\"_ _1\"/>ormance indicator<span class=\"_ _1\"/>s are defin<span class=\"_ _1\"/>ed in the Fu<span class=\"_ _1\"/>gro sustainabilit<span class=\"_ _1\"/>y-linked financing f<span class=\"_ _1\"/>ramew<span class=\"_ _1\"/>ork as published on t<span class=\"_ _1\"/>he company<span class=\"_ _1\"/>\u2019<span class=\"_ _6\"/>s website (caption investors / result<span class=\"_ _1\"/>s and publicati<span class=\"_ _1\"/>ons<span class=\"_ _7\"/>). T<span class=\"_ _1\"/>he repo<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ing criteria use<span class=\"_ _1\"/>d for the p<span class=\"_ _1\"/>reparat<span class=\"_ _1\"/>ion of the KP<span class=\"_ _1\"/>I\u2019s are the r<span class=\"_ _1\"/>epor<span class=\"_ _1\"/>ting cr<span class=\"_ _1\"/>iteria deve<span class=\"_ _1\"/>lope<span class=\"_ _1\"/>d by Fugro N<span class=\"_ _1\"/>V and are disclosed in s<span class=\"_ _1\"/>ect<span class=\"_ _1\"/>ion 2<span class=\"_ _1\"/>.2 (selec<span class=\"_ _1\"/>tion of key pe<span class=\"_ _1\"/>rfo<span class=\"_ _1\"/>rmance indicator<span class=\"_ _1\"/>s<span class=\"_ _7\"/>) of th<span class=\"_ _1\"/>e frame<span class=\"_ _1\"/>work<span class=\"_ _1\"/>. The init<span class=\"_ _1\"/>ial scores in the tabl<span class=\"_ _1\"/>e above are b<span class=\"_ _1\"/>ased on the p<span class=\"_ _1\"/>erf<span class=\"_ _1\"/>ormance of the G<span class=\"_ _1\"/>roup in respe<span class=\"_ _1\"/>ct of each K<span class=\"_ _1\"/>PI fo<span class=\"_ _1\"/>r the financ<span class=\"_ _1\"/>ial year ende<span class=\"_ _1\"/>d 31 D<span class=\"_ _1\"/>ecember 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>0, 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>1 and 20<span class=\"_ _1\"/>21 respe<span class=\"_ _1\"/>cti<span class=\"_ _1\"/>vely. There is no re<span class=\"_ _1\"/>quirement fro<span class=\"_ _1\"/>m the le<span class=\"_ _1\"/>nders t<span class=\"_ _1\"/>hat obliges Fugro to use t<span class=\"_ _1\"/>he bor<span class=\"_ _1\"/>rowing for \u2018green\u2019 p<span class=\"_ _1\"/>rojec<span class=\"_ _1\"/>ts<span class=\"_ _1\"/>. Failure to meet these K<span class=\"_ _1\"/>PIs do<span class=\"_ _1\"/>es not tri<span class=\"_ _1\"/>gger a def<span class=\"_ _1\"/>ault event or an earl<span class=\"_ _1\"/>y repayme<span class=\"_ _1\"/>nt.An interest discount or p<span class=\"_ _1\"/>enalt<span class=\"_ _1\"/>y of bet<span class=\"_ _1\"/>ween 5 b<span class=\"_ _1\"/>asi<span class=\"_ _6\"/>s point<span class=\"_ _1\"/>s and 1<span class=\"_ _1\"/>0 basis points will be applie<span class=\"_ _1\"/>d on the margin pay<span class=\"_ _1\"/>able on the re<span class=\"_ _1\"/>volving cre<span class=\"_ _1\"/>dit facilit<span class=\"_ _1\"/>y and th<span class=\"_ _1\"/>e term loan b<span class=\"_ _1\"/>ased on the p<span class=\"_ _1\"/>erf<span class=\"_ _1\"/>ormance of Fugro against sp<span class=\"_ _1\"/>ecifi<span class=\"_ _1\"/>ed targe<span class=\"_ _1\"/>ts for thr<span class=\"_ _1\"/>ee key pe<span class=\"_ _1\"/>rfor<span class=\"_ _1\"/>mance indicator<span class=\"_ _1\"/>s:Num<span class=\"_ _1\"/>ber of t<span class=\"_ _1\"/>arge<span class=\"_ _1\"/>ts me<span class=\"_ _1\"/>t<span class=\"_ _42\"> </span><span class=\"ff2 fs36 ls2\">Term l<span class=\"_ _1\"/>oan a<span class=\"_ _1\"/>nd RC<span class=\"_ _1\"/>F</span>0<span class=\"_ _bc\"> </span><span class=\"ff8\">+/+ 10 bps</span>1<span class=\"_ _230\"> </span><span class=\"ff8\">No adjustment</span>2-/- 5 bps3-/- 10 bps",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-157-4": {
   "value": "30.  FINANCIAL LIABILITIESPledged assets (collateral)Carrying amount  31 December (EUR x 1,000)2022Net equity value of guarantors (aggregated) 2,802,319Bank accounts (of Dutch, Cura\u00e7ao and other foreign subsidiaries) 38,409Intercompany receivables (of Dutch, Cura\u00e7ao and other foreign subsidiaries) 743,511Guarantees (liens) related to the senior revolving credit facility and senior term loan are EUR 200 million (the drawn amount) as of 31 December 2022 (2021: EUR 188 million drawn amount).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-157-5": {
   "value": "30.  FINANCIAL LIABILITIESThe Group\u2019s financial liabilities consist of loans and borrowings, lease liabilities, bank overdrafts, trade and other payables, other taxes and social security contributions. All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the effective interest rate method. Gains and losses are recognisedin profit or loss when the liabilities are derecognised. The effective interest rate amortisation is included as finance costs in the statement of comprehensive income. Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the effective interest rate. The fair value of the liability portion of a convertible bond is initially determined using amarket interest rate for an equivalent non-convertible bond at the issue date. This amount is recorded as a liability on an amortised cost basis until extinguished on conversion, redemption, or maturity of the bonds. The remainder of the proceeds is allocated to the conversion option. This is recognised and included in shareholders\u2019 equity (in a separate category \u2018equity component of convertible bonds\u2019), net of income tax effects and is not subsequently remeasured. This remaining equity component is transferred to retained earnings upon repurchase or repayment of convertible bonds.The Group has not designated any financial liability as at fair value through profit or loss.The Group derecognises a financial liability when its contractual obligations are discharged, cancelled or expired. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognised in the statement of profit or loss.Financial assets and liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Group has a currently enforceable legal right to offset the recognised amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.30.1  Loans and borrowings(EUR x 1,000) 2022 2021Super senior revolving credit facility of EUR 250 million-12,521Senior term loan of EUR 200 million 200,234-Super senior term loan of EUR 200 million-186,217Nine hundred and ten subordinated unsecured convertible bonds of EUR 100,000 (issued in 2017) 40,348 92,123Other loans and long-term borrowings 4,886 1,558Subtotal 245,468 292,419Less: current portion of loans and borrowings (3,801) (93,241)Balance at 31 December 241,667 199,178Terms and debt repayment scheduleTerms and conditions of outstanding loans were as follows:(EUR x 1,000) 2022 2021Year of  Carrying Carrying Currency Nominal interest ratematurity Face valuevalue Face valuevalueSenior RCF of EUR 140 million and ancillary facility of EUR 60 million EUR/Variable    EURIBOR + 1.75% \u2013 3.75%   2025   - - - -Super senior revolving credit facility of EUR 250 million EUR EURIBOR +2.75%-5.50% 2023- -12,500 12,521Senior term loan of EUR 200 million EUR    EURIBOR +3.25%- +5.00% 2025    200,000 200,234- -Super senior term loan of EUR 200 million EUR    EURIBOR +5.50%- +8.00% 2023   - -188,000 186,217Subordinated unsecured convertible bonds of EUR 100 million (issued 2017) EUR   4.50%   2024   42,500 40,348 100,000 92,123Other long-term loans Variable 4% - 5.51% 2023-2024 4,886 4,886 1,558 1,558Balance at 31 December 247,386 245,468 302,058 292,41930.4  Subordinated unsecured convertible bondsSimultaneously with the broader refinancing, Fugro repurchased EUR 9 million in principal amount (ninety bonds) of the outstanding subordinated convertible bonds due 2024 via a private transaction with Stichting Value Partners Family Office. The ninety bonds repurchased were cancelled in accordance with the terms and conditions. The repurchase price was EUR 100,000 per EUR 100,000 in principal amount of such bonds. The consideration paid on 28 July 2022 was allocated to the liability in full (there was no residual that was assigned to the equity component). The debt settlement gain was EUR 0.6 million and presented in finance expense.In accordance with the terms and conditions, bond holders could at their discretion require the early redemption at par on the fifth anniversary of their issue. During the notice period, which ended on 16 September 2022, Fugro received early redemption notices for an aggregate amount of EUR 48.5 million. The total amount of EUR 48.5 million (principal and accrued interest) was repaid on 2 November 2022. The consideration paid was allocated to the liability (EUR 45.5 million) and equity component (EUR 4.0 million). The debt settlement gain was EUR 1.0 million and presented in finance income.The total portion of the equity component pertaining to the convertible bonds fully redeemed during 2022 was transferred to retained earnings for an amount of EUR 2.7 million.As at 31 December 2022, the carrying amount of the EUR 100 million subordinated unsecured convertible bonds due 2024 amounts to EUR 40.3 million (31 December 2021: 92.1 million) with an effective interest expense (at 8.1%) of EUR 6.5 million in 2022 (2021: EUR 7.1 million). A EUR 4.4 million coupon of 4.5% has been paid in 2022 (2021: 4.5 million). The conversion price is EUR 19.6490. Unless previously redeemed, converted or purchased and cancelled, these remaining bonds will be redeemed at their principal amount on or around 2 November 2024. Upon exercise of their conversion rights, these bonds will be convertible into ordinary shares at a conversion rate of 5,089.3175 for each bond held, representing ordinary shares in the capital of Fugro. The initial conversion price was set at EUR 14.9412. The ordinary shares underlying the bonds corresponded to approximately 1.9% of the company\u2019s issued share capital. Fugro has the option to convert all but not some of these outstanding bonds into ordinary shares at the then prevailing conversion price at any time since 23 November 2020, if the value of the ordinary shares underlying a bond exceeds EUR 150 thousand for a specified period of time. Holders of the bonds have the option to force redemption of the principal amount plus interest (in cash) by Fugro in the event of a change in control. Fugro has an early redemption option (clean-up call) if 15% or less of the aggregate principal amount of the bonds remains outstanding. Fugro has an option to redeem all, but not some of the bonds in the event of certain changes in tax law.The Group considers the bonds as a compound financial instrument containing a debt host (including closely related embedded liability derivatives) and an embedded equity derivative (conversion option). The subordinated convertible bonds are publicity traded on the Frankfurt stock exchange. The conversion price of the bonds is subject to standard anti-dilution adjustments such as in the event of share consolidations, share splits, capital distributions, rights issues and bonus issues and in the event of a change in control, a merger, or other events.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSubordinatedLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-157-6": {
   "value": "30.  FINANCIAL LIABILITIESThe Group\u2019s financial liabilities consist of loans and borrowings, lease liabilities, bank overdrafts, trade and other payables, other taxes and social security contributions. All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the effective interest rate method. Gains and losses are recognisedin profit or loss when the liabilities are derecognised. The effective interest rate amortisation is included as finance costs in the statement of comprehensive income. Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the effective interest rate. The fair value of the liability portion of a convertible bond is initially determined using amarket interest rate for an equivalent non-convertible bond at the issue date. This amount is recorded as a liability on an amortised cost basis until extinguished on conversion, redemption, or maturity of the bonds. The remainder of the proceeds is allocated to the conversion option. This is recognised and included in shareholders\u2019 equity (in a separate category \u2018equity component of convertible bonds\u2019), net of income tax effects and is not subsequently remeasured. This remaining equity component is transferred to retained earnings upon repurchase or repayment of convertible bonds.30.1  Loans and borrowings(EUR x 1,000) 2022 2021Super senior revolving credit facility of EUR 250 million-12,521Senior term loan of EUR 200 million 200,234-Super senior term loan of EUR 200 million-186,217Nine hundred and ten subordinated unsecured convertible bonds of EUR 100,000 (issued in 2017) 40,348 92,123Other loans and long-term borrowings 4,886 1,558Subtotal 245,468 292,419Less: current portion of loans and borrowings (3,801) (93,241)Balance at 31 December 241,667 199,17830.4  Subordinated unsecured convertible bondsSimultaneously with the broader refinancing, Fugro repurchased EUR 9 million in principal amount (ninety bonds) of the outstanding subordinated convertible bonds due 2024 via a private transaction with Stichting Value Partners Family Office. The ninety bonds repurchased were cancelled in accordance with the terms and conditions. The repurchase price was EUR 100,000 per EUR 100,000 in principal amount of such bonds. The consideration paid on 28 July 2022 was allocated to the liability in full (there was no residual that was assigned to the equity component). The debt settlement gain was EUR 0.6 million and presented in finance expense.In accordance with the terms and conditions, bond holders could at their discretion require the early redemption at par on the fifth anniversary of their issue. During the notice period, which ended on 16 September 2022, Fugro received early redemption notices for an aggregate amount of EUR 48.5 million. The total amount of EUR 48.5 million (principal and accrued interest) was repaid on 2 November 2022. The consideration paid was allocated to the liability (EUR 45.5 million) and equity component (EUR 4.0 million). The debt settlement gain was EUR 1.0 million and presented in finance income.The total portion of the equity component pertaining to the convertible bonds fully redeemed during 2022 was transferred to retained earnings for an amount of EUR 2.7 million.As at 31 December 2022, the carrying amount of the EUR 100 million subordinated unsecured convertible bonds due 2024 amounts to EUR 40.3 million (31 December 2021: 92.1 million) with an effective interest expense (at 8.1%) of EUR 6.5 million in 2022 (2021: EUR 7.1 million). A EUR 4.4 million coupon of 4.5% has been paid in 2022 (2021: 4.5 million). The conversion price is EUR 19.6490. Unless previously redeemed, converted or purchased and cancelled, these remaining bonds will be redeemed at their principal amount on or around 2 November 2024. Upon exercise of their conversion rights, these bonds will be convertible into ordinary shares at a conversion rate of 5,089.3175 for each bond held, representing ordinary shares in the capital of Fugro. The initial conversion price was set at EUR 14.9412. The ordinary shares underlying the bonds corresponded to approximately 1.9% of the company\u2019s issued share capital. Fugro has the option to convert all but not some of these outstanding bonds into ordinary shares at the then prevailing conversion price at any time since 23 November 2020, if the value of the ordinary shares underlying a bond exceeds EUR 150 thousand for a specified period of time. Holders of the bonds have the option to force redemption of the principal amount plus interest (in cash) by Fugro in the event of a change in control. Fugro has an early redemption option (clean-up call) if 15% or less of the aggregate principal amount of the bonds remains outstanding. Fugro has an option to redeem all, but not some of the bonds in the event of certain changes in tax law.The Group considers the bonds as a compound financial instrument containing a debt host (including closely related embedded liability derivatives) and an embedded equity derivative (conversion option). The subordinated convertible bonds are publicity traded on the Frankfurt stock exchange. The conversion price of the bonds is subject to standard anti-dilution adjustments such as in the event of share consolidations, share splits, capital distributions, rights issues and bonus issues and in the event of a change in control, a merger, or other events.30.5  Changes in liabilities arising from financing activitiesThe table below sets out an analysis of the changes in liabilities arising from financing activities in 2022.Subordinated unsecured convertible bonds  Super senior Super senior Lease  Other long-(EUR x 1,000) Senior RCF Term loanEUR 100,000RCFterm loanLiabilitiesterm loans TotalBalance at 1 January 2022- -92,123 12,521 186,217 147,424 1,558 439,843Proceeds from issue of term loan-200,000- - - - -200,000Repayment of super senior RCF / super senior term loan- - -(97,500) (188,000)- -(285,500)Sale and lease back (financing component) - - - - -18,043-18,043Cash flow from financing activities provided by (used for) continued operations- -(57,500) 85,000-(35,944) 3,364 (5,080)Sub-total-200,000 34,623 21 (1,783) 129,523 4,922 367,306Effect of movement in foreign exchange rates- - - - -1,563 (29) 1,534Other changes* 234 5,725 (21) 1,783 37,888 (7) 45,602Balance at 31 December 2022-200,234 40,348- -168,974 4,886 414,442*Other changes include interest payments, accrued interest, transaction costs capitalised against term loan, amortisation, and new/modification of leases.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-157-9": {
   "value": "30.  FINANCIAL LIABILITIESThe Group\u2019s financial liabilities consist of loans and borrowings, lease liabilities, bank overdrafts, trade and other payables, other taxes and social security contributions. All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the effective interest rate method. Gains and losses are recognisedin profit or loss when the liabilities are derecognised. The effective interest rate amortisation is included as finance costs in the statement of comprehensive income. Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the effective interest rate. The fair value of the liability portion of a convertible bond is initially determined using amarket interest rate for an equivalent non-convertible bond at the issue date. This amount is recorded as a liability on an amortised cost basis until extinguished on conversion, redemption, or maturity of the bonds. The remainder of the proceeds is allocated to the conversion option. This is recognised and included in shareholders\u2019 equity (in a separate category \u2018equity component of convertible bonds\u2019), net of income tax effects and is not subsequently remeasured. This remaining equity component is transferred to retained earnings upon repurchase or repayment of convertible bonds.The Group has not designated any financial liability as at fair value through profit or loss.The Group derecognises a financial liability when its contractual obligations are discharged, cancelled or expired. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognised in the statement of profit or loss.Financial assets and liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Group has a currently enforceable legal right to offset the recognised amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.33.  TRADE AND OTHER PAYABLESTrade and other payables represent liabilities for services and goods provided to the group prior to the end of financial year which are unpaid. Trade and other payables are recognised initially at fair value net of any directly attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest rate method.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-157-10": {
   "value": "30.  FINANCIAL LIABILITIESThe Group\u2019s financial liabilities consist of loans and borrowings, lease liabilities, bank overdrafts, trade and other payables, other taxes and social security contributions. All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the effective interest rate method. Gains and losses are recognisedin profit or loss when the liabilities are derecognised. The effective interest rate amortisation is included as finance costs in the statement of comprehensive income. Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the effective interest rate. The fair value of the liability portion of a convertible bond is initially determined using amarket interest rate for an equivalent non-convertible bond at the issue date. This amount is recorded as a liability on an amortised cost basis until extinguished on conversion, redemption, or maturity of the bonds. The remainder of the proceeds is allocated to the conversion option. This is recognised and included in shareholders\u2019 equity (in a separate category \u2018equity component of convertible bonds\u2019), net of income tax effects and is not subsequently remeasured. This remaining equity component is transferred to retained earnings upon repurchase or repayment of convertible bonds.The Group has not designated any financial liability as at fair value through profit or loss.The Group derecognises a financial liability when its contractual obligations are discharged, cancelled or expired. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognised in the statement of profit or loss.Financial assets and liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Group has a currently enforceable legal right to offset the recognised amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-157-11": {
   "value": "30.  FINANCIAL LIABILITIESFinancial assets and liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Group has a currently enforceable legal right to offset the recognised amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-178-6": {
   "value": "31.  EMPLOYEE BENEFITSDefined contribution plansA defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognised as an employee benefit expense in profit or loss in the periods during which services are rendered by employees. Prepaid contributions are recognised as an asset to the extent that a cash refund or a reduction in future payments is available. Contributions to a defined contribution plan that are due more than twelve months after the end of the period in which the employees render the service are discounted to their present value.Defined benefit plansA defined benefit plan is a post-employment benefit plan other than a defined contribution plan. The Group\u2019s net obligation in respect of defined benefit pension plans is calculated separately for each plan by estimating the amount of future benefit that employees have earned in the current and prior periods, discounting that amount and deducting the fair value of any plan assets. The discount rate is the yield at the reporting date on AA credit-rated (high quality) corporate bonds that have maturity dates approximating the terms of the Group\u2019s obligations and that are denominated in the same currency in which the benefits are expected to be paid. The calculation is performed by qualified independent actuaries using the projected unit credit method. When the calculation results in a potential asset for the Group, the recognised asset is limited to the present value of economic benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan. In order to calculate the present value of economic benefits, consideration is given to any minimum funding requirements that apply to any plan in the Group. An economic benefit is available to the Group if it is realisable during the life of the plan, or on settlement of the plan liabilities.Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to equity in other comprehensive income in the period in which they arise. Past-service costs are recognised immediately in profit or loss. Employee contributions for which the amount is independent of the number of years of service are recognised as a reduction of the service costs in the period in which the related services are rendered.When the benefits of a plan are changed or when a plan is curtailed, then resulting change in benefits that relates to past service or the gain or loss on curtailment is recognised immediately in profit or loss. The Group recognises gains and losses on the settlement of a defined benefit plan when the settlement occurs.Other long-term employee benefitsThe Group\u2019s net obligation in respect of long-term employee benefits, other than pension plans, is the amount of future benefit that employees have earned in return for their service in the current and prior periods; that benefit is discounted to determine its present value, and the fair value of any assets is deducted. At the reporting date, the discount rate is determined by reference to the yield on AA credit-rated corporate bonds that have maturity dates approximating the terms of the Group\u2019s obligations and that are denominated in the same currency in which the benefits are expected to be paid. The actuarial calculations are performed using the projected unit credit method. Any actuarial gains or losses are recognised in profit or loss in the period in which they arise.(EUR x 1,000) 2022 2021Net defined benefit asset (21,333) (22,796)Total employee benefit asset (21,333) (22,796)Net defined benefit obligation 8,256 22,272Liability for long-service leave  28,621 25,902Total employee benefit liabilities  36,877 48,174The Group makes contributions to a number of pension plans, both defined benefit plans as well as defined contribution plans, that provide pension benefits for employees upon retirement in a number of countries. The retirement age is in line with the provisions in the different plans. The most important plans relate to plans in the Netherlands, United Kingdom and the United States. Details of these plans are as follows: \u25a0In the Netherlands, the Group provided a pension plan based on average salary. This plan qualified as a defined benefit scheme. The pension entitlements from this plan are insured with an insurance company that guarantees the accrued pension entitlements. Since 2018, this pension plan has been terminated and has been replaced by a new plan pension plan, qualified as a defined contribution scheme, that is applicable as of 2019. The accrued pension entitlements up to 2018 remained at the insurer and indexation is provided to these accrued pension entitlements for active participants. \u25a0In the United Kingdom (UK) the Group operates two defined benefit pension schemes. For Fugro Holdings (FH), the company operates a final salary defined benefit pension scheme. The scheme is an HMRC registered pension scheme and is subject to standard UK pensions and tax law. The Robertson Research International Group Pension Scheme (RRI) is a funded, defined benefit pension plan. The pension schemes have been closed in previous years for new participants but include the on-going obligations to their members (both former and present employees). The pension schemes assets are held in separate Trustee-administered funds. The schemes include indexation in line with RPI. The valuation of both the FH and the RRI scheme resulted in a net defined benefit asset as per 31 December 2022. \u25a0In the United States of America (USA) the Group operates a 401K plan for its employees. The Group contributes towards the deposits of its employees in accordance with agreed rules and taking into account the regulations of the Internal Revenue Service (IRS), the US tax authority. This plan qualifies as a defined contribution plan.The defined benefit obligation and fair value of plan assets are specified as follows:202220222022202120212021(EUR x 1,000)RRI planOtherTotalRRI planOtherTotalPresent value of funded obligations 48,233 263,784 312,017 70,499 431,444 501,943Fair value of plan assets (62,835) (262,259) (325,094) (93,295) (409,172) (502,467)Net defined benefit obligation (asset) (14,602) 1,525 (13,077) (22,796) 22,272 (524)The movements in the present value of the funded obligations and fair value of plan assets consist of the following:2022 2021Net liability Net liability (EUR x 1,000) Obligation Plan assets(asset) Obligation Plan assets(asset)Balance at 1 January 501,943 (502,467) (524) 542,234 (494,853) 47,381Plan amendments and curtailments (past service cost) (5,568) 6,937 1,369-- -Interest expense / (income) 7,358 (7,607) (249) 4,920 (4,502) 418Included in profit or loss (personnel expense) 1,790 (670) 1,120 4,920 (4,502) 418Actuarial losses / (gains): (170,994) 167,699 (3,295) (53,498) 15,497 (38,001) \u25a0(Gain)/loss from change in demographic assumptions 2,241-2,241 (1,563)-(1,563) \u25a0(Gain)/loss from change in financial assumptions (180,728) 167,699 (13,029) (53,079) 15,497 (37,582) \u25a0Experience (gains)/losses 7,493-7,493 1,144-1,144Exchange rate differences (9,881) 11,052 1,171 18,495 (16,736) 1,759Included in other comprehensive income (180,875) 178,751 (2,124) (35,003) (1,239) (36,242)Paid by the employer-(11,514) (11,514)-  (12,081) (12,081)Paid by plan participants- - - ---Benefits paid by the plan (10,841) 10,806 (35) (10,208) 10,208-Other (10,841) (708) (11,549) (10,208) (1,873) (12,081)Present value of the funded obligation at 31 December 312,017 (325,094) (13,077) 501,943 (502,467) (524)The following remeasurements were recognised directly in other comprehensive income:(EUR x 1,000) 2022 2021Cumulative amount at 1 January (35,165) (69,390Remeasurements: 4,745 34,225 \u25a0Recognised during the year 3,295 38,001 \u25a0Effect of movement in exchange rates 1,450 (3,776)Cumulative amount at 31 December (30,420) (35,165The actuarial gain net of tax recognised in other comprehensive income amounts to EUR 2,460 thousand (2021: EUR 31,601 thousand), after income tax recognised of EUR 835 thousand (2021: EUR 6,400 thousand). Actuarial assumptionsPrincipal actuarial assumptions at the reporting date (expressed as a range of weighted averages):2022 2021UK Netherlands UK NetherlandsDiscount rate at 31 December 4.85% 3.60% 1.93% 1.10%Future salary increases 0.0% 0.0% 0.0% 0.0%Future pension increases 1.54% 0.0% 1.51% 0.0%The financial effects of differences between the actuarial assumptions and actuals for the pension liability and plan assets are included in the remeasurements. For the Netherlandslife expectancy assumptions are derived from the Projections Life Table AG2022 from the Royal Dutch Actuarial Association. The mortality table is adjusted to tailor the mortality figures to the insured population by applying the experience factors from the \u2018Centrum voor Verzekeringsstatistiek\u2019: the so-called ES-P2 factors. For the United Kingdom, the mortality basis adopted is the standard table S3PxA with future improvements in line with the Continuous Mortality Investigation\u2019s 2021 projection model with a long term improvement rate of 1.25% per annum for all members.The sensitivity of the defined benefit obligation to changes in the weighted principal assumptions is:Impact on defined benefit obligationChange in assumption Increase in assumption Decrease in assumptionDiscount rate 0.50% Decrease by 7.1% Increase by 8.1%Salary growth rate 0.50% Increase by 0.0% Decrease by 0.0%Pension growth rate 0.50% Increase by 2.1% Decrease by 2.0%Life expectancy 1 year Increase by 2.9% Decrease by 2.9%The sensitivity analyses are based on a change in one assumption while holding all other assumptions constant, so that interdependencies between the assumptions are excluded.Risk exposureThrough its defined benefit pension plans, the Group is exposed to various demographic and economic risks. Most of these risks come with the nature of a defined benefit plan and are therefore not country specific. The most significant risks relate to life expectancy, investment risk, interest rates and inflation. The latter plays a role in the assumed salary increase and especially for those group pension obligations which are linked to inflation, meaning higher inflation will lead to higher liabilities.The Group is actively managing risk related to its defined benefit plans to reduce these risks as much as possible. Specifically for inflation, in most cases caps on the level of inflationary increases are in place to protect the plan against extreme inflation. The majority of the plan\u2019s assets are either unaffected by (fixed interest bonds) or loosely correlated with (equities) inflation, meaning that an increase in inflation will also increase the deficit. Life expectancy risk is particularly significant in the UK plan, where inflationary increases result in higher sensitivity to changes in life expectancy. In the Netherlands this risk is limited as the insurer guarantees the payment of the accrued benefits.Apart from the Group wide risks, local risks are considered to be limited for the Netherlands as in the Netherlands the company terminated its defined benefit scheme in 2018 and the accrued pension entitlements were insured, limiting the risk for the Group to the indexation of the accrued entitlements. The insurance company guarantees all accrued entitlements. The insurance contract includes an account in which 80% of the investments are used to match the liability on a funding basis and 20% of the investments are used to invest in equity. The insurance company ultimately decides on investment policies and governance since they run the downside risk.In the UK, the Trustees set the Scheme\u2019s investment strategy, in consultation with the employer. The Robertson and UK Holdings plan include return seeking assets and bonds. The Robertson plan also includes matching assets to cover the pensioner liabilities. The employer is ultimately responsible for funding the accrued pensions and the pension increases.Major categories of plan assetsPlan assets are comprised as follows:(EUR x 1,000) 2022 2021Quoted Unquoted Total % Quoted Unquoted Total %Equity instruments 7,571-7,571 2% 112,958-112,958 22%Debt instruments 145,414-145,414 45% 131,822-131,822 26%Government 12,733-12,733 4% 10,107-10,107 2%Corporate bonds (Investment grade) 62,515-62,515 19% 76,156-76,156 15%Corporate bonds (Non-investment grade) 70,166-70,166 22% 45,559-45,559 9%Insurance policies-147,352 147,352 45%-233,942 233,942 47%Property 8,984-8,984 3% 13,273-13,273 3%Cash and cash equivalents-15,773 15,773 5% 10,472-10,472Balance at 31 December 161,969 163,125 325,094 100% 268,525 233,942 502,467The expected 2023 contributions amount to EUR 12.2 million (2022: EUR 12.8 million).The weighted average duration of the defined benefit obligation is 18.4 years (2021:  20 years).United Total As at 31 December 2022NetherlandsKingdomweighted Duration of plan 18.0 18.8 18.432.  PROVISIONSA provision is recognised if, as a result of a past event, the Group has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and, where appropriate, the risks specific to the liability. The unwinding of the discount is recognised as finance expenses.A provision for onerous contracts is recognised when it becomes probable that the unavoidable costs of meeting the obligation under the contract exceed the economic benefits expected to be received under it. The unavoidable costs under a contract reflect the least net cost of exiting from the contract, which is the lower of the cost of fulfilling it and any compensation or penalties arising from failure to fulfil it. The costs of fulfilling a contract comprises the costs that relate directly to the contract, i.e. both incremental costs and an allocation of costs directly related to contract activities.A provision for restructuring cost is recognised when the Group (i) has a detailed formal plan for the restructuring identifying at least the business or part of a business concerned, the principal locations affected, the location, function, and approximate number of employees who will be compensated for terminating their services, the expenditures that will be undertaken, and when the plan will be implemented; and (ii) has raised a valid expectation in those affected that it will carry out the restructuring by starting to implement that plan or announcing its main features to those affected by it.Asset retirement obligations are recognised in connection with lease contracts (vessels and property). These obligations are measured at the present value of expected costs to settle the obligation using estimated cash flows and are recognised as part of the costs of the relevant asset. The cash flows are discounted at a current pre-tax rate that reflects the risks specific to the asset retirement obligation. The unwinding of the discount is expensed as incurred and recognised in the statement of comprehensive income as a finance expense.(EUR x 1,000)  2022 2021  Asset  Asset  Onerous retirement Onerous retirement contracts Legal claims Restructuringobligations Totalcontracts  Legal claims Restructuringobligations TotalBalance at 1 January 1,270 14,990 3,086 3,502 22,848 1,515 15,506 5,710 2,563 25,294Provisions made during the year 5,739 1,994 2,783 990 11,506 124 1,225 12,112 820 14,281Provisions used during the year (458) (146) (5,118) (302) (6,024) (126) (2,567) (14,898) (125) (17,716)Provisions reversed during the year-(2,704) 59-(2,645) (358) (1,308) (769)-(2,435)Unwinding of discount- - -70 70- - -93 93Transfer from held for sale- - - - - - -793-793Reclassification-1,306- -1,306-1,937- -1,937Effect of movements in foreign exchange rates (18) 307 41 10 340 115 197 138 151 601Balance at 31 December 6,533 15,747 851 4,270 27,401 1,270 14,990 3,086 3,502 22,848Non-current-12,309-4,270 16,579-11,460 163 3,502 15,125Current 6,533 3,438 851-10,822 1,270 3,530 2,923-7,723Fugro has accounted for certain tax indemnities and warranties in respect of the sale of the majority of the Geoscience business to CGG in 2013 for liabilities arising from tax exposures. This tax indemnity and warranty amounts to EUR 9.8 million as at 31 December 2022 (31 December 2021: EUR 9.8 million).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-178-8": {
   "value": "31.  EMPLOYEE BENEFITSDefined contribution plansA defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognised as an employee benefit expense in profit or loss in the periods during which services are rendered by employees. Prepaid contributions are recognised as an asset to the extent that a cash refund or a reduction in future payments is available. Contributions to a defined contribution plan that are due more than twelve months after the end of the period in which the employees render the service are discounted to their present value.Defined benefit plansA defined benefit plan is a post-employment benefit plan other than a defined contribution plan. The Group\u2019s net obligation in respect of defined benefit pension plans is calculated separately for each plan by estimating the amount of future benefit that employees have earned in the current and prior periods, discounting that amount and deducting the fair value of any plan assets. The discount rate is the yield at the reporting date on AA credit-rated (high quality) corporate bonds that have maturity dates approximating the terms of the Group\u2019s obligations and that are denominated in the same currency in which the benefits are expected to be paid. The calculation is performed by qualified independent actuaries using the projected unit credit method. When the calculation results in a potential asset for the Group, the recognised asset is limited to the present value of economic benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan. In order to calculate the present value of economic benefits, consideration is given to any minimum funding requirements that apply to any plan in the Group. An economic benefit is available to the Group if it is realisable during the life of the plan, or on settlement of the plan liabilities.Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to equity in other comprehensive income in the period in which they arise. Past-service costs are recognised immediately in profit or loss. Employee contributions for which the amount is independent of the number of years of service are recognised as a reduction of the service costs in the period in which the related services are rendered.When the benefits of a plan are changed or when a plan is curtailed, then resulting change in benefits that relates to past service or the gain or loss on curtailment is recognised immediately in profit or loss. The Group recognises gains and losses on the settlement of a defined benefit plan when the settlement occurs.Other long-term employee benefitsThe Group\u2019s net obligation in respect of long-term employee benefits, other than pension plans, is the amount of future benefit that employees have earned in return for their service in the current and prior periods; that benefit is discounted to determine its present value, and the fair value of any assets is deducted. At the reporting date, the discount rate is determined by reference to the yield on AA credit-rated corporate bonds that have maturity dates approximating the terms of the Group\u2019s obligations and that are denominated in the same currency in which the benefits are expected to be paid. The actuarial calculations are performed using the projected unit credit method. Any actuarial gains or losses are recognised in profit or loss in the period in which they arise.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-178-9": {
   "value": "31.  EMPLOYEE BENEFITSDefined benefit plansA defined benefit plan is a post-employment benefit plan other than a defined contribution plan. The Group\u2019s net obligation in respect of defined benefit pension plans is calculated separately for each plan by estimating the amount of future benefit that employees have earned in the current and prior periods, discounting that amount and deducting the fair value of any plan assets. The discount rate is the yield at the reporting date on AA credit-rated (high quality) corporate bonds that have maturity dates approximating the terms of the Group\u2019s obligations and that are denominated in the same currency in which the benefits are expected to be paid. The calculation is performed by qualified independent actuaries using the projected unit credit method. When the calculation results in a potential asset for the Group, the recognised asset is limited to the present value of economic benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan. In order to calculate the present value of economic benefits, consideration is given to any minimum funding requirements that apply to any plan in the Group. An economic benefit is available to the Group if it is realisable during the life of the plan, or on settlement of the plan liabilities.Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to equity in other comprehensive income in the period in which they arise. Past-service costs are recognised immediately in profit or loss. Employee contributions for which the amount is independent of the number of years of service are recognised as a reduction of the service costs in the period in which the related services are rendered.When the benefits of a plan are changed or when a plan is curtailed, then resulting change in benefits that relates to past service or the gain or loss on curtailment is recognised immediately in profit or loss. The Group recognises gains and losses on the settlement of a defined benefit plan when the settlement occurs.Other long-term employee benefitsThe Group\u2019s net obligation in respect of long-term employee benefits, other than pension plans, is the amount of future benefit that employees have earned in return for their service in the current and prior periods; that benefit is discounted to determine its present value, and the fair value of any assets is deducted. At the reporting date, the discount rate is determined by reference to the yield on AA credit-rated corporate bonds that have maturity dates approximating the terms of the Group\u2019s obligations and that are denominated in the same currency in which the benefits are expected to be paid. The actuarial calculations are performed using the projected unit credit method. Any actuarial gains or losses are recognised in profit or loss in the period in which they arise.32.  PROVISIONSA provision is recognised if, as a result of a past event, the Group has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and, where appropriate, the risks specific to the liability. The unwinding of the discount is recognised as finance expenses.A provision for onerous contracts is recognised when it becomes probable that the unavoidable costs of meeting the obligation under the contract exceed the economic benefits expected to be received under it. The unavoidable costs under a contract reflect the least net cost of exiting from the contract, which is the lower of the cost of fulfilling it and any compensation or penalties arising from failure to fulfil it. The costs of fulfilling a contract comprises the costs that relate directly to the contract, i.e. both incremental costs and an allocation of costs directly related to contract activities.A provision for restructuring cost is recognised when the Group (i) has a detailed formal plan for the restructuring identifying at least the business or part of a business concerned, the principal locations affected, the location, function, and approximate number of employees who will be compensated for terminating their services, the expenditures that will be undertaken, and when the plan will be implemented; and (ii) has raised a valid expectation in those affected that it will carry out the restructuring by starting to implement that plan or announcing its main features to those affected by it.Asset retirement obligations are recognised in connection with lease contracts (vessels and property). These obligations are measured at the present value of expected costs to settle the obligation using estimated cash flows and are recognised as part of the costs of the relevant asset. The cash flows are discounted at a current pre-tax rate that reflects the risks specific to the asset retirement obligation. The unwinding of the discount is expensed as incurred and recognised in the statement of comprehensive income as a finance expense.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-191-3": {
   "value": "32.  PROVISIONSA provision is recognised if, as a result of a past event, the Group has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and, where appropriate, the risks specific to the liability. The unwinding of the discount is recognised as finance expenses.A provision for onerous contracts is recognised when it becomes probable that the unavoidable costs of meeting the obligation under the contract exceed the economic benefits expected to be received under it. The unavoidable costs under a contract reflect the least net cost of exiting from the contract, which is the lower of the cost of fulfilling it and any compensation or penalties arising from failure to fulfil it. The costs of fulfilling a contract comprises the costs that relate directly to the contract, i.e. both incremental costs and an allocation of costs directly related to contract activities.A provision for restructuring cost is recognised when the Group (i) has a detailed formal plan for the restructuring identifying at least the business or part of a business concerned, the principal locations affected, the location, function, and approximate number of employees who will be compensated for terminating their services, the expenditures that will be undertaken, and when the plan will be implemented; and (ii) has raised a valid expectation in those affected that it will carry out the restructuring by starting to implement that plan or announcing its main features to those affected by it.Asset retirement obligations are recognised in connection with lease contracts (vessels and property). These obligations are measured at the present value of expected costs to settle the obligation using estimated cash flows and are recognised as part of the costs of the relevant asset. The cash flows are discounted at a current pre-tax rate that reflects the risks specific to the asset retirement obligation. The unwinding of the discount is expensed as incurred and recognised in the statement of comprehensive income as a finance expense.(EUR x 1,000)  2022 2021  Asset  Asset  Onerous retirement Onerous retirement contracts Legal claims Restructuringobligations Totalcontracts  Legal claims Restructuringobligations TotalBalance at 1 January 1,270 14,990 3,086 3,502 22,848 1,515 15,506 5,710 2,563 25,294Provisions made during the year 5,739 1,994 2,783 990 11,506 124 1,225 12,112 820 14,281Provisions used during the year (458) (146) (5,118) (302) (6,024) (126) (2,567) (14,898) (125) (17,716)Provisions reversed during the year-(2,704) 59-(2,645) (358) (1,308) (769)-(2,435)Unwinding of discount- - -70 70- - -93 93Transfer from held for sale- - - - - - -793-793Reclassification-1,306- -1,306-1,937- -1,937Effect of movements in foreign exchange rates (18) 307 41 10 340 115 197 138 151 601Balance at 31 December 6,533 15,747 851 4,270 27,401 1,270 14,990 3,086 3,502 22,848Non-current-12,309-4,270 16,579-11,460 163 3,502 15,125Current 6,533 3,438 851-10,822 1,270 3,530 2,923-7,723Fugro has accounted for certain tax indemnities and warranties in respect of the sale of the majority of the Geoscience business to CGG in 2013 for liabilities arising from tax exposures. This tax indemnity and warranty amounts to EUR 9.8 million as at 31 December 2022 (31 December 2021: EUR 9.8 million).36.  COMMITMENTS NOT INCLUDED IN THE STATEMENT OF FINANCIAL POSITIONBank guaranteesPer 31 December 2022, Fugro\u2019s banks have issued bank guarantees to clients for an amount of EUR 96.9 million (2021: EUR 88.2 million). Capital commitmentsAt 31 December 2022, the Group has EUR 5.5 million contractual obligations to purchase property, plant and equipment (2021: EUR 13.7 million).Climate commitmentsOn 19 February 2021, Fugro announced a target of net zero carbon emissions scope 1 and scope 2 by 2035. In 2022, in support of this target, Fugro started developing science-based targets on its CO emission reduction in line with the Science Based Targets initiative 2(SBTi).  In addition to scope 1 and 2, science-based targets also cover scope 3 emissions. Fugro is a service provider and therefore its client value chain scope 3 emissions are negligible; scope 3 consists of emissions from its supply chain. CO emissions from vessels, 2both owned and leased, account for approximately 80% of Fugro\u2019s combined scope 1 and 2 emissions. Therefore, Fugro\u2019s carbon reduction plan is for a large part a multi-year fleet transition plan, requiring significant multi-year investments. ContingenciesSome Group companies are, as a result of their normal business activities, involved either as plaintiffs or defendants in claims. Based on information presently available and management\u2019s best estimate, it is not probable that the financial position of the Group will be significantly influenced by any of these matters. Should the actual outcome differ from the assumptions and estimates, the financial position of the Group would be impacted. Fugro N.V. and its Dutch operating companies form a fiscal unity for corporate tax. Each of the operating companies is severally liable for corporate tax to be paid by the fiscal unity.Parent company guaranteesIn principle Fugro does not provide parent company guarantees to its subsidiaries, unless commercial reasons exist. Fugro has filed declarations of joint and several liabilities for a number of subsidiaries at the Chamber of Commerce. Fugro has filed a list with the Chamber of Commerce which includes all financial interests of Fugro as well as a reference to each subsidiary for which such a declaration of liability has been provided.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-191-6": {
   "value": "32.  PROVISIONSA provision is recognised if, as a result of a past event, the Group has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and, where appropriate, the risks specific to the liability. The unwinding of the discount is recognised as finance expenses.Asset retirement obligations are recognised in connection with lease contracts (vessels and property). These obligations are measured at the present value of expected costs to settle the obligation using estimated cash flows and are recognised as part of the costs of the relevant asset. The cash flows are discounted at a current pre-tax rate that reflects the risks specific to the asset retirement obligation. The unwinding of the discount is expensed as incurred and recognised in the statement of comprehensive income as a finance expense.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-197-3": {
   "value": "33.  TRADE AND OTHER PAYABLESTrade and other payables represent liabilities for services and goods provided to the group prior to the end of financial year which are unpaid. Trade and other payables are recognised initially at fair value net of any directly attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest rate method.The contracts in progress for which progress billing exceeds costs incurred plus profits recognised to date less progress billings and recognised losses are presented as advance instalments to work in progress.(EUR x 1,000) 2022 2021Trade payables 110,067 111,409Accrued expenses 137,224 139,824Advance instalments to work in progress 71,508 50,514Employee related accruals 65,616 60,188Other liabilities 26,379 21,072Balance at 31 December 410,794 383,007Advance instalments to work in progress primarily represent advances received from customers for which revenue is recognised as services are performed to customers. From the advance instalments to work in progress, an amount of EUR 42,740 thousand has been recognised as revenue that was included in the closing balance as at 31 December 2021 (2020: EUR 40,225 thousand). Accrued expenses primarily represent project cost accruals for goods and services received but which are yet to be invoiced.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-197-7": {
   "value": "33.  TRADE AND OTHER PAYABLESTrade and other payables represent liabilities for services and goods provided to the group prior to the end of financial year which are unpaid. Trade and other payables are recognised initially at fair value net of any directly attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest rate method.The contracts in progress for which progress billing exceeds costs incurred plus profits recognised to date less progress billings and recognised losses are presented as advance instalments to work in progress.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-201-10": {
   "value": "34.  FINANCIAL RISK MANAGEMENT34.4  Market riskMarket risk includes changes in market prices, such as foreign exchange rates, interest rates and equity prices which will affect the Group\u2019s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return.34.4.1  Currency riskThe global nature of the business of the Group exposes the operations and reported financial results and cash flows to the risks arising from fluctuations in exchange rates. Currency risk is the risk that reported financial performance, or the fair value or future cash flows of a financial instrument, will fluctuate because of changes in foreign exchange rates. Fugro operates in many countries and currencies and therefore currency fluctuations may inevitably impact its financial results. Fugro is exposed to currency risk in the following areas: \u25a0Transaction exposures related to anticipated sales and purchases and on-balance-sheet receivables/payables resulting from such transactions. \u25a0Translation exposure resulting from translation of its operations in non-Euro currencies to Euros. \u25a0Translation exposure to equity interests in non-functional-currency investments in associates and financial assets at fair value.To mitigate the impact of currency exchange rate fluctuations, the Group continually assesses the exposure to currency risks and if deemed necessary a portion of those risks is hedged by using derivative financial instruments. The principal derivative financial instruments used to cover foreign currency exposure are forward foreign currency exchange contracts. As of 31 December 2022, there are no material forward foreign currency exchange contracts outstanding (consistent with prior year). It is noted that the senior RCF and senior term loan may also be drawn in US dollar.For foreign exchange exposure arising from intercompany loans, where the Group enters into such arrangements the financing is generally provided in the functional currency of the subsidiary. Interest on external borrowings is denominated in the currency of the borrowing. Generally, the Group\u2019s borrowings are denominated in Euro, consistent with the presentation currency of the group. Borrowing facilities in other currencies, including the US dollar, are also available to the Group. In addition, lease liabilities are generally denominated in currencies that match the cash flows generated by the underlying operations of the Group.Applicable exchange rates at 31 December for major non-Euro currencies to the Euro are shown as follows:  2022 2021 2022 2021  Closing rates Weighted average rates  1 EUR 1 EUR 1 EUR 1 EURAUD 1.5625 1.5625 1.5152 1.5873GBP 0.8850 0.8403 0.8547 0.8547HKD 8.3056 8.8183 8.2242 9.1792NOK 10.5263 10.000 10.1010 10.2041SGD 1.4286 1.5385 1.4493 1.5873USD  1.0638 1.1364 1.0526 1.1765Sensitivity analysisA 10 percent strengthening of the Euro against the mentioned currencies at 31 December would have increased (decreased) total year-end equity and profit or loss for the year by the amounts shown below. This analysis of major non-Euro currencies is based on foreign currency exchange rate variances that the Group considered to be reasonably possible at the reporting date. This analysis assumes that all other variables, in particular interest rates, remain constant and ignores any impact of forecasted sales and purchases.Effect in EUR x 1,000 31 December 2022 31 December 2021Total Profit or (loss) Total  Profit or (loss) equity at after tax for equity at after tax for year-endthe yearyear-endthe yearAUD (3,576) 150 (3,695) 1,140GBP (14,592) 585 (16,176) (829)HKD (13,792) (861) (11,622) (470)NOK (4,012) (1,433) (3,909) (968)SGD (3,554) (470) (2,851) (457)USD (2,870) 3,009 (3,656) 1,695The following table outlines the estimated nominal value exposure arising from translating on-balance-sheet receivables/payables from major non-Euro denominated functional currencies to the Group\u2019s presentation currency Euro:2022Trade Unbilled Trade  WIPProject Exposure in EUR thousandsreceivablesrevenuespayablesAdvancesaccrualsAUD 10,506 26,422 8,453 3,518 12,970GBP 65,380 33,459 20,099 15,330 14,457HKD 10,473 7,466 3,678 6,228 1,990NOK 11,603 4,734 3,277 4,983 1,541SGD 3,840 628 757 1,950 1,086USD 74,361 78,717 26,477 15,195 49,330176,163 151,426 62,741 47,204 81,374Sensitivity+10% 16,015 13,766 5,704 4,291 7,398+15% 22,978 19,751 8,184 6,157 10,6142021Trade Unbilled Trade  WIPProject Exposure in EUR thousandsreceivablesrevenuespayablesAdvancesaccrualsAUD 7,893 28,177 7,551 2,266 13,908GBP 41,269 25,047 15,520 7,988 19,046HKD 10,574 6,029 3,717 4,449 3,637NOK 9,134 2,878 4,319 4,896 1,262SGD 3,309 621 1,401 1,806 1,523USD 66,323 56,650 32,273 9,217 47,392138,502 119,402 64,781 30,622 86,769Sensitivity+10% 12,591 10,855 5,889 2,784 7,888+15% 18,065 15,574 8,450 3,994 11,31834.4.2  Interest rate riskThe Group\u2019s liabilities bear both fixed and variable interests. The Group\u2019s objective is to limit the effect of interest rate changes on the results by matching long term investment with long term (fixed or variable interest) financing as much as possible.ProfileAt the reporting date the interest rate profile of the Group\u2019s interest-bearing financial instruments was:(EUR x 1,000) Carrying amount2022 2021Fixed rate instrumentsFinancial assets 4,500 4,500Financial liabilities (214,233) (241,096)Variable rate instrumentsFinancial assets 209,090 148,956Financial liabilities (202,292) (200,565)Balance at 31 December (202,935) (288,205)Fair value sensitivity analysis for fixed rate instrumentsThe Group does not account for any fixed rate financial assets and liabilities at fair value through profit or loss, and the Group does not designate derivatives (interest rate swaps) as hedging instruments under a fair value hedge accounting model. Therefore, a change in interest rates at the reporting date would not affect profit or loss.Cash flow sensitivity analysis for variable rate instrumentsA change of 100 basis points in interest rates at the reporting date would have increased (decreased) equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency rates, remain constant. At 31 December 2022, it is estimated that a general increase (decrease) of 100 basis points in interest rates would decrease (increase) the Group\u2019s profit before income tax by approximately:(EUR x 1,000) Equity and profit or loss100 bp 100 bp increasedecrease31 December 2022Variable rate instruments 68 (68)Cash flow sensitivity (net) 68 (68)31 December 2021Variable rate instruments (516) 516Cash flow sensitivity (net) (516) 516",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-213-5": {
   "value": "34.3  Liquidity riskLiquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Group\u2019s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Group\u2019s reputation. The global cash pool makes it possible for the company to use the cash surplus within the group to reduce the overdrafts at its main uncommitted facilities.As at 31 December 2022, Fugro holds trapped cash balances in Angola and Nigeria (as quantified in note 26 Cash and cash equivalents), where exchange controls apply. The company expects that these exchange controls will become less when the oil and gas market conditions are expected to improve and when Angola and Nigeria will have increased inflow of USD in relation to their oil business. In addition, several actions have been explored to further lower this amount.The Group monitors cash flow on a regular basis and operates with a global cash pool. Consolidated cash flow information, including a projection for the year, is reported on a monthly basis to the Board of Management, ensuring that the Group has sufficient cash on demand (or available lines of credit) to meet expected near term operational expenditures. Cash flow projections exclude the potential impact of extreme circumstances that cannot reasonably be predicted, such as natural disasters. The Group maintains the following lines of credit: \u25a0A senior term loan facility totalling EUR 200 million refinanced in 2022 under the new Senior Facility arrangement to replace the existing facility (Refer to Note 5 Refinancing 2022 for more details). As at 31 December 2022, the facility was drawn for EUR 200 million (2021: EUR 188 million from the then existing super senior term loan facility totalling EUR 200 million). These bank facilities have been secured until December 2025. Reference is also made to the Senior RCF of EUR 140 million and ancillary facility of EUR 60 million, which are undrawn as of 31 December 2022. \u25a0A variety of unsecured overdraft facilities in various currencies totalling around EUR 74 million of which EUR 2.1 million have been drawn at 31 December 2022 (31 December 2021: EUR 54 million with EUR 1.8 million drawn). The amount of such facilities, to the extent not otherwise permitted under the SFA, that the Group may have outstanding is limited to EUR 15,000,000 in aggregate together with any other financial indebtedness of the Group that is not otherwise permitted under the SFA.The following are the contractual maturities of financial liabilities including interest payments:(EUR x 1,000) 2022Carrying Contractual 6 months  More than  amountcash flowsor less 7 \u2013 12 months 1 \u2013 2 years 3 \u2013 5 years5 yearsSenior term loan EUR 200 million 200,234 225,372 4,283 4,213 8,426 208,450-Subordinated unsecured convertible bonds in EUR 100,000 40,348 46,324 956 956 44,412- -Lease liabilities 168,974 232,238 22,521 55,903 31,245 43,251 79,318Other loans and long-term borrowings  4,886 4,886-3,801 1,085- -Trade and other payables 410,794 410,794 410,794- - - -Bank overdraft 2,059 2,059 2,059- - - -Balance at 31 December 827,295 921,673 440,613 64,873 85,168 251,701 79,318(EUR x 1,000) 2021Carrying Contractual 6 months  More than  amountcash flowsor less 7 \u2013 12 months 1 \u2013 2 years 3 \u2013 5 years5 yearsSuper senior revolving credit facility in EUR 250 million 12,521 12,592 12,592- - - -Super senior term loan EUR 200 million 186,217 214,419 5,671 6,212 202,536- -Subordinated unsecured convertible bonds in EUR 100,000 92,123 113,500 2,250 111,250- - -Lease liabilities 147,424 186,226 16,045 14,586 25,929 66,328 63,338Other loans and long-term borrowings  1,558 1,558 1,558- - - -Trade and other payables 383,007 383,007 383,007- - - -Bank overdraft 1,824 1,824 1,824- - - -Balance at 31 December 824,674 913,126 422,947 132,048 228,465 66,328 63,338The interest included in the above table is based on the current amounts borrowed with current interest rates against the current exchange rate (if applicable). No assumptions are included for possible future changes in borrowings, interest payments or the one year term-extending option on the senior RCF and senior term loan. It is not expected that the cash flows included in the maturity analysis could occur significantly earlier, or at significantly different amounts.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-223-5": {
   "value": "34.5  Capital managementThe Board of Management\u2019s policy is to maintain a strong capital base in order to retain investor, creditor and market confidence and to sustain future development of the business. Capital consists of share capital, retained earnings and non-controlling interests of the Group. Important key performance indicators for the Board of Management are free cash flow, the return on capital as well as the level of dividends. The Board strives for a dividend pay-out ratio of 35 to 55% of net result. Subsequent to the refinancing in 2020 dividend payments are restricted. Over 2022 no dividends will be paid. Dividends may only be paid if net leverage is structually equal to or less than 2.5 times and a maximum of 60% of net profit (refer to 30.6 for the covenant requirements). Targeted solvency is set at, at least 33.3%. The targeted solvency includes the impact of IFRS 16. The solvency at the end of 2022 was 51.0% (2021: 46.3%). The Group\u2019s objective is to achieve a healthy return on shareholders\u2019 equity. As a result, the return, calculated as profit (loss) for the period attributable to owners of the company, divided by the total equity attributable to owners of the company for the year, is 7.03% (positive) in 2022 (2021: 8.4% positive). From time-to-time Fugro purchases its own shares. These shares are used to cover the long-term incentives granted by Fugro. Purchase and sale decisions are made on a specific transaction basis by the Board of Management. Fugro does not have a defined share buy-back plan.There were no changes to the Group\u2019s approach to capital management during the year.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-225-2": {
   "value": "35.  FAIR VALUESDetermination of fair valuesThe fair value of equity and debt securities is determined by reference to their quoted closing bid price at the reporting date, or if unquoted, determined using a valuation technique. Valuation techniques employed include market multiples and discounted cash flow analysis using expected future cash flows and a market-related discount rate.The fair value of receivables is estimated at the present value of future cash flows, discounted at the market rate of interest at the reporting date. This fair value is determined for disclosure purposes.The fair value of forward exchange contracts is based on quoted market prices, if available.Fair value, which is determined for disclosure purposes, is calculated based on the present value of future principal and interest cash flows, discounted at the market rate of interest at the reporting date, taking into consideration the Group\u2019s own non-performance risk.Financial assets and liabilitiesThe fair values of financial assets and liabilities, together with the carrying amounts shown in the statement of financial position, are as follows:(EUR x 1,000) 2022 2021Carrying Carrying amount Fair valueamount Fair valueFinancial assetsTrade and other receivables* 603,475 603,475 512,820 512,820Cash and cash equivalents 209,090 209,090 148,956 148,956Deposits 3,238 3,238 32,086 32,086Long-term loans 4,500 4,500 4,500 4,500Other long-term receivables 5,083 5,083 2,617 2,617Equity securities 1,096 1,096 1,096 1,096Financial liabilities measured at amortised costSenior term loan of EUR 200 million (200,234) (200,234)- -Subordinated unsecured convertible bonds  EUR 100,000 (40,348) (39,700) (92,123) (84,326)Super senior revolving credit facility in  EUR 250 million- -(12,521) (12,521)Super senior term loan EUR 200 million- -(186,217) (186,217)Other long-term loans (4,886) (4,886) (1,558) (1,558)Bank overdraft (2,059) (2,059) (1,824) (1,824)Trade and other payables* (410,794) (410,794) (383,007) (383,007)Unrecognised gains/(losses) (648) (7,797)*Due to the short-term nature of the trade receivables (payables) and other receivables (payables), their carrying amounts are considered to be the same as their fair value.The fair values of the subordinated unsecured convertible bonds are based on discounted cash flows using a current borrowing rate.They are classified as level 3 fair values in the fair value hierarchy due to the use of unobservable inputs, including own credit risk.Interest rates used for determining fair valueThe Group uses the government yield curve as per the reporting date plus an adequate constant credit spread to discount financial instruments. The interest rates used are as follows:(EUR x 1,000) 2022 2021Loans and borrowings 8.4% 2.75%-8%Fair value hierarchyThe different fair value hierarchy levels have been defined as follows: \u25a0Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities. \u25a0Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices). \u25a0Level 3: inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs).Fugro has equity securities of EUR 1,096 thousand as at 31 December 2022 (31 December 2021: 1,096 thousand), which are categorised within Level 1. Fugro\u2019s valuation processesThe group\u2019s finance department performs the valuations of financial assets required for financial reporting purposes, including Level 3 fair values. The valuations are directly reported to the Chief Financial Officer. Changes in Level 2 and Level 3 values are analysed at each reporting date.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-225-3": {
   "value": "35.  FAIR VALUESDetermination of fair valuesThe fair value of equity and debt securities is determined by reference to their quoted closing bid price at the reporting date, or if unquoted, determined using a valuation technique. Valuation techniques employed include market multiples and discounted cash flow analysis using expected future cash flows and a market-related discount rate.The fair value of receivables is estimated at the present value of future cash flows, discounted at the market rate of interest at the reporting date. This fair value is determined for disclosure purposes.The fair value of forward exchange contracts is based on quoted market prices, if available.Fair value, which is determined for disclosure purposes, is calculated based on the present value of future principal and interest cash flows, discounted at the market rate of interest at the reporting date, taking into consideration the Group\u2019s own non-performance risk.Financial assets and liabilitiesThe fair values of financial assets and liabilities, together with the carrying amounts shown in the statement of financial position, are as follows:(EUR x 1,000) 2022 2021Carrying Carrying amount Fair valueamount Fair valueFinancial assetsTrade and other receivables* 603,475 603,475 512,820 512,820Cash and cash equivalents 209,090 209,090 148,956 148,956Deposits 3,238 3,238 32,086 32,086Long-term loans 4,500 4,500 4,500 4,500Other long-term receivables 5,083 5,083 2,617 2,617Equity securities 1,096 1,096 1,096 1,096Financial liabilities measured at amortised costSenior term loan of EUR 200 million (200,234) (200,234)- -Subordinated unsecured convertible bonds  EUR 100,000 (40,348) (39,700) (92,123) (84,326)Super senior revolving credit facility in  EUR 250 million- -(12,521) (12,521)Super senior term loan EUR 200 million- -(186,217) (186,217)Other long-term loans (4,886) (4,886) (1,558) (1,558)Bank overdraft (2,059) (2,059) (1,824) (1,824)Trade and other payables* (410,794) (410,794) (383,007) (383,007)Unrecognised gains/(losses) (648) (7,797)*Due to the short-term nature of the trade receivables (payables) and other receivables (payables), their carrying amounts are considered to be the same as their fair value.The fair values of the subordinated unsecured convertible bonds are based on discounted cash flows using a current borrowing rate.They are classified as level 3 fair values in the fair value hierarchy due to the use of unobservable inputs, including own credit risk.Interest rates used for determining fair valueThe Group uses the government yield curve as per the reporting date plus an adequate constant credit spread to discount financial instruments. The interest rates used are as follows:(EUR x 1,000) 2022 2021Loans and borrowings 8.4% 2.75%-8%Fair value hierarchyThe different fair value hierarchy levels have been defined as follows: \u25a0Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities. \u25a0Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices). \u25a0Level 3: inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs).Fugro has equity securities of EUR 1,096 thousand as at 31 December 2022 (31 December 2021: 1,096 thousand), which are categorised within Level 1. Fugro\u2019s valuation processesThe group\u2019s finance department performs the valuations of financial assets required for financial reporting purposes, including Level 3 fair values. The valuations are directly reported to the Chief Financial Officer. Changes in Level 2 and Level 3 values are analysed at each reporting date.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-228-8": {
   "value": "36.  COMMITMENTS NOT INCLUDED IN THE STATEMENT OF FINANCIAL POSITIONContingenciesSome Group companies are, as a result of their normal business activities, involved either as plaintiffs or defendants in claims. Based on information presently available and management\u2019s best estimate, it is not probable that the financial position of the Group will be significantly influenced by any of these matters. Should the actual outcome differ from the assumptions and estimates, the financial position of the Group would be impacted. Fugro N.V. and its Dutch operating companies form a fiscal unity for corporate tax. Each of the operating companies is severally liable for corporate tax to be paid by the fiscal unity.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-233-2": {
   "value": "3<span class=\"_ _1\"/>7.<span class=\"_ _1\"/> <span class=\"_ _ce\"> </span><span class=\"ff5 fs6 ls1ef ws47\">REL<span class=\"_ _1\"/>A<span class=\"_ _7\"/>TE<span class=\"_ _1\"/>D<span class=\"_ _7\"/> PAR<span class=\"_ _7\"/>TI<span class=\"_ _1\"/>ES</span>The G<span class=\"_ _1\"/>roup has a related par<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y re<span class=\"_ _1\"/>lationship with its subsidiari<span class=\"_ _1\"/>es, equit<span class=\"_ _1\"/>y-accounted investees and key mana<span class=\"_ _1\"/>gement p<span class=\"_ _1\"/>ersonne<span class=\"_ _1\"/>l. Balances and tr<span class=\"_ _1\"/>ansac<span class=\"_ _1\"/>tions bet<span class=\"_ _1\"/>we<span class=\"_ _1\"/>en the company and it<span class=\"_ _1\"/>s subs<span class=\"_ _6\"/>idiaries<span class=\"_ _1\"/>, which are re<span class=\"_ _1\"/>lated par<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>, have bee<span class=\"_ _1\"/>n eliminated on consolidation an<span class=\"_ _1\"/>d are not disclosed in th<span class=\"_ _1\"/>is note.T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>ans<span class=\"_ _6\"/>actions with k<span class=\"_ _6\"/>ey m<span class=\"_ _6\"/>anagement personnelFugro\u2019s key manage<span class=\"_ _1\"/>ment per<span class=\"_ _1\"/>sonnel (as defined in I<span class=\"_ _1\"/>A<span class=\"_ _1\"/>S 24) c<span class=\"_ _6\"/>onsists of the p<span class=\"_ _1\"/>eopl<span class=\"_ _1\"/>e in the Board of M<span class=\"_ _1\"/>anageme<span class=\"_ _1\"/>nt, E<span class=\"_ _1\"/>xecutive L<span class=\"_ _1\"/>eader<span class=\"_ _1\"/>ship T<span class=\"_ _7\"/>e<span class=\"_ _1\"/>am and Super<span class=\"_ _1\"/>v<span class=\"_ _1\"/>isor<span class=\"_ _1\"/>y Board<span class=\"_ _1\"/>. The E<span class=\"_ _1\"/>xecutive Lea<span class=\"_ _1\"/>dership Team cons<span class=\"_ _6\"/>ists of th<span class=\"_ _1\"/>e tw<span class=\"_ _1\"/>o member<span class=\"_ _1\"/>s of Board of Ma<span class=\"_ _1\"/>nagement and se<span class=\"_ _1\"/>ven senior manager<span class=\"_ _1\"/>s. Th<span class=\"_ _1\"/>e Board of Mana<span class=\"_ _1\"/>gement controls th<span class=\"_ _1\"/>e Exe<span class=\"_ _1\"/>cutive Le<span class=\"_ _1\"/>adership Team. Th<span class=\"_ _1\"/>e key managem<span class=\"_ _1\"/>ent compensation<span class=\"_ _1\"/>, based on am<span class=\"_ _1\"/>ounts reco<span class=\"_ _1\"/>gnised in the st<span class=\"_ _1\"/>atement of comprehen<span class=\"_ _6\"/>sive<span class=\"_ _6\"/> income, i<span class=\"_ _6\"/>s as<span class=\"_ _6\"/> follows:Share-P<span class=\"_ _1\"/>os<span class=\"_ _1\"/>t-based Shor<span class=\"_ _1\"/>t<span class=\"_ _7\"/>-term employ<span class=\"_ _6\"/><span class=\"ls2 ws2\">-</span>pay<span class=\"_ _1\"/>men<span class=\"_ _1\"/>t emp<span class=\"_ _1\"/>loyee me<span class=\"_ _1\"/>nt  exp<span class=\"_ _1\"/>ense (in E<span class=\"_ _1\"/>UR)be<span class=\"_ _1\"/>nef<span class=\"_ _1\"/>it<span class=\"_ _1\"/>s be<span class=\"_ _1\"/>nef<span class=\"_ _1\"/>it<span class=\"_ _1\"/>s <span class=\"_ _5\"> </span><span class=\"ls1da ws239\"> <span class=\"_\"> </span>Severance   </span>(I<span class=\"_ _1\"/>F<span class=\"_ _1\"/>RS <span class=\"_ _1\"/>2<span class=\"_ _1\"/>)  <span class=\"_ _ce\"> </span><span class=\"ws2\">Total 2<span class=\"_ _1\"/>02<span class=\"_ _1\"/>2 </span>Board of Man<span class=\"_ _6\"/>agement<span class=\"_ _10e\"> </span><span class=\"ls2 ws2\">2,097<span class=\"_ _7\"/>,624<span class=\"_ _36\"> </span>4<span class=\"_ _1\"/>6,953</span>-951,376<span class=\"_ _eb\"> </span>3,095,95<span class=\"_ _1\"/>3Senior mana<span class=\"_ _6\"/>gers<span class=\"_ _11b\"> </span><span class=\"ls2 ws2\">3,<span class=\"_ _6\"/>438,990<span class=\"_ _175\"> </span>149,939<span class=\"_ _17c\"> </span>97<span class=\"_ _7\"/>,615<span class=\"_ _9\"> </span>7<span class=\"_ _1\"/>79,323<span class=\"_ _14c\"> </span>4,465,867</span>Exe<span class=\"_ _1\"/>cuti<span class=\"_ _1\"/>ve Lea<span class=\"_ _1\"/>der<span class=\"_ _1\"/>ship Team (su<span class=\"_ _1\"/>b<span class=\"_ _1\"/>to<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1\"/>)<span class=\"_ _26f\"> </span><span class=\"ls2 ws2\">5,5<span class=\"_ _1\"/>36,614<span class=\"_ _17f\"> </span>196,892<span class=\"_ _26d\"> </span>97<span class=\"_ _7\"/>,615<span class=\"_ _58\"> </span>1,730,699<span class=\"_ _2a4\"> </span>7<span class=\"_ _7\"/>,561,820</span>Super<span class=\"_ _1\"/>visory Board<span class=\"_ _94\"> </span><span class=\"ls2 ws2\">483,000</span>-<span class=\"_ _47\"> </span>-<span class=\"_ _47\"> </span>-483,00<span class=\"_ _1\"/>0To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1\"/> <span class=\"_ _4f\"> </span><span class=\"ls2 ws2\">6,019,614<span class=\"_ _17f\"> </span>196,892<span class=\"_ _e3\"> </span>97<span class=\"_ _7\"/>,615<span class=\"_ _14c\"> </span>1,73<span class=\"_ _1\"/>0,699<span class=\"_ _ce\"> </span>8,044,820</span>Share-P<span class=\"_ _1\"/>os<span class=\"_ _1\"/>t-based Shor<span class=\"_ _1\"/>t<span class=\"_ _7\"/>-term employ<span class=\"_ _6\"/><span class=\"ls2 ws2\">-</span>pay<span class=\"_ _1\"/>men<span class=\"_ _1\"/>t emp<span class=\"_ _1\"/>loyee me<span class=\"_ _1\"/>nt  exp<span class=\"_ _1\"/>ense (in E<span class=\"_ _1\"/>UR)be<span class=\"_ _1\"/>nef<span class=\"_ _1\"/>it<span class=\"_ _1\"/>s be<span class=\"_ _1\"/>nef<span class=\"_ _1\"/>it<span class=\"_ _1\"/>s <span class=\"_ _5\"> </span><span class=\"ls1da ws23b\"> <span class=\"_ _1\"/>Sever<span class=\"_ _1\"/>ance  </span>(I<span class=\"_ _1\"/>F<span class=\"_ _1\"/>RS <span class=\"_ _1\"/>2<span class=\"_ _1\"/>)  <span class=\"_ _2a5\"> </span><span class=\"ws2\">Total 2<span class=\"_ _1\"/>0<span class=\"_ _1\"/>21 </span>Board of Man<span class=\"_ _6\"/>agement<span class=\"_ _2a6\"> </span><span class=\"ff8 fc14 ls2 ws2\">1,988,548<span class=\"_ _12\"> </span>46,698</span>-1,218,184<span class=\"_ _ee\"> </span>3,253,430Senior mana<span class=\"_ _6\"/>gers<span class=\"_ _41\"> </span><span class=\"ff8 fc14 ls2 ws2\">3,015,580<span class=\"_ _145\"> </span>147<span class=\"_ _7\"/>,292</span>-897<span class=\"_ _7\"/>,<span class=\"_ _6\"/>408<span class=\"_ _1c4\"> </span>4,060,<span class=\"_ _1\"/>280Exe<span class=\"_ _1\"/>cuti<span class=\"_ _1\"/>ve Lea<span class=\"_ _1\"/>der<span class=\"_ _1\"/>ship Team (su<span class=\"_ _1\"/>b<span class=\"_ _1\"/>to<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1\"/>)<span class=\"_ _26f\"> </span><span class=\"fc14 ls2 ws2\">5,004,128<span class=\"_ _59\"> </span>193,9<span class=\"_ _1\"/>90</span>-2,<span class=\"_ _6\"/>115,592<span class=\"_ _cc\"> </span>7<span class=\"_ _7\"/>,313,7<span class=\"_ _1\"/>10Super<span class=\"_ _1\"/>visory Board<span class=\"_ _1f8\"> </span><span class=\"ff8 fc14 ls2 ws2\">42<span class=\"_ _1\"/>5,<span class=\"_ _6\"/>415</span>-<span class=\"_ _47\"> </span>-<span class=\"_ _47\"> </span>-425,415To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _1\"/> <span class=\"_ _1ff\"> </span><span class=\"fc14 ls2 ws2\">5,429,543<span class=\"_ _17f\"> </span>193,990</span>-2,<span class=\"_ _6\"/>115,592<span class=\"_ _11c\"> </span>7<span class=\"_ _3\"/>,739,125The D<span class=\"_ _1\"/>utch Civil Co<span class=\"_ _1\"/>de disclosures with respe<span class=\"_ _1\"/>ct to re<span class=\"_ _1\"/>munerati<span class=\"_ _1\"/>on of individual me<span class=\"_ _1\"/>mbers of the B<span class=\"_ _1\"/>oard of Manage<span class=\"_ _1\"/>ment and Super<span class=\"_ _1\"/>v<span class=\"_ _1\"/>isor<span class=\"_ _1\"/>y Board ar<span class=\"_ _1\"/>e included in t<span class=\"_ _1\"/>he Remuner<span class=\"_ _1\"/>ation repor<span class=\"_ _1\"/>t.Other transactions<span class=\"_ _6\"/> with ke<span class=\"_ _6\"/>y mana<span class=\"_ _6\"/>gement personnelThe B<span class=\"_ _1\"/>oard of Manag<span class=\"_ _1\"/>ement<span class=\"_ _1\"/>, cert<span class=\"_ _1\"/>ain senior manag<span class=\"_ _1\"/>ers and cer<span class=\"_ _1\"/>tain Sup<span class=\"_ _1\"/>er<span class=\"_ _1\"/>visor<span class=\"_ _1\"/>y B<span class=\"_ _1\"/>oard memb<span class=\"_ _1\"/>ers can acquire shares in Fugr<span class=\"_ _1\"/>o on an arm\u2019s length basis. T<span class=\"_ _1\"/>hese tr<span class=\"_ _1\"/>ansacti<span class=\"_ _1\"/>ons are not compens<span class=\"_ _6\"/>ation and a<span class=\"_ _7\"/>s such no expense wa<span class=\"_ _6\"/>s recorded d<span class=\"_ _6\"/>uring the period.2022<span class=\"_ _1ab\"> </span><span class=\"ff7 ls1dc ws1e2\">2<span class=\"_ _1\"/>021</span>Nu<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r of Nu<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r of Nu<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r of Nu<span class=\"_ _1\"/>mbe<span class=\"_ _1\"/>r of shares shares shares shares acq<span class=\"_ _1\"/>uire<span class=\"_ _1\"/>d dis<span class=\"_ _1\"/>pose<span class=\"_ _1\"/>d of acq<span class=\"_ _1\"/>uire<span class=\"_ _1\"/>d dis<span class=\"_ _1\"/>pose<span class=\"_ _1\"/>d of dur<span class=\"_ _1\"/>ing t<span class=\"_ _1\"/>he dur<span class=\"_ _1\"/>ing t<span class=\"_ _1\"/>he dur<span class=\"_ _1\"/>ing t<span class=\"_ _1\"/>he dur<span class=\"_ _1\"/>ing t<span class=\"_ _1\"/>he year<span class=\"_ _24a\"> </span><span class=\"ls2 ws2\">Issu<span class=\"_ _1\"/>e pr<span class=\"_ _1\"/>ice pa<span class=\"_ _1\"/>id </span>yearyear<span class=\"_ _24a\"> </span><span class=\"ls2 ws2\">Issu<span class=\"_ _1\"/>e pr<span class=\"_ _1\"/>ice pa<span class=\"_ _1\"/>id </span>yearBoard of Man<span class=\"_ _6\"/>agement-<span class=\"_ _2a7\"> </span><span class=\"ff8\">-<span class=\"_ _26d\"> </span></span>-30,00<span class=\"_ _1\"/>0<span class=\"_ _2a8\"> </span><span class=\"ff4\">EUR 7<span class=\"_ _7\"/>.59</span>-Senior mana<span class=\"_ _6\"/>gers<span class=\"_ _225\"> </span><span class=\"ls2 ws2\">1,50<span class=\"_ _1\"/>0<span class=\"_ _39\"> </span><span class=\"ff8\">EUR 14.69 \u2013 EUR 14.70 <span class=\"_ _3\"/> </span></span>-<span class=\"_ _26d\"> </span><span class=\"ff8 fc14\">-<span class=\"_ _2a7\"> </span><span class=\"ff4\">-<span class=\"_ _e3\"> </span></span>-</span>Exe<span class=\"_ _1\"/>cuti<span class=\"_ _1\"/>ve Lea<span class=\"_ _1\"/>der<span class=\"_ _1\"/>ship Team (subto<span class=\"_ _1\"/>tal)<span class=\"_ _2a9\"> </span>1,50<span class=\"_ _1\"/>0-<span class=\"_ _26d\"> </span>-30,0<span class=\"_ _1\"/>00-<span class=\"_ _26d\"> </span>-Super<span class=\"_ _1\"/>visory Board<span class=\"_ _2aa\"> </span><span class=\"ls2 ws2\">28,<span class=\"_ _6\"/>100<span class=\"_ _38\"> </span><span class=\"ff8\">EUR 11.38 \u2013 EUR 13.59</span></span>-6,500<span class=\"_ _7c\"> </span><span class=\"ff4\">EUR 7<span class=\"_ _7\"/>.55 \u2013 EUR 7<span class=\"_ _7\"/>.62</span>-To<span class=\"_ _1\"/>ta<span class=\"_ _1\"/>l<span class=\"_ _14e\"> </span><span class=\"ls2 ws2\">29,600</span>-36,50<span class=\"_ _1\"/>0-The indi<span class=\"_ _1\"/>vidual sharehol<span class=\"_ _1\"/>dings are less than 5%<span class=\"_ _1\"/>.Othe<span class=\"_ _1\"/>r related parti<span class=\"_ _1\"/>esThe G<span class=\"_ _1\"/>roup has not entere<span class=\"_ _1\"/>d into any material transac<span class=\"_ _1\"/>tio<span class=\"_ _1\"/>n with other r<span class=\"_ _1\"/>elated par<span class=\"_ _1\"/>ties<span class=\"_ _1\"/>.39. <span class=\"_ _295\"> </span><span class=\"ff5 fs6 ls1ef ws47\">S<span class=\"_ _6\"/>UBSIDIARIES AND<span class=\"_ _7\"/> INVESTM<span class=\"_ _1\"/>ENTS<span class=\"_ _6\"/> A<span class=\"_ _6\"/>CC<span class=\"_ _7\"/>OUNTE<span class=\"_ _1\"/>D<span class=\"_ _7\"/> FOR USING<span class=\"_ _7\"/> TH<span class=\"_ _1\"/>E<span class=\"_ _7\"/> EQU<span class=\"_ _1\"/>ITY<span class=\"_ _7\"/> </span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>METHOD OF<span class=\"_ _7\"/> FUG<span class=\"_ _1\"/>R<span class=\"_ _7\"/>O N.<span class=\"_ _7\"/>V<span class=\"_ _7\"/>.<span class=\"_ _7\"/> Unless st<span class=\"_ _1\"/>ated other<span class=\"_ _1\"/>wise<span class=\"_ _1\"/>, the direc<span class=\"_ _1\"/>t or indire<span class=\"_ _1\"/>ct interest of Fu<span class=\"_ _1\"/>gro in the subsidiaries listed Fugro G<span class=\"_ _1\"/>eote<span class=\"_ _1\"/>chnical S<span class=\"_ _1\"/>er<span class=\"_ _1\"/>vices L<span class=\"_ _1\"/>td.<span class=\"_ _3b\"> </span>Fo T<span class=\"_ _7\"/>an<span class=\"_ _1\"/>, Hon<span class=\"_ _1\"/>g Kongbel<span class=\"_ _1\"/>ow is 10<span class=\"_ _1\"/>0<span class=\"_ _1\"/>%<span class=\"_ _1\"/>. Insignificant<span class=\"_ _1\"/>, but consolidated<span class=\"_ _1\"/>, subsidiaries have not be<span class=\"_ _1\"/>en include<span class=\"_ _1\"/>d. Fugro Techni<span class=\"_ _1\"/>cal Ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices Ltd.<span class=\"_ _179\"> </span>T<span class=\"_ _7\"/>ue<span class=\"_ _1\"/>n Mun, H<span class=\"_ _1\"/>ong KongFor e<span class=\"_ _1\"/>ntities whe<span class=\"_ _1\"/>re the direc<span class=\"_ _1\"/>t or indire<span class=\"_ _1\"/>ct interest of Fu<span class=\"_ _1\"/>gro is less than 5<span class=\"_ _1\"/>0%<span class=\"_ _1\"/>, the G<span class=\"_ _1\"/>roup Fugro Geosciences<span class=\"_ _6\"/> Interna<span class=\"_ _6\"/>tional Ltd.<span class=\"_ _110\"> </span><span class=\"ls2 ws2\">Wanchai<span class=\"_ _1\"/>, Hong K<span class=\"_ _1\"/>ong</span>consolidates financ<span class=\"_ _1\"/>ial information of such enti<span class=\"_ _1\"/>ties based on t<span class=\"_ _1\"/>he definit<span class=\"_ _1\"/>ion of control.Fugro (<span class=\"_ _1\"/>Hon<span class=\"_ _1\"/>g Kong<span class=\"_ _1\"/>) Ltd.<span class=\"_ _2b0\"> </span>Wanchai<span class=\"_ _1\"/>, Hong K<span class=\"_ _1\"/>ongFugro H<span class=\"_ _1\"/>oldings (<span class=\"_ _1\"/>Hon<span class=\"_ _1\"/>g Kong) L<span class=\"_ _1\"/>td.<span class=\"_ _2b1\"> </span>Wanchai<span class=\"_ _1\"/>, Hong K<span class=\"_ _1\"/>ongThe subsidiaries liste<span class=\"_ _1\"/>d belo<span class=\"_ _1\"/>w have been f<span class=\"_ _1\"/>ully incorpo<span class=\"_ _1\"/>rated into the consoli<span class=\"_ _1\"/>dated financial Fugro S<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>vey (In<span class=\"_ _1\"/>dia) Private L<span class=\"_ _1\"/>imited<span class=\"_ _98\"> </span>Navi M<span class=\"_ _1\"/>umbai, In<span class=\"_ _1\"/>diastatem<span class=\"_ _1\"/>ents of Fugro<span class=\"_ _1\"/>, unless indicated oth<span class=\"_ _1\"/>er<span class=\"_ _1\"/>wise.Fugro G<span class=\"_ _1\"/>eote<span class=\"_ _1\"/>ch (I<span class=\"_ _1\"/>ndia) Priv<span class=\"_ _1\"/>ate Limite<span class=\"_ _1\"/>d<span class=\"_ _1fe\"> </span>N<span class=\"_ _1\"/>avi Mumbai<span class=\"_ _1\"/>, IndiaPT Fugro Indonesia<span class=\"_ _2b2\"> </span><span class=\"ls1c8 ws1cd\">80%<span class=\"_ _c0\"> </span><span class=\"ls78 ws7d\">Jakar<span class=\"_ _1\"/>ta Selatan<span class=\"_ _1\"/>, Indonesia</span></span>The infor<span class=\"_ _1\"/>mation as require<span class=\"_ _1\"/>d by sec<span class=\"_ _1\"/>tions 2<span class=\"_ _1\"/>:3<span class=\"_ _1\"/>79 and 2<span class=\"_ _1\"/>:41<span class=\"_ _1\"/>4 of the Dutch Ci<span class=\"_ _1\"/>vil Code has be<span class=\"_ _1\"/>en Fug<span class=\"_ _1\"/>ro-<span class=\"_ _1\"/>E<span class=\"_ _1\"/>T<span class=\"_ _1\"/>W L<span class=\"_ _1\"/>LC<span class=\"_ _51\"> </span><span class=\"ls1c8 ws1cd\">50%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls43 ws4b\">Basra, Iraq</span>file<span class=\"_ _1\"/>d at the tr<span class=\"_ _1\"/>ade regist<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y of the Chambe<span class=\"_ _1\"/>r of Commerce in The H<span class=\"_ _1\"/>ague.Fugro I<span class=\"_ _1\"/>taly S<span class=\"_ _1\"/>.p.<span class=\"_ _0\"/>A<span class=\"_ _1\"/>.<span class=\"_ _2b3\"> </span><span class=\"ls43 ws4b\">Rome, Italy</span>Fugro J<span class=\"_ _1\"/>apan Co.<span class=\"_ _1\"/>, Ltd.<span class=\"_ _2b4\"> </span><span class=\"ls78 ws7d\">T<span class=\"_ _6\"/>ok<span class=\"_ _1\"/>yo, Japan</span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>Bulan Se<span class=\"_ _1\"/>latan Sdn B<span class=\"_ _1\"/>hd<span class=\"_ _3c\"> </span><span class=\"ls39 ws216\">49%<span class=\"_ _c0\"> </span></span>Kual<span class=\"_ _1\"/>a Lumpur, MalaysiaFugro M<span class=\"_ _1\"/>alaysia Mar<span class=\"_ _1\"/>ine Sdn Bh<span class=\"_ _1\"/>d<span class=\"_ _2b5\"> </span><span class=\"ls1c8 ws1cd\">30%<span class=\"_ _c0\"> </span></span>Kuala L<span class=\"_ _1\"/>umpur, MalaysiaFugro A<span class=\"_ _1\"/>ustra<span class=\"_ _1\"/>lia Lan<span class=\"_ _1\"/>d Pt<span class=\"_ _1\"/>y L<span class=\"_ _1\"/>td.<span class=\"_ _179\"> </span><span class=\"ls67 ws6b\">Perth, A<span class=\"_ _1\"/>ustralia</span>Fugro M<span class=\"_ _1\"/>auritius L<span class=\"_ _1\"/>td.<span class=\"_ _2ab\"> </span>Q<span class=\"_ _1\"/>uatre B<span class=\"_ _1\"/>orne<span class=\"_ _1\"/>s, Maur<span class=\"_ _1\"/>itiusFugro H<span class=\"_ _1\"/>oldings (<span class=\"_ _1\"/>Austr<span class=\"_ _1\"/>alia) Pt<span class=\"_ _1\"/>y L<span class=\"_ _1\"/>td.<span class=\"_ _80\"> </span><span class=\"ls67 ws6b\">Per<span class=\"_ _1\"/>th, Austr<span class=\"_ _1\"/>ali<span class=\"_ _6\"/>a</span>Fugro M<span class=\"_ _1\"/>exico S<span class=\"_ _1\"/>.<span class=\"_ _1\"/>A<span class=\"_ _1\"/>. de C<span class=\"_ _1\"/>.V.<span class=\"_ _52\"> </span>Ciud<span class=\"_ _1\"/>ad Del C<span class=\"_ _1\"/>arme<span class=\"_ _1\"/>n, Camp<span class=\"_ _1\"/>ech<span class=\"_ _1\"/>e, Fugro A<span class=\"_ _1\"/>ustra<span class=\"_ _1\"/>lia Marine P<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y Ltd<span class=\"_ _1\"/>.<span class=\"_ _256\"> </span><span class=\"ls67 ws6b\">Per<span class=\"_ _1\"/>th, Austr<span class=\"_ _1\"/>ali<span class=\"_ _6\"/>a</span>Me<span class=\"_ _1\"/>xicoFugro E<span class=\"_ _1\"/>xpl<span class=\"_ _1\"/>orat<span class=\"_ _1\"/>ion P<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y Ltd.<span class=\"_ _2ac\"> </span><span class=\"ls67 ws6b\">Per<span class=\"_ _1\"/>th, Australia</span>Fugro H<span class=\"_ _1\"/>oldings (<span class=\"_ _1\"/>NZ<span class=\"_ _1\"/>) Ltd<span class=\"_ _1\"/>.<span class=\"_ _8f\"> </span><span class=\"ls43 ws4b\">N<span class=\"_ _1\"/>ew Plymouth, New Zeal<span class=\"_ _6\"/>and</span>SOC<span class=\"_ _1\"/>AR-Fugro L<span class=\"_ _1\"/>LC<span class=\"_ _7e\"> </span><span class=\"ls39 ws216\">49%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls78 ws7d\">Baku<span class=\"_ _1\"/>, Azerbaijan</span>Fugro N<span class=\"_ _1\"/>ew Ze<span class=\"_ _1\"/>aland Ltd.<span class=\"_ _29a\"> </span><span class=\"ls43 ws4b\">New Plymouth, New Zeal<span class=\"_ _6\"/>and</span>Fugro I<span class=\"_ _1\"/>n Situ G<span class=\"_ _1\"/>eotecn<span class=\"_ _1\"/>ia Ltda.<span class=\"_ _238\"> </span><span class=\"ls7a ws7f\">P<span class=\"_ _1\"/>inhais, Br<span class=\"_ _1\"/>azil</span>Fugro N<span class=\"_ _1\"/>or<span class=\"_ _1\"/>way A<span class=\"_ _1\"/>S<span class=\"_ _1e0\"> </span><span class=\"ls4c ws53\">Oslo, Nor<span class=\"_ _1\"/>way</span>Fugro B<span class=\"_ _1\"/>rasil Le<span class=\"_ _1\"/>vantam<span class=\"_ _1\"/>entos Ltda.<span class=\"_ _249\"> </span>R<span class=\"_ _1\"/>io de Jan<span class=\"_ _1\"/>eiro, B<span class=\"_ _1\"/>razilFugr<span class=\"_ _1\"/>o Philippin<span class=\"_ _1\"/>es Inc.<span class=\"_ _1\"/> <span class=\"_ _2b6\"> </span>Manila<span class=\"_ _1\"/>, Philipp<span class=\"_ _1\"/>inesFugro H<span class=\"_ _1\"/>olding B<span class=\"_ _1\"/>elgium N<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _24c\"> </span><span class=\"ls43 ws4b\">Louvain<span class=\"_ _6\"/> la Neuve, Belgiu<span class=\"_ _6\"/>m</span>Fugro P<span class=\"_ _1\"/>eninsular Ser<span class=\"_ _1\"/>vi<span class=\"_ _1\"/>ces Co. W.L<span class=\"_ _1\"/>.<span class=\"_ _1\"/>L<span class=\"_ _1\"/>.<span class=\"_ _12a\"> </span><span class=\"ls39 ws216\">49%<span class=\"_ _c0\"> </span></span>Do<span class=\"_ _1\"/>ha, Qat<span class=\"_ _1\"/>arFugro C<span class=\"_ _1\"/>anada<span class=\"_ _1\"/>, Corp.<span class=\"_ _2ad\"> </span><span class=\"ls1fa ws206\">St. J<span class=\"_ _1\"/>ohn\u2019s, Canada</span>Fugro<span class=\"_ _1\"/>-Suhaimi Ltd.<span class=\"_ _a5\"> </span><span class=\"ls1c8 ws1cd\">5<span class=\"_ _1\"/>0%<span class=\"_ _c0\"> </span><span class=\"ls78 ws7d\">Dammam<span class=\"_ _1\"/>, Saudi Arabia</span></span>Fugro C<span class=\"_ _1\"/>hile S.<span class=\"_ _0\"/>A<span class=\"_ _1\"/>.<span class=\"_ _115\"> </span><span class=\"ls78 ws7d\">Santiago, Chile</span>Easter<span class=\"_ _1\"/>n Suppor<span class=\"_ _1\"/>te<span class=\"_ _1\"/>r Pte L<span class=\"_ _1\"/>td <span class=\"_ _9d\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>China Offshore Fugro<span class=\"_ _6\"/> GeoSolutions (Shen<span class=\"_ _6\"/>zhen<span class=\"_ _6\"/>) 50%*<span class=\"_ _39\"> </span><span class=\"fs6 ls2b ws33\">Shekou, Shen<span class=\"_ _7\"/>zhen, China</span>Fugro M<span class=\"_ _1\"/>arine Pe<span class=\"_ _1\"/>rsonn<span class=\"_ _1\"/>el P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _ad\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Co. Ltd<span class=\"_ _1\"/>.Fugro S<span class=\"_ _1\"/>ingapor<span class=\"_ _1\"/>e Marine P<span class=\"_ _1\"/>te L<span class=\"_ _1\"/>td<span class=\"_ _77\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro O<span class=\"_ _1\"/>ff<span class=\"_ _1\"/>shore Sur<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>y (Shenzhen) Co. Ltd<span class=\"_ _1\"/>.<span class=\"_ _4b\"> </span><span class=\"ls2b ws33\">Shen<span class=\"_ _7\"/>zhen, China</span>Fugro S<span class=\"_ _1\"/>atellite Positio<span class=\"_ _1\"/>ning P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _25e\"> </span><span class=\"ls1e5 ws1eb\">Singa<span class=\"_ _6\"/>pore, Singapore</span>Fugro P<span class=\"_ _1\"/>acif<span class=\"_ _1\"/>ica Qinhua<span class=\"_ _1\"/>ngdao Co. L<span class=\"_ _1\"/>td.<span class=\"_ _110\"> </span><span class=\"ls1fa ws206\">Qinhuang<span class=\"_ _1\"/>dao, China</span>Fugro P<span class=\"_ _1\"/>rope<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ies P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _8f\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro Techni<span class=\"_ _1\"/>cal Ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices (Guangzhou) Ltd.<span class=\"_ _54\"> </span><span class=\"ls7a ws7f\">G<span class=\"_ _1\"/>uangzhou<span class=\"_ _1\"/>, China</span>Sout<span class=\"_ _1\"/>hern E<span class=\"_ _1\"/>volutio<span class=\"_ _1\"/>n Pte L<span class=\"_ _1\"/>td.<span class=\"_ _4f\"> </span><span class=\"ls1e5 ws1eb\">Singapore<span class=\"_ _1\"/>, Si<span class=\"_ _6\"/>ngapore</span>Fugro Co<span class=\"_ _1\"/>nsultants Inte<span class=\"_ _1\"/>rnatio<span class=\"_ _1\"/>nal N.V.<span class=\"_ _23c\"> </span>W<span class=\"_ _1\"/>illemsta<span class=\"_ _1\"/>d, Cura<span class=\"_ _1\"/>\u00e7aoEaster<span class=\"_ _1\"/>n Marine<span class=\"_ _1\"/>r Pt<span class=\"_ _1\"/>e Ltd.<span class=\"_ _53\"> </span><span class=\"ls1e5 ws1eb\">Si<span class=\"_ _6\"/>ngapore, Singapore</span>Fugro Financial I<span class=\"_ _1\"/>nternational N<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _95\"> </span><span class=\"ls2 ws2\">W<span class=\"_ _1\"/>illemsta<span class=\"_ _1\"/>d, Cura<span class=\"_ _1\"/>\u00e7ao</span>Easter<span class=\"_ _1\"/>n Equator P<span class=\"_ _1\"/>te Ltd<span class=\"_ _1\"/>.<span class=\"_ _123\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro M<span class=\"_ _1\"/>arine Sur<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>y Int. L<span class=\"_ _1\"/>td. Egy<span class=\"_ _1\"/>pt<span class=\"_ _cd\"> </span><span class=\"ls2b ws33\">Cairo,<span class=\"_ _6\"/> Egypt</span>Fugro S<span class=\"_ _1\"/>ingapor<span class=\"_ _1\"/>e Lan<span class=\"_ _1\"/>d Pte L<span class=\"_ _1\"/>td.<span class=\"_ _2b7\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro S<span class=\"_ _1\"/>.<span class=\"_ _1\"/>A<span class=\"_ _1\"/>.<span class=\"_ _1\"/>E<span class=\"_ _1\"/>.<span class=\"_ _53\"> </span>-<span class=\"_ _231\"> </span><span class=\"ls2b ws33\">Cairo, Egypt</span>Fugro S<span class=\"_ _1\"/>ubsea T<span class=\"_ _6\"/>echn<span class=\"_ _1\"/>ologi<span class=\"_ _1\"/>es P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _98\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro G<span class=\"_ _1\"/>eoi<span class=\"_ _1\"/>d S.<span class=\"_ _1\"/>A<span class=\"_ _0\"/>.<span class=\"_ _1\"/>S.<span class=\"_ _2ae\"> </span><span class=\"ls78 ws7d\">Castr<span class=\"_ _1\"/>ies, Fran<span class=\"_ _1\"/>ce</span>Fugro S<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>vey Afr<span class=\"_ _1\"/>ica (P<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y) Ltd.<span class=\"_ _fe\"> </span>Ca<span class=\"_ _1\"/>pe T<span class=\"_ _6\"/>own<span class=\"_ _1\"/>, South A<span class=\"_ _1\"/>fric<span class=\"_ _1\"/>aFugro H<span class=\"_ _1\"/>olding Fr<span class=\"_ _1\"/>ance S<span class=\"_ _1\"/>.<span class=\"_ _1\"/>A<span class=\"_ _1\"/>.<span class=\"_ _1\"/>S.<span class=\"_ _1ff\"> </span><span class=\"ls78 ws7d\">Nanterre, Fr<span class=\"_ _1\"/>ance</span>Fugro G<span class=\"_ _1\"/>eo<span class=\"_ _1\"/>detic AG<span class=\"_ _2ae\"> </span><span class=\"ls28 ws30\">Zug<span class=\"_ _1\"/>, Switzerland</span>Fugro G<span class=\"_ _1\"/>ermany L<span class=\"_ _1\"/>and GmbH<span class=\"_ _179\"> </span><span class=\"ls7a ws7f\">Berlin<span class=\"_ _1\"/>, Ge<span class=\"_ _1\"/>rmany</span>Fugro I<span class=\"_ _1\"/>OV<span class=\"_ _1\"/>T<span class=\"_ _1\"/>EC Co. L<span class=\"_ _1\"/>td.<span class=\"_ _81\"> </span><span class=\"ls39 ws216\">49%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls78 ws7d\">T<span class=\"_ _6\"/>aipei Cit<span class=\"_ _1\"/>y, T<span class=\"_ _7\"/>aiw<span class=\"_ _1\"/>an</span>Fugro G<span class=\"_ _1\"/>ermany Marine G<span class=\"_ _1\"/>mbH<span class=\"_ _256\"> </span><span class=\"ls4c ws53\">Bremen, G<span class=\"_ _1\"/>ermany</span>Agun<span class=\"_ _1\"/>g Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _257\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherland<span class=\"_ _7\"/>s</span>Fugro G<span class=\"_ _1\"/>hana Limi<span class=\"_ _1\"/>ted <span class=\"_ _2af\"> </span><span class=\"ls1c8 ws1cd\">90%<span class=\"_ _c0\"> </span><span class=\"ls1fa ws206\">Accra<span class=\"_ _1\"/>, Ghana</span></span>Kik<span class=\"_ _1\"/>a Shipping<span class=\"_ _1\"/> B.V<span class=\"_ _6\"/>.<span class=\"_ _2b8\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>Kilima<span class=\"_ _1\"/>njaro Shippin<span class=\"_ _1\"/>g B.V.<span class=\"_ _27f\"> </span><span class=\"ls43 ws4b\">Leidschenda<span class=\"_ _6\"/>m, The Netherlands</span>Fugro En<span class=\"_ _6\"/>terprise, Inc.<span class=\"_ _1f9\"> </span><span class=\"ls2 ws2\">H<span class=\"_ _1\"/>ouston<span class=\"_ _1\"/>, United St<span class=\"_ _1\"/>ates</span>Fugro N<span class=\"_ _1\"/>L Ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices B.V.<span class=\"_ _1d0\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Fugro (<span class=\"_ _1\"/>USA<span class=\"_ _1\"/>) Hol<span class=\"_ _1\"/>dings, In<span class=\"_ _1\"/>c.<span class=\"_ _9d\"> </span>Houston<span class=\"_ _1\"/>, Unite<span class=\"_ _1\"/>d StatesKat<span class=\"_ _1\"/>la Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _1b3\"> </span><span class=\"ls43 ws4b\">Leidschenda<span class=\"_ _6\"/>m, The Netherlands</span>Fugro U<span class=\"_ _1\"/>SA Mar<span class=\"_ _1\"/>ine, Inc<span class=\"_ _1\"/>.<span class=\"_ _1cd\"> </span>L<span class=\"_ _1\"/>af<span class=\"_ _1\"/>ayett<span class=\"_ _1\"/>e, Unite<span class=\"_ _1\"/>d StatesAlutan Ship<span class=\"_ _1\"/>ping B.V<span class=\"_ _7\"/>.<span class=\"_ _239\"> </span><span class=\"ls43 ws4b\">Leidschendam, The<span class=\"_ _6\"/> Netherlands</span>*Jo<span class=\"_ _1\"/>int arr<span class=\"_ _1\"/>ang<span class=\"_ _1\"/>eme<span class=\"_ _1\"/>nts cl<span class=\"_ _1\"/>assif<span class=\"_ _1\"/>ied as j<span class=\"_ _1\"/>oint v<span class=\"_ _1\"/>entur<span class=\"_ _1\"/>es or ass<span class=\"_ _1\"/>ocia<span class=\"_ _1\"/>tes tha<span class=\"_ _1\"/>t are e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y-acco<span class=\"_ _1\"/>unted<span class=\"_ _1\"/>.Erebus Shippi<span class=\"_ _6\"/>ng B.V<span class=\"_ _7\"/>.<span class=\"_ _45\"> </span><span class=\"ls43 ws4b\">Leids<span class=\"_ _6\"/>chendam, The Netherland<span class=\"_ _6\"/>s</span>Fos<span class=\"_ _1\"/>ter Shipp<span class=\"_ _1\"/>ing B.V.<span class=\"_ _fb\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Mayo<span class=\"_ _1\"/>n Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _2ad\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherland<span class=\"_ _6\"/>s</span>T<span class=\"_ _7\"/>ar<span class=\"_ _1\"/>anaki Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _1d0\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>T<span class=\"_ _6\"/>ongar<span class=\"_ _1\"/>iro Shipp<span class=\"_ _1\"/>ing B.V.<span class=\"_ _176\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Ar<span class=\"_ _1\"/>juna Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _255\"> </span><span class=\"ls43 ws4b\">L<span class=\"_ _1\"/>eidsc<span class=\"_ _6\"/>hendam, The Netherland<span class=\"_ _6\"/>s</span>Fugro S<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>vey B.V.<span class=\"_ _2b9\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Fugro N<span class=\"_ _1\"/>L L<span class=\"_ _1\"/>and B<span class=\"_ _1\"/>.<span class=\"_ _6\"/>V<span class=\"_ _6\"/>.<span class=\"_ _1b3\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Fugro Nederland B.V<span class=\"_ _7\"/>.<span class=\"_ _2ba\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Fugro I<span class=\"_ _1\"/>nnovati<span class=\"_ _1\"/>on &amp; Technolo<span class=\"_ _1\"/>gy B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _1a8\"> </span><span class=\"ls43 ws4b\">Leidschendam, The<span class=\"_ _6\"/> Netherlands</span>Fugro M<span class=\"_ _1\"/>arine S<span class=\"_ _1\"/>er<span class=\"_ _1\"/>vices B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _9d\"> </span><span class=\"ls43 ws4b\">L<span class=\"_ _1\"/>eids<span class=\"_ _6\"/>chendam, The Netherland<span class=\"_ _6\"/>s</span>Fugro F<span class=\"_ _1\"/>inancial Reso<span class=\"_ _1\"/>urces B.V<span class=\"_ _6\"/>.<span class=\"_ _d6\"> </span><span class=\"ls43 ws4b\">Leids<span class=\"_ _6\"/>chendam, The Netherland<span class=\"_ _6\"/>s</span>Fugro Vastg<span class=\"_ _1\"/>oed B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _2bb\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Scener<span class=\"_ _1\"/>y Sh<span class=\"_ _6\"/>ipping B.<span class=\"_ _6\"/>V<span class=\"_ _7\"/>.<span class=\"_ _227\"> </span><span class=\"ls43 ws4b\">Leidschenda<span class=\"_ _6\"/>m, The Netherlands</span>Semeru Shipping<span class=\"_ _6\"/> B.V<span class=\"_ _7\"/>.<span class=\"_ _227\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherlands</span>Seabed<span class=\"_ _7\"/> Geosolu<span class=\"_ _6\"/>tion<span class=\"_ _7\"/>s B.V<span class=\"_ _7\"/>.<span class=\"_ _2ac\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Wavew<span class=\"_ _1\"/>alker B.V.<span class=\"_ _4f\"> </span><span class=\"ls1c8 ws1cd\">50%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls43 ws4b\">Leidschendam, The Netherland<span class=\"_ _7\"/>s</span>Bosav<span class=\"_ _1\"/>i Shippin<span class=\"_ _1\"/>g B.V.<span class=\"_ _239\"> </span><span class=\"ls2 ws2\">No<span class=\"_ _1\"/>otdorp, T<span class=\"_ _1\"/>he Ne<span class=\"_ _1\"/>therla<span class=\"_ _1\"/>nds</span>Hast<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>da Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _6\"/>.<span class=\"_ _299\"> </span><span class=\"ls2 ws2\">N<span class=\"_ _1\"/>ootdor<span class=\"_ _1\"/>p, The N<span class=\"_ _1\"/>ether<span class=\"_ _1\"/>lands</span>Fugro N<span class=\"_ _1\"/>ethe<span class=\"_ _1\"/>rlands Mar<span class=\"_ _1\"/>ine B<span class=\"_ _1\"/>.<span class=\"_ _6\"/>V<span class=\"_ _6\"/>.<span class=\"_ _c2\"> </span>No<span class=\"_ _1\"/>otdorp, T<span class=\"_ _1\"/>he Net<span class=\"_ _1\"/>herlan<span class=\"_ _1\"/>dsFugro Trinidad L<span class=\"_ _1\"/>td.<span class=\"_ _1fc\"> </span><span class=\"ls7a ws7f\">Por<span class=\"_ _1\"/>t of Spain<span class=\"_ _1\"/>, T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>inidad</span>Fugro M<span class=\"_ _1\"/>iddle East<span class=\"_ _af\"> </span><span class=\"ls39 ws216\">49%<span class=\"_ _c0\"> </span></span>D<span class=\"_ _1\"/>ubai, Unit<span class=\"_ _1\"/>ed Ar<span class=\"_ _1\"/>ab Emir<span class=\"_ _1\"/>atesFugro G<span class=\"_ _1\"/>B (N<span class=\"_ _1\"/>or<span class=\"_ _1\"/>th) Marine L<span class=\"_ _1\"/>imite<span class=\"_ _1\"/>d<span class=\"_ _2bc\"> </span><span class=\"ls4c ws53\">Aberdeen<span class=\"_ _1\"/>, Unit<span class=\"_ _6\"/>ed Kingdom</span>Fugro Ge<span class=\"_ _1\"/>oSer<span class=\"_ _1\"/>vices Limite<span class=\"_ _1\"/>d<span class=\"_ _51\"> </span><span class=\"ls78 ws7d\">Falmouth<span class=\"_ _1\"/>, United King<span class=\"_ _1\"/>dom</span>Hush Cr<span class=\"_ _1\"/>aft L<span class=\"_ _1\"/>td<span class=\"_ _22b\"> </span><span class=\"ls39 ws216\">49%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls7a ws7f\">Suf<span class=\"_ _1\"/>folk<span class=\"_ _1\"/>, Unite<span class=\"_ _1\"/>d Kin<span class=\"_ _1\"/>gdom</span>Fugro H<span class=\"_ _1\"/>oldings L<span class=\"_ _1\"/>imited<span class=\"_ _176\"> </span><span class=\"ls7a ws7f\">Wallingfor<span class=\"_ _1\"/>d, Unite<span class=\"_ _1\"/>d Kin<span class=\"_ _1\"/>gdom</span>Fugro G<span class=\"_ _1\"/>B Mar<span class=\"_ _1\"/>ine Limite<span class=\"_ _1\"/>d<span class=\"_ _27f\"> </span><span class=\"ls7a ws7f\">Wallingfo<span class=\"_ _1\"/>rd, Unite<span class=\"_ _1\"/>d Kin<span class=\"_ _1\"/>gdom</span>Fugro Properties Limited<span class=\"_ _8f\"> </span><span class=\"ls7a ws7f\">Walling<span class=\"_ _1\"/>ford, U<span class=\"_ _1\"/>nited K<span class=\"_ _1\"/>ingd<span class=\"_ _1\"/>om</span>Glo<span class=\"_ _1\"/>bal Marin<span class=\"_ _1\"/>e Hol<span class=\"_ _1\"/>dings LLC<span class=\"_ _ec\"> </span><span class=\"ls202 ws20e\">2<span class=\"_ _1\"/>3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>6%</span>*<span class=\"_ _47\"> </span><span class=\"fs6\">De<span class=\"_ _1\"/>laware<span class=\"_ _1\"/>, United St<span class=\"_ _1\"/>ates</span>Fugr<span class=\"_ _1\"/>o Brasilis<span class=\"_ _1\"/>, Inc.<span class=\"_ _1d1\"> </span><span class=\"ls2 ws2\">H<span class=\"_ _1\"/>ouston<span class=\"_ _1\"/>, Unite<span class=\"_ _1\"/>d States</span>Fugro G<span class=\"_ _1\"/>ulf, Inc.<span class=\"_ _2bd\"> </span>Hous<span class=\"_ _1\"/>ton, Uni<span class=\"_ _1\"/>ted StatesFugro Sy<span class=\"_ _1\"/>nerg<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, Inc<span class=\"_ _1\"/>.<span class=\"_ _109\"> </span>Ho<span class=\"_ _1\"/>uston, Un<span class=\"_ _1\"/>ited StatesFugro USA Land, Inc.<span class=\"_ _2b4\"> </span><span class=\"ls2 ws2\">Houston<span class=\"_ _1\"/>, United St<span class=\"_ _1\"/>ates</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-233-4": {
   "value": "37.  RELATED PARTIESThe Group has a related party relationship with its subsidiaries, equity-accounted investees and key management personnel. Balances and transactions between the company and its subsidiaries, which are related parties, have been eliminated on consolidation and are not disclosed in this note.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-234-3": {
   "value": "Transactions with key management personnelFugro\u2019s key management personnel (as defined in IAS 24) consists of the people in the Board of Management, Executive Leadership Team and Supervisory Board. The Executive Leadership Team consists of the two members of Board of Management and seven senior managers. The Board of Management controls the Executive Leadership Team. The key management compensation, based on amounts recognised in the statement of comprehensive income, is as follows:Share-Post-based Short-term employ-payment employee ment  expense (in EUR)benefits benefits    Severance   (IFRS 2)   Total 2022 Board of Management 2,097,624 46,953-951,376 3,095,953Senior managers 3,438,990 149,939 97,615 779,323 4,465,867Executive Leadership Team (subtotal) 5,536,614 196,892 97,615 1,730,699 7,561,820Supervisory Board 483,000- - -483,000Total  6,019,614 196,892 97,615 1,730,699 8,044,820Share-Post-based Short-term employ-payment employee ment  expense (in EUR)benefits benefits   Severance  (IFRS 2)   Total 2021 Board of Management 1,988,548 46,698-1,218,184 3,253,430Senior managers 3,015,580 147,292-897,408 4,060,280Executive Leadership Team (subtotal) 5,004,128 193,990-2,115,592 7,313,710Supervisory Board 425,415- - -425,415Total  5,429,543 193,990-2,115,592 7,739,125The Dutch Civil Code disclosures with respect to remuneration of individual members of the Board of Management and Supervisory Board are included in the Remuneration report.Other transactions with key management personnelThe Board of Management, certain senior managers and certain Supervisory Board members can acquire shares in Fugro on an arm\u2019s length basis. These transactions are not compensation and as such no expense was recorded during the period.2022 2021Number of Number of Number of Number of shares shares shares shares acquired disposed of acquired disposed of during the during the during the during the year Issue price paid yearyear Issue price paid yearBoard of Management- - -30,000 EUR 7.59-Senior managers 1,500 EUR 14.69 \u2013 EUR 14.70  - - - -Executive Leadership Team (subtotal) 1,500- -30,000- -Supervisory Board 28,100 EUR 11.38 \u2013 EUR 13.59-6,500 EUR 7.55 \u2013 EUR 7.62-Total 29,600-36,500-The individual shareholdings are less than 5%.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-238-2": {
   "value": "38.  SUBSEQUENT EVENTSOn 31 January 2023, Fugro signed a vessel charter agreement with a third party. 2023, INNOVATE Corp. (a third party) announced that it has closed the sale of the The charter payments for Fugro excluding potential indexations are estimated between remaining 19% interest in Huawei Marine Networks Co. Ltd. The 19% interest was held by USD 28 million (3 years) and USD 49 million (5 years). On 23 February 2023, Fugro reached Global Marine Holdings LLC, an entity in which INNOVATE Corp. is the majority agreement with a third party to acquire two platform supply vessels, which will be shareholder and in which Fugro holds an 23.6% interest. After taxes and transaction costs, repurposed to geotechnical vessels. The respective capital expenditures will be accounted Fugro will receive approximately USD 10 million, resulting in a minor positive result. for in 2023. The airplane which was presented as non-current asset held for sale in the This completes the divestment of Fugro\u2019s non-core interest in the Global Marine Group APAC region at 31 December, was sold to a third party on 24 February 2023. On 7 March associate, which was presented as non-current asset held for sale (note 8.2).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-239-6": {
   "value": "39. <span class=\"_ _295\"> </span><span class=\"ff5 fs6 ls1ef ws47\">S<span class=\"_ _6\"/>UBSIDIARIES AND<span class=\"_ _7\"/> INVESTM<span class=\"_ _1\"/>ENTS<span class=\"_ _6\"/> A<span class=\"_ _6\"/>CC<span class=\"_ _7\"/>OUNTE<span class=\"_ _1\"/>D<span class=\"_ _7\"/> FOR USING<span class=\"_ _7\"/> TH<span class=\"_ _1\"/>E<span class=\"_ _7\"/> EQU<span class=\"_ _1\"/>ITY<span class=\"_ _7\"/> </span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>METHOD OF<span class=\"_ _7\"/> FUG<span class=\"_ _1\"/>R<span class=\"_ _7\"/>O N.<span class=\"_ _7\"/>V<span class=\"_ _7\"/>.<span class=\"_ _7\"/> Unless st<span class=\"_ _1\"/>ated other<span class=\"_ _1\"/>wise<span class=\"_ _1\"/>, the direc<span class=\"_ _1\"/>t or indire<span class=\"_ _1\"/>ct interest of Fu<span class=\"_ _1\"/>gro in the subsidiaries listed Fugro G<span class=\"_ _1\"/>eote<span class=\"_ _1\"/>chnical S<span class=\"_ _1\"/>er<span class=\"_ _1\"/>vices L<span class=\"_ _1\"/>td.<span class=\"_ _3b\"> </span>Fo T<span class=\"_ _7\"/>an<span class=\"_ _1\"/>, Hon<span class=\"_ _1\"/>g Kongbel<span class=\"_ _1\"/>ow is 10<span class=\"_ _1\"/>0<span class=\"_ _1\"/>%<span class=\"_ _1\"/>. Insignificant<span class=\"_ _1\"/>, but consolidated<span class=\"_ _1\"/>, subsidiaries have not be<span class=\"_ _1\"/>en include<span class=\"_ _1\"/>d. Fugro Techni<span class=\"_ _1\"/>cal Ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices Ltd.<span class=\"_ _179\"> </span>T<span class=\"_ _7\"/>ue<span class=\"_ _1\"/>n Mun, H<span class=\"_ _1\"/>ong KongFor e<span class=\"_ _1\"/>ntities whe<span class=\"_ _1\"/>re the direc<span class=\"_ _1\"/>t or indire<span class=\"_ _1\"/>ct interest of Fu<span class=\"_ _1\"/>gro is less than 5<span class=\"_ _1\"/>0%<span class=\"_ _1\"/>, the G<span class=\"_ _1\"/>roup Fugro Geosciences<span class=\"_ _6\"/> Interna<span class=\"_ _6\"/>tional Ltd.<span class=\"_ _110\"> </span><span class=\"ls2 ws2\">Wanchai<span class=\"_ _1\"/>, Hong K<span class=\"_ _1\"/>ong</span>consolidates financ<span class=\"_ _1\"/>ial information of such enti<span class=\"_ _1\"/>ties based on t<span class=\"_ _1\"/>he definit<span class=\"_ _1\"/>ion of control.Fugro (<span class=\"_ _1\"/>Hon<span class=\"_ _1\"/>g Kong<span class=\"_ _1\"/>) Ltd.<span class=\"_ _2b0\"> </span>Wanchai<span class=\"_ _1\"/>, Hong K<span class=\"_ _1\"/>ongFugro H<span class=\"_ _1\"/>oldings (<span class=\"_ _1\"/>Hon<span class=\"_ _1\"/>g Kong) L<span class=\"_ _1\"/>td.<span class=\"_ _2b1\"> </span>Wanchai<span class=\"_ _1\"/>, Hong K<span class=\"_ _1\"/>ongThe subsidiaries liste<span class=\"_ _1\"/>d belo<span class=\"_ _1\"/>w have been f<span class=\"_ _1\"/>ully incorpo<span class=\"_ _1\"/>rated into the consoli<span class=\"_ _1\"/>dated financial Fugro S<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>vey (In<span class=\"_ _1\"/>dia) Private L<span class=\"_ _1\"/>imited<span class=\"_ _98\"> </span>Navi M<span class=\"_ _1\"/>umbai, In<span class=\"_ _1\"/>diastatem<span class=\"_ _1\"/>ents of Fugro<span class=\"_ _1\"/>, unless indicated oth<span class=\"_ _1\"/>er<span class=\"_ _1\"/>wise.Fugro G<span class=\"_ _1\"/>eote<span class=\"_ _1\"/>ch (I<span class=\"_ _1\"/>ndia) Priv<span class=\"_ _1\"/>ate Limite<span class=\"_ _1\"/>d<span class=\"_ _1fe\"> </span>N<span class=\"_ _1\"/>avi Mumbai<span class=\"_ _1\"/>, IndiaPT Fugro Indonesia<span class=\"_ _2b2\"> </span><span class=\"ls1c8 ws1cd\">80%<span class=\"_ _c0\"> </span><span class=\"ls78 ws7d\">Jakar<span class=\"_ _1\"/>ta Selatan<span class=\"_ _1\"/>, Indonesia</span></span>The infor<span class=\"_ _1\"/>mation as require<span class=\"_ _1\"/>d by sec<span class=\"_ _1\"/>tions 2<span class=\"_ _1\"/>:3<span class=\"_ _1\"/>79 and 2<span class=\"_ _1\"/>:41<span class=\"_ _1\"/>4 of the Dutch Ci<span class=\"_ _1\"/>vil Code has be<span class=\"_ _1\"/>en Fug<span class=\"_ _1\"/>ro-<span class=\"_ _1\"/>E<span class=\"_ _1\"/>T<span class=\"_ _1\"/>W L<span class=\"_ _1\"/>LC<span class=\"_ _51\"> </span><span class=\"ls1c8 ws1cd\">50%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls43 ws4b\">Basra, Iraq</span>file<span class=\"_ _1\"/>d at the tr<span class=\"_ _1\"/>ade regist<span class=\"_ _1\"/>r<span class=\"_ _1\"/>y of the Chambe<span class=\"_ _1\"/>r of Commerce in The H<span class=\"_ _1\"/>ague.Fugro I<span class=\"_ _1\"/>taly S<span class=\"_ _1\"/>.p.<span class=\"_ _0\"/>A<span class=\"_ _1\"/>.<span class=\"_ _2b3\"> </span><span class=\"ls43 ws4b\">Rome, Italy</span>Fugro J<span class=\"_ _1\"/>apan Co.<span class=\"_ _1\"/>, Ltd.<span class=\"_ _2b4\"> </span><span class=\"ls78 ws7d\">T<span class=\"_ _6\"/>ok<span class=\"_ _1\"/>yo, Japan</span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>Bulan Se<span class=\"_ _1\"/>latan Sdn B<span class=\"_ _1\"/>hd<span class=\"_ _3c\"> </span><span class=\"ls39 ws216\">49%<span class=\"_ _c0\"> </span></span>Kual<span class=\"_ _1\"/>a Lumpur, MalaysiaFugro M<span class=\"_ _1\"/>alaysia Mar<span class=\"_ _1\"/>ine Sdn Bh<span class=\"_ _1\"/>d<span class=\"_ _2b5\"> </span><span class=\"ls1c8 ws1cd\">30%<span class=\"_ _c0\"> </span></span>Kuala L<span class=\"_ _1\"/>umpur, MalaysiaFugro A<span class=\"_ _1\"/>ustra<span class=\"_ _1\"/>lia Lan<span class=\"_ _1\"/>d Pt<span class=\"_ _1\"/>y L<span class=\"_ _1\"/>td.<span class=\"_ _179\"> </span><span class=\"ls67 ws6b\">Perth, A<span class=\"_ _1\"/>ustralia</span>Fugro M<span class=\"_ _1\"/>auritius L<span class=\"_ _1\"/>td.<span class=\"_ _2ab\"> </span>Q<span class=\"_ _1\"/>uatre B<span class=\"_ _1\"/>orne<span class=\"_ _1\"/>s, Maur<span class=\"_ _1\"/>itiusFugro H<span class=\"_ _1\"/>oldings (<span class=\"_ _1\"/>Austr<span class=\"_ _1\"/>alia) Pt<span class=\"_ _1\"/>y L<span class=\"_ _1\"/>td.<span class=\"_ _80\"> </span><span class=\"ls67 ws6b\">Per<span class=\"_ _1\"/>th, Austr<span class=\"_ _1\"/>ali<span class=\"_ _6\"/>a</span>Fugro M<span class=\"_ _1\"/>exico S<span class=\"_ _1\"/>.<span class=\"_ _1\"/>A<span class=\"_ _1\"/>. de C<span class=\"_ _1\"/>.V.<span class=\"_ _52\"> </span>Ciud<span class=\"_ _1\"/>ad Del C<span class=\"_ _1\"/>arme<span class=\"_ _1\"/>n, Camp<span class=\"_ _1\"/>ech<span class=\"_ _1\"/>e, Fugro A<span class=\"_ _1\"/>ustra<span class=\"_ _1\"/>lia Marine P<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y Ltd<span class=\"_ _1\"/>.<span class=\"_ _256\"> </span><span class=\"ls67 ws6b\">Per<span class=\"_ _1\"/>th, Austr<span class=\"_ _1\"/>ali<span class=\"_ _6\"/>a</span>Me<span class=\"_ _1\"/>xicoFugro E<span class=\"_ _1\"/>xpl<span class=\"_ _1\"/>orat<span class=\"_ _1\"/>ion P<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y Ltd.<span class=\"_ _2ac\"> </span><span class=\"ls67 ws6b\">Per<span class=\"_ _1\"/>th, Australia</span>Fugro H<span class=\"_ _1\"/>oldings (<span class=\"_ _1\"/>NZ<span class=\"_ _1\"/>) Ltd<span class=\"_ _1\"/>.<span class=\"_ _8f\"> </span><span class=\"ls43 ws4b\">N<span class=\"_ _1\"/>ew Plymouth, New Zeal<span class=\"_ _6\"/>and</span>SOC<span class=\"_ _1\"/>AR-Fugro L<span class=\"_ _1\"/>LC<span class=\"_ _7e\"> </span><span class=\"ls39 ws216\">49%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls78 ws7d\">Baku<span class=\"_ _1\"/>, Azerbaijan</span>Fugro N<span class=\"_ _1\"/>ew Ze<span class=\"_ _1\"/>aland Ltd.<span class=\"_ _29a\"> </span><span class=\"ls43 ws4b\">New Plymouth, New Zeal<span class=\"_ _6\"/>and</span>Fugro I<span class=\"_ _1\"/>n Situ G<span class=\"_ _1\"/>eotecn<span class=\"_ _1\"/>ia Ltda.<span class=\"_ _238\"> </span><span class=\"ls7a ws7f\">P<span class=\"_ _1\"/>inhais, Br<span class=\"_ _1\"/>azil</span>Fugro N<span class=\"_ _1\"/>or<span class=\"_ _1\"/>way A<span class=\"_ _1\"/>S<span class=\"_ _1e0\"> </span><span class=\"ls4c ws53\">Oslo, Nor<span class=\"_ _1\"/>way</span>Fugro B<span class=\"_ _1\"/>rasil Le<span class=\"_ _1\"/>vantam<span class=\"_ _1\"/>entos Ltda.<span class=\"_ _249\"> </span>R<span class=\"_ _1\"/>io de Jan<span class=\"_ _1\"/>eiro, B<span class=\"_ _1\"/>razilFugr<span class=\"_ _1\"/>o Philippin<span class=\"_ _1\"/>es Inc.<span class=\"_ _1\"/> <span class=\"_ _2b6\"> </span>Manila<span class=\"_ _1\"/>, Philipp<span class=\"_ _1\"/>inesFugro H<span class=\"_ _1\"/>olding B<span class=\"_ _1\"/>elgium N<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _24c\"> </span><span class=\"ls43 ws4b\">Louvain<span class=\"_ _6\"/> la Neuve, Belgiu<span class=\"_ _6\"/>m</span>Fugro P<span class=\"_ _1\"/>eninsular Ser<span class=\"_ _1\"/>vi<span class=\"_ _1\"/>ces Co. W.L<span class=\"_ _1\"/>.<span class=\"_ _1\"/>L<span class=\"_ _1\"/>.<span class=\"_ _12a\"> </span><span class=\"ls39 ws216\">49%<span class=\"_ _c0\"> </span></span>Do<span class=\"_ _1\"/>ha, Qat<span class=\"_ _1\"/>arFugro C<span class=\"_ _1\"/>anada<span class=\"_ _1\"/>, Corp.<span class=\"_ _2ad\"> </span><span class=\"ls1fa ws206\">St. J<span class=\"_ _1\"/>ohn\u2019s, Canada</span>Fugro<span class=\"_ _1\"/>-Suhaimi Ltd.<span class=\"_ _a5\"> </span><span class=\"ls1c8 ws1cd\">5<span class=\"_ _1\"/>0%<span class=\"_ _c0\"> </span><span class=\"ls78 ws7d\">Dammam<span class=\"_ _1\"/>, Saudi Arabia</span></span>Fugro C<span class=\"_ _1\"/>hile S.<span class=\"_ _0\"/>A<span class=\"_ _1\"/>.<span class=\"_ _115\"> </span><span class=\"ls78 ws7d\">Santiago, Chile</span>Easter<span class=\"_ _1\"/>n Suppor<span class=\"_ _1\"/>te<span class=\"_ _1\"/>r Pte L<span class=\"_ _1\"/>td <span class=\"_ _9d\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>China Offshore Fugro<span class=\"_ _6\"/> GeoSolutions (Shen<span class=\"_ _6\"/>zhen<span class=\"_ _6\"/>) 50%*<span class=\"_ _39\"> </span><span class=\"fs6 ls2b ws33\">Shekou, Shen<span class=\"_ _7\"/>zhen, China</span>Fugro M<span class=\"_ _1\"/>arine Pe<span class=\"_ _1\"/>rsonn<span class=\"_ _1\"/>el P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _ad\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Co. Ltd<span class=\"_ _1\"/>.Fugro S<span class=\"_ _1\"/>ingapor<span class=\"_ _1\"/>e Marine P<span class=\"_ _1\"/>te L<span class=\"_ _1\"/>td<span class=\"_ _77\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro O<span class=\"_ _1\"/>ff<span class=\"_ _1\"/>shore Sur<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>y (Shenzhen) Co. Ltd<span class=\"_ _1\"/>.<span class=\"_ _4b\"> </span><span class=\"ls2b ws33\">Shen<span class=\"_ _7\"/>zhen, China</span>Fugro S<span class=\"_ _1\"/>atellite Positio<span class=\"_ _1\"/>ning P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _25e\"> </span><span class=\"ls1e5 ws1eb\">Singa<span class=\"_ _6\"/>pore, Singapore</span>Fugro P<span class=\"_ _1\"/>acif<span class=\"_ _1\"/>ica Qinhua<span class=\"_ _1\"/>ngdao Co. L<span class=\"_ _1\"/>td.<span class=\"_ _110\"> </span><span class=\"ls1fa ws206\">Qinhuang<span class=\"_ _1\"/>dao, China</span>Fugro P<span class=\"_ _1\"/>rope<span class=\"_ _1\"/>rt<span class=\"_ _1\"/>ies P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _8f\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro Techni<span class=\"_ _1\"/>cal Ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices (Guangzhou) Ltd.<span class=\"_ _54\"> </span><span class=\"ls7a ws7f\">G<span class=\"_ _1\"/>uangzhou<span class=\"_ _1\"/>, China</span>Sout<span class=\"_ _1\"/>hern E<span class=\"_ _1\"/>volutio<span class=\"_ _1\"/>n Pte L<span class=\"_ _1\"/>td.<span class=\"_ _4f\"> </span><span class=\"ls1e5 ws1eb\">Singapore<span class=\"_ _1\"/>, Si<span class=\"_ _6\"/>ngapore</span>Fugro Co<span class=\"_ _1\"/>nsultants Inte<span class=\"_ _1\"/>rnatio<span class=\"_ _1\"/>nal N.V.<span class=\"_ _23c\"> </span>W<span class=\"_ _1\"/>illemsta<span class=\"_ _1\"/>d, Cura<span class=\"_ _1\"/>\u00e7aoEaster<span class=\"_ _1\"/>n Marine<span class=\"_ _1\"/>r Pt<span class=\"_ _1\"/>e Ltd.<span class=\"_ _53\"> </span><span class=\"ls1e5 ws1eb\">Si<span class=\"_ _6\"/>ngapore, Singapore</span>Fugro Financial I<span class=\"_ _1\"/>nternational N<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _95\"> </span><span class=\"ls2 ws2\">W<span class=\"_ _1\"/>illemsta<span class=\"_ _1\"/>d, Cura<span class=\"_ _1\"/>\u00e7ao</span>Easter<span class=\"_ _1\"/>n Equator P<span class=\"_ _1\"/>te Ltd<span class=\"_ _1\"/>.<span class=\"_ _123\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro M<span class=\"_ _1\"/>arine Sur<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>y Int. L<span class=\"_ _1\"/>td. Egy<span class=\"_ _1\"/>pt<span class=\"_ _cd\"> </span><span class=\"ls2b ws33\">Cairo,<span class=\"_ _6\"/> Egypt</span>Fugro S<span class=\"_ _1\"/>ingapor<span class=\"_ _1\"/>e Lan<span class=\"_ _1\"/>d Pte L<span class=\"_ _1\"/>td.<span class=\"_ _2b7\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro S<span class=\"_ _1\"/>.<span class=\"_ _1\"/>A<span class=\"_ _1\"/>.<span class=\"_ _1\"/>E<span class=\"_ _1\"/>.<span class=\"_ _53\"> </span>-<span class=\"_ _231\"> </span><span class=\"ls2b ws33\">Cairo, Egypt</span>Fugro S<span class=\"_ _1\"/>ubsea T<span class=\"_ _6\"/>echn<span class=\"_ _1\"/>ologi<span class=\"_ _1\"/>es P<span class=\"_ _1\"/>te Ltd.<span class=\"_ _98\"> </span><span class=\"ls1e5 ws1eb\">Singapore, Singapore</span>Fugro G<span class=\"_ _1\"/>eoi<span class=\"_ _1\"/>d S.<span class=\"_ _1\"/>A<span class=\"_ _0\"/>.<span class=\"_ _1\"/>S.<span class=\"_ _2ae\"> </span><span class=\"ls78 ws7d\">Castr<span class=\"_ _1\"/>ies, Fran<span class=\"_ _1\"/>ce</span>Fugro S<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>vey Afr<span class=\"_ _1\"/>ica (P<span class=\"_ _1\"/>t<span class=\"_ _1\"/>y) Ltd.<span class=\"_ _fe\"> </span>Ca<span class=\"_ _1\"/>pe T<span class=\"_ _6\"/>own<span class=\"_ _1\"/>, South A<span class=\"_ _1\"/>fric<span class=\"_ _1\"/>aFugro H<span class=\"_ _1\"/>olding Fr<span class=\"_ _1\"/>ance S<span class=\"_ _1\"/>.<span class=\"_ _1\"/>A<span class=\"_ _1\"/>.<span class=\"_ _1\"/>S.<span class=\"_ _1ff\"> </span><span class=\"ls78 ws7d\">Nanterre, Fr<span class=\"_ _1\"/>ance</span>Fugro G<span class=\"_ _1\"/>eo<span class=\"_ _1\"/>detic AG<span class=\"_ _2ae\"> </span><span class=\"ls28 ws30\">Zug<span class=\"_ _1\"/>, Switzerland</span>Fugro G<span class=\"_ _1\"/>ermany L<span class=\"_ _1\"/>and GmbH<span class=\"_ _179\"> </span><span class=\"ls7a ws7f\">Berlin<span class=\"_ _1\"/>, Ge<span class=\"_ _1\"/>rmany</span>Fugro I<span class=\"_ _1\"/>OV<span class=\"_ _1\"/>T<span class=\"_ _1\"/>EC Co. L<span class=\"_ _1\"/>td.<span class=\"_ _81\"> </span><span class=\"ls39 ws216\">49%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls78 ws7d\">T<span class=\"_ _6\"/>aipei Cit<span class=\"_ _1\"/>y, T<span class=\"_ _7\"/>aiw<span class=\"_ _1\"/>an</span>Fugro G<span class=\"_ _1\"/>ermany Marine G<span class=\"_ _1\"/>mbH<span class=\"_ _256\"> </span><span class=\"ls4c ws53\">Bremen, G<span class=\"_ _1\"/>ermany</span>Agun<span class=\"_ _1\"/>g Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _257\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherland<span class=\"_ _7\"/>s</span>Fugro G<span class=\"_ _1\"/>hana Limi<span class=\"_ _1\"/>ted <span class=\"_ _2af\"> </span><span class=\"ls1c8 ws1cd\">90%<span class=\"_ _c0\"> </span><span class=\"ls1fa ws206\">Accra<span class=\"_ _1\"/>, Ghana</span></span>Kik<span class=\"_ _1\"/>a Shipping<span class=\"_ _1\"/> B.V<span class=\"_ _6\"/>.<span class=\"_ _2b8\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>Comp<span class=\"_ _1\"/>any<span class=\"_ _2ab\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _ae\"> </span><span class=\"ls12b ws13a\">Of<span class=\"_ _1\"/>fice, Countr<span class=\"_ _1\"/>y</span></span>Kilima<span class=\"_ _1\"/>njaro Shippin<span class=\"_ _1\"/>g B.V.<span class=\"_ _27f\"> </span><span class=\"ls43 ws4b\">Leidschenda<span class=\"_ _6\"/>m, The Netherlands</span>Fugro En<span class=\"_ _6\"/>terprise, Inc.<span class=\"_ _1f9\"> </span><span class=\"ls2 ws2\">H<span class=\"_ _1\"/>ouston<span class=\"_ _1\"/>, United St<span class=\"_ _1\"/>ates</span>Fugro N<span class=\"_ _1\"/>L Ser<span class=\"_ _1\"/>v<span class=\"_ _1\"/>ices B.V.<span class=\"_ _1d0\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Fugro (<span class=\"_ _1\"/>USA<span class=\"_ _1\"/>) Hol<span class=\"_ _1\"/>dings, In<span class=\"_ _1\"/>c.<span class=\"_ _9d\"> </span>Houston<span class=\"_ _1\"/>, Unite<span class=\"_ _1\"/>d StatesKat<span class=\"_ _1\"/>la Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _1b3\"> </span><span class=\"ls43 ws4b\">Leidschenda<span class=\"_ _6\"/>m, The Netherlands</span>Fugro U<span class=\"_ _1\"/>SA Mar<span class=\"_ _1\"/>ine, Inc<span class=\"_ _1\"/>.<span class=\"_ _1cd\"> </span>L<span class=\"_ _1\"/>af<span class=\"_ _1\"/>ayett<span class=\"_ _1\"/>e, Unite<span class=\"_ _1\"/>d StatesAlutan Ship<span class=\"_ _1\"/>ping B.V<span class=\"_ _7\"/>.<span class=\"_ _239\"> </span><span class=\"ls43 ws4b\">Leidschendam, The<span class=\"_ _6\"/> Netherlands</span>*Jo<span class=\"_ _1\"/>int arr<span class=\"_ _1\"/>ang<span class=\"_ _1\"/>eme<span class=\"_ _1\"/>nts cl<span class=\"_ _1\"/>assif<span class=\"_ _1\"/>ied as j<span class=\"_ _1\"/>oint v<span class=\"_ _1\"/>entur<span class=\"_ _1\"/>es or ass<span class=\"_ _1\"/>ocia<span class=\"_ _1\"/>tes tha<span class=\"_ _1\"/>t are e<span class=\"_ _1\"/>quit<span class=\"_ _1\"/>y-acco<span class=\"_ _1\"/>unted<span class=\"_ _1\"/>.Erebus Shippi<span class=\"_ _6\"/>ng B.V<span class=\"_ _7\"/>.<span class=\"_ _45\"> </span><span class=\"ls43 ws4b\">Leids<span class=\"_ _6\"/>chendam, The Netherland<span class=\"_ _6\"/>s</span>Fos<span class=\"_ _1\"/>ter Shipp<span class=\"_ _1\"/>ing B.V.<span class=\"_ _fb\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Mayo<span class=\"_ _1\"/>n Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _2ad\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherland<span class=\"_ _6\"/>s</span>T<span class=\"_ _7\"/>ar<span class=\"_ _1\"/>anaki Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _1d0\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>T<span class=\"_ _6\"/>ongar<span class=\"_ _1\"/>iro Shipp<span class=\"_ _1\"/>ing B.V.<span class=\"_ _176\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Ar<span class=\"_ _1\"/>juna Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _255\"> </span><span class=\"ls43 ws4b\">L<span class=\"_ _1\"/>eidsc<span class=\"_ _6\"/>hendam, The Netherland<span class=\"_ _6\"/>s</span>Fugro S<span class=\"_ _1\"/>ur<span class=\"_ _1\"/>vey B.V.<span class=\"_ _2b9\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Fugro N<span class=\"_ _1\"/>L L<span class=\"_ _1\"/>and B<span class=\"_ _1\"/>.<span class=\"_ _6\"/>V<span class=\"_ _6\"/>.<span class=\"_ _1b3\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Fugro Nederland B.V<span class=\"_ _7\"/>.<span class=\"_ _2ba\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Fugro I<span class=\"_ _1\"/>nnovati<span class=\"_ _1\"/>on &amp; Technolo<span class=\"_ _1\"/>gy B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _1a8\"> </span><span class=\"ls43 ws4b\">Leidschendam, The<span class=\"_ _6\"/> Netherlands</span>Fugro M<span class=\"_ _1\"/>arine S<span class=\"_ _1\"/>er<span class=\"_ _1\"/>vices B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _9d\"> </span><span class=\"ls43 ws4b\">L<span class=\"_ _1\"/>eids<span class=\"_ _6\"/>chendam, The Netherland<span class=\"_ _6\"/>s</span>Fugro F<span class=\"_ _1\"/>inancial Reso<span class=\"_ _1\"/>urces B.V<span class=\"_ _6\"/>.<span class=\"_ _d6\"> </span><span class=\"ls43 ws4b\">Leids<span class=\"_ _6\"/>chendam, The Netherland<span class=\"_ _6\"/>s</span>Fugro Vastg<span class=\"_ _1\"/>oed B<span class=\"_ _1\"/>.V<span class=\"_ _7\"/>.<span class=\"_ _2bb\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherla<span class=\"_ _6\"/>nds</span>Scener<span class=\"_ _1\"/>y Sh<span class=\"_ _6\"/>ipping B.<span class=\"_ _6\"/>V<span class=\"_ _7\"/>.<span class=\"_ _227\"> </span><span class=\"ls43 ws4b\">Leidschenda<span class=\"_ _6\"/>m, The Netherlands</span>Semeru Shipping<span class=\"_ _6\"/> B.V<span class=\"_ _7\"/>.<span class=\"_ _227\"> </span><span class=\"ls43 ws4b\">Leidschendam, The Netherlands</span>Seabed<span class=\"_ _7\"/> Geosolu<span class=\"_ _6\"/>tion<span class=\"_ _7\"/>s B.V<span class=\"_ _7\"/>.<span class=\"_ _2ac\"> </span><span class=\"ls43 ws4b\">Leidschend<span class=\"_ _6\"/>am, The Netherlands</span>Wavew<span class=\"_ _1\"/>alker B.V.<span class=\"_ _4f\"> </span><span class=\"ls1c8 ws1cd\">50%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls43 ws4b\">Leidschendam, The Netherland<span class=\"_ _7\"/>s</span>Bosav<span class=\"_ _1\"/>i Shippin<span class=\"_ _1\"/>g B.V.<span class=\"_ _239\"> </span><span class=\"ls2 ws2\">No<span class=\"_ _1\"/>otdorp, T<span class=\"_ _1\"/>he Ne<span class=\"_ _1\"/>therla<span class=\"_ _1\"/>nds</span>Hast<span class=\"_ _1\"/>ve<span class=\"_ _1\"/>da Shipping B<span class=\"_ _1\"/>.V<span class=\"_ _6\"/>.<span class=\"_ _299\"> </span><span class=\"ls2 ws2\">N<span class=\"_ _1\"/>ootdor<span class=\"_ _1\"/>p, The N<span class=\"_ _1\"/>ether<span class=\"_ _1\"/>lands</span>Fugro N<span class=\"_ _1\"/>ethe<span class=\"_ _1\"/>rlands Mar<span class=\"_ _1\"/>ine B<span class=\"_ _1\"/>.<span class=\"_ _6\"/>V<span class=\"_ _6\"/>.<span class=\"_ _c2\"> </span>No<span class=\"_ _1\"/>otdorp, T<span class=\"_ _1\"/>he Net<span class=\"_ _1\"/>herlan<span class=\"_ _1\"/>dsFugro Trinidad L<span class=\"_ _1\"/>td.<span class=\"_ _1fc\"> </span><span class=\"ls7a ws7f\">Por<span class=\"_ _1\"/>t of Spain<span class=\"_ _1\"/>, T<span class=\"_ _7\"/>r<span class=\"_ _1\"/>inidad</span>Fugro M<span class=\"_ _1\"/>iddle East<span class=\"_ _af\"> </span><span class=\"ls39 ws216\">49%<span class=\"_ _c0\"> </span></span>D<span class=\"_ _1\"/>ubai, Unit<span class=\"_ _1\"/>ed Ar<span class=\"_ _1\"/>ab Emir<span class=\"_ _1\"/>atesFugro G<span class=\"_ _1\"/>B (N<span class=\"_ _1\"/>or<span class=\"_ _1\"/>th) Marine L<span class=\"_ _1\"/>imite<span class=\"_ _1\"/>d<span class=\"_ _2bc\"> </span><span class=\"ls4c ws53\">Aberdeen<span class=\"_ _1\"/>, Unit<span class=\"_ _6\"/>ed Kingdom</span>Fugro Ge<span class=\"_ _1\"/>oSer<span class=\"_ _1\"/>vices Limite<span class=\"_ _1\"/>d<span class=\"_ _51\"> </span><span class=\"ls78 ws7d\">Falmouth<span class=\"_ _1\"/>, United King<span class=\"_ _1\"/>dom</span>Hush Cr<span class=\"_ _1\"/>aft L<span class=\"_ _1\"/>td<span class=\"_ _22b\"> </span><span class=\"ls39 ws216\">49%</span>*<span class=\"_ _39\"> </span><span class=\"fs6 ls7a ws7f\">Suf<span class=\"_ _1\"/>folk<span class=\"_ _1\"/>, Unite<span class=\"_ _1\"/>d Kin<span class=\"_ _1\"/>gdom</span>Fugro H<span class=\"_ _1\"/>oldings L<span class=\"_ _1\"/>imited<span class=\"_ _176\"> </span><span class=\"ls7a ws7f\">Wallingfor<span class=\"_ _1\"/>d, Unite<span class=\"_ _1\"/>d Kin<span class=\"_ _1\"/>gdom</span>Fugro G<span class=\"_ _1\"/>B Mar<span class=\"_ _1\"/>ine Limite<span class=\"_ _1\"/>d<span class=\"_ _27f\"> </span><span class=\"ls7a ws7f\">Wallingfo<span class=\"_ _1\"/>rd, Unite<span class=\"_ _1\"/>d Kin<span class=\"_ _1\"/>gdom</span>Fugro Properties Limited<span class=\"_ _8f\"> </span><span class=\"ls7a ws7f\">Walling<span class=\"_ _1\"/>ford, U<span class=\"_ _1\"/>nited K<span class=\"_ _1\"/>ingd<span class=\"_ _1\"/>om</span>Glo<span class=\"_ _1\"/>bal Marin<span class=\"_ _1\"/>e Hol<span class=\"_ _1\"/>dings LLC<span class=\"_ _ec\"> </span><span class=\"ls202 ws20e\">2<span class=\"_ _1\"/>3<span class=\"_ _1\"/>.<span class=\"_ _1\"/>6%</span>*<span class=\"_ _47\"> </span><span class=\"fs6\">De<span class=\"_ _1\"/>laware<span class=\"_ _1\"/>, United St<span class=\"_ _1\"/>ates</span>Fugr<span class=\"_ _1\"/>o Brasilis<span class=\"_ _1\"/>, Inc.<span class=\"_ _1d1\"> </span><span class=\"ls2 ws2\">H<span class=\"_ _1\"/>ouston<span class=\"_ _1\"/>, Unite<span class=\"_ _1\"/>d States</span>Fugro G<span class=\"_ _1\"/>ulf, Inc.<span class=\"_ _2bd\"> </span>Hous<span class=\"_ _1\"/>ton, Uni<span class=\"_ _1\"/>ted StatesFugro Sy<span class=\"_ _1\"/>nerg<span class=\"_ _1\"/>y<span class=\"_ _6\"/>, Inc<span class=\"_ _1\"/>.<span class=\"_ _109\"> </span>Ho<span class=\"_ _1\"/>uston, Un<span class=\"_ _1\"/>ited StatesFugro USA Land, Inc.<span class=\"_ _2b4\"> </span><span class=\"ls2 ws2\">Houston<span class=\"_ _1\"/>, United St<span class=\"_ _1\"/>ates</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:7245000R8GNBSDTSZ396",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}