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"unit": "iso4217:EUR" } }, "f9497": { "value": "2000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:724500FS31OV3Y11N495", "period": "2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f9521": { "value": "25000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:724500FS31OV3Y11N495", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f9526": { "value": "17000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "s7_notes__6__5": { "value": "New Sources Energy N.V.", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__6": { "value": "N.V.", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__10": { "value": "the Netherlands", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__7": { "value": "the Netherlands", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__8": { "value": "the Netherlands", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__9": { "value": "Apollolaan 151, 1077AR Amsterdam, the Netherlands", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__11": { "value": "The Company is a holding company. The main activities of the group of which the Company is the parent are related to investments in renewable energy assets. The activities of the Company and the Group are focussing on the market of the European Union.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__12": { "value": "(c) Going concern The financial statements have been prepared on the basis of the going concern assumption.", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__13": { "value": "2 Basis of preparation (a) Statement of compliance These consolidated financial statements have been prepared in accordance with IFRS Accounting Standards as endorsed by the European Union (EU-IFRS) and with Part 9 of Book 2 of the Dutch Civil Code. The significant accounting policies applied in preparing these consolidated financial statements are set out below. These policies have been consistently applied throughout the period and to each subsidiary within the Group. The consolidated financial statements were authorised for issue by the Board of Directors on 26 April 2024. (b) Basis of measurement The consolidated financial statements have been prepared on the historical cost convention except where stated. (c) Functional and presentation currency These consolidated financial statements are presented in euro, which is the Company\u2019s functional currency. All amounts have been rounded to the nearest thousand, unless otherwise indicated. (d) Use of judgements and estimates In preparing these consolidated financial statements, management has made judgements and estimates about the future, including climate-related risks and opportunities, that affect the application of the Group's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis and are consistent with the Group's risk management and climate-related commitments where appropriate. Revisions to estimates are recognised prospectively. Judgements Information about judgements made in applying accounting policies that have the most significant effect on the amounts recognised in the consolidated financial statements is not included in any notes. Assumptions and estimation uncertainty Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the year ended 31 December 2023 is included in the following notes: Note 6: Other receivables with possible collection risks (e) Changes in material accounting policies There were no changes in material accounting policies. (f) Correction of errors During 2023, the Group decided to correct the deferred tax receivable. As a consequence of not being profitable, the receivable has been overstated. These errors have been corrected by restating each of the affected financial statement line items for prior periods. The following tables summarise the impacts on the Group\u2019s consolidated financial statements. Consolidated statement of financial position 1 January 2022 As previously Adjustments As restated reported \u20ac 1.000 \u20ac 1.000 \u20ac 1.000 Deferred tax assets 88 -88 - Total non-current assets 88 -88 - Reserves required by the Articles of Association -19.002 -88 -19.090 Total equity reserves -19.002 -88 -19.002", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__14": { "value": "(a) Statement of compliance These consolidated financial statements have been prepared in accordance with IFRS Accounting Standards as endorsed by the European Union (EU-IFRS) and with Part 9 of Book 2 of the Dutch Civil Code. The significant accounting policies applied in preparing these consolidated financial statements are set out below. These policies have been consistently applied throughout the period and to each subsidiary within the Group. The consolidated financial statements were authorised for issue by the Board of Directors on 26 April 2024. ", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__15": { "value": "The consolidated financial statements were authorised for issue by the Board of Directors on 26 April 2024.", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__17": { "value": "(c) Functional and presentation currency These consolidated financial statements are presented in euro, which is the Company\u2019s functional currency. All amounts have been rounded to the nearest thousand, unless otherwise indicated.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__16-1": { "value": "(c) Functional and presentation currency These consolidated financial statements are presented in euro, which is the Company\u2019s functional currency. All amounts have been rounded to the nearest thousand, unless otherwise indicated. (d) Use of judgements and estimates In preparing these consolidated financial statements, management has made judgements and estimates about the future, including climate-related risks and opportunities, that affect the application of the Group's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis and are consistent with the Group's risk management and climate-related commitments where appropriate. Revisions to estimates are recognised prospectively. Judgements Information about judgements made in applying accounting policies that have the most significant effect on the amounts recognised in the consolidated financial statements is not included in any notes. Assumptions and estimation uncertainty Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the year ended 31 December 2023 is included in the following notes: Note 6: Other receivables with possible collection risks (e) Changes in material accounting policies There were no changes in material accounting policies. (f) Correction of errors During 2023, the Group decided to correct the deferred tax receivable. As a consequence of not being profitable, the receivable has been overstated. These errors have been corrected by restating each of the affected financial statement line items for prior periods. The following tables summarise the impacts on the Group\u2019s consolidated financial statements. Consolidated statement of financial position 1 January 2022 As previously Adjustments As restated reported \u20ac 1.000 \u20ac 1.000 \u20ac 1.000 Deferred tax assets 88 -88 - Total non-current assets 88 -88 - Reserves required by the Articles of Association -19.002 -88 -19.090 Total equity reserves -19.002 -88 -19.0023 Material accounting policies The Group has consistently applied the following accounting policies to all periods presented in these consolidated financial statements, except if mentioned otherwise. (a) Principles for consolidation (i) Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date on which control commences until the date on which control ceases. Changes in the Group\u2019s interests in subsidiaries that do not result in a loss of control are accounted for as equity transactions. The carrying amount of the Group\u2019s interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference between the amount by which the noncontrolling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity and attributed to the owners of the Company. When the Group loses control of a subsidiary, the gain or loss on disposal recognised in profit or loss is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the previous carrying amount of the assets (including goodwill), less liabilities of the subsidiary and any non-controlling interests. All amounts previously recognised in other comprehensive income in relation to that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary (i.e. reclassified to profit or loss or transferred to another category of equity as required/permitted by applicable IFRS Standards). The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under IFRS 9 when applicable, or the cost on initial recognition of an investment in an associate or a joint venture. (ii) Transaction between entities within the group Transactions and balances between entities forming part of the Group together with any unrealised income and expenses arising from intra-group transactions are eliminated in the preparation of the consolidated financial statements of the Group. Unrealized gains on transactions between Group entities are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. (b) Financial instruments (i) Recognition and initial measurement Trade receivables are initially recognised when they are originated. All other financial assets and financial liabilities are initially recognised when the Group becomes a party to the contractual provisions of the instrument. A financial asset (unless it is a trade receivable without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at Fair Value through Profit and Loss (FVTPL), transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price. (ii) Recognition and initial measurement On initial recognition, a financial asset is classified as measured at: amortised cost; Fair Value through OCI (FVOCI) \u2013 debt investment; FVOCI \u2013 equity investment; or FVTPL. Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL: - it is held within a business model whose objective is to hold assets to collect contractual cash flows; and - its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Financial assets \u2013 Business model assessment The Group makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level because this best reflects the way the business is managed and information is provided to management. Financial assets \u2013 Subsequent measurement and gains and losses Financial assets at amortised cost These assets are subsequently measured at amortised cost using the effective interest method. The amortised cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is recognised in profit or loss. Financial liabilities \u2013 Classification, subsequent measurement and gains and losses Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss. Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. (iii) Derecognition Financial assets The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. If the Group enters into transactions whereby it transfers assets recognised in its statement of financial position, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Financial liabilities The Group derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire. The Group also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognised at fair value. On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. (iv) Offsetting Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Group currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or to realise the asset and settle the liability simultaneously. Share capital Common shares The share capital consists of common shares. Incremental costs directly attributable to the issue of common shares, net of any tax effects, are recognised as a deduction from equity. Income tax relating to transaction costs of an equity transaction is accounted for in accordance with IAS 12. (c) Impairment (i) Financial assets IFRS 9 requires entities to assess on a forward-looking basis the expected credit losses associated with their debt instruments carried at amortised cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. Loss allowances for trade receivables are measured at an amount equal to lifetime ECLs. When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Group\u2019s historical experience and informed credit assessment and including forward-looking information. The Group assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due. The Group considers a financial asset to be in default when: - the borrower is unlikely to pay its credit obligations to the Group in full, without recourse by the Group to actions such as realising security (if any is held); or - the financial asset is more than 90 days past due. Lifetime ECLs are the ECLs that result from all possible default events over the expected life of a financial instrument. 12-month ECLs are the portion of ECLs that result from default events that are possible within the 12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months). The maximum period considered when estimating ECLs is the maximum contractual period over which the Group is exposed to credit risk. The Group\u2019s assets subject to credit risk in the scope of IFRS 9 include, cash and cash equivalents and other receivables. Measurement of ECLs ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the Group in accordance with the contract and the cash flows that the Group expects to receive). When the time value of money is material, ECLs are discounted at the effective interest rate of the financial asset. Presentation of allowance for ECL in the statement of financial position Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets. Write-off The gross carrying amount of a financial asset is written off when the Group has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof. For customers, the Group individually makes an assessment with respect to the timing and amount of write-off based on whether there is a reasonable expectation of recovery. (d) Cash and cash equivalents Cash comprises cash on hand, current accounts with banks, deposits held at call with banks, and other short-term highly liquid investments with original maturities of three months or less. For the purposes of the consolidated statement of cash flows, cash and cash equivalents consist of cash and short-term deposits defined above. Cash and cash equivalents are initially measured at fair value, and subsequently at amortised costs. (e) Operating profits/loss Operating profit/loss is the result generated from the continuing principal revenue producing activities of the Group as well as other income and expenses related to operating activities. Operating profit/loss excludes net finance costs and income taxes. (f) Finance income and finance costs The Group\u2019s finance income and finance costs include: - interest expense; Interest expense is recognised using the effective interest method. The \u2018effective interest rate\u2019 is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to: - the gross carrying amount of the financial asset; or - the amortised cost of the financial liability. In calculating interest expense, the effective interest rate is applied to the amortised cost of the liability. If the Group revises its estimates of payments, it recalculates amortised cost of the financial liability as the present value of the estimated future contractual cash flows that are discounted at the financial instrument\u2019s original effective interest rate. The adjustment is recognised in profit or loss as income or expense. (g) Income tax Income tax expense comprises current and deferred tax. It is recognised in profit or loss except to the extent that it relates to a business combination, or items recognised directly in equity or in OCI. Interest and penalties related to income taxes, including uncertain tax treatments, are accounted for under IAS 37 Provisions, Contingent Liabilities and Contingent Assets. (i) Current tax Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any adjustment to tax payable or receivable in respect of previous years. The amount of current tax payable or receivable is the best estimate of the tax amount expected to be paid or received that reflects uncertainty related to income taxes, if any. It is measured using tax rates enacted or substantively enacted at the reporting date. Current tax also includes any tax arising from dividends. Current tax assets and liabilities are offset only if there is a legally enforceable right to set off the recognised amounts and there is an intention either to settle on a net basis, or to realise the asset and settle the liability simultaneously. (ii) Deferred tax Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax assets are recognised for unused tax losses, unused tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they can be used. Future taxable profits are determined based on the reversal of relevant taxable temporary differences. If the amount of taxable temporary differences is insufficient to recognise a deferred tax asset in full, then future taxable profits, adjusted for reversals of existing temporary differences, are considered, based on the business plans for individual subsidiaries in the Group. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised; such reductions are reversed when the probability of future taxable profits improves. The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the Group expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities. Share-based payment arrangements The cost of equity-settled transactions is determined by the fair value at the date when the grant is made using listed share price. That cost is recognised in other expense, together with a corresponding increase in equity (other capital reserves), over the period in which the service and, where applicable, the performance conditions are fulfilled (the vesting period). The cumulative expense recognised for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Group\u2019s best estimate of the number of equity instruments that will ultimately vest. (h) New and amended standards adopted by the Group New standards impacting the Group that have been adopted in the annual financial statements for the year ended 31 December 2023 are: - IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 (Amendment \u2013 Disclosure of Accounting Policies) - IAS 8 Accounting policies, Changes in Accounting Estimates and Errors (Amendment - Definition of Accounting Estimates) - IAS 12 Income Taxes (Amendment \u2013 Deferred Tax related to Assets and Liabilities arising from a Single Transaction) - IAS 12 Income Taxes (Amendment \u2013 International Tax Reform \u2013 Pillar Two Model Rules) These standards have been adopted in the annual financial statements for the year ended 31 December 2023 but have not had a significant effect on the Group. (i) New standards and interpretations not yet adopted The standards and interpretations that are issued, but not yet effective up to the date of issuance of the Group\u2019s financial statements are disclosed below. The Group intends to adopt these standards, if applicable, when they become effective. The impact of the following amended standards and interpretations are currently being investigated by the Group but are not expected to have a significant impact on the Group\u2019s financial statements. The following amendments are effective for the period beginning 1 January 2024: - IFRS 16 Leases (Amendment - Liability in a Sale and Leaseback) - IAS 1 Presentation of Financial Statements (Amendment \u2013 Classification of Liabilities as Current or Non-Current) - IAS 1 Presentation of Financial Statements (Amendment \u2013 Non-current Liabilities with Covenants) The following amendments are effective for the period beginning 1 January 2025: - IAS 12 Income Taxes (Amendment \u2013 The Effects of Changes in Foreign Exchange Rates). ", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__19": { "value": "(d) Use of judgements and estimates In preparing these consolidated financial statements, management has made judgements and estimates about the future, including climate-related risks and opportunities, that affect the application of the Group's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis and are consistent with the Group's risk management and climate-related commitments where appropriate. Revisions to estimates are recognised prospectively. Judgements Information about judgements made in applying accounting policies that have the most significant effect on the amounts recognised in the consolidated financial statements is not included in any notes. Assumptions and estimation uncertainty Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the year ended 31 December 2023 is included in the following notes: Note 6: Other receivables with possible collection risks ", "dimensions": { "concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__18": { "value": "(d) Use of judgements and estimates In preparing these consolidated financial statements, management has made judgements and estimates about the future, including climate-related risks and opportunities, that affect the application of the Group's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis and are consistent with the Group's risk management and climate-related commitments where appropriate. Revisions to estimates are recognised prospectively. Judgements Information about judgements made in applying accounting policies that have the most significant effect on the amounts recognised in the consolidated financial statements is not included in any notes. Assumptions and estimation uncertainty Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the year ended 31 December 2023 is included in the following notes: Note 6: Other receivables with possible collection risks ", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__20": { "value": "(e) Changes in material accounting policies There were no changes in material accounting policies.", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__21": { "value": "(f) Correction of errors During 2023, the Group decided to correct the deferred tax receivable. As a consequence of not being profitable, the receivable has been overstated. These errors have been corrected by restating each of the affected financial statement line items for prior periods. The following tables summarise the impacts on the Group\u2019s consolidated financial statements. Consolidated statement of financial position 1 January 2022 As previously Adjustments As restated reported \u20ac 1.000 \u20ac 1.000 \u20ac 1.000 Deferred tax assets 88 -88 - Total non-current assets 88 -88 - Reserves required by the Articles of Association -19.002 -88 -19.090 Total equity reserves -19.002 -88 -19.002", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__23": { "value": "(a) Principles for consolidation (i) Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date on which control commences until the date on which control ceases. Changes in the Group\u2019s interests in subsidiaries that do not result in a loss of control are accounted for as equity transactions. The carrying amount of the Group\u2019s interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference between the amount by which the noncontrolling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity and attributed to the owners of the Company. When the Group loses control of a subsidiary, the gain or loss on disposal recognised in profit or loss is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the previous carrying amount of the assets (including goodwill), less liabilities of the subsidiary and any non-controlling interests. All amounts previously recognised in other comprehensive income in relation to that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary (i.e. reclassified to profit or loss or transferred to another category of equity as required/permitted by applicable IFRS Standards). The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under IFRS 9 when applicable, or the cost on initial recognition of an investment in an associate or a joint venture. (ii) Transaction between entities within the group Transactions and balances between entities forming part of the Group together with any unrealised income and expenses arising from intra-group transactions are eliminated in the preparation of the consolidated financial statements of the Group. Unrealized gains on transactions between Group entities are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset.", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__24": { "value": "(i) Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date on which control commences until the date on which control ceases. Changes in the Group\u2019s interests in subsidiaries that do not result in a loss of control are accounted for as equity transactions. The carrying amount of the Group\u2019s interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference between the amount by which the noncontrolling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity and attributed to the owners of the Company. When the Group loses control of a subsidiary, the gain or loss on disposal recognised in profit or loss is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the previous carrying amount of the assets (including goodwill), less liabilities of the subsidiary and any non-controlling interests. All amounts previously recognised in other comprehensive income in relation to that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary (i.e. reclassified to profit or loss or transferred to another category of equity as required/permitted by applicable IFRS Standards). The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under IFRS 9 when applicable, or the cost on initial recognition of an investment in an associate or a joint venture.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__25": { "value": "(ii) Transaction between entities within the group Transactions and balances between entities forming part of the Group together with any unrealised income and expenses arising from intra-group transactions are eliminated in the preparation of the consolidated financial statements of the Group. Unrealized gains on transactions between Group entities are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__28": { "value": "(b) Financial instruments (i) Recognition and initial measurement Trade receivables are initially recognised when they are originated. All other financial assets and financial liabilities are initially recognised when the Group becomes a party to the contractual provisions of the instrument. A financial asset (unless it is a trade receivable without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at Fair Value through Profit and Loss (FVTPL), transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price. (ii) Recognition and initial measurement On initial recognition, a financial asset is classified as measured at: amortised cost; Fair Value through OCI (FVOCI) \u2013 debt investment; FVOCI \u2013 equity investment; or FVTPL. Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL: - it is held within a business model whose objective is to hold assets to collect contractual cash flows; and - its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Financial assets \u2013 Business model assessment The Group makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level because this best reflects the way the business is managed and information is provided to management. Financial assets \u2013 Subsequent measurement and gains and losses Financial assets at amortised cost These assets are subsequently measured at amortised cost using the effective interest method. The amortised cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is recognised in profit or loss. Financial liabilities \u2013 Classification, subsequent measurement and gains and losses Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss. Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. (iii) Derecognition Financial assets The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. If the Group enters into transactions whereby it transfers assets recognised in its statement of financial position, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Financial liabilities The Group derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire. The Group also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognised at fair value. On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. (iv) Offsetting Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Group currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or to realise the asset and settle the liability simultaneously. Share capital Common shares The share capital consists of common shares. Incremental costs directly attributable to the issue of common shares, net of any tax effects, are recognised as a deduction from equity. Income tax relating to transaction costs of an equity transaction is accounted for in accordance with IAS 12.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__27": { "value": "(b) Financial instruments (i) Recognition and initial measurement Trade receivables are initially recognised when they are originated. All other financial assets and financial liabilities are initially recognised when the Group becomes a party to the contractual provisions of the instrument. A financial asset (unless it is a trade receivable without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at Fair Value through Profit and Loss (FVTPL), transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price. (ii) Recognition and initial measurement On initial recognition, a financial asset is classified as measured at: amortised cost; Fair Value through OCI (FVOCI) \u2013 debt investment; FVOCI \u2013 equity investment; or FVTPL. Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL: - it is held within a business model whose objective is to hold assets to collect contractual cash flows; and - its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Financial assets \u2013 Business model assessment The Group makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level because this best reflects the way the business is managed and information is provided to management. Financial assets \u2013 Subsequent measurement and gains and losses Financial assets at amortised cost These assets are subsequently measured at amortised cost using the effective interest method. The amortised cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is recognised in profit or loss. Financial liabilities \u2013 Classification, subsequent measurement and gains and losses Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss. Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. (iii) Derecognition Financial assets The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. If the Group enters into transactions whereby it transfers assets recognised in its statement of financial position, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Financial liabilities The Group derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire. The Group also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognised at fair value. On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. (iv) Offsetting Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Group currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or to realise the asset and settle the liability simultaneously. Share capital Common shares The share capital consists of common shares. Incremental costs directly attributable to the issue of common shares, net of any tax effects, are recognised as a deduction from equity. Income tax relating to transaction costs of an equity transaction is accounted for in accordance with IAS 12.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__26": { "value": "(b) Financial instruments (i) Recognition and initial measurement Trade receivables are initially recognised when they are originated. All other financial assets and financial liabilities are initially recognised when the Group becomes a party to the contractual provisions of the instrument. A financial asset (unless it is a trade receivable without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at Fair Value through Profit and Loss (FVTPL), transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price. (ii) Recognition and initial measurement On initial recognition, a financial asset is classified as measured at: amortised cost; Fair Value through OCI (FVOCI) \u2013 debt investment; FVOCI \u2013 equity investment; or FVTPL. Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL: - it is held within a business model whose objective is to hold assets to collect contractual cash flows; and - its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Financial assets \u2013 Business model assessment The Group makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level because this best reflects the way the business is managed and information is provided to management. Financial assets \u2013 Subsequent measurement and gains and losses Financial assets at amortised cost These assets are subsequently measured at amortised cost using the effective interest method. The amortised cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is recognised in profit or loss. Financial liabilities \u2013 Classification, subsequent measurement and gains and losses Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss. Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. (iii) Derecognition Financial assets The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. If the Group enters into transactions whereby it transfers assets recognised in its statement of financial position, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Financial liabilities The Group derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire. The Group also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognised at fair value. On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. (iv) Offsetting Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Group currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or to realise the asset and settle the liability simultaneously. Share capital Common shares The share capital consists of common shares. Incremental costs directly attributable to the issue of common shares, net of any tax effects, are recognised as a deduction from equity. Income tax relating to transaction costs of an equity transaction is accounted for in accordance with IAS 12.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__30": { "value": "(i) Recognition and initial measurement Trade receivables are initially recognised when they are originated. All other financial assets and financial liabilities are initially recognised when the Group becomes a party to the contractual provisions of the instrument. A financial asset (unless it is a trade receivable without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at Fair Value through Profit and Loss (FVTPL), transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price. (ii) Recognition and initial measurement On initial recognition, a financial asset is classified as measured at: amortised cost; Fair Value through OCI (FVOCI) \u2013 debt investment; FVOCI \u2013 equity investment; or FVTPL. Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL: - it is held within a business model whose objective is to hold assets to collect contractual cash flows; and - its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__29": { "value": "(i) Recognition and initial measurement Trade receivables are initially recognised when they are originated. All other financial assets and financial liabilities are initially recognised when the Group becomes a party to the contractual provisions of the instrument. A financial asset (unless it is a trade receivable without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at Fair Value through Profit and Loss (FVTPL), transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price. (ii) Recognition and initial measurement On initial recognition, a financial asset is classified as measured at: amortised cost; Fair Value through OCI (FVOCI) \u2013 debt investment; FVOCI \u2013 equity investment; or FVTPL. Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL: - it is held within a business model whose objective is to hold assets to collect contractual cash flows; and - its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__31": { "value": "(iii) Derecognition Financial assets The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. If the Group enters into transactions whereby it transfers assets recognised in its statement of financial position, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Financial liabilities The Group derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire. The Group also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognised at fair value. On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__32": { "value": "(iv) Offsetting Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Group currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or to realise the asset and settle the liability simultaneously. Share capital Common shares The share capital consists of common shares. Incremental costs directly attributable to the issue of common shares, net of any tax effects, are recognised as a deduction from equity. Income tax relating to transaction costs of an equity transaction is accounted for in accordance with IAS 12.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__34": { "value": "(c) Impairment (i) Financial assets IFRS 9 requires entities to assess on a forward-looking basis the expected credit losses associated with their debt instruments carried at amortised cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. Loss allowances for trade receivables are measured at an amount equal to lifetime ECLs. When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Group\u2019s historical experience and informed credit assessment and including forward-looking information. The Group assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due. The Group considers a financial asset to be in default when: - the borrower is unlikely to pay its credit obligations to the Group in full, without recourse by the Group to actions such as realising security (if any is held); or - the financial asset is more than 90 days past due. Lifetime ECLs are the ECLs that result from all possible default events over the expected life of a financial instrument. 12-month ECLs are the portion of ECLs that result from default events that are possible within the 12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months). The maximum period considered when estimating ECLs is the maximum contractual period over which the Group is exposed to credit risk. The Group\u2019s assets subject to credit risk in the scope of IFRS 9 include, cash and cash equivalents and other receivables. Measurement of ECLs ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the Group in accordance with the contract and the cash flows that the Group expects to receive). When the time value of money is material, ECLs are discounted at the effective interest rate of the financial asset. Presentation of allowance for ECL in the statement of financial position Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets. Write-off The gross carrying amount of a financial asset is written off when the Group has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof. For customers, the Group individually makes an assessment with respect to the timing and amount of write-off based on whether there is a reasonable expectation of recovery.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__33": { "value": "(c) Impairment (i) Financial assets IFRS 9 requires entities to assess on a forward-looking basis the expected credit losses associated with their debt instruments carried at amortised cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. Loss allowances for trade receivables are measured at an amount equal to lifetime ECLs. When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Group\u2019s historical experience and informed credit assessment and including forward-looking information. The Group assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due. The Group considers a financial asset to be in default when: - the borrower is unlikely to pay its credit obligations to the Group in full, without recourse by the Group to actions such as realising security (if any is held); or - the financial asset is more than 90 days past due. Lifetime ECLs are the ECLs that result from all possible default events over the expected life of a financial instrument. 12-month ECLs are the portion of ECLs that result from default events that are possible within the 12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months). The maximum period considered when estimating ECLs is the maximum contractual period over which the Group is exposed to credit risk. The Group\u2019s assets subject to credit risk in the scope of IFRS 9 include, cash and cash equivalents and other receivables. Measurement of ECLs ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the Group in accordance with the contract and the cash flows that the Group expects to receive). When the time value of money is material, ECLs are discounted at the effective interest rate of the financial asset. Presentation of allowance for ECL in the statement of financial position Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets. Write-off The gross carrying amount of a financial asset is written off when the Group has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof. For customers, the Group individually makes an assessment with respect to the timing and amount of write-off based on whether there is a reasonable expectation of recovery.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__35": { "value": "(d) Cash and cash equivalents Cash comprises cash on hand, current accounts with banks, deposits held at call with banks, and other short-term highly liquid investments with original maturities of three months or less. For the purposes of the consolidated statement of cash flows, cash and cash equivalents consist of cash and short-term deposits defined above. Cash and cash equivalents are initially measured at fair value, and subsequently at amortised costs.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__36": { "value": "(e) Operating profits/loss Operating profit/loss is the result generated from the continuing principal revenue producing activities of the Group as well as other income and expenses related to operating activities. Operating profit/loss excludes net finance costs and income taxes.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__38": { "value": "(f) Finance income and finance costs The Group\u2019s finance income and finance costs include: - interest expense; Interest expense is recognised using the effective interest method. The \u2018effective interest rate\u2019 is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to: - the gross carrying amount of the financial asset; or - the amortised cost of the financial liability. In calculating interest expense, the effective interest rate is applied to the amortised cost of the liability. If the Group revises its estimates of payments, it recalculates amortised cost of the financial liability as the present value of the estimated future contractual cash flows that are discounted at the financial instrument\u2019s original effective interest rate. The adjustment is recognised in profit or loss as income or expense.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__37": { "value": "(f) Finance income and finance costs The Group\u2019s finance income and finance costs include: - interest expense; Interest expense is recognised using the effective interest method. The \u2018effective interest rate\u2019 is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to: - the gross carrying amount of the financial asset; or - the amortised cost of the financial liability. In calculating interest expense, the effective interest rate is applied to the amortised cost of the liability. If the Group revises its estimates of payments, it recalculates amortised cost of the financial liability as the present value of the estimated future contractual cash flows that are discounted at the financial instrument\u2019s original effective interest rate. The adjustment is recognised in profit or loss as income or expense.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__40": { "value": "(g) Income tax Income tax expense comprises current and deferred tax. It is recognised in profit or loss except to the extent that it relates to a business combination, or items recognised directly in equity or in OCI. Interest and penalties related to income taxes, including uncertain tax treatments, are accounted for under IAS 37 Provisions, Contingent Liabilities and Contingent Assets. (i) Current tax Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any adjustment to tax payable or receivable in respect of previous years. The amount of current tax payable or receivable is the best estimate of the tax amount expected to be paid or received that reflects uncertainty related to income taxes, if any. It is measured using tax rates enacted or substantively enacted at the reporting date. Current tax also includes any tax arising from dividends. Current tax assets and liabilities are offset only if there is a legally enforceable right to set off the recognised amounts and there is an intention either to settle on a net basis, or to realise the asset and settle the liability simultaneously. (ii) Deferred tax Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax assets are recognised for unused tax losses, unused tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they can be used. Future taxable profits are determined based on the reversal of relevant taxable temporary differences. If the amount of taxable temporary differences is insufficient to recognise a deferred tax asset in full, then future taxable profits, adjusted for reversals of existing temporary differences, are considered, based on the business plans for individual subsidiaries in the Group. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised; such reductions are reversed when the probability of future taxable profits improves. The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the Group expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities. Share-based payment arrangements The cost of equity-settled transactions is determined by the fair value at the date when the grant is made using listed share price. That cost is recognised in other expense, together with a corresponding increase in equity (other capital reserves), over the period in which the service and, where applicable, the performance conditions are fulfilled (the vesting period). The cumulative expense recognised for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Group\u2019s best estimate of the number of equity instruments that will ultimately vest.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__39": { "value": "(g) Income tax Income tax expense comprises current and deferred tax. It is recognised in profit or loss except to the extent that it relates to a business combination, or items recognised directly in equity or in OCI. Interest and penalties related to income taxes, including uncertain tax treatments, are accounted for under IAS 37 Provisions, Contingent Liabilities and Contingent Assets. (i) Current tax Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any adjustment to tax payable or receivable in respect of previous years. The amount of current tax payable or receivable is the best estimate of the tax amount expected to be paid or received that reflects uncertainty related to income taxes, if any. It is measured using tax rates enacted or substantively enacted at the reporting date. Current tax also includes any tax arising from dividends. Current tax assets and liabilities are offset only if there is a legally enforceable right to set off the recognised amounts and there is an intention either to settle on a net basis, or to realise the asset and settle the liability simultaneously. (ii) Deferred tax Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax assets are recognised for unused tax losses, unused tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they can be used. Future taxable profits are determined based on the reversal of relevant taxable temporary differences. If the amount of taxable temporary differences is insufficient to recognise a deferred tax asset in full, then future taxable profits, adjusted for reversals of existing temporary differences, are considered, based on the business plans for individual subsidiaries in the Group. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised; such reductions are reversed when the probability of future taxable profits improves. The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the Group expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities. Share-based payment arrangements The cost of equity-settled transactions is determined by the fair value at the date when the grant is made using listed share price. That cost is recognised in other expense, together with a corresponding increase in equity (other capital reserves), over the period in which the service and, where applicable, the performance conditions are fulfilled (the vesting period). The cumulative expense recognised for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Group\u2019s best estimate of the number of equity instruments that will ultimately vest.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__41": { "value": "(h) New and amended standards adopted by the Group New standards impacting the Group that have been adopted in the annual financial statements for the year ended 31 December 2023 are: - IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 (Amendment \u2013 Disclosure of Accounting Policies) - IAS 8 Accounting policies, Changes in Accounting Estimates and Errors (Amendment - Definition of Accounting Estimates) - IAS 12 Income Taxes (Amendment \u2013 Deferred Tax related to Assets and Liabilities arising from a Single Transaction) - IAS 12 Income Taxes (Amendment \u2013 International Tax Reform \u2013 Pillar Two Model Rules) These standards have been adopted in the annual financial statements for the year ended 31 December 2023 but have not had a significant effect on the Group. (i) New standards and interpretations not yet adopted The standards and interpretations that are issued, but not yet effective up to the date of issuance of the Group\u2019s financial statements are disclosed below. The Group intends to adopt these standards, if applicable, when they become effective. The impact of the following amended standards and interpretations are currently being investigated by the Group but are not expected to have a significant impact on the Group\u2019s financial statements. The following amendments are effective for the period beginning 1 January 2024: - IFRS 16 Leases (Amendment - Liability in a Sale and Leaseback) - IAS 1 Presentation of Financial Statements (Amendment \u2013 Classification of Liabilities as Current or Non-Current) - IAS 1 Presentation of Financial Statements (Amendment \u2013 Non-current Liabilities with Covenants) The following amendments are effective for the period beginning 1 January 2025: - IAS 12 Income Taxes (Amendment \u2013 The Effects of Changes in Foreign Exchange Rates). ", "dimensions": { "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__42": { "value": "(i) New standards and interpretations not yet adopted The standards and interpretations that are issued, but not yet effective up to the date of issuance of the Group\u2019s financial statements are disclosed below. The Group intends to adopt these standards, if applicable, when they become effective. The impact of the following amended standards and interpretations are currently being investigated by the Group but are not expected to have a significant impact on the Group\u2019s financial statements. The following amendments are effective for the period beginning 1 January 2024: - IFRS 16 Leases (Amendment - Liability in a Sale and Leaseback) - IAS 1 Presentation of Financial Statements (Amendment \u2013 Classification of Liabilities as Current or Non-Current) - IAS 1 Presentation of Financial Statements (Amendment \u2013 Non-current Liabilities with Covenants) The following amendments are effective for the period beginning 1 January 2025: - IAS 12 Income Taxes (Amendment \u2013 The Effects of Changes in Foreign Exchange Rates). ", "dimensions": { "concept": "ifrs-full:ExplanationOfNotAppliedNewStandardsOrInterpretations", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__43": { "value": "4 Subsidiaries List of subsidiaries Set out below is a list of the subsidiaries of the Group during 2022 and 2023. Subsidiaries Participation Place and country of seat Principal activity Energy Synergie B.V. 100% Amsterdam, Netherlands Engineering & advisory New Green Investments B.V. 100% Amsterdam, Netherlands Holding company Valuation of subsidiaries 2023 2022 \u20ac 1,000 \u20ac 1,000 Energy Synergie B.V. - - New Green Investments B.V. - - - - Both wholly owned subsidiaries Energy Synergie B.V. and New Green Investments B.V. have been dormant and have been valued at nil both in 2023 and 2022. ", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__44": { "value": "5 Deferred taxes 2023 2022 \u20ac 1,000 \u20ac 1,000 Deferred taxes - - - - For prudence purposes the 2021 balance of \u20ac 88 thousand deferred tax receivable has been corrected as an error (note 2f). Potentially losses from 2013 onwards could be offset against future taxable profits. Tax losses carried forward At the year-end of 2023, the total of accumulated losses had amassed to \u20ac 1.614 thousand. Management is assessing whether historical losses can be offset against future taxable profits. 2023 Years \u20ac 1,000 2013 76 2014 111 2015 126 2017 248 2018 342 2020 113 2021 88 2022 92 2023 418 Accumulated tax losses 1.614 Unrecognised tax losses carried forward expire as follows: 2023 Year \u20ac 1,000 Never expire 1.614 Accumulated tax losses 1.614", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__45": { "value": "6 Other receivables 2023 2022 \u20ac 1,000 \u20ac 1,000 Trade receivable - - Tax receivable 4 3 Issued capital called but not paid-up 66 - Other receivables 41 - Prepayments and accrued income -2 111 5 The tax receivable concerned VAT (BTW) and amounted to \u20ac 4 (2022: \u20ac 3). rdThe 3 convertible bond was converted at year-end but not yet paid-up for the amount of \u20ac 50. The bridge loan of \u20ac 80 was converted at year-end, but not yet paid-up for \u20ac 16. The other receivables amounting to \u20ac 41 concerns an disputed claim on F. Mouthaan as a result of having been awarded too many shares on 19 July 2023 during his term as director. All receivables have an estimated maturity shorter than one year. The fair value of the trade and other receivables approximates the book value.", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__46": { "value": "7 Cash and cash equivalents 2023 2022 EUR EUR Bank and cash 25 17 25 17 The Group held cash and cash equivalents of \u20ac 25 at 31 December 2023 (2022: \u20ac 17). The cash and cash equivalents are held with bank and financial institution counterparties, which are rated AA- to AA+, based on rating agency y ratings. Impairment on cash and cash equivalents has been measured on a 12-month expected loss basis and reflects the short maturities of the exposures. The Group considers that its cash and cash equivalents have low credit risk based on the external credit ratings of the counterparties. There are no restrictions on the Group\u2019s cash balances. The carrying value of cash and cash equivalents approximates its fair value.", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__47": { "value": "8 Shareholders\u2019 equity Reconciliation of movements in capital and reserves Issued Share Reserves UndistributTotal share premium required by ed capital the Articles result of Association \u20ac \u20ac \u20ac \u20ac \u20ac 1,000 1,000 1,000 1,000 1,000 Balance at 1 January 2023 1.793 17.284 -19.178 -92 -194 Changes in financial year 2023: 1\u2014 Issued shares shareholder loans170 -6 164 2\u2014 Issued and converted bonds135 15 150 3\u2014 Share-based payments16 389 2 391 \u2014 Appropriation of result 2022 -92 92 \u2014 Result for the year 2023 -418 -418 Balance at 31 December 2023: 2.486 17.295 -19.270 -418 92 1) Payment of loans (excluding interest) from shareholders Mirckzon Holding B.V. (\u20ac 79) and L.A. Vereecken (\u20ac 80) on 31 December 2023. 2) Payments of convertible bonds from Mr. H. Kamsteeg on 19 July 2023 (\u20ac 100 ) and on 20 December 2023 (\u20ac 50). 3) Payments to ex-directors and directors (note 16) Share capital and share premium Common shares 2023 2022 \u20ac 1,000 \u20ac 1,000 On issue at 1 January 2023 59.751.066 59.751.066 Issued for cash 23.107.745 - On issue at 31 December 2023 82.858.811 59.751.066 Common shares and preference shares With reference to Section 2:67(1) of the Dutch Civil Code, the register share capital of the Company amounts to \u20ac 8.400. The registered share capital consists of 280.000.000 shares with a nominal value of \u20ac 0,03 each and is divided between: - 140.000.000 common shares; and - 140.000.000 preference shares. Of the Company\u2019s authorised capital, 82.858.811 (2022: 59.751.066) common shares and 0 preference shares have been issued. In 2023, 23.107.745 new common shares were issued in connection with the conversion of loans, bonds and director fees. Of the issued and paid-up capital, an amount of \u20ac 66 is not recognised as paid-up amount (note 6). Share premium The share premium concerns the income from the issuing of shares in so far as this exceeds the nominal value of the shares (above par income). Reserves required by the Articles of Association The reserves required by the Articles of Association are recognised pursuant to articles 25 of the Articles of Association. Unappropriated result Appropriation of profit of 2022 The financial statements for the reporting year 2022 have been adopted by the AGM on 14 December 2023. The loss over the reporting period 2022 has been added to the negative general reserves. Proposal for profit appropriation 2023 The financial statements for the reporting year 2022 show insufficient freely distributable equity due to the comprehensive loss for the period. The loss over the reporting period 2023 is proposed to be added to the negative general reserves. ", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__49": { "value": "9 Loans and borrowings 2023 2022 \u20ac 1,000 \u20ac 1,000 Debt to shareholders - 79 Convertible loans - - - - Movement schedule Cash Non-cash Total movements movements \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 Opening balance 1 January 2023 - 79 79 Issued during the period 230 - 230 Interest and amortisation - - - converted -230 -84 -314 Interest paid - 5 5 Ending balance 31 December 2023 - - - Movement schedule Cash Non-cash Total movements movements \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 Opening balance 1 January 2022 - 74 74 Issued during the period - - - Interest and amortisation - - - Repayment - - - Interest paid - 5 5 Ending balance 31 December 2022 - 79 79 Debt to shareholders The loan of \u20ac 84 (including interest) from Mirckzon Holding B.V. was fully repaid by means of issuance of common shares in 2023 on 20 December 2023. The loan of \u20ac 80 (including interest) from L.A. Vereecken was fully repaid by means of common shares in 2023 on 31 December 2023. Convertible bonds 2023 \u20ac 1,000 Proceeds from issue of convertible bonds 150 Transaction costs - Net proceeds 150 Amount classified as equity 150 Accrued interest - Carrying amount of liability at 31 December 2023 - The convertible bonds were issued on 19 July 2023 (\u20ac 100) and 20 December 2023 (\u20ac 50) against an exercise price of \u20ac 0,03 per common share and were immediately converted into in total 4.500.000 common shares.", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__48": { "value": "9 Loans and borrowings 2023 2022 \u20ac 1,000 \u20ac 1,000 Debt to shareholders - 79 Convertible loans - - - - Movement schedule Cash Non-cash Total movements movements \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 Opening balance 1 January 2023 - 79 79 Issued during the period 230 - 230 Interest and amortisation - - - converted -230 -84 -314 Interest paid - 5 5 Ending balance 31 December 2023 - - - Movement schedule Cash Non-cash Total movements movements \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 Opening balance 1 January 2022 - 74 74 Issued during the period - - - Interest and amortisation - - - Repayment - - - Interest paid - 5 5 Ending balance 31 December 2022 - 79 79 Debt to shareholders The loan of \u20ac 84 (including interest) from Mirckzon Holding B.V. was fully repaid by means of issuance of common shares in 2023 on 20 December 2023. The loan of \u20ac 80 (including interest) from L.A. Vereecken was fully repaid by means of common shares in 2023 on 31 December 2023. Convertible bonds 2023 \u20ac 1,000 Proceeds from issue of convertible bonds 150 Transaction costs - Net proceeds 150 Amount classified as equity 150 Accrued interest - Carrying amount of liability at 31 December 2023 - The convertible bonds were issued on 19 July 2023 (\u20ac 100) and 20 December 2023 (\u20ac 50) against an exercise price of \u20ac 0,03 per common share and were immediately converted into in total 4.500.000 common shares.", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__50": { "value": "10 Trade and other payables 2023 2022 \u20ac 1,000 \u20ac 1,000 To suppliers and trade creditors 32 83 To directors 11 - To shareholders 1 54 44 137 All current liabilities fall due in less than one year. The carrying amount of trade and other payables is considered a reasonable approximation of their respective fair value, due to their short-term nature. ", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__51": { "value": "11 Financial instruments Financial instruments issued The AGM of 17 January 2023 agreed to two financial instruments: \u2014 Convertible bonds - The placement and conversion of one or more convertible bonds for a total of \u20ac 1.200 against an exercise price of \u20ac 0,05 per common share. At 31 December 2023 there were no convertible bonds outstanding. \u2014 Warrants - The granting of 24 million unlisted warrants against an exercise price of \u20ac 0,10 per common share, to be issued until 17 July 2024, i.e. latest 18 months after approval by the AGM. At 31 December 2023 no warrants had been issued by the Company. Financial instruments by category Amortised cost Amortised cost 31 December 2023 31 December 2022 \u20ac 1,000 \u20ac 1,000 Financial assets Other receivables 111 6 Cash and cash equivalents 25 17 Total financial assets 137 23 Financial liabilities Loans and borrowings - 79 Other payables 44 137 Total financial liabilities 44 216 Financial instruments not measured at fair value includes shareholder loans, cash and cash equivalents, trade and other receivables, trade and other payables, and loans and borrowings. Due to their short-term nature, the carrying value of cash and cash equivalents, trade and other receivables, and trade and other payables approximates their fair value. Risk management The Group is exposed to credit risk liquidity risk, and interest rate risk. The Group\u2019s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the financial performance of the Group. Risk management is carried out under policies approved by the board of directors of the Company and of relevant subsidiaries. Credit risk The Group is exposed to credit related losses in the event of non-performance by counterparties to financial instruments, but does not expect any counterparties to fail to meet their obligations. Credit risk arises from Cash and cash equivalents, and other receivables. The Group has policies in place to ensure that transactions are made to parties with an appropriate credit history. Cash transactions are limited to high credit quality financial institutions. The Group applies IFRS 9. IFRS 9 establishes a three-stage impairment model, based on whether there has been a significant increase in the credit risk of a financial asset since its initial recognition. These three stages then determine the amount of impairment to be recognised as expected credit losses (ECL) (as well as the amount of interest income to be recorded) at each reporting date: \u2014 Stage 1: Credit risk has not increased significantly since initial recognition \u2013 recognise 12 months ECL (i.e., the portion of lifetime ECLs that represent the ECLs that result from default events that are possible within the 12-months after the reporting date), and recognise interest on a gross basis \u2014 Stage 2: Credit risk has increased significantly since initial recognition \u2013 recognise lifetime ECL (i.e., ECLs that result from all possible default events over the expected life of a financial instrument), and recognise interest on a gross basis \u2014 Stage 3: Financial asset is credit impaired \u2013 recognise lifetime ECL, and present interest on a net basis (i.e. on the gross carrying amount less credit allowance). The Group considers the probability of default upon initial recognition of asset and whether there has been a significant increase in credit risk on an ongoing basis throughout each reporting period. To assess whether there is significant increase in credit risk the Group compares the risk of a default occurring on the asset at the reporting date with the risk of default as the date of initial recognition. For other receivables (with a maturity of 12 months or less), \u2018lifetime expected credit losses\u2019 are recognised (the \u2018simplified approach\u2019) and is determined to be nil due to the sort time period and the carrying value of the collateral . The Group\u2019s maximum exposure to credit risk for the components of the statement of financial position is the carrying amounts as shown below: 2023 2022 \u20ac 1,000 \u20ac 1,000 Other receivables 111 6 Cash and cash equivalents 25 17 137 23 Liquidity risk Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Group\u2019s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses. The following are the undiscounted contractual maturities of the financial liabilities, including estimated interest payments as at the reporting date per 2023: Carrying Contractual Up to 12 Between 2 Over 5 years amount cash flows months and 5 years \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 Loans and borrowings - - - - - Other payables 44 - - - - 44 - - - - The following are the undiscounted contractual maturities of the financial liabilities, including estimated interest payments as at the reporting date per 2022: Carrying Contractual Up to 12 Between 2 Over 5 years amount cash flows months and 5 years \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 Loans and borrowings 79 - - - - Other payables 137 - - - - 216 - - - - Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return. The Group\u2019s exposure to the risk of changes in market interest rates is primarily limited to cash balances on which interest is earned. If interest rates had been 1% higher/lower and all other variables were held constant, the Group\u2019s profit for the year ended 31 December 2023 and 31 December 2022 would be impacted as follows: \u20ac 1,000 Interest rate + 100bp Interest rate \u2013 100bp Loss for the year or Equity ended 31 December 2023 5,00% 5,00% \u20ac 1,000 Interest rate + 100bp Interest rate \u2013 100bp loss for the year or Equity ended 31 December 2022 EURIBOR+7,00% EURIBOR+7,00% The analysis presented above is excluding the impact of taxes. Capital management The Group manages its net debt (total cash divided by gross debt) as capital. The Group\u2019s objectives when managing capital are to safeguard the Group\u2019s ability to continue as a going concern, to provide returns for shareholders, to maintain an optimal capital structure to reduce the cost of debt and to meet its financial covenants. In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt. 2023 2022 \u20ac 1,000 \u20ac 1,000 Total cash 25 17 Gross debt 44 216 Net debt ratio 0,57 0,08", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__52": { "value": "Amortised cost Amortised cost 31 December 2023 31 December 2022 \u20ac 1,000 \u20ac 1,000 Financial assets Other receivables 111 6 Cash and cash equivalents 25 17 Total financial assets 137 23", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__53": { "value": "Financial liabilities Loans and borrowings - 79 Other payables 44 137 Total financial liabilities 44 216", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__54": { "value": "Risk management The Group is exposed to credit risk liquidity risk, and interest rate risk. The Group\u2019s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the financial performance of the Group. Risk management is carried out under policies approved by the board of directors of the Company and of relevant subsidiaries. Credit risk The Group is exposed to credit related losses in the event of non-performance by counterparties to financial instruments, but does not expect any counterparties to fail to meet their obligations. Credit risk arises from Cash and cash equivalents, and other receivables. The Group has policies in place to ensure that transactions are made to parties with an appropriate credit history. Cash transactions are limited to high credit quality financial institutions. The Group applies IFRS 9. IFRS 9 establishes a three-stage impairment model, based on whether there has been a significant increase in the credit risk of a financial asset since its initial recognition. These three stages then determine the amount of impairment to be recognised as expected credit losses (ECL) (as well as the amount of interest income to be recorded) at each reporting date: \u2014 Stage 1: Credit risk has not increased significantly since initial recognition \u2013 recognise 12 months ECL (i.e., the portion of lifetime ECLs that represent the ECLs that result from default events that are possible within the 12-months after the reporting date), and recognise interest on a gross basis \u2014 Stage 2: Credit risk has increased significantly since initial recognition \u2013 recognise lifetime ECL (i.e., ECLs that result from all possible default events over the expected life of a financial instrument), and recognise interest on a gross basis \u2014 Stage 3: Financial asset is credit impaired \u2013 recognise lifetime ECL, and present interest on a net basis (i.e. on the gross carrying amount less credit allowance). The Group considers the probability of default upon initial recognition of asset and whether there has been a significant increase in credit risk on an ongoing basis throughout each reporting period. To assess whether there is significant increase in credit risk the Group compares the risk of a default occurring on the asset at the reporting date with the risk of default as the date of initial recognition. For other receivables (with a maturity of 12 months or less), \u2018lifetime expected credit losses\u2019 are recognised (the \u2018simplified approach\u2019) and is determined to be nil due to the sort time period and the carrying value of the collateral . The Group\u2019s maximum exposure to credit risk for the components of the statement of financial position is the carrying amounts as shown below: 2023 2022 \u20ac 1,000 \u20ac 1,000 Other receivables 111 6 Cash and cash equivalents 25 17 137 23 Liquidity risk Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Group\u2019s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses. The following are the undiscounted contractual maturities of the financial liabilities, including estimated interest payments as at the reporting date per 2023: Carrying Contractual Up to 12 Between 2 Over 5 years amount cash flows months and 5 years \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 Loans and borrowings - - - - - Other payables 44 - - - - 44 - - - - The following are the undiscounted contractual maturities of the financial liabilities, including estimated interest payments as at the reporting date per 2022: Carrying Contractual Up to 12 Between 2 Over 5 years amount cash flows months and 5 years \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 Loans and borrowings 79 - - - - Other payables 137 - - - - 216 - - - - Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return. The Group\u2019s exposure to the risk of changes in market interest rates is primarily limited to cash balances on which interest is earned. If interest rates had been 1% higher/lower and all other variables were held constant, the Group\u2019s profit for the year ended 31 December 2023 and 31 December 2022 would be impacted as follows: \u20ac 1,000 Interest rate + 100bp Interest rate \u2013 100bp Loss for the year or Equity ended 31 December 2023 5,00% 5,00% \u20ac 1,000 Interest rate + 100bp Interest rate \u2013 100bp loss for the year or Equity ended 31 December 2022 EURIBOR+7,00% EURIBOR+7,00% The analysis presented above is excluding the impact of taxes. Capital management The Group manages its net debt (total cash divided by gross debt) as capital. The Group\u2019s objectives when managing capital are to safeguard the Group\u2019s ability to continue as a going concern, to provide returns for shareholders, to maintain an optimal capital structure to reduce the cost of debt and to meet its financial covenants. In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt. 2023 2022 \u20ac 1,000 \u20ac 1,000 Total cash 25 17 Gross debt 44 216 Net debt ratio 0,57 0,08", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__56": { "value": "Credit risk The Group is exposed to credit related losses in the event of non-performance by counterparties to financial instruments, but does not expect any counterparties to fail to meet their obligations. Credit risk arises from Cash and cash equivalents, and other receivables. The Group has policies in place to ensure that transactions are made to parties with an appropriate credit history. Cash transactions are limited to high credit quality financial institutions. The Group applies IFRS 9. IFRS 9 establishes a three-stage impairment model, based on whether there has been a significant increase in the credit risk of a financial asset since its initial recognition. These three stages then determine the amount of impairment to be recognised as expected credit losses (ECL) (as well as the amount of interest income to be recorded) at each reporting date: \u2014 Stage 1: Credit risk has not increased significantly since initial recognition \u2013 recognise 12 months ECL (i.e., the portion of lifetime ECLs that represent the ECLs that result from default events that are possible within the 12-months after the reporting date), and recognise interest on a gross basis \u2014 Stage 2: Credit risk has increased significantly since initial recognition \u2013 recognise lifetime ECL (i.e., ECLs that result from all possible default events over the expected life of a financial instrument), and recognise interest on a gross basis \u2014 Stage 3: Financial asset is credit impaired \u2013 recognise lifetime ECL, and present interest on a net basis (i.e. on the gross carrying amount less credit allowance). The Group considers the probability of default upon initial recognition of asset and whether there has been a significant increase in credit risk on an ongoing basis throughout each reporting period. To assess whether there is significant increase in credit risk the Group compares the risk of a default occurring on the asset at the reporting date with the risk of default as the date of initial recognition. For other receivables (with a maturity of 12 months or less), \u2018lifetime expected credit losses\u2019 are recognised (the \u2018simplified approach\u2019) and is determined to be nil due to the sort time period and the carrying value of the collateral . The Group\u2019s maximum exposure to credit risk for the components of the statement of financial position is the carrying amounts as shown below: 2023 2022 \u20ac 1,000 \u20ac 1,000 Other receivables 111 6 Cash and cash equivalents 25 17 137 23", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__55": { "value": "Credit risk The Group is exposed to credit related losses in the event of non-performance by counterparties to financial instruments, but does not expect any counterparties to fail to meet their obligations. Credit risk arises from Cash and cash equivalents, and other receivables. The Group has policies in place to ensure that transactions are made to parties with an appropriate credit history. Cash transactions are limited to high credit quality financial institutions. The Group applies IFRS 9. IFRS 9 establishes a three-stage impairment model, based on whether there has been a significant increase in the credit risk of a financial asset since its initial recognition. These three stages then determine the amount of impairment to be recognised as expected credit losses (ECL) (as well as the amount of interest income to be recorded) at each reporting date: \u2014 Stage 1: Credit risk has not increased significantly since initial recognition \u2013 recognise 12 months ECL (i.e., the portion of lifetime ECLs that represent the ECLs that result from default events that are possible within the 12-months after the reporting date), and recognise interest on a gross basis \u2014 Stage 2: Credit risk has increased significantly since initial recognition \u2013 recognise lifetime ECL (i.e., ECLs that result from all possible default events over the expected life of a financial instrument), and recognise interest on a gross basis \u2014 Stage 3: Financial asset is credit impaired \u2013 recognise lifetime ECL, and present interest on a net basis (i.e. on the gross carrying amount less credit allowance). The Group considers the probability of default upon initial recognition of asset and whether there has been a significant increase in credit risk on an ongoing basis throughout each reporting period. To assess whether there is significant increase in credit risk the Group compares the risk of a default occurring on the asset at the reporting date with the risk of default as the date of initial recognition. For other receivables (with a maturity of 12 months or less), \u2018lifetime expected credit losses\u2019 are recognised (the \u2018simplified approach\u2019) and is determined to be nil due to the sort time period and the carrying value of the collateral . The Group\u2019s maximum exposure to credit risk for the components of the statement of financial position is the carrying amounts as shown below: 2023 2022 \u20ac 1,000 \u20ac 1,000 Other receivables 111 6 Cash and cash equivalents 25 17 137 23", "dimensions": { "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__57": { "value": "Liquidity risk Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Group\u2019s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses. The following are the undiscounted contractual maturities of the financial liabilities, including estimated interest payments as at the reporting date per 2023: Carrying Contractual Up to 12 Between 2 Over 5 years amount cash flows months and 5 years \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 Loans and borrowings - - - - - Other payables 44 - - - - 44 - - - - The following are the undiscounted contractual maturities of the financial liabilities, including estimated interest payments as at the reporting date per 2022: Carrying Contractual Up to 12 Between 2 Over 5 years amount cash flows months and 5 years \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 \u20ac 1,000 Loans and borrowings 79 - - - - Other payables 137 - - - - 216 - - - -", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__58": { "value": "Capital management The Group manages its net debt (total cash divided by gross debt) as capital. The Group\u2019s objectives when managing capital are to safeguard the Group\u2019s ability to continue as a going concern, to provide returns for shareholders, to maintain an optimal capital structure to reduce the cost of debt and to meet its financial covenants. In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt. 2023 2022 \u20ac 1,000 \u20ac 1,000 Total cash 25 17 Gross debt 44 216 Net debt ratio 0,57 0,08", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__59": { "value": "12 Revenue streams The Group did not generate revenues in 2023 and 2022. ", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__60": { "value": "13 Other expenses 2023 2022 \u20ac 1,000 \u20ac 1,000 1Auditor expenses- - Office expenses - 2 Sales expenses - 4 External consultants expenses 17 - 2Directors\u2019 fees399 - Listing expenses 72 31 ICT expenses 2 1 Administrative expenses 2 49 Other expenses 493 87 1) Due to the absence of an auditor the auditors expenses are nil as referred to in Section 2:382a(1) and (2) of the Dutch Civil Code. 2) These concern payments to ex-directors and directors for both 2022 and 2023 (note 16). The expense recognised for employee services received during the year is shown in the following table: 2023 2022 \u20ac 1,000 \u20ac 1,000 Expense arising from equity-settled share-based payment transactions 389 - 389 -", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__61": { "value": "14 Interest expenses and similar charges 2023 2022 \u20ac 1,000 \u20ac 1,000 Loans to shareholders 5 5 5 5", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__62": { "value": "15 Tax on result 2023 2022 \u20ac 1,000 \u20ac 1,000 Tax expense for current financial year - - Income tax expense - - Future tax profits can be compensated with deductible tax losses from prior year(s). Reconciliation of effective tax rate 2023 \u20ac 1,000 % Loss before tax 418 - Tax using the Netherlands tax rate - - Income tax expense - - Reconciliation of effective tax rate 2022 \u20ac 1,000 % Loss before tax 92 - Tax using the Netherlands tax rate - - Income tax expense - - The total effective tax rate percentage of X% in 2023 is the result of the consolidated loss before tax against the tax rate in the Netherlands and the effects of non-deductible expenses. Uncertainty over income tax treatments No uncertain tax treatments have been applied during the period.", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__63": { "value": "16 Remuneration of executive and non-executive directors The AGM of 17 January 2023 agreed the following renumerations: \u20ac 13 per annum for the non-executive directors, \u20ac 23 per annum for the chairman of the board, and \u20ac 100 per annum for the executive-director. The AGM of 14 December 2023 agreed the following rises in renumeration: \u20ac 35 per annum for the non-executive directors and \u20ac 54 per annum for the chairman of the board. The executive-director\u2019s renumeration remained unchanged. The director fees as referred to in Section 2:383(1) of the Dutch Civil Code, charged in the financial year to the company, its subsidiaries and consolidated other companies amounted to \u20ac 399 thousand, of which \u20ac 25 related to the executive director in 2022, \u20ac 178 to the executive directors in 2023, \u20ac 50 to non-executive directors in 2022 and \u20ac 146 thousand to non-executive directors in 2023. Renumeration 2023 Name Position Expenses 2023Mr. F. Mouthaan Resigned \u20ac 58 Mr. A.D. Mirck Non-executive director \u20ac 17 Mrs. A.D. Dirkes Non-executive director \u20ac 7 Drs E. Hermans Resigned \u20ac - Mr J.D. Kleyn Non-executive director (Chairman) \u20ac 28 Drs L.A. Vereecken RA Executive director (CEO) \u20ac 33 Renumeration 2022 Name Position Expenses 2022 Mr G.J. Houweling Resigned \u20ac 25 Mr. L.D. Witte Resigned \u20ac 25 Mr. A.D. Mirck Non-executive director \u20ac 25 All the 2023 and 2022 fees have not been paid out in cash but have all been converted into common shares at year-end, except for the fees of Mrs. Dirkes, who remains a creditor to the Company. Messrs. Kleyn and Vereecken were both entitled to performance-based bonuses of 3.000.000 common shares, which were granted in 2023. A share option programme was not set up for members of the board of directors.", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__64": { "value": "17 Workforce The average number of full-time employees (FTE) employed by the Group was 0 (2022: 0) split by the following categories: 2023 2022 Management board - - - -", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__65": { "value": "18 Commitments and contingencies There were o capital commitments, no contingent liabilities, and no guarantees and pledged assets in 2023 and 2022 ", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__66": { "value": "19 Related parties Identification of related parties In the normal course of business, the Group enters into various transactions with related parties. Parties are considered to be related if one party has the ability to control or exercise significant influence over the other party in making financial or operating decisions. Transactions vary from financing activities to regular purchases and sales transactions. There are no significant provisions for doubtful debts or individually significant bad debt expenses recognised on outstanding balances with related parties. The following parties are considered related parties of the Group: \u2014 The Group\u2019s directors: o A.M. Dirkes o J.D. Kleyn o A.M. Mirck o L.A. Vereecken \u2014 Subsidiaries of the Group, as detailed in note 4. Ultimate controlling party During 2023, there were no ultimate controlling parties or changes in this position. Transactions with key management Loans to directors During 2023, there were no unsecured loans awarded to directors. Other related party transactions All outstanding balances with related parties are priced on an arm\u2019s length basis and are to be settled in cash within two months of the end of the reporting period. None of the balances are secured. No expense has been recognised in the current year or prior year for bad of doubtful debts in respect of amounts owed by related parties. During 2023, there were no transactions or outstanding balances with related parties. No guarantees have been given or received to or from related parties. Basic Earnings per Share Basic Earnings per Share are calculated by dividing net loss attributable to equity holders of NSE by the weighted average number of shares outstanding. Basic Earnings per Share 2023 2022 \u20ac 1.000 \u20ac 1.000 Net loss from continued operation -418 -92 attributable to equity holders of NSE Weighted average number of shares 71.305 59.751 outstanding in thousands Basic Earnings per Share (\u20ac per Share) -0,006 -0,002 Segment reporting The group currently has one reportable segment and therefore does not disclose the segment reporting requirements in accordance with IFRS 8.", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "s7_notes__6__67": { "value": "20 Subsequent events No events have occurred after the balance sheet date. ", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:724500FS31OV3Y11N495", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } } } }