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  },
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    "entity": "scheme:7245000UZH70GO047N03",
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  },
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  },
  "f59787": {
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   }
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    "concept": "ifrs-full:ProceedsFromExerciseOfOptions",
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  },
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   }
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    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
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  },
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    "entity": "scheme:7245000UZH70GO047N03",
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   }
  },
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    "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f59823": {
   "value": "3345000",
   "decimals": -3,
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    "concept": "REF:SettlementOfDerivativesClassifiedAsFinancingActivities",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
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   }
  },
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   "decimals": -3,
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    "concept": "REF:SettlementOfDerivativesClassifiedAsFinancingActivities",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
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    "concept": "ifrs-full:ProceedsFromNoncurrentBorrowings",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
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  },
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    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
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  },
  "f59848": {
   "value": "19256000",
   "decimals": -3,
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    "concept": "ifrs-full:RepaymentsOfNoncurrentBorrowings",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
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   }
  },
  "f59852": {
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   "decimals": -3,
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  },
  "f59859": {
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   "decimals": -3,
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    "entity": "scheme:7245000UZH70GO047N03",
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  "f59864": {
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    "entity": "scheme:7245000UZH70GO047N03",
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  "f59874": {
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    "entity": "scheme:7245000UZH70GO047N03",
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    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
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  "f59886": {
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   "decimals": -3,
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    "unit": "iso4217:EUR"
   }
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  "f59924": {
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   "decimals": -3,
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  "f59936": {
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    "entity": "scheme:7245000UZH70GO047N03",
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    "unit": "iso4217:EUR"
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    "entity": "scheme:7245000UZH70GO047N03",
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    "unit": "iso4217:EUR"
   }
  },
  "f59947": {
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    "entity": "scheme:7245000UZH70GO047N03",
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    "unit": "iso4217:EUR"
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    "entity": "scheme:7245000UZH70GO047N03",
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  },
  "s7_notes__6__18": {
   "value": "1 <span class=\"_ _10e\"> </span>General inf<span class=\"_ _b\"/>ormationArcadis NV<span class=\"_ _5\"/> is a public company or<span class=\"_ _5\"/>ganized under Dut<span class=\"_ _5\"/>ch law<span class=\"_ _0\"/>.<span class=\"_ _5\"/> Its statut<span class=\"_ _5\"/>ory seat is <span class=\"_ _5\"/>Amster<span class=\"_ _5\"/>dam and its principal office is loca<span class=\"_ _5\"/>ted a<span class=\"_ _5\"/>t: Gusta<span class=\"_ _5\"/>v Mahlerplein 9<span class=\"_ _5\"/>71082 MS Amster<span class=\"_ _5\"/>damThe NetherlandsArcadis NV<span class=\"_ _5\"/> and its consolidat<span class=\"_ _5\"/>ed subsidiaries (\u2018<span class=\"_ _0\"/>Arcadis\u2019<span class=\"_ _3\"/>,<span class=\"_ _b\"/> <span class=\"_ _5\"/>\u2018the Group\u2019<span class=\"_ _0\"/> or <span class=\"_ _5\"/>\u2018the Company\u2019) is a leading gl<span class=\"_ _5\"/>obal Design &amp; Consul<span class=\"_ _b\"/>tanc<span class=\"_ _6\"/>y firm f<span class=\"_ _5\"/>or na<span class=\"_ _5\"/>tural and buil<span class=\"_ _b\"/>t assets.<span class=\"_ _b\"/> Applying deep mark<span class=\"_ _b\"/>et sector insigh<span class=\"_ _5\"/>ts and collective design,<span class=\"_ _b\"/> consul<span class=\"_ _5\"/>tancy<span class=\"_ _5\"/>,<span class=\"_ _b\"/> engineering,<span class=\"_ _5\"/> project and managemen<span class=\"_ _5\"/>t services,<span class=\"_ _b\"/> the Group works in partnership with clien<span class=\"_ _5\"/>ts to deliver e<span class=\"_ _5\"/>xcep<span class=\"_ _5\"/>tional and sustainabl<span class=\"_ _5\"/>e outcomes <span class=\"_ _5\"/>throughout <span class=\"_ _5\"/>the lifecycle o<span class=\"_ _5\"/>f their<span class=\"_ _5\"/> natur<span class=\"_ _5\"/>al and buil<span class=\"_ _5\"/>t assets.In acc<span class=\"_ _5\"/>ordance with <span class=\"_ _5\"/>Articles 2:37<span class=\"_ _5\"/>9 and 4<span class=\"_ _5\"/>1<span class=\"_ _5\"/>4 of <span class=\"_ _5\"/>the Dutch Civil C<span class=\"_ _5\"/>ode,<span class=\"_ _b\"/> the list o<span class=\"_ _b\"/>f subsidiaries and investmen<span class=\"_ _5\"/>ts<span class=\"_ _6\"/> acc<span class=\"_ _5\"/>ounted <span class=\"_ _5\"/>for using <span class=\"_ _5\"/>the equity method is <span class=\"_ _5\"/>filed with the Chamber<span class=\"_ _5\"/> of C<span class=\"_ _5\"/>ommerce in <span class=\"_ _5\"/>Amster<span class=\"_ _5\"/>dam,<span class=\"_ _b\"/> the<span class=\"_ _6\"/> Netherlands.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__5": {
   "value": "1 <span class=\"_ _10e\"> </span>General inf<span class=\"_ _b\"/>ormationArcadis NV<span class=\"_ _5\"/> is a public company or<span class=\"_ _5\"/>ganized under Dut<span class=\"_ _5\"/>ch law<span class=\"_ _0\"/>.<span class=\"_ _5\"/> Its statut<span class=\"_ _5\"/>ory seat is <span class=\"_ _5\"/>Amster<span class=\"_ _5\"/>dam and its principal office is loca<span class=\"_ _5\"/>ted a<span class=\"_ _5\"/>t: Gusta<span class=\"_ _5\"/>v Mahlerplein 9<span class=\"_ _5\"/>71082 MS Amster<span class=\"_ _5\"/>damThe NetherlandsArcadis NV<span class=\"_ _5\"/> and its consolidat<span class=\"_ _5\"/>ed subsidiaries (\u2018<span class=\"_ _0\"/>Arcadis\u2019<span class=\"_ _3\"/>,<span class=\"_ _b\"/> <span class=\"_ _5\"/>\u2018the Group\u2019<span class=\"_ _0\"/> or <span class=\"_ _5\"/>\u2018the Company\u2019) is a leading gl<span class=\"_ _5\"/>obal Design &amp; Consul<span class=\"_ _b\"/>tanc<span class=\"_ _6\"/>y firm f<span class=\"_ _5\"/>or na<span class=\"_ _5\"/>tural and buil<span class=\"_ _b\"/>t assets.<span class=\"_ _b\"/> Applying deep mark<span class=\"_ _b\"/>et sector insigh<span class=\"_ _5\"/>ts and collective design,<span class=\"_ _b\"/> consul<span class=\"_ _5\"/>tancy<span class=\"_ _5\"/>,<span class=\"_ _b\"/> engineering,<span class=\"_ _5\"/> project and managemen<span class=\"_ _5\"/>t services,<span class=\"_ _b\"/> the Group works in partnership with clien<span class=\"_ _5\"/>ts to deliver e<span class=\"_ _5\"/>xcep<span class=\"_ _5\"/>tional and sustainabl<span class=\"_ _5\"/>e outcomes <span class=\"_ _5\"/>throughout <span class=\"_ _5\"/>the lifecycle o<span class=\"_ _5\"/>f their<span class=\"_ _5\"/> natur<span class=\"_ _5\"/>al and buil<span class=\"_ _5\"/>t assets.In acc<span class=\"_ _5\"/>ordance with <span class=\"_ _5\"/>Articles 2:37<span class=\"_ _5\"/>9 and 4<span class=\"_ _5\"/>1<span class=\"_ _5\"/>4 of <span class=\"_ _5\"/>the Dutch Civil C<span class=\"_ _5\"/>ode,<span class=\"_ _b\"/> the list o<span class=\"_ _b\"/>f subsidiaries and investmen<span class=\"_ _5\"/>ts<span class=\"_ _6\"/> acc<span class=\"_ _5\"/>ounted <span class=\"_ _5\"/>for using <span class=\"_ _5\"/>the equity method is <span class=\"_ _5\"/>filed with the Chamber<span class=\"_ _5\"/> of C<span class=\"_ _5\"/>ommerce in <span class=\"_ _5\"/>Amster<span class=\"_ _5\"/>dam,<span class=\"_ _b\"/> the<span class=\"_ _6\"/> Netherlands.2 <span class=\"_ _10e\"> </span>Basis of<span class=\"_ _5\"/> prepara<span class=\"_ _5\"/>tionSta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f complianceThe Consolida<span class=\"_ _5\"/>ted financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements hav<span class=\"_ _5\"/>e been prepared in ac<span class=\"_ _5\"/>cordance <span class=\"_ _5\"/>with Interna<span class=\"_ _b\"/>tional Financial Reporting Standards (IFRSs) as a<span class=\"_ _5\"/>dopted b<span class=\"_ _5\"/>y the Eur<span class=\"_ _5\"/>opean Union and in conf<span class=\"_ _5\"/>ormity with Part 9 o<span class=\"_ _5\"/>f Book 2 o<span class=\"_ _5\"/>f the Dutch Civil C<span class=\"_ _5\"/>ode.<span class=\"_ _b\"/> In accor<span class=\"_ _5\"/>dance with sub 8 o<span class=\"_ _5\"/>f article 362,<span class=\"_ _b\"/> Book 2 of<span class=\"_ _5\"/> the Dut<span class=\"_ _5\"/>ch Civil Code,<span class=\"_ _b\"/> the C<span class=\"_ _5\"/>ompany financial sta<span class=\"_ _5\"/>tements ar<span class=\"_ _5\"/>e prepared based on the a<span class=\"_ _5\"/>ccounting principl<span class=\"_ _5\"/>es of r<span class=\"_ _5\"/>ecognition,<span class=\"_ _b\"/> measurement and det<span class=\"_ _5\"/>ermination o<span class=\"_ _5\"/>f pro<span class=\"_ _5\"/>fit,<span class=\"_ _5\"/> as applied in the Consolida<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>financial stat<span class=\"_ _5\"/>ements.<span class=\"_ _b\"/> These principles a<span class=\"_ _5\"/>lso include the classification and presen<span class=\"_ _5\"/>tation o<span class=\"_ _5\"/>f financial instrumen<span class=\"_ _5\"/>ts,<span class=\"_ _b\"/> being equity instruments or <span class=\"_ _5\"/>financial liabilities.The Consolida<span class=\"_ _5\"/>ted financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements w<span class=\"_ _5\"/>ere authorized f<span class=\"_ _5\"/>or issue by<span class=\"_ _5\"/> the Ex<span class=\"_ _5\"/>ecutive Board and Supervisor<span class=\"_ _6\"/>y Board on 1<span class=\"_ _5\"/>6 February 20<span class=\"_ _5\"/>23.<span class=\"_ _b\"/> The Consolida<span class=\"_ _5\"/>ted financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements as present<span class=\"_ _5\"/>ed in this Annua<span class=\"_ _5\"/>l Integr<span class=\"_ _5\"/>at<span class=\"_ _5\"/>ed Report are subject <span class=\"_ _5\"/>to adop<span class=\"_ _5\"/>tion by <span class=\"_ _5\"/>the General Mee<span class=\"_ _5\"/>ting of Shar<span class=\"_ _5\"/>eholders,<span class=\"_ _b\"/> to be hel<span class=\"_ _5\"/>d on 1<span class=\"_ _5\"/>2 May 2<span class=\"_ _5\"/>023.Basis of<span class=\"_ _5\"/> measurementThe Consolida<span class=\"_ _5\"/>ted financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements hav<span class=\"_ _5\"/>e been prepared on hist<span class=\"_ _b\"/>orical cost basis,<span class=\"_ _0\"/> excep<span class=\"_ _5\"/>t f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>the fol<span class=\"_ _5\"/>lowing items,<span class=\"_ _0\"/> which are measured a<span class=\"_ _5\"/>t a differen<span class=\"_ _5\"/>t basis on each r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting dat<span class=\"_ _5\"/>e:\u2022 <span class=\"_ _44\"> </span><span class=\"fc6 ws1\">derivativ<span class=\"_ _5\"/>e financial instruments and shar<span class=\"_ _5\"/>e-based compensation arrangemen<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> which are measur<span class=\"_ _5\"/>ed at </span>fair valu<span class=\"_ _6\"/>e;\u2022 <span class=\"_ _44\"> </span><span class=\"fc6 ws1\">net defined benefit<span class=\"_ _5\"/> (asset)/liability<span class=\"_ _5\"/>,<span class=\"_ _b\"/> which is measured at<span class=\"_ _5\"/> the f<span class=\"_ _5\"/>air v<span class=\"_ _5\"/>alue o<span class=\"_ _5\"/>f plan assets less <span class=\"_ _5\"/>the present </span>val<span class=\"_ _5\"/>ue of <span class=\"_ _5\"/>the defined benefit obliga<span class=\"_ _5\"/>tion; \u2022 <span class=\"_ _44\"> </span><span class=\"fc6 ws1\">contingent<span class=\"_ _5\"/> considera<span class=\"_ _5\"/>tion assumed in a business combination,<span class=\"_ _0\"/> which is measured at<span class=\"_ _5\"/> fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue; and </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6 ws1\">financial assets at<span class=\"_ _5\"/> fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue through pro<span class=\"_ _b\"/>f<span class=\"_ _6\"/>it or l<span class=\"_ _5\"/>oss,<span class=\"_ _5\"/> which are measur<span class=\"_ _5\"/>ed at<span class=\"_ _5\"/> fair <span class=\"_ _5\"/>val<span class=\"_ _5\"/>ue.</span>F<span class=\"_ _5\"/>or more detail<span class=\"_ _5\"/>ed informa<span class=\"_ _5\"/>tion on the measuremen<span class=\"_ _5\"/>t basis,<span class=\"_ _b\"/> ref<span class=\"_ _5\"/>erence is made <span class=\"_ _5\"/>to the significant<span class=\"_ _5\"/> accoun<span class=\"_ _5\"/>ting policies as included in the r<span class=\"_ _5\"/>elevan<span class=\"_ _5\"/>t not<span class=\"_ _b\"/>es to the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed financial sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>ts.Basis of<span class=\"_ _5\"/> consolida<span class=\"_ _5\"/>tionThe Consolida<span class=\"_ _5\"/>ted financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements include <span class=\"_ _5\"/>the accoun<span class=\"_ _5\"/>ts of <span class=\"_ _5\"/>Arcadis NV and its subsidiaries,<span class=\"_ _0\"/> and the Company\u2019s in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>ts in jointl<span class=\"_ _5\"/>y contr<span class=\"_ _5\"/>olled entities and associa<span class=\"_ _b\"/>tes.<span class=\"_ _b\"/> Intra-group balanc<span class=\"_ _5\"/>es and transactions,<span class=\"_ _b\"/> any unrealiz<span class=\"_ _5\"/>ed gains and losses or income and e<span class=\"_ _5\"/>xpenses arising from intr<span class=\"_ _5\"/>a-group tr<span class=\"_ _5\"/>ansactions are eliminat<span class=\"_ _5\"/>ed in preparing the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed financial sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> Unrealiz<span class=\"_ _5\"/>ed gains arising from tr<span class=\"_ _5\"/>ansactions with associa<span class=\"_ _5\"/>tes and joint <span class=\"_ _5\"/>ventures ar<span class=\"_ _5\"/>e eliminat<span class=\"_ _5\"/>ed against<span class=\"_ _5\"/> the inves<span class=\"_ _5\"/>tment t<span class=\"_ _b\"/>o the exten<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> the Compan<span class=\"_ _5\"/>y\u2019s inter<span class=\"_ _5\"/>est in <span class=\"_ _5\"/>the<span class=\"_ _6\"/> inves<span class=\"_ _5\"/>tee.<span class=\"_ _0\"/> Unrealized losses ar<span class=\"_ _5\"/>e eliminat<span class=\"_ _5\"/>ed in the same wa<span class=\"_ _b\"/>y as unrealized gains,<span class=\"_ _0\"/> but only<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o the ext<span class=\"_ _5\"/>ent tha<span class=\"_ _b\"/>t there is no evidenc<span class=\"_ _5\"/>e of impairmen<span class=\"_ _5\"/>t.F<span class=\"_ _5\"/>oreign currenciesFunctional and reporting currencyThe Consolida<span class=\"_ _5\"/>ted financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements are presen<span class=\"_ _5\"/>ted in euros,<span class=\"_ _0\"/> which is the Compan<span class=\"_ _5\"/>y\u2019s functional and reporting currency<span class=\"_ _b\"/>.<span class=\"_ _5\"/> All amounts sho<span class=\"_ _5\"/>wn in the financial s<span class=\"_ _5\"/>tatemen<span class=\"_ _5\"/>ts are in thousands o<span class=\"_ _5\"/>f euros unl<span class=\"_ _5\"/>ess otherwise<span class=\"_ _6\"/> sta<span class=\"_ _5\"/>ted.<span class=\"_ _b\"/> Items included in <span class=\"_ _5\"/>the financial inf<span class=\"_ _5\"/>ormation o<span class=\"_ _5\"/>f each o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>Arcadis\u2019<span class=\"_ _0\"/> entities are measured using the curr<span class=\"_ _5\"/>ency of<span class=\"_ _5\"/> the primary economic envir<span class=\"_ _5\"/>onment in which <span class=\"_ _5\"/>the entity oper<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es (the functional currency).<span class=\"_ _b\"/> If the <span class=\"_ _5\"/>functional<span class=\"_ _6\"/> currency o<span class=\"_ _5\"/>f a (for<span class=\"_ _5\"/>eign) subsidiary<span class=\"_ _5\"/>,<span class=\"_ _5\"/> joint <span class=\"_ _5\"/>venture or<span class=\"_ _5\"/> associat<span class=\"_ _5\"/>e is not<span class=\"_ _5\"/> the euro<span class=\"_ _5\"/>,<span class=\"_ _5\"/> f<span class=\"_ _5\"/>oreign currency ex<span class=\"_ _b\"/>change<span class=\"_ _6\"/> differenc<span class=\"_ _5\"/>es arising from tr<span class=\"_ _5\"/>anslation are r<span class=\"_ _5\"/>ecognized as <span class=\"_ _5\"/>translation diff<span class=\"_ _5\"/>erences in Other c<span class=\"_ _5\"/>omprehensive income and present<span class=\"_ _5\"/>ed in the T<span class=\"_ _0\"/>ranslation reserve in equity<span class=\"_ _b\"/>.F<span class=\"_ _5\"/>oreign currency transactions T<span class=\"_ _b\"/>ransactions in f<span class=\"_ _5\"/>oreign currencies are <span class=\"_ _5\"/>translat<span class=\"_ _5\"/>ed int<span class=\"_ _5\"/>o the functional currency<span class=\"_ _5\"/> of en<span class=\"_ _5\"/>tities using the f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>e at<span class=\"_ _5\"/> transaction da<span class=\"_ _5\"/>te<span class=\"_ _5\"/>.<span class=\"_ _5\"/> The functional curr<span class=\"_ _5\"/>ency of<span class=\"_ _5\"/> the f<span class=\"_ _5\"/>oreign entities is in genera<span class=\"_ _5\"/>l the loca<span class=\"_ _5\"/>l currency<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Monetary assets and liabilities denomina<span class=\"_ _5\"/>ted in f<span class=\"_ _5\"/>oreign currencies ar<span class=\"_ _5\"/>e transla<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to the <span class=\"_ _5\"/>functional currency o<span class=\"_ _5\"/>f the en<span class=\"_ _5\"/>tity using the ex<span class=\"_ _b\"/>change rates a<span class=\"_ _b\"/>t the balance shee<span class=\"_ _5\"/>t da<span class=\"_ _5\"/>te.Exchange r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e differences ar<span class=\"_ _5\"/>e included in pro<span class=\"_ _5\"/>fit or loss.<span class=\"_ _b\"/> Non-monetary assets and liabilities tha<span class=\"_ _b\"/>t are measured a<span class=\"_ _5\"/>t fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue in a f<span class=\"_ _5\"/>oreign currency ar<span class=\"_ _5\"/>e transla<span class=\"_ _5\"/>ted int<span class=\"_ _5\"/>o the functional curr<span class=\"_ _5\"/>ency at<span class=\"_ _5\"/> the ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>e when the <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue w<span class=\"_ _5\"/>as determined.<span class=\"_ _0\"/> Non-monetar<span class=\"_ _6\"/>y it<span class=\"_ _5\"/>ems that<span class=\"_ _5\"/> are measured based on his<span class=\"_ _5\"/>torical c<span class=\"_ _5\"/>ost in a for<span class=\"_ _5\"/>eign currency are tr<span class=\"_ _5\"/>anslat<span class=\"_ _5\"/>ed at<span class=\"_ _5\"/> the ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>e at<span class=\"_ _5\"/> the dat<span class=\"_ _b\"/>e of the <span class=\"_ _5\"/>transaction.F<span class=\"_ _5\"/>oreign operationsThe assets and liabilities o<span class=\"_ _5\"/>f f<span class=\"_ _5\"/>oreign opera<span class=\"_ _5\"/>tions,<span class=\"_ _b\"/> including Goodwill and fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue adjustmen<span class=\"_ _5\"/>ts arising on<span class=\"_ _6\"/> acquisitions,<span class=\"_ _0\"/> are transla<span class=\"_ _5\"/>ted t<span class=\"_ _b\"/>o euros at e<span class=\"_ _5\"/>xchange ra<span class=\"_ _5\"/>tes a<span class=\"_ _5\"/>t the r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The income and e<span class=\"_ _5\"/>xpenses of for<span class=\"_ _5\"/>eign operations ar<span class=\"_ _5\"/>e transla<span class=\"_ _5\"/>ted int<span class=\"_ _5\"/>o euros using a<span class=\"_ _5\"/>verage e<span class=\"_ _5\"/>xchange ra<span class=\"_ _5\"/>tes,<span class=\"_ _0\"/> approximating <span class=\"_ _5\"/>the f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>es at<span class=\"_ _5\"/> transaction da<span class=\"_ _5\"/>te<span class=\"_ _5\"/>.T<span class=\"_ _b\"/>ranslation differ<span class=\"_ _5\"/>ences are rec<span class=\"_ _5\"/>ognized in Other compr<span class=\"_ _5\"/>ehensive income and presen<span class=\"_ _5\"/>ted in <span class=\"_ _5\"/>the T<span class=\"_ _b\"/>ranslation reserve in Equity<span class=\"_ _b\"/>.<span class=\"_ _b\"/> For subsidiaries no<span class=\"_ _5\"/>t <span class=\"_ _5\"/>wholl<span class=\"_ _5\"/>y owned,<span class=\"_ _b\"/> the rel<span class=\"_ _5\"/>evant<span class=\"_ _5\"/> proportionate shar<span class=\"_ _5\"/>e of <span class=\"_ _5\"/>the transla<span class=\"_ _5\"/>tion differenc<span class=\"_ _5\"/>e is alloca<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to the non-con<span class=\"_ _5\"/>trolling int<span class=\"_ _5\"/>erests.<span class=\"_ _0\"/> When a for<span class=\"_ _5\"/>eign operation is disposed o<span class=\"_ _5\"/>f<span class=\"_ _b\"/>,<span class=\"_ _5\"/> in part or in full,<span class=\"_ _b\"/> the relev<span class=\"_ _5\"/>ant amoun<span class=\"_ _5\"/>t in the T<span class=\"_ _0\"/>ranslation reserve is <span class=\"_ _5\"/>transf<span class=\"_ _5\"/>erred t<span class=\"_ _5\"/>o profit or<span class=\"_ _5\"/> loss as part of<span class=\"_ _5\"/> the gain or l<span class=\"_ _5\"/>oss<span class=\"_ _6\"/> on disposal.Accoun<span class=\"_ _5\"/>ting estima<span class=\"_ _5\"/>tes and managemen<span class=\"_ _5\"/>t judgementsThe prepara<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the Consolida<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>financial stat<span class=\"_ _5\"/>ements requir<span class=\"_ _5\"/>es management <span class=\"_ _5\"/>to mak<span class=\"_ _5\"/>e judgements,<span class=\"_ _b\"/> estima<span class=\"_ _5\"/>tes and assump<span class=\"_ _5\"/>tions that<span class=\"_ _5\"/> affect <span class=\"_ _5\"/>the application o<span class=\"_ _5\"/>f acc<span class=\"_ _5\"/>ounting policies and the reported amoun<span class=\"_ _5\"/>ts of assets,<span class=\"_ _b\"/> liabilities,<span class=\"_ _b\"/> income and expenses as wel<span class=\"_ _5\"/>l as the inf<span class=\"_ _5\"/>ormation disclosed.<span class=\"_ _0\"/> The most significant<span class=\"_ _5\"/> accoun<span class=\"_ _5\"/>ting estima<span class=\"_ _5\"/>tes and managemen<span class=\"_ _5\"/>t judgments are r<span class=\"_ _5\"/>elat<span class=\"_ _5\"/>ed to:\u2022 <span class=\"_ _44\"> </span><span class=\"fc6 wse7\"> Rev<span class=\"_ _5\"/>enue <span class=\"_ _2\"> </span>recognit<span class=\"ws1\">ion (\u2018<span class=\"_ _5\"/>cost<span class=\"_ _5\"/> to c<span class=\"_ _5\"/>omplet<span class=\"_ _5\"/>e\u2019) and es<span class=\"_ _5\"/>timat<span class=\"_ _5\"/>e of <span class=\"_ _5\"/>the variabl<span class=\"_ _5\"/>e consideration <span class=\"_ _0\"/>\u2013<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 7<span class=\"_ _5\"/>;</span></span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Goodwill impairment<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>ting and assumptions underl<span class=\"_ _b\"/>ying recover<span class=\"_ _5\"/>able amount <span class=\"_ _0\"/>\u2013<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 14<span class=\"_ _5\"/>;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Purchase price a<span class=\"_ _5\"/>lloca<span class=\"_ _5\"/>tion <span class=\"_ _5\"/>\u2013<span class=\"_ _b\"/> see note 6<span class=\"_ _5\"/>;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Segment r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 5;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Def<span class=\"_ _5\"/>erred tax rec<span class=\"_ _5\"/>ognition and uncertain tax trea<span class=\"_ _b\"/>tments <span class=\"_ _5\"/>\u2013<span class=\"_ _b\"/> see note 1<span class=\"_ _b\"/>2;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Leases-<span class=\"_ _b\"/> estima<span class=\"_ _5\"/>ting the incrementa<span class=\"_ _5\"/>l borrowing ra<span class=\"_ _5\"/>te <span class=\"_ _0\"/>\u2013<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 16;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Reco<span class=\"_ _5\"/>verability o<span class=\"_ _b\"/>f trade r<span class=\"_ _5\"/>eceivables <span class=\"_ _0\"/>\u2013<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 21<span class=\"_ _b\"/>;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Contr<span class=\"_ _5\"/>act assets (unbill<span class=\"_ _5\"/>ed receivabl<span class=\"_ _5\"/>es),<span class=\"_ _b\"/> contract liabilities (bil<span class=\"_ _5\"/>ling in exc<span class=\"_ _5\"/>ess of r<span class=\"_ _5\"/>evenue) and pro<span class=\"_ _5\"/>visions </span>for<span class=\"_ _5\"/> onerous contr<span class=\"_ _5\"/>acts <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 22;\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Provisions <span class=\"_ _5\"/>for de<span class=\"_ _5\"/>fined benefit pension obligations <span class=\"_ _0\"/>\u2013<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 28;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Recognition and measur<span class=\"_ _5\"/>ement o<span class=\"_ _5\"/>f pro<span class=\"_ _5\"/>visions: key<span class=\"_ _5\"/> assumptions about <span class=\"_ _5\"/>the likelihood and ma<span class=\"_ _5\"/>gnitude of </span>an outflow o<span class=\"_ _b\"/>f resources <span class=\"_ _0\"/>\u2013<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 29;\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Going concern <span class=\"_ _0\"/>-<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 32.</span>The acc<span class=\"_ _5\"/>ounting estima<span class=\"_ _5\"/>tes and judgements in pr<span class=\"_ _5\"/>eparing the Consolida<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>financial stat<span class=\"_ _5\"/>ements are <span class=\"_ _5\"/>fur<span class=\"_ _6\"/>ther explained in the r<span class=\"_ _5\"/>elevan<span class=\"_ _5\"/>t not<span class=\"_ _b\"/>es to the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed financial sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> In general,<span class=\"_ _b\"/> the judgements,<span class=\"_ _b\"/> estima<span class=\"_ _5\"/>tes and assump<span class=\"_ _5\"/>tions are based on marke<span class=\"_ _5\"/>t inf<span class=\"_ _5\"/>ormation,<span class=\"_ _b\"/> knowledge<span class=\"_ _5\"/>,<span class=\"_ _5\"/> hist<span class=\"_ _5\"/>orical experience and o<span class=\"_ _5\"/>ther fact<span class=\"_ _5\"/>ors that<span class=\"_ _5\"/> management<span class=\"_ _5\"/> believes t<span class=\"_ _5\"/>o be reasonable under<span class=\"_ _5\"/> the circumstanc<span class=\"_ _5\"/>es.<span class=\"_ _b\"/> Actual resul<span class=\"_ _5\"/>ts may diff<span class=\"_ _5\"/>er fr<span class=\"_ _5\"/>om these estima<span class=\"_ _5\"/>tes.Judgements,<span class=\"_ _b\"/> estimat<span class=\"_ _b\"/>es and underlying assumptions ar<span class=\"_ _5\"/>e review<span class=\"_ _5\"/>ed on an ongoing basis.<span class=\"_ _b\"/> Revisions t<span class=\"_ _5\"/>o acc<span class=\"_ _5\"/>ounting estima<span class=\"_ _5\"/>tes are r<span class=\"_ _5\"/>ecognized in the period in <span class=\"_ _5\"/>which the estima<span class=\"_ _5\"/>te is re<span class=\"_ _5\"/>vised and in any <span class=\"_ _5\"/>future periods affect<span class=\"_ _5\"/>ed.ImpairmentThe carrying amounts of <span class=\"_ _5\"/>the assets of<span class=\"_ _5\"/> Arca<span class=\"_ _5\"/>dis,<span class=\"_ _b\"/> other than C<span class=\"_ _5\"/>ontract<span class=\"_ _5\"/> assets and liabilities,<span class=\"_ _b\"/> Deferred <span class=\"_ _5\"/>tax assets and Financial instrumen<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> are re<span class=\"_ _5\"/>viewed a<span class=\"_ _5\"/>t each reporting dat<span class=\"_ _b\"/>e to det<span class=\"_ _5\"/>ermine whether<span class=\"_ _5\"/> there is any<span class=\"_ _5\"/> indication of<span class=\"_ _5\"/> impairment.<span class=\"_ _b\"/> If such indication e<span class=\"_ _5\"/>xists,<span class=\"_ _b\"/> then the assets r<span class=\"_ _5\"/>ecover<span class=\"_ _5\"/>able amount is es<span class=\"_ _5\"/>timat<span class=\"_ _5\"/>ed.<span class=\"_ _b\"/> Goodwill and other assets tha<span class=\"_ _b\"/>t have an inde<span class=\"_ _5\"/>finite useful lif<span class=\"_ _5\"/>e are t<span class=\"_ _5\"/>ested annua<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y f<span class=\"_ _5\"/>or impairment,<span class=\"_ _b\"/> and when an impairment<span class=\"_ _5\"/> trigger is identified.F<span class=\"_ _5\"/>or impairment <span class=\"_ _5\"/>testing,<span class=\"_ _0\"/> assets are grouped t<span class=\"_ _b\"/>ogether int<span class=\"_ _5\"/>o the small<span class=\"_ _5\"/>est group o<span class=\"_ _b\"/>f assets tha<span class=\"_ _5\"/>t genera<span class=\"_ _5\"/>tes cash inflow<span class=\"_ _5\"/>s from con<span class=\"_ _5\"/>tinuing use that<span class=\"_ _5\"/> are largel<span class=\"_ _b\"/>y independent o<span class=\"_ _5\"/>f the cash in<span class=\"_ _5\"/>flows o<span class=\"_ _5\"/>f other<span class=\"_ _5\"/> assets or cash-genera<span class=\"_ _5\"/>ting units (CGUs).<span class=\"_ _5\"/> Goodwill arising fr<span class=\"_ _5\"/>om a business combination is a<span class=\"_ _5\"/>lloca<span class=\"_ _5\"/>ted t<span class=\"_ _b\"/>o Groups of CGUs <span class=\"_ _5\"/>that are expect<span class=\"_ _5\"/>ed to bene<span class=\"_ _5\"/>fit from <span class=\"_ _5\"/>the synergies o<span class=\"_ _5\"/>f the c<span class=\"_ _5\"/>ombination.The reco<span class=\"_ _5\"/>verable amoun<span class=\"_ _5\"/>t is the grea<span class=\"_ _b\"/>ter o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue less c<span class=\"_ _5\"/>osts t<span class=\"_ _5\"/>o sell and v<span class=\"_ _5\"/>alue in use.<span class=\"_ _0\"/> In assessing the val<span class=\"_ _5\"/>ue in use,<span class=\"_ _b\"/> estimat<span class=\"_ _5\"/>ed future cash <span class=\"_ _5\"/>flows are disc<span class=\"_ _5\"/>ounted <span class=\"_ _5\"/>to presen<span class=\"_ _5\"/>t v<span class=\"_ _5\"/>alues using a discoun<span class=\"_ _5\"/>t ra<span class=\"_ _5\"/>te tha<span class=\"_ _b\"/>t reflects current<span class=\"_ _5\"/> market<span class=\"_ _5\"/> assessments of<span class=\"_ _5\"/> the time <span class=\"_ _5\"/>val<span class=\"_ _5\"/>ue of mone<span class=\"_ _5\"/>y and the risks specific t<span class=\"_ _5\"/>o the asset.<span class=\"_ _0\"/> An impairment loss is rec<span class=\"_ _5\"/>ognized whenev<span class=\"_ _5\"/>er the carrying amount o<span class=\"_ _5\"/>f an asset<span class=\"_ _5\"/> or its CGU ex<span class=\"_ _5\"/>ceeds its rec<span class=\"_ _5\"/>overabl<span class=\"_ _5\"/>e amount.Impairment l<span class=\"_ _5\"/>osses are recogniz<span class=\"_ _5\"/>ed in the income sta<span class=\"_ _b\"/>tement.<span class=\"_ _b\"/> Impairment losses r<span class=\"_ _5\"/>ecognized regar<span class=\"_ _5\"/>ding CGUs are al<span class=\"_ _5\"/>locat<span class=\"_ _5\"/>ed first <span class=\"_ _5\"/>to r<span class=\"_ _5\"/>educe the carrying amount o<span class=\"_ _5\"/>f any<span class=\"_ _5\"/> goodwill all<span class=\"_ _5\"/>ocat<span class=\"_ _5\"/>ed to CGUs and <span class=\"_ _5\"/>then to r<span class=\"_ _5\"/>educe the carrying amount of<span class=\"_ _5\"/> the o<span class=\"_ _5\"/>ther assets in the unit<span class=\"_ _5\"/> on a pro-rata basis.An impairment l<span class=\"_ _5\"/>oss of goodwil<span class=\"_ _5\"/>l is not<span class=\"_ _5\"/> reversed.<span class=\"_ _0\"/> Regarding other<span class=\"_ _5\"/> assets,<span class=\"_ _b\"/> an impairment loss can be r<span class=\"_ _5\"/>eversed if there has been a change in the es<span class=\"_ _5\"/>timat<span class=\"_ _5\"/>es used to de<span class=\"_ _5\"/>termine <span class=\"_ _5\"/>the recov<span class=\"_ _5\"/>erable amount.<span class=\"_ _b\"/> An impairment<span class=\"_ _5\"/> loss is rev<span class=\"_ _5\"/>ersed only<span class=\"_ _5\"/> to <span class=\"_ _5\"/>the ext<span class=\"_ _5\"/>ent tha<span class=\"_ _b\"/>t the asset\u2019s carrying amount<span class=\"_ _5\"/> does not e<span class=\"_ _5\"/>xceed <span class=\"_ _5\"/>the carr<span class=\"_ _6\"/>ying amount <span class=\"_ _5\"/>that<span class=\"_ _5\"/> would hav<span class=\"_ _5\"/>e been determined,<span class=\"_ _0\"/> net of<span class=\"_ _5\"/> depreciation or<span class=\"_ _5\"/> amortization,<span class=\"_ _b\"/> if no impairment l<span class=\"_ _5\"/>oss had been recognized.Financial instrumen<span class=\"_ _5\"/>tsNon-derivativ<span class=\"_ _5\"/>e financial <span class=\"_ _6\"/>assetsFinancial assets incl<span class=\"_ _5\"/>ude trade r<span class=\"_ _5\"/>eceivables,<span class=\"_ _0\"/> other rec<span class=\"_ _5\"/>eivables and loans and borr<span class=\"_ _5\"/>owings.<span class=\"_ _b\"/> Loans,<span class=\"_ _b\"/> receivables,<span class=\"_ _b\"/> and deposits are rec<span class=\"_ _5\"/>ognized on the da<span class=\"_ _5\"/>te the<span class=\"_ _5\"/>y are origina<span class=\"_ _5\"/>ted.<span class=\"_ _0\"/> All other<span class=\"_ _5\"/> financial assets are r<span class=\"_ _5\"/>ecognized initial<span class=\"_ _5\"/>ly on tra<span class=\"_ _5\"/>de dat<span class=\"_ _5\"/>e when the C<span class=\"_ _5\"/>ompany becomes a party <span class=\"_ _5\"/>to the c<span class=\"_ _5\"/>ontractual pr<span class=\"_ _5\"/>ovisions of<span class=\"_ _5\"/> the instrumen<span class=\"_ _5\"/>t.<span class=\"_ _5\"/> Financial assets are der<span class=\"_ _5\"/>ecognized when <span class=\"_ _5\"/>the rights t<span class=\"_ _5\"/>o receiv<span class=\"_ _5\"/>e cash flows <span class=\"_ _5\"/>from the <span class=\"_ _5\"/>financial assets hav<span class=\"_ _5\"/>e expired or ha<span class=\"_ _5\"/>ve been trans<span class=\"_ _5\"/>ferred and <span class=\"_ _5\"/>the Group has tr<span class=\"_ _5\"/>ansferr<span class=\"_ _5\"/>ed substantial<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> all the risks and r<span class=\"_ _5\"/>ewards o<span class=\"_ _5\"/>f ownership<span class=\"_ _5\"/>.<span class=\"_ _5\"/> All financial ins<span class=\"_ _5\"/>truments are initial<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> measured at<span class=\"_ _5\"/> fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue plus or minus,<span class=\"_ _0\"/> in the case of a <span class=\"_ _5\"/>financial asset no<span class=\"_ _5\"/>t at<span class=\"_ _5\"/> fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue through pro<span class=\"_ _b\"/>f<span class=\"_ _6\"/>it or l<span class=\"_ _5\"/>oss,<span class=\"_ _5\"/> transa<span class=\"_ _5\"/>ction costs.<span class=\"_ _b\"/> The Group classifies its financial assets as <span class=\"_ _5\"/>those t<span class=\"_ _5\"/>o be measured subsequentl<span class=\"_ _b\"/>y at<span class=\"_ _5\"/> fair <span class=\"_ _5\"/>value (either<span class=\"_ _5\"/> through Other<span class=\"_ _5\"/> comprehensive inc<span class=\"_ _5\"/>ome or thr<span class=\"_ _5\"/>ough profit or<span class=\"_ _5\"/> loss) or <span class=\"_ _5\"/>those to be measur<span class=\"_ _5\"/>ed at amortized cos<span class=\"_ _5\"/>t.<span class=\"_ _b\"/> The classification depends on the purpose f<span class=\"_ _b\"/>or which the <span class=\"_ _5\"/>financial assets w<span class=\"_ _5\"/>ere acquir<span class=\"_ _5\"/>ed.<span class=\"_ _b\"/> Management det<span class=\"_ _5\"/>ermines the classification o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the financial assets a<span class=\"_ _5\"/>t initial rec<span class=\"_ _5\"/>ognition,<span class=\"_ _5\"/> based on the business model <span class=\"_ _5\"/>for mana<span class=\"_ _5\"/>ging the assets and the c<span class=\"_ _5\"/>ontractual <span class=\"_ _5\"/>terms o<span class=\"_ _5\"/>f the cash <span class=\"_ _5\"/>flows,<span class=\"_ _b\"/> and assesses the designa<span class=\"_ _5\"/>tion at ea<span class=\"_ _5\"/>ch reporting date<span class=\"_ _5\"/>.Offsetting of<span class=\"_ _5\"/> financial assets and liabilitiesFinancial assets and liabilities ar<span class=\"_ _5\"/>e offset and r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ted as a ne<span class=\"_ _5\"/>t amount in <span class=\"_ _5\"/>the balance shee<span class=\"_ _5\"/>t when <span class=\"_ _5\"/>there is a legal<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> enfor<span class=\"_ _5\"/>ceable right<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o offset <span class=\"_ _5\"/>the recognized amoun<span class=\"_ _5\"/>ts and there is an int<span class=\"_ _b\"/>ention to se<span class=\"_ _5\"/>ttle on a net basis or rea<span class=\"_ _5\"/>lize the asset<span class=\"_ _5\"/> and settle <span class=\"_ _5\"/>the liability simul<span class=\"_ _5\"/>taneously<span class=\"_ _0\"/>.<span class=\"_ _5\"/> The lega<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y enf<span class=\"_ _5\"/>orceable righ<span class=\"_ _5\"/>t must no<span class=\"_ _b\"/>t be contingen<span class=\"_ _5\"/>t on future e<span class=\"_ _5\"/>vents and must<span class=\"_ _5\"/> be enf<span class=\"_ _5\"/>orceable in <span class=\"_ _5\"/>the normal course o<span class=\"_ _5\"/>f business and in the ev<span class=\"_ _5\"/>ent o<span class=\"_ _5\"/>f defaul<span class=\"_ _b\"/>t,<span class=\"_ _5\"/> insolv<span class=\"_ _5\"/>ency or bankrup<span class=\"_ _5\"/>tcy o<span class=\"_ _5\"/>f the C<span class=\"_ _5\"/>ompany or<span class=\"_ _5\"/> the count<span class=\"_ _5\"/>erparty<span class=\"_ _5\"/>.Cash flow<span class=\"_ _5\"/> <span class=\"_ _6\"/>sta<span class=\"_ _5\"/>tementThe Cash flow<span class=\"_ _5\"/> stat<span class=\"_ _b\"/>ement has been prepared using <span class=\"_ _5\"/>the indirect method.<span class=\"_ _b\"/> Cash flow<span class=\"_ _5\"/>s in for<span class=\"_ _5\"/>eign currencies hav<span class=\"_ _5\"/>e been transla<span class=\"_ _5\"/>ted int<span class=\"_ _5\"/>o euros using a<span class=\"_ _5\"/>verage e<span class=\"_ _5\"/>xchange ra<span class=\"_ _5\"/>tes,<span class=\"_ _0\"/> approximating <span class=\"_ _5\"/>the f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>e at transaction da<span class=\"_ _5\"/>te.<span class=\"_ _0\"/> Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences on cash items ar<span class=\"_ _5\"/>e shown separa<span class=\"_ _5\"/>tel<span class=\"_ _5\"/>y in the Cash <span class=\"_ _5\"/>flow s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ement.<span class=\"_ _5\"/> Receip<span class=\"_ _b\"/>ts and payments with r<span class=\"_ _5\"/>espect to inc<span class=\"_ _5\"/>ome tax and int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> are included in the Cash <span class=\"_ _5\"/>flows <span class=\"_ _5\"/>from opera<span class=\"_ _5\"/>ting activities.<span class=\"_ _5\"/> The cos<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f acquisition o<span class=\"_ _5\"/>f subsidiaries,<span class=\"_ _b\"/> associat<span class=\"_ _5\"/>es and joint <span class=\"_ _5\"/>ventures,<span class=\"_ _0\"/> and other inves<span class=\"_ _5\"/>tments,<span class=\"_ _b\"/> insofar<span class=\"_ _5\"/> as it was paid <span class=\"_ _5\"/>for<span class=\"_ _5\"/> in cash,<span class=\"_ _5\"/> is included in Cash flo<span class=\"_ _5\"/>ws from in<span class=\"_ _5\"/>vesting activities.<span class=\"_ _b\"/> Acquisitions or dives<span class=\"_ _5\"/>tments of<span class=\"_ _5\"/> subsidiaries are present<span class=\"_ _b\"/>ed net of<span class=\"_ _5\"/> cash balances ac<span class=\"_ _5\"/>quired or disposed o<span class=\"_ _5\"/>f<span class=\"_ _b\"/>,<span class=\"_ _5\"/> respectivel<span class=\"_ _5\"/>y<span class=\"_ _5\"/>.<span class=\"_ _b\"/> Cash<span class=\"_ _6\"/> flows <span class=\"_ _5\"/>from deriva<span class=\"_ _5\"/>tives are rec<span class=\"_ _5\"/>ognized in the Cash <span class=\"_ _5\"/>flow sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>t in the same ca<span class=\"_ _5\"/>tegory as those o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the<span class=\"_ _6\"/> hedged item.Rec<span class=\"_ _5\"/>ent ac<span class=\"_ _5\"/>counting de<span class=\"_ _5\"/>velopmentsAs of 1 <span class=\"_ _b\"/>Januar<span class=\"_ _6\"/>y 2022<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the Group a<span class=\"_ _5\"/>dopt<span class=\"_ _5\"/>ed the amendments <span class=\"_ _5\"/>to IFRS 3 rela<span class=\"_ _5\"/>ting t<span class=\"_ _5\"/>o the Re<span class=\"_ _5\"/>ference <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the Concep<span class=\"_ _b\"/>tual Framew<span class=\"_ _5\"/>ork<span class=\"_ _6\"/>,<span class=\"_ _b\"/> IA<span class=\"_ _6\"/>S 1<span class=\"_ _5\"/>6 relating <span class=\"_ _5\"/>to the pr<span class=\"_ _5\"/>oceeds bef<span class=\"_ _5\"/>ore int<span class=\"_ _5\"/>ended use of pr<span class=\"_ _5\"/>operty<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant and equipment and IAS 3<span class=\"_ _5\"/>7 relating <span class=\"_ _5\"/>to Onerous C<span class=\"_ _5\"/>ontra<span class=\"_ _5\"/>cts <span class=\"_ _5\"/>\u2013<span class=\"_ _5\"/> Costs o<span class=\"_ _b\"/>f Fulfilling a C<span class=\"_ _5\"/>ontract.<span class=\"_ _b\"/> Devel<span class=\"_ _5\"/>opments rela<span class=\"_ _5\"/>ting to <span class=\"_ _5\"/>the published exposure dra<span class=\"_ _5\"/>ft of<span class=\"_ _5\"/> the new s<span class=\"_ _5\"/>tandard <span class=\"_ _b\"/>\u2018General Presen<span class=\"_ _5\"/>tation and Disclosures<span class=\"_ _5\"/>\u2019<span class=\"_ _0\"/>,<span class=\"_ _b\"/> which is int<span class=\"_ _5\"/>ended to r<span class=\"_ _5\"/>eplace IAS 1<span class=\"_ _5\"/>,<span class=\"_ _5\"/> are closel<span class=\"_ _b\"/>y monitored.Onerous Con<span class=\"_ _5\"/>tracts <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> Costs o<span class=\"_ _5\"/>f Ful<span class=\"_ _5\"/>filling a Contra<span class=\"_ _5\"/>ct <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> Amendments t<span class=\"_ _5\"/>o IAS 37An onerous con<span class=\"_ _5\"/>tract is a con<span class=\"_ _5\"/>tract under<span class=\"_ _5\"/> which the una<span class=\"_ _5\"/>voidable o<span class=\"_ _5\"/>f meeting <span class=\"_ _5\"/>the obligations under <span class=\"_ _5\"/>the contra<span class=\"_ _5\"/>ct costs (i.<span class=\"_ _5\"/>e.<span class=\"_ _6\"/>,<span class=\"_ _5\"/> the cos<span class=\"_ _5\"/>ts that<span class=\"_ _5\"/> the Group canno<span class=\"_ _5\"/>t a<span class=\"_ _5\"/>void because it has the c<span class=\"_ _5\"/>ontract) ex<span class=\"_ _5\"/>ceed the ec<span class=\"_ _5\"/>onomic benefits expected <span class=\"_ _5\"/>to be rec<span class=\"_ _5\"/>eived under it.<span class=\"_ _b\"/> The amendments specify <span class=\"_ _5\"/>that <span class=\"_ _5\"/>when assessing whether<span class=\"_ _5\"/> a contra<span class=\"_ _5\"/>ct is onerous or loss-making,<span class=\"_ _0\"/> an entity needs to incl<span class=\"_ _5\"/>ude costs tha<span class=\"_ _5\"/>t rela<span class=\"_ _b\"/>te directl<span class=\"_ _5\"/>y t<span class=\"_ _5\"/>o a contra<span class=\"_ _5\"/>ct t<span class=\"_ _5\"/>o provide goods or services including bo<span class=\"_ _5\"/>th incrementa<span class=\"_ _5\"/>l costs (e<span class=\"_ _5\"/>.g.<span class=\"_ _6\"/>,<span class=\"_ _5\"/> the cos<span class=\"_ _5\"/>ts of dir<span class=\"_ _5\"/>ect labour and mat<span class=\"_ _b\"/>erials) and an alloca<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> costs directl<span class=\"_ _5\"/>y rela<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to con<span class=\"_ _5\"/>tract activities (e.<span class=\"_ _5\"/>g.<span class=\"_ _7\"/>,<span class=\"_ _b\"/> depreciation o<span class=\"_ _5\"/>f equipment<span class=\"_ _5\"/> used to <span class=\"_ _5\"/>fulfil the c<span class=\"_ _5\"/>ontract and c<span class=\"_ _5\"/>osts of<span class=\"_ _5\"/> contra<span class=\"_ _5\"/>ct management<span class=\"_ _5\"/> and<span class=\"_ _6\"/> supervision).<span class=\"_ _5\"/> General and adminis<span class=\"_ _5\"/>trativ<span class=\"_ _5\"/>e costs do no<span class=\"_ _5\"/>t rela<span class=\"_ _5\"/>te directl<span class=\"_ _5\"/>y <span class=\"_ _5\"/>to a con<span class=\"_ _5\"/>tract and are e<span class=\"_ _5\"/>xcluded unl<span class=\"_ _5\"/>ess they ar<span class=\"_ _5\"/>e explicitl<span class=\"_ _5\"/>y chargeable <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the count<span class=\"_ _5\"/>erpar<span class=\"_ _6\"/>ty under <span class=\"_ _5\"/>the contr<span class=\"_ _5\"/>act.The Group has no<span class=\"_ _5\"/>t been impacted b<span class=\"_ _5\"/>y this r<span class=\"_ _5\"/>ecent amendmen<span class=\"_ _5\"/>t as the Gr<span class=\"_ _5\"/>oup is already<span class=\"_ _5\"/> including such costs when assessing whether<span class=\"_ _5\"/> a contra<span class=\"_ _5\"/>ct is onerous or l<span class=\"_ _5\"/>oss-making.Ref<span class=\"_ _5\"/>erence t<span class=\"_ _5\"/>o the Conceptua<span class=\"_ _5\"/>l Framework<span class=\"_ _5\"/> <span class=\"_ _5\"/>\u2013<span class=\"_ _5\"/> Amendments t<span class=\"_ _5\"/>o <span class=\"_ _6\"/>IFRS 3The amendments repla<span class=\"_ _5\"/>ce a ref<span class=\"_ _5\"/>erence <span class=\"_ _5\"/>to a pre<span class=\"_ _5\"/>vious version o<span class=\"_ _5\"/>f the IASB\u2019<span class=\"_ _5\"/>s Concep<span class=\"_ _5\"/>tual Fr<span class=\"_ _5\"/>amework <span class=\"_ _5\"/>with a ref<span class=\"_ _5\"/>erence <span class=\"_ _5\"/>to the curr<span class=\"_ _5\"/>ent <span class=\"_ _5\"/>version issued in March 20<span class=\"_ _5\"/>18 <span class=\"_ _5\"/>without significantl<span class=\"_ _5\"/>y changing its requiremen<span class=\"_ _5\"/>ts.<span class=\"_ _b\"/> The amendments add an e<span class=\"_ _5\"/>xcep<span class=\"_ _5\"/>tion t<span class=\"_ _5\"/>o the recognition principl<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> IFRS 3 Business Combinations <span class=\"_ _5\"/>to a<span class=\"_ _5\"/>void the issue of<span class=\"_ _5\"/> pot<span class=\"_ _5\"/>ential <span class=\"_ _b\"/>\u2018da<span class=\"_ _5\"/>y 2\u2019<span class=\"_ _b\"/> gains or losses arising <span class=\"_ _5\"/>for liabilities and c<span class=\"_ _5\"/>ontingent liabilities <span class=\"_ _5\"/>that<span class=\"_ _5\"/> would be <span class=\"_ _5\"/>within the scope of<span class=\"_ _5\"/> IAS 37 Provisions,<span class=\"_ _0\"/> Contingent Liabilities and C<span class=\"_ _5\"/>ontingent<span class=\"_ _5\"/> Assets or IFRIC 2<span class=\"_ _5\"/>1 Levies,<span class=\"_ _0\"/> if incurred separa<span class=\"_ _5\"/>tel<span class=\"_ _5\"/>y<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The ex<span class=\"_ _5\"/>ception r<span class=\"_ _5\"/>equires entities t<span class=\"_ _5\"/>o appl<span class=\"_ _5\"/>y the crit<span class=\"_ _5\"/>eria in IAS 37 or IFRIC 2<span class=\"_ _b\"/>1,<span class=\"_ _b\"/> respectivel<span class=\"_ _5\"/>y<span class=\"_ _5\"/>,<span class=\"_ _b\"/> insteadof<span class=\"_ _5\"/> the Conc<span class=\"_ _5\"/>eptual F<span class=\"_ _5\"/>ramework,<span class=\"_ _b\"/> to de<span class=\"_ _5\"/>termine <span class=\"_ _5\"/>whether a presen<span class=\"_ _5\"/>t obligation e<span class=\"_ _5\"/>xists at<span class=\"_ _5\"/> the ac<span class=\"_ _5\"/>quisition dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The amendments also a<span class=\"_ _5\"/>dd a new para<span class=\"_ _5\"/>graph t<span class=\"_ _5\"/>o IFRS 3 t<span class=\"_ _5\"/>o clarify that<span class=\"_ _5\"/> contingen<span class=\"_ _5\"/>t assets do no<span class=\"_ _5\"/>t qualify <span class=\"_ _5\"/>for recognition a<span class=\"_ _5\"/>t the a<span class=\"_ _5\"/>cquisition dat<span class=\"_ _b\"/>e.In acc<span class=\"_ _5\"/>ordance with <span class=\"_ _5\"/>the transitiona<span class=\"_ _5\"/>l provisions,<span class=\"_ _b\"/> the Group applies <span class=\"_ _5\"/>the amendments prospectivel<span class=\"_ _5\"/>y<span class=\"_ _b\"/>,<span class=\"_ _5\"/> i.e.<span class=\"_ _6\"/>,<span class=\"_ _b\"/> to business combina<span class=\"_ _5\"/>tions occurring after<span class=\"_ _5\"/> the beginning of<span class=\"_ _5\"/> the annual r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting period in which it <span class=\"_ _5\"/>first applies the amendments (the da<span class=\"_ _5\"/>te o<span class=\"_ _5\"/>f initial applica<span class=\"_ _5\"/>tion).<span class=\"_ _b\"/> In 2022,<span class=\"_ _b\"/> the Group has ac<span class=\"_ _5\"/>quired IBI Group and DPS Group for<span class=\"_ _5\"/> which the pur<span class=\"_ _5\"/>chase price all<span class=\"_ _5\"/>ocation ex<span class=\"_ _5\"/>ercise wil<span class=\"_ _5\"/>l be complet<span class=\"_ _5\"/>ed in 2023.<span class=\"_ _0\"/> The anal<span class=\"_ _5\"/>ysis of<span class=\"_ _5\"/> pot<span class=\"_ _5\"/>ential liabilities or con<span class=\"_ _5\"/>tingent liabilities <span class=\"_ _5\"/>will be performed in 2023 appl<span class=\"_ _b\"/>ying these amendments whene<span class=\"_ _5\"/>ver applicable<span class=\"_ _5\"/>.3 <span class=\"_ _10e\"> </span>Change in accoun<span class=\"_ _5\"/>ting policies There are no significant<span class=\"_ _5\"/> change in accoun<span class=\"_ _5\"/>ting policies adopt<span class=\"_ _5\"/>ed during the <span class=\"_ _5\"/>year ended 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22.4 <span class=\"_ _10e\"> </span>Signif<span class=\"_ _6\"/>icant<span class=\"_ _5\"/> even<span class=\"_ _5\"/>ts in the curren<span class=\"_ _5\"/>t reporting periodThe financial position and performance o<span class=\"_ _b\"/>f the Group has been aff<span class=\"_ _5\"/>ected by <span class=\"_ _5\"/>the f<span class=\"_ _5\"/>ollowing e<span class=\"_ _5\"/>vents and transactions during the r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting period: New Gl<span class=\"_ _5\"/>obal structure modelEarl<span class=\"_ _5\"/>y 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> the Group has announced changes t<span class=\"_ _b\"/>o its operating structure <span class=\"_ _5\"/>to bett<span class=\"_ _5\"/>er serve the needs o<span class=\"_ _5\"/>f the marke<span class=\"_ _5\"/>t and its growing clien<span class=\"_ _5\"/>t base.<span class=\"_ _0\"/> The changes are in line with its 20<span class=\"_ _5\"/>21-2<span class=\"_ _5\"/>023 business stra<span class=\"_ _b\"/>tegy t<span class=\"_ _5\"/>o provide focus,<span class=\"_ _0\"/> global scale and s<span class=\"_ _5\"/>trengthen the sustainabl<span class=\"_ _5\"/>e and digital off<span class=\"_ _5\"/>ering to clien<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> Theref<span class=\"_ _5\"/>ore,<span class=\"_ _0\"/> Arcadis has <span class=\"_ _5\"/>transitioned since 1 <span class=\"_ _5\"/>Januar<span class=\"_ _6\"/>y 20<span class=\"_ _5\"/>22 from a primaril<span class=\"_ _b\"/>y geographical<span class=\"_ _5\"/>-led opera<span class=\"_ _5\"/>ting model, to c<span class=\"_ _5\"/>ollabora<span class=\"_ _5\"/>te acr<span class=\"_ _5\"/>oss borders through gl<span class=\"_ _5\"/>obal business areas.<span class=\"_ _b\"/> Four<span class=\"_ _5\"/> Global Business <span class=\"_ _5\"/>Areas (GBAs) have been set up <span class=\"_ _0\"/>\u2013<span class=\"_ _5\"/> Resilience<span class=\"_ _5\"/>,<span class=\"_ _5\"/> Places,<span class=\"_ _0\"/> Mobility and Intel<span class=\"_ _5\"/>ligence.<span class=\"_ _b\"/> The GBA<span class=\"_ _5\"/> Intelligenc<span class=\"_ _5\"/>e was cr<span class=\"_ _5\"/>eat<span class=\"_ _5\"/>ed in October 20<span class=\"_ _5\"/>22 and combines Ar<span class=\"_ _5\"/>cadis Gen,<span class=\"_ _b\"/> Intel<span class=\"_ _5\"/>ligence business of<span class=\"_ _5\"/> IBI Group and other<span class=\"_ _5\"/> digital activities coming fr<span class=\"_ _5\"/>om Arca<span class=\"_ _5\"/>dis.<span class=\"_ _5\"/> IBI acquisitionOn 27 Sep<span class=\"_ _5\"/>tember<span class=\"_ _5\"/> 2022,<span class=\"_ _0\"/> Arcadis c<span class=\"_ _5\"/>ompleted <span class=\"_ _5\"/>the acquisition o<span class=\"_ _5\"/>f al<span class=\"_ _5\"/>l issued and outstanding shares o<span class=\"_ _5\"/>f IBI Group.<span class=\"_ _b\"/> IBI Group is a T<span class=\"_ _0\"/>oront<span class=\"_ _5\"/>o based company<span class=\"_ _5\"/> and was list<span class=\"_ _5\"/>ed on the T<span class=\"_ _0\"/>oront<span class=\"_ _5\"/>o St<span class=\"_ _5\"/>ock Exchange<span class=\"_ _5\"/>.<span class=\"_ _5\"/> IBI Group is a t<span class=\"_ _b\"/>echnology-driven design firm tha<span class=\"_ _b\"/>t will str<span class=\"_ _5\"/>engthen Arcadis<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> digital leadership,<span class=\"_ _0\"/> complement its position in North America and drive global gr<span class=\"_ _5\"/>owth of its c<span class=\"_ _5\"/>ombined solutions.<span class=\"_ _b\"/> This will a<span class=\"_ _5\"/>llow<span class=\"_ _5\"/> the crea<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> a new gl<span class=\"_ _5\"/>obal leader<span class=\"_ _5\"/> f<span class=\"_ _5\"/>or planning,<span class=\"_ _b\"/> designing and building the resilien<span class=\"_ _5\"/>t cities of<span class=\"_ _5\"/> t<span class=\"_ _5\"/>omorrow<span class=\"_ _b\"/>.<span class=\"_ _b\"/> IBI Group employs more than 3,500 employees <span class=\"_ _5\"/>within more than 60 offices around <span class=\"_ _5\"/>the world.<span class=\"_ _b\"/> IBI Group activities ha<span class=\"_ _5\"/>ve been all<span class=\"_ _5\"/>ocat<span class=\"_ _5\"/>ed to <span class=\"_ _5\"/>the f<span class=\"_ _5\"/>our GBAs of <span class=\"_ _5\"/>the Group.DPS acquisitionOn 1 December 2<span class=\"_ _5\"/>022,<span class=\"_ _b\"/> Arca<span class=\"_ _5\"/>dis complet<span class=\"_ _5\"/>ed the ac<span class=\"_ _5\"/>quisition of a<span class=\"_ _5\"/>ll issued shares o<span class=\"_ _5\"/>f DPS Group<span class=\"_ _5\"/>,<span class=\"_ _5\"/> an Irish based leading c<span class=\"_ _5\"/>onsultancy<span class=\"_ _b\"/>,<span class=\"_ _b\"/> engineering and construction management c<span class=\"_ _5\"/>ompany <span class=\"_ _5\"/>for Lif<span class=\"_ _5\"/>e Sciences and Semiconductor<span class=\"_ _5\"/> facilities.<span class=\"_ _0\"/> DPS has a strong presence in North America and Eur<span class=\"_ _5\"/>ope,<span class=\"_ _b\"/> and long-standing client rela<span class=\"_ _5\"/>tionships with the <span class=\"_ _5\"/>world\u2019s lar<span class=\"_ _5\"/>gest pharmac<span class=\"_ _5\"/>eutical and semiconductor<span class=\"_ _5\"/> manufacturing companies.<span class=\"_ _b\"/> This acquisition <span class=\"_ _5\"/>will crea<span class=\"_ _5\"/>te a ful<span class=\"_ _5\"/>l-service advisory <span class=\"_ _5\"/>for high-<span class=\"_ _5\"/>tech industria<span class=\"_ _5\"/>l manufacturing clients,<span class=\"_ _b\"/> combining DPS Group and Ar<span class=\"_ _5\"/>cadis\u2019<span class=\"_ _b\"/> complemen<span class=\"_ _5\"/>tar<span class=\"_ _6\"/>y service off<span class=\"_ _5\"/>erings.<span class=\"_ _5\"/> DPS Group is opera<span class=\"_ _5\"/>ting with 2,850 highl<span class=\"_ _b\"/>y skilled emplo<span class=\"_ _5\"/>yees in the U<span class=\"_ _5\"/>.S.<span class=\"_ _b\"/> and Europe.<span class=\"_ _b\"/> DPS will become part o<span class=\"_ _5\"/>f Arcadis<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> Places GBA<span class=\"_ _6\"/>.<span class=\"_ _5\"/> Bridge Loan F<span class=\"_ _5\"/>acility Arcadis NV<span class=\"_ _5\"/> applied for<span class=\"_ _5\"/> and receiv<span class=\"_ _5\"/>ed a bridge loan fa<span class=\"_ _5\"/>cility of<span class=\"_ _5\"/> EUR 750 million <span class=\"_ _5\"/>to a<span class=\"_ _5\"/>cquire both IBI Gr<span class=\"_ _5\"/>oup and DPS Group.<span class=\"_ _0\"/> The first <span class=\"_ _5\"/>tranche of<span class=\"_ _5\"/> EUR 60<span class=\"_ _6\"/>0 million was rec<span class=\"_ _5\"/>eived in Q3 2022 <span class=\"_ _5\"/>for<span class=\"_ _5\"/> acquisition o<span class=\"_ _5\"/>f IBI Group,<span class=\"_ _0\"/> second tranche o<span class=\"_ _5\"/>f EUR 1<span class=\"_ _5\"/>50 million in November<span class=\"_ _5\"/> 2022 <span class=\"_ _5\"/>for a<span class=\"_ _5\"/>cquisition of<span class=\"_ _5\"/> DPS.<span class=\"_ _b\"/> The bridge loan has a t<span class=\"_ _5\"/>erm of<span class=\"_ _5\"/> 1 year (maturity<span class=\"_ _5\"/> in Sept<span class=\"_ _5\"/>ember 2023<span class=\"_ _b\"/>) of <span class=\"_ _5\"/>which Arcadis NV<span class=\"_ _5\"/> has the irrev<span class=\"_ _5\"/>ocable right<span class=\"_ _5\"/> to e<span class=\"_ _5\"/>xtend twic<span class=\"_ _5\"/>e by six<span class=\"_ _5\"/> months.<span class=\"_ _5\"/> The pricing is based on EURIBOR,<span class=\"_ _b\"/> with a margin tha<span class=\"_ _5\"/>t increases e<span class=\"_ _5\"/>very 3 months.5 <span class=\"_ _10e\"> </span>Segment r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>tingAn operating segmen<span class=\"_ _5\"/>t is a component<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the Company <span class=\"_ _5\"/>that enga<span class=\"_ _5\"/>ges in business activities that<span class=\"_ _5\"/> can result<span class=\"_ _5\"/> in revenue and expenses,<span class=\"_ _b\"/> including revenues and e<span class=\"_ _5\"/>xpenses relat<span class=\"_ _5\"/>ed to <span class=\"_ _5\"/>transactions with other<span class=\"_ _5\"/> components o<span class=\"_ _5\"/>f the same Compan<span class=\"_ _5\"/>y<span class=\"_ _5\"/>.The operating segmen<span class=\"_ _5\"/>t reporting fol<span class=\"_ _5\"/>lows <span class=\"_ _5\"/>the internal r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting used by <span class=\"_ _5\"/>the Executive Board o<span class=\"_ _5\"/>f the C<span class=\"_ _5\"/>ompany<span class=\"_ _b\"/>, <span class=\"_ _5\"/>to manage the business,<span class=\"_ _b\"/> assess the performance based on <span class=\"_ _5\"/>the available <span class=\"_ _5\"/>financial informa<span class=\"_ _5\"/>tion and to a<span class=\"_ _5\"/>llocat<span class=\"_ _5\"/>e the resources.<span class=\"_ _0\"/> Inter<span class=\"_ _5\"/>-segment pricing is det<span class=\"_ _5\"/>ermined on an arm\u2019<span class=\"_ _5\"/>s length basis.<span class=\"_ _b\"/> Segment resul<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> assets and liabilities include it<span class=\"_ _5\"/>ems directly<span class=\"_ _5\"/> attributable <span class=\"_ _5\"/>to a segment<span class=\"_ _5\"/> as well as <span class=\"_ _5\"/>those that<span class=\"_ _5\"/> can be alloca<span class=\"_ _5\"/>ted on a reasonable basis.Reportable segmentsThe opera<span class=\"_ _5\"/>ting segment reporting f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s the int<span class=\"_ _5\"/>ernal reporting used by <span class=\"_ _5\"/>the <span class=\"_ _b\"/>\u201cChief Opera<span class=\"_ _5\"/>ting Decision Maker\u201d<span class=\"_ _5\"/> (\u201cCODM\u201d<span class=\"_ _3\"/>,<span class=\"_ _b\"/> being the Executive L<span class=\"_ _5\"/>eadership T<span class=\"_ _0\"/>eam of <span class=\"_ _5\"/>the Group),<span class=\"_ _b\"/> to mana<span class=\"_ _5\"/>ge the business,<span class=\"_ _b\"/> assess the performance based on the a<span class=\"_ _b\"/>vailable financial inf<span class=\"_ _5\"/>ormation and <span class=\"_ _5\"/>to al<span class=\"_ _5\"/>locat<span class=\"_ _5\"/>e resourc<span class=\"_ _5\"/>es.<span class=\"_ _5\"/> The most<span class=\"_ _5\"/> important performance measures ar<span class=\"_ _5\"/>e EBIT<span class=\"_ _b\"/>A (earnings bef<span class=\"_ _5\"/>ore int<span class=\"_ _5\"/>erest,<span class=\"_ _b\"/> tax,<span class=\"_ _5\"/> amortization of<span class=\"_ _5\"/> identifiable intangible asse<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> and impairment char<span class=\"_ _5\"/>ges) and operating EBIT<span class=\"_ _0\"/>A<span class=\"_ _6\"/>,<span class=\"_ _b\"/> as management believ<span class=\"_ _5\"/>es this is ke<span class=\"_ _5\"/>y in ev<span class=\"_ _5\"/>alua<span class=\"_ _5\"/>ting the resul<span class=\"_ _5\"/>ts of the segments rela<span class=\"_ _5\"/>tive t<span class=\"_ _5\"/>o other<span class=\"_ _5\"/> companies tha<span class=\"_ _5\"/>t opera<span class=\"_ _5\"/>te <span class=\"_ _5\"/>within the same industry<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Howev<span class=\"_ _5\"/>er<span class=\"_ _0\"/>,<span class=\"_ _5\"/> the <span class=\"_ _b\"/>\u201cCODM\u201d<span class=\"_ _b\"/> also receiv<span class=\"_ _5\"/>es informa<span class=\"_ _5\"/>tion about the segmen<span class=\"_ _5\"/>ts\u2019<span class=\"_ _b\"/> net re<span class=\"_ _5\"/>venue.<span class=\"_ _b\"/> Finance expenses,<span class=\"_ _0\"/> finance income,<span class=\"_ _b\"/> and fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue change of<span class=\"_ _5\"/> derivativ<span class=\"_ _5\"/>es are not<span class=\"_ _5\"/> alloca<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to individual segments as the underl<span class=\"_ _b\"/>ying instruments are managed on a gr<span class=\"_ _5\"/>oup basis.<span class=\"_ _b\"/> Current tax<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> deferred <span class=\"_ _5\"/>taxes and certain financial assets and liabilities are no<span class=\"_ _b\"/>t alloca<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to those segmen<span class=\"_ _5\"/>ts as they<span class=\"_ _5\"/> are also managed on a group basis.<span class=\"_ _b\"/> The amount o<span class=\"_ _b\"/>f segment assets and liabilities is no l<span class=\"_ _5\"/>onger disclosed.<span class=\"_ _b\"/> Segment asse<span class=\"_ _5\"/>ts and liabilities are not included in the measur<span class=\"_ _5\"/>es used for<span class=\"_ _5\"/> all<span class=\"_ _5\"/>ocating resour<span class=\"_ _5\"/>ces and assessing segment performanc<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The Group discloses the goodwil<span class=\"_ _5\"/>l by segment<span class=\"_ _5\"/> (see not<span class=\"_ _5\"/>e 1<span class=\"_ _5\"/>4) <span class=\"_ _5\"/>which corresponds t<span class=\"_ _5\"/>o the Groups o<span class=\"_ _5\"/>f CGUs <span class=\"_ _5\"/>for impairmen<span class=\"_ _5\"/>t tes<span class=\"_ _5\"/>ting purpose.<span class=\"_ _b\"/> Hereafter<span class=\"_ _0\"/>,<span class=\"_ _b\"/> the Groups o<span class=\"_ _5\"/>f CGU\u2019s <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the purpose of<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>ting for<span class=\"_ _5\"/> impairment o<span class=\"_ _5\"/>f goodwill,<span class=\"_ _b\"/> defined at<span class=\"_ _5\"/> the lev<span class=\"_ _5\"/>el of<span class=\"_ _5\"/> the opera<span class=\"_ _5\"/>ting segments are re<span class=\"_ _5\"/>ferred <span class=\"_ _5\"/>to as the CGU or<span class=\"_ _5\"/> the CGU\u2019s (in case o<span class=\"_ _b\"/>f multipl<span class=\"_ _5\"/>e groups of CGU\u2019s).Theref<span class=\"_ _5\"/>ore the in<span class=\"_ _5\"/>forma<span class=\"_ _5\"/>tion used by <span class=\"_ _5\"/>the  <span class=\"_ _5\"/>\u201cCODM\u201d<span class=\"_ _b\"/>  t<span class=\"_ _5\"/>o monitor pr<span class=\"_ _5\"/>ogress,<span class=\"_ _b\"/> and for<span class=\"_ _5\"/> decision-making about opera<span class=\"_ _5\"/>tional matt<span class=\"_ _5\"/>ers is based on the f<span class=\"_ _b\"/>our GBAs and is no longer based on the geographic basis o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the opera<span class=\"_ _5\"/>ting companies or the specific na<span class=\"_ _5\"/>ture of<span class=\"_ _5\"/> the services (for<span class=\"_ _5\"/> CallisonR<span class=\"_ _5\"/>TKL<span class=\"_ _6\"/>).The opera<span class=\"_ _5\"/>ting segments are aligned <span class=\"_ _5\"/>with the new<span class=\"_ _5\"/> operating model o<span class=\"_ _5\"/>f the Gr<span class=\"_ _5\"/>oup,<span class=\"_ _b\"/> effective fr<span class=\"_ _5\"/>om the 1 <span class=\"_ _5\"/>Januar<span class=\"_ _6\"/>y 2022<span class=\"_ _5\"/>,<span class=\"_ _5\"/> as the C<span class=\"_ _5\"/>ompany<span class=\"_ _b\"/>,<span class=\"_ _5\"/> has full<span class=\"_ _b\"/>y organized itsel<span class=\"_ _5\"/>f int<span class=\"_ _5\"/>o three Gl<span class=\"_ _5\"/>obal Business Areas (see pa<span class=\"_ _5\"/>ge 24 <span class=\"_ _5\"/>f<span class=\"ls15e ws4f\">or a<span class=\"_ _6\"/> </span>description o<span class=\"_ _5\"/>f the a<span class=\"_ _5\"/>ctivities of ea<span class=\"_ _5\"/>ch of <span class=\"_ _5\"/>those GBAs).<span class=\"_ _5\"/> In October 20<span class=\"_ _5\"/>22 a f<span class=\"_ _5\"/>our<span class=\"_ _6\"/>th GBA has been crea<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>owing the acquisition o<span class=\"_ _5\"/>f IBI Group<span class=\"_ _5\"/>,<span class=\"_ _b\"/> this led the Group <span class=\"_ _5\"/>to cr<span class=\"_ _5\"/>eat<span class=\"_ _5\"/>e the GBA <span class=\"_ _b\"/>\u201cInt<span class=\"_ _5\"/>elligence<span class=\"_ _5\"/>\u201d<span class=\"_ _0\"/>,<span class=\"_ _b\"/> after ana<span class=\"_ _5\"/>ly<span class=\"_ _5\"/>sis,<span class=\"_ _5\"/> the Group concluded <span class=\"_ _5\"/>that <span class=\"_ _5\"/>this GBA cons<span class=\"_ _5\"/>tituted an opera<span class=\"_ _5\"/>ting segment as <span class=\"_ _5\"/>for<span class=\"_ _5\"/> the three o<span class=\"_ _b\"/>ther ones.<span class=\"_ _5\"/> The opera<span class=\"_ _b\"/>ting<span class=\"_ _6\"/> segments are equa<span class=\"_ _5\"/>l to <span class=\"_ _5\"/>the reportable segment and a<span class=\"_ _5\"/>ccordingl<span class=\"_ _b\"/>y there is no aggr<span class=\"_ _5\"/>egation applied.Accor<span class=\"_ _5\"/>dingly<span class=\"_ _0\"/>,<span class=\"_ _5\"/> in accor<span class=\"_ _5\"/>dance with IFRS 8,<span class=\"_ _b\"/> the Company<span class=\"_ _5\"/> has the f<span class=\"_ _5\"/>ollo<span class=\"_ _5\"/>wing reportable segments as at<span class=\"_ _5\"/> 31 December 2<span class=\"_ _5\"/>022 (that<span class=\"_ _5\"/> replac<span class=\"_ _5\"/>es the previous r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>table segments (Americas,<span class=\"_ _b\"/> EME<span class=\"_ _6\"/>,<span class=\"_ _b\"/> AP<span class=\"_ _b\"/>AC,<span class=\"_ _5\"/> CallisonR<span class=\"_ _5\"/>TKL):Operating segmen<span class=\"_ _5\"/>t<span class=\"_ _1b2\"> </span>Reportable segmentPlaces<span class=\"_ _a3\"> </span>PlacesMobility<span class=\"_ _166\"> </span>MobilityResilience<span class=\"_ _81\"> </span>ResilienceIntel<span class=\"_ _5\"/>ligence<span class=\"_ _167\"> </span>Int<span class=\"_ _5\"/>elligenceGeographical in<span class=\"_ _5\"/>forma<span class=\"_ _5\"/>tionGeographical in<span class=\"_ _5\"/>forma<span class=\"_ _5\"/>tion differs from <span class=\"_ _5\"/>the segment in<span class=\"_ _5\"/>forma<span class=\"_ _5\"/>tion due to <span class=\"_ _5\"/>the change in operating model effective 1 <span class=\"_ _b\"/>Januar<span class=\"_ _6\"/>y 2022<span class=\"_ _5\"/>.Net r<span class=\"_ _5\"/>evenues <span class=\"_ _9\"/><span class=\"ls3\"> </span>Non-current by originoperating asse<span class=\"_ _5\"/>tsIn \u20ac millions<span class=\"_ _1b3\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _dd\"> </span></span>2021<span class=\"_ _63\"> </span><span class=\"ff1 fc1 ls10d ws12b\">2<span class=\"_ _6\"/>022<span class=\"_ _dd\"> </span></span>2021Americas<span class=\"_ _195\"> </span>1,<span class=\"_ _6\"/>27<span class=\"_ _6\"/>2<span class=\"_ _ae\"> </span> 9<span class=\"_ _6\"/>75 <span class=\"_ _d9\"> </span><span class=\"lsf9 ws115\">212<span class=\"_ _cd\"> </span><span class=\"lsec ws108\">10<span class=\"_ _6\"/>4</span></span>Europe &amp; Middle East<span class=\"_ _151\"> </span><span class=\"lsef ws10b\">1,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>5<span class=\"_ _6\"/>0<span class=\"_ _cb\"> </span></span> 1<span class=\"_ _5\"/>,225 <span class=\"_ _aa\"> </span><span class=\"ls102 ws11a\"> 19<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _ba\"> </span><span class=\"lsfc ws118\">18<span class=\"_ _6\"/>2</span></span>Asia Pacific<span class=\"_ _17a\"> </span> 396<span class=\"_ _b0\"> </span> 365<span class=\"_ _6\"/> <span class=\"_ _c3\"> </span><span class=\"ls128 ws148\">52 <span class=\"_ _63\"> </span><span class=\"ls12d ws14f\">61</span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1b4\"> </span> 3,<span class=\"_ _6\"/>019<span class=\"_ _6\"/> <span class=\"_ _13c\"> </span> 2<span class=\"_ _6\"/>,565<span class=\"_ _6\"/> <span class=\"_ _174\"> </span><span class=\"ls13e ws168\">456<span class=\"_ _cd\"> </span><span class=\"lsf0 ws10c\">347</span></span>Non-current oper<span class=\"_ _5\"/>ating assets c<span class=\"_ _5\"/>onsist o<span class=\"_ _5\"/>f property<span class=\"_ _b\"/>,<span class=\"_ _5\"/> plant and equipment,<span class=\"_ _0\"/> right-of-use asse<span class=\"_ _5\"/>ts,<span class=\"_ _b\"/> and intangible assets (ex<span class=\"_ _5\"/>cluding Goodwill).Gross re<span class=\"_ _5\"/>venues genera<span class=\"_ _5\"/>ted in the Ne<span class=\"_ _5\"/>therlands amounted <span class=\"_ _5\"/>to \u20ac34<span class=\"_ _5\"/>2 million in 2022 (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac299 million),<span class=\"_ _b\"/> Net rev<span class=\"_ _5\"/>enues to \u20ac2<span class=\"_ _5\"/>66 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac244 million).<span class=\"_ _b\"/> T<span class=\"_ _0\"/>otal assets in <span class=\"_ _5\"/>the Netherlands,<span class=\"_ _b\"/> including int<span class=\"_ _5\"/>ercompany<span class=\"_ _5\"/> assets of<span class=\"_ _5\"/> Arcadis NV<span class=\"_ _5\"/> and its Dutch hol<span class=\"_ _5\"/>dings companies,<span class=\"_ _b\"/> amounted t<span class=\"_ _b\"/>o \u20ac2,770 million (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac1,958 million).Major cust<span class=\"_ _5\"/>omersThe Company<span class=\"_ _5\"/> has no customers <span class=\"_ _5\"/>that<span class=\"_ _5\"/> accoun<span class=\"_ _5\"/>t f<span class=\"_ _5\"/>or more <span class=\"_ _5\"/>than 10% of<span class=\"_ _5\"/> to<span class=\"_ _b\"/>tal annual revenues.Corpora<span class=\"_ _5\"/>te and In \u20ac millions unless o<span class=\"_ _5\"/>ther<span class=\"_ _6\"/>wise stat<span class=\"_ _5\"/>ed<span class=\"_ _1b3\"> </span><span class=\"fs7b fc1 ls3\">Resilience<span class=\"_ _163\"> </span>Plac<span class=\"_ _5\"/>es<span class=\"_ _133\"> </span>Mobility<span class=\"_ _29\"> </span>Intelligence<span class=\"_ _df\"> </span>T<span class=\"_ _b\"/>otal segments</span>unalloca<span class=\"_ _5\"/>ted amounts<span class=\"_ _13a\"> </span>T<span class=\"_ _b\"/>otal consolida<span class=\"_ _5\"/>ted2022 Gross rev<span class=\"_ _5\"/>enue<span class=\"_ _1b5\"> </span> 1,793.1 <span class=\"_ _83\"> </span> 1,31<span class=\"_ _5\"/>5.1 <span class=\"_ _160\"> </span> 8<span class=\"_ _6\"/>94<span class=\"_ _6\"/>.5 <span class=\"_ _188\"> </span> 26<span class=\"_ _6\"/>.2 <span class=\"_ _109\"> </span> 4,028<span class=\"_ _6\"/>.9 <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1b7\"> </span></span> 4,02<span class=\"_ _6\"/>8.9 Mat<span class=\"_ _5\"/>erials,<span class=\"_ _b\"/> ser<span class=\"_ _6\"/>vices of <span class=\"_ _5\"/>third parties and subcontractors<span class=\"_ _6d\"> </span> (554<span class=\"_ _6\"/>.6) <span class=\"_ _52\"> </span> (298<span class=\"_ _6\"/>.3) <span class=\"_ _53\"> </span> (1<span class=\"_ _5\"/>51<span class=\"_ _5\"/>.9) <span class=\"_ _176\"> </span> (5.5) <span class=\"_ _19a\"> </span> (1,01<span class=\"_ _5\"/>0.3 )<span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _58\"> </span></span> (1,010.3) 1Net r<span class=\"_ _5\"/>evenues 1,238.5 <span class=\"_ _80\"> </span> 1,01<span class=\"_ _5\"/>6.8 <span class=\"_ _163\"> </span> 7<span class=\"_ _b\"/>42.6 <span class=\"_ _20\"> </span> 20.7 <span class=\"_ _83\"> </span> 3,018.6 <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _102\"> </span></span> 3,018.6 Operating c<span class=\"_ _5\"/>osts<span class=\"_ _1b8\"> </span> (1,07<span class=\"_ _b\"/>4.7) <span class=\"_ _58\"> </span> (9<span class=\"_ _6\"/>09.5) <span class=\"_ _52\"> </span> (66<span class=\"_ _6\"/>6.2) <span class=\"_ _79\"> </span> (17<span class=\"_ _0\"/>.4) <span class=\"_ _19a\"> </span> (2,667<span class=\"_ _5\"/>.8 )<span class=\"_ _163\"> </span> (23.7) <span class=\"_ _4c\"> </span> (2,691.5 Other income<span class=\"_ _191\"> </span> 1.9 <span class=\"_ _1b9\"> </span> 7<span class=\"_ _b\"/>.2 <span class=\"_ _4a\"> </span> 0.6 <span class=\"_ _4a\"> </span> 0.2 <span class=\"_ _4a\"> </span> 9.9 <span class=\"_ _1b9\"> </span> 1.4 <span class=\"_ _64\"> </span> 11<span class=\"_ _5\"/>.3 Depreciation and amortization<span class=\"_ _18e\"> </span>( 42.5) <span class=\"_ _157\"> </span> (3<span class=\"_ _6\"/>4.3) <span class=\"_ _160\"> </span> (25.0) <span class=\"_ _176\"> </span> (1.7) <span class=\"_ _52\"> </span> (103.5) <span class=\"_ _188\"> </span> (2.3) <span class=\"_ _58\"> </span> (105.8) 1EBIT<span class=\"_ _b\"/>A 123.5 <span class=\"_ _176\"> </span> 8<span class=\"_ _6\"/>0.2 <span class=\"_ _20\"> </span> 52.0 <span class=\"_ _4a\"> </span> 1.7 <span class=\"_ _79\"> </span> 257<span class=\"_ _5\"/>.4 <span class=\"_ _163\"> </span> (24<span class=\"_ _6\"/>.6) <span class=\"_ _159\"> </span> 232<span class=\"_ _6\"/>.8 Amortization other<span class=\"_ _5\"/> intangible assets<span class=\"_ _1ba\"> </span> (6.2) <span class=\"_ _176\"> </span> (5<span class=\"_ _6\"/>.1) <span class=\"_ _13d\"> </span> (3.7) <span class=\"_ _188\"> </span> (0.1) <span class=\"_ _ff\"> </span> (15.1 )<span class=\"_ _2e\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bb\"> </span></span> (15.1<span class=\"_ _b\"/>) Goodwill impairment<span class=\"_ _5\"/> charges<span class=\"_ _1bc\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   </span>Operating inc<span class=\"_ _5\"/>ome<span class=\"_ _1be\"> </span> 1<span class=\"_ _5\"/>1<span class=\"_ _5\"/>7<span class=\"_ _5\"/>.3 <span class=\"_ _20\"> </span> 75.1 <span class=\"_ _188\"> </span> 48<span class=\"_ _6\"/>.3 <span class=\"_ _4a\"> </span> 1.6 <span class=\"_ _15b\"> </span> 242.3 <span class=\"_ _16a\"> </span>(24<span class=\"_ _6\"/>.6) <span class=\"_ _66\"> </span> 21<span class=\"_ _5\"/>7<span class=\"_ _5\"/>.7 1Operating EBIT<span class=\"_ _0\"/>A 13<span class=\"_ _5\"/>3.8 <span class=\"_ _20\"> </span> 92.9 <span class=\"_ _20\"> </span> 72.3 <span class=\"_ _4a\"> </span> 1.9 <span class=\"_ _160\"> </span> 30<span class=\"_ _6\"/>0<span class=\"_ _6\"/>.9 <span class=\"_ _9d\"> </span> (6<span class=\"_ _6\"/>.2) <span class=\"_ _8b\"> </span> 29<span class=\"_ _6\"/>4.7 2 T<span class=\"_ _b\"/>otal capital expenditur<span class=\"_ _5\"/>e16<span class=\"_ _6\"/>.0<span class=\"_ _2d\"> </span>13<span class=\"_ _6\"/>.<span class=\"_ _6\"/>2<span class=\"_ _1bf\"> </span><span class=\"ls3 ws1\"> 9.6 <span class=\"_ _4a\"> </span> 0.3 <span class=\"_ _9a\"> </span>39.1<span class=\"_ _1bf\"> </span> 1.0 <span class=\"_ _9d\"> </span>4<span class=\"_ _6\"/>0.1</span>Corpora<span class=\"_ _5\"/>te and 3gIn \u20ac millions unless o<span class=\"_ _5\"/>ther<span class=\"_ _6\"/>wise stat<span class=\"_ _5\"/>ed<span class=\"_ _1b3\"> </span>T<span class=\"_ _b\"/>otal segmentsunalloca<span class=\"_ _5\"/>ted amounts<span class=\"_ _13a\"> </span>T<span class=\"_ _b\"/>otal consolida<span class=\"_ _5\"/>ted20<span class=\"_ _6\"/>21<span class=\"_ _6\"/> Gross rev<span class=\"_ _5\"/>enue<span class=\"_ _1c0\"> </span>1,561<span class=\"_ _5\"/>.6<span class=\"_ _8b\"> </span>1,069.6<span class=\"_ _64\"> </span>7<span class=\"_ _6\"/>4<span class=\"_ _6\"/>7.<span class=\"_ _7\"/>3<span class=\"_ _1c1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span></span>3,378.5 <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span></span>3,378.5Mat<span class=\"_ _5\"/>erials,<span class=\"_ _b\"/> ser<span class=\"_ _6\"/>vices of <span class=\"_ _5\"/>third parties and subcontractors<span class=\"_ _1c2\"> </span>(521<span class=\"_ _5\"/>.0) <span class=\"_ _159\"> </span><span class=\"ls9d wsac\">(190.7)<span class=\"_ _15b\"> </span>(102.3)<span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _13d\"> </span></span>(813.9)<span class=\"_ _2e\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _13d\"> </span></span>(81<span class=\"_ _5\"/>3.9)</span>1Net r<span class=\"_ _5\"/>evenues1,040<span class=\"_ _6\"/>.6<span class=\"_ _188\"> </span>878<span class=\"_ _6\"/>.<span class=\"_ _6\"/>9<span class=\"_ _188\"> </span>6<span class=\"_ _6\"/>45.0<span class=\"_ _1c1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _157\"> </span><span class=\"ls9d wsac\">2,56<span class=\"_ _6\"/>4<span class=\"_ _6\"/>.6<span class=\"_ _6f\"> </span></span> <span class=\"_ _c\"> </span>-   <span class=\"_ _157\"> </span><span class=\"ls9d wsac\">2,564<span class=\"_ _6\"/>.6</span></span>Operating c<span class=\"_ _5\"/>osts<span class=\"_ _1c3\"> </span>(893.7)<span class=\"_ _160\"> </span><span class=\"ls9d wsac\">(782.5)<span class=\"_ _79\"> </span>(557<span class=\"_ _0\"/>.3)<span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _102\"> </span></span>(2,233.4)<span class=\"_ _a1\"> </span><span class=\"ls3 ws1\">(4.5)<span class=\"_ _83\"> </span></span>(2,237<span class=\"_ _b\"/>.9)</span>Other income<span class=\"_ _1c4\"> </span>4.2<span class=\"_ _97\"> </span>3.5<span class=\"_ _97\"> </span>2.6<span class=\"_ _6f\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _1c5\"> </span><span class=\"lsec ws108\">10.<span class=\"_ _6\"/>3<span class=\"_ _97\"> </span></span>0.9<span class=\"_ _4a\"> </span><span class=\"ls10e ws104\">11<span class=\"_ _6\"/>.<span class=\"_ _7\"/>2</span>Depreciation and amortization<span class=\"_ _1c6\"> </span>(39.6)<span class=\"_ _176\"> </span><span class=\"ls9d wsac\">(33.4)<span class=\"_ _176\"> </span>(24.5)<span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _3e\"> </span></span>(97<span class=\"_ _b\"/>.6)<span class=\"_ _a1\"> </span><span class=\"ls3 ws1\">(3.0)<span class=\"_ _157\"> </span></span>(10<span class=\"_ _6\"/>0.6)</span>1EBIT<span class=\"_ _b\"/>A111<span class=\"_ _6\"/>.<span class=\"_ _6\"/>6<span class=\"_ _3e\"> </span><span class=\"ls3 ws1\">6<span class=\"_ _6\"/>6<span class=\"_ _6\"/>.6<span class=\"_ _a1\"> </span><span class=\"ls152 ws191\">65.8<span class=\"_ _6f\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _64\"> </span></span></span>243<span class=\"_ _6\"/>.9 <span class=\"_ _42\"> </span>(6<span class=\"_ _6\"/>.6)<span class=\"_ _158\"> </span><span class=\"ls15f ws190\">2<span class=\"_ _7\"/>3<span class=\"_ _6\"/>7.<span class=\"_ _6\"/>4</span></span>Amortization other<span class=\"_ _5\"/> intangible assets<span class=\"_ _1c7\"> </span>(4.6)<span class=\"_ _3e\"> </span><span class=\"ls9d wsac\">(3.9)<span class=\"_ _a1\"> </span></span>(2.9)<span class=\"_ _2e\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _a1\"> </span>1(1<span class=\"_ _5\"/>.4)<span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _a1\"> </span><span class=\"ls3 ws1\">(1<span class=\"_ _5\"/>1.4<span class=\"_ _5\"/>)</span></span>Goodwill impairment<span class=\"_ _5\"/> charges<span class=\"_ _1c8\"> </span>-<span class=\"_ _1c9\"> </span>-<span class=\"_ _1c9\"> </span>-<span class=\"_ _5c\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _14d\"> </span></span>-<span class=\"_ _5c\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _14d\"> </span></span>-Operating inc<span class=\"_ _5\"/>ome<span class=\"_ _1be\"> </span><span class=\"lsb8 ws13a\">10<span class=\"_ _6\"/>6<span class=\"_ _6\"/>.9<span class=\"_ _3e\"> </span></span>62<span class=\"_ _6\"/>.7<span class=\"_ _a1\"> </span>62<span class=\"_ _6\"/>.9<span class=\"_ _6f\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _20\"> </span><span class=\"ls15c ws189\">2<span class=\"_ _6\"/>32<span class=\"_ _6\"/>.5<span class=\"_ _1b9\"> </span></span>(6.6)<span class=\"_ _156\"> </span><span class=\"ls160 ws184\">225.9</span>1Operating EBIT<span class=\"_ _0\"/>A113<span class=\"_ _7\"/>.<span class=\"_ _6\"/>1<span class=\"_ _2d\"> </span><span class=\"ls3 ws1\">73.8<span class=\"_ _3e\"> </span><span class=\"ls152 ws191\">65.3<span class=\"_ _6f\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _64\"> </span><span class=\"lsb7 ws14a\">252<span class=\"_ _6\"/>.2<span class=\"_ _1b9\"> </span></span></span></span>(5.8)<span class=\"_ _163\"> </span><span class=\"lsf3 ws10f\">24<span class=\"_ _6\"/>6<span class=\"_ _6\"/>.4</span></span>2 T<span class=\"_ _b\"/>otal capital expenditur<span class=\"_ _5\"/>e <span class=\"_ _1ca\"> </span>14<span class=\"_ _6\"/>.<span class=\"_ _6\"/>1<span class=\"_ _4a\"> </span><span class=\"lsf8 ws114\">11<span class=\"_ _6\"/>.<span class=\"_ _6\"/>9<span class=\"_ _97\"> </span></span>8.7<span class=\"_ _6f\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _4a\"> </span></span>34<span class=\"_ _6\"/>.8<span class=\"_ _6f\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1b9\"> </span></span>34.81 Non-GAAP performance measure.<span class=\"_ _b\"/> Reference is ma<span class=\"_ _5\"/>de to the Glossary Non-Financia<span class=\"_ _5\"/>l and Financial indicators on page 2<span class=\"_ _5\"/>86 for the definition as used by<span class=\"_ _5\"/> Arcadis.2 Amount o<span class=\"_ _5\"/>f investments in (in)tangibl<span class=\"_ _5\"/>e assets.3 Intel<span class=\"_ _5\"/>ligence segment inf<span class=\"_ _5\"/>ormation for<span class=\"_ _5\"/> 2021 consists o<span class=\"_ _5\"/>f Arcadis GEN,<span class=\"_ _b\"/> which is not significant (Arca<span class=\"_ _5\"/>dis GEN net revenue o<span class=\"_ _5\"/>f \u20ac16 mil<span class=\"_ _5\"/>lion in 2021),<span class=\"_ _b\"/> therefor<span class=\"_ _5\"/>e no comparative da<span class=\"_ _5\"/>ta is presented.6 <span class=\"_ _10e\"> </span>Consolida<span class=\"_ _5\"/>ted in<span class=\"_ _5\"/>ter<span class=\"_ _5\"/>ests and business combina<span class=\"_ _b\"/>tionsSubsidiariesSubsidiaries are all c<span class=\"_ _5\"/>ompanies over <span class=\"_ _5\"/>which the Company<span class=\"_ _5\"/> has control.<span class=\"_ _b\"/> Control ov<span class=\"_ _5\"/>er an entity e<span class=\"_ _5\"/>xists when the C<span class=\"_ _5\"/>ompany is exposed t<span class=\"_ _5\"/>o,<span class=\"_ _b\"/> or has right <span class=\"_ _5\"/>to,<span class=\"_ _b\"/> variable r<span class=\"_ _5\"/>eturns from its inv<span class=\"_ _5\"/>olvemen<span class=\"_ _5\"/>t with the en<span class=\"_ _5\"/>tity and has the ability<span class=\"_ _5\"/> to aff<span class=\"_ _5\"/>ect those returns <span class=\"_ _5\"/>through its power o<span class=\"_ _5\"/>ver the en<span class=\"_ _5\"/>tity<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Subsidiaries are ful<span class=\"_ _5\"/>ly c<span class=\"_ _5\"/>onsolidated <span class=\"_ _5\"/>from the da<span class=\"_ _5\"/>te on which c<span class=\"_ _5\"/>ontrol commences until <span class=\"_ _5\"/>the dat<span class=\"_ _5\"/>e on which control c<span class=\"_ _5\"/>eases.Loss o<span class=\"_ _5\"/>f controlUpon the loss o<span class=\"_ _5\"/>f contr<span class=\"_ _5\"/>ol,<span class=\"_ _5\"/> the assets and liabilities,<span class=\"_ _b\"/> non-<span class=\"_ _6\"/>control<span class=\"_ _5\"/>ling interes<span class=\"_ _5\"/>ts and other c<span class=\"_ _5\"/>omponents of equity<span class=\"_ _5\"/> relat<span class=\"_ _5\"/>ed to the subsidiary are derecogniz<span class=\"_ _5\"/>ed.<span class=\"_ _5\"/> Any pr<span class=\"_ _5\"/>ofit or l<span class=\"_ _5\"/>oss arising on the loss o<span class=\"_ _5\"/>f control is r<span class=\"_ _5\"/>ecognized in pro<span class=\"_ _5\"/>fit or loss.<span class=\"_ _b\"/> If a non-controlling in<span class=\"_ _5\"/>terest<span class=\"_ _5\"/> in the subsidiary is retained,<span class=\"_ _b\"/> such inter<span class=\"_ _5\"/>est is measured a<span class=\"_ _5\"/>t fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue at <span class=\"_ _5\"/>the date c<span class=\"_ _5\"/>ontrol is lost.<span class=\"_ _b\"/> Subsequentl<span class=\"_ _5\"/>y<span class=\"_ _5\"/>,<span class=\"_ _5\"/> it is ac<span class=\"_ _5\"/>counted <span class=\"_ _5\"/>for as an equity<span class=\"_ _b\"/>-account<span class=\"_ _5\"/>ed invest<span class=\"_ _5\"/>ee or as an availabl<span class=\"_ _5\"/>e-for-sa<span class=\"_ _5\"/>le financial asset,<span class=\"_ _b\"/> depending on the le<span class=\"_ _5\"/>vel of in<span class=\"_ _5\"/>fluence retained.Business combinationsThe Company<span class=\"_ _5\"/> accounts <span class=\"_ _5\"/>for business c<span class=\"_ _5\"/>ombinations using the a<span class=\"_ _5\"/>cquisition method when <span class=\"_ _5\"/>the acquiredset o<span class=\"_ _5\"/>f activities and assets meets <span class=\"_ _5\"/>the definition of a business and c<span class=\"_ _5\"/>ontrol is tr<span class=\"_ _5\"/>ansferred <span class=\"_ _5\"/>to theCompany<span class=\"_ _b\"/>.<span class=\"_ _5\"/> In det<span class=\"_ _5\"/>ermining whether a particular set<span class=\"_ _5\"/> of a<span class=\"_ _5\"/>ctivities and assets is a business,the Company<span class=\"_ _5\"/> assesses whether <span class=\"_ _5\"/>the set o<span class=\"_ _5\"/>f assets and activities acquir<span class=\"_ _5\"/>ed includes,<span class=\"_ _b\"/> at a minimum,<span class=\"_ _b\"/> aninput and substan<span class=\"_ _5\"/>tive process and whe<span class=\"_ _5\"/>ther the ac<span class=\"_ _5\"/>quired set has <span class=\"_ _5\"/>the ability t<span class=\"_ _5\"/>o produce outputs.IFRS 3 establishes the <span class=\"_ _5\"/>follo<span class=\"_ _5\"/>wing principles in relation <span class=\"_ _5\"/>to the r<span class=\"_ _5\"/>ecognition and measurement<span class=\"_ _5\"/> of it<span class=\"_ _5\"/>ems arising in a business combination:\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">Recognition principle: Iden<span class=\"_ _5\"/>tifiable assets acquir<span class=\"_ _5\"/>ed,<span class=\"_ _5\"/> liabilities assumed,<span class=\"_ _b\"/> and non-<span class=\"_ _6\"/>controlling in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>ts in the acquiree </span>are rec<span class=\"_ _5\"/>ognized separat<span class=\"_ _5\"/>ely<span class=\"_ _5\"/> from goodwill.<span class=\"_ _b\"/> Acquired in<span class=\"_ _5\"/>tangible assets must be r<span class=\"_ _5\"/>ecognized and measured a<span class=\"_ _5\"/>t f<span class=\"_ _5\"/>air va<span class=\"_ _5\"/>lue in acc<span class=\"_ _5\"/>ordance with <span class=\"_ _5\"/>the principles if it is separ<span class=\"_ _5\"/>able or arises fr<span class=\"_ _5\"/>om other con<span class=\"_ _5\"/>tractual rights,<span class=\"_ _b\"/> irrespective of<span class=\"_ _5\"/> whether the acquir<span class=\"_ _5\"/>ee had recognized <span class=\"_ _5\"/>the asset prior <span class=\"_ _5\"/>to the business c<span class=\"_ _5\"/>ombination occurring.<span class=\"_ _b\"/> The Group does no<span class=\"_ _5\"/>t recogniz<span class=\"_ _5\"/>e contingen<span class=\"_ _5\"/>t assets acquir<span class=\"_ _5\"/>ed in a business combination.\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">Measurement principl<span class=\"_ _5\"/>e: All assets ac<span class=\"_ _5\"/>quired and liabilities assumed in a business combina<span class=\"_ _5\"/>tion are measured at<span class=\"_ _5\"/> </span>acquisition-dat<span class=\"_ _5\"/>e fair v<span class=\"_ _5\"/>alue.<span class=\"_ _b\"/> Goodwill at<span class=\"_ _5\"/> acquisition da<span class=\"_ _5\"/>te is measured as the <span class=\"_ _5\"/>fair <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f the consider<span class=\"_ _5\"/>ation trans<span class=\"_ _5\"/>ferred plus <span class=\"_ _5\"/>the recognized amoun<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> any non-control<span class=\"_ _5\"/>ling interes<span class=\"_ _5\"/>t in the ac<span class=\"_ _5\"/>quiree less the ne<span class=\"_ _5\"/>t recognized amoun<span class=\"_ _5\"/>t (fair <span class=\"_ _5\"/>value) o<span class=\"_ _5\"/>f the identifiable asse<span class=\"_ _5\"/>ts acquired and liabilities assumed.Lease liabilities o<span class=\"_ _5\"/>f acquired l<span class=\"_ _5\"/>eases are measured at<span class=\"_ _5\"/> the present<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue of <span class=\"_ _5\"/>the remaining lease paymen<span class=\"_ _5\"/>ts as if the ac<span class=\"_ _5\"/>quired lease w<span class=\"_ _5\"/>ere a new lease a<span class=\"_ _5\"/>t the a<span class=\"_ _5\"/>cquisition dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> Right-of-use asset<span class=\"_ _5\"/> is measured at<span class=\"_ _5\"/> the same amount as <span class=\"_ _5\"/>the lease liability<span class=\"_ _b\"/>, adjust<span class=\"_ _5\"/>ed to r<span class=\"_ _5\"/>eflect fa<span class=\"_ _5\"/>vourable or<span class=\"_ _5\"/> unfa<span class=\"_ _5\"/>vourable t<span class=\"_ _5\"/>erms of<span class=\"_ _5\"/> the lease when compar<span class=\"_ _5\"/>ed with marke<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>erms.<span class=\"_ _5\"/> Right-of<span class=\"_ _5\"/>-use assets and lease liabilities <span class=\"_ _5\"/>for leases <span class=\"_ _5\"/>for <span class=\"_ _5\"/>which the lease t<span class=\"_ _5\"/>erm ends within 12 months o<span class=\"_ _5\"/>f the a<span class=\"_ _5\"/>cquisition dat<span class=\"_ _5\"/>e and the underlying asse<span class=\"_ _5\"/>t is of<span class=\"_ _5\"/> low <span class=\"_ _5\"/>value are no<span class=\"_ _5\"/>t rec<span class=\"_ _5\"/>ognized.<span class=\"_ _5\"/> The considera<span class=\"_ _5\"/>tion transf<span class=\"_ _5\"/>erred does not<span class=\"_ _5\"/> include amounts rela<span class=\"_ _5\"/>ted t<span class=\"_ _5\"/>o the settl<span class=\"_ _5\"/>ement of<span class=\"_ _5\"/> pre-existing relationships.<span class=\"_ _b\"/> Such amounts are rec<span class=\"_ _5\"/>ognized in pro<span class=\"_ _5\"/>fit or loss.Costs r<span class=\"_ _5\"/>elated <span class=\"_ _5\"/>to the a<span class=\"_ _5\"/>cquisition,<span class=\"_ _5\"/> other<span class=\"_ _5\"/> than those associa<span class=\"_ _5\"/>ted with <span class=\"_ _5\"/>the issue of deb<span class=\"_ _5\"/>t or equity securities incurr<span class=\"_ _5\"/>ed in connection with the business c<span class=\"_ _5\"/>ombination,<span class=\"_ _b\"/> are expensed.Contingen<span class=\"_ _5\"/>t considera<span class=\"_ _5\"/>tion payable is r<span class=\"_ _5\"/>ecognized a<span class=\"_ _5\"/>t fair<span class=\"_ _5\"/> value a<span class=\"_ _5\"/>t the a<span class=\"_ _5\"/>cquisition dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> If the contingen<span class=\"_ _5\"/>t considera<span class=\"_ _5\"/>tion is classified as equity<span class=\"_ _5\"/>,<span class=\"_ _5\"/> it is no<span class=\"_ _5\"/>t remeasured,<span class=\"_ _b\"/> and settlement<span class=\"_ _5\"/> is account<span class=\"_ _5\"/>ed f<span class=\"_ _5\"/>or within equity<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Other<span class=\"_ _6\"/>wise,<span class=\"_ _b\"/> subsequent changes to <span class=\"_ _5\"/>the fair <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f the con<span class=\"_ _5\"/>tingent consider<span class=\"_ _5\"/>ation are rec<span class=\"_ _5\"/>ognized in profit or<span class=\"_ _5\"/> loss.If the C<span class=\"_ _5\"/>ompany ob<span class=\"_ _5\"/>tains control o<span class=\"_ _5\"/>f a business tha<span class=\"_ _5\"/>t is a joint oper<span class=\"_ _5\"/>ation,<span class=\"_ _b\"/> it remeasures pre<span class=\"_ _5\"/>viously hel<span class=\"_ _5\"/>d interes<span class=\"_ _5\"/>ts in that<span class=\"_ _5\"/> business.Arcadis NV<span class=\"_ _5\"/> indirectly<span class=\"_ _5\"/> holds 1<span class=\"_ _5\"/>0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>% of<span class=\"_ _5\"/> the ordinary shares o<span class=\"_ _5\"/>f al<span class=\"_ _5\"/>l these subsidiaries,<span class=\"_ _b\"/> and does not hol<span class=\"_ _5\"/>d direct int<span class=\"_ _b\"/>erests in most o<span class=\"_ _5\"/>f them itsel<span class=\"_ _b\"/>f as a resul<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> the int<span class=\"_ _5\"/>ermediat<span class=\"_ _5\"/>e holding structure <span class=\"_ _5\"/>within the Group.<span class=\"_ _b\"/> All subsidiaries are incl<span class=\"_ _5\"/>uded in the financial consolida<span class=\"_ _b\"/>tion.<span class=\"_ _5\"/> The proportion of <span class=\"_ _5\"/>the vo<span class=\"_ _5\"/>ting rights held dir<span class=\"_ _5\"/>ectly by <span class=\"_ _5\"/>the parent<span class=\"_ _5\"/> company does no<span class=\"_ _5\"/>t substan<span class=\"_ _5\"/>tiall<span class=\"_ _b\"/>y differ fr<span class=\"_ _5\"/>om the proportion of<span class=\"_ _5\"/> ordinary shares held.A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the t<span class=\"_ _5\"/>otal non-contr<span class=\"_ _5\"/>olling int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> amounted <span class=\"_ _5\"/>to \u20ac2.0 million nega<span class=\"_ _b\"/>tive<span class=\"_ _6\"/> (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _5\"/>.1 million nega<span class=\"_ _5\"/>tive) and is as such not<span class=\"_ _5\"/> mat<span class=\"_ _5\"/>erial f<span class=\"_ _5\"/>or the Gr<span class=\"_ _5\"/>oup.The main consolida<span class=\"_ _5\"/>ted companies as a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 2<span class=\"_ _5\"/>022 are list<span class=\"_ _5\"/>ed below:Name of<span class=\"_ _5\"/> subsidiar<span class=\"_ _6\"/>y<span class=\"_ _1cb\"> </span>Country o<span class=\"_ _5\"/>f incorpora<span class=\"_ _5\"/>tionAmericasArcadis US,<span class=\"_ _b\"/> Inc.<span class=\"_ _1a5\"> </span>United S<span class=\"_ _5\"/>tates o<span class=\"_ _5\"/>f AmericaIBI Group US<span class=\"_ _1cc\"> </span>United S<span class=\"_ _5\"/>tates o<span class=\"_ _5\"/>f AmericaIBI Group Pro<span class=\"_ _5\"/>fessional Services (Canada) Inc.<span class=\"_ _5a\"> </span><span class=\"wsac\">Canada</span>IBI Group Ar<span class=\"_ _5\"/>chitects (Canada Inc.)<span class=\"_ _93\"> </span><span class=\"wsac\">Canada</span>Arcadis L<span class=\"_ _5\"/>ogos S.<span class=\"_ _6\"/>A<span class=\"_ _6\"/>.<span class=\"_ _192\"> </span><span class=\"wsac\">Brazil</span>CallisonR<span class=\"_ _5\"/>TKL, Inc.<span class=\"_ _1cd\"> </span>United S<span class=\"_ _5\"/>tates o<span class=\"_ _5\"/>f AmericaEurope &amp; Middle EastArcadis C<span class=\"_ _5\"/>onsulting Middle Eas<span class=\"_ _5\"/>t L<span class=\"_ _5\"/>td.<span class=\"_ _84\"> </span>United KingdomArcadis LLP<span class=\"_ _1ce\"> </span>United KingdomArcadis C<span class=\"_ _5\"/>onsulting (UK) Limited<span class=\"_ _106\"> </span>United KingdomArcadis Nederland B<span class=\"_ _5\"/>V<span class=\"_ _197\"> </span>The NetherlandsArcadis Deutschland GmbH<span class=\"_ _1cf\"> </span><span class=\"wsac\">Germany</span>Arcadis F<span class=\"_ _5\"/>rance S.A<span class=\"_ _6\"/>.S.<span class=\"_ _1d0\"> </span><span class=\"ls10d ws12b\">France</span>Arcadis Belgium NV<span class=\"_ _199\"> </span><span class=\"wsac\">Belgium</span>White R<span class=\"_ _5\"/>ock Insurance (Netherlands) P<span class=\"_ _5\"/>cc Limited <span class=\"_ _1d1\"> </span><span class=\"wsac\">Mal<span class=\"_ _5\"/>ta</span>DPS Engineering Holdings Limited<span class=\"_ _72\"> </span><span class=\"wsac\">Ir<span class=\"_ _5\"/>eland</span>Asia PacificArcadis Asia L<span class=\"_ _5\"/>td.<span class=\"_ _105\"> </span><span class=\"ws1\">Hong Kong</span>Arcadis <span class=\"_ _5\"/>Australia Pacific Holdings Pty L<span class=\"_ _b\"/>td.<span class=\"_ _16d\"> </span><span class=\"wsac\">Australia</span>Changes in consolida<span class=\"_ _5\"/>ted in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>tsBusiness combina<span class=\"_ _5\"/>tions 2022Acquisition o<span class=\"_ _5\"/>f IBI GroupOn 27 Sep<span class=\"_ _5\"/>tember<span class=\"_ _5\"/> 2022,<span class=\"_ _0\"/> the Group ac<span class=\"_ _5\"/>quired 100<span class=\"_ _6\"/>% of<span class=\"_ _5\"/> the v<span class=\"_ _5\"/>oting shares o<span class=\"_ _5\"/>f IBI Group Inc.<span class=\"_ _6\"/>,<span class=\"_ _5\"/> a listed c<span class=\"_ _5\"/>ompany based in Canada.<span class=\"_ _b\"/> IBI Group is a technol<span class=\"_ _5\"/>ogy-driven design <span class=\"_ _5\"/>firm with global archit<span class=\"_ _5\"/>ecture,<span class=\"_ _b\"/> engineering,<span class=\"_ _b\"/> planning<span class=\"_ _6\"/> and t<span class=\"_ _5\"/>echnology expertise.<span class=\"_ _0\"/> This acquisition aims t<span class=\"_ _b\"/>o create a gl<span class=\"_ _5\"/>obal leader<span class=\"_ _5\"/> f<span class=\"_ _5\"/>or planning,<span class=\"_ _b\"/> designing and building the resilient<span class=\"_ _5\"/> cities of <span class=\"_ _5\"/>tomorr<span class=\"_ _5\"/>ow<span class=\"_ _b\"/>. F<span class=\"_ _5\"/>or the thr<span class=\"_ _5\"/>ee months period ended 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> IBI Group contribut<span class=\"_ _5\"/>ed gross re<span class=\"_ _5\"/>venue of \u20ac1<span class=\"_ _b\"/>1<span class=\"_ _5\"/>4.5 million and \u20ac2.1 million t<span class=\"_ _b\"/>o loss befor<span class=\"_ _5\"/>e income tax.<span class=\"_ _5\"/> If the a<span class=\"_ _5\"/>cquisition had occurr<span class=\"_ _5\"/>ed on 1 January 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> management<span class=\"_ _5\"/> estimat<span class=\"_ _5\"/>es tha<span class=\"_ _5\"/>t consolida<span class=\"_ _5\"/>ted gr<span class=\"_ _5\"/>oss revenue <span class=\"_ _5\"/>would ha<span class=\"_ _5\"/>ve been \u20ac4<span class=\"_ _6\"/>44<span class=\"_ _6\"/>.8 million,<span class=\"_ _b\"/> and consolidat<span class=\"_ _b\"/>ed<span class=\"_ _6\"/> loss bef<span class=\"_ _5\"/>ore income tax <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the year<span class=\"_ _5\"/> would ha<span class=\"_ _b\"/>ve been \u20ac7<span class=\"_ _b\"/>.1 million (ex<span class=\"_ _5\"/>cluding amortization of<span class=\"_ _5\"/> purchase price all<span class=\"_ _5\"/>ocation it<span class=\"_ _5\"/>ems).<span class=\"_ _5\"/> Assets acquir<span class=\"_ _5\"/>ed and liabilities assumed The fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lues of<span class=\"_ _5\"/> the identifiable assets and liabilities o<span class=\"_ _b\"/>f IBI Group Inc.<span class=\"_ _5\"/> as at<span class=\"_ _5\"/> the dat<span class=\"_ _b\"/>e of ac<span class=\"_ _5\"/>quisition were:In \u20ac thousands<span class=\"_ _1d2\"> </span>Fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue recognised on acquisitionAssetsIntangible assets (No<span class=\"_ _5\"/>te 1<span class=\"_ _5\"/>4)<span class=\"_ _1d3\"> </span><span class=\"ls6f ws13a\"> 55,4<span class=\"_ _6\"/>52<span class=\"_ _6\"/> </span>Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipment<span class=\"_ _5\"/> (Not<span class=\"_ _5\"/>e 15)<span class=\"_ _1d4\"> </span><span class=\"lsef ws11c\"> 16<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>27<span class=\"_ _6\"/> </span>Right-of<span class=\"_ _5\"/>-use assets (Not<span class=\"_ _5\"/>e 16)<span class=\"_ _1d5\"> </span><span class=\"ls102 ws11a\"> 45<span class=\"_ _6\"/>,<span class=\"_ _6\"/>197<span class=\"_ _6\"/> </span>Other inv<span class=\"_ _5\"/>estments (Not<span class=\"_ _5\"/>e 18)<span class=\"_ _1d6\"> </span><span class=\"lsef ws11c\"> 1,6<span class=\"_ _6\"/>0<span class=\"_ _6\"/>3<span class=\"_ _6\"/> </span>Other non-current<span class=\"_ _5\"/> assets (Not<span class=\"_ _5\"/>e 20)<span class=\"_ _1d7\"> </span><span class=\"lsf9 ws178\"> 4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>7<span class=\"_ _6\"/> </span>T<span class=\"_ _b\"/>rade receivables (No<span class=\"_ _5\"/>te 2<span class=\"_ _5\"/>1)<span class=\"_ _1d8\"> </span><span class=\"ls10e ws111\"> 116<span class=\"_ _7\"/>,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>9<span class=\"_ _7\"/>4<span class=\"_ _7\"/> </span>Contr<span class=\"_ _5\"/>act assets (unbilled r<span class=\"_ _5\"/>eceivables) (No<span class=\"_ _5\"/>te 22)<span class=\"_ _1d9\"> </span><span class=\"lsfb ws134\"> 5<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>14<span class=\"_ _6\"/> </span>Corpora<span class=\"_ _5\"/>te tax r<span class=\"_ _5\"/>eceivables (No<span class=\"_ _5\"/>te 24<span class=\"_ _5\"/>)<span class=\"_ _1da\"> </span> 4,8<span class=\"_ _6\"/>80<span class=\"_ _6\"/> Other curren<span class=\"_ _5\"/>t assets (Not<span class=\"_ _5\"/>e 24)<span class=\"_ _1db\"> </span><span class=\"ls102 ws11a\"> 19,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>9<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span>Cash and cash equivalen<span class=\"_ _5\"/>ts (Note 25)<span class=\"_ _1dc\"> </span><span class=\"ls3e ws132\"> 26,<span class=\"_ _6\"/>826 </span>34<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,919LiabilitiesDeferr<span class=\"_ _5\"/>ed tax liabilities (Not<span class=\"_ _5\"/>e 1<span class=\"_ _5\"/>2)<span class=\"_ _1dd\"> </span> (10,07<span class=\"_ _5\"/>0) Loans and borro<span class=\"_ _5\"/>wings (Note 30)<span class=\"_ _1a9\"> </span> (51<span class=\"_ _5\"/>,770) Lease liabilities (No<span class=\"_ _5\"/>te 16)<span class=\"_ _1de\"> </span><span class=\"wsac\">(46<span class=\"_ _6\"/>,693) </span>Contr<span class=\"_ _5\"/>act liabilities (billing in ex<span class=\"_ _5\"/>cess of r<span class=\"_ _5\"/>evenue) (Not<span class=\"_ _5\"/>e 22)<span class=\"_ _14a\"> </span> (56<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>07) Corpora<span class=\"_ _5\"/>te tax liabilities (No<span class=\"_ _5\"/>te 1<span class=\"_ _b\"/>2)<span class=\"_ _1dd\"> </span> (1,683) Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _5\"/>,<span class=\"_ _5\"/> accrued expenses and o<span class=\"_ _5\"/>ther current<span class=\"_ _5\"/> liabilities (Note 3<span class=\"_ _5\"/>1)<span class=\"_ _1df\"> </span> (73,96<span class=\"_ _6\"/>4) Bank ov<span class=\"_ _5\"/>erdrafts (Not<span class=\"_ _5\"/>e 25)<span class=\"_ _1e0\"> </span> (5,607)<span class=\"_ _6\"/>  (245,794)<span class=\"_ _6\"/> T<span class=\"_ _b\"/>otal identifiable net<span class=\"_ _5\"/> assets at<span class=\"_ _5\"/> fair <span class=\"_ _5\"/>value<span class=\"_ _17f\"> </span><span class=\"ls3 ws137\"> 1<span class=\"_ _5\"/>00,12<span class=\"_ _5\"/>5 </span>Goodwill arising on acquisition (No<span class=\"_ _5\"/>te 1<span class=\"_ _5\"/>4)<span class=\"_ _1a2\"> </span><span class=\"ls12d ws116\"> 47<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>76<span class=\"_ _6\"/>0<span class=\"_ _6\"/> </span>Cash settlement<span class=\"_ _5\"/> of unr<span class=\"_ _5\"/>eplaced aw<span class=\"_ _5\"/>ards<span class=\"_ _1ba\"> </span> (15,770) Cash consideration tr<span class=\"_ _5\"/>ansferred <span class=\"_ _1e1\"> </span>(557<span class=\"_ _b\"/>,11<span class=\"_ _b\"/>5<span class=\"_ _6\"/>)The goodwill is a<span class=\"_ _5\"/>ttributable t<span class=\"_ _5\"/>o the w<span class=\"_ _5\"/>orkforce and <span class=\"_ _5\"/>the synergies with <span class=\"_ _5\"/>the acquired business.<span class=\"_ _0\"/> It has been all<span class=\"_ _5\"/>ocat<span class=\"_ _5\"/>ed to <span class=\"_ _5\"/>the CGUs tha<span class=\"_ _5\"/>t the group uses <span class=\"_ _5\"/>for<span class=\"_ _5\"/> impairment t<span class=\"_ _b\"/>esting of goodwil<span class=\"_ _5\"/>l: Places,<span class=\"_ _b\"/> Mobility<span class=\"_ _b\"/>,<span class=\"_ _5\"/> Resilience<span class=\"_ _5\"/>,<span class=\"_ _5\"/> and Int<span class=\"_ _5\"/>elligence.<span class=\"_ _0\"/> It will no<span class=\"_ _5\"/>t be deductible f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>tax purposes.<span class=\"_ _5\"/>    Cash settlemen<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> unreplaced a<span class=\"_ _5\"/>wardsIn acc<span class=\"_ _5\"/>ordance with <span class=\"_ _5\"/>the t<span class=\"_ _5\"/>erms of <span class=\"_ _5\"/>the acquisition agr<span class=\"_ _5\"/>eement,<span class=\"_ _b\"/> the Group has settl<span class=\"_ _5\"/>ed in cash the share-based paymen<span class=\"_ _5\"/>t aw<span class=\"_ _5\"/>ards held by<span class=\"_ _5\"/> employees o<span class=\"_ _b\"/>f IBI Group.<span class=\"_ _b\"/> These unrepla<span class=\"_ _5\"/>ced aw<span class=\"_ _5\"/>ards are consider<span class=\"_ _5\"/>ed wholl<span class=\"_ _5\"/>y <span class=\"_ _5\"/>vested a<span class=\"_ _b\"/>t the dat<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> transaction.<span class=\"_ _b\"/> Fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lues measurement<span class=\"_ _5\"/> and provisional purchased a<span class=\"_ _5\"/>ccountingA pro<span class=\"_ _5\"/>visional measurement<span class=\"_ _5\"/> of<span class=\"_ _5\"/> backlog f<span class=\"_ _5\"/>or an amount<span class=\"_ _5\"/> \u20ac40.0 million has been recognized <span class=\"_ _5\"/>within <span class=\"_ _5\"/>\u201cOther intangible asse<span class=\"_ _5\"/>ts\" using the Mul<span class=\"_ _5\"/>tiperiod Excess Earnings Me<span class=\"_ _5\"/>thod (MEEM).<span class=\"_ _5\"/> The Group sought<span class=\"_ _5\"/> an independent <span class=\"_ _5\"/>valua<span class=\"_ _5\"/>tion f<span class=\"_ _5\"/>or IBI Group<span class=\"_ _5\"/>\u2019s o<span class=\"_ _5\"/>ther intangible asse<span class=\"_ _5\"/>ts (mostl<span class=\"_ _5\"/>y t<span class=\"_ _5\"/>echnology<span class=\"_ _5\"/>-rela<span class=\"_ _5\"/>ted assets,<span class=\"_ _0\"/> and customer r<span class=\"_ _5\"/>elationships) tha<span class=\"_ _5\"/>t <span class=\"_ _5\"/>will be performed in 2023.<span class=\"_ _b\"/> The fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> the tr<span class=\"_ _5\"/>ade receiv<span class=\"_ _5\"/>ables amounts t<span class=\"_ _5\"/>o \u20ac1<span class=\"_ _b\"/>16.9 million.<span class=\"_ _0\"/> The gross amount o<span class=\"_ _b\"/>f trade r<span class=\"_ _5\"/>eceivables is \u20ac1<span class=\"_ _b\"/>20.7 million,<span class=\"_ _5\"/> of<span class=\"_ _5\"/> which \u20ac3.8 million <span class=\"_ _5\"/>was expected <span class=\"_ _5\"/>to be uncol<span class=\"_ _5\"/>lectable at<span class=\"_ _5\"/> the da<span class=\"_ _5\"/>te of<span class=\"_ _5\"/> acquisition.<span class=\"_ _b\"/> The Group measured <span class=\"_ _5\"/>the acquired l<span class=\"_ _5\"/>ease liabilities using the present<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> the remaining lease pa<span class=\"_ _b\"/>yments at the dat<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> acquisition.<span class=\"_ _b\"/> The right<span class=\"_ _5\"/>-of-use assets <span class=\"_ _5\"/>were measured a<span class=\"_ _b\"/>t an amount equal <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the lease liabilities and adjust<span class=\"_ _5\"/>ed to reflect<span class=\"_ _5\"/> the fav<span class=\"_ _5\"/>ourable t<span class=\"_ _5\"/>erms <span class=\"_ _6\"/>of<span class=\"_ _5\"/> the lease relative t<span class=\"_ _5\"/>o market<span class=\"_ _5\"/> terms.<span class=\"_ _b\"/> The right-of-use assets and lease liabilities ha<span class=\"_ _5\"/>ve been measured pro<span class=\"_ _5\"/>visionall<span class=\"_ _5\"/>y and the Gr<span class=\"_ _5\"/>oup will c<span class=\"_ _5\"/>omplete <span class=\"_ _5\"/>the assessment during <span class=\"_ _5\"/>the measurement<span class=\"_ _5\"/> period.The Group has conduct<span class=\"_ _5\"/>ed a preliminary assessment o<span class=\"_ _5\"/>f the po<span class=\"_ _5\"/>ten<span class=\"_ _5\"/>tial contingen<span class=\"_ _5\"/>t liabilities,<span class=\"_ _b\"/> including litigations and will c<span class=\"_ _5\"/>ontinue t<span class=\"_ _5\"/>o review<span class=\"_ _5\"/> these ma<span class=\"_ _5\"/>tters during the measur<span class=\"_ _5\"/>ement period.The net asse<span class=\"_ _5\"/>ts recognized a<span class=\"_ _5\"/>t closing da<span class=\"_ _b\"/>te wer<span class=\"_ _5\"/>e based on a provisional assessmen<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> their <span class=\"_ _5\"/>fair <span class=\"_ _5\"/>value<span class=\"_ _5\"/>,<span class=\"_ _b\"/> and the Group has one y<span class=\"_ _5\"/>ear fr<span class=\"_ _5\"/>om the acquisition da<span class=\"_ _5\"/>te <span class=\"_ _5\"/>to re<span class=\"_ _5\"/>vise preliminary assessed fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ues of<span class=\"_ _5\"/> assets and liabilities.Purchase consider<span class=\"_ _5\"/>ation <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> cash outflowCash flow on In \u20ac thousandsacquisitionOutflow o<span class=\"_ _5\"/>f cash t<span class=\"_ _5\"/>o acquire subsidiary<span class=\"_ _b\"/>, net<span class=\"_ _5\"/> of cash a<span class=\"_ _5\"/>cquiredCash considera<span class=\"_ _5\"/>tion<span class=\"_ _1e2\"> </span> (557<span class=\"_ _b\"/>,11<span class=\"_ _b\"/>5<span class=\"_ _6\"/>) Cash settlement<span class=\"_ _5\"/> of unr<span class=\"_ _5\"/>eplaced aw<span class=\"_ _5\"/>ards<span class=\"_ _1c7\"> </span> (15,770) Balances ac<span class=\"_ _5\"/>quiredCash and cash equivalen<span class=\"_ _5\"/>ts<span class=\"_ _1e3\"> </span><span class=\"ls3e ws132\"> 26,<span class=\"_ _6\"/>826 </span>Overdraf<span class=\"_ _6\"/>ts<span class=\"_ _1e4\"> </span><span class=\"ls9d ws1\"> (5,607)<span class=\"_ _6\"/> </span> 21,219<span class=\"_ _6\"/> Net outflo<span class=\"_ _5\"/>w of cash <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> investing a<span class=\"_ _5\"/>ctivities<span class=\"_ _184\"> </span><span class=\"wsac\">(551,666<span class=\"_ _6\"/>) </span>Acquisition-rela<span class=\"_ _5\"/>ted cos<span class=\"_ _5\"/>tsThe Group incurred a<span class=\"_ _5\"/>cquisition-rela<span class=\"_ _5\"/>ted cos<span class=\"_ _5\"/>ts of \u20ac9<span class=\"_ _5\"/>.7 million on legal <span class=\"_ _5\"/>fees,<span class=\"_ _b\"/> success <span class=\"_ _5\"/>fees and due diligence costs.<span class=\"_ _0\"/> These costs ha<span class=\"_ _5\"/>ve been included in <span class=\"_ _b\"/>\u201cOther opera<span class=\"_ _5\"/>tional cos<span class=\"_ _5\"/>ts\u201d<span class=\"_ _b\"/> in the consolida<span class=\"_ _5\"/>ted income s<span class=\"_ _5\"/>tatemen<span class=\"_ _5\"/>t.<span class=\"_ _5\"/> Acquisition o<span class=\"_ _5\"/>f DPS GroupOn 1 December 2<span class=\"_ _5\"/>022,<span class=\"_ _b\"/> the Group a<span class=\"_ _5\"/>cquired 1<span class=\"_ _5\"/>0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>% of<span class=\"_ _5\"/> the v<span class=\"_ _5\"/>oting shares o<span class=\"_ _5\"/>f DPS Engineering Holdings Limit<span class=\"_ _5\"/>ed,<span class=\"_ _b\"/> a non-list<span class=\"_ _5\"/>ed company based in Ir<span class=\"_ _5\"/>eland.<span class=\"_ _b\"/> DPS Group is a provider o<span class=\"_ _5\"/>f project services <span class=\"_ _5\"/>to globa<span class=\"_ _5\"/>l leading clients in pharmaceutica<span class=\"_ _5\"/>l,<span class=\"_ _5\"/> biot<span class=\"_ _5\"/>echnology<span class=\"_ _b\"/>,<span class=\"_ _5\"/> novel <span class=\"_ _5\"/>therapy<span class=\"_ _b\"/>,<span class=\"_ _b\"/> medical technol<span class=\"_ _5\"/>ogies and semiconductor manuf<span class=\"_ _5\"/>acturing.<span class=\"_ _b\"/> This acquisition aims <span class=\"_ _5\"/>to achie<span class=\"_ _5\"/>ve a global position in pharma<span class=\"_ _5\"/>ceutical and semiconduct<span class=\"_ _5\"/>or manufacturing mark<span class=\"_ _5\"/>ets and crea<span class=\"_ _5\"/>te a further enhanced and in<span class=\"_ _5\"/>tegra<span class=\"_ _b\"/>ted full<span class=\"_ _b\"/>-ser<span class=\"_ _6\"/>vice offering.<span class=\"_ _0\"/> F<span class=\"_ _5\"/>or the one-month period ended 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> DPS Group contribut<span class=\"_ _5\"/>ed gross re<span class=\"_ _5\"/>venue of<span class=\"_ _5\"/> \u20ac59.0 mil<span class=\"_ _5\"/>lion and \u20ac2.8 million <span class=\"_ _5\"/>to pro<span class=\"_ _5\"/>fit bef<span class=\"_ _5\"/>ore income tax.<span class=\"_ _b\"/> If the ac<span class=\"_ _5\"/>quisition had occurred on 1 <span class=\"_ _b\"/>Januar<span class=\"_ _6\"/>y 2022<span class=\"_ _5\"/>,<span class=\"_ _5\"/> management<span class=\"_ _5\"/> estima<span class=\"_ _5\"/>tes tha<span class=\"_ _5\"/>t consolida<span class=\"_ _b\"/>ted gross rev<span class=\"_ _5\"/>enue woul<span class=\"_ _5\"/>d have been \u20ac67<span class=\"_ _5\"/>5 million,<span class=\"_ _b\"/> and consolidat<span class=\"_ _b\"/>ed profit bef<span class=\"_ _5\"/>ore income tax f<span class=\"_ _5\"/>or the year<span class=\"_ _5\"/> would have been \u20ac1<span class=\"_ _b\"/>7<span class=\"_ _b\"/>.2 <span class=\"_ _6\"/>million.<span class=\"_ _b\"/> Assets acquir<span class=\"_ _5\"/>ed and liabilities assumed The fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lues of<span class=\"_ _5\"/> the identifiable assets and liabilities o<span class=\"_ _b\"/>f DPS Group as at<span class=\"_ _5\"/> the dat<span class=\"_ _b\"/>e of ac<span class=\"_ _5\"/>quisition were:In \u20ac thousands<span class=\"_ _1d2\"> </span>Fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue recognised on acquisitionAssetsProperty<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipment<span class=\"_ _5\"/> (Not<span class=\"_ _5\"/>e 15)<span class=\"_ _1e5\"> </span><span class=\"ls10e ws111\"> 11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>2<span class=\"_ _7\"/>2<span class=\"_ _7\"/> </span>Right-of<span class=\"_ _5\"/>-use assets (Not<span class=\"_ _5\"/>e 16)<span class=\"_ _1e6\"> </span> 23,8<span class=\"_ _6\"/>04<span class=\"_ _6\"/> Deferr<span class=\"_ _5\"/>ed tax assets (No<span class=\"_ _5\"/>te 1<span class=\"_ _5\"/>2)<span class=\"_ _1e7\"> </span> 8,69<span class=\"_ _6\"/>4 Invent<span class=\"_ _5\"/>ories<span class=\"_ _1e8\"> </span><span class=\"lsec ws112\"> 10 </span>T<span class=\"_ _b\"/>rade receivables (No<span class=\"_ _5\"/>te 2<span class=\"_ _5\"/>1)<span class=\"_ _6a\"> </span> 1<span class=\"_ _5\"/>37<span class=\"_ _b\"/>,252 Contr<span class=\"_ _5\"/>act assets (unbilled r<span class=\"_ _5\"/>eceivables) (No<span class=\"_ _5\"/>te 22)<span class=\"_ _1d9\"> </span><span class=\"lsfc ws11b\"> 5<span class=\"_ _6\"/>9,<span class=\"_ _6\"/>531<span class=\"_ _6\"/> </span>Corpora<span class=\"_ _5\"/>te tax r<span class=\"_ _5\"/>eceivables (No<span class=\"_ _5\"/>te 24<span class=\"_ _5\"/>)<span class=\"_ _1dd\"> </span><span class=\"ls3 ws137\"> 34<span class=\"_ _6\"/>4 </span>Other curren<span class=\"_ _5\"/>t assets (Not<span class=\"_ _5\"/>e 24)<span class=\"_ _1e6\"> </span><span class=\"ls119 ws17c\"> 6,503 </span>Assets classified as held for<span class=\"_ _5\"/> sale (No<span class=\"_ _5\"/>te 23)<span class=\"_ _1ba\"> </span> 1,825 Cash and cash equivalen<span class=\"_ _5\"/>ts (Note 25)<span class=\"_ _1e9\"> </span><span class=\"lsed ws163\"> 2<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>0<span class=\"_ _7\"> </span>0<span class=\"_ _7\"/>7<span class=\"_ _7\"/> </span>275,992LiabilitiesDeferr<span class=\"_ _5\"/>ed tax liabilities (Not<span class=\"_ _5\"/>e 1<span class=\"_ _5\"/>2)<span class=\"_ _1ea\"> </span> (5,561<span class=\"_ _5\"/>) Loans and borro<span class=\"_ _5\"/>wings (Note 30)<span class=\"_ _1eb\"> </span> (9,045)<span class=\"_ _6\"/> Lease liabilities (No<span class=\"_ _5\"/>te 16)<span class=\"_ _1e3\"> </span> (25,4<span class=\"_ _6\"/>61<span class=\"_ _5\"/>) Contr<span class=\"_ _5\"/>act liabilities (billing in ex<span class=\"_ _5\"/>cess of r<span class=\"_ _5\"/>evenue) (Not<span class=\"_ _5\"/>e 22)<span class=\"_ _113\"> </span><span class=\"ls2 ws14a\"> (235)<span class=\"_ _6\"/> </span>Corpora<span class=\"_ _5\"/>te tax liabilities (No<span class=\"_ _5\"/>te 1<span class=\"_ _b\"/>2)<span class=\"_ _1dd\"> </span> (1,878) Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _5\"/>,<span class=\"_ _5\"/> accrued expenses and o<span class=\"_ _5\"/>ther current<span class=\"_ _5\"/> liabilities (Note 3<span class=\"_ _5\"/>1)<span class=\"_ _92\"> </span> (144<span class=\"_ _6\"/>,395) Bank ov<span class=\"_ _5\"/>erdrafts (Not<span class=\"_ _5\"/>e 25)<span class=\"_ _1ec\"> </span> (31<span class=\"_ _5\"/>,193<span class=\"_ _5\"/>)  (21<span class=\"_ _b\"/>7,7<span class=\"_ _5\"/>68)<span class=\"_ _6\"/> T<span class=\"_ _b\"/>otal identifiable net<span class=\"_ _5\"/> assets at<span class=\"_ _5\"/> fair <span class=\"_ _5\"/>value<span class=\"_ _1ed\"> </span><span class=\"lsf6 ws10f\"> 58<span class=\"_ _6\"/>,224 </span>Goodwill arising on acquisition (No<span class=\"_ _5\"/>te 1<span class=\"_ _5\"/>4)<span class=\"_ _1a2\"> </span><span class=\"lsf5 ws117\"> 17<span class=\"_ _6\"/>0<span class=\"_ _7\"/>,9<span class=\"_ _7\"/>6<span class=\"_ _6\"/>3<span class=\"_ _7\"/> </span>Cash consideration tr<span class=\"_ _5\"/>ansferred<span class=\"_ _1e1\"> </span><span class=\"wsac\">(22<span class=\"_ _6\"/>9,187)</span>The goodwill is a<span class=\"_ _5\"/>ttributable t<span class=\"_ _5\"/>o the w<span class=\"_ _5\"/>orkforce and <span class=\"_ _5\"/>the synergies with <span class=\"_ _5\"/>the acquired business.<span class=\"_ _0\"/> It has been all<span class=\"_ _5\"/>ocat<span class=\"_ _5\"/>ed entirel<span class=\"_ _5\"/>y t<span class=\"_ _b\"/>o the CGU Places.<span class=\"_ _b\"/> It wil<span class=\"_ _5\"/>l not be deductible <span class=\"_ _5\"/>for<span class=\"_ _5\"/> tax purposes.<span class=\"_ _b\"/>  Contingen<span class=\"_ _5\"/>t considera<span class=\"_ _5\"/>tion The Group has agr<span class=\"_ _5\"/>eed to pa<span class=\"_ _5\"/>y <span class=\"_ _5\"/>the selling shareholders in <span class=\"_ _5\"/>two years<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> time an additional consider<span class=\"_ _5\"/>ation o<span class=\"_ _5\"/>f \u20ac2.1<span class=\"_ _b\"/>m. As per the anal<span class=\"_ _b\"/>ysis of<span class=\"_ _5\"/> the contr<span class=\"_ _5\"/>actual disposition of<span class=\"_ _5\"/> this additional c<span class=\"_ _5\"/>onsideration,<span class=\"_ _0\"/> that<span class=\"_ _5\"/> comprises a continuous employmen<span class=\"_ _5\"/>t clause,<span class=\"_ _b\"/> this part o<span class=\"_ _5\"/>f the consider<span class=\"_ _5\"/>ation has been consider<span class=\"_ _5\"/>ed as remunera<span class=\"_ _5\"/>tion.<span class=\"_ _b\"/> It will be al<span class=\"_ _5\"/>locat<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o the consolida<span class=\"_ _5\"/>ted income s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ement within a period o<span class=\"_ _b\"/>f 24 months and incl<span class=\"_ _5\"/>uded in personnel costs.<span class=\"_ _b\"/> Over <span class=\"_ _5\"/>this period,<span class=\"_ _b\"/> if an employ<span class=\"_ _5\"/>ee is leaving,<span class=\"_ _0\"/> the corresponding individual indemnity<span class=\"_ _5\"/> will be paid back<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o the Group.<span class=\"_ _b\"/> Measurement<span class=\"_ _5\"/> of fair<span class=\"_ _5\"/> valuesThe tra<span class=\"_ _5\"/>de receivabl<span class=\"_ _5\"/>es comprise gross con<span class=\"_ _5\"/>tractual amounts due o<span class=\"_ _5\"/>f \u20ac1<span class=\"_ _b\"/>37<span class=\"_ _0\"/>.3 million,<span class=\"_ _b\"/> of <span class=\"_ _5\"/>which none was expect<span class=\"_ _5\"/>ed to be unc<span class=\"_ _5\"/>ollectable a<span class=\"_ _5\"/>t the da<span class=\"_ _5\"/>te o<span class=\"_ _5\"/>f ac<span class=\"_ _5\"/>quisition.<span class=\"_ _5\"/> Fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lues measurement<span class=\"_ _5\"/> and provisional purchased a<span class=\"_ _5\"/>ccountingThe Group sought<span class=\"_ _5\"/> an independent <span class=\"_ _5\"/>valua<span class=\"_ _5\"/>tion f<span class=\"_ _5\"/>or DPS Group<span class=\"_ _5\"/>\u2019s intangibl<span class=\"_ _5\"/>e assets (int<span class=\"_ _5\"/>ernall<span class=\"_ _5\"/>y dev<span class=\"_ _5\"/>eloped technol<span class=\"_ _5\"/>ogy<span class=\"_ _5\"/>,<span class=\"_ _b\"/> customer<span class=\"_ _5\"/> relationships,<span class=\"_ _0\"/> backlog) tha<span class=\"_ _5\"/>t will be performed in 2<span class=\"_ _5\"/>023.The right-o<span class=\"_ _5\"/>f-use assets and lease liabilities ha<span class=\"_ _5\"/>ve been measured pr<span class=\"_ _5\"/>ovisionall<span class=\"_ _b\"/>y and the Group <span class=\"_ _5\"/>will comple<span class=\"_ _5\"/>te the assessment (incl<span class=\"_ _5\"/>uding extension and <span class=\"_ _5\"/>termina<span class=\"_ _5\"/>tion options) during <span class=\"_ _5\"/>the measurement period.The Group has conduct<span class=\"_ _5\"/>ed a preliminary assessment o<span class=\"_ _5\"/>f the po<span class=\"_ _5\"/>ten<span class=\"_ _5\"/>tial contingen<span class=\"_ _5\"/>t liabilities,<span class=\"_ _b\"/> including litigation and will c<span class=\"_ _5\"/>ontinue t<span class=\"_ _5\"/>o review<span class=\"_ _5\"/> these ma<span class=\"_ _5\"/>tters during the measur<span class=\"_ _5\"/>ement period.The net asse<span class=\"_ _5\"/>ts recognized a<span class=\"_ _5\"/>t closing da<span class=\"_ _b\"/>te wer<span class=\"_ _5\"/>e based on a provisional assessmen<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> their <span class=\"_ _5\"/>fair <span class=\"_ _5\"/>value<span class=\"_ _5\"/>,<span class=\"_ _b\"/> and the Group has one y<span class=\"_ _5\"/>ear fr<span class=\"_ _5\"/>om the acquisition da<span class=\"_ _5\"/>te <span class=\"_ _5\"/>to perform <span class=\"_ _5\"/>the fair <span class=\"_ _5\"/>values assessmen<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f assets and liabilities.Cash flow on In \u20ac thousandsacquisitionOutflow o<span class=\"_ _5\"/>f cash t<span class=\"_ _5\"/>o acquire subsidiary<span class=\"_ _b\"/>, net<span class=\"_ _5\"/> of cash a<span class=\"_ _5\"/>cquiredCash considera<span class=\"_ _5\"/>tion<span class=\"_ _1ee\"> </span> (229,187) Balances ac<span class=\"_ _5\"/>quiredCash and cash equivalen<span class=\"_ _5\"/>ts<span class=\"_ _1ef\"> </span><span class=\"lsed ws163\"> 2<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>0<span class=\"_ _7\"> </span>0<span class=\"_ _7\"/>7<span class=\"_ _7\"/> </span>Overdraf<span class=\"_ _6\"/>ts<span class=\"_ _1f0\"> </span><span class=\"ls9d ws1\"> (31<span class=\"_ _5\"/>,193<span class=\"_ _5\"/>) </span> (4,186<span class=\"_ _6\"/>) Net outflo<span class=\"_ _5\"/>w of cash <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> investing a<span class=\"_ _5\"/>ctivities<span class=\"_ _1f1\"> </span> (233,373) Acquisition-rela<span class=\"_ _5\"/>ted cos<span class=\"_ _5\"/>tsThe Group incurred a<span class=\"_ _5\"/>cquisition-rela<span class=\"_ _5\"/>ted cos<span class=\"_ _5\"/>ts of \u20ac5.4 mil<span class=\"_ _5\"/>lion on legal f<span class=\"_ _5\"/>ees and due diligence cos<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> These costs ha<span class=\"_ _5\"/>ve been included in <span class=\"_ _0\"/>\u201cOther operationa<span class=\"_ _5\"/>l costs\u201d<span class=\"_ _0\"/> in the consolidat<span class=\"_ _b\"/>ed income stat<span class=\"_ _5\"/>ement.<span class=\"_ _b\"/> Acquisition o<span class=\"_ _5\"/>f W<span class=\"_ _b\"/>at<span class=\"_ _5\"/>er Pla<span class=\"_ _5\"/>tform Compan<span class=\"_ _5\"/>y (f<span class=\"_ _5\"/>ormerly<span class=\"_ _5\"/> HydroLogic R<span class=\"_ _5\"/>esearch B.<span class=\"_ _0\"/>V<span class=\"_ _5\"/>.)In F<span class=\"_ _5\"/>ebruar<span class=\"_ _6\"/>y 202<span class=\"_ _5\"/>2,<span class=\"_ _b\"/> Arcadis ac<span class=\"_ _5\"/>quired 70% o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>voting shar<span class=\"_ _5\"/>es in W<span class=\"_ _b\"/>at<span class=\"_ _5\"/>er Platf<span class=\"_ _5\"/>orm Company<span class=\"_ _0\"/>,<span class=\"_ _5\"/> a non-listed Dut<span class=\"_ _5\"/>ch based softwar<span class=\"_ _5\"/>e company <span class=\"_ _5\"/>that<span class=\"_ _5\"/> owns HydroNET<span class=\"_ _0\"/>.<span class=\"_ _b\"/> HydroNET is a pla<span class=\"_ _5\"/>tform de<span class=\"_ _5\"/>veloped by<span class=\"_ _5\"/> HydroLogic aimed a<span class=\"_ _b\"/>t supporting customers with in<span class=\"_ _5\"/>telligen<span class=\"_ _5\"/>t w<span class=\"_ _5\"/>at<span class=\"_ _5\"/>er services and digital capabilities.<span class=\"_ _b\"/> Arcadis <span class=\"_ _5\"/>will use its worl<span class=\"_ _5\"/>dwide network<span class=\"_ _5\"/> to de<span class=\"_ _5\"/>velop and ac<span class=\"_ _5\"/>celera<span class=\"_ _b\"/>te the int<span class=\"_ _5\"/>ernationa<span class=\"_ _5\"/>l roll<span class=\"_ _5\"/>-out of<span class=\"_ _5\"/> the HydroNET<span class=\"_ _5\"/> platf<span class=\"_ _5\"/>orm.The considera<span class=\"_ _5\"/>tion f<span class=\"_ _5\"/>or W<span class=\"_ _0\"/>ater<span class=\"_ _5\"/> Platf<span class=\"_ _5\"/>orm Company business c<span class=\"_ _5\"/>ombination amount<span class=\"_ _b\"/>ed to \u20ac3.5 million,<span class=\"_ _0\"/> including a contingen<span class=\"_ _5\"/>t considera<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> \u20ac0.8 million,<span class=\"_ _b\"/> whose \u20ac0.3 million has been paid in 202<span class=\"_ _5\"/>2 after <span class=\"_ _5\"/>the acquisition da<span class=\"_ _5\"/>te.<span class=\"_ _0\"/> The net iden<span class=\"_ _5\"/>tifiable assets acquir<span class=\"_ _5\"/>ed amounted <span class=\"_ _5\"/>to \u20ac0.1 million and <span class=\"_ _5\"/>the goodwill amount<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o \u20ac3.4 million.<span class=\"_ _5\"/> The goodwill is al<span class=\"_ _5\"/>locat<span class=\"_ _5\"/>ed entirel<span class=\"_ _b\"/>y to <span class=\"_ _5\"/>the CGU Int<span class=\"_ _5\"/>elligence.<span class=\"_ _0\"/> The acquisition ac<span class=\"_ _5\"/>counting is compl<span class=\"_ _5\"/>eted.<span class=\"_ _b\"/> Due t<span class=\"_ _5\"/>o the rela<span class=\"_ _5\"/>tivel<span class=\"_ _5\"/>y limit<span class=\"_ _5\"/>ed size of<span class=\"_ _5\"/> W<span class=\"_ _b\"/>at<span class=\"_ _5\"/>er Platf<span class=\"_ _5\"/>orm Company<span class=\"_ _0\"/>,<span class=\"_ _5\"/> no further disclosures ar<span class=\"_ _5\"/>e provided.Acquisition o<span class=\"_ _5\"/>f Giftge Consul<span class=\"_ _b\"/>tIn Sept<span class=\"_ _5\"/>ember 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> Arcadis a<span class=\"_ _5\"/>cquired 1<span class=\"_ _5\"/>0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>% of<span class=\"_ _5\"/> the v<span class=\"_ _5\"/>oting shares in Gift<span class=\"_ _5\"/>ge Consul<span class=\"_ _5\"/>t,<span class=\"_ _b\"/> a non-listed company based in Germany<span class=\"_ _b\"/>.<span class=\"_ _b\"/> Gif<span class=\"_ _6\"/>tge C<span class=\"_ _5\"/>onsult<span class=\"_ _5\"/> is a leading consul<span class=\"_ _b\"/>ting and engineering company <span class=\"_ _5\"/>for ener<span class=\"_ _5\"/>gy tr<span class=\"_ _5\"/>ansition<span class=\"_ _6\"/> solutions in Germany<span class=\"_ _0\"/>.<span class=\"_ _5\"/> Arcadis <span class=\"_ _5\"/>will str<span class=\"_ _5\"/>engthen its position in the attr<span class=\"_ _5\"/>active and high growth energy<span class=\"_ _5\"/> transition sector<span class=\"_ _0\"/>,<span class=\"_ _b\"/> complementing services within its globa<span class=\"_ _5\"/>l Resilience business area.The considera<span class=\"_ _5\"/>tion f<span class=\"_ _5\"/>or Giftge C<span class=\"_ _5\"/>onsult<span class=\"_ _5\"/> business combination amoun<span class=\"_ _5\"/>ted t<span class=\"_ _5\"/>o \u20ac9.1 million,<span class=\"_ _0\"/> including a deferr<span class=\"_ _5\"/>ed considera<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> \u20ac0.7 million.<span class=\"_ _b\"/> The net iden<span class=\"_ _5\"/>tifiable assets acquir<span class=\"_ _5\"/>ed amounted <span class=\"_ _5\"/>to \u20ac3.6 million and <span class=\"_ _5\"/>the preliminary goodwill amount<span class=\"_ _b\"/>ed to \u20ac5.5 million.<span class=\"_ _b\"/> The goodwill is a<span class=\"_ _5\"/>lloca<span class=\"_ _5\"/>ted entir<span class=\"_ _5\"/>ely<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o the CGU Int<span class=\"_ _5\"/>elligence.<span class=\"_ _b\"/> The acquisition a<span class=\"_ _5\"/>ccounting is pr<span class=\"_ _5\"/>ovisional.<span class=\"_ _5\"/> Due t<span class=\"_ _5\"/>o the rela<span class=\"_ _5\"/>tivel<span class=\"_ _5\"/>y limit<span class=\"_ _5\"/>ed size of<span class=\"_ _5\"/> Giftge Consul<span class=\"_ _5\"/>t,<span class=\"_ _b\"/> no further disclosures are pr<span class=\"_ _5\"/>ovided.Business divestmen<span class=\"_ _5\"/>ts 2022During the <span class=\"_ _5\"/>year ended 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the Compan<span class=\"_ _5\"/>y has comple<span class=\"_ _5\"/>ted the <span class=\"_ _5\"/>fol<span class=\"_ _5\"/>lowing divestmen<span class=\"_ _5\"/>ts: \u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">A subsidiary in Czech Republic and its br<span class=\"_ _5\"/>anch in Slovakia;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">A subsidiary in Thailand; </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">A subsidiary in Switz<span class=\"_ _5\"/>erland; </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">A subsidiary in Singapore incl<span class=\"_ _5\"/>uding its subsidiaries in Vietnam and Singapore and its <span class=\"_ _5\"/>T<span class=\"_ _b\"/>aiwan branch;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">A subsidiary in Hong Kong incl<span class=\"_ _5\"/>uding its subsidiar<span class=\"_ _6\"/>y in Vie<span class=\"_ _5\"/>tnam and its branch in Singapore; </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Subsidiaries in Mala<span class=\"_ _5\"/>ysia;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">A part o<span class=\"_ _5\"/>f business activities in resilience in F<span class=\"_ _5\"/>rance.<span class=\"_ _0\"/> </span>In \u20ac thousands<span class=\"_ _1f2\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022</span>Considera<span class=\"_ _5\"/>tion received,<span class=\"_ _b\"/> satisfied in cash<span class=\"_ _1f3\"> </span> 1<span class=\"_ _5\"/>3,771 Cash and cash equivalen<span class=\"_ _5\"/>ts disposed of <span class=\"_ _1f4\"> </span> (1<span class=\"_ _5\"/>2,987<span class=\"_ _6\"/>) Net cash in<span class=\"_ _5\"/>flows<span class=\"_ _1f5\"> </span><span class=\"ls144 ws189\"> 784<span class=\"_ _6\"/> </span>1 Resta<span class=\"_ _5\"/>ted in accor<span class=\"_ _5\"/>dance with IAS 8, see no<span class=\"_ _5\"/>te 3The t<span class=\"_ _5\"/>otal ne<span class=\"_ _5\"/>t asset<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ues of <span class=\"_ _5\"/>the investmen<span class=\"_ _5\"/>ts disposed are \u20ac44.6 million (mainly<span class=\"_ _5\"/> composed of<span class=\"_ _5\"/> contra<span class=\"_ _5\"/>ct assets of<span class=\"_ _5\"/> \u20ac31<span class=\"_ _b\"/>.5 million,<span class=\"_ _5\"/> tra<span class=\"_ _5\"/>de receivabl<span class=\"_ _5\"/>es of \u20ac1<span class=\"_ _0\"/>7<span class=\"_ _b\"/>.4 million and contra<span class=\"_ _5\"/>ct liabilities of<span class=\"_ _5\"/> \u20ac(1<span class=\"_ _5\"/>4.5) million).<span class=\"_ _5\"/> The net pr<span class=\"_ _5\"/>oceeds from sa<span class=\"_ _5\"/>le of<span class=\"_ _5\"/> inves<span class=\"_ _5\"/>tments are \u20ac1<span class=\"_ _b\"/>3.8 million and a loss on disposal o<span class=\"_ _5\"/>f subsidiaries amount<span class=\"_ _5\"/>ed to \u20ac30.9 million (non-opera<span class=\"_ _5\"/>ting).<span class=\"_ _5\"/> 2<span class=\"_ _6\"/>021In 202<span class=\"_ _b\"/>1 no acquisition was ma<span class=\"_ _5\"/>de,<span class=\"_ _b\"/> and no significant disposal t<span class=\"_ _5\"/>ook plac<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> Theref<span class=\"_ _b\"/>ore,<span class=\"_ _b\"/> no further disclosures are provided in <span class=\"_ _5\"/>this not<span class=\"_ _5\"/>e other <span class=\"_ _5\"/>than the changes in def<span class=\"_ _5\"/>erred consider<span class=\"_ _5\"/>ation f<span class=\"_ _5\"/>or ac<span class=\"_ _5\"/>quisitions previousl<span class=\"_ _b\"/>y made.<span class=\"_ _b\"/> Def<span class=\"_ _5\"/>erred consider<span class=\"_ _5\"/>ation and earn-outsThe contr<span class=\"_ _5\"/>actual def<span class=\"_ _5\"/>erred considera<span class=\"_ _5\"/>tion and earn-outs for<span class=\"_ _5\"/> acquisitions are discl<span class=\"_ _5\"/>osed below<span class=\"_ _b\"/>.Initial<span class=\"ls3 ws1\"> </span>Discount <span class=\"_ _1\"/><span class=\"ls3 ws1\"> </span>2022<span class=\"_ _6\"/><span class=\"ls3 ws1\"> </span>20<span class=\"_ _6\"/>21<span class=\"_ _6\"/><span class=\"ls3 ws1\"> </span>In \u20ac thousandsrecognitioneffec<span class=\"_ _6\"/>t/<span class=\"_ _6\"/>intere<span class=\"_ _6\"/>stTo<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>lTo<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>lBalance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _1f6\"> </span> 133<span class=\"_ _6\"/> <span class=\"_ _76\"> </span> 346 <span class=\"_ _76\"> </span><span class=\"lsf0 ws15c\"> 479 <span class=\"_ _de\"> </span><span class=\"ls6f ws13a\"> 4,8<span class=\"_ _6\"/>10 </span></span>Acquisitions<span class=\"_ _1f7\"> </span><span class=\"lsed ws109\">7,<span class=\"_ _7\"/>7<span class=\"_ _6\"/>9<span class=\"_ _7\"/>9<span class=\"_ _193\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _38\"> </span></span>7,<span class=\"_ _7\"/>7<span class=\"_ _7\"/>9<span class=\"_ _7\"/>9<span class=\"_ _ff\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> </span></span>Interest accr<span class=\"_ _6\"/>ual<span class=\"_ _1a1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _76\"> </span><span class=\"ls9d ws1\"> (560)</span></span>Releases<span class=\"_ _1a6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _49\"> </span></span> (2,341<span class=\"_ _5\"/>)Payments and r<span class=\"_ _5\"/>edemptions<span class=\"_ _1f8\"> </span><span class=\"ls2 ws14a\"> (38<span class=\"_ _6\"/>8)<span class=\"_ _54\"> </span></span> (346<span class=\"_ _6\"/>)<span class=\"_ _54\"> </span><span class=\"ls57 ws164\"> (<span class=\"_ _6\"/>73<span class=\"_ _6\"/>4)<span class=\"_ _d3\"> </span></span> (1,57<span class=\"_ _5\"/>6)Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _25\"> </span><span class=\"ls10c ws136\"> (<span class=\"_ _6\"/>423)<span class=\"_ _133\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _76\"> </span></span> (<span class=\"_ _6\"/>42<span class=\"_ _6\"/>3)<span class=\"_ _46\"> </span><span class=\"lsfb ws134\"> 14<span class=\"_ _6\"/>6<span class=\"_ _7\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _130\"> </span><span class=\"ls147 ws163\">7,<span class=\"_ _7\"/>12<span class=\"_ _6\"/>1<span class=\"_ _193\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _71\"> </span></span>7,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>2<span class=\"_ _6\"/>1<span class=\"_ _4f\"> </span><span class=\"lsf0 ws15c\"> 479<span class=\"_ _6\"/> </span></span>\u20ac3.1 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: nil) deferred c<span class=\"_ _5\"/>onsideration is r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ted as o<span class=\"_ _5\"/>ther long-<span class=\"_ _5\"/>term deb<span class=\"_ _5\"/>t under <span class=\"_ _0\"/>\u2018Loans and borrowings<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> (see note 30).<span class=\"_ _0\"/> An amount o<span class=\"_ _5\"/>f \u20ac4.0 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac0.5 million) is due within one y<span class=\"_ _5\"/>ear and reported as <span class=\"_ _b\"/>\u2018Other current<span class=\"_ _5\"/> liabilities\u2019<span class=\"_ _b\"/> (see not<span class=\"_ _5\"/>e 31<span class=\"_ _b\"/>).<span class=\"_ _5\"/> This rela<span class=\"_ _5\"/>tes t<span class=\"_ _5\"/>o after<span class=\"_ _5\"/> payments associa<span class=\"_ _b\"/>ted with:\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Contingen<span class=\"_ _5\"/>t considera<span class=\"_ _b\"/>tion liabilities assumed from acquiring IBI Gr<span class=\"_ _5\"/>oup: Hotspo<span class=\"_ _5\"/>t (2022<span class=\"_ _b\"/>),<span class=\"_ _5\"/> RL<span class=\"_ _5\"/>C (2022<span class=\"_ _5\"/>),<span class=\"_ _b\"/> </span>T<span class=\"_ _b\"/>eranis (202<span class=\"_ _b\"/>1),<span class=\"_ _0\"/> T<span class=\"_ _b\"/>elenium (202<span class=\"_ _b\"/>1),<span class=\"_ _0\"/> Peter\u2019s Ener<span class=\"_ _5\"/>gy (202<span class=\"_ _b\"/>1),<span class=\"_ _0\"/> Aspyr (201<span class=\"_ _b\"/>9); \u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Giftge Consul<span class=\"_ _b\"/>t GmbH f<span class=\"_ _5\"/>or \u20ac0.7 million; </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">W<span class=\"_ _b\"/>ater<span class=\"_ _5\"/> Platf<span class=\"_ _5\"/>orm Company<span class=\"_ _5\"/> for<span class=\"_ _5\"/> \u20ac0.5 million.<span class=\"_ _b\"/> </span>The paymen<span class=\"_ _5\"/>ts made in 2022 r<span class=\"_ _5\"/>elat<span class=\"_ _5\"/>e to SEAMS (2<span class=\"_ _5\"/>01<span class=\"_ _5\"/>8) f<span class=\"_ _5\"/>or \u20ac0.4 million and W<span class=\"_ _0\"/>ater<span class=\"_ _5\"/> Platf<span class=\"_ _5\"/>orm Company<span class=\"_ _5\"/> (2022<span class=\"_ _5\"/>) for<span class=\"_ _5\"/> \u20ac0.3 million.7 Re<span class=\"_ _5\"/>venueRev<span class=\"_ _5\"/>enue is recognized by<span class=\"_ _5\"/> the Group f<span class=\"_ _5\"/>ollowing <span class=\"_ _5\"/>the five-step model in IFRS 15,<span class=\"_ _b\"/> consisting o<span class=\"_ _5\"/>f:1<span class=\"_ _6\"/>. <span class=\"_\"> </span><span class=\"ff6 fc6 ls3f ws1\">identification o<span class=\"_ _5\"/>f the c<span class=\"_ _5\"/>ontract;</span>2<span class=\"_ _6\"/>. <span class=\"_\"> </span><span class=\"ff6 fc6 ls3f ws1\">identification o<span class=\"_ _5\"/>f the performanc<span class=\"_ _5\"/>e obligations in the c<span class=\"_ _5\"/>ontract;</span>3<span class=\"_ _6\"/>. <span class=\"_\"> </span><span class=\"ff6 fc6 ls3f ws1d\">determina<span class=\"_ _5\"/>tion of the tr<span class=\"_ _5\"/>ansaction <span class=\"_ _6\"/>price;</span>4<span class=\"_ _6\"/>. <span class=\"_\"> </span><span class=\"ff6 fc6 ls3f ws1\">alloca<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the transa<span class=\"_ _5\"/>ction price to performanc<span class=\"_ _5\"/>e obligations in the con<span class=\"_ _5\"/>tract,<span class=\"_ _b\"/> and</span>5<span class=\"_ _6\"/>. <span class=\"_\"> </span><span class=\"ff6 fc6 ls3f ws1\">recognition o<span class=\"_ _5\"/>f rev<span class=\"_ _5\"/>enue.</span>Rev<span class=\"_ _5\"/>enue is measured based on the considera<span class=\"_ _5\"/>tion specified in a contra<span class=\"_ _5\"/>ct with a customer<span class=\"_ _5\"/> and excl<span class=\"_ _5\"/>udes amounts collect<span class=\"_ _5\"/>ed on behalf<span class=\"_ _5\"/> of <span class=\"_ _5\"/>third parties (e.g.<span class=\"_ _b\"/> V<span class=\"_ _5\"/>A<span class=\"_ _b\"/>T<span class=\"_ _6\"/>).<span class=\"_ _b\"/> It includes initial amounts agr<span class=\"_ _5\"/>eed in the contra<span class=\"_ _5\"/>ct plus any <span class=\"_ _5\"/>variations in contra<span class=\"_ _5\"/>ct work<span class=\"_ _5\"/> and variable consider<span class=\"_ _5\"/>ation,<span class=\"_ _b\"/> to the e<span class=\"_ _5\"/>xtent<span class=\"_ _5\"/> that<span class=\"_ _5\"/> it is highly<span class=\"_ _5\"/> probabl<span class=\"_ _5\"/>y tha<span class=\"_ _5\"/>t its inclusion will no<span class=\"_ _5\"/>t resul<span class=\"_ _b\"/>t in a significant re<span class=\"_ _5\"/>venue reversa<span class=\"_ _5\"/>l in the future <span class=\"_ _5\"/>when the uncertainty has been subsequentl<span class=\"_ _b\"/>y resolv<span class=\"_ _5\"/>ed.The Group recogniz<span class=\"_ _5\"/>es revenue <span class=\"_ _5\"/>when it trans<span class=\"_ _5\"/>fers contr<span class=\"_ _5\"/>ol over a pr<span class=\"_ _5\"/>oduct or service to a cus<span class=\"_ _5\"/>tomer<span class=\"_ _0\"/>. F<span class=\"_ _b\"/>or per<span class=\"_ _6\"/>formance obligations <span class=\"_ _5\"/>that are <span class=\"_ _5\"/>transf<span class=\"_ _5\"/>erred over <span class=\"_ _5\"/>time,<span class=\"_ _b\"/> revenue is recogniz<span class=\"_ _5\"/>ed in profit or<span class=\"_ _5\"/> loss in proportion to <span class=\"_ _5\"/>the percentage o<span class=\"_ _5\"/>f completion o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>transaction at<span class=\"_ _5\"/> reporting date<span class=\"_ _5\"/>.<span class=\"_ _5\"/> The percen<span class=\"_ _5\"/>tage of c<span class=\"_ _5\"/>ompletion is measured by<span class=\"_ _5\"/> actual (labor) costs incurred in rela<span class=\"_ _5\"/>tion to <span class=\"_ _5\"/>tota<span class=\"_ _5\"/>l estimat<span class=\"_ _5\"/>ed (labor) costs (input me<span class=\"_ _5\"/>thod).<span class=\"_ _5\"/> In the Group<span class=\"_ _5\"/>\u2019s vie<span class=\"_ _5\"/>w this best<span class=\"_ _5\"/> reflects the v<span class=\"_ _5\"/>alue delivered <span class=\"_ _5\"/>to the cust<span class=\"_ _5\"/>omer in a business tha<span class=\"_ _5\"/>t mainl<span class=\"_ _5\"/>y uses human and int<span class=\"_ _5\"/>ellectual capital (o<span class=\"_ _5\"/>f its employ<span class=\"_ _5\"/>ees) for<span class=\"_ _5\"/> completion o<span class=\"_ _5\"/>f the performanc<span class=\"_ _5\"/>e obligations t<span class=\"_ _5\"/>owards <span class=\"_ _5\"/>the customer<span class=\"_ _0\"/>.Additional costs because o<span class=\"_ _5\"/>f CO<span class=\"_ _5\"/>VID-19 (e.g.<span class=\"_ _b\"/> additional labor cos<span class=\"_ _5\"/>t,<span class=\"_ _5\"/> cost incurr<span class=\"_ _5\"/>ed to compl<span class=\"_ _b\"/>y with ongoing heal<span class=\"_ _5\"/>th &amp; safe<span class=\"_ _5\"/>ty requirements) ar<span class=\"_ _5\"/>e included in the perc<span class=\"_ _5\"/>entage of<span class=\"_ _5\"/> completion onl<span class=\"_ _b\"/>y if they<span class=\"_ _5\"/> are needed to c<span class=\"_ _5\"/>ontribute <span class=\"_ _5\"/>to the measure o<span class=\"_ _5\"/>f progress o<span class=\"_ _5\"/>f a performance obliga<span class=\"_ _5\"/>tion.<span class=\"_ _5\"/> For<span class=\"_ _5\"/> performance obligations <span class=\"_ _5\"/>that are <span class=\"_ _5\"/>transf<span class=\"_ _5\"/>erred at<span class=\"_ _5\"/> a point in time<span class=\"_ _5\"/>,<span class=\"_ _5\"/> revenues and cos<span class=\"_ _5\"/>ts are recogniz<span class=\"_ _5\"/>ed in profit or<span class=\"_ _5\"/> loss when the cust<span class=\"_ _5\"/>omer receiv<span class=\"_ _5\"/>es the ability t<span class=\"_ _5\"/>o direct the use o<span class=\"_ _5\"/>f the asse<span class=\"_ _5\"/>t and substantia<span class=\"_ _5\"/>lly<span class=\"_ _5\"/> obtains all <span class=\"_ _5\"/>the benefits of it.Licenses and Softwar<span class=\"_ _5\"/>e as a ServiceRev<span class=\"_ _5\"/>enue from (softwar<span class=\"_ _5\"/>e) licenses is recognized o<span class=\"_ _5\"/>ver time<span class=\"_ _5\"/>,<span class=\"_ _5\"/> based on time elapsed,<span class=\"_ _b\"/> in case of a <span class=\"_ _b\"/>\u2018right <span class=\"_ _5\"/>to ac<span class=\"_ _5\"/>cess\u2019<span class=\"_ _0\"/>.<span class=\"_ _b\"/> It is recognized a<span class=\"_ _5\"/>t a point<span class=\"_ _5\"/> in time in case of<span class=\"_ _5\"/> a <span class=\"_ _5\"/>\u2018right<span class=\"_ _5\"/> to use<span class=\"_ _5\"/>\u2019<span class=\"_ _0\"/>,<span class=\"_ _5\"/> but not<span class=\"_ _5\"/> befor<span class=\"_ _5\"/>e the beginning of<span class=\"_ _5\"/> the license period.<span class=\"_ _b\"/> Revenue fr<span class=\"_ _5\"/>om Software as a Service (SaaS) is <span class=\"_ _5\"/>treat<span class=\"_ _5\"/>ed as a right t<span class=\"_ _5\"/>o access and is r<span class=\"_ _5\"/>ecognized over<span class=\"_ _5\"/> time,<span class=\"_ _b\"/> based on time elapsed.Contr<span class=\"_ _5\"/>act costs and con<span class=\"_ _5\"/>tract cost<span class=\"_ _5\"/> assetsContr<span class=\"_ _5\"/>act costs include <span class=\"_ _5\"/>the costs t<span class=\"_ _5\"/>o ful<span class=\"_ _5\"/>fil a contract,<span class=\"_ _b\"/> such as direct labor<span class=\"_ _b\"/>,<span class=\"_ _5\"/> costs o<span class=\"_ _5\"/>f mat<span class=\"_ _5\"/>erials,<span class=\"_ _b\"/> ser<span class=\"_ _6\"/>vices of <span class=\"_ _5\"/>third parties and subcontra<span class=\"_ _5\"/>ctors,<span class=\"_ _b\"/> and costs that<span class=\"_ _5\"/> are explicitl<span class=\"_ _5\"/>y chargeable <span class=\"_ _5\"/>to the cus<span class=\"_ _5\"/>tomer under<span class=\"_ _5\"/> the contra<span class=\"_ _5\"/>ct.<span class=\"_ _5\"/> They ar<span class=\"_ _5\"/>e recognized as an asset in C<span class=\"_ _5\"/>ontract asse<span class=\"_ _5\"/>ts and liabilities,<span class=\"_ _5\"/> if they<span class=\"_ _5\"/> are expected <span class=\"_ _5\"/>to be reco<span class=\"_ _5\"/>vered.Costs <span class=\"_ _5\"/>to obtain a c<span class=\"_ _5\"/>ontract ar<span class=\"_ _5\"/>e only r<span class=\"_ _5\"/>ecognized as a con<span class=\"_ _5\"/>tract cost<span class=\"_ _5\"/> asset in Con<span class=\"_ _5\"/>tract assets and liabilities if<span class=\"_ _5\"/> they ar<span class=\"_ _5\"/>e incremental and e<span class=\"_ _5\"/>xpected t<span class=\"_ _5\"/>o be recover<span class=\"_ _5\"/>ed.<span class=\"_ _5\"/> They<span class=\"_ _5\"/> are recognized on a s<span class=\"_ _5\"/>ystemic basis c<span class=\"_ _5\"/>onsistent<span class=\"_ _5\"/> with the rec<span class=\"_ _5\"/>ognition of costs t<span class=\"_ _5\"/>o fulfill a contract.Loss pro<span class=\"_ _5\"/>visionsEstimat<span class=\"_ _5\"/>es of<span class=\"_ _5\"/> project management<span class=\"_ _5\"/> are used to assess <span class=\"_ _5\"/>the progress and estima<span class=\"_ _5\"/>ted out<span class=\"_ _5\"/>come of<span class=\"_ _5\"/> a per<span class=\"_ _6\"/>formance obliga<span class=\"_ _5\"/>tion.<span class=\"_ _b\"/> When it becomes pr<span class=\"_ _5\"/>obable that<span class=\"_ _5\"/> the t<span class=\"_ _5\"/>otal e<span class=\"_ _5\"/>xpected costs t<span class=\"_ _5\"/>o complet<span class=\"_ _5\"/>e all performanc<span class=\"_ _5\"/>e obligations in a contr<span class=\"_ _5\"/>act exc<span class=\"_ _5\"/>eed the t<span class=\"_ _5\"/>otal tr<span class=\"_ _5\"/>ansaction price (considera<span class=\"_ _5\"/>tion) of <span class=\"_ _5\"/>these performance obligations,<span class=\"_ _b\"/> a loss provision is r<span class=\"_ _5\"/>ecognized f<span class=\"_ _5\"/>or the lo<span class=\"_ _5\"/>wer of<span class=\"_ _5\"/> the unavoidabl<span class=\"_ _5\"/>e costs and the c<span class=\"_ _5\"/>osts of <span class=\"_ _5\"/>termina<span class=\"_ _5\"/>tion.Financing componentArcadis genera<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y does not ha<span class=\"_ _5\"/>ve any<span class=\"_ _5\"/> significant contr<span class=\"_ _5\"/>acts where the period betw<span class=\"_ _5\"/>een the trans<span class=\"_ _5\"/>fer o<span class=\"_ _5\"/>f the pr<span class=\"_ _5\"/>omised goods or services t<span class=\"_ _5\"/>o customer<span class=\"_ _5\"/> and the payment<span class=\"_ _5\"/> by the cus<span class=\"_ _5\"/>tomer<span class=\"_ _0\"/>,<span class=\"_ _5\"/> as contractual<span class=\"_ _5\"/>ly a<span class=\"_ _5\"/>greed,<span class=\"_ _b\"/> exceeds one y<span class=\"_ _5\"/>ear<span class=\"_ _b\"/>.<span class=\"_ _5\"/> If applicable,<span class=\"_ _0\"/> the transaction price is adjus<span class=\"_ _5\"/>ted f<span class=\"_ _5\"/>or the <span class=\"_ _5\"/>time val<span class=\"_ _5\"/>ue of money<span class=\"_ _b\"/>.<span class=\"_ _b\"/> Payments of<span class=\"_ _5\"/> customers aft<span class=\"_ _5\"/>er the agr<span class=\"_ _5\"/>eed payment<span class=\"_ _5\"/> term are cover<span class=\"_ _5\"/>ed by the a<span class=\"_ _5\"/>ccounting policy on <span class=\"_ _5\"/>T<span class=\"_ _5\"/>rade rec<span class=\"_ _5\"/>eivables,<span class=\"_ _b\"/> see note 21.Agent v<span class=\"_ _5\"/>ersus principalFor<span class=\"_ _5\"/> each performance obliga<span class=\"_ _5\"/>tion the Group assesses whether<span class=\"_ _5\"/> the natur<span class=\"_ _5\"/>e of <span class=\"_ _5\"/>Arcadis\u2019<span class=\"_ _b\"/> commitment is <span class=\"_ _5\"/>to pro<span class=\"_ _5\"/>vide the goods and/<span class=\"_ _5\"/>or services itself<span class=\"_ _b\"/>,<span class=\"_ _5\"/> or t<span class=\"_ _5\"/>o arrange f<span class=\"_ _5\"/>or those good(s) and/<span class=\"_ _b\"/>or ser<span class=\"_ _6\"/>vice(s) t<span class=\"_ _5\"/>o be provided by<span class=\"_ _5\"/> another party<span class=\"_ _b\"/>. <span class=\"_ _5\"/>Arcadis assesses whether<span class=\"_ _5\"/> it contr<span class=\"_ _5\"/>ols the specified good(s) and/or<span class=\"_ _5\"/> service(s) before it<span class=\"_ _5\"/> is transf<span class=\"_ _5\"/>erred t<span class=\"_ _5\"/>o the cust<span class=\"_ _5\"/>omer<span class=\"_ _b\"/>.Arcadis is <span class=\"_ _5\"/>typicall<span class=\"_ _5\"/>y a principal in case o<span class=\"_ _5\"/>f subcontra<span class=\"_ _5\"/>cted work,<span class=\"_ _b\"/> as Arcadis is primaril<span class=\"_ _5\"/>y responsible <span class=\"_ _5\"/>for <span class=\"_ _5\"/>fulfilling the pr<span class=\"_ _5\"/>omise to pro<span class=\"_ _5\"/>vide the specified good(s) and/<span class=\"_ _5\"/>or service(s) and bears primary responsibility f<span class=\"_ _5\"/>or it meeting cus<span class=\"_ _5\"/>tomer specifications and has discretion in es<span class=\"_ _5\"/>tablishing the price t<span class=\"_ _5\"/>owar<span class=\"_ _5\"/>ds the customer<span class=\"_ _0\"/>.<span class=\"_ _5\"/> When Ar<span class=\"_ _5\"/>cadis acts as an agent,<span class=\"_ _b\"/> only<span class=\"_ _5\"/> the f<span class=\"_ _5\"/>ee/<span class=\"_ _5\"/>commission is recognized on a ne<span class=\"_ _5\"/>t basis in Gross re<span class=\"_ _5\"/>venues.Gross v<span class=\"_ _5\"/>ersus net rev<span class=\"_ _5\"/>enuesGross rev<span class=\"_ _5\"/>enues consist o<span class=\"_ _5\"/>f ext<span class=\"_ _5\"/>ernal rev<span class=\"_ _5\"/>enues net of<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue-added tax, r<span class=\"_ _5\"/>ebates and disc<span class=\"_ _5\"/>ounts and after<span class=\"_ _5\"/> eliminating sales within the Group<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Net re<span class=\"_ _5\"/>venue is a non-GAAP per<span class=\"_ _6\"/>formance measur<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> which represents re<span class=\"_ _5\"/>venue genera<span class=\"_ _5\"/>ted by o<span class=\"_ _5\"/>wn staff<span class=\"_ _b\"/>. It is a sub-t<span class=\"_ _5\"/>otal cal<span class=\"_ _5\"/>culated as Gr<span class=\"_ _5\"/>oss revenue minus Ma<span class=\"_ _5\"/>terials,<span class=\"_ _b\"/> services of thir<span class=\"_ _5\"/>d parties and subcontractors,<span class=\"_ _b\"/> which are project-rela<span class=\"_ _5\"/>ted cos<span class=\"_ _5\"/>ts of ma<span class=\"_ _5\"/>terials and services charged b<span class=\"_ _5\"/>y third parties,<span class=\"_ _b\"/> including cost o<span class=\"_ _5\"/>f subcontr<span class=\"_ _5\"/>actors.Disaggrega<span class=\"_ _b\"/>tion of re<span class=\"_ _5\"/>venuesGross re<span class=\"_ _5\"/>venues arise from <span class=\"_ _5\"/>the f<span class=\"_ _5\"/>ollowing major ca<span class=\"_ _5\"/>tegories:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Rev<span class=\"_ _5\"/>enue from ser<span class=\"_ _6\"/>vices<span class=\"_ _1f9\"> </span><span class=\"ws1\"> 3,50<span class=\"_ _6\"/>9,389<span class=\"_ _6\"/> <span class=\"_ _a8\"> </span> 2,8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>4,695<span class=\"_ _6\"/> </span>Construction con<span class=\"_ _5\"/>tract rev<span class=\"_ _5\"/>enue<span class=\"_ _1fa\"> </span><span class=\"lsee ws11e\"> 513<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>8<span class=\"_ _7\"/>0<span class=\"_ _6\"/> <span class=\"_ _de\"> </span></span> 572,776 Rev<span class=\"_ _5\"/>enue from licenses<span class=\"_ _1ed\"> </span><span class=\"ws1\"> 5,96<span class=\"_ _6\"/>6 <span class=\"_ _4f\"> </span><span class=\"ls10f ws129\"> 1,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>15<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal Gross R<span class=\"_ _5\"/>evenue<span class=\"_ _1ce\"> </span> 4,028<span class=\"_ _6\"/>,935<span class=\"_ _6\"/> <span class=\"_ _a8\"> </span> 3,378,4<span class=\"_ _6\"/>86<span class=\"_ _6\"/> Rev<span class=\"_ _5\"/>enues from services rendered r<span class=\"_ _5\"/>epresent<span class=\"_ _5\"/> fee inc<span class=\"_ _5\"/>ome receivabl<span class=\"_ _5\"/>e in respect of<span class=\"_ _5\"/> services provided during the period.<span class=\"_ _b\"/> Construction contr<span class=\"_ _5\"/>acts include the rendering o<span class=\"_ _5\"/>f services,<span class=\"_ _b\"/> which are directl<span class=\"_ _5\"/>y rela<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the construction of<span class=\"_ _5\"/> assets,<span class=\"_ _b\"/> contra<span class=\"_ _5\"/>cts for <span class=\"_ _5\"/>the destruction or res<span class=\"_ _5\"/>tora<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> assets,<span class=\"_ _b\"/> and the rest<span class=\"_ _5\"/>ora<span class=\"_ _5\"/>tion of <span class=\"_ _5\"/>the environment following <span class=\"_ _5\"/>the demolition of asse<span class=\"_ _5\"/>ts.<span class=\"_ _b\"/> Revenues fr<span class=\"_ _5\"/>om licenses represen<span class=\"_ _5\"/>t f<span class=\"_ _5\"/>ee income receiv<span class=\"_ _5\"/>able in respect o<span class=\"_ _5\"/>f all<span class=\"_ _5\"/>owing cust<span class=\"_ _5\"/>omers using Arcadis de<span class=\"_ _5\"/>veloped so<span class=\"_ _5\"/>ftware,<span class=\"_ _b\"/> and mainl<span class=\"_ _5\"/>y rela<span class=\"_ _5\"/>te t<span class=\"_ _5\"/>o the opera<span class=\"_ _b\"/>ting segment Int<span class=\"_ _5\"/>elligence.Timing of<span class=\"_ _5\"/> rev<span class=\"_ _5\"/>enue recognitionThe timing o<span class=\"_ _5\"/>f rev<span class=\"_ _5\"/>enue recognition in 20<span class=\"_ _5\"/>22 was as <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>ows:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0At<span class=\"_ _5\"/> a point in time<span class=\"_ _1d4\"> </span><span class=\"lsf9 ws178\"> 120<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>9<span class=\"_ _6\"/>8<span class=\"_ _7\"/> <span class=\"_ _18a\"> </span><span class=\"ls10f ws129\"> 9<span class=\"_ _7\"/>8<span class=\"_ _6\"/>,<span class=\"_ _6\"/>915<span class=\"_ _7\"/> </span></span>Over time<span class=\"_ _ee\"> </span><span class=\"ws1\"> 3,9<span class=\"_ _6\"/>07<span class=\"_ _b\"/>,937 <span class=\"_ _d2\"> </span> 3,279<span class=\"_ _5\"/>,571 </span>T<span class=\"_ _b\"/>otal Gross re<span class=\"_ _5\"/>venue<span class=\"_ _1fb\"> </span><span class=\"wsac\">4,02<span class=\"_ _6\"/>8,935<span class=\"_ _a5\"> </span>3<span class=\"_ _6\"/>,378,4<span class=\"_ _6\"/>86</span>Con<span class=\"_ _5\"/>tract balanc<span class=\"_ _5\"/>esThe Group has rec<span class=\"_ _5\"/>ognized the f<span class=\"_ _b\"/>ollowing assets and liabilities r<span class=\"_ _5\"/>elat<span class=\"_ _5\"/>ed to c<span class=\"_ _5\"/>ontracts with cus<span class=\"_ _5\"/>tomers:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Other non-current<span class=\"_ _5\"/> assets<span class=\"_ _1fc\"> </span><span class=\"lsef ws11c\"> 1,6<span class=\"_ _6\"/>33<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span><span class=\"lsec ws112\"> 2,10<span class=\"_ _7\"/>4 </span></span>T<span class=\"_ _b\"/>rade receivables<span class=\"_ _1e5\"> </span><span class=\"lsed ws163\"> 74<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>3<span class=\"_ _7\"/>9<span class=\"_ _7\"/>2<span class=\"_ _7\"/> <span class=\"_ _de\"> </span><span class=\"lsef ws11c\"> 521,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>55<span class=\"_ _6\"/> </span></span>Contr<span class=\"_ _5\"/>act assets (Unbilled r<span class=\"_ _5\"/>eceivables)<span class=\"_ _148\"> </span><span class=\"ls6f ws13a\"> 6<span class=\"_ _6\"/>4<span class=\"_ _7\"/>4,8<span class=\"_ _6\"/>59 <span class=\"_ _db\"> </span><span class=\"ls3e ws132\"> 50<span class=\"_ _7\"/>0,26<span class=\"_ _6\"/>8<span class=\"_ _6\"/> </span></span>Contr<span class=\"_ _5\"/>act liabilities (Billing in ex<span class=\"_ _5\"/>cess of r<span class=\"_ _5\"/>evenue)<span class=\"_ _12\"> </span> (481<span class=\"_ _5\"/>,872)<span class=\"_ _a6\"> </span> (3<span class=\"_ _6\"/>80<span class=\"_ _6\"/>,787)Provision <span class=\"_ _5\"/>for onerous c<span class=\"_ _5\"/>ontracts (loss pro<span class=\"_ _5\"/>visions)<span class=\"_ _1fd\"> </span> (24,228)<span class=\"_ _49\"> </span> (26,092)To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1fe\"> </span><span class=\"ls147 ws172\"> 8<span class=\"_ _7\"/>8<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>7<span class=\"_ _6\"/>8<span class=\"_ _7\"/>4<span class=\"_ _7\"/> <span class=\"_ _de\"> </span> 6<span class=\"_ _6\"/>1<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>3<span class=\"_ _6\"/>4<span class=\"_ _7\"/>8<span class=\"_ _7\"/> </span>The Other non-current<span class=\"_ _5\"/> assets rela<span class=\"_ _5\"/>te t<span class=\"_ _b\"/>o long-term r<span class=\"_ _5\"/>eten<span class=\"_ _5\"/>tions.<span class=\"_ _5\"/> The Expected Cr<span class=\"_ _5\"/>edit Loss a<span class=\"_ _5\"/>llow<span class=\"_ _5\"/>ance is included in the C<span class=\"_ _5\"/>ontract asse<span class=\"_ _5\"/>ts (unbilled rec<span class=\"_ _5\"/>eivables) balanc<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> see note 2<span class=\"_ _5\"/>2.Contrac<span class=\"_ _6\"/>t cost<span class=\"_ _6\"/>sThe incrementa<span class=\"_ _5\"/>l costs t<span class=\"_ _5\"/>o obtain a c<span class=\"_ _5\"/>ontract amoun<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to nil in 202<span class=\"_ _5\"/>2 and 202<span class=\"_ _5\"/>1.<span class=\"_ _0\"/> The practical expedien<span class=\"_ _5\"/>t of paragr<span class=\"_ _5\"/>aph 94 of IFRS 1<span class=\"_ _b\"/>5,<span class=\"_ _5\"/> stating <span class=\"_ _5\"/>that <span class=\"_ _5\"/>those costs can be e<span class=\"_ _5\"/>xpensed when incurred if <span class=\"_ _5\"/>the amortization period is one year<span class=\"_ _5\"/> or less,<span class=\"_ _0\"/> is not applied.T<span class=\"_ _b\"/>ransaction price remaining performanc<span class=\"_ _5\"/>e obligationsThe table bel<span class=\"_ _5\"/>ow includes r<span class=\"_ _5\"/>evenue expect<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o be recognized in <span class=\"_ _5\"/>the future rela<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to performance obliga<span class=\"_ _b\"/>tions<span class=\"_ _6\"/> that<span class=\"_ _5\"/> are (partiall<span class=\"_ _5\"/>y) unsatisfied a<span class=\"_ _5\"/>t the r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The practical e<span class=\"_ _5\"/>xpedient o<span class=\"_ _5\"/>f para<span class=\"_ _5\"/>graph 1<span class=\"_ _b\"/>21 of<span class=\"_ _5\"/> IFRS 1<span class=\"_ _5\"/>5 is applied,<span class=\"_ _b\"/> and the table ther<span class=\"_ _5\"/>efor<span class=\"_ _5\"/>e does not discl<span class=\"_ _5\"/>ose informa<span class=\"_ _b\"/>tion about remaining performance obliga<span class=\"_ _5\"/>tions that hav<span class=\"_ _5\"/>e original expected dur<span class=\"_ _5\"/>ation o<span class=\"_ _5\"/>f one year<span class=\"_ _5\"/> or less.<span class=\"_ _0\"/> The amounts there<span class=\"_ _5\"/>fore diff<span class=\"_ _5\"/>er fr<span class=\"_ _5\"/>om the contr<span class=\"_ _5\"/>acted backl<span class=\"_ _5\"/>og.<span class=\"_ _5\"/><span class=\"ls3\"> </span>In \u20ac thousands<span class=\"_ _1ff\"> </span>2023<span class=\"_ _df\"> </span><span class=\"lscd wse4\">2<span class=\"_ _6\"/>024<span class=\"_ _e5\"> </span></span>2025<span class=\"_ _200\"> </span><span class=\"lsef ws43\">After 2<span class=\"_ _6\"/>025<span class=\"_ _df\"> </span><span class=\"ff1 fc1 ls163 ws193\">To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l</span></span>Expected Gross re<span class=\"_ _5\"/>venue from (partiall<span class=\"_ _b\"/>y) unsatisfied<span class=\"_ _6\"/> performance obligations<span class=\"_ _14\"> </span> 1,431,2<span class=\"_ _6\"/>9<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _cb\"> </span> 727,627<span class=\"_ _6\"/> <span class=\"_ _201\"> </span> 230,5<span class=\"_ _5\"/>73 <span class=\"_ _14b\"> </span><span class=\"ls9d ws1\"> 252,89<span class=\"_ _6\"/>9 <span class=\"_ _202\"> </span><span class=\"lsf6 ws10f\"> 2,6<span class=\"_ _6\"/>42,398 </span></span>8 <span class=\"_ _10e\"> </span>Other income (e<span class=\"_ _5\"/>xpense)Other income (e<span class=\"_ _5\"/>xpense) includes resul<span class=\"_ _5\"/>ts that<span class=\"_ _5\"/> arise from even<span class=\"_ _5\"/>ts or transa<span class=\"_ _5\"/>ctions that ar<span class=\"_ _5\"/>e clearly<span class=\"_ _5\"/> distinct from <span class=\"_ _5\"/>the ordinary activities of<span class=\"_ _5\"/> the Company<span class=\"_ _b\"/>.<span class=\"_ _b\"/> Gains or losses on the sale o<span class=\"_ _5\"/>f assets ar<span class=\"_ _5\"/>e recognized as part of<span class=\"_ _5\"/> Other income (expense).In \u20ac thousands<span class=\"_ _1e6\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Gain/ (loss) on divestmen<span class=\"_ _5\"/>ts<span class=\"_ _187\"> </span> (30,894)<span class=\"_ _13d\"> </span><span class=\"ls14a ws137\"> - </span>Gain/ (loss) on derecognition o<span class=\"_ _5\"/>f leases<span class=\"_ _113\"> </span><span class=\"ls3 ws137\"> 30<span class=\"_ _5\"/>1 <span class=\"_ _4f\"> </span><span class=\"lsef ws11c\"> 1,8<span class=\"_ _6\"/>10<span class=\"_ _6\"/> </span></span>Gain/ (loss) on sale o<span class=\"_ _5\"/>f assets<span class=\"_ _203\"> </span><span class=\"ls3e ws132\"> 268<span class=\"_ _6\"/> <span class=\"_ _76\"> </span><span class=\"ls12d ws116\"> (1,<span class=\"_ _6\"/>53<span class=\"_ _6\"/>5<span class=\"_ _6\"/>)</span></span>Resul<span class=\"_ _5\"/>ts from investments<span class=\"_ _1f1\"> </span><span class=\"ws1\"> (18<span class=\"_ _6\"/>0)<span class=\"_ _58\"> </span><span class=\"ls57 ws164\"> (6<span class=\"_ _6\"/>4)</span></span>Sub-leasing income<span class=\"_ _1dc\"> </span><span class=\"lsee ws11e\">  13<span class=\"_ _7\"/>9<span class=\"_ _6\"/> <span class=\"_ _9\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - </span></span>Release o<span class=\"_ _5\"/>f after<span class=\"_ _5\"/>-payments<span class=\"_ _204\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _205\"> </span><span class=\"ls3\"> 2,340 </span></span>Other<span class=\"_ _7a\"> </span><span class=\"ls10e ws111\"> 11,<span class=\"_ _7\"/>0<span class=\"_ _7\"/>6<span class=\"_ _6\"/>3<span class=\"_ _7\"/> <span class=\"_ _1ae\"> </span><span class=\"lsed ws163\"> 7,<span class=\"_ _7\"/>1<span class=\"_ _6\"/>4<span class=\"_ _7\"/>6<span class=\"_ _7\"/> </span></span>T<span class=\"_ _b\"/>otal Other inc<span class=\"_ _5\"/>ome/ (expense)<span class=\"_ _206\"> </span> (19,303)<span class=\"_ _1ae\"> </span><span class=\"ls144 ws16f\">9,6<span class=\"_ _6\"/>97</span>The net l<span class=\"_ _5\"/>oss on divestments o<span class=\"_ _5\"/>f \u20ac30.9 million is rela<span class=\"_ _b\"/>ted t<span class=\"_ _5\"/>o the gains and losses rec<span class=\"_ _5\"/>ognized on the disposal o<span class=\"_ _b\"/>f consolida<span class=\"_ _5\"/>ted entities in 20<span class=\"_ _5\"/>22 (see not<span class=\"_ _5\"/>e 6).<span class=\"_ _b\"/> No divestments o<span class=\"_ _5\"/>f consolida<span class=\"_ _5\"/>ted entities oc<span class=\"_ _5\"/>curred in 202<span class=\"_ _b\"/>1.<span class=\"_ _b\"/> The cat<span class=\"_ _5\"/>egory <span class=\"_ _b\"/>\u2018Other<span class=\"_ _6\"/>\u2019<span class=\"_ _b\"/> in 2022 included amongst<span class=\"_ _5\"/> others gov<span class=\"_ _5\"/>ernment gran<span class=\"_ _5\"/>ts mainly<span class=\"_ _5\"/> in China of<span class=\"_ _5\"/> \u20ac2.7 million (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _5\"/>.5 million),<span class=\"_ _b\"/> settlement<span class=\"_ _5\"/> agreemen<span class=\"_ _5\"/>ts relating <span class=\"_ _5\"/>to tr<span class=\"_ _5\"/>ansfer<span class=\"_ _5\"/> of<span class=\"_ _5\"/> staff t<span class=\"_ _b\"/>o a competitor<span class=\"_ _5\"/> of \u20ac3.6 mil<span class=\"_ _5\"/>lion and sever<span class=\"_ _5\"/>al other<span class=\"_ _5\"/> individuall<span class=\"_ _5\"/>y non-significant<span class=\"_ _5\"/> items.<span class=\"_ _b\"/> The 202<span class=\"_ _b\"/>1 result<span class=\"_ _5\"/> was impact<span class=\"_ _5\"/>ed by amongs<span class=\"_ _5\"/>t others r<span class=\"_ _5\"/>efunds of social charges paid on se<span class=\"_ _5\"/>verance pa<span class=\"_ _5\"/>yments made in <span class=\"_ _5\"/>the past o<span class=\"_ _5\"/>f \u20ac1<span class=\"_ _5\"/>.0 million,<span class=\"_ _b\"/> other <span class=\"_ _5\"/>tax refunds o<span class=\"_ _5\"/>f \u20ac1<span class=\"_ _5\"/>.4 million and sever<span class=\"_ _5\"/>al other<span class=\"_ _5\"/> individuall<span class=\"_ _5\"/>y non-significant<span class=\"_ _5\"/> items.9 <span class=\"_ _10e\"> </span>Personnel and o<span class=\"_ _5\"/>ther opera<span class=\"_ _b\"/>tional costsAll employ<span class=\"_ _5\"/>ee-related c<span class=\"_ _5\"/>osts as wel<span class=\"_ _5\"/>l as non-project-relat<span class=\"_ _5\"/>ed out-of<span class=\"_ _5\"/>-pocket e<span class=\"_ _5\"/>xpenses and relat<span class=\"_ _5\"/>ed restructuring costs,<span class=\"_ _b\"/> are recognized as oper<span class=\"_ _5\"/>ational c<span class=\"_ _5\"/>ost as incurred.Operationa<span class=\"_ _5\"/>l costs include<span class=\"_ _5\"/>,<span class=\"_ _5\"/> amongst o<span class=\"_ _5\"/>thers,<span class=\"_ _5\"/> the costs o<span class=\"_ _5\"/>f licenses,<span class=\"_ _b\"/> tes<span class=\"_ _5\"/>ting,<span class=\"_ _5\"/> data con<span class=\"_ _5\"/>versation and tr<span class=\"_ _5\"/>aining costs rela<span class=\"_ _5\"/>ting to Cloud computing arrangemen<span class=\"_ _5\"/>ts that<span class=\"_ _5\"/> do not pr<span class=\"_ _5\"/>ovide control o<span class=\"_ _5\"/>ver an intangibl<span class=\"_ _5\"/>e asset.<span class=\"_ _5\"/> Part of <span class=\"_ _5\"/>these costs could be personnel costs if<span class=\"_ _5\"/> the activities are performed by<span class=\"_ _5\"/> Arcadis<span class=\"_ _5\"/>\u2019<span class=\"_ _5\"/> personnel.In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Salaries and wages<span class=\"_ _1a2\"> </span><span class=\"ws1\"> 1,854,014 <span class=\"_ _c3\"> </span><span class=\"lsef ws11c\"> 1,5<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,47<span class=\"_ _6\"/>3<span class=\"_ _6\"/> </span></span>Social charges<span class=\"_ _103\"> </span><span class=\"lsef ws11c\"> 2<span class=\"_ _6\"/>03<span class=\"_ _6\"/>,47<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _de\"> </span><span class=\"lsf5 ws117\"> 170<span class=\"_ _6\"/>,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>6<span class=\"_ _6\"/>5<span class=\"_ _7\"/> </span></span>Pension and earl<span class=\"_ _5\"/>y retir<span class=\"_ _5\"/>ement charges<span class=\"_ _207\"> </span><span class=\"ls119 ws17c\"> 86<span class=\"_ _6\"/>,857<span class=\"_ _6\"/> <span class=\"_ _13e\"> </span><span class=\"lsf7 ws17f\"> 74<span class=\"_ _7\"/>,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>8<span class=\"_ _6\"/>1<span class=\"_ _7\"/> </span></span>Other personnel cos<span class=\"_ _5\"/>ts (including tempor<span class=\"_ _5\"/>ar<span class=\"_ _6\"/>y labor)<span class=\"_ _10\"> </span><span class=\"lsfc ws11b\"> 218<span class=\"_ _6\"/>,<span class=\"_ _6\"/>78<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _194\"> </span><span class=\"lsf5 ws117\"> 170<span class=\"_ _7\"/>,4<span class=\"_ _6\"/>12<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal Personnel c<span class=\"_ _5\"/>osts<span class=\"_ _203\"> </span><span class=\"wsac\">2<span class=\"_ _6\"/>,363<span class=\"_ _6\"/>,129<span class=\"_ _e4\"> </span>1,995,931</span>1 Resta<span class=\"_ _5\"/>ted in accor<span class=\"_ _5\"/>dance with IAS 8, see no<span class=\"_ _5\"/>te 3In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Comput<span class=\"_ _5\"/>er relat<span class=\"_ _5\"/>ed<span class=\"_ _1a7\"> </span><span class=\"lsed ws163\"> 9<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>1<span class=\"_ _6\"/>4<span class=\"_ _7\"/> <span class=\"_ _18a\"> </span><span class=\"ls164 ws197\"> 91<span class=\"_ _b\"/>,906 </span></span>Audit and consul<span class=\"_ _b\"/>tanc<span class=\"_ _6\"/>y services<span class=\"_ _208\"> </span><span class=\"ls12d ws116\"> 61,0<span class=\"_ _6\"/>3<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _38\"> </span><span class=\"lsed ws163\"> 4<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>2<span class=\"_ _6\"/>7<span class=\"_ _7\"/>3<span class=\"_ _7\"/> </span></span>Occupancy<span class=\"_ _1ca\"> </span><span class=\"ls3 ws137\"> 30,<span class=\"_ _5\"/>31<span class=\"_ _b\"/>7 <span class=\"_ _18a\"> </span><span class=\"lsf0 ws15c\"> 24<span class=\"_ _6\"/>,6<span class=\"_ _7\"/>86<span class=\"_ _6\"/> </span></span>T<span class=\"_ _5\"/>ravel<span class=\"_ _1ef\"> </span><span class=\"lsef ws11c\"> 23<span class=\"_ _6\"/>,47<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span><span class=\"lsec ws112\"> 10<span class=\"_ _6\"/>,6<span class=\"_ _7\"/>43 </span></span>Insurances<span class=\"_ _209\"> </span><span class=\"lsed ws163\"> 17,<span class=\"_ _7\"/>3<span class=\"_ _7\"/>2<span class=\"_ _6\"/>7<span class=\"_ _7\"/> <span class=\"_ _38\"> </span><span class=\"ls10e ws111\"> 11,<span class=\"_ _7\"/>4<span class=\"_ _6\"/>3<span class=\"_ _6\"/>2<span class=\"_ _7\"/> </span></span>Office relat<span class=\"_ _5\"/>ed<span class=\"_ _20a\"> </span><span class=\"lsfb ws134\"> 14<span class=\"_ _6\"/>,<span class=\"_ _6\"/>19<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _13e\"> </span><span class=\"lsee ws11e\"> 14<span class=\"_ _7\"/>,13<span class=\"_ _6\"/>1<span class=\"_ _6\"/> </span></span>Marketing and a<span class=\"_ _5\"/>dvertising<span class=\"_ _203\"> </span> 9,477 <span class=\"_ _8d\"> </span><span class=\"ls13b ws198\"> 7<span class=\"_ _0\"/>,080 </span>Other<span class=\"_ _1e3\"> </span><span class=\"ls127 ws184\"> 4<span class=\"_ _6\"/>4,73<span class=\"_ _6\"/>6 <span class=\"_ _a0\"> </span></span><span class=\"ws1\"> 33,251 </span>T<span class=\"_ _b\"/>otal Other oper<span class=\"_ _5\"/>ational cos<span class=\"_ _5\"/>ts<span class=\"_ _208\"> </span><span class=\"ls147 ws163\">2<span class=\"_ _6\"/>9<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>7<span class=\"_ _7\"/>7<span class=\"_ _29\"> </span><span class=\"ls165 ws194\">2<span class=\"_ _5\"/>40,<span class=\"_ _5\"/>402</span></span>The cat<span class=\"_ _5\"/>egory <span class=\"_ _b\"/>\u2018<span class=\"_ _b\"/>Audit and consul<span class=\"_ _5\"/>tancy costs<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> amounts to \u20ac6<span class=\"_ _b\"/>1 million,<span class=\"_ _b\"/> expense (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac47<span class=\"_ _0\"/>.3 million,<span class=\"_ _b\"/> expense),<span class=\"_ _b\"/> increasing mainl<span class=\"_ _5\"/>y with M&amp;A rela<span class=\"_ _5\"/>ted c<span class=\"_ _5\"/>osts incurred.The cat<span class=\"_ _5\"/>egory <span class=\"_ _b\"/>\u2018<span class=\"_ _6\"/>T<span class=\"_ _b\"/>ravel<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> of \u20ac23.5 mil<span class=\"_ _5\"/>lion,<span class=\"_ _b\"/> expense (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac10.6 million,<span class=\"_ _b\"/> expense) re<span class=\"_ _5\"/>flects normalization o<span class=\"_ _5\"/>f these costs <span class=\"_ _5\"/>whether 20<span class=\"_ _5\"/>21 <span class=\"_ _5\"/>was still impa<span class=\"_ _5\"/>cted by <span class=\"ls15e ws199\">COVID<span class=\"_ _6\"/></span>-1<span class=\"_ _5\"/>9 restrictions.<span class=\"_ _5\"/> The cat<span class=\"_ _5\"/>egory <span class=\"_ _b\"/>\u2018Other<span class=\"_ _6\"/>\u2019<span class=\"_ _b\"/> included in 2022,<span class=\"_ _b\"/> amongst o<span class=\"_ _b\"/>thers:<span class=\"_ _6\"/> \u2022<span class=\"_ _96\"> </span><span class=\"fc6\">the impact of<span class=\"_ _5\"/> changes in provisions <span class=\"_ _5\"/>for <span class=\"_ _5\"/>trade r<span class=\"_ _5\"/>eceivables (expect<span class=\"_ _5\"/>ed credit l<span class=\"_ _5\"/>oss) of \u20ac0.4 mil<span class=\"_ _5\"/>lion,<span class=\"_ _5\"/> expense </span>(202<span class=\"_ _b\"/>1: \u20ac2.8 mil<span class=\"_ _5\"/>lion,<span class=\"_ _b\"/> expense) (see note 2<span class=\"_ _b\"/>1); \u2022<span class=\"_ _96\"> </span><span class=\"fc6\">restructuring provision o<span class=\"_ _5\"/>f \u20ac3 million,<span class=\"_ _0\"/> expense (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac4.8 million,<span class=\"_ _b\"/> expense); </span>\u2022<span class=\"_ _96\"> </span><span class=\"fc6\">litigation pro<span class=\"_ _5\"/>visions of \u20ac5.8 mil<span class=\"_ _5\"/>lion,<span class=\"_ _b\"/> expense (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac8.6 million,<span class=\"_ _5\"/> expense) (see no<span class=\"_ _5\"/>te 29); </span>\u2022<span class=\"_ _96\"> </span><span class=\"fc6\">membership and licenses renew<span class=\"_ _5\"/>als of<span class=\"_ _5\"/> \u20ac6.7 million,<span class=\"_ _b\"/> expense (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac3.5 million,<span class=\"_ _b\"/> expense); </span>\u2022<span class=\"_ _96\"> </span><span class=\"fc6\">cost o<span class=\"_ _b\"/>f equipment o<span class=\"_ _5\"/>f \u20ac5.3 million,<span class=\"_ _b\"/> expense (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac4.5 million,<span class=\"_ _5\"/> expense).</span>10 <span class=\"_ _2\"> </span>Share-based compensationThe Company<span class=\"_ _5\"/> operat<span class=\"_ _5\"/>es share-based incentive plans.<span class=\"_ _b\"/> The fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue of equity<span class=\"_ _5\"/>-settled compensa<span class=\"_ _5\"/>tions at<span class=\"_ _5\"/> grant da<span class=\"_ _5\"/>te under the <span class=\"_ _5\"/>Arcadis long-<span class=\"_ _5\"/>term incentiv<span class=\"_ _5\"/>e plan is recognized as an emplo<span class=\"_ _5\"/>yee expense (in Salaries and <span class=\"_ _5\"/>wages),<span class=\"_ _b\"/> with a corresponding increase in equity<span class=\"_ _0\"/>, o<span class=\"_ _5\"/>ver the <span class=\"_ _5\"/>vesting period.<span class=\"_ _b\"/> The amount rec<span class=\"_ _5\"/>ognized as an expense is adjust<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o reflect the actual number o<span class=\"_ _5\"/>f aw<span class=\"_ _5\"/>ards f<span class=\"_ _5\"/>or which the r<span class=\"_ _5\"/>elated service and non-mark<span class=\"_ _5\"/>et performance c<span class=\"_ _5\"/>onditions are expected t<span class=\"_ _5\"/>o be met,<span class=\"_ _b\"/> such that <span class=\"_ _5\"/>the amount ul<span class=\"_ _5\"/>timat<span class=\"_ _5\"/>ely<span class=\"_ _5\"/> recognized as expense is based on <span class=\"_ _5\"/>the actual number o<span class=\"_ _5\"/>f awar<span class=\"_ _5\"/>ds meeting these vesting conditions.The fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue of gran<span class=\"_ _5\"/>ted shares subject <span class=\"_ _5\"/>to a marke<span class=\"_ _5\"/>t condition is measured using a Mon<span class=\"_ _5\"/>te Carlo simula<span class=\"_ _5\"/>tion model. Measurement<span class=\"_ _5\"/> inputs include the share price on measur<span class=\"_ _5\"/>ement da<span class=\"_ _5\"/>te,<span class=\"_ _b\"/> the expected <span class=\"_ _5\"/>volatility<span class=\"_ _b\"/>,<span class=\"_ _5\"/> weight<span class=\"_ _5\"/>ed av<span class=\"_ _5\"/>erage expected life o<span class=\"_ _5\"/>f the instrumen<span class=\"_ _5\"/>t and the risk<span class=\"_ _5\"/>-free int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e.As the fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue is amor<span class=\"_ _6\"/>tized over<span class=\"_ _5\"/> the ves<span class=\"_ _5\"/>ting period,<span class=\"_ _5\"/> the costs ar<span class=\"_ _5\"/>e recognized in <span class=\"_ _5\"/>the Income Stat<span class=\"_ _5\"/>ement.<span class=\"_ _b\"/> The amortization costs are a<span class=\"_ _5\"/>djusted <span class=\"_ _5\"/>for e<span class=\"_ _5\"/>ffects of cancel<span class=\"_ _5\"/>led and f<span class=\"_ _5\"/>or<span class=\"_ _6\"/>feit<span class=\"_ _5\"/>ed grants.<span class=\"_ _b\"/> The vesting and e<span class=\"_ _5\"/>xercise o<span class=\"_ _5\"/>f rights t<span class=\"_ _5\"/>o acquire shar<span class=\"_ _5\"/>es may be c<span class=\"_ _5\"/>onditional t<span class=\"_ _5\"/>o per<span class=\"_ _6\"/>formance c<span class=\"_ _5\"/>onditions and other c<span class=\"_ _5\"/>onditions,<span class=\"_ _5\"/> as set by<span class=\"_ _5\"/> the Supervisor<span class=\"_ _6\"/>y Board.Long-<span class=\"_ _0\"/>T<span class=\"_ _b\"/>erm Incentiv<span class=\"_ _5\"/>e PlansT<span class=\"_ _b\"/>o stimula<span class=\"_ _5\"/>te the r<span class=\"_ _5\"/>ealization o<span class=\"_ _5\"/>f long-<span class=\"_ _5\"/>term C<span class=\"_ _5\"/>ompany goals and objectives,<span class=\"_ _0\"/> Arcadis NV uses L<span class=\"_ _5\"/>ong-<span class=\"_ _b\"/>T<span class=\"_ _b\"/>erm Incentive Plans (L<span class=\"_ _0\"/>TIPs).<span class=\"_ _b\"/> Since 201<span class=\"_ _b\"/>4,<span class=\"_ _5\"/> securities under L<span class=\"_ _0\"/>TIPs are solel<span class=\"_ _b\"/>y grant<span class=\"_ _5\"/>ed in the f<span class=\"_ _5\"/>orm of<span class=\"_ _5\"/> Restricted Shar<span class=\"_ _5\"/>e Units (RSUs) and represen<span class=\"_ _5\"/>t an equal number o<span class=\"_ _b\"/>f ordinary shares,<span class=\"_ _b\"/> subject to mee<span class=\"_ _5\"/>ting the applicable <span class=\"_ _5\"/>vesting conditions.<span class=\"_ _b\"/> The RSUs wil<span class=\"_ _5\"/>l be converted in<span class=\"_ _5\"/>to ordinary shares on <span class=\"_ _5\"/>the ves<span class=\"_ _5\"/>ting dat<span class=\"_ _5\"/>e and are delivered as soon as practical ther<span class=\"_ _5\"/>eafter<span class=\"_ _0\"/>.RSUs are gran<span class=\"_ _5\"/>ted conditiona<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y and depend on achieving/<span class=\"_ _b\"/>meeting certain conditions during the ves<span class=\"_ _5\"/>ting period.T<span class=\"_ _b\"/>o prev<span class=\"_ _5\"/>ent dilution,<span class=\"_ _0\"/> (a por<span class=\"_ _6\"/>tion of<span class=\"_ _6\"/>) the shares r<span class=\"_ _5\"/>equired t<span class=\"_ _5\"/>o meet the obliga<span class=\"_ _b\"/>tions from ex<span class=\"_ _5\"/>ercising L<span class=\"_ _0\"/>TIPs can be purchased by<span class=\"_ _5\"/> the Compan<span class=\"_ _5\"/>y (inst<span class=\"_ _5\"/>ead of<span class=\"_ _5\"/> issuing new shar<span class=\"_ _5\"/>es),<span class=\"_ _5\"/> with due consider<span class=\"_ _5\"/>ation t<span class=\"_ _b\"/>o the Company\u2019s balanc<span class=\"_ _5\"/>e sheet,<span class=\"_ _b\"/> in particular availabl<span class=\"_ _5\"/>e freel<span class=\"_ _5\"/>y distributabl<span class=\"_ _5\"/>e reserves and availabl<span class=\"_ _5\"/>e cash.<span class=\"_ _b\"/> Alt<span class=\"_ _5\"/>ernativ<span class=\"_ _5\"/>ely<span class=\"_ _0\"/>,<span class=\"_ _5\"/> shares may<span class=\"_ _5\"/> be issued,<span class=\"_ _b\"/> whereby<span class=\"_ _5\"/> it is int<span class=\"_ _5\"/>ended to limit<span class=\"_ _5\"/> this t<span class=\"_ _b\"/>o 1% o<span class=\"_ _5\"/>f the number<span class=\"_ _5\"/> of<span class=\"_ _5\"/> issued shares.Arcadis NV<span class=\"_ _5\"/> 201<span class=\"_ _5\"/>0 Long-<span class=\"_ _0\"/>T<span class=\"_ _b\"/>erm Incentiv<span class=\"_ _5\"/>e PlansOptions and RSUs annua<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y grant<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o members of<span class=\"_ _5\"/> the Executiv<span class=\"_ _5\"/>e Board and selected senior<span class=\"_ _5\"/> executiv<span class=\"_ _5\"/>es were conditional and ha<span class=\"_ _5\"/>d a vesting period o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>three years.<span class=\"_ _0\"/> V<span class=\"_ _5\"/>esting was dependen<span class=\"_ _5\"/>t on performance crit<span class=\"_ _5\"/>eria set <span class=\"_ _5\"/>forth in advanc<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The granting o<span class=\"_ _5\"/>f such op<span class=\"_ _5\"/>tions and RSUs took<span class=\"_ _5\"/> place ea<span class=\"_ _5\"/>ch year on or<span class=\"_ _5\"/> about the sec<span class=\"_ _5\"/>ond day a<span class=\"_ _5\"/>fter <span class=\"_ _5\"/>the Annual Genera<span class=\"_ _5\"/>l Meeting of<span class=\"_ _5\"/> Shareholders,<span class=\"_ _b\"/> whereb<span class=\"_ _5\"/>y the ex<span class=\"_ _b\"/>ercise price f<span class=\"_ _5\"/>or the op<span class=\"_ _5\"/>tions mat<span class=\"_ _5\"/>ched the closing price o<span class=\"_ _5\"/>f Arca<span class=\"_ _5\"/>dis NV shares on <span class=\"_ _5\"/>the day o<span class=\"_ _b\"/>f the grant.In 201<span class=\"_ _b\"/>3,<span class=\"_ _b\"/> the last a<span class=\"_ _5\"/>wards <span class=\"_ _5\"/>which will expir<span class=\"_ _5\"/>e in 2023 w<span class=\"_ _5\"/>ere grant<span class=\"_ _b\"/>ed.Arcadis NV<span class=\"_ _5\"/> 201<span class=\"_ _b\"/>4 Long-<span class=\"_ _0\"/>T<span class=\"_ _b\"/>erm Incentive PlanIn 201<span class=\"_ _b\"/>4,<span class=\"_ _5\"/> the Supervisor<span class=\"_ _6\"/>y Board appr<span class=\"_ _5\"/>oved the c<span class=\"_ _5\"/>ontinuation o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the Arcadis NV<span class=\"_ _5\"/> 201<span class=\"_ _5\"/>0 Long-<span class=\"_ _0\"/>T<span class=\"_ _b\"/>erm Incentive Plan in the <span class=\"_ _5\"/>form of<span class=\"_ _5\"/> the Ar<span class=\"_ _5\"/>cadis NV 20<span class=\"_ _5\"/>1<span class=\"_ _5\"/>4 Long-<span class=\"_ _0\"/>T<span class=\"_ _b\"/>erm Incentive Plan (201<span class=\"_ _b\"/>4 L<span class=\"_ _0\"/>TIP).<span class=\"_ _5\"/> The re<span class=\"_ _5\"/>vised Plan was appr<span class=\"_ _5\"/>oved by the General Mee<span class=\"_ _5\"/>ting of Shar<span class=\"_ _5\"/>eholders in May<span class=\"_ _5\"/> 201<span class=\"_ _b\"/>4.Shares gran<span class=\"_ _5\"/>ted are c<span class=\"_ _5\"/>onditional in natur<span class=\"_ _5\"/>e and depend on,<span class=\"_ _5\"/> amongst o<span class=\"_ _b\"/>thers,<span class=\"_ _5\"/> attaining a performance measur<span class=\"_ _5\"/>e<span class=\"_ _6\"/> after<span class=\"_ _5\"/> three <span class=\"_ _5\"/>years.<span class=\"_ _b\"/> The performance measure is <span class=\"_ _5\"/>T<span class=\"_ _b\"/>otal Sharehol<span class=\"_ _5\"/>der Re<span class=\"_ _5\"/>turn (TSR),<span class=\"_ _5\"/> defined as stock<span class=\"_ _5\"/> price apprecia<span class=\"_ _5\"/>tion plus dividend yield.In 202<span class=\"_ _b\"/>1,<span class=\"_ _b\"/> the last a<span class=\"_ _b\"/>wards made in 201<span class=\"_ _b\"/>8 under 201<span class=\"_ _b\"/>4 L<span class=\"_ _0\"/>TIP ves<span class=\"_ _5\"/>ted.Arcadis NV<span class=\"_ _5\"/> 201<span class=\"_ _b\"/>9 Long-<span class=\"_ _b\"/>T<span class=\"_ _0\"/>erm Incentive PlanIn April 20<span class=\"_ _5\"/>19<span class=\"_ _5\"/>,<span class=\"_ _b\"/> the Arcadis NV<span class=\"_ _5\"/> 201<span class=\"_ _b\"/>9 Long-<span class=\"_ _b\"/>T<span class=\"_ _b\"/>erm Incentive Plan <span class=\"_ _5\"/>was approv<span class=\"_ _5\"/>ed by the <span class=\"_ _5\"/>Annual Genera<span class=\"_ _5\"/>l Meeting.<span class=\"_ _5\"/> Based on this plan <span class=\"_ _5\"/>the Company can gr<span class=\"_ _5\"/>ant equity<span class=\"_ _5\"/>-settled and cash-se<span class=\"_ _5\"/>ttled aw<span class=\"_ _5\"/>ards t<span class=\"_ _5\"/>o eligible employ<span class=\"_ _5\"/>ees.<span class=\"_ _5\"/> Conditional performanc<span class=\"_ _5\"/>e shares grant<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o Executive Boar<span class=\"_ _5\"/>d members must be hel<span class=\"_ _5\"/>d for<span class=\"_ _5\"/> two more <span class=\"_ _5\"/>years aft<span class=\"_ _5\"/>er vesting. In <span class=\"_ _6\"/>summary the foll<span class=\"_ _5\"/>owing applies to these grants:\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Annual gran<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o Executive Boar<span class=\"_ _5\"/>d (EB) and Executive L<span class=\"_ _5\"/>eadership T<span class=\"_ _0\"/>eam (EL<span class=\"_ _0\"/>T) members: subjec<span class=\"_ _6\"/>t t<span class=\"_ _5\"/>o </span>continued empl<span class=\"_ _5\"/>oyment during <span class=\"_ _5\"/>the ves<span class=\"_ _5\"/>ting period of <span class=\"_ _5\"/>three y<span class=\"_ _5\"/>ears,<span class=\"_ _5\"/> and achieving performanc<span class=\"_ _5\"/>e conditions (1<span class=\"_ _b\"/>/3 T<span class=\"_ _b\"/>otal Shar<span class=\"_ _5\"/>eholder Re<span class=\"_ _5\"/>turn,<span class=\"_ _b\"/> 1/3 Earnings per<span class=\"_ _5\"/> share and 1<span class=\"_ _b\"/>/3 sustainability)\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Annual gran<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o other<span class=\"_ _5\"/> employees: subject <span class=\"_ _5\"/>to con<span class=\"_ _5\"/>tinued employment<span class=\"_ _5\"/> during the v<span class=\"_ _5\"/>esting period of<span class=\"_ _5\"/> three </span>years; no performance c<span class=\"_ _5\"/>onditionsF<span class=\"_ _5\"/>or EB and EL<span class=\"_ _0\"/>T members,<span class=\"_ _b\"/> the position o<span class=\"_ _5\"/>f Arca<span class=\"_ _5\"/>dis within the peer<span class=\"_ _5\"/> group,<span class=\"_ _b\"/> after<span class=\"_ _5\"/> three <span class=\"_ _5\"/>years,<span class=\"_ _b\"/> determines the <span class=\"_ _5\"/>final number o<span class=\"_ _5\"/>f shares subject <span class=\"_ _5\"/>to meeting a <span class=\"_ _5\"/>T<span class=\"_ _b\"/>otal Shar<span class=\"_ _5\"/>eholder R<span class=\"_ _5\"/>eturn condition (1<span class=\"_ _b\"/>/3) tha<span class=\"_ _5\"/>t v<span class=\"_ _5\"/>est and bec<span class=\"_ _5\"/>ome unconditional,<span class=\"_ _b\"/> in <span class=\"_ _6\"/>accor<span class=\"_ _5\"/>dance with the fol<span class=\"_ _5\"/>lowing performance incentive z<span class=\"_ _5\"/>one:RSUs that<span class=\"_ _5\"/> vest f<span class=\"_ _5\"/>or EB/EL<span class=\"_ _b\"/>TRanking<span class=\"_ _20b\"> </span>14<span class=\"_ _7\"/>-8<span class=\"_ _c3\"> </span><span class=\"ls3 ws1\">7<span class=\"_ _a8\"> </span>6<span class=\"_ _e3\"> </span>5<span class=\"_ _a8\"> </span>4<span class=\"_ _e3\"> </span>3<span class=\"_ _a8\"> </span>2<span class=\"_ _e3\"> </span>1</span>V<span class=\"_ _5\"/>esting<span class=\"_ _1b\"> </span>0%<span class=\"_ _147\"> </span>50%<span class=\"_ _b0\"> </span>75%<span class=\"_ _ce\"> </span>10<span class=\"_ _6\"/>0<span class=\"_ _6\"/>%<span class=\"_ _cf\"> </span>125<span class=\"_ _6\"/>%<span class=\"_ _20c\"> </span>15<span class=\"_ _6\"/>0<span class=\"_ _6\"/>%<span class=\"_ _cf\"> </span><span class=\"lsf5 ws111\">17<span class=\"_ _6\"/>5<span class=\"_ _6\"/>%<span class=\"_ _ce\"> </span><span class=\"ls5b ws5b\">20<span class=\"_ _6\"/>0<span class=\"_ _6\"/>%</span></span>Outstanding op<span class=\"_ _5\"/>tionsThe number and <span class=\"_ _5\"/>weighted a<span class=\"_ _b\"/>verage ex<span class=\"_ _5\"/>ercise price o<span class=\"_ _5\"/>f the shar<span class=\"_ _5\"/>e options under <span class=\"_ _5\"/>the 201<span class=\"_ _5\"/>0 Arca<span class=\"_ _5\"/>dis L<span class=\"_ _0\"/>TIPs are as follows:Number o<span class=\"_ _5\"/>fW<span class=\"_ _5\"/>eighted a<span class=\"_ _5\"/>verage optionsexer<span class=\"_ _5\"/>cise price (in \u20ac)Balance a<span class=\"_ _5\"/>t 1 January 2021 <span class=\"_ _100\"> </span><span class=\"lsfc ws11b\"> 6<span class=\"_ _7\"/>68<span class=\"_ _7\"/>,3<span class=\"_ _6\"/>51<span class=\"_ _6\"/> <span class=\"_ _9b\"> </span><span class=\"ls166 ws19a\">1<span class=\"_ _6\"/>7.<span class=\"_ _7\"/>3<span class=\"_ _6\"/>7</span></span>Exercised<span class=\"_ _1dc\"> </span><span class=\"ws1\"> (3<span class=\"_ _6\"/>82,704)<span class=\"_ _20\"> </span><span class=\"ls3 ws137\"> 1<span class=\"_ _5\"/>7<span class=\"_ _b\"/>.30 </span></span>Expired<span class=\"_ _1da\"> </span><span class=\"ws1\"> (181,601<span class=\"_ _5\"/>)<span class=\"_ _176\"> </span><span class=\"lsef ws11c\"> 16.<span class=\"_ _6\"/>8<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2021 <span class=\"_ _185\"> </span><span class=\"lsd0 wse8\">1<span class=\"_ _5\"/>04,046<span class=\"_ _1bb\"> </span><span class=\"lsfa ws43\"> 18.<span class=\"_ _6\"/>50<span class=\"_ _6\"/> </span></span>Exercised<span class=\"_ _20d\"> </span>(49,385)<span class=\"_ _42\"> </span><span class=\"lsed ws109\">17.<span class=\"_ _7\"/>41</span>Expired<span class=\"_ _1dd\"> </span>(1<span class=\"_ _5\"/>3,959)<span class=\"_ _9d\"> </span><span class=\"ls10f ws19b\">15<span class=\"_ _6\"/>.<span class=\"_ _6\"/>18<span class=\"_ _7\"/>   </span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _20e\"> </span><span class=\"lsfe ws11a\">4<span class=\"_ _6\"/>0,<span class=\"_ _6\"/>702<span class=\"_ _a1\"> </span></span><span class=\"wsac\">20.96</span>The weigh<span class=\"_ _5\"/>ted a<span class=\"_ _5\"/>verage shar<span class=\"_ _5\"/>e price at<span class=\"_ _5\"/> exer<span class=\"_ _5\"/>cise dat<span class=\"_ _5\"/>e in 2022 <span class=\"_ _5\"/>was \u20ac<span class=\"ls167 ws19c\">3<span class=\"_ _7\"/>8<span class=\"_ _7\"/>.<span class=\"_ _7\"/>74<span class=\"_ _7\"/></span> (202<span class=\"_ _b\"/>1: \u20ac3<span class=\"_ _5\"/>3.66).<span class=\"_ _5\"/> Part of <span class=\"_ _5\"/>the ex<span class=\"_ _5\"/>ercised options ha<span class=\"_ _5\"/>ve been settl<span class=\"_ _5\"/>ed in cash instea<span class=\"_ _5\"/>d of shar<span class=\"_ _5\"/>es.<span class=\"_ _5\"/> The number o<span class=\"_ _5\"/>f outstanding op<span class=\"_ _5\"/>tions at<span class=\"_ _5\"/> 31 December<span class=\"_ _5\"/> 2022 is as <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>ows:Share price a<span class=\"_ _5\"/>t <span class=\"_ _9\"/><span class=\"ls3\"> </span>Outstanding <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Exercised <span class=\"_ _1\"/><span class=\"ls3 ws1\"> </span>Expired <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Outstanding <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Y<span class=\"_ _b\"/>ear of issuegrant<span class=\"_ _5\"/> date1 January <span class=\"_ _6\"/>2022in 2022in 202231 December<span class=\"_ _5\"/> 20222<span class=\"_ _6\"/>0<span class=\"_ _6\"/>12<span class=\"_ _6\"/> <span class=\"_ _153\"> </span> \u20ac14.72 <span class=\"_ _49\"> </span> 7,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>1<span class=\"_ _7\"/>0<span class=\"_ _7\"/> <span class=\"_ _c4\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _c3\"> </span></span><span class=\"wsac\">(7<span class=\"_ _b\"/>,610)<span class=\"_ _20f\"> </span><span class=\"ls3 ws1\">-</span></span>2<span class=\"_ _6\"/>0<span class=\"_ _6\"/>12<span class=\"_ _6\"/> <span class=\"_ _210\"> </span> \u20ac15.7<span class=\"_ _b\"/>4 <span class=\"_ _39\"> </span><span class=\"lsf6 ws10f\"> 39,9<span class=\"_ _6\"/>6<span class=\"_ _6\"/>6 <span class=\"_ _63\"> </span></span><span class=\"wsac\">(33,6<span class=\"_ _5\"/>1<span class=\"_ _5\"/>7)<span class=\"_ _d9\"> </span>(6,3<span class=\"_ _6\"/>49)<span class=\"_ _20f\"> </span><span class=\"ls3 ws1\">-</span></span>2<span class=\"_ _6\"/>013<span class=\"_ _7\"/> <span class=\"_ _19f\"> </span> \u20ac20.96<span class=\"_ _6\"/> <span class=\"_ _4d\"> </span><span class=\"lsef ws11c\"> 5<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>470<span class=\"_ _6\"/> <span class=\"_ _d7\"> </span></span>(15,7<span class=\"_ _5\"/>68)<span class=\"_ _c4\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _52\"> </span><span class=\"lsf2 ws10e\">4<span class=\"_ _6\"/>0,<span class=\"_ _6\"/>702</span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _189\"> </span> 1<span class=\"_ _5\"/>04,046<span class=\"_ _5\"/> <span class=\"_ _d8\"> </span><span class=\"ls9d wsac\">(49,38<span class=\"_ _6\"/>5)<span class=\"_ _d8\"> </span>(1<span class=\"_ _5\"/>3,9<span class=\"_ _6\"/>59)<span class=\"_ _161\"> </span><span class=\"lsfe ws11a\">4<span class=\"_ _6\"/>0,<span class=\"_ _6\"/>702</span></span>Outstanding R<span class=\"_ _5\"/>estricted Share Unit<span class=\"_ _5\"/> (RSUs)In 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> the fol<span class=\"_ _5\"/>lowing number o<span class=\"_ _b\"/>f RSUs have been gr<span class=\"_ _5\"/>anted under<span class=\"_ _5\"/> the 201<span class=\"_ _b\"/>9 L<span class=\"_ _0\"/>TIP:Number o<span class=\"_ _5\"/>f Grant <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>V<span class=\"_ _5\"/>esting <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Share price<span class=\"ls3\"> </span>Fair value1RSUsdatedateat gr<span class=\"_ _6\"/>an<span class=\"_ _6\"/>t dateat gr<span class=\"_ _6\"/>an<span class=\"_ _6\"/>t dateAnnual grant<span class=\"_ _5\"/> EB/EL<span class=\"_ _0\"/>T<span class=\"_ _2e\"> </span><span class=\"ls128 ws18d\"> 73<span class=\"_ _6\"/>,387<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span></span>16 Ma<span class=\"_ _5\"/>y 2022<span class=\"_ _13b\"> </span>ex<span class=\"_ _b\"/>-<span class=\"_ _6\"/>dividend dat<span class=\"_ _5\"/>e 2025<span class=\"_ _d2\"> </span><span class=\"wsac\">\u20ac36.92<span class=\"_ _6e\"> </span></span>\u20ac35.29/ \u20ac35.14Annual grant<span class=\"_ _5\"/> other empl<span class=\"_ _5\"/>oyees<span class=\"_ _49\"> </span><span class=\"ls102 ws11a\"> 19<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>759<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span></span>16 May 20<span class=\"_ _5\"/>22<span class=\"_ _13b\"> </span>ex<span class=\"_ _5\"/>-dividend date 2025<span class=\"_ _c3\"> </span><span class=\"wsac\">\u20ac36<span class=\"_ _6\"/>.92<span class=\"_ _a0\"> </span>\u20ac35.14</span>Annual grant<span class=\"_ _5\"/> other empl<span class=\"_ _5\"/>oyees<span class=\"_ _7d\"> </span><span class=\"lsf1 ws10d\">563<span class=\"_ _b3\"> </span></span><span class=\"ws3c\">3 August 2022<span class=\"_ _13b\"> </span></span>ex<span class=\"_ _5\"/>-dividend date 2025<span class=\"_ _c3\"> </span>\u20ac33.64<span class=\"_ _13e\"> </span>\u20ac32.021 V<span class=\"_ _5\"/>esting is on the 5th business day<span class=\"_ _5\"/> after this da<span class=\"_ _5\"/>teThe fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue (\u20ac35.1<span class=\"_ _5\"/>4 and \u20ac32.0<span class=\"_ _5\"/>2) o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the RSUs grant<span class=\"_ _5\"/>ed to o<span class=\"_ _5\"/>ther emplo<span class=\"_ _5\"/>yees as part of<span class=\"_ _5\"/> the annual gran<span class=\"_ _5\"/>t and the RSUs grant<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o the EB and EL<span class=\"_ _0\"/>T members subject <span class=\"_ _5\"/>to meeting Earnings per<span class=\"_ _5\"/> share (1<span class=\"_ _b\"/>/3) and sustainability (1<span class=\"_ _b\"/>/3) conditions w<span class=\"_ _5\"/>ere det<span class=\"_ _5\"/>ermined by adjus<span class=\"_ _5\"/>ting the share pric<span class=\"_ _5\"/>e at <span class=\"_ _5\"/>the grant da<span class=\"_ _b\"/>te with the pr<span class=\"_ _5\"/>esent <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f dividends expected <span class=\"_ _5\"/>to be paid during the <span class=\"_ _5\"/>vesting period.<span class=\"_ _0\"/> The fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue (\u20ac35.29) o<span class=\"_ _5\"/>f RSUs gran<span class=\"_ _5\"/>ted t<span class=\"_ _5\"/>o EB and EL<span class=\"_ _0\"/>T members subject <span class=\"_ _5\"/>to meeting a <span class=\"_ _5\"/>T<span class=\"_ _b\"/>otal Shar<span class=\"_ _5\"/>eholder Re<span class=\"_ _5\"/>turn condition (1<span class=\"_ _b\"/>/3) was de<span class=\"_ _5\"/>termined using a Mont<span class=\"_ _b\"/>e<span class=\"_ _6\"/> Carlo simula<span class=\"_ _5\"/>tion model,<span class=\"_ _5\"/> which considers the mark<span class=\"_ _b\"/>et conditions expect<span class=\"_ _5\"/>ed to impa<span class=\"_ _5\"/>ct Arca<span class=\"_ _5\"/>dis\u2019<span class=\"_ _b\"/> TSR performance in rela<span class=\"_ _5\"/>tion t<span class=\"_ _5\"/>o the peer gr<span class=\"_ _5\"/>oup,<span class=\"_ _b\"/> and the f<span class=\"_ _5\"/>ollowing assump<span class=\"_ _5\"/>tions:2022<span class=\"_ _109\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span> Expected dividend yiel<span class=\"_ _5\"/>d (in %) <span class=\"_ _73\"> </span><span class=\"lsfc ws118\">1.<span class=\"_ _6\"/>7<span class=\"_ _133\"> </span>1.<span class=\"_ _6\"/>4<span class=\"_ _6\"/>8</span> Risk-<span class=\"_ _5\"/>free inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te (in %) <span class=\"_ _211\"> </span><span class=\"lsfc ws118\">1.2<span class=\"_ _6\"/>2<span class=\"_ _4b\"> </span></span> (0<span class=\"_ _6\"/>.44) Expected v<span class=\"_ _5\"/>olatility (in %) <span class=\"_ _18d\"> </span><span class=\"lsf0 ws10c\">36<span class=\"_ _6\"/>.<span class=\"_ _6\"/>24<span class=\"_ _3b\"> </span><span class=\"lsf9 ws115\">3<span class=\"_ _7\"/>9.<span class=\"_ _6\"/>12</span></span>The expected <span class=\"_ _5\"/>volatility<span class=\"_ _5\"/> is calcula<span class=\"_ _5\"/>ted based on <span class=\"_ _5\"/>the share price mov<span class=\"_ _5\"/>ements of<span class=\"_ _5\"/> the 36 months prior <span class=\"_ _5\"/>to gr<span class=\"_ _5\"/>ant da<span class=\"_ _5\"/>te.<span class=\"_ _b\"/> <span class=\"_ _9\"/> The t<span class=\"_ _5\"/>otal outs<span class=\"_ _5\"/>tanding RSUs at 3<span class=\"_ _b\"/>1 December 202<span class=\"_ _5\"/>2 is as fol<span class=\"_ _5\"/>lows:T<span class=\"_ _b\"/>otal amount to beexpensed over De/(In)crease b<span class=\"_ _5\"/>y Cancelled/Outstandingthe vesting period Fair<span class=\"_ _5\"/> value at<span class=\"ls3 ws1\"> </span>OutstandingGrant<span class=\"_ _5\"/>ed performance V<span class=\"_ _5\"/>estedforfeit<span class=\"_ _5\"/>ed 31 DecemberY<span class=\"_ _b\"/>ear of issue<span class=\"_ _212\"> </span><span class=\"fs7b fc1 ls9d wsac\">Grant<span class=\"_ _5\"/>ed<span class=\"_ _213\"> </span><span class=\"ws1\">Unconditional in </span></span>(in \u20ac)grant<span class=\"_ _5\"/> date1 January <span class=\"_ _6\"/>2022in 2022measure 2022in 2022in 202220222019 (29 April)<span class=\"_ _17c\"> </span><span class=\"lsef ws11c\"> 316,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>81<span class=\"_ _6\"/> <span class=\"_ _101\"> </span><span class=\"ls110 ws15c\">202<span class=\"_ _6\"/>2<span class=\"_ _e4\"> </span></span></span> 4,973,50<span class=\"_ _6\"/>9 <span class=\"_ _8b\"> </span>\u20ac15.72<span class=\"_ _18a\"> </span> 2<span class=\"_ _6\"/>15<span class=\"_ _7\"/>,<span class=\"_ _6\"/>175<span class=\"_ _7\"/> <span class=\"_ _1bb\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _2d\"> </span></span><span class=\"ls3\">-<span class=\"_ _29\"> </span></span><span class=\"wsac\">(206<span class=\"_ _6\"/>,441<span class=\"_ _5\"/>)<span class=\"_ _8d\"> </span>(8,73<span class=\"_ _6\"/>4)<span class=\"_ _9a\"> </span><span class=\"ls3 ws1\">-</span></span>2019 (29 April)<span class=\"_ _214\"> </span><span class=\"lsfc ws11b\"> 18<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,18<span class=\"_ _7\"/>0 <span class=\"_ _101\"> </span><span class=\"ls110 ws15c\">202<span class=\"_ _6\"/>2<span class=\"_ _14c\"> </span></span></span>4,26<span class=\"_ _6\"/>4,932<span class=\"_ _a9\"> </span><span class=\"ws1\">\u20ac21<span class=\"_ _5\"/>.45/ \u20ac1<span class=\"_ _5\"/>5.72<span class=\"_ _18a\"> </span> 1<span class=\"_ _5\"/>46<span class=\"_ _6\"/>,776 <span class=\"_ _1bb\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _38\"> </span><span class=\"lsf8 ws114\">1<span class=\"_ _6\"/>0<span class=\"_ _6\"/>3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>51<span class=\"_ _54\"> </span></span></span><span class=\"wsac\">(250,627)<span class=\"_ _1bb\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _2d\"> </span></span></span><span class=\"ls3\">-</span></span>2020 (8 May)<span class=\"_ _215\"> </span><span class=\"ls10e ws111\"> 114<span class=\"_ _7\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>1<span class=\"_ _7\"/>0<span class=\"_ _6\"/> <span class=\"_ _101\"> </span><span class=\"ls110 ws15c\">2023<span class=\"_ _db\"> </span></span></span><span class=\"wsac\">1,732,565<span class=\"_ _a5\"> </span></span>\u20ac12.1<span class=\"_ _5\"/>2/ \u20ac9.15<span class=\"_ _18a\"> </span> 11<span class=\"_ _6\"/>4<span class=\"_ _7\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>1<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _9d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _205\"> </span><span class=\"lsed ws109\">5<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>1<span class=\"_ _7\"/>0<span class=\"_ _7\"/>5<span class=\"_ _7\"/> <span class=\"_ _1bb\"> </span></span> - <span class=\"_ _19a\"> </span></span><span class=\"wsac\">(1<span class=\"_ _5\"/>7<span class=\"_ _b\"/>,518)<span class=\"_ _29\"> </span><span class=\"lsf5 ws111\">17<span class=\"_ _6\"/>1<span class=\"_ _6\"/>,<span class=\"_ _6\"/>31<span class=\"_ _6\"/>5</span></span>2020 (8 May)<span class=\"_ _216\"> </span><span class=\"lsd2 ws12b\"> 24<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>710<span class=\"_ _6\"/> <span class=\"_ _101\"> </span><span class=\"ls110 ws15c\">2023<span class=\"_ _e4\"> </span></span></span> 2,9<span class=\"_ _6\"/>65,8<span class=\"_ _6\"/>85 <span class=\"_ _159\"> </span>\u20ac12.1<span class=\"_ _b\"/>2<span class=\"_ _18a\"> </span> 1<span class=\"_ _6\"/>9<span class=\"_ _7\"/>0<span class=\"_ _6\"/>,<span class=\"_ _7\"/>5<span class=\"_ _6\"/>74<span class=\"_ _7\"/> <span class=\"_ _1bb\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _2d\"> </span><span class=\"ls3 ws1\">-<span class=\"_ _76\"> </span><span class=\"lsf5 ws111\">173<span class=\"_ _6\"/>,<span class=\"_ _7\"/>0<span class=\"_ _6\"/>5<span class=\"_ _6\"/>6</span></span>2020 (1<span class=\"_ _5\"/>4 September)<span class=\"_ _167\"> </span> 5<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>59<span class=\"_ _6\"/> <span class=\"_ _101\"> </span><span class=\"ls110 ws15c\">2023<span class=\"_ _46\"> </span><span class=\"lsee ws10a\">139<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>91<span class=\"_ _a8\"> </span></span></span>\u20ac18.22/ \u20ac17<span class=\"_ _0\"/>.82<span class=\"_ _4b\"> </span> 5<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>59<span class=\"_ _6\"/> <span class=\"_ _1bb\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _101\"> </span><span class=\"lsec ws108\">2,<span class=\"_ _6\"/>93<span class=\"_ _6\"/>0<span class=\"_ _a1\"> </span></span> - <span class=\"_ _51\"> </span></span><span class=\"wsac\">(13,07<span class=\"_ _b\"/>4)<span class=\"_ _19c\"> </span><span class=\"lsfe ws11a\">8<span class=\"_ _6\"/>,78<span class=\"_ _6\"/>9</span></span>2021 (3 Ma<span class=\"_ _5\"/>y)<span class=\"_ _131\"> </span> 253,371 <span class=\"_ _101\"> </span><span class=\"lsf0 ws10c\">2<span class=\"_ _6\"/>024<span class=\"_ _e4\"> </span></span> 8,535,9<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0 <span class=\"_ _50\"> </span>\u20ac33.14/ \u20ac38.4<span class=\"_ _6\"/>0<span class=\"_ _29\"> </span> 245<span class=\"_ _6\"/>,<span class=\"_ _6\"/>02<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _1bb\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _a1\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _13e\"> </span><span class=\"lsef ws10b\">2<span class=\"_ _6\"/>31,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>49</span></span>2021 (3 Ma<span class=\"_ _5\"/>y)<span class=\"_ _217\"> </span> 25,150 <span class=\"_ _101\"> </span><span class=\"ls110 ws15c\">2023<span class=\"_ _54\"> </span><span class=\"ws15f\"> 8<span class=\"_ _6\"/>45<span class=\"_ _6\"/>,5<span class=\"_ _6\"/>43 <span class=\"_ _102\"> </span></span></span><span class=\"wsac\">\u20ac33.62<span class=\"_ _c4\"> </span></span> 25,150 <span class=\"_ _1bb\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _42\"> </span> - <span class=\"_ _a1\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _4f\"> </span></span><span class=\"wsac\">25<span class=\"_ _6\"/>,150</span>2021 (4 August)<span class=\"_ _218\"> </span> 6,39<span class=\"_ _6\"/>4 <span class=\"_ _101\"> </span><span class=\"lsf0 ws10c\">2<span class=\"_ _6\"/>024<span class=\"_ _71\"> </span></span> 24<span class=\"_ _5\"/>2,077 <span class=\"_ _8b\"> </span>\u20ac37<span class=\"_ _b\"/>.8<span class=\"_ _6\"/>6<span class=\"_ _4b\"> </span><span class=\"ws1\"> 6,394<span class=\"_ _6\"/> <span class=\"_ _9d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _42\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _149\"> </span></span> 6<span class=\"_ _6\"/>,394<span class=\"_ _6\"/> </span>2021 (3 No<span class=\"_ _5\"/>vember)<span class=\"_ _219\"> </span> 1,0<span class=\"_ _6\"/>32<span class=\"_ _6\"/> <span class=\"_ _101\"> </span><span class=\"lsf0 ws10c\">2<span class=\"_ _6\"/>024<span class=\"_ _19a\"> </span><span class=\"lsfa ws43\"> 42,45<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _159\"> </span></span></span>\u20ac4<span class=\"_ _5\"/>1.1<span class=\"_ _5\"/>4<span class=\"_ _3b\"> </span><span class=\"lsef ws11c\"> 1,0<span class=\"_ _6\"/>32<span class=\"_ _6\"/> <span class=\"_ _9d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _42\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _109\"> </span></span><span class=\"ws10b\">1,03<span class=\"_ _6\"/>2</span></span>2022 (16 Ma<span class=\"_ _5\"/>y)<span class=\"_ _d\"> </span>73<span class=\"_ _6\"/>,387<span class=\"_ _58\"> </span><span class=\"ls110 ws15c\">2025<span class=\"_ _14c\"> </span><span class=\"lsf6 ws112\">2,58<span class=\"_ _6\"/>2,48<span class=\"_ _6\"/>9<span class=\"_ _b3\"> </span></span></span>\u20ac35.29/ \u20ac35.14<span class=\"_ _42\"> </span> - <span class=\"_ _4f\"> </span><span class=\"ls128 ws148\">7<span class=\"_ _6\"/>3,387<span class=\"_ _4a\"> </span></span>-<span class=\"_ _a1\"> </span><span class=\"ws18b\"> -<span class=\"_ _3e\"> </span> -<span class=\"_ _205\"> </span><span class=\"ls128 ws148\">73,3<span class=\"_ _6\"/>87</span></span>2022 (16 Ma<span class=\"_ _5\"/>y)<span class=\"_ _b1\"> </span> 19<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>759<span class=\"_ _6\"/> <span class=\"_ _101\"> </span><span class=\"ls110 ws15c\">202<span class=\"_ _6\"/>5<span class=\"_ _114\"> </span><span class=\"ls10e ws111\"> 6<span class=\"_ _7\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>1<span class=\"_ _6\"/>4<span class=\"_ _7\"/>,<span class=\"_ _6\"/>111<span class=\"_ _7\"/> <span class=\"_ _102\"> </span></span></span><span class=\"wsac\">\u20ac35.14<span class=\"_ _42\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _38\"> </span><span class=\"ls102 ws11e\">19<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>759<span class=\"_ _a1\"> </span></span> - <span class=\"_ _42\"> </span> - <span class=\"_ _3a\"> </span></span>(6,30<span class=\"_ _6\"/>6)<span class=\"_ _54\"> </span><span class=\"ls102 ws11e\">19<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>45<span class=\"_ _6\"/>3</span></span>2022 ( 3 August)<span class=\"_ _21a\"> </span>563<span class=\"_ _80\"> </span><span class=\"ls110 ws15c\">2<span class=\"_ _6\"/>025<span class=\"_ _56\"> </span><span class=\"lsfc ws118\">18<span class=\"_ _6\"/>,<span class=\"_ _6\"/>026<span class=\"_ _157\"> </span></span></span><span class=\"wsac\">\u20ac32.02<span class=\"_ _2d\"> </span></span>-<span class=\"_ _160\"> </span><span class=\"lsf1 ws10d\">563<span class=\"_ _42\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _42\"> </span> - <span class=\"_ _2d\"> </span> - <span class=\"_ _159\"> </span></span>563</span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _21b\"> </span> 950,1<span class=\"_ _5\"/>93 <span class=\"_ _54\"> </span>270<span class=\"_ _6\"/>,<span class=\"_ _6\"/>70<span class=\"_ _6\"/>9<span class=\"_ _57\"> </span>163<span class=\"_ _6\"/>,8<span class=\"_ _7\"/>86<span class=\"_ _de\"> </span><span class=\"ls9d wsac\">(457<span class=\"_ _b\"/>,0<span class=\"_ _6\"/>6<span class=\"_ _6\"/>8)<span class=\"_ _18a\"> </span>(4<span class=\"_ _6\"/>5,632)<span class=\"_ _194\"> </span><span class=\"ls141 ws16b\">882,088</span></span>L<span class=\"_ _3\"/>TIP costs r<span class=\"_ _5\"/>ecognized in 2022The t<span class=\"_ _5\"/>otal amoun<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o be expensed ov<span class=\"_ _5\"/>er the <span class=\"_ _5\"/>vesting period is calcula<span class=\"_ _b\"/>ted by <span class=\"_ _5\"/>taking the grant<span class=\"_ _b\"/>ed RSUs within a calendar<span class=\"_ _5\"/> year<span class=\"_ _5\"/> multiplied b<span class=\"_ _5\"/>y the <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue o<span class=\"_ _5\"/>f the RSUs a<span class=\"_ _5\"/>t gran<span class=\"_ _5\"/>t dat<span class=\"_ _b\"/>e and the expected v<span class=\"_ _5\"/>esting.<span class=\"_ _b\"/> This amount is expensed ov<span class=\"_ _5\"/>er the <span class=\"_ _5\"/>vesting period,<span class=\"_ _b\"/> whereby<span class=\"_ _5\"/> the cos<span class=\"_ _5\"/>ts recognized in a <span class=\"_ _5\"/>year a<span class=\"_ _5\"/>lso consider cancel<span class=\"_ _5\"/>lations and forfeitur<span class=\"_ _5\"/>es.<span class=\"_ _5\"/> The expect<span class=\"_ _5\"/>ed ves<span class=\"_ _5\"/>ting for<span class=\"_ _5\"/> RSUs with a T<span class=\"_ _0\"/>otal Shar<span class=\"_ _5\"/>eholder R<span class=\"_ _5\"/>eturn performance condition is alr<span class=\"_ _5\"/>eady taken int<span class=\"_ _5\"/>o account<span class=\"_ _5\"/> in the fair val<span class=\"_ _5\"/>ue.<span class=\"_ _b\"/> The expected <span class=\"_ _5\"/>vesting f<span class=\"_ _b\"/>or the RSUs grant<span class=\"_ _b\"/>ed in 2020 t<span class=\"_ _5\"/>o the Executiv<span class=\"_ _5\"/>e Board and Executiv<span class=\"_ _5\"/>e Leadership <span class=\"_ _5\"/>T<span class=\"_ _b\"/>eam<span class=\"_ _6\"/> subject t<span class=\"_ _5\"/>o the performance c<span class=\"_ _5\"/>onditions <span class=\"_ _5\"/>\u2018Earnings per share<span class=\"_ _b\"/>\u2019<span class=\"_ _5\"/> and <span class=\"_ _b\"/>\u2018Sustainability\u2019<span class=\"_ _5\"/> are estima<span class=\"_ _5\"/>ted a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 2022 a<span class=\"_ _5\"/>t 1<span class=\"_ _b\"/>50<span class=\"_ _6\"/>%.Costs <span class=\"_ _5\"/>for<span class=\"_ _5\"/> the L<span class=\"_ _0\"/>TIP are spr<span class=\"_ _5\"/>ead over<span class=\"_ _5\"/> the v<span class=\"_ _5\"/>esting period and included in <span class=\"_ _b\"/>\u2018Salaries and w<span class=\"_ _5\"/>ages\u2019<span class=\"_ _b\"/> (see not<span class=\"_ _5\"/>e 9).<span class=\"_ _b\"/> An amount o<span class=\"_ _b\"/>f \u20ac8.6 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac5.9 million) is included in the r<span class=\"_ _5\"/>esults o<span class=\"_ _5\"/>f 20<span class=\"_ _5\"/>22 for<span class=\"_ _5\"/> the share-based compensa<span class=\"_ _5\"/>tion grant<span class=\"_ _5\"/>ed in the period 201<span class=\"_ _b\"/>9 <span class=\"_ _5\"/>-<span class=\"_ _b\"/> 2022.<span class=\"_ _b\"/> 11 <span class=\"_\"> </span>Ne<span class=\"_ _5\"/>t finance expensesNet <span class=\"_ _5\"/>finance expenses comprise finance inc<span class=\"_ _5\"/>ome,<span class=\"_ _b\"/> finance expenses and the fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue change of deriv<span class=\"_ _5\"/>atives a<span class=\"_ _5\"/>t fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue through pro<span class=\"_ _5\"/>fit or loss.<span class=\"_ _b\"/> Finance income comprises in<span class=\"_ _5\"/>terest<span class=\"_ _5\"/> income on funds inv<span class=\"_ _5\"/>ested and finance e<span class=\"_ _5\"/>xpenses comprise inter<span class=\"_ _5\"/>est expense on borr<span class=\"_ _5\"/>owings,<span class=\"_ _5\"/> and the unwinding o<span class=\"_ _5\"/>f discoun<span class=\"_ _5\"/>t on provisions and con<span class=\"_ _5\"/>tingent consider<span class=\"_ _5\"/>ation.Finance income and <span class=\"_ _5\"/>finance expenses are recogniz<span class=\"_ _5\"/>ed in profit or<span class=\"_ _5\"/> loss,<span class=\"_ _5\"/> using the eff<span class=\"_ _5\"/>ective interes<span class=\"_ _5\"/>t method.<span class=\"_ _b\"/> The fair<span class=\"_ _5\"/> value changes of<span class=\"_ _5\"/> derivatives c<span class=\"_ _5\"/>omprise the fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue changes on financial assets at<span class=\"_ _5\"/> fair <span class=\"_ _5\"/>value <span class=\"_ _5\"/>through profit<span class=\"_ _5\"/> or loss,<span class=\"_ _b\"/> as far as these relat<span class=\"_ _5\"/>e t<span class=\"_ _5\"/>o financing items in the C<span class=\"_ _5\"/>ompany<span class=\"_ _b\"/>. <span class=\"_ _5\"/>These fair <span class=\"_ _5\"/>value changes ar<span class=\"_ _5\"/>e par<span class=\"_ _6\"/>tiall<span class=\"_ _5\"/>y o<span class=\"_ _5\"/>ffset by <span class=\"_ _5\"/>the foreign curr<span class=\"_ _5\"/>ency gains and losses.For<span class=\"_ _5\"/>eign currency gains and losses are r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ted on a net<span class=\"_ _5\"/> basis as either finance income or<span class=\"_ _5\"/> finance expense if it<span class=\"_ _5\"/> concerns exchange r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e results on <span class=\"_ _5\"/>financing items.<span class=\"_ _b\"/> Exchange rat<span class=\"_ _5\"/>e resul<span class=\"_ _5\"/>ts on operating it<span class=\"_ _5\"/>ems are included in Other opera<span class=\"_ _5\"/>tional costs (see no<span class=\"_ _5\"/>te 9).<span class=\"_ _6\"/>.In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Inter<span class=\"_ _5\"/>est income on no<span class=\"_ _5\"/>tional cash pools<span class=\"_ _207\"> </span><span class=\"ls12d ws116\"> 6<span class=\"_ _7\"/>,261<span class=\"_ _7\"/> <span class=\"_ _c4\"> </span><span class=\"lsf6 ws10f\"> 2,2<span class=\"_ _6\"/>06<span class=\"_ _6\"/> </span></span>Other int<span class=\"_ _5\"/>erest inc<span class=\"_ _5\"/>ome<span class=\"_ _21c\"> </span><span class=\"lsef ws11c\"> 1,6<span class=\"_ _6\"/>27<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span> 1,8<span class=\"_ _7\"/>42<span class=\"_ _6\"/> </span>Finance income<span class=\"_ _1b4\"> </span><span class=\"ls141 ws19f\"> 7<span class=\"_ _b\"/>,888<span class=\"_ _5\"/> <span class=\"_ _c4\"> </span><span class=\"ls152 ws17e\"> 4,048 </span></span>Inter<span class=\"_ _5\"/>est expense on l<span class=\"_ _5\"/>oans &amp; borrowings<span class=\"_ _21d\"> </span> (1<span class=\"_ _5\"/>3,556)<span class=\"_ _49\"> </span> (10,8<span class=\"_ _6\"/>87)Inter<span class=\"_ _5\"/>est expense on no<span class=\"_ _5\"/>tional cash pools<span class=\"_ _21e\"> </span> (5,731<span class=\"_ _5\"/>)<span class=\"_ _46\"> </span> (2,31<span class=\"_ _5\"/>0)Other int<span class=\"_ _5\"/>erest e<span class=\"_ _5\"/>xpense<span class=\"_ _17b\"> </span> (1,754)<span class=\"_ _38\"> </span> (2,222)Inter<span class=\"_ _5\"/>est expense on l<span class=\"_ _5\"/>eases <span class=\"_ _21f\"> </span> (7<span class=\"_ _b\"/>,263)<span class=\"_ _38\"> </span> (6<span class=\"_ _6\"/>,61<span class=\"_ _5\"/>6)For<span class=\"_ _5\"/>eign exchange differ<span class=\"_ _5\"/>ences<span class=\"_ _1cc\"> </span><span class=\"ls110 ws15f\"> 6<span class=\"_ _6\"/>53 <span class=\"_ _205\"> </span><span class=\"lsf0 ws15c\"> (24<span class=\"_ _6\"/>5)</span></span>Finance expense<span class=\"_ _220\"> </span> (27<span class=\"_ _b\"/>,651)<span class=\"_ _d6\"> </span> (22<span class=\"_ _6\"/>,28<span class=\"_ _6\"/>0)Fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue change of deriva<span class=\"_ _5\"/>tives<span class=\"_ _221\"> </span> (3,795)<span class=\"_ _3b\"> </span><span class=\"ls10e ws111\"> (<span class=\"_ _7\"/>511<span class=\"_ _6\"/>)</span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1ef\"> </span><span class=\"ls9d ws1\"> (23,558)<span class=\"_ _194\"> </span> (18,7<span class=\"_ _5\"/>43)</span>Finance income incr<span class=\"_ _5\"/>eased to \u20ac7<span class=\"_ _0\"/>.9 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac4.0 million) due t<span class=\"_ _5\"/>o higher int<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es within notiona<span class=\"_ _5\"/>l cash pools.<span class=\"_ _b\"/> Arcadis utiliz<span class=\"_ _5\"/>es notional cash pools,<span class=\"_ _0\"/> in which debit and credit ba<span class=\"_ _5\"/>lances both a<span class=\"_ _b\"/>ttract int<span class=\"_ _5\"/>erest income and int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> expense.Finance expense<span class=\"_ _5\"/>,<span class=\"_ _b\"/> including the int<span class=\"_ _5\"/>erest e<span class=\"_ _5\"/>xpense on leases,<span class=\"_ _b\"/> increased t<span class=\"_ _5\"/>o \u20ac27<span class=\"_ _0\"/>.7 million due t<span class=\"_ _5\"/>o higher gross debt,<span class=\"_ _0\"/> higher inter<span class=\"_ _5\"/>est ra<span class=\"_ _b\"/>tes within no<span class=\"_ _5\"/>tional cash pools,<span class=\"_ _b\"/> offset by<span class=\"_ _5\"/> low<span class=\"_ _5\"/>er other<span class=\"_ _5\"/> inter<span class=\"_ _5\"/>est expenses.<span class=\"_ _0\"/> The inter<span class=\"_ _5\"/>est expense on loans and borr<span class=\"_ _5\"/>owings of<span class=\"_ _5\"/> \u20ac1<span class=\"_ _5\"/>3.6 million (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _5\"/>0.8 million) w<span class=\"_ _5\"/>as higher than las<span class=\"_ _5\"/>t year<span class=\"_ _5\"/> due t<span class=\"_ _5\"/>o higher a<span class=\"_ _5\"/>verage gr<span class=\"_ _5\"/>oss debt <span class=\"_ _5\"/>to <span class=\"_ _5\"/>finance the acquisition o<span class=\"_ _b\"/>f IBI Group and DPS Group,<span class=\"_ _0\"/> and higher inter<span class=\"_ _5\"/>est ra<span class=\"_ _b\"/>tes on floa<span class=\"_ _5\"/>ting inter<span class=\"_ _5\"/>est ra<span class=\"_ _b\"/>te loans (such as sever<span class=\"_ _5\"/>al Schuldschein loans).The carr<span class=\"_ _6\"/>ying amount of the financing transa<span class=\"_ _5\"/>ction fees,<span class=\"_ _b\"/> taken into ac<span class=\"_ _5\"/>count in the va<span class=\"_ _5\"/>luation o<span class=\"_ _5\"/>f the underlying loans and borro<span class=\"_ _5\"/>wings,<span class=\"_ _5\"/> at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 2022 amoun<span class=\"_ _5\"/>ts t<span class=\"_ _5\"/>o \u20ac4.4 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac3.3 million) on the ba<span class=\"_ _5\"/>lance sheet.<span class=\"_ _b\"/> The increase in this <span class=\"_ _6\"/>amount rela<span class=\"_ _5\"/>tes t<span class=\"_ _5\"/>o the transaction fees rela<span class=\"_ _5\"/>ted t<span class=\"_ _5\"/>o the attract<span class=\"_ _5\"/>ed bridge <span class=\"_ _6\"/>loan financing for<span class=\"_ _5\"/> the ac<span class=\"_ _5\"/>quisitions of IBI Gr<span class=\"_ _5\"/>oup and DPS Group.<span class=\"_ _b\"/> The amortized cost<span class=\"_ _5\"/> booked in 20<span class=\"_ _5\"/>22 amounts t<span class=\"_ _5\"/>o \u20ac0.8 million (202<span class=\"_ _b\"/>1: \u20ac0.5 mil<span class=\"_ _5\"/>lion) and is booked under Other<span class=\"_ _5\"/> inter<span class=\"_ _5\"/>est e<span class=\"_ _5\"/>xpense.<span class=\"_ _b\"/> The int<span class=\"_ _5\"/>erest on l<span class=\"_ _5\"/>ease liabilities of<span class=\"_ _5\"/> \u20ac7<span class=\"_ _b\"/>.3 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac6.6 million) is based on the Incrementa<span class=\"_ _5\"/>l Borrowing Ra<span class=\"_ _5\"/>te,<span class=\"_ _0\"/> see note 1<span class=\"_ _b\"/>6<span class=\"_ _6\"/>.<span class=\"_ _5\"/> 12 <span class=\"_\"> </span>Inc<span class=\"_ _5\"/>ome taxesIncome tax<span class=\"_ _5\"/>es comprise current and de<span class=\"_ _5\"/>ferred <span class=\"_ _5\"/>tax<span class=\"_ _6\"/>.<span class=\"_ _5\"/> Income tax is r<span class=\"_ _5\"/>ecognized in pro<span class=\"_ _5\"/>fit or loss,<span class=\"_ _b\"/> excep<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o the ext<span class=\"_ _5\"/>ent <span class=\"_ _5\"/>that <span class=\"_ _5\"/>the tax arises from it<span class=\"_ _5\"/>ems recognized in o<span class=\"_ _5\"/>ther compr<span class=\"_ _5\"/>ehensive income,<span class=\"_ _b\"/> directly<span class=\"_ _5\"/> in equity or fr<span class=\"_ _5\"/>om a business combination.When the Group c<span class=\"_ _5\"/>onsiders it probable <span class=\"_ _5\"/>that tax<span class=\"_ _5\"/> authorities accep<span class=\"_ _5\"/>t a tax <span class=\"_ _5\"/>treatment<span class=\"_ _5\"/> it will be <span class=\"_ _5\"/>treat<span class=\"_ _5\"/>ed as such in the income tax <span class=\"_ _5\"/>filings.<span class=\"_ _5\"/> When it is no<span class=\"_ _5\"/>t considered probabl<span class=\"_ _5\"/>e that<span class=\"_ _5\"/> a tax trea<span class=\"_ _5\"/>tment is a<span class=\"_ _5\"/>ccept<span class=\"_ _5\"/>ed,<span class=\"_ _b\"/> the Group uses the most<span class=\"_ _5\"/> likel<span class=\"_ _5\"/>y amount or the expected v<span class=\"_ _5\"/>alue of<span class=\"_ _5\"/> the tax treatment<span class=\"_ _5\"/> Current<span class=\"_ _5\"/> taxCurrent<span class=\"_ _5\"/> tax is the <span class=\"_ _6\"/>expected tax pay<span class=\"_ _5\"/>able on taxable income for the y<span class=\"_ _5\"/>ear and adjustments to tax pa<span class=\"_ _5\"/>yable relat<span class=\"_ _5\"/>ed to previous <span class=\"_ _5\"/>years.<span class=\"_ _5\"/> It is measured using <span class=\"_ _5\"/>the tax ra<span class=\"_ _5\"/>tes enacted or<span class=\"_ _5\"/> substantivel<span class=\"_ _b\"/>y enacted at<span class=\"_ _5\"/> the reporting dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The difference between income <span class=\"_ _5\"/>tax recognized in pr<span class=\"_ _5\"/>ofit or l<span class=\"_ _5\"/>oss and income tax paid in the cash <span class=\"_ _5\"/>flow sta<span class=\"_ _5\"/>tement<span class=\"_ _5\"/> differs primaril<span class=\"_ _5\"/>y due t<span class=\"_ _5\"/>o deferr<span class=\"_ _5\"/>ed tax recogniz<span class=\"_ _5\"/>ed on tempor<span class=\"_ _5\"/>ar<span class=\"_ _6\"/>y differ<span class=\"_ _5\"/>ences and payment<span class=\"_ _5\"/> of inc<span class=\"_ _5\"/>ome tax occurring aft<span class=\"_ _5\"/>er the reporting dat<span class=\"_ _5\"/>e.Deferr<span class=\"_ _5\"/>ed taxDeferr<span class=\"_ _5\"/>ed tax is recogniz<span class=\"_ _5\"/>ed using the balance shee<span class=\"_ _5\"/>t method and it is no<span class=\"_ _5\"/>t recogniz<span class=\"_ _5\"/>ed for:\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">the initial recognition o<span class=\"_ _5\"/>f goodwill;</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">the initial recognition o<span class=\"_ _5\"/>f assets or liabilities <span class=\"_ _5\"/>that a<span class=\"_ _5\"/>\ue61dect neither a<span class=\"_ _5\"/>ccounting nor<span class=\"_ _5\"/> taxable pro<span class=\"_ _5\"/>fit or l<span class=\"_ _5\"/>oss; and</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1d\">investments in subsidiaries to the ext<span class=\"_ _5\"/>ent tha<span class=\"_ _5\"/>t they wil<span class=\"_ _5\"/>l probably no<span class=\"_ _5\"/>t reverse in the for<span class=\"_ _5\"/>eseeable future.</span>Measurement<span class=\"_ _5\"/> of def<span class=\"_ _5\"/>erred tax is based upon <span class=\"_ _5\"/>tax rat<span class=\"_ _5\"/>es enacted or<span class=\"_ _5\"/> substantiall<span class=\"_ _b\"/>y enacted expected <span class=\"_ _5\"/>to be applied in the years in which <span class=\"_ _5\"/>the tempor<span class=\"_ _5\"/>ar<span class=\"_ _6\"/>y differenc<span class=\"_ _5\"/>es are expected <span class=\"_ _5\"/>to rev<span class=\"_ _5\"/>erse.<span class=\"_ _b\"/> Deferred tax<span class=\"_ _5\"/>es are not<span class=\"_ _5\"/> discounted.A def<span class=\"_ _5\"/>erred tax asse<span class=\"_ _5\"/>t is recognized <span class=\"_ _5\"/>for unused <span class=\"_ _5\"/>tax losses,<span class=\"_ _b\"/> tax credits and deductible t<span class=\"_ _5\"/>emporary differences,<span class=\"_ _b\"/> to <span class=\"_ _5\"/>the exten<span class=\"_ _5\"/>t that<span class=\"_ _5\"/> it is probable <span class=\"_ _5\"/>that futur<span class=\"_ _5\"/>e profits wil<span class=\"_ _5\"/>l be available a<span class=\"_ _5\"/>gainst which <span class=\"_ _5\"/>they can be utilized.<span class=\"_ _b\"/> Deferr<span class=\"_ _5\"/>ed tax assets are reduced <span class=\"_ _5\"/>to the ext<span class=\"_ _5\"/>ent <span class=\"_ _5\"/>that it<span class=\"_ _5\"/> is no longer probabl<span class=\"_ _5\"/>e that <span class=\"_ _5\"/>the relat<span class=\"_ _5\"/>ed tax benefit <span class=\"_ _5\"/>will be realiz<span class=\"_ _5\"/>ed.<span class=\"_ _5\"/> Income tax<span class=\"_ _5\"/> recognized in pro<span class=\"_ _b\"/>f<span class=\"_ _6\"/>it or l<span class=\"_ _5\"/>oss for<span class=\"_ _5\"/> the period:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Current<span class=\"_ _5\"/> tax expenseCurrent<span class=\"_ _5\"/> year<span class=\"_ _1a9\"> </span><span class=\"ls6f ws77\">1<span class=\"_ _5\"/>18,<span class=\"_ _6\"/>555 <span class=\"_ _29\"> </span><span class=\"ls9d ws1\"> 58<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>48<span class=\"_ _6\"/> </span></span>Adjustments f<span class=\"_ _5\"/>or previous years<span class=\"_ _c9\"> </span><span class=\"ls119 ws136\">9,057<span class=\"_ _6\"/> <span class=\"_ _46\"> </span></span><span class=\"ws1\"> (8,427)</span>T<span class=\"_ _b\"/>otal current<span class=\"_ _5\"/> tax expense<span class=\"_ _22c\"> </span><span class=\"lsfb ws134\"> 127,612<span class=\"_ _7\"/> <span class=\"_ _18a\"> </span><span class=\"ls117 ws12a\"> 4<span class=\"_ _6\"/>9,<span class=\"_ _6\"/>621<span class=\"_ _6\"/> </span></span>Deferr<span class=\"_ _5\"/>ed tax expenseOrigination and re<span class=\"_ _5\"/>versal of<span class=\"_ _5\"/> tempor<span class=\"_ _5\"/>ar<span class=\"_ _6\"/>y differ<span class=\"_ _5\"/>ences<span class=\"_ _f5\"> </span><span class=\"wsac\">(5<span class=\"_ _5\"/>3,0<span class=\"_ _6\"/>46<span class=\"_ _6\"/>)<span class=\"_ _149\"> </span><span class=\"ls3e ws132\"> (826<span class=\"_ _6\"/>)</span></span>Adjustments f<span class=\"_ _5\"/>or previous years<span class=\"_ _22d\"> </span><span class=\"wsac\">(1<span class=\"_ _5\"/>2,30<span class=\"_ _6\"/>9)<span class=\"_ _149\"> </span><span class=\"ls10c ws136\"> (4<span class=\"_ _6\"/>4<span class=\"_ _6\"/>3)</span></span>Changes in tax ra<span class=\"_ _5\"/>tes<span class=\"_ _1e9\"> </span><span class=\"ls3e ws3a\">339 <span class=\"_ _19a\"> </span></span> 3,856 (De)recognition o<span class=\"_ _5\"/>f def<span class=\"_ _5\"/>erred tax assets<span class=\"_ _22e\"> </span><span class=\"wsac\">(1,894)<span class=\"_ _149\"> </span><span class=\"lsf2 ws148\"> (5<span class=\"_ _6\"/>27)</span></span>T<span class=\"_ _b\"/>otal def<span class=\"_ _5\"/>erred tax expense<span class=\"_ _1a5\"> </span><span class=\"ls6f ws77\">(66<span class=\"_ _6\"/>,<span class=\"_ _6\"/>910)<span class=\"_ _51\"> </span><span class=\"ls3 ws137\"> 2,0<span class=\"_ _6\"/>60 </span></span>T<span class=\"_ _b\"/>otal income <span class=\"_ _5\"/>tax expense<span class=\"_ _119\"> </span><span class=\"ls3 ws137\"> 60,7<span class=\"_ _5\"/>02 <span class=\"_ _71\"> </span><span class=\"lsfc ws11b\"> 51,6<span class=\"_ _7\"/>81<span class=\"_ _6\"/> </span></span>In 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> the US T<span class=\"_ _b\"/>ax Cuts and <span class=\"_ _5\"/>Jobs Act of<span class=\"_ _5\"/> 201<span class=\"_ _b\"/>7 eliminat<span class=\"_ _5\"/>ed the op<span class=\"_ _5\"/>tion to deduct r<span class=\"_ _5\"/>esearch and devel<span class=\"_ _5\"/>opment expenditures immedia<span class=\"_ _5\"/>tel<span class=\"_ _b\"/>y in the y<span class=\"_ _5\"/>ear incurred and requir<span class=\"_ _5\"/>es taxpayers <span class=\"_ _5\"/>to amortize such expenditur<span class=\"_ _5\"/>es over <span class=\"_ _5\"/>five years f<span class=\"_ _b\"/>or tax purposes.<span class=\"_ _b\"/> This provision r<span class=\"_ _5\"/>esult<span class=\"_ _5\"/>ed in a current<span class=\"_ _5\"/> tax pa<span class=\"_ _5\"/>yable per <span class=\"_ _5\"/>the end of<span class=\"_ _5\"/> 2022 o<span class=\"_ _5\"/>f appro<span class=\"_ _5\"/>ximat<span class=\"_ _5\"/>ely \u20ac4<span class=\"_ _5\"/>7 million and a net de<span class=\"_ _5\"/>ferred <span class=\"_ _5\"/>tax asset incr<span class=\"_ _5\"/>ease of \u20ac4<span class=\"_ _b\"/>7 million.<span class=\"_ _b\"/> This provision is also e<span class=\"_ _5\"/>xpected t<span class=\"_ _5\"/>o increase our 2023 curr<span class=\"_ _5\"/>ent <span class=\"_ _5\"/>tax payabl<span class=\"_ _5\"/>e with a comparabl<span class=\"_ _5\"/>e amount,<span class=\"_ _b\"/> depending on among others the amoun<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> research and devel<span class=\"_ _5\"/>opment expenses in 2<span class=\"_ _5\"/>023.<span class=\"_ _b\"/> While the lar<span class=\"_ _5\"/>gest impact<span class=\"_ _5\"/> of <span class=\"_ _5\"/>this provision is expect<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o be in 2022,<span class=\"_ _0\"/> the impact <span class=\"_ _5\"/>will continue ov<span class=\"_ _5\"/>er the <span class=\"_ _5\"/>five-year<span class=\"_ _5\"/> amor<span class=\"_ _6\"/>tization period,<span class=\"_ _0\"/> but will decrease o<span class=\"_ _5\"/>ver <span class=\"_ _5\"/>time and is expected t<span class=\"_ _5\"/>o be immat<span class=\"_ _5\"/>erial in y<span class=\"_ _5\"/>ear six.A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the corpora<span class=\"_ _5\"/>te income <span class=\"_ _5\"/>tax receiv<span class=\"_ _5\"/>able amount<span class=\"_ _5\"/>ed to \u20ac1<span class=\"_ _0\"/>7<span class=\"_ _b\"/>.8 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac27<span class=\"_ _0\"/>.1 million) and the corpor<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e income tax liability<span class=\"_ _5\"/> amounted <span class=\"_ _5\"/>to \u20ac63.5 mil<span class=\"_ _5\"/>lion (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac19<span class=\"_ _5\"/>.1 million).<span class=\"_ _b\"/> During 2022,<span class=\"_ _b\"/> the Group paid corpor<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e income taxes <span class=\"_ _5\"/>for<span class=\"_ _5\"/> a to<span class=\"_ _5\"/>tal amount<span class=\"_ _5\"/> of \u20ac7<span class=\"_ _b\"/>0.4 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac66<span class=\"_ _6\"/>.7 million).The effective c<span class=\"_ _5\"/>orporat<span class=\"_ _5\"/>e income tax r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e (income tax<span class=\"_ _5\"/>es divided by pro<span class=\"_ _5\"/>fit bef<span class=\"_ _5\"/>ore income tax,<span class=\"_ _b\"/> mainly<span class=\"_ _5\"/> excl<span class=\"_ _5\"/>uding to<span class=\"_ _5\"/>tal resul<span class=\"_ _b\"/>t from in<span class=\"_ _5\"/>vestments) is 3<span class=\"_ _5\"/>1<span class=\"_ _5\"/>.3% (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: excl<span class=\"_ _5\"/>uding t<span class=\"_ _5\"/>otal r<span class=\"_ _5\"/>esult<span class=\"_ _5\"/> from inv<span class=\"_ _5\"/>estments and t<span class=\"_ _b\"/>otal resul<span class=\"_ _b\"/>t from ALEN: 25.1<span class=\"_ _b\"/>%).<span class=\"_ _5\"/> For<span class=\"_ _5\"/> further informa<span class=\"_ _5\"/>tion rela<span class=\"_ _5\"/>ted t<span class=\"_ _b\"/>o ALEN,<span class=\"_ _5\"/> ref<span class=\"_ _5\"/>er <span class=\"_ _5\"/>to No<span class=\"_ _5\"/>te 1<span class=\"_ _b\"/>7 in 202<span class=\"_ _5\"/>1 Annual Int<span class=\"_ _5\"/>egra<span class=\"_ _5\"/>ted Report.<span class=\"_ _b\"/> F<span class=\"_ _5\"/>or 2022 <span class=\"_ _5\"/>the effective <span class=\"_ _5\"/>tax rat<span class=\"_ _5\"/>e was impa<span class=\"_ _5\"/>cted by non-deductible loss on div<span class=\"_ _5\"/>estments o<span class=\"_ _5\"/>f \u20ac30.1 million.<span class=\"_ _b\"/> Excl<span class=\"_ _5\"/>uding this loss,<span class=\"_ _b\"/> but including <span class=\"_ _5\"/>the to<span class=\"_ _b\"/>tal resul<span class=\"_ _5\"/>t from in<span class=\"_ _5\"/>vestments <span class=\"_ _5\"/>the effective <span class=\"_ _5\"/>tax rat<span class=\"_ _5\"/>e is 27<span class=\"_ _0\"/>.0%.The effective <span class=\"_ _5\"/>tax rat<span class=\"_ _b\"/>e dif<span class=\"_ _6\"/>fers <span class=\"_ _5\"/>from the corpor<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e income tax ra<span class=\"_ _b\"/>te in the Netherlands,<span class=\"_ _0\"/> primarily due <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the net negativ<span class=\"_ _5\"/>e impact of<span class=\"_ _5\"/> non-deduc<span class=\"_ _6\"/>tible it<span class=\"_ _5\"/>ems and statut<span class=\"_ _5\"/>ory tax ra<span class=\"_ _5\"/>tes in jurisdictions in which <span class=\"_ _5\"/>we opera<span class=\"_ _5\"/>te tha<span class=\"_ _b\"/>t are differen<span class=\"_ _5\"/>t than <span class=\"_ _5\"/>the Dutch sta<span class=\"_ _5\"/>tutory income <span class=\"_ _5\"/>tax ra<span class=\"_ _5\"/>te.<span class=\"_ _0\"/> The net nega<span class=\"_ _5\"/>tive impact <span class=\"_ _5\"/>was partiall<span class=\"_ _5\"/>y offset<span class=\"_ _5\"/> by changes in de-recognition o<span class=\"_ _5\"/>f def<span class=\"_ _5\"/>erred tax assets,<span class=\"_ _0\"/> prior year<span class=\"_ _5\"/> adjustments and o<span class=\"_ _5\"/>ther<span class=\"_ _0\"/>.In % and \u20ac thousands<span class=\"_ _82\"> </span>2022 (%)<span class=\"_ _109\"> </span><span class=\"ls10d ws12b\">2022<span class=\"_ _d5\"> </span></span><span class=\"ff2 fc6\">2021 (%)<span class=\"_ _109\"> </span><span class=\"lscd wse4\">2021</span></span>Corpora<span class=\"_ _5\"/>te tax r<span class=\"_ _5\"/>ate in <span class=\"_ _5\"/>the Netherlands<span class=\"_ _1f\"> </span><span class=\"wsac\">25.8<span class=\"_ _38\"> </span><span class=\"ls110 ws15f\"> 5<span class=\"_ _6\"/>0,0<span class=\"_ _6\"/>81<span class=\"_ _6\"/> <span class=\"_ _109\"> </span></span>25<span class=\"_ _6\"/>.0<span class=\"_ _223\"> </span><span class=\"lsf8 wse9\"> 51,<span class=\"_ _6\"/>5<span class=\"_ _7\"/>4<span class=\"_ _6\"/>6<span class=\"_ _7\"/> </span></span>Adjustment<span class=\"_ _5\"/> corporat<span class=\"_ _5\"/>e income tax ra<span class=\"_ _5\"/>tes o<span class=\"_ _5\"/>ther countries<span class=\"_ _161\"> </span>1.5<span class=\"_ _205\"> </span><span class=\"lsf6 ws10f\"> 2,9<span class=\"_ _6\"/>6<span class=\"_ _6\"/>4 <span class=\"_ _83\"> </span></span> (0.2)<span class=\"_ _4b\"> </span><span class=\"ls111 ws20\"> (<span class=\"_ _6\"/>47<span class=\"_ _6\"/>1)</span>W<span class=\"_ _5\"/>eighted a<span class=\"_ _5\"/>verage corpor<span class=\"_ _5\"/>ate inc<span class=\"_ _5\"/>ome tax ra<span class=\"_ _5\"/>te<span class=\"_ _6f\"> </span>2<span class=\"_ _6\"/>7.<span class=\"_ _6\"/>3<span class=\"_ _76\"> </span> 53,0<span class=\"_ _6\"/>45<span class=\"_ _6\"/> <span class=\"_ _109\"> </span><span class=\"lsf6 ws112\">24.<span class=\"_ _6\"/>8<span class=\"_ _223\"> </span><span class=\"lsfc ws11b\"> 51<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>75<span class=\"_ _6\"/> </span></span>Non-deductible expenses/(income)<span class=\"_ _144\"> </span> 9.2<span class=\"_ _6\"/> <span class=\"_ _13e\"> </span><span class=\"lsed ws163\"> 1<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>0<span class=\"_ _7\"/>7<span class=\"_ _7\"/> <span class=\"_ _53\"> </span></span> 3<span class=\"_ _6\"/>.1 <span class=\"_ _19a\"> </span><span class=\"lsfa ws43\"> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>422<span class=\"_ _6\"/> </span>(De)recognition o<span class=\"_ _5\"/>f def<span class=\"_ _5\"/>erred tax assets<span class=\"_ _89\"> </span> (1.4)<span class=\"_ _13e\"> </span> (2,636)<span class=\"_ _109\"> </span> (0.3)<span class=\"_ _149\"> </span><span class=\"lsf2 ws148\"> (5<span class=\"_ _6\"/>27)</span>Adjustments f<span class=\"_ _5\"/>or previous years<span class=\"_ _22f\"> </span><span class=\"ws1\"> (1.7)<span class=\"_ _38\"> </span> (3,252)<span class=\"_ _109\"> </span> (4.3)<span class=\"_ _13e\"> </span> (8<span class=\"_ _6\"/>,870)</span>Other<span class=\"_ _230\"> </span> (2.1<span class=\"_ _5\"/>)<span class=\"_ _46\"> </span> (4,262)<span class=\"_ _133\"> </span><span class=\"lsfc ws11b\"> 1.<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span><span class=\"ls110 ws15f\"> 3<span class=\"_ _6\"/>,581<span class=\"_ _6\"/> </span></span>1 2Effective tax ra<span class=\"_ _5\"/>te  31.3<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span> 60,702 <span class=\"_ _3b\"> </span><span class=\"ls9d ws1\"> 25.1 <span class=\"_ _71\"> </span><span class=\"lsfc ws11b\"> 51,6<span class=\"_ _7\"/>81<span class=\"_ _6\"/> </span></span>1 T<span class=\"_ _b\"/>a<span class=\"_ _6\"/>xes on income divided by<span class=\"_ _5\"/> Income before <span class=\"_ _5\"/>taxes,<span class=\"_ _5\"/> excluding r<span class=\"_ _5\"/>esult fr<span class=\"_ _5\"/>om Investments ac<span class=\"_ _5\"/>counted f<span class=\"_ _5\"/>or using the equity me<span class=\"_ _5\"/>thod.2 The normalized ETR e<span class=\"_ _5\"/>xcluding non-deductible loss on divestments o<span class=\"_ _5\"/>f \u20ac30,1 million is 27<span class=\"_ _b\"/>.0<span class=\"_ _6\"/>%Def<span class=\"_ _5\"/>erred taxThe movemen<span class=\"_ _5\"/>t in def<span class=\"_ _5\"/>erred tax ba<span class=\"_ _5\"/>lances during the y<span class=\"_ _5\"/>ear 202<span class=\"_ _5\"/>2 was as f<span class=\"_ _b\"/>ollows:The movemen<span class=\"_ _5\"/>t in def<span class=\"_ _5\"/>erred tax ba<span class=\"_ _5\"/>lances during the y<span class=\"_ _5\"/>ear 202<span class=\"_ _b\"/>1 was as f<span class=\"_ _5\"/>ollo<span class=\"_ _5\"/>ws:Recogniz<span class=\"_ _5\"/>ed in Net ba<span class=\"_ _5\"/>lance at Recogniz<span class=\"_ _5\"/>ed inOther compr<span class=\"_ _5\"/>ehensive ExchangeNet ba<span class=\"_ _5\"/>lance atIn \u20ac thousands1 January <span class=\"_ _6\"/>2022profit<span class=\"_ _5\"/> or lossincome and Equity<span class=\"_ _54\"> </span><span class=\"wsac\">Acquisitions<span class=\"_ _16a\"> </span>Other</span>rat<span class=\"_ _5\"/>e differences31 December<span class=\"_ _5\"/> 2022<span class=\"_ _163\"> </span><span class=\"wsac\">Assets<span class=\"_ _3b\"> </span>Liabilities</span>Intangible assets and goodwil<span class=\"_ _5\"/>l<span class=\"_ _231\"> </span><span class=\"wsac\">(59,861<span class=\"_ _b\"/>)<span class=\"_ _158\"> </span><span class=\"ls10d ws12b\">4,292<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _16a\"> </span></span></span>(1,7<span class=\"_ _5\"/>83)<span class=\"_ _2e\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-  <span class=\"_ _13d\"> </span></span>(1,14<span class=\"_ _b\"/>1)<span class=\"_ _58\"> </span>(58<span class=\"_ _6\"/>,493)<span class=\"_ _a1\"> </span><span class=\"ls13e ws168\">838 <span class=\"_ _53\"> </span></span>(59,33<span class=\"_ _5\"/>1)</span>Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipment<span class=\"_ _232\"> </span><span class=\"lsef ws10b\">1,916<span class=\"_ _6\"/> <span class=\"_ _9d\"> </span></span><span class=\"wsac\">(985)<span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _16a\"> </span></span>(1,572<span class=\"_ _5\"/>)<span class=\"_ _a1\"> </span><span class=\"ls3 ws1\">546 <span class=\"_ _3e\"> </span><span class=\"ls10f ws12c\">15<span class=\"_ _7\"/>0 <span class=\"_ _20f\"> </span><span class=\"ls6f ws77\">55<span class=\"_ _6\"/> <span class=\"_ _c8\"> </span><span class=\"lsef ws10b\">1,9<span class=\"_ _6\"/>27<span class=\"_ _6\"/> <span class=\"_ _15b\"> </span></span></span></span></span>(1,872)</span>Right-of<span class=\"_ _5\"/>-use assets and lease liabilities<span class=\"_ _75\"> </span>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>51<span class=\"_ _7\"/> <span class=\"_ _9a\"> </span>(242)<span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _9c\"> </span></span>345 <span class=\"_ _233\"> </span>(<span class=\"_ _6\"/>21)<span class=\"_ _a1\"> </span>28<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _c8\"> </span><span class=\"lsf5 ws111\">6<span class=\"_ _6\"/>,<span class=\"_ _7\"/>717<span class=\"_ _6\"/> <span class=\"_ _c8\"> </span>6<span class=\"_ _7\"/>,<span class=\"_ _6\"/>717<span class=\"_ _7\"/> <span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-  </span></span>Contr<span class=\"_ _5\"/>act assets and liabilities<span class=\"_ _af\"> </span><span class=\"wsac\">(2,6<span class=\"_ _6\"/>82)<span class=\"_ _156\"> </span><span class=\"ls100 ws11c\">2<span class=\"_ _6\"/>,323<span class=\"_ _6\"/> <span class=\"_ _3d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _ff\"> </span></span></span>(1<span class=\"_ _5\"/>1,698)<span class=\"_ _2e\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-  <span class=\"_ _1bb\"> </span><span class=\"lsfb ws117\">1,14<span class=\"_ _7\"/>4<span class=\"_ _6\"/> <span class=\"_ _53\"> </span></span></span>(10,913<span class=\"_ _5\"/>)<span class=\"_ _158\"> </span><span class=\"ls119 ws136\">9,357 <span class=\"_ _133\"> </span></span>(20,270)</span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _234\"> </span>(2<span class=\"_ _6\"/>3)<span class=\"_ _d1\"> </span>22 <span class=\"_ _3d\"> </span> - <span class=\"_ _6f\"> </span><span class=\"ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _5c\"> </span> <span class=\"_ _c\"> </span>-  <span class=\"_ _5c\"> </span><span class=\"ls3 ws1\">1 <span class=\"_ _3d\"> </span></span> <span class=\"_ _c\"> </span>-  <span class=\"_ _5c\"> </span><span class=\"ls3 ws18b\"> -<span class=\"_ _1c1\"> </span></span> <span class=\"_ _c\"> </span>-  </span>Accrued expenses<span class=\"_ _162\"> </span>23<span class=\"_ _6\"/>,649<span class=\"_ _6\"/> <span class=\"_ _158\"> </span>2,<span class=\"_ _6\"/>558<span class=\"_ _6\"/> <span class=\"_ _3d\"> </span> - <span class=\"_ _20\"> </span><span class=\"lsee ws10a\">3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>13<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _157\"> </span></span>(2,6<span class=\"_ _6\"/>4<span class=\"_ _6\"/>0)<span class=\"_ _158\"> </span>1,<span class=\"_ _6\"/>187<span class=\"_ _6\"/> <span class=\"_ _66\"> </span><span class=\"lsed ws109\">2<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>8<span class=\"_ _7\"/>7<span class=\"_ _7\"/> <span class=\"_ _66\"> </span>2<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>9<span class=\"_ _6\"/>3<span class=\"_ _7\"/>6<span class=\"_ _7\"/> <span class=\"_ _1c5\"> </span><span class=\"lsff ws11b\">(<span class=\"_ _6\"/>49)</span></span>Share-based compensation<span class=\"_ _f7\"> </span>3,<span class=\"_ _6\"/>078 <span class=\"_ _9d\"> </span>(457<span class=\"_ _6\"/>)<span class=\"_ _2e\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _6f\"> </span><span class=\"ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _1bd\"> </span></span> - <span class=\"_ _233\"> </span><span class=\"ls102 ws11e\">195<span class=\"_ _6\"/> <span class=\"_ _c8\"> </span><span class=\"lsef ws10b\">2,<span class=\"_ _6\"/>816<span class=\"_ _6\"/> <span class=\"_ _c8\"> </span>2,<span class=\"_ _6\"/>816<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span></span></span><span class=\"ws176\"> <span class=\"_ _4\"> </span>-  </span></span>Deferr<span class=\"_ _5\"/>ed compensation<span class=\"_ _19f\"> </span>(3,336)<span class=\"_ _66\"> </span>(1,00<span class=\"_ _6\"/>9)<span class=\"_ _156\"> </span>4,896<span class=\"_ _6\"/> <span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-  <span class=\"_ _64\"> </span><span class=\"lsef ws10b\">1,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>9<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _d1\"> </span><span class=\"ls128 ws148\">87<span class=\"_ _6\"/> <span class=\"_ _158\"> </span><span class=\"ls110 ws15c\">2,53<span class=\"_ _6\"/>6 <span class=\"_ _c8\"> </span>2,536 <span class=\"_ _1b6\"> </span></span></span></span> <span class=\"_ _4\"> </span>-  </span>Net oper<span class=\"_ _5\"/>ating losses<span class=\"_ _1f6\"> </span>8,6<span class=\"_ _6\"/>8<span class=\"_ _6\"/>4 <span class=\"_ _c8\"> </span>8,<span class=\"_ _6\"/>924<span class=\"_ _6\"/> <span class=\"_ _3d\"> </span> - <span class=\"_ _188\"> </span><span class=\"ls100 ws11c\">4<span class=\"_ _6\"/>,332 <span class=\"_ _1b6\"> </span></span><span class=\"ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _2d\"> </span><span class=\"ls143 ws16e\">(666)<span class=\"_ _ff\"> </span><span class=\"lsf7 ws113\">2<span class=\"_ _6\"/>1<span class=\"_ _6\"/>,<span class=\"_ _7\"/>274<span class=\"_ _7\"/> <span class=\"_ _66\"> </span>2<span class=\"_ _6\"/>1<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>74<span class=\"_ _7\"/> <span class=\"_ _3d\"> </span></span></span> <span class=\"_ _c\"> </span>-  </span>Provisions<span class=\"_ _235\"> </span>5,0<span class=\"_ _6\"/>82 <span class=\"_ _158\"> </span>2,342 <span class=\"_ _2e\"> </span> - <span class=\"_ _a1\"> </span><span class=\"ls10d ws12b\">(92<span class=\"_ _6\"/>9)<span class=\"_ _15b\"> </span></span>(1,1<span class=\"_ _b\"/>25)<span class=\"_ _3e\"> </span>16<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _158\"> </span>5<span class=\"_ _6\"/>,5<span class=\"_ _6\"/>37 <span class=\"_ _c8\"> </span><span class=\"ls12d ws14f\">6,<span class=\"_ _6\"/>76<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _15b\"> </span></span>(1,228)Others<span class=\"_ _15c\"> </span>(3,0<span class=\"_ _6\"/>53)<span class=\"_ _159\"> </span>4<span class=\"_ _6\"/>9<span class=\"_ _6\"/>,<span class=\"_ _6\"/>142<span class=\"_ _7\"/> <span class=\"_ _3d\"> </span> - <span class=\"_ _a1\"> </span>(<span class=\"_ _6\"/>6<span class=\"_ _6\"/>61)<span class=\"_ _3e\"> </span><span class=\"lsec ws108\">10<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _79\"> </span></span>(1,3<span class=\"_ _5\"/>14<span class=\"_ _5\"/>)<span class=\"_ _8b\"> </span>4<span class=\"_ _6\"/>4,223 <span class=\"_ _ff\"> </span><span class=\"lsf6 ws112\">49,6<span class=\"_ _6\"/>83 <span class=\"_ _157\"> </span></span>(5<span class=\"_ _6\"/>,46<span class=\"_ _6\"/>0)Deferr<span class=\"_ _5\"/>ed tax assets/liabilities<span class=\"_ _236\"> </span><span class=\"ws1\"> (20,195)<span class=\"_ _133\"> </span><span class=\"ls6f ws13a\"> 6<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,9<span class=\"_ _6\"/>10 <span class=\"_ _15b\"> </span><span class=\"ls152 ws17e\"> 4,896 <span class=\"_ _8b\"> </span></span></span> (8<span class=\"_ _6\"/>,833)<span class=\"_ _8b\"> </span> (1,233)<span class=\"_ _233\"> </span><span class=\"ls3 ws137\"> 94 <span class=\"_ _7d\"> </span><span class=\"lscd ws108\"> 41<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>3<span class=\"_ _6\"/>9<span class=\"_ _7\"/> <span class=\"_ _3b\"> </span><span class=\"lsfb ws134\"> 12<span class=\"_ _6\"/>9<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>4<span class=\"_ _7\"/>9 <span class=\"_ _109\"> </span></span></span></span> (88<span class=\"_ _6\"/>,210)</span>Offsetting<span class=\"_ _237\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _1b6\"> </span> - <span class=\"_ _6f\"> </span> - <span class=\"_ _6f\"> </span> - <span class=\"_ _238\"> </span> - <span class=\"_ _238\"> </span> - <span class=\"_ _6f\"> </span> - <span class=\"_ _7d\"> </span></span><span class=\"ws1\"> (57<span class=\"_ _b\"/>,939)<span class=\"_ _1b7\"> </span><span class=\"lsed ws163\"> 5<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>3<span class=\"_ _7\"/>9<span class=\"_ _7\"/> </span></span>Net def<span class=\"_ _5\"/>erred taxes<span class=\"_ _239\"> </span><span class=\"ws1\"> (20,195)<span class=\"_ _133\"> </span><span class=\"ls6f ws13a\"> 6<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,9<span class=\"_ _6\"/>10 <span class=\"_ _15b\"> </span><span class=\"ls152 ws17e\"> 4,896 <span class=\"_ _8b\"> </span></span></span> (8<span class=\"_ _6\"/>,833)<span class=\"_ _8b\"> </span> (1,233)<span class=\"_ _233\"> </span><span class=\"ls3 ws137\"> 94 <span class=\"_ _7d\"> </span><span class=\"lscd ws108\"> 41<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>3<span class=\"_ _6\"/>9<span class=\"_ _7\"/> <span class=\"_ _7d\"> </span><span class=\"ls57 ws164\"> 71<span class=\"_ _6\"/>,910<span class=\"_ _6\"/> <span class=\"_ _83\"> </span></span></span></span> (30,271<span class=\"_ _b\"/>)</span>Recogniz<span class=\"_ _5\"/>ed in Net ba<span class=\"_ _5\"/>lance at Recogniz<span class=\"_ _5\"/>ed inOther compr<span class=\"_ _5\"/>ehensive ExchangeNet ba<span class=\"_ _5\"/>lance atIn \u20ac thousands1 January <span class=\"_ _6\"/>2021profit<span class=\"_ _5\"/> or lossincome and Equity<span class=\"_ _54\"> </span><span class=\"wsac\">Acquisitions<span class=\"_ _16a\"> </span>Other</span>rat<span class=\"_ _5\"/>e differences31 December<span class=\"_ _5\"/> 2021Assets<span class=\"_ _3b\"> </span>LiabilitiesIntangible assets and goodwil<span class=\"_ _5\"/>l<span class=\"_ _1e\"> </span> (46<span class=\"_ _6\"/>,869)<span class=\"_ _159\"> </span> (8,526)<span class=\"_ _2e\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _6f\"> </span> - <span class=\"_ _1bb\"> </span></span> (9<span class=\"_ _6\"/>85)<span class=\"_ _159\"> </span> (3<span class=\"_ _6\"/>,481)<span class=\"_ _109\"> </span> (59,861<span class=\"_ _5\"/>)<span class=\"_ _9a\"> </span><span class=\"ls3 ws137\"> 303 <span class=\"_ _83\"> </span></span> (59,87<span class=\"_ _b\"/>6<span class=\"_ _6\"/>)Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipment<span class=\"_ _23a\"> </span> 74<span class=\"_ _7\"/>0<span class=\"_ _6\"/> <span class=\"_ _9a\"> </span><span class=\"ls3 ws137\"> 30<span class=\"_ _6\"/>0 <span class=\"_ _1b6\"> </span><span class=\"ls14a\"> - <span class=\"_ _238\"> </span> - <span class=\"_ _a1\"> </span><span class=\"ls13b ws198\"> 808 <span class=\"_ _1bf\"> </span></span></span> 68 <span class=\"_ _163\"> </span><span class=\"lsef ws11c\"> 1,916<span class=\"_ _6\"/> <span class=\"_ _163\"> </span><span class=\"ls10e ws111\"> 2<span class=\"_ _7\"/>,<span class=\"_ _6\"/>11<span class=\"_ _6\"/>5<span class=\"_ _7\"/> <span class=\"_ _3d\"> </span></span></span><span class=\"ls14a\"> - </span></span>Right-of<span class=\"_ _5\"/>-use assets and lease liabilities<span class=\"_ _67\"> </span> 5<span class=\"_ _6\"/>,26<span class=\"_ _6\"/>3 <span class=\"_ _23b\"> </span> 726 <span class=\"_ _1b6\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _238\"> </span> - <span class=\"_ _6f\"> </span> - <span class=\"_ _3e\"> </span><span class=\"ls48 ws167\"> 362 <span class=\"_ _163\"> </span><span class=\"lsf8 wse9\"> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>51<span class=\"_ _6\"/> <span class=\"_ _79\"> </span><span class=\"ls2 ws14a\"> 6,352<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span></span></span></span> - </span>Contr<span class=\"_ _5\"/>act assets and liabilities<span class=\"_ _23c\"> </span> (8,8<span class=\"_ _6\"/>83)<span class=\"_ _160\"> </span> 6<span class=\"_ _6\"/>,385<span class=\"_ _6\"/> <span class=\"_ _3d\"> </span> - <span class=\"_ _6f\"> </span> - <span class=\"_ _238\"> </span> - <span class=\"_ _9a\"> </span><span class=\"lsfc ws11b\"> (18<span class=\"_ _6\"/>4<span class=\"_ _6\"/>)<span class=\"_ _159\"> </span></span> (2,68<span class=\"_ _6\"/>2)<span class=\"_ _157\"> </span> 5,0<span class=\"_ _6\"/>6<span class=\"_ _6\"/>4 <span class=\"_ _157\"> </span> (7<span class=\"_ _5\"/>,7<span class=\"_ _5\"/>45)Derivativ<span class=\"_ _5\"/>es<span class=\"_ _1c2\"> </span> (10)<span class=\"_ _3e\"> </span> (<span class=\"_ _6\"/>12)<span class=\"_ _64\"> </span> (<span class=\"_ _6\"/>11<span class=\"_ _6\"/>4<span class=\"_ _6\"/>)<span class=\"_ _1b6\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _238\"> </span> - <span class=\"_ _1b9\"> </span></span> 113<span class=\"_ _7\"/> <span class=\"_ _2d\"> </span><span class=\"ls10c ws136\"> (2<span class=\"_ _6\"/>3)<span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _9c\"> </span></span> (2<span class=\"_ _6\"/>3)</span>Accrued expenses<span class=\"_ _23d\"> </span> 24<span class=\"_ _6\"/>,<span class=\"_ _7\"/>813<span class=\"_ _6\"/> <span class=\"_ _42\"> </span> 17<span class=\"_ _6\"/>3<span class=\"_ _7\"/> <span class=\"_ _3d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _6f\"> </span> - <span class=\"_ _160\"> </span></span> (2,530)<span class=\"_ _79\"> </span><span class=\"ls102 ws11a\"> 1,<span class=\"_ _6\"/>193<span class=\"_ _6\"/> <span class=\"_ _53\"> </span></span> 23<span class=\"_ _6\"/>,649<span class=\"_ _6\"/> <span class=\"_ _1b7\"> </span><span class=\"lsf0 ws15c\"> 24,<span class=\"_ _6\"/>57<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _13d\"> </span></span> (4<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0)Share-based compensation<span class=\"_ _178\"> </span> 352<span class=\"_ _6\"/> <span class=\"_ _1bf\"> </span> 69 <span class=\"_ _3d\"> </span> - <span class=\"_ _6f\"> </span> - <span class=\"_ _158\"> </span><span class=\"ls3\"> 2,5<span class=\"_ _5\"/>30 <span class=\"_ _23b\"> </span><span class=\"lsf9 ws178\"> 12<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _163\"> </span><span class=\"lsfe ws5b\"> 3,078<span class=\"_ _6\"/> <span class=\"_ _79\"> </span> 3<span class=\"_ _6\"/>,078<span class=\"_ _6\"/> <span class=\"_ _3d\"> </span></span></span><span class=\"ls14a\"> - </span></span>Deferr<span class=\"_ _5\"/>ed compensation<span class=\"_ _210\"> </span><span class=\"ls12d ws116\"> 4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>619<span class=\"_ _6\"/> <span class=\"_ _2d\"> </span><span class=\"lsf0 ws15c\"> (<span class=\"_ _6\"/>52)<span class=\"_ _193\"> </span></span></span> (7<span class=\"_ _5\"/>,926)<span class=\"_ _2e\"> </span> - <span class=\"_ _23e\"> </span> (<span class=\"_ _6\"/>1)<span class=\"_ _1bf\"> </span><span class=\"lsf0 ws15c\"> 24 <span class=\"_ _ff\"> </span></span> (3,336)<span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _163\"> </span></span> (3,335)Net oper<span class=\"_ _5\"/>ating losses<span class=\"_ _23f\"> </span> 7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>0<span class=\"_ _6\"/>7<span class=\"_ _7\"/> <span class=\"_ _9b\"> </span> 460 <span class=\"_ _1b6\"> </span> - <span class=\"_ _238\"> </span> - <span class=\"_ _2d\"> </span> 207<span class=\"_ _6\"/> <span class=\"_ _23b\"> </span><span class=\"lsf0 ws15c\"> 210<span class=\"_ _6\"/> <span class=\"_ _15b\"> </span></span> 8<span class=\"_ _6\"/>,68<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _79\"> </span><span class=\"lsec ws112\"> 6<span class=\"_ _6\"/>,935<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws137\"> - </span></span>Provisions<span class=\"_ _1ff\"> </span> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>7<span class=\"_ _6\"/>12<span class=\"_ _6\"/> <span class=\"_ _79\"> </span> 1,0<span class=\"_ _7\"/>68<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _238\"> </span> - <span class=\"_ _4a\"> </span></span> 12<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _9b\"> </span><span class=\"lsfc ws11b\"> 18<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _79\"> </span></span><span class=\"ws1\"> 5,082<span class=\"_ _6\"/> <span class=\"_ _79\"> </span><span class=\"lsfa ws43\"> 5,8<span class=\"_ _6\"/>42<span class=\"_ _6\"/> <span class=\"_ _2d\"> </span></span> (20)</span>Others<span class=\"_ _240\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _79\"> </span></span><span class=\"ws1\"> (2,65<span class=\"_ _b\"/>1)<span class=\"_ _2e\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _6f\"> </span> - <span class=\"_ _9b\"> </span><span class=\"lsf8 wse9\"> (1<span class=\"_ _6\"/>51)<span class=\"_ _20\"> </span></span></span> (25<span class=\"_ _5\"/>1)<span class=\"_ _8b\"> </span> (3,0<span class=\"_ _6\"/>53)<span class=\"_ _2e\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _163\"> </span></span> (3,058)</span>Deferr<span class=\"_ _5\"/>ed tax assets/liabilities<span class=\"_ _241\"> </span><span class=\"ws1\"> (8,45<span class=\"_ _6\"/>6)<span class=\"_ _1b7\"> </span> (2,0<span class=\"_ _6\"/>6<span class=\"_ _6\"/>0)<span class=\"_ _1b7\"> </span> (8,0<span class=\"_ _6\"/>4<span class=\"_ _6\"/>0)<span class=\"_ _2e\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _6f\"> </span> - <span class=\"_ _160\"> </span></span> (1,639)<span class=\"_ _161\"> </span> (20<span class=\"_ _6\"/>,195)<span class=\"_ _52\"> </span> 5<span class=\"_ _6\"/>4,26<span class=\"_ _6\"/>2 <span class=\"_ _109\"> </span> (74,457)</span>Offsetting<span class=\"_ _242\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _238\"> </span> - <span class=\"_ _6f\"> </span> - <span class=\"_ _238\"> </span> - <span class=\"_ _6f\"> </span> - <span class=\"_ _5c\"> </span> - <span class=\"_ _6f\"> </span> - <span class=\"_ _83\"> </span></span><span class=\"ws1\"> (29,588)<span class=\"_ _133\"> </span><span class=\"lsf6 ws10f\"> 29,<span class=\"_ _6\"/>58<span class=\"_ _6\"/>8 </span></span>Net def<span class=\"_ _5\"/>erred taxes<span class=\"_ _1f6\"> </span><span class=\"ws1\"> (8<span class=\"_ _6\"/>,456)<span class=\"_ _1b7\"> </span> (2<span class=\"_ _6\"/>,06<span class=\"_ _6\"/>0)<span class=\"_ _1b7\"> </span> (8<span class=\"_ _6\"/>,04<span class=\"_ _6\"/>0)<span class=\"_ _3d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _238\"> </span> - <span class=\"_ _160\"> </span></span> (1,639)<span class=\"_ _161\"> </span> (2<span class=\"_ _6\"/>0,195)<span class=\"_ _53\"> </span><span class=\"ls16c ws133\"> 2<span class=\"_ _6\"/>4<span class=\"_ _7\"/>,<span class=\"_ _6\"/>6<span class=\"_ _7\"/>74<span class=\"_ _6\"/> <span class=\"_ _161\"> </span></span> (4<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,86<span class=\"_ _6\"/>9)</span>Def<span class=\"_ _5\"/>erred income tax asse<span class=\"_ _5\"/>ts and liabilities are offset<span class=\"_ _5\"/> when ther<span class=\"_ _5\"/>e is a legall<span class=\"_ _b\"/>y enf<span class=\"_ _5\"/>orceable righ<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o set o<span class=\"_ _5\"/>f curren<span class=\"_ _5\"/>t tax against<span class=\"_ _5\"/> current<span class=\"_ _5\"/> tax liabilities and when <span class=\"_ _5\"/>the deferr<span class=\"_ _5\"/>ed tax assets and liabilities r<span class=\"_ _5\"/>elate <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the same taxation authoritity and <span class=\"_ _5\"/>the same taxable entity<span class=\"_ _0\"/>.A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the gross amount<span class=\"_ _5\"/> of ne<span class=\"_ _5\"/>t opera<span class=\"_ _5\"/>ting losses,<span class=\"_ _b\"/> amounting t<span class=\"_ _5\"/>o \u20ac8<span class=\"_ _6\"/>8.4 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac38.0<span class=\"_ _6\"/> million,<span class=\"_ _b\"/> f<span class=\"_ _5\"/>or which a def<span class=\"_ _b\"/>erred tax asset has been r<span class=\"_ _5\"/>ecognized expir<span class=\"_ _5\"/>es as f<span class=\"_ _5\"/>ollows:T<span class=\"_ _b\"/>otal net Net oper<span class=\"_ _5\"/>ating Net <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Deferr<span class=\"_ _5\"/>ed <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>operating <span class=\"_ _1\"/><span class=\"ls3 ws1\"> </span>losses not operating l<span class=\"_ _5\"/>osses tax asset in \u20ac thousandslossesrecognizedrecognizedrecognized2023<span class=\"_ _6\"/> <span class=\"_ _243\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   </span>20<span class=\"_ _6\"/>24 <span class=\"_ _21a\"> </span> 181 <span class=\"_ _ff\"> </span> 89 <span class=\"_ _193\"> </span><span class=\"ls101 wsac\"> 91 <span class=\"_ _ff\"> </span><span class=\"lsf1 ws166\"> 22<span class=\"_ _6\"/> </span></span>2025<span class=\"_ _6\"/> <span class=\"_ _85\"> </span> 1,6<span class=\"_ _6\"/>8<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span> 1<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>76<span class=\"_ _6\"/> <span class=\"_ _193\"> </span><span class=\"lsec ws112\"> 10 <span class=\"_ _c8\"> </span><span class=\"ls3 ws137\"> 2 </span></span>2026<span class=\"_ _6\"/> <span class=\"_ _85\"> </span> 7,<span class=\"_ _7\"/>0<span class=\"_ _7\"/>6<span class=\"_ _7\"> </span>8<span class=\"_ _7\"> </span> <span class=\"_ _83\"> </span> 19<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span><span class=\"ls12d ws116\"> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>876<span class=\"_ _6\"/> <span class=\"_ _83\"> </span></span><span class=\"ws132\"> 826<span class=\"_ _6\"/> </span>2027<span class=\"_ _6\"/> <span class=\"_ _85\"> </span> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>14<span class=\"_ _7\"/>4<span class=\"_ _6\"/> <span class=\"_ _109\"> </span> 223<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span><span class=\"ls10d ws10d\"> 5<span class=\"_ _6\"/>,922<span class=\"_ _6\"/> <span class=\"_ _109\"> </span><span class=\"ls13e ws139\"> 83<span class=\"_ _6\"/>8 </span></span>&gt;2<span class=\"_ _6\"/>027<span class=\"_ _6\"/> <span class=\"_ _1ad\"> </span> 10,<span class=\"_ _6\"/>670<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span> 1,3<span class=\"_ _6\"/>9<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _4f\"> </span> 9,<span class=\"_ _6\"/>271<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>210Unlimited<span class=\"_ _244\"> </span> 145<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>9<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span> 78<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>9<span class=\"_ _6\"/>5 <span class=\"_ _71\"> </span><span class=\"ls119 ws17c\"> 66<span class=\"_ _6\"/>,203 <span class=\"_ _46\"> </span><span class=\"lsed ws163\"> 1<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>3<span class=\"_ _6\"/>7<span class=\"_ _6\"/>6<span class=\"_ _7\"/> </span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _90\"> </span> 1<span class=\"_ _5\"/>70,84<span class=\"_ _5\"/>7 <span class=\"_ _71\"> </span><span class=\"ls16c ws133\"> 8<span class=\"_ _6\"/>2<span class=\"_ _7\"/>,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>74<span class=\"_ _7\"/> <span class=\"_ _29\"> </span><span class=\"ls9d ws1\"> 8<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,373 <span class=\"_ _13e\"> </span></span> 21<span class=\"_ _6\"/>,<span class=\"_ _7\"/>274<span class=\"_ _7\"/> </span>The majority of<span class=\"_ _5\"/> the abov<span class=\"_ _5\"/>e-mentioned deferred <span class=\"_ _5\"/>tax assets rela<span class=\"_ _5\"/>te <span class=\"_ _5\"/>to tax<span class=\"_ _5\"/> jurisdictions in which Arcadis has suffered a <span class=\"_ _5\"/>tax loss in the curr<span class=\"_ _5\"/>ent o<span class=\"_ _5\"/>f a preceding period.<span class=\"_ _0\"/> Signif<span class=\"_ _6\"/>icant judgemen<span class=\"_ _5\"/>t is required in de<span class=\"_ _5\"/>termining whether de<span class=\"_ _5\"/>ferred <span class=\"_ _5\"/>tax assets are r<span class=\"_ _5\"/>ealizable.<span class=\"_ _0\"/> Arcadis det<span class=\"_ _5\"/>ermines this on <span class=\"_ _5\"/>the basis of e<span class=\"_ _5\"/>xpected taxable pr<span class=\"_ _5\"/>ofits arising from <span class=\"_ _5\"/>the reversa<span class=\"_ _5\"/>l of<span class=\"_ _5\"/> recognized de<span class=\"_ _5\"/>ferred <span class=\"_ _5\"/>tax liabilities and on the basis of<span class=\"_ _5\"/> budgets,<span class=\"_ _b\"/> cash flow<span class=\"_ _5\"/> for<span class=\"_ _5\"/>ecasts and impairment models.<span class=\"_ _0\"/> Where utilization is no<span class=\"_ _b\"/>t considered probabl<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> deferred <span class=\"_ _5\"/>tax assets are no<span class=\"_ _5\"/>t rec<span class=\"_ _5\"/>ognized.A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the aggrega<span class=\"_ _5\"/>te amount<span class=\"_ _5\"/> of<span class=\"_ _5\"/> tempor<span class=\"_ _5\"/>ar<span class=\"_ _6\"/>y differ<span class=\"_ _5\"/>ences associat<span class=\"_ _b\"/>ed with undistributed earnings of<span class=\"_ _5\"/> subsidiaries for<span class=\"_ _5\"/> which def<span class=\"_ _5\"/>erred tax<span class=\"_ _5\"/> liabilities have no<span class=\"_ _5\"/>t been rec<span class=\"_ _5\"/>ognized was \u20ac1<span class=\"_ _b\"/>6<span class=\"_ _6\"/>4.4 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac1<span class=\"_ _b\"/>39.2 million).<span class=\"_ _b\"/> No liability has been recognized in r<span class=\"_ _5\"/>espect of<span class=\"_ _5\"/> these differenc<span class=\"_ _5\"/>es because the Group is in a position t<span class=\"_ _5\"/>o control <span class=\"_ _5\"/>the timing o<span class=\"_ _5\"/>f the re<span class=\"_ _5\"/>versal o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>temporary differ<span class=\"_ _5\"/>ences,<span class=\"_ _b\"/> and it is probable <span class=\"_ _5\"/>that<span class=\"_ _5\"/> such differenc<span class=\"_ _5\"/>es will not rev<span class=\"_ _5\"/>erse in the foreseeable futur<span class=\"_ _5\"/>e.13 <span class=\"_ _2\"> </span>Earnings per shareBasic earnings per share is ca<span class=\"_ _5\"/>lculat<span class=\"_ _5\"/>ed by dividing the pr<span class=\"_ _5\"/>ofit or l<span class=\"_ _5\"/>oss attributable t<span class=\"_ _5\"/>o the equity hol<span class=\"_ _5\"/>ders of <span class=\"_ _5\"/>the Company b<span class=\"_ _5\"/>y the weigh<span class=\"_ _5\"/>ted av<span class=\"_ _5\"/>erage number o<span class=\"_ _5\"/>f shares outstanding during <span class=\"_ _5\"/>the period,<span class=\"_ _5\"/> excl<span class=\"_ _5\"/>uding ordinary shares purchased by<span class=\"_ _5\"/> the Company<span class=\"_ _5\"/> and held as treasury shares (i.<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> shares purchased to c<span class=\"_ _5\"/>over shar<span class=\"_ _5\"/>e/<span class=\"_ _5\"/>option plans).<span class=\"_ _b\"/> Diluted earnings per<span class=\"_ _5\"/> share is calcula<span class=\"_ _5\"/>ted based on the basic earnings per<span class=\"_ _5\"/> share and using the <span class=\"_ _5\"/>weighted a<span class=\"_ _5\"/>verage number<span class=\"_ _5\"/> of<span class=\"_ _5\"/> shares and options outstanding during <span class=\"_ _5\"/>the period as far as <span class=\"_ _5\"/>these have a po<span class=\"_ _5\"/>tentia<span class=\"_ _5\"/>l dilutive effect,<span class=\"_ _b\"/> i.e.<span class=\"_ _b\"/> when the exer<span class=\"_ _5\"/>cise price of<span class=\"_ _5\"/> these options is lo<span class=\"_ _5\"/>wer than <span class=\"_ _5\"/>the share price.<span class=\"_ _b\"/> The a<span class=\"_ _5\"/>verage number o<span class=\"_ _5\"/>f po<span class=\"_ _5\"/>tential<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> diluted shares is based on the a<span class=\"_ _5\"/>verage share pric<span class=\"_ _5\"/>e in the period on the Eurone<span class=\"_ _5\"/>xt Amst<span class=\"_ _5\"/>erdam St<span class=\"_ _5\"/>ock Exchange and <span class=\"_ _5\"/>the options tha<span class=\"_ _5\"/>t wer<span class=\"_ _5\"/>e in the money<span class=\"_ _b\"/>.F<span class=\"_ _5\"/>or calcula<span class=\"_ _5\"/>ting the earnings per shar<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> the f<span class=\"_ _5\"/>ollo<span class=\"_ _5\"/>wing numbers of a<span class=\"_ _5\"/>vera<span class=\"_ _5\"/>ge shares are used:Number of<span class=\"_ _5\"/> shares<span class=\"_ _245\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0 A<span class=\"_ _b\"/>verage number of<span class=\"_ _5\"/> issued shares <span class=\"_ _14a\"> </span><span class=\"wsac\">9<span class=\"_ _6\"/>0,422,091<span class=\"_ _e5\"> </span></span> 9<span class=\"_ _6\"/>0,6<span class=\"_ _6\"/>61<span class=\"_ _5\"/>,792  A<span class=\"_ _b\"/>verage number of<span class=\"_ _5\"/> treasury shares <span class=\"_ _148\"> </span><span class=\"wsac\">(1<span class=\"_ _5\"/>,072,627)<span class=\"_ _e5\"> </span><span class=\"ws1\"> (1<span class=\"_ _5\"/>,278,473<span class=\"_ _5\"/>)</span></span> T<span class=\"_ _b\"/>otal a<span class=\"_ _5\"/>verage number<span class=\"_ _5\"/> of ordinary outs<span class=\"_ _5\"/>tanding shares <span class=\"_ _246\"> </span><span class=\"wsac\">89,3<span class=\"_ _6\"/>69,4<span class=\"_ _6\"/>64<span class=\"_ _6\"/> <span class=\"_ _b6\"> </span></span> 89,3<span class=\"_ _6\"/>83,319  A<span class=\"_ _b\"/>verage number of<span class=\"_ _5\"/> pot<span class=\"_ _5\"/>entiall<span class=\"_ _5\"/>y dilutive shar<span class=\"_ _5\"/>es <span class=\"_ _ad\"> </span><span class=\"lsf6 ws112\">62,296<span class=\"_ _37\"> </span><span class=\"ls10f ws129\"> 3<span class=\"_ _6\"/>93<span class=\"_ _6\"/>,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal av<span class=\"_ _5\"/>erage number o<span class=\"_ _5\"/>f dilut<span class=\"_ _5\"/>ed shares<span class=\"_ _a3\"> </span><span class=\"wsac\">89,431,760<span class=\"_ _a8\"> </span><span class=\"lsf0 ws10c\">8<span class=\"_ _6\"/>9,<span class=\"_ _6\"/>776<span class=\"_ _6\"/>,<span class=\"_ _6\"/>475<span class=\"_ _6\"/> </span></span>Of <span class=\"_ _5\"/>the outstanding options a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> a number of<span class=\"_ _5\"/> <span class=\"ls62 ws66\">4<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>702<span class=\"_ _6\"/></span> options w<span class=\"_ _5\"/>ere in the mone<span class=\"_ _5\"/>y and ex<span class=\"_ _5\"/>ercisable (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: 104,0<span class=\"_ _6\"/>46).<span class=\"_ _5\"/> Exercising op<span class=\"_ _5\"/>tions may<span class=\"_ _5\"/> lead t<span class=\"_ _5\"/>o dilution.<span class=\"_ _b\"/> T<span class=\"_ _0\"/>o avoid dilution as much as possibl<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> Arcadis r<span class=\"_ _5\"/>epurchases its own shares,<span class=\"_ _0\"/> which are reissued a<span class=\"_ _5\"/>t the moment<span class=\"_ _5\"/> options ar<span class=\"_ _5\"/>e exer<span class=\"_ _5\"/>cised.The t<span class=\"_ _5\"/>otal earnings o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the Group and the earnings per shar<span class=\"_ _5\"/>e are as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span><span class=\"fs7b lscd wse4\">2<span class=\"_ _6\"/>021</span>Net inc<span class=\"_ _5\"/>ome<span class=\"_ _1dd\"> </span><span class=\"lsee ws10a\">13<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,<span class=\"_ _7\"/>53<span class=\"_ _7\"/>0<span class=\"_ _48\"> </span><span class=\"lsed ws163\"> 1<span class=\"_ _6\"/>6<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>8<span class=\"_ _7\"/>3<span class=\"_ _7\"/> </span></span>1Net inc<span class=\"_ _5\"/>ome from Opera<span class=\"_ _5\"/>tions 20<span class=\"_ _6\"/>2,<span class=\"_ _6\"/>210<span class=\"_ _37\"> </span><span class=\"lsf5 ws117\"> 175<span class=\"_ _7\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>8<span class=\"_ _7\"/>4<span class=\"_ _7\"/> </span>1 Non-GAAP performance measure,<span class=\"_ _b\"/> to provide tr<span class=\"_ _5\"/>ansparency on the underl<span class=\"_ _5\"/>ying per<span class=\"_ _6\"/>formance o<span class=\"_ _5\"/>f our business.<span class=\"_ _b\"/> Reference is made <span class=\"_ _5\"/>to the Glossary non-<span class=\"_ _5\"/>financial and financial indicat<span class=\"_ _5\"/>ors on page <span class=\"ls16d ws1a2\">286 </span>for the de<span class=\"_ _5\"/>finition as used by Arcadis.<span class=\"_ _b\"/> <span class=\"_ _ae\"> </span> In \u20ac<span class=\"_ _16e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _83\"> </span></span><span class=\"fs7b lscd wse4\">2021</span>Earnings per share<span class=\"_ _5\"/>/Diluted earnings per shar<span class=\"_ _5\"/>eNet inc<span class=\"_ _5\"/>ome<span class=\"_ _18f\"> </span>1.52/ 1.52<span class=\"_ _e4\"> </span>1.88/ 1.87 1Net inc<span class=\"_ _5\"/>ome from Opera<span class=\"_ _5\"/>tions 2.26/ 2.26<span class=\"_ _d4\"> </span> 1.96/ 1.95 1 Non-GAAP performance measure,<span class=\"_ _b\"/> to provide tr<span class=\"_ _5\"/>ansparency on the underl<span class=\"_ _5\"/>ying per<span class=\"_ _6\"/>formance o<span class=\"_ _5\"/>f our business.<span class=\"_ _b\"/> Reference is made <span class=\"_ _5\"/>to the Glossary non-<span class=\"_ _5\"/>financial and financial indicat<span class=\"_ _5\"/>ors on page <span class=\"ls16d ws1a2\">286 </span>for the de<span class=\"_ _5\"/>finition as used by Arcadis.<span class=\"_ _b\"/> <span class=\"_ _ae\"> </span> 14 <span class=\"_ _2\"> </span>Intangible asse<span class=\"_ _5\"/>ts and goodwillGoodwillGoodwill arises fr<span class=\"_ _5\"/>om business combinations and repr<span class=\"_ _5\"/>esents the ex<span class=\"_ _5\"/>cess of<span class=\"_ _5\"/> the cost<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the acquisition over<span class=\"_ _5\"/> the Company\u2019s in<span class=\"_ _5\"/>terest<span class=\"_ _5\"/> in the net <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue o<span class=\"_ _5\"/>f the identifiable assets,<span class=\"_ _0\"/> liabilities and contingent liabilities o<span class=\"_ _5\"/>f the ac<span class=\"_ _5\"/>quired company<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Goodwill in respect o<span class=\"_ _5\"/>f equity ac<span class=\"_ _5\"/>count<span class=\"_ _5\"/>ed invest<span class=\"_ _5\"/>ees is included in the carrying amount o<span class=\"_ _5\"/>f the inves<span class=\"_ _5\"/>tment.<span class=\"_ _b\"/> Goodwill is measured a<span class=\"_ _5\"/>t cost<span class=\"_ _5\"/> less accumula<span class=\"_ _5\"/>ted impairment<span class=\"_ _5\"/> losses.Other intangibl<span class=\"_ _5\"/>e assets Other intangibl<span class=\"_ _5\"/>e assets mainly<span class=\"_ _5\"/> consist o<span class=\"_ _5\"/>f cust<span class=\"_ _5\"/>omer rela<span class=\"_ _5\"/>tionships,<span class=\"_ _5\"/> trade names and e<span class=\"_ _5\"/>xpected profits in the ba<span class=\"_ _5\"/>cklog of<span class=\"_ _5\"/> acquired c<span class=\"_ _5\"/>ompanies at <span class=\"_ _5\"/>the acquisition dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> Measurement o<span class=\"_ _5\"/>f Other intangibl<span class=\"_ _5\"/>e assets acquir<span class=\"_ _5\"/>ed in a business combination invol<span class=\"_ _5\"/>ves the use o<span class=\"_ _5\"/>f estima<span class=\"_ _5\"/>tes f<span class=\"_ _5\"/>or det<span class=\"_ _5\"/>ermining the fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue at a<span class=\"_ _5\"/>cquisition dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> This mainly r<span class=\"_ _5\"/>elat<span class=\"_ _5\"/>es to expect<span class=\"_ _5\"/>ed profits in the backlog o<span class=\"_ _5\"/>f the ac<span class=\"_ _5\"/>quired companies,<span class=\"_ _b\"/> the customer<span class=\"_ _5\"/> lists at<span class=\"_ _5\"/> the acquisition da<span class=\"_ _5\"/>te and the <span class=\"_ _5\"/>trade name v<span class=\"_ _5\"/>alue.<span class=\"_ _b\"/> The fair<span class=\"_ _5\"/> value is based on disc<span class=\"_ _5\"/>ounted cash <span class=\"_ _5\"/>flows expected <span class=\"_ _5\"/>to be rec<span class=\"_ _5\"/>eived from <span class=\"_ _5\"/>these identifiable intangible assets.<span class=\"_ _b\"/> Subsequentl<span class=\"_ _5\"/>y<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the assets ar<span class=\"_ _5\"/>e amor<span class=\"_ _6\"/>tized over<span class=\"_ _5\"/> the estima<span class=\"_ _5\"/>ted useful lif<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The amortization is recognized in pr<span class=\"_ _5\"/>ofit or loss on a straight<span class=\"_ _5\"/>-line basis,<span class=\"_ _5\"/> exc<span class=\"_ _5\"/>ept <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the backlog which is ca<span class=\"_ _5\"/>lculat<span class=\"_ _5\"/>ed based on the expected pa<span class=\"_ _5\"/>ttern o<span class=\"_ _5\"/>f consumption o<span class=\"_ _5\"/>f futur<span class=\"_ _5\"/>e economic benefits embodied in the ba<span class=\"_ _5\"/>cklog.<span class=\"_ _5\"/> The amortization methods and use<span class=\"_ _5\"/>ful lives,<span class=\"_ _5\"/> as wel<span class=\"_ _5\"/>l as residual va<span class=\"_ _5\"/>lues,<span class=\"_ _b\"/> are reassessed annuall<span class=\"_ _b\"/>y<span class=\"_ _5\"/>.SoftwareSoftware is measur<span class=\"_ _5\"/>ed at c<span class=\"_ _5\"/>ost less ac<span class=\"_ _5\"/>cumulat<span class=\"_ _5\"/>ed amor<span class=\"_ _6\"/>tization and impairment<span class=\"_ _5\"/> losses.<span class=\"_ _b\"/> Software has a finite lif<span class=\"_ _5\"/>e and is amortized on a straight<span class=\"_ _5\"/>-line basis over <span class=\"_ _5\"/>the estimat<span class=\"_ _5\"/>ed useful life.<span class=\"_ _0\"/> The amor<span class=\"_ _6\"/>tization methods and use<span class=\"_ _5\"/>ful lives,<span class=\"_ _b\"/> as well as residual <span class=\"_ _5\"/>values,<span class=\"_ _b\"/> are reassessed annuall<span class=\"_ _b\"/>y.<span class=\"_ _0\"/> Subsequent costs are r<span class=\"_ _5\"/>ecognized in the carrying amount o<span class=\"_ _5\"/>f Softwar<span class=\"_ _5\"/>e only<span class=\"_ _5\"/> when it increases <span class=\"_ _5\"/>the future economic bene<span class=\"_ _5\"/>fits. <span class=\"_ _5\"/>All other<span class=\"_ _5\"/> expenditures are rec<span class=\"_ _5\"/>ognized in profit<span class=\"_ _5\"/> or loss as incurred.Configura<span class=\"_ _5\"/>tion and customiza<span class=\"_ _5\"/>tion costs rela<span class=\"_ _5\"/>ting t<span class=\"_ _5\"/>o cloud computing arrangements,<span class=\"_ _b\"/> whereby<span class=\"_ _5\"/> the Compan<span class=\"_ _5\"/>y does not obtain an intangibl<span class=\"_ _5\"/>e asset,<span class=\"_ _b\"/> are expensed when incurred.<span class=\"_ _b\"/> In such case,<span class=\"_ _b\"/> prepaid licenses are recogniz<span class=\"_ _5\"/>ed as prepaid expenses (as part of<span class=\"_ _5\"/> Other current<span class=\"_ _5\"/> assets) and tes<span class=\"_ _5\"/>ting,<span class=\"_ _5\"/> training and da<span class=\"_ _5\"/>ta conversion c<span class=\"_ _5\"/>osts are recogniz<span class=\"_ _5\"/>ed as Personnel costs and/<span class=\"_ _b\"/>or Other opera<span class=\"_ _5\"/>tional costs as incurred.<span class=\"_ _b\"/>   Estimat<span class=\"_ _5\"/>ed useful lives The estimat<span class=\"_ _5\"/>ed useful lives o<span class=\"_ _5\"/>f Goodwill and Intangibl<span class=\"_ _5\"/>e assets varies a<span class=\"_ _5\"/>ccording t<span class=\"_ _5\"/>o their r<span class=\"_ _5\"/>espective categories,<span class=\"_ _b\"/> as shown below.Cat<span class=\"_ _5\"/>egory<span class=\"_ _247\"> </span>Y<span class=\"_ _b\"/>earsGoodwill<span class=\"_ _248\"> </span>Not<span class=\"_ _5\"/> amor<span class=\"_ _6\"/>tizedSoftware <span class=\"_ _249\"> </span><span class=\"ws44\">0.5 \u2013<span class=\"_ _b\"/> <span class=\"_ _6\"/>10 </span>Other intangibl<span class=\"_ _5\"/>e assets<span class=\"_ _24a\"> </span><span class=\"ls16f wsac\">3<span class=\"_ _6\"/> \u2013 <span class=\"_ _7\"/>1<span class=\"_ _6\"/>0<span class=\"_ _7\"/> </span>Intangibles under<span class=\"_ _5\"/> development<span class=\"_ _24b\"> </span>Not<span class=\"_ _5\"/> amor<span class=\"_ _6\"/>tized (yet)Other <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Intangibles intangible under In \u20ac thousands<span class=\"_ _236\"> </span><span class=\"fs7b fc1 ls9d wsac\">Goodwil<span class=\"_ _5\"/>l</span>assets<span class=\"_ _b3\"> </span>Software developmen<span class=\"_ _5\"/>t <span class=\"_ _a0\"> </span><span class=\"ff1 ls163 ws193\">To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l</span>Cost<span class=\"_ _153\"> </span><span class=\"lsef ws11c\"> 781,616<span class=\"_ _6\"/> <span class=\"_ _e5\"> </span><span class=\"lsf2 ws148\"> 270<span class=\"_ _6\"/>,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>45<span class=\"_ _6\"/> <span class=\"_ _d4\"> </span><span class=\"ls9d ws1\"> 68<span class=\"_ _6\"/>,84<span class=\"_ _6\"/>8 <span class=\"_ _76\"> </span><span class=\"ls6f ws13a\"> 555<span class=\"_ _6\"/> <span class=\"_ _d8\"> </span></span></span></span> 1,<span class=\"_ _6\"/>121,6<span class=\"_ _6\"/>6<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span>Accumulat<span class=\"_ _5\"/>ed amortization<span class=\"_ _ea\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _d9\"> </span></span> (236,435)<span class=\"_ _a9\"> </span> (56<span class=\"_ _6\"/>,30<span class=\"_ _6\"/>4)<span class=\"_ _52\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _df\"> </span></span> (292,739)At<span class=\"_ _5\"/> 1 January 2021 <span class=\"_ _67\"> </span> 781,<span class=\"_ _6\"/>616<span class=\"_ _6\"/> <span class=\"_ _39\"> </span> 3<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>210<span class=\"_ _6\"/> <span class=\"_ _d4\"> </span> 12<span class=\"_ _7\"/>,5<span class=\"_ _6\"/>4<span class=\"_ _7\"/>4<span class=\"_ _6\"/> <span class=\"_ _76\"> </span><span class=\"ls2 ws14a\"> 555 <span class=\"_ _df\"> </span></span> 82<span class=\"_ _6\"/>8,925<span class=\"_ _6\"/>Additions<span class=\"_ _24c\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _8b\"> </span> - <span class=\"_ _37\"> </span><span class=\"lsf8 wse9\"> 4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>41<span class=\"_ _6\"/> <span class=\"_ _133\"> </span></span> - <span class=\"_ _37\"> </span><span class=\"lsf8 wse9\"> 4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>41<span class=\"_ _6\"/> </span></span>Acquisitions of<span class=\"_ _5\"/> subsidiaries<span class=\"_ _ea\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - </span>Disposals<span class=\"_ _24c\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _109\"> </span><span class=\"ls10c ws136\"> (3)<span class=\"_ _71\"> </span><span class=\"ls111 ws20\"> (<span class=\"_ _6\"/>161)<span class=\"_ _133\"> </span></span></span> - <span class=\"_ _46\"> </span><span class=\"lsef ws11c\"> (16<span class=\"_ _6\"/>4)</span></span>Amortization charges<span class=\"_ _24d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _39\"> </span></span> (1<span class=\"_ _5\"/>1,436)<span class=\"_ _e4\"> </span> (6<span class=\"_ _6\"/>,432)<span class=\"_ _58\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _39\"> </span></span> (17<span class=\"_ _b\"/>,86<span class=\"_ _6\"/>8)Impairment char<span class=\"_ _5\"/>ges<span class=\"_ _146\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - </span>Reclassifications<span class=\"_ _24e\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _109\"> </span> (2)<span class=\"_ _18a\"> </span><span class=\"lsf7 ws17f\"> (<span class=\"_ _7\"/>5<span class=\"_ _6\"/>74<span class=\"_ _6\"/>)<span class=\"_ _18a\"> </span><span class=\"ls12d ws116\"> (5<span class=\"_ _6\"/>76<span class=\"_ _6\"/>)</span></span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _139\"> </span> 4<span class=\"_ _6\"/>9,0<span class=\"_ _6\"/>03<span class=\"_ _6\"/> <span class=\"_ _de\"> </span> 1,4<span class=\"_ _6\"/>3<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _46\"> </span> 488 <span class=\"_ _3a\"> </span><span class=\"ls102 ws11a\"> 19<span class=\"_ _6\"/> <span class=\"_ _39\"> </span></span> 50,9<span class=\"_ _6\"/>48Movement<span class=\"_ _5\"/> 2021 <span class=\"_ _24f\"> </span> 49,0<span class=\"_ _6\"/>03<span class=\"_ _6\"/> <span class=\"_ _b2\"> </span> (10,0<span class=\"_ _6\"/>01)<span class=\"_ _a5\"> </span> (1,166)<span class=\"_ _54\"> </span><span class=\"ls2 ws14a\"> (555)<span class=\"_ _4d\"> </span><span class=\"ls147 ws172\"> 3<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>8<span class=\"_ _6\"/>1<span class=\"_ _7\"/> </span></span>Cost <span class=\"_ _17\"> </span> 830,6<span class=\"_ _b\"/>19 <span class=\"_ _df\"> </span> 27<span class=\"_ _5\"/>2,<span class=\"_ _b\"/>080 <span class=\"_ _e4\"> </span> 74<span class=\"_ _7\"/>,<span class=\"_ _7\"/>114<span class=\"_ _7\"/> <span class=\"_ _133\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _b7\"> </span><span class=\"ls9d ws1\"> 1,1<span class=\"_ _b\"/>76,813 </span></span>Accumulat<span class=\"_ _5\"/>ed amortization<span class=\"_ _ea\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _b3\"> </span></span> (247<span class=\"_ _b\"/>,871<span class=\"_ _b\"/>)<span class=\"_ _a8\"> </span> (62,736)<span class=\"_ _52\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _df\"> </span></span> (31<span class=\"_ _5\"/>0,6<span class=\"_ _6\"/>07)At<span class=\"_ _5\"/> 31 December 202<span class=\"_ _5\"/>1 <span class=\"_ _138\"> </span> 830,6<span class=\"_ _5\"/>19 <span class=\"_ _e0\"> </span> 24<span class=\"_ _6\"/>,20<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span><span class=\"lsfd ws114\"> 11<span class=\"_ _6\"/>,<span class=\"_ _7\"/>3<span class=\"_ _6\"/>7<span class=\"_ _6\"/>8<span class=\"_ _7\"/> <span class=\"_ _133\"> </span></span><span class=\"ls14a\"> - <span class=\"_ _a9\"> </span><span class=\"ls9d ws1\"> 86<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,20<span class=\"_ _6\"/>6 </span></span>Additions<span class=\"_ _24c\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _18a\"> </span>6<span class=\"_ _7\"/>,<span class=\"_ _6\"/>141<span class=\"_ _a0\"> </span><span class=\"lsee ws10a\">1,<span class=\"_ _6\"/>13<span class=\"_ _7\"/>8<span class=\"_ _a0\"> </span><span class=\"lsed ws109\">7,<span class=\"_ _7\"/>2<span class=\"_ _6\"/>7<span class=\"_ _7\"/>9</span></span>Acquisitions of<span class=\"_ _5\"/> subsidiaries<span class=\"_ _250\"> </span>653,027<span class=\"_ _de\"> </span>4<span class=\"_ _6\"/>9<span class=\"_ _7\"/>,<span class=\"_ _6\"/>11<span class=\"_ _6\"/>6<span class=\"_ _a0\"> </span>6<span class=\"_ _7\"/>,<span class=\"_ _6\"/>513<span class=\"_ _ff\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _e0\"> </span><span class=\"lsf2 ws10e\">708<span class=\"_ _6\"/>,<span class=\"_ _6\"/>65<span class=\"_ _6\"/>6</span></span>Disposals<span class=\"_ _f7\"> </span>(6,769)<span class=\"_ _52\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _c4\"> </span><span class=\"ls10e ws104\">(<span class=\"_ _7\"/>3<span class=\"_ _6\"/>11)<span class=\"_ _53\"> </span></span> - <span class=\"_ _49\"> </span></span>(7<span class=\"_ _5\"/>,08<span class=\"_ _6\"/>0)Amortization charges<span class=\"_ _24d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _e4\"> </span></span><span class=\"wsac\">(15,1<span class=\"_ _5\"/>30)<span class=\"_ _db\"> </span>(6,972<span class=\"_ _5\"/>)<span class=\"_ _52\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _bc\"> </span></span>(22,102<span class=\"_ _5\"/>)</span>Impairment char<span class=\"_ _5\"/>ges<span class=\"_ _146\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - </span>Reclassifications<span class=\"_ _24e\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _8b\"> </span> - </span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _251\"> </span><span class=\"ls119 ws136\">6,287<span class=\"_ _49\"> </span></span>(4,3<span class=\"_ _6\"/>8<span class=\"_ _6\"/>4)<span class=\"_ _a0\"> </span>(9<span class=\"_ _6\"/>5<span class=\"_ _6\"/>4)<span class=\"_ _1ae\"> </span><span class=\"ls2 ws12a\">(35)<span class=\"_ _c4\"> </span><span class=\"lsfb ws117\">914</span></span>Movement<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _27\"> </span><span class=\"ls2 ws12a\">652,5<span class=\"_ _6\"/>45<span class=\"_ _252\"> </span></span>29,6<span class=\"_ _6\"/>02<span class=\"_ _18a\"> </span>4<span class=\"_ _7\"/>,<span class=\"_ _6\"/>417<span class=\"_ _18a\"> </span><span class=\"ls101 ws11d\">1,<span class=\"_ _6\"/>103<span class=\"_ _d4\"> </span><span class=\"lsb6 ws16d\">6<span class=\"_ _6\"/>87<span class=\"_ _5\"/>,667</span></span>Cost<span class=\"_ _12e\"> </span><span class=\"lsef ws10b\">1,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>8<span class=\"_ _6\"/>3,<span class=\"_ _6\"/>16<span class=\"_ _6\"/>4<span class=\"_ _a6\"> </span><span class=\"lsf9 ws115\">31<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>12<span class=\"_ _d6\"> </span><span class=\"ls119 ws136\">85,5<span class=\"_ _6\"/>03<span class=\"_ _71\"> </span></span></span>1,10<span class=\"_ _6\"/>3<span class=\"_ _b6\"> </span><span class=\"ls9d wsac\">1,886,5<span class=\"_ _6\"/>82</span></span>Accumulat<span class=\"_ _5\"/>ed amortization<span class=\"_ _ea\"> </span> - <span class=\"_ _a9\"> </span><span class=\"ls3e ws3a\">(263<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>01)<span class=\"_ _d2\"> </span></span><span class=\"wsac\">(69,708)<span class=\"_ _1b7\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _e5\"> </span></span>(332,7<span class=\"_ _5\"/>09)</span>At<span class=\"_ _5\"/> 31 December 2022 <span class=\"_ _253\"> </span><span class=\"wsac\">1,483,16<span class=\"_ _6\"/>4<span class=\"_ _db\"> </span><span class=\"lsfd ws119\">5<span class=\"_ _7\"/>3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _7\"/>11<span class=\"_ _db\"> </span><span class=\"ls102 ws11e\">15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>7<span class=\"_ _6\"/>9<span class=\"_ _6\"/>5<span class=\"_ _18a\"> </span><span class=\"ls101 ws11d\">1,10<span class=\"_ _6\"/>3<span class=\"_ _b6\"> </span></span></span></span>1,553,873</span>The amortization charge f<span class=\"_ _b\"/>or Intangible assets is r<span class=\"_ _5\"/>ecognized in the <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>owing line items in <span class=\"_ _5\"/>the Consolida<span class=\"_ _5\"/>ted income sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>t:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Amortization Other intangibl<span class=\"_ _5\"/>e assets<span class=\"_ _1a6\"> </span><span class=\"lsee ws10a\">15,<span class=\"_ _6\"/>13<span class=\"_ _7\"/>0<span class=\"_ _57\"> </span><span class=\"ls10e ws111\"> 11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _7\"/>3<span class=\"_ _6\"/>6<span class=\"_ _7\"/> </span></span>Depreciation and amortization<span class=\"_ _177\"> </span><span class=\"ls101 ws11d\">6<span class=\"_ _6\"/>,972<span class=\"_ _3a\"> </span><span class=\"ls100 ws16d\"> 6,<span class=\"_ _6\"/>432 </span></span>GoodwillReflecting <span class=\"_ _5\"/>the new GBA r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting structure,<span class=\"_ _0\"/> as of 1 <span class=\"_ _5\"/>January 2022,<span class=\"_ _0\"/> the goodwill has been re-all<span class=\"_ _5\"/>ocat<span class=\"_ _5\"/>ed fol<span class=\"_ _5\"/>lowing <span class=\"_ _b\"/>\u2018IAS 36<span class=\"_ _6\"/>.87\u2019<span class=\"_ _b\"/> applying a <span class=\"_ _5\"/>two-step appr<span class=\"_ _5\"/>oach: first s<span class=\"_ _5\"/>tep al<span class=\"_ _5\"/>location o<span class=\"_ _5\"/>f 1<span class=\"_ _5\"/>0<span class=\"_ _6\"/>0% of Cal<span class=\"_ _5\"/>lisonRTKL<span class=\"_ _5\"/> goodwill t<span class=\"_ _5\"/>o Places (Ca<span class=\"_ _5\"/>llisonRTKL<span class=\"_ _5\"/> is a f<span class=\"_ _5\"/>ormer opera<span class=\"_ _5\"/>ting segment <span class=\"_ _5\"/>full<span class=\"_ _5\"/>y int<span class=\"_ _5\"/>egrat<span class=\"_ _5\"/>ed int<span class=\"_ _5\"/>o Places),<span class=\"_ _b\"/> second st<span class=\"_ _5\"/>ep alloca<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the remaining amount<span class=\"_ _5\"/> to <span class=\"_ _5\"/>the GBAs based on the rela<span class=\"_ _5\"/>tive va<span class=\"_ _5\"/>lues.Consecutive <span class=\"_ _5\"/>to ac<span class=\"_ _5\"/>quisition of<span class=\"_ _5\"/> IBI Group by end o<span class=\"_ _5\"/>f Sep<span class=\"_ _5\"/>tember<span class=\"_ _0\"/>,<span class=\"_ _b\"/> the f<span class=\"_ _5\"/>our<span class=\"_ _6\"/>th CGU Intel<span class=\"_ _5\"/>ligence has been crea<span class=\"_ _5\"/>ted and is composed o<span class=\"_ _5\"/>f Arca<span class=\"_ _5\"/>dis GEN (initiall<span class=\"_ _b\"/>y alloca<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to Resilienc<span class=\"_ _5\"/>e and Mobility equal<span class=\"_ _5\"/>ly),<span class=\"_ _b\"/> IBI Group int<span class=\"_ _5\"/>elligence segment,<span class=\"_ _b\"/> and W<span class=\"_ _b\"/>at<span class=\"_ _5\"/>er Platf<span class=\"_ _b\"/>orm Company ac<span class=\"_ _5\"/>quired this <span class=\"_ _5\"/>year<span class=\"_ _0\"/>. IBI Group preliminary goodwill has been a<span class=\"_ _5\"/>lloca<span class=\"_ _5\"/>ted acr<span class=\"_ _5\"/>oss the f<span class=\"_ _5\"/>our GBAs.<span class=\"_ _b\"/> DPS Group preliminary goodwill has been all<span class=\"_ _5\"/>ocat<span class=\"_ _5\"/>ed entirel<span class=\"_ _5\"/>y t<span class=\"_ _b\"/>o the CGU Places,<span class=\"_ _b\"/> and Giftge Consul<span class=\"_ _b\"/>t preliminary goodwill t<span class=\"_ _5\"/>o the CGU Resilienc<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> F<span class=\"_ _5\"/>or annual impairment<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>ting,<span class=\"_ _b\"/> goodwill is alloca<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to Cash-Genera<span class=\"_ _5\"/>ting Units (CGUs).<span class=\"_ _b\"/> The CGU is the lo<span class=\"_ _5\"/>west lev<span class=\"_ _5\"/>el within the Group a<span class=\"_ _b\"/>t which Goodwill is monit<span class=\"_ _5\"/>ored f<span class=\"_ _5\"/>or int<span class=\"_ _5\"/>ernal managemen<span class=\"_ _5\"/>t purposes.The carrying amount of<span class=\"_ _5\"/> the goodwill (incl<span class=\"_ _5\"/>uding provisional goodwil<span class=\"_ _5\"/>l of IBI and DPS) is a<span class=\"_ _5\"/>lloca<span class=\"_ _5\"/>ted t<span class=\"_ _5\"/>o each o<span class=\"_ _5\"/>f the CGUs as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Places<span class=\"_ _1d3\"> </span><span class=\"ls12d ws14f\">761,8<span class=\"_ _7\"/>07<span class=\"_ _48\"> </span><span class=\"lsef ws11c\"> 316<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>32<span class=\"_ _6\"/> </span></span>Resilience<span class=\"_ _254\"> </span><span class=\"lsf7 ws113\">3<span class=\"_ _6\"/>74<span class=\"_ _6\"/>,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>3<span class=\"_ _7\"/>5<span class=\"_ _37\"> </span><span class=\"lsee ws11e\"> 313<span class=\"_ _7\"/>,4<span class=\"_ _7\"/>4<span class=\"_ _6\"/>6<span class=\"_ _7\"/> </span></span>Mobility<span class=\"_ _255\"> </span><span class=\"lsf5 ws111\">2<span class=\"_ _6\"/>3<span class=\"_ _6\"/>6<span class=\"_ _7\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>17<span class=\"_ _d5\"> </span></span><span class=\"ws1\"> 20<span class=\"_ _6\"/>0,499<span class=\"_ _6\"/> </span>Intel<span class=\"_ _5\"/>ligence<span class=\"_ _245\"> </span><span class=\"lsf2 ws10e\">10<span class=\"_ _6\"/>9,<span class=\"_ _6\"/>70<span class=\"_ _6\"/>5<span class=\"_ _42\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span></span>T<span class=\"_ _b\"/>otal Goodwill<span class=\"_ _220\"> </span><span class=\"wsac\">1,483,164<span class=\"_ _29\"> </span><span class=\"ls159 ws1a6\">83<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>619</span></span>Impairment <span class=\"_ _5\"/>testing <span class=\"_ _5\"/>for cash-genera<span class=\"_ _5\"/>ting units containing goodwil<span class=\"_ _5\"/>lThe reco<span class=\"_ _5\"/>verable amoun<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> Goodwill f<span class=\"_ _5\"/>or impairment<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>ting purpose has been determined based on a <span class=\"_ _5\"/>val<span class=\"_ _5\"/>ue in use calcula<span class=\"_ _5\"/>tion,<span class=\"_ _b\"/> which is comple<span class=\"_ _5\"/>x and judgmental.<span class=\"_ _b\"/> The calcula<span class=\"_ _b\"/>tions use cash flow projections based on hist<span class=\"_ _5\"/>orical performance,<span class=\"_ _0\"/> our plan f<span class=\"_ _5\"/>or 2023 as appr<span class=\"_ _5\"/>oved by<span class=\"_ _5\"/> the Executiv<span class=\"_ _5\"/>e Board and projections f<span class=\"_ _5\"/>or 20<span class=\"_ _5\"/>23 <span class=\"_ _b\"/>-<span class=\"_ _5\"/> 2026,<span class=\"_ _b\"/> after<span class=\"_ _5\"/> which a t<span class=\"_ _5\"/>erminal v<span class=\"_ _5\"/>alue w<span class=\"_ _5\"/>as calcula<span class=\"_ _5\"/>ted using an estima<span class=\"_ _5\"/>ted gr<span class=\"_ _5\"/>owth rat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The ke<span class=\"_ _5\"/>y assumptions used in <span class=\"_ _5\"/>the projections are:\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">(Net) re<span class=\"_ _5\"/>venue growth: based on experienc<span class=\"_ _5\"/>e and market<span class=\"_ _5\"/> anal<span class=\"_ _5\"/>ysis;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">EBITDA<span class=\"_ _5\"/> margin developmen<span class=\"_ _5\"/>t: based on historica<span class=\"_ _5\"/>l performance,<span class=\"_ _0\"/> plan 2023 and management\u2019<span class=\"_ _5\"/>s long-</span>term pr<span class=\"_ _5\"/>ojections; and\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">W<span class=\"_ _5\"/>eight<span class=\"_ _5\"/>ed aver<span class=\"_ _5\"/>age cost<span class=\"_ _5\"/> of capita<span class=\"_ _5\"/>l (W<span class=\"_ _5\"/>ACC): based on the mark<span class=\"_ _5\"/>et participants vie<span class=\"_ _5\"/>w on ra<span class=\"_ _5\"/>tes o<span class=\"_ _5\"/>f re<span class=\"_ _5\"/>turn </span>demanded for<span class=\"_ _5\"/> investments equival<span class=\"_ _5\"/>ent t<span class=\"_ _5\"/>o those in the <span class=\"_ _6\"/>Company<span class=\"_ _0\"/>.<span class=\"_ _5\"/> The components of the W<span class=\"_ _0\"/>ACC include the Cost<span class=\"_ _5\"/> of<span class=\"_ _5\"/> Equity<span class=\"_ _b\"/>,<span class=\"_ _5\"/> Cost<span class=\"_ _5\"/> of<span class=\"_ _5\"/> Debt and C<span class=\"_ _5\"/>ost o<span class=\"_ _5\"/>f Lease Liabilities.<span class=\"_ _0\"/> The business plans include managemen<span class=\"_ _5\"/>t\u2019s estima<span class=\"_ _5\"/>te about <span class=\"_ _5\"/>the lev<span class=\"_ _5\"/>el and timing of<span class=\"_ _5\"/> the ex<span class=\"_ _5\"/>ecution of<span class=\"_ _5\"/> (the improv<span class=\"_ _5\"/>ement o<span class=\"_ _5\"/>f<span class=\"_ _6\"/>) operating performance and mar<span class=\"_ _5\"/>gins.<span class=\"_ _5\"/> The applied assumptions in <span class=\"_ _5\"/>the tes<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f 2022 ar<span class=\"_ _5\"/>e included in the belo<span class=\"_ _5\"/>w tabl<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> for<span class=\"_ _5\"/> those CGUs with goodwil<span class=\"_ _5\"/>l as at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 2022<span class=\"_ _5\"/>.A<span class=\"_ _5\"/>verage (net)<span class=\"ls3\"> </span>Pre-tax <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>T<span class=\"_ _b\"/>erminal <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>1In %revenue gr<span class=\"_ _5\"/>owthEBIT<span class=\"_ _b\"/>A margindiscount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>egrowt<span class=\"_ _6\"/>h ratePlaces<span class=\"_ _16b\"> </span><span class=\"ls47 ws43\">5.6%<span class=\"_ _4e\"> </span></span>10.4% -12.7%<span class=\"_ _111\"> </span><span class=\"ls10e ws104\">11<span class=\"_ _6\"/>.<span class=\"_ _6\"/>7<span class=\"_ _7\"/>%<span class=\"_ _83\"> </span><span class=\"lsfc ws118\">1.6<span class=\"_ _6\"/>%</span></span>Resilience<span class=\"_ _16c\"> </span><span class=\"ls47 ws43\">5.6%<span class=\"_ _d8\"> </span></span>1<span class=\"_ _5\"/>2.5% -1<span class=\"_ _5\"/>2.6%<span class=\"_ _111\"> </span><span class=\"ls10e ws104\">11<span class=\"_ _6\"/>.<span class=\"_ _7\"/>0<span class=\"_ _7\"/>%<span class=\"_ _83\"> </span><span class=\"lsfc ws118\">1.6%</span></span>Mobility<span class=\"_ _ad\"> </span><span class=\"ls47 ws43\">5.6%<span class=\"_ _d8\"> </span></span>12.4<span class=\"_ _5\"/>% -12.6%<span class=\"_ _56\"> </span><span class=\"lsec ws108\">10.<span class=\"_ _6\"/>3%<span class=\"_ _83\"> </span><span class=\"lsfc ws118\">1.5%</span></span>Intel<span class=\"_ _5\"/>ligence<span class=\"_ _12f\"> </span><span class=\"ls47 ws43\">5.6%<span class=\"_ _4e\"> </span></span>1<span class=\"_ _5\"/>4.4% -18.8%<span class=\"_ _205\"> </span><span class=\"lsec ws108\">10<span class=\"_ _6\"/>.4<span class=\"_ _6\"/>%<span class=\"_ _109\"> </span><span class=\"lsfc ws118\">1.<span class=\"_ _6\"/>4%</span></span>1 The aver<span class=\"_ _5\"/>age net rev<span class=\"_ _5\"/>enue growth represents a<span class=\"_ _5\"/>verage f<span class=\"_ _5\"/>or the period from 202<span class=\"_ _5\"/>4 to 2027<span class=\"_ _0\"/>.  <span class=\"_ _14b\"> </span> The av<span class=\"_ _5\"/>erage pre-tax disc<span class=\"_ _5\"/>ount ra<span class=\"_ _b\"/>te was 1<span class=\"_ _5\"/>0.9% (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 10.4%) and has been de<span class=\"_ _5\"/>termined by<span class=\"_ _5\"/> itera<span class=\"_ _b\"/>tive<span class=\"_ _6\"/> computa<span class=\"_ _5\"/>tion so that<span class=\"_ _5\"/> the v<span class=\"_ _5\"/>alue in use det<span class=\"_ _5\"/>ermined using pre-tax cash <span class=\"_ _5\"/>flows and a pre-tax disc<span class=\"_ _5\"/>ount ra<span class=\"_ _5\"/>te equa<span class=\"_ _5\"/>ls the va<span class=\"_ _5\"/>lue in use det<span class=\"_ _5\"/>ermined using post-<span class=\"_ _5\"/>tax cash flows and a pos<span class=\"_ _5\"/>t-tax disc<span class=\"_ _5\"/>ount ra<span class=\"_ _b\"/>te.<span class=\"_ _b\"/> The w<span class=\"_ _5\"/>eighted a<span class=\"_ _5\"/>vera<span class=\"_ _5\"/>ge post-<span class=\"_ _5\"/>tax discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e used is 8.6% (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 7<span class=\"_ _0\"/>.7%),<span class=\"_ _5\"/> which includes c<span class=\"_ _5\"/>ountry specific premiums when applicable<span class=\"_ _5\"/>.Observations from impairment<span class=\"_ _5\"/> testingThe annual impairment<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>t a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 and sensitivity anal<span class=\"_ _b\"/>ysis around the k<span class=\"_ _5\"/>ey assump<span class=\"_ _5\"/>tions in that tes<span class=\"_ _5\"/>t hav<span class=\"_ _5\"/>e indicat<span class=\"_ _5\"/>ed suff<span class=\"_ _6\"/>icient hea<span class=\"_ _5\"/>droom f<span class=\"_ _5\"/>or al<span class=\"_ _5\"/>l CGUs and as such a reasonabl<span class=\"_ _5\"/>y possible change in any<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the assumptions <span class=\"_ _5\"/>would no<span class=\"_ _5\"/>t cause the r<span class=\"_ _5\"/>ecover<span class=\"_ _5\"/>able amount <span class=\"_ _5\"/>to be less <span class=\"_ _5\"/>than the carrying val<span class=\"_ _5\"/>ue,<span class=\"_ _b\"/> exc<span class=\"_ _5\"/>ept <span class=\"_ _5\"/>for Int<span class=\"_ _5\"/>elligence.<span class=\"_ _b\"/> The headroom <span class=\"_ _5\"/>for In<span class=\"_ _5\"/>telligenc<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> being the differenc<span class=\"_ _5\"/>e between <span class=\"_ _5\"/>the carr<span class=\"_ _6\"/>ying amount (which incl<span class=\"_ _5\"/>udes the provisiona<span class=\"_ _5\"/>l alloca<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> goodwill f<span class=\"_ _5\"/>or IBI ac<span class=\"_ _5\"/>quisition) and the reco<span class=\"_ _5\"/>verable amoun<span class=\"_ _5\"/>t is appro<span class=\"_ _5\"/>ximat<span class=\"_ _5\"/>ely \u20ac25 million.<span class=\"_ _0\"/> Management is positive about<span class=\"_ _5\"/> the medium and long-<span class=\"_ _5\"/>term perspective o<span class=\"_ _5\"/>f the CGU f<span class=\"_ _b\"/>ollowing the expected de<span class=\"_ _5\"/>velopment<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the CGU.<span class=\"_ _0\"/> If the long-<span class=\"_ _5\"/>term gro<span class=\"_ _5\"/>wth rat<span class=\"_ _5\"/>e used in the va<span class=\"_ _5\"/>lue in use calcula<span class=\"_ _b\"/>tion<span class=\"_ _6\"/> had been 1<span class=\"_ _b\"/>% lower <span class=\"_ _5\"/>than management\u2019<span class=\"_ _5\"/>s estimat<span class=\"_ _5\"/>es at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 2022<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the headr<span class=\"_ _5\"/>oom woul<span class=\"_ _5\"/>d amount t<span class=\"_ _b\"/>o<span class=\"_ _6\"/> \u20ac8 million.<span class=\"_ _b\"/> If the l<span class=\"_ _5\"/>ong-term EBITD<span class=\"_ _5\"/>A margin used in <span class=\"_ _5\"/>the val<span class=\"_ _5\"/>ue in use calcula<span class=\"_ _5\"/>tion had been 100 bps lower than management\u2019<span class=\"_ _5\"/>s estimat<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> there w<span class=\"_ _5\"/>ould be no headroom.<span class=\"_ _b\"/> If <span class=\"_ _5\"/>the pre-tax discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e applied t<span class=\"_ _5\"/>o the cash flo<span class=\"_ _5\"/>w projections of<span class=\"_ _5\"/> this CGU had been 1<span class=\"_ _b\"/>% higher than management\u2019<span class=\"_ _5\"/>s estimat<span class=\"_ _5\"/>es (1<span class=\"_ _b\"/>1.3<span class=\"_ _5\"/>% instead o<span class=\"_ _b\"/>f 10.3%),<span class=\"_ _b\"/> the headr<span class=\"_ _5\"/>oom would amoun<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o \u20ac1 million.<span class=\"_ _b\"/> The expected <span class=\"_ _5\"/>future cash flow<span class=\"_ _5\"/>s used in the goodwill impairmen<span class=\"_ _5\"/>t anal<span class=\"_ _5\"/>ysis are based on mana<span class=\"_ _5\"/>gement\u2019s estima<span class=\"_ _5\"/>tes.<span class=\"_ _b\"/> Even<span class=\"_ _5\"/>ts in our end-marke<span class=\"_ _5\"/>ts as well as <span class=\"_ _5\"/>the financial mark<span class=\"_ _5\"/>ets and the ov<span class=\"_ _5\"/>erall ec<span class=\"_ _5\"/>onomy ma<span class=\"_ _5\"/>y hav<span class=\"_ _5\"/>e an adverse impa<span class=\"_ _5\"/>ct on the estima<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>future cash flow<span class=\"_ _5\"/>s of <span class=\"_ _5\"/>the Group.Other in<span class=\"_ _5\"/>tangible assetsThe carrying amounts recognized in <span class=\"_ _5\"/>the Consolidat<span class=\"_ _b\"/>ed balance sheet <span class=\"_ _5\"/>for Other<span class=\"_ _5\"/> intangible asse<span class=\"_ _5\"/>ts are as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span><span class=\"fs7b lscd wse4\">2<span class=\"_ _6\"/>021</span>Customer<span class=\"_ _5\"/> Relationships<span class=\"_ _1fb\"> </span><span class=\"ls10e ws104\">2<span class=\"_ _7\"/>0<span class=\"_ _6\"/>,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>11<span class=\"_ _7\"/> <span class=\"_ _223\"> </span><span class=\"lsf0 ws10c\">21,<span class=\"_ _6\"/>724<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>rade names<span class=\"_ _1ca\"> </span><span class=\"lsef ws10b\">1,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>43<span class=\"_ _6\"/> <span class=\"_ _111\"> </span>1,8<span class=\"_ _6\"/>9<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span>Backlog<span class=\"_ _1d6\"> </span><span class=\"ls3 ws1\">30,850 <span class=\"_ _157\"> </span><span class=\"lsf3 ws10f\">38 </span></span>Other<span class=\"_ _256\"> </span><span class=\"ls152 ws191\">609 <span class=\"_ _133\"> </span><span class=\"ls6f ws77\">553 </span></span>T<span class=\"_ _b\"/>otal Other in<span class=\"_ _5\"/>tangible assets<span class=\"_ _257\"> </span><span class=\"ls118 ws10e\"> 53<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>13<span class=\"_ _6\"/> <span class=\"_ _29\"> </span><span class=\"lsf6 ws10f\"> 24<span class=\"_ _6\"/>,2<span class=\"_ _6\"/>09<span class=\"_ _6\"/> </span></span>In 2022<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the Group has a<span class=\"_ _5\"/>cquired IBI Group and has r<span class=\"_ _5\"/>ecognized a backl<span class=\"_ _5\"/>og f<span class=\"_ _5\"/>or an amount o<span class=\"_ _5\"/>f \u20ac40 million f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>which<span class=\"_ _6\"/> an amortization of<span class=\"_ _5\"/> \u20ac5.8 million has been expensed and presen<span class=\"_ _5\"/>ted within <span class=\"_ _0\"/>\u2018amortization o<span class=\"_ _5\"/>ther intangible asse<span class=\"_ _5\"/>ts\u2019<span class=\"_ _3\"/>. Other intangibl<span class=\"_ _5\"/>e assets hav<span class=\"_ _5\"/>e been acquired <span class=\"_ _5\"/>for<span class=\"_ _5\"/> which the purchase a<span class=\"_ _5\"/>ccounting is pr<span class=\"_ _5\"/>ovisional (see no<span class=\"_ _5\"/>te 6).In 2022 and 2<span class=\"_ _5\"/>021 no o<span class=\"_ _b\"/>ther changes were ma<span class=\"_ _5\"/>de in the useful lif<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> amor<span class=\"_ _6\"/>tization me<span class=\"_ _5\"/>thods or the residua<span class=\"_ _5\"/>l va<span class=\"_ _5\"/>lues of<span class=\"_ _5\"/> the Other in<span class=\"_ _5\"/>tangible assets.15 <span class=\"_ _2\"> </span>Property<span class=\"_ _b\"/>,<span class=\"_ _b\"/> plant &amp; equipmen<span class=\"_ _5\"/>tProperty<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipmen<span class=\"_ _5\"/>t is measured at<span class=\"_ _5\"/> cost l<span class=\"_ _5\"/>ess accumulat<span class=\"_ _5\"/>ed deprecia<span class=\"_ _5\"/>tion and impairment losses.<span class=\"_ _b\"/> Costs include expenditures <span class=\"_ _5\"/>that are dir<span class=\"_ _5\"/>ectly a<span class=\"_ _5\"/>ttributable t<span class=\"_ _5\"/>o the acquisition o<span class=\"_ _5\"/>f the asse<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> Subsequent c<span class=\"_ _5\"/>osts are recogniz<span class=\"_ _5\"/>ed in the carrying amount of<span class=\"_ _5\"/> Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipment<span class=\"_ _5\"/> if it is probabl<span class=\"_ _5\"/>e that<span class=\"_ _5\"/> future economic benefits wil<span class=\"_ _5\"/>l be obtained.<span class=\"_ _b\"/> The costs o<span class=\"_ _5\"/>f day<span class=\"_ _5\"/>-to-day<span class=\"_ _5\"/> ser<span class=\"_ _6\"/>vicing of<span class=\"_ _5\"/> property,<span class=\"_ _b\"/> plant &amp; equipmen<span class=\"_ _5\"/>t are expensed as incurred.Depreciation,<span class=\"_ _0\"/> based on the cost o<span class=\"_ _5\"/>f an asset l<span class=\"_ _5\"/>ess its residual v<span class=\"_ _5\"/>alue,<span class=\"_ _b\"/> is recognized in pro<span class=\"_ _5\"/>fit or loss on a s<span class=\"_ _5\"/>traight-line basis over<span class=\"_ _5\"/> the estimat<span class=\"_ _5\"/>ed useful life<span class=\"_ _5\"/>.<span class=\"_ _5\"/> The estima<span class=\"_ _5\"/>ted useful lif<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> Property,<span class=\"_ _b\"/> plant &amp; equipmen<span class=\"_ _5\"/>t vary ac<span class=\"_ _5\"/>cording t<span class=\"_ _5\"/>o their respective cat<span class=\"_ _5\"/>egories,<span class=\"_ _b\"/> as shown in the table her<span class=\"_ _5\"/>eafter<span class=\"_ _0\"/>.Cat<span class=\"_ _5\"/>egory<span class=\"_ _185\"> </span>Y<span class=\"_ _b\"/>earsLand<span class=\"_ _199\"> </span><span class=\"ws1\">Not deprecia<span class=\"_ _5\"/>ted</span>Buildings <span class=\"_ _207\"> </span><span class=\"ls3 ws18b\">30 -<span class=\"_ _0\"/> <span class=\"_ _7\"/>40 </span>Furnitures and fixtures<span class=\"_ _162\"> </span><span class=\"ls168 ws1\">5<span class=\"_ _6\"/> - <span class=\"_ _7\"/>10<span class=\"_ _7\"/> </span>(IT) equipment<span class=\"_ _258\"> </span><span class=\"ls168\">5<span class=\"_ _6\"/> - <span class=\"_ _7\"/>10<span class=\"_ _7\"/> </span>Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant and equipment<span class=\"_ _5\"/> under devel<span class=\"_ _5\"/>opment<span class=\"_ _259\"> </span>Not<span class=\"_ _5\"/> depreciat<span class=\"_ _5\"/>ed (yet)Depreciation me<span class=\"_ _5\"/>thods and useful life<span class=\"_ _5\"/>,<span class=\"_ _5\"/> as well as r<span class=\"_ _5\"/>esidual va<span class=\"_ _5\"/>lues,<span class=\"_ _5\"/> are reassessed annual<span class=\"_ _5\"/>ly<span class=\"_ _b\"/>.<span class=\"_ _5\"/> When parts of an it<span class=\"_ _5\"/>em of Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipmen<span class=\"_ _5\"/>t have diff<span class=\"_ _5\"/>erent use<span class=\"_ _5\"/>ful life,<span class=\"_ _b\"/> they ar<span class=\"_ _5\"/>e account<span class=\"_ _5\"/>ed f<span class=\"_ _5\"/>or as separa<span class=\"_ _5\"/>te items (major c<span class=\"_ _5\"/>omponents) of<span class=\"_ _5\"/> Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipmen<span class=\"_ _5\"/>t.Gains on the sal<span class=\"_ _5\"/>e of an it<span class=\"_ _5\"/>em of Pr<span class=\"_ _5\"/>oper<span class=\"_ _6\"/>ty<span class=\"_ _b\"/>, plan<span class=\"_ _5\"/>t &amp; equipment ar<span class=\"_ _5\"/>e determined by<span class=\"_ _5\"/> comparing the proc<span class=\"_ _5\"/>eeds from disposal with the carrying amount o<span class=\"_ _5\"/>f Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipmen<span class=\"_ _5\"/>t and are rec<span class=\"_ _5\"/>ognized within Other income in <span class=\"_ _5\"/>the Consolidat<span class=\"_ _5\"/>ed income sta<span class=\"_ _5\"/>tement.<span class=\"_ _b\"/> Losses on the sa<span class=\"_ _5\"/>le of an it<span class=\"_ _5\"/>em of<span class=\"_ _5\"/> Property,<span class=\"_ _b\"/> plant &amp; equipmen<span class=\"_ _5\"/>t are recogniz<span class=\"_ _5\"/>ed within Other operationa<span class=\"_ _5\"/>l costs in the C<span class=\"_ _5\"/>onsolidated inc<span class=\"_ _5\"/>ome stat<span class=\"_ _5\"/>ement.The determina<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> impairment of<span class=\"_ _5\"/> Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipment<span class=\"_ _5\"/> invol<span class=\"_ _5\"/>ves the use o<span class=\"_ _5\"/>f estima<span class=\"_ _5\"/>tes.<span class=\"_ _b\"/> The recov<span class=\"_ _5\"/>erable amount is de<span class=\"_ _5\"/>termined by disc<span class=\"_ _5\"/>ounting the estima<span class=\"_ _5\"/>ted futur<span class=\"_ _5\"/>e cash flows <span class=\"_ _5\"/>to present<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue using a discount r<span class=\"_ _5\"/>ate <span class=\"_ _5\"/>that reflects the curr<span class=\"_ _5\"/>ent marke<span class=\"_ _5\"/>t assessments o<span class=\"_ _5\"/>f the time <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f money and <span class=\"_ _5\"/>the risks specific to <span class=\"_ _5\"/>the asset.<span class=\"_ _5\"/> The identification o<span class=\"_ _5\"/>f impairment indica<span class=\"_ _5\"/>tors,<span class=\"_ _b\"/> as well as <span class=\"_ _5\"/>the estimation o<span class=\"_ _5\"/>f future cash <span class=\"_ _5\"/>flows,<span class=\"_ _b\"/> discount ra<span class=\"_ _5\"/>tes and <span class=\"_ _5\"/>the determina<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue for<span class=\"_ _5\"/> the assets requires mana<span class=\"_ _5\"/>gement t<span class=\"_ _5\"/>o make significant judgemen<span class=\"_ _5\"/>ts.In 202<span class=\"_ _b\"/>1 and 2020 no changes wer<span class=\"_ _5\"/>e made in the useful liv<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> depreciation methods and <span class=\"_ _5\"/>the residual v<span class=\"_ _5\"/>alues o<span class=\"_ _5\"/>f Property<span class=\"_ _b\"/>,<span class=\"_ _5\"/> plant &amp; equipment<span class=\"_ _5\"/> elements tha<span class=\"_ _b\"/>t mat<span class=\"_ _5\"/>eriall<span class=\"_ _5\"/>y impact<span class=\"_ _5\"/>ed the Compan<span class=\"_ _5\"/>y<span class=\"_ _5\"/>.<span class=\"_ _b\"/> No proper<span class=\"_ _6\"/>ties wer<span class=\"_ _5\"/>e regist<span class=\"_ _5\"/>ered as security <span class=\"_ _5\"/>for bank<span class=\"_ _5\"/> loans.Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> Plant and Land and Furniture and IT Equipment<span class=\"_ _5\"/> under In \u20ac thousandsBuildingsfixturesequipmentdevelopmen<span class=\"_ _5\"/>t <span class=\"_ _a6\"> </span><span class=\"ff1 ls163 ws193\">To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l</span>Cost<span class=\"_ _12e\"> </span> 56<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>87 <span class=\"_ _a9\"> </span> 103<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>16<span class=\"_ _6\"/> <span class=\"_ _a9\"> </span> 101,7<span class=\"_ _6\"/>21<span class=\"_ _6\"/> <span class=\"_ _1b7\"> </span><span class=\"lsed ws163\"> 7,<span class=\"_ _7\"/>3<span class=\"_ _7\"/>5<span class=\"_ _7\"/>4<span class=\"_ _7\"/> <span class=\"_ _ba\"> </span><span class=\"lsfe ws5b\"> 26<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,578<span class=\"_ _6\"/> </span></span>Accumulat<span class=\"_ _5\"/>ed depreciation<span class=\"_ _25a\"> </span> (37<span class=\"_ _b\"/>,936)<span class=\"_ _a9\"> </span> (65,20<span class=\"_ _6\"/>6)<span class=\"_ _b2\"> </span> (81,30<span class=\"_ _6\"/>4)<span class=\"_ _9c\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _b0\"> </span></span> (184<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>46)Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2020<span class=\"_ _6\"/> <span class=\"_ _10b\"> </span> 18<span class=\"_ _7\"/>,551<span class=\"_ _6\"/> <span class=\"_ _a5\"> </span> 3<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>1<span class=\"_ _7\"/>0<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span> 20,4<span class=\"_ _5\"/>1<span class=\"_ _5\"/>7 <span class=\"_ _7d\"> </span><span class=\"ls147 ws172\"> 7,<span class=\"_ _7\"/>3<span class=\"_ _6\"/>5<span class=\"_ _7\"/>4<span class=\"_ _7\"/> <span class=\"_ _d7\"> </span><span class=\"ls118 ws10e\"> 8<span class=\"_ _7\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>132<span class=\"_ _6\"/> </span></span>Additions<span class=\"_ _25b\"> </span> 389 <span class=\"_ _4d\"> </span> 13<span class=\"_ _7\"/>,3<span class=\"_ _6\"/>9<span class=\"_ _7\"/>5<span class=\"_ _6\"/> <span class=\"_ _d4\"> </span> 16<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>0<span class=\"_ _7\"/>0<span class=\"_ _6\"/> <span class=\"_ _d1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _d9\"> </span><span class=\"ls3 ws137\"> 30,1<span class=\"_ _b\"/>8<span class=\"_ _6\"/>4 </span></span>Acquisitions/ (div<span class=\"_ _5\"/>estments)<span class=\"_ _25c\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _25d\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _c\"> </span>-   </span>Disposals<span class=\"_ _1b0\"> </span><span class=\"ws1\"> (1,7<span class=\"_ _b\"/>43)<span class=\"_ _e4\"> </span> (4,79<span class=\"_ _6\"/>4)<span class=\"_ _54\"> </span> (695)<span class=\"_ _109\"> </span><span class=\"lsef ws11c\"> (1,<span class=\"_ _6\"/>16<span class=\"_ _6\"/>3)<span class=\"_ _b7\"> </span></span> (8<span class=\"_ _6\"/>,395)</span>Reclassifications<span class=\"_ _25e\"> </span> 50 <span class=\"_ _223\"> </span> 32<span class=\"_ _6\"/>5 <span class=\"_ _de\"> </span><span class=\"lsef ws11c\"> 1,4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _83\"> </span></span><span class=\"ws1\"> (1,2<span class=\"_ _5\"/>82)<span class=\"_ _bc\"> </span><span class=\"ls6f ws13a\"> 55<span class=\"_ _6\"/>6 </span></span>Depreciation char<span class=\"_ _5\"/>ges<span class=\"_ _7f\"> </span> (4,936)<span class=\"_ _c3\"> </span> (1<span class=\"_ _5\"/>1,375<span class=\"_ _6\"/>)<span class=\"_ _c3\"> </span> (11,16<span class=\"_ _6\"/>9)<span class=\"_ _222\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _aa\"> </span><span class=\"ls9d ws1\"> (27<span class=\"_ _b\"/>,4<span class=\"_ _6\"/>80)</span></span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _21\"> </span><span class=\"lsef ws11c\"> 1,02<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _de\"> </span></span> 1,277 <span class=\"_ _223\"> </span> 92<span class=\"_ _6\"/>6 <span class=\"_ _c8\"> </span><span class=\"lsfc ws11b\"> 331 <span class=\"_ _b3\"> </span><span class=\"ls6f ws13a\"> 3,<span class=\"_ _6\"/>554<span class=\"_ _6\"/> </span></span>Movement<span class=\"_ _5\"/> 2021 <span class=\"_ _75\"> </span> (5,22<span class=\"_ _6\"/>0)<span class=\"_ _bc\"> </span> (1,1<span class=\"_ _5\"/>72)<span class=\"_ _252\"> </span> 6<span class=\"_ _6\"/>,925 <span class=\"_ _83\"> </span> (2,1<span class=\"_ _b\"/>14)<span class=\"_ _b7\"> </span> (1,581)Cost<span class=\"_ _25f\"> </span> 56<span class=\"_ _6\"/>,202<span class=\"_ _6\"/> <span class=\"_ _b2\"> </span> 113<span class=\"_ _7\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>1<span class=\"_ _6\"/>9<span class=\"_ _7\"/> <span class=\"_ _b2\"> </span> 11<span class=\"_ _6\"/>9<span class=\"_ _6\"/>,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>1<span class=\"_ _6\"/>5<span class=\"_ _7\"/> <span class=\"_ _7d\"> </span><span class=\"lsf8 wse9\"> 5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>41<span class=\"_ _6\"/> <span class=\"_ _ba\"> </span><span class=\"ls9d ws1\"> 2<span class=\"_ _6\"/>94,477 </span></span>Accumulat<span class=\"_ _5\"/>ed depreciation<span class=\"_ _260\"> </span> (42,872<span class=\"_ _5\"/>)<span class=\"_ _a8\"> </span> (76,581)<span class=\"_ _a8\"> </span> (92,473<span class=\"_ _5\"/>)<span class=\"_ _222\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _9e\"> </span></span> (21<span class=\"_ _5\"/>1,9<span class=\"_ _5\"/>26)At<span class=\"_ _5\"/> 31 December 202<span class=\"_ _5\"/>1 <span class=\"_ _173\"> </span><span class=\"ls118 ws10e\"> 13<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>31<span class=\"_ _6\"/> <span class=\"_ _39\"> </span></span> 36,63<span class=\"_ _6\"/>8 <span class=\"_ _a6\"> </span> 27<span class=\"_ _5\"/>,342<span class=\"_ _6\"/> <span class=\"_ _133\"> </span><span class=\"lsf6 ws10f\"> 5,24<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _63\"> </span><span class=\"lsfc ws11b\"> 82<span class=\"_ _6\"/>,<span class=\"_ _6\"/>551<span class=\"_ _6\"/> </span></span>Additions<span class=\"_ _15\"> </span> 7,<span class=\"_ _7\"/>1<span class=\"_ _6\"/>5<span class=\"_ _7\"/>0<span class=\"_ _7\"/> <span class=\"_ _55\"> </span><span class=\"lsf9 ws115\">1<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>6<span class=\"_ _7\"/> <span class=\"_ _55\"> </span></span>1<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>0<span class=\"_ _7\"/>8<span class=\"_ _7\"/>6<span class=\"_ _7\"/> <span class=\"_ _7d\"> </span><span class=\"lsf8 wse9\"> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>51<span class=\"_ _6\"/> <span class=\"_ _50\"> </span><span class=\"lsee ws10a\">3<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>13</span></span>Acquisitions/ div<span class=\"_ _5\"/>estments<span class=\"_ _261\"> </span><span class=\"lsef ws11c\"> 16<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>5<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _194\"> </span></span>6,0<span class=\"_ _6\"/>44<span class=\"_ _18a\"> </span>3,59<span class=\"_ _6\"/>6<span class=\"_ _a1\"> </span><span class=\"lsff ws11b\">(39)<span class=\"_ _b7\"> </span><span class=\"ls3e ws3a\">26<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>57</span></span>Disposals<span class=\"_ _262\"> </span><span class=\"lsf0 ws15c\"> (32)<span class=\"_ _252\"> </span></span>(3,5<span class=\"_ _6\"/>43)<span class=\"_ _a0\"> </span>(<span class=\"_ _6\"/>6<span class=\"_ _7\"/>81)<span class=\"_ _163\"> </span><span class=\"lsfc ws118\">(18<span class=\"_ _6\"/>6<span class=\"_ _6\"/>)<span class=\"_ _d9\"> </span></span>(4<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>42)Reclassifications<span class=\"_ _23\"> </span> 383 <span class=\"_ _db\"> </span>(1,<span class=\"_ _6\"/>16<span class=\"_ _6\"/>6<span class=\"_ _6\"/>)<span class=\"_ _194\"> </span><span class=\"lsf3 ws10f\">4,550<span class=\"_ _8b\"> </span></span>(3,521<span class=\"_ _5\"/>)<span class=\"_ _252\"> </span><span class=\"lsf0 ws10c\">24<span class=\"_ _6\"/>6</span>Depreciation char<span class=\"_ _5\"/>ges<span class=\"_ _87\"> </span> (4,8<span class=\"_ _6\"/>4<span class=\"_ _6\"/>4)<span class=\"_ _d4\"> </span><span class=\"wsac\">(11<span class=\"_ _5\"/>,392)<span class=\"_ _d2\"> </span>(15,226)<span class=\"_ _20f\"> </span><span class=\"ls3 ws1\">-<span class=\"_ _174\"> </span></span>(31,462)</span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _263\"> </span><span class=\"lsee ws11e\"> (<span class=\"_ _6\"/>613<span class=\"_ _6\"/>)<span class=\"_ _133\"> </span></span><span class=\"ls3\">6<span class=\"_ _4f\"> </span></span>(30)<span class=\"_ _1bb\"> </span><span class=\"ls3e ws3a\">26<span class=\"_ _6\"/>4<span class=\"_ _252\"> </span><span class=\"ls10c ws129\">(<span class=\"_ _6\"/>373)</span></span>Movement<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _67\"> </span> 18<span class=\"_ _6\"/>,<span class=\"_ _6\"/>50<span class=\"_ _7\"/>0 <span class=\"_ _3b\"> </span><span class=\"ls117 ws134\">75<span class=\"_ _18a\"> </span></span>9,295<span class=\"_ _16a\"> </span><span class=\"lscd wse4\">(<span class=\"_ _6\"/>9<span class=\"_ _6\"/>31)<span class=\"_ _b7\"> </span><span class=\"lsf1 ws10d\">26<span class=\"_ _6\"/>,939</span></span>Cost<span class=\"_ _130\"> </span> 79,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>47<span class=\"_ _6\"/> <span class=\"_ _e3\"> </span>12<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>6<span class=\"_ _7\"/>8<span class=\"_ _6\"/>6<span class=\"_ _39\"> </span>14<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>3<span class=\"_ _6\"/>6<span class=\"_ _160\"> </span><span class=\"ls9d wsac\">4,30<span class=\"_ _6\"/>9<span class=\"_ _d7\"> </span><span class=\"ls128 ws148\">352,878</span></span>Accumulat<span class=\"_ _5\"/>ed depreciation<span class=\"_ _142\"> </span> (47<span class=\"_ _b\"/>,<span class=\"_ _6\"/>716<span class=\"_ _6\"/>)<span class=\"_ _39\"> </span><span class=\"ls9d wsac\">(87<span class=\"_ _5\"/>,973<span class=\"_ _5\"/>)<span class=\"_ _df\"> </span>(107<span class=\"_ _b\"/>,699)<span class=\"_ _97\"> </span><span class=\"ls3 ws1\">-<span class=\"_ _9e\"> </span></span>(243,38<span class=\"_ _6\"/>8)</span>At<span class=\"_ _5\"/> 31 December 2022 <span class=\"_ _ec\"> </span> 31,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>31 <span class=\"_ _d3\"> </span>3<span class=\"_ _7\"/>6<span class=\"_ _6\"/>,7<span class=\"_ _6\"/>13<span class=\"_ _252\"> </span><span class=\"ls10d ws12b\">3<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>37<span class=\"_ _66\"> </span></span><span class=\"wsac\">4<span class=\"_ _6\"/>,30<span class=\"_ _6\"/>9<span class=\"_ _d8\"> </span><span class=\"ls6f ws77\">10<span class=\"_ _6\"/>9<span class=\"_ _6\"/>,49<span class=\"_ _7\"/>0</span></span>F<span class=\"_ _5\"/>or more details on a<span class=\"_ _5\"/>cquisitions and divestmen<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> go t<span class=\"_ _5\"/>o not<span class=\"_ _5\"/>e 6.16  <span class=\"_ _b\"/>Right-of<span class=\"_ _b\"/>-use assets and lease liabilitiesA con<span class=\"_ _5\"/>tract is,<span class=\"_ _b\"/> or contains,<span class=\"_ _b\"/> a lease if it c<span class=\"_ _5\"/>onveys <span class=\"_ _5\"/>the right t<span class=\"_ _5\"/>o control <span class=\"_ _5\"/>the use of an iden<span class=\"_ _5\"/>tified asset f<span class=\"_ _5\"/>or a period of<span class=\"_ _5\"/> time in exchange <span class=\"_ _5\"/>for c<span class=\"_ _5\"/>onsideration.<span class=\"_ _b\"/> Control is c<span class=\"_ _5\"/>onveyed <span class=\"_ _5\"/>when the Group has bo<span class=\"_ _5\"/>th the right <span class=\"_ _5\"/>to direct <span class=\"_ _5\"/>the identified asset\u2019s use and t<span class=\"_ _5\"/>o obtain substantia<span class=\"_ _5\"/>lly<span class=\"_ _5\"/> all the ec<span class=\"_ _5\"/>onomic benefits from tha<span class=\"_ _5\"/>t use.<span class=\"_ _b\"/> Contr<span class=\"_ _5\"/>acts may con<span class=\"_ _5\"/>tain both lease and non-lease c<span class=\"_ _5\"/>omponents.<span class=\"_ _b\"/> The Group alloca<span class=\"_ _5\"/>tes <span class=\"_ _5\"/>the consideration <span class=\"_ _5\"/>to these components based on its rela<span class=\"_ _5\"/>tive stand-a<span class=\"_ _5\"/>lone prices.<span class=\"_ _b\"/> Non-lease components are no<span class=\"_ _5\"/>t included in the righ<span class=\"_ _5\"/>t-of-use asset<span class=\"_ _5\"/> and lease liability but<span class=\"_ _5\"/> account<span class=\"_ _5\"/>ed f<span class=\"_ _5\"/>or separat<span class=\"_ _5\"/>el<span class=\"_ _5\"/>y<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Right-of<span class=\"_ _5\"/>-use assets At<span class=\"_ _5\"/> commencement<span class=\"_ _5\"/> of a lease<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the Group measur<span class=\"_ _5\"/>es right-of-use asse<span class=\"_ _5\"/>ts initiall<span class=\"_ _5\"/>y at<span class=\"_ _5\"/> cost,<span class=\"_ _b\"/> and subsequently<span class=\"_ _5\"/> at c<span class=\"_ _5\"/>ost less any<span class=\"_ _5\"/> accumula<span class=\"_ _5\"/>ted deprecia<span class=\"_ _5\"/>tion and impairment losses and a<span class=\"_ _5\"/>djusted <span class=\"_ _5\"/>for certain remeasuremen<span class=\"_ _5\"/>ts of <span class=\"_ _5\"/>the lease liability<span class=\"_ _b\"/>.The cost<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the right-of-use asse<span class=\"_ _5\"/>ts comprise the f<span class=\"_ _5\"/>ollowing:\u2022 <span class=\"_ _33\"> </span><span class=\"fc6\">Amount of<span class=\"_ _5\"/> the initial measurement<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the lease liability;</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6\">Any lease paymen<span class=\"_ _5\"/>ts made at<span class=\"_ _5\"/> or befor<span class=\"_ _5\"/>e the commencemen<span class=\"_ _5\"/>t dat<span class=\"_ _5\"/>e less any l<span class=\"_ _5\"/>ease incentives rec<span class=\"_ _5\"/>eived at or<span class=\"_ _5\"/> after <span class=\"_ _5\"/>the </span>commencement<span class=\"_ _5\"/> dat<span class=\"_ _5\"/>e;\u2022 <span class=\"_ _33\"> </span><span class=\"fc6\">Any initial direct c<span class=\"_ _5\"/>osts; and</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6\">Restora<span class=\"_ _5\"/>tion costs i.<span class=\"_ _5\"/>e estimat<span class=\"_ _5\"/>e of <span class=\"_ _5\"/>the costs t<span class=\"_ _5\"/>o be incurred f<span class=\"_ _5\"/>or dismantling,<span class=\"_ _b\"/> removal and/ or<span class=\"_ _5\"/> restor<span class=\"_ _5\"/>ation t<span class=\"_ _5\"/>o the </span>conditions required b<span class=\"_ _5\"/>y the <span class=\"_ _5\"/>terms of<span class=\"_ _5\"/> the lease.See not<span class=\"_ _5\"/>e 29 for<span class=\"_ _5\"/> the acc<span class=\"_ _5\"/>ounting policy on provisions <span class=\"_ _5\"/>for right<span class=\"_ _5\"/>-of-use assets (r<span class=\"_ _5\"/>estora<span class=\"_ _5\"/>tion provisions).<span class=\"_ _b\"/> Right-of<span class=\"_ _5\"/>-use assets are genera<span class=\"_ _5\"/>lly<span class=\"_ _5\"/> depreciat<span class=\"_ _5\"/>ed over <span class=\"_ _5\"/>the shorter of<span class=\"_ _5\"/> the asset's useful lif<span class=\"_ _5\"/>e and the lease <span class=\"_ _5\"/>term on a straight<span class=\"_ _5\"/>-line basis.<span class=\"_ _5\"/>   Lease liabilitiesLease liabilities are initia<span class=\"_ _5\"/>lly<span class=\"_ _5\"/> measured at<span class=\"_ _5\"/> the present<span class=\"_ _5\"/> value o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>future lease pa<span class=\"_ _5\"/>yments that<span class=\"_ _5\"/> are not<span class=\"_ _5\"/> paid at <span class=\"_ _5\"/>the commencement<span class=\"_ _5\"/> dat<span class=\"_ _5\"/>e discounted using an implicit<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e of in<span class=\"_ _5\"/>terest,<span class=\"_ _0\"/> unless this cannot r<span class=\"_ _5\"/>eadily<span class=\"_ _5\"/> be determined,<span class=\"_ _b\"/> in which case an incremental borr<span class=\"_ _5\"/>owing ra<span class=\"_ _5\"/>te is used.<span class=\"_ _b\"/> The lease liability is subsequentl<span class=\"_ _b\"/>y increased by <span class=\"_ _5\"/>the interes<span class=\"_ _5\"/>t cost<span class=\"_ _5\"/> on the lease liability and decr<span class=\"_ _5\"/>eased by lease pa<span class=\"_ _5\"/>yments made.<span class=\"_ _b\"/> It is remeasured <span class=\"_ _5\"/>when there is a change in <span class=\"_ _5\"/>future lease paymen<span class=\"_ _5\"/>ts arising from a change in an inde<span class=\"_ _5\"/>x or ra<span class=\"_ _5\"/>te,<span class=\"_ _b\"/> a change in the estima<span class=\"_ _5\"/>te or <span class=\"_ _5\"/>the amount expect<span class=\"_ _5\"/>ed to be pa<span class=\"_ _5\"/>yable under a residual <span class=\"_ _5\"/>value guaran<span class=\"_ _5\"/>tee,<span class=\"_ _b\"/> or as appropria<span class=\"_ _5\"/>te,<span class=\"_ _b\"/> changes in the assessment o<span class=\"_ _5\"/>f whe<span class=\"_ _5\"/>ther a purchase or e<span class=\"_ _5\"/>xtension option is reasonabl<span class=\"_ _5\"/>y certain to be e<span class=\"_ _5\"/>xercised or<span class=\"_ _5\"/> a termina<span class=\"_ _5\"/>tion option is reasonabl<span class=\"_ _b\"/>y certain not t<span class=\"_ _5\"/>o be exer<span class=\"_ _5\"/>cised.Judgment is applied <span class=\"_ _5\"/>to det<span class=\"_ _5\"/>ermine the lease t<span class=\"_ _5\"/>erm f<span class=\"_ _5\"/>or some lease contr<span class=\"_ _5\"/>acts in which it is a lessee <span class=\"_ _5\"/>that incl<span class=\"_ _5\"/>ude renewal and t<span class=\"_ _5\"/>ermination options.<span class=\"_ _b\"/> The assessment<span class=\"_ _5\"/> of <span class=\"_ _5\"/>whether the Gr<span class=\"_ _5\"/>oup is reasonably<span class=\"_ _5\"/> certain to ex<span class=\"_ _5\"/>ercise such option impa<span class=\"_ _5\"/>cts the lease t<span class=\"_ _5\"/>erm,<span class=\"_ _5\"/> which significantl<span class=\"_ _5\"/>y affects <span class=\"_ _5\"/>the amount of<span class=\"_ _5\"/> lease liabilities and right-o<span class=\"_ _5\"/>f-use assets recogniz<span class=\"_ _5\"/>ed.<span class=\"_ _5\"/> A<span class=\"_ _5\"/>t reporting dat<span class=\"_ _5\"/>e all f<span class=\"_ _5\"/>acts and circumstances are c<span class=\"_ _5\"/>onsidered tha<span class=\"_ _5\"/>t creat<span class=\"_ _5\"/>e an economic incentiv<span class=\"_ _5\"/>e in determining <span class=\"_ _5\"/>whether it is reasonabl<span class=\"_ _5\"/>y certain that<span class=\"_ _5\"/> an extension or<span class=\"_ _5\"/> termina<span class=\"_ _5\"/>tion option wil<span class=\"_ _5\"/>l be recognized.<span class=\"_ _b\"/> Changes in the estima<span class=\"_ _5\"/>te are rec<span class=\"_ _5\"/>ognized prospectivel<span class=\"_ _5\"/>y<span class=\"_ _5\"/>.Incremental Borr<span class=\"_ _5\"/>owing Rat<span class=\"_ _5\"/>eThe Incremental Borr<span class=\"_ _5\"/>owing Rat<span class=\"_ _5\"/>e (IBR) is determined based on a buil<span class=\"_ _5\"/>d-up approach,<span class=\"_ _b\"/> whereby ea<span class=\"_ _5\"/>ch category o<span class=\"_ _5\"/>f leases has an IBR based on the coun<span class=\"_ _5\"/>tr<span class=\"_ _6\"/>y (and currency) o<span class=\"_ _5\"/>f the lessee and <span class=\"_ _5\"/>the lease term.<span class=\"_ _0\"/> Lease incen<span class=\"_ _5\"/>tivesLease incen<span class=\"_ _5\"/>tives are deducted fr<span class=\"_ _5\"/>om the right o<span class=\"_ _5\"/>f use assets if<span class=\"_ _5\"/> received bef<span class=\"_ _5\"/>ore the c<span class=\"_ _5\"/>ommencement da<span class=\"_ _5\"/>te of<span class=\"_ _5\"/> the lease; they ar<span class=\"_ _5\"/>e deducted from <span class=\"_ _5\"/>the lease liability if r<span class=\"_ _5\"/>eceived at<span class=\"_ _5\"/> or after<span class=\"_ _5\"/> the commencement<span class=\"_ _5\"/> dat<span class=\"_ _5\"/>e of <span class=\"_ _5\"/>the lease.<span class=\"_ _b\"/> Amounts receiv<span class=\"_ _5\"/>ed for<span class=\"_ _5\"/> leasehold improv<span class=\"_ _5\"/>ements are deprecia<span class=\"_ _5\"/>ted ov<span class=\"_ _5\"/>er a period not<span class=\"_ _5\"/> longer than <span class=\"_ _5\"/>the lease term.<span class=\"_ _0\"/>  Short-term and l<span class=\"_ _5\"/>ow v<span class=\"_ _5\"/>alue leasesPayments associa<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>with shor<span class=\"_ _6\"/>t-t<span class=\"_ _5\"/>erm and/<span class=\"_ _5\"/>or low<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue leases are recogniz<span class=\"_ _5\"/>ed on a straight-line basis as an e<span class=\"_ _5\"/>xpense in profit<span class=\"_ _5\"/> or loss.<span class=\"_ _b\"/> As a lessorThe Group sub-leases some of<span class=\"_ _5\"/> its buildings,<span class=\"_ _b\"/> although no<span class=\"_ _5\"/>t significant.<span class=\"_ _b\"/> The head leases are presen<span class=\"_ _5\"/>ted in the right<span class=\"_ _5\"/>-of-use assets and the sub-lease con<span class=\"_ _5\"/>tracts are tr<span class=\"_ _5\"/>eated as oper<span class=\"_ _5\"/>ating leases under<span class=\"_ _5\"/> IFRS 16.<span class=\"_ _5\"/> Income from sub-leases is presen<span class=\"_ _5\"/>ted in Other income<span class=\"_ _5\"/>,<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 8.Rent<span class=\"_ _5\"/> concessions Rent<span class=\"_ _5\"/> concessions are ac<span class=\"_ _5\"/>counted <span class=\"_ _5\"/>for as l<span class=\"_ _5\"/>ease modifications by <span class=\"_ _5\"/>the Group.This not<span class=\"_ _5\"/>e provides in<span class=\"_ _5\"/>forma<span class=\"_ _5\"/>tion for<span class=\"_ _5\"/> leases wher<span class=\"_ _5\"/>e the Group is a lessee<span class=\"_ _5\"/>.Leasing a<span class=\"_ _5\"/>ctivitiesThe Group<span class=\"_ _5\"/>\u2019s lease portfolio c<span class=\"_ _5\"/>onsists of<span class=\"_ _5\"/> almost 2<span class=\"_ _5\"/>,50<span class=\"_ _6\"/>4 active lease con<span class=\"_ _5\"/>tracts at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 202<span class=\"_ _5\"/>2 (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 2,500),<span class=\"_ _5\"/> mainly<span class=\"_ _5\"/> rela<span class=\"_ _5\"/>ted t<span class=\"_ _5\"/>o real<span class=\"_ _b\"/>-<span class=\"_ _6\"/>estat<span class=\"_ _5\"/>e lease con<span class=\"_ _5\"/>tracts and vehicl<span class=\"_ _5\"/>es.<span class=\"_ _b\"/> Approxima<span class=\"_ _5\"/>tel<span class=\"_ _b\"/>y 92% o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f the l<span class=\"_ _5\"/>ease liability is <span class=\"_ _5\"/>from land and buildings.Lease t<span class=\"_ _5\"/>ermsLease <span class=\"_ _5\"/>terms are genera<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y nego<span class=\"_ _5\"/>tiat<span class=\"_ _5\"/>ed locall<span class=\"_ _b\"/>y<span class=\"_ _5\"/>,<span class=\"_ _5\"/> with support fr<span class=\"_ _5\"/>om the Global <span class=\"_ _5\"/>W<span class=\"_ _5\"/>orkplace direct<span class=\"_ _5\"/>or and/<span class=\"_ _b\"/>or regional r<span class=\"_ _5\"/>eal esta<span class=\"_ _5\"/>te or pr<span class=\"_ _5\"/>ocurement <span class=\"_ _5\"/>teams <span class=\"_ _5\"/>where needed.<span class=\"_ _b\"/> Contra<span class=\"_ _5\"/>cts are negotiat<span class=\"_ _b\"/>ed on an individual basis and contain a <span class=\"_ _5\"/>wide range of<span class=\"_ _5\"/> t<span class=\"_ _5\"/>erms and conditions,<span class=\"_ _b\"/> such as early <span class=\"_ _5\"/>termina<span class=\"_ _5\"/>tion clauses and renew<span class=\"_ _5\"/>al rights.<span class=\"_ _b\"/> They<span class=\"_ _5\"/> may contain bo<span class=\"_ _5\"/>th lease and non-lease c<span class=\"_ _5\"/>omponents,<span class=\"_ _b\"/> whereby<span class=\"_ _5\"/> the Group has elect<span class=\"_ _5\"/>ed not <span class=\"_ _5\"/>to incl<span class=\"_ _5\"/>ude the service element<span class=\"_ _5\"/> in leases (e.<span class=\"_ _5\"/>g.<span class=\"_ _5\"/> fuel,<span class=\"_ _b\"/> insurance) in the righ<span class=\"_ _5\"/>t-of-use asse<span class=\"_ _5\"/>t and lease liability<span class=\"_ _b\"/>.T<span class=\"_ _b\"/>ermination clauses and r<span class=\"_ _5\"/>enewal righ<span class=\"_ _5\"/>ts are included in sever<span class=\"_ _5\"/>al real es<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>e leases across <span class=\"_ _5\"/>the Group.<span class=\"_ _0\"/> These are used t<span class=\"_ _5\"/>o maximize operationa<span class=\"_ _5\"/>l flexibility<span class=\"_ _5\"/> in terms o<span class=\"_ _5\"/>f managing <span class=\"_ _5\"/>the assets used in the Gr<span class=\"_ _5\"/>oup\u2019<span class=\"_ _5\"/>s operations.<span class=\"_ _0\"/> In<span class=\"_ _6\"/> det<span class=\"_ _5\"/>ermining the lease t<span class=\"_ _b\"/>erm,<span class=\"_ _5\"/> management c<span class=\"_ _5\"/>onsiders all f<span class=\"_ _5\"/>acts and circumstances <span class=\"_ _5\"/>that<span class=\"_ _5\"/> creat<span class=\"_ _5\"/>e an economic incentiv<span class=\"_ _5\"/>e to e<span class=\"_ _5\"/>xercise a r<span class=\"_ _5\"/>enewal righ<span class=\"_ _5\"/>t,<span class=\"_ _b\"/> or not e<span class=\"_ _5\"/>xercise a <span class=\"_ _5\"/>termina<span class=\"_ _5\"/>tion clause.<span class=\"_ _b\"/> Both ext<span class=\"_ _5\"/>ension and t<span class=\"_ _5\"/>ermination options ar<span class=\"_ _5\"/>e howev<span class=\"_ _5\"/>er onl<span class=\"_ _5\"/>y included in <span class=\"_ _5\"/>the lease t<span class=\"_ _5\"/>erm if it is reasonabl<span class=\"_ _b\"/>y certain that<span class=\"_ _5\"/> a lease wil<span class=\"_ _5\"/>l be extended or termina<span class=\"_ _5\"/>ted.<span class=\"_ _b\"/>  F<span class=\"_ _5\"/>actors tha<span class=\"_ _5\"/>t are c<span class=\"_ _5\"/>onsidered in t<span class=\"_ _5\"/>erminating or<span class=\"_ _5\"/> renewing leases include amongs<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>thers:\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Significant penal<span class=\"_ _b\"/>ties invol<span class=\"_ _5\"/>ved;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Leasehold impr<span class=\"_ _5\"/>ovements ma<span class=\"_ _5\"/>de with a significant r<span class=\"_ _5\"/>emaining val<span class=\"_ _5\"/>ue; and</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Costs and business disrup<span class=\"_ _b\"/>tion required t<span class=\"_ _5\"/>o replace a l<span class=\"_ _5\"/>eased asset.</span>An amount o<span class=\"_ _b\"/>f \u20ac19 mil<span class=\"_ _5\"/>lion (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac33 million) ext<span class=\"_ _b\"/>ension and/or<span class=\"_ _5\"/> renewa<span class=\"_ _5\"/>l options are incl<span class=\"_ _5\"/>uded in the Group<span class=\"_ _5\"/>\u2019s lease liability a<span class=\"_ _b\"/>t 31 December<span class=\"_ _5\"/> 2022 r<span class=\"_ _5\"/>eflecting that<span class=\"_ _5\"/> the Group c<span class=\"_ _5\"/>ould not<span class=\"_ _5\"/> replace l<span class=\"_ _5\"/>eased assets without significant cos<span class=\"_ _5\"/>t or business disrup<span class=\"_ _5\"/>tion.As at 3<span class=\"_ _b\"/>1 December 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> potentia<span class=\"_ _5\"/>l future cash outflo<span class=\"_ _5\"/>ws of<span class=\"_ _5\"/> \u20ac164 million (undiscoun<span class=\"_ _5\"/>ted) (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _0\"/>16 mil<span class=\"_ _5\"/>lion)<span class=\"_ _6\"/> hav<span class=\"_ _5\"/>e not been incl<span class=\"_ _5\"/>uded in the lease liability<span class=\"_ _5\"/> because it is not<span class=\"_ _5\"/> reasonabl<span class=\"_ _5\"/>y certain tha<span class=\"_ _5\"/>t the leases <span class=\"_ _5\"/>will be ext<span class=\"_ _5\"/>ended (or not<span class=\"_ _5\"/> t<span class=\"_ _5\"/>erminat<span class=\"_ _5\"/>ed).<span class=\"_ _5\"/> During 2022 <span class=\"_ _5\"/>the financial impact o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the reassessment o<span class=\"_ _5\"/>f reasonabl<span class=\"_ _5\"/>e certainty led t<span class=\"_ _b\"/>o a decrease in recognized lease liabilities and righ<span class=\"_ _5\"/>t-of<span class=\"_ _5\"/>-use assets of<span class=\"_ _5\"/> \u20ac5.5 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac7<span class=\"_ _0\"/>.3 million).If <span class=\"_ _5\"/>the leased asset is abandoned,<span class=\"_ _0\"/> the depreciation o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the Right-of<span class=\"_ _5\"/>-use asset needs adjus<span class=\"_ _5\"/>tment as o<span class=\"_ _5\"/>f the da<span class=\"_ _5\"/>te the lessee mak<span class=\"_ _5\"/>es the decision t<span class=\"_ _5\"/>o abandon the asset,<span class=\"_ _0\"/> so that as o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the cease use dat<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> the carrying amount o<span class=\"_ _5\"/>f the Right-o<span class=\"_ _5\"/>f-use asset is <span class=\"_ _5\"/>zero<span class=\"_ _5\"/>.<span class=\"_ _b\"/> Assuming there are no changes in the l<span class=\"_ _5\"/>ease payments,<span class=\"_ _0\"/> the lease liability <span class=\"_ _5\"/>will remain the same.There w<span class=\"_ _5\"/>ere no leases abandoned during the <span class=\"_ _5\"/>year<span class=\"_ _0\"/>.<span class=\"_ _b\"/> Right-of-use asse<span class=\"_ _5\"/>ts with a carrying val<span class=\"_ _5\"/>ue of \u20ac1<span class=\"_ _b\"/>.8 million<span class=\"_ _6\"/> were abandoned in 20<span class=\"_ _5\"/>21 and <span class=\"_ _5\"/>theref<span class=\"_ _5\"/>ore w<span class=\"_ _5\"/>ere full<span class=\"_ _b\"/>y depreciat<span class=\"_ _b\"/>ed.<span class=\"_ _5\"/> The remaining lease liabilities <span class=\"_ _5\"/>for<span class=\"_ _5\"/> the abandoned leases amount<span class=\"_ _5\"/> to \u20ac0.8 mil<span class=\"_ _5\"/>lion (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac1.6 mil<span class=\"_ _5\"/>lion).The Group does no<span class=\"_ _5\"/>t hav<span class=\"_ _5\"/>e leases with <span class=\"_ _5\"/>variable lease pa<span class=\"_ _5\"/>yments and does not<span class=\"_ _5\"/> provide r<span class=\"_ _5\"/>esidual va<span class=\"_ _5\"/>lue guarant<span class=\"_ _5\"/>ees.Maturity<span class=\"_ _5\"/> profileThe undiscount<span class=\"_ _5\"/>ed va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> lease commitments as a<span class=\"_ _b\"/>t 31 December<span class=\"_ _5\"/> 2022 amoun<span class=\"_ _5\"/>ts to \u20ac3<span class=\"_ _5\"/>39.9 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac27<span class=\"_ _5\"/>7<span class=\"_ _b\"/>.3 million) and the ma<span class=\"_ _5\"/>turity is as shown in <span class=\"_ _5\"/>the table bel<span class=\"_ _5\"/>ow<span class=\"_ _b\"/>.Maturity<span class=\"_ _1fe\"> </span><span class=\"ls10d ws12b\">2022<span class=\"_ _83\"> </span><span class=\"ff2 fc6 lscd wse4\">2021</span></span>0 -<span class=\"_ _b\"/> <span class=\"_ _7\"/>1 <span class=\"_ _6\"/>Y<span class=\"_ _b\"/>ear<span class=\"_ _1e7\"> </span><span class=\"lsf7 ws113\">74<span class=\"_ _7\"/>,<span class=\"_ _6\"/>4<span class=\"_ _7\"/>8<span class=\"_ _7\"/>8<span class=\"_ _19a\"> </span><span class=\"ls102 ws11e\">6<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>191</span></span>1 -<span class=\"_ _b\"/> <span class=\"_ _7\"/>2 <span class=\"_ _6\"/>Y<span class=\"_ _b\"/>ear<span class=\"_ _1e7\"> </span><span class=\"lsef ws10b\">6<span class=\"_ _7\"/>0,<span class=\"_ _6\"/>473<span class=\"_ _4f\"> </span><span class=\"lsee ws10a\">51,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>13</span></span>2 -<span class=\"_ _b\"/> <span class=\"_ _7\"/>3 <span class=\"_ _6\"/>Y<span class=\"_ _b\"/>ear<span class=\"_ _264\"> </span><span class=\"lsf0 ws10c\">50<span class=\"_ _6\"/>,<span class=\"_ _6\"/>024<span class=\"_ _19a\"> </span><span class=\"lsf1 ws10d\">39,29<span class=\"_ _5\"/>7</span></span>3 -<span class=\"_ _b\"/> <span class=\"_ _7\"/>4 <span class=\"_ _6\"/>Y<span class=\"_ _b\"/>ear<span class=\"_ _265\"> </span><span class=\"lsf8 ws114\">41,<span class=\"_ _6\"/>151<span class=\"_ _8d\"> </span>2<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,<span class=\"_ _6\"/>415</span>4 -<span class=\"_ _b\"/> <span class=\"_ _7\"/>5 <span class=\"_ _6\"/>Y<span class=\"_ _b\"/>ear<span class=\"_ _264\"> </span><span class=\"lsf2 ws10e\">34<span class=\"_ _6\"/>,27<span class=\"_ _6\"/>9<span class=\"_ _19a\"> </span><span class=\"lsef ws10b\">21,<span class=\"_ _6\"/>557</span></span>&gt; 5 Y<span class=\"_ _b\"/>ear<span class=\"_ _266\"> </span>79,<span class=\"_ _6\"/>478<span class=\"_ _19a\"> </span>72,0To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1e0\"> </span><span class=\"ls144 ws16f\">339,8<span class=\"_ _6\"/>93<span class=\"_ _18a\"> </span><span class=\"ls147 ws163\">2<span class=\"_ _6\"/>7<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>9<span class=\"_ _6\"/>3</span></span>The undiscount<span class=\"_ _5\"/>ed maturity<span class=\"_ _5\"/> of a<span class=\"_ _5\"/>ll sub-leasing contr<span class=\"_ _5\"/>acts at 3<span class=\"_ _b\"/>1 December 202<span class=\"_ _5\"/>2 amounts t<span class=\"_ _5\"/>o \u20ac0.3 million <span class=\"ls3\"> </span>(202<span class=\"_ _b\"/>1: \u20ac0.1 million) and is no<span class=\"_ _5\"/>t ma<span class=\"_ _5\"/>terial <span class=\"_ _5\"/>for<span class=\"_ _5\"/> the Group.Amounts rec<span class=\"_ _5\"/>ognized in the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed balance shee<span class=\"_ _5\"/>tRight-o<span class=\"_ _5\"/>f-use assetsThe f<span class=\"_ _5\"/>ollowing righ<span class=\"_ _5\"/>t-of-use asse<span class=\"_ _5\"/>ts are recogniz<span class=\"_ _5\"/>ed in the balanc<span class=\"_ _5\"/>e sheet:Leased Leased land and furnitures Leased (IT) Leased <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>buildingsand fixturesequipmentvehicles<span class=\"_ _55\"> </span><span class=\"ff1 ls163 ws193\">To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l</span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2020 <span class=\"_ _12d\"> </span> 225,966<span class=\"_ _6\"/> <span class=\"_ _d3\"> </span><span class=\"lsb6 ws16e\"> 6<span class=\"_ _6\"/>87 <span class=\"_ _e5\"> </span></span> 5,269<span class=\"_ _6\"/> <span class=\"_ _d7\"> </span><span class=\"lsf6 ws10f\"> 24<span class=\"_ _6\"/>,028<span class=\"_ _6\"/> <span class=\"_ _b0\"> </span><span class=\"lsf3 ws194\"> 255,950 </span></span>Additions and remeasurements<span class=\"_ _6b\"> </span> 25<span class=\"_ _6\"/>,46<span class=\"_ _6\"/>0 <span class=\"_ _37\"> </span><span class=\"ls3 ws137\"> 48 <span class=\"_ _76\"> </span> 5 <span class=\"_ _b3\"> </span> 9,830 <span class=\"_ _d7\"> </span> 35,34<span class=\"_ _5\"/>3 </span>Depreciation char<span class=\"_ _5\"/>ges<span class=\"_ _267\"> </span> (54,20<span class=\"_ _6\"/>0)<span class=\"_ _d4\"> </span><span class=\"ls10c ws136\"> (<span class=\"_ _6\"/>273)<span class=\"_ _b6\"> </span></span> (1<span class=\"_ _5\"/>,0<span class=\"_ _6\"/>66)<span class=\"_ _4e\"> </span> (1<span class=\"_ _5\"/>1,1<span class=\"_ _5\"/>45)<span class=\"_ _19d\"> </span> (66<span class=\"_ _6\"/>,68<span class=\"_ _6\"/>4)Acquisitions/ div<span class=\"_ _5\"/>estments<span class=\"_ _82\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _c\"> </span>-   </span>Derecognitions<span class=\"_ _268\"> </span><span class=\"ws1\"> (5,152<span class=\"_ _5\"/>)<span class=\"_ _14c\"> </span><span class=\"ls57 ws164\"> (4<span class=\"_ _7\"/>4)<span class=\"_ _46\"> </span><span class=\"ls3 ws137\"> 7 <span class=\"_ _d4\"> </span><span class=\"lsf0 ws15c\"> (<span class=\"_ _6\"/>6<span class=\"_ _6\"/>8<span class=\"_ _6\"/>2)<span class=\"_ _174\"> </span></span></span></span> (5,871<span class=\"_ _5\"/>)</span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _269\"> </span> 12<span class=\"_ _6\"/>,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>31<span class=\"_ _7\"/> <span class=\"_ _48\"> </span><span class=\"lsef ws11c\"> 16 <span class=\"_ _da\"> </span></span> (2,71<span class=\"_ _b\"/>3)<span class=\"_ _55\"> </span><span class=\"ls10f ws129\"> 315<span class=\"_ _6\"/> <span class=\"_ _ac\"> </span><span class=\"lsf0 ws15c\"> 10<span class=\"_ _6\"/>,24<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>Movement<span class=\"_ _5\"/> 2021 <span class=\"_ _24b\"> </span> (2<span class=\"_ _5\"/>1,261<span class=\"_ _5\"/>)<span class=\"_ _e0\"> </span><span class=\"lsfe ws5b\"> (253)<span class=\"_ _b7\"> </span></span> (3<span class=\"_ _6\"/>,767)<span class=\"_ _aa\"> </span> (1,68<span class=\"_ _6\"/>2)<span class=\"_ _ae\"> </span> (2<span class=\"_ _6\"/>6,9<span class=\"_ _6\"/>63)At<span class=\"_ _5\"/> 31 December 202<span class=\"_ _5\"/>1 <span class=\"_ _146\"> </span> 20<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>705<span class=\"_ _6\"/> <span class=\"_ _55\"> </span> 434 <span class=\"_ _e5\"> </span> 1,<span class=\"_ _6\"/>50<span class=\"_ _6\"/>2 <span class=\"_ _d7\"> </span><span class=\"ls127 ws184\"> 22<span class=\"_ _6\"/>,34<span class=\"_ _6\"/>6 <span class=\"_ _b0\"> </span> 228<span class=\"_ _6\"/>,9<span class=\"_ _6\"/>87 </span>Additions and remeasurements<span class=\"_ _143\"> </span> 4<span class=\"_ _7\"/>0<span class=\"_ _7\"/>,<span class=\"_ _6\"/>11<span class=\"_ _6\"/>8<span class=\"_ _7\"/> <span class=\"_ _db\"> </span> (69)<span class=\"_ _37\"> </span> 52 <span class=\"_ _b2\"> </span><span class=\"lsed ws163\"> 7,<span class=\"_ _7\"/>9<span class=\"_ _7\"/>4<span class=\"_ _6\"/>7<span class=\"_ _7\"/> <span class=\"_ _d0\"> </span><span class=\"ls152 ws17e\"> 48,048 </span></span>Depreciation char<span class=\"_ _5\"/>ges<span class=\"_ _26a\"> </span> (55,230)<span class=\"_ _d4\"> </span><span class=\"ls10f ws129\"> (<span class=\"_ _6\"/>159<span class=\"_ _6\"/>)<span class=\"_ _174\"> </span></span> (1,1<span class=\"_ _5\"/>4<span class=\"_ _6\"/>4)<span class=\"_ _9e\"> </span> (10,801)<span class=\"_ _cd\"> </span> (67<span class=\"_ _b\"/>,334)Acquisitions/ div<span class=\"_ _5\"/>estments<span class=\"_ _26b\"> </span>66<span class=\"_ _6\"/>,84<span class=\"_ _6\"/>8<span class=\"_ _18a\"> </span> 80 <span class=\"_ _c3\"> </span>1,<span class=\"_ _6\"/>016<span class=\"_ _d3\"> </span><span class=\"ls10f ws129\"> (<span class=\"_ _6\"/>15<span class=\"_ _6\"/>6<span class=\"_ _6\"/>)<span class=\"_ _ac\"> </span><span class=\"lsed ws163\"> 6<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>7<span class=\"_ _6\"/>8<span class=\"_ _7\"/>8<span class=\"_ _7\"/> </span></span>Derecognitions<span class=\"_ _26c\"> </span> (277)<span class=\"_ _14c\"> </span> (36)<span class=\"_ _170\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _48\"> </span><span class=\"ls57 ws164\"> (8<span class=\"_ _6\"/>4)<span class=\"_ _e0\"> </span></span><span class=\"ls101\"> (3<span class=\"_ _6\"/>97)</span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _150\"> </span> (1<span class=\"_ _5\"/>,720)<span class=\"_ _d5\"> </span> 22 <span class=\"_ _37\"> </span> 48 <span class=\"_ _de\"> </span><span class=\"lsf5 ws111\">171<span class=\"_ _a9\"> </span><span class=\"lsef ws11c\"> (1,47<span class=\"_ _6\"/>9)</span></span>Movement<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _25\"> </span> 49,739<span class=\"_ _6\"/> <span class=\"_ _d4\"> </span><span class=\"lsec ws112\"> (16<span class=\"_ _6\"/>2)<span class=\"_ _14c\"> </span></span> (2<span class=\"_ _6\"/>8)<span class=\"_ _aa\"> </span> (2<span class=\"_ _6\"/>,923)<span class=\"_ _d0\"> </span> 46,626<span class=\"_ _6\"/> At<span class=\"_ _5\"/> 31 December 2022 <span class=\"_ _135\"> </span> 25<span class=\"_ _5\"/>4,444<span class=\"_ _5\"/> <span class=\"_ _55\"> </span> 27<span class=\"_ _6\"/>2 <span class=\"_ _b2\"> </span> 1,<span class=\"_ _7\"/>474<span class=\"_ _7\"/> <span class=\"_ _63\"> </span><span class=\"ls9d ws1\"> 19,423 <span class=\"_ _19d\"> </span><span class=\"ls118 ws10e\"> 275<span class=\"_ _6\"/>,<span class=\"_ _6\"/>613<span class=\"_ _6\"/> </span></span>Right-o<span class=\"_ _5\"/>f-use assets increased mainl<span class=\"_ _b\"/>y due t<span class=\"_ _5\"/>o acquisitions o<span class=\"_ _5\"/>f IBI and DPS (see not<span class=\"_ _5\"/>e 6) and new l<span class=\"_ _5\"/>ease contra<span class=\"_ _5\"/>cts<span class=\"_ _6\"/> partiall<span class=\"_ _5\"/>y offset<span class=\"_ _5\"/> by depr<span class=\"_ _5\"/>eciation during the <span class=\"_ _5\"/>year<span class=\"_ _0\"/>.<span class=\"_ _5\"/> Lease liabilities and res<span class=\"_ _5\"/>tora<span class=\"_ _5\"/>tion provisionsThe f<span class=\"_ _5\"/>ollowing l<span class=\"_ _5\"/>ease liabilities and rest<span class=\"_ _5\"/>oration pr<span class=\"_ _5\"/>ovisions (see also no<span class=\"_ _5\"/>te 29<span class=\"_ _5\"/>) are recognized in <span class=\"_ _5\"/>the balance shee<span class=\"_ _5\"/>t:<span class=\"_ _6\"/><span class=\"ls3\"> </span>In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">20<span class=\"_ _6\"/>22<span class=\"_ _109\"> </span></span>20Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _17f\"> </span><span class=\"ls102 ws11a\"> 255<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>15<span class=\"_ _6\"/> <span class=\"_ _d6\"> </span><span class=\"lsfe ws5b\"> 278<span class=\"_ _6\"/>,3<span class=\"_ _6\"/>57 </span></span>Additions and remeasurements<span class=\"_ _22d\"> </span><span class=\"wsac\">4<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,38<span class=\"_ _6\"/>0<span class=\"_ _46\"> </span><span class=\"lsf6 ws10f\"> 29,00<span class=\"_ _6\"/>9 </span></span>Payments<span class=\"_ _1db\"> </span><span class=\"ws1\"> (70,61<span class=\"_ _5\"/>0)<span class=\"_ _49\"> </span> (68,85<span class=\"_ _6\"/>0)</span>Acquisitions/ disposa<span class=\"_ _5\"/>ls<span class=\"_ _1a2\"> </span><span class=\"ls102 ws11e\">6<span class=\"_ _6\"/>9<span class=\"_ _6\"/>,<span class=\"_ _6\"/>191<span class=\"_ _6\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> </span></span>Interest<span class=\"_ _1e3\"> </span><span class=\"lsed ws163\"> 7,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>6<span class=\"_ _7\"/>3<span class=\"_ _7\"/> <span class=\"_ _8d\"> </span><span class=\"ls12d ws116\"> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>618<span class=\"_ _6\"/> </span></span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _211\"> </span> (1,477)<span class=\"_ _170\"> </span><span class=\"ls110 ws15f\"> 9,8<span class=\"_ _6\"/>81<span class=\"_ _6\"/> </span>Balance a<span class=\"_ _5\"/>t 31 December <span class=\"_ _26d\"> </span><span class=\"ls147 ws163\">3<span class=\"_ _7\"/>0<span class=\"_ _6\"/>7,<span class=\"_ _6\"/>7<span class=\"_ _6\"/>6<span class=\"_ _7\"/>2<span class=\"_ _18a\"> </span><span class=\"ls102 ws11e\">2<span class=\"_ _6\"/>5<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>15</span></span>Current<span class=\"_ _fd\"> </span><span class=\"ls10f ws129\"> 71,<span class=\"_ _6\"/>815<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span><span class=\"lsf6 ws10f\"> 62,5<span class=\"_ _6\"/>0<span class=\"_ _6\"/>6 </span></span>Non-current<span class=\"_ _74\"> </span><span class=\"lsef ws11c\"> 2<span class=\"_ _6\"/>35<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>47<span class=\"_ _6\"/> <span class=\"_ _d6\"> </span><span class=\"ls102 ws11a\"> 19<span class=\"_ _6\"/>2,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1e3\"> </span><span class=\"ls147 ws172\"> 3<span class=\"_ _7\"/>0<span class=\"_ _6\"/>7,<span class=\"_ _6\"/>7<span class=\"_ _6\"/>6<span class=\"_ _7\"/>2<span class=\"_ _7\"/> <span class=\"_ _d6\"> </span><span class=\"ls102 ws11a\"> 2<span class=\"_ _6\"/>5<span class=\"_ _6\"/>5,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>15<span class=\"_ _6\"/> </span></span>Lease liabilities increased mainl<span class=\"_ _b\"/>y due t<span class=\"_ _5\"/>o acquisitions o<span class=\"_ _5\"/>f IBI and DPS (see not<span class=\"_ _5\"/>e 6) and new l<span class=\"_ _5\"/>ease contra<span class=\"_ _5\"/>cts<span class=\"_ _6\"/> partiall<span class=\"_ _5\"/>y offset<span class=\"_ _5\"/> by pa<span class=\"_ _5\"/>yments during the <span class=\"_ _5\"/>year<span class=\"_ _0\"/>.Amounts rec<span class=\"_ _5\"/>ognized in the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed income sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>tIn \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Depreciation<span class=\"_ _1dd\"> </span><span class=\"ls3 ws137\"> 67<span class=\"_ _0\"/>,334 <span class=\"_ _29\"> </span><span class=\"ls9d ws1\"> 66,6<span class=\"_ _6\"/>84<span class=\"_ _6\"/> </span></span>Inter<span class=\"_ _5\"/>est expense (incl<span class=\"_ _5\"/>uded in Net finance expense)<span class=\"_ _26e\"> </span><span class=\"lsed ws163\"> 7,<span class=\"_ _7\"/>2<span class=\"_ _6\"/>6<span class=\"_ _7\"/>3<span class=\"_ _7\"/> <span class=\"_ _8d\"> </span><span class=\"ls12d ws116\"> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>618<span class=\"_ _6\"/> </span></span>Other opera<span class=\"_ _5\"/>tional costs <span class=\"_ _5\"/>for short-t<span class=\"_ _5\"/>erm leases<span class=\"_ _26f\"> </span><span class=\"lsf9 ws115\">4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>8<span class=\"_ _3b\"> </span><span class=\"lsef ws10b\">1,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>0<span class=\"_ _6\"/>1<span class=\"_ _6\"/> </span></span>Other opera<span class=\"_ _5\"/>tional costs <span class=\"_ _5\"/>for lo<span class=\"_ _5\"/>w-<span class=\"_ _5\"/>value l<span class=\"_ _5\"/>eases<span class=\"_ _21d\"> </span><span class=\"ls3\">301 <span class=\"_ _159\"> </span><span class=\"lsb8 ws18f\"> 65 </span></span>Other opera<span class=\"_ _5\"/>tional costs <span class=\"_ _5\"/>for loss on der<span class=\"_ _5\"/>ecognition lease<span class=\"_ _1fd\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _160\"> </span><span class=\"lsfa ws43\"> 42<span class=\"_ _6\"/> </span></span>Other income <span class=\"_ _5\"/>for gain on derec<span class=\"_ _5\"/>ognition lease<span class=\"_ _1a1\"> </span><span class=\"ls111 ws20\"> (<span class=\"_ _6\"/>3<span class=\"_ _7\"/>01)<span class=\"_ _223\"> </span></span> (1,852)Other income <span class=\"_ _5\"/>from sub-leasing<span class=\"_ _11a\"> </span><span class=\"lsee ws11e\"> (13<span class=\"_ _6\"/>9<span class=\"_ _6\"/>)<span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - </span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _270\"> </span><span class=\"ls144 ws16f\">78,<span class=\"_ _6\"/>58<span class=\"_ _6\"/>6<span class=\"_ _170\"> </span><span class=\"ls9d wsac\">73<span class=\"_ _6\"/>,158</span></span>In limited cases <span class=\"_ _5\"/>the Group acts as a lessor b<span class=\"_ _5\"/>y sub-leasing (part of) a building.<span class=\"_ _5\"/> Such lease income<span class=\"_ _5\"/>,<span class=\"_ _b\"/> amounting to 0.1 mil<span class=\"_ _5\"/>lion in 2022 (202<span class=\"_ _b\"/>1: nil),<span class=\"_ _0\"/> is recognized in Other inc<span class=\"_ _5\"/>ome,<span class=\"_ _b\"/> see not<span class=\"_ _5\"/>e 8. Gains or losses on <span class=\"_ _5\"/>the derecognition o<span class=\"_ _5\"/>f leases amoun<span class=\"_ _5\"/>ted t<span class=\"_ _5\"/>o \u20ac0.3 million gain (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _b\"/>.8 million gain).<span class=\"_ _b\"/> No<span class=\"_ _6\"/> impairments ha<span class=\"_ _5\"/>ve been recogniz<span class=\"_ _5\"/>ed.<span class=\"_ _5\"/> 17 <span class=\"_ _2\"> </span>Inves<span class=\"_ _5\"/>tments ac<span class=\"_ _5\"/>count<span class=\"_ _b\"/>ed for<span class=\"_ _5\"/> using the equity<span class=\"_ _5\"/> methodJoint arr<span class=\"_ _5\"/>angementsInvestmen<span class=\"_ _5\"/>ts in joint arrangemen<span class=\"_ _5\"/>ts are classified as either joint <span class=\"_ _5\"/>ventures or<span class=\"_ _5\"/> joint opera<span class=\"_ _5\"/>tions.<span class=\"_ _5\"/> The classification depends on the con<span class=\"_ _5\"/>tractual rights and obliga<span class=\"_ _5\"/>tions,<span class=\"_ _5\"/> rather<span class=\"_ _5\"/> than the lega<span class=\"_ _5\"/>l structure of <span class=\"_ _5\"/>the joint arrangemen<span class=\"_ _5\"/>t.Joint <span class=\"_ _5\"/>ventures are join<span class=\"_ _5\"/>t arrangements in <span class=\"_ _5\"/>which the Group has joint<span class=\"_ _5\"/> control,<span class=\"_ _b\"/> whereby <span class=\"_ _5\"/>the Group has rights t<span class=\"_ _5\"/>o the net<span class=\"_ _5\"/> assets of<span class=\"_ _5\"/> the arrangement,<span class=\"_ _0\"/> rather than righ<span class=\"_ _5\"/>ts to its asse<span class=\"_ _5\"/>ts and obligations f<span class=\"_ _5\"/>or its liabilities.<span class=\"_ _b\"/> Joint <span class=\"_ _5\"/>ventures are a<span class=\"_ _5\"/>ccount<span class=\"_ _5\"/>ed for<span class=\"_ _5\"/> using the equity method,<span class=\"_ _b\"/> where int<span class=\"_ _5\"/>erests in joint<span class=\"_ _5\"/> ventur<span class=\"_ _5\"/>es are initiall<span class=\"_ _5\"/>y rec<span class=\"_ _5\"/>ognized at c<span class=\"_ _5\"/>ost,<span class=\"_ _b\"/> including transaction cost.<span class=\"_ _b\"/> Subsequentl<span class=\"_ _5\"/>y the Group<span class=\"_ _b\"/>\u2019s share of<span class=\"_ _5\"/> the profit or<span class=\"_ _5\"/> loss and movemen<span class=\"_ _5\"/>ts in other compr<span class=\"_ _5\"/>ehensive income are incl<span class=\"_ _5\"/>uded in the Consolida<span class=\"_ _5\"/>ted financial sta<span class=\"_ _5\"/>tements,<span class=\"_ _0\"/> whereby <span class=\"_ _5\"/>the calculation is based on <span class=\"_ _5\"/>the Group\u2019<span class=\"_ _5\"/>s accoun<span class=\"_ _5\"/>ting policies.<span class=\"_ _5\"/> When the Group<span class=\"_ _5\"/>\u2019s share o<span class=\"_ _5\"/>f losses in a joint <span class=\"_ _5\"/>venture equa<span class=\"_ _5\"/>ls or ex<span class=\"_ _5\"/>ceeds its inter<span class=\"_ _5\"/>est in a joint<span class=\"_ _5\"/> venture<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the Group does no<span class=\"_ _5\"/>t recogniz<span class=\"_ _5\"/>e further losses.Joint oper<span class=\"_ _5\"/>ations are joint<span class=\"_ _5\"/> arrangements wher<span class=\"_ _5\"/>eby the parties tha<span class=\"_ _5\"/>t hav<span class=\"_ _5\"/>e joint contr<span class=\"_ _5\"/>ol of <span class=\"_ _5\"/>the arrangement ha<span class=\"_ _5\"/>ve rights t<span class=\"_ _5\"/>o the assets,<span class=\"_ _b\"/> and obligations f<span class=\"_ _5\"/>or the liabilities,<span class=\"_ _b\"/> relating t<span class=\"_ _5\"/>o the arrangemen<span class=\"_ _5\"/>t.<span class=\"_ _5\"/> Joint<span class=\"_ _5\"/> operations ar<span class=\"_ _5\"/>e account<span class=\"_ _5\"/>ed f<span class=\"_ _5\"/>or the Group<span class=\"_ _5\"/>\u2019s direct rights <span class=\"_ _5\"/>to the asse<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> liabilities,<span class=\"_ _5\"/> revenues and e<span class=\"_ _5\"/>xpenses of <span class=\"_ _5\"/>the joint opera<span class=\"_ _5\"/>tions and its share of<span class=\"_ _5\"/> any jointl<span class=\"_ _5\"/>y held or<span class=\"_ _5\"/> incurred assets,<span class=\"_ _b\"/> liabilities,<span class=\"_ _5\"/> revenues and e<span class=\"_ _5\"/>xpenses.<span class=\"_ _5\"/> These are combined on a line-by<span class=\"_ _b\"/>-line basis with corresponding items in the Group\u2019<span class=\"_ _5\"/>s financial statemen<span class=\"_ _5\"/>ts.AssociatesAssociates ar<span class=\"_ _5\"/>e those entities in which <span class=\"_ _5\"/>the Group has significant influenc<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> but no control ov<span class=\"_ _5\"/>er financial and opera<span class=\"_ _5\"/>ting policies.<span class=\"_ _b\"/> Signif<span class=\"_ _6\"/>icant influenc<span class=\"_ _5\"/>e is presumed t<span class=\"_ _5\"/>o exist <span class=\"_ _5\"/>when the Group holds more <span class=\"_ _5\"/>than 20% of <span class=\"_ _5\"/>the vo<span class=\"_ _5\"/>ting power o<span class=\"_ _5\"/>f the entity<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Associates ar<span class=\"_ _5\"/>e account<span class=\"_ _5\"/>ed f<span class=\"_ _5\"/>or using the equity me<span class=\"_ _5\"/>thod from the da<span class=\"_ _5\"/>te tha<span class=\"_ _5\"/>t significant in<span class=\"_ _5\"/>fluence commences un<span class=\"_ _5\"/>til the dat<span class=\"_ _5\"/>e that<span class=\"_ _5\"/> significant influence c<span class=\"_ _5\"/>eases.<span class=\"_ _5\"/> Initiall<span class=\"_ _5\"/>y<span class=\"_ _5\"/>,<span class=\"_ _b\"/> investments in associat<span class=\"_ _5\"/>es are rec<span class=\"_ _5\"/>ognized at c<span class=\"_ _5\"/>ost,<span class=\"_ _b\"/> including transaction cost.<span class=\"_ _0\"/> Goodwill identified on the acquisition o<span class=\"_ _5\"/>f the associa<span class=\"_ _5\"/>te is included in the carrying amount<span class=\"_ _5\"/> of the investmen<span class=\"_ _5\"/>t.The Consolida<span class=\"_ _5\"/>ted financial sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>ts include the Group<span class=\"_ _5\"/>\u2019s share o<span class=\"_ _5\"/>f the net<span class=\"_ _5\"/> profit or<span class=\"_ _5\"/> loss and other<span class=\"_ _5\"/> comprehensive income of<span class=\"_ _5\"/> the associat<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> after adjustmen<span class=\"_ _5\"/>ts to a<span class=\"_ _5\"/>lign the accoun<span class=\"_ _5\"/>ting policies with those o<span class=\"_ _5\"/>f the Group<span class=\"_ _5\"/>.<span class=\"_ _5\"/> The application o<span class=\"_ _5\"/>f the equity method is applied <span class=\"_ _5\"/>to loans <span class=\"_ _5\"/>that f<span class=\"_ _5\"/>orm part of a Ne<span class=\"_ _5\"/>t inves<span class=\"_ _5\"/>tment.<span class=\"_ _5\"/> Loans t<span class=\"_ _5\"/>o associat<span class=\"_ _5\"/>es are carried at<span class=\"_ _5\"/> amor<span class=\"_ _6\"/>tized cost<span class=\"_ _5\"/> less any expect<span class=\"_ _5\"/>ed credit losses.<span class=\"_ _b\"/> The Group applies <span class=\"_ _5\"/>the Expected Credit L<span class=\"_ _5\"/>oss model to loans <span class=\"_ _5\"/>that <span class=\"_ _5\"/>form part of<span class=\"_ _5\"/> the Net in<span class=\"_ _5\"/>vestment,<span class=\"_ _b\"/> before r<span class=\"_ _5\"/>ecognizing its share of<span class=\"_ _5\"/> losses from applica<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the equity method on <span class=\"_ _5\"/>these loans.Inves<span class=\"_ _5\"/>tments in associa<span class=\"_ _5\"/>tes and joint<span class=\"_ _5\"/> ven<span class=\"_ _5\"/>turesThe natur<span class=\"_ _5\"/>e of business o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the Group\u2019<span class=\"_ _5\"/>s associat<span class=\"_ _5\"/>es and joint <span class=\"_ _5\"/>ventures ar<span class=\"_ _5\"/>e similar<span class=\"_ _0\"/>.<span class=\"_ _5\"/> They pr<span class=\"_ _5\"/>ovide comprehensiv<span class=\"_ _5\"/>e knowledge-based consul<span class=\"_ _b\"/>tanc<span class=\"_ _6\"/>y<span class=\"_ _b\"/>,<span class=\"_ _5\"/> design,<span class=\"_ _b\"/> engineering and management services in the area o<span class=\"_ _b\"/>f infrastructure<span class=\"_ _5\"/>,<span class=\"_ _5\"/> wa<span class=\"_ _5\"/>ter<span class=\"_ _0\"/>,<span class=\"_ _b\"/> environment and buil<span class=\"_ _5\"/>dings.<span class=\"_ _b\"/> The most significant in<span class=\"_ _5\"/>vestments in associa<span class=\"_ _b\"/>tes and joint <span class=\"_ _5\"/>ventures ar<span class=\"_ _5\"/>e listed below.Place o<span class=\"_ _5\"/>f business/ country o<span class=\"_ _5\"/>f Associate<span class=\"_ _5\"/>/ joint % of<span class=\"_ _5\"/> ownership % of<span class=\"_ _5\"/> ownership Name of<span class=\"_ _5\"/> entityincorpora<span class=\"_ _5\"/>tionventureinterest 202<span class=\"_ _6\"/>2interest 2021Geodynamique et S<span class=\"_ _5\"/>tructure S.<span class=\"_ _6\"/>A<span class=\"_ _6\"/>.<span class=\"_ _c5\"> </span><span class=\"ls10d ws12b\">France<span class=\"_ _51\"> </span></span><span class=\"wsac\">A<span class=\"_ _6\"/>ssociate<span class=\"_ _4c\"> </span>4<span class=\"_ _6\"/>8.6<span class=\"_ _6\"/>8%<span class=\"_ _3b\"> </span>4<span class=\"_ _6\"/>8.6<span class=\"_ _6\"/>8%</span>Asset Rail B.<span class=\"_ _b\"/>V<span class=\"_ _b\"/>.<span class=\"_ _fa\"> </span><span class=\"wsac\">Netherlands<span class=\"_ _57\"> </span>Associate<span class=\"_ _4c\"> </span>4<span class=\"_ _6\"/>0.0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>%<span class=\"_ _3b\"> </span>40.0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>%</span>CARE/RTKL L<span class=\"_ _b\"/>td<span class=\"_ _22f\"> </span>Saudi Arabia<span class=\"_ _d4\"> </span>Joint venture<span class=\"_ _4c\"> </span><span class=\"ls47 ws43\">45<span class=\"_ _6\"/>.0<span class=\"_ _6\"/>0%<span class=\"_ _4c\"> </span>45.0<span class=\"_ _6\"/>0%</span>Stroomda<span class=\"_ _5\"/>l I<span class=\"_ _146\"> </span>Netherlands<span class=\"_ _d4\"> </span>Joint v<span class=\"_ _5\"/>enture<span class=\"_ _161\"> </span><span class=\"wsac\">50.0<span class=\"_ _6\"/>0%<span class=\"_ _3b\"> </span>50<span class=\"_ _6\"/>.0<span class=\"_ _6\"/>0%</span>TECHT L<span class=\"_ _b\"/>td<span class=\"_ _15a\"> </span>United Kingdom<span class=\"_ _d4\"> </span>Joint v<span class=\"_ _5\"/>enture<span class=\"_ _161\"> </span><span class=\"wsac\">50.0<span class=\"_ _6\"/>0%<span class=\"_ _3b\"> </span>50<span class=\"_ _6\"/>.0<span class=\"_ _6\"/>0%</span>The movemen<span class=\"_ _5\"/>t in associat<span class=\"_ _5\"/>es and joint <span class=\"_ _5\"/>ventur<span class=\"_ _5\"/>es in the Consolida<span class=\"_ _5\"/>ted balanc<span class=\"_ _5\"/>e sheet is as <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>ows:Associates Associates Joint v<span class=\"_ _5\"/>entures Joint v<span class=\"_ _5\"/>entures To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _7\"> </span> <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _7\"> </span> <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>In \u20ac thousands202220<span class=\"_ _6\"/>21202220<span class=\"_ _6\"/>21202220<span class=\"_ _6\"/>21Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _271\"> </span>1<span class=\"_ _5\"/>7<span class=\"_ _5\"/>,594<span class=\"_ _e3\"> </span> 6,26<span class=\"_ _6\"/>2 <span class=\"_ _d5\"> </span>1,<span class=\"_ _6\"/>25<span class=\"_ _6\"/>0<span class=\"_ _d5\"> </span> 1,<span class=\"_ _6\"/>63<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _13a\"> </span><span class=\"lsfa ws116\">18,8<span class=\"_ _7\"/>44<span class=\"_ _9e\"> </span><span class=\"ls147 ws172\"> 7,<span class=\"_ _6\"/>9<span class=\"_ _4\"> </span>0<span class=\"_ _7\"/>0<span class=\"_ _7\"/> </span></span>Share in resul<span class=\"_ _5\"/>t by<span class=\"_ _5\"/> Arcadis<span class=\"_ _272\"> </span><span class=\"ls10f ws129\"> 2,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _b7\"> </span></span> 1<span class=\"_ _5\"/>1,770 <span class=\"_ _29\"> </span> (568)<span class=\"_ _29\"> </span> (53<span class=\"_ _6\"/>4)<span class=\"_ _ba\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>58<span class=\"_ _7\"/>9 <span class=\"_ _cf\"> </span><span class=\"ls10e ws111\"> 11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>3<span class=\"_ _6\"/>5<span class=\"_ _7\"/> </span></span>Investmen<span class=\"_ _5\"/>ts<span class=\"_ _273\"> </span> - <span class=\"_ _19a\"> </span> 3 <span class=\"_ _de\"> </span><span class=\"lsef ws11c\"> 1,69<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _51\"> </span><span class=\"ls10e ws111\"> 112<span class=\"_ _7\"/> <span class=\"_ _ae\"> </span></span> 1,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>95<span class=\"_ _6\"/> <span class=\"_ _50\"> </span><span class=\"ls10e ws111\"> 11<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span></span>Divestments<span class=\"_ _1b0\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _66\"> </span><span class=\"ls3 ws1\">-<span class=\"_ _37\"> </span></span> - <span class=\"_ _49\"> </span> - </span>Receiv<span class=\"_ _5\"/>ed dividends<span class=\"_ _1f\"> </span> (10,268)<span class=\"_ _c3\"> </span> (4<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0)<span class=\"_ _29\"> </span> (26<span class=\"_ _6\"/>3)<span class=\"_ _19a\"> </span><span class=\"lsf8 wse9\"> (<span class=\"_ _6\"/>41)<span class=\"_ _6e\"> </span></span> (10,531<span class=\"_ _5\"/>)<span class=\"_ _d8\"> </span><span class=\"lsf8 wse9\"> (<span class=\"_ _6\"/>4<span class=\"_ _6\"/>41<span class=\"_ _6\"/>)</span>Expected Credit<span class=\"_ _5\"/> loss<span class=\"_ _274\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _159\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _d5\"> </span> - <span class=\"_ _49\"> </span> - </span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _275\"> </span> 21 <span class=\"_ _de\"> </span> (<span class=\"_ _6\"/>41)<span class=\"_ _3a\"> </span> 15<span class=\"_ _6\"/> <span class=\"_ _3a\"> </span> 75<span class=\"_ _6\"/> <span class=\"_ _c3\"> </span><span class=\"ls138 ws131\"> 36 <span class=\"_ _a8\"> </span><span class=\"ls2 ws14a\"> 35 </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _c6\"> </span> 9,504<span class=\"_ _6\"/> <span class=\"_ _aa\"> </span> 17<span class=\"_ _0\"/>,59<span class=\"_ _6\"/>4 <span class=\"_ _de\"> </span> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _de\"> </span> 1,250<span class=\"_ _6\"/> <span class=\"_ _62\"> </span><span class=\"lsfd ws114\"> 11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>6<span class=\"_ _7\"/>33<span class=\"_ _7\"/> <span class=\"_ _cb\"> </span><span class=\"lsfa ws43\"> 18<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>4<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span></span>There are no l<span class=\"_ _5\"/>oans to associa<span class=\"_ _5\"/>tes or<span class=\"_ _5\"/> joint <span class=\"_ _5\"/>ventures outs<span class=\"_ _5\"/>tanding as at 3<span class=\"_ _b\"/>1 December 2022 (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: nil).<span class=\"_ _5\"/> The joint <span class=\"_ _5\"/>ventures ha<span class=\"_ _b\"/>ve share capital consis<span class=\"_ _5\"/>ting solely<span class=\"_ _5\"/> of<span class=\"_ _5\"/> ordinary shares,<span class=\"_ _b\"/> which are held indir<span class=\"_ _5\"/>ectly b<span class=\"_ _5\"/>y the Group,<span class=\"_ _0\"/> and are non-listed shar<span class=\"_ _5\"/>es.<span class=\"_ _b\"/> As such there is no av<span class=\"_ _5\"/>ailable quot<span class=\"_ _5\"/>ed marke<span class=\"_ _5\"/>t price f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>the shares.<span class=\"_ _b\"/> The Group has no contingen<span class=\"_ _5\"/>t liabilities rela<span class=\"_ _5\"/>ting to in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>ts in joint <span class=\"_ _5\"/>ventures a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 2<span class=\"_ _5\"/>022 (202<span class=\"_ _b\"/>1: nil).The \u20ac1<span class=\"_ _b\"/>1.8 mil<span class=\"_ _5\"/>lion resul<span class=\"_ _5\"/>t from associa<span class=\"_ _b\"/>tes in 202<span class=\"_ _5\"/>1 was impa<span class=\"_ _5\"/>cted by a <span class=\"_ _5\"/>fa<span class=\"_ _5\"/>vorable out<span class=\"_ _5\"/>come o<span class=\"_ _5\"/>f a commercia<span class=\"_ _5\"/>l arbitra<span class=\"_ _5\"/>tion which resul<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to \u20ac1<span class=\"_ _5\"/>0.3 million dividend receiv<span class=\"_ _5\"/>ed in 2022.<span class=\"_ _b\"/> 18 <span class=\"_ _2\"> </span>Other inv<span class=\"_ _5\"/>estmentsOther inv<span class=\"_ _5\"/>estments rela<span class=\"_ _5\"/>te t<span class=\"_ _5\"/>o inter<span class=\"_ _5\"/>ests in companies over<span class=\"_ _5\"/> which the Group has no significant<span class=\"_ _5\"/> influence nor c<span class=\"_ _5\"/>ontrol.<span class=\"_ _5\"/> Other investmen<span class=\"_ _5\"/>ts are acc<span class=\"_ _5\"/>ounted f<span class=\"_ _5\"/>or a<span class=\"_ _5\"/>t fair<span class=\"_ _5\"/> value <span class=\"_ _5\"/>through pro<span class=\"_ _5\"/>fit or loss.In \u20ac thousands<span class=\"_ _1c8\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">20<span class=\"_ _6\"/>22<span class=\"_ _109\"> </span></span><span class=\"fs7b lscd wse4\">20<span class=\"_ _6\"/>21</span>Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _204\"> </span><span class=\"ls102 ws11a\"> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>152<span class=\"_ _6\"/> <span class=\"_ _c4\"> </span><span class=\"ls152 ws17e\"> 2,048 </span></span>Investmen<span class=\"_ _5\"/>ts<span class=\"_ _276\"> </span><span class=\"lsef ws11c\"> 1,2<span class=\"_ _6\"/>27<span class=\"_ _6\"/> <span class=\"_ _83\"> </span><span class=\"ls119 ws17c\"> 287 </span></span>Acquisitions thr<span class=\"_ _5\"/>ough business combination<span class=\"_ _277\"> </span><span class=\"lsef ws10b\">1,6<span class=\"_ _6\"/>0<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - </span></span>Divestments<span class=\"_ _f6\"> </span><span class=\"ls171 ws1a7\"> (<span class=\"_ _6\"/>1<span class=\"_ _7\"/>,13<span class=\"_ _6\"/>7<span class=\"_ _7\"/>)<span class=\"_ _188\"> </span><span class=\"ls14a ws137\"> - </span></span>Fair<span class=\"_ _5\"/> value changes<span class=\"_ _278\"> </span><span class=\"ws1\"> (180)<span class=\"_ _58\"> </span><span class=\"ls57 ws164\"> (6<span class=\"_ _7\"/>4)</span></span>Others<span class=\"_ _77\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _1bb\"> </span> - </span>Dividends paid<span class=\"_ _1e7\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _101\"> </span><span class=\"ls102 ws11a\"> (19<span class=\"_ _6\"/>4<span class=\"_ _6\"/>)</span></span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _17b\"> </span> (56)<span class=\"_ _159\"> </span><span class=\"lsf2 ws148\"> 75<span class=\"_ _6\"/> </span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _279\"> </span><span class=\"ls81 ws1a8\"> 3,<span class=\"_ _5\"/>609 <span class=\"_ _19a\"> </span><span class=\"ls102 ws11a\"> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>152<span class=\"_ _7\"/> </span></span>The other<span class=\"_ _5\"/> investmen<span class=\"_ _5\"/>ts at 3<span class=\"_ _b\"/>1 December 202<span class=\"_ _5\"/>2 mainly<span class=\"_ _5\"/> corresponds t<span class=\"_ _5\"/>o: \u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">V<span class=\"_ _b\"/>alue of<span class=\"_ _5\"/> the inv<span class=\"_ _5\"/>estment in <span class=\"_ _5\"/>the T<span class=\"_ _0\"/>echstars cohorts for<span class=\"_ _5\"/> \u20ac1.8 million (2<span class=\"_ _5\"/>021<span class=\"_ _b\"/>: \u20ac1.6 mil<span class=\"_ _5\"/>lion).</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">V<span class=\"_ _b\"/>alue of<span class=\"_ _5\"/> inves<span class=\"_ _5\"/>tment in Swit<span class=\"_ _5\"/>ch Energy <span class=\"_ _5\"/>for<span class=\"_ _5\"/> \u20ac1.1 mil<span class=\"_ _5\"/>lion,<span class=\"_ _5\"/> acquir<span class=\"_ _5\"/>ed through IBI Group business </span>combina<span class=\"_ _5\"/>tion. A lev<span class=\"_ _5\"/>el 3 valuation w<span class=\"_ _5\"/>as used to determine the f<span class=\"_ _5\"/>air val<span class=\"_ _5\"/>ue.<span class=\"_ _b\"/> Due to the inherent uncertainty of<span class=\"_ _5\"/> valua<span class=\"_ _b\"/>tion <span class=\"_ _6\"/>of priva<span class=\"_ _5\"/>tel<span class=\"_ _5\"/>y held c<span class=\"_ _5\"/>ompanies,<span class=\"_ _b\"/> the fair <span class=\"_ _5\"/>val<span class=\"_ _5\"/>ue may ho<span class=\"_ _5\"/>wever<span class=\"_ _5\"/> differ <span class=\"_ _5\"/>from wha<span class=\"_ _5\"/>t w<span class=\"_ _5\"/>ould hav<span class=\"_ _5\"/>e been used had a readil<span class=\"_ _b\"/>y av<span class=\"_ _5\"/>ailable marke<span class=\"_ _5\"/>t exist<span class=\"_ _5\"/>ed f<span class=\"_ _5\"/>or al<span class=\"_ _5\"/>l companies.19 Deriva<span class=\"_ _5\"/>tivesGeneralThe Group uses deriva<span class=\"_ _5\"/>tives in order <span class=\"_ _5\"/>to hedge the e<span class=\"_ _5\"/>xposure to <span class=\"_ _5\"/>foreign e<span class=\"_ _5\"/>xchange risks and int<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>ate risks arising <span class=\"_ _5\"/>from operationa<span class=\"_ _5\"/>l,<span class=\"_ _5\"/> financing and investment<span class=\"_ _5\"/> activities.<span class=\"_ _5\"/> Derivativ<span class=\"_ _5\"/>es to be used <span class=\"_ _5\"/>for hedging purposes can incl<span class=\"_ _5\"/>ude forward foreign e<span class=\"_ _5\"/>xchange ra<span class=\"_ _5\"/>te con<span class=\"_ _5\"/>tracts,<span class=\"_ _5\"/> f<span class=\"_ _5\"/>oreign exchange s<span class=\"_ _5\"/>waps and inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te sw<span class=\"_ _5\"/>aps and a combination o<span class=\"_ _5\"/>f those,<span class=\"_ _0\"/> such as cross-currency int<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>ate s<span class=\"_ _5\"/>waps.<span class=\"_ _b\"/> The Group does not hol<span class=\"_ _5\"/>d or issue deriva<span class=\"_ _5\"/>tives for<span class=\"_ _5\"/> trading purposes.<span class=\"_ _b\"/> Hedge accoun<span class=\"_ _5\"/>ting is applied for cash flow hedges rela<span class=\"_ _5\"/>ted to f<span class=\"_ _5\"/>orecast<span class=\"_ _5\"/>ed transactions and fair val<span class=\"_ _5\"/>ue hedges.Measurement<span class=\"_ _5\"/> and recognitionAll deriva<span class=\"_ _5\"/>tive financial instrumen<span class=\"_ _5\"/>ts are initiall<span class=\"_ _5\"/>y rec<span class=\"_ _5\"/>ognized at <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue.<span class=\"_ _b\"/> A<span class=\"_ _5\"/>ttributable transa<span class=\"_ _5\"/>ction costs are recogniz<span class=\"_ _5\"/>ed in profit<span class=\"_ _5\"/> or loss when incurr<span class=\"_ _5\"/>ed.<span class=\"_ _5\"/> Subsequently<span class=\"_ _0\"/>, deriv<span class=\"_ _5\"/>atives are measur<span class=\"_ _5\"/>ed at <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue derived fr<span class=\"_ _5\"/>om market<span class=\"_ _5\"/> prices of <span class=\"_ _5\"/>the instruments or<span class=\"_ _5\"/> valua<span class=\"_ _5\"/>tion t<span class=\"_ _5\"/>echniques,<span class=\"_ _5\"/> with the <span class=\"_ _5\"/>fair va<span class=\"_ _5\"/>lue changes recogniz<span class=\"_ _5\"/>ed in profit or l<span class=\"_ _5\"/>oss,<span class=\"_ _5\"/> unless hedge acc<span class=\"_ _5\"/>ounting is applied.<span class=\"_ _b\"/> A gain or loss on r<span class=\"_ _5\"/>emeasurement <span class=\"_ _5\"/>to the f<span class=\"_ _5\"/>air va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> the inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te deriva<span class=\"_ _5\"/>tives is recogniz<span class=\"_ _5\"/>ed in profit or<span class=\"_ _5\"/> loss under f<span class=\"_ _5\"/>air va<span class=\"_ _5\"/>lue change of deriv<span class=\"_ _5\"/>atives.<span class=\"_ _b\"/> The f<span class=\"_ _5\"/>air val<span class=\"_ _5\"/>ue changes of <span class=\"_ _5\"/>forward f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change contracts are r<span class=\"_ _5\"/>ecognized in operating inc<span class=\"_ _5\"/>ome.<span class=\"_ _b\"/> The carrying values o<span class=\"_ _5\"/>f the deriva<span class=\"_ _5\"/>tives are rec<span class=\"_ _5\"/>ognized in the balance shee<span class=\"_ _5\"/>t as deriva<span class=\"_ _5\"/>tives,<span class=\"_ _5\"/> which can be classified as current or<span class=\"_ _5\"/> non-current assets or<span class=\"_ _5\"/> liabilities,<span class=\"_ _5\"/> depending on the maturity<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the contracts.Hedge accoun<span class=\"_ _5\"/>tingFor<span class=\"_ _5\"/> a cash flow hedge o<span class=\"_ _5\"/>f a f<span class=\"_ _5\"/>orecast<span class=\"_ _5\"/>ed transaction,<span class=\"_ _b\"/> the transa<span class=\"_ _5\"/>ction should be highly pr<span class=\"_ _5\"/>obable t<span class=\"_ _5\"/>o occur and should presen<span class=\"_ _5\"/>t an exposure <span class=\"_ _5\"/>to varia<span class=\"_ _5\"/>tions in cash flow<span class=\"_ _5\"/>s that<span class=\"_ _5\"/> could ul<span class=\"_ _5\"/>timatel<span class=\"_ _b\"/>y affect reported pr<span class=\"_ _5\"/>ofit or loss.<span class=\"_ _0\"/> In specif<span class=\"_ _6\"/>ic cases hedge accoun<span class=\"_ _5\"/>ting is applied for<span class=\"_ _5\"/> cash flow hedges.<span class=\"_ _b\"/> In tha<span class=\"_ _5\"/>t case,<span class=\"_ _b\"/> the effective part of<span class=\"_ _5\"/> the f<span class=\"_ _5\"/>air val<span class=\"_ _5\"/>ue change of <span class=\"_ _5\"/>those derivativ<span class=\"_ _5\"/>es is deferr<span class=\"_ _5\"/>ed in Other comprehensiv<span class=\"_ _5\"/>e income and present<span class=\"_ _5\"/>ed in the hedging reserve in Equity<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The hedging reserve includes the cash flow<span class=\"_ _5\"/> hedge reserve and the costs o<span class=\"_ _5\"/>f hedging.<span class=\"_ _b\"/> Changes in the fair <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f the curr<span class=\"_ _5\"/>ency basis since the incep<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the hedging relationship <span class=\"_ _5\"/>will be def<span class=\"_ _5\"/>erred into a separ<span class=\"_ _5\"/>ate c<span class=\"_ _5\"/>omponent o<span class=\"_ _5\"/>f Other compr<span class=\"_ _5\"/>ehensive income.The amount r<span class=\"_ _5\"/>ecognized in Other compr<span class=\"_ _5\"/>ehensive income as cash flo<span class=\"_ _5\"/>w hedge reserve is released <span class=\"_ _5\"/>to the rela<span class=\"_ _5\"/>ted lines in profit<span class=\"_ _5\"/> or loss at<span class=\"_ _5\"/> the same time as <span class=\"_ _5\"/>the hedged cash flows aff<span class=\"_ _5\"/>ect profit or<span class=\"_ _5\"/> loss.<span class=\"_ _b\"/> Any ineff<span class=\"_ _5\"/>ective por<span class=\"_ _6\"/>tion of change in <span class=\"_ _5\"/>the fair value o<span class=\"_ _5\"/>f the deriv<span class=\"_ _5\"/>atives is included in pr<span class=\"_ _5\"/>ofit or l<span class=\"_ _5\"/>oss immediat<span class=\"_ _5\"/>ely<span class=\"_ _b\"/>.At<span class=\"_ _5\"/> inception o<span class=\"_ _5\"/>f the hedge<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the rela<span class=\"_ _5\"/>tionship between the hedging instrumen<span class=\"_ _5\"/>t and the hedged it<span class=\"_ _5\"/>em is documented <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> including the risk<span class=\"_ _5\"/> management objectives,<span class=\"_ _b\"/> stra<span class=\"_ _5\"/>tegy o<span class=\"_ _5\"/>f undertaking the hedge transa<span class=\"_ _5\"/>ction, <span class=\"_ _5\"/>the hedged risk <span class=\"_ _b\"/>\u2013 and,<span class=\"_ _0\"/> in case<span class=\"_ _6\"/> of<span class=\"_ _5\"/> hedge accounting,<span class=\"_ _b\"/> the methods <span class=\"_ _5\"/>that <span class=\"_ _5\"/>will be used to assess <span class=\"_ _5\"/>the effectiveness o<span class=\"_ _5\"/>f the hedge.<span class=\"_ _b\"/> Both a<span class=\"_ _5\"/>t the incep<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the hedge and at<span class=\"_ _5\"/> each reporting date<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the Group mak<span class=\"_ _5\"/>es an assessment whe<span class=\"_ _5\"/>ther the deriva<span class=\"_ _5\"/>tives used are highl<span class=\"_ _5\"/>y eff<span class=\"_ _5\"/>ective in offsetting changes in <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alues of<span class=\"_ _5\"/> the cash flow<span class=\"_ _5\"/>s of <span class=\"_ _5\"/>the hedged items.The economic rela<span class=\"_ _5\"/>tionship between the hedging ins<span class=\"_ _5\"/>trument and the hedged it<span class=\"_ _5\"/>em is,<span class=\"_ _5\"/> amongst o<span class=\"_ _5\"/>thers,<span class=\"_ _5\"/> det<span class=\"_ _5\"/>ermined based upon mat<span class=\"_ _5\"/>ching notional amoun<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> a minimal fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue of the hedging ins<span class=\"_ _5\"/>trument a<span class=\"_ _5\"/>t inception,<span class=\"_ _0\"/> matching the underl<span class=\"_ _b\"/>ying<span class=\"_ _6\"/> hedged risk (int<span class=\"_ _5\"/>erest benchmark<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e or currency pair),<span class=\"_ _b\"/> mat<span class=\"_ _5\"/>ching repricing and payment<span class=\"_ _5\"/> dat<span class=\"_ _5\"/>es and an assessment of<span class=\"_ _5\"/> the likelihood o<span class=\"_ _5\"/>f defaul<span class=\"_ _b\"/>t of <span class=\"_ _5\"/>the hedging counterparty<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Sources of<span class=\"_ _5\"/> ineffectiveness can,<span class=\"_ _b\"/> amongst others,<span class=\"_ _b\"/> be driven by movements in <span class=\"_ _5\"/>the credit sprea<span class=\"_ _5\"/>d of <span class=\"_ _5\"/>Arcadis and the r<span class=\"_ _5\"/>elevant<span class=\"_ _5\"/> hedging counterparty<span class=\"_ _b\"/>,<span class=\"_ _5\"/> mismatch o<span class=\"_ _5\"/>f pa<span class=\"_ _5\"/>yment flo<span class=\"_ _5\"/>w frequencies,<span class=\"_ _b\"/> mismatch o<span class=\"_ _5\"/>f int<span class=\"_ _5\"/>erest c<span class=\"_ _5\"/>onditions,<span class=\"_ _5\"/> such as interes<span class=\"_ _5\"/>t floors and possible changes <span class=\"_ _5\"/>to the critica<span class=\"_ _5\"/>l terms o<span class=\"_ _5\"/>f the economic rela<span class=\"_ _5\"/>tionship.When a derivativ<span class=\"_ _5\"/>e ceases t<span class=\"_ _5\"/>o be highly e<span class=\"_ _5\"/>ffective or in case o<span class=\"_ _5\"/>f earl<span class=\"_ _5\"/>y redemption o<span class=\"_ _5\"/>f the hedged it<span class=\"_ _5\"/>em,<span class=\"_ _5\"/> hedge acc<span class=\"_ _5\"/>ounting is discontinued prospectivel<span class=\"_ _b\"/>y<span class=\"_ _5\"/>.<span class=\"_ _5\"/> When a cash flow<span class=\"_ _5\"/> hedge relationship is <span class=\"_ _5\"/>terminat<span class=\"_ _5\"/>ed,<span class=\"_ _b\"/> the fair <span class=\"_ _5\"/>value changes def<span class=\"_ _5\"/>erred in the cash flow<span class=\"_ _5\"/> hedging reserve in equity are rel<span class=\"_ _5\"/>eased to pro<span class=\"_ _5\"/>fit or loss under<span class=\"_ _5\"/> the fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue change of deriv<span class=\"_ _5\"/>atives onl<span class=\"_ _5\"/>y when <span class=\"_ _5\"/>the hedged transa<span class=\"_ _5\"/>ction is no longer expected <span class=\"_ _5\"/>to occur<span class=\"_ _0\"/>.<span class=\"_ _5\"/> Other<span class=\"_ _6\"/>wise,<span class=\"_ _b\"/> these fair<span class=\"_ _5\"/> value changes <span class=\"_ _5\"/>will be released <span class=\"_ _5\"/>to pro<span class=\"_ _5\"/>fit or loss a<span class=\"_ _5\"/>t the same time as the hedged it<span class=\"_ _5\"/>em.Fair valueA f<span class=\"_ _5\"/>air va<span class=\"_ _5\"/>lue is the price <span class=\"_ _5\"/>that <span class=\"_ _5\"/>would be receiv<span class=\"_ _5\"/>ed to sell an asse<span class=\"_ _5\"/>t or <span class=\"_ _5\"/>would be paid t<span class=\"_ _5\"/>o transf<span class=\"_ _5\"/>er a liability in an or<span class=\"_ _5\"/>derly transaction between mark<span class=\"_ _5\"/>et participants a<span class=\"_ _5\"/>t the measuremen<span class=\"_ _5\"/>t dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The fair <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f deriva<span class=\"_ _5\"/>tives is determined b<span class=\"_ _5\"/>y using valua<span class=\"_ _5\"/>tion models tha<span class=\"_ _5\"/>t incorpora<span class=\"_ _5\"/>te v<span class=\"_ _5\"/>arious inputs,<span class=\"_ _5\"/> such as forward in<span class=\"_ _5\"/>terest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e curves and the credit <span class=\"_ _5\"/>worthiness of count<span class=\"_ _5\"/>erparties. The methods and assumptions used to estima<span class=\"_ _5\"/>te the fair<span class=\"_ _5\"/> value are consist<span class=\"_ _5\"/>ent with the prior year<span class=\"_ _0\"/>.The fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> derivativ<span class=\"_ _5\"/>es held by <span class=\"_ _5\"/>the Company<span class=\"_ _5\"/> as at <span class=\"_ _5\"/>the balance shee<span class=\"_ _5\"/>t dat<span class=\"_ _5\"/>e is present<span class=\"_ _5\"/>ed in the tabl<span class=\"_ _5\"/>e below:Assets<span class=\"_ _222\"> </span>Liabilities<span class=\"_ _27a\"> </span><span class=\"ls112 ws12e\">To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l</span>In \u20ac thousands<span class=\"_ _8c\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _d3\"> </span></span>2<span class=\"_ _6\"/>021<span class=\"_ _d3\"> </span><span class=\"ff1 fc1 ls10d ws12b\">2022<span class=\"_ _55\"> </span></span>20<span class=\"_ _6\"/>21<span class=\"_ _bc\"> </span><span class=\"ff1 fc1 ls10d ws12b\">2<span class=\"_ _6\"/>022<span class=\"_ _d3\"> </span></span>2<span class=\"_ _6\"/>021Inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te deriva<span class=\"_ _5\"/>tives:Current<span class=\"_ _130\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _d2\"> </span><span class=\"ls3e ws132\"> 2<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>01 <span class=\"_ _19a\"> </span></span> <span class=\"_ _4\"> </span>-   <span class=\"_ _b2\"> </span></span><span class=\"ws1\"> (2,401) <span class=\"_ _46\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span></span>Non-current<span class=\"_ _27b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _d4\"> </span><span class=\"lsef ws11c\"> 1,2<span class=\"_ _6\"/>97<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span></span> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e0\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>97<span class=\"_ _6\"/> </span></span>For<span class=\"_ _5\"/>eign exchange deriva<span class=\"_ _5\"/>tives:Current<span class=\"_ _c1\"> </span> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>43<span class=\"_ _6\"/> <span class=\"_ _b3\"> </span> 5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>810<span class=\"_ _6\"/> <span class=\"_ _63\"> </span><span class=\"ls102 ws11a\"> 19<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>03<span class=\"_ _6\"/> <span class=\"_ _b3\"> </span></span><span class=\"ws1\"> 4,836<span class=\"_ _6\"/> <span class=\"_ _b6\"> </span> (3,560)<span class=\"_ _114\"> </span><span class=\"lsf7 ws17f\"> 974<span class=\"_ _7\"/> </span></span>Non-current<span class=\"_ _27b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _4\"> </span>-   </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _246\"> </span> 15,9<span class=\"_ _7\"/>43<span class=\"_ _6\"/> <span class=\"_ _a9\"> </span> 7,<span class=\"_ _7\"/>1<span class=\"_ _6\"/>0<span class=\"_ _6\"/>7<span class=\"_ _7\"/> <span class=\"_ _63\"> </span> 21,9<span class=\"_ _6\"/>0<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _e5\"> </span> 4,83<span class=\"_ _6\"/>6 <span class=\"_ _df\"> </span><span class=\"wsac\">(5,961) <span class=\"_ _b6\"> </span><span class=\"ls57 ws164\"> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>271 </span></span>See not<span class=\"_ _5\"/>e <span class=\"_ _6\"/>32 f<span class=\"_ _5\"/>or the Group T<span class=\"_ _b\"/>reasury polic<span class=\"_ _6\"/>y and the val<span class=\"_ _5\"/>uation t<span class=\"_ _5\"/>echniques <span class=\"_ _6\"/>used for<span class=\"_ _5\"/> the derivatives.<span class=\"_ _0\"/> <span class=\"_ _6\"/>Group T<span class=\"_ _b\"/>reasury is consul<span class=\"_ _5\"/>ted by<span class=\"_ _5\"/> entities f<span class=\"_ _5\"/>or alignment<span class=\"_ _5\"/> of<span class=\"_ _5\"/> hedge accoun<span class=\"_ _5\"/>ting with the Group <span class=\"_ _5\"/>T<span class=\"_ _b\"/>reasur<span class=\"_ _6\"/>y policy guidelines and assist<span class=\"_ _5\"/>ed with documenta<span class=\"_ _5\"/>tion of <span class=\"_ _5\"/>the hedge rela<span class=\"_ _5\"/>tionship,<span class=\"_ _b\"/> derivatives <span class=\"_ _5\"/>val<span class=\"_ _5\"/>uations and effectiveness <span class=\"_ _5\"/>tes<span class=\"_ _5\"/>ting.As per 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the Group has \u20ac40.0 million (notional amoun<span class=\"_ _5\"/>t) of<span class=\"_ _5\"/> fixed-t<span class=\"_ _b\"/>o<span class=\"_ _6\"/>-floating cr<span class=\"_ _5\"/>oss currency swaps <span class=\"_ _5\"/>to manage <span class=\"_ _5\"/>the currency and int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e risk o<span class=\"_ _5\"/>f a subsidiary<span class=\"_ _5\"/>.<span class=\"_ _b\"/> The market<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> these deriva<span class=\"_ _5\"/>tives at 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 was \u20ac2.4 mil<span class=\"_ _5\"/>lion negative (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac1.3 mil<span class=\"_ _5\"/>lion positive) and hedge acc<span class=\"_ _5\"/>ounting is applied on these deriva<span class=\"_ _5\"/>tives.<span class=\"_ _b\"/> These fixed-<span class=\"_ _5\"/>to-floa<span class=\"_ _5\"/>ting cross currency sw<span class=\"_ _5\"/>aps mature in Oct<span class=\"_ _5\"/>ober 202<span class=\"_ _5\"/>3.Effects o<span class=\"_ _5\"/>f hedge acc<span class=\"_ _5\"/>ounting on the <span class=\"_ _5\"/>financial position and per<span class=\"_ _6\"/>formanc<span class=\"_ _5\"/>eIn \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span><span class=\"fs7b lscd wse4\">2<span class=\"_ _6\"/>021</span>Cross currency in<span class=\"_ _5\"/>terest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e swapsNotional amoun<span class=\"_ _5\"/>t<span class=\"_ _27c\"> </span><span class=\"lsf4 ws110\">40<span class=\"_ _5\"/>,000<span class=\"_ _223\"> </span>40,<span class=\"_ _b\"/>000</span>Maturity<span class=\"_ _5\"/> date<span class=\"_ _91\"> </span><span class=\"ls110 ws15c\">2023<span class=\"_ _101\"> </span>202<span class=\"_ _6\"/>3</span>Hedge ratio<span class=\"_ _fd\"> </span><span class=\"ls111 ws12d\">1:1<span class=\"_ _79\"> </span>1:1</span>Change in fair<span class=\"_ _5\"/> value o<span class=\"_ _5\"/>f outstanding hedging ins<span class=\"_ _5\"/>truments<span class=\"_ _153\"> </span><span class=\"wsac\">(3,777)<span class=\"_ _13e\"> </span></span> (3<span class=\"_ _6\"/>,665)Change in va<span class=\"_ _5\"/>lue of hedged it<span class=\"_ _5\"/>em used to de<span class=\"_ _5\"/>termine hedge effectiveness<span class=\"_ _15e\"> </span><span class=\"lsf0 ws15c\"> 3<span class=\"_ _6\"/>,921<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span> 3<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>24<span class=\"_ _6\"/> </span>Ineffectiveness<span class=\"_ _1ca\"> </span><span class=\"lsf2 ws10e\">(37<span class=\"_ _6\"/>)<span class=\"_ _101\"> </span><span class=\"lsee ws10a\">(<span class=\"_ _6\"/>13<span class=\"_ _6\"/>2<span class=\"_ _6\"/>)</span></span>During 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> the Group hedged currency exposur<span class=\"_ _5\"/>es relat<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o transactions in currencies o<span class=\"_ _b\"/>ther than the functional currency <span class=\"_ _5\"/>for subsidiaries b<span class=\"_ _5\"/>y wa<span class=\"_ _b\"/>y of <span class=\"_ _5\"/>foreign e<span class=\"_ _5\"/>xchange <span class=\"_ _5\"/>forward ra<span class=\"_ _5\"/>te c<span class=\"_ _5\"/>ontracts in order<span class=\"_ _5\"/> to minimiz<span class=\"_ _5\"/>e vola<span class=\"_ _5\"/>tility in the opera<span class=\"_ _b\"/>ting income of <span class=\"_ _5\"/>these subsidiaries due to changes in <span class=\"_ _5\"/>for<span class=\"_ _5\"/>eign exchange r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es.<span class=\"_ _5\"/> In addition,<span class=\"_ _b\"/> for<span class=\"_ _5\"/>eign currency corpora<span class=\"_ _5\"/>te ba<span class=\"_ _5\"/>lance sheet positions arising due <span class=\"_ _5\"/>to <span class=\"_ _5\"/>foreign curr<span class=\"_ _5\"/>ency receivabl<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> payables and loan balanc<span class=\"_ _5\"/>es were hedged b<span class=\"_ _5\"/>y w<span class=\"_ _5\"/>ay o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>foreign ex<span class=\"_ _b\"/>change forward ra<span class=\"_ _5\"/>te c<span class=\"_ _5\"/>ontracts and f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change swaps.<span class=\"_ _b\"/> Also during 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> the group specificall<span class=\"_ _5\"/>y hedged the CAD purchase pric<span class=\"_ _5\"/>e for<span class=\"_ _5\"/> the ac<span class=\"_ _5\"/>quisition of IBI Gr<span class=\"_ _5\"/>oup.The movemen<span class=\"_ _5\"/>ts in fair <span class=\"_ _5\"/>val<span class=\"_ _5\"/>ue of a<span class=\"_ _5\"/>ll deriva<span class=\"_ _5\"/>tives are shown in <span class=\"_ _5\"/>the table belo<span class=\"_ _5\"/>w:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _27d\"> </span><span class=\"ls57 ws164\"> 2<span class=\"_ _6\"/>,271<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span><span class=\"lsfc ws11b\"> 4<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>51<span class=\"_ _6\"/> </span></span>Changes in Income sta<span class=\"_ _5\"/>tement<span class=\"_ _c9\"> </span> (3,57<span class=\"_ _b\"/>4) <span class=\"_ _3b\"> </span><span class=\"lsf2 ws148\"> 70<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span>Changes through Other<span class=\"_ _5\"/> comprehensive income<span class=\"_ _27e\"> </span><span class=\"lsf9 ws178\"> 12<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _83\"> </span><span class=\"ls6f ws13a\"> 455<span class=\"_ _6\"/> </span></span>Cash settlement<span class=\"_ _5\"/> derivativ<span class=\"_ _5\"/>es<span class=\"_ _27f\"> </span> (2,549) <span class=\"_ _29\"> </span> (3,98<span class=\"_ _6\"/>4) Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _280\"> </span> (2,238) <span class=\"_ _3b\"> </span><span class=\"ls110 ws15f\"> 443<span class=\"_ _6\"/> </span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _118\"> </span> (5,9<span class=\"_ _6\"/>61<span class=\"_ _5\"/>) <span class=\"_ _223\"> </span><span class=\"ls57 ws164\"> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>271<span class=\"_ _6\"/> </span>The change in fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> derivativ<span class=\"_ _5\"/>es recognized in pr<span class=\"_ _5\"/>ofit or l<span class=\"_ _5\"/>oss is \u20ac0.6 million negativ<span class=\"_ _5\"/>e (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac0.8 million negativ<span class=\"_ _5\"/>e) toge<span class=\"_ _5\"/>ther with <span class=\"_ _5\"/>foreign e<span class=\"_ _5\"/>xchange resul<span class=\"_ _b\"/>ts of \u20ac4.3 million nega<span class=\"_ _5\"/>tive (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac0.8 million positive) also flowing thr<span class=\"_ _5\"/>ough profit or<span class=\"_ _5\"/> loss.<span class=\"_ _b\"/> Hence the ov<span class=\"_ _5\"/>erall pr<span class=\"_ _5\"/>ofit or<span class=\"_ _5\"/> loss effect o<span class=\"_ _b\"/>f for<span class=\"_ _5\"/>eign exchange c<span class=\"_ _5\"/>ontracts and deriva<span class=\"_ _5\"/>tives amounts t<span class=\"_ _5\"/>o \u20ac4.9 million nega<span class=\"_ _5\"/>tive (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac0.0 million nega<span class=\"_ _5\"/>tive).Hedging reserveThe t<span class=\"_ _5\"/>otal (a<span class=\"_ _5\"/>fter-<span class=\"_ _5\"/>tax) amount included in Other c<span class=\"_ _5\"/>omprehensive income<span class=\"_ _5\"/>,<span class=\"_ _b\"/> on the line hedging reserve within equity<span class=\"_ _b\"/>,<span class=\"_ _5\"/> can be specified as fol<span class=\"_ _5\"/>lows:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te deriva<span class=\"_ _5\"/>tives<span class=\"_ _21c\"> </span><span class=\"lsf1 ws166\"> 395<span class=\"_ _6\"/> <span class=\"_ _109\"> </span><span class=\"lsec ws112\"> 10<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span></span>For<span class=\"_ _5\"/>eign exchange deriva<span class=\"_ _5\"/>tives (classified as cash flow<span class=\"_ _5\"/> hedges)<span class=\"_ _24b\"> </span><span class=\"ls3e ws132\"> 269<span class=\"_ _6\"/> <span class=\"_ _133\"> </span><span class=\"ws3a\">269</span></span>Cost<span class=\"_ _5\"/> of hedging reserve<span class=\"_ _281\"> </span><span class=\"ls10e ws111\"> 114<span class=\"_ _7\"/> <span class=\"_ _53\"> </span><span class=\"lsf7 ws113\">2<span class=\"_ _6\"/>74</span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _282\"> </span><span class=\"ls144 ws189\"> 778 <span class=\"_ _109\"> </span><span class=\"ls129 wse8\"> 649 </span></span>20 <span class=\"_ _2\"> </span>Other non-current<span class=\"_ _5\"/> assetsOther non-current<span class=\"_ _5\"/> assets are non-derivativ<span class=\"_ _5\"/>e financial assets and include l<span class=\"_ _5\"/>ong-term rec<span class=\"_ _5\"/>eivables (due f<span class=\"_ _5\"/>or settlemen<span class=\"_ _5\"/>t after<span class=\"_ _5\"/> one year).<span class=\"_ _b\"/> Long-t<span class=\"_ _5\"/>erm receivabl<span class=\"_ _5\"/>es are initiall<span class=\"_ _5\"/>y rec<span class=\"_ _5\"/>ognized at <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue plus any<span class=\"_ _5\"/> directly<span class=\"_ _5\"/> attributable <span class=\"_ _5\"/>transaction costs.<span class=\"_ _b\"/> Subsequentl<span class=\"_ _5\"/>y these assets ar<span class=\"_ _5\"/>e held at<span class=\"_ _5\"/> amor<span class=\"_ _6\"/>tized cost,<span class=\"_ _0\"/> using the effective int<span class=\"_ _5\"/>erest method and ne<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> any impairment<span class=\"_ _5\"/> losses.In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _283\"> </span><span class=\"ls118 ws135\">22<span class=\"_ _7\"/>,2<span class=\"_ _6\"/>13<span class=\"_ _6\"/> <span class=\"_ _38\"> </span><span class=\"lsf6 ws112\">22<span class=\"_ _6\"/>,581<span class=\"_ _6\"/> </span></span>New r<span class=\"_ _5\"/>eceivables<span class=\"_ _20d\"> </span><span class=\"lsf8 wse9\"> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>515<span class=\"_ _7\"/> <span class=\"_ _19a\"> </span><span class=\"ls102 ws11a\"> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>19<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span></span>Acquisitions thr<span class=\"_ _5\"/>ough business combination<span class=\"_ _ab\"> </span><span class=\"ls119 ws17c\"> 3,203 <span class=\"_ _1bb\"> </span></span><span class=\"ls3\">-</span>Receiv<span class=\"_ _5\"/>ed<span class=\"_ _6a\"> </span><span class=\"ws1\"> (6,767)<span class=\"_ _38\"> </span> (3,987)</span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _284\"> </span><span class=\"ls3 ws137\"> 686 <span class=\"_ _8d\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>18<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span></span>Reclassification t<span class=\"_ _5\"/>o shor<span class=\"_ _6\"/>t term<span class=\"_ _116\"> </span><span class=\"ws1\"> (1,961<span class=\"_ _b\"/>)<span class=\"_ _76\"> </span><span class=\"ls12d ws116\"> (3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>761)</span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _203\"> </span><span class=\"ls3\">20,889 <span class=\"_ _46\"> </span><span class=\"ls118 ws135\">2<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>13<span class=\"_ _6\"/> </span></span>Other non-current<span class=\"_ _5\"/> assets include long-<span class=\"_ _5\"/>term rec<span class=\"_ _5\"/>eivables o<span class=\"_ _5\"/>f \u20ac9 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac1<span class=\"_ _b\"/>1 million) relat<span class=\"_ _b\"/>ed to the def<span class=\"_ _5\"/>erred compensa<span class=\"_ _5\"/>tion plan in the United S<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>es of<span class=\"_ _5\"/> America opera<span class=\"_ _5\"/>ting company<span class=\"_ _b\"/>,<span class=\"_ _b\"/> see note 2<span class=\"_ _5\"/>8 for<span class=\"_ _5\"/> further details.<span class=\"_ _b\"/> The remaining amoun<span class=\"_ _5\"/>t consists o<span class=\"_ _5\"/>f v<span class=\"_ _5\"/>arious other<span class=\"_ _5\"/> long-t<span class=\"_ _5\"/>erm receivabl<span class=\"_ _5\"/>es such as rental deposits,<span class=\"_ _0\"/> judicial deposits and ret<span class=\"_ _5\"/>entions.21 <span class=\"_ _2\"> </span>T<span class=\"_ _b\"/>rade r<span class=\"_ _5\"/>eceivabl<span class=\"_ _5\"/>esT<span class=\"_ _b\"/>rade receivabl<span class=\"_ _5\"/>es include amounts billed <span class=\"_ _5\"/>to cust<span class=\"_ _5\"/>omers for<span class=\"_ _5\"/> work performed but<span class=\"_ _5\"/> not <span class=\"_ _5\"/>yet paid b<span class=\"_ _5\"/>y the clients,<span class=\"_ _b\"/> and which are expected <span class=\"_ _5\"/>to be col<span class=\"_ _5\"/>lected within a <span class=\"_ _5\"/>year after<span class=\"_ _5\"/> reporting date<span class=\"_ _5\"/>.<span class=\"_ _5\"/> T<span class=\"_ _b\"/>rade receivabl<span class=\"_ _5\"/>es are initiall<span class=\"_ _b\"/>y measured at <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue,<span class=\"_ _b\"/> which normall<span class=\"_ _5\"/>y repr<span class=\"_ _5\"/>esents the considera<span class=\"_ _5\"/>tion the Compan<span class=\"_ _5\"/>y expects t<span class=\"_ _5\"/>o receive <span class=\"_ _5\"/>within the payment<span class=\"_ _5\"/> term (in<span class=\"_ _5\"/>voice amount<span class=\"_ _5\"/> excl<span class=\"_ _5\"/>uding costs col<span class=\"_ _5\"/>lected on behal<span class=\"_ _5\"/>f of<span class=\"_ _5\"/> third parties,<span class=\"_ _5\"/> such as sales tax<span class=\"_ _5\"/>es).<span class=\"_ _5\"/> Subsequentl<span class=\"_ _5\"/>y T<span class=\"_ _b\"/>rade receiv<span class=\"_ _5\"/>ables are measured at<span class=\"_ _5\"/> the considera<span class=\"_ _5\"/>tion expected t<span class=\"_ _5\"/>o be collect<span class=\"_ _5\"/>ed.The Company<span class=\"_ _5\"/> uses the Expected Credit<span class=\"_ _5\"/> Loss (ECL) model. <span class=\"_ _5\"/>T<span class=\"_ _5\"/>rade rec<span class=\"_ _5\"/>eivables are re<span class=\"_ _5\"/>viewed f<span class=\"_ _5\"/>or coll<span class=\"_ _5\"/>ectability on a case-by-case basis at<span class=\"_ _5\"/> regular int<span class=\"_ _5\"/>ervals.<span class=\"_ _b\"/> If a T<span class=\"_ _b\"/>rade receivabl<span class=\"_ _5\"/>e is considered credit impair<span class=\"_ _5\"/>ed (e.g.<span class=\"_ _b\"/> the cust<span class=\"_ _5\"/>omer has failed <span class=\"_ _5\"/>to make a pa<span class=\"_ _5\"/>yment when c<span class=\"_ _5\"/>ontractuall<span class=\"_ _b\"/>y due) the expected l<span class=\"_ _5\"/>oss is determined as <span class=\"_ _5\"/>the difference betw<span class=\"_ _5\"/>een the carrying amount and <span class=\"_ _5\"/>the recover<span class=\"_ _5\"/>able amount.<span class=\"_ _b\"/> The recov<span class=\"_ _5\"/>erable amount<span class=\"_ _5\"/> is the present <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f expect<span class=\"_ _5\"/>ed future cash flow<span class=\"_ _5\"/>s discount<span class=\"_ _5\"/>ed at <span class=\"_ _5\"/>the effective marke<span class=\"_ _5\"/>t int<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>ates.A simplified approach is applied <span class=\"_ _5\"/>that uses a lif<span class=\"_ _5\"/>etime expected l<span class=\"_ _5\"/>oss allow<span class=\"_ _5\"/>ance t<span class=\"_ _5\"/>o recognize losses <span class=\"_ _5\"/>for possibl<span class=\"_ _5\"/>e impairment o<span class=\"_ _5\"/>f T<span class=\"_ _b\"/>rade rec<span class=\"_ _5\"/>eivables tha<span class=\"_ _5\"/>t are no<span class=\"_ _5\"/>t individuall<span class=\"_ _5\"/>y impaired <span class=\"_ _5\"/>yet.<span class=\"_ _b\"/> The Expected Credit L<span class=\"_ _5\"/>oss is recognized in Other<span class=\"_ _5\"/> operationa<span class=\"_ _5\"/>l costs.In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0T<span class=\"_ _b\"/>rade receivables<span class=\"_ _1d4\"> </span><span class=\"ls10e ws111\"> 7<span class=\"_ _6\"/>9<span class=\"_ _7\"/>9<span class=\"_ _6\"/>,<span class=\"_ _7\"/>117<span class=\"_ _7\"/> <span class=\"_ _d5\"> </span><span class=\"lsf8 ws114\">5<span class=\"_ _6\"/>7<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>51<span class=\"_ _7\"/> </span></span>Provision <span class=\"_ _5\"/>for tr<span class=\"_ _5\"/>ade receivabl<span class=\"_ _5\"/>es (individuall<span class=\"_ _5\"/>y impaired bad deb<span class=\"_ _5\"/>t)<span class=\"_ _136\"> </span><span class=\"ls110 ws15f\"> (53,702)<span class=\"_ _49\"> </span></span> (52,497)Provision <span class=\"_ _5\"/>for tr<span class=\"_ _5\"/>ade receivabl<span class=\"_ _5\"/>es (Expected Credit L<span class=\"_ _5\"/>oss)<span class=\"_ _23d\"> </span> (790)<span class=\"_ _19c\"> </span><span class=\"lsff ws168\"> (<span class=\"_ _6\"/>68<span class=\"_ _6\"/>9)</span>Receiv<span class=\"_ _5\"/>ables from associates<span class=\"_ _285\"> </span><span class=\"ls12d ws116\"> 2,<span class=\"_ _6\"/>76<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span><span class=\"lsf6 ws10f\"> 2,09<span class=\"_ _6\"/>0 </span></span>T<span class=\"_ _b\"/>otal at<span class=\"_ _5\"/> 31 December<span class=\"_ _17d\"> </span><span class=\"wsac\">74<span class=\"_ _5\"/>7<span class=\"_ _5\"/>,392 <span class=\"_ _d5\"> </span><span class=\"ls2 ws12a\">521,855<span class=\"_ _6\"/> </span></span>Of <span class=\"_ _5\"/>the to<span class=\"_ _5\"/>tal gross <span class=\"_ _5\"/>T<span class=\"_ _b\"/>rade receivabl<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> approxima<span class=\"_ _5\"/>tel<span class=\"_ _5\"/>y 6% is subject <span class=\"_ _5\"/>to a so-called <span class=\"_ _0\"/>\u2018paid-when-paid\u2019<span class=\"_ _b\"/> clause <span class=\"ls3\"> </span>(202<span class=\"_ _b\"/>1: 1<span class=\"_ _0\"/>1%).<span class=\"_ _0\"/> They are classified as curren<span class=\"_ _5\"/>t as Ar<span class=\"_ _5\"/>cadis expects t<span class=\"_ _5\"/>o collect<span class=\"_ _5\"/> the amounts within one <span class=\"_ _5\"/>year<span class=\"_ _0\"/>.<span class=\"_ _5\"/> Further inf<span class=\"_ _5\"/>ormation about<span class=\"_ _5\"/> Arcadis<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> exposure t<span class=\"_ _5\"/>o credit risk<span class=\"_ _5\"/> is included below<span class=\"_ _5\"/> and in not<span class=\"_ _5\"/>e 32.Ageing of<span class=\"_ _5\"/> T<span class=\"_ _b\"/>rade rec<span class=\"_ _5\"/>eivables 2022<span class=\"_ _19\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>Gross Provision Provision Gross Provision Provision  In \u20ac thousands Receiv<span class=\"_ _5\"/>ablesbad debtECLReceiv<span class=\"_ _5\"/>ablesbad debtECLNot<span class=\"_ _5\"/> past due<span class=\"_ _135\"> </span> 50<span class=\"_ _6\"/>9,257 <span class=\"_ _d0\"> </span> (3,3<span class=\"_ _5\"/>10)<span class=\"_ _e5\"> </span> (329)<span class=\"_ _13a\"> </span><span class=\"lsf7 ws17f\"> 38<span class=\"_ _7\"/>6<span class=\"_ _7\"/>,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>74<span class=\"_ _6\"/> <span class=\"_ _d0\"> </span></span> (4,21<span class=\"_ _5\"/>8)<span class=\"_ _e5\"> </span><span class=\"lsf0 ws15c\"> (24<span class=\"_ _7\"/>4)</span>Past due 0-3<span class=\"_ _6\"/>0 days<span class=\"_ _2b\"> </span> 86<span class=\"_ _6\"/>,360<span class=\"_ _6\"/> <span class=\"_ _a9\"> </span> (95<span class=\"_ _6\"/>3)<span class=\"_ _a6\"> </span> (32)<span class=\"_ _19d\"> </span><span class=\"ls110 ws15f\"> 6<span class=\"_ _6\"/>5,439<span class=\"_ _6\"/> <span class=\"_ _d0\"> </span></span> (1,31<span class=\"_ _5\"/>4)<span class=\"_ _4d\"> </span><span class=\"ls10c ws136\"> (33)</span>Past due 3<span class=\"_ _5\"/>1-60 days<span class=\"_ _67\"> </span><span class=\"lsf6 ws10f\"> 49,84<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _d8\"> </span></span> (1,878)<span class=\"_ _39\"> </span> (10)<span class=\"_ _ba\"> </span> 28<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>08<span class=\"_ _6\"/> <span class=\"_ _e5\"> </span><span class=\"ls164 ws197\"> (906<span class=\"_ _5\"/>)<span class=\"_ _39\"> </span><span class=\"lsfc ws11b\"> (<span class=\"_ _6\"/>18)</span></span>Past due 6<span class=\"_ _5\"/>1-1<span class=\"_ _5\"/>20 days<span class=\"_ _286\"> </span> 33,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>93<span class=\"_ _6\"/> <span class=\"_ _b2\"> </span><span class=\"lsf7 ws17f\"> (<span class=\"_ _6\"/>3<span class=\"_ _6\"/>74<span class=\"_ _6\"/>)<span class=\"_ _a6\"> </span></span> (77<span class=\"_ _6\"/>)<span class=\"_ _9e\"> </span> 1<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>2<span class=\"_ _7\"/>2<span class=\"_ _7\"/> <span class=\"_ _b3\"> </span><span class=\"ls10d ws10d\"> (6<span class=\"_ _6\"/>07<span class=\"_ _6\"/>)<span class=\"_ _a6\"> </span><span class=\"lsf9 ws178\"> (<span class=\"_ _6\"/>12<span class=\"_ _6\"/>)</span></span>Past due 1<span class=\"_ _b\"/>21-36<span class=\"_ _6\"/>4 days<span class=\"_ _134\"> </span><span class=\"ls3 ws137\"> 48,349 <span class=\"_ _4e\"> </span></span> (4<span class=\"_ _6\"/>,662)<span class=\"_ _e5\"> </span> (<span class=\"_ _6\"/>2<span class=\"_ _6\"/>24)<span class=\"_ _19d\"> </span><span class=\"lsf2 ws148\"> 2<span class=\"_ _6\"/>2,<span class=\"_ _6\"/>570<span class=\"_ _6\"/> <span class=\"_ _d8\"> </span></span> (5,756)<span class=\"_ _a6\"> </span><span class=\"lsf9 ws178\"> (<span class=\"_ _6\"/>12)</span>More than 364 days due<span class=\"_ _138\"> </span><span class=\"lsfc ws11b\"> 72,2<span class=\"_ _6\"/>18 <span class=\"_ _147\"> </span></span> (42,525)<span class=\"_ _b3\"> </span> (<span class=\"_ _7\"/>118<span class=\"_ _7\"/>)<span class=\"_ _19d\"> </span><span class=\"ls128 ws18d\"> 52<span class=\"_ _6\"/>,738<span class=\"_ _6\"/> <span class=\"_ _dd\"> </span></span> (39,696<span class=\"_ _6\"/>)<span class=\"_ _e5\"> </span><span class=\"lsf2 ws148\"> (<span class=\"_ _6\"/>370)</span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _18\"> </span> 7<span class=\"_ _6\"/>9<span class=\"_ _6\"/>9<span class=\"_ _7\"/>,<span class=\"_ _6\"/>117<span class=\"_ _7\"/> <span class=\"_ _dd\"> </span><span class=\"ls9d ws1\"> (53,702)<span class=\"_ _df\"> </span><span class=\"ls2 ws14a\"> (79<span class=\"_ _6\"/>0)<span class=\"_ _cf\"> </span><span class=\"lsfc ws11b\"> 57<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>51<span class=\"_ _6\"/> <span class=\"_ _dd\"> </span></span></span> (5<span class=\"_ _5\"/>2<span class=\"_ _6\"/>,497)<span class=\"_ _df\"> </span><span class=\"ls2 ws14a\"> (6<span class=\"_ _6\"/>8<span class=\"_ _6\"/>9)</span></span>Individual assessments,<span class=\"_ _0\"/> in combination with <span class=\"_ _5\"/>the fa<span class=\"_ _5\"/>ct that<span class=\"_ _5\"/> the actual <span class=\"_ _5\"/>write-offs of<span class=\"_ _5\"/> trade r<span class=\"_ _5\"/>eceivables in r<span class=\"_ _5\"/>ecent years did no<span class=\"_ _5\"/>t cause us t<span class=\"_ _5\"/>o expect tha<span class=\"_ _5\"/>t <span class=\"_ _5\"/>the provision should be significantl<span class=\"_ _b\"/>y higher<span class=\"_ _0\"/>,<span class=\"_ _5\"/> resul<span class=\"_ _5\"/>ted in the c<span class=\"_ _5\"/>onclusion that<span class=\"_ _5\"/> the provision <span class=\"_ _5\"/>for<span class=\"_ _5\"/> bad debt<span class=\"_ _5\"/> is suff<span class=\"_ _6\"/>icient <span class=\"_ _5\"/>to c<span class=\"_ _5\"/>over <span class=\"_ _5\"/>for <span class=\"_ _5\"/>T<span class=\"_ _b\"/>rade receiv<span class=\"_ _5\"/>ables f<span class=\"_ _5\"/>or which <span class=\"_ _5\"/>there is objective evidence of<span class=\"_ _5\"/> an impairment.Provision f<span class=\"_ _5\"/>or T<span class=\"_ _b\"/>rade receiv<span class=\"_ _5\"/>ablesThe t<span class=\"_ _5\"/>otal pr<span class=\"_ _5\"/>ovision f<span class=\"_ _5\"/>or T<span class=\"_ _0\"/>rade receiv<span class=\"_ _5\"/>able includes the Expect<span class=\"_ _5\"/>ed Credit L<span class=\"_ _5\"/>oss for<span class=\"_ _5\"/> individuall<span class=\"_ _5\"/>y non-impaired it<span class=\"_ _b\"/>ems<span class=\"_ _6\"/> (stage 1 and 2<span class=\"_ _b\"/>) and individuall<span class=\"_ _5\"/>y credit impair<span class=\"_ _5\"/>ed items (sta<span class=\"_ _5\"/>ge 3).<span class=\"_ _b\"/> T<span class=\"_ _0\"/>o apply<span class=\"_ _5\"/> the simplified approach t<span class=\"_ _b\"/>o the \u201cheal<span class=\"_ _5\"/>thy\u201d<span class=\"_ _b\"/> por<span class=\"_ _6\"/>tfolio,<span class=\"_ _0\"/> Arcadis grouped <span class=\"_ _5\"/>the T<span class=\"_ _b\"/>rade rec<span class=\"_ _5\"/>eivables by<span class=\"_ _5\"/> country and the da<span class=\"_ _5\"/>ys past<span class=\"_ _5\"/> due.<span class=\"_ _b\"/> No specific<span class=\"_ _6\"/> measures wer<span class=\"_ _5\"/>e taken by the Group t<span class=\"_ _5\"/>o extend credit t<span class=\"_ _5\"/>erms for<span class=\"_ _5\"/> customers.<span class=\"_ _b\"/> The expected loss rat<span class=\"_ _5\"/>e for<span class=\"_ _5\"/> the <span class=\"_ _6\"/>stage 1 and 2 losses is based on the c<span class=\"_ _5\"/>ountry risk and v<span class=\"_ _5\"/>aries from 0.00<span class=\"_ _6\"/>% t<span class=\"_ _5\"/>o 0.49% for positions l<span class=\"_ _5\"/>ess than 90 days past due and up <span class=\"_ _5\"/>to 2.7<span class=\"_ _5\"/>3% f<span class=\"_ _5\"/>or items pas<span class=\"_ _5\"/>t due more <span class=\"_ _5\"/>than 9<span class=\"_ _6\"/>0 days.The to<span class=\"_ _5\"/>tal provision f<span class=\"_ _5\"/>or T<span class=\"_ _b\"/>rade receiv<span class=\"_ _5\"/>ables developed as fol<span class=\"_ _5\"/>lows:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _1ed\"> </span><span class=\"lsfa ws43\"> 53,18<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span><span class=\"lsfc ws11b\"> 51,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>6<span class=\"_ _6\"/>0<span class=\"_ _6\"/> </span></span>Acquisitions/ (div<span class=\"_ _5\"/>estments)<span class=\"_ _73\"> </span><span class=\"ls6f ws13a\"> 2<span class=\"_ _6\"/>,359<span class=\"_ _6\"/> <span class=\"_ _1bb\"> </span><span class=\"ls14a ws137\"> - </span></span>Additions charged t<span class=\"_ _5\"/>o profit or<span class=\"_ _5\"/> loss<span class=\"_ _199\"> </span><span class=\"lsf6 ws10f\"> 2,885<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span><span class=\"ls3e ws132\"> 8<span class=\"_ _6\"/>,333<span class=\"_ _6\"/> </span></span>Release o<span class=\"_ _5\"/>f unused amounts<span class=\"_ _27f\"> </span> (2,467)<span class=\"_ _223\"> </span> (5,551<span class=\"_ _b\"/>)Remeasuremen<span class=\"_ _5\"/>t Expected Credit L<span class=\"_ _5\"/>oss<span class=\"_ _287\"> </span><span class=\"lsec ws112\"> 101<span class=\"_ _6\"/> <span class=\"_ _ff\"> </span><span class=\"ls119 ws17c\"> 57<span class=\"_ _6\"/> </span></span>Utilizations<span class=\"_ _276\"> </span><span class=\"ws1\"> (2,631<span class=\"_ _5\"/>)<span class=\"_ _38\"> </span> (3<span class=\"_ _6\"/>,977)</span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _118\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>59<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span><span class=\"lsf6 ws10f\"> 2,66<span class=\"_ _6\"/>4 </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _288\"> </span> 54<span class=\"_ _6\"/>,492 <span class=\"_ _18a\"> </span><span class=\"lsfa ws43\"> 5<span class=\"_ _6\"/>3,<span class=\"_ _6\"/>18<span class=\"_ _6\"/>6 </span>22 <span class=\"_ _2\"> </span>Contr<span class=\"_ _5\"/>act assets and liabilitiesWhen revenue (c<span class=\"_ _5\"/>ost f<span class=\"_ _5\"/>or con<span class=\"_ _5\"/>tract w<span class=\"_ _5\"/>ork performed t<span class=\"_ _5\"/>o date pl<span class=\"_ _5\"/>us recognized pro<span class=\"_ _5\"/>fits) exceeds <span class=\"_ _5\"/>the progress billings,<span class=\"_ _b\"/> the surplus is shown as a C<span class=\"_ _5\"/>ontract asset<span class=\"_ _5\"/> (unbilled rec<span class=\"_ _5\"/>eivables).<span class=\"_ _b\"/> When progress billings e<span class=\"_ _5\"/>xceed the r<span class=\"_ _5\"/>evenue (cost<span class=\"_ _5\"/> for<span class=\"_ _5\"/> contra<span class=\"_ _5\"/>ct work performed <span class=\"_ _5\"/>to dat<span class=\"_ _5\"/>e plus recogniz<span class=\"_ _5\"/>ed profits),<span class=\"_ _b\"/> the balance is shown as a C<span class=\"_ _5\"/>ontract liability<span class=\"_ _5\"/> (billing in ex<span class=\"_ _5\"/>cess of revenue).<span class=\"_ _0\"/> Recognized loss pro<span class=\"_ _5\"/>visions are separat<span class=\"_ _5\"/>ely<span class=\"_ _5\"/> present<span class=\"_ _5\"/>ed as Provision f<span class=\"_ _5\"/>or onerous con<span class=\"_ _5\"/>tracts.<span class=\"_ _5\"/> Contr<span class=\"_ _5\"/>act assets,<span class=\"_ _b\"/> Contr<span class=\"_ _5\"/>act liabilities and the rela<span class=\"_ _5\"/>ted Pro<span class=\"_ _5\"/>vision for<span class=\"_ _5\"/> onerous contra<span class=\"_ _5\"/>cts are together<span class=\"_ _5\"/> generall<span class=\"_ _b\"/>y also ref<span class=\"_ _5\"/>erred t<span class=\"_ _5\"/>o as W<span class=\"_ _5\"/>ork in progress.Contr<span class=\"_ _5\"/>act assets are subject <span class=\"_ _5\"/>to the Expected Cr<span class=\"_ _5\"/>edit Loss (ECL) model.<span class=\"_ _5\"/> Arca<span class=\"_ _5\"/>dis applies a simplified approach that<span class=\"_ _5\"/> uses a lifetime e<span class=\"_ _5\"/>xpected loss al<span class=\"_ _5\"/>lowance <span class=\"_ _5\"/>to recogniz<span class=\"_ _5\"/>e losses f<span class=\"_ _5\"/>or possible impairment,<span class=\"_ _b\"/> in line with the ac<span class=\"_ _5\"/>counting f<span class=\"_ _5\"/>or Expected Credit L<span class=\"_ _5\"/>oss on T<span class=\"_ _b\"/>rade receivabl<span class=\"_ _5\"/>es.<span class=\"_ _5\"/> The Expected Credit<span class=\"_ _5\"/> Loss is recogniz<span class=\"_ _5\"/>ed in Other operationa<span class=\"_ _5\"/>l costs.For<span class=\"_ _5\"/> further details on the r<span class=\"_ _5\"/>ecognition of C<span class=\"_ _5\"/>ontract asse<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> Contra<span class=\"_ _5\"/>ct liabilities and the Provision <span class=\"_ _5\"/>for oner<span class=\"_ _5\"/>ous contracts see the revenue a<span class=\"_ _5\"/>ccounting policy in no<span class=\"_ _5\"/>te 6.The balances o<span class=\"_ _5\"/>f Con<span class=\"_ _5\"/>tract asse<span class=\"_ _5\"/>ts and Contra<span class=\"_ _5\"/>ct liabilities,<span class=\"_ _b\"/> as well as the Pr<span class=\"_ _5\"/>ovision f<span class=\"_ _5\"/>or onerous c<span class=\"_ _5\"/>ontracts (see also no<span class=\"_ _5\"/>te 29<span class=\"_ _5\"/>),<span class=\"_ _5\"/> are as f<span class=\"_ _5\"/>ollo<span class=\"_ _5\"/>ws:2022<span class=\"_ _16d\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>Provision Provision Contrac<span class=\"_ _6\"/>t Contrac<span class=\"_ _6\"/>t for<span class=\"_ _5\"/> onerous Net Contrac<span class=\"_ _6\"/>t Contrac<span class=\"_ _6\"/>t for<span class=\"_ _5\"/> onerous Net In \u20ac thousandsassetsliabilitiescontrac<span class=\"_ _6\"/>tspositionassetsliabilitiescontrac<span class=\"_ _6\"/>tspositionCumulative r<span class=\"_ _5\"/>evenue<span class=\"_ _20c\"> </span> 6,407<span class=\"_ _b\"/>,53<span class=\"_ _6\"/>4 <span class=\"_ _13b\"> </span> 5,310,863 <span class=\"_ _13e\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _13f\"> </span></span> 11<span class=\"_ _5\"/>,71<span class=\"_ _5\"/>8,397 <span class=\"_ _10d\"> </span> 4,977<span class=\"_ _b\"/>,727 <span class=\"_ _289\"> </span> 4,239,210 <span class=\"_ _a0\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _213\"> </span></span> 9,21<span class=\"_ _5\"/>6,937 Loss pro<span class=\"_ _5\"/>visions<span class=\"_ _1bb\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _170\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _cd\"> </span></span> (24,228)<span class=\"_ _dd\"> </span> (2<span class=\"_ _5\"/>4,228)<span class=\"_ _71\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _76\"> </span> - <span class=\"_ _ae\"> </span></span> (26<span class=\"_ _6\"/>,092)<span class=\"_ _dd\"> </span> (2<span class=\"_ _5\"/>6<span class=\"_ _6\"/>,092)Expected Credit<span class=\"_ _5\"/> Loss allowance<span class=\"_ _28a\"> </span> (8<span class=\"_ _6\"/>3)<span class=\"_ _71\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _170\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _252\"> </span></span> (8<span class=\"_ _6\"/>3)<span class=\"_ _e5\"> </span><span class=\"ls9d ws1\"> (530)<span class=\"_ _71\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _57\"> </span> - <span class=\"_ _e3\"> </span></span> (530)</span>Billings to da<span class=\"_ _5\"/>te<span class=\"_ _c3\"> </span> (5,762,592<span class=\"_ _5\"/>)<span class=\"_ _65\"> </span> (5,792,735)<span class=\"_ _18a\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _65\"> </span></span> (1<span class=\"_ _5\"/>1,555,3<span class=\"_ _5\"/>27)<span class=\"_ _65\"> </span><span class=\"ws1\"> (4,476,929)<span class=\"_ _65\"> </span> (4,6<span class=\"_ _5\"/>19,997)<span class=\"_ _71\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _200\"> </span></span> (9,0<span class=\"_ _6\"/>96<span class=\"_ _6\"/>,926)</span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _23e\"> </span><span class=\"ls9d wsac\">6<span class=\"_ _6\"/>4<span class=\"_ _6\"/>4,8<span class=\"_ _6\"/>59<span class=\"_ _13a\"> </span>(4<span class=\"_ _6\"/>81,872)<span class=\"_ _147\"> </span>(24,228)<span class=\"_ _dd\"> </span>138,759<span class=\"_ _68\"> </span>50<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,26<span class=\"_ _6\"/>8<span class=\"_ _62\"> </span>(3<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0,787)<span class=\"_ _68\"> </span>(26,0<span class=\"_ _6\"/>92)<span class=\"_ _9e\"> </span>93<span class=\"_ _6\"/>,38<span class=\"_ _6\"/>9</span>Advances r<span class=\"_ _5\"/>eceived and re<span class=\"_ _5\"/>tentions hel<span class=\"_ _5\"/>d by clients r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ted as part o<span class=\"_ _5\"/>f Con<span class=\"_ _5\"/>tract assets and liabilities amoun<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Amount o<span class=\"_ _5\"/>f advanc<span class=\"_ _5\"/>es received<span class=\"_ _73\"> </span><span class=\"lsfa ws43\"> 423<span class=\"_ _6\"/> <span class=\"_ _109\"> </span><span class=\"lsf1 ws166\"> 363<span class=\"_ _6\"/> </span></span>Amount o<span class=\"_ _5\"/>f ret<span class=\"_ _5\"/>entions held by<span class=\"_ _5\"/> clients<span class=\"_ _28b\"> </span><span class=\"fc5 ls3\"> </span><span class=\"ls10d ws12b\">3,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>07 <span class=\"_ _8d\"> </span><span class=\"lsfb ws134\"> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>14<span class=\"_ _6\"/> </span></span>Advances r<span class=\"_ _5\"/>eceived rela<span class=\"_ _5\"/>te <span class=\"_ _5\"/>to adv<span class=\"_ _5\"/>ance paymen<span class=\"_ _5\"/>ts received <span class=\"_ _5\"/>from clients on projects no<span class=\"_ _5\"/>t y<span class=\"_ _5\"/>et started.<span class=\"_ _0\"/> Reten<span class=\"_ _5\"/>tions rela<span class=\"_ _5\"/>te t<span class=\"_ _5\"/>o amounts re<span class=\"_ _5\"/>tained by clients <span class=\"_ _5\"/>which will be paid <span class=\"_ _5\"/>to the C<span class=\"_ _5\"/>ompany a<span class=\"_ _5\"/>fter succ<span class=\"_ _5\"/>essful comple<span class=\"_ _5\"/>tion of <span class=\"_ _5\"/>the contr<span class=\"_ _5\"/>act.<span class=\"_ _5\"/> The outstanding r<span class=\"_ _5\"/>eten<span class=\"_ _5\"/>tions recognized as part o<span class=\"_ _5\"/>f the C<span class=\"_ _5\"/>ontract<span class=\"_ _5\"/> assets and liabilities are expect<span class=\"_ _5\"/>ed to be coll<span class=\"_ _5\"/>ected within a y<span class=\"_ _5\"/>ear; an amount o<span class=\"_ _5\"/>f \u20ac1<span class=\"_ _5\"/>.6 million (202<span class=\"_ _b\"/>1: \u20ac2<span class=\"_ _5\"/>.1 million) of<span class=\"_ _5\"/> ret<span class=\"_ _5\"/>entions hav<span class=\"_ _5\"/>e been recognized as <span class=\"_ _b\"/>\u2018Other non-current asse<span class=\"_ _5\"/>ts\u2019<span class=\"_ _b\"/> (see note 2<span class=\"_ _5\"/>0).Expected Credit<span class=\"_ _5\"/> Loss all<span class=\"_ _5\"/>owanceThe Expected Credit<span class=\"_ _5\"/> Loss all<span class=\"_ _5\"/>owance de<span class=\"_ _5\"/>veloped as <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>ows:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Balance a<span class=\"_ _5\"/>t 1 January <span class=\"_ _1ba\"> </span> 1,459<span class=\"_ _6\"/> <span class=\"_ _ff\"> </span><span class=\"ls15c ws18c\"> 39 </span>Remeasuremen<span class=\"_ _5\"/>t Expected Credit L<span class=\"_ _5\"/>oss<span class=\"_ _207\"> </span> (1<span class=\"_ _5\"/>,37<span class=\"_ _5\"/>6)<span class=\"_ _19a\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>42<span class=\"_ _6\"/>0<span class=\"_ _6\"/> </span>Balance a<span class=\"_ _5\"/>t 31 December <span class=\"_ _1ed\"> </span><span class=\"lsb7 ws12f\"> 83 <span class=\"_ _8d\"> </span></span> 1,459 23 <span class=\"_ _2\"> </span>A<span class=\"_ _6\"/>ssets classified as held <span class=\"_ _5\"/>for<span class=\"_ _5\"/> saleIn accor<span class=\"_ _5\"/>dance with IFRS 5,<span class=\"_ _b\"/> non-current assets and disposal gr<span class=\"_ _5\"/>oups are classified as <span class=\"_ _5\"/>\u2018held f<span class=\"_ _5\"/>or sale<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> when the f<span class=\"_ _5\"/>ollowing criteria are me<span class=\"_ _5\"/>t:\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">Management is c<span class=\"_ _5\"/>ommitted t<span class=\"_ _5\"/>o a plan to sel<span class=\"_ _5\"/>l</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">The asset is a<span class=\"_ _5\"/>vailable f<span class=\"_ _5\"/>or immediat<span class=\"_ _5\"/>e sale</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">An active program <span class=\"_ _5\"/>to loca<span class=\"_ _5\"/>te a buyer<span class=\"_ _5\"/> is initiated</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">The sale is highl<span class=\"_ _5\"/>y probable <span class=\"_ _5\"/>within twel<span class=\"_ _5\"/>ve months o<span class=\"_ _5\"/>f classification as hel<span class=\"_ _5\"/>d for<span class=\"_ _5\"/> sale</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">The asset is being activel<span class=\"_ _b\"/>y market<span class=\"_ _5\"/>ed for<span class=\"_ _5\"/> sale a<span class=\"_ _5\"/>t a sales price r<span class=\"_ _5\"/>easonable in rela<span class=\"_ _5\"/>tion to its <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">Actions required t<span class=\"_ _5\"/>o complet<span class=\"_ _5\"/>e the plan indicat<span class=\"_ _5\"/>e that<span class=\"_ _5\"/> it is unlikel<span class=\"_ _b\"/>y that<span class=\"_ _5\"/> plan will be significantl<span class=\"_ _b\"/>y changed or withdra<span class=\"_ _5\"/>wn</span>Immediat<span class=\"_ _5\"/>ely<span class=\"_ _5\"/> prior t<span class=\"_ _5\"/>o classification as held f<span class=\"_ _5\"/>or sale<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the assets or<span class=\"_ _5\"/> groups of asse<span class=\"_ _5\"/>ts are measured at<span class=\"_ _5\"/> carrying value<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Subsequentl<span class=\"_ _5\"/>y<span class=\"_ _5\"/>,<span class=\"_ _5\"/> assets and disposal gr<span class=\"_ _5\"/>oups classified as held for<span class=\"_ _5\"/> sale are v<span class=\"_ _5\"/>alued at<span class=\"_ _5\"/> the low<span class=\"_ _5\"/>er of<span class=\"_ _5\"/> book va<span class=\"_ _5\"/>lue or f<span class=\"_ _5\"/>air va<span class=\"_ _5\"/>lue less disposal cos<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> Assets held <span class=\"_ _5\"/>for sal<span class=\"_ _5\"/>e are not<span class=\"_ _5\"/> depreciat<span class=\"_ _5\"/>ed.A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> non-<span class=\"_ _6\"/>current<span class=\"_ _5\"/> assets and disposal groups <span class=\"_ _5\"/>that mee<span class=\"_ _5\"/>t the crit<span class=\"_ _5\"/>eria of<span class=\"_ _5\"/> Asset hel<span class=\"_ _5\"/>d for<span class=\"_ _5\"/> sale amount <span class=\"_ _5\"/>to nil (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac0.1 million).<span class=\"_ _5\"/> 24 <span class=\"_ _2\"> </span>Other curren<span class=\"_ _5\"/>t assetsOther curren<span class=\"_ _5\"/>t assets are initial<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> recognized a<span class=\"_ _5\"/>t fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue plus any directl<span class=\"_ _5\"/>y a<span class=\"_ _5\"/>ttributable transaction cos<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> Subsequentl<span class=\"_ _5\"/>y these assets are held a<span class=\"_ _5\"/>t amortized cost,<span class=\"_ _b\"/> using the eff<span class=\"_ _5\"/>ective interes<span class=\"_ _5\"/>t method and net<span class=\"_ _5\"/> of any<span class=\"_ _5\"/> impairment losses.In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Other rec<span class=\"_ _5\"/>eivables<span class=\"_ _28c\"> </span><span class=\"lsef ws11c\"> 16<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>7<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _71\"> </span> 16<span class=\"_ _6\"/>,<span class=\"_ _6\"/>70<span class=\"_ _6\"/>3<span class=\"_ _6\"/> </span>Prepaid expenses<span class=\"_ _1a7\"> </span><span class=\"ls119 ws17c\"> 57<span class=\"_ _b\"/>,28<span class=\"_ _6\"/>4 <span class=\"_ _71\"> </span><span class=\"ls110 ws15f\"> 39,8<span class=\"_ _6\"/>81<span class=\"_ _6\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _288\"> </span> 73,9<span class=\"_ _6\"/>56 <span class=\"_ _29\"> </span> 5<span class=\"_ _6\"/>6,58<span class=\"_ _6\"/>4 Other rec<span class=\"_ _5\"/>eivables are non-<span class=\"_ _5\"/>trade rec<span class=\"_ _5\"/>eivables and include<span class=\"_ _5\"/>,<span class=\"_ _b\"/> among others,<span class=\"_ _b\"/> deposits,<span class=\"_ _5\"/> claims t<span class=\"_ _5\"/>o be received,<span class=\"_ _b\"/> int<span class=\"_ _5\"/>erest <span class=\"_ _5\"/>to be rec<span class=\"_ _5\"/>eived and short-t<span class=\"_ _5\"/>erm loans/<span class=\"_ _b\"/>prepayments <span class=\"_ _5\"/>to personnel.<span class=\"_ _b\"/> Prepaid expenses mainl<span class=\"_ _b\"/>y include prepa<span class=\"_ _5\"/>yments of<span class=\"_ _5\"/> IT service contr<span class=\"_ _5\"/>acts,<span class=\"_ _5\"/> rent<span class=\"_ _5\"/> and insurances.<span class=\"_ _b\"/> The y<span class=\"_ _5\"/>ear 202<span class=\"_ _5\"/>2 was impacted b<span class=\"_ _5\"/>y prepa<span class=\"_ _5\"/>yments on mul<span class=\"_ _5\"/>ti-y<span class=\"_ _5\"/>ear softwar<span class=\"_ _5\"/>e licenses.25 <span class=\"_ _2\"> </span>Cash and cash equival<span class=\"_ _5\"/>entsCash and cash equivalen<span class=\"_ _5\"/>ts comprise cash balances and ca<span class=\"_ _5\"/>ll deposits maturing within <span class=\"_ _5\"/>three months fr<span class=\"_ _5\"/>om the acquisition dat<span class=\"_ _5\"/>e and used by the C<span class=\"_ _5\"/>ompany in managing its short-<span class=\"_ _5\"/>term commitments.<span class=\"_ _b\"/> For<span class=\"_ _5\"/> cash flow r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting purposes bank overdr<span class=\"_ _5\"/>afts are included in Cash and cash equiva<span class=\"_ _5\"/>lents.Cash and cash equival<span class=\"_ _5\"/>ents at<span class=\"_ _5\"/> the balance shee<span class=\"_ _5\"/>t da<span class=\"_ _5\"/>te can be specified as below<span class=\"_ _0\"/>.In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Bank and cash<span class=\"_ _18e\"> </span> 240<span class=\"_ _6\"/>,256 <span class=\"_ _d6\"> </span><span class=\"lsfa ws43\"> 32<span class=\"_ _6\"/>2,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>42 </span>Deposits<span class=\"_ _1d8\"> </span><span class=\"ls100 ws16d\"> 32,498<span class=\"_ _6\"/> <span class=\"_ _a0\"> </span><span class=\"ls12d ws116\"> 2<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,<span class=\"_ _6\"/>161<span class=\"_ _6\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _73\"> </span><span class=\"ls117 ws12a\"> 272<span class=\"_ _6\"/>,<span class=\"_ _6\"/>75<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _db\"> </span><span class=\"lsfc ws11b\"> 3<span class=\"_ _6\"/>51,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>3<span class=\"_ _6\"/> </span></span>Bank ov<span class=\"_ _5\"/>erdrafts used f<span class=\"_ _5\"/>or cash management<span class=\"_ _5\"/> purposes<span class=\"_ _1a\"> </span><span class=\"ls10f ws129\"> (15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>6<span class=\"_ _6\"/>)<span class=\"_ _133\"> </span><span class=\"ls111 ws20\"> (<span class=\"_ _6\"/>9<span class=\"_ _6\"/>1)</span></span>Cash and cash equivalen<span class=\"_ _5\"/>ts less bank ov<span class=\"_ _5\"/>erdraft<span class=\"_ _be\"> </span> 257<span class=\"_ _5\"/>,598<span class=\"_ _6\"/> <span class=\"_ _d6\"> </span><span class=\"ls3 ws137\"> 350,9<span class=\"_ _5\"/>12 </span>The av<span class=\"_ _5\"/>erage eff<span class=\"_ _5\"/>ective inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te earned on cash during 20<span class=\"_ _5\"/>22 was 1<span class=\"_ _b\"/>.5% (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 0.3%).<span class=\"_ _b\"/> At<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 202<span class=\"_ _5\"/>2,<span class=\"_ _5\"/> \u20ac24<span class=\"_ _5\"/>3.2 million o<span class=\"_ _5\"/>f Cash and cash equival<span class=\"_ _5\"/>ents was <span class=\"_ _5\"/>freel<span class=\"_ _5\"/>y a<span class=\"_ _5\"/>vailable (202<span class=\"_ _b\"/>1: \u20ac3<span class=\"_ _5\"/>20.6 million).Restrict<span class=\"_ _5\"/>ed cash amounting t<span class=\"_ _5\"/>o \u20ac29.6 million is c<span class=\"_ _5\"/>omposed of cash ba<span class=\"_ _5\"/>lances mainl<span class=\"_ _5\"/>y held in China and Middle East (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac30.4 million).<span class=\"_ _5\"/> The Group has c<span class=\"_ _5\"/>ontrol ov<span class=\"_ _5\"/>er these ba<span class=\"_ _5\"/>lances; howev<span class=\"_ _5\"/>er<span class=\"_ _0\"/>,<span class=\"_ _5\"/> repatria<span class=\"_ _5\"/>tion may<span class=\"_ _5\"/> be limited due t<span class=\"_ _5\"/>o restrictive loca<span class=\"_ _5\"/>l regulat<span class=\"_ _5\"/>ory and judicial requiremen<span class=\"_ _5\"/>ts or high cos<span class=\"_ _5\"/>ts invol<span class=\"_ _5\"/>ved.<span class=\"_ _b\"/> As a resul<span class=\"_ _5\"/>t,<span class=\"_ _5\"/> the cash balances o<span class=\"_ _5\"/>f some coun<span class=\"_ _5\"/>tries cannot be <span class=\"_ _5\"/>full<span class=\"_ _5\"/>y included in <span class=\"_ _5\"/>the global cash pooling or liquidity<span class=\"_ _5\"/> enhancement structures.<span class=\"_ _b\"/> In line with industry pra<span class=\"_ _5\"/>ctice,<span class=\"_ _b\"/> the Company<span class=\"_ _5\"/> considers cash outside o<span class=\"_ _5\"/>f global cash pooling or liquidity enhancemen<span class=\"_ _5\"/>t structures <span class=\"_ _5\"/>to be res<span class=\"_ _5\"/>tricted if the Gr<span class=\"_ _5\"/>oup is unable t<span class=\"_ _5\"/>o repatria<span class=\"_ _b\"/>te cash within a defined period via either<span class=\"_ _5\"/> dividends,<span class=\"_ _5\"/> int<span class=\"_ _5\"/>ercompany<span class=\"_ _5\"/> loans or settl<span class=\"_ _5\"/>ement o<span class=\"_ _5\"/>f int<span class=\"_ _5\"/>ercompan<span class=\"_ _5\"/>y invoic<span class=\"_ _5\"/>es.<span class=\"_ _5\"/> A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the cash balance o<span class=\"_ _5\"/>f the cap<span class=\"_ _5\"/>tive insuranc<span class=\"_ _5\"/>e company named <span class=\"_ _5\"/>White R<span class=\"_ _5\"/>ock Insurance (Netherlands) Pc<span class=\"_ _5\"/>c Limited w<span class=\"_ _5\"/>as \u20ac19<span class=\"_ _5\"/>.7 million (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _b\"/>5.6 million).A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> Cash and cash equivalents and Bank<span class=\"_ _5\"/> overdr<span class=\"_ _5\"/>afts have no<span class=\"_ _b\"/>t been offset (2<span class=\"_ _5\"/>021<span class=\"_ _b\"/>: nil).<span class=\"_ _5\"/> <span class=\"ls3\"> </span>The bank ov<span class=\"_ _5\"/>erdraft a<span class=\"_ _b\"/>t 31 Dec<span class=\"_ _5\"/>ember 2022 o<span class=\"_ _5\"/>f \u20ac1<span class=\"_ _b\"/>5.2 million is mainly<span class=\"_ _5\"/> within DPS Group<span class=\"_ _5\"/>.26 <span class=\"_ _2\"> </span>Equity a<span class=\"_ _b\"/>ttributable t<span class=\"_ _b\"/>o equity holdersShare capitalOrdinary shares are classified as equity<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Incremental c<span class=\"_ _5\"/>osts directly<span class=\"_ _5\"/> attributable <span class=\"_ _5\"/>to the issuance o<span class=\"_ _5\"/>f ordinary shares and rights t<span class=\"_ _5\"/>o acquire shar<span class=\"_ _5\"/>es are recognized as a deduction o<span class=\"_ _5\"/>f equity<span class=\"_ _b\"/>, ne<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> any tax e<span class=\"_ _5\"/>ffects.Priority shares and pr<span class=\"_ _5\"/>eferenc<span class=\"_ _5\"/>e shares are classified as equity since <span class=\"_ _5\"/>these are non-redeemable,<span class=\"_ _0\"/> or only r<span class=\"_ _5\"/>edeemable at<span class=\"_ _5\"/> the Company\u2019s op<span class=\"_ _5\"/>tion.<span class=\"_ _5\"/> Dividends on these shares ar<span class=\"_ _5\"/>e recognized as distributions <span class=\"_ _5\"/>within equity<span class=\"_ _5\"/>.Repurchase o<span class=\"_ _5\"/>f sharesWhen share capital is repur<span class=\"_ _5\"/>chased,<span class=\"_ _5\"/> the consider<span class=\"_ _5\"/>ation paid,<span class=\"_ _b\"/> including directly a<span class=\"_ _5\"/>ttributable costs ne<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> any tax e<span class=\"_ _5\"/>ffects,<span class=\"_ _5\"/> is deducted fr<span class=\"_ _5\"/>om equity<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Repurchased shares (tr<span class=\"_ _5\"/>easury shares) are present<span class=\"_ _5\"/>ed as a deduction from t<span class=\"_ _5\"/>otal equity<span class=\"_ _b\"/>.<span class=\"_ _5\"/> When treasury shares are sol<span class=\"_ _5\"/>d or reissued,<span class=\"_ _b\"/> subsequently<span class=\"_ _5\"/> any amount<span class=\"_ _5\"/> received is rec<span class=\"_ _5\"/>ognized as an increase in equity<span class=\"_ _b\"/>,<span class=\"_ _5\"/> and the resul<span class=\"_ _5\"/>ting surplus or deficit on <span class=\"_ _5\"/>the transaction is <span class=\"_ _5\"/>transferr<span class=\"_ _5\"/>ed to<span class=\"_ _5\"/>/from retained earnings.DividendsDividends are recogniz<span class=\"_ _5\"/>ed as a liability in the period in <span class=\"_ _5\"/>which they ar<span class=\"_ _5\"/>e declared.Authorized<span class=\"ls3 ws1\"> </span>Issued and <span class=\"_ _9\"/><span class=\"ls3\"> </span>Number of<span class=\"_ _5\"/> sharesshare capitalpaid-up capital2022 Ordinary shares (1<span class=\"_ _5\"/>20,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0, nomina<span class=\"_ _5\"/>l value \u20ac0.02<span class=\"_ _5\"/>)<span class=\"_ _153\"> </span><span class=\"lsf4 ws162\"> 2<span class=\"_ _b\"/>,400<span class=\"_ _b\"/>,000 <span class=\"_ _a8\"> </span><span class=\"ls13b ws198\"> 1<span class=\"_ _5\"/>,808,<span class=\"_ _5\"/>84<span class=\"_ _5\"/>2 </span></span>Cumulative pr<span class=\"_ _5\"/>eferred (pr<span class=\"_ _5\"/>otective) shar<span class=\"_ _5\"/>es (150,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0,<span class=\"_ _5\"/> nominal val<span class=\"_ _5\"/>ue \u20ac0.02)<span class=\"_ _27a\"> </span><span class=\"lsf4 ws162\"> 3,<span class=\"_ _b\"/>000,000<span class=\"_ _b\"/> <span class=\"_ _188\"> </span><span class=\"ls14a ws137\"> - </span></span>Cumulative <span class=\"_ _5\"/>financing preferr<span class=\"_ _5\"/>ed shares (30,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0,<span class=\"_ _5\"/> nominal va<span class=\"_ _5\"/>lue \u20ac0.02)<span class=\"_ _40\"> </span><span class=\"lsf4 ws162\"> 600<span class=\"_ _5\"/>,000<span class=\"_ _5\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - </span></span>Priority shares (60<span class=\"_ _6\"/>0,<span class=\"_ _5\"/> nominal va<span class=\"_ _5\"/>lue \u20ac0.02)<span class=\"_ _185\"> </span><span class=\"lsf9 ws178\"> 12<span class=\"_ _6\"/> <span class=\"_ _193\"> </span> 12<span class=\"_ _7\"/> </span>T<span class=\"_ _b\"/>otal as at<span class=\"_ _5\"/> 31 December<span class=\"_ _179\"> </span> 6,00<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,012 <span class=\"_ _a9\"> </span> 1,8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>8,8<span class=\"_ _6\"/>54 The devel<span class=\"_ _5\"/>opment o<span class=\"_ _5\"/>f the number<span class=\"_ _5\"/> of shar<span class=\"_ _5\"/>es issued/<span class=\"_ _5\"/>outstanding during 202<span class=\"_ _b\"/>1 and 2020 are presen<span class=\"_ _5\"/>ted in the table belo<span class=\"_ _5\"/>w<span class=\"_ _5\"/>.Ordinary <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Priority <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>T<span class=\"_ _b\"/>reasur<span class=\"_ _6\"/>y <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>T<span class=\"_ _b\"/>otal issued<span class=\"ls3\"> </span>Number of<span class=\"_ _5\"/> sharessharessharesstocksharesAt<span class=\"_ _5\"/> 1 January 2021 <span class=\"_ _e\"> </span> 90<span class=\"_ _6\"/>,1<span class=\"_ _5\"/>18,714 <span class=\"_ _101\"> </span> 6<span class=\"_ _6\"/>00 <span class=\"_ _d6\"> </span><span class=\"ls10d ws10d\"> 32<span class=\"_ _6\"/>3,<span class=\"_ _6\"/>377<span class=\"_ _6\"/> <span class=\"_ _aa\"> </span></span> 9<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,442<span class=\"_ _6\"/>,691Shares issued (st<span class=\"_ _5\"/>ock dividend)<span class=\"_ _28d\"> </span><span class=\"ls13d ws1ad\"> 6<span class=\"_ _5\"/>16,<span class=\"_ _5\"/>854 <span class=\"_ _176\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _3e\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _194\"> </span></span> 61<span class=\"_ _b\"/>6,854 </span>Shares cancell<span class=\"_ _5\"/>ed<span class=\"_ _162\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _db\"> </span></span><span class=\"ls3\"> (61<span class=\"_ _5\"/>6,8<span class=\"_ _6\"/>54)<span class=\"_ _39\"> </span> (616,854)</span>Repurchased shar<span class=\"_ _5\"/>es<span class=\"_ _146\"> </span> (2,31<span class=\"_ _5\"/>6,8<span class=\"_ _6\"/>30)<span class=\"_ _13d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _a5\"> </span></span> 2,316,830 <span class=\"_ _1bb\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span>Exercised shar<span class=\"_ _5\"/>es and options<span class=\"_ _13\"> </span> 590,<span class=\"_ _6\"/>501<span class=\"_ _6\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _de\"> </span></span> (590,5<span class=\"_ _6\"/>01<span class=\"_ _5\"/>)<span class=\"_ _20\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   </span>At<span class=\"_ _5\"/> 31 December 202<span class=\"_ _5\"/>1 <span class=\"_ _22\"> </span>8<span class=\"_ _6\"/>9,0<span class=\"_ _6\"/>09,239<span class=\"_ _102\"> </span><span class=\"ls81 ws137\">600<span class=\"_ _e4\"> </span></span><span class=\"wsac\">1,432,852<span class=\"_ _b3\"> </span>9<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,442<span class=\"_ _6\"/>,691</span>Shares issued (st<span class=\"_ _5\"/>ock dividend)<span class=\"_ _236\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   </span>Shares cancell<span class=\"_ _5\"/>ed<span class=\"_ _162\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   </span>Repurchased shar<span class=\"_ _5\"/>es<span class=\"_ _16\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   </span>Exercised shar<span class=\"_ _5\"/>es and options<span class=\"_ _15d\"> </span>563<span class=\"_ _6\"/>,335<span class=\"_ _9a\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _37\"> </span></span><span class=\"wsac\">(563,335)<span class=\"_ _13d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span></span>At<span class=\"_ _5\"/> 31 December 2022 <span class=\"_ _1b1\"> </span>8<span class=\"_ _6\"/>9,572<span class=\"_ _6\"/>,<span class=\"_ _6\"/>57<span class=\"_ _5\"/>4<span class=\"_ _102\"> </span>600<span class=\"_ _29\"> </span><span class=\"ls14d ws1a5\">8<span class=\"_ _6\"/>6<span class=\"_ _7\"/>9<span class=\"_ _6\"/>,<span class=\"_ _6\"/>517<span class=\"_ _a9\"> </span><span class=\"ls9d wsac\">9<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,442<span class=\"_ _6\"/>,691</span></span>Priority shar<span class=\"_ _5\"/>esT<span class=\"_ _b\"/>ota<span class=\"_ _5\"/>l number of<span class=\"_ _5\"/> outstanding priority shares a<span class=\"_ _b\"/>t 31 Dec<span class=\"_ _5\"/>ember 2022 is <span class=\"ls174 ws62\">600</span> (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 6<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0).<span class=\"_ _b\"/> In 2022,<span class=\"_ _0\"/> no preferred (pro<span class=\"_ _5\"/>tective) shares or<span class=\"_ _5\"/> financing pref<span class=\"_ _5\"/>erence shares <span class=\"_ _5\"/>were issued or<span class=\"_ _5\"/> outstanding.The priority shares ha<span class=\"_ _b\"/>ve been issued since 1987 and ar<span class=\"_ _5\"/>e all held b<span class=\"_ _5\"/>y Stich<span class=\"_ _5\"/>ting Prioriteit <span class=\"_ _5\"/>Arcadis NV; a founda<span class=\"_ _5\"/>tion with its corpor<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e seat in <span class=\"_ _5\"/>Arnhem.<span class=\"_ _b\"/> Special rights under <span class=\"_ _5\"/>the Articles of <span class=\"_ _5\"/>Association of<span class=\"_ _5\"/> Arca<span class=\"_ _5\"/>dis NV linked <span class=\"_ _5\"/>to these priority<span class=\"_ _5\"/> shares conc<span class=\"_ _5\"/>ern decision making relat<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o,<span class=\"_ _b\"/> among others:\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">The issuance,<span class=\"_ _0\"/> acquisition and disposal o<span class=\"_ _5\"/>f shares in <span class=\"_ _5\"/>the Company;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6 ws2a\">Amendments t<span class=\"_ _5\"/>o the Ar<span class=\"_ _6\"/>ticles of<span class=\"_ _5\"/> A<span class=\"_ _6\"/>ssociation;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">The dissolution o<span class=\"_ _5\"/>f the C<span class=\"_ _5\"/>ompany and the <span class=\"_ _5\"/>filing for<span class=\"_ _5\"/> bankrupt<span class=\"_ _5\"/>cy;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">The entry int<span class=\"_ _5\"/>o or t<span class=\"_ _5\"/>ermination o<span class=\"_ _5\"/>f long-<span class=\"_ _5\"/>term cooper<span class=\"_ _5\"/>ative <span class=\"_ _5\"/>ventures o<span class=\"_ _b\"/>f substantial significance; and</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Inves<span class=\"_ _5\"/>tments (including ent<span class=\"_ _5\"/>ering int<span class=\"_ _5\"/>o par<span class=\"_ _6\"/>ticipations) <span class=\"_ _5\"/>for an amoun<span class=\"_ _5\"/>t equal <span class=\"_ _5\"/>to a<span class=\"_ _5\"/>t least<span class=\"_ _5\"/> 25% o<span class=\"_ _5\"/>f the </span>shareholders<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> equity<span class=\"_ _5\"/>.Pursuant <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the ar<span class=\"_ _6\"/>ticles o<span class=\"_ _5\"/>f association o<span class=\"_ _5\"/>f the Priority<span class=\"_ _5\"/> Founda<span class=\"_ _b\"/>tion,<span class=\"_ _5\"/> the Board o<span class=\"_ _5\"/>f the S<span class=\"_ _5\"/>tichting Prioriteit<span class=\"_ _5\"/> Arcadis NV consists o<span class=\"_ _5\"/>f tw<span class=\"_ _5\"/>enty (20<span class=\"_ _5\"/>) board members (with seven (7) <span class=\"_ _5\"/>vacancies a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22):  se<span class=\"_ _5\"/>ven (7) members of Arcadis<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> Super<span class=\"_ _6\"/>visor<span class=\"_ _6\"/>y Board,<span class=\"_ _b\"/> two (2<span class=\"_ _b\"/>) members of <span class=\"_ _5\"/>Arcadis\u2019<span class=\"_ _0\"/> Executive Board,<span class=\"_ _0\"/> one (1) member<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the Executive Leadership <span class=\"_ _5\"/>T<span class=\"_ _b\"/>eam and all <span class=\"_ _5\"/>ten (1<span class=\"_ _5\"/>0) members from <span class=\"_ _5\"/>the Board of<span class=\"_ _5\"/> Stichting Bell<span class=\"_ _5\"/>evue (a f<span class=\"_ _5\"/>oundation sea<span class=\"_ _5\"/>ted in Amst<span class=\"_ _5\"/>erdam,<span class=\"_ _b\"/> whose board members are appoin<span class=\"_ _5\"/>ted by<span class=\"_ _5\"/> and from the in<span class=\"_ _5\"/>terna<span class=\"_ _5\"/>tional employ<span class=\"_ _5\"/>ees of <span class=\"_ _5\"/>the Group).Cumulativ<span class=\"_ _5\"/>e Pref<span class=\"_ _5\"/>erred (Pro<span class=\"_ _5\"/>tective) Shar<span class=\"_ _5\"/>esCurrentl<span class=\"_ _b\"/>y no cumulative pr<span class=\"_ _5\"/>eferr<span class=\"_ _5\"/>ed (prot<span class=\"_ _5\"/>ective) shares ha<span class=\"_ _5\"/>ve been issued.<span class=\"_ _b\"/> However<span class=\"_ _3\"/>,<span class=\"_ _5\"/> an option agr<span class=\"_ _5\"/>eement t<span class=\"_ _b\"/>o<span class=\"_ _6\"/> acquir<span class=\"_ _5\"/>e such shares has been ent<span class=\"_ _5\"/>ered int<span class=\"_ _5\"/>o between Stich<span class=\"_ _5\"/>ting Pref<span class=\"_ _5\"/>erent<span class=\"_ _5\"/>e Aandelen Ar<span class=\"_ _5\"/>cadis NV (the <span class=\"_ _0\"/>\u2018Preferred St<span class=\"_ _5\"/>ock F<span class=\"_ _5\"/>oundation<span class=\"_ _5\"/>\u2019) and Arca<span class=\"_ _5\"/>dis NV under <span class=\"_ _5\"/>that a<span class=\"_ _5\"/>greement.<span class=\"_ _b\"/> The Pre<span class=\"_ _5\"/>ferred S<span class=\"_ _5\"/>tock F<span class=\"_ _b\"/>oundation has been grant<span class=\"_ _5\"/>ed the right <span class=\"_ _5\"/>to ac<span class=\"_ _5\"/>quire pro<span class=\"_ _5\"/>tective shares up <span class=\"_ _5\"/>to a maximum equal <span class=\"_ _5\"/>to the number<span class=\"_ _5\"/> of<span class=\"_ _5\"/> outstanding shares a<span class=\"_ _5\"/>t the dat<span class=\"_ _5\"/>e in question (cal<span class=\"_ _5\"/>l option).The Board o<span class=\"_ _5\"/>f the Pre<span class=\"_ _5\"/>ferred S<span class=\"_ _5\"/>tock<span class=\"_ _5\"/> Founda<span class=\"_ _5\"/>tion consists o<span class=\"_ _5\"/>f thr<span class=\"_ _5\"/>ee (3) members appoint<span class=\"_ _b\"/>ed by the Board itsel<span class=\"_ _5\"/>f<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The Chairman (or ano<span class=\"_ _5\"/>ther member) of<span class=\"_ _5\"/> the Supervisor<span class=\"_ _6\"/>y Board and <span class=\"_ _5\"/>the CEO (or the o<span class=\"_ _5\"/>ther member<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the Executiv<span class=\"_ _5\"/>e Board) will be in<span class=\"_ _5\"/>vited t<span class=\"_ _b\"/>o attend <span class=\"_ _5\"/>the board meetings o<span class=\"_ _5\"/>f this <span class=\"_ _5\"/>founda<span class=\"_ _5\"/>tion.<span class=\"_ _5\"/> This wil<span class=\"_ _5\"/>l not<span class=\"_ _5\"/> apply<span class=\"_ _5\"/> if a decision is t<span class=\"_ _5\"/>o be made on the ex<span class=\"_ _b\"/>ercise of <span class=\"_ _5\"/>the option right<span class=\"_ _5\"/> or the e<span class=\"_ _5\"/>xercise o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>voting rights on a<span class=\"_ _5\"/>cquired shares.Cumulativ<span class=\"_ _5\"/>e financing pref<span class=\"_ _5\"/>erred sharesSince 2002,<span class=\"_ _b\"/> the Articles o<span class=\"_ _5\"/>f Association o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>Arcadis NV incl<span class=\"_ _5\"/>ude the possibility <span class=\"_ _5\"/>to issue cumula<span class=\"_ _5\"/>tive financing pref<span class=\"_ _5\"/>erred shares.<span class=\"_ _0\"/> Currentl<span class=\"_ _5\"/>y<span class=\"_ _5\"/>,<span class=\"_ _b\"/> no such shares have been issued.Agreements with sharehol<span class=\"_ _5\"/>dersThe Articles of<span class=\"_ _5\"/> Association o<span class=\"_ _5\"/>f Stich<span class=\"_ _5\"/>ting Lovinklaan stipula<span class=\"_ _b\"/>te tha<span class=\"_ _5\"/>t their<span class=\"_ _5\"/> Articles of <span class=\"_ _5\"/>Association cannot<span class=\"_ _5\"/> be amended without<span class=\"_ _5\"/> prior approv<span class=\"_ _5\"/>al of<span class=\"_ _5\"/> Stichting Priorit<span class=\"_ _5\"/>eit Ar<span class=\"_ _5\"/>cadis NV<span class=\"_ _b\"/>.<span class=\"_ _b\"/> In a separat<span class=\"_ _5\"/>e agreement<span class=\"_ _5\"/> between Stichting Priorit<span class=\"_ _b\"/>eit Arcadis NV<span class=\"_ _5\"/> and Stichting L<span class=\"_ _5\"/>ovinklaan it is stipula<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>that<span class=\"_ _5\"/> prior approv<span class=\"_ _5\"/>al of<span class=\"_ _5\"/> Stichting Prioriteit<span class=\"_ _5\"/> Arcadis NV<span class=\"_ _5\"/> is required <span class=\"_ _5\"/>for an<span class=\"_ _5\"/>y resol<span class=\"_ _5\"/>ution concerning the disposa<span class=\"_ _5\"/>l or trans<span class=\"_ _5\"/>fer<span class=\"_ _5\"/> of shar<span class=\"_ _5\"/>es in Arcadis NV if<span class=\"_ _b\"/>,<span class=\"_ _5\"/> as a resul<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f such resolution <span class=\"_ _5\"/>the number o<span class=\"_ _5\"/>f shares held b<span class=\"_ _5\"/>y Stichting L<span class=\"_ _5\"/>ovinklaan wil<span class=\"_ _5\"/>l drop below 1<span class=\"_ _b\"/>2,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0 (number of shar<span class=\"_ _5\"/>es held at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 2022<span class=\"_ _5\"/>: <span class=\"wsd9\">16,44<span class=\"_ _6\"/>4,9<span class=\"_ _6\"/>04<span class=\"ls31 ws2e\">)<span class=\"_ _6\"/>. </span></span>Issuance o<span class=\"_ _5\"/>f sharesThe General Mee<span class=\"_ _5\"/>ting decides,<span class=\"_ _5\"/> with <span class=\"_ _5\"/>the approva<span class=\"_ _5\"/>l of <span class=\"_ _5\"/>the Super<span class=\"_ _6\"/>visory Board and Stich<span class=\"_ _5\"/>ting Prioriteit <span class=\"_ _5\"/>Arcadis NV<span class=\"_ _0\"/>, about <span class=\"_ _5\"/>the issuance of<span class=\"_ _5\"/> shares or gran<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> rights t<span class=\"_ _5\"/>o acquir<span class=\"_ _5\"/>e shares.<span class=\"_ _b\"/> The General Meeting can a<span class=\"_ _5\"/>lso delegat<span class=\"_ _b\"/>e its<span class=\"_ _6\"/> authority <span class=\"_ _5\"/>to issue shares,<span class=\"_ _b\"/> or part ther<span class=\"_ _5\"/>eof<span class=\"_ _b\"/>,<span class=\"_ _b\"/> to the Ex<span class=\"_ _b\"/>ecutive Board.<span class=\"_ _b\"/> As long as any such delega<span class=\"_ _5\"/>tion stands,<span class=\"_ _b\"/> the General Mee<span class=\"_ _5\"/>ting cannot decide <span class=\"_ _5\"/>to issue<span class=\"_ _5\"/>.<span class=\"_ _5\"/> No shares w<span class=\"_ _5\"/>ere issued in 2022 (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 61<span class=\"_ _b\"/>6<span class=\"_ _6\"/>,854).Purchase o<span class=\"_ _5\"/>f sharesAs mandat<span class=\"_ _5\"/>ed by the Gener<span class=\"_ _5\"/>al Meeting o<span class=\"_ _5\"/>f Shareholders and <span class=\"_ _5\"/>with approv<span class=\"_ _5\"/>al from <span class=\"_ _5\"/>the Super<span class=\"_ _6\"/>visory Board and Stichting Priorit<span class=\"_ _b\"/>eit Arcadis NV<span class=\"_ _0\"/>,<span class=\"_ _b\"/> the Executive Boar<span class=\"_ _5\"/>d may pur<span class=\"_ _5\"/>chase full<span class=\"_ _b\"/>y paid-up shares in Arca<span class=\"_ _5\"/>dis NV<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The mandat<span class=\"_ _5\"/>e is not<span class=\"_ _5\"/> needed in case the shares are pur<span class=\"_ _5\"/>chased t<span class=\"_ _5\"/>o be transf<span class=\"_ _5\"/>erred t<span class=\"_ _5\"/>o employ<span class=\"_ _5\"/>ees and to <span class=\"_ _5\"/>fulfill commitments <span class=\"_ _5\"/>for s<span class=\"_ _5\"/>tock<span class=\"_ _5\"/> dividend.<span class=\"_ _5\"/> As a resul<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f its Long-<span class=\"_ _0\"/>T<span class=\"_ _b\"/>erm Incentive Plan(s) or<span class=\"_ _5\"/> relat<span class=\"_ _5\"/>ed arrangements,<span class=\"_ _b\"/> Arcadis needs <span class=\"_ _5\"/>to pro<span class=\"_ _5\"/>vide shares t<span class=\"_ _5\"/>o persons working <span class=\"_ _5\"/>for <span class=\"_ _5\"/>Arcadis.<span class=\"_ _b\"/> The int<span class=\"_ _b\"/>ention is to minimiz<span class=\"_ _5\"/>e dilution by purchasing (a portion of<span class=\"_ _6\"/>) the shares needed <span class=\"_ _5\"/>for<span class=\"_ _5\"/> such Long-<span class=\"_ _b\"/>T<span class=\"_ _b\"/>erm Incentive Plan(s) (or<span class=\"_ _5\"/> rela<span class=\"_ _5\"/>ted arrangemen<span class=\"_ _5\"/>ts),<span class=\"_ _5\"/> as opposed t<span class=\"_ _5\"/>o issuing new shares.<span class=\"_ _b\"/> The f<span class=\"_ _5\"/>ollowing numbers o<span class=\"_ _5\"/>f shares <span class=\"_ _5\"/>were r<span class=\"_ _5\"/>epurchased over<span class=\"_ _5\"/> the past <span class=\"_ _5\"/>five years:Number <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Price at<span class=\"_ _5\"/> time of<span class=\"ls3\"> </span>Y<span class=\"_ _b\"/>earof<span class=\"_ _5\"/> sharespurchase (in \u20ac)20<span class=\"_ _6\"/>18 <span class=\"_ _1eb\"> </span><span class=\"lsb7 ws12f\"> 58<span class=\"_ _6\"/>0,958 <span class=\"_ _bc\"> </span><span class=\"ls9d ws3c\">16.61 t<span class=\"_ _5\"/>o 20<span class=\"_ _6\"/>.06</span></span>20<span class=\"_ _6\"/>19<span class=\"_ _6\"/> <span class=\"_ _28e\"> </span><span class=\"lsf4 ws162\"> 85<span class=\"_ _5\"/>0,<span class=\"_ _b\"/>000 <span class=\"_ _14c\"> </span><span class=\"ls9d ws3c\">13.82 t<span class=\"_ _5\"/>o 17<span class=\"_ _0\"/>.59</span></span>2020 <span class=\"_ _28e\"> </span><span class=\"lsf3 ws194\"> 504,386 <span class=\"_ _114\"> </span><span class=\"ls9d ws3c\">1<span class=\"_ _5\"/>2.30 to 27<span class=\"_ _b\"/>.9<span class=\"_ _6\"/>6</span></span>20<span class=\"_ _6\"/>21 <span class=\"_ _20a\"> </span><span class=\"ls9d ws1\"> 2,31<span class=\"_ _5\"/>6,83<span class=\"_ _6\"/>0 <span class=\"_ _114\"> </span><span class=\"ws3c\">27<span class=\"_ _0\"/>.58 to 4<span class=\"_ _6\"/>0.24</span></span>2022<span class=\"_ _6\"/> <span class=\"_ _28f\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span><span class=\"ws137\"> - </span></span>The repurchased shar<span class=\"_ _5\"/>es are t<span class=\"_ _5\"/>o cover<span class=\"_ _5\"/> f<span class=\"_ _5\"/>or the <span class=\"_ _5\"/>vesting/<span class=\"_ _b\"/>exercise o<span class=\"_ _5\"/>f shares and op<span class=\"_ _5\"/>tions grant<span class=\"_ _5\"/>ed and commitment for<span class=\"_ _5\"/> stock<span class=\"_ _5\"/> dividend.<span class=\"_ _b\"/> The cash equivalen<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> the t<span class=\"_ _b\"/>emporar<span class=\"_ _6\"/>y repur<span class=\"_ _5\"/>chased shares are deducted <span class=\"_ _5\"/>from Retained earnings.Of <span class=\"_ _5\"/>the purchased shares,<span class=\"_ _b\"/> a to<span class=\"_ _b\"/>tal number of<span class=\"_ _5\"/> 563,335 has been pla<span class=\"_ _5\"/>ced back in <span class=\"_ _5\"/>the marke<span class=\"_ _5\"/>t through <span class=\"_ _5\"/>the exer<span class=\"_ _5\"/>cise of<span class=\"_ _5\"/> options in 20<span class=\"_ _5\"/>22 (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 590,501<span class=\"_ _5\"/>).<span class=\"_ _b\"/> Net proc<span class=\"_ _5\"/>eeds included in Retained earnings amoun<span class=\"_ _5\"/>ted t<span class=\"_ _b\"/>o \u20ac1.3 million (202<span class=\"_ _b\"/>1: \u20ac6.2 million).A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the number o<span class=\"_ _5\"/>f repurchased shar<span class=\"_ _5\"/>es in stock<span class=\"_ _5\"/> (treasury st<span class=\"_ _5\"/>ock) amounted <span class=\"_ _5\"/>to 869,5<span class=\"_ _b\"/>1<span class=\"_ _5\"/>7 <span class=\"ls3\"> </span>(202<span class=\"_ _b\"/>1: 1<span class=\"_ _b\"/>,432,852<span class=\"_ _b\"/>).The number o<span class=\"_ _5\"/>f outstanding ordinary shar<span class=\"_ _5\"/>es over <span class=\"_ _5\"/>the past <span class=\"_ _5\"/>five years dev<span class=\"_ _5\"/>eloped as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:Issued <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Repurchased<span class=\"ls3 ws1\"> </span>Reissued<span class=\"ls3 ws1\"> </span>Y<span class=\"_ _b\"/>ear<span class=\"_ _130\"> </span><span class=\"ff2 ws19d\">1 Januar<span class=\"_ _6\"/>y</span>sharessharesshares<span class=\"_ _cb\"> </span><span class=\"ws1\">31 December</span>20<span class=\"_ _6\"/>18 <span class=\"_ _290\"> </span><span class=\"ls9d ws1\"> 86<span class=\"_ _6\"/>,463,0<span class=\"_ _6\"/>58 <span class=\"_ _cd\"> </span> 1,608<span class=\"_ _6\"/>,09<span class=\"_ _6\"/>4 <span class=\"_ _b6\"> </span> (580,95<span class=\"_ _6\"/>8)<span class=\"_ _e5\"> </span><span class=\"lsee ws11e\"> 2<span class=\"_ _7\"/>21,<span class=\"_ _6\"/>13<span class=\"_ _6\"/>3<span class=\"_ _7\"/> <span class=\"_ _b0\"> </span></span> 87<span class=\"_ _b\"/>,71<span class=\"_ _5\"/>1,32<span class=\"_ _5\"/>7 </span>20<span class=\"_ _6\"/>19<span class=\"_ _6\"/> <span class=\"_ _82\"> </span><span class=\"ls9d ws1\"> 87<span class=\"_ _b\"/>,71<span class=\"_ _b\"/>1,327 <span class=\"_ _4e\"> </span> 1,42<span class=\"_ _5\"/>6<span class=\"_ _6\"/>,786 <span class=\"_ _aa\"> </span> (85<span class=\"_ _6\"/>0,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0)<span class=\"_ _b2\"> </span><span class=\"lsed ws163\"> 7<span class=\"_ _6\"/>5<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>11<span class=\"_ _6\"/>5<span class=\"_ _7\"/> <span class=\"_ _dd\"> </span></span> 89,045,228 </span>2020 <span class=\"_ _290\"> </span><span class=\"ls9d ws1\"> 89,045<span class=\"_ _6\"/>,228 <span class=\"_ _53\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _df\"> </span><span class=\"lsf3 ws194\"> (50<span class=\"_ _6\"/>4,386)<span class=\"_ _4e\"> </span></span></span> 1,577<span class=\"_ _b\"/>,872 <span class=\"_ _147\"> </span> 9<span class=\"_ _6\"/>0,1<span class=\"_ _5\"/>18,71<span class=\"_ _5\"/>4 </span>20<span class=\"_ _6\"/>21 <span class=\"_ _291\"> </span> 90<span class=\"_ _6\"/>,1<span class=\"_ _b\"/>18,714 <span class=\"_ _e5\"> </span> 6<span class=\"_ _5\"/>16,<span class=\"_ _5\"/>854 <span class=\"_ _b0\"> </span> (2,316,830)<span class=\"_ _df\"> </span><span class=\"ls6f ws13a\"> 59<span class=\"_ _6\"/>0,<span class=\"_ _6\"/>501<span class=\"_ _6\"/> <span class=\"_ _13a\"> </span><span class=\"lsf6 ws10f\"> 8<span class=\"_ _6\"/>9,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9,239 </span></span>2022<span class=\"_ _6\"/> <span class=\"_ _24e\"> </span> 89,0<span class=\"_ _7\"/>09,239<span class=\"_ _6\"/> <span class=\"_ _133\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _193\"> </span> - <span class=\"_ _d4\"> </span><span class=\"ls3e ws3a\">563<span class=\"_ _6\"/>,335<span class=\"_ _4e\"> </span><span class=\"ls119 ws136\">89,572,<span class=\"_ _6\"/>57<span class=\"_ _5\"/>4</span></span>Share premiumShare premium r<span class=\"_ _5\"/>epresents the pr<span class=\"_ _5\"/>emium paid in exc<span class=\"_ _5\"/>ess of <span class=\"_ _5\"/>the par v<span class=\"_ _5\"/>alue o<span class=\"_ _5\"/>f shares a<span class=\"_ _5\"/>t the <span class=\"_ _5\"/>time of<span class=\"_ _5\"/> the issuance of<span class=\"_ _5\"/> new shares or<span class=\"_ _5\"/> ex<span class=\"_ _5\"/>ercise of<span class=\"_ _5\"/> share options.T<span class=\"_ _b\"/>ranslation r<span class=\"_ _5\"/>eser<span class=\"_ _6\"/>veT<span class=\"_ _b\"/>ranslation reserve (a sta<span class=\"_ _b\"/>tutory reserve) comprises all <span class=\"_ _5\"/>foreign e<span class=\"_ _5\"/>xchange differ<span class=\"_ _5\"/>ences arising from <span class=\"_ _5\"/>the transla<span class=\"_ _5\"/>tion of the financial stat<span class=\"_ _b\"/>ements <span class=\"_ _6\"/>of<span class=\"_ _5\"/> foreign opera<span class=\"_ _5\"/>tions.<span class=\"_ _b\"/> <span class=\"_ _6\"/>\u20ac5.6 million was added to the T<span class=\"_ _0\"/>ranslation reserve in 2022 (2<span class=\"_ _5\"/>021<span class=\"_ _b\"/>: \u20ac62.8 million).Hedging reserveThe hedging reserve comprises the e<span class=\"_ _5\"/>ffective portion of <span class=\"_ _5\"/>the cumulative ne<span class=\"_ _5\"/>t change in fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> cash flow hedging instruments r<span class=\"_ _5\"/>elat<span class=\"_ _5\"/>ed to hedged <span class=\"_ _5\"/>transactions tha<span class=\"_ _5\"/>t ha<span class=\"_ _5\"/>ve not<span class=\"_ _5\"/> yet<span class=\"_ _5\"/> occurred.<span class=\"_ _0\"/> An amount o<span class=\"_ _5\"/>f \u20ac<span class=\"wsd9\">0.1</span> million was added <span class=\"_ _5\"/>to the Hedging r<span class=\"_ _5\"/>eserve in 2022 with nil <span class=\"_ _5\"/>tax effect on <span class=\"_ _5\"/>the same (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac0.5 million and \u20ac0.1 million tax,<span class=\"_ _5\"/> respectivel<span class=\"_ _5\"/>y).Re<span class=\"_ _5\"/>tained earningsThe Executiv<span class=\"_ _5\"/>e Board proposes,<span class=\"_ _b\"/> with the appr<span class=\"_ _5\"/>oval o<span class=\"_ _5\"/>f the Supervisory Board,<span class=\"_ _b\"/> which part of<span class=\"_ _5\"/> the pro<span class=\"_ _5\"/>fit shall be reserved.<span class=\"_ _b\"/> The remaining part of<span class=\"_ _5\"/> the pro<span class=\"_ _5\"/>fits shall be at<span class=\"_ _5\"/> the disposal o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the General Meeting o<span class=\"_ _5\"/>f Sharehol<span class=\"_ _5\"/>ders and may<span class=\"_ _5\"/> be distributed as dividend.<span class=\"_ _0\"/> The holder o<span class=\"_ _5\"/>f the priority<span class=\"_ _5\"/> shares is entitled <span class=\"_ _5\"/>to a dividend o<span class=\"_ _5\"/>f 5% o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the par val<span class=\"_ _5\"/>ue of <span class=\"_ _5\"/>the priority shares,<span class=\"_ _0\"/> prior to an<span class=\"_ _5\"/>y dividend distribution being made<span class=\"_ _5\"/>.<span class=\"_ _b\"/> On these shares no further distributions shal<span class=\"_ _5\"/>l be made.Pro<span class=\"_ _5\"/>fit alloca<span class=\"_ _5\"/>tionThe pro<span class=\"_ _5\"/>fit attributable <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the equity holders o<span class=\"_ _5\"/>f the C<span class=\"_ _5\"/>ompany ov<span class=\"_ _5\"/>er fiscal <span class=\"_ _5\"/>year 20<span class=\"_ _5\"/>22 amounts t<span class=\"_ _5\"/>o \u20ac<span class=\"wsd9\">1<span class=\"_ _5\"/>35.5 mil<span class=\"_ _5\"/>lion.<span class=\"_ _5\"/> </span>The Executiv<span class=\"_ _5\"/>e Board,<span class=\"_ _b\"/> with the appro<span class=\"_ _5\"/>val o<span class=\"_ _5\"/>f the Supervisory Board,<span class=\"_ _b\"/> proposes to deduct<span class=\"_ _5\"/> an amount o<span class=\"_ _5\"/>f \u20ac69.2 million fr<span class=\"_ _5\"/>om the retained earnings and <span class=\"_ _5\"/>to pr<span class=\"_ _5\"/>esent f<span class=\"_ _b\"/>or approva<span class=\"_ _5\"/>l to <span class=\"_ _5\"/>the General Meeting o<span class=\"_ _b\"/>f Shareholders its proposal <span class=\"_ _5\"/>to distribut<span class=\"_ _5\"/>e a dividend amount o<span class=\"_ _b\"/>f \u20ac66<span class=\"_ _6\"/>.3 million,<span class=\"_ _b\"/> which represen<span class=\"_ _5\"/>ts a dividend of<span class=\"_ _5\"/> \u20ac0.7<span class=\"_ _5\"/>4 per ordinary share (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac0.70).<span class=\"_ _b\"/> Of the <span class=\"_ _5\"/>to<span class=\"_ _5\"/>tal Re<span class=\"_ _5\"/>tained earnings,<span class=\"_ _5\"/> an amount o<span class=\"_ _5\"/>f \u20ac<span class=\"wsd9\">9.6 <span class=\"_ _5\"/><span class=\"ws1\">million of<span class=\"_ _5\"/> legal r<span class=\"_ _5\"/>eser<span class=\"_ _6\"/>ves is restrict<span class=\"_ _5\"/>ed in </span></span>distribution (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac9.6 million).<span class=\"_ _b\"/> See not<span class=\"_ _5\"/>e 45 t<span class=\"_ _5\"/>o the Company<span class=\"_ _5\"/> financial sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>ts for<span class=\"_ _5\"/> further details.27 <span class=\"_ _2\"> </span>Non-<span class=\"_ _6\"/>contr<span class=\"_ _5\"/>olling int<span class=\"_ _b\"/>erestsNon-controlling in<span class=\"_ _5\"/>terests r<span class=\"_ _5\"/>epresent <span class=\"_ _5\"/>the net assets <span class=\"_ _5\"/>which are not<span class=\"_ _5\"/> held by the C<span class=\"_ _5\"/>ompany and are pr<span class=\"_ _5\"/>esented <span class=\"_ _5\"/>within to<span class=\"_ _5\"/>tal equity in the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed balance sheet as a separ<span class=\"_ _5\"/>ate ca<span class=\"_ _5\"/>tegory<span class=\"_ _b\"/>. Pr<span class=\"_ _5\"/>ofit or l<span class=\"_ _5\"/>oss and each component o<span class=\"_ _5\"/>f Other comprehensive inc<span class=\"_ _5\"/>ome are attribut<span class=\"_ _5\"/>ed to <span class=\"_ _5\"/>the equity holders and t<span class=\"_ _5\"/>o the non-contr<span class=\"_ _5\"/>olling inter<span class=\"_ _5\"/>ests.The movemen<span class=\"_ _5\"/>ts in non-controlling int<span class=\"_ _b\"/>erests are specified below<span class=\"_ _0\"/>.In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _283\"> </span><span class=\"ff2\"> (1,148)<span class=\"_ _13e\"> </span></span> (1,237)Share in profit f<span class=\"_ _5\"/>or the year<span class=\"_ _279\"> </span><span class=\"ls10c ws136\"> (<span class=\"_ _6\"/>533)<span class=\"_ _83\"> </span><span class=\"lsf2 ws148\"> 337 </span></span>Dividends t<span class=\"_ _5\"/>o non-controlling shareholders<span class=\"_ _234\"> </span><span class=\"lsf5 ws117\"> (2<span class=\"_ _6\"/>17<span class=\"_ _6\"/>)<span class=\"_ _4c\"> </span><span class=\"lsee ws11e\"> (13<span class=\"_ _6\"/>3<span class=\"_ _6\"/>)</span></span>Acquisitions/ (div<span class=\"_ _5\"/>estments)<span class=\"_ _1f1\"> </span><span class=\"ls3e ws3a\">(26)<span class=\"_ _64\"> </span></span><span class=\"ls3\">-</span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _17f\"> </span> (8<span class=\"_ _6\"/>5)<span class=\"_ _3b\"> </span><span class=\"ls10e ws111\"> (<span class=\"_ _6\"/>11<span class=\"_ _6\"/>5<span class=\"_ _6\"/>)</span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _1ce\"> </span><span class=\"wsac\">(2,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9)<span class=\"_ _57\"> </span>(1,1<span class=\"_ _5\"/>4<span class=\"_ _6\"/>8)</span>A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the non-controlling in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>ts mainly<span class=\"_ _5\"/> consist<span class=\"_ _5\"/>ed of: \u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Hyder &amp; Solaiman Elkher<span class=\"_ _5\"/>eiji Engineering Consul<span class=\"_ _5\"/>tants (30%) (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 30<span class=\"_ _6\"/>%) </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Gerenciament<span class=\"_ _5\"/>o Nacala L<span class=\"_ _b\"/>tda (40%) (2021<span class=\"_ _b\"/>: 40<span class=\"_ _6\"/>%)</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">W<span class=\"_ _b\"/>ater<span class=\"_ _5\"/> Platf<span class=\"_ _5\"/>orm Company<span class=\"_ _5\"/> (30<span class=\"_ _6\"/>%) <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> acquired in 2<span class=\"_ _5\"/>022 </span>28 <span class=\"_ _2\"> </span>Provisions <span class=\"_ _5\"/>for<span class=\"_ _5\"/> employ<span class=\"_ _5\"/>ee benefitsMost o<span class=\"_ _5\"/>f the pension plans o<span class=\"_ _5\"/>f the Group qua<span class=\"_ _5\"/>lify as defined contribution pension plans.<span class=\"_ _b\"/> However<span class=\"_ _0\"/>,<span class=\"_ _5\"/> the Group a<span class=\"_ _5\"/>lso operat<span class=\"_ _5\"/>es a f<span class=\"_ _5\"/>ew defined benefit pension plans.Defined contribution pension plansFor<span class=\"_ _5\"/> defined contribution pension plans,<span class=\"_ _b\"/> the Group pay<span class=\"_ _5\"/>s fixed con<span class=\"_ _5\"/>tributions into a separa<span class=\"_ _5\"/>te entity<span class=\"_ _b\"/>,<span class=\"_ _b\"/> which are charged t<span class=\"_ _5\"/>o profit<span class=\"_ _5\"/> or loss in the period during <span class=\"_ _5\"/>which ser<span class=\"_ _6\"/>vices are pro<span class=\"_ _5\"/>vided by emplo<span class=\"_ _5\"/>yees.<span class=\"_ _5\"/> The Group<span class=\"_ _b\"/>\u2019s legal or cons<span class=\"_ _5\"/>tructive obligation is limit<span class=\"_ _5\"/>ed to <span class=\"_ _5\"/>the contributions paid int<span class=\"_ _5\"/>o the plans.<span class=\"_ _b\"/> Prepaid contributions are rec<span class=\"_ _5\"/>ognized as an asset <span class=\"_ _5\"/>to the exten<span class=\"_ _5\"/>t tha<span class=\"_ _5\"/>t Arca<span class=\"_ _5\"/>dis has the unconditional righ<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o cash refunds or reduction in futur<span class=\"_ _5\"/>e payments.Defined benefit pension plansSome of<span class=\"_ _5\"/> the pension plans qualify as defined benefit pension plans.<span class=\"_ _b\"/> For<span class=\"_ _5\"/> these plans,<span class=\"_ _b\"/> the costs are rec<span class=\"_ _5\"/>ognized as personnel costs and <span class=\"_ _5\"/>financing costs in profit or<span class=\"_ _5\"/> loss.<span class=\"_ _b\"/> The amount charged <span class=\"_ _5\"/>to personnel costs is <span class=\"_ _5\"/>the cost o<span class=\"_ _5\"/>f ac<span class=\"_ _5\"/>cruing pension benefits promised t<span class=\"_ _5\"/>o employees o<span class=\"_ _5\"/>ver the <span class=\"_ _5\"/>year<span class=\"_ _b\"/>,<span class=\"_ _b\"/> plus the costs o<span class=\"_ _5\"/>f individual even<span class=\"_ _5\"/>ts such as past service benefit changes,<span class=\"_ _b\"/> settlements and curtailments (such events ar<span class=\"_ _5\"/>e recognized immedia<span class=\"_ _5\"/>tel<span class=\"_ _5\"/>y in pro<span class=\"_ _5\"/>fit or loss).The amount char<span class=\"_ _5\"/>ged to <span class=\"_ _5\"/>financing costs is the net in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t expense calcula<span class=\"_ _5\"/>ted by<span class=\"_ _5\"/> applying <span class=\"_ _5\"/>the liability discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e to the net de<span class=\"_ _5\"/>fined benefit liability or asset.<span class=\"_ _b\"/> Any<span class=\"_ _5\"/> differences betw<span class=\"_ _5\"/>een the expected in<span class=\"_ _5\"/>terest<span class=\"_ _5\"/> on assets and the re<span class=\"_ _5\"/>turn actuall<span class=\"_ _5\"/>y achie<span class=\"_ _5\"/>ved,<span class=\"_ _b\"/> and any changes in the liabilities over<span class=\"_ _5\"/> the year<span class=\"_ _5\"/> due to changes in assump<span class=\"_ _5\"/>tions or experienc<span class=\"_ _5\"/>e within the plans,<span class=\"_ _b\"/> are recognized immedia<span class=\"_ _5\"/>tel<span class=\"_ _5\"/>y in profit<span class=\"_ _5\"/> or loss.The majority of<span class=\"_ _5\"/> the defined benefit pension plans are <span class=\"_ _5\"/>funded with plan assets tha<span class=\"_ _5\"/>t ha<span class=\"_ _5\"/>ve been segregat<span class=\"_ _5\"/>ed in a trust<span class=\"_ _5\"/> or founda<span class=\"_ _5\"/>tion.<span class=\"_ _5\"/> These plans are subject <span class=\"_ _5\"/>to regular<span class=\"_ _5\"/> actuarial review<span class=\"_ _5\"/> by ext<span class=\"_ _5\"/>ernal actuaries,<span class=\"_ _b\"/> using the projected unit cr<span class=\"_ _5\"/>edit method.The defined benefit pension plan on the ba<span class=\"_ _5\"/>lance sheet c<span class=\"_ _5\"/>omprises the present <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f the de<span class=\"_ _5\"/>fined benefit pension obligation and <span class=\"_ _5\"/>the fair <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f plan assets.<span class=\"_ _b\"/> The present<span class=\"_ _5\"/> value o<span class=\"_ _5\"/>f the obliga<span class=\"_ _5\"/>tion is determined b<span class=\"_ _5\"/>y discounting <span class=\"_ _5\"/>the estimat<span class=\"_ _5\"/>ed future cash outflo<span class=\"_ _5\"/>ws using inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>tes o<span class=\"_ _5\"/>f high-quality corpora<span class=\"_ _5\"/>te bonds (or<span class=\"_ _5\"/> suitable al<span class=\"_ _5\"/>ternativ<span class=\"_ _5\"/>e where ther<span class=\"_ _5\"/>e is no active corpora<span class=\"_ _5\"/>te bond mark<span class=\"_ _5\"/>et) tha<span class=\"_ _5\"/>t are denomina<span class=\"_ _5\"/>ted in the currency<span class=\"_ _5\"/> in which the benefits wil<span class=\"_ _5\"/>l be paid,<span class=\"_ _5\"/> and with maturity<span class=\"_ _5\"/> dates appr<span class=\"_ _5\"/>oximating <span class=\"_ _5\"/>to the <span class=\"_ _5\"/>terms o<span class=\"_ _5\"/>f the rela<span class=\"_ _5\"/>ted pension obliga<span class=\"_ _5\"/>tions.Remeasuremen<span class=\"_ _5\"/>ts arising from experience a<span class=\"_ _5\"/>djustments and changes in actuarial assump<span class=\"_ _5\"/>tions are charged or cr<span class=\"_ _5\"/>edited t<span class=\"_ _5\"/>o equity in Other c<span class=\"_ _5\"/>omprehensive income in <span class=\"_ _5\"/>the period in which they<span class=\"_ _5\"/> arise.<span class=\"_ _b\"/> Past service costs are rec<span class=\"_ _5\"/>ognized immediat<span class=\"_ _5\"/>ely<span class=\"_ _5\"/> in profit<span class=\"_ _5\"/> or loss.The table bel<span class=\"_ _5\"/>ow pro<span class=\"_ _5\"/>vides a summary of <span class=\"_ _5\"/>the t<span class=\"_ _5\"/>otal pr<span class=\"_ _5\"/>ovision f<span class=\"_ _5\"/>or employ<span class=\"_ _5\"/>ee benefits at <span class=\"_ _5\"/>the balance shee<span class=\"_ _5\"/>t dat<span class=\"_ _5\"/>e.In \u20ac thousands<span class=\"_ _247\"> </span> Asset side <span class=\"_ _d0\"> </span> Liability<span class=\"_ _5\"/> side <span class=\"_ _d2\"> </span>T<span class=\"_ _5\"/>otal 20Defined benefit pension plans<span class=\"_ _11\"> </span> 1<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>17<span class=\"_ _6\"/> <span class=\"_ _a0\"> </span><span class=\"ls10f ws129\"> 2<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,<span class=\"_ _6\"/>715<span class=\"_ _7\"/> <span class=\"_ _18a\"> </span><span class=\"lsfc ws11b\"> 18<span class=\"_ _6\"/>,2<span class=\"_ _6\"/>9<span class=\"_ _6\"/>8<span class=\"_ _6\"/> </span></span>Other def<span class=\"_ _5\"/>erred compensa<span class=\"_ _5\"/>tion plans<span class=\"_ _f5\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _c4\"> </span></span> 17<span class=\"_ _b\"/>,773 <span class=\"_ _38\"> </span> 17<span class=\"_ _0\"/>,773 T<span class=\"_ _b\"/>otal provision <span class=\"_ _5\"/>for empl<span class=\"_ _5\"/>oyee benefits<span class=\"_ _43\"> </span> 1<span class=\"_ _5\"/>0,4<span class=\"_ _5\"/>1<span class=\"_ _5\"/>7 <span class=\"_ _29\"> </span><span class=\"ls9d ws1\"> 46,4<span class=\"_ _6\"/>8<span class=\"_ _6\"/>8 <span class=\"_ _18a\"> </span><span class=\"ls57 ws164\"> 3<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>71 </span></span>Non-current<span class=\"_ _bf\"> </span> 10<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>17<span class=\"_ _6\"/> <span class=\"_ _13e\"> </span><span class=\"lsf8 wse9\"> 41,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>5<span class=\"_ _6\"/>2<span class=\"_ _7\"/> <span class=\"_ _71\"> </span><span class=\"lsef ws11c\"> 31,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>35<span class=\"_ _6\"/> </span></span>Current<span class=\"_ _292\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _149\"> </span></span><span class=\"ws1\"> 4,836<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span> 4,836 </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _11c\"> </span> 10,<span class=\"_ _5\"/>41<span class=\"_ _b\"/>7 <span class=\"_ _29\"> </span><span class=\"ls9d ws1\"> 46,4<span class=\"_ _6\"/>8<span class=\"_ _6\"/>8 <span class=\"_ _18a\"> </span><span class=\"ls57 ws164\"> 3<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,071<span class=\"_ _6\"/> </span></span>In \u20ac thousands<span class=\"_ _247\"> </span> Asset side <span class=\"_ _d0\"> </span> Liability<span class=\"_ _5\"/> side <span class=\"_ _d4\"> </span>T<span class=\"_ _5\"/>otal 202<span class=\"_ _5\"/>1Defined benefit pension plans<span class=\"_ _168\"> </span> 26<span class=\"_ _6\"/>,56<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _13e\"> </span><span class=\"lsf2 ws148\"> 37<span class=\"_ _5\"/>,<span class=\"_ _6\"/>70<span class=\"_ _6\"/>9 <span class=\"_ _38\"> </span><span class=\"ls10e ws111\"> 11<span class=\"_ _6\"/>,<span class=\"_ _7\"/>14<span class=\"_ _7\"/>5<span class=\"_ _6\"/> </span></span>Other def<span class=\"_ _5\"/>erred compensa<span class=\"_ _5\"/>tion plans<span class=\"_ _f5\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _51\"> </span><span class=\"lsef ws11c\"> 21,4<span class=\"_ _7\"/>69<span class=\"_ _6\"/> <span class=\"_ _71\"> </span> 21,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span>T<span class=\"_ _b\"/>otal provision <span class=\"_ _5\"/>for empl<span class=\"_ _5\"/>oyee benefits<span class=\"_ _14\"> </span> 26,56<span class=\"_ _6\"/>4 <span class=\"_ _a0\"> </span> 59,178 <span class=\"_ _71\"> </span><span class=\"ls118 ws10e\"> 32<span class=\"_ _7\"/>,614<span class=\"_ _7\"/> </span>Non-current<span class=\"_ _199\"> </span> 26,5<span class=\"_ _6\"/>6<span class=\"_ _6\"/>4 <span class=\"_ _71\"> </span><span class=\"ls110 ws15f\"> 53<span class=\"_ _6\"/>,572<span class=\"_ _6\"/> <span class=\"_ _71\"> </span><span class=\"lsed ws163\"> 2<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>0<span class=\"_ _4\"> </span>0<span class=\"_ _7\"> </span>8<span class=\"_ _7\"> </span> </span></span>Current<span class=\"_ _292\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span></span><span class=\"ws1\"> 5,60<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _c4\"> </span> 5,6<span class=\"_ _6\"/>06<span class=\"_ _6\"/> </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _211\"> </span><span class=\"ls9d ws1\"> 26<span class=\"_ _6\"/>,564<span class=\"_ _6\"/> <span class=\"_ _71\"> </span> 59<span class=\"_ _6\"/>,1<span class=\"_ _5\"/>78 <span class=\"_ _71\"> </span><span class=\"ls118 ws10e\"> 3<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>14<span class=\"_ _6\"/> </span></span>Pension cos<span class=\"_ _5\"/>ts recognized in pr<span class=\"_ _5\"/>ofit or<span class=\"_ _5\"/> lossThe t<span class=\"_ _5\"/>otal pension c<span class=\"_ _5\"/>osts recogniz<span class=\"_ _5\"/>ed in profit or<span class=\"_ _5\"/> loss w<span class=\"_ _5\"/>ere as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0T<span class=\"_ _b\"/>otal defined benefit pension plans<span class=\"_ _293\"> </span><span class=\"lsee ws11e\"> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>13<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _4f\"> </span><span class=\"lsf8 wse9\"> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>51<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal defined contribution pension plan and o<span class=\"_ _5\"/>ther def<span class=\"_ _5\"/>erred compensa<span class=\"_ _5\"/>tion plans<span class=\"_ _260\"> </span><span class=\"lsf0 ws15c\"> 83<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>24<span class=\"_ _6\"/> <span class=\"_ _71\"> </span><span class=\"ls3 ws137\"> 70,<span class=\"_ _5\"/>834 </span></span>T<span class=\"_ _b\"/>otal pension costs<span class=\"_ _27d\"> </span> 8<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,759 <span class=\"_ _71\"> </span><span class=\"ls16c ws133\"> 74<span class=\"_ _7\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>5<span class=\"_ _6\"/>3<span class=\"_ _7\"/> </span>The pension expenses o<span class=\"_ _5\"/>f defined benefit and defined con<span class=\"_ _5\"/>tribution pension plans are recogniz<span class=\"_ _5\"/>ed in the fol<span class=\"_ _5\"/>lowing line it<span class=\"_ _5\"/>ems in the Consolida<span class=\"_ _5\"/>ted income s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ement:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Personnel cos<span class=\"_ _5\"/>ts<span class=\"_ _18e\"> </span><span class=\"ls119 ws17c\"> 86<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>57 <span class=\"_ _13e\"> </span><span class=\"lsf7 ws17f\"> 74<span class=\"_ _7\"/>,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>8<span class=\"_ _6\"/>1<span class=\"_ _7\"/> </span></span>Finance expenses<span class=\"_ _18f\"> </span><span class=\"ls2 ws14a\"> (9<span class=\"_ _6\"/>8)<span class=\"_ _83\"> </span><span class=\"lsf5 ws117\"> 172<span class=\"_ _7\"/> </span></span>T<span class=\"_ _b\"/>otal pension costs<span class=\"_ _27d\"> </span> 8<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,759 <span class=\"_ _71\"> </span><span class=\"ls16c ws133\"> 74<span class=\"_ _7\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>5<span class=\"_ _6\"/>3<span class=\"_ _7\"/> </span>Defined benefit pension plansDescription o<span class=\"_ _5\"/>f plansThe defined benefit pension plans o<span class=\"_ _5\"/>f the Gr<span class=\"_ _5\"/>oup are either career<span class=\"_ _5\"/> aver<span class=\"_ _5\"/>age,<span class=\"_ _0\"/> final salary or hybrid plans.<span class=\"_ _b\"/> In addition,<span class=\"_ _b\"/> there is a <span class=\"_ _5\"/>termina<span class=\"_ _5\"/>tion indemnity plan f<span class=\"_ _5\"/>or Ar<span class=\"_ _5\"/>cadis Middle East,<span class=\"_ _0\"/> which pays out<span class=\"_ _5\"/> a single lump sum a<span class=\"_ _5\"/>t exit (r<span class=\"_ _5\"/>egardless o<span class=\"_ _5\"/>f age or<span class=\"_ _5\"/> reason f<span class=\"_ _5\"/>or exit).The two main de<span class=\"_ _5\"/>fined benefit pension plans are in the UK,<span class=\"_ _b\"/> being the <span class=\"_ _b\"/>\u2018EC Harris Group Pension Scheme<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> and<span class=\"_ _6\"/> the <span class=\"_ _b\"/>\u2018<span class=\"_ _b\"/>Acer Gr<span class=\"_ _5\"/>oup Pension Scheme<span class=\"_ _5\"/>\u2019<span class=\"_ _5\"/> (formerl<span class=\"_ _b\"/>y Hyder),<span class=\"_ _b\"/> which acc<span class=\"_ _5\"/>ount <span class=\"_ _5\"/>for 1<span class=\"_ _5\"/>0<span class=\"_ _6\"/>0% of <span class=\"_ _5\"/>the pension assets f<span class=\"_ _5\"/>or funded schemes in surplus.<span class=\"_ _b\"/> The defined benefit liability<span class=\"_ _5\"/> is mainly<span class=\"_ _5\"/> due t<span class=\"_ _5\"/>o the t<span class=\"_ _5\"/>ermination indemnity<span class=\"_ _5\"/> plan in Arcadis Middle East<span class=\"_ _5\"/> (49% of <span class=\"_ _5\"/>the t<span class=\"_ _5\"/>otal defined benefit<span class=\"_ _5\"/> liability) and other individua<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y immat<span class=\"_ _b\"/>erial defined benefit pension plans within the <span class=\"_ _6\"/>Group.As at 3<span class=\"_ _b\"/>1 December 2022 bo<span class=\"_ _b\"/>th defined benefit pension plans in the UK ha<span class=\"_ _5\"/>ve a surplus o<span class=\"_ _5\"/>f \u20ac1<span class=\"_ _5\"/>0.4 million (3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac26.6 million).<span class=\"_ _b\"/> This decrease is due t<span class=\"_ _5\"/>o worse <span class=\"_ _5\"/>than expected inv<span class=\"_ _5\"/>estment<span class=\"_ _5\"/> returns,<span class=\"_ _b\"/> particularly due <span class=\"_ _5\"/>to <span class=\"_ _5\"/>financial market<span class=\"_ _5\"/> turmoil lat<span class=\"_ _b\"/>e in 2022,<span class=\"_ _b\"/> which has been offset<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o some exten<span class=\"_ _5\"/>t by <span class=\"_ _5\"/>the increase in discoun<span class=\"_ _5\"/>t ra<span class=\"_ _5\"/>te placing a l<span class=\"_ _5\"/>ower <span class=\"_ _5\"/>val<span class=\"_ _5\"/>ue on the schemes\u2019<span class=\"_ _b\"/> liabilities.The EC Harris Group Pension Scheme has been cl<span class=\"_ _5\"/>osed for<span class=\"_ _5\"/> future a<span class=\"_ _5\"/>ccruals since 3<span class=\"_ _b\"/>1 January 201<span class=\"_ _0\"/>1,<span class=\"_ _b\"/> whereas <span class=\"_ _5\"/>the Acer Gr<span class=\"_ _5\"/>oup Pension Scheme w<span class=\"_ _5\"/>as closed f<span class=\"_ _5\"/>or futur<span class=\"_ _5\"/>e accruals sinc<span class=\"_ _5\"/>e 30 April 201<span class=\"_ _0\"/>1.<span class=\"_ _b\"/> Both plans are <span class=\"_ _5\"/>funded plans.<span class=\"_ _5\"/> The other<span class=\"_ _5\"/> defined benefit pensions plans are mainl<span class=\"_ _b\"/>y active and funded plans.There w<span class=\"_ _5\"/>ere no defined benefit plans identified <span class=\"_ _5\"/>for IBI and DPS gr<span class=\"_ _5\"/>oup during preliminary PP<span class=\"_ _b\"/>A assessment.<span class=\"_ _5\"/> Governanc<span class=\"_ _5\"/>eThe majority of<span class=\"_ _5\"/> the defined benefit pension plans ar<span class=\"_ _5\"/>e established as independent <span class=\"_ _5\"/>founda<span class=\"_ _5\"/>tions or similar entities,<span class=\"_ _b\"/> with opera<span class=\"_ _5\"/>tions governed b<span class=\"_ _5\"/>y local r<span class=\"_ _5\"/>egulations and pra<span class=\"_ _5\"/>ctice in each country<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Boards of<span class=\"_ _5\"/> T<span class=\"_ _b\"/>rustees,<span class=\"_ _0\"/> which consist<span class=\"_ _5\"/> of empl<span class=\"_ _5\"/>oyer<span class=\"_ _5\"/> and employee r<span class=\"_ _5\"/>epresenta<span class=\"_ _5\"/>tives,<span class=\"_ _b\"/> are generall<span class=\"_ _b\"/>y required <span class=\"_ _5\"/>to act on beha<span class=\"_ _5\"/>lf o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the plan\u2019<span class=\"_ _5\"/>s stak<span class=\"_ _5\"/>eholders and perform periodic revie<span class=\"_ _5\"/>ws on the sol<span class=\"_ _5\"/>vency o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>funds in accor<span class=\"_ _5\"/>dance with loca<span class=\"_ _5\"/>l laws and regula<span class=\"_ _5\"/>tions.<span class=\"_ _5\"/> They<span class=\"_ _5\"/> are responsibl<span class=\"_ _5\"/>e for<span class=\"_ _5\"/> administ<span class=\"_ _5\"/>ering the plan assets and <span class=\"_ _5\"/>for de<span class=\"_ _5\"/>fining the investmen<span class=\"_ _5\"/>t str<span class=\"_ _5\"/>ategy<span class=\"_ _0\"/>.Inves<span class=\"_ _5\"/>tment str<span class=\"_ _5\"/>at<span class=\"_ _5\"/>egyThe inves<span class=\"_ _5\"/>tment str<span class=\"_ _5\"/>at<span class=\"_ _5\"/>egy of<span class=\"_ _5\"/> the Group in r<span class=\"_ _5\"/>espect of <span class=\"_ _5\"/>the funded plans is implemen<span class=\"_ _5\"/>ted within <span class=\"_ _5\"/>the frame<span class=\"_ _5\"/>work o<span class=\"_ _5\"/>f the various l<span class=\"_ _5\"/>ocal requiremen<span class=\"_ _5\"/>ts of <span class=\"_ _5\"/>the countries <span class=\"_ _5\"/>where the plans are based.<span class=\"_ _0\"/> The objective is t<span class=\"_ _5\"/>o control <span class=\"_ _5\"/>the risks and maintain an appropria<span class=\"_ _5\"/>te ba<span class=\"_ _5\"/>lance between <span class=\"_ _5\"/>the risks and the long-<span class=\"_ _5\"/>term re<span class=\"_ _5\"/>turns.<span class=\"_ _5\"/> There<span class=\"_ _5\"/>fore<span class=\"_ _5\"/>,<span class=\"_ _b\"/> the investmen<span class=\"_ _5\"/>ts are wel<span class=\"_ _5\"/>l diversified <span class=\"_ _6\"/>and managed within the <span class=\"_ _6\"/>asset-liability<span class=\"_ _5\"/> matching (ALM) framew<span class=\"_ _5\"/>orks <span class=\"_ _6\"/>of<span class=\"_ _5\"/> the funds.<span class=\"_ _b\"/> Within<span class=\"_ _6\"/> these frame<span class=\"_ _5\"/>works the objective is <span class=\"_ _5\"/>to ma<span class=\"_ _5\"/>tch assets <span class=\"_ _5\"/>to the pensions obliga<span class=\"_ _b\"/>tions by inves<span class=\"_ _5\"/>ting in long-t<span class=\"_ _5\"/>erm fixed int<span class=\"_ _5\"/>erest securities <span class=\"_ _5\"/>with maturities <span class=\"_ _5\"/>that ma<span class=\"_ _5\"/>tch <span class=\"_ _5\"/>the benefit paymen<span class=\"_ _5\"/>ts as they<span class=\"_ _5\"/> fal<span class=\"_ _5\"/>l due and in the appropria<span class=\"_ _5\"/>te currency<span class=\"_ _b\"/>.Specification defined benefit pension plansThe table bel<span class=\"_ _5\"/>ow pro<span class=\"_ _5\"/>vides a summary of <span class=\"_ _5\"/>the classification of<span class=\"_ _5\"/> the defined benefit pension plans a<span class=\"_ _b\"/>t 31 December<span class=\"_ _3\"/>. 2022<span class=\"_ _26b\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>Present <span class=\"_ _1\"/><span class=\"ls3 ws1\"> </span>Fair value<span class=\"_ _6\"/> <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Present <span class=\"_ _1\"/><span class=\"ls3 ws1\"> </span>Fair value<span class=\"_ _6\"/> <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>value of <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>of<span class=\"_ _5\"/> plan <span class=\"_ _3\"/><span class=\"ls3\"> </span>value of <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>of<span class=\"_ _5\"/> plan <span class=\"_ _3\"/><span class=\"ls3\"> </span>In \u20ac thousandsobligationassets<span class=\"_ _bc\"> </span><span class=\"ls112 ws12e\">To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l</span>obligationassets<span class=\"_ _bc\"> </span><span class=\"ls112 ws12e\">To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l</span>EC Harris Group Pension Scheme (ECH)<span class=\"_ _d5\"> </span>74<span class=\"_ _7\"/>,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>9<span class=\"_ _6\"/>1<span class=\"_ _6\"/> <span class=\"_ _b6\"> </span><span class=\"ls2 ws12a\">8<span class=\"_ _6\"/>0,350<span class=\"_ _6\"/> <span class=\"_ _b6\"> </span></span> (6<span class=\"_ _6\"/>,059)<span class=\"_ _9e\"> </span>120,820 <span class=\"_ _9e\"> </span><span class=\"lsf9 ws115\">12<span class=\"_ _6\"/>8<span class=\"_ _7\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>8<span class=\"_ _6\"/>5<span class=\"_ _7\"/> <span class=\"_ _174\"> </span></span> (7<span class=\"_ _5\"/>,565)Acer Gr<span class=\"_ _5\"/>oup Pension Scheme (AGPS)<span class=\"_ _170\"> </span> 16<span class=\"_ _6\"/>3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>353<span class=\"_ _6\"/> <span class=\"_ _d0\"> </span>1<span class=\"_ _7\"/>6<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>7<span class=\"_ _6\"/>1<span class=\"_ _6\"/>1<span class=\"_ _7\"/> <span class=\"_ _b6\"> </span><span class=\"ls2 ws14a\"> (4,<span class=\"_ _6\"/>358)<span class=\"_ _9f\"> </span></span>26<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,632<span class=\"_ _6\"/> <span class=\"_ _4e\"> </span><span class=\"lsfc ws118\">279,<span class=\"_ _6\"/>631<span class=\"_ _6\"/> <span class=\"_ _9e\"> </span></span> (18,9<span class=\"_ _6\"/>99)ME T<span class=\"_ _b\"/>ermination Indemnity Plan (HME)<span class=\"_ _18a\"> </span><span class=\"lsf5 ws117\"> 1<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>17<span class=\"_ _6\"/>8<span class=\"_ _7\"/> <span class=\"_ _1ae\"> </span></span><span class=\"ls3\">-<span class=\"_ _d9\"> </span><span class=\"lsf5 ws117\"> 1<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>17<span class=\"_ _6\"/>8<span class=\"_ _7\"/> <span class=\"_ _174\"> </span><span class=\"ls102 ws11e\">19<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>5<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _1ae\"> </span></span></span>-<span class=\"_ _da\"> </span><span class=\"ls102 ws11a\"> 19<span class=\"_ _6\"/>,<span class=\"_ _6\"/>65<span class=\"_ _6\"/>3<span class=\"_ _6\"/> </span></span>Other defined benefit pension plans<span class=\"_ _161\"> </span>16<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0<span class=\"_ _7\"/>8<span class=\"_ _4d\"> </span>1,<span class=\"_ _6\"/>471<span class=\"_ _da\"> </span> 14<span class=\"_ _6\"/>,<span class=\"_ _6\"/>53<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _ac\"> </span> 2<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,15<span class=\"_ _6\"/>2<span class=\"_ _d4\"> </span><span class=\"lsf6 ws112\">2,<span class=\"_ _6\"/>09<span class=\"_ _6\"/>6<span class=\"_ _174\"> </span><span class=\"lsfc ws11b\"> 18<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>5<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal defined benefit pension plans<span class=\"_ _23c\"> </span><span class=\"lsfa ws43\"> 18<span class=\"_ _6\"/>,<span class=\"_ _6\"/>29<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _27\"> </span><span class=\"lsfd ws114\"> 11,<span class=\"_ _7\"/>14<span class=\"_ _7\"/>5<span class=\"_ _6\"/> </span></span>The next <span class=\"_ _5\"/>table provides a summary o<span class=\"_ _5\"/>f the changes in <span class=\"_ _5\"/>the defined benefit obliga<span class=\"_ _5\"/>tions and the f<span class=\"_ _5\"/>air va<span class=\"_ _5\"/>lue of the plan assets f<span class=\"_ _b\"/>or the UK (A and B herea<span class=\"_ _5\"/>fter),<span class=\"_ _b\"/> Arcadis Middl<span class=\"_ _5\"/>e East (C) and the o<span class=\"_ _5\"/>ther defined benefit pension plans (D).<span class=\"_ _b\"/> It also pro<span class=\"_ _5\"/>vides a reconcilia<span class=\"_ _5\"/>tion of <span class=\"_ _5\"/>the funded sta<span class=\"_ _5\"/>tus of<span class=\"_ _5\"/> the plans t<span class=\"_ _5\"/>o the amounts rec<span class=\"_ _5\"/>ognized in the Consolida<span class=\"_ _5\"/>ted balanc<span class=\"_ _5\"/>e sheet.In \u20ac thousands<span class=\"_ _24a\"> </span>ECH<span class=\"_ _e0\"> </span>AGPS<span class=\"_ _114\"> </span>AME<span class=\"_ _e0\"> </span>Other<span class=\"_ _d3\"> </span><span class=\"ff1 ls163 ws193\">To<span class=\"_ _7\"/>t<span class=\"_ _6\"/>a<span class=\"_ _7\"/>l</span>Balance a<span class=\"_ _5\"/>t 1 January 2021 <span class=\"_ _1af\"> </span> 16<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _63\"> </span> 10,4<span class=\"_ _5\"/>79 <span class=\"_ _63\"> </span> 18<span class=\"_ _7\"/>,415<span class=\"_ _7\"/> <span class=\"_ _b7\"> </span><span class=\"ls147 ws172\"> 17,<span class=\"_ _7\"/>7<span class=\"_ _6\"/>6<span class=\"_ _6\"/>1<span class=\"_ _7\"/> <span class=\"_ _d7\"> </span><span class=\"lsec ws112\"> 4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>19<span class=\"_ _6\"/> </span></span>Current<span class=\"_ _5\"/> ser<span class=\"_ _6\"/>vice cost<span class=\"_ _16\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _205\"> </span> - <span class=\"_ _d2\"> </span><span class=\"lsf5 ws117\"> 1<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>17<span class=\"_ _6\"/> <span class=\"_ _250\"> </span></span><span class=\"ls3\">  </span></span>Inter<span class=\"_ _5\"/>est expense<span class=\"_ _5\"/>/ (income)<span class=\"_ _136\"> </span><span class=\"ls10e ws111\"> (<span class=\"_ _6\"/>11)<span class=\"_ _114\"> </span><span class=\"lsee ws11e\"> 13<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _14c\"> </span></span> 113<span class=\"_ _7\"/> </span>One-off equalization c<span class=\"_ _5\"/>ost<span class=\"_ _1f8\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _205\"> </span> - </span>Reclassification<span class=\"_ _24a\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _205\"> </span> - </span>Su<span class=\"_ _6\"/>btota<span class=\"_ _6\"/>l<span class=\"_ _11d\"> </span> (<span class=\"_ _7\"/>11)<span class=\"_ _114\"> </span> 133<span class=\"_ _6\"/> <span class=\"_ _e5\"> </span><span class=\"ls101 wsac\"> 1,<span class=\"_ _6\"/>43<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _e5\"> </span> 1,9<span class=\"_ _6\"/>6<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _b3\"> </span></span><span class=\"ws11b\"> 3<span class=\"_ _6\"/>,519<span class=\"_ _6\"/> </span>Remeasuremen<span class=\"_ _5\"/>t:Return on plan asse<span class=\"_ _5\"/>ts excluding amoun<span class=\"_ _5\"/>ts included in inter<span class=\"_ _5\"/>est expense<span class=\"_ _5\"/>/ (income)<span class=\"_ _6c\"> </span><span class=\"ls100 ws16d\"> 32<span class=\"_ _6\"/> <span class=\"_ _9e\"> </span></span> (16,48<span class=\"_ _6\"/>5)<span class=\"_ _170\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _294\"> </span> - </span>(Gain)/ loss fr<span class=\"_ _5\"/>om change in financial assumptions<span class=\"_ _83\"> </span> (6,96<span class=\"_ _6\"/>4)<span class=\"_ _cd\"> </span> (1<span class=\"_ _5\"/>2,493)<span class=\"_ _e0\"> </span><span class=\"ls3e ws132\"> (339)<span class=\"_ _295\"> </span><span class=\"ls14a ws137\"> - </span></span>(Gain)/ loss fr<span class=\"_ _5\"/>om change in demographic assumptions<span class=\"_ _57\"> </span><span class=\"ls3 ws137\"> 6<span class=\"_ _6\"/>84 <span class=\"_ _b2\"> </span><span class=\"ls10e ws111\"> 2<span class=\"_ _7\"/>,<span class=\"_ _6\"/>511<span class=\"_ _7\"/> <span class=\"_ _55\"> </span></span> 134 <span class=\"_ _295\"> </span><span class=\"ls14a\"> - </span></span>Experience (gain)/ loss<span class=\"_ _296\"> </span> 354<span class=\"_ _6\"/> <span class=\"_ _39\"> </span> (47<span class=\"_ _6\"/>8)<span class=\"_ _a9\"> </span><span class=\"lsf9 ws178\"> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>312<span class=\"_ _7\"/> <span class=\"_ _295\"> </span><span class=\"ls14a ws137\"> - </span></span>T<span class=\"_ _b\"/>otal remeasuremen<span class=\"_ _5\"/>t<span class=\"_ _267\"> </span> (5,8<span class=\"_ _6\"/>94)<span class=\"_ _19d\"> </span> (26,94<span class=\"_ _6\"/>5)<span class=\"_ _df\"> </span><span class=\"ls6f ws13a\"> 3<span class=\"_ _6\"/>,10<span class=\"_ _6\"/>7 <span class=\"_ _d4\"> </span></span> (292)<span class=\"_ _19d\"> </span> (30,025)Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _27b\"> </span> 11<span class=\"_ _7\"/> <span class=\"_ _d3\"> </span> 672<span class=\"_ _6\"/> <span class=\"_ _e5\"> </span> 1,348 <span class=\"_ _d4\"> </span><span class=\"ls57 ws164\"> (79<span class=\"_ _6\"/>4)<span class=\"_ _e5\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>38<span class=\"_ _6\"/> </span></span>Contributions b<span class=\"_ _5\"/>y employer<span class=\"_ _155\"> </span> (1,835)<span class=\"_ _b7\"> </span> (3,338)<span class=\"_ _170\"> </span> - <span class=\"_ _bc\"> </span><span class=\"ls10f ws129\"> (<span class=\"_ _6\"/>15<span class=\"_ _6\"/>8<span class=\"_ _6\"/>)<span class=\"_ _174\"> </span></span> (5,331<span class=\"_ _5\"/>)Benefit pa<span class=\"_ _5\"/>yments from plans<span class=\"_ _c1\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _df\"> </span></span> (4,6<span class=\"_ _6\"/>47)<span class=\"_ _e0\"> </span><span class=\"lsfa ws43\"> (428)<span class=\"_ _b6\"> </span></span> (5<span class=\"_ _6\"/>,075)Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2021 <span class=\"_ _ea\"> </span> (7<span class=\"_ _b\"/>,56<span class=\"_ _6\"/>5)<span class=\"_ _19d\"> </span> (18,99<span class=\"_ _6\"/>9)<span class=\"_ _d7\"> </span> 19,6<span class=\"_ _6\"/>53<span class=\"_ _6\"/> <span class=\"_ _63\"> </span><span class=\"lsfa ws43\"> 18,0<span class=\"_ _6\"/>5<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _aa\"> </span><span class=\"lsfd ws114\"> 11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>4<span class=\"_ _6\"/>5<span class=\"_ _7\"/> </span></span>Current<span class=\"_ _5\"/> ser<span class=\"_ _6\"/>vice cost<span class=\"_ _16\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _205\"> </span> - <span class=\"_ _d6\"> </span><span class=\"lsec ws112\"> 793<span class=\"_ _6\"/> <span class=\"_ _297\"> </span></span> - </span>Inter<span class=\"_ _5\"/>est expense<span class=\"_ _5\"/>/ (income)<span class=\"_ _1af\"> </span> (<span class=\"_ _6\"/>16<span class=\"_ _6\"/>4)<span class=\"_ _a6\"> </span> (<span class=\"_ _7\"/>411)<span class=\"_ _114\"> </span><span class=\"ls3e ws132\"> 263 <span class=\"_ _297\"> </span><span class=\"ls14a ws137\"> - </span></span>One-off equalization c<span class=\"_ _5\"/>ost<span class=\"_ _1f8\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _205\"> </span> - <span class=\"_ _294\"> </span> - </span>Reclassification<span class=\"_ _24a\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _205\"> </span> - <span class=\"_ _294\"> </span> - </span>Su<span class=\"_ _6\"/>btota<span class=\"_ _6\"/>l<span class=\"_ _93\"> </span> (<span class=\"_ _6\"/>16<span class=\"_ _6\"/>4)<span class=\"_ _39\"> </span> (<span class=\"_ _6\"/>411)<span class=\"_ _e5\"> </span> 1,05<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _e5\"> </span><span class=\"ls9d ws1\"> 2,654 <span class=\"_ _b3\"> </span><span class=\"ls118 ws10e\"> 3<span class=\"_ _7\"/>,13<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span></span>Remeasuremen<span class=\"_ _5\"/>t:Return on plan asse<span class=\"_ _5\"/>ts excluding amoun<span class=\"_ _5\"/>ts included in inter<span class=\"_ _5\"/>est expense<span class=\"_ _5\"/>/ (income)<span class=\"_ _27\"> </span> 43,<span class=\"_ _6\"/>60<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _19d\"> </span> 102<span class=\"_ _6\"/>,47<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _294\"> </span> - </span>(Gain)/ loss fr<span class=\"_ _5\"/>om change in financial assumptions<span class=\"_ _19c\"> </span> (45,973)<span class=\"_ _9f\"> </span> (9<span class=\"_ _6\"/>4,7<span class=\"_ _5\"/>49)<span class=\"_ _e0\"> </span><span class=\"ls57 ws164\"> (38<span class=\"_ _6\"/>4)<span class=\"_ _295\"> </span><span class=\"ls14a ws137\"> - </span></span>(Gain)/ loss fr<span class=\"_ _5\"/>om change in demographic assumptions<span class=\"_ _1ae\"> </span><span class=\"lsf0 ws15c\"> (8<span class=\"_ _6\"/>2)<span class=\"_ _174\"> </span></span> (1,783<span class=\"_ _5\"/>)<span class=\"_ _e0\"> </span><span class=\"ls2 ws14a\"> (298)<span class=\"_ _295\"> </span><span class=\"ls14a ws137\"> - </span></span>Experience (gain)/ loss<span class=\"_ _136\"> </span><span class=\"ls119 ws17c\"> 5,28<span class=\"_ _6\"/>6 <span class=\"_ _ac\"> </span></span> 12,250 <span class=\"_ _b3\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>79<span class=\"_ _6\"/> <span class=\"_ _297\"> </span><span class=\"ls14a ws137\"> - </span></span>T<span class=\"_ _b\"/>otal remeasuremen<span class=\"_ _5\"/>t<span class=\"_ _1b0\"> </span> 2<span class=\"_ _6\"/>,839 <span class=\"_ _63\"> </span> 18<span class=\"_ _6\"/>,19<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _55\"> </span> 997<span class=\"_ _6\"/> <span class=\"_ _d4\"> </span><span class=\"lsfe ws5b\"> (70<span class=\"_ _6\"/>3)<span class=\"_ _63\"> </span><span class=\"ls117 ws12a\"> 21,32<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _c1\"> </span> 349 <span class=\"_ _55\"> </span><span class=\"ls110 ws15f\"> 438<span class=\"_ _6\"/> <span class=\"_ _b3\"> </span></span> 1,3<span class=\"_ _5\"/>34 <span class=\"_ _55\"> </span><span class=\"lsef ws11c\"> 16<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _e5\"> </span><span class=\"lsf6 ws10f\"> 2,2<span class=\"_ _6\"/>90<span class=\"_ _6\"/> </span></span>Contributions b<span class=\"_ _5\"/>y employer<span class=\"_ _fa\"> </span> (1,5<span class=\"_ _b\"/>18)<span class=\"_ _b6\"> </span> (3,582)<span class=\"_ _51\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _205\"> </span> - <span class=\"_ _df\"> </span></span> (5,100)Benefit pa<span class=\"_ _5\"/>yments from plans<span class=\"_ _c1\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _df\"> </span></span> (8,8<span class=\"_ _6\"/>62)<span class=\"_ _174\"> </span> (1<span class=\"_ _5\"/>,771<span class=\"_ _5\"/>)<span class=\"_ _9e\"> </span> (10,633)Divestment<span class=\"_ _298\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _205\"> </span> - <span class=\"_ _df\"> </span></span><span class=\"ws1\"> (3,868)<span class=\"_ _b7\"> </span> (3,8<span class=\"_ _6\"/>68)</span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _ca\"> </span> (6,0<span class=\"_ _6\"/>59)<span class=\"_ _ac\"> </span> (4<span class=\"_ _6\"/>,358)<span class=\"_ _63\"> </span> 14<span class=\"_ _7\"/>,<span class=\"_ _6\"/>17<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _ac\"> </span><span class=\"ls118 ws10e\"> 14<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>37<span class=\"_ _6\"/> <span class=\"_ _d7\"> </span><span class=\"lsfa ws43\"> 18<span class=\"_ _6\"/>,<span class=\"_ _6\"/>29<span class=\"_ _6\"/>8<span class=\"_ _6\"/> </span></span>The current<span class=\"_ _5\"/> and non-current break<span class=\"_ _5\"/>down o<span class=\"_ _5\"/>f defined benefit pension plan is as <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>ows:2022<span class=\"_ _109\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>Non-current<span class=\"_ _299\"> </span><span class=\"lsd2 wse9\">18<span class=\"_ _6\"/>,<span class=\"_ _6\"/>271<span class=\"_ _6\"/> <span class=\"_ _51\"> </span><span class=\"ls10e ws104\">11,<span class=\"_ _7\"/>11<span class=\"_ _6\"/>8<span class=\"_ _7\"/> </span></span>Current<span class=\"_ _7b\"> </span><span class=\"lsf2 ws10e\">27<span class=\"_ _6\"/> <span class=\"_ _160\"> </span>27<span class=\"_ _6\"/> </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _270\"> </span><span class=\"lsfa ws116\">18<span class=\"_ _6\"/>,2<span class=\"_ _6\"/>9<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _76\"> </span><span class=\"lsfd ws119\">11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>4<span class=\"_ _6\"/>5<span class=\"_ _7\"/> </span></span>(A<span class=\"_ _6\"/>) EC Harris group pension scheme (ECH)Plan assets al<span class=\"_ _5\"/>locationAll inv<span class=\"_ _5\"/>ested asse<span class=\"_ _5\"/>ts shown in the tabl<span class=\"_ _5\"/>e below<span class=\"_ _5\"/> are quot<span class=\"_ _5\"/>ed.In \u20ac thousands/%<span class=\"_ _23f\"> </span>2022<span class=\"_ _176\"> </span><span class=\"ls3 ws1\">%<span class=\"_ _109\"> </span></span>2021<span class=\"_ _176\"> </span>Equities<span class=\"_ _166\"> </span>8<span class=\"_ _7\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>74<span class=\"_ _7\"/> <span class=\"_ _15b\"> </span><span class=\"ls10e ws104\">11<span class=\"_ _7\"/> <span class=\"_ _46\"> </span><span class=\"lsfb ws117\">14<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>0<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _79\"> </span></span>11<span class=\"_ _6\"/> </span>Fixed income<span class=\"_ _180\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _223\"> </span><span class=\"lsee ws11e\"> 13<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>42<span class=\"_ _6\"/> <span class=\"_ _79\"> </span><span class=\"ls10e ws104\">11<span class=\"_ _6\"/> </span></span>Property and real es<span class=\"_ _5\"/>tate<span class=\"_ _136\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>47<span class=\"_ _6\"/> <span class=\"_ _176\"> </span></span><span class=\"ls3\">2 <span class=\"_ _19a\"> </span></span> 5,29<span class=\"_ _6\"/>9 <span class=\"_ _176\"> </span><span class=\"ls3\">4 </span>Hedge funds<span class=\"_ _93\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - </span>Cash<span class=\"_ _29a\"> </span> 924<span class=\"_ _6\"/> <span class=\"_ _176\"> </span><span class=\"ls3 ws1\">1 <span class=\"_ _8d\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>87<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _176\"> </span></span>1 </span> 1Other 69,0<span class=\"_ _6\"/>05<span class=\"_ _6\"/> <span class=\"_ _160\"> </span>86 <span class=\"_ _18a\"> </span><span class=\"lsec ws112\"> 93,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>6<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _160\"> </span><span class=\"ls127 ws164\">73 </span></span>T<span class=\"_ _b\"/>otal at<span class=\"_ _5\"/> 31 December<span class=\"_ _23c\"> </span>80<span class=\"_ _6\"/>,350<span class=\"_ _8b\"> </span><span class=\"ls6f ws77\">10<span class=\"_ _6\"/>0<span class=\"_ _54\"> </span><span class=\"lsfb ws117\">12<span class=\"_ _6\"/>8<span class=\"_ _7\"/>,3<span class=\"_ _7\"/>8<span class=\"_ _6\"/>4<span class=\"_ _8b\"> </span></span>10<span class=\"_ _7\"/>0</span>1 Others include priva<span class=\"_ _5\"/>te credit,<span class=\"_ _5\"/> diversified growth funds and liabiliy driv<span class=\"_ _5\"/>en investment <span class=\"_ _5\"/>fundActuarial assumptionsThe principal actuarial assump<span class=\"_ _5\"/>tions at<span class=\"_ _5\"/> the reporting dat<span class=\"_ _5\"/>es are:In %<span class=\"_ _1e2\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span><span class=\"fs7b lscd wse4\">2021</span>Discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _29b\"> </span><span class=\"wsac\">4.9<span class=\"_ _6\"/>0 <span class=\"_ _109\"> </span>2.00<span class=\"_ _6\"/> </span>Pension increases<span class=\"_ _1ba\"> </span> 2.05<span class=\"_ _6\"/>-3.45 <span class=\"_ _39\"> </span> 2.15-3<span class=\"_ _6\"/>.60<span class=\"_ _6\"/> Retail pric<span class=\"_ _5\"/>e index inflation<span class=\"_ _1fc\"> </span> 3.40<span class=\"_ _6\"/> <span class=\"_ _3b\"> </span> 3.6<span class=\"_ _6\"/>0 Consumer pric<span class=\"_ _5\"/>e index inflation<span class=\"_ _1a4\"> </span> 2.40<span class=\"_ _6\"/> <span class=\"_ _3b\"> </span> 2.6<span class=\"_ _6\"/>0 The discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e is based on yields on UK<span class=\"_ _5\"/> AA-ra<span class=\"_ _5\"/>ted high-quality<span class=\"_ _5\"/> corpora<span class=\"_ _5\"/>te bonds,<span class=\"_ _b\"/> with dura<span class=\"_ _5\"/>tions comparable to <span class=\"_ _5\"/>the duration o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the pension plan\u2019<span class=\"_ _5\"/>s liabilities.<span class=\"_ _5\"/> Based on the assump<span class=\"_ _5\"/>tions described in this not<span class=\"_ _b\"/>e,<span class=\"_ _5\"/> these paymen<span class=\"_ _5\"/>ts have an a<span class=\"_ _5\"/>vera<span class=\"_ _5\"/>ge duration o<span class=\"_ _5\"/>f 1<span class=\"_ _b\"/>5 years.Demographic assump<span class=\"_ _5\"/>tions regarding futur<span class=\"_ _5\"/>e mor<span class=\"_ _6\"/>tality ar<span class=\"_ _5\"/>e based on published statis<span class=\"_ _5\"/>tics and mor<span class=\"_ _6\"/>tality <span class=\"_ _5\"/>tables.<span class=\"_ _b\"/> The current<span class=\"_ _5\"/> life expectancy (in <span class=\"_ _5\"/>years) underl<span class=\"_ _5\"/>ying the va<span class=\"_ _5\"/>lues of<span class=\"_ _5\"/> the liabilities in the de<span class=\"_ _5\"/>fined benefit plans are as follows: In years<span class=\"_ _29c\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span><span class=\"fs7b lscd wse4\">2<span class=\"_ _6\"/>021</span>Male<span class=\"_ _5\"/>/femal<span class=\"_ _5\"/>e currentl<span class=\"_ _5\"/>y age 65 <span class=\"_ _1cb\"> </span>22.5/ 24.9<span class=\"_ _bc\"> </span>22.4/ 24.8Male<span class=\"_ _5\"/>/femal<span class=\"_ _5\"/>e reaching age o<span class=\"_ _5\"/>f 65 in 20 years<span class=\"_ _298\"> </span>23.8/ 26.3<span class=\"_ _e4\"> </span>23.8/ 26.2Sensitivity anal<span class=\"_ _b\"/>ysisThe calcula<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the defined benefit obliga<span class=\"_ _5\"/>tion is sensitive t<span class=\"_ _5\"/>o,<span class=\"_ _b\"/> amongst o<span class=\"_ _5\"/>thers,<span class=\"_ _b\"/> the discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> ra<span class=\"_ _5\"/>te o<span class=\"_ _5\"/>f inflation and changes in <span class=\"_ _5\"/>the mor<span class=\"_ _6\"/>tality assump<span class=\"_ _b\"/>tions.<span class=\"_ _5\"/> In 2022,<span class=\"_ _0\"/> the sensitivity anal<span class=\"_ _5\"/>ysis w<span class=\"_ _5\"/>as as f<span class=\"_ _5\"/>ollows:Change in<span class=\"ls3\"> </span>Change in <span class=\"_ _9\"/><span class=\"ls3\"> </span>In % / \u20ac thousandsassumptionspension liabilityDiscount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _276\"> </span><span class=\"ls119 ws136\">0.5%<span class=\"_ _4b\"> </span></span><span class=\"wsac\">5,638<span class=\"_ _6\"/> </span>Rat<span class=\"_ _5\"/>e of in<span class=\"_ _5\"/>flation<span class=\"_ _20a\"> </span><span class=\"ls119 ws136\">0.<span class=\"_ _6\"/>5%<span class=\"_ _4b\"> </span></span><span class=\"wsac\">3,383<span class=\"_ _6\"/> </span>Life expectancy<span class=\"_ _11c\"> </span>one-year change<span class=\"_ _4b\"> </span><span class=\"wsac\">2,255</span>The sensitivity anal<span class=\"_ _b\"/>ysis as disclosed in the 20<span class=\"_ _5\"/>21 <span class=\"_ _5\"/>financial stat<span class=\"_ _b\"/>ements was as f<span class=\"_ _5\"/>ollo<span class=\"_ _5\"/>ws:Change in<span class=\"ls3\"> </span>Change in <span class=\"_ _9\"/><span class=\"ls3\"> </span>In % / \u20ac thousandsassumptionspension liabilityDiscount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _276\"> </span><span class=\"ls119 ws136\">0.5%<span class=\"_ _19a\"> </span><span class=\"ls10e ws104\">11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _7\"/>9<span class=\"_ _6\"/>5<span class=\"_ _7\"/> </span></span>Rat<span class=\"_ _5\"/>e of in<span class=\"_ _5\"/>flation<span class=\"_ _20a\"> </span><span class=\"ls119 ws136\">0.<span class=\"_ _6\"/>5%<span class=\"_ _149\"> </span></span><span class=\"wsac\">5,9<span class=\"_ _6\"/>4<span class=\"_ _6\"/>8 </span>Life expectancy<span class=\"_ _11c\"> </span>one-year change<span class=\"_ _205\"> </span><span class=\"lsf2 ws148\"> 4<span class=\"_ _6\"/>,75<span class=\"_ _6\"/>8<span class=\"_ _6\"/> </span>Defined benefit liability<span class=\"_ _5\"/> and employer<span class=\"_ _5\"/> contributionsThe Company<span class=\"_ _5\"/> expects \u20ac1.6 mil<span class=\"_ _5\"/>lion in contributions t<span class=\"_ _b\"/>o be paid to the plan in 2<span class=\"_ _5\"/>023.<span class=\"_ _b\"/> The estima<span class=\"_ _5\"/>ted net<span class=\"_ _5\"/> pension costs <span class=\"_ _5\"/>to be rec<span class=\"_ _5\"/>ognized in the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed income sta<span class=\"_ _5\"/>tement<span class=\"_ _5\"/> in 2023 amounts <span class=\"_ _5\"/>to \u20ac0.3 million,<span class=\"_ _0\"/> relating t<span class=\"_ _5\"/>o net int<span class=\"_ _5\"/>erest char<span class=\"_ _5\"/>ges.<span class=\"_ _b\"/> The estimat<span class=\"_ _5\"/>ed weigh<span class=\"_ _5\"/>ted a<span class=\"_ _5\"/>verage dur<span class=\"_ _5\"/>ation o<span class=\"_ _5\"/>f the defined benefit<span class=\"_ _5\"/> obligation is around 1<span class=\"_ _b\"/>5 years.(B) Ac<span class=\"_ _5\"/>er Group P<span class=\"_ _5\"/>ension Scheme (<span class=\"_ _6\"/>AGPS)Plan assets al<span class=\"_ _5\"/>locationAll inv<span class=\"_ _5\"/>ested asse<span class=\"_ _5\"/>ts shown in the tabl<span class=\"_ _5\"/>e below<span class=\"_ _5\"/> are quot<span class=\"_ _5\"/>ed.In \u20ac thousands / %<span class=\"_ _24c\"> </span>2<span class=\"_ _6\"/>022<span class=\"_ _176\"> </span><span class=\"ls3 ws1\">%<span class=\"_ _109\"> </span></span>2021<span class=\"_ _176\"> </span>Equities<span class=\"_ _16c\"> </span>21,3<span class=\"_ _6\"/>8<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _15b\"> </span>13<span class=\"_ _19a\"> </span><span class=\"ls3 ws1\">67<span class=\"_ _b\"/>,830 <span class=\"_ _160\"> </span><span class=\"lsf0 ws10c\">24<span class=\"_ _6\"/> </span></span>Fixed income<span class=\"_ _29d\"> </span><span class=\"ls102 ws11a\"> 1,2<span class=\"_ _6\"/>19<span class=\"_ _6\"/> <span class=\"_ _176\"> </span></span>1<span class=\"_ _46\"> </span><span class=\"ls10d ws10d\"> 45<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>92<span class=\"_ _6\"/> <span class=\"_ _15b\"> </span><span class=\"lsef ws10b\">16<span class=\"_ _6\"/> </span></span>Property and real es<span class=\"_ _5\"/>tate<span class=\"_ _135\"> </span><span class=\"ls10e ws111\"> 11,<span class=\"_ _7\"/>9<span class=\"_ _6\"/>4<span class=\"_ _6\"/>1<span class=\"_ _7\"/> <span class=\"_ _176\"> </span></span><span class=\"ls3\">7<span class=\"_ _111\"> </span><span class=\"ls10d ws10d\"> 2,<span class=\"_ _6\"/>922<span class=\"_ _6\"/> <span class=\"_ _176\"> </span></span>1 </span>Hedge funds<span class=\"_ _1b\"> </span> 88<span class=\"_ _6\"/>,535<span class=\"_ _6\"/> <span class=\"_ _160\"> </span>52<span class=\"_ _37\"> </span><span class=\"lsee ws11e\"> 13<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>6<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _160\"> </span><span class=\"ls3 ws1\">48 </span></span>Cash<span class=\"_ _216\"> </span> 1<span class=\"_ _6\"/>,<span class=\"_ _7\"/>11<span class=\"_ _6\"/>9<span class=\"_ _7\"/> <span class=\"_ _176\"> </span><span class=\"ls3 ws1\">1<span class=\"_ _111\"> </span><span class=\"ls48 ws167\"> 1,562 <span class=\"_ _176\"> </span></span>1 </span>1Others 43,5<span class=\"_ _6\"/>0<span class=\"_ _6\"/>8 <span class=\"_ _15b\"> </span>26<span class=\"_ _223\"> </span><span class=\"ls9d ws1\"> 29,258 <span class=\"_ _15b\"> </span><span class=\"lsec ws108\">10<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal at<span class=\"_ _5\"/> 31 December<span class=\"_ _29e\"> </span>1<span class=\"_ _6\"/>6<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>7<span class=\"_ _6\"/>11<span class=\"_ _159\"> </span><span class=\"ls6f ws77\">10<span class=\"_ _7\"/>0<span class=\"_ _29\"> </span><span class=\"ls117 ws134\">279<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>31<span class=\"_ _8b\"> </span></span>10<span class=\"_ _6\"/>0</span>1  Others include al<span class=\"_ _5\"/>ternatives,<span class=\"_ _b\"/> return seeking credit and insur<span class=\"_ _5\"/>ed pensionsActuarial assumptionsThe principal actuarial assump<span class=\"_ _5\"/>tions at<span class=\"_ _5\"/> the reporting dat<span class=\"_ _5\"/>es are:In %<span class=\"_ _1c0\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _83\"> </span></span><span class=\"fs7b lscd wse4\">2021</span>Discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _209\"> </span><span class=\"wsac\">4<span class=\"_ _6\"/>.9<span class=\"_ _6\"/>0 <span class=\"_ _109\"> </span>2.00<span class=\"_ _6\"/> </span>Pension increases<span class=\"_ _204\"> </span><span class=\"wsac\">2.05<span class=\"_ _6\"/>-3.45<span class=\"_ _bc\"> </span></span> 2.15-3.6<span class=\"_ _6\"/>0 Retail pric<span class=\"_ _5\"/>e index inflation<span class=\"_ _29f\"> </span><span class=\"wsac\">3.40<span class=\"_ _6\"/> <span class=\"_ _3b\"> </span></span> 3.6<span class=\"_ _6\"/>0 Consumer pric<span class=\"_ _5\"/>e index inflation<span class=\"_ _1d9\"> </span><span class=\"wsac\">2.40<span class=\"_ _133\"> </span>2.60</span>The discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e is based on yields on UK<span class=\"_ _5\"/> AA-ra<span class=\"_ _5\"/>ted high-quality<span class=\"_ _5\"/> corpora<span class=\"_ _5\"/>te bonds,<span class=\"_ _b\"/> with dura<span class=\"_ _5\"/>tions comparable to <span class=\"_ _5\"/>the duration o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the pension plan\u2019<span class=\"_ _5\"/>s liabilities.<span class=\"_ _5\"/> Based on the assump<span class=\"_ _5\"/>tions described in this not<span class=\"_ _b\"/>e,<span class=\"_ _5\"/> these paymen<span class=\"_ _5\"/>ts have an a<span class=\"_ _5\"/>vera<span class=\"_ _5\"/>ge duration o<span class=\"_ _5\"/>f 1<span class=\"_ _b\"/>5 years.Demographic assump<span class=\"_ _5\"/>tions regarding futur<span class=\"_ _5\"/>e mor<span class=\"_ _6\"/>tality ar<span class=\"_ _5\"/>e based on published statis<span class=\"_ _5\"/>tics and mor<span class=\"_ _6\"/>tality <span class=\"_ _5\"/>tables.<span class=\"_ _b\"/> The current<span class=\"_ _5\"/> life expectancy underl<span class=\"_ _b\"/>ying the val<span class=\"_ _5\"/>ues of <span class=\"_ _5\"/>the liabilities in the defined benefit plans ar<span class=\"_ _5\"/>e as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In years<span class=\"_ _29c\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span><span class=\"fs7b lscd wse4\">2<span class=\"_ _6\"/>021</span>Male<span class=\"_ _5\"/>/femal<span class=\"_ _5\"/>e currentl<span class=\"_ _5\"/>y age 65 <span class=\"_ _1cb\"> </span>22.5/ 24.8<span class=\"_ _bc\"> </span>22.4/ 24.7Male<span class=\"_ _5\"/>/femal<span class=\"_ _5\"/>e reaching age o<span class=\"_ _5\"/>f 65 in 20 years<span class=\"_ _298\"> </span>23.8/ 26.2<span class=\"_ _e4\"> </span>23.8/ 26.1Sensitivity anal<span class=\"_ _b\"/>ysis The calcula<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the defined benefit obliga<span class=\"_ _5\"/>tion is sensitive t<span class=\"_ _5\"/>o,<span class=\"_ _b\"/> amongst o<span class=\"_ _5\"/>thers,<span class=\"_ _b\"/> the discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> ra<span class=\"_ _5\"/>te o<span class=\"_ _5\"/>f inflation and changes in life e<span class=\"_ _5\"/>xpectanc<span class=\"_ _6\"/>y<span class=\"_ _b\"/>.<span class=\"_ _5\"/> In 2022,<span class=\"_ _0\"/> the sensitivity anal<span class=\"_ _b\"/>ysis was as f<span class=\"_ _b\"/>ollows:Change in<span class=\"ls3\"> </span>Change in <span class=\"_ _9\"/><span class=\"ls3\"> </span>In % / \u20ac thousandsassumptionspension liabilityDiscount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _276\"> </span><span class=\"ls119 ws136\">0.5%<span class=\"_ _c4\"> </span><span class=\"lsfb ws117\">1<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>14<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>Rat<span class=\"_ _5\"/>e of in<span class=\"_ _5\"/>flation<span class=\"_ _20a\"> </span><span class=\"ls119 ws136\">0.<span class=\"_ _6\"/>5%<span class=\"_ _4b\"> </span><span class=\"ls12d ws14f\">6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>76<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span></span>Life expectancy<span class=\"_ _1f9\"> </span>one-year incr<span class=\"_ _5\"/>ease<span class=\"_ _111\"> </span><span class=\"ls12d ws116\"> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>76<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span>The sensitivity anal<span class=\"_ _b\"/>ysis as disclosed in the 20<span class=\"_ _5\"/>21 <span class=\"_ _5\"/>financial stat<span class=\"_ _b\"/>ements was as f<span class=\"_ _5\"/>ollo<span class=\"_ _5\"/>ws:Change in<span class=\"ls3\"> </span>Change in <span class=\"_ _9\"/><span class=\"ls3\"> </span>In % / \u20ac thousandsassumptionspension liabilityDiscount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _276\"> </span><span class=\"ls119 ws136\">0.5%<span class=\"_ _170\"> </span><span class=\"ls3e ws3a\">22,<span class=\"_ _6\"/>601<span class=\"_ _6\"/> </span></span>Rat<span class=\"_ _5\"/>e of in<span class=\"_ _5\"/>flation<span class=\"_ _20a\"> </span><span class=\"ls119 ws136\">0.<span class=\"_ _6\"/>5%<span class=\"_ _170\"> </span><span class=\"lsee ws10a\">13<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>8<span class=\"_ _6\"/>5<span class=\"_ _7\"/> </span></span>Life expectancy<span class=\"_ _11c\"> </span>one-year change<span class=\"_ _223\"> </span><span class=\"ls10e ws111\"> 11<span class=\"_ _6\"/>,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>9<span class=\"_ _7\"/>5<span class=\"_ _7\"/> </span>Defined benefit liability<span class=\"_ _5\"/> and employer<span class=\"_ _5\"/> contributionsThe Group has agr<span class=\"_ _5\"/>eed that<span class=\"_ _5\"/> it wil<span class=\"_ _5\"/>l aim to elimina<span class=\"_ _b\"/>te any pension plan de<span class=\"_ _5\"/>ficit within the ne<span class=\"_ _5\"/>xt nine years.<span class=\"_ _b\"/> Theref<span class=\"_ _5\"/>ore,<span class=\"_ _0\"/> funding levels ar<span class=\"_ _5\"/>e monitored on an annua<span class=\"_ _5\"/>l basis.The Company<span class=\"_ _5\"/> expects \u20ac3.3 million in contributions <span class=\"_ _5\"/>to be paid <span class=\"_ _5\"/>to the plan in 2<span class=\"_ _5\"/>023.<span class=\"_ _b\"/> The estima<span class=\"_ _5\"/>ted net<span class=\"_ _5\"/> pension costs to be r<span class=\"_ _5\"/>ecognized in the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed income sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>t in 2023 amoun<span class=\"_ _5\"/>ts to \u20ac0.3 mil<span class=\"_ _5\"/>lion,<span class=\"_ _5\"/> rela<span class=\"_ _5\"/>ting to ne<span class=\"_ _5\"/>t int<span class=\"_ _5\"/>erest char<span class=\"_ _5\"/>ges.<span class=\"_ _b\"/> The estimat<span class=\"_ _5\"/>ed weigh<span class=\"_ _5\"/>ted a<span class=\"_ _5\"/>verage dur<span class=\"_ _5\"/>ation o<span class=\"_ _5\"/>f the defined benefit<span class=\"_ _5\"/> obligation is around 1<span class=\"_ _b\"/>5 years.(C) Arcadis ME End o<span class=\"_ _b\"/>f ser<span class=\"_ _6\"/>vice benefits (AME)Plan assetsThere is no loca<span class=\"_ _5\"/>l regulation <span class=\"_ _5\"/>that r<span class=\"_ _5\"/>equires a lev<span class=\"_ _5\"/>el of<span class=\"_ _5\"/> funding of<span class=\"_ _5\"/> the plan,<span class=\"_ _b\"/> theref<span class=\"_ _5\"/>ore no assets ha<span class=\"_ _5\"/>ve been set aside to fund these arrangemen<span class=\"_ _5\"/>ts.Actuarial assumptionsThe principal actuarial assump<span class=\"_ _5\"/>tions at<span class=\"_ _5\"/> the reporting dat<span class=\"_ _5\"/>e are:In %<span class=\"_ _1c0\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _83\"> </span></span><span class=\"fs7b lscd wse4\">2021</span>Discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _2a0\"> </span><span class=\"ws44\">4.60 - 4<span class=\"_ _6\"/>.75<span class=\"_ _e4\"> </span>0<span class=\"_ _6\"/>.70 -<span class=\"_ _b\"/> <span class=\"_ _7\"/>1.7<span class=\"_ _5\"/>5</span>Salary increases (expect<span class=\"_ _5\"/>ed,<span class=\"_ _5\"/> per annum)<span class=\"_ _21e\"> </span><span class=\"ws44\">0 - 2.0<span class=\"_ _6\"/>0<span class=\"_ _57\"> </span>0 - 2.0<span class=\"_ _6\"/>0</span>As there is no deep mark<span class=\"_ _5\"/>et in corpor<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e bonds within the Gul<span class=\"_ _5\"/>f Cooper<span class=\"_ _5\"/>ation Council (GC<span class=\"_ _5\"/>C) region and the limited number<span class=\"_ _5\"/> of go<span class=\"_ _5\"/>vernment<span class=\"_ _5\"/> bonds availabl<span class=\"_ _5\"/>e do not pr<span class=\"_ _5\"/>ovide an adequa<span class=\"_ _5\"/>te re<span class=\"_ _5\"/>ferenc<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> the discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e is based on the US <span class=\"_ _5\"/>A<span class=\"_ _6\"/>A-ra<span class=\"_ _b\"/>ted corpora<span class=\"_ _5\"/>te bond mark<span class=\"_ _5\"/>et as a pr<span class=\"_ _5\"/>oxy<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The paymen<span class=\"_ _5\"/>ts have an a<span class=\"_ _b\"/>verage dura<span class=\"_ _5\"/>tion of three y<span class=\"_ _5\"/>ears,<span class=\"_ _b\"/> which is lower<span class=\"_ _5\"/> than in previous <span class=\"_ _5\"/>years due t<span class=\"_ _5\"/>o the str<span class=\"_ _5\"/>at<span class=\"_ _5\"/>egic decision made in 202<span class=\"_ _5\"/>0 to r<span class=\"_ _5\"/>educe the foo<span class=\"_ _5\"/>tprint in <span class=\"_ _5\"/>the Middle East.<span class=\"_ _b\"/>  Demographic assump<span class=\"_ _5\"/>tions for<span class=\"_ _5\"/> mortality<span class=\"_ _5\"/>,<span class=\"_ _b\"/> withdraw<span class=\"_ _5\"/>al,<span class=\"_ _b\"/> and retirement<span class=\"_ _5\"/> are used in det<span class=\"_ _5\"/>ermining the liability<span class=\"_ _b\"/>. Because of<span class=\"_ _5\"/> the natur<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> the benefit,<span class=\"_ _b\"/> which is a lump sum pa<span class=\"_ _5\"/>yable on exit<span class=\"_ _5\"/> due to an<span class=\"_ _5\"/>y cause,<span class=\"_ _0\"/> a combined single decrement<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e has been used.<span class=\"_ _b\"/> The retir<span class=\"_ _5\"/>ement age used <span class=\"_ _5\"/>for<span class=\"_ _5\"/> the actuarial v<span class=\"_ _5\"/>alua<span class=\"_ _5\"/>tions is as fol<span class=\"_ _5\"/>lows:In years<span class=\"_ _29c\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span><span class=\"fs7b lscd wse4\">2<span class=\"_ _6\"/>021</span>Male<span class=\"_ _5\"/>/femal<span class=\"_ _5\"/>e Saudi Arabia<span class=\"_ _118\"> </span><span class=\"ls6f ws13a\">6<span class=\"_ _6\"/>0/ 55<span class=\"_ _1ae\"> </span>6<span class=\"_ _6\"/>0/<span class=\"_ _6\"/> 55</span>Male<span class=\"_ _5\"/>/femal<span class=\"_ _5\"/>e other coun<span class=\"_ _5\"/>tries<span class=\"_ _1a3\"> </span><span class=\"lsb8 ws18f\">65/ 65<span class=\"_ _1ae\"> </span>65/ 65</span>Sensitivity anal<span class=\"_ _b\"/>ysis The calcula<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the liability o<span class=\"_ _5\"/>f AME is sensitiv<span class=\"_ _5\"/>e t<span class=\"_ _5\"/>o the discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e and salary increases.<span class=\"_ _b\"/> In 2022<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the sensitivity anal<span class=\"_ _5\"/>ysis was as fol<span class=\"_ _5\"/>lows:Change in<span class=\"ls3\"> </span>Change in <span class=\"_ _9\"/><span class=\"ls3\"> </span>In % / \u20ac thousandsassumptionspension liabilityDiscount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _276\"> </span><span class=\"ls119 ws136\">0.5%<span class=\"_ _156\"> </span>57 </span>Salary increases<span class=\"_ _74\"> </span><span class=\"ls119 ws136\">0.5%<span class=\"_ _156\"> </span><span class=\"lsf1 ws10d\">63<span class=\"_ _6\"/> </span></span>The sensitivity anal<span class=\"_ _b\"/>ysis as disclosed in the 20<span class=\"_ _5\"/>21 <span class=\"_ _5\"/>financial stat<span class=\"_ _b\"/>ements was as f<span class=\"_ _5\"/>ollo<span class=\"_ _5\"/>ws:Change in<span class=\"ls3\"> </span>Change in <span class=\"_ _9\"/><span class=\"ls3\"> </span>In % / \u20ac thousandsassumptionspension liabilityDiscount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _276\"> </span><span class=\"ls119 ws136\">0.5%<span class=\"_ _8b\"> </span><span class=\"ls102 ws11e\">19<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>Salary increases<span class=\"_ _74\"> </span><span class=\"ls119 ws136\">0.5%<span class=\"_ _53\"> </span></span> 258 Defined benefit liability<span class=\"_ _5\"/> and employer<span class=\"_ _5\"/> contributionsThe Company<span class=\"_ _5\"/> expects \u20ac78<span class=\"_ _5\"/>1 million of<span class=\"_ _5\"/> ser<span class=\"_ _6\"/>vice cos<span class=\"_ _5\"/>ts and \u20ac469 million of in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t costs <span class=\"_ _5\"/>to be rec<span class=\"_ _5\"/>ognized in the Consolida<span class=\"_ _5\"/>ted income s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ement in 20<span class=\"_ _5\"/>23.<span class=\"_ _b\"/> The estimat<span class=\"_ _5\"/>ed weigh<span class=\"_ _5\"/>ted a<span class=\"_ _5\"/>verage dur<span class=\"_ _5\"/>ation o<span class=\"_ _5\"/>f the de<span class=\"_ _5\"/>fined benefit obligation is ar<span class=\"_ _5\"/>ound 1 year<span class=\"_ _0\"/>.(D) Other de<span class=\"_ _5\"/>fined benefit pension plansThe other<span class=\"_ _5\"/> defined benefit pension plans are individual<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> immat<span class=\"_ _5\"/>erial and mainl<span class=\"_ _5\"/>y rela<span class=\"_ _5\"/>te <span class=\"_ _5\"/>to Fr<span class=\"_ _5\"/>ance,<span class=\"_ _0\"/> Germany and the UK.<span class=\"_ _5\"/> No detailed discl<span class=\"_ _5\"/>osures f<span class=\"_ _5\"/>or these individua<span class=\"_ _5\"/>l plans are provided.<span class=\"_ _0\"/> For <span class=\"_ _5\"/>the movement<span class=\"_ _5\"/> in the balance sheet position o<span class=\"_ _b\"/>f these other<span class=\"_ _5\"/> defined benefit pension plans in t<span class=\"_ _5\"/>ota<span class=\"_ _5\"/>l we re<span class=\"_ _5\"/>fer <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the table belo<span class=\"_ _5\"/>w<span class=\"_ _b\"/>.Other de<span class=\"_ _5\"/>ferred c<span class=\"_ _5\"/>ompensation plans The other<span class=\"_ _5\"/> deferr<span class=\"_ _5\"/>ed compensation plans c<span class=\"_ _5\"/>onsist o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>owing balances:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Deferr<span class=\"_ _5\"/>ed salaries<span class=\"_ _1b4\"> </span><span class=\"ls119 ws136\">9,039 <span class=\"_ _223\"> </span><span class=\"ls10e ws104\">11<span class=\"_ _6\"/>,<span class=\"_ _7\"/>0<span class=\"_ _7\"/>0<span class=\"_ _6\"/>1<span class=\"_ _7\"/> </span></span>Future jubil<span class=\"_ _5\"/>ee payments<span class=\"_ _1f1\"> </span> 3,256 <span class=\"_ _19a\"> </span><span class=\"ls47 ws149\"> 4,6<span class=\"_ _6\"/>45 </span>Other<span class=\"_ _270\"> </span><span class=\"lsef ws11c\"> 5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>478<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span></span><span class=\"ws1\"> 5,82<span class=\"_ _6\"/>2 </span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _203\"> </span> 1<span class=\"_ _b\"/>7,773 <span class=\"_ _18a\"> </span><span class=\"ls117 ws12a\"> 21,4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>8<span class=\"_ _6\"/> </span>The movemen<span class=\"_ _5\"/>t in the o<span class=\"_ _5\"/>ther def<span class=\"_ _5\"/>erred compensa<span class=\"_ _5\"/>tion is as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _1ed\"> </span><span class=\"fc6 ls117 ws12a\"> 21,4<span class=\"_ _6\"/>69<span class=\"_ _6\"/> <span class=\"_ _a0\"> </span></span><span class=\"lsf0 ws15c\"> 19<span class=\"_ _6\"/>,<span class=\"_ _6\"/>475<span class=\"_ _6\"/> </span>Acquisitions<span class=\"_ _6a\"> </span><span class=\"ls111 ws20\"> (<span class=\"_ _6\"/>31)<span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - </span></span>Additions<span class=\"_ _225\"> </span><span class=\"ls110 ws15f\"> 81 <span class=\"_ _8d\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>18<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span></span>Amounts used/<span class=\"_ _5\"/>released<span class=\"_ _2a1\"> </span> (4,465)<span class=\"_ _52\"> </span> (25)Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _184\"> </span><span class=\"ls102 ws11a\"> 719<span class=\"_ _6\"/> <span class=\"_ _109\"> </span><span class=\"ls3 ws137\"> 834 </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _203\"> </span> 1<span class=\"_ _b\"/>7,773 <span class=\"_ _38\"> </span><span class=\"ls117 ws134\">21,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>8</span>Non-current<span class=\"_ _245\"> </span><span class=\"lsf9 ws178\"> 12,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>6<span class=\"_ _7\"/>4<span class=\"_ _6\"/> <span class=\"_ _71\"> </span><span class=\"ls10f ws129\"> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _7\"/>91<span class=\"_ _6\"/> </span></span>Current<span class=\"_ _1ec\"> </span><span class=\"ws1\"> 4,8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9 <span class=\"_ _8d\"> </span><span class=\"lsfe ws5b\"> 5,<span class=\"_ _6\"/>578<span class=\"_ _6\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _203\"> </span> 1<span class=\"_ _b\"/>7,773 <span class=\"_ _18a\"> </span><span class=\"ls117 ws12a\"> 21,4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span>Def<span class=\"_ _5\"/>erred salariesThe def<span class=\"_ _5\"/>erred salaries mainl<span class=\"_ _5\"/>y include a plan <span class=\"_ _5\"/>for<span class=\"_ _5\"/> deferr<span class=\"_ _5\"/>ed compensation o<span class=\"_ _5\"/>f our oper<span class=\"_ _5\"/>ating compan<span class=\"_ _5\"/>y in the United S<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>es.<span class=\"_ _b\"/> Management o<span class=\"_ _5\"/>f this opera<span class=\"_ _b\"/>ting company can elect no<span class=\"_ _5\"/>t <span class=\"_ _5\"/>to ha<span class=\"_ _5\"/>ve its salary paid out,<span class=\"_ _b\"/> but ra<span class=\"_ _5\"/>ther inves<span class=\"_ _5\"/>ted in a fund b<span class=\"_ _5\"/>y the C<span class=\"_ _5\"/>ompany<span class=\"_ _b\"/>,<span class=\"_ _5\"/> and is off<span class=\"_ _5\"/>ered a choice o<span class=\"_ _5\"/>f three diff<span class=\"_ _5\"/>erent portfolio <span class=\"_ _5\"/>types: risk a<span class=\"_ _5\"/>verse,<span class=\"_ _b\"/> neutral and risky<span class=\"_ _b\"/>.<span class=\"_ _b\"/> The risk is the r<span class=\"_ _5\"/>esponsibility of<span class=\"_ _5\"/> the participants.<span class=\"_ _b\"/> The relat<span class=\"_ _b\"/>ed assets are included in not<span class=\"_ _b\"/>e 20<span class=\"_ _6\"/> for<span class=\"_ _5\"/> an amount o<span class=\"_ _5\"/>f \u20ac9 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac1<span class=\"_ _b\"/>1 million).Future jubil<span class=\"_ _5\"/>ee paymentsAn amount o<span class=\"_ _b\"/>f \u20ac3.3 million is recogniz<span class=\"_ _5\"/>ed for<span class=\"_ _5\"/> future jubil<span class=\"_ _5\"/>ee payments based on <span class=\"_ _5\"/>the current a<span class=\"_ _5\"/>greements in the coll<span class=\"_ _5\"/>ective labor agreemen<span class=\"_ _5\"/>ts and the rela<span class=\"_ _5\"/>ted sta<span class=\"_ _5\"/>ff lev<span class=\"_ _5\"/>els (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac4.6 million).<span class=\"_ _5\"/> OtherOther def<span class=\"_ _b\"/>erred compensation includes \u20ac5.1 mil<span class=\"_ _5\"/>lion of l<span class=\"_ _5\"/>ong ser<span class=\"_ _6\"/>vice lea<span class=\"_ _5\"/>ve pro<span class=\"_ _5\"/>visions in Austra<span class=\"_ _5\"/>lia,<span class=\"_ _5\"/> where employ<span class=\"_ _5\"/>ees are entitled <span class=\"_ _5\"/>to long service lea<span class=\"_ _5\"/>ve aft<span class=\"_ _5\"/>er a certain number o<span class=\"_ _5\"/>f years o<span class=\"_ _5\"/>f con<span class=\"_ _5\"/>tinuous service<span class=\"_ _6\"/> (202<span class=\"_ _b\"/>1: \u20ac5.1 million).<span class=\"_ _0\"/> The time al<span class=\"_ _5\"/>lowanc<span class=\"_ _5\"/>e and conditions of<span class=\"_ _5\"/> entitlement<span class=\"_ _5\"/> are set out<span class=\"_ _5\"/> in legisla<span class=\"_ _5\"/>tion and vary by <span class=\"_ _5\"/>territ<span class=\"_ _5\"/>ory<span class=\"_ _5\"/>.<span class=\"_ _5\"/> An amount<span class=\"_ _5\"/> of<span class=\"_ _5\"/> \u20ac3.6 million is expected <span class=\"_ _5\"/>to be paid within one <span class=\"_ _5\"/>year (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac3.8 million).<span class=\"_ _b\"/> 29 <span class=\"_ _2\"> </span>Provisions <span class=\"_ _5\"/>for<span class=\"_ _5\"/> other<span class=\"_ _b\"/> liabilities and chargesProvisions are r<span class=\"_ _5\"/>ecognized when <span class=\"_ _5\"/>there is a present<span class=\"_ _5\"/> obligation (legal or<span class=\"_ _5\"/> constructive) as a resul<span class=\"_ _b\"/>t of a past<span class=\"_ _5\"/> event,<span class=\"_ _b\"/> a reliable estimat<span class=\"_ _5\"/>e can be made o<span class=\"_ _5\"/>f the amount<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the obligation,<span class=\"_ _b\"/> and it is probable tha<span class=\"_ _5\"/>t an outflow<span class=\"_ _5\"/> of economic bene<span class=\"_ _5\"/>fits will be required <span class=\"_ _5\"/>to settle <span class=\"_ _5\"/>the obligation.<span class=\"_ _b\"/> Provisions are measured a<span class=\"_ _5\"/>t net<span class=\"_ _5\"/> present v<span class=\"_ _5\"/>alue,<span class=\"_ _b\"/> taking int<span class=\"_ _5\"/>o accoun<span class=\"_ _5\"/>t the timing o<span class=\"_ _5\"/>f the cash outflows.<span class=\"_ _b\"/> The discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e used reflects the curren<span class=\"_ _5\"/>t marke<span class=\"_ _5\"/>t assessments of<span class=\"_ _5\"/> the time <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f money and <span class=\"_ _5\"/>the risks specific to <span class=\"_ _5\"/>the liability<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Unwinding of<span class=\"_ _5\"/> the discount<span class=\"_ _5\"/> is recognized as a <span class=\"_ _5\"/>finance expense (see not<span class=\"_ _5\"/>e 11).The amounts recogniz<span class=\"_ _5\"/>ed as provisions re<span class=\"_ _5\"/>flect management\u2019s bes<span class=\"_ _5\"/>t estimat<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> the expenditures requir<span class=\"_ _5\"/>ed to se<span class=\"_ _5\"/>ttle the present<span class=\"_ _5\"/> obligations at<span class=\"_ _5\"/> the balance shee<span class=\"_ _5\"/>t dat<span class=\"_ _5\"/>e or t<span class=\"_ _5\"/>o transf<span class=\"_ _5\"/>er it <span class=\"_ _5\"/>to a third party a<span class=\"_ _5\"/>t tha<span class=\"_ _5\"/>t time<span class=\"_ _5\"/>.In \u20ac thousands<span class=\"_ _43\"> </span>Restructuring<span class=\"_ _147\"> </span>Litigation<span class=\"_ _108\"> </span>Restora<span class=\"_ _5\"/>tion<span class=\"_ _d2\"> </span>Other<span class=\"_ _114\"> </span><span class=\"ff1 ls163 ws193\">To<span class=\"_ _6\"/>t<span class=\"_ _6\"/>a<span class=\"_ _7\"/>l</span>Balance a<span class=\"_ _5\"/>t 1 January 2021 <span class=\"_ _f9\"> </span> 2<span class=\"_ _7\"/>,<span class=\"_ _6\"/>11<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _d7\"> </span><span class=\"ls3 ws137\"> 20,644 <span class=\"_ _e5\"> </span></span> 6,262<span class=\"_ _6\"/> <span class=\"_ _a9\"> </span><span class=\"ls147 ws172\"> 7,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>1<span class=\"_ _6\"/>2<span class=\"_ _7\"/> <span class=\"_ _d7\"> </span></span> 36,8<span class=\"_ _6\"/>34 Additions<span class=\"_ _84\"> </span> 3,<span class=\"_ _5\"/>623 <span class=\"_ _b6\"> </span><span class=\"ls10e ws111\"> 11,<span class=\"_ _7\"/>41<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _19a\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _39\"> </span></span> 2<span class=\"_ _7\"/>,<span class=\"_ _6\"/>117<span class=\"_ _7\"/> <span class=\"_ _b6\"> </span><span class=\"lsed ws163\"> 17,<span class=\"_ _7\"/>1<span class=\"_ _6\"/>5<span class=\"_ _7\"/>0<span class=\"_ _7\"/> </span></span>Amounts used<span class=\"_ _2a2\"> </span> (2,758)<span class=\"_ _b6\"> </span> (1,933<span class=\"_ _5\"/>)<span class=\"_ _170\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _b2\"> </span></span> (1,321<span class=\"_ _b\"/>)<span class=\"_ _174\"> </span> (6,012<span class=\"_ _5\"/>)Release o<span class=\"_ _5\"/>f unused amounts<span class=\"_ _150\"> </span><span class=\"ls3e ws132\"> (79<span class=\"_ _6\"/>8)<span class=\"_ _b6\"> </span></span> (2,798)<span class=\"_ _170\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _a9\"> </span></span> (3,379)<span class=\"_ _b7\"> </span> (6<span class=\"_ _6\"/>,975)Reclassifications<span class=\"_ _165\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _b2\"> </span></span> (1,1<span class=\"_ _5\"/>72)<span class=\"_ _e5\"> </span><span class=\"lsef ws11c\"> 1,6<span class=\"_ _6\"/>52<span class=\"_ _6\"/> <span class=\"_ _d3\"> </span><span class=\"ls3 ws137\"> 48<span class=\"_ _6\"/>0 </span></span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _1b0\"> </span><span class=\"ls110 ws15f\"> 81 <span class=\"_ _55\"> </span> 353 <span class=\"_ _4d\"> </span></span> (251<span class=\"_ _5\"/>)<span class=\"_ _bc\"> </span><span class=\"ls5b ws138\"> 220 <span class=\"_ _55\"> </span><span class=\"ls119 ws17c\"> 4<span class=\"_ _6\"/>03 </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2021 <span class=\"_ _2a3\"> </span>2,26<span class=\"_ _6\"/>4<span class=\"_ _b3\"> </span><span class=\"ls147 ws163\">2<span class=\"_ _6\"/>7,<span class=\"_ _6\"/>6<span class=\"_ _7\"/>7<span class=\"_ _6\"/>6<span class=\"_ _d2\"> </span></span>4,839<span class=\"_ _bc\"> </span><span class=\"ls147 ws163\">7,<span class=\"_ _7\"/>1<span class=\"_ _6\"/>0<span class=\"_ _6\"/>1<span class=\"_ _e5\"> </span><span class=\"ls141 ws16b\">4<span class=\"_ _b\"/>1,<span class=\"_ _5\"/>880</span></span>Additions<span class=\"_ _84\"> </span> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>618<span class=\"_ _6\"/> <span class=\"_ _b2\"> </span> 7,<span class=\"_ _7\"/>9<span class=\"_ _7\"/>2<span class=\"_ _6\"/>7<span class=\"_ _7\"/> <span class=\"_ _d3\"> </span> 866 <span class=\"_ _b3\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>39<span class=\"_ _7\"/>9 <span class=\"_ _ac\"> </span> 16<span class=\"_ _6\"/>,<span class=\"_ _6\"/>810<span class=\"_ _6\"/> </span>Amounts used<span class=\"_ _2a2\"> </span> (3,138)<span class=\"_ _b7\"> </span> (2,238)<span class=\"_ _e0\"> </span> (330)<span class=\"_ _e0\"> </span><span class=\"ls10c ws136\"> (8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>3)<span class=\"_ _b7\"> </span></span> (6,5<span class=\"_ _6\"/>09)Release o<span class=\"_ _5\"/>f unused amounts<span class=\"_ _150\"> </span><span class=\"ls119 ws17c\"> (28<span class=\"_ _6\"/>6)<span class=\"_ _b7\"> </span></span> (2,6<span class=\"_ _6\"/>89)<span class=\"_ _18a\"> </span> (1)<span class=\"_ _d4\"> </span><span class=\"ls57 ws164\"> (6<span class=\"_ _6\"/>54)<span class=\"_ _b6\"> </span></span> (3,630)Reclassifications<span class=\"_ _165\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _49\"> </span> 354 <span class=\"_ _4d\"> </span><span class=\"ls111 ws20\"> (<span class=\"_ _6\"/>10<span class=\"_ _6\"/>1)<span class=\"_ _d3\"> </span><span class=\"ls110 ws15f\"> 2<span class=\"_ _6\"/>53 </span></span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _1b0\"> </span> 37 <span class=\"_ _d3\"> </span> 28<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _4d\"> </span> (<span class=\"_ _7\"/>119<span class=\"_ _7\"/>)<span class=\"_ _39\"> </span><span class=\"lsee ws11e\"> (<span class=\"_ _6\"/>13<span class=\"_ _6\"/>2<span class=\"_ _6\"/>)<span class=\"_ _48\"> </span><span class=\"lsf7 ws17f\"> 74<span class=\"_ _7\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _2a3\"> </span>5,495<span class=\"_ _d9\"> </span>30,9<span class=\"_ _6\"/>6<span class=\"_ _6\"/>4<span class=\"_ _e0\"> </span>5,<span class=\"_ _b\"/>609<span class=\"_ _d4\"> </span><span class=\"ls6f ws77\">6,<span class=\"_ _6\"/>810<span class=\"_ _df\"> </span><span class=\"ls144 ws16f\">48<span class=\"_ _6\"/>,878</span></span>Non-current<span class=\"_ _26e\"> </span> 503 <span class=\"_ _ac\"> </span> 26<span class=\"_ _6\"/>,27<span class=\"_ _6\"/>2 <span class=\"_ _a9\"> </span> 4,70<span class=\"_ _6\"/>2 <span class=\"_ _a9\"> </span><span class=\"lsef ws11c\"> 5<span class=\"_ _6\"/>,316<span class=\"_ _6\"/> <span class=\"_ _63\"> </span><span class=\"ls3e ws132\"> 36<span class=\"_ _6\"/>,79<span class=\"_ _6\"/>4 </span></span>Current<span class=\"_ _90\"> </span> 4,<span class=\"_ _6\"/>991<span class=\"_ _6\"/> <span class=\"_ _b3\"> </span> 4,<span class=\"_ _6\"/>692<span class=\"_ _6\"/> <span class=\"_ _d3\"> </span> 9<span class=\"_ _6\"/>07<span class=\"_ _6\"/> <span class=\"_ _b3\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>49<span class=\"_ _7\"/>4 <span class=\"_ _63\"> </span><span class=\"ls13b ws198\"> 1<span class=\"_ _5\"/>2,<span class=\"_ _5\"/>084 </span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1a1\"> </span>5,495<span class=\"_ _d9\"> </span>30<span class=\"_ _6\"/>,96<span class=\"_ _6\"/>4<span class=\"_ _e0\"> </span>5,<span class=\"_ _5\"/>609<span class=\"_ _e0\"> </span><span class=\"ls6f ws77\">6<span class=\"_ _6\"/>,810<span class=\"_ _df\"> </span><span class=\"ls144 ws16f\">48<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>78</span></span>Res<span class=\"_ _5\"/>tructuringProvisions <span class=\"_ _5\"/>for r<span class=\"_ _5\"/>estructuring include costs r<span class=\"_ _5\"/>elat<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o certain staff compensa<span class=\"_ _5\"/>tion and costs directl<span class=\"_ _5\"/>y rela<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to the existing plans <span class=\"_ _5\"/>to ex<span class=\"_ _5\"/>ecute r<span class=\"_ _5\"/>estructurings,<span class=\"_ _b\"/> mainly in Middl<span class=\"_ _5\"/>e East,<span class=\"_ _b\"/> CallisonRTKL<span class=\"_ _5\"/> and Continen<span class=\"_ _5\"/>tal Europe<span class=\"_ _5\"/>.<span class=\"_ _5\"/> A provision is onl<span class=\"_ _b\"/>y recognized onc<span class=\"_ _5\"/>e the decision t<span class=\"_ _5\"/>o ex<span class=\"_ _5\"/>ecute said res<span class=\"_ _5\"/>tructuring has been taken,<span class=\"_ _b\"/> its costs can be reasonabl<span class=\"_ _5\"/>y and f<span class=\"_ _5\"/>airly<span class=\"_ _5\"/> estima<span class=\"_ _5\"/>ted,<span class=\"_ _b\"/> and its intended e<span class=\"_ _5\"/>xecution has been announced.<span class=\"_ _b\"/> LitigationClients o<span class=\"_ _5\"/>f Arca<span class=\"_ _5\"/>dis sometimes claim,<span class=\"_ _b\"/> justified or not,<span class=\"_ _0\"/> that<span class=\"_ _5\"/> they ar<span class=\"_ _5\"/>e not sa<span class=\"_ _b\"/>tisfied with the services provided by the Company<span class=\"_ _0\"/>.<span class=\"_ _5\"/> While <span class=\"_ _5\"/>the outcome o<span class=\"_ _5\"/>f these claims canno<span class=\"_ _b\"/>t be predicted with c<span class=\"_ _5\"/>er<span class=\"_ _6\"/>tainty<span class=\"_ _b\"/>,<span class=\"_ _b\"/> management believ<span class=\"_ _5\"/>es that,<span class=\"_ _0\"/> based on (external) a<span class=\"_ _5\"/>dvisors and informa<span class=\"_ _5\"/>tion received,<span class=\"_ _0\"/> the provision o<span class=\"_ _5\"/>f \u20ac3<span class=\"_ _5\"/>1 million (202<span class=\"_ _b\"/>1: \u20ac2<span class=\"_ _b\"/>7<span class=\"_ _b\"/>.7 million) is the best<span class=\"_ _5\"/> estimat<span class=\"_ _b\"/>e of the po<span class=\"_ _b\"/>tential <span class=\"_ _5\"/>financial risk<span class=\"_ _6\"/>,<span class=\"_ _b\"/> net o<span class=\"_ _5\"/>f insurance c<span class=\"_ _5\"/>overa<span class=\"_ _5\"/>ge.<span class=\"_ _b\"/> These insurance policies incl<span class=\"_ _5\"/>ude a global pr<span class=\"_ _5\"/>of<span class=\"_ _5\"/>essional liability insuranc<span class=\"_ _5\"/>e and in addition,<span class=\"_ _b\"/> local insurance in a number<span class=\"_ _5\"/> of<span class=\"_ _5\"/> countries.<span class=\"_ _b\"/> In general,<span class=\"_ _5\"/> these insurance policies ha<span class=\"_ _5\"/>ve a sel<span class=\"_ _5\"/>f-<span class=\"_ _b\"/> insured ret<span class=\"_ _5\"/>ention and a maximum pay<span class=\"_ _5\"/>-out lev<span class=\"_ _5\"/>el.Outstanding litiga<span class=\"_ _5\"/>tion (including the pro<span class=\"_ _5\"/>visions,<span class=\"_ _b\"/> defense costs and r<span class=\"_ _5\"/>eimbursement c<span class=\"_ _5\"/>overa<span class=\"_ _5\"/>ge) is review<span class=\"_ _5\"/>ed<span class=\"_ _6\"/> periodicall<span class=\"_ _b\"/>y and revisions are ma<span class=\"_ _5\"/>de when necessary<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Since the out<span class=\"_ _5\"/>come cannot<span class=\"_ _5\"/> be predicted <span class=\"_ _5\"/>with certainty and settlemen<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> claims could <span class=\"_ _5\"/>take sev<span class=\"_ _5\"/>eral y<span class=\"_ _5\"/>ears,<span class=\"_ _5\"/> final settl<span class=\"_ _5\"/>ement c<span class=\"_ _5\"/>ould differ <span class=\"_ _5\"/>from this best<span class=\"_ _5\"/> estima<span class=\"_ _5\"/>te.F<span class=\"_ _5\"/>or IBI and DPS acquisitions,<span class=\"_ _0\"/> the Group has conducted a pr<span class=\"_ _5\"/>eliminar<span class=\"_ _6\"/>y assessment<span class=\"_ _5\"/> of<span class=\"_ _5\"/> the pot<span class=\"_ _5\"/>ential c<span class=\"_ _5\"/>ontingent liabilities and will c<span class=\"_ _5\"/>ontinue t<span class=\"_ _5\"/>o review<span class=\"_ _5\"/> these ma<span class=\"_ _5\"/>tters during the measur<span class=\"_ _5\"/>ement period.<span class=\"_ _b\"/> See not<span class=\"_ _5\"/>e 6 f<span class=\"_ _5\"/>or further details on business combina<span class=\"_ _5\"/>tion disclosures.<span class=\"_ _b\"/> Further inf<span class=\"_ _5\"/>ormation ordinaril<span class=\"_ _b\"/>y required b<span class=\"_ _5\"/>y IAS 37 has no<span class=\"_ _5\"/>t been disclosed on <span class=\"_ _5\"/>the grounds tha<span class=\"_ _5\"/>t it can be expected <span class=\"_ _5\"/>to seriousl<span class=\"_ _5\"/>y prejudic<span class=\"_ _5\"/>e the out<span class=\"_ _5\"/>come of<span class=\"_ _5\"/> the disputes.Res<span class=\"_ _5\"/>tora<span class=\"_ _5\"/>tion provision <span class=\"_ _5\"/>for<span class=\"_ _5\"/> leased assetsF<span class=\"_ _5\"/>or lease con<span class=\"_ _5\"/>tracts tha<span class=\"_ _5\"/>t require <span class=\"_ _5\"/>the Company<span class=\"_ _5\"/> to main<span class=\"_ _5\"/>tain an underlying asse<span class=\"_ _5\"/>t during the l<span class=\"_ _5\"/>ease term and/<span class=\"_ _b\"/>or rest<span class=\"_ _5\"/>ore it <span class=\"_ _5\"/>to its original c<span class=\"_ _5\"/>ondition befor<span class=\"_ _5\"/>e returning <span class=\"_ _5\"/>to the l<span class=\"_ _5\"/>essor at<span class=\"_ _5\"/> the end o<span class=\"_ _5\"/>f the lease<span class=\"_ _5\"/>,<span class=\"_ _b\"/> a restor<span class=\"_ _5\"/>ation pro<span class=\"_ _5\"/>vision is recogniz<span class=\"_ _5\"/>ed when the obliga<span class=\"_ _5\"/>tion arises.<span class=\"_ _b\"/> For <span class=\"_ _5\"/>the same amount a right<span class=\"_ _5\"/>-of-use asse<span class=\"_ _5\"/>t is recogniz<span class=\"_ _5\"/>ed and deprecia<span class=\"_ _5\"/>ted ov<span class=\"_ _5\"/>er the lease <span class=\"_ _5\"/>term.<span class=\"_ _0\"/> The discount r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e used is the Incrementa<span class=\"_ _5\"/>l Borrowing Ra<span class=\"_ _5\"/>te.OtherThe cat<span class=\"_ _5\"/>egory other pr<span class=\"_ _5\"/>ovisions include individual<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> immat<span class=\"_ _5\"/>erial items,<span class=\"_ _0\"/> and the Company<span class=\"_ _5\"/> expects that<span class=\"_ _5\"/> they<span class=\"_ _5\"/> will be substantivel<span class=\"_ _b\"/>y used within <span class=\"_ _6\"/>one to five years.<span class=\"_ _b\"/> 30 <span class=\"_ _2\"> </span>Loans and borro<span class=\"_ _5\"/>wings Inter<span class=\"_ _5\"/>est-bearing deb<span class=\"_ _5\"/>ts are measured at<span class=\"_ _5\"/> amortized cost,<span class=\"_ _b\"/> in which the differenc<span class=\"_ _5\"/>e between the proc<span class=\"_ _5\"/>eeds and repayments over<span class=\"_ _5\"/> time is charged t<span class=\"_ _5\"/>o profit or<span class=\"_ _5\"/> loss over<span class=\"_ _5\"/> their dura<span class=\"_ _5\"/>tion.<span class=\"_ _5\"/> The portion of l<span class=\"_ _5\"/>ong-term deb<span class=\"_ _5\"/>t tha<span class=\"_ _5\"/>t has t<span class=\"_ _5\"/>o be repaid within one year a<span class=\"_ _5\"/>fter the ba<span class=\"_ _5\"/>lance sheet da<span class=\"_ _5\"/>te is present<span class=\"_ _5\"/>ed as the curren<span class=\"_ _5\"/>t portion of long-<span class=\"_ _5\"/>term debt<span class=\"_ _5\"/> under current<span class=\"_ _5\"/> liabilities.All other<span class=\"_ _5\"/> financial liabilities are rec<span class=\"_ _5\"/>ognized on the tr<span class=\"_ _5\"/>ade dat<span class=\"_ _5\"/>e at <span class=\"_ _5\"/>which the Company<span class=\"_ _5\"/> becomes a party to <span class=\"_ _5\"/>the contra<span class=\"_ _5\"/>ctual provisions o<span class=\"_ _5\"/>f the instrumen<span class=\"_ _5\"/>t.<span class=\"_ _5\"/> Non-derivative <span class=\"_ _5\"/>financial liabilities include loans and borrowings,<span class=\"_ _b\"/> bank ov<span class=\"_ _5\"/>erdrafts,<span class=\"_ _b\"/> trade and other<span class=\"_ _5\"/> payables.<span class=\"_ _b\"/> Initiall<span class=\"_ _5\"/>y these liabilities ar<span class=\"_ _5\"/>e recognized a<span class=\"_ _5\"/>t fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue plus the directl<span class=\"_ _5\"/>y attributabl<span class=\"_ _5\"/>e transaction cos<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> Subsequentl<span class=\"_ _5\"/>y these <span class=\"_ _5\"/>financial liabilities are measured at<span class=\"_ _5\"/> amortized cost using the e<span class=\"_ _5\"/>ffective inter<span class=\"_ _5\"/>est method.Bank ov<span class=\"_ _5\"/>erdrafts tha<span class=\"_ _5\"/>t are repa<span class=\"_ _5\"/>yable on demand and tha<span class=\"_ _5\"/>t f<span class=\"_ _5\"/>orm an integr<span class=\"_ _5\"/>al part of <span class=\"_ _5\"/>the Group\u2019<span class=\"_ _5\"/>s cash management ar<span class=\"_ _5\"/>e included as a component<span class=\"_ _5\"/> of cash and cash equiv<span class=\"_ _5\"/>alents <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the stat<span class=\"_ _5\"/>ement of<span class=\"_ _5\"/> cash flows.Fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue,<span class=\"_ _b\"/> which is determined f<span class=\"_ _5\"/>or disclosur<span class=\"_ _5\"/>e purposes,<span class=\"_ _5\"/> is calcula<span class=\"_ _5\"/>ted based on the presen<span class=\"_ _5\"/>t va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> future cash flow<span class=\"_ _5\"/>s,<span class=\"_ _5\"/> discount<span class=\"_ _5\"/>ed at <span class=\"_ _5\"/>the Company specific mark<span class=\"_ _5\"/>et ra<span class=\"_ _5\"/>te o<span class=\"_ _5\"/>f inter<span class=\"_ _5\"/>est a<span class=\"_ _5\"/>t reporting date<span class=\"_ _5\"/>.Loans and borro<span class=\"_ _5\"/>wings at 3<span class=\"_ _b\"/>1 December are as <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>ows:Interest rates In \u20ac thousandsbetween<span class=\"_ _83\"> </span><span class=\"ff1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span><span class=\"fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>Short-term bank<span class=\"_ _5\"/> loans<span class=\"_ _93\"> </span>1.2% -<span class=\"_ _5\"/> <span class=\"_ _6\"/>3<span class=\"_ _6\"/>.5%<span class=\"_ _51\"> </span><span class=\"ls48 ws132\">56,230<span class=\"_ _19a\"> </span><span class=\"lsfc ws118\">75,<span class=\"_ _6\"/>531<span class=\"_ _6\"/> </span></span>Long-t<span class=\"_ _5\"/>erm bank loans<span class=\"_ _166\"> </span>1<span class=\"_ _5\"/>.2% -<span class=\"_ _5\"/> <span class=\"_ _6\"/>6<span class=\"_ _6\"/>.5%<span class=\"_ _54\"> </span><span class=\"lsfe ws11a\">878<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0<span class=\"_ _a0\"> </span><span class=\"lsed ws109\">1<span class=\"_ _6\"/>8<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>5<span class=\"_ _7\"/>0<span class=\"_ _6\"/>7<span class=\"_ _7\"/> </span></span>Debentures<span class=\"_ _c9\"> </span>6.5%<span class=\"_ _19a\"> </span><span class=\"lsf9 ws115\">2<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>1<span class=\"_ _42\"> </span><span class=\"ls14a ws1a0\">- </span></span>1Other long-<span class=\"_ _5\"/>term debt<span class=\"_ _5\"/> 3.0% - 6<span class=\"_ _6\"/>.9%<span class=\"_ _3b\"> </span><span class=\"ls3 ws1\">3,1<span class=\"_ _b\"/>34 <span class=\"_ _64\"> </span><span class=\"ls14a ws1a0\">- </span></span>Short-term borr<span class=\"_ _5\"/>owings<span class=\"_ _214\"> </span>0% - 4<span class=\"_ _6\"/>.2%<span class=\"_ _23b\"> </span><span class=\"ls14a ws1a0\">- <span class=\"_ _1b7\"> </span><span class=\"ls128 ws148\">525<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal loans and borro<span class=\"_ _5\"/>wings<span class=\"_ _177\"> </span><span class=\"lsec ws108\">9<span class=\"_ _6\"/>5<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,16<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _194\"> </span><span class=\"ls13e ws168\">263,567 </span></span> 2Current56,230<span class=\"_ _c4\"> </span><span class=\"ls12d ws14f\">76<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>57<span class=\"_ _6\"/> </span>Non-current<span class=\"_ _1a9\"> </span><span class=\"lsef ws10b\">901,<span class=\"_ _6\"/>93<span class=\"_ _6\"/>5<span class=\"_ _13e\"> </span><span class=\"lsed ws109\">1<span class=\"_ _7\"/>8<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>5<span class=\"_ _6\"/>1<span class=\"_ _6\"/>0<span class=\"_ _7\"> </span> </span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1ef\"> </span><span class=\"lsec ws108\">9<span class=\"_ _6\"/>58<span class=\"_ _6\"/>,<span class=\"_ _6\"/>16<span class=\"_ _6\"/>5 <span class=\"_ _194\"> </span><span class=\"ls13e ws168\">263,567 </span></span>1 Including ret<span class=\"_ _5\"/>entions and expected def<span class=\"_ _5\"/>erred consideration no<span class=\"_ _5\"/>t due within one y<span class=\"_ _5\"/>ear<span class=\"_ _5\"/>,<span class=\"_ _5\"/> amounting to \u20ac3.1 mil<span class=\"_ _5\"/>lon (2021<span class=\"_ _5\"/>: \u20ac0.0 million)2 Excluding de<span class=\"_ _5\"/>ferred considera<span class=\"_ _5\"/>tion for a<span class=\"_ _5\"/>cquisitions,<span class=\"_ _5\"/> see note 6 <span class=\"_ _b\"/> <span class=\"_ _38\"> </span> The movemen<span class=\"_ _5\"/>t in non-current l<span class=\"_ _5\"/>oans and borrowings is as f<span class=\"_ _b\"/>ollows:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _2a4\"> </span><span class=\"ls147 ws172\"> 1<span class=\"_ _6\"/>8<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>1<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _14c\"> </span><span class=\"ls3 ws137\"> 400,96<span class=\"_ _6\"/>4 </span></span>New deb<span class=\"_ _5\"/>t<span class=\"_ _1bc\"> </span><span class=\"wsac\">7<span class=\"_ _5\"/>47<span class=\"_ _b\"/>,277<span class=\"_ _9d\"> </span><span class=\"ls14a ws137\"> - </span></span>Accrued int<span class=\"_ _5\"/>erest<span class=\"_ _2a5\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _161\"> </span></span> (56<span class=\"_ _6\"/>0)Redemp<span class=\"_ _5\"/>tions<span class=\"_ _1d7\"> </span><span class=\"ws1\"> (1<span class=\"_ _b\"/>9,256<span class=\"_ _6\"/>)<span class=\"_ _d5\"> </span> (37<span class=\"_ _b\"/>,267)</span>Acquisitions<span class=\"_ _1ea\"> </span><span class=\"lsed ws109\">4<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>1<span class=\"_ _6\"/>9<span class=\"_ _7\"/>8<span class=\"_ _7\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - </span></span>From l<span class=\"_ _5\"/>ong-term t<span class=\"_ _5\"/>o current<span class=\"_ _5\"/> position other long-<span class=\"_ _5\"/>term<span class=\"_ _2a6\"> </span> (56,921<span class=\"_ _5\"/>)<span class=\"_ _55\"> </span> (1<span class=\"_ _5\"/>77<span class=\"_ _b\"/>,9<span class=\"_ _6\"/>47)Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _280\"> </span> (3,873)<span class=\"_ _c4\"> </span><span class=\"ls100 ws16d\"> 2<span class=\"_ _6\"/>,320<span class=\"_ _6\"/> </span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _21f\"> </span><span class=\"ls101 ws11d\">9<span class=\"_ _7\"/>01,93<span class=\"_ _6\"/>5 <span class=\"_ _49\"> </span><span class=\"ls147 ws172\"> 18<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>1<span class=\"_ _7\"/>0<span class=\"_ _6\"/> </span></span>The non-current l<span class=\"_ _5\"/>oans and borrowings include an amoun<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> \u20ac3.3 million at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 202<span class=\"_ _5\"/>2 corresponding <span class=\"_ _5\"/>to long-<span class=\"_ _5\"/>term def<span class=\"_ _b\"/>erred consideration (see no<span class=\"_ _b\"/>te 6).<span class=\"_ _b\"/> The shor<span class=\"_ _6\"/>t-<span class=\"_ _5\"/>term part reclassification is present<span class=\"_ _5\"/>ed within <span class=\"_ _b\"/>\u201cOther curren<span class=\"_ _5\"/>t liabilities\u201d<span class=\"_ _b\"/> (see not<span class=\"_ _5\"/>e 3<span class=\"_ _5\"/>1<span class=\"_ _5\"/>).<span class=\"_ _5\"/> Aggrega<span class=\"_ _5\"/>te ma<span class=\"_ _5\"/>turities of non-curren<span class=\"_ _5\"/>t loans and borro<span class=\"_ _5\"/>wings are as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s: In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02023<span class=\"_ _6\"/> <span class=\"_ _2a7\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _46\"> </span><span class=\"ls6f ws13a\"> 55<span class=\"_ _6\"/>,65<span class=\"_ _6\"/>2 </span></span>20<span class=\"_ _6\"/>24 <span class=\"_ _1e3\"> </span><span class=\"lsf7 ws113\">749<span class=\"_ _7\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>5<span class=\"_ _7\"/>5<span class=\"_ _9a\"> </span><span class=\"ls14a ws137\"> - </span></span>2025<span class=\"_ _6\"/> <span class=\"_ _1de\"> </span><span class=\"lsf8 wse9\"> 9<span class=\"_ _7\"/>9,<span class=\"_ _6\"/>51<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _a0\"> </span><span class=\"lsec ws112\"> 79,<span class=\"_ _6\"/>393<span class=\"_ _6\"/> </span></span>2026<span class=\"_ _6\"/> <span class=\"_ _2a7\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - </span>2027<span class=\"_ _6\"/> <span class=\"_ _1de\"> </span><span class=\"ls128 ws18d\"> 52,466<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span> 52,<span class=\"_ _6\"/>465<span class=\"_ _6\"/> </span>After 2<span class=\"_ _6\"/>027<span class=\"_ _6\"/> <span class=\"_ _2a8\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - </span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _119\"> </span><span class=\"ls101 ws11d\">9<span class=\"_ _6\"/>01,9<span class=\"_ _6\"/>35<span class=\"_ _48\"> </span><span class=\"ls147 ws172\"> 1<span class=\"_ _7\"/>8<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>51<span class=\"_ _7\"/>0<span class=\"_ _6\"/> </span></span>The movemen<span class=\"_ _5\"/>t in short-t<span class=\"_ _5\"/>erm debts and curren<span class=\"_ _5\"/>t portion of long-<span class=\"_ _5\"/>term deb<span class=\"_ _5\"/>ts is as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _1ed\"> </span><span class=\"lsf0 ws15c\"> 76,0<span class=\"_ _7\"/>57 <span class=\"_ _18a\"> </span></span> 99,4<span class=\"_ _6\"/>02 New deb<span class=\"_ _5\"/>t<span class=\"_ _29b\"> </span><span class=\"ls102 ws11e\">19<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>4<span class=\"_ _6\"/>5<span class=\"_ _46\"> </span></span> 20<span class=\"_ _6\"/>,566<span class=\"_ _6\"/> Acquisitions<span class=\"_ _f6\"> </span><span class=\"lsee ws10a\">13<span class=\"_ _6\"/>,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>8<span class=\"_ _6\"/>6<span class=\"_ _a1\"> </span><span class=\"ls3 ws1\">-</span></span>Redemp<span class=\"_ _5\"/>tions<span class=\"_ _2a9\"> </span><span class=\"ws1\"> (284,9<span class=\"_ _6\"/>07)<span class=\"_ _bc\"> </span> (225,31<span class=\"_ _5\"/>7)</span>Other<span class=\"_ _2aa\"> </span><span class=\"lsfc ws118\">731</span>From l<span class=\"_ _5\"/>ong-term t<span class=\"_ _5\"/>o current<span class=\"_ _5\"/> position other long-<span class=\"_ _5\"/>term<span class=\"_ _19e\"> </span><span class=\"lsf0 ws10c\">56<span class=\"_ _6\"/>,<span class=\"_ _6\"/>921<span class=\"_ _54\"> </span></span> 177<span class=\"_ _b\"/>,947 Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _2a1\"> </span><span class=\"lsf8 wse9\"> (3<span class=\"_ _6\"/>41)<span class=\"_ _19a\"> </span><span class=\"ls6f ws13a\"> 3<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>59 </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _203\"> </span><span class=\"wsac\">5<span class=\"_ _6\"/>6,23<span class=\"_ _6\"/>0 <span class=\"_ _18a\"> </span><span class=\"lsf0 ws15c\"> 76<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>57<span class=\"_ _6\"/> </span></span>Fair valueThe fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> the Group<span class=\"_ _5\"/>\u2019s loans and borr<span class=\"_ _5\"/>owings has been estima<span class=\"_ _5\"/>ted a<span class=\"_ _5\"/>t \u20ac95<span class=\"_ _b\"/>1.9 million,<span class=\"_ _b\"/> based on quot<span class=\"_ _5\"/>ed marke<span class=\"_ _5\"/>t prices f<span class=\"_ _b\"/>or the similar l<span class=\"_ _5\"/>oans or on the Group <span class=\"_ _5\"/>for<span class=\"_ _5\"/> debt curr<span class=\"_ _5\"/>ent ra<span class=\"_ _b\"/>tes t<span class=\"_ _5\"/>o same or with similar<span class=\"_ _5\"/> maturities (202<span class=\"_ _b\"/>1 \u20ac26 4.2 million).Long T<span class=\"_ _0\"/>erm loansSchuldschein loansIn May<span class=\"_ _5\"/> 2022,<span class=\"_ _0\"/> \u20ac6<span class=\"_ _6\"/>4.0 million of<span class=\"_ _5\"/> fixed ra<span class=\"_ _5\"/>te Schul<span class=\"_ _5\"/>dschein loans wer<span class=\"_ _5\"/>e repaid in acc<span class=\"_ _5\"/>ordance with <span class=\"_ _5\"/>the contra<span class=\"_ _5\"/>ctual repa<span class=\"_ _5\"/>yment schedule<span class=\"_ _5\"/>.<span class=\"_ _5\"/> In October 2<span class=\"_ _5\"/>022,<span class=\"_ _b\"/> $9.0 million (\u20ac8.6 million) o<span class=\"_ _5\"/>f floa<span class=\"_ _5\"/>ting ra<span class=\"_ _5\"/>te Schuldschein l<span class=\"_ _5\"/>oans and $4.0 million (\u20ac3.8 million) of<span class=\"_ _5\"/> fixed ra<span class=\"_ _b\"/>te Schuldschein loans <span class=\"_ _5\"/>were repaid in a<span class=\"_ _5\"/>ccordanc<span class=\"_ _5\"/>e with the con<span class=\"_ _5\"/>tractual repa<span class=\"_ _b\"/>yment schedule.A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the non-current portion of<span class=\"_ _5\"/> long-t<span class=\"_ _5\"/>erm debt incl<span class=\"_ _5\"/>udes a t<span class=\"_ _5\"/>otal o<span class=\"_ _5\"/>f Schuldschein deb<span class=\"_ _5\"/>t in the amount o<span class=\"_ _b\"/>f \u20ac1<span class=\"_ _5\"/>33.0 million ma<span class=\"_ _5\"/>turing in 2025 and 20<span class=\"_ _5\"/>27<span class=\"_ _0\"/>.<span class=\"_ _b\"/> The current<span class=\"_ _5\"/> por<span class=\"_ _6\"/>tion includes \u20ac40.0 million and \u20ac1<span class=\"_ _b\"/>7<span class=\"_ _b\"/>.0<span class=\"_ _6\"/> million o<span class=\"_ _5\"/>f Schuldschein loans,<span class=\"_ _0\"/> from 201<span class=\"_ _b\"/>5 and 2020,<span class=\"_ _b\"/> respectivel<span class=\"_ _5\"/>y<span class=\"_ _b\"/>. Debt<span class=\"_ _5\"/> from business combina<span class=\"_ _b\"/>tion<span class=\"_ _6\"/> In Sept<span class=\"_ _5\"/>ember 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the Group ac<span class=\"_ _5\"/>quired IBI Group and assumed loans <span class=\"_ _5\"/>for \u20ac5<span class=\"_ _b\"/>1.8 mil<span class=\"_ _5\"/>lion which includes cr<span class=\"_ _5\"/>edit facilities <span class=\"_ _5\"/>for \u20ac1<span class=\"_ _0\"/>3.8 million and Debentures f<span class=\"_ _5\"/>or \u20ac33.4 mil<span class=\"_ _5\"/>lion.<span class=\"_ _b\"/> The credit <span class=\"_ _5\"/>facilities ha<span class=\"_ _5\"/>ve been repaid aft<span class=\"_ _5\"/>er the transaction da<span class=\"_ _5\"/>te.<span class=\"_ _b\"/> On 2 October 2<span class=\"_ _5\"/>020,<span class=\"_ _b\"/> IBI Group issued 6.5% senior<span class=\"_ _0\"/>,<span class=\"_ _5\"/> unsecured Debentur<span class=\"_ _5\"/>es of CAD 46.0 million with a ma<span class=\"_ _5\"/>turity dat<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 202<span class=\"_ _5\"/>5.<span class=\"_ _5\"/> The Debentur<span class=\"_ _5\"/>es are list<span class=\"_ _5\"/>ed on the T<span class=\"_ _0\"/>oronto S<span class=\"_ _5\"/>tock<span class=\"_ _5\"/> Exchange (\u201cTSX\u201d) under<span class=\"_ _5\"/> the symbol \"IBG.DB.E\".<span class=\"_ _b\"/> F<span class=\"_ _5\"/>ollowing <span class=\"_ _5\"/>the change of c<span class=\"_ _5\"/>ontrol o<span class=\"_ _5\"/>f IBI Group and in ac<span class=\"_ _5\"/>cordance <span class=\"_ _5\"/>with the t<span class=\"_ _5\"/>erms and conditions o<span class=\"_ _5\"/>f the Debentures,<span class=\"_ _0\"/> an offer <span class=\"_ _5\"/>to purchase an<span class=\"_ _5\"/>y and al<span class=\"_ _5\"/>l outstanding Debentures,<span class=\"_ _b\"/> in whole or<span class=\"_ _5\"/> in part in cash,<span class=\"_ _5\"/> at<span class=\"_ _5\"/> a price equal t<span class=\"_ _b\"/>o 10<span class=\"_ _6\"/>0% of the principa<span class=\"_ _5\"/>l amount o<span class=\"_ _5\"/>f the Deben<span class=\"_ _5\"/>tures plus ac<span class=\"_ _5\"/>crued and unpaid inter<span class=\"_ _5\"/>est,<span class=\"_ _b\"/> has been made t<span class=\"_ _5\"/>o the holders.<span class=\"_ _b\"/> Consequentl<span class=\"_ _b\"/>y<span class=\"_ _5\"/>,<span class=\"_ _b\"/> an amount of<span class=\"_ _5\"/> \u20ac10.2 million has been r<span class=\"_ _5\"/>epaid.<span class=\"_ _5\"/> On or aft<span class=\"_ _5\"/>er 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>23,<span class=\"_ _b\"/> but prior <span class=\"_ _5\"/>to 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>24,<span class=\"_ _b\"/> the 6.5% Debentur<span class=\"_ _5\"/>es are redeemable<span class=\"_ _5\"/>,<span class=\"_ _b\"/> in whole or in part fr<span class=\"_ _5\"/>om time t<span class=\"_ _5\"/>o time a<span class=\"_ _5\"/>t the option o<span class=\"_ _5\"/>f the Gr<span class=\"_ _5\"/>oup at<span class=\"_ _5\"/> a price equal t<span class=\"_ _5\"/>o 10<span class=\"_ _5\"/>3.25% o<span class=\"_ _5\"/>f the principa<span class=\"_ _5\"/>l amount o<span class=\"_ _5\"/>f the Debentur<span class=\"_ _5\"/>es redeemed plus accrued and unpaid in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t.<span class=\"_ _5\"/> On or aft<span class=\"_ _5\"/>er 3<span class=\"_ _5\"/>1 December 3<span class=\"_ _b\"/>1 2024 but<span class=\"_ _5\"/> prior t<span class=\"_ _5\"/>o the ma<span class=\"_ _5\"/>turity dat<span class=\"_ _5\"/>e of <span class=\"_ _5\"/><span class=\"ls3\"> </span>3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>25,<span class=\"_ _b\"/> the Debentures are r<span class=\"_ _5\"/>edeemable at<span class=\"_ _5\"/> a price equal t<span class=\"_ _b\"/>o their principal amount<span class=\"_ _5\"/> plus accrued and unpaid int<span class=\"_ _5\"/>erest.<span class=\"_ _b\"/> On redemption or<span class=\"_ _5\"/> at<span class=\"_ _5\"/> maturity on Dec<span class=\"_ _5\"/>ember 3<span class=\"_ _5\"/>1,<span class=\"_ _0\"/> 2025,<span class=\"_ _b\"/> the Group wil<span class=\"_ _5\"/>l repay<span class=\"_ _5\"/> the debentures in cash.<span class=\"_ _b\"/> A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the non-current portion of<span class=\"_ _5\"/> long-t<span class=\"_ _5\"/>erm debt incl<span class=\"_ _5\"/>udes \u20ac 20.1 million of<span class=\"_ _5\"/> Debentures.<span class=\"_ _b\"/> In December 2<span class=\"_ _5\"/>022,<span class=\"_ _b\"/> the Group a<span class=\"_ _5\"/>cquired DPS Group and assumed l<span class=\"_ _5\"/>oans for<span class=\"_ _5\"/> \u20ac9.0 million,<span class=\"_ _b\"/> including a T<span class=\"_ _0\"/>erm loan facility<span class=\"_ _5\"/> for<span class=\"_ _5\"/> \u20ac4.0 million and Re<span class=\"_ _5\"/>vol<span class=\"_ _5\"/>ving credit f<span class=\"_ _5\"/>acility <span class=\"_ _5\"/>for \u20ac5.0 mil<span class=\"_ _5\"/>lion.<span class=\"_ _5\"/> These loans ha<span class=\"_ _b\"/>ve been full<span class=\"_ _5\"/>y repaid a<span class=\"_ _5\"/>fter the transaction dat<span class=\"_ _5\"/>e.Bridge loan facility An underwritten bridge loan f<span class=\"_ _5\"/>acility o<span class=\"_ _5\"/>f \u20ac7<span class=\"_ _5\"/>50.0 million was arranged in <span class=\"_ _b\"/>July<span class=\"_ _5\"/> 2022 f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>the acquisition o<span class=\"_ _5\"/>f both IBI Group and DPS Group<span class=\"_ _5\"/>.<span class=\"_ _b\"/> This bridge loan fa<span class=\"_ _5\"/>cility w<span class=\"_ _5\"/>as further syndicat<span class=\"_ _b\"/>ed out to a <span class=\"_ _5\"/>wider group o<span class=\"_ _5\"/>f int<span class=\"_ _5\"/>ernational and r<span class=\"_ _5\"/>eputable rela<span class=\"_ _5\"/>tionship banks.<span class=\"_ _5\"/> The bridge loan has a <span class=\"_ _5\"/>term o<span class=\"_ _5\"/>f 1 y<span class=\"_ _5\"/>ear (maturity<span class=\"_ _5\"/> in Sept<span class=\"_ _5\"/>ember 20<span class=\"_ _5\"/>23) o<span class=\"_ _5\"/>f which <span class=\"_ _5\"/>Arcadis NV<span class=\"_ _5\"/> has the irrev<span class=\"_ _5\"/>ocable right <span class=\"_ _5\"/>to ext<span class=\"_ _b\"/>end twice by six<span class=\"_ _5\"/> months.<span class=\"_ _b\"/> The pricing is based on EURIBOR,<span class=\"_ _b\"/> with a margin tha<span class=\"_ _5\"/>t increases e<span class=\"_ _5\"/>very 3 months.<span class=\"_ _b\"/> The bridge loan <span class=\"_ _5\"/>facility o<span class=\"_ _5\"/>f \u20ac7<span class=\"_ _5\"/>50.0 million is classified as a long-t<span class=\"_ _5\"/>erm debt.Financing f<span class=\"_ _5\"/>ees associat<span class=\"_ _5\"/>ed with arranging <span class=\"_ _5\"/>the loan fa<span class=\"_ _5\"/>cility amount<span class=\"_ _5\"/>ed to \u20ac 2<span class=\"_ _5\"/>.7 million.<span class=\"_ _5\"/> Short T<span class=\"_ _b\"/>erm Credit fa<span class=\"_ _5\"/>cilitiesThe t<span class=\"_ _5\"/>otal a<span class=\"_ _5\"/>vailable short-<span class=\"_ _5\"/>term credit<span class=\"_ _5\"/> facilities amoun<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o \u20ac37<span class=\"_ _5\"/>9.7 million,<span class=\"_ _b\"/> which include a<span class=\"_ _5\"/>ll uncommitt<span class=\"_ _5\"/>ed credit facilities,<span class=\"_ _0\"/> bank guarant<span class=\"_ _5\"/>ee facilities and sur<span class=\"_ _5\"/>ety bond lines <span class=\"_ _5\"/>with financial institutions o<span class=\"_ _5\"/>f which \u20ac1<span class=\"_ _b\"/>58<span class=\"_ _6\"/>.3 million has been used as per 3<span class=\"_ _5\"/>1 December 2<span class=\"_ _5\"/>022 (202<span class=\"_ _b\"/>1: \u20ac3<span class=\"_ _5\"/>29.6 million and \u20ac1<span class=\"_ _b\"/>42.1 million r<span class=\"_ _5\"/>espectively).<span class=\"_ _b\"/> The Group has short-t<span class=\"_ _5\"/>erm uncommitted cr<span class=\"_ _5\"/>edit f<span class=\"_ _5\"/>acilities of<span class=\"_ _5\"/> \u20ac1<span class=\"_ _5\"/>20.0 million with r<span class=\"_ _5\"/>elationship banks and thr<span class=\"_ _5\"/>ee bank guaran<span class=\"_ _5\"/>tee f<span class=\"_ _5\"/>acilities t<span class=\"_ _5\"/>ota<span class=\"_ _5\"/>ling \u20ac76.2 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac100.0 million and \u20ac63.7 million,<span class=\"_ _b\"/> respectivel<span class=\"_ _5\"/>y).<span class=\"_ _b\"/> These short-t<span class=\"_ _5\"/>erm credit f<span class=\"_ _5\"/>acilities are used f<span class=\"_ _b\"/>or the financing of<span class=\"_ _5\"/> working capita<span class=\"_ _5\"/>l and general corpor<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e purposes of <span class=\"_ _5\"/>the Group.<span class=\"_ _b\"/> By<span class=\"_ _5\"/> the end of<span class=\"_ _5\"/> the y<span class=\"_ _5\"/>ear 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> the to<span class=\"_ _5\"/>tal amount<span class=\"_ _5\"/> of<span class=\"_ _5\"/> bank guarant<span class=\"_ _5\"/>ees and lett<span class=\"_ _5\"/>ers of<span class=\"_ _5\"/> credit <span class=\"_ _5\"/>that <span class=\"_ _5\"/>were outstanding under <span class=\"_ _5\"/>the \u20ac76.2 million guar<span class=\"_ _5\"/>antee <span class=\"_ _5\"/>facilities amount<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o \u20ac4<span class=\"_ _5\"/>1.3 mil<span class=\"_ _5\"/>lion (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac42.1 mil<span class=\"_ _5\"/>lion).<span class=\"_ _5\"/> Additional<span class=\"_ _5\"/>ly<span class=\"_ _0\"/>, there w<span class=\"_ _5\"/>ere other<span class=\"_ _5\"/> outstanding bank guar<span class=\"_ _5\"/>antees,<span class=\"_ _0\"/> letters o<span class=\"_ _5\"/>f credit<span class=\"_ _5\"/> and surety bonds amoun<span class=\"_ _5\"/>ting t<span class=\"_ _5\"/>o \u20ac107<span class=\"_ _0\"/>.1 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac99.2 million).Interest ratesThe int<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e ranges f<span class=\"_ _5\"/>or the <span class=\"_ _5\"/>to<span class=\"_ _5\"/>tal loans and borro<span class=\"_ _5\"/>wings are as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>00<span class=\"_ _7\"/>%<span class=\"_ _6\"/> - <span class=\"_ _6\"/>4<span class=\"_ _7\"/>%<span class=\"_ _2ab\"> </span><span class=\"lsf7 ws113\">8<span class=\"_ _6\"/>74<span class=\"_ _7\"/>,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>4<span class=\"_ _7\"/>4<span class=\"_ _18a\"> </span><span class=\"lsfa ws116\">263<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>42<span class=\"_ _6\"/> </span></span>3<span class=\"_ _6\"/>%<span class=\"_ _7\"/> - <span class=\"_ _6\"/>7<span class=\"_ _6\"/>%<span class=\"_ _266\"> </span><span class=\"lsf9 ws115\">8<span class=\"_ _7\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>1<span class=\"_ _6\"/> <span class=\"_ _133\"> </span><span class=\"ls128 ws148\">525<span class=\"_ _6\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _21f\"> </span><span class=\"lsec ws108\">9<span class=\"_ _6\"/>58<span class=\"_ _6\"/>,<span class=\"_ _6\"/>16<span class=\"_ _6\"/>5<span class=\"_ _54\"> </span><span class=\"ls13e ws168\">263<span class=\"_ _6\"/>,567 </span></span>1W<span class=\"_ _5\"/>eighted a<span class=\"_ _5\"/>verage int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e 2.8<span class=\"_ _6\"/>%<span class=\"_ _101\"> </span><span class=\"lsfe ws11a\">1.<span class=\"_ _6\"/>9<span class=\"_ _6\"/>%</span>1 On inter<span class=\"_ _5\"/>est-bearing debt (incl<span class=\"_ _5\"/>uding the interes<span class=\"_ _5\"/>t effect o<span class=\"_ _5\"/>f swaps)The increase in the buck<span class=\"_ _b\"/>et of<span class=\"_ _5\"/> 3<span class=\"_ _6\"/>-7% is caused by<span class=\"_ _5\"/> Schuldschein loans with <span class=\"_ _5\"/>floating int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> and IBI debentures.Financial co<span class=\"_ _5\"/>venantsThe lev<span class=\"_ _5\"/>erage co<span class=\"_ _5\"/>venant <span class=\"_ _5\"/>for<span class=\"_ _5\"/> the \u20ac750.0 million bridge l<span class=\"_ _5\"/>oan,<span class=\"_ _b\"/> the Schuldschein loans and the \u20ac500.0 million syndica<span class=\"_ _5\"/>ted Re<span class=\"_ _5\"/>vol<span class=\"_ _5\"/>ving Credit F<span class=\"_ _5\"/>acility and a<span class=\"_ _5\"/>ll the remaining Schul<span class=\"_ _5\"/>dschein loans prescribes <span class=\"_ _5\"/>that <span class=\"_ _5\"/>the aver<span class=\"_ _5\"/>age net debt<span class=\"_ _5\"/> to EBITD<span class=\"_ _5\"/>A ra<span class=\"_ _5\"/>tio is not<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o exceed <span class=\"_ _5\"/>the maximum of 3.5,<span class=\"_ _0\"/> which is confirmed t<span class=\"_ _5\"/>o the Lenders <span class=\"_ _5\"/>twice a year<span class=\"_ _3\"/>. This lev<span class=\"_ _5\"/>erage co<span class=\"_ _5\"/>venant is a<span class=\"_ _5\"/>ligned to IFRS 1<span class=\"_ _b\"/>6.<span class=\"_ _5\"/> A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 the av<span class=\"_ _5\"/>erage net<span class=\"_ _5\"/> debt<span class=\"_ _5\"/> to EBITD<span class=\"_ _5\"/>A ra<span class=\"_ _5\"/>tio calcula<span class=\"_ _5\"/>ted in a<span class=\"_ _5\"/>ccordanc<span class=\"_ _5\"/>e with the credit<span class=\"_ _5\"/> documenta<span class=\"_ _5\"/>tion of <span class=\"_ _5\"/>the Schuldschein loans and the \u20ac500.0 million syndica<span class=\"_ _5\"/>ted Re<span class=\"_ _5\"/>vol<span class=\"_ _5\"/>ving Credit <span class=\"_ _5\"/>facility is 1<span class=\"_ _b\"/>.6<span class=\"_ _6\"/>.<span class=\"_ _b\"/> No other <span class=\"_ _5\"/>financial covenants e<span class=\"_ _5\"/>xist <span class=\"_ _5\"/>for <span class=\"_ _5\"/>these credit <span class=\"_ _5\"/>facilities.<span class=\"_ _b\"/> All outstanding Schul<span class=\"_ _5\"/>dschein loans and the syndica<span class=\"_ _5\"/>ted R<span class=\"_ _5\"/>evol<span class=\"_ _b\"/>ving Credit Fa<span class=\"_ _5\"/>cility do no<span class=\"_ _5\"/>t longer c<span class=\"_ _5\"/>ontain an interest cove<span class=\"_ _6\"/>rage rati<span class=\"_ _6\"/>o.<span class=\"_ _5\"/> 31 <span class=\"_ _2\"> </span>Accoun<span class=\"_ _5\"/>ts pay<span class=\"_ _5\"/>able,<span class=\"_ _0\"/> ac<span class=\"_ _5\"/>crued expenses and o<span class=\"_ _5\"/>ther curren<span class=\"_ _5\"/>t liabilitiesOther curren<span class=\"_ _5\"/>t liabilities are non-derivativ<span class=\"_ _5\"/>e financial liabilities,<span class=\"_ _b\"/> which are initiall<span class=\"_ _5\"/>y rec<span class=\"_ _5\"/>ognized at <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue plus directl<span class=\"_ _b\"/>y attributable <span class=\"_ _5\"/>transaction costs.<span class=\"_ _b\"/> Subsequentl<span class=\"_ _5\"/>y these financial liabilities ar<span class=\"_ _5\"/>e measured at<span class=\"_ _5\"/> amor<span class=\"_ _6\"/>tized cost<span class=\"_ _5\"/> using the effective int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> method.In \u20ac thousands<span class=\"_ _105\"> </span>Note<span class=\"_ _101\"> </span><span class=\"fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _1aa\"> </span><span class=\"lsed ws163\"> 3<span class=\"_ _7\"/>3<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"> </span>4<span class=\"_ _4\"> </span>8<span class=\"_ _7\"/> <span class=\"_ _49\"> </span><span class=\"ls10e ws111\"> 23<span class=\"_ _7\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>11<span class=\"_ _6\"/> </span></span>Accrued expenses<span class=\"_ _1f3\"> </span><span class=\"lsec ws112\"> 10<span class=\"_ _6\"/>1,10<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _a0\"> </span><span class=\"lsf7 ws17f\"> 5<span class=\"_ _7\"/>8<span class=\"_ _6\"/>,<span class=\"_ _7\"/>742<span class=\"_ _7\"/> </span></span>Payabl<span class=\"_ _5\"/>es to employees<span class=\"_ _2ac\"> </span><span class=\"ls102 ws11a\"> 193<span class=\"_ _6\"/>,2<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _db\"> </span><span class=\"ls3 ws137\"> 184,34<span class=\"_ _5\"/>5 </span></span>T<span class=\"_ _b\"/>axes and social security con<span class=\"_ _5\"/>tributions<span class=\"_ _2ad\"> </span><span class=\"lsef ws11c\"> 9<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>478<span class=\"_ _6\"/> <span class=\"_ _a0\"> </span><span class=\"lsf9 ws178\"> 8<span class=\"_ _7\"/>9,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>1<span class=\"_ _6\"/> </span></span>After<span class=\"_ _5\"/>-payments rela<span class=\"_ _5\"/>ting to a<span class=\"_ _5\"/>cquisitions6<span class=\"_ _111\"> </span><span class=\"fs7b ls9d wsac\">3<span class=\"_ _6\"/>,98<span class=\"_ _6\"/>8 <span class=\"_ _83\"> </span><span class=\"ls12d ws116\"> 476<span class=\"_ _6\"/> </span></span>Other liabilities<span class=\"_ _20d\"> </span><span class=\"lsfc ws118\">6<span class=\"_ _7\"/>0,<span class=\"_ _6\"/>18<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span><span class=\"ls128 ws18d\"> 54,<span class=\"_ _6\"/>522 </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _21f\"> </span><span class=\"wsac\">792<span class=\"_ _6\"/>,891<span class=\"_ _71\"> </span><span class=\"ls14d ws1a5\">61<span class=\"_ _6\"/>9<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>17<span class=\"_ _6\"/> </span></span>Of <span class=\"_ _5\"/>the to<span class=\"_ _5\"/>tal ac<span class=\"_ _5\"/>counts pa<span class=\"_ _5\"/>yable appro<span class=\"_ _5\"/>ximat<span class=\"_ _5\"/>ely<span class=\"_ _5\"/> 35% is subject <span class=\"_ _5\"/>to a so-called <span class=\"_ _0\"/>\u2018paid-when-paid\u2019<span class=\"_ _0\"/> clause (2021<span class=\"_ _b\"/>: 45%).<span class=\"_ _0\"/> The expectation is tha<span class=\"_ _b\"/>t all ac<span class=\"_ _5\"/>counts pa<span class=\"_ _5\"/>yable wil<span class=\"_ _5\"/>l be paid within the normal c<span class=\"_ _5\"/>ourse of<span class=\"_ _5\"/> business and are theref<span class=\"_ _5\"/>ore classified as short-term liabilities.<span class=\"_ _0\"/> Further informa<span class=\"_ _5\"/>tion about <span class=\"_ _5\"/>Arcadis\u2019<span class=\"_ _0\"/> exposure t<span class=\"_ _5\"/>o liquidity risk is included in no<span class=\"_ _5\"/>te 32<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Other liabilities include <span class=\"_ _5\"/>various accrued liabilities,<span class=\"_ _0\"/> such as to be paid oc<span class=\"_ _5\"/>cupancy costs,<span class=\"_ _b\"/> insurance cos<span class=\"_ _5\"/>ts and int<span class=\"_ _5\"/>erest c<span class=\"_ _5\"/>osts.<span class=\"_ _b\"/> Any l<span class=\"_ _5\"/>ease incentives (\u2018t<span class=\"_ _5\"/>enant impro<span class=\"_ _5\"/>vement a<span class=\"_ _5\"/>llow<span class=\"_ _5\"/>ances\u2019) rec<span class=\"_ _5\"/>eived are part o<span class=\"_ _5\"/>f the right<span class=\"_ _5\"/>-of-use asset,<span class=\"_ _b\"/> see not<span class=\"_ _5\"/>e 16.32 <span class=\"_ _2\"> </span>Capital and financial risk<span class=\"_ _5\"/> managementArcadis<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> activities expose the Group t<span class=\"_ _b\"/>o a variety o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>financial risks,<span class=\"_ _5\"/> including (A) credit risks,<span class=\"_ _b\"/> (B) liquidity risks,<span class=\"_ _b\"/> and (C) market<span class=\"_ _5\"/> risks.These risks are inheren<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o the w<span class=\"_ _5\"/>ay <span class=\"_ _5\"/>the Group opera<span class=\"_ _5\"/>tes as a mul<span class=\"_ _b\"/>tinational with l<span class=\"_ _5\"/>ocall<span class=\"_ _5\"/>y opera<span class=\"_ _5\"/>ting subsidiaries.<span class=\"_ _5\"/> The Executiv<span class=\"_ _5\"/>e Board is responsible <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the design and functioning of<span class=\"_ _5\"/> the int<span class=\"_ _5\"/>ernal risk mana<span class=\"_ _5\"/>gement sy<span class=\"_ _5\"/>stems.<span class=\"_ _b\"/> The day<span class=\"_ _b\"/>-to-day risk<span class=\"_ _5\"/> management a<span class=\"_ _5\"/>ctivities relat<span class=\"_ _5\"/>ed to <span class=\"_ _5\"/>the financial risk mana<span class=\"_ _5\"/>gement ar<span class=\"_ _5\"/>e carried out by Arcadis Gr<span class=\"_ _5\"/>oup T<span class=\"_ _b\"/>reasury<span class=\"_ _5\"/>,<span class=\"_ _5\"/> in line with <span class=\"_ _5\"/>the guiding principles of<span class=\"_ _5\"/> the Group <span class=\"_ _5\"/>T<span class=\"_ _5\"/>reasury Policy<span class=\"_ _b\"/>,<span class=\"_ _5\"/> as updat<span class=\"_ _5\"/>ed and approv<span class=\"_ _5\"/>ed by the Ex<span class=\"_ _b\"/>ecutive Board in May<span class=\"_ _5\"/> 202<span class=\"_ _5\"/>1.Arcadis <span class=\"_ _5\"/>Audit and Risk C<span class=\"_ _5\"/>ommittee ov<span class=\"_ _5\"/>ersees how managemen<span class=\"_ _5\"/>t monit<span class=\"_ _5\"/>ors compliance with <span class=\"_ _5\"/>the Group risk management<span class=\"_ _5\"/> policies and procedures,<span class=\"_ _0\"/> and the Arca<span class=\"_ _5\"/>dis control <span class=\"_ _5\"/>framework.<span class=\"_ _b\"/> It also re<span class=\"_ _5\"/>views the a<span class=\"_ _5\"/>dequacy o<span class=\"_ _5\"/>f the risk managemen<span class=\"_ _5\"/>t fr<span class=\"_ _5\"/>amework in r<span class=\"_ _5\"/>elation t<span class=\"_ _b\"/>o the risks fac<span class=\"_ _5\"/>ed by <span class=\"_ _5\"/>the Group.(A<span class=\"_ _6\"/>) Credit risksCredit risk<span class=\"_ _5\"/> arises from r<span class=\"_ _5\"/>eceivables <span class=\"_ _5\"/>from cust<span class=\"_ _5\"/>omers as well as cash ba<span class=\"_ _5\"/>lances and fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lues of<span class=\"_ _5\"/> derivativ<span class=\"_ _5\"/>es with financial count<span class=\"_ _5\"/>erparties (e.g.<span class=\"_ _b\"/> banks).<span class=\"_ _b\"/> The credit risk on cus<span class=\"_ _5\"/>tomers is influenc<span class=\"_ _5\"/>ed mainly<span class=\"_ _5\"/> by <span class=\"_ _5\"/>the individual charact<span class=\"_ _5\"/>eristics of<span class=\"_ _5\"/> each cust<span class=\"_ _5\"/>omer<span class=\"_ _0\"/>.<span class=\"_ _5\"/> Arcadis usua<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y invoic<span class=\"_ _5\"/>es clients f<span class=\"_ _5\"/>or services acc<span class=\"_ _5\"/>ording t<span class=\"_ _5\"/>o the progress o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the work.<span class=\"_ _b\"/> If clients refuse or<span class=\"_ _5\"/> are unable <span class=\"_ _5\"/>to meet<span class=\"_ _5\"/> their c<span class=\"_ _5\"/>ontractual pa<span class=\"_ _5\"/>yment obliga<span class=\"_ _5\"/>tions,<span class=\"_ _b\"/> the Group ma<span class=\"_ _5\"/>y not<span class=\"_ _5\"/> have sufficient cash t<span class=\"_ _5\"/>o satisfy<span class=\"_ _5\"/> its liabilities and its growth and continued oper<span class=\"_ _5\"/>ations coul<span class=\"_ _5\"/>d be adversel<span class=\"_ _5\"/>y impact<span class=\"_ _5\"/>ed.The ke<span class=\"_ _5\"/>y objective of<span class=\"_ _5\"/> the Group<span class=\"_ _b\"/>\u2019s count<span class=\"_ _5\"/>erpar<span class=\"_ _6\"/>ty risk mana<span class=\"_ _5\"/>gement is <span class=\"_ _5\"/>to minimize <span class=\"_ _5\"/>the risk of<span class=\"_ _5\"/> losses as a resul<span class=\"_ _b\"/>t of failur<span class=\"_ _5\"/>e of an individua<span class=\"_ _5\"/>l financial count<span class=\"_ _b\"/>erpar<span class=\"_ _6\"/>ty tha<span class=\"_ _5\"/>t could nega<span class=\"_ _5\"/>tivel<span class=\"_ _5\"/>y impact<span class=\"_ _5\"/> the Group<span class=\"_ _5\"/>\u2019s resul<span class=\"_ _b\"/>ts.<span class=\"_ _5\"/> Arca<span class=\"_ _5\"/>dis aims to centr<span class=\"_ _5\"/>alize cash balanc<span class=\"_ _5\"/>es with banks tha<span class=\"_ _5\"/>t ha<span class=\"_ _5\"/>ve also pro<span class=\"_ _5\"/>vided committed credit<span class=\"_ _5\"/> fa<span class=\"_ _5\"/>cilities to <span class=\"_ _5\"/>the Group in order to r<span class=\"_ _5\"/>educe this coun<span class=\"_ _5\"/>terparty risk.The exposure <span class=\"_ _5\"/>to credit<span class=\"_ _5\"/> risk is monit<span class=\"_ _5\"/>ored on an ongoing basis at<span class=\"_ _5\"/> local entity<span class=\"_ _5\"/> and at gr<span class=\"_ _5\"/>oup level.<span class=\"_ _b\"/> Normall<span class=\"_ _b\"/>y<span class=\"_ _5\"/>,<span class=\"_ _5\"/> Arcadis onl<span class=\"_ _b\"/>y deals with c<span class=\"_ _5\"/>ounterparties tha<span class=\"_ _5\"/>t hav<span class=\"_ _5\"/>e a suff<span class=\"_ _6\"/>icientl<span class=\"_ _5\"/>y str<span class=\"_ _5\"/>ong credit ra<span class=\"_ _b\"/>ting.<span class=\"_ _5\"/> Where possible<span class=\"_ _5\"/>,<span class=\"_ _b\"/> Arcadis uses credit r<span class=\"_ _5\"/>atings pro<span class=\"_ _5\"/>vided by ext<span class=\"_ _b\"/>ernal credit ra<span class=\"_ _5\"/>ting agencies,<span class=\"_ _b\"/> thus monit<span class=\"_ _5\"/>oring creditworthiness in order t<span class=\"_ _5\"/>o manage the r<span class=\"_ _5\"/>elat<span class=\"_ _5\"/>ed credit risk.<span class=\"_ _b\"/> Furthermore,<span class=\"_ _b\"/> Arcadis s<span class=\"_ _5\"/>trongl<span class=\"_ _5\"/>y f<span class=\"_ _5\"/>ocuses on clients by<span class=\"_ _5\"/> strengthening the commercia<span class=\"_ _5\"/>l relationship and being mor<span class=\"_ _5\"/>e selective t<span class=\"_ _5\"/>o which clients services are o<span class=\"_ _5\"/>ffered.<span class=\"_ _b\"/> Through s<span class=\"_ _5\"/>yst<span class=\"_ _5\"/>ematic acc<span class=\"_ _5\"/>ount managemen<span class=\"_ _5\"/>t w<span class=\"_ _5\"/>e aim to buil<span class=\"_ _5\"/>d long-t<span class=\"_ _5\"/>erm relationships <span class=\"_ _5\"/>with selected mul<span class=\"_ _b\"/>tinational and k<span class=\"_ _5\"/>ey na<span class=\"_ _5\"/>tional/local clien<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> W<span class=\"_ _b\"/>e already<span class=\"_ _5\"/> have a r<span class=\"_ _5\"/>elationship with <span class=\"_ _5\"/>the majority of<span class=\"_ _5\"/> our mul<span class=\"_ _5\"/>tinational clien<span class=\"_ _5\"/>ts for<span class=\"_ _5\"/> more than <span class=\"_ _5\"/>five years.<span class=\"_ _b\"/> New cus<span class=\"_ _5\"/>tomers are ana<span class=\"_ _5\"/>lyz<span class=\"_ _5\"/>ed individuall<span class=\"_ _5\"/>y f<span class=\"_ _5\"/>or creditw<span class=\"_ _5\"/>or<span class=\"_ _6\"/>thiness bef<span class=\"_ _5\"/>ore services are off<span class=\"_ _5\"/>ered and monitor<span class=\"_ _5\"/>ed regularl<span class=\"_ _5\"/>y<span class=\"_ _5\"/>.The carrying amount of<span class=\"_ _5\"/> financial assets r<span class=\"_ _5\"/>epresents the maximum credit<span class=\"_ _5\"/> exposure<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Per 3<span class=\"_ _b\"/>1 December 202<span class=\"_ _5\"/>2,<span class=\"_ _5\"/> the maximum exposure t<span class=\"_ _b\"/>o credit risk w<span class=\"_ _5\"/>as:In \u20ac thousands<span class=\"_ _105\"> </span>Note<span class=\"_ _101\"> </span><span class=\"fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Financial assets:T<span class=\"_ _b\"/>rade receivables<span class=\"_ _2ae\"> </span>21 <span class=\"_ _54\"> </span><span class=\"lsed ws109\">7<span class=\"_ _6\"/>4<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>3<span class=\"_ _7\"/>9<span class=\"_ _6\"/>2<span class=\"_ _7\"/> <span class=\"_ _37\"> </span><span class=\"lsef ws10b\">52<span class=\"_ _6\"/>1,8<span class=\"_ _6\"/>55<span class=\"_ _6\"/> </span></span>Contr<span class=\"_ _5\"/>act assets (unbilled r<span class=\"_ _5\"/>eceivables)<span class=\"_ _bb\"> </span>22 <span class=\"_ _49\"> </span><span class=\"ls6f ws77\">64<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>59<span class=\"_ _6\"/> <span class=\"_ _49\"> </span><span class=\"ls3e ws3a\">50<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,26<span class=\"_ _6\"/>8 </span></span>Other rec<span class=\"_ _5\"/>eivables<span class=\"_ _1cb\"> </span>24<span class=\"_ _6\"/> <span class=\"_ _46\"> </span><span class=\"lsef ws10b\">16<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>7<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _223\"> </span>16<span class=\"_ _6\"/>,7<span class=\"_ _6\"/>02<span class=\"_ _6\"/> </span>Other non-current<span class=\"_ _5\"/> assets<span class=\"_ _1c2\"> </span><span class=\"ls5b ws5b\">20 <span class=\"_ _38\"> </span></span><span class=\"wsac\">20,8<span class=\"_ _6\"/>89<span class=\"_ _6\"/> <span class=\"_ _223\"> </span><span class=\"lsfb ws117\">2<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>214<span class=\"_ _6\"/> </span></span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _21f\"> </span>19 <span class=\"_ _46\"> </span><span class=\"ls10f ws12c\">15<span class=\"_ _7\"/>,9<span class=\"_ _6\"/>4<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _19c\"> </span><span class=\"lsed ws109\">7,<span class=\"_ _7\"/>1<span class=\"_ _6\"/>0<span class=\"_ _7\"/>7<span class=\"_ _7\"/> </span></span>Loans t<span class=\"_ _5\"/>o associat<span class=\"_ _5\"/>es and joint v<span class=\"_ _5\"/>entures<span class=\"_ _26c\"> </span>17<span class=\"_ _6\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - </span> 1,445,756 <span class=\"_ _e3\"> </span> 1,06<span class=\"_ _6\"/>8,146 Cash and cash equivalen<span class=\"_ _5\"/>ts less bank ov<span class=\"_ _5\"/>erdrafts<span class=\"_ _117\"> </span><span class=\"wsac\">25<span class=\"_ _37\"> </span></span> 257<span class=\"_ _5\"/>,598 <span class=\"_ _de\"> </span><span class=\"lsf9 ws178\"> 3<span class=\"_ _6\"/>5<span class=\"_ _6\"/>0<span class=\"_ _7\"/>,9<span class=\"_ _6\"/>12<span class=\"_ _6\"/> </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _264\"> </span><span class=\"ls9d ws1\"> 1,703,354 <span class=\"_ _c3\"> </span> 1,41<span class=\"_ _5\"/>9,05<span class=\"_ _6\"/>8 </span>T<span class=\"_ _b\"/>rade receiv<span class=\"_ _5\"/>ablesT<span class=\"_ _b\"/>rade receiv<span class=\"_ _5\"/>ables are presen<span class=\"_ _5\"/>ted net<span class=\"_ _5\"/> of<span class=\"_ _5\"/> a provision f<span class=\"_ _5\"/>or expect<span class=\"_ _5\"/>ed credit l<span class=\"_ _5\"/>osses.<span class=\"_ _5\"/> The credit<span class=\"_ _5\"/> risk is measured and anal<span class=\"_ _5\"/>yzed on a loca<span class=\"_ _5\"/>l level a<span class=\"_ _5\"/>t regular<span class=\"_ _5\"/> intervals,<span class=\"_ _0\"/> taking into c<span class=\"_ _5\"/>onsideration,<span class=\"_ _0\"/> amongst others,<span class=\"_ _0\"/> the financial situa<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the debt<span class=\"_ _b\"/>or and ageing of<span class=\"_ _5\"/> receivabl<span class=\"_ _5\"/>es.<span class=\"_ _b\"/> Expec<span class=\"_ _6\"/>ted losses ar<span class=\"_ _5\"/>e determined in line <span class=\"_ _5\"/>with IFRS 9,<span class=\"_ _b\"/> see not<span class=\"_ _5\"/>e 21<span class=\"_ _5\"/>.The ageing o<span class=\"_ _5\"/>f T<span class=\"_ _b\"/>rade r<span class=\"_ _5\"/>eceivables and <span class=\"_ _5\"/>the provision f<span class=\"_ _b\"/>or T<span class=\"_ _b\"/>rade rec<span class=\"_ _5\"/>eivables a<span class=\"_ _5\"/>t reporting dat<span class=\"_ _5\"/>e is disclosed below and in not<span class=\"_ _5\"/>e 21<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The ageing o<span class=\"_ _5\"/>f rec<span class=\"_ _5\"/>eivables has led <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the recognition of<span class=\"_ _5\"/> (expected) cr<span class=\"_ _5\"/>edit losses and calibr<span class=\"_ _5\"/>ation of<span class=\"_ _5\"/> assumptions as included in <span class=\"_ _5\"/>the Goodwill impairment<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>t.The movemen<span class=\"_ _5\"/>t schedule f<span class=\"_ _b\"/>or the provision <span class=\"_ _5\"/>for<span class=\"_ _5\"/> T<span class=\"_ _b\"/>rade receiv<span class=\"_ _5\"/>ables is included in no<span class=\"_ _5\"/>te 2<span class=\"_ _5\"/>1<span class=\"_ _5\"/>.2022<span class=\"_ _26b\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>Gross Provision Provision Gross Provision Provision In \u20ac thousandsReceiv<span class=\"_ _5\"/>ablesbad debtECLReceiv<span class=\"_ _5\"/>ablesbad debtECLNot<span class=\"_ _5\"/> past due<span class=\"_ _2a3\"> </span> 509,257 <span class=\"_ _174\"> </span> (3,310)<span class=\"_ _e0\"> </span> (329)<span class=\"_ _ae\"> </span><span class=\"lsf7 ws17f\"> 3<span class=\"_ _7\"/>8<span class=\"_ _6\"/>6<span class=\"_ _7\"/>,<span class=\"_ _7\"/>174<span class=\"_ _6\"/> <span class=\"_ _50\"> </span></span> (4,218)<span class=\"_ _d2\"> </span><span class=\"lsf0 ws15c\"> (<span class=\"_ _6\"/>24<span class=\"_ _6\"/>4)</span>Past due 0-3<span class=\"_ _6\"/>0 days<span class=\"_ _140\"> </span> 8<span class=\"_ _6\"/>6,3<span class=\"_ _6\"/>60<span class=\"_ _6\"/> <span class=\"_ _d4\"> </span> (<span class=\"_ _6\"/>95<span class=\"_ _6\"/>3)<span class=\"_ _db\"> </span> (3<span class=\"_ _6\"/>2)<span class=\"_ _d7\"> </span><span class=\"ls110 ws15f\"> 65<span class=\"_ _6\"/>,439<span class=\"_ _6\"/> <span class=\"_ _da\"> </span></span> (1,3<span class=\"_ _5\"/>14)<span class=\"_ _14c\"> </span><span class=\"ls10c ws136\"> (<span class=\"_ _6\"/>33)</span>Past due 3<span class=\"_ _5\"/>1-60 days<span class=\"_ _271\"> </span><span class=\"lsf6 ws10f\"> 49,8<span class=\"_ _6\"/>4<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _174\"> </span></span> (1,878)<span class=\"_ _14c\"> </span> (10)<span class=\"_ _d0\"> </span> 28,4<span class=\"_ _6\"/>0<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _e0\"> </span><span class=\"ls164 ws197\"> (<span class=\"_ _5\"/>906)<span class=\"_ _14c\"> </span><span class=\"lsfc ws11b\"> (18<span class=\"_ _6\"/>)</span></span>Past due 6<span class=\"_ _5\"/>1-1<span class=\"_ _5\"/>20 days<span class=\"_ _275\"> </span> 33,0<span class=\"_ _6\"/>93<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span><span class=\"lsf7 ws17f\"> (<span class=\"_ _6\"/>3<span class=\"_ _6\"/>74<span class=\"_ _6\"/>)<span class=\"_ _db\"> </span></span> (77)<span class=\"_ _aa\"> </span> 1<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>6<span class=\"_ _7\"/>2<span class=\"_ _6\"/>2<span class=\"_ _7\"/> <span class=\"_ _d4\"> </span><span class=\"ls10d ws10d\"> (6<span class=\"_ _6\"/>07<span class=\"_ _6\"/>)<span class=\"_ _db\"> </span><span class=\"lsf9 ws178\"> (<span class=\"_ _6\"/>12<span class=\"_ _6\"/>)</span></span>Past due 1<span class=\"_ _b\"/>21-36<span class=\"_ _6\"/>4 days<span class=\"_ _2af\"> </span><span class=\"ls3 ws137\"> 48,349 <span class=\"_ _b6\"> </span></span> (4,6<span class=\"_ _6\"/>62)<span class=\"_ _e0\"> </span> (2<span class=\"_ _6\"/>24)<span class=\"_ _63\"> </span><span class=\"lsf2 ws148\"> 22<span class=\"_ _6\"/>,5<span class=\"_ _6\"/>70 <span class=\"_ _174\"> </span></span> (5,756)<span class=\"_ _db\"> </span><span class=\"lsf9 ws178\"> (<span class=\"_ _6\"/>12<span class=\"_ _6\"/>)</span>More than 364 days due<span class=\"_ _c5\"> </span><span class=\"lsfc ws11b\"> 72,<span class=\"_ _6\"/>218 <span class=\"_ _4e\"> </span></span> (4<span class=\"_ _5\"/>2,525)<span class=\"_ _39\"> </span> (<span class=\"_ _6\"/>11<span class=\"_ _6\"/>8<span class=\"_ _7\"/>)<span class=\"_ _63\"> </span><span class=\"ls128 ws18d\"> 52,738<span class=\"_ _6\"/> <span class=\"_ _9e\"> </span></span> (39,69<span class=\"_ _6\"/>6)<span class=\"_ _e0\"> </span><span class=\"lsf2 ws148\"> (<span class=\"_ _6\"/>370)</span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _af\"> </span> 7<span class=\"_ _6\"/>9<span class=\"_ _7\"/>9<span class=\"_ _6\"/>,<span class=\"_ _6\"/>11<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _cd\"> </span><span class=\"ls9d ws1\"> (53,702)<span class=\"_ _c3\"> </span><span class=\"ls2 ws14a\"> (<span class=\"_ _6\"/>79<span class=\"_ _6\"/>0)<span class=\"_ _b0\"> </span><span class=\"lsfc ws11b\"> 572<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>51<span class=\"_ _6\"/> <span class=\"_ _9f\"> </span></span></span> (52<span class=\"_ _6\"/>,497)<span class=\"_ _d2\"> </span><span class=\"ls2 ws14a\"> (6<span class=\"_ _6\"/>89)</span></span>There are <span class=\"_ _5\"/>various reasons f<span class=\"_ _b\"/>or delays in pa<span class=\"_ _5\"/>yments tha<span class=\"_ _5\"/>t resul<span class=\"_ _b\"/>t in past due amoun<span class=\"_ _5\"/>ts and that<span class=\"_ _5\"/> impact Da<span class=\"_ _5\"/>ys Sales Outstanding (DSO).<span class=\"_ _b\"/> Arca<span class=\"_ _5\"/>dis has overdue r<span class=\"_ _5\"/>eceivables <span class=\"_ _5\"/>which are general<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> considered col<span class=\"_ _5\"/>lectible and f<span class=\"_ _5\"/>or which the risk o<span class=\"_ _5\"/>f impairment<span class=\"_ _5\"/> is remot<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> Amounts due a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 subject t<span class=\"_ _5\"/>o the <span class=\"_ _b\"/>\u2018paid-<span class=\"_ _5\"/>when-paid principle\u2019<span class=\"_ _0\"/> are disclosed in not<span class=\"_ _5\"/>e 21<span class=\"_ _b\"/>. Further details on ho<span class=\"_ _5\"/>w Arca<span class=\"_ _5\"/>dis uses this principle <span class=\"_ _5\"/>to manage <span class=\"_ _5\"/>working capital is disclosed in <span class=\"_ _5\"/>the section<span class=\"_ _6\"/> on liquidity risk.Other rec<span class=\"_ _5\"/>eivables and non-current<span class=\"_ _5\"/> assetsOther rec<span class=\"_ _5\"/>eivables and Other non-curren<span class=\"_ _5\"/>t assets are monit<span class=\"_ _b\"/>ored for<span class=\"_ _5\"/> expected credit<span class=\"_ _5\"/> losses.<span class=\"_ _b\"/> They do no<span class=\"_ _b\"/>t contain impair<span class=\"_ _5\"/>ed assets and are no<span class=\"_ _5\"/>t past due<span class=\"_ _5\"/>.Loans <span class=\"_ _5\"/>to associat<span class=\"_ _b\"/>es and joint ven<span class=\"_ _5\"/>turesLoans <span class=\"_ _5\"/>to associat<span class=\"_ _b\"/>es and joint ven<span class=\"_ _5\"/>tures are subject <span class=\"_ _5\"/>to credit<span class=\"_ _5\"/> risk.<span class=\"_ _5\"/> A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> no mat<span class=\"_ _5\"/>erial loans t<span class=\"_ _5\"/>o associat<span class=\"_ _5\"/>es were outstanding.Cash and cash equival<span class=\"_ _5\"/>entsThe credit risk<span class=\"_ _5\"/> of<span class=\"_ _5\"/> Cash and cash equivalen<span class=\"_ _5\"/>ts is the risk <span class=\"_ _5\"/>that c<span class=\"_ _5\"/>ounterparties are no<span class=\"_ _5\"/>t able t<span class=\"_ _b\"/>o repay amoun<span class=\"_ _5\"/>ts owed to <span class=\"_ _5\"/>Arcadis upon reques<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> Arca<span class=\"_ _5\"/>dis.<span class=\"_ _b\"/> The objective of <span class=\"_ _5\"/>the Group is t<span class=\"_ _5\"/>o minimize credit<span class=\"_ _5\"/> risk exposure in Cash and cash equival<span class=\"_ _5\"/>ents by in<span class=\"_ _5\"/>vesting in liquid securities and ent<span class=\"_ _5\"/>ering int<span class=\"_ _5\"/>o transactions inv<span class=\"_ _5\"/>olving deriv<span class=\"_ _5\"/>ative <span class=\"_ _5\"/>financial instruments onl<span class=\"_ _b\"/>y with coun<span class=\"_ _5\"/>terparties that<span class=\"_ _5\"/> have sound cr<span class=\"_ _5\"/>edit ra<span class=\"_ _5\"/>tings,<span class=\"_ _b\"/> a good reputation and belong <span class=\"_ _5\"/>to the group o<span class=\"_ _5\"/>f Core banks <span class=\"_ _5\"/>which also pro<span class=\"_ _5\"/>vide committed cr<span class=\"_ _5\"/>edit fa<span class=\"_ _5\"/>cilities.<span class=\"_ _b\"/> The relat<span class=\"_ _5\"/>ed risk is monit<span class=\"_ _5\"/>ored on an ongoing basis both a<span class=\"_ _5\"/>t loca<span class=\"_ _5\"/>l entity and group l<span class=\"_ _5\"/>evel.<span class=\"_ _b\"/> The Group k<span class=\"_ _5\"/>eeps approxima<span class=\"_ _5\"/>tel<span class=\"_ _b\"/>y 66% (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 85%) of<span class=\"_ _5\"/> its cash reserves at<span class=\"_ _5\"/> our Cor<span class=\"_ _5\"/>e banks and is only<span class=\"_ _5\"/> allo<span class=\"_ _5\"/>wed t<span class=\"_ _5\"/>o invest<span class=\"_ _5\"/> in short-term,<span class=\"_ _0\"/> liquid securities with count<span class=\"_ _5\"/>erpar<span class=\"_ _6\"/>ties tha<span class=\"_ _5\"/>t hav<span class=\"_ _5\"/>e an inves<span class=\"_ _5\"/>tment gra<span class=\"_ _5\"/>de rating <span class=\"_ _5\"/>from Standar<span class=\"_ _5\"/>d &amp; Poor\u2019s,<span class=\"_ _b\"/> Moody<span class=\"_ _6\"/>\u2019s or Fit<span class=\"_ _b\"/>ch.<span class=\"_ _5\"/> Management monit<span class=\"_ _5\"/>ors these ra<span class=\"_ _b\"/>tings and<span class=\"_ _6\"/> does not<span class=\"_ _5\"/> expect any<span class=\"_ _5\"/> such count<span class=\"_ _5\"/>erpar<span class=\"_ _6\"/>ty t<span class=\"_ _5\"/>o fail <span class=\"_ _5\"/>to mee<span class=\"_ _5\"/>t its obligations in <span class=\"_ _5\"/>the shor<span class=\"_ _6\"/>t-<span class=\"_ _5\"/>term.<span class=\"_ _b\"/> The change in percen<span class=\"_ _5\"/>tage of<span class=\"_ _5\"/> Core banks compar<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o last y<span class=\"_ _5\"/>ear is mainl<span class=\"_ _5\"/>y caused by<span class=\"_ _5\"/> the acquisition o<span class=\"_ _b\"/>f IBI Group and DPS Group tha<span class=\"_ _b\"/>t are using other<span class=\"_ _5\"/> banks than our o<span class=\"_ _5\"/>wn Core banks.Guarant<span class=\"_ _5\"/>ees and lett<span class=\"_ _5\"/>ers of<span class=\"_ _5\"/> creditOn behal<span class=\"_ _5\"/>f of<span class=\"_ _5\"/> the Group and l<span class=\"_ _5\"/>ocal entities,<span class=\"_ _b\"/> financial institutions (such as banks and insuranc<span class=\"_ _5\"/>e companies) hav<span class=\"_ _5\"/>e provided bank<span class=\"_ _5\"/> guarant<span class=\"_ _5\"/>ees,<span class=\"_ _b\"/> surety bonds and le<span class=\"_ _5\"/>tters o<span class=\"_ _5\"/>f credit amoun<span class=\"_ _5\"/>ting t<span class=\"_ _5\"/>o \u20ac15<span class=\"_ _b\"/>1.6 mil<span class=\"_ _5\"/>lion outstanding as at 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac1<span class=\"_ _5\"/>4<span class=\"_ _5\"/>1.3 mil<span class=\"_ _5\"/>lion).<span class=\"_ _5\"/> In addition,<span class=\"_ _b\"/> Arcadis NV<span class=\"_ _5\"/> has provided <span class=\"_ _5\"/>financial guarant<span class=\"_ _5\"/>ees to banks for<span class=\"_ _5\"/> a maximum amount of<span class=\"_ _5\"/> \u20ac1<span class=\"_ _b\"/>77<span class=\"_ _b\"/>.6 million (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _b\"/>63.0 million).<span class=\"_ _b\"/> No Expec<span class=\"_ _6\"/>ted Credit<span class=\"_ _5\"/> Losses are r<span class=\"_ _5\"/>ecognized from these guarant<span class=\"_ _5\"/>ees.(B) Liquidity risks Liquidity risk<span class=\"_ _5\"/> is the risk tha<span class=\"_ _b\"/>t Arcadis <span class=\"_ _5\"/>will not<span class=\"_ _5\"/> be able t<span class=\"_ _5\"/>o meet its <span class=\"_ _5\"/>financial obligations as <span class=\"_ _5\"/>they f<span class=\"_ _5\"/>all due<span class=\"_ _5\"/>.<span class=\"_ _5\"/> The primary objective of<span class=\"_ _5\"/> liquidity management<span class=\"_ _5\"/> is providing f<span class=\"_ _b\"/>or suff<span class=\"_ _6\"/>icient c<span class=\"_ _5\"/>ommitted credit<span class=\"_ _5\"/> facilities and cash and cash equival<span class=\"_ _5\"/>ents t<span class=\"_ _5\"/>o enable Arca<span class=\"_ _5\"/>dis t<span class=\"_ _5\"/>o meet its liabilities when due<span class=\"_ _5\"/>,<span class=\"_ _b\"/> under both normal and s<span class=\"_ _5\"/>tressed conditions,<span class=\"_ _b\"/> without incurring unac<span class=\"_ _5\"/>ceptabl<span class=\"_ _5\"/>e losses or risking damage <span class=\"_ _5\"/>to <span class=\"_ _5\"/>Arcadis.<span class=\"_ _b\"/> Our Group <span class=\"_ _5\"/>T<span class=\"_ _b\"/>reasur<span class=\"_ _6\"/>y Policy supports this principle by<span class=\"_ _5\"/> stating <span class=\"_ _5\"/>that<span class=\"_ _5\"/> the Group aims t<span class=\"_ _b\"/>o have no more <span class=\"_ _5\"/>than 33% o<span class=\"_ _5\"/>f t<span class=\"_ _5\"/>otal <span class=\"_ _5\"/>fixed debt<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o be refinanced in any one year<span class=\"_ _5\"/> and tha<span class=\"_ _5\"/>t the minimal liquidity<span class=\"_ _5\"/> at<span class=\"_ _5\"/> any given poin<span class=\"_ _5\"/>t in time shoul<span class=\"_ _5\"/>d al<span class=\"_ _5\"/>way<span class=\"_ _5\"/>s exc<span class=\"_ _5\"/>eed \u20ac20<span class=\"_ _6\"/>0.0 million.Neither <span class=\"_ _5\"/>the aged (un)billed rec<span class=\"_ _5\"/>eivables o<span class=\"_ _5\"/>f individual cus<span class=\"_ _5\"/>tomers,<span class=\"_ _b\"/> nor the pr<span class=\"_ _5\"/>ofile o<span class=\"_ _5\"/>f the ac<span class=\"_ _5\"/>counts rec<span class=\"_ _5\"/>eivable portfolio,<span class=\"_ _b\"/> impose a significant thr<span class=\"_ _5\"/>eat<span class=\"_ _5\"/> to <span class=\"_ _5\"/>the Group<span class=\"_ _5\"/>\u2019s liquidity planning.Over the course o<span class=\"_ _5\"/>f the year<span class=\"_ _0\"/>,<span class=\"_ _b\"/> f<span class=\"_ _6\"/>luctuations occur in the working capital needed to finance opera<span class=\"_ _5\"/>tions.<span class=\"_ _b\"/> The <span class=\"_ _6\"/>Group strives <span class=\"_ _5\"/>to ha<span class=\"_ _5\"/>ve a good liquidity position a<span class=\"_ _5\"/>t al<span class=\"_ _5\"/>l times,<span class=\"_ _b\"/> strictly<span class=\"_ _5\"/> control<span class=\"_ _5\"/>ling working capital b<span class=\"_ _5\"/>y optimizing bil<span class=\"_ _5\"/>ling and coll<span class=\"_ _5\"/>ection and consequentl<span class=\"_ _5\"/>y maintaining a heal<span class=\"_ _b\"/>thy net<span class=\"_ _5\"/> debt <span class=\"_ _5\"/>to EBITD<span class=\"_ _5\"/>A ra<span class=\"_ _5\"/>tio.T<span class=\"_ _b\"/>o manage w<span class=\"_ _5\"/>orking capital,<span class=\"_ _5\"/> but onl<span class=\"_ _5\"/>y if<span class=\"_ _5\"/> legall<span class=\"_ _b\"/>y allo<span class=\"_ _5\"/>wed and commercia<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y possible<span class=\"_ _5\"/>,<span class=\"_ _5\"/> Arca<span class=\"_ _5\"/>dis agrees with part o<span class=\"_ _5\"/>f its sub-<span class=\"_ _6\"/>contr<span class=\"_ _5\"/>actors so-called <span class=\"_ _b\"/>\u2018paid-<span class=\"_ _5\"/>when-paid\u2019<span class=\"_ _b\"/> clauses.<span class=\"_ _5\"/> This means tha<span class=\"_ _5\"/>t <span class=\"_ _5\"/>Arcadis is in such instances be<span class=\"_ _5\"/>tter<span class=\"_ _5\"/> able to ma<span class=\"_ _5\"/>tch <span class=\"_ _5\"/>the cash inflows <span class=\"_ _5\"/>from debt<span class=\"_ _b\"/>ors with the rela<span class=\"_ _5\"/>ted cash outflow<span class=\"_ _5\"/>s to suppliers,<span class=\"_ _0\"/> as the timing o<span class=\"_ _5\"/>f the paymen<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> the supplier is dependen<span class=\"_ _5\"/>t on the c<span class=\"_ _5\"/>ollection of<span class=\"_ _5\"/> the receiv<span class=\"_ _5\"/>able from a clien<span class=\"_ _5\"/>t.<span class=\"_ _b\"/> This could how<span class=\"_ _5\"/>ever be impacted b<span class=\"_ _5\"/>y contr<span class=\"_ _5\"/>actual clauses and/<span class=\"_ _5\"/>or loca<span class=\"_ _5\"/>l laws and r<span class=\"_ _5\"/>egulations tha<span class=\"_ _b\"/>t limit the maximum ext<span class=\"_ _5\"/>ension of paymen<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>erms t<span class=\"_ _5\"/>o a moment bef<span class=\"_ _5\"/>ore Ar<span class=\"_ _5\"/>cadis gets paid by<span class=\"_ _5\"/> its client.<span class=\"_ _b\"/> In case of non-pa<span class=\"_ _5\"/>yment b<span class=\"_ _5\"/>y the deb<span class=\"_ _5\"/>tor<span class=\"_ _0\"/>,<span class=\"_ _b\"/> Arcadis s<span class=\"_ _5\"/>till has t<span class=\"_ _5\"/>o fulfil its obliga<span class=\"_ _5\"/>tions t<span class=\"_ _5\"/>owards <span class=\"_ _5\"/>the supplier under a <span class=\"_ _b\"/>\u2018paid-<span class=\"_ _5\"/>when-paid\u2019<span class=\"_ _b\"/> clause.<span class=\"_ _b\"/> Accounts pa<span class=\"_ _b\"/>yable at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 2022 subject<span class=\"_ _5\"/> to <span class=\"_ _5\"/>the <span class=\"_ _b\"/>\u2018paid-when-paid principl<span class=\"_ _5\"/>e\u2019<span class=\"_ _b\"/> are disclosed in no<span class=\"_ _5\"/>te 30.<span class=\"_ _b\"/> The expectation is <span class=\"_ _5\"/>that all a<span class=\"_ _5\"/>ccounts pa<span class=\"_ _5\"/>yable <span class=\"_ _5\"/>will be paid within <span class=\"_ _5\"/>the normal course o<span class=\"_ _5\"/>f business and are ther<span class=\"_ _5\"/>efor<span class=\"_ _5\"/>e classified as shor<span class=\"_ _6\"/>t-term liabilities.A descrip<span class=\"_ _5\"/>tion and anal<span class=\"_ _5\"/>ysis of<span class=\"_ _5\"/> the credit<span class=\"_ _5\"/> lines listed abo<span class=\"_ _5\"/>ve and its movemen<span class=\"_ _5\"/>ts compared t<span class=\"_ _5\"/>o last <span class=\"_ _5\"/>year is provided in no<span class=\"_ _5\"/>te 30.Lines of<span class=\"_ _5\"/> credit The Company<span class=\"_ _5\"/> maintains the lines o<span class=\"_ _5\"/>f credit<span class=\"_ _5\"/> as summarized in the <span class=\"_ _5\"/>table below<span class=\"_ _0\"/>.In millions<span class=\"_ _2b0\"> </span><span class=\"ff1 fs7b fc1 ls3e\">31 December<span class=\"_ _5\"/> 2022<span class=\"_ _1a5\"> </span><span class=\"ff2 fc6\">3<span class=\"_ _5\"/>1 December 202<span class=\"_ _5\"/>1</span></span>T<span class=\"_ _5\"/>ype<span class=\"_ _2b1\"> </span>Inter<span class=\"_ _5\"/>est/fees<span class=\"_ _2b2\"> </span>A<span class=\"_ _5\"/>vailable<span class=\"_ _150\"> </span>Utilized<span class=\"_ _2b2\"> </span><span class=\"fc6\">A<span class=\"_ _5\"/>vailable<span class=\"_ _150\"> </span>Utiliz<span class=\"_ _5\"/>ed</span>in \u20ac millions<span class=\"_ _11c\"> </span>CAD<span class=\"_ _48\"> </span>USD<span class=\"_ _48\"> </span>EUR<span class=\"_ _37\"> </span>C<span class=\"_ _6\"/>AD<span class=\"_ _37\"> </span>USD<span class=\"_ _48\"> </span>EUR<span class=\"_ _48\"> </span><span class=\"fc6\">CAD<span class=\"_ _48\"> </span>USD<span class=\"_ _48\"> </span>EUR<span class=\"_ _37\"> </span>CAD<span class=\"_ _48\"> </span>USD<span class=\"_ _48\"> </span>EUR</span>Bridge Loan F<span class=\"_ _5\"/>acility<span class=\"_ _2b3\"> </span><span class=\"wsac\">EURIBOR<span class=\"_ _1af\"> </span>\u20ac750.0<span class=\"_ _1af\"> </span>\u20ac750.0<span class=\"_ _26a\"> </span>\u20ac0<span class=\"_ _6\"/>.0<span class=\"_ _26a\"> </span>\u20ac0.0</span>Rev<span class=\"_ _5\"/>olving Credit<span class=\"_ _5\"/> Facility<span class=\"_ _290\"> </span><span class=\"wsac\">EURIBOR<span class=\"_ _1af\"> </span>\u20ac500<span class=\"_ _6\"/>.0<span class=\"_ _26a\"> </span>\u20ac0.0<span class=\"_ _154\"> </span>\u20ac5<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0.0<span class=\"_ _26a\"> </span>\u20ac0.0</span>Debentures IBI<span class=\"_ _81\"> </span><span class=\"wsac\">6<span class=\"_ _6\"/>.50<span class=\"_ _6\"/>%<span class=\"_ _b6\"> </span>CA$29.3<span class=\"_ _c5\"> </span>\u20ac20.1<span class=\"_ _b7\"> </span>CA$2<span class=\"_ _6\"/>9.3<span class=\"_ _c5\"> </span>\u20ac20.1</span>Committ<span class=\"_ _5\"/>ed facilities<span class=\"_ _92\"> </span><span class=\"wsac\">EURIBOR<span class=\"_ _1d1\"> </span>\u20ac0.0<span class=\"_ _26a\"> </span>\u20ac0.0<span class=\"_ _26a\"> </span>\u20ac0.0<span class=\"_ _1d1\"> </span>\u20ac0.0</span>Uncommitted mul<span class=\"_ _5\"/>ti-currency facilities<span class=\"_ _f0\"> </span><span class=\"wsac\">Floating<span class=\"_ _1af\"> </span>\u20ac120.0<span class=\"_ _26a\"> </span>\u20ac0.0<span class=\"_ _1af\"> </span>\u20ac100.0<span class=\"_ _1d1\"> </span>\u20ac0.0</span>Schuldschein not<span class=\"_ _5\"/>es<span class=\"_ _ef\"> </span><span class=\"wsac\">Fixed/floating<span class=\"_ _154\"> </span>\u20ac190.0<span class=\"_ _1af\"> </span>\u20ac190<span class=\"_ _6\"/>.0<span class=\"_ _1af\"> </span>\u20ac254.0<span class=\"_ _1af\"> </span>\u20ac254.0</span>Schuldschein not<span class=\"_ _5\"/>es<span class=\"_ _ef\"> </span><span class=\"wsac\">Fixed/floating<span class=\"_ _c5\"> </span>US$0<span class=\"_ _54\"> </span>\u20ac0.0<span class=\"_ _c5\"> </span>US$0<span class=\"_ _54\"> </span>\u20ac0.0<span class=\"_ _14d\"> </span>US$13.0<span class=\"_ _252\"> </span>\u20ac1<span class=\"_ _5\"/>1.4<span class=\"_ _14d\"> </span>US$1<span class=\"_ _b\"/>3<span class=\"_ _6\"/>.0<span class=\"_ _252\"> </span>\u20ac11<span class=\"_ _5\"/>.4</span>Guarant<span class=\"_ _5\"/>ee facility<span class=\"_ _262\"> </span>0.30<span class=\"_ _6\"/>% -<span class=\"_ _5\"/> <span class=\"_ _6\"/>0<span class=\"_ _6\"/>.65%<span class=\"_ _186\"> </span><span class=\"wsac\">\u20ac76.2<span class=\"_ _c1\"> </span>\u20ac41<span class=\"_ _5\"/>.3<span class=\"_ _186\"> </span>\u20ac63.7<span class=\"_ _186\"> </span>\u20ac42.1</span>Other (loans)<span class=\"_ _180\"> </span><span class=\"wsac\">V<span class=\"_ _5\"/>arious<span class=\"_ _186\"> </span>\u20ac33.7<span class=\"_ _26a\"> </span>\u20ac9.9<span class=\"_ _c1\"> </span>\u20ac24.0<span class=\"_ _26a\"> </span>\u20ac0.9</span>Other (bank guar<span class=\"_ _5\"/>antees and sure<span class=\"_ _5\"/>ty bonds)<span class=\"_ _275\"> </span><span class=\"wsac\">Various<span class=\"_ _1af\"> </span>\u20ac149.8<span class=\"_ _135\"> </span>\u20ac107<span class=\"_ _0\"/>.1<span class=\"_ _1e\"> </span>\u20ac1<span class=\"_ _5\"/>41<span class=\"_ _5\"/>.9<span class=\"_ _186\"> </span>\u20ac99.2</span>Contr<span class=\"_ _5\"/>actual obligationsThe fol<span class=\"_ _5\"/>lowing tables describe our commitments and contractual obliga<span class=\"_ _5\"/>tions for the f<span class=\"_ _b\"/>ollowing five years and thereaft<span class=\"_ _5\"/>er<span class=\"_ _b\"/>.<span class=\"_ _b\"/> The other<span class=\"_ _5\"/> long-t<span class=\"_ _5\"/>erm debt<span class=\"_ _5\"/> obligations are <span class=\"_ _5\"/>the debt service obliga<span class=\"_ _5\"/>tions.<span class=\"_ _5\"/> No colla<span class=\"_ _5\"/>ter<span class=\"_ _5\"/>al has been pledged f<span class=\"_ _5\"/>or liabilities or<span class=\"_ _5\"/> contingent<span class=\"_ _5\"/> liabilities.In \u20ac thousands<span class=\"_ _2b4\"> </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _79\"> </span>&lt; 1 year<span class=\"_ _109\"> </span>1 -<span class=\"_ _5\"/> <span class=\"_ _7\"/>3 years<span class=\"_ _83\"> </span>4 -<span class=\"_ _5\"/> <span class=\"_ _6\"/>5 <span class=\"_ _7\"/>years<span class=\"_ _1b7\"> </span>&gt; <span class=\"_ _6\"/>5 yeContr<span class=\"_ _5\"/>actual obligations a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _2b5\"> </span><span class=\"ls3 ws137\">  <span class=\"_ _86\"> </span>  </span>Guarant<span class=\"_ _5\"/>ees on behalf<span class=\"_ _5\"/> of associa<span class=\"_ _5\"/>tes <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _c\"> </span>-   Off balance shee<span class=\"_ _5\"/>t lease commitments <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _c\"> </span>-   For<span class=\"_ _5\"/>eign exchange con<span class=\"_ _5\"/>tracts:Outflow (542,50<span class=\"_ _6\"/>0)<span class=\"_ _161\"> </span> (542,50<span class=\"_ _6\"/>0)<span class=\"_ _1bd\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _c\"> </span>-   </span>Inflow 53<span class=\"_ _5\"/>6,666 <span class=\"_ _52\"> </span> 536,666 <span class=\"_ _1bd\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te sw<span class=\"_ _5\"/>aps:Outflow <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _c\"> </span>-   Inflow <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _c\"> </span>-   Cross Currency s<span class=\"_ _5\"/>waps:Outflow<span class=\"_ _2b6\"> </span> 42<span class=\"_ _6\"/>,61<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _79\"> </span> 42<span class=\"_ _6\"/>,61<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Inflow (4<span class=\"_ _5\"/>1,024<span class=\"_ _5\"/>)<span class=\"_ _ff\"> </span> (4<span class=\"_ _5\"/>1,02<span class=\"_ _5\"/>4)<span class=\"_ _1bd\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> Deferr<span class=\"_ _5\"/>ed consideration<span class=\"_ _2b7\"> </span> 5,309 <span class=\"_ _64\"> </span> 2,<span class=\"_ _7\"/>176<span class=\"_ _6\"/> <span class=\"_ _64\"> </span> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>133<span class=\"_ _7\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Interest<span class=\"_ _2b8\"> </span> 3<span class=\"_ _6\"/>8<span class=\"_ _7\"/>,<span class=\"_ _7\"/>2<span class=\"_ _6\"/>11<span class=\"_ _6\"/> <span class=\"_ _2b9\"> </span><span class=\"lsf6 ws10f\"> 22,456 <span class=\"_ _2b9\"> </span><span class=\"lsee ws11e\"> 13<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>3<span class=\"_ _6\"/>8<span class=\"_ _6\"/> </span></span> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>517<span class=\"_ _7\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span>Lease obliga<span class=\"_ _5\"/>tions<span class=\"_ _2ba\"> </span> 307<span class=\"_ _0\"/>,7<span class=\"_ _5\"/>63 <span class=\"_ _79\"> </span><span class=\"lsef ws11c\"> 71,<span class=\"_ _6\"/>816<span class=\"_ _6\"/> <span class=\"_ _7d\"> </span><span class=\"lsf2 ws148\"> 102<span class=\"_ _6\"/>,927<span class=\"_ _6\"/> </span></span> 6<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,<span class=\"_ _6\"/>163<span class=\"_ _6\"/> <span class=\"_ _15b\"> </span><span class=\"ls119 ws17c\"> 64<span class=\"_ _6\"/>,857<span class=\"_ _6\"/> </span>Loans and borro<span class=\"_ _5\"/>wings <span class=\"_ _2bb\"> </span>95<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,<span class=\"_ _6\"/>16<span class=\"_ _6\"/>5<span class=\"_ _13d\"> </span>56,230<span class=\"_ _6\"/> <span class=\"_ _52\"> </span><span class=\"lsf6 ws10f\"> 8<span class=\"_ _6\"/>49,4<span class=\"_ _6\"/>69<span class=\"_ _156\"> </span><span class=\"ls128 ws18d\"> 52,4<span class=\"_ _6\"/>66<span class=\"_ _6\"/> </span></span> <span class=\"_ _4\"> </span>-   Short-term bank<span class=\"_ _5\"/> debt<span class=\"_ _2bc\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _c\"> </span>-   </span>Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _2bd\"> </span> 3<span class=\"_ _6\"/>3<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>4<span class=\"_ _7\"/>8<span class=\"_ _7\"/> <span class=\"_ _7d\"> </span> 3<span class=\"_ _6\"/>3<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>4<span class=\"_ _7\"/>8<span class=\"_ _7\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _2be\"> </span>1,643,0<span class=\"_ _6\"/>56<span class=\"_ _193\"> </span>486,286<span class=\"_ _5\"/> <span class=\"_ _1b7\"> </span>9<span class=\"_ _7\"/>6<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,76<span class=\"_ _6\"/>7<span class=\"_ _ff\"> </span><span class=\"lsfb ws134\"> 12<span class=\"_ _6\"/>3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>14<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _160\"> </span><span class=\"ls3e ws132\"> 6<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>57 </span></span>Contr<span class=\"_ _5\"/>actual obligations a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2021 Guarant<span class=\"_ _5\"/>ees on behalf<span class=\"_ _5\"/> of associa<span class=\"_ _5\"/>tes<span class=\"_ _2bf\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> </span> <span class=\"_ _4\"> </span>-    <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> Off balance shee<span class=\"_ _5\"/>t lease commitments<span class=\"_ _2c0\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> </span> <span class=\"_ _4\"> </span>-    <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> For<span class=\"_ _5\"/>eign exchange con<span class=\"_ _5\"/>tracts:Outflow<span class=\"_ _2c1\"> </span> 611<span class=\"_ _6\"/>,<span class=\"_ _7\"/>5<span class=\"_ _6\"/>7<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _102\"> </span> 6<span class=\"_ _6\"/>11,<span class=\"_ _7\"/>5<span class=\"_ _6\"/>7<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _1bd\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Inflow<span class=\"_ _2b6\"> </span><span class=\"ls9d ws1\"> (61<span class=\"_ _5\"/>5,695)<span class=\"_ _109\"> </span> (6<span class=\"_ _b\"/>15,695)<span class=\"_ _5c\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   </span></span>Inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te sw<span class=\"_ _5\"/>aps:Outflow <span class=\"_ _4\"> </span>-    <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e6\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   Inflow <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _7\"/>-    <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   Cross Currency s<span class=\"_ _5\"/>waps:Outflow<span class=\"_ _2c2\"> </span> 41,<span class=\"_ _6\"/>19<span class=\"_ _7\"/>5<span class=\"_ _6\"/> <span class=\"_ _9d\"> </span> 1,0<span class=\"_ _6\"/>22<span class=\"_ _6\"/> <span class=\"_ _2b9\"> </span> 4<span class=\"_ _7\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>17<span class=\"_ _6\"/>3<span class=\"_ _7\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Inflow (42,04<span class=\"_ _6\"/>8)<span class=\"_ _156\"> </span> (1,02<span class=\"_ _5\"/>4)<span class=\"_ _159\"> </span> (41,0<span class=\"_ _5\"/>24) <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> Deferr<span class=\"_ _5\"/>ed consideration<span class=\"_ _2c3\"> </span> 480 <span class=\"_ _1bf\"> </span><span class=\"ls12d ws116\"> 476 <span class=\"_ _6f\"> </span></span> 4 <span class=\"_ _1c9\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Interest<span class=\"_ _2b8\"> </span> 14<span class=\"_ _6\"/>,<span class=\"_ _6\"/>42<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _188\"> </span><span class=\"ls9d ws1\"> 5,025 <span class=\"_ _188\"> </span> 5,4<span class=\"_ _6\"/>63 </span> 3,025 <span class=\"_ _2c4\"> </span><span class=\"lsfb ws134\"> 914<span class=\"_ _6\"/> </span>Lease obliga<span class=\"_ _5\"/>tions<span class=\"_ _2ba\"> </span> 277<span class=\"_ _b\"/>,293 <span class=\"_ _15b\"> </span><span class=\"ls102 ws11a\"> 6<span class=\"_ _7\"/>4,<span class=\"_ _6\"/>191<span class=\"_ _6\"/> <span class=\"_ _163\"> </span><span class=\"ls10e ws111\"> 9<span class=\"_ _6\"/>1<span class=\"_ _6\"/>,<span class=\"_ _6\"/>11<span class=\"_ _7\"/>0<span class=\"_ _6\"/> </span></span> 49,<span class=\"_ _6\"/>972<span class=\"_ _6\"/> <span class=\"_ _15b\"> </span><span class=\"ls110 ws15f\"> 7<span class=\"_ _6\"/>2,020<span class=\"_ _6\"/> </span>Loans and borro<span class=\"_ _5\"/>wings<span class=\"_ _2bb\"> </span> 263<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>42<span class=\"_ _6\"/> <span class=\"_ _157\"> </span><span class=\"lsf9 ws178\"> 7<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _79\"> </span></span> 56<span class=\"_ _6\"/>,06<span class=\"_ _6\"/>3 <span class=\"_ _2b9\"> </span><span class=\"lsec ws112\"> 79,<span class=\"_ _6\"/>393<span class=\"_ _6\"/> </span> 52,46<span class=\"_ _6\"/>6 Short-term bank<span class=\"_ _5\"/> debt<span class=\"_ _2c5\"> </span> 525 <span class=\"_ _233\"> </span> 525<span class=\"_ _6\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _2c6\"> </span> 2<span class=\"_ _6\"/>3<span class=\"_ _7\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>11<span class=\"_ _7\"/> <span class=\"_ _1b7\"> </span> 2<span class=\"_ _6\"/>3<span class=\"_ _7\"/>2<span class=\"_ _6\"/>,<span class=\"_ _7\"/>211<span class=\"_ _7\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _2c7\"> </span> 7<span class=\"_ _5\"/>83<span class=\"_ _5\"/>,000<span class=\"_ _5\"/> <span class=\"_ _53\"> </span> 373,421 <span class=\"_ _53\"> </span> 151,<span class=\"_ _6\"/>78<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _133\"> </span><span class=\"ls118 ws10e\"> 13<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>9<span class=\"_ _7\"/>0<span class=\"_ _6\"/> <span class=\"_ _52\"> </span><span class=\"lsfb ws134\"> 12<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _7\"/>0<span class=\"_ _6\"/>0<span class=\"_ _7\"/> </span></span>(C) Market<span class=\"_ _5\"/> risks Marke<span class=\"_ _5\"/>t risk includes curr<span class=\"_ _5\"/>ency risk (C1<span class=\"_ _b\"/>) and interes<span class=\"_ _5\"/>t ra<span class=\"_ _5\"/>te risk<span class=\"_ _5\"/> (C2) and comprises <span class=\"_ _5\"/>the risk tha<span class=\"_ _b\"/>t changes in marke<span class=\"_ _5\"/>t prices,<span class=\"_ _b\"/> such as f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>es and int<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es will aff<span class=\"_ _5\"/>ect Arca<span class=\"_ _5\"/>dis\u2019<span class=\"_ _b\"/> income or the <span class=\"_ _5\"/>value o<span class=\"_ _b\"/>f its holdings o<span class=\"_ _5\"/>f financial instrumen<span class=\"_ _5\"/>ts.<span class=\"_ _b\"/> The objective of mark<span class=\"_ _b\"/>et risk managemen<span class=\"_ _5\"/>t is t<span class=\"_ _5\"/>o manage and con<span class=\"_ _5\"/>trol marke<span class=\"_ _5\"/>t risk exposur<span class=\"_ _5\"/>es within acc<span class=\"_ _5\"/>eptable par<span class=\"_ _5\"/>ameters se<span class=\"_ _5\"/>t by<span class=\"_ _5\"/> the Group T<span class=\"_ _0\"/>reasur<span class=\"_ _6\"/>y policy<span class=\"_ _b\"/>.(C1<span class=\"_ _b\"/>) Currency risk The ke<span class=\"_ _5\"/>y objective of<span class=\"_ _5\"/> the Group <span class=\"_ _5\"/>foreign e<span class=\"_ _5\"/>xchange tr<span class=\"_ _5\"/>ansaction exposure managemen<span class=\"_ _5\"/>t is aimed at<span class=\"_ _5\"/> the active management<span class=\"_ _5\"/> of <span class=\"_ _5\"/>for<span class=\"_ _5\"/>eign exchange e<span class=\"_ _5\"/>xposures by Gr<span class=\"_ _5\"/>oup T<span class=\"_ _b\"/>reasury to r<span class=\"_ _5\"/>educe and limit <span class=\"_ _5\"/>the adverse eff<span class=\"_ _5\"/>ects of ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>e changes on the Group<span class=\"_ _b\"/>\u2019s profitability<span class=\"_ _b\"/>.T<span class=\"_ _b\"/>rade and financing tr<span class=\"_ _5\"/>ansactions in non-functional currencies The subsidiaries of<span class=\"_ _5\"/> Arcadis mainl<span class=\"_ _b\"/>y opera<span class=\"_ _5\"/>te in loca<span class=\"_ _5\"/>l markets,<span class=\"_ _0\"/> and as such both sales in<span class=\"_ _5\"/>voices and purchase invoic<span class=\"_ _5\"/>es are mainl<span class=\"_ _5\"/>y denominat<span class=\"_ _5\"/>ed in local curr<span class=\"_ _5\"/>encies.<span class=\"_ _b\"/> In some instances,<span class=\"_ _b\"/> however<span class=\"_ _0\"/>,<span class=\"_ _b\"/> invoices ar<span class=\"_ _5\"/>e in the functional currency o<span class=\"_ _5\"/>f the c<span class=\"_ _5\"/>ounterparty<span class=\"_ _b\"/>,<span class=\"_ _5\"/> which resul<span class=\"_ _b\"/>ts in a currency exposure <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the subsidiar<span class=\"_ _6\"/>y<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The exposur<span class=\"_ _5\"/>e to <span class=\"_ _5\"/>foreign ex<span class=\"_ _5\"/>change risk on sales and c<span class=\"_ _5\"/>osts denominat<span class=\"_ _5\"/>ed in another<span class=\"_ _5\"/> currency than <span class=\"_ _5\"/>the respective functional currencies of<span class=\"_ _5\"/> the subsidiaries is v<span class=\"_ _5\"/>er<span class=\"_ _6\"/>y limit<span class=\"_ _5\"/>ed.<span class=\"_ _5\"/> Onl<span class=\"_ _5\"/>y in limited cases,<span class=\"_ _0\"/> e.g.<span class=\"_ _6\"/>,<span class=\"_ _5\"/> f<span class=\"_ _5\"/>or mat<span class=\"_ _5\"/>erial tr<span class=\"_ _5\"/>ansactions,<span class=\"_ _b\"/> the subsidiaries of Arcadis en<span class=\"_ _5\"/>ter in<span class=\"_ _5\"/>to f<span class=\"_ _b\"/>or<span class=\"_ _6\"/>ward f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change contra<span class=\"_ _5\"/>cts with Group T<span class=\"_ _0\"/>reasur<span class=\"_ _6\"/>y in order<span class=\"_ _5\"/> to hedge <span class=\"_ _5\"/>these transaction risks.Borrowings ar<span class=\"_ _5\"/>e denominat<span class=\"_ _5\"/>ed in currencies tha<span class=\"_ _5\"/>t partly<span class=\"_ _5\"/> mat<span class=\"_ _5\"/>ch the cash flow<span class=\"_ _5\"/>s generat<span class=\"_ _5\"/>ed by <span class=\"_ _5\"/>the underl<span class=\"_ _5\"/>ying<span class=\"_ _6\"/> opera<span class=\"_ _5\"/>tions of <span class=\"_ _5\"/>the Group,<span class=\"_ _0\"/> primarily Eur<span class=\"_ _5\"/>o and US dollar<span class=\"_ _0\"/>.Arcadis gr<span class=\"_ _5\"/>oup companies can hav<span class=\"_ _5\"/>e positions in for<span class=\"_ _5\"/>eign currencies which are diff<span class=\"_ _5\"/>erent<span class=\"_ _5\"/> than their r<span class=\"_ _5\"/>espective functional currencies.<span class=\"_ _b\"/> For<span class=\"_ _5\"/> the main currencies <span class=\"_ _5\"/>the fol<span class=\"_ _5\"/>lowing positions per curr<span class=\"_ _5\"/>ency (transla<span class=\"_ _5\"/>ted in euros) ar<span class=\"_ _5\"/>e<span class=\"_ _6\"/> the cumulativ<span class=\"_ _5\"/>e gross exposures o<span class=\"_ _5\"/>f non-functional curr<span class=\"_ _5\"/>encies of<span class=\"_ _5\"/> all Ar<span class=\"_ _5\"/>cadis group companies c<span class=\"_ _5\"/>ombined.In \u20ac thousands<span class=\"_ _142\"> </span>in EUR<span class=\"_ _b0\"> </span>in USD<span class=\"_ _19d\"> </span>in GBP<span class=\"_ _ba\"> </span>in CNY<span class=\"_ _9e\"> </span>in BRL<span class=\"_ _ae\"> </span><span class=\"ws3c\">in AED<span class=\"_ _b0\"> </span></span>in CAD<span class=\"_ _68\"> </span><span class=\"ws3c\">in AUD</span>At<span class=\"_ _5\"/> 31 December 2022 T<span class=\"_ _b\"/>rade receivables<span class=\"_ _2e\"> </span> 4,722 <span class=\"_ _62\"> </span> 2<span class=\"_ _7\"/>9,<span class=\"_ _6\"/>513<span class=\"_ _7\"/> <span class=\"_ _20c\"> </span> 24,504 <span class=\"_ _20c\"> </span> 3<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,335<span class=\"_ _6\"/> <span class=\"_ _62\"> </span> 2<span class=\"_ _5\"/>1,229 <span class=\"_ _b0\"> </span> 5<span class=\"_ _5\"/>,000<span class=\"_ _5\"/> <span class=\"_ _ba\"> </span><span class=\"ls9d ws1\"> 4<span class=\"_ _6\"/>,983<span class=\"_ _6\"/> <span class=\"_ _ba\"> </span> 4,20<span class=\"_ _6\"/>0 </span>Cash and cash equivalen<span class=\"_ _5\"/>ts<span class=\"_ _57\"> </span> 3,<span class=\"_ _b\"/>080 <span class=\"_ _cf\"> </span> 13<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _7\"/>5<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _9e\"> </span> 2<span class=\"_ _7\"/>,<span class=\"_ _6\"/>111<span class=\"_ _7\"/> <span class=\"_ _50\"> </span> 592 <span class=\"_ _d6\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _a9\"> </span> 205 <span class=\"_ _19d\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>59<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _ba\"> </span> 1,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>4<span class=\"_ _7\"/>4 </span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _26\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _b0\"> </span> 71,75<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _201\"> </span><span class=\"lsed ws163\"> 11<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>3<span class=\"_ _7\"/>5<span class=\"_ _6\"/>6<span class=\"_ _7\"/> <span class=\"_ _dd\"> </span></span><span class=\"ws1\"> (8,523)<span class=\"_ _13a\"> </span> (2,539)<span class=\"_ _2c8\"> </span> (15,098)<span class=\"_ _14b\"> </span> (75,4<span class=\"_ _6\"/>03)<span class=\"_ _ce\"> </span><span class=\"lsf6 ws10f\"> 89,<span class=\"_ _6\"/>865<span class=\"_ _6\"/> </span></span>Loans and borro<span class=\"_ _5\"/>wings<span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _2c9\"> </span></span> (70,281<span class=\"_ _b\"/>)<span class=\"_ _200\"> </span> (1<span class=\"_ _b\"/>16,89<span class=\"_ _6\"/>0)<span class=\"_ _db\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _d9\"> </span> (<span class=\"_ _7\"/>6<span class=\"_ _6\"/>74<span class=\"_ _6\"/>)<span class=\"_ _2c9\"> </span> 11,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>5<span class=\"_ _7\"/>3<span class=\"_ _6\"/> <span class=\"_ _cf\"> </span><span class=\"lsf2 ws148\"> 75<span class=\"_ _6\"/>,3<span class=\"_ _6\"/>82<span class=\"_ _6\"/> <span class=\"_ _14b\"> </span></span> (93,6<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _d1\"> </span> (5,8<span class=\"_ _6\"/>01)<span class=\"_ _201\"> </span> (24,191<span class=\"_ _b\"/>)<span class=\"_ _6e\"> </span> (26,41<span class=\"_ _5\"/>3)<span class=\"_ _13a\"> </span> (1,189)<span class=\"_ _2c8\"> </span> (18,6<span class=\"_ _6\"/>63)<span class=\"_ _d8\"> </span><span class=\"lsf0 ws15c\"> (<span class=\"_ _6\"/>9<span class=\"_ _6\"/>8<span class=\"_ _6\"/>2)<span class=\"_ _dd\"> </span></span> (3,4<span class=\"_ _5\"/>19)<span class=\"_ _d8\"> </span> (200)Lease liabilities<span class=\"_ _2ca\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   </span>Balance exposur<span class=\"_ _5\"/>e<span class=\"_ _20f\"> </span> 2<span class=\"_ _6\"/>,0<span class=\"_ _7\"/>01 <span class=\"_ _20c\"> </span> 20,647 <span class=\"_ _b6\"> </span> 668 <span class=\"_ _2c9\"> </span> 2<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>21<span class=\"_ _6\"/>5<span class=\"_ _7\"/> <span class=\"_ _d0\"> </span><span class=\"lsf0 ws15c\"> (<span class=\"_ _6\"/>6<span class=\"_ _6\"/>47<span class=\"_ _6\"/>)<span class=\"_ _174\"> </span></span> 778 <span class=\"_ _ae\"> </span><span class=\"ls118 ws10e\"> 3<span class=\"_ _7\"/>,13<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _ae\"> </span><span class=\"ls101 wsac\"> 1,3<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>At<span class=\"_ _5\"/> 31 December 202<span class=\"_ _5\"/>1 T<span class=\"_ _b\"/>rade receivables<span class=\"_ _2e\"> </span> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>031<span class=\"_ _6\"/> <span class=\"_ _62\"> </span> 31,0<span class=\"_ _6\"/>55<span class=\"_ _6\"/> <span class=\"_ _2c9\"> </span> 3<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>1<span class=\"_ _7\"/>8<span class=\"_ _7\"/>9<span class=\"_ _7\"/> <span class=\"_ _20c\"> </span> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>8<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _62\"> </span><span class=\"lsf8 wse9\"> 2<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>416<span class=\"_ _7\"/> <span class=\"_ _ba\"> </span></span> 5,3<span class=\"_ _6\"/>89 <span class=\"_ _19d\"> </span><span class=\"lsf0 ws15c\"> 3,<span class=\"_ _6\"/>921<span class=\"_ _6\"/> <span class=\"_ _ae\"> </span></span> 4,29<span class=\"_ _6\"/>8 Cash and cash equivalen<span class=\"_ _5\"/>ts<span class=\"_ _57\"> </span> 4<span class=\"_ _6\"/>,28<span class=\"_ _6\"/>8 <span class=\"_ _cf\"> </span> 30,10<span class=\"_ _5\"/>1 <span class=\"_ _62\"> </span><span class=\"ls9d ws1\"> 1<span class=\"_ _5\"/>3,425 <span class=\"_ _19d\"> </span> 1,25<span class=\"_ _5\"/>9 <span class=\"_ _d6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _b2\"> </span><span class=\"lsee ws11e\"> 13<span class=\"_ _6\"/>8<span class=\"_ _7\"/> <span class=\"_ _19d\"> </span><span class=\"lsef ws11c\"> 1,8<span class=\"_ _6\"/>16<span class=\"_ _6\"/> <span class=\"_ _ba\"> </span></span></span></span> 3<span class=\"_ _6\"/>,238 </span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _26\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _d0\"> </span> 1,<span class=\"_ _6\"/>75<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _20c\"> </span><span class=\"ls127 ws184\"> 73<span class=\"_ _6\"/>,454<span class=\"_ _6\"/> <span class=\"_ _13a\"> </span></span><span class=\"ws1\"> (5,9<span class=\"_ _6\"/>44)<span class=\"_ _f3\"> </span> (7<span class=\"_ _b\"/>,173<span class=\"_ _5\"/>)<span class=\"_ _201\"> </span> (15,1<span class=\"_ _5\"/>6<span class=\"_ _6\"/>4)<span class=\"_ _62\"> </span> (4,00<span class=\"_ _6\"/>0)<span class=\"_ _62\"> </span><span class=\"lsf5 ws117\"> 70<span class=\"_ _7\"/>,6<span class=\"_ _6\"/>17<span class=\"_ _6\"/> </span></span>Loans and borro<span class=\"_ _5\"/>wings<span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _62\"> </span></span> (25,126)<span class=\"_ _3c\"> </span> (1<span class=\"_ _5\"/>0<span class=\"_ _6\"/>9,956)<span class=\"_ _db\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _b0\"> </span> 10<span class=\"_ _7\"/>,9<span class=\"_ _6\"/>13<span class=\"_ _7\"/> <span class=\"_ _b0\"> </span><span class=\"lsf6 ws10f\"> 2,8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0 <span class=\"_ _201\"> </span></span> (74,80<span class=\"_ _6\"/>6Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _238\"> </span><span class=\"ls10c ws136\"> (<span class=\"_ _6\"/>3<span class=\"_ _6\"/>03)<span class=\"_ _6e\"> </span></span> (16,231<span class=\"_ _5\"/>)<span class=\"_ _2c8\"> </span> (14,34<span class=\"_ _6\"/>4)<span class=\"_ _d7\"> </span> (251<span class=\"_ _b\"/>)<span class=\"_ _6e\"> </span> (1<span class=\"_ _5\"/>3,4<span class=\"_ _6\"/>01<span class=\"_ _5\"/>)<span class=\"_ _d7\"> </span><span class=\"lsf5 ws117\"> (<span class=\"_ _6\"/>17<span class=\"_ _6\"/>3<span class=\"_ _6\"/>)<span class=\"_ _13a\"> </span></span> (2,99<span class=\"_ _6\"/>0)<span class=\"_ _d7\"> </span><span class=\"ls102 ws11a\"> (19<span class=\"_ _6\"/>2)</span>Lease liabilities<span class=\"_ _2cb\"> </span> 1,9<span class=\"_ _6\"/>53<span class=\"_ _6\"/> <span class=\"_ _50\"> </span> 10<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _174\"> </span> 24<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _d6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _48\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _48\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   </span>Balance exposur<span class=\"_ _5\"/>e<span class=\"_ _20f\"> </span> 8<span class=\"_ _6\"/>,96<span class=\"_ _6\"/>9 <span class=\"_ _62\"> </span> 21,6<span class=\"_ _6\"/>61<span class=\"_ _6\"/> <span class=\"_ _c3\"> </span> 14<span class=\"_ _6\"/> <span class=\"_ _62\"> </span> 1<span class=\"_ _5\"/>0,1<span class=\"_ _5\"/>53 <span class=\"_ _d0\"> </span><span class=\"ls102 ws11a\"> (<span class=\"_ _6\"/>15<span class=\"_ _6\"/>8<span class=\"_ _6\"/>)<span class=\"_ _ba\"> </span><span class=\"ls101 wsac\"> 1,<span class=\"_ _6\"/>103<span class=\"_ _6\"/> <span class=\"_ _19d\"> </span><span class=\"lsf0 ws15c\"> 1,5<span class=\"_ _6\"/>47<span class=\"_ _6\"/> <span class=\"_ _ae\"> </span></span></span> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span>The below<span class=\"_ _5\"/> exchange r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es were applied in <span class=\"_ _5\"/>the year<span class=\"_ _0\"/>.2022<span class=\"_ _27a\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>In \u20ac<span class=\"_ _116\"> </span>Average<span class=\"_ _9e\"> </span>Y<span class=\"_ _5\"/>ear-end<span class=\"_ _d7\"> </span><span class=\"fc6 ls10d ws12b\">A<span class=\"_ _5\"/>verag<span class=\"_ _6\"/>e<span class=\"_ _9e\"> </span><span class=\"ls9d wsac\">Y<span class=\"_ _5\"/>ear-end</span></span>US Dollar (USD)<span class=\"_ _189\"> </span> 0<span class=\"_ _6\"/>.95 <span class=\"_ _a6\"> </span> 0<span class=\"_ _6\"/>.93<span class=\"_ _6\"/> <span class=\"_ _4d\"> </span><span class=\"lsb2 ws191\"> 0.85 <span class=\"_ _4d\"> </span></span> 0.8<span class=\"_ _6\"/>8 Pound St<span class=\"_ _5\"/>erling (GBP)<span class=\"_ _216\"> </span> 1<span class=\"_ _6\"/>.<span class=\"_ _6\"/>17<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>13<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span><span class=\"lsef ws11c\"> 1.<span class=\"_ _6\"/>16<span class=\"_ _6\"/> <span class=\"_ _a5\"> </span><span class=\"ls102 ws11a\"> 1.<span class=\"_ _6\"/>19<span class=\"_ _6\"/> </span></span>Australian Dol<span class=\"_ _5\"/>lar (AUD)<span class=\"_ _90\"> </span> 0.66<span class=\"_ _6\"/> <span class=\"_ _4d\"> </span> 0.6<span class=\"_ _6\"/>3 <span class=\"_ _4d\"> </span> 0.6<span class=\"_ _6\"/>4 <span class=\"_ _4d\"> </span> 0.6<span class=\"_ _6\"/>4 Chinese Y<span class=\"_ _b\"/>uan Renminbi (CNY)<span class=\"_ _bb\"> </span><span class=\"lsfb ws134\"> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>14<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span><span class=\"lsee ws11e\"> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>13<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>13<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span></span> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>14<span class=\"_ _6\"/> </span>Canadian Dollar<span class=\"_ _5\"/> (CAD)<span class=\"_ _27e\"> </span><span class=\"ls127 ws164\">0.73<span class=\"_ _db\"> </span></span><span class=\"wsac\">0<span class=\"_ _6\"/>.69<span class=\"_ _db\"> </span>0.67<span class=\"_ _d6\"> </span><span class=\"lsf2 ws10e\">0<span class=\"_ _6\"/>.70</span></span>Brazilian Real (BRL)<span class=\"_ _217\"> </span> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>18<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span> 0.<span class=\"_ _6\"/>18<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span><span class=\"lsef ws11c\"> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>16<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span> 0<span class=\"_ _6\"/>.16<span class=\"_ _6\"/> </span>United <span class=\"_ _5\"/>Arab Emirat<span class=\"_ _5\"/>es Dirham (AED)<span class=\"_ _f7\"> </span><span class=\"ls3e ws132\"> 0.<span class=\"_ _6\"/>26 <span class=\"_ _a6\"> </span></span> 0.25 <span class=\"_ _a6\"> </span> 0.23 <span class=\"_ _a6\"> </span><span class=\"lsf0 ws15c\"> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>24<span class=\"_ _6\"/> </span>Arcadis uses deriv<span class=\"_ _5\"/>ative <span class=\"_ _5\"/>financial instruments in order<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o manage marke<span class=\"_ _5\"/>t risks associat<span class=\"_ _5\"/>ed with changes in for<span class=\"_ _5\"/>eign exchange r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es as well as in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t ra<span class=\"_ _5\"/>tes.<span class=\"_ _b\"/> All <span class=\"_ _5\"/>transactions are carried out in a<span class=\"_ _5\"/>ccordanc<span class=\"_ _5\"/>e with the Gr<span class=\"_ _5\"/>oup T<span class=\"_ _b\"/>reasury policy<span class=\"_ _5\"/>.<span class=\"_ _b\"/> The Group seeks t<span class=\"_ _5\"/>o apply<span class=\"_ _5\"/> hedge accoun<span class=\"_ _5\"/>ting where possible <span class=\"_ _5\"/>to mana<span class=\"_ _5\"/>ge vola<span class=\"_ _5\"/>tility in pro<span class=\"_ _5\"/>fit or loss.<span class=\"_ _b\"/> All <span class=\"_ _5\"/>foreign e<span class=\"_ _5\"/>xchange f<span class=\"_ _5\"/>orward transa<span class=\"_ _5\"/>ctions outstanding at<span class=\"_ _5\"/> year-end are due <span class=\"_ _5\"/>to ma<span class=\"_ _5\"/>ture in 2023.Sensitivity anal<span class=\"_ _b\"/>ysis currency risks F<span class=\"_ _5\"/>oreign currency sensitivity ana<span class=\"_ _5\"/>ly<span class=\"_ _5\"/>ses are performed by appl<span class=\"_ _b\"/>ying an expected possible <span class=\"_ _5\"/>volatility<span class=\"_ _5\"/> of a curr<span class=\"_ _5\"/>ency<span class=\"_ _5\"/>,<span class=\"_ _5\"/> assuming all o<span class=\"_ _5\"/>ther v<span class=\"_ _5\"/>ariables,<span class=\"_ _b\"/> in par<span class=\"_ _6\"/>ticular int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> remain constant.<span class=\"_ _0\"/> All monetary assets and liabilities o<span class=\"_ _5\"/>f the Group a<span class=\"_ _5\"/>t year<span class=\"_ _5\"/>-end are reva<span class=\"_ _5\"/>lued,<span class=\"_ _b\"/> which resul<span class=\"_ _5\"/>ts in a hypo<span class=\"_ _5\"/>thetical impact on ne<span class=\"_ _5\"/>t income and equity<span class=\"_ _5\"/> as summarized belo<span class=\"_ _5\"/>w<span class=\"_ _5\"/>.2022<span class=\"_ _27a\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>Impact on Impact on Impact on Impact on In \u20acnet inc<span class=\"_ _5\"/>omeequitynet inc<span class=\"_ _5\"/>omeequity10% change Euro against<span class=\"_ _5\"/> the US Dollar<span class=\"_ _34\"> </span> 6.9 <span class=\"_ _39\"> </span><span class=\"ls143 ws1af\"> 66.8 <span class=\"_ _de\"> </span></span> 6.0 <span class=\"_ _e4\"> </span><span class=\"lsed ws163\"> 5<span class=\"_ _7\"/>7.<span class=\"_ _7\"/>7<span class=\"_ _7\"/> </span>10% change Euro against<span class=\"_ _5\"/> the Pound St<span class=\"_ _5\"/>erling<span class=\"_ _23\"> </span> 3.1 <span class=\"_ _4d\"> </span> 4<span class=\"_ _6\"/>8.9<span class=\"_ _6\"/> <span class=\"_ _de\"> </span> 3.9 <span class=\"_ _a6\"> </span><span class=\"lsf6 ws10f\"> 49.1 </span>10% change Euro against<span class=\"_ _5\"/> the Austr<span class=\"_ _5\"/>alian Dollar<span class=\"_ _269\"> </span> - <span class=\"_ _114\"> </span> 14.<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _49\"> </span><span class=\"lsfc ws11b\"> 1.2<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span><span class=\"lsee ws11e\"> 13<span class=\"_ _6\"/>.<span class=\"_ _7\"/>0<span class=\"_ _6\"/> </span></span>All ma<span class=\"_ _5\"/>terial ba<span class=\"_ _5\"/>lance sheet positions ha<span class=\"_ _5\"/>ve been hedged with <span class=\"_ _5\"/>for<span class=\"_ _5\"/>eign exchange con<span class=\"_ _5\"/>tracts.<span class=\"_ _b\"/> The transla<span class=\"_ _b\"/>tion risk rela<span class=\"_ _5\"/>ting to subsidiaries <span class=\"_ _5\"/>with a functional currency o<span class=\"_ _5\"/>ther <span class=\"_ _5\"/>than the Group reporting currency o<span class=\"_ _5\"/>f Euro are no<span class=\"_ _b\"/>t hedged,<span class=\"_ _b\"/> in accordanc<span class=\"_ _5\"/>e with the Gr<span class=\"_ _5\"/>oup T<span class=\"_ _b\"/>reasury policy<span class=\"_ _5\"/>.(C2<span class=\"_ _5\"/>) Inter<span class=\"_ _5\"/>est r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e risksThe Group manages in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t ra<span class=\"_ _5\"/>te risks by<span class=\"_ _5\"/> financing fixed asse<span class=\"_ _5\"/>ts and par<span class=\"_ _6\"/>t o<span class=\"_ _5\"/>f current<span class=\"_ _5\"/> assets with shar<span class=\"_ _5\"/>eholders\u2019<span class=\"_ _b\"/> equity and long-<span class=\"_ _5\"/>term deb<span class=\"_ _5\"/>t.<span class=\"_ _b\"/> The remainder o<span class=\"_ _5\"/>f curren<span class=\"_ _5\"/>t assets is financed <span class=\"_ _5\"/>with short-term deb<span class=\"_ _b\"/>t including rev<span class=\"_ _5\"/>olving bank<span class=\"_ _5\"/> debt <span class=\"_ _5\"/>with variabl<span class=\"_ _5\"/>e inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>tes.<span class=\"_ _0\"/> Based on the inter<span class=\"_ _5\"/>est risk<span class=\"_ _5\"/> profile<span class=\"_ _5\"/>,<span class=\"_ _b\"/> financial instruments w<span class=\"_ _5\"/>ere outstanding during the <span class=\"_ _5\"/>year <span class=\"_ _5\"/>to co<span class=\"_ _5\"/>ver part o<span class=\"_ _5\"/>f the int<span class=\"_ _b\"/>erest ra<span class=\"_ _5\"/>te risk<span class=\"_ _5\"/> on long-t<span class=\"_ _5\"/>erm borrowings.<span class=\"_ _b\"/> This risk is applicable t<span class=\"_ _b\"/>o long-term deb<span class=\"_ _5\"/>t,<span class=\"_ _b\"/> shor<span class=\"_ _6\"/>t-t<span class=\"_ _5\"/>erm debt<span class=\"_ _5\"/> and bank over<span class=\"_ _5\"/>drafts in the C<span class=\"_ _5\"/>onsolidated ba<span class=\"_ _5\"/>lance sheet amounting t<span class=\"_ _b\"/>o \u20ac970.2 million a<span class=\"_ _5\"/>t <span class=\"_ _5\"/>year-end 2022 (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac263.7 million).<span class=\"_ _0\"/> The increase of<span class=\"_ _5\"/> \u20ac706.5 million is mainl<span class=\"_ _5\"/>y the resul<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f the \u20ac7<span class=\"_ _5\"/>50.0 million bridge loan f<span class=\"_ _5\"/>acility r<span class=\"_ _5\"/>eceived f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>the acquisition of<span class=\"_ _5\"/> IBI Group and DPS Group<span class=\"_ _5\"/>.The Group has \u20ac40.0 million of<span class=\"_ _5\"/> fixed <span class=\"_ _5\"/>to floa<span class=\"_ _5\"/>ting cross currency s<span class=\"_ _5\"/>waps t<span class=\"_ _5\"/>o manage currency risk<span class=\"_ _5\"/> and inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te risk in a<span class=\"_ _5\"/>ccordanc<span class=\"_ _5\"/>e with the Gr<span class=\"_ _5\"/>oup T<span class=\"_ _b\"/>reasury Policy<span class=\"_ _b\"/>.The Group T<span class=\"_ _0\"/>reasur<span class=\"_ _6\"/>y Policy<span class=\"_ _5\"/> stat<span class=\"_ _5\"/>es tha<span class=\"_ _5\"/>t the <span class=\"_ _5\"/>fixed portion of net<span class=\"_ _5\"/> debt<span class=\"_ _5\"/> should be at<span class=\"_ _5\"/> least 40% to pr<span class=\"_ _5\"/>ot<span class=\"_ _5\"/>ect against increases in int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>es as wel<span class=\"_ _5\"/>l as providing some certainty<span class=\"_ _5\"/> on expectations f<span class=\"_ _5\"/>or int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> expense in pro<span class=\"_ _5\"/>fit or loss.<span class=\"_ _b\"/> As of<span class=\"_ _5\"/> December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> this fixed portion of<span class=\"_ _5\"/> 40<span class=\"_ _6\"/>% is not <span class=\"_ _5\"/>the case as a resul<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>floating int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e bridge loan f<span class=\"_ _5\"/>acility<span class=\"_ _b\"/>.<span class=\"_ _5\"/> This t<span class=\"_ _b\"/>opic will be addressed <span class=\"_ _5\"/>when the refinancing pr<span class=\"_ _5\"/>ocess is arranged in 2023.Sensitivity anal<span class=\"_ _b\"/>ysis Inter<span class=\"_ _5\"/>est r<span class=\"_ _5\"/>ate riskInt<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e sensitivity anal<span class=\"_ _b\"/>yses are performed by appl<span class=\"_ _b\"/>ying an expected possible v<span class=\"_ _5\"/>olatility o<span class=\"_ _b\"/>f inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>tes,<span class=\"_ _b\"/> assuming all o<span class=\"_ _5\"/>ther v<span class=\"_ _5\"/>ariables remain cons<span class=\"_ _5\"/>tant.<span class=\"_ _b\"/> All int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/>-bearing liabilities of<span class=\"_ _5\"/> the Group a<span class=\"_ _5\"/>t year<span class=\"_ _5\"/>-end are rev<span class=\"_ _5\"/>alued,<span class=\"_ _b\"/> which resul<span class=\"_ _b\"/>ts in a hypothetica<span class=\"_ _5\"/>l impact on the pre-tax<span class=\"_ _5\"/> profit <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the year<span class=\"_ _5\"/> and equity as summarized below.2022<span class=\"_ _87\"> </span><span class=\"ff2 fc6 lscd wse4\">2021</span>Impact o<span class=\"_ _5\"/>f pre-tax Impact on<span class=\"ls3\"> </span>Impact o<span class=\"_ _5\"/>f pre-tax Impact on<span class=\"ls3\"> </span>In \u20acprofit<span class=\"_ _5\"/> for the yearequityprofit<span class=\"_ _5\"/> for the yearequityT<span class=\"_ _b\"/>en basis-points change to in<span class=\"_ _5\"/>terest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _2cc\"> </span><span class=\"wsac\">0.3<span class=\"_ _18a\"> </span>0.3<span class=\"_ _9b\"> </span>0.1<span class=\"_ _18a\"> </span>0.1</span>Capital risk<span class=\"_ _5\"/> management Arcadis<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> objec<span class=\"_ _6\"/>tives when mana<span class=\"_ _5\"/>ging capital are t<span class=\"_ _5\"/>o saf<span class=\"_ _5\"/>eguard Arca<span class=\"_ _5\"/>dis\u2019<span class=\"_ _b\"/> ability t<span class=\"_ _5\"/>o continue as a going conc<span class=\"_ _5\"/>ern in order <span class=\"_ _5\"/>to pro<span class=\"_ _5\"/>vide returns <span class=\"_ _5\"/>for shar<span class=\"_ _5\"/>eholders and benefits f<span class=\"_ _5\"/>or other<span class=\"_ _5\"/> stak<span class=\"_ _5\"/>eholders and t<span class=\"_ _5\"/>o maintain an optima<span class=\"_ _5\"/>l capital structure <span class=\"_ _5\"/>that op<span class=\"_ _b\"/>timizes its cost o<span class=\"_ _5\"/>f capital and a<span class=\"_ _5\"/>llow<span class=\"_ _5\"/>s for<span class=\"_ _5\"/> sufficient flexibility<span class=\"_ _5\"/> t<span class=\"_ _5\"/>owards <span class=\"_ _5\"/>the execution o<span class=\"_ _5\"/>f Arcadis<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> strat<span class=\"_ _5\"/>egy<span class=\"_ _b\"/>.The Group sets <span class=\"_ _5\"/>the amount o<span class=\"_ _5\"/>f capital in pr<span class=\"_ _5\"/>opor<span class=\"_ _6\"/>tion t<span class=\"_ _5\"/>o its risk appetit<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The Group manages <span class=\"_ _5\"/>the capital structure and mak<span class=\"_ _5\"/>es adjustments <span class=\"_ _5\"/>to it based on changes in ec<span class=\"_ _5\"/>onomic conditions and the risk<span class=\"_ _5\"/> characteris<span class=\"_ _5\"/>tics of<span class=\"_ _5\"/> the underl<span class=\"_ _5\"/>ying assets.<span class=\"_ _b\"/> The capital structure can be a<span class=\"_ _5\"/>lt<span class=\"_ _5\"/>ered by<span class=\"_ _5\"/> adjusting <span class=\"_ _5\"/>the amount o<span class=\"_ _5\"/>f dividends paid t<span class=\"_ _5\"/>o shareholders,<span class=\"_ _0\"/> return capital t<span class=\"_ _5\"/>o shareholders,<span class=\"_ _0\"/> or issue new deb<span class=\"_ _5\"/>t or shar<span class=\"_ _5\"/>es.<span class=\"_ _5\"/> From <span class=\"_ _5\"/>time t<span class=\"_ _5\"/>o time,<span class=\"_ _0\"/> Arcadis purchases its own shar<span class=\"_ _5\"/>es,<span class=\"_ _5\"/> which are used as <span class=\"_ _5\"/>volume hedges <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the trans<span class=\"_ _5\"/>fer o<span class=\"_ _5\"/>f shares under<span class=\"_ _5\"/> Arca<span class=\"_ _5\"/>dis\u2019<span class=\"_ _b\"/> long-term inc<span class=\"_ _5\"/>entive plans and t<span class=\"_ _5\"/>o off-se<span class=\"_ _5\"/>t the dil<span class=\"_ _5\"/>utive effect o<span class=\"_ _b\"/>f scrip dividends.Consist<span class=\"_ _b\"/>ent with the <span class=\"_ _5\"/>financial cov<span class=\"_ _5\"/>enants agreed <span class=\"_ _5\"/>with the banks,<span class=\"_ _b\"/> the Group monit<span class=\"_ _5\"/>ors capital on the basis o<span class=\"_ _5\"/>f the av<span class=\"_ _5\"/>erage Net<span class=\"_ _5\"/> debt <span class=\"_ _5\"/>to EBITD<span class=\"_ _5\"/>A ra<span class=\"_ _5\"/>tio.<span class=\"_ _b\"/> This ra<span class=\"_ _5\"/>tio is calcula<span class=\"_ _5\"/>ted as the a<span class=\"_ _b\"/>verage int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/>-<span class=\"_ _5\"/> bearing debt<span class=\"_ _5\"/> minus cash and cash equival<span class=\"_ _5\"/>ents divided by EBITD<span class=\"_ _5\"/>A<span class=\"_ _6\"/>.<span class=\"_ _b\"/> EBITDA is cal<span class=\"_ _5\"/>culat<span class=\"_ _5\"/>ed as earnings before in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t,<span class=\"_ _b\"/> tax<span class=\"_ _6\"/>,<span class=\"_ _b\"/> depreciation and amortization.<span class=\"_ _5\"/> T<span class=\"_ _b\"/>o obtain a<span class=\"_ _5\"/>ccess t<span class=\"_ _5\"/>o the deb<span class=\"_ _5\"/>t capital mark<span class=\"_ _5\"/>ets,<span class=\"_ _b\"/> the Group ob<span class=\"_ _5\"/>tained an investmen<span class=\"_ _5\"/>t grade cr<span class=\"_ _5\"/>edit ra<span class=\"_ _5\"/>ting of<span class=\"_ _5\"/> BBB-<span class=\"_ _5\"/> (Stable outl<span class=\"_ _5\"/>ook) from S<span class=\"_ _5\"/>tandard &amp; Poor\u2019s.<span class=\"_ _b\"/> The Group and its subsidiaries ar<span class=\"_ _5\"/>e not subject <span class=\"_ _5\"/>to e<span class=\"_ _5\"/>xternal capita<span class=\"_ _5\"/>l<span class=\"_ _6\"/> requiremen<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> other<span class=\"_ _5\"/> than financial c<span class=\"_ _5\"/>ovenants under<span class=\"_ _5\"/> the credit<span class=\"_ _5\"/> documentation o<span class=\"_ _5\"/>f its committ<span class=\"_ _5\"/>ed credit facilities,<span class=\"_ _0\"/> as disclosed in the not<span class=\"_ _5\"/>es t<span class=\"_ _5\"/>o these financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements.During 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> Arcadis\u2019<span class=\"_ _0\"/> strat<span class=\"_ _5\"/>egic goal on financing,<span class=\"_ _b\"/> which w<span class=\"_ _5\"/>as unchanged from 20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>,<span class=\"_ _5\"/> was t<span class=\"_ _b\"/>o maintain a <span class=\"ls3\"> </span>Net deb<span class=\"_ _b\"/>t to EBITD<span class=\"_ _5\"/>A ra<span class=\"_ _5\"/>tio between 1<span class=\"_ _5\"/>.5x<span class=\"_ _5\"/> and 2.5x<span class=\"_ _5\"/> (IFRS 16 based) in or<span class=\"_ _5\"/>der t<span class=\"_ _5\"/>o secure acc<span class=\"_ _5\"/>ess to <span class=\"_ _5\"/>finance at<span class=\"_ _5\"/> a reasonable c<span class=\"_ _5\"/>ost.<span class=\"_ _5\"/> Financial co<span class=\"_ _5\"/>venantsThe financial co<span class=\"_ _5\"/>venant se<span class=\"_ _5\"/>t under <span class=\"_ _5\"/>the contra<span class=\"_ _5\"/>cts of <span class=\"_ _5\"/>the committed cr<span class=\"_ _5\"/>edit fa<span class=\"_ _5\"/>cilities tha<span class=\"_ _5\"/>t are applicable <span class=\"_ _5\"/>to Ar<span class=\"_ _5\"/>cadis includes a T<span class=\"_ _0\"/>otal L<span class=\"_ _5\"/>ever<span class=\"_ _5\"/>age ra<span class=\"_ _5\"/>tio.<span class=\"_ _b\"/> The T<span class=\"_ _0\"/>otal Le<span class=\"_ _5\"/>verage r<span class=\"_ _5\"/>atio f<span class=\"_ _b\"/>or the \u20ac50<span class=\"_ _6\"/>0.0 million Re<span class=\"_ _5\"/>vol<span class=\"_ _5\"/>ving Credit F<span class=\"_ _5\"/>acility and a<span class=\"_ _5\"/>ll the Schuldschein loans has a maximum o<span class=\"_ _5\"/>f 3.5x,<span class=\"_ _b\"/> which is based on IFRS 1<span class=\"_ _5\"/>6.<span class=\"_ _5\"/> These ra<span class=\"_ _5\"/>tios are included in <span class=\"_ _5\"/>the next tabl<span class=\"_ _5\"/>es.In \u20ac millions<span class=\"_ _177\"> </span>Note<span class=\"_ _96\"> </span><span class=\"fs7b fc1 ls3e ws1\">31 December 2022<span class=\"_ _30\"> </span><span class=\"ff2 fc6\">31 December 202<span class=\"_ _5\"/>1</span></span>Long-t<span class=\"_ _5\"/>erm loans and borrowings30<span class=\"_ _80\"> </span><span class=\"fs7b lsfc ws118\">9<span class=\"_ _6\"/>01.<span class=\"_ _6\"/>9<span class=\"_ _133\"> </span><span class=\"lsed ws109\">1<span class=\"_ _7\"/>8<span class=\"_ _6\"/>7.<span class=\"_ _7\"/>5</span></span>Current<span class=\"_ _5\"/> por<span class=\"_ _6\"/>tion of l<span class=\"_ _5\"/>oans and borrowings30<span class=\"_ _193\"> </span><span class=\"fs7b ls9d wsac\">56<span class=\"_ _6\"/>.2<span class=\"_ _66\"> </span><span class=\"ls12d ws14f\">76<span class=\"_ _6\"/>.<span class=\"_ _6\"/>1</span></span>Lease liabilities16<span class=\"_ _80\"> </span><span class=\"fs7b ls2 ws12a\">235<span class=\"_ _6\"/>.9<span class=\"_ _58\"> </span><span class=\"ls9d wsac\">192.5</span></span>Current<span class=\"_ _5\"/> por<span class=\"_ _6\"/>tion of l<span class=\"_ _5\"/>ease liabilities16<span class=\"_ _157\"> </span><span class=\"fs7b lsd2 wse9\">71.<span class=\"_ _6\"/>8<span class=\"_ _66\"> </span><span class=\"ls9d wsac\">6<span class=\"_ _6\"/>2.5</span></span>Bank ov<span class=\"_ _5\"/>erdrafts25<span class=\"_ _66\"> </span><span class=\"fs7b ls10f ws12c\">15<span class=\"_ _6\"/>.<span class=\"_ _6\"/>2<span class=\"_ _13d\"> </span><span class=\"ls9d wsac\">0.1</span></span>T<span class=\"_ _b\"/>otal debt<span class=\"_ _224\"> </span><span class=\"wsac\">1,281<span class=\"_ _5\"/>.0<span class=\"_ _80\"> </span><span class=\"lsfc ws118\">518<span class=\"_ _7\"/>.7</span></span>Less: cash and cash equiva<span class=\"_ _5\"/>lents25<span class=\"_ _19c\"> </span> (272.8)<span class=\"_ _4f\"> </span> (351<span class=\"_ _5\"/>.0)Net deb<span class=\"_ _5\"/>t<span class=\"_ _209\"> </span><span class=\"wsac\">1,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>8.2<span class=\"_ _52\"> </span><span class=\"ls166 ws19a\">1<span class=\"_ _7\"/>6<span class=\"_ _6\"/>7.<span class=\"_ _7\"/>7</span></span>Less: non-current<span class=\"_ _5\"/> por<span class=\"_ _6\"/>tion deferr<span class=\"_ _5\"/>ed consideration6<span class=\"_ _66\"> </span><span class=\"fs7b ls9d\"> (3.1)<span class=\"_ _9b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span></span>Net deb<span class=\"_ _5\"/>t acc<span class=\"_ _5\"/>ording to deb<span class=\"_ _5\"/>t co<span class=\"_ _5\"/>venants<span class=\"_ _21d\"> </span><span class=\"wsac\">1,0<span class=\"_ _6\"/>05<span class=\"_ _6\"/>.1<span class=\"_ _52\"> </span><span class=\"ls166 ws19a\">1<span class=\"_ _6\"/>6<span class=\"_ _7\"/>7.<span class=\"_ _6\"/>7</span></span>1EBITDA a<span class=\"_ _5\"/>ccording t<span class=\"_ _5\"/>o debt<span class=\"_ _5\"/> covenants412<span class=\"_ _6\"/>.<span class=\"_ _6\"/>3<span class=\"_ _80\"> </span><span class=\"ls9d wsac\">342<span class=\"_ _6\"/>.7</span>1 EBITDA adjus<span class=\"_ _5\"/>ted for<span class=\"_ _5\"/> share-based compensation and acquisition e<span class=\"_ _5\"/>ffects, in a<span class=\"_ _5\"/>ccordance <span class=\"_ _5\"/>with debt cov<span class=\"_ _5\"/>enants.<span class=\"_ _5\"/> Non-GA<span class=\"_ _6\"/>AP performance measure<span class=\"_ _5\"/>, <span class=\"_ _5\"/>to provide transparency on the underl<span class=\"_ _b\"/>ying per<span class=\"_ _6\"/>formance of<span class=\"_ _5\"/> our business (ref<span class=\"_ _5\"/>erence is made t<span class=\"_ _5\"/>o the Glossary Non-financial &amp; Financial indica<span class=\"_ _5\"/>tors on page 286 for <span class=\"ls34 ws1\">the definition as </span>used by Arcadis)<span class=\"fs13a ls3 ws1b0\">  </span>RatiosIn \u20ac<span class=\"_ _1ca\"> </span><span class=\"ff1 fs7b fc1 ls3e\">2022 (IFRS 16)<span class=\"_ _d8\"> </span><span class=\"ff2 fc6\">2021 (IFRS 16)</span></span>Net deb<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o EBITDA ra<span class=\"_ _5\"/>tio accor<span class=\"_ _5\"/>ding to deb<span class=\"_ _5\"/>t cov<span class=\"_ _5\"/>enants (at a<span class=\"_ _5\"/>verage ne<span class=\"_ _5\"/>t debt,<span class=\"_ _b\"/> T<span class=\"_ _b\"/>otal Le<span class=\"_ _5\"/>verage Ratio)<span class=\"_ _2cd\"> </span><span class=\"lsfc ws11b\"> 1.6<span class=\"_ _6\"/> <span class=\"_ _160\"> </span></span><span class=\"ws1\"> 0.8 </span>The ra<span class=\"_ _5\"/>tio as disclosed above is ca<span class=\"_ _5\"/>lculat<span class=\"_ _5\"/>ed based on the definitions as agr<span class=\"_ _5\"/>eed with and aligned betw<span class=\"_ _5\"/>een the differen<span class=\"_ _5\"/>t providers o<span class=\"_ _5\"/>f committ<span class=\"_ _b\"/>ed credit fa<span class=\"_ _5\"/>cilities.<span class=\"_ _b\"/> The calcula<span class=\"_ _5\"/>tion of <span class=\"_ _5\"/>the aver<span class=\"_ _5\"/>age Net<span class=\"_ _5\"/> debt <span class=\"_ _5\"/>to EBITDA<span class=\"_ _5\"/> ra<span class=\"_ _5\"/>tio is based on the a<span class=\"_ _5\"/>verage ne<span class=\"_ _5\"/>t debt<span class=\"_ _5\"/> of<span class=\"_ _5\"/> Q2 and Q4.<span class=\"_ _5\"/> Throughout<span class=\"_ _5\"/> 2022,<span class=\"_ _0\"/> Arcadis c<span class=\"_ _5\"/>omplied with all <span class=\"_ _5\"/>financial and non-financial cov<span class=\"_ _5\"/>enants.Going concern assump<span class=\"_ _b\"/>tionManagement<span class=\"_ _5\"/> has assessed the going concern assump<span class=\"_ _b\"/>tion and exercised significant<span class=\"_ _5\"/> judgment in making reasonable es<span class=\"_ _5\"/>timat<span class=\"_ _5\"/>es.<span class=\"_ _5\"/> Based on the la<span class=\"_ _5\"/>test<span class=\"_ _5\"/> availabl<span class=\"_ _5\"/>e financial (cash flo<span class=\"_ _5\"/>w) for<span class=\"_ _5\"/>ecasts and sensitivity ana<span class=\"_ _5\"/>lysis performed,<span class=\"_ _b\"/> management c<span class=\"_ _5\"/>oncluded tha<span class=\"_ _5\"/>t there is no ma<span class=\"_ _b\"/>terial uncertainty r<span class=\"_ _5\"/>elat<span class=\"_ _5\"/>ed to e<span class=\"_ _5\"/>vents and conditions that<span class=\"_ _5\"/> may cas<span class=\"_ _5\"/>t significant doub<span class=\"_ _5\"/>t on <span class=\"_ _5\"/>the Group ability t<span class=\"_ _b\"/>o continue as a going concern.Fair valueThe fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lues of<span class=\"_ _5\"/> financial assets and liabilities <span class=\"_ _5\"/>together<span class=\"_ _5\"/> with the carrying amounts recogniz<span class=\"_ _5\"/>ed in the Consolida<span class=\"_ _5\"/>ted balanc<span class=\"_ _5\"/>e sheet,<span class=\"_ _b\"/> are as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:Carrying value per<span class=\"_ _5\"/> IFRS 9 category Fair valueOut o<span class=\"_ _5\"/>fFair valuethrough OtherCarryingScope <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Amortizedthroughcomprehensive Fair <span class=\"_ _1\"/><span class=\"ls3 ws1\"> </span>In \u20ac thousandsamountIFRS 7costProfit<span class=\"_ _5\"/> or Lossincome<span class=\"_ _23b\"> </span><span class=\"ff1 ls163 ws193\">To<span class=\"_ _7\"/>t<span class=\"_ _6\"/>a<span class=\"_ _7\"/>l</span>valueAt<span class=\"_ _5\"/> 31 December 2022 Investmen<span class=\"_ _5\"/>ts in associates and join<span class=\"_ _5\"/>t ven<span class=\"_ _5\"/>tures<span class=\"_ _a7\"> </span> 11<span class=\"_ _6\"/>,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>3<span class=\"_ _6\"/>3<span class=\"_ _7\"/> <span class=\"_ _157\"> </span>11<span class=\"_ _6\"/>,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>3<span class=\"_ _6\"/>3<span class=\"_ _5c\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   </span>Other inv<span class=\"_ _5\"/>estments<span class=\"_ _1be\"> </span><span class=\"ls152 ws17e\"> 3,609 <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _16a\"> </span></span> 3,609 <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _13d\"> </span></span> 3,609 <span class=\"_ _2b9\"> </span> 3,<span class=\"_ _5\"/>609 </span>Other non-current<span class=\"_ _5\"/> assets<span class=\"_ _29b\"> </span><span class=\"wsac\">2<span class=\"_ _6\"/>0,88<span class=\"_ _6\"/>9<span class=\"_ _1c1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _163\"> </span></span>20,889<span class=\"_ _1c1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _163\"> </span></span>20,88<span class=\"_ _6\"/>9<span class=\"_ _160\"> </span>20<span class=\"_ _6\"/>,88<span class=\"_ _6\"/>9</span>(Un)billed rec<span class=\"_ _5\"/>eivables:T<span class=\"_ _b\"/>rade receivables<span class=\"_ _7a\"> </span><span class=\"lsed ws163\"> 7<span class=\"_ _6\"/>4<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>3<span class=\"_ _7\"/>9<span class=\"_ _6\"/>2<span class=\"_ _7\"> </span> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1b7\"> </span></span> 7<span class=\"_ _6\"/>4<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>3<span class=\"_ _7\"/>9<span class=\"_ _6\"/>2<span class=\"_ _7\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _102\"> </span></span> 74<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>3<span class=\"_ _7\"/>9<span class=\"_ _7\"/>2<span class=\"_ _7\"/> <span class=\"_ _83\"> </span> 74<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>3<span class=\"_ _6\"/>9<span class=\"_ _7\"/>2<span class=\"_ _7\"/> </span>Contr<span class=\"_ _5\"/>act assets (unbilled r<span class=\"_ _5\"/>eceivables)<span class=\"_ _1f9\"> </span><span class=\"ls6f ws13a\"> 64<span class=\"_ _7\"/>4,8<span class=\"_ _6\"/>59<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _58\"> </span></span> 6<span class=\"_ _7\"/>44<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>59<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _58\"> </span></span> 6<span class=\"_ _7\"/>44<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>59<span class=\"_ _6\"/> <span class=\"_ _3b\"> </span> 6<span class=\"_ _7\"/>44<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>59<span class=\"_ _6\"/> </span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _2ce\"> </span><span class=\"ls10f ws129\"> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>4<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _2b9\"> </span></span> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>81<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _42\"> </span><span class=\"lsf9 ws178\"> 12<span class=\"_ _6\"/>9<span class=\"_ _7\"/> <span class=\"_ _1b7\"> </span></span> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>4<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _102\"> </span> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>43<span class=\"_ _6\"/> </span>Cash and cash equivalen<span class=\"_ _5\"/>ts<span class=\"_ _2cf\"> </span><span class=\"lsf2 ws148\"> 272,<span class=\"_ _6\"/>75<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _133\"> </span></span> 272,<span class=\"_ _6\"/>75<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _53\"> </span></span> 272,75<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _101\"> </span> 272,<span class=\"_ _6\"/>754<span class=\"_ _6\"/> </span>T<span class=\"_ _b\"/>otal Financial assets<span class=\"_ _1db\"> </span> 1,71<span class=\"_ _5\"/>7<span class=\"_ _5\"/>,059<span class=\"_ _6\"/> <span class=\"_ _102\"> </span><span class=\"lsfd ws114\"> 11<span class=\"_ _6\"/>,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>3<span class=\"_ _6\"/>3<span class=\"_ _7\"/> <span class=\"_ _223\"> </span></span> 1,68<span class=\"_ _6\"/>5,8<span class=\"_ _6\"/>94<span class=\"_ _6\"/> <span class=\"_ _1b7\"> </span> 19,423 <span class=\"_ _42\"> </span><span class=\"lsfb ws134\"> 12<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _76\"> </span></span> 1,705,4<span class=\"_ _6\"/>4<span class=\"_ _6\"/>6 <span class=\"_ _76\"> </span> 1,705,4<span class=\"_ _6\"/>46<span class=\"_ _6\"/> Loans and borro<span class=\"_ _5\"/>wings:Non-current<span class=\"_ _2d0\"> </span><span class=\"lsef ws10b\">9<span class=\"_ _6\"/>01,<span class=\"_ _6\"/>93<span class=\"_ _6\"/>5<span class=\"_ _1c1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _159\"> </span></span>9<span class=\"_ _6\"/>01,<span class=\"_ _6\"/>93<span class=\"_ _6\"/>5<span class=\"_ _1c1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _8b\"> </span></span>9<span class=\"_ _7\"/>01,9<span class=\"_ _6\"/>35<span class=\"_ _7d\"> </span><span class=\"lsd2 wse9\">8<span class=\"_ _6\"/>95<span class=\"_ _6\"/>,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>71</span></span>Current<span class=\"_ _2d1\"> </span><span class=\"ls48 ws132\">56,230<span class=\"_ _1c1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _163\"> </span></span>56,230<span class=\"_ _6f\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _163\"> </span></span>56,230<span class=\"_ _15b\"> </span>56<span class=\"_ _6\"/>,238 </span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _2d2\"> </span><span class=\"lsef ws11c\"> 21,9<span class=\"_ _7\"/>0<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _160\"> </span></span> 21,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>0<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _160\"> </span></span> 21,9<span class=\"_ _7\"/>0<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _1b7\"> </span> 21,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>0<span class=\"_ _7\"/>4 </span>Contr<span class=\"_ _5\"/>act liabilities (billing in ex<span class=\"_ _5\"/>cess of r<span class=\"_ _5\"/>evenue)<span class=\"_ _1d0\"> </span><span class=\"lsef ws11c\"> 481,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>72<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _133\"> </span></span> 4<span class=\"_ _6\"/>81,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>72<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _133\"> </span></span> 4<span class=\"_ _7\"/>81,8<span class=\"_ _6\"/>7<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _161\"> </span> 4<span class=\"_ _6\"/>81,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>72<span class=\"_ _6\"/> </span>Provision <span class=\"_ _5\"/>for onerous c<span class=\"_ _5\"/>ontracts (loss pro<span class=\"_ _5\"/>visions)<span class=\"_ _240\"> </span><span class=\"lsf0 ws15c\"> 24<span class=\"_ _6\"/>,2<span class=\"_ _6\"/>28<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _160\"> </span></span> 24<span class=\"_ _6\"/>,<span class=\"_ _6\"/>22<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _15b\"> </span></span> 24<span class=\"_ _6\"/>,2<span class=\"_ _6\"/>28<span class=\"_ _6\"/> <span class=\"_ _102\"> </span> 24<span class=\"_ _6\"/>,2<span class=\"_ _6\"/>28<span class=\"_ _6\"/> </span>Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _2d3\"> </span><span class=\"lsed ws109\">3<span class=\"_ _6\"/>3<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>4<span class=\"_ _7\"/>8<span class=\"_ _7\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _159\"> </span></span>3<span class=\"_ _7\"/>3<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>4<span class=\"_ _7\"> </span>8<span class=\"_ _4\"> </span> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _8b\"> </span></span>3<span class=\"_ _7\"/>3<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>4<span class=\"_ _7\"> </span>8<span class=\"_ _4\"> </span> <span class=\"_ _80\"> </span>3<span class=\"_ _6\"/>3<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>8<span class=\"_ _4\"> </span>4<span class=\"_ _7\"/>8<span class=\"_ _7\"/> </span>Lease liabilities<span class=\"_ _2d4\"> </span><span class=\"lsef ws11c\"> 23<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,9<span class=\"_ _6\"/>47<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _133\"> </span></span> 23<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,9<span class=\"_ _6\"/>47<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _52\"> </span></span> 2<span class=\"_ _6\"/>3<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,9<span class=\"_ _6\"/>47<span class=\"_ _6\"/> <span class=\"_ _161\"> </span> 2<span class=\"_ _6\"/>35<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>47<span class=\"_ _6\"/> </span>Deferr<span class=\"_ _5\"/>ed consideration<span class=\"_ _1d6\"> </span><span class=\"ls3 ws137\"> 5,309 <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _176\"> </span></span> 5,309 <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _13d\"> </span></span> 5,309 <span class=\"_ _79\"> </span> 5,309 </span>Bank ov<span class=\"_ _5\"/>erdrafts and short-term bank<span class=\"_ _5\"/> debts<span class=\"_ _116\"> </span><span class=\"ls10f ws129\"> 15,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>6<span class=\"_ _7\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _2b9\"> </span></span> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _2b9\"> </span></span> 15<span class=\"_ _6\"/>,15<span class=\"_ _6\"/>6<span class=\"_ _7\"/> <span class=\"_ _102\"> </span> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span>T<span class=\"_ _b\"/>otal Financial liabilities<span class=\"_ _20a\"> </span><span class=\"wsac\">2<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>80<span class=\"_ _6\"/>,429<span class=\"_ _1c1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _149\"> </span></span>2<span class=\"_ _6\"/>,053,216 <span class=\"_ _159\"> </span><span class=\"ls147 ws172\"> 2<span class=\"_ _6\"/>7,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>13<span class=\"_ _7\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _3a\"> </span></span></span>2,0<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0,429 <span class=\"_ _4f\"> </span>2<span class=\"_ _6\"/>,07<span class=\"_ _5\"/>4<span class=\"_ _6\"/>,1<span class=\"_ _5\"/>73</span>F<span class=\"_ _5\"/>air val<span class=\"_ _5\"/>ue hierarchyThe financial instrumen<span class=\"_ _5\"/>ts carried at <span class=\"_ _5\"/>fair <span class=\"_ _5\"/>value ar<span class=\"_ _5\"/>e anal<span class=\"_ _5\"/>yzed by <span class=\"_ _5\"/>val<span class=\"_ _5\"/>uation method,<span class=\"_ _0\"/> using the fol<span class=\"_ _5\"/>lowing le<span class=\"_ _5\"/>vels: \u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Lev<span class=\"_ _5\"/>el 1<span class=\"_ _5\"/>: quot<span class=\"_ _5\"/>ed prices (unadjust<span class=\"_ _5\"/>ed) in active mark<span class=\"_ _5\"/>ets f<span class=\"_ _5\"/>or identical asse<span class=\"_ _5\"/>ts or liabilities; </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Lev<span class=\"_ _5\"/>el 2: inputs other<span class=\"_ _5\"/> than quo<span class=\"_ _5\"/>ted prices incl<span class=\"_ _5\"/>uded within Lev<span class=\"_ _5\"/>el 1 tha<span class=\"_ _5\"/>t are observable f<span class=\"_ _b\"/>or the asset or<span class=\"_ _5\"/> </span>liability<span class=\"_ _b\"/>,<span class=\"_ _5\"/> either directl<span class=\"_ _5\"/>y (i.<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> as prices) or indirectl<span class=\"_ _5\"/>y (i.e<span class=\"_ _5\"/>.<span class=\"_ _b\"/> derived from prices); and\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Lev<span class=\"_ _5\"/>el 3: inputs f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>the assets or liability <span class=\"_ _5\"/>that<span class=\"_ _5\"/> are not<span class=\"_ _5\"/> based on obser<span class=\"_ _6\"/>vable mark<span class=\"_ _5\"/>et da<span class=\"_ _5\"/>ta (unobservable </span>inputs).All financial ins<span class=\"_ _5\"/>truments carried at<span class=\"_ _5\"/> fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue within the Gr<span class=\"_ _5\"/>oup are cat<span class=\"_ _5\"/>egorized in Le<span class=\"_ _5\"/>vel 2,<span class=\"_ _b\"/> exc<span class=\"_ _5\"/>ept<span class=\"_ _5\"/> for<span class=\"_ _5\"/> the other<span class=\"_ _5\"/> investmen<span class=\"_ _5\"/>t in T<span class=\"_ _0\"/>echstars and the def<span class=\"_ _5\"/>erred consider<span class=\"_ _5\"/>ation wher<span class=\"_ _5\"/>eby a L<span class=\"_ _5\"/>evel 3 v<span class=\"_ _5\"/>alua<span class=\"_ _5\"/>tion has been used (see not<span class=\"_ _5\"/>e 1<span class=\"_ _5\"/>8).<span class=\"_ _b\"/> The fair v<span class=\"_ _5\"/>alue o<span class=\"_ _5\"/>f f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change f<span class=\"_ _5\"/>or<span class=\"_ _6\"/>ward ra<span class=\"_ _b\"/>te contra<span class=\"_ _5\"/>cts is based on quoted mark<span class=\"_ _b\"/>et prices a<span class=\"_ _5\"/>t the balanc<span class=\"_ _5\"/>e sheet da<span class=\"_ _b\"/>te,<span class=\"_ _b\"/> being the present<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> the quot<span class=\"_ _b\"/>ed forward price<span class=\"_ _5\"/>.<span class=\"_ _b\"/> Those quot<span class=\"_ _5\"/>es are t<span class=\"_ _5\"/>ested <span class=\"_ _5\"/>for<span class=\"_ _5\"/> reasonableness by<span class=\"_ _5\"/> discoun<span class=\"_ _5\"/>ting estimat<span class=\"_ _5\"/>ed future cash <span class=\"_ _5\"/>flows based on <span class=\"_ _5\"/>the term and ma<span class=\"_ _5\"/>turity o<span class=\"_ _5\"/>f the c<span class=\"_ _5\"/>ontract,<span class=\"_ _b\"/> using market<span class=\"_ _5\"/> int<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es.Carrying value per<span class=\"_ _5\"/> IFRS 9 category Fair valueFair valuethrough OtherCarryingOut o<span class=\"_ _5\"/>fAmortizedthroughcomprehensive In \u20ac thousandsamountScope IFRS 7costProfit<span class=\"_ _5\"/> or Lossincome<span class=\"_ _9a\"> </span><span class=\"ls112 ws12e\">To<span class=\"_ _7\"/>t<span class=\"_ _6\"/>a<span class=\"_ _7\"/>l<span class=\"_ _4c\"> </span><span class=\"ls10d ws16e\">Fair value</span></span>At<span class=\"_ _5\"/> 31 December 202<span class=\"_ _5\"/>1 Investmen<span class=\"_ _5\"/>ts in associates and join<span class=\"_ _5\"/>t ven<span class=\"_ _5\"/>tures<span class=\"_ _2d5\"> </span> 18<span class=\"_ _6\"/>,8<span class=\"_ _7\"/>43<span class=\"_ _6\"/> <span class=\"_ _1b7\"> </span> 18<span class=\"_ _6\"/>,8<span class=\"_ _7\"/>43<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _14d\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _6f\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   </span>Other inv<span class=\"_ _5\"/>estments<span class=\"_ _2cd\"> </span><span class=\"ls10f ws129\"> 2<span class=\"_ _6\"/>,15<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _176\"> </span></span> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _188\"> </span></span> 2,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _156\"> </span> 2,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>2<span class=\"_ _6\"/> </span>Other non-current<span class=\"_ _5\"/> assets<span class=\"_ _1db\"> </span><span class=\"lsfb ws134\"> 2<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>214<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _15b\"> </span></span> 2<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>214<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _2b9\"> </span></span> 2<span class=\"_ _6\"/>2,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>14<span class=\"_ _6\"/> <span class=\"_ _8b\"> </span> 22<span class=\"_ _6\"/>,<span class=\"_ _6\"/>214<span class=\"_ _7\"/> </span>(Un)billed rec<span class=\"_ _5\"/>eivables:T<span class=\"_ _b\"/>rade receivables<span class=\"_ _1e0\"> </span><span class=\"lsef ws11c\"> 5<span class=\"_ _6\"/>21,<span class=\"_ _6\"/>85<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _133\"> </span></span> 5<span class=\"_ _6\"/>21,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>55<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _53\"> </span></span> 521,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>55<span class=\"_ _6\"/> <span class=\"_ _101\"> </span> 5<span class=\"_ _6\"/>21,8<span class=\"_ _6\"/>5<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span>Contr<span class=\"_ _5\"/>act assets (unbilled r<span class=\"_ _5\"/>eceivables)<span class=\"_ _1f9\"> </span><span class=\"ls3e ws132\"> 50<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,26<span class=\"_ _6\"/>8 <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _58\"> </span></span> 50<span class=\"_ _7\"/>0,26<span class=\"_ _6\"/>8 <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _80\"> </span></span> 5<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,26<span class=\"_ _6\"/>8 <span class=\"_ _4c\"> </span> 50<span class=\"_ _7\"/>0,26<span class=\"_ _6\"/>8<span class=\"_ _6\"/> </span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _2d6\"> </span><span class=\"lsed ws163\"> 7,<span class=\"_ _7\"/>1<span class=\"_ _6\"/>0<span class=\"_ _6\"/>7<span class=\"_ _7\"> </span> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _13d\"> </span><span class=\"ls128 ws18d\"> 6<span class=\"_ _6\"/>,652<span class=\"_ _6\"/> <span class=\"_ _23b\"> </span><span class=\"ls6f ws13a\"> 4<span class=\"_ _6\"/>55 <span class=\"_ _158\"> </span></span></span></span> 7,<span class=\"_ _6\"/>1<span class=\"_ _7\"/>0<span class=\"_ _6\"/>7<span class=\"_ _7\"/> <span class=\"_ _158\"> </span> 7,<span class=\"_ _6\"/>1<span class=\"_ _7\"/>0<span class=\"_ _6\"/>7<span class=\"_ _7\"/> </span>Cash and cash equivalen<span class=\"_ _5\"/>ts<span class=\"_ _2cf\"> </span><span class=\"lsf8 wse9\"> 3<span class=\"_ _6\"/>51,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>0<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _133\"> </span></span> 3<span class=\"_ _6\"/>51<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>03<span class=\"_ _7\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _133\"> </span></span> 3<span class=\"_ _6\"/>51,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>0<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _101\"> </span> 3<span class=\"_ _6\"/>51,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>0<span class=\"_ _6\"/>3<span class=\"_ _6\"/> </span>T<span class=\"_ _b\"/>otal Financial assets<span class=\"_ _1ca\"> </span> 1,423,4<span class=\"_ _6\"/>42 <span class=\"_ _7d\"> </span><span class=\"lsfa ws43\"> 18<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>4<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _76\"> </span></span> 1,395,3<span class=\"_ _6\"/>40<span class=\"_ _6\"/> <span class=\"_ _15b\"> </span> 8<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>4 <span class=\"_ _23b\"> </span><span class=\"ls2 ws14a\"> 4<span class=\"_ _6\"/>55 <span class=\"_ _76\"> </span></span> 1,404<span class=\"_ _6\"/>,59<span class=\"_ _6\"/>9 <span class=\"_ _223\"> </span> 1,4<span class=\"_ _6\"/>04<span class=\"_ _6\"/>,599<span class=\"_ _6\"/> Loans and borro<span class=\"_ _5\"/>wings:Non-current<span class=\"_ _2d0\"> </span><span class=\"lsed ws163\"> 18<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>51<span class=\"_ _6\"/>1<span class=\"_ _7\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _102\"> </span></span> 1<span class=\"_ _6\"/>8<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>51<span class=\"_ _6\"/>1<span class=\"_ _7\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _8b\"> </span></span> 1<span class=\"_ _6\"/>8<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>1<span class=\"_ _6\"/>1<span class=\"_ _7\"/> <span class=\"_ _101\"> </span><span class=\"ls152 ws17e\"> 1<span class=\"_ _5\"/>87<span class=\"_ _0\"/>,609 </span></span>Current<span class=\"_ _2d7\"> </span><span class=\"ls12d ws116\"> 76<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>57<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _160\"> </span></span> 76<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>5<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _160\"> </span></span> 76<span class=\"_ _7\"/>,0<span class=\"_ _6\"/>5<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _1b7\"> </span> 76<span class=\"_ _7\"/>,5<span class=\"_ _6\"/>6<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _2d8\"> </span><span class=\"ws1\"> 4,836<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _176\"> </span></span> 4,83<span class=\"_ _6\"/>6 <span class=\"_ _135\"> </span> 4,836 <span class=\"_ _163\"> </span> 4,836 </span>Contr<span class=\"_ _5\"/>act liabilities (billing in ex<span class=\"_ _5\"/>cess of r<span class=\"_ _5\"/>evenue)<span class=\"_ _293\"> </span><span class=\"lsfe ws5b\"> 38<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,787<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _52\"> </span></span> 38<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,78<span class=\"_ _6\"/>7 <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _52\"> </span></span> 3<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,787<span class=\"_ _6\"/> <span class=\"_ _161\"> </span> 38<span class=\"_ _6\"/>0,<span class=\"_ _6\"/>787<span class=\"_ _6\"/> </span>Provision <span class=\"_ _5\"/>for onerous c<span class=\"_ _5\"/>ontracts (loss pro<span class=\"_ _5\"/>visions)<span class=\"_ _240\"> </span><span class=\"ls10d ws10d\"> 26,0<span class=\"_ _6\"/>92<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _157\"> </span></span> 26<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>92<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _160\"> </span></span> 26<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>92 <span class=\"_ _1b7\"> </span> 26<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>92<span class=\"_ _6\"/> </span>Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _270\"> </span><span class=\"ls10e ws111\"> 2<span class=\"_ _7\"/>3<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _7\"/>2<span class=\"_ _6\"/>11<span class=\"_ _7\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _7d\"> </span></span> 2<span class=\"_ _7\"/>3<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _7\"/>211<span class=\"_ _7\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _7d\"> </span></span> 2<span class=\"_ _7\"/>32<span class=\"_ _7\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>11<span class=\"_ _7\"/> <span class=\"_ _109\"> </span> 2<span class=\"_ _6\"/>3<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _7\"/>2<span class=\"_ _6\"/>11<span class=\"_ _7\"/> </span>Lease liabilities<span class=\"_ _2d4\"> </span><span class=\"ls102 ws11a\"> 192<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _52\"> </span></span> 19<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,5<span class=\"_ _6\"/>0<span class=\"_ _7\"/>9 <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _133\"> </span></span> 192,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>0<span class=\"_ _7\"/>9 <span class=\"_ _161\"> </span> 19<span class=\"_ _6\"/>2,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span>Deferr<span class=\"_ _5\"/>ed consideration<span class=\"_ _1ef\"> </span><span class=\"ls3 ws137\"> 4<span class=\"_ _6\"/>80 <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _1b9\"> </span></span> 4<span class=\"_ _6\"/>80 <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _7\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _1b9\"> </span></span> 480 <span class=\"_ _9b\"> </span> 4<span class=\"_ _6\"/>80 </span>Bank ov<span class=\"_ _5\"/>erdrafts and short-term bank<span class=\"_ _5\"/> debts<span class=\"_ _2d9\"> </span><span class=\"ls101 wsac\"> 91 <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _c2\"> </span></span> 91<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _c2\"> </span></span> 91<span class=\"_ _6\"/> <span class=\"_ _9c\"> </span> 91<span class=\"_ _6\"/> </span>T<span class=\"_ _b\"/>otal Financial liabilities<span class=\"_ _1e1\"> </span> 1,10<span class=\"_ _6\"/>0,57<span class=\"_ _5\"/>4 <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1ae\"> </span></span> 1,0<span class=\"_ _6\"/>95,258<span class=\"_ _6\"/> <span class=\"_ _163\"> </span> 5,316<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _205\"> </span></span> 1,10<span class=\"_ _6\"/>0,57<span class=\"_ _5\"/>4 <span class=\"_ _51\"> </span><span class=\"ls101 wsac\"> 1,1<span class=\"_ _6\"/>01,18<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span>The fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> inter<span class=\"_ _5\"/>est ra<span class=\"_ _b\"/>te swaps is cal<span class=\"_ _5\"/>culat<span class=\"_ _5\"/>ed by discoun<span class=\"_ _5\"/>ting estimat<span class=\"_ _b\"/>ed future cash flow<span class=\"_ _5\"/>s based on the t<span class=\"_ _5\"/>erms and maturity o<span class=\"_ _b\"/>f each contr<span class=\"_ _5\"/>act and using marke<span class=\"_ _5\"/>t int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>es f<span class=\"_ _5\"/>or a similar instrumen<span class=\"_ _5\"/>t a<span class=\"_ _5\"/>t measurement<span class=\"_ _5\"/> dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> These calcula<span class=\"_ _5\"/>tions are t<span class=\"_ _b\"/>ested f<span class=\"_ _5\"/>or reasonabl<span class=\"_ _5\"/>eness by comparing <span class=\"_ _5\"/>them with bank val<span class=\"_ _5\"/>uations.The fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> loans and receiv<span class=\"_ _5\"/>ables is based on the presen<span class=\"_ _5\"/>t v<span class=\"_ _5\"/>alue o<span class=\"_ _5\"/>f future principa<span class=\"_ _5\"/>l and inter<span class=\"_ _5\"/>est cash flows,<span class=\"_ _0\"/> discounted a<span class=\"_ _5\"/>t the Gr<span class=\"_ _5\"/>oup specific market r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> inter<span class=\"_ _5\"/>est a<span class=\"_ _5\"/>t reporting dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> For<span class=\"_ _5\"/> financial leases the marke<span class=\"_ _5\"/>t ra<span class=\"_ _5\"/>te o<span class=\"_ _5\"/>f int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> is determined by<span class=\"_ _5\"/> ref<span class=\"_ _5\"/>erence <span class=\"_ _5\"/>to similar l<span class=\"_ _5\"/>ease agreements.The fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> trade and o<span class=\"_ _b\"/>ther receivabl<span class=\"_ _5\"/>es is estimat<span class=\"_ _5\"/>ed as the presen<span class=\"_ _5\"/>t va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> future cash <span class=\"_ _5\"/>flows,<span class=\"_ _b\"/> discount<span class=\"_ _5\"/>ed at<span class=\"_ _5\"/> the marke<span class=\"_ _5\"/>t ra<span class=\"_ _5\"/>te o<span class=\"_ _5\"/>f int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> at r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> Due t<span class=\"_ _5\"/>o the short-t<span class=\"_ _5\"/>erm character<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the receiv<span class=\"_ _5\"/>ables,<span class=\"_ _b\"/> the fair va<span class=\"_ _5\"/>lue equals the carr<span class=\"_ _6\"/>ying value<span class=\"_ _5\"/>.33 <span class=\"_ _2\"> </span>Commitments and c<span class=\"_ _5\"/>ontingent<span class=\"_ _5\"/> liabilitiesCommitt<span class=\"_ _5\"/>ed lease payments <span class=\"_ _5\"/>for short-<span class=\"_ _5\"/>term and/<span class=\"_ _5\"/>or low<span class=\"_ _b\"/>-value l<span class=\"_ _5\"/>eases are reported as o<span class=\"_ _5\"/>ff-balance sheet<span class=\"_ _5\"/> commitment.<span class=\"_ _b\"/> The lease paymen<span class=\"_ _5\"/>ts (excl<span class=\"_ _5\"/>uding costs f<span class=\"_ _5\"/>or services such as insurance and maint<span class=\"_ _5\"/>enance,<span class=\"_ _b\"/> which are expenses as incurr<span class=\"_ _5\"/>ed) are recognized as an e<span class=\"_ _5\"/>xpense on a straight<span class=\"_ _5\"/>-line basis unless another<span class=\"_ _5\"/> syst<span class=\"_ _5\"/>emic basis is representa<span class=\"_ _5\"/>tive of <span class=\"_ _5\"/>the time patt<span class=\"_ _5\"/>ern of<span class=\"_ _5\"/> the user\u2019s benefit,<span class=\"_ _b\"/> even if the pa<span class=\"_ _5\"/>yments are no<span class=\"_ _5\"/>t on that<span class=\"_ _5\"/> basis.<span class=\"_ _5\"/> Non-financial guaran<span class=\"_ _5\"/>tees are ac<span class=\"_ _5\"/>counted <span class=\"_ _5\"/>for as a c<span class=\"_ _5\"/>ontingent liability<span class=\"_ _5\"/> until such time it bec<span class=\"_ _5\"/>omes probable tha<span class=\"_ _5\"/>t the Company<span class=\"_ _5\"/> will be requir<span class=\"_ _5\"/>ed to mak<span class=\"_ _5\"/>e a payment<span class=\"_ _5\"/> under such guarant<span class=\"_ _5\"/>ee.<span class=\"_ _b\"/> Financial guarantees ar<span class=\"_ _5\"/>e subject to <span class=\"_ _5\"/>the Expected Credit L<span class=\"_ _5\"/>oss model, and a cr<span class=\"_ _5\"/>edit loss is rec<span class=\"_ _5\"/>ognized for<span class=\"_ _5\"/> the expected cash shortfal<span class=\"_ _5\"/>ls.<span class=\"_ _5\"/> Contingen<span class=\"_ _5\"/>t liabilities are pot<span class=\"_ _5\"/>ential obliga<span class=\"_ _5\"/>tions of sufficient unc<span class=\"_ _5\"/>ertainty that<span class=\"_ _5\"/> it does not<span class=\"_ _5\"/> qualify f<span class=\"_ _5\"/>or recognition as a provision (see no<span class=\"_ _5\"/>te 29),<span class=\"_ _b\"/> unless it is assumed in a business combina<span class=\"_ _5\"/>tion (see note 6).<span class=\"_ _0\"/> Contingent liabilities are r<span class=\"_ _5\"/>eviewed periodicall<span class=\"_ _5\"/>y t<span class=\"_ _5\"/>o assess whether<span class=\"_ _5\"/> an outflow o<span class=\"_ _5\"/>f resources <span class=\"_ _5\"/>will become probabl<span class=\"_ _5\"/>e.Summary of<span class=\"_ _5\"/> commitmentsIn \u20ac thousands<span class=\"_ _11a\"> </span><span class=\"ff1 fs7b fc1 ls3e ws1\">3<span class=\"_ _5\"/>1 December 2022<span class=\"_ _4e\"> </span><span class=\"ff2 fc6\">3<span class=\"_ _5\"/>1 December 202<span class=\"_ _5\"/>1</span></span>Short-term l<span class=\"_ _5\"/>eases<span class=\"_ _1ed\"> </span><span class=\"lsf8 wse9\"> 1,<span class=\"_ _6\"/>151<span class=\"_ _7\"/> <span class=\"_ _233\"> </span><span class=\"lsf1 ws166\"> 636 </span></span>Low<span class=\"_ _5\"/>-v<span class=\"_ _5\"/>alue leases<span class=\"_ _195\"> </span><span class=\"ls3 ws137\"> 34<span class=\"_ _6\"/>0 <span class=\"_ _1bf\"> </span><span class=\"ls10e ws111\"> 113<span class=\"_ _7\"/> </span></span>T<span class=\"_ _b\"/>otal committ<span class=\"_ _5\"/>ed off-balanc<span class=\"_ _5\"/>e leases<span class=\"_ _21d\"> </span><span class=\"ls101 wsac\"> 1,4<span class=\"_ _6\"/>91<span class=\"_ _6\"/> <span class=\"_ _2c4\"> </span><span class=\"ls16c ws133\"> 74<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>In \u20ac thousands<span class=\"_ _11a\"> </span><span class=\"ff1 fs7b fc1 ls3e ws1\">3<span class=\"_ _5\"/>1 December 2022<span class=\"_ _4e\"> </span><span class=\"ff2 fc6\">3<span class=\"_ _5\"/>1 December 202<span class=\"_ _5\"/>1</span></span>Bank guaran<span class=\"_ _5\"/>tees<span class=\"_ _284\"> </span><span class=\"lsf8 wse9\"> 151<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>6<span class=\"_ _6\"/>3<span class=\"_ _7\"/> <span class=\"_ _7d\"> </span> 141<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>6<span class=\"_ _6\"/>3<span class=\"_ _6\"/> </span>Corpora<span class=\"_ _5\"/>te guaran<span class=\"_ _5\"/>tees<span class=\"_ _1a5\"> </span> 1<span class=\"_ _5\"/>77<span class=\"_ _b\"/>,58<span class=\"_ _6\"/>0 <span class=\"_ _133\"> </span><span class=\"lsef ws11c\"> 16<span class=\"_ _6\"/>3<span class=\"_ _6\"/>,0<span class=\"_ _7\"/>0<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span>Eliminations<span class=\"_ _1b3\"> </span><span class=\"ws1\"> (1<span class=\"_ _b\"/>14,102<span class=\"_ _5\"/>)<span class=\"_ _159\"> </span> (92,71<span class=\"_ _b\"/>5<span class=\"_ _6\"/>)</span>Guarant<span class=\"_ _5\"/>ees<span class=\"_ _2da\"> </span><span class=\"lscd ws108\"> 215<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>41<span class=\"_ _7\"/> <span class=\"_ _7d\"> </span><span class=\"lsfd ws114\"> 2<span class=\"_ _6\"/>11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>5<span class=\"_ _7\"/>3<span class=\"_ _6\"/> </span></span>Leases<span class=\"_ _209\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>91<span class=\"_ _6\"/> <span class=\"_ _2c4\"> </span><span class=\"lsf7 ws17f\"> 74<span class=\"_ _6\"/>9<span class=\"_ _7\"/> </span></span>Other commitmen<span class=\"_ _5\"/>ts<span class=\"_ _1a2\"> </span><span class=\"ls110 ws15c\">9<span class=\"_ _6\"/>53 <span class=\"_ _188\"> </span><span class=\"ls2 ws14a\"> 8,35<span class=\"_ _6\"/>0 </span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1ca\"> </span><span class=\"ls147 ws172\"> 2<span class=\"_ _6\"/>17,<span class=\"_ _7\"/>4<span class=\"_ _7\"/>8<span class=\"_ _6\"/>5<span class=\"_ _7\"/> <span class=\"_ _133\"> </span><span class=\"ls3 ws137\"> 220,65<span class=\"_ _5\"/>2 </span></span>LeasesThe Group<span class=\"_ _5\"/>\u2019s lease arr<span class=\"_ _5\"/>angements mainl<span class=\"_ _5\"/>y rela<span class=\"_ _5\"/>te t<span class=\"_ _b\"/>o contracts f<span class=\"_ _5\"/>or leased cars,<span class=\"_ _0\"/> building and other (IT) equipment.<span class=\"_ _b\"/> These leases ha<span class=\"_ _5\"/>ve varying t<span class=\"_ _5\"/>erms,<span class=\"_ _b\"/> termina<span class=\"_ _5\"/>tion clauses and renewa<span class=\"_ _5\"/>l rights.<span class=\"_ _b\"/> For l<span class=\"_ _5\"/>eased assets the Gr<span class=\"_ _5\"/>oup has recogniz<span class=\"_ _5\"/>ed right-of<span class=\"_ _5\"/>-use assets and lease liabilities as a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> exc<span class=\"_ _5\"/>ept <span class=\"_ _5\"/>for short-<span class=\"_ _5\"/>term and/<span class=\"_ _b\"/>or low<span class=\"_ _5\"/>-val<span class=\"_ _5\"/>ue leases.<span class=\"_ _b\"/> The lease expense r<span class=\"_ _5\"/>ecognized in pro<span class=\"_ _5\"/>fit or loss o<span class=\"_ _5\"/>f 20<span class=\"_ _5\"/>22 relating <span class=\"_ _5\"/>to short-t<span class=\"_ _b\"/>erm and/or<span class=\"_ _5\"/> low<span class=\"_ _5\"/>-v<span class=\"_ _5\"/>alue leases amount<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o \u20ac1.5 mil<span class=\"_ _5\"/>lion (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac0.7 million).See not<span class=\"_ _5\"/>e 1<span class=\"_ _5\"/>6 for<span class=\"_ _5\"/> further inf<span class=\"_ _5\"/>ormation on leases.<span class=\"_ _b\"/>  Guarant<span class=\"_ _5\"/>ees Arcadis has issued c<span class=\"_ _5\"/>orporat<span class=\"_ _5\"/>e guarant<span class=\"_ _5\"/>ees as security f<span class=\"_ _b\"/>or credit f<span class=\"_ _5\"/>acilities,<span class=\"_ _b\"/> bank guarant<span class=\"_ _5\"/>ee fa<span class=\"_ _5\"/>cilities and surety bond lines.<span class=\"_ _b\"/> Guarantees or<span class=\"_ _5\"/> guarant<span class=\"_ _5\"/>ee-like items issued b<span class=\"_ _5\"/>y a financial in<span class=\"_ _5\"/>termediary (such as bank guaran<span class=\"_ _5\"/>tees and surety<span class=\"_ _5\"/> bonds) can be issued in relation <span class=\"_ _5\"/>to projects,<span class=\"_ _b\"/> advanc<span class=\"_ _5\"/>es received,<span class=\"_ _0\"/> tender bonds or<span class=\"_ _5\"/> lease commitments <span class=\"_ _5\"/>to a<span class=\"_ _5\"/>void cash deposits.<span class=\"_ _b\"/> Bank guarant<span class=\"_ _5\"/>ees or sure<span class=\"_ _5\"/>ty bonds issued f<span class=\"_ _5\"/>or project performanc<span class=\"_ _5\"/>e can be claimed by clien<span class=\"_ _5\"/>ts where <span class=\"_ _5\"/>Arcadis f<span class=\"_ _5\"/>ails to deliv<span class=\"_ _5\"/>er in line with <span class=\"_ _5\"/>the agreed con<span class=\"_ _5\"/>tract.<span class=\"_ _b\"/> In such cases,<span class=\"_ _5\"/> the liability o<span class=\"_ _b\"/>f the bank should be no gr<span class=\"_ _5\"/>eat<span class=\"_ _5\"/>er than <span class=\"_ _5\"/>the original liability on <span class=\"_ _5\"/>Arcadis.<span class=\"_ _b\"/> Where <span class=\"_ _5\"/>the failur<span class=\"_ _5\"/>e to perform ar<span class=\"_ _5\"/>ose due to an error or<span class=\"_ _5\"/> omission by <span class=\"_ _5\"/>Arcadis,<span class=\"_ _b\"/> the claim coul<span class=\"_ _5\"/>d be cover<span class=\"_ _5\"/>ed by the pr<span class=\"_ _5\"/>of<span class=\"_ _5\"/>essional indemnity insuranc<span class=\"_ _5\"/>e cover<span class=\"_ _3\"/>. The tables bel<span class=\"_ _5\"/>ow summarize <span class=\"_ _5\"/>the outstanding corpor<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e and bank guarant<span class=\"_ _5\"/>ees.<span class=\"_ _b\"/> They r<span class=\"_ _5\"/>eflect onl<span class=\"_ _5\"/>y items <span class=\"_ _5\"/>that hav<span class=\"_ _5\"/>e been drawn or<span class=\"_ _5\"/> utilized tha<span class=\"_ _5\"/>t are no<span class=\"_ _5\"/>t alr<span class=\"_ _5\"/>eady shown on <span class=\"_ _5\"/>the balance sheet.<span class=\"_ _b\"/> Corpora<span class=\"_ _5\"/>teBank  1In \u20ac millionsguarant<span class=\"_ _5\"/>eesguarant<span class=\"_ _5\"/>ees<span class=\"_ _cb\"> </span>EliminationsTo<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>lDebt<span class=\"_ _5\"/> facility financing<span class=\"_ _11\"> </span><span class=\"wsac\">3.6<span class=\"_ _193\"> </span><span class=\"ls3 ws1\">-<span class=\"_ _193\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _161\"> </span></span></span>3.6</span>Bank guarant<span class=\"_ _5\"/>ee financing<span class=\"_ _92\"> </span>13<span class=\"_ _6\"/>5<span class=\"_ _7\"/>.8<span class=\"_ _13e\"> </span><span class=\"lsf8 ws114\">151<span class=\"_ _6\"/>.<span class=\"_ _6\"/>6<span class=\"_ _71\"> </span></span><span class=\"ws1\"> (75.9)<span class=\"_ _37\"> </span><span class=\"ls10e ws104\">2<span class=\"_ _6\"/>11<span class=\"_ _6\"/>.<span class=\"_ _6\"/>5</span></span>Other<span class=\"_ _2db\"> </span>38.2<span class=\"_ _66\"> </span>-<span class=\"_ _71\"> </span><span class=\"ls9d\"> (38<span class=\"_ _6\"/>.2)<span class=\"_ _56\"> </span></span>0.0Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _1d1\"> </span>17<span class=\"_ _7\"/>7.<span class=\"_ _6\"/>6<span class=\"_ _13e\"> </span><span class=\"ls102 ws11e\">151.<span class=\"_ _6\"/>6<span class=\"_ _d6\"> </span></span> (11<span class=\"_ _5\"/>4.1)<span class=\"_ _194\"> </span><span class=\"ls102 ws11e\">215<span class=\"_ _6\"/>.<span class=\"_ _6\"/>1</span>1 T<span class=\"_ _b\"/>o avoid double-counting and the oversta<span class=\"_ _5\"/>tement<span class=\"_ _5\"/> of contingen<span class=\"_ _5\"/>t obligations,<span class=\"_ _b\"/> only one instance o<span class=\"_ _5\"/>f any o<span class=\"_ _5\"/>ff-balance sheet it<span class=\"_ _5\"/>em is reported,<span class=\"_ _5\"/> e.g.<span class=\"_ _b\"/> if Arcadis NV has provided a corpor<span class=\"_ _5\"/>ate guarant<span class=\"_ _5\"/>ee for<span class=\"_ _5\"/> a local bank guarant<span class=\"_ _5\"/>ee facility<span class=\"_ _b\"/>, any<span class=\"_ _5\"/> claim for pa<span class=\"_ _5\"/>yment by<span class=\"_ _5\"/> a client on an outstanding bank guaran<span class=\"_ _5\"/>tee can only<span class=\"_ _5\"/> be honored once.<span class=\"_ _b\"/> Corpora<span class=\"_ _5\"/>teBank 1In \u20ac millionsguarant<span class=\"_ _5\"/>eesguarant<span class=\"_ _5\"/>ees<span class=\"_ _20c\"> </span>EliminationsTo<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>lDebt<span class=\"_ _5\"/> facility financing<span class=\"_ _f5\"> </span><span class=\"lsed ws109\">7.<span class=\"_ _6\"/>6<span class=\"_ _193\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _109\"> </span></span>7.<span class=\"_ _6\"/>6</span>Bank guarant<span class=\"_ _5\"/>ee financing<span class=\"_ _92\"> </span>14<span class=\"_ _6\"/>3<span class=\"_ _6\"/>.<span class=\"_ _6\"/>4<span class=\"_ _a0\"> </span><span class=\"lsf8 ws114\">1<span class=\"_ _6\"/>41.<span class=\"_ _6\"/>3<span class=\"_ _18a\"> </span></span><span class=\"ws1\"> (80.7)<span class=\"_ _194\"> </span><span class=\"wsac\">204<span class=\"_ _6\"/>.0</span></span>Other<span class=\"_ _28b\"> </span>12.1<span class=\"_ _8b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _13e\"> </span></span><span class=\"ws1\"> (12.0)<span class=\"_ _56\"> </span></span>0.1Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2021 <span class=\"_ _26a\"> </span>163<span class=\"_ _6\"/>.1<span class=\"_ _71\"> </span><span class=\"ls118 ws135\">141<span class=\"_ _6\"/>.<span class=\"_ _6\"/>3<span class=\"_ _29\"> </span></span> (92.7)<span class=\"_ _37\"> </span><span class=\"lsfd ws119\">2<span class=\"_ _6\"/>11<span class=\"_ _6\"/>.<span class=\"_ _6\"/>7</span>1 T<span class=\"_ _b\"/>o avoid double-counting and the oversta<span class=\"_ _5\"/>tement<span class=\"_ _5\"/> of contingen<span class=\"_ _5\"/>t obligations,<span class=\"_ _b\"/> only one instance o<span class=\"_ _5\"/>f any o<span class=\"_ _5\"/>ff-balance sheet it<span class=\"_ _5\"/>em is reported,<span class=\"_ _5\"/> e.g.<span class=\"_ _b\"/> if Arcadis NV has provided a corpor<span class=\"_ _5\"/>ate guarant<span class=\"_ _5\"/>ee for<span class=\"_ _5\"/> a local bank guarant<span class=\"_ _5\"/>ee facility<span class=\"_ _b\"/>, any<span class=\"_ _5\"/> claim for pa<span class=\"_ _5\"/>yment by<span class=\"_ _5\"/> a client on an outstanding bank guaran<span class=\"_ _5\"/>tee can only<span class=\"_ _5\"/> be honored once.<span class=\"_ _b\"/> The vas<span class=\"_ _5\"/>t majority o<span class=\"_ _5\"/>f outstanding bank guar<span class=\"_ _5\"/>antees and sur<span class=\"_ _5\"/>ety bonds r<span class=\"_ _5\"/>elates <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the commercial performanc<span class=\"_ _5\"/>e on projects (e.<span class=\"_ _5\"/>g.<span class=\"_ _5\"/> Performance guar<span class=\"_ _5\"/>antees,<span class=\"_ _0\"/> T<span class=\"_ _b\"/>ender bonds,<span class=\"_ _b\"/> W<span class=\"_ _b\"/>arranty bonds or<span class=\"_ _5\"/> Advance pa<span class=\"_ _b\"/>yment guarant<span class=\"_ _5\"/>ees) and renta<span class=\"_ _5\"/>l guarant<span class=\"_ _5\"/>ees.<span class=\"_ _5\"/> On 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 and throughout<span class=\"_ _5\"/> the year<span class=\"_ _3\"/>,<span class=\"_ _5\"/> the vas<span class=\"_ _5\"/>t majority o<span class=\"_ _5\"/>f the outs<span class=\"_ _5\"/>tanding bank guarant<span class=\"_ _5\"/>ees and surety<span class=\"_ _5\"/> bonds posed an immat<span class=\"_ _5\"/>erial and insignificant risk<span class=\"_ _5\"/> to <span class=\"_ _5\"/>Arcadis.On 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> only<span class=\"_ _5\"/> a par<span class=\"_ _6\"/>t o<span class=\"_ _5\"/>f the loca<span class=\"_ _5\"/>l bank guarant<span class=\"_ _b\"/>ee facilities and loca<span class=\"_ _5\"/>l debt <span class=\"_ _5\"/>facilities ha<span class=\"_ _5\"/>ve been used.Other commitmen<span class=\"_ _5\"/>tsThe other<span class=\"_ _5\"/> commitments amount<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o \u20ac1.0 million (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac8<span class=\"_ _6\"/>.4 million) and include <span class=\"_ _5\"/>the ser<span class=\"_ _6\"/>vice part of<span class=\"_ _5\"/> a long-term gl<span class=\"_ _5\"/>obal IT service contr<span class=\"_ _5\"/>act,<span class=\"_ _b\"/> which runs for<span class=\"_ _5\"/> a remaining period of<span class=\"_ _5\"/> one t<span class=\"_ _5\"/>o two <span class=\"_ _5\"/>years.Con<span class=\"_ _5\"/>tingent liabilitiesLitigationThe Company<span class=\"_ _5\"/> is invol<span class=\"_ _b\"/>ved in various lega<span class=\"_ _5\"/>l and regulat<span class=\"_ _5\"/>ory claims and proceedings as a resul<span class=\"_ _b\"/>t of<span class=\"_ _5\"/> its normal course o<span class=\"_ _5\"/>f business,<span class=\"_ _b\"/> either as plaintiff or<span class=\"_ _5\"/> defendant.<span class=\"_ _0\"/> Management ensur<span class=\"_ _5\"/>es that<span class=\"_ _5\"/> these cases are <span class=\"_ _5\"/>firmly def<span class=\"_ _5\"/>ended.<span class=\"_ _5\"/> In some of<span class=\"_ _5\"/> these proc<span class=\"_ _5\"/>eedings,<span class=\"_ _5\"/> claimants al<span class=\"_ _5\"/>legedl<span class=\"_ _5\"/>y claim amounts f<span class=\"_ _b\"/>or project contr<span class=\"_ _5\"/>act breaches that<span class=\"_ _5\"/> are significant <span class=\"_ _5\"/>to the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed financial sta<span class=\"_ _5\"/>tements.All lega<span class=\"_ _5\"/>l and regulat<span class=\"_ _5\"/>ory claims and proceedings are assessed on a r<span class=\"_ _5\"/>egular basis.<span class=\"_ _b\"/> In consul<span class=\"_ _5\"/>tation with in-house and ext<span class=\"_ _5\"/>ernal legal c<span class=\"_ _5\"/>ounsels,<span class=\"_ _5\"/> management<span class=\"_ _5\"/> regularl<span class=\"_ _5\"/>y eva<span class=\"_ _5\"/>luat<span class=\"_ _b\"/>es facts and circumstanc<span class=\"_ _5\"/>es of <span class=\"_ _5\"/>those claims and,<span class=\"_ _5\"/> based on the anal<span class=\"_ _b\"/>ysis of<span class=\"_ _5\"/> possible outc<span class=\"_ _5\"/>omes of litiga<span class=\"_ _5\"/>tion and settlemen<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> provisions ar<span class=\"_ _5\"/>e accrued f<span class=\"_ _5\"/>or<span class=\"_ _0\"/>.<span class=\"_ _5\"/> Provisions ar<span class=\"_ _5\"/>e accrued f<span class=\"_ _5\"/>or onl<span class=\"_ _b\"/>y where managemen<span class=\"_ _5\"/>t believes it<span class=\"_ _5\"/> is probable <span class=\"_ _5\"/>that <span class=\"_ _5\"/>Arcadis <span class=\"_ _5\"/>will be held liable<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the amount is r<span class=\"_ _5\"/>easonably<span class=\"_ _5\"/> estimable<span class=\"_ _5\"/>,<span class=\"_ _5\"/> and the claim has no<span class=\"_ _5\"/>t been insured.<span class=\"_ _b\"/> These pro<span class=\"_ _5\"/>visions are revie<span class=\"_ _5\"/>wed periodicall<span class=\"_ _b\"/>y and adjust<span class=\"_ _5\"/>ed if necessary<span class=\"_ _b\"/>,<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o the ext<span class=\"_ _5\"/>ent tha<span class=\"_ _b\"/>t cash outflow o<span class=\"_ _5\"/>f rela<span class=\"_ _5\"/>ted proc<span class=\"_ _5\"/>eedings is probable<span class=\"_ _5\"/>,<span class=\"_ _5\"/> including def<span class=\"_ _5\"/>ense costs and r<span class=\"_ _5\"/>eimbursements by our<span class=\"_ _5\"/> insurance policies.Since the ul<span class=\"_ _b\"/>timate disposition o<span class=\"_ _b\"/>f asser<span class=\"_ _6\"/>ted claims and pr<span class=\"_ _5\"/>oceedings cannot<span class=\"_ _5\"/> be predicted with c<span class=\"_ _5\"/>er<span class=\"_ _6\"/>tainty<span class=\"_ _b\"/>,<span class=\"_ _b\"/> final settlemen<span class=\"_ _5\"/>t can differ <span class=\"_ _5\"/>from this es<span class=\"_ _5\"/>timat<span class=\"_ _5\"/>e and could requir<span class=\"_ _5\"/>e revisions t<span class=\"_ _5\"/>o the estima<span class=\"_ _b\"/>ted provision,<span class=\"_ _b\"/> which coul<span class=\"_ _5\"/>d hav<span class=\"_ _5\"/>e a mat<span class=\"_ _5\"/>erial adverse e<span class=\"_ _5\"/>ffect on the C<span class=\"_ _5\"/>ompany\u2019s balance shee<span class=\"_ _5\"/>t,<span class=\"_ _5\"/> pro<span class=\"_ _5\"/>fit or loss,<span class=\"_ _b\"/> and cash flow<span class=\"_ _5\"/>s for<span class=\"_ _5\"/> a particular period.Ta<span class=\"_ _7\"/>xArcadis oper<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es in a high number of<span class=\"_ _5\"/> jurisdictions and is subject to a <span class=\"_ _5\"/>variety<span class=\"_ _5\"/> of <span class=\"_ _5\"/>taxes per jurisdiction.<span class=\"_ _b\"/> T<span class=\"_ _b\"/>ax legisla<span class=\"_ _5\"/>tion can be highly<span class=\"_ _5\"/> complex<span class=\"_ _5\"/> and subject t<span class=\"_ _5\"/>o changes and interpr<span class=\"_ _5\"/>etation.<span class=\"_ _0\"/> Theref<span class=\"_ _5\"/>ore,<span class=\"_ _b\"/> Arca<span class=\"_ _5\"/>dis is exposed t<span class=\"_ _5\"/>o varying degrees of<span class=\"_ _5\"/> uncertainty and significant judgemen<span class=\"_ _5\"/>t is required in de<span class=\"_ _5\"/>termining the gl<span class=\"_ _5\"/>obal tax position.<span class=\"_ _b\"/> The Company<span class=\"_ _5\"/> accoun<span class=\"_ _5\"/>ts f<span class=\"_ _5\"/>or its income tax<span class=\"_ _5\"/>es on the basis o<span class=\"_ _5\"/>f its own int<span class=\"_ _5\"/>ernal anal<span class=\"_ _b\"/>yses suppor<span class=\"_ _6\"/>ted b<span class=\"_ _5\"/>y ext<span class=\"_ _5\"/>ernal advice<span class=\"_ _5\"/>.<span class=\"_ _b\"/> The Company<span class=\"_ _5\"/> continuall<span class=\"_ _b\"/>y monitors its gl<span class=\"_ _5\"/>obal tax position incl<span class=\"_ _5\"/>uding changes in tax law<span class=\"_ _5\"/>s or int<span class=\"_ _5\"/>erpreta<span class=\"_ _5\"/>tions of such la<span class=\"_ _5\"/>ws.<span class=\"_ _b\"/> Whenev<span class=\"_ _5\"/>er uncertain tax positions arise,<span class=\"_ _0\"/> the Company<span class=\"_ _5\"/> assesses the pot<span class=\"_ _5\"/>ential consequences and r<span class=\"_ _5\"/>ecognizes liabilities depending on the s<span class=\"_ _5\"/>trength of<span class=\"_ _5\"/> the Compan<span class=\"_ _5\"/>y\u2019s position and the resul<span class=\"_ _5\"/>ting risk o<span class=\"_ _5\"/>f loss.34 <span class=\"_\"> </span>R<span class=\"_ _5\"/>elat<span class=\"_ _b\"/>ed <span class=\"_ _6\"/>par<span class=\"_ _6\"/>ty transa<span class=\"_ _5\"/>ctionsA rela<span class=\"_ _5\"/>ted party is a person or an en<span class=\"_ _5\"/>tity that<span class=\"_ _5\"/> is relat<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o the Group.<span class=\"_ _b\"/> These include bo<span class=\"_ _5\"/>th people and entities tha<span class=\"_ _5\"/>t hav<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> or are subject t<span class=\"_ _5\"/>o,<span class=\"_ _b\"/> the influence or<span class=\"_ _5\"/> control o<span class=\"_ _5\"/>f the Group (e<span class=\"_ _5\"/>.g.<span class=\"_ _b\"/> key managemen<span class=\"_ _5\"/>t personnel).<span class=\"_ _b\"/> T<span class=\"_ _5\"/>ransactions with rela<span class=\"_ _5\"/>ted parties are acc<span class=\"_ _5\"/>ounted <span class=\"_ _5\"/>for in ac<span class=\"_ _5\"/>cordance <span class=\"_ _5\"/>with the requiremen<span class=\"_ _5\"/>ts of rel<span class=\"_ _5\"/>evant<span class=\"_ _5\"/> IFRSs and take int<span class=\"_ _5\"/>o accoun<span class=\"_ _5\"/>t the substanc<span class=\"_ _5\"/>e as well as the legal form.GeneralThe rela<span class=\"_ _5\"/>ted parties of <span class=\"_ _5\"/>the Company<span class=\"_ _5\"/> comprise subsidiaries,<span class=\"_ _b\"/> jointly<span class=\"_ _5\"/> contr<span class=\"_ _5\"/>olled entities,<span class=\"_ _0\"/> associates,<span class=\"_ _b\"/> t<span class=\"_ _5\"/>emporary partnerships,<span class=\"_ _5\"/> Stichting L<span class=\"_ _5\"/>ovinklaan,<span class=\"_ _b\"/> Stichting Belle<span class=\"_ _5\"/>vue,<span class=\"_ _b\"/> Stichting Priorit<span class=\"_ _5\"/>eit Ar<span class=\"_ _5\"/>cadis NV<span class=\"_ _b\"/>,<span class=\"_ _b\"/> Stichting Pre<span class=\"_ _5\"/>ferent<span class=\"_ _b\"/>e<span class=\"_ _6\"/> Aandelen Ar<span class=\"_ _5\"/>cadis NV<span class=\"_ _b\"/>,<span class=\"_ _b\"/> the members of<span class=\"_ _5\"/> the Executiv<span class=\"_ _5\"/>e Board,<span class=\"_ _b\"/> the Executiv<span class=\"_ _5\"/>e Leadership <span class=\"_ _5\"/>T<span class=\"_ _b\"/>eam and the Supervisor<span class=\"_ _6\"/>y Board.In acc<span class=\"_ _5\"/>ordance with article 2:3<span class=\"_ _b\"/>79 and 4<span class=\"_ _5\"/>1<span class=\"_ _5\"/>4 of <span class=\"_ _5\"/>the Dutch Civil C<span class=\"_ _5\"/>ode,<span class=\"_ _b\"/> the list o<span class=\"_ _5\"/>f subsidiaries,<span class=\"_ _b\"/> joint <span class=\"_ _5\"/>ventures,<span class=\"_ _0\"/> and<span class=\"_ _6\"/> associat<span class=\"_ _5\"/>es is filed with <span class=\"_ _5\"/>the Chamber o<span class=\"_ _5\"/>f Commer<span class=\"_ _5\"/>ce in Amst<span class=\"_ _5\"/>erdam.T<span class=\"_ _b\"/>ransactions with subsidiariesThe financial <span class=\"_ _5\"/>transactions between <span class=\"_ _5\"/>the Company and its subsidiaries c<span class=\"_ _5\"/>omprise operationa<span class=\"_ _5\"/>l project rela<span class=\"_ _5\"/>ted transactions,<span class=\"_ _b\"/> financing transa<span class=\"_ _5\"/>ctions and other <span class=\"_ _5\"/>transactions in the normal c<span class=\"_ _5\"/>ourse of business a<span class=\"_ _5\"/>ctivities. T<span class=\"_ _b\"/>ransactions within the Gr<span class=\"_ _5\"/>oup are not<span class=\"_ _5\"/> included in these discl<span class=\"_ _5\"/>osures as these are elimina<span class=\"_ _5\"/>ted in <span class=\"_ _5\"/>the Consolida<span class=\"_ _5\"/>ted financial sta<span class=\"_ _5\"/>tements.T<span class=\"_ _b\"/>ransactions with join<span class=\"_ _5\"/>t arrangementsThe Group has ent<span class=\"_ _5\"/>ered int<span class=\"_ _5\"/>o transa<span class=\"_ _5\"/>ctions on an arm\u2019s l<span class=\"_ _5\"/>ength basis through joint<span class=\"_ _5\"/> arrangements during <span class=\"_ _5\"/>the year 2022<span class=\"_ _5\"/>.<span class=\"_ _5\"/> T<span class=\"_ _0\"/>otal re<span class=\"_ _5\"/>venues fr<span class=\"_ _5\"/>om joint arrangemen<span class=\"_ _5\"/>ts amounted <span class=\"_ _5\"/>to \u20ac<span class=\"lsc7 wsdd\">245<span class=\"_ _6\"/> </span>million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac221<span class=\"_ _b\"/>.2 million).T<span class=\"_ _b\"/>ransactions with associat<span class=\"_ _5\"/>esThe Group has ent<span class=\"_ _5\"/>ered int<span class=\"_ _5\"/>o transa<span class=\"_ _5\"/>ctions with associat<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> see note 1<span class=\"_ _b\"/>7 and the tabl<span class=\"_ _5\"/>e on the next<span class=\"_ _5\"/> page.T<span class=\"_ _b\"/>ransactions with k<span class=\"_ _5\"/>ey mana<span class=\"_ _5\"/>gement personnelThe table bel<span class=\"_ _5\"/>ow specifies the <span class=\"_ _5\"/>to<span class=\"_ _5\"/>tal remunera<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> key<span class=\"_ _5\"/> management<span class=\"_ _5\"/> personnel,<span class=\"_ _5\"/> for<span class=\"_ _5\"/> the period tha<span class=\"_ _5\"/>t the<span class=\"_ _5\"/>y met the criteria,<span class=\"_ _b\"/> and for<span class=\"_ _5\"/> remunera<span class=\"_ _5\"/>tion received in <span class=\"_ _5\"/>the capacity o<span class=\"_ _5\"/>f k<span class=\"_ _5\"/>ey mana<span class=\"_ _5\"/>gement personnel.<span class=\"_ _b\"/> This includes the remunera<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the Executiv<span class=\"_ _5\"/>e Board members of<span class=\"_ _5\"/> \u20ac4.4 million (202<span class=\"_ _b\"/>1: \u20ac3.4 mil<span class=\"_ _5\"/>lion) and Super<span class=\"_ _6\"/>visory Board members of<span class=\"_ _5\"/> \u20ac0.5 million (202<span class=\"_ _b\"/>1: \u20ac0.5 million).<span class=\"_ _b\"/> F<span class=\"_ _5\"/>or the com<span class=\"ws1\">position of<span class=\"_ _5\"/> the Executiv<span class=\"_ _5\"/>e Board,<span class=\"_ _b\"/> Executive L<span class=\"_ _5\"/>eadership T<span class=\"_ _0\"/>eam and Super<span class=\"_ _6\"/>visor<span class=\"_ _6\"/>y Board in 20<span class=\"_ _5\"/>22 see </span>pages 1<span class=\"_ _0\"/>16 t<span class=\"_ _5\"/>o 1<span class=\"_ _b\"/>19<span class=\"_ _5\"/>.<span class=\"_ _b\"/> The remunera<span class=\"_ _5\"/>tion in below <span class=\"_ _5\"/>table cov<span class=\"_ _5\"/>ers the period tha<span class=\"_ _5\"/>t members qualified as k<span class=\"_ _5\"/>ey management<span class=\"_ _5\"/> personnel. In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>0Salary<span class=\"_ _270\"> </span><span class=\"lsf2 ws10e\">3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>70<span class=\"_ _6\"/>0<span class=\"_ _205\"> </span></span><span class=\"ws1\"> 3,4<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0 </span>Bonus<span class=\"_ _28f\"> </span><span class=\"lsf8 ws114\">2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>51<span class=\"_ _111\"> </span><span class=\"lsf6 ws10f\"> 2,4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>4 </span></span>Pension compensa<span class=\"_ _5\"/>tion<span class=\"_ _1b3\"> </span><span class=\"lsf1 ws10d\">295<span class=\"_ _53\"> </span><span class=\"lsf2 ws148\"> 327<span class=\"_ _6\"/> </span></span>Pension<span class=\"_ _2d3\"> </span><span class=\"lsf5 ws111\">179<span class=\"_ _1b7\"> </span><span class=\"lsee ws11e\"> 131<span class=\"_ _7\"/> </span></span>L<span class=\"_ _0\"/>TIP expense<span class=\"_ _1ca\"> </span><span class=\"lsf9 ws115\">4,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>0<span class=\"_ _19c\"> </span><span class=\"lsfc ws11b\"> 2,<span class=\"_ _6\"/>182<span class=\"_ _6\"/> </span></span>Fringe benefits<span class=\"_ _1ea\"> </span><span class=\"ls3e ws3a\">433<span class=\"_ _52\"> </span><span class=\"ls138 ws131\"> 366 </span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _2d3\"> </span><span class=\"lsfd ws119\">11,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>7<span class=\"_ _6\"/>8<span class=\"_ _3a\"> </span><span class=\"lsf3 ws10f\">8,950</span></span>In 2022 (and 2<span class=\"_ _5\"/>021<span class=\"_ _b\"/>) no transa<span class=\"_ _5\"/>ctions invol<span class=\"_ _5\"/>ving conflicts of in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t f<span class=\"_ _5\"/>or k<span class=\"_ _5\"/>ey managemen<span class=\"_ _5\"/>t personnel occurred which wer<span class=\"_ _5\"/>e mat<span class=\"_ _5\"/>erial t<span class=\"_ _5\"/>o the Compan<span class=\"_ _5\"/>y<span class=\"_ _b\"/>.<span class=\"_ _5\"/> In addition,<span class=\"_ _b\"/> the Company<span class=\"_ _5\"/> has not gr<span class=\"_ _5\"/>anted an<span class=\"_ _5\"/>y loans,<span class=\"_ _b\"/> advanc<span class=\"_ _5\"/>es or guarant<span class=\"_ _5\"/>ees t<span class=\"_ _5\"/>o key<span class=\"_ _5\"/> management<span class=\"_ _5\"/> personnel<span class=\"_ _6\"/>.T<span class=\"_ _b\"/>ransactions with pos<span class=\"_ _5\"/>t-employment<span class=\"_ _5\"/> benefit plansThe main post-emplo<span class=\"_ _5\"/>yment benefit plans ar<span class=\"_ _5\"/>e the pension funds o<span class=\"_ _5\"/>f EC Harris (ECH) and Hyder<span class=\"_ _5\"/> (AGPS).<span class=\"_ _5\"/> In 2022 <span class=\"_ _5\"/>the Company<span class=\"_ _5\"/> contribut<span class=\"_ _5\"/>ed \u20ac1.5 million (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac1.8 million) <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the plan of EC Harris,<span class=\"_ _0\"/> \u20ac3.6 million to <span class=\"_ _5\"/>the plan of<span class=\"_ _5\"/> Hyder (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac3.3 million),<span class=\"_ _b\"/> and nil to o<span class=\"_ _5\"/>ther defined benefit plans (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac0.2 million),<span class=\"_ _b\"/> see note 2<span class=\"_ _5\"/>8. T<span class=\"_ _b\"/>ransactions with L<span class=\"_ _5\"/>ovinklaan F<span class=\"_ _5\"/>oundationStichting L<span class=\"_ _5\"/>ovinklaan (Lo<span class=\"_ _5\"/>vinklaan Founda<span class=\"_ _5\"/>tion) is one of<span class=\"_ _5\"/> the main shareholders o<span class=\"_ _5\"/>f Ar<span class=\"_ _5\"/>cadis.<span class=\"_ _b\"/> The board o<span class=\"_ _5\"/>f the F<span class=\"_ _5\"/>oundation consists o<span class=\"_ _b\"/>f Arcadis empl<span class=\"_ _5\"/>oyees.<span class=\"_ _b\"/> The F<span class=\"_ _5\"/>oundation had an in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f 1<span class=\"_ _5\"/>8<span class=\"_ _6\"/>.2% in Ar<span class=\"_ _5\"/>cadis NV a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 18.0%).Other con<span class=\"_ _5\"/>tributions made by <span class=\"_ _5\"/>the Lovinklaan F<span class=\"_ _b\"/>oundation in 2022 <span class=\"_ _5\"/>to <span class=\"_ _5\"/>Arcadis rela<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to the <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>owing programs:\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Shel<span class=\"_ _5\"/>ter: \u20ac0.4 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac0.4 million) </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Quest: \u20ac0.0 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac0.1 million) </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Local Spark: \u20ac0.1 mil<span class=\"_ _5\"/>lion (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac0.1 million) </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Roo<span class=\"_ _5\"/>ts of <span class=\"_ _5\"/>Arcadis: \u20ac0.1 million (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac0.1 million) </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Expedition DNA: \u20ac0.3 million (202<span class=\"_ _b\"/>1: \u20ac0.5 mil<span class=\"_ _5\"/>lion) </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Skills Po<span class=\"_ _5\"/>wered Organisa<span class=\"_ _5\"/>tion: \u20ac0.3 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: nil)</span>In 2022 (and 2<span class=\"_ _5\"/>021<span class=\"_ _b\"/>) no other<span class=\"_ _5\"/> financial tr<span class=\"_ _5\"/>ansactions apar<span class=\"_ _6\"/>t fr<span class=\"_ _5\"/>om the above men<span class=\"_ _5\"/>tioned took<span class=\"_ _5\"/> place be<span class=\"_ _5\"/>tween the F<span class=\"_ _5\"/>oundation and the C<span class=\"_ _5\"/>ompany<span class=\"_ _b\"/>,<span class=\"_ _5\"/> ex<span class=\"_ _5\"/>cept<span class=\"_ _5\"/> for<span class=\"_ _5\"/> the dividends on the shar<span class=\"_ _5\"/>es.<span class=\"_ _5\"/> T<span class=\"_ _b\"/>ransactions with o<span class=\"_ _5\"/>ther rela<span class=\"_ _b\"/>ted partiesArcadis NV<span class=\"_ _5\"/> contribut<span class=\"_ _5\"/>ed \u20ac55,00<span class=\"_ _6\"/>0 to Stich<span class=\"_ _5\"/>ting Pref<span class=\"_ _5\"/>erent<span class=\"_ _5\"/>e Aandelen <span class=\"_ _5\"/>Arcadis NV (the <span class=\"_ _0\"/>\u2018Preferr<span class=\"_ _5\"/>ed Stock F<span class=\"_ _5\"/>oundation<span class=\"_ _5\"/>\u2019) in 2022 (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac57<span class=\"_ _0\"/>,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0) and \u20ac1,500 to Stich<span class=\"_ _5\"/>ting Prioriteit<span class=\"_ _5\"/> Arcadis NV<span class=\"_ _5\"/> (the <span class=\"_ _b\"/>\u2018Priority Share F<span class=\"_ _5\"/>oundation<span class=\"_ _5\"/>\u2019) (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac1,00<span class=\"_ _6\"/>0).<span class=\"_ _b\"/> See note 2<span class=\"_ _5\"/>6 f<span class=\"_ _5\"/>or further inf<span class=\"_ _5\"/>ormation on <span class=\"_ _5\"/>these founda<span class=\"_ _b\"/>tions.The contribution <span class=\"_ _5\"/>to Stich<span class=\"_ _5\"/>ting Bellevue amoun<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to \u20ac68,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0 (2021<span class=\"_ _b\"/>: \u20ac68<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0).<span class=\"_ _5\"/> SummaryA summary o<span class=\"_ _5\"/>f transa<span class=\"_ _5\"/>ctions with relat<span class=\"_ _b\"/>ed par<span class=\"_ _6\"/>ties (excluding K<span class=\"_ _5\"/>ey Mana<span class=\"_ _5\"/>gement Personnel) in <span class=\"_ _5\"/>the financial y<span class=\"_ _5\"/>ear is disclosed in the <span class=\"_ _5\"/>table below:T<span class=\"_ _b\"/>ransactions<span class=\"_ _6\"/> T<span class=\"_ _b\"/>ransactions with<span class=\"_ _6\"/> T<span class=\"_ _b\"/>ransactions<span class=\"_ _6\"/> with joint <span class=\"_ _9\"/><span class=\"ls3\"> </span>post-employ<span class=\"_ _5\"/>ee with associat<span class=\"_ _5\"/>esarrangementsbenefit plans<span class=\"_ _109\"> </span><span class=\"wsac\">Other</span>In \u20ac millions<span class=\"_ _34\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _108\"> </span></span>20<span class=\"_ _6\"/>21<span class=\"_ _63\"> </span><span class=\"ff1 fc1 ls10d ws12b\">2022<span class=\"_ _dd\"> </span></span>2021<span class=\"_ _ac\"> </span><span class=\"ff1 fc1 ls10d ws12b\">2022<span class=\"_ _dd\"> </span></span>2021<span class=\"_ _9f\"> </span><span class=\"ff1 fc1 ls10d ws12b\">20<span class=\"_ _6\"/>22<span class=\"_ _dd\"> </span></span>2021Sales (t<span class=\"_ _5\"/>o)<span class=\"_ _fc\"> </span><span class=\"ls6f ws77\">55.9<span class=\"_ _2c8\"> </span></span> 48.7 <span class=\"_ _19d\"> </span>245<span class=\"_ _6\"/>.<span class=\"_ _6\"/>0<span class=\"_ _213\"> </span> 2<span class=\"_ _6\"/>21.2<span class=\"_ _6\"/> <span class=\"_ _114\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _d2\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _e5\"> </span></span><span class=\"wsac\">0.9<span class=\"_ _4e\"> </span></span> 0.6<span class=\"_ _6\"/> Purchase (from)<span class=\"_ _e\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _b7\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _c3\"> </span></span><span class=\"wsac\">0.8<span class=\"_ _d0\"> </span></span> 0.6 <span class=\"_ _114\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _d2\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _d3\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _d2\"> </span> <span class=\"_ _4\"> </span>-   </span>Loans (t<span class=\"_ _5\"/>o)<span class=\"_ _12e\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _b6\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _194\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _d2\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _49\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _d2\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _d3\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _d2\"> </span> <span class=\"_ _4\"> </span>-   </span>Receiv<span class=\"_ _5\"/>ables (from)<span class=\"_ _2a\"> </span><span class=\"wsac\">2.8<span class=\"_ _2c9\"> </span></span> 2.0 <span class=\"_ _b3\"> </span>5.4<span class=\"_ _147\"> </span> 11<span class=\"_ _6\"/>.<span class=\"_ _7\"/>9<span class=\"_ _6\"/> <span class=\"_ _114\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _d0\"> </span></span> 0.2<span class=\"_ _6\"/> <span class=\"_ _b6\"> </span><span class=\"wsac\">0.2<span class=\"_ _4e\"> </span></span> 0.1 Payabl<span class=\"_ _5\"/>es (to)<span class=\"_ _246\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _b6\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _d4\"> </span></span>0.4<span class=\"_ _e3\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _194\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _d2\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _d3\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e0\"> </span> <span class=\"_ _4\"> </span>-   </span>Impairment o<span class=\"_ _5\"/>f loans (t<span class=\"_ _5\"/>o)<span class=\"_ _143\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _b6\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _49\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _d2\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _194\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _d2\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _d3\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e0\"> </span> <span class=\"_ _4\"> </span>-   </span>Dividends received (fr<span class=\"_ _5\"/>om)<span class=\"_ _263\"> </span><span class=\"lsec ws108\">10<span class=\"_ _6\"/>.5<span class=\"_ _2c9\"> </span></span> 0.4 <span class=\"_ _114\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _d2\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _49\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _d2\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _55\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e0\"> </span> <span class=\"_ _4\"> </span>-   </span>Provision <span class=\"_ _5\"/>for bad deb<span class=\"_ _5\"/>ts relat<span class=\"_ _5\"/>ed to outs<span class=\"_ _5\"/>tanding balances<span class=\"_ _18\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _b6\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _49\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _d0\"> </span></span> 0.3 <span class=\"_ _114\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _d2\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _d3\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _d2\"> </span> <span class=\"_ _c\"> </span>-   </span>Rela<span class=\"_ _5\"/>ted expenses t<span class=\"_ _5\"/>o these bad or<span class=\"_ _5\"/> doubtful debts<span class=\"_ _e4\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _b6\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _194\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _d2\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _49\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e0\"> </span> <span class=\"_ _7\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _d3\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _d2\"> </span> <span class=\"_ _4\"> </span>-   </span>Provision <span class=\"_ _5\"/>for outstanding l<span class=\"_ _5\"/>oan balances<span class=\"_ _9d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _b7\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _49\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e0\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _49\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _d2\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _d3\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _d2\"> </span> <span class=\"_ _4\"> </span>-   </span>T<span class=\"_ _b\"/>ransfer o<span class=\"_ _5\"/>f pension premiums and cos<span class=\"_ _5\"/>t changes<span class=\"_ _db\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _b6\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _194\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _d2\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _e0\"> </span></span>0.3<span class=\"_ _d8\"> </span> 1.1<span class=\"_ _6\"/> <span class=\"_ _e0\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _d0\"> </span></span> 0.2Contributions<span class=\"_ _273\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _b7\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _49\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e0\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e0\"> </span></span>5.1<span class=\"_ _4e\"> </span><span class=\"ws1\"> 5.3 <span class=\"_ _b6\"> </span></span>0.4<span class=\"_ _4e\"> </span><span class=\"lsfc ws11b\"> 1.2<span class=\"_ _6\"/> </span>35 <span class=\"_ _2\"> </span>Even<span class=\"_ _5\"/>ts after<span class=\"_ _5\"/> the ba<span class=\"_ _5\"/>lance sheet<span class=\"_ _5\"/> dat<span class=\"_ _b\"/>eA subsequent<span class=\"_ _5\"/> event<span class=\"_ _5\"/> is a fav<span class=\"_ _5\"/>orable or un<span class=\"_ _5\"/>favor<span class=\"_ _5\"/>able event,<span class=\"_ _b\"/> tha<span class=\"_ _5\"/>t occurs between <span class=\"_ _5\"/>the reporting date and <span class=\"_ _5\"/>the date <span class=\"_ _5\"/>that <span class=\"_ _5\"/>the financial stat<span class=\"_ _5\"/>ements are authoriz<span class=\"_ _5\"/>ed for issue<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Even<span class=\"_ _5\"/>ts after <span class=\"_ _5\"/>the reporting date tha<span class=\"_ _5\"/>t pro<span class=\"_ _5\"/>vide evidence of<span class=\"_ _5\"/> conditions tha<span class=\"_ _5\"/>t exist<span class=\"_ _5\"/>ed at <span class=\"_ _5\"/>the reporting date are a<span class=\"_ _5\"/>djusted <span class=\"_ _5\"/>within the financial sta<span class=\"_ _5\"/>tements.<span class=\"_ _b\"/> Even<span class=\"_ _5\"/>ts that ar<span class=\"_ _5\"/>e indicative o<span class=\"_ _5\"/>f a condition <span class=\"_ _5\"/>that arose after<span class=\"_ _5\"/> the reporting dat<span class=\"_ _5\"/>e of a ma<span class=\"_ _5\"/>terial siz<span class=\"_ _5\"/>e or natur<span class=\"_ _5\"/>e are disclosed below<span class=\"_ _b\"/>.There are no ma<span class=\"_ _5\"/>teria<span class=\"_ _5\"/>l subsequent ev<span class=\"_ _5\"/>ents,<span class=\"_ _b\"/> that<span class=\"_ _5\"/> would ha<span class=\"_ _b\"/>ve changed the judgement and ana<span class=\"_ _5\"/>ly<span class=\"_ _5\"/>sis by management<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the financial condition o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the Company a<span class=\"_ _b\"/>t 31 December<span class=\"_ _5\"/> 2022<span class=\"_ _5\"/>,<span class=\"_ _5\"/> or the r<span class=\"_ _5\"/>esult<span class=\"_ _5\"/> f<span class=\"_ _5\"/>or 2022<span class=\"_ _5\"/>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__94": {
   "value": "Arcadis NV",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__16": {
   "value": "Arcadis NV",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__8": {
   "value": "Arcadis NV",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__17": {
   "value": "public company",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__15": {
   "value": "Amsterdam",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__9": {
   "value": "Amsterdam",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__11": {
   "value": "Gustav Mahlerplein 971082 MS AmsterdamThe Netherlands",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__10": {
   "value": "Netherlands",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__12": {
   "value": "gl<span class=\"_ _5\"/>obal Design &amp; Consul<span class=\"_ _b\"/>tanc<span class=\"_ _6\"/>y firm f<span class=\"_ _5\"/>or na<span class=\"_ _5\"/>tural and buil<span class=\"_ _b\"/>t assets",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__95-1": {
   "value": "Sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f complianceThe Consolida<span class=\"_ _5\"/>ted financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements hav<span class=\"_ _5\"/>e been prepared in ac<span class=\"_ _5\"/>cordance <span class=\"_ _5\"/>with Interna<span class=\"_ _b\"/>tional Financial Reporting Standards (IFRSs) as a<span class=\"_ _5\"/>dopted b<span class=\"_ _5\"/>y the Eur<span class=\"_ _5\"/>opean Union and in conf<span class=\"_ _5\"/>ormity with Part 9 o<span class=\"_ _5\"/>f Book 2 o<span class=\"_ _5\"/>f the Dutch Civil C<span class=\"_ _5\"/>ode.<span class=\"_ _b\"/> In accor<span class=\"_ _5\"/>dance with sub 8 o<span class=\"_ _5\"/>f article 362,<span class=\"_ _b\"/> Book 2 of<span class=\"_ _5\"/> the Dut<span class=\"_ _5\"/>ch Civil Code,<span class=\"_ _b\"/> the C<span class=\"_ _5\"/>ompany financial sta<span class=\"_ _5\"/>tements ar<span class=\"_ _5\"/>e prepared based on the a<span class=\"_ _5\"/>ccounting principl<span class=\"_ _5\"/>es of r<span class=\"_ _5\"/>ecognition,<span class=\"_ _b\"/> measurement and det<span class=\"_ _5\"/>ermination o<span class=\"_ _5\"/>f pro<span class=\"_ _5\"/>fit,<span class=\"_ _5\"/> as applied in the Consolida<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>financial stat<span class=\"_ _5\"/>ements.<span class=\"_ _b\"/> These principles a<span class=\"_ _5\"/>lso include the classification and presen<span class=\"_ _5\"/>tation o<span class=\"_ _5\"/>f financial instrumen<span class=\"_ _5\"/>ts,<span class=\"_ _b\"/> being equity instruments or <span class=\"_ _5\"/>financial liabilities.The Consolida<span class=\"_ _5\"/>ted financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements w<span class=\"_ _5\"/>ere authorized f<span class=\"_ _5\"/>or issue by<span class=\"_ _5\"/> the Ex<span class=\"_ _5\"/>ecutive Board and Supervisor<span class=\"_ _6\"/>y Board on 1<span class=\"_ _5\"/>6 February 20<span class=\"_ _5\"/>23.<span class=\"_ _b\"/> The Consolida<span class=\"_ _5\"/>ted financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements as present<span class=\"_ _5\"/>ed in this Annua<span class=\"_ _5\"/>l Integr<span class=\"_ _5\"/>at<span class=\"_ _5\"/>ed Report are subject <span class=\"_ _5\"/>to adop<span class=\"_ _5\"/>tion by <span class=\"_ _5\"/>the General Mee<span class=\"_ _5\"/>ting of Shar<span class=\"_ _5\"/>eholders,<span class=\"_ _b\"/> to be hel<span class=\"_ _5\"/>d on 1<span class=\"_ _5\"/>2 May 2<span class=\"_ _5\"/>023.Basis of<span class=\"_ _5\"/> measurementThe Consolida<span class=\"_ _5\"/>ted financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements hav<span class=\"_ _5\"/>e been prepared on hist<span class=\"_ _b\"/>orical cost basis,<span class=\"_ _0\"/> excep<span class=\"_ _5\"/>t f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>the fol<span class=\"_ _5\"/>lowing items,<span class=\"_ _0\"/> which are measured a<span class=\"_ _5\"/>t a differen<span class=\"_ _5\"/>t basis on each r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting dat<span class=\"_ _5\"/>e:\u2022 <span class=\"_ _44\"> </span><span class=\"fc6 ws1\">derivativ<span class=\"_ _5\"/>e financial instruments and shar<span class=\"_ _5\"/>e-based compensation arrangemen<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> which are measur<span class=\"_ _5\"/>ed at </span>fair valu<span class=\"_ _6\"/>e;\u2022 <span class=\"_ _44\"> </span><span class=\"fc6 ws1\">net defined benefit<span class=\"_ _5\"/> (asset)/liability<span class=\"_ _5\"/>,<span class=\"_ _b\"/> which is measured at<span class=\"_ _5\"/> the f<span class=\"_ _5\"/>air v<span class=\"_ _5\"/>alue o<span class=\"_ _5\"/>f plan assets less <span class=\"_ _5\"/>the present </span>val<span class=\"_ _5\"/>ue of <span class=\"_ _5\"/>the defined benefit obliga<span class=\"_ _5\"/>tion; \u2022 <span class=\"_ _44\"> </span><span class=\"fc6 ws1\">contingent<span class=\"_ _5\"/> considera<span class=\"_ _5\"/>tion assumed in a business combination,<span class=\"_ _0\"/> which is measured at<span class=\"_ _5\"/> fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue; and </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6 ws1\">financial assets at<span class=\"_ _5\"/> fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue through pro<span class=\"_ _b\"/>f<span class=\"_ _6\"/>it or l<span class=\"_ _5\"/>oss,<span class=\"_ _5\"/> which are measur<span class=\"_ _5\"/>ed at<span class=\"_ _5\"/> fair <span class=\"_ _5\"/>val<span class=\"_ _5\"/>ue.</span>F<span class=\"_ _5\"/>or more detail<span class=\"_ _5\"/>ed informa<span class=\"_ _5\"/>tion on the measuremen<span class=\"_ _5\"/>t basis,<span class=\"_ _b\"/> ref<span class=\"_ _5\"/>erence is made <span class=\"_ _5\"/>to the significant<span class=\"_ _5\"/> accoun<span class=\"_ _5\"/>ting policies as included in the r<span class=\"_ _5\"/>elevan<span class=\"_ _5\"/>t not<span class=\"_ _b\"/>es to the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed financial sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>ts.Basis of<span class=\"_ _5\"/> consolida<span class=\"_ _5\"/>tionThe Consolida<span class=\"_ _5\"/>ted financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements include <span class=\"_ _5\"/>the accoun<span class=\"_ _5\"/>ts of <span class=\"_ _5\"/>Arcadis NV and its subsidiaries,<span class=\"_ _0\"/> and the Company\u2019s in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>ts in jointl<span class=\"_ _5\"/>y contr<span class=\"_ _5\"/>olled entities and associa<span class=\"_ _b\"/>tes.<span class=\"_ _b\"/> Intra-group balanc<span class=\"_ _5\"/>es and transactions,<span class=\"_ _b\"/> any unrealiz<span class=\"_ _5\"/>ed gains and losses or income and e<span class=\"_ _5\"/>xpenses arising from intr<span class=\"_ _5\"/>a-group tr<span class=\"_ _5\"/>ansactions are eliminat<span class=\"_ _5\"/>ed in preparing the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed financial sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> Unrealiz<span class=\"_ _5\"/>ed gains arising from tr<span class=\"_ _5\"/>ansactions with associa<span class=\"_ _5\"/>tes and joint <span class=\"_ _5\"/>ventures ar<span class=\"_ _5\"/>e eliminat<span class=\"_ _5\"/>ed against<span class=\"_ _5\"/> the inves<span class=\"_ _5\"/>tment t<span class=\"_ _b\"/>o the exten<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> the Compan<span class=\"_ _5\"/>y\u2019s inter<span class=\"_ _5\"/>est in <span class=\"_ _5\"/>the<span class=\"_ _6\"/> inves<span class=\"_ _5\"/>tee.<span class=\"_ _0\"/> Unrealized losses ar<span class=\"_ _5\"/>e eliminat<span class=\"_ _5\"/>ed in the same wa<span class=\"_ _b\"/>y as unrealized gains,<span class=\"_ _0\"/> but only<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o the ext<span class=\"_ _5\"/>ent tha<span class=\"_ _b\"/>t there is no evidenc<span class=\"_ _5\"/>e of impairmen<span class=\"_ _5\"/>t.F<span class=\"_ _5\"/>oreign currenciesFunctional and reporting currencyThe Consolida<span class=\"_ _5\"/>ted financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements are presen<span class=\"_ _5\"/>ted in euros,<span class=\"_ _0\"/> which is the Compan<span class=\"_ _5\"/>y\u2019s functional and reporting currency<span class=\"_ _b\"/>.<span class=\"_ _5\"/> All amounts sho<span class=\"_ _5\"/>wn in the financial s<span class=\"_ _5\"/>tatemen<span class=\"_ _5\"/>ts are in thousands o<span class=\"_ _5\"/>f euros unl<span class=\"_ _5\"/>ess otherwise<span class=\"_ _6\"/> sta<span class=\"_ _5\"/>ted.<span class=\"_ _b\"/> Items included in <span class=\"_ _5\"/>the financial inf<span class=\"_ _5\"/>ormation o<span class=\"_ _5\"/>f each o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>Arcadis\u2019<span class=\"_ _0\"/> entities are measured using the curr<span class=\"_ _5\"/>ency of<span class=\"_ _5\"/> the primary economic envir<span class=\"_ _5\"/>onment in which <span class=\"_ _5\"/>the entity oper<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es (the functional currency).<span class=\"_ _b\"/> If the <span class=\"_ _5\"/>functional<span class=\"_ _6\"/> currency o<span class=\"_ _5\"/>f a (for<span class=\"_ _5\"/>eign) subsidiary<span class=\"_ _5\"/>,<span class=\"_ _5\"/> joint <span class=\"_ _5\"/>venture or<span class=\"_ _5\"/> associat<span class=\"_ _5\"/>e is not<span class=\"_ _5\"/> the euro<span class=\"_ _5\"/>,<span class=\"_ _5\"/> f<span class=\"_ _5\"/>oreign currency ex<span class=\"_ _b\"/>change<span class=\"_ _6\"/> differenc<span class=\"_ _5\"/>es arising from tr<span class=\"_ _5\"/>anslation are r<span class=\"_ _5\"/>ecognized as <span class=\"_ _5\"/>translation diff<span class=\"_ _5\"/>erences in Other c<span class=\"_ _5\"/>omprehensive income and present<span class=\"_ _5\"/>ed in the T<span class=\"_ _0\"/>ranslation reserve in equity<span class=\"_ _b\"/>.F<span class=\"_ _5\"/>oreign currency transactions T<span class=\"_ _b\"/>ransactions in f<span class=\"_ _5\"/>oreign currencies are <span class=\"_ _5\"/>translat<span class=\"_ _5\"/>ed int<span class=\"_ _5\"/>o the functional currency<span class=\"_ _5\"/> of en<span class=\"_ _5\"/>tities using the f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>e at<span class=\"_ _5\"/> transaction da<span class=\"_ _5\"/>te<span class=\"_ _5\"/>.<span class=\"_ _5\"/> The functional curr<span class=\"_ _5\"/>ency of<span class=\"_ _5\"/> the f<span class=\"_ _5\"/>oreign entities is in genera<span class=\"_ _5\"/>l the loca<span class=\"_ _5\"/>l currency<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Monetary assets and liabilities denomina<span class=\"_ _5\"/>ted in f<span class=\"_ _5\"/>oreign currencies ar<span class=\"_ _5\"/>e transla<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to the <span class=\"_ _5\"/>functional currency o<span class=\"_ _5\"/>f the en<span class=\"_ _5\"/>tity using the ex<span class=\"_ _b\"/>change rates a<span class=\"_ _b\"/>t the balance shee<span class=\"_ _5\"/>t da<span class=\"_ _5\"/>te.Exchange r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e differences ar<span class=\"_ _5\"/>e included in pro<span class=\"_ _5\"/>fit or loss.<span class=\"_ _b\"/> Non-monetary assets and liabilities tha<span class=\"_ _b\"/>t are measured a<span class=\"_ _5\"/>t fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue in a f<span class=\"_ _5\"/>oreign currency ar<span class=\"_ _5\"/>e transla<span class=\"_ _5\"/>ted int<span class=\"_ _5\"/>o the functional curr<span class=\"_ _5\"/>ency at<span class=\"_ _5\"/> the ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>e when the <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue w<span class=\"_ _5\"/>as determined.<span class=\"_ _0\"/> Non-monetar<span class=\"_ _6\"/>y it<span class=\"_ _5\"/>ems that<span class=\"_ _5\"/> are measured based on his<span class=\"_ _5\"/>torical c<span class=\"_ _5\"/>ost in a for<span class=\"_ _5\"/>eign currency are tr<span class=\"_ _5\"/>anslat<span class=\"_ _5\"/>ed at<span class=\"_ _5\"/> the ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>e at<span class=\"_ _5\"/> the dat<span class=\"_ _b\"/>e of the <span class=\"_ _5\"/>transaction.F<span class=\"_ _5\"/>oreign operationsThe assets and liabilities o<span class=\"_ _5\"/>f f<span class=\"_ _5\"/>oreign opera<span class=\"_ _5\"/>tions,<span class=\"_ _b\"/> including Goodwill and fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue adjustmen<span class=\"_ _5\"/>ts arising on<span class=\"_ _6\"/> acquisitions,<span class=\"_ _0\"/> are transla<span class=\"_ _5\"/>ted t<span class=\"_ _b\"/>o euros at e<span class=\"_ _5\"/>xchange ra<span class=\"_ _5\"/>tes a<span class=\"_ _5\"/>t the r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The income and e<span class=\"_ _5\"/>xpenses of for<span class=\"_ _5\"/>eign operations ar<span class=\"_ _5\"/>e transla<span class=\"_ _5\"/>ted int<span class=\"_ _5\"/>o euros using a<span class=\"_ _5\"/>verage e<span class=\"_ _5\"/>xchange ra<span class=\"_ _5\"/>tes,<span class=\"_ _0\"/> approximating <span class=\"_ _5\"/>the f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>es at<span class=\"_ _5\"/> transaction da<span class=\"_ _5\"/>te<span class=\"_ _5\"/>.T<span class=\"_ _b\"/>ranslation differ<span class=\"_ _5\"/>ences are rec<span class=\"_ _5\"/>ognized in Other compr<span class=\"_ _5\"/>ehensive income and presen<span class=\"_ _5\"/>ted in <span class=\"_ _5\"/>the T<span class=\"_ _b\"/>ranslation reserve in Equity<span class=\"_ _b\"/>.<span class=\"_ _b\"/> For subsidiaries no<span class=\"_ _5\"/>t <span class=\"_ _5\"/>wholl<span class=\"_ _5\"/>y owned,<span class=\"_ _b\"/> the rel<span class=\"_ _5\"/>evant<span class=\"_ _5\"/> proportionate shar<span class=\"_ _5\"/>e of <span class=\"_ _5\"/>the transla<span class=\"_ _5\"/>tion differenc<span class=\"_ _5\"/>e is alloca<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to the non-con<span class=\"_ _5\"/>trolling int<span class=\"_ _5\"/>erests.<span class=\"_ _0\"/> When a for<span class=\"_ _5\"/>eign operation is disposed o<span class=\"_ _5\"/>f<span class=\"_ _b\"/>,<span class=\"_ _5\"/> in part or in full,<span class=\"_ _b\"/> the relev<span class=\"_ _5\"/>ant amoun<span class=\"_ _5\"/>t in the T<span class=\"_ _0\"/>ranslation reserve is <span class=\"_ _5\"/>transf<span class=\"_ _5\"/>erred t<span class=\"_ _5\"/>o profit or<span class=\"_ _5\"/> loss as part of<span class=\"_ _5\"/> the gain or l<span class=\"_ _5\"/>oss<span class=\"_ _6\"/> on disposal.Accoun<span class=\"_ _5\"/>ting estima<span class=\"_ _5\"/>tes and managemen<span class=\"_ _5\"/>t judgementsThe prepara<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the Consolida<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>financial stat<span class=\"_ _5\"/>ements requir<span class=\"_ _5\"/>es management <span class=\"_ _5\"/>to mak<span class=\"_ _5\"/>e judgements,<span class=\"_ _b\"/> estima<span class=\"_ _5\"/>tes and assump<span class=\"_ _5\"/>tions that<span class=\"_ _5\"/> affect <span class=\"_ _5\"/>the application o<span class=\"_ _5\"/>f acc<span class=\"_ _5\"/>ounting policies and the reported amoun<span class=\"_ _5\"/>ts of assets,<span class=\"_ _b\"/> liabilities,<span class=\"_ _b\"/> income and expenses as wel<span class=\"_ _5\"/>l as the inf<span class=\"_ _5\"/>ormation disclosed.<span class=\"_ _0\"/> The most significant<span class=\"_ _5\"/> accoun<span class=\"_ _5\"/>ting estima<span class=\"_ _5\"/>tes and managemen<span class=\"_ _5\"/>t judgments are r<span class=\"_ _5\"/>elat<span class=\"_ _5\"/>ed to:\u2022 <span class=\"_ _44\"> </span><span class=\"fc6 wse7\"> Rev<span class=\"_ _5\"/>enue <span class=\"_ _2\"> </span>recognit<span class=\"ws1\">ion (\u2018<span class=\"_ _5\"/>cost<span class=\"_ _5\"/> to c<span class=\"_ _5\"/>omplet<span class=\"_ _5\"/>e\u2019) and es<span class=\"_ _5\"/>timat<span class=\"_ _5\"/>e of <span class=\"_ _5\"/>the variabl<span class=\"_ _5\"/>e consideration <span class=\"_ _0\"/>\u2013<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 7<span class=\"_ _5\"/>;</span></span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Goodwill impairment<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>ting and assumptions underl<span class=\"_ _b\"/>ying recover<span class=\"_ _5\"/>able amount <span class=\"_ _0\"/>\u2013<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 14<span class=\"_ _5\"/>;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Purchase price a<span class=\"_ _5\"/>lloca<span class=\"_ _5\"/>tion <span class=\"_ _5\"/>\u2013<span class=\"_ _b\"/> see note 6<span class=\"_ _5\"/>;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Segment r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 5;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Def<span class=\"_ _5\"/>erred tax rec<span class=\"_ _5\"/>ognition and uncertain tax trea<span class=\"_ _b\"/>tments <span class=\"_ _5\"/>\u2013<span class=\"_ _b\"/> see note 1<span class=\"_ _b\"/>2;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Leases-<span class=\"_ _b\"/> estima<span class=\"_ _5\"/>ting the incrementa<span class=\"_ _5\"/>l borrowing ra<span class=\"_ _5\"/>te <span class=\"_ _0\"/>\u2013<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 16;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Reco<span class=\"_ _5\"/>verability o<span class=\"_ _b\"/>f trade r<span class=\"_ _5\"/>eceivables <span class=\"_ _0\"/>\u2013<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 21<span class=\"_ _b\"/>;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Contr<span class=\"_ _5\"/>act assets (unbill<span class=\"_ _5\"/>ed receivabl<span class=\"_ _5\"/>es),<span class=\"_ _b\"/> contract liabilities (bil<span class=\"_ _5\"/>ling in exc<span class=\"_ _5\"/>ess of r<span class=\"_ _5\"/>evenue) and pro<span class=\"_ _5\"/>visions </span>for<span class=\"_ _5\"/> onerous contr<span class=\"_ _5\"/>acts <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 22;\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Provisions <span class=\"_ _5\"/>for de<span class=\"_ _5\"/>fined benefit pension obligations <span class=\"_ _0\"/>\u2013<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 28;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Recognition and measur<span class=\"_ _5\"/>ement o<span class=\"_ _5\"/>f pro<span class=\"_ _5\"/>visions: key<span class=\"_ _5\"/> assumptions about <span class=\"_ _5\"/>the likelihood and ma<span class=\"_ _5\"/>gnitude of </span>an outflow o<span class=\"_ _b\"/>f resources <span class=\"_ _0\"/>\u2013<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 29;\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Going concern <span class=\"_ _0\"/>-<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 32.</span>The acc<span class=\"_ _5\"/>ounting estima<span class=\"_ _5\"/>tes and judgements in pr<span class=\"_ _5\"/>eparing the Consolida<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>financial stat<span class=\"_ _5\"/>ements are <span class=\"_ _5\"/>fur<span class=\"_ _6\"/>ther explained in the r<span class=\"_ _5\"/>elevan<span class=\"_ _5\"/>t not<span class=\"_ _b\"/>es to the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed financial sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> In general,<span class=\"_ _b\"/> the judgements,<span class=\"_ _b\"/> estima<span class=\"_ _5\"/>tes and assump<span class=\"_ _5\"/>tions are based on marke<span class=\"_ _5\"/>t inf<span class=\"_ _5\"/>ormation,<span class=\"_ _b\"/> knowledge<span class=\"_ _5\"/>,<span class=\"_ _5\"/> hist<span class=\"_ _5\"/>orical experience and o<span class=\"_ _5\"/>ther fact<span class=\"_ _5\"/>ors that<span class=\"_ _5\"/> management<span class=\"_ _5\"/> believes t<span class=\"_ _5\"/>o be reasonable under<span class=\"_ _5\"/> the circumstanc<span class=\"_ _5\"/>es.<span class=\"_ _b\"/> Actual resul<span class=\"_ _5\"/>ts may diff<span class=\"_ _5\"/>er fr<span class=\"_ _5\"/>om these estima<span class=\"_ _5\"/>tes.Judgements,<span class=\"_ _b\"/> estimat<span class=\"_ _b\"/>es and underlying assumptions ar<span class=\"_ _5\"/>e review<span class=\"_ _5\"/>ed on an ongoing basis.<span class=\"_ _b\"/> Revisions t<span class=\"_ _5\"/>o acc<span class=\"_ _5\"/>ounting estima<span class=\"_ _5\"/>tes are r<span class=\"_ _5\"/>ecognized in the period in <span class=\"_ _5\"/>which the estima<span class=\"_ _5\"/>te is re<span class=\"_ _5\"/>vised and in any <span class=\"_ _5\"/>future periods affect<span class=\"_ _5\"/>ed.ImpairmentThe carrying amounts of <span class=\"_ _5\"/>the assets of<span class=\"_ _5\"/> Arca<span class=\"_ _5\"/>dis,<span class=\"_ _b\"/> other than C<span class=\"_ _5\"/>ontract<span class=\"_ _5\"/> assets and liabilities,<span class=\"_ _b\"/> Deferred <span class=\"_ _5\"/>tax assets and Financial instrumen<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> are re<span class=\"_ _5\"/>viewed a<span class=\"_ _5\"/>t each reporting dat<span class=\"_ _b\"/>e to det<span class=\"_ _5\"/>ermine whether<span class=\"_ _5\"/> there is any<span class=\"_ _5\"/> indication of<span class=\"_ _5\"/> impairment.<span class=\"_ _b\"/> If such indication e<span class=\"_ _5\"/>xists,<span class=\"_ _b\"/> then the assets r<span class=\"_ _5\"/>ecover<span class=\"_ _5\"/>able amount is es<span class=\"_ _5\"/>timat<span class=\"_ _5\"/>ed.<span class=\"_ _b\"/> Goodwill and other assets tha<span class=\"_ _b\"/>t have an inde<span class=\"_ _5\"/>finite useful lif<span class=\"_ _5\"/>e are t<span class=\"_ _5\"/>ested annua<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y f<span class=\"_ _5\"/>or impairment,<span class=\"_ _b\"/> and when an impairment<span class=\"_ _5\"/> trigger is identified.F<span class=\"_ _5\"/>or impairment <span class=\"_ _5\"/>testing,<span class=\"_ _0\"/> assets are grouped t<span class=\"_ _b\"/>ogether int<span class=\"_ _5\"/>o the small<span class=\"_ _5\"/>est group o<span class=\"_ _b\"/>f assets tha<span class=\"_ _5\"/>t genera<span class=\"_ _5\"/>tes cash inflow<span class=\"_ _5\"/>s from con<span class=\"_ _5\"/>tinuing use that<span class=\"_ _5\"/> are largel<span class=\"_ _b\"/>y independent o<span class=\"_ _5\"/>f the cash in<span class=\"_ _5\"/>flows o<span class=\"_ _5\"/>f other<span class=\"_ _5\"/> assets or cash-genera<span class=\"_ _5\"/>ting units (CGUs).<span class=\"_ _5\"/> Goodwill arising fr<span class=\"_ _5\"/>om a business combination is a<span class=\"_ _5\"/>lloca<span class=\"_ _5\"/>ted t<span class=\"_ _b\"/>o Groups of CGUs <span class=\"_ _5\"/>that are expect<span class=\"_ _5\"/>ed to bene<span class=\"_ _5\"/>fit from <span class=\"_ _5\"/>the synergies o<span class=\"_ _5\"/>f the c<span class=\"_ _5\"/>ombination.The reco<span class=\"_ _5\"/>verable amoun<span class=\"_ _5\"/>t is the grea<span class=\"_ _b\"/>ter o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue less c<span class=\"_ _5\"/>osts t<span class=\"_ _5\"/>o sell and v<span class=\"_ _5\"/>alue in use.<span class=\"_ _0\"/> In assessing the val<span class=\"_ _5\"/>ue in use,<span class=\"_ _b\"/> estimat<span class=\"_ _5\"/>ed future cash <span class=\"_ _5\"/>flows are disc<span class=\"_ _5\"/>ounted <span class=\"_ _5\"/>to presen<span class=\"_ _5\"/>t v<span class=\"_ _5\"/>alues using a discoun<span class=\"_ _5\"/>t ra<span class=\"_ _5\"/>te tha<span class=\"_ _b\"/>t reflects current<span class=\"_ _5\"/> market<span class=\"_ _5\"/> assessments of<span class=\"_ _5\"/> the time <span class=\"_ _5\"/>val<span class=\"_ _5\"/>ue of mone<span class=\"_ _5\"/>y and the risks specific t<span class=\"_ _5\"/>o the asset.<span class=\"_ _0\"/> An impairment loss is rec<span class=\"_ _5\"/>ognized whenev<span class=\"_ _5\"/>er the carrying amount o<span class=\"_ _5\"/>f an asset<span class=\"_ _5\"/> or its CGU ex<span class=\"_ _5\"/>ceeds its rec<span class=\"_ _5\"/>overabl<span class=\"_ _5\"/>e amount.Impairment l<span class=\"_ _5\"/>osses are recogniz<span class=\"_ _5\"/>ed in the income sta<span class=\"_ _b\"/>tement.<span class=\"_ _b\"/> Impairment losses r<span class=\"_ _5\"/>ecognized regar<span class=\"_ _5\"/>ding CGUs are al<span class=\"_ _5\"/>locat<span class=\"_ _5\"/>ed first <span class=\"_ _5\"/>to r<span class=\"_ _5\"/>educe the carrying amount o<span class=\"_ _5\"/>f any<span class=\"_ _5\"/> goodwill all<span class=\"_ _5\"/>ocat<span class=\"_ _5\"/>ed to CGUs and <span class=\"_ _5\"/>then to r<span class=\"_ _5\"/>educe the carrying amount of<span class=\"_ _5\"/> the o<span class=\"_ _5\"/>ther assets in the unit<span class=\"_ _5\"/> on a pro-rata basis.An impairment l<span class=\"_ _5\"/>oss of goodwil<span class=\"_ _5\"/>l is not<span class=\"_ _5\"/> reversed.<span class=\"_ _0\"/> Regarding other<span class=\"_ _5\"/> assets,<span class=\"_ _b\"/> an impairment loss can be r<span class=\"_ _5\"/>eversed if there has been a change in the es<span class=\"_ _5\"/>timat<span class=\"_ _5\"/>es used to de<span class=\"_ _5\"/>termine <span class=\"_ _5\"/>the recov<span class=\"_ _5\"/>erable amount.<span class=\"_ _b\"/> An impairment<span class=\"_ _5\"/> loss is rev<span class=\"_ _5\"/>ersed only<span class=\"_ _5\"/> to <span class=\"_ _5\"/>the ext<span class=\"_ _5\"/>ent tha<span class=\"_ _b\"/>t the asset\u2019s carrying amount<span class=\"_ _5\"/> does not e<span class=\"_ _5\"/>xceed <span class=\"_ _5\"/>the carr<span class=\"_ _6\"/>ying amount <span class=\"_ _5\"/>that<span class=\"_ _5\"/> would hav<span class=\"_ _5\"/>e been determined,<span class=\"_ _0\"/> net of<span class=\"_ _5\"/> depreciation or<span class=\"_ _5\"/> amortization,<span class=\"_ _b\"/> if no impairment l<span class=\"_ _5\"/>oss had been recognized.Financial instrumen<span class=\"_ _5\"/>tsNon-derivativ<span class=\"_ _5\"/>e financial <span class=\"_ _6\"/>assetsFinancial assets incl<span class=\"_ _5\"/>ude trade r<span class=\"_ _5\"/>eceivables,<span class=\"_ _0\"/> other rec<span class=\"_ _5\"/>eivables and loans and borr<span class=\"_ _5\"/>owings.<span class=\"_ _b\"/> Loans,<span class=\"_ _b\"/> receivables,<span class=\"_ _b\"/> and deposits are rec<span class=\"_ _5\"/>ognized on the da<span class=\"_ _5\"/>te the<span class=\"_ _5\"/>y are origina<span class=\"_ _5\"/>ted.<span class=\"_ _0\"/> All other<span class=\"_ _5\"/> financial assets are r<span class=\"_ _5\"/>ecognized initial<span class=\"_ _5\"/>ly on tra<span class=\"_ _5\"/>de dat<span class=\"_ _5\"/>e when the C<span class=\"_ _5\"/>ompany becomes a party <span class=\"_ _5\"/>to the c<span class=\"_ _5\"/>ontractual pr<span class=\"_ _5\"/>ovisions of<span class=\"_ _5\"/> the instrumen<span class=\"_ _5\"/>t.<span class=\"_ _5\"/> Financial assets are der<span class=\"_ _5\"/>ecognized when <span class=\"_ _5\"/>the rights t<span class=\"_ _5\"/>o receiv<span class=\"_ _5\"/>e cash flows <span class=\"_ _5\"/>from the <span class=\"_ _5\"/>financial assets hav<span class=\"_ _5\"/>e expired or ha<span class=\"_ _5\"/>ve been trans<span class=\"_ _5\"/>ferred and <span class=\"_ _5\"/>the Group has tr<span class=\"_ _5\"/>ansferr<span class=\"_ _5\"/>ed substantial<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> all the risks and r<span class=\"_ _5\"/>ewards o<span class=\"_ _5\"/>f ownership<span class=\"_ _5\"/>.<span class=\"_ _5\"/> All financial ins<span class=\"_ _5\"/>truments are initial<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> measured at<span class=\"_ _5\"/> fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue plus or minus,<span class=\"_ _0\"/> in the case of a <span class=\"_ _5\"/>financial asset no<span class=\"_ _5\"/>t at<span class=\"_ _5\"/> fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue through pro<span class=\"_ _b\"/>f<span class=\"_ _6\"/>it or l<span class=\"_ _5\"/>oss,<span class=\"_ _5\"/> transa<span class=\"_ _5\"/>ction costs.<span class=\"_ _b\"/> The Group classifies its financial assets as <span class=\"_ _5\"/>those t<span class=\"_ _5\"/>o be measured subsequentl<span class=\"_ _b\"/>y at<span class=\"_ _5\"/> fair <span class=\"_ _5\"/>value (either<span class=\"_ _5\"/> through Other<span class=\"_ _5\"/> comprehensive inc<span class=\"_ _5\"/>ome or thr<span class=\"_ _5\"/>ough profit or<span class=\"_ _5\"/> loss) or <span class=\"_ _5\"/>those to be measur<span class=\"_ _5\"/>ed at amortized cos<span class=\"_ _5\"/>t.<span class=\"_ _b\"/> The classification depends on the purpose f<span class=\"_ _b\"/>or which the <span class=\"_ _5\"/>financial assets w<span class=\"_ _5\"/>ere acquir<span class=\"_ _5\"/>ed.<span class=\"_ _b\"/> Management det<span class=\"_ _5\"/>ermines the classification o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the financial assets a<span class=\"_ _5\"/>t initial rec<span class=\"_ _5\"/>ognition,<span class=\"_ _5\"/> based on the business model <span class=\"_ _5\"/>for mana<span class=\"_ _5\"/>ging the assets and the c<span class=\"_ _5\"/>ontractual <span class=\"_ _5\"/>terms o<span class=\"_ _5\"/>f the cash <span class=\"_ _5\"/>flows,<span class=\"_ _b\"/> and assesses the designa<span class=\"_ _5\"/>tion at ea<span class=\"_ _5\"/>ch reporting date<span class=\"_ _5\"/>.Offsetting of<span class=\"_ _5\"/> financial assets and liabilitiesFinancial assets and liabilities ar<span class=\"_ _5\"/>e offset and r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ted as a ne<span class=\"_ _5\"/>t amount in <span class=\"_ _5\"/>the balance shee<span class=\"_ _5\"/>t when <span class=\"_ _5\"/>there is a legal<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> enfor<span class=\"_ _5\"/>ceable right<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o offset <span class=\"_ _5\"/>the recognized amoun<span class=\"_ _5\"/>ts and there is an int<span class=\"_ _b\"/>ention to se<span class=\"_ _5\"/>ttle on a net basis or rea<span class=\"_ _5\"/>lize the asset<span class=\"_ _5\"/> and settle <span class=\"_ _5\"/>the liability simul<span class=\"_ _5\"/>taneously<span class=\"_ _0\"/>.<span class=\"_ _5\"/> The lega<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y enf<span class=\"_ _5\"/>orceable righ<span class=\"_ _5\"/>t must no<span class=\"_ _b\"/>t be contingen<span class=\"_ _5\"/>t on future e<span class=\"_ _5\"/>vents and must<span class=\"_ _5\"/> be enf<span class=\"_ _5\"/>orceable in <span class=\"_ _5\"/>the normal course o<span class=\"_ _5\"/>f business and in the ev<span class=\"_ _5\"/>ent o<span class=\"_ _5\"/>f defaul<span class=\"_ _b\"/>t,<span class=\"_ _5\"/> insolv<span class=\"_ _5\"/>ency or bankrup<span class=\"_ _5\"/>tcy o<span class=\"_ _5\"/>f the C<span class=\"_ _5\"/>ompany or<span class=\"_ _5\"/> the count<span class=\"_ _5\"/>erparty<span class=\"_ _5\"/>.Cash flow<span class=\"_ _5\"/> <span class=\"_ _6\"/>sta<span class=\"_ _5\"/>tementThe Cash flow<span class=\"_ _5\"/> stat<span class=\"_ _b\"/>ement has been prepared using <span class=\"_ _5\"/>the indirect method.<span class=\"_ _b\"/> Cash flow<span class=\"_ _5\"/>s in for<span class=\"_ _5\"/>eign currencies hav<span class=\"_ _5\"/>e been transla<span class=\"_ _5\"/>ted int<span class=\"_ _5\"/>o euros using a<span class=\"_ _5\"/>verage e<span class=\"_ _5\"/>xchange ra<span class=\"_ _5\"/>tes,<span class=\"_ _0\"/> approximating <span class=\"_ _5\"/>the f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>e at transaction da<span class=\"_ _5\"/>te.<span class=\"_ _0\"/> Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences on cash items ar<span class=\"_ _5\"/>e shown separa<span class=\"_ _5\"/>tel<span class=\"_ _5\"/>y in the Cash <span class=\"_ _5\"/>flow s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ement.<span class=\"_ _5\"/> Receip<span class=\"_ _b\"/>ts and payments with r<span class=\"_ _5\"/>espect to inc<span class=\"_ _5\"/>ome tax and int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> are included in the Cash <span class=\"_ _5\"/>flows <span class=\"_ _5\"/>from opera<span class=\"_ _5\"/>ting activities.<span class=\"_ _5\"/> The cos<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f acquisition o<span class=\"_ _5\"/>f subsidiaries,<span class=\"_ _b\"/> associat<span class=\"_ _5\"/>es and joint <span class=\"_ _5\"/>ventures,<span class=\"_ _0\"/> and other inves<span class=\"_ _5\"/>tments,<span class=\"_ _b\"/> insofar<span class=\"_ _5\"/> as it was paid <span class=\"_ _5\"/>for<span class=\"_ _5\"/> in cash,<span class=\"_ _5\"/> is included in Cash flo<span class=\"_ _5\"/>ws from in<span class=\"_ _5\"/>vesting activities.<span class=\"_ _b\"/> Acquisitions or dives<span class=\"_ _5\"/>tments of<span class=\"_ _5\"/> subsidiaries are present<span class=\"_ _b\"/>ed net of<span class=\"_ _5\"/> cash balances ac<span class=\"_ _5\"/>quired or disposed o<span class=\"_ _5\"/>f<span class=\"_ _b\"/>,<span class=\"_ _5\"/> respectivel<span class=\"_ _5\"/>y<span class=\"_ _5\"/>.<span class=\"_ _b\"/> Cash<span class=\"_ _6\"/> flows <span class=\"_ _5\"/>from deriva<span class=\"_ _5\"/>tives are rec<span class=\"_ _5\"/>ognized in the Cash <span class=\"_ _5\"/>flow sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>t in the same ca<span class=\"_ _5\"/>tegory as those o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the<span class=\"_ _6\"/> hedged item.Rec<span class=\"_ _5\"/>ent ac<span class=\"_ _5\"/>counting de<span class=\"_ _5\"/>velopmentsAs of 1 <span class=\"_ _b\"/>Januar<span class=\"_ _6\"/>y 2022<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the Group a<span class=\"_ _5\"/>dopt<span class=\"_ _5\"/>ed the amendments <span class=\"_ _5\"/>to IFRS 3 rela<span class=\"_ _5\"/>ting t<span class=\"_ _5\"/>o the Re<span class=\"_ _5\"/>ference <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the Concep<span class=\"_ _b\"/>tual Framew<span class=\"_ _5\"/>ork<span class=\"_ _6\"/>,<span class=\"_ _b\"/> IA<span class=\"_ _6\"/>S 1<span class=\"_ _5\"/>6 relating <span class=\"_ _5\"/>to the pr<span class=\"_ _5\"/>oceeds bef<span class=\"_ _5\"/>ore int<span class=\"_ _5\"/>ended use of pr<span class=\"_ _5\"/>operty<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant and equipment and IAS 3<span class=\"_ _5\"/>7 relating <span class=\"_ _5\"/>to Onerous C<span class=\"_ _5\"/>ontra<span class=\"_ _5\"/>cts <span class=\"_ _5\"/>\u2013<span class=\"_ _5\"/> Costs o<span class=\"_ _b\"/>f Fulfilling a C<span class=\"_ _5\"/>ontract.<span class=\"_ _b\"/> Devel<span class=\"_ _5\"/>opments rela<span class=\"_ _5\"/>ting to <span class=\"_ _5\"/>the published exposure dra<span class=\"_ _5\"/>ft of<span class=\"_ _5\"/> the new s<span class=\"_ _5\"/>tandard <span class=\"_ _b\"/>\u2018General Presen<span class=\"_ _5\"/>tation and Disclosures<span class=\"_ _5\"/>\u2019<span class=\"_ _0\"/>,<span class=\"_ _b\"/> which is int<span class=\"_ _5\"/>ended to r<span class=\"_ _5\"/>eplace IAS 1<span class=\"_ _5\"/>,<span class=\"_ _5\"/> are closel<span class=\"_ _b\"/>y monitored.Onerous Con<span class=\"_ _5\"/>tracts <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> Costs o<span class=\"_ _5\"/>f Ful<span class=\"_ _5\"/>filling a Contra<span class=\"_ _5\"/>ct <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> Amendments t<span class=\"_ _5\"/>o IAS 37An onerous con<span class=\"_ _5\"/>tract is a con<span class=\"_ _5\"/>tract under<span class=\"_ _5\"/> which the una<span class=\"_ _5\"/>voidable o<span class=\"_ _5\"/>f meeting <span class=\"_ _5\"/>the obligations under <span class=\"_ _5\"/>the contra<span class=\"_ _5\"/>ct costs (i.<span class=\"_ _5\"/>e.<span class=\"_ _6\"/>,<span class=\"_ _5\"/> the cos<span class=\"_ _5\"/>ts that<span class=\"_ _5\"/> the Group canno<span class=\"_ _5\"/>t a<span class=\"_ _5\"/>void because it has the c<span class=\"_ _5\"/>ontract) ex<span class=\"_ _5\"/>ceed the ec<span class=\"_ _5\"/>onomic benefits expected <span class=\"_ _5\"/>to be rec<span class=\"_ _5\"/>eived under it.<span class=\"_ _b\"/> The amendments specify <span class=\"_ _5\"/>that <span class=\"_ _5\"/>when assessing whether<span class=\"_ _5\"/> a contra<span class=\"_ _5\"/>ct is onerous or loss-making,<span class=\"_ _0\"/> an entity needs to incl<span class=\"_ _5\"/>ude costs tha<span class=\"_ _5\"/>t rela<span class=\"_ _b\"/>te directl<span class=\"_ _5\"/>y t<span class=\"_ _5\"/>o a contra<span class=\"_ _5\"/>ct t<span class=\"_ _5\"/>o provide goods or services including bo<span class=\"_ _5\"/>th incrementa<span class=\"_ _5\"/>l costs (e<span class=\"_ _5\"/>.g.<span class=\"_ _6\"/>,<span class=\"_ _5\"/> the cos<span class=\"_ _5\"/>ts of dir<span class=\"_ _5\"/>ect labour and mat<span class=\"_ _b\"/>erials) and an alloca<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> costs directl<span class=\"_ _5\"/>y rela<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to con<span class=\"_ _5\"/>tract activities (e.<span class=\"_ _5\"/>g.<span class=\"_ _7\"/>,<span class=\"_ _b\"/> depreciation o<span class=\"_ _5\"/>f equipment<span class=\"_ _5\"/> used to <span class=\"_ _5\"/>fulfil the c<span class=\"_ _5\"/>ontract and c<span class=\"_ _5\"/>osts of<span class=\"_ _5\"/> contra<span class=\"_ _5\"/>ct management<span class=\"_ _5\"/> and<span class=\"_ _6\"/> supervision).<span class=\"_ _5\"/> General and adminis<span class=\"_ _5\"/>trativ<span class=\"_ _5\"/>e costs do no<span class=\"_ _5\"/>t rela<span class=\"_ _5\"/>te directl<span class=\"_ _5\"/>y <span class=\"_ _5\"/>to a con<span class=\"_ _5\"/>tract and are e<span class=\"_ _5\"/>xcluded unl<span class=\"_ _5\"/>ess they ar<span class=\"_ _5\"/>e explicitl<span class=\"_ _5\"/>y chargeable <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the count<span class=\"_ _5\"/>erpar<span class=\"_ _6\"/>ty under <span class=\"_ _5\"/>the contr<span class=\"_ _5\"/>act.The Group has no<span class=\"_ _5\"/>t been impacted b<span class=\"_ _5\"/>y this r<span class=\"_ _5\"/>ecent amendmen<span class=\"_ _5\"/>t as the Gr<span class=\"_ _5\"/>oup is already<span class=\"_ _5\"/> including such costs when assessing whether<span class=\"_ _5\"/> a contra<span class=\"_ _5\"/>ct is onerous or l<span class=\"_ _5\"/>oss-making.Ref<span class=\"_ _5\"/>erence t<span class=\"_ _5\"/>o the Conceptua<span class=\"_ _5\"/>l Framework<span class=\"_ _5\"/> <span class=\"_ _5\"/>\u2013<span class=\"_ _5\"/> Amendments t<span class=\"_ _5\"/>o <span class=\"_ _6\"/>IFRS 3The amendments repla<span class=\"_ _5\"/>ce a ref<span class=\"_ _5\"/>erence <span class=\"_ _5\"/>to a pre<span class=\"_ _5\"/>vious version o<span class=\"_ _5\"/>f the IASB\u2019<span class=\"_ _5\"/>s Concep<span class=\"_ _5\"/>tual Fr<span class=\"_ _5\"/>amework <span class=\"_ _5\"/>with a ref<span class=\"_ _5\"/>erence <span class=\"_ _5\"/>to the curr<span class=\"_ _5\"/>ent <span class=\"_ _5\"/>version issued in March 20<span class=\"_ _5\"/>18 <span class=\"_ _5\"/>without significantl<span class=\"_ _5\"/>y changing its requiremen<span class=\"_ _5\"/>ts.<span class=\"_ _b\"/> The amendments add an e<span class=\"_ _5\"/>xcep<span class=\"_ _5\"/>tion t<span class=\"_ _5\"/>o the recognition principl<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> IFRS 3 Business Combinations <span class=\"_ _5\"/>to a<span class=\"_ _5\"/>void the issue of<span class=\"_ _5\"/> pot<span class=\"_ _5\"/>ential <span class=\"_ _b\"/>\u2018da<span class=\"_ _5\"/>y 2\u2019<span class=\"_ _b\"/> gains or losses arising <span class=\"_ _5\"/>for liabilities and c<span class=\"_ _5\"/>ontingent liabilities <span class=\"_ _5\"/>that<span class=\"_ _5\"/> would be <span class=\"_ _5\"/>within the scope of<span class=\"_ _5\"/> IAS 37 Provisions,<span class=\"_ _0\"/> Contingent Liabilities and C<span class=\"_ _5\"/>ontingent<span class=\"_ _5\"/> Assets or IFRIC 2<span class=\"_ _5\"/>1 Levies,<span class=\"_ _0\"/> if incurred separa<span class=\"_ _5\"/>tel<span class=\"_ _5\"/>y<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The ex<span class=\"_ _5\"/>ception r<span class=\"_ _5\"/>equires entities t<span class=\"_ _5\"/>o appl<span class=\"_ _5\"/>y the crit<span class=\"_ _5\"/>eria in IAS 37 or IFRIC 2<span class=\"_ _b\"/>1,<span class=\"_ _b\"/> respectivel<span class=\"_ _5\"/>y<span class=\"_ _5\"/>,<span class=\"_ _b\"/> insteadof<span class=\"_ _5\"/> the Conc<span class=\"_ _5\"/>eptual F<span class=\"_ _5\"/>ramework,<span class=\"_ _b\"/> to de<span class=\"_ _5\"/>termine <span class=\"_ _5\"/>whether a presen<span class=\"_ _5\"/>t obligation e<span class=\"_ _5\"/>xists at<span class=\"_ _5\"/> the ac<span class=\"_ _5\"/>quisition dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The amendments also a<span class=\"_ _5\"/>dd a new para<span class=\"_ _5\"/>graph t<span class=\"_ _5\"/>o IFRS 3 t<span class=\"_ _5\"/>o clarify that<span class=\"_ _5\"/> contingen<span class=\"_ _5\"/>t assets do no<span class=\"_ _5\"/>t qualify <span class=\"_ _5\"/>for recognition a<span class=\"_ _5\"/>t the a<span class=\"_ _5\"/>cquisition dat<span class=\"_ _b\"/>e.In acc<span class=\"_ _5\"/>ordance with <span class=\"_ _5\"/>the transitiona<span class=\"_ _5\"/>l provisions,<span class=\"_ _b\"/> the Group applies <span class=\"_ _5\"/>the amendments prospectivel<span class=\"_ _5\"/>y<span class=\"_ _b\"/>,<span class=\"_ _5\"/> i.e.<span class=\"_ _6\"/>,<span class=\"_ _b\"/> to business combina<span class=\"_ _5\"/>tions occurring after<span class=\"_ _5\"/> the beginning of<span class=\"_ _5\"/> the annual r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting period in which it <span class=\"_ _5\"/>first applies the amendments (the da<span class=\"_ _5\"/>te o<span class=\"_ _5\"/>f initial applica<span class=\"_ _5\"/>tion).<span class=\"_ _b\"/> In 2022,<span class=\"_ _b\"/> the Group has ac<span class=\"_ _5\"/>quired IBI Group and DPS Group for<span class=\"_ _5\"/> which the pur<span class=\"_ _5\"/>chase price all<span class=\"_ _5\"/>ocation ex<span class=\"_ _5\"/>ercise wil<span class=\"_ _5\"/>l be complet<span class=\"_ _5\"/>ed in 2023.<span class=\"_ _0\"/> The anal<span class=\"_ _5\"/>ysis of<span class=\"_ _5\"/> pot<span class=\"_ _5\"/>ential liabilities or con<span class=\"_ _5\"/>tingent liabilities <span class=\"_ _5\"/>will be performed in 2023 appl<span class=\"_ _b\"/>ying these amendments whene<span class=\"_ _5\"/>ver applicable<span class=\"_ _5\"/>.3 <span class=\"_ _10e\"> </span>Change in accoun<span class=\"_ _5\"/>ting policies There are no significant<span class=\"_ _5\"/> change in accoun<span class=\"_ _5\"/>ting policies adopt<span class=\"_ _5\"/>ed during the <span class=\"_ _5\"/>year ended 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22.4 <span class=\"_ _10e\"> </span>Signif<span class=\"_ _6\"/>icant<span class=\"_ _5\"/> even<span class=\"_ _5\"/>ts in the curren<span class=\"_ _5\"/>t reporting periodThe financial position and performance o<span class=\"_ _b\"/>f the Group has been aff<span class=\"_ _5\"/>ected by <span class=\"_ _5\"/>the f<span class=\"_ _5\"/>ollowing e<span class=\"_ _5\"/>vents and transactions during the r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting period: New Gl<span class=\"_ _5\"/>obal structure modelEarl<span class=\"_ _5\"/>y 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> the Group has announced changes t<span class=\"_ _b\"/>o its operating structure <span class=\"_ _5\"/>to bett<span class=\"_ _5\"/>er serve the needs o<span class=\"_ _5\"/>f the marke<span class=\"_ _5\"/>t and its growing clien<span class=\"_ _5\"/>t base.<span class=\"_ _0\"/> The changes are in line with its 20<span class=\"_ _5\"/>21-2<span class=\"_ _5\"/>023 business stra<span class=\"_ _b\"/>tegy t<span class=\"_ _5\"/>o provide focus,<span class=\"_ _0\"/> global scale and s<span class=\"_ _5\"/>trengthen the sustainabl<span class=\"_ _5\"/>e and digital off<span class=\"_ _5\"/>ering to clien<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> Theref<span class=\"_ _5\"/>ore,<span class=\"_ _0\"/> Arcadis has <span class=\"_ _5\"/>transitioned since 1 <span class=\"_ _5\"/>Januar<span class=\"_ _6\"/>y 20<span class=\"_ _5\"/>22 from a primaril<span class=\"_ _b\"/>y geographical<span class=\"_ _5\"/>-led opera<span class=\"_ _5\"/>ting model, to c<span class=\"_ _5\"/>ollabora<span class=\"_ _5\"/>te acr<span class=\"_ _5\"/>oss borders through gl<span class=\"_ _5\"/>obal business areas.<span class=\"_ _b\"/> Four<span class=\"_ _5\"/> Global Business <span class=\"_ _5\"/>Areas (GBAs) have been set up <span class=\"_ _0\"/>\u2013<span class=\"_ _5\"/> Resilience<span class=\"_ _5\"/>,<span class=\"_ _5\"/> Places,<span class=\"_ _0\"/> Mobility and Intel<span class=\"_ _5\"/>ligence.<span class=\"_ _b\"/> The GBA<span class=\"_ _5\"/> Intelligenc<span class=\"_ _5\"/>e was cr<span class=\"_ _5\"/>eat<span class=\"_ _5\"/>ed in October 20<span class=\"_ _5\"/>22 and combines Ar<span class=\"_ _5\"/>cadis Gen,<span class=\"_ _b\"/> Intel<span class=\"_ _5\"/>ligence business of<span class=\"_ _5\"/> IBI Group and other<span class=\"_ _5\"/> digital activities coming fr<span class=\"_ _5\"/>om Arca<span class=\"_ _5\"/>dis.<span class=\"_ _5\"/> IBI acquisitionOn 27 Sep<span class=\"_ _5\"/>tember<span class=\"_ _5\"/> 2022,<span class=\"_ _0\"/> Arcadis c<span class=\"_ _5\"/>ompleted <span class=\"_ _5\"/>the acquisition o<span class=\"_ _5\"/>f al<span class=\"_ _5\"/>l issued and outstanding shares o<span class=\"_ _5\"/>f IBI Group.<span class=\"_ _b\"/> IBI Group is a T<span class=\"_ _0\"/>oront<span class=\"_ _5\"/>o based company<span class=\"_ _5\"/> and was list<span class=\"_ _5\"/>ed on the T<span class=\"_ _0\"/>oront<span class=\"_ _5\"/>o St<span class=\"_ _5\"/>ock Exchange<span class=\"_ _5\"/>.<span class=\"_ _5\"/> IBI Group is a t<span class=\"_ _b\"/>echnology-driven design firm tha<span class=\"_ _b\"/>t will str<span class=\"_ _5\"/>engthen Arcadis<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> digital leadership,<span class=\"_ _0\"/> complement its position in North America and drive global gr<span class=\"_ _5\"/>owth of its c<span class=\"_ _5\"/>ombined solutions.<span class=\"_ _b\"/> This will a<span class=\"_ _5\"/>llow<span class=\"_ _5\"/> the crea<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> a new gl<span class=\"_ _5\"/>obal leader<span class=\"_ _5\"/> f<span class=\"_ _5\"/>or planning,<span class=\"_ _b\"/> designing and building the resilien<span class=\"_ _5\"/>t cities of<span class=\"_ _5\"/> t<span class=\"_ _5\"/>omorrow<span class=\"_ _b\"/>.<span class=\"_ _b\"/> IBI Group employs more than 3,500 employees <span class=\"_ _5\"/>within more than 60 offices around <span class=\"_ _5\"/>the world.<span class=\"_ _b\"/> IBI Group activities ha<span class=\"_ _5\"/>ve been all<span class=\"_ _5\"/>ocat<span class=\"_ _5\"/>ed to <span class=\"_ _5\"/>the f<span class=\"_ _5\"/>our GBAs of <span class=\"_ _5\"/>the Group.DPS acquisitionOn 1 December 2<span class=\"_ _5\"/>022,<span class=\"_ _b\"/> Arca<span class=\"_ _5\"/>dis complet<span class=\"_ _5\"/>ed the ac<span class=\"_ _5\"/>quisition of a<span class=\"_ _5\"/>ll issued shares o<span class=\"_ _5\"/>f DPS Group<span class=\"_ _5\"/>,<span class=\"_ _5\"/> an Irish based leading c<span class=\"_ _5\"/>onsultancy<span class=\"_ _b\"/>,<span class=\"_ _b\"/> engineering and construction management c<span class=\"_ _5\"/>ompany <span class=\"_ _5\"/>for Lif<span class=\"_ _5\"/>e Sciences and Semiconductor<span class=\"_ _5\"/> facilities.<span class=\"_ _0\"/> DPS has a strong presence in North America and Eur<span class=\"_ _5\"/>ope,<span class=\"_ _b\"/> and long-standing client rela<span class=\"_ _5\"/>tionships with the <span class=\"_ _5\"/>world\u2019s lar<span class=\"_ _5\"/>gest pharmac<span class=\"_ _5\"/>eutical and semiconductor<span class=\"_ _5\"/> manufacturing companies.<span class=\"_ _b\"/> This acquisition <span class=\"_ _5\"/>will crea<span class=\"_ _5\"/>te a ful<span class=\"_ _5\"/>l-service advisory <span class=\"_ _5\"/>for high-<span class=\"_ _5\"/>tech industria<span class=\"_ _5\"/>l manufacturing clients,<span class=\"_ _b\"/> combining DPS Group and Ar<span class=\"_ _5\"/>cadis\u2019<span class=\"_ _b\"/> complemen<span class=\"_ _5\"/>tar<span class=\"_ _6\"/>y service off<span class=\"_ _5\"/>erings.<span class=\"_ _5\"/> DPS Group is opera<span class=\"_ _5\"/>ting with 2,850 highl<span class=\"_ _b\"/>y skilled emplo<span class=\"_ _5\"/>yees in the U<span class=\"_ _5\"/>.S.<span class=\"_ _b\"/> and Europe.<span class=\"_ _b\"/> DPS will become part o<span class=\"_ _5\"/>f Arcadis<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> Places GBA<span class=\"_ _6\"/>.<span class=\"_ _5\"/> Bridge Loan F<span class=\"_ _5\"/>acility Arcadis NV<span class=\"_ _5\"/> applied for<span class=\"_ _5\"/> and receiv<span class=\"_ _5\"/>ed a bridge loan fa<span class=\"_ _5\"/>cility of<span class=\"_ _5\"/> EUR 750 million <span class=\"_ _5\"/>to a<span class=\"_ _5\"/>cquire both IBI Gr<span class=\"_ _5\"/>oup and DPS Group.<span class=\"_ _0\"/> The first <span class=\"_ _5\"/>tranche of<span class=\"_ _5\"/> EUR 60<span class=\"_ _6\"/>0 million was rec<span class=\"_ _5\"/>eived in Q3 2022 <span class=\"_ _5\"/>for<span class=\"_ _5\"/> acquisition o<span class=\"_ _5\"/>f IBI Group,<span class=\"_ _0\"/> second tranche o<span class=\"_ _5\"/>f EUR 1<span class=\"_ _5\"/>50 million in November<span class=\"_ _5\"/> 2022 <span class=\"_ _5\"/>for a<span class=\"_ _5\"/>cquisition of<span class=\"_ _5\"/> DPS.<span class=\"_ _b\"/> The bridge loan has a t<span class=\"_ _5\"/>erm of<span class=\"_ _5\"/> 1 year (maturity<span class=\"_ _5\"/> in Sept<span class=\"_ _5\"/>ember 2023<span class=\"_ _b\"/>) of <span class=\"_ _5\"/>which Arcadis NV<span class=\"_ _5\"/> has the irrev<span class=\"_ _5\"/>ocable right<span class=\"_ _5\"/> to e<span class=\"_ _5\"/>xtend twic<span class=\"_ _5\"/>e by six<span class=\"_ _5\"/> months.<span class=\"_ _5\"/> The pricing is based on EURIBOR,<span class=\"_ _b\"/> with a margin tha<span class=\"_ _5\"/>t increases e<span class=\"_ _5\"/>very 3 months.5 <span class=\"_ _10e\"> </span>Segment r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>tingAn operating segmen<span class=\"_ _5\"/>t is a component<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the Company <span class=\"_ _5\"/>that enga<span class=\"_ _5\"/>ges in business activities that<span class=\"_ _5\"/> can result<span class=\"_ _5\"/> in revenue and expenses,<span class=\"_ _b\"/> including revenues and e<span class=\"_ _5\"/>xpenses relat<span class=\"_ _5\"/>ed to <span class=\"_ _5\"/>transactions with other<span class=\"_ _5\"/> components o<span class=\"_ _5\"/>f the same Compan<span class=\"_ _5\"/>y<span class=\"_ _5\"/>.The operating segmen<span class=\"_ _5\"/>t reporting fol<span class=\"_ _5\"/>lows <span class=\"_ _5\"/>the internal r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting used by <span class=\"_ _5\"/>the Executive Board o<span class=\"_ _5\"/>f the C<span class=\"_ _5\"/>ompany<span class=\"_ _b\"/>, <span class=\"_ _5\"/>to manage the business,<span class=\"_ _b\"/> assess the performance based on <span class=\"_ _5\"/>the available <span class=\"_ _5\"/>financial informa<span class=\"_ _5\"/>tion and to a<span class=\"_ _5\"/>llocat<span class=\"_ _5\"/>e the resources.<span class=\"_ _0\"/> Inter<span class=\"_ _5\"/>-segment pricing is det<span class=\"_ _5\"/>ermined on an arm\u2019<span class=\"_ _5\"/>s length basis.<span class=\"_ _b\"/> Segment resul<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> assets and liabilities include it<span class=\"_ _5\"/>ems directly<span class=\"_ _5\"/> attributable <span class=\"_ _5\"/>to a segment<span class=\"_ _5\"/> as well as <span class=\"_ _5\"/>those that<span class=\"_ _5\"/> can be alloca<span class=\"_ _5\"/>ted on a reasonable basis.SubsidiariesSubsidiaries are all c<span class=\"_ _5\"/>ompanies over <span class=\"_ _5\"/>which the Company<span class=\"_ _5\"/> has control.<span class=\"_ _b\"/> Control ov<span class=\"_ _5\"/>er an entity e<span class=\"_ _5\"/>xists when the C<span class=\"_ _5\"/>ompany is exposed t<span class=\"_ _5\"/>o,<span class=\"_ _b\"/> or has right <span class=\"_ _5\"/>to,<span class=\"_ _b\"/> variable r<span class=\"_ _5\"/>eturns from its inv<span class=\"_ _5\"/>olvemen<span class=\"_ _5\"/>t with the en<span class=\"_ _5\"/>tity and has the ability<span class=\"_ _5\"/> to aff<span class=\"_ _5\"/>ect those returns <span class=\"_ _5\"/>through its power o<span class=\"_ _5\"/>ver the en<span class=\"_ _5\"/>tity<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Subsidiaries are ful<span class=\"_ _5\"/>ly c<span class=\"_ _5\"/>onsolidated <span class=\"_ _5\"/>from the da<span class=\"_ _5\"/>te on which c<span class=\"_ _5\"/>ontrol commences until <span class=\"_ _5\"/>the dat<span class=\"_ _5\"/>e on which control c<span class=\"_ _5\"/>eases.Loss o<span class=\"_ _5\"/>f controlUpon the loss o<span class=\"_ _5\"/>f contr<span class=\"_ _5\"/>ol,<span class=\"_ _5\"/> the assets and liabilities,<span class=\"_ _b\"/> non-<span class=\"_ _6\"/>control<span class=\"_ _5\"/>ling interes<span class=\"_ _5\"/>ts and other c<span class=\"_ _5\"/>omponents of equity<span class=\"_ _5\"/> relat<span class=\"_ _5\"/>ed to the subsidiary are derecogniz<span class=\"_ _5\"/>ed.<span class=\"_ _5\"/> Any pr<span class=\"_ _5\"/>ofit or l<span class=\"_ _5\"/>oss arising on the loss o<span class=\"_ _5\"/>f control is r<span class=\"_ _5\"/>ecognized in pro<span class=\"_ _5\"/>fit or loss.<span class=\"_ _b\"/> If a non-controlling in<span class=\"_ _5\"/>terest<span class=\"_ _5\"/> in the subsidiary is retained,<span class=\"_ _b\"/> such inter<span class=\"_ _5\"/>est is measured a<span class=\"_ _5\"/>t fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue at <span class=\"_ _5\"/>the date c<span class=\"_ _5\"/>ontrol is lost.<span class=\"_ _b\"/> Subsequentl<span class=\"_ _5\"/>y<span class=\"_ _5\"/>,<span class=\"_ _5\"/> it is ac<span class=\"_ _5\"/>counted <span class=\"_ _5\"/>for as an equity<span class=\"_ _b\"/>-account<span class=\"_ _5\"/>ed invest<span class=\"_ _5\"/>ee or as an availabl<span class=\"_ _5\"/>e-for-sa<span class=\"_ _5\"/>le financial asset,<span class=\"_ _b\"/> depending on the le<span class=\"_ _5\"/>vel of in<span class=\"_ _5\"/>fluence retained.Business combinationsThe Company<span class=\"_ _5\"/> accounts <span class=\"_ _5\"/>for business c<span class=\"_ _5\"/>ombinations using the a<span class=\"_ _5\"/>cquisition method when <span class=\"_ _5\"/>the acquiredset o<span class=\"_ _5\"/>f activities and assets meets <span class=\"_ _5\"/>the definition of a business and c<span class=\"_ _5\"/>ontrol is tr<span class=\"_ _5\"/>ansferred <span class=\"_ _5\"/>to theCompany<span class=\"_ _b\"/>.<span class=\"_ _5\"/> In det<span class=\"_ _5\"/>ermining whether a particular set<span class=\"_ _5\"/> of a<span class=\"_ _5\"/>ctivities and assets is a business,the Company<span class=\"_ _5\"/> assesses whether <span class=\"_ _5\"/>the set o<span class=\"_ _5\"/>f assets and activities acquir<span class=\"_ _5\"/>ed includes,<span class=\"_ _b\"/> at a minimum,<span class=\"_ _b\"/> aninput and substan<span class=\"_ _5\"/>tive process and whe<span class=\"_ _5\"/>ther the ac<span class=\"_ _5\"/>quired set has <span class=\"_ _5\"/>the ability t<span class=\"_ _5\"/>o produce outputs.IFRS 3 establishes the <span class=\"_ _5\"/>follo<span class=\"_ _5\"/>wing principles in relation <span class=\"_ _5\"/>to the r<span class=\"_ _5\"/>ecognition and measurement<span class=\"_ _5\"/> of it<span class=\"_ _5\"/>ems arising in a business combination:\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">Recognition principle: Iden<span class=\"_ _5\"/>tifiable assets acquir<span class=\"_ _5\"/>ed,<span class=\"_ _5\"/> liabilities assumed,<span class=\"_ _b\"/> and non-<span class=\"_ _6\"/>controlling in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>ts in the acquiree </span>are rec<span class=\"_ _5\"/>ognized separat<span class=\"_ _5\"/>ely<span class=\"_ _5\"/> from goodwill.<span class=\"_ _b\"/> Acquired in<span class=\"_ _5\"/>tangible assets must be r<span class=\"_ _5\"/>ecognized and measured a<span class=\"_ _5\"/>t f<span class=\"_ _5\"/>air va<span class=\"_ _5\"/>lue in acc<span class=\"_ _5\"/>ordance with <span class=\"_ _5\"/>the principles if it is separ<span class=\"_ _5\"/>able or arises fr<span class=\"_ _5\"/>om other con<span class=\"_ _5\"/>tractual rights,<span class=\"_ _b\"/> irrespective of<span class=\"_ _5\"/> whether the acquir<span class=\"_ _5\"/>ee had recognized <span class=\"_ _5\"/>the asset prior <span class=\"_ _5\"/>to the business c<span class=\"_ _5\"/>ombination occurring.<span class=\"_ _b\"/> The Group does no<span class=\"_ _5\"/>t recogniz<span class=\"_ _5\"/>e contingen<span class=\"_ _5\"/>t assets acquir<span class=\"_ _5\"/>ed in a business combination.\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">Measurement principl<span class=\"_ _5\"/>e: All assets ac<span class=\"_ _5\"/>quired and liabilities assumed in a business combina<span class=\"_ _5\"/>tion are measured at<span class=\"_ _5\"/> </span>acquisition-dat<span class=\"_ _5\"/>e fair v<span class=\"_ _5\"/>alue.<span class=\"_ _b\"/> Goodwill at<span class=\"_ _5\"/> acquisition da<span class=\"_ _5\"/>te is measured as the <span class=\"_ _5\"/>fair <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f the consider<span class=\"_ _5\"/>ation trans<span class=\"_ _5\"/>ferred plus <span class=\"_ _5\"/>the recognized amoun<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> any non-control<span class=\"_ _5\"/>ling interes<span class=\"_ _5\"/>t in the ac<span class=\"_ _5\"/>quiree less the ne<span class=\"_ _5\"/>t recognized amoun<span class=\"_ _5\"/>t (fair <span class=\"_ _5\"/>value) o<span class=\"_ _5\"/>f the identifiable asse<span class=\"_ _5\"/>ts acquired and liabilities assumed.Lease liabilities o<span class=\"_ _5\"/>f acquired l<span class=\"_ _5\"/>eases are measured at<span class=\"_ _5\"/> the present<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue of <span class=\"_ _5\"/>the remaining lease paymen<span class=\"_ _5\"/>ts as if the ac<span class=\"_ _5\"/>quired lease w<span class=\"_ _5\"/>ere a new lease a<span class=\"_ _5\"/>t the a<span class=\"_ _5\"/>cquisition dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> Right-of-use asset<span class=\"_ _5\"/> is measured at<span class=\"_ _5\"/> the same amount as <span class=\"_ _5\"/>the lease liability<span class=\"_ _b\"/>, adjust<span class=\"_ _5\"/>ed to r<span class=\"_ _5\"/>eflect fa<span class=\"_ _5\"/>vourable or<span class=\"_ _5\"/> unfa<span class=\"_ _5\"/>vourable t<span class=\"_ _5\"/>erms of<span class=\"_ _5\"/> the lease when compar<span class=\"_ _5\"/>ed with marke<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>erms.<span class=\"_ _5\"/> Right-of<span class=\"_ _5\"/>-use assets and lease liabilities <span class=\"_ _5\"/>for leases <span class=\"_ _5\"/>for <span class=\"_ _5\"/>which the lease t<span class=\"_ _5\"/>erm ends within 12 months o<span class=\"_ _5\"/>f the a<span class=\"_ _5\"/>cquisition dat<span class=\"_ _5\"/>e and the underlying asse<span class=\"_ _5\"/>t is of<span class=\"_ _5\"/> low <span class=\"_ _5\"/>value are no<span class=\"_ _5\"/>t rec<span class=\"_ _5\"/>ognized.<span class=\"_ _5\"/> The considera<span class=\"_ _5\"/>tion transf<span class=\"_ _5\"/>erred does not<span class=\"_ _5\"/> include amounts rela<span class=\"_ _5\"/>ted t<span class=\"_ _5\"/>o the settl<span class=\"_ _5\"/>ement of<span class=\"_ _5\"/> pre-existing relationships.<span class=\"_ _b\"/> Such amounts are rec<span class=\"_ _5\"/>ognized in pro<span class=\"_ _5\"/>fit or loss.Costs r<span class=\"_ _5\"/>elated <span class=\"_ _5\"/>to the a<span class=\"_ _5\"/>cquisition,<span class=\"_ _5\"/> other<span class=\"_ _5\"/> than those associa<span class=\"_ _5\"/>ted with <span class=\"_ _5\"/>the issue of deb<span class=\"_ _5\"/>t or equity securities incurr<span class=\"_ _5\"/>ed in connection with the business c<span class=\"_ _5\"/>ombination,<span class=\"_ _b\"/> are expensed.Contingen<span class=\"_ _5\"/>t considera<span class=\"_ _5\"/>tion payable is r<span class=\"_ _5\"/>ecognized a<span class=\"_ _5\"/>t fair<span class=\"_ _5\"/> value a<span class=\"_ _5\"/>t the a<span class=\"_ _5\"/>cquisition dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> If the contingen<span class=\"_ _5\"/>t considera<span class=\"_ _5\"/>tion is classified as equity<span class=\"_ _5\"/>,<span class=\"_ _5\"/> it is no<span class=\"_ _5\"/>t remeasured,<span class=\"_ _b\"/> and settlement<span class=\"_ _5\"/> is account<span class=\"_ _5\"/>ed f<span class=\"_ _5\"/>or within equity<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Other<span class=\"_ _6\"/>wise,<span class=\"_ _b\"/> subsequent changes to <span class=\"_ _5\"/>the fair <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f the con<span class=\"_ _5\"/>tingent consider<span class=\"_ _5\"/>ation are rec<span class=\"_ _5\"/>ognized in profit or<span class=\"_ _5\"/> loss.If the C<span class=\"_ _5\"/>ompany ob<span class=\"_ _5\"/>tains control o<span class=\"_ _5\"/>f a business tha<span class=\"_ _5\"/>t is a joint oper<span class=\"_ _5\"/>ation,<span class=\"_ _b\"/> it remeasures pre<span class=\"_ _5\"/>viously hel<span class=\"_ _5\"/>d interes<span class=\"_ _5\"/>ts in that<span class=\"_ _5\"/> business.Rev<span class=\"_ _5\"/>enue is recognized by<span class=\"_ _5\"/> the Group f<span class=\"_ _5\"/>ollowing <span class=\"_ _5\"/>the five-step model in IFRS 15,<span class=\"_ _b\"/> consisting o<span class=\"_ _5\"/>f:1<span class=\"_ _6\"/>. <span class=\"_\"> </span><span class=\"ff6 fc6 ls3f ws1\">identification o<span class=\"_ _5\"/>f the c<span class=\"_ _5\"/>ontract;</span>2<span class=\"_ _6\"/>. <span class=\"_\"> </span><span class=\"ff6 fc6 ls3f ws1\">identification o<span class=\"_ _5\"/>f the performanc<span class=\"_ _5\"/>e obligations in the c<span class=\"_ _5\"/>ontract;</span>3<span class=\"_ _6\"/>. <span class=\"_\"> </span><span class=\"ff6 fc6 ls3f ws1d\">determina<span class=\"_ _5\"/>tion of the tr<span class=\"_ _5\"/>ansaction <span class=\"_ _6\"/>price;</span>4<span class=\"_ _6\"/>. <span class=\"_\"> </span><span class=\"ff6 fc6 ls3f ws1\">alloca<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the transa<span class=\"_ _5\"/>ction price to performanc<span class=\"_ _5\"/>e obligations in the con<span class=\"_ _5\"/>tract,<span class=\"_ _b\"/> and</span>5<span class=\"_ _6\"/>. <span class=\"_\"> </span><span class=\"ff6 fc6 ls3f ws1\">recognition o<span class=\"_ _5\"/>f rev<span class=\"_ _5\"/>enue.</span>Rev<span class=\"_ _5\"/>enue is measured based on the considera<span class=\"_ _5\"/>tion specified in a contra<span class=\"_ _5\"/>ct with a customer<span class=\"_ _5\"/> and excl<span class=\"_ _5\"/>udes amounts collect<span class=\"_ _5\"/>ed on behalf<span class=\"_ _5\"/> of <span class=\"_ _5\"/>third parties (e.g.<span class=\"_ _b\"/> V<span class=\"_ _5\"/>A<span class=\"_ _b\"/>T<span class=\"_ _6\"/>).<span class=\"_ _b\"/> It includes initial amounts agr<span class=\"_ _5\"/>eed in the contra<span class=\"_ _5\"/>ct plus any <span class=\"_ _5\"/>variations in contra<span class=\"_ _5\"/>ct work<span class=\"_ _5\"/> and variable consider<span class=\"_ _5\"/>ation,<span class=\"_ _b\"/> to the e<span class=\"_ _5\"/>xtent<span class=\"_ _5\"/> that<span class=\"_ _5\"/> it is highly<span class=\"_ _5\"/> probabl<span class=\"_ _5\"/>y tha<span class=\"_ _5\"/>t its inclusion will no<span class=\"_ _5\"/>t resul<span class=\"_ _b\"/>t in a significant re<span class=\"_ _5\"/>venue reversa<span class=\"_ _5\"/>l in the future <span class=\"_ _5\"/>when the uncertainty has been subsequentl<span class=\"_ _b\"/>y resolv<span class=\"_ _5\"/>ed.The Group recogniz<span class=\"_ _5\"/>es revenue <span class=\"_ _5\"/>when it trans<span class=\"_ _5\"/>fers contr<span class=\"_ _5\"/>ol over a pr<span class=\"_ _5\"/>oduct or service to a cus<span class=\"_ _5\"/>tomer<span class=\"_ _0\"/>. F<span class=\"_ _b\"/>or per<span class=\"_ _6\"/>formance obligations <span class=\"_ _5\"/>that are <span class=\"_ _5\"/>transf<span class=\"_ _5\"/>erred over <span class=\"_ _5\"/>time,<span class=\"_ _b\"/> revenue is recogniz<span class=\"_ _5\"/>ed in profit or<span class=\"_ _5\"/> loss in proportion to <span class=\"_ _5\"/>the percentage o<span class=\"_ _5\"/>f completion o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>transaction at<span class=\"_ _5\"/> reporting date<span class=\"_ _5\"/>.<span class=\"_ _5\"/> The percen<span class=\"_ _5\"/>tage of c<span class=\"_ _5\"/>ompletion is measured by<span class=\"_ _5\"/> actual (labor) costs incurred in rela<span class=\"_ _5\"/>tion to <span class=\"_ _5\"/>tota<span class=\"_ _5\"/>l estimat<span class=\"_ _5\"/>ed (labor) costs (input me<span class=\"_ _5\"/>thod).<span class=\"_ _5\"/> In the Group<span class=\"_ _5\"/>\u2019s vie<span class=\"_ _5\"/>w this best<span class=\"_ _5\"/> reflects the v<span class=\"_ _5\"/>alue delivered <span class=\"_ _5\"/>to the cust<span class=\"_ _5\"/>omer in a business tha<span class=\"_ _5\"/>t mainl<span class=\"_ _5\"/>y uses human and int<span class=\"_ _5\"/>ellectual capital (o<span class=\"_ _5\"/>f its employ<span class=\"_ _5\"/>ees) for<span class=\"_ _5\"/> completion o<span class=\"_ _5\"/>f the performanc<span class=\"_ _5\"/>e obligations t<span class=\"_ _5\"/>owards <span class=\"_ _5\"/>the customer<span class=\"_ _0\"/>.Additional costs because o<span class=\"_ _5\"/>f CO<span class=\"_ _5\"/>VID-19 (e.g.<span class=\"_ _b\"/> additional labor cos<span class=\"_ _5\"/>t,<span class=\"_ _5\"/> cost incurr<span class=\"_ _5\"/>ed to compl<span class=\"_ _b\"/>y with ongoing heal<span class=\"_ _5\"/>th &amp; safe<span class=\"_ _5\"/>ty requirements) ar<span class=\"_ _5\"/>e included in the perc<span class=\"_ _5\"/>entage of<span class=\"_ _5\"/> completion onl<span class=\"_ _b\"/>y if they<span class=\"_ _5\"/> are needed to c<span class=\"_ _5\"/>ontribute <span class=\"_ _5\"/>to the measure o<span class=\"_ _5\"/>f progress o<span class=\"_ _5\"/>f a performance obliga<span class=\"_ _5\"/>tion.<span class=\"_ _5\"/> For<span class=\"_ _5\"/> performance obligations <span class=\"_ _5\"/>that are <span class=\"_ _5\"/>transf<span class=\"_ _5\"/>erred at<span class=\"_ _5\"/> a point in time<span class=\"_ _5\"/>,<span class=\"_ _5\"/> revenues and cos<span class=\"_ _5\"/>ts are recogniz<span class=\"_ _5\"/>ed in profit or<span class=\"_ _5\"/> loss when the cust<span class=\"_ _5\"/>omer receiv<span class=\"_ _5\"/>es the ability t<span class=\"_ _5\"/>o direct the use o<span class=\"_ _5\"/>f the asse<span class=\"_ _5\"/>t and substantia<span class=\"_ _5\"/>lly<span class=\"_ _5\"/> obtains all <span class=\"_ _5\"/>the benefits of it.Licenses and Softwar<span class=\"_ _5\"/>e as a ServiceRev<span class=\"_ _5\"/>enue from (softwar<span class=\"_ _5\"/>e) licenses is recognized o<span class=\"_ _5\"/>ver time<span class=\"_ _5\"/>,<span class=\"_ _5\"/> based on time elapsed,<span class=\"_ _b\"/> in case of a <span class=\"_ _b\"/>\u2018right <span class=\"_ _5\"/>to ac<span class=\"_ _5\"/>cess\u2019<span class=\"_ _0\"/>.<span class=\"_ _b\"/> It is recognized a<span class=\"_ _5\"/>t a point<span class=\"_ _5\"/> in time in case of<span class=\"_ _5\"/> a <span class=\"_ _5\"/>\u2018right<span class=\"_ _5\"/> to use<span class=\"_ _5\"/>\u2019<span class=\"_ _0\"/>,<span class=\"_ _5\"/> but not<span class=\"_ _5\"/> befor<span class=\"_ _5\"/>e the beginning of<span class=\"_ _5\"/> the license period.<span class=\"_ _b\"/> Revenue fr<span class=\"_ _5\"/>om Software as a Service (SaaS) is <span class=\"_ _5\"/>treat<span class=\"_ _5\"/>ed as a right t<span class=\"_ _5\"/>o access and is r<span class=\"_ _5\"/>ecognized over<span class=\"_ _5\"/> time,<span class=\"_ _b\"/> based on time elapsed.Contr<span class=\"_ _5\"/>act costs and con<span class=\"_ _5\"/>tract cost<span class=\"_ _5\"/> assetsContr<span class=\"_ _5\"/>act costs include <span class=\"_ _5\"/>the costs t<span class=\"_ _5\"/>o ful<span class=\"_ _5\"/>fil a contract,<span class=\"_ _b\"/> such as direct labor<span class=\"_ _b\"/>,<span class=\"_ _5\"/> costs o<span class=\"_ _5\"/>f mat<span class=\"_ _5\"/>erials,<span class=\"_ _b\"/> ser<span class=\"_ _6\"/>vices of <span class=\"_ _5\"/>third parties and subcontra<span class=\"_ _5\"/>ctors,<span class=\"_ _b\"/> and costs that<span class=\"_ _5\"/> are explicitl<span class=\"_ _5\"/>y chargeable <span class=\"_ _5\"/>to the cus<span class=\"_ _5\"/>tomer under<span class=\"_ _5\"/> the contra<span class=\"_ _5\"/>ct.<span class=\"_ _5\"/> They ar<span class=\"_ _5\"/>e recognized as an asset in C<span class=\"_ _5\"/>ontract asse<span class=\"_ _5\"/>ts and liabilities,<span class=\"_ _5\"/> if they<span class=\"_ _5\"/> are expected <span class=\"_ _5\"/>to be reco<span class=\"_ _5\"/>vered.Costs <span class=\"_ _5\"/>to obtain a c<span class=\"_ _5\"/>ontract ar<span class=\"_ _5\"/>e only r<span class=\"_ _5\"/>ecognized as a con<span class=\"_ _5\"/>tract cost<span class=\"_ _5\"/> asset in Con<span class=\"_ _5\"/>tract assets and liabilities if<span class=\"_ _5\"/> they ar<span class=\"_ _5\"/>e incremental and e<span class=\"_ _5\"/>xpected t<span class=\"_ _5\"/>o be recover<span class=\"_ _5\"/>ed.<span class=\"_ _5\"/> They<span class=\"_ _5\"/> are recognized on a s<span class=\"_ _5\"/>ystemic basis c<span class=\"_ _5\"/>onsistent<span class=\"_ _5\"/> with the rec<span class=\"_ _5\"/>ognition of costs t<span class=\"_ _5\"/>o fulfill a contract.Loss pro<span class=\"_ _5\"/>visionsEstimat<span class=\"_ _5\"/>es of<span class=\"_ _5\"/> project management<span class=\"_ _5\"/> are used to assess <span class=\"_ _5\"/>the progress and estima<span class=\"_ _5\"/>ted out<span class=\"_ _5\"/>come of<span class=\"_ _5\"/> a per<span class=\"_ _6\"/>formance obliga<span class=\"_ _5\"/>tion.<span class=\"_ _b\"/> When it becomes pr<span class=\"_ _5\"/>obable that<span class=\"_ _5\"/> the t<span class=\"_ _5\"/>otal e<span class=\"_ _5\"/>xpected costs t<span class=\"_ _5\"/>o complet<span class=\"_ _5\"/>e all performanc<span class=\"_ _5\"/>e obligations in a contr<span class=\"_ _5\"/>act exc<span class=\"_ _5\"/>eed the t<span class=\"_ _5\"/>otal tr<span class=\"_ _5\"/>ansaction price (considera<span class=\"_ _5\"/>tion) of <span class=\"_ _5\"/>these performance obligations,<span class=\"_ _b\"/> a loss provision is r<span class=\"_ _5\"/>ecognized f<span class=\"_ _5\"/>or the lo<span class=\"_ _5\"/>wer of<span class=\"_ _5\"/> the unavoidabl<span class=\"_ _5\"/>e costs and the c<span class=\"_ _5\"/>osts of <span class=\"_ _5\"/>termina<span class=\"_ _5\"/>tion.Financing componentArcadis genera<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y does not ha<span class=\"_ _5\"/>ve any<span class=\"_ _5\"/> significant contr<span class=\"_ _5\"/>acts where the period betw<span class=\"_ _5\"/>een the trans<span class=\"_ _5\"/>fer o<span class=\"_ _5\"/>f the pr<span class=\"_ _5\"/>omised goods or services t<span class=\"_ _5\"/>o customer<span class=\"_ _5\"/> and the payment<span class=\"_ _5\"/> by the cus<span class=\"_ _5\"/>tomer<span class=\"_ _0\"/>,<span class=\"_ _5\"/> as contractual<span class=\"_ _5\"/>ly a<span class=\"_ _5\"/>greed,<span class=\"_ _b\"/> exceeds one y<span class=\"_ _5\"/>ear<span class=\"_ _b\"/>.<span class=\"_ _5\"/> If applicable,<span class=\"_ _0\"/> the transaction price is adjus<span class=\"_ _5\"/>ted f<span class=\"_ _5\"/>or the <span class=\"_ _5\"/>time val<span class=\"_ _5\"/>ue of money<span class=\"_ _b\"/>.<span class=\"_ _b\"/> Payments of<span class=\"_ _5\"/> customers aft<span class=\"_ _5\"/>er the agr<span class=\"_ _5\"/>eed payment<span class=\"_ _5\"/> term are cover<span class=\"_ _5\"/>ed by the a<span class=\"_ _5\"/>ccounting policy on <span class=\"_ _5\"/>T<span class=\"_ _5\"/>rade rec<span class=\"_ _5\"/>eivables,<span class=\"_ _b\"/> see note 21.Agent v<span class=\"_ _5\"/>ersus principalFor<span class=\"_ _5\"/> each performance obliga<span class=\"_ _5\"/>tion the Group assesses whether<span class=\"_ _5\"/> the natur<span class=\"_ _5\"/>e of <span class=\"_ _5\"/>Arcadis\u2019<span class=\"_ _b\"/> commitment is <span class=\"_ _5\"/>to pro<span class=\"_ _5\"/>vide the goods and/<span class=\"_ _5\"/>or services itself<span class=\"_ _b\"/>,<span class=\"_ _5\"/> or t<span class=\"_ _5\"/>o arrange f<span class=\"_ _5\"/>or those good(s) and/<span class=\"_ _b\"/>or ser<span class=\"_ _6\"/>vice(s) t<span class=\"_ _5\"/>o be provided by<span class=\"_ _5\"/> another party<span class=\"_ _b\"/>. <span class=\"_ _5\"/>Arcadis assesses whether<span class=\"_ _5\"/> it contr<span class=\"_ _5\"/>ols the specified good(s) and/or<span class=\"_ _5\"/> service(s) before it<span class=\"_ _5\"/> is transf<span class=\"_ _5\"/>erred t<span class=\"_ _5\"/>o the cust<span class=\"_ _5\"/>omer<span class=\"_ _b\"/>.Arcadis is <span class=\"_ _5\"/>typicall<span class=\"_ _5\"/>y a principal in case o<span class=\"_ _5\"/>f subcontra<span class=\"_ _5\"/>cted work,<span class=\"_ _b\"/> as Arcadis is primaril<span class=\"_ _5\"/>y responsible <span class=\"_ _5\"/>for <span class=\"_ _5\"/>fulfilling the pr<span class=\"_ _5\"/>omise to pro<span class=\"_ _5\"/>vide the specified good(s) and/<span class=\"_ _5\"/>or service(s) and bears primary responsibility f<span class=\"_ _5\"/>or it meeting cus<span class=\"_ _5\"/>tomer specifications and has discretion in es<span class=\"_ _5\"/>tablishing the price t<span class=\"_ _5\"/>owar<span class=\"_ _5\"/>ds the customer<span class=\"_ _0\"/>.<span class=\"_ _5\"/> When Ar<span class=\"_ _5\"/>cadis acts as an agent,<span class=\"_ _b\"/> only<span class=\"_ _5\"/> the f<span class=\"_ _5\"/>ee/<span class=\"_ _5\"/>commission is recognized on a ne<span class=\"_ _5\"/>t basis in Gross re<span class=\"_ _5\"/>venues.Gross v<span class=\"_ _5\"/>ersus net rev<span class=\"_ _5\"/>enuesGross rev<span class=\"_ _5\"/>enues consist o<span class=\"_ _5\"/>f ext<span class=\"_ _5\"/>ernal rev<span class=\"_ _5\"/>enues net of<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue-added tax, r<span class=\"_ _5\"/>ebates and disc<span class=\"_ _5\"/>ounts and after<span class=\"_ _5\"/> eliminating sales within the Group<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Net re<span class=\"_ _5\"/>venue is a non-GAAP per<span class=\"_ _6\"/>formance measur<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> which represents re<span class=\"_ _5\"/>venue genera<span class=\"_ _5\"/>ted by o<span class=\"_ _5\"/>wn staff<span class=\"_ _b\"/>. It is a sub-t<span class=\"_ _5\"/>otal cal<span class=\"_ _5\"/>culated as Gr<span class=\"_ _5\"/>oss revenue minus Ma<span class=\"_ _5\"/>terials,<span class=\"_ _b\"/> services of thir<span class=\"_ _5\"/>d parties and subcontractors,<span class=\"_ _b\"/> which are project-rela<span class=\"_ _5\"/>ted cos<span class=\"_ _5\"/>ts of ma<span class=\"_ _5\"/>terials and services charged b<span class=\"_ _5\"/>y third parties,<span class=\"_ _b\"/> including cost o<span class=\"_ _5\"/>f subcontr<span class=\"_ _5\"/>actors.Other income (e<span class=\"_ _5\"/>xpense) includes resul<span class=\"_ _5\"/>ts that<span class=\"_ _5\"/> arise from even<span class=\"_ _5\"/>ts or transa<span class=\"_ _5\"/>ctions that ar<span class=\"_ _5\"/>e clearly<span class=\"_ _5\"/> distinct from <span class=\"_ _5\"/>the ordinary activities of<span class=\"_ _5\"/> the Company<span class=\"_ _b\"/>.<span class=\"_ _b\"/> Gains or losses on the sale o<span class=\"_ _5\"/>f assets ar<span class=\"_ _5\"/>e recognized as part of<span class=\"_ _5\"/> Other income (expense).All employ<span class=\"_ _5\"/>ee-related c<span class=\"_ _5\"/>osts as wel<span class=\"_ _5\"/>l as non-project-relat<span class=\"_ _5\"/>ed out-of<span class=\"_ _5\"/>-pocket e<span class=\"_ _5\"/>xpenses and relat<span class=\"_ _5\"/>ed restructuring costs,<span class=\"_ _b\"/> are recognized as oper<span class=\"_ _5\"/>ational c<span class=\"_ _5\"/>ost as incurred.Operationa<span class=\"_ _5\"/>l costs include<span class=\"_ _5\"/>,<span class=\"_ _5\"/> amongst o<span class=\"_ _5\"/>thers,<span class=\"_ _5\"/> the costs o<span class=\"_ _5\"/>f licenses,<span class=\"_ _b\"/> tes<span class=\"_ _5\"/>ting,<span class=\"_ _5\"/> data con<span class=\"_ _5\"/>versation and tr<span class=\"_ _5\"/>aining costs rela<span class=\"_ _5\"/>ting to Cloud computing arrangemen<span class=\"_ _5\"/>ts that<span class=\"_ _5\"/> do not pr<span class=\"_ _5\"/>ovide control o<span class=\"_ _5\"/>ver an intangibl<span class=\"_ _5\"/>e asset.<span class=\"_ _5\"/> Part of <span class=\"_ _5\"/>these costs could be personnel costs if<span class=\"_ _5\"/> the activities are performed by<span class=\"_ _5\"/> Arcadis<span class=\"_ _5\"/>\u2019<span class=\"_ _5\"/> personnel.The Company<span class=\"_ _5\"/> operat<span class=\"_ _5\"/>es share-based incentive plans.<span class=\"_ _b\"/> The fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue of equity<span class=\"_ _5\"/>-settled compensa<span class=\"_ _5\"/>tions at<span class=\"_ _5\"/> grant da<span class=\"_ _5\"/>te under the <span class=\"_ _5\"/>Arcadis long-<span class=\"_ _5\"/>term incentiv<span class=\"_ _5\"/>e plan is recognized as an emplo<span class=\"_ _5\"/>yee expense (in Salaries and <span class=\"_ _5\"/>wages),<span class=\"_ _b\"/> with a corresponding increase in equity<span class=\"_ _0\"/>, o<span class=\"_ _5\"/>ver the <span class=\"_ _5\"/>vesting period.<span class=\"_ _b\"/> The amount rec<span class=\"_ _5\"/>ognized as an expense is adjust<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o reflect the actual number o<span class=\"_ _5\"/>f aw<span class=\"_ _5\"/>ards f<span class=\"_ _5\"/>or which the r<span class=\"_ _5\"/>elated service and non-mark<span class=\"_ _5\"/>et performance c<span class=\"_ _5\"/>onditions are expected t<span class=\"_ _5\"/>o be met,<span class=\"_ _b\"/> such that <span class=\"_ _5\"/>the amount ul<span class=\"_ _5\"/>timat<span class=\"_ _5\"/>ely<span class=\"_ _5\"/> recognized as expense is based on <span class=\"_ _5\"/>the actual number o<span class=\"_ _5\"/>f awar<span class=\"_ _5\"/>ds meeting these vesting conditions.The fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue of gran<span class=\"_ _5\"/>ted shares subject <span class=\"_ _5\"/>to a marke<span class=\"_ _5\"/>t condition is measured using a Mon<span class=\"_ _5\"/>te Carlo simula<span class=\"_ _5\"/>tion model. Measurement<span class=\"_ _5\"/> inputs include the share price on measur<span class=\"_ _5\"/>ement da<span class=\"_ _5\"/>te,<span class=\"_ _b\"/> the expected <span class=\"_ _5\"/>volatility<span class=\"_ _b\"/>,<span class=\"_ _5\"/> weight<span class=\"_ _5\"/>ed av<span class=\"_ _5\"/>erage expected life o<span class=\"_ _5\"/>f the instrumen<span class=\"_ _5\"/>t and the risk<span class=\"_ _5\"/>-free int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e.As the fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue is amor<span class=\"_ _6\"/>tized over<span class=\"_ _5\"/> the ves<span class=\"_ _5\"/>ting period,<span class=\"_ _5\"/> the costs ar<span class=\"_ _5\"/>e recognized in <span class=\"_ _5\"/>the Income Stat<span class=\"_ _5\"/>ement.<span class=\"_ _b\"/> The amortization costs are a<span class=\"_ _5\"/>djusted <span class=\"_ _5\"/>for e<span class=\"_ _5\"/>ffects of cancel<span class=\"_ _5\"/>led and f<span class=\"_ _5\"/>or<span class=\"_ _6\"/>feit<span class=\"_ _5\"/>ed grants.<span class=\"_ _b\"/> The vesting and e<span class=\"_ _5\"/>xercise o<span class=\"_ _5\"/>f rights t<span class=\"_ _5\"/>o acquire shar<span class=\"_ _5\"/>es may be c<span class=\"_ _5\"/>onditional t<span class=\"_ _5\"/>o per<span class=\"_ _6\"/>formance c<span class=\"_ _5\"/>onditions and other c<span class=\"_ _5\"/>onditions,<span class=\"_ _5\"/> as set by<span class=\"_ _5\"/> the Supervisor<span class=\"_ _6\"/>y Board.Net <span class=\"_ _5\"/>finance expenses comprise finance inc<span class=\"_ _5\"/>ome,<span class=\"_ _b\"/> finance expenses and the fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue change of deriv<span class=\"_ _5\"/>atives a<span class=\"_ _5\"/>t fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue through pro<span class=\"_ _5\"/>fit or loss.<span class=\"_ _b\"/> Finance income comprises in<span class=\"_ _5\"/>terest<span class=\"_ _5\"/> income on funds inv<span class=\"_ _5\"/>ested and finance e<span class=\"_ _5\"/>xpenses comprise inter<span class=\"_ _5\"/>est expense on borr<span class=\"_ _5\"/>owings,<span class=\"_ _5\"/> and the unwinding o<span class=\"_ _5\"/>f discoun<span class=\"_ _5\"/>t on provisions and con<span class=\"_ _5\"/>tingent consider<span class=\"_ _5\"/>ation.Finance income and <span class=\"_ _5\"/>finance expenses are recogniz<span class=\"_ _5\"/>ed in profit or<span class=\"_ _5\"/> loss,<span class=\"_ _5\"/> using the eff<span class=\"_ _5\"/>ective interes<span class=\"_ _5\"/>t method.<span class=\"_ _b\"/> The fair<span class=\"_ _5\"/> value changes of<span class=\"_ _5\"/> derivatives c<span class=\"_ _5\"/>omprise the fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue changes on financial assets at<span class=\"_ _5\"/> fair <span class=\"_ _5\"/>value <span class=\"_ _5\"/>through profit<span class=\"_ _5\"/> or loss,<span class=\"_ _b\"/> as far as these relat<span class=\"_ _5\"/>e t<span class=\"_ _5\"/>o financing items in the C<span class=\"_ _5\"/>ompany<span class=\"_ _b\"/>. <span class=\"_ _5\"/>These fair <span class=\"_ _5\"/>value changes ar<span class=\"_ _5\"/>e par<span class=\"_ _6\"/>tiall<span class=\"_ _5\"/>y o<span class=\"_ _5\"/>ffset by <span class=\"_ _5\"/>the foreign curr<span class=\"_ _5\"/>ency gains and losses.For<span class=\"_ _5\"/>eign currency gains and losses are r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ted on a net<span class=\"_ _5\"/> basis as either finance income or<span class=\"_ _5\"/> finance expense if it<span class=\"_ _5\"/> concerns exchange r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e results on <span class=\"_ _5\"/>financing items.<span class=\"_ _b\"/> Exchange rat<span class=\"_ _5\"/>e resul<span class=\"_ _5\"/>ts on operating it<span class=\"_ _5\"/>ems are included in Other opera<span class=\"_ _5\"/>tional costs (see no<span class=\"_ _5\"/>te 9).Income tax<span class=\"_ _5\"/>es comprise current and de<span class=\"_ _5\"/>ferred <span class=\"_ _5\"/>tax<span class=\"_ _6\"/>.<span class=\"_ _5\"/> Income tax is r<span class=\"_ _5\"/>ecognized in pro<span class=\"_ _5\"/>fit or loss,<span class=\"_ _b\"/> excep<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o the ext<span class=\"_ _5\"/>ent <span class=\"_ _5\"/>that <span class=\"_ _5\"/>the tax arises from it<span class=\"_ _5\"/>ems recognized in o<span class=\"_ _5\"/>ther compr<span class=\"_ _5\"/>ehensive income,<span class=\"_ _b\"/> directly<span class=\"_ _5\"/> in equity or fr<span class=\"_ _5\"/>om a business combination.When the Group c<span class=\"_ _5\"/>onsiders it probable <span class=\"_ _5\"/>that tax<span class=\"_ _5\"/> authorities accep<span class=\"_ _5\"/>t a tax <span class=\"_ _5\"/>treatment<span class=\"_ _5\"/> it will be <span class=\"_ _5\"/>treat<span class=\"_ _5\"/>ed as such in the income tax <span class=\"_ _5\"/>filings.<span class=\"_ _5\"/> When it is no<span class=\"_ _5\"/>t considered probabl<span class=\"_ _5\"/>e that<span class=\"_ _5\"/> a tax trea<span class=\"_ _5\"/>tment is a<span class=\"_ _5\"/>ccept<span class=\"_ _5\"/>ed,<span class=\"_ _b\"/> the Group uses the most<span class=\"_ _5\"/> likel<span class=\"_ _5\"/>y amount or the expected v<span class=\"_ _5\"/>alue of<span class=\"_ _5\"/> the tax treatment<span class=\"_ _5\"/> Current<span class=\"_ _5\"/> taxCurrent<span class=\"_ _5\"/> tax is the <span class=\"_ _6\"/>expected tax pay<span class=\"_ _5\"/>able on taxable income for the y<span class=\"_ _5\"/>ear and adjustments to tax pa<span class=\"_ _5\"/>yable relat<span class=\"_ _5\"/>ed to previous <span class=\"_ _5\"/>years.<span class=\"_ _5\"/> It is measured using <span class=\"_ _5\"/>the tax ra<span class=\"_ _5\"/>tes enacted or<span class=\"_ _5\"/> substantivel<span class=\"_ _b\"/>y enacted at<span class=\"_ _5\"/> the reporting dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The difference between income <span class=\"_ _5\"/>tax recognized in pr<span class=\"_ _5\"/>ofit or l<span class=\"_ _5\"/>oss and income tax paid in the cash <span class=\"_ _5\"/>flow sta<span class=\"_ _5\"/>tement<span class=\"_ _5\"/> differs primaril<span class=\"_ _5\"/>y due t<span class=\"_ _5\"/>o deferr<span class=\"_ _5\"/>ed tax recogniz<span class=\"_ _5\"/>ed on tempor<span class=\"_ _5\"/>ar<span class=\"_ _6\"/>y differ<span class=\"_ _5\"/>ences and payment<span class=\"_ _5\"/> of inc<span class=\"_ _5\"/>ome tax occurring aft<span class=\"_ _5\"/>er the reporting dat<span class=\"_ _5\"/>e.Deferr<span class=\"_ _5\"/>ed taxDeferr<span class=\"_ _5\"/>ed tax is recogniz<span class=\"_ _5\"/>ed using the balance shee<span class=\"_ _5\"/>t method and it is no<span class=\"_ _5\"/>t recogniz<span class=\"_ _5\"/>ed for:\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">the initial recognition o<span class=\"_ _5\"/>f goodwill;</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">the initial recognition o<span class=\"_ _5\"/>f assets or liabilities <span class=\"_ _5\"/>that a<span class=\"_ _5\"/>\ue61dect neither a<span class=\"_ _5\"/>ccounting nor<span class=\"_ _5\"/> taxable pro<span class=\"_ _5\"/>fit or l<span class=\"_ _5\"/>oss; and</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1d\">investments in subsidiaries to the ext<span class=\"_ _5\"/>ent tha<span class=\"_ _5\"/>t they wil<span class=\"_ _5\"/>l probably no<span class=\"_ _5\"/>t reverse in the for<span class=\"_ _5\"/>eseeable future.</span>Measurement<span class=\"_ _5\"/> of def<span class=\"_ _5\"/>erred tax is based upon <span class=\"_ _5\"/>tax rat<span class=\"_ _5\"/>es enacted or<span class=\"_ _5\"/> substantiall<span class=\"_ _b\"/>y enacted expected <span class=\"_ _5\"/>to be applied in the years in which <span class=\"_ _5\"/>the tempor<span class=\"_ _5\"/>ar<span class=\"_ _6\"/>y differenc<span class=\"_ _5\"/>es are expected <span class=\"_ _5\"/>to rev<span class=\"_ _5\"/>erse.<span class=\"_ _b\"/> Deferred tax<span class=\"_ _5\"/>es are not<span class=\"_ _5\"/> discounted.A def<span class=\"_ _5\"/>erred tax asse<span class=\"_ _5\"/>t is recognized <span class=\"_ _5\"/>for unused <span class=\"_ _5\"/>tax losses,<span class=\"_ _b\"/> tax credits and deductible t<span class=\"_ _5\"/>emporary differences,<span class=\"_ _b\"/> to <span class=\"_ _5\"/>the exten<span class=\"_ _5\"/>t that<span class=\"_ _5\"/> it is probable <span class=\"_ _5\"/>that futur<span class=\"_ _5\"/>e profits wil<span class=\"_ _5\"/>l be available a<span class=\"_ _5\"/>gainst which <span class=\"_ _5\"/>they can be utilized.<span class=\"_ _b\"/> Deferr<span class=\"_ _5\"/>ed tax assets are reduced <span class=\"_ _5\"/>to the ext<span class=\"_ _5\"/>ent <span class=\"_ _5\"/>that it<span class=\"_ _5\"/> is no longer probabl<span class=\"_ _5\"/>e that <span class=\"_ _5\"/>the relat<span class=\"_ _5\"/>ed tax benefit <span class=\"_ _5\"/>will be realiz<span class=\"_ _5\"/>ed.Basic earnings per share is ca<span class=\"_ _5\"/>lculat<span class=\"_ _5\"/>ed by dividing the pr<span class=\"_ _5\"/>ofit or l<span class=\"_ _5\"/>oss attributable t<span class=\"_ _5\"/>o the equity hol<span class=\"_ _5\"/>ders of <span class=\"_ _5\"/>the Company b<span class=\"_ _5\"/>y the weigh<span class=\"_ _5\"/>ted av<span class=\"_ _5\"/>erage number o<span class=\"_ _5\"/>f shares outstanding during <span class=\"_ _5\"/>the period,<span class=\"_ _5\"/> excl<span class=\"_ _5\"/>uding ordinary shares purchased by<span class=\"_ _5\"/> the Company<span class=\"_ _5\"/> and held as treasury shares (i.<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> shares purchased to c<span class=\"_ _5\"/>over shar<span class=\"_ _5\"/>e/<span class=\"_ _5\"/>option plans).<span class=\"_ _b\"/> Diluted earnings per<span class=\"_ _5\"/> share is calcula<span class=\"_ _5\"/>ted based on the basic earnings per<span class=\"_ _5\"/> share and using the <span class=\"_ _5\"/>weighted a<span class=\"_ _5\"/>verage number<span class=\"_ _5\"/> of<span class=\"_ _5\"/> shares and options outstanding during <span class=\"_ _5\"/>the period as far as <span class=\"_ _5\"/>these have a po<span class=\"_ _5\"/>tentia<span class=\"_ _5\"/>l dilutive effect,<span class=\"_ _b\"/> i.e.<span class=\"_ _b\"/> when the exer<span class=\"_ _5\"/>cise price of<span class=\"_ _5\"/> these options is lo<span class=\"_ _5\"/>wer than <span class=\"_ _5\"/>the share price.<span class=\"_ _b\"/> The a<span class=\"_ _5\"/>verage number o<span class=\"_ _5\"/>f po<span class=\"_ _5\"/>tential<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> diluted shares is based on the a<span class=\"_ _5\"/>verage share pric<span class=\"_ _5\"/>e in the period on the Eurone<span class=\"_ _5\"/>xt Amst<span class=\"_ _5\"/>erdam St<span class=\"_ _5\"/>ock Exchange and <span class=\"_ _5\"/>the options tha<span class=\"_ _5\"/>t wer<span class=\"_ _5\"/>e in the money<span class=\"_ _b\"/>.GoodwillGoodwill arises fr<span class=\"_ _5\"/>om business combinations and repr<span class=\"_ _5\"/>esents the ex<span class=\"_ _5\"/>cess of<span class=\"_ _5\"/> the cost<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the acquisition over<span class=\"_ _5\"/> the Company\u2019s in<span class=\"_ _5\"/>terest<span class=\"_ _5\"/> in the net <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue o<span class=\"_ _5\"/>f the identifiable assets,<span class=\"_ _0\"/> liabilities and contingent liabilities o<span class=\"_ _5\"/>f the ac<span class=\"_ _5\"/>quired company<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Goodwill in respect o<span class=\"_ _5\"/>f equity ac<span class=\"_ _5\"/>count<span class=\"_ _5\"/>ed invest<span class=\"_ _5\"/>ees is included in the carrying amount o<span class=\"_ _5\"/>f the inves<span class=\"_ _5\"/>tment.<span class=\"_ _b\"/> Goodwill is measured a<span class=\"_ _5\"/>t cost<span class=\"_ _5\"/> less accumula<span class=\"_ _5\"/>ted impairment<span class=\"_ _5\"/> losses.Other intangibl<span class=\"_ _5\"/>e assets Other intangibl<span class=\"_ _5\"/>e assets mainly<span class=\"_ _5\"/> consist o<span class=\"_ _5\"/>f cust<span class=\"_ _5\"/>omer rela<span class=\"_ _5\"/>tionships,<span class=\"_ _5\"/> trade names and e<span class=\"_ _5\"/>xpected profits in the ba<span class=\"_ _5\"/>cklog of<span class=\"_ _5\"/> acquired c<span class=\"_ _5\"/>ompanies at <span class=\"_ _5\"/>the acquisition dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> Measurement o<span class=\"_ _5\"/>f Other intangibl<span class=\"_ _5\"/>e assets acquir<span class=\"_ _5\"/>ed in a business combination invol<span class=\"_ _5\"/>ves the use o<span class=\"_ _5\"/>f estima<span class=\"_ _5\"/>tes f<span class=\"_ _5\"/>or det<span class=\"_ _5\"/>ermining the fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue at a<span class=\"_ _5\"/>cquisition dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> This mainly r<span class=\"_ _5\"/>elat<span class=\"_ _5\"/>es to expect<span class=\"_ _5\"/>ed profits in the backlog o<span class=\"_ _5\"/>f the ac<span class=\"_ _5\"/>quired companies,<span class=\"_ _b\"/> the customer<span class=\"_ _5\"/> lists at<span class=\"_ _5\"/> the acquisition da<span class=\"_ _5\"/>te and the <span class=\"_ _5\"/>trade name v<span class=\"_ _5\"/>alue.<span class=\"_ _b\"/> The fair<span class=\"_ _5\"/> value is based on disc<span class=\"_ _5\"/>ounted cash <span class=\"_ _5\"/>flows expected <span class=\"_ _5\"/>to be rec<span class=\"_ _5\"/>eived from <span class=\"_ _5\"/>these identifiable intangible assets.<span class=\"_ _b\"/> Subsequentl<span class=\"_ _5\"/>y<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the assets ar<span class=\"_ _5\"/>e amor<span class=\"_ _6\"/>tized over<span class=\"_ _5\"/> the estima<span class=\"_ _5\"/>ted useful lif<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The amortization is recognized in pr<span class=\"_ _5\"/>ofit or loss on a straight<span class=\"_ _5\"/>-line basis,<span class=\"_ _5\"/> exc<span class=\"_ _5\"/>ept <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the backlog which is ca<span class=\"_ _5\"/>lculat<span class=\"_ _5\"/>ed based on the expected pa<span class=\"_ _5\"/>ttern o<span class=\"_ _5\"/>f consumption o<span class=\"_ _5\"/>f futur<span class=\"_ _5\"/>e economic benefits embodied in the ba<span class=\"_ _5\"/>cklog.<span class=\"_ _5\"/> The amortization methods and use<span class=\"_ _5\"/>ful lives,<span class=\"_ _5\"/> as wel<span class=\"_ _5\"/>l as residual va<span class=\"_ _5\"/>lues,<span class=\"_ _b\"/> are reassessed annuall<span class=\"_ _b\"/>y<span class=\"_ _5\"/>.SoftwareSoftware is measur<span class=\"_ _5\"/>ed at c<span class=\"_ _5\"/>ost less ac<span class=\"_ _5\"/>cumulat<span class=\"_ _5\"/>ed amor<span class=\"_ _6\"/>tization and impairment<span class=\"_ _5\"/> losses.<span class=\"_ _b\"/> Software has a finite lif<span class=\"_ _5\"/>e and is amortized on a straight<span class=\"_ _5\"/>-line basis over <span class=\"_ _5\"/>the estimat<span class=\"_ _5\"/>ed useful life.<span class=\"_ _0\"/> The amor<span class=\"_ _6\"/>tization methods and use<span class=\"_ _5\"/>ful lives,<span class=\"_ _b\"/> as well as residual <span class=\"_ _5\"/>values,<span class=\"_ _b\"/> are reassessed annuall<span class=\"_ _b\"/>y.<span class=\"_ _0\"/> Subsequent costs are r<span class=\"_ _5\"/>ecognized in the carrying amount o<span class=\"_ _5\"/>f Softwar<span class=\"_ _5\"/>e only<span class=\"_ _5\"/> when it increases <span class=\"_ _5\"/>the future economic bene<span class=\"_ _5\"/>fits. <span class=\"_ _5\"/>All other<span class=\"_ _5\"/> expenditures are rec<span class=\"_ _5\"/>ognized in profit<span class=\"_ _5\"/> or loss as incurred.Configura<span class=\"_ _5\"/>tion and customiza<span class=\"_ _5\"/>tion costs rela<span class=\"_ _5\"/>ting t<span class=\"_ _5\"/>o cloud computing arrangements,<span class=\"_ _b\"/> whereby<span class=\"_ _5\"/> the Compan<span class=\"_ _5\"/>y does not obtain an intangibl<span class=\"_ _5\"/>e asset,<span class=\"_ _b\"/> are expensed when incurred.<span class=\"_ _b\"/> In such case,<span class=\"_ _b\"/> prepaid licenses are recogniz<span class=\"_ _5\"/>ed as prepaid expenses (as part of<span class=\"_ _5\"/> Other current<span class=\"_ _5\"/> assets) and tes<span class=\"_ _5\"/>ting,<span class=\"_ _5\"/> training and da<span class=\"_ _5\"/>ta conversion c<span class=\"_ _5\"/>osts are recogniz<span class=\"_ _5\"/>ed as Personnel costs and/<span class=\"_ _b\"/>or Other opera<span class=\"_ _5\"/>tional costs as incurred.<span class=\"_ _b\"/>   Estimat<span class=\"_ _5\"/>ed useful lives The estimat<span class=\"_ _5\"/>ed useful lives o<span class=\"_ _5\"/>f Goodwill and Intangibl<span class=\"_ _5\"/>e assets varies a<span class=\"_ _5\"/>ccording t<span class=\"_ _5\"/>o their r<span class=\"_ _5\"/>espective categories,<span class=\"_ _b\"/> as shown below.Cat<span class=\"_ _5\"/>egory<span class=\"_ _247\"> </span>Y<span class=\"_ _b\"/>earsGoodwill<span class=\"_ _248\"> </span>Not<span class=\"_ _5\"/> amor<span class=\"_ _6\"/>tizedSoftware <span class=\"_ _249\"> </span><span class=\"ws44\">0.5 \u2013<span class=\"_ _b\"/> <span class=\"_ _6\"/>10 </span>Other intangibl<span class=\"_ _5\"/>e assets<span class=\"_ _24a\"> </span><span class=\"ls16f wsac\">3<span class=\"_ _6\"/> \u2013 <span class=\"_ _7\"/>1<span class=\"_ _6\"/>0<span class=\"_ _7\"/> </span>Intangibles under<span class=\"_ _5\"/> development<span class=\"_ _24b\"> </span>Not<span class=\"_ _5\"/> amor<span class=\"_ _6\"/>tized (yet)Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipmen<span class=\"_ _5\"/>t is measured at<span class=\"_ _5\"/> cost l<span class=\"_ _5\"/>ess accumulat<span class=\"_ _5\"/>ed deprecia<span class=\"_ _5\"/>tion and impairment losses.<span class=\"_ _b\"/> Costs include expenditures <span class=\"_ _5\"/>that are dir<span class=\"_ _5\"/>ectly a<span class=\"_ _5\"/>ttributable t<span class=\"_ _5\"/>o the acquisition o<span class=\"_ _5\"/>f the asse<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> Subsequent c<span class=\"_ _5\"/>osts are recogniz<span class=\"_ _5\"/>ed in the carrying amount of<span class=\"_ _5\"/> Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipment<span class=\"_ _5\"/> if it is probabl<span class=\"_ _5\"/>e that<span class=\"_ _5\"/> future economic benefits wil<span class=\"_ _5\"/>l be obtained.<span class=\"_ _b\"/> The costs o<span class=\"_ _5\"/>f day<span class=\"_ _5\"/>-to-day<span class=\"_ _5\"/> ser<span class=\"_ _6\"/>vicing of<span class=\"_ _5\"/> property,<span class=\"_ _b\"/> plant &amp; equipmen<span class=\"_ _5\"/>t are expensed as incurred.Depreciation,<span class=\"_ _0\"/> based on the cost o<span class=\"_ _5\"/>f an asset l<span class=\"_ _5\"/>ess its residual v<span class=\"_ _5\"/>alue,<span class=\"_ _b\"/> is recognized in pro<span class=\"_ _5\"/>fit or loss on a s<span class=\"_ _5\"/>traight-line basis over<span class=\"_ _5\"/> the estimat<span class=\"_ _5\"/>ed useful life<span class=\"_ _5\"/>.<span class=\"_ _5\"/> The estima<span class=\"_ _5\"/>ted useful lif<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> Property,<span class=\"_ _b\"/> plant &amp; equipmen<span class=\"_ _5\"/>t vary ac<span class=\"_ _5\"/>cording t<span class=\"_ _5\"/>o their respective cat<span class=\"_ _5\"/>egories,<span class=\"_ _b\"/> as shown in the table her<span class=\"_ _5\"/>eafter<span class=\"_ _0\"/>.Cat<span class=\"_ _5\"/>egory<span class=\"_ _185\"> </span>Y<span class=\"_ _b\"/>earsLand<span class=\"_ _199\"> </span><span class=\"ws1\">Not deprecia<span class=\"_ _5\"/>ted</span>Buildings <span class=\"_ _207\"> </span><span class=\"ls3 ws18b\">30 -<span class=\"_ _0\"/> <span class=\"_ _7\"/>40 </span>Furnitures and fixtures<span class=\"_ _162\"> </span><span class=\"ls168 ws1\">5<span class=\"_ _6\"/> - <span class=\"_ _7\"/>10<span class=\"_ _7\"/> </span>(IT) equipment<span class=\"_ _258\"> </span><span class=\"ls168\">5<span class=\"_ _6\"/> - <span class=\"_ _7\"/>10<span class=\"_ _7\"/> </span>Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant and equipment<span class=\"_ _5\"/> under devel<span class=\"_ _5\"/>opment<span class=\"_ _259\"> </span>Not<span class=\"_ _5\"/> depreciat<span class=\"_ _5\"/>ed (yet)Depreciation me<span class=\"_ _5\"/>thods and useful life<span class=\"_ _5\"/>,<span class=\"_ _5\"/> as well as r<span class=\"_ _5\"/>esidual va<span class=\"_ _5\"/>lues,<span class=\"_ _5\"/> are reassessed annual<span class=\"_ _5\"/>ly<span class=\"_ _b\"/>.<span class=\"_ _5\"/> When parts of an it<span class=\"_ _5\"/>em of Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipmen<span class=\"_ _5\"/>t have diff<span class=\"_ _5\"/>erent use<span class=\"_ _5\"/>ful life,<span class=\"_ _b\"/> they ar<span class=\"_ _5\"/>e account<span class=\"_ _5\"/>ed f<span class=\"_ _5\"/>or as separa<span class=\"_ _5\"/>te items (major c<span class=\"_ _5\"/>omponents) of<span class=\"_ _5\"/> Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipmen<span class=\"_ _5\"/>t.Gains on the sal<span class=\"_ _5\"/>e of an it<span class=\"_ _5\"/>em of Pr<span class=\"_ _5\"/>oper<span class=\"_ _6\"/>ty<span class=\"_ _b\"/>, plan<span class=\"_ _5\"/>t &amp; equipment ar<span class=\"_ _5\"/>e determined by<span class=\"_ _5\"/> comparing the proc<span class=\"_ _5\"/>eeds from disposal with the carrying amount o<span class=\"_ _5\"/>f Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipmen<span class=\"_ _5\"/>t and are rec<span class=\"_ _5\"/>ognized within Other income in <span class=\"_ _5\"/>the Consolidat<span class=\"_ _5\"/>ed income sta<span class=\"_ _5\"/>tement.<span class=\"_ _b\"/> Losses on the sa<span class=\"_ _5\"/>le of an it<span class=\"_ _5\"/>em of<span class=\"_ _5\"/> Property,<span class=\"_ _b\"/> plant &amp; equipmen<span class=\"_ _5\"/>t are recogniz<span class=\"_ _5\"/>ed within Other operationa<span class=\"_ _5\"/>l costs in the C<span class=\"_ _5\"/>onsolidated inc<span class=\"_ _5\"/>ome stat<span class=\"_ _5\"/>ement.The determina<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> impairment of<span class=\"_ _5\"/> Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipment<span class=\"_ _5\"/> invol<span class=\"_ _5\"/>ves the use o<span class=\"_ _5\"/>f estima<span class=\"_ _5\"/>tes.<span class=\"_ _b\"/> The recov<span class=\"_ _5\"/>erable amount is de<span class=\"_ _5\"/>termined by disc<span class=\"_ _5\"/>ounting the estima<span class=\"_ _5\"/>ted futur<span class=\"_ _5\"/>e cash flows <span class=\"_ _5\"/>to present<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue using a discount r<span class=\"_ _5\"/>ate <span class=\"_ _5\"/>that reflects the curr<span class=\"_ _5\"/>ent marke<span class=\"_ _5\"/>t assessments o<span class=\"_ _5\"/>f the time <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f money and <span class=\"_ _5\"/>the risks specific to <span class=\"_ _5\"/>the asset.<span class=\"_ _5\"/> The identification o<span class=\"_ _5\"/>f impairment indica<span class=\"_ _5\"/>tors,<span class=\"_ _b\"/> as well as <span class=\"_ _5\"/>the estimation o<span class=\"_ _5\"/>f future cash <span class=\"_ _5\"/>flows,<span class=\"_ _b\"/> discount ra<span class=\"_ _5\"/>tes and <span class=\"_ _5\"/>the determina<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue for<span class=\"_ _5\"/> the assets requires mana<span class=\"_ _5\"/>gement t<span class=\"_ _5\"/>o make significant judgemen<span class=\"_ _5\"/>ts.A con<span class=\"_ _5\"/>tract is,<span class=\"_ _b\"/> or contains,<span class=\"_ _b\"/> a lease if it c<span class=\"_ _5\"/>onveys <span class=\"_ _5\"/>the right t<span class=\"_ _5\"/>o control <span class=\"_ _5\"/>the use of an iden<span class=\"_ _5\"/>tified asset f<span class=\"_ _5\"/>or a period of<span class=\"_ _5\"/> time in exchange <span class=\"_ _5\"/>for c<span class=\"_ _5\"/>onsideration.<span class=\"_ _b\"/> Control is c<span class=\"_ _5\"/>onveyed <span class=\"_ _5\"/>when the Group has bo<span class=\"_ _5\"/>th the right <span class=\"_ _5\"/>to direct <span class=\"_ _5\"/>the identified asset\u2019s use and t<span class=\"_ _5\"/>o obtain substantia<span class=\"_ _5\"/>lly<span class=\"_ _5\"/> all the ec<span class=\"_ _5\"/>onomic benefits from tha<span class=\"_ _5\"/>t use.<span class=\"_ _b\"/> Contr<span class=\"_ _5\"/>acts may con<span class=\"_ _5\"/>tain both lease and non-lease c<span class=\"_ _5\"/>omponents.<span class=\"_ _b\"/> The Group alloca<span class=\"_ _5\"/>tes <span class=\"_ _5\"/>the consideration <span class=\"_ _5\"/>to these components based on its rela<span class=\"_ _5\"/>tive stand-a<span class=\"_ _5\"/>lone prices.<span class=\"_ _b\"/> Non-lease components are no<span class=\"_ _5\"/>t included in the righ<span class=\"_ _5\"/>t-of-use asset<span class=\"_ _5\"/> and lease liability but<span class=\"_ _5\"/> account<span class=\"_ _5\"/>ed f<span class=\"_ _5\"/>or separat<span class=\"_ _5\"/>el<span class=\"_ _5\"/>y<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Right-of<span class=\"_ _5\"/>-use assets At<span class=\"_ _5\"/> commencement<span class=\"_ _5\"/> of a lease<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the Group measur<span class=\"_ _5\"/>es right-of-use asse<span class=\"_ _5\"/>ts initiall<span class=\"_ _5\"/>y at<span class=\"_ _5\"/> cost,<span class=\"_ _b\"/> and subsequently<span class=\"_ _5\"/> at c<span class=\"_ _5\"/>ost less any<span class=\"_ _5\"/> accumula<span class=\"_ _5\"/>ted deprecia<span class=\"_ _5\"/>tion and impairment losses and a<span class=\"_ _5\"/>djusted <span class=\"_ _5\"/>for certain remeasuremen<span class=\"_ _5\"/>ts of <span class=\"_ _5\"/>the lease liability<span class=\"_ _b\"/>.The cost<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the right-of-use asse<span class=\"_ _5\"/>ts comprise the f<span class=\"_ _5\"/>ollowing:\u2022 <span class=\"_ _33\"> </span><span class=\"fc6\">Amount of<span class=\"_ _5\"/> the initial measurement<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the lease liability;</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6\">Any lease paymen<span class=\"_ _5\"/>ts made at<span class=\"_ _5\"/> or befor<span class=\"_ _5\"/>e the commencemen<span class=\"_ _5\"/>t dat<span class=\"_ _5\"/>e less any l<span class=\"_ _5\"/>ease incentives rec<span class=\"_ _5\"/>eived at or<span class=\"_ _5\"/> after <span class=\"_ _5\"/>the </span>commencement<span class=\"_ _5\"/> dat<span class=\"_ _5\"/>e;\u2022 <span class=\"_ _33\"> </span><span class=\"fc6\">Any initial direct c<span class=\"_ _5\"/>osts; and</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6\">Restora<span class=\"_ _5\"/>tion costs i.<span class=\"_ _5\"/>e estimat<span class=\"_ _5\"/>e of <span class=\"_ _5\"/>the costs t<span class=\"_ _5\"/>o be incurred f<span class=\"_ _5\"/>or dismantling,<span class=\"_ _b\"/> removal and/ or<span class=\"_ _5\"/> restor<span class=\"_ _5\"/>ation t<span class=\"_ _5\"/>o the </span>conditions required b<span class=\"_ _5\"/>y the <span class=\"_ _5\"/>terms of<span class=\"_ _5\"/> the lease.See not<span class=\"_ _5\"/>e 29 for<span class=\"_ _5\"/> the acc<span class=\"_ _5\"/>ounting policy on provisions <span class=\"_ _5\"/>for right<span class=\"_ _5\"/>-of-use assets (r<span class=\"_ _5\"/>estora<span class=\"_ _5\"/>tion provisions).<span class=\"_ _b\"/> Right-of<span class=\"_ _5\"/>-use assets are genera<span class=\"_ _5\"/>lly<span class=\"_ _5\"/> depreciat<span class=\"_ _5\"/>ed over <span class=\"_ _5\"/>the shorter of<span class=\"_ _5\"/> the asset's useful lif<span class=\"_ _5\"/>e and the lease <span class=\"_ _5\"/>term on a straight<span class=\"_ _5\"/>-line basis.<span class=\"_ _5\"/>   Lease liabilitiesLease liabilities are initia<span class=\"_ _5\"/>lly<span class=\"_ _5\"/> measured at<span class=\"_ _5\"/> the present<span class=\"_ _5\"/> value o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>future lease pa<span class=\"_ _5\"/>yments that<span class=\"_ _5\"/> are not<span class=\"_ _5\"/> paid at <span class=\"_ _5\"/>the commencement<span class=\"_ _5\"/> dat<span class=\"_ _5\"/>e discounted using an implicit<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e of in<span class=\"_ _5\"/>terest,<span class=\"_ _0\"/> unless this cannot r<span class=\"_ _5\"/>eadily<span class=\"_ _5\"/> be determined,<span class=\"_ _b\"/> in which case an incremental borr<span class=\"_ _5\"/>owing ra<span class=\"_ _5\"/>te is used.<span class=\"_ _b\"/> The lease liability is subsequentl<span class=\"_ _b\"/>y increased by <span class=\"_ _5\"/>the interes<span class=\"_ _5\"/>t cost<span class=\"_ _5\"/> on the lease liability and decr<span class=\"_ _5\"/>eased by lease pa<span class=\"_ _5\"/>yments made.<span class=\"_ _b\"/> It is remeasured <span class=\"_ _5\"/>when there is a change in <span class=\"_ _5\"/>future lease paymen<span class=\"_ _5\"/>ts arising from a change in an inde<span class=\"_ _5\"/>x or ra<span class=\"_ _5\"/>te,<span class=\"_ _b\"/> a change in the estima<span class=\"_ _5\"/>te or <span class=\"_ _5\"/>the amount expect<span class=\"_ _5\"/>ed to be pa<span class=\"_ _5\"/>yable under a residual <span class=\"_ _5\"/>value guaran<span class=\"_ _5\"/>tee,<span class=\"_ _b\"/> or as appropria<span class=\"_ _5\"/>te,<span class=\"_ _b\"/> changes in the assessment o<span class=\"_ _5\"/>f whe<span class=\"_ _5\"/>ther a purchase or e<span class=\"_ _5\"/>xtension option is reasonabl<span class=\"_ _5\"/>y certain to be e<span class=\"_ _5\"/>xercised or<span class=\"_ _5\"/> a termina<span class=\"_ _5\"/>tion option is reasonabl<span class=\"_ _b\"/>y certain not t<span class=\"_ _5\"/>o be exer<span class=\"_ _5\"/>cised.Judgment is applied <span class=\"_ _5\"/>to det<span class=\"_ _5\"/>ermine the lease t<span class=\"_ _5\"/>erm f<span class=\"_ _5\"/>or some lease contr<span class=\"_ _5\"/>acts in which it is a lessee <span class=\"_ _5\"/>that incl<span class=\"_ _5\"/>ude renewal and t<span class=\"_ _5\"/>ermination options.<span class=\"_ _b\"/> The assessment<span class=\"_ _5\"/> of <span class=\"_ _5\"/>whether the Gr<span class=\"_ _5\"/>oup is reasonably<span class=\"_ _5\"/> certain to ex<span class=\"_ _5\"/>ercise such option impa<span class=\"_ _5\"/>cts the lease t<span class=\"_ _5\"/>erm,<span class=\"_ _5\"/> which significantl<span class=\"_ _5\"/>y affects <span class=\"_ _5\"/>the amount of<span class=\"_ _5\"/> lease liabilities and right-o<span class=\"_ _5\"/>f-use assets recogniz<span class=\"_ _5\"/>ed.<span class=\"_ _5\"/> A<span class=\"_ _5\"/>t reporting dat<span class=\"_ _5\"/>e all f<span class=\"_ _5\"/>acts and circumstances are c<span class=\"_ _5\"/>onsidered tha<span class=\"_ _5\"/>t creat<span class=\"_ _5\"/>e an economic incentiv<span class=\"_ _5\"/>e in determining <span class=\"_ _5\"/>whether it is reasonabl<span class=\"_ _5\"/>y certain that<span class=\"_ _5\"/> an extension or<span class=\"_ _5\"/> termina<span class=\"_ _5\"/>tion option wil<span class=\"_ _5\"/>l be recognized.<span class=\"_ _b\"/> Changes in the estima<span class=\"_ _5\"/>te are rec<span class=\"_ _5\"/>ognized prospectivel<span class=\"_ _5\"/>y<span class=\"_ _5\"/>.Incremental Borr<span class=\"_ _5\"/>owing Rat<span class=\"_ _5\"/>eThe Incremental Borr<span class=\"_ _5\"/>owing Rat<span class=\"_ _5\"/>e (IBR) is determined based on a buil<span class=\"_ _5\"/>d-up approach,<span class=\"_ _b\"/> whereby ea<span class=\"_ _5\"/>ch category o<span class=\"_ _5\"/>f leases has an IBR based on the coun<span class=\"_ _5\"/>tr<span class=\"_ _6\"/>y (and currency) o<span class=\"_ _5\"/>f the lessee and <span class=\"_ _5\"/>the lease term.<span class=\"_ _0\"/> Lease incen<span class=\"_ _5\"/>tivesLease incen<span class=\"_ _5\"/>tives are deducted fr<span class=\"_ _5\"/>om the right o<span class=\"_ _5\"/>f use assets if<span class=\"_ _5\"/> received bef<span class=\"_ _5\"/>ore the c<span class=\"_ _5\"/>ommencement da<span class=\"_ _5\"/>te of<span class=\"_ _5\"/> the lease; they ar<span class=\"_ _5\"/>e deducted from <span class=\"_ _5\"/>the lease liability if r<span class=\"_ _5\"/>eceived at<span class=\"_ _5\"/> or after<span class=\"_ _5\"/> the commencement<span class=\"_ _5\"/> dat<span class=\"_ _5\"/>e of <span class=\"_ _5\"/>the lease.<span class=\"_ _b\"/> Amounts receiv<span class=\"_ _5\"/>ed for<span class=\"_ _5\"/> leasehold improv<span class=\"_ _5\"/>ements are deprecia<span class=\"_ _5\"/>ted ov<span class=\"_ _5\"/>er a period not<span class=\"_ _5\"/> longer than <span class=\"_ _5\"/>the lease term.<span class=\"_ _0\"/>  Short-term and l<span class=\"_ _5\"/>ow v<span class=\"_ _5\"/>alue leasesPayments associa<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>with shor<span class=\"_ _6\"/>t-t<span class=\"_ _5\"/>erm and/<span class=\"_ _5\"/>or low<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue leases are recogniz<span class=\"_ _5\"/>ed on a straight-line basis as an e<span class=\"_ _5\"/>xpense in profit<span class=\"_ _5\"/> or loss.<span class=\"_ _b\"/> As a lessorThe Group sub-leases some of<span class=\"_ _5\"/> its buildings,<span class=\"_ _b\"/> although no<span class=\"_ _5\"/>t significant.<span class=\"_ _b\"/> The head leases are presen<span class=\"_ _5\"/>ted in the right<span class=\"_ _5\"/>-of-use assets and the sub-lease con<span class=\"_ _5\"/>tracts are tr<span class=\"_ _5\"/>eated as oper<span class=\"_ _5\"/>ating leases under<span class=\"_ _5\"/> IFRS 16.<span class=\"_ _5\"/> Income from sub-leases is presen<span class=\"_ _5\"/>ted in Other income<span class=\"_ _5\"/>,<span class=\"_ _5\"/> see not<span class=\"_ _5\"/>e 8.Rent<span class=\"_ _5\"/> concessions Rent<span class=\"_ _5\"/> concessions are ac<span class=\"_ _5\"/>counted <span class=\"_ _5\"/>for as l<span class=\"_ _5\"/>ease modifications by <span class=\"_ _5\"/>the Group.Joint arr<span class=\"_ _5\"/>angementsInvestmen<span class=\"_ _5\"/>ts in joint arrangemen<span class=\"_ _5\"/>ts are classified as either joint <span class=\"_ _5\"/>ventures or<span class=\"_ _5\"/> joint opera<span class=\"_ _5\"/>tions.<span class=\"_ _5\"/> The classification depends on the con<span class=\"_ _5\"/>tractual rights and obliga<span class=\"_ _5\"/>tions,<span class=\"_ _5\"/> rather<span class=\"_ _5\"/> than the lega<span class=\"_ _5\"/>l structure of <span class=\"_ _5\"/>the joint arrangemen<span class=\"_ _5\"/>t.Joint <span class=\"_ _5\"/>ventures are join<span class=\"_ _5\"/>t arrangements in <span class=\"_ _5\"/>which the Group has joint<span class=\"_ _5\"/> control,<span class=\"_ _b\"/> whereby <span class=\"_ _5\"/>the Group has rights t<span class=\"_ _5\"/>o the net<span class=\"_ _5\"/> assets of<span class=\"_ _5\"/> the arrangement,<span class=\"_ _0\"/> rather than righ<span class=\"_ _5\"/>ts to its asse<span class=\"_ _5\"/>ts and obligations f<span class=\"_ _5\"/>or its liabilities.<span class=\"_ _b\"/> Joint <span class=\"_ _5\"/>ventures are a<span class=\"_ _5\"/>ccount<span class=\"_ _5\"/>ed for<span class=\"_ _5\"/> using the equity method,<span class=\"_ _b\"/> where int<span class=\"_ _5\"/>erests in joint<span class=\"_ _5\"/> ventur<span class=\"_ _5\"/>es are initiall<span class=\"_ _5\"/>y rec<span class=\"_ _5\"/>ognized at c<span class=\"_ _5\"/>ost,<span class=\"_ _b\"/> including transaction cost.<span class=\"_ _b\"/> Subsequentl<span class=\"_ _5\"/>y the Group<span class=\"_ _b\"/>\u2019s share of<span class=\"_ _5\"/> the profit or<span class=\"_ _5\"/> loss and movemen<span class=\"_ _5\"/>ts in other compr<span class=\"_ _5\"/>ehensive income are incl<span class=\"_ _5\"/>uded in the Consolida<span class=\"_ _5\"/>ted financial sta<span class=\"_ _5\"/>tements,<span class=\"_ _0\"/> whereby <span class=\"_ _5\"/>the calculation is based on <span class=\"_ _5\"/>the Group\u2019<span class=\"_ _5\"/>s accoun<span class=\"_ _5\"/>ting policies.<span class=\"_ _5\"/> When the Group<span class=\"_ _5\"/>\u2019s share o<span class=\"_ _5\"/>f losses in a joint <span class=\"_ _5\"/>venture equa<span class=\"_ _5\"/>ls or ex<span class=\"_ _5\"/>ceeds its inter<span class=\"_ _5\"/>est in a joint<span class=\"_ _5\"/> venture<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the Group does no<span class=\"_ _5\"/>t recogniz<span class=\"_ _5\"/>e further losses.Joint oper<span class=\"_ _5\"/>ations are joint<span class=\"_ _5\"/> arrangements wher<span class=\"_ _5\"/>eby the parties tha<span class=\"_ _5\"/>t hav<span class=\"_ _5\"/>e joint contr<span class=\"_ _5\"/>ol of <span class=\"_ _5\"/>the arrangement ha<span class=\"_ _5\"/>ve rights t<span class=\"_ _5\"/>o the assets,<span class=\"_ _b\"/> and obligations f<span class=\"_ _5\"/>or the liabilities,<span class=\"_ _b\"/> relating t<span class=\"_ _5\"/>o the arrangemen<span class=\"_ _5\"/>t.<span class=\"_ _5\"/> Joint<span class=\"_ _5\"/> operations ar<span class=\"_ _5\"/>e account<span class=\"_ _5\"/>ed f<span class=\"_ _5\"/>or the Group<span class=\"_ _5\"/>\u2019s direct rights <span class=\"_ _5\"/>to the asse<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> liabilities,<span class=\"_ _5\"/> revenues and e<span class=\"_ _5\"/>xpenses of <span class=\"_ _5\"/>the joint opera<span class=\"_ _5\"/>tions and its share of<span class=\"_ _5\"/> any jointl<span class=\"_ _5\"/>y held or<span class=\"_ _5\"/> incurred assets,<span class=\"_ _b\"/> liabilities,<span class=\"_ _5\"/> revenues and e<span class=\"_ _5\"/>xpenses.<span class=\"_ _5\"/> These are combined on a line-by<span class=\"_ _b\"/>-line basis with corresponding items in the Group\u2019<span class=\"_ _5\"/>s financial statemen<span class=\"_ _5\"/>ts.AssociatesAssociates ar<span class=\"_ _5\"/>e those entities in which <span class=\"_ _5\"/>the Group has significant influenc<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> but no control ov<span class=\"_ _5\"/>er financial and opera<span class=\"_ _5\"/>ting policies.<span class=\"_ _b\"/> Signif<span class=\"_ _6\"/>icant influenc<span class=\"_ _5\"/>e is presumed t<span class=\"_ _5\"/>o exist <span class=\"_ _5\"/>when the Group holds more <span class=\"_ _5\"/>than 20% of <span class=\"_ _5\"/>the vo<span class=\"_ _5\"/>ting power o<span class=\"_ _5\"/>f the entity<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Associates ar<span class=\"_ _5\"/>e account<span class=\"_ _5\"/>ed f<span class=\"_ _5\"/>or using the equity me<span class=\"_ _5\"/>thod from the da<span class=\"_ _5\"/>te tha<span class=\"_ _5\"/>t significant in<span class=\"_ _5\"/>fluence commences un<span class=\"_ _5\"/>til the dat<span class=\"_ _5\"/>e that<span class=\"_ _5\"/> significant influence c<span class=\"_ _5\"/>eases.<span class=\"_ _5\"/> Initiall<span class=\"_ _5\"/>y<span class=\"_ _5\"/>,<span class=\"_ _b\"/> investments in associat<span class=\"_ _5\"/>es are rec<span class=\"_ _5\"/>ognized at c<span class=\"_ _5\"/>ost,<span class=\"_ _b\"/> including transaction cost.<span class=\"_ _0\"/> Goodwill identified on the acquisition o<span class=\"_ _5\"/>f the associa<span class=\"_ _5\"/>te is included in the carrying amount<span class=\"_ _5\"/> of the investmen<span class=\"_ _5\"/>t.The Consolida<span class=\"_ _5\"/>ted financial sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>ts include the Group<span class=\"_ _5\"/>\u2019s share o<span class=\"_ _5\"/>f the net<span class=\"_ _5\"/> profit or<span class=\"_ _5\"/> loss and other<span class=\"_ _5\"/> comprehensive income of<span class=\"_ _5\"/> the associat<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> after adjustmen<span class=\"_ _5\"/>ts to a<span class=\"_ _5\"/>lign the accoun<span class=\"_ _5\"/>ting policies with those o<span class=\"_ _5\"/>f the Group<span class=\"_ _5\"/>.<span class=\"_ _5\"/> The application o<span class=\"_ _5\"/>f the equity method is applied <span class=\"_ _5\"/>to loans <span class=\"_ _5\"/>that f<span class=\"_ _5\"/>orm part of a Ne<span class=\"_ _5\"/>t inves<span class=\"_ _5\"/>tment.<span class=\"_ _5\"/> Loans t<span class=\"_ _5\"/>o associat<span class=\"_ _5\"/>es are carried at<span class=\"_ _5\"/> amor<span class=\"_ _6\"/>tized cost<span class=\"_ _5\"/> less any expect<span class=\"_ _5\"/>ed credit losses.<span class=\"_ _b\"/> The Group applies <span class=\"_ _5\"/>the Expected Credit L<span class=\"_ _5\"/>oss model to loans <span class=\"_ _5\"/>that <span class=\"_ _5\"/>form part of<span class=\"_ _5\"/> the Net in<span class=\"_ _5\"/>vestment,<span class=\"_ _b\"/> before r<span class=\"_ _5\"/>ecognizing its share of<span class=\"_ _5\"/> losses from applica<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the equity method on <span class=\"_ _5\"/>these loans.Other inv<span class=\"_ _5\"/>estments rela<span class=\"_ _5\"/>te t<span class=\"_ _5\"/>o inter<span class=\"_ _5\"/>ests in companies over<span class=\"_ _5\"/> which the Group has no significant<span class=\"_ _5\"/> influence nor c<span class=\"_ _5\"/>ontrol.<span class=\"_ _5\"/> Other investmen<span class=\"_ _5\"/>ts are acc<span class=\"_ _5\"/>ounted f<span class=\"_ _5\"/>or a<span class=\"_ _5\"/>t fair<span class=\"_ _5\"/> value <span class=\"_ _5\"/>through pro<span class=\"_ _5\"/>fit or loss.GeneralThe Group uses deriva<span class=\"_ _5\"/>tives in order <span class=\"_ _5\"/>to hedge the e<span class=\"_ _5\"/>xposure to <span class=\"_ _5\"/>foreign e<span class=\"_ _5\"/>xchange risks and int<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>ate risks arising <span class=\"_ _5\"/>from operationa<span class=\"_ _5\"/>l,<span class=\"_ _5\"/> financing and investment<span class=\"_ _5\"/> activities.<span class=\"_ _5\"/> Derivativ<span class=\"_ _5\"/>es to be used <span class=\"_ _5\"/>for hedging purposes can incl<span class=\"_ _5\"/>ude forward foreign e<span class=\"_ _5\"/>xchange ra<span class=\"_ _5\"/>te con<span class=\"_ _5\"/>tracts,<span class=\"_ _5\"/> f<span class=\"_ _5\"/>oreign exchange s<span class=\"_ _5\"/>waps and inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te sw<span class=\"_ _5\"/>aps and a combination o<span class=\"_ _5\"/>f those,<span class=\"_ _0\"/> such as cross-currency int<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>ate s<span class=\"_ _5\"/>waps.<span class=\"_ _b\"/> The Group does not hol<span class=\"_ _5\"/>d or issue deriva<span class=\"_ _5\"/>tives for<span class=\"_ _5\"/> trading purposes.<span class=\"_ _b\"/> Hedge accoun<span class=\"_ _5\"/>ting is applied for cash flow hedges rela<span class=\"_ _5\"/>ted to f<span class=\"_ _5\"/>orecast<span class=\"_ _5\"/>ed transactions and fair val<span class=\"_ _5\"/>ue hedges.Measurement<span class=\"_ _5\"/> and recognitionAll deriva<span class=\"_ _5\"/>tive financial instrumen<span class=\"_ _5\"/>ts are initiall<span class=\"_ _5\"/>y rec<span class=\"_ _5\"/>ognized at <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue.<span class=\"_ _b\"/> A<span class=\"_ _5\"/>ttributable transa<span class=\"_ _5\"/>ction costs are recogniz<span class=\"_ _5\"/>ed in profit<span class=\"_ _5\"/> or loss when incurr<span class=\"_ _5\"/>ed.<span class=\"_ _5\"/> Subsequently<span class=\"_ _0\"/>, deriv<span class=\"_ _5\"/>atives are measur<span class=\"_ _5\"/>ed at <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue derived fr<span class=\"_ _5\"/>om market<span class=\"_ _5\"/> prices of <span class=\"_ _5\"/>the instruments or<span class=\"_ _5\"/> valua<span class=\"_ _5\"/>tion t<span class=\"_ _5\"/>echniques,<span class=\"_ _5\"/> with the <span class=\"_ _5\"/>fair va<span class=\"_ _5\"/>lue changes recogniz<span class=\"_ _5\"/>ed in profit or l<span class=\"_ _5\"/>oss,<span class=\"_ _5\"/> unless hedge acc<span class=\"_ _5\"/>ounting is applied.<span class=\"_ _b\"/> A gain or loss on r<span class=\"_ _5\"/>emeasurement <span class=\"_ _5\"/>to the f<span class=\"_ _5\"/>air va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> the inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te deriva<span class=\"_ _5\"/>tives is recogniz<span class=\"_ _5\"/>ed in profit or<span class=\"_ _5\"/> loss under f<span class=\"_ _5\"/>air va<span class=\"_ _5\"/>lue change of deriv<span class=\"_ _5\"/>atives.<span class=\"_ _b\"/> The f<span class=\"_ _5\"/>air val<span class=\"_ _5\"/>ue changes of <span class=\"_ _5\"/>forward f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change contracts are r<span class=\"_ _5\"/>ecognized in operating inc<span class=\"_ _5\"/>ome.<span class=\"_ _b\"/> The carrying values o<span class=\"_ _5\"/>f the deriva<span class=\"_ _5\"/>tives are rec<span class=\"_ _5\"/>ognized in the balance shee<span class=\"_ _5\"/>t as deriva<span class=\"_ _5\"/>tives,<span class=\"_ _5\"/> which can be classified as current or<span class=\"_ _5\"/> non-current assets or<span class=\"_ _5\"/> liabilities,<span class=\"_ _5\"/> depending on the maturity<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the contracts.Hedge accoun<span class=\"_ _5\"/>tingFor<span class=\"_ _5\"/> a cash flow hedge o<span class=\"_ _5\"/>f a f<span class=\"_ _5\"/>orecast<span class=\"_ _5\"/>ed transaction,<span class=\"_ _b\"/> the transa<span class=\"_ _5\"/>ction should be highly pr<span class=\"_ _5\"/>obable t<span class=\"_ _5\"/>o occur and should presen<span class=\"_ _5\"/>t an exposure <span class=\"_ _5\"/>to varia<span class=\"_ _5\"/>tions in cash flow<span class=\"_ _5\"/>s that<span class=\"_ _5\"/> could ul<span class=\"_ _5\"/>timatel<span class=\"_ _b\"/>y affect reported pr<span class=\"_ _5\"/>ofit or loss.<span class=\"_ _0\"/> In specif<span class=\"_ _6\"/>ic cases hedge accoun<span class=\"_ _5\"/>ting is applied for<span class=\"_ _5\"/> cash flow hedges.<span class=\"_ _b\"/> In tha<span class=\"_ _5\"/>t case,<span class=\"_ _b\"/> the effective part of<span class=\"_ _5\"/> the f<span class=\"_ _5\"/>air val<span class=\"_ _5\"/>ue change of <span class=\"_ _5\"/>those derivativ<span class=\"_ _5\"/>es is deferr<span class=\"_ _5\"/>ed in Other comprehensiv<span class=\"_ _5\"/>e income and present<span class=\"_ _5\"/>ed in the hedging reserve in Equity<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The hedging reserve includes the cash flow<span class=\"_ _5\"/> hedge reserve and the costs o<span class=\"_ _5\"/>f hedging.<span class=\"_ _b\"/> Changes in the fair <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f the curr<span class=\"_ _5\"/>ency basis since the incep<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the hedging relationship <span class=\"_ _5\"/>will be def<span class=\"_ _5\"/>erred into a separ<span class=\"_ _5\"/>ate c<span class=\"_ _5\"/>omponent o<span class=\"_ _5\"/>f Other compr<span class=\"_ _5\"/>ehensive income.The amount r<span class=\"_ _5\"/>ecognized in Other compr<span class=\"_ _5\"/>ehensive income as cash flo<span class=\"_ _5\"/>w hedge reserve is released <span class=\"_ _5\"/>to the rela<span class=\"_ _5\"/>ted lines in profit<span class=\"_ _5\"/> or loss at<span class=\"_ _5\"/> the same time as <span class=\"_ _5\"/>the hedged cash flows aff<span class=\"_ _5\"/>ect profit or<span class=\"_ _5\"/> loss.<span class=\"_ _b\"/> Any ineff<span class=\"_ _5\"/>ective por<span class=\"_ _6\"/>tion of change in <span class=\"_ _5\"/>the fair value o<span class=\"_ _5\"/>f the deriv<span class=\"_ _5\"/>atives is included in pr<span class=\"_ _5\"/>ofit or l<span class=\"_ _5\"/>oss immediat<span class=\"_ _5\"/>ely<span class=\"_ _b\"/>.At<span class=\"_ _5\"/> inception o<span class=\"_ _5\"/>f the hedge<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the rela<span class=\"_ _5\"/>tionship between the hedging instrumen<span class=\"_ _5\"/>t and the hedged it<span class=\"_ _5\"/>em is documented <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> including the risk<span class=\"_ _5\"/> management objectives,<span class=\"_ _b\"/> stra<span class=\"_ _5\"/>tegy o<span class=\"_ _5\"/>f undertaking the hedge transa<span class=\"_ _5\"/>ction, <span class=\"_ _5\"/>the hedged risk <span class=\"_ _b\"/>\u2013 and,<span class=\"_ _0\"/> in case<span class=\"_ _6\"/> of<span class=\"_ _5\"/> hedge accounting,<span class=\"_ _b\"/> the methods <span class=\"_ _5\"/>that <span class=\"_ _5\"/>will be used to assess <span class=\"_ _5\"/>the effectiveness o<span class=\"_ _5\"/>f the hedge.<span class=\"_ _b\"/> Both a<span class=\"_ _5\"/>t the incep<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the hedge and at<span class=\"_ _5\"/> each reporting date<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the Group mak<span class=\"_ _5\"/>es an assessment whe<span class=\"_ _5\"/>ther the deriva<span class=\"_ _5\"/>tives used are highl<span class=\"_ _5\"/>y eff<span class=\"_ _5\"/>ective in offsetting changes in <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alues of<span class=\"_ _5\"/> the cash flow<span class=\"_ _5\"/>s of <span class=\"_ _5\"/>the hedged items.The economic rela<span class=\"_ _5\"/>tionship between the hedging ins<span class=\"_ _5\"/>trument and the hedged it<span class=\"_ _5\"/>em is,<span class=\"_ _5\"/> amongst o<span class=\"_ _5\"/>thers,<span class=\"_ _5\"/> det<span class=\"_ _5\"/>ermined based upon mat<span class=\"_ _5\"/>ching notional amoun<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> a minimal fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue of the hedging ins<span class=\"_ _5\"/>trument a<span class=\"_ _5\"/>t inception,<span class=\"_ _0\"/> matching the underl<span class=\"_ _b\"/>ying<span class=\"_ _6\"/> hedged risk (int<span class=\"_ _5\"/>erest benchmark<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e or currency pair),<span class=\"_ _b\"/> mat<span class=\"_ _5\"/>ching repricing and payment<span class=\"_ _5\"/> dat<span class=\"_ _5\"/>es and an assessment of<span class=\"_ _5\"/> the likelihood o<span class=\"_ _5\"/>f defaul<span class=\"_ _b\"/>t of <span class=\"_ _5\"/>the hedging counterparty<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Sources of<span class=\"_ _5\"/> ineffectiveness can,<span class=\"_ _b\"/> amongst others,<span class=\"_ _b\"/> be driven by movements in <span class=\"_ _5\"/>the credit sprea<span class=\"_ _5\"/>d of <span class=\"_ _5\"/>Arcadis and the r<span class=\"_ _5\"/>elevant<span class=\"_ _5\"/> hedging counterparty<span class=\"_ _b\"/>,<span class=\"_ _5\"/> mismatch o<span class=\"_ _5\"/>f pa<span class=\"_ _5\"/>yment flo<span class=\"_ _5\"/>w frequencies,<span class=\"_ _b\"/> mismatch o<span class=\"_ _5\"/>f int<span class=\"_ _5\"/>erest c<span class=\"_ _5\"/>onditions,<span class=\"_ _5\"/> such as interes<span class=\"_ _5\"/>t floors and possible changes <span class=\"_ _5\"/>to the critica<span class=\"_ _5\"/>l terms o<span class=\"_ _5\"/>f the economic rela<span class=\"_ _5\"/>tionship.When a derivativ<span class=\"_ _5\"/>e ceases t<span class=\"_ _5\"/>o be highly e<span class=\"_ _5\"/>ffective or in case o<span class=\"_ _5\"/>f earl<span class=\"_ _5\"/>y redemption o<span class=\"_ _5\"/>f the hedged it<span class=\"_ _5\"/>em,<span class=\"_ _5\"/> hedge acc<span class=\"_ _5\"/>ounting is discontinued prospectivel<span class=\"_ _b\"/>y<span class=\"_ _5\"/>.<span class=\"_ _5\"/> When a cash flow<span class=\"_ _5\"/> hedge relationship is <span class=\"_ _5\"/>terminat<span class=\"_ _5\"/>ed,<span class=\"_ _b\"/> the fair <span class=\"_ _5\"/>value changes def<span class=\"_ _5\"/>erred in the cash flow<span class=\"_ _5\"/> hedging reserve in equity are rel<span class=\"_ _5\"/>eased to pro<span class=\"_ _5\"/>fit or loss under<span class=\"_ _5\"/> the fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue change of deriv<span class=\"_ _5\"/>atives onl<span class=\"_ _5\"/>y when <span class=\"_ _5\"/>the hedged transa<span class=\"_ _5\"/>ction is no longer expected <span class=\"_ _5\"/>to occur<span class=\"_ _0\"/>.<span class=\"_ _5\"/> Other<span class=\"_ _6\"/>wise,<span class=\"_ _b\"/> these fair<span class=\"_ _5\"/> value changes <span class=\"_ _5\"/>will be released <span class=\"_ _5\"/>to pro<span class=\"_ _5\"/>fit or loss a<span class=\"_ _5\"/>t the same time as the hedged it<span class=\"_ _5\"/>em.Fair valueA f<span class=\"_ _5\"/>air va<span class=\"_ _5\"/>lue is the price <span class=\"_ _5\"/>that <span class=\"_ _5\"/>would be receiv<span class=\"_ _5\"/>ed to sell an asse<span class=\"_ _5\"/>t or <span class=\"_ _5\"/>would be paid t<span class=\"_ _5\"/>o transf<span class=\"_ _5\"/>er a liability in an or<span class=\"_ _5\"/>derly transaction between mark<span class=\"_ _5\"/>et participants a<span class=\"_ _5\"/>t the measuremen<span class=\"_ _5\"/>t dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The fair <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f deriva<span class=\"_ _5\"/>tives is determined b<span class=\"_ _5\"/>y using valua<span class=\"_ _5\"/>tion models tha<span class=\"_ _5\"/>t incorpora<span class=\"_ _5\"/>te v<span class=\"_ _5\"/>arious inputs,<span class=\"_ _5\"/> such as forward in<span class=\"_ _5\"/>terest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e curves and the credit <span class=\"_ _5\"/>worthiness of count<span class=\"_ _5\"/>erparties. The methods and assumptions used to estima<span class=\"_ _5\"/>te the fair<span class=\"_ _5\"/> value are consist<span class=\"_ _5\"/>ent with the prior year<span class=\"_ _0\"/>.Other non-current<span class=\"_ _5\"/> assets are non-derivativ<span class=\"_ _5\"/>e financial assets and include l<span class=\"_ _5\"/>ong-term rec<span class=\"_ _5\"/>eivables (due f<span class=\"_ _5\"/>or settlemen<span class=\"_ _5\"/>t after<span class=\"_ _5\"/> one year).<span class=\"_ _b\"/> Long-t<span class=\"_ _5\"/>erm receivabl<span class=\"_ _5\"/>es are initiall<span class=\"_ _5\"/>y rec<span class=\"_ _5\"/>ognized at <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue plus any<span class=\"_ _5\"/> directly<span class=\"_ _5\"/> attributable <span class=\"_ _5\"/>transaction costs.<span class=\"_ _b\"/> Subsequentl<span class=\"_ _5\"/>y these assets ar<span class=\"_ _5\"/>e held at<span class=\"_ _5\"/> amor<span class=\"_ _6\"/>tized cost,<span class=\"_ _0\"/> using the effective int<span class=\"_ _5\"/>erest method and ne<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> any impairment<span class=\"_ _5\"/> losses.T<span class=\"_ _b\"/>rade receivabl<span class=\"_ _5\"/>es include amounts billed <span class=\"_ _5\"/>to cust<span class=\"_ _5\"/>omers for<span class=\"_ _5\"/> work performed but<span class=\"_ _5\"/> not <span class=\"_ _5\"/>yet paid b<span class=\"_ _5\"/>y the clients,<span class=\"_ _b\"/> and which are expected <span class=\"_ _5\"/>to be col<span class=\"_ _5\"/>lected within a <span class=\"_ _5\"/>year after<span class=\"_ _5\"/> reporting date<span class=\"_ _5\"/>.<span class=\"_ _5\"/> T<span class=\"_ _b\"/>rade receivabl<span class=\"_ _5\"/>es are initiall<span class=\"_ _b\"/>y measured at <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue,<span class=\"_ _b\"/> which normall<span class=\"_ _5\"/>y repr<span class=\"_ _5\"/>esents the considera<span class=\"_ _5\"/>tion the Compan<span class=\"_ _5\"/>y expects t<span class=\"_ _5\"/>o receive <span class=\"_ _5\"/>within the payment<span class=\"_ _5\"/> term (in<span class=\"_ _5\"/>voice amount<span class=\"_ _5\"/> excl<span class=\"_ _5\"/>uding costs col<span class=\"_ _5\"/>lected on behal<span class=\"_ _5\"/>f of<span class=\"_ _5\"/> third parties,<span class=\"_ _5\"/> such as sales tax<span class=\"_ _5\"/>es).<span class=\"_ _5\"/> Subsequentl<span class=\"_ _5\"/>y T<span class=\"_ _b\"/>rade receiv<span class=\"_ _5\"/>ables are measured at<span class=\"_ _5\"/> the considera<span class=\"_ _5\"/>tion expected t<span class=\"_ _5\"/>o be collect<span class=\"_ _5\"/>ed.The Company<span class=\"_ _5\"/> uses the Expected Credit<span class=\"_ _5\"/> Loss (ECL) model. <span class=\"_ _5\"/>T<span class=\"_ _5\"/>rade rec<span class=\"_ _5\"/>eivables are re<span class=\"_ _5\"/>viewed f<span class=\"_ _5\"/>or coll<span class=\"_ _5\"/>ectability on a case-by-case basis at<span class=\"_ _5\"/> regular int<span class=\"_ _5\"/>ervals.<span class=\"_ _b\"/> If a T<span class=\"_ _b\"/>rade receivabl<span class=\"_ _5\"/>e is considered credit impair<span class=\"_ _5\"/>ed (e.g.<span class=\"_ _b\"/> the cust<span class=\"_ _5\"/>omer has failed <span class=\"_ _5\"/>to make a pa<span class=\"_ _5\"/>yment when c<span class=\"_ _5\"/>ontractuall<span class=\"_ _b\"/>y due) the expected l<span class=\"_ _5\"/>oss is determined as <span class=\"_ _5\"/>the difference betw<span class=\"_ _5\"/>een the carrying amount and <span class=\"_ _5\"/>the recover<span class=\"_ _5\"/>able amount.<span class=\"_ _b\"/> The recov<span class=\"_ _5\"/>erable amount<span class=\"_ _5\"/> is the present <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f expect<span class=\"_ _5\"/>ed future cash flow<span class=\"_ _5\"/>s discount<span class=\"_ _5\"/>ed at <span class=\"_ _5\"/>the effective marke<span class=\"_ _5\"/>t int<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>ates.A simplified approach is applied <span class=\"_ _5\"/>that uses a lif<span class=\"_ _5\"/>etime expected l<span class=\"_ _5\"/>oss allow<span class=\"_ _5\"/>ance t<span class=\"_ _5\"/>o recognize losses <span class=\"_ _5\"/>for possibl<span class=\"_ _5\"/>e impairment o<span class=\"_ _5\"/>f T<span class=\"_ _b\"/>rade rec<span class=\"_ _5\"/>eivables tha<span class=\"_ _5\"/>t are no<span class=\"_ _5\"/>t individuall<span class=\"_ _5\"/>y impaired <span class=\"_ _5\"/>yet.<span class=\"_ _b\"/> The Expected Credit L<span class=\"_ _5\"/>oss is recognized in Other<span class=\"_ _5\"/> operationa<span class=\"_ _5\"/>l costs.When revenue (c<span class=\"_ _5\"/>ost f<span class=\"_ _5\"/>or con<span class=\"_ _5\"/>tract w<span class=\"_ _5\"/>ork performed t<span class=\"_ _5\"/>o date pl<span class=\"_ _5\"/>us recognized pro<span class=\"_ _5\"/>fits) exceeds <span class=\"_ _5\"/>the progress billings,<span class=\"_ _b\"/> the surplus is shown as a C<span class=\"_ _5\"/>ontract asset<span class=\"_ _5\"/> (unbilled rec<span class=\"_ _5\"/>eivables).<span class=\"_ _b\"/> When progress billings e<span class=\"_ _5\"/>xceed the r<span class=\"_ _5\"/>evenue (cost<span class=\"_ _5\"/> for<span class=\"_ _5\"/> contra<span class=\"_ _5\"/>ct work performed <span class=\"_ _5\"/>to dat<span class=\"_ _5\"/>e plus recogniz<span class=\"_ _5\"/>ed profits),<span class=\"_ _b\"/> the balance is shown as a C<span class=\"_ _5\"/>ontract liability<span class=\"_ _5\"/> (billing in ex<span class=\"_ _5\"/>cess of revenue).<span class=\"_ _0\"/> Recognized loss pro<span class=\"_ _5\"/>visions are separat<span class=\"_ _5\"/>ely<span class=\"_ _5\"/> present<span class=\"_ _5\"/>ed as Provision f<span class=\"_ _5\"/>or onerous con<span class=\"_ _5\"/>tracts.<span class=\"_ _5\"/> Contr<span class=\"_ _5\"/>act assets,<span class=\"_ _b\"/> Contr<span class=\"_ _5\"/>act liabilities and the rela<span class=\"_ _5\"/>ted Pro<span class=\"_ _5\"/>vision for<span class=\"_ _5\"/> onerous contra<span class=\"_ _5\"/>cts are together<span class=\"_ _5\"/> generall<span class=\"_ _b\"/>y also ref<span class=\"_ _5\"/>erred t<span class=\"_ _5\"/>o as W<span class=\"_ _5\"/>ork in progress.Contr<span class=\"_ _5\"/>act assets are subject <span class=\"_ _5\"/>to the Expected Cr<span class=\"_ _5\"/>edit Loss (ECL) model.<span class=\"_ _5\"/> Arca<span class=\"_ _5\"/>dis applies a simplified approach that<span class=\"_ _5\"/> uses a lifetime e<span class=\"_ _5\"/>xpected loss al<span class=\"_ _5\"/>lowance <span class=\"_ _5\"/>to recogniz<span class=\"_ _5\"/>e losses f<span class=\"_ _5\"/>or possible impairment,<span class=\"_ _b\"/> in line with the ac<span class=\"_ _5\"/>counting f<span class=\"_ _5\"/>or Expected Credit L<span class=\"_ _5\"/>oss on T<span class=\"_ _b\"/>rade receivabl<span class=\"_ _5\"/>es.<span class=\"_ _5\"/> The Expected Credit<span class=\"_ _5\"/> Loss is recogniz<span class=\"_ _5\"/>ed in Other operationa<span class=\"_ _5\"/>l costs.For<span class=\"_ _5\"/> further details on the r<span class=\"_ _5\"/>ecognition of C<span class=\"_ _5\"/>ontract asse<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> Contra<span class=\"_ _5\"/>ct liabilities and the Provision <span class=\"_ _5\"/>for oner<span class=\"_ _5\"/>ous contracts see the revenue a<span class=\"_ _5\"/>ccounting policy in no<span class=\"_ _5\"/>te 6.In accor<span class=\"_ _5\"/>dance with IFRS 5,<span class=\"_ _b\"/> non-current assets and disposal gr<span class=\"_ _5\"/>oups are classified as <span class=\"_ _5\"/>\u2018held f<span class=\"_ _5\"/>or sale<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> when the f<span class=\"_ _5\"/>ollowing criteria are me<span class=\"_ _5\"/>t:\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">Management is c<span class=\"_ _5\"/>ommitted t<span class=\"_ _5\"/>o a plan to sel<span class=\"_ _5\"/>l</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">The asset is a<span class=\"_ _5\"/>vailable f<span class=\"_ _5\"/>or immediat<span class=\"_ _5\"/>e sale</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">An active program <span class=\"_ _5\"/>to loca<span class=\"_ _5\"/>te a buyer<span class=\"_ _5\"/> is initiated</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">The sale is highl<span class=\"_ _5\"/>y probable <span class=\"_ _5\"/>within twel<span class=\"_ _5\"/>ve months o<span class=\"_ _5\"/>f classification as hel<span class=\"_ _5\"/>d for<span class=\"_ _5\"/> sale</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">The asset is being activel<span class=\"_ _b\"/>y market<span class=\"_ _5\"/>ed for<span class=\"_ _5\"/> sale a<span class=\"_ _5\"/>t a sales price r<span class=\"_ _5\"/>easonable in rela<span class=\"_ _5\"/>tion to its <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">Actions required t<span class=\"_ _5\"/>o complet<span class=\"_ _5\"/>e the plan indicat<span class=\"_ _5\"/>e that<span class=\"_ _5\"/> it is unlikel<span class=\"_ _b\"/>y that<span class=\"_ _5\"/> plan will be significantl<span class=\"_ _b\"/>y changed or withdra<span class=\"_ _5\"/>wn</span>Immediat<span class=\"_ _5\"/>ely<span class=\"_ _5\"/> prior t<span class=\"_ _5\"/>o classification as held f<span class=\"_ _5\"/>or sale<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the assets or<span class=\"_ _5\"/> groups of asse<span class=\"_ _5\"/>ts are measured at<span class=\"_ _5\"/> carrying value<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Subsequentl<span class=\"_ _5\"/>y<span class=\"_ _5\"/>,<span class=\"_ _5\"/> assets and disposal gr<span class=\"_ _5\"/>oups classified as held for<span class=\"_ _5\"/> sale are v<span class=\"_ _5\"/>alued at<span class=\"_ _5\"/> the low<span class=\"_ _5\"/>er of<span class=\"_ _5\"/> book va<span class=\"_ _5\"/>lue or f<span class=\"_ _5\"/>air va<span class=\"_ _5\"/>lue less disposal cos<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> Assets held <span class=\"_ _5\"/>for sal<span class=\"_ _5\"/>e are not<span class=\"_ _5\"/> depreciat<span class=\"_ _5\"/>ed.Other curren<span class=\"_ _5\"/>t assets are initial<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> recognized a<span class=\"_ _5\"/>t fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue plus any directl<span class=\"_ _5\"/>y a<span class=\"_ _5\"/>ttributable transaction cos<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> Subsequentl<span class=\"_ _5\"/>y these assets are held a<span class=\"_ _5\"/>t amortized cost,<span class=\"_ _b\"/> using the eff<span class=\"_ _5\"/>ective interes<span class=\"_ _5\"/>t method and net<span class=\"_ _5\"/> of any<span class=\"_ _5\"/> impairment losses.Cash and cash equivalen<span class=\"_ _5\"/>ts comprise cash balances and ca<span class=\"_ _5\"/>ll deposits maturing within <span class=\"_ _5\"/>three months fr<span class=\"_ _5\"/>om the acquisition dat<span class=\"_ _5\"/>e and used by the C<span class=\"_ _5\"/>ompany in managing its short-<span class=\"_ _5\"/>term commitments.<span class=\"_ _b\"/> For<span class=\"_ _5\"/> cash flow r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting purposes bank overdr<span class=\"_ _5\"/>afts are included in Cash and cash equiva<span class=\"_ _5\"/>lents.Share capitalOrdinary shares are classified as equity<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Incremental c<span class=\"_ _5\"/>osts directly<span class=\"_ _5\"/> attributable <span class=\"_ _5\"/>to the issuance o<span class=\"_ _5\"/>f ordinary shares and rights t<span class=\"_ _5\"/>o acquire shar<span class=\"_ _5\"/>es are recognized as a deduction o<span class=\"_ _5\"/>f equity<span class=\"_ _b\"/>, ne<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> any tax e<span class=\"_ _5\"/>ffects.Priority shares and pr<span class=\"_ _5\"/>eferenc<span class=\"_ _5\"/>e shares are classified as equity since <span class=\"_ _5\"/>these are non-redeemable,<span class=\"_ _0\"/> or only r<span class=\"_ _5\"/>edeemable at<span class=\"_ _5\"/> the Company\u2019s op<span class=\"_ _5\"/>tion.<span class=\"_ _5\"/> Dividends on these shares ar<span class=\"_ _5\"/>e recognized as distributions <span class=\"_ _5\"/>within equity<span class=\"_ _5\"/>.Repurchase o<span class=\"_ _5\"/>f sharesWhen share capital is repur<span class=\"_ _5\"/>chased,<span class=\"_ _5\"/> the consider<span class=\"_ _5\"/>ation paid,<span class=\"_ _b\"/> including directly a<span class=\"_ _5\"/>ttributable costs ne<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> any tax e<span class=\"_ _5\"/>ffects,<span class=\"_ _5\"/> is deducted fr<span class=\"_ _5\"/>om equity<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Repurchased shares (tr<span class=\"_ _5\"/>easury shares) are present<span class=\"_ _5\"/>ed as a deduction from t<span class=\"_ _5\"/>otal equity<span class=\"_ _b\"/>.<span class=\"_ _5\"/> When treasury shares are sol<span class=\"_ _5\"/>d or reissued,<span class=\"_ _b\"/> subsequently<span class=\"_ _5\"/> any amount<span class=\"_ _5\"/> received is rec<span class=\"_ _5\"/>ognized as an increase in equity<span class=\"_ _b\"/>,<span class=\"_ _5\"/> and the resul<span class=\"_ _5\"/>ting surplus or deficit on <span class=\"_ _5\"/>the transaction is <span class=\"_ _5\"/>transferr<span class=\"_ _5\"/>ed to<span class=\"_ _5\"/>/from retained earnings.DividendsDividends are recogniz<span class=\"_ _5\"/>ed as a liability in the period in <span class=\"_ _5\"/>which they ar<span class=\"_ _5\"/>e declared.Non-controlling in<span class=\"_ _5\"/>terests r<span class=\"_ _5\"/>epresent <span class=\"_ _5\"/>the net assets <span class=\"_ _5\"/>which are not<span class=\"_ _5\"/> held by the C<span class=\"_ _5\"/>ompany and are pr<span class=\"_ _5\"/>esented <span class=\"_ _5\"/>within to<span class=\"_ _5\"/>tal equity in the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed balance sheet as a separ<span class=\"_ _5\"/>ate ca<span class=\"_ _5\"/>tegory<span class=\"_ _b\"/>. Pr<span class=\"_ _5\"/>ofit or l<span class=\"_ _5\"/>oss and each component o<span class=\"_ _5\"/>f Other comprehensive inc<span class=\"_ _5\"/>ome are attribut<span class=\"_ _5\"/>ed to <span class=\"_ _5\"/>the equity holders and t<span class=\"_ _5\"/>o the non-contr<span class=\"_ _5\"/>olling inter<span class=\"_ _5\"/>ests.Most o<span class=\"_ _5\"/>f the pension plans o<span class=\"_ _5\"/>f the Group qua<span class=\"_ _5\"/>lify as defined contribution pension plans.<span class=\"_ _b\"/> However<span class=\"_ _0\"/>,<span class=\"_ _5\"/> the Group a<span class=\"_ _5\"/>lso operat<span class=\"_ _5\"/>es a f<span class=\"_ _5\"/>ew defined benefit pension plans.Defined contribution pension plansFor<span class=\"_ _5\"/> defined contribution pension plans,<span class=\"_ _b\"/> the Group pay<span class=\"_ _5\"/>s fixed con<span class=\"_ _5\"/>tributions into a separa<span class=\"_ _5\"/>te entity<span class=\"_ _b\"/>,<span class=\"_ _b\"/> which are charged t<span class=\"_ _5\"/>o profit<span class=\"_ _5\"/> or loss in the period during <span class=\"_ _5\"/>which ser<span class=\"_ _6\"/>vices are pro<span class=\"_ _5\"/>vided by emplo<span class=\"_ _5\"/>yees.<span class=\"_ _5\"/> The Group<span class=\"_ _b\"/>\u2019s legal or cons<span class=\"_ _5\"/>tructive obligation is limit<span class=\"_ _5\"/>ed to <span class=\"_ _5\"/>the contributions paid int<span class=\"_ _5\"/>o the plans.<span class=\"_ _b\"/> Prepaid contributions are rec<span class=\"_ _5\"/>ognized as an asset <span class=\"_ _5\"/>to the exten<span class=\"_ _5\"/>t tha<span class=\"_ _5\"/>t Arca<span class=\"_ _5\"/>dis has the unconditional righ<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o cash refunds or reduction in futur<span class=\"_ _5\"/>e payments.Defined benefit pension plansSome of<span class=\"_ _5\"/> the pension plans qualify as defined benefit pension plans.<span class=\"_ _b\"/> For<span class=\"_ _5\"/> these plans,<span class=\"_ _b\"/> the costs are rec<span class=\"_ _5\"/>ognized as personnel costs and <span class=\"_ _5\"/>financing costs in profit or<span class=\"_ _5\"/> loss.<span class=\"_ _b\"/> The amount charged <span class=\"_ _5\"/>to personnel costs is <span class=\"_ _5\"/>the cost o<span class=\"_ _5\"/>f ac<span class=\"_ _5\"/>cruing pension benefits promised t<span class=\"_ _5\"/>o employees o<span class=\"_ _5\"/>ver the <span class=\"_ _5\"/>year<span class=\"_ _b\"/>,<span class=\"_ _b\"/> plus the costs o<span class=\"_ _5\"/>f individual even<span class=\"_ _5\"/>ts such as past service benefit changes,<span class=\"_ _b\"/> settlements and curtailments (such events ar<span class=\"_ _5\"/>e recognized immedia<span class=\"_ _5\"/>tel<span class=\"_ _5\"/>y in pro<span class=\"_ _5\"/>fit or loss).The amount char<span class=\"_ _5\"/>ged to <span class=\"_ _5\"/>financing costs is the net in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t expense calcula<span class=\"_ _5\"/>ted by<span class=\"_ _5\"/> applying <span class=\"_ _5\"/>the liability discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e to the net de<span class=\"_ _5\"/>fined benefit liability or asset.<span class=\"_ _b\"/> Any<span class=\"_ _5\"/> differences betw<span class=\"_ _5\"/>een the expected in<span class=\"_ _5\"/>terest<span class=\"_ _5\"/> on assets and the re<span class=\"_ _5\"/>turn actuall<span class=\"_ _5\"/>y achie<span class=\"_ _5\"/>ved,<span class=\"_ _b\"/> and any changes in the liabilities over<span class=\"_ _5\"/> the year<span class=\"_ _5\"/> due to changes in assump<span class=\"_ _5\"/>tions or experienc<span class=\"_ _5\"/>e within the plans,<span class=\"_ _b\"/> are recognized immedia<span class=\"_ _5\"/>tel<span class=\"_ _5\"/>y in profit<span class=\"_ _5\"/> or loss.The majority of<span class=\"_ _5\"/> the defined benefit pension plans are <span class=\"_ _5\"/>funded with plan assets tha<span class=\"_ _5\"/>t ha<span class=\"_ _5\"/>ve been segregat<span class=\"_ _5\"/>ed in a trust<span class=\"_ _5\"/> or founda<span class=\"_ _5\"/>tion.<span class=\"_ _5\"/> These plans are subject <span class=\"_ _5\"/>to regular<span class=\"_ _5\"/> actuarial review<span class=\"_ _5\"/> by ext<span class=\"_ _5\"/>ernal actuaries,<span class=\"_ _b\"/> using the projected unit cr<span class=\"_ _5\"/>edit method.The defined benefit pension plan on the ba<span class=\"_ _5\"/>lance sheet c<span class=\"_ _5\"/>omprises the present <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f the de<span class=\"_ _5\"/>fined benefit pension obligation and <span class=\"_ _5\"/>the fair <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f plan assets.<span class=\"_ _b\"/> The present<span class=\"_ _5\"/> value o<span class=\"_ _5\"/>f the obliga<span class=\"_ _5\"/>tion is determined b<span class=\"_ _5\"/>y discounting <span class=\"_ _5\"/>the estimat<span class=\"_ _5\"/>ed future cash outflo<span class=\"_ _5\"/>ws using inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>tes o<span class=\"_ _5\"/>f high-quality corpora<span class=\"_ _5\"/>te bonds (or<span class=\"_ _5\"/> suitable al<span class=\"_ _5\"/>ternativ<span class=\"_ _5\"/>e where ther<span class=\"_ _5\"/>e is no active corpora<span class=\"_ _5\"/>te bond mark<span class=\"_ _5\"/>et) tha<span class=\"_ _5\"/>t are denomina<span class=\"_ _5\"/>ted in the currency<span class=\"_ _5\"/> in which the benefits wil<span class=\"_ _5\"/>l be paid,<span class=\"_ _5\"/> and with maturity<span class=\"_ _5\"/> dates appr<span class=\"_ _5\"/>oximating <span class=\"_ _5\"/>to the <span class=\"_ _5\"/>terms o<span class=\"_ _5\"/>f the rela<span class=\"_ _5\"/>ted pension obliga<span class=\"_ _5\"/>tions.Remeasuremen<span class=\"_ _5\"/>ts arising from experience a<span class=\"_ _5\"/>djustments and changes in actuarial assump<span class=\"_ _5\"/>tions are charged or cr<span class=\"_ _5\"/>edited t<span class=\"_ _5\"/>o equity in Other c<span class=\"_ _5\"/>omprehensive income in <span class=\"_ _5\"/>the period in which they<span class=\"_ _5\"/> arise.<span class=\"_ _b\"/> Past service costs are rec<span class=\"_ _5\"/>ognized immediat<span class=\"_ _5\"/>ely<span class=\"_ _5\"/> in profit<span class=\"_ _5\"/> or loss.Provisions are r<span class=\"_ _5\"/>ecognized when <span class=\"_ _5\"/>there is a present<span class=\"_ _5\"/> obligation (legal or<span class=\"_ _5\"/> constructive) as a resul<span class=\"_ _b\"/>t of a past<span class=\"_ _5\"/> event,<span class=\"_ _b\"/> a reliable estimat<span class=\"_ _5\"/>e can be made o<span class=\"_ _5\"/>f the amount<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the obligation,<span class=\"_ _b\"/> and it is probable tha<span class=\"_ _5\"/>t an outflow<span class=\"_ _5\"/> of economic bene<span class=\"_ _5\"/>fits will be required <span class=\"_ _5\"/>to settle <span class=\"_ _5\"/>the obligation.<span class=\"_ _b\"/> Provisions are measured a<span class=\"_ _5\"/>t net<span class=\"_ _5\"/> present v<span class=\"_ _5\"/>alue,<span class=\"_ _b\"/> taking int<span class=\"_ _5\"/>o accoun<span class=\"_ _5\"/>t the timing o<span class=\"_ _5\"/>f the cash outflows.<span class=\"_ _b\"/> The discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e used reflects the curren<span class=\"_ _5\"/>t marke<span class=\"_ _5\"/>t assessments of<span class=\"_ _5\"/> the time <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f money and <span class=\"_ _5\"/>the risks specific to <span class=\"_ _5\"/>the liability<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Unwinding of<span class=\"_ _5\"/> the discount<span class=\"_ _5\"/> is recognized as a <span class=\"_ _5\"/>finance expense (see not<span class=\"_ _5\"/>e 11).The amounts recogniz<span class=\"_ _5\"/>ed as provisions re<span class=\"_ _5\"/>flect management\u2019s bes<span class=\"_ _5\"/>t estimat<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> the expenditures requir<span class=\"_ _5\"/>ed to se<span class=\"_ _5\"/>ttle the present<span class=\"_ _5\"/> obligations at<span class=\"_ _5\"/> the balance shee<span class=\"_ _5\"/>t dat<span class=\"_ _5\"/>e or t<span class=\"_ _5\"/>o transf<span class=\"_ _5\"/>er it <span class=\"_ _5\"/>to a third party a<span class=\"_ _5\"/>t tha<span class=\"_ _5\"/>t time<span class=\"_ _5\"/>.Inter<span class=\"_ _5\"/>est-bearing deb<span class=\"_ _5\"/>ts are measured at<span class=\"_ _5\"/> amortized cost,<span class=\"_ _b\"/> in which the differenc<span class=\"_ _5\"/>e between the proc<span class=\"_ _5\"/>eeds and repayments over<span class=\"_ _5\"/> time is charged t<span class=\"_ _5\"/>o profit or<span class=\"_ _5\"/> loss over<span class=\"_ _5\"/> their dura<span class=\"_ _5\"/>tion.<span class=\"_ _5\"/> The portion of l<span class=\"_ _5\"/>ong-term deb<span class=\"_ _5\"/>t tha<span class=\"_ _5\"/>t has t<span class=\"_ _5\"/>o be repaid within one year a<span class=\"_ _5\"/>fter the ba<span class=\"_ _5\"/>lance sheet da<span class=\"_ _5\"/>te is present<span class=\"_ _5\"/>ed as the curren<span class=\"_ _5\"/>t portion of long-<span class=\"_ _5\"/>term debt<span class=\"_ _5\"/> under current<span class=\"_ _5\"/> liabilities.All other<span class=\"_ _5\"/> financial liabilities are rec<span class=\"_ _5\"/>ognized on the tr<span class=\"_ _5\"/>ade dat<span class=\"_ _5\"/>e at <span class=\"_ _5\"/>which the Company<span class=\"_ _5\"/> becomes a party to <span class=\"_ _5\"/>the contra<span class=\"_ _5\"/>ctual provisions o<span class=\"_ _5\"/>f the instrumen<span class=\"_ _5\"/>t.<span class=\"_ _5\"/> Non-derivative <span class=\"_ _5\"/>financial liabilities include loans and borrowings,<span class=\"_ _b\"/> bank ov<span class=\"_ _5\"/>erdrafts,<span class=\"_ _b\"/> trade and other<span class=\"_ _5\"/> payables.<span class=\"_ _b\"/> Initiall<span class=\"_ _5\"/>y these liabilities ar<span class=\"_ _5\"/>e recognized a<span class=\"_ _5\"/>t fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue plus the directl<span class=\"_ _5\"/>y attributabl<span class=\"_ _5\"/>e transaction cos<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> Subsequentl<span class=\"_ _5\"/>y these <span class=\"_ _5\"/>financial liabilities are measured at<span class=\"_ _5\"/> amortized cost using the e<span class=\"_ _5\"/>ffective inter<span class=\"_ _5\"/>est method.Bank ov<span class=\"_ _5\"/>erdrafts tha<span class=\"_ _5\"/>t are repa<span class=\"_ _5\"/>yable on demand and tha<span class=\"_ _5\"/>t f<span class=\"_ _5\"/>orm an integr<span class=\"_ _5\"/>al part of <span class=\"_ _5\"/>the Group\u2019<span class=\"_ _5\"/>s cash management ar<span class=\"_ _5\"/>e included as a component<span class=\"_ _5\"/> of cash and cash equiv<span class=\"_ _5\"/>alents <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the stat<span class=\"_ _5\"/>ement of<span class=\"_ _5\"/> cash flows.Fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue,<span class=\"_ _b\"/> which is determined f<span class=\"_ _5\"/>or disclosur<span class=\"_ _5\"/>e purposes,<span class=\"_ _5\"/> is calcula<span class=\"_ _5\"/>ted based on the presen<span class=\"_ _5\"/>t va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> future cash flow<span class=\"_ _5\"/>s,<span class=\"_ _5\"/> discount<span class=\"_ _5\"/>ed at <span class=\"_ _5\"/>the Company specific mark<span class=\"_ _5\"/>et ra<span class=\"_ _5\"/>te o<span class=\"_ _5\"/>f inter<span class=\"_ _5\"/>est a<span class=\"_ _5\"/>t reporting date<span class=\"_ _5\"/>.Other curren<span class=\"_ _5\"/>t liabilities are non-derivativ<span class=\"_ _5\"/>e financial liabilities,<span class=\"_ _b\"/> which are initiall<span class=\"_ _5\"/>y rec<span class=\"_ _5\"/>ognized at <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue plus directl<span class=\"_ _b\"/>y attributable <span class=\"_ _5\"/>transaction costs.<span class=\"_ _b\"/> Subsequentl<span class=\"_ _5\"/>y these financial liabilities ar<span class=\"_ _5\"/>e measured at<span class=\"_ _5\"/> amor<span class=\"_ _6\"/>tized cost<span class=\"_ _5\"/> using the effective int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> method.Committ<span class=\"_ _5\"/>ed lease payments <span class=\"_ _5\"/>for short-<span class=\"_ _5\"/>term and/<span class=\"_ _5\"/>or low<span class=\"_ _b\"/>-value l<span class=\"_ _5\"/>eases are reported as o<span class=\"_ _5\"/>ff-balance sheet<span class=\"_ _5\"/> commitment.<span class=\"_ _b\"/> The lease paymen<span class=\"_ _5\"/>ts (excl<span class=\"_ _5\"/>uding costs f<span class=\"_ _5\"/>or services such as insurance and maint<span class=\"_ _5\"/>enance,<span class=\"_ _b\"/> which are expenses as incurr<span class=\"_ _5\"/>ed) are recognized as an e<span class=\"_ _5\"/>xpense on a straight<span class=\"_ _5\"/>-line basis unless another<span class=\"_ _5\"/> syst<span class=\"_ _5\"/>emic basis is representa<span class=\"_ _5\"/>tive of <span class=\"_ _5\"/>the time patt<span class=\"_ _5\"/>ern of<span class=\"_ _5\"/> the user\u2019s benefit,<span class=\"_ _b\"/> even if the pa<span class=\"_ _5\"/>yments are no<span class=\"_ _5\"/>t on that<span class=\"_ _5\"/> basis.<span class=\"_ _5\"/> Non-financial guaran<span class=\"_ _5\"/>tees are ac<span class=\"_ _5\"/>counted <span class=\"_ _5\"/>for as a c<span class=\"_ _5\"/>ontingent liability<span class=\"_ _5\"/> until such time it bec<span class=\"_ _5\"/>omes probable tha<span class=\"_ _5\"/>t the Company<span class=\"_ _5\"/> will be requir<span class=\"_ _5\"/>ed to mak<span class=\"_ _5\"/>e a payment<span class=\"_ _5\"/> under such guarant<span class=\"_ _5\"/>ee.<span class=\"_ _b\"/> Financial guarantees ar<span class=\"_ _5\"/>e subject to <span class=\"_ _5\"/>the Expected Credit L<span class=\"_ _5\"/>oss model, and a cr<span class=\"_ _5\"/>edit loss is rec<span class=\"_ _5\"/>ognized for<span class=\"_ _5\"/> the expected cash shortfal<span class=\"_ _5\"/>ls.<span class=\"_ _5\"/> Contingen<span class=\"_ _5\"/>t liabilities are pot<span class=\"_ _5\"/>ential obliga<span class=\"_ _5\"/>tions of sufficient unc<span class=\"_ _5\"/>ertainty that<span class=\"_ _5\"/> it does not<span class=\"_ _5\"/> qualify f<span class=\"_ _5\"/>or recognition as a provision (see no<span class=\"_ _5\"/>te 29),<span class=\"_ _b\"/> unless it is assumed in a business combina<span class=\"_ _5\"/>tion (see note 6).<span class=\"_ _0\"/> Contingent liabilities are r<span class=\"_ _5\"/>eviewed periodicall<span class=\"_ _5\"/>y t<span class=\"_ _5\"/>o assess whether<span class=\"_ _5\"/> an outflow o<span class=\"_ _5\"/>f resources <span class=\"_ _5\"/>will become probabl<span class=\"_ _5\"/>e.A rela<span class=\"_ _5\"/>ted party is a person or an en<span class=\"_ _5\"/>tity that<span class=\"_ _5\"/> is relat<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o the Group.<span class=\"_ _b\"/> These include bo<span class=\"_ _5\"/>th people and entities tha<span class=\"_ _5\"/>t hav<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> or are subject t<span class=\"_ _5\"/>o,<span class=\"_ _b\"/> the influence or<span class=\"_ _5\"/> control o<span class=\"_ _5\"/>f the Group (e<span class=\"_ _5\"/>.g.<span class=\"_ _b\"/> key managemen<span class=\"_ _5\"/>t personnel).<span class=\"_ _b\"/> T<span class=\"_ _5\"/>ransactions with rela<span class=\"_ _5\"/>ted parties are acc<span class=\"_ _5\"/>ounted <span class=\"_ _5\"/>for in ac<span class=\"_ _5\"/>cordance <span class=\"_ _5\"/>with the requiremen<span class=\"_ _5\"/>ts of rel<span class=\"_ _5\"/>evant<span class=\"_ _5\"/> IFRSs and take int<span class=\"_ _5\"/>o accoun<span class=\"_ _5\"/>t the substanc<span class=\"_ _5\"/>e as well as the legal form.A subsequent<span class=\"_ _5\"/> event<span class=\"_ _5\"/> is a fav<span class=\"_ _5\"/>orable or un<span class=\"_ _5\"/>favor<span class=\"_ _5\"/>able event,<span class=\"_ _b\"/> tha<span class=\"_ _5\"/>t occurs between <span class=\"_ _5\"/>the reporting date and <span class=\"_ _5\"/>the date <span class=\"_ _5\"/>that <span class=\"_ _5\"/>the financial stat<span class=\"_ _5\"/>ements are authoriz<span class=\"_ _5\"/>ed for issue<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Even<span class=\"_ _5\"/>ts after <span class=\"_ _5\"/>the reporting date tha<span class=\"_ _5\"/>t pro<span class=\"_ _5\"/>vide evidence of<span class=\"_ _5\"/> conditions tha<span class=\"_ _5\"/>t exist<span class=\"_ _5\"/>ed at <span class=\"_ _5\"/>the reporting date are a<span class=\"_ _5\"/>djusted <span class=\"_ _5\"/>within the financial sta<span class=\"_ _5\"/>tements.<span class=\"_ _b\"/> Even<span class=\"_ _5\"/>ts that ar<span class=\"_ _5\"/>e indicative o<span class=\"_ _5\"/>f a condition <span class=\"_ _5\"/>that arose after<span class=\"_ _5\"/> the reporting dat<span class=\"_ _5\"/>e of a ma<span class=\"_ _5\"/>terial siz<span class=\"_ _5\"/>e or natur<span class=\"_ _5\"/>e are disclosed below<span class=\"_ _b\"/>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__13": {
   "value": "Statement of complianceThe Consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRSs) as adopted by the European Union and in conformity with Part 9 of Book 2 of the Dutch Civil Code. In accordance with sub 8 of article 362, Book 2 of the Dutch Civil Code, the Company financial statements are prepared based on the accounting principles of recognition, measurement and determination of profit, as applied in the Consolidated financial statements. These principles also include the classification and presentation of financial instruments, being equity instruments or financial liabilities.",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__6": {
   "value": "The Consolida<span class=\"_ _5\"/>ted financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements w<span class=\"_ _5\"/>ere authorized f<span class=\"_ _5\"/>or issue by<span class=\"_ _5\"/> the Ex<span class=\"_ _5\"/>ecutive Board and Supervisor<span class=\"_ _6\"/>y Board on 1<span class=\"_ _5\"/>6 February 20<span class=\"_ _5\"/>23.<span class=\"_ _b\"/> The Consolida<span class=\"_ _5\"/>ted financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements as present<span class=\"_ _5\"/>ed in this Annua<span class=\"_ _5\"/>l Integr<span class=\"_ _5\"/>at<span class=\"_ _5\"/>ed Report are subject <span class=\"_ _5\"/>to adop<span class=\"_ _5\"/>tion by <span class=\"_ _5\"/>the General Mee<span class=\"_ _5\"/>ting of Shar<span class=\"_ _5\"/>eholders,<span class=\"_ _b\"/> to be hel<span class=\"_ _5\"/>d on 1<span class=\"_ _5\"/>2 May 2<span class=\"_ _5\"/>023.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__14": {
   "value": "Basis of<span class=\"_ _5\"/> measurementThe Consolida<span class=\"_ _5\"/>ted financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements hav<span class=\"_ _5\"/>e been prepared on hist<span class=\"_ _b\"/>orical cost basis,<span class=\"_ _0\"/> excep<span class=\"_ _5\"/>t f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>the fol<span class=\"_ _5\"/>lowing items,<span class=\"_ _0\"/> which are measured a<span class=\"_ _5\"/>t a differen<span class=\"_ _5\"/>t basis on each r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting dat<span class=\"_ _5\"/>e:\u2022 <span class=\"_ _44\"> </span><span class=\"fc6 ws1\">derivativ<span class=\"_ _5\"/>e financial instruments and shar<span class=\"_ _5\"/>e-based compensation arrangemen<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> which are measur<span class=\"_ _5\"/>ed at </span>fair valu<span class=\"_ _6\"/>e;\u2022 <span class=\"_ _44\"> </span><span class=\"fc6 ws1\">net defined benefit<span class=\"_ _5\"/> (asset)/liability<span class=\"_ _5\"/>,<span class=\"_ _b\"/> which is measured at<span class=\"_ _5\"/> the f<span class=\"_ _5\"/>air v<span class=\"_ _5\"/>alue o<span class=\"_ _5\"/>f plan assets less <span class=\"_ _5\"/>the present </span>val<span class=\"_ _5\"/>ue of <span class=\"_ _5\"/>the defined benefit obliga<span class=\"_ _5\"/>tion; \u2022 <span class=\"_ _44\"> </span><span class=\"fc6 ws1\">contingent<span class=\"_ _5\"/> considera<span class=\"_ _5\"/>tion assumed in a business combination,<span class=\"_ _0\"/> which is measured at<span class=\"_ _5\"/> fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue; and </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6 ws1\">financial assets at<span class=\"_ _5\"/> fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue through pro<span class=\"_ _b\"/>f<span class=\"_ _6\"/>it or l<span class=\"_ _5\"/>oss,<span class=\"_ _5\"/> which are measur<span class=\"_ _5\"/>ed at<span class=\"_ _5\"/> fair <span class=\"_ _5\"/>val<span class=\"_ _5\"/>ue.</span>F<span class=\"_ _5\"/>or more detail<span class=\"_ _5\"/>ed informa<span class=\"_ _5\"/>tion on the measuremen<span class=\"_ _5\"/>t basis,<span class=\"_ _b\"/> ref<span class=\"_ _5\"/>erence is made <span class=\"_ _5\"/>to the significant<span class=\"_ _5\"/> accoun<span class=\"_ _5\"/>ting policies as included in the r<span class=\"_ _5\"/>elevan<span class=\"_ _5\"/>t not<span class=\"_ _b\"/>es to the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed financial sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>ts.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__7": {
   "value": "Basis of consolidationThe Consolidated financial statements include the accounts of Arcadis NV and its subsidiaries, and the Company\u2019s interests in jointly controlled entities and associates. Intra-group balances and transactions, any unrealized gains and losses or income and expenses arising from intra-group transactions are eliminated in preparing the Consolidated financial statements. Unrealized gains arising from transactions with associates and joint ventures are eliminated against the investment to the extent of the Company\u2019s interest in the investee. Unrealized losses are eliminated in the same way as unrealized gains, but only to the extent that there is no evidence of impairment.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__97": {
   "value": "F<span class=\"_ _5\"/>oreign currenciesFunctional and reporting currencyThe Consolida<span class=\"_ _5\"/>ted financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements are presen<span class=\"_ _5\"/>ted in euros,<span class=\"_ _0\"/> which is the Compan<span class=\"_ _5\"/>y\u2019s functional and reporting currency<span class=\"_ _b\"/>.<span class=\"_ _5\"/> All amounts sho<span class=\"_ _5\"/>wn in the financial s<span class=\"_ _5\"/>tatemen<span class=\"_ _5\"/>ts are in thousands o<span class=\"_ _5\"/>f euros unl<span class=\"_ _5\"/>ess otherwise<span class=\"_ _6\"/> sta<span class=\"_ _5\"/>ted.<span class=\"_ _b\"/> Items included in <span class=\"_ _5\"/>the financial inf<span class=\"_ _5\"/>ormation o<span class=\"_ _5\"/>f each o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>Arcadis\u2019<span class=\"_ _0\"/> entities are measured using the curr<span class=\"_ _5\"/>ency of<span class=\"_ _5\"/> the primary economic envir<span class=\"_ _5\"/>onment in which <span class=\"_ _5\"/>the entity oper<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es (the functional currency).<span class=\"_ _b\"/> If the <span class=\"_ _5\"/>functional<span class=\"_ _6\"/> currency o<span class=\"_ _5\"/>f a (for<span class=\"_ _5\"/>eign) subsidiary<span class=\"_ _5\"/>,<span class=\"_ _5\"/> joint <span class=\"_ _5\"/>venture or<span class=\"_ _5\"/> associat<span class=\"_ _5\"/>e is not<span class=\"_ _5\"/> the euro<span class=\"_ _5\"/>,<span class=\"_ _5\"/> f<span class=\"_ _5\"/>oreign currency ex<span class=\"_ _b\"/>change<span class=\"_ _6\"/> differenc<span class=\"_ _5\"/>es arising from tr<span class=\"_ _5\"/>anslation are r<span class=\"_ _5\"/>ecognized as <span class=\"_ _5\"/>translation diff<span class=\"_ _5\"/>erences in Other c<span class=\"_ _5\"/>omprehensive income and present<span class=\"_ _5\"/>ed in the T<span class=\"_ _0\"/>ranslation reserve in equity<span class=\"_ _b\"/>.F<span class=\"_ _5\"/>oreign currency transactions T<span class=\"_ _b\"/>ransactions in f<span class=\"_ _5\"/>oreign currencies are <span class=\"_ _5\"/>translat<span class=\"_ _5\"/>ed int<span class=\"_ _5\"/>o the functional currency<span class=\"_ _5\"/> of en<span class=\"_ _5\"/>tities using the f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>e at<span class=\"_ _5\"/> transaction da<span class=\"_ _5\"/>te<span class=\"_ _5\"/>.<span class=\"_ _5\"/> The functional curr<span class=\"_ _5\"/>ency of<span class=\"_ _5\"/> the f<span class=\"_ _5\"/>oreign entities is in genera<span class=\"_ _5\"/>l the loca<span class=\"_ _5\"/>l currency<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Monetary assets and liabilities denomina<span class=\"_ _5\"/>ted in f<span class=\"_ _5\"/>oreign currencies ar<span class=\"_ _5\"/>e transla<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to the <span class=\"_ _5\"/>functional currency o<span class=\"_ _5\"/>f the en<span class=\"_ _5\"/>tity using the ex<span class=\"_ _b\"/>change rates a<span class=\"_ _b\"/>t the balance shee<span class=\"_ _5\"/>t da<span class=\"_ _5\"/>te.Exchange r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e differences ar<span class=\"_ _5\"/>e included in pro<span class=\"_ _5\"/>fit or loss.<span class=\"_ _b\"/> Non-monetary assets and liabilities tha<span class=\"_ _b\"/>t are measured a<span class=\"_ _5\"/>t fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue in a f<span class=\"_ _5\"/>oreign currency ar<span class=\"_ _5\"/>e transla<span class=\"_ _5\"/>ted int<span class=\"_ _5\"/>o the functional curr<span class=\"_ _5\"/>ency at<span class=\"_ _5\"/> the ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>e when the <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue w<span class=\"_ _5\"/>as determined.<span class=\"_ _0\"/> Non-monetar<span class=\"_ _6\"/>y it<span class=\"_ _5\"/>ems that<span class=\"_ _5\"/> are measured based on his<span class=\"_ _5\"/>torical c<span class=\"_ _5\"/>ost in a for<span class=\"_ _5\"/>eign currency are tr<span class=\"_ _5\"/>anslat<span class=\"_ _5\"/>ed at<span class=\"_ _5\"/> the ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>e at<span class=\"_ _5\"/> the dat<span class=\"_ _b\"/>e of the <span class=\"_ _5\"/>transaction.F<span class=\"_ _5\"/>oreign operationsThe assets and liabilities o<span class=\"_ _5\"/>f f<span class=\"_ _5\"/>oreign opera<span class=\"_ _5\"/>tions,<span class=\"_ _b\"/> including Goodwill and fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue adjustmen<span class=\"_ _5\"/>ts arising on<span class=\"_ _6\"/> acquisitions,<span class=\"_ _0\"/> are transla<span class=\"_ _5\"/>ted t<span class=\"_ _b\"/>o euros at e<span class=\"_ _5\"/>xchange ra<span class=\"_ _5\"/>tes a<span class=\"_ _5\"/>t the r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The income and e<span class=\"_ _5\"/>xpenses of for<span class=\"_ _5\"/>eign operations ar<span class=\"_ _5\"/>e transla<span class=\"_ _5\"/>ted int<span class=\"_ _5\"/>o euros using a<span class=\"_ _5\"/>verage e<span class=\"_ _5\"/>xchange ra<span class=\"_ _5\"/>tes,<span class=\"_ _0\"/> approximating <span class=\"_ _5\"/>the f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>es at<span class=\"_ _5\"/> transaction da<span class=\"_ _5\"/>te<span class=\"_ _5\"/>.T<span class=\"_ _b\"/>ranslation differ<span class=\"_ _5\"/>ences are rec<span class=\"_ _5\"/>ognized in Other compr<span class=\"_ _5\"/>ehensive income and presen<span class=\"_ _5\"/>ted in <span class=\"_ _5\"/>the T<span class=\"_ _b\"/>ranslation reserve in Equity<span class=\"_ _b\"/>.<span class=\"_ _b\"/> For subsidiaries no<span class=\"_ _5\"/>t <span class=\"_ _5\"/>wholl<span class=\"_ _5\"/>y owned,<span class=\"_ _b\"/> the rel<span class=\"_ _5\"/>evant<span class=\"_ _5\"/> proportionate shar<span class=\"_ _5\"/>e of <span class=\"_ _5\"/>the transla<span class=\"_ _5\"/>tion differenc<span class=\"_ _5\"/>e is alloca<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to the non-con<span class=\"_ _5\"/>trolling int<span class=\"_ _5\"/>erests.<span class=\"_ _0\"/> When a for<span class=\"_ _5\"/>eign operation is disposed o<span class=\"_ _5\"/>f<span class=\"_ _b\"/>,<span class=\"_ _5\"/> in part or in full,<span class=\"_ _b\"/> the relev<span class=\"_ _5\"/>ant amoun<span class=\"_ _5\"/>t in the T<span class=\"_ _0\"/>ranslation reserve is <span class=\"_ _5\"/>transf<span class=\"_ _5\"/>erred t<span class=\"_ _5\"/>o profit or<span class=\"_ _5\"/> loss as part of<span class=\"_ _5\"/> the gain or l<span class=\"_ _5\"/>oss<span class=\"_ _6\"/> on disposal.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__96": {
   "value": "F<span class=\"_ _5\"/>oreign currenciesFunctional and reporting currencyThe Consolida<span class=\"_ _5\"/>ted financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements are presen<span class=\"_ _5\"/>ted in euros,<span class=\"_ _0\"/> which is the Compan<span class=\"_ _5\"/>y\u2019s functional and reporting currency<span class=\"_ _b\"/>.<span class=\"_ _5\"/> All amounts sho<span class=\"_ _5\"/>wn in the financial s<span class=\"_ _5\"/>tatemen<span class=\"_ _5\"/>ts are in thousands o<span class=\"_ _5\"/>f euros unl<span class=\"_ _5\"/>ess otherwise<span class=\"_ _6\"/> sta<span class=\"_ _5\"/>ted.<span class=\"_ _b\"/> Items included in <span class=\"_ _5\"/>the financial inf<span class=\"_ _5\"/>ormation o<span class=\"_ _5\"/>f each o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>Arcadis\u2019<span class=\"_ _0\"/> entities are measured using the curr<span class=\"_ _5\"/>ency of<span class=\"_ _5\"/> the primary economic envir<span class=\"_ _5\"/>onment in which <span class=\"_ _5\"/>the entity oper<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es (the functional currency).<span class=\"_ _b\"/> If the <span class=\"_ _5\"/>functional<span class=\"_ _6\"/> currency o<span class=\"_ _5\"/>f a (for<span class=\"_ _5\"/>eign) subsidiary<span class=\"_ _5\"/>,<span class=\"_ _5\"/> joint <span class=\"_ _5\"/>venture or<span class=\"_ _5\"/> associat<span class=\"_ _5\"/>e is not<span class=\"_ _5\"/> the euro<span class=\"_ _5\"/>,<span class=\"_ _5\"/> f<span class=\"_ _5\"/>oreign currency ex<span class=\"_ _b\"/>change<span class=\"_ _6\"/> differenc<span class=\"_ _5\"/>es arising from tr<span class=\"_ _5\"/>anslation are r<span class=\"_ _5\"/>ecognized as <span class=\"_ _5\"/>translation diff<span class=\"_ _5\"/>erences in Other c<span class=\"_ _5\"/>omprehensive income and present<span class=\"_ _5\"/>ed in the T<span class=\"_ _0\"/>ranslation reserve in equity<span class=\"_ _b\"/>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__19": {
   "value": "Accounting estimates and management judgementsThe preparation of the Consolidated financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses as well as the information disclosed. The most significant accounting estimates and management judgments are related to:\u2022   Revenue  recognition (\u2018cost to complete\u2019) and estimate of the variable consideration \u2013 see note 7;\u2022  Goodwill impairment testing and assumptions underlying recoverable amount \u2013 see note 14;\u2022  Purchase price allocation \u2013 see note 6;\u2022  Segment reporting \u2013 see note 5;\u2022  Deferred tax recognition and uncertain tax treatments \u2013 see note 12;\u2022  Leases- estimating the incremental borrowing rate \u2013 see note 16;\u2022  Recoverability of trade receivables \u2013 see note 21;\u2022  Contract assets (unbilled receivables), contract liabilities (billing in excess of revenue) and provisions for onerous contracts \u2013 see note 22;\u2022  Provisions for defined benefit pension obligations \u2013 see note 28;\u2022  Recognition and measurement of provisions: key assumptions about the likelihood and magnitude of an outflow of resources \u2013 see note 29;\u2022  Going concern - see note 32.The accounting estimates and judgements in preparing the Consolidated financial statements are further explained in the relevant notes to the Consolidated financial statements. In general, the judgements, estimates and assumptions are based on market information, knowledge, historical experience and other factors that management believes to be reasonable under the circumstances. Actual results may differ from these estimates.Judgements, estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised and in any future periods affected.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__98": {
   "value": "ImpairmentThe carrying amounts of the assets of Arcadis, other than Contract assets and liabilities, Deferred tax assets and Financial instruments, are reviewed at each reporting date to determine whether there is any indication of impairment. If such indication exists, then the assets recoverable amount is estimated. Goodwill and other assets that have an indefinite useful life are tested annually for impairment, and when an impairment trigger is identified.For impairment testing, assets 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 units (CGUs). Goodwill arising from a business combination is allocated to Groups of CGUs that are expected to benefit from the synergies of the combination.The recoverable amount is the greater of the fair value less costs to sell and value in use. In assessing the value in use, estimated future cash flows are discounted to present values using a discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. An impairment loss is recognized whenever the carrying amount of an asset or its CGU exceeds its recoverable amount.Impairment losses are recognized in the income statement. Impairment losses recognized regarding CGUs are allocated first to reduce the carrying amount of any goodwill allocated to CGUs and then to reduce the carrying amount of the other assets in the unit on a pro-rata basis.An impairment loss of goodwill is not reversed. Regarding other assets, an impairment loss can be 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 amortization, if no impairment loss had been recognized.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__100": {
   "value": "Financial instrumen<span class=\"_ _5\"/>tsNon-derivativ<span class=\"_ _5\"/>e financial <span class=\"_ _6\"/>assetsFinancial assets incl<span class=\"_ _5\"/>ude trade r<span class=\"_ _5\"/>eceivables,<span class=\"_ _0\"/> other rec<span class=\"_ _5\"/>eivables and loans and borr<span class=\"_ _5\"/>owings.<span class=\"_ _b\"/> Loans,<span class=\"_ _b\"/> receivables,<span class=\"_ _b\"/> and deposits are rec<span class=\"_ _5\"/>ognized on the da<span class=\"_ _5\"/>te the<span class=\"_ _5\"/>y are origina<span class=\"_ _5\"/>ted.<span class=\"_ _0\"/> All other<span class=\"_ _5\"/> financial assets are r<span class=\"_ _5\"/>ecognized initial<span class=\"_ _5\"/>ly on tra<span class=\"_ _5\"/>de dat<span class=\"_ _5\"/>e when the C<span class=\"_ _5\"/>ompany becomes a party <span class=\"_ _5\"/>to the c<span class=\"_ _5\"/>ontractual pr<span class=\"_ _5\"/>ovisions of<span class=\"_ _5\"/> the instrumen<span class=\"_ _5\"/>t.<span class=\"_ _5\"/> Financial assets are der<span class=\"_ _5\"/>ecognized when <span class=\"_ _5\"/>the rights t<span class=\"_ _5\"/>o receiv<span class=\"_ _5\"/>e cash flows <span class=\"_ _5\"/>from the <span class=\"_ _5\"/>financial assets hav<span class=\"_ _5\"/>e expired or ha<span class=\"_ _5\"/>ve been trans<span class=\"_ _5\"/>ferred and <span class=\"_ _5\"/>the Group has tr<span class=\"_ _5\"/>ansferr<span class=\"_ _5\"/>ed substantial<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> all the risks and r<span class=\"_ _5\"/>ewards o<span class=\"_ _5\"/>f ownership<span class=\"_ _5\"/>.<span class=\"_ _5\"/> All financial ins<span class=\"_ _5\"/>truments are initial<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> measured at<span class=\"_ _5\"/> fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue plus or minus,<span class=\"_ _0\"/> in the case of a <span class=\"_ _5\"/>financial asset no<span class=\"_ _5\"/>t at<span class=\"_ _5\"/> fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue through pro<span class=\"_ _b\"/>f<span class=\"_ _6\"/>it or l<span class=\"_ _5\"/>oss,<span class=\"_ _5\"/> transa<span class=\"_ _5\"/>ction costs.<span class=\"_ _b\"/> The Group classifies its financial assets as <span class=\"_ _5\"/>those t<span class=\"_ _5\"/>o be measured subsequentl<span class=\"_ _b\"/>y at<span class=\"_ _5\"/> fair <span class=\"_ _5\"/>value (either<span class=\"_ _5\"/> through Other<span class=\"_ _5\"/> comprehensive inc<span class=\"_ _5\"/>ome or thr<span class=\"_ _5\"/>ough profit or<span class=\"_ _5\"/> loss) or <span class=\"_ _5\"/>those to be measur<span class=\"_ _5\"/>ed at amortized cos<span class=\"_ _5\"/>t.<span class=\"_ _b\"/> The classification depends on the purpose f<span class=\"_ _b\"/>or which the <span class=\"_ _5\"/>financial assets w<span class=\"_ _5\"/>ere acquir<span class=\"_ _5\"/>ed.<span class=\"_ _b\"/> Management det<span class=\"_ _5\"/>ermines the classification o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the financial assets a<span class=\"_ _5\"/>t initial rec<span class=\"_ _5\"/>ognition,<span class=\"_ _5\"/> based on the business model <span class=\"_ _5\"/>for mana<span class=\"_ _5\"/>ging the assets and the c<span class=\"_ _5\"/>ontractual <span class=\"_ _5\"/>terms o<span class=\"_ _5\"/>f the cash <span class=\"_ _5\"/>flows,<span class=\"_ _b\"/> and assesses the designa<span class=\"_ _5\"/>tion at ea<span class=\"_ _5\"/>ch reporting date<span class=\"_ _5\"/>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__101": {
   "value": "Non-derivativ<span class=\"_ _5\"/>e financial <span class=\"_ _6\"/>assetsFinancial assets incl<span class=\"_ _5\"/>ude trade r<span class=\"_ _5\"/>eceivables,<span class=\"_ _0\"/> other rec<span class=\"_ _5\"/>eivables and loans and borr<span class=\"_ _5\"/>owings.<span class=\"_ _b\"/> Loans,<span class=\"_ _b\"/> receivables,<span class=\"_ _b\"/> and deposits are rec<span class=\"_ _5\"/>ognized on the da<span class=\"_ _5\"/>te the<span class=\"_ _5\"/>y are origina<span class=\"_ _5\"/>ted.<span class=\"_ _0\"/> All other<span class=\"_ _5\"/> financial assets are r<span class=\"_ _5\"/>ecognized initial<span class=\"_ _5\"/>ly on tra<span class=\"_ _5\"/>de dat<span class=\"_ _5\"/>e when the C<span class=\"_ _5\"/>ompany becomes a party <span class=\"_ _5\"/>to the c<span class=\"_ _5\"/>ontractual pr<span class=\"_ _5\"/>ovisions of<span class=\"_ _5\"/> the instrumen<span class=\"_ _5\"/>t.<span class=\"_ _5\"/> Financial assets are der<span class=\"_ _5\"/>ecognized when <span class=\"_ _5\"/>the rights t<span class=\"_ _5\"/>o receiv<span class=\"_ _5\"/>e cash flows <span class=\"_ _5\"/>from the <span class=\"_ _5\"/>financial assets hav<span class=\"_ _5\"/>e expired or ha<span class=\"_ _5\"/>ve been trans<span class=\"_ _5\"/>ferred and <span class=\"_ _5\"/>the Group has tr<span class=\"_ _5\"/>ansferr<span class=\"_ _5\"/>ed substantial<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> all the risks and r<span class=\"_ _5\"/>ewards o<span class=\"_ _5\"/>f ownership<span class=\"_ _5\"/>.<span class=\"_ _5\"/> All financial ins<span class=\"_ _5\"/>truments are initial<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> measured at<span class=\"_ _5\"/> fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue plus or minus,<span class=\"_ _0\"/> in the case of a <span class=\"_ _5\"/>financial asset no<span class=\"_ _5\"/>t at<span class=\"_ _5\"/> fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue through pro<span class=\"_ _b\"/>f<span class=\"_ _6\"/>it or l<span class=\"_ _5\"/>oss,<span class=\"_ _5\"/> transa<span class=\"_ _5\"/>ction costs.<span class=\"_ _b\"/> The Group classifies its financial assets as <span class=\"_ _5\"/>those t<span class=\"_ _5\"/>o be measured subsequentl<span class=\"_ _b\"/>y at<span class=\"_ _5\"/> fair <span class=\"_ _5\"/>value (either<span class=\"_ _5\"/> through Other<span class=\"_ _5\"/> comprehensive inc<span class=\"_ _5\"/>ome or thr<span class=\"_ _5\"/>ough profit or<span class=\"_ _5\"/> loss) or <span class=\"_ _5\"/>those to be measur<span class=\"_ _5\"/>ed at amortized cos<span class=\"_ _5\"/>t.<span class=\"_ _b\"/> The classification depends on the purpose f<span class=\"_ _b\"/>or which the <span class=\"_ _5\"/>financial assets w<span class=\"_ _5\"/>ere acquir<span class=\"_ _5\"/>ed.<span class=\"_ _b\"/> Management det<span class=\"_ _5\"/>ermines the classification o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the financial assets a<span class=\"_ _5\"/>t initial rec<span class=\"_ _5\"/>ognition,<span class=\"_ _5\"/> based on the business model <span class=\"_ _5\"/>for mana<span class=\"_ _5\"/>ging the assets and the c<span class=\"_ _5\"/>ontractual <span class=\"_ _5\"/>terms o<span class=\"_ _5\"/>f the cash <span class=\"_ _5\"/>flows,<span class=\"_ _b\"/> and assesses the designa<span class=\"_ _5\"/>tion at ea<span class=\"_ _5\"/>ch reporting date<span class=\"_ _5\"/>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__103": {
   "value": "Offsetting of<span class=\"_ _5\"/> financial assets and liabilitiesFinancial assets and liabilities ar<span class=\"_ _5\"/>e offset and r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ted as a ne<span class=\"_ _5\"/>t amount in <span class=\"_ _5\"/>the balance shee<span class=\"_ _5\"/>t when <span class=\"_ _5\"/>there is a legal<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> enfor<span class=\"_ _5\"/>ceable right<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o offset <span class=\"_ _5\"/>the recognized amoun<span class=\"_ _5\"/>ts and there is an int<span class=\"_ _b\"/>ention to se<span class=\"_ _5\"/>ttle on a net basis or rea<span class=\"_ _5\"/>lize the asset<span class=\"_ _5\"/> and settle <span class=\"_ _5\"/>the liability simul<span class=\"_ _5\"/>taneously<span class=\"_ _0\"/>.<span class=\"_ _5\"/> The lega<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y enf<span class=\"_ _5\"/>orceable righ<span class=\"_ _5\"/>t must no<span class=\"_ _b\"/>t be contingen<span class=\"_ _5\"/>t on future e<span class=\"_ _5\"/>vents and must<span class=\"_ _5\"/> be enf<span class=\"_ _5\"/>orceable in <span class=\"_ _5\"/>the normal course o<span class=\"_ _5\"/>f business and in the ev<span class=\"_ _5\"/>ent o<span class=\"_ _5\"/>f defaul<span class=\"_ _b\"/>t,<span class=\"_ _5\"/> insolv<span class=\"_ _5\"/>ency or bankrup<span class=\"_ _5\"/>tcy o<span class=\"_ _5\"/>f the C<span class=\"_ _5\"/>ompany or<span class=\"_ _5\"/> the count<span class=\"_ _5\"/>erparty<span class=\"_ _5\"/>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__99": {
   "value": "Cash flow<span class=\"_ _5\"/> <span class=\"_ _6\"/>sta<span class=\"_ _5\"/>tementThe Cash flow<span class=\"_ _5\"/> stat<span class=\"_ _b\"/>ement has been prepared using <span class=\"_ _5\"/>the indirect method.<span class=\"_ _b\"/> Cash flow<span class=\"_ _5\"/>s in for<span class=\"_ _5\"/>eign currencies hav<span class=\"_ _5\"/>e been transla<span class=\"_ _5\"/>ted int<span class=\"_ _5\"/>o euros using a<span class=\"_ _5\"/>verage e<span class=\"_ _5\"/>xchange ra<span class=\"_ _5\"/>tes,<span class=\"_ _0\"/> approximating <span class=\"_ _5\"/>the f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>e at transaction da<span class=\"_ _5\"/>te.<span class=\"_ _0\"/> Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences on cash items ar<span class=\"_ _5\"/>e shown separa<span class=\"_ _5\"/>tel<span class=\"_ _5\"/>y in the Cash <span class=\"_ _5\"/>flow s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ement.<span class=\"_ _5\"/> Receip<span class=\"_ _b\"/>ts and payments with r<span class=\"_ _5\"/>espect to inc<span class=\"_ _5\"/>ome tax and int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> are included in the Cash <span class=\"_ _5\"/>flows <span class=\"_ _5\"/>from opera<span class=\"_ _5\"/>ting activities.<span class=\"_ _5\"/> The cos<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f acquisition o<span class=\"_ _5\"/>f subsidiaries,<span class=\"_ _b\"/> associat<span class=\"_ _5\"/>es and joint <span class=\"_ _5\"/>ventures,<span class=\"_ _0\"/> and other inves<span class=\"_ _5\"/>tments,<span class=\"_ _b\"/> insofar<span class=\"_ _5\"/> as it was paid <span class=\"_ _5\"/>for<span class=\"_ _5\"/> in cash,<span class=\"_ _5\"/> is included in Cash flo<span class=\"_ _5\"/>ws from in<span class=\"_ _5\"/>vesting activities.<span class=\"_ _b\"/> Acquisitions or dives<span class=\"_ _5\"/>tments of<span class=\"_ _5\"/> subsidiaries are present<span class=\"_ _b\"/>ed net of<span class=\"_ _5\"/> cash balances ac<span class=\"_ _5\"/>quired or disposed o<span class=\"_ _5\"/>f<span class=\"_ _b\"/>,<span class=\"_ _5\"/> respectivel<span class=\"_ _5\"/>y<span class=\"_ _5\"/>.<span class=\"_ _b\"/> Cash<span class=\"_ _6\"/> flows <span class=\"_ _5\"/>from deriva<span class=\"_ _5\"/>tives are rec<span class=\"_ _5\"/>ognized in the Cash <span class=\"_ _5\"/>flow sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>t in the same ca<span class=\"_ _5\"/>tegory as those o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the<span class=\"_ _6\"/> hedged item.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__20-1": {
   "value": "Rec<span class=\"_ _5\"/>ent ac<span class=\"_ _5\"/>counting de<span class=\"_ _5\"/>velopmentsAs of 1 <span class=\"_ _b\"/>Januar<span class=\"_ _6\"/>y 2022<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the Group a<span class=\"_ _5\"/>dopt<span class=\"_ _5\"/>ed the amendments <span class=\"_ _5\"/>to IFRS 3 rela<span class=\"_ _5\"/>ting t<span class=\"_ _5\"/>o the Re<span class=\"_ _5\"/>ference <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the Concep<span class=\"_ _b\"/>tual Framew<span class=\"_ _5\"/>ork<span class=\"_ _6\"/>,<span class=\"_ _b\"/> IA<span class=\"_ _6\"/>S 1<span class=\"_ _5\"/>6 relating <span class=\"_ _5\"/>to the pr<span class=\"_ _5\"/>oceeds bef<span class=\"_ _5\"/>ore int<span class=\"_ _5\"/>ended use of pr<span class=\"_ _5\"/>operty<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant and equipment and IAS 3<span class=\"_ _5\"/>7 relating <span class=\"_ _5\"/>to Onerous C<span class=\"_ _5\"/>ontra<span class=\"_ _5\"/>cts <span class=\"_ _5\"/>\u2013<span class=\"_ _5\"/> Costs o<span class=\"_ _b\"/>f Fulfilling a C<span class=\"_ _5\"/>ontract.<span class=\"_ _b\"/> Devel<span class=\"_ _5\"/>opments rela<span class=\"_ _5\"/>ting to <span class=\"_ _5\"/>the published exposure dra<span class=\"_ _5\"/>ft of<span class=\"_ _5\"/> the new s<span class=\"_ _5\"/>tandard <span class=\"_ _b\"/>\u2018General Presen<span class=\"_ _5\"/>tation and Disclosures<span class=\"_ _5\"/>\u2019<span class=\"_ _0\"/>,<span class=\"_ _b\"/> which is int<span class=\"_ _5\"/>ended to r<span class=\"_ _5\"/>eplace IAS 1<span class=\"_ _5\"/>,<span class=\"_ _5\"/> are closel<span class=\"_ _b\"/>y monitored.Onerous Con<span class=\"_ _5\"/>tracts <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> Costs o<span class=\"_ _5\"/>f Ful<span class=\"_ _5\"/>filling a Contra<span class=\"_ _5\"/>ct <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> Amendments t<span class=\"_ _5\"/>o IAS 37An onerous con<span class=\"_ _5\"/>tract is a con<span class=\"_ _5\"/>tract under<span class=\"_ _5\"/> which the una<span class=\"_ _5\"/>voidable o<span class=\"_ _5\"/>f meeting <span class=\"_ _5\"/>the obligations under <span class=\"_ _5\"/>the contra<span class=\"_ _5\"/>ct costs (i.<span class=\"_ _5\"/>e.<span class=\"_ _6\"/>,<span class=\"_ _5\"/> the cos<span class=\"_ _5\"/>ts that<span class=\"_ _5\"/> the Group canno<span class=\"_ _5\"/>t a<span class=\"_ _5\"/>void because it has the c<span class=\"_ _5\"/>ontract) ex<span class=\"_ _5\"/>ceed the ec<span class=\"_ _5\"/>onomic benefits expected <span class=\"_ _5\"/>to be rec<span class=\"_ _5\"/>eived under it.<span class=\"_ _b\"/> The amendments specify <span class=\"_ _5\"/>that <span class=\"_ _5\"/>when assessing whether<span class=\"_ _5\"/> a contra<span class=\"_ _5\"/>ct is onerous or loss-making,<span class=\"_ _0\"/> an entity needs to incl<span class=\"_ _5\"/>ude costs tha<span class=\"_ _5\"/>t rela<span class=\"_ _b\"/>te directl<span class=\"_ _5\"/>y t<span class=\"_ _5\"/>o a contra<span class=\"_ _5\"/>ct t<span class=\"_ _5\"/>o provide goods or services including bo<span class=\"_ _5\"/>th incrementa<span class=\"_ _5\"/>l costs (e<span class=\"_ _5\"/>.g.<span class=\"_ _6\"/>,<span class=\"_ _5\"/> the cos<span class=\"_ _5\"/>ts of dir<span class=\"_ _5\"/>ect labour and mat<span class=\"_ _b\"/>erials) and an alloca<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> costs directl<span class=\"_ _5\"/>y rela<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to con<span class=\"_ _5\"/>tract activities (e.<span class=\"_ _5\"/>g.<span class=\"_ _7\"/>,<span class=\"_ _b\"/> depreciation o<span class=\"_ _5\"/>f equipment<span class=\"_ _5\"/> used to <span class=\"_ _5\"/>fulfil the c<span class=\"_ _5\"/>ontract and c<span class=\"_ _5\"/>osts of<span class=\"_ _5\"/> contra<span class=\"_ _5\"/>ct management<span class=\"_ _5\"/> and<span class=\"_ _6\"/> supervision).<span class=\"_ _5\"/> General and adminis<span class=\"_ _5\"/>trativ<span class=\"_ _5\"/>e costs do no<span class=\"_ _5\"/>t rela<span class=\"_ _5\"/>te directl<span class=\"_ _5\"/>y <span class=\"_ _5\"/>to a con<span class=\"_ _5\"/>tract and are e<span class=\"_ _5\"/>xcluded unl<span class=\"_ _5\"/>ess they ar<span class=\"_ _5\"/>e explicitl<span class=\"_ _5\"/>y chargeable <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the count<span class=\"_ _5\"/>erpar<span class=\"_ _6\"/>ty under <span class=\"_ _5\"/>the contr<span class=\"_ _5\"/>act.The Group has no<span class=\"_ _5\"/>t been impacted b<span class=\"_ _5\"/>y this r<span class=\"_ _5\"/>ecent amendmen<span class=\"_ _5\"/>t as the Gr<span class=\"_ _5\"/>oup is already<span class=\"_ _5\"/> including such costs when assessing whether<span class=\"_ _5\"/> a contra<span class=\"_ _5\"/>ct is onerous or l<span class=\"_ _5\"/>oss-making.Ref<span class=\"_ _5\"/>erence t<span class=\"_ _5\"/>o the Conceptua<span class=\"_ _5\"/>l Framework<span class=\"_ _5\"/> <span class=\"_ _5\"/>\u2013<span class=\"_ _5\"/> Amendments t<span class=\"_ _5\"/>o <span class=\"_ _6\"/>IFRS 3The amendments repla<span class=\"_ _5\"/>ce a ref<span class=\"_ _5\"/>erence <span class=\"_ _5\"/>to a pre<span class=\"_ _5\"/>vious version o<span class=\"_ _5\"/>f the IASB\u2019<span class=\"_ _5\"/>s Concep<span class=\"_ _5\"/>tual Fr<span class=\"_ _5\"/>amework <span class=\"_ _5\"/>with a ref<span class=\"_ _5\"/>erence <span class=\"_ _5\"/>to the curr<span class=\"_ _5\"/>ent <span class=\"_ _5\"/>version issued in March 20<span class=\"_ _5\"/>18 <span class=\"_ _5\"/>without significantl<span class=\"_ _5\"/>y changing its requiremen<span class=\"_ _5\"/>ts.<span class=\"_ _b\"/> The amendments add an e<span class=\"_ _5\"/>xcep<span class=\"_ _5\"/>tion t<span class=\"_ _5\"/>o the recognition principl<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> IFRS 3 Business Combinations <span class=\"_ _5\"/>to a<span class=\"_ _5\"/>void the issue of<span class=\"_ _5\"/> pot<span class=\"_ _5\"/>ential <span class=\"_ _b\"/>\u2018da<span class=\"_ _5\"/>y 2\u2019<span class=\"_ _b\"/> gains or losses arising <span class=\"_ _5\"/>for liabilities and c<span class=\"_ _5\"/>ontingent liabilities <span class=\"_ _5\"/>that<span class=\"_ _5\"/> would be <span class=\"_ _5\"/>within the scope of<span class=\"_ _5\"/> IAS 37 Provisions,<span class=\"_ _0\"/> Contingent Liabilities and C<span class=\"_ _5\"/>ontingent<span class=\"_ _5\"/> Assets or IFRIC 2<span class=\"_ _5\"/>1 Levies,<span class=\"_ _0\"/> if incurred separa<span class=\"_ _5\"/>tel<span class=\"_ _5\"/>y<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The ex<span class=\"_ _5\"/>ception r<span class=\"_ _5\"/>equires entities t<span class=\"_ _5\"/>o appl<span class=\"_ _5\"/>y the crit<span class=\"_ _5\"/>eria in IAS 37 or IFRIC 2<span class=\"_ _b\"/>1,<span class=\"_ _b\"/> respectivel<span class=\"_ _5\"/>y<span class=\"_ _5\"/>,<span class=\"_ _b\"/> insteadof<span class=\"_ _5\"/> the Conc<span class=\"_ _5\"/>eptual F<span class=\"_ _5\"/>ramework,<span class=\"_ _b\"/> to de<span class=\"_ _5\"/>termine <span class=\"_ _5\"/>whether a presen<span class=\"_ _5\"/>t obligation e<span class=\"_ _5\"/>xists at<span class=\"_ _5\"/> the ac<span class=\"_ _5\"/>quisition dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The amendments also a<span class=\"_ _5\"/>dd a new para<span class=\"_ _5\"/>graph t<span class=\"_ _5\"/>o IFRS 3 t<span class=\"_ _5\"/>o clarify that<span class=\"_ _5\"/> contingen<span class=\"_ _5\"/>t assets do no<span class=\"_ _5\"/>t qualify <span class=\"_ _5\"/>for recognition a<span class=\"_ _5\"/>t the a<span class=\"_ _5\"/>cquisition dat<span class=\"_ _b\"/>e.In acc<span class=\"_ _5\"/>ordance with <span class=\"_ _5\"/>the transitiona<span class=\"_ _5\"/>l provisions,<span class=\"_ _b\"/> the Group applies <span class=\"_ _5\"/>the amendments prospectivel<span class=\"_ _5\"/>y<span class=\"_ _b\"/>,<span class=\"_ _5\"/> i.e.<span class=\"_ _6\"/>,<span class=\"_ _b\"/> to business combina<span class=\"_ _5\"/>tions occurring after<span class=\"_ _5\"/> the beginning of<span class=\"_ _5\"/> the annual r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting period in which it <span class=\"_ _5\"/>first applies the amendments (the da<span class=\"_ _5\"/>te o<span class=\"_ _5\"/>f initial applica<span class=\"_ _5\"/>tion).<span class=\"_ _b\"/> In 2022,<span class=\"_ _b\"/> the Group has ac<span class=\"_ _5\"/>quired IBI Group and DPS Group for<span class=\"_ _5\"/> which the pur<span class=\"_ _5\"/>chase price all<span class=\"_ _5\"/>ocation ex<span class=\"_ _5\"/>ercise wil<span class=\"_ _5\"/>l be complet<span class=\"_ _5\"/>ed in 2023.<span class=\"_ _0\"/> The anal<span class=\"_ _5\"/>ysis of<span class=\"_ _5\"/> pot<span class=\"_ _5\"/>ential liabilities or con<span class=\"_ _5\"/>tingent liabilities <span class=\"_ _5\"/>will be performed in 2023 appl<span class=\"_ _b\"/>ying these amendments whene<span class=\"_ _5\"/>ver applicable<span class=\"_ _5\"/>.3 <span class=\"_ _10e\"> </span>Change in accoun<span class=\"_ _5\"/>ting policiesThere are no significant<span class=\"_ _5\"/> change in accoun<span class=\"_ _5\"/>ting policies adopt<span class=\"_ _5\"/>ed during the <span class=\"_ _5\"/>year ended 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__105": {
   "value": "5  Segment reportingAn operating segment is a component of the Company that engages in business activities that can result in revenue and expenses, including revenues and expenses related to transactions with other components of the same Company.The operating segment reporting follows the internal reporting used by the Executive Board of the Company, to manage the business, assess the performance based on the available financial information and to allocate the resources. Inter-segment pricing is determined on an arm\u2019s length basis. Segment results, assets and liabilities include items directly attributable to a segment as well as those that can be allocated on a reasonable basis.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__22": {
   "value": "Reportable segmentsThe opera<span class=\"_ _5\"/>ting segment reporting f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s the int<span class=\"_ _5\"/>ernal reporting used by <span class=\"_ _5\"/>the <span class=\"_ _b\"/>\u201cChief Opera<span class=\"_ _5\"/>ting Decision Maker\u201d<span class=\"_ _5\"/> (\u201cCODM\u201d<span class=\"_ _3\"/>,<span class=\"_ _b\"/> being the Executive L<span class=\"_ _5\"/>eadership T<span class=\"_ _0\"/>eam of <span class=\"_ _5\"/>the Group),<span class=\"_ _b\"/> to mana<span class=\"_ _5\"/>ge the business,<span class=\"_ _b\"/> assess the performance based on the a<span class=\"_ _b\"/>vailable financial inf<span class=\"_ _5\"/>ormation and <span class=\"_ _5\"/>to al<span class=\"_ _5\"/>locat<span class=\"_ _5\"/>e resourc<span class=\"_ _5\"/>es.<span class=\"_ _5\"/> The most<span class=\"_ _5\"/> important performance measures ar<span class=\"_ _5\"/>e EBIT<span class=\"_ _b\"/>A (earnings bef<span class=\"_ _5\"/>ore int<span class=\"_ _5\"/>erest,<span class=\"_ _b\"/> tax,<span class=\"_ _5\"/> amortization of<span class=\"_ _5\"/> identifiable intangible asse<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> and impairment char<span class=\"_ _5\"/>ges) and operating EBIT<span class=\"_ _0\"/>A<span class=\"_ _6\"/>,<span class=\"_ _b\"/> as management believ<span class=\"_ _5\"/>es this is ke<span class=\"_ _5\"/>y in ev<span class=\"_ _5\"/>alua<span class=\"_ _5\"/>ting the resul<span class=\"_ _5\"/>ts of the segments rela<span class=\"_ _5\"/>tive t<span class=\"_ _5\"/>o other<span class=\"_ _5\"/> companies tha<span class=\"_ _5\"/>t opera<span class=\"_ _5\"/>te <span class=\"_ _5\"/>within the same industry<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Howev<span class=\"_ _5\"/>er<span class=\"_ _0\"/>,<span class=\"_ _5\"/> the <span class=\"_ _b\"/>\u201cCODM\u201d<span class=\"_ _b\"/> also receiv<span class=\"_ _5\"/>es informa<span class=\"_ _5\"/>tion about the segmen<span class=\"_ _5\"/>ts\u2019<span class=\"_ _b\"/> net re<span class=\"_ _5\"/>venue.<span class=\"_ _b\"/> Finance expenses,<span class=\"_ _0\"/> finance income,<span class=\"_ _b\"/> and fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue change of<span class=\"_ _5\"/> derivativ<span class=\"_ _5\"/>es are not<span class=\"_ _5\"/> alloca<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to individual segments as the underl<span class=\"_ _b\"/>ying instruments are managed on a gr<span class=\"_ _5\"/>oup basis.<span class=\"_ _b\"/> Current tax<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> deferred <span class=\"_ _5\"/>taxes and certain financial assets and liabilities are no<span class=\"_ _b\"/>t alloca<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to those segmen<span class=\"_ _5\"/>ts as they<span class=\"_ _5\"/> are also managed on a group basis.<span class=\"_ _b\"/> The amount o<span class=\"_ _b\"/>f segment assets and liabilities is no l<span class=\"_ _5\"/>onger disclosed.<span class=\"_ _b\"/> Segment asse<span class=\"_ _5\"/>ts and liabilities are not included in the measur<span class=\"_ _5\"/>es used for<span class=\"_ _5\"/> all<span class=\"_ _5\"/>ocating resour<span class=\"_ _5\"/>ces and assessing segment performanc<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The Group discloses the goodwil<span class=\"_ _5\"/>l by segment<span class=\"_ _5\"/> (see not<span class=\"_ _5\"/>e 1<span class=\"_ _5\"/>4) <span class=\"_ _5\"/>which corresponds t<span class=\"_ _5\"/>o the Groups o<span class=\"_ _5\"/>f CGUs <span class=\"_ _5\"/>for impairmen<span class=\"_ _5\"/>t tes<span class=\"_ _5\"/>ting purpose.<span class=\"_ _b\"/> Hereafter<span class=\"_ _0\"/>,<span class=\"_ _b\"/> the Groups o<span class=\"_ _5\"/>f CGU\u2019s <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the purpose of<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>ting for<span class=\"_ _5\"/> impairment o<span class=\"_ _5\"/>f goodwill,<span class=\"_ _b\"/> defined at<span class=\"_ _5\"/> the lev<span class=\"_ _5\"/>el of<span class=\"_ _5\"/> the opera<span class=\"_ _5\"/>ting segments are re<span class=\"_ _5\"/>ferred <span class=\"_ _5\"/>to as the CGU or<span class=\"_ _5\"/> the CGU\u2019s (in case o<span class=\"_ _b\"/>f multipl<span class=\"_ _5\"/>e groups of CGU\u2019s).Theref<span class=\"_ _5\"/>ore the in<span class=\"_ _5\"/>forma<span class=\"_ _5\"/>tion used by <span class=\"_ _5\"/>the  <span class=\"_ _5\"/>\u201cCODM\u201d<span class=\"_ _b\"/>  t<span class=\"_ _5\"/>o monitor pr<span class=\"_ _5\"/>ogress,<span class=\"_ _b\"/> and for<span class=\"_ _5\"/> decision-making about opera<span class=\"_ _5\"/>tional matt<span class=\"_ _5\"/>ers is based on the f<span class=\"_ _b\"/>our GBAs and is no longer based on the geographic basis o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the opera<span class=\"_ _5\"/>ting companies or the specific na<span class=\"_ _5\"/>ture of<span class=\"_ _5\"/> the services (for<span class=\"_ _5\"/> CallisonR<span class=\"_ _5\"/>TKL<span class=\"_ _6\"/>).The opera<span class=\"_ _5\"/>ting segments are aligned <span class=\"_ _5\"/>with the new<span class=\"_ _5\"/> operating model o<span class=\"_ _5\"/>f the Gr<span class=\"_ _5\"/>oup,<span class=\"_ _b\"/> effective fr<span class=\"_ _5\"/>om the 1 <span class=\"_ _5\"/>Januar<span class=\"_ _6\"/>y 2022<span class=\"_ _5\"/>,<span class=\"_ _5\"/> as the C<span class=\"_ _5\"/>ompany<span class=\"_ _b\"/>,<span class=\"_ _5\"/> has full<span class=\"_ _b\"/>y organized itsel<span class=\"_ _5\"/>f int<span class=\"_ _5\"/>o three Gl<span class=\"_ _5\"/>obal Business Areas (see pa<span class=\"_ _5\"/>ge 24 <span class=\"_ _5\"/>f<span class=\"ls15e ws4f\">or a<span class=\"_ _6\"/> </span>description o<span class=\"_ _5\"/>f the a<span class=\"_ _5\"/>ctivities of ea<span class=\"_ _5\"/>ch of <span class=\"_ _5\"/>those GBAs).<span class=\"_ _5\"/> In October 20<span class=\"_ _5\"/>22 a f<span class=\"_ _5\"/>our<span class=\"_ _6\"/>th GBA has been crea<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>owing the acquisition o<span class=\"_ _5\"/>f IBI Group<span class=\"_ _5\"/>,<span class=\"_ _b\"/> this led the Group <span class=\"_ _5\"/>to cr<span class=\"_ _5\"/>eat<span class=\"_ _5\"/>e the GBA <span class=\"_ _b\"/>\u201cInt<span class=\"_ _5\"/>elligence<span class=\"_ _5\"/>\u201d<span class=\"_ _0\"/>,<span class=\"_ _b\"/> after ana<span class=\"_ _5\"/>ly<span class=\"_ _5\"/>sis,<span class=\"_ _5\"/> the Group concluded <span class=\"_ _5\"/>that <span class=\"_ _5\"/>this GBA cons<span class=\"_ _5\"/>tituted an opera<span class=\"_ _5\"/>ting segment as <span class=\"_ _5\"/>for<span class=\"_ _5\"/> the three o<span class=\"_ _b\"/>ther ones.<span class=\"_ _5\"/> The opera<span class=\"_ _b\"/>ting<span class=\"_ _6\"/> segments are equa<span class=\"_ _5\"/>l to <span class=\"_ _5\"/>the reportable segment and a<span class=\"_ _5\"/>ccordingl<span class=\"_ _b\"/>y there is no aggr<span class=\"_ _5\"/>egation applied.Accor<span class=\"_ _5\"/>dingly<span class=\"_ _0\"/>,<span class=\"_ _5\"/> in accor<span class=\"_ _5\"/>dance with IFRS 8,<span class=\"_ _b\"/> the Company<span class=\"_ _5\"/> has the f<span class=\"_ _5\"/>ollo<span class=\"_ _5\"/>wing reportable segments as at<span class=\"_ _5\"/> 31 December 2<span class=\"_ _5\"/>022 (that<span class=\"_ _5\"/> replac<span class=\"_ _5\"/>es the previous r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>table segments (Americas,<span class=\"_ _b\"/> EME<span class=\"_ _6\"/>,<span class=\"_ _b\"/> AP<span class=\"_ _b\"/>AC,<span class=\"_ _5\"/> CallisonR<span class=\"_ _5\"/>TKL):Operating segmen<span class=\"_ _5\"/>t<span class=\"_ _1b2\"> </span>Reportable segmentPlaces<span class=\"_ _a3\"> </span>PlacesMobility<span class=\"_ _166\"> </span>MobilityResilience<span class=\"_ _81\"> </span>ResilienceIntel<span class=\"_ _5\"/>ligence<span class=\"_ _167\"> </span>Int<span class=\"_ _5\"/>elligenceGeographical in<span class=\"_ _5\"/>forma<span class=\"_ _5\"/>tionGeographical in<span class=\"_ _5\"/>forma<span class=\"_ _5\"/>tion differs from <span class=\"_ _5\"/>the segment in<span class=\"_ _5\"/>forma<span class=\"_ _5\"/>tion due to <span class=\"_ _5\"/>the change in operating model effective 1 <span class=\"_ _b\"/>Januar<span class=\"_ _6\"/>y 2022<span class=\"_ _5\"/>.Net r<span class=\"_ _5\"/>evenues <span class=\"_ _9\"/><span class=\"ls3\"> </span>Non-current by originoperating asse<span class=\"_ _5\"/>tsIn \u20ac millions<span class=\"_ _1b3\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _dd\"> </span></span>2021<span class=\"_ _63\"> </span><span class=\"ff1 fc1 ls10d ws12b\">2<span class=\"_ _6\"/>022<span class=\"_ _dd\"> </span></span>2021Americas<span class=\"_ _195\"> </span>1,<span class=\"_ _6\"/>27<span class=\"_ _6\"/>2<span class=\"_ _ae\"> </span> 9<span class=\"_ _6\"/>75 <span class=\"_ _d9\"> </span><span class=\"lsf9 ws115\">212<span class=\"_ _cd\"> </span><span class=\"lsec ws108\">10<span class=\"_ _6\"/>4</span></span>Europe &amp; Middle East<span class=\"_ _151\"> </span><span class=\"lsef ws10b\">1,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>5<span class=\"_ _6\"/>0<span class=\"_ _cb\"> </span></span> 1<span class=\"_ _5\"/>,225 <span class=\"_ _aa\"> </span><span class=\"ls102 ws11a\"> 19<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _ba\"> </span><span class=\"lsfc ws118\">18<span class=\"_ _6\"/>2</span></span>Asia Pacific<span class=\"_ _17a\"> </span> 396<span class=\"_ _b0\"> </span> 365<span class=\"_ _6\"/> <span class=\"_ _c3\"> </span><span class=\"ls128 ws148\">52 <span class=\"_ _63\"> </span><span class=\"ls12d ws14f\">61</span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1b4\"> </span> 3,<span class=\"_ _6\"/>019<span class=\"_ _6\"/> <span class=\"_ _13c\"> </span> 2<span class=\"_ _6\"/>,565<span class=\"_ _6\"/> <span class=\"_ _174\"> </span><span class=\"ls13e ws168\">456<span class=\"_ _cd\"> </span><span class=\"lsf0 ws10c\">347</span></span>Non-current oper<span class=\"_ _5\"/>ating assets c<span class=\"_ _5\"/>onsist o<span class=\"_ _5\"/>f property<span class=\"_ _b\"/>,<span class=\"_ _5\"/> plant and equipment,<span class=\"_ _0\"/> right-of-use asse<span class=\"_ _5\"/>ts,<span class=\"_ _b\"/> and intangible assets (ex<span class=\"_ _5\"/>cluding Goodwill).Gross re<span class=\"_ _5\"/>venues genera<span class=\"_ _5\"/>ted in the Ne<span class=\"_ _5\"/>therlands amounted <span class=\"_ _5\"/>to \u20ac34<span class=\"_ _5\"/>2 million in 2022 (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac299 million),<span class=\"_ _b\"/> Net rev<span class=\"_ _5\"/>enues to \u20ac2<span class=\"_ _5\"/>66 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac244 million).<span class=\"_ _b\"/> T<span class=\"_ _0\"/>otal assets in <span class=\"_ _5\"/>the Netherlands,<span class=\"_ _b\"/> including int<span class=\"_ _5\"/>ercompany<span class=\"_ _5\"/> assets of<span class=\"_ _5\"/> Arcadis NV<span class=\"_ _5\"/> and its Dutch hol<span class=\"_ _5\"/>dings companies,<span class=\"_ _b\"/> amounted t<span class=\"_ _b\"/>o \u20ac2,770 million (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac1,958 million).Major cust<span class=\"_ _5\"/>omersThe Company<span class=\"_ _5\"/> has no customers <span class=\"_ _5\"/>that<span class=\"_ _5\"/> accoun<span class=\"_ _5\"/>t f<span class=\"_ _5\"/>or more <span class=\"_ _5\"/>than 10% of<span class=\"_ _5\"/> to<span class=\"_ _b\"/>tal annual revenues.Corpora<span class=\"_ _5\"/>te and In \u20ac millions unless o<span class=\"_ _5\"/>ther<span class=\"_ _6\"/>wise stat<span class=\"_ _5\"/>ed<span class=\"_ _1b3\"> </span><span class=\"fs7b fc1 ls3\">Resilience<span class=\"_ _163\"> </span>Plac<span class=\"_ _5\"/>es<span class=\"_ _133\"> </span>Mobility<span class=\"_ _29\"> </span>Intelligence<span class=\"_ _df\"> </span>T<span class=\"_ _b\"/>otal segments</span>unalloca<span class=\"_ _5\"/>ted amounts<span class=\"_ _13a\"> </span>T<span class=\"_ _b\"/>otal consolida<span class=\"_ _5\"/>ted2022 Gross rev<span class=\"_ _5\"/>enue<span class=\"_ _1b5\"> </span> 1,793.1 <span class=\"_ _83\"> </span> 1,31<span class=\"_ _5\"/>5.1 <span class=\"_ _160\"> </span> 8<span class=\"_ _6\"/>94<span class=\"_ _6\"/>.5 <span class=\"_ _188\"> </span> 26<span class=\"_ _6\"/>.2 <span class=\"_ _109\"> </span> 4,028<span class=\"_ _6\"/>.9 <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1b7\"> </span></span> 4,02<span class=\"_ _6\"/>8.9 Mat<span class=\"_ _5\"/>erials,<span class=\"_ _b\"/> ser<span class=\"_ _6\"/>vices of <span class=\"_ _5\"/>third parties and subcontractors<span class=\"_ _6d\"> </span> (554<span class=\"_ _6\"/>.6) <span class=\"_ _52\"> </span> (298<span class=\"_ _6\"/>.3) <span class=\"_ _53\"> </span> (1<span class=\"_ _5\"/>51<span class=\"_ _5\"/>.9) <span class=\"_ _176\"> </span> (5.5) <span class=\"_ _19a\"> </span> (1,01<span class=\"_ _5\"/>0.3 )<span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _58\"> </span></span> (1,010.3) 1Net r<span class=\"_ _5\"/>evenues 1,238.5 <span class=\"_ _80\"> </span> 1,01<span class=\"_ _5\"/>6.8 <span class=\"_ _163\"> </span> 7<span class=\"_ _b\"/>42.6 <span class=\"_ _20\"> </span> 20.7 <span class=\"_ _83\"> </span> 3,018.6 <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _102\"> </span></span> 3,018.6 Operating c<span class=\"_ _5\"/>osts<span class=\"_ _1b8\"> </span> (1,07<span class=\"_ _b\"/>4.7) <span class=\"_ _58\"> </span> (9<span class=\"_ _6\"/>09.5) <span class=\"_ _52\"> </span> (66<span class=\"_ _6\"/>6.2) <span class=\"_ _79\"> </span> (17<span class=\"_ _0\"/>.4) <span class=\"_ _19a\"> </span> (2,667<span class=\"_ _5\"/>.8 )<span class=\"_ _163\"> </span> (23.7) <span class=\"_ _4c\"> </span> (2,691.5 Other income<span class=\"_ _191\"> </span> 1.9 <span class=\"_ _1b9\"> </span> 7<span class=\"_ _b\"/>.2 <span class=\"_ _4a\"> </span> 0.6 <span class=\"_ _4a\"> </span> 0.2 <span class=\"_ _4a\"> </span> 9.9 <span class=\"_ _1b9\"> </span> 1.4 <span class=\"_ _64\"> </span> 11<span class=\"_ _5\"/>.3 Depreciation and amortization<span class=\"_ _18e\"> </span>( 42.5) <span class=\"_ _157\"> </span> (3<span class=\"_ _6\"/>4.3) <span class=\"_ _160\"> </span> (25.0) <span class=\"_ _176\"> </span> (1.7) <span class=\"_ _52\"> </span> (103.5) <span class=\"_ _188\"> </span> (2.3) <span class=\"_ _58\"> </span> (105.8) 1EBIT<span class=\"_ _b\"/>A 123.5 <span class=\"_ _176\"> </span> 8<span class=\"_ _6\"/>0.2 <span class=\"_ _20\"> </span> 52.0 <span class=\"_ _4a\"> </span> 1.7 <span class=\"_ _79\"> </span> 257<span class=\"_ _5\"/>.4 <span class=\"_ _163\"> </span> (24<span class=\"_ _6\"/>.6) <span class=\"_ _159\"> </span> 232<span class=\"_ _6\"/>.8 Amortization other<span class=\"_ _5\"/> intangible assets<span class=\"_ _1ba\"> </span> (6.2) <span class=\"_ _176\"> </span> (5<span class=\"_ _6\"/>.1) <span class=\"_ _13d\"> </span> (3.7) <span class=\"_ _188\"> </span> (0.1) <span class=\"_ _ff\"> </span> (15.1 )<span class=\"_ _2e\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bb\"> </span></span> (15.1<span class=\"_ _b\"/>) Goodwill impairment<span class=\"_ _5\"/> charges<span class=\"_ _1bc\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   </span>Operating inc<span class=\"_ _5\"/>ome<span class=\"_ _1be\"> </span> 1<span class=\"_ _5\"/>1<span class=\"_ _5\"/>7<span class=\"_ _5\"/>.3 <span class=\"_ _20\"> </span> 75.1 <span class=\"_ _188\"> </span> 48<span class=\"_ _6\"/>.3 <span class=\"_ _4a\"> </span> 1.6 <span class=\"_ _15b\"> </span> 242.3 <span class=\"_ _16a\"> </span>(24<span class=\"_ _6\"/>.6) <span class=\"_ _66\"> </span> 21<span class=\"_ _5\"/>7<span class=\"_ _5\"/>.7 1Operating EBIT<span class=\"_ _0\"/>A 13<span class=\"_ _5\"/>3.8 <span class=\"_ _20\"> </span> 92.9 <span class=\"_ _20\"> </span> 72.3 <span class=\"_ _4a\"> </span> 1.9 <span class=\"_ _160\"> </span> 30<span class=\"_ _6\"/>0<span class=\"_ _6\"/>.9 <span class=\"_ _9d\"> </span> (6<span class=\"_ _6\"/>.2) <span class=\"_ _8b\"> </span> 29<span class=\"_ _6\"/>4.7 2 T<span class=\"_ _b\"/>otal capital expenditur<span class=\"_ _5\"/>e16<span class=\"_ _6\"/>.0<span class=\"_ _2d\"> </span>13<span class=\"_ _6\"/>.<span class=\"_ _6\"/>2<span class=\"_ _1bf\"> </span><span class=\"ls3 ws1\"> 9.6 <span class=\"_ _4a\"> </span> 0.3 <span class=\"_ _9a\"> </span>39.1<span class=\"_ _1bf\"> </span> 1.0 <span class=\"_ _9d\"> </span>4<span class=\"_ _6\"/>0.1</span>Corpora<span class=\"_ _5\"/>te and 3nIn \u20ac millions unless o<span class=\"_ _5\"/>ther<span class=\"_ _6\"/>wise stat<span class=\"_ _5\"/>ed<span class=\"_ _1b3\"> </span>T<span class=\"_ _b\"/>otal segmentsunalloca<span class=\"_ _5\"/>ted amounts<span class=\"_ _13a\"> </span>T<span class=\"_ _b\"/>otal consolida<span class=\"_ _5\"/>ted20<span class=\"_ _6\"/>21<span class=\"_ _6\"/> Gross rev<span class=\"_ _5\"/>enue<span class=\"_ _1c0\"> </span>1,561<span class=\"_ _5\"/>.6<span class=\"_ _8b\"> </span>1,069.6<span class=\"_ _64\"> </span>7<span class=\"_ _6\"/>4<span class=\"_ _6\"/>7.<span class=\"_ _7\"/>3<span class=\"_ _1c1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span></span>3,378.5 <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span></span>3,378.5Mat<span class=\"_ _5\"/>erials,<span class=\"_ _b\"/> ser<span class=\"_ _6\"/>vices of <span class=\"_ _5\"/>third parties and subcontractors<span class=\"_ _1c2\"> </span>(521<span class=\"_ _5\"/>.0) <span class=\"_ _159\"> </span><span class=\"ls9d wsac\">(190.7)<span class=\"_ _15b\"> </span>(102.3)<span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _13d\"> </span></span>(813.9)<span class=\"_ _2e\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _13d\"> </span></span>(81<span class=\"_ _5\"/>3.9)</span>1Net r<span class=\"_ _5\"/>evenues1,040<span class=\"_ _6\"/>.6<span class=\"_ _188\"> </span>878<span class=\"_ _6\"/>.<span class=\"_ _6\"/>9<span class=\"_ _188\"> </span>6<span class=\"_ _6\"/>45.0<span class=\"_ _1c1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _157\"> </span><span class=\"ls9d wsac\">2,56<span class=\"_ _6\"/>4<span class=\"_ _6\"/>.6<span class=\"_ _6f\"> </span></span> <span class=\"_ _c\"> </span>-   <span class=\"_ _157\"> </span><span class=\"ls9d wsac\">2,564<span class=\"_ _6\"/>.6</span></span>Operating c<span class=\"_ _5\"/>osts<span class=\"_ _1c3\"> </span>(893.7)<span class=\"_ _160\"> </span><span class=\"ls9d wsac\">(782.5)<span class=\"_ _79\"> </span>(557<span class=\"_ _0\"/>.3)<span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _102\"> </span></span>(2,233.4)<span class=\"_ _a1\"> </span><span class=\"ls3 ws1\">(4.5)<span class=\"_ _83\"> </span></span>(2,237<span class=\"_ _b\"/>.9)</span>Other income<span class=\"_ _1c4\"> </span>4.2<span class=\"_ _97\"> </span>3.5<span class=\"_ _97\"> </span>2.6<span class=\"_ _6f\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _1c5\"> </span><span class=\"lsec ws108\">10.<span class=\"_ _6\"/>3<span class=\"_ _97\"> </span></span>0.9<span class=\"_ _4a\"> </span><span class=\"ls10e ws104\">11<span class=\"_ _6\"/>.<span class=\"_ _7\"/>2</span>Depreciation and amortization<span class=\"_ _1c6\"> </span>(39.6)<span class=\"_ _176\"> </span><span class=\"ls9d wsac\">(33.4)<span class=\"_ _176\"> </span>(24.5)<span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _3e\"> </span></span>(97<span class=\"_ _b\"/>.6)<span class=\"_ _a1\"> </span><span class=\"ls3 ws1\">(3.0)<span class=\"_ _157\"> </span></span>(10<span class=\"_ _6\"/>0.6)</span>1EBIT<span class=\"_ _b\"/>A111<span class=\"_ _6\"/>.<span class=\"_ _6\"/>6<span class=\"_ _3e\"> </span><span class=\"ls3 ws1\">6<span class=\"_ _6\"/>6<span class=\"_ _6\"/>.6<span class=\"_ _a1\"> </span><span class=\"ls152 ws191\">65.8<span class=\"_ _6f\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _64\"> </span></span></span>243<span class=\"_ _6\"/>.9 <span class=\"_ _42\"> </span>(6<span class=\"_ _6\"/>.6)<span class=\"_ _158\"> </span><span class=\"ls15f ws190\">2<span class=\"_ _7\"/>3<span class=\"_ _6\"/>7.<span class=\"_ _6\"/>4</span></span>Amortization other<span class=\"_ _5\"/> intangible assets<span class=\"_ _1c7\"> </span>(4.6)<span class=\"_ _3e\"> </span><span class=\"ls9d wsac\">(3.9)<span class=\"_ _a1\"> </span></span>(2.9)<span class=\"_ _2e\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _a1\"> </span>1(1<span class=\"_ _5\"/>.4)<span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _a1\"> </span><span class=\"ls3 ws1\">(1<span class=\"_ _5\"/>1.4<span class=\"_ _5\"/>)</span></span>Goodwill impairment<span class=\"_ _5\"/> charges<span class=\"_ _1c8\"> </span>-<span class=\"_ _1c9\"> </span>-<span class=\"_ _1c9\"> </span>-<span class=\"_ _5c\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _14d\"> </span></span>-<span class=\"_ _5c\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _14d\"> </span></span>-Operating inc<span class=\"_ _5\"/>ome<span class=\"_ _1be\"> </span><span class=\"lsb8 ws13a\">10<span class=\"_ _6\"/>6<span class=\"_ _6\"/>.9<span class=\"_ _3e\"> </span></span>62<span class=\"_ _6\"/>.7<span class=\"_ _a1\"> </span>62<span class=\"_ _6\"/>.9<span class=\"_ _6f\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _20\"> </span><span class=\"ls15c ws189\">2<span class=\"_ _6\"/>32<span class=\"_ _6\"/>.5<span class=\"_ _1b9\"> </span></span>(6.6)<span class=\"_ _156\"> </span><span class=\"ls160 ws184\">225.9</span>1Operating EBIT<span class=\"_ _0\"/>A113<span class=\"_ _7\"/>.<span class=\"_ _6\"/>1<span class=\"_ _2d\"> </span><span class=\"ls3 ws1\">73.8<span class=\"_ _3e\"> </span><span class=\"ls152 ws191\">65.3<span class=\"_ _6f\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _64\"> </span><span class=\"lsb7 ws14a\">252<span class=\"_ _6\"/>.2<span class=\"_ _1b9\"> </span></span></span></span>(5.8)<span class=\"_ _163\"> </span><span class=\"lsf3 ws10f\">24<span class=\"_ _6\"/>6<span class=\"_ _6\"/>.4</span></span>2 T<span class=\"_ _b\"/>otal capital expenditur<span class=\"_ _5\"/>e <span class=\"_ _1ca\"> </span>14<span class=\"_ _6\"/>.<span class=\"_ _6\"/>1<span class=\"_ _4a\"> </span><span class=\"lsf8 ws114\">11<span class=\"_ _6\"/>.<span class=\"_ _6\"/>9<span class=\"_ _97\"> </span></span>8.7<span class=\"_ _6f\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _4a\"> </span></span>34<span class=\"_ _6\"/>.8<span class=\"_ _6f\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1b9\"> </span></span>34.81 Non-GAAP performance measure.<span class=\"_ _b\"/> Reference is ma<span class=\"_ _5\"/>de to the Glossary Non-Financia<span class=\"_ _5\"/>l and Financial indicators on page 2<span class=\"_ _5\"/>86 for the definition as used by<span class=\"_ _5\"/> Arcadis.2 Amount o<span class=\"_ _5\"/>f investments in (in)tangibl<span class=\"_ _5\"/>e assets.3 Intel<span class=\"_ _5\"/>ligence segment inf<span class=\"_ _5\"/>ormation for<span class=\"_ _5\"/> 2021 consists o<span class=\"_ _5\"/>f Arcadis GEN,<span class=\"_ _b\"/> which is not significant (Arca<span class=\"_ _5\"/>dis GEN net revenue o<span class=\"_ _5\"/>f \u20ac16 mil<span class=\"_ _5\"/>lion in 2021),<span class=\"_ _b\"/> therefor<span class=\"_ _5\"/>e no comparative da<span class=\"_ _5\"/>ta is presented.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__110": {
   "value": "SubsidiariesSubsidiaries are all companies over which the Company has control. Control over an entity exists when the Company is exposed to, or has right 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 commences until the date on which control ceases.Loss of controlUpon the loss of control, the assets and liabilities, non-controlling interests and other components of equity related to the subsidiary are derecognized. Any profit or loss arising on the loss of control is recognized in profit or loss. If a non-controlling interest in the subsidiary is retained, such interest is measured at fair value at the date control is lost. Subsequently, it is accounted for as an equity-accounted investee or as an available-for-sale financial asset, depending on the level of influence retained.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__109": {
   "value": "SubsidiariesSubsidiaries are all companies over which the Company has control. Control over an entity exists when the Company is exposed to, or has right 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 commences until the date on which control ceases.Loss of controlUpon the loss of control, the assets and liabilities, non-controlling interests and other components of equity related to the subsidiary are derecognized. Any profit or loss arising on the loss of control is recognized in profit or loss. If a non-controlling interest in the subsidiary is retained, such interest is measured at fair value at the date control is lost. Subsequently, it is accounted for as an equity-accounted investee or as an available-for-sale financial asset, depending on the level of influence retained.Business combinationsThe Company accounts for business combinations using the acquisition method when the acquiredset of activities and assets meets the definition of a business and control is transferred to theCompany. In determining whether a particular set of activities and assets is a business,the Company assesses whether the set of assets and activities acquired includes, at a minimum, aninput and substantive process and whether the acquired set has the ability to produce outputs.IFRS 3 establishes the following principles in relation to the recognition and measurement of items arising in a business combination:\u2022  Recognition principle: Identifiable assets acquired, liabilities assumed, and non-controlling interests in the acquiree are recognized separately from goodwill. Acquired intangible assets must be recognized and measured at fair value in accordance with the principles if it is separable or arises from other contractual rights, irrespective of whether the acquiree had recognized the asset prior to the business combination occurring. The Group does not recognize contingent assets acquired in a business combination.\u2022  Measurement principle: All assets acquired and liabilities assumed in a business combination are measured at acquisition-date fair value. Goodwill at acquisition date is measured as the fair value of the consideration transferred plus the recognized amount of any non-controlling interest in the acquiree less the net recognized amount (fair value) of the identifiable assets acquired and liabilities assumed.Lease liabilities of acquired leases are measured at the present value of the remaining lease payments as if the acquired lease were a new lease at the acquisition date. Right-of-use asset is measured at the same amount as the lease liability, adjusted to reflect favourable or unfavourable terms of the lease when compared with market terms. Right-of-use assets and lease liabilities for leases for which the lease term ends within 12 months of the acquisition date and the underlying asset is of low value are not recognized. The consideration transferred does not include amounts related to the settlement of pre-existing relationships. Such amounts are recognized in profit or loss.Costs related to the acquisition, other than those associated with the issue of debt or equity securities incurred in connection with the business combination, are expensed.Contingent consideration payable is recognized at fair value at the acquisition date. If the contingent consideration is classified as equity, it is not remeasured, and settlement is accounted for within equity. Otherwise, subsequent changes to the fair value of the contingent consideration are recognized in profit or loss.If the Company obtains control of a business that is a joint operation, it remeasures previously held interests in that business.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__107-1": {
   "value": "SubsidiariesSubsidiaries are all companies over which the Company has control. Control over an entity exists when the Company is exposed to, or has right 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 commences until the date on which control ceases.Loss of controlUpon the loss of control, the assets and liabilities, non-controlling interests and other components of equity related to the subsidiary are derecognized. Any profit or loss arising on the loss of control is recognized in profit or loss. If a non-controlling interest in the subsidiary is retained, such interest is measured at fair value at the date control is lost. Subsequently, it is accounted for as an equity-accounted investee or as an available-for-sale financial asset, depending on the level of influence retained.Business combinationsThe Company accounts for business combinations using the acquisition method when the acquiredset of activities and assets meets the definition of a business and control is transferred to theCompany. In determining whether a particular set of activities and assets is a business,the Company assesses whether the set of assets and activities acquired includes, at a minimum, aninput and substantive process and whether the acquired set has the ability to produce outputs.IFRS 3 establishes the following principles in relation to the recognition and measurement of items arising in a business combination:\u2022  Recognition principle: Identifiable assets acquired, liabilities assumed, and non-controlling interests in the acquiree are recognized separately from goodwill. Acquired intangible assets must be recognized and measured at fair value in accordance with the principles if it is separable or arises from other contractual rights, irrespective of whether the acquiree had recognized the asset prior to the business combination occurring. The Group does not recognize contingent assets acquired in a business combination.\u2022  Measurement principle: All assets acquired and liabilities assumed in a business combination are measured at acquisition-date fair value.Lease liabilities of acquired leases are measured at the present value of the remaining lease payments as if the acquired lease were a new lease at the acquisition date. Right-of-use asset is measured at the same amount as the lease liability, adjusted to reflect favourable or unfavourable terms of the lease when compared with market terms. Right-of-use assets and lease liabilities for leases for which the lease term ends within 12 months of the acquisition date and the underlying asset is of low value are not recognized. The consideration transferred does not include amounts related to the settlement of pre-existing relationships. Such amounts are recognized in profit or loss.Costs related to the acquisition, other than those associated with the issue of debt or equity securities incurred in connection with the business combination, are expensed.Contingent consideration payable is recognized at fair value at the acquisition date. If the contingent consideration is classified as equity, it is not remeasured, and settlement is accounted for within equity. Otherwise, subsequent changes to the fair value of the contingent consideration are recognized in profit or loss.If the Company obtains control of a business that is a joint operation, it remeasures previously held interests in that business.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__24": {
   "value": "Arcadis NV<span class=\"_ _5\"/> indirectly<span class=\"_ _5\"/> holds 1<span class=\"_ _5\"/>0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>% of<span class=\"_ _5\"/> the ordinary shares o<span class=\"_ _5\"/>f al<span class=\"_ _5\"/>l these subsidiaries,<span class=\"_ _b\"/> and does not hol<span class=\"_ _5\"/>d direct int<span class=\"_ _b\"/>erests in most o<span class=\"_ _5\"/>f them itsel<span class=\"_ _b\"/>f as a resul<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> the int<span class=\"_ _5\"/>ermediat<span class=\"_ _5\"/>e holding structure <span class=\"_ _5\"/>within the Group.<span class=\"_ _b\"/> All subsidiaries are incl<span class=\"_ _5\"/>uded in the financial consolida<span class=\"_ _b\"/>tion.<span class=\"_ _5\"/> The proportion of <span class=\"_ _5\"/>the vo<span class=\"_ _5\"/>ting rights held dir<span class=\"_ _5\"/>ectly by <span class=\"_ _5\"/>the parent<span class=\"_ _5\"/> company does no<span class=\"_ _5\"/>t substan<span class=\"_ _5\"/>tiall<span class=\"_ _b\"/>y differ fr<span class=\"_ _5\"/>om the proportion of<span class=\"_ _5\"/> ordinary shares held.A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the t<span class=\"_ _5\"/>otal non-contr<span class=\"_ _5\"/>olling int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> amounted <span class=\"_ _5\"/>to \u20ac2.0 million nega<span class=\"_ _b\"/>tive<span class=\"_ _6\"/> (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _5\"/>.1 million nega<span class=\"_ _5\"/>tive) and is as such not<span class=\"_ _5\"/> mat<span class=\"_ _5\"/>erial f<span class=\"_ _5\"/>or the Gr<span class=\"_ _5\"/>oup.The main consolida<span class=\"_ _5\"/>ted companies as a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 2<span class=\"_ _5\"/>022 are list<span class=\"_ _5\"/>ed below:Name of<span class=\"_ _5\"/> subsidiar<span class=\"_ _6\"/>y<span class=\"_ _1cb\"> </span>Country o<span class=\"_ _5\"/>f incorpora<span class=\"_ _5\"/>tionAmericasArcadis US,<span class=\"_ _b\"/> Inc.<span class=\"_ _1a5\"> </span>United S<span class=\"_ _5\"/>tates o<span class=\"_ _5\"/>f AmericaIBI Group US<span class=\"_ _1cc\"> </span>United S<span class=\"_ _5\"/>tates o<span class=\"_ _5\"/>f AmericaIBI Group Pro<span class=\"_ _5\"/>fessional Services (Canada) Inc.<span class=\"_ _5a\"> </span><span class=\"wsac\">Canada</span>IBI Group Ar<span class=\"_ _5\"/>chitects (Canada Inc.)<span class=\"_ _93\"> </span><span class=\"wsac\">Canada</span>Arcadis L<span class=\"_ _5\"/>ogos S.<span class=\"_ _6\"/>A<span class=\"_ _6\"/>.<span class=\"_ _192\"> </span><span class=\"wsac\">Brazil</span>CallisonR<span class=\"_ _5\"/>TKL, Inc.<span class=\"_ _1cd\"> </span>United S<span class=\"_ _5\"/>tates o<span class=\"_ _5\"/>f AmericaEurope &amp; Middle EastArcadis C<span class=\"_ _5\"/>onsulting Middle Eas<span class=\"_ _5\"/>t L<span class=\"_ _5\"/>td.<span class=\"_ _84\"> </span>United KingdomArcadis LLP<span class=\"_ _1ce\"> </span>United KingdomArcadis C<span class=\"_ _5\"/>onsulting (UK) Limited<span class=\"_ _106\"> </span>United KingdomArcadis Nederland B<span class=\"_ _5\"/>V<span class=\"_ _197\"> </span>The NetherlandsArcadis Deutschland GmbH<span class=\"_ _1cf\"> </span><span class=\"wsac\">Germany</span>Arcadis F<span class=\"_ _5\"/>rance S.A<span class=\"_ _6\"/>.S.<span class=\"_ _1d0\"> </span><span class=\"ls10d ws12b\">France</span>Arcadis Belgium NV<span class=\"_ _199\"> </span><span class=\"wsac\">Belgium</span>White R<span class=\"_ _5\"/>ock Insurance (Netherlands) P<span class=\"_ _5\"/>cc Limited <span class=\"_ _1d1\"> </span><span class=\"wsac\">Mal<span class=\"_ _5\"/>ta</span>DPS Engineering Holdings Limited<span class=\"_ _72\"> </span><span class=\"wsac\">Ir<span class=\"_ _5\"/>eland</span>Asia PacificArcadis Asia L<span class=\"_ _5\"/>td.<span class=\"_ _105\"> </span><span class=\"ws1\">Hong Kong</span>Arcadis <span class=\"_ _5\"/>Australia Pacific Holdings Pty L<span class=\"_ _b\"/>td.<span class=\"_ _16d\"> </span><span class=\"wsac\">Australia</span>Changes in consolida<span class=\"_ _5\"/>ted in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>tsBusiness combina<span class=\"_ _5\"/>tions 2022Acquisition o<span class=\"_ _5\"/>f IBI GroupOn 27 Sep<span class=\"_ _5\"/>tember<span class=\"_ _5\"/> 2022,<span class=\"_ _0\"/> the Group ac<span class=\"_ _5\"/>quired 100<span class=\"_ _6\"/>% of<span class=\"_ _5\"/> the v<span class=\"_ _5\"/>oting shares o<span class=\"_ _5\"/>f IBI Group Inc.<span class=\"_ _6\"/>,<span class=\"_ _5\"/> a listed c<span class=\"_ _5\"/>ompany based in Canada.<span class=\"_ _b\"/> IBI Group is a technol<span class=\"_ _5\"/>ogy-driven design <span class=\"_ _5\"/>firm with global archit<span class=\"_ _5\"/>ecture,<span class=\"_ _b\"/> engineering,<span class=\"_ _b\"/> planning<span class=\"_ _6\"/> and t<span class=\"_ _5\"/>echnology expertise.<span class=\"_ _0\"/> This acquisition aims t<span class=\"_ _b\"/>o create a gl<span class=\"_ _5\"/>obal leader<span class=\"_ _5\"/> f<span class=\"_ _5\"/>or planning,<span class=\"_ _b\"/> designing and building the resilient<span class=\"_ _5\"/> cities of <span class=\"_ _5\"/>tomorr<span class=\"_ _5\"/>ow<span class=\"_ _b\"/>. F<span class=\"_ _5\"/>or the thr<span class=\"_ _5\"/>ee months period ended 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> IBI Group contribut<span class=\"_ _5\"/>ed gross re<span class=\"_ _5\"/>venue of \u20ac1<span class=\"_ _b\"/>1<span class=\"_ _5\"/>4.5 million and \u20ac2.1 million t<span class=\"_ _b\"/>o loss befor<span class=\"_ _5\"/>e income tax.<span class=\"_ _5\"/> If the a<span class=\"_ _5\"/>cquisition had occurr<span class=\"_ _5\"/>ed on 1 January 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> management<span class=\"_ _5\"/> estimat<span class=\"_ _5\"/>es tha<span class=\"_ _5\"/>t consolida<span class=\"_ _5\"/>ted gr<span class=\"_ _5\"/>oss revenue <span class=\"_ _5\"/>would ha<span class=\"_ _5\"/>ve been \u20ac4<span class=\"_ _6\"/>44<span class=\"_ _6\"/>.8 million,<span class=\"_ _b\"/> and consolidat<span class=\"_ _b\"/>ed<span class=\"_ _6\"/> loss bef<span class=\"_ _5\"/>ore income tax <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the year<span class=\"_ _5\"/> would ha<span class=\"_ _b\"/>ve been \u20ac7<span class=\"_ _b\"/>.1 million (ex<span class=\"_ _5\"/>cluding amortization of<span class=\"_ _5\"/> purchase price all<span class=\"_ _5\"/>ocation it<span class=\"_ _5\"/>ems).<span class=\"_ _5\"/> Assets acquir<span class=\"_ _5\"/>ed and liabilities assumed The fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lues of<span class=\"_ _5\"/> the identifiable assets and liabilities o<span class=\"_ _b\"/>f IBI Group Inc.<span class=\"_ _5\"/> as at<span class=\"_ _5\"/> the dat<span class=\"_ _b\"/>e of ac<span class=\"_ _5\"/>quisition were:In \u20ac thousands<span class=\"_ _1d2\"> </span>Fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue recognised on acquisitionAssetsIntangible assets (No<span class=\"_ _5\"/>te 1<span class=\"_ _5\"/>4)<span class=\"_ _1d3\"> </span><span class=\"ls6f ws13a\"> 55,4<span class=\"_ _6\"/>52<span class=\"_ _6\"/> </span>Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipment<span class=\"_ _5\"/> (Not<span class=\"_ _5\"/>e 15)<span class=\"_ _1d4\"> </span><span class=\"lsef ws11c\"> 16<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>27<span class=\"_ _6\"/> </span>Right-of<span class=\"_ _5\"/>-use assets (Not<span class=\"_ _5\"/>e 16)<span class=\"_ _1d5\"> </span><span class=\"ls102 ws11a\"> 45<span class=\"_ _6\"/>,<span class=\"_ _6\"/>197<span class=\"_ _6\"/> </span>Other inv<span class=\"_ _5\"/>estments (Not<span class=\"_ _5\"/>e 18)<span class=\"_ _1d6\"> </span><span class=\"lsef ws11c\"> 1,6<span class=\"_ _6\"/>0<span class=\"_ _6\"/>3<span class=\"_ _6\"/> </span>Other non-current<span class=\"_ _5\"/> assets (Not<span class=\"_ _5\"/>e 20)<span class=\"_ _1d7\"> </span><span class=\"lsf9 ws178\"> 4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>7<span class=\"_ _6\"/> </span>T<span class=\"_ _b\"/>rade receivables (No<span class=\"_ _5\"/>te 2<span class=\"_ _5\"/>1)<span class=\"_ _1d8\"> </span><span class=\"ls10e ws111\"> 116<span class=\"_ _7\"/>,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>9<span class=\"_ _7\"/>4<span class=\"_ _7\"/> </span>Contr<span class=\"_ _5\"/>act assets (unbilled r<span class=\"_ _5\"/>eceivables) (No<span class=\"_ _5\"/>te 22)<span class=\"_ _1d9\"> </span><span class=\"lsfb ws134\"> 5<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>14<span class=\"_ _6\"/> </span>Corpora<span class=\"_ _5\"/>te tax r<span class=\"_ _5\"/>eceivables (No<span class=\"_ _5\"/>te 24<span class=\"_ _5\"/>)<span class=\"_ _1da\"> </span> 4,8<span class=\"_ _6\"/>80<span class=\"_ _6\"/> Other curren<span class=\"_ _5\"/>t assets (Not<span class=\"_ _5\"/>e 24)<span class=\"_ _1db\"> </span><span class=\"ls102 ws11a\"> 19,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>9<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span>Cash and cash equivalen<span class=\"_ _5\"/>ts (Note 25)<span class=\"_ _1dc\"> </span><span class=\"ls3e ws132\"> 26,<span class=\"_ _6\"/>826 </span>34<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,919LiabilitiesDeferr<span class=\"_ _5\"/>ed tax liabilities (Not<span class=\"_ _5\"/>e 1<span class=\"_ _5\"/>2)<span class=\"_ _1dd\"> </span> (10,07<span class=\"_ _5\"/>0) Loans and borro<span class=\"_ _5\"/>wings (Note 30)<span class=\"_ _1a9\"> </span> (51<span class=\"_ _5\"/>,770) Lease liabilities (No<span class=\"_ _5\"/>te 16)<span class=\"_ _1de\"> </span><span class=\"wsac\">(46<span class=\"_ _6\"/>,693) </span>Contr<span class=\"_ _5\"/>act liabilities (billing in ex<span class=\"_ _5\"/>cess of r<span class=\"_ _5\"/>evenue) (Not<span class=\"_ _5\"/>e 22)<span class=\"_ _14a\"> </span> (56<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>07) Corpora<span class=\"_ _5\"/>te tax liabilities (No<span class=\"_ _5\"/>te 1<span class=\"_ _b\"/>2)<span class=\"_ _1dd\"> </span> (1,683) Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _5\"/>,<span class=\"_ _5\"/> accrued expenses and o<span class=\"_ _5\"/>ther current<span class=\"_ _5\"/> liabilities (Note 3<span class=\"_ _5\"/>1)<span class=\"_ _1df\"> </span> (73,96<span class=\"_ _6\"/>4) Bank ov<span class=\"_ _5\"/>erdrafts (Not<span class=\"_ _5\"/>e 25)<span class=\"_ _1e0\"> </span> (5,607)<span class=\"_ _6\"/>  (245,794)<span class=\"_ _6\"/> T<span class=\"_ _b\"/>otal identifiable net<span class=\"_ _5\"/> assets at<span class=\"_ _5\"/> fair <span class=\"_ _5\"/>value<span class=\"_ _17f\"> </span><span class=\"ls3 ws137\"> 1<span class=\"_ _5\"/>00,12<span class=\"_ _5\"/>5 </span>Goodwill arising on acquisition (No<span class=\"_ _5\"/>te 1<span class=\"_ _5\"/>4)<span class=\"_ _1a2\"> </span><span class=\"ls12d ws116\"> 47<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>76<span class=\"_ _6\"/>0<span class=\"_ _6\"/> </span>Cash settlement<span class=\"_ _5\"/> of unr<span class=\"_ _5\"/>eplaced aw<span class=\"_ _5\"/>ards<span class=\"_ _1ba\"> </span> (15,770) Cash consideration tr<span class=\"_ _5\"/>ansferred <span class=\"_ _1e1\"> </span>(557<span class=\"_ _b\"/>,11<span class=\"_ _b\"/>5<span class=\"_ _6\"/>)The goodwill is a<span class=\"_ _5\"/>ttributable t<span class=\"_ _5\"/>o the w<span class=\"_ _5\"/>orkforce and <span class=\"_ _5\"/>the synergies with <span class=\"_ _5\"/>the acquired business.<span class=\"_ _0\"/> It has been all<span class=\"_ _5\"/>ocat<span class=\"_ _5\"/>ed to <span class=\"_ _5\"/>the CGUs tha<span class=\"_ _5\"/>t the group uses <span class=\"_ _5\"/>for<span class=\"_ _5\"/> impairment t<span class=\"_ _b\"/>esting of goodwil<span class=\"_ _5\"/>l: Places,<span class=\"_ _b\"/> Mobility<span class=\"_ _b\"/>,<span class=\"_ _5\"/> Resilience<span class=\"_ _5\"/>,<span class=\"_ _5\"/> and Int<span class=\"_ _5\"/>elligence.<span class=\"_ _0\"/> It will no<span class=\"_ _5\"/>t be deductible f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>tax purposes.<span class=\"_ _5\"/>    Cash settlemen<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> unreplaced a<span class=\"_ _5\"/>wardsIn acc<span class=\"_ _5\"/>ordance with <span class=\"_ _5\"/>the t<span class=\"_ _5\"/>erms of <span class=\"_ _5\"/>the acquisition agr<span class=\"_ _5\"/>eement,<span class=\"_ _b\"/> the Group has settl<span class=\"_ _5\"/>ed in cash the share-based paymen<span class=\"_ _5\"/>t aw<span class=\"_ _5\"/>ards held by<span class=\"_ _5\"/> employees o<span class=\"_ _b\"/>f IBI Group.<span class=\"_ _b\"/> These unrepla<span class=\"_ _5\"/>ced aw<span class=\"_ _5\"/>ards are consider<span class=\"_ _5\"/>ed wholl<span class=\"_ _5\"/>y <span class=\"_ _5\"/>vested a<span class=\"_ _b\"/>t the dat<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> transaction.<span class=\"_ _b\"/> Fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lues measurement<span class=\"_ _5\"/> and provisional purchased a<span class=\"_ _5\"/>ccountingA pro<span class=\"_ _5\"/>visional measurement<span class=\"_ _5\"/> of<span class=\"_ _5\"/> backlog f<span class=\"_ _5\"/>or an amount<span class=\"_ _5\"/> \u20ac40.0 million has been recognized <span class=\"_ _5\"/>within <span class=\"_ _5\"/>\u201cOther intangible asse<span class=\"_ _5\"/>ts\" using the Mul<span class=\"_ _5\"/>tiperiod Excess Earnings Me<span class=\"_ _5\"/>thod (MEEM).<span class=\"_ _5\"/> The Group sought<span class=\"_ _5\"/> an independent <span class=\"_ _5\"/>valua<span class=\"_ _5\"/>tion f<span class=\"_ _5\"/>or IBI Group<span class=\"_ _5\"/>\u2019s o<span class=\"_ _5\"/>ther intangible asse<span class=\"_ _5\"/>ts (mostl<span class=\"_ _5\"/>y t<span class=\"_ _5\"/>echnology<span class=\"_ _5\"/>-rela<span class=\"_ _5\"/>ted assets,<span class=\"_ _0\"/> and customer r<span class=\"_ _5\"/>elationships) tha<span class=\"_ _5\"/>t <span class=\"_ _5\"/>will be performed in 2023.<span class=\"_ _b\"/> The fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> the tr<span class=\"_ _5\"/>ade receiv<span class=\"_ _5\"/>ables amounts t<span class=\"_ _5\"/>o \u20ac1<span class=\"_ _b\"/>16.9 million.<span class=\"_ _0\"/> The gross amount o<span class=\"_ _b\"/>f trade r<span class=\"_ _5\"/>eceivables is \u20ac1<span class=\"_ _b\"/>20.7 million,<span class=\"_ _5\"/> of<span class=\"_ _5\"/> which \u20ac3.8 million <span class=\"_ _5\"/>was expected <span class=\"_ _5\"/>to be uncol<span class=\"_ _5\"/>lectable at<span class=\"_ _5\"/> the da<span class=\"_ _5\"/>te of<span class=\"_ _5\"/> acquisition.<span class=\"_ _b\"/> The Group measured <span class=\"_ _5\"/>the acquired l<span class=\"_ _5\"/>ease liabilities using the present<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> the remaining lease pa<span class=\"_ _b\"/>yments at the dat<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> acquisition.<span class=\"_ _b\"/> The right<span class=\"_ _5\"/>-of-use assets <span class=\"_ _5\"/>were measured a<span class=\"_ _b\"/>t an amount equal <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the lease liabilities and adjust<span class=\"_ _5\"/>ed to reflect<span class=\"_ _5\"/> the fav<span class=\"_ _5\"/>ourable t<span class=\"_ _5\"/>erms <span class=\"_ _6\"/>of<span class=\"_ _5\"/> the lease relative t<span class=\"_ _5\"/>o market<span class=\"_ _5\"/> terms.<span class=\"_ _b\"/> The right-of-use assets and lease liabilities ha<span class=\"_ _5\"/>ve been measured pro<span class=\"_ _5\"/>visionall<span class=\"_ _5\"/>y and the Gr<span class=\"_ _5\"/>oup will c<span class=\"_ _5\"/>omplete <span class=\"_ _5\"/>the assessment during <span class=\"_ _5\"/>the measurement<span class=\"_ _5\"/> period.The Group has conduct<span class=\"_ _5\"/>ed a preliminary assessment o<span class=\"_ _5\"/>f the po<span class=\"_ _5\"/>ten<span class=\"_ _5\"/>tial contingen<span class=\"_ _5\"/>t liabilities,<span class=\"_ _b\"/> including litigations and will c<span class=\"_ _5\"/>ontinue t<span class=\"_ _5\"/>o review<span class=\"_ _5\"/> these ma<span class=\"_ _5\"/>tters during the measur<span class=\"_ _5\"/>ement period.The net asse<span class=\"_ _5\"/>ts recognized a<span class=\"_ _5\"/>t closing da<span class=\"_ _b\"/>te wer<span class=\"_ _5\"/>e based on a provisional assessmen<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> their <span class=\"_ _5\"/>fair <span class=\"_ _5\"/>value<span class=\"_ _5\"/>,<span class=\"_ _b\"/> and the Group has one y<span class=\"_ _5\"/>ear fr<span class=\"_ _5\"/>om the acquisition da<span class=\"_ _5\"/>te <span class=\"_ _5\"/>to re<span class=\"_ _5\"/>vise preliminary assessed fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ues of<span class=\"_ _5\"/> assets and liabilities.Purchase consider<span class=\"_ _5\"/>ation <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> cash outflowCash flow on In \u20ac thousandsacquisitionOutflow o<span class=\"_ _5\"/>f cash t<span class=\"_ _5\"/>o acquire subsidiary<span class=\"_ _b\"/>, net<span class=\"_ _5\"/> of cash a<span class=\"_ _5\"/>cquiredCash considera<span class=\"_ _5\"/>tion<span class=\"_ _1e2\"> </span> (557<span class=\"_ _b\"/>,11<span class=\"_ _b\"/>5<span class=\"_ _6\"/>) Cash settlement<span class=\"_ _5\"/> of unr<span class=\"_ _5\"/>eplaced aw<span class=\"_ _5\"/>ards<span class=\"_ _1c7\"> </span> (15,770) Balances ac<span class=\"_ _5\"/>quiredCash and cash equivalen<span class=\"_ _5\"/>ts<span class=\"_ _1e3\"> </span><span class=\"ls3e ws132\"> 26,<span class=\"_ _6\"/>826 </span>Overdraf<span class=\"_ _6\"/>ts<span class=\"_ _1e4\"> </span><span class=\"ls9d ws1\"> (5,607)<span class=\"_ _6\"/> </span> 21,219<span class=\"_ _6\"/> Net outflo<span class=\"_ _5\"/>w of cash <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> investing a<span class=\"_ _5\"/>ctivities<span class=\"_ _184\"> </span><span class=\"wsac\">(551,666<span class=\"_ _6\"/>) </span>Acquisition-rela<span class=\"_ _5\"/>ted cos<span class=\"_ _5\"/>tsThe Group incurred a<span class=\"_ _5\"/>cquisition-rela<span class=\"_ _5\"/>ted cos<span class=\"_ _5\"/>ts of \u20ac9<span class=\"_ _5\"/>.7 million on legal <span class=\"_ _5\"/>fees,<span class=\"_ _b\"/> success <span class=\"_ _5\"/>fees and due diligence costs.<span class=\"_ _0\"/> These costs ha<span class=\"_ _5\"/>ve been included in <span class=\"_ _b\"/>\u201cOther opera<span class=\"_ _5\"/>tional cos<span class=\"_ _5\"/>ts\u201d<span class=\"_ _b\"/> in the consolida<span class=\"_ _5\"/>ted income s<span class=\"_ _5\"/>tatemen<span class=\"_ _5\"/>t.<span class=\"_ _5\"/> Acquisition o<span class=\"_ _5\"/>f DPS GroupOn 1 December 2<span class=\"_ _5\"/>022,<span class=\"_ _b\"/> the Group a<span class=\"_ _5\"/>cquired 1<span class=\"_ _5\"/>0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>% of<span class=\"_ _5\"/> the v<span class=\"_ _5\"/>oting shares o<span class=\"_ _5\"/>f DPS Engineering Holdings Limit<span class=\"_ _5\"/>ed,<span class=\"_ _b\"/> a non-list<span class=\"_ _5\"/>ed company based in Ir<span class=\"_ _5\"/>eland.<span class=\"_ _b\"/> DPS Group is a provider o<span class=\"_ _5\"/>f project services <span class=\"_ _5\"/>to globa<span class=\"_ _5\"/>l leading clients in pharmaceutica<span class=\"_ _5\"/>l,<span class=\"_ _5\"/> biot<span class=\"_ _5\"/>echnology<span class=\"_ _b\"/>,<span class=\"_ _5\"/> novel <span class=\"_ _5\"/>therapy<span class=\"_ _b\"/>,<span class=\"_ _b\"/> medical technol<span class=\"_ _5\"/>ogies and semiconductor manuf<span class=\"_ _5\"/>acturing.<span class=\"_ _b\"/> This acquisition aims <span class=\"_ _5\"/>to achie<span class=\"_ _5\"/>ve a global position in pharma<span class=\"_ _5\"/>ceutical and semiconduct<span class=\"_ _5\"/>or manufacturing mark<span class=\"_ _5\"/>ets and crea<span class=\"_ _5\"/>te a further enhanced and in<span class=\"_ _5\"/>tegra<span class=\"_ _b\"/>ted full<span class=\"_ _b\"/>-ser<span class=\"_ _6\"/>vice offering.<span class=\"_ _0\"/> F<span class=\"_ _5\"/>or the one-month period ended 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> DPS Group contribut<span class=\"_ _5\"/>ed gross re<span class=\"_ _5\"/>venue of<span class=\"_ _5\"/> \u20ac59.0 mil<span class=\"_ _5\"/>lion and \u20ac2.8 million <span class=\"_ _5\"/>to pro<span class=\"_ _5\"/>fit bef<span class=\"_ _5\"/>ore income tax.<span class=\"_ _b\"/> If the ac<span class=\"_ _5\"/>quisition had occurred on 1 <span class=\"_ _b\"/>Januar<span class=\"_ _6\"/>y 2022<span class=\"_ _5\"/>,<span class=\"_ _5\"/> management<span class=\"_ _5\"/> estima<span class=\"_ _5\"/>tes tha<span class=\"_ _5\"/>t consolida<span class=\"_ _b\"/>ted gross rev<span class=\"_ _5\"/>enue woul<span class=\"_ _5\"/>d have been \u20ac67<span class=\"_ _5\"/>5 million,<span class=\"_ _b\"/> and consolidat<span class=\"_ _b\"/>ed profit bef<span class=\"_ _5\"/>ore income tax f<span class=\"_ _5\"/>or the year<span class=\"_ _5\"/> would have been \u20ac1<span class=\"_ _b\"/>7<span class=\"_ _b\"/>.2 <span class=\"_ _6\"/>million.<span class=\"_ _b\"/> Assets acquir<span class=\"_ _5\"/>ed and liabilities assumed The fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lues of<span class=\"_ _5\"/> the identifiable assets and liabilities o<span class=\"_ _b\"/>f DPS Group as at<span class=\"_ _5\"/> the dat<span class=\"_ _b\"/>e of ac<span class=\"_ _5\"/>quisition were:In \u20ac thousands<span class=\"_ _1d2\"> </span>Fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue recognised on acquisitionAssetsProperty<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipment<span class=\"_ _5\"/> (Not<span class=\"_ _5\"/>e 15)<span class=\"_ _1e5\"> </span><span class=\"ls10e ws111\"> 11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>2<span class=\"_ _7\"/>2<span class=\"_ _7\"/> </span>Right-of<span class=\"_ _5\"/>-use assets (Not<span class=\"_ _5\"/>e 16)<span class=\"_ _1e6\"> </span> 23,8<span class=\"_ _6\"/>04<span class=\"_ _6\"/> Deferr<span class=\"_ _5\"/>ed tax assets (No<span class=\"_ _5\"/>te 1<span class=\"_ _5\"/>2)<span class=\"_ _1e7\"> </span> 8,69<span class=\"_ _6\"/>4 Invent<span class=\"_ _5\"/>ories<span class=\"_ _1e8\"> </span><span class=\"lsec ws112\"> 10 </span>T<span class=\"_ _b\"/>rade receivables (No<span class=\"_ _5\"/>te 2<span class=\"_ _5\"/>1)<span class=\"_ _6a\"> </span> 1<span class=\"_ _5\"/>37<span class=\"_ _b\"/>,252 Contr<span class=\"_ _5\"/>act assets (unbilled r<span class=\"_ _5\"/>eceivables) (No<span class=\"_ _5\"/>te 22)<span class=\"_ _1d9\"> </span><span class=\"lsfc ws11b\"> 5<span class=\"_ _6\"/>9,<span class=\"_ _6\"/>531<span class=\"_ _6\"/> </span>Corpora<span class=\"_ _5\"/>te tax r<span class=\"_ _5\"/>eceivables (No<span class=\"_ _5\"/>te 24<span class=\"_ _5\"/>)<span class=\"_ _1dd\"> </span><span class=\"ls3 ws137\"> 34<span class=\"_ _6\"/>4 </span>Other curren<span class=\"_ _5\"/>t assets (Not<span class=\"_ _5\"/>e 24)<span class=\"_ _1e6\"> </span><span class=\"ls119 ws17c\"> 6,503 </span>Assets classified as held for<span class=\"_ _5\"/> sale (No<span class=\"_ _5\"/>te 23)<span class=\"_ _1ba\"> </span> 1,825 Cash and cash equivalen<span class=\"_ _5\"/>ts (Note 25)<span class=\"_ _1e9\"> </span><span class=\"lsed ws163\"> 2<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>0<span class=\"_ _7\"> </span>0<span class=\"_ _7\"/>7<span class=\"_ _7\"/> </span>275,992LiabilitiesDeferr<span class=\"_ _5\"/>ed tax liabilities (Not<span class=\"_ _5\"/>e 1<span class=\"_ _5\"/>2)<span class=\"_ _1ea\"> </span> (5,561<span class=\"_ _5\"/>) Loans and borro<span class=\"_ _5\"/>wings (Note 30)<span class=\"_ _1eb\"> </span> (9,045)<span class=\"_ _6\"/> Lease liabilities (No<span class=\"_ _5\"/>te 16)<span class=\"_ _1e3\"> </span> (25,4<span class=\"_ _6\"/>61<span class=\"_ _5\"/>) Contr<span class=\"_ _5\"/>act liabilities (billing in ex<span class=\"_ _5\"/>cess of r<span class=\"_ _5\"/>evenue) (Not<span class=\"_ _5\"/>e 22)<span class=\"_ _113\"> </span><span class=\"ls2 ws14a\"> (235)<span class=\"_ _6\"/> </span>Corpora<span class=\"_ _5\"/>te tax liabilities (No<span class=\"_ _5\"/>te 1<span class=\"_ _b\"/>2)<span class=\"_ _1dd\"> </span> (1,878) Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _5\"/>,<span class=\"_ _5\"/> accrued expenses and o<span class=\"_ _5\"/>ther current<span class=\"_ _5\"/> liabilities (Note 3<span class=\"_ _5\"/>1)<span class=\"_ _92\"> </span> (144<span class=\"_ _6\"/>,395) Bank ov<span class=\"_ _5\"/>erdrafts (Not<span class=\"_ _5\"/>e 25)<span class=\"_ _1ec\"> </span> (31<span class=\"_ _5\"/>,193<span class=\"_ _5\"/>)  (21<span class=\"_ _b\"/>7,7<span class=\"_ _5\"/>68)<span class=\"_ _6\"/> T<span class=\"_ _b\"/>otal identifiable net<span class=\"_ _5\"/> assets at<span class=\"_ _5\"/> fair <span class=\"_ _5\"/>value<span class=\"_ _1ed\"> </span><span class=\"lsf6 ws10f\"> 58<span class=\"_ _6\"/>,224 </span>Goodwill arising on acquisition (No<span class=\"_ _5\"/>te 1<span class=\"_ _5\"/>4)<span class=\"_ _1a2\"> </span><span class=\"lsf5 ws117\"> 17<span class=\"_ _6\"/>0<span class=\"_ _7\"/>,9<span class=\"_ _7\"/>6<span class=\"_ _6\"/>3<span class=\"_ _7\"/> </span>Cash consideration tr<span class=\"_ _5\"/>ansferred<span class=\"_ _1e1\"> </span><span class=\"wsac\">(22<span class=\"_ _6\"/>9,187)</span>The goodwill is a<span class=\"_ _5\"/>ttributable t<span class=\"_ _5\"/>o the w<span class=\"_ _5\"/>orkforce and <span class=\"_ _5\"/>the synergies with <span class=\"_ _5\"/>the acquired business.<span class=\"_ _0\"/> It has been all<span class=\"_ _5\"/>ocat<span class=\"_ _5\"/>ed entirel<span class=\"_ _5\"/>y t<span class=\"_ _b\"/>o the CGU Places.<span class=\"_ _b\"/> It wil<span class=\"_ _5\"/>l not be deductible <span class=\"_ _5\"/>for<span class=\"_ _5\"/> tax purposes.<span class=\"_ _b\"/>  Contingen<span class=\"_ _5\"/>t considera<span class=\"_ _5\"/>tion The Group has agr<span class=\"_ _5\"/>eed to pa<span class=\"_ _5\"/>y <span class=\"_ _5\"/>the selling shareholders in <span class=\"_ _5\"/>two years<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> time an additional consider<span class=\"_ _5\"/>ation o<span class=\"_ _5\"/>f \u20ac2.1<span class=\"_ _b\"/>m. As per the anal<span class=\"_ _b\"/>ysis of<span class=\"_ _5\"/> the contr<span class=\"_ _5\"/>actual disposition of<span class=\"_ _5\"/> this additional c<span class=\"_ _5\"/>onsideration,<span class=\"_ _0\"/> that<span class=\"_ _5\"/> comprises a continuous employmen<span class=\"_ _5\"/>t clause,<span class=\"_ _b\"/> this part o<span class=\"_ _5\"/>f the consider<span class=\"_ _5\"/>ation has been consider<span class=\"_ _5\"/>ed as remunera<span class=\"_ _5\"/>tion.<span class=\"_ _b\"/> It will be al<span class=\"_ _5\"/>locat<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o the consolida<span class=\"_ _5\"/>ted income s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ement within a period o<span class=\"_ _b\"/>f 24 months and incl<span class=\"_ _5\"/>uded in personnel costs.<span class=\"_ _b\"/> Over <span class=\"_ _5\"/>this period,<span class=\"_ _b\"/> if an employ<span class=\"_ _5\"/>ee is leaving,<span class=\"_ _0\"/> the corresponding individual indemnity<span class=\"_ _5\"/> will be paid back<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o the Group.<span class=\"_ _b\"/> Measurement<span class=\"_ _5\"/> of fair<span class=\"_ _5\"/> valuesThe tra<span class=\"_ _5\"/>de receivabl<span class=\"_ _5\"/>es comprise gross con<span class=\"_ _5\"/>tractual amounts due o<span class=\"_ _5\"/>f \u20ac1<span class=\"_ _b\"/>37<span class=\"_ _0\"/>.3 million,<span class=\"_ _b\"/> of <span class=\"_ _5\"/>which none was expect<span class=\"_ _5\"/>ed to be unc<span class=\"_ _5\"/>ollectable a<span class=\"_ _5\"/>t the da<span class=\"_ _5\"/>te o<span class=\"_ _5\"/>f ac<span class=\"_ _5\"/>quisition.<span class=\"_ _5\"/> Fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lues measurement<span class=\"_ _5\"/> and provisional purchased a<span class=\"_ _5\"/>ccountingThe Group sought<span class=\"_ _5\"/> an independent <span class=\"_ _5\"/>valua<span class=\"_ _5\"/>tion f<span class=\"_ _5\"/>or DPS Group<span class=\"_ _5\"/>\u2019s intangibl<span class=\"_ _5\"/>e assets (int<span class=\"_ _5\"/>ernall<span class=\"_ _5\"/>y dev<span class=\"_ _5\"/>eloped technol<span class=\"_ _5\"/>ogy<span class=\"_ _5\"/>,<span class=\"_ _b\"/> customer<span class=\"_ _5\"/> relationships,<span class=\"_ _0\"/> backlog) tha<span class=\"_ _5\"/>t will be performed in 2<span class=\"_ _5\"/>023.The right-o<span class=\"_ _5\"/>f-use assets and lease liabilities ha<span class=\"_ _5\"/>ve been measured pr<span class=\"_ _5\"/>ovisionall<span class=\"_ _b\"/>y and the Group <span class=\"_ _5\"/>will comple<span class=\"_ _5\"/>te the assessment (incl<span class=\"_ _5\"/>uding extension and <span class=\"_ _5\"/>termina<span class=\"_ _5\"/>tion options) during <span class=\"_ _5\"/>the measurement period.The Group has conduct<span class=\"_ _5\"/>ed a preliminary assessment o<span class=\"_ _5\"/>f the po<span class=\"_ _5\"/>ten<span class=\"_ _5\"/>tial contingen<span class=\"_ _5\"/>t liabilities,<span class=\"_ _b\"/> including litigation and will c<span class=\"_ _5\"/>ontinue t<span class=\"_ _5\"/>o review<span class=\"_ _5\"/> these ma<span class=\"_ _5\"/>tters during the measur<span class=\"_ _5\"/>ement period.The net asse<span class=\"_ _5\"/>ts recognized a<span class=\"_ _5\"/>t closing da<span class=\"_ _b\"/>te wer<span class=\"_ _5\"/>e based on a provisional assessmen<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> their <span class=\"_ _5\"/>fair <span class=\"_ _5\"/>value<span class=\"_ _5\"/>,<span class=\"_ _b\"/> and the Group has one y<span class=\"_ _5\"/>ear fr<span class=\"_ _5\"/>om the acquisition da<span class=\"_ _5\"/>te <span class=\"_ _5\"/>to perform <span class=\"_ _5\"/>the fair <span class=\"_ _5\"/>values assessmen<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f assets and liabilities.Cash flow on In \u20ac thousandsacquisitionOutflow o<span class=\"_ _5\"/>f cash t<span class=\"_ _5\"/>o acquire subsidiary<span class=\"_ _b\"/>, net<span class=\"_ _5\"/> of cash a<span class=\"_ _5\"/>cquiredCash considera<span class=\"_ _5\"/>tion<span class=\"_ _1ee\"> </span> (229,187) Balances ac<span class=\"_ _5\"/>quiredCash and cash equivalen<span class=\"_ _5\"/>ts<span class=\"_ _1ef\"> </span><span class=\"lsed ws163\"> 2<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>0<span class=\"_ _7\"> </span>0<span class=\"_ _7\"/>7<span class=\"_ _7\"/> </span>Overdraf<span class=\"_ _6\"/>ts<span class=\"_ _1f0\"> </span><span class=\"ls9d ws1\"> (31<span class=\"_ _5\"/>,193<span class=\"_ _5\"/>) </span> (4,186<span class=\"_ _6\"/>) Net outflo<span class=\"_ _5\"/>w of cash <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> investing a<span class=\"_ _5\"/>ctivities<span class=\"_ _1f1\"> </span> (233,373) Acquisition-rela<span class=\"_ _5\"/>ted cos<span class=\"_ _5\"/>tsThe Group incurred a<span class=\"_ _5\"/>cquisition-rela<span class=\"_ _5\"/>ted cos<span class=\"_ _5\"/>ts of \u20ac5.4 mil<span class=\"_ _5\"/>lion on legal f<span class=\"_ _5\"/>ees and due diligence cos<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> These costs ha<span class=\"_ _5\"/>ve been included in <span class=\"_ _0\"/>\u201cOther operationa<span class=\"_ _5\"/>l costs\u201d<span class=\"_ _0\"/> in the consolidat<span class=\"_ _b\"/>ed income stat<span class=\"_ _5\"/>ement.<span class=\"_ _b\"/> Acquisition o<span class=\"_ _5\"/>f W<span class=\"_ _b\"/>at<span class=\"_ _5\"/>er Pla<span class=\"_ _5\"/>tform Compan<span class=\"_ _5\"/>y (f<span class=\"_ _5\"/>ormerly<span class=\"_ _5\"/> HydroLogic R<span class=\"_ _5\"/>esearch B.<span class=\"_ _0\"/>V<span class=\"_ _5\"/>.)In F<span class=\"_ _5\"/>ebruar<span class=\"_ _6\"/>y 202<span class=\"_ _5\"/>2,<span class=\"_ _b\"/> Arcadis ac<span class=\"_ _5\"/>quired 70% o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>voting shar<span class=\"_ _5\"/>es in W<span class=\"_ _b\"/>at<span class=\"_ _5\"/>er Platf<span class=\"_ _5\"/>orm Company<span class=\"_ _0\"/>,<span class=\"_ _5\"/> a non-listed Dut<span class=\"_ _5\"/>ch based softwar<span class=\"_ _5\"/>e company <span class=\"_ _5\"/>that<span class=\"_ _5\"/> owns HydroNET<span class=\"_ _0\"/>.<span class=\"_ _b\"/> HydroNET is a pla<span class=\"_ _5\"/>tform de<span class=\"_ _5\"/>veloped by<span class=\"_ _5\"/> HydroLogic aimed a<span class=\"_ _b\"/>t supporting customers with in<span class=\"_ _5\"/>telligen<span class=\"_ _5\"/>t w<span class=\"_ _5\"/>at<span class=\"_ _5\"/>er services and digital capabilities.<span class=\"_ _b\"/> Arcadis <span class=\"_ _5\"/>will use its worl<span class=\"_ _5\"/>dwide network<span class=\"_ _5\"/> to de<span class=\"_ _5\"/>velop and ac<span class=\"_ _5\"/>celera<span class=\"_ _b\"/>te the int<span class=\"_ _5\"/>ernationa<span class=\"_ _5\"/>l roll<span class=\"_ _5\"/>-out of<span class=\"_ _5\"/> the HydroNET<span class=\"_ _5\"/> platf<span class=\"_ _5\"/>orm.The considera<span class=\"_ _5\"/>tion f<span class=\"_ _5\"/>or W<span class=\"_ _0\"/>ater<span class=\"_ _5\"/> Platf<span class=\"_ _5\"/>orm Company business c<span class=\"_ _5\"/>ombination amount<span class=\"_ _b\"/>ed to \u20ac3.5 million,<span class=\"_ _0\"/> including a contingen<span class=\"_ _5\"/>t considera<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> \u20ac0.8 million,<span class=\"_ _b\"/> whose \u20ac0.3 million has been paid in 202<span class=\"_ _5\"/>2 after <span class=\"_ _5\"/>the acquisition da<span class=\"_ _5\"/>te.<span class=\"_ _0\"/> The net iden<span class=\"_ _5\"/>tifiable assets acquir<span class=\"_ _5\"/>ed amounted <span class=\"_ _5\"/>to \u20ac0.1 million and <span class=\"_ _5\"/>the goodwill amount<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o \u20ac3.4 million.<span class=\"_ _5\"/> The goodwill is al<span class=\"_ _5\"/>locat<span class=\"_ _5\"/>ed entirel<span class=\"_ _b\"/>y to <span class=\"_ _5\"/>the CGU Int<span class=\"_ _5\"/>elligence.<span class=\"_ _0\"/> The acquisition ac<span class=\"_ _5\"/>counting is compl<span class=\"_ _5\"/>eted.<span class=\"_ _b\"/> Due t<span class=\"_ _5\"/>o the rela<span class=\"_ _5\"/>tivel<span class=\"_ _5\"/>y limit<span class=\"_ _5\"/>ed size of<span class=\"_ _5\"/> W<span class=\"_ _b\"/>at<span class=\"_ _5\"/>er Platf<span class=\"_ _5\"/>orm Company<span class=\"_ _0\"/>,<span class=\"_ _5\"/> no further disclosures ar<span class=\"_ _5\"/>e provided.Acquisition o<span class=\"_ _5\"/>f Giftge Consul<span class=\"_ _b\"/>tIn Sept<span class=\"_ _5\"/>ember 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> Arcadis a<span class=\"_ _5\"/>cquired 1<span class=\"_ _5\"/>0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>% of<span class=\"_ _5\"/> the v<span class=\"_ _5\"/>oting shares in Gift<span class=\"_ _5\"/>ge Consul<span class=\"_ _5\"/>t,<span class=\"_ _b\"/> a non-listed company based in Germany<span class=\"_ _b\"/>.<span class=\"_ _b\"/> Gif<span class=\"_ _6\"/>tge C<span class=\"_ _5\"/>onsult<span class=\"_ _5\"/> is a leading consul<span class=\"_ _b\"/>ting and engineering company <span class=\"_ _5\"/>for ener<span class=\"_ _5\"/>gy tr<span class=\"_ _5\"/>ansition<span class=\"_ _6\"/> solutions in Germany<span class=\"_ _0\"/>.<span class=\"_ _5\"/> Arcadis <span class=\"_ _5\"/>will str<span class=\"_ _5\"/>engthen its position in the attr<span class=\"_ _5\"/>active and high growth energy<span class=\"_ _5\"/> transition sector<span class=\"_ _0\"/>,<span class=\"_ _b\"/> complementing services within its globa<span class=\"_ _5\"/>l Resilience business area.The considera<span class=\"_ _5\"/>tion f<span class=\"_ _5\"/>or Giftge C<span class=\"_ _5\"/>onsult<span class=\"_ _5\"/> business combination amoun<span class=\"_ _5\"/>ted t<span class=\"_ _5\"/>o \u20ac9.1 million,<span class=\"_ _0\"/> including a deferr<span class=\"_ _5\"/>ed considera<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> \u20ac0.7 million.<span class=\"_ _b\"/> The net iden<span class=\"_ _5\"/>tifiable assets acquir<span class=\"_ _5\"/>ed amounted <span class=\"_ _5\"/>to \u20ac3.6 million and <span class=\"_ _5\"/>the preliminary goodwill amount<span class=\"_ _b\"/>ed to \u20ac5.5 million.<span class=\"_ _b\"/> The goodwill is a<span class=\"_ _5\"/>lloca<span class=\"_ _5\"/>ted entir<span class=\"_ _5\"/>ely<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o the CGU Int<span class=\"_ _5\"/>elligence.<span class=\"_ _b\"/> The acquisition a<span class=\"_ _5\"/>ccounting is pr<span class=\"_ _5\"/>ovisional.<span class=\"_ _5\"/> Due t<span class=\"_ _5\"/>o the rela<span class=\"_ _5\"/>tivel<span class=\"_ _5\"/>y limit<span class=\"_ _5\"/>ed size of<span class=\"_ _5\"/> Giftge Consul<span class=\"_ _5\"/>t,<span class=\"_ _b\"/> no further disclosures are pr<span class=\"_ _5\"/>ovided.Business divestmen<span class=\"_ _5\"/>ts 2022During the <span class=\"_ _5\"/>year ended 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the Compan<span class=\"_ _5\"/>y has comple<span class=\"_ _5\"/>ted the <span class=\"_ _5\"/>fol<span class=\"_ _5\"/>lowing divestmen<span class=\"_ _5\"/>ts: \u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">A subsidiary in Czech Republic and its br<span class=\"_ _5\"/>anch in Slovakia;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">A subsidiary in Thailand; </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">A subsidiary in Switz<span class=\"_ _5\"/>erland; </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">A subsidiary in Singapore incl<span class=\"_ _5\"/>uding its subsidiaries in Vietnam and Singapore and its <span class=\"_ _5\"/>T<span class=\"_ _b\"/>aiwan branch;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">A subsidiary in Hong Kong incl<span class=\"_ _5\"/>uding its subsidiar<span class=\"_ _6\"/>y in Vie<span class=\"_ _5\"/>tnam and its branch in Singapore; </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Subsidiaries in Mala<span class=\"_ _5\"/>ysia;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">A part o<span class=\"_ _5\"/>f business activities in resilience in F<span class=\"_ _5\"/>rance.<span class=\"_ _0\"/> </span>In \u20ac thousands<span class=\"_ _1f2\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022</span>Considera<span class=\"_ _5\"/>tion received,<span class=\"_ _b\"/> satisfied in cash<span class=\"_ _1f3\"> </span> 1<span class=\"_ _5\"/>3,771 Cash and cash equivalen<span class=\"_ _5\"/>ts disposed of <span class=\"_ _1f4\"> </span> (1<span class=\"_ _5\"/>2,987<span class=\"_ _6\"/>) Net cash in<span class=\"_ _5\"/>flows<span class=\"_ _1f5\"> </span><span class=\"ls144 ws189\"> 784<span class=\"_ _6\"/> </span>1 Resta<span class=\"_ _5\"/>ted in accor<span class=\"_ _5\"/>dance with IAS 8, see no<span class=\"_ _5\"/>te 3The t<span class=\"_ _5\"/>otal ne<span class=\"_ _5\"/>t asset<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ues of <span class=\"_ _5\"/>the investmen<span class=\"_ _5\"/>ts disposed are \u20ac44.6 million (mainly<span class=\"_ _5\"/> composed of<span class=\"_ _5\"/> contra<span class=\"_ _5\"/>ct assets of<span class=\"_ _5\"/> \u20ac31<span class=\"_ _b\"/>.5 million,<span class=\"_ _5\"/> tra<span class=\"_ _5\"/>de receivabl<span class=\"_ _5\"/>es of \u20ac1<span class=\"_ _0\"/>7<span class=\"_ _b\"/>.4 million and contra<span class=\"_ _5\"/>ct liabilities of<span class=\"_ _5\"/> \u20ac(1<span class=\"_ _5\"/>4.5) million).<span class=\"_ _5\"/> The net pr<span class=\"_ _5\"/>oceeds from sa<span class=\"_ _5\"/>le of<span class=\"_ _5\"/> inves<span class=\"_ _5\"/>tments are \u20ac1<span class=\"_ _b\"/>3.8 million and a loss on disposal o<span class=\"_ _5\"/>f subsidiaries amount<span class=\"_ _5\"/>ed to \u20ac30.9 million (non-opera<span class=\"_ _5\"/>ting).<span class=\"_ _5\"/> 2<span class=\"_ _6\"/>021In 202<span class=\"_ _b\"/>1 no acquisition was ma<span class=\"_ _5\"/>de,<span class=\"_ _b\"/> and no significant disposal t<span class=\"_ _5\"/>ook plac<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> Theref<span class=\"_ _b\"/>ore,<span class=\"_ _b\"/> no further disclosures are provided in <span class=\"_ _5\"/>this not<span class=\"_ _5\"/>e other <span class=\"_ _5\"/>than the changes in def<span class=\"_ _5\"/>erred consider<span class=\"_ _5\"/>ation f<span class=\"_ _5\"/>or ac<span class=\"_ _5\"/>quisitions previousl<span class=\"_ _b\"/>y made.<span class=\"_ _b\"/> Def<span class=\"_ _5\"/>erred consider<span class=\"_ _5\"/>ation and earn-outsThe contr<span class=\"_ _5\"/>actual def<span class=\"_ _5\"/>erred considera<span class=\"_ _5\"/>tion and earn-outs for<span class=\"_ _5\"/> acquisitions are discl<span class=\"_ _5\"/>osed below<span class=\"_ _b\"/>.Initial<span class=\"ls3 ws1\"> </span>Discount <span class=\"_ _1\"/><span class=\"ls3 ws1\"> </span>2022<span class=\"_ _6\"/><span class=\"ls3 ws1\"> </span>20<span class=\"_ _6\"/>21<span class=\"_ _6\"/><span class=\"ls3 ws1\"> </span>In \u20ac thousandsrecognitioneffec<span class=\"_ _6\"/>t/<span class=\"_ _6\"/>intere<span class=\"_ _6\"/>stTo<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>lTo<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>lBalance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _1f6\"> </span> 133<span class=\"_ _6\"/> <span class=\"_ _76\"> </span> 346 <span class=\"_ _76\"> </span><span class=\"lsf0 ws15c\"> 479 <span class=\"_ _de\"> </span><span class=\"ls6f ws13a\"> 4,8<span class=\"_ _6\"/>10 </span></span>Acquisitions<span class=\"_ _1f7\"> </span><span class=\"lsed ws109\">7,<span class=\"_ _7\"/>7<span class=\"_ _6\"/>9<span class=\"_ _7\"/>9<span class=\"_ _193\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _38\"> </span></span>7,<span class=\"_ _7\"/>7<span class=\"_ _7\"/>9<span class=\"_ _7\"/>9<span class=\"_ _ff\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> </span></span>Interest accr<span class=\"_ _6\"/>ual<span class=\"_ _1a1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _76\"> </span><span class=\"ls9d ws1\"> (560)</span></span>Releases<span class=\"_ _1a6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _49\"> </span></span> (2,341<span class=\"_ _5\"/>)Payments and r<span class=\"_ _5\"/>edemptions<span class=\"_ _1f8\"> </span><span class=\"ls2 ws14a\"> (38<span class=\"_ _6\"/>8)<span class=\"_ _54\"> </span></span> (346<span class=\"_ _6\"/>)<span class=\"_ _54\"> </span><span class=\"ls57 ws164\"> (<span class=\"_ _6\"/>73<span class=\"_ _6\"/>4)<span class=\"_ _d3\"> </span></span> (1,57<span class=\"_ _5\"/>6)Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _25\"> </span><span class=\"ls10c ws136\"> (<span class=\"_ _6\"/>423)<span class=\"_ _133\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _76\"> </span></span> (<span class=\"_ _6\"/>42<span class=\"_ _6\"/>3)<span class=\"_ _46\"> </span><span class=\"lsfb ws134\"> 14<span class=\"_ _6\"/>6<span class=\"_ _7\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _130\"> </span><span class=\"ls147 ws163\">7,<span class=\"_ _7\"/>12<span class=\"_ _6\"/>1<span class=\"_ _193\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _71\"> </span></span>7,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>2<span class=\"_ _6\"/>1<span class=\"_ _4f\"> </span><span class=\"lsf0 ws15c\"> 479<span class=\"_ _6\"/> </span></span>\u20ac3.1 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: nil) deferred c<span class=\"_ _5\"/>onsideration is r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ted as o<span class=\"_ _5\"/>ther long-<span class=\"_ _5\"/>term deb<span class=\"_ _5\"/>t under <span class=\"_ _0\"/>\u2018Loans and borrowings<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> (see note 30).<span class=\"_ _0\"/> An amount o<span class=\"_ _5\"/>f \u20ac4.0 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac0.5 million) is due within one y<span class=\"_ _5\"/>ear and reported as <span class=\"_ _b\"/>\u2018Other current<span class=\"_ _5\"/> liabilities\u2019<span class=\"_ _b\"/> (see not<span class=\"_ _5\"/>e 31<span class=\"_ _b\"/>).<span class=\"_ _5\"/> This rela<span class=\"_ _5\"/>tes t<span class=\"_ _5\"/>o after<span class=\"_ _5\"/> payments associa<span class=\"_ _b\"/>ted with:\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Contingen<span class=\"_ _5\"/>t considera<span class=\"_ _b\"/>tion liabilities assumed from acquiring IBI Gr<span class=\"_ _5\"/>oup: Hotspo<span class=\"_ _5\"/>t (2022<span class=\"_ _b\"/>),<span class=\"_ _5\"/> RL<span class=\"_ _5\"/>C (2022<span class=\"_ _5\"/>),<span class=\"_ _b\"/> </span>T<span class=\"_ _b\"/>eranis (202<span class=\"_ _b\"/>1),<span class=\"_ _0\"/> T<span class=\"_ _b\"/>elenium (202<span class=\"_ _b\"/>1),<span class=\"_ _0\"/> Peter\u2019s Ener<span class=\"_ _5\"/>gy (202<span class=\"_ _b\"/>1),<span class=\"_ _0\"/> Aspyr (201<span class=\"_ _b\"/>9); \u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Giftge Consul<span class=\"_ _b\"/>t GmbH f<span class=\"_ _5\"/>or \u20ac0.7 million; </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">W<span class=\"_ _b\"/>ater<span class=\"_ _5\"/> Platf<span class=\"_ _5\"/>orm Company<span class=\"_ _5\"/> for<span class=\"_ _5\"/> \u20ac0.5 million.<span class=\"_ _b\"/> </span>The paymen<span class=\"_ _5\"/>ts made in 2022 r<span class=\"_ _5\"/>elat<span class=\"_ _5\"/>e to SEAMS (2<span class=\"_ _5\"/>01<span class=\"_ _5\"/>8) f<span class=\"_ _5\"/>or \u20ac0.4 million and W<span class=\"_ _0\"/>ater<span class=\"_ _5\"/> Platf<span class=\"_ _5\"/>orm Company<span class=\"_ _5\"/> (2022<span class=\"_ _5\"/>) for<span class=\"_ _5\"/> \u20ac0.3 million.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__23": {
   "value": "Arcadis NV<span class=\"_ _5\"/> indirectly<span class=\"_ _5\"/> holds 1<span class=\"_ _5\"/>0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>% of<span class=\"_ _5\"/> the ordinary shares o<span class=\"_ _5\"/>f al<span class=\"_ _5\"/>l these subsidiaries,<span class=\"_ _b\"/> and does not hol<span class=\"_ _5\"/>d direct int<span class=\"_ _b\"/>erests in most o<span class=\"_ _5\"/>f them itsel<span class=\"_ _b\"/>f as a resul<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> the int<span class=\"_ _5\"/>ermediat<span class=\"_ _5\"/>e holding structure <span class=\"_ _5\"/>within the Group.<span class=\"_ _b\"/> All subsidiaries are incl<span class=\"_ _5\"/>uded in the financial consolida<span class=\"_ _b\"/>tion.<span class=\"_ _5\"/> The proportion of <span class=\"_ _5\"/>the vo<span class=\"_ _5\"/>ting rights held dir<span class=\"_ _5\"/>ectly by <span class=\"_ _5\"/>the parent<span class=\"_ _5\"/> company does no<span class=\"_ _5\"/>t substan<span class=\"_ _5\"/>tiall<span class=\"_ _b\"/>y differ fr<span class=\"_ _5\"/>om the proportion of<span class=\"_ _5\"/> ordinary shares held.A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the t<span class=\"_ _5\"/>otal non-contr<span class=\"_ _5\"/>olling int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> amounted <span class=\"_ _5\"/>to \u20ac2.0 million nega<span class=\"_ _b\"/>tive<span class=\"_ _6\"/> (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _5\"/>.1 million nega<span class=\"_ _5\"/>tive) and is as such not<span class=\"_ _5\"/> mat<span class=\"_ _5\"/>erial f<span class=\"_ _5\"/>or the Gr<span class=\"_ _5\"/>oup.The main consolida<span class=\"_ _5\"/>ted companies as a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 2<span class=\"_ _5\"/>022 are list<span class=\"_ _5\"/>ed below:Name of<span class=\"_ _5\"/> subsidiar<span class=\"_ _6\"/>y<span class=\"_ _1cb\"> </span>Country o<span class=\"_ _5\"/>f incorpora<span class=\"_ _5\"/>tionAmericasArcadis US,<span class=\"_ _b\"/> Inc.<span class=\"_ _1a5\"> </span>United S<span class=\"_ _5\"/>tates o<span class=\"_ _5\"/>f AmericaIBI Group US<span class=\"_ _1cc\"> </span>United S<span class=\"_ _5\"/>tates o<span class=\"_ _5\"/>f AmericaIBI Group Pro<span class=\"_ _5\"/>fessional Services (Canada) Inc.<span class=\"_ _5a\"> </span><span class=\"wsac\">Canada</span>IBI Group Ar<span class=\"_ _5\"/>chitects (Canada Inc.)<span class=\"_ _93\"> </span><span class=\"wsac\">Canada</span>Arcadis L<span class=\"_ _5\"/>ogos S.<span class=\"_ _6\"/>A<span class=\"_ _6\"/>.<span class=\"_ _192\"> </span><span class=\"wsac\">Brazil</span>CallisonR<span class=\"_ _5\"/>TKL, Inc.<span class=\"_ _1cd\"> </span>United S<span class=\"_ _5\"/>tates o<span class=\"_ _5\"/>f AmericaEurope &amp; Middle EastArcadis C<span class=\"_ _5\"/>onsulting Middle Eas<span class=\"_ _5\"/>t L<span class=\"_ _5\"/>td.<span class=\"_ _84\"> </span>United KingdomArcadis LLP<span class=\"_ _1ce\"> </span>United KingdomArcadis C<span class=\"_ _5\"/>onsulting (UK) Limited<span class=\"_ _106\"> </span>United KingdomArcadis Nederland B<span class=\"_ _5\"/>V<span class=\"_ _197\"> </span>The NetherlandsArcadis Deutschland GmbH<span class=\"_ _1cf\"> </span><span class=\"wsac\">Germany</span>Arcadis F<span class=\"_ _5\"/>rance S.A<span class=\"_ _6\"/>.S.<span class=\"_ _1d0\"> </span><span class=\"ls10d ws12b\">France</span>Arcadis Belgium NV<span class=\"_ _199\"> </span><span class=\"wsac\">Belgium</span>White R<span class=\"_ _5\"/>ock Insurance (Netherlands) P<span class=\"_ _5\"/>cc Limited <span class=\"_ _1d1\"> </span><span class=\"wsac\">Mal<span class=\"_ _5\"/>ta</span>DPS Engineering Holdings Limited<span class=\"_ _72\"> </span><span class=\"wsac\">Ir<span class=\"_ _5\"/>eland</span>Asia PacificArcadis Asia L<span class=\"_ _5\"/>td.<span class=\"_ _105\"> </span><span class=\"ws1\">Hong Kong</span>Arcadis <span class=\"_ _5\"/>Australia Pacific Holdings Pty L<span class=\"_ _b\"/>td.<span class=\"_ _16d\"> </span><span class=\"wsac\">Australia</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__112": {
   "value": "Rev<span class=\"_ _5\"/>enue is recognized by<span class=\"_ _5\"/> the Group f<span class=\"_ _5\"/>ollowing <span class=\"_ _5\"/>the five-step model in IFRS 15,<span class=\"_ _b\"/> consisting o<span class=\"_ _5\"/>f:1<span class=\"_ _6\"/>. <span class=\"_\"> </span><span class=\"ff6 fc6 ls3f ws1\">identification o<span class=\"_ _5\"/>f the c<span class=\"_ _5\"/>ontract;</span>2<span class=\"_ _6\"/>. <span class=\"_\"> </span><span class=\"ff6 fc6 ls3f ws1\">identification o<span class=\"_ _5\"/>f the performanc<span class=\"_ _5\"/>e obligations in the c<span class=\"_ _5\"/>ontract;</span>3<span class=\"_ _6\"/>. <span class=\"_\"> </span><span class=\"ff6 fc6 ls3f ws1d\">determina<span class=\"_ _5\"/>tion of the tr<span class=\"_ _5\"/>ansaction <span class=\"_ _6\"/>price;</span>4<span class=\"_ _6\"/>. <span class=\"_\"> </span><span class=\"ff6 fc6 ls3f ws1\">alloca<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the transa<span class=\"_ _5\"/>ction price to performanc<span class=\"_ _5\"/>e obligations in the con<span class=\"_ _5\"/>tract,<span class=\"_ _b\"/> and</span>5<span class=\"_ _6\"/>. <span class=\"_\"> </span><span class=\"ff6 fc6 ls3f ws1\">recognition o<span class=\"_ _5\"/>f rev<span class=\"_ _5\"/>enue.</span>Rev<span class=\"_ _5\"/>enue is measured based on the considera<span class=\"_ _5\"/>tion specified in a contra<span class=\"_ _5\"/>ct with a customer<span class=\"_ _5\"/> and excl<span class=\"_ _5\"/>udes amounts collect<span class=\"_ _5\"/>ed on behalf<span class=\"_ _5\"/> of <span class=\"_ _5\"/>third parties (e.g.<span class=\"_ _b\"/> V<span class=\"_ _5\"/>A<span class=\"_ _b\"/>T<span class=\"_ _6\"/>).<span class=\"_ _b\"/> It includes initial amounts agr<span class=\"_ _5\"/>eed in the contra<span class=\"_ _5\"/>ct plus any <span class=\"_ _5\"/>variations in contra<span class=\"_ _5\"/>ct work<span class=\"_ _5\"/> and variable consider<span class=\"_ _5\"/>ation,<span class=\"_ _b\"/> to the e<span class=\"_ _5\"/>xtent<span class=\"_ _5\"/> that<span class=\"_ _5\"/> it is highly<span class=\"_ _5\"/> probabl<span class=\"_ _5\"/>y tha<span class=\"_ _5\"/>t its inclusion will no<span class=\"_ _5\"/>t resul<span class=\"_ _b\"/>t in a significant re<span class=\"_ _5\"/>venue reversa<span class=\"_ _5\"/>l in the future <span class=\"_ _5\"/>when the uncertainty has been subsequentl<span class=\"_ _b\"/>y resolv<span class=\"_ _5\"/>ed.The Group recogniz<span class=\"_ _5\"/>es revenue <span class=\"_ _5\"/>when it trans<span class=\"_ _5\"/>fers contr<span class=\"_ _5\"/>ol over a pr<span class=\"_ _5\"/>oduct or service to a cus<span class=\"_ _5\"/>tomer<span class=\"_ _0\"/>. F<span class=\"_ _b\"/>or per<span class=\"_ _6\"/>formance obligations <span class=\"_ _5\"/>that are <span class=\"_ _5\"/>transf<span class=\"_ _5\"/>erred over <span class=\"_ _5\"/>time,<span class=\"_ _b\"/> revenue is recogniz<span class=\"_ _5\"/>ed in profit or<span class=\"_ _5\"/> loss in proportion to <span class=\"_ _5\"/>the percentage o<span class=\"_ _5\"/>f completion o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>transaction at<span class=\"_ _5\"/> reporting date<span class=\"_ _5\"/>.<span class=\"_ _5\"/> The percen<span class=\"_ _5\"/>tage of c<span class=\"_ _5\"/>ompletion is measured by<span class=\"_ _5\"/> actual (labor) costs incurred in rela<span class=\"_ _5\"/>tion to <span class=\"_ _5\"/>tota<span class=\"_ _5\"/>l estimat<span class=\"_ _5\"/>ed (labor) costs (input me<span class=\"_ _5\"/>thod).<span class=\"_ _5\"/> In the Group<span class=\"_ _5\"/>\u2019s vie<span class=\"_ _5\"/>w this best<span class=\"_ _5\"/> reflects the v<span class=\"_ _5\"/>alue delivered <span class=\"_ _5\"/>to the cust<span class=\"_ _5\"/>omer in a business tha<span class=\"_ _5\"/>t mainl<span class=\"_ _5\"/>y uses human and int<span class=\"_ _5\"/>ellectual capital (o<span class=\"_ _5\"/>f its employ<span class=\"_ _5\"/>ees) for<span class=\"_ _5\"/> completion o<span class=\"_ _5\"/>f the performanc<span class=\"_ _5\"/>e obligations t<span class=\"_ _5\"/>owards <span class=\"_ _5\"/>the customer<span class=\"_ _0\"/>.Additional costs because o<span class=\"_ _5\"/>f CO<span class=\"_ _5\"/>VID-19 (e.g.<span class=\"_ _b\"/> additional labor cos<span class=\"_ _5\"/>t,<span class=\"_ _5\"/> cost incurr<span class=\"_ _5\"/>ed to compl<span class=\"_ _b\"/>y with ongoing heal<span class=\"_ _5\"/>th &amp; safe<span class=\"_ _5\"/>ty requirements) ar<span class=\"_ _5\"/>e included in the perc<span class=\"_ _5\"/>entage of<span class=\"_ _5\"/> completion onl<span class=\"_ _b\"/>y if they<span class=\"_ _5\"/> are needed to c<span class=\"_ _5\"/>ontribute <span class=\"_ _5\"/>to the measure o<span class=\"_ _5\"/>f progress o<span class=\"_ _5\"/>f a performance obliga<span class=\"_ _5\"/>tion.<span class=\"_ _5\"/> For<span class=\"_ _5\"/> performance obligations <span class=\"_ _5\"/>that are <span class=\"_ _5\"/>transf<span class=\"_ _5\"/>erred at<span class=\"_ _5\"/> a point in time<span class=\"_ _5\"/>,<span class=\"_ _5\"/> revenues and cos<span class=\"_ _5\"/>ts are recogniz<span class=\"_ _5\"/>ed in profit or<span class=\"_ _5\"/> loss when the cust<span class=\"_ _5\"/>omer receiv<span class=\"_ _5\"/>es the ability t<span class=\"_ _5\"/>o direct the use o<span class=\"_ _5\"/>f the asse<span class=\"_ _5\"/>t and substantia<span class=\"_ _5\"/>lly<span class=\"_ _5\"/> obtains all <span class=\"_ _5\"/>the benefits of it.Licenses and Softwar<span class=\"_ _5\"/>e as a ServiceRev<span class=\"_ _5\"/>enue from (softwar<span class=\"_ _5\"/>e) licenses is recognized o<span class=\"_ _5\"/>ver time<span class=\"_ _5\"/>,<span class=\"_ _5\"/> based on time elapsed,<span class=\"_ _b\"/> in case of a <span class=\"_ _b\"/>\u2018right <span class=\"_ _5\"/>to ac<span class=\"_ _5\"/>cess\u2019<span class=\"_ _0\"/>.<span class=\"_ _b\"/> It is recognized a<span class=\"_ _5\"/>t a point<span class=\"_ _5\"/> in time in case of<span class=\"_ _5\"/> a <span class=\"_ _5\"/>\u2018right<span class=\"_ _5\"/> to use<span class=\"_ _5\"/>\u2019<span class=\"_ _0\"/>,<span class=\"_ _5\"/> but not<span class=\"_ _5\"/> befor<span class=\"_ _5\"/>e the beginning of<span class=\"_ _5\"/> the license period.<span class=\"_ _b\"/> Revenue fr<span class=\"_ _5\"/>om Software as a Service (SaaS) is <span class=\"_ _5\"/>treat<span class=\"_ _5\"/>ed as a right t<span class=\"_ _5\"/>o access and is r<span class=\"_ _5\"/>ecognized over<span class=\"_ _5\"/> time,<span class=\"_ _b\"/> based on time elapsed.Contr<span class=\"_ _5\"/>act costs and con<span class=\"_ _5\"/>tract cost<span class=\"_ _5\"/> assetsContr<span class=\"_ _5\"/>act costs include <span class=\"_ _5\"/>the costs t<span class=\"_ _5\"/>o ful<span class=\"_ _5\"/>fil a contract,<span class=\"_ _b\"/> such as direct labor<span class=\"_ _b\"/>,<span class=\"_ _5\"/> costs o<span class=\"_ _5\"/>f mat<span class=\"_ _5\"/>erials,<span class=\"_ _b\"/> ser<span class=\"_ _6\"/>vices of <span class=\"_ _5\"/>third parties and subcontra<span class=\"_ _5\"/>ctors,<span class=\"_ _b\"/> and costs that<span class=\"_ _5\"/> are explicitl<span class=\"_ _5\"/>y chargeable <span class=\"_ _5\"/>to the cus<span class=\"_ _5\"/>tomer under<span class=\"_ _5\"/> the contra<span class=\"_ _5\"/>ct.<span class=\"_ _5\"/> They ar<span class=\"_ _5\"/>e recognized as an asset in C<span class=\"_ _5\"/>ontract asse<span class=\"_ _5\"/>ts and liabilities,<span class=\"_ _5\"/> if they<span class=\"_ _5\"/> are expected <span class=\"_ _5\"/>to be reco<span class=\"_ _5\"/>vered.Costs <span class=\"_ _5\"/>to obtain a c<span class=\"_ _5\"/>ontract ar<span class=\"_ _5\"/>e only r<span class=\"_ _5\"/>ecognized as a con<span class=\"_ _5\"/>tract cost<span class=\"_ _5\"/> asset in Con<span class=\"_ _5\"/>tract assets and liabilities if<span class=\"_ _5\"/> they ar<span class=\"_ _5\"/>e incremental and e<span class=\"_ _5\"/>xpected t<span class=\"_ _5\"/>o be recover<span class=\"_ _5\"/>ed.<span class=\"_ _5\"/> They<span class=\"_ _5\"/> are recognized on a s<span class=\"_ _5\"/>ystemic basis c<span class=\"_ _5\"/>onsistent<span class=\"_ _5\"/> with the rec<span class=\"_ _5\"/>ognition of costs t<span class=\"_ _5\"/>o fulfill a contract.Loss pro<span class=\"_ _5\"/>visionsEstimat<span class=\"_ _5\"/>es of<span class=\"_ _5\"/> project management<span class=\"_ _5\"/> are used to assess <span class=\"_ _5\"/>the progress and estima<span class=\"_ _5\"/>ted out<span class=\"_ _5\"/>come of<span class=\"_ _5\"/> a per<span class=\"_ _6\"/>formance obliga<span class=\"_ _5\"/>tion.<span class=\"_ _b\"/> When it becomes pr<span class=\"_ _5\"/>obable that<span class=\"_ _5\"/> the t<span class=\"_ _5\"/>otal e<span class=\"_ _5\"/>xpected costs t<span class=\"_ _5\"/>o complet<span class=\"_ _5\"/>e all performanc<span class=\"_ _5\"/>e obligations in a contr<span class=\"_ _5\"/>act exc<span class=\"_ _5\"/>eed the t<span class=\"_ _5\"/>otal tr<span class=\"_ _5\"/>ansaction price (considera<span class=\"_ _5\"/>tion) of <span class=\"_ _5\"/>these performance obligations,<span class=\"_ _b\"/> a loss provision is r<span class=\"_ _5\"/>ecognized f<span class=\"_ _5\"/>or the lo<span class=\"_ _5\"/>wer of<span class=\"_ _5\"/> the unavoidabl<span class=\"_ _5\"/>e costs and the c<span class=\"_ _5\"/>osts of <span class=\"_ _5\"/>termina<span class=\"_ _5\"/>tion.Financing componentArcadis genera<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y does not ha<span class=\"_ _5\"/>ve any<span class=\"_ _5\"/> significant contr<span class=\"_ _5\"/>acts where the period betw<span class=\"_ _5\"/>een the trans<span class=\"_ _5\"/>fer o<span class=\"_ _5\"/>f the pr<span class=\"_ _5\"/>omised goods or services t<span class=\"_ _5\"/>o customer<span class=\"_ _5\"/> and the payment<span class=\"_ _5\"/> by the cus<span class=\"_ _5\"/>tomer<span class=\"_ _0\"/>,<span class=\"_ _5\"/> as contractual<span class=\"_ _5\"/>ly a<span class=\"_ _5\"/>greed,<span class=\"_ _b\"/> exceeds one y<span class=\"_ _5\"/>ear<span class=\"_ _b\"/>.<span class=\"_ _5\"/> If applicable,<span class=\"_ _0\"/> the transaction price is adjus<span class=\"_ _5\"/>ted f<span class=\"_ _5\"/>or the <span class=\"_ _5\"/>time val<span class=\"_ _5\"/>ue of money<span class=\"_ _b\"/>.<span class=\"_ _b\"/> Payments of<span class=\"_ _5\"/> customers aft<span class=\"_ _5\"/>er the agr<span class=\"_ _5\"/>eed payment<span class=\"_ _5\"/> term are cover<span class=\"_ _5\"/>ed by the a<span class=\"_ _5\"/>ccounting policy on <span class=\"_ _5\"/>T<span class=\"_ _5\"/>rade rec<span class=\"_ _5\"/>eivables,<span class=\"_ _b\"/> see note 21.Agent v<span class=\"_ _5\"/>ersus principalFor<span class=\"_ _5\"/> each performance obliga<span class=\"_ _5\"/>tion the Group assesses whether<span class=\"_ _5\"/> the natur<span class=\"_ _5\"/>e of <span class=\"_ _5\"/>Arcadis\u2019<span class=\"_ _b\"/> commitment is <span class=\"_ _5\"/>to pro<span class=\"_ _5\"/>vide the goods and/<span class=\"_ _5\"/>or services itself<span class=\"_ _b\"/>,<span class=\"_ _5\"/> or t<span class=\"_ _5\"/>o arrange f<span class=\"_ _5\"/>or those good(s) and/<span class=\"_ _b\"/>or ser<span class=\"_ _6\"/>vice(s) t<span class=\"_ _5\"/>o be provided by<span class=\"_ _5\"/> another party<span class=\"_ _b\"/>. <span class=\"_ _5\"/>Arcadis assesses whether<span class=\"_ _5\"/> it contr<span class=\"_ _5\"/>ols the specified good(s) and/or<span class=\"_ _5\"/> service(s) before it<span class=\"_ _5\"/> is transf<span class=\"_ _5\"/>erred t<span class=\"_ _5\"/>o the cust<span class=\"_ _5\"/>omer<span class=\"_ _b\"/>.Arcadis is <span class=\"_ _5\"/>typicall<span class=\"_ _5\"/>y a principal in case o<span class=\"_ _5\"/>f subcontra<span class=\"_ _5\"/>cted work,<span class=\"_ _b\"/> as Arcadis is primaril<span class=\"_ _5\"/>y responsible <span class=\"_ _5\"/>for <span class=\"_ _5\"/>fulfilling the pr<span class=\"_ _5\"/>omise to pro<span class=\"_ _5\"/>vide the specified good(s) and/<span class=\"_ _5\"/>or service(s) and bears primary responsibility f<span class=\"_ _5\"/>or it meeting cus<span class=\"_ _5\"/>tomer specifications and has discretion in es<span class=\"_ _5\"/>tablishing the price t<span class=\"_ _5\"/>owar<span class=\"_ _5\"/>ds the customer<span class=\"_ _0\"/>.<span class=\"_ _5\"/> When Ar<span class=\"_ _5\"/>cadis acts as an agent,<span class=\"_ _b\"/> only<span class=\"_ _5\"/> the f<span class=\"_ _5\"/>ee/<span class=\"_ _5\"/>commission is recognized on a ne<span class=\"_ _5\"/>t basis in Gross re<span class=\"_ _5\"/>venues.Gross v<span class=\"_ _5\"/>ersus net rev<span class=\"_ _5\"/>enuesGross rev<span class=\"_ _5\"/>enues consist o<span class=\"_ _5\"/>f ext<span class=\"_ _5\"/>ernal rev<span class=\"_ _5\"/>enues net of<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue-added tax, r<span class=\"_ _5\"/>ebates and disc<span class=\"_ _5\"/>ounts and after<span class=\"_ _5\"/> eliminating sales within the Group<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Net re<span class=\"_ _5\"/>venue is a non-GAAP per<span class=\"_ _6\"/>formance measur<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> which represents re<span class=\"_ _5\"/>venue genera<span class=\"_ _5\"/>ted by o<span class=\"_ _5\"/>wn staff<span class=\"_ _b\"/>. It is a sub-t<span class=\"_ _5\"/>otal cal<span class=\"_ _5\"/>culated as Gr<span class=\"_ _5\"/>oss revenue minus Ma<span class=\"_ _5\"/>terials,<span class=\"_ _b\"/> services of thir<span class=\"_ _5\"/>d parties and subcontractors,<span class=\"_ _b\"/> which are project-rela<span class=\"_ _5\"/>ted cos<span class=\"_ _5\"/>ts of ma<span class=\"_ _5\"/>terials and services charged b<span class=\"_ _5\"/>y third parties,<span class=\"_ _b\"/> including cost o<span class=\"_ _5\"/>f subcontr<span class=\"_ _5\"/>actors.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__113": {
   "value": "Gross versus net revenuesGross revenues consist of external revenues net of value-added tax, rebates and discounts and after eliminating sales within the Group. Net revenue is a non-GAAP performance measure, which represents revenue generated by own staff. It is a sub-total calculated as Gross revenue minus Materials, services of third parties and subcontractors, which are project-related costs of materials and services charged by third parties, including cost of subcontractors.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscountsAndRebatesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__25": {
   "value": "Disaggrega<span class=\"_ _b\"/>tion of re<span class=\"_ _5\"/>venuesGross re<span class=\"_ _5\"/>venues arise from <span class=\"_ _5\"/>the f<span class=\"_ _5\"/>ollowing major ca<span class=\"_ _5\"/>tegories:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Rev<span class=\"_ _5\"/>enue from ser<span class=\"_ _6\"/>vices<span class=\"_ _1f9\"> </span><span class=\"ws1\"> 3,50<span class=\"_ _6\"/>9,389<span class=\"_ _6\"/> <span class=\"_ _a8\"> </span> 2,8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>4,695<span class=\"_ _6\"/> </span>Construction con<span class=\"_ _5\"/>tract rev<span class=\"_ _5\"/>enue<span class=\"_ _1fa\"> </span><span class=\"lsee ws11e\"> 513<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>8<span class=\"_ _7\"/>0<span class=\"_ _6\"/> <span class=\"_ _de\"> </span></span> 572,776 Rev<span class=\"_ _5\"/>enue from licenses<span class=\"_ _1ed\"> </span><span class=\"ws1\"> 5,96<span class=\"_ _6\"/>6 <span class=\"_ _4f\"> </span><span class=\"ls10f ws129\"> 1,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>15<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal Gross R<span class=\"_ _5\"/>evenue<span class=\"_ _1ce\"> </span> 4,028<span class=\"_ _6\"/>,935<span class=\"_ _6\"/> <span class=\"_ _a8\"> </span> 3,378,4<span class=\"_ _6\"/>86<span class=\"_ _6\"/> Rev<span class=\"_ _5\"/>enues from services rendered r<span class=\"_ _5\"/>epresent<span class=\"_ _5\"/> fee inc<span class=\"_ _5\"/>ome receivabl<span class=\"_ _5\"/>e in respect of<span class=\"_ _5\"/> services provided during the period.<span class=\"_ _b\"/> Construction contr<span class=\"_ _5\"/>acts include the rendering o<span class=\"_ _5\"/>f services,<span class=\"_ _b\"/> which are directl<span class=\"_ _5\"/>y rela<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the construction of<span class=\"_ _5\"/> assets,<span class=\"_ _b\"/> contra<span class=\"_ _5\"/>cts for <span class=\"_ _5\"/>the destruction or res<span class=\"_ _5\"/>tora<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> assets,<span class=\"_ _b\"/> and the rest<span class=\"_ _5\"/>ora<span class=\"_ _5\"/>tion of <span class=\"_ _5\"/>the environment following <span class=\"_ _5\"/>the demolition of asse<span class=\"_ _5\"/>ts.<span class=\"_ _b\"/> Revenues fr<span class=\"_ _5\"/>om licenses represen<span class=\"_ _5\"/>t f<span class=\"_ _5\"/>ee income receiv<span class=\"_ _5\"/>able in respect o<span class=\"_ _5\"/>f all<span class=\"_ _5\"/>owing cust<span class=\"_ _5\"/>omers using Arcadis de<span class=\"_ _5\"/>veloped so<span class=\"_ _5\"/>ftware,<span class=\"_ _b\"/> and mainl<span class=\"_ _5\"/>y rela<span class=\"_ _5\"/>te t<span class=\"_ _5\"/>o the opera<span class=\"_ _b\"/>ting segment Int<span class=\"_ _5\"/>elligence.Timing of<span class=\"_ _5\"/> rev<span class=\"_ _5\"/>enue recognitionThe timing o<span class=\"_ _5\"/>f rev<span class=\"_ _5\"/>enue recognition in 20<span class=\"_ _5\"/>22 was as <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>ows:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02At<span class=\"_ _5\"/> a point in time<span class=\"_ _1d4\"> </span><span class=\"lsf9 ws178\"> 120<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>9<span class=\"_ _6\"/>8<span class=\"_ _7\"/> <span class=\"_ _18a\"> </span><span class=\"ls10f ws129\"> 9<span class=\"_ _7\"/>8<span class=\"_ _6\"/>,<span class=\"_ _6\"/>915<span class=\"_ _7\"/> </span></span>Over time<span class=\"_ _ee\"> </span><span class=\"ws1\"> 3,9<span class=\"_ _6\"/>07<span class=\"_ _b\"/>,937 <span class=\"_ _d2\"> </span> 3,279<span class=\"_ _5\"/>,571 </span>T<span class=\"_ _b\"/>otal Gross re<span class=\"_ _5\"/>venue<span class=\"_ _1fb\"> </span><span class=\"wsac\">4,02<span class=\"_ _6\"/>8,935<span class=\"_ _a5\"> </span>3<span class=\"_ _6\"/>,378,4<span class=\"_ _6\"/>86</span>Con<span class=\"_ _5\"/>tract balanc<span class=\"_ _5\"/>esThe Group has rec<span class=\"_ _5\"/>ognized the f<span class=\"_ _b\"/>ollowing assets and liabilities r<span class=\"_ _5\"/>elat<span class=\"_ _5\"/>ed to c<span class=\"_ _5\"/>ontracts with cus<span class=\"_ _5\"/>tomers:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Other non-current<span class=\"_ _5\"/> assets<span class=\"_ _1fc\"> </span><span class=\"lsef ws11c\"> 1,6<span class=\"_ _6\"/>33<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span><span class=\"lsec ws112\"> 2,10<span class=\"_ _7\"/>4 </span></span>T<span class=\"_ _b\"/>rade receivables<span class=\"_ _1e5\"> </span><span class=\"lsed ws163\"> 74<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>3<span class=\"_ _7\"/>9<span class=\"_ _7\"/>2<span class=\"_ _7\"/> <span class=\"_ _de\"> </span><span class=\"lsef ws11c\"> 521,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>55<span class=\"_ _6\"/> </span></span>Contr<span class=\"_ _5\"/>act assets (Unbilled r<span class=\"_ _5\"/>eceivables)<span class=\"_ _148\"> </span><span class=\"ls6f ws13a\"> 6<span class=\"_ _6\"/>4<span class=\"_ _7\"/>4,8<span class=\"_ _6\"/>59 <span class=\"_ _db\"> </span><span class=\"ls3e ws132\"> 50<span class=\"_ _7\"/>0,26<span class=\"_ _6\"/>8<span class=\"_ _6\"/> </span></span>Contr<span class=\"_ _5\"/>act liabilities (Billing in ex<span class=\"_ _5\"/>cess of r<span class=\"_ _5\"/>evenue)<span class=\"_ _12\"> </span> (481<span class=\"_ _5\"/>,872)<span class=\"_ _a6\"> </span> (3<span class=\"_ _6\"/>80<span class=\"_ _6\"/>,787)Provision <span class=\"_ _5\"/>for onerous c<span class=\"_ _5\"/>ontracts (loss pro<span class=\"_ _5\"/>visions)<span class=\"_ _1fd\"> </span> (24,228)<span class=\"_ _49\"> </span> (26,092)To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1fe\"> </span><span class=\"ls147 ws172\"> 8<span class=\"_ _7\"/>8<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>7<span class=\"_ _6\"/>8<span class=\"_ _7\"/>4<span class=\"_ _7\"/> <span class=\"_ _de\"> </span> 6<span class=\"_ _6\"/>1<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>3<span class=\"_ _6\"/>4<span class=\"_ _7\"/>8<span class=\"_ _7\"/> </span>The Other non-current<span class=\"_ _5\"/> assets rela<span class=\"_ _5\"/>te t<span class=\"_ _b\"/>o long-term r<span class=\"_ _5\"/>eten<span class=\"_ _5\"/>tions.<span class=\"_ _5\"/> The Expected Cr<span class=\"_ _5\"/>edit Loss a<span class=\"_ _5\"/>llow<span class=\"_ _5\"/>ance is included in the C<span class=\"_ _5\"/>ontract asse<span class=\"_ _5\"/>ts (unbilled rec<span class=\"_ _5\"/>eivables) balanc<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> see note 2<span class=\"_ _5\"/>2.Contrac<span class=\"_ _6\"/>t cost<span class=\"_ _6\"/>sThe incrementa<span class=\"_ _5\"/>l costs t<span class=\"_ _5\"/>o obtain a c<span class=\"_ _5\"/>ontract amoun<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to nil in 202<span class=\"_ _5\"/>2 and 202<span class=\"_ _5\"/>1.<span class=\"_ _0\"/> The practical expedien<span class=\"_ _5\"/>t of paragr<span class=\"_ _5\"/>aph 94 of IFRS 1<span class=\"_ _b\"/>5,<span class=\"_ _5\"/> stating <span class=\"_ _5\"/>that <span class=\"_ _5\"/>those costs can be e<span class=\"_ _5\"/>xpensed when incurred if <span class=\"_ _5\"/>the amortization period is one year<span class=\"_ _5\"/> or less,<span class=\"_ _0\"/> is not applied.T<span class=\"_ _b\"/>ransaction price remaining performanc<span class=\"_ _5\"/>e obligationsThe table bel<span class=\"_ _5\"/>ow includes r<span class=\"_ _5\"/>evenue expect<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o be recognized in <span class=\"_ _5\"/>the future rela<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to performance obliga<span class=\"_ _b\"/>tions<span class=\"_ _6\"/> that<span class=\"_ _5\"/> are (partiall<span class=\"_ _5\"/>y) unsatisfied a<span class=\"_ _5\"/>t the r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The practical e<span class=\"_ _5\"/>xpedient o<span class=\"_ _5\"/>f para<span class=\"_ _5\"/>graph 1<span class=\"_ _b\"/>21 of<span class=\"_ _5\"/> IFRS 1<span class=\"_ _5\"/>5 is applied,<span class=\"_ _b\"/> and the table ther<span class=\"_ _5\"/>efor<span class=\"_ _5\"/>e does not discl<span class=\"_ _5\"/>ose informa<span class=\"_ _b\"/>tion about remaining performance obliga<span class=\"_ _5\"/>tions that hav<span class=\"_ _5\"/>e original expected dur<span class=\"_ _5\"/>ation o<span class=\"_ _5\"/>f one year<span class=\"_ _5\"/> or less.<span class=\"_ _0\"/> The amounts there<span class=\"_ _5\"/>fore diff<span class=\"_ _5\"/>er fr<span class=\"_ _5\"/>om the contr<span class=\"_ _5\"/>acted backl<span class=\"_ _5\"/>og.<span class=\"_ _5\"/><span class=\"ls3\"> </span>In \u20ac thousands<span class=\"_ _1ff\"> </span>2023<span class=\"_ _df\"> </span><span class=\"lscd wse4\">2<span class=\"_ _6\"/>024<span class=\"_ _e5\"> </span></span>2025<span class=\"_ _200\"> </span><span class=\"lsef ws43\">After 2<span class=\"_ _6\"/>025<span class=\"_ _df\"> </span><span class=\"ff1 fc1 ls163 ws193\">To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l</span></span>Expected Gross re<span class=\"_ _5\"/>venue from (partiall<span class=\"_ _b\"/>y) unsatisfied<span class=\"_ _6\"/> performance obligations<span class=\"_ _14\"> </span> 1,431,2<span class=\"_ _6\"/>9<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _cb\"> </span> 727,627<span class=\"_ _6\"/> <span class=\"_ _201\"> </span> 230,5<span class=\"_ _5\"/>73 <span class=\"_ _14b\"> </span><span class=\"ls9d ws1\"> 252,89<span class=\"_ _6\"/>9 <span class=\"_ _202\"> </span><span class=\"lsf6 ws10f\"> 2,6<span class=\"_ _6\"/>42,398 </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__179-1": {
   "value": "Other income (expense) includes results that arise from events or transactions that are clearly distinct from the ordinary activities of the Company. Gains or losses on the sale of assets are recognized as part of Other income (expense).Other non-current assets are non-derivative financial assets and include long-term receivables (due for settlement after one year). Long-term receivables are initially recognized at fair value plus any directly attributable transaction costs. Subsequently these assets are held at amortized cost, using the effective interest method and net of any impairment losses.Other current assets are initially recognized at fair value plus any directly attributable transaction costs. Subsequently these assets are held at amortized cost, using the effective interest method and net of any impairment losses.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfOtherAccountingPoliciesRelevantToUnderstandingOfFinancialStatements",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__27-1": {
   "value": "In \u20ac thousands<span class=\"_ _1e6\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>021Gain/ (loss) on divestmen<span class=\"_ _5\"/>ts<span class=\"_ _187\"> </span> (30,894)<span class=\"_ _13d\"> </span><span class=\"ls14a ws137\"> - </span>Gain/ (loss) on derecognition o<span class=\"_ _5\"/>f leases<span class=\"_ _113\"> </span><span class=\"ls3 ws137\"> 30<span class=\"_ _5\"/>1 <span class=\"_ _4f\"> </span><span class=\"lsef ws11c\"> 1,8<span class=\"_ _6\"/>10<span class=\"_ _6\"/> </span></span>Gain/ (loss) on sale o<span class=\"_ _5\"/>f assets<span class=\"_ _203\"> </span><span class=\"ls3e ws132\"> 268<span class=\"_ _6\"/> <span class=\"_ _76\"> </span><span class=\"ls12d ws116\"> (1,<span class=\"_ _6\"/>53<span class=\"_ _6\"/>5<span class=\"_ _6\"/>)</span></span>Resul<span class=\"_ _5\"/>ts from investments<span class=\"_ _1f1\"> </span><span class=\"ws1\"> (18<span class=\"_ _6\"/>0)<span class=\"_ _58\"> </span><span class=\"ls57 ws164\"> (6<span class=\"_ _6\"/>4)</span></span>Sub-leasing income<span class=\"_ _1dc\"> </span><span class=\"lsee ws11e\">  13<span class=\"_ _7\"/>9<span class=\"_ _6\"/> <span class=\"_ _9\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - </span></span>Release o<span class=\"_ _5\"/>f after<span class=\"_ _5\"/>-payments<span class=\"_ _204\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _205\"> </span><span class=\"ls3\"> 2,340 </span></span>Other<span class=\"_ _7a\"> </span><span class=\"ls10e ws111\"> 11,<span class=\"_ _7\"/>0<span class=\"_ _7\"/>6<span class=\"_ _6\"/>3<span class=\"_ _7\"/> <span class=\"_ _1ae\"> </span><span class=\"lsed ws163\"> 7,<span class=\"_ _7\"/>1<span class=\"_ _6\"/>4<span class=\"_ _7\"/>6<span class=\"_ _7\"/> </span></span>T<span class=\"_ _b\"/>otal Other inc<span class=\"_ _5\"/>ome/ (expense)<span class=\"_ _206\"> </span> (19,303)<span class=\"_ _1ae\"> </span><span class=\"ls144 ws16f\">9,6<span class=\"_ _6\"/>97</span>The cat<span class=\"_ _5\"/>egory <span class=\"_ _b\"/>\u2018Other<span class=\"_ _6\"/>\u2019<span class=\"_ _b\"/> in 2022 included amongst<span class=\"_ _5\"/> others gov<span class=\"_ _5\"/>ernment gran<span class=\"_ _5\"/>ts mainly<span class=\"_ _5\"/> in China of<span class=\"_ _5\"/> \u20ac2.7 million (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _5\"/>.5 million),<span class=\"_ _b\"/> settlement<span class=\"_ _5\"/> agreemen<span class=\"_ _5\"/>ts relating <span class=\"_ _5\"/>to tr<span class=\"_ _5\"/>ansfer<span class=\"_ _5\"/> of<span class=\"_ _5\"/> staff t<span class=\"_ _b\"/>o a competitor<span class=\"_ _5\"/> of \u20ac3.6 mil<span class=\"_ _5\"/>lion and sever<span class=\"_ _5\"/>al other<span class=\"_ _5\"/> individuall<span class=\"_ _5\"/>y non-significant<span class=\"_ _5\"/> items.<span class=\"_ _b\"/> The 202<span class=\"_ _b\"/>1 result<span class=\"_ _5\"/> was impact<span class=\"_ _5\"/>ed by amongs<span class=\"_ _5\"/>t others r<span class=\"_ _5\"/>efunds of social charges paid on se<span class=\"_ _5\"/>verance pa<span class=\"_ _5\"/>yments made in <span class=\"_ _5\"/>the past o<span class=\"_ _5\"/>f \u20ac1<span class=\"_ _5\"/>.0 million,<span class=\"_ _b\"/> other <span class=\"_ _5\"/>tax refunds o<span class=\"_ _5\"/>f \u20ac1<span class=\"_ _5\"/>.4 million and sever<span class=\"_ _5\"/>al other<span class=\"_ _5\"/> individuall<span class=\"_ _5\"/>y non-significant<span class=\"_ _5\"/> items.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__26": {
   "value": "In \u20ac thousands<span class=\"_ _1e6\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Gain/ (loss) on divestmen<span class=\"_ _5\"/>ts<span class=\"_ _187\"> </span> (30,894)<span class=\"_ _13d\"> </span><span class=\"ls14a ws137\"> - </span>Gain/ (loss) on derecognition o<span class=\"_ _5\"/>f leases<span class=\"_ _113\"> </span><span class=\"ls3 ws137\"> 30<span class=\"_ _5\"/>1 <span class=\"_ _4f\"> </span><span class=\"lsef ws11c\"> 1,8<span class=\"_ _6\"/>10<span class=\"_ _6\"/> </span></span>Gain/ (loss) on sale o<span class=\"_ _5\"/>f assets<span class=\"_ _203\"> </span><span class=\"ls3e ws132\"> 268<span class=\"_ _6\"/> <span class=\"_ _76\"> </span><span class=\"ls12d ws116\"> (1,<span class=\"_ _6\"/>53<span class=\"_ _6\"/>5<span class=\"_ _6\"/>)</span></span>Resul<span class=\"_ _5\"/>ts from investments<span class=\"_ _1f1\"> </span><span class=\"ws1\"> (18<span class=\"_ _6\"/>0)<span class=\"_ _58\"> </span><span class=\"ls57 ws164\"> (6<span class=\"_ _6\"/>4)</span></span>Sub-leasing income<span class=\"_ _1dc\"> </span><span class=\"lsee ws11e\">  13<span class=\"_ _7\"/>9<span class=\"_ _6\"/> <span class=\"_ _9\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - </span></span>Release o<span class=\"_ _5\"/>f after<span class=\"_ _5\"/>-payments<span class=\"_ _204\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _205\"> </span><span class=\"ls3\"> 2,340 </span></span>Other<span class=\"_ _7a\"> </span><span class=\"ls10e ws111\"> 11,<span class=\"_ _7\"/>0<span class=\"_ _7\"/>6<span class=\"_ _6\"/>3<span class=\"_ _7\"/> <span class=\"_ _1ae\"> </span><span class=\"lsed ws163\"> 7,<span class=\"_ _7\"/>1<span class=\"_ _6\"/>4<span class=\"_ _7\"/>6<span class=\"_ _7\"/> </span></span>T<span class=\"_ _b\"/>otal Other inc<span class=\"_ _5\"/>ome/ (expense)<span class=\"_ _206\"> </span> (19,303)<span class=\"_ _1ae\"> </span><span class=\"ls144 ws16f\">9,6<span class=\"_ _6\"/>97</span>The net l<span class=\"_ _5\"/>oss on divestments o<span class=\"_ _5\"/>f \u20ac30.9 million is rela<span class=\"_ _b\"/>ted t<span class=\"_ _5\"/>o the gains and losses rec<span class=\"_ _5\"/>ognized on the disposal o<span class=\"_ _b\"/>f consolida<span class=\"_ _5\"/>ted entities in 20<span class=\"_ _5\"/>22 (see not<span class=\"_ _5\"/>e 6).<span class=\"_ _b\"/> No divestments o<span class=\"_ _5\"/>f consolida<span class=\"_ _5\"/>ted entities oc<span class=\"_ _5\"/>curred in 202<span class=\"_ _b\"/>1.<span class=\"_ _b\"/> The cat<span class=\"_ _5\"/>egory <span class=\"_ _b\"/>\u2018Other<span class=\"_ _6\"/>\u2019<span class=\"_ _b\"/> in 2022 included amongst<span class=\"_ _5\"/> others gov<span class=\"_ _5\"/>ernment gran<span class=\"_ _5\"/>ts mainly<span class=\"_ _5\"/> in China of<span class=\"_ _5\"/> \u20ac2.7 million (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _5\"/>.5 million),<span class=\"_ _b\"/> settlement<span class=\"_ _5\"/> agreemen<span class=\"_ _5\"/>ts relating <span class=\"_ _5\"/>to tr<span class=\"_ _5\"/>ansfer<span class=\"_ _5\"/> of<span class=\"_ _5\"/> staff t<span class=\"_ _b\"/>o a competitor<span class=\"_ _5\"/> of \u20ac3.6 mil<span class=\"_ _5\"/>lion and sever<span class=\"_ _5\"/>al other<span class=\"_ _5\"/> individuall<span class=\"_ _5\"/>y non-significant<span class=\"_ _5\"/> items.<span class=\"_ _b\"/> The 202<span class=\"_ _b\"/>1 result<span class=\"_ _5\"/> was impact<span class=\"_ _5\"/>ed by amongs<span class=\"_ _5\"/>t others r<span class=\"_ _5\"/>efunds of social charges paid on se<span class=\"_ _5\"/>verance pa<span class=\"_ _5\"/>yments made in <span class=\"_ _5\"/>the past o<span class=\"_ _5\"/>f \u20ac1<span class=\"_ _5\"/>.0 million,<span class=\"_ _b\"/> other <span class=\"_ _5\"/>tax refunds o<span class=\"_ _5\"/>f \u20ac1<span class=\"_ _5\"/>.4 million and sever<span class=\"_ _5\"/>al other<span class=\"_ _5\"/> individuall<span class=\"_ _5\"/>y non-significant<span class=\"_ _5\"/> items.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__116": {
   "value": "All employee-related costs as well as non-project-related out-of-pocket expenses and related restructuring costs, are recognized as operational cost as incurred.Operational costs include, amongst others, the costs of licenses, testing, data conversation and training costs relating to Cloud computing arrangements that do not provide control over an intangible asset. Part of these costs could be personnel costs if the activities are performed by Arcadis\u2019 personnel.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__30": {
   "value": "In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>021Salaries and wages<span class=\"_ _1a2\"> </span><span class=\"ws1\"> 1,854,014 <span class=\"_ _c3\"> </span><span class=\"lsef ws11c\"> 1,5<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,47<span class=\"_ _6\"/>3<span class=\"_ _6\"/> </span></span>Social charges<span class=\"_ _103\"> </span><span class=\"lsef ws11c\"> 2<span class=\"_ _6\"/>03<span class=\"_ _6\"/>,47<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _de\"> </span><span class=\"lsf5 ws117\"> 170<span class=\"_ _6\"/>,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>6<span class=\"_ _6\"/>5<span class=\"_ _7\"/> </span></span>Pension and earl<span class=\"_ _5\"/>y retir<span class=\"_ _5\"/>ement charges<span class=\"_ _207\"> </span><span class=\"ls119 ws17c\"> 86<span class=\"_ _6\"/>,857<span class=\"_ _6\"/> <span class=\"_ _13e\"> </span><span class=\"lsf7 ws17f\"> 74<span class=\"_ _7\"/>,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>8<span class=\"_ _6\"/>1<span class=\"_ _7\"/> </span></span>Other personnel cos<span class=\"_ _5\"/>ts (including tempor<span class=\"_ _5\"/>ar<span class=\"_ _6\"/>y labor)<span class=\"_ _10\"> </span><span class=\"lsfc ws11b\"> 218<span class=\"_ _6\"/>,<span class=\"_ _6\"/>78<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _194\"> </span><span class=\"lsf5 ws117\"> 170<span class=\"_ _7\"/>,4<span class=\"_ _6\"/>12<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal Personnel c<span class=\"_ _5\"/>osts<span class=\"_ _203\"> </span><span class=\"wsac\">2<span class=\"_ _6\"/>,363<span class=\"_ _6\"/>,129<span class=\"_ _e4\"> </span>1,995,931</span>1 Resta<span class=\"_ _5\"/>ted in accor<span class=\"_ _5\"/>dance with IAS 8, see no<span class=\"_ _5\"/>te 3In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>021Comput<span class=\"_ _5\"/>er relat<span class=\"_ _5\"/>ed<span class=\"_ _1a7\"> </span><span class=\"lsed ws163\"> 9<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>1<span class=\"_ _6\"/>4<span class=\"_ _7\"/> <span class=\"_ _18a\"> </span><span class=\"ls164 ws197\"> 91<span class=\"_ _b\"/>,906 </span></span>Audit and consul<span class=\"_ _b\"/>tanc<span class=\"_ _6\"/>y services<span class=\"_ _208\"> </span><span class=\"ls12d ws116\"> 61,0<span class=\"_ _6\"/>3<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _38\"> </span><span class=\"lsed ws163\"> 4<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>2<span class=\"_ _6\"/>7<span class=\"_ _7\"/>3<span class=\"_ _7\"/> </span></span>Occupancy<span class=\"_ _1ca\"> </span><span class=\"ls3 ws137\"> 30,<span class=\"_ _5\"/>31<span class=\"_ _b\"/>7 <span class=\"_ _18a\"> </span><span class=\"lsf0 ws15c\"> 24<span class=\"_ _6\"/>,6<span class=\"_ _7\"/>86<span class=\"_ _6\"/> </span></span>T<span class=\"_ _5\"/>ravel<span class=\"_ _1ef\"> </span><span class=\"lsef ws11c\"> 23<span class=\"_ _6\"/>,47<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span><span class=\"lsec ws112\"> 10<span class=\"_ _6\"/>,6<span class=\"_ _7\"/>43 </span></span>Insurances<span class=\"_ _209\"> </span><span class=\"lsed ws163\"> 17,<span class=\"_ _7\"/>3<span class=\"_ _7\"/>2<span class=\"_ _6\"/>7<span class=\"_ _7\"/> <span class=\"_ _38\"> </span><span class=\"ls10e ws111\"> 11,<span class=\"_ _7\"/>4<span class=\"_ _6\"/>3<span class=\"_ _6\"/>2<span class=\"_ _7\"/> </span></span>Office relat<span class=\"_ _5\"/>ed<span class=\"_ _20a\"> </span><span class=\"lsfb ws134\"> 14<span class=\"_ _6\"/>,<span class=\"_ _6\"/>19<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _13e\"> </span><span class=\"lsee ws11e\"> 14<span class=\"_ _7\"/>,13<span class=\"_ _6\"/>1<span class=\"_ _6\"/> </span></span>Marketing and a<span class=\"_ _5\"/>dvertising<span class=\"_ _203\"> </span> 9,477 <span class=\"_ _8d\"> </span><span class=\"ls13b ws198\"> 7<span class=\"_ _0\"/>,080 </span>Other<span class=\"_ _1e3\"> </span><span class=\"ls127 ws184\"> 4<span class=\"_ _6\"/>4,73<span class=\"_ _6\"/>6 <span class=\"_ _a0\"> </span></span><span class=\"ws1\"> 33,251 </span>T<span class=\"_ _b\"/>otal Other oper<span class=\"_ _5\"/>ational cos<span class=\"_ _5\"/>ts<span class=\"_ _208\"> </span><span class=\"ls147 ws163\">2<span class=\"_ _6\"/>9<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>7<span class=\"_ _7\"/>7<span class=\"_ _29\"> </span><span class=\"ls165 ws194\">2<span class=\"_ _5\"/>40,<span class=\"_ _5\"/>402</span></span>The cat<span class=\"_ _5\"/>egory <span class=\"_ _b\"/>\u2018<span class=\"_ _b\"/>Audit and consul<span class=\"_ _5\"/>tancy costs<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> amounts to \u20ac6<span class=\"_ _b\"/>1 million,<span class=\"_ _b\"/> expense (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac47<span class=\"_ _0\"/>.3 million,<span class=\"_ _b\"/> expense),<span class=\"_ _b\"/> increasing mainl<span class=\"_ _5\"/>y with M&amp;A rela<span class=\"_ _5\"/>ted c<span class=\"_ _5\"/>osts incurred.The cat<span class=\"_ _5\"/>egory <span class=\"_ _b\"/>\u2018<span class=\"_ _6\"/>T<span class=\"_ _b\"/>ravel<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> of \u20ac23.5 mil<span class=\"_ _5\"/>lion,<span class=\"_ _b\"/> expense (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac10.6 million,<span class=\"_ _b\"/> expense) re<span class=\"_ _5\"/>flects normalization o<span class=\"_ _5\"/>f these costs <span class=\"_ _5\"/>whether 20<span class=\"_ _5\"/>21 <span class=\"_ _5\"/>was still impa<span class=\"_ _5\"/>cted by <span class=\"ls15e ws199\">COVID<span class=\"_ _6\"/></span>-1<span class=\"_ _5\"/>9 restrictions.<span class=\"_ _5\"/> The cat<span class=\"_ _5\"/>egory <span class=\"_ _b\"/>\u2018Other<span class=\"_ _6\"/>\u2019<span class=\"_ _b\"/> included in 2022,<span class=\"_ _b\"/> amongst o<span class=\"_ _b\"/>thers:<span class=\"_ _6\"/> \u2022<span class=\"_ _96\"> </span><span class=\"fc6\">the impact of<span class=\"_ _5\"/> changes in provisions <span class=\"_ _5\"/>for <span class=\"_ _5\"/>trade r<span class=\"_ _5\"/>eceivables (expect<span class=\"_ _5\"/>ed credit l<span class=\"_ _5\"/>oss) of \u20ac0.4 mil<span class=\"_ _5\"/>lion,<span class=\"_ _5\"/> expense </span>(202<span class=\"_ _b\"/>1: \u20ac2.8 mil<span class=\"_ _5\"/>lion,<span class=\"_ _b\"/> expense) (see note 2<span class=\"_ _b\"/>1); \u2022<span class=\"_ _96\"> </span><span class=\"fc6\">restructuring provision o<span class=\"_ _5\"/>f \u20ac3 million,<span class=\"_ _0\"/> expense (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac4.8 million,<span class=\"_ _b\"/> expense); </span>\u2022<span class=\"_ _96\"> </span><span class=\"fc6\">litigation pro<span class=\"_ _5\"/>visions of \u20ac5.8 mil<span class=\"_ _5\"/>lion,<span class=\"_ _b\"/> expense (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac8.6 million,<span class=\"_ _5\"/> expense) (see no<span class=\"_ _5\"/>te 29); </span>\u2022<span class=\"_ _96\"> </span><span class=\"fc6\">membership and licenses renew<span class=\"_ _5\"/>als of<span class=\"_ _5\"/> \u20ac6.7 million,<span class=\"_ _b\"/> expense (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac3.5 million,<span class=\"_ _b\"/> expense); </span>\u2022<span class=\"_ _96\"> </span><span class=\"fc6\">cost o<span class=\"_ _b\"/>f equipment o<span class=\"_ _5\"/>f \u20ac5.3 million,<span class=\"_ _b\"/> expense (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac4.5 million,<span class=\"_ _5\"/> expense).</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__29": {
   "value": "In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Salaries and wages<span class=\"_ _1a2\"> </span><span class=\"ws1\"> 1,854,014 <span class=\"_ _c3\"> </span><span class=\"lsef ws11c\"> 1,5<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,47<span class=\"_ _6\"/>3<span class=\"_ _6\"/> </span></span>Social charges<span class=\"_ _103\"> </span><span class=\"lsef ws11c\"> 2<span class=\"_ _6\"/>03<span class=\"_ _6\"/>,47<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _de\"> </span><span class=\"lsf5 ws117\"> 170<span class=\"_ _6\"/>,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>6<span class=\"_ _6\"/>5<span class=\"_ _7\"/> </span></span>Pension and earl<span class=\"_ _5\"/>y retir<span class=\"_ _5\"/>ement charges<span class=\"_ _207\"> </span><span class=\"ls119 ws17c\"> 86<span class=\"_ _6\"/>,857<span class=\"_ _6\"/> <span class=\"_ _13e\"> </span><span class=\"lsf7 ws17f\"> 74<span class=\"_ _7\"/>,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>8<span class=\"_ _6\"/>1<span class=\"_ _7\"/> </span></span>Other personnel cos<span class=\"_ _5\"/>ts (including tempor<span class=\"_ _5\"/>ar<span class=\"_ _6\"/>y labor)<span class=\"_ _10\"> </span><span class=\"lsfc ws11b\"> 218<span class=\"_ _6\"/>,<span class=\"_ _6\"/>78<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _194\"> </span><span class=\"lsf5 ws117\"> 170<span class=\"_ _7\"/>,4<span class=\"_ _6\"/>12<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal Personnel c<span class=\"_ _5\"/>osts<span class=\"_ _203\"> </span><span class=\"wsac\">2<span class=\"_ _6\"/>,363<span class=\"_ _6\"/>,129<span class=\"_ _e4\"> </span>1,995,931</span>1 Resta<span class=\"_ _5\"/>ted in accor<span class=\"_ _5\"/>dance with IAS 8, see no<span class=\"_ _5\"/>te 3In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Comput<span class=\"_ _5\"/>er relat<span class=\"_ _5\"/>ed<span class=\"_ _1a7\"> </span><span class=\"lsed ws163\"> 9<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>1<span class=\"_ _6\"/>4<span class=\"_ _7\"/> <span class=\"_ _18a\"> </span><span class=\"ls164 ws197\"> 91<span class=\"_ _b\"/>,906 </span></span>Audit and consul<span class=\"_ _b\"/>tanc<span class=\"_ _6\"/>y services<span class=\"_ _208\"> </span><span class=\"ls12d ws116\"> 61,0<span class=\"_ _6\"/>3<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _38\"> </span><span class=\"lsed ws163\"> 4<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>2<span class=\"_ _6\"/>7<span class=\"_ _7\"/>3<span class=\"_ _7\"/> </span></span>Occupancy<span class=\"_ _1ca\"> </span><span class=\"ls3 ws137\"> 30,<span class=\"_ _5\"/>31<span class=\"_ _b\"/>7 <span class=\"_ _18a\"> </span><span class=\"lsf0 ws15c\"> 24<span class=\"_ _6\"/>,6<span class=\"_ _7\"/>86<span class=\"_ _6\"/> </span></span>T<span class=\"_ _5\"/>ravel<span class=\"_ _1ef\"> </span><span class=\"lsef ws11c\"> 23<span class=\"_ _6\"/>,47<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span><span class=\"lsec ws112\"> 10<span class=\"_ _6\"/>,6<span class=\"_ _7\"/>43 </span></span>Insurances<span class=\"_ _209\"> </span><span class=\"lsed ws163\"> 17,<span class=\"_ _7\"/>3<span class=\"_ _7\"/>2<span class=\"_ _6\"/>7<span class=\"_ _7\"/> <span class=\"_ _38\"> </span><span class=\"ls10e ws111\"> 11,<span class=\"_ _7\"/>4<span class=\"_ _6\"/>3<span class=\"_ _6\"/>2<span class=\"_ _7\"/> </span></span>Office relat<span class=\"_ _5\"/>ed<span class=\"_ _20a\"> </span><span class=\"lsfb ws134\"> 14<span class=\"_ _6\"/>,<span class=\"_ _6\"/>19<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _13e\"> </span><span class=\"lsee ws11e\"> 14<span class=\"_ _7\"/>,13<span class=\"_ _6\"/>1<span class=\"_ _6\"/> </span></span>Marketing and a<span class=\"_ _5\"/>dvertising<span class=\"_ _203\"> </span> 9,477 <span class=\"_ _8d\"> </span><span class=\"ls13b ws198\"> 7<span class=\"_ _0\"/>,080 </span>Other<span class=\"_ _1e3\"> </span><span class=\"ls127 ws184\"> 4<span class=\"_ _6\"/>4,73<span class=\"_ _6\"/>6 <span class=\"_ _a0\"> </span></span><span class=\"ws1\"> 33,251 </span>T<span class=\"_ _b\"/>otal Other oper<span class=\"_ _5\"/>ational cos<span class=\"_ _5\"/>ts<span class=\"_ _208\"> </span><span class=\"ls147 ws163\">2<span class=\"_ _6\"/>9<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>7<span class=\"_ _7\"/>7<span class=\"_ _29\"> </span><span class=\"ls165 ws194\">2<span class=\"_ _5\"/>40,<span class=\"_ _5\"/>402</span></span>The cat<span class=\"_ _5\"/>egory <span class=\"_ _b\"/>\u2018<span class=\"_ _b\"/>Audit and consul<span class=\"_ _5\"/>tancy costs<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> amounts to \u20ac6<span class=\"_ _b\"/>1 million,<span class=\"_ _b\"/> expense (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac47<span class=\"_ _0\"/>.3 million,<span class=\"_ _b\"/> expense),<span class=\"_ _b\"/> increasing mainl<span class=\"_ _5\"/>y with M&amp;A rela<span class=\"_ _5\"/>ted c<span class=\"_ _5\"/>osts incurred.The cat<span class=\"_ _5\"/>egory <span class=\"_ _b\"/>\u2018<span class=\"_ _6\"/>T<span class=\"_ _b\"/>ravel<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> of \u20ac23.5 mil<span class=\"_ _5\"/>lion,<span class=\"_ _b\"/> expense (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac10.6 million,<span class=\"_ _b\"/> expense) re<span class=\"_ _5\"/>flects normalization o<span class=\"_ _5\"/>f these costs <span class=\"_ _5\"/>whether 20<span class=\"_ _5\"/>21 <span class=\"_ _5\"/>was still impa<span class=\"_ _5\"/>cted by <span class=\"ls15e ws199\">COVID<span class=\"_ _6\"/></span>-1<span class=\"_ _5\"/>9 restrictions.<span class=\"_ _5\"/> The cat<span class=\"_ _5\"/>egory <span class=\"_ _b\"/>\u2018Other<span class=\"_ _6\"/>\u2019<span class=\"_ _b\"/> included in 2022,<span class=\"_ _b\"/> amongst o<span class=\"_ _b\"/>thers:<span class=\"_ _6\"/> \u2022<span class=\"_ _96\"> </span><span class=\"fc6\">the impact of<span class=\"_ _5\"/> changes in provisions <span class=\"_ _5\"/>for <span class=\"_ _5\"/>trade r<span class=\"_ _5\"/>eceivables (expect<span class=\"_ _5\"/>ed credit l<span class=\"_ _5\"/>oss) of \u20ac0.4 mil<span class=\"_ _5\"/>lion,<span class=\"_ _5\"/> expense </span>(202<span class=\"_ _b\"/>1: \u20ac2.8 mil<span class=\"_ _5\"/>lion,<span class=\"_ _b\"/> expense) (see note 2<span class=\"_ _b\"/>1); \u2022<span class=\"_ _96\"> </span><span class=\"fc6\">restructuring provision o<span class=\"_ _5\"/>f \u20ac3 million,<span class=\"_ _0\"/> expense (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac4.8 million,<span class=\"_ _b\"/> expense); </span>\u2022<span class=\"_ _96\"> </span><span class=\"fc6\">litigation pro<span class=\"_ _5\"/>visions of \u20ac5.8 mil<span class=\"_ _5\"/>lion,<span class=\"_ _b\"/> expense (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac8.6 million,<span class=\"_ _5\"/> expense) (see no<span class=\"_ _5\"/>te 29); </span>\u2022<span class=\"_ _96\"> </span><span class=\"fc6\">membership and licenses renew<span class=\"_ _5\"/>als of<span class=\"_ _5\"/> \u20ac6.7 million,<span class=\"_ _b\"/> expense (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac3.5 million,<span class=\"_ _b\"/> expense); </span>\u2022<span class=\"_ _96\"> </span><span class=\"fc6\">cost o<span class=\"_ _b\"/>f equipment o<span class=\"_ _5\"/>f \u20ac5.3 million,<span class=\"_ _b\"/> expense (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac4.5 million,<span class=\"_ _5\"/> expense).</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__118": {
   "value": "The Company operates share-based incentive plans. The fair value of equity-settled compensations at grant date under the Arcadis long-term incentive plan is recognized as an employee expense (in Salaries and wages), with a corresponding increase in equity, over the vesting period. The amount recognized as an expense is adjusted to reflect the actual number of awards for which the related service and non-market performance conditions are expected to be met, such that the amount ultimately recognized as expense is based on the actual number of awards meeting these vesting conditions.The fair value of granted shares subject to a market condition is measured using a Monte Carlo simulation model. Measurement inputs include the share price on measurement date, the expected volatility, weighted average expected life of the instrument and the risk-free interest rate.As the fair value is amortized over the vesting period, the costs are recognized in the Income Statement. The amortization costs are adjusted for effects of cancelled and forfeited grants. The vesting and exercise of rights to acquire shares may be conditional to performance conditions and other conditions, as set by the Supervisory Board.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__31": {
   "value": "Long-<span class=\"_ _0\"/>T<span class=\"_ _b\"/>erm Incentiv<span class=\"_ _5\"/>e PlansT<span class=\"_ _b\"/>o stimula<span class=\"_ _5\"/>te the r<span class=\"_ _5\"/>ealization o<span class=\"_ _5\"/>f long-<span class=\"_ _5\"/>term C<span class=\"_ _5\"/>ompany goals and objectives,<span class=\"_ _0\"/> Arcadis NV uses L<span class=\"_ _5\"/>ong-<span class=\"_ _b\"/>T<span class=\"_ _b\"/>erm Incentive Plans (L<span class=\"_ _0\"/>TIPs).<span class=\"_ _b\"/> Since 201<span class=\"_ _b\"/>4,<span class=\"_ _5\"/> securities under L<span class=\"_ _0\"/>TIPs are solel<span class=\"_ _b\"/>y grant<span class=\"_ _5\"/>ed in the f<span class=\"_ _5\"/>orm of<span class=\"_ _5\"/> Restricted Shar<span class=\"_ _5\"/>e Units (RSUs) and represen<span class=\"_ _5\"/>t an equal number o<span class=\"_ _b\"/>f ordinary shares,<span class=\"_ _b\"/> subject to mee<span class=\"_ _5\"/>ting the applicable <span class=\"_ _5\"/>vesting conditions.<span class=\"_ _b\"/> The RSUs wil<span class=\"_ _5\"/>l be converted in<span class=\"_ _5\"/>to ordinary shares on <span class=\"_ _5\"/>the ves<span class=\"_ _5\"/>ting dat<span class=\"_ _5\"/>e and are delivered as soon as practical ther<span class=\"_ _5\"/>eafter<span class=\"_ _0\"/>.RSUs are gran<span class=\"_ _5\"/>ted conditiona<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y and depend on achieving/<span class=\"_ _b\"/>meeting certain conditions during the ves<span class=\"_ _5\"/>ting period.T<span class=\"_ _b\"/>o prev<span class=\"_ _5\"/>ent dilution,<span class=\"_ _0\"/> (a por<span class=\"_ _6\"/>tion of<span class=\"_ _6\"/>) the shares r<span class=\"_ _5\"/>equired t<span class=\"_ _5\"/>o meet the obliga<span class=\"_ _b\"/>tions from ex<span class=\"_ _5\"/>ercising L<span class=\"_ _0\"/>TIPs can be purchased by<span class=\"_ _5\"/> the Compan<span class=\"_ _5\"/>y (inst<span class=\"_ _5\"/>ead of<span class=\"_ _5\"/> issuing new shar<span class=\"_ _5\"/>es),<span class=\"_ _5\"/> with due consider<span class=\"_ _5\"/>ation t<span class=\"_ _b\"/>o the Company\u2019s balanc<span class=\"_ _5\"/>e sheet,<span class=\"_ _b\"/> in particular availabl<span class=\"_ _5\"/>e freel<span class=\"_ _5\"/>y distributabl<span class=\"_ _5\"/>e reserves and availabl<span class=\"_ _5\"/>e cash.<span class=\"_ _b\"/> Alt<span class=\"_ _5\"/>ernativ<span class=\"_ _5\"/>ely<span class=\"_ _0\"/>,<span class=\"_ _5\"/> shares may<span class=\"_ _5\"/> be issued,<span class=\"_ _b\"/> whereby<span class=\"_ _5\"/> it is int<span class=\"_ _5\"/>ended to limit<span class=\"_ _5\"/> this t<span class=\"_ _b\"/>o 1% o<span class=\"_ _5\"/>f the number<span class=\"_ _5\"/> of<span class=\"_ _5\"/> issued shares.Arcadis NV<span class=\"_ _5\"/> 201<span class=\"_ _5\"/>0 Long-<span class=\"_ _0\"/>T<span class=\"_ _b\"/>erm Incentiv<span class=\"_ _5\"/>e PlansOptions and RSUs annua<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y grant<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o members of<span class=\"_ _5\"/> the Executiv<span class=\"_ _5\"/>e Board and selected senior<span class=\"_ _5\"/> executiv<span class=\"_ _5\"/>es were conditional and ha<span class=\"_ _5\"/>d a vesting period o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>three years.<span class=\"_ _0\"/> V<span class=\"_ _5\"/>esting was dependen<span class=\"_ _5\"/>t on performance crit<span class=\"_ _5\"/>eria set <span class=\"_ _5\"/>forth in advanc<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The granting o<span class=\"_ _5\"/>f such op<span class=\"_ _5\"/>tions and RSUs took<span class=\"_ _5\"/> place ea<span class=\"_ _5\"/>ch year on or<span class=\"_ _5\"/> about the sec<span class=\"_ _5\"/>ond day a<span class=\"_ _5\"/>fter <span class=\"_ _5\"/>the Annual Genera<span class=\"_ _5\"/>l Meeting of<span class=\"_ _5\"/> Shareholders,<span class=\"_ _b\"/> whereb<span class=\"_ _5\"/>y the ex<span class=\"_ _b\"/>ercise price f<span class=\"_ _5\"/>or the op<span class=\"_ _5\"/>tions mat<span class=\"_ _5\"/>ched the closing price o<span class=\"_ _5\"/>f Arca<span class=\"_ _5\"/>dis NV shares on <span class=\"_ _5\"/>the day o<span class=\"_ _b\"/>f the grant.In 201<span class=\"_ _b\"/>3,<span class=\"_ _b\"/> the last a<span class=\"_ _5\"/>wards <span class=\"_ _5\"/>which will expir<span class=\"_ _5\"/>e in 2023 w<span class=\"_ _5\"/>ere grant<span class=\"_ _b\"/>ed.Arcadis NV<span class=\"_ _5\"/> 201<span class=\"_ _b\"/>4 Long-<span class=\"_ _0\"/>T<span class=\"_ _b\"/>erm Incentive PlanIn 201<span class=\"_ _b\"/>4,<span class=\"_ _5\"/> the Supervisor<span class=\"_ _6\"/>y Board appr<span class=\"_ _5\"/>oved the c<span class=\"_ _5\"/>ontinuation o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the Arcadis NV<span class=\"_ _5\"/> 201<span class=\"_ _5\"/>0 Long-<span class=\"_ _0\"/>T<span class=\"_ _b\"/>erm Incentive Plan in the <span class=\"_ _5\"/>form of<span class=\"_ _5\"/> the Ar<span class=\"_ _5\"/>cadis NV 20<span class=\"_ _5\"/>1<span class=\"_ _5\"/>4 Long-<span class=\"_ _0\"/>T<span class=\"_ _b\"/>erm Incentive Plan (201<span class=\"_ _b\"/>4 L<span class=\"_ _0\"/>TIP).<span class=\"_ _5\"/> The re<span class=\"_ _5\"/>vised Plan was appr<span class=\"_ _5\"/>oved by the General Mee<span class=\"_ _5\"/>ting of Shar<span class=\"_ _5\"/>eholders in May<span class=\"_ _5\"/> 201<span class=\"_ _b\"/>4.Shares gran<span class=\"_ _5\"/>ted are c<span class=\"_ _5\"/>onditional in natur<span class=\"_ _5\"/>e and depend on,<span class=\"_ _5\"/> amongst o<span class=\"_ _b\"/>thers,<span class=\"_ _5\"/> attaining a performance measur<span class=\"_ _5\"/>e<span class=\"_ _6\"/> after<span class=\"_ _5\"/> three <span class=\"_ _5\"/>years.<span class=\"_ _b\"/> The performance measure is <span class=\"_ _5\"/>T<span class=\"_ _b\"/>otal Sharehol<span class=\"_ _5\"/>der Re<span class=\"_ _5\"/>turn (TSR),<span class=\"_ _5\"/> defined as stock<span class=\"_ _5\"/> price apprecia<span class=\"_ _5\"/>tion plus dividend yield.In 202<span class=\"_ _b\"/>1,<span class=\"_ _b\"/> the last a<span class=\"_ _b\"/>wards made in 201<span class=\"_ _b\"/>8 under 201<span class=\"_ _b\"/>4 L<span class=\"_ _0\"/>TIP ves<span class=\"_ _5\"/>ted.Arcadis NV<span class=\"_ _5\"/> 201<span class=\"_ _b\"/>9 Long-<span class=\"_ _b\"/>T<span class=\"_ _0\"/>erm Incentive PlanIn April 20<span class=\"_ _5\"/>19<span class=\"_ _5\"/>,<span class=\"_ _b\"/> the Arcadis NV<span class=\"_ _5\"/> 201<span class=\"_ _b\"/>9 Long-<span class=\"_ _b\"/>T<span class=\"_ _b\"/>erm Incentive Plan <span class=\"_ _5\"/>was approv<span class=\"_ _5\"/>ed by the <span class=\"_ _5\"/>Annual Genera<span class=\"_ _5\"/>l Meeting.<span class=\"_ _5\"/> Based on this plan <span class=\"_ _5\"/>the Company can gr<span class=\"_ _5\"/>ant equity<span class=\"_ _5\"/>-settled and cash-se<span class=\"_ _5\"/>ttled aw<span class=\"_ _5\"/>ards t<span class=\"_ _5\"/>o eligible employ<span class=\"_ _5\"/>ees.<span class=\"_ _5\"/> Conditional performanc<span class=\"_ _5\"/>e shares grant<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o Executive Boar<span class=\"_ _5\"/>d members must be hel<span class=\"_ _5\"/>d for<span class=\"_ _5\"/> two more <span class=\"_ _5\"/>years aft<span class=\"_ _5\"/>er vesting. In <span class=\"_ _6\"/>summary the foll<span class=\"_ _5\"/>owing applies to these grants:\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Annual gran<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o Executive Boar<span class=\"_ _5\"/>d (EB) and Executive L<span class=\"_ _5\"/>eadership T<span class=\"_ _0\"/>eam (EL<span class=\"_ _0\"/>T) members: subjec<span class=\"_ _6\"/>t t<span class=\"_ _5\"/>o </span>continued empl<span class=\"_ _5\"/>oyment during <span class=\"_ _5\"/>the ves<span class=\"_ _5\"/>ting period of <span class=\"_ _5\"/>three y<span class=\"_ _5\"/>ears,<span class=\"_ _5\"/> and achieving performanc<span class=\"_ _5\"/>e conditions (1<span class=\"_ _b\"/>/3 T<span class=\"_ _b\"/>otal Shar<span class=\"_ _5\"/>eholder Re<span class=\"_ _5\"/>turn,<span class=\"_ _b\"/> 1/3 Earnings per<span class=\"_ _5\"/> share and 1<span class=\"_ _b\"/>/3 sustainability)\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Annual gran<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o other<span class=\"_ _5\"/> employees: subject <span class=\"_ _5\"/>to con<span class=\"_ _5\"/>tinued employment<span class=\"_ _5\"/> during the v<span class=\"_ _5\"/>esting period of<span class=\"_ _5\"/> three </span>years; no performance c<span class=\"_ _5\"/>onditionsF<span class=\"_ _5\"/>or EB and EL<span class=\"_ _0\"/>T members,<span class=\"_ _b\"/> the position o<span class=\"_ _5\"/>f Arca<span class=\"_ _5\"/>dis within the peer<span class=\"_ _5\"/> group,<span class=\"_ _b\"/> after<span class=\"_ _5\"/> three <span class=\"_ _5\"/>years,<span class=\"_ _b\"/> determines the <span class=\"_ _5\"/>final number o<span class=\"_ _5\"/>f shares subject <span class=\"_ _5\"/>to meeting a <span class=\"_ _5\"/>T<span class=\"_ _b\"/>otal Shar<span class=\"_ _5\"/>eholder R<span class=\"_ _5\"/>eturn condition (1<span class=\"_ _b\"/>/3) tha<span class=\"_ _5\"/>t v<span class=\"_ _5\"/>est and bec<span class=\"_ _5\"/>ome unconditional,<span class=\"_ _b\"/> in <span class=\"_ _6\"/>accor<span class=\"_ _5\"/>dance with the fol<span class=\"_ _5\"/>lowing performance incentive z<span class=\"_ _5\"/>one:RSUs that<span class=\"_ _5\"/> vest f<span class=\"_ _5\"/>or EB/EL<span class=\"_ _b\"/>TRanking<span class=\"_ _20b\"> </span>14<span class=\"_ _7\"/>-8<span class=\"_ _c3\"> </span><span class=\"ls3 ws1\">7<span class=\"_ _a8\"> </span>6<span class=\"_ _e3\"> </span>5<span class=\"_ _a8\"> </span>4<span class=\"_ _e3\"> </span>3<span class=\"_ _a8\"> </span>2<span class=\"_ _e3\"> </span>1</span>V<span class=\"_ _5\"/>esting<span class=\"_ _1b\"> </span>0%<span class=\"_ _147\"> </span>50%<span class=\"_ _b0\"> </span>75%<span class=\"_ _ce\"> </span>10<span class=\"_ _6\"/>0<span class=\"_ _6\"/>%<span class=\"_ _cf\"> </span>125<span class=\"_ _6\"/>%<span class=\"_ _20c\"> </span>15<span class=\"_ _6\"/>0<span class=\"_ _6\"/>%<span class=\"_ _cf\"> </span><span class=\"lsf5 ws111\">17<span class=\"_ _6\"/>5<span class=\"_ _6\"/>%<span class=\"_ _ce\"> </span><span class=\"ls5b ws5b\">20<span class=\"_ _6\"/>0<span class=\"_ _6\"/>%</span></span>Outstanding op<span class=\"_ _5\"/>tionsThe number and <span class=\"_ _5\"/>weighted a<span class=\"_ _b\"/>verage ex<span class=\"_ _5\"/>ercise price o<span class=\"_ _5\"/>f the shar<span class=\"_ _5\"/>e options under <span class=\"_ _5\"/>the 201<span class=\"_ _5\"/>0 Arca<span class=\"_ _5\"/>dis L<span class=\"_ _0\"/>TIPs are as follows:Number o<span class=\"_ _5\"/>fW<span class=\"_ _5\"/>eighted a<span class=\"_ _5\"/>verage optionsexer<span class=\"_ _5\"/>cise price (in \u20ac)Balance a<span class=\"_ _5\"/>t 1 January 2021 <span class=\"_ _100\"> </span><span class=\"lsfc ws11b\"> 6<span class=\"_ _7\"/>68<span class=\"_ _7\"/>,3<span class=\"_ _6\"/>51<span class=\"_ _6\"/> <span class=\"_ _9b\"> </span><span class=\"ls166 ws19a\">1<span class=\"_ _6\"/>7.<span class=\"_ _7\"/>3<span class=\"_ _6\"/>7</span></span>Exercised<span class=\"_ _1dc\"> </span><span class=\"ws1\"> (3<span class=\"_ _6\"/>82,704)<span class=\"_ _20\"> </span><span class=\"ls3 ws137\"> 1<span class=\"_ _5\"/>7<span class=\"_ _b\"/>.30 </span></span>Expired<span class=\"_ _1da\"> </span><span class=\"ws1\"> (181,601<span class=\"_ _5\"/>)<span class=\"_ _176\"> </span><span class=\"lsef ws11c\"> 16.<span class=\"_ _6\"/>8<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2021 <span class=\"_ _185\"> </span><span class=\"lsd0 wse8\">1<span class=\"_ _5\"/>04,046<span class=\"_ _1bb\"> </span><span class=\"lsfa ws43\"> 18.<span class=\"_ _6\"/>50<span class=\"_ _6\"/> </span></span>Exercised<span class=\"_ _20d\"> </span>(49,385)<span class=\"_ _42\"> </span><span class=\"lsed ws109\">17.<span class=\"_ _7\"/>41</span>Expired<span class=\"_ _1dd\"> </span>(1<span class=\"_ _5\"/>3,959)<span class=\"_ _9d\"> </span><span class=\"ls10f ws19b\">15<span class=\"_ _6\"/>.<span class=\"_ _6\"/>18<span class=\"_ _7\"/>   </span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _20e\"> </span><span class=\"lsfe ws11a\">4<span class=\"_ _6\"/>0,<span class=\"_ _6\"/>702<span class=\"_ _a1\"> </span></span><span class=\"wsac\">20.96</span>The weigh<span class=\"_ _5\"/>ted a<span class=\"_ _5\"/>verage shar<span class=\"_ _5\"/>e price at<span class=\"_ _5\"/> exer<span class=\"_ _5\"/>cise dat<span class=\"_ _5\"/>e in 2022 <span class=\"_ _5\"/>was \u20ac<span class=\"ls167 ws19c\">3<span class=\"_ _7\"/>8<span class=\"_ _7\"/>.<span class=\"_ _7\"/>74<span class=\"_ _7\"/></span> (202<span class=\"_ _b\"/>1: \u20ac3<span class=\"_ _5\"/>3.66).<span class=\"_ _5\"/> Part of <span class=\"_ _5\"/>the ex<span class=\"_ _5\"/>ercised options ha<span class=\"_ _5\"/>ve been settl<span class=\"_ _5\"/>ed in cash instea<span class=\"_ _5\"/>d of shar<span class=\"_ _5\"/>es.<span class=\"_ _5\"/> The number o<span class=\"_ _5\"/>f outstanding op<span class=\"_ _5\"/>tions at<span class=\"_ _5\"/> 31 December<span class=\"_ _5\"/> 2022 is as <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>ows:Share price a<span class=\"_ _5\"/>t <span class=\"_ _9\"/><span class=\"ls3\"> </span>Outstanding <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Exercised <span class=\"_ _1\"/><span class=\"ls3 ws1\"> </span>Expired <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Outstanding <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Y<span class=\"_ _b\"/>ear of issuegrant<span class=\"_ _5\"/> date1 January <span class=\"_ _6\"/>2022in 2022in 202231 December<span class=\"_ _5\"/> 20222<span class=\"_ _6\"/>0<span class=\"_ _6\"/>12<span class=\"_ _6\"/> <span class=\"_ _153\"> </span> \u20ac14.72 <span class=\"_ _49\"> </span> 7,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>1<span class=\"_ _7\"/>0<span class=\"_ _7\"/> <span class=\"_ _c4\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _c3\"> </span></span><span class=\"wsac\">(7<span class=\"_ _b\"/>,610)<span class=\"_ _20f\"> </span><span class=\"ls3 ws1\">-</span></span>2<span class=\"_ _6\"/>0<span class=\"_ _6\"/>12<span class=\"_ _6\"/> <span class=\"_ _210\"> </span> \u20ac15.7<span class=\"_ _b\"/>4 <span class=\"_ _39\"> </span><span class=\"lsf6 ws10f\"> 39,9<span class=\"_ _6\"/>6<span class=\"_ _6\"/>6 <span class=\"_ _63\"> </span></span><span class=\"wsac\">(33,6<span class=\"_ _5\"/>1<span class=\"_ _5\"/>7)<span class=\"_ _d9\"> </span>(6,3<span class=\"_ _6\"/>49)<span class=\"_ _20f\"> </span><span class=\"ls3 ws1\">-</span></span>2<span class=\"_ _6\"/>013<span class=\"_ _7\"/> <span class=\"_ _19f\"> </span> \u20ac20.96<span class=\"_ _6\"/> <span class=\"_ _4d\"> </span><span class=\"lsef ws11c\"> 5<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>470<span class=\"_ _6\"/> <span class=\"_ _d7\"> </span></span>(15,7<span class=\"_ _5\"/>68)<span class=\"_ _c4\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _52\"> </span><span class=\"lsf2 ws10e\">4<span class=\"_ _6\"/>0,<span class=\"_ _6\"/>702</span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _189\"> </span> 1<span class=\"_ _5\"/>04,046<span class=\"_ _5\"/> <span class=\"_ _d8\"> </span><span class=\"ls9d wsac\">(49,38<span class=\"_ _6\"/>5)<span class=\"_ _d8\"> </span>(1<span class=\"_ _5\"/>3,9<span class=\"_ _6\"/>59)<span class=\"_ _161\"> </span><span class=\"lsfe ws11a\">4<span class=\"_ _6\"/>0,<span class=\"_ _6\"/>702</span></span>Outstanding R<span class=\"_ _5\"/>estricted Share Unit<span class=\"_ _5\"/> (RSUs)In 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> the fol<span class=\"_ _5\"/>lowing number o<span class=\"_ _b\"/>f RSUs have been gr<span class=\"_ _5\"/>anted under<span class=\"_ _5\"/> the 201<span class=\"_ _b\"/>9 L<span class=\"_ _0\"/>TIP:Number o<span class=\"_ _5\"/>f Grant <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>V<span class=\"_ _5\"/>esting <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Share price<span class=\"ls3\"> </span>Fair value1RSUsdatedateat gr<span class=\"_ _6\"/>an<span class=\"_ _6\"/>t dateat gr<span class=\"_ _6\"/>an<span class=\"_ _6\"/>t dateAnnual grant<span class=\"_ _5\"/> EB/EL<span class=\"_ _0\"/>T<span class=\"_ _2e\"> </span><span class=\"ls128 ws18d\"> 73<span class=\"_ _6\"/>,387<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span></span>16 Ma<span class=\"_ _5\"/>y 2022<span class=\"_ _13b\"> </span>ex<span class=\"_ _b\"/>-<span class=\"_ _6\"/>dividend dat<span class=\"_ _5\"/>e 2025<span class=\"_ _d2\"> </span><span class=\"wsac\">\u20ac36.92<span class=\"_ _6e\"> </span></span>\u20ac35.29/ \u20ac35.14Annual grant<span class=\"_ _5\"/> other empl<span class=\"_ _5\"/>oyees<span class=\"_ _49\"> </span><span class=\"ls102 ws11a\"> 19<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>759<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span></span>16 May 20<span class=\"_ _5\"/>22<span class=\"_ _13b\"> </span>ex<span class=\"_ _5\"/>-dividend date 2025<span class=\"_ _c3\"> </span><span class=\"wsac\">\u20ac36<span class=\"_ _6\"/>.92<span class=\"_ _a0\"> </span>\u20ac35.14</span>Annual grant<span class=\"_ _5\"/> other empl<span class=\"_ _5\"/>oyees<span class=\"_ _7d\"> </span><span class=\"lsf1 ws10d\">563<span class=\"_ _b3\"> </span></span><span class=\"ws3c\">3 August 2022<span class=\"_ _13b\"> </span></span>ex<span class=\"_ _5\"/>-dividend date 2025<span class=\"_ _c3\"> </span>\u20ac33.64<span class=\"_ _13e\"> </span>\u20ac32.021 V<span class=\"_ _5\"/>esting is on the 5th business day<span class=\"_ _5\"/> after this da<span class=\"_ _5\"/>teThe fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue (\u20ac35.1<span class=\"_ _5\"/>4 and \u20ac32.0<span class=\"_ _5\"/>2) o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the RSUs grant<span class=\"_ _5\"/>ed to o<span class=\"_ _5\"/>ther emplo<span class=\"_ _5\"/>yees as part of<span class=\"_ _5\"/> the annual gran<span class=\"_ _5\"/>t and the RSUs grant<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o the EB and EL<span class=\"_ _0\"/>T members subject <span class=\"_ _5\"/>to meeting Earnings per<span class=\"_ _5\"/> share (1<span class=\"_ _b\"/>/3) and sustainability (1<span class=\"_ _b\"/>/3) conditions w<span class=\"_ _5\"/>ere det<span class=\"_ _5\"/>ermined by adjus<span class=\"_ _5\"/>ting the share pric<span class=\"_ _5\"/>e at <span class=\"_ _5\"/>the grant da<span class=\"_ _b\"/>te with the pr<span class=\"_ _5\"/>esent <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f dividends expected <span class=\"_ _5\"/>to be paid during the <span class=\"_ _5\"/>vesting period.<span class=\"_ _0\"/> The fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue (\u20ac35.29) o<span class=\"_ _5\"/>f RSUs gran<span class=\"_ _5\"/>ted t<span class=\"_ _5\"/>o EB and EL<span class=\"_ _0\"/>T members subject <span class=\"_ _5\"/>to meeting a <span class=\"_ _5\"/>T<span class=\"_ _b\"/>otal Shar<span class=\"_ _5\"/>eholder Re<span class=\"_ _5\"/>turn condition (1<span class=\"_ _b\"/>/3) was de<span class=\"_ _5\"/>termined using a Mont<span class=\"_ _b\"/>e<span class=\"_ _6\"/> Carlo simula<span class=\"_ _5\"/>tion model,<span class=\"_ _5\"/> which considers the mark<span class=\"_ _b\"/>et conditions expect<span class=\"_ _5\"/>ed to impa<span class=\"_ _5\"/>ct Arca<span class=\"_ _5\"/>dis\u2019<span class=\"_ _b\"/> TSR performance in rela<span class=\"_ _5\"/>tion t<span class=\"_ _5\"/>o the peer gr<span class=\"_ _5\"/>oup,<span class=\"_ _b\"/> and the f<span class=\"_ _5\"/>ollowing assump<span class=\"_ _5\"/>tions:2022<span class=\"_ _109\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span> Expected dividend yiel<span class=\"_ _5\"/>d (in %) <span class=\"_ _73\"> </span><span class=\"lsfc ws118\">1.<span class=\"_ _6\"/>7<span class=\"_ _133\"> </span>1.<span class=\"_ _6\"/>4<span class=\"_ _6\"/>8</span> Risk-<span class=\"_ _5\"/>free inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te (in %) <span class=\"_ _211\"> </span><span class=\"lsfc ws118\">1.2<span class=\"_ _6\"/>2<span class=\"_ _4b\"> </span></span> (0<span class=\"_ _6\"/>.44) Expected v<span class=\"_ _5\"/>olatility (in %) <span class=\"_ _18d\"> </span><span class=\"lsf0 ws10c\">36<span class=\"_ _6\"/>.<span class=\"_ _6\"/>24<span class=\"_ _3b\"> </span><span class=\"lsf9 ws115\">3<span class=\"_ _7\"/>9.<span class=\"_ _6\"/>12</span></span>The expected <span class=\"_ _5\"/>volatility<span class=\"_ _5\"/> is calcula<span class=\"_ _5\"/>ted based on <span class=\"_ _5\"/>the share price mov<span class=\"_ _5\"/>ements of<span class=\"_ _5\"/> the 36 months prior <span class=\"_ _5\"/>to gr<span class=\"_ _5\"/>ant da<span class=\"_ _5\"/>te.<span class=\"_ _b\"/> <span class=\"_ _9\"/> The t<span class=\"_ _5\"/>otal outs<span class=\"_ _5\"/>tanding RSUs at 3<span class=\"_ _b\"/>1 December 202<span class=\"_ _5\"/>2 is as fol<span class=\"_ _5\"/>lows:T<span class=\"_ _b\"/>otal amount to beexpensed over De/(In)crease b<span class=\"_ _5\"/>y Cancelled/Outstandingthe vesting period Fair<span class=\"_ _5\"/> value at<span class=\"ls3 ws1\"> </span>OutstandingGrant<span class=\"_ _5\"/>ed performance V<span class=\"_ _5\"/>estedforfeit<span class=\"_ _5\"/>ed 31 DecemberY<span class=\"_ _b\"/>ear of issue<span class=\"_ _212\"> </span><span class=\"fs7b fc1 ls9d wsac\">Grant<span class=\"_ _5\"/>ed<span class=\"_ _213\"> </span><span class=\"ws1\">Unconditional in </span></span>(in \u20ac)grant<span class=\"_ _5\"/> date1 January <span class=\"_ _6\"/>2022in 2022measure 2022in 2022in 202220222019 (29 April)<span class=\"_ _17c\"> </span><span class=\"lsef ws11c\"> 316,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>81<span class=\"_ _6\"/> <span class=\"_ _101\"> </span><span class=\"ls110 ws15c\">202<span class=\"_ _6\"/>2<span class=\"_ _e4\"> </span></span></span> 4,973,50<span class=\"_ _6\"/>9 <span class=\"_ _8b\"> </span>\u20ac15.72<span class=\"_ _18a\"> </span> 2<span class=\"_ _6\"/>15<span class=\"_ _7\"/>,<span class=\"_ _6\"/>175<span class=\"_ _7\"/> <span class=\"_ _1bb\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _2d\"> </span></span><span class=\"ls3\">-<span class=\"_ _29\"> </span></span><span class=\"wsac\">(206<span class=\"_ _6\"/>,441<span class=\"_ _5\"/>)<span class=\"_ _8d\"> </span>(8,73<span class=\"_ _6\"/>4)<span class=\"_ _9a\"> </span><span class=\"ls3 ws1\">-</span></span>2019 (29 April)<span class=\"_ _214\"> </span><span class=\"lsfc ws11b\"> 18<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,18<span class=\"_ _7\"/>0 <span class=\"_ _101\"> </span><span class=\"ls110 ws15c\">202<span class=\"_ _6\"/>2<span class=\"_ _14c\"> </span></span></span>4,26<span class=\"_ _6\"/>4,932<span class=\"_ _a9\"> </span><span class=\"ws1\">\u20ac21<span class=\"_ _5\"/>.45/ \u20ac1<span class=\"_ _5\"/>5.72<span class=\"_ _18a\"> </span> 1<span class=\"_ _5\"/>46<span class=\"_ _6\"/>,776 <span class=\"_ _1bb\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _38\"> </span><span class=\"lsf8 ws114\">1<span class=\"_ _6\"/>0<span class=\"_ _6\"/>3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>51<span class=\"_ _54\"> </span></span></span><span class=\"wsac\">(250,627)<span class=\"_ _1bb\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _2d\"> </span></span></span><span class=\"ls3\">-</span></span>2020 (8 May)<span class=\"_ _215\"> </span><span class=\"ls10e ws111\"> 114<span class=\"_ _7\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>1<span class=\"_ _7\"/>0<span class=\"_ _6\"/> <span class=\"_ _101\"> </span><span class=\"ls110 ws15c\">2023<span class=\"_ _db\"> </span></span></span><span class=\"wsac\">1,732,565<span class=\"_ _a5\"> </span></span>\u20ac12.1<span class=\"_ _5\"/>2/ \u20ac9.15<span class=\"_ _18a\"> </span> 11<span class=\"_ _6\"/>4<span class=\"_ _7\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>1<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _9d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _205\"> </span><span class=\"lsed ws109\">5<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>1<span class=\"_ _7\"/>0<span class=\"_ _7\"/>5<span class=\"_ _7\"/> <span class=\"_ _1bb\"> </span></span> - <span class=\"_ _19a\"> </span></span><span class=\"wsac\">(1<span class=\"_ _5\"/>7<span class=\"_ _b\"/>,518)<span class=\"_ _29\"> </span><span class=\"lsf5 ws111\">17<span class=\"_ _6\"/>1<span class=\"_ _6\"/>,<span class=\"_ _6\"/>31<span class=\"_ _6\"/>5</span></span>2020 (8 May)<span class=\"_ _216\"> </span><span class=\"lsd2 ws12b\"> 24<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>710<span class=\"_ _6\"/> <span class=\"_ _101\"> </span><span class=\"ls110 ws15c\">2023<span class=\"_ _e4\"> </span></span></span> 2,9<span class=\"_ _6\"/>65,8<span class=\"_ _6\"/>85 <span class=\"_ _159\"> </span>\u20ac12.1<span class=\"_ _b\"/>2<span class=\"_ _18a\"> </span> 1<span class=\"_ _6\"/>9<span class=\"_ _7\"/>0<span class=\"_ _6\"/>,<span class=\"_ _7\"/>5<span class=\"_ _6\"/>74<span class=\"_ _7\"/> <span class=\"_ _1bb\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _2d\"> </span><span class=\"ls3 ws1\">-<span class=\"_ _76\"> </span><span class=\"lsf5 ws111\">173<span class=\"_ _6\"/>,<span class=\"_ _7\"/>0<span class=\"_ _6\"/>5<span class=\"_ _6\"/>6</span></span>2020 (1<span class=\"_ _5\"/>4 September)<span class=\"_ _167\"> </span> 5<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>59<span class=\"_ _6\"/> <span class=\"_ _101\"> </span><span class=\"ls110 ws15c\">2023<span class=\"_ _46\"> </span><span class=\"lsee ws10a\">139<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>91<span class=\"_ _a8\"> </span></span></span>\u20ac18.22/ \u20ac17<span class=\"_ _0\"/>.82<span class=\"_ _4b\"> </span> 5<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>59<span class=\"_ _6\"/> <span class=\"_ _1bb\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _101\"> </span><span class=\"lsec ws108\">2,<span class=\"_ _6\"/>93<span class=\"_ _6\"/>0<span class=\"_ _a1\"> </span></span> - <span class=\"_ _51\"> </span></span><span class=\"wsac\">(13,07<span class=\"_ _b\"/>4)<span class=\"_ _19c\"> </span><span class=\"lsfe ws11a\">8<span class=\"_ _6\"/>,78<span class=\"_ _6\"/>9</span></span>2021 (3 Ma<span class=\"_ _5\"/>y)<span class=\"_ _131\"> </span> 253,371 <span class=\"_ _101\"> </span><span class=\"lsf0 ws10c\">2<span class=\"_ _6\"/>024<span class=\"_ _e4\"> </span></span> 8,535,9<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0 <span class=\"_ _50\"> </span>\u20ac33.14/ \u20ac38.4<span class=\"_ _6\"/>0<span class=\"_ _29\"> </span> 245<span class=\"_ _6\"/>,<span class=\"_ _6\"/>02<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _1bb\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _a1\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _13e\"> </span><span class=\"lsef ws10b\">2<span class=\"_ _6\"/>31,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>49</span></span>2021 (3 Ma<span class=\"_ _5\"/>y)<span class=\"_ _217\"> </span> 25,150 <span class=\"_ _101\"> </span><span class=\"ls110 ws15c\">2023<span class=\"_ _54\"> </span><span class=\"ws15f\"> 8<span class=\"_ _6\"/>45<span class=\"_ _6\"/>,5<span class=\"_ _6\"/>43 <span class=\"_ _102\"> </span></span></span><span class=\"wsac\">\u20ac33.62<span class=\"_ _c4\"> </span></span> 25,150 <span class=\"_ _1bb\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _42\"> </span> - <span class=\"_ _a1\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _4f\"> </span></span><span class=\"wsac\">25<span class=\"_ _6\"/>,150</span>2021 (4 August)<span class=\"_ _218\"> </span> 6,39<span class=\"_ _6\"/>4 <span class=\"_ _101\"> </span><span class=\"lsf0 ws10c\">2<span class=\"_ _6\"/>024<span class=\"_ _71\"> </span></span> 24<span class=\"_ _5\"/>2,077 <span class=\"_ _8b\"> </span>\u20ac37<span class=\"_ _b\"/>.8<span class=\"_ _6\"/>6<span class=\"_ _4b\"> </span><span class=\"ws1\"> 6,394<span class=\"_ _6\"/> <span class=\"_ _9d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _42\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _149\"> </span></span> 6<span class=\"_ _6\"/>,394<span class=\"_ _6\"/> </span>2021 (3 No<span class=\"_ _5\"/>vember)<span class=\"_ _219\"> </span> 1,0<span class=\"_ _6\"/>32<span class=\"_ _6\"/> <span class=\"_ _101\"> </span><span class=\"lsf0 ws10c\">2<span class=\"_ _6\"/>024<span class=\"_ _19a\"> </span><span class=\"lsfa ws43\"> 42,45<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _159\"> </span></span></span>\u20ac4<span class=\"_ _5\"/>1.1<span class=\"_ _5\"/>4<span class=\"_ _3b\"> </span><span class=\"lsef ws11c\"> 1,0<span class=\"_ _6\"/>32<span class=\"_ _6\"/> <span class=\"_ _9d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _42\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _109\"> </span></span><span class=\"ws10b\">1,03<span class=\"_ _6\"/>2</span></span>2022 (16 Ma<span class=\"_ _5\"/>y)<span class=\"_ _d\"> </span>73<span class=\"_ _6\"/>,387<span class=\"_ _58\"> </span><span class=\"ls110 ws15c\">2025<span class=\"_ _14c\"> </span><span class=\"lsf6 ws112\">2,58<span class=\"_ _6\"/>2,48<span class=\"_ _6\"/>9<span class=\"_ _b3\"> </span></span></span>\u20ac35.29/ \u20ac35.14<span class=\"_ _42\"> </span> - <span class=\"_ _4f\"> </span><span class=\"ls128 ws148\">7<span class=\"_ _6\"/>3,387<span class=\"_ _4a\"> </span></span>-<span class=\"_ _a1\"> </span><span class=\"ws18b\"> -<span class=\"_ _3e\"> </span> -<span class=\"_ _205\"> </span><span class=\"ls128 ws148\">73,3<span class=\"_ _6\"/>87</span></span>2022 (16 Ma<span class=\"_ _5\"/>y)<span class=\"_ _b1\"> </span> 19<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>759<span class=\"_ _6\"/> <span class=\"_ _101\"> </span><span class=\"ls110 ws15c\">202<span class=\"_ _6\"/>5<span class=\"_ _114\"> </span><span class=\"ls10e ws111\"> 6<span class=\"_ _7\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>1<span class=\"_ _6\"/>4<span class=\"_ _7\"/>,<span class=\"_ _6\"/>111<span class=\"_ _7\"/> <span class=\"_ _102\"> </span></span></span><span class=\"wsac\">\u20ac35.14<span class=\"_ _42\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _38\"> </span><span class=\"ls102 ws11e\">19<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>759<span class=\"_ _a1\"> </span></span> - <span class=\"_ _42\"> </span> - <span class=\"_ _3a\"> </span></span>(6,30<span class=\"_ _6\"/>6)<span class=\"_ _54\"> </span><span class=\"ls102 ws11e\">19<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>45<span class=\"_ _6\"/>3</span></span>2022 ( 3 August)<span class=\"_ _21a\"> </span>563<span class=\"_ _80\"> </span><span class=\"ls110 ws15c\">2<span class=\"_ _6\"/>025<span class=\"_ _56\"> </span><span class=\"lsfc ws118\">18<span class=\"_ _6\"/>,<span class=\"_ _6\"/>026<span class=\"_ _157\"> </span></span></span><span class=\"wsac\">\u20ac32.02<span class=\"_ _2d\"> </span></span>-<span class=\"_ _160\"> </span><span class=\"lsf1 ws10d\">563<span class=\"_ _42\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _42\"> </span> - <span class=\"_ _2d\"> </span> - <span class=\"_ _159\"> </span></span>563</span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _21b\"> </span> 950,1<span class=\"_ _5\"/>93 <span class=\"_ _54\"> </span>270<span class=\"_ _6\"/>,<span class=\"_ _6\"/>70<span class=\"_ _6\"/>9<span class=\"_ _57\"> </span>163<span class=\"_ _6\"/>,8<span class=\"_ _7\"/>86<span class=\"_ _de\"> </span><span class=\"ls9d wsac\">(457<span class=\"_ _b\"/>,0<span class=\"_ _6\"/>6<span class=\"_ _6\"/>8)<span class=\"_ _18a\"> </span>(4<span class=\"_ _6\"/>5,632)<span class=\"_ _194\"> </span><span class=\"ls141 ws16b\">882,088</span></span>L<span class=\"_ _3\"/>TIP costs r<span class=\"_ _5\"/>ecognized in 2022The t<span class=\"_ _5\"/>otal amoun<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o be expensed ov<span class=\"_ _5\"/>er the <span class=\"_ _5\"/>vesting period is calcula<span class=\"_ _b\"/>ted by <span class=\"_ _5\"/>taking the grant<span class=\"_ _b\"/>ed RSUs within a calendar<span class=\"_ _5\"/> year<span class=\"_ _5\"/> multiplied b<span class=\"_ _5\"/>y the <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue o<span class=\"_ _5\"/>f the RSUs a<span class=\"_ _5\"/>t gran<span class=\"_ _5\"/>t dat<span class=\"_ _b\"/>e and the expected v<span class=\"_ _5\"/>esting.<span class=\"_ _b\"/> This amount is expensed ov<span class=\"_ _5\"/>er the <span class=\"_ _5\"/>vesting period,<span class=\"_ _b\"/> whereby<span class=\"_ _5\"/> the cos<span class=\"_ _5\"/>ts recognized in a <span class=\"_ _5\"/>year a<span class=\"_ _5\"/>lso consider cancel<span class=\"_ _5\"/>lations and forfeitur<span class=\"_ _5\"/>es.<span class=\"_ _5\"/> The expect<span class=\"_ _5\"/>ed ves<span class=\"_ _5\"/>ting for<span class=\"_ _5\"/> RSUs with a T<span class=\"_ _0\"/>otal Shar<span class=\"_ _5\"/>eholder R<span class=\"_ _5\"/>eturn performance condition is alr<span class=\"_ _5\"/>eady taken int<span class=\"_ _5\"/>o account<span class=\"_ _5\"/> in the fair val<span class=\"_ _5\"/>ue.<span class=\"_ _b\"/> The expected <span class=\"_ _5\"/>vesting f<span class=\"_ _b\"/>or the RSUs grant<span class=\"_ _b\"/>ed in 2020 t<span class=\"_ _5\"/>o the Executiv<span class=\"_ _5\"/>e Board and Executiv<span class=\"_ _5\"/>e Leadership <span class=\"_ _5\"/>T<span class=\"_ _b\"/>eam<span class=\"_ _6\"/> subject t<span class=\"_ _5\"/>o the performance c<span class=\"_ _5\"/>onditions <span class=\"_ _5\"/>\u2018Earnings per share<span class=\"_ _b\"/>\u2019<span class=\"_ _5\"/> and <span class=\"_ _b\"/>\u2018Sustainability\u2019<span class=\"_ _5\"/> are estima<span class=\"_ _5\"/>ted a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 2022 a<span class=\"_ _5\"/>t 1<span class=\"_ _b\"/>50<span class=\"_ _6\"/>%.Costs <span class=\"_ _5\"/>for<span class=\"_ _5\"/> the L<span class=\"_ _0\"/>TIP are spr<span class=\"_ _5\"/>ead over<span class=\"_ _5\"/> the v<span class=\"_ _5\"/>esting period and included in <span class=\"_ _b\"/>\u2018Salaries and w<span class=\"_ _5\"/>ages\u2019<span class=\"_ _b\"/> (see not<span class=\"_ _5\"/>e 9).<span class=\"_ _b\"/> An amount o<span class=\"_ _b\"/>f \u20ac8.6 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac5.9 million) is included in the r<span class=\"_ _5\"/>esults o<span class=\"_ _5\"/>f 20<span class=\"_ _5\"/>22 for<span class=\"_ _5\"/> the share-based compensa<span class=\"_ _5\"/>tion grant<span class=\"_ _5\"/>ed in the period 201<span class=\"_ _b\"/>9 <span class=\"_ _5\"/>-<span class=\"_ _b\"/> 2022.<span class=\"_ _b\"/> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__121": {
   "value": "Net finance expenses comprise finance income, finance expenses and the fair value change of derivatives at fair value through profit or loss. Finance income comprises interest income on funds invested and finance expenses comprise interest expense on borrowings, and the unwinding of discount on provisions and contingent consideration.Finance income and finance expenses are recognized in profit or loss, using the effective interest method. The fair value changes of derivatives comprise the fair value changes on financial assets at fair value through profit or loss, as far as these relate to financing items in the Company. These fair value changes are partially offset by the foreign currency gains and losses.Foreign currency gains and losses are reported on a net basis as either finance income or finance expense if it concerns exchange rate results on financing items. Exchange rate results on operating items are included in Other operational costs (see note 9).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__120": {
   "value": "Net finance expenses comprise finance income, finance expenses and the fair value change of derivatives at fair value through profit or loss. Finance income comprises interest income on funds invested and finance expenses comprise interest expense on borrowings, and the unwinding of discount on provisions and contingent consideration.Finance income and finance expenses are recognized in profit or loss, using the effective interest method. The fair value changes of derivatives comprise the fair value changes on financial assets at fair value through profit or loss, as far as these relate to financing items in the Company. These fair value changes are partially offset by the foreign currency gains and losses.Foreign currency gains and losses are reported on a net basis as either finance income or finance expense if it concerns exchange rate results on financing items. Exchange rate results on operating items are included in Other operational costs (see note 9).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__34-1": {
   "value": "In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>021Inter<span class=\"_ _5\"/>est income on no<span class=\"_ _5\"/>tional cash pools<span class=\"_ _207\"> </span><span class=\"ls12d ws116\"> 6<span class=\"_ _7\"/>,261<span class=\"_ _7\"/> <span class=\"_ _c4\"> </span><span class=\"lsf6 ws10f\"> 2,2<span class=\"_ _6\"/>06<span class=\"_ _6\"/> </span></span>Other int<span class=\"_ _5\"/>erest inc<span class=\"_ _5\"/>ome<span class=\"_ _21c\"> </span><span class=\"lsef ws11c\"> 1,6<span class=\"_ _6\"/>27<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span> 1,8<span class=\"_ _7\"/>42<span class=\"_ _6\"/> </span>Finance income<span class=\"_ _1b4\"> </span><span class=\"ls141 ws19f\"> 7<span class=\"_ _b\"/>,888<span class=\"_ _5\"/> <span class=\"_ _c4\"> </span><span class=\"ls152 ws17e\"> 4,048 </span></span>Inter<span class=\"_ _5\"/>est expense on l<span class=\"_ _5\"/>oans &amp; borrowings<span class=\"_ _21d\"> </span> (1<span class=\"_ _5\"/>3,556)<span class=\"_ _49\"> </span> (10,8<span class=\"_ _6\"/>87)Inter<span class=\"_ _5\"/>est expense on no<span class=\"_ _5\"/>tional cash pools<span class=\"_ _21e\"> </span> (5,731<span class=\"_ _5\"/>)<span class=\"_ _46\"> </span> (2,31<span class=\"_ _5\"/>0)Other int<span class=\"_ _5\"/>erest e<span class=\"_ _5\"/>xpense<span class=\"_ _17b\"> </span> (1,754)<span class=\"_ _38\"> </span> (2,222)Inter<span class=\"_ _5\"/>est expense on l<span class=\"_ _5\"/>eases <span class=\"_ _21f\"> </span> (7<span class=\"_ _b\"/>,263)<span class=\"_ _38\"> </span> (6<span class=\"_ _6\"/>,61<span class=\"_ _5\"/>6)For<span class=\"_ _5\"/>eign exchange differ<span class=\"_ _5\"/>ences<span class=\"_ _1cc\"> </span><span class=\"ls110 ws15f\"> 6<span class=\"_ _6\"/>53 <span class=\"_ _205\"> </span><span class=\"lsf0 ws15c\"> (24<span class=\"_ _6\"/>5)</span></span>Finance expense<span class=\"_ _220\"> </span> (27<span class=\"_ _b\"/>,651)<span class=\"_ _d6\"> </span> (22<span class=\"_ _6\"/>,28<span class=\"_ _6\"/>0)Fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue change of deriva<span class=\"_ _5\"/>tives<span class=\"_ _221\"> </span> (3,795)<span class=\"_ _3b\"> </span><span class=\"ls10e ws111\"> (<span class=\"_ _7\"/>511<span class=\"_ _6\"/>)</span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1ef\"> </span><span class=\"ls9d ws1\"> (23,558)<span class=\"_ _194\"> </span> (18,7<span class=\"_ _5\"/>43)</span>Finance expense<span class=\"_ _5\"/>,<span class=\"_ _b\"/> including the int<span class=\"_ _5\"/>erest e<span class=\"_ _5\"/>xpense on leases,<span class=\"_ _b\"/> increased t<span class=\"_ _5\"/>o \u20ac27<span class=\"_ _0\"/>.7 million due t<span class=\"_ _5\"/>o higher gross debt,<span class=\"_ _0\"/> higher inter<span class=\"_ _5\"/>est ra<span class=\"_ _b\"/>tes within no<span class=\"_ _5\"/>tional cash pools,<span class=\"_ _b\"/> offset by<span class=\"_ _5\"/> low<span class=\"_ _5\"/>er other<span class=\"_ _5\"/> inter<span class=\"_ _5\"/>est expenses.<span class=\"_ _0\"/> The inter<span class=\"_ _5\"/>est expense on loans and borr<span class=\"_ _5\"/>owings of<span class=\"_ _5\"/> \u20ac1<span class=\"_ _5\"/>3.6 million (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _5\"/>0.8 million) w<span class=\"_ _5\"/>as higher than las<span class=\"_ _5\"/>t year<span class=\"_ _5\"/> due t<span class=\"_ _5\"/>o higher a<span class=\"_ _5\"/>verage gr<span class=\"_ _5\"/>oss debt <span class=\"_ _5\"/>to <span class=\"_ _5\"/>finance the acquisition o<span class=\"_ _b\"/>f IBI Group and DPS Group,<span class=\"_ _0\"/> and higher inter<span class=\"_ _5\"/>est ra<span class=\"_ _b\"/>tes on floa<span class=\"_ _5\"/>ting inter<span class=\"_ _5\"/>est ra<span class=\"_ _b\"/>te loans (such as sever<span class=\"_ _5\"/>al Schuldschein loans).The carr<span class=\"_ _6\"/>ying amount of the financing transa<span class=\"_ _5\"/>ction fees,<span class=\"_ _b\"/> taken into ac<span class=\"_ _5\"/>count in the va<span class=\"_ _5\"/>luation o<span class=\"_ _5\"/>f the underlying loans and borro<span class=\"_ _5\"/>wings,<span class=\"_ _5\"/> at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 2022 amoun<span class=\"_ _5\"/>ts t<span class=\"_ _5\"/>o \u20ac4.4 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac3.3 million) on the ba<span class=\"_ _5\"/>lance sheet.<span class=\"_ _b\"/> The increase in this <span class=\"_ _6\"/>amount rela<span class=\"_ _5\"/>tes t<span class=\"_ _5\"/>o the transaction fees rela<span class=\"_ _5\"/>ted t<span class=\"_ _5\"/>o the attract<span class=\"_ _5\"/>ed bridge <span class=\"_ _6\"/>loan financing for<span class=\"_ _5\"/> the ac<span class=\"_ _5\"/>quisitions of IBI Gr<span class=\"_ _5\"/>oup and DPS Group.<span class=\"_ _b\"/> The amortized cost<span class=\"_ _5\"/> booked in 20<span class=\"_ _5\"/>22 amounts t<span class=\"_ _5\"/>o \u20ac0.8 million (202<span class=\"_ _b\"/>1: \u20ac0.5 mil<span class=\"_ _5\"/>lion) and is booked under Other<span class=\"_ _5\"/> inter<span class=\"_ _5\"/>est e<span class=\"_ _5\"/>xpense.<span class=\"_ _b\"/> The int<span class=\"_ _5\"/>erest on l<span class=\"_ _5\"/>ease liabilities of<span class=\"_ _5\"/> \u20ac7<span class=\"_ _b\"/>.3 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac6.6 million) is based on the Incrementa<span class=\"_ _5\"/>l Borrowing Ra<span class=\"_ _5\"/>te,<span class=\"_ _0\"/> see note 1<span class=\"_ _b\"/>6<span class=\"_ _6\"/>.<span class=\"_ _5\"/> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__33": {
   "value": "In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>021Inter<span class=\"_ _5\"/>est income on no<span class=\"_ _5\"/>tional cash pools<span class=\"_ _207\"> </span><span class=\"ls12d ws116\"> 6<span class=\"_ _7\"/>,261<span class=\"_ _7\"/> <span class=\"_ _c4\"> </span><span class=\"lsf6 ws10f\"> 2,2<span class=\"_ _6\"/>06<span class=\"_ _6\"/> </span></span>Other int<span class=\"_ _5\"/>erest inc<span class=\"_ _5\"/>ome<span class=\"_ _21c\"> </span><span class=\"lsef ws11c\"> 1,6<span class=\"_ _6\"/>27<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span> 1,8<span class=\"_ _7\"/>42<span class=\"_ _6\"/> </span>Finance income<span class=\"_ _1b4\"> </span><span class=\"ls141 ws19f\"> 7<span class=\"_ _b\"/>,888<span class=\"_ _5\"/> <span class=\"_ _c4\"> </span><span class=\"ls152 ws17e\"> 4,048 </span></span>Inter<span class=\"_ _5\"/>est expense on l<span class=\"_ _5\"/>oans &amp; borrowings<span class=\"_ _21d\"> </span> (1<span class=\"_ _5\"/>3,556)<span class=\"_ _49\"> </span> (10,8<span class=\"_ _6\"/>87)Inter<span class=\"_ _5\"/>est expense on no<span class=\"_ _5\"/>tional cash pools<span class=\"_ _21e\"> </span> (5,731<span class=\"_ _5\"/>)<span class=\"_ _46\"> </span> (2,31<span class=\"_ _5\"/>0)Other int<span class=\"_ _5\"/>erest e<span class=\"_ _5\"/>xpense<span class=\"_ _17b\"> </span> (1,754)<span class=\"_ _38\"> </span> (2,222)Inter<span class=\"_ _5\"/>est expense on l<span class=\"_ _5\"/>eases <span class=\"_ _21f\"> </span> (7<span class=\"_ _b\"/>,263)<span class=\"_ _38\"> </span> (6<span class=\"_ _6\"/>,61<span class=\"_ _5\"/>6)For<span class=\"_ _5\"/>eign exchange differ<span class=\"_ _5\"/>ences<span class=\"_ _1cc\"> </span><span class=\"ls110 ws15f\"> 6<span class=\"_ _6\"/>53 <span class=\"_ _205\"> </span><span class=\"lsf0 ws15c\"> (24<span class=\"_ _6\"/>5)</span></span>Finance expense<span class=\"_ _220\"> </span> (27<span class=\"_ _b\"/>,651)<span class=\"_ _d6\"> </span> (22<span class=\"_ _6\"/>,28<span class=\"_ _6\"/>0)Fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue change of deriva<span class=\"_ _5\"/>tives<span class=\"_ _221\"> </span> (3,795)<span class=\"_ _3b\"> </span><span class=\"ls10e ws111\"> (<span class=\"_ _7\"/>511<span class=\"_ _6\"/>)</span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1ef\"> </span><span class=\"ls9d ws1\"> (23,558)<span class=\"_ _194\"> </span> (18,7<span class=\"_ _5\"/>43)</span>Finance income incr<span class=\"_ _5\"/>eased to \u20ac7<span class=\"_ _0\"/>.9 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac4.0 million) due t<span class=\"_ _5\"/>o higher int<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es within notiona<span class=\"_ _5\"/>l cash pools.<span class=\"_ _b\"/> Arcadis utiliz<span class=\"_ _5\"/>es notional cash pools,<span class=\"_ _0\"/> in which debit and credit ba<span class=\"_ _5\"/>lances both a<span class=\"_ _b\"/>ttract int<span class=\"_ _5\"/>erest income and int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> expense.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__32": {
   "value": "In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Inter<span class=\"_ _5\"/>est income on no<span class=\"_ _5\"/>tional cash pools<span class=\"_ _207\"> </span><span class=\"ls12d ws116\"> 6<span class=\"_ _7\"/>,261<span class=\"_ _7\"/> <span class=\"_ _c4\"> </span><span class=\"lsf6 ws10f\"> 2,2<span class=\"_ _6\"/>06<span class=\"_ _6\"/> </span></span>Other int<span class=\"_ _5\"/>erest inc<span class=\"_ _5\"/>ome<span class=\"_ _21c\"> </span><span class=\"lsef ws11c\"> 1,6<span class=\"_ _6\"/>27<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span> 1,8<span class=\"_ _7\"/>42<span class=\"_ _6\"/> </span>Finance income<span class=\"_ _1b4\"> </span><span class=\"ls141 ws19f\"> 7<span class=\"_ _b\"/>,888<span class=\"_ _5\"/> <span class=\"_ _c4\"> </span><span class=\"ls152 ws17e\"> 4,048 </span></span>Inter<span class=\"_ _5\"/>est expense on l<span class=\"_ _5\"/>oans &amp; borrowings<span class=\"_ _21d\"> </span> (1<span class=\"_ _5\"/>3,556)<span class=\"_ _49\"> </span> (10,8<span class=\"_ _6\"/>87)Inter<span class=\"_ _5\"/>est expense on no<span class=\"_ _5\"/>tional cash pools<span class=\"_ _21e\"> </span> (5,731<span class=\"_ _5\"/>)<span class=\"_ _46\"> </span> (2,31<span class=\"_ _5\"/>0)Other int<span class=\"_ _5\"/>erest e<span class=\"_ _5\"/>xpense<span class=\"_ _17b\"> </span> (1,754)<span class=\"_ _38\"> </span> (2,222)Inter<span class=\"_ _5\"/>est expense on l<span class=\"_ _5\"/>eases <span class=\"_ _21f\"> </span> (7<span class=\"_ _b\"/>,263)<span class=\"_ _38\"> </span> (6<span class=\"_ _6\"/>,61<span class=\"_ _5\"/>6)For<span class=\"_ _5\"/>eign exchange differ<span class=\"_ _5\"/>ences<span class=\"_ _1cc\"> </span><span class=\"ls110 ws15f\"> 6<span class=\"_ _6\"/>53 <span class=\"_ _205\"> </span><span class=\"lsf0 ws15c\"> (24<span class=\"_ _6\"/>5)</span></span>Finance expense<span class=\"_ _220\"> </span> (27<span class=\"_ _b\"/>,651)<span class=\"_ _d6\"> </span> (22<span class=\"_ _6\"/>,28<span class=\"_ _6\"/>0)Fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue change of deriva<span class=\"_ _5\"/>tives<span class=\"_ _221\"> </span> (3,795)<span class=\"_ _3b\"> </span><span class=\"ls10e ws111\"> (<span class=\"_ _7\"/>511<span class=\"_ _6\"/>)</span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1ef\"> </span><span class=\"ls9d ws1\"> (23,558)<span class=\"_ _194\"> </span> (18,7<span class=\"_ _5\"/>43)</span>Finance income incr<span class=\"_ _5\"/>eased to \u20ac7<span class=\"_ _0\"/>.9 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac4.0 million) due t<span class=\"_ _5\"/>o higher int<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es within notiona<span class=\"_ _5\"/>l cash pools.<span class=\"_ _b\"/> Arcadis utiliz<span class=\"_ _5\"/>es notional cash pools,<span class=\"_ _0\"/> in which debit and credit ba<span class=\"_ _5\"/>lances both a<span class=\"_ _b\"/>ttract int<span class=\"_ _5\"/>erest income and int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> expense.Finance expense<span class=\"_ _5\"/>,<span class=\"_ _b\"/> including the int<span class=\"_ _5\"/>erest e<span class=\"_ _5\"/>xpense on leases,<span class=\"_ _b\"/> increased t<span class=\"_ _5\"/>o \u20ac27<span class=\"_ _0\"/>.7 million due t<span class=\"_ _5\"/>o higher gross debt,<span class=\"_ _0\"/> higher inter<span class=\"_ _5\"/>est ra<span class=\"_ _b\"/>tes within no<span class=\"_ _5\"/>tional cash pools,<span class=\"_ _b\"/> offset by<span class=\"_ _5\"/> low<span class=\"_ _5\"/>er other<span class=\"_ _5\"/> inter<span class=\"_ _5\"/>est expenses.<span class=\"_ _0\"/> The inter<span class=\"_ _5\"/>est expense on loans and borr<span class=\"_ _5\"/>owings of<span class=\"_ _5\"/> \u20ac1<span class=\"_ _5\"/>3.6 million (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _5\"/>0.8 million) w<span class=\"_ _5\"/>as higher than las<span class=\"_ _5\"/>t year<span class=\"_ _5\"/> due t<span class=\"_ _5\"/>o higher a<span class=\"_ _5\"/>verage gr<span class=\"_ _5\"/>oss debt <span class=\"_ _5\"/>to <span class=\"_ _5\"/>finance the acquisition o<span class=\"_ _b\"/>f IBI Group and DPS Group,<span class=\"_ _0\"/> and higher inter<span class=\"_ _5\"/>est ra<span class=\"_ _b\"/>tes on floa<span class=\"_ _5\"/>ting inter<span class=\"_ _5\"/>est ra<span class=\"_ _b\"/>te loans (such as sever<span class=\"_ _5\"/>al Schuldschein loans).The carr<span class=\"_ _6\"/>ying amount of the financing transa<span class=\"_ _5\"/>ction fees,<span class=\"_ _b\"/> taken into ac<span class=\"_ _5\"/>count in the va<span class=\"_ _5\"/>luation o<span class=\"_ _5\"/>f the underlying loans and borro<span class=\"_ _5\"/>wings,<span class=\"_ _5\"/> at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 2022 amoun<span class=\"_ _5\"/>ts t<span class=\"_ _5\"/>o \u20ac4.4 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac3.3 million) on the ba<span class=\"_ _5\"/>lance sheet.<span class=\"_ _b\"/> The increase in this <span class=\"_ _6\"/>amount rela<span class=\"_ _5\"/>tes t<span class=\"_ _5\"/>o the transaction fees rela<span class=\"_ _5\"/>ted t<span class=\"_ _5\"/>o the attract<span class=\"_ _5\"/>ed bridge <span class=\"_ _6\"/>loan financing for<span class=\"_ _5\"/> the ac<span class=\"_ _5\"/>quisitions of IBI Gr<span class=\"_ _5\"/>oup and DPS Group.<span class=\"_ _b\"/> The amortized cost<span class=\"_ _5\"/> booked in 20<span class=\"_ _5\"/>22 amounts t<span class=\"_ _5\"/>o \u20ac0.8 million (202<span class=\"_ _b\"/>1: \u20ac0.5 mil<span class=\"_ _5\"/>lion) and is booked under Other<span class=\"_ _5\"/> inter<span class=\"_ _5\"/>est e<span class=\"_ _5\"/>xpense.<span class=\"_ _b\"/> The int<span class=\"_ _5\"/>erest on l<span class=\"_ _5\"/>ease liabilities of<span class=\"_ _5\"/> \u20ac7<span class=\"_ _b\"/>.3 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac6.6 million) is based on the Incrementa<span class=\"_ _5\"/>l Borrowing Ra<span class=\"_ _5\"/>te,<span class=\"_ _0\"/> see note 1<span class=\"_ _b\"/>6<span class=\"_ _6\"/>.<span class=\"_ _5\"/> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__123": {
   "value": "Income tax<span class=\"_ _5\"/>es comprise current and de<span class=\"_ _5\"/>ferred <span class=\"_ _5\"/>tax<span class=\"_ _6\"/>.<span class=\"_ _5\"/> Income tax is r<span class=\"_ _5\"/>ecognized in pro<span class=\"_ _5\"/>fit or loss,<span class=\"_ _b\"/> excep<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o the ext<span class=\"_ _5\"/>ent <span class=\"_ _5\"/>that <span class=\"_ _5\"/>the tax arises from it<span class=\"_ _5\"/>ems recognized in o<span class=\"_ _5\"/>ther compr<span class=\"_ _5\"/>ehensive income,<span class=\"_ _b\"/> directly<span class=\"_ _5\"/> in equity or fr<span class=\"_ _5\"/>om a business combination.When the Group c<span class=\"_ _5\"/>onsiders it probable <span class=\"_ _5\"/>that tax<span class=\"_ _5\"/> authorities accep<span class=\"_ _5\"/>t a tax <span class=\"_ _5\"/>treatment<span class=\"_ _5\"/> it will be <span class=\"_ _5\"/>treat<span class=\"_ _5\"/>ed as such in the income tax <span class=\"_ _5\"/>filings.<span class=\"_ _5\"/> When it is no<span class=\"_ _5\"/>t considered probabl<span class=\"_ _5\"/>e that<span class=\"_ _5\"/> a tax trea<span class=\"_ _5\"/>tment is a<span class=\"_ _5\"/>ccept<span class=\"_ _5\"/>ed,<span class=\"_ _b\"/> the Group uses the most<span class=\"_ _5\"/> likel<span class=\"_ _5\"/>y amount or the expected v<span class=\"_ _5\"/>alue of<span class=\"_ _5\"/> the tax treatment<span class=\"_ _5\"/> Current<span class=\"_ _5\"/> taxCurrent<span class=\"_ _5\"/> tax is the <span class=\"_ _6\"/>expected tax pay<span class=\"_ _5\"/>able on taxable income for the y<span class=\"_ _5\"/>ear and adjustments to tax pa<span class=\"_ _5\"/>yable relat<span class=\"_ _5\"/>ed to previous <span class=\"_ _5\"/>years.<span class=\"_ _5\"/> It is measured using <span class=\"_ _5\"/>the tax ra<span class=\"_ _5\"/>tes enacted or<span class=\"_ _5\"/> substantivel<span class=\"_ _b\"/>y enacted at<span class=\"_ _5\"/> the reporting dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The difference between income <span class=\"_ _5\"/>tax recognized in pr<span class=\"_ _5\"/>ofit or l<span class=\"_ _5\"/>oss and income tax paid in the cash <span class=\"_ _5\"/>flow sta<span class=\"_ _5\"/>tement<span class=\"_ _5\"/> differs primaril<span class=\"_ _5\"/>y due t<span class=\"_ _5\"/>o deferr<span class=\"_ _5\"/>ed tax recogniz<span class=\"_ _5\"/>ed on tempor<span class=\"_ _5\"/>ar<span class=\"_ _6\"/>y differ<span class=\"_ _5\"/>ences and payment<span class=\"_ _5\"/> of inc<span class=\"_ _5\"/>ome tax occurring aft<span class=\"_ _5\"/>er the reporting dat<span class=\"_ _5\"/>e.Deferr<span class=\"_ _5\"/>ed taxDeferr<span class=\"_ _5\"/>ed tax is recogniz<span class=\"_ _5\"/>ed using the balance shee<span class=\"_ _5\"/>t method and it is no<span class=\"_ _5\"/>t recogniz<span class=\"_ _5\"/>ed for:\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">the initial recognition o<span class=\"_ _5\"/>f goodwill;</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">the initial recognition o<span class=\"_ _5\"/>f assets or liabilities <span class=\"_ _5\"/>that a<span class=\"_ _5\"/>\ue61dect neither a<span class=\"_ _5\"/>ccounting nor<span class=\"_ _5\"/> taxable pro<span class=\"_ _5\"/>fit or l<span class=\"_ _5\"/>oss; and</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1d\">investments in subsidiaries to the ext<span class=\"_ _5\"/>ent tha<span class=\"_ _5\"/>t they wil<span class=\"_ _5\"/>l probably no<span class=\"_ _5\"/>t reverse in the for<span class=\"_ _5\"/>eseeable future.</span>Measurement<span class=\"_ _5\"/> of def<span class=\"_ _5\"/>erred tax is based upon <span class=\"_ _5\"/>tax rat<span class=\"_ _5\"/>es enacted or<span class=\"_ _5\"/> substantiall<span class=\"_ _b\"/>y enacted expected <span class=\"_ _5\"/>to be applied in the years in which <span class=\"_ _5\"/>the tempor<span class=\"_ _5\"/>ar<span class=\"_ _6\"/>y differenc<span class=\"_ _5\"/>es are expected <span class=\"_ _5\"/>to rev<span class=\"_ _5\"/>erse.<span class=\"_ _b\"/> Deferred tax<span class=\"_ _5\"/>es are not<span class=\"_ _5\"/> discounted.A def<span class=\"_ _5\"/>erred tax asse<span class=\"_ _5\"/>t is recognized <span class=\"_ _5\"/>for unused <span class=\"_ _5\"/>tax losses,<span class=\"_ _b\"/> tax credits and deductible t<span class=\"_ _5\"/>emporary differences,<span class=\"_ _b\"/> to <span class=\"_ _5\"/>the exten<span class=\"_ _5\"/>t that<span class=\"_ _5\"/> it is probable <span class=\"_ _5\"/>that futur<span class=\"_ _5\"/>e profits wil<span class=\"_ _5\"/>l be available a<span class=\"_ _5\"/>gainst which <span class=\"_ _5\"/>they can be utilized.<span class=\"_ _b\"/> Deferr<span class=\"_ _5\"/>ed tax assets are reduced <span class=\"_ _5\"/>to the ext<span class=\"_ _5\"/>ent <span class=\"_ _5\"/>that it<span class=\"_ _5\"/> is no longer probabl<span class=\"_ _5\"/>e that <span class=\"_ _5\"/>the relat<span class=\"_ _5\"/>ed tax benefit <span class=\"_ _5\"/>will be realiz<span class=\"_ _5\"/>ed.<span class=\"_ _5\"/> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__124": {
   "value": "Deferr<span class=\"_ _5\"/>ed tax is recogniz<span class=\"_ _5\"/>ed using the balance shee<span class=\"_ _5\"/>t method and it is no<span class=\"_ _5\"/>t recogniz<span class=\"_ _5\"/>ed for:\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">the initial recognition o<span class=\"_ _5\"/>f goodwill;</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1\">the initial recognition o<span class=\"_ _5\"/>f assets or liabilities <span class=\"_ _5\"/>that a<span class=\"_ _5\"/>\ue61dect neither a<span class=\"_ _5\"/>ccounting nor<span class=\"_ _5\"/> taxable pro<span class=\"_ _5\"/>fit or l<span class=\"_ _5\"/>oss; and</span>\u2022 <span class=\"_ _33\"> </span><span class=\"fc6 ws1d\">investments in subsidiaries to the ext<span class=\"_ _5\"/>ent tha<span class=\"_ _5\"/>t they wil<span class=\"_ _5\"/>l probably no<span class=\"_ _5\"/>t reverse in the for<span class=\"_ _5\"/>eseeable future.</span>Measurement<span class=\"_ _5\"/> of def<span class=\"_ _5\"/>erred tax is based upon <span class=\"_ _5\"/>tax rat<span class=\"_ _5\"/>es enacted or<span class=\"_ _5\"/> substantiall<span class=\"_ _b\"/>y enacted expected <span class=\"_ _5\"/>to be applied in the years in which <span class=\"_ _5\"/>the tempor<span class=\"_ _5\"/>ar<span class=\"_ _6\"/>y differenc<span class=\"_ _5\"/>es are expected <span class=\"_ _5\"/>to rev<span class=\"_ _5\"/>erse.<span class=\"_ _b\"/> Deferred tax<span class=\"_ _5\"/>es are not<span class=\"_ _5\"/> discounted.A def<span class=\"_ _5\"/>erred tax asse<span class=\"_ _5\"/>t is recognized <span class=\"_ _5\"/>for unused <span class=\"_ _5\"/>tax losses,<span class=\"_ _b\"/> tax credits and deductible t<span class=\"_ _5\"/>emporary differences,<span class=\"_ _b\"/> to <span class=\"_ _5\"/>the exten<span class=\"_ _5\"/>t that<span class=\"_ _5\"/> it is probable <span class=\"_ _5\"/>that futur<span class=\"_ _5\"/>e profits wil<span class=\"_ _5\"/>l be available a<span class=\"_ _5\"/>gainst which <span class=\"_ _5\"/>they can be utilized.<span class=\"_ _b\"/> Deferr<span class=\"_ _5\"/>ed tax assets are reduced <span class=\"_ _5\"/>to the ext<span class=\"_ _5\"/>ent <span class=\"_ _5\"/>that it<span class=\"_ _5\"/> is no longer probabl<span class=\"_ _5\"/>e that <span class=\"_ _5\"/>the relat<span class=\"_ _5\"/>ed tax benefit <span class=\"_ _5\"/>will be realiz<span class=\"_ _5\"/>ed.<span class=\"_ _5\"/> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__36": {
   "value": "Income tax<span class=\"_ _5\"/> recognized in pro<span class=\"_ _b\"/>f<span class=\"_ _6\"/>it or l<span class=\"_ _5\"/>oss for<span class=\"_ _5\"/> the period:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Current<span class=\"_ _5\"/> tax expenseCurrent<span class=\"_ _5\"/> year<span class=\"_ _1a9\"> </span><span class=\"ls6f ws77\">1<span class=\"_ _5\"/>18,<span class=\"_ _6\"/>555 <span class=\"_ _29\"> </span><span class=\"ls9d ws1\"> 58<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>48<span class=\"_ _6\"/> </span></span>Adjustments f<span class=\"_ _5\"/>or previous years<span class=\"_ _c9\"> </span><span class=\"ls119 ws136\">9,057<span class=\"_ _6\"/> <span class=\"_ _46\"> </span></span><span class=\"ws1\"> (8,427)</span>T<span class=\"_ _b\"/>otal current<span class=\"_ _5\"/> tax expense<span class=\"_ _22c\"> </span><span class=\"lsfb ws134\"> 127,612<span class=\"_ _7\"/> <span class=\"_ _18a\"> </span><span class=\"ls117 ws12a\"> 4<span class=\"_ _6\"/>9,<span class=\"_ _6\"/>621<span class=\"_ _6\"/> </span></span>Deferr<span class=\"_ _5\"/>ed tax expenseOrigination and re<span class=\"_ _5\"/>versal of<span class=\"_ _5\"/> tempor<span class=\"_ _5\"/>ar<span class=\"_ _6\"/>y differ<span class=\"_ _5\"/>ences<span class=\"_ _f5\"> </span><span class=\"wsac\">(5<span class=\"_ _5\"/>3,0<span class=\"_ _6\"/>46<span class=\"_ _6\"/>)<span class=\"_ _149\"> </span><span class=\"ls3e ws132\"> (826<span class=\"_ _6\"/>)</span></span>Adjustments f<span class=\"_ _5\"/>or previous years<span class=\"_ _22d\"> </span><span class=\"wsac\">(1<span class=\"_ _5\"/>2,30<span class=\"_ _6\"/>9)<span class=\"_ _149\"> </span><span class=\"ls10c ws136\"> (4<span class=\"_ _6\"/>4<span class=\"_ _6\"/>3)</span></span>Changes in tax ra<span class=\"_ _5\"/>tes<span class=\"_ _1e9\"> </span><span class=\"ls3e ws3a\">339 <span class=\"_ _19a\"> </span></span> 3,856 (De)recognition o<span class=\"_ _5\"/>f def<span class=\"_ _5\"/>erred tax assets<span class=\"_ _22e\"> </span><span class=\"wsac\">(1,894)<span class=\"_ _149\"> </span><span class=\"lsf2 ws148\"> (5<span class=\"_ _6\"/>27)</span></span>T<span class=\"_ _b\"/>otal def<span class=\"_ _5\"/>erred tax expense<span class=\"_ _1a5\"> </span><span class=\"ls6f ws77\">(66<span class=\"_ _6\"/>,<span class=\"_ _6\"/>910)<span class=\"_ _51\"> </span><span class=\"ls3 ws137\"> 2,0<span class=\"_ _6\"/>60 </span></span>T<span class=\"_ _b\"/>otal income <span class=\"_ _5\"/>tax expense<span class=\"_ _119\"> </span><span class=\"ls3 ws137\"> 60,7<span class=\"_ _5\"/>02 <span class=\"_ _71\"> </span><span class=\"lsfc ws11b\"> 51,6<span class=\"_ _7\"/>81<span class=\"_ _6\"/> </span></span>In 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> the US T<span class=\"_ _b\"/>ax Cuts and <span class=\"_ _5\"/>Jobs Act of<span class=\"_ _5\"/> 201<span class=\"_ _b\"/>7 eliminat<span class=\"_ _5\"/>ed the op<span class=\"_ _5\"/>tion to deduct r<span class=\"_ _5\"/>esearch and devel<span class=\"_ _5\"/>opment expenditures immedia<span class=\"_ _5\"/>tel<span class=\"_ _b\"/>y in the y<span class=\"_ _5\"/>ear incurred and requir<span class=\"_ _5\"/>es taxpayers <span class=\"_ _5\"/>to amortize such expenditur<span class=\"_ _5\"/>es over <span class=\"_ _5\"/>five years f<span class=\"_ _b\"/>or tax purposes.<span class=\"_ _b\"/> This provision r<span class=\"_ _5\"/>esult<span class=\"_ _5\"/>ed in a current<span class=\"_ _5\"/> tax pa<span class=\"_ _5\"/>yable per <span class=\"_ _5\"/>the end of<span class=\"_ _5\"/> 2022 o<span class=\"_ _5\"/>f appro<span class=\"_ _5\"/>ximat<span class=\"_ _5\"/>ely \u20ac4<span class=\"_ _5\"/>7 million and a net de<span class=\"_ _5\"/>ferred <span class=\"_ _5\"/>tax asset incr<span class=\"_ _5\"/>ease of \u20ac4<span class=\"_ _b\"/>7 million.<span class=\"_ _b\"/> This provision is also e<span class=\"_ _5\"/>xpected t<span class=\"_ _5\"/>o increase our 2023 curr<span class=\"_ _5\"/>ent <span class=\"_ _5\"/>tax payabl<span class=\"_ _5\"/>e with a comparabl<span class=\"_ _5\"/>e amount,<span class=\"_ _b\"/> depending on among others the amoun<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> research and devel<span class=\"_ _5\"/>opment expenses in 2<span class=\"_ _5\"/>023.<span class=\"_ _b\"/> While the lar<span class=\"_ _5\"/>gest impact<span class=\"_ _5\"/> of <span class=\"_ _5\"/>this provision is expect<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o be in 2022,<span class=\"_ _0\"/> the impact <span class=\"_ _5\"/>will continue ov<span class=\"_ _5\"/>er the <span class=\"_ _5\"/>five-year<span class=\"_ _5\"/> amor<span class=\"_ _6\"/>tization period,<span class=\"_ _0\"/> but will decrease o<span class=\"_ _5\"/>ver <span class=\"_ _5\"/>time and is expected t<span class=\"_ _5\"/>o be immat<span class=\"_ _5\"/>erial in y<span class=\"_ _5\"/>ear six.A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the corpora<span class=\"_ _5\"/>te income <span class=\"_ _5\"/>tax receiv<span class=\"_ _5\"/>able amount<span class=\"_ _5\"/>ed to \u20ac1<span class=\"_ _0\"/>7<span class=\"_ _b\"/>.8 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac27<span class=\"_ _0\"/>.1 million) and the corpor<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e income tax liability<span class=\"_ _5\"/> amounted <span class=\"_ _5\"/>to \u20ac63.5 mil<span class=\"_ _5\"/>lion (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac19<span class=\"_ _5\"/>.1 million).<span class=\"_ _b\"/> During 2022,<span class=\"_ _b\"/> the Group paid corpor<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e income taxes <span class=\"_ _5\"/>for<span class=\"_ _5\"/> a to<span class=\"_ _5\"/>tal amount<span class=\"_ _5\"/> of \u20ac7<span class=\"_ _b\"/>0.4 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac66<span class=\"_ _6\"/>.7 million).The effective c<span class=\"_ _5\"/>orporat<span class=\"_ _5\"/>e income tax r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e (income tax<span class=\"_ _5\"/>es divided by pro<span class=\"_ _5\"/>fit bef<span class=\"_ _5\"/>ore income tax,<span class=\"_ _b\"/> mainly<span class=\"_ _5\"/> excl<span class=\"_ _5\"/>uding to<span class=\"_ _5\"/>tal resul<span class=\"_ _b\"/>t from in<span class=\"_ _5\"/>vestments) is 3<span class=\"_ _5\"/>1<span class=\"_ _5\"/>.3% (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: excl<span class=\"_ _5\"/>uding t<span class=\"_ _5\"/>otal r<span class=\"_ _5\"/>esult<span class=\"_ _5\"/> from inv<span class=\"_ _5\"/>estments and t<span class=\"_ _b\"/>otal resul<span class=\"_ _b\"/>t from ALEN: 25.1<span class=\"_ _b\"/>%).<span class=\"_ _5\"/> For<span class=\"_ _5\"/> further informa<span class=\"_ _5\"/>tion rela<span class=\"_ _5\"/>ted t<span class=\"_ _b\"/>o ALEN,<span class=\"_ _5\"/> ref<span class=\"_ _5\"/>er <span class=\"_ _5\"/>to No<span class=\"_ _5\"/>te 1<span class=\"_ _b\"/>7 in 202<span class=\"_ _5\"/>1 Annual Int<span class=\"_ _5\"/>egra<span class=\"_ _5\"/>ted Report.<span class=\"_ _b\"/> F<span class=\"_ _5\"/>or 2022 <span class=\"_ _5\"/>the effective <span class=\"_ _5\"/>tax rat<span class=\"_ _5\"/>e was impa<span class=\"_ _5\"/>cted by non-deductible loss on div<span class=\"_ _5\"/>estments o<span class=\"_ _5\"/>f \u20ac30.1 million.<span class=\"_ _b\"/> Excl<span class=\"_ _5\"/>uding this loss,<span class=\"_ _b\"/> but including <span class=\"_ _5\"/>the to<span class=\"_ _b\"/>tal resul<span class=\"_ _5\"/>t from in<span class=\"_ _5\"/>vestments <span class=\"_ _5\"/>the effective <span class=\"_ _5\"/>tax rat<span class=\"_ _5\"/>e is 27<span class=\"_ _0\"/>.0%.The effective <span class=\"_ _5\"/>tax rat<span class=\"_ _b\"/>e dif<span class=\"_ _6\"/>fers <span class=\"_ _5\"/>from the corpor<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e income tax ra<span class=\"_ _b\"/>te in the Netherlands,<span class=\"_ _0\"/> primarily due <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the net negativ<span class=\"_ _5\"/>e impact of<span class=\"_ _5\"/> non-deduc<span class=\"_ _6\"/>tible it<span class=\"_ _5\"/>ems and statut<span class=\"_ _5\"/>ory tax ra<span class=\"_ _5\"/>tes in jurisdictions in which <span class=\"_ _5\"/>we opera<span class=\"_ _5\"/>te tha<span class=\"_ _b\"/>t are differen<span class=\"_ _5\"/>t than <span class=\"_ _5\"/>the Dutch sta<span class=\"_ _5\"/>tutory income <span class=\"_ _5\"/>tax ra<span class=\"_ _5\"/>te.<span class=\"_ _0\"/> The net nega<span class=\"_ _5\"/>tive impact <span class=\"_ _5\"/>was partiall<span class=\"_ _5\"/>y offset<span class=\"_ _5\"/> by changes in de-recognition o<span class=\"_ _5\"/>f def<span class=\"_ _5\"/>erred tax assets,<span class=\"_ _0\"/> prior year<span class=\"_ _5\"/> adjustments and o<span class=\"_ _5\"/>ther<span class=\"_ _0\"/>.In % and \u20ac thousands<span class=\"_ _82\"> </span>2022 (%)<span class=\"_ _109\"> </span><span class=\"ls10d ws12b\">2022<span class=\"_ _d5\"> </span></span><span class=\"ff2 fc6\">2021 (%)<span class=\"_ _109\"> </span><span class=\"lscd wse4\">2021</span></span>Corpora<span class=\"_ _5\"/>te tax r<span class=\"_ _5\"/>ate in <span class=\"_ _5\"/>the Netherlands<span class=\"_ _1f\"> </span><span class=\"wsac\">25.8<span class=\"_ _38\"> </span><span class=\"ls110 ws15f\"> 5<span class=\"_ _6\"/>0,0<span class=\"_ _6\"/>81<span class=\"_ _6\"/> <span class=\"_ _109\"> </span></span>25<span class=\"_ _6\"/>.0<span class=\"_ _223\"> </span><span class=\"lsf8 wse9\"> 51,<span class=\"_ _6\"/>5<span class=\"_ _7\"/>4<span class=\"_ _6\"/>6<span class=\"_ _7\"/> </span></span>Adjustment<span class=\"_ _5\"/> corporat<span class=\"_ _5\"/>e income tax ra<span class=\"_ _5\"/>tes o<span class=\"_ _5\"/>ther countries<span class=\"_ _161\"> </span>1.5<span class=\"_ _205\"> </span><span class=\"lsf6 ws10f\"> 2,9<span class=\"_ _6\"/>6<span class=\"_ _6\"/>4 <span class=\"_ _83\"> </span></span> (0.2)<span class=\"_ _4b\"> </span><span class=\"ls111 ws20\"> (<span class=\"_ _6\"/>47<span class=\"_ _6\"/>1)</span>W<span class=\"_ _5\"/>eighted a<span class=\"_ _5\"/>verage corpor<span class=\"_ _5\"/>ate inc<span class=\"_ _5\"/>ome tax ra<span class=\"_ _5\"/>te<span class=\"_ _6f\"> </span>2<span class=\"_ _6\"/>7.<span class=\"_ _6\"/>3<span class=\"_ _76\"> </span> 53,0<span class=\"_ _6\"/>45<span class=\"_ _6\"/> <span class=\"_ _109\"> </span><span class=\"lsf6 ws112\">24.<span class=\"_ _6\"/>8<span class=\"_ _223\"> </span><span class=\"lsfc ws11b\"> 51<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>75<span class=\"_ _6\"/> </span></span>Non-deductible expenses/(income)<span class=\"_ _144\"> </span> 9.2<span class=\"_ _6\"/> <span class=\"_ _13e\"> </span><span class=\"lsed ws163\"> 1<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>0<span class=\"_ _7\"/>7<span class=\"_ _7\"/> <span class=\"_ _53\"> </span></span> 3<span class=\"_ _6\"/>.1 <span class=\"_ _19a\"> </span><span class=\"lsfa ws43\"> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>422<span class=\"_ _6\"/> </span>(De)recognition o<span class=\"_ _5\"/>f def<span class=\"_ _5\"/>erred tax assets<span class=\"_ _89\"> </span> (1.4)<span class=\"_ _13e\"> </span> (2,636)<span class=\"_ _109\"> </span> (0.3)<span class=\"_ _149\"> </span><span class=\"lsf2 ws148\"> (5<span class=\"_ _6\"/>27)</span>Adjustments f<span class=\"_ _5\"/>or previous years<span class=\"_ _22f\"> </span><span class=\"ws1\"> (1.7)<span class=\"_ _38\"> </span> (3,252)<span class=\"_ _109\"> </span> (4.3)<span class=\"_ _13e\"> </span> (8<span class=\"_ _6\"/>,870)</span>Other<span class=\"_ _230\"> </span> (2.1<span class=\"_ _5\"/>)<span class=\"_ _46\"> </span> (4,262)<span class=\"_ _133\"> </span><span class=\"lsfc ws11b\"> 1.<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span><span class=\"ls110 ws15f\"> 3<span class=\"_ _6\"/>,581<span class=\"_ _6\"/> </span></span>1 2Effective tax ra<span class=\"_ _5\"/>te  31.3<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span> 60,702 <span class=\"_ _3b\"> </span><span class=\"ls9d ws1\"> 25.1 <span class=\"_ _71\"> </span><span class=\"lsfc ws11b\"> 51,6<span class=\"_ _7\"/>81<span class=\"_ _6\"/> </span></span>1 T<span class=\"_ _b\"/>a<span class=\"_ _6\"/>xes on income divided by<span class=\"_ _5\"/> Income before <span class=\"_ _5\"/>taxes,<span class=\"_ _5\"/> excluding r<span class=\"_ _5\"/>esult fr<span class=\"_ _5\"/>om Investments ac<span class=\"_ _5\"/>counted f<span class=\"_ _5\"/>or using the equity me<span class=\"_ _5\"/>thod.2 The normalized ETR e<span class=\"_ _5\"/>xcluding non-deductible loss on divestments o<span class=\"_ _5\"/>f \u20ac30,1 million is 27<span class=\"_ _b\"/>.0<span class=\"_ _6\"/>%",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__37": {
   "value": "A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the corpora<span class=\"_ _5\"/>te income <span class=\"_ _5\"/>tax receiv<span class=\"_ _5\"/>able amount<span class=\"_ _5\"/>ed to \u20ac1<span class=\"_ _0\"/>7<span class=\"_ _b\"/>.8 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac27<span class=\"_ _0\"/>.1 million) and the corpor<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e income tax liability<span class=\"_ _5\"/> amounted <span class=\"_ _5\"/>to \u20ac63.5 mil<span class=\"_ _5\"/>lion (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac19<span class=\"_ _5\"/>.1 million).<span class=\"_ _b\"/> During 2022,<span class=\"_ _b\"/> the Group paid corpor<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e income taxes <span class=\"_ _5\"/>for<span class=\"_ _5\"/> a to<span class=\"_ _5\"/>tal amount<span class=\"_ _5\"/> of \u20ac7<span class=\"_ _b\"/>0.4 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac66<span class=\"_ _6\"/>.7 million).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__38": {
   "value": "In % and \u20ac thousands<span class=\"_ _82\"> </span>2022 (%)<span class=\"_ _109\"> </span><span class=\"ls10d ws12b\">2022<span class=\"_ _d5\"> </span></span><span class=\"ff2 fc6\">2021 (%)<span class=\"_ _109\"> </span><span class=\"lscd wse4\">2021</span></span>Corpora<span class=\"_ _5\"/>te tax r<span class=\"_ _5\"/>ate in <span class=\"_ _5\"/>the Netherlands<span class=\"_ _1f\"> </span><span class=\"wsac\">25.8<span class=\"_ _38\"> </span><span class=\"ls110 ws15f\"> 5<span class=\"_ _6\"/>0,0<span class=\"_ _6\"/>81<span class=\"_ _6\"/> <span class=\"_ _109\"> </span></span>25<span class=\"_ _6\"/>.0<span class=\"_ _223\"> </span><span class=\"lsf8 wse9\"> 51,<span class=\"_ _6\"/>5<span class=\"_ _7\"/>4<span class=\"_ _6\"/>6<span class=\"_ _7\"/> </span></span>Adjustment<span class=\"_ _5\"/> corporat<span class=\"_ _5\"/>e income tax ra<span class=\"_ _5\"/>tes o<span class=\"_ _5\"/>ther countries<span class=\"_ _161\"> </span>1.5<span class=\"_ _205\"> </span><span class=\"lsf6 ws10f\"> 2,9<span class=\"_ _6\"/>6<span class=\"_ _6\"/>4 <span class=\"_ _83\"> </span></span> (0.2)<span class=\"_ _4b\"> </span><span class=\"ls111 ws20\"> (<span class=\"_ _6\"/>47<span class=\"_ _6\"/>1)</span>W<span class=\"_ _5\"/>eighted a<span class=\"_ _5\"/>verage corpor<span class=\"_ _5\"/>ate inc<span class=\"_ _5\"/>ome tax ra<span class=\"_ _5\"/>te<span class=\"_ _6f\"> </span>2<span class=\"_ _6\"/>7.<span class=\"_ _6\"/>3<span class=\"_ _76\"> </span> 53,0<span class=\"_ _6\"/>45<span class=\"_ _6\"/> <span class=\"_ _109\"> </span><span class=\"lsf6 ws112\">24.<span class=\"_ _6\"/>8<span class=\"_ _223\"> </span><span class=\"lsfc ws11b\"> 51<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>75<span class=\"_ _6\"/> </span></span>Non-deductible expenses/(income)<span class=\"_ _144\"> </span> 9.2<span class=\"_ _6\"/> <span class=\"_ _13e\"> </span><span class=\"lsed ws163\"> 1<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>0<span class=\"_ _7\"/>7<span class=\"_ _7\"/> <span class=\"_ _53\"> </span></span> 3<span class=\"_ _6\"/>.1 <span class=\"_ _19a\"> </span><span class=\"lsfa ws43\"> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>422<span class=\"_ _6\"/> </span>(De)recognition o<span class=\"_ _5\"/>f def<span class=\"_ _5\"/>erred tax assets<span class=\"_ _89\"> </span> (1.4)<span class=\"_ _13e\"> </span> (2,636)<span class=\"_ _109\"> </span> (0.3)<span class=\"_ _149\"> </span><span class=\"lsf2 ws148\"> (5<span class=\"_ _6\"/>27)</span>Adjustments f<span class=\"_ _5\"/>or previous years<span class=\"_ _22f\"> </span><span class=\"ws1\"> (1.7)<span class=\"_ _38\"> </span> (3,252)<span class=\"_ _109\"> </span> (4.3)<span class=\"_ _13e\"> </span> (8<span class=\"_ _6\"/>,870)</span>Other<span class=\"_ _230\"> </span> (2.1<span class=\"_ _5\"/>)<span class=\"_ _46\"> </span> (4,262)<span class=\"_ _133\"> </span><span class=\"lsfc ws11b\"> 1.<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span><span class=\"ls110 ws15f\"> 3<span class=\"_ _6\"/>,581<span class=\"_ _6\"/> </span></span>1 2Effective tax ra<span class=\"_ _5\"/>te  31.3<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span> 60,702 <span class=\"_ _3b\"> </span><span class=\"ls9d ws1\"> 25.1 <span class=\"_ _71\"> </span><span class=\"lsfc ws11b\"> 51,6<span class=\"_ _7\"/>81<span class=\"_ _6\"/> </span></span>1 T<span class=\"_ _b\"/>a<span class=\"_ _6\"/>xes on income divided by<span class=\"_ _5\"/> Income before <span class=\"_ _5\"/>taxes,<span class=\"_ _5\"/> excluding r<span class=\"_ _5\"/>esult fr<span class=\"_ _5\"/>om Investments ac<span class=\"_ _5\"/>counted f<span class=\"_ _5\"/>or using the equity me<span class=\"_ _5\"/>thod.2 The normalized ETR e<span class=\"_ _5\"/>xcluding non-deductible loss on divestments o<span class=\"_ _5\"/>f \u20ac30,1 million is 27<span class=\"_ _b\"/>.0<span class=\"_ _6\"/>%Def<span class=\"_ _5\"/>erred taxThe movemen<span class=\"_ _5\"/>t in def<span class=\"_ _5\"/>erred tax ba<span class=\"_ _5\"/>lances during the y<span class=\"_ _5\"/>ear 202<span class=\"_ _5\"/>2 was as f<span class=\"_ _b\"/>ollows:The movemen<span class=\"_ _5\"/>t in def<span class=\"_ _5\"/>erred tax ba<span class=\"_ _5\"/>lances during the y<span class=\"_ _5\"/>ear 202<span class=\"_ _b\"/>1 was as f<span class=\"_ _5\"/>ollo<span class=\"_ _5\"/>ws:Recogniz<span class=\"_ _5\"/>ed in Net ba<span class=\"_ _5\"/>lance at Recogniz<span class=\"_ _5\"/>ed inOther compr<span class=\"_ _5\"/>ehensive ExchangeNet ba<span class=\"_ _5\"/>lance atIn \u20ac thousands1 January <span class=\"_ _6\"/>2022profit<span class=\"_ _5\"/> or lossincome and Equity<span class=\"_ _54\"> </span><span class=\"wsac\">Acquisitions<span class=\"_ _16a\"> </span>Other</span>rat<span class=\"_ _5\"/>e differences31 December<span class=\"_ _5\"/> 2022<span class=\"_ _163\"> </span><span class=\"wsac\">Assets<span class=\"_ _3b\"> </span>Liabilities</span>Intangible assets and goodwil<span class=\"_ _5\"/>l<span class=\"_ _231\"> </span><span class=\"wsac\">(59,861<span class=\"_ _b\"/>)<span class=\"_ _158\"> </span><span class=\"ls10d ws12b\">4,292<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _16a\"> </span></span></span>(1,7<span class=\"_ _5\"/>83)<span class=\"_ _2e\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-  <span class=\"_ _13d\"> </span></span>(1,14<span class=\"_ _b\"/>1)<span class=\"_ _58\"> </span>(58<span class=\"_ _6\"/>,493)<span class=\"_ _a1\"> </span><span class=\"ls13e ws168\">838 <span class=\"_ _53\"> </span></span>(59,33<span class=\"_ _5\"/>1)</span>Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipment<span class=\"_ _232\"> </span><span class=\"lsef ws10b\">1,916<span class=\"_ _6\"/> <span class=\"_ _9d\"> </span></span><span class=\"wsac\">(985)<span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _16a\"> </span></span>(1,572<span class=\"_ _5\"/>)<span class=\"_ _a1\"> </span><span class=\"ls3 ws1\">546 <span class=\"_ _3e\"> </span><span class=\"ls10f ws12c\">15<span class=\"_ _7\"/>0 <span class=\"_ _20f\"> </span><span class=\"ls6f ws77\">55<span class=\"_ _6\"/> <span class=\"_ _c8\"> </span><span class=\"lsef ws10b\">1,9<span class=\"_ _6\"/>27<span class=\"_ _6\"/> <span class=\"_ _15b\"> </span></span></span></span></span>(1,872)</span>Right-of<span class=\"_ _5\"/>-use assets and lease liabilities<span class=\"_ _75\"> </span>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>51<span class=\"_ _7\"/> <span class=\"_ _9a\"> </span>(242)<span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _9c\"> </span></span>345 <span class=\"_ _233\"> </span>(<span class=\"_ _6\"/>21)<span class=\"_ _a1\"> </span>28<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _c8\"> </span><span class=\"lsf5 ws111\">6<span class=\"_ _6\"/>,<span class=\"_ _7\"/>717<span class=\"_ _6\"/> <span class=\"_ _c8\"> </span>6<span class=\"_ _7\"/>,<span class=\"_ _6\"/>717<span class=\"_ _7\"/> <span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-  </span></span>Contr<span class=\"_ _5\"/>act assets and liabilities<span class=\"_ _af\"> </span><span class=\"wsac\">(2,6<span class=\"_ _6\"/>82)<span class=\"_ _156\"> </span><span class=\"ls100 ws11c\">2<span class=\"_ _6\"/>,323<span class=\"_ _6\"/> <span class=\"_ _3d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _ff\"> </span></span></span>(1<span class=\"_ _5\"/>1,698)<span class=\"_ _2e\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-  <span class=\"_ _1bb\"> </span><span class=\"lsfb ws117\">1,14<span class=\"_ _7\"/>4<span class=\"_ _6\"/> <span class=\"_ _53\"> </span></span></span>(10,913<span class=\"_ _5\"/>)<span class=\"_ _158\"> </span><span class=\"ls119 ws136\">9,357 <span class=\"_ _133\"> </span></span>(20,270)</span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _234\"> </span>(2<span class=\"_ _6\"/>3)<span class=\"_ _d1\"> </span>22 <span class=\"_ _3d\"> </span> - <span class=\"_ _6f\"> </span><span class=\"ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _5c\"> </span> <span class=\"_ _c\"> </span>-  <span class=\"_ _5c\"> </span><span class=\"ls3 ws1\">1 <span class=\"_ _3d\"> </span></span> <span class=\"_ _c\"> </span>-  <span class=\"_ _5c\"> </span><span class=\"ls3 ws18b\"> -<span class=\"_ _1c1\"> </span></span> <span class=\"_ _c\"> </span>-  </span>Accrued expenses<span class=\"_ _162\"> </span>23<span class=\"_ _6\"/>,649<span class=\"_ _6\"/> <span class=\"_ _158\"> </span>2,<span class=\"_ _6\"/>558<span class=\"_ _6\"/> <span class=\"_ _3d\"> </span> - <span class=\"_ _20\"> </span><span class=\"lsee ws10a\">3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>13<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _157\"> </span></span>(2,6<span class=\"_ _6\"/>4<span class=\"_ _6\"/>0)<span class=\"_ _158\"> </span>1,<span class=\"_ _6\"/>187<span class=\"_ _6\"/> <span class=\"_ _66\"> </span><span class=\"lsed ws109\">2<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>8<span class=\"_ _7\"/>7<span class=\"_ _7\"/> <span class=\"_ _66\"> </span>2<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>9<span class=\"_ _6\"/>3<span class=\"_ _7\"/>6<span class=\"_ _7\"/> <span class=\"_ _1c5\"> </span><span class=\"lsff ws11b\">(<span class=\"_ _6\"/>49)</span></span>Share-based compensation<span class=\"_ _f7\"> </span>3,<span class=\"_ _6\"/>078 <span class=\"_ _9d\"> </span>(457<span class=\"_ _6\"/>)<span class=\"_ _2e\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _6f\"> </span><span class=\"ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _1bd\"> </span></span> - <span class=\"_ _233\"> </span><span class=\"ls102 ws11e\">195<span class=\"_ _6\"/> <span class=\"_ _c8\"> </span><span class=\"lsef ws10b\">2,<span class=\"_ _6\"/>816<span class=\"_ _6\"/> <span class=\"_ _c8\"> </span>2,<span class=\"_ _6\"/>816<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span></span></span><span class=\"ws176\"> <span class=\"_ _4\"> </span>-  </span></span>Deferr<span class=\"_ _5\"/>ed compensation<span class=\"_ _19f\"> </span>(3,336)<span class=\"_ _66\"> </span>(1,00<span class=\"_ _6\"/>9)<span class=\"_ _156\"> </span>4,896<span class=\"_ _6\"/> <span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-  <span class=\"_ _64\"> </span><span class=\"lsef ws10b\">1,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>9<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _d1\"> </span><span class=\"ls128 ws148\">87<span class=\"_ _6\"/> <span class=\"_ _158\"> </span><span class=\"ls110 ws15c\">2,53<span class=\"_ _6\"/>6 <span class=\"_ _c8\"> </span>2,536 <span class=\"_ _1b6\"> </span></span></span></span> <span class=\"_ _4\"> </span>-  </span>Net oper<span class=\"_ _5\"/>ating losses<span class=\"_ _1f6\"> </span>8,6<span class=\"_ _6\"/>8<span class=\"_ _6\"/>4 <span class=\"_ _c8\"> </span>8,<span class=\"_ _6\"/>924<span class=\"_ _6\"/> <span class=\"_ _3d\"> </span> - <span class=\"_ _188\"> </span><span class=\"ls100 ws11c\">4<span class=\"_ _6\"/>,332 <span class=\"_ _1b6\"> </span></span><span class=\"ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _2d\"> </span><span class=\"ls143 ws16e\">(666)<span class=\"_ _ff\"> </span><span class=\"lsf7 ws113\">2<span class=\"_ _6\"/>1<span class=\"_ _6\"/>,<span class=\"_ _7\"/>274<span class=\"_ _7\"/> <span class=\"_ _66\"> </span>2<span class=\"_ _6\"/>1<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>74<span class=\"_ _7\"/> <span class=\"_ _3d\"> </span></span></span> <span class=\"_ _c\"> </span>-  </span>Provisions<span class=\"_ _235\"> </span>5,0<span class=\"_ _6\"/>82 <span class=\"_ _158\"> </span>2,342 <span class=\"_ _2e\"> </span> - <span class=\"_ _a1\"> </span><span class=\"ls10d ws12b\">(92<span class=\"_ _6\"/>9)<span class=\"_ _15b\"> </span></span>(1,1<span class=\"_ _b\"/>25)<span class=\"_ _3e\"> </span>16<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _158\"> </span>5<span class=\"_ _6\"/>,5<span class=\"_ _6\"/>37 <span class=\"_ _c8\"> </span><span class=\"ls12d ws14f\">6,<span class=\"_ _6\"/>76<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _15b\"> </span></span>(1,228)Others<span class=\"_ _15c\"> </span>(3,0<span class=\"_ _6\"/>53)<span class=\"_ _159\"> </span>4<span class=\"_ _6\"/>9<span class=\"_ _6\"/>,<span class=\"_ _6\"/>142<span class=\"_ _7\"/> <span class=\"_ _3d\"> </span> - <span class=\"_ _a1\"> </span>(<span class=\"_ _6\"/>6<span class=\"_ _6\"/>61)<span class=\"_ _3e\"> </span><span class=\"lsec ws108\">10<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _79\"> </span></span>(1,3<span class=\"_ _5\"/>14<span class=\"_ _5\"/>)<span class=\"_ _8b\"> </span>4<span class=\"_ _6\"/>4,223 <span class=\"_ _ff\"> </span><span class=\"lsf6 ws112\">49,6<span class=\"_ _6\"/>83 <span class=\"_ _157\"> </span></span>(5<span class=\"_ _6\"/>,46<span class=\"_ _6\"/>0)Deferr<span class=\"_ _5\"/>ed tax assets/liabilities<span class=\"_ _236\"> </span><span class=\"ws1\"> (20,195)<span class=\"_ _133\"> </span><span class=\"ls6f ws13a\"> 6<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,9<span class=\"_ _6\"/>10 <span class=\"_ _15b\"> </span><span class=\"ls152 ws17e\"> 4,896 <span class=\"_ _8b\"> </span></span></span> (8<span class=\"_ _6\"/>,833)<span class=\"_ _8b\"> </span> (1,233)<span class=\"_ _233\"> </span><span class=\"ls3 ws137\"> 94 <span class=\"_ _7d\"> </span><span class=\"lscd ws108\"> 41<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>3<span class=\"_ _6\"/>9<span class=\"_ _7\"/> <span class=\"_ _3b\"> </span><span class=\"lsfb ws134\"> 12<span class=\"_ _6\"/>9<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>4<span class=\"_ _7\"/>9 <span class=\"_ _109\"> </span></span></span></span> (88<span class=\"_ _6\"/>,210)</span>Offsetting<span class=\"_ _237\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _1b6\"> </span> - <span class=\"_ _6f\"> </span> - <span class=\"_ _6f\"> </span> - <span class=\"_ _238\"> </span> - <span class=\"_ _238\"> </span> - <span class=\"_ _6f\"> </span> - <span class=\"_ _7d\"> </span></span><span class=\"ws1\"> (57<span class=\"_ _b\"/>,939)<span class=\"_ _1b7\"> </span><span class=\"lsed ws163\"> 5<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>3<span class=\"_ _7\"/>9<span class=\"_ _7\"/> </span></span>Net def<span class=\"_ _5\"/>erred taxes<span class=\"_ _239\"> </span><span class=\"ws1\"> (20,195)<span class=\"_ _133\"> </span><span class=\"ls6f ws13a\"> 6<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,9<span class=\"_ _6\"/>10 <span class=\"_ _15b\"> </span><span class=\"ls152 ws17e\"> 4,896 <span class=\"_ _8b\"> </span></span></span> (8<span class=\"_ _6\"/>,833)<span class=\"_ _8b\"> </span> (1,233)<span class=\"_ _233\"> </span><span class=\"ls3 ws137\"> 94 <span class=\"_ _7d\"> </span><span class=\"lscd ws108\"> 41<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>3<span class=\"_ _6\"/>9<span class=\"_ _7\"/> <span class=\"_ _7d\"> </span><span class=\"ls57 ws164\"> 71<span class=\"_ _6\"/>,910<span class=\"_ _6\"/> <span class=\"_ _83\"> </span></span></span></span> (30,271<span class=\"_ _b\"/>)</span>Recogniz<span class=\"_ _5\"/>ed in Net ba<span class=\"_ _5\"/>lance at Recogniz<span class=\"_ _5\"/>ed inOther compr<span class=\"_ _5\"/>ehensive ExchangeNet ba<span class=\"_ _5\"/>lance atIn \u20ac thousands1 January <span class=\"_ _6\"/>2021profit<span class=\"_ _5\"/> or lossincome and Equity<span class=\"_ _54\"> </span><span class=\"wsac\">Acquisitions<span class=\"_ _16a\"> </span>Other</span>rat<span class=\"_ _5\"/>e differences31 December<span class=\"_ _5\"/> 2021Assets<span class=\"_ _3b\"> </span>LiabilitiesIntangible assets and goodwil<span class=\"_ _5\"/>l<span class=\"_ _1e\"> </span> (46<span class=\"_ _6\"/>,869)<span class=\"_ _159\"> </span> (8,526)<span class=\"_ _2e\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _6f\"> </span> - <span class=\"_ _1bb\"> </span></span> (9<span class=\"_ _6\"/>85)<span class=\"_ _159\"> </span> (3<span class=\"_ _6\"/>,481)<span class=\"_ _109\"> </span> (59,861<span class=\"_ _5\"/>)<span class=\"_ _9a\"> </span><span class=\"ls3 ws137\"> 303 <span class=\"_ _83\"> </span></span> (59,87<span class=\"_ _b\"/>6<span class=\"_ _6\"/>)Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipment<span class=\"_ _23a\"> </span> 74<span class=\"_ _7\"/>0<span class=\"_ _6\"/> <span class=\"_ _9a\"> </span><span class=\"ls3 ws137\"> 30<span class=\"_ _6\"/>0 <span class=\"_ _1b6\"> </span><span class=\"ls14a\"> - <span class=\"_ _238\"> </span> - <span class=\"_ _a1\"> </span><span class=\"ls13b ws198\"> 808 <span class=\"_ _1bf\"> </span></span></span> 68 <span class=\"_ _163\"> </span><span class=\"lsef ws11c\"> 1,916<span class=\"_ _6\"/> <span class=\"_ _163\"> </span><span class=\"ls10e ws111\"> 2<span class=\"_ _7\"/>,<span class=\"_ _6\"/>11<span class=\"_ _6\"/>5<span class=\"_ _7\"/> <span class=\"_ _3d\"> </span></span></span><span class=\"ls14a\"> - </span></span>Right-of<span class=\"_ _5\"/>-use assets and lease liabilities<span class=\"_ _67\"> </span> 5<span class=\"_ _6\"/>,26<span class=\"_ _6\"/>3 <span class=\"_ _23b\"> </span> 726 <span class=\"_ _1b6\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _238\"> </span> - <span class=\"_ _6f\"> </span> - <span class=\"_ _3e\"> </span><span class=\"ls48 ws167\"> 362 <span class=\"_ _163\"> </span><span class=\"lsf8 wse9\"> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>51<span class=\"_ _6\"/> <span class=\"_ _79\"> </span><span class=\"ls2 ws14a\"> 6,352<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span></span></span></span> - </span>Contr<span class=\"_ _5\"/>act assets and liabilities<span class=\"_ _23c\"> </span> (8,8<span class=\"_ _6\"/>83)<span class=\"_ _160\"> </span> 6<span class=\"_ _6\"/>,385<span class=\"_ _6\"/> <span class=\"_ _3d\"> </span> - <span class=\"_ _6f\"> </span> - <span class=\"_ _238\"> </span> - <span class=\"_ _9a\"> </span><span class=\"lsfc ws11b\"> (18<span class=\"_ _6\"/>4<span class=\"_ _6\"/>)<span class=\"_ _159\"> </span></span> (2,68<span class=\"_ _6\"/>2)<span class=\"_ _157\"> </span> 5,0<span class=\"_ _6\"/>6<span class=\"_ _6\"/>4 <span class=\"_ _157\"> </span> (7<span class=\"_ _5\"/>,7<span class=\"_ _5\"/>45)Derivativ<span class=\"_ _5\"/>es<span class=\"_ _1c2\"> </span> (10)<span class=\"_ _3e\"> </span> (<span class=\"_ _6\"/>12)<span class=\"_ _64\"> </span> (<span class=\"_ _6\"/>11<span class=\"_ _6\"/>4<span class=\"_ _6\"/>)<span class=\"_ _1b6\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _238\"> </span> - <span class=\"_ _1b9\"> </span></span> 113<span class=\"_ _7\"/> <span class=\"_ _2d\"> </span><span class=\"ls10c ws136\"> (2<span class=\"_ _6\"/>3)<span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _9c\"> </span></span> (2<span class=\"_ _6\"/>3)</span>Accrued expenses<span class=\"_ _23d\"> </span> 24<span class=\"_ _6\"/>,<span class=\"_ _7\"/>813<span class=\"_ _6\"/> <span class=\"_ _42\"> </span> 17<span class=\"_ _6\"/>3<span class=\"_ _7\"/> <span class=\"_ _3d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _6f\"> </span> - <span class=\"_ _160\"> </span></span> (2,530)<span class=\"_ _79\"> </span><span class=\"ls102 ws11a\"> 1,<span class=\"_ _6\"/>193<span class=\"_ _6\"/> <span class=\"_ _53\"> </span></span> 23<span class=\"_ _6\"/>,649<span class=\"_ _6\"/> <span class=\"_ _1b7\"> </span><span class=\"lsf0 ws15c\"> 24,<span class=\"_ _6\"/>57<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _13d\"> </span></span> (4<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0)Share-based compensation<span class=\"_ _178\"> </span> 352<span class=\"_ _6\"/> <span class=\"_ _1bf\"> </span> 69 <span class=\"_ _3d\"> </span> - <span class=\"_ _6f\"> </span> - <span class=\"_ _158\"> </span><span class=\"ls3\"> 2,5<span class=\"_ _5\"/>30 <span class=\"_ _23b\"> </span><span class=\"lsf9 ws178\"> 12<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _163\"> </span><span class=\"lsfe ws5b\"> 3,078<span class=\"_ _6\"/> <span class=\"_ _79\"> </span> 3<span class=\"_ _6\"/>,078<span class=\"_ _6\"/> <span class=\"_ _3d\"> </span></span></span><span class=\"ls14a\"> - </span></span>Deferr<span class=\"_ _5\"/>ed compensation<span class=\"_ _210\"> </span><span class=\"ls12d ws116\"> 4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>619<span class=\"_ _6\"/> <span class=\"_ _2d\"> </span><span class=\"lsf0 ws15c\"> (<span class=\"_ _6\"/>52)<span class=\"_ _193\"> </span></span></span> (7<span class=\"_ _5\"/>,926)<span class=\"_ _2e\"> </span> - <span class=\"_ _23e\"> </span> (<span class=\"_ _6\"/>1)<span class=\"_ _1bf\"> </span><span class=\"lsf0 ws15c\"> 24 <span class=\"_ _ff\"> </span></span> (3,336)<span class=\"_ _3d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _163\"> </span></span> (3,335)Net oper<span class=\"_ _5\"/>ating losses<span class=\"_ _23f\"> </span> 7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>0<span class=\"_ _6\"/>7<span class=\"_ _7\"/> <span class=\"_ _9b\"> </span> 460 <span class=\"_ _1b6\"> </span> - <span class=\"_ _238\"> </span> - <span class=\"_ _2d\"> </span> 207<span class=\"_ _6\"/> <span class=\"_ _23b\"> </span><span class=\"lsf0 ws15c\"> 210<span class=\"_ _6\"/> <span class=\"_ _15b\"> </span></span> 8<span class=\"_ _6\"/>,68<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _79\"> </span><span class=\"lsec ws112\"> 6<span class=\"_ _6\"/>,935<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws137\"> - </span></span>Provisions<span class=\"_ _1ff\"> </span> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>7<span class=\"_ _6\"/>12<span class=\"_ _6\"/> <span class=\"_ _79\"> </span> 1,0<span class=\"_ _7\"/>68<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _238\"> </span> - <span class=\"_ _4a\"> </span></span> 12<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _9b\"> </span><span class=\"lsfc ws11b\"> 18<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _79\"> </span></span><span class=\"ws1\"> 5,082<span class=\"_ _6\"/> <span class=\"_ _79\"> </span><span class=\"lsfa ws43\"> 5,8<span class=\"_ _6\"/>42<span class=\"_ _6\"/> <span class=\"_ _2d\"> </span></span> (20)</span>Others<span class=\"_ _240\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _79\"> </span></span><span class=\"ws1\"> (2,65<span class=\"_ _b\"/>1)<span class=\"_ _2e\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _6f\"> </span> - <span class=\"_ _9b\"> </span><span class=\"lsf8 wse9\"> (1<span class=\"_ _6\"/>51)<span class=\"_ _20\"> </span></span></span> (25<span class=\"_ _5\"/>1)<span class=\"_ _8b\"> </span> (3,0<span class=\"_ _6\"/>53)<span class=\"_ _2e\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _163\"> </span></span> (3,058)</span>Deferr<span class=\"_ _5\"/>ed tax assets/liabilities<span class=\"_ _241\"> </span><span class=\"ws1\"> (8,45<span class=\"_ _6\"/>6)<span class=\"_ _1b7\"> </span> (2,0<span class=\"_ _6\"/>6<span class=\"_ _6\"/>0)<span class=\"_ _1b7\"> </span> (8,0<span class=\"_ _6\"/>4<span class=\"_ _6\"/>0)<span class=\"_ _2e\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _6f\"> </span> - <span class=\"_ _160\"> </span></span> (1,639)<span class=\"_ _161\"> </span> (20<span class=\"_ _6\"/>,195)<span class=\"_ _52\"> </span> 5<span class=\"_ _6\"/>4,26<span class=\"_ _6\"/>2 <span class=\"_ _109\"> </span> (74,457)</span>Offsetting<span class=\"_ _242\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _238\"> </span> - <span class=\"_ _6f\"> </span> - <span class=\"_ _238\"> </span> - <span class=\"_ _6f\"> </span> - <span class=\"_ _5c\"> </span> - <span class=\"_ _6f\"> </span> - <span class=\"_ _83\"> </span></span><span class=\"ws1\"> (29,588)<span class=\"_ _133\"> </span><span class=\"lsf6 ws10f\"> 29,<span class=\"_ _6\"/>58<span class=\"_ _6\"/>8 </span></span>Net def<span class=\"_ _5\"/>erred taxes<span class=\"_ _1f6\"> </span><span class=\"ws1\"> (8<span class=\"_ _6\"/>,456)<span class=\"_ _1b7\"> </span> (2<span class=\"_ _6\"/>,06<span class=\"_ _6\"/>0)<span class=\"_ _1b7\"> </span> (8<span class=\"_ _6\"/>,04<span class=\"_ _6\"/>0)<span class=\"_ _3d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _238\"> </span> - <span class=\"_ _160\"> </span></span> (1,639)<span class=\"_ _161\"> </span> (2<span class=\"_ _6\"/>0,195)<span class=\"_ _53\"> </span><span class=\"ls16c ws133\"> 2<span class=\"_ _6\"/>4<span class=\"_ _7\"/>,<span class=\"_ _6\"/>6<span class=\"_ _7\"/>74<span class=\"_ _6\"/> <span class=\"_ _161\"> </span></span> (4<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,86<span class=\"_ _6\"/>9)</span>Def<span class=\"_ _5\"/>erred income tax asse<span class=\"_ _5\"/>ts and liabilities are offset<span class=\"_ _5\"/> when ther<span class=\"_ _5\"/>e is a legall<span class=\"_ _b\"/>y enf<span class=\"_ _5\"/>orceable righ<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o set o<span class=\"_ _5\"/>f curren<span class=\"_ _5\"/>t tax against<span class=\"_ _5\"/> current<span class=\"_ _5\"/> tax liabilities and when <span class=\"_ _5\"/>the deferr<span class=\"_ _5\"/>ed tax assets and liabilities r<span class=\"_ _5\"/>elate <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the same taxation authoritity and <span class=\"_ _5\"/>the same taxable entity<span class=\"_ _0\"/>.A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the gross amount<span class=\"_ _5\"/> of ne<span class=\"_ _5\"/>t opera<span class=\"_ _5\"/>ting losses,<span class=\"_ _b\"/> amounting t<span class=\"_ _5\"/>o \u20ac8<span class=\"_ _6\"/>8.4 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac38.0<span class=\"_ _6\"/> million,<span class=\"_ _b\"/> f<span class=\"_ _5\"/>or which a def<span class=\"_ _b\"/>erred tax asset has been r<span class=\"_ _5\"/>ecognized expir<span class=\"_ _5\"/>es as f<span class=\"_ _5\"/>ollows:T<span class=\"_ _b\"/>otal net Net oper<span class=\"_ _5\"/>ating Net <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Deferr<span class=\"_ _5\"/>ed <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>operating <span class=\"_ _1\"/><span class=\"ls3 ws1\"> </span>losses not operating l<span class=\"_ _5\"/>osses tax asset in \u20ac thousandslossesrecognizedrecognizedrecognized2023<span class=\"_ _6\"/> <span class=\"_ _243\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   </span>20<span class=\"_ _6\"/>24 <span class=\"_ _21a\"> </span> 181 <span class=\"_ _ff\"> </span> 89 <span class=\"_ _193\"> </span><span class=\"ls101 wsac\"> 91 <span class=\"_ _ff\"> </span><span class=\"lsf1 ws166\"> 22<span class=\"_ _6\"/> </span></span>2025<span class=\"_ _6\"/> <span class=\"_ _85\"> </span> 1,6<span class=\"_ _6\"/>8<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span> 1<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>76<span class=\"_ _6\"/> <span class=\"_ _193\"> </span><span class=\"lsec ws112\"> 10 <span class=\"_ _c8\"> </span><span class=\"ls3 ws137\"> 2 </span></span>2026<span class=\"_ _6\"/> <span class=\"_ _85\"> </span> 7,<span class=\"_ _7\"/>0<span class=\"_ _7\"/>6<span class=\"_ _7\"> </span>8<span class=\"_ _7\"> </span> <span class=\"_ _83\"> </span> 19<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span><span class=\"ls12d ws116\"> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>876<span class=\"_ _6\"/> <span class=\"_ _83\"> </span></span><span class=\"ws132\"> 826<span class=\"_ _6\"/> </span>2027<span class=\"_ _6\"/> <span class=\"_ _85\"> </span> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>14<span class=\"_ _7\"/>4<span class=\"_ _6\"/> <span class=\"_ _109\"> </span> 223<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span><span class=\"ls10d ws10d\"> 5<span class=\"_ _6\"/>,922<span class=\"_ _6\"/> <span class=\"_ _109\"> </span><span class=\"ls13e ws139\"> 83<span class=\"_ _6\"/>8 </span></span>&gt;2<span class=\"_ _6\"/>027<span class=\"_ _6\"/> <span class=\"_ _1ad\"> </span> 10,<span class=\"_ _6\"/>670<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span> 1,3<span class=\"_ _6\"/>9<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _4f\"> </span> 9,<span class=\"_ _6\"/>271<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>210Unlimited<span class=\"_ _244\"> </span> 145<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>9<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span> 78<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>9<span class=\"_ _6\"/>5 <span class=\"_ _71\"> </span><span class=\"ls119 ws17c\"> 66<span class=\"_ _6\"/>,203 <span class=\"_ _46\"> </span><span class=\"lsed ws163\"> 1<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>3<span class=\"_ _6\"/>7<span class=\"_ _6\"/>6<span class=\"_ _7\"/> </span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _90\"> </span> 1<span class=\"_ _5\"/>70,84<span class=\"_ _5\"/>7 <span class=\"_ _71\"> </span><span class=\"ls16c ws133\"> 8<span class=\"_ _6\"/>2<span class=\"_ _7\"/>,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>74<span class=\"_ _7\"/> <span class=\"_ _29\"> </span><span class=\"ls9d ws1\"> 8<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,373 <span class=\"_ _13e\"> </span></span> 21<span class=\"_ _6\"/>,<span class=\"_ _7\"/>274<span class=\"_ _7\"/> </span>The majority of<span class=\"_ _5\"/> the abov<span class=\"_ _5\"/>e-mentioned deferred <span class=\"_ _5\"/>tax assets rela<span class=\"_ _5\"/>te <span class=\"_ _5\"/>to tax<span class=\"_ _5\"/> jurisdictions in which Arcadis has suffered a <span class=\"_ _5\"/>tax loss in the curr<span class=\"_ _5\"/>ent o<span class=\"_ _5\"/>f a preceding period.<span class=\"_ _0\"/> Signif<span class=\"_ _6\"/>icant judgemen<span class=\"_ _5\"/>t is required in de<span class=\"_ _5\"/>termining whether de<span class=\"_ _5\"/>ferred <span class=\"_ _5\"/>tax assets are r<span class=\"_ _5\"/>ealizable.<span class=\"_ _0\"/> Arcadis det<span class=\"_ _5\"/>ermines this on <span class=\"_ _5\"/>the basis of e<span class=\"_ _5\"/>xpected taxable pr<span class=\"_ _5\"/>ofits arising from <span class=\"_ _5\"/>the reversa<span class=\"_ _5\"/>l of<span class=\"_ _5\"/> recognized de<span class=\"_ _5\"/>ferred <span class=\"_ _5\"/>tax liabilities and on the basis of<span class=\"_ _5\"/> budgets,<span class=\"_ _b\"/> cash flow<span class=\"_ _5\"/> for<span class=\"_ _5\"/>ecasts and impairment models.<span class=\"_ _0\"/> Where utilization is no<span class=\"_ _b\"/>t considered probabl<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> deferred <span class=\"_ _5\"/>tax assets are no<span class=\"_ _5\"/>t rec<span class=\"_ _5\"/>ognized.A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the aggrega<span class=\"_ _5\"/>te amount<span class=\"_ _5\"/> of<span class=\"_ _5\"/> tempor<span class=\"_ _5\"/>ar<span class=\"_ _6\"/>y differ<span class=\"_ _5\"/>ences associat<span class=\"_ _b\"/>ed with undistributed earnings of<span class=\"_ _5\"/> subsidiaries for<span class=\"_ _5\"/> which def<span class=\"_ _5\"/>erred tax<span class=\"_ _5\"/> liabilities have no<span class=\"_ _5\"/>t been rec<span class=\"_ _5\"/>ognized was \u20ac1<span class=\"_ _b\"/>6<span class=\"_ _6\"/>4.4 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac1<span class=\"_ _b\"/>39.2 million).<span class=\"_ _b\"/> No liability has been recognized in r<span class=\"_ _5\"/>espect of<span class=\"_ _5\"/> these differenc<span class=\"_ _5\"/>es because the Group is in a position t<span class=\"_ _5\"/>o control <span class=\"_ _5\"/>the timing o<span class=\"_ _5\"/>f the re<span class=\"_ _5\"/>versal o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>temporary differ<span class=\"_ _5\"/>ences,<span class=\"_ _b\"/> and it is probable <span class=\"_ _5\"/>that<span class=\"_ _5\"/> such differenc<span class=\"_ _5\"/>es will not rev<span class=\"_ _5\"/>erse in the foreseeable futur<span class=\"_ _5\"/>e.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__126": {
   "value": "Basic earnings per share is calculated by dividing the profit or loss attributable to the equity holders of the Company by the weighted average number of shares outstanding during the period, excluding ordinary shares purchased by the Company and held as treasury shares (i.e. shares purchased to cover share/option plans). Diluted earnings per share is calculated based on the basic earnings per share and using the weighted average number of shares and options outstanding during the period as far as these have a potential dilutive effect, i.e. when the exercise price of these options is lower than the share price. The average number of potentially diluted shares is based on the average share price in the period on the Euronext Amsterdam Stock Exchange and the options that were in the money.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__39": {
   "value": "F<span class=\"_ _5\"/>or calcula<span class=\"_ _5\"/>ting the earnings per shar<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> the f<span class=\"_ _5\"/>ollo<span class=\"_ _5\"/>wing numbers of a<span class=\"_ _5\"/>vera<span class=\"_ _5\"/>ge shares are used:Number of<span class=\"_ _5\"/> shares<span class=\"_ _245\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02 A<span class=\"_ _b\"/>verage number of<span class=\"_ _5\"/> issued shares <span class=\"_ _14a\"> </span><span class=\"wsac\">9<span class=\"_ _6\"/>0,422,091<span class=\"_ _e5\"> </span></span> 9<span class=\"_ _6\"/>0,6<span class=\"_ _6\"/>61<span class=\"_ _5\"/>,792  A<span class=\"_ _b\"/>verage number of<span class=\"_ _5\"/> treasury shares <span class=\"_ _148\"> </span><span class=\"wsac\">(1<span class=\"_ _5\"/>,072,627)<span class=\"_ _e5\"> </span><span class=\"ws1\"> (1<span class=\"_ _5\"/>,278,473<span class=\"_ _5\"/>)</span></span> T<span class=\"_ _b\"/>otal a<span class=\"_ _5\"/>verage number<span class=\"_ _5\"/> of ordinary outs<span class=\"_ _5\"/>tanding shares <span class=\"_ _246\"> </span><span class=\"wsac\">89,3<span class=\"_ _6\"/>69,4<span class=\"_ _6\"/>64<span class=\"_ _6\"/> <span class=\"_ _b6\"> </span></span> 89,3<span class=\"_ _6\"/>83,319  A<span class=\"_ _b\"/>verage number of<span class=\"_ _5\"/> pot<span class=\"_ _5\"/>entiall<span class=\"_ _5\"/>y dilutive shar<span class=\"_ _5\"/>es <span class=\"_ _ad\"> </span><span class=\"lsf6 ws112\">62,296<span class=\"_ _37\"> </span><span class=\"ls10f ws129\"> 3<span class=\"_ _6\"/>93<span class=\"_ _6\"/>,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal av<span class=\"_ _5\"/>erage number o<span class=\"_ _5\"/>f dilut<span class=\"_ _5\"/>ed shares<span class=\"_ _a3\"> </span><span class=\"wsac\">89,431,760<span class=\"_ _a8\"> </span><span class=\"lsf0 ws10c\">8<span class=\"_ _6\"/>9,<span class=\"_ _6\"/>776<span class=\"_ _6\"/>,<span class=\"_ _6\"/>475<span class=\"_ _6\"/> </span></span>Of <span class=\"_ _5\"/>the outstanding options a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> a number of<span class=\"_ _5\"/> <span class=\"ls62 ws66\">4<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>702<span class=\"_ _6\"/></span> options w<span class=\"_ _5\"/>ere in the mone<span class=\"_ _5\"/>y and ex<span class=\"_ _5\"/>ercisable (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: 104,0<span class=\"_ _6\"/>46).<span class=\"_ _5\"/> Exercising op<span class=\"_ _5\"/>tions may<span class=\"_ _5\"/> lead t<span class=\"_ _5\"/>o dilution.<span class=\"_ _b\"/> T<span class=\"_ _0\"/>o avoid dilution as much as possibl<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> Arcadis r<span class=\"_ _5\"/>epurchases its own shares,<span class=\"_ _0\"/> which are reissued a<span class=\"_ _5\"/>t the moment<span class=\"_ _5\"/> options ar<span class=\"_ _5\"/>e exer<span class=\"_ _5\"/>cised.The t<span class=\"_ _5\"/>otal earnings o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the Group and the earnings per shar<span class=\"_ _5\"/>e are as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span><span class=\"fs7b lscd wse4\">2<span class=\"_ _6\"/>021</span>Net inc<span class=\"_ _5\"/>ome<span class=\"_ _1dd\"> </span><span class=\"lsee ws10a\">13<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,<span class=\"_ _7\"/>53<span class=\"_ _7\"/>0<span class=\"_ _48\"> </span><span class=\"lsed ws163\"> 1<span class=\"_ _6\"/>6<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>8<span class=\"_ _7\"/>3<span class=\"_ _7\"/> </span></span>1Net inc<span class=\"_ _5\"/>ome from Opera<span class=\"_ _5\"/>tions 20<span class=\"_ _6\"/>2,<span class=\"_ _6\"/>210<span class=\"_ _37\"> </span><span class=\"lsf5 ws117\"> 175<span class=\"_ _7\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>8<span class=\"_ _7\"/>4<span class=\"_ _7\"/> </span>1 Non-GAAP performance measure,<span class=\"_ _b\"/> to provide tr<span class=\"_ _5\"/>ansparency on the underl<span class=\"_ _5\"/>ying per<span class=\"_ _6\"/>formance o<span class=\"_ _5\"/>f our business.<span class=\"_ _b\"/> Reference is made <span class=\"_ _5\"/>to the Glossary non-<span class=\"_ _5\"/>financial and financial indicat<span class=\"_ _5\"/>ors on page <span class=\"ls16d ws1a2\">286 </span>for the de<span class=\"_ _5\"/>finition as used by Arcadis.<span class=\"_ _b\"/> <span class=\"_ _ae\"> </span> In \u20ac<span class=\"_ _16e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _83\"> </span></span><span class=\"fs7b lscd wse4\">2021</span>Earnings per share<span class=\"_ _5\"/>/Diluted earnings per shar<span class=\"_ _5\"/>eNet inc<span class=\"_ _5\"/>ome<span class=\"_ _18f\"> </span>1.52/ 1.52<span class=\"_ _e4\"> </span>1.88/ 1.87 1Net inc<span class=\"_ _5\"/>ome from Opera<span class=\"_ _5\"/>tions 2.26/ 2.26<span class=\"_ _d4\"> </span> 1.96/ 1.95 1 Non-GAAP performance measure,<span class=\"_ _b\"/> to provide tr<span class=\"_ _5\"/>ansparency on the underl<span class=\"_ _5\"/>ying per<span class=\"_ _6\"/>formance o<span class=\"_ _5\"/>f our business.<span class=\"_ _b\"/> Reference is made <span class=\"_ _5\"/>to the Glossary non-<span class=\"_ _5\"/>financial and financial indicat<span class=\"_ _5\"/>ors on page <span class=\"ls16d ws1a2\">286 </span>for the de<span class=\"_ _5\"/>finition as used by Arcadis.<span class=\"_ _b\"/> <span class=\"_ _ae\"> </span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__130": {
   "value": "GoodwillGoodwill arises from business combinations and represents the excess of the cost of the acquisition over the Company\u2019s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the acquired company. Goodwill in respect of equity accounted investees is included in the carrying amount of the investment. Goodwill is measured at cost less accumulated impairment losses.Other intangible assets Other intangible assets mainly consist of customer relationships, trade names and expected profits in the backlog of acquired companies at the acquisition date. Measurement of Other intangible assets acquired in a business combination involves the use of estimates for determining the fair value at acquisition date. This mainly relates to expected profits in the backlog of the acquired companies, the customer lists at the acquisition date and the trade name value. The fair value is based on discounted cash flows expected to be received from these identifiable intangible assets. Subsequently, the assets are amortized over the estimated useful life. The amortization is recognized in profit or loss on a straight-line basis, except for the backlog which is calculated based on the expected pattern of consumption of future economic benefits embodied in the backlog. The amortization methods and useful lives, as well as residual values, are reassessed annually.SoftwareSoftware is measured at cost less accumulated amortization and impairment losses. Software has a finite life and is amortized on a straight-line basis over the estimated useful life. The amortization methods and useful lives, as well as residual values, are reassessed annually. Subsequent costs are recognized in the carrying amount of Software only when it increases the future economic benefits. All other expenditures are recognized in profit or loss as incurred.Configuration and customization costs relating to cloud computing arrangements, whereby the Company does not obtain an intangible asset, are expensed when incurred. In such case, prepaid licenses are recognized as prepaid expenses (as part of Other current assets) and testing, training and data conversion costs are recognized as Personnel costs and/or Other operational costs as incurred.   Estimated useful lives The estimated useful lives of Goodwill and Intangible assets varies according to their respective categories, as shown below.Category YearsGoodwill Not amortizedSoftware  0.5 \u2013 10 Other intangible assets 3 \u2013 10 Intangibles under development Not amortized (yet)",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__128-1": {
   "value": "GoodwillGoodwill arises fr<span class=\"_ _5\"/>om business combinations and repr<span class=\"_ _5\"/>esents the ex<span class=\"_ _5\"/>cess of<span class=\"_ _5\"/> the cost<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the acquisition over<span class=\"_ _5\"/> the Company\u2019s in<span class=\"_ _5\"/>terest<span class=\"_ _5\"/> in the net <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alue o<span class=\"_ _5\"/>f the identifiable assets,<span class=\"_ _0\"/> liabilities and contingent liabilities o<span class=\"_ _5\"/>f the ac<span class=\"_ _5\"/>quired company<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Goodwill in respect o<span class=\"_ _5\"/>f equity ac<span class=\"_ _5\"/>count<span class=\"_ _5\"/>ed invest<span class=\"_ _5\"/>ees is included in the carrying amount o<span class=\"_ _5\"/>f the inves<span class=\"_ _5\"/>tment.<span class=\"_ _b\"/> Goodwill is measured a<span class=\"_ _5\"/>t cost<span class=\"_ _5\"/> less accumula<span class=\"_ _5\"/>ted impairment<span class=\"_ _5\"/> losses.Goodwill at<span class=\"_ _5\"/> acquisition da<span class=\"_ _5\"/>te is measured as the <span class=\"_ _5\"/>fair <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f the consider<span class=\"_ _5\"/>ation trans<span class=\"_ _5\"/>ferred plus <span class=\"_ _5\"/>the recognized amoun<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> any non-control<span class=\"_ _5\"/>ling interes<span class=\"_ _5\"/>t in the ac<span class=\"_ _5\"/>quiree less the ne<span class=\"_ _5\"/>t recognized amoun<span class=\"_ _5\"/>t (fair <span class=\"_ _5\"/>value) o<span class=\"_ _5\"/>f the identifiable asse<span class=\"_ _5\"/>ts acquired and liabilities assumed.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__131": {
   "value": "Other intangible assets Other intangible assets mainly consist of customer relationships, trade names and expected profits in the backlog of acquired companies at the acquisition date. Measurement of Other intangible assets acquired in a business combination involves the use of estimates for determining the fair value at acquisition date. This mainly relates to expected profits in the backlog of the acquired companies, the customer lists at the acquisition date and the trade name value. The fair value is based on discounted cash flows expected to be received from these identifiable intangible assets. Subsequently, the assets are amortized over the estimated useful life. The amortization is recognized in profit or loss on a straight-line basis, except for the backlog which is calculated based on the expected pattern of consumption of future economic benefits embodied in the backlog. The amortization methods and useful lives, as well as residual values, are reassessed annually.SoftwareSoftware is measured at cost less accumulated amortization and impairment losses. Software has a finite life and is amortized on a straight-line basis over the estimated useful life. The amortization methods and useful lives, as well as residual values, are reassessed annually. Subsequent costs are recognized in the carrying amount of Software only when it increases the future economic benefits. All other expenditures are recognized in profit or loss as incurred.Configuration and customization costs relating to cloud computing arrangements, whereby the Company does not obtain an intangible asset, are expensed when incurred. In such case, prepaid licenses are recognized as prepaid expenses (as part of Other current assets) and testing, training and data conversion costs are recognized as Personnel costs and/or Other operational costs as incurred.   Estimated useful lives The estimated useful lives of Goodwill and Intangible assets varies according to their respective categories, as shown below.Category YearsGoodwill Not amortizedSoftware  0.5 \u2013 10 Other intangible assets 3 \u2013 10 Intangibles under development Not amortized (yet)",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__44": {
   "value": "Other <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Intangibles intangible under In \u20ac thousands<span class=\"_ _236\"> </span><span class=\"fs7b fc1 ls9d wsac\">Goodwil<span class=\"_ _5\"/>l</span>assets<span class=\"_ _b3\"> </span>Software developmen<span class=\"_ _5\"/>t <span class=\"_ _a0\"> </span><span class=\"ff1 ls163 ws193\">To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l</span>Cost<span class=\"_ _153\"> </span><span class=\"lsef ws11c\"> 781,616<span class=\"_ _6\"/> <span class=\"_ _e5\"> </span><span class=\"lsf2 ws148\"> 270<span class=\"_ _6\"/>,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>45<span class=\"_ _6\"/> <span class=\"_ _d4\"> </span><span class=\"ls9d ws1\"> 68<span class=\"_ _6\"/>,84<span class=\"_ _6\"/>8 <span class=\"_ _76\"> </span><span class=\"ls6f ws13a\"> 555<span class=\"_ _6\"/> <span class=\"_ _d8\"> </span></span></span></span> 1,<span class=\"_ _6\"/>121,6<span class=\"_ _6\"/>6<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span>Accumulat<span class=\"_ _5\"/>ed amortization<span class=\"_ _ea\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _d9\"> </span></span> (236,435)<span class=\"_ _a9\"> </span> (56<span class=\"_ _6\"/>,30<span class=\"_ _6\"/>4)<span class=\"_ _52\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _df\"> </span></span> (292,739)At<span class=\"_ _5\"/> 1 January 2021 <span class=\"_ _67\"> </span> 781,<span class=\"_ _6\"/>616<span class=\"_ _6\"/> <span class=\"_ _39\"> </span> 3<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>210<span class=\"_ _6\"/> <span class=\"_ _d4\"> </span> 12<span class=\"_ _7\"/>,5<span class=\"_ _6\"/>4<span class=\"_ _7\"/>4<span class=\"_ _6\"/> <span class=\"_ _76\"> </span><span class=\"ls2 ws14a\"> 555 <span class=\"_ _df\"> </span></span> 82<span class=\"_ _6\"/>8,925<span class=\"_ _6\"/>Additions<span class=\"_ _24c\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _8b\"> </span> - <span class=\"_ _37\"> </span><span class=\"lsf8 wse9\"> 4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>41<span class=\"_ _6\"/> <span class=\"_ _133\"> </span></span> - <span class=\"_ _37\"> </span><span class=\"lsf8 wse9\"> 4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>41<span class=\"_ _6\"/> </span></span>Acquisitions of<span class=\"_ _5\"/> subsidiaries<span class=\"_ _ea\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - </span>Disposals<span class=\"_ _24c\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _109\"> </span><span class=\"ls10c ws136\"> (3)<span class=\"_ _71\"> </span><span class=\"ls111 ws20\"> (<span class=\"_ _6\"/>161)<span class=\"_ _133\"> </span></span></span> - <span class=\"_ _46\"> </span><span class=\"lsef ws11c\"> (16<span class=\"_ _6\"/>4)</span></span>Amortization charges<span class=\"_ _24d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _39\"> </span></span> (1<span class=\"_ _5\"/>1,436)<span class=\"_ _e4\"> </span> (6<span class=\"_ _6\"/>,432)<span class=\"_ _58\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _39\"> </span></span> (17<span class=\"_ _b\"/>,86<span class=\"_ _6\"/>8)Impairment char<span class=\"_ _5\"/>ges<span class=\"_ _146\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - </span>Reclassifications<span class=\"_ _24e\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _109\"> </span> (2)<span class=\"_ _18a\"> </span><span class=\"lsf7 ws17f\"> (<span class=\"_ _7\"/>5<span class=\"_ _6\"/>74<span class=\"_ _6\"/>)<span class=\"_ _18a\"> </span><span class=\"ls12d ws116\"> (5<span class=\"_ _6\"/>76<span class=\"_ _6\"/>)</span></span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _139\"> </span> 4<span class=\"_ _6\"/>9,0<span class=\"_ _6\"/>03<span class=\"_ _6\"/> <span class=\"_ _de\"> </span> 1,4<span class=\"_ _6\"/>3<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _46\"> </span> 488 <span class=\"_ _3a\"> </span><span class=\"ls102 ws11a\"> 19<span class=\"_ _6\"/> <span class=\"_ _39\"> </span></span> 50,9<span class=\"_ _6\"/>48Movement<span class=\"_ _5\"/> 2021 <span class=\"_ _24f\"> </span> 49,0<span class=\"_ _6\"/>03<span class=\"_ _6\"/> <span class=\"_ _b2\"> </span> (10,0<span class=\"_ _6\"/>01)<span class=\"_ _a5\"> </span> (1,166)<span class=\"_ _54\"> </span><span class=\"ls2 ws14a\"> (555)<span class=\"_ _4d\"> </span><span class=\"ls147 ws172\"> 3<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>8<span class=\"_ _6\"/>1<span class=\"_ _7\"/> </span></span>Cost <span class=\"_ _17\"> </span> 830,6<span class=\"_ _b\"/>19 <span class=\"_ _df\"> </span> 27<span class=\"_ _5\"/>2,<span class=\"_ _b\"/>080 <span class=\"_ _e4\"> </span> 74<span class=\"_ _7\"/>,<span class=\"_ _7\"/>114<span class=\"_ _7\"/> <span class=\"_ _133\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _b7\"> </span><span class=\"ls9d ws1\"> 1,1<span class=\"_ _b\"/>76,813 </span></span>Accumulat<span class=\"_ _5\"/>ed amortization<span class=\"_ _ea\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _b3\"> </span></span> (247<span class=\"_ _b\"/>,871<span class=\"_ _b\"/>)<span class=\"_ _a8\"> </span> (62,736)<span class=\"_ _52\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _df\"> </span></span> (31<span class=\"_ _5\"/>0,6<span class=\"_ _6\"/>07)At<span class=\"_ _5\"/> 31 December 202<span class=\"_ _5\"/>1 <span class=\"_ _138\"> </span> 830,6<span class=\"_ _5\"/>19 <span class=\"_ _e0\"> </span> 24<span class=\"_ _6\"/>,20<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span><span class=\"lsfd ws114\"> 11<span class=\"_ _6\"/>,<span class=\"_ _7\"/>3<span class=\"_ _6\"/>7<span class=\"_ _6\"/>8<span class=\"_ _7\"/> <span class=\"_ _133\"> </span></span><span class=\"ls14a\"> - <span class=\"_ _a9\"> </span><span class=\"ls9d ws1\"> 86<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,20<span class=\"_ _6\"/>6 </span></span>Additions<span class=\"_ _24c\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _18a\"> </span>6<span class=\"_ _7\"/>,<span class=\"_ _6\"/>141<span class=\"_ _a0\"> </span><span class=\"lsee ws10a\">1,<span class=\"_ _6\"/>13<span class=\"_ _7\"/>8<span class=\"_ _a0\"> </span><span class=\"lsed ws109\">7,<span class=\"_ _7\"/>2<span class=\"_ _6\"/>7<span class=\"_ _7\"/>9</span></span>Acquisitions of<span class=\"_ _5\"/> subsidiaries<span class=\"_ _250\"> </span>653,027<span class=\"_ _de\"> </span>4<span class=\"_ _6\"/>9<span class=\"_ _7\"/>,<span class=\"_ _6\"/>11<span class=\"_ _6\"/>6<span class=\"_ _a0\"> </span>6<span class=\"_ _7\"/>,<span class=\"_ _6\"/>513<span class=\"_ _ff\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _e0\"> </span><span class=\"lsf2 ws10e\">708<span class=\"_ _6\"/>,<span class=\"_ _6\"/>65<span class=\"_ _6\"/>6</span></span>Disposals<span class=\"_ _f7\"> </span>(6,769)<span class=\"_ _52\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _c4\"> </span><span class=\"ls10e ws104\">(<span class=\"_ _7\"/>3<span class=\"_ _6\"/>11)<span class=\"_ _53\"> </span></span> - <span class=\"_ _49\"> </span></span>(7<span class=\"_ _5\"/>,08<span class=\"_ _6\"/>0)Amortization charges<span class=\"_ _24d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _e4\"> </span></span><span class=\"wsac\">(15,1<span class=\"_ _5\"/>30)<span class=\"_ _db\"> </span>(6,972<span class=\"_ _5\"/>)<span class=\"_ _52\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _bc\"> </span></span>(22,102<span class=\"_ _5\"/>)</span>Impairment char<span class=\"_ _5\"/>ges<span class=\"_ _146\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - </span>Reclassifications<span class=\"_ _24e\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _8b\"> </span> - </span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _251\"> </span><span class=\"ls119 ws136\">6,287<span class=\"_ _49\"> </span></span>(4,3<span class=\"_ _6\"/>8<span class=\"_ _6\"/>4)<span class=\"_ _a0\"> </span>(9<span class=\"_ _6\"/>5<span class=\"_ _6\"/>4)<span class=\"_ _1ae\"> </span><span class=\"ls2 ws12a\">(35)<span class=\"_ _c4\"> </span><span class=\"lsfb ws117\">914</span></span>Movement<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _27\"> </span><span class=\"ls2 ws12a\">652,5<span class=\"_ _6\"/>45<span class=\"_ _252\"> </span></span>29,6<span class=\"_ _6\"/>02<span class=\"_ _18a\"> </span>4<span class=\"_ _7\"/>,<span class=\"_ _6\"/>417<span class=\"_ _18a\"> </span><span class=\"ls101 ws11d\">1,<span class=\"_ _6\"/>103<span class=\"_ _d4\"> </span><span class=\"lsb6 ws16d\">6<span class=\"_ _6\"/>87<span class=\"_ _5\"/>,667</span></span>Cost<span class=\"_ _12e\"> </span><span class=\"lsef ws10b\">1,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>8<span class=\"_ _6\"/>3,<span class=\"_ _6\"/>16<span class=\"_ _6\"/>4<span class=\"_ _a6\"> </span><span class=\"lsf9 ws115\">31<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>12<span class=\"_ _d6\"> </span><span class=\"ls119 ws136\">85,5<span class=\"_ _6\"/>03<span class=\"_ _71\"> </span></span></span>1,10<span class=\"_ _6\"/>3<span class=\"_ _b6\"> </span><span class=\"ls9d wsac\">1,886,5<span class=\"_ _6\"/>82</span></span>Accumulat<span class=\"_ _5\"/>ed amortization<span class=\"_ _ea\"> </span> - <span class=\"_ _a9\"> </span><span class=\"ls3e ws3a\">(263<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>01)<span class=\"_ _d2\"> </span></span><span class=\"wsac\">(69,708)<span class=\"_ _1b7\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _e5\"> </span></span>(332,7<span class=\"_ _5\"/>09)</span>At<span class=\"_ _5\"/> 31 December 2022 <span class=\"_ _253\"> </span><span class=\"wsac\">1,483,16<span class=\"_ _6\"/>4<span class=\"_ _db\"> </span><span class=\"lsfd ws119\">5<span class=\"_ _7\"/>3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _7\"/>11<span class=\"_ _db\"> </span><span class=\"ls102 ws11e\">15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>7<span class=\"_ _6\"/>9<span class=\"_ _6\"/>5<span class=\"_ _18a\"> </span><span class=\"ls101 ws11d\">1,10<span class=\"_ _6\"/>3<span class=\"_ _b6\"> </span></span></span></span>1,553,873</span>The amortization charge f<span class=\"_ _b\"/>or Intangible assets is r<span class=\"_ _5\"/>ecognized in the <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>owing line items in <span class=\"_ _5\"/>the Consolida<span class=\"_ _5\"/>ted income sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>t:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Amortization Other intangibl<span class=\"_ _5\"/>e assets<span class=\"_ _1a6\"> </span><span class=\"lsee ws10a\">15,<span class=\"_ _6\"/>13<span class=\"_ _7\"/>0<span class=\"_ _57\"> </span><span class=\"ls10e ws111\"> 11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _7\"/>3<span class=\"_ _6\"/>6<span class=\"_ _7\"/> </span></span>Depreciation and amortization<span class=\"_ _177\"> </span><span class=\"ls101 ws11d\">6<span class=\"_ _6\"/>,972<span class=\"_ _3a\"> </span><span class=\"ls100 ws16d\"> 6,<span class=\"_ _6\"/>432 </span></span>GoodwillReflecting <span class=\"_ _5\"/>the new GBA r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting structure,<span class=\"_ _0\"/> as of 1 <span class=\"_ _5\"/>January 2022,<span class=\"_ _0\"/> the goodwill has been re-all<span class=\"_ _5\"/>ocat<span class=\"_ _5\"/>ed fol<span class=\"_ _5\"/>lowing <span class=\"_ _b\"/>\u2018IAS 36<span class=\"_ _6\"/>.87\u2019<span class=\"_ _b\"/> applying a <span class=\"_ _5\"/>two-step appr<span class=\"_ _5\"/>oach: first s<span class=\"_ _5\"/>tep al<span class=\"_ _5\"/>location o<span class=\"_ _5\"/>f 1<span class=\"_ _5\"/>0<span class=\"_ _6\"/>0% of Cal<span class=\"_ _5\"/>lisonRTKL<span class=\"_ _5\"/> goodwill t<span class=\"_ _5\"/>o Places (Ca<span class=\"_ _5\"/>llisonRTKL<span class=\"_ _5\"/> is a f<span class=\"_ _5\"/>ormer opera<span class=\"_ _5\"/>ting segment <span class=\"_ _5\"/>full<span class=\"_ _5\"/>y int<span class=\"_ _5\"/>egrat<span class=\"_ _5\"/>ed int<span class=\"_ _5\"/>o Places),<span class=\"_ _b\"/> second st<span class=\"_ _5\"/>ep alloca<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the remaining amount<span class=\"_ _5\"/> to <span class=\"_ _5\"/>the GBAs based on the rela<span class=\"_ _5\"/>tive va<span class=\"_ _5\"/>lues.Consecutive <span class=\"_ _5\"/>to ac<span class=\"_ _5\"/>quisition of<span class=\"_ _5\"/> IBI Group by end o<span class=\"_ _5\"/>f Sep<span class=\"_ _5\"/>tember<span class=\"_ _0\"/>,<span class=\"_ _b\"/> the f<span class=\"_ _5\"/>our<span class=\"_ _6\"/>th CGU Intel<span class=\"_ _5\"/>ligence has been crea<span class=\"_ _5\"/>ted and is composed o<span class=\"_ _5\"/>f Arca<span class=\"_ _5\"/>dis GEN (initiall<span class=\"_ _b\"/>y alloca<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to Resilienc<span class=\"_ _5\"/>e and Mobility equal<span class=\"_ _5\"/>ly),<span class=\"_ _b\"/> IBI Group int<span class=\"_ _5\"/>elligence segment,<span class=\"_ _b\"/> and W<span class=\"_ _b\"/>at<span class=\"_ _5\"/>er Platf<span class=\"_ _b\"/>orm Company ac<span class=\"_ _5\"/>quired this <span class=\"_ _5\"/>year<span class=\"_ _0\"/>. IBI Group preliminary goodwill has been a<span class=\"_ _5\"/>lloca<span class=\"_ _5\"/>ted acr<span class=\"_ _5\"/>oss the f<span class=\"_ _5\"/>our GBAs.<span class=\"_ _b\"/> DPS Group preliminary goodwill has been all<span class=\"_ _5\"/>ocat<span class=\"_ _5\"/>ed entirel<span class=\"_ _5\"/>y t<span class=\"_ _b\"/>o the CGU Places,<span class=\"_ _b\"/> and Giftge Consul<span class=\"_ _b\"/>t preliminary goodwill t<span class=\"_ _5\"/>o the CGU Resilienc<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> F<span class=\"_ _5\"/>or annual impairment<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>ting,<span class=\"_ _b\"/> goodwill is alloca<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to Cash-Genera<span class=\"_ _5\"/>ting Units (CGUs).<span class=\"_ _b\"/> The CGU is the lo<span class=\"_ _5\"/>west lev<span class=\"_ _5\"/>el within the Group a<span class=\"_ _b\"/>t which Goodwill is monit<span class=\"_ _5\"/>ored f<span class=\"_ _5\"/>or int<span class=\"_ _5\"/>ernal managemen<span class=\"_ _5\"/>t purposes.The carrying amount of<span class=\"_ _5\"/> the goodwill (incl<span class=\"_ _5\"/>uding provisional goodwil<span class=\"_ _5\"/>l of IBI and DPS) is a<span class=\"_ _5\"/>lloca<span class=\"_ _5\"/>ted t<span class=\"_ _5\"/>o each o<span class=\"_ _5\"/>f the CGUs as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Places<span class=\"_ _1d3\"> </span><span class=\"ls12d ws14f\">761,8<span class=\"_ _7\"/>07<span class=\"_ _48\"> </span><span class=\"lsef ws11c\"> 316<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>32<span class=\"_ _6\"/> </span></span>Resilience<span class=\"_ _254\"> </span><span class=\"lsf7 ws113\">3<span class=\"_ _6\"/>74<span class=\"_ _6\"/>,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>3<span class=\"_ _7\"/>5<span class=\"_ _37\"> </span><span class=\"lsee ws11e\"> 313<span class=\"_ _7\"/>,4<span class=\"_ _7\"/>4<span class=\"_ _6\"/>6<span class=\"_ _7\"/> </span></span>Mobility<span class=\"_ _255\"> </span><span class=\"lsf5 ws111\">2<span class=\"_ _6\"/>3<span class=\"_ _6\"/>6<span class=\"_ _7\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>17<span class=\"_ _d5\"> </span></span><span class=\"ws1\"> 20<span class=\"_ _6\"/>0,499<span class=\"_ _6\"/> </span>Intel<span class=\"_ _5\"/>ligence<span class=\"_ _245\"> </span><span class=\"lsf2 ws10e\">10<span class=\"_ _6\"/>9,<span class=\"_ _6\"/>70<span class=\"_ _6\"/>5<span class=\"_ _42\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span></span>T<span class=\"_ _b\"/>otal Goodwill<span class=\"_ _220\"> </span><span class=\"wsac\">1,483,164<span class=\"_ _29\"> </span><span class=\"ls159 ws1a6\">83<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>619</span></span>Impairment <span class=\"_ _5\"/>testing <span class=\"_ _5\"/>for cash-genera<span class=\"_ _5\"/>ting units containing goodwil<span class=\"_ _5\"/>lThe reco<span class=\"_ _5\"/>verable amoun<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> Goodwill f<span class=\"_ _5\"/>or impairment<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>ting purpose has been determined based on a <span class=\"_ _5\"/>val<span class=\"_ _5\"/>ue in use calcula<span class=\"_ _5\"/>tion,<span class=\"_ _b\"/> which is comple<span class=\"_ _5\"/>x and judgmental.<span class=\"_ _b\"/> The calcula<span class=\"_ _b\"/>tions use cash flow projections based on hist<span class=\"_ _5\"/>orical performance,<span class=\"_ _0\"/> our plan f<span class=\"_ _5\"/>or 2023 as appr<span class=\"_ _5\"/>oved by<span class=\"_ _5\"/> the Executiv<span class=\"_ _5\"/>e Board and projections f<span class=\"_ _5\"/>or 20<span class=\"_ _5\"/>23 <span class=\"_ _b\"/>-<span class=\"_ _5\"/> 2026,<span class=\"_ _b\"/> after<span class=\"_ _5\"/> which a t<span class=\"_ _5\"/>erminal v<span class=\"_ _5\"/>alue w<span class=\"_ _5\"/>as calcula<span class=\"_ _5\"/>ted using an estima<span class=\"_ _5\"/>ted gr<span class=\"_ _5\"/>owth rat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The ke<span class=\"_ _5\"/>y assumptions used in <span class=\"_ _5\"/>the projections are:\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">(Net) re<span class=\"_ _5\"/>venue growth: based on experienc<span class=\"_ _5\"/>e and market<span class=\"_ _5\"/> anal<span class=\"_ _5\"/>ysis;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">EBITDA<span class=\"_ _5\"/> margin developmen<span class=\"_ _5\"/>t: based on historica<span class=\"_ _5\"/>l performance,<span class=\"_ _0\"/> plan 2023 and management\u2019<span class=\"_ _5\"/>s long-</span>term pr<span class=\"_ _5\"/>ojections; and\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">W<span class=\"_ _5\"/>eight<span class=\"_ _5\"/>ed aver<span class=\"_ _5\"/>age cost<span class=\"_ _5\"/> of capita<span class=\"_ _5\"/>l (W<span class=\"_ _5\"/>ACC): based on the mark<span class=\"_ _5\"/>et participants vie<span class=\"_ _5\"/>w on ra<span class=\"_ _5\"/>tes o<span class=\"_ _5\"/>f re<span class=\"_ _5\"/>turn </span>demanded for<span class=\"_ _5\"/> investments equival<span class=\"_ _5\"/>ent t<span class=\"_ _5\"/>o those in the <span class=\"_ _6\"/>Company<span class=\"_ _0\"/>.<span class=\"_ _5\"/> The components of the W<span class=\"_ _0\"/>ACC include the Cost<span class=\"_ _5\"/> of<span class=\"_ _5\"/> Equity<span class=\"_ _b\"/>,<span class=\"_ _5\"/> Cost<span class=\"_ _5\"/> of<span class=\"_ _5\"/> Debt and C<span class=\"_ _5\"/>ost o<span class=\"_ _5\"/>f Lease Liabilities.<span class=\"_ _0\"/> The business plans include managemen<span class=\"_ _5\"/>t\u2019s estima<span class=\"_ _5\"/>te about <span class=\"_ _5\"/>the lev<span class=\"_ _5\"/>el and timing of<span class=\"_ _5\"/> the ex<span class=\"_ _5\"/>ecution of<span class=\"_ _5\"/> (the improv<span class=\"_ _5\"/>ement o<span class=\"_ _5\"/>f<span class=\"_ _6\"/>) operating performance and mar<span class=\"_ _5\"/>gins.<span class=\"_ _5\"/> The applied assumptions in <span class=\"_ _5\"/>the tes<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f 2022 ar<span class=\"_ _5\"/>e included in the belo<span class=\"_ _5\"/>w tabl<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> for<span class=\"_ _5\"/> those CGUs with goodwil<span class=\"_ _5\"/>l as at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 2022<span class=\"_ _5\"/>.A<span class=\"_ _5\"/>verage (net)<span class=\"ls3\"> </span>Pre-tax <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>T<span class=\"_ _b\"/>erminal <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>1In %revenue gr<span class=\"_ _5\"/>owthEBIT<span class=\"_ _b\"/>A margindiscount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>egrowt<span class=\"_ _6\"/>h ratePlaces<span class=\"_ _16b\"> </span><span class=\"ls47 ws43\">5.6%<span class=\"_ _4e\"> </span></span>10.4% -12.7%<span class=\"_ _111\"> </span><span class=\"ls10e ws104\">11<span class=\"_ _6\"/>.<span class=\"_ _6\"/>7<span class=\"_ _7\"/>%<span class=\"_ _83\"> </span><span class=\"lsfc ws118\">1.6<span class=\"_ _6\"/>%</span></span>Resilience<span class=\"_ _16c\"> </span><span class=\"ls47 ws43\">5.6%<span class=\"_ _d8\"> </span></span>1<span class=\"_ _5\"/>2.5% -1<span class=\"_ _5\"/>2.6%<span class=\"_ _111\"> </span><span class=\"ls10e ws104\">11<span class=\"_ _6\"/>.<span class=\"_ _7\"/>0<span class=\"_ _7\"/>%<span class=\"_ _83\"> </span><span class=\"lsfc ws118\">1.6%</span></span>Mobility<span class=\"_ _ad\"> </span><span class=\"ls47 ws43\">5.6%<span class=\"_ _d8\"> </span></span>12.4<span class=\"_ _5\"/>% -12.6%<span class=\"_ _56\"> </span><span class=\"lsec ws108\">10.<span class=\"_ _6\"/>3%<span class=\"_ _83\"> </span><span class=\"lsfc ws118\">1.5%</span></span>Intel<span class=\"_ _5\"/>ligence<span class=\"_ _12f\"> </span><span class=\"ls47 ws43\">5.6%<span class=\"_ _4e\"> </span></span>1<span class=\"_ _5\"/>4.4% -18.8%<span class=\"_ _205\"> </span><span class=\"lsec ws108\">10<span class=\"_ _6\"/>.4<span class=\"_ _6\"/>%<span class=\"_ _109\"> </span><span class=\"lsfc ws118\">1.<span class=\"_ _6\"/>4%</span></span>1 The aver<span class=\"_ _5\"/>age net rev<span class=\"_ _5\"/>enue growth represents a<span class=\"_ _5\"/>verage f<span class=\"_ _5\"/>or the period from 202<span class=\"_ _5\"/>4 to 2027<span class=\"_ _0\"/>.  <span class=\"_ _14b\"> </span> The av<span class=\"_ _5\"/>erage pre-tax disc<span class=\"_ _5\"/>ount ra<span class=\"_ _b\"/>te was 1<span class=\"_ _5\"/>0.9% (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 10.4%) and has been de<span class=\"_ _5\"/>termined by<span class=\"_ _5\"/> itera<span class=\"_ _b\"/>tive<span class=\"_ _6\"/> computa<span class=\"_ _5\"/>tion so that<span class=\"_ _5\"/> the v<span class=\"_ _5\"/>alue in use det<span class=\"_ _5\"/>ermined using pre-tax cash <span class=\"_ _5\"/>flows and a pre-tax disc<span class=\"_ _5\"/>ount ra<span class=\"_ _5\"/>te equa<span class=\"_ _5\"/>ls the va<span class=\"_ _5\"/>lue in use det<span class=\"_ _5\"/>ermined using post-<span class=\"_ _5\"/>tax cash flows and a pos<span class=\"_ _5\"/>t-tax disc<span class=\"_ _5\"/>ount ra<span class=\"_ _b\"/>te.<span class=\"_ _b\"/> The w<span class=\"_ _5\"/>eighted a<span class=\"_ _5\"/>vera<span class=\"_ _5\"/>ge post-<span class=\"_ _5\"/>tax discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e used is 8.6% (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 7<span class=\"_ _0\"/>.7%),<span class=\"_ _5\"/> which includes c<span class=\"_ _5\"/>ountry specific premiums when applicable<span class=\"_ _5\"/>.Observations from impairment<span class=\"_ _5\"/> testingThe annual impairment<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>t a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 and sensitivity anal<span class=\"_ _b\"/>ysis around the k<span class=\"_ _5\"/>ey assump<span class=\"_ _5\"/>tions in that tes<span class=\"_ _5\"/>t hav<span class=\"_ _5\"/>e indicat<span class=\"_ _5\"/>ed suff<span class=\"_ _6\"/>icient hea<span class=\"_ _5\"/>droom f<span class=\"_ _5\"/>or al<span class=\"_ _5\"/>l CGUs and as such a reasonabl<span class=\"_ _5\"/>y possible change in any<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the assumptions <span class=\"_ _5\"/>would no<span class=\"_ _5\"/>t cause the r<span class=\"_ _5\"/>ecover<span class=\"_ _5\"/>able amount <span class=\"_ _5\"/>to be less <span class=\"_ _5\"/>than the carrying val<span class=\"_ _5\"/>ue,<span class=\"_ _b\"/> exc<span class=\"_ _5\"/>ept <span class=\"_ _5\"/>for Int<span class=\"_ _5\"/>elligence.<span class=\"_ _b\"/> The headroom <span class=\"_ _5\"/>for In<span class=\"_ _5\"/>telligenc<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> being the differenc<span class=\"_ _5\"/>e between <span class=\"_ _5\"/>the carr<span class=\"_ _6\"/>ying amount (which incl<span class=\"_ _5\"/>udes the provisiona<span class=\"_ _5\"/>l alloca<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> goodwill f<span class=\"_ _5\"/>or IBI ac<span class=\"_ _5\"/>quisition) and the reco<span class=\"_ _5\"/>verable amoun<span class=\"_ _5\"/>t is appro<span class=\"_ _5\"/>ximat<span class=\"_ _5\"/>ely \u20ac25 million.<span class=\"_ _0\"/> Management is positive about<span class=\"_ _5\"/> the medium and long-<span class=\"_ _5\"/>term perspective o<span class=\"_ _5\"/>f the CGU f<span class=\"_ _b\"/>ollowing the expected de<span class=\"_ _5\"/>velopment<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the CGU.<span class=\"_ _0\"/> If the long-<span class=\"_ _5\"/>term gro<span class=\"_ _5\"/>wth rat<span class=\"_ _5\"/>e used in the va<span class=\"_ _5\"/>lue in use calcula<span class=\"_ _b\"/>tion<span class=\"_ _6\"/> had been 1<span class=\"_ _b\"/>% lower <span class=\"_ _5\"/>than management\u2019<span class=\"_ _5\"/>s estimat<span class=\"_ _5\"/>es at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 2022<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the headr<span class=\"_ _5\"/>oom woul<span class=\"_ _5\"/>d amount t<span class=\"_ _b\"/>o<span class=\"_ _6\"/> \u20ac8 million.<span class=\"_ _b\"/> If the l<span class=\"_ _5\"/>ong-term EBITD<span class=\"_ _5\"/>A margin used in <span class=\"_ _5\"/>the val<span class=\"_ _5\"/>ue in use calcula<span class=\"_ _5\"/>tion had been 100 bps lower than management\u2019<span class=\"_ _5\"/>s estimat<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> there w<span class=\"_ _5\"/>ould be no headroom.<span class=\"_ _b\"/> If <span class=\"_ _5\"/>the pre-tax discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e applied t<span class=\"_ _5\"/>o the cash flo<span class=\"_ _5\"/>w projections of<span class=\"_ _5\"/> this CGU had been 1<span class=\"_ _b\"/>% higher than management\u2019<span class=\"_ _5\"/>s estimat<span class=\"_ _5\"/>es (1<span class=\"_ _b\"/>1.3<span class=\"_ _5\"/>% instead o<span class=\"_ _b\"/>f 10.3%),<span class=\"_ _b\"/> the headr<span class=\"_ _5\"/>oom would amoun<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o \u20ac1 million.<span class=\"_ _b\"/> The expected <span class=\"_ _5\"/>future cash flow<span class=\"_ _5\"/>s used in the goodwill impairmen<span class=\"_ _5\"/>t anal<span class=\"_ _5\"/>ysis are based on mana<span class=\"_ _5\"/>gement\u2019s estima<span class=\"_ _5\"/>tes.<span class=\"_ _b\"/> Even<span class=\"_ _5\"/>ts in our end-marke<span class=\"_ _5\"/>ts as well as <span class=\"_ _5\"/>the financial mark<span class=\"_ _5\"/>ets and the ov<span class=\"_ _5\"/>erall ec<span class=\"_ _5\"/>onomy ma<span class=\"_ _5\"/>y hav<span class=\"_ _5\"/>e an adverse impa<span class=\"_ _5\"/>ct on the estima<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>future cash flow<span class=\"_ _5\"/>s of <span class=\"_ _5\"/>the Group.Other in<span class=\"_ _5\"/>tangible assetsThe carrying amounts recognized in <span class=\"_ _5\"/>the Consolidat<span class=\"_ _b\"/>ed balance sheet <span class=\"_ _5\"/>for Other<span class=\"_ _5\"/> intangible asse<span class=\"_ _5\"/>ts are as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span><span class=\"fs7b lscd wse4\">2<span class=\"_ _6\"/>021</span>Customer<span class=\"_ _5\"/> Relationships<span class=\"_ _1fb\"> </span><span class=\"ls10e ws104\">2<span class=\"_ _7\"/>0<span class=\"_ _6\"/>,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>11<span class=\"_ _7\"/> <span class=\"_ _223\"> </span><span class=\"lsf0 ws10c\">21,<span class=\"_ _6\"/>724<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>rade names<span class=\"_ _1ca\"> </span><span class=\"lsef ws10b\">1,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>43<span class=\"_ _6\"/> <span class=\"_ _111\"> </span>1,8<span class=\"_ _6\"/>9<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span>Backlog<span class=\"_ _1d6\"> </span><span class=\"ls3 ws1\">30,850 <span class=\"_ _157\"> </span><span class=\"lsf3 ws10f\">38 </span></span>Other<span class=\"_ _256\"> </span><span class=\"ls152 ws191\">609 <span class=\"_ _133\"> </span><span class=\"ls6f ws77\">553 </span></span>T<span class=\"_ _b\"/>otal Other in<span class=\"_ _5\"/>tangible assets<span class=\"_ _257\"> </span><span class=\"ls118 ws10e\"> 53<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>13<span class=\"_ _6\"/> <span class=\"_ _29\"> </span><span class=\"lsf6 ws10f\"> 24<span class=\"_ _6\"/>,2<span class=\"_ _6\"/>09<span class=\"_ _6\"/> </span></span>In 2022<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the Group has a<span class=\"_ _5\"/>cquired IBI Group and has r<span class=\"_ _5\"/>ecognized a backl<span class=\"_ _5\"/>og f<span class=\"_ _5\"/>or an amount o<span class=\"_ _5\"/>f \u20ac40 million f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>which<span class=\"_ _6\"/> an amortization of<span class=\"_ _5\"/> \u20ac5.8 million has been expensed and presen<span class=\"_ _5\"/>ted within <span class=\"_ _0\"/>\u2018amortization o<span class=\"_ _5\"/>ther intangible asse<span class=\"_ _5\"/>ts\u2019<span class=\"_ _3\"/>. Other intangibl<span class=\"_ _5\"/>e assets hav<span class=\"_ _5\"/>e been acquired <span class=\"_ _5\"/>for<span class=\"_ _5\"/> which the purchase a<span class=\"_ _5\"/>ccounting is pr<span class=\"_ _5\"/>ovisional (see no<span class=\"_ _5\"/>te 6).In 2022 and 2<span class=\"_ _5\"/>021 no o<span class=\"_ _b\"/>ther changes were ma<span class=\"_ _5\"/>de in the useful lif<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> amor<span class=\"_ _6\"/>tization me<span class=\"_ _5\"/>thods or the residua<span class=\"_ _5\"/>l va<span class=\"_ _5\"/>lues of<span class=\"_ _5\"/> the Other in<span class=\"_ _5\"/>tangible assets.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__42-1": {
   "value": "Other <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Intangibles intangible under In \u20ac thousands<span class=\"_ _236\"> </span><span class=\"fs7b fc1 ls9d wsac\">Goodwil<span class=\"_ _5\"/>l</span>assets<span class=\"_ _b3\"> </span>Software developmen<span class=\"_ _5\"/>t <span class=\"_ _a0\"> </span><span class=\"ff1 ls163 ws193\">To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l</span>Cost<span class=\"_ _153\"> </span><span class=\"lsef ws11c\"> 781,616<span class=\"_ _6\"/> <span class=\"_ _e5\"> </span><span class=\"lsf2 ws148\"> 270<span class=\"_ _6\"/>,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>45<span class=\"_ _6\"/> <span class=\"_ _d4\"> </span><span class=\"ls9d ws1\"> 68<span class=\"_ _6\"/>,84<span class=\"_ _6\"/>8 <span class=\"_ _76\"> </span><span class=\"ls6f ws13a\"> 555<span class=\"_ _6\"/> <span class=\"_ _d8\"> </span></span></span></span> 1,<span class=\"_ _6\"/>121,6<span class=\"_ _6\"/>6<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span>Accumulat<span class=\"_ _5\"/>ed amortization<span class=\"_ _ea\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _d9\"> </span></span> (236,435)<span class=\"_ _a9\"> </span> (56<span class=\"_ _6\"/>,30<span class=\"_ _6\"/>4)<span class=\"_ _52\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _df\"> </span></span> (292,739)At<span class=\"_ _5\"/> 1 January 2021 <span class=\"_ _67\"> </span> 781,<span class=\"_ _6\"/>616<span class=\"_ _6\"/> <span class=\"_ _39\"> </span> 3<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>210<span class=\"_ _6\"/> <span class=\"_ _d4\"> </span> 12<span class=\"_ _7\"/>,5<span class=\"_ _6\"/>4<span class=\"_ _7\"/>4<span class=\"_ _6\"/> <span class=\"_ _76\"> </span><span class=\"ls2 ws14a\"> 555 <span class=\"_ _df\"> </span></span> 82<span class=\"_ _6\"/>8,925<span class=\"_ _6\"/>Additions<span class=\"_ _24c\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _8b\"> </span> - <span class=\"_ _37\"> </span><span class=\"lsf8 wse9\"> 4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>41<span class=\"_ _6\"/> <span class=\"_ _133\"> </span></span> - <span class=\"_ _37\"> </span><span class=\"lsf8 wse9\"> 4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>41<span class=\"_ _6\"/> </span></span>Acquisitions of<span class=\"_ _5\"/> subsidiaries<span class=\"_ _ea\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - </span>Disposals<span class=\"_ _24c\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _109\"> </span><span class=\"ls10c ws136\"> (3)<span class=\"_ _71\"> </span><span class=\"ls111 ws20\"> (<span class=\"_ _6\"/>161)<span class=\"_ _133\"> </span></span></span> - <span class=\"_ _46\"> </span><span class=\"lsef ws11c\"> (16<span class=\"_ _6\"/>4)</span></span>Amortization charges<span class=\"_ _24d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _39\"> </span></span> (1<span class=\"_ _5\"/>1,436)<span class=\"_ _e4\"> </span> (6<span class=\"_ _6\"/>,432)<span class=\"_ _58\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _39\"> </span></span> (17<span class=\"_ _b\"/>,86<span class=\"_ _6\"/>8)Impairment char<span class=\"_ _5\"/>ges<span class=\"_ _146\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - </span>Reclassifications<span class=\"_ _24e\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _109\"> </span> (2)<span class=\"_ _18a\"> </span><span class=\"lsf7 ws17f\"> (<span class=\"_ _7\"/>5<span class=\"_ _6\"/>74<span class=\"_ _6\"/>)<span class=\"_ _18a\"> </span><span class=\"ls12d ws116\"> (5<span class=\"_ _6\"/>76<span class=\"_ _6\"/>)</span></span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _139\"> </span> 4<span class=\"_ _6\"/>9,0<span class=\"_ _6\"/>03<span class=\"_ _6\"/> <span class=\"_ _de\"> </span> 1,4<span class=\"_ _6\"/>3<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _46\"> </span> 488 <span class=\"_ _3a\"> </span><span class=\"ls102 ws11a\"> 19<span class=\"_ _6\"/> <span class=\"_ _39\"> </span></span> 50,9<span class=\"_ _6\"/>48Movement<span class=\"_ _5\"/> 2021 <span class=\"_ _24f\"> </span> 49,0<span class=\"_ _6\"/>03<span class=\"_ _6\"/> <span class=\"_ _b2\"> </span> (10,0<span class=\"_ _6\"/>01)<span class=\"_ _a5\"> </span> (1,166)<span class=\"_ _54\"> </span><span class=\"ls2 ws14a\"> (555)<span class=\"_ _4d\"> </span><span class=\"ls147 ws172\"> 3<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>8<span class=\"_ _6\"/>1<span class=\"_ _7\"/> </span></span>Cost <span class=\"_ _17\"> </span> 830,6<span class=\"_ _b\"/>19 <span class=\"_ _df\"> </span> 27<span class=\"_ _5\"/>2,<span class=\"_ _b\"/>080 <span class=\"_ _e4\"> </span> 74<span class=\"_ _7\"/>,<span class=\"_ _7\"/>114<span class=\"_ _7\"/> <span class=\"_ _133\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _b7\"> </span><span class=\"ls9d ws1\"> 1,1<span class=\"_ _b\"/>76,813 </span></span>Accumulat<span class=\"_ _5\"/>ed amortization<span class=\"_ _ea\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _b3\"> </span></span> (247<span class=\"_ _b\"/>,871<span class=\"_ _b\"/>)<span class=\"_ _a8\"> </span> (62,736)<span class=\"_ _52\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _df\"> </span></span> (31<span class=\"_ _5\"/>0,6<span class=\"_ _6\"/>07)At<span class=\"_ _5\"/> 31 December 202<span class=\"_ _5\"/>1 <span class=\"_ _138\"> </span> 830,6<span class=\"_ _5\"/>19 <span class=\"_ _e0\"> </span> 24<span class=\"_ _6\"/>,20<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span><span class=\"lsfd ws114\"> 11<span class=\"_ _6\"/>,<span class=\"_ _7\"/>3<span class=\"_ _6\"/>7<span class=\"_ _6\"/>8<span class=\"_ _7\"/> <span class=\"_ _133\"> </span></span><span class=\"ls14a\"> - <span class=\"_ _a9\"> </span><span class=\"ls9d ws1\"> 86<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,20<span class=\"_ _6\"/>6 </span></span>Additions<span class=\"_ _24c\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _18a\"> </span>6<span class=\"_ _7\"/>,<span class=\"_ _6\"/>141<span class=\"_ _a0\"> </span><span class=\"lsee ws10a\">1,<span class=\"_ _6\"/>13<span class=\"_ _7\"/>8<span class=\"_ _a0\"> </span><span class=\"lsed ws109\">7,<span class=\"_ _7\"/>2<span class=\"_ _6\"/>7<span class=\"_ _7\"/>9</span></span>Acquisitions of<span class=\"_ _5\"/> subsidiaries<span class=\"_ _250\"> </span>653,027<span class=\"_ _de\"> </span>4<span class=\"_ _6\"/>9<span class=\"_ _7\"/>,<span class=\"_ _6\"/>11<span class=\"_ _6\"/>6<span class=\"_ _a0\"> </span>6<span class=\"_ _7\"/>,<span class=\"_ _6\"/>513<span class=\"_ _ff\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _e0\"> </span><span class=\"lsf2 ws10e\">708<span class=\"_ _6\"/>,<span class=\"_ _6\"/>65<span class=\"_ _6\"/>6</span></span>Disposals<span class=\"_ _f7\"> </span>(6,769)<span class=\"_ _52\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _c4\"> </span><span class=\"ls10e ws104\">(<span class=\"_ _7\"/>3<span class=\"_ _6\"/>11)<span class=\"_ _53\"> </span></span> - <span class=\"_ _49\"> </span></span>(7<span class=\"_ _5\"/>,08<span class=\"_ _6\"/>0)Amortization charges<span class=\"_ _24d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _e4\"> </span></span><span class=\"wsac\">(15,1<span class=\"_ _5\"/>30)<span class=\"_ _db\"> </span>(6,972<span class=\"_ _5\"/>)<span class=\"_ _52\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _bc\"> </span></span>(22,102<span class=\"_ _5\"/>)</span>Impairment char<span class=\"_ _5\"/>ges<span class=\"_ _146\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - </span>Reclassifications<span class=\"_ _24e\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _8b\"> </span> - <span class=\"_ _159\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _8b\"> </span> - </span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _251\"> </span><span class=\"ls119 ws136\">6,287<span class=\"_ _49\"> </span></span>(4,3<span class=\"_ _6\"/>8<span class=\"_ _6\"/>4)<span class=\"_ _a0\"> </span>(9<span class=\"_ _6\"/>5<span class=\"_ _6\"/>4)<span class=\"_ _1ae\"> </span><span class=\"ls2 ws12a\">(35)<span class=\"_ _c4\"> </span><span class=\"lsfb ws117\">914</span></span>Movement<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _27\"> </span><span class=\"ls2 ws12a\">652,5<span class=\"_ _6\"/>45<span class=\"_ _252\"> </span></span>29,6<span class=\"_ _6\"/>02<span class=\"_ _18a\"> </span>4<span class=\"_ _7\"/>,<span class=\"_ _6\"/>417<span class=\"_ _18a\"> </span><span class=\"ls101 ws11d\">1,<span class=\"_ _6\"/>103<span class=\"_ _d4\"> </span><span class=\"lsb6 ws16d\">6<span class=\"_ _6\"/>87<span class=\"_ _5\"/>,667</span></span>Cost<span class=\"_ _12e\"> </span><span class=\"lsef ws10b\">1,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>8<span class=\"_ _6\"/>3,<span class=\"_ _6\"/>16<span class=\"_ _6\"/>4<span class=\"_ _a6\"> </span><span class=\"lsf9 ws115\">31<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>12<span class=\"_ _d6\"> </span><span class=\"ls119 ws136\">85,5<span class=\"_ _6\"/>03<span class=\"_ _71\"> </span></span></span>1,10<span class=\"_ _6\"/>3<span class=\"_ _b6\"> </span><span class=\"ls9d wsac\">1,886,5<span class=\"_ _6\"/>82</span></span>Accumulat<span class=\"_ _5\"/>ed amortization<span class=\"_ _ea\"> </span> - <span class=\"_ _a9\"> </span><span class=\"ls3e ws3a\">(263<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>01)<span class=\"_ _d2\"> </span></span><span class=\"wsac\">(69,708)<span class=\"_ _1b7\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _e5\"> </span></span>(332,7<span class=\"_ _5\"/>09)</span>At<span class=\"_ _5\"/> 31 December 2022 <span class=\"_ _253\"> </span><span class=\"wsac\">1,483,16<span class=\"_ _6\"/>4<span class=\"_ _db\"> </span><span class=\"lsfd ws119\">5<span class=\"_ _7\"/>3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _7\"/>11<span class=\"_ _db\"> </span><span class=\"ls102 ws11e\">15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>7<span class=\"_ _6\"/>9<span class=\"_ _6\"/>5<span class=\"_ _18a\"> </span><span class=\"ls101 ws11d\">1,10<span class=\"_ _6\"/>3<span class=\"_ _b6\"> </span></span></span></span>1,553,873</span>The amortization charge f<span class=\"_ _b\"/>or Intangible assets is r<span class=\"_ _5\"/>ecognized in the <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>owing line items in <span class=\"_ _5\"/>the Consolida<span class=\"_ _5\"/>ted income sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>t:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Amortization Other intangibl<span class=\"_ _5\"/>e assets<span class=\"_ _1a6\"> </span><span class=\"lsee ws10a\">15,<span class=\"_ _6\"/>13<span class=\"_ _7\"/>0<span class=\"_ _57\"> </span><span class=\"ls10e ws111\"> 11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _7\"/>3<span class=\"_ _6\"/>6<span class=\"_ _7\"/> </span></span>Depreciation and amortization<span class=\"_ _177\"> </span><span class=\"ls101 ws11d\">6<span class=\"_ _6\"/>,972<span class=\"_ _3a\"> </span><span class=\"ls100 ws16d\"> 6,<span class=\"_ _6\"/>432 </span></span>Other in<span class=\"_ _5\"/>tangible assetsThe carrying amounts recognized in <span class=\"_ _5\"/>the Consolidat<span class=\"_ _b\"/>ed balance sheet <span class=\"_ _5\"/>for Other<span class=\"_ _5\"/> intangible asse<span class=\"_ _5\"/>ts are as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span><span class=\"fs7b lscd wse4\">2<span class=\"_ _6\"/>021</span>Customer<span class=\"_ _5\"/> Relationships<span class=\"_ _1fb\"> </span><span class=\"ls10e ws104\">2<span class=\"_ _7\"/>0<span class=\"_ _6\"/>,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>11<span class=\"_ _7\"/> <span class=\"_ _223\"> </span><span class=\"lsf0 ws10c\">21,<span class=\"_ _6\"/>724<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>rade names<span class=\"_ _1ca\"> </span><span class=\"lsef ws10b\">1,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>43<span class=\"_ _6\"/> <span class=\"_ _111\"> </span>1,8<span class=\"_ _6\"/>9<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span>Backlog<span class=\"_ _1d6\"> </span><span class=\"ls3 ws1\">30,850 <span class=\"_ _157\"> </span><span class=\"lsf3 ws10f\">38 </span></span>Other<span class=\"_ _256\"> </span><span class=\"ls152 ws191\">609 <span class=\"_ _133\"> </span><span class=\"ls6f ws77\">553 </span></span>T<span class=\"_ _b\"/>otal Other in<span class=\"_ _5\"/>tangible assets<span class=\"_ _257\"> </span><span class=\"ls118 ws10e\"> 53<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>13<span class=\"_ _6\"/> <span class=\"_ _29\"> </span><span class=\"lsf6 ws10f\"> 24<span class=\"_ _6\"/>,2<span class=\"_ _6\"/>09<span class=\"_ _6\"/> </span></span>In 2022<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the Group has a<span class=\"_ _5\"/>cquired IBI Group and has r<span class=\"_ _5\"/>ecognized a backl<span class=\"_ _5\"/>og f<span class=\"_ _5\"/>or an amount o<span class=\"_ _5\"/>f \u20ac40 million f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>which<span class=\"_ _6\"/> an amortization of<span class=\"_ _5\"/> \u20ac5.8 million has been expensed and presen<span class=\"_ _5\"/>ted within <span class=\"_ _0\"/>\u2018amortization o<span class=\"_ _5\"/>ther intangible asse<span class=\"_ _5\"/>ts\u2019<span class=\"_ _3\"/>. Other intangibl<span class=\"_ _5\"/>e assets hav<span class=\"_ _5\"/>e been acquired <span class=\"_ _5\"/>for<span class=\"_ _5\"/> which the purchase a<span class=\"_ _5\"/>ccounting is pr<span class=\"_ _5\"/>ovisional (see no<span class=\"_ _5\"/>te 6).In 2022 and 2<span class=\"_ _5\"/>021 no o<span class=\"_ _b\"/>ther changes were ma<span class=\"_ _5\"/>de in the useful lif<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> amor<span class=\"_ _6\"/>tization me<span class=\"_ _5\"/>thods or the residua<span class=\"_ _5\"/>l va<span class=\"_ _5\"/>lues of<span class=\"_ _5\"/> the Other in<span class=\"_ _5\"/>tangible assets.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__40": {
   "value": "The amortization charge f<span class=\"_ _b\"/>or Intangible assets is r<span class=\"_ _5\"/>ecognized in the <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>owing line items in <span class=\"_ _5\"/>the Consolida<span class=\"_ _5\"/>ted income sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>t:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Amortization Other intangibl<span class=\"_ _5\"/>e assets<span class=\"_ _1a6\"> </span><span class=\"lsee ws10a\">15,<span class=\"_ _6\"/>13<span class=\"_ _7\"/>0<span class=\"_ _57\"> </span><span class=\"ls10e ws111\"> 11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _7\"/>3<span class=\"_ _6\"/>6<span class=\"_ _7\"/> </span></span>Depreciation and amortization<span class=\"_ _177\"> </span><span class=\"ls101 ws11d\">6<span class=\"_ _6\"/>,972<span class=\"_ _3a\"> </span><span class=\"ls100 ws16d\"> 6,<span class=\"_ _6\"/>432 </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__41": {
   "value": "GoodwillReflecting <span class=\"_ _5\"/>the new GBA r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting structure,<span class=\"_ _0\"/> as of 1 <span class=\"_ _5\"/>January 2022,<span class=\"_ _0\"/> the goodwill has been re-all<span class=\"_ _5\"/>ocat<span class=\"_ _5\"/>ed fol<span class=\"_ _5\"/>lowing <span class=\"_ _b\"/>\u2018IAS 36<span class=\"_ _6\"/>.87\u2019<span class=\"_ _b\"/> applying a <span class=\"_ _5\"/>two-step appr<span class=\"_ _5\"/>oach: first s<span class=\"_ _5\"/>tep al<span class=\"_ _5\"/>location o<span class=\"_ _5\"/>f 1<span class=\"_ _5\"/>0<span class=\"_ _6\"/>0% of Cal<span class=\"_ _5\"/>lisonRTKL<span class=\"_ _5\"/> goodwill t<span class=\"_ _5\"/>o Places (Ca<span class=\"_ _5\"/>llisonRTKL<span class=\"_ _5\"/> is a f<span class=\"_ _5\"/>ormer opera<span class=\"_ _5\"/>ting segment <span class=\"_ _5\"/>full<span class=\"_ _5\"/>y int<span class=\"_ _5\"/>egrat<span class=\"_ _5\"/>ed int<span class=\"_ _5\"/>o Places),<span class=\"_ _b\"/> second st<span class=\"_ _5\"/>ep alloca<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the remaining amount<span class=\"_ _5\"/> to <span class=\"_ _5\"/>the GBAs based on the rela<span class=\"_ _5\"/>tive va<span class=\"_ _5\"/>lues.Consecutive <span class=\"_ _5\"/>to ac<span class=\"_ _5\"/>quisition of<span class=\"_ _5\"/> IBI Group by end o<span class=\"_ _5\"/>f Sep<span class=\"_ _5\"/>tember<span class=\"_ _0\"/>,<span class=\"_ _b\"/> the f<span class=\"_ _5\"/>our<span class=\"_ _6\"/>th CGU Intel<span class=\"_ _5\"/>ligence has been crea<span class=\"_ _5\"/>ted and is composed o<span class=\"_ _5\"/>f Arca<span class=\"_ _5\"/>dis GEN (initiall<span class=\"_ _b\"/>y alloca<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to Resilienc<span class=\"_ _5\"/>e and Mobility equal<span class=\"_ _5\"/>ly),<span class=\"_ _b\"/> IBI Group int<span class=\"_ _5\"/>elligence segment,<span class=\"_ _b\"/> and W<span class=\"_ _b\"/>at<span class=\"_ _5\"/>er Platf<span class=\"_ _b\"/>orm Company ac<span class=\"_ _5\"/>quired this <span class=\"_ _5\"/>year<span class=\"_ _0\"/>. IBI Group preliminary goodwill has been a<span class=\"_ _5\"/>lloca<span class=\"_ _5\"/>ted acr<span class=\"_ _5\"/>oss the f<span class=\"_ _5\"/>our GBAs.<span class=\"_ _b\"/> DPS Group preliminary goodwill has been all<span class=\"_ _5\"/>ocat<span class=\"_ _5\"/>ed entirel<span class=\"_ _5\"/>y t<span class=\"_ _b\"/>o the CGU Places,<span class=\"_ _b\"/> and Giftge Consul<span class=\"_ _b\"/>t preliminary goodwill t<span class=\"_ _5\"/>o the CGU Resilienc<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> F<span class=\"_ _5\"/>or annual impairment<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>ting,<span class=\"_ _b\"/> goodwill is alloca<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to Cash-Genera<span class=\"_ _5\"/>ting Units (CGUs).<span class=\"_ _b\"/> The CGU is the lo<span class=\"_ _5\"/>west lev<span class=\"_ _5\"/>el within the Group a<span class=\"_ _b\"/>t which Goodwill is monit<span class=\"_ _5\"/>ored f<span class=\"_ _5\"/>or int<span class=\"_ _5\"/>ernal managemen<span class=\"_ _5\"/>t purposes.The carrying amount of<span class=\"_ _5\"/> the goodwill (incl<span class=\"_ _5\"/>uding provisional goodwil<span class=\"_ _5\"/>l of IBI and DPS) is a<span class=\"_ _5\"/>lloca<span class=\"_ _5\"/>ted t<span class=\"_ _5\"/>o each o<span class=\"_ _5\"/>f the CGUs as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Places<span class=\"_ _1d3\"> </span><span class=\"ls12d ws14f\">761,8<span class=\"_ _7\"/>07<span class=\"_ _48\"> </span><span class=\"lsef ws11c\"> 316<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>32<span class=\"_ _6\"/> </span></span>Resilience<span class=\"_ _254\"> </span><span class=\"lsf7 ws113\">3<span class=\"_ _6\"/>74<span class=\"_ _6\"/>,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>3<span class=\"_ _7\"/>5<span class=\"_ _37\"> </span><span class=\"lsee ws11e\"> 313<span class=\"_ _7\"/>,4<span class=\"_ _7\"/>4<span class=\"_ _6\"/>6<span class=\"_ _7\"/> </span></span>Mobility<span class=\"_ _255\"> </span><span class=\"lsf5 ws111\">2<span class=\"_ _6\"/>3<span class=\"_ _6\"/>6<span class=\"_ _7\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>17<span class=\"_ _d5\"> </span></span><span class=\"ws1\"> 20<span class=\"_ _6\"/>0,499<span class=\"_ _6\"/> </span>Intel<span class=\"_ _5\"/>ligence<span class=\"_ _245\"> </span><span class=\"lsf2 ws10e\">10<span class=\"_ _6\"/>9,<span class=\"_ _6\"/>70<span class=\"_ _6\"/>5<span class=\"_ _42\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span></span>T<span class=\"_ _b\"/>otal Goodwill<span class=\"_ _220\"> </span><span class=\"wsac\">1,483,164<span class=\"_ _29\"> </span><span class=\"ls159 ws1a6\">83<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>619</span></span>Impairment <span class=\"_ _5\"/>testing <span class=\"_ _5\"/>for cash-genera<span class=\"_ _5\"/>ting units containing goodwil<span class=\"_ _5\"/>lThe reco<span class=\"_ _5\"/>verable amoun<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> Goodwill f<span class=\"_ _5\"/>or impairment<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>ting purpose has been determined based on a <span class=\"_ _5\"/>val<span class=\"_ _5\"/>ue in use calcula<span class=\"_ _5\"/>tion,<span class=\"_ _b\"/> which is comple<span class=\"_ _5\"/>x and judgmental.<span class=\"_ _b\"/> The calcula<span class=\"_ _b\"/>tions use cash flow projections based on hist<span class=\"_ _5\"/>orical performance,<span class=\"_ _0\"/> our plan f<span class=\"_ _5\"/>or 2023 as appr<span class=\"_ _5\"/>oved by<span class=\"_ _5\"/> the Executiv<span class=\"_ _5\"/>e Board and projections f<span class=\"_ _5\"/>or 20<span class=\"_ _5\"/>23 <span class=\"_ _b\"/>-<span class=\"_ _5\"/> 2026,<span class=\"_ _b\"/> after<span class=\"_ _5\"/> which a t<span class=\"_ _5\"/>erminal v<span class=\"_ _5\"/>alue w<span class=\"_ _5\"/>as calcula<span class=\"_ _5\"/>ted using an estima<span class=\"_ _5\"/>ted gr<span class=\"_ _5\"/>owth rat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The ke<span class=\"_ _5\"/>y assumptions used in <span class=\"_ _5\"/>the projections are:\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">(Net) re<span class=\"_ _5\"/>venue growth: based on experienc<span class=\"_ _5\"/>e and market<span class=\"_ _5\"/> anal<span class=\"_ _5\"/>ysis;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">EBITDA<span class=\"_ _5\"/> margin developmen<span class=\"_ _5\"/>t: based on historica<span class=\"_ _5\"/>l performance,<span class=\"_ _0\"/> plan 2023 and management\u2019<span class=\"_ _5\"/>s long-</span>term pr<span class=\"_ _5\"/>ojections; and\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">W<span class=\"_ _5\"/>eight<span class=\"_ _5\"/>ed aver<span class=\"_ _5\"/>age cost<span class=\"_ _5\"/> of capita<span class=\"_ _5\"/>l (W<span class=\"_ _5\"/>ACC): based on the mark<span class=\"_ _5\"/>et participants vie<span class=\"_ _5\"/>w on ra<span class=\"_ _5\"/>tes o<span class=\"_ _5\"/>f re<span class=\"_ _5\"/>turn </span>demanded for<span class=\"_ _5\"/> investments equival<span class=\"_ _5\"/>ent t<span class=\"_ _5\"/>o those in the <span class=\"_ _6\"/>Company<span class=\"_ _0\"/>.<span class=\"_ _5\"/> The components of the W<span class=\"_ _0\"/>ACC include the Cost<span class=\"_ _5\"/> of<span class=\"_ _5\"/> Equity<span class=\"_ _b\"/>,<span class=\"_ _5\"/> Cost<span class=\"_ _5\"/> of<span class=\"_ _5\"/> Debt and C<span class=\"_ _5\"/>ost o<span class=\"_ _5\"/>f Lease Liabilities.<span class=\"_ _0\"/> The business plans include managemen<span class=\"_ _5\"/>t\u2019s estima<span class=\"_ _5\"/>te about <span class=\"_ _5\"/>the lev<span class=\"_ _5\"/>el and timing of<span class=\"_ _5\"/> the ex<span class=\"_ _5\"/>ecution of<span class=\"_ _5\"/> (the improv<span class=\"_ _5\"/>ement o<span class=\"_ _5\"/>f<span class=\"_ _6\"/>) operating performance and mar<span class=\"_ _5\"/>gins.<span class=\"_ _5\"/> The applied assumptions in <span class=\"_ _5\"/>the tes<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f 2022 ar<span class=\"_ _5\"/>e included in the belo<span class=\"_ _5\"/>w tabl<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> for<span class=\"_ _5\"/> those CGUs with goodwil<span class=\"_ _5\"/>l as at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 2022<span class=\"_ _5\"/>.A<span class=\"_ _5\"/>verage (net)<span class=\"ls3\"> </span>Pre-tax <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>T<span class=\"_ _b\"/>erminal <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>1In %revenue gr<span class=\"_ _5\"/>owthEBIT<span class=\"_ _b\"/>A margindiscount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>egrowt<span class=\"_ _6\"/>h ratePlaces<span class=\"_ _16b\"> </span><span class=\"ls47 ws43\">5.6%<span class=\"_ _4e\"> </span></span>10.4% -12.7%<span class=\"_ _111\"> </span><span class=\"ls10e ws104\">11<span class=\"_ _6\"/>.<span class=\"_ _6\"/>7<span class=\"_ _7\"/>%<span class=\"_ _83\"> </span><span class=\"lsfc ws118\">1.6<span class=\"_ _6\"/>%</span></span>Resilience<span class=\"_ _16c\"> </span><span class=\"ls47 ws43\">5.6%<span class=\"_ _d8\"> </span></span>1<span class=\"_ _5\"/>2.5% -1<span class=\"_ _5\"/>2.6%<span class=\"_ _111\"> </span><span class=\"ls10e ws104\">11<span class=\"_ _6\"/>.<span class=\"_ _7\"/>0<span class=\"_ _7\"/>%<span class=\"_ _83\"> </span><span class=\"lsfc ws118\">1.6%</span></span>Mobility<span class=\"_ _ad\"> </span><span class=\"ls47 ws43\">5.6%<span class=\"_ _d8\"> </span></span>12.4<span class=\"_ _5\"/>% -12.6%<span class=\"_ _56\"> </span><span class=\"lsec ws108\">10.<span class=\"_ _6\"/>3%<span class=\"_ _83\"> </span><span class=\"lsfc ws118\">1.5%</span></span>Intel<span class=\"_ _5\"/>ligence<span class=\"_ _12f\"> </span><span class=\"ls47 ws43\">5.6%<span class=\"_ _4e\"> </span></span>1<span class=\"_ _5\"/>4.4% -18.8%<span class=\"_ _205\"> </span><span class=\"lsec ws108\">10<span class=\"_ _6\"/>.4<span class=\"_ _6\"/>%<span class=\"_ _109\"> </span><span class=\"lsfc ws118\">1.<span class=\"_ _6\"/>4%</span></span>1 The aver<span class=\"_ _5\"/>age net rev<span class=\"_ _5\"/>enue growth represents a<span class=\"_ _5\"/>verage f<span class=\"_ _5\"/>or the period from 202<span class=\"_ _5\"/>4 to 2027<span class=\"_ _0\"/>.  <span class=\"_ _14b\"> </span> The av<span class=\"_ _5\"/>erage pre-tax disc<span class=\"_ _5\"/>ount ra<span class=\"_ _b\"/>te was 1<span class=\"_ _5\"/>0.9% (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 10.4%) and has been de<span class=\"_ _5\"/>termined by<span class=\"_ _5\"/> itera<span class=\"_ _b\"/>tive<span class=\"_ _6\"/> computa<span class=\"_ _5\"/>tion so that<span class=\"_ _5\"/> the v<span class=\"_ _5\"/>alue in use det<span class=\"_ _5\"/>ermined using pre-tax cash <span class=\"_ _5\"/>flows and a pre-tax disc<span class=\"_ _5\"/>ount ra<span class=\"_ _5\"/>te equa<span class=\"_ _5\"/>ls the va<span class=\"_ _5\"/>lue in use det<span class=\"_ _5\"/>ermined using post-<span class=\"_ _5\"/>tax cash flows and a pos<span class=\"_ _5\"/>t-tax disc<span class=\"_ _5\"/>ount ra<span class=\"_ _b\"/>te.<span class=\"_ _b\"/> The w<span class=\"_ _5\"/>eighted a<span class=\"_ _5\"/>vera<span class=\"_ _5\"/>ge post-<span class=\"_ _5\"/>tax discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e used is 8.6% (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 7<span class=\"_ _0\"/>.7%),<span class=\"_ _5\"/> which includes c<span class=\"_ _5\"/>ountry specific premiums when applicable<span class=\"_ _5\"/>.Observations from impairment<span class=\"_ _5\"/> testingThe annual impairment<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>t a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 and sensitivity anal<span class=\"_ _b\"/>ysis around the k<span class=\"_ _5\"/>ey assump<span class=\"_ _5\"/>tions in that tes<span class=\"_ _5\"/>t hav<span class=\"_ _5\"/>e indicat<span class=\"_ _5\"/>ed suff<span class=\"_ _6\"/>icient hea<span class=\"_ _5\"/>droom f<span class=\"_ _5\"/>or al<span class=\"_ _5\"/>l CGUs and as such a reasonabl<span class=\"_ _5\"/>y possible change in any<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the assumptions <span class=\"_ _5\"/>would no<span class=\"_ _5\"/>t cause the r<span class=\"_ _5\"/>ecover<span class=\"_ _5\"/>able amount <span class=\"_ _5\"/>to be less <span class=\"_ _5\"/>than the carrying val<span class=\"_ _5\"/>ue,<span class=\"_ _b\"/> exc<span class=\"_ _5\"/>ept <span class=\"_ _5\"/>for Int<span class=\"_ _5\"/>elligence.<span class=\"_ _b\"/> The headroom <span class=\"_ _5\"/>for In<span class=\"_ _5\"/>telligenc<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> being the differenc<span class=\"_ _5\"/>e between <span class=\"_ _5\"/>the carr<span class=\"_ _6\"/>ying amount (which incl<span class=\"_ _5\"/>udes the provisiona<span class=\"_ _5\"/>l alloca<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> goodwill f<span class=\"_ _5\"/>or IBI ac<span class=\"_ _5\"/>quisition) and the reco<span class=\"_ _5\"/>verable amoun<span class=\"_ _5\"/>t is appro<span class=\"_ _5\"/>ximat<span class=\"_ _5\"/>ely \u20ac25 million.<span class=\"_ _0\"/> Management is positive about<span class=\"_ _5\"/> the medium and long-<span class=\"_ _5\"/>term perspective o<span class=\"_ _5\"/>f the CGU f<span class=\"_ _b\"/>ollowing the expected de<span class=\"_ _5\"/>velopment<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the CGU.<span class=\"_ _0\"/> If the long-<span class=\"_ _5\"/>term gro<span class=\"_ _5\"/>wth rat<span class=\"_ _5\"/>e used in the va<span class=\"_ _5\"/>lue in use calcula<span class=\"_ _b\"/>tion<span class=\"_ _6\"/> had been 1<span class=\"_ _b\"/>% lower <span class=\"_ _5\"/>than management\u2019<span class=\"_ _5\"/>s estimat<span class=\"_ _5\"/>es at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 2022<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the headr<span class=\"_ _5\"/>oom woul<span class=\"_ _5\"/>d amount t<span class=\"_ _b\"/>o<span class=\"_ _6\"/> \u20ac8 million.<span class=\"_ _b\"/> If the l<span class=\"_ _5\"/>ong-term EBITD<span class=\"_ _5\"/>A margin used in <span class=\"_ _5\"/>the val<span class=\"_ _5\"/>ue in use calcula<span class=\"_ _5\"/>tion had been 100 bps lower than management\u2019<span class=\"_ _5\"/>s estimat<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> there w<span class=\"_ _5\"/>ould be no headroom.<span class=\"_ _b\"/> If <span class=\"_ _5\"/>the pre-tax discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e applied t<span class=\"_ _5\"/>o the cash flo<span class=\"_ _5\"/>w projections of<span class=\"_ _5\"/> this CGU had been 1<span class=\"_ _b\"/>% higher than management\u2019<span class=\"_ _5\"/>s estimat<span class=\"_ _5\"/>es (1<span class=\"_ _b\"/>1.3<span class=\"_ _5\"/>% instead o<span class=\"_ _b\"/>f 10.3%),<span class=\"_ _b\"/> the headr<span class=\"_ _5\"/>oom would amoun<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o \u20ac1 million.<span class=\"_ _b\"/> The expected <span class=\"_ _5\"/>future cash flow<span class=\"_ _5\"/>s used in the goodwill impairmen<span class=\"_ _5\"/>t anal<span class=\"_ _5\"/>ysis are based on mana<span class=\"_ _5\"/>gement\u2019s estima<span class=\"_ _5\"/>tes.<span class=\"_ _b\"/> Even<span class=\"_ _5\"/>ts in our end-marke<span class=\"_ _5\"/>ts as well as <span class=\"_ _5\"/>the financial mark<span class=\"_ _5\"/>ets and the ov<span class=\"_ _5\"/>erall ec<span class=\"_ _5\"/>onomy ma<span class=\"_ _5\"/>y hav<span class=\"_ _5\"/>e an adverse impa<span class=\"_ _5\"/>ct on the estima<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>future cash flow<span class=\"_ _5\"/>s of <span class=\"_ _5\"/>the Group.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__45": {
   "value": "F<span class=\"_ _5\"/>or annual impairment<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>ting,<span class=\"_ _b\"/> goodwill is alloca<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to Cash-Genera<span class=\"_ _5\"/>ting Units (CGUs).<span class=\"_ _b\"/> The CGU is the lo<span class=\"_ _5\"/>west lev<span class=\"_ _5\"/>el within the Group a<span class=\"_ _b\"/>t which Goodwill is monit<span class=\"_ _5\"/>ored f<span class=\"_ _5\"/>or int<span class=\"_ _5\"/>ernal managemen<span class=\"_ _5\"/>t purposes.The carrying amount of<span class=\"_ _5\"/> the goodwill (incl<span class=\"_ _5\"/>uding provisional goodwil<span class=\"_ _5\"/>l of IBI and DPS) is a<span class=\"_ _5\"/>lloca<span class=\"_ _5\"/>ted t<span class=\"_ _5\"/>o each o<span class=\"_ _5\"/>f the CGUs as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Places<span class=\"_ _1d3\"> </span><span class=\"ls12d ws14f\">761,8<span class=\"_ _7\"/>07<span class=\"_ _48\"> </span><span class=\"lsef ws11c\"> 316<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>32<span class=\"_ _6\"/> </span></span>Resilience<span class=\"_ _254\"> </span><span class=\"lsf7 ws113\">3<span class=\"_ _6\"/>74<span class=\"_ _6\"/>,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>3<span class=\"_ _7\"/>5<span class=\"_ _37\"> </span><span class=\"lsee ws11e\"> 313<span class=\"_ _7\"/>,4<span class=\"_ _7\"/>4<span class=\"_ _6\"/>6<span class=\"_ _7\"/> </span></span>Mobility<span class=\"_ _255\"> </span><span class=\"lsf5 ws111\">2<span class=\"_ _6\"/>3<span class=\"_ _6\"/>6<span class=\"_ _7\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>17<span class=\"_ _d5\"> </span></span><span class=\"ws1\"> 20<span class=\"_ _6\"/>0,499<span class=\"_ _6\"/> </span>Intel<span class=\"_ _5\"/>ligence<span class=\"_ _245\"> </span><span class=\"lsf2 ws10e\">10<span class=\"_ _6\"/>9,<span class=\"_ _6\"/>70<span class=\"_ _6\"/>5<span class=\"_ _42\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span></span>T<span class=\"_ _b\"/>otal Goodwill<span class=\"_ _220\"> </span><span class=\"wsac\">1,483,164<span class=\"_ _29\"> </span><span class=\"ls159 ws1a6\">83<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>619</span></span>Impairment <span class=\"_ _5\"/>testing <span class=\"_ _5\"/>for cash-genera<span class=\"_ _5\"/>ting units containing goodwil<span class=\"_ _5\"/>lThe reco<span class=\"_ _5\"/>verable amoun<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> Goodwill f<span class=\"_ _5\"/>or impairment<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>ting purpose has been determined based on a <span class=\"_ _5\"/>val<span class=\"_ _5\"/>ue in use calcula<span class=\"_ _5\"/>tion,<span class=\"_ _b\"/> which is comple<span class=\"_ _5\"/>x and judgmental.<span class=\"_ _b\"/> The calcula<span class=\"_ _b\"/>tions use cash flow projections based on hist<span class=\"_ _5\"/>orical performance,<span class=\"_ _0\"/> our plan f<span class=\"_ _5\"/>or 2023 as appr<span class=\"_ _5\"/>oved by<span class=\"_ _5\"/> the Executiv<span class=\"_ _5\"/>e Board and projections f<span class=\"_ _5\"/>or 20<span class=\"_ _5\"/>23 <span class=\"_ _b\"/>-<span class=\"_ _5\"/> 2026,<span class=\"_ _b\"/> after<span class=\"_ _5\"/> which a t<span class=\"_ _5\"/>erminal v<span class=\"_ _5\"/>alue w<span class=\"_ _5\"/>as calcula<span class=\"_ _5\"/>ted using an estima<span class=\"_ _5\"/>ted gr<span class=\"_ _5\"/>owth rat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The ke<span class=\"_ _5\"/>y assumptions used in <span class=\"_ _5\"/>the projections are:\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">(Net) re<span class=\"_ _5\"/>venue growth: based on experienc<span class=\"_ _5\"/>e and market<span class=\"_ _5\"/> anal<span class=\"_ _5\"/>ysis;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">EBITDA<span class=\"_ _5\"/> margin developmen<span class=\"_ _5\"/>t: based on historica<span class=\"_ _5\"/>l performance,<span class=\"_ _0\"/> plan 2023 and management\u2019<span class=\"_ _5\"/>s long-</span>term pr<span class=\"_ _5\"/>ojections; and\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">W<span class=\"_ _5\"/>eight<span class=\"_ _5\"/>ed aver<span class=\"_ _5\"/>age cost<span class=\"_ _5\"/> of capita<span class=\"_ _5\"/>l (W<span class=\"_ _5\"/>ACC): based on the mark<span class=\"_ _5\"/>et participants vie<span class=\"_ _5\"/>w on ra<span class=\"_ _5\"/>tes o<span class=\"_ _5\"/>f re<span class=\"_ _5\"/>turn </span>demanded for<span class=\"_ _5\"/> investments equival<span class=\"_ _5\"/>ent t<span class=\"_ _5\"/>o those in the <span class=\"_ _6\"/>Company<span class=\"_ _0\"/>.<span class=\"_ _5\"/> The components of the W<span class=\"_ _0\"/>ACC include the Cost<span class=\"_ _5\"/> of<span class=\"_ _5\"/> Equity<span class=\"_ _b\"/>,<span class=\"_ _5\"/> Cost<span class=\"_ _5\"/> of<span class=\"_ _5\"/> Debt and C<span class=\"_ _5\"/>ost o<span class=\"_ _5\"/>f Lease Liabilities.<span class=\"_ _0\"/> The business plans include managemen<span class=\"_ _5\"/>t\u2019s estima<span class=\"_ _5\"/>te about <span class=\"_ _5\"/>the lev<span class=\"_ _5\"/>el and timing of<span class=\"_ _5\"/> the ex<span class=\"_ _5\"/>ecution of<span class=\"_ _5\"/> (the improv<span class=\"_ _5\"/>ement o<span class=\"_ _5\"/>f<span class=\"_ _6\"/>) operating performance and mar<span class=\"_ _5\"/>gins.<span class=\"_ _5\"/> The applied assumptions in <span class=\"_ _5\"/>the tes<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f 2022 ar<span class=\"_ _5\"/>e included in the belo<span class=\"_ _5\"/>w tabl<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> for<span class=\"_ _5\"/> those CGUs with goodwil<span class=\"_ _5\"/>l as at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 2022<span class=\"_ _5\"/>.A<span class=\"_ _5\"/>verage (net)<span class=\"ls3\"> </span>Pre-tax <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>T<span class=\"_ _b\"/>erminal <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>1In %revenue gr<span class=\"_ _5\"/>owthEBIT<span class=\"_ _b\"/>A margindiscount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>egrowt<span class=\"_ _6\"/>h ratePlaces<span class=\"_ _16b\"> </span><span class=\"ls47 ws43\">5.6%<span class=\"_ _4e\"> </span></span>10.4% -12.7%<span class=\"_ _111\"> </span><span class=\"ls10e ws104\">11<span class=\"_ _6\"/>.<span class=\"_ _6\"/>7<span class=\"_ _7\"/>%<span class=\"_ _83\"> </span><span class=\"lsfc ws118\">1.6<span class=\"_ _6\"/>%</span></span>Resilience<span class=\"_ _16c\"> </span><span class=\"ls47 ws43\">5.6%<span class=\"_ _d8\"> </span></span>1<span class=\"_ _5\"/>2.5% -1<span class=\"_ _5\"/>2.6%<span class=\"_ _111\"> </span><span class=\"ls10e ws104\">11<span class=\"_ _6\"/>.<span class=\"_ _7\"/>0<span class=\"_ _7\"/>%<span class=\"_ _83\"> </span><span class=\"lsfc ws118\">1.6%</span></span>Mobility<span class=\"_ _ad\"> </span><span class=\"ls47 ws43\">5.6%<span class=\"_ _d8\"> </span></span>12.4<span class=\"_ _5\"/>% -12.6%<span class=\"_ _56\"> </span><span class=\"lsec ws108\">10.<span class=\"_ _6\"/>3%<span class=\"_ _83\"> </span><span class=\"lsfc ws118\">1.5%</span></span>Intel<span class=\"_ _5\"/>ligence<span class=\"_ _12f\"> </span><span class=\"ls47 ws43\">5.6%<span class=\"_ _4e\"> </span></span>1<span class=\"_ _5\"/>4.4% -18.8%<span class=\"_ _205\"> </span><span class=\"lsec ws108\">10<span class=\"_ _6\"/>.4<span class=\"_ _6\"/>%<span class=\"_ _109\"> </span><span class=\"lsfc ws118\">1.<span class=\"_ _6\"/>4%</span></span>1 The aver<span class=\"_ _5\"/>age net rev<span class=\"_ _5\"/>enue growth represents a<span class=\"_ _5\"/>verage f<span class=\"_ _5\"/>or the period from 202<span class=\"_ _5\"/>4 to 2027<span class=\"_ _0\"/>.  <span class=\"_ _14b\"> </span> The av<span class=\"_ _5\"/>erage pre-tax disc<span class=\"_ _5\"/>ount ra<span class=\"_ _b\"/>te was 1<span class=\"_ _5\"/>0.9% (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 10.4%) and has been de<span class=\"_ _5\"/>termined by<span class=\"_ _5\"/> itera<span class=\"_ _b\"/>tive<span class=\"_ _6\"/> computa<span class=\"_ _5\"/>tion so that<span class=\"_ _5\"/> the v<span class=\"_ _5\"/>alue in use det<span class=\"_ _5\"/>ermined using pre-tax cash <span class=\"_ _5\"/>flows and a pre-tax disc<span class=\"_ _5\"/>ount ra<span class=\"_ _5\"/>te equa<span class=\"_ _5\"/>ls the va<span class=\"_ _5\"/>lue in use det<span class=\"_ _5\"/>ermined using post-<span class=\"_ _5\"/>tax cash flows and a pos<span class=\"_ _5\"/>t-tax disc<span class=\"_ _5\"/>ount ra<span class=\"_ _b\"/>te.<span class=\"_ _b\"/> The w<span class=\"_ _5\"/>eighted a<span class=\"_ _5\"/>vera<span class=\"_ _5\"/>ge post-<span class=\"_ _5\"/>tax discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e used is 8.6% (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 7<span class=\"_ _0\"/>.7%),<span class=\"_ _5\"/> which includes c<span class=\"_ _5\"/>ountry specific premiums when applicable<span class=\"_ _5\"/>.Observations from impairment<span class=\"_ _5\"/> testingThe annual impairment<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>t a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 and sensitivity anal<span class=\"_ _b\"/>ysis around the k<span class=\"_ _5\"/>ey assump<span class=\"_ _5\"/>tions in that tes<span class=\"_ _5\"/>t hav<span class=\"_ _5\"/>e indicat<span class=\"_ _5\"/>ed suff<span class=\"_ _6\"/>icient hea<span class=\"_ _5\"/>droom f<span class=\"_ _5\"/>or al<span class=\"_ _5\"/>l CGUs and as such a reasonabl<span class=\"_ _5\"/>y possible change in any<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the assumptions <span class=\"_ _5\"/>would no<span class=\"_ _5\"/>t cause the r<span class=\"_ _5\"/>ecover<span class=\"_ _5\"/>able amount <span class=\"_ _5\"/>to be less <span class=\"_ _5\"/>than the carrying val<span class=\"_ _5\"/>ue,<span class=\"_ _b\"/> exc<span class=\"_ _5\"/>ept <span class=\"_ _5\"/>for Int<span class=\"_ _5\"/>elligence.<span class=\"_ _b\"/> The headroom <span class=\"_ _5\"/>for In<span class=\"_ _5\"/>telligenc<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> being the differenc<span class=\"_ _5\"/>e between <span class=\"_ _5\"/>the carr<span class=\"_ _6\"/>ying amount (which incl<span class=\"_ _5\"/>udes the provisiona<span class=\"_ _5\"/>l alloca<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> goodwill f<span class=\"_ _5\"/>or IBI ac<span class=\"_ _5\"/>quisition) and the reco<span class=\"_ _5\"/>verable amoun<span class=\"_ _5\"/>t is appro<span class=\"_ _5\"/>ximat<span class=\"_ _5\"/>ely \u20ac25 million.<span class=\"_ _0\"/> Management is positive about<span class=\"_ _5\"/> the medium and long-<span class=\"_ _5\"/>term perspective o<span class=\"_ _5\"/>f the CGU f<span class=\"_ _b\"/>ollowing the expected de<span class=\"_ _5\"/>velopment<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the CGU.<span class=\"_ _0\"/> If the long-<span class=\"_ _5\"/>term gro<span class=\"_ _5\"/>wth rat<span class=\"_ _5\"/>e used in the va<span class=\"_ _5\"/>lue in use calcula<span class=\"_ _b\"/>tion<span class=\"_ _6\"/> had been 1<span class=\"_ _b\"/>% lower <span class=\"_ _5\"/>than management\u2019<span class=\"_ _5\"/>s estimat<span class=\"_ _5\"/>es at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 2022<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the headr<span class=\"_ _5\"/>oom woul<span class=\"_ _5\"/>d amount t<span class=\"_ _b\"/>o<span class=\"_ _6\"/> \u20ac8 million.<span class=\"_ _b\"/> If the l<span class=\"_ _5\"/>ong-term EBITD<span class=\"_ _5\"/>A margin used in <span class=\"_ _5\"/>the val<span class=\"_ _5\"/>ue in use calcula<span class=\"_ _5\"/>tion had been 100 bps lower than management\u2019<span class=\"_ _5\"/>s estimat<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> there w<span class=\"_ _5\"/>ould be no headroom.<span class=\"_ _b\"/> If <span class=\"_ _5\"/>the pre-tax discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e applied t<span class=\"_ _5\"/>o the cash flo<span class=\"_ _5\"/>w projections of<span class=\"_ _5\"/> this CGU had been 1<span class=\"_ _b\"/>% higher than management\u2019<span class=\"_ _5\"/>s estimat<span class=\"_ _5\"/>es (1<span class=\"_ _b\"/>1.3<span class=\"_ _5\"/>% instead o<span class=\"_ _b\"/>f 10.3%),<span class=\"_ _b\"/> the headr<span class=\"_ _5\"/>oom would amoun<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o \u20ac1 million.<span class=\"_ _b\"/> The expected <span class=\"_ _5\"/>future cash flow<span class=\"_ _5\"/>s used in the goodwill impairmen<span class=\"_ _5\"/>t anal<span class=\"_ _5\"/>ysis are based on mana<span class=\"_ _5\"/>gement\u2019s estima<span class=\"_ _5\"/>tes.<span class=\"_ _b\"/> Even<span class=\"_ _5\"/>ts in our end-marke<span class=\"_ _5\"/>ts as well as <span class=\"_ _5\"/>the financial mark<span class=\"_ _5\"/>ets and the ov<span class=\"_ _5\"/>erall ec<span class=\"_ _5\"/>onomy ma<span class=\"_ _5\"/>y hav<span class=\"_ _5\"/>e an adverse impa<span class=\"_ _5\"/>ct on the estima<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>future cash flow<span class=\"_ _5\"/>s of <span class=\"_ _5\"/>the Group.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__135": {
   "value": "Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipmen<span class=\"_ _5\"/>t is measured at<span class=\"_ _5\"/> cost l<span class=\"_ _5\"/>ess accumulat<span class=\"_ _5\"/>ed deprecia<span class=\"_ _5\"/>tion and impairment losses.<span class=\"_ _b\"/> Costs include expenditures <span class=\"_ _5\"/>that are dir<span class=\"_ _5\"/>ectly a<span class=\"_ _5\"/>ttributable t<span class=\"_ _5\"/>o the acquisition o<span class=\"_ _5\"/>f the asse<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> Subsequent c<span class=\"_ _5\"/>osts are recogniz<span class=\"_ _5\"/>ed in the carrying amount of<span class=\"_ _5\"/> Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipment<span class=\"_ _5\"/> if it is probabl<span class=\"_ _5\"/>e that<span class=\"_ _5\"/> future economic benefits wil<span class=\"_ _5\"/>l be obtained.<span class=\"_ _b\"/> The costs o<span class=\"_ _5\"/>f day<span class=\"_ _5\"/>-to-day<span class=\"_ _5\"/> ser<span class=\"_ _6\"/>vicing of<span class=\"_ _5\"/> property,<span class=\"_ _b\"/> plant &amp; equipmen<span class=\"_ _5\"/>t are expensed as incurred.Depreciation,<span class=\"_ _0\"/> based on the cost o<span class=\"_ _5\"/>f an asset l<span class=\"_ _5\"/>ess its residual v<span class=\"_ _5\"/>alue,<span class=\"_ _b\"/> is recognized in pro<span class=\"_ _5\"/>fit or loss on a s<span class=\"_ _5\"/>traight-line basis over<span class=\"_ _5\"/> the estimat<span class=\"_ _5\"/>ed useful life<span class=\"_ _5\"/>.<span class=\"_ _5\"/> The estima<span class=\"_ _5\"/>ted useful lif<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> Property,<span class=\"_ _b\"/> plant &amp; equipmen<span class=\"_ _5\"/>t vary ac<span class=\"_ _5\"/>cording t<span class=\"_ _5\"/>o their respective cat<span class=\"_ _5\"/>egories,<span class=\"_ _b\"/> as shown in the table her<span class=\"_ _5\"/>eafter<span class=\"_ _0\"/>.Cat<span class=\"_ _5\"/>egory<span class=\"_ _185\"> </span>Y<span class=\"_ _b\"/>earsLand<span class=\"_ _199\"> </span><span class=\"ws1\">Not deprecia<span class=\"_ _5\"/>ted</span>Buildings <span class=\"_ _207\"> </span><span class=\"ls3 ws18b\">30 -<span class=\"_ _0\"/> <span class=\"_ _7\"/>40 </span>Furnitures and fixtures<span class=\"_ _162\"> </span><span class=\"ls168 ws1\">5<span class=\"_ _6\"/> - <span class=\"_ _7\"/>10<span class=\"_ _7\"/> </span>(IT) equipment<span class=\"_ _258\"> </span><span class=\"ls168\">5<span class=\"_ _6\"/> - <span class=\"_ _7\"/>10<span class=\"_ _7\"/> </span>Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant and equipment<span class=\"_ _5\"/> under devel<span class=\"_ _5\"/>opment<span class=\"_ _259\"> </span>Not<span class=\"_ _5\"/> depreciat<span class=\"_ _5\"/>ed (yet)Depreciation me<span class=\"_ _5\"/>thods and useful life<span class=\"_ _5\"/>,<span class=\"_ _5\"/> as well as r<span class=\"_ _5\"/>esidual va<span class=\"_ _5\"/>lues,<span class=\"_ _5\"/> are reassessed annual<span class=\"_ _5\"/>ly<span class=\"_ _b\"/>.<span class=\"_ _5\"/> When parts of an it<span class=\"_ _5\"/>em of Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipmen<span class=\"_ _5\"/>t have diff<span class=\"_ _5\"/>erent use<span class=\"_ _5\"/>ful life,<span class=\"_ _b\"/> they ar<span class=\"_ _5\"/>e account<span class=\"_ _5\"/>ed f<span class=\"_ _5\"/>or as separa<span class=\"_ _5\"/>te items (major c<span class=\"_ _5\"/>omponents) of<span class=\"_ _5\"/> Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipmen<span class=\"_ _5\"/>t.Gains on the sal<span class=\"_ _5\"/>e of an it<span class=\"_ _5\"/>em of Pr<span class=\"_ _5\"/>oper<span class=\"_ _6\"/>ty<span class=\"_ _b\"/>, plan<span class=\"_ _5\"/>t &amp; equipment ar<span class=\"_ _5\"/>e determined by<span class=\"_ _5\"/> comparing the proc<span class=\"_ _5\"/>eeds from disposal with the carrying amount o<span class=\"_ _5\"/>f Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipmen<span class=\"_ _5\"/>t and are rec<span class=\"_ _5\"/>ognized within Other income in <span class=\"_ _5\"/>the Consolidat<span class=\"_ _5\"/>ed income sta<span class=\"_ _5\"/>tement.<span class=\"_ _b\"/> Losses on the sa<span class=\"_ _5\"/>le of an it<span class=\"_ _5\"/>em of<span class=\"_ _5\"/> Property,<span class=\"_ _b\"/> plant &amp; equipmen<span class=\"_ _5\"/>t are recogniz<span class=\"_ _5\"/>ed within Other operationa<span class=\"_ _5\"/>l costs in the C<span class=\"_ _5\"/>onsolidated inc<span class=\"_ _5\"/>ome stat<span class=\"_ _5\"/>ement.The determina<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> impairment of<span class=\"_ _5\"/> Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipment<span class=\"_ _5\"/> invol<span class=\"_ _5\"/>ves the use o<span class=\"_ _5\"/>f estima<span class=\"_ _5\"/>tes.<span class=\"_ _b\"/> The recov<span class=\"_ _5\"/>erable amount is de<span class=\"_ _5\"/>termined by disc<span class=\"_ _5\"/>ounting the estima<span class=\"_ _5\"/>ted futur<span class=\"_ _5\"/>e cash flows <span class=\"_ _5\"/>to present<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue using a discount r<span class=\"_ _5\"/>ate <span class=\"_ _5\"/>that reflects the curr<span class=\"_ _5\"/>ent marke<span class=\"_ _5\"/>t assessments o<span class=\"_ _5\"/>f the time <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f money and <span class=\"_ _5\"/>the risks specific to <span class=\"_ _5\"/>the asset.<span class=\"_ _5\"/> The identification o<span class=\"_ _5\"/>f impairment indica<span class=\"_ _5\"/>tors,<span class=\"_ _b\"/> as well as <span class=\"_ _5\"/>the estimation o<span class=\"_ _5\"/>f future cash <span class=\"_ _5\"/>flows,<span class=\"_ _b\"/> discount ra<span class=\"_ _5\"/>tes and <span class=\"_ _5\"/>the determina<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue for<span class=\"_ _5\"/> the assets requires mana<span class=\"_ _5\"/>gement t<span class=\"_ _5\"/>o make significant judgemen<span class=\"_ _5\"/>ts.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__132-1": {
   "value": "Depreciation,<span class=\"_ _0\"/> based on the cost o<span class=\"_ _5\"/>f an asset l<span class=\"_ _5\"/>ess its residual v<span class=\"_ _5\"/>alue,<span class=\"_ _b\"/> is recognized in pro<span class=\"_ _5\"/>fit or loss on a s<span class=\"_ _5\"/>traight-line basis over<span class=\"_ _5\"/> the estimat<span class=\"_ _5\"/>ed useful life<span class=\"_ _5\"/>.<span class=\"_ _5\"/> The estima<span class=\"_ _5\"/>ted useful lif<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> Property,<span class=\"_ _b\"/> plant &amp; equipmen<span class=\"_ _5\"/>t vary ac<span class=\"_ _5\"/>cording t<span class=\"_ _5\"/>o their respective cat<span class=\"_ _5\"/>egories,<span class=\"_ _b\"/> as shown in the table her<span class=\"_ _5\"/>eafter<span class=\"_ _0\"/>.Cat<span class=\"_ _5\"/>egory<span class=\"_ _185\"> </span>Y<span class=\"_ _b\"/>earsLand<span class=\"_ _199\"> </span><span class=\"ws1\">Not deprecia<span class=\"_ _5\"/>ted</span>Buildings <span class=\"_ _207\"> </span><span class=\"ls3 ws18b\">30 -<span class=\"_ _0\"/> <span class=\"_ _7\"/>40 </span>Furnitures and fixtures<span class=\"_ _162\"> </span><span class=\"ls168 ws1\">5<span class=\"_ _6\"/> - <span class=\"_ _7\"/>10<span class=\"_ _7\"/> </span>(IT) equipment<span class=\"_ _258\"> </span><span class=\"ls168\">5<span class=\"_ _6\"/> - <span class=\"_ _7\"/>10<span class=\"_ _7\"/> </span>Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant and equipment<span class=\"_ _5\"/> under devel<span class=\"_ _5\"/>opment<span class=\"_ _259\"> </span>Not<span class=\"_ _5\"/> depreciat<span class=\"_ _5\"/>ed (yet)Depreciation me<span class=\"_ _5\"/>thods and useful life<span class=\"_ _5\"/>,<span class=\"_ _5\"/> as well as r<span class=\"_ _5\"/>esidual va<span class=\"_ _5\"/>lues,<span class=\"_ _5\"/> are reassessed annual<span class=\"_ _5\"/>ly<span class=\"_ _b\"/>.<span class=\"_ _5\"/> When parts of an it<span class=\"_ _5\"/>em of Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipmen<span class=\"_ _5\"/>t have diff<span class=\"_ _5\"/>erent use<span class=\"_ _5\"/>ful life,<span class=\"_ _b\"/> they ar<span class=\"_ _5\"/>e account<span class=\"_ _5\"/>ed f<span class=\"_ _5\"/>or as separa<span class=\"_ _5\"/>te items (major c<span class=\"_ _5\"/>omponents) of<span class=\"_ _5\"/> Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipmen<span class=\"_ _5\"/>t.Estimat<span class=\"_ _5\"/>ed useful lives The estimat<span class=\"_ _5\"/>ed useful lives o<span class=\"_ _5\"/>f Goodwill and Intangibl<span class=\"_ _5\"/>e assets varies a<span class=\"_ _5\"/>ccording t<span class=\"_ _5\"/>o their r<span class=\"_ _5\"/>espective categories,<span class=\"_ _b\"/> as shown below.Cat<span class=\"_ _5\"/>egory<span class=\"_ _247\"> </span>Y<span class=\"_ _b\"/>earsGoodwill<span class=\"_ _248\"> </span>Not<span class=\"_ _5\"/> amor<span class=\"_ _6\"/>tizedSoftware <span class=\"_ _249\"> </span><span class=\"ws44\">0.5 \u2013<span class=\"_ _b\"/> <span class=\"_ _6\"/>10 </span>Other intangibl<span class=\"_ _5\"/>e assets<span class=\"_ _24a\"> </span><span class=\"ls16f wsac\">3<span class=\"_ _6\"/> \u2013 <span class=\"_ _7\"/>1<span class=\"_ _6\"/>0<span class=\"_ _7\"/> </span>Intangibles under<span class=\"_ _5\"/> development<span class=\"_ _24b\"> </span>Not<span class=\"_ _5\"/> amor<span class=\"_ _6\"/>tized (yet)",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__46": {
   "value": "In 202<span class=\"_ _b\"/>1 and 2020 no changes wer<span class=\"_ _5\"/>e made in the useful liv<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> depreciation methods and <span class=\"_ _5\"/>the residual v<span class=\"_ _5\"/>alues o<span class=\"_ _5\"/>f Property<span class=\"_ _b\"/>,<span class=\"_ _5\"/> plant &amp; equipment<span class=\"_ _5\"/> elements tha<span class=\"_ _b\"/>t mat<span class=\"_ _5\"/>eriall<span class=\"_ _5\"/>y impact<span class=\"_ _5\"/>ed the Compan<span class=\"_ _5\"/>y<span class=\"_ _5\"/>.<span class=\"_ _b\"/> No proper<span class=\"_ _6\"/>ties wer<span class=\"_ _5\"/>e regist<span class=\"_ _5\"/>ered as security <span class=\"_ _5\"/>for bank<span class=\"_ _5\"/> loans.Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> Plant and Land and Furniture and IT Equipment<span class=\"_ _5\"/> under In \u20ac thousandsBuildingsfixturesequipmentdevelopmen<span class=\"_ _5\"/>t <span class=\"_ _a6\"> </span><span class=\"ff1 ls163 ws193\">To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l</span>Cost<span class=\"_ _12e\"> </span> 56<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>87 <span class=\"_ _a9\"> </span> 103<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>16<span class=\"_ _6\"/> <span class=\"_ _a9\"> </span> 101,7<span class=\"_ _6\"/>21<span class=\"_ _6\"/> <span class=\"_ _1b7\"> </span><span class=\"lsed ws163\"> 7,<span class=\"_ _7\"/>3<span class=\"_ _7\"/>5<span class=\"_ _7\"/>4<span class=\"_ _7\"/> <span class=\"_ _ba\"> </span><span class=\"lsfe ws5b\"> 26<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,578<span class=\"_ _6\"/> </span></span>Accumulat<span class=\"_ _5\"/>ed depreciation<span class=\"_ _25a\"> </span> (37<span class=\"_ _b\"/>,936)<span class=\"_ _a9\"> </span> (65,20<span class=\"_ _6\"/>6)<span class=\"_ _b2\"> </span> (81,30<span class=\"_ _6\"/>4)<span class=\"_ _9c\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _b0\"> </span></span> (184<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>46)Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2020<span class=\"_ _6\"/> <span class=\"_ _10b\"> </span> 18<span class=\"_ _7\"/>,551<span class=\"_ _6\"/> <span class=\"_ _a5\"> </span> 3<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>1<span class=\"_ _7\"/>0<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span> 20,4<span class=\"_ _5\"/>1<span class=\"_ _5\"/>7 <span class=\"_ _7d\"> </span><span class=\"ls147 ws172\"> 7,<span class=\"_ _7\"/>3<span class=\"_ _6\"/>5<span class=\"_ _7\"/>4<span class=\"_ _7\"/> <span class=\"_ _d7\"> </span><span class=\"ls118 ws10e\"> 8<span class=\"_ _7\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>132<span class=\"_ _6\"/> </span></span>Additions<span class=\"_ _25b\"> </span> 389 <span class=\"_ _4d\"> </span> 13<span class=\"_ _7\"/>,3<span class=\"_ _6\"/>9<span class=\"_ _7\"/>5<span class=\"_ _6\"/> <span class=\"_ _d4\"> </span> 16<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>0<span class=\"_ _7\"/>0<span class=\"_ _6\"/> <span class=\"_ _d1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _d9\"> </span><span class=\"ls3 ws137\"> 30,1<span class=\"_ _b\"/>8<span class=\"_ _6\"/>4 </span></span>Acquisitions/ (div<span class=\"_ _5\"/>estments)<span class=\"_ _25c\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _25d\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _c\"> </span>-   </span>Disposals<span class=\"_ _1b0\"> </span><span class=\"ws1\"> (1,7<span class=\"_ _b\"/>43)<span class=\"_ _e4\"> </span> (4,79<span class=\"_ _6\"/>4)<span class=\"_ _54\"> </span> (695)<span class=\"_ _109\"> </span><span class=\"lsef ws11c\"> (1,<span class=\"_ _6\"/>16<span class=\"_ _6\"/>3)<span class=\"_ _b7\"> </span></span> (8<span class=\"_ _6\"/>,395)</span>Reclassifications<span class=\"_ _25e\"> </span> 50 <span class=\"_ _223\"> </span> 32<span class=\"_ _6\"/>5 <span class=\"_ _de\"> </span><span class=\"lsef ws11c\"> 1,4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _83\"> </span></span><span class=\"ws1\"> (1,2<span class=\"_ _5\"/>82)<span class=\"_ _bc\"> </span><span class=\"ls6f ws13a\"> 55<span class=\"_ _6\"/>6 </span></span>Depreciation char<span class=\"_ _5\"/>ges<span class=\"_ _7f\"> </span> (4,936)<span class=\"_ _c3\"> </span> (1<span class=\"_ _5\"/>1,375<span class=\"_ _6\"/>)<span class=\"_ _c3\"> </span> (11,16<span class=\"_ _6\"/>9)<span class=\"_ _222\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _aa\"> </span><span class=\"ls9d ws1\"> (27<span class=\"_ _b\"/>,4<span class=\"_ _6\"/>80)</span></span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _21\"> </span><span class=\"lsef ws11c\"> 1,02<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _de\"> </span></span> 1,277 <span class=\"_ _223\"> </span> 92<span class=\"_ _6\"/>6 <span class=\"_ _c8\"> </span><span class=\"lsfc ws11b\"> 331 <span class=\"_ _b3\"> </span><span class=\"ls6f ws13a\"> 3,<span class=\"_ _6\"/>554<span class=\"_ _6\"/> </span></span>Movement<span class=\"_ _5\"/> 2021 <span class=\"_ _75\"> </span> (5,22<span class=\"_ _6\"/>0)<span class=\"_ _bc\"> </span> (1,1<span class=\"_ _5\"/>72)<span class=\"_ _252\"> </span> 6<span class=\"_ _6\"/>,925 <span class=\"_ _83\"> </span> (2,1<span class=\"_ _b\"/>14)<span class=\"_ _b7\"> </span> (1,581)Cost<span class=\"_ _25f\"> </span> 56<span class=\"_ _6\"/>,202<span class=\"_ _6\"/> <span class=\"_ _b2\"> </span> 113<span class=\"_ _7\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>1<span class=\"_ _6\"/>9<span class=\"_ _7\"/> <span class=\"_ _b2\"> </span> 11<span class=\"_ _6\"/>9<span class=\"_ _6\"/>,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>1<span class=\"_ _6\"/>5<span class=\"_ _7\"/> <span class=\"_ _7d\"> </span><span class=\"lsf8 wse9\"> 5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>41<span class=\"_ _6\"/> <span class=\"_ _ba\"> </span><span class=\"ls9d ws1\"> 2<span class=\"_ _6\"/>94,477 </span></span>Accumulat<span class=\"_ _5\"/>ed depreciation<span class=\"_ _260\"> </span> (42,872<span class=\"_ _5\"/>)<span class=\"_ _a8\"> </span> (76,581)<span class=\"_ _a8\"> </span> (92,473<span class=\"_ _5\"/>)<span class=\"_ _222\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _9e\"> </span></span> (21<span class=\"_ _5\"/>1,9<span class=\"_ _5\"/>26)At<span class=\"_ _5\"/> 31 December 202<span class=\"_ _5\"/>1 <span class=\"_ _173\"> </span><span class=\"ls118 ws10e\"> 13<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>31<span class=\"_ _6\"/> <span class=\"_ _39\"> </span></span> 36,63<span class=\"_ _6\"/>8 <span class=\"_ _a6\"> </span> 27<span class=\"_ _5\"/>,342<span class=\"_ _6\"/> <span class=\"_ _133\"> </span><span class=\"lsf6 ws10f\"> 5,24<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _63\"> </span><span class=\"lsfc ws11b\"> 82<span class=\"_ _6\"/>,<span class=\"_ _6\"/>551<span class=\"_ _6\"/> </span></span>Additions<span class=\"_ _15\"> </span> 7,<span class=\"_ _7\"/>1<span class=\"_ _6\"/>5<span class=\"_ _7\"/>0<span class=\"_ _7\"/> <span class=\"_ _55\"> </span><span class=\"lsf9 ws115\">1<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>6<span class=\"_ _7\"/> <span class=\"_ _55\"> </span></span>1<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>0<span class=\"_ _7\"/>8<span class=\"_ _7\"/>6<span class=\"_ _7\"/> <span class=\"_ _7d\"> </span><span class=\"lsf8 wse9\"> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>51<span class=\"_ _6\"/> <span class=\"_ _50\"> </span><span class=\"lsee ws10a\">3<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>13</span></span>Acquisitions/ div<span class=\"_ _5\"/>estments<span class=\"_ _261\"> </span><span class=\"lsef ws11c\"> 16<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>5<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _194\"> </span></span>6,0<span class=\"_ _6\"/>44<span class=\"_ _18a\"> </span>3,59<span class=\"_ _6\"/>6<span class=\"_ _a1\"> </span><span class=\"lsff ws11b\">(39)<span class=\"_ _b7\"> </span><span class=\"ls3e ws3a\">26<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>57</span></span>Disposals<span class=\"_ _262\"> </span><span class=\"lsf0 ws15c\"> (32)<span class=\"_ _252\"> </span></span>(3,5<span class=\"_ _6\"/>43)<span class=\"_ _a0\"> </span>(<span class=\"_ _6\"/>6<span class=\"_ _7\"/>81)<span class=\"_ _163\"> </span><span class=\"lsfc ws118\">(18<span class=\"_ _6\"/>6<span class=\"_ _6\"/>)<span class=\"_ _d9\"> </span></span>(4<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>42)Reclassifications<span class=\"_ _23\"> </span> 383 <span class=\"_ _db\"> </span>(1,<span class=\"_ _6\"/>16<span class=\"_ _6\"/>6<span class=\"_ _6\"/>)<span class=\"_ _194\"> </span><span class=\"lsf3 ws10f\">4,550<span class=\"_ _8b\"> </span></span>(3,521<span class=\"_ _5\"/>)<span class=\"_ _252\"> </span><span class=\"lsf0 ws10c\">24<span class=\"_ _6\"/>6</span>Depreciation char<span class=\"_ _5\"/>ges<span class=\"_ _87\"> </span> (4,8<span class=\"_ _6\"/>4<span class=\"_ _6\"/>4)<span class=\"_ _d4\"> </span><span class=\"wsac\">(11<span class=\"_ _5\"/>,392)<span class=\"_ _d2\"> </span>(15,226)<span class=\"_ _20f\"> </span><span class=\"ls3 ws1\">-<span class=\"_ _174\"> </span></span>(31,462)</span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _263\"> </span><span class=\"lsee ws11e\"> (<span class=\"_ _6\"/>613<span class=\"_ _6\"/>)<span class=\"_ _133\"> </span></span><span class=\"ls3\">6<span class=\"_ _4f\"> </span></span>(30)<span class=\"_ _1bb\"> </span><span class=\"ls3e ws3a\">26<span class=\"_ _6\"/>4<span class=\"_ _252\"> </span><span class=\"ls10c ws129\">(<span class=\"_ _6\"/>373)</span></span>Movement<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _67\"> </span> 18<span class=\"_ _6\"/>,<span class=\"_ _6\"/>50<span class=\"_ _7\"/>0 <span class=\"_ _3b\"> </span><span class=\"ls117 ws134\">75<span class=\"_ _18a\"> </span></span>9,295<span class=\"_ _16a\"> </span><span class=\"lscd wse4\">(<span class=\"_ _6\"/>9<span class=\"_ _6\"/>31)<span class=\"_ _b7\"> </span><span class=\"lsf1 ws10d\">26<span class=\"_ _6\"/>,939</span></span>Cost<span class=\"_ _130\"> </span> 79,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>47<span class=\"_ _6\"/> <span class=\"_ _e3\"> </span>12<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>6<span class=\"_ _7\"/>8<span class=\"_ _6\"/>6<span class=\"_ _39\"> </span>14<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>3<span class=\"_ _6\"/>6<span class=\"_ _160\"> </span><span class=\"ls9d wsac\">4,30<span class=\"_ _6\"/>9<span class=\"_ _d7\"> </span><span class=\"ls128 ws148\">352,878</span></span>Accumulat<span class=\"_ _5\"/>ed depreciation<span class=\"_ _142\"> </span> (47<span class=\"_ _b\"/>,<span class=\"_ _6\"/>716<span class=\"_ _6\"/>)<span class=\"_ _39\"> </span><span class=\"ls9d wsac\">(87<span class=\"_ _5\"/>,973<span class=\"_ _5\"/>)<span class=\"_ _df\"> </span>(107<span class=\"_ _b\"/>,699)<span class=\"_ _97\"> </span><span class=\"ls3 ws1\">-<span class=\"_ _9e\"> </span></span>(243,38<span class=\"_ _6\"/>8)</span>At<span class=\"_ _5\"/> 31 December 2022 <span class=\"_ _ec\"> </span> 31,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>31 <span class=\"_ _d3\"> </span>3<span class=\"_ _7\"/>6<span class=\"_ _6\"/>,7<span class=\"_ _6\"/>13<span class=\"_ _252\"> </span><span class=\"ls10d ws12b\">3<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>37<span class=\"_ _66\"> </span></span><span class=\"wsac\">4<span class=\"_ _6\"/>,30<span class=\"_ _6\"/>9<span class=\"_ _d8\"> </span><span class=\"ls6f ws77\">10<span class=\"_ _6\"/>9<span class=\"_ _6\"/>,49<span class=\"_ _7\"/>0</span></span>F<span class=\"_ _5\"/>or more details on a<span class=\"_ _5\"/>cquisitions and divestmen<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> go t<span class=\"_ _5\"/>o not<span class=\"_ _5\"/>e 6.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__137": {
   "value": "A contract is, or contains, a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Control is conveyed when the Group has both the right to direct the identified asset\u2019s use and to obtain substantially all the economic benefits from that use. Contracts may contain both lease and non-lease components. The Group allocates the consideration to these components based on its relative stand-alone prices. Non-lease components are not included in the right-of-use asset and lease liability but accounted for separately. Right-of-use assets At commencement of a lease, the Group measures right-of-use assets initially at cost, and subsequently at cost less any accumulated depreciation and impairment losses and adjusted for certain remeasurements of the lease liability.The cost of the right-of-use assets comprise the following:\u2022  Amount of the initial measurement of the lease liability;\u2022  Any lease payments made at or before the commencement date less any lease incentives received at or after the commencement date;\u2022  Any initial direct costs; and\u2022  Restoration costs i.e estimate of the costs to be incurred for dismantling, removal and/ or restoration to the conditions required by the terms of the lease.See note 29 for the accounting policy on provisions for right-of-use assets (restoration provisions). Right-of-use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight-line basis.   Lease liabilitiesLease liabilities are initially measured at the present value of the future lease payments that are not paid at the commencement date discounted using an implicit rate of interest, unless this cannot readily be determined, in which case an incremental borrowing rate is used. The lease liability is subsequently increased by the interest cost on the lease liability and decreased by lease payments made. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, a change in the estimate or the amount expected to be payable under a residual value guarantee, or as appropriate, changes in the assessment of whether a purchase or extension option is reasonably certain to be exercised or a termination option is reasonably certain not to be exercised.Judgment is applied to determine the lease term for some lease contracts in which it is a lessee that include renewal and termination options. The assessment of whether the Group is reasonably certain to exercise such option impacts the lease term, which significantly affects the amount of lease liabilities and right-of-use assets recognized. At reporting date all facts and circumstances are considered that create an economic incentive in determining whether it is reasonably certain that an extension or termination option will be recognized. Changes in the estimate are recognized prospectively.Incremental Borrowing RateThe Incremental Borrowing Rate (IBR) is determined based on a build-up approach, whereby each category of leases has an IBR based on the country (and currency) of the lessee and the lease term. Lease incentivesLease incentives are deducted from the right of use assets if received before the commencement date of the lease; they are deducted from the lease liability if received at or after the commencement date of the lease. Amounts received for leasehold improvements are depreciated over a period not longer than the lease term.  Short-term and low value leasesPayments associated with short-term and/or low value leases are recognized on a straight-line basis as an expense in profit or loss. As a lessorThe Group sub-leases some of its buildings, although not significant. The head leases are presented in the right-of-use assets and the sub-lease contracts are treated as operating leases under IFRS 16. Income from sub-leases is presented in Other income, see note 8.Rent concessions Rent concessions are accounted for as lease modifications by the Group.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__47": {
   "value": "This not<span class=\"_ _5\"/>e provides in<span class=\"_ _5\"/>forma<span class=\"_ _5\"/>tion for<span class=\"_ _5\"/> leases wher<span class=\"_ _5\"/>e the Group is a lessee<span class=\"_ _5\"/>.Leasing a<span class=\"_ _5\"/>ctivitiesThe Group<span class=\"_ _5\"/>\u2019s lease portfolio c<span class=\"_ _5\"/>onsists of<span class=\"_ _5\"/> almost 2<span class=\"_ _5\"/>,50<span class=\"_ _6\"/>4 active lease con<span class=\"_ _5\"/>tracts at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 202<span class=\"_ _5\"/>2 (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 2,500),<span class=\"_ _5\"/> mainly<span class=\"_ _5\"/> rela<span class=\"_ _5\"/>ted t<span class=\"_ _5\"/>o real<span class=\"_ _b\"/>-<span class=\"_ _6\"/>estat<span class=\"_ _5\"/>e lease con<span class=\"_ _5\"/>tracts and vehicl<span class=\"_ _5\"/>es.<span class=\"_ _b\"/> Approxima<span class=\"_ _5\"/>tel<span class=\"_ _b\"/>y 92% o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f the l<span class=\"_ _5\"/>ease liability is <span class=\"_ _5\"/>from land and buildings.Lease t<span class=\"_ _5\"/>ermsLease <span class=\"_ _5\"/>terms are genera<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y nego<span class=\"_ _5\"/>tiat<span class=\"_ _5\"/>ed locall<span class=\"_ _b\"/>y<span class=\"_ _5\"/>,<span class=\"_ _5\"/> with support fr<span class=\"_ _5\"/>om the Global <span class=\"_ _5\"/>W<span class=\"_ _5\"/>orkplace direct<span class=\"_ _5\"/>or and/<span class=\"_ _b\"/>or regional r<span class=\"_ _5\"/>eal esta<span class=\"_ _5\"/>te or pr<span class=\"_ _5\"/>ocurement <span class=\"_ _5\"/>teams <span class=\"_ _5\"/>where needed.<span class=\"_ _b\"/> Contra<span class=\"_ _5\"/>cts are negotiat<span class=\"_ _b\"/>ed on an individual basis and contain a <span class=\"_ _5\"/>wide range of<span class=\"_ _5\"/> t<span class=\"_ _5\"/>erms and conditions,<span class=\"_ _b\"/> such as early <span class=\"_ _5\"/>termina<span class=\"_ _5\"/>tion clauses and renew<span class=\"_ _5\"/>al rights.<span class=\"_ _b\"/> They<span class=\"_ _5\"/> may contain bo<span class=\"_ _5\"/>th lease and non-lease c<span class=\"_ _5\"/>omponents,<span class=\"_ _b\"/> whereby<span class=\"_ _5\"/> the Group has elect<span class=\"_ _5\"/>ed not <span class=\"_ _5\"/>to incl<span class=\"_ _5\"/>ude the service element<span class=\"_ _5\"/> in leases (e.<span class=\"_ _5\"/>g.<span class=\"_ _5\"/> fuel,<span class=\"_ _b\"/> insurance) in the righ<span class=\"_ _5\"/>t-of-use asse<span class=\"_ _5\"/>t and lease liability<span class=\"_ _b\"/>.T<span class=\"_ _b\"/>ermination clauses and r<span class=\"_ _5\"/>enewal righ<span class=\"_ _5\"/>ts are included in sever<span class=\"_ _5\"/>al real es<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>e leases across <span class=\"_ _5\"/>the Group.<span class=\"_ _0\"/> These are used t<span class=\"_ _5\"/>o maximize operationa<span class=\"_ _5\"/>l flexibility<span class=\"_ _5\"/> in terms o<span class=\"_ _5\"/>f managing <span class=\"_ _5\"/>the assets used in the Gr<span class=\"_ _5\"/>oup\u2019<span class=\"_ _5\"/>s operations.<span class=\"_ _0\"/> In<span class=\"_ _6\"/> det<span class=\"_ _5\"/>ermining the lease t<span class=\"_ _b\"/>erm,<span class=\"_ _5\"/> management c<span class=\"_ _5\"/>onsiders all f<span class=\"_ _5\"/>acts and circumstances <span class=\"_ _5\"/>that<span class=\"_ _5\"/> creat<span class=\"_ _5\"/>e an economic incentiv<span class=\"_ _5\"/>e to e<span class=\"_ _5\"/>xercise a r<span class=\"_ _5\"/>enewal righ<span class=\"_ _5\"/>t,<span class=\"_ _b\"/> or not e<span class=\"_ _5\"/>xercise a <span class=\"_ _5\"/>termina<span class=\"_ _5\"/>tion clause.<span class=\"_ _b\"/> Both ext<span class=\"_ _5\"/>ension and t<span class=\"_ _5\"/>ermination options ar<span class=\"_ _5\"/>e howev<span class=\"_ _5\"/>er onl<span class=\"_ _5\"/>y included in <span class=\"_ _5\"/>the lease t<span class=\"_ _5\"/>erm if it is reasonabl<span class=\"_ _b\"/>y certain that<span class=\"_ _5\"/> a lease wil<span class=\"_ _5\"/>l be extended or termina<span class=\"_ _5\"/>ted.<span class=\"_ _b\"/>  F<span class=\"_ _5\"/>actors tha<span class=\"_ _5\"/>t are c<span class=\"_ _5\"/>onsidered in t<span class=\"_ _5\"/>erminating or<span class=\"_ _5\"/> renewing leases include amongs<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>thers:\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Significant penal<span class=\"_ _b\"/>ties invol<span class=\"_ _5\"/>ved;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Leasehold impr<span class=\"_ _5\"/>ovements ma<span class=\"_ _5\"/>de with a significant r<span class=\"_ _5\"/>emaining val<span class=\"_ _5\"/>ue; and</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Costs and business disrup<span class=\"_ _b\"/>tion required t<span class=\"_ _5\"/>o replace a l<span class=\"_ _5\"/>eased asset.</span>An amount o<span class=\"_ _b\"/>f \u20ac19 mil<span class=\"_ _5\"/>lion (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac33 million) ext<span class=\"_ _b\"/>ension and/or<span class=\"_ _5\"/> renewa<span class=\"_ _5\"/>l options are incl<span class=\"_ _5\"/>uded in the Group<span class=\"_ _5\"/>\u2019s lease liability a<span class=\"_ _b\"/>t 31 December<span class=\"_ _5\"/> 2022 r<span class=\"_ _5\"/>eflecting that<span class=\"_ _5\"/> the Group c<span class=\"_ _5\"/>ould not<span class=\"_ _5\"/> replace l<span class=\"_ _5\"/>eased assets without significant cos<span class=\"_ _5\"/>t or business disrup<span class=\"_ _5\"/>tion.As at 3<span class=\"_ _b\"/>1 December 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> potentia<span class=\"_ _5\"/>l future cash outflo<span class=\"_ _5\"/>ws of<span class=\"_ _5\"/> \u20ac164 million (undiscoun<span class=\"_ _5\"/>ted) (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _0\"/>16 mil<span class=\"_ _5\"/>lion)<span class=\"_ _6\"/> hav<span class=\"_ _5\"/>e not been incl<span class=\"_ _5\"/>uded in the lease liability<span class=\"_ _5\"/> because it is not<span class=\"_ _5\"/> reasonabl<span class=\"_ _5\"/>y certain tha<span class=\"_ _5\"/>t the leases <span class=\"_ _5\"/>will be ext<span class=\"_ _5\"/>ended (or not<span class=\"_ _5\"/> t<span class=\"_ _5\"/>erminat<span class=\"_ _5\"/>ed).<span class=\"_ _5\"/> During 2022 <span class=\"_ _5\"/>the financial impact o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the reassessment o<span class=\"_ _5\"/>f reasonabl<span class=\"_ _5\"/>e certainty led t<span class=\"_ _b\"/>o a decrease in recognized lease liabilities and righ<span class=\"_ _5\"/>t-of<span class=\"_ _5\"/>-use assets of<span class=\"_ _5\"/> \u20ac5.5 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac7<span class=\"_ _0\"/>.3 million).If <span class=\"_ _5\"/>the leased asset is abandoned,<span class=\"_ _0\"/> the depreciation o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the Right-of<span class=\"_ _5\"/>-use asset needs adjus<span class=\"_ _5\"/>tment as o<span class=\"_ _5\"/>f the da<span class=\"_ _5\"/>te the lessee mak<span class=\"_ _5\"/>es the decision t<span class=\"_ _5\"/>o abandon the asset,<span class=\"_ _0\"/> so that as o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the cease use dat<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> the carrying amount o<span class=\"_ _5\"/>f the Right-o<span class=\"_ _5\"/>f-use asset is <span class=\"_ _5\"/>zero<span class=\"_ _5\"/>.<span class=\"_ _b\"/> Assuming there are no changes in the l<span class=\"_ _5\"/>ease payments,<span class=\"_ _0\"/> the lease liability <span class=\"_ _5\"/>will remain the same.There w<span class=\"_ _5\"/>ere no leases abandoned during the <span class=\"_ _5\"/>year<span class=\"_ _0\"/>.<span class=\"_ _b\"/> Right-of-use asse<span class=\"_ _5\"/>ts with a carrying val<span class=\"_ _5\"/>ue of \u20ac1<span class=\"_ _b\"/>.8 million<span class=\"_ _6\"/> were abandoned in 20<span class=\"_ _5\"/>21 and <span class=\"_ _5\"/>theref<span class=\"_ _5\"/>ore w<span class=\"_ _5\"/>ere full<span class=\"_ _b\"/>y depreciat<span class=\"_ _b\"/>ed.<span class=\"_ _5\"/> The remaining lease liabilities <span class=\"_ _5\"/>for<span class=\"_ _5\"/> the abandoned leases amount<span class=\"_ _5\"/> to \u20ac0.8 mil<span class=\"_ _5\"/>lion (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac1.6 mil<span class=\"_ _5\"/>lion).The Group does no<span class=\"_ _5\"/>t hav<span class=\"_ _5\"/>e leases with <span class=\"_ _5\"/>variable lease pa<span class=\"_ _5\"/>yments and does not<span class=\"_ _5\"/> provide r<span class=\"_ _5\"/>esidual va<span class=\"_ _5\"/>lue guarant<span class=\"_ _5\"/>ees.Maturity<span class=\"_ _5\"/> profileThe undiscount<span class=\"_ _5\"/>ed va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> lease commitments as a<span class=\"_ _b\"/>t 31 December<span class=\"_ _5\"/> 2022 amoun<span class=\"_ _5\"/>ts to \u20ac3<span class=\"_ _5\"/>39.9 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac27<span class=\"_ _5\"/>7<span class=\"_ _b\"/>.3 million) and the ma<span class=\"_ _5\"/>turity is as shown in <span class=\"_ _5\"/>the table bel<span class=\"_ _5\"/>ow<span class=\"_ _b\"/>.Maturity<span class=\"_ _1fe\"> </span><span class=\"ls10d ws12b\">2022<span class=\"_ _83\"> </span><span class=\"ff2 fc6 lscd wse4\">2021</span></span>0 -<span class=\"_ _b\"/> <span class=\"_ _7\"/>1 <span class=\"_ _6\"/>Y<span class=\"_ _b\"/>ear<span class=\"_ _1e7\"> </span><span class=\"lsf7 ws113\">74<span class=\"_ _7\"/>,<span class=\"_ _6\"/>4<span class=\"_ _7\"/>8<span class=\"_ _7\"/>8<span class=\"_ _19a\"> </span><span class=\"ls102 ws11e\">6<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>191</span></span>1 -<span class=\"_ _b\"/> <span class=\"_ _7\"/>2 <span class=\"_ _6\"/>Y<span class=\"_ _b\"/>ear<span class=\"_ _1e7\"> </span><span class=\"lsef ws10b\">6<span class=\"_ _7\"/>0,<span class=\"_ _6\"/>473<span class=\"_ _4f\"> </span><span class=\"lsee ws10a\">51,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>13</span></span>2 -<span class=\"_ _b\"/> <span class=\"_ _7\"/>3 <span class=\"_ _6\"/>Y<span class=\"_ _b\"/>ear<span class=\"_ _264\"> </span><span class=\"lsf0 ws10c\">50<span class=\"_ _6\"/>,<span class=\"_ _6\"/>024<span class=\"_ _19a\"> </span><span class=\"lsf1 ws10d\">39,29<span class=\"_ _5\"/>7</span></span>3 -<span class=\"_ _b\"/> <span class=\"_ _7\"/>4 <span class=\"_ _6\"/>Y<span class=\"_ _b\"/>ear<span class=\"_ _265\"> </span><span class=\"lsf8 ws114\">41,<span class=\"_ _6\"/>151<span class=\"_ _8d\"> </span>2<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,<span class=\"_ _6\"/>415</span>4 -<span class=\"_ _b\"/> <span class=\"_ _7\"/>5 <span class=\"_ _6\"/>Y<span class=\"_ _b\"/>ear<span class=\"_ _264\"> </span><span class=\"lsf2 ws10e\">34<span class=\"_ _6\"/>,27<span class=\"_ _6\"/>9<span class=\"_ _19a\"> </span><span class=\"lsef ws10b\">21,<span class=\"_ _6\"/>557</span></span>&gt; 5 Y<span class=\"_ _b\"/>ear<span class=\"_ _266\"> </span>79,<span class=\"_ _6\"/>478<span class=\"_ _19a\"> </span>72,02To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1e0\"> </span><span class=\"ls144 ws16f\">339,8<span class=\"_ _6\"/>93<span class=\"_ _18a\"> </span><span class=\"ls147 ws163\">2<span class=\"_ _6\"/>7<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>9<span class=\"_ _6\"/>3</span></span>The undiscount<span class=\"_ _5\"/>ed maturity<span class=\"_ _5\"/> of a<span class=\"_ _5\"/>ll sub-leasing contr<span class=\"_ _5\"/>acts at 3<span class=\"_ _b\"/>1 December 202<span class=\"_ _5\"/>2 amounts t<span class=\"_ _5\"/>o \u20ac0.3 million <span class=\"ls3\"> </span>(202<span class=\"_ _b\"/>1: \u20ac0.1 million) and is no<span class=\"_ _5\"/>t ma<span class=\"_ _5\"/>terial <span class=\"_ _5\"/>for<span class=\"_ _5\"/> the Group.Amounts rec<span class=\"_ _5\"/>ognized in the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed balance shee<span class=\"_ _5\"/>tRight-o<span class=\"_ _5\"/>f-use assetsThe f<span class=\"_ _5\"/>ollowing righ<span class=\"_ _5\"/>t-of-use asse<span class=\"_ _5\"/>ts are recogniz<span class=\"_ _5\"/>ed in the balanc<span class=\"_ _5\"/>e sheet:Leased Leased land and furnitures Leased (IT) Leased <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>buildingsand fixturesequipmentvehicles<span class=\"_ _55\"> </span><span class=\"ff1 ls163 ws193\">To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l</span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2020 <span class=\"_ _12d\"> </span> 225,966<span class=\"_ _6\"/> <span class=\"_ _d3\"> </span><span class=\"lsb6 ws16e\"> 6<span class=\"_ _6\"/>87 <span class=\"_ _e5\"> </span></span> 5,269<span class=\"_ _6\"/> <span class=\"_ _d7\"> </span><span class=\"lsf6 ws10f\"> 24<span class=\"_ _6\"/>,028<span class=\"_ _6\"/> <span class=\"_ _b0\"> </span><span class=\"lsf3 ws194\"> 255,950 </span></span>Additions and remeasurements<span class=\"_ _6b\"> </span> 25<span class=\"_ _6\"/>,46<span class=\"_ _6\"/>0 <span class=\"_ _37\"> </span><span class=\"ls3 ws137\"> 48 <span class=\"_ _76\"> </span> 5 <span class=\"_ _b3\"> </span> 9,830 <span class=\"_ _d7\"> </span> 35,34<span class=\"_ _5\"/>3 </span>Depreciation char<span class=\"_ _5\"/>ges<span class=\"_ _267\"> </span> (54,20<span class=\"_ _6\"/>0)<span class=\"_ _d4\"> </span><span class=\"ls10c ws136\"> (<span class=\"_ _6\"/>273)<span class=\"_ _b6\"> </span></span> (1<span class=\"_ _5\"/>,0<span class=\"_ _6\"/>66)<span class=\"_ _4e\"> </span> (1<span class=\"_ _5\"/>1,1<span class=\"_ _5\"/>45)<span class=\"_ _19d\"> </span> (66<span class=\"_ _6\"/>,68<span class=\"_ _6\"/>4)Acquisitions/ div<span class=\"_ _5\"/>estments<span class=\"_ _82\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _c\"> </span>-   </span>Derecognitions<span class=\"_ _268\"> </span><span class=\"ws1\"> (5,152<span class=\"_ _5\"/>)<span class=\"_ _14c\"> </span><span class=\"ls57 ws164\"> (4<span class=\"_ _7\"/>4)<span class=\"_ _46\"> </span><span class=\"ls3 ws137\"> 7 <span class=\"_ _d4\"> </span><span class=\"lsf0 ws15c\"> (<span class=\"_ _6\"/>6<span class=\"_ _6\"/>8<span class=\"_ _6\"/>2)<span class=\"_ _174\"> </span></span></span></span> (5,871<span class=\"_ _5\"/>)</span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _269\"> </span> 12<span class=\"_ _6\"/>,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>31<span class=\"_ _7\"/> <span class=\"_ _48\"> </span><span class=\"lsef ws11c\"> 16 <span class=\"_ _da\"> </span></span> (2,71<span class=\"_ _b\"/>3)<span class=\"_ _55\"> </span><span class=\"ls10f ws129\"> 315<span class=\"_ _6\"/> <span class=\"_ _ac\"> </span><span class=\"lsf0 ws15c\"> 10<span class=\"_ _6\"/>,24<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>Movement<span class=\"_ _5\"/> 2021 <span class=\"_ _24b\"> </span> (2<span class=\"_ _5\"/>1,261<span class=\"_ _5\"/>)<span class=\"_ _e0\"> </span><span class=\"lsfe ws5b\"> (253)<span class=\"_ _b7\"> </span></span> (3<span class=\"_ _6\"/>,767)<span class=\"_ _aa\"> </span> (1,68<span class=\"_ _6\"/>2)<span class=\"_ _ae\"> </span> (2<span class=\"_ _6\"/>6,9<span class=\"_ _6\"/>63)At<span class=\"_ _5\"/> 31 December 202<span class=\"_ _5\"/>1 <span class=\"_ _146\"> </span> 20<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>705<span class=\"_ _6\"/> <span class=\"_ _55\"> </span> 434 <span class=\"_ _e5\"> </span> 1,<span class=\"_ _6\"/>50<span class=\"_ _6\"/>2 <span class=\"_ _d7\"> </span><span class=\"ls127 ws184\"> 22<span class=\"_ _6\"/>,34<span class=\"_ _6\"/>6 <span class=\"_ _b0\"> </span> 228<span class=\"_ _6\"/>,9<span class=\"_ _6\"/>87 </span>Additions and remeasurements<span class=\"_ _143\"> </span> 4<span class=\"_ _7\"/>0<span class=\"_ _7\"/>,<span class=\"_ _6\"/>11<span class=\"_ _6\"/>8<span class=\"_ _7\"/> <span class=\"_ _db\"> </span> (69)<span class=\"_ _37\"> </span> 52 <span class=\"_ _b2\"> </span><span class=\"lsed ws163\"> 7,<span class=\"_ _7\"/>9<span class=\"_ _7\"/>4<span class=\"_ _6\"/>7<span class=\"_ _7\"/> <span class=\"_ _d0\"> </span><span class=\"ls152 ws17e\"> 48,048 </span></span>Depreciation char<span class=\"_ _5\"/>ges<span class=\"_ _26a\"> </span> (55,230)<span class=\"_ _d4\"> </span><span class=\"ls10f ws129\"> (<span class=\"_ _6\"/>159<span class=\"_ _6\"/>)<span class=\"_ _174\"> </span></span> (1,1<span class=\"_ _5\"/>4<span class=\"_ _6\"/>4)<span class=\"_ _9e\"> </span> (10,801)<span class=\"_ _cd\"> </span> (67<span class=\"_ _b\"/>,334)Acquisitions/ div<span class=\"_ _5\"/>estments<span class=\"_ _26b\"> </span>66<span class=\"_ _6\"/>,84<span class=\"_ _6\"/>8<span class=\"_ _18a\"> </span> 80 <span class=\"_ _c3\"> </span>1,<span class=\"_ _6\"/>016<span class=\"_ _d3\"> </span><span class=\"ls10f ws129\"> (<span class=\"_ _6\"/>15<span class=\"_ _6\"/>6<span class=\"_ _6\"/>)<span class=\"_ _ac\"> </span><span class=\"lsed ws163\"> 6<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>7<span class=\"_ _6\"/>8<span class=\"_ _7\"/>8<span class=\"_ _7\"/> </span></span>Derecognitions<span class=\"_ _26c\"> </span> (277)<span class=\"_ _14c\"> </span> (36)<span class=\"_ _170\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _48\"> </span><span class=\"ls57 ws164\"> (8<span class=\"_ _6\"/>4)<span class=\"_ _e0\"> </span></span><span class=\"ls101\"> (3<span class=\"_ _6\"/>97)</span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _150\"> </span> (1<span class=\"_ _5\"/>,720)<span class=\"_ _d5\"> </span> 22 <span class=\"_ _37\"> </span> 48 <span class=\"_ _de\"> </span><span class=\"lsf5 ws111\">171<span class=\"_ _a9\"> </span><span class=\"lsef ws11c\"> (1,47<span class=\"_ _6\"/>9)</span></span>Movement<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _25\"> </span> 49,739<span class=\"_ _6\"/> <span class=\"_ _d4\"> </span><span class=\"lsec ws112\"> (16<span class=\"_ _6\"/>2)<span class=\"_ _14c\"> </span></span> (2<span class=\"_ _6\"/>8)<span class=\"_ _aa\"> </span> (2<span class=\"_ _6\"/>,923)<span class=\"_ _d0\"> </span> 46,626<span class=\"_ _6\"/> At<span class=\"_ _5\"/> 31 December 2022 <span class=\"_ _135\"> </span> 25<span class=\"_ _5\"/>4,444<span class=\"_ _5\"/> <span class=\"_ _55\"> </span> 27<span class=\"_ _6\"/>2 <span class=\"_ _b2\"> </span> 1,<span class=\"_ _7\"/>474<span class=\"_ _7\"/> <span class=\"_ _63\"> </span><span class=\"ls9d ws1\"> 19,423 <span class=\"_ _19d\"> </span><span class=\"ls118 ws10e\"> 275<span class=\"_ _6\"/>,<span class=\"_ _6\"/>613<span class=\"_ _6\"/> </span></span>Right-o<span class=\"_ _5\"/>f-use assets increased mainl<span class=\"_ _b\"/>y due t<span class=\"_ _5\"/>o acquisitions o<span class=\"_ _5\"/>f IBI and DPS (see not<span class=\"_ _5\"/>e 6) and new l<span class=\"_ _5\"/>ease contra<span class=\"_ _5\"/>cts<span class=\"_ _6\"/> partiall<span class=\"_ _5\"/>y offset<span class=\"_ _5\"/> by depr<span class=\"_ _5\"/>eciation during the <span class=\"_ _5\"/>year<span class=\"_ _0\"/>.<span class=\"_ _5\"/> Lease liabilities and res<span class=\"_ _5\"/>tora<span class=\"_ _5\"/>tion provisionsThe f<span class=\"_ _5\"/>ollowing l<span class=\"_ _5\"/>ease liabilities and rest<span class=\"_ _5\"/>oration pr<span class=\"_ _5\"/>ovisions (see also no<span class=\"_ _5\"/>te 29<span class=\"_ _5\"/>) are recognized in <span class=\"_ _5\"/>the balance shee<span class=\"_ _5\"/>t:<span class=\"_ _6\"/><span class=\"ls3\"> </span>In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">20<span class=\"_ _6\"/>22<span class=\"_ _109\"> </span></span>20Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _17f\"> </span><span class=\"ls102 ws11a\"> 255<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>15<span class=\"_ _6\"/> <span class=\"_ _d6\"> </span><span class=\"lsfe ws5b\"> 278<span class=\"_ _6\"/>,3<span class=\"_ _6\"/>57 </span></span>Additions and remeasurements<span class=\"_ _22d\"> </span><span class=\"wsac\">4<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,38<span class=\"_ _6\"/>0<span class=\"_ _46\"> </span><span class=\"lsf6 ws10f\"> 29,00<span class=\"_ _6\"/>9 </span></span>Payments<span class=\"_ _1db\"> </span><span class=\"ws1\"> (70,61<span class=\"_ _5\"/>0)<span class=\"_ _49\"> </span> (68,85<span class=\"_ _6\"/>0)</span>Acquisitions/ disposa<span class=\"_ _5\"/>ls<span class=\"_ _1a2\"> </span><span class=\"ls102 ws11e\">6<span class=\"_ _6\"/>9<span class=\"_ _6\"/>,<span class=\"_ _6\"/>191<span class=\"_ _6\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> </span></span>Interest<span class=\"_ _1e3\"> </span><span class=\"lsed ws163\"> 7,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>6<span class=\"_ _7\"/>3<span class=\"_ _7\"/> <span class=\"_ _8d\"> </span><span class=\"ls12d ws116\"> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>618<span class=\"_ _6\"/> </span></span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _211\"> </span> (1,477)<span class=\"_ _170\"> </span><span class=\"ls110 ws15f\"> 9,8<span class=\"_ _6\"/>81<span class=\"_ _6\"/> </span>Balance a<span class=\"_ _5\"/>t 31 December <span class=\"_ _26d\"> </span><span class=\"ls147 ws163\">3<span class=\"_ _7\"/>0<span class=\"_ _6\"/>7,<span class=\"_ _6\"/>7<span class=\"_ _6\"/>6<span class=\"_ _7\"/>2<span class=\"_ _18a\"> </span><span class=\"ls102 ws11e\">2<span class=\"_ _6\"/>5<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>15</span></span>Current<span class=\"_ _fd\"> </span><span class=\"ls10f ws129\"> 71,<span class=\"_ _6\"/>815<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span><span class=\"lsf6 ws10f\"> 62,5<span class=\"_ _6\"/>0<span class=\"_ _6\"/>6 </span></span>Non-current<span class=\"_ _74\"> </span><span class=\"lsef ws11c\"> 2<span class=\"_ _6\"/>35<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>47<span class=\"_ _6\"/> <span class=\"_ _d6\"> </span><span class=\"ls102 ws11a\"> 19<span class=\"_ _6\"/>2,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1e3\"> </span><span class=\"ls147 ws172\"> 3<span class=\"_ _7\"/>0<span class=\"_ _6\"/>7,<span class=\"_ _6\"/>7<span class=\"_ _6\"/>6<span class=\"_ _7\"/>2<span class=\"_ _7\"/> <span class=\"_ _d6\"> </span><span class=\"ls102 ws11a\"> 2<span class=\"_ _6\"/>5<span class=\"_ _6\"/>5,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>15<span class=\"_ _6\"/> </span></span>Lease liabilities increased mainl<span class=\"_ _b\"/>y due t<span class=\"_ _5\"/>o acquisitions o<span class=\"_ _5\"/>f IBI and DPS (see not<span class=\"_ _5\"/>e 6) and new l<span class=\"_ _5\"/>ease contra<span class=\"_ _5\"/>cts<span class=\"_ _6\"/> partiall<span class=\"_ _5\"/>y offset<span class=\"_ _5\"/> by pa<span class=\"_ _5\"/>yments during the <span class=\"_ _5\"/>year<span class=\"_ _0\"/>.Amounts rec<span class=\"_ _5\"/>ognized in the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed income sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>tIn \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Depreciation<span class=\"_ _1dd\"> </span><span class=\"ls3 ws137\"> 67<span class=\"_ _0\"/>,334 <span class=\"_ _29\"> </span><span class=\"ls9d ws1\"> 66,6<span class=\"_ _6\"/>84<span class=\"_ _6\"/> </span></span>Inter<span class=\"_ _5\"/>est expense (incl<span class=\"_ _5\"/>uded in Net finance expense)<span class=\"_ _26e\"> </span><span class=\"lsed ws163\"> 7,<span class=\"_ _7\"/>2<span class=\"_ _6\"/>6<span class=\"_ _7\"/>3<span class=\"_ _7\"/> <span class=\"_ _8d\"> </span><span class=\"ls12d ws116\"> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>618<span class=\"_ _6\"/> </span></span>Other opera<span class=\"_ _5\"/>tional costs <span class=\"_ _5\"/>for short-t<span class=\"_ _5\"/>erm leases<span class=\"_ _26f\"> </span><span class=\"lsf9 ws115\">4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>8<span class=\"_ _3b\"> </span><span class=\"lsef ws10b\">1,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>0<span class=\"_ _6\"/>1<span class=\"_ _6\"/> </span></span>Other opera<span class=\"_ _5\"/>tional costs <span class=\"_ _5\"/>for lo<span class=\"_ _5\"/>w-<span class=\"_ _5\"/>value l<span class=\"_ _5\"/>eases<span class=\"_ _21d\"> </span><span class=\"ls3\">301 <span class=\"_ _159\"> </span><span class=\"lsb8 ws18f\"> 65 </span></span>Other opera<span class=\"_ _5\"/>tional costs <span class=\"_ _5\"/>for loss on der<span class=\"_ _5\"/>ecognition lease<span class=\"_ _1fd\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _160\"> </span><span class=\"lsfa ws43\"> 42<span class=\"_ _6\"/> </span></span>Other income <span class=\"_ _5\"/>for gain on derec<span class=\"_ _5\"/>ognition lease<span class=\"_ _1a1\"> </span><span class=\"ls111 ws20\"> (<span class=\"_ _6\"/>3<span class=\"_ _7\"/>01)<span class=\"_ _223\"> </span></span> (1,852)Other income <span class=\"_ _5\"/>from sub-leasing<span class=\"_ _11a\"> </span><span class=\"lsee ws11e\"> (13<span class=\"_ _6\"/>9<span class=\"_ _6\"/>)<span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - </span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _270\"> </span><span class=\"ls144 ws16f\">78,<span class=\"_ _6\"/>58<span class=\"_ _6\"/>6<span class=\"_ _170\"> </span><span class=\"ls9d wsac\">73<span class=\"_ _6\"/>,158</span></span>In limited cases <span class=\"_ _5\"/>the Group acts as a lessor b<span class=\"_ _5\"/>y sub-leasing (part of) a building.<span class=\"_ _5\"/> Such lease income<span class=\"_ _5\"/>,<span class=\"_ _b\"/> amounting to 0.1 mil<span class=\"_ _5\"/>lion in 2022 (202<span class=\"_ _b\"/>1: nil),<span class=\"_ _0\"/> is recognized in Other inc<span class=\"_ _5\"/>ome,<span class=\"_ _b\"/> see not<span class=\"_ _5\"/>e 8. Gains or losses on <span class=\"_ _5\"/>the derecognition o<span class=\"_ _5\"/>f leases amoun<span class=\"_ _5\"/>ted t<span class=\"_ _5\"/>o \u20ac0.3 million gain (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _b\"/>.8 million gain).<span class=\"_ _b\"/> No<span class=\"_ _6\"/> impairments ha<span class=\"_ _5\"/>ve been recogniz<span class=\"_ _5\"/>ed.<span class=\"_ _5\"/> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__141": {
   "value": "Joint arrangementsInvestments in joint arrangements are classified as either joint ventures or joint operations. The classification depends on the contractual rights and obligations, rather than the legal structure of the joint arrangement.Joint ventures are joint arrangements in which the Group has joint control, whereby the Group has rights to the net assets of the arrangement, rather than rights to its assets and obligations for its liabilities. Joint ventures are accounted for using the equity method, where interests in joint ventures are initially recognized at cost, including transaction cost. Subsequently the Group\u2019s share of the profit or loss and movements in other comprehensive income are included in the Consolidated financial statements, whereby the calculation is based on the Group\u2019s accounting policies. When the Group\u2019s share of losses in a joint venture equals or exceeds its interest in a joint venture, the Group does not recognize further losses.Joint operations are joint arrangements whereby the parties that have joint control of the arrangement have rights to the assets, and obligations for the liabilities, relating to the arrangement. Joint operations are accounted for the Group\u2019s direct rights to the assets, liabilities, revenues and expenses of the joint operations and its share of any jointly held or incurred assets, liabilities, revenues and expenses. These are combined on a line-by-line basis with corresponding items in the Group\u2019s financial statements.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__139": {
   "value": "Joint arrangementsInvestments in joint arrangements are classified as either joint ventures or joint operations. The classification depends on the contractual rights and obligations, rather than the legal structure of the joint arrangement.Joint ventures are joint arrangements in which the Group has joint control, whereby the Group has rights to the net assets of the arrangement, rather than rights to its assets and obligations for its liabilities. Joint ventures are accounted for using the equity method, where interests in joint ventures are initially recognized at cost, including transaction cost. Subsequently the Group\u2019s share of the profit or loss and movements in other comprehensive income are included in the Consolidated financial statements, whereby the calculation is based on the Group\u2019s accounting policies. When the Group\u2019s share of losses in a joint venture equals or exceeds its interest in a joint venture, the Group does not recognize further losses.Joint operations are joint arrangements whereby the parties that have joint control of the arrangement have rights to the assets, and obligations for the liabilities, relating to the arrangement. Joint operations are accounted for the Group\u2019s direct rights to the assets, liabilities, revenues and expenses of the joint operations and its share of any jointly held or incurred assets, liabilities, revenues and expenses. These are combined on a line-by-line basis with corresponding items in the Group\u2019s financial statements.AssociatesAssociates are those entities in which the Group has significant influence, but no control over financial and operating policies. Significant influence is presumed to exist when the Group holds more than 20% of the voting power of the entity. Associates are accounted for using the equity method from the date that significant influence commences until the date that significant influence ceases. Initially, investments in associates are recognized at cost, including transaction cost. Goodwill identified on the acquisition of the associate is included in the carrying amount of the investment.The Consolidated financial statements include the Group\u2019s share of the net profit or loss and other comprehensive income of the associates, after adjustments to align the accounting policies with those of the Group. The application of the equity method is applied to loans that form part of a Net investment. Loans to associates are carried at amortized cost less any expected credit losses. The Group applies the Expected Credit Loss model to loans that form part of the Net investment, before recognizing its share of losses from application of the equity method on these loans.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__140": {
   "value": "AssociatesAssociates are those entities in which the Group has significant influence, but no control over financial and operating policies. Significant influence is presumed to exist when the Group holds more than 20% of the voting power of the entity. Associates are accounted for using the equity method from the date that significant influence commences until the date that significant influence ceases. Initially, investments in associates are recognized at cost, including transaction cost. Goodwill identified on the acquisition of the associate is included in the carrying amount of the investment.The Consolidated financial statements include the Group\u2019s share of the net profit or loss and other comprehensive income of the associates, after adjustments to align the accounting policies with those of the Group. The application of the equity method is applied to loans that form part of a Net investment. Loans to associates are carried at amortized cost less any expected credit losses. The Group applies the Expected Credit Loss model to loans that form part of the Net investment, before recognizing its share of losses from application of the equity method on these loans.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__52": {
   "value": "Investments in associates and joint venturesThe nature of business of the Group\u2019s associates and joint ventures are similar. They provide comprehensive knowledge-based consultancy, design, engineering and management services in the area of infrastructure, water, environment and buildings. The most significant investments in associates and joint ventures are listed below.Place of business/ country of Associate/ joint % of ownership % of ownership Name of entityincorporationventureinterest 2022interest 2021Geodynamique et Structure S.A. France Associate 48.68% 48.68%Asset Rail B.V. Netherlands Associate 40.00% 40.00%CARE/RTKL Ltd Saudi Arabia Joint venture 45.00% 45.00%Stroomdal I Netherlands Joint venture 50.00% 50.00%TECHT Ltd United Kingdom Joint venture 50.00% 50.00%The movement in associates and joint ventures in the Consolidated balance sheet is as follows:Associates Associates Joint ventures Joint ventures Total   Total   In \u20ac thousands202220212022202120222021Balance at 1 January 17,594  6,262  1,250  1,638  18,844  7,9 00 Share in result by Arcadis  2,157   11,770   (568)  (534)  1,589   11,235 Investments  -   3   1,695   112   1,695   115 Divestments  -   -   -  -  -   - Received dividends  (10,268)  (400)  (263)  (41)  (10,531)  (441)Expected Credit loss  -   -   -   -   -   - Exchange rate differences  21   (41)  15   75   36   35 Balance at 31 December  9,504   17,594   2,129   1,250   11,633   18,844 There are no loans to associates or joint ventures outstanding as at 31 December 2022 (2021: nil). The joint ventures have share capital consisting solely of ordinary shares, which are held indirectly by the Group, and are non-listed shares. As such there is no available quoted market price for the shares. The Group has no contingent liabilities relating to interests in joint ventures at 31 December 2022 (2021: nil).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__51": {
   "value": "Inves<span class=\"_ _5\"/>tments in associa<span class=\"_ _5\"/>tes and joint<span class=\"_ _5\"/> ven<span class=\"_ _5\"/>turesThe natur<span class=\"_ _5\"/>e of business o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the Group\u2019<span class=\"_ _5\"/>s associat<span class=\"_ _5\"/>es and joint <span class=\"_ _5\"/>ventures ar<span class=\"_ _5\"/>e similar<span class=\"_ _0\"/>.<span class=\"_ _5\"/> They pr<span class=\"_ _5\"/>ovide comprehensiv<span class=\"_ _5\"/>e knowledge-based consul<span class=\"_ _b\"/>tanc<span class=\"_ _6\"/>y<span class=\"_ _b\"/>,<span class=\"_ _5\"/> design,<span class=\"_ _b\"/> engineering and management services in the area o<span class=\"_ _b\"/>f infrastructure<span class=\"_ _5\"/>,<span class=\"_ _5\"/> wa<span class=\"_ _5\"/>ter<span class=\"_ _0\"/>,<span class=\"_ _b\"/> environment and buil<span class=\"_ _5\"/>dings.<span class=\"_ _b\"/> The most significant in<span class=\"_ _5\"/>vestments in associa<span class=\"_ _b\"/>tes and joint <span class=\"_ _5\"/>ventures ar<span class=\"_ _5\"/>e listed below.Place o<span class=\"_ _5\"/>f business/ country o<span class=\"_ _5\"/>f Associate<span class=\"_ _5\"/>/ joint % of<span class=\"_ _5\"/> ownership % of<span class=\"_ _5\"/> ownership Name of<span class=\"_ _5\"/> entityincorpora<span class=\"_ _5\"/>tionventureinterest 202<span class=\"_ _6\"/>2interest 2021Geodynamique et S<span class=\"_ _5\"/>tructure S.<span class=\"_ _6\"/>A<span class=\"_ _6\"/>.<span class=\"_ _c5\"> </span><span class=\"ls10d ws12b\">France<span class=\"_ _51\"> </span></span><span class=\"wsac\">A<span class=\"_ _6\"/>ssociate<span class=\"_ _4c\"> </span>4<span class=\"_ _6\"/>8.6<span class=\"_ _6\"/>8%<span class=\"_ _3b\"> </span>4<span class=\"_ _6\"/>8.6<span class=\"_ _6\"/>8%</span>Asset Rail B.<span class=\"_ _b\"/>V<span class=\"_ _b\"/>.<span class=\"_ _fa\"> </span><span class=\"wsac\">Netherlands<span class=\"_ _57\"> </span>Associate<span class=\"_ _4c\"> </span>4<span class=\"_ _6\"/>0.0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>%<span class=\"_ _3b\"> </span>40.0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>%</span>CARE/RTKL L<span class=\"_ _b\"/>td<span class=\"_ _22f\"> </span>Saudi Arabia<span class=\"_ _d4\"> </span>Joint venture<span class=\"_ _4c\"> </span><span class=\"ls47 ws43\">45<span class=\"_ _6\"/>.0<span class=\"_ _6\"/>0%<span class=\"_ _4c\"> </span>45.0<span class=\"_ _6\"/>0%</span>Stroomda<span class=\"_ _5\"/>l I<span class=\"_ _146\"> </span>Netherlands<span class=\"_ _d4\"> </span>Joint v<span class=\"_ _5\"/>enture<span class=\"_ _161\"> </span><span class=\"wsac\">50.0<span class=\"_ _6\"/>0%<span class=\"_ _3b\"> </span>50<span class=\"_ _6\"/>.0<span class=\"_ _6\"/>0%</span>TECHT L<span class=\"_ _b\"/>td<span class=\"_ _15a\"> </span>United Kingdom<span class=\"_ _d4\"> </span>Joint v<span class=\"_ _5\"/>enture<span class=\"_ _161\"> </span><span class=\"wsac\">50.0<span class=\"_ _6\"/>0%<span class=\"_ _3b\"> </span>50<span class=\"_ _6\"/>.0<span class=\"_ _6\"/>0%</span>The movemen<span class=\"_ _5\"/>t in associat<span class=\"_ _5\"/>es and joint <span class=\"_ _5\"/>ventur<span class=\"_ _5\"/>es in the Consolida<span class=\"_ _5\"/>ted balanc<span class=\"_ _5\"/>e sheet is as <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>ows:Associates Associates Joint v<span class=\"_ _5\"/>entures Joint v<span class=\"_ _5\"/>entures To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _7\"> </span> <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _7\"> </span> <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>In \u20ac thousands202220<span class=\"_ _6\"/>21202220<span class=\"_ _6\"/>21202220<span class=\"_ _6\"/>21Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _271\"> </span>1<span class=\"_ _5\"/>7<span class=\"_ _5\"/>,594<span class=\"_ _e3\"> </span> 6,26<span class=\"_ _6\"/>2 <span class=\"_ _d5\"> </span>1,<span class=\"_ _6\"/>25<span class=\"_ _6\"/>0<span class=\"_ _d5\"> </span> 1,<span class=\"_ _6\"/>63<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _13a\"> </span><span class=\"lsfa ws116\">18,8<span class=\"_ _7\"/>44<span class=\"_ _9e\"> </span><span class=\"ls147 ws172\"> 7,<span class=\"_ _6\"/>9<span class=\"_ _4\"> </span>0<span class=\"_ _7\"/>0<span class=\"_ _7\"/> </span></span>Share in resul<span class=\"_ _5\"/>t by<span class=\"_ _5\"/> Arcadis<span class=\"_ _272\"> </span><span class=\"ls10f ws129\"> 2,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _b7\"> </span></span> 1<span class=\"_ _5\"/>1,770 <span class=\"_ _29\"> </span> (568)<span class=\"_ _29\"> </span> (53<span class=\"_ _6\"/>4)<span class=\"_ _ba\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>58<span class=\"_ _7\"/>9 <span class=\"_ _cf\"> </span><span class=\"ls10e ws111\"> 11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>3<span class=\"_ _6\"/>5<span class=\"_ _7\"/> </span></span>Investmen<span class=\"_ _5\"/>ts<span class=\"_ _273\"> </span> - <span class=\"_ _19a\"> </span> 3 <span class=\"_ _de\"> </span><span class=\"lsef ws11c\"> 1,69<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _51\"> </span><span class=\"ls10e ws111\"> 112<span class=\"_ _7\"/> <span class=\"_ _ae\"> </span></span> 1,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>95<span class=\"_ _6\"/> <span class=\"_ _50\"> </span><span class=\"ls10e ws111\"> 11<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span></span>Divestments<span class=\"_ _1b0\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _66\"> </span><span class=\"ls3 ws1\">-<span class=\"_ _37\"> </span></span> - <span class=\"_ _49\"> </span> - </span>Receiv<span class=\"_ _5\"/>ed dividends<span class=\"_ _1f\"> </span> (10,268)<span class=\"_ _c3\"> </span> (4<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0)<span class=\"_ _29\"> </span> (26<span class=\"_ _6\"/>3)<span class=\"_ _19a\"> </span><span class=\"lsf8 wse9\"> (<span class=\"_ _6\"/>41)<span class=\"_ _6e\"> </span></span> (10,531<span class=\"_ _5\"/>)<span class=\"_ _d8\"> </span><span class=\"lsf8 wse9\"> (<span class=\"_ _6\"/>4<span class=\"_ _6\"/>41<span class=\"_ _6\"/>)</span>Expected Credit<span class=\"_ _5\"/> loss<span class=\"_ _274\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _159\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _d5\"> </span> - <span class=\"_ _49\"> </span> - </span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _275\"> </span> 21 <span class=\"_ _de\"> </span> (<span class=\"_ _6\"/>41)<span class=\"_ _3a\"> </span> 15<span class=\"_ _6\"/> <span class=\"_ _3a\"> </span> 75<span class=\"_ _6\"/> <span class=\"_ _c3\"> </span><span class=\"ls138 ws131\"> 36 <span class=\"_ _a8\"> </span><span class=\"ls2 ws14a\"> 35 </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _c6\"> </span> 9,504<span class=\"_ _6\"/> <span class=\"_ _aa\"> </span> 17<span class=\"_ _0\"/>,59<span class=\"_ _6\"/>4 <span class=\"_ _de\"> </span> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _de\"> </span> 1,250<span class=\"_ _6\"/> <span class=\"_ _62\"> </span><span class=\"lsfd ws114\"> 11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>6<span class=\"_ _7\"/>33<span class=\"_ _7\"/> <span class=\"_ _cb\"> </span><span class=\"lsfa ws43\"> 18<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>4<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span></span>There are no l<span class=\"_ _5\"/>oans to associa<span class=\"_ _5\"/>tes or<span class=\"_ _5\"/> joint <span class=\"_ _5\"/>ventures outs<span class=\"_ _5\"/>tanding as at 3<span class=\"_ _b\"/>1 December 2022 (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: nil).<span class=\"_ _5\"/> The joint <span class=\"_ _5\"/>ventures ha<span class=\"_ _b\"/>ve share capital consis<span class=\"_ _5\"/>ting solely<span class=\"_ _5\"/> of<span class=\"_ _5\"/> ordinary shares,<span class=\"_ _b\"/> which are held indir<span class=\"_ _5\"/>ectly b<span class=\"_ _5\"/>y the Group,<span class=\"_ _0\"/> and are non-listed shar<span class=\"_ _5\"/>es.<span class=\"_ _b\"/> As such there is no av<span class=\"_ _5\"/>ailable quot<span class=\"_ _5\"/>ed marke<span class=\"_ _5\"/>t price f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>the shares.<span class=\"_ _b\"/> The Group has no contingen<span class=\"_ _5\"/>t liabilities rela<span class=\"_ _5\"/>ting to in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>ts in joint <span class=\"_ _5\"/>ventures a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 2<span class=\"_ _5\"/>022 (202<span class=\"_ _b\"/>1: nil).The \u20ac1<span class=\"_ _b\"/>1.8 mil<span class=\"_ _5\"/>lion resul<span class=\"_ _5\"/>t from associa<span class=\"_ _b\"/>tes in 202<span class=\"_ _5\"/>1 was impa<span class=\"_ _5\"/>cted by a <span class=\"_ _5\"/>fa<span class=\"_ _5\"/>vorable out<span class=\"_ _5\"/>come o<span class=\"_ _5\"/>f a commercia<span class=\"_ _5\"/>l arbitra<span class=\"_ _5\"/>tion which resul<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to \u20ac1<span class=\"_ _5\"/>0.3 million dividend receiv<span class=\"_ _5\"/>ed in 2022.<span class=\"_ _b\"/> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__48-1": {
   "value": "Inves<span class=\"_ _5\"/>tments in associa<span class=\"_ _5\"/>tes and joint<span class=\"_ _5\"/> ven<span class=\"_ _5\"/>turesThe natur<span class=\"_ _5\"/>e of business o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the Group\u2019<span class=\"_ _5\"/>s associat<span class=\"_ _5\"/>es and joint <span class=\"_ _5\"/>ventures ar<span class=\"_ _5\"/>e similar<span class=\"_ _0\"/>.<span class=\"_ _5\"/> They pr<span class=\"_ _5\"/>ovide comprehensiv<span class=\"_ _5\"/>e knowledge-based consul<span class=\"_ _b\"/>tanc<span class=\"_ _6\"/>y<span class=\"_ _b\"/>,<span class=\"_ _5\"/> design,<span class=\"_ _b\"/> engineering and management services in the area o<span class=\"_ _b\"/>f infrastructure<span class=\"_ _5\"/>,<span class=\"_ _5\"/> wa<span class=\"_ _5\"/>ter<span class=\"_ _0\"/>,<span class=\"_ _b\"/> environment and buil<span class=\"_ _5\"/>dings.<span class=\"_ _b\"/> The most significant in<span class=\"_ _5\"/>vestments in associa<span class=\"_ _b\"/>tes and joint <span class=\"_ _5\"/>ventures ar<span class=\"_ _5\"/>e listed below.Place o<span class=\"_ _5\"/>f business/ country o<span class=\"_ _5\"/>f Associate<span class=\"_ _5\"/>/ joint % of<span class=\"_ _5\"/> ownership % of<span class=\"_ _5\"/> ownership Name of<span class=\"_ _5\"/> entityincorpora<span class=\"_ _5\"/>tionventureinterest 202<span class=\"_ _6\"/>2interest 2021Geodynamique et S<span class=\"_ _5\"/>tructure S.<span class=\"_ _6\"/>A<span class=\"_ _6\"/>.<span class=\"_ _c5\"> </span><span class=\"ls10d ws12b\">France<span class=\"_ _51\"> </span></span><span class=\"wsac\">A<span class=\"_ _6\"/>ssociate<span class=\"_ _4c\"> </span>4<span class=\"_ _6\"/>8.6<span class=\"_ _6\"/>8%<span class=\"_ _3b\"> </span>4<span class=\"_ _6\"/>8.6<span class=\"_ _6\"/>8%</span>Asset Rail B.<span class=\"_ _b\"/>V<span class=\"_ _b\"/>.<span class=\"_ _fa\"> </span><span class=\"wsac\">Netherlands<span class=\"_ _57\"> </span>Associate<span class=\"_ _4c\"> </span>4<span class=\"_ _6\"/>0.0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>%<span class=\"_ _3b\"> </span>40.0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>%</span>CARE/RTKL L<span class=\"_ _b\"/>td<span class=\"_ _22f\"> </span>Saudi Arabia<span class=\"_ _d4\"> </span>Joint venture<span class=\"_ _4c\"> </span><span class=\"ls47 ws43\">45<span class=\"_ _6\"/>.0<span class=\"_ _6\"/>0%<span class=\"_ _4c\"> </span>45.0<span class=\"_ _6\"/>0%</span>Stroomda<span class=\"_ _5\"/>l I<span class=\"_ _146\"> </span>Netherlands<span class=\"_ _d4\"> </span>Joint v<span class=\"_ _5\"/>enture<span class=\"_ _161\"> </span><span class=\"wsac\">50.0<span class=\"_ _6\"/>0%<span class=\"_ _3b\"> </span>50<span class=\"_ _6\"/>.0<span class=\"_ _6\"/>0%</span>TECHT L<span class=\"_ _b\"/>td<span class=\"_ _15a\"> </span>United Kingdom<span class=\"_ _d4\"> </span>Joint v<span class=\"_ _5\"/>enture<span class=\"_ _161\"> </span><span class=\"wsac\">50.0<span class=\"_ _6\"/>0%<span class=\"_ _3b\"> </span>50<span class=\"_ _6\"/>.0<span class=\"_ _6\"/>0%</span>The movemen<span class=\"_ _5\"/>t in associat<span class=\"_ _5\"/>es and joint <span class=\"_ _5\"/>ventur<span class=\"_ _5\"/>es in the Consolida<span class=\"_ _5\"/>ted balanc<span class=\"_ _5\"/>e sheet is as <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>ows:Associates Associates Joint v<span class=\"_ _5\"/>entures Joint v<span class=\"_ _5\"/>entures To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _7\"> </span> <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _7\"> </span> <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>In \u20ac thousands202220<span class=\"_ _6\"/>21202220<span class=\"_ _6\"/>21202220<span class=\"_ _6\"/>21Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _271\"> </span>1<span class=\"_ _5\"/>7<span class=\"_ _5\"/>,594<span class=\"_ _e3\"> </span> 6,26<span class=\"_ _6\"/>2 <span class=\"_ _d5\"> </span>1,<span class=\"_ _6\"/>25<span class=\"_ _6\"/>0<span class=\"_ _d5\"> </span> 1,<span class=\"_ _6\"/>63<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _13a\"> </span><span class=\"lsfa ws116\">18,8<span class=\"_ _7\"/>44<span class=\"_ _9e\"> </span><span class=\"ls147 ws172\"> 7,<span class=\"_ _6\"/>9<span class=\"_ _4\"> </span>0<span class=\"_ _7\"/>0<span class=\"_ _7\"/> </span></span>Share in resul<span class=\"_ _5\"/>t by<span class=\"_ _5\"/> Arcadis<span class=\"_ _272\"> </span><span class=\"ls10f ws129\"> 2,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _b7\"> </span></span> 1<span class=\"_ _5\"/>1,770 <span class=\"_ _29\"> </span> (568)<span class=\"_ _29\"> </span> (53<span class=\"_ _6\"/>4)<span class=\"_ _ba\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>58<span class=\"_ _7\"/>9 <span class=\"_ _cf\"> </span><span class=\"ls10e ws111\"> 11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>3<span class=\"_ _6\"/>5<span class=\"_ _7\"/> </span></span>Investmen<span class=\"_ _5\"/>ts<span class=\"_ _273\"> </span> - <span class=\"_ _19a\"> </span> 3 <span class=\"_ _de\"> </span><span class=\"lsef ws11c\"> 1,69<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _51\"> </span><span class=\"ls10e ws111\"> 112<span class=\"_ _7\"/> <span class=\"_ _ae\"> </span></span> 1,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>95<span class=\"_ _6\"/> <span class=\"_ _50\"> </span><span class=\"ls10e ws111\"> 11<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span></span>Divestments<span class=\"_ _1b0\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _66\"> </span><span class=\"ls3 ws1\">-<span class=\"_ _37\"> </span></span> - <span class=\"_ _49\"> </span> - </span>Receiv<span class=\"_ _5\"/>ed dividends<span class=\"_ _1f\"> </span> (10,268)<span class=\"_ _c3\"> </span> (4<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0)<span class=\"_ _29\"> </span> (26<span class=\"_ _6\"/>3)<span class=\"_ _19a\"> </span><span class=\"lsf8 wse9\"> (<span class=\"_ _6\"/>41)<span class=\"_ _6e\"> </span></span> (10,531<span class=\"_ _5\"/>)<span class=\"_ _d8\"> </span><span class=\"lsf8 wse9\"> (<span class=\"_ _6\"/>4<span class=\"_ _6\"/>41<span class=\"_ _6\"/>)</span>Expected Credit<span class=\"_ _5\"/> loss<span class=\"_ _274\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _159\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _d5\"> </span> - <span class=\"_ _49\"> </span> - </span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _275\"> </span> 21 <span class=\"_ _de\"> </span> (<span class=\"_ _6\"/>41)<span class=\"_ _3a\"> </span> 15<span class=\"_ _6\"/> <span class=\"_ _3a\"> </span> 75<span class=\"_ _6\"/> <span class=\"_ _c3\"> </span><span class=\"ls138 ws131\"> 36 <span class=\"_ _a8\"> </span><span class=\"ls2 ws14a\"> 35 </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _c6\"> </span> 9,504<span class=\"_ _6\"/> <span class=\"_ _aa\"> </span> 17<span class=\"_ _0\"/>,59<span class=\"_ _6\"/>4 <span class=\"_ _de\"> </span> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _de\"> </span> 1,250<span class=\"_ _6\"/> <span class=\"_ _62\"> </span><span class=\"lsfd ws114\"> 11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>6<span class=\"_ _7\"/>33<span class=\"_ _7\"/> <span class=\"_ _cb\"> </span><span class=\"lsfa ws43\"> 18<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>4<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span></span>There are no l<span class=\"_ _5\"/>oans to associa<span class=\"_ _5\"/>tes or<span class=\"_ _5\"/> joint <span class=\"_ _5\"/>ventures outs<span class=\"_ _5\"/>tanding as at 3<span class=\"_ _b\"/>1 December 2022 (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: nil).<span class=\"_ _5\"/> The joint <span class=\"_ _5\"/>ventures ha<span class=\"_ _b\"/>ve share capital consis<span class=\"_ _5\"/>ting solely<span class=\"_ _5\"/> of<span class=\"_ _5\"/> ordinary shares,<span class=\"_ _b\"/> which are held indir<span class=\"_ _5\"/>ectly b<span class=\"_ _5\"/>y the Group,<span class=\"_ _0\"/> and are non-listed shar<span class=\"_ _5\"/>es.<span class=\"_ _b\"/> As such there is no av<span class=\"_ _5\"/>ailable quot<span class=\"_ _5\"/>ed marke<span class=\"_ _5\"/>t price f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>the shares.<span class=\"_ _b\"/> The Group has no contingen<span class=\"_ _5\"/>t liabilities rela<span class=\"_ _5\"/>ting to in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>ts in joint <span class=\"_ _5\"/>ventures a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 2<span class=\"_ _5\"/>022 (202<span class=\"_ _b\"/>1: nil).The \u20ac1<span class=\"_ _b\"/>1.8 mil<span class=\"_ _5\"/>lion resul<span class=\"_ _5\"/>t from associa<span class=\"_ _b\"/>tes in 202<span class=\"_ _5\"/>1 was impa<span class=\"_ _5\"/>cted by a <span class=\"_ _5\"/>fa<span class=\"_ _5\"/>vorable out<span class=\"_ _5\"/>come o<span class=\"_ _5\"/>f a commercia<span class=\"_ _5\"/>l arbitra<span class=\"_ _5\"/>tion which resul<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to \u20ac1<span class=\"_ _5\"/>0.3 million dividend receiv<span class=\"_ _5\"/>ed in 2022.<span class=\"_ _b\"/> In \u20ac thousands<span class=\"_ _1c8\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">20<span class=\"_ _6\"/>22<span class=\"_ _109\"> </span></span><span class=\"fs7b lscd wse4\">20<span class=\"_ _6\"/>21</span>Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _204\"> </span><span class=\"ls102 ws11a\"> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>152<span class=\"_ _6\"/> <span class=\"_ _c4\"> </span><span class=\"ls152 ws17e\"> 2,048 </span></span>Investmen<span class=\"_ _5\"/>ts<span class=\"_ _276\"> </span><span class=\"lsef ws11c\"> 1,2<span class=\"_ _6\"/>27<span class=\"_ _6\"/> <span class=\"_ _83\"> </span><span class=\"ls119 ws17c\"> 287 </span></span>Acquisitions thr<span class=\"_ _5\"/>ough business combination<span class=\"_ _277\"> </span><span class=\"lsef ws10b\">1,6<span class=\"_ _6\"/>0<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - </span></span>Divestments<span class=\"_ _f6\"> </span><span class=\"ls171 ws1a7\"> (<span class=\"_ _6\"/>1<span class=\"_ _7\"/>,13<span class=\"_ _6\"/>7<span class=\"_ _7\"/>)<span class=\"_ _188\"> </span><span class=\"ls14a ws137\"> - </span></span>Fair<span class=\"_ _5\"/> value changes<span class=\"_ _278\"> </span><span class=\"ws1\"> (180)<span class=\"_ _58\"> </span><span class=\"ls57 ws164\"> (6<span class=\"_ _7\"/>4)</span></span>Others<span class=\"_ _77\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _1bb\"> </span> - </span>Dividends paid<span class=\"_ _1e7\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _101\"> </span><span class=\"ls102 ws11a\"> (19<span class=\"_ _6\"/>4<span class=\"_ _6\"/>)</span></span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _17b\"> </span> (56)<span class=\"_ _159\"> </span><span class=\"lsf2 ws148\"> 75<span class=\"_ _6\"/> </span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _279\"> </span><span class=\"ls81 ws1a8\"> 3,<span class=\"_ _5\"/>609 <span class=\"_ _19a\"> </span><span class=\"ls102 ws11a\"> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>152<span class=\"_ _7\"/> </span></span>The other<span class=\"_ _5\"/> investmen<span class=\"_ _5\"/>ts at 3<span class=\"_ _b\"/>1 December 202<span class=\"_ _5\"/>2 mainly<span class=\"_ _5\"/> corresponds t<span class=\"_ _5\"/>o: \u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">V<span class=\"_ _b\"/>alue of<span class=\"_ _5\"/> the inv<span class=\"_ _5\"/>estment in <span class=\"_ _5\"/>the T<span class=\"_ _0\"/>echstars cohorts for<span class=\"_ _5\"/> \u20ac1.8 million (2<span class=\"_ _5\"/>021<span class=\"_ _b\"/>: \u20ac1.6 mil<span class=\"_ _5\"/>lion).</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">V<span class=\"_ _b\"/>alue of<span class=\"_ _5\"/> inves<span class=\"_ _5\"/>tment in Swit<span class=\"_ _5\"/>ch Energy <span class=\"_ _5\"/>for<span class=\"_ _5\"/> \u20ac1.1 mil<span class=\"_ _5\"/>lion,<span class=\"_ _5\"/> acquir<span class=\"_ _5\"/>ed through IBI Group business </span>combina<span class=\"_ _5\"/>tion. A lev<span class=\"_ _5\"/>el 3 valuation w<span class=\"_ _5\"/>as used to determine the f<span class=\"_ _5\"/>air val<span class=\"_ _5\"/>ue.<span class=\"_ _b\"/> Due to the inherent uncertainty of<span class=\"_ _5\"/> valua<span class=\"_ _b\"/>tion <span class=\"_ _6\"/>of priva<span class=\"_ _5\"/>tel<span class=\"_ _5\"/>y held c<span class=\"_ _5\"/>ompanies,<span class=\"_ _b\"/> the fair <span class=\"_ _5\"/>val<span class=\"_ _5\"/>ue may ho<span class=\"_ _5\"/>wever<span class=\"_ _5\"/> differ <span class=\"_ _5\"/>from wha<span class=\"_ _5\"/>t w<span class=\"_ _5\"/>ould hav<span class=\"_ _5\"/>e been used had a readil<span class=\"_ _b\"/>y av<span class=\"_ _5\"/>ailable marke<span class=\"_ _5\"/>t exist<span class=\"_ _5\"/>ed f<span class=\"_ _5\"/>or al<span class=\"_ _5\"/>l companies.Arcadis NV<span class=\"_ _5\"/> indirectly<span class=\"_ _5\"/> holds 1<span class=\"_ _5\"/>0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>% of<span class=\"_ _5\"/> the ordinary shares o<span class=\"_ _5\"/>f al<span class=\"_ _5\"/>l these subsidiaries,<span class=\"_ _b\"/> and does not hol<span class=\"_ _5\"/>d direct int<span class=\"_ _b\"/>erests in most o<span class=\"_ _5\"/>f them itsel<span class=\"_ _b\"/>f as a resul<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> the int<span class=\"_ _5\"/>ermediat<span class=\"_ _5\"/>e holding structure <span class=\"_ _5\"/>within the Group.<span class=\"_ _b\"/> All subsidiaries are incl<span class=\"_ _5\"/>uded in the financial consolida<span class=\"_ _b\"/>tion.<span class=\"_ _5\"/> The proportion of <span class=\"_ _5\"/>the vo<span class=\"_ _5\"/>ting rights held dir<span class=\"_ _5\"/>ectly by <span class=\"_ _5\"/>the parent<span class=\"_ _5\"/> company does no<span class=\"_ _5\"/>t substan<span class=\"_ _5\"/>tiall<span class=\"_ _b\"/>y differ fr<span class=\"_ _5\"/>om the proportion of<span class=\"_ _5\"/> ordinary shares held.A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the t<span class=\"_ _5\"/>otal non-contr<span class=\"_ _5\"/>olling int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> amounted <span class=\"_ _5\"/>to \u20ac2.0 million nega<span class=\"_ _b\"/>tive<span class=\"_ _6\"/> (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _5\"/>.1 million nega<span class=\"_ _5\"/>tive) and is as such not<span class=\"_ _5\"/> mat<span class=\"_ _5\"/>erial f<span class=\"_ _5\"/>or the Gr<span class=\"_ _5\"/>oup.The main consolida<span class=\"_ _5\"/>ted companies as a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 2<span class=\"_ _5\"/>022 are list<span class=\"_ _5\"/>ed below:Name of<span class=\"_ _5\"/> subsidiar<span class=\"_ _6\"/>y<span class=\"_ _1cb\"> </span>Country o<span class=\"_ _5\"/>f incorpora<span class=\"_ _5\"/>tionAmericasArcadis US,<span class=\"_ _b\"/> Inc.<span class=\"_ _1a5\"> </span>United S<span class=\"_ _5\"/>tates o<span class=\"_ _5\"/>f AmericaIBI Group US<span class=\"_ _1cc\"> </span>United S<span class=\"_ _5\"/>tates o<span class=\"_ _5\"/>f AmericaIBI Group Pro<span class=\"_ _5\"/>fessional Services (Canada) Inc.<span class=\"_ _5a\"> </span><span class=\"wsac\">Canada</span>IBI Group Ar<span class=\"_ _5\"/>chitects (Canada Inc.)<span class=\"_ _93\"> </span><span class=\"wsac\">Canada</span>Arcadis L<span class=\"_ _5\"/>ogos S.<span class=\"_ _6\"/>A<span class=\"_ _6\"/>.<span class=\"_ _192\"> </span><span class=\"wsac\">Brazil</span>CallisonR<span class=\"_ _5\"/>TKL, Inc.<span class=\"_ _1cd\"> </span>United S<span class=\"_ _5\"/>tates o<span class=\"_ _5\"/>f AmericaEurope &amp; Middle EastArcadis C<span class=\"_ _5\"/>onsulting Middle Eas<span class=\"_ _5\"/>t L<span class=\"_ _5\"/>td.<span class=\"_ _84\"> </span>United KingdomArcadis LLP<span class=\"_ _1ce\"> </span>United KingdomArcadis C<span class=\"_ _5\"/>onsulting (UK) Limited<span class=\"_ _106\"> </span>United KingdomArcadis Nederland B<span class=\"_ _5\"/>V<span class=\"_ _197\"> </span>The NetherlandsArcadis Deutschland GmbH<span class=\"_ _1cf\"> </span><span class=\"wsac\">Germany</span>Arcadis F<span class=\"_ _5\"/>rance S.A<span class=\"_ _6\"/>.S.<span class=\"_ _1d0\"> </span><span class=\"ls10d ws12b\">France</span>Arcadis Belgium NV<span class=\"_ _199\"> </span><span class=\"wsac\">Belgium</span>White R<span class=\"_ _5\"/>ock Insurance (Netherlands) P<span class=\"_ _5\"/>cc Limited <span class=\"_ _1d1\"> </span><span class=\"wsac\">Mal<span class=\"_ _5\"/>ta</span>DPS Engineering Holdings Limited<span class=\"_ _72\"> </span><span class=\"wsac\">Ir<span class=\"_ _5\"/>eland</span>Asia PacificArcadis Asia L<span class=\"_ _5\"/>td.<span class=\"_ _105\"> </span><span class=\"ws1\">Hong Kong</span>Arcadis <span class=\"_ _5\"/>Australia Pacific Holdings Pty L<span class=\"_ _b\"/>td.<span class=\"_ _16d\"> </span><span class=\"wsac\">Australia</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__53": {
   "value": "The movemen<span class=\"_ _5\"/>t in associat<span class=\"_ _5\"/>es and joint <span class=\"_ _5\"/>ventur<span class=\"_ _5\"/>es in the Consolida<span class=\"_ _5\"/>ted balanc<span class=\"_ _5\"/>e sheet is as <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>ows:Associates Associates Joint v<span class=\"_ _5\"/>entures Joint v<span class=\"_ _5\"/>entures To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _7\"> </span> <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _7\"> </span> <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>In \u20ac thousands202220<span class=\"_ _6\"/>21202220<span class=\"_ _6\"/>21202220<span class=\"_ _6\"/>21Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _271\"> </span>1<span class=\"_ _5\"/>7<span class=\"_ _5\"/>,594<span class=\"_ _e3\"> </span> 6,26<span class=\"_ _6\"/>2 <span class=\"_ _d5\"> </span>1,<span class=\"_ _6\"/>25<span class=\"_ _6\"/>0<span class=\"_ _d5\"> </span> 1,<span class=\"_ _6\"/>63<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _13a\"> </span><span class=\"lsfa ws116\">18,8<span class=\"_ _7\"/>44<span class=\"_ _9e\"> </span><span class=\"ls147 ws172\"> 7,<span class=\"_ _6\"/>9<span class=\"_ _4\"> </span>0<span class=\"_ _7\"/>0<span class=\"_ _7\"/> </span></span>Share in resul<span class=\"_ _5\"/>t by<span class=\"_ _5\"/> Arcadis<span class=\"_ _272\"> </span><span class=\"ls10f ws129\"> 2,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _b7\"> </span></span> 1<span class=\"_ _5\"/>1,770 <span class=\"_ _29\"> </span> (568)<span class=\"_ _29\"> </span> (53<span class=\"_ _6\"/>4)<span class=\"_ _ba\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>58<span class=\"_ _7\"/>9 <span class=\"_ _cf\"> </span><span class=\"ls10e ws111\"> 11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>3<span class=\"_ _6\"/>5<span class=\"_ _7\"/> </span></span>Investmen<span class=\"_ _5\"/>ts<span class=\"_ _273\"> </span> - <span class=\"_ _19a\"> </span> 3 <span class=\"_ _de\"> </span><span class=\"lsef ws11c\"> 1,69<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _51\"> </span><span class=\"ls10e ws111\"> 112<span class=\"_ _7\"/> <span class=\"_ _ae\"> </span></span> 1,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>95<span class=\"_ _6\"/> <span class=\"_ _50\"> </span><span class=\"ls10e ws111\"> 11<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span></span>Divestments<span class=\"_ _1b0\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _66\"> </span><span class=\"ls3 ws1\">-<span class=\"_ _37\"> </span></span> - <span class=\"_ _49\"> </span> - </span>Receiv<span class=\"_ _5\"/>ed dividends<span class=\"_ _1f\"> </span> (10,268)<span class=\"_ _c3\"> </span> (4<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0)<span class=\"_ _29\"> </span> (26<span class=\"_ _6\"/>3)<span class=\"_ _19a\"> </span><span class=\"lsf8 wse9\"> (<span class=\"_ _6\"/>41)<span class=\"_ _6e\"> </span></span> (10,531<span class=\"_ _5\"/>)<span class=\"_ _d8\"> </span><span class=\"lsf8 wse9\"> (<span class=\"_ _6\"/>4<span class=\"_ _6\"/>41<span class=\"_ _6\"/>)</span>Expected Credit<span class=\"_ _5\"/> loss<span class=\"_ _274\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _159\"> </span> - <span class=\"_ _8b\"> </span> - <span class=\"_ _d5\"> </span> - <span class=\"_ _49\"> </span> - </span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _275\"> </span> 21 <span class=\"_ _de\"> </span> (<span class=\"_ _6\"/>41)<span class=\"_ _3a\"> </span> 15<span class=\"_ _6\"/> <span class=\"_ _3a\"> </span> 75<span class=\"_ _6\"/> <span class=\"_ _c3\"> </span><span class=\"ls138 ws131\"> 36 <span class=\"_ _a8\"> </span><span class=\"ls2 ws14a\"> 35 </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _c6\"> </span> 9,504<span class=\"_ _6\"/> <span class=\"_ _aa\"> </span> 17<span class=\"_ _0\"/>,59<span class=\"_ _6\"/>4 <span class=\"_ _de\"> </span> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _de\"> </span> 1,250<span class=\"_ _6\"/> <span class=\"_ _62\"> </span><span class=\"lsfd ws114\"> 11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>6<span class=\"_ _7\"/>33<span class=\"_ _7\"/> <span class=\"_ _cb\"> </span><span class=\"lsfa ws43\"> 18<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>4<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span></span>There are no l<span class=\"_ _5\"/>oans to associa<span class=\"_ _5\"/>tes or<span class=\"_ _5\"/> joint <span class=\"_ _5\"/>ventures outs<span class=\"_ _5\"/>tanding as at 3<span class=\"_ _b\"/>1 December 2022 (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: nil).<span class=\"_ _5\"/> The joint <span class=\"_ _5\"/>ventures ha<span class=\"_ _b\"/>ve share capital consis<span class=\"_ _5\"/>ting solely<span class=\"_ _5\"/> of<span class=\"_ _5\"/> ordinary shares,<span class=\"_ _b\"/> which are held indir<span class=\"_ _5\"/>ectly b<span class=\"_ _5\"/>y the Group,<span class=\"_ _0\"/> and are non-listed shar<span class=\"_ _5\"/>es.<span class=\"_ _b\"/> As such there is no av<span class=\"_ _5\"/>ailable quot<span class=\"_ _5\"/>ed marke<span class=\"_ _5\"/>t price f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>the shares.<span class=\"_ _b\"/> The Group has no contingen<span class=\"_ _5\"/>t liabilities rela<span class=\"_ _5\"/>ting to in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>ts in joint <span class=\"_ _5\"/>ventures a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 2<span class=\"_ _5\"/>022 (202<span class=\"_ _b\"/>1: nil).The \u20ac1<span class=\"_ _b\"/>1.8 mil<span class=\"_ _5\"/>lion resul<span class=\"_ _5\"/>t from associa<span class=\"_ _b\"/>tes in 202<span class=\"_ _5\"/>1 was impa<span class=\"_ _5\"/>cted by a <span class=\"_ _5\"/>fa<span class=\"_ _5\"/>vorable out<span class=\"_ _5\"/>come o<span class=\"_ _5\"/>f a commercia<span class=\"_ _5\"/>l arbitra<span class=\"_ _5\"/>tion which resul<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to \u20ac1<span class=\"_ _5\"/>0.3 million dividend receiv<span class=\"_ _5\"/>ed in 2022.<span class=\"_ _b\"/> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__143": {
   "value": "Other investments relate to interests in companies over which the Group has no significant influence nor control. Other investments are accounted for at fair value through profit or loss.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__54": {
   "value": "In \u20ac thousands<span class=\"_ _1c8\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">20<span class=\"_ _6\"/>22<span class=\"_ _109\"> </span></span><span class=\"fs7b lscd wse4\">20<span class=\"_ _6\"/>21</span>Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _204\"> </span><span class=\"ls102 ws11a\"> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>152<span class=\"_ _6\"/> <span class=\"_ _c4\"> </span><span class=\"ls152 ws17e\"> 2,048 </span></span>Investmen<span class=\"_ _5\"/>ts<span class=\"_ _276\"> </span><span class=\"lsef ws11c\"> 1,2<span class=\"_ _6\"/>27<span class=\"_ _6\"/> <span class=\"_ _83\"> </span><span class=\"ls119 ws17c\"> 287 </span></span>Acquisitions thr<span class=\"_ _5\"/>ough business combination<span class=\"_ _277\"> </span><span class=\"lsef ws10b\">1,6<span class=\"_ _6\"/>0<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - </span></span>Divestments<span class=\"_ _f6\"> </span><span class=\"ls171 ws1a7\"> (<span class=\"_ _6\"/>1<span class=\"_ _7\"/>,13<span class=\"_ _6\"/>7<span class=\"_ _7\"/>)<span class=\"_ _188\"> </span><span class=\"ls14a ws137\"> - </span></span>Fair<span class=\"_ _5\"/> value changes<span class=\"_ _278\"> </span><span class=\"ws1\"> (180)<span class=\"_ _58\"> </span><span class=\"ls57 ws164\"> (6<span class=\"_ _7\"/>4)</span></span>Others<span class=\"_ _77\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _1bb\"> </span> - </span>Dividends paid<span class=\"_ _1e7\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _101\"> </span><span class=\"ls102 ws11a\"> (19<span class=\"_ _6\"/>4<span class=\"_ _6\"/>)</span></span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _17b\"> </span> (56)<span class=\"_ _159\"> </span><span class=\"lsf2 ws148\"> 75<span class=\"_ _6\"/> </span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _279\"> </span><span class=\"ls81 ws1a8\"> 3,<span class=\"_ _5\"/>609 <span class=\"_ _19a\"> </span><span class=\"ls102 ws11a\"> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>152<span class=\"_ _7\"/> </span></span>The other<span class=\"_ _5\"/> investmen<span class=\"_ _5\"/>ts at 3<span class=\"_ _b\"/>1 December 202<span class=\"_ _5\"/>2 mainly<span class=\"_ _5\"/> corresponds t<span class=\"_ _5\"/>o: \u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">V<span class=\"_ _b\"/>alue of<span class=\"_ _5\"/> the inv<span class=\"_ _5\"/>estment in <span class=\"_ _5\"/>the T<span class=\"_ _0\"/>echstars cohorts for<span class=\"_ _5\"/> \u20ac1.8 million (2<span class=\"_ _5\"/>021<span class=\"_ _b\"/>: \u20ac1.6 mil<span class=\"_ _5\"/>lion).</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">V<span class=\"_ _b\"/>alue of<span class=\"_ _5\"/> inves<span class=\"_ _5\"/>tment in Swit<span class=\"_ _5\"/>ch Energy <span class=\"_ _5\"/>for<span class=\"_ _5\"/> \u20ac1.1 mil<span class=\"_ _5\"/>lion,<span class=\"_ _5\"/> acquir<span class=\"_ _5\"/>ed through IBI Group business </span>combina<span class=\"_ _5\"/>tion. A lev<span class=\"_ _5\"/>el 3 valuation w<span class=\"_ _5\"/>as used to determine the f<span class=\"_ _5\"/>air val<span class=\"_ _5\"/>ue.<span class=\"_ _b\"/> Due to the inherent uncertainty of<span class=\"_ _5\"/> valua<span class=\"_ _b\"/>tion <span class=\"_ _6\"/>of priva<span class=\"_ _5\"/>tel<span class=\"_ _5\"/>y held c<span class=\"_ _5\"/>ompanies,<span class=\"_ _b\"/> the fair <span class=\"_ _5\"/>val<span class=\"_ _5\"/>ue may ho<span class=\"_ _5\"/>wever<span class=\"_ _5\"/> differ <span class=\"_ _5\"/>from wha<span class=\"_ _5\"/>t w<span class=\"_ _5\"/>ould hav<span class=\"_ _5\"/>e been used had a readil<span class=\"_ _b\"/>y av<span class=\"_ _5\"/>ailable marke<span class=\"_ _5\"/>t exist<span class=\"_ _5\"/>ed f<span class=\"_ _5\"/>or al<span class=\"_ _5\"/>l companies.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__147-1": {
   "value": "GeneralThe Group uses derivatives in order to hedge the exposure to foreign exchange risks and interest rate risks arising from operational, financing and investment activities. Derivatives to be used for hedging purposes can include forward foreign exchange rate contracts, foreign exchange swaps and interest rate swaps and a combination of those, such as cross-currency interest rate swaps. The Group does not hold or issue derivatives for trading purposes. Hedge accounting is applied for cash flow hedges related to forecasted transactions and fair value hedges.Measurement and recognitionAll derivative financial instruments are initially recognized at fair value. Attributable transaction costs are recognized in profit or loss when incurred. Subsequently, derivatives are measured at fair value derived from market prices of the instruments or valuation techniques, with the fair value changes recognized in profit or loss, unless hedge accounting is applied. A gain or loss on remeasurement to the fair value of the interest rate derivatives is recognized in profit or loss under fair value change of derivatives. The fair value changes of forward foreign exchange contracts are recognized in operating income. The carrying values of the derivatives are recognized in the balance sheet as derivatives, which can be classified as current or non-current assets or liabilities, depending on the maturity of the contracts.Fair valueA fair value is the price that would be received to sell an asset or would be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value of derivatives is determined by using valuation models that incorporate various inputs, such as forward interest rate curves and the credit worthiness of counterparties. The methods and assumptions used to estimate the fair value are consistent with the prior year.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__146": {
   "value": "GeneralThe Group uses derivatives in order to hedge the exposure to foreign exchange risks and interest rate risks arising from operational, financing and investment activities. Derivatives to be used for hedging purposes can include forward foreign exchange rate contracts, foreign exchange swaps and interest rate swaps and a combination of those, such as cross-currency interest rate swaps. The Group does not hold or issue derivatives for trading purposes. Hedge accounting is applied for cash flow hedges related to forecasted transactions and fair value hedges.Measurement and recognitionAll derivative financial instruments are initially recognized at fair value. Attributable transaction costs are recognized in profit or loss when incurred. Subsequently, derivatives are measured at fair value derived from market prices of the instruments or valuation techniques, with the fair value changes recognized in profit or loss, unless hedge accounting is applied. A gain or loss on remeasurement to the fair value of the interest rate derivatives is recognized in profit or loss under fair value change of derivatives. The fair value changes of forward foreign exchange contracts are recognized in operating income. The carrying values of the derivatives are recognized in the balance sheet as derivatives, which can be classified as current or non-current assets or liabilities, depending on the maturity of the contracts.Hedge accountingFor a cash flow hedge of a forecasted transaction, the transaction should be highly probable to occur and should present an exposure to variations in cash flows that could ultimately affect reported profit or loss. In specific cases hedge accounting is applied for cash flow hedges. In that case, the effective part of the fair value change of those derivatives is deferred in Other comprehensive income and presented in the hedging reserve in Equity. The hedging reserve includes the cash flow hedge reserve and the costs of hedging. Changes in the fair value of the currency basis since the inception of the hedging relationship will be deferred into a separate component of Other comprehensive income.The amount recognized in Other comprehensive income as cash flow hedge reserve is released to the related lines in profit or loss at the same time as the hedged cash flows affect profit or loss. Any ineffective portion of change in the fair value of the derivatives is included in profit or loss immediately.At inception of the hedge, the relationship between the hedging instrument and the hedged item is documented \u2013 including the risk management objectives, strategy of undertaking the hedge transaction, the hedged risk \u2013 and, in case of hedge accounting, the methods that will be used to assess the effectiveness of the hedge. Both at the inception of the hedge and at each reporting date, the Group makes an assessment whether the derivatives used are highly effective in offsetting changes in fair values of the cash flows of the hedged items.The economic relationship between the hedging instrument and the hedged item is, amongst others, determined based upon matching notional amounts, a minimal fair value of the hedging instrument at inception, matching the underlying hedged risk (interest benchmark rate or currency pair), matching repricing and payment dates and an assessment of the likelihood of default of the hedging counterparty. Sources of ineffectiveness can, amongst others, be driven by movements in the credit spread of Arcadis and the relevant hedging counterparty, mismatch of payment flow frequencies, mismatch of interest conditions, such as interest floors and possible changes to the critical terms of the economic relationship.When a derivative ceases to be highly effective or in case of early redemption of the hedged item, hedge accounting is discontinued prospectively. When a cash flow hedge relationship is terminated, the fair value changes deferred in the cash flow hedging reserve in equity are released to profit or loss under the fair value change of derivatives only when the hedged transaction is no longer expected to occur. Otherwise, these fair value changes will be released to profit or loss at the same time as the hedged item.Fair valueA fair value is the price that would be received to sell an asset or would be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value of derivatives is determined by using valuation models that incorporate various inputs, such as forward interest rate curves and the credit worthiness of counterparties. The methods and assumptions used to estimate the fair value are consistent with the prior year.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__144": {
   "value": "Hedge accoun<span class=\"_ _5\"/>tingFor<span class=\"_ _5\"/> a cash flow hedge o<span class=\"_ _5\"/>f a f<span class=\"_ _5\"/>orecast<span class=\"_ _5\"/>ed transaction,<span class=\"_ _b\"/> the transa<span class=\"_ _5\"/>ction should be highly pr<span class=\"_ _5\"/>obable t<span class=\"_ _5\"/>o occur and should presen<span class=\"_ _5\"/>t an exposure <span class=\"_ _5\"/>to varia<span class=\"_ _5\"/>tions in cash flow<span class=\"_ _5\"/>s that<span class=\"_ _5\"/> could ul<span class=\"_ _5\"/>timatel<span class=\"_ _b\"/>y affect reported pr<span class=\"_ _5\"/>ofit or loss.<span class=\"_ _0\"/> In specif<span class=\"_ _6\"/>ic cases hedge accoun<span class=\"_ _5\"/>ting is applied for<span class=\"_ _5\"/> cash flow hedges.<span class=\"_ _b\"/> In tha<span class=\"_ _5\"/>t case,<span class=\"_ _b\"/> the effective part of<span class=\"_ _5\"/> the f<span class=\"_ _5\"/>air val<span class=\"_ _5\"/>ue change of <span class=\"_ _5\"/>those derivativ<span class=\"_ _5\"/>es is deferr<span class=\"_ _5\"/>ed in Other comprehensiv<span class=\"_ _5\"/>e income and present<span class=\"_ _5\"/>ed in the hedging reserve in Equity<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The hedging reserve includes the cash flow<span class=\"_ _5\"/> hedge reserve and the costs o<span class=\"_ _5\"/>f hedging.<span class=\"_ _b\"/> Changes in the fair <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f the curr<span class=\"_ _5\"/>ency basis since the incep<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the hedging relationship <span class=\"_ _5\"/>will be def<span class=\"_ _5\"/>erred into a separ<span class=\"_ _5\"/>ate c<span class=\"_ _5\"/>omponent o<span class=\"_ _5\"/>f Other compr<span class=\"_ _5\"/>ehensive income.The amount r<span class=\"_ _5\"/>ecognized in Other compr<span class=\"_ _5\"/>ehensive income as cash flo<span class=\"_ _5\"/>w hedge reserve is released <span class=\"_ _5\"/>to the rela<span class=\"_ _5\"/>ted lines in profit<span class=\"_ _5\"/> or loss at<span class=\"_ _5\"/> the same time as <span class=\"_ _5\"/>the hedged cash flows aff<span class=\"_ _5\"/>ect profit or<span class=\"_ _5\"/> loss.<span class=\"_ _b\"/> Any ineff<span class=\"_ _5\"/>ective por<span class=\"_ _6\"/>tion of change in <span class=\"_ _5\"/>the fair value o<span class=\"_ _5\"/>f the deriv<span class=\"_ _5\"/>atives is included in pr<span class=\"_ _5\"/>ofit or l<span class=\"_ _5\"/>oss immediat<span class=\"_ _5\"/>ely<span class=\"_ _b\"/>.At<span class=\"_ _5\"/> inception o<span class=\"_ _5\"/>f the hedge<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the rela<span class=\"_ _5\"/>tionship between the hedging instrumen<span class=\"_ _5\"/>t and the hedged it<span class=\"_ _5\"/>em is documented <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> including the risk<span class=\"_ _5\"/> management objectives,<span class=\"_ _b\"/> stra<span class=\"_ _5\"/>tegy o<span class=\"_ _5\"/>f undertaking the hedge transa<span class=\"_ _5\"/>ction, <span class=\"_ _5\"/>the hedged risk <span class=\"_ _b\"/>\u2013 and,<span class=\"_ _0\"/> in case<span class=\"_ _6\"/> of<span class=\"_ _5\"/> hedge accounting,<span class=\"_ _b\"/> the methods <span class=\"_ _5\"/>that <span class=\"_ _5\"/>will be used to assess <span class=\"_ _5\"/>the effectiveness o<span class=\"_ _5\"/>f the hedge.<span class=\"_ _b\"/> Both a<span class=\"_ _5\"/>t the incep<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the hedge and at<span class=\"_ _5\"/> each reporting date<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the Group mak<span class=\"_ _5\"/>es an assessment whe<span class=\"_ _5\"/>ther the deriva<span class=\"_ _5\"/>tives used are highl<span class=\"_ _5\"/>y eff<span class=\"_ _5\"/>ective in offsetting changes in <span class=\"_ _5\"/>fair v<span class=\"_ _5\"/>alues of<span class=\"_ _5\"/> the cash flow<span class=\"_ _5\"/>s of <span class=\"_ _5\"/>the hedged items.The economic rela<span class=\"_ _5\"/>tionship between the hedging ins<span class=\"_ _5\"/>trument and the hedged it<span class=\"_ _5\"/>em is,<span class=\"_ _5\"/> amongst o<span class=\"_ _5\"/>thers,<span class=\"_ _5\"/> det<span class=\"_ _5\"/>ermined based upon mat<span class=\"_ _5\"/>ching notional amoun<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> a minimal fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue of the hedging ins<span class=\"_ _5\"/>trument a<span class=\"_ _5\"/>t inception,<span class=\"_ _0\"/> matching the underl<span class=\"_ _b\"/>ying<span class=\"_ _6\"/> hedged risk (int<span class=\"_ _5\"/>erest benchmark<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e or currency pair),<span class=\"_ _b\"/> mat<span class=\"_ _5\"/>ching repricing and payment<span class=\"_ _5\"/> dat<span class=\"_ _5\"/>es and an assessment of<span class=\"_ _5\"/> the likelihood o<span class=\"_ _5\"/>f defaul<span class=\"_ _b\"/>t of <span class=\"_ _5\"/>the hedging counterparty<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Sources of<span class=\"_ _5\"/> ineffectiveness can,<span class=\"_ _b\"/> amongst others,<span class=\"_ _b\"/> be driven by movements in <span class=\"_ _5\"/>the credit sprea<span class=\"_ _5\"/>d of <span class=\"_ _5\"/>Arcadis and the r<span class=\"_ _5\"/>elevant<span class=\"_ _5\"/> hedging counterparty<span class=\"_ _b\"/>,<span class=\"_ _5\"/> mismatch o<span class=\"_ _5\"/>f pa<span class=\"_ _5\"/>yment flo<span class=\"_ _5\"/>w frequencies,<span class=\"_ _b\"/> mismatch o<span class=\"_ _5\"/>f int<span class=\"_ _5\"/>erest c<span class=\"_ _5\"/>onditions,<span class=\"_ _5\"/> such as interes<span class=\"_ _5\"/>t floors and possible changes <span class=\"_ _5\"/>to the critica<span class=\"_ _5\"/>l terms o<span class=\"_ _5\"/>f the economic rela<span class=\"_ _5\"/>tionship.When a derivativ<span class=\"_ _5\"/>e ceases t<span class=\"_ _5\"/>o be highly e<span class=\"_ _5\"/>ffective or in case o<span class=\"_ _5\"/>f earl<span class=\"_ _5\"/>y redemption o<span class=\"_ _5\"/>f the hedged it<span class=\"_ _5\"/>em,<span class=\"_ _5\"/> hedge acc<span class=\"_ _5\"/>ounting is discontinued prospectivel<span class=\"_ _b\"/>y<span class=\"_ _5\"/>.<span class=\"_ _5\"/> When a cash flow<span class=\"_ _5\"/> hedge relationship is <span class=\"_ _5\"/>terminat<span class=\"_ _5\"/>ed,<span class=\"_ _b\"/> the fair <span class=\"_ _5\"/>value changes def<span class=\"_ _5\"/>erred in the cash flow<span class=\"_ _5\"/> hedging reserve in equity are rel<span class=\"_ _5\"/>eased to pro<span class=\"_ _5\"/>fit or loss under<span class=\"_ _5\"/> the fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue change of deriv<span class=\"_ _5\"/>atives onl<span class=\"_ _5\"/>y when <span class=\"_ _5\"/>the hedged transa<span class=\"_ _5\"/>ction is no longer expected <span class=\"_ _5\"/>to occur<span class=\"_ _0\"/>.<span class=\"_ _5\"/> Other<span class=\"_ _6\"/>wise,<span class=\"_ _b\"/> these fair<span class=\"_ _5\"/> value changes <span class=\"_ _5\"/>will be released <span class=\"_ _5\"/>to pro<span class=\"_ _5\"/>fit or loss a<span class=\"_ _5\"/>t the same time as the hedged it<span class=\"_ _5\"/>em.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__172": {
   "value": "Fair valueA fair value is the price that would be received to sell an asset or would be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value of derivatives is determined by using valuation models that incorporate various inputs, such as forward interest rate curves and the credit worthiness of counterparties. The methods and assumptions used to estimate the fair value are consistent with the prior year.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__55": {
   "value": "The fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> derivativ<span class=\"_ _5\"/>es held by <span class=\"_ _5\"/>the Company<span class=\"_ _5\"/> as at <span class=\"_ _5\"/>the balance shee<span class=\"_ _5\"/>t dat<span class=\"_ _5\"/>e is present<span class=\"_ _5\"/>ed in the tabl<span class=\"_ _5\"/>e below:Assets<span class=\"_ _222\"> </span>Liabilities<span class=\"_ _27a\"> </span><span class=\"ls112 ws12e\">To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l</span>In \u20ac thousands<span class=\"_ _8c\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _d3\"> </span></span>2<span class=\"_ _6\"/>021<span class=\"_ _d3\"> </span><span class=\"ff1 fc1 ls10d ws12b\">2022<span class=\"_ _55\"> </span></span>20<span class=\"_ _6\"/>21<span class=\"_ _bc\"> </span><span class=\"ff1 fc1 ls10d ws12b\">2<span class=\"_ _6\"/>022<span class=\"_ _d3\"> </span></span>2<span class=\"_ _6\"/>021Inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te deriva<span class=\"_ _5\"/>tives:Current<span class=\"_ _130\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _d2\"> </span><span class=\"ls3e ws132\"> 2<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>01 <span class=\"_ _19a\"> </span></span> <span class=\"_ _4\"> </span>-   <span class=\"_ _b2\"> </span></span><span class=\"ws1\"> (2,401) <span class=\"_ _46\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span></span>Non-current<span class=\"_ _27b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _d4\"> </span><span class=\"lsef ws11c\"> 1,2<span class=\"_ _6\"/>97<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span></span> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e0\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>97<span class=\"_ _6\"/> </span></span>For<span class=\"_ _5\"/>eign exchange deriva<span class=\"_ _5\"/>tives:Current<span class=\"_ _c1\"> </span> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>43<span class=\"_ _6\"/> <span class=\"_ _b3\"> </span> 5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>810<span class=\"_ _6\"/> <span class=\"_ _63\"> </span><span class=\"ls102 ws11a\"> 19<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>03<span class=\"_ _6\"/> <span class=\"_ _b3\"> </span></span><span class=\"ws1\"> 4,836<span class=\"_ _6\"/> <span class=\"_ _b6\"> </span> (3,560)<span class=\"_ _114\"> </span><span class=\"lsf7 ws17f\"> 974<span class=\"_ _7\"/> </span></span>Non-current<span class=\"_ _27b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _4\"> </span>-   </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _246\"> </span> 15,9<span class=\"_ _7\"/>43<span class=\"_ _6\"/> <span class=\"_ _a9\"> </span> 7,<span class=\"_ _7\"/>1<span class=\"_ _6\"/>0<span class=\"_ _6\"/>7<span class=\"_ _7\"/> <span class=\"_ _63\"> </span> 21,9<span class=\"_ _6\"/>0<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _e5\"> </span> 4,83<span class=\"_ _6\"/>6 <span class=\"_ _df\"> </span><span class=\"wsac\">(5,961) <span class=\"_ _b6\"> </span><span class=\"ls57 ws164\"> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>271 </span></span>See not<span class=\"_ _5\"/>e <span class=\"_ _6\"/>32 f<span class=\"_ _5\"/>or the Group T<span class=\"_ _b\"/>reasury polic<span class=\"_ _6\"/>y and the val<span class=\"_ _5\"/>uation t<span class=\"_ _5\"/>echniques <span class=\"_ _6\"/>used for<span class=\"_ _5\"/> the derivatives.<span class=\"_ _0\"/> <span class=\"_ _6\"/>Group T<span class=\"_ _b\"/>reasury is consul<span class=\"_ _5\"/>ted by<span class=\"_ _5\"/> entities f<span class=\"_ _5\"/>or alignment<span class=\"_ _5\"/> of<span class=\"_ _5\"/> hedge accoun<span class=\"_ _5\"/>ting with the Group <span class=\"_ _5\"/>T<span class=\"_ _b\"/>reasur<span class=\"_ _6\"/>y policy guidelines and assist<span class=\"_ _5\"/>ed with documenta<span class=\"_ _5\"/>tion of <span class=\"_ _5\"/>the hedge rela<span class=\"_ _5\"/>tionship,<span class=\"_ _b\"/> derivatives <span class=\"_ _5\"/>val<span class=\"_ _5\"/>uations and effectiveness <span class=\"_ _5\"/>tes<span class=\"_ _5\"/>ting.As per 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the Group has \u20ac40.0 million (notional amoun<span class=\"_ _5\"/>t) of<span class=\"_ _5\"/> fixed-t<span class=\"_ _b\"/>o<span class=\"_ _6\"/>-floating cr<span class=\"_ _5\"/>oss currency swaps <span class=\"_ _5\"/>to manage <span class=\"_ _5\"/>the currency and int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e risk o<span class=\"_ _5\"/>f a subsidiary<span class=\"_ _5\"/>.<span class=\"_ _b\"/> The market<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> these deriva<span class=\"_ _5\"/>tives at 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 was \u20ac2.4 mil<span class=\"_ _5\"/>lion negative (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac1.3 mil<span class=\"_ _5\"/>lion positive) and hedge acc<span class=\"_ _5\"/>ounting is applied on these deriva<span class=\"_ _5\"/>tives.<span class=\"_ _b\"/> These fixed-<span class=\"_ _5\"/>to-floa<span class=\"_ _5\"/>ting cross currency sw<span class=\"_ _5\"/>aps mature in Oct<span class=\"_ _5\"/>ober 202<span class=\"_ _5\"/>3.Effects o<span class=\"_ _5\"/>f hedge acc<span class=\"_ _5\"/>ounting on the <span class=\"_ _5\"/>financial position and per<span class=\"_ _6\"/>formanc<span class=\"_ _5\"/>eIn \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span><span class=\"fs7b lscd wse4\">2<span class=\"_ _6\"/>021</span>Cross currency in<span class=\"_ _5\"/>terest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e swapsNotional amoun<span class=\"_ _5\"/>t<span class=\"_ _27c\"> </span><span class=\"lsf4 ws110\">40<span class=\"_ _5\"/>,000<span class=\"_ _223\"> </span>40,<span class=\"_ _b\"/>000</span>Maturity<span class=\"_ _5\"/> date<span class=\"_ _91\"> </span><span class=\"ls110 ws15c\">2023<span class=\"_ _101\"> </span>202<span class=\"_ _6\"/>3</span>Hedge ratio<span class=\"_ _fd\"> </span><span class=\"ls111 ws12d\">1:1<span class=\"_ _79\"> </span>1:1</span>Change in fair<span class=\"_ _5\"/> value o<span class=\"_ _5\"/>f outstanding hedging ins<span class=\"_ _5\"/>truments<span class=\"_ _153\"> </span><span class=\"wsac\">(3,777)<span class=\"_ _13e\"> </span></span> (3<span class=\"_ _6\"/>,665)Change in va<span class=\"_ _5\"/>lue of hedged it<span class=\"_ _5\"/>em used to de<span class=\"_ _5\"/>termine hedge effectiveness<span class=\"_ _15e\"> </span><span class=\"lsf0 ws15c\"> 3<span class=\"_ _6\"/>,921<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span> 3<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>24<span class=\"_ _6\"/> </span>Ineffectiveness<span class=\"_ _1ca\"> </span><span class=\"lsf2 ws10e\">(37<span class=\"_ _6\"/>)<span class=\"_ _101\"> </span><span class=\"lsee ws10a\">(<span class=\"_ _6\"/>13<span class=\"_ _6\"/>2<span class=\"_ _6\"/>)</span></span>During 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> the Group hedged currency exposur<span class=\"_ _5\"/>es relat<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o transactions in currencies o<span class=\"_ _b\"/>ther than the functional currency <span class=\"_ _5\"/>for subsidiaries b<span class=\"_ _5\"/>y wa<span class=\"_ _b\"/>y of <span class=\"_ _5\"/>foreign e<span class=\"_ _5\"/>xchange <span class=\"_ _5\"/>forward ra<span class=\"_ _5\"/>te c<span class=\"_ _5\"/>ontracts in order<span class=\"_ _5\"/> to minimiz<span class=\"_ _5\"/>e vola<span class=\"_ _5\"/>tility in the opera<span class=\"_ _b\"/>ting income of <span class=\"_ _5\"/>these subsidiaries due to changes in <span class=\"_ _5\"/>for<span class=\"_ _5\"/>eign exchange r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es.<span class=\"_ _5\"/> In addition,<span class=\"_ _b\"/> for<span class=\"_ _5\"/>eign currency corpora<span class=\"_ _5\"/>te ba<span class=\"_ _5\"/>lance sheet positions arising due <span class=\"_ _5\"/>to <span class=\"_ _5\"/>foreign curr<span class=\"_ _5\"/>ency receivabl<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> payables and loan balanc<span class=\"_ _5\"/>es were hedged b<span class=\"_ _5\"/>y w<span class=\"_ _5\"/>ay o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>foreign ex<span class=\"_ _b\"/>change forward ra<span class=\"_ _5\"/>te c<span class=\"_ _5\"/>ontracts and f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change swaps.<span class=\"_ _b\"/> Also during 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> the group specificall<span class=\"_ _5\"/>y hedged the CAD purchase pric<span class=\"_ _5\"/>e for<span class=\"_ _5\"/> the ac<span class=\"_ _5\"/>quisition of IBI Gr<span class=\"_ _5\"/>oup.The movemen<span class=\"_ _5\"/>ts in fair <span class=\"_ _5\"/>val<span class=\"_ _5\"/>ue of a<span class=\"_ _5\"/>ll deriva<span class=\"_ _5\"/>tives are shown in <span class=\"_ _5\"/>the table belo<span class=\"_ _5\"/>w:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _27d\"> </span><span class=\"ls57 ws164\"> 2<span class=\"_ _6\"/>,271<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span><span class=\"lsfc ws11b\"> 4<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>51<span class=\"_ _6\"/> </span></span>Changes in Income sta<span class=\"_ _5\"/>tement<span class=\"_ _c9\"> </span> (3,57<span class=\"_ _b\"/>4) <span class=\"_ _3b\"> </span><span class=\"lsf2 ws148\"> 70<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span>Changes through Other<span class=\"_ _5\"/> comprehensive income<span class=\"_ _27e\"> </span><span class=\"lsf9 ws178\"> 12<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _83\"> </span><span class=\"ls6f ws13a\"> 455<span class=\"_ _6\"/> </span></span>Cash settlement<span class=\"_ _5\"/> derivativ<span class=\"_ _5\"/>es<span class=\"_ _27f\"> </span> (2,549) <span class=\"_ _29\"> </span> (3,98<span class=\"_ _6\"/>4) Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _280\"> </span> (2,238) <span class=\"_ _3b\"> </span><span class=\"ls110 ws15f\"> 443<span class=\"_ _6\"/> </span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _118\"> </span> (5,9<span class=\"_ _6\"/>61<span class=\"_ _5\"/>) <span class=\"_ _223\"> </span><span class=\"ls57 ws164\"> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>271<span class=\"_ _6\"/> </span>The change in fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> derivativ<span class=\"_ _5\"/>es recognized in pr<span class=\"_ _5\"/>ofit or l<span class=\"_ _5\"/>oss is \u20ac0.6 million negativ<span class=\"_ _5\"/>e (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac0.8 million negativ<span class=\"_ _5\"/>e) toge<span class=\"_ _5\"/>ther with <span class=\"_ _5\"/>foreign e<span class=\"_ _5\"/>xchange resul<span class=\"_ _b\"/>ts of \u20ac4.3 million nega<span class=\"_ _5\"/>tive (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac0.8 million positive) also flowing thr<span class=\"_ _5\"/>ough profit or<span class=\"_ _5\"/> loss.<span class=\"_ _b\"/> Hence the ov<span class=\"_ _5\"/>erall pr<span class=\"_ _5\"/>ofit or<span class=\"_ _5\"/> loss effect o<span class=\"_ _b\"/>f for<span class=\"_ _5\"/>eign exchange c<span class=\"_ _5\"/>ontracts and deriva<span class=\"_ _5\"/>tives amounts t<span class=\"_ _5\"/>o \u20ac4.9 million nega<span class=\"_ _5\"/>tive (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac0.0 million nega<span class=\"_ _5\"/>tive).Hedging reserveThe t<span class=\"_ _5\"/>otal (a<span class=\"_ _5\"/>fter-<span class=\"_ _5\"/>tax) amount included in Other c<span class=\"_ _5\"/>omprehensive income<span class=\"_ _5\"/>,<span class=\"_ _b\"/> on the line hedging reserve within equity<span class=\"_ _b\"/>,<span class=\"_ _5\"/> can be specified as fol<span class=\"_ _5\"/>lows:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te deriva<span class=\"_ _5\"/>tives<span class=\"_ _21c\"> </span><span class=\"lsf1 ws166\"> 395<span class=\"_ _6\"/> <span class=\"_ _109\"> </span><span class=\"lsec ws112\"> 10<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span></span>For<span class=\"_ _5\"/>eign exchange deriva<span class=\"_ _5\"/>tives (classified as cash flow<span class=\"_ _5\"/> hedges)<span class=\"_ _24b\"> </span><span class=\"ls3e ws132\"> 269<span class=\"_ _6\"/> <span class=\"_ _133\"> </span><span class=\"ws3a\">269</span></span>Cost<span class=\"_ _5\"/> of hedging reserve<span class=\"_ _281\"> </span><span class=\"ls10e ws111\"> 114<span class=\"_ _7\"/> <span class=\"_ _53\"> </span><span class=\"lsf7 ws113\">2<span class=\"_ _6\"/>74</span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _282\"> </span><span class=\"ls144 ws189\"> 778 <span class=\"_ _109\"> </span><span class=\"ls129 wse8\"> 649 </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__56": {
   "value": "In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _283\"> </span><span class=\"ls118 ws135\">22<span class=\"_ _7\"/>,2<span class=\"_ _6\"/>13<span class=\"_ _6\"/> <span class=\"_ _38\"> </span><span class=\"lsf6 ws112\">22<span class=\"_ _6\"/>,581<span class=\"_ _6\"/> </span></span>New r<span class=\"_ _5\"/>eceivables<span class=\"_ _20d\"> </span><span class=\"lsf8 wse9\"> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>515<span class=\"_ _7\"/> <span class=\"_ _19a\"> </span><span class=\"ls102 ws11a\"> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>19<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span></span>Acquisitions thr<span class=\"_ _5\"/>ough business combination<span class=\"_ _ab\"> </span><span class=\"ls119 ws17c\"> 3,203 <span class=\"_ _1bb\"> </span></span><span class=\"ls3\">-</span>Receiv<span class=\"_ _5\"/>ed<span class=\"_ _6a\"> </span><span class=\"ws1\"> (6,767)<span class=\"_ _38\"> </span> (3,987)</span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _284\"> </span><span class=\"ls3 ws137\"> 686 <span class=\"_ _8d\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>18<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span></span>Reclassification t<span class=\"_ _5\"/>o shor<span class=\"_ _6\"/>t term<span class=\"_ _116\"> </span><span class=\"ws1\"> (1,961<span class=\"_ _b\"/>)<span class=\"_ _76\"> </span><span class=\"ls12d ws116\"> (3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>761)</span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _203\"> </span><span class=\"ls3\">20,889 <span class=\"_ _46\"> </span><span class=\"ls118 ws135\">2<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>13<span class=\"_ _6\"/> </span></span>Other non-current<span class=\"_ _5\"/> assets include long-<span class=\"_ _5\"/>term rec<span class=\"_ _5\"/>eivables o<span class=\"_ _5\"/>f \u20ac9 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac1<span class=\"_ _b\"/>1 million) relat<span class=\"_ _b\"/>ed to the def<span class=\"_ _5\"/>erred compensa<span class=\"_ _5\"/>tion plan in the United S<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>es of<span class=\"_ _5\"/> America opera<span class=\"_ _5\"/>ting company<span class=\"_ _b\"/>,<span class=\"_ _b\"/> see note 2<span class=\"_ _5\"/>8 for<span class=\"_ _5\"/> further details.<span class=\"_ _b\"/> The remaining amoun<span class=\"_ _5\"/>t consists o<span class=\"_ _5\"/>f v<span class=\"_ _5\"/>arious other<span class=\"_ _5\"/> long-t<span class=\"_ _5\"/>erm receivabl<span class=\"_ _5\"/>es such as rental deposits,<span class=\"_ _0\"/> judicial deposits and ret<span class=\"_ _5\"/>entions.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__151": {
   "value": "Trade receivables include amounts billed to customers for work performed but not yet paid by the clients, and which are expected to be collected within a year after reporting date. Trade receivables are initially measured at fair value, which normally represents the consideration the Company expects to receive within the payment term (invoice amount excluding costs collected on behalf of third parties, such as sales taxes). Subsequently Trade receivables are measured at the consideration expected to be collected.The Company uses the Expected Credit Loss (ECL) model. Trade receivables are reviewed for collectability on a case-by-case basis at regular intervals. If a Trade receivable is considered credit impaired (e.g. the customer has failed to make a payment when contractually due) the expected loss is determined as the difference between the carrying amount and the recoverable amount. The recoverable amount is the present value of expected future cash flows discounted at the effective market interest rates.A simplified approach is applied that uses a lifetime expected loss allowance to recognize losses for possible impairment of Trade receivables that are not individually impaired yet. The Expected Credit Loss is recognized in Other operational costs.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__57": {
   "value": "In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02T<span class=\"_ _b\"/>rade receivables<span class=\"_ _1d4\"> </span><span class=\"ls10e ws111\"> 7<span class=\"_ _6\"/>9<span class=\"_ _7\"/>9<span class=\"_ _6\"/>,<span class=\"_ _7\"/>117<span class=\"_ _7\"/> <span class=\"_ _d5\"> </span><span class=\"lsf8 ws114\">5<span class=\"_ _6\"/>7<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>51<span class=\"_ _7\"/> </span></span>Provision <span class=\"_ _5\"/>for tr<span class=\"_ _5\"/>ade receivabl<span class=\"_ _5\"/>es (individuall<span class=\"_ _5\"/>y impaired bad deb<span class=\"_ _5\"/>t)<span class=\"_ _136\"> </span><span class=\"ls110 ws15f\"> (53,702)<span class=\"_ _49\"> </span></span> (52,497)Provision <span class=\"_ _5\"/>for tr<span class=\"_ _5\"/>ade receivabl<span class=\"_ _5\"/>es (Expected Credit L<span class=\"_ _5\"/>oss)<span class=\"_ _23d\"> </span> (790)<span class=\"_ _19c\"> </span><span class=\"lsff ws168\"> (<span class=\"_ _6\"/>68<span class=\"_ _6\"/>9)</span>Receiv<span class=\"_ _5\"/>ables from associates<span class=\"_ _285\"> </span><span class=\"ls12d ws116\"> 2,<span class=\"_ _6\"/>76<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span><span class=\"lsf6 ws10f\"> 2,09<span class=\"_ _6\"/>0 </span></span>T<span class=\"_ _b\"/>otal at<span class=\"_ _5\"/> 31 December<span class=\"_ _17d\"> </span><span class=\"wsac\">74<span class=\"_ _5\"/>7<span class=\"_ _5\"/>,392 <span class=\"_ _d5\"> </span><span class=\"ls2 ws12a\">521,855<span class=\"_ _6\"/> </span></span>Of <span class=\"_ _5\"/>the to<span class=\"_ _5\"/>tal gross <span class=\"_ _5\"/>T<span class=\"_ _b\"/>rade receivabl<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> approxima<span class=\"_ _5\"/>tel<span class=\"_ _5\"/>y 6% is subject <span class=\"_ _5\"/>to a so-called <span class=\"_ _0\"/>\u2018paid-when-paid\u2019<span class=\"_ _b\"/> clause <span class=\"ls3\"> </span>(202<span class=\"_ _b\"/>1: 1<span class=\"_ _0\"/>1%).<span class=\"_ _0\"/> They are classified as curren<span class=\"_ _5\"/>t as Ar<span class=\"_ _5\"/>cadis expects t<span class=\"_ _5\"/>o collect<span class=\"_ _5\"/> the amounts within one <span class=\"_ _5\"/>year<span class=\"_ _0\"/>.<span class=\"_ _5\"/> Further inf<span class=\"_ _5\"/>ormation about<span class=\"_ _5\"/> Arcadis<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> exposure t<span class=\"_ _5\"/>o credit risk<span class=\"_ _5\"/> is included below<span class=\"_ _5\"/> and in not<span class=\"_ _5\"/>e 32.Ageing of<span class=\"_ _5\"/> T<span class=\"_ _b\"/>rade rec<span class=\"_ _5\"/>eivables 2022<span class=\"_ _19\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>Gross Provision Provision Gross Provision Provision  In \u20ac thousands Receiv<span class=\"_ _5\"/>ablesbad debtECLReceiv<span class=\"_ _5\"/>ablesbad debtECLNot<span class=\"_ _5\"/> past due<span class=\"_ _135\"> </span> 50<span class=\"_ _6\"/>9,257 <span class=\"_ _d0\"> </span> (3,3<span class=\"_ _5\"/>10)<span class=\"_ _e5\"> </span> (329)<span class=\"_ _13a\"> </span><span class=\"lsf7 ws17f\"> 38<span class=\"_ _7\"/>6<span class=\"_ _7\"/>,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>74<span class=\"_ _6\"/> <span class=\"_ _d0\"> </span></span> (4,21<span class=\"_ _5\"/>8)<span class=\"_ _e5\"> </span><span class=\"lsf0 ws15c\"> (24<span class=\"_ _7\"/>4)</span>Past due 0-3<span class=\"_ _6\"/>0 days<span class=\"_ _2b\"> </span> 86<span class=\"_ _6\"/>,360<span class=\"_ _6\"/> <span class=\"_ _a9\"> </span> (95<span class=\"_ _6\"/>3)<span class=\"_ _a6\"> </span> (32)<span class=\"_ _19d\"> </span><span class=\"ls110 ws15f\"> 6<span class=\"_ _6\"/>5,439<span class=\"_ _6\"/> <span class=\"_ _d0\"> </span></span> (1,31<span class=\"_ _5\"/>4)<span class=\"_ _4d\"> </span><span class=\"ls10c ws136\"> (33)</span>Past due 3<span class=\"_ _5\"/>1-60 days<span class=\"_ _67\"> </span><span class=\"lsf6 ws10f\"> 49,84<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _d8\"> </span></span> (1,878)<span class=\"_ _39\"> </span> (10)<span class=\"_ _ba\"> </span> 28<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>08<span class=\"_ _6\"/> <span class=\"_ _e5\"> </span><span class=\"ls164 ws197\"> (906<span class=\"_ _5\"/>)<span class=\"_ _39\"> </span><span class=\"lsfc ws11b\"> (<span class=\"_ _6\"/>18)</span></span>Past due 6<span class=\"_ _5\"/>1-1<span class=\"_ _5\"/>20 days<span class=\"_ _286\"> </span> 33,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>93<span class=\"_ _6\"/> <span class=\"_ _b2\"> </span><span class=\"lsf7 ws17f\"> (<span class=\"_ _6\"/>3<span class=\"_ _6\"/>74<span class=\"_ _6\"/>)<span class=\"_ _a6\"> </span></span> (77<span class=\"_ _6\"/>)<span class=\"_ _9e\"> </span> 1<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>2<span class=\"_ _7\"/>2<span class=\"_ _7\"/> <span class=\"_ _b3\"> </span><span class=\"ls10d ws10d\"> (6<span class=\"_ _6\"/>07<span class=\"_ _6\"/>)<span class=\"_ _a6\"> </span><span class=\"lsf9 ws178\"> (<span class=\"_ _6\"/>12<span class=\"_ _6\"/>)</span></span>Past due 1<span class=\"_ _b\"/>21-36<span class=\"_ _6\"/>4 days<span class=\"_ _134\"> </span><span class=\"ls3 ws137\"> 48,349 <span class=\"_ _4e\"> </span></span> (4<span class=\"_ _6\"/>,662)<span class=\"_ _e5\"> </span> (<span class=\"_ _6\"/>2<span class=\"_ _6\"/>24)<span class=\"_ _19d\"> </span><span class=\"lsf2 ws148\"> 2<span class=\"_ _6\"/>2,<span class=\"_ _6\"/>570<span class=\"_ _6\"/> <span class=\"_ _d8\"> </span></span> (5,756)<span class=\"_ _a6\"> </span><span class=\"lsf9 ws178\"> (<span class=\"_ _6\"/>12)</span>More than 364 days due<span class=\"_ _138\"> </span><span class=\"lsfc ws11b\"> 72,2<span class=\"_ _6\"/>18 <span class=\"_ _147\"> </span></span> (42,525)<span class=\"_ _b3\"> </span> (<span class=\"_ _7\"/>118<span class=\"_ _7\"/>)<span class=\"_ _19d\"> </span><span class=\"ls128 ws18d\"> 52<span class=\"_ _6\"/>,738<span class=\"_ _6\"/> <span class=\"_ _dd\"> </span></span> (39,696<span class=\"_ _6\"/>)<span class=\"_ _e5\"> </span><span class=\"lsf2 ws148\"> (<span class=\"_ _6\"/>370)</span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _18\"> </span> 7<span class=\"_ _6\"/>9<span class=\"_ _6\"/>9<span class=\"_ _7\"/>,<span class=\"_ _6\"/>117<span class=\"_ _7\"/> <span class=\"_ _dd\"> </span><span class=\"ls9d ws1\"> (53,702)<span class=\"_ _df\"> </span><span class=\"ls2 ws14a\"> (79<span class=\"_ _6\"/>0)<span class=\"_ _cf\"> </span><span class=\"lsfc ws11b\"> 57<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>51<span class=\"_ _6\"/> <span class=\"_ _dd\"> </span></span></span> (5<span class=\"_ _5\"/>2<span class=\"_ _6\"/>,497)<span class=\"_ _df\"> </span><span class=\"ls2 ws14a\"> (6<span class=\"_ _6\"/>8<span class=\"_ _6\"/>9)</span></span>Individual assessments,<span class=\"_ _0\"/> in combination with <span class=\"_ _5\"/>the fa<span class=\"_ _5\"/>ct that<span class=\"_ _5\"/> the actual <span class=\"_ _5\"/>write-offs of<span class=\"_ _5\"/> trade r<span class=\"_ _5\"/>eceivables in r<span class=\"_ _5\"/>ecent years did no<span class=\"_ _5\"/>t cause us t<span class=\"_ _5\"/>o expect tha<span class=\"_ _5\"/>t <span class=\"_ _5\"/>the provision should be significantl<span class=\"_ _b\"/>y higher<span class=\"_ _0\"/>,<span class=\"_ _5\"/> resul<span class=\"_ _5\"/>ted in the c<span class=\"_ _5\"/>onclusion that<span class=\"_ _5\"/> the provision <span class=\"_ _5\"/>for<span class=\"_ _5\"/> bad debt<span class=\"_ _5\"/> is suff<span class=\"_ _6\"/>icient <span class=\"_ _5\"/>to c<span class=\"_ _5\"/>over <span class=\"_ _5\"/>for <span class=\"_ _5\"/>T<span class=\"_ _b\"/>rade receiv<span class=\"_ _5\"/>ables f<span class=\"_ _5\"/>or which <span class=\"_ _5\"/>there is objective evidence of<span class=\"_ _5\"/> an impairment.Provision f<span class=\"_ _5\"/>or T<span class=\"_ _b\"/>rade receiv<span class=\"_ _5\"/>ablesThe t<span class=\"_ _5\"/>otal pr<span class=\"_ _5\"/>ovision f<span class=\"_ _5\"/>or T<span class=\"_ _0\"/>rade receiv<span class=\"_ _5\"/>able includes the Expect<span class=\"_ _5\"/>ed Credit L<span class=\"_ _5\"/>oss for<span class=\"_ _5\"/> individuall<span class=\"_ _5\"/>y non-impaired it<span class=\"_ _b\"/>ems<span class=\"_ _6\"/> (stage 1 and 2<span class=\"_ _b\"/>) and individuall<span class=\"_ _5\"/>y credit impair<span class=\"_ _5\"/>ed items (sta<span class=\"_ _5\"/>ge 3).<span class=\"_ _b\"/> T<span class=\"_ _0\"/>o apply<span class=\"_ _5\"/> the simplified approach t<span class=\"_ _b\"/>o the \u201cheal<span class=\"_ _5\"/>thy\u201d<span class=\"_ _b\"/> por<span class=\"_ _6\"/>tfolio,<span class=\"_ _0\"/> Arcadis grouped <span class=\"_ _5\"/>the T<span class=\"_ _b\"/>rade rec<span class=\"_ _5\"/>eivables by<span class=\"_ _5\"/> country and the da<span class=\"_ _5\"/>ys past<span class=\"_ _5\"/> due.<span class=\"_ _b\"/> No specific<span class=\"_ _6\"/> measures wer<span class=\"_ _5\"/>e taken by the Group t<span class=\"_ _5\"/>o extend credit t<span class=\"_ _5\"/>erms for<span class=\"_ _5\"/> customers.<span class=\"_ _b\"/> The expected loss rat<span class=\"_ _5\"/>e for<span class=\"_ _5\"/> the <span class=\"_ _6\"/>stage 1 and 2 losses is based on the c<span class=\"_ _5\"/>ountry risk and v<span class=\"_ _5\"/>aries from 0.00<span class=\"_ _6\"/>% t<span class=\"_ _5\"/>o 0.49% for positions l<span class=\"_ _5\"/>ess than 90 days past due and up <span class=\"_ _5\"/>to 2.7<span class=\"_ _5\"/>3% f<span class=\"_ _5\"/>or items pas<span class=\"_ _5\"/>t due more <span class=\"_ _5\"/>than 9<span class=\"_ _6\"/>0 days.The to<span class=\"_ _5\"/>tal provision f<span class=\"_ _5\"/>or T<span class=\"_ _b\"/>rade receiv<span class=\"_ _5\"/>ables developed as fol<span class=\"_ _5\"/>lows:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _1ed\"> </span><span class=\"lsfa ws43\"> 53,18<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span><span class=\"lsfc ws11b\"> 51,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>6<span class=\"_ _6\"/>0<span class=\"_ _6\"/> </span></span>Acquisitions/ (div<span class=\"_ _5\"/>estments)<span class=\"_ _73\"> </span><span class=\"ls6f ws13a\"> 2<span class=\"_ _6\"/>,359<span class=\"_ _6\"/> <span class=\"_ _1bb\"> </span><span class=\"ls14a ws137\"> - </span></span>Additions charged t<span class=\"_ _5\"/>o profit or<span class=\"_ _5\"/> loss<span class=\"_ _199\"> </span><span class=\"lsf6 ws10f\"> 2,885<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span><span class=\"ls3e ws132\"> 8<span class=\"_ _6\"/>,333<span class=\"_ _6\"/> </span></span>Release o<span class=\"_ _5\"/>f unused amounts<span class=\"_ _27f\"> </span> (2,467)<span class=\"_ _223\"> </span> (5,551<span class=\"_ _b\"/>)Remeasuremen<span class=\"_ _5\"/>t Expected Credit L<span class=\"_ _5\"/>oss<span class=\"_ _287\"> </span><span class=\"lsec ws112\"> 101<span class=\"_ _6\"/> <span class=\"_ _ff\"> </span><span class=\"ls119 ws17c\"> 57<span class=\"_ _6\"/> </span></span>Utilizations<span class=\"_ _276\"> </span><span class=\"ws1\"> (2,631<span class=\"_ _5\"/>)<span class=\"_ _38\"> </span> (3<span class=\"_ _6\"/>,977)</span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _118\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>59<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span><span class=\"lsf6 ws10f\"> 2,66<span class=\"_ _6\"/>4 </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _288\"> </span> 54<span class=\"_ _6\"/>,492 <span class=\"_ _18a\"> </span><span class=\"lsfa ws43\"> 5<span class=\"_ _6\"/>3,<span class=\"_ _6\"/>18<span class=\"_ _6\"/>6 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__58": {
   "value": "Expected Credit<span class=\"_ _5\"/> Loss all<span class=\"_ _5\"/>owanceThe Expected Credit<span class=\"_ _5\"/> Loss all<span class=\"_ _5\"/>owance de<span class=\"_ _5\"/>veloped as <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>ows:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Balance a<span class=\"_ _5\"/>t 1 January <span class=\"_ _1ba\"> </span> 1,459<span class=\"_ _6\"/> <span class=\"_ _ff\"> </span><span class=\"ls15c ws18c\"> 39 </span>Remeasuremen<span class=\"_ _5\"/>t Expected Credit L<span class=\"_ _5\"/>oss<span class=\"_ _207\"> </span> (1<span class=\"_ _5\"/>,37<span class=\"_ _5\"/>6)<span class=\"_ _19a\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>42<span class=\"_ _6\"/>0<span class=\"_ _6\"/> </span>Balance a<span class=\"_ _5\"/>t 31 December <span class=\"_ _1ed\"> </span><span class=\"lsb7 ws12f\"> 83 <span class=\"_ _8d\"> </span></span> 1,459 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__154": {
   "value": "In accordance with IFRS 5, non-current assets and disposal groups are classified as \u2018held for sale\u2019 when the following criteria are met:\u2022  Management is committed to a plan to sell\u2022  The asset is available for immediate sale\u2022  An active program to locate a buyer is initiated\u2022  The sale is highly probable within twelve months of classification as held for sale\u2022  The asset is being actively marketed for sale at a sales price reasonable in relation to its fair value\u2022  Actions required to complete the plan indicate that it is unlikely that plan will be significantly changed or withdrawnImmediately prior to classification as held for sale, the assets or groups of assets are measured at carrying value. Subsequently, assets and disposal groups classified as held for sale are valued at the lower of book value or fair value less disposal costs. Assets held for sale are not depreciated.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__62": {
   "value": "A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> non-<span class=\"_ _6\"/>current<span class=\"_ _5\"/> assets and disposal groups <span class=\"_ _5\"/>that mee<span class=\"_ _5\"/>t the crit<span class=\"_ _5\"/>eria of<span class=\"_ _5\"/> Asset hel<span class=\"_ _5\"/>d for<span class=\"_ _5\"/> sale amount <span class=\"_ _5\"/>to nil (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac0.1 million).<span class=\"_ _5\"/> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__64": {
   "value": "In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>021Other rec<span class=\"_ _5\"/>eivables<span class=\"_ _28c\"> </span><span class=\"lsef ws11c\"> 16<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>7<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _71\"> </span> 16<span class=\"_ _6\"/>,<span class=\"_ _6\"/>70<span class=\"_ _6\"/>3<span class=\"_ _6\"/> </span>Prepaid expenses<span class=\"_ _1a7\"> </span><span class=\"ls119 ws17c\"> 57<span class=\"_ _b\"/>,28<span class=\"_ _6\"/>4 <span class=\"_ _71\"> </span><span class=\"ls110 ws15f\"> 39,8<span class=\"_ _6\"/>81<span class=\"_ _6\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _288\"> </span> 73,9<span class=\"_ _6\"/>56 <span class=\"_ _29\"> </span> 5<span class=\"_ _6\"/>6,58<span class=\"_ _6\"/>4 Other rec<span class=\"_ _5\"/>eivables are non-<span class=\"_ _5\"/>trade rec<span class=\"_ _5\"/>eivables and include<span class=\"_ _5\"/>,<span class=\"_ _b\"/> among others,<span class=\"_ _b\"/> deposits,<span class=\"_ _5\"/> claims t<span class=\"_ _5\"/>o be received,<span class=\"_ _b\"/> int<span class=\"_ _5\"/>erest <span class=\"_ _5\"/>to be rec<span class=\"_ _5\"/>eived and short-t<span class=\"_ _5\"/>erm loans/<span class=\"_ _b\"/>prepayments <span class=\"_ _5\"/>to personnel.<span class=\"_ _b\"/> Prepaid expenses mainl<span class=\"_ _b\"/>y include prepa<span class=\"_ _5\"/>yments of<span class=\"_ _5\"/> IT service contr<span class=\"_ _5\"/>acts,<span class=\"_ _5\"/> rent<span class=\"_ _5\"/> and insurances.<span class=\"_ _b\"/> The y<span class=\"_ _5\"/>ear 202<span class=\"_ _5\"/>2 was impacted b<span class=\"_ _5\"/>y prepa<span class=\"_ _5\"/>yments on mul<span class=\"_ _5\"/>ti-y<span class=\"_ _5\"/>ear softwar<span class=\"_ _5\"/>e licenses.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__63": {
   "value": "In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Other rec<span class=\"_ _5\"/>eivables<span class=\"_ _28c\"> </span><span class=\"lsef ws11c\"> 16<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>7<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _71\"> </span> 16<span class=\"_ _6\"/>,<span class=\"_ _6\"/>70<span class=\"_ _6\"/>3<span class=\"_ _6\"/> </span>Prepaid expenses<span class=\"_ _1a7\"> </span><span class=\"ls119 ws17c\"> 57<span class=\"_ _b\"/>,28<span class=\"_ _6\"/>4 <span class=\"_ _71\"> </span><span class=\"ls110 ws15f\"> 39,8<span class=\"_ _6\"/>81<span class=\"_ _6\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _288\"> </span> 73,9<span class=\"_ _6\"/>56 <span class=\"_ _29\"> </span> 5<span class=\"_ _6\"/>6,58<span class=\"_ _6\"/>4 Other rec<span class=\"_ _5\"/>eivables are non-<span class=\"_ _5\"/>trade rec<span class=\"_ _5\"/>eivables and include<span class=\"_ _5\"/>,<span class=\"_ _b\"/> among others,<span class=\"_ _b\"/> deposits,<span class=\"_ _5\"/> claims t<span class=\"_ _5\"/>o be received,<span class=\"_ _b\"/> int<span class=\"_ _5\"/>erest <span class=\"_ _5\"/>to be rec<span class=\"_ _5\"/>eived and short-t<span class=\"_ _5\"/>erm loans/<span class=\"_ _b\"/>prepayments <span class=\"_ _5\"/>to personnel.<span class=\"_ _b\"/> Prepaid expenses mainl<span class=\"_ _b\"/>y include prepa<span class=\"_ _5\"/>yments of<span class=\"_ _5\"/> IT service contr<span class=\"_ _5\"/>acts,<span class=\"_ _5\"/> rent<span class=\"_ _5\"/> and insurances.<span class=\"_ _b\"/> The y<span class=\"_ _5\"/>ear 202<span class=\"_ _5\"/>2 was impacted b<span class=\"_ _5\"/>y prepa<span class=\"_ _5\"/>yments on mul<span class=\"_ _5\"/>ti-y<span class=\"_ _5\"/>ear softwar<span class=\"_ _5\"/>e licenses.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__157": {
   "value": "Cash and cash equivalents comprise cash balances and call deposits maturing within three months from the acquisition date and used by the Company in managing its short-term commitments. For cash flow reporting purposes bank overdrafts are included in Cash and cash equivalents.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__59-1": {
   "value": "Cash and cash equival<span class=\"_ _5\"/>ents at<span class=\"_ _5\"/> the balance shee<span class=\"_ _5\"/>t da<span class=\"_ _5\"/>te can be specified as below<span class=\"_ _0\"/>.In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Bank and cash<span class=\"_ _18e\"> </span> 240<span class=\"_ _6\"/>,256 <span class=\"_ _d6\"> </span><span class=\"lsfa ws43\"> 32<span class=\"_ _6\"/>2,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>42 </span>Deposits<span class=\"_ _1d8\"> </span><span class=\"ls100 ws16d\"> 32,498<span class=\"_ _6\"/> <span class=\"_ _a0\"> </span><span class=\"ls12d ws116\"> 2<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,<span class=\"_ _6\"/>161<span class=\"_ _6\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _73\"> </span><span class=\"ls117 ws12a\"> 272<span class=\"_ _6\"/>,<span class=\"_ _6\"/>75<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _db\"> </span><span class=\"lsfc ws11b\"> 3<span class=\"_ _6\"/>51,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>3<span class=\"_ _6\"/> </span></span>Bank ov<span class=\"_ _5\"/>erdrafts used f<span class=\"_ _5\"/>or cash management<span class=\"_ _5\"/> purposes<span class=\"_ _1a\"> </span><span class=\"ls10f ws129\"> (15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>6<span class=\"_ _6\"/>)<span class=\"_ _133\"> </span><span class=\"ls111 ws20\"> (<span class=\"_ _6\"/>9<span class=\"_ _6\"/>1)</span></span>Cash and cash equivalen<span class=\"_ _5\"/>ts less bank ov<span class=\"_ _5\"/>erdraft<span class=\"_ _be\"> </span> 257<span class=\"_ _5\"/>,598<span class=\"_ _6\"/> <span class=\"_ _d6\"> </span><span class=\"ls3 ws137\"> 350,9<span class=\"_ _5\"/>12 </span>The av<span class=\"_ _5\"/>erage eff<span class=\"_ _5\"/>ective inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te earned on cash during 20<span class=\"_ _5\"/>22 was 1<span class=\"_ _b\"/>.5% (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 0.3%).<span class=\"_ _b\"/> At<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 202<span class=\"_ _5\"/>2,<span class=\"_ _5\"/> \u20ac24<span class=\"_ _5\"/>3.2 million o<span class=\"_ _5\"/>f Cash and cash equival<span class=\"_ _5\"/>ents was <span class=\"_ _5\"/>freel<span class=\"_ _5\"/>y a<span class=\"_ _5\"/>vailable (202<span class=\"_ _b\"/>1: \u20ac3<span class=\"_ _5\"/>20.6 million).A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the cash balance o<span class=\"_ _5\"/>f the cap<span class=\"_ _5\"/>tive insuranc<span class=\"_ _5\"/>e company named <span class=\"_ _5\"/>White R<span class=\"_ _5\"/>ock Insurance (Netherlands) Pc<span class=\"_ _5\"/>c Limited w<span class=\"_ _5\"/>as \u20ac19<span class=\"_ _5\"/>.7 million (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _b\"/>5.6 million).A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> Cash and cash equivalents and Bank<span class=\"_ _5\"/> overdr<span class=\"_ _5\"/>afts have no<span class=\"_ _b\"/>t been offset (2<span class=\"_ _5\"/>021<span class=\"_ _b\"/>: nil).<span class=\"_ _5\"/> <span class=\"ls3\"> </span>The bank ov<span class=\"_ _5\"/>erdraft a<span class=\"_ _b\"/>t 31 Dec<span class=\"_ _5\"/>ember 2022 o<span class=\"_ _5\"/>f \u20ac1<span class=\"_ _b\"/>5.2 million is mainly<span class=\"_ _5\"/> within DPS Group<span class=\"_ _5\"/>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__61": {
   "value": "Restricted cash amounting to \u20ac29.6 million is composed of cash balances mainly held in China and Middle East (2021: \u20ac30.4 million). The Group has control over these balances; however, repatriation may be limited due to restrictive local regulatory and judicial requirements or high costs involved. As a result, the cash balances of some countries cannot be fully included in the global cash pooling or liquidity enhancement structures. In line with industry practice, the Company considers cash outside of global cash pooling or liquidity enhancement structures to be restricted if the Group is unable to repatriate cash within a defined period via either dividends, intercompany loans or settlement of intercompany invoices.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__160": {
   "value": "Share capitalOrdinary shares are classified as equity. Incremental costs directly attributable to the issuance of ordinary shares and rights to acquire shares are recognized as a deduction of equity, net of any tax effects.Priority shares and preference shares are classified as equity since these are non-redeemable, or only redeemable at the Company\u2019s option. Dividends on these shares are recognized as distributions within equity.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__161": {
   "value": "Repurchase of sharesWhen share capital is repurchased, the consideration paid, including directly attributable costs net of any tax effects, is deducted from equity. Repurchased shares (treasury shares) are presented as a deduction from total equity. When treasury shares are sold or reissued, subsequently any amount received is recognized as an increase in equity, and the resulting surplus or deficit on the transaction is transferred to/from retained earnings.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__159": {
   "value": "DividendsDividends are recognized as a liability in the period in which they are declared.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__66": {
   "value": "Authorized<span class=\"ls3 ws1\"> </span>Issued and <span class=\"_ _9\"/><span class=\"ls3\"> </span>Number of<span class=\"_ _5\"/> sharesshare capitalpaid-up capital2022 Ordinary shares (1<span class=\"_ _5\"/>20,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0, nomina<span class=\"_ _5\"/>l value \u20ac0.02<span class=\"_ _5\"/>)<span class=\"_ _153\"> </span><span class=\"lsf4 ws162\"> 2<span class=\"_ _b\"/>,400<span class=\"_ _b\"/>,000 <span class=\"_ _a8\"> </span><span class=\"ls13b ws198\"> 1<span class=\"_ _5\"/>,808,<span class=\"_ _5\"/>84<span class=\"_ _5\"/>2 </span></span>Cumulative pr<span class=\"_ _5\"/>eferred (pr<span class=\"_ _5\"/>otective) shar<span class=\"_ _5\"/>es (150,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0,<span class=\"_ _5\"/> nominal val<span class=\"_ _5\"/>ue \u20ac0.02)<span class=\"_ _27a\"> </span><span class=\"lsf4 ws162\"> 3,<span class=\"_ _b\"/>000,000<span class=\"_ _b\"/> <span class=\"_ _188\"> </span><span class=\"ls14a ws137\"> - </span></span>Cumulative <span class=\"_ _5\"/>financing preferr<span class=\"_ _5\"/>ed shares (30,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0,<span class=\"_ _5\"/> nominal va<span class=\"_ _5\"/>lue \u20ac0.02)<span class=\"_ _40\"> </span><span class=\"lsf4 ws162\"> 600<span class=\"_ _5\"/>,000<span class=\"_ _5\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - </span></span>Priority shares (60<span class=\"_ _6\"/>0,<span class=\"_ _5\"/> nominal va<span class=\"_ _5\"/>lue \u20ac0.02)<span class=\"_ _185\"> </span><span class=\"lsf9 ws178\"> 12<span class=\"_ _6\"/> <span class=\"_ _193\"> </span> 12<span class=\"_ _7\"/> </span>T<span class=\"_ _b\"/>otal as at<span class=\"_ _5\"/> 31 December<span class=\"_ _179\"> </span> 6,00<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,012 <span class=\"_ _a9\"> </span> 1,8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>8,8<span class=\"_ _6\"/>54 The devel<span class=\"_ _5\"/>opment o<span class=\"_ _5\"/>f the number<span class=\"_ _5\"/> of shar<span class=\"_ _5\"/>es issued/<span class=\"_ _5\"/>outstanding during 202<span class=\"_ _b\"/>1 and 2020 are presen<span class=\"_ _5\"/>ted in the table belo<span class=\"_ _5\"/>w<span class=\"_ _5\"/>.Ordinary <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Priority <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>T<span class=\"_ _b\"/>reasur<span class=\"_ _6\"/>y <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>T<span class=\"_ _b\"/>otal issued<span class=\"ls3\"> </span>Number of<span class=\"_ _5\"/> sharessharessharesstocksharesAt<span class=\"_ _5\"/> 1 January 2021 <span class=\"_ _e\"> </span> 90<span class=\"_ _6\"/>,1<span class=\"_ _5\"/>18,714 <span class=\"_ _101\"> </span> 6<span class=\"_ _6\"/>00 <span class=\"_ _d6\"> </span><span class=\"ls10d ws10d\"> 32<span class=\"_ _6\"/>3,<span class=\"_ _6\"/>377<span class=\"_ _6\"/> <span class=\"_ _aa\"> </span></span> 9<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,442<span class=\"_ _6\"/>,691Shares issued (st<span class=\"_ _5\"/>ock dividend)<span class=\"_ _28d\"> </span><span class=\"ls13d ws1ad\"> 6<span class=\"_ _5\"/>16,<span class=\"_ _5\"/>854 <span class=\"_ _176\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _3e\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _194\"> </span></span> 61<span class=\"_ _b\"/>6,854 </span>Shares cancell<span class=\"_ _5\"/>ed<span class=\"_ _162\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _db\"> </span></span><span class=\"ls3\"> (61<span class=\"_ _5\"/>6,8<span class=\"_ _6\"/>54)<span class=\"_ _39\"> </span> (616,854)</span>Repurchased shar<span class=\"_ _5\"/>es<span class=\"_ _146\"> </span> (2,31<span class=\"_ _5\"/>6,8<span class=\"_ _6\"/>30)<span class=\"_ _13d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _a5\"> </span></span> 2,316,830 <span class=\"_ _1bb\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span>Exercised shar<span class=\"_ _5\"/>es and options<span class=\"_ _13\"> </span> 590,<span class=\"_ _6\"/>501<span class=\"_ _6\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _de\"> </span></span> (590,5<span class=\"_ _6\"/>01<span class=\"_ _5\"/>)<span class=\"_ _20\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   </span>At<span class=\"_ _5\"/> 31 December 202<span class=\"_ _5\"/>1 <span class=\"_ _22\"> </span>8<span class=\"_ _6\"/>9,0<span class=\"_ _6\"/>09,239<span class=\"_ _102\"> </span><span class=\"ls81 ws137\">600<span class=\"_ _e4\"> </span></span><span class=\"wsac\">1,432,852<span class=\"_ _b3\"> </span>9<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,442<span class=\"_ _6\"/>,691</span>Shares issued (st<span class=\"_ _5\"/>ock dividend)<span class=\"_ _236\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   </span>Shares cancell<span class=\"_ _5\"/>ed<span class=\"_ _162\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   </span>Repurchased shar<span class=\"_ _5\"/>es<span class=\"_ _16\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   </span>Exercised shar<span class=\"_ _5\"/>es and options<span class=\"_ _15d\"> </span>563<span class=\"_ _6\"/>,335<span class=\"_ _9a\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _37\"> </span></span><span class=\"wsac\">(563,335)<span class=\"_ _13d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span></span>At<span class=\"_ _5\"/> 31 December 2022 <span class=\"_ _1b1\"> </span>8<span class=\"_ _6\"/>9,572<span class=\"_ _6\"/>,<span class=\"_ _6\"/>57<span class=\"_ _5\"/>4<span class=\"_ _102\"> </span>600<span class=\"_ _29\"> </span><span class=\"ls14d ws1a5\">8<span class=\"_ _6\"/>6<span class=\"_ _7\"/>9<span class=\"_ _6\"/>,<span class=\"_ _6\"/>517<span class=\"_ _a9\"> </span><span class=\"ls9d wsac\">9<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,442<span class=\"_ _6\"/>,691</span></span>Priority shar<span class=\"_ _5\"/>esT<span class=\"_ _b\"/>ota<span class=\"_ _5\"/>l number of<span class=\"_ _5\"/> outstanding priority shares a<span class=\"_ _b\"/>t 31 Dec<span class=\"_ _5\"/>ember 2022 is <span class=\"ls174 ws62\">600</span> (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 6<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0).<span class=\"_ _b\"/> In 2022,<span class=\"_ _0\"/> no preferred (pro<span class=\"_ _5\"/>tective) shares or<span class=\"_ _5\"/> financing pref<span class=\"_ _5\"/>erence shares <span class=\"_ _5\"/>were issued or<span class=\"_ _5\"/> outstanding.The priority shares ha<span class=\"_ _b\"/>ve been issued since 1987 and ar<span class=\"_ _5\"/>e all held b<span class=\"_ _5\"/>y Stich<span class=\"_ _5\"/>ting Prioriteit <span class=\"_ _5\"/>Arcadis NV; a founda<span class=\"_ _5\"/>tion with its corpor<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e seat in <span class=\"_ _5\"/>Arnhem.<span class=\"_ _b\"/> Special rights under <span class=\"_ _5\"/>the Articles of <span class=\"_ _5\"/>Association of<span class=\"_ _5\"/> Arca<span class=\"_ _5\"/>dis NV linked <span class=\"_ _5\"/>to these priority<span class=\"_ _5\"/> shares conc<span class=\"_ _5\"/>ern decision making relat<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o,<span class=\"_ _b\"/> among others:\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">The issuance,<span class=\"_ _0\"/> acquisition and disposal o<span class=\"_ _5\"/>f shares in <span class=\"_ _5\"/>the Company;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6 ws2a\">Amendments t<span class=\"_ _5\"/>o the Ar<span class=\"_ _6\"/>ticles of<span class=\"_ _5\"/> A<span class=\"_ _6\"/>ssociation;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">The dissolution o<span class=\"_ _5\"/>f the C<span class=\"_ _5\"/>ompany and the <span class=\"_ _5\"/>filing for<span class=\"_ _5\"/> bankrupt<span class=\"_ _5\"/>cy;</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">The entry int<span class=\"_ _5\"/>o or t<span class=\"_ _5\"/>ermination o<span class=\"_ _5\"/>f long-<span class=\"_ _5\"/>term cooper<span class=\"_ _5\"/>ative <span class=\"_ _5\"/>ventures o<span class=\"_ _b\"/>f substantial significance; and</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Inves<span class=\"_ _5\"/>tments (including ent<span class=\"_ _5\"/>ering int<span class=\"_ _5\"/>o par<span class=\"_ _6\"/>ticipations) <span class=\"_ _5\"/>for an amoun<span class=\"_ _5\"/>t equal <span class=\"_ _5\"/>to a<span class=\"_ _5\"/>t least<span class=\"_ _5\"/> 25% o<span class=\"_ _5\"/>f the </span>shareholders<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> equity<span class=\"_ _5\"/>.Pursuant <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the ar<span class=\"_ _6\"/>ticles o<span class=\"_ _5\"/>f association o<span class=\"_ _5\"/>f the Priority<span class=\"_ _5\"/> Founda<span class=\"_ _b\"/>tion,<span class=\"_ _5\"/> the Board o<span class=\"_ _5\"/>f the S<span class=\"_ _5\"/>tichting Prioriteit<span class=\"_ _5\"/> Arcadis NV consists o<span class=\"_ _5\"/>f tw<span class=\"_ _5\"/>enty (20<span class=\"_ _5\"/>) board members (with seven (7) <span class=\"_ _5\"/>vacancies a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22):  se<span class=\"_ _5\"/>ven (7) members of Arcadis<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> Super<span class=\"_ _6\"/>visor<span class=\"_ _6\"/>y Board,<span class=\"_ _b\"/> two (2<span class=\"_ _b\"/>) members of <span class=\"_ _5\"/>Arcadis\u2019<span class=\"_ _0\"/> Executive Board,<span class=\"_ _0\"/> one (1) member<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the Executive Leadership <span class=\"_ _5\"/>T<span class=\"_ _b\"/>eam and all <span class=\"_ _5\"/>ten (1<span class=\"_ _5\"/>0) members from <span class=\"_ _5\"/>the Board of<span class=\"_ _5\"/> Stichting Bell<span class=\"_ _5\"/>evue (a f<span class=\"_ _5\"/>oundation sea<span class=\"_ _5\"/>ted in Amst<span class=\"_ _5\"/>erdam,<span class=\"_ _b\"/> whose board members are appoin<span class=\"_ _5\"/>ted by<span class=\"_ _5\"/> and from the in<span class=\"_ _5\"/>terna<span class=\"_ _5\"/>tional employ<span class=\"_ _5\"/>ees of <span class=\"_ _5\"/>the Group).Cumulativ<span class=\"_ _5\"/>e Pref<span class=\"_ _5\"/>erred (Pro<span class=\"_ _5\"/>tective) Shar<span class=\"_ _5\"/>esCurrentl<span class=\"_ _b\"/>y no cumulative pr<span class=\"_ _5\"/>eferr<span class=\"_ _5\"/>ed (prot<span class=\"_ _5\"/>ective) shares ha<span class=\"_ _5\"/>ve been issued.<span class=\"_ _b\"/> However<span class=\"_ _3\"/>,<span class=\"_ _5\"/> an option agr<span class=\"_ _5\"/>eement t<span class=\"_ _b\"/>o<span class=\"_ _6\"/> acquir<span class=\"_ _5\"/>e such shares has been ent<span class=\"_ _5\"/>ered int<span class=\"_ _5\"/>o between Stich<span class=\"_ _5\"/>ting Pref<span class=\"_ _5\"/>erent<span class=\"_ _5\"/>e Aandelen Ar<span class=\"_ _5\"/>cadis NV (the <span class=\"_ _0\"/>\u2018Preferred St<span class=\"_ _5\"/>ock F<span class=\"_ _5\"/>oundation<span class=\"_ _5\"/>\u2019) and Arca<span class=\"_ _5\"/>dis NV under <span class=\"_ _5\"/>that a<span class=\"_ _5\"/>greement.<span class=\"_ _b\"/> The Pre<span class=\"_ _5\"/>ferred S<span class=\"_ _5\"/>tock F<span class=\"_ _b\"/>oundation has been grant<span class=\"_ _5\"/>ed the right <span class=\"_ _5\"/>to ac<span class=\"_ _5\"/>quire pro<span class=\"_ _5\"/>tective shares up <span class=\"_ _5\"/>to a maximum equal <span class=\"_ _5\"/>to the number<span class=\"_ _5\"/> of<span class=\"_ _5\"/> outstanding shares a<span class=\"_ _5\"/>t the dat<span class=\"_ _5\"/>e in question (cal<span class=\"_ _5\"/>l option).The Board o<span class=\"_ _5\"/>f the Pre<span class=\"_ _5\"/>ferred S<span class=\"_ _5\"/>tock<span class=\"_ _5\"/> Founda<span class=\"_ _5\"/>tion consists o<span class=\"_ _5\"/>f thr<span class=\"_ _5\"/>ee (3) members appoint<span class=\"_ _b\"/>ed by the Board itsel<span class=\"_ _5\"/>f<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The Chairman (or ano<span class=\"_ _5\"/>ther member) of<span class=\"_ _5\"/> the Supervisor<span class=\"_ _6\"/>y Board and <span class=\"_ _5\"/>the CEO (or the o<span class=\"_ _5\"/>ther member<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the Executiv<span class=\"_ _5\"/>e Board) will be in<span class=\"_ _5\"/>vited t<span class=\"_ _b\"/>o attend <span class=\"_ _5\"/>the board meetings o<span class=\"_ _5\"/>f this <span class=\"_ _5\"/>founda<span class=\"_ _5\"/>tion.<span class=\"_ _5\"/> This wil<span class=\"_ _5\"/>l not<span class=\"_ _5\"/> apply<span class=\"_ _5\"/> if a decision is t<span class=\"_ _5\"/>o be made on the ex<span class=\"_ _b\"/>ercise of <span class=\"_ _5\"/>the option right<span class=\"_ _5\"/> or the e<span class=\"_ _5\"/>xercise o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>voting rights on a<span class=\"_ _5\"/>cquired shares.Cumulativ<span class=\"_ _5\"/>e financing pref<span class=\"_ _5\"/>erred sharesSince 2002,<span class=\"_ _b\"/> the Articles o<span class=\"_ _5\"/>f Association o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>Arcadis NV incl<span class=\"_ _5\"/>ude the possibility <span class=\"_ _5\"/>to issue cumula<span class=\"_ _5\"/>tive financing pref<span class=\"_ _5\"/>erred shares.<span class=\"_ _0\"/> Currentl<span class=\"_ _5\"/>y<span class=\"_ _5\"/>,<span class=\"_ _b\"/> no such shares have been issued.Agreements with sharehol<span class=\"_ _5\"/>dersThe Articles of<span class=\"_ _5\"/> Association o<span class=\"_ _5\"/>f Stich<span class=\"_ _5\"/>ting Lovinklaan stipula<span class=\"_ _b\"/>te tha<span class=\"_ _5\"/>t their<span class=\"_ _5\"/> Articles of <span class=\"_ _5\"/>Association cannot<span class=\"_ _5\"/> be amended without<span class=\"_ _5\"/> prior approv<span class=\"_ _5\"/>al of<span class=\"_ _5\"/> Stichting Priorit<span class=\"_ _5\"/>eit Ar<span class=\"_ _5\"/>cadis NV<span class=\"_ _b\"/>.<span class=\"_ _b\"/> In a separat<span class=\"_ _5\"/>e agreement<span class=\"_ _5\"/> between Stichting Priorit<span class=\"_ _b\"/>eit Arcadis NV<span class=\"_ _5\"/> and Stichting L<span class=\"_ _5\"/>ovinklaan it is stipula<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>that<span class=\"_ _5\"/> prior approv<span class=\"_ _5\"/>al of<span class=\"_ _5\"/> Stichting Prioriteit<span class=\"_ _5\"/> Arcadis NV<span class=\"_ _5\"/> is required <span class=\"_ _5\"/>for an<span class=\"_ _5\"/>y resol<span class=\"_ _5\"/>ution concerning the disposa<span class=\"_ _5\"/>l or trans<span class=\"_ _5\"/>fer<span class=\"_ _5\"/> of shar<span class=\"_ _5\"/>es in Arcadis NV if<span class=\"_ _b\"/>,<span class=\"_ _5\"/> as a resul<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f such resolution <span class=\"_ _5\"/>the number o<span class=\"_ _5\"/>f shares held b<span class=\"_ _5\"/>y Stichting L<span class=\"_ _5\"/>ovinklaan wil<span class=\"_ _5\"/>l drop below 1<span class=\"_ _b\"/>2,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0 (number of shar<span class=\"_ _5\"/>es held at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 2022<span class=\"_ _5\"/>: <span class=\"wsd9\">16,44<span class=\"_ _6\"/>4,9<span class=\"_ _6\"/>04<span class=\"ls31 ws2e\">)<span class=\"_ _6\"/>. </span></span>Issuance o<span class=\"_ _5\"/>f sharesThe General Mee<span class=\"_ _5\"/>ting decides,<span class=\"_ _5\"/> with <span class=\"_ _5\"/>the approva<span class=\"_ _5\"/>l of <span class=\"_ _5\"/>the Super<span class=\"_ _6\"/>visory Board and Stich<span class=\"_ _5\"/>ting Prioriteit <span class=\"_ _5\"/>Arcadis NV<span class=\"_ _0\"/>, about <span class=\"_ _5\"/>the issuance of<span class=\"_ _5\"/> shares or gran<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> rights t<span class=\"_ _5\"/>o acquir<span class=\"_ _5\"/>e shares.<span class=\"_ _b\"/> The General Meeting can a<span class=\"_ _5\"/>lso delegat<span class=\"_ _b\"/>e its<span class=\"_ _6\"/> authority <span class=\"_ _5\"/>to issue shares,<span class=\"_ _b\"/> or part ther<span class=\"_ _5\"/>eof<span class=\"_ _b\"/>,<span class=\"_ _b\"/> to the Ex<span class=\"_ _b\"/>ecutive Board.<span class=\"_ _b\"/> As long as any such delega<span class=\"_ _5\"/>tion stands,<span class=\"_ _b\"/> the General Mee<span class=\"_ _5\"/>ting cannot decide <span class=\"_ _5\"/>to issue<span class=\"_ _5\"/>.<span class=\"_ _5\"/> No shares w<span class=\"_ _5\"/>ere issued in 2022 (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 61<span class=\"_ _b\"/>6<span class=\"_ _6\"/>,854).Purchase o<span class=\"_ _5\"/>f sharesAs mandat<span class=\"_ _5\"/>ed by the Gener<span class=\"_ _5\"/>al Meeting o<span class=\"_ _5\"/>f Shareholders and <span class=\"_ _5\"/>with approv<span class=\"_ _5\"/>al from <span class=\"_ _5\"/>the Super<span class=\"_ _6\"/>visory Board and Stichting Priorit<span class=\"_ _b\"/>eit Arcadis NV<span class=\"_ _0\"/>,<span class=\"_ _b\"/> the Executive Boar<span class=\"_ _5\"/>d may pur<span class=\"_ _5\"/>chase full<span class=\"_ _b\"/>y paid-up shares in Arca<span class=\"_ _5\"/>dis NV<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The mandat<span class=\"_ _5\"/>e is not<span class=\"_ _5\"/> needed in case the shares are pur<span class=\"_ _5\"/>chased t<span class=\"_ _5\"/>o be transf<span class=\"_ _5\"/>erred t<span class=\"_ _5\"/>o employ<span class=\"_ _5\"/>ees and to <span class=\"_ _5\"/>fulfill commitments <span class=\"_ _5\"/>for s<span class=\"_ _5\"/>tock<span class=\"_ _5\"/> dividend.<span class=\"_ _5\"/> As a resul<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f its Long-<span class=\"_ _0\"/>T<span class=\"_ _b\"/>erm Incentive Plan(s) or<span class=\"_ _5\"/> relat<span class=\"_ _5\"/>ed arrangements,<span class=\"_ _b\"/> Arcadis needs <span class=\"_ _5\"/>to pro<span class=\"_ _5\"/>vide shares t<span class=\"_ _5\"/>o persons working <span class=\"_ _5\"/>for <span class=\"_ _5\"/>Arcadis.<span class=\"_ _b\"/> The int<span class=\"_ _b\"/>ention is to minimiz<span class=\"_ _5\"/>e dilution by purchasing (a portion of<span class=\"_ _6\"/>) the shares needed <span class=\"_ _5\"/>for<span class=\"_ _5\"/> such Long-<span class=\"_ _b\"/>T<span class=\"_ _b\"/>erm Incentive Plan(s) (or<span class=\"_ _5\"/> rela<span class=\"_ _5\"/>ted arrangemen<span class=\"_ _5\"/>ts),<span class=\"_ _5\"/> as opposed t<span class=\"_ _5\"/>o issuing new shares.<span class=\"_ _b\"/> The f<span class=\"_ _5\"/>ollowing numbers o<span class=\"_ _5\"/>f shares <span class=\"_ _5\"/>were r<span class=\"_ _5\"/>epurchased over<span class=\"_ _5\"/> the past <span class=\"_ _5\"/>five years:Number <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Price at<span class=\"_ _5\"/> time of<span class=\"ls3\"> </span>Y<span class=\"_ _b\"/>earof<span class=\"_ _5\"/> sharespurchase (in \u20ac)20<span class=\"_ _6\"/>18 <span class=\"_ _1eb\"> </span><span class=\"lsb7 ws12f\"> 58<span class=\"_ _6\"/>0,958 <span class=\"_ _bc\"> </span><span class=\"ls9d ws3c\">16.61 t<span class=\"_ _5\"/>o 20<span class=\"_ _6\"/>.06</span></span>20<span class=\"_ _6\"/>19<span class=\"_ _6\"/> <span class=\"_ _28e\"> </span><span class=\"lsf4 ws162\"> 85<span class=\"_ _5\"/>0,<span class=\"_ _b\"/>000 <span class=\"_ _14c\"> </span><span class=\"ls9d ws3c\">13.82 t<span class=\"_ _5\"/>o 17<span class=\"_ _0\"/>.59</span></span>2020 <span class=\"_ _28e\"> </span><span class=\"lsf3 ws194\"> 504,386 <span class=\"_ _114\"> </span><span class=\"ls9d ws3c\">1<span class=\"_ _5\"/>2.30 to 27<span class=\"_ _b\"/>.9<span class=\"_ _6\"/>6</span></span>20<span class=\"_ _6\"/>21 <span class=\"_ _20a\"> </span><span class=\"ls9d ws1\"> 2,31<span class=\"_ _5\"/>6,83<span class=\"_ _6\"/>0 <span class=\"_ _114\"> </span><span class=\"ws3c\">27<span class=\"_ _0\"/>.58 to 4<span class=\"_ _6\"/>0.24</span></span>2022<span class=\"_ _6\"/> <span class=\"_ _28f\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span><span class=\"ws137\"> - </span></span>The repurchased shar<span class=\"_ _5\"/>es are t<span class=\"_ _5\"/>o cover<span class=\"_ _5\"/> f<span class=\"_ _5\"/>or the <span class=\"_ _5\"/>vesting/<span class=\"_ _b\"/>exercise o<span class=\"_ _5\"/>f shares and op<span class=\"_ _5\"/>tions grant<span class=\"_ _5\"/>ed and commitment for<span class=\"_ _5\"/> stock<span class=\"_ _5\"/> dividend.<span class=\"_ _b\"/> The cash equivalen<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> the t<span class=\"_ _b\"/>emporar<span class=\"_ _6\"/>y repur<span class=\"_ _5\"/>chased shares are deducted <span class=\"_ _5\"/>from Retained earnings.Of <span class=\"_ _5\"/>the purchased shares,<span class=\"_ _b\"/> a to<span class=\"_ _b\"/>tal number of<span class=\"_ _5\"/> 563,335 has been pla<span class=\"_ _5\"/>ced back in <span class=\"_ _5\"/>the marke<span class=\"_ _5\"/>t through <span class=\"_ _5\"/>the exer<span class=\"_ _5\"/>cise of<span class=\"_ _5\"/> options in 20<span class=\"_ _5\"/>22 (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 590,501<span class=\"_ _5\"/>).<span class=\"_ _b\"/> Net proc<span class=\"_ _5\"/>eeds included in Retained earnings amoun<span class=\"_ _5\"/>ted t<span class=\"_ _b\"/>o \u20ac1.3 million (202<span class=\"_ _b\"/>1: \u20ac6.2 million).A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the number o<span class=\"_ _5\"/>f repurchased shar<span class=\"_ _5\"/>es in stock<span class=\"_ _5\"/> (treasury st<span class=\"_ _5\"/>ock) amounted <span class=\"_ _5\"/>to 869,5<span class=\"_ _b\"/>1<span class=\"_ _5\"/>7 <span class=\"ls3\"> </span>(202<span class=\"_ _b\"/>1: 1<span class=\"_ _b\"/>,432,852<span class=\"_ _b\"/>).The number o<span class=\"_ _5\"/>f outstanding ordinary shar<span class=\"_ _5\"/>es over <span class=\"_ _5\"/>the past <span class=\"_ _5\"/>five years dev<span class=\"_ _5\"/>eloped as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:Issued <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Repurchased<span class=\"ls3 ws1\"> </span>Reissued<span class=\"ls3 ws1\"> </span>Y<span class=\"_ _b\"/>ear<span class=\"_ _130\"> </span><span class=\"ff2 ws19d\">1 Januar<span class=\"_ _6\"/>y</span>sharessharesshares<span class=\"_ _cb\"> </span><span class=\"ws1\">31 December</span>20<span class=\"_ _6\"/>18 <span class=\"_ _290\"> </span><span class=\"ls9d ws1\"> 86<span class=\"_ _6\"/>,463,0<span class=\"_ _6\"/>58 <span class=\"_ _cd\"> </span> 1,608<span class=\"_ _6\"/>,09<span class=\"_ _6\"/>4 <span class=\"_ _b6\"> </span> (580,95<span class=\"_ _6\"/>8)<span class=\"_ _e5\"> </span><span class=\"lsee ws11e\"> 2<span class=\"_ _7\"/>21,<span class=\"_ _6\"/>13<span class=\"_ _6\"/>3<span class=\"_ _7\"/> <span class=\"_ _b0\"> </span></span> 87<span class=\"_ _b\"/>,71<span class=\"_ _5\"/>1,32<span class=\"_ _5\"/>7 </span>20<span class=\"_ _6\"/>19<span class=\"_ _6\"/> <span class=\"_ _82\"> </span><span class=\"ls9d ws1\"> 87<span class=\"_ _b\"/>,71<span class=\"_ _b\"/>1,327 <span class=\"_ _4e\"> </span> 1,42<span class=\"_ _5\"/>6<span class=\"_ _6\"/>,786 <span class=\"_ _aa\"> </span> (85<span class=\"_ _6\"/>0,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0)<span class=\"_ _b2\"> </span><span class=\"lsed ws163\"> 7<span class=\"_ _6\"/>5<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>11<span class=\"_ _6\"/>5<span class=\"_ _7\"/> <span class=\"_ _dd\"> </span></span> 89,045,228 </span>2020 <span class=\"_ _290\"> </span><span class=\"ls9d ws1\"> 89,045<span class=\"_ _6\"/>,228 <span class=\"_ _53\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _df\"> </span><span class=\"lsf3 ws194\"> (50<span class=\"_ _6\"/>4,386)<span class=\"_ _4e\"> </span></span></span> 1,577<span class=\"_ _b\"/>,872 <span class=\"_ _147\"> </span> 9<span class=\"_ _6\"/>0,1<span class=\"_ _5\"/>18,71<span class=\"_ _5\"/>4 </span>20<span class=\"_ _6\"/>21 <span class=\"_ _291\"> </span> 90<span class=\"_ _6\"/>,1<span class=\"_ _b\"/>18,714 <span class=\"_ _e5\"> </span> 6<span class=\"_ _5\"/>16,<span class=\"_ _5\"/>854 <span class=\"_ _b0\"> </span> (2,316,830)<span class=\"_ _df\"> </span><span class=\"ls6f ws13a\"> 59<span class=\"_ _6\"/>0,<span class=\"_ _6\"/>501<span class=\"_ _6\"/> <span class=\"_ _13a\"> </span><span class=\"lsf6 ws10f\"> 8<span class=\"_ _6\"/>9,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9,239 </span></span>2022<span class=\"_ _6\"/> <span class=\"_ _24e\"> </span> 89,0<span class=\"_ _7\"/>09,239<span class=\"_ _6\"/> <span class=\"_ _133\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _193\"> </span> - <span class=\"_ _d4\"> </span><span class=\"ls3e ws3a\">563<span class=\"_ _6\"/>,335<span class=\"_ _4e\"> </span><span class=\"ls119 ws136\">89,572,<span class=\"_ _6\"/>57<span class=\"_ _5\"/>4</span></span>Share premiumShare premium r<span class=\"_ _5\"/>epresents the pr<span class=\"_ _5\"/>emium paid in exc<span class=\"_ _5\"/>ess of <span class=\"_ _5\"/>the par v<span class=\"_ _5\"/>alue o<span class=\"_ _5\"/>f shares a<span class=\"_ _5\"/>t the <span class=\"_ _5\"/>time of<span class=\"_ _5\"/> the issuance of<span class=\"_ _5\"/> new shares or<span class=\"_ _5\"/> ex<span class=\"_ _5\"/>ercise of<span class=\"_ _5\"/> share options.T<span class=\"_ _b\"/>ranslation r<span class=\"_ _5\"/>eser<span class=\"_ _6\"/>veT<span class=\"_ _b\"/>ranslation reserve (a sta<span class=\"_ _b\"/>tutory reserve) comprises all <span class=\"_ _5\"/>foreign e<span class=\"_ _5\"/>xchange differ<span class=\"_ _5\"/>ences arising from <span class=\"_ _5\"/>the transla<span class=\"_ _5\"/>tion of the financial stat<span class=\"_ _b\"/>ements <span class=\"_ _6\"/>of<span class=\"_ _5\"/> foreign opera<span class=\"_ _5\"/>tions.<span class=\"_ _b\"/> <span class=\"_ _6\"/>\u20ac5.6 million was added to the T<span class=\"_ _0\"/>ranslation reserve in 2022 (2<span class=\"_ _5\"/>021<span class=\"_ _b\"/>: \u20ac62.8 million).Hedging reserveThe hedging reserve comprises the e<span class=\"_ _5\"/>ffective portion of <span class=\"_ _5\"/>the cumulative ne<span class=\"_ _5\"/>t change in fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> cash flow hedging instruments r<span class=\"_ _5\"/>elat<span class=\"_ _5\"/>ed to hedged <span class=\"_ _5\"/>transactions tha<span class=\"_ _5\"/>t ha<span class=\"_ _5\"/>ve not<span class=\"_ _5\"/> yet<span class=\"_ _5\"/> occurred.<span class=\"_ _0\"/> An amount o<span class=\"_ _5\"/>f \u20ac<span class=\"wsd9\">0.1</span> million was added <span class=\"_ _5\"/>to the Hedging r<span class=\"_ _5\"/>eserve in 2022 with nil <span class=\"_ _5\"/>tax effect on <span class=\"_ _5\"/>the same (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac0.5 million and \u20ac0.1 million tax,<span class=\"_ _5\"/> respectivel<span class=\"_ _5\"/>y).Re<span class=\"_ _5\"/>tained earningsThe Executiv<span class=\"_ _5\"/>e Board proposes,<span class=\"_ _b\"/> with the appr<span class=\"_ _5\"/>oval o<span class=\"_ _5\"/>f the Supervisory Board,<span class=\"_ _b\"/> which part of<span class=\"_ _5\"/> the pro<span class=\"_ _5\"/>fit shall be reserved.<span class=\"_ _b\"/> The remaining part of<span class=\"_ _5\"/> the pro<span class=\"_ _5\"/>fits shall be at<span class=\"_ _5\"/> the disposal o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the General Meeting o<span class=\"_ _5\"/>f Sharehol<span class=\"_ _5\"/>ders and may<span class=\"_ _5\"/> be distributed as dividend.<span class=\"_ _0\"/> The holder o<span class=\"_ _5\"/>f the priority<span class=\"_ _5\"/> shares is entitled <span class=\"_ _5\"/>to a dividend o<span class=\"_ _5\"/>f 5% o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the par val<span class=\"_ _5\"/>ue of <span class=\"_ _5\"/>the priority shares,<span class=\"_ _0\"/> prior to an<span class=\"_ _5\"/>y dividend distribution being made<span class=\"_ _5\"/>.<span class=\"_ _b\"/> On these shares no further distributions shal<span class=\"_ _5\"/>l be made.Pro<span class=\"_ _5\"/>fit alloca<span class=\"_ _5\"/>tionThe pro<span class=\"_ _5\"/>fit attributable <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the equity holders o<span class=\"_ _5\"/>f the C<span class=\"_ _5\"/>ompany ov<span class=\"_ _5\"/>er fiscal <span class=\"_ _5\"/>year 20<span class=\"_ _5\"/>22 amounts t<span class=\"_ _5\"/>o \u20ac<span class=\"wsd9\">1<span class=\"_ _5\"/>35.5 mil<span class=\"_ _5\"/>lion.<span class=\"_ _5\"/> </span>The Executiv<span class=\"_ _5\"/>e Board,<span class=\"_ _b\"/> with the appro<span class=\"_ _5\"/>val o<span class=\"_ _5\"/>f the Supervisory Board,<span class=\"_ _b\"/> proposes to deduct<span class=\"_ _5\"/> an amount o<span class=\"_ _5\"/>f \u20ac69.2 million fr<span class=\"_ _5\"/>om the retained earnings and <span class=\"_ _5\"/>to pr<span class=\"_ _5\"/>esent f<span class=\"_ _b\"/>or approva<span class=\"_ _5\"/>l to <span class=\"_ _5\"/>the General Meeting o<span class=\"_ _b\"/>f Shareholders its proposal <span class=\"_ _5\"/>to distribut<span class=\"_ _5\"/>e a dividend amount o<span class=\"_ _b\"/>f \u20ac66<span class=\"_ _6\"/>.3 million,<span class=\"_ _b\"/> which represen<span class=\"_ _5\"/>ts a dividend of<span class=\"_ _5\"/> \u20ac0.7<span class=\"_ _5\"/>4 per ordinary share (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac0.70).<span class=\"_ _b\"/> Of the <span class=\"_ _5\"/>to<span class=\"_ _5\"/>tal Re<span class=\"_ _5\"/>tained earnings,<span class=\"_ _5\"/> an amount o<span class=\"_ _5\"/>f \u20ac<span class=\"wsd9\">9.6 <span class=\"_ _5\"/><span class=\"ws1\">million of<span class=\"_ _5\"/> legal r<span class=\"_ _5\"/>eser<span class=\"_ _6\"/>ves is restrict<span class=\"_ _5\"/>ed in </span></span>distribution (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac9.6 million).<span class=\"_ _b\"/> See not<span class=\"_ _5\"/>e 45 t<span class=\"_ _5\"/>o the Company<span class=\"_ _5\"/> financial sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>ts for<span class=\"_ _5\"/> further details.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__65": {
   "value": "Authorized<span class=\"ls3 ws1\"> </span>Issued and <span class=\"_ _9\"/><span class=\"ls3\"> </span>Number of<span class=\"_ _5\"/> sharesshare capitalpaid-up capital2022 Ordinary shares (1<span class=\"_ _5\"/>20,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0, nomina<span class=\"_ _5\"/>l value \u20ac0.02<span class=\"_ _5\"/>)<span class=\"_ _153\"> </span><span class=\"lsf4 ws162\"> 2<span class=\"_ _b\"/>,400<span class=\"_ _b\"/>,000 <span class=\"_ _a8\"> </span><span class=\"ls13b ws198\"> 1<span class=\"_ _5\"/>,808,<span class=\"_ _5\"/>84<span class=\"_ _5\"/>2 </span></span>Cumulative pr<span class=\"_ _5\"/>eferred (pr<span class=\"_ _5\"/>otective) shar<span class=\"_ _5\"/>es (150,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0,<span class=\"_ _5\"/> nominal val<span class=\"_ _5\"/>ue \u20ac0.02)<span class=\"_ _27a\"> </span><span class=\"lsf4 ws162\"> 3,<span class=\"_ _b\"/>000,000<span class=\"_ _b\"/> <span class=\"_ _188\"> </span><span class=\"ls14a ws137\"> - </span></span>Cumulative <span class=\"_ _5\"/>financing preferr<span class=\"_ _5\"/>ed shares (30,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0,<span class=\"_ _5\"/> nominal va<span class=\"_ _5\"/>lue \u20ac0.02)<span class=\"_ _40\"> </span><span class=\"lsf4 ws162\"> 600<span class=\"_ _5\"/>,000<span class=\"_ _5\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - </span></span>Priority shares (60<span class=\"_ _6\"/>0,<span class=\"_ _5\"/> nominal va<span class=\"_ _5\"/>lue \u20ac0.02)<span class=\"_ _185\"> </span><span class=\"lsf9 ws178\"> 12<span class=\"_ _6\"/> <span class=\"_ _193\"> </span> 12<span class=\"_ _7\"/> </span>T<span class=\"_ _b\"/>otal as at<span class=\"_ _5\"/> 31 December<span class=\"_ _179\"> </span> 6,00<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,012 <span class=\"_ _a9\"> </span> 1,8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>8,8<span class=\"_ _6\"/>54 The devel<span class=\"_ _5\"/>opment o<span class=\"_ _5\"/>f the number<span class=\"_ _5\"/> of shar<span class=\"_ _5\"/>es issued/<span class=\"_ _5\"/>outstanding during 202<span class=\"_ _b\"/>1 and 2020 are presen<span class=\"_ _5\"/>ted in the table belo<span class=\"_ _5\"/>w<span class=\"_ _5\"/>.Ordinary <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Priority <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>T<span class=\"_ _b\"/>reasur<span class=\"_ _6\"/>y <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>T<span class=\"_ _b\"/>otal issued<span class=\"ls3\"> </span>Number of<span class=\"_ _5\"/> sharessharessharesstocksharesAt<span class=\"_ _5\"/> 1 January 2021 <span class=\"_ _e\"> </span> 90<span class=\"_ _6\"/>,1<span class=\"_ _5\"/>18,714 <span class=\"_ _101\"> </span> 6<span class=\"_ _6\"/>00 <span class=\"_ _d6\"> </span><span class=\"ls10d ws10d\"> 32<span class=\"_ _6\"/>3,<span class=\"_ _6\"/>377<span class=\"_ _6\"/> <span class=\"_ _aa\"> </span></span> 9<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,442<span class=\"_ _6\"/>,691Shares issued (st<span class=\"_ _5\"/>ock dividend)<span class=\"_ _28d\"> </span><span class=\"ls13d ws1ad\"> 6<span class=\"_ _5\"/>16,<span class=\"_ _5\"/>854 <span class=\"_ _176\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _3e\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _194\"> </span></span> 61<span class=\"_ _b\"/>6,854 </span>Shares cancell<span class=\"_ _5\"/>ed<span class=\"_ _162\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _db\"> </span></span><span class=\"ls3\"> (61<span class=\"_ _5\"/>6,8<span class=\"_ _6\"/>54)<span class=\"_ _39\"> </span> (616,854)</span>Repurchased shar<span class=\"_ _5\"/>es<span class=\"_ _146\"> </span> (2,31<span class=\"_ _5\"/>6,8<span class=\"_ _6\"/>30)<span class=\"_ _13d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _a5\"> </span></span> 2,316,830 <span class=\"_ _1bb\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span>Exercised shar<span class=\"_ _5\"/>es and options<span class=\"_ _13\"> </span> 590,<span class=\"_ _6\"/>501<span class=\"_ _6\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _de\"> </span></span> (590,5<span class=\"_ _6\"/>01<span class=\"_ _5\"/>)<span class=\"_ _20\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   </span>At<span class=\"_ _5\"/> 31 December 202<span class=\"_ _5\"/>1 <span class=\"_ _22\"> </span>8<span class=\"_ _6\"/>9,0<span class=\"_ _6\"/>09,239<span class=\"_ _102\"> </span><span class=\"ls81 ws137\">600<span class=\"_ _e4\"> </span></span><span class=\"wsac\">1,432,852<span class=\"_ _b3\"> </span>9<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,442<span class=\"_ _6\"/>,691</span>Shares issued (st<span class=\"_ _5\"/>ock dividend)<span class=\"_ _236\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   </span>Shares cancell<span class=\"_ _5\"/>ed<span class=\"_ _162\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   </span>Repurchased shar<span class=\"_ _5\"/>es<span class=\"_ _16\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   </span>Exercised shar<span class=\"_ _5\"/>es and options<span class=\"_ _15d\"> </span>563<span class=\"_ _6\"/>,335<span class=\"_ _9a\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _37\"> </span></span><span class=\"wsac\">(563,335)<span class=\"_ _13d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span></span>At<span class=\"_ _5\"/> 31 December 2022 <span class=\"_ _1b1\"> </span>8<span class=\"_ _6\"/>9,572<span class=\"_ _6\"/>,<span class=\"_ _6\"/>57<span class=\"_ _5\"/>4<span class=\"_ _102\"> </span>600<span class=\"_ _29\"> </span><span class=\"ls14d ws1a5\">8<span class=\"_ _6\"/>6<span class=\"_ _7\"/>9<span class=\"_ _6\"/>,<span class=\"_ _6\"/>517<span class=\"_ _a9\"> </span><span class=\"ls9d wsac\">9<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,442<span class=\"_ _6\"/>,691</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__67": {
   "value": "Purchase o<span class=\"_ _5\"/>f sharesAs mandat<span class=\"_ _5\"/>ed by the Gener<span class=\"_ _5\"/>al Meeting o<span class=\"_ _5\"/>f Shareholders and <span class=\"_ _5\"/>with approv<span class=\"_ _5\"/>al from <span class=\"_ _5\"/>the Super<span class=\"_ _6\"/>visory Board and Stichting Priorit<span class=\"_ _b\"/>eit Arcadis NV<span class=\"_ _0\"/>,<span class=\"_ _b\"/> the Executive Boar<span class=\"_ _5\"/>d may pur<span class=\"_ _5\"/>chase full<span class=\"_ _b\"/>y paid-up shares in Arca<span class=\"_ _5\"/>dis NV<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The mandat<span class=\"_ _5\"/>e is not<span class=\"_ _5\"/> needed in case the shares are pur<span class=\"_ _5\"/>chased t<span class=\"_ _5\"/>o be transf<span class=\"_ _5\"/>erred t<span class=\"_ _5\"/>o employ<span class=\"_ _5\"/>ees and to <span class=\"_ _5\"/>fulfill commitments <span class=\"_ _5\"/>for s<span class=\"_ _5\"/>tock<span class=\"_ _5\"/> dividend.<span class=\"_ _5\"/> As a resul<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f its Long-<span class=\"_ _0\"/>T<span class=\"_ _b\"/>erm Incentive Plan(s) or<span class=\"_ _5\"/> relat<span class=\"_ _5\"/>ed arrangements,<span class=\"_ _b\"/> Arcadis needs <span class=\"_ _5\"/>to pro<span class=\"_ _5\"/>vide shares t<span class=\"_ _5\"/>o persons working <span class=\"_ _5\"/>for <span class=\"_ _5\"/>Arcadis.<span class=\"_ _b\"/> The int<span class=\"_ _b\"/>ention is to minimiz<span class=\"_ _5\"/>e dilution by purchasing (a portion of<span class=\"_ _6\"/>) the shares needed <span class=\"_ _5\"/>for<span class=\"_ _5\"/> such Long-<span class=\"_ _b\"/>T<span class=\"_ _b\"/>erm Incentive Plan(s) (or<span class=\"_ _5\"/> rela<span class=\"_ _5\"/>ted arrangemen<span class=\"_ _5\"/>ts),<span class=\"_ _5\"/> as opposed t<span class=\"_ _5\"/>o issuing new shares.<span class=\"_ _b\"/> The f<span class=\"_ _5\"/>ollowing numbers o<span class=\"_ _5\"/>f shares <span class=\"_ _5\"/>were r<span class=\"_ _5\"/>epurchased over<span class=\"_ _5\"/> the past <span class=\"_ _5\"/>five years:Number <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Price at<span class=\"_ _5\"/> time of<span class=\"ls3\"> </span>Y<span class=\"_ _b\"/>earof<span class=\"_ _5\"/> sharespurchase (in \u20ac)20<span class=\"_ _6\"/>18 <span class=\"_ _1eb\"> </span><span class=\"lsb7 ws12f\"> 58<span class=\"_ _6\"/>0,958 <span class=\"_ _bc\"> </span><span class=\"ls9d ws3c\">16.61 t<span class=\"_ _5\"/>o 20<span class=\"_ _6\"/>.06</span></span>20<span class=\"_ _6\"/>19<span class=\"_ _6\"/> <span class=\"_ _28e\"> </span><span class=\"lsf4 ws162\"> 85<span class=\"_ _5\"/>0,<span class=\"_ _b\"/>000 <span class=\"_ _14c\"> </span><span class=\"ls9d ws3c\">13.82 t<span class=\"_ _5\"/>o 17<span class=\"_ _0\"/>.59</span></span>2020 <span class=\"_ _28e\"> </span><span class=\"lsf3 ws194\"> 504,386 <span class=\"_ _114\"> </span><span class=\"ls9d ws3c\">1<span class=\"_ _5\"/>2.30 to 27<span class=\"_ _b\"/>.9<span class=\"_ _6\"/>6</span></span>20<span class=\"_ _6\"/>21 <span class=\"_ _20a\"> </span><span class=\"ls9d ws1\"> 2,31<span class=\"_ _5\"/>6,83<span class=\"_ _6\"/>0 <span class=\"_ _114\"> </span><span class=\"ws3c\">27<span class=\"_ _0\"/>.58 to 4<span class=\"_ _6\"/>0.24</span></span>2022<span class=\"_ _6\"/> <span class=\"_ _28f\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span><span class=\"ws137\"> - </span></span>The repurchased shar<span class=\"_ _5\"/>es are t<span class=\"_ _5\"/>o cover<span class=\"_ _5\"/> f<span class=\"_ _5\"/>or the <span class=\"_ _5\"/>vesting/<span class=\"_ _b\"/>exercise o<span class=\"_ _5\"/>f shares and op<span class=\"_ _5\"/>tions grant<span class=\"_ _5\"/>ed and commitment for<span class=\"_ _5\"/> stock<span class=\"_ _5\"/> dividend.<span class=\"_ _b\"/> The cash equivalen<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> the t<span class=\"_ _b\"/>emporar<span class=\"_ _6\"/>y repur<span class=\"_ _5\"/>chased shares are deducted <span class=\"_ _5\"/>from Retained earnings.Of <span class=\"_ _5\"/>the purchased shares,<span class=\"_ _b\"/> a to<span class=\"_ _b\"/>tal number of<span class=\"_ _5\"/> 563,335 has been pla<span class=\"_ _5\"/>ced back in <span class=\"_ _5\"/>the marke<span class=\"_ _5\"/>t through <span class=\"_ _5\"/>the exer<span class=\"_ _5\"/>cise of<span class=\"_ _5\"/> options in 20<span class=\"_ _5\"/>22 (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 590,501<span class=\"_ _5\"/>).<span class=\"_ _b\"/> Net proc<span class=\"_ _5\"/>eeds included in Retained earnings amoun<span class=\"_ _5\"/>ted t<span class=\"_ _b\"/>o \u20ac1.3 million (202<span class=\"_ _b\"/>1: \u20ac6.2 million).A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the number o<span class=\"_ _5\"/>f repurchased shar<span class=\"_ _5\"/>es in stock<span class=\"_ _5\"/> (treasury st<span class=\"_ _5\"/>ock) amounted <span class=\"_ _5\"/>to 869,5<span class=\"_ _b\"/>1<span class=\"_ _5\"/>7 <span class=\"ls3\"> </span>(202<span class=\"_ _b\"/>1: 1<span class=\"_ _b\"/>,432,852<span class=\"_ _b\"/>).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__70": {
   "value": "T<span class=\"_ _b\"/>ranslation r<span class=\"_ _5\"/>eser<span class=\"_ _6\"/>veT<span class=\"_ _b\"/>ranslation reserve (a sta<span class=\"_ _b\"/>tutory reserve) comprises all <span class=\"_ _5\"/>foreign e<span class=\"_ _5\"/>xchange differ<span class=\"_ _5\"/>ences arising from <span class=\"_ _5\"/>the transla<span class=\"_ _5\"/>tion of the financial stat<span class=\"_ _b\"/>ements <span class=\"_ _6\"/>of<span class=\"_ _5\"/> foreign opera<span class=\"_ _5\"/>tions.<span class=\"_ _b\"/> <span class=\"_ _6\"/>\u20ac5.6 million was added to the T<span class=\"_ _0\"/>ranslation reserve in 2022 (2<span class=\"_ _5\"/>021<span class=\"_ _b\"/>: \u20ac62.8 million).Hedging reserveThe hedging reserve comprises the e<span class=\"_ _5\"/>ffective portion of <span class=\"_ _5\"/>the cumulative ne<span class=\"_ _5\"/>t change in fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> cash flow hedging instruments r<span class=\"_ _5\"/>elat<span class=\"_ _5\"/>ed to hedged <span class=\"_ _5\"/>transactions tha<span class=\"_ _5\"/>t ha<span class=\"_ _5\"/>ve not<span class=\"_ _5\"/> yet<span class=\"_ _5\"/> occurred.<span class=\"_ _0\"/> An amount o<span class=\"_ _5\"/>f \u20ac<span class=\"wsd9\">0.1</span> million was added <span class=\"_ _5\"/>to the Hedging r<span class=\"_ _5\"/>eserve in 2022 with nil <span class=\"_ _5\"/>tax effect on <span class=\"_ _5\"/>the same (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac0.5 million and \u20ac0.1 million tax,<span class=\"_ _5\"/> respectivel<span class=\"_ _5\"/>y).Re<span class=\"_ _5\"/>tained earningsThe Executiv<span class=\"_ _5\"/>e Board proposes,<span class=\"_ _b\"/> with the appr<span class=\"_ _5\"/>oval o<span class=\"_ _5\"/>f the Supervisory Board,<span class=\"_ _b\"/> which part of<span class=\"_ _5\"/> the pro<span class=\"_ _5\"/>fit shall be reserved.<span class=\"_ _b\"/> The remaining part of<span class=\"_ _5\"/> the pro<span class=\"_ _5\"/>fits shall be at<span class=\"_ _5\"/> the disposal o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the General Meeting o<span class=\"_ _5\"/>f Sharehol<span class=\"_ _5\"/>ders and may<span class=\"_ _5\"/> be distributed as dividend.<span class=\"_ _0\"/> The holder o<span class=\"_ _5\"/>f the priority<span class=\"_ _5\"/> shares is entitled <span class=\"_ _5\"/>to a dividend o<span class=\"_ _5\"/>f 5% o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the par val<span class=\"_ _5\"/>ue of <span class=\"_ _5\"/>the priority shares,<span class=\"_ _0\"/> prior to an<span class=\"_ _5\"/>y dividend distribution being made<span class=\"_ _5\"/>.<span class=\"_ _b\"/> On these shares no further distributions shal<span class=\"_ _5\"/>l be made.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__68": {
   "value": "The pro<span class=\"_ _5\"/>fit attributable <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the equity holders o<span class=\"_ _5\"/>f the C<span class=\"_ _5\"/>ompany ov<span class=\"_ _5\"/>er fiscal <span class=\"_ _5\"/>year 20<span class=\"_ _5\"/>22 amounts t<span class=\"_ _5\"/>o \u20ac<span class=\"wsd9\">1<span class=\"_ _5\"/>35.5 mil<span class=\"_ _5\"/>lion.<span class=\"_ _5\"/> </span>The Executiv<span class=\"_ _5\"/>e Board,<span class=\"_ _b\"/> with the appro<span class=\"_ _5\"/>val o<span class=\"_ _5\"/>f the Supervisory Board,<span class=\"_ _b\"/> proposes to deduct<span class=\"_ _5\"/> an amount o<span class=\"_ _5\"/>f \u20ac69.2 million fr<span class=\"_ _5\"/>om the retained earnings and <span class=\"_ _5\"/>to pr<span class=\"_ _5\"/>esent f<span class=\"_ _b\"/>or approva<span class=\"_ _5\"/>l to <span class=\"_ _5\"/>the General Meeting o<span class=\"_ _b\"/>f Shareholders its proposal <span class=\"_ _5\"/>to distribut<span class=\"_ _5\"/>e a dividend amount o<span class=\"_ _b\"/>f \u20ac66<span class=\"_ _6\"/>.3 million,<span class=\"_ _b\"/> which represen<span class=\"_ _5\"/>ts a dividend of<span class=\"_ _5\"/> \u20ac0.7<span class=\"_ _5\"/>4 per ordinary share (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac0.70).<span class=\"_ _b\"/> Of the <span class=\"_ _5\"/>to<span class=\"_ _5\"/>tal Re<span class=\"_ _5\"/>tained earnings,<span class=\"_ _5\"/> an amount o<span class=\"_ _5\"/>f \u20ac<span class=\"wsd9\">9.6 <span class=\"_ _5\"/><span class=\"ws1\">million of<span class=\"_ _5\"/> legal r<span class=\"_ _5\"/>eser<span class=\"_ _6\"/>ves is restrict<span class=\"_ _5\"/>ed in </span></span>distribution (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac9.6 million).<span class=\"_ _b\"/> See not<span class=\"_ _5\"/>e 45 t<span class=\"_ _5\"/>o the Company<span class=\"_ _5\"/> financial sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>ts for<span class=\"_ _5\"/> further details.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__163": {
   "value": "Non-controlling interests represent the net assets which are not held by the Company and are presented within total equity in the Consolidated balance sheet as a separate category. Profit or loss and each component of Other comprehensive income are attributed to the equity holders and to the non-controlling interests.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__69": {
   "value": "The movemen<span class=\"_ _5\"/>ts in non-controlling int<span class=\"_ _b\"/>erests are specified below<span class=\"_ _0\"/>.In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _283\"> </span><span class=\"ff2\"> (1,148)<span class=\"_ _13e\"> </span></span> (1,237)Share in profit f<span class=\"_ _5\"/>or the year<span class=\"_ _279\"> </span><span class=\"ls10c ws136\"> (<span class=\"_ _6\"/>533)<span class=\"_ _83\"> </span><span class=\"lsf2 ws148\"> 337 </span></span>Dividends t<span class=\"_ _5\"/>o non-controlling shareholders<span class=\"_ _234\"> </span><span class=\"lsf5 ws117\"> (2<span class=\"_ _6\"/>17<span class=\"_ _6\"/>)<span class=\"_ _4c\"> </span><span class=\"lsee ws11e\"> (13<span class=\"_ _6\"/>3<span class=\"_ _6\"/>)</span></span>Acquisitions/ (div<span class=\"_ _5\"/>estments)<span class=\"_ _1f1\"> </span><span class=\"ls3e ws3a\">(26)<span class=\"_ _64\"> </span></span><span class=\"ls3\">-</span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _17f\"> </span> (8<span class=\"_ _6\"/>5)<span class=\"_ _3b\"> </span><span class=\"ls10e ws111\"> (<span class=\"_ _6\"/>11<span class=\"_ _6\"/>5<span class=\"_ _6\"/>)</span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _1ce\"> </span><span class=\"wsac\">(2,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9)<span class=\"_ _57\"> </span>(1,1<span class=\"_ _5\"/>4<span class=\"_ _6\"/>8)</span>A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the non-controlling in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>ts mainly<span class=\"_ _5\"/> consist<span class=\"_ _5\"/>ed of: \u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Hyder &amp; Solaiman Elkher<span class=\"_ _5\"/>eiji Engineering Consul<span class=\"_ _5\"/>tants (30%) (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 30<span class=\"_ _6\"/>%) </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Gerenciament<span class=\"_ _5\"/>o Nacala L<span class=\"_ _b\"/>tda (40%) (2021<span class=\"_ _b\"/>: 40<span class=\"_ _6\"/>%)</span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">W<span class=\"_ _b\"/>ater<span class=\"_ _5\"/> Platf<span class=\"_ _5\"/>orm Company<span class=\"_ _5\"/> (30<span class=\"_ _6\"/>%) <span class=\"_ _b\"/>\u2013<span class=\"_ _5\"/> acquired in 2<span class=\"_ _5\"/>022 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__165": {
   "value": "Most of the pension plans of the Group qualify as defined contribution pension plans. However, the Group also operates a few defined benefit pension plans.Defined contribution pension plansFor defined contribution pension plans, the Group pays fixed contributions into a separate entity, which are charged to profit or loss in the period during which services are provided by employees. The Group\u2019s legal or constructive obligation is limited to the contributions paid into the plans. Prepaid contributions are recognized as an asset to the extent that Arcadis has the unconditional right to cash refunds or reduction in future payments.Defined benefit pension plansSome of the pension plans qualify as defined benefit pension plans. For these plans, the costs are recognized as personnel costs and financing costs in profit or loss. The amount charged to personnel costs is the cost of accruing pension benefits promised to employees over the year, plus the costs of individual events such as past service benefit changes, settlements and curtailments (such events are recognized immediately in profit or loss).The amount charged to financing costs is the net interest expense calculated by applying the liability discount rate to the net defined benefit liability or asset. Any differences between the expected interest on assets and the return actually achieved, and any changes in the liabilities over the year due to changes in assumptions or experience within the plans, are recognized immediately in profit or loss.The majority of the defined benefit pension plans are funded with plan assets that have been segregated in a trust or foundation. These plans are subject to regular actuarial review by external actuaries, using the projected unit credit method.The defined benefit pension plan on the balance sheet comprises the present value of the defined benefit pension obligation and the fair value of plan assets. The present value of the obligation is determined by discounting the estimated future cash outflows using interest rates of high-quality corporate bonds (or suitable alternative where there is no active corporate bond market) that are denominated in the currency in which the benefits will be paid, and with maturity dates approximating to the terms of the related pension obligations.Remeasurements 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 recognized immediately in profit or loss.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__71-1": {
   "value": "The table bel<span class=\"_ _5\"/>ow pro<span class=\"_ _5\"/>vides a summary of <span class=\"_ _5\"/>the t<span class=\"_ _5\"/>otal pr<span class=\"_ _5\"/>ovision f<span class=\"_ _5\"/>or employ<span class=\"_ _5\"/>ee benefits at <span class=\"_ _5\"/>the balance shee<span class=\"_ _5\"/>t dat<span class=\"_ _5\"/>e.In \u20ac thousands<span class=\"_ _247\"> </span> Asset side <span class=\"_ _d0\"> </span> Liability<span class=\"_ _5\"/> side <span class=\"_ _d2\"> </span>T<span class=\"_ _5\"/>otal 202Defined benefit pension plans<span class=\"_ _11\"> </span> 1<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>17<span class=\"_ _6\"/> <span class=\"_ _a0\"> </span><span class=\"ls10f ws129\"> 2<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,<span class=\"_ _6\"/>715<span class=\"_ _7\"/> <span class=\"_ _18a\"> </span><span class=\"lsfc ws11b\"> 18<span class=\"_ _6\"/>,2<span class=\"_ _6\"/>9<span class=\"_ _6\"/>8<span class=\"_ _6\"/> </span></span>Other def<span class=\"_ _5\"/>erred compensa<span class=\"_ _5\"/>tion plans<span class=\"_ _f5\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _c4\"> </span></span> 17<span class=\"_ _b\"/>,773 <span class=\"_ _38\"> </span> 17<span class=\"_ _0\"/>,773 T<span class=\"_ _b\"/>otal provision <span class=\"_ _5\"/>for empl<span class=\"_ _5\"/>oyee benefits<span class=\"_ _43\"> </span> 1<span class=\"_ _5\"/>0,4<span class=\"_ _5\"/>1<span class=\"_ _5\"/>7 <span class=\"_ _29\"> </span><span class=\"ls9d ws1\"> 46,4<span class=\"_ _6\"/>8<span class=\"_ _6\"/>8 <span class=\"_ _18a\"> </span><span class=\"ls57 ws164\"> 3<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>71 </span></span>Non-current<span class=\"_ _bf\"> </span> 10<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>17<span class=\"_ _6\"/> <span class=\"_ _13e\"> </span><span class=\"lsf8 wse9\"> 41,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>5<span class=\"_ _6\"/>2<span class=\"_ _7\"/> <span class=\"_ _71\"> </span><span class=\"lsef ws11c\"> 31,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>35<span class=\"_ _6\"/> </span></span>Current<span class=\"_ _292\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _149\"> </span></span><span class=\"ws1\"> 4,836<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span> 4,836 </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _11c\"> </span> 10,<span class=\"_ _5\"/>41<span class=\"_ _b\"/>7 <span class=\"_ _29\"> </span><span class=\"ls9d ws1\"> 46,4<span class=\"_ _6\"/>8<span class=\"_ _6\"/>8 <span class=\"_ _18a\"> </span><span class=\"ls57 ws164\"> 3<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,071<span class=\"_ _6\"/> </span></span>In \u20ac thousands<span class=\"_ _247\"> </span> Asset side <span class=\"_ _d0\"> </span> Liability<span class=\"_ _5\"/> side <span class=\"_ _d4\"> </span>T<span class=\"_ _5\"/>otal 202<span class=\"_ _5\"/>1Defined benefit pension plans<span class=\"_ _168\"> </span> 26<span class=\"_ _6\"/>,56<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _13e\"> </span><span class=\"lsf2 ws148\"> 37<span class=\"_ _5\"/>,<span class=\"_ _6\"/>70<span class=\"_ _6\"/>9 <span class=\"_ _38\"> </span><span class=\"ls10e ws111\"> 11<span class=\"_ _6\"/>,<span class=\"_ _7\"/>14<span class=\"_ _7\"/>5<span class=\"_ _6\"/> </span></span>Other def<span class=\"_ _5\"/>erred compensa<span class=\"_ _5\"/>tion plans<span class=\"_ _f5\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _51\"> </span><span class=\"lsef ws11c\"> 21,4<span class=\"_ _7\"/>69<span class=\"_ _6\"/> <span class=\"_ _71\"> </span> 21,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span>T<span class=\"_ _b\"/>otal provision <span class=\"_ _5\"/>for empl<span class=\"_ _5\"/>oyee benefits<span class=\"_ _14\"> </span> 26,56<span class=\"_ _6\"/>4 <span class=\"_ _a0\"> </span> 59,178 <span class=\"_ _71\"> </span><span class=\"ls118 ws10e\"> 32<span class=\"_ _7\"/>,614<span class=\"_ _7\"/> </span>Non-current<span class=\"_ _199\"> </span> 26,5<span class=\"_ _6\"/>6<span class=\"_ _6\"/>4 <span class=\"_ _71\"> </span><span class=\"ls110 ws15f\"> 53<span class=\"_ _6\"/>,572<span class=\"_ _6\"/> <span class=\"_ _71\"> </span><span class=\"lsed ws163\"> 2<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>0<span class=\"_ _4\"> </span>0<span class=\"_ _7\"> </span>8<span class=\"_ _7\"> </span> </span></span>Current<span class=\"_ _292\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span></span><span class=\"ws1\"> 5,60<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _c4\"> </span> 5,6<span class=\"_ _6\"/>06<span class=\"_ _6\"/> </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _211\"> </span><span class=\"ls9d ws1\"> 26<span class=\"_ _6\"/>,564<span class=\"_ _6\"/> <span class=\"_ _71\"> </span> 59<span class=\"_ _6\"/>,1<span class=\"_ _5\"/>78 <span class=\"_ _71\"> </span><span class=\"ls118 ws10e\"> 3<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>14<span class=\"_ _6\"/> </span></span>Pension cos<span class=\"_ _5\"/>ts recognized in pr<span class=\"_ _5\"/>ofit or<span class=\"_ _5\"/> lossThe t<span class=\"_ _5\"/>otal pension c<span class=\"_ _5\"/>osts recogniz<span class=\"_ _5\"/>ed in profit or<span class=\"_ _5\"/> loss w<span class=\"_ _5\"/>ere as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02T<span class=\"_ _b\"/>otal defined benefit pension plans<span class=\"_ _293\"> </span><span class=\"lsee ws11e\"> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>13<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _4f\"> </span><span class=\"lsf8 wse9\"> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>51<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal defined contribution pension plan and o<span class=\"_ _5\"/>ther def<span class=\"_ _5\"/>erred compensa<span class=\"_ _5\"/>tion plans<span class=\"_ _260\"> </span><span class=\"lsf0 ws15c\"> 83<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>24<span class=\"_ _6\"/> <span class=\"_ _71\"> </span><span class=\"ls3 ws137\"> 70,<span class=\"_ _5\"/>834 </span></span>T<span class=\"_ _b\"/>otal pension costs<span class=\"_ _27d\"> </span> 8<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,759 <span class=\"_ _71\"> </span><span class=\"ls16c ws133\"> 74<span class=\"_ _7\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>5<span class=\"_ _6\"/>3<span class=\"_ _7\"/> </span>The pension expenses o<span class=\"_ _5\"/>f defined benefit and defined con<span class=\"_ _5\"/>tribution pension plans are recogniz<span class=\"_ _5\"/>ed in the fol<span class=\"_ _5\"/>lowing line it<span class=\"_ _5\"/>ems in the Consolida<span class=\"_ _5\"/>ted income s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ement:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Personnel cos<span class=\"_ _5\"/>ts<span class=\"_ _18e\"> </span><span class=\"ls119 ws17c\"> 86<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>57 <span class=\"_ _13e\"> </span><span class=\"lsf7 ws17f\"> 74<span class=\"_ _7\"/>,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>8<span class=\"_ _6\"/>1<span class=\"_ _7\"/> </span></span>Finance expenses<span class=\"_ _18f\"> </span><span class=\"ls2 ws14a\"> (9<span class=\"_ _6\"/>8)<span class=\"_ _83\"> </span><span class=\"lsf5 ws117\"> 172<span class=\"_ _7\"/> </span></span>T<span class=\"_ _b\"/>otal pension costs<span class=\"_ _27d\"> </span> 8<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,759 <span class=\"_ _71\"> </span><span class=\"ls16c ws133\"> 74<span class=\"_ _7\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>5<span class=\"_ _6\"/>3<span class=\"_ _7\"/> </span>Defined benefit pension plansDescription o<span class=\"_ _5\"/>f plansThe defined benefit pension plans o<span class=\"_ _5\"/>f the Gr<span class=\"_ _5\"/>oup are either career<span class=\"_ _5\"/> aver<span class=\"_ _5\"/>age,<span class=\"_ _0\"/> final salary or hybrid plans.<span class=\"_ _b\"/> In addition,<span class=\"_ _b\"/> there is a <span class=\"_ _5\"/>termina<span class=\"_ _5\"/>tion indemnity plan f<span class=\"_ _5\"/>or Ar<span class=\"_ _5\"/>cadis Middle East,<span class=\"_ _0\"/> which pays out<span class=\"_ _5\"/> a single lump sum a<span class=\"_ _5\"/>t exit (r<span class=\"_ _5\"/>egardless o<span class=\"_ _5\"/>f age or<span class=\"_ _5\"/> reason f<span class=\"_ _5\"/>or exit).The two main de<span class=\"_ _5\"/>fined benefit pension plans are in the UK,<span class=\"_ _b\"/> being the <span class=\"_ _b\"/>\u2018EC Harris Group Pension Scheme<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> and<span class=\"_ _6\"/> the <span class=\"_ _b\"/>\u2018<span class=\"_ _b\"/>Acer Gr<span class=\"_ _5\"/>oup Pension Scheme<span class=\"_ _5\"/>\u2019<span class=\"_ _5\"/> (formerl<span class=\"_ _b\"/>y Hyder),<span class=\"_ _b\"/> which acc<span class=\"_ _5\"/>ount <span class=\"_ _5\"/>for 1<span class=\"_ _5\"/>0<span class=\"_ _6\"/>0% of <span class=\"_ _5\"/>the pension assets f<span class=\"_ _5\"/>or funded schemes in surplus.<span class=\"_ _b\"/> The defined benefit liability<span class=\"_ _5\"/> is mainly<span class=\"_ _5\"/> due t<span class=\"_ _5\"/>o the t<span class=\"_ _5\"/>ermination indemnity<span class=\"_ _5\"/> plan in Arcadis Middle East<span class=\"_ _5\"/> (49% of <span class=\"_ _5\"/>the t<span class=\"_ _5\"/>otal defined benefit<span class=\"_ _5\"/> liability) and other individua<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y immat<span class=\"_ _b\"/>erial defined benefit pension plans within the <span class=\"_ _6\"/>Group.As at 3<span class=\"_ _b\"/>1 December 2022 bo<span class=\"_ _b\"/>th defined benefit pension plans in the UK ha<span class=\"_ _5\"/>ve a surplus o<span class=\"_ _5\"/>f \u20ac1<span class=\"_ _5\"/>0.4 million (3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac26.6 million).<span class=\"_ _b\"/> This decrease is due t<span class=\"_ _5\"/>o worse <span class=\"_ _5\"/>than expected inv<span class=\"_ _5\"/>estment<span class=\"_ _5\"/> returns,<span class=\"_ _b\"/> particularly due <span class=\"_ _5\"/>to <span class=\"_ _5\"/>financial market<span class=\"_ _5\"/> turmoil lat<span class=\"_ _b\"/>e in 2022,<span class=\"_ _b\"/> which has been offset<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o some exten<span class=\"_ _5\"/>t by <span class=\"_ _5\"/>the increase in discoun<span class=\"_ _5\"/>t ra<span class=\"_ _5\"/>te placing a l<span class=\"_ _5\"/>ower <span class=\"_ _5\"/>val<span class=\"_ _5\"/>ue on the schemes\u2019<span class=\"_ _b\"/> liabilities.The EC Harris Group Pension Scheme has been cl<span class=\"_ _5\"/>osed for<span class=\"_ _5\"/> future a<span class=\"_ _5\"/>ccruals since 3<span class=\"_ _b\"/>1 January 201<span class=\"_ _0\"/>1,<span class=\"_ _b\"/> whereas <span class=\"_ _5\"/>the Acer Gr<span class=\"_ _5\"/>oup Pension Scheme w<span class=\"_ _5\"/>as closed f<span class=\"_ _5\"/>or futur<span class=\"_ _5\"/>e accruals sinc<span class=\"_ _5\"/>e 30 April 201<span class=\"_ _0\"/>1.<span class=\"_ _b\"/> Both plans are <span class=\"_ _5\"/>funded plans.<span class=\"_ _5\"/> The other<span class=\"_ _5\"/> defined benefit pensions plans are mainl<span class=\"_ _b\"/>y active and funded plans.There w<span class=\"_ _5\"/>ere no defined benefit plans identified <span class=\"_ _5\"/>for IBI and DPS gr<span class=\"_ _5\"/>oup during preliminary PP<span class=\"_ _b\"/>A assessment.<span class=\"_ _5\"/> Governanc<span class=\"_ _5\"/>eThe majority of<span class=\"_ _5\"/> the defined benefit pension plans ar<span class=\"_ _5\"/>e established as independent <span class=\"_ _5\"/>founda<span class=\"_ _5\"/>tions or similar entities,<span class=\"_ _b\"/> with opera<span class=\"_ _5\"/>tions governed b<span class=\"_ _5\"/>y local r<span class=\"_ _5\"/>egulations and pra<span class=\"_ _5\"/>ctice in each country<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Boards of<span class=\"_ _5\"/> T<span class=\"_ _b\"/>rustees,<span class=\"_ _0\"/> which consist<span class=\"_ _5\"/> of empl<span class=\"_ _5\"/>oyer<span class=\"_ _5\"/> and employee r<span class=\"_ _5\"/>epresenta<span class=\"_ _5\"/>tives,<span class=\"_ _b\"/> are generall<span class=\"_ _b\"/>y required <span class=\"_ _5\"/>to act on beha<span class=\"_ _5\"/>lf o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the plan\u2019<span class=\"_ _5\"/>s stak<span class=\"_ _5\"/>eholders and perform periodic revie<span class=\"_ _5\"/>ws on the sol<span class=\"_ _5\"/>vency o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>funds in accor<span class=\"_ _5\"/>dance with loca<span class=\"_ _5\"/>l laws and regula<span class=\"_ _5\"/>tions.<span class=\"_ _5\"/> They<span class=\"_ _5\"/> are responsibl<span class=\"_ _5\"/>e for<span class=\"_ _5\"/> administ<span class=\"_ _5\"/>ering the plan assets and <span class=\"_ _5\"/>for de<span class=\"_ _5\"/>fining the investmen<span class=\"_ _5\"/>t str<span class=\"_ _5\"/>ategy<span class=\"_ _0\"/>.Inves<span class=\"_ _5\"/>tment str<span class=\"_ _5\"/>at<span class=\"_ _5\"/>egyThe inves<span class=\"_ _5\"/>tment str<span class=\"_ _5\"/>at<span class=\"_ _5\"/>egy of<span class=\"_ _5\"/> the Group in r<span class=\"_ _5\"/>espect of <span class=\"_ _5\"/>the funded plans is implemen<span class=\"_ _5\"/>ted within <span class=\"_ _5\"/>the frame<span class=\"_ _5\"/>work o<span class=\"_ _5\"/>f the various l<span class=\"_ _5\"/>ocal requiremen<span class=\"_ _5\"/>ts of <span class=\"_ _5\"/>the countries <span class=\"_ _5\"/>where the plans are based.<span class=\"_ _0\"/> The objective is t<span class=\"_ _5\"/>o control <span class=\"_ _5\"/>the risks and maintain an appropria<span class=\"_ _5\"/>te ba<span class=\"_ _5\"/>lance between <span class=\"_ _5\"/>the risks and the long-<span class=\"_ _5\"/>term re<span class=\"_ _5\"/>turns.<span class=\"_ _5\"/> There<span class=\"_ _5\"/>fore<span class=\"_ _5\"/>,<span class=\"_ _b\"/> the investmen<span class=\"_ _5\"/>ts are wel<span class=\"_ _5\"/>l diversified <span class=\"_ _6\"/>and managed within the <span class=\"_ _6\"/>asset-liability<span class=\"_ _5\"/> matching (ALM) framew<span class=\"_ _5\"/>orks <span class=\"_ _6\"/>of<span class=\"_ _5\"/> the funds.<span class=\"_ _b\"/> Within<span class=\"_ _6\"/> these frame<span class=\"_ _5\"/>works the objective is <span class=\"_ _5\"/>to ma<span class=\"_ _5\"/>tch assets <span class=\"_ _5\"/>to the pensions obliga<span class=\"_ _b\"/>tions by inves<span class=\"_ _5\"/>ting in long-t<span class=\"_ _5\"/>erm fixed int<span class=\"_ _5\"/>erest securities <span class=\"_ _5\"/>with maturities <span class=\"_ _5\"/>that ma<span class=\"_ _5\"/>tch <span class=\"_ _5\"/>the benefit paymen<span class=\"_ _5\"/>ts as they<span class=\"_ _5\"/> fal<span class=\"_ _5\"/>l due and in the appropria<span class=\"_ _5\"/>te currency<span class=\"_ _b\"/>.Specification defined benefit pension plansThe table bel<span class=\"_ _5\"/>ow pro<span class=\"_ _5\"/>vides a summary of <span class=\"_ _5\"/>the classification of<span class=\"_ _5\"/> the defined benefit pension plans a<span class=\"_ _b\"/>t 31 December<span class=\"_ _3\"/>. 2022<span class=\"_ _26b\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>Present <span class=\"_ _1\"/><span class=\"ls3 ws1\"> </span>Fair value<span class=\"_ _6\"/> <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Present <span class=\"_ _1\"/><span class=\"ls3 ws1\"> </span>Fair value<span class=\"_ _6\"/> <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>value of <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>of<span class=\"_ _5\"/> plan <span class=\"_ _3\"/><span class=\"ls3\"> </span>value of <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>of<span class=\"_ _5\"/> plan <span class=\"_ _3\"/><span class=\"ls3\"> </span>In \u20ac thousandsobligationassets<span class=\"_ _bc\"> </span><span class=\"ls112 ws12e\">To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l</span>obligationassets<span class=\"_ _bc\"> </span><span class=\"ls112 ws12e\">To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l</span>EC Harris Group Pension Scheme (ECH)<span class=\"_ _d5\"> </span>74<span class=\"_ _7\"/>,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>9<span class=\"_ _6\"/>1<span class=\"_ _6\"/> <span class=\"_ _b6\"> </span><span class=\"ls2 ws12a\">8<span class=\"_ _6\"/>0,350<span class=\"_ _6\"/> <span class=\"_ _b6\"> </span></span> (6<span class=\"_ _6\"/>,059)<span class=\"_ _9e\"> </span>120,820 <span class=\"_ _9e\"> </span><span class=\"lsf9 ws115\">12<span class=\"_ _6\"/>8<span class=\"_ _7\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>8<span class=\"_ _6\"/>5<span class=\"_ _7\"/> <span class=\"_ _174\"> </span></span> (7<span class=\"_ _5\"/>,565)Acer Gr<span class=\"_ _5\"/>oup Pension Scheme (AGPS)<span class=\"_ _170\"> </span> 16<span class=\"_ _6\"/>3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>353<span class=\"_ _6\"/> <span class=\"_ _d0\"> </span>1<span class=\"_ _7\"/>6<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>7<span class=\"_ _6\"/>1<span class=\"_ _6\"/>1<span class=\"_ _7\"/> <span class=\"_ _b6\"> </span><span class=\"ls2 ws14a\"> (4,<span class=\"_ _6\"/>358)<span class=\"_ _9f\"> </span></span>26<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,632<span class=\"_ _6\"/> <span class=\"_ _4e\"> </span><span class=\"lsfc ws118\">279,<span class=\"_ _6\"/>631<span class=\"_ _6\"/> <span class=\"_ _9e\"> </span></span> (18,9<span class=\"_ _6\"/>99)ME T<span class=\"_ _b\"/>ermination Indemnity Plan (HME)<span class=\"_ _18a\"> </span><span class=\"lsf5 ws117\"> 1<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>17<span class=\"_ _6\"/>8<span class=\"_ _7\"/> <span class=\"_ _1ae\"> </span></span><span class=\"ls3\">-<span class=\"_ _d9\"> </span><span class=\"lsf5 ws117\"> 1<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>17<span class=\"_ _6\"/>8<span class=\"_ _7\"/> <span class=\"_ _174\"> </span><span class=\"ls102 ws11e\">19<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>5<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _1ae\"> </span></span></span>-<span class=\"_ _da\"> </span><span class=\"ls102 ws11a\"> 19<span class=\"_ _6\"/>,<span class=\"_ _6\"/>65<span class=\"_ _6\"/>3<span class=\"_ _6\"/> </span></span>Other defined benefit pension plans<span class=\"_ _161\"> </span>16<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0<span class=\"_ _7\"/>8<span class=\"_ _4d\"> </span>1,<span class=\"_ _6\"/>471<span class=\"_ _da\"> </span> 14<span class=\"_ _6\"/>,<span class=\"_ _6\"/>53<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _ac\"> </span> 2<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,15<span class=\"_ _6\"/>2<span class=\"_ _d4\"> </span><span class=\"lsf6 ws112\">2,<span class=\"_ _6\"/>09<span class=\"_ _6\"/>6<span class=\"_ _174\"> </span><span class=\"lsfc ws11b\"> 18<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>5<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal defined benefit pension plans<span class=\"_ _23c\"> </span><span class=\"lsfa ws43\"> 18<span class=\"_ _6\"/>,<span class=\"_ _6\"/>29<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _27\"> </span><span class=\"lsfd ws114\"> 11,<span class=\"_ _7\"/>14<span class=\"_ _7\"/>5<span class=\"_ _6\"/> </span></span>The next <span class=\"_ _5\"/>table provides a summary o<span class=\"_ _5\"/>f the changes in <span class=\"_ _5\"/>the defined benefit obliga<span class=\"_ _5\"/>tions and the f<span class=\"_ _5\"/>air va<span class=\"_ _5\"/>lue of the plan assets f<span class=\"_ _b\"/>or the UK (A and B herea<span class=\"_ _5\"/>fter),<span class=\"_ _b\"/> Arcadis Middl<span class=\"_ _5\"/>e East (C) and the o<span class=\"_ _5\"/>ther defined benefit pension plans (D).<span class=\"_ _b\"/> It also pro<span class=\"_ _5\"/>vides a reconcilia<span class=\"_ _5\"/>tion of <span class=\"_ _5\"/>the funded sta<span class=\"_ _5\"/>tus of<span class=\"_ _5\"/> the plans t<span class=\"_ _5\"/>o the amounts rec<span class=\"_ _5\"/>ognized in the Consolida<span class=\"_ _5\"/>ted balanc<span class=\"_ _5\"/>e sheet.In \u20ac thousands<span class=\"_ _24a\"> </span>ECH<span class=\"_ _e0\"> </span>AGPS<span class=\"_ _114\"> </span>AME<span class=\"_ _e0\"> </span>Other<span class=\"_ _d3\"> </span><span class=\"ff1 ls163 ws193\">To<span class=\"_ _7\"/>t<span class=\"_ _6\"/>a<span class=\"_ _7\"/>l</span>Balance a<span class=\"_ _5\"/>t 1 January 2021 <span class=\"_ _1af\"> </span> 16<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _63\"> </span> 10,4<span class=\"_ _5\"/>79 <span class=\"_ _63\"> </span> 18<span class=\"_ _7\"/>,415<span class=\"_ _7\"/> <span class=\"_ _b7\"> </span><span class=\"ls147 ws172\"> 17,<span class=\"_ _7\"/>7<span class=\"_ _6\"/>6<span class=\"_ _6\"/>1<span class=\"_ _7\"/> <span class=\"_ _d7\"> </span><span class=\"lsec ws112\"> 4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>19<span class=\"_ _6\"/> </span></span>Current<span class=\"_ _5\"/> ser<span class=\"_ _6\"/>vice cost<span class=\"_ _16\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _205\"> </span> - <span class=\"_ _d2\"> </span><span class=\"lsf5 ws117\"> 1<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>17<span class=\"_ _6\"/> <span class=\"_ _250\"> </span></span><span class=\"ls3\">  </span></span>Inter<span class=\"_ _5\"/>est expense<span class=\"_ _5\"/>/ (income)<span class=\"_ _136\"> </span><span class=\"ls10e ws111\"> (<span class=\"_ _6\"/>11)<span class=\"_ _114\"> </span><span class=\"lsee ws11e\"> 13<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _14c\"> </span></span> 113<span class=\"_ _7\"/> </span>One-off equalization c<span class=\"_ _5\"/>ost<span class=\"_ _1f8\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _205\"> </span> - </span>Reclassification<span class=\"_ _24a\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _205\"> </span> - </span>Su<span class=\"_ _6\"/>btota<span class=\"_ _6\"/>l<span class=\"_ _11d\"> </span> (<span class=\"_ _7\"/>11)<span class=\"_ _114\"> </span> 133<span class=\"_ _6\"/> <span class=\"_ _e5\"> </span><span class=\"ls101 wsac\"> 1,<span class=\"_ _6\"/>43<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _e5\"> </span> 1,9<span class=\"_ _6\"/>6<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _b3\"> </span></span><span class=\"ws11b\"> 3<span class=\"_ _6\"/>,519<span class=\"_ _6\"/> </span>Remeasuremen<span class=\"_ _5\"/>t:Return on plan asse<span class=\"_ _5\"/>ts excluding amoun<span class=\"_ _5\"/>ts included in inter<span class=\"_ _5\"/>est expense<span class=\"_ _5\"/>/ (income)<span class=\"_ _6c\"> </span><span class=\"ls100 ws16d\"> 32<span class=\"_ _6\"/> <span class=\"_ _9e\"> </span></span> (16,48<span class=\"_ _6\"/>5)<span class=\"_ _170\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _294\"> </span> - </span>(Gain)/ loss fr<span class=\"_ _5\"/>om change in financial assumptions<span class=\"_ _83\"> </span> (6,96<span class=\"_ _6\"/>4)<span class=\"_ _cd\"> </span> (1<span class=\"_ _5\"/>2,493)<span class=\"_ _e0\"> </span><span class=\"ls3e ws132\"> (339)<span class=\"_ _295\"> </span><span class=\"ls14a ws137\"> - </span></span>(Gain)/ loss fr<span class=\"_ _5\"/>om change in demographic assumptions<span class=\"_ _57\"> </span><span class=\"ls3 ws137\"> 6<span class=\"_ _6\"/>84 <span class=\"_ _b2\"> </span><span class=\"ls10e ws111\"> 2<span class=\"_ _7\"/>,<span class=\"_ _6\"/>511<span class=\"_ _7\"/> <span class=\"_ _55\"> </span></span> 134 <span class=\"_ _295\"> </span><span class=\"ls14a\"> - </span></span>Experience (gain)/ loss<span class=\"_ _296\"> </span> 354<span class=\"_ _6\"/> <span class=\"_ _39\"> </span> (47<span class=\"_ _6\"/>8)<span class=\"_ _a9\"> </span><span class=\"lsf9 ws178\"> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>312<span class=\"_ _7\"/> <span class=\"_ _295\"> </span><span class=\"ls14a ws137\"> - </span></span>T<span class=\"_ _b\"/>otal remeasuremen<span class=\"_ _5\"/>t<span class=\"_ _267\"> </span> (5,8<span class=\"_ _6\"/>94)<span class=\"_ _19d\"> </span> (26,94<span class=\"_ _6\"/>5)<span class=\"_ _df\"> </span><span class=\"ls6f ws13a\"> 3<span class=\"_ _6\"/>,10<span class=\"_ _6\"/>7 <span class=\"_ _d4\"> </span></span> (292)<span class=\"_ _19d\"> </span> (30,025)Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _27b\"> </span> 11<span class=\"_ _7\"/> <span class=\"_ _d3\"> </span> 672<span class=\"_ _6\"/> <span class=\"_ _e5\"> </span> 1,348 <span class=\"_ _d4\"> </span><span class=\"ls57 ws164\"> (79<span class=\"_ _6\"/>4)<span class=\"_ _e5\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>38<span class=\"_ _6\"/> </span></span>Contributions b<span class=\"_ _5\"/>y employer<span class=\"_ _155\"> </span> (1,835)<span class=\"_ _b7\"> </span> (3,338)<span class=\"_ _170\"> </span> - <span class=\"_ _bc\"> </span><span class=\"ls10f ws129\"> (<span class=\"_ _6\"/>15<span class=\"_ _6\"/>8<span class=\"_ _6\"/>)<span class=\"_ _174\"> </span></span> (5,331<span class=\"_ _5\"/>)Benefit pa<span class=\"_ _5\"/>yments from plans<span class=\"_ _c1\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _df\"> </span></span> (4,6<span class=\"_ _6\"/>47)<span class=\"_ _e0\"> </span><span class=\"lsfa ws43\"> (428)<span class=\"_ _b6\"> </span></span> (5<span class=\"_ _6\"/>,075)Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2021 <span class=\"_ _ea\"> </span> (7<span class=\"_ _b\"/>,56<span class=\"_ _6\"/>5)<span class=\"_ _19d\"> </span> (18,99<span class=\"_ _6\"/>9)<span class=\"_ _d7\"> </span> 19,6<span class=\"_ _6\"/>53<span class=\"_ _6\"/> <span class=\"_ _63\"> </span><span class=\"lsfa ws43\"> 18,0<span class=\"_ _6\"/>5<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _aa\"> </span><span class=\"lsfd ws114\"> 11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>4<span class=\"_ _6\"/>5<span class=\"_ _7\"/> </span></span>Current<span class=\"_ _5\"/> ser<span class=\"_ _6\"/>vice cost<span class=\"_ _16\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _205\"> </span> - <span class=\"_ _d6\"> </span><span class=\"lsec ws112\"> 793<span class=\"_ _6\"/> <span class=\"_ _297\"> </span></span> - </span>Inter<span class=\"_ _5\"/>est expense<span class=\"_ _5\"/>/ (income)<span class=\"_ _1af\"> </span> (<span class=\"_ _6\"/>16<span class=\"_ _6\"/>4)<span class=\"_ _a6\"> </span> (<span class=\"_ _7\"/>411)<span class=\"_ _114\"> </span><span class=\"ls3e ws132\"> 263 <span class=\"_ _297\"> </span><span class=\"ls14a ws137\"> - </span></span>One-off equalization c<span class=\"_ _5\"/>ost<span class=\"_ _1f8\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _205\"> </span> - <span class=\"_ _294\"> </span> - </span>Reclassification<span class=\"_ _24a\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _205\"> </span> - <span class=\"_ _294\"> </span> - </span>Su<span class=\"_ _6\"/>btota<span class=\"_ _6\"/>l<span class=\"_ _93\"> </span> (<span class=\"_ _6\"/>16<span class=\"_ _6\"/>4)<span class=\"_ _39\"> </span> (<span class=\"_ _6\"/>411)<span class=\"_ _e5\"> </span> 1,05<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _e5\"> </span><span class=\"ls9d ws1\"> 2,654 <span class=\"_ _b3\"> </span><span class=\"ls118 ws10e\"> 3<span class=\"_ _7\"/>,13<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span></span>Remeasuremen<span class=\"_ _5\"/>t:Return on plan asse<span class=\"_ _5\"/>ts excluding amoun<span class=\"_ _5\"/>ts included in inter<span class=\"_ _5\"/>est expense<span class=\"_ _5\"/>/ (income)<span class=\"_ _27\"> </span> 43,<span class=\"_ _6\"/>60<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _19d\"> </span> 102<span class=\"_ _6\"/>,47<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _294\"> </span> - </span>(Gain)/ loss fr<span class=\"_ _5\"/>om change in financial assumptions<span class=\"_ _19c\"> </span> (45,973)<span class=\"_ _9f\"> </span> (9<span class=\"_ _6\"/>4,7<span class=\"_ _5\"/>49)<span class=\"_ _e0\"> </span><span class=\"ls57 ws164\"> (38<span class=\"_ _6\"/>4)<span class=\"_ _295\"> </span><span class=\"ls14a ws137\"> - </span></span>(Gain)/ loss fr<span class=\"_ _5\"/>om change in demographic assumptions<span class=\"_ _1ae\"> </span><span class=\"lsf0 ws15c\"> (8<span class=\"_ _6\"/>2)<span class=\"_ _174\"> </span></span> (1,783<span class=\"_ _5\"/>)<span class=\"_ _e0\"> </span><span class=\"ls2 ws14a\"> (298)<span class=\"_ _295\"> </span><span class=\"ls14a ws137\"> - </span></span>Experience (gain)/ loss<span class=\"_ _136\"> </span><span class=\"ls119 ws17c\"> 5,28<span class=\"_ _6\"/>6 <span class=\"_ _ac\"> </span></span> 12,250 <span class=\"_ _b3\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>79<span class=\"_ _6\"/> <span class=\"_ _297\"> </span><span class=\"ls14a ws137\"> - </span></span>T<span class=\"_ _b\"/>otal remeasuremen<span class=\"_ _5\"/>t<span class=\"_ _1b0\"> </span> 2<span class=\"_ _6\"/>,839 <span class=\"_ _63\"> </span> 18<span class=\"_ _6\"/>,19<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _55\"> </span> 997<span class=\"_ _6\"/> <span class=\"_ _d4\"> </span><span class=\"lsfe ws5b\"> (70<span class=\"_ _6\"/>3)<span class=\"_ _63\"> </span><span class=\"ls117 ws12a\"> 21,32<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _c1\"> </span> 349 <span class=\"_ _55\"> </span><span class=\"ls110 ws15f\"> 438<span class=\"_ _6\"/> <span class=\"_ _b3\"> </span></span> 1,3<span class=\"_ _5\"/>34 <span class=\"_ _55\"> </span><span class=\"lsef ws11c\"> 16<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _e5\"> </span><span class=\"lsf6 ws10f\"> 2,2<span class=\"_ _6\"/>90<span class=\"_ _6\"/> </span></span>Contributions b<span class=\"_ _5\"/>y employer<span class=\"_ _fa\"> </span> (1,5<span class=\"_ _b\"/>18)<span class=\"_ _b6\"> </span> (3,582)<span class=\"_ _51\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _205\"> </span> - <span class=\"_ _df\"> </span></span> (5,100)Benefit pa<span class=\"_ _5\"/>yments from plans<span class=\"_ _c1\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _df\"> </span></span> (8,8<span class=\"_ _6\"/>62)<span class=\"_ _174\"> </span> (1<span class=\"_ _5\"/>,771<span class=\"_ _5\"/>)<span class=\"_ _9e\"> </span> (10,633)Divestment<span class=\"_ _298\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _56\"> </span> - <span class=\"_ _205\"> </span> - <span class=\"_ _df\"> </span></span><span class=\"ws1\"> (3,868)<span class=\"_ _b7\"> </span> (3,8<span class=\"_ _6\"/>68)</span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _ca\"> </span> (6,0<span class=\"_ _6\"/>59)<span class=\"_ _ac\"> </span> (4<span class=\"_ _6\"/>,358)<span class=\"_ _63\"> </span> 14<span class=\"_ _7\"/>,<span class=\"_ _6\"/>17<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _ac\"> </span><span class=\"ls118 ws10e\"> 14<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>37<span class=\"_ _6\"/> <span class=\"_ _d7\"> </span><span class=\"lsfa ws43\"> 18<span class=\"_ _6\"/>,<span class=\"_ _6\"/>29<span class=\"_ _6\"/>8<span class=\"_ _6\"/> </span></span>The current<span class=\"_ _5\"/> and non-current break<span class=\"_ _5\"/>down o<span class=\"_ _5\"/>f defined benefit pension plan is as <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>ows:2022<span class=\"_ _109\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>Non-current<span class=\"_ _299\"> </span><span class=\"lsd2 wse9\">18<span class=\"_ _6\"/>,<span class=\"_ _6\"/>271<span class=\"_ _6\"/> <span class=\"_ _51\"> </span><span class=\"ls10e ws104\">11,<span class=\"_ _7\"/>11<span class=\"_ _6\"/>8<span class=\"_ _7\"/> </span></span>Current<span class=\"_ _7b\"> </span><span class=\"lsf2 ws10e\">27<span class=\"_ _6\"/> <span class=\"_ _160\"> </span>27<span class=\"_ _6\"/> </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _270\"> </span><span class=\"lsfa ws116\">18<span class=\"_ _6\"/>,2<span class=\"_ _6\"/>9<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _76\"> </span><span class=\"lsfd ws119\">11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>4<span class=\"_ _6\"/>5<span class=\"_ _7\"/> </span></span>(A<span class=\"_ _6\"/>) EC Harris group pension scheme (ECH)Plan assets al<span class=\"_ _5\"/>locationAll inv<span class=\"_ _5\"/>ested asse<span class=\"_ _5\"/>ts shown in the tabl<span class=\"_ _5\"/>e below<span class=\"_ _5\"/> are quot<span class=\"_ _5\"/>ed.In \u20ac thousands/%<span class=\"_ _23f\"> </span>2022<span class=\"_ _176\"> </span><span class=\"ls3 ws1\">%<span class=\"_ _109\"> </span></span>2021<span class=\"_ _176\"> </span>Equities<span class=\"_ _166\"> </span>8<span class=\"_ _7\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>74<span class=\"_ _7\"/> <span class=\"_ _15b\"> </span><span class=\"ls10e ws104\">11<span class=\"_ _7\"/> <span class=\"_ _46\"> </span><span class=\"lsfb ws117\">14<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>0<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _79\"> </span></span>11<span class=\"_ _6\"/> </span>Fixed income<span class=\"_ _180\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _223\"> </span><span class=\"lsee ws11e\"> 13<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>42<span class=\"_ _6\"/> <span class=\"_ _79\"> </span><span class=\"ls10e ws104\">11<span class=\"_ _6\"/> </span></span>Property and real es<span class=\"_ _5\"/>tate<span class=\"_ _136\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>47<span class=\"_ _6\"/> <span class=\"_ _176\"> </span></span><span class=\"ls3\">2 <span class=\"_ _19a\"> </span></span> 5,29<span class=\"_ _6\"/>9 <span class=\"_ _176\"> </span><span class=\"ls3\">4 </span>Hedge funds<span class=\"_ _93\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - </span>Cash<span class=\"_ _29a\"> </span> 924<span class=\"_ _6\"/> <span class=\"_ _176\"> </span><span class=\"ls3 ws1\">1 <span class=\"_ _8d\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>87<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _176\"> </span></span>1 </span> 1Other 69,0<span class=\"_ _6\"/>05<span class=\"_ _6\"/> <span class=\"_ _160\"> </span>86 <span class=\"_ _18a\"> </span><span class=\"lsec ws112\"> 93,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>6<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _160\"> </span><span class=\"ls127 ws164\">73 </span></span>T<span class=\"_ _b\"/>otal at<span class=\"_ _5\"/> 31 December<span class=\"_ _23c\"> </span>80<span class=\"_ _6\"/>,350<span class=\"_ _8b\"> </span><span class=\"ls6f ws77\">10<span class=\"_ _6\"/>0<span class=\"_ _54\"> </span><span class=\"lsfb ws117\">12<span class=\"_ _6\"/>8<span class=\"_ _7\"/>,3<span class=\"_ _7\"/>8<span class=\"_ _6\"/>4<span class=\"_ _8b\"> </span></span>10<span class=\"_ _7\"/>0</span>1 Others include priva<span class=\"_ _5\"/>te credit,<span class=\"_ _5\"/> diversified growth funds and liabiliy driv<span class=\"_ _5\"/>en investment <span class=\"_ _5\"/>fundActuarial assumptionsThe principal actuarial assump<span class=\"_ _5\"/>tions at<span class=\"_ _5\"/> the reporting dat<span class=\"_ _5\"/>es are:In %<span class=\"_ _1e2\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span><span class=\"fs7b lscd wse4\">2021</span>Discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _29b\"> </span><span class=\"wsac\">4.9<span class=\"_ _6\"/>0 <span class=\"_ _109\"> </span>2.00<span class=\"_ _6\"/> </span>Pension increases<span class=\"_ _1ba\"> </span> 2.05<span class=\"_ _6\"/>-3.45 <span class=\"_ _39\"> </span> 2.15-3<span class=\"_ _6\"/>.60<span class=\"_ _6\"/> Retail pric<span class=\"_ _5\"/>e index inflation<span class=\"_ _1fc\"> </span> 3.40<span class=\"_ _6\"/> <span class=\"_ _3b\"> </span> 3.6<span class=\"_ _6\"/>0 Consumer pric<span class=\"_ _5\"/>e index inflation<span class=\"_ _1a4\"> </span> 2.40<span class=\"_ _6\"/> <span class=\"_ _3b\"> </span> 2.6<span class=\"_ _6\"/>0 The discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e is based on yields on UK<span class=\"_ _5\"/> AA-ra<span class=\"_ _5\"/>ted high-quality<span class=\"_ _5\"/> corpora<span class=\"_ _5\"/>te bonds,<span class=\"_ _b\"/> with dura<span class=\"_ _5\"/>tions comparable to <span class=\"_ _5\"/>the duration o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the pension plan\u2019<span class=\"_ _5\"/>s liabilities.<span class=\"_ _5\"/> Based on the assump<span class=\"_ _5\"/>tions described in this not<span class=\"_ _b\"/>e,<span class=\"_ _5\"/> these paymen<span class=\"_ _5\"/>ts have an a<span class=\"_ _5\"/>vera<span class=\"_ _5\"/>ge duration o<span class=\"_ _5\"/>f 1<span class=\"_ _b\"/>5 years.Demographic assump<span class=\"_ _5\"/>tions regarding futur<span class=\"_ _5\"/>e mor<span class=\"_ _6\"/>tality ar<span class=\"_ _5\"/>e based on published statis<span class=\"_ _5\"/>tics and mor<span class=\"_ _6\"/>tality <span class=\"_ _5\"/>tables.<span class=\"_ _b\"/> The current<span class=\"_ _5\"/> life expectancy (in <span class=\"_ _5\"/>years) underl<span class=\"_ _5\"/>ying the va<span class=\"_ _5\"/>lues of<span class=\"_ _5\"/> the liabilities in the de<span class=\"_ _5\"/>fined benefit plans are as follows: In years<span class=\"_ _29c\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span><span class=\"fs7b lscd wse4\">2<span class=\"_ _6\"/>021</span>Male<span class=\"_ _5\"/>/femal<span class=\"_ _5\"/>e currentl<span class=\"_ _5\"/>y age 65 <span class=\"_ _1cb\"> </span>22.5/ 24.9<span class=\"_ _bc\"> </span>22.4/ 24.8Male<span class=\"_ _5\"/>/femal<span class=\"_ _5\"/>e reaching age o<span class=\"_ _5\"/>f 65 in 20 years<span class=\"_ _298\"> </span>23.8/ 26.3<span class=\"_ _e4\"> </span>23.8/ 26.2Sensitivity anal<span class=\"_ _b\"/>ysisThe calcula<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the defined benefit obliga<span class=\"_ _5\"/>tion is sensitive t<span class=\"_ _5\"/>o,<span class=\"_ _b\"/> amongst o<span class=\"_ _5\"/>thers,<span class=\"_ _b\"/> the discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> ra<span class=\"_ _5\"/>te o<span class=\"_ _5\"/>f inflation and changes in <span class=\"_ _5\"/>the mor<span class=\"_ _6\"/>tality assump<span class=\"_ _b\"/>tions.<span class=\"_ _5\"/> In 2022,<span class=\"_ _0\"/> the sensitivity anal<span class=\"_ _5\"/>ysis w<span class=\"_ _5\"/>as as f<span class=\"_ _5\"/>ollows:Change in<span class=\"ls3\"> </span>Change in <span class=\"_ _9\"/><span class=\"ls3\"> </span>In % / \u20ac thousandsassumptionspension liabilityDiscount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _276\"> </span><span class=\"ls119 ws136\">0.5%<span class=\"_ _4b\"> </span></span><span class=\"wsac\">5,638<span class=\"_ _6\"/> </span>Rat<span class=\"_ _5\"/>e of in<span class=\"_ _5\"/>flation<span class=\"_ _20a\"> </span><span class=\"ls119 ws136\">0.<span class=\"_ _6\"/>5%<span class=\"_ _4b\"> </span></span><span class=\"wsac\">3,383<span class=\"_ _6\"/> </span>Life expectancy<span class=\"_ _11c\"> </span>one-year change<span class=\"_ _4b\"> </span><span class=\"wsac\">2,255</span>The sensitivity anal<span class=\"_ _b\"/>ysis as disclosed in the 20<span class=\"_ _5\"/>21 <span class=\"_ _5\"/>financial stat<span class=\"_ _b\"/>ements was as f<span class=\"_ _5\"/>ollo<span class=\"_ _5\"/>ws:Change in<span class=\"ls3\"> </span>Change in <span class=\"_ _9\"/><span class=\"ls3\"> </span>In % / \u20ac thousandsassumptionspension liabilityDiscount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _276\"> </span><span class=\"ls119 ws136\">0.5%<span class=\"_ _19a\"> </span><span class=\"ls10e ws104\">11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _7\"/>9<span class=\"_ _6\"/>5<span class=\"_ _7\"/> </span></span>Rat<span class=\"_ _5\"/>e of in<span class=\"_ _5\"/>flation<span class=\"_ _20a\"> </span><span class=\"ls119 ws136\">0.<span class=\"_ _6\"/>5%<span class=\"_ _149\"> </span></span><span class=\"wsac\">5,9<span class=\"_ _6\"/>4<span class=\"_ _6\"/>8 </span>Life expectancy<span class=\"_ _11c\"> </span>one-year change<span class=\"_ _205\"> </span><span class=\"lsf2 ws148\"> 4<span class=\"_ _6\"/>,75<span class=\"_ _6\"/>8<span class=\"_ _6\"/> </span>Defined benefit liability<span class=\"_ _5\"/> and employer<span class=\"_ _5\"/> contributionsThe Company<span class=\"_ _5\"/> expects \u20ac1.6 mil<span class=\"_ _5\"/>lion in contributions t<span class=\"_ _b\"/>o be paid to the plan in 2<span class=\"_ _5\"/>023.<span class=\"_ _b\"/> The estima<span class=\"_ _5\"/>ted net<span class=\"_ _5\"/> pension costs <span class=\"_ _5\"/>to be rec<span class=\"_ _5\"/>ognized in the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed income sta<span class=\"_ _5\"/>tement<span class=\"_ _5\"/> in 2023 amounts <span class=\"_ _5\"/>to \u20ac0.3 million,<span class=\"_ _0\"/> relating t<span class=\"_ _5\"/>o net int<span class=\"_ _5\"/>erest char<span class=\"_ _5\"/>ges.<span class=\"_ _b\"/> The estimat<span class=\"_ _5\"/>ed weigh<span class=\"_ _5\"/>ted a<span class=\"_ _5\"/>verage dur<span class=\"_ _5\"/>ation o<span class=\"_ _5\"/>f the defined benefit<span class=\"_ _5\"/> obligation is around 1<span class=\"_ _b\"/>5 years.(B) Ac<span class=\"_ _5\"/>er Group P<span class=\"_ _5\"/>ension Scheme (<span class=\"_ _6\"/>AGPS)Plan assets al<span class=\"_ _5\"/>locationAll inv<span class=\"_ _5\"/>ested asse<span class=\"_ _5\"/>ts shown in the tabl<span class=\"_ _5\"/>e below<span class=\"_ _5\"/> are quot<span class=\"_ _5\"/>ed.In \u20ac thousands / %<span class=\"_ _24c\"> </span>2<span class=\"_ _6\"/>022<span class=\"_ _176\"> </span><span class=\"ls3 ws1\">%<span class=\"_ _109\"> </span></span>2021<span class=\"_ _176\"> </span>Equities<span class=\"_ _16c\"> </span>21,3<span class=\"_ _6\"/>8<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _15b\"> </span>13<span class=\"_ _19a\"> </span><span class=\"ls3 ws1\">67<span class=\"_ _b\"/>,830 <span class=\"_ _160\"> </span><span class=\"lsf0 ws10c\">24<span class=\"_ _6\"/> </span></span>Fixed income<span class=\"_ _29d\"> </span><span class=\"ls102 ws11a\"> 1,2<span class=\"_ _6\"/>19<span class=\"_ _6\"/> <span class=\"_ _176\"> </span></span>1<span class=\"_ _46\"> </span><span class=\"ls10d ws10d\"> 45<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>92<span class=\"_ _6\"/> <span class=\"_ _15b\"> </span><span class=\"lsef ws10b\">16<span class=\"_ _6\"/> </span></span>Property and real es<span class=\"_ _5\"/>tate<span class=\"_ _135\"> </span><span class=\"ls10e ws111\"> 11,<span class=\"_ _7\"/>9<span class=\"_ _6\"/>4<span class=\"_ _6\"/>1<span class=\"_ _7\"/> <span class=\"_ _176\"> </span></span><span class=\"ls3\">7<span class=\"_ _111\"> </span><span class=\"ls10d ws10d\"> 2,<span class=\"_ _6\"/>922<span class=\"_ _6\"/> <span class=\"_ _176\"> </span></span>1 </span>Hedge funds<span class=\"_ _1b\"> </span> 88<span class=\"_ _6\"/>,535<span class=\"_ _6\"/> <span class=\"_ _160\"> </span>52<span class=\"_ _37\"> </span><span class=\"lsee ws11e\"> 13<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>6<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _160\"> </span><span class=\"ls3 ws1\">48 </span></span>Cash<span class=\"_ _216\"> </span> 1<span class=\"_ _6\"/>,<span class=\"_ _7\"/>11<span class=\"_ _6\"/>9<span class=\"_ _7\"/> <span class=\"_ _176\"> </span><span class=\"ls3 ws1\">1<span class=\"_ _111\"> </span><span class=\"ls48 ws167\"> 1,562 <span class=\"_ _176\"> </span></span>1 </span>1Others 43,5<span class=\"_ _6\"/>0<span class=\"_ _6\"/>8 <span class=\"_ _15b\"> </span>26<span class=\"_ _223\"> </span><span class=\"ls9d ws1\"> 29,258 <span class=\"_ _15b\"> </span><span class=\"lsec ws108\">10<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal at<span class=\"_ _5\"/> 31 December<span class=\"_ _29e\"> </span>1<span class=\"_ _6\"/>6<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>7<span class=\"_ _6\"/>11<span class=\"_ _159\"> </span><span class=\"ls6f ws77\">10<span class=\"_ _7\"/>0<span class=\"_ _29\"> </span><span class=\"ls117 ws134\">279<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>31<span class=\"_ _8b\"> </span></span>10<span class=\"_ _6\"/>0</span>1  Others include al<span class=\"_ _5\"/>ternatives,<span class=\"_ _b\"/> return seeking credit and insur<span class=\"_ _5\"/>ed pensionsActuarial assumptionsThe principal actuarial assump<span class=\"_ _5\"/>tions at<span class=\"_ _5\"/> the reporting dat<span class=\"_ _5\"/>es are:In %<span class=\"_ _1c0\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _83\"> </span></span><span class=\"fs7b lscd wse4\">2021</span>Discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _209\"> </span><span class=\"wsac\">4<span class=\"_ _6\"/>.9<span class=\"_ _6\"/>0 <span class=\"_ _109\"> </span>2.00<span class=\"_ _6\"/> </span>Pension increases<span class=\"_ _204\"> </span><span class=\"wsac\">2.05<span class=\"_ _6\"/>-3.45<span class=\"_ _bc\"> </span></span> 2.15-3.6<span class=\"_ _6\"/>0 Retail pric<span class=\"_ _5\"/>e index inflation<span class=\"_ _29f\"> </span><span class=\"wsac\">3.40<span class=\"_ _6\"/> <span class=\"_ _3b\"> </span></span> 3.6<span class=\"_ _6\"/>0 Consumer pric<span class=\"_ _5\"/>e index inflation<span class=\"_ _1d9\"> </span><span class=\"wsac\">2.40<span class=\"_ _133\"> </span>2.60</span>The discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e is based on yields on UK<span class=\"_ _5\"/> AA-ra<span class=\"_ _5\"/>ted high-quality<span class=\"_ _5\"/> corpora<span class=\"_ _5\"/>te bonds,<span class=\"_ _b\"/> with dura<span class=\"_ _5\"/>tions comparable to <span class=\"_ _5\"/>the duration o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the pension plan\u2019<span class=\"_ _5\"/>s liabilities.<span class=\"_ _5\"/> Based on the assump<span class=\"_ _5\"/>tions described in this not<span class=\"_ _b\"/>e,<span class=\"_ _5\"/> these paymen<span class=\"_ _5\"/>ts have an a<span class=\"_ _5\"/>vera<span class=\"_ _5\"/>ge duration o<span class=\"_ _5\"/>f 1<span class=\"_ _b\"/>5 years.Demographic assump<span class=\"_ _5\"/>tions regarding futur<span class=\"_ _5\"/>e mor<span class=\"_ _6\"/>tality ar<span class=\"_ _5\"/>e based on published statis<span class=\"_ _5\"/>tics and mor<span class=\"_ _6\"/>tality <span class=\"_ _5\"/>tables.<span class=\"_ _b\"/> The current<span class=\"_ _5\"/> life expectancy underl<span class=\"_ _b\"/>ying the val<span class=\"_ _5\"/>ues of <span class=\"_ _5\"/>the liabilities in the defined benefit plans ar<span class=\"_ _5\"/>e as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In years<span class=\"_ _29c\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span><span class=\"fs7b lscd wse4\">2<span class=\"_ _6\"/>021</span>Male<span class=\"_ _5\"/>/femal<span class=\"_ _5\"/>e currentl<span class=\"_ _5\"/>y age 65 <span class=\"_ _1cb\"> </span>22.5/ 24.8<span class=\"_ _bc\"> </span>22.4/ 24.7Male<span class=\"_ _5\"/>/femal<span class=\"_ _5\"/>e reaching age o<span class=\"_ _5\"/>f 65 in 20 years<span class=\"_ _298\"> </span>23.8/ 26.2<span class=\"_ _e4\"> </span>23.8/ 26.1Sensitivity anal<span class=\"_ _b\"/>ysis The calcula<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the defined benefit obliga<span class=\"_ _5\"/>tion is sensitive t<span class=\"_ _5\"/>o,<span class=\"_ _b\"/> amongst o<span class=\"_ _5\"/>thers,<span class=\"_ _b\"/> the discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> ra<span class=\"_ _5\"/>te o<span class=\"_ _5\"/>f inflation and changes in life e<span class=\"_ _5\"/>xpectanc<span class=\"_ _6\"/>y<span class=\"_ _b\"/>.<span class=\"_ _5\"/> In 2022,<span class=\"_ _0\"/> the sensitivity anal<span class=\"_ _b\"/>ysis was as f<span class=\"_ _b\"/>ollows:Change in<span class=\"ls3\"> </span>Change in <span class=\"_ _9\"/><span class=\"ls3\"> </span>In % / \u20ac thousandsassumptionspension liabilityDiscount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _276\"> </span><span class=\"ls119 ws136\">0.5%<span class=\"_ _c4\"> </span><span class=\"lsfb ws117\">1<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>14<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>Rat<span class=\"_ _5\"/>e of in<span class=\"_ _5\"/>flation<span class=\"_ _20a\"> </span><span class=\"ls119 ws136\">0.<span class=\"_ _6\"/>5%<span class=\"_ _4b\"> </span><span class=\"ls12d ws14f\">6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>76<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span></span>Life expectancy<span class=\"_ _1f9\"> </span>one-year incr<span class=\"_ _5\"/>ease<span class=\"_ _111\"> </span><span class=\"ls12d ws116\"> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>76<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span>The sensitivity anal<span class=\"_ _b\"/>ysis as disclosed in the 20<span class=\"_ _5\"/>21 <span class=\"_ _5\"/>financial stat<span class=\"_ _b\"/>ements was as f<span class=\"_ _5\"/>ollo<span class=\"_ _5\"/>ws:Change in<span class=\"ls3\"> </span>Change in <span class=\"_ _9\"/><span class=\"ls3\"> </span>In % / \u20ac thousandsassumptionspension liabilityDiscount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _276\"> </span><span class=\"ls119 ws136\">0.5%<span class=\"_ _170\"> </span><span class=\"ls3e ws3a\">22,<span class=\"_ _6\"/>601<span class=\"_ _6\"/> </span></span>Rat<span class=\"_ _5\"/>e of in<span class=\"_ _5\"/>flation<span class=\"_ _20a\"> </span><span class=\"ls119 ws136\">0.<span class=\"_ _6\"/>5%<span class=\"_ _170\"> </span><span class=\"lsee ws10a\">13<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>8<span class=\"_ _6\"/>5<span class=\"_ _7\"/> </span></span>Life expectancy<span class=\"_ _11c\"> </span>one-year change<span class=\"_ _223\"> </span><span class=\"ls10e ws111\"> 11<span class=\"_ _6\"/>,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>9<span class=\"_ _7\"/>5<span class=\"_ _7\"/> </span>Defined benefit liability<span class=\"_ _5\"/> and employer<span class=\"_ _5\"/> contributionsThe Group has agr<span class=\"_ _5\"/>eed that<span class=\"_ _5\"/> it wil<span class=\"_ _5\"/>l aim to elimina<span class=\"_ _b\"/>te any pension plan de<span class=\"_ _5\"/>ficit within the ne<span class=\"_ _5\"/>xt nine years.<span class=\"_ _b\"/> Theref<span class=\"_ _5\"/>ore,<span class=\"_ _0\"/> funding levels ar<span class=\"_ _5\"/>e monitored on an annua<span class=\"_ _5\"/>l basis.The Company<span class=\"_ _5\"/> expects \u20ac3.3 million in contributions <span class=\"_ _5\"/>to be paid <span class=\"_ _5\"/>to the plan in 2<span class=\"_ _5\"/>023.<span class=\"_ _b\"/> The estima<span class=\"_ _5\"/>ted net<span class=\"_ _5\"/> pension costs to be r<span class=\"_ _5\"/>ecognized in the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed income sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>t in 2023 amoun<span class=\"_ _5\"/>ts to \u20ac0.3 mil<span class=\"_ _5\"/>lion,<span class=\"_ _5\"/> rela<span class=\"_ _5\"/>ting to ne<span class=\"_ _5\"/>t int<span class=\"_ _5\"/>erest char<span class=\"_ _5\"/>ges.<span class=\"_ _b\"/> The estimat<span class=\"_ _5\"/>ed weigh<span class=\"_ _5\"/>ted a<span class=\"_ _5\"/>verage dur<span class=\"_ _5\"/>ation o<span class=\"_ _5\"/>f the defined benefit<span class=\"_ _5\"/> obligation is around 1<span class=\"_ _b\"/>5 years.(C) Arcadis ME End o<span class=\"_ _b\"/>f ser<span class=\"_ _6\"/>vice benefits (AME)Plan assetsThere is no loca<span class=\"_ _5\"/>l regulation <span class=\"_ _5\"/>that r<span class=\"_ _5\"/>equires a lev<span class=\"_ _5\"/>el of<span class=\"_ _5\"/> funding of<span class=\"_ _5\"/> the plan,<span class=\"_ _b\"/> theref<span class=\"_ _5\"/>ore no assets ha<span class=\"_ _5\"/>ve been set aside to fund these arrangemen<span class=\"_ _5\"/>ts.Actuarial assumptionsThe principal actuarial assump<span class=\"_ _5\"/>tions at<span class=\"_ _5\"/> the reporting dat<span class=\"_ _5\"/>e are:In %<span class=\"_ _1c0\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _83\"> </span></span><span class=\"fs7b lscd wse4\">2021</span>Discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _2a0\"> </span><span class=\"ws44\">4.60 - 4<span class=\"_ _6\"/>.75<span class=\"_ _e4\"> </span>0<span class=\"_ _6\"/>.70 -<span class=\"_ _b\"/> <span class=\"_ _7\"/>1.7<span class=\"_ _5\"/>5</span>Salary increases (expect<span class=\"_ _5\"/>ed,<span class=\"_ _5\"/> per annum)<span class=\"_ _21e\"> </span><span class=\"ws44\">0 - 2.0<span class=\"_ _6\"/>0<span class=\"_ _57\"> </span>0 - 2.0<span class=\"_ _6\"/>0</span>As there is no deep mark<span class=\"_ _5\"/>et in corpor<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e bonds within the Gul<span class=\"_ _5\"/>f Cooper<span class=\"_ _5\"/>ation Council (GC<span class=\"_ _5\"/>C) region and the limited number<span class=\"_ _5\"/> of go<span class=\"_ _5\"/>vernment<span class=\"_ _5\"/> bonds availabl<span class=\"_ _5\"/>e do not pr<span class=\"_ _5\"/>ovide an adequa<span class=\"_ _5\"/>te re<span class=\"_ _5\"/>ferenc<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> the discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e is based on the US <span class=\"_ _5\"/>A<span class=\"_ _6\"/>A-ra<span class=\"_ _b\"/>ted corpora<span class=\"_ _5\"/>te bond mark<span class=\"_ _5\"/>et as a pr<span class=\"_ _5\"/>oxy<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The paymen<span class=\"_ _5\"/>ts have an a<span class=\"_ _b\"/>verage dura<span class=\"_ _5\"/>tion of three y<span class=\"_ _5\"/>ears,<span class=\"_ _b\"/> which is lower<span class=\"_ _5\"/> than in previous <span class=\"_ _5\"/>years due t<span class=\"_ _5\"/>o the str<span class=\"_ _5\"/>at<span class=\"_ _5\"/>egic decision made in 202<span class=\"_ _5\"/>0 to r<span class=\"_ _5\"/>educe the foo<span class=\"_ _5\"/>tprint in <span class=\"_ _5\"/>the Middle East.<span class=\"_ _b\"/>  Demographic assump<span class=\"_ _5\"/>tions for<span class=\"_ _5\"/> mortality<span class=\"_ _5\"/>,<span class=\"_ _b\"/> withdraw<span class=\"_ _5\"/>al,<span class=\"_ _b\"/> and retirement<span class=\"_ _5\"/> are used in det<span class=\"_ _5\"/>ermining the liability<span class=\"_ _b\"/>. Because of<span class=\"_ _5\"/> the natur<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> the benefit,<span class=\"_ _b\"/> which is a lump sum pa<span class=\"_ _5\"/>yable on exit<span class=\"_ _5\"/> due to an<span class=\"_ _5\"/>y cause,<span class=\"_ _0\"/> a combined single decrement<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e has been used.<span class=\"_ _b\"/> The retir<span class=\"_ _5\"/>ement age used <span class=\"_ _5\"/>for<span class=\"_ _5\"/> the actuarial v<span class=\"_ _5\"/>alua<span class=\"_ _5\"/>tions is as fol<span class=\"_ _5\"/>lows:In years<span class=\"_ _29c\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span><span class=\"fs7b lscd wse4\">2<span class=\"_ _6\"/>021</span>Male<span class=\"_ _5\"/>/femal<span class=\"_ _5\"/>e Saudi Arabia<span class=\"_ _118\"> </span><span class=\"ls6f ws13a\">6<span class=\"_ _6\"/>0/ 55<span class=\"_ _1ae\"> </span>6<span class=\"_ _6\"/>0/<span class=\"_ _6\"/> 55</span>Male<span class=\"_ _5\"/>/femal<span class=\"_ _5\"/>e other coun<span class=\"_ _5\"/>tries<span class=\"_ _1a3\"> </span><span class=\"lsb8 ws18f\">65/ 65<span class=\"_ _1ae\"> </span>65/ 65</span>Sensitivity anal<span class=\"_ _b\"/>ysis The calcula<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the liability o<span class=\"_ _5\"/>f AME is sensitiv<span class=\"_ _5\"/>e t<span class=\"_ _5\"/>o the discount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e and salary increases.<span class=\"_ _b\"/> In 2022<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the sensitivity anal<span class=\"_ _5\"/>ysis was as fol<span class=\"_ _5\"/>lows:Change in<span class=\"ls3\"> </span>Change in <span class=\"_ _9\"/><span class=\"ls3\"> </span>In % / \u20ac thousandsassumptionspension liabilityDiscount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _276\"> </span><span class=\"ls119 ws136\">0.5%<span class=\"_ _156\"> </span>57 </span>Salary increases<span class=\"_ _74\"> </span><span class=\"ls119 ws136\">0.5%<span class=\"_ _156\"> </span><span class=\"lsf1 ws10d\">63<span class=\"_ _6\"/> </span></span>The sensitivity anal<span class=\"_ _b\"/>ysis as disclosed in the 20<span class=\"_ _5\"/>21 <span class=\"_ _5\"/>financial stat<span class=\"_ _b\"/>ements was as f<span class=\"_ _5\"/>ollo<span class=\"_ _5\"/>ws:Change in<span class=\"ls3\"> </span>Change in <span class=\"_ _9\"/><span class=\"ls3\"> </span>In % / \u20ac thousandsassumptionspension liabilityDiscount<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _276\"> </span><span class=\"ls119 ws136\">0.5%<span class=\"_ _8b\"> </span><span class=\"ls102 ws11e\">19<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>Salary increases<span class=\"_ _74\"> </span><span class=\"ls119 ws136\">0.5%<span class=\"_ _53\"> </span></span> 258 Defined benefit liability<span class=\"_ _5\"/> and employer<span class=\"_ _5\"/> contributionsThe Company<span class=\"_ _5\"/> expects \u20ac78<span class=\"_ _5\"/>1 million of<span class=\"_ _5\"/> ser<span class=\"_ _6\"/>vice cos<span class=\"_ _5\"/>ts and \u20ac469 million of in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t costs <span class=\"_ _5\"/>to be rec<span class=\"_ _5\"/>ognized in the Consolida<span class=\"_ _5\"/>ted income s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ement in 20<span class=\"_ _5\"/>23.<span class=\"_ _b\"/> The estimat<span class=\"_ _5\"/>ed weigh<span class=\"_ _5\"/>ted a<span class=\"_ _5\"/>verage dur<span class=\"_ _5\"/>ation o<span class=\"_ _5\"/>f the de<span class=\"_ _5\"/>fined benefit obligation is ar<span class=\"_ _5\"/>ound 1 year<span class=\"_ _0\"/>.(D) Other de<span class=\"_ _5\"/>fined benefit pension plansThe other<span class=\"_ _5\"/> defined benefit pension plans are individual<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> immat<span class=\"_ _5\"/>erial and mainl<span class=\"_ _5\"/>y rela<span class=\"_ _5\"/>te <span class=\"_ _5\"/>to Fr<span class=\"_ _5\"/>ance,<span class=\"_ _0\"/> Germany and the UK.<span class=\"_ _5\"/> No detailed discl<span class=\"_ _5\"/>osures f<span class=\"_ _5\"/>or these individua<span class=\"_ _5\"/>l plans are provided.<span class=\"_ _0\"/> For <span class=\"_ _5\"/>the movement<span class=\"_ _5\"/> in the balance sheet position o<span class=\"_ _b\"/>f these other<span class=\"_ _5\"/> defined benefit pension plans in t<span class=\"_ _5\"/>ota<span class=\"_ _5\"/>l we re<span class=\"_ _5\"/>fer <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the table belo<span class=\"_ _5\"/>w<span class=\"_ _b\"/>.Other de<span class=\"_ _5\"/>ferred c<span class=\"_ _5\"/>ompensation plans The other<span class=\"_ _5\"/> deferr<span class=\"_ _5\"/>ed compensation plans c<span class=\"_ _5\"/>onsist o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>owing balances:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Deferr<span class=\"_ _5\"/>ed salaries<span class=\"_ _1b4\"> </span><span class=\"ls119 ws136\">9,039 <span class=\"_ _223\"> </span><span class=\"ls10e ws104\">11<span class=\"_ _6\"/>,<span class=\"_ _7\"/>0<span class=\"_ _7\"/>0<span class=\"_ _6\"/>1<span class=\"_ _7\"/> </span></span>Future jubil<span class=\"_ _5\"/>ee payments<span class=\"_ _1f1\"> </span> 3,256 <span class=\"_ _19a\"> </span><span class=\"ls47 ws149\"> 4,6<span class=\"_ _6\"/>45 </span>Other<span class=\"_ _270\"> </span><span class=\"lsef ws11c\"> 5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>478<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span></span><span class=\"ws1\"> 5,82<span class=\"_ _6\"/>2 </span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _203\"> </span> 1<span class=\"_ _b\"/>7,773 <span class=\"_ _18a\"> </span><span class=\"ls117 ws12a\"> 21,4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>8<span class=\"_ _6\"/> </span>The movemen<span class=\"_ _5\"/>t in the o<span class=\"_ _5\"/>ther def<span class=\"_ _5\"/>erred compensa<span class=\"_ _5\"/>tion is as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _1ed\"> </span><span class=\"fc6 ls117 ws12a\"> 21,4<span class=\"_ _6\"/>69<span class=\"_ _6\"/> <span class=\"_ _a0\"> </span></span><span class=\"lsf0 ws15c\"> 19<span class=\"_ _6\"/>,<span class=\"_ _6\"/>475<span class=\"_ _6\"/> </span>Acquisitions<span class=\"_ _6a\"> </span><span class=\"ls111 ws20\"> (<span class=\"_ _6\"/>31)<span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - </span></span>Additions<span class=\"_ _225\"> </span><span class=\"ls110 ws15f\"> 81 <span class=\"_ _8d\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>18<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span></span>Amounts used/<span class=\"_ _5\"/>released<span class=\"_ _2a1\"> </span> (4,465)<span class=\"_ _52\"> </span> (25)Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _184\"> </span><span class=\"ls102 ws11a\"> 719<span class=\"_ _6\"/> <span class=\"_ _109\"> </span><span class=\"ls3 ws137\"> 834 </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _203\"> </span> 1<span class=\"_ _b\"/>7,773 <span class=\"_ _38\"> </span><span class=\"ls117 ws134\">21,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>8</span>Non-current<span class=\"_ _245\"> </span><span class=\"lsf9 ws178\"> 12,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>6<span class=\"_ _7\"/>4<span class=\"_ _6\"/> <span class=\"_ _71\"> </span><span class=\"ls10f ws129\"> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _7\"/>91<span class=\"_ _6\"/> </span></span>Current<span class=\"_ _1ec\"> </span><span class=\"ws1\"> 4,8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9 <span class=\"_ _8d\"> </span><span class=\"lsfe ws5b\"> 5,<span class=\"_ _6\"/>578<span class=\"_ _6\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _203\"> </span> 1<span class=\"_ _b\"/>7,773 <span class=\"_ _18a\"> </span><span class=\"ls117 ws12a\"> 21,4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span>Def<span class=\"_ _5\"/>erred salariesThe def<span class=\"_ _5\"/>erred salaries mainl<span class=\"_ _5\"/>y include a plan <span class=\"_ _5\"/>for<span class=\"_ _5\"/> deferr<span class=\"_ _5\"/>ed compensation o<span class=\"_ _5\"/>f our oper<span class=\"_ _5\"/>ating compan<span class=\"_ _5\"/>y in the United S<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>es.<span class=\"_ _b\"/> Management o<span class=\"_ _5\"/>f this opera<span class=\"_ _b\"/>ting company can elect no<span class=\"_ _5\"/>t <span class=\"_ _5\"/>to ha<span class=\"_ _5\"/>ve its salary paid out,<span class=\"_ _b\"/> but ra<span class=\"_ _5\"/>ther inves<span class=\"_ _5\"/>ted in a fund b<span class=\"_ _5\"/>y the C<span class=\"_ _5\"/>ompany<span class=\"_ _b\"/>,<span class=\"_ _5\"/> and is off<span class=\"_ _5\"/>ered a choice o<span class=\"_ _5\"/>f three diff<span class=\"_ _5\"/>erent portfolio <span class=\"_ _5\"/>types: risk a<span class=\"_ _5\"/>verse,<span class=\"_ _b\"/> neutral and risky<span class=\"_ _b\"/>.<span class=\"_ _b\"/> The risk is the r<span class=\"_ _5\"/>esponsibility of<span class=\"_ _5\"/> the participants.<span class=\"_ _b\"/> The relat<span class=\"_ _b\"/>ed assets are included in not<span class=\"_ _b\"/>e 20<span class=\"_ _6\"/> for<span class=\"_ _5\"/> an amount o<span class=\"_ _5\"/>f \u20ac9 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac1<span class=\"_ _b\"/>1 million).Future jubil<span class=\"_ _5\"/>ee paymentsAn amount o<span class=\"_ _b\"/>f \u20ac3.3 million is recogniz<span class=\"_ _5\"/>ed for<span class=\"_ _5\"/> future jubil<span class=\"_ _5\"/>ee payments based on <span class=\"_ _5\"/>the current a<span class=\"_ _5\"/>greements in the coll<span class=\"_ _5\"/>ective labor agreemen<span class=\"_ _5\"/>ts and the rela<span class=\"_ _5\"/>ted sta<span class=\"_ _5\"/>ff lev<span class=\"_ _5\"/>els (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac4.6 million).<span class=\"_ _5\"/> OtherOther def<span class=\"_ _b\"/>erred compensation includes \u20ac5.1 mil<span class=\"_ _5\"/>lion of l<span class=\"_ _5\"/>ong ser<span class=\"_ _6\"/>vice lea<span class=\"_ _5\"/>ve pro<span class=\"_ _5\"/>visions in Austra<span class=\"_ _5\"/>lia,<span class=\"_ _5\"/> where employ<span class=\"_ _5\"/>ees are entitled <span class=\"_ _5\"/>to long service lea<span class=\"_ _5\"/>ve aft<span class=\"_ _5\"/>er a certain number o<span class=\"_ _5\"/>f years o<span class=\"_ _5\"/>f con<span class=\"_ _5\"/>tinuous service<span class=\"_ _6\"/> (202<span class=\"_ _b\"/>1: \u20ac5.1 million).<span class=\"_ _0\"/> The time al<span class=\"_ _5\"/>lowanc<span class=\"_ _5\"/>e and conditions of<span class=\"_ _5\"/> entitlement<span class=\"_ _5\"/> are set out<span class=\"_ _5\"/> in legisla<span class=\"_ _5\"/>tion and vary by <span class=\"_ _5\"/>territ<span class=\"_ _5\"/>ory<span class=\"_ _5\"/>.<span class=\"_ _5\"/> An amount<span class=\"_ _5\"/> of<span class=\"_ _5\"/> \u20ac3.6 million is expected <span class=\"_ _5\"/>to be paid within one <span class=\"_ _5\"/>year (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac3.8 million).<span class=\"_ _b\"/> T<span class=\"_ _b\"/>ransactions with k<span class=\"_ _5\"/>ey mana<span class=\"_ _5\"/>gement personnelThe table bel<span class=\"_ _5\"/>ow specifies the <span class=\"_ _5\"/>to<span class=\"_ _5\"/>tal remunera<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> key<span class=\"_ _5\"/> management<span class=\"_ _5\"/> personnel,<span class=\"_ _5\"/> for<span class=\"_ _5\"/> the period tha<span class=\"_ _5\"/>t the<span class=\"_ _5\"/>y met the criteria,<span class=\"_ _b\"/> and for<span class=\"_ _5\"/> remunera<span class=\"_ _5\"/>tion received in <span class=\"_ _5\"/>the capacity o<span class=\"_ _5\"/>f k<span class=\"_ _5\"/>ey mana<span class=\"_ _5\"/>gement personnel.<span class=\"_ _b\"/> This includes the remunera<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the Executiv<span class=\"_ _5\"/>e Board members of<span class=\"_ _5\"/> \u20ac4.4 million (202<span class=\"_ _b\"/>1: \u20ac3.4 mil<span class=\"_ _5\"/>lion) and Super<span class=\"_ _6\"/>visory Board members of<span class=\"_ _5\"/> \u20ac0.5 million (202<span class=\"_ _b\"/>1: \u20ac0.5 million).<span class=\"_ _b\"/> F<span class=\"_ _5\"/>or the com<span class=\"ws1\">position of<span class=\"_ _5\"/> the Executiv<span class=\"_ _5\"/>e Board,<span class=\"_ _b\"/> Executive L<span class=\"_ _5\"/>eadership T<span class=\"_ _0\"/>eam and Super<span class=\"_ _6\"/>visor<span class=\"_ _6\"/>y Board in 20<span class=\"_ _5\"/>22 see </span>pages 1<span class=\"_ _0\"/>16 t<span class=\"_ _5\"/>o 1<span class=\"_ _b\"/>19<span class=\"_ _5\"/>.<span class=\"_ _b\"/> The remunera<span class=\"_ _5\"/>tion in below <span class=\"_ _5\"/>table cov<span class=\"_ _5\"/>ers the period tha<span class=\"_ _5\"/>t members qualified as k<span class=\"_ _5\"/>ey management<span class=\"_ _5\"/> personnel. In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Salary<span class=\"_ _270\"> </span><span class=\"lsf2 ws10e\">3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>70<span class=\"_ _6\"/>0<span class=\"_ _205\"> </span></span><span class=\"ws1\"> 3,4<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0 </span>Bonus<span class=\"_ _28f\"> </span><span class=\"lsf8 ws114\">2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>51<span class=\"_ _111\"> </span><span class=\"lsf6 ws10f\"> 2,4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>4 </span></span>Pension compensa<span class=\"_ _5\"/>tion<span class=\"_ _1b3\"> </span><span class=\"lsf1 ws10d\">295<span class=\"_ _53\"> </span><span class=\"lsf2 ws148\"> 327<span class=\"_ _6\"/> </span></span>Pension<span class=\"_ _2d3\"> </span><span class=\"lsf5 ws111\">179<span class=\"_ _1b7\"> </span><span class=\"lsee ws11e\"> 131<span class=\"_ _7\"/> </span></span>L<span class=\"_ _0\"/>TIP expense<span class=\"_ _1ca\"> </span><span class=\"lsf9 ws115\">4,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>0<span class=\"_ _19c\"> </span><span class=\"lsfc ws11b\"> 2,<span class=\"_ _6\"/>182<span class=\"_ _6\"/> </span></span>Fringe benefits<span class=\"_ _1ea\"> </span><span class=\"ls3e ws3a\">433<span class=\"_ _52\"> </span><span class=\"ls138 ws131\"> 366 </span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _2d3\"> </span><span class=\"lsfd ws119\">11,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>7<span class=\"_ _6\"/>8<span class=\"_ _3a\"> </span><span class=\"lsf3 ws10f\">8,950</span></span>In 2022 (and 2<span class=\"_ _5\"/>021<span class=\"_ _b\"/>) no transa<span class=\"_ _5\"/>ctions invol<span class=\"_ _5\"/>ving conflicts of in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t f<span class=\"_ _5\"/>or k<span class=\"_ _5\"/>ey managemen<span class=\"_ _5\"/>t personnel occurred which wer<span class=\"_ _5\"/>e mat<span class=\"_ _5\"/>erial t<span class=\"_ _5\"/>o the Compan<span class=\"_ _5\"/>y<span class=\"_ _b\"/>.<span class=\"_ _5\"/> In addition,<span class=\"_ _b\"/> the Company<span class=\"_ _5\"/> has not gr<span class=\"_ _5\"/>anted an<span class=\"_ _5\"/>y loans,<span class=\"_ _b\"/> advanc<span class=\"_ _5\"/>es or guarant<span class=\"_ _5\"/>ees t<span class=\"_ _5\"/>o key<span class=\"_ _5\"/> management<span class=\"_ _5\"/> personnel<span class=\"_ _6\"/>.T<span class=\"_ _b\"/>ransactions with pos<span class=\"_ _5\"/>t-employment<span class=\"_ _5\"/> benefit plansThe main post-emplo<span class=\"_ _5\"/>yment benefit plans ar<span class=\"_ _5\"/>e the pension funds o<span class=\"_ _5\"/>f EC Harris (ECH) and Hyder<span class=\"_ _5\"/> (AGPS).<span class=\"_ _5\"/> In 2022 <span class=\"_ _5\"/>the Company<span class=\"_ _5\"/> contribut<span class=\"_ _5\"/>ed \u20ac1.5 million (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac1.8 million) <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the plan of EC Harris,<span class=\"_ _0\"/> \u20ac3.6 million to <span class=\"_ _5\"/>the plan of<span class=\"_ _5\"/> Hyder (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac3.3 million),<span class=\"_ _b\"/> and nil to o<span class=\"_ _5\"/>ther defined benefit plans (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac0.2 million),<span class=\"_ _b\"/> see note 2<span class=\"_ _5\"/>8. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__167": {
   "value": "Provisions are recognized when there is a present obligation (legal or constructive) as a result of a past event, a reliable estimate can be made of the amount of the obligation, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are measured at net present value, taking into account the timing of the cash outflows. The discount rate used reflects the current market assessments of the time value of money and the risks specific to the liability. Unwinding of the discount is recognized as a finance expense (see note 11).The amounts recognized as provisions reflect management\u2019s best estimate of the expenditures required to settle the present obligations at the balance sheet date or to transfer it to a third party at that time.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__73": {
   "value": "In \u20ac thousands<span class=\"_ _43\"> </span>Restructuring<span class=\"_ _147\"> </span>Litigation<span class=\"_ _108\"> </span>Restora<span class=\"_ _5\"/>tion<span class=\"_ _d2\"> </span>Other<span class=\"_ _114\"> </span><span class=\"ff1 ls163 ws193\">To<span class=\"_ _6\"/>t<span class=\"_ _6\"/>a<span class=\"_ _7\"/>l</span>Balance a<span class=\"_ _5\"/>t 1 January 2021 <span class=\"_ _f9\"> </span> 2<span class=\"_ _7\"/>,<span class=\"_ _6\"/>11<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _d7\"> </span><span class=\"ls3 ws137\"> 20,644 <span class=\"_ _e5\"> </span></span> 6,262<span class=\"_ _6\"/> <span class=\"_ _a9\"> </span><span class=\"ls147 ws172\"> 7,<span class=\"_ _7\"/>8<span class=\"_ _6\"/>1<span class=\"_ _6\"/>2<span class=\"_ _7\"/> <span class=\"_ _d7\"> </span></span> 36,8<span class=\"_ _6\"/>34 Additions<span class=\"_ _84\"> </span> 3,<span class=\"_ _5\"/>623 <span class=\"_ _b6\"> </span><span class=\"ls10e ws111\"> 11,<span class=\"_ _7\"/>41<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _19a\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _39\"> </span></span> 2<span class=\"_ _7\"/>,<span class=\"_ _6\"/>117<span class=\"_ _7\"/> <span class=\"_ _b6\"> </span><span class=\"lsed ws163\"> 17,<span class=\"_ _7\"/>1<span class=\"_ _6\"/>5<span class=\"_ _7\"/>0<span class=\"_ _7\"/> </span></span>Amounts used<span class=\"_ _2a2\"> </span> (2,758)<span class=\"_ _b6\"> </span> (1,933<span class=\"_ _5\"/>)<span class=\"_ _170\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _b2\"> </span></span> (1,321<span class=\"_ _b\"/>)<span class=\"_ _174\"> </span> (6,012<span class=\"_ _5\"/>)Release o<span class=\"_ _5\"/>f unused amounts<span class=\"_ _150\"> </span><span class=\"ls3e ws132\"> (79<span class=\"_ _6\"/>8)<span class=\"_ _b6\"> </span></span> (2,798)<span class=\"_ _170\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _a9\"> </span></span> (3,379)<span class=\"_ _b7\"> </span> (6<span class=\"_ _6\"/>,975)Reclassifications<span class=\"_ _165\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _b2\"> </span></span> (1,1<span class=\"_ _5\"/>72)<span class=\"_ _e5\"> </span><span class=\"lsef ws11c\"> 1,6<span class=\"_ _6\"/>52<span class=\"_ _6\"/> <span class=\"_ _d3\"> </span><span class=\"ls3 ws137\"> 48<span class=\"_ _6\"/>0 </span></span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _1b0\"> </span><span class=\"ls110 ws15f\"> 81 <span class=\"_ _55\"> </span> 353 <span class=\"_ _4d\"> </span></span> (251<span class=\"_ _5\"/>)<span class=\"_ _bc\"> </span><span class=\"ls5b ws138\"> 220 <span class=\"_ _55\"> </span><span class=\"ls119 ws17c\"> 4<span class=\"_ _6\"/>03 </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2021 <span class=\"_ _2a3\"> </span>2,26<span class=\"_ _6\"/>4<span class=\"_ _b3\"> </span><span class=\"ls147 ws163\">2<span class=\"_ _6\"/>7,<span class=\"_ _6\"/>6<span class=\"_ _7\"/>7<span class=\"_ _6\"/>6<span class=\"_ _d2\"> </span></span>4,839<span class=\"_ _bc\"> </span><span class=\"ls147 ws163\">7,<span class=\"_ _7\"/>1<span class=\"_ _6\"/>0<span class=\"_ _6\"/>1<span class=\"_ _e5\"> </span><span class=\"ls141 ws16b\">4<span class=\"_ _b\"/>1,<span class=\"_ _5\"/>880</span></span>Additions<span class=\"_ _84\"> </span> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>618<span class=\"_ _6\"/> <span class=\"_ _b2\"> </span> 7,<span class=\"_ _7\"/>9<span class=\"_ _7\"/>2<span class=\"_ _6\"/>7<span class=\"_ _7\"/> <span class=\"_ _d3\"> </span> 866 <span class=\"_ _b3\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>39<span class=\"_ _7\"/>9 <span class=\"_ _ac\"> </span> 16<span class=\"_ _6\"/>,<span class=\"_ _6\"/>810<span class=\"_ _6\"/> </span>Amounts used<span class=\"_ _2a2\"> </span> (3,138)<span class=\"_ _b7\"> </span> (2,238)<span class=\"_ _e0\"> </span> (330)<span class=\"_ _e0\"> </span><span class=\"ls10c ws136\"> (8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>3)<span class=\"_ _b7\"> </span></span> (6,5<span class=\"_ _6\"/>09)Release o<span class=\"_ _5\"/>f unused amounts<span class=\"_ _150\"> </span><span class=\"ls119 ws17c\"> (28<span class=\"_ _6\"/>6)<span class=\"_ _b7\"> </span></span> (2,6<span class=\"_ _6\"/>89)<span class=\"_ _18a\"> </span> (1)<span class=\"_ _d4\"> </span><span class=\"ls57 ws164\"> (6<span class=\"_ _6\"/>54)<span class=\"_ _b6\"> </span></span> (3,630)Reclassifications<span class=\"_ _165\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _19c\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _49\"> </span> 354 <span class=\"_ _4d\"> </span><span class=\"ls111 ws20\"> (<span class=\"_ _6\"/>10<span class=\"_ _6\"/>1)<span class=\"_ _d3\"> </span><span class=\"ls110 ws15f\"> 2<span class=\"_ _6\"/>53 </span></span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _1b0\"> </span> 37 <span class=\"_ _d3\"> </span> 28<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _4d\"> </span> (<span class=\"_ _7\"/>119<span class=\"_ _7\"/>)<span class=\"_ _39\"> </span><span class=\"lsee ws11e\"> (<span class=\"_ _6\"/>13<span class=\"_ _6\"/>2<span class=\"_ _6\"/>)<span class=\"_ _48\"> </span><span class=\"lsf7 ws17f\"> 74<span class=\"_ _7\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _2a3\"> </span>5,495<span class=\"_ _d9\"> </span>30,9<span class=\"_ _6\"/>6<span class=\"_ _6\"/>4<span class=\"_ _e0\"> </span>5,<span class=\"_ _b\"/>609<span class=\"_ _d4\"> </span><span class=\"ls6f ws77\">6,<span class=\"_ _6\"/>810<span class=\"_ _df\"> </span><span class=\"ls144 ws16f\">48<span class=\"_ _6\"/>,878</span></span>Non-current<span class=\"_ _26e\"> </span> 503 <span class=\"_ _ac\"> </span> 26<span class=\"_ _6\"/>,27<span class=\"_ _6\"/>2 <span class=\"_ _a9\"> </span> 4,70<span class=\"_ _6\"/>2 <span class=\"_ _a9\"> </span><span class=\"lsef ws11c\"> 5<span class=\"_ _6\"/>,316<span class=\"_ _6\"/> <span class=\"_ _63\"> </span><span class=\"ls3e ws132\"> 36<span class=\"_ _6\"/>,79<span class=\"_ _6\"/>4 </span></span>Current<span class=\"_ _90\"> </span> 4,<span class=\"_ _6\"/>991<span class=\"_ _6\"/> <span class=\"_ _b3\"> </span> 4,<span class=\"_ _6\"/>692<span class=\"_ _6\"/> <span class=\"_ _d3\"> </span> 9<span class=\"_ _6\"/>07<span class=\"_ _6\"/> <span class=\"_ _b3\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>49<span class=\"_ _7\"/>4 <span class=\"_ _63\"> </span><span class=\"ls13b ws198\"> 1<span class=\"_ _5\"/>2,<span class=\"_ _5\"/>084 </span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1a1\"> </span>5,495<span class=\"_ _d9\"> </span>30<span class=\"_ _6\"/>,96<span class=\"_ _6\"/>4<span class=\"_ _e0\"> </span>5,<span class=\"_ _5\"/>609<span class=\"_ _e0\"> </span><span class=\"ls6f ws77\">6<span class=\"_ _6\"/>,810<span class=\"_ _df\"> </span><span class=\"ls144 ws16f\">48<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>78</span></span>Res<span class=\"_ _5\"/>tructuringProvisions <span class=\"_ _5\"/>for r<span class=\"_ _5\"/>estructuring include costs r<span class=\"_ _5\"/>elat<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o certain staff compensa<span class=\"_ _5\"/>tion and costs directl<span class=\"_ _5\"/>y rela<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>to the existing plans <span class=\"_ _5\"/>to ex<span class=\"_ _5\"/>ecute r<span class=\"_ _5\"/>estructurings,<span class=\"_ _b\"/> mainly in Middl<span class=\"_ _5\"/>e East,<span class=\"_ _b\"/> CallisonRTKL<span class=\"_ _5\"/> and Continen<span class=\"_ _5\"/>tal Europe<span class=\"_ _5\"/>.<span class=\"_ _5\"/> A provision is onl<span class=\"_ _b\"/>y recognized onc<span class=\"_ _5\"/>e the decision t<span class=\"_ _5\"/>o ex<span class=\"_ _5\"/>ecute said res<span class=\"_ _5\"/>tructuring has been taken,<span class=\"_ _b\"/> its costs can be reasonabl<span class=\"_ _5\"/>y and f<span class=\"_ _5\"/>airly<span class=\"_ _5\"/> estima<span class=\"_ _5\"/>ted,<span class=\"_ _b\"/> and its intended e<span class=\"_ _5\"/>xecution has been announced.<span class=\"_ _b\"/> LitigationClients o<span class=\"_ _5\"/>f Arca<span class=\"_ _5\"/>dis sometimes claim,<span class=\"_ _b\"/> justified or not,<span class=\"_ _0\"/> that<span class=\"_ _5\"/> they ar<span class=\"_ _5\"/>e not sa<span class=\"_ _b\"/>tisfied with the services provided by the Company<span class=\"_ _0\"/>.<span class=\"_ _5\"/> While <span class=\"_ _5\"/>the outcome o<span class=\"_ _5\"/>f these claims canno<span class=\"_ _b\"/>t be predicted with c<span class=\"_ _5\"/>er<span class=\"_ _6\"/>tainty<span class=\"_ _b\"/>,<span class=\"_ _b\"/> management believ<span class=\"_ _5\"/>es that,<span class=\"_ _0\"/> based on (external) a<span class=\"_ _5\"/>dvisors and informa<span class=\"_ _5\"/>tion received,<span class=\"_ _0\"/> the provision o<span class=\"_ _5\"/>f \u20ac3<span class=\"_ _5\"/>1 million (202<span class=\"_ _b\"/>1: \u20ac2<span class=\"_ _b\"/>7<span class=\"_ _b\"/>.7 million) is the best<span class=\"_ _5\"/> estimat<span class=\"_ _b\"/>e of the po<span class=\"_ _b\"/>tential <span class=\"_ _5\"/>financial risk<span class=\"_ _6\"/>,<span class=\"_ _b\"/> net o<span class=\"_ _5\"/>f insurance c<span class=\"_ _5\"/>overa<span class=\"_ _5\"/>ge.<span class=\"_ _b\"/> These insurance policies incl<span class=\"_ _5\"/>ude a global pr<span class=\"_ _5\"/>of<span class=\"_ _5\"/>essional liability insuranc<span class=\"_ _5\"/>e and in addition,<span class=\"_ _b\"/> local insurance in a number<span class=\"_ _5\"/> of<span class=\"_ _5\"/> countries.<span class=\"_ _b\"/> In general,<span class=\"_ _5\"/> these insurance policies ha<span class=\"_ _5\"/>ve a sel<span class=\"_ _5\"/>f-<span class=\"_ _b\"/> insured ret<span class=\"_ _5\"/>ention and a maximum pay<span class=\"_ _5\"/>-out lev<span class=\"_ _5\"/>el.Outstanding litiga<span class=\"_ _5\"/>tion (including the pro<span class=\"_ _5\"/>visions,<span class=\"_ _b\"/> defense costs and r<span class=\"_ _5\"/>eimbursement c<span class=\"_ _5\"/>overa<span class=\"_ _5\"/>ge) is review<span class=\"_ _5\"/>ed<span class=\"_ _6\"/> periodicall<span class=\"_ _b\"/>y and revisions are ma<span class=\"_ _5\"/>de when necessary<span class=\"_ _b\"/>.<span class=\"_ _5\"/> Since the out<span class=\"_ _5\"/>come cannot<span class=\"_ _5\"/> be predicted <span class=\"_ _5\"/>with certainty and settlemen<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> claims could <span class=\"_ _5\"/>take sev<span class=\"_ _5\"/>eral y<span class=\"_ _5\"/>ears,<span class=\"_ _5\"/> final settl<span class=\"_ _5\"/>ement c<span class=\"_ _5\"/>ould differ <span class=\"_ _5\"/>from this best<span class=\"_ _5\"/> estima<span class=\"_ _5\"/>te.F<span class=\"_ _5\"/>or IBI and DPS acquisitions,<span class=\"_ _0\"/> the Group has conducted a pr<span class=\"_ _5\"/>eliminar<span class=\"_ _6\"/>y assessment<span class=\"_ _5\"/> of<span class=\"_ _5\"/> the pot<span class=\"_ _5\"/>ential c<span class=\"_ _5\"/>ontingent liabilities and will c<span class=\"_ _5\"/>ontinue t<span class=\"_ _5\"/>o review<span class=\"_ _5\"/> these ma<span class=\"_ _5\"/>tters during the measur<span class=\"_ _5\"/>ement period.<span class=\"_ _b\"/> See not<span class=\"_ _5\"/>e 6 f<span class=\"_ _5\"/>or further details on business combina<span class=\"_ _5\"/>tion disclosures.<span class=\"_ _b\"/> Further inf<span class=\"_ _5\"/>ormation ordinaril<span class=\"_ _b\"/>y required b<span class=\"_ _5\"/>y IAS 37 has no<span class=\"_ _5\"/>t been disclosed on <span class=\"_ _5\"/>the grounds tha<span class=\"_ _5\"/>t it can be expected <span class=\"_ _5\"/>to seriousl<span class=\"_ _5\"/>y prejudic<span class=\"_ _5\"/>e the out<span class=\"_ _5\"/>come of<span class=\"_ _5\"/> the disputes.Res<span class=\"_ _5\"/>tora<span class=\"_ _5\"/>tion provision <span class=\"_ _5\"/>for<span class=\"_ _5\"/> leased assetsF<span class=\"_ _5\"/>or lease con<span class=\"_ _5\"/>tracts tha<span class=\"_ _5\"/>t require <span class=\"_ _5\"/>the Company<span class=\"_ _5\"/> to main<span class=\"_ _5\"/>tain an underlying asse<span class=\"_ _5\"/>t during the l<span class=\"_ _5\"/>ease term and/<span class=\"_ _b\"/>or rest<span class=\"_ _5\"/>ore it <span class=\"_ _5\"/>to its original c<span class=\"_ _5\"/>ondition befor<span class=\"_ _5\"/>e returning <span class=\"_ _5\"/>to the l<span class=\"_ _5\"/>essor at<span class=\"_ _5\"/> the end o<span class=\"_ _5\"/>f the lease<span class=\"_ _5\"/>,<span class=\"_ _b\"/> a restor<span class=\"_ _5\"/>ation pro<span class=\"_ _5\"/>vision is recogniz<span class=\"_ _5\"/>ed when the obliga<span class=\"_ _5\"/>tion arises.<span class=\"_ _b\"/> For <span class=\"_ _5\"/>the same amount a right<span class=\"_ _5\"/>-of-use asse<span class=\"_ _5\"/>t is recogniz<span class=\"_ _5\"/>ed and deprecia<span class=\"_ _5\"/>ted ov<span class=\"_ _5\"/>er the lease <span class=\"_ _5\"/>term.<span class=\"_ _0\"/> The discount r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e used is the Incrementa<span class=\"_ _5\"/>l Borrowing Ra<span class=\"_ _5\"/>te.OtherThe cat<span class=\"_ _5\"/>egory other pr<span class=\"_ _5\"/>ovisions include individual<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> immat<span class=\"_ _5\"/>erial items,<span class=\"_ _0\"/> and the Company<span class=\"_ _5\"/> expects that<span class=\"_ _5\"/> they<span class=\"_ _5\"/> will be substantivel<span class=\"_ _b\"/>y used within <span class=\"_ _6\"/>one to five years.<span class=\"_ _b\"/> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__169": {
   "value": "Interest-bearing debts are measured at amortized cost, in which the difference between the proceeds and repayments over time is charged to profit or loss over their duration. The portion of long-term debt that has to be repaid within one year after the balance sheet date is presented as the current portion of long-term debt under current liabilities.All other financial liabilities are recognized on the trade date at which the Company becomes a party to the contractual provisions of the instrument. Non-derivative financial liabilities include loans and borrowings, bank overdrafts, trade and other payables. Initially these liabilities are recognized at fair value plus the directly attributable transaction costs. Subsequently these financial liabilities are measured at amortized cost using the effective interest method.Bank overdrafts that are repayable on demand and that form an integral part of the Group\u2019s cash management are included as a component of cash and cash equivalents for the statement of cash flows.Fair value, which is determined for disclosure purposes, is calculated based on the present value of future cash flows, discounted at the Company specific market rate of interest at reporting date.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__74": {
   "value": "Loans and borro<span class=\"_ _5\"/>wings at 3<span class=\"_ _b\"/>1 December are as <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>ows:Interest rates In \u20ac thousandsbetween<span class=\"_ _83\"> </span><span class=\"ff1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span><span class=\"fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>Short-term bank<span class=\"_ _5\"/> loans<span class=\"_ _93\"> </span>1.2% -<span class=\"_ _5\"/> <span class=\"_ _6\"/>3<span class=\"_ _6\"/>.5%<span class=\"_ _51\"> </span><span class=\"ls48 ws132\">56,230<span class=\"_ _19a\"> </span><span class=\"lsfc ws118\">75,<span class=\"_ _6\"/>531<span class=\"_ _6\"/> </span></span>Long-t<span class=\"_ _5\"/>erm bank loans<span class=\"_ _166\"> </span>1<span class=\"_ _5\"/>.2% -<span class=\"_ _5\"/> <span class=\"_ _6\"/>6<span class=\"_ _6\"/>.5%<span class=\"_ _54\"> </span><span class=\"lsfe ws11a\">878<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0<span class=\"_ _a0\"> </span><span class=\"lsed ws109\">1<span class=\"_ _6\"/>8<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>5<span class=\"_ _7\"/>0<span class=\"_ _6\"/>7<span class=\"_ _7\"/> </span></span>Debentures<span class=\"_ _c9\"> </span>6.5%<span class=\"_ _19a\"> </span><span class=\"lsf9 ws115\">2<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>1<span class=\"_ _42\"> </span><span class=\"ls14a ws1a0\">- </span></span>1Other long-<span class=\"_ _5\"/>term debt<span class=\"_ _5\"/> 3.0% - 6<span class=\"_ _6\"/>.9%<span class=\"_ _3b\"> </span><span class=\"ls3 ws1\">3,1<span class=\"_ _b\"/>34 <span class=\"_ _64\"> </span><span class=\"ls14a ws1a0\">- </span></span>Short-term borr<span class=\"_ _5\"/>owings<span class=\"_ _214\"> </span>0% - 4<span class=\"_ _6\"/>.2%<span class=\"_ _23b\"> </span><span class=\"ls14a ws1a0\">- <span class=\"_ _1b7\"> </span><span class=\"ls128 ws148\">525<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal loans and borro<span class=\"_ _5\"/>wings<span class=\"_ _177\"> </span><span class=\"lsec ws108\">9<span class=\"_ _6\"/>5<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,16<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _194\"> </span><span class=\"ls13e ws168\">263,567 </span></span> 2Current56,230<span class=\"_ _c4\"> </span><span class=\"ls12d ws14f\">76<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>57<span class=\"_ _6\"/> </span>Non-current<span class=\"_ _1a9\"> </span><span class=\"lsef ws10b\">901,<span class=\"_ _6\"/>93<span class=\"_ _6\"/>5<span class=\"_ _13e\"> </span><span class=\"lsed ws109\">1<span class=\"_ _7\"/>8<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>5<span class=\"_ _6\"/>1<span class=\"_ _6\"/>0<span class=\"_ _7\"> </span> </span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1ef\"> </span><span class=\"lsec ws108\">9<span class=\"_ _6\"/>58<span class=\"_ _6\"/>,<span class=\"_ _6\"/>16<span class=\"_ _6\"/>5 <span class=\"_ _194\"> </span><span class=\"ls13e ws168\">263,567 </span></span>1 Including ret<span class=\"_ _5\"/>entions and expected def<span class=\"_ _5\"/>erred consideration no<span class=\"_ _5\"/>t due within one y<span class=\"_ _5\"/>ear<span class=\"_ _5\"/>,<span class=\"_ _5\"/> amounting to \u20ac3.1 mil<span class=\"_ _5\"/>lon (2021<span class=\"_ _5\"/>: \u20ac0.0 million)2 Excluding de<span class=\"_ _5\"/>ferred considera<span class=\"_ _5\"/>tion for a<span class=\"_ _5\"/>cquisitions,<span class=\"_ _5\"/> see note 6 <span class=\"_ _b\"/> <span class=\"_ _38\"> </span> The movemen<span class=\"_ _5\"/>t in non-current l<span class=\"_ _5\"/>oans and borrowings is as f<span class=\"_ _b\"/>ollows:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _2a4\"> </span><span class=\"ls147 ws172\"> 1<span class=\"_ _6\"/>8<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>1<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _14c\"> </span><span class=\"ls3 ws137\"> 400,96<span class=\"_ _6\"/>4 </span></span>New deb<span class=\"_ _5\"/>t<span class=\"_ _1bc\"> </span><span class=\"wsac\">7<span class=\"_ _5\"/>47<span class=\"_ _b\"/>,277<span class=\"_ _9d\"> </span><span class=\"ls14a ws137\"> - </span></span>Accrued int<span class=\"_ _5\"/>erest<span class=\"_ _2a5\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _161\"> </span></span> (56<span class=\"_ _6\"/>0)Redemp<span class=\"_ _5\"/>tions<span class=\"_ _1d7\"> </span><span class=\"ws1\"> (1<span class=\"_ _b\"/>9,256<span class=\"_ _6\"/>)<span class=\"_ _d5\"> </span> (37<span class=\"_ _b\"/>,267)</span>Acquisitions<span class=\"_ _1ea\"> </span><span class=\"lsed ws109\">4<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>1<span class=\"_ _6\"/>9<span class=\"_ _7\"/>8<span class=\"_ _7\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - </span></span>From l<span class=\"_ _5\"/>ong-term t<span class=\"_ _5\"/>o current<span class=\"_ _5\"/> position other long-<span class=\"_ _5\"/>term<span class=\"_ _2a6\"> </span> (56,921<span class=\"_ _5\"/>)<span class=\"_ _55\"> </span> (1<span class=\"_ _5\"/>77<span class=\"_ _b\"/>,9<span class=\"_ _6\"/>47)Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _280\"> </span> (3,873)<span class=\"_ _c4\"> </span><span class=\"ls100 ws16d\"> 2<span class=\"_ _6\"/>,320<span class=\"_ _6\"/> </span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _21f\"> </span><span class=\"ls101 ws11d\">9<span class=\"_ _7\"/>01,93<span class=\"_ _6\"/>5 <span class=\"_ _49\"> </span><span class=\"ls147 ws172\"> 18<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>1<span class=\"_ _7\"/>0<span class=\"_ _6\"/> </span></span>The non-current l<span class=\"_ _5\"/>oans and borrowings include an amoun<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> \u20ac3.3 million at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 202<span class=\"_ _5\"/>2 corresponding <span class=\"_ _5\"/>to long-<span class=\"_ _5\"/>term def<span class=\"_ _b\"/>erred consideration (see no<span class=\"_ _b\"/>te 6).<span class=\"_ _b\"/> The shor<span class=\"_ _6\"/>t-<span class=\"_ _5\"/>term part reclassification is present<span class=\"_ _5\"/>ed within <span class=\"_ _b\"/>\u201cOther curren<span class=\"_ _5\"/>t liabilities\u201d<span class=\"_ _b\"/> (see not<span class=\"_ _5\"/>e 3<span class=\"_ _5\"/>1<span class=\"_ _5\"/>).<span class=\"_ _5\"/> Aggrega<span class=\"_ _5\"/>te ma<span class=\"_ _5\"/>turities of non-curren<span class=\"_ _5\"/>t loans and borro<span class=\"_ _5\"/>wings are as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s: In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>022023<span class=\"_ _6\"/> <span class=\"_ _2a7\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _46\"> </span><span class=\"ls6f ws13a\"> 55<span class=\"_ _6\"/>,65<span class=\"_ _6\"/>2 </span></span>20<span class=\"_ _6\"/>24 <span class=\"_ _1e3\"> </span><span class=\"lsf7 ws113\">749<span class=\"_ _7\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>5<span class=\"_ _7\"/>5<span class=\"_ _9a\"> </span><span class=\"ls14a ws137\"> - </span></span>2025<span class=\"_ _6\"/> <span class=\"_ _1de\"> </span><span class=\"lsf8 wse9\"> 9<span class=\"_ _7\"/>9,<span class=\"_ _6\"/>51<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _a0\"> </span><span class=\"lsec ws112\"> 79,<span class=\"_ _6\"/>393<span class=\"_ _6\"/> </span></span>2026<span class=\"_ _6\"/> <span class=\"_ _2a7\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - </span>2027<span class=\"_ _6\"/> <span class=\"_ _1de\"> </span><span class=\"ls128 ws18d\"> 52,466<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span> 52,<span class=\"_ _6\"/>465<span class=\"_ _6\"/> </span>After 2<span class=\"_ _6\"/>027<span class=\"_ _6\"/> <span class=\"_ _2a8\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - </span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _119\"> </span><span class=\"ls101 ws11d\">9<span class=\"_ _6\"/>01,9<span class=\"_ _6\"/>35<span class=\"_ _48\"> </span><span class=\"ls147 ws172\"> 1<span class=\"_ _7\"/>8<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>51<span class=\"_ _7\"/>0<span class=\"_ _6\"/> </span></span>The movemen<span class=\"_ _5\"/>t in short-t<span class=\"_ _5\"/>erm debts and curren<span class=\"_ _5\"/>t portion of long-<span class=\"_ _5\"/>term deb<span class=\"_ _5\"/>ts is as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _1ed\"> </span><span class=\"lsf0 ws15c\"> 76,0<span class=\"_ _7\"/>57 <span class=\"_ _18a\"> </span></span> 99,4<span class=\"_ _6\"/>02 New deb<span class=\"_ _5\"/>t<span class=\"_ _29b\"> </span><span class=\"ls102 ws11e\">19<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>4<span class=\"_ _6\"/>5<span class=\"_ _46\"> </span></span> 20<span class=\"_ _6\"/>,566<span class=\"_ _6\"/> Acquisitions<span class=\"_ _f6\"> </span><span class=\"lsee ws10a\">13<span class=\"_ _6\"/>,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>8<span class=\"_ _6\"/>6<span class=\"_ _a1\"> </span><span class=\"ls3 ws1\">-</span></span>Redemp<span class=\"_ _5\"/>tions<span class=\"_ _2a9\"> </span><span class=\"ws1\"> (284,9<span class=\"_ _6\"/>07)<span class=\"_ _bc\"> </span> (225,31<span class=\"_ _5\"/>7)</span>Other<span class=\"_ _2aa\"> </span><span class=\"lsfc ws118\">731</span>From l<span class=\"_ _5\"/>ong-term t<span class=\"_ _5\"/>o current<span class=\"_ _5\"/> position other long-<span class=\"_ _5\"/>term<span class=\"_ _19e\"> </span><span class=\"lsf0 ws10c\">56<span class=\"_ _6\"/>,<span class=\"_ _6\"/>921<span class=\"_ _54\"> </span></span> 177<span class=\"_ _b\"/>,947 Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _2a1\"> </span><span class=\"lsf8 wse9\"> (3<span class=\"_ _6\"/>41)<span class=\"_ _19a\"> </span><span class=\"ls6f ws13a\"> 3<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>59 </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _203\"> </span><span class=\"wsac\">5<span class=\"_ _6\"/>6,23<span class=\"_ _6\"/>0 <span class=\"_ _18a\"> </span><span class=\"lsf0 ws15c\"> 76<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>57<span class=\"_ _6\"/> </span></span>Fair valueThe fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> the Group<span class=\"_ _5\"/>\u2019s loans and borr<span class=\"_ _5\"/>owings has been estima<span class=\"_ _5\"/>ted a<span class=\"_ _5\"/>t \u20ac95<span class=\"_ _b\"/>1.9 million,<span class=\"_ _b\"/> based on quot<span class=\"_ _5\"/>ed marke<span class=\"_ _5\"/>t prices f<span class=\"_ _b\"/>or the similar l<span class=\"_ _5\"/>oans or on the Group <span class=\"_ _5\"/>for<span class=\"_ _5\"/> debt curr<span class=\"_ _5\"/>ent ra<span class=\"_ _b\"/>tes t<span class=\"_ _5\"/>o same or with similar<span class=\"_ _5\"/> maturities (202<span class=\"_ _b\"/>1 \u20ac26 4.2 million).Long T<span class=\"_ _0\"/>erm loansSchuldschein loansIn May<span class=\"_ _5\"/> 2022,<span class=\"_ _0\"/> \u20ac6<span class=\"_ _6\"/>4.0 million of<span class=\"_ _5\"/> fixed ra<span class=\"_ _5\"/>te Schul<span class=\"_ _5\"/>dschein loans wer<span class=\"_ _5\"/>e repaid in acc<span class=\"_ _5\"/>ordance with <span class=\"_ _5\"/>the contra<span class=\"_ _5\"/>ctual repa<span class=\"_ _5\"/>yment schedule<span class=\"_ _5\"/>.<span class=\"_ _5\"/> In October 2<span class=\"_ _5\"/>022,<span class=\"_ _b\"/> $9.0 million (\u20ac8.6 million) o<span class=\"_ _5\"/>f floa<span class=\"_ _5\"/>ting ra<span class=\"_ _5\"/>te Schuldschein l<span class=\"_ _5\"/>oans and $4.0 million (\u20ac3.8 million) of<span class=\"_ _5\"/> fixed ra<span class=\"_ _b\"/>te Schuldschein loans <span class=\"_ _5\"/>were repaid in a<span class=\"_ _5\"/>ccordanc<span class=\"_ _5\"/>e with the con<span class=\"_ _5\"/>tractual repa<span class=\"_ _b\"/>yment schedule.A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the non-current portion of<span class=\"_ _5\"/> long-t<span class=\"_ _5\"/>erm debt incl<span class=\"_ _5\"/>udes a t<span class=\"_ _5\"/>otal o<span class=\"_ _5\"/>f Schuldschein deb<span class=\"_ _5\"/>t in the amount o<span class=\"_ _b\"/>f \u20ac1<span class=\"_ _5\"/>33.0 million ma<span class=\"_ _5\"/>turing in 2025 and 20<span class=\"_ _5\"/>27<span class=\"_ _0\"/>.<span class=\"_ _b\"/> The current<span class=\"_ _5\"/> por<span class=\"_ _6\"/>tion includes \u20ac40.0 million and \u20ac1<span class=\"_ _b\"/>7<span class=\"_ _b\"/>.0<span class=\"_ _6\"/> million o<span class=\"_ _5\"/>f Schuldschein loans,<span class=\"_ _0\"/> from 201<span class=\"_ _b\"/>5 and 2020,<span class=\"_ _b\"/> respectivel<span class=\"_ _5\"/>y<span class=\"_ _b\"/>. Debt<span class=\"_ _5\"/> from business combina<span class=\"_ _b\"/>tion<span class=\"_ _6\"/> In Sept<span class=\"_ _5\"/>ember 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the Group ac<span class=\"_ _5\"/>quired IBI Group and assumed loans <span class=\"_ _5\"/>for \u20ac5<span class=\"_ _b\"/>1.8 mil<span class=\"_ _5\"/>lion which includes cr<span class=\"_ _5\"/>edit facilities <span class=\"_ _5\"/>for \u20ac1<span class=\"_ _0\"/>3.8 million and Debentures f<span class=\"_ _5\"/>or \u20ac33.4 mil<span class=\"_ _5\"/>lion.<span class=\"_ _b\"/> The credit <span class=\"_ _5\"/>facilities ha<span class=\"_ _5\"/>ve been repaid aft<span class=\"_ _5\"/>er the transaction da<span class=\"_ _5\"/>te.<span class=\"_ _b\"/> On 2 October 2<span class=\"_ _5\"/>020,<span class=\"_ _b\"/> IBI Group issued 6.5% senior<span class=\"_ _0\"/>,<span class=\"_ _5\"/> unsecured Debentur<span class=\"_ _5\"/>es of CAD 46.0 million with a ma<span class=\"_ _5\"/>turity dat<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 202<span class=\"_ _5\"/>5.<span class=\"_ _5\"/> The Debentur<span class=\"_ _5\"/>es are list<span class=\"_ _5\"/>ed on the T<span class=\"_ _0\"/>oronto S<span class=\"_ _5\"/>tock<span class=\"_ _5\"/> Exchange (\u201cTSX\u201d) under<span class=\"_ _5\"/> the symbol \"IBG.DB.E\".<span class=\"_ _b\"/> F<span class=\"_ _5\"/>ollowing <span class=\"_ _5\"/>the change of c<span class=\"_ _5\"/>ontrol o<span class=\"_ _5\"/>f IBI Group and in ac<span class=\"_ _5\"/>cordance <span class=\"_ _5\"/>with the t<span class=\"_ _5\"/>erms and conditions o<span class=\"_ _5\"/>f the Debentures,<span class=\"_ _0\"/> an offer <span class=\"_ _5\"/>to purchase an<span class=\"_ _5\"/>y and al<span class=\"_ _5\"/>l outstanding Debentures,<span class=\"_ _b\"/> in whole or<span class=\"_ _5\"/> in part in cash,<span class=\"_ _5\"/> at<span class=\"_ _5\"/> a price equal t<span class=\"_ _b\"/>o 10<span class=\"_ _6\"/>0% of the principa<span class=\"_ _5\"/>l amount o<span class=\"_ _5\"/>f the Deben<span class=\"_ _5\"/>tures plus ac<span class=\"_ _5\"/>crued and unpaid inter<span class=\"_ _5\"/>est,<span class=\"_ _b\"/> has been made t<span class=\"_ _5\"/>o the holders.<span class=\"_ _b\"/> Consequentl<span class=\"_ _b\"/>y<span class=\"_ _5\"/>,<span class=\"_ _b\"/> an amount of<span class=\"_ _5\"/> \u20ac10.2 million has been r<span class=\"_ _5\"/>epaid.<span class=\"_ _5\"/> On or aft<span class=\"_ _5\"/>er 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>23,<span class=\"_ _b\"/> but prior <span class=\"_ _5\"/>to 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>24,<span class=\"_ _b\"/> the 6.5% Debentur<span class=\"_ _5\"/>es are redeemable<span class=\"_ _5\"/>,<span class=\"_ _b\"/> in whole or in part fr<span class=\"_ _5\"/>om time t<span class=\"_ _5\"/>o time a<span class=\"_ _5\"/>t the option o<span class=\"_ _5\"/>f the Gr<span class=\"_ _5\"/>oup at<span class=\"_ _5\"/> a price equal t<span class=\"_ _5\"/>o 10<span class=\"_ _5\"/>3.25% o<span class=\"_ _5\"/>f the principa<span class=\"_ _5\"/>l amount o<span class=\"_ _5\"/>f the Debentur<span class=\"_ _5\"/>es redeemed plus accrued and unpaid in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t.<span class=\"_ _5\"/> On or aft<span class=\"_ _5\"/>er 3<span class=\"_ _5\"/>1 December 3<span class=\"_ _b\"/>1 2024 but<span class=\"_ _5\"/> prior t<span class=\"_ _5\"/>o the ma<span class=\"_ _5\"/>turity dat<span class=\"_ _5\"/>e of <span class=\"_ _5\"/><span class=\"ls3\"> </span>3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>25,<span class=\"_ _b\"/> the Debentures are r<span class=\"_ _5\"/>edeemable at<span class=\"_ _5\"/> a price equal t<span class=\"_ _b\"/>o their principal amount<span class=\"_ _5\"/> plus accrued and unpaid int<span class=\"_ _5\"/>erest.<span class=\"_ _b\"/> On redemption or<span class=\"_ _5\"/> at<span class=\"_ _5\"/> maturity on Dec<span class=\"_ _5\"/>ember 3<span class=\"_ _5\"/>1,<span class=\"_ _0\"/> 2025,<span class=\"_ _b\"/> the Group wil<span class=\"_ _5\"/>l repay<span class=\"_ _5\"/> the debentures in cash.<span class=\"_ _b\"/> A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the non-current portion of<span class=\"_ _5\"/> long-t<span class=\"_ _5\"/>erm debt incl<span class=\"_ _5\"/>udes \u20ac 20.1 million of<span class=\"_ _5\"/> Debentures.<span class=\"_ _b\"/> In December 2<span class=\"_ _5\"/>022,<span class=\"_ _b\"/> the Group a<span class=\"_ _5\"/>cquired DPS Group and assumed l<span class=\"_ _5\"/>oans for<span class=\"_ _5\"/> \u20ac9.0 million,<span class=\"_ _b\"/> including a T<span class=\"_ _0\"/>erm loan facility<span class=\"_ _5\"/> for<span class=\"_ _5\"/> \u20ac4.0 million and Re<span class=\"_ _5\"/>vol<span class=\"_ _5\"/>ving credit f<span class=\"_ _5\"/>acility <span class=\"_ _5\"/>for \u20ac5.0 mil<span class=\"_ _5\"/>lion.<span class=\"_ _5\"/> These loans ha<span class=\"_ _b\"/>ve been full<span class=\"_ _5\"/>y repaid a<span class=\"_ _5\"/>fter the transaction dat<span class=\"_ _5\"/>e.Bridge loan facility An underwritten bridge loan f<span class=\"_ _5\"/>acility o<span class=\"_ _5\"/>f \u20ac7<span class=\"_ _5\"/>50.0 million was arranged in <span class=\"_ _b\"/>July<span class=\"_ _5\"/> 2022 f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>the acquisition o<span class=\"_ _5\"/>f both IBI Group and DPS Group<span class=\"_ _5\"/>.<span class=\"_ _b\"/> This bridge loan fa<span class=\"_ _5\"/>cility w<span class=\"_ _5\"/>as further syndicat<span class=\"_ _b\"/>ed out to a <span class=\"_ _5\"/>wider group o<span class=\"_ _5\"/>f int<span class=\"_ _5\"/>ernational and r<span class=\"_ _5\"/>eputable rela<span class=\"_ _5\"/>tionship banks.<span class=\"_ _5\"/> The bridge loan has a <span class=\"_ _5\"/>term o<span class=\"_ _5\"/>f 1 y<span class=\"_ _5\"/>ear (maturity<span class=\"_ _5\"/> in Sept<span class=\"_ _5\"/>ember 20<span class=\"_ _5\"/>23) o<span class=\"_ _5\"/>f which <span class=\"_ _5\"/>Arcadis NV<span class=\"_ _5\"/> has the irrev<span class=\"_ _5\"/>ocable right <span class=\"_ _5\"/>to ext<span class=\"_ _b\"/>end twice by six<span class=\"_ _5\"/> months.<span class=\"_ _b\"/> The pricing is based on EURIBOR,<span class=\"_ _b\"/> with a margin tha<span class=\"_ _5\"/>t increases e<span class=\"_ _5\"/>very 3 months.<span class=\"_ _b\"/> The bridge loan <span class=\"_ _5\"/>facility o<span class=\"_ _5\"/>f \u20ac7<span class=\"_ _5\"/>50.0 million is classified as a long-t<span class=\"_ _5\"/>erm debt.Financing f<span class=\"_ _5\"/>ees associat<span class=\"_ _5\"/>ed with arranging <span class=\"_ _5\"/>the loan fa<span class=\"_ _5\"/>cility amount<span class=\"_ _5\"/>ed to \u20ac 2<span class=\"_ _5\"/>.7 million.<span class=\"_ _5\"/> Short T<span class=\"_ _b\"/>erm Credit fa<span class=\"_ _5\"/>cilitiesThe t<span class=\"_ _5\"/>otal a<span class=\"_ _5\"/>vailable short-<span class=\"_ _5\"/>term credit<span class=\"_ _5\"/> facilities amoun<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o \u20ac37<span class=\"_ _5\"/>9.7 million,<span class=\"_ _b\"/> which include a<span class=\"_ _5\"/>ll uncommitt<span class=\"_ _5\"/>ed credit facilities,<span class=\"_ _0\"/> bank guarant<span class=\"_ _5\"/>ee facilities and sur<span class=\"_ _5\"/>ety bond lines <span class=\"_ _5\"/>with financial institutions o<span class=\"_ _5\"/>f which \u20ac1<span class=\"_ _b\"/>58<span class=\"_ _6\"/>.3 million has been used as per 3<span class=\"_ _5\"/>1 December 2<span class=\"_ _5\"/>022 (202<span class=\"_ _b\"/>1: \u20ac3<span class=\"_ _5\"/>29.6 million and \u20ac1<span class=\"_ _b\"/>42.1 million r<span class=\"_ _5\"/>espectively).<span class=\"_ _b\"/> The Group has short-t<span class=\"_ _5\"/>erm uncommitted cr<span class=\"_ _5\"/>edit f<span class=\"_ _5\"/>acilities of<span class=\"_ _5\"/> \u20ac1<span class=\"_ _5\"/>20.0 million with r<span class=\"_ _5\"/>elationship banks and thr<span class=\"_ _5\"/>ee bank guaran<span class=\"_ _5\"/>tee f<span class=\"_ _5\"/>acilities t<span class=\"_ _5\"/>ota<span class=\"_ _5\"/>ling \u20ac76.2 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac100.0 million and \u20ac63.7 million,<span class=\"_ _b\"/> respectivel<span class=\"_ _5\"/>y).<span class=\"_ _b\"/> These short-t<span class=\"_ _5\"/>erm credit f<span class=\"_ _5\"/>acilities are used f<span class=\"_ _b\"/>or the financing of<span class=\"_ _5\"/> working capita<span class=\"_ _5\"/>l and general corpor<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e purposes of <span class=\"_ _5\"/>the Group.<span class=\"_ _b\"/> By<span class=\"_ _5\"/> the end of<span class=\"_ _5\"/> the y<span class=\"_ _5\"/>ear 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> the to<span class=\"_ _5\"/>tal amount<span class=\"_ _5\"/> of<span class=\"_ _5\"/> bank guarant<span class=\"_ _5\"/>ees and lett<span class=\"_ _5\"/>ers of<span class=\"_ _5\"/> credit <span class=\"_ _5\"/>that <span class=\"_ _5\"/>were outstanding under <span class=\"_ _5\"/>the \u20ac76.2 million guar<span class=\"_ _5\"/>antee <span class=\"_ _5\"/>facilities amount<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o \u20ac4<span class=\"_ _5\"/>1.3 mil<span class=\"_ _5\"/>lion (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac42.1 mil<span class=\"_ _5\"/>lion).<span class=\"_ _5\"/> Additional<span class=\"_ _5\"/>ly<span class=\"_ _0\"/>, there w<span class=\"_ _5\"/>ere other<span class=\"_ _5\"/> outstanding bank guar<span class=\"_ _5\"/>antees,<span class=\"_ _0\"/> letters o<span class=\"_ _5\"/>f credit<span class=\"_ _5\"/> and surety bonds amoun<span class=\"_ _5\"/>ting t<span class=\"_ _5\"/>o \u20ac107<span class=\"_ _0\"/>.1 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac99.2 million).Interest ratesThe int<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e ranges f<span class=\"_ _5\"/>or the <span class=\"_ _5\"/>to<span class=\"_ _5\"/>tal loans and borro<span class=\"_ _5\"/>wings are as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>020<span class=\"_ _7\"/>%<span class=\"_ _6\"/> - <span class=\"_ _6\"/>4<span class=\"_ _7\"/>%<span class=\"_ _2ab\"> </span><span class=\"lsf7 ws113\">8<span class=\"_ _6\"/>74<span class=\"_ _7\"/>,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>4<span class=\"_ _7\"/>4<span class=\"_ _18a\"> </span><span class=\"lsfa ws116\">263<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>42<span class=\"_ _6\"/> </span></span>3<span class=\"_ _6\"/>%<span class=\"_ _7\"/> - <span class=\"_ _6\"/>7<span class=\"_ _6\"/>%<span class=\"_ _266\"> </span><span class=\"lsf9 ws115\">8<span class=\"_ _7\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>1<span class=\"_ _6\"/> <span class=\"_ _133\"> </span><span class=\"ls128 ws148\">525<span class=\"_ _6\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _21f\"> </span><span class=\"lsec ws108\">9<span class=\"_ _6\"/>58<span class=\"_ _6\"/>,<span class=\"_ _6\"/>16<span class=\"_ _6\"/>5<span class=\"_ _54\"> </span><span class=\"ls13e ws168\">263<span class=\"_ _6\"/>,567 </span></span>1W<span class=\"_ _5\"/>eighted a<span class=\"_ _5\"/>verage int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e 2.8<span class=\"_ _6\"/>%<span class=\"_ _101\"> </span><span class=\"lsfe ws11a\">1.<span class=\"_ _6\"/>9<span class=\"_ _6\"/>%</span>1 On inter<span class=\"_ _5\"/>est-bearing debt (incl<span class=\"_ _5\"/>uding the interes<span class=\"_ _5\"/>t effect o<span class=\"_ _5\"/>f swaps)The increase in the buck<span class=\"_ _b\"/>et of<span class=\"_ _5\"/> 3<span class=\"_ _6\"/>-7% is caused by<span class=\"_ _5\"/> Schuldschein loans with <span class=\"_ _5\"/>floating int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> and IBI debentures.Financial co<span class=\"_ _5\"/>venantsThe lev<span class=\"_ _5\"/>erage co<span class=\"_ _5\"/>venant <span class=\"_ _5\"/>for<span class=\"_ _5\"/> the \u20ac750.0 million bridge l<span class=\"_ _5\"/>oan,<span class=\"_ _b\"/> the Schuldschein loans and the \u20ac500.0 million syndica<span class=\"_ _5\"/>ted Re<span class=\"_ _5\"/>vol<span class=\"_ _5\"/>ving Credit F<span class=\"_ _5\"/>acility and a<span class=\"_ _5\"/>ll the remaining Schul<span class=\"_ _5\"/>dschein loans prescribes <span class=\"_ _5\"/>that <span class=\"_ _5\"/>the aver<span class=\"_ _5\"/>age net debt<span class=\"_ _5\"/> to EBITD<span class=\"_ _5\"/>A ra<span class=\"_ _5\"/>tio is not<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o exceed <span class=\"_ _5\"/>the maximum of 3.5,<span class=\"_ _0\"/> which is confirmed t<span class=\"_ _5\"/>o the Lenders <span class=\"_ _5\"/>twice a year<span class=\"_ _3\"/>. This lev<span class=\"_ _5\"/>erage co<span class=\"_ _5\"/>venant is a<span class=\"_ _5\"/>ligned to IFRS 1<span class=\"_ _b\"/>6.<span class=\"_ _5\"/> A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 the av<span class=\"_ _5\"/>erage net<span class=\"_ _5\"/> debt<span class=\"_ _5\"/> to EBITD<span class=\"_ _5\"/>A ra<span class=\"_ _5\"/>tio calcula<span class=\"_ _5\"/>ted in a<span class=\"_ _5\"/>ccordanc<span class=\"_ _5\"/>e with the credit<span class=\"_ _5\"/> documenta<span class=\"_ _5\"/>tion of <span class=\"_ _5\"/>the Schuldschein loans and the \u20ac500.0 million syndica<span class=\"_ _5\"/>ted Re<span class=\"_ _5\"/>vol<span class=\"_ _5\"/>ving Credit <span class=\"_ _5\"/>facility is 1<span class=\"_ _b\"/>.6<span class=\"_ _6\"/>.<span class=\"_ _b\"/> No other <span class=\"_ _5\"/>financial covenants e<span class=\"_ _5\"/>xist <span class=\"_ _5\"/>for <span class=\"_ _5\"/>these credit <span class=\"_ _5\"/>facilities.<span class=\"_ _b\"/> All outstanding Schul<span class=\"_ _5\"/>dschein loans and the syndica<span class=\"_ _5\"/>ted R<span class=\"_ _5\"/>evol<span class=\"_ _b\"/>ving Credit Fa<span class=\"_ _5\"/>cility do no<span class=\"_ _5\"/>t longer c<span class=\"_ _5\"/>ontain an interest cove<span class=\"_ _6\"/>rage rati<span class=\"_ _6\"/>o.<span class=\"_ _5\"/> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__171": {
   "value": "Other current liabilities are non-derivative financial liabilities, which are initially recognized at fair value plus directly attributable transaction costs. Subsequently these financial liabilities are measured at amortized cost using the effective interest method.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__102": {
   "value": "Other current liabilities are non-derivative financial liabilities, which are initially recognized at fair value plus directly attributable transaction costs. Subsequently these financial liabilities are measured at amortized cost using the effective interest method.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__77": {
   "value": "In \u20ac thousands<span class=\"_ _105\"> </span>Note<span class=\"_ _101\"> </span><span class=\"fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _1aa\"> </span><span class=\"lsed ws163\"> 3<span class=\"_ _7\"/>3<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"> </span>4<span class=\"_ _4\"> </span>8<span class=\"_ _7\"/> <span class=\"_ _49\"> </span><span class=\"ls10e ws111\"> 23<span class=\"_ _7\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>11<span class=\"_ _6\"/> </span></span>Accrued expenses<span class=\"_ _1f3\"> </span><span class=\"lsec ws112\"> 10<span class=\"_ _6\"/>1,10<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _a0\"> </span><span class=\"lsf7 ws17f\"> 5<span class=\"_ _7\"/>8<span class=\"_ _6\"/>,<span class=\"_ _7\"/>742<span class=\"_ _7\"/> </span></span>Payabl<span class=\"_ _5\"/>es to employees<span class=\"_ _2ac\"> </span><span class=\"ls102 ws11a\"> 193<span class=\"_ _6\"/>,2<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _db\"> </span><span class=\"ls3 ws137\"> 184,34<span class=\"_ _5\"/>5 </span></span>T<span class=\"_ _b\"/>axes and social security con<span class=\"_ _5\"/>tributions<span class=\"_ _2ad\"> </span><span class=\"lsef ws11c\"> 9<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>478<span class=\"_ _6\"/> <span class=\"_ _a0\"> </span><span class=\"lsf9 ws178\"> 8<span class=\"_ _7\"/>9,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>1<span class=\"_ _6\"/> </span></span>After<span class=\"_ _5\"/>-payments rela<span class=\"_ _5\"/>ting to a<span class=\"_ _5\"/>cquisitions6<span class=\"_ _111\"> </span><span class=\"fs7b ls9d wsac\">3<span class=\"_ _6\"/>,98<span class=\"_ _6\"/>8 <span class=\"_ _83\"> </span><span class=\"ls12d ws116\"> 476<span class=\"_ _6\"/> </span></span>Other liabilities<span class=\"_ _20d\"> </span><span class=\"lsfc ws118\">6<span class=\"_ _7\"/>0,<span class=\"_ _6\"/>18<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span><span class=\"ls128 ws18d\"> 54,<span class=\"_ _6\"/>522 </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _21f\"> </span><span class=\"wsac\">792<span class=\"_ _6\"/>,891<span class=\"_ _71\"> </span><span class=\"ls14d ws1a5\">61<span class=\"_ _6\"/>9<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>17<span class=\"_ _6\"/> </span></span>Of <span class=\"_ _5\"/>the to<span class=\"_ _5\"/>tal ac<span class=\"_ _5\"/>counts pa<span class=\"_ _5\"/>yable appro<span class=\"_ _5\"/>ximat<span class=\"_ _5\"/>ely<span class=\"_ _5\"/> 35% is subject <span class=\"_ _5\"/>to a so-called <span class=\"_ _0\"/>\u2018paid-when-paid\u2019<span class=\"_ _0\"/> clause (2021<span class=\"_ _b\"/>: 45%).<span class=\"_ _0\"/> The expectation is tha<span class=\"_ _b\"/>t all ac<span class=\"_ _5\"/>counts pa<span class=\"_ _5\"/>yable wil<span class=\"_ _5\"/>l be paid within the normal c<span class=\"_ _5\"/>ourse of<span class=\"_ _5\"/> business and are theref<span class=\"_ _5\"/>ore classified as short-term liabilities.<span class=\"_ _0\"/> Further informa<span class=\"_ _5\"/>tion about <span class=\"_ _5\"/>Arcadis\u2019<span class=\"_ _0\"/> exposure t<span class=\"_ _5\"/>o liquidity risk is included in no<span class=\"_ _5\"/>te 32<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Other liabilities include <span class=\"_ _5\"/>various accrued liabilities,<span class=\"_ _0\"/> such as to be paid oc<span class=\"_ _5\"/>cupancy costs,<span class=\"_ _b\"/> insurance cos<span class=\"_ _5\"/>ts and int<span class=\"_ _5\"/>erest c<span class=\"_ _5\"/>osts.<span class=\"_ _b\"/> Any l<span class=\"_ _5\"/>ease incentives (\u2018t<span class=\"_ _5\"/>enant impro<span class=\"_ _5\"/>vement a<span class=\"_ _5\"/>llow<span class=\"_ _5\"/>ances\u2019) rec<span class=\"_ _5\"/>eived are part o<span class=\"_ _5\"/>f the right<span class=\"_ _5\"/>-of-use asset,<span class=\"_ _b\"/> see not<span class=\"_ _5\"/>e 16.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__76": {
   "value": "In \u20ac thousands Note 2022 202Accounts payable  337,8 4 8   232,211 Accrued expenses  101,108   58,742 Payables to employees  193,280   184,345 Taxes and social security contributions  96,478   89,121 After-payments relating to acquisitions6 3,988   476 Other liabilities 60,189   54,522 Balance at 31 December 792,891 619,417 Of the total accounts payable approximately 35% is subject to a so-called \u2018paid-when-paid\u2019 clause (2021: 45%). The expectation is that all accounts payable will be paid within the normal course of business and are therefore classified as short-term liabilities. Further information about Arcadis\u2019 exposure to liquidity risk is included in note 32.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__75": {
   "value": "In \u20ac thousands<span class=\"_ _105\"> </span>Note<span class=\"_ _101\"> </span><span class=\"fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _1aa\"> </span><span class=\"lsed ws163\"> 3<span class=\"_ _7\"/>3<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"> </span>4<span class=\"_ _4\"> </span>8<span class=\"_ _7\"/> <span class=\"_ _49\"> </span><span class=\"ls10e ws111\"> 23<span class=\"_ _7\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>11<span class=\"_ _6\"/> </span></span>Accrued expenses<span class=\"_ _1f3\"> </span><span class=\"lsec ws112\"> 10<span class=\"_ _6\"/>1,10<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _a0\"> </span><span class=\"lsf7 ws17f\"> 5<span class=\"_ _7\"/>8<span class=\"_ _6\"/>,<span class=\"_ _7\"/>742<span class=\"_ _7\"/> </span></span>Payabl<span class=\"_ _5\"/>es to employees<span class=\"_ _2ac\"> </span><span class=\"ls102 ws11a\"> 193<span class=\"_ _6\"/>,2<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _db\"> </span><span class=\"ls3 ws137\"> 184,34<span class=\"_ _5\"/>5 </span></span>T<span class=\"_ _b\"/>axes and social security con<span class=\"_ _5\"/>tributions<span class=\"_ _2ad\"> </span><span class=\"lsef ws11c\"> 9<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>478<span class=\"_ _6\"/> <span class=\"_ _a0\"> </span><span class=\"lsf9 ws178\"> 8<span class=\"_ _7\"/>9,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>1<span class=\"_ _6\"/> </span></span>After<span class=\"_ _5\"/>-payments rela<span class=\"_ _5\"/>ting to a<span class=\"_ _5\"/>cquisitions6<span class=\"_ _111\"> </span><span class=\"fs7b ls9d wsac\">3<span class=\"_ _6\"/>,98<span class=\"_ _6\"/>8 <span class=\"_ _83\"> </span><span class=\"ls12d ws116\"> 476<span class=\"_ _6\"/> </span></span>Other liabilities<span class=\"_ _20d\"> </span><span class=\"lsfc ws118\">6<span class=\"_ _7\"/>0,<span class=\"_ _6\"/>18<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span><span class=\"ls128 ws18d\"> 54,<span class=\"_ _6\"/>522 </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _21f\"> </span><span class=\"wsac\">792<span class=\"_ _6\"/>,891<span class=\"_ _71\"> </span><span class=\"ls14d ws1a5\">61<span class=\"_ _6\"/>9<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>17<span class=\"_ _6\"/> </span></span>Of <span class=\"_ _5\"/>the to<span class=\"_ _5\"/>tal ac<span class=\"_ _5\"/>counts pa<span class=\"_ _5\"/>yable appro<span class=\"_ _5\"/>ximat<span class=\"_ _5\"/>ely<span class=\"_ _5\"/> 35% is subject <span class=\"_ _5\"/>to a so-called <span class=\"_ _0\"/>\u2018paid-when-paid\u2019<span class=\"_ _0\"/> clause (2021<span class=\"_ _b\"/>: 45%).<span class=\"_ _0\"/> The expectation is tha<span class=\"_ _b\"/>t all ac<span class=\"_ _5\"/>counts pa<span class=\"_ _5\"/>yable wil<span class=\"_ _5\"/>l be paid within the normal c<span class=\"_ _5\"/>ourse of<span class=\"_ _5\"/> business and are theref<span class=\"_ _5\"/>ore classified as short-term liabilities.<span class=\"_ _0\"/> Further informa<span class=\"_ _5\"/>tion about <span class=\"_ _5\"/>Arcadis\u2019<span class=\"_ _0\"/> exposure t<span class=\"_ _5\"/>o liquidity risk is included in no<span class=\"_ _5\"/>te 32<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Other liabilities include <span class=\"_ _5\"/>various accrued liabilities,<span class=\"_ _0\"/> such as to be paid oc<span class=\"_ _5\"/>cupancy costs,<span class=\"_ _b\"/> insurance cos<span class=\"_ _5\"/>ts and int<span class=\"_ _5\"/>erest c<span class=\"_ _5\"/>osts.<span class=\"_ _b\"/> Any l<span class=\"_ _5\"/>ease incentives (\u2018t<span class=\"_ _5\"/>enant impro<span class=\"_ _5\"/>vement a<span class=\"_ _5\"/>llow<span class=\"_ _5\"/>ances\u2019) rec<span class=\"_ _5\"/>eived are part o<span class=\"_ _5\"/>f the right<span class=\"_ _5\"/>-of-use asset,<span class=\"_ _b\"/> see not<span class=\"_ _5\"/>e 16.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__78": {
   "value": "32 <span class=\"_ _2\"> </span>Capital and financial risk<span class=\"_ _5\"/> managementArcadis<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> activities expose the Group t<span class=\"_ _b\"/>o a variety o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>financial risks,<span class=\"_ _5\"/> including (A) credit risks,<span class=\"_ _b\"/> (B) liquidity risks,<span class=\"_ _b\"/> and (C) market<span class=\"_ _5\"/> risks.These risks are inheren<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o the w<span class=\"_ _5\"/>ay <span class=\"_ _5\"/>the Group opera<span class=\"_ _5\"/>tes as a mul<span class=\"_ _b\"/>tinational with l<span class=\"_ _5\"/>ocall<span class=\"_ _5\"/>y opera<span class=\"_ _5\"/>ting subsidiaries.<span class=\"_ _5\"/> The Executiv<span class=\"_ _5\"/>e Board is responsible <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the design and functioning of<span class=\"_ _5\"/> the int<span class=\"_ _5\"/>ernal risk mana<span class=\"_ _5\"/>gement sy<span class=\"_ _5\"/>stems.<span class=\"_ _b\"/> The day<span class=\"_ _b\"/>-to-day risk<span class=\"_ _5\"/> management a<span class=\"_ _5\"/>ctivities relat<span class=\"_ _5\"/>ed to <span class=\"_ _5\"/>the financial risk mana<span class=\"_ _5\"/>gement ar<span class=\"_ _5\"/>e carried out by Arcadis Gr<span class=\"_ _5\"/>oup T<span class=\"_ _b\"/>reasury<span class=\"_ _5\"/>,<span class=\"_ _5\"/> in line with <span class=\"_ _5\"/>the guiding principles of<span class=\"_ _5\"/> the Group <span class=\"_ _5\"/>T<span class=\"_ _5\"/>reasury Policy<span class=\"_ _b\"/>,<span class=\"_ _5\"/> as updat<span class=\"_ _5\"/>ed and approv<span class=\"_ _5\"/>ed by the Ex<span class=\"_ _b\"/>ecutive Board in May<span class=\"_ _5\"/> 202<span class=\"_ _5\"/>1.Arcadis <span class=\"_ _5\"/>Audit and Risk C<span class=\"_ _5\"/>ommittee ov<span class=\"_ _5\"/>ersees how managemen<span class=\"_ _5\"/>t monit<span class=\"_ _5\"/>ors compliance with <span class=\"_ _5\"/>the Group risk management<span class=\"_ _5\"/> policies and procedures,<span class=\"_ _0\"/> and the Arca<span class=\"_ _5\"/>dis control <span class=\"_ _5\"/>framework.<span class=\"_ _b\"/> It also re<span class=\"_ _5\"/>views the a<span class=\"_ _5\"/>dequacy o<span class=\"_ _5\"/>f the risk managemen<span class=\"_ _5\"/>t fr<span class=\"_ _5\"/>amework in r<span class=\"_ _5\"/>elation t<span class=\"_ _b\"/>o the risks fac<span class=\"_ _5\"/>ed by <span class=\"_ _5\"/>the Group.(A<span class=\"_ _6\"/>) Credit risksCredit risk<span class=\"_ _5\"/> arises from r<span class=\"_ _5\"/>eceivables <span class=\"_ _5\"/>from cust<span class=\"_ _5\"/>omers as well as cash ba<span class=\"_ _5\"/>lances and fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lues of<span class=\"_ _5\"/> derivativ<span class=\"_ _5\"/>es with financial count<span class=\"_ _5\"/>erparties (e.g.<span class=\"_ _b\"/> banks).<span class=\"_ _b\"/> The credit risk on cus<span class=\"_ _5\"/>tomers is influenc<span class=\"_ _5\"/>ed mainly<span class=\"_ _5\"/> by <span class=\"_ _5\"/>the individual charact<span class=\"_ _5\"/>eristics of<span class=\"_ _5\"/> each cust<span class=\"_ _5\"/>omer<span class=\"_ _0\"/>.<span class=\"_ _5\"/> Arcadis usua<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y invoic<span class=\"_ _5\"/>es clients f<span class=\"_ _5\"/>or services acc<span class=\"_ _5\"/>ording t<span class=\"_ _5\"/>o the progress o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the work.<span class=\"_ _b\"/> If clients refuse or<span class=\"_ _5\"/> are unable <span class=\"_ _5\"/>to meet<span class=\"_ _5\"/> their c<span class=\"_ _5\"/>ontractual pa<span class=\"_ _5\"/>yment obliga<span class=\"_ _5\"/>tions,<span class=\"_ _b\"/> the Group ma<span class=\"_ _5\"/>y not<span class=\"_ _5\"/> have sufficient cash t<span class=\"_ _5\"/>o satisfy<span class=\"_ _5\"/> its liabilities and its growth and continued oper<span class=\"_ _5\"/>ations coul<span class=\"_ _5\"/>d be adversel<span class=\"_ _5\"/>y impact<span class=\"_ _5\"/>ed.The ke<span class=\"_ _5\"/>y objective of<span class=\"_ _5\"/> the Group<span class=\"_ _b\"/>\u2019s count<span class=\"_ _5\"/>erpar<span class=\"_ _6\"/>ty risk mana<span class=\"_ _5\"/>gement is <span class=\"_ _5\"/>to minimize <span class=\"_ _5\"/>the risk of<span class=\"_ _5\"/> losses as a resul<span class=\"_ _b\"/>t of failur<span class=\"_ _5\"/>e of an individua<span class=\"_ _5\"/>l financial count<span class=\"_ _b\"/>erpar<span class=\"_ _6\"/>ty tha<span class=\"_ _5\"/>t could nega<span class=\"_ _5\"/>tivel<span class=\"_ _5\"/>y impact<span class=\"_ _5\"/> the Group<span class=\"_ _5\"/>\u2019s resul<span class=\"_ _b\"/>ts.<span class=\"_ _5\"/> Arca<span class=\"_ _5\"/>dis aims to centr<span class=\"_ _5\"/>alize cash balanc<span class=\"_ _5\"/>es with banks tha<span class=\"_ _5\"/>t ha<span class=\"_ _5\"/>ve also pro<span class=\"_ _5\"/>vided committed credit<span class=\"_ _5\"/> fa<span class=\"_ _5\"/>cilities to <span class=\"_ _5\"/>the Group in order to r<span class=\"_ _5\"/>educe this coun<span class=\"_ _5\"/>terparty risk.The exposure <span class=\"_ _5\"/>to credit<span class=\"_ _5\"/> risk is monit<span class=\"_ _5\"/>ored on an ongoing basis at<span class=\"_ _5\"/> local entity<span class=\"_ _5\"/> and at gr<span class=\"_ _5\"/>oup level.<span class=\"_ _b\"/> Normall<span class=\"_ _b\"/>y<span class=\"_ _5\"/>,<span class=\"_ _5\"/> Arcadis onl<span class=\"_ _b\"/>y deals with c<span class=\"_ _5\"/>ounterparties tha<span class=\"_ _5\"/>t hav<span class=\"_ _5\"/>e a suff<span class=\"_ _6\"/>icientl<span class=\"_ _5\"/>y str<span class=\"_ _5\"/>ong credit ra<span class=\"_ _b\"/>ting.<span class=\"_ _5\"/> Where possible<span class=\"_ _5\"/>,<span class=\"_ _b\"/> Arcadis uses credit r<span class=\"_ _5\"/>atings pro<span class=\"_ _5\"/>vided by ext<span class=\"_ _b\"/>ernal credit ra<span class=\"_ _5\"/>ting agencies,<span class=\"_ _b\"/> thus monit<span class=\"_ _5\"/>oring creditworthiness in order t<span class=\"_ _5\"/>o manage the r<span class=\"_ _5\"/>elat<span class=\"_ _5\"/>ed credit risk.<span class=\"_ _b\"/> Furthermore,<span class=\"_ _b\"/> Arcadis s<span class=\"_ _5\"/>trongl<span class=\"_ _5\"/>y f<span class=\"_ _5\"/>ocuses on clients by<span class=\"_ _5\"/> strengthening the commercia<span class=\"_ _5\"/>l relationship and being mor<span class=\"_ _5\"/>e selective t<span class=\"_ _5\"/>o which clients services are o<span class=\"_ _5\"/>ffered.<span class=\"_ _b\"/> Through s<span class=\"_ _5\"/>yst<span class=\"_ _5\"/>ematic acc<span class=\"_ _5\"/>ount managemen<span class=\"_ _5\"/>t w<span class=\"_ _5\"/>e aim to buil<span class=\"_ _5\"/>d long-t<span class=\"_ _5\"/>erm relationships <span class=\"_ _5\"/>with selected mul<span class=\"_ _b\"/>tinational and k<span class=\"_ _5\"/>ey na<span class=\"_ _5\"/>tional/local clien<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> W<span class=\"_ _b\"/>e already<span class=\"_ _5\"/> have a r<span class=\"_ _5\"/>elationship with <span class=\"_ _5\"/>the majority of<span class=\"_ _5\"/> our mul<span class=\"_ _5\"/>tinational clien<span class=\"_ _5\"/>ts for<span class=\"_ _5\"/> more than <span class=\"_ _5\"/>five years.<span class=\"_ _b\"/> New cus<span class=\"_ _5\"/>tomers are ana<span class=\"_ _5\"/>lyz<span class=\"_ _5\"/>ed individuall<span class=\"_ _5\"/>y f<span class=\"_ _5\"/>or creditw<span class=\"_ _5\"/>or<span class=\"_ _6\"/>thiness bef<span class=\"_ _5\"/>ore services are off<span class=\"_ _5\"/>ered and monitor<span class=\"_ _5\"/>ed regularl<span class=\"_ _5\"/>y<span class=\"_ _5\"/>.The carrying amount of<span class=\"_ _5\"/> financial assets r<span class=\"_ _5\"/>epresents the maximum credit<span class=\"_ _5\"/> exposure<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Per 3<span class=\"_ _b\"/>1 December 202<span class=\"_ _5\"/>2,<span class=\"_ _5\"/> the maximum exposure t<span class=\"_ _b\"/>o credit risk w<span class=\"_ _5\"/>as:In \u20ac thousands<span class=\"_ _105\"> </span>Note<span class=\"_ _101\"> </span><span class=\"fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Financial assets:T<span class=\"_ _b\"/>rade receivables<span class=\"_ _2ae\"> </span>21 <span class=\"_ _54\"> </span><span class=\"lsed ws109\">7<span class=\"_ _6\"/>4<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>3<span class=\"_ _7\"/>9<span class=\"_ _6\"/>2<span class=\"_ _7\"/> <span class=\"_ _37\"> </span><span class=\"lsef ws10b\">52<span class=\"_ _6\"/>1,8<span class=\"_ _6\"/>55<span class=\"_ _6\"/> </span></span>Contr<span class=\"_ _5\"/>act assets (unbilled r<span class=\"_ _5\"/>eceivables)<span class=\"_ _bb\"> </span>22 <span class=\"_ _49\"> </span><span class=\"ls6f ws77\">64<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>59<span class=\"_ _6\"/> <span class=\"_ _49\"> </span><span class=\"ls3e ws3a\">50<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,26<span class=\"_ _6\"/>8 </span></span>Other rec<span class=\"_ _5\"/>eivables<span class=\"_ _1cb\"> </span>24<span class=\"_ _6\"/> <span class=\"_ _46\"> </span><span class=\"lsef ws10b\">16<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>7<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _223\"> </span>16<span class=\"_ _6\"/>,7<span class=\"_ _6\"/>02<span class=\"_ _6\"/> </span>Other non-current<span class=\"_ _5\"/> assets<span class=\"_ _1c2\"> </span><span class=\"ls5b ws5b\">20 <span class=\"_ _38\"> </span></span><span class=\"wsac\">20,8<span class=\"_ _6\"/>89<span class=\"_ _6\"/> <span class=\"_ _223\"> </span><span class=\"lsfb ws117\">2<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>214<span class=\"_ _6\"/> </span></span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _21f\"> </span>19 <span class=\"_ _46\"> </span><span class=\"ls10f ws12c\">15<span class=\"_ _7\"/>,9<span class=\"_ _6\"/>4<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _19c\"> </span><span class=\"lsed ws109\">7,<span class=\"_ _7\"/>1<span class=\"_ _6\"/>0<span class=\"_ _7\"/>7<span class=\"_ _7\"/> </span></span>Loans t<span class=\"_ _5\"/>o associat<span class=\"_ _5\"/>es and joint v<span class=\"_ _5\"/>entures<span class=\"_ _26c\"> </span>17<span class=\"_ _6\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - </span> 1,445,756 <span class=\"_ _e3\"> </span> 1,06<span class=\"_ _6\"/>8,146 Cash and cash equivalen<span class=\"_ _5\"/>ts less bank ov<span class=\"_ _5\"/>erdrafts<span class=\"_ _117\"> </span><span class=\"wsac\">25<span class=\"_ _37\"> </span></span> 257<span class=\"_ _5\"/>,598 <span class=\"_ _de\"> </span><span class=\"lsf9 ws178\"> 3<span class=\"_ _6\"/>5<span class=\"_ _6\"/>0<span class=\"_ _7\"/>,9<span class=\"_ _6\"/>12<span class=\"_ _6\"/> </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _264\"> </span><span class=\"ls9d ws1\"> 1,703,354 <span class=\"_ _c3\"> </span> 1,41<span class=\"_ _5\"/>9,05<span class=\"_ _6\"/>8 </span>T<span class=\"_ _b\"/>rade receiv<span class=\"_ _5\"/>ablesT<span class=\"_ _b\"/>rade receiv<span class=\"_ _5\"/>ables are presen<span class=\"_ _5\"/>ted net<span class=\"_ _5\"/> of<span class=\"_ _5\"/> a provision f<span class=\"_ _5\"/>or expect<span class=\"_ _5\"/>ed credit l<span class=\"_ _5\"/>osses.<span class=\"_ _5\"/> The credit<span class=\"_ _5\"/> risk is measured and anal<span class=\"_ _5\"/>yzed on a loca<span class=\"_ _5\"/>l level a<span class=\"_ _5\"/>t regular<span class=\"_ _5\"/> intervals,<span class=\"_ _0\"/> taking into c<span class=\"_ _5\"/>onsideration,<span class=\"_ _0\"/> amongst others,<span class=\"_ _0\"/> the financial situa<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the debt<span class=\"_ _b\"/>or and ageing of<span class=\"_ _5\"/> receivabl<span class=\"_ _5\"/>es.<span class=\"_ _b\"/> Expec<span class=\"_ _6\"/>ted losses ar<span class=\"_ _5\"/>e determined in line <span class=\"_ _5\"/>with IFRS 9,<span class=\"_ _b\"/> see not<span class=\"_ _5\"/>e 21<span class=\"_ _5\"/>.The ageing o<span class=\"_ _5\"/>f T<span class=\"_ _b\"/>rade r<span class=\"_ _5\"/>eceivables and <span class=\"_ _5\"/>the provision f<span class=\"_ _b\"/>or T<span class=\"_ _b\"/>rade rec<span class=\"_ _5\"/>eivables a<span class=\"_ _5\"/>t reporting dat<span class=\"_ _5\"/>e is disclosed below and in not<span class=\"_ _5\"/>e 21<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The ageing o<span class=\"_ _5\"/>f rec<span class=\"_ _5\"/>eivables has led <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the recognition of<span class=\"_ _5\"/> (expected) cr<span class=\"_ _5\"/>edit losses and calibr<span class=\"_ _5\"/>ation of<span class=\"_ _5\"/> assumptions as included in <span class=\"_ _5\"/>the Goodwill impairment<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>t.The movemen<span class=\"_ _5\"/>t schedule f<span class=\"_ _b\"/>or the provision <span class=\"_ _5\"/>for<span class=\"_ _5\"/> T<span class=\"_ _b\"/>rade receiv<span class=\"_ _5\"/>ables is included in no<span class=\"_ _5\"/>te 2<span class=\"_ _5\"/>1<span class=\"_ _5\"/>.2022<span class=\"_ _26b\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>Gross Provision Provision Gross Provision Provision In \u20ac thousandsReceiv<span class=\"_ _5\"/>ablesbad debtECLReceiv<span class=\"_ _5\"/>ablesbad debtECLNot<span class=\"_ _5\"/> past due<span class=\"_ _2a3\"> </span> 509,257 <span class=\"_ _174\"> </span> (3,310)<span class=\"_ _e0\"> </span> (329)<span class=\"_ _ae\"> </span><span class=\"lsf7 ws17f\"> 3<span class=\"_ _7\"/>8<span class=\"_ _6\"/>6<span class=\"_ _7\"/>,<span class=\"_ _7\"/>174<span class=\"_ _6\"/> <span class=\"_ _50\"> </span></span> (4,218)<span class=\"_ _d2\"> </span><span class=\"lsf0 ws15c\"> (<span class=\"_ _6\"/>24<span class=\"_ _6\"/>4)</span>Past due 0-3<span class=\"_ _6\"/>0 days<span class=\"_ _140\"> </span> 8<span class=\"_ _6\"/>6,3<span class=\"_ _6\"/>60<span class=\"_ _6\"/> <span class=\"_ _d4\"> </span> (<span class=\"_ _6\"/>95<span class=\"_ _6\"/>3)<span class=\"_ _db\"> </span> (3<span class=\"_ _6\"/>2)<span class=\"_ _d7\"> </span><span class=\"ls110 ws15f\"> 65<span class=\"_ _6\"/>,439<span class=\"_ _6\"/> <span class=\"_ _da\"> </span></span> (1,3<span class=\"_ _5\"/>14)<span class=\"_ _14c\"> </span><span class=\"ls10c ws136\"> (<span class=\"_ _6\"/>33)</span>Past due 3<span class=\"_ _5\"/>1-60 days<span class=\"_ _271\"> </span><span class=\"lsf6 ws10f\"> 49,8<span class=\"_ _6\"/>4<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _174\"> </span></span> (1,878)<span class=\"_ _14c\"> </span> (10)<span class=\"_ _d0\"> </span> 28,4<span class=\"_ _6\"/>0<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _e0\"> </span><span class=\"ls164 ws197\"> (<span class=\"_ _5\"/>906)<span class=\"_ _14c\"> </span><span class=\"lsfc ws11b\"> (18<span class=\"_ _6\"/>)</span></span>Past due 6<span class=\"_ _5\"/>1-1<span class=\"_ _5\"/>20 days<span class=\"_ _275\"> </span> 33,0<span class=\"_ _6\"/>93<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span><span class=\"lsf7 ws17f\"> (<span class=\"_ _6\"/>3<span class=\"_ _6\"/>74<span class=\"_ _6\"/>)<span class=\"_ _db\"> </span></span> (77)<span class=\"_ _aa\"> </span> 1<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>6<span class=\"_ _7\"/>2<span class=\"_ _6\"/>2<span class=\"_ _7\"/> <span class=\"_ _d4\"> </span><span class=\"ls10d ws10d\"> (6<span class=\"_ _6\"/>07<span class=\"_ _6\"/>)<span class=\"_ _db\"> </span><span class=\"lsf9 ws178\"> (<span class=\"_ _6\"/>12<span class=\"_ _6\"/>)</span></span>Past due 1<span class=\"_ _b\"/>21-36<span class=\"_ _6\"/>4 days<span class=\"_ _2af\"> </span><span class=\"ls3 ws137\"> 48,349 <span class=\"_ _b6\"> </span></span> (4,6<span class=\"_ _6\"/>62)<span class=\"_ _e0\"> </span> (2<span class=\"_ _6\"/>24)<span class=\"_ _63\"> </span><span class=\"lsf2 ws148\"> 22<span class=\"_ _6\"/>,5<span class=\"_ _6\"/>70 <span class=\"_ _174\"> </span></span> (5,756)<span class=\"_ _db\"> </span><span class=\"lsf9 ws178\"> (<span class=\"_ _6\"/>12<span class=\"_ _6\"/>)</span>More than 364 days due<span class=\"_ _c5\"> </span><span class=\"lsfc ws11b\"> 72,<span class=\"_ _6\"/>218 <span class=\"_ _4e\"> </span></span> (4<span class=\"_ _5\"/>2,525)<span class=\"_ _39\"> </span> (<span class=\"_ _6\"/>11<span class=\"_ _6\"/>8<span class=\"_ _7\"/>)<span class=\"_ _63\"> </span><span class=\"ls128 ws18d\"> 52,738<span class=\"_ _6\"/> <span class=\"_ _9e\"> </span></span> (39,69<span class=\"_ _6\"/>6)<span class=\"_ _e0\"> </span><span class=\"lsf2 ws148\"> (<span class=\"_ _6\"/>370)</span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _af\"> </span> 7<span class=\"_ _6\"/>9<span class=\"_ _7\"/>9<span class=\"_ _6\"/>,<span class=\"_ _6\"/>11<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _cd\"> </span><span class=\"ls9d ws1\"> (53,702)<span class=\"_ _c3\"> </span><span class=\"ls2 ws14a\"> (<span class=\"_ _6\"/>79<span class=\"_ _6\"/>0)<span class=\"_ _b0\"> </span><span class=\"lsfc ws11b\"> 572<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>51<span class=\"_ _6\"/> <span class=\"_ _9f\"> </span></span></span> (52<span class=\"_ _6\"/>,497)<span class=\"_ _d2\"> </span><span class=\"ls2 ws14a\"> (6<span class=\"_ _6\"/>89)</span></span>There are <span class=\"_ _5\"/>various reasons f<span class=\"_ _b\"/>or delays in pa<span class=\"_ _5\"/>yments tha<span class=\"_ _5\"/>t resul<span class=\"_ _b\"/>t in past due amoun<span class=\"_ _5\"/>ts and that<span class=\"_ _5\"/> impact Da<span class=\"_ _5\"/>ys Sales Outstanding (DSO).<span class=\"_ _b\"/> Arca<span class=\"_ _5\"/>dis has overdue r<span class=\"_ _5\"/>eceivables <span class=\"_ _5\"/>which are general<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> considered col<span class=\"_ _5\"/>lectible and f<span class=\"_ _5\"/>or which the risk o<span class=\"_ _5\"/>f impairment<span class=\"_ _5\"/> is remot<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> Amounts due a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 subject t<span class=\"_ _5\"/>o the <span class=\"_ _b\"/>\u2018paid-<span class=\"_ _5\"/>when-paid principle\u2019<span class=\"_ _0\"/> are disclosed in not<span class=\"_ _5\"/>e 21<span class=\"_ _b\"/>. Further details on ho<span class=\"_ _5\"/>w Arca<span class=\"_ _5\"/>dis uses this principle <span class=\"_ _5\"/>to manage <span class=\"_ _5\"/>working capital is disclosed in <span class=\"_ _5\"/>the section<span class=\"_ _6\"/> on liquidity risk.Other rec<span class=\"_ _5\"/>eivables and non-current<span class=\"_ _5\"/> assetsOther rec<span class=\"_ _5\"/>eivables and Other non-curren<span class=\"_ _5\"/>t assets are monit<span class=\"_ _b\"/>ored for<span class=\"_ _5\"/> expected credit<span class=\"_ _5\"/> losses.<span class=\"_ _b\"/> They do no<span class=\"_ _b\"/>t contain impair<span class=\"_ _5\"/>ed assets and are no<span class=\"_ _5\"/>t past due<span class=\"_ _5\"/>.Loans <span class=\"_ _5\"/>to associat<span class=\"_ _b\"/>es and joint ven<span class=\"_ _5\"/>turesLoans <span class=\"_ _5\"/>to associat<span class=\"_ _b\"/>es and joint ven<span class=\"_ _5\"/>tures are subject <span class=\"_ _5\"/>to credit<span class=\"_ _5\"/> risk.<span class=\"_ _5\"/> A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> no mat<span class=\"_ _5\"/>erial loans t<span class=\"_ _5\"/>o associat<span class=\"_ _5\"/>es were outstanding.Cash and cash equival<span class=\"_ _5\"/>entsThe credit risk<span class=\"_ _5\"/> of<span class=\"_ _5\"/> Cash and cash equivalen<span class=\"_ _5\"/>ts is the risk <span class=\"_ _5\"/>that c<span class=\"_ _5\"/>ounterparties are no<span class=\"_ _5\"/>t able t<span class=\"_ _b\"/>o repay amoun<span class=\"_ _5\"/>ts owed to <span class=\"_ _5\"/>Arcadis upon reques<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> Arca<span class=\"_ _5\"/>dis.<span class=\"_ _b\"/> The objective of <span class=\"_ _5\"/>the Group is t<span class=\"_ _5\"/>o minimize credit<span class=\"_ _5\"/> risk exposure in Cash and cash equival<span class=\"_ _5\"/>ents by in<span class=\"_ _5\"/>vesting in liquid securities and ent<span class=\"_ _5\"/>ering int<span class=\"_ _5\"/>o transactions inv<span class=\"_ _5\"/>olving deriv<span class=\"_ _5\"/>ative <span class=\"_ _5\"/>financial instruments onl<span class=\"_ _b\"/>y with coun<span class=\"_ _5\"/>terparties that<span class=\"_ _5\"/> have sound cr<span class=\"_ _5\"/>edit ra<span class=\"_ _5\"/>tings,<span class=\"_ _b\"/> a good reputation and belong <span class=\"_ _5\"/>to the group o<span class=\"_ _5\"/>f Core banks <span class=\"_ _5\"/>which also pro<span class=\"_ _5\"/>vide committed cr<span class=\"_ _5\"/>edit fa<span class=\"_ _5\"/>cilities.<span class=\"_ _b\"/> The relat<span class=\"_ _5\"/>ed risk is monit<span class=\"_ _5\"/>ored on an ongoing basis both a<span class=\"_ _5\"/>t loca<span class=\"_ _5\"/>l entity and group l<span class=\"_ _5\"/>evel.<span class=\"_ _b\"/> The Group k<span class=\"_ _5\"/>eeps approxima<span class=\"_ _5\"/>tel<span class=\"_ _b\"/>y 66% (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 85%) of<span class=\"_ _5\"/> its cash reserves at<span class=\"_ _5\"/> our Cor<span class=\"_ _5\"/>e banks and is only<span class=\"_ _5\"/> allo<span class=\"_ _5\"/>wed t<span class=\"_ _5\"/>o invest<span class=\"_ _5\"/> in short-term,<span class=\"_ _0\"/> liquid securities with count<span class=\"_ _5\"/>erpar<span class=\"_ _6\"/>ties tha<span class=\"_ _5\"/>t hav<span class=\"_ _5\"/>e an inves<span class=\"_ _5\"/>tment gra<span class=\"_ _5\"/>de rating <span class=\"_ _5\"/>from Standar<span class=\"_ _5\"/>d &amp; Poor\u2019s,<span class=\"_ _b\"/> Moody<span class=\"_ _6\"/>\u2019s or Fit<span class=\"_ _b\"/>ch.<span class=\"_ _5\"/> Management monit<span class=\"_ _5\"/>ors these ra<span class=\"_ _b\"/>tings and<span class=\"_ _6\"/> does not<span class=\"_ _5\"/> expect any<span class=\"_ _5\"/> such count<span class=\"_ _5\"/>erpar<span class=\"_ _6\"/>ty t<span class=\"_ _5\"/>o fail <span class=\"_ _5\"/>to mee<span class=\"_ _5\"/>t its obligations in <span class=\"_ _5\"/>the shor<span class=\"_ _6\"/>t-<span class=\"_ _5\"/>term.<span class=\"_ _b\"/> The change in percen<span class=\"_ _5\"/>tage of<span class=\"_ _5\"/> Core banks compar<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o last y<span class=\"_ _5\"/>ear is mainl<span class=\"_ _5\"/>y caused by<span class=\"_ _5\"/> the acquisition o<span class=\"_ _b\"/>f IBI Group and DPS Group tha<span class=\"_ _b\"/>t are using other<span class=\"_ _5\"/> banks than our o<span class=\"_ _5\"/>wn Core banks.Guarant<span class=\"_ _5\"/>ees and lett<span class=\"_ _5\"/>ers of<span class=\"_ _5\"/> creditOn behal<span class=\"_ _5\"/>f of<span class=\"_ _5\"/> the Group and l<span class=\"_ _5\"/>ocal entities,<span class=\"_ _b\"/> financial institutions (such as banks and insuranc<span class=\"_ _5\"/>e companies) hav<span class=\"_ _5\"/>e provided bank<span class=\"_ _5\"/> guarant<span class=\"_ _5\"/>ees,<span class=\"_ _b\"/> surety bonds and le<span class=\"_ _5\"/>tters o<span class=\"_ _5\"/>f credit amoun<span class=\"_ _5\"/>ting t<span class=\"_ _5\"/>o \u20ac15<span class=\"_ _b\"/>1.6 mil<span class=\"_ _5\"/>lion outstanding as at 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac1<span class=\"_ _5\"/>4<span class=\"_ _5\"/>1.3 mil<span class=\"_ _5\"/>lion).<span class=\"_ _5\"/> In addition,<span class=\"_ _b\"/> Arcadis NV<span class=\"_ _5\"/> has provided <span class=\"_ _5\"/>financial guarant<span class=\"_ _5\"/>ees to banks for<span class=\"_ _5\"/> a maximum amount of<span class=\"_ _5\"/> \u20ac1<span class=\"_ _b\"/>77<span class=\"_ _b\"/>.6 million (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _b\"/>63.0 million).<span class=\"_ _b\"/> No Expec<span class=\"_ _6\"/>ted Credit<span class=\"_ _5\"/> Losses are r<span class=\"_ _5\"/>ecognized from these guarant<span class=\"_ _5\"/>ees.(B) Liquidity risks Liquidity risk<span class=\"_ _5\"/> is the risk tha<span class=\"_ _b\"/>t Arcadis <span class=\"_ _5\"/>will not<span class=\"_ _5\"/> be able t<span class=\"_ _5\"/>o meet its <span class=\"_ _5\"/>financial obligations as <span class=\"_ _5\"/>they f<span class=\"_ _5\"/>all due<span class=\"_ _5\"/>.<span class=\"_ _5\"/> The primary objective of<span class=\"_ _5\"/> liquidity management<span class=\"_ _5\"/> is providing f<span class=\"_ _b\"/>or suff<span class=\"_ _6\"/>icient c<span class=\"_ _5\"/>ommitted credit<span class=\"_ _5\"/> facilities and cash and cash equival<span class=\"_ _5\"/>ents t<span class=\"_ _5\"/>o enable Arca<span class=\"_ _5\"/>dis t<span class=\"_ _5\"/>o meet its liabilities when due<span class=\"_ _5\"/>,<span class=\"_ _b\"/> under both normal and s<span class=\"_ _5\"/>tressed conditions,<span class=\"_ _b\"/> without incurring unac<span class=\"_ _5\"/>ceptabl<span class=\"_ _5\"/>e losses or risking damage <span class=\"_ _5\"/>to <span class=\"_ _5\"/>Arcadis.<span class=\"_ _b\"/> Our Group <span class=\"_ _5\"/>T<span class=\"_ _b\"/>reasur<span class=\"_ _6\"/>y Policy supports this principle by<span class=\"_ _5\"/> stating <span class=\"_ _5\"/>that<span class=\"_ _5\"/> the Group aims t<span class=\"_ _b\"/>o have no more <span class=\"_ _5\"/>than 33% o<span class=\"_ _5\"/>f t<span class=\"_ _5\"/>otal <span class=\"_ _5\"/>fixed debt<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o be refinanced in any one year<span class=\"_ _5\"/> and tha<span class=\"_ _5\"/>t the minimal liquidity<span class=\"_ _5\"/> at<span class=\"_ _5\"/> any given poin<span class=\"_ _5\"/>t in time shoul<span class=\"_ _5\"/>d al<span class=\"_ _5\"/>way<span class=\"_ _5\"/>s exc<span class=\"_ _5\"/>eed \u20ac20<span class=\"_ _6\"/>0.0 million.Neither <span class=\"_ _5\"/>the aged (un)billed rec<span class=\"_ _5\"/>eivables o<span class=\"_ _5\"/>f individual cus<span class=\"_ _5\"/>tomers,<span class=\"_ _b\"/> nor the pr<span class=\"_ _5\"/>ofile o<span class=\"_ _5\"/>f the ac<span class=\"_ _5\"/>counts rec<span class=\"_ _5\"/>eivable portfolio,<span class=\"_ _b\"/> impose a significant thr<span class=\"_ _5\"/>eat<span class=\"_ _5\"/> to <span class=\"_ _5\"/>the Group<span class=\"_ _5\"/>\u2019s liquidity planning.Over the course o<span class=\"_ _5\"/>f the year<span class=\"_ _0\"/>,<span class=\"_ _b\"/> f<span class=\"_ _6\"/>luctuations occur in the working capital needed to finance opera<span class=\"_ _5\"/>tions.<span class=\"_ _b\"/> The <span class=\"_ _6\"/>Group strives <span class=\"_ _5\"/>to ha<span class=\"_ _5\"/>ve a good liquidity position a<span class=\"_ _5\"/>t al<span class=\"_ _5\"/>l times,<span class=\"_ _b\"/> strictly<span class=\"_ _5\"/> control<span class=\"_ _5\"/>ling working capital b<span class=\"_ _5\"/>y optimizing bil<span class=\"_ _5\"/>ling and coll<span class=\"_ _5\"/>ection and consequentl<span class=\"_ _5\"/>y maintaining a heal<span class=\"_ _b\"/>thy net<span class=\"_ _5\"/> debt <span class=\"_ _5\"/>to EBITD<span class=\"_ _5\"/>A ra<span class=\"_ _5\"/>tio.T<span class=\"_ _b\"/>o manage w<span class=\"_ _5\"/>orking capital,<span class=\"_ _5\"/> but onl<span class=\"_ _5\"/>y if<span class=\"_ _5\"/> legall<span class=\"_ _b\"/>y allo<span class=\"_ _5\"/>wed and commercia<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y possible<span class=\"_ _5\"/>,<span class=\"_ _5\"/> Arca<span class=\"_ _5\"/>dis agrees with part o<span class=\"_ _5\"/>f its sub-<span class=\"_ _6\"/>contr<span class=\"_ _5\"/>actors so-called <span class=\"_ _b\"/>\u2018paid-<span class=\"_ _5\"/>when-paid\u2019<span class=\"_ _b\"/> clauses.<span class=\"_ _5\"/> This means tha<span class=\"_ _5\"/>t <span class=\"_ _5\"/>Arcadis is in such instances be<span class=\"_ _5\"/>tter<span class=\"_ _5\"/> able to ma<span class=\"_ _5\"/>tch <span class=\"_ _5\"/>the cash inflows <span class=\"_ _5\"/>from debt<span class=\"_ _b\"/>ors with the rela<span class=\"_ _5\"/>ted cash outflow<span class=\"_ _5\"/>s to suppliers,<span class=\"_ _0\"/> as the timing o<span class=\"_ _5\"/>f the paymen<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> the supplier is dependen<span class=\"_ _5\"/>t on the c<span class=\"_ _5\"/>ollection of<span class=\"_ _5\"/> the receiv<span class=\"_ _5\"/>able from a clien<span class=\"_ _5\"/>t.<span class=\"_ _b\"/> This could how<span class=\"_ _5\"/>ever be impacted b<span class=\"_ _5\"/>y contr<span class=\"_ _5\"/>actual clauses and/<span class=\"_ _5\"/>or loca<span class=\"_ _5\"/>l laws and r<span class=\"_ _5\"/>egulations tha<span class=\"_ _b\"/>t limit the maximum ext<span class=\"_ _5\"/>ension of paymen<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>erms t<span class=\"_ _5\"/>o a moment bef<span class=\"_ _5\"/>ore Ar<span class=\"_ _5\"/>cadis gets paid by<span class=\"_ _5\"/> its client.<span class=\"_ _b\"/> In case of non-pa<span class=\"_ _5\"/>yment b<span class=\"_ _5\"/>y the deb<span class=\"_ _5\"/>tor<span class=\"_ _0\"/>,<span class=\"_ _b\"/> Arcadis s<span class=\"_ _5\"/>till has t<span class=\"_ _5\"/>o fulfil its obliga<span class=\"_ _5\"/>tions t<span class=\"_ _5\"/>owards <span class=\"_ _5\"/>the supplier under a <span class=\"_ _b\"/>\u2018paid-<span class=\"_ _5\"/>when-paid\u2019<span class=\"_ _b\"/> clause.<span class=\"_ _b\"/> Accounts pa<span class=\"_ _b\"/>yable at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 2022 subject<span class=\"_ _5\"/> to <span class=\"_ _5\"/>the <span class=\"_ _b\"/>\u2018paid-when-paid principl<span class=\"_ _5\"/>e\u2019<span class=\"_ _b\"/> are disclosed in no<span class=\"_ _5\"/>te 30.<span class=\"_ _b\"/> The expectation is <span class=\"_ _5\"/>that all a<span class=\"_ _5\"/>ccounts pa<span class=\"_ _5\"/>yable <span class=\"_ _5\"/>will be paid within <span class=\"_ _5\"/>the normal course o<span class=\"_ _5\"/>f business and are ther<span class=\"_ _5\"/>efor<span class=\"_ _5\"/>e classified as shor<span class=\"_ _6\"/>t-term liabilities.A descrip<span class=\"_ _5\"/>tion and anal<span class=\"_ _5\"/>ysis of<span class=\"_ _5\"/> the credit<span class=\"_ _5\"/> lines listed abo<span class=\"_ _5\"/>ve and its movemen<span class=\"_ _5\"/>ts compared t<span class=\"_ _5\"/>o last <span class=\"_ _5\"/>year is provided in no<span class=\"_ _5\"/>te 30.Lines of<span class=\"_ _5\"/> credit The Company<span class=\"_ _5\"/> maintains the lines o<span class=\"_ _5\"/>f credit<span class=\"_ _5\"/> as summarized in the <span class=\"_ _5\"/>table below<span class=\"_ _0\"/>.In millions<span class=\"_ _2b0\"> </span><span class=\"ff1 fs7b fc1 ls3e\">31 December<span class=\"_ _5\"/> 2022<span class=\"_ _1a5\"> </span><span class=\"ff2 fc6\">3<span class=\"_ _5\"/>1 December 202<span class=\"_ _5\"/>1</span></span>T<span class=\"_ _5\"/>ype<span class=\"_ _2b1\"> </span>Inter<span class=\"_ _5\"/>est/fees<span class=\"_ _2b2\"> </span>A<span class=\"_ _5\"/>vailable<span class=\"_ _150\"> </span>Utilized<span class=\"_ _2b2\"> </span><span class=\"fc6\">A<span class=\"_ _5\"/>vailable<span class=\"_ _150\"> </span>Utiliz<span class=\"_ _5\"/>ed</span>in \u20ac millions<span class=\"_ _11c\"> </span>CAD<span class=\"_ _48\"> </span>USD<span class=\"_ _48\"> </span>EUR<span class=\"_ _37\"> </span>C<span class=\"_ _6\"/>AD<span class=\"_ _37\"> </span>USD<span class=\"_ _48\"> </span>EUR<span class=\"_ _48\"> </span><span class=\"fc6\">CAD<span class=\"_ _48\"> </span>USD<span class=\"_ _48\"> </span>EUR<span class=\"_ _37\"> </span>CAD<span class=\"_ _48\"> </span>USD<span class=\"_ _48\"> </span>EUR</span>Bridge Loan F<span class=\"_ _5\"/>acility<span class=\"_ _2b3\"> </span><span class=\"wsac\">EURIBOR<span class=\"_ _1af\"> </span>\u20ac750.0<span class=\"_ _1af\"> </span>\u20ac750.0<span class=\"_ _26a\"> </span>\u20ac0<span class=\"_ _6\"/>.0<span class=\"_ _26a\"> </span>\u20ac0.0</span>Rev<span class=\"_ _5\"/>olving Credit<span class=\"_ _5\"/> Facility<span class=\"_ _290\"> </span><span class=\"wsac\">EURIBOR<span class=\"_ _1af\"> </span>\u20ac500<span class=\"_ _6\"/>.0<span class=\"_ _26a\"> </span>\u20ac0.0<span class=\"_ _154\"> </span>\u20ac5<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0.0<span class=\"_ _26a\"> </span>\u20ac0.0</span>Debentures IBI<span class=\"_ _81\"> </span><span class=\"wsac\">6<span class=\"_ _6\"/>.50<span class=\"_ _6\"/>%<span class=\"_ _b6\"> </span>CA$29.3<span class=\"_ _c5\"> </span>\u20ac20.1<span class=\"_ _b7\"> </span>CA$2<span class=\"_ _6\"/>9.3<span class=\"_ _c5\"> </span>\u20ac20.1</span>Committ<span class=\"_ _5\"/>ed facilities<span class=\"_ _92\"> </span><span class=\"wsac\">EURIBOR<span class=\"_ _1d1\"> </span>\u20ac0.0<span class=\"_ _26a\"> </span>\u20ac0.0<span class=\"_ _26a\"> </span>\u20ac0.0<span class=\"_ _1d1\"> </span>\u20ac0.0</span>Uncommitted mul<span class=\"_ _5\"/>ti-currency facilities<span class=\"_ _f0\"> </span><span class=\"wsac\">Floating<span class=\"_ _1af\"> </span>\u20ac120.0<span class=\"_ _26a\"> </span>\u20ac0.0<span class=\"_ _1af\"> </span>\u20ac100.0<span class=\"_ _1d1\"> </span>\u20ac0.0</span>Schuldschein not<span class=\"_ _5\"/>es<span class=\"_ _ef\"> </span><span class=\"wsac\">Fixed/floating<span class=\"_ _154\"> </span>\u20ac190.0<span class=\"_ _1af\"> </span>\u20ac190<span class=\"_ _6\"/>.0<span class=\"_ _1af\"> </span>\u20ac254.0<span class=\"_ _1af\"> </span>\u20ac254.0</span>Schuldschein not<span class=\"_ _5\"/>es<span class=\"_ _ef\"> </span><span class=\"wsac\">Fixed/floating<span class=\"_ _c5\"> </span>US$0<span class=\"_ _54\"> </span>\u20ac0.0<span class=\"_ _c5\"> </span>US$0<span class=\"_ _54\"> </span>\u20ac0.0<span class=\"_ _14d\"> </span>US$13.0<span class=\"_ _252\"> </span>\u20ac1<span class=\"_ _5\"/>1.4<span class=\"_ _14d\"> </span>US$1<span class=\"_ _b\"/>3<span class=\"_ _6\"/>.0<span class=\"_ _252\"> </span>\u20ac11<span class=\"_ _5\"/>.4</span>Guarant<span class=\"_ _5\"/>ee facility<span class=\"_ _262\"> </span>0.30<span class=\"_ _6\"/>% -<span class=\"_ _5\"/> <span class=\"_ _6\"/>0<span class=\"_ _6\"/>.65%<span class=\"_ _186\"> </span><span class=\"wsac\">\u20ac76.2<span class=\"_ _c1\"> </span>\u20ac41<span class=\"_ _5\"/>.3<span class=\"_ _186\"> </span>\u20ac63.7<span class=\"_ _186\"> </span>\u20ac42.1</span>Other (loans)<span class=\"_ _180\"> </span><span class=\"wsac\">V<span class=\"_ _5\"/>arious<span class=\"_ _186\"> </span>\u20ac33.7<span class=\"_ _26a\"> </span>\u20ac9.9<span class=\"_ _c1\"> </span>\u20ac24.0<span class=\"_ _26a\"> </span>\u20ac0.9</span>Other (bank guar<span class=\"_ _5\"/>antees and sure<span class=\"_ _5\"/>ty bonds)<span class=\"_ _275\"> </span><span class=\"wsac\">Various<span class=\"_ _1af\"> </span>\u20ac149.8<span class=\"_ _135\"> </span>\u20ac107<span class=\"_ _0\"/>.1<span class=\"_ _1e\"> </span>\u20ac1<span class=\"_ _5\"/>41<span class=\"_ _5\"/>.9<span class=\"_ _186\"> </span>\u20ac99.2</span>Contr<span class=\"_ _5\"/>actual obligationsThe fol<span class=\"_ _5\"/>lowing tables describe our commitments and contractual obliga<span class=\"_ _5\"/>tions for the f<span class=\"_ _b\"/>ollowing five years and thereaft<span class=\"_ _5\"/>er<span class=\"_ _b\"/>.<span class=\"_ _b\"/> The other<span class=\"_ _5\"/> long-t<span class=\"_ _5\"/>erm debt<span class=\"_ _5\"/> obligations are <span class=\"_ _5\"/>the debt service obliga<span class=\"_ _5\"/>tions.<span class=\"_ _5\"/> No colla<span class=\"_ _5\"/>ter<span class=\"_ _5\"/>al has been pledged f<span class=\"_ _5\"/>or liabilities or<span class=\"_ _5\"/> contingent<span class=\"_ _5\"/> liabilities.In \u20ac thousands<span class=\"_ _2b4\"> </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _79\"> </span>&lt; 1 year<span class=\"_ _109\"> </span>1 -<span class=\"_ _5\"/> <span class=\"_ _7\"/>3 years<span class=\"_ _83\"> </span>4 -<span class=\"_ _5\"/> <span class=\"_ _6\"/>5 <span class=\"_ _7\"/>years<span class=\"_ _1b7\"> </span>&gt; <span class=\"_ _6\"/>5 yeaContr<span class=\"_ _5\"/>actual obligations a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _2b5\"> </span><span class=\"ls3 ws137\">  <span class=\"_ _86\"> </span>  </span>Guarant<span class=\"_ _5\"/>ees on behalf<span class=\"_ _5\"/> of associa<span class=\"_ _5\"/>tes <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _c\"> </span>-   Off balance shee<span class=\"_ _5\"/>t lease commitments <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _c\"> </span>-   For<span class=\"_ _5\"/>eign exchange con<span class=\"_ _5\"/>tracts:Outflow (542,50<span class=\"_ _6\"/>0)<span class=\"_ _161\"> </span> (542,50<span class=\"_ _6\"/>0)<span class=\"_ _1bd\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _c\"> </span>-   </span>Inflow 53<span class=\"_ _5\"/>6,666 <span class=\"_ _52\"> </span> 536,666 <span class=\"_ _1bd\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te sw<span class=\"_ _5\"/>aps:Outflow <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _c\"> </span>-   Inflow <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _c\"> </span>-   Cross Currency s<span class=\"_ _5\"/>waps:Outflow<span class=\"_ _2b6\"> </span> 42<span class=\"_ _6\"/>,61<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _79\"> </span> 42<span class=\"_ _6\"/>,61<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Inflow (4<span class=\"_ _5\"/>1,024<span class=\"_ _5\"/>)<span class=\"_ _ff\"> </span> (4<span class=\"_ _5\"/>1,02<span class=\"_ _5\"/>4)<span class=\"_ _1bd\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> Deferr<span class=\"_ _5\"/>ed consideration<span class=\"_ _2b7\"> </span> 5,309 <span class=\"_ _64\"> </span> 2,<span class=\"_ _7\"/>176<span class=\"_ _6\"/> <span class=\"_ _64\"> </span> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>133<span class=\"_ _7\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Interest<span class=\"_ _2b8\"> </span> 3<span class=\"_ _6\"/>8<span class=\"_ _7\"/>,<span class=\"_ _7\"/>2<span class=\"_ _6\"/>11<span class=\"_ _6\"/> <span class=\"_ _2b9\"> </span><span class=\"lsf6 ws10f\"> 22,456 <span class=\"_ _2b9\"> </span><span class=\"lsee ws11e\"> 13<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>3<span class=\"_ _6\"/>8<span class=\"_ _6\"/> </span></span> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>517<span class=\"_ _7\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span>Lease obliga<span class=\"_ _5\"/>tions<span class=\"_ _2ba\"> </span> 307<span class=\"_ _0\"/>,7<span class=\"_ _5\"/>63 <span class=\"_ _79\"> </span><span class=\"lsef ws11c\"> 71,<span class=\"_ _6\"/>816<span class=\"_ _6\"/> <span class=\"_ _7d\"> </span><span class=\"lsf2 ws148\"> 102<span class=\"_ _6\"/>,927<span class=\"_ _6\"/> </span></span> 6<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,<span class=\"_ _6\"/>163<span class=\"_ _6\"/> <span class=\"_ _15b\"> </span><span class=\"ls119 ws17c\"> 64<span class=\"_ _6\"/>,857<span class=\"_ _6\"/> </span>Loans and borro<span class=\"_ _5\"/>wings <span class=\"_ _2bb\"> </span>95<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,<span class=\"_ _6\"/>16<span class=\"_ _6\"/>5<span class=\"_ _13d\"> </span>56,230<span class=\"_ _6\"/> <span class=\"_ _52\"> </span><span class=\"lsf6 ws10f\"> 8<span class=\"_ _6\"/>49,4<span class=\"_ _6\"/>69<span class=\"_ _156\"> </span><span class=\"ls128 ws18d\"> 52,4<span class=\"_ _6\"/>66<span class=\"_ _6\"/> </span></span> <span class=\"_ _4\"> </span>-   Short-term bank<span class=\"_ _5\"/> debt<span class=\"_ _2bc\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _c\"> </span>-   </span>Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _2bd\"> </span> 3<span class=\"_ _6\"/>3<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>4<span class=\"_ _7\"/>8<span class=\"_ _7\"/> <span class=\"_ _7d\"> </span> 3<span class=\"_ _6\"/>3<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>4<span class=\"_ _7\"/>8<span class=\"_ _7\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _2be\"> </span>1,643,0<span class=\"_ _6\"/>56<span class=\"_ _193\"> </span>486,286<span class=\"_ _5\"/> <span class=\"_ _1b7\"> </span>9<span class=\"_ _7\"/>6<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,76<span class=\"_ _6\"/>7<span class=\"_ _ff\"> </span><span class=\"lsfb ws134\"> 12<span class=\"_ _6\"/>3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>14<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _160\"> </span><span class=\"ls3e ws132\"> 6<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>57 </span></span>Contr<span class=\"_ _5\"/>actual obligations a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2021 Guarant<span class=\"_ _5\"/>ees on behalf<span class=\"_ _5\"/> of associa<span class=\"_ _5\"/>tes<span class=\"_ _2bf\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> </span> <span class=\"_ _4\"> </span>-    <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> Off balance shee<span class=\"_ _5\"/>t lease commitments<span class=\"_ _2c0\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> </span> <span class=\"_ _4\"> </span>-    <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> For<span class=\"_ _5\"/>eign exchange con<span class=\"_ _5\"/>tracts:Outflow<span class=\"_ _2c1\"> </span> 611<span class=\"_ _6\"/>,<span class=\"_ _7\"/>5<span class=\"_ _6\"/>7<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _102\"> </span> 6<span class=\"_ _6\"/>11,<span class=\"_ _7\"/>5<span class=\"_ _6\"/>7<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _1bd\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Inflow<span class=\"_ _2b6\"> </span><span class=\"ls9d ws1\"> (61<span class=\"_ _5\"/>5,695)<span class=\"_ _109\"> </span> (6<span class=\"_ _b\"/>15,695)<span class=\"_ _5c\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   </span></span>Inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te sw<span class=\"_ _5\"/>aps:Outflow <span class=\"_ _4\"> </span>-    <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e6\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   Inflow <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _7\"/>-    <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   Cross Currency s<span class=\"_ _5\"/>waps:Outflow<span class=\"_ _2c2\"> </span> 41,<span class=\"_ _6\"/>19<span class=\"_ _7\"/>5<span class=\"_ _6\"/> <span class=\"_ _9d\"> </span> 1,0<span class=\"_ _6\"/>22<span class=\"_ _6\"/> <span class=\"_ _2b9\"> </span> 4<span class=\"_ _7\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>17<span class=\"_ _6\"/>3<span class=\"_ _7\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Inflow (42,04<span class=\"_ _6\"/>8)<span class=\"_ _156\"> </span> (1,02<span class=\"_ _5\"/>4)<span class=\"_ _159\"> </span> (41,0<span class=\"_ _5\"/>24) <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> Deferr<span class=\"_ _5\"/>ed consideration<span class=\"_ _2c3\"> </span> 480 <span class=\"_ _1bf\"> </span><span class=\"ls12d ws116\"> 476 <span class=\"_ _6f\"> </span></span> 4 <span class=\"_ _1c9\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Interest<span class=\"_ _2b8\"> </span> 14<span class=\"_ _6\"/>,<span class=\"_ _6\"/>42<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _188\"> </span><span class=\"ls9d ws1\"> 5,025 <span class=\"_ _188\"> </span> 5,4<span class=\"_ _6\"/>63 </span> 3,025 <span class=\"_ _2c4\"> </span><span class=\"lsfb ws134\"> 914<span class=\"_ _6\"/> </span>Lease obliga<span class=\"_ _5\"/>tions<span class=\"_ _2ba\"> </span> 277<span class=\"_ _b\"/>,293 <span class=\"_ _15b\"> </span><span class=\"ls102 ws11a\"> 6<span class=\"_ _7\"/>4,<span class=\"_ _6\"/>191<span class=\"_ _6\"/> <span class=\"_ _163\"> </span><span class=\"ls10e ws111\"> 9<span class=\"_ _6\"/>1<span class=\"_ _6\"/>,<span class=\"_ _6\"/>11<span class=\"_ _7\"/>0<span class=\"_ _6\"/> </span></span> 49,<span class=\"_ _6\"/>972<span class=\"_ _6\"/> <span class=\"_ _15b\"> </span><span class=\"ls110 ws15f\"> 7<span class=\"_ _6\"/>2,020<span class=\"_ _6\"/> </span>Loans and borro<span class=\"_ _5\"/>wings<span class=\"_ _2bb\"> </span> 263<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>42<span class=\"_ _6\"/> <span class=\"_ _157\"> </span><span class=\"lsf9 ws178\"> 7<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _79\"> </span></span> 56<span class=\"_ _6\"/>,06<span class=\"_ _6\"/>3 <span class=\"_ _2b9\"> </span><span class=\"lsec ws112\"> 79,<span class=\"_ _6\"/>393<span class=\"_ _6\"/> </span> 52,46<span class=\"_ _6\"/>6 Short-term bank<span class=\"_ _5\"/> debt<span class=\"_ _2c5\"> </span> 525 <span class=\"_ _233\"> </span> 525<span class=\"_ _6\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _2c6\"> </span> 2<span class=\"_ _6\"/>3<span class=\"_ _7\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>11<span class=\"_ _7\"/> <span class=\"_ _1b7\"> </span> 2<span class=\"_ _6\"/>3<span class=\"_ _7\"/>2<span class=\"_ _6\"/>,<span class=\"_ _7\"/>211<span class=\"_ _7\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _2c7\"> </span> 7<span class=\"_ _5\"/>83<span class=\"_ _5\"/>,000<span class=\"_ _5\"/> <span class=\"_ _53\"> </span> 373,421 <span class=\"_ _53\"> </span> 151,<span class=\"_ _6\"/>78<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _133\"> </span><span class=\"ls118 ws10e\"> 13<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>9<span class=\"_ _7\"/>0<span class=\"_ _6\"/> <span class=\"_ _52\"> </span><span class=\"lsfb ws134\"> 12<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _7\"/>0<span class=\"_ _6\"/>0<span class=\"_ _7\"/> </span></span>(C) Market<span class=\"_ _5\"/> risks Marke<span class=\"_ _5\"/>t risk includes curr<span class=\"_ _5\"/>ency risk (C1<span class=\"_ _b\"/>) and interes<span class=\"_ _5\"/>t ra<span class=\"_ _5\"/>te risk<span class=\"_ _5\"/> (C2) and comprises <span class=\"_ _5\"/>the risk tha<span class=\"_ _b\"/>t changes in marke<span class=\"_ _5\"/>t prices,<span class=\"_ _b\"/> such as f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>es and int<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es will aff<span class=\"_ _5\"/>ect Arca<span class=\"_ _5\"/>dis\u2019<span class=\"_ _b\"/> income or the <span class=\"_ _5\"/>value o<span class=\"_ _b\"/>f its holdings o<span class=\"_ _5\"/>f financial instrumen<span class=\"_ _5\"/>ts.<span class=\"_ _b\"/> The objective of mark<span class=\"_ _b\"/>et risk managemen<span class=\"_ _5\"/>t is t<span class=\"_ _5\"/>o manage and con<span class=\"_ _5\"/>trol marke<span class=\"_ _5\"/>t risk exposur<span class=\"_ _5\"/>es within acc<span class=\"_ _5\"/>eptable par<span class=\"_ _5\"/>ameters se<span class=\"_ _5\"/>t by<span class=\"_ _5\"/> the Group T<span class=\"_ _0\"/>reasur<span class=\"_ _6\"/>y policy<span class=\"_ _b\"/>.(C1<span class=\"_ _b\"/>) Currency risk The ke<span class=\"_ _5\"/>y objective of<span class=\"_ _5\"/> the Group <span class=\"_ _5\"/>foreign e<span class=\"_ _5\"/>xchange tr<span class=\"_ _5\"/>ansaction exposure managemen<span class=\"_ _5\"/>t is aimed at<span class=\"_ _5\"/> the active management<span class=\"_ _5\"/> of <span class=\"_ _5\"/>for<span class=\"_ _5\"/>eign exchange e<span class=\"_ _5\"/>xposures by Gr<span class=\"_ _5\"/>oup T<span class=\"_ _b\"/>reasury to r<span class=\"_ _5\"/>educe and limit <span class=\"_ _5\"/>the adverse eff<span class=\"_ _5\"/>ects of ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>e changes on the Group<span class=\"_ _b\"/>\u2019s profitability<span class=\"_ _b\"/>.T<span class=\"_ _b\"/>rade and financing tr<span class=\"_ _5\"/>ansactions in non-functional currencies The subsidiaries of<span class=\"_ _5\"/> Arcadis mainl<span class=\"_ _b\"/>y opera<span class=\"_ _5\"/>te in loca<span class=\"_ _5\"/>l markets,<span class=\"_ _0\"/> and as such both sales in<span class=\"_ _5\"/>voices and purchase invoic<span class=\"_ _5\"/>es are mainl<span class=\"_ _5\"/>y denominat<span class=\"_ _5\"/>ed in local curr<span class=\"_ _5\"/>encies.<span class=\"_ _b\"/> In some instances,<span class=\"_ _b\"/> however<span class=\"_ _0\"/>,<span class=\"_ _b\"/> invoices ar<span class=\"_ _5\"/>e in the functional currency o<span class=\"_ _5\"/>f the c<span class=\"_ _5\"/>ounterparty<span class=\"_ _b\"/>,<span class=\"_ _5\"/> which resul<span class=\"_ _b\"/>ts in a currency exposure <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the subsidiar<span class=\"_ _6\"/>y<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The exposur<span class=\"_ _5\"/>e to <span class=\"_ _5\"/>foreign ex<span class=\"_ _5\"/>change risk on sales and c<span class=\"_ _5\"/>osts denominat<span class=\"_ _5\"/>ed in another<span class=\"_ _5\"/> currency than <span class=\"_ _5\"/>the respective functional currencies of<span class=\"_ _5\"/> the subsidiaries is v<span class=\"_ _5\"/>er<span class=\"_ _6\"/>y limit<span class=\"_ _5\"/>ed.<span class=\"_ _5\"/> Onl<span class=\"_ _5\"/>y in limited cases,<span class=\"_ _0\"/> e.g.<span class=\"_ _6\"/>,<span class=\"_ _5\"/> f<span class=\"_ _5\"/>or mat<span class=\"_ _5\"/>erial tr<span class=\"_ _5\"/>ansactions,<span class=\"_ _b\"/> the subsidiaries of Arcadis en<span class=\"_ _5\"/>ter in<span class=\"_ _5\"/>to f<span class=\"_ _b\"/>or<span class=\"_ _6\"/>ward f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change contra<span class=\"_ _5\"/>cts with Group T<span class=\"_ _0\"/>reasur<span class=\"_ _6\"/>y in order<span class=\"_ _5\"/> to hedge <span class=\"_ _5\"/>these transaction risks.Borrowings ar<span class=\"_ _5\"/>e denominat<span class=\"_ _5\"/>ed in currencies tha<span class=\"_ _5\"/>t partly<span class=\"_ _5\"/> mat<span class=\"_ _5\"/>ch the cash flow<span class=\"_ _5\"/>s generat<span class=\"_ _5\"/>ed by <span class=\"_ _5\"/>the underl<span class=\"_ _5\"/>ying<span class=\"_ _6\"/> opera<span class=\"_ _5\"/>tions of <span class=\"_ _5\"/>the Group,<span class=\"_ _0\"/> primarily Eur<span class=\"_ _5\"/>o and US dollar<span class=\"_ _0\"/>.Arcadis gr<span class=\"_ _5\"/>oup companies can hav<span class=\"_ _5\"/>e positions in for<span class=\"_ _5\"/>eign currencies which are diff<span class=\"_ _5\"/>erent<span class=\"_ _5\"/> than their r<span class=\"_ _5\"/>espective functional currencies.<span class=\"_ _b\"/> For<span class=\"_ _5\"/> the main currencies <span class=\"_ _5\"/>the fol<span class=\"_ _5\"/>lowing positions per curr<span class=\"_ _5\"/>ency (transla<span class=\"_ _5\"/>ted in euros) ar<span class=\"_ _5\"/>e<span class=\"_ _6\"/> the cumulativ<span class=\"_ _5\"/>e gross exposures o<span class=\"_ _5\"/>f non-functional curr<span class=\"_ _5\"/>encies of<span class=\"_ _5\"/> all Ar<span class=\"_ _5\"/>cadis group companies c<span class=\"_ _5\"/>ombined.In \u20ac thousands<span class=\"_ _142\"> </span>in EUR<span class=\"_ _b0\"> </span>in USD<span class=\"_ _19d\"> </span>in GBP<span class=\"_ _ba\"> </span>in CNY<span class=\"_ _9e\"> </span>in BRL<span class=\"_ _ae\"> </span><span class=\"ws3c\">in AED<span class=\"_ _b0\"> </span></span>in CAD<span class=\"_ _68\"> </span><span class=\"ws3c\">in AUD</span>At<span class=\"_ _5\"/> 31 December 2022 T<span class=\"_ _b\"/>rade receivables<span class=\"_ _2e\"> </span> 4,722 <span class=\"_ _62\"> </span> 2<span class=\"_ _7\"/>9,<span class=\"_ _6\"/>513<span class=\"_ _7\"/> <span class=\"_ _20c\"> </span> 24,504 <span class=\"_ _20c\"> </span> 3<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,335<span class=\"_ _6\"/> <span class=\"_ _62\"> </span> 2<span class=\"_ _5\"/>1,229 <span class=\"_ _b0\"> </span> 5<span class=\"_ _5\"/>,000<span class=\"_ _5\"/> <span class=\"_ _ba\"> </span><span class=\"ls9d ws1\"> 4<span class=\"_ _6\"/>,983<span class=\"_ _6\"/> <span class=\"_ _ba\"> </span> 4,20<span class=\"_ _6\"/>0 </span>Cash and cash equivalen<span class=\"_ _5\"/>ts<span class=\"_ _57\"> </span> 3,<span class=\"_ _b\"/>080 <span class=\"_ _cf\"> </span> 13<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _7\"/>5<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _9e\"> </span> 2<span class=\"_ _7\"/>,<span class=\"_ _6\"/>111<span class=\"_ _7\"/> <span class=\"_ _50\"> </span> 592 <span class=\"_ _d6\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _a9\"> </span> 205 <span class=\"_ _19d\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>59<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _ba\"> </span> 1,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>4<span class=\"_ _7\"/>4 </span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _26\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _b0\"> </span> 71,75<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _201\"> </span><span class=\"lsed ws163\"> 11<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>3<span class=\"_ _7\"/>5<span class=\"_ _6\"/>6<span class=\"_ _7\"/> <span class=\"_ _dd\"> </span></span><span class=\"ws1\"> (8,523)<span class=\"_ _13a\"> </span> (2,539)<span class=\"_ _2c8\"> </span> (15,098)<span class=\"_ _14b\"> </span> (75,4<span class=\"_ _6\"/>03)<span class=\"_ _ce\"> </span><span class=\"lsf6 ws10f\"> 89,<span class=\"_ _6\"/>865<span class=\"_ _6\"/> </span></span>Loans and borro<span class=\"_ _5\"/>wings<span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _2c9\"> </span></span> (70,281<span class=\"_ _b\"/>)<span class=\"_ _200\"> </span> (1<span class=\"_ _b\"/>16,89<span class=\"_ _6\"/>0)<span class=\"_ _db\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _d9\"> </span> (<span class=\"_ _7\"/>6<span class=\"_ _6\"/>74<span class=\"_ _6\"/>)<span class=\"_ _2c9\"> </span> 11,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>5<span class=\"_ _7\"/>3<span class=\"_ _6\"/> <span class=\"_ _cf\"> </span><span class=\"lsf2 ws148\"> 75<span class=\"_ _6\"/>,3<span class=\"_ _6\"/>82<span class=\"_ _6\"/> <span class=\"_ _14b\"> </span></span> (93,6<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0)Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _d1\"> </span> (5,8<span class=\"_ _6\"/>01)<span class=\"_ _201\"> </span> (24,191<span class=\"_ _b\"/>)<span class=\"_ _6e\"> </span> (26,41<span class=\"_ _5\"/>3)<span class=\"_ _13a\"> </span> (1,189)<span class=\"_ _2c8\"> </span> (18,6<span class=\"_ _6\"/>63)<span class=\"_ _d8\"> </span><span class=\"lsf0 ws15c\"> (<span class=\"_ _6\"/>9<span class=\"_ _6\"/>8<span class=\"_ _6\"/>2)<span class=\"_ _dd\"> </span></span> (3,4<span class=\"_ _5\"/>19)<span class=\"_ _d8\"> </span> (200)Lease liabilities<span class=\"_ _2ca\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   </span>Balance exposur<span class=\"_ _5\"/>e<span class=\"_ _20f\"> </span> 2<span class=\"_ _6\"/>,0<span class=\"_ _7\"/>01 <span class=\"_ _20c\"> </span> 20,647 <span class=\"_ _b6\"> </span> 668 <span class=\"_ _2c9\"> </span> 2<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>21<span class=\"_ _6\"/>5<span class=\"_ _7\"/> <span class=\"_ _d0\"> </span><span class=\"lsf0 ws15c\"> (<span class=\"_ _6\"/>6<span class=\"_ _6\"/>47<span class=\"_ _6\"/>)<span class=\"_ _174\"> </span></span> 778 <span class=\"_ _ae\"> </span><span class=\"ls118 ws10e\"> 3<span class=\"_ _7\"/>,13<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _ae\"> </span><span class=\"ls101 wsac\"> 1,3<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>At<span class=\"_ _5\"/> 31 December 202<span class=\"_ _5\"/>1 T<span class=\"_ _b\"/>rade receivables<span class=\"_ _2e\"> </span> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>031<span class=\"_ _6\"/> <span class=\"_ _62\"> </span> 31,0<span class=\"_ _6\"/>55<span class=\"_ _6\"/> <span class=\"_ _2c9\"> </span> 3<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>1<span class=\"_ _7\"/>8<span class=\"_ _7\"/>9<span class=\"_ _7\"/> <span class=\"_ _20c\"> </span> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>8<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _62\"> </span><span class=\"lsf8 wse9\"> 2<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>416<span class=\"_ _7\"/> <span class=\"_ _ba\"> </span></span> 5,3<span class=\"_ _6\"/>89 <span class=\"_ _19d\"> </span><span class=\"lsf0 ws15c\"> 3,<span class=\"_ _6\"/>921<span class=\"_ _6\"/> <span class=\"_ _ae\"> </span></span> 4,29<span class=\"_ _6\"/>8 Cash and cash equivalen<span class=\"_ _5\"/>ts<span class=\"_ _57\"> </span> 4<span class=\"_ _6\"/>,28<span class=\"_ _6\"/>8 <span class=\"_ _cf\"> </span> 30,10<span class=\"_ _5\"/>1 <span class=\"_ _62\"> </span><span class=\"ls9d ws1\"> 1<span class=\"_ _5\"/>3,425 <span class=\"_ _19d\"> </span> 1,25<span class=\"_ _5\"/>9 <span class=\"_ _d6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _b2\"> </span><span class=\"lsee ws11e\"> 13<span class=\"_ _6\"/>8<span class=\"_ _7\"/> <span class=\"_ _19d\"> </span><span class=\"lsef ws11c\"> 1,8<span class=\"_ _6\"/>16<span class=\"_ _6\"/> <span class=\"_ _ba\"> </span></span></span></span> 3<span class=\"_ _6\"/>,238 </span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _26\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _d0\"> </span> 1,<span class=\"_ _6\"/>75<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _20c\"> </span><span class=\"ls127 ws184\"> 73<span class=\"_ _6\"/>,454<span class=\"_ _6\"/> <span class=\"_ _13a\"> </span></span><span class=\"ws1\"> (5,9<span class=\"_ _6\"/>44)<span class=\"_ _f3\"> </span> (7<span class=\"_ _b\"/>,173<span class=\"_ _5\"/>)<span class=\"_ _201\"> </span> (15,1<span class=\"_ _5\"/>6<span class=\"_ _6\"/>4)<span class=\"_ _62\"> </span> (4,00<span class=\"_ _6\"/>0)<span class=\"_ _62\"> </span><span class=\"lsf5 ws117\"> 70<span class=\"_ _7\"/>,6<span class=\"_ _6\"/>17<span class=\"_ _6\"/> </span></span>Loans and borro<span class=\"_ _5\"/>wings<span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _62\"> </span></span> (25,126)<span class=\"_ _3c\"> </span> (1<span class=\"_ _5\"/>0<span class=\"_ _6\"/>9,956)<span class=\"_ _db\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _b0\"> </span> 10<span class=\"_ _7\"/>,9<span class=\"_ _6\"/>13<span class=\"_ _7\"/> <span class=\"_ _b0\"> </span><span class=\"lsf6 ws10f\"> 2,8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0 <span class=\"_ _201\"> </span></span> (74,80<span class=\"_ _6\"/>6)Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _238\"> </span><span class=\"ls10c ws136\"> (<span class=\"_ _6\"/>3<span class=\"_ _6\"/>03)<span class=\"_ _6e\"> </span></span> (16,231<span class=\"_ _5\"/>)<span class=\"_ _2c8\"> </span> (14,34<span class=\"_ _6\"/>4)<span class=\"_ _d7\"> </span> (251<span class=\"_ _b\"/>)<span class=\"_ _6e\"> </span> (1<span class=\"_ _5\"/>3,4<span class=\"_ _6\"/>01<span class=\"_ _5\"/>)<span class=\"_ _d7\"> </span><span class=\"lsf5 ws117\"> (<span class=\"_ _6\"/>17<span class=\"_ _6\"/>3<span class=\"_ _6\"/>)<span class=\"_ _13a\"> </span></span> (2,99<span class=\"_ _6\"/>0)<span class=\"_ _d7\"> </span><span class=\"ls102 ws11a\"> (19<span class=\"_ _6\"/>2)</span>Lease liabilities<span class=\"_ _2cb\"> </span> 1,9<span class=\"_ _6\"/>53<span class=\"_ _6\"/> <span class=\"_ _50\"> </span> 10<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _174\"> </span> 24<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _d6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _48\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _48\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   </span>Balance exposur<span class=\"_ _5\"/>e<span class=\"_ _20f\"> </span> 8<span class=\"_ _6\"/>,96<span class=\"_ _6\"/>9 <span class=\"_ _62\"> </span> 21,6<span class=\"_ _6\"/>61<span class=\"_ _6\"/> <span class=\"_ _c3\"> </span> 14<span class=\"_ _6\"/> <span class=\"_ _62\"> </span> 1<span class=\"_ _5\"/>0,1<span class=\"_ _5\"/>53 <span class=\"_ _d0\"> </span><span class=\"ls102 ws11a\"> (<span class=\"_ _6\"/>15<span class=\"_ _6\"/>8<span class=\"_ _6\"/>)<span class=\"_ _ba\"> </span><span class=\"ls101 wsac\"> 1,<span class=\"_ _6\"/>103<span class=\"_ _6\"/> <span class=\"_ _19d\"> </span><span class=\"lsf0 ws15c\"> 1,5<span class=\"_ _6\"/>47<span class=\"_ _6\"/> <span class=\"_ _ae\"> </span></span></span> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span>The below<span class=\"_ _5\"/> exchange r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es were applied in <span class=\"_ _5\"/>the year<span class=\"_ _0\"/>.2022<span class=\"_ _27a\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>In \u20ac<span class=\"_ _116\"> </span>Average<span class=\"_ _9e\"> </span>Y<span class=\"_ _5\"/>ear-end<span class=\"_ _d7\"> </span><span class=\"fc6 ls10d ws12b\">A<span class=\"_ _5\"/>verag<span class=\"_ _6\"/>e<span class=\"_ _9e\"> </span><span class=\"ls9d wsac\">Y<span class=\"_ _5\"/>ear-end</span></span>US Dollar (USD)<span class=\"_ _189\"> </span> 0<span class=\"_ _6\"/>.95 <span class=\"_ _a6\"> </span> 0<span class=\"_ _6\"/>.93<span class=\"_ _6\"/> <span class=\"_ _4d\"> </span><span class=\"lsb2 ws191\"> 0.85 <span class=\"_ _4d\"> </span></span> 0.8<span class=\"_ _6\"/>8 Pound St<span class=\"_ _5\"/>erling (GBP)<span class=\"_ _216\"> </span> 1<span class=\"_ _6\"/>.<span class=\"_ _6\"/>17<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>13<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span><span class=\"lsef ws11c\"> 1.<span class=\"_ _6\"/>16<span class=\"_ _6\"/> <span class=\"_ _a5\"> </span><span class=\"ls102 ws11a\"> 1.<span class=\"_ _6\"/>19<span class=\"_ _6\"/> </span></span>Australian Dol<span class=\"_ _5\"/>lar (AUD)<span class=\"_ _90\"> </span> 0.66<span class=\"_ _6\"/> <span class=\"_ _4d\"> </span> 0.6<span class=\"_ _6\"/>3 <span class=\"_ _4d\"> </span> 0.6<span class=\"_ _6\"/>4 <span class=\"_ _4d\"> </span> 0.6<span class=\"_ _6\"/>4 Chinese Y<span class=\"_ _b\"/>uan Renminbi (CNY)<span class=\"_ _bb\"> </span><span class=\"lsfb ws134\"> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>14<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span><span class=\"lsee ws11e\"> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>13<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>13<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span></span> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>14<span class=\"_ _6\"/> </span>Canadian Dollar<span class=\"_ _5\"/> (CAD)<span class=\"_ _27e\"> </span><span class=\"ls127 ws164\">0.73<span class=\"_ _db\"> </span></span><span class=\"wsac\">0<span class=\"_ _6\"/>.69<span class=\"_ _db\"> </span>0.67<span class=\"_ _d6\"> </span><span class=\"lsf2 ws10e\">0<span class=\"_ _6\"/>.70</span></span>Brazilian Real (BRL)<span class=\"_ _217\"> </span> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>18<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span> 0.<span class=\"_ _6\"/>18<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span><span class=\"lsef ws11c\"> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>16<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span> 0<span class=\"_ _6\"/>.16<span class=\"_ _6\"/> </span>United <span class=\"_ _5\"/>Arab Emirat<span class=\"_ _5\"/>es Dirham (AED)<span class=\"_ _f7\"> </span><span class=\"ls3e ws132\"> 0.<span class=\"_ _6\"/>26 <span class=\"_ _a6\"> </span></span> 0.25 <span class=\"_ _a6\"> </span> 0.23 <span class=\"_ _a6\"> </span><span class=\"lsf0 ws15c\"> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>24<span class=\"_ _6\"/> </span>Arcadis uses deriv<span class=\"_ _5\"/>ative <span class=\"_ _5\"/>financial instruments in order<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o manage marke<span class=\"_ _5\"/>t risks associat<span class=\"_ _5\"/>ed with changes in for<span class=\"_ _5\"/>eign exchange r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es as well as in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t ra<span class=\"_ _5\"/>tes.<span class=\"_ _b\"/> All <span class=\"_ _5\"/>transactions are carried out in a<span class=\"_ _5\"/>ccordanc<span class=\"_ _5\"/>e with the Gr<span class=\"_ _5\"/>oup T<span class=\"_ _b\"/>reasury policy<span class=\"_ _5\"/>.<span class=\"_ _b\"/> The Group seeks t<span class=\"_ _5\"/>o apply<span class=\"_ _5\"/> hedge accoun<span class=\"_ _5\"/>ting where possible <span class=\"_ _5\"/>to mana<span class=\"_ _5\"/>ge vola<span class=\"_ _5\"/>tility in pro<span class=\"_ _5\"/>fit or loss.<span class=\"_ _b\"/> All <span class=\"_ _5\"/>foreign e<span class=\"_ _5\"/>xchange f<span class=\"_ _5\"/>orward transa<span class=\"_ _5\"/>ctions outstanding at<span class=\"_ _5\"/> year-end are due <span class=\"_ _5\"/>to ma<span class=\"_ _5\"/>ture in 2023.Sensitivity anal<span class=\"_ _b\"/>ysis currency risks F<span class=\"_ _5\"/>oreign currency sensitivity ana<span class=\"_ _5\"/>ly<span class=\"_ _5\"/>ses are performed by appl<span class=\"_ _b\"/>ying an expected possible <span class=\"_ _5\"/>volatility<span class=\"_ _5\"/> of a curr<span class=\"_ _5\"/>ency<span class=\"_ _5\"/>,<span class=\"_ _5\"/> assuming all o<span class=\"_ _5\"/>ther v<span class=\"_ _5\"/>ariables,<span class=\"_ _b\"/> in par<span class=\"_ _6\"/>ticular int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> remain constant.<span class=\"_ _0\"/> All monetary assets and liabilities o<span class=\"_ _5\"/>f the Group a<span class=\"_ _5\"/>t year<span class=\"_ _5\"/>-end are reva<span class=\"_ _5\"/>lued,<span class=\"_ _b\"/> which resul<span class=\"_ _5\"/>ts in a hypo<span class=\"_ _5\"/>thetical impact on ne<span class=\"_ _5\"/>t income and equity<span class=\"_ _5\"/> as summarized belo<span class=\"_ _5\"/>w<span class=\"_ _5\"/>.2022<span class=\"_ _27a\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>Impact on Impact on Impact on Impact on In \u20acnet inc<span class=\"_ _5\"/>omeequitynet inc<span class=\"_ _5\"/>omeequity10% change Euro against<span class=\"_ _5\"/> the US Dollar<span class=\"_ _34\"> </span> 6.9 <span class=\"_ _39\"> </span><span class=\"ls143 ws1af\"> 66.8 <span class=\"_ _de\"> </span></span> 6.0 <span class=\"_ _e4\"> </span><span class=\"lsed ws163\"> 5<span class=\"_ _7\"/>7.<span class=\"_ _7\"/>7<span class=\"_ _7\"/> </span>10% change Euro against<span class=\"_ _5\"/> the Pound St<span class=\"_ _5\"/>erling<span class=\"_ _23\"> </span> 3.1 <span class=\"_ _4d\"> </span> 4<span class=\"_ _6\"/>8.9<span class=\"_ _6\"/> <span class=\"_ _de\"> </span> 3.9 <span class=\"_ _a6\"> </span><span class=\"lsf6 ws10f\"> 49.1 </span>10% change Euro against<span class=\"_ _5\"/> the Austr<span class=\"_ _5\"/>alian Dollar<span class=\"_ _269\"> </span> - <span class=\"_ _114\"> </span> 14.<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _49\"> </span><span class=\"lsfc ws11b\"> 1.2<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span><span class=\"lsee ws11e\"> 13<span class=\"_ _6\"/>.<span class=\"_ _7\"/>0<span class=\"_ _6\"/> </span></span>All ma<span class=\"_ _5\"/>terial ba<span class=\"_ _5\"/>lance sheet positions ha<span class=\"_ _5\"/>ve been hedged with <span class=\"_ _5\"/>for<span class=\"_ _5\"/>eign exchange con<span class=\"_ _5\"/>tracts.<span class=\"_ _b\"/> The transla<span class=\"_ _b\"/>tion risk rela<span class=\"_ _5\"/>ting to subsidiaries <span class=\"_ _5\"/>with a functional currency o<span class=\"_ _5\"/>ther <span class=\"_ _5\"/>than the Group reporting currency o<span class=\"_ _5\"/>f Euro are no<span class=\"_ _b\"/>t hedged,<span class=\"_ _b\"/> in accordanc<span class=\"_ _5\"/>e with the Gr<span class=\"_ _5\"/>oup T<span class=\"_ _b\"/>reasury policy<span class=\"_ _5\"/>.(C2<span class=\"_ _5\"/>) Inter<span class=\"_ _5\"/>est r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e risksThe Group manages in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t ra<span class=\"_ _5\"/>te risks by<span class=\"_ _5\"/> financing fixed asse<span class=\"_ _5\"/>ts and par<span class=\"_ _6\"/>t o<span class=\"_ _5\"/>f current<span class=\"_ _5\"/> assets with shar<span class=\"_ _5\"/>eholders\u2019<span class=\"_ _b\"/> equity and long-<span class=\"_ _5\"/>term deb<span class=\"_ _5\"/>t.<span class=\"_ _b\"/> The remainder o<span class=\"_ _5\"/>f curren<span class=\"_ _5\"/>t assets is financed <span class=\"_ _5\"/>with short-term deb<span class=\"_ _b\"/>t including rev<span class=\"_ _5\"/>olving bank<span class=\"_ _5\"/> debt <span class=\"_ _5\"/>with variabl<span class=\"_ _5\"/>e inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>tes.<span class=\"_ _0\"/> Based on the inter<span class=\"_ _5\"/>est risk<span class=\"_ _5\"/> profile<span class=\"_ _5\"/>,<span class=\"_ _b\"/> financial instruments w<span class=\"_ _5\"/>ere outstanding during the <span class=\"_ _5\"/>year <span class=\"_ _5\"/>to co<span class=\"_ _5\"/>ver part o<span class=\"_ _5\"/>f the int<span class=\"_ _b\"/>erest ra<span class=\"_ _5\"/>te risk<span class=\"_ _5\"/> on long-t<span class=\"_ _5\"/>erm borrowings.<span class=\"_ _b\"/> This risk is applicable t<span class=\"_ _b\"/>o long-term deb<span class=\"_ _5\"/>t,<span class=\"_ _b\"/> shor<span class=\"_ _6\"/>t-t<span class=\"_ _5\"/>erm debt<span class=\"_ _5\"/> and bank over<span class=\"_ _5\"/>drafts in the C<span class=\"_ _5\"/>onsolidated ba<span class=\"_ _5\"/>lance sheet amounting t<span class=\"_ _b\"/>o \u20ac970.2 million a<span class=\"_ _5\"/>t <span class=\"_ _5\"/>year-end 2022 (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac263.7 million).<span class=\"_ _0\"/> The increase of<span class=\"_ _5\"/> \u20ac706.5 million is mainl<span class=\"_ _5\"/>y the resul<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f the \u20ac7<span class=\"_ _5\"/>50.0 million bridge loan f<span class=\"_ _5\"/>acility r<span class=\"_ _5\"/>eceived f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>the acquisition of<span class=\"_ _5\"/> IBI Group and DPS Group<span class=\"_ _5\"/>.The Group has \u20ac40.0 million of<span class=\"_ _5\"/> fixed <span class=\"_ _5\"/>to floa<span class=\"_ _5\"/>ting cross currency s<span class=\"_ _5\"/>waps t<span class=\"_ _5\"/>o manage currency risk<span class=\"_ _5\"/> and inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te risk in a<span class=\"_ _5\"/>ccordanc<span class=\"_ _5\"/>e with the Gr<span class=\"_ _5\"/>oup T<span class=\"_ _b\"/>reasury Policy<span class=\"_ _b\"/>.The Group T<span class=\"_ _0\"/>reasur<span class=\"_ _6\"/>y Policy<span class=\"_ _5\"/> stat<span class=\"_ _5\"/>es tha<span class=\"_ _5\"/>t the <span class=\"_ _5\"/>fixed portion of net<span class=\"_ _5\"/> debt<span class=\"_ _5\"/> should be at<span class=\"_ _5\"/> least 40% to pr<span class=\"_ _5\"/>ot<span class=\"_ _5\"/>ect against increases in int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>es as wel<span class=\"_ _5\"/>l as providing some certainty<span class=\"_ _5\"/> on expectations f<span class=\"_ _5\"/>or int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> expense in pro<span class=\"_ _5\"/>fit or loss.<span class=\"_ _b\"/> As of<span class=\"_ _5\"/> December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> this fixed portion of<span class=\"_ _5\"/> 40<span class=\"_ _6\"/>% is not <span class=\"_ _5\"/>the case as a resul<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>floating int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e bridge loan f<span class=\"_ _5\"/>acility<span class=\"_ _b\"/>.<span class=\"_ _5\"/> This t<span class=\"_ _b\"/>opic will be addressed <span class=\"_ _5\"/>when the refinancing pr<span class=\"_ _5\"/>ocess is arranged in 2023.Sensitivity anal<span class=\"_ _b\"/>ysis Inter<span class=\"_ _5\"/>est r<span class=\"_ _5\"/>ate riskInt<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e sensitivity anal<span class=\"_ _b\"/>yses are performed by appl<span class=\"_ _b\"/>ying an expected possible v<span class=\"_ _5\"/>olatility o<span class=\"_ _b\"/>f inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>tes,<span class=\"_ _b\"/> assuming all o<span class=\"_ _5\"/>ther v<span class=\"_ _5\"/>ariables remain cons<span class=\"_ _5\"/>tant.<span class=\"_ _b\"/> All int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/>-bearing liabilities of<span class=\"_ _5\"/> the Group a<span class=\"_ _5\"/>t year<span class=\"_ _5\"/>-end are rev<span class=\"_ _5\"/>alued,<span class=\"_ _b\"/> which resul<span class=\"_ _b\"/>ts in a hypothetica<span class=\"_ _5\"/>l impact on the pre-tax<span class=\"_ _5\"/> profit <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the year<span class=\"_ _5\"/> and equity as summarized below.2022<span class=\"_ _87\"> </span><span class=\"ff2 fc6 lscd wse4\">2021</span>Impact o<span class=\"_ _5\"/>f pre-tax Impact on<span class=\"ls3\"> </span>Impact o<span class=\"_ _5\"/>f pre-tax Impact on<span class=\"ls3\"> </span>In \u20acprofit<span class=\"_ _5\"/> for the yearequityprofit<span class=\"_ _5\"/> for the yearequityT<span class=\"_ _b\"/>en basis-points change to in<span class=\"_ _5\"/>terest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _2cc\"> </span><span class=\"wsac\">0.3<span class=\"_ _18a\"> </span>0.3<span class=\"_ _9b\"> </span>0.1<span class=\"_ _18a\"> </span>0.1</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__80": {
   "value": "(A<span class=\"_ _6\"/>) Credit risksCredit risk<span class=\"_ _5\"/> arises from r<span class=\"_ _5\"/>eceivables <span class=\"_ _5\"/>from cust<span class=\"_ _5\"/>omers as well as cash ba<span class=\"_ _5\"/>lances and fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lues of<span class=\"_ _5\"/> derivativ<span class=\"_ _5\"/>es with financial count<span class=\"_ _5\"/>erparties (e.g.<span class=\"_ _b\"/> banks).<span class=\"_ _b\"/> The credit risk on cus<span class=\"_ _5\"/>tomers is influenc<span class=\"_ _5\"/>ed mainly<span class=\"_ _5\"/> by <span class=\"_ _5\"/>the individual charact<span class=\"_ _5\"/>eristics of<span class=\"_ _5\"/> each cust<span class=\"_ _5\"/>omer<span class=\"_ _0\"/>.<span class=\"_ _5\"/> Arcadis usua<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y invoic<span class=\"_ _5\"/>es clients f<span class=\"_ _5\"/>or services acc<span class=\"_ _5\"/>ording t<span class=\"_ _5\"/>o the progress o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the work.<span class=\"_ _b\"/> If clients refuse or<span class=\"_ _5\"/> are unable <span class=\"_ _5\"/>to meet<span class=\"_ _5\"/> their c<span class=\"_ _5\"/>ontractual pa<span class=\"_ _5\"/>yment obliga<span class=\"_ _5\"/>tions,<span class=\"_ _b\"/> the Group ma<span class=\"_ _5\"/>y not<span class=\"_ _5\"/> have sufficient cash t<span class=\"_ _5\"/>o satisfy<span class=\"_ _5\"/> its liabilities and its growth and continued oper<span class=\"_ _5\"/>ations coul<span class=\"_ _5\"/>d be adversel<span class=\"_ _5\"/>y impact<span class=\"_ _5\"/>ed.The ke<span class=\"_ _5\"/>y objective of<span class=\"_ _5\"/> the Group<span class=\"_ _b\"/>\u2019s count<span class=\"_ _5\"/>erpar<span class=\"_ _6\"/>ty risk mana<span class=\"_ _5\"/>gement is <span class=\"_ _5\"/>to minimize <span class=\"_ _5\"/>the risk of<span class=\"_ _5\"/> losses as a resul<span class=\"_ _b\"/>t of failur<span class=\"_ _5\"/>e of an individua<span class=\"_ _5\"/>l financial count<span class=\"_ _b\"/>erpar<span class=\"_ _6\"/>ty tha<span class=\"_ _5\"/>t could nega<span class=\"_ _5\"/>tivel<span class=\"_ _5\"/>y impact<span class=\"_ _5\"/> the Group<span class=\"_ _5\"/>\u2019s resul<span class=\"_ _b\"/>ts.<span class=\"_ _5\"/> Arca<span class=\"_ _5\"/>dis aims to centr<span class=\"_ _5\"/>alize cash balanc<span class=\"_ _5\"/>es with banks tha<span class=\"_ _5\"/>t ha<span class=\"_ _5\"/>ve also pro<span class=\"_ _5\"/>vided committed credit<span class=\"_ _5\"/> fa<span class=\"_ _5\"/>cilities to <span class=\"_ _5\"/>the Group in order to r<span class=\"_ _5\"/>educe this coun<span class=\"_ _5\"/>terparty risk.The exposure <span class=\"_ _5\"/>to credit<span class=\"_ _5\"/> risk is monit<span class=\"_ _5\"/>ored on an ongoing basis at<span class=\"_ _5\"/> local entity<span class=\"_ _5\"/> and at gr<span class=\"_ _5\"/>oup level.<span class=\"_ _b\"/> Normall<span class=\"_ _b\"/>y<span class=\"_ _5\"/>,<span class=\"_ _5\"/> Arcadis onl<span class=\"_ _b\"/>y deals with c<span class=\"_ _5\"/>ounterparties tha<span class=\"_ _5\"/>t hav<span class=\"_ _5\"/>e a suff<span class=\"_ _6\"/>icientl<span class=\"_ _5\"/>y str<span class=\"_ _5\"/>ong credit ra<span class=\"_ _b\"/>ting.<span class=\"_ _5\"/> Where possible<span class=\"_ _5\"/>,<span class=\"_ _b\"/> Arcadis uses credit r<span class=\"_ _5\"/>atings pro<span class=\"_ _5\"/>vided by ext<span class=\"_ _b\"/>ernal credit ra<span class=\"_ _5\"/>ting agencies,<span class=\"_ _b\"/> thus monit<span class=\"_ _5\"/>oring creditworthiness in order t<span class=\"_ _5\"/>o manage the r<span class=\"_ _5\"/>elat<span class=\"_ _5\"/>ed credit risk.<span class=\"_ _b\"/> Furthermore,<span class=\"_ _b\"/> Arcadis s<span class=\"_ _5\"/>trongl<span class=\"_ _5\"/>y f<span class=\"_ _5\"/>ocuses on clients by<span class=\"_ _5\"/> strengthening the commercia<span class=\"_ _5\"/>l relationship and being mor<span class=\"_ _5\"/>e selective t<span class=\"_ _5\"/>o which clients services are o<span class=\"_ _5\"/>ffered.<span class=\"_ _b\"/> Through s<span class=\"_ _5\"/>yst<span class=\"_ _5\"/>ematic acc<span class=\"_ _5\"/>ount managemen<span class=\"_ _5\"/>t w<span class=\"_ _5\"/>e aim to buil<span class=\"_ _5\"/>d long-t<span class=\"_ _5\"/>erm relationships <span class=\"_ _5\"/>with selected mul<span class=\"_ _b\"/>tinational and k<span class=\"_ _5\"/>ey na<span class=\"_ _5\"/>tional/local clien<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> W<span class=\"_ _b\"/>e already<span class=\"_ _5\"/> have a r<span class=\"_ _5\"/>elationship with <span class=\"_ _5\"/>the majority of<span class=\"_ _5\"/> our mul<span class=\"_ _5\"/>tinational clien<span class=\"_ _5\"/>ts for<span class=\"_ _5\"/> more than <span class=\"_ _5\"/>five years.<span class=\"_ _b\"/> New cus<span class=\"_ _5\"/>tomers are ana<span class=\"_ _5\"/>lyz<span class=\"_ _5\"/>ed individuall<span class=\"_ _5\"/>y f<span class=\"_ _5\"/>or creditw<span class=\"_ _5\"/>or<span class=\"_ _6\"/>thiness bef<span class=\"_ _5\"/>ore services are off<span class=\"_ _5\"/>ered and monitor<span class=\"_ _5\"/>ed regularl<span class=\"_ _5\"/>y<span class=\"_ _5\"/>.The carrying amount of<span class=\"_ _5\"/> financial assets r<span class=\"_ _5\"/>epresents the maximum credit<span class=\"_ _5\"/> exposure<span class=\"_ _5\"/>.<span class=\"_ _5\"/> Per 3<span class=\"_ _b\"/>1 December 202<span class=\"_ _5\"/>2,<span class=\"_ _5\"/> the maximum exposure t<span class=\"_ _b\"/>o credit risk w<span class=\"_ _5\"/>as:In \u20ac thousands<span class=\"_ _105\"> </span>Note<span class=\"_ _101\"> </span><span class=\"fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>021Financial assets:T<span class=\"_ _b\"/>rade receivables<span class=\"_ _2ae\"> </span>21 <span class=\"_ _54\"> </span><span class=\"lsed ws109\">7<span class=\"_ _6\"/>4<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>3<span class=\"_ _7\"/>9<span class=\"_ _6\"/>2<span class=\"_ _7\"/> <span class=\"_ _37\"> </span><span class=\"lsef ws10b\">52<span class=\"_ _6\"/>1,8<span class=\"_ _6\"/>55<span class=\"_ _6\"/> </span></span>Contr<span class=\"_ _5\"/>act assets (unbilled r<span class=\"_ _5\"/>eceivables)<span class=\"_ _bb\"> </span>22 <span class=\"_ _49\"> </span><span class=\"ls6f ws77\">64<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>59<span class=\"_ _6\"/> <span class=\"_ _49\"> </span><span class=\"ls3e ws3a\">50<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,26<span class=\"_ _6\"/>8 </span></span>Other rec<span class=\"_ _5\"/>eivables<span class=\"_ _1cb\"> </span>24<span class=\"_ _6\"/> <span class=\"_ _46\"> </span><span class=\"lsef ws10b\">16<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>7<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _223\"> </span>16<span class=\"_ _6\"/>,7<span class=\"_ _6\"/>02<span class=\"_ _6\"/> </span>Other non-current<span class=\"_ _5\"/> assets<span class=\"_ _1c2\"> </span><span class=\"ls5b ws5b\">20 <span class=\"_ _38\"> </span></span><span class=\"wsac\">20,8<span class=\"_ _6\"/>89<span class=\"_ _6\"/> <span class=\"_ _223\"> </span><span class=\"lsfb ws117\">2<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>214<span class=\"_ _6\"/> </span></span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _21f\"> </span>19 <span class=\"_ _46\"> </span><span class=\"ls10f ws12c\">15<span class=\"_ _7\"/>,9<span class=\"_ _6\"/>4<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _19c\"> </span><span class=\"lsed ws109\">7,<span class=\"_ _7\"/>1<span class=\"_ _6\"/>0<span class=\"_ _7\"/>7<span class=\"_ _7\"/> </span></span>Loans t<span class=\"_ _5\"/>o associat<span class=\"_ _5\"/>es and joint v<span class=\"_ _5\"/>entures<span class=\"_ _26c\"> </span>17<span class=\"_ _6\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - </span> 1,445,756 <span class=\"_ _e3\"> </span> 1,06<span class=\"_ _6\"/>8,146 Cash and cash equivalen<span class=\"_ _5\"/>ts less bank ov<span class=\"_ _5\"/>erdrafts<span class=\"_ _117\"> </span><span class=\"wsac\">25<span class=\"_ _37\"> </span></span> 257<span class=\"_ _5\"/>,598 <span class=\"_ _de\"> </span><span class=\"lsf9 ws178\"> 3<span class=\"_ _6\"/>5<span class=\"_ _6\"/>0<span class=\"_ _7\"/>,9<span class=\"_ _6\"/>12<span class=\"_ _6\"/> </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _264\"> </span><span class=\"ls9d ws1\"> 1,703,354 <span class=\"_ _c3\"> </span> 1,41<span class=\"_ _5\"/>9,05<span class=\"_ _6\"/>8 </span>T<span class=\"_ _b\"/>rade receiv<span class=\"_ _5\"/>ablesT<span class=\"_ _b\"/>rade receiv<span class=\"_ _5\"/>ables are presen<span class=\"_ _5\"/>ted net<span class=\"_ _5\"/> of<span class=\"_ _5\"/> a provision f<span class=\"_ _5\"/>or expect<span class=\"_ _5\"/>ed credit l<span class=\"_ _5\"/>osses.<span class=\"_ _5\"/> The credit<span class=\"_ _5\"/> risk is measured and anal<span class=\"_ _5\"/>yzed on a loca<span class=\"_ _5\"/>l level a<span class=\"_ _5\"/>t regular<span class=\"_ _5\"/> intervals,<span class=\"_ _0\"/> taking into c<span class=\"_ _5\"/>onsideration,<span class=\"_ _0\"/> amongst others,<span class=\"_ _0\"/> the financial situa<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the debt<span class=\"_ _b\"/>or and ageing of<span class=\"_ _5\"/> receivabl<span class=\"_ _5\"/>es.<span class=\"_ _b\"/> Expec<span class=\"_ _6\"/>ted losses ar<span class=\"_ _5\"/>e determined in line <span class=\"_ _5\"/>with IFRS 9,<span class=\"_ _b\"/> see not<span class=\"_ _5\"/>e 21<span class=\"_ _5\"/>.The ageing o<span class=\"_ _5\"/>f T<span class=\"_ _b\"/>rade r<span class=\"_ _5\"/>eceivables and <span class=\"_ _5\"/>the provision f<span class=\"_ _b\"/>or T<span class=\"_ _b\"/>rade rec<span class=\"_ _5\"/>eivables a<span class=\"_ _5\"/>t reporting dat<span class=\"_ _5\"/>e is disclosed below and in not<span class=\"_ _5\"/>e 21<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The ageing o<span class=\"_ _5\"/>f rec<span class=\"_ _5\"/>eivables has led <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the recognition of<span class=\"_ _5\"/> (expected) cr<span class=\"_ _5\"/>edit losses and calibr<span class=\"_ _5\"/>ation of<span class=\"_ _5\"/> assumptions as included in <span class=\"_ _5\"/>the Goodwill impairment<span class=\"_ _5\"/> tes<span class=\"_ _5\"/>t.The movemen<span class=\"_ _5\"/>t schedule f<span class=\"_ _b\"/>or the provision <span class=\"_ _5\"/>for<span class=\"_ _5\"/> T<span class=\"_ _b\"/>rade receiv<span class=\"_ _5\"/>ables is included in no<span class=\"_ _5\"/>te 2<span class=\"_ _5\"/>1<span class=\"_ _5\"/>.2022<span class=\"_ _26b\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>Gross Provision Provision Gross Provision Provision In \u20ac thousandsReceiv<span class=\"_ _5\"/>ablesbad debtECLReceiv<span class=\"_ _5\"/>ablesbad debtECLNot<span class=\"_ _5\"/> past due<span class=\"_ _2a3\"> </span> 509,257 <span class=\"_ _174\"> </span> (3,310)<span class=\"_ _e0\"> </span> (329)<span class=\"_ _ae\"> </span><span class=\"lsf7 ws17f\"> 3<span class=\"_ _7\"/>8<span class=\"_ _6\"/>6<span class=\"_ _7\"/>,<span class=\"_ _7\"/>174<span class=\"_ _6\"/> <span class=\"_ _50\"> </span></span> (4,218)<span class=\"_ _d2\"> </span><span class=\"lsf0 ws15c\"> (<span class=\"_ _6\"/>24<span class=\"_ _6\"/>4)</span>Past due 0-3<span class=\"_ _6\"/>0 days<span class=\"_ _140\"> </span> 8<span class=\"_ _6\"/>6,3<span class=\"_ _6\"/>60<span class=\"_ _6\"/> <span class=\"_ _d4\"> </span> (<span class=\"_ _6\"/>95<span class=\"_ _6\"/>3)<span class=\"_ _db\"> </span> (3<span class=\"_ _6\"/>2)<span class=\"_ _d7\"> </span><span class=\"ls110 ws15f\"> 65<span class=\"_ _6\"/>,439<span class=\"_ _6\"/> <span class=\"_ _da\"> </span></span> (1,3<span class=\"_ _5\"/>14)<span class=\"_ _14c\"> </span><span class=\"ls10c ws136\"> (<span class=\"_ _6\"/>33)</span>Past due 3<span class=\"_ _5\"/>1-60 days<span class=\"_ _271\"> </span><span class=\"lsf6 ws10f\"> 49,8<span class=\"_ _6\"/>4<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _174\"> </span></span> (1,878)<span class=\"_ _14c\"> </span> (10)<span class=\"_ _d0\"> </span> 28,4<span class=\"_ _6\"/>0<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _e0\"> </span><span class=\"ls164 ws197\"> (<span class=\"_ _5\"/>906)<span class=\"_ _14c\"> </span><span class=\"lsfc ws11b\"> (18<span class=\"_ _6\"/>)</span></span>Past due 6<span class=\"_ _5\"/>1-1<span class=\"_ _5\"/>20 days<span class=\"_ _275\"> </span> 33,0<span class=\"_ _6\"/>93<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span><span class=\"lsf7 ws17f\"> (<span class=\"_ _6\"/>3<span class=\"_ _6\"/>74<span class=\"_ _6\"/>)<span class=\"_ _db\"> </span></span> (77)<span class=\"_ _aa\"> </span> 1<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>6<span class=\"_ _7\"/>2<span class=\"_ _6\"/>2<span class=\"_ _7\"/> <span class=\"_ _d4\"> </span><span class=\"ls10d ws10d\"> (6<span class=\"_ _6\"/>07<span class=\"_ _6\"/>)<span class=\"_ _db\"> </span><span class=\"lsf9 ws178\"> (<span class=\"_ _6\"/>12<span class=\"_ _6\"/>)</span></span>Past due 1<span class=\"_ _b\"/>21-36<span class=\"_ _6\"/>4 days<span class=\"_ _2af\"> </span><span class=\"ls3 ws137\"> 48,349 <span class=\"_ _b6\"> </span></span> (4,6<span class=\"_ _6\"/>62)<span class=\"_ _e0\"> </span> (2<span class=\"_ _6\"/>24)<span class=\"_ _63\"> </span><span class=\"lsf2 ws148\"> 22<span class=\"_ _6\"/>,5<span class=\"_ _6\"/>70 <span class=\"_ _174\"> </span></span> (5,756)<span class=\"_ _db\"> </span><span class=\"lsf9 ws178\"> (<span class=\"_ _6\"/>12<span class=\"_ _6\"/>)</span>More than 364 days due<span class=\"_ _c5\"> </span><span class=\"lsfc ws11b\"> 72,<span class=\"_ _6\"/>218 <span class=\"_ _4e\"> </span></span> (4<span class=\"_ _5\"/>2,525)<span class=\"_ _39\"> </span> (<span class=\"_ _6\"/>11<span class=\"_ _6\"/>8<span class=\"_ _7\"/>)<span class=\"_ _63\"> </span><span class=\"ls128 ws18d\"> 52,738<span class=\"_ _6\"/> <span class=\"_ _9e\"> </span></span> (39,69<span class=\"_ _6\"/>6)<span class=\"_ _e0\"> </span><span class=\"lsf2 ws148\"> (<span class=\"_ _6\"/>370)</span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _af\"> </span> 7<span class=\"_ _6\"/>9<span class=\"_ _7\"/>9<span class=\"_ _6\"/>,<span class=\"_ _6\"/>11<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _cd\"> </span><span class=\"ls9d ws1\"> (53,702)<span class=\"_ _c3\"> </span><span class=\"ls2 ws14a\"> (<span class=\"_ _6\"/>79<span class=\"_ _6\"/>0)<span class=\"_ _b0\"> </span><span class=\"lsfc ws11b\"> 572<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>51<span class=\"_ _6\"/> <span class=\"_ _9f\"> </span></span></span> (52<span class=\"_ _6\"/>,497)<span class=\"_ _d2\"> </span><span class=\"ls2 ws14a\"> (6<span class=\"_ _6\"/>89)</span></span>There are <span class=\"_ _5\"/>various reasons f<span class=\"_ _b\"/>or delays in pa<span class=\"_ _5\"/>yments tha<span class=\"_ _5\"/>t resul<span class=\"_ _b\"/>t in past due amoun<span class=\"_ _5\"/>ts and that<span class=\"_ _5\"/> impact Da<span class=\"_ _5\"/>ys Sales Outstanding (DSO).<span class=\"_ _b\"/> Arca<span class=\"_ _5\"/>dis has overdue r<span class=\"_ _5\"/>eceivables <span class=\"_ _5\"/>which are general<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> considered col<span class=\"_ _5\"/>lectible and f<span class=\"_ _5\"/>or which the risk o<span class=\"_ _5\"/>f impairment<span class=\"_ _5\"/> is remot<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> Amounts due a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 subject t<span class=\"_ _5\"/>o the <span class=\"_ _b\"/>\u2018paid-<span class=\"_ _5\"/>when-paid principle\u2019<span class=\"_ _0\"/> are disclosed in not<span class=\"_ _5\"/>e 21<span class=\"_ _b\"/>. Further details on ho<span class=\"_ _5\"/>w Arca<span class=\"_ _5\"/>dis uses this principle <span class=\"_ _5\"/>to manage <span class=\"_ _5\"/>working capital is disclosed in <span class=\"_ _5\"/>the section<span class=\"_ _6\"/> on liquidity risk.Other rec<span class=\"_ _5\"/>eivables and non-current<span class=\"_ _5\"/> assetsOther rec<span class=\"_ _5\"/>eivables and Other non-curren<span class=\"_ _5\"/>t assets are monit<span class=\"_ _b\"/>ored for<span class=\"_ _5\"/> expected credit<span class=\"_ _5\"/> losses.<span class=\"_ _b\"/> They do no<span class=\"_ _b\"/>t contain impair<span class=\"_ _5\"/>ed assets and are no<span class=\"_ _5\"/>t past due<span class=\"_ _5\"/>.Loans <span class=\"_ _5\"/>to associat<span class=\"_ _b\"/>es and joint ven<span class=\"_ _5\"/>turesLoans <span class=\"_ _5\"/>to associat<span class=\"_ _b\"/>es and joint ven<span class=\"_ _5\"/>tures are subject <span class=\"_ _5\"/>to credit<span class=\"_ _5\"/> risk.<span class=\"_ _5\"/> A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> no mat<span class=\"_ _5\"/>erial loans t<span class=\"_ _5\"/>o associat<span class=\"_ _5\"/>es were outstanding.Cash and cash equival<span class=\"_ _5\"/>entsThe credit risk<span class=\"_ _5\"/> of<span class=\"_ _5\"/> Cash and cash equivalen<span class=\"_ _5\"/>ts is the risk <span class=\"_ _5\"/>that c<span class=\"_ _5\"/>ounterparties are no<span class=\"_ _5\"/>t able t<span class=\"_ _b\"/>o repay amoun<span class=\"_ _5\"/>ts owed to <span class=\"_ _5\"/>Arcadis upon reques<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> Arca<span class=\"_ _5\"/>dis.<span class=\"_ _b\"/> The objective of <span class=\"_ _5\"/>the Group is t<span class=\"_ _5\"/>o minimize credit<span class=\"_ _5\"/> risk exposure in Cash and cash equival<span class=\"_ _5\"/>ents by in<span class=\"_ _5\"/>vesting in liquid securities and ent<span class=\"_ _5\"/>ering int<span class=\"_ _5\"/>o transactions inv<span class=\"_ _5\"/>olving deriv<span class=\"_ _5\"/>ative <span class=\"_ _5\"/>financial instruments onl<span class=\"_ _b\"/>y with coun<span class=\"_ _5\"/>terparties that<span class=\"_ _5\"/> have sound cr<span class=\"_ _5\"/>edit ra<span class=\"_ _5\"/>tings,<span class=\"_ _b\"/> a good reputation and belong <span class=\"_ _5\"/>to the group o<span class=\"_ _5\"/>f Core banks <span class=\"_ _5\"/>which also pro<span class=\"_ _5\"/>vide committed cr<span class=\"_ _5\"/>edit fa<span class=\"_ _5\"/>cilities.<span class=\"_ _b\"/> The relat<span class=\"_ _5\"/>ed risk is monit<span class=\"_ _5\"/>ored on an ongoing basis both a<span class=\"_ _5\"/>t loca<span class=\"_ _5\"/>l entity and group l<span class=\"_ _5\"/>evel.<span class=\"_ _b\"/> The Group k<span class=\"_ _5\"/>eeps approxima<span class=\"_ _5\"/>tel<span class=\"_ _b\"/>y 66% (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 85%) of<span class=\"_ _5\"/> its cash reserves at<span class=\"_ _5\"/> our Cor<span class=\"_ _5\"/>e banks and is only<span class=\"_ _5\"/> allo<span class=\"_ _5\"/>wed t<span class=\"_ _5\"/>o invest<span class=\"_ _5\"/> in short-term,<span class=\"_ _0\"/> liquid securities with count<span class=\"_ _5\"/>erpar<span class=\"_ _6\"/>ties tha<span class=\"_ _5\"/>t hav<span class=\"_ _5\"/>e an inves<span class=\"_ _5\"/>tment gra<span class=\"_ _5\"/>de rating <span class=\"_ _5\"/>from Standar<span class=\"_ _5\"/>d &amp; Poor\u2019s,<span class=\"_ _b\"/> Moody<span class=\"_ _6\"/>\u2019s or Fit<span class=\"_ _b\"/>ch.<span class=\"_ _5\"/> Management monit<span class=\"_ _5\"/>ors these ra<span class=\"_ _b\"/>tings and<span class=\"_ _6\"/> does not<span class=\"_ _5\"/> expect any<span class=\"_ _5\"/> such count<span class=\"_ _5\"/>erpar<span class=\"_ _6\"/>ty t<span class=\"_ _5\"/>o fail <span class=\"_ _5\"/>to mee<span class=\"_ _5\"/>t its obligations in <span class=\"_ _5\"/>the shor<span class=\"_ _6\"/>t-<span class=\"_ _5\"/>term.<span class=\"_ _b\"/> The change in percen<span class=\"_ _5\"/>tage of<span class=\"_ _5\"/> Core banks compar<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o last y<span class=\"_ _5\"/>ear is mainl<span class=\"_ _5\"/>y caused by<span class=\"_ _5\"/> the acquisition o<span class=\"_ _b\"/>f IBI Group and DPS Group tha<span class=\"_ _b\"/>t are using other<span class=\"_ _5\"/> banks than our o<span class=\"_ _5\"/>wn Core banks.Guarant<span class=\"_ _5\"/>ees and lett<span class=\"_ _5\"/>ers of<span class=\"_ _5\"/> creditOn behal<span class=\"_ _5\"/>f of<span class=\"_ _5\"/> the Group and l<span class=\"_ _5\"/>ocal entities,<span class=\"_ _b\"/> financial institutions (such as banks and insuranc<span class=\"_ _5\"/>e companies) hav<span class=\"_ _5\"/>e provided bank<span class=\"_ _5\"/> guarant<span class=\"_ _5\"/>ees,<span class=\"_ _b\"/> surety bonds and le<span class=\"_ _5\"/>tters o<span class=\"_ _5\"/>f credit amoun<span class=\"_ _5\"/>ting t<span class=\"_ _5\"/>o \u20ac15<span class=\"_ _b\"/>1.6 mil<span class=\"_ _5\"/>lion outstanding as at 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac1<span class=\"_ _5\"/>4<span class=\"_ _5\"/>1.3 mil<span class=\"_ _5\"/>lion).<span class=\"_ _5\"/> In addition,<span class=\"_ _b\"/> Arcadis NV<span class=\"_ _5\"/> has provided <span class=\"_ _5\"/>financial guarant<span class=\"_ _5\"/>ees to banks for<span class=\"_ _5\"/> a maximum amount of<span class=\"_ _5\"/> \u20ac1<span class=\"_ _b\"/>77<span class=\"_ _b\"/>.6 million (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _b\"/>63.0 million).<span class=\"_ _b\"/> No Expec<span class=\"_ _6\"/>ted Credit<span class=\"_ _5\"/> Losses are r<span class=\"_ _5\"/>ecognized from these guarant<span class=\"_ _5\"/>ees.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__81": {
   "value": "(B) Liquidity risks Liquidity risk<span class=\"_ _5\"/> is the risk tha<span class=\"_ _b\"/>t Arcadis <span class=\"_ _5\"/>will not<span class=\"_ _5\"/> be able t<span class=\"_ _5\"/>o meet its <span class=\"_ _5\"/>financial obligations as <span class=\"_ _5\"/>they f<span class=\"_ _5\"/>all due<span class=\"_ _5\"/>.<span class=\"_ _5\"/> The primary objective of<span class=\"_ _5\"/> liquidity management<span class=\"_ _5\"/> is providing f<span class=\"_ _b\"/>or suff<span class=\"_ _6\"/>icient c<span class=\"_ _5\"/>ommitted credit<span class=\"_ _5\"/> facilities and cash and cash equival<span class=\"_ _5\"/>ents t<span class=\"_ _5\"/>o enable Arca<span class=\"_ _5\"/>dis t<span class=\"_ _5\"/>o meet its liabilities when due<span class=\"_ _5\"/>,<span class=\"_ _b\"/> under both normal and s<span class=\"_ _5\"/>tressed conditions,<span class=\"_ _b\"/> without incurring unac<span class=\"_ _5\"/>ceptabl<span class=\"_ _5\"/>e losses or risking damage <span class=\"_ _5\"/>to <span class=\"_ _5\"/>Arcadis.<span class=\"_ _b\"/> Our Group <span class=\"_ _5\"/>T<span class=\"_ _b\"/>reasur<span class=\"_ _6\"/>y Policy supports this principle by<span class=\"_ _5\"/> stating <span class=\"_ _5\"/>that<span class=\"_ _5\"/> the Group aims t<span class=\"_ _b\"/>o have no more <span class=\"_ _5\"/>than 33% o<span class=\"_ _5\"/>f t<span class=\"_ _5\"/>otal <span class=\"_ _5\"/>fixed debt<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o be refinanced in any one year<span class=\"_ _5\"/> and tha<span class=\"_ _5\"/>t the minimal liquidity<span class=\"_ _5\"/> at<span class=\"_ _5\"/> any given poin<span class=\"_ _5\"/>t in time shoul<span class=\"_ _5\"/>d al<span class=\"_ _5\"/>way<span class=\"_ _5\"/>s exc<span class=\"_ _5\"/>eed \u20ac20<span class=\"_ _6\"/>0.0 million.Neither <span class=\"_ _5\"/>the aged (un)billed rec<span class=\"_ _5\"/>eivables o<span class=\"_ _5\"/>f individual cus<span class=\"_ _5\"/>tomers,<span class=\"_ _b\"/> nor the pr<span class=\"_ _5\"/>ofile o<span class=\"_ _5\"/>f the ac<span class=\"_ _5\"/>counts rec<span class=\"_ _5\"/>eivable portfolio,<span class=\"_ _b\"/> impose a significant thr<span class=\"_ _5\"/>eat<span class=\"_ _5\"/> to <span class=\"_ _5\"/>the Group<span class=\"_ _5\"/>\u2019s liquidity planning.Over the course o<span class=\"_ _5\"/>f the year<span class=\"_ _0\"/>,<span class=\"_ _b\"/> f<span class=\"_ _6\"/>luctuations occur in the working capital needed to finance opera<span class=\"_ _5\"/>tions.<span class=\"_ _b\"/> The <span class=\"_ _6\"/>Group strives <span class=\"_ _5\"/>to ha<span class=\"_ _5\"/>ve a good liquidity position a<span class=\"_ _5\"/>t al<span class=\"_ _5\"/>l times,<span class=\"_ _b\"/> strictly<span class=\"_ _5\"/> control<span class=\"_ _5\"/>ling working capital b<span class=\"_ _5\"/>y optimizing bil<span class=\"_ _5\"/>ling and coll<span class=\"_ _5\"/>ection and consequentl<span class=\"_ _5\"/>y maintaining a heal<span class=\"_ _b\"/>thy net<span class=\"_ _5\"/> debt <span class=\"_ _5\"/>to EBITD<span class=\"_ _5\"/>A ra<span class=\"_ _5\"/>tio.T<span class=\"_ _b\"/>o manage w<span class=\"_ _5\"/>orking capital,<span class=\"_ _5\"/> but onl<span class=\"_ _5\"/>y if<span class=\"_ _5\"/> legall<span class=\"_ _b\"/>y allo<span class=\"_ _5\"/>wed and commercia<span class=\"_ _5\"/>ll<span class=\"_ _5\"/>y possible<span class=\"_ _5\"/>,<span class=\"_ _5\"/> Arca<span class=\"_ _5\"/>dis agrees with part o<span class=\"_ _5\"/>f its sub-<span class=\"_ _6\"/>contr<span class=\"_ _5\"/>actors so-called <span class=\"_ _b\"/>\u2018paid-<span class=\"_ _5\"/>when-paid\u2019<span class=\"_ _b\"/> clauses.<span class=\"_ _5\"/> This means tha<span class=\"_ _5\"/>t <span class=\"_ _5\"/>Arcadis is in such instances be<span class=\"_ _5\"/>tter<span class=\"_ _5\"/> able to ma<span class=\"_ _5\"/>tch <span class=\"_ _5\"/>the cash inflows <span class=\"_ _5\"/>from debt<span class=\"_ _b\"/>ors with the rela<span class=\"_ _5\"/>ted cash outflow<span class=\"_ _5\"/>s to suppliers,<span class=\"_ _0\"/> as the timing o<span class=\"_ _5\"/>f the paymen<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> the supplier is dependen<span class=\"_ _5\"/>t on the c<span class=\"_ _5\"/>ollection of<span class=\"_ _5\"/> the receiv<span class=\"_ _5\"/>able from a clien<span class=\"_ _5\"/>t.<span class=\"_ _b\"/> This could how<span class=\"_ _5\"/>ever be impacted b<span class=\"_ _5\"/>y contr<span class=\"_ _5\"/>actual clauses and/<span class=\"_ _5\"/>or loca<span class=\"_ _5\"/>l laws and r<span class=\"_ _5\"/>egulations tha<span class=\"_ _b\"/>t limit the maximum ext<span class=\"_ _5\"/>ension of paymen<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>erms t<span class=\"_ _5\"/>o a moment bef<span class=\"_ _5\"/>ore Ar<span class=\"_ _5\"/>cadis gets paid by<span class=\"_ _5\"/> its client.<span class=\"_ _b\"/> In case of non-pa<span class=\"_ _5\"/>yment b<span class=\"_ _5\"/>y the deb<span class=\"_ _5\"/>tor<span class=\"_ _0\"/>,<span class=\"_ _b\"/> Arcadis s<span class=\"_ _5\"/>till has t<span class=\"_ _5\"/>o fulfil its obliga<span class=\"_ _5\"/>tions t<span class=\"_ _5\"/>owards <span class=\"_ _5\"/>the supplier under a <span class=\"_ _b\"/>\u2018paid-<span class=\"_ _5\"/>when-paid\u2019<span class=\"_ _b\"/> clause.<span class=\"_ _b\"/> Accounts pa<span class=\"_ _b\"/>yable at<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 2022 subject<span class=\"_ _5\"/> to <span class=\"_ _5\"/>the <span class=\"_ _b\"/>\u2018paid-when-paid principl<span class=\"_ _5\"/>e\u2019<span class=\"_ _b\"/> are disclosed in no<span class=\"_ _5\"/>te 30.<span class=\"_ _b\"/> The expectation is <span class=\"_ _5\"/>that all a<span class=\"_ _5\"/>ccounts pa<span class=\"_ _5\"/>yable <span class=\"_ _5\"/>will be paid within <span class=\"_ _5\"/>the normal course o<span class=\"_ _5\"/>f business and are ther<span class=\"_ _5\"/>efor<span class=\"_ _5\"/>e classified as shor<span class=\"_ _6\"/>t-term liabilities.A descrip<span class=\"_ _5\"/>tion and anal<span class=\"_ _5\"/>ysis of<span class=\"_ _5\"/> the credit<span class=\"_ _5\"/> lines listed abo<span class=\"_ _5\"/>ve and its movemen<span class=\"_ _5\"/>ts compared t<span class=\"_ _5\"/>o last <span class=\"_ _5\"/>year is provided in no<span class=\"_ _5\"/>te 30.Lines of<span class=\"_ _5\"/> credit The Company<span class=\"_ _5\"/> maintains the lines o<span class=\"_ _5\"/>f credit<span class=\"_ _5\"/> as summarized in the <span class=\"_ _5\"/>table below<span class=\"_ _0\"/>.In millions<span class=\"_ _2b0\"> </span><span class=\"ff1 fs7b fc1 ls3e\">31 December<span class=\"_ _5\"/> 2022<span class=\"_ _1a5\"> </span><span class=\"ff2 fc6\">3<span class=\"_ _5\"/>1 December 202<span class=\"_ _5\"/>1</span></span>T<span class=\"_ _5\"/>ype<span class=\"_ _2b1\"> </span>Inter<span class=\"_ _5\"/>est/fees<span class=\"_ _2b2\"> </span>A<span class=\"_ _5\"/>vailable<span class=\"_ _150\"> </span>Utilized<span class=\"_ _2b2\"> </span><span class=\"fc6\">A<span class=\"_ _5\"/>vailable<span class=\"_ _150\"> </span>Utiliz<span class=\"_ _5\"/>ed</span>in \u20ac millions<span class=\"_ _11c\"> </span>CAD<span class=\"_ _48\"> </span>USD<span class=\"_ _48\"> </span>EUR<span class=\"_ _37\"> </span>C<span class=\"_ _6\"/>AD<span class=\"_ _37\"> </span>USD<span class=\"_ _48\"> </span>EUR<span class=\"_ _48\"> </span><span class=\"fc6\">CAD<span class=\"_ _48\"> </span>USD<span class=\"_ _48\"> </span>EUR<span class=\"_ _37\"> </span>CAD<span class=\"_ _48\"> </span>USD<span class=\"_ _48\"> </span>EUR</span>Bridge Loan F<span class=\"_ _5\"/>acility<span class=\"_ _2b3\"> </span><span class=\"wsac\">EURIBOR<span class=\"_ _1af\"> </span>\u20ac750.0<span class=\"_ _1af\"> </span>\u20ac750.0<span class=\"_ _26a\"> </span>\u20ac0<span class=\"_ _6\"/>.0<span class=\"_ _26a\"> </span>\u20ac0.0</span>Rev<span class=\"_ _5\"/>olving Credit<span class=\"_ _5\"/> Facility<span class=\"_ _290\"> </span><span class=\"wsac\">EURIBOR<span class=\"_ _1af\"> </span>\u20ac500<span class=\"_ _6\"/>.0<span class=\"_ _26a\"> </span>\u20ac0.0<span class=\"_ _154\"> </span>\u20ac5<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0.0<span class=\"_ _26a\"> </span>\u20ac0.0</span>Debentures IBI<span class=\"_ _81\"> </span><span class=\"wsac\">6<span class=\"_ _6\"/>.50<span class=\"_ _6\"/>%<span class=\"_ _b6\"> </span>CA$29.3<span class=\"_ _c5\"> </span>\u20ac20.1<span class=\"_ _b7\"> </span>CA$2<span class=\"_ _6\"/>9.3<span class=\"_ _c5\"> </span>\u20ac20.1</span>Committ<span class=\"_ _5\"/>ed facilities<span class=\"_ _92\"> </span><span class=\"wsac\">EURIBOR<span class=\"_ _1d1\"> </span>\u20ac0.0<span class=\"_ _26a\"> </span>\u20ac0.0<span class=\"_ _26a\"> </span>\u20ac0.0<span class=\"_ _1d1\"> </span>\u20ac0.0</span>Uncommitted mul<span class=\"_ _5\"/>ti-currency facilities<span class=\"_ _f0\"> </span><span class=\"wsac\">Floating<span class=\"_ _1af\"> </span>\u20ac120.0<span class=\"_ _26a\"> </span>\u20ac0.0<span class=\"_ _1af\"> </span>\u20ac100.0<span class=\"_ _1d1\"> </span>\u20ac0.0</span>Schuldschein not<span class=\"_ _5\"/>es<span class=\"_ _ef\"> </span><span class=\"wsac\">Fixed/floating<span class=\"_ _154\"> </span>\u20ac190.0<span class=\"_ _1af\"> </span>\u20ac190<span class=\"_ _6\"/>.0<span class=\"_ _1af\"> </span>\u20ac254.0<span class=\"_ _1af\"> </span>\u20ac254.0</span>Schuldschein not<span class=\"_ _5\"/>es<span class=\"_ _ef\"> </span><span class=\"wsac\">Fixed/floating<span class=\"_ _c5\"> </span>US$0<span class=\"_ _54\"> </span>\u20ac0.0<span class=\"_ _c5\"> </span>US$0<span class=\"_ _54\"> </span>\u20ac0.0<span class=\"_ _14d\"> </span>US$13.0<span class=\"_ _252\"> </span>\u20ac1<span class=\"_ _5\"/>1.4<span class=\"_ _14d\"> </span>US$1<span class=\"_ _b\"/>3<span class=\"_ _6\"/>.0<span class=\"_ _252\"> </span>\u20ac11<span class=\"_ _5\"/>.4</span>Guarant<span class=\"_ _5\"/>ee facility<span class=\"_ _262\"> </span>0.30<span class=\"_ _6\"/>% -<span class=\"_ _5\"/> <span class=\"_ _6\"/>0<span class=\"_ _6\"/>.65%<span class=\"_ _186\"> </span><span class=\"wsac\">\u20ac76.2<span class=\"_ _c1\"> </span>\u20ac41<span class=\"_ _5\"/>.3<span class=\"_ _186\"> </span>\u20ac63.7<span class=\"_ _186\"> </span>\u20ac42.1</span>Other (loans)<span class=\"_ _180\"> </span><span class=\"wsac\">V<span class=\"_ _5\"/>arious<span class=\"_ _186\"> </span>\u20ac33.7<span class=\"_ _26a\"> </span>\u20ac9.9<span class=\"_ _c1\"> </span>\u20ac24.0<span class=\"_ _26a\"> </span>\u20ac0.9</span>Other (bank guar<span class=\"_ _5\"/>antees and sure<span class=\"_ _5\"/>ty bonds)<span class=\"_ _275\"> </span><span class=\"wsac\">Various<span class=\"_ _1af\"> </span>\u20ac149.8<span class=\"_ _135\"> </span>\u20ac107<span class=\"_ _0\"/>.1<span class=\"_ _1e\"> </span>\u20ac1<span class=\"_ _5\"/>41<span class=\"_ _5\"/>.9<span class=\"_ _186\"> </span>\u20ac99.2</span>Contr<span class=\"_ _5\"/>actual obligationsThe fol<span class=\"_ _5\"/>lowing tables describe our commitments and contractual obliga<span class=\"_ _5\"/>tions for the f<span class=\"_ _b\"/>ollowing five years and thereaft<span class=\"_ _5\"/>er<span class=\"_ _b\"/>.<span class=\"_ _b\"/> The other<span class=\"_ _5\"/> long-t<span class=\"_ _5\"/>erm debt<span class=\"_ _5\"/> obligations are <span class=\"_ _5\"/>the debt service obliga<span class=\"_ _5\"/>tions.<span class=\"_ _5\"/> No colla<span class=\"_ _5\"/>ter<span class=\"_ _5\"/>al has been pledged f<span class=\"_ _5\"/>or liabilities or<span class=\"_ _5\"/> contingent<span class=\"_ _5\"/> liabilities.In \u20ac thousands<span class=\"_ _2b4\"> </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _79\"> </span>&lt; 1 year<span class=\"_ _109\"> </span>1 -<span class=\"_ _5\"/> <span class=\"_ _7\"/>3 years<span class=\"_ _83\"> </span>4 -<span class=\"_ _5\"/> <span class=\"_ _6\"/>5 <span class=\"_ _7\"/>years<span class=\"_ _1b7\"> </span>&gt; <span class=\"_ _6\"/>5 yeaContr<span class=\"_ _5\"/>actual obligations a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _2b5\"> </span><span class=\"ls3 ws137\">  <span class=\"_ _86\"> </span>  </span>Guarant<span class=\"_ _5\"/>ees on behalf<span class=\"_ _5\"/> of associa<span class=\"_ _5\"/>tes <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _c\"> </span>-   Off balance shee<span class=\"_ _5\"/>t lease commitments <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _c\"> </span>-   For<span class=\"_ _5\"/>eign exchange con<span class=\"_ _5\"/>tracts:Outflow (542,50<span class=\"_ _6\"/>0)<span class=\"_ _161\"> </span> (542,50<span class=\"_ _6\"/>0)<span class=\"_ _1bd\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _c\"> </span>-   </span>Inflow 53<span class=\"_ _5\"/>6,666 <span class=\"_ _52\"> </span> 536,666 <span class=\"_ _1bd\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te sw<span class=\"_ _5\"/>aps:Outflow <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _c\"> </span>-   Inflow <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _c\"> </span>-   Cross Currency s<span class=\"_ _5\"/>waps:Outflow<span class=\"_ _2b6\"> </span> 42<span class=\"_ _6\"/>,61<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _79\"> </span> 42<span class=\"_ _6\"/>,61<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Inflow (4<span class=\"_ _5\"/>1,024<span class=\"_ _5\"/>)<span class=\"_ _ff\"> </span> (4<span class=\"_ _5\"/>1,02<span class=\"_ _5\"/>4)<span class=\"_ _1bd\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> Deferr<span class=\"_ _5\"/>ed consideration<span class=\"_ _2b7\"> </span> 5,309 <span class=\"_ _64\"> </span> 2,<span class=\"_ _7\"/>176<span class=\"_ _6\"/> <span class=\"_ _64\"> </span> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>133<span class=\"_ _7\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Interest<span class=\"_ _2b8\"> </span> 3<span class=\"_ _6\"/>8<span class=\"_ _7\"/>,<span class=\"_ _7\"/>2<span class=\"_ _6\"/>11<span class=\"_ _6\"/> <span class=\"_ _2b9\"> </span><span class=\"lsf6 ws10f\"> 22,456 <span class=\"_ _2b9\"> </span><span class=\"lsee ws11e\"> 13<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>3<span class=\"_ _6\"/>8<span class=\"_ _6\"/> </span></span> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>517<span class=\"_ _7\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span>Lease obliga<span class=\"_ _5\"/>tions<span class=\"_ _2ba\"> </span> 307<span class=\"_ _0\"/>,7<span class=\"_ _5\"/>63 <span class=\"_ _79\"> </span><span class=\"lsef ws11c\"> 71,<span class=\"_ _6\"/>816<span class=\"_ _6\"/> <span class=\"_ _7d\"> </span><span class=\"lsf2 ws148\"> 102<span class=\"_ _6\"/>,927<span class=\"_ _6\"/> </span></span> 6<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,<span class=\"_ _6\"/>163<span class=\"_ _6\"/> <span class=\"_ _15b\"> </span><span class=\"ls119 ws17c\"> 64<span class=\"_ _6\"/>,857<span class=\"_ _6\"/> </span>Loans and borro<span class=\"_ _5\"/>wings <span class=\"_ _2bb\"> </span>95<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,<span class=\"_ _6\"/>16<span class=\"_ _6\"/>5<span class=\"_ _13d\"> </span>56,230<span class=\"_ _6\"/> <span class=\"_ _52\"> </span><span class=\"lsf6 ws10f\"> 8<span class=\"_ _6\"/>49,4<span class=\"_ _6\"/>69<span class=\"_ _156\"> </span><span class=\"ls128 ws18d\"> 52,4<span class=\"_ _6\"/>66<span class=\"_ _6\"/> </span></span> <span class=\"_ _4\"> </span>-   Short-term bank<span class=\"_ _5\"/> debt<span class=\"_ _2bc\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _c\"> </span>-   </span>Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _2bd\"> </span> 3<span class=\"_ _6\"/>3<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>4<span class=\"_ _7\"/>8<span class=\"_ _7\"/> <span class=\"_ _7d\"> </span> 3<span class=\"_ _6\"/>3<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>4<span class=\"_ _7\"/>8<span class=\"_ _7\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _2be\"> </span>1,643,0<span class=\"_ _6\"/>56<span class=\"_ _193\"> </span>486,286<span class=\"_ _5\"/> <span class=\"_ _1b7\"> </span>9<span class=\"_ _7\"/>6<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,76<span class=\"_ _6\"/>7<span class=\"_ _ff\"> </span><span class=\"lsfb ws134\"> 12<span class=\"_ _6\"/>3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>14<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _160\"> </span><span class=\"ls3e ws132\"> 6<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>57 </span></span>Contr<span class=\"_ _5\"/>actual obligations a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2021 Guarant<span class=\"_ _5\"/>ees on behalf<span class=\"_ _5\"/> of associa<span class=\"_ _5\"/>tes<span class=\"_ _2bf\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> </span> <span class=\"_ _4\"> </span>-    <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> Off balance shee<span class=\"_ _5\"/>t lease commitments<span class=\"_ _2c0\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> </span> <span class=\"_ _4\"> </span>-    <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> For<span class=\"_ _5\"/>eign exchange con<span class=\"_ _5\"/>tracts:Outflow<span class=\"_ _2c1\"> </span> 611<span class=\"_ _6\"/>,<span class=\"_ _7\"/>5<span class=\"_ _6\"/>7<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _102\"> </span> 6<span class=\"_ _6\"/>11,<span class=\"_ _7\"/>5<span class=\"_ _6\"/>7<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _1bd\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Inflow<span class=\"_ _2b6\"> </span><span class=\"ls9d ws1\"> (61<span class=\"_ _5\"/>5,695)<span class=\"_ _109\"> </span> (6<span class=\"_ _b\"/>15,695)<span class=\"_ _5c\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   </span></span>Inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te sw<span class=\"_ _5\"/>aps:Outflow <span class=\"_ _4\"> </span>-    <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e6\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   Inflow <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _7\"/>-    <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   Cross Currency s<span class=\"_ _5\"/>waps:Outflow<span class=\"_ _2c2\"> </span> 41,<span class=\"_ _6\"/>19<span class=\"_ _7\"/>5<span class=\"_ _6\"/> <span class=\"_ _9d\"> </span> 1,0<span class=\"_ _6\"/>22<span class=\"_ _6\"/> <span class=\"_ _2b9\"> </span> 4<span class=\"_ _7\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>17<span class=\"_ _6\"/>3<span class=\"_ _7\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Inflow (42,04<span class=\"_ _6\"/>8)<span class=\"_ _156\"> </span> (1,02<span class=\"_ _5\"/>4)<span class=\"_ _159\"> </span> (41,0<span class=\"_ _5\"/>24) <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> Deferr<span class=\"_ _5\"/>ed consideration<span class=\"_ _2c3\"> </span> 480 <span class=\"_ _1bf\"> </span><span class=\"ls12d ws116\"> 476 <span class=\"_ _6f\"> </span></span> 4 <span class=\"_ _1c9\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Interest<span class=\"_ _2b8\"> </span> 14<span class=\"_ _6\"/>,<span class=\"_ _6\"/>42<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _188\"> </span><span class=\"ls9d ws1\"> 5,025 <span class=\"_ _188\"> </span> 5,4<span class=\"_ _6\"/>63 </span> 3,025 <span class=\"_ _2c4\"> </span><span class=\"lsfb ws134\"> 914<span class=\"_ _6\"/> </span>Lease obliga<span class=\"_ _5\"/>tions<span class=\"_ _2ba\"> </span> 277<span class=\"_ _b\"/>,293 <span class=\"_ _15b\"> </span><span class=\"ls102 ws11a\"> 6<span class=\"_ _7\"/>4,<span class=\"_ _6\"/>191<span class=\"_ _6\"/> <span class=\"_ _163\"> </span><span class=\"ls10e ws111\"> 9<span class=\"_ _6\"/>1<span class=\"_ _6\"/>,<span class=\"_ _6\"/>11<span class=\"_ _7\"/>0<span class=\"_ _6\"/> </span></span> 49,<span class=\"_ _6\"/>972<span class=\"_ _6\"/> <span class=\"_ _15b\"> </span><span class=\"ls110 ws15f\"> 7<span class=\"_ _6\"/>2,020<span class=\"_ _6\"/> </span>Loans and borro<span class=\"_ _5\"/>wings<span class=\"_ _2bb\"> </span> 263<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>42<span class=\"_ _6\"/> <span class=\"_ _157\"> </span><span class=\"lsf9 ws178\"> 7<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _79\"> </span></span> 56<span class=\"_ _6\"/>,06<span class=\"_ _6\"/>3 <span class=\"_ _2b9\"> </span><span class=\"lsec ws112\"> 79,<span class=\"_ _6\"/>393<span class=\"_ _6\"/> </span> 52,46<span class=\"_ _6\"/>6 Short-term bank<span class=\"_ _5\"/> debt<span class=\"_ _2c5\"> </span> 525 <span class=\"_ _233\"> </span> 525<span class=\"_ _6\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _2c6\"> </span> 2<span class=\"_ _6\"/>3<span class=\"_ _7\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>11<span class=\"_ _7\"/> <span class=\"_ _1b7\"> </span> 2<span class=\"_ _6\"/>3<span class=\"_ _7\"/>2<span class=\"_ _6\"/>,<span class=\"_ _7\"/>211<span class=\"_ _7\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _2c7\"> </span> 7<span class=\"_ _5\"/>83<span class=\"_ _5\"/>,000<span class=\"_ _5\"/> <span class=\"_ _53\"> </span> 373,421 <span class=\"_ _53\"> </span> 151,<span class=\"_ _6\"/>78<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _133\"> </span><span class=\"ls118 ws10e\"> 13<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>9<span class=\"_ _7\"/>0<span class=\"_ _6\"/> <span class=\"_ _52\"> </span><span class=\"lsfb ws134\"> 12<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _7\"/>0<span class=\"_ _6\"/>0<span class=\"_ _7\"/> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__89": {
   "value": "No collateral has been pledged for liabilities or contingent liabilities.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__82": {
   "value": "(C) Market<span class=\"_ _5\"/> risks Marke<span class=\"_ _5\"/>t risk includes curr<span class=\"_ _5\"/>ency risk (C1<span class=\"_ _b\"/>) and interes<span class=\"_ _5\"/>t ra<span class=\"_ _5\"/>te risk<span class=\"_ _5\"/> (C2) and comprises <span class=\"_ _5\"/>the risk tha<span class=\"_ _b\"/>t changes in marke<span class=\"_ _5\"/>t prices,<span class=\"_ _b\"/> such as f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>es and int<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es will aff<span class=\"_ _5\"/>ect Arca<span class=\"_ _5\"/>dis\u2019<span class=\"_ _b\"/> income or the <span class=\"_ _5\"/>value o<span class=\"_ _b\"/>f its holdings o<span class=\"_ _5\"/>f financial instrumen<span class=\"_ _5\"/>ts.<span class=\"_ _b\"/> The objective of mark<span class=\"_ _b\"/>et risk managemen<span class=\"_ _5\"/>t is t<span class=\"_ _5\"/>o manage and con<span class=\"_ _5\"/>trol marke<span class=\"_ _5\"/>t risk exposur<span class=\"_ _5\"/>es within acc<span class=\"_ _5\"/>eptable par<span class=\"_ _5\"/>ameters se<span class=\"_ _5\"/>t by<span class=\"_ _5\"/> the Group T<span class=\"_ _0\"/>reasur<span class=\"_ _6\"/>y policy<span class=\"_ _b\"/>.(C1<span class=\"_ _b\"/>) Currency risk The ke<span class=\"_ _5\"/>y objective of<span class=\"_ _5\"/> the Group <span class=\"_ _5\"/>foreign e<span class=\"_ _5\"/>xchange tr<span class=\"_ _5\"/>ansaction exposure managemen<span class=\"_ _5\"/>t is aimed at<span class=\"_ _5\"/> the active management<span class=\"_ _5\"/> of <span class=\"_ _5\"/>for<span class=\"_ _5\"/>eign exchange e<span class=\"_ _5\"/>xposures by Gr<span class=\"_ _5\"/>oup T<span class=\"_ _b\"/>reasury to r<span class=\"_ _5\"/>educe and limit <span class=\"_ _5\"/>the adverse eff<span class=\"_ _5\"/>ects of ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>e changes on the Group<span class=\"_ _b\"/>\u2019s profitability<span class=\"_ _b\"/>.T<span class=\"_ _b\"/>rade and financing tr<span class=\"_ _5\"/>ansactions in non-functional currencies The subsidiaries of<span class=\"_ _5\"/> Arcadis mainl<span class=\"_ _b\"/>y opera<span class=\"_ _5\"/>te in loca<span class=\"_ _5\"/>l markets,<span class=\"_ _0\"/> and as such both sales in<span class=\"_ _5\"/>voices and purchase invoic<span class=\"_ _5\"/>es are mainl<span class=\"_ _5\"/>y denominat<span class=\"_ _5\"/>ed in local curr<span class=\"_ _5\"/>encies.<span class=\"_ _b\"/> In some instances,<span class=\"_ _b\"/> however<span class=\"_ _0\"/>,<span class=\"_ _b\"/> invoices ar<span class=\"_ _5\"/>e in the functional currency o<span class=\"_ _5\"/>f the c<span class=\"_ _5\"/>ounterparty<span class=\"_ _b\"/>,<span class=\"_ _5\"/> which resul<span class=\"_ _b\"/>ts in a currency exposure <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the subsidiar<span class=\"_ _6\"/>y<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The exposur<span class=\"_ _5\"/>e to <span class=\"_ _5\"/>foreign ex<span class=\"_ _5\"/>change risk on sales and c<span class=\"_ _5\"/>osts denominat<span class=\"_ _5\"/>ed in another<span class=\"_ _5\"/> currency than <span class=\"_ _5\"/>the respective functional currencies of<span class=\"_ _5\"/> the subsidiaries is v<span class=\"_ _5\"/>er<span class=\"_ _6\"/>y limit<span class=\"_ _5\"/>ed.<span class=\"_ _5\"/> Onl<span class=\"_ _5\"/>y in limited cases,<span class=\"_ _0\"/> e.g.<span class=\"_ _6\"/>,<span class=\"_ _5\"/> f<span class=\"_ _5\"/>or mat<span class=\"_ _5\"/>erial tr<span class=\"_ _5\"/>ansactions,<span class=\"_ _b\"/> the subsidiaries of Arcadis en<span class=\"_ _5\"/>ter in<span class=\"_ _5\"/>to f<span class=\"_ _b\"/>or<span class=\"_ _6\"/>ward f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change contra<span class=\"_ _5\"/>cts with Group T<span class=\"_ _0\"/>reasur<span class=\"_ _6\"/>y in order<span class=\"_ _5\"/> to hedge <span class=\"_ _5\"/>these transaction risks.Borrowings ar<span class=\"_ _5\"/>e denominat<span class=\"_ _5\"/>ed in currencies tha<span class=\"_ _5\"/>t partly<span class=\"_ _5\"/> mat<span class=\"_ _5\"/>ch the cash flow<span class=\"_ _5\"/>s generat<span class=\"_ _5\"/>ed by <span class=\"_ _5\"/>the underl<span class=\"_ _5\"/>ying<span class=\"_ _6\"/> opera<span class=\"_ _5\"/>tions of <span class=\"_ _5\"/>the Group,<span class=\"_ _0\"/> primarily Eur<span class=\"_ _5\"/>o and US dollar<span class=\"_ _0\"/>.Arcadis gr<span class=\"_ _5\"/>oup companies can hav<span class=\"_ _5\"/>e positions in for<span class=\"_ _5\"/>eign currencies which are diff<span class=\"_ _5\"/>erent<span class=\"_ _5\"/> than their r<span class=\"_ _5\"/>espective functional currencies.<span class=\"_ _b\"/> For<span class=\"_ _5\"/> the main currencies <span class=\"_ _5\"/>the fol<span class=\"_ _5\"/>lowing positions per curr<span class=\"_ _5\"/>ency (transla<span class=\"_ _5\"/>ted in euros) ar<span class=\"_ _5\"/>e<span class=\"_ _6\"/> the cumulativ<span class=\"_ _5\"/>e gross exposures o<span class=\"_ _5\"/>f non-functional curr<span class=\"_ _5\"/>encies of<span class=\"_ _5\"/> all Ar<span class=\"_ _5\"/>cadis group companies c<span class=\"_ _5\"/>ombined.In \u20ac thousands<span class=\"_ _142\"> </span>in EUR<span class=\"_ _b0\"> </span>in USD<span class=\"_ _19d\"> </span>in GBP<span class=\"_ _ba\"> </span>in CNY<span class=\"_ _9e\"> </span>in BRL<span class=\"_ _ae\"> </span><span class=\"ws3c\">in AED<span class=\"_ _b0\"> </span></span>in CAD<span class=\"_ _68\"> </span><span class=\"ws3c\">in AUD</span>At<span class=\"_ _5\"/> 31 December 2022 T<span class=\"_ _b\"/>rade receivables<span class=\"_ _2e\"> </span> 4,722 <span class=\"_ _62\"> </span> 2<span class=\"_ _7\"/>9,<span class=\"_ _6\"/>513<span class=\"_ _7\"/> <span class=\"_ _20c\"> </span> 24,504 <span class=\"_ _20c\"> </span> 3<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,335<span class=\"_ _6\"/> <span class=\"_ _62\"> </span> 2<span class=\"_ _5\"/>1,229 <span class=\"_ _b0\"> </span> 5<span class=\"_ _5\"/>,000<span class=\"_ _5\"/> <span class=\"_ _ba\"> </span><span class=\"ls9d ws1\"> 4<span class=\"_ _6\"/>,983<span class=\"_ _6\"/> <span class=\"_ _ba\"> </span> 4,20<span class=\"_ _6\"/>0 </span>Cash and cash equivalen<span class=\"_ _5\"/>ts<span class=\"_ _57\"> </span> 3,<span class=\"_ _b\"/>080 <span class=\"_ _cf\"> </span> 13<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _7\"/>5<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _9e\"> </span> 2<span class=\"_ _7\"/>,<span class=\"_ _6\"/>111<span class=\"_ _7\"/> <span class=\"_ _50\"> </span> 592 <span class=\"_ _d6\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _a9\"> </span> 205 <span class=\"_ _19d\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>59<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _ba\"> </span> 1,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>4<span class=\"_ _7\"/>4 </span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _26\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _b0\"> </span> 71,75<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _201\"> </span><span class=\"lsed ws163\"> 11<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>3<span class=\"_ _7\"/>5<span class=\"_ _6\"/>6<span class=\"_ _7\"/> <span class=\"_ _dd\"> </span></span><span class=\"ws1\"> (8,523)<span class=\"_ _13a\"> </span> (2,539)<span class=\"_ _2c8\"> </span> (15,098)<span class=\"_ _14b\"> </span> (75,4<span class=\"_ _6\"/>03)<span class=\"_ _ce\"> </span><span class=\"lsf6 ws10f\"> 89,<span class=\"_ _6\"/>865<span class=\"_ _6\"/> </span></span>Loans and borro<span class=\"_ _5\"/>wings<span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _2c9\"> </span></span> (70,281<span class=\"_ _b\"/>)<span class=\"_ _200\"> </span> (1<span class=\"_ _b\"/>16,89<span class=\"_ _6\"/>0)<span class=\"_ _db\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _d9\"> </span> (<span class=\"_ _7\"/>6<span class=\"_ _6\"/>74<span class=\"_ _6\"/>)<span class=\"_ _2c9\"> </span> 11,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>5<span class=\"_ _7\"/>3<span class=\"_ _6\"/> <span class=\"_ _cf\"> </span><span class=\"lsf2 ws148\"> 75<span class=\"_ _6\"/>,3<span class=\"_ _6\"/>82<span class=\"_ _6\"/> <span class=\"_ _14b\"> </span></span> (93,6<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0)Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _d1\"> </span> (5,8<span class=\"_ _6\"/>01)<span class=\"_ _201\"> </span> (24,191<span class=\"_ _b\"/>)<span class=\"_ _6e\"> </span> (26,41<span class=\"_ _5\"/>3)<span class=\"_ _13a\"> </span> (1,189)<span class=\"_ _2c8\"> </span> (18,6<span class=\"_ _6\"/>63)<span class=\"_ _d8\"> </span><span class=\"lsf0 ws15c\"> (<span class=\"_ _6\"/>9<span class=\"_ _6\"/>8<span class=\"_ _6\"/>2)<span class=\"_ _dd\"> </span></span> (3,4<span class=\"_ _5\"/>19)<span class=\"_ _d8\"> </span> (200)Lease liabilities<span class=\"_ _2ca\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   </span>Balance exposur<span class=\"_ _5\"/>e<span class=\"_ _20f\"> </span> 2<span class=\"_ _6\"/>,0<span class=\"_ _7\"/>01 <span class=\"_ _20c\"> </span> 20,647 <span class=\"_ _b6\"> </span> 668 <span class=\"_ _2c9\"> </span> 2<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>21<span class=\"_ _6\"/>5<span class=\"_ _7\"/> <span class=\"_ _d0\"> </span><span class=\"lsf0 ws15c\"> (<span class=\"_ _6\"/>6<span class=\"_ _6\"/>47<span class=\"_ _6\"/>)<span class=\"_ _174\"> </span></span> 778 <span class=\"_ _ae\"> </span><span class=\"ls118 ws10e\"> 3<span class=\"_ _7\"/>,13<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _ae\"> </span><span class=\"ls101 wsac\"> 1,3<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>At<span class=\"_ _5\"/> 31 December 202<span class=\"_ _5\"/>1 T<span class=\"_ _b\"/>rade receivables<span class=\"_ _2e\"> </span> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>031<span class=\"_ _6\"/> <span class=\"_ _62\"> </span> 31,0<span class=\"_ _6\"/>55<span class=\"_ _6\"/> <span class=\"_ _2c9\"> </span> 3<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>1<span class=\"_ _7\"/>8<span class=\"_ _7\"/>9<span class=\"_ _7\"/> <span class=\"_ _20c\"> </span> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>8<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _62\"> </span><span class=\"lsf8 wse9\"> 2<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>416<span class=\"_ _7\"/> <span class=\"_ _ba\"> </span></span> 5,3<span class=\"_ _6\"/>89 <span class=\"_ _19d\"> </span><span class=\"lsf0 ws15c\"> 3,<span class=\"_ _6\"/>921<span class=\"_ _6\"/> <span class=\"_ _ae\"> </span></span> 4,29<span class=\"_ _6\"/>8 Cash and cash equivalen<span class=\"_ _5\"/>ts<span class=\"_ _57\"> </span> 4<span class=\"_ _6\"/>,28<span class=\"_ _6\"/>8 <span class=\"_ _cf\"> </span> 30,10<span class=\"_ _5\"/>1 <span class=\"_ _62\"> </span><span class=\"ls9d ws1\"> 1<span class=\"_ _5\"/>3,425 <span class=\"_ _19d\"> </span> 1,25<span class=\"_ _5\"/>9 <span class=\"_ _d6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _b2\"> </span><span class=\"lsee ws11e\"> 13<span class=\"_ _6\"/>8<span class=\"_ _7\"/> <span class=\"_ _19d\"> </span><span class=\"lsef ws11c\"> 1,8<span class=\"_ _6\"/>16<span class=\"_ _6\"/> <span class=\"_ _ba\"> </span></span></span></span> 3<span class=\"_ _6\"/>,238 </span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _26\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _d0\"> </span> 1,<span class=\"_ _6\"/>75<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _20c\"> </span><span class=\"ls127 ws184\"> 73<span class=\"_ _6\"/>,454<span class=\"_ _6\"/> <span class=\"_ _13a\"> </span></span><span class=\"ws1\"> (5,9<span class=\"_ _6\"/>44)<span class=\"_ _f3\"> </span> (7<span class=\"_ _b\"/>,173<span class=\"_ _5\"/>)<span class=\"_ _201\"> </span> (15,1<span class=\"_ _5\"/>6<span class=\"_ _6\"/>4)<span class=\"_ _62\"> </span> (4,00<span class=\"_ _6\"/>0)<span class=\"_ _62\"> </span><span class=\"lsf5 ws117\"> 70<span class=\"_ _7\"/>,6<span class=\"_ _6\"/>17<span class=\"_ _6\"/> </span></span>Loans and borro<span class=\"_ _5\"/>wings<span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _62\"> </span></span> (25,126)<span class=\"_ _3c\"> </span> (1<span class=\"_ _5\"/>0<span class=\"_ _6\"/>9,956)<span class=\"_ _db\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _b0\"> </span> 10<span class=\"_ _7\"/>,9<span class=\"_ _6\"/>13<span class=\"_ _7\"/> <span class=\"_ _b0\"> </span><span class=\"lsf6 ws10f\"> 2,8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0 <span class=\"_ _201\"> </span></span> (74,80<span class=\"_ _6\"/>6)Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _238\"> </span><span class=\"ls10c ws136\"> (<span class=\"_ _6\"/>3<span class=\"_ _6\"/>03)<span class=\"_ _6e\"> </span></span> (16,231<span class=\"_ _5\"/>)<span class=\"_ _2c8\"> </span> (14,34<span class=\"_ _6\"/>4)<span class=\"_ _d7\"> </span> (251<span class=\"_ _b\"/>)<span class=\"_ _6e\"> </span> (1<span class=\"_ _5\"/>3,4<span class=\"_ _6\"/>01<span class=\"_ _5\"/>)<span class=\"_ _d7\"> </span><span class=\"lsf5 ws117\"> (<span class=\"_ _6\"/>17<span class=\"_ _6\"/>3<span class=\"_ _6\"/>)<span class=\"_ _13a\"> </span></span> (2,99<span class=\"_ _6\"/>0)<span class=\"_ _d7\"> </span><span class=\"ls102 ws11a\"> (19<span class=\"_ _6\"/>2)</span>Lease liabilities<span class=\"_ _2cb\"> </span> 1,9<span class=\"_ _6\"/>53<span class=\"_ _6\"/> <span class=\"_ _50\"> </span> 10<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _174\"> </span> 24<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _d6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _48\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _48\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   </span>Balance exposur<span class=\"_ _5\"/>e<span class=\"_ _20f\"> </span> 8<span class=\"_ _6\"/>,96<span class=\"_ _6\"/>9 <span class=\"_ _62\"> </span> 21,6<span class=\"_ _6\"/>61<span class=\"_ _6\"/> <span class=\"_ _c3\"> </span> 14<span class=\"_ _6\"/> <span class=\"_ _62\"> </span> 1<span class=\"_ _5\"/>0,1<span class=\"_ _5\"/>53 <span class=\"_ _d0\"> </span><span class=\"ls102 ws11a\"> (<span class=\"_ _6\"/>15<span class=\"_ _6\"/>8<span class=\"_ _6\"/>)<span class=\"_ _ba\"> </span><span class=\"ls101 wsac\"> 1,<span class=\"_ _6\"/>103<span class=\"_ _6\"/> <span class=\"_ _19d\"> </span><span class=\"lsf0 ws15c\"> 1,5<span class=\"_ _6\"/>47<span class=\"_ _6\"/> <span class=\"_ _ae\"> </span></span></span> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span>The below<span class=\"_ _5\"/> exchange r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es were applied in <span class=\"_ _5\"/>the year<span class=\"_ _0\"/>.2022<span class=\"_ _27a\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>In \u20ac<span class=\"_ _116\"> </span>Average<span class=\"_ _9e\"> </span>Y<span class=\"_ _5\"/>ear-end<span class=\"_ _d7\"> </span><span class=\"fc6 ls10d ws12b\">A<span class=\"_ _5\"/>verag<span class=\"_ _6\"/>e<span class=\"_ _9e\"> </span><span class=\"ls9d wsac\">Y<span class=\"_ _5\"/>ear-end</span></span>US Dollar (USD)<span class=\"_ _189\"> </span> 0<span class=\"_ _6\"/>.95 <span class=\"_ _a6\"> </span> 0<span class=\"_ _6\"/>.93<span class=\"_ _6\"/> <span class=\"_ _4d\"> </span><span class=\"lsb2 ws191\"> 0.85 <span class=\"_ _4d\"> </span></span> 0.8<span class=\"_ _6\"/>8 Pound St<span class=\"_ _5\"/>erling (GBP)<span class=\"_ _216\"> </span> 1<span class=\"_ _6\"/>.<span class=\"_ _6\"/>17<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>13<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span><span class=\"lsef ws11c\"> 1.<span class=\"_ _6\"/>16<span class=\"_ _6\"/> <span class=\"_ _a5\"> </span><span class=\"ls102 ws11a\"> 1.<span class=\"_ _6\"/>19<span class=\"_ _6\"/> </span></span>Australian Dol<span class=\"_ _5\"/>lar (AUD)<span class=\"_ _90\"> </span> 0.66<span class=\"_ _6\"/> <span class=\"_ _4d\"> </span> 0.6<span class=\"_ _6\"/>3 <span class=\"_ _4d\"> </span> 0.6<span class=\"_ _6\"/>4 <span class=\"_ _4d\"> </span> 0.6<span class=\"_ _6\"/>4 Chinese Y<span class=\"_ _b\"/>uan Renminbi (CNY)<span class=\"_ _bb\"> </span><span class=\"lsfb ws134\"> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>14<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span><span class=\"lsee ws11e\"> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>13<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>13<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span></span> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>14<span class=\"_ _6\"/> </span>Canadian Dollar<span class=\"_ _5\"/> (CAD)<span class=\"_ _27e\"> </span><span class=\"ls127 ws164\">0.73<span class=\"_ _db\"> </span></span><span class=\"wsac\">0<span class=\"_ _6\"/>.69<span class=\"_ _db\"> </span>0.67<span class=\"_ _d6\"> </span><span class=\"lsf2 ws10e\">0<span class=\"_ _6\"/>.70</span></span>Brazilian Real (BRL)<span class=\"_ _217\"> </span> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>18<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span> 0.<span class=\"_ _6\"/>18<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span><span class=\"lsef ws11c\"> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>16<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span> 0<span class=\"_ _6\"/>.16<span class=\"_ _6\"/> </span>United <span class=\"_ _5\"/>Arab Emirat<span class=\"_ _5\"/>es Dirham (AED)<span class=\"_ _f7\"> </span><span class=\"ls3e ws132\"> 0.<span class=\"_ _6\"/>26 <span class=\"_ _a6\"> </span></span> 0.25 <span class=\"_ _a6\"> </span> 0.23 <span class=\"_ _a6\"> </span><span class=\"lsf0 ws15c\"> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>24<span class=\"_ _6\"/> </span>Arcadis uses deriv<span class=\"_ _5\"/>ative <span class=\"_ _5\"/>financial instruments in order<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o manage marke<span class=\"_ _5\"/>t risks associat<span class=\"_ _5\"/>ed with changes in for<span class=\"_ _5\"/>eign exchange r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es as well as in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t ra<span class=\"_ _5\"/>tes.<span class=\"_ _b\"/> All <span class=\"_ _5\"/>transactions are carried out in a<span class=\"_ _5\"/>ccordanc<span class=\"_ _5\"/>e with the Gr<span class=\"_ _5\"/>oup T<span class=\"_ _b\"/>reasury policy<span class=\"_ _5\"/>.<span class=\"_ _b\"/> The Group seeks t<span class=\"_ _5\"/>o apply<span class=\"_ _5\"/> hedge accoun<span class=\"_ _5\"/>ting where possible <span class=\"_ _5\"/>to mana<span class=\"_ _5\"/>ge vola<span class=\"_ _5\"/>tility in pro<span class=\"_ _5\"/>fit or loss.<span class=\"_ _b\"/> All <span class=\"_ _5\"/>foreign e<span class=\"_ _5\"/>xchange f<span class=\"_ _5\"/>orward transa<span class=\"_ _5\"/>ctions outstanding at<span class=\"_ _5\"/> year-end are due <span class=\"_ _5\"/>to ma<span class=\"_ _5\"/>ture in 2023.Sensitivity anal<span class=\"_ _b\"/>ysis currency risks F<span class=\"_ _5\"/>oreign currency sensitivity ana<span class=\"_ _5\"/>ly<span class=\"_ _5\"/>ses are performed by appl<span class=\"_ _b\"/>ying an expected possible <span class=\"_ _5\"/>volatility<span class=\"_ _5\"/> of a curr<span class=\"_ _5\"/>ency<span class=\"_ _5\"/>,<span class=\"_ _5\"/> assuming all o<span class=\"_ _5\"/>ther v<span class=\"_ _5\"/>ariables,<span class=\"_ _b\"/> in par<span class=\"_ _6\"/>ticular int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> remain constant.<span class=\"_ _0\"/> All monetary assets and liabilities o<span class=\"_ _5\"/>f the Group a<span class=\"_ _5\"/>t year<span class=\"_ _5\"/>-end are reva<span class=\"_ _5\"/>lued,<span class=\"_ _b\"/> which resul<span class=\"_ _5\"/>ts in a hypo<span class=\"_ _5\"/>thetical impact on ne<span class=\"_ _5\"/>t income and equity<span class=\"_ _5\"/> as summarized belo<span class=\"_ _5\"/>w<span class=\"_ _5\"/>.2022<span class=\"_ _27a\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>Impact on Impact on Impact on Impact on In \u20acnet inc<span class=\"_ _5\"/>omeequitynet inc<span class=\"_ _5\"/>omeequity10% change Euro against<span class=\"_ _5\"/> the US Dollar<span class=\"_ _34\"> </span> 6.9 <span class=\"_ _39\"> </span><span class=\"ls143 ws1af\"> 66.8 <span class=\"_ _de\"> </span></span> 6.0 <span class=\"_ _e4\"> </span><span class=\"lsed ws163\"> 5<span class=\"_ _7\"/>7.<span class=\"_ _7\"/>7<span class=\"_ _7\"/> </span>10% change Euro against<span class=\"_ _5\"/> the Pound St<span class=\"_ _5\"/>erling<span class=\"_ _23\"> </span> 3.1 <span class=\"_ _4d\"> </span> 4<span class=\"_ _6\"/>8.9<span class=\"_ _6\"/> <span class=\"_ _de\"> </span> 3.9 <span class=\"_ _a6\"> </span><span class=\"lsf6 ws10f\"> 49.1 </span>10% change Euro against<span class=\"_ _5\"/> the Austr<span class=\"_ _5\"/>alian Dollar<span class=\"_ _269\"> </span> - <span class=\"_ _114\"> </span> 14.<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _49\"> </span><span class=\"lsfc ws11b\"> 1.2<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span><span class=\"lsee ws11e\"> 13<span class=\"_ _6\"/>.<span class=\"_ _7\"/>0<span class=\"_ _6\"/> </span></span>All ma<span class=\"_ _5\"/>terial ba<span class=\"_ _5\"/>lance sheet positions ha<span class=\"_ _5\"/>ve been hedged with <span class=\"_ _5\"/>for<span class=\"_ _5\"/>eign exchange con<span class=\"_ _5\"/>tracts.<span class=\"_ _b\"/> The transla<span class=\"_ _b\"/>tion risk rela<span class=\"_ _5\"/>ting to subsidiaries <span class=\"_ _5\"/>with a functional currency o<span class=\"_ _5\"/>ther <span class=\"_ _5\"/>than the Group reporting currency o<span class=\"_ _5\"/>f Euro are no<span class=\"_ _b\"/>t hedged,<span class=\"_ _b\"/> in accordanc<span class=\"_ _5\"/>e with the Gr<span class=\"_ _5\"/>oup T<span class=\"_ _b\"/>reasury policy<span class=\"_ _5\"/>.(C2<span class=\"_ _5\"/>) Inter<span class=\"_ _5\"/>est r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e risksThe Group manages in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t ra<span class=\"_ _5\"/>te risks by<span class=\"_ _5\"/> financing fixed asse<span class=\"_ _5\"/>ts and par<span class=\"_ _6\"/>t o<span class=\"_ _5\"/>f current<span class=\"_ _5\"/> assets with shar<span class=\"_ _5\"/>eholders\u2019<span class=\"_ _b\"/> equity and long-<span class=\"_ _5\"/>term deb<span class=\"_ _5\"/>t.<span class=\"_ _b\"/> The remainder o<span class=\"_ _5\"/>f curren<span class=\"_ _5\"/>t assets is financed <span class=\"_ _5\"/>with short-term deb<span class=\"_ _b\"/>t including rev<span class=\"_ _5\"/>olving bank<span class=\"_ _5\"/> debt <span class=\"_ _5\"/>with variabl<span class=\"_ _5\"/>e inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>tes.<span class=\"_ _0\"/> Based on the inter<span class=\"_ _5\"/>est risk<span class=\"_ _5\"/> profile<span class=\"_ _5\"/>,<span class=\"_ _b\"/> financial instruments w<span class=\"_ _5\"/>ere outstanding during the <span class=\"_ _5\"/>year <span class=\"_ _5\"/>to co<span class=\"_ _5\"/>ver part o<span class=\"_ _5\"/>f the int<span class=\"_ _b\"/>erest ra<span class=\"_ _5\"/>te risk<span class=\"_ _5\"/> on long-t<span class=\"_ _5\"/>erm borrowings.<span class=\"_ _b\"/> This risk is applicable t<span class=\"_ _b\"/>o long-term deb<span class=\"_ _5\"/>t,<span class=\"_ _b\"/> shor<span class=\"_ _6\"/>t-t<span class=\"_ _5\"/>erm debt<span class=\"_ _5\"/> and bank over<span class=\"_ _5\"/>drafts in the C<span class=\"_ _5\"/>onsolidated ba<span class=\"_ _5\"/>lance sheet amounting t<span class=\"_ _b\"/>o \u20ac970.2 million a<span class=\"_ _5\"/>t <span class=\"_ _5\"/>year-end 2022 (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac263.7 million).<span class=\"_ _0\"/> The increase of<span class=\"_ _5\"/> \u20ac706.5 million is mainl<span class=\"_ _5\"/>y the resul<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f the \u20ac7<span class=\"_ _5\"/>50.0 million bridge loan f<span class=\"_ _5\"/>acility r<span class=\"_ _5\"/>eceived f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>the acquisition of<span class=\"_ _5\"/> IBI Group and DPS Group<span class=\"_ _5\"/>.The Group has \u20ac40.0 million of<span class=\"_ _5\"/> fixed <span class=\"_ _5\"/>to floa<span class=\"_ _5\"/>ting cross currency s<span class=\"_ _5\"/>waps t<span class=\"_ _5\"/>o manage currency risk<span class=\"_ _5\"/> and inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>te risk in a<span class=\"_ _5\"/>ccordanc<span class=\"_ _5\"/>e with the Gr<span class=\"_ _5\"/>oup T<span class=\"_ _b\"/>reasury Policy<span class=\"_ _b\"/>.The Group T<span class=\"_ _0\"/>reasur<span class=\"_ _6\"/>y Policy<span class=\"_ _5\"/> stat<span class=\"_ _5\"/>es tha<span class=\"_ _5\"/>t the <span class=\"_ _5\"/>fixed portion of net<span class=\"_ _5\"/> debt<span class=\"_ _5\"/> should be at<span class=\"_ _5\"/> least 40% to pr<span class=\"_ _5\"/>ot<span class=\"_ _5\"/>ect against increases in int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>es as wel<span class=\"_ _5\"/>l as providing some certainty<span class=\"_ _5\"/> on expectations f<span class=\"_ _5\"/>or int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> expense in pro<span class=\"_ _5\"/>fit or loss.<span class=\"_ _b\"/> As of<span class=\"_ _5\"/> December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> this fixed portion of<span class=\"_ _5\"/> 40<span class=\"_ _6\"/>% is not <span class=\"_ _5\"/>the case as a resul<span class=\"_ _5\"/>t o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>floating int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e bridge loan f<span class=\"_ _5\"/>acility<span class=\"_ _b\"/>.<span class=\"_ _5\"/> This t<span class=\"_ _b\"/>opic will be addressed <span class=\"_ _5\"/>when the refinancing pr<span class=\"_ _5\"/>ocess is arranged in 2023.Sensitivity anal<span class=\"_ _b\"/>ysis Inter<span class=\"_ _5\"/>est r<span class=\"_ _5\"/>ate riskInt<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e sensitivity anal<span class=\"_ _b\"/>yses are performed by appl<span class=\"_ _b\"/>ying an expected possible v<span class=\"_ _5\"/>olatility o<span class=\"_ _b\"/>f inter<span class=\"_ _5\"/>est ra<span class=\"_ _5\"/>tes,<span class=\"_ _b\"/> assuming all o<span class=\"_ _5\"/>ther v<span class=\"_ _5\"/>ariables remain cons<span class=\"_ _5\"/>tant.<span class=\"_ _b\"/> All int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/>-bearing liabilities of<span class=\"_ _5\"/> the Group a<span class=\"_ _5\"/>t year<span class=\"_ _5\"/>-end are rev<span class=\"_ _5\"/>alued,<span class=\"_ _b\"/> which resul<span class=\"_ _b\"/>ts in a hypothetica<span class=\"_ _5\"/>l impact on the pre-tax<span class=\"_ _5\"/> profit <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the year<span class=\"_ _5\"/> and equity as summarized below.2022<span class=\"_ _87\"> </span><span class=\"ff2 fc6 lscd wse4\">2021</span>Impact o<span class=\"_ _5\"/>f pre-tax Impact on<span class=\"ls3\"> </span>Impact o<span class=\"_ _5\"/>f pre-tax Impact on<span class=\"ls3\"> </span>In \u20acprofit<span class=\"_ _5\"/> for the yearequityprofit<span class=\"_ _5\"/> for the yearequityT<span class=\"_ _b\"/>en basis-points change to in<span class=\"_ _5\"/>terest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>e<span class=\"_ _2cc\"> </span><span class=\"wsac\">0.3<span class=\"_ _18a\"> </span>0.3<span class=\"_ _9b\"> </span>0.1<span class=\"_ _18a\"> </span>0.1</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__79": {
   "value": "(C1<span class=\"_ _b\"/>) Currency risk The ke<span class=\"_ _5\"/>y objective of<span class=\"_ _5\"/> the Group <span class=\"_ _5\"/>foreign e<span class=\"_ _5\"/>xchange tr<span class=\"_ _5\"/>ansaction exposure managemen<span class=\"_ _5\"/>t is aimed at<span class=\"_ _5\"/> the active management<span class=\"_ _5\"/> of <span class=\"_ _5\"/>for<span class=\"_ _5\"/>eign exchange e<span class=\"_ _5\"/>xposures by Gr<span class=\"_ _5\"/>oup T<span class=\"_ _b\"/>reasury to r<span class=\"_ _5\"/>educe and limit <span class=\"_ _5\"/>the adverse eff<span class=\"_ _5\"/>ects of ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>e changes on the Group<span class=\"_ _b\"/>\u2019s profitability<span class=\"_ _b\"/>.T<span class=\"_ _b\"/>rade and financing tr<span class=\"_ _5\"/>ansactions in non-functional currencies The subsidiaries of<span class=\"_ _5\"/> Arcadis mainl<span class=\"_ _b\"/>y opera<span class=\"_ _5\"/>te in loca<span class=\"_ _5\"/>l markets,<span class=\"_ _0\"/> and as such both sales in<span class=\"_ _5\"/>voices and purchase invoic<span class=\"_ _5\"/>es are mainl<span class=\"_ _5\"/>y denominat<span class=\"_ _5\"/>ed in local curr<span class=\"_ _5\"/>encies.<span class=\"_ _b\"/> In some instances,<span class=\"_ _b\"/> however<span class=\"_ _0\"/>,<span class=\"_ _b\"/> invoices ar<span class=\"_ _5\"/>e in the functional currency o<span class=\"_ _5\"/>f the c<span class=\"_ _5\"/>ounterparty<span class=\"_ _b\"/>,<span class=\"_ _5\"/> which resul<span class=\"_ _b\"/>ts in a currency exposure <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the subsidiar<span class=\"_ _6\"/>y<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The exposur<span class=\"_ _5\"/>e to <span class=\"_ _5\"/>foreign ex<span class=\"_ _5\"/>change risk on sales and c<span class=\"_ _5\"/>osts denominat<span class=\"_ _5\"/>ed in another<span class=\"_ _5\"/> currency than <span class=\"_ _5\"/>the respective functional currencies of<span class=\"_ _5\"/> the subsidiaries is v<span class=\"_ _5\"/>er<span class=\"_ _6\"/>y limit<span class=\"_ _5\"/>ed.<span class=\"_ _5\"/> Onl<span class=\"_ _5\"/>y in limited cases,<span class=\"_ _0\"/> e.g.<span class=\"_ _6\"/>,<span class=\"_ _5\"/> f<span class=\"_ _5\"/>or mat<span class=\"_ _5\"/>erial tr<span class=\"_ _5\"/>ansactions,<span class=\"_ _b\"/> the subsidiaries of Arcadis en<span class=\"_ _5\"/>ter in<span class=\"_ _5\"/>to f<span class=\"_ _b\"/>or<span class=\"_ _6\"/>ward f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change contra<span class=\"_ _5\"/>cts with Group T<span class=\"_ _0\"/>reasur<span class=\"_ _6\"/>y in order<span class=\"_ _5\"/> to hedge <span class=\"_ _5\"/>these transaction risks.Borrowings ar<span class=\"_ _5\"/>e denominat<span class=\"_ _5\"/>ed in currencies tha<span class=\"_ _5\"/>t partly<span class=\"_ _5\"/> mat<span class=\"_ _5\"/>ch the cash flow<span class=\"_ _5\"/>s generat<span class=\"_ _5\"/>ed by <span class=\"_ _5\"/>the underl<span class=\"_ _5\"/>ying<span class=\"_ _6\"/> opera<span class=\"_ _5\"/>tions of <span class=\"_ _5\"/>the Group,<span class=\"_ _0\"/> primarily Eur<span class=\"_ _5\"/>o and US dollar<span class=\"_ _0\"/>.Arcadis gr<span class=\"_ _5\"/>oup companies can hav<span class=\"_ _5\"/>e positions in for<span class=\"_ _5\"/>eign currencies which are diff<span class=\"_ _5\"/>erent<span class=\"_ _5\"/> than their r<span class=\"_ _5\"/>espective functional currencies.<span class=\"_ _b\"/> For<span class=\"_ _5\"/> the main currencies <span class=\"_ _5\"/>the fol<span class=\"_ _5\"/>lowing positions per curr<span class=\"_ _5\"/>ency (transla<span class=\"_ _5\"/>ted in euros) ar<span class=\"_ _5\"/>e<span class=\"_ _6\"/> the cumulativ<span class=\"_ _5\"/>e gross exposures o<span class=\"_ _5\"/>f non-functional curr<span class=\"_ _5\"/>encies of<span class=\"_ _5\"/> all Ar<span class=\"_ _5\"/>cadis group companies c<span class=\"_ _5\"/>ombined.In \u20ac thousands<span class=\"_ _142\"> </span>in EUR<span class=\"_ _b0\"> </span>in USD<span class=\"_ _19d\"> </span>in GBP<span class=\"_ _ba\"> </span>in CNY<span class=\"_ _9e\"> </span>in BRL<span class=\"_ _ae\"> </span><span class=\"ws3c\">in AED<span class=\"_ _b0\"> </span></span>in CAD<span class=\"_ _68\"> </span><span class=\"ws3c\">in AUD</span>At<span class=\"_ _5\"/> 31 December 2022 T<span class=\"_ _b\"/>rade receivables<span class=\"_ _2e\"> </span> 4,722 <span class=\"_ _62\"> </span> 2<span class=\"_ _7\"/>9,<span class=\"_ _6\"/>513<span class=\"_ _7\"/> <span class=\"_ _20c\"> </span> 24,504 <span class=\"_ _20c\"> </span> 3<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,335<span class=\"_ _6\"/> <span class=\"_ _62\"> </span> 2<span class=\"_ _5\"/>1,229 <span class=\"_ _b0\"> </span> 5<span class=\"_ _5\"/>,000<span class=\"_ _5\"/> <span class=\"_ _ba\"> </span><span class=\"ls9d ws1\"> 4<span class=\"_ _6\"/>,983<span class=\"_ _6\"/> <span class=\"_ _ba\"> </span> 4,20<span class=\"_ _6\"/>0 </span>Cash and cash equivalen<span class=\"_ _5\"/>ts<span class=\"_ _57\"> </span> 3,<span class=\"_ _b\"/>080 <span class=\"_ _cf\"> </span> 13<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _7\"/>5<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _9e\"> </span> 2<span class=\"_ _7\"/>,<span class=\"_ _6\"/>111<span class=\"_ _7\"/> <span class=\"_ _50\"> </span> 592 <span class=\"_ _d6\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _a9\"> </span> 205 <span class=\"_ _19d\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>59<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _ba\"> </span> 1,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>4<span class=\"_ _7\"/>4 </span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _26\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _b0\"> </span> 71,75<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _201\"> </span><span class=\"lsed ws163\"> 11<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>3<span class=\"_ _7\"/>5<span class=\"_ _6\"/>6<span class=\"_ _7\"/> <span class=\"_ _dd\"> </span></span><span class=\"ws1\"> (8,523)<span class=\"_ _13a\"> </span> (2,539)<span class=\"_ _2c8\"> </span> (15,098)<span class=\"_ _14b\"> </span> (75,4<span class=\"_ _6\"/>03)<span class=\"_ _ce\"> </span><span class=\"lsf6 ws10f\"> 89,<span class=\"_ _6\"/>865<span class=\"_ _6\"/> </span></span>Loans and borro<span class=\"_ _5\"/>wings<span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _2c9\"> </span></span> (70,281<span class=\"_ _b\"/>)<span class=\"_ _200\"> </span> (1<span class=\"_ _b\"/>16,89<span class=\"_ _6\"/>0)<span class=\"_ _db\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _d9\"> </span> (<span class=\"_ _7\"/>6<span class=\"_ _6\"/>74<span class=\"_ _6\"/>)<span class=\"_ _2c9\"> </span> 11,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>5<span class=\"_ _7\"/>3<span class=\"_ _6\"/> <span class=\"_ _cf\"> </span><span class=\"lsf2 ws148\"> 75<span class=\"_ _6\"/>,3<span class=\"_ _6\"/>82<span class=\"_ _6\"/> <span class=\"_ _14b\"> </span></span> (93,6<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0)Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _d1\"> </span> (5,8<span class=\"_ _6\"/>01)<span class=\"_ _201\"> </span> (24,191<span class=\"_ _b\"/>)<span class=\"_ _6e\"> </span> (26,41<span class=\"_ _5\"/>3)<span class=\"_ _13a\"> </span> (1,189)<span class=\"_ _2c8\"> </span> (18,6<span class=\"_ _6\"/>63)<span class=\"_ _d8\"> </span><span class=\"lsf0 ws15c\"> (<span class=\"_ _6\"/>9<span class=\"_ _6\"/>8<span class=\"_ _6\"/>2)<span class=\"_ _dd\"> </span></span> (3,4<span class=\"_ _5\"/>19)<span class=\"_ _d8\"> </span> (200)Lease liabilities<span class=\"_ _2ca\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   </span>Balance exposur<span class=\"_ _5\"/>e<span class=\"_ _20f\"> </span> 2<span class=\"_ _6\"/>,0<span class=\"_ _7\"/>01 <span class=\"_ _20c\"> </span> 20,647 <span class=\"_ _b6\"> </span> 668 <span class=\"_ _2c9\"> </span> 2<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>21<span class=\"_ _6\"/>5<span class=\"_ _7\"/> <span class=\"_ _d0\"> </span><span class=\"lsf0 ws15c\"> (<span class=\"_ _6\"/>6<span class=\"_ _6\"/>47<span class=\"_ _6\"/>)<span class=\"_ _174\"> </span></span> 778 <span class=\"_ _ae\"> </span><span class=\"ls118 ws10e\"> 3<span class=\"_ _7\"/>,13<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _ae\"> </span><span class=\"ls101 wsac\"> 1,3<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>At<span class=\"_ _5\"/> 31 December 202<span class=\"_ _5\"/>1 T<span class=\"_ _b\"/>rade receivables<span class=\"_ _2e\"> </span> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>031<span class=\"_ _6\"/> <span class=\"_ _62\"> </span> 31,0<span class=\"_ _6\"/>55<span class=\"_ _6\"/> <span class=\"_ _2c9\"> </span> 3<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>1<span class=\"_ _7\"/>8<span class=\"_ _7\"/>9<span class=\"_ _7\"/> <span class=\"_ _20c\"> </span> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>8<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _62\"> </span><span class=\"lsf8 wse9\"> 2<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>416<span class=\"_ _7\"/> <span class=\"_ _ba\"> </span></span> 5,3<span class=\"_ _6\"/>89 <span class=\"_ _19d\"> </span><span class=\"lsf0 ws15c\"> 3,<span class=\"_ _6\"/>921<span class=\"_ _6\"/> <span class=\"_ _ae\"> </span></span> 4,29<span class=\"_ _6\"/>8 Cash and cash equivalen<span class=\"_ _5\"/>ts<span class=\"_ _57\"> </span> 4<span class=\"_ _6\"/>,28<span class=\"_ _6\"/>8 <span class=\"_ _cf\"> </span> 30,10<span class=\"_ _5\"/>1 <span class=\"_ _62\"> </span><span class=\"ls9d ws1\"> 1<span class=\"_ _5\"/>3,425 <span class=\"_ _19d\"> </span> 1,25<span class=\"_ _5\"/>9 <span class=\"_ _d6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _b2\"> </span><span class=\"lsee ws11e\"> 13<span class=\"_ _6\"/>8<span class=\"_ _7\"/> <span class=\"_ _19d\"> </span><span class=\"lsef ws11c\"> 1,8<span class=\"_ _6\"/>16<span class=\"_ _6\"/> <span class=\"_ _ba\"> </span></span></span></span> 3<span class=\"_ _6\"/>,238 </span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _26\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _d0\"> </span> 1,<span class=\"_ _6\"/>75<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _20c\"> </span><span class=\"ls127 ws184\"> 73<span class=\"_ _6\"/>,454<span class=\"_ _6\"/> <span class=\"_ _13a\"> </span></span><span class=\"ws1\"> (5,9<span class=\"_ _6\"/>44)<span class=\"_ _f3\"> </span> (7<span class=\"_ _b\"/>,173<span class=\"_ _5\"/>)<span class=\"_ _201\"> </span> (15,1<span class=\"_ _5\"/>6<span class=\"_ _6\"/>4)<span class=\"_ _62\"> </span> (4,00<span class=\"_ _6\"/>0)<span class=\"_ _62\"> </span><span class=\"lsf5 ws117\"> 70<span class=\"_ _7\"/>,6<span class=\"_ _6\"/>17<span class=\"_ _6\"/> </span></span>Loans and borro<span class=\"_ _5\"/>wings<span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _62\"> </span></span> (25,126)<span class=\"_ _3c\"> </span> (1<span class=\"_ _5\"/>0<span class=\"_ _6\"/>9,956)<span class=\"_ _db\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _b0\"> </span> 10<span class=\"_ _7\"/>,9<span class=\"_ _6\"/>13<span class=\"_ _7\"/> <span class=\"_ _b0\"> </span><span class=\"lsf6 ws10f\"> 2,8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0 <span class=\"_ _201\"> </span></span> (74,80<span class=\"_ _6\"/>6)Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _238\"> </span><span class=\"ls10c ws136\"> (<span class=\"_ _6\"/>3<span class=\"_ _6\"/>03)<span class=\"_ _6e\"> </span></span> (16,231<span class=\"_ _5\"/>)<span class=\"_ _2c8\"> </span> (14,34<span class=\"_ _6\"/>4)<span class=\"_ _d7\"> </span> (251<span class=\"_ _b\"/>)<span class=\"_ _6e\"> </span> (1<span class=\"_ _5\"/>3,4<span class=\"_ _6\"/>01<span class=\"_ _5\"/>)<span class=\"_ _d7\"> </span><span class=\"lsf5 ws117\"> (<span class=\"_ _6\"/>17<span class=\"_ _6\"/>3<span class=\"_ _6\"/>)<span class=\"_ _13a\"> </span></span> (2,99<span class=\"_ _6\"/>0)<span class=\"_ _d7\"> </span><span class=\"ls102 ws11a\"> (19<span class=\"_ _6\"/>2)</span>Lease liabilities<span class=\"_ _2cb\"> </span> 1,9<span class=\"_ _6\"/>53<span class=\"_ _6\"/> <span class=\"_ _50\"> </span> 10<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _174\"> </span> 24<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _d6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _48\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _48\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _54\"> </span> <span class=\"_ _4\"> </span>-   </span>Balance exposur<span class=\"_ _5\"/>e<span class=\"_ _20f\"> </span> 8<span class=\"_ _6\"/>,96<span class=\"_ _6\"/>9 <span class=\"_ _62\"> </span> 21,6<span class=\"_ _6\"/>61<span class=\"_ _6\"/> <span class=\"_ _c3\"> </span> 14<span class=\"_ _6\"/> <span class=\"_ _62\"> </span> 1<span class=\"_ _5\"/>0,1<span class=\"_ _5\"/>53 <span class=\"_ _d0\"> </span><span class=\"ls102 ws11a\"> (<span class=\"_ _6\"/>15<span class=\"_ _6\"/>8<span class=\"_ _6\"/>)<span class=\"_ _ba\"> </span><span class=\"ls101 wsac\"> 1,<span class=\"_ _6\"/>103<span class=\"_ _6\"/> <span class=\"_ _19d\"> </span><span class=\"lsf0 ws15c\"> 1,5<span class=\"_ _6\"/>47<span class=\"_ _6\"/> <span class=\"_ _ae\"> </span></span></span> 3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span>The below<span class=\"_ _5\"/> exchange r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es were applied in <span class=\"_ _5\"/>the year<span class=\"_ _0\"/>.2022<span class=\"_ _27a\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>In \u20ac<span class=\"_ _116\"> </span>Average<span class=\"_ _9e\"> </span>Y<span class=\"_ _5\"/>ear-end<span class=\"_ _d7\"> </span><span class=\"fc6 ls10d ws12b\">A<span class=\"_ _5\"/>verag<span class=\"_ _6\"/>e<span class=\"_ _9e\"> </span><span class=\"ls9d wsac\">Y<span class=\"_ _5\"/>ear-end</span></span>US Dollar (USD)<span class=\"_ _189\"> </span> 0<span class=\"_ _6\"/>.95 <span class=\"_ _a6\"> </span> 0<span class=\"_ _6\"/>.93<span class=\"_ _6\"/> <span class=\"_ _4d\"> </span><span class=\"lsb2 ws191\"> 0.85 <span class=\"_ _4d\"> </span></span> 0.8<span class=\"_ _6\"/>8 Pound St<span class=\"_ _5\"/>erling (GBP)<span class=\"_ _216\"> </span> 1<span class=\"_ _6\"/>.<span class=\"_ _6\"/>17<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>13<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span><span class=\"lsef ws11c\"> 1.<span class=\"_ _6\"/>16<span class=\"_ _6\"/> <span class=\"_ _a5\"> </span><span class=\"ls102 ws11a\"> 1.<span class=\"_ _6\"/>19<span class=\"_ _6\"/> </span></span>Australian Dol<span class=\"_ _5\"/>lar (AUD)<span class=\"_ _90\"> </span> 0.66<span class=\"_ _6\"/> <span class=\"_ _4d\"> </span> 0.6<span class=\"_ _6\"/>3 <span class=\"_ _4d\"> </span> 0.6<span class=\"_ _6\"/>4 <span class=\"_ _4d\"> </span> 0.6<span class=\"_ _6\"/>4 Chinese Y<span class=\"_ _b\"/>uan Renminbi (CNY)<span class=\"_ _bb\"> </span><span class=\"lsfb ws134\"> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>14<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span><span class=\"lsee ws11e\"> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>13<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>13<span class=\"_ _7\"/> <span class=\"_ _a6\"> </span></span> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>14<span class=\"_ _6\"/> </span>Canadian Dollar<span class=\"_ _5\"/> (CAD)<span class=\"_ _27e\"> </span><span class=\"ls127 ws164\">0.73<span class=\"_ _db\"> </span></span><span class=\"wsac\">0<span class=\"_ _6\"/>.69<span class=\"_ _db\"> </span>0.67<span class=\"_ _d6\"> </span><span class=\"lsf2 ws10e\">0<span class=\"_ _6\"/>.70</span></span>Brazilian Real (BRL)<span class=\"_ _217\"> </span> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>18<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span> 0.<span class=\"_ _6\"/>18<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span><span class=\"lsef ws11c\"> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>16<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span> 0<span class=\"_ _6\"/>.16<span class=\"_ _6\"/> </span>United <span class=\"_ _5\"/>Arab Emirat<span class=\"_ _5\"/>es Dirham (AED)<span class=\"_ _f7\"> </span><span class=\"ls3e ws132\"> 0.<span class=\"_ _6\"/>26 <span class=\"_ _a6\"> </span></span> 0.25 <span class=\"_ _a6\"> </span> 0.23 <span class=\"_ _a6\"> </span><span class=\"lsf0 ws15c\"> 0<span class=\"_ _6\"/>.<span class=\"_ _6\"/>24<span class=\"_ _6\"/> </span>Arcadis uses deriv<span class=\"_ _5\"/>ative <span class=\"_ _5\"/>financial instruments in order<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o manage marke<span class=\"_ _5\"/>t risks associat<span class=\"_ _5\"/>ed with changes in for<span class=\"_ _5\"/>eign exchange r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es as well as in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t ra<span class=\"_ _5\"/>tes.<span class=\"_ _b\"/> All <span class=\"_ _5\"/>transactions are carried out in a<span class=\"_ _5\"/>ccordanc<span class=\"_ _5\"/>e with the Gr<span class=\"_ _5\"/>oup T<span class=\"_ _b\"/>reasury policy<span class=\"_ _5\"/>.<span class=\"_ _b\"/> The Group seeks t<span class=\"_ _5\"/>o apply<span class=\"_ _5\"/> hedge accoun<span class=\"_ _5\"/>ting where possible <span class=\"_ _5\"/>to mana<span class=\"_ _5\"/>ge vola<span class=\"_ _5\"/>tility in pro<span class=\"_ _5\"/>fit or loss.<span class=\"_ _b\"/> All <span class=\"_ _5\"/>foreign e<span class=\"_ _5\"/>xchange f<span class=\"_ _5\"/>orward transa<span class=\"_ _5\"/>ctions outstanding at<span class=\"_ _5\"/> year-end are due <span class=\"_ _5\"/>to ma<span class=\"_ _5\"/>ture in 2023.Sensitivity anal<span class=\"_ _b\"/>ysis currency risks F<span class=\"_ _5\"/>oreign currency sensitivity ana<span class=\"_ _5\"/>ly<span class=\"_ _5\"/>ses are performed by appl<span class=\"_ _b\"/>ying an expected possible <span class=\"_ _5\"/>volatility<span class=\"_ _5\"/> of a curr<span class=\"_ _5\"/>ency<span class=\"_ _5\"/>,<span class=\"_ _5\"/> assuming all o<span class=\"_ _5\"/>ther v<span class=\"_ _5\"/>ariables,<span class=\"_ _b\"/> in par<span class=\"_ _6\"/>ticular int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>es,<span class=\"_ _b\"/> remain constant.<span class=\"_ _0\"/> All monetary assets and liabilities o<span class=\"_ _5\"/>f the Group a<span class=\"_ _5\"/>t year<span class=\"_ _5\"/>-end are reva<span class=\"_ _5\"/>lued,<span class=\"_ _b\"/> which resul<span class=\"_ _5\"/>ts in a hypo<span class=\"_ _5\"/>thetical impact on ne<span class=\"_ _5\"/>t income and equity<span class=\"_ _5\"/> as summarized belo<span class=\"_ _5\"/>w<span class=\"_ _5\"/>.2022<span class=\"_ _27a\"> </span><span class=\"ff2 fc6 lscd wse4\">2<span class=\"_ _6\"/>021</span>Impact on Impact on Impact on Impact on In \u20acnet inc<span class=\"_ _5\"/>omeequitynet inc<span class=\"_ _5\"/>omeequity10% change Euro against<span class=\"_ _5\"/> the US Dollar<span class=\"_ _34\"> </span> 6.9 <span class=\"_ _39\"> </span><span class=\"ls143 ws1af\"> 66.8 <span class=\"_ _de\"> </span></span> 6.0 <span class=\"_ _e4\"> </span><span class=\"lsed ws163\"> 5<span class=\"_ _7\"/>7.<span class=\"_ _7\"/>7<span class=\"_ _7\"/> </span>10% change Euro against<span class=\"_ _5\"/> the Pound St<span class=\"_ _5\"/>erling<span class=\"_ _23\"> </span> 3.1 <span class=\"_ _4d\"> </span> 4<span class=\"_ _6\"/>8.9<span class=\"_ _6\"/> <span class=\"_ _de\"> </span> 3.9 <span class=\"_ _a6\"> </span><span class=\"lsf6 ws10f\"> 49.1 </span>10% change Euro against<span class=\"_ _5\"/> the Austr<span class=\"_ _5\"/>alian Dollar<span class=\"_ _269\"> </span> - <span class=\"_ _114\"> </span> 14.<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _49\"> </span><span class=\"lsfc ws11b\"> 1.2<span class=\"_ _6\"/> <span class=\"_ _a6\"> </span><span class=\"lsee ws11e\"> 13<span class=\"_ _6\"/>.<span class=\"_ _7\"/>0<span class=\"_ _6\"/> </span></span>All ma<span class=\"_ _5\"/>terial ba<span class=\"_ _5\"/>lance sheet positions ha<span class=\"_ _5\"/>ve been hedged with <span class=\"_ _5\"/>for<span class=\"_ _5\"/>eign exchange con<span class=\"_ _5\"/>tracts.<span class=\"_ _b\"/> The transla<span class=\"_ _b\"/>tion risk rela<span class=\"_ _5\"/>ting to subsidiaries <span class=\"_ _5\"/>with a functional currency o<span class=\"_ _5\"/>ther <span class=\"_ _5\"/>than the Group reporting currency o<span class=\"_ _5\"/>f Euro are no<span class=\"_ _b\"/>t hedged,<span class=\"_ _b\"/> in accordanc<span class=\"_ _5\"/>e with the Gr<span class=\"_ _5\"/>oup T<span class=\"_ _b\"/>reasury policy<span class=\"_ _5\"/>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__83": {
   "value": "Capital risk<span class=\"_ _5\"/> management Arcadis<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> objec<span class=\"_ _6\"/>tives when mana<span class=\"_ _5\"/>ging capital are t<span class=\"_ _5\"/>o saf<span class=\"_ _5\"/>eguard Arca<span class=\"_ _5\"/>dis\u2019<span class=\"_ _b\"/> ability t<span class=\"_ _5\"/>o continue as a going conc<span class=\"_ _5\"/>ern in order <span class=\"_ _5\"/>to pro<span class=\"_ _5\"/>vide returns <span class=\"_ _5\"/>for shar<span class=\"_ _5\"/>eholders and benefits f<span class=\"_ _5\"/>or other<span class=\"_ _5\"/> stak<span class=\"_ _5\"/>eholders and t<span class=\"_ _5\"/>o maintain an optima<span class=\"_ _5\"/>l capital structure <span class=\"_ _5\"/>that op<span class=\"_ _b\"/>timizes its cost o<span class=\"_ _5\"/>f capital and a<span class=\"_ _5\"/>llow<span class=\"_ _5\"/>s for<span class=\"_ _5\"/> sufficient flexibility<span class=\"_ _5\"/> t<span class=\"_ _5\"/>owards <span class=\"_ _5\"/>the execution o<span class=\"_ _5\"/>f Arcadis<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> strat<span class=\"_ _5\"/>egy<span class=\"_ _b\"/>.The Group sets <span class=\"_ _5\"/>the amount o<span class=\"_ _5\"/>f capital in pr<span class=\"_ _5\"/>opor<span class=\"_ _6\"/>tion t<span class=\"_ _5\"/>o its risk appetit<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> The Group manages <span class=\"_ _5\"/>the capital structure and mak<span class=\"_ _5\"/>es adjustments <span class=\"_ _5\"/>to it based on changes in ec<span class=\"_ _5\"/>onomic conditions and the risk<span class=\"_ _5\"/> characteris<span class=\"_ _5\"/>tics of<span class=\"_ _5\"/> the underl<span class=\"_ _5\"/>ying assets.<span class=\"_ _b\"/> The capital structure can be a<span class=\"_ _5\"/>lt<span class=\"_ _5\"/>ered by<span class=\"_ _5\"/> adjusting <span class=\"_ _5\"/>the amount o<span class=\"_ _5\"/>f dividends paid t<span class=\"_ _5\"/>o shareholders,<span class=\"_ _0\"/> return capital t<span class=\"_ _5\"/>o shareholders,<span class=\"_ _0\"/> or issue new deb<span class=\"_ _5\"/>t or shar<span class=\"_ _5\"/>es.<span class=\"_ _5\"/> From <span class=\"_ _5\"/>time t<span class=\"_ _5\"/>o time,<span class=\"_ _0\"/> Arcadis purchases its own shar<span class=\"_ _5\"/>es,<span class=\"_ _5\"/> which are used as <span class=\"_ _5\"/>volume hedges <span class=\"_ _5\"/>for <span class=\"_ _5\"/>the trans<span class=\"_ _5\"/>fer o<span class=\"_ _5\"/>f shares under<span class=\"_ _5\"/> Arca<span class=\"_ _5\"/>dis\u2019<span class=\"_ _b\"/> long-term inc<span class=\"_ _5\"/>entive plans and t<span class=\"_ _5\"/>o off-se<span class=\"_ _5\"/>t the dil<span class=\"_ _5\"/>utive effect o<span class=\"_ _b\"/>f scrip dividends.Consist<span class=\"_ _b\"/>ent with the <span class=\"_ _5\"/>financial cov<span class=\"_ _5\"/>enants agreed <span class=\"_ _5\"/>with the banks,<span class=\"_ _b\"/> the Group monit<span class=\"_ _5\"/>ors capital on the basis o<span class=\"_ _5\"/>f the av<span class=\"_ _5\"/>erage Net<span class=\"_ _5\"/> debt <span class=\"_ _5\"/>to EBITD<span class=\"_ _5\"/>A ra<span class=\"_ _5\"/>tio.<span class=\"_ _b\"/> This ra<span class=\"_ _5\"/>tio is calcula<span class=\"_ _5\"/>ted as the a<span class=\"_ _b\"/>verage int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/>-<span class=\"_ _5\"/> bearing debt<span class=\"_ _5\"/> minus cash and cash equival<span class=\"_ _5\"/>ents divided by EBITD<span class=\"_ _5\"/>A<span class=\"_ _6\"/>.<span class=\"_ _b\"/> EBITDA is cal<span class=\"_ _5\"/>culat<span class=\"_ _5\"/>ed as earnings before in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t,<span class=\"_ _b\"/> tax<span class=\"_ _6\"/>,<span class=\"_ _b\"/> depreciation and amortization.<span class=\"_ _5\"/> T<span class=\"_ _b\"/>o obtain a<span class=\"_ _5\"/>ccess t<span class=\"_ _5\"/>o the deb<span class=\"_ _5\"/>t capital mark<span class=\"_ _5\"/>ets,<span class=\"_ _b\"/> the Group ob<span class=\"_ _5\"/>tained an investmen<span class=\"_ _5\"/>t grade cr<span class=\"_ _5\"/>edit ra<span class=\"_ _5\"/>ting of<span class=\"_ _5\"/> BBB-<span class=\"_ _5\"/> (Stable outl<span class=\"_ _5\"/>ook) from S<span class=\"_ _5\"/>tandard &amp; Poor\u2019s.<span class=\"_ _b\"/> The Group and its subsidiaries ar<span class=\"_ _5\"/>e not subject <span class=\"_ _5\"/>to e<span class=\"_ _5\"/>xternal capita<span class=\"_ _5\"/>l<span class=\"_ _6\"/> requiremen<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> other<span class=\"_ _5\"/> than financial c<span class=\"_ _5\"/>ovenants under<span class=\"_ _5\"/> the credit<span class=\"_ _5\"/> documentation o<span class=\"_ _5\"/>f its committ<span class=\"_ _5\"/>ed credit facilities,<span class=\"_ _0\"/> as disclosed in the not<span class=\"_ _5\"/>es t<span class=\"_ _5\"/>o these financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements.During 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> Arcadis\u2019<span class=\"_ _0\"/> strat<span class=\"_ _5\"/>egic goal on financing,<span class=\"_ _b\"/> which w<span class=\"_ _5\"/>as unchanged from 20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>,<span class=\"_ _5\"/> was t<span class=\"_ _b\"/>o maintain a <span class=\"ls3\"> </span>Net deb<span class=\"_ _b\"/>t to EBITD<span class=\"_ _5\"/>A ra<span class=\"_ _5\"/>tio between 1<span class=\"_ _5\"/>.5x<span class=\"_ _5\"/> and 2.5x<span class=\"_ _5\"/> (IFRS 16 based) in or<span class=\"_ _5\"/>der t<span class=\"_ _5\"/>o secure acc<span class=\"_ _5\"/>ess to <span class=\"_ _5\"/>finance at<span class=\"_ _5\"/> a reasonable c<span class=\"_ _5\"/>ost.<span class=\"_ _5\"/> Financial co<span class=\"_ _5\"/>venantsThe financial co<span class=\"_ _5\"/>venant se<span class=\"_ _5\"/>t under <span class=\"_ _5\"/>the contra<span class=\"_ _5\"/>cts of <span class=\"_ _5\"/>the committed cr<span class=\"_ _5\"/>edit fa<span class=\"_ _5\"/>cilities tha<span class=\"_ _5\"/>t are applicable <span class=\"_ _5\"/>to Ar<span class=\"_ _5\"/>cadis includes a T<span class=\"_ _0\"/>otal L<span class=\"_ _5\"/>ever<span class=\"_ _5\"/>age ra<span class=\"_ _5\"/>tio.<span class=\"_ _b\"/> The T<span class=\"_ _0\"/>otal Le<span class=\"_ _5\"/>verage r<span class=\"_ _5\"/>atio f<span class=\"_ _b\"/>or the \u20ac50<span class=\"_ _6\"/>0.0 million Re<span class=\"_ _5\"/>vol<span class=\"_ _5\"/>ving Credit F<span class=\"_ _5\"/>acility and a<span class=\"_ _5\"/>ll the Schuldschein loans has a maximum o<span class=\"_ _5\"/>f 3.5x,<span class=\"_ _b\"/> which is based on IFRS 1<span class=\"_ _5\"/>6.<span class=\"_ _5\"/> These ra<span class=\"_ _5\"/>tios are included in <span class=\"_ _5\"/>the next tabl<span class=\"_ _5\"/>es.In \u20ac millions<span class=\"_ _177\"> </span>Note<span class=\"_ _96\"> </span><span class=\"fs7b fc1 ls3e ws1\">31 December 2022<span class=\"_ _30\"> </span><span class=\"ff2 fc6\">31 December 202<span class=\"_ _5\"/>1</span></span>Long-t<span class=\"_ _5\"/>erm loans and borrowings30<span class=\"_ _80\"> </span><span class=\"fs7b lsfc ws118\">9<span class=\"_ _6\"/>01.<span class=\"_ _6\"/>9<span class=\"_ _133\"> </span><span class=\"lsed ws109\">1<span class=\"_ _7\"/>8<span class=\"_ _6\"/>7.<span class=\"_ _7\"/>5</span></span>Current<span class=\"_ _5\"/> por<span class=\"_ _6\"/>tion of l<span class=\"_ _5\"/>oans and borrowings30<span class=\"_ _193\"> </span><span class=\"fs7b ls9d wsac\">56<span class=\"_ _6\"/>.2<span class=\"_ _66\"> </span><span class=\"ls12d ws14f\">76<span class=\"_ _6\"/>.<span class=\"_ _6\"/>1</span></span>Lease liabilities16<span class=\"_ _80\"> </span><span class=\"fs7b ls2 ws12a\">235<span class=\"_ _6\"/>.9<span class=\"_ _58\"> </span><span class=\"ls9d wsac\">192.5</span></span>Current<span class=\"_ _5\"/> por<span class=\"_ _6\"/>tion of l<span class=\"_ _5\"/>ease liabilities16<span class=\"_ _157\"> </span><span class=\"fs7b lsd2 wse9\">71.<span class=\"_ _6\"/>8<span class=\"_ _66\"> </span><span class=\"ls9d wsac\">6<span class=\"_ _6\"/>2.5</span></span>Bank ov<span class=\"_ _5\"/>erdrafts25<span class=\"_ _66\"> </span><span class=\"fs7b ls10f ws12c\">15<span class=\"_ _6\"/>.<span class=\"_ _6\"/>2<span class=\"_ _13d\"> </span><span class=\"ls9d wsac\">0.1</span></span>T<span class=\"_ _b\"/>otal debt<span class=\"_ _224\"> </span><span class=\"wsac\">1,281<span class=\"_ _5\"/>.0<span class=\"_ _80\"> </span><span class=\"lsfc ws118\">518<span class=\"_ _7\"/>.7</span></span>Less: cash and cash equiva<span class=\"_ _5\"/>lents25<span class=\"_ _19c\"> </span> (272.8)<span class=\"_ _4f\"> </span> (351<span class=\"_ _5\"/>.0)Net deb<span class=\"_ _5\"/>t<span class=\"_ _209\"> </span><span class=\"wsac\">1,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>8.2<span class=\"_ _52\"> </span><span class=\"ls166 ws19a\">1<span class=\"_ _7\"/>6<span class=\"_ _6\"/>7.<span class=\"_ _7\"/>7</span></span>Less: non-current<span class=\"_ _5\"/> por<span class=\"_ _6\"/>tion deferr<span class=\"_ _5\"/>ed consideration6<span class=\"_ _66\"> </span><span class=\"fs7b ls9d\"> (3.1)<span class=\"_ _9b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span></span>Net deb<span class=\"_ _5\"/>t acc<span class=\"_ _5\"/>ording to deb<span class=\"_ _5\"/>t co<span class=\"_ _5\"/>venants<span class=\"_ _21d\"> </span><span class=\"wsac\">1,0<span class=\"_ _6\"/>05<span class=\"_ _6\"/>.1<span class=\"_ _52\"> </span><span class=\"ls166 ws19a\">1<span class=\"_ _6\"/>6<span class=\"_ _7\"/>7.<span class=\"_ _6\"/>7</span></span>1EBITDA a<span class=\"_ _5\"/>ccording t<span class=\"_ _5\"/>o debt<span class=\"_ _5\"/> covenants412<span class=\"_ _6\"/>.<span class=\"_ _6\"/>3<span class=\"_ _80\"> </span><span class=\"ls9d wsac\">342<span class=\"_ _6\"/>.7</span>1 EBITDA adjus<span class=\"_ _5\"/>ted for<span class=\"_ _5\"/> share-based compensation and acquisition e<span class=\"_ _5\"/>ffects, in a<span class=\"_ _5\"/>ccordance <span class=\"_ _5\"/>with debt cov<span class=\"_ _5\"/>enants.<span class=\"_ _5\"/> Non-GA<span class=\"_ _6\"/>AP performance measure<span class=\"_ _5\"/>, <span class=\"_ _5\"/>to provide transparency on the underl<span class=\"_ _b\"/>ying per<span class=\"_ _6\"/>formance of<span class=\"_ _5\"/> our business (ref<span class=\"_ _5\"/>erence is made t<span class=\"_ _5\"/>o the Glossary Non-financial &amp; Financial indica<span class=\"_ _5\"/>tors on page 286 for <span class=\"ls34 ws1\">the definition as </span>used by Arcadis)<span class=\"fs13a ls3 ws1b0\">  </span>RatiosIn \u20ac<span class=\"_ _1ca\"> </span><span class=\"ff1 fs7b fc1 ls3e\">2022 (IFRS 16)<span class=\"_ _d8\"> </span><span class=\"ff2 fc6\">2021 (IFRS 16)</span></span>Net deb<span class=\"_ _5\"/>t t<span class=\"_ _5\"/>o EBITDA ra<span class=\"_ _5\"/>tio accor<span class=\"_ _5\"/>ding to deb<span class=\"_ _5\"/>t cov<span class=\"_ _5\"/>enants (at a<span class=\"_ _5\"/>verage ne<span class=\"_ _5\"/>t debt,<span class=\"_ _b\"/> T<span class=\"_ _b\"/>otal Le<span class=\"_ _5\"/>verage Ratio)<span class=\"_ _2cd\"> </span><span class=\"lsfc ws11b\"> 1.6<span class=\"_ _6\"/> <span class=\"_ _160\"> </span></span><span class=\"ws1\"> 0.8 </span>The ra<span class=\"_ _5\"/>tio as disclosed above is ca<span class=\"_ _5\"/>lculat<span class=\"_ _5\"/>ed based on the definitions as agr<span class=\"_ _5\"/>eed with and aligned betw<span class=\"_ _5\"/>een the differen<span class=\"_ _5\"/>t providers o<span class=\"_ _5\"/>f committ<span class=\"_ _b\"/>ed credit fa<span class=\"_ _5\"/>cilities.<span class=\"_ _b\"/> The calcula<span class=\"_ _5\"/>tion of <span class=\"_ _5\"/>the aver<span class=\"_ _5\"/>age Net<span class=\"_ _5\"/> debt <span class=\"_ _5\"/>to EBITDA<span class=\"_ _5\"/> ra<span class=\"_ _5\"/>tio is based on the a<span class=\"_ _5\"/>verage ne<span class=\"_ _5\"/>t debt<span class=\"_ _5\"/> of<span class=\"_ _5\"/> Q2 and Q4.<span class=\"_ _5\"/> Throughout<span class=\"_ _5\"/> 2022,<span class=\"_ _0\"/> Arcadis c<span class=\"_ _5\"/>omplied with all <span class=\"_ _5\"/>financial and non-financial cov<span class=\"_ _5\"/>enants.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__84": {
   "value": "Going concern assumptionManagement has assessed the going concern assumption and exercised significant judgment in making reasonable estimates. Based on the latest available financial (cash flow) forecasts and sensitivity analysis performed, management concluded that there is no material uncertainty related to events and conditions that may cast significant doubt on the Group ability to continue as a going concern.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__85": {
   "value": "Fair valueThe fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lues of<span class=\"_ _5\"/> financial assets and liabilities <span class=\"_ _5\"/>together<span class=\"_ _5\"/> with the carrying amounts recogniz<span class=\"_ _5\"/>ed in the Consolida<span class=\"_ _5\"/>ted balanc<span class=\"_ _5\"/>e sheet,<span class=\"_ _b\"/> are as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:Carrying value per<span class=\"_ _5\"/> IFRS 9 category Fair valueOut o<span class=\"_ _5\"/>fFair valuethrough OtherCarryingScope <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Amortizedthroughcomprehensive Fair <span class=\"_ _1\"/><span class=\"ls3 ws1\"> </span>In \u20ac thousandsamountIFRS 7costProfit<span class=\"_ _5\"/> or Lossincome<span class=\"_ _23b\"> </span><span class=\"ff1 ls163 ws193\">To<span class=\"_ _7\"/>t<span class=\"_ _6\"/>a<span class=\"_ _7\"/>l</span>valueAt<span class=\"_ _5\"/> 31 December 2022 Investmen<span class=\"_ _5\"/>ts in associates and join<span class=\"_ _5\"/>t ven<span class=\"_ _5\"/>tures<span class=\"_ _a7\"> </span> 11<span class=\"_ _6\"/>,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>3<span class=\"_ _6\"/>3<span class=\"_ _7\"/> <span class=\"_ _157\"> </span>11<span class=\"_ _6\"/>,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>3<span class=\"_ _6\"/>3<span class=\"_ _5c\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   </span>Other inv<span class=\"_ _5\"/>estments<span class=\"_ _1be\"> </span><span class=\"ls152 ws17e\"> 3,609 <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _16a\"> </span></span> 3,609 <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _13d\"> </span></span> 3,609 <span class=\"_ _2b9\"> </span> 3,<span class=\"_ _5\"/>609 </span>Other non-current<span class=\"_ _5\"/> assets<span class=\"_ _29b\"> </span><span class=\"wsac\">2<span class=\"_ _6\"/>0,88<span class=\"_ _6\"/>9<span class=\"_ _1c1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _163\"> </span></span>20,889<span class=\"_ _1c1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _163\"> </span></span>20,88<span class=\"_ _6\"/>9<span class=\"_ _160\"> </span>20<span class=\"_ _6\"/>,88<span class=\"_ _6\"/>9</span>(Un)billed rec<span class=\"_ _5\"/>eivables:T<span class=\"_ _b\"/>rade receivables<span class=\"_ _7a\"> </span><span class=\"lsed ws163\"> 7<span class=\"_ _6\"/>4<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>3<span class=\"_ _7\"/>9<span class=\"_ _6\"/>2<span class=\"_ _7\"> </span> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1b7\"> </span></span> 7<span class=\"_ _6\"/>4<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>3<span class=\"_ _7\"/>9<span class=\"_ _6\"/>2<span class=\"_ _7\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _102\"> </span></span> 74<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>3<span class=\"_ _7\"/>9<span class=\"_ _7\"/>2<span class=\"_ _7\"/> <span class=\"_ _83\"> </span> 74<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>3<span class=\"_ _6\"/>9<span class=\"_ _7\"/>2<span class=\"_ _7\"/> </span>Contr<span class=\"_ _5\"/>act assets (unbilled r<span class=\"_ _5\"/>eceivables)<span class=\"_ _1f9\"> </span><span class=\"ls6f ws13a\"> 64<span class=\"_ _7\"/>4,8<span class=\"_ _6\"/>59<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _58\"> </span></span> 6<span class=\"_ _7\"/>44<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>59<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _58\"> </span></span> 6<span class=\"_ _7\"/>44<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>59<span class=\"_ _6\"/> <span class=\"_ _3b\"> </span> 6<span class=\"_ _7\"/>44<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>59<span class=\"_ _6\"/> </span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _2ce\"> </span><span class=\"ls10f ws129\"> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>4<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _2b9\"> </span></span> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>81<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _42\"> </span><span class=\"lsf9 ws178\"> 12<span class=\"_ _6\"/>9<span class=\"_ _7\"/> <span class=\"_ _1b7\"> </span></span> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>4<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _102\"> </span> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>43<span class=\"_ _6\"/> </span>Cash and cash equivalen<span class=\"_ _5\"/>ts<span class=\"_ _2cf\"> </span><span class=\"lsf2 ws148\"> 272,<span class=\"_ _6\"/>75<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _133\"> </span></span> 272,<span class=\"_ _6\"/>75<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _53\"> </span></span> 272,75<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _101\"> </span> 272,<span class=\"_ _6\"/>754<span class=\"_ _6\"/> </span>T<span class=\"_ _b\"/>otal Financial assets<span class=\"_ _1db\"> </span> 1,71<span class=\"_ _5\"/>7<span class=\"_ _5\"/>,059<span class=\"_ _6\"/> <span class=\"_ _102\"> </span><span class=\"lsfd ws114\"> 11<span class=\"_ _6\"/>,<span class=\"_ _7\"/>6<span class=\"_ _6\"/>3<span class=\"_ _6\"/>3<span class=\"_ _7\"/> <span class=\"_ _223\"> </span></span> 1,68<span class=\"_ _6\"/>5,8<span class=\"_ _6\"/>94<span class=\"_ _6\"/> <span class=\"_ _1b7\"> </span> 19,423 <span class=\"_ _42\"> </span><span class=\"lsfb ws134\"> 12<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _76\"> </span></span> 1,705,4<span class=\"_ _6\"/>4<span class=\"_ _6\"/>6 <span class=\"_ _76\"> </span> 1,705,4<span class=\"_ _6\"/>46<span class=\"_ _6\"/> Loans and borro<span class=\"_ _5\"/>wings:Non-current<span class=\"_ _2d0\"> </span><span class=\"lsef ws10b\">9<span class=\"_ _6\"/>01,<span class=\"_ _6\"/>93<span class=\"_ _6\"/>5<span class=\"_ _1c1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _159\"> </span></span>9<span class=\"_ _6\"/>01,<span class=\"_ _6\"/>93<span class=\"_ _6\"/>5<span class=\"_ _1c1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _8b\"> </span></span>9<span class=\"_ _7\"/>01,9<span class=\"_ _6\"/>35<span class=\"_ _7d\"> </span><span class=\"lsd2 wse9\">8<span class=\"_ _6\"/>95<span class=\"_ _6\"/>,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>71</span></span>Current<span class=\"_ _2d1\"> </span><span class=\"ls48 ws132\">56,230<span class=\"_ _1c1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _163\"> </span></span>56,230<span class=\"_ _6f\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _163\"> </span></span>56,230<span class=\"_ _15b\"> </span>56<span class=\"_ _6\"/>,238 </span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _2d2\"> </span><span class=\"lsef ws11c\"> 21,9<span class=\"_ _7\"/>0<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _160\"> </span></span> 21,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>0<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _160\"> </span></span> 21,9<span class=\"_ _7\"/>0<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _1b7\"> </span> 21,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>0<span class=\"_ _7\"/>4 </span>Contr<span class=\"_ _5\"/>act liabilities (billing in ex<span class=\"_ _5\"/>cess of r<span class=\"_ _5\"/>evenue)<span class=\"_ _1d0\"> </span><span class=\"lsef ws11c\"> 481,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>72<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _133\"> </span></span> 4<span class=\"_ _6\"/>81,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>72<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _133\"> </span></span> 4<span class=\"_ _7\"/>81,8<span class=\"_ _6\"/>7<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _161\"> </span> 4<span class=\"_ _6\"/>81,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>72<span class=\"_ _6\"/> </span>Provision <span class=\"_ _5\"/>for onerous c<span class=\"_ _5\"/>ontracts (loss pro<span class=\"_ _5\"/>visions)<span class=\"_ _240\"> </span><span class=\"lsf0 ws15c\"> 24<span class=\"_ _6\"/>,2<span class=\"_ _6\"/>28<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _160\"> </span></span> 24<span class=\"_ _6\"/>,<span class=\"_ _6\"/>22<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _15b\"> </span></span> 24<span class=\"_ _6\"/>,2<span class=\"_ _6\"/>28<span class=\"_ _6\"/> <span class=\"_ _102\"> </span> 24<span class=\"_ _6\"/>,2<span class=\"_ _6\"/>28<span class=\"_ _6\"/> </span>Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _2d3\"> </span><span class=\"lsed ws109\">3<span class=\"_ _6\"/>3<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>4<span class=\"_ _7\"/>8<span class=\"_ _7\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _159\"> </span></span>3<span class=\"_ _7\"/>3<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>4<span class=\"_ _7\"> </span>8<span class=\"_ _4\"> </span> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _8b\"> </span></span>3<span class=\"_ _7\"/>3<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>4<span class=\"_ _7\"> </span>8<span class=\"_ _4\"> </span> <span class=\"_ _80\"> </span>3<span class=\"_ _6\"/>3<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>8<span class=\"_ _4\"> </span>4<span class=\"_ _7\"/>8<span class=\"_ _7\"/> </span>Lease liabilities<span class=\"_ _2d4\"> </span><span class=\"lsef ws11c\"> 23<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,9<span class=\"_ _6\"/>47<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _133\"> </span></span> 23<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,9<span class=\"_ _6\"/>47<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _52\"> </span></span> 2<span class=\"_ _6\"/>3<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,9<span class=\"_ _6\"/>47<span class=\"_ _6\"/> <span class=\"_ _161\"> </span> 2<span class=\"_ _6\"/>35<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>47<span class=\"_ _6\"/> </span>Deferr<span class=\"_ _5\"/>ed consideration<span class=\"_ _1d6\"> </span><span class=\"ls3 ws137\"> 5,309 <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _176\"> </span></span> 5,309 <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _13d\"> </span></span> 5,309 <span class=\"_ _79\"> </span> 5,309 </span>Bank ov<span class=\"_ _5\"/>erdrafts and short-term bank<span class=\"_ _5\"/> debts<span class=\"_ _116\"> </span><span class=\"ls10f ws129\"> 15,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>6<span class=\"_ _7\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _2b9\"> </span></span> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _2b9\"> </span></span> 15<span class=\"_ _6\"/>,15<span class=\"_ _6\"/>6<span class=\"_ _7\"/> <span class=\"_ _102\"> </span> 15<span class=\"_ _6\"/>,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span>T<span class=\"_ _b\"/>otal Financial liabilities<span class=\"_ _20a\"> </span><span class=\"wsac\">2<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>80<span class=\"_ _6\"/>,429<span class=\"_ _1c1\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _149\"> </span></span>2<span class=\"_ _6\"/>,053,216 <span class=\"_ _159\"> </span><span class=\"ls147 ws172\"> 2<span class=\"_ _6\"/>7,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>13<span class=\"_ _7\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _3a\"> </span></span></span>2,0<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0,429 <span class=\"_ _4f\"> </span>2<span class=\"_ _6\"/>,07<span class=\"_ _5\"/>4<span class=\"_ _6\"/>,1<span class=\"_ _5\"/>73</span>F<span class=\"_ _5\"/>air val<span class=\"_ _5\"/>ue hierarchyThe financial instrumen<span class=\"_ _5\"/>ts carried at <span class=\"_ _5\"/>fair <span class=\"_ _5\"/>value ar<span class=\"_ _5\"/>e anal<span class=\"_ _5\"/>yzed by <span class=\"_ _5\"/>val<span class=\"_ _5\"/>uation method,<span class=\"_ _0\"/> using the fol<span class=\"_ _5\"/>lowing le<span class=\"_ _5\"/>vels: \u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Lev<span class=\"_ _5\"/>el 1<span class=\"_ _5\"/>: quot<span class=\"_ _5\"/>ed prices (unadjust<span class=\"_ _5\"/>ed) in active mark<span class=\"_ _5\"/>ets f<span class=\"_ _5\"/>or identical asse<span class=\"_ _5\"/>ts or liabilities; </span>\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Lev<span class=\"_ _5\"/>el 2: inputs other<span class=\"_ _5\"/> than quo<span class=\"_ _5\"/>ted prices incl<span class=\"_ _5\"/>uded within Lev<span class=\"_ _5\"/>el 1 tha<span class=\"_ _5\"/>t are observable f<span class=\"_ _b\"/>or the asset or<span class=\"_ _5\"/> </span>liability<span class=\"_ _b\"/>,<span class=\"_ _5\"/> either directl<span class=\"_ _5\"/>y (i.<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> as prices) or indirectl<span class=\"_ _5\"/>y (i.e<span class=\"_ _5\"/>.<span class=\"_ _b\"/> derived from prices); and\u2022 <span class=\"_ _44\"> </span><span class=\"fc6\">Lev<span class=\"_ _5\"/>el 3: inputs f<span class=\"_ _5\"/>or <span class=\"_ _5\"/>the assets or liability <span class=\"_ _5\"/>that<span class=\"_ _5\"/> are not<span class=\"_ _5\"/> based on obser<span class=\"_ _6\"/>vable mark<span class=\"_ _5\"/>et da<span class=\"_ _5\"/>ta (unobservable </span>inputs).All financial ins<span class=\"_ _5\"/>truments carried at<span class=\"_ _5\"/> fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue within the Gr<span class=\"_ _5\"/>oup are cat<span class=\"_ _5\"/>egorized in Le<span class=\"_ _5\"/>vel 2,<span class=\"_ _b\"/> exc<span class=\"_ _5\"/>ept<span class=\"_ _5\"/> for<span class=\"_ _5\"/> the other<span class=\"_ _5\"/> investmen<span class=\"_ _5\"/>t in T<span class=\"_ _0\"/>echstars and the def<span class=\"_ _5\"/>erred consider<span class=\"_ _5\"/>ation wher<span class=\"_ _5\"/>eby a L<span class=\"_ _5\"/>evel 3 v<span class=\"_ _5\"/>alua<span class=\"_ _5\"/>tion has been used (see not<span class=\"_ _5\"/>e 1<span class=\"_ _5\"/>8).<span class=\"_ _b\"/> The fair v<span class=\"_ _5\"/>alue o<span class=\"_ _5\"/>f f<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change f<span class=\"_ _5\"/>or<span class=\"_ _6\"/>ward ra<span class=\"_ _b\"/>te contra<span class=\"_ _5\"/>cts is based on quoted mark<span class=\"_ _b\"/>et prices a<span class=\"_ _5\"/>t the balanc<span class=\"_ _5\"/>e sheet da<span class=\"_ _b\"/>te,<span class=\"_ _b\"/> being the present<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> the quot<span class=\"_ _b\"/>ed forward price<span class=\"_ _5\"/>.<span class=\"_ _b\"/> Those quot<span class=\"_ _5\"/>es are t<span class=\"_ _5\"/>ested <span class=\"_ _5\"/>for<span class=\"_ _5\"/> reasonableness by<span class=\"_ _5\"/> discoun<span class=\"_ _5\"/>ting estimat<span class=\"_ _5\"/>ed future cash <span class=\"_ _5\"/>flows based on <span class=\"_ _5\"/>the term and ma<span class=\"_ _5\"/>turity o<span class=\"_ _5\"/>f the c<span class=\"_ _5\"/>ontract,<span class=\"_ _b\"/> using market<span class=\"_ _5\"/> int<span class=\"_ _5\"/>erest r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es.Carrying value per<span class=\"_ _5\"/> IFRS 9 category Fair valueFair valuethrough OtherCarryingOut o<span class=\"_ _5\"/>fAmortizedthroughcomprehensive In \u20ac thousandsamountScope IFRS 7costProfit<span class=\"_ _5\"/> or Lossincome<span class=\"_ _9a\"> </span><span class=\"ls112 ws12e\">To<span class=\"_ _7\"/>t<span class=\"_ _6\"/>a<span class=\"_ _7\"/>l<span class=\"_ _4c\"> </span><span class=\"ls10d ws16e\">Fair value</span></span>At<span class=\"_ _5\"/> 31 December 202<span class=\"_ _5\"/>1 Investmen<span class=\"_ _5\"/>ts in associates and join<span class=\"_ _5\"/>t ven<span class=\"_ _5\"/>tures<span class=\"_ _2d5\"> </span> 18<span class=\"_ _6\"/>,8<span class=\"_ _7\"/>43<span class=\"_ _6\"/> <span class=\"_ _1b7\"> </span> 18<span class=\"_ _6\"/>,8<span class=\"_ _7\"/>43<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _14d\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _6f\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   </span>Other inv<span class=\"_ _5\"/>estments<span class=\"_ _2cd\"> </span><span class=\"ls10f ws129\"> 2<span class=\"_ _6\"/>,15<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _176\"> </span></span> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _188\"> </span></span> 2,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _156\"> </span> 2,<span class=\"_ _6\"/>15<span class=\"_ _6\"/>2<span class=\"_ _6\"/> </span>Other non-current<span class=\"_ _5\"/> assets<span class=\"_ _1db\"> </span><span class=\"lsfb ws134\"> 2<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>214<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _15b\"> </span></span> 2<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>214<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _2b9\"> </span></span> 2<span class=\"_ _6\"/>2,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>14<span class=\"_ _6\"/> <span class=\"_ _8b\"> </span> 22<span class=\"_ _6\"/>,<span class=\"_ _6\"/>214<span class=\"_ _7\"/> </span>(Un)billed rec<span class=\"_ _5\"/>eivables:T<span class=\"_ _b\"/>rade receivables<span class=\"_ _1e0\"> </span><span class=\"lsef ws11c\"> 5<span class=\"_ _6\"/>21,<span class=\"_ _6\"/>85<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _133\"> </span></span> 5<span class=\"_ _6\"/>21,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>55<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _53\"> </span></span> 521,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>55<span class=\"_ _6\"/> <span class=\"_ _101\"> </span> 5<span class=\"_ _6\"/>21,8<span class=\"_ _6\"/>5<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span>Contr<span class=\"_ _5\"/>act assets (unbilled r<span class=\"_ _5\"/>eceivables)<span class=\"_ _1f9\"> </span><span class=\"ls3e ws132\"> 50<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,26<span class=\"_ _6\"/>8 <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _58\"> </span></span> 50<span class=\"_ _7\"/>0,26<span class=\"_ _6\"/>8 <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _80\"> </span></span> 5<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,26<span class=\"_ _6\"/>8 <span class=\"_ _4c\"> </span> 50<span class=\"_ _7\"/>0,26<span class=\"_ _6\"/>8<span class=\"_ _6\"/> </span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _2d6\"> </span><span class=\"lsed ws163\"> 7,<span class=\"_ _7\"/>1<span class=\"_ _6\"/>0<span class=\"_ _6\"/>7<span class=\"_ _7\"> </span> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _13d\"> </span><span class=\"ls128 ws18d\"> 6<span class=\"_ _6\"/>,652<span class=\"_ _6\"/> <span class=\"_ _23b\"> </span><span class=\"ls6f ws13a\"> 4<span class=\"_ _6\"/>55 <span class=\"_ _158\"> </span></span></span></span> 7,<span class=\"_ _6\"/>1<span class=\"_ _7\"/>0<span class=\"_ _6\"/>7<span class=\"_ _7\"/> <span class=\"_ _158\"> </span> 7,<span class=\"_ _6\"/>1<span class=\"_ _7\"/>0<span class=\"_ _6\"/>7<span class=\"_ _7\"/> </span>Cash and cash equivalen<span class=\"_ _5\"/>ts<span class=\"_ _2cf\"> </span><span class=\"lsf8 wse9\"> 3<span class=\"_ _6\"/>51,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>0<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _133\"> </span></span> 3<span class=\"_ _6\"/>51<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>03<span class=\"_ _7\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _133\"> </span></span> 3<span class=\"_ _6\"/>51,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>0<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _101\"> </span> 3<span class=\"_ _6\"/>51,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>0<span class=\"_ _6\"/>3<span class=\"_ _6\"/> </span>T<span class=\"_ _b\"/>otal Financial assets<span class=\"_ _1ca\"> </span> 1,423,4<span class=\"_ _6\"/>42 <span class=\"_ _7d\"> </span><span class=\"lsfa ws43\"> 18<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>4<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _76\"> </span></span> 1,395,3<span class=\"_ _6\"/>40<span class=\"_ _6\"/> <span class=\"_ _15b\"> </span> 8<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>4 <span class=\"_ _23b\"> </span><span class=\"ls2 ws14a\"> 4<span class=\"_ _6\"/>55 <span class=\"_ _76\"> </span></span> 1,404<span class=\"_ _6\"/>,59<span class=\"_ _6\"/>9 <span class=\"_ _223\"> </span> 1,4<span class=\"_ _6\"/>04<span class=\"_ _6\"/>,599<span class=\"_ _6\"/> Loans and borro<span class=\"_ _5\"/>wings:Non-current<span class=\"_ _2d0\"> </span><span class=\"lsed ws163\"> 18<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>51<span class=\"_ _6\"/>1<span class=\"_ _7\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _102\"> </span></span> 1<span class=\"_ _6\"/>8<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>51<span class=\"_ _6\"/>1<span class=\"_ _7\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _8b\"> </span></span> 1<span class=\"_ _6\"/>8<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>1<span class=\"_ _6\"/>1<span class=\"_ _7\"/> <span class=\"_ _101\"> </span><span class=\"ls152 ws17e\"> 1<span class=\"_ _5\"/>87<span class=\"_ _0\"/>,609 </span></span>Current<span class=\"_ _2d7\"> </span><span class=\"ls12d ws116\"> 76<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>57<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _160\"> </span></span> 76<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>5<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _160\"> </span></span> 76<span class=\"_ _7\"/>,0<span class=\"_ _6\"/>5<span class=\"_ _6\"/>7<span class=\"_ _6\"/> <span class=\"_ _1b7\"> </span> 76<span class=\"_ _7\"/>,5<span class=\"_ _6\"/>6<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _2d8\"> </span><span class=\"ws1\"> 4,836<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _5b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _176\"> </span></span> 4,83<span class=\"_ _6\"/>6 <span class=\"_ _135\"> </span> 4,836 <span class=\"_ _163\"> </span> 4,836 </span>Contr<span class=\"_ _5\"/>act liabilities (billing in ex<span class=\"_ _5\"/>cess of r<span class=\"_ _5\"/>evenue)<span class=\"_ _293\"> </span><span class=\"lsfe ws5b\"> 38<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,787<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _52\"> </span></span> 38<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,78<span class=\"_ _6\"/>7 <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _52\"> </span></span> 3<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,787<span class=\"_ _6\"/> <span class=\"_ _161\"> </span> 38<span class=\"_ _6\"/>0,<span class=\"_ _6\"/>787<span class=\"_ _6\"/> </span>Provision <span class=\"_ _5\"/>for onerous c<span class=\"_ _5\"/>ontracts (loss pro<span class=\"_ _5\"/>visions)<span class=\"_ _240\"> </span><span class=\"ls10d ws10d\"> 26,0<span class=\"_ _6\"/>92<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _157\"> </span></span> 26<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>92<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _160\"> </span></span> 26<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>92 <span class=\"_ _1b7\"> </span> 26<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>92<span class=\"_ _6\"/> </span>Accounts pa<span class=\"_ _5\"/>yable<span class=\"_ _270\"> </span><span class=\"ls10e ws111\"> 2<span class=\"_ _7\"/>3<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _7\"/>2<span class=\"_ _6\"/>11<span class=\"_ _7\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _7d\"> </span></span> 2<span class=\"_ _7\"/>3<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _7\"/>211<span class=\"_ _7\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _7d\"> </span></span> 2<span class=\"_ _7\"/>32<span class=\"_ _7\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>11<span class=\"_ _7\"/> <span class=\"_ _109\"> </span> 2<span class=\"_ _6\"/>3<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _7\"/>2<span class=\"_ _6\"/>11<span class=\"_ _7\"/> </span>Lease liabilities<span class=\"_ _2d4\"> </span><span class=\"ls102 ws11a\"> 192<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _52\"> </span></span> 19<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,5<span class=\"_ _6\"/>0<span class=\"_ _7\"/>9 <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _133\"> </span></span> 192,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>0<span class=\"_ _7\"/>9 <span class=\"_ _161\"> </span> 19<span class=\"_ _6\"/>2,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span>Deferr<span class=\"_ _5\"/>ed consideration<span class=\"_ _1ef\"> </span><span class=\"ls3 ws137\"> 4<span class=\"_ _6\"/>80 <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _1b9\"> </span></span> 4<span class=\"_ _6\"/>80 <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _7\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _1b9\"> </span></span> 480 <span class=\"_ _9b\"> </span> 4<span class=\"_ _6\"/>80 </span>Bank ov<span class=\"_ _5\"/>erdrafts and short-term bank<span class=\"_ _5\"/> debts<span class=\"_ _2d9\"> </span><span class=\"ls101 wsac\"> 91 <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _c2\"> </span></span> 91<span class=\"_ _6\"/> <span class=\"_ _1b6\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _1bd\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _c2\"> </span></span> 91<span class=\"_ _6\"/> <span class=\"_ _9c\"> </span> 91<span class=\"_ _6\"/> </span>T<span class=\"_ _b\"/>otal Financial liabilities<span class=\"_ _1e1\"> </span> 1,10<span class=\"_ _6\"/>0,57<span class=\"_ _5\"/>4 <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _1ae\"> </span></span> 1,0<span class=\"_ _6\"/>95,258<span class=\"_ _6\"/> <span class=\"_ _163\"> </span> 5,316<span class=\"_ _6\"/> <span class=\"_ _172\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _205\"> </span></span> 1,10<span class=\"_ _6\"/>0,57<span class=\"_ _5\"/>4 <span class=\"_ _51\"> </span><span class=\"ls101 wsac\"> 1,1<span class=\"_ _6\"/>01,18<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span>The fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> inter<span class=\"_ _5\"/>est ra<span class=\"_ _b\"/>te swaps is cal<span class=\"_ _5\"/>culat<span class=\"_ _5\"/>ed by discoun<span class=\"_ _5\"/>ting estimat<span class=\"_ _b\"/>ed future cash flow<span class=\"_ _5\"/>s based on the t<span class=\"_ _5\"/>erms and maturity o<span class=\"_ _b\"/>f each contr<span class=\"_ _5\"/>act and using marke<span class=\"_ _5\"/>t int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> rat<span class=\"_ _5\"/>es f<span class=\"_ _5\"/>or a similar instrumen<span class=\"_ _5\"/>t a<span class=\"_ _5\"/>t measurement<span class=\"_ _5\"/> dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> These calcula<span class=\"_ _5\"/>tions are t<span class=\"_ _b\"/>ested f<span class=\"_ _5\"/>or reasonabl<span class=\"_ _5\"/>eness by comparing <span class=\"_ _5\"/>them with bank val<span class=\"_ _5\"/>uations.The fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> loans and receiv<span class=\"_ _5\"/>ables is based on the presen<span class=\"_ _5\"/>t v<span class=\"_ _5\"/>alue o<span class=\"_ _5\"/>f future principa<span class=\"_ _5\"/>l and inter<span class=\"_ _5\"/>est cash flows,<span class=\"_ _0\"/> discounted a<span class=\"_ _5\"/>t the Gr<span class=\"_ _5\"/>oup specific market r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e of<span class=\"_ _5\"/> inter<span class=\"_ _5\"/>est a<span class=\"_ _5\"/>t reporting dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> For<span class=\"_ _5\"/> financial leases the marke<span class=\"_ _5\"/>t ra<span class=\"_ _5\"/>te o<span class=\"_ _5\"/>f int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> is determined by<span class=\"_ _5\"/> ref<span class=\"_ _5\"/>erence <span class=\"_ _5\"/>to similar l<span class=\"_ _5\"/>ease agreements.The fair<span class=\"_ _5\"/> va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> trade and o<span class=\"_ _b\"/>ther receivabl<span class=\"_ _5\"/>es is estimat<span class=\"_ _5\"/>ed as the presen<span class=\"_ _5\"/>t va<span class=\"_ _5\"/>lue of<span class=\"_ _5\"/> future cash <span class=\"_ _5\"/>flows,<span class=\"_ _b\"/> discount<span class=\"_ _5\"/>ed at<span class=\"_ _5\"/> the marke<span class=\"_ _5\"/>t ra<span class=\"_ _5\"/>te o<span class=\"_ _5\"/>f int<span class=\"_ _5\"/>erest<span class=\"_ _5\"/> at r<span class=\"_ _5\"/>epor<span class=\"_ _6\"/>ting dat<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> Due t<span class=\"_ _5\"/>o the short-t<span class=\"_ _5\"/>erm character<span class=\"_ _5\"/> of <span class=\"_ _5\"/>the receiv<span class=\"_ _5\"/>ables,<span class=\"_ _b\"/> the fair va<span class=\"_ _5\"/>lue equals the carr<span class=\"_ _6\"/>ying value<span class=\"_ _5\"/>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__175": {
   "value": "Committed lease payments for short-term and/or low-value leases are reported as off-balance sheet commitment. The lease payments (excluding costs for services such as insurance and maintenance, which are expenses as incurred) are recognized as an expense on a straight-line basis unless another systemic basis is representative of the time pattern of the user\u2019s benefit, even if the payments are not on that basis. Non-financial guarantees are accounted for as a contingent liability until such time it becomes probable that the Company will be required to make a payment under such guarantee. Financial guarantees are subject to the Expected Credit Loss model, and a credit loss is recognized for the expected cash shortfalls. Contingent liabilities are potential obligations of sufficient uncertainty that it does not qualify for recognition as a provision (see note 29), unless it is assumed in a business combination (see note 6). Contingent liabilities are reviewed periodically to assess whether an outflow of resources will become probable.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__173": {
   "value": "Non-financial guarantees are accounted for as a contingent liability until such time it becomes probable that the Company will be required to make a payment under such guarantee. Financial guarantees are subject to the Expected Credit Loss model, and a credit loss is recognized for the expected cash shortfalls.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__87": {
   "value": "Summary of<span class=\"_ _5\"/> commitmentsIn \u20ac thousands<span class=\"_ _11a\"> </span><span class=\"ff1 fs7b fc1 ls3e ws1\">3<span class=\"_ _5\"/>1 December 2022<span class=\"_ _4e\"> </span><span class=\"ff2 fc6\">3<span class=\"_ _5\"/>1 December 202<span class=\"_ _5\"/>1</span></span>Short-term l<span class=\"_ _5\"/>eases<span class=\"_ _1ed\"> </span><span class=\"lsf8 wse9\"> 1,<span class=\"_ _6\"/>151<span class=\"_ _7\"/> <span class=\"_ _233\"> </span><span class=\"lsf1 ws166\"> 636 </span></span>Low<span class=\"_ _5\"/>-v<span class=\"_ _5\"/>alue leases<span class=\"_ _195\"> </span><span class=\"ls3 ws137\"> 34<span class=\"_ _6\"/>0 <span class=\"_ _1bf\"> </span><span class=\"ls10e ws111\"> 113<span class=\"_ _7\"/> </span></span>T<span class=\"_ _b\"/>otal committ<span class=\"_ _5\"/>ed off-balanc<span class=\"_ _5\"/>e leases<span class=\"_ _21d\"> </span><span class=\"ls101 wsac\"> 1,4<span class=\"_ _6\"/>91<span class=\"_ _6\"/> <span class=\"_ _2c4\"> </span><span class=\"ls16c ws133\"> 74<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>In \u20ac thousands<span class=\"_ _11a\"> </span><span class=\"ff1 fs7b fc1 ls3e ws1\">3<span class=\"_ _5\"/>1 December 2022<span class=\"_ _4e\"> </span><span class=\"ff2 fc6\">3<span class=\"_ _5\"/>1 December 202<span class=\"_ _5\"/>1</span></span>Bank guaran<span class=\"_ _5\"/>tees<span class=\"_ _284\"> </span><span class=\"lsf8 wse9\"> 151<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>6<span class=\"_ _6\"/>3<span class=\"_ _7\"/> <span class=\"_ _7d\"> </span> 141<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>6<span class=\"_ _6\"/>3<span class=\"_ _6\"/> </span>Corpora<span class=\"_ _5\"/>te guaran<span class=\"_ _5\"/>tees<span class=\"_ _1a5\"> </span> 1<span class=\"_ _5\"/>77<span class=\"_ _b\"/>,58<span class=\"_ _6\"/>0 <span class=\"_ _133\"> </span><span class=\"lsef ws11c\"> 16<span class=\"_ _6\"/>3<span class=\"_ _6\"/>,0<span class=\"_ _7\"/>0<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span>Eliminations<span class=\"_ _1b3\"> </span><span class=\"ws1\"> (1<span class=\"_ _b\"/>14,102<span class=\"_ _5\"/>)<span class=\"_ _159\"> </span> (92,71<span class=\"_ _b\"/>5<span class=\"_ _6\"/>)</span>Guarant<span class=\"_ _5\"/>ees<span class=\"_ _2da\"> </span><span class=\"lscd ws108\"> 215<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>41<span class=\"_ _7\"/> <span class=\"_ _7d\"> </span><span class=\"lsfd ws114\"> 2<span class=\"_ _6\"/>11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>5<span class=\"_ _7\"/>3<span class=\"_ _6\"/> </span></span>Leases<span class=\"_ _209\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>91<span class=\"_ _6\"/> <span class=\"_ _2c4\"> </span><span class=\"lsf7 ws17f\"> 74<span class=\"_ _6\"/>9<span class=\"_ _7\"/> </span></span>Other commitmen<span class=\"_ _5\"/>ts<span class=\"_ _1a2\"> </span><span class=\"ls110 ws15c\">9<span class=\"_ _6\"/>53 <span class=\"_ _188\"> </span><span class=\"ls2 ws14a\"> 8,35<span class=\"_ _6\"/>0 </span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1ca\"> </span><span class=\"ls147 ws172\"> 2<span class=\"_ _6\"/>17,<span class=\"_ _7\"/>4<span class=\"_ _7\"/>8<span class=\"_ _6\"/>5<span class=\"_ _7\"/> <span class=\"_ _133\"> </span><span class=\"ls3 ws137\"> 220,65<span class=\"_ _5\"/>2 </span></span>LeasesThe Group<span class=\"_ _5\"/>\u2019s lease arr<span class=\"_ _5\"/>angements mainl<span class=\"_ _5\"/>y rela<span class=\"_ _5\"/>te t<span class=\"_ _b\"/>o contracts f<span class=\"_ _5\"/>or leased cars,<span class=\"_ _0\"/> building and other (IT) equipment.<span class=\"_ _b\"/> These leases ha<span class=\"_ _5\"/>ve varying t<span class=\"_ _5\"/>erms,<span class=\"_ _b\"/> termina<span class=\"_ _5\"/>tion clauses and renewa<span class=\"_ _5\"/>l rights.<span class=\"_ _b\"/> For l<span class=\"_ _5\"/>eased assets the Gr<span class=\"_ _5\"/>oup has recogniz<span class=\"_ _5\"/>ed right-of<span class=\"_ _5\"/>-use assets and lease liabilities as a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> exc<span class=\"_ _5\"/>ept <span class=\"_ _5\"/>for short-<span class=\"_ _5\"/>term and/<span class=\"_ _b\"/>or low<span class=\"_ _5\"/>-val<span class=\"_ _5\"/>ue leases.<span class=\"_ _b\"/> The lease expense r<span class=\"_ _5\"/>ecognized in pro<span class=\"_ _5\"/>fit or loss o<span class=\"_ _5\"/>f 20<span class=\"_ _5\"/>22 relating <span class=\"_ _5\"/>to short-t<span class=\"_ _b\"/>erm and/or<span class=\"_ _5\"/> low<span class=\"_ _5\"/>-v<span class=\"_ _5\"/>alue leases amount<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o \u20ac1.5 mil<span class=\"_ _5\"/>lion (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac0.7 million).See not<span class=\"_ _5\"/>e 1<span class=\"_ _5\"/>6 for<span class=\"_ _5\"/> further inf<span class=\"_ _5\"/>ormation on leases.<span class=\"_ _b\"/>  Guarant<span class=\"_ _5\"/>ees Arcadis has issued c<span class=\"_ _5\"/>orporat<span class=\"_ _5\"/>e guarant<span class=\"_ _5\"/>ees as security f<span class=\"_ _b\"/>or credit f<span class=\"_ _5\"/>acilities,<span class=\"_ _b\"/> bank guarant<span class=\"_ _5\"/>ee fa<span class=\"_ _5\"/>cilities and surety bond lines.<span class=\"_ _b\"/> Guarantees or<span class=\"_ _5\"/> guarant<span class=\"_ _5\"/>ee-like items issued b<span class=\"_ _5\"/>y a financial in<span class=\"_ _5\"/>termediary (such as bank guaran<span class=\"_ _5\"/>tees and surety<span class=\"_ _5\"/> bonds) can be issued in relation <span class=\"_ _5\"/>to projects,<span class=\"_ _b\"/> advanc<span class=\"_ _5\"/>es received,<span class=\"_ _0\"/> tender bonds or<span class=\"_ _5\"/> lease commitments <span class=\"_ _5\"/>to a<span class=\"_ _5\"/>void cash deposits.<span class=\"_ _b\"/> Bank guarant<span class=\"_ _5\"/>ees or sure<span class=\"_ _5\"/>ty bonds issued f<span class=\"_ _5\"/>or project performanc<span class=\"_ _5\"/>e can be claimed by clien<span class=\"_ _5\"/>ts where <span class=\"_ _5\"/>Arcadis f<span class=\"_ _5\"/>ails to deliv<span class=\"_ _5\"/>er in line with <span class=\"_ _5\"/>the agreed con<span class=\"_ _5\"/>tract.<span class=\"_ _b\"/> In such cases,<span class=\"_ _5\"/> the liability o<span class=\"_ _b\"/>f the bank should be no gr<span class=\"_ _5\"/>eat<span class=\"_ _5\"/>er than <span class=\"_ _5\"/>the original liability on <span class=\"_ _5\"/>Arcadis.<span class=\"_ _b\"/> Where <span class=\"_ _5\"/>the failur<span class=\"_ _5\"/>e to perform ar<span class=\"_ _5\"/>ose due to an error or<span class=\"_ _5\"/> omission by <span class=\"_ _5\"/>Arcadis,<span class=\"_ _b\"/> the claim coul<span class=\"_ _5\"/>d be cover<span class=\"_ _5\"/>ed by the pr<span class=\"_ _5\"/>of<span class=\"_ _5\"/>essional indemnity insuranc<span class=\"_ _5\"/>e cover<span class=\"_ _3\"/>. The tables bel<span class=\"_ _5\"/>ow summarize <span class=\"_ _5\"/>the outstanding corpor<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e and bank guarant<span class=\"_ _5\"/>ees.<span class=\"_ _b\"/> They r<span class=\"_ _5\"/>eflect onl<span class=\"_ _5\"/>y items <span class=\"_ _5\"/>that hav<span class=\"_ _5\"/>e been drawn or<span class=\"_ _5\"/> utilized tha<span class=\"_ _5\"/>t are no<span class=\"_ _5\"/>t alr<span class=\"_ _5\"/>eady shown on <span class=\"_ _5\"/>the balance sheet.<span class=\"_ _b\"/> Corpora<span class=\"_ _5\"/>teBank  1In \u20ac millionsguarant<span class=\"_ _5\"/>eesguarant<span class=\"_ _5\"/>ees<span class=\"_ _cb\"> </span>EliminationsTo<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>lDebt<span class=\"_ _5\"/> facility financing<span class=\"_ _11\"> </span><span class=\"wsac\">3.6<span class=\"_ _193\"> </span><span class=\"ls3 ws1\">-<span class=\"_ _193\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _161\"> </span></span></span>3.6</span>Bank guarant<span class=\"_ _5\"/>ee financing<span class=\"_ _92\"> </span>13<span class=\"_ _6\"/>5<span class=\"_ _7\"/>.8<span class=\"_ _13e\"> </span><span class=\"lsf8 ws114\">151<span class=\"_ _6\"/>.<span class=\"_ _6\"/>6<span class=\"_ _71\"> </span></span><span class=\"ws1\"> (75.9)<span class=\"_ _37\"> </span><span class=\"ls10e ws104\">2<span class=\"_ _6\"/>11<span class=\"_ _6\"/>.<span class=\"_ _6\"/>5</span></span>Other<span class=\"_ _2db\"> </span>38.2<span class=\"_ _66\"> </span>-<span class=\"_ _71\"> </span><span class=\"ls9d\"> (38<span class=\"_ _6\"/>.2)<span class=\"_ _56\"> </span></span>0.0Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _1d1\"> </span>17<span class=\"_ _7\"/>7.<span class=\"_ _6\"/>6<span class=\"_ _13e\"> </span><span class=\"ls102 ws11e\">151.<span class=\"_ _6\"/>6<span class=\"_ _d6\"> </span></span> (11<span class=\"_ _5\"/>4.1)<span class=\"_ _194\"> </span><span class=\"ls102 ws11e\">215<span class=\"_ _6\"/>.<span class=\"_ _6\"/>1</span>1 T<span class=\"_ _b\"/>o avoid double-counting and the oversta<span class=\"_ _5\"/>tement<span class=\"_ _5\"/> of contingen<span class=\"_ _5\"/>t obligations,<span class=\"_ _b\"/> only one instance o<span class=\"_ _5\"/>f any o<span class=\"_ _5\"/>ff-balance sheet it<span class=\"_ _5\"/>em is reported,<span class=\"_ _5\"/> e.g.<span class=\"_ _b\"/> if Arcadis NV has provided a corpor<span class=\"_ _5\"/>ate guarant<span class=\"_ _5\"/>ee for<span class=\"_ _5\"/> a local bank guarant<span class=\"_ _5\"/>ee facility<span class=\"_ _b\"/>, any<span class=\"_ _5\"/> claim for pa<span class=\"_ _5\"/>yment by<span class=\"_ _5\"/> a client on an outstanding bank guaran<span class=\"_ _5\"/>tee can only<span class=\"_ _5\"/> be honored once.<span class=\"_ _b\"/> Corpora<span class=\"_ _5\"/>teBank 1In \u20ac millionsguarant<span class=\"_ _5\"/>eesguarant<span class=\"_ _5\"/>ees<span class=\"_ _20c\"> </span>EliminationsTo<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>lDebt<span class=\"_ _5\"/> facility financing<span class=\"_ _f5\"> </span><span class=\"lsed ws109\">7.<span class=\"_ _6\"/>6<span class=\"_ _193\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _109\"> </span></span>7.<span class=\"_ _6\"/>6</span>Bank guarant<span class=\"_ _5\"/>ee financing<span class=\"_ _92\"> </span>14<span class=\"_ _6\"/>3<span class=\"_ _6\"/>.<span class=\"_ _6\"/>4<span class=\"_ _a0\"> </span><span class=\"lsf8 ws114\">1<span class=\"_ _6\"/>41.<span class=\"_ _6\"/>3<span class=\"_ _18a\"> </span></span><span class=\"ws1\"> (80.7)<span class=\"_ _194\"> </span><span class=\"wsac\">204<span class=\"_ _6\"/>.0</span></span>Other<span class=\"_ _28b\"> </span>12.1<span class=\"_ _8b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _13e\"> </span></span><span class=\"ws1\"> (12.0)<span class=\"_ _56\"> </span></span>0.1Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2021 <span class=\"_ _26a\"> </span>163<span class=\"_ _6\"/>.1<span class=\"_ _71\"> </span><span class=\"ls118 ws135\">141<span class=\"_ _6\"/>.<span class=\"_ _6\"/>3<span class=\"_ _29\"> </span></span> (92.7)<span class=\"_ _37\"> </span><span class=\"lsfd ws119\">2<span class=\"_ _6\"/>11<span class=\"_ _6\"/>.<span class=\"_ _6\"/>7</span>1 T<span class=\"_ _b\"/>o avoid double-counting and the oversta<span class=\"_ _5\"/>tement<span class=\"_ _5\"/> of contingen<span class=\"_ _5\"/>t obligations,<span class=\"_ _b\"/> only one instance o<span class=\"_ _5\"/>f any o<span class=\"_ _5\"/>ff-balance sheet it<span class=\"_ _5\"/>em is reported,<span class=\"_ _5\"/> e.g.<span class=\"_ _b\"/> if Arcadis NV has provided a corpor<span class=\"_ _5\"/>ate guarant<span class=\"_ _5\"/>ee for<span class=\"_ _5\"/> a local bank guarant<span class=\"_ _5\"/>ee facility<span class=\"_ _b\"/>, any<span class=\"_ _5\"/> claim for pa<span class=\"_ _5\"/>yment by<span class=\"_ _5\"/> a client on an outstanding bank guaran<span class=\"_ _5\"/>tee can only<span class=\"_ _5\"/> be honored once.<span class=\"_ _b\"/> The vas<span class=\"_ _5\"/>t majority o<span class=\"_ _5\"/>f outstanding bank guar<span class=\"_ _5\"/>antees and sur<span class=\"_ _5\"/>ety bonds r<span class=\"_ _5\"/>elates <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the commercial performanc<span class=\"_ _5\"/>e on projects (e.<span class=\"_ _5\"/>g.<span class=\"_ _5\"/> Performance guar<span class=\"_ _5\"/>antees,<span class=\"_ _0\"/> T<span class=\"_ _b\"/>ender bonds,<span class=\"_ _b\"/> W<span class=\"_ _b\"/>arranty bonds or<span class=\"_ _5\"/> Advance pa<span class=\"_ _b\"/>yment guarant<span class=\"_ _5\"/>ees) and renta<span class=\"_ _5\"/>l guarant<span class=\"_ _5\"/>ees.<span class=\"_ _5\"/> On 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 and throughout<span class=\"_ _5\"/> the year<span class=\"_ _3\"/>,<span class=\"_ _5\"/> the vas<span class=\"_ _5\"/>t majority o<span class=\"_ _5\"/>f the outs<span class=\"_ _5\"/>tanding bank guarant<span class=\"_ _5\"/>ees and surety<span class=\"_ _5\"/> bonds posed an immat<span class=\"_ _5\"/>erial and insignificant risk<span class=\"_ _5\"/> to <span class=\"_ _5\"/>Arcadis.On 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> only<span class=\"_ _5\"/> a par<span class=\"_ _6\"/>t o<span class=\"_ _5\"/>f the loca<span class=\"_ _5\"/>l bank guarant<span class=\"_ _b\"/>ee facilities and loca<span class=\"_ _5\"/>l debt <span class=\"_ _5\"/>facilities ha<span class=\"_ _5\"/>ve been used.Other commitmen<span class=\"_ _5\"/>tsThe other<span class=\"_ _5\"/> commitments amount<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o \u20ac1.0 million (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac8<span class=\"_ _6\"/>.4 million) and include <span class=\"_ _5\"/>the ser<span class=\"_ _6\"/>vice part of<span class=\"_ _5\"/> a long-term gl<span class=\"_ _5\"/>obal IT service contr<span class=\"_ _5\"/>act,<span class=\"_ _b\"/> which runs for<span class=\"_ _5\"/> a remaining period of<span class=\"_ _5\"/> one t<span class=\"_ _5\"/>o two <span class=\"_ _5\"/>years.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__86": {
   "value": "Summary of<span class=\"_ _5\"/> commitmentsIn \u20ac thousands<span class=\"_ _11a\"> </span><span class=\"ff1 fs7b fc1 ls3e ws1\">3<span class=\"_ _5\"/>1 December 2022<span class=\"_ _4e\"> </span><span class=\"ff2 fc6\">3<span class=\"_ _5\"/>1 December 202<span class=\"_ _5\"/>1</span></span>Short-term l<span class=\"_ _5\"/>eases<span class=\"_ _1ed\"> </span><span class=\"lsf8 wse9\"> 1,<span class=\"_ _6\"/>151<span class=\"_ _7\"/> <span class=\"_ _233\"> </span><span class=\"lsf1 ws166\"> 636 </span></span>Low<span class=\"_ _5\"/>-v<span class=\"_ _5\"/>alue leases<span class=\"_ _195\"> </span><span class=\"ls3 ws137\"> 34<span class=\"_ _6\"/>0 <span class=\"_ _1bf\"> </span><span class=\"ls10e ws111\"> 113<span class=\"_ _7\"/> </span></span>T<span class=\"_ _b\"/>otal committ<span class=\"_ _5\"/>ed off-balanc<span class=\"_ _5\"/>e leases<span class=\"_ _21d\"> </span><span class=\"ls101 wsac\"> 1,4<span class=\"_ _6\"/>91<span class=\"_ _6\"/> <span class=\"_ _2c4\"> </span><span class=\"ls16c ws133\"> 74<span class=\"_ _6\"/>9<span class=\"_ _6\"/> </span></span>In \u20ac thousands<span class=\"_ _11a\"> </span><span class=\"ff1 fs7b fc1 ls3e ws1\">3<span class=\"_ _5\"/>1 December 2022<span class=\"_ _4e\"> </span><span class=\"ff2 fc6\">3<span class=\"_ _5\"/>1 December 202<span class=\"_ _5\"/>1</span></span>Bank guaran<span class=\"_ _5\"/>tees<span class=\"_ _284\"> </span><span class=\"lsf8 wse9\"> 151<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>6<span class=\"_ _6\"/>3<span class=\"_ _7\"/> <span class=\"_ _7d\"> </span> 141<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>6<span class=\"_ _6\"/>3<span class=\"_ _6\"/> </span>Corpora<span class=\"_ _5\"/>te guaran<span class=\"_ _5\"/>tees<span class=\"_ _1a5\"> </span> 1<span class=\"_ _5\"/>77<span class=\"_ _b\"/>,58<span class=\"_ _6\"/>0 <span class=\"_ _133\"> </span><span class=\"lsef ws11c\"> 16<span class=\"_ _6\"/>3<span class=\"_ _6\"/>,0<span class=\"_ _7\"/>0<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span>Eliminations<span class=\"_ _1b3\"> </span><span class=\"ws1\"> (1<span class=\"_ _b\"/>14,102<span class=\"_ _5\"/>)<span class=\"_ _159\"> </span> (92,71<span class=\"_ _b\"/>5<span class=\"_ _6\"/>)</span>Guarant<span class=\"_ _5\"/>ees<span class=\"_ _2da\"> </span><span class=\"lscd ws108\"> 215<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>41<span class=\"_ _7\"/> <span class=\"_ _7d\"> </span><span class=\"lsfd ws114\"> 2<span class=\"_ _6\"/>11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>5<span class=\"_ _7\"/>3<span class=\"_ _6\"/> </span></span>Leases<span class=\"_ _209\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>91<span class=\"_ _6\"/> <span class=\"_ _2c4\"> </span><span class=\"lsf7 ws17f\"> 74<span class=\"_ _6\"/>9<span class=\"_ _7\"/> </span></span>Other commitmen<span class=\"_ _5\"/>ts<span class=\"_ _1a2\"> </span><span class=\"ls110 ws15c\">9<span class=\"_ _6\"/>53 <span class=\"_ _188\"> </span><span class=\"ls2 ws14a\"> 8,35<span class=\"_ _6\"/>0 </span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1ca\"> </span><span class=\"ls147 ws172\"> 2<span class=\"_ _6\"/>17,<span class=\"_ _7\"/>4<span class=\"_ _7\"/>8<span class=\"_ _6\"/>5<span class=\"_ _7\"/> <span class=\"_ _133\"> </span><span class=\"ls3 ws137\"> 220,65<span class=\"_ _5\"/>2 </span></span>LeasesThe Group<span class=\"_ _5\"/>\u2019s lease arr<span class=\"_ _5\"/>angements mainl<span class=\"_ _5\"/>y rela<span class=\"_ _5\"/>te t<span class=\"_ _b\"/>o contracts f<span class=\"_ _5\"/>or leased cars,<span class=\"_ _0\"/> building and other (IT) equipment.<span class=\"_ _b\"/> These leases ha<span class=\"_ _5\"/>ve varying t<span class=\"_ _5\"/>erms,<span class=\"_ _b\"/> termina<span class=\"_ _5\"/>tion clauses and renewa<span class=\"_ _5\"/>l rights.<span class=\"_ _b\"/> For l<span class=\"_ _5\"/>eased assets the Gr<span class=\"_ _5\"/>oup has recogniz<span class=\"_ _5\"/>ed right-of<span class=\"_ _5\"/>-use assets and lease liabilities as a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> exc<span class=\"_ _5\"/>ept <span class=\"_ _5\"/>for short-<span class=\"_ _5\"/>term and/<span class=\"_ _b\"/>or low<span class=\"_ _5\"/>-val<span class=\"_ _5\"/>ue leases.<span class=\"_ _b\"/> The lease expense r<span class=\"_ _5\"/>ecognized in pro<span class=\"_ _5\"/>fit or loss o<span class=\"_ _5\"/>f 20<span class=\"_ _5\"/>22 relating <span class=\"_ _5\"/>to short-t<span class=\"_ _b\"/>erm and/or<span class=\"_ _5\"/> low<span class=\"_ _5\"/>-v<span class=\"_ _5\"/>alue leases amount<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o \u20ac1.5 mil<span class=\"_ _5\"/>lion (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac0.7 million).See not<span class=\"_ _5\"/>e 1<span class=\"_ _5\"/>6 for<span class=\"_ _5\"/> further inf<span class=\"_ _5\"/>ormation on leases.<span class=\"_ _b\"/>  Guarant<span class=\"_ _5\"/>ees Arcadis has issued c<span class=\"_ _5\"/>orporat<span class=\"_ _5\"/>e guarant<span class=\"_ _5\"/>ees as security f<span class=\"_ _b\"/>or credit f<span class=\"_ _5\"/>acilities,<span class=\"_ _b\"/> bank guarant<span class=\"_ _5\"/>ee fa<span class=\"_ _5\"/>cilities and surety bond lines.<span class=\"_ _b\"/> Guarantees or<span class=\"_ _5\"/> guarant<span class=\"_ _5\"/>ee-like items issued b<span class=\"_ _5\"/>y a financial in<span class=\"_ _5\"/>termediary (such as bank guaran<span class=\"_ _5\"/>tees and surety<span class=\"_ _5\"/> bonds) can be issued in relation <span class=\"_ _5\"/>to projects,<span class=\"_ _b\"/> advanc<span class=\"_ _5\"/>es received,<span class=\"_ _0\"/> tender bonds or<span class=\"_ _5\"/> lease commitments <span class=\"_ _5\"/>to a<span class=\"_ _5\"/>void cash deposits.<span class=\"_ _b\"/> Bank guarant<span class=\"_ _5\"/>ees or sure<span class=\"_ _5\"/>ty bonds issued f<span class=\"_ _5\"/>or project performanc<span class=\"_ _5\"/>e can be claimed by clien<span class=\"_ _5\"/>ts where <span class=\"_ _5\"/>Arcadis f<span class=\"_ _5\"/>ails to deliv<span class=\"_ _5\"/>er in line with <span class=\"_ _5\"/>the agreed con<span class=\"_ _5\"/>tract.<span class=\"_ _b\"/> In such cases,<span class=\"_ _5\"/> the liability o<span class=\"_ _b\"/>f the bank should be no gr<span class=\"_ _5\"/>eat<span class=\"_ _5\"/>er than <span class=\"_ _5\"/>the original liability on <span class=\"_ _5\"/>Arcadis.<span class=\"_ _b\"/> Where <span class=\"_ _5\"/>the failur<span class=\"_ _5\"/>e to perform ar<span class=\"_ _5\"/>ose due to an error or<span class=\"_ _5\"/> omission by <span class=\"_ _5\"/>Arcadis,<span class=\"_ _b\"/> the claim coul<span class=\"_ _5\"/>d be cover<span class=\"_ _5\"/>ed by the pr<span class=\"_ _5\"/>of<span class=\"_ _5\"/>essional indemnity insuranc<span class=\"_ _5\"/>e cover<span class=\"_ _3\"/>. The tables bel<span class=\"_ _5\"/>ow summarize <span class=\"_ _5\"/>the outstanding corpor<span class=\"_ _5\"/>at<span class=\"_ _5\"/>e and bank guarant<span class=\"_ _5\"/>ees.<span class=\"_ _b\"/> They r<span class=\"_ _5\"/>eflect onl<span class=\"_ _5\"/>y items <span class=\"_ _5\"/>that hav<span class=\"_ _5\"/>e been drawn or<span class=\"_ _5\"/> utilized tha<span class=\"_ _5\"/>t are no<span class=\"_ _5\"/>t alr<span class=\"_ _5\"/>eady shown on <span class=\"_ _5\"/>the balance sheet.<span class=\"_ _b\"/> Corpora<span class=\"_ _5\"/>teBank  1In \u20ac millionsguarant<span class=\"_ _5\"/>eesguarant<span class=\"_ _5\"/>ees<span class=\"_ _cb\"> </span>EliminationsTo<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>lDebt<span class=\"_ _5\"/> facility financing<span class=\"_ _11\"> </span><span class=\"wsac\">3.6<span class=\"_ _193\"> </span><span class=\"ls3 ws1\">-<span class=\"_ _193\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _161\"> </span></span></span>3.6</span>Bank guarant<span class=\"_ _5\"/>ee financing<span class=\"_ _92\"> </span>13<span class=\"_ _6\"/>5<span class=\"_ _7\"/>.8<span class=\"_ _13e\"> </span><span class=\"lsf8 ws114\">151<span class=\"_ _6\"/>.<span class=\"_ _6\"/>6<span class=\"_ _71\"> </span></span><span class=\"ws1\"> (75.9)<span class=\"_ _37\"> </span><span class=\"ls10e ws104\">2<span class=\"_ _6\"/>11<span class=\"_ _6\"/>.<span class=\"_ _6\"/>5</span></span>Other<span class=\"_ _2db\"> </span>38.2<span class=\"_ _66\"> </span>-<span class=\"_ _71\"> </span><span class=\"ls9d\"> (38<span class=\"_ _6\"/>.2)<span class=\"_ _56\"> </span></span>0.0Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _1d1\"> </span>17<span class=\"_ _7\"/>7.<span class=\"_ _6\"/>6<span class=\"_ _13e\"> </span><span class=\"ls102 ws11e\">151.<span class=\"_ _6\"/>6<span class=\"_ _d6\"> </span></span> (11<span class=\"_ _5\"/>4.1)<span class=\"_ _194\"> </span><span class=\"ls102 ws11e\">215<span class=\"_ _6\"/>.<span class=\"_ _6\"/>1</span>1 T<span class=\"_ _b\"/>o avoid double-counting and the oversta<span class=\"_ _5\"/>tement<span class=\"_ _5\"/> of contingen<span class=\"_ _5\"/>t obligations,<span class=\"_ _b\"/> only one instance o<span class=\"_ _5\"/>f any o<span class=\"_ _5\"/>ff-balance sheet it<span class=\"_ _5\"/>em is reported,<span class=\"_ _5\"/> e.g.<span class=\"_ _b\"/> if Arcadis NV has provided a corpor<span class=\"_ _5\"/>ate guarant<span class=\"_ _5\"/>ee for<span class=\"_ _5\"/> a local bank guarant<span class=\"_ _5\"/>ee facility<span class=\"_ _b\"/>, any<span class=\"_ _5\"/> claim for pa<span class=\"_ _5\"/>yment by<span class=\"_ _5\"/> a client on an outstanding bank guaran<span class=\"_ _5\"/>tee can only<span class=\"_ _5\"/> be honored once.<span class=\"_ _b\"/> Corpora<span class=\"_ _5\"/>teBank 1In \u20ac millionsguarant<span class=\"_ _5\"/>eesguarant<span class=\"_ _5\"/>ees<span class=\"_ _20c\"> </span>EliminationsTo<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>lDebt<span class=\"_ _5\"/> facility financing<span class=\"_ _f5\"> </span><span class=\"lsed ws109\">7.<span class=\"_ _6\"/>6<span class=\"_ _193\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _66\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _109\"> </span></span>7.<span class=\"_ _6\"/>6</span>Bank guarant<span class=\"_ _5\"/>ee financing<span class=\"_ _92\"> </span>14<span class=\"_ _6\"/>3<span class=\"_ _6\"/>.<span class=\"_ _6\"/>4<span class=\"_ _a0\"> </span><span class=\"lsf8 ws114\">1<span class=\"_ _6\"/>41.<span class=\"_ _6\"/>3<span class=\"_ _18a\"> </span></span><span class=\"ws1\"> (80.7)<span class=\"_ _194\"> </span><span class=\"wsac\">204<span class=\"_ _6\"/>.0</span></span>Other<span class=\"_ _28b\"> </span>12.1<span class=\"_ _8b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _13e\"> </span></span><span class=\"ws1\"> (12.0)<span class=\"_ _56\"> </span></span>0.1Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2021 <span class=\"_ _26a\"> </span>163<span class=\"_ _6\"/>.1<span class=\"_ _71\"> </span><span class=\"ls118 ws135\">141<span class=\"_ _6\"/>.<span class=\"_ _6\"/>3<span class=\"_ _29\"> </span></span> (92.7)<span class=\"_ _37\"> </span><span class=\"lsfd ws119\">2<span class=\"_ _6\"/>11<span class=\"_ _6\"/>.<span class=\"_ _6\"/>7</span>1 T<span class=\"_ _b\"/>o avoid double-counting and the oversta<span class=\"_ _5\"/>tement<span class=\"_ _5\"/> of contingen<span class=\"_ _5\"/>t obligations,<span class=\"_ _b\"/> only one instance o<span class=\"_ _5\"/>f any o<span class=\"_ _5\"/>ff-balance sheet it<span class=\"_ _5\"/>em is reported,<span class=\"_ _5\"/> e.g.<span class=\"_ _b\"/> if Arcadis NV has provided a corpor<span class=\"_ _5\"/>ate guarant<span class=\"_ _5\"/>ee for<span class=\"_ _5\"/> a local bank guarant<span class=\"_ _5\"/>ee facility<span class=\"_ _b\"/>, any<span class=\"_ _5\"/> claim for pa<span class=\"_ _5\"/>yment by<span class=\"_ _5\"/> a client on an outstanding bank guaran<span class=\"_ _5\"/>tee can only<span class=\"_ _5\"/> be honored once.<span class=\"_ _b\"/> The vas<span class=\"_ _5\"/>t majority o<span class=\"_ _5\"/>f outstanding bank guar<span class=\"_ _5\"/>antees and sur<span class=\"_ _5\"/>ety bonds r<span class=\"_ _5\"/>elates <span class=\"_ _5\"/>to <span class=\"_ _5\"/>the commercial performanc<span class=\"_ _5\"/>e on projects (e.<span class=\"_ _5\"/>g.<span class=\"_ _5\"/> Performance guar<span class=\"_ _5\"/>antees,<span class=\"_ _0\"/> T<span class=\"_ _b\"/>ender bonds,<span class=\"_ _b\"/> W<span class=\"_ _b\"/>arranty bonds or<span class=\"_ _5\"/> Advance pa<span class=\"_ _b\"/>yment guarant<span class=\"_ _5\"/>ees) and renta<span class=\"_ _5\"/>l guarant<span class=\"_ _5\"/>ees.<span class=\"_ _5\"/> On 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 and throughout<span class=\"_ _5\"/> the year<span class=\"_ _3\"/>,<span class=\"_ _5\"/> the vas<span class=\"_ _5\"/>t majority o<span class=\"_ _5\"/>f the outs<span class=\"_ _5\"/>tanding bank guarant<span class=\"_ _5\"/>ees and surety<span class=\"_ _5\"/> bonds posed an immat<span class=\"_ _5\"/>erial and insignificant risk<span class=\"_ _5\"/> to <span class=\"_ _5\"/>Arcadis.On 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> only<span class=\"_ _5\"/> a par<span class=\"_ _6\"/>t o<span class=\"_ _5\"/>f the loca<span class=\"_ _5\"/>l bank guarant<span class=\"_ _b\"/>ee facilities and loca<span class=\"_ _5\"/>l debt <span class=\"_ _5\"/>facilities ha<span class=\"_ _5\"/>ve been used.Other commitmen<span class=\"_ _5\"/>tsThe other<span class=\"_ _5\"/> commitments amount<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o \u20ac1.0 million (2<span class=\"_ _5\"/>02<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac8<span class=\"_ _6\"/>.4 million) and include <span class=\"_ _5\"/>the ser<span class=\"_ _6\"/>vice part of<span class=\"_ _5\"/> a long-term gl<span class=\"_ _5\"/>obal IT service contr<span class=\"_ _5\"/>act,<span class=\"_ _b\"/> which runs for<span class=\"_ _5\"/> a remaining period of<span class=\"_ _5\"/> one t<span class=\"_ _5\"/>o two <span class=\"_ _5\"/>years.Con<span class=\"_ _5\"/>tingent liabilitiesLitigationThe Company<span class=\"_ _5\"/> is invol<span class=\"_ _b\"/>ved in various lega<span class=\"_ _5\"/>l and regulat<span class=\"_ _5\"/>ory claims and proceedings as a resul<span class=\"_ _b\"/>t of<span class=\"_ _5\"/> its normal course o<span class=\"_ _5\"/>f business,<span class=\"_ _b\"/> either as plaintiff or<span class=\"_ _5\"/> defendant.<span class=\"_ _0\"/> Management ensur<span class=\"_ _5\"/>es that<span class=\"_ _5\"/> these cases are <span class=\"_ _5\"/>firmly def<span class=\"_ _5\"/>ended.<span class=\"_ _5\"/> In some of<span class=\"_ _5\"/> these proc<span class=\"_ _5\"/>eedings,<span class=\"_ _5\"/> claimants al<span class=\"_ _5\"/>legedl<span class=\"_ _5\"/>y claim amounts f<span class=\"_ _b\"/>or project contr<span class=\"_ _5\"/>act breaches that<span class=\"_ _5\"/> are significant <span class=\"_ _5\"/>to the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed financial sta<span class=\"_ _5\"/>tements.All lega<span class=\"_ _5\"/>l and regulat<span class=\"_ _5\"/>ory claims and proceedings are assessed on a r<span class=\"_ _5\"/>egular basis.<span class=\"_ _b\"/> In consul<span class=\"_ _5\"/>tation with in-house and ext<span class=\"_ _5\"/>ernal legal c<span class=\"_ _5\"/>ounsels,<span class=\"_ _5\"/> management<span class=\"_ _5\"/> regularl<span class=\"_ _5\"/>y eva<span class=\"_ _5\"/>luat<span class=\"_ _b\"/>es facts and circumstanc<span class=\"_ _5\"/>es of <span class=\"_ _5\"/>those claims and,<span class=\"_ _5\"/> based on the anal<span class=\"_ _b\"/>ysis of<span class=\"_ _5\"/> possible outc<span class=\"_ _5\"/>omes of litiga<span class=\"_ _5\"/>tion and settlemen<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> provisions ar<span class=\"_ _5\"/>e accrued f<span class=\"_ _5\"/>or<span class=\"_ _0\"/>.<span class=\"_ _5\"/> Provisions ar<span class=\"_ _5\"/>e accrued f<span class=\"_ _5\"/>or onl<span class=\"_ _b\"/>y where managemen<span class=\"_ _5\"/>t believes it<span class=\"_ _5\"/> is probable <span class=\"_ _5\"/>that <span class=\"_ _5\"/>Arcadis <span class=\"_ _5\"/>will be held liable<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the amount is r<span class=\"_ _5\"/>easonably<span class=\"_ _5\"/> estimable<span class=\"_ _5\"/>,<span class=\"_ _5\"/> and the claim has no<span class=\"_ _5\"/>t been insured.<span class=\"_ _b\"/> These pro<span class=\"_ _5\"/>visions are revie<span class=\"_ _5\"/>wed periodicall<span class=\"_ _b\"/>y and adjust<span class=\"_ _5\"/>ed if necessary<span class=\"_ _b\"/>,<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o the ext<span class=\"_ _5\"/>ent tha<span class=\"_ _b\"/>t cash outflow o<span class=\"_ _5\"/>f rela<span class=\"_ _5\"/>ted proc<span class=\"_ _5\"/>eedings is probable<span class=\"_ _5\"/>,<span class=\"_ _5\"/> including def<span class=\"_ _5\"/>ense costs and r<span class=\"_ _5\"/>eimbursements by our<span class=\"_ _5\"/> insurance policies.Since the ul<span class=\"_ _b\"/>timate disposition o<span class=\"_ _b\"/>f asser<span class=\"_ _6\"/>ted claims and pr<span class=\"_ _5\"/>oceedings cannot<span class=\"_ _5\"/> be predicted with c<span class=\"_ _5\"/>er<span class=\"_ _6\"/>tainty<span class=\"_ _b\"/>,<span class=\"_ _b\"/> final settlemen<span class=\"_ _5\"/>t can differ <span class=\"_ _5\"/>from this es<span class=\"_ _5\"/>timat<span class=\"_ _5\"/>e and could requir<span class=\"_ _5\"/>e revisions t<span class=\"_ _5\"/>o the estima<span class=\"_ _b\"/>ted provision,<span class=\"_ _b\"/> which coul<span class=\"_ _5\"/>d hav<span class=\"_ _5\"/>e a mat<span class=\"_ _5\"/>erial adverse e<span class=\"_ _5\"/>ffect on the C<span class=\"_ _5\"/>ompany\u2019s balance shee<span class=\"_ _5\"/>t,<span class=\"_ _5\"/> pro<span class=\"_ _5\"/>fit or loss,<span class=\"_ _b\"/> and cash flow<span class=\"_ _5\"/>s for<span class=\"_ _5\"/> a particular period.Ta<span class=\"_ _7\"/>xArcadis oper<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es in a high number of<span class=\"_ _5\"/> jurisdictions and is subject to a <span class=\"_ _5\"/>variety<span class=\"_ _5\"/> of <span class=\"_ _5\"/>taxes per jurisdiction.<span class=\"_ _b\"/> T<span class=\"_ _b\"/>ax legisla<span class=\"_ _5\"/>tion can be highly<span class=\"_ _5\"/> complex<span class=\"_ _5\"/> and subject t<span class=\"_ _5\"/>o changes and interpr<span class=\"_ _5\"/>etation.<span class=\"_ _0\"/> Theref<span class=\"_ _5\"/>ore,<span class=\"_ _b\"/> Arca<span class=\"_ _5\"/>dis is exposed t<span class=\"_ _5\"/>o varying degrees of<span class=\"_ _5\"/> uncertainty and significant judgemen<span class=\"_ _5\"/>t is required in de<span class=\"_ _5\"/>termining the gl<span class=\"_ _5\"/>obal tax position.<span class=\"_ _b\"/> The Company<span class=\"_ _5\"/> accoun<span class=\"_ _5\"/>ts f<span class=\"_ _5\"/>or its income tax<span class=\"_ _5\"/>es on the basis o<span class=\"_ _5\"/>f its own int<span class=\"_ _5\"/>ernal anal<span class=\"_ _b\"/>yses suppor<span class=\"_ _6\"/>ted b<span class=\"_ _5\"/>y ext<span class=\"_ _5\"/>ernal advice<span class=\"_ _5\"/>.<span class=\"_ _b\"/> The Company<span class=\"_ _5\"/> continuall<span class=\"_ _b\"/>y monitors its gl<span class=\"_ _5\"/>obal tax position incl<span class=\"_ _5\"/>uding changes in tax law<span class=\"_ _5\"/>s or int<span class=\"_ _5\"/>erpreta<span class=\"_ _5\"/>tions of such la<span class=\"_ _5\"/>ws.<span class=\"_ _b\"/> Whenev<span class=\"_ _5\"/>er uncertain tax positions arise,<span class=\"_ _0\"/> the Company<span class=\"_ _5\"/> assesses the pot<span class=\"_ _5\"/>ential consequences and r<span class=\"_ _5\"/>ecognizes liabilities depending on the s<span class=\"_ _5\"/>trength of<span class=\"_ _5\"/> the Compan<span class=\"_ _5\"/>y\u2019s position and the resul<span class=\"_ _5\"/>ting risk o<span class=\"_ _5\"/>f loss.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__88": {
   "value": "Con<span class=\"_ _5\"/>tingent liabilitiesLitigationThe Company<span class=\"_ _5\"/> is invol<span class=\"_ _b\"/>ved in various lega<span class=\"_ _5\"/>l and regulat<span class=\"_ _5\"/>ory claims and proceedings as a resul<span class=\"_ _b\"/>t of<span class=\"_ _5\"/> its normal course o<span class=\"_ _5\"/>f business,<span class=\"_ _b\"/> either as plaintiff or<span class=\"_ _5\"/> defendant.<span class=\"_ _0\"/> Management ensur<span class=\"_ _5\"/>es that<span class=\"_ _5\"/> these cases are <span class=\"_ _5\"/>firmly def<span class=\"_ _5\"/>ended.<span class=\"_ _5\"/> In some of<span class=\"_ _5\"/> these proc<span class=\"_ _5\"/>eedings,<span class=\"_ _5\"/> claimants al<span class=\"_ _5\"/>legedl<span class=\"_ _5\"/>y claim amounts f<span class=\"_ _b\"/>or project contr<span class=\"_ _5\"/>act breaches that<span class=\"_ _5\"/> are significant <span class=\"_ _5\"/>to the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed financial sta<span class=\"_ _5\"/>tements.All lega<span class=\"_ _5\"/>l and regulat<span class=\"_ _5\"/>ory claims and proceedings are assessed on a r<span class=\"_ _5\"/>egular basis.<span class=\"_ _b\"/> In consul<span class=\"_ _5\"/>tation with in-house and ext<span class=\"_ _5\"/>ernal legal c<span class=\"_ _5\"/>ounsels,<span class=\"_ _5\"/> management<span class=\"_ _5\"/> regularl<span class=\"_ _5\"/>y eva<span class=\"_ _5\"/>luat<span class=\"_ _b\"/>es facts and circumstanc<span class=\"_ _5\"/>es of <span class=\"_ _5\"/>those claims and,<span class=\"_ _5\"/> based on the anal<span class=\"_ _b\"/>ysis of<span class=\"_ _5\"/> possible outc<span class=\"_ _5\"/>omes of litiga<span class=\"_ _5\"/>tion and settlemen<span class=\"_ _5\"/>ts,<span class=\"_ _5\"/> provisions ar<span class=\"_ _5\"/>e accrued f<span class=\"_ _5\"/>or<span class=\"_ _0\"/>.<span class=\"_ _5\"/> Provisions ar<span class=\"_ _5\"/>e accrued f<span class=\"_ _5\"/>or onl<span class=\"_ _b\"/>y where managemen<span class=\"_ _5\"/>t believes it<span class=\"_ _5\"/> is probable <span class=\"_ _5\"/>that <span class=\"_ _5\"/>Arcadis <span class=\"_ _5\"/>will be held liable<span class=\"_ _5\"/>,<span class=\"_ _5\"/> the amount is r<span class=\"_ _5\"/>easonably<span class=\"_ _5\"/> estimable<span class=\"_ _5\"/>,<span class=\"_ _5\"/> and the claim has no<span class=\"_ _5\"/>t been insured.<span class=\"_ _b\"/> These pro<span class=\"_ _5\"/>visions are revie<span class=\"_ _5\"/>wed periodicall<span class=\"_ _b\"/>y and adjust<span class=\"_ _5\"/>ed if necessary<span class=\"_ _b\"/>,<span class=\"_ _5\"/> t<span class=\"_ _5\"/>o the ext<span class=\"_ _5\"/>ent tha<span class=\"_ _b\"/>t cash outflow o<span class=\"_ _5\"/>f rela<span class=\"_ _5\"/>ted proc<span class=\"_ _5\"/>eedings is probable<span class=\"_ _5\"/>,<span class=\"_ _5\"/> including def<span class=\"_ _5\"/>ense costs and r<span class=\"_ _5\"/>eimbursements by our<span class=\"_ _5\"/> insurance policies.Since the ul<span class=\"_ _b\"/>timate disposition o<span class=\"_ _b\"/>f asser<span class=\"_ _6\"/>ted claims and pr<span class=\"_ _5\"/>oceedings cannot<span class=\"_ _5\"/> be predicted with c<span class=\"_ _5\"/>er<span class=\"_ _6\"/>tainty<span class=\"_ _b\"/>,<span class=\"_ _b\"/> final settlemen<span class=\"_ _5\"/>t can differ <span class=\"_ _5\"/>from this es<span class=\"_ _5\"/>timat<span class=\"_ _5\"/>e and could requir<span class=\"_ _5\"/>e revisions t<span class=\"_ _5\"/>o the estima<span class=\"_ _b\"/>ted provision,<span class=\"_ _b\"/> which coul<span class=\"_ _5\"/>d hav<span class=\"_ _5\"/>e a mat<span class=\"_ _5\"/>erial adverse e<span class=\"_ _5\"/>ffect on the C<span class=\"_ _5\"/>ompany\u2019s balance shee<span class=\"_ _5\"/>t,<span class=\"_ _5\"/> pro<span class=\"_ _5\"/>fit or loss,<span class=\"_ _b\"/> and cash flow<span class=\"_ _5\"/>s for<span class=\"_ _5\"/> a particular period.Ta<span class=\"_ _7\"/>xArcadis oper<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es in a high number of<span class=\"_ _5\"/> jurisdictions and is subject to a <span class=\"_ _5\"/>variety<span class=\"_ _5\"/> of <span class=\"_ _5\"/>taxes per jurisdiction.<span class=\"_ _b\"/> T<span class=\"_ _b\"/>ax legisla<span class=\"_ _5\"/>tion can be highly<span class=\"_ _5\"/> complex<span class=\"_ _5\"/> and subject t<span class=\"_ _5\"/>o changes and interpr<span class=\"_ _5\"/>etation.<span class=\"_ _0\"/> Theref<span class=\"_ _5\"/>ore,<span class=\"_ _b\"/> Arca<span class=\"_ _5\"/>dis is exposed t<span class=\"_ _5\"/>o varying degrees of<span class=\"_ _5\"/> uncertainty and significant judgemen<span class=\"_ _5\"/>t is required in de<span class=\"_ _5\"/>termining the gl<span class=\"_ _5\"/>obal tax position.<span class=\"_ _b\"/> The Company<span class=\"_ _5\"/> accoun<span class=\"_ _5\"/>ts f<span class=\"_ _5\"/>or its income tax<span class=\"_ _5\"/>es on the basis o<span class=\"_ _5\"/>f its own int<span class=\"_ _5\"/>ernal anal<span class=\"_ _b\"/>yses suppor<span class=\"_ _6\"/>ted b<span class=\"_ _5\"/>y ext<span class=\"_ _5\"/>ernal advice<span class=\"_ _5\"/>.<span class=\"_ _b\"/> The Company<span class=\"_ _5\"/> continuall<span class=\"_ _b\"/>y monitors its gl<span class=\"_ _5\"/>obal tax position incl<span class=\"_ _5\"/>uding changes in tax law<span class=\"_ _5\"/>s or int<span class=\"_ _5\"/>erpreta<span class=\"_ _5\"/>tions of such la<span class=\"_ _5\"/>ws.<span class=\"_ _b\"/> Whenev<span class=\"_ _5\"/>er uncertain tax positions arise,<span class=\"_ _0\"/> the Company<span class=\"_ _5\"/> assesses the pot<span class=\"_ _5\"/>ential consequences and r<span class=\"_ _5\"/>ecognizes liabilities depending on the s<span class=\"_ _5\"/>trength of<span class=\"_ _5\"/> the Compan<span class=\"_ _5\"/>y\u2019s position and the resul<span class=\"_ _5\"/>ting risk o<span class=\"_ _5\"/>f loss.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__177": {
   "value": "A related party is a person or an entity that is related to the Group. These include both people and entities that have, or are subject to, the influence or control of the Group (e.g. key management personnel). Transactions with related parties are accounted for in accordance with the requirements of relevant IFRSs and take into account the substance as well as the legal form.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__91": {
   "value": "GeneralThe related parties of the Company comprise subsidiaries, jointly controlled entities, associates, temporary partnerships, Stichting Lovinklaan, Stichting Bellevue, Stichting Prioriteit Arcadis NV, Stichting Preferente Aandelen Arcadis NV, the members of the Executive Board, the Executive Leadership Team and the Supervisory Board.In accordance with article 2:379 and 414 of the Dutch Civil Code, the list of subsidiaries, joint ventures, and associates is filed with the Chamber of Commerce in Amsterdam.Transactions with subsidiariesThe financial transactions between the Company and its subsidiaries comprise operational project related transactions, financing transactions and other transactions in the normal course of business activities. Transactions within the Group are not included in these disclosures as these are eliminated in the Consolidated financial statements.Transactions with joint arrangementsThe Group has entered into transactions on an arm\u2019s length basis through joint arrangements during the year 2022. Total revenues from joint arrangements amounted to \u20ac245 million (2021: \u20ac221.2 million).Transactions with associatesThe Group has entered into transactions with associates, see note 17 and the table on the next page.Transactions with key management personnelThe table below specifies the total remuneration of key management personnel, for the period that they met the criteria, and for remuneration received in the capacity of key management personnel. This includes the remuneration of the Executive Board members of \u20ac4.4 million (2021: \u20ac3.4 million) and Supervisory Board members of \u20ac0.5 million (2021: \u20ac0.5 million). For the composition of the Executive Board, Executive Leadership Team and Supervisory Board in 2022 see pages 116 to 119. The remuneration in below table covers the period that members qualified as key management personnel. In \u20ac thousands 2022 202Salary 3,700  3,480 Bonus 2,451  2,464 Pension compensation 295  327 Pension 179  131 LTIP expense 4,120  2,182 Fringe benefits 433  366 Total 11,178 8,950In 2022 (and 2021) no transactions involving conflicts of interest for key management personnel occurred which were material to the Company. In addition, the Company has not granted any loans, advances or guarantees to key management personnel.Transactions with post-employment benefit plansThe main post-employment benefit plans are the pension funds of EC Harris (ECH) and Hyder (AGPS). In 2022 the Company contributed \u20ac1.5 million (2021: \u20ac1.8 million) to the plan of EC Harris, \u20ac3.6 million to the plan of Hyder (2021: \u20ac3.3 million), and nil to other defined benefit plans (2021: \u20ac0.2 million), see note 28. Transactions with Lovinklaan FoundationStichting Lovinklaan (Lovinklaan Foundation) is one of the main shareholders of Arcadis. The board of the Foundation consists of Arcadis employees. The Foundation had an interest of 18.2% in Arcadis NV at 31 December 2022 (2021: 18.0%).Other contributions made by the Lovinklaan Foundation in 2022 to Arcadis related to the following programs:\u2022  Shelter: \u20ac0.4 million (2021: \u20ac0.4 million) \u2022  Quest: \u20ac0.0 million (2021: \u20ac0.1 million) \u2022  Local Spark: \u20ac0.1 million (2021: \u20ac0.1 million) \u2022  Roots of Arcadis: \u20ac0.1 million (2021: \u20ac0.1 million) \u2022  Expedition DNA: \u20ac0.3 million (2021: \u20ac0.5 million) \u2022  Skills Powered Organisation: \u20ac0.3 million (2021: nil)In 2022 (and 2021) no other financial transactions apart from the above mentioned took place between the Foundation and the Company, except for the dividends on the shares. Transactions with other related partiesArcadis NV contributed \u20ac55,000 to Stichting Preferente Aandelen Arcadis NV (the \u2018Preferred Stock Foundation\u2019) in 2022 (2021: \u20ac57,000) and \u20ac1,500 to Stichting Prioriteit Arcadis NV (the \u2018Priority Share Foundation\u2019) (2021: \u20ac1,000). See note 26 for further information on these foundations.The contribution to Stichting Bellevue amounted to \u20ac68,000 (2021: \u20ac68,000). SummaryA summary of transactions with related parties (excluding Key Management Personnel) in the financial year is disclosed in the table below:Transactions Transactions with Transactions with joint  post-employee with associatesarrangementsbenefit plans OtherIn \u20ac millions 2022 2021 2022 2021 2022 2021 2022 2021Sales (to) 55.9  48.7  245.0  221.2    -      -    0.9  0.6 Purchase (from)   -      -    0.8  0.6    -      -      -      -   Loans (to)   -      -      -      -      -      -      -      -   Receivables (from) 2.8  2.0  5.4  11.9    -     0.2  0.2  0.1 Payables (to)   -      -    0.4   -      -      -      -      -   Impairment of loans (to)   -      -      -      -      -      -      -      -   Dividends received (from) 10.5  0.4    -      -      -      -      -      -   Provision for bad debts related to outstanding balances   -      -      -     0.3    -      -      -      -   Related expenses to these bad or doubtful debts   -      -      -      -      -      -      -      -   Provision for outstanding loan balances   -      -      -      -      -      -      -      -   Transfer of pension premiums and cost changes   -      -      -      -    0.3  1.1    -     0.2Contributions   -      -      -      -    5.1  5.3  0.4  1.2",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__90": {
   "value": "T<span class=\"_ _b\"/>ransactions with k<span class=\"_ _5\"/>ey mana<span class=\"_ _5\"/>gement personnelThe table bel<span class=\"_ _5\"/>ow specifies the <span class=\"_ _5\"/>to<span class=\"_ _5\"/>tal remunera<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> key<span class=\"_ _5\"/> management<span class=\"_ _5\"/> personnel,<span class=\"_ _5\"/> for<span class=\"_ _5\"/> the period tha<span class=\"_ _5\"/>t the<span class=\"_ _5\"/>y met the criteria,<span class=\"_ _b\"/> and for<span class=\"_ _5\"/> remunera<span class=\"_ _5\"/>tion received in <span class=\"_ _5\"/>the capacity o<span class=\"_ _5\"/>f k<span class=\"_ _5\"/>ey mana<span class=\"_ _5\"/>gement personnel.<span class=\"_ _b\"/> This includes the remunera<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> the Executiv<span class=\"_ _5\"/>e Board members of<span class=\"_ _5\"/> \u20ac4.4 million (202<span class=\"_ _b\"/>1: \u20ac3.4 mil<span class=\"_ _5\"/>lion) and Super<span class=\"_ _6\"/>visory Board members of<span class=\"_ _5\"/> \u20ac0.5 million (202<span class=\"_ _b\"/>1: \u20ac0.5 million).<span class=\"_ _b\"/> F<span class=\"_ _5\"/>or the com<span class=\"ws1\">position of<span class=\"_ _5\"/> the Executiv<span class=\"_ _5\"/>e Board,<span class=\"_ _b\"/> Executive L<span class=\"_ _5\"/>eadership T<span class=\"_ _0\"/>eam and Super<span class=\"_ _6\"/>visor<span class=\"_ _6\"/>y Board in 20<span class=\"_ _5\"/>22 see </span>pages 1<span class=\"_ _0\"/>16 t<span class=\"_ _5\"/>o 1<span class=\"_ _b\"/>19<span class=\"_ _5\"/>.<span class=\"_ _b\"/> The remunera<span class=\"_ _5\"/>tion in below <span class=\"_ _5\"/>table cov<span class=\"_ _5\"/>ers the period tha<span class=\"_ _5\"/>t members qualified as k<span class=\"_ _5\"/>ey management<span class=\"_ _5\"/> personnel. In \u20ac thousands<span class=\"_ _17e\"> </span><span class=\"ff1 fs7b fc1 ls10d ws12b\">2022<span class=\"_ _109\"> </span></span>2<span class=\"_ _6\"/>02Salary<span class=\"_ _270\"> </span><span class=\"lsf2 ws10e\">3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>70<span class=\"_ _6\"/>0<span class=\"_ _205\"> </span></span><span class=\"ws1\"> 3,4<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0 </span>Bonus<span class=\"_ _28f\"> </span><span class=\"lsf8 ws114\">2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>51<span class=\"_ _111\"> </span><span class=\"lsf6 ws10f\"> 2,4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>4 </span></span>Pension compensa<span class=\"_ _5\"/>tion<span class=\"_ _1b3\"> </span><span class=\"lsf1 ws10d\">295<span class=\"_ _53\"> </span><span class=\"lsf2 ws148\"> 327<span class=\"_ _6\"/> </span></span>Pension<span class=\"_ _2d3\"> </span><span class=\"lsf5 ws111\">179<span class=\"_ _1b7\"> </span><span class=\"lsee ws11e\"> 131<span class=\"_ _7\"/> </span></span>L<span class=\"_ _0\"/>TIP expense<span class=\"_ _1ca\"> </span><span class=\"lsf9 ws115\">4,<span class=\"_ _6\"/>12<span class=\"_ _6\"/>0<span class=\"_ _19c\"> </span><span class=\"lsfc ws11b\"> 2,<span class=\"_ _6\"/>182<span class=\"_ _6\"/> </span></span>Fringe benefits<span class=\"_ _1ea\"> </span><span class=\"ls3e ws3a\">433<span class=\"_ _52\"> </span><span class=\"ls138 ws131\"> 366 </span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _2d3\"> </span><span class=\"lsfd ws119\">11,<span class=\"_ _6\"/>1<span class=\"_ _6\"/>7<span class=\"_ _6\"/>8<span class=\"_ _3a\"> </span><span class=\"lsf3 ws10f\">8,950</span></span>In 2022 (and 2<span class=\"_ _5\"/>021<span class=\"_ _b\"/>) no transa<span class=\"_ _5\"/>ctions invol<span class=\"_ _5\"/>ving conflicts of in<span class=\"_ _5\"/>teres<span class=\"_ _5\"/>t f<span class=\"_ _5\"/>or k<span class=\"_ _5\"/>ey managemen<span class=\"_ _5\"/>t personnel occurred which wer<span class=\"_ _5\"/>e mat<span class=\"_ _5\"/>erial t<span class=\"_ _5\"/>o the Compan<span class=\"_ _5\"/>y<span class=\"_ _b\"/>.<span class=\"_ _5\"/> In addition,<span class=\"_ _b\"/> the Company<span class=\"_ _5\"/> has not gr<span class=\"_ _5\"/>anted an<span class=\"_ _5\"/>y loans,<span class=\"_ _b\"/> advanc<span class=\"_ _5\"/>es or guarant<span class=\"_ _5\"/>ees t<span class=\"_ _5\"/>o key<span class=\"_ _5\"/> management<span class=\"_ _5\"/> personnel<span class=\"_ _6\"/>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__92": {
   "value": "There are no material subsequent events, that would have changed the judgement and analysis by management of the financial condition of the Company at 31 December 2022, or the result for 2022.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__6__93": {
   "value": "C<span class=\"_ _b\"/>ompany<span class=\"_ _b\"/> balanc<span class=\"_ _b\"/>e sheet as at<span class=\"_ _5\"/> 31 December<span class=\"_ _5\"/> <span class=\"_ _b\"/>- be<span class=\"_ _5\"/>fore a<span class=\"_ _5\"/>lloca<span class=\"_ _5\"/>tion of pr<span class=\"_ _5\"/>ofitIn \u20ac thousands<span class=\"_ _211\"> </span>Note<span class=\"_ _56\"> </span><span class=\"fc1 ls7a ws82\">2022<span class=\"_ _205\"> </span><span class=\"fc6 lsc2 wsd7\">20<span class=\"_ _6\"/>21 </span></span>AssetsNon-current assetsIntangible assets<span class=\"_ _116\"> </span> 40 <span class=\"_ _18a\"> </span><span class=\"lsef ws10b\">1,0<span class=\"_ _6\"/>35<span class=\"_ _71\"> </span><span class=\"ws11c\"> 1,55<span class=\"_ _7\"/>4 </span></span>Property<span class=\"_ _5\"/>,<span class=\"_ _5\"/> plant &amp; equipment<span class=\"_ _1c2\"> </span> 41<span class=\"_ _6\"/> <span class=\"_ _170\"> </span><span class=\"ls3 ws137\"> 54<span class=\"_ _6\"/>8 <span class=\"_ _170\"> </span><span class=\"ls119 ws17c\"> 6<span class=\"_ _6\"/>03 </span></span>Right-of<span class=\"_ _5\"/>-use assets<span class=\"_ _221\"> </span> 42<span class=\"_ _6\"/> <span class=\"_ _d5\"> </span><span class=\"ls110 ws15f\"> 2<span class=\"_ _6\"/>,023<span class=\"_ _6\"/> <span class=\"_ _194\"> </span><span class=\"lsf6 ws10f\"> 2,6<span class=\"_ _6\"/>4<span class=\"_ _6\"/>6 </span></span>Investmen<span class=\"_ _5\"/>t in subsidiaries<span class=\"_ _2dc\"> </span><span class=\"ls110 ws15f\"> 43 <span class=\"_ _b6\"> </span></span><span class=\"wsac\">2,128,836 <span class=\"_ _63\"> </span><span class=\"ls3 ws137\"> 1<span class=\"_ _b\"/>,534,3<span class=\"_ _5\"/>30 </span></span>Loans issued t<span class=\"_ _5\"/>o subsidiaries and other in<span class=\"_ _5\"/>vestments<span class=\"_ _1ac\"> </span> 4<span class=\"_ _6\"/>4 <span class=\"_ _a9\"> </span><span class=\"ls179 ws1b3\"> 460<span class=\"_ _5\"/>,444<span class=\"_ _5\"/> <span class=\"_ _e3\"> </span><span class=\"ls102 ws11a\"> 18<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>19<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal Non-current asse<span class=\"_ _5\"/>ts<span class=\"_ _22c\"> </span> 2,<span class=\"_ _6\"/>592<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>8<span class=\"_ _6\"/>6 <span class=\"_ _d7\"> </span> 1,724,952 Current<span class=\"_ _5\"/> assets<span class=\"_ _2dd\"> </span><span class=\"fc5 ls3\"> <span class=\"_ _156\"> </span><span class=\"fc6\"> </span></span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _227\"> </span><span class=\"lsf9 ws178\"> 14<span class=\"_ _7\"/>,3<span class=\"_ _6\"/>12<span class=\"_ _6\"/> <span class=\"_ _d5\"> </span></span><span class=\"ws1\"> 5,29<span class=\"_ _6\"/>6 </span>Receiv<span class=\"_ _5\"/>ables<span class=\"_ _1fb\"> </span> 45<span class=\"_ _6\"/> <span class=\"_ _c3\"> </span><span class=\"ls10f ws12c\">15<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>7<span class=\"_ _6\"/>9<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _e3\"> </span><span class=\"lsfc ws11b\"> 18<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,2<span class=\"_ _6\"/>24<span class=\"_ _6\"/> </span></span>Corpora<span class=\"_ _5\"/>te income <span class=\"_ _5\"/>tax receivable<span class=\"_ _2d9\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _a0\"> </span><span class=\"lsf6 ws10f\"> 2,9<span class=\"_ _6\"/>60<span class=\"_ _6\"/> </span></span>Cash and cash equivalen<span class=\"_ _5\"/>ts<span class=\"_ _1ce\"> </span><span class=\"lsf7 ws17f\"> 2<span class=\"_ _6\"/>0<span class=\"_ _6\"/>,<span class=\"_ _7\"/>74<span class=\"_ _6\"/>9<span class=\"_ _7\"/> <span class=\"_ _e4\"> </span></span> 84,0<span class=\"_ _6\"/>62<span class=\"_ _6\"/> T<span class=\"_ _b\"/>otal Current<span class=\"_ _5\"/> assets<span class=\"_ _1c7\"> </span><span class=\"lsec ws112\"> 191,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>56<span class=\"_ _6\"/> <span class=\"_ _e3\"> </span></span> 27<span class=\"_ _5\"/>4,542<span class=\"_ _6\"/> T<span class=\"_ _b\"/>otal Assets<span class=\"_ _2cf\"> </span><span class=\"wsac\">2,784,742<span class=\"_ _ac\"> </span><span class=\"ws1\"> 1,9<span class=\"_ _6\"/>99,4<span class=\"_ _6\"/>94 </span></span>In \u20ac thousands<span class=\"_ _11c\"> </span>Note<span class=\"_ _56\"> </span><span class=\"fc1 ls7a ws82\">2022<span class=\"_ _56\"> </span><span class=\"fc6 lsc2 wsd7\">2<span class=\"_ _6\"/>0<span class=\"_ _6\"/>21 </span></span>Equity and liabilitiesShareholders<span class=\"_ _5\"/>\u2019<span class=\"_ _5\"/> equityShare capital<span class=\"_ _17e\"> </span><span class=\"lsef ws11c\"> 1,8<span class=\"_ _7\"/>0<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _d5\"> </span> 1,8<span class=\"_ _6\"/>0<span class=\"_ _7\"/>9 </span>Share premium<span class=\"_ _1a8\"> </span><span class=\"lsf2 ws148\"> 372,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _a8\"> </span> 372<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>0<span class=\"_ _6\"/> </span>Hedging reserve<span class=\"_ _91\"> </span><span class=\"lsfe ws5b\"> 778 <span class=\"_ _c4\"> </span><span class=\"lsf1 ws166\"> 649<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>ranslation reserve<span class=\"_ _16f\"> </span> (46<span class=\"_ _6\"/>,036)<span class=\"_ _39\"> </span><span class=\"lsef ws11c\"> (51,616<span class=\"_ _6\"/>)</span>Other lega<span class=\"_ _5\"/>l reserves<span class=\"_ _1dc\"> </span><span class=\"ls6f ws13a\"> 9,59<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _d5\"> </span> 9,59<span class=\"_ _6\"/>0<span class=\"_ _6\"/> </span>Retained earnings<span class=\"_ _2de\"> </span><span class=\"ls48 ws167\"> 567<span class=\"_ _b\"/>,228 <span class=\"_ _e3\"> </span><span class=\"lsfb ws134\"> 5<span class=\"_ _6\"/>2<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>014<span class=\"_ _7\"/> </span></span>Undistributed pr<span class=\"_ _5\"/>ofits<span class=\"_ _1c7\"> </span><span class=\"ls3 ws137\"> 13<span class=\"_ _5\"/>5,5<span class=\"_ _5\"/>30 <span class=\"_ _c3\"> </span><span class=\"lsed ws163\"> 1<span class=\"_ _6\"/>6<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>8<span class=\"_ _7\"/>2<span class=\"_ _7\"/> </span></span>T<span class=\"_ _b\"/>otal Shareholders' equity<span class=\"_ _235\"> </span><span class=\"ff2 ls168 ws1a0\">2<span class=\"_ _6\"/>6<span class=\"_ _7\"/>, 4<span class=\"_ _7\"/>6<span class=\"_ _aa\"> </span></span> 1,0<span class=\"_ _6\"/>41<span class=\"_ _5\"/>,359 <span class=\"_ _d0\"> </span> 1,022<span class=\"_ _6\"/>,788<span class=\"_ _6\"/> Provisions<span class=\"_ _283\"> </span><span class=\"lsef ws10b\">47<span class=\"_ _114\"> </span><span class=\"lsee ws11e\"> 13,<span class=\"_ _6\"/>8<span class=\"_ _7\"/>6<span class=\"_ _6\"/>8<span class=\"_ _7\"/> <span class=\"_ _d3\"> </span></span><span class=\"ws11c\"> 21,<span class=\"_ _6\"/>28<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span></span>Deferr<span class=\"_ _5\"/>ed tax liabilities<span class=\"_ _1cb\"> </span>48<span class=\"_ _48\"> </span><span class=\"lsec ws112\"> 3<span class=\"_ _6\"/>,10<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _d5\"> </span><span class=\"ls3e ws132\"> 2,9<span class=\"_ _6\"/>01<span class=\"_ _6\"/> </span></span>Non-current liabilities<span class=\"_ _1d7\"> </span><span class=\"ls3\"> <span class=\"_ _163\"> </span> </span>Long-t<span class=\"_ _5\"/>erm debt<span class=\"_ _73\"> </span><span class=\"lsf1 ws10d\">49<span class=\"_ _174\"> </span></span><span class=\"wsac\">1,1<span class=\"_ _b\"/>4<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>08<span class=\"_ _6\"/> <span class=\"_ _a8\"> </span><span class=\"lsf1 ws166\"> 339,298 </span></span>Lease liabilities<span class=\"_ _1cc\"> </span>42<span class=\"_ _29\"> </span><span class=\"ls10f ws129\"> 1,<span class=\"_ _6\"/>315<span class=\"_ _6\"/> <span class=\"_ _48\"> </span><span class=\"lsef ws11c\"> 1,9<span class=\"_ _6\"/>27<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal Non-current liabilities<span class=\"_ _196\"> </span>  1,149,323<span class=\"_ _da\"> </span><span class=\"lscd ws108\">    3<span class=\"_ _6\"/>41,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>2<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span>Current<span class=\"_ _5\"/> liabilities<span class=\"_ _227\"> </span><span class=\"ls3\"> <span class=\"_ _156\"> </span> </span>Current<span class=\"_ _5\"/> por<span class=\"_ _6\"/>tion of pr<span class=\"_ _5\"/>ovisions<span class=\"_ _2df\"> </span>47<span class=\"_ _48\"> </span><span class=\"ws11c\"> 1,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>0<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _8b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   </span></span>Derivativ<span class=\"_ _5\"/>es<span class=\"_ _255\"> </span><span class=\"lsfc ws11b\"> 18,<span class=\"_ _6\"/>87<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _194\"> </span></span><span class=\"ws1\"> 3,8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9 </span>Bank ov<span class=\"_ _5\"/>erdrafts<span class=\"_ _1db\"> </span><span class=\"lsfb ws134\"> 14<span class=\"_ _7\"/>6<span class=\"_ _6\"/> <span class=\"_ _8b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span></span>Short-term borr<span class=\"_ _5\"/>owings<span class=\"_ _1d0\"> </span>49<span class=\"_ _e3\"> </span>    1<span class=\"_ _b\"/>7<span class=\"_ _b\"/>,000<span class=\"_ _5\"/> <span class=\"_ _a5\"> </span> 64<span class=\"_ _5\"/>,000<span class=\"_ _5\"/> Current<span class=\"_ _5\"/> por<span class=\"_ _6\"/>tion of l<span class=\"_ _5\"/>ease liabilities<span class=\"_ _1f7\"> </span>42<span class=\"_ _4f\"> </span><span class=\"lsf0 ws15c\"> 721<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span><span class=\"lsf7 ws17f\"> 74<span class=\"_ _7\"/>3<span class=\"_ _6\"/> </span></span>Corpora<span class=\"_ _5\"/>te income <span class=\"_ _5\"/>tax payable<span class=\"_ _115\"> </span><span class=\"ls143 ws1af\"> 1,<span class=\"_ _5\"/>666 <span class=\"_ _8b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   </span></span>Current<span class=\"_ _5\"/> liabilities<span class=\"_ _187\"> </span>50<span class=\"_ _e4\"> </span><span class=\"lsed ws109\">5<span class=\"_ _7\"/>3<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>0<span class=\"_ _7\"/>7<span class=\"_ _6\"/>6<span class=\"_ _7\"/> <span class=\"_ _a8\"> </span><span class=\"lsf7 ws17f\"> 5<span class=\"_ _7\"/>4<span class=\"_ _6\"/>2<span class=\"_ _7\"/>,<span class=\"_ _6\"/>74<span class=\"_ _7\"/>4<span class=\"_ _7\"/> </span></span>T<span class=\"_ _b\"/>otal Current<span class=\"_ _5\"/> liabilities<span class=\"_ _17d\"> </span><span class=\"ls147 ws172\"> 5<span class=\"_ _7\"/>7<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>0<span class=\"_ _7\"/>8<span class=\"_ _6\"/>7<span class=\"_ _4d\"> </span><span class=\"lsfd ws114\"> 6<span class=\"_ _6\"/>11<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _7\"/>9<span class=\"_ _7\"/>6<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal Equity<span class=\"_ _5\"/> and liabilities<span class=\"_ _1d9\"> </span> 2,784,742 <span class=\"_ _d0\"> </span> 1<span class=\"_ _5\"/>,9<span class=\"_ _6\"/>99,4<span class=\"_ _6\"/>94<span class=\"_ _6\"/> The notes on pa<span class=\"_ _5\"/>ges 24<span class=\"_ _5\"/>1 to 25<span class=\"_ _5\"/>1 are an integra<span class=\"_ _5\"/>l par<span class=\"_ _6\"/>t of<span class=\"_ _5\"/> these Company <span class=\"_ _5\"/>financial statements <span class=\"_ _f3\"> </span> <span class=\"_ _13e\"> </span> C<span class=\"_ _b\"/>ompany<span class=\"_ _b\"/> income s<span class=\"_ _b\"/>ta<span class=\"_ _5\"/>t<span class=\"_ _b\"/>emen<span class=\"_ _5\"/>t for<span class=\"_ _5\"/> the year<span class=\"_ _5\"/> ended 31 Dec<span class=\"_ _5\"/>emberIn \u20ac thousands<span class=\"_ _105\"> </span>Note<span class=\"_ _52\"> </span><span class=\"fc1 ls7a ws82\">2<span class=\"_ _6\"/>022<span class=\"_ _133\"> </span><span class=\"fc6 lsc2 wsd7\">2<span class=\"_ _6\"/>021<span class=\"_ _6\"/> </span></span>Corpora<span class=\"_ _5\"/>te charges <span class=\"_ _5\"/>to subsidiaries<span class=\"_ _2e0\"> </span>37<span class=\"_ _49\"> </span><span class=\"lsf8 wse9\"> 20<span class=\"_ _7\"/>0<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>41<span class=\"_ _7\"/> <span class=\"_ _db\"> </span><span class=\"lsef ws11c\"> 1<span class=\"_ _6\"/>01,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal Corpor<span class=\"_ _5\"/>ate Inc<span class=\"_ _5\"/>ome<span class=\"_ _2e1\"> </span><span class=\"fc6 ls3 ws137\"> 200,941 <span class=\"_ _252\"> </span><span class=\"ls101 wsac\"> 101,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span></span>Personnel cos<span class=\"_ _5\"/>ts<span class=\"_ _1cd\"> </span><span class=\"ls6f ws77\">55<span class=\"_ _252\"> </span></span> (1<span class=\"_ _5\"/>16,452)<span class=\"_ _194\"> </span> (67<span class=\"_ _5\"/>,030)Other opera<span class=\"_ _5\"/>tional costs<span class=\"_ _2ad\"> </span><span class=\"lsf3 ws10f\">38<span class=\"_ _54\"> </span></span> (57<span class=\"_ _b\"/>,6<span class=\"_ _6\"/>49)<span class=\"_ _49\"> </span> (33,363)Depreciation and amortization<span class=\"_ _bb\"> </span><span class=\"ls168 ws1a0\">4<span class=\"_ _7\"/>0<span class=\"_ _6\"/>, 4<span class=\"_ _6\"/>1<span class=\"_ _6\"/>, 4<span class=\"_ _6\"/>2<span class=\"_ _57\"> </span></span> (2,30<span class=\"_ _6\"/>5)<span class=\"_ _13e\"> </span> (3,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9)T<span class=\"_ _b\"/>otal Opera<span class=\"_ _5\"/>tional costs<span class=\"_ _119\"> </span> (17<span class=\"_ _5\"/>6<span class=\"_ _6\"/>,40<span class=\"_ _6\"/>6)<span class=\"_ _a5\"> </span> (103,40<span class=\"_ _6\"/>2)Operating inc<span class=\"_ _5\"/>ome/ (expense)<span class=\"_ _2e2\"> </span><span class=\"lsff ws168\"> 24<span class=\"_ _6\"/>,535<span class=\"_ _6\"/> <span class=\"_ _38\"> </span></span> (1,596)Finance income<span class=\"_ _1da\"> </span> 8,638 <span class=\"_ _8d\"> </span><span class=\"ls12d ws116\"> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>76<span class=\"_ _6\"/> </span>Finance expenses<span class=\"_ _1d4\"> </span> (13,435)<span class=\"_ _49\"> </span> (10,223)Fair<span class=\"_ _5\"/> val<span class=\"_ _5\"/>ue change of deriva<span class=\"_ _5\"/>tives<span class=\"_ _208\"> </span> (3,1<span class=\"_ _5\"/>55)<span class=\"_ _109\"> </span><span class=\"ls101 wsac\"> 897 </span>Net finance expense<span class=\"_ _2e3\"> </span><span class=\"ff2 lsf1 ws10d\">39<span class=\"_ _c4\"> </span></span><span class=\"ws1\"> (7<span class=\"_ _5\"/>,952)<span class=\"_ _a0\"> </span> (2,6<span class=\"_ _6\"/>50)</span>Profit/ (loss) bef<span class=\"_ _5\"/>ore income tax<span class=\"_ _183\"> </span><span class=\"lsec ws112\"> 16,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>83<span class=\"_ _6\"/> <span class=\"_ _38\"> </span></span> (4,24<span class=\"_ _6\"/>6)Income taxes<span class=\"_ _1dd\"> </span><span class=\"ws1\"> (6,5<span class=\"_ _5\"/>19)<span class=\"_ _c4\"> </span><span class=\"lsf2 ws148\"> 5,<span class=\"_ _6\"/>757<span class=\"_ _6\"/> </span></span>Net inc<span class=\"_ _5\"/>ome subsidiaries<span class=\"_ _11c\"> </span> 1<span class=\"_ _b\"/>25<span class=\"_ _6\"/>,46<span class=\"_ _6\"/>6 <span class=\"_ _de\"> </span><span class=\"lsd2 ws12b\"> 16<span class=\"_ _6\"/>6<span class=\"_ _6\"/>,3<span class=\"_ _6\"/>71<span class=\"_ _6\"/> </span>Resul<span class=\"_ _5\"/>t for<span class=\"_ _5\"/> the period<span class=\"_ _2a4\"> </span><span class=\"ls118 ws10e\"> 13<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>53<span class=\"_ _7\"/>0 <span class=\"_ _de\"> </span><span class=\"ls147 ws172\"> 1<span class=\"_ _6\"/>6<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>8<span class=\"_ _7\"/>2<span class=\"_ _6\"/> </span></span>The notes on pa<span class=\"_ _5\"/>ges 24<span class=\"_ _5\"/>1 to 25<span class=\"_ _5\"/>1 are an integra<span class=\"_ _5\"/>l par<span class=\"_ _6\"/>t of<span class=\"_ _5\"/> these Company <span class=\"_ _5\"/>financial statements <span class=\"_ _f3\"> </span> <span class=\"_ _13e\"> </span> 36 Genera<span class=\"_ _5\"/>lUnless sta<span class=\"_ _5\"/>ted o<span class=\"_ _5\"/>therwise,<span class=\"_ _b\"/> all amounts are r<span class=\"_ _5\"/>ounded in thousands of<span class=\"_ _5\"/> euros.<span class=\"_ _b\"/> The Company<span class=\"_ _5\"/> financial sta<span class=\"_ _5\"/>tements ha<span class=\"_ _5\"/>ve been prepar<span class=\"_ _5\"/>ed using the option o<span class=\"_ _5\"/>f article 2:362 o<span class=\"_ _5\"/>f the Dut<span class=\"_ _b\"/>ch Civil Code,<span class=\"_ _b\"/> meaning that<span class=\"_ _5\"/> the acc<span class=\"_ _5\"/>ounting principles used are <span class=\"_ _5\"/>the same as for<span class=\"_ _5\"/> the Consolida<span class=\"_ _b\"/>ted financial sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> F<span class=\"_ _5\"/>oreign currency amounts ha<span class=\"_ _b\"/>ve been transla<span class=\"_ _5\"/>ted,<span class=\"_ _b\"/> assets and liabilities hav<span class=\"_ _5\"/>e been val<span class=\"_ _5\"/>ued,<span class=\"_ _b\"/> and net income has been det<span class=\"_ _5\"/>ermined,<span class=\"_ _5\"/> in acc<span class=\"_ _5\"/>ordance with <span class=\"_ _5\"/>the principles o<span class=\"_ _5\"/>f va<span class=\"_ _5\"/>luation and de<span class=\"_ _5\"/>termina<span class=\"_ _5\"/>tion of inc<span class=\"_ _5\"/>ome present<span class=\"_ _5\"/>ed in not<span class=\"_ _5\"/>e 2 of<span class=\"_ _5\"/> the Consolida<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>financial stat<span class=\"_ _5\"/>ements.In the C<span class=\"_ _5\"/>ompany financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements,<span class=\"_ _b\"/> subsidiaries of <span class=\"_ _5\"/>Arcadis NV ar<span class=\"_ _5\"/>e accoun<span class=\"_ _5\"/>ted <span class=\"_ _5\"/>for using <span class=\"_ _5\"/>the equity method.<span class=\"_ _b\"/> T<span class=\"_ _0\"/>o achieve op<span class=\"_ _5\"/>timal transpar<span class=\"_ _5\"/>ency between <span class=\"_ _5\"/>the Consolidat<span class=\"_ _5\"/>ed financial sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>ts and the Company<span class=\"_ _5\"/> financial sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>ts name conven<span class=\"_ _5\"/>tions are aligned.37 <span class=\"_ _2\"> </span>Corpora<span class=\"_ _b\"/>te charges <span class=\"_ _5\"/>to subsidiariesCorpora<span class=\"_ _b\"/>te charges t<span class=\"_ _5\"/>o subsidiaries include it<span class=\"_ _5\"/>ems such as headquarter support service f<span class=\"_ _5\"/>ees,<span class=\"_ _5\"/> roy<span class=\"_ _5\"/>al<span class=\"_ _5\"/>ty f<span class=\"_ _5\"/>ees,<span class=\"_ _b\"/> and license f<span class=\"_ _b\"/>ees.<span class=\"_ _5\"/> It includes <span class=\"_ _b\"/>\u2018true<span class=\"_ _6\"/>-ups\u2019<span class=\"_ _b\"/> f<span class=\"_ _5\"/>or the pre<span class=\"_ _5\"/>vious year<span class=\"_ _0\"/>,<span class=\"_ _b\"/> which hav<span class=\"_ _5\"/>e been calcula<span class=\"_ _5\"/>ted and settled in 2022 <span class=\"_ _5\"/>foll<span class=\"_ _5\"/>owing the <span class=\"_ _5\"/>final 202<span class=\"_ _5\"/>1 resul<span class=\"_ _5\"/>ts.<span class=\"_ _b\"/> The significant increase in <span class=\"_ _5\"/>the Corpora<span class=\"_ _5\"/>te charges ar<span class=\"_ _5\"/>e attributable <span class=\"_ _5\"/>to the change in opera<span class=\"_ _5\"/>tional model t<span class=\"_ _5\"/>o the GBAs.No<span class=\"_ _b\"/>t<span class=\"_ _b\"/>es t<span class=\"_ _b\"/>o the <span class=\"_ _7\"/>C<span class=\"_ _b\"/>ompany<span class=\"_ _b\"/> f<span class=\"_ _6\"/>inancial sta<span class=\"_ _0\"/>t<span class=\"_ _5\"/>emen<span class=\"_ _5\"/>ts38 <span class=\"_ _2\"> </span>Other opera<span class=\"_ _b\"/>tional costsIn \u20ac thousands<span class=\"_ _227\"> </span><span class=\"ff1 fc1 ls7a ws82\">20<span class=\"_ _6\"/>22<span class=\"_ _133\"> </span><span class=\"fc6 lsc2 wsd7\">2<span class=\"_ _6\"/>021<span class=\"_ _6\"/> </span></span>Occupancy<span class=\"_ _264\"> </span><span class=\"ls6f ws13a\"> 59<span class=\"_ _6\"/>5 <span class=\"_ _83\"> </span><span class=\"lsf1 ws166\"> 294 </span></span>T<span class=\"_ _5\"/>ravel<span class=\"_ _270\"> </span><span class=\"lsef ws11c\"> 1,6<span class=\"_ _6\"/>79<span class=\"_ _6\"/> <span class=\"_ _109\"> </span><span class=\"ls3 ws137\"> 408 </span></span>Office relat<span class=\"_ _5\"/>ed<span class=\"_ _254\"> </span><span class=\"lsec ws112\"> 2<span class=\"_ _6\"/>93<span class=\"_ _6\"/> <span class=\"_ _83\"> </span><span class=\"ls3e ws132\"> 267 </span></span>Comput<span class=\"_ _5\"/>er relat<span class=\"_ _5\"/>ed<span class=\"_ _18e\"> </span><span class=\"lsf8 ws114\">8<span class=\"_ _6\"/>,<span class=\"_ _6\"/>51<span class=\"_ _6\"/>6<span class=\"_ _19c\"> </span><span class=\"lsf5 ws117\"> 6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>17<span class=\"_ _6\"/>9<span class=\"_ _7\"/> </span></span>Audit and consul<span class=\"_ _b\"/>tanc<span class=\"_ _6\"/>y services<span class=\"_ _151\"> </span><span class=\"ls3 ws137\"> 30,890 <span class=\"_ _71\"> </span><span class=\"ls3e ws132\"> 22,<span class=\"_ _6\"/>026 </span></span>Insurances<span class=\"_ _2e4\"> </span><span class=\"lsef ws11c\"> 1,3<span class=\"_ _6\"/>8<span class=\"_ _7\"/>4 <span class=\"_ _83\"> </span><span class=\"lsf2 ws148\"> 775<span class=\"_ _6\"/> </span></span>Marketing and a<span class=\"_ _5\"/>dvertising<span class=\"_ _2ac\"> </span><span class=\"lsf7 ws113\">1<span class=\"_ _6\"/>,<span class=\"_ _6\"/>74<span class=\"_ _7\"> </span>4<span class=\"_ _7\"/> <span class=\"_ _8d\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>82<span class=\"_ _6\"/>1<span class=\"_ _6\"/> </span></span>Charitable donations<span class=\"_ _2e5\"> </span><span class=\"lsef ws10b\">1,0<span class=\"_ _6\"/>5<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _1bb\"> </span></span><span class=\"ls3\">-</span>Inter<span class=\"_ _5\"/>company char<span class=\"_ _5\"/>ges<span class=\"_ _21c\"> </span><span class=\"ls101 ws11d\">9,<span class=\"_ _6\"/>978<span class=\"_ _3b\"> </span><span class=\"ls110 ws15c\">3,022</span></span>Other<span class=\"_ _29c\"> </span><span class=\"lsef ws10b\">1,516<span class=\"_ _205\"> </span></span>(1,429)To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _2e6\"> </span><span class=\"ls147 ws163\">5<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>6<span class=\"_ _7\"/>4<span class=\"_ _6\"/>9<span class=\"_ _76\"> </span><span class=\"ls144 ws189\"> 33,3<span class=\"_ _6\"/>63 </span></span>The consul<span class=\"_ _5\"/>tancy charges increased during <span class=\"_ _5\"/>the year<span class=\"_ _5\"/> due to <span class=\"_ _5\"/>the acquisition o<span class=\"_ _5\"/>f IBI Group and DPS Gr<span class=\"_ _5\"/>oup.The int<span class=\"_ _5\"/>ercompany<span class=\"_ _5\"/> charges increased as a resul<span class=\"_ _b\"/>t of<span class=\"_ _5\"/> the introduction o<span class=\"_ _5\"/>f the ne<span class=\"_ _5\"/>w opera<span class=\"_ _5\"/>ting model that<span class=\"_ _5\"/> resul<span class=\"_ _5\"/>ted in higher<span class=\"_ _5\"/> recharges fr<span class=\"_ _5\"/>om operating c<span class=\"_ _5\"/>ompanies tha<span class=\"_ _5\"/>t employ<span class=\"_ _5\"/>ed GBA resourc<span class=\"_ _5\"/>es.39 <span class=\"_\"> </span>Ne<span class=\"_ _5\"/>t finance expenseThe net <span class=\"_ _5\"/>finance expense includes income and e<span class=\"_ _5\"/>xpenses relating <span class=\"_ _5\"/>to in<span class=\"_ _5\"/>tercompan<span class=\"_ _5\"/>y loans and l<span class=\"_ _5\"/>eases.<span class=\"_ _5\"/> F<span class=\"_ _5\"/>oreign ex<span class=\"_ _5\"/>change differences on <span class=\"_ _5\"/>financial liabilities and inter<span class=\"_ _5\"/>est on leases ar<span class=\"_ _5\"/>e par<span class=\"_ _6\"/>t o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>finance expenses.40 <span class=\"_ _2\"> </span>Intangible asse<span class=\"_ _5\"/>tsIn \u20ac thousands<span class=\"_ _1da\"> </span><span class=\"fs7b fc1 ls9d wsac\">Software</span>Cost<span class=\"_ _270\"> </span><span class=\"lsf9 ws178\"> 12,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>7<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span>Accumulat<span class=\"_ _5\"/>ed amortization<span class=\"_ _285\"> </span> (9,182<span class=\"_ _5\"/>)At<span class=\"_ _5\"/> 1 January 2021 3,793<span class=\"_ _6\"/> Additions<span class=\"_ _29c\"> </span><span class=\"ls14a ws137\"> - </span>Amortization charges<span class=\"_ _1d2\"> </span> (2,239)Movement<span class=\"_ _5\"/> 2021 (2,239)Cost <span class=\"_ _225\"> </span><span class=\"lsf9 ws178\"> 12,<span class=\"_ _7\"/>97<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span>Accumulat<span class=\"_ _5\"/>ed amortization<span class=\"_ _187\"> </span> (1<span class=\"_ _5\"/>1,42<span class=\"_ _5\"/>1)At<span class=\"_ _5\"/> 31 December 202<span class=\"_ _5\"/>1 1,55<span class=\"_ _6\"/>4<span class=\"_ _6\"/> Additions<span class=\"_ _2ab\"> </span><span class=\"lsef ws11c\"> 1,03<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span>Amortization charges<span class=\"_ _1d2\"> </span> (1,554)Movement<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _1c6\"> </span><span class=\"lsfc ws11b\"> (519)</span>Cost<span class=\"_ _2e7\"> </span><span class=\"lsfb ws134\"> 14<span class=\"_ _6\"/>,<span class=\"_ _6\"/>01<span class=\"_ _6\"/>0<span class=\"_ _6\"/> </span>Accumulat<span class=\"_ _5\"/>ed amortization<span class=\"_ _1a5\"> </span> (12,97<span class=\"_ _5\"/>5)At<span class=\"_ _5\"/> 31 December 2022 <span class=\"_ _2e8\"> </span><span class=\"ls101 wsac\"> 1,0<span class=\"_ _6\"/>35<span class=\"_ _6\"/> </span>41 <span class=\"_ _2\"> </span>Property<span class=\"_ _b\"/>,<span class=\"_ _b\"/> plant &amp; equipmen<span class=\"_ _5\"/>tIn \u20ac thousands<span class=\"_ _25f\"> </span>Furniture and fixtures<span class=\"_ _2c9\"> </span>Computer<span class=\"_ _5\"/> hardware<span class=\"_ _1b9\"> </span><span class=\"ls112 ws12e\">To<span class=\"_ _7\"/>t<span class=\"_ _6\"/>a<span class=\"_ _7\"/>l</span>Cost<span class=\"_ _1cb\"> </span>1,<span class=\"_ _6\"/>73<span class=\"_ _6\"/>0<span class=\"_ _6f\"> </span><span class=\"lsfc ws118\">18<span class=\"_ _3e\"> </span><span class=\"lsf7 ws113\">1<span class=\"_ _6\"/>,<span class=\"_ _7\"/>74<span class=\"_ _6\"/>8</span></span>Accumulat<span class=\"_ _5\"/>ed depreciation<span class=\"_ _132\"> </span> (1,097)<span class=\"_ _222\"> </span><span class=\"lsfb ws134\"> (<span class=\"_ _6\"/>14<span class=\"_ _6\"/>)<span class=\"_ _16a\"> </span><span class=\"ls10e ws111\"> (<span class=\"_ _6\"/>1<span class=\"_ _6\"/>,<span class=\"_ _6\"/>111<span class=\"_ _6\"/>)</span></span> A<span class=\"_ _5\"/>t 1 January 2021 <span class=\"_ _1ab\"> </span> 633 <span class=\"_ _6f\"> </span><span class=\"ls3 ws137\"> 4 <span class=\"_ _233\"> </span><span class=\"ls10d ws10d\"> 6<span class=\"_ _6\"/>37 </span></span>Additions<span class=\"_ _22b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _14f\"> </span><span class=\"lsfb ws134\"> 14<span class=\"_ _6\"/> <span class=\"_ _23e\"> </span> 14<span class=\"_ _6\"/> </span>Disposals<span class=\"_ _22b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span><span class=\"ws137\"> - </span></span>Depreciation char<span class=\"_ _5\"/>ges<span class=\"_ _16c\"> </span> (45)<span class=\"_ _10b\"> </span><span class=\"ls10c ws136\"> (<span class=\"_ _6\"/>3)<span class=\"_ _9c\"> </span><span class=\"ls2 ws14a\"> (4<span class=\"_ _6\"/>8)</span></span>Movement<span class=\"_ _5\"/> 2021 <span class=\"_ _2b1\"> </span> (45)<span class=\"_ _23e\"> </span><span class=\"lsfd ws114\"> 11<span class=\"_ _6\"/> <span class=\"_ _222\"> </span><span class=\"ls119 ws17c\"> (3<span class=\"_ _6\"/>4)</span></span>Cost <span class=\"_ _2e9\"> </span>1,7<span class=\"_ _6\"/>3<span class=\"_ _6\"/>0<span class=\"_ _238\"> </span><span class=\"ls100 ws11c\">32<span class=\"_ _9b\"> </span></span><span class=\"ls12d\"> 1,<span class=\"_ _6\"/>76<span class=\"_ _6\"/>2<span class=\"_ _6\"/> </span>Accumulat<span class=\"_ _5\"/>ed depreciation<span class=\"_ _2b3\"> </span> (1<span class=\"_ _5\"/>,142<span class=\"_ _5\"/>)<span class=\"_ _222\"> </span><span class=\"lsf5 ws117\"> (<span class=\"_ _6\"/>17<span class=\"_ _6\"/>)<span class=\"_ _158\"> </span></span> (1,15<span class=\"_ _5\"/>9)At<span class=\"_ _5\"/> 31 December 202<span class=\"_ _5\"/>1 <span class=\"_ _2ea\"> </span><span class=\"ls170 ws16c\"> 588 <span class=\"_ _23e\"> </span><span class=\"ls102 ws11a\"> 15<span class=\"_ _6\"/> <span class=\"_ _233\"> </span></span> 603 </span>Additions<span class=\"_ _22b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Disposals<span class=\"_ _22b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   </span>Depreciation char<span class=\"_ _5\"/>ges<span class=\"_ _16c\"> </span> (50)<span class=\"_ _10b\"> </span> (5)<span class=\"_ _9c\"> </span><span class=\"ls6f ws13a\"> (<span class=\"_ _6\"/>55)</span>Movement<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _1f7\"> </span> (50)<span class=\"_ _10b\"> </span> (5)<span class=\"_ _9c\"> </span><span class=\"ls2 ws14a\"> (55)</span>Cost <span class=\"_ _1d0\"> </span> 1,7<span class=\"_ _5\"/>30 <span class=\"_ _23e\"> </span><span class=\"ls100 ws16d\"> 32 <span class=\"_ _64\"> </span><span class=\"ls12d ws116\"> 1,76<span class=\"_ _6\"/>2<span class=\"_ _6\"/> </span></span>Accumulat<span class=\"_ _5\"/>ed depreciation<span class=\"_ _2b3\"> </span> (1<span class=\"_ _5\"/>,192<span class=\"_ _5\"/>)<span class=\"_ _9c\"> </span><span class=\"lsf0 ws15c\"> (<span class=\"_ _6\"/>2<span class=\"_ _6\"/>2)<span class=\"_ _158\"> </span></span> (1,2<span class=\"_ _5\"/>14<span class=\"_ _5\"/>)At<span class=\"_ _5\"/> 31 December 2022 <span class=\"_ _f5\"> </span> 53<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _23e\"> </span><span class=\"ls6f ws13a\"> 10 <span class=\"_ _233\"> </span><span class=\"ls129 wse8\"> 548 </span></span>42 <span class=\"_ _2\"> </span>Right-o<span class=\"_ _5\"/>f-use assets and l<span class=\"_ _5\"/>ease liabilitiesAmounts rec<span class=\"_ _5\"/>ognized in the C<span class=\"_ _5\"/>ompany ba<span class=\"_ _5\"/>lance sheet<span class=\"_ _5\"/> Right-o<span class=\"_ _5\"/>f-use assetsLeased land and Leased (IT) Leased In \u20ac thousandsbuildingsequipmentvehiclesTo<span class=\"_ _6\"/>t<span class=\"_ _6\"/>a<span class=\"_ _7\"/>lBalance a<span class=\"_ _5\"/>t 1 January 2021 <span class=\"_ _2a6\"> </span> 2<span class=\"_ _6\"/>,973 <span class=\"_ _48\"> </span> 11<span class=\"_ _7\"/> <span class=\"_ _d3\"> </span><span class=\"ls144 ws189\"> 2<span class=\"_ _6\"/>97 <span class=\"_ _e0\"> </span><span class=\"lsf6 ws10f\"> 3<span class=\"_ _6\"/>,281<span class=\"_ _6\"/> </span></span>Additions<span class=\"_ _151\"> </span> 24 <span class=\"_ _1ae\"> </span> - <span class=\"_ _db\"> </span><span class=\"ls10e ws111\"> 117<span class=\"_ _7\"/> <span class=\"_ _d5\"> </span><span class=\"lsf8 wse9\"> 141<span class=\"_ _7\"/> </span></span>Depreciation<span class=\"_ _2eb\"> </span> (61<span class=\"_ _5\"/>0)<span class=\"_ _29\"> </span> (6)<span class=\"_ _d2\"> </span><span class=\"lsec ws112\"> (<span class=\"_ _6\"/>10<span class=\"_ _6\"/>6<span class=\"_ _6\"/>)<span class=\"_ _114\"> </span><span class=\"lsf0 ws15c\"> (7<span class=\"_ _6\"/>22)</span></span>Derecognition <span class=\"_ _5\"/>fully<span class=\"_ _5\"/> depreciat<span class=\"_ _5\"/>ed assets<span class=\"_ _23a\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _205\"> </span> - <span class=\"_ _205\"> </span> - <span class=\"_ _161\"> </span> - </span>Remeasuremen<span class=\"_ _5\"/>ts<span class=\"_ _207\"> </span> - <span class=\"_ _205\"> </span> - <span class=\"_ _194\"> </span><span class=\"ls57 ws164\"> (5<span class=\"_ _6\"/>4)<span class=\"_ _48\"> </span> (5<span class=\"_ _6\"/>4)</span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2021 <span class=\"_ _132\"> </span> 2<span class=\"_ _6\"/>,387<span class=\"_ _6\"/> <span class=\"_ _76\"> </span> 5 <span class=\"_ _d3\"> </span><span class=\"ls5b ws138\"> 25<span class=\"_ _6\"/>4 <span class=\"_ _d2\"> </span></span> 2<span class=\"_ _6\"/>,64<span class=\"_ _6\"/>6Additions<span class=\"_ _c9\"> </span> - <span class=\"_ _56\"> </span> - <span class=\"_ _18a\"> </span><span class=\"ls3\"> 88 <span class=\"_ _38\"> </span> 88 </span>Depreciation<span class=\"_ _237\"> </span><span class=\"ls57 ws164\"> (<span class=\"_ _6\"/>59<span class=\"_ _6\"/>4)<span class=\"_ _29\"> </span></span><span class=\"ws1\"> (5)<span class=\"_ _252\"> </span></span><span class=\"ls101\"> (97<span class=\"_ _6\"/>)<span class=\"_ _55\"> </span></span><span class=\"ws1\"> (69<span class=\"_ _6\"/>6)</span>Derecognition <span class=\"_ _5\"/>fully<span class=\"_ _5\"/> depreciat<span class=\"_ _5\"/>ed assets<span class=\"_ _23a\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _205\"> </span> - <span class=\"_ _205\"> </span> - <span class=\"_ _161\"> </span> - </span>Remeasuremen<span class=\"_ _5\"/>ts<span class=\"_ _207\"> </span> - <span class=\"_ _205\"> </span> - <span class=\"_ _194\"> </span><span class=\"ls10f ws129\"> (<span class=\"_ _6\"/>15<span class=\"_ _6\"/>)<span class=\"_ _54\"> </span> (<span class=\"_ _6\"/>15<span class=\"_ _6\"/>)</span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _18\"> </span> 1,793<span class=\"_ _6\"/> <span class=\"_ _19a\"> </span> - <span class=\"_ _252\"> </span><span class=\"lsb6 ws16e\"> 23<span class=\"_ _6\"/>0 <span class=\"_ _e0\"> </span></span> 2,023Lease liabilitiesIn \u20ac thousands<span class=\"_ _18f\"> </span><span class=\"ff1 fc1 ls7a ws82\">2<span class=\"_ _6\"/>022<span class=\"_ _d1\"> </span><span class=\"fc6 lsc2 wsd7\">2021</span></span>Balance a<span class=\"_ _5\"/>t 1 January <span class=\"_ _1cc\"> </span><span class=\"lsfe ws5b\"> 2<span class=\"_ _6\"/>,6<span class=\"_ _6\"/>70 <span class=\"_ _188\"> </span></span> 3,293<span class=\"_ _6\"/> Additions<span class=\"_ _2a5\"> </span><span class=\"ls101\"> 91<span class=\"_ _6\"/> <span class=\"_ _2c4\"> </span><span class=\"lsf8 wse9\"> 1<span class=\"_ _6\"/>41<span class=\"_ _6\"/> </span></span>Payments o<span class=\"_ _5\"/>f lease liabilities<span class=\"_ _2e2\"> </span><span class=\"lsf7 ws17f\"> (74<span class=\"_ _7\"/>3)<span class=\"_ _3e\"> </span><span class=\"lsf0 ws15c\"> (<span class=\"_ _6\"/>752)</span></span>Remeasuremen<span class=\"_ _5\"/>ts<span class=\"_ _1aa\"> </span><span class=\"ls10f ws129\"> (15<span class=\"_ _6\"/>)<span class=\"_ _222\"> </span><span class=\"ls57 ws164\"> (5<span class=\"_ _6\"/>4)</span></span>Interest<span class=\"_ _1e7\"> </span><span class=\"ls3e ws132\"> 33 <span class=\"_ _23e\"> </span><span class=\"lsfa ws43\"> 42 </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _105\"> </span> 2<span class=\"_ _6\"/>,036<span class=\"_ _6\"/> <span class=\"_ _176\"> </span><span class=\"lsfe ws5b\"> 2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>670<span class=\"_ _6\"/> </span>Current<span class=\"_ _1d5\"> </span><span class=\"lsf0 ws10c\">721<span class=\"_ _6\"/> <span class=\"_ _20f\"> </span><span class=\"lsf7 ws113\">74<span class=\"_ _6\"/>3<span class=\"_ _7\"/> </span></span>Non-current<span class=\"_ _2a9\"> </span><span class=\"ls10f ws12c\">1,<span class=\"_ _6\"/>315<span class=\"_ _6\"/> <span class=\"_ _9b\"> </span><span class=\"lsef ws10b\">1,92<span class=\"_ _6\"/>7<span class=\"_ _6\"/> </span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _6a\"> </span><span class=\"ls9d wsac\">2<span class=\"_ _6\"/>,03<span class=\"_ _6\"/>6 <span class=\"_ _9d\"> </span><span class=\"lsfe ws11a\">2<span class=\"_ _6\"/>,670<span class=\"_ _6\"/> </span></span>Amounts rec<span class=\"_ _5\"/>ognized in the C<span class=\"_ _5\"/>ompany inc<span class=\"_ _5\"/>ome stat<span class=\"_ _b\"/>ementIn \u20ac thousands<span class=\"_ _1e6\"> </span><span class=\"ff1 fc1 ls7a ws82\">2022<span class=\"_ _53\"> </span><span class=\"fc6 lsc2 wsd7\">20<span class=\"_ _6\"/>21</span></span>Depreciation<span class=\"_ _2ec\"> </span><span class=\"ls13e ws139\"> 696 <span class=\"_ _83\"> </span><span class=\"lsb8 ws18f\"> 722 </span></span>Inter<span class=\"_ _5\"/>est expense (incl<span class=\"_ _5\"/>uded in Net finance expense)<span class=\"_ _90\"> </span><span class=\"ls3e ws132\"> 33<span class=\"_ _6\"/> <span class=\"_ _ff\"> </span><span class=\"lsfa ws43\"> 42<span class=\"_ _6\"/> </span></span>Other opera<span class=\"_ _5\"/>tional costs <span class=\"_ _5\"/>for short-t<span class=\"_ _5\"/>erm leases<span class=\"_ _15c\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _1ee\"> </span><span class=\"lsf1 ws10d\">72<span class=\"_ _6\"/>9 <span class=\"_ _52\"> </span><span class=\"lsf0 ws10c\">76<span class=\"_ _7\"/>4 </span></span>43 <span class=\"_ _2\"> </span>Inves<span class=\"_ _5\"/>tment in subsidiariesIn \u20ac thousands<span class=\"_ _226\"> </span><span class=\"ff1 fc1 ls7a ws82\">2022<span class=\"_ _133\"> </span><span class=\"fc6 lsc2 wsd7\">2<span class=\"_ _6\"/>021</span></span>Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _2d9\"> </span> 1,534,330<span class=\"_ _6\"/> <span class=\"_ _c3\"> </span> 1,265,1<span class=\"_ _5\"/>23 Share in income o<span class=\"_ _5\"/>f subsidiaries<span class=\"_ _206\"> </span> 1<span class=\"_ _5\"/>25,467<span class=\"_ _6\"/> <span class=\"_ _de\"> </span><span class=\"lsd2 ws12b\"> 166<span class=\"_ _7\"/>,371<span class=\"_ _6\"/> </span>Dividends received<span class=\"_ _204\"> </span> (48<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0)<span class=\"_ _13d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   </span>Capital contributions<span class=\"_ _1a2\"> </span><span class=\"ls3\">5<span class=\"_ _5\"/>34,860 <span class=\"_ _18a\"> </span><span class=\"lsf0 ws15c\"> 24<span class=\"_ _6\"/>,<span class=\"_ _6\"/>65<span class=\"_ _6\"/>6<span class=\"_ _6\"/> </span></span>Capital repa<span class=\"_ _5\"/>yments<span class=\"_ _195\"> </span> (1<span class=\"_ _5\"/>,15<span class=\"_ _5\"/>5)<span class=\"_ _13d\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   </span>Remeasuremen<span class=\"_ _5\"/>ts on post-employment<span class=\"_ _5\"/> benefit obligations,<span class=\"_ _b\"/> net of<span class=\"_ _5\"/> income taxes<span class=\"_ _2ed\"> </span> (16,433<span class=\"_ _5\"/>)<span class=\"_ _29\"> </span><span class=\"lsf6 ws10f\"> 22,09<span class=\"_ _6\"/>9 </span>Other charges<span class=\"_ _91\"> </span><span class=\"lsf9 ws178\"> 12<span class=\"_ _7\"/>9<span class=\"_ _6\"/> <span class=\"_ _223\"> </span></span> (1,269)Provision <span class=\"_ _5\"/>for nega<span class=\"_ _5\"/>tive equity of<span class=\"_ _5\"/> investmen<span class=\"_ _5\"/>ts<span class=\"_ _d\"> </span> (7<span class=\"_ _5\"/>,341<span class=\"_ _b\"/>)<span class=\"_ _46\"> </span> (5,691)Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _118\"> </span><span class=\"ls101 wsac\"> 6<span class=\"_ _6\"/>,979<span class=\"_ _6\"/> <span class=\"_ _71\"> </span><span class=\"lsf8 wse9\"> 6<span class=\"_ _6\"/>3<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>41<span class=\"_ _6\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _1a5\"> </span><span class=\"wsac\">2<span class=\"_ _6\"/>,128,83<span class=\"_ _6\"/>6<span class=\"_ _e4\"> </span>1,534,330</span>F<span class=\"_ _5\"/>or the remeasur<span class=\"_ _5\"/>ements on post empl<span class=\"_ _5\"/>oyee benefits obliga<span class=\"_ _5\"/>tions,<span class=\"_ _b\"/> see note 2<span class=\"_ _5\"/>8.F<span class=\"_ _5\"/>or the mov<span class=\"_ _5\"/>ement in <span class=\"_ _5\"/>the provisions rela<span class=\"_ _5\"/>ting t<span class=\"_ _5\"/>o provisions rela<span class=\"_ _5\"/>tes <span class=\"_ _5\"/>to subsidiaries o<span class=\"_ _5\"/>f the C<span class=\"_ _5\"/>ompany <span class=\"_ _5\"/>with a negativ<span class=\"_ _5\"/>e equity f<span class=\"_ _5\"/>or which <span class=\"_ _5\"/>the Company<span class=\"_ _5\"/> is liable see not<span class=\"_ _5\"/>e 4<span class=\"_ _5\"/>7<span class=\"_ _b\"/>.<span class=\"_ _b\"/> The ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>e differenc<span class=\"_ _5\"/>es mainly<span class=\"_ _5\"/> relat<span class=\"_ _5\"/>e t<span class=\"_ _5\"/>o the British Pound S<span class=\"_ _5\"/>terling,<span class=\"_ _b\"/> US Dollar and Cana<span class=\"_ _5\"/>dian Dollar r<span class=\"_ _5\"/>at<span class=\"_ _5\"/>es.44 <span class=\"_ _2\"> </span>Loans issued t<span class=\"_ _b\"/>o subsidiaries and other<span class=\"_ _5\"/> inves<span class=\"_ _5\"/>tmentsIn \u20ac thousands<span class=\"_ _226\"> </span><span class=\"ff1 fc1 ls7a ws82\">2022<span class=\"_ _133\"> </span><span class=\"fc6 lsc2 wsd7\">2<span class=\"_ _6\"/>021</span></span>Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _1a2\"> </span><span class=\"lsec ws108\">185,<span class=\"_ _6\"/>819<span class=\"_ _6\"/> <span class=\"_ _194\"> </span><span class=\"lsfb ws117\">212<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _7\"/>8<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span></span>Loans issued t<span class=\"_ _5\"/>o subsidiaries<span class=\"_ _116\"> </span><span class=\"ls6f ws13a\"> 3<span class=\"_ _6\"/>59,6<span class=\"_ _6\"/>07<span class=\"_ _6\"/> <span class=\"_ _29\"> </span></span> 94,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>6<span class=\"_ _6\"/> Redemp<span class=\"_ _5\"/>tions<span class=\"_ _2ee\"> </span><span class=\"ws1\"> (89,265)<span class=\"_ _bc\"> </span> (1<span class=\"_ _5\"/>32,395)</span>Investmen<span class=\"_ _5\"/>ts<span class=\"_ _1fe\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - </span>Divestments<span class=\"_ _1d8\"> </span><span class=\"ls3 ws137\"> 98 <span class=\"_ _64\"> </span><span class=\"ls14a\"> - </span></span>Others <span class=\"_ _1c3\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - </span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _118\"> </span><span class=\"lsfc ws11b\"> 4<span class=\"_ _6\"/>,18<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _38\"> </span><span class=\"ls10e ws111\"> 11,<span class=\"_ _7\"/>2<span class=\"_ _6\"/>2<span class=\"_ _6\"/>4<span class=\"_ _7\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _26d\"> </span><span class=\"ls3\">460,44<span class=\"_ _6\"/>4 <span class=\"_ _194\"> </span><span class=\"lsec ws108\">18<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,819<span class=\"_ _6\"/> </span></span>As Arcadis NV<span class=\"_ _5\"/> applies the same v<span class=\"_ _5\"/>alua<span class=\"_ _5\"/>tion principles in the Compan<span class=\"_ _5\"/>y financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements as those applied in the C<span class=\"_ _5\"/>onsolidated <span class=\"_ _5\"/>financial sta<span class=\"_ _5\"/>tements,<span class=\"_ _0\"/> IFRS 9 is also applicable t<span class=\"_ _5\"/>o inter<span class=\"_ _5\"/>company l<span class=\"_ _5\"/>oans and receivabl<span class=\"_ _5\"/>es.<span class=\"_ _5\"/> The assessment o<span class=\"_ _b\"/>f the Expected Credit<span class=\"_ _5\"/> Loss did no<span class=\"_ _5\"/>t resul<span class=\"_ _5\"/>t in a ma<span class=\"_ _5\"/>terial impa<span class=\"_ _5\"/>ct on the Compan<span class=\"_ _5\"/>y financial sta<span class=\"_ _5\"/>tements.<span class=\"_ _0\"/> T<span class=\"_ _b\"/>o have c<span class=\"_ _5\"/>onsistency be<span class=\"_ _5\"/>tween the C<span class=\"_ _5\"/>onsolidated and s<span class=\"_ _5\"/>tandalone equity<span class=\"_ _5\"/> no loss has been recor<span class=\"_ _5\"/>ded,<span class=\"_ _5\"/> which is in line <span class=\"_ _5\"/>with the clarification as pro<span class=\"_ _5\"/>vided by <span class=\"_ _5\"/>the Raad voor<span class=\"_ _5\"/> de Jaarverslagge<span class=\"_ _5\"/>ving (RJ) that<span class=\"_ _5\"/> a reversa<span class=\"_ _5\"/>l of <span class=\"_ _5\"/>the Expected Credit<span class=\"_ _5\"/> Loss can be included in <span class=\"_ _5\"/>the carr<span class=\"_ _6\"/>ying amount o<span class=\"_ _5\"/>f the l<span class=\"_ _5\"/>oans.<span class=\"_ _b\"/> The increase in loans issued is mainl<span class=\"_ _b\"/>y relat<span class=\"_ _b\"/>ed to the ne<span class=\"_ _5\"/>wly<span class=\"_ _5\"/> acquired subsidiaries in 2<span class=\"_ _5\"/>022.<span class=\"_ _b\"/> Not<span class=\"_ _5\"/>ed is tha<span class=\"_ _5\"/>t Ar<span class=\"_ _5\"/>cadis NV has con<span class=\"_ _5\"/>trol,<span class=\"_ _5\"/> directl<span class=\"_ _5\"/>y or indirectl<span class=\"_ _b\"/>y<span class=\"_ _5\"/>,<span class=\"_ _5\"/> over<span class=\"_ _5\"/> all <span class=\"_ _5\"/>the subsidiaries it grant<span class=\"_ _5\"/>ed loans and can conv<span class=\"_ _5\"/>er<span class=\"_ _6\"/>t these in<span class=\"_ _5\"/>to equity<span class=\"_ _5\"/> if needed.The ex<span class=\"_ _5\"/>change rat<span class=\"_ _5\"/>e differenc<span class=\"_ _5\"/>es mainly<span class=\"_ _5\"/> relat<span class=\"_ _5\"/>e t<span class=\"_ _5\"/>o loans in US Dollar<span class=\"_ _0\"/>,<span class=\"_ _b\"/> British Pound St<span class=\"_ _5\"/>erling and Canadian Dollar<span class=\"_ _0\"/>.45 Rec<span class=\"_ _5\"/>eivablesIn \u20ac thousands<span class=\"_ _226\"> </span><span class=\"ff1 fc1 ls7a ws82\">2022<span class=\"_ _133\"> </span><span class=\"fc6 lsc2 wsd7\">2<span class=\"_ _6\"/>021</span></span>Receiv<span class=\"_ _5\"/>ables from subsidiaries and associa<span class=\"_ _5\"/>tes<span class=\"_ _ad\"> </span><span class=\"lsfb ws134\"> 14<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>27<span class=\"_ _6\"/> <span class=\"_ _49\"> </span><span class=\"ls48 ws167\"> 167<span class=\"_ _b\"/>,556 </span></span>Other rec<span class=\"_ _5\"/>eivables<span class=\"_ _27c\"> </span><span class=\"lsf9 ws115\">12<span class=\"_ _6\"/>,<span class=\"_ _6\"/>76<span class=\"_ _7\"/>8<span class=\"_ _223\"> </span><span class=\"lsfb ws134\"> 14<span class=\"_ _6\"/>,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>6<span class=\"_ _7\"/>8<span class=\"_ _6\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _1f9\"> </span><span class=\"ls102 ws11e\">156<span class=\"_ _7\"/>,7<span class=\"_ _6\"/>9<span class=\"_ _6\"/>5<span class=\"_ _d5\"> </span><span class=\"lsfa ws43\"> 182<span class=\"_ _6\"/>,<span class=\"_ _6\"/>224<span class=\"_ _6\"/> </span></span>The Receiv<span class=\"_ _5\"/>ables from subsidiaries and associa<span class=\"_ _b\"/>tes mainl<span class=\"_ _5\"/>y rela<span class=\"_ _5\"/>te t<span class=\"_ _5\"/>o short-t<span class=\"_ _5\"/>erm financing by means o<span class=\"_ _5\"/>f current<span class=\"_ _5\"/> accoun<span class=\"_ _5\"/>ts.<span class=\"_ _b\"/> Arcadis applied <span class=\"_ _5\"/>the simplified approach under IFRS 9 <span class=\"_ _5\"/>to its int<span class=\"_ _5\"/>ercompan<span class=\"_ _5\"/>y current<span class=\"_ _5\"/> receivabl<span class=\"_ _5\"/>es and concluded <span class=\"_ _5\"/>that <span class=\"_ _5\"/>the Expected Credit<span class=\"_ _5\"/> Loss is immat<span class=\"_ _b\"/>erial<span class=\"_ _6\"/>.<span class=\"_ _b\"/> See note 2<span class=\"_ _b\"/>1 of <span class=\"_ _5\"/>the Consolidat<span class=\"_ _5\"/>ed financial sta<span class=\"_ _5\"/>tements <span class=\"_ _5\"/>for <span class=\"_ _5\"/>further details on the simplified approach and no<span class=\"_ _b\"/>te 4<span class=\"_ _6\"/>4 on the tr<span class=\"_ _5\"/>eatment<span class=\"_ _5\"/> of<span class=\"_ _5\"/> the Expected Credit L<span class=\"_ _5\"/>oss on inter<span class=\"_ _5\"/>company<span class=\"_ _5\"/> positions in the Company<span class=\"_ _5\"/> financial sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>ts.The Other rec<span class=\"_ _5\"/>eivables include \u20ac9<span class=\"_ _5\"/>.7 million (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _5\"/>0.5 million) of<span class=\"_ _5\"/> prepaid amounts,<span class=\"_ _0\"/> mainly r<span class=\"_ _5\"/>elat<span class=\"_ _5\"/>ed to softwar<span class=\"_ _5\"/>e licenses and other<span class=\"_ _5\"/> prepaid IT support.46 <span class=\"_ _2\"> </span>Shareholders<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> equityShare <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Share <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Hedging <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>T<span class=\"_ _b\"/>ranslation Other lega<span class=\"_ _5\"/>l Retained <span class=\"_ _1\"/><span class=\"ls3 ws1\"> </span>Undistributed In \u20ac thousandscapitalpremiumreservereservereserveearningsprofitsTo<span class=\"_ _6\"/>t<span class=\"_ _6\"/>a<span class=\"_ _7\"/>lBalance a<span class=\"_ _5\"/>t 1 January 2021 1,8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _d6\"> </span> 372,472 <span class=\"_ _109\"> </span> 19<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _d3\"> </span> (11<span class=\"_ _5\"/>4,3<span class=\"_ _6\"/>81)<span class=\"_ _29\"> </span><span class=\"ls102 ws11a\"> 15,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>8<span class=\"_ _6\"/>3<span class=\"_ _6\"/> <span class=\"_ _252\"> </span></span> 573,0<span class=\"_ _6\"/>4<span class=\"_ _6\"/>8 <span class=\"_ _71\"> </span><span class=\"ls117 ws12a\"> 18<span class=\"_ _6\"/>,8<span class=\"_ _6\"/>75<span class=\"_ _6\"/> <span class=\"_ _db\"> </span><span class=\"ls147 ws172\"> 8<span class=\"_ _7\"/>6<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>6<span class=\"_ _7\"/>0<span class=\"_ _7\"/>0<span class=\"_ _7\"/> </span></span>Net inc<span class=\"_ _5\"/>ome- <span class=\"_ _9d\"> </span> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _37\"> </span><span class=\"lsed ws163\"> 1<span class=\"_ _7\"/>6<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"> </span>8<span class=\"_ _7\"/>2<span class=\"_ _7\"/> <span class=\"_ _49\"> </span> 16<span class=\"_ _7\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>8<span class=\"_ _7\"/>2<span class=\"_ _7\"/> </span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _1ee\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _46\"> </span><span class=\"ls12d ws116\"> 6<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,76<span class=\"_ _7\"/>6 <span class=\"_ _188\"> </span></span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _223\"> </span><span class=\"ls12d ws116\"> 6<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,76<span class=\"_ _7\"/>6 </span></span>Effective portion of<span class=\"_ _5\"/> changes in fair <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f cash flow<span class=\"_ _5\"/> hedges,<span class=\"_ _5\"/> net of<span class=\"_ _5\"/> income taxes<span class=\"_ _130\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _53\"> </span><span class=\"ls6f ws13a\"> 455 <span class=\"_ _188\"> </span></span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _53\"> </span><span class=\"ls6f ws13a\"> 455 </span></span>Remeasuremen<span class=\"_ _5\"/>ts on post-employment<span class=\"_ _5\"/> benefit obligations,<span class=\"_ _b\"/> net of<span class=\"_ _5\"/> income taxes<span class=\"_ _1df\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _46\"> </span><span class=\"lsf6 ws10f\"> 22,09<span class=\"_ _6\"/>9 <span class=\"_ _188\"> </span></span> - <span class=\"_ _46\"> </span><span class=\"lsf6 ws10f\"> 22,099<span class=\"_ _6\"/> </span></span>Other compr<span class=\"_ _5\"/>ehensive income,<span class=\"_ _b\"/> net of<span class=\"_ _5\"/> income taxes<span class=\"_ _27f\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _133\"> </span><span class=\"ls2 ws14a\"> 455<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span><span class=\"lsf0 ws15c\"> 62<span class=\"_ _6\"/>,<span class=\"_ _6\"/>76<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _176\"> </span></span></span> - <span class=\"_ _38\"> </span><span class=\"ls127 ws184\"> 22<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>99<span class=\"_ _6\"/> <span class=\"_ _176\"> </span></span> - <span class=\"_ _46\"> </span><span class=\"ls144 ws189\"> 85,32<span class=\"_ _6\"/>0 </span></span>T<span class=\"_ _b\"/>otal comprehensiv<span class=\"_ _5\"/>e income f<span class=\"_ _5\"/>or the period<span class=\"_ _204\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _133\"> </span> 455 <span class=\"_ _46\"> </span><span class=\"lsf0 ws10c\">62<span class=\"_ _6\"/>,<span class=\"_ _6\"/>76<span class=\"_ _6\"/>6<span class=\"_ _6\"/> <span class=\"_ _176\"> </span></span> - <span class=\"_ _38\"> </span> 22<span class=\"_ _6\"/>,09<span class=\"_ _6\"/>9 <span class=\"_ _de\"> </span><span class=\"ls147 ws172\"> 1<span class=\"_ _6\"/>6<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>8<span class=\"_ _7\"/>2<span class=\"_ _6\"/> <span class=\"_ _d6\"> </span><span class=\"lsff ws168\"> 253,<span class=\"_ _6\"/>20<span class=\"_ _6\"/>2 </span></span>T<span class=\"_ _b\"/>ransactions with owners of<span class=\"_ _5\"/> the Company:<span class=\"_ _1e5\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - </span>Acquisitions and tr<span class=\"_ _5\"/>ansactions with non-controlling in<span class=\"_ _5\"/>terests<span class=\"_ _28b\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _9d\"> </span> - </span>Dividends to shareholders<span class=\"_ _1b5\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _18a\"> </span></span><span class=\"ws1\"> (22,292<span class=\"_ _5\"/>)<span class=\"_ _13d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _18a\"> </span></span> (1<span class=\"_ _5\"/>2,397)<span class=\"_ _194\"> </span> (18,87<span class=\"_ _5\"/>6)<span class=\"_ _194\"> </span> (53,565)</span>Addition t<span class=\"_ _5\"/>o (utilization of) other (sta<span class=\"_ _5\"/>tutory) reserves<span class=\"_ _1d9\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9b\"> </span> - <span class=\"_ _20\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _170\"> </span></span> (5,993)<span class=\"_ _c4\"> </span> 5,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>93 <span class=\"_ _1bb\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _20\"> </span> - </span>Issuance of<span class=\"_ _5\"/> shares<span class=\"_ _2ef\"> </span> 12<span class=\"_ _6\"/> <span class=\"_ _18a\"> </span> 2<span class=\"_ _6\"/>2,28<span class=\"_ _6\"/>0 <span class=\"_ _188\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _1b1\"> </span> - <span class=\"_ _42\"> </span> - <span class=\"_ _a0\"> </span><span class=\"lsf1 ws166\"> 22,292 </span></span>Cancella<span class=\"_ _5\"/>tion of shar<span class=\"_ _5\"/>es<span class=\"_ _2f0\"> </span><span class=\"lsf9 ws178\"> (<span class=\"_ _6\"/>12)<span class=\"_ _64\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _20\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _23b\"> </span> - <span class=\"_ _7d\"> </span></span> (<span class=\"_ _6\"/>12<span class=\"_ _6\"/>)</span>Share-based compensation,<span class=\"_ _b\"/> net o<span class=\"_ _5\"/>f income tax<span class=\"_ _5\"/>es<span class=\"_ _2a1\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _6b\"> </span><span class=\"ls110 ws15f\"> 4,436<span class=\"_ _6\"/> <span class=\"_ _1bb\"> </span></span> - <span class=\"_ _8d\"> </span><span class=\"ls110 ws15f\"> 4<span class=\"_ _6\"/>,436<span class=\"_ _6\"/> </span></span>Purchase of<span class=\"_ _5\"/> own shares<span class=\"_ _8a\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _2f1\"> </span></span> (77<span class=\"_ _b\"/>,327)<span class=\"_ _20\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _54\"> </span></span> (77<span class=\"_ _b\"/>,327)Share options e<span class=\"_ _5\"/>xercised<span class=\"_ _7e\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _144\"> </span><span class=\"lsef ws11c\"> 6<span class=\"_ _6\"/>,16<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _1bb\"> </span></span> - <span class=\"_ _8d\"> </span><span class=\"lsef ws11c\"> 6<span class=\"_ _7\"/>,16<span class=\"_ _6\"/>2<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal transactions with owners of<span class=\"_ _5\"/> the Company<span class=\"_ _2ac\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _8b\"> </span><span class=\"lsfb ws134\"> (12<span class=\"_ _6\"/>)<span class=\"_ _176\"> </span></span> - <span class=\"_ _23b\"> </span> - <span class=\"_ _46\"> </span></span><span class=\"ws1\"> (5,9<span class=\"_ _6\"/>93)<span class=\"_ _49\"> </span> (73,133)<span class=\"_ _de\"> </span> (18,876)<span class=\"_ _49\"> </span> (98<span class=\"_ _6\"/>,014<span class=\"_ _5\"/>)</span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2021 1,8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _252\"> </span> 37<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>0 <span class=\"_ _53\"> </span> 649 <span class=\"_ _d6\"> </span><span class=\"ls9d ws1\"> (51<span class=\"_ _5\"/>,615)<span class=\"_ _51\"> </span> 9,59<span class=\"_ _6\"/>0 <span class=\"_ _d6\"> </span><span class=\"ls118 ws10e\"> 5<span class=\"_ _6\"/>2<span class=\"_ _6\"/>2<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>14<span class=\"_ _6\"/> <span class=\"_ _de\"> </span><span class=\"ls147 ws172\"> 1<span class=\"_ _6\"/>6<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>8<span class=\"_ _7\"/>8<span class=\"_ _6\"/>1<span class=\"_ _7\"/> <span class=\"_ _e3\"> </span></span></span> 1,022,78<span class=\"_ _6\"/>8 </span>Net inc<span class=\"_ _5\"/>ome<span class=\"_ _2f2\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _37\"> </span><span class=\"ls3\"> 1<span class=\"_ _b\"/>35,530 <span class=\"_ _d6\"> </span> 1<span class=\"_ _5\"/>35,5<span class=\"_ _5\"/>30 </span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _1ee\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _111\"> </span><span class=\"ls3e ws132\"> 5,579<span class=\"_ _6\"/> <span class=\"_ _176\"> </span></span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _111\"> </span><span class=\"ls3e ws132\"> 5<span class=\"_ _6\"/>,579 </span></span>Effective portion of<span class=\"_ _5\"/> changes in fair <span class=\"_ _5\"/>value o<span class=\"_ _5\"/>f cash flow<span class=\"_ _5\"/> hedges,<span class=\"_ _5\"/> net of<span class=\"_ _5\"/> income taxes<span class=\"_ _130\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _53\"> </span><span class=\"lsf9 ws178\"> 12<span class=\"_ _6\"/>9<span class=\"_ _7\"/> <span class=\"_ _64\"> </span></span> - <span class=\"_ _20\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _133\"> </span><span class=\"lsf9 ws178\"> 12<span class=\"_ _7\"/>9<span class=\"_ _6\"/> </span></span>Remeasuremen<span class=\"_ _5\"/>ts on post-employment<span class=\"_ _5\"/> benefit obligations,<span class=\"_ _b\"/> net of<span class=\"_ _5\"/> income taxes<span class=\"_ _1df\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _18a\"> </span></span> (16,433<span class=\"_ _5\"/>)<span class=\"_ _13d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _18a\"> </span></span> (16,433<span class=\"_ _5\"/>)Other compr<span class=\"_ _5\"/>ehensive income,<span class=\"_ _b\"/> net of<span class=\"_ _5\"/> income taxes<span class=\"_ _27f\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _53\"> </span><span class=\"lsfb ws134\"> 129<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span><span class=\"ls3e ws132\"> 5,579<span class=\"_ _6\"/> <span class=\"_ _176\"> </span></span></span> - <span class=\"_ _29\"> </span></span> (1<span class=\"_ _5\"/>6<span class=\"_ _6\"/>,433)<span class=\"_ _16a\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _54\"> </span></span> (10,7<span class=\"_ _6\"/>25)T<span class=\"_ _b\"/>otal comprehensiv<span class=\"_ _5\"/>e income f<span class=\"_ _5\"/>or the period<span class=\"_ _204\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _133\"> </span><span class=\"lsfb ws134\"> 12<span class=\"_ _6\"/>9<span class=\"_ _7\"/> <span class=\"_ _19a\"> </span><span class=\"ls3e ws132\"> 5,579<span class=\"_ _6\"/> <span class=\"_ _176\"> </span></span></span> - <span class=\"_ _29\"> </span></span> (1<span class=\"_ _5\"/>6<span class=\"_ _6\"/>,433)<span class=\"_ _252\"> </span><span class=\"ls118 ws10e\"> 13<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>53<span class=\"_ _7\"/>0 <span class=\"_ _db\"> </span><span class=\"lsfb ws134\"> 12<span class=\"_ _6\"/>4<span class=\"_ _7\"/>,8<span class=\"_ _7\"/>0<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>ransactions with owners of<span class=\"_ _5\"/> the Company:Acquisitions and tr<span class=\"_ _5\"/>ansactions with non-controlling in<span class=\"_ _5\"/>terests<span class=\"_ _28b\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _9d\"> </span> - </span>Dividends to shareholders<span class=\"_ _1b5\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _76\"> </span><span class=\"lsf8 wse9\"> 51,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>2<span class=\"_ _6\"/>8<span class=\"_ _6\"/> <span class=\"_ _114\"> </span></span><span class=\"ws1\"> (167<span class=\"_ _b\"/>,8<span class=\"_ _6\"/>81<span class=\"_ _5\"/>)<span class=\"_ _d3\"> </span> (1<span class=\"_ _b\"/>16,0<span class=\"_ _6\"/>53)</span>Addition t<span class=\"_ _5\"/>o (utilization of) other (sta<span class=\"_ _5\"/>tutory) reserves<span class=\"_ _1d9\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - </span>Issuance of<span class=\"_ _5\"/> shares<span class=\"_ _2f3\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - </span>Cancella<span class=\"_ _5\"/>tion of shar<span class=\"_ _5\"/>es<span class=\"_ _22a\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _1b1\"> </span> - <span class=\"_ _9d\"> </span> - </span>Share-based compensation,<span class=\"_ _b\"/> net o<span class=\"_ _5\"/>f income tax<span class=\"_ _5\"/>es<span class=\"_ _2a1\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _205\"> </span></span> 8<span class=\"_ _6\"/>,568<span class=\"_ _6\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _205\"> </span></span> 8,56<span class=\"_ _6\"/>8 Purchase of<span class=\"_ _5\"/> own shares<span class=\"_ _8a\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - </span>Share options e<span class=\"_ _5\"/>xercised<span class=\"_ _7e\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _19c\"> </span></span> 1<span class=\"_ _5\"/>,251 <span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _3a\"> </span></span> 1,25<span class=\"_ _5\"/>1 T<span class=\"_ _b\"/>otal transactions with owners of<span class=\"_ _5\"/> the Company<span class=\"_ _2ac\"> </span> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _9d\"> </span> - <span class=\"_ _46\"> </span><span class=\"lsf0 ws15c\"> 6<span class=\"_ _6\"/>1,6<span class=\"_ _7\"/>47 <span class=\"_ _d3\"> </span></span><span class=\"ws1\"> (167<span class=\"_ _5\"/>,8<span class=\"_ _6\"/>81)<span class=\"_ _39\"> </span> (10<span class=\"_ _6\"/>6,23<span class=\"_ _6\"/>4)</span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _299\"> </span> 1,8<span class=\"_ _6\"/>0<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _db\"> </span> 372<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>6<span class=\"_ _6\"/>0 <span class=\"_ _83\"> </span><span class=\"ls144 ws189\"> 778 <span class=\"_ _49\"> </span></span> (46<span class=\"_ _6\"/>,036)<span class=\"_ _170\"> </span> 9,59<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _de\"> </span> 5<span class=\"_ _6\"/>6<span class=\"_ _7\"/>7,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>2<span class=\"_ _7\"/>8<span class=\"_ _7\"/> <span class=\"_ _d6\"> </span><span class=\"ls118 ws10e\"> 13<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>53<span class=\"_ _6\"/>0<span class=\"_ _7\"/> <span class=\"_ _c3\"> </span></span> 1,04<span class=\"_ _5\"/>1,359The t<span class=\"_ _5\"/>otal L<span class=\"_ _5\"/>egal reserves include <span class=\"_ _5\"/>the Hedging reserve,<span class=\"_ _b\"/> T<span class=\"_ _b\"/>ranslation reserve and Other<span class=\"_ _5\"/> legal reserves and are non-distributable<span class=\"_ _5\"/>.<span class=\"_ _5\"/> The o<span class=\"_ _5\"/>ther lega<span class=\"_ _5\"/>l reserves relat<span class=\"_ _5\"/>e t<span class=\"_ _5\"/>o earnings retained by<span class=\"_ _5\"/> subsidiaries,<span class=\"_ _b\"/> associates and joint <span class=\"_ _5\"/>ventures,<span class=\"_ _0\"/> as well as in<span class=\"_ _5\"/>ternal<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> developed so<span class=\"_ _5\"/>ftware.<span class=\"_ _0\"/> F<span class=\"_ _5\"/>or inf<span class=\"_ _5\"/>ormation on shares pur<span class=\"_ _5\"/>chased to c<span class=\"_ _5\"/>over <span class=\"_ _5\"/>the Company\u2019s op<span class=\"_ _5\"/>tion plans,<span class=\"_ _b\"/> see note 2<span class=\"_ _5\"/>6 t<span class=\"_ _5\"/>o the Consolida<span class=\"_ _5\"/>ted financial sta<span class=\"_ _5\"/>tements.47 Pro<span class=\"_ _5\"/>visionsIn \u20ac thousands<span class=\"_ _226\"> </span><span class=\"ff1 fc1 ls7a ws82\">2022<span class=\"_ _133\"> </span><span class=\"fc6 lsc2 wsd7\">2<span class=\"_ _6\"/>021</span></span>Balance a<span class=\"_ _5\"/>t 1 January<span class=\"_ _1ed\"> </span><span class=\"ls117 ws12a\"> 21,28<span class=\"_ _6\"/>4<span class=\"_ _6\"/> <span class=\"_ _a0\"> </span><span class=\"ls147 ws172\"> 2<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>9<span class=\"_ _7\"/>6<span class=\"_ _6\"/>2<span class=\"_ _7\"/> </span></span>Additions<span class=\"_ _1e7\"> </span><span class=\"ls3 ws137\"> 1,<span class=\"_ _5\"/>530 <span class=\"_ _83\"> </span><span class=\"lsfa ws43\"> 429 </span></span>Deductions because of use<span class=\"_ _283\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _19a\"> </span></span> (5,81<span class=\"_ _5\"/>2)Release o<span class=\"_ _5\"/>f unused amounts<span class=\"_ _115\"> </span> (7<span class=\"_ _0\"/>,3<span class=\"_ _6\"/>4<span class=\"_ _5\"/>1)<span class=\"_ _38\"> </span> (1,295)Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _11c\"> </span> 1<span class=\"_ _5\"/>5,473 <span class=\"_ _18a\"> </span><span class=\"ls117 ws12a\"> 21,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>8<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span>Current<span class=\"_ _2dd\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>6<span class=\"_ _6\"/>0<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _176\"> </span><span class=\"ls14a ws137\"> - </span></span>Non-current<span class=\"_ _245\"> </span><span class=\"lsee ws11e\"> 13<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>6<span class=\"_ _7\"/>8<span class=\"_ _6\"/> <span class=\"_ _71\"> </span><span class=\"lsef ws11c\"> 2<span class=\"_ _6\"/>1,2<span class=\"_ _6\"/>8<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span></span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _2f4\"> </span><span class=\"ls9d ws1\"> 15,4<span class=\"_ _5\"/>73 <span class=\"_ _71\"> </span><span class=\"ls117 ws12a\"> 21,2<span class=\"_ _6\"/>8<span class=\"_ _6\"/>4<span class=\"_ _6\"/> </span></span>The provisions o<span class=\"_ _5\"/>f Ar<span class=\"_ _5\"/>cadis NV a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 rela<span class=\"_ _5\"/>te t<span class=\"_ _b\"/>o a provision f<span class=\"_ _5\"/>or negativ<span class=\"_ _5\"/>e equity of<span class=\"_ _5\"/> a direct subsidiary of<span class=\"_ _5\"/> the Company<span class=\"_ _0\"/>,<span class=\"_ _5\"/> in accor<span class=\"_ _5\"/>dance with article 2:403 para<span class=\"_ _5\"/>graph 1 of<span class=\"_ _5\"/> the Dut<span class=\"_ _5\"/>ch Civil Code amount<span class=\"_ _5\"/>ed to \u20ac1<span class=\"_ _b\"/>3.8 million.<span class=\"_ _b\"/> (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac21<span class=\"_ _b\"/>.2 million).<span class=\"_ _5\"/> A<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 2<span class=\"_ _5\"/>022 the r<span class=\"_ _5\"/>estructuring provision amount<span class=\"_ _5\"/>ed to \u20ac1<span class=\"_ _b\"/>.6 million.<span class=\"_ _b\"/> (2021<span class=\"_ _b\"/>: \u20ac0.1 million).<span class=\"_ _b\"/> At<span class=\"_ _5\"/> 31 Dec<span class=\"_ _5\"/>ember 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> other pro<span class=\"_ _5\"/>vision amounted <span class=\"_ _5\"/>to \u20ac0.1 million.<span class=\"_ _b\"/> (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: nil).48 <span class=\"_ _2\"> </span>Def<span class=\"_ _5\"/>erred tax asse<span class=\"_ _5\"/>ts and liabilitiesDeferr<span class=\"_ _5\"/>ed tax Deferr<span class=\"_ _5\"/>ed tax In \u20ac thousandsassetsliabilitiesTo<span class=\"_ _6\"/>t<span class=\"_ _6\"/>a<span class=\"_ _7\"/>lBalance a<span class=\"_ _5\"/>t 1 January 2021 1,6<span class=\"_ _6\"/>95<span class=\"_ _6\"/> <span class=\"_ _176\"> </span><span class=\"ff2 ls14a ws137\"> - <span class=\"_ _205\"> </span></span> 1,6<span class=\"_ _6\"/>9<span class=\"_ _6\"/>5<span class=\"_ _6\"/> Additions/ deductions<span class=\"_ _1ff\"> </span> (1,695)<span class=\"_ _46\"> </span> (2,901<span class=\"_ _5\"/>)<span class=\"_ _38\"> </span> (4,596)Changes recognized dir<span class=\"_ _5\"/>ectly in equity<span class=\"_ _b\"/>/ O<span class=\"_ _6\"/>CI<span class=\"_ _2f5\"> </span><span class=\"ls14a ws137\"> - </span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2021- <span class=\"_ _57\"> </span><span class=\"ls9d ws1\"> (2,9<span class=\"_ _6\"/>01)<span class=\"_ _a0\"> </span> (2<span class=\"_ _6\"/>,9<span class=\"_ _6\"/>01)</span>Additions/ deductions<span class=\"_ _249\"> </span> - <span class=\"_ _101\"> </span><span class=\"ls57 ws164\"> (20<span class=\"_ _6\"/>4)<span class=\"_ _4b\"> </span> (20<span class=\"_ _6\"/>4)</span>Changes recognized dir<span class=\"_ _5\"/>ectly in equity<span class=\"_ _b\"/>/ O<span class=\"_ _6\"/>CI<span class=\"_ _92\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _1bb\"> </span> - <span class=\"_ _9d\"> </span> - </span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _11d\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _57\"> </span></span> (3,105<span class=\"_ _6\"/>)<span class=\"_ _13e\"> </span> (3,105)49 <span class=\"_ _2\"> </span>Long-t<span class=\"_ _b\"/>erm debtLoan no<span class=\"_ _5\"/>tes issued Loans from group to financial In \u20ac thousandscompaniesinstitutionsTo<span class=\"_ _6\"/>t<span class=\"_ _6\"/>a<span class=\"_ _7\"/>lBalance a<span class=\"_ _5\"/>t 1 January 2021 <span class=\"_ _2f6\"> </span><span class=\"ls117 ws134\">214,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>31<span class=\"_ _54\"> </span></span><span class=\"wsac\">273,9<span class=\"_ _6\"/>98<span class=\"_ _48\"> </span>4<span class=\"_ _6\"/>8<span class=\"_ _6\"/>8<span class=\"_ _6\"/>,029 </span>New financing<span class=\"_ _293\"> </span><span class=\"lsf0 ws10c\">24,<span class=\"_ _6\"/>4<span class=\"_ _6\"/>56<span class=\"_ _2d\"> </span><span class=\"ls3 ws1\">-<span class=\"_ _51\"> </span></span>24<span class=\"_ _6\"/>,4<span class=\"_ _6\"/>56</span>Redemp<span class=\"_ _5\"/>tions<span class=\"_ _240\"> </span>(58<span class=\"_ _6\"/>,231<span class=\"_ _5\"/>)<span class=\"_ _54\"> </span>(38,270)<span class=\"_ _48\"> </span>(9<span class=\"_ _6\"/>6,501)From l<span class=\"_ _5\"/>ong-term t<span class=\"_ _5\"/>o short-term<span class=\"_ _216\"> </span><span class=\"ls3\">-<span class=\"_ _38\"> </span></span><span class=\"wsac\">(89,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0)<span class=\"_ _37\"> </span>(8<span class=\"_ _6\"/>9,0<span class=\"_ _6\"/>0<span class=\"_ _6\"/>0)</span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _17c\"> </span><span class=\"lsf9 ws115\">12<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>14<span class=\"_ _42\"> </span></span><span class=\"ls3\">-<span class=\"_ _1ae\"> </span><span class=\"lsf9 ws115\">12<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>14</span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2021 <span class=\"_ _23f\"> </span>192,570<span class=\"_ _54\"> </span><span class=\"ls118 ws135\">14<span class=\"_ _7\"/>6<span class=\"_ _6\"/>,<span class=\"_ _6\"/>7<span class=\"_ _6\"/>2<span class=\"_ _6\"/>8<span class=\"_ _29\"> </span><span class=\"ls15c ws189\">339<span class=\"_ _5\"/>,298</span></span>Loan no<span class=\"_ _5\"/>tes issued Loans from group to financial In \u20ac thousandscompaniesinstitutionsTo<span class=\"_ _6\"/>t<span class=\"_ _6\"/>a<span class=\"_ _7\"/>lBalance a<span class=\"_ _5\"/>t 1 January 2022 <span class=\"_ _2f6\"> </span>1<span class=\"_ _5\"/>92<span class=\"_ _6\"/>,570<span class=\"_ _54\"> </span><span class=\"ls118 ws135\">14<span class=\"_ _6\"/>6<span class=\"_ _7\"/>,7<span class=\"_ _6\"/>2<span class=\"_ _6\"/>8<span class=\"_ _29\"> </span><span class=\"ls15c ws189\">339,298</span></span>New financing<span class=\"_ _2f7\"> </span><span class=\"lsee ws10a\">213<span class=\"_ _6\"/>,<span class=\"_ _6\"/>9<span class=\"_ _6\"/>14<span class=\"_ _38\"> </span></span><span class=\"wsac\">74<span class=\"_ _5\"/>7<span class=\"_ _b\"/>,277<span class=\"_ _18a\"> </span><span class=\"ls12d ws14f\">9<span class=\"_ _6\"/>61<span class=\"_ _6\"/>,19<span class=\"_ _6\"/>1</span></span>Redemp<span class=\"_ _5\"/>tions<span class=\"_ _197\"> </span>(134,7<span class=\"_ _b\"/>43)<span class=\"_ _9d\"> </span><span class=\"ls3 ws1\">-<span class=\"_ _194\"> </span></span>(1<span class=\"_ _5\"/>34<span class=\"_ _6\"/>,7<span class=\"_ _5\"/>43)From l<span class=\"_ _5\"/>ong-term t<span class=\"_ _5\"/>o short-term<span class=\"_ _216\"> </span><span class=\"ls3\">-<span class=\"_ _46\"> </span></span><span class=\"wsac\">(15,386<span class=\"_ _6\"/>)<span class=\"_ _48\"> </span>(15,386<span class=\"_ _6\"/>)</span>Exchange ra<span class=\"_ _5\"/>te differ<span class=\"_ _5\"/>ences<span class=\"_ _106\"> </span><span class=\"wsac\">(2,352)<span class=\"_ _a1\"> </span></span><span class=\"ls3\">-<span class=\"_ _57\"> </span></span><span class=\"wsac\">(2,352)</span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _5\"/> 2022<span class=\"_ _6\"/> <span class=\"_ _2f8\"> </span><span class=\"wsac\">269,3<span class=\"_ _6\"/>89<span class=\"_ _29\"> </span><span class=\"ls159 ws1a6\">8<span class=\"_ _6\"/>78<span class=\"_ _6\"/>,<span class=\"_ _6\"/>619<span class=\"_ _6\"/> <span class=\"_ _d2\"> </span></span>1,148<span class=\"_ _6\"/>,0<span class=\"_ _6\"/>08<span class=\"_ _6\"/> </span>During 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> an amount of<span class=\"_ _5\"/> \u20ac1<span class=\"_ _5\"/>5 million has been reclassified t<span class=\"_ _5\"/>o shor<span class=\"_ _6\"/>t-t<span class=\"_ _b\"/>erm.<span class=\"_ _5\"/> The loan no<span class=\"_ _5\"/>tes issued t<span class=\"_ _5\"/>o financial institutions are a<span class=\"_ _5\"/>ll due within <span class=\"_ _5\"/>five years.Please re<span class=\"_ _5\"/>fer <span class=\"_ _5\"/>to no<span class=\"_ _5\"/>te 30 f<span class=\"_ _5\"/>or more de<span class=\"_ _5\"/>tail on the long-<span class=\"_ _5\"/>term deb<span class=\"_ _5\"/>ts at c<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed level.50 <span class=\"_ _2\"> </span>Current<span class=\"_ _5\"/> liabilitiesIn \u20ac thousands<span class=\"_ _226\"> </span><span class=\"ff1 fc1 ls7a ws82\">2022<span class=\"_ _133\"> </span><span class=\"fc6 lsc2 wsd7\">2<span class=\"_ _6\"/>021</span></span>Suppliers<span class=\"_ _2ab\"> </span><span class=\"ls10e ws104\">11,<span class=\"_ _7\"/>3<span class=\"_ _6\"/>5<span class=\"_ _6\"/>6<span class=\"_ _19c\"> </span><span class=\"lsf2 ws148\"> 6,<span class=\"_ _6\"/>727<span class=\"_ _6\"/> </span></span>Payabl<span class=\"_ _5\"/>es to gr<span class=\"_ _5\"/>oup companies<span class=\"_ _11b\"> </span><span class=\"ls6f ws77\">4<span class=\"_ _6\"/>8<span class=\"_ _6\"/>0,3<span class=\"_ _6\"/>55<span class=\"_ _48\"> </span><span class=\"ls10e ws111\"> 511<span class=\"_ _6\"/>,<span class=\"_ _7\"/>0<span class=\"_ _7\"/>8<span class=\"_ _6\"/>2<span class=\"_ _7\"/> </span></span>Other liabilities<span class=\"_ _1a8\"> </span><span class=\"ls47 ws43\">45,365 <span class=\"_ _71\"> </span><span class=\"lsf0 ws15c\"> 24<span class=\"_ _6\"/>,9<span class=\"_ _6\"/>35<span class=\"_ _6\"/> </span></span>Balance a<span class=\"_ _5\"/>t 31 December<span class=\"_ _1cc\"> </span><span class=\"ls147 ws163\">5<span class=\"_ _7\"/>3<span class=\"_ _6\"/>7,<span class=\"_ _6\"/>0<span class=\"_ _7\"/>7<span class=\"_ _6\"/>6<span class=\"_ _37\"> </span></span> 542,744 The pay<span class=\"_ _5\"/>ables t<span class=\"_ _5\"/>o group companies mainl<span class=\"_ _5\"/>y rela<span class=\"_ _b\"/>te t<span class=\"_ _5\"/>o the int<span class=\"_ _5\"/>ernal cash pool.<span class=\"_ _5\"/> Ref<span class=\"_ _5\"/>er <span class=\"_ _5\"/>to no<span class=\"_ _5\"/>te 30 and 32 <span class=\"_ _5\"/>to the Consolida<span class=\"_ _5\"/>ted financial s<span class=\"_ _5\"/>tat<span class=\"_ _5\"/>ements f<span class=\"_ _5\"/>or further in<span class=\"_ _5\"/>forma<span class=\"_ _5\"/>tion on Arcadis<span class=\"_ _5\"/>\u2019<span class=\"_ _b\"/> lines of credit.The increase o<span class=\"_ _5\"/>f other<span class=\"_ _5\"/> liabilities is mainly<span class=\"_ _5\"/> rela<span class=\"_ _5\"/>ted t<span class=\"_ _5\"/>o accrued bonusses and a<span class=\"_ _5\"/>dvisor<span class=\"_ _6\"/>y cos<span class=\"_ _5\"/>ts.51 <span class=\"_ _2\"> </span>Commitments and c<span class=\"_ _5\"/>ontingent<span class=\"_ _5\"/> liabilitiesCommitmen<span class=\"_ _5\"/>ts and contingent<span class=\"_ _5\"/> liabilitiesAs parent c<span class=\"_ _5\"/>ompany o<span class=\"_ _5\"/>f the <span class=\"_ _5\"/>fiscal unity in the Ne<span class=\"_ _5\"/>therlands,<span class=\"_ _5\"/> the C<span class=\"_ _5\"/>ompany is sev<span class=\"_ _5\"/>erall<span class=\"_ _b\"/>y liable f<span class=\"_ _5\"/>or the c<span class=\"_ _5\"/>orporat<span class=\"_ _5\"/>e income tax and val<span class=\"_ _5\"/>ue added tax liabilities <span class=\"_ _6\"/>of the fiscal unity<span class=\"_ _b\"/>.<span class=\"_ _b\"/> The <span class=\"_ _6\"/>companies that<span class=\"_ _5\"/> form part of the Ar<span class=\"_ _5\"/>cadis NV <span class=\"_ _5\"/>tax group acc<span class=\"_ _5\"/>ount f<span class=\"_ _b\"/>or their <span class=\"_ _5\"/>tax position based on their o<span class=\"_ _5\"/>wn taxable resul<span class=\"_ _b\"/>t.<span class=\"_ _5\"/> The tax char<span class=\"_ _5\"/>ge is settled with the Company based on the finalized tax return.A<span class=\"_ _5\"/>t the end o<span class=\"_ _5\"/>f 202<span class=\"_ _5\"/>2,<span class=\"_ _b\"/> the Company<span class=\"_ _5\"/> had commitments <span class=\"_ _5\"/>for r<span class=\"_ _5\"/>ent and l<span class=\"_ _5\"/>ease obligations tha<span class=\"_ _5\"/>t are e<span class=\"_ _5\"/>xemp<span class=\"_ _5\"/>ted from IFRS1<span class=\"_ _5\"/>6 (short-term and/<span class=\"_ _b\"/>or lo<span class=\"_ _5\"/>w va<span class=\"_ _5\"/>lue leases) amounting <span class=\"_ _5\"/>to \u20ac1<span class=\"_ _b\"/>.5 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: nil).<span class=\"_ _5\"/> Additional<span class=\"_ _5\"/>ly<span class=\"_ _0\"/>,<span class=\"_ _5\"/> the Company<span class=\"_ _5\"/> enter<span class=\"_ _5\"/>ed into l<span class=\"_ _5\"/>ong-t<span class=\"_ _5\"/>erm ser<span class=\"_ _6\"/>vice commitments r<span class=\"_ _5\"/>elating <span class=\"_ _5\"/>to a globa<span class=\"_ _5\"/>l IT outsourcing con<span class=\"_ _5\"/>tract o<span class=\"_ _5\"/>f \u20ac1<span class=\"_ _5\"/>.0 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac8.3 million).Guarant<span class=\"_ _b\"/>ees &amp; shor<span class=\"_ _6\"/>t-t<span class=\"_ _5\"/>erm fa<span class=\"_ _5\"/>cilitiesThe Company<span class=\"_ _5\"/> has pledged a limited number<span class=\"_ _5\"/> of<span class=\"_ _5\"/> guarant<span class=\"_ _5\"/>ees for<span class=\"_ _5\"/> the short-t<span class=\"_ _5\"/>erm credit and guar<span class=\"_ _5\"/>antee facilities <span class=\"_ _5\"/>that ar<span class=\"_ _5\"/>e availabl<span class=\"_ _5\"/>e f<span class=\"_ _5\"/>or use t<span class=\"_ _5\"/>o its operating c<span class=\"_ _5\"/>ompanies.<span class=\"_ _b\"/> The to<span class=\"_ _5\"/>tal amount<span class=\"_ _5\"/> availabl<span class=\"_ _5\"/>e under these facilities is \u20ac1<span class=\"_ _b\"/>9<span class=\"_ _6\"/>6.2 million of<span class=\"_ _5\"/> which \u20ac4<span class=\"_ _b\"/>1.3 million is used a<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22 (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac1<span class=\"_ _5\"/>63.7 million of<span class=\"_ _5\"/> which \u20ac42<span class=\"_ _5\"/>.1 million was used).<span class=\"_ _0\"/> In addition to <span class=\"_ _5\"/>this amount,<span class=\"_ _b\"/> the Company<span class=\"_ _5\"/> has corpora<span class=\"_ _5\"/>te guaran<span class=\"_ _5\"/>tees <span class=\"_ _5\"/>for an amount o<span class=\"_ _b\"/>f \u20ac1<span class=\"_ _5\"/>77<span class=\"_ _0\"/>.6 million availabl<span class=\"_ _5\"/>e (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac16<span class=\"_ _5\"/>3.0 million).F<span class=\"_ _5\"/>or an overview o<span class=\"_ _5\"/>f al<span class=\"_ _5\"/>l off-ba<span class=\"_ _5\"/>lance sheet guar<span class=\"_ _5\"/>antees pr<span class=\"_ _5\"/>ovided by either<span class=\"_ _5\"/> Arca<span class=\"_ _5\"/>dis NV or its subsidiaries see not<span class=\"_ _5\"/>e 33 to the Consolida<span class=\"_ _5\"/>ted financial sta<span class=\"_ _5\"/>tements.52 <span class=\"_ _2\"> </span>Remunera<span class=\"_ _b\"/>tion of EB and SB membersRemunera<span class=\"_ _b\"/>tion of Ex<span class=\"_ _5\"/>ecutive Board membersIn 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> an amount of<span class=\"_ _5\"/> \u20ac4.4 million (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac3.4 million) w<span class=\"_ _5\"/>as charged t<span class=\"_ _5\"/>o the Compan<span class=\"_ _5\"/>y f<span class=\"_ _5\"/>or remuner<span class=\"_ _5\"/>ation of<span class=\"_ _5\"/> the current<span class=\"_ _5\"/> and f<span class=\"_ _5\"/>ormer Executiv<span class=\"_ _5\"/>e Board members,<span class=\"_ _b\"/> including pension charges,<span class=\"_ _b\"/> the L<span class=\"_ _0\"/>TIP e<span class=\"_ _5\"/>xpense and fringe benefits.As reflected in <span class=\"_ _5\"/>the <span class=\"_ _5\"/>\u2018Remunera<span class=\"_ _b\"/>tion repor<span class=\"_ _6\"/>t\u2019<span class=\"_ _b\"/> and the table on next<span class=\"_ _5\"/> page,<span class=\"_ _0\"/> a number of 3<span class=\"_ _5\"/>3,653 c<span class=\"_ _5\"/>onditional (performance) shares <span class=\"_ _5\"/>were gran<span class=\"_ _5\"/>ted t<span class=\"_ _b\"/>o Executive Board members as <span class=\"_ _5\"/>variable remuner<span class=\"_ _5\"/>ation (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: 4<span class=\"_ _6\"/>0,6<span class=\"_ _6\"/>4<span class=\"_ _5\"/>7).F<span class=\"_ _5\"/>or an explana<span class=\"_ _5\"/>tion of <span class=\"_ _5\"/>the Remunera<span class=\"_ _5\"/>tion Policy<span class=\"_ _b\"/>,<span class=\"_ _5\"/> see the <span class=\"_ _b\"/>\u2018Remunera<span class=\"_ _5\"/>tion Report\u2019<span class=\"_ _b\"/> included in this report on pages 1<span class=\"_ _b\"/>5<span class=\"_ _6\"/>4 t<span class=\"_ _5\"/>o 164.Overview o<span class=\"_ _5\"/>f remunera<span class=\"_ _b\"/>tion of Ex<span class=\"_ _5\"/>ecutive Board members in 2022Conditional <span class=\"_ _1\"/><span class=\"ls3 ws1\"> </span>(performance) sharesPension L<span class=\"_ _0\"/>TIP <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Fringe <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>To<span class=\"_ _6\"/>t<span class=\"_ _6\"/>a<span class=\"_ _7\"/>l<span class=\"_ _6\"/><span class=\"ls3 ws1\"> </span> 1 2benefits2022Number<span class=\"_ _54\"> </span><span class=\"ls10d ws12b\">V<span class=\"_ _b\"/>alu<span class=\"_ _6\"/>e</span>In \u20ac thousands<span class=\"_ _1f5\"> </span><span class=\"fs7b fc1 ls9d wsac\">Salary<span class=\"_ _194\"> </span>Bonus</span>compensation<span class=\"_ _39\"> </span>PensionexpensePet<span class=\"_ _5\"/>er Oost<span class=\"_ _5\"/>er<span class=\"_ _6\"/>veer<span class=\"_ _2f9\"> </span>680<span class=\"_ _205\"> </span>51<span class=\"_ _6\"/>8<span class=\"_ _111\"> </span>16<span class=\"_ _6\"/>5<span class=\"_ _109\"> </span><span class=\"ls102 ws11e\">19<span class=\"_ _71\"> </span></span>1,<span class=\"_ _6\"/>39<span class=\"_ _6\"/>2<span class=\"_ _109\"> </span>58<span class=\"_ _29\"> </span>2,8<span class=\"_ _6\"/>32<span class=\"_ _54\"> </span><span class=\"ls2 ws12a\">20,35<span class=\"_ _6\"/>0<span class=\"_ _a6\"> </span><span class=\"ls10e ws104\">7<span class=\"_ _6\"/>1<span class=\"_ _6\"/>6<span class=\"_ _7\"/>,<span class=\"_ _6\"/>11<span class=\"_ _6\"/>7</span></span>Virginie Dupera<span class=\"_ _5\"/>t\u2013<span class=\"_ _5\"/>V<span class=\"_ _5\"/>ergne <span class=\"_ _2d3\"> </span>489<span class=\"_ _56\"> </span>372<span class=\"_ _109\"> </span>72<span class=\"_ _109\"> </span>19<span class=\"_ _111\"> </span>3<span class=\"_ _6\"/>71<span class=\"_ _205\"> </span>267<span class=\"_ _71\"> </span>1,<span class=\"_ _6\"/>591<span class=\"_ _29\"> </span><span class=\"lsee ws10a\">13<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _7\"/>03<span class=\"_ _39\"> </span>4<span class=\"_ _6\"/>6<span class=\"_ _7\"/>8<span class=\"_ _6\"/>,<span class=\"_ _6\"/>13<span class=\"_ _6\"/>3</span>T<span class=\"_ _b\"/>otal current<span class=\"_ _5\"/> Board members<span class=\"_ _1ea\"> </span>1,16<span class=\"_ _6\"/>9<span class=\"_ _1ae\"> </span>89<span class=\"_ _6\"/>0<span class=\"_ _56\"> </span>237<span class=\"_ _109\"> </span>38<span class=\"_ _29\"> </span>1,76<span class=\"_ _6\"/>4<span class=\"_ _111\"> </span><span class=\"ls144 ws16f\">325<span class=\"_ _29\"> </span></span><span class=\"wsac\">4,423<span class=\"_ _54\"> </span><span class=\"lsff ws11b\">33,6<span class=\"_ _6\"/>53<span class=\"_ _b7\"> </span></span>1,184<span class=\"_ _6\"/>,250</span>1 The L<span class=\"_ _b\"/>TIP expense rela<span class=\"_ _5\"/>tes to <span class=\"_ _5\"/>the charge to <span class=\"_ _5\"/>the Income statemen<span class=\"_ _5\"/>t in the year<span class=\"_ _5\"/> based on the plans granted in <span class=\"_ _5\"/>the preceding 36 months <span class=\"_ _14c\"> </span> <span class=\"_ _38\"> </span> <span class=\"_ _38\"> </span> <span class=\"_ _38\"> </span> <span class=\"_ _38\"> </span> <span class=\"_ _38\"> </span> <span class=\"_ _13e\"> </span> 2 This amount is char<span class=\"_ _5\"/>ged over a three-<span class=\"_ _5\"/>year period t<span class=\"_ _5\"/>o the Company\u2019s income sta<span class=\"_ _5\"/>tement and onl<span class=\"_ _5\"/>y includes the e<span class=\"_ _5\"/>xpense for gran<span class=\"_ _5\"/>ts received in the capacity<span class=\"_ _5\"/> of Executiv<span class=\"_ _5\"/>e Board memberThe fringe benefits o<span class=\"_ _5\"/>f current<span class=\"_ _5\"/> board members o<span class=\"_ _5\"/>f \u20ac0.3 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac0.3 million) include a represen<span class=\"_ _5\"/>tation and expense al<span class=\"_ _5\"/>lowanc<span class=\"_ _5\"/>e,<span class=\"_ _b\"/> a car all<span class=\"_ _5\"/>owance<span class=\"_ _5\"/>,<span class=\"_ _b\"/> social security premium (o<span class=\"_ _5\"/>f which \u20ac0.2 million in F<span class=\"_ _5\"/>rance) and heal<span class=\"_ _5\"/>th and disability insuranc<span class=\"_ _5\"/>e.<span class=\"_ _b\"/> Overview o<span class=\"_ _5\"/>f remunera<span class=\"_ _b\"/>tion of Ex<span class=\"_ _5\"/>ecutive Board members in 202<span class=\"_ _5\"/>1The next <span class=\"_ _5\"/>table includes al<span class=\"_ _5\"/>l remunera<span class=\"_ _5\"/>tion tha<span class=\"_ _5\"/>t has been expensed during 20<span class=\"_ _5\"/>21 and <span class=\"_ _5\"/>which was rec<span class=\"_ _5\"/>eived in the capacity o<span class=\"_ _b\"/>f Executive Boar<span class=\"_ _5\"/>d membership.<span class=\"_ _b\"/> Conditional <span class=\"_ _1\"/><span class=\"ls3 ws1\"> </span>(performance) sharesPension L<span class=\"_ _0\"/>TIP <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>Fringe <span class=\"_ _9\"/><span class=\"ls3 ws1\"> </span>To<span class=\"_ _6\"/>t<span class=\"_ _6\"/>a<span class=\"_ _7\"/>l<span class=\"_ _6\"/> <span class=\"_ _3\"/><span class=\"ls3 ws1\"> </span> 1 2benefits20<span class=\"_ _6\"/>21Number<span class=\"_ _54\"> </span><span class=\"ls10d ws12b\">V<span class=\"_ _b\"/>alu<span class=\"_ _6\"/>e</span>In \u20ac thousands<span class=\"_ _1f5\"> </span><span class=\"fs7b fc3 ls9d wsac\">Salary<span class=\"_ _194\"> </span>Bonus</span>compensation<span class=\"_ _39\"> </span>PensionexpensePet<span class=\"_ _5\"/>er Oost<span class=\"_ _5\"/>er<span class=\"_ _6\"/>veer<span class=\"_ _2fa\"> </span> 660 <span class=\"_ _a0\"> </span> 48<span class=\"_ _6\"/>6 <span class=\"_ _51\"> </span> 16<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _19c\"> </span> 19 <span class=\"_ _76\"> </span> 74<span class=\"_ _7\"/>4<span class=\"_ _7\"/> <span class=\"_ _111\"> </span> 62<span class=\"_ _6\"/> <span class=\"_ _49\"> </span> 2,<span class=\"_ _6\"/>131<span class=\"_ _7\"/> <span class=\"_ _db\"> </span><span class=\"lsd2 ws12b\"> 24<span class=\"_ _6\"/>,<span class=\"_ _6\"/>5<span class=\"_ _6\"/>71<span class=\"_ _6\"/> <span class=\"_ _223\"> </span><span class=\"ls119 ws17c\"> 857<span class=\"_ _6\"/> </span></span>Virginie Dupera<span class=\"_ _5\"/>t\u2013<span class=\"_ _5\"/>V<span class=\"_ _5\"/>ergne <span class=\"_ _28f\"> </span> 475<span class=\"_ _6\"/> <span class=\"_ _13e\"> </span> 349 <span class=\"_ _149\"> </span> 69 <span class=\"_ _19c\"> </span><span class=\"ls102 ws11a\"> 19 <span class=\"_ _76\"> </span></span> 16<span class=\"_ _6\"/>0<span class=\"_ _6\"/> <span class=\"_ _223\"> </span><span class=\"ls102 ws11a\"> 19<span class=\"_ _7\"/>0 <span class=\"_ _de\"> </span></span> 1,<span class=\"_ _6\"/>26<span class=\"_ _6\"/>2<span class=\"_ _6\"/> <span class=\"_ _d6\"> </span><span class=\"ls12d ws116\"> 16<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>76<span class=\"_ _6\"/> <span class=\"_ _76\"> </span> 5<span class=\"_ _6\"/>61<span class=\"_ _6\"/> </span>T<span class=\"_ _b\"/>otal current<span class=\"_ _5\"/> Board members<span class=\"_ _299\"> </span> 1,<span class=\"_ _6\"/>13<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _13e\"> </span> 835 <span class=\"_ _170\"> </span> 229<span class=\"_ _6\"/> <span class=\"_ _111\"> </span> 38 <span class=\"_ _46\"> </span> 90<span class=\"_ _6\"/>4 <span class=\"_ _223\"> </span><span class=\"ls2 ws14a\"> 252<span class=\"_ _6\"/> <span class=\"_ _d6\"> </span></span> 3,393<span class=\"_ _6\"/> <span class=\"_ _14c\"> </span><span class=\"ls3 ws137\"> 40,647 <span class=\"_ _de\"> </span><span class=\"lscd ws108\"> 1,<span class=\"_ _6\"/>41<span class=\"_ _6\"/>8<span class=\"_ _6\"/> </span></span>1 The L<span class=\"_ _b\"/>TIP expense relat<span class=\"_ _5\"/>es to the char<span class=\"_ _5\"/>ge to the Income s<span class=\"_ _5\"/>tatement<span class=\"_ _5\"/> in the year based on <span class=\"_ _5\"/>the plans granted in the pr<span class=\"_ _5\"/>eceding 36 months <span class=\"_ _39\"> </span> <span class=\"_ _38\"> </span> <span class=\"_ _38\"> </span> <span class=\"_ _38\"> </span> <span class=\"_ _38\"> </span> <span class=\"_ _13e\"> </span> <span class=\"_ _38\"> </span> 2 This amount is charged o<span class=\"_ _5\"/>ver a three-y<span class=\"_ _5\"/>ear period to <span class=\"_ _5\"/>the Company\u2019s income stat<span class=\"_ _5\"/>ement and onl<span class=\"_ _5\"/>y includes the expense <span class=\"_ _5\"/>for grants r<span class=\"_ _5\"/>eceived in the capacity o<span class=\"_ _5\"/>f Executive Board memberRemunera<span class=\"_ _b\"/>tion of Supervisor<span class=\"_ _6\"/>y Board membersA<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> the Supervisor<span class=\"_ _6\"/>y Board consis<span class=\"_ _5\"/>ted o<span class=\"_ _5\"/>f six members (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: six).<span class=\"_ _5\"/> The joint<span class=\"_ _5\"/> fixed remunera<span class=\"_ _5\"/>tion f<span class=\"_ _5\"/>or 202<span class=\"_ _5\"/>2 amounted <span class=\"_ _5\"/>to \u20ac0.5 million (20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>: \u20ac0.5 million),<span class=\"_ _b\"/> specif<span class=\"_ _6\"/>ied as f<span class=\"_ _5\"/>ollow<span class=\"_ _5\"/>s:In \u20ac thousands<span class=\"_ _226\"> </span><span class=\"ff1 fc1 ls7a ws82\">2022<span class=\"_ _133\"> </span><span class=\"fc6 lsc2 wsd7\">2<span class=\"_ _6\"/>021</span></span>Michiel Lap<span class=\"_ _1d6\"> </span><span class=\"lsec ws108\">101<span class=\"_ _2b9\"> </span><span class=\"lsf2 ws148\"> 70<span class=\"_ _6\"/> </span></span>Michael Putnam <span class=\"_ _2fb\"> </span><span class=\"lsb6 ws16e\"> 82 <span class=\"_ _193\"> </span><span class=\"lsf7 ws17f\"> 74<span class=\"_ _7\"/> </span></span>Deanna Goodwin<span class=\"_ _ee\"> </span><span class=\"ls101 wsac\"> 91 <span class=\"_ _193\"> </span><span class=\"lsb8 ws18f\"> 72 </span></span>Niek Hoek<span class=\"_ _7a\"> </span><span class=\"ls13e ws168\">83<span class=\"_ _133\"> </span><span class=\"lsec ws112\"> 103<span class=\"_ _6\"/> </span></span>1Ruth Markland -<span class=\"_ _2b9\"> </span><span class=\"lsf1 ws166\"> 22 </span>W<span class=\"_ _5\"/>ee Gee Ang<span class=\"_ _6\"/> <span class=\"_ _1d5\"> </span><span class=\"wsac\">77<span class=\"_ _15b\"> </span><span class=\"lsb8 ws18f\"> 65 </span></span> 2Carla Mahieu68<span class=\"_ _160\"> </span><span class=\"ls3 ws137\"> 46 </span>1 Resigned from <span class=\"_ _5\"/>the Supervisor<span class=\"_ _6\"/>y Board on 29 April 20212 Appointed <span class=\"_ _5\"/>to the Supervisory Board on 29 April 202153 <span class=\"_ _2\"> </span>Int<span class=\"_ _5\"/>erests hel<span class=\"_ _5\"/>d by members o<span class=\"_ _b\"/>f the EBThe int<span class=\"_ _5\"/>erests held in <span class=\"_ _5\"/>the share capital o<span class=\"_ _5\"/>f Ar<span class=\"_ _5\"/>cadis NV by<span class=\"_ _5\"/> members of<span class=\"_ _5\"/> the Executiv<span class=\"_ _5\"/>e Board wer<span class=\"_ _5\"/>e:Number of<span class=\"_ _5\"/> shares Arcadis NV Current EB members<span class=\"_ _115\"> </span><span class=\"ff1 fc1\">3<span class=\"_ _5\"/>1 December 2022<span class=\"_ _14b\"> </span><span class=\"fc6\">31 December 2021</span></span>Pet<span class=\"_ _5\"/>er Oost<span class=\"_ _5\"/>er<span class=\"_ _6\"/>veer<span class=\"_ _2da\"> </span><span class=\"lsf9 ws115\">12<span class=\"_ _7\"/>3,<span class=\"_ _7\"/>9<span class=\"_ _6\"/>0<span class=\"_ _7\"/>0<span class=\"_ _8d\"> </span><span class=\"lsef ws10b\">81,<span class=\"_ _6\"/>921</span></span>Virginie Dupera<span class=\"_ _5\"/>t-<span class=\"_ _5\"/>V<span class=\"_ _5\"/>ergne<span class=\"_ _16f\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _9d\"> </span> - </span>Number of<span class=\"_ _5\"/> conditional (performance) shares <span class=\"_ _5\"/>Arcadis NV1Current EB members<span class=\"_ _115\"> </span><span class=\"ff1 fc1\">3<span class=\"_ _5\"/>1 December 2022<span class=\"_ _14b\"> </span><span class=\"fc6\">31 December 2021</span></span>Pet<span class=\"_ _5\"/>er Oost<span class=\"_ _5\"/>er<span class=\"_ _6\"/>veer<span class=\"_ _1dc\"> </span><span class=\"ls127 ws164\">80<span class=\"_ _6\"/>,738<span class=\"_ _54\"> </span><span class=\"ls10e ws111\"> 111,<span class=\"_ _7\"/>4<span class=\"_ _7\"/>4<span class=\"_ _6\"/>3<span class=\"_ _7\"/> </span></span>Virginie Dupera<span class=\"_ _5\"/>t-<span class=\"_ _5\"/>V<span class=\"_ _5\"/>ergne<span class=\"_ _2fc\"> </span><span class=\"ls2 ws12a\">35,23<span class=\"_ _6\"/>8<span class=\"_ _76\"> </span><span class=\"lsef ws11c\"> 21,<span class=\"_ _6\"/>93<span class=\"_ _6\"/>5<span class=\"_ _6\"/> </span></span>1 Amounts are based on granting 1<span class=\"_ _5\"/>0<span class=\"_ _6\"/>0% of the ref<span class=\"_ _5\"/>erence numbers,<span class=\"_ _5\"/> with maximal ext<span class=\"_ _5\"/>ension to 165% (see no<span class=\"_ _5\"/>te 10).<span class=\"_ _b\"/> For the descrip<span class=\"_ _5\"/>tion of the L<span class=\"_ _0\"/>TIP plan, pl<span class=\"_ _5\"/>ease refer <span class=\"_ _5\"/>to the paragraph <span class=\"_ _b\"/>\u2018Long-term v<span class=\"_ _5\"/>ariable remuneration<span class=\"_ _5\"/>\u2019<span class=\"_ _5\"/> on page 159 o<span class=\"_ _5\"/>f this Annual In<span class=\"_ _5\"/>tegrat<span class=\"_ _5\"/>ed Report <span class=\"_ _13b\"> </span> In 2022<span class=\"_ _5\"/>,<span class=\"_ _b\"/> the aggrega<span class=\"_ _5\"/>te numbers o<span class=\"_ _5\"/>f conditional performanc<span class=\"_ _5\"/>e shares held by<span class=\"_ _5\"/> members of <span class=\"_ _5\"/>the Executiv<span class=\"_ _5\"/>e Board are as bel<span class=\"_ _5\"/>ow<span class=\"_ _b\"/>.<span class=\"_ _5\"/> The board members did no<span class=\"_ _5\"/>t hold s<span class=\"_ _5\"/>tock op<span class=\"_ _b\"/>tions in 2022.Share price a<span class=\"_ _5\"/>t Outstanding at<span class=\"_ _5\"/> 1 Increase/(decr<span class=\"_ _5\"/>ease) by Outstanding at <span class=\"_ _1\"/><span class=\"ls3\"> </span>Conditional performanc<span class=\"_ _5\"/>e shares<span class=\"_ _19f\"> </span><span class=\"ff2\">Granted in</span>grant<span class=\"_ _5\"/> date (in \u20ac)January 2022<span class=\"_ _c3\"> </span>Gran<span class=\"_ _5\"/>ted in 2022performance measure<span class=\"_ _dd\"> </span>V<span class=\"_ _5\"/>ested in 2022<span class=\"_ _13f\"> </span>Forfeited in 20<span class=\"_ _5\"/>2231 December<span class=\"_ _5\"/> 2022<span class=\"_ _46\"> </span>V<span class=\"_ _5\"/>esting dat<span class=\"_ _5\"/>ePet<span class=\"_ _5\"/>er Oost<span class=\"_ _5\"/>er<span class=\"_ _6\"/>veer20<span class=\"_ _6\"/>19<span class=\"_ _3b\"> </span>16.9<span class=\"_ _7\"/>0<span class=\"_ _76\"> </span> 51<span class=\"_ _6\"/>,<span class=\"_ _6\"/>0<span class=\"_ _6\"/>5<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _1c9\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _20\"> </span>3<span class=\"_ _6\"/>3,<span class=\"_ _6\"/>18<span class=\"_ _6\"/>6<span class=\"_ _46\"> </span><span class=\"ls9d wsac\">(8<span class=\"_ _6\"/>4,24<span class=\"_ _5\"/>1)<span class=\"_ _16a\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   </span></span>-<span class=\"_ _13b\"> </span><span class=\"fs7b ls9d\">ex-dividend dat<span class=\"_ _5\"/>e 2022</span>2020<span class=\"_ _3b\"> </span><span class=\"ls9d wsac\">1<span class=\"_ _5\"/>2.82<span class=\"_ _76\"> </span><span class=\"lsf5 ws117\"> 3<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>17<span class=\"_ _7\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _58\"> </span></span> 3<span class=\"_ _7\"/>5<span class=\"_ _6\"/>,<span class=\"_ _6\"/>8<span class=\"_ _6\"/>17<span class=\"_ _6\"/> <span class=\"_ _2fd\"> </span></span><span class=\"ws1\">ex<span class=\"_ _5\"/>-dividend date 2023</span></span>20<span class=\"_ _6\"/>21<span class=\"_ _4b\"> </span><span class=\"ls9d wsac\">34.6<span class=\"_ _6\"/>4<span class=\"_ _76\"> </span><span class=\"lsd2 ws12b\"> 24<span class=\"_ _6\"/>,5<span class=\"_ _6\"/>71<span class=\"_ _6\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _58\"> </span></span> 24<span class=\"_ _6\"/>,<span class=\"_ _6\"/>571<span class=\"_ _7\"/> <span class=\"_ _3c\"> </span></span><span class=\"ws1\">ex-dividend da<span class=\"_ _5\"/>te 2024</span></span>2022<span class=\"_ _3b\"> </span>36.92<span class=\"_ _42\"> </span><span class=\"ls3 ws1\">-<span class=\"_ _c8\"> </span><span class=\"ls2 ws12a\">20<span class=\"_ _6\"/>,350<span class=\"_ _69\"> </span></span>-<span class=\"_ _a1\"> </span>-<span class=\"_ _42\"> </span>-<span class=\"_ _53\"> </span><span class=\"ls2 ws12a\">20,35<span class=\"_ _6\"/>0<span class=\"_ _13b\"> </span></span><span class=\"ls9d\">ex<span class=\"_ _5\"/>-dividend date 2025</span></span> 111<span class=\"_ _6\"/>,<span class=\"_ _6\"/>4<span class=\"_ _7\"/>4<span class=\"_ _6\"/>3<span class=\"_ _7\"/> <span class=\"_ _15b\"> </span>20,350<span class=\"_ _16a\"> </span>33<span class=\"_ _6\"/>,18<span class=\"_ _6\"/>6<span class=\"_ _76\"> </span>(<span class=\"_ _6\"/>8<span class=\"_ _6\"/>4<span class=\"_ _7\"/>,2<span class=\"_ _6\"/>41)<span class=\"_ _176\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _53\"> </span><span class=\"ls9d wsac\">80<span class=\"_ _6\"/>,738</span></span>Virginie Dupera<span class=\"_ _5\"/>t-<span class=\"_ _5\"/>V<span class=\"_ _5\"/>ergne2020<span class=\"_ _3b\"> </span><span class=\"ls9d wsac\">1<span class=\"_ _5\"/>2.82<span class=\"_ _111\"> </span><span class=\"ls6f ws13a\"> 5,<span class=\"_ _6\"/>859<span class=\"_ _6\"/> <span class=\"_ _5b\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _c\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _66\"> </span></span> 5,8<span class=\"_ _6\"/>59 <span class=\"_ _3c\"> </span></span><span class=\"ws1\">ex-dividend dat<span class=\"_ _5\"/>e 2023</span></span>20<span class=\"_ _6\"/>21<span class=\"_ _4b\"> </span><span class=\"ls9d wsac\">34.6<span class=\"_ _6\"/>4<span class=\"_ _76\"> </span><span class=\"ls12d ws116\"> 16<span class=\"_ _6\"/>,<span class=\"_ _6\"/>076<span class=\"_ _6\"/> <span class=\"_ _1c9\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _e7\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _58\"> </span></span> 16<span class=\"_ _7\"/>,076<span class=\"_ _7\"/> <span class=\"_ _3c\"> </span></span><span class=\"ws1\">ex-dividend dat<span class=\"_ _5\"/>e 2024</span></span>2022<span class=\"_ _3a\"> </span>3<span class=\"_ _6\"/>6<span class=\"_ _6\"/>.92<span class=\"_ _42\"> </span> <span class=\"_ _4\"> </span>-   <span class=\"_ _176\"> </span><span class=\"lsee ws10a\">13<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>0<span class=\"_ _6\"/>3<span class=\"_ _2cb\"> </span></span> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _4\"> </span>-  <span class=\"_ _6\"/> <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _1b7\"> </span><span class=\"lsee ws10a\">13<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>0<span class=\"_ _6\"/>3<span class=\"_ _289\"> </span><span class=\"ls9d ws1\">ex-dividend da<span class=\"_ _5\"/>te 2025</span></span> 21,9<span class=\"_ _6\"/>35<span class=\"_ _6\"/> <span class=\"_ _2b9\"> </span>13<span class=\"_ _6\"/>,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>0<span class=\"_ _6\"/>3<span class=\"_ _2cb\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _9b\"> </span> <span class=\"_ _c\"> </span>-   <span class=\"_ _53\"> </span><span class=\"ls9d wsac\">35,238</span></span> T<span class=\"_ _b\"/>otal boar<span class=\"_ _5\"/>d members <span class=\"_ _1b8\"> </span> 1<span class=\"_ _5\"/>33,378<span class=\"_ _6\"/> <span class=\"_ _2b9\"> </span>33,<span class=\"_ _6\"/>653<span class=\"_ _13d\"> </span>33<span class=\"_ _6\"/>,18<span class=\"_ _6\"/>6<span class=\"_ _54\"> </span>(<span class=\"_ _6\"/>8<span class=\"_ _6\"/>4<span class=\"_ _6\"/>,<span class=\"_ _6\"/>2<span class=\"_ _6\"/>41)<span class=\"_ _42\"> </span><span class=\"ls14a ws137\"> - <span class=\"_ _3b\"> </span><span class=\"lsfd ws119\">11<span class=\"_ _6\"/>5<span class=\"_ _6\"/>,<span class=\"_ _7\"/>9<span class=\"_ _6\"/>76<span class=\"_ _e1\"> </span></span><span class=\"ls3\">  </span></span>54 <span class=\"_ _2\"> </span>Shares held b<span class=\"_ _5\"/>y members o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>the SBNone of<span class=\"_ _5\"/> the members of<span class=\"_ _5\"/> the Supervisor<span class=\"_ _6\"/>y Board hel<span class=\"_ _5\"/>d Arcadis shar<span class=\"_ _5\"/>es in 2022 and 20<span class=\"_ _5\"/>21<span class=\"_ _b\"/>.55 Emplo<span class=\"_ _5\"/>yeesA<span class=\"_ _5\"/>t 3<span class=\"_ _5\"/>1 December 20<span class=\"_ _5\"/>22,<span class=\"_ _b\"/> Arcadis NV<span class=\"_ _5\"/> had 1<span class=\"_ _5\"/>35 ful<span class=\"_ _5\"/>l-<span class=\"_ _5\"/>time employees on its pa<span class=\"_ _b\"/>yroll (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: 1<span class=\"_ _5\"/>38).<span class=\"_ _b\"/> For<span class=\"_ _5\"/> informa<span class=\"_ _5\"/>tion on share-based remunera<span class=\"_ _5\"/>tion grant<span class=\"_ _5\"/>ed t<span class=\"_ _5\"/>o employees o<span class=\"_ _5\"/>f Ar<span class=\"_ _5\"/>cadis NV<span class=\"_ _b\"/>,<span class=\"_ _b\"/> as meant by<span class=\"_ _5\"/> ar<span class=\"_ _6\"/>ticle 2:383d par<span class=\"_ _5\"/>agraph 1 of<span class=\"_ _5\"/> the Dutch Civil C<span class=\"_ _5\"/>ode,<span class=\"_ _b\"/> see not<span class=\"_ _5\"/>e 10 <span class=\"_ _5\"/>to the C<span class=\"_ _5\"/>onsolidat<span class=\"_ _5\"/>ed financial sta<span class=\"_ _5\"/>temen<span class=\"_ _5\"/>ts.<span class=\"_ _5\"/> Personnel costs f<span class=\"_ _5\"/>or Arca<span class=\"_ _5\"/>dis NV consisted of<span class=\"_ _5\"/> the fol<span class=\"_ _5\"/>lowing:In \u20ac thousands<span class=\"_ _226\"> </span><span class=\"ff1 fc1 ls7a ws82\">2022<span class=\"_ _133\"> </span><span class=\"fc6 lsc2 wsd7\">2<span class=\"_ _6\"/>021</span></span>Salaries and wages<span class=\"_ _1aa\"> </span><span class=\"ls3 ws137\"> 30,02<span class=\"_ _b\"/>7 <span class=\"_ _71\"> </span><span class=\"ls9d ws1\"> 25,938<span class=\"_ _6\"/> </span></span>Social charges<span class=\"_ _2fe\"> </span><span class=\"lsef ws11c\"> 1,9<span class=\"_ _7\"/>0<span class=\"_ _6\"/>9<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span> 1,<span class=\"_ _6\"/>75<span class=\"_ _6\"/>2<span class=\"_ _6\"/> </span>Pension and earl<span class=\"_ _5\"/>y retir<span class=\"_ _5\"/>ement charges<span class=\"_ _20e\"> </span><span class=\"lsf8 wse9\"> 1,7<span class=\"_ _6\"/>51<span class=\"_ _6\"/> <span class=\"_ _8d\"> </span><span class=\"lsef ws11c\"> 1,<span class=\"_ _6\"/>3<span class=\"_ _6\"/>65<span class=\"_ _6\"/> </span></span>Other personnel cos<span class=\"_ _5\"/>ts (mainly in<span class=\"_ _5\"/>tragroup)<span class=\"_ _2ff\"> </span><span class=\"ls12d ws116\"> 82<span class=\"_ _6\"/>,<span class=\"_ _6\"/>76<span class=\"_ _6\"/>5<span class=\"_ _6\"/> <span class=\"_ _38\"> </span><span class=\"lsf2 ws148\"> 37<span class=\"_ _5\"/>,975<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>otal personnel costs<span class=\"_ _1fb\"> </span><span class=\"lsfd ws114\"> 116<span class=\"_ _7\"/>,<span class=\"_ _6\"/>4<span class=\"_ _7\"/>5<span class=\"_ _6\"/>2<span class=\"_ _7\"/> <span class=\"_ _71\"> </span><span class=\"ls147 ws172\"> 6<span class=\"_ _6\"/>7,<span class=\"_ _7\"/>0<span class=\"_ _6\"/>3<span class=\"_ _7\"/>0<span class=\"_ _7\"/> </span></span>The other<span class=\"_ _5\"/> personnel costs include an amoun<span class=\"_ _5\"/>t of<span class=\"_ _5\"/> \u20ac0.2 million of<span class=\"_ _5\"/> paymen<span class=\"_ _5\"/>ts in relation <span class=\"_ _5\"/>to the <span class=\"_ _5\"/>termina<span class=\"_ _5\"/>tion of<span class=\"_ _5\"/> employmen<span class=\"_ _5\"/>t agreemen<span class=\"_ _5\"/>ts (202<span class=\"_ _5\"/>1<span class=\"_ _5\"/>: \u20ac0.2 million).56 <span class=\"_ _2\"> </span>Externa<span class=\"_ _5\"/>l independent audit<span class=\"_ _b\"/>or f<span class=\"_ _b\"/>ees and ser<span class=\"_ _6\"/>vicesIn acc<span class=\"_ _5\"/>ordance with article 2:382<span class=\"_ _5\"/>a of <span class=\"_ _5\"/>the Dutch Civil C<span class=\"_ _5\"/>ode the f<span class=\"_ _5\"/>ollowing <span class=\"_ _5\"/>table details <span class=\"_ _5\"/>the aggrega<span class=\"_ _5\"/>te f<span class=\"_ _5\"/>ees billed b<span class=\"_ _5\"/>y our ext<span class=\"_ _b\"/>ernal independent audit<span class=\"_ _5\"/>or<span class=\"_ _b\"/>,<span class=\"_ _b\"/> Pricewa<span class=\"_ _5\"/>terhouseC<span class=\"_ _5\"/>oopers Accoun<span class=\"_ _5\"/>tants N.<span class=\"_ _b\"/>V<span class=\"_ _b\"/>.<span class=\"_ _7\"/>,<span class=\"_ _b\"/> including the for<span class=\"_ _5\"/>eign offices <span class=\"_ _6\"/>of<span class=\"_ _5\"/> Pricewa<span class=\"_ _5\"/>terhouseCoopers o<span class=\"_ _5\"/>f the last two fiscal y<span class=\"_ _5\"/>ears for v<span class=\"_ _5\"/>arious ser<span class=\"_ _6\"/>vices:T<span class=\"_ _5\"/>ype of services provided (in \u20ac millions)<span class=\"_ _2e2\"> </span><span class=\"ff1 fc1 ls7a ws82\">2022<span class=\"_ _133\"> </span><span class=\"fc6 lsc2 wsd7\">2<span class=\"_ _6\"/>021</span></span>Audit f<span class=\"_ _5\"/>ees<span class=\"_ _1de\"> </span><span class=\"wsac\">4.9<span class=\"_ _ff\"> </span><span class=\"ws1\"> 3.8 </span></span>Audit-rela<span class=\"_ _5\"/>ted f<span class=\"_ _5\"/>ees<span class=\"_ _300\"> </span><span class=\"wsac\">0.3<span class=\"_ _ff\"> </span><span class=\"ws1\"> 0.1<span class=\"_ _6\"/> </span></span>T<span class=\"_ _b\"/>ax fees<span class=\"_ _282\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _7\"/>-   <span class=\"_ _23b\"> </span> <span class=\"_ _c\"> </span>-   </span>Other non-audit f<span class=\"_ _5\"/>ees<span class=\"_ _1da\"> </span><span class=\"ls14a ws176\"> <span class=\"_ _4\"> </span>-   <span class=\"_ _23b\"> </span> <span class=\"_ _c\"> </span>-   </span>To<span class=\"_ _6\"/>t<span class=\"_ _7\"/>a<span class=\"_ _6\"/>l<span class=\"_ _77\"> </span><span class=\"ls9d wsac\">5.2<span class=\"_ _157\"> </span>3.9</span>Audit-rela<span class=\"_ _b\"/>ted f<span class=\"_ _5\"/>ees consist o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>fees f<span class=\"_ _5\"/>or services tha<span class=\"_ _5\"/>t are <span class=\"_ _5\"/>traditional<span class=\"_ _5\"/>ly<span class=\"_ _5\"/> per<span class=\"_ _6\"/>formed b<span class=\"_ _5\"/>y the ext<span class=\"_ _b\"/>ernal independent auditor<span class=\"_ _0\"/>.<span class=\"_ _b\"/> In addition t<span class=\"_ _5\"/>o the sta<span class=\"_ _5\"/>tutory audit o<span class=\"_ _5\"/>f <span class=\"_ _5\"/>Arcadis NV<span class=\"_ _0\"/>,<span class=\"_ _5\"/> Pricewa<span class=\"_ _5\"/>terhouseC<span class=\"_ _5\"/>oopers Accoun<span class=\"_ _5\"/>tants N.<span class=\"_ _0\"/>V<span class=\"_ _5\"/>.<span class=\"_ _b\"/> was engaged by<span class=\"_ _5\"/> the Supervisor<span class=\"_ _6\"/>y Board <span class=\"_ _5\"/>to perform specific agreed upon pr<span class=\"_ _5\"/>ocedures.Of <span class=\"_ _5\"/>the to<span class=\"_ _5\"/>tal f<span class=\"_ _5\"/>ees billed,<span class=\"_ _0\"/> an amount of<span class=\"_ _5\"/> \u20ac1.4 mil<span class=\"_ _5\"/>lion relat<span class=\"_ _5\"/>es t<span class=\"_ _5\"/>o Pricewa<span class=\"_ _5\"/>terhouseC<span class=\"_ _5\"/>oopers Acc<span class=\"_ _5\"/>ountants N.<span class=\"_ _0\"/>V<span class=\"_ _b\"/>.<span class=\"_ _5\"/> (202<span class=\"_ _b\"/>1: \u20ac1<span class=\"_ _5\"/>.2 million) and the r<span class=\"_ _5\"/>emainder t<span class=\"_ _5\"/>o its f<span class=\"_ _5\"/>oreign offices.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:7245000UZH70GO047N03",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}