1. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nGeneral information and statement of compliance\nwith International Financial Reporting
\nStandards\n(IFRS)
\n\u00a0
\n1.1 General\ninformation
\n\u00a0
\nDINO FINO FINANCE P.L.C.\n(the \u2018Company\u2019) is a public limited liability company\nand is domiciled and incorporated in Malta in terms of the\nCompanies Act, Cap. 386. The address of the Company\u2019s\nregistered office which is also its principal place of business is\nDino Fino Home + Contract, Msida Valley Road, Birkirkara, BKR 9025,\nMalta.
\n\u00a0
\nThe principal activity of\nthe Company and its subsidiaries (the \u2018Group\u2019) is to\ncarry on the business of importation, selling, trading in goods and\nmaterial including household goods, leather goods, upholstery,\nfurnishings and other interior goods.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "gG_xI2mWQH": { "value": "is a public limited liability company", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "ynm8x.BXzm": { "value": "domiciled and incorporated in Malta in terms of the\nCompanies Act, Cap. 386.", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "dcUpxEWjzB": { "value": "domiciled and incorporated in Malta in terms of the\nCompanies Act, Cap. 386.", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "XnJnF74FGM": { "value": "incorporated in Malta", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "QwkMMh7BIy": { "value": "1.2 Basis of\npreparation and statement of compliance\n\u00a0\nThese consolidated\nfinancial statements have been prepared in accordance with the IFRS\nAccounting Standards as issued by the International Accounting\nStandards Board (IASB) and as adopted by the European Union (EU)\nand the requirements of the Maltese Companies Act, Cap.\n386.\n\u00a0\nThe consolidated\nfinancial statements are prepared on a historical cost basis, with\nthe exception of buildings, which are prepared on a revaluation\nbasis.\n\u00a0\nIFRS 10, Consolidated\nFinancial Statements , requires a parent company to prepare\nconsolidated financial statements in which it consolidates its\ninvestments in subsidiaries. The consolidated financial statements\nof the Group for the year ended 31 December 2025, comprise the\nCompany and its subsidiaries, Dino Fino Operations Limited and Dino\nFino Holdings Ltd.\n\u00a0\nSubsidiaries are all\nentities over which the Group has the power to govern the financial\nand operating policies generally accompanying a shareholding of\nmore than one half of the voting rights. The existence and effect\nof potential voting rights that are currently exercisable or\nconvertible are considered when assessing whether the group\ncontrols another entity.\u00a0\n\u00a0\nInter-company\ntransactions, balances and unrealised gains on transactions between\ngroup companies are eliminated. Unrealised losses are also\neliminated unless the transaction provides evidence of an\nimpairment of the asset transferred. Accounting policies of\nsubsidiaries have been changed where necessary to ensure\nconsistency with the policies adopted by the\nGroup.\u00a0", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfFinancialStatements", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "zYKO6YrkyX": { "value": "1.2 Basis of\npreparation and statement of compliance
\n\u00a0
\nThese consolidated\nfinancial statements have been prepared in accordance with the IFRS\nAccounting Standards as issued by the International Accounting\nStandards Board (IASB) and as adopted by the European Union (EU)\nand the requirements of the Maltese Companies Act, Cap.\n386.
\n\u00a0
\nThe consolidated\nfinancial statements are prepared on a historical cost basis, with\nthe exception of buildings, which are prepared on a revaluation\nbasis.
\n\u00a0
\nIFRS 10, Consolidated\nFinancial Statements , requires a parent company to prepare\nconsolidated financial statements in which it consolidates its\ninvestments in subsidiaries. The consolidated financial statements\nof the Group for the year ended 31 December 2025, comprise the\nCompany and its subsidiaries, Dino Fino Operations Limited and Dino\nFino Holdings Ltd.
\n\u00a0
\nSubsidiaries are all\nentities over which the Group has the power to govern the financial\nand operating policies generally accompanying a shareholding of\nmore than one half of the voting rights. The existence and effect\nof potential voting rights that are currently exercisable or\nconvertible are considered when assessing whether the group\ncontrols another entity.\u00a0
\n\u00a0
\nInter-company\ntransactions, balances and unrealised gains on transactions between\ngroup companies are eliminated. Unrealised losses are also\neliminated unless the transaction provides evidence of an\nimpairment of the asset transferred. Accounting policies of\nsubsidiaries have been changed where necessary to ensure\nconsistency with the policies adopted by the\nGroup.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "yCUnLnpIUe": { "value": "These consolidated\nfinancial statements have been prepared in accordance with the IFRS\nAccounting Standards as issued by the International Accounting\nStandards Board (IASB) and as adopted by the European Union (EU)\nand the requirements of the Maltese Companies Act, Cap.\n386.", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "v0it2z4KKR": { "value": "1.3 Going\nconcern
\n\u00a0
\nThe financial statements\nhave been prepared on a going concern basis, which assumes that the\nCompany will continue in operations for the foreseeable future and\nwill be able to meet its obligations as they become due. Dino Fino\nOperations Limited, the subsidiary of the Company,\u00a0is still\nfacing financial challenges that may cast doubt on its ability to\ncontinue as going concern. Management is actively pursuing measures\nto address these challenges, including cost cutting and refinancing\ninitiatives, intended to improve the subsidiary's\u00a0financial\nperformance and liquidity position. At 31 December 2025, the Group\nhad net current liabilities\u00a0of \u20ac3,374,723 (2024:\n\u20ac2,712,651)\u00a0and the Company had net current\nassets\u00a0of \u20ac383,479 (2024: \u20ac205,983). The ultimate\nparent of the group is negotiating new financing facilities which\nwill be injected in Dino Fino Operations Limited through an amount\nexpected to be capitalised by way of contribution in the\nCompany.\u00a0
\n\u00a0
\nIn addition to the above,\nthe ultimate beneficial owner of Dino Fino Group Ltd as the\nultimate parent, will be providing the necessary financial support\nto Dino Fino Finance plc and its subsidiaries to enable them to\nmeet all financial liabilities in full as they fall due, including\nthe debt securities in issue.
\n\u00a0
\nThe ability of the\nCompany and its subsidiary\u00a0to continue as a going concern is\ndependent on the successful implementation of the\u00a0plans to\naddress the challenges the subsidiary\u00a0faces and the projects\nto be undertaken by the ultimate parent as explained in the\ndirector\u2019s report. The directors are closely monitoring the\nsubsidiary's\u00a0financial position and is committed to taking\nfurther actions as necessary to ensure its viability. Should the\ndirectors' expectations not materialise, the subsidiary\u00a0may be\nunable to continue as a going concern. In such an event, the\nultimate beneficial owner will have to inject funds as required to\nensure that the Company retains sufficient resources and liquidity\nto enable it to settle its liabilities and safeguard the interests\nof its bondholders in full.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "oLXBgeSI0l": { "value": "2.1 New standards\nadopted as at 1 January 2025
\n\u00a0
\nSome accounting\npronouncements which have become effective from 1 January 2025 and\nhave therefore been adopted do not have a significant impact on the\nGroup\u2019s financial results or position.
\n\u00a0
\nAmendments that are\neffective for the first time in 2025 and could be applicable to the\nGroup are:
\n\u00b7\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nLack of Exchangeability (Amendments to IAS\n21)
\n\u00a0
\nThese amendments do not\nhave a significant impact on these financial statements and\ntherefore no disclosures have been made.
\n\u00a0
\n2.2 Standards,\namendments and interpretations to existing Standards that are not\nyet effective
\nand have not been\nadopted early by the Group
\n\u00a0
\nAt the date of\nauthorization of these financial statements, several new, but not\nyet effective, Standards and amendments to existing Standards, and\nInterpretations have been published by the International\nAccounting Standards Board (IASB) or\nInternational Financial Reporting Interpretations\nCommittee (IFRIC). None of\nthese Standards or amendments to existing Standards have been\nadopted early by the company and no Interpretations have been\nissued that are applicable and need to be taken into consideration\nby the company at either reporting date.
\n\u00a0
\n| \n \u25cf \n | \n\n Amendments to the\nClassification and Measurement of Financial Instruments (Amendments\nto IFRS 9 and IFRS 7) \n | \n
| \n \u25cf \n | \n\n Contracts Referencing\nNature-dependent Electricity (Amendments to IFRS 9 and IFRS\n7) \n | \n
| \n \u25cf \n | \n\n Annual Improvements to\nIFRS Accounting Standards\u2014Volume 11 \n | \n
| \n \u25cf \n | \n\n IFRS 19\n\u2018Subsidiaries without Public Accountability:\nDisclosures\u2019 \n | \n
| \n \u25cf \n | \n\n Amendments to IFRS 19\n\u2018Subsidiaries without Public Accountability:\nDisclosures\u2019 \n | \n
\u00a0
\nThese Standards and\namendments are not expected to have a significant impact on the\nfinancial statements in the period of initial application and\ntherefore no disclosures have been made.
\n\u00a0
\nManagement anticipates\nthat all relevant pronouncements will be adopted for the first\nperiod beginning on or after the effective date of the\npronouncement.
\nIn April\n2024, the IASB issued IFRS 18, which replaces IAS 1\n\u2018Presentation of Financial Statements\u2019. The adoption of\nIFRS 18 \u2018Presentation and Disclosure in financial\nstatements\u2019, effective for periods commencing on or after 1\nJanuary 2027, is expected to have a material impact on the\npresentation of the financial Statements, and therefore relevant\ndisclosures are included below.
\n\u00a0
\nAlthough\nIFRS 18 includes many of the requirements of IAS 1, it introduces\nnew requirements to better structure financial statements and to\nprovide more detailed and useful information to investors,\nincluding:
\n\u00a0
\n| \n \u25cf \n | \n\n two new subtotals defined\nin the statement of profit or loss, namely (1) operating profit and\n(2)\u00a0 \n | \n
| \n \u25cf \n | \n\n profit or loss before\nfinancing and income taxes \n | \n
| \n \u25cf \n | \n\n the classification of all\nincome and expenses within the statement of profit or loss in one\nof five categories \n | \n
| \n \u25cf \n | \n\n a new requirement to\ndisclose performance measures defined by management, and \n | \n
| \n \u25cf \n | \n\n an improvement in the\nprinciples related to the aggregation and disaggregation of\ninformation in the financial statements and accompanying\nnotes. \n | \n
\u00a0
\nIFRS 18\nwill be applied retrospectively with specific transitional\nprovisions.
\n\u00a0
\nThe Group\n is\ncurrently working to identify all of the impacts that IFRS 18 will\nhave on the primary \nfinancial statements and notes to\nthe financial\u00a0statements.
\n\u00a0
\nOther new\nstandards, amendments and Interpretations not adopted in the\ncurrent year have not been disclosed as they are not expected to\nhave a material impact on the company\u2019s financial\nstatements.
", "dimensions": { "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "DMd0dNIC.C": { "value": "3. Material accounting\npolicies
\n\u00a0
\nThe financial statements\nhave been prepared using the material accounting policies and\nmeasurement bases specified by IFRS as adopted by the EU for each\ntype of asset, liability, income and expense. The measurement bases\nare more fully described in the accounting policies\nbelow.
\n\u00a0
\nThe material accounting\npolicies have been consistently applied by the Group.
\n\u00a0
\n3.1\n\u00a0 Revenue recognition
\nRevenue is measured by\nreference to the fair value of consideration received or receivable\nby the Group for goods supplied, excluding VAT and trade\ndiscounts.\u00a0
\n\u00a0
\nTo determine whether to\nrecognise revenue, the Group follows a 5-step process:
\n\u00a0
\n| \n 1. \n | \n\n Identifying the contract with\na customer \n | \n
| \n 2. \n | \n\n Identifying the performance\nobligation(s) \n | \n
| \n 3. \n | \n\n Determining the transaction\nprice \n | \n
| \n 4. \n | \n\n Allocating the transaction\nprice to the performance obligation(s) \n | \n
| \n 5. \n | \n\n Recognising revenue when/as\nperformance obligation(s) is/are satisfied. \n | \n
\u00a0
\nThe Group often enters\ninto transactions involving a range of products and services. In\nall cases, the total transaction price for a contract is allocated\namongst the various performance obligations based on their relative\nstand-alone selling prices. The transaction price for a contract\nexcludes any amounts collected on behalf of third parties, VAT and\ntrade discounts.
\n\u00a0
\nRevenue is recognised\neither at a point in time or over time, when (or as) the Group\nsatisfies performance obligations by transferring the promised\ngoods or services to its customers.
\n\u00a0
\n3.2\n\u00a0 Expenses
\nExpenses are recognised\nin the statements of consolidated comprehensive income upon\nutilisation of the service or at the date of their\norigin.
\n\u00a0
\n3.3\n\u00a0 Foreign currency transactions and balances
\nTransactions in foreign\ncurrencies are translated to the functional currency at exchange\nrates at the dates of the transactions. Monetary assets and\nliabilities denominated in foreign currencies at the reporting date\nare retranslated to the functional currency at the exchange rate at\nthat date. The foreign currency gain or loss on monetary items is\nthe difference between amortised cost in the functional currency at\nthe beginning of the year, adjusted for the effective interest and\npayments during the year, and the amortised cost in foreign\ncurrency translated at the exchange rate at the end of the\nyear.\u00a0 Foreign currency differences arising on retranslation\nare recognised in the statement of consolidated comprehensive\nincome.
\n\u00a0
\n3.4\n\u00a0 Property, plant and equipment
\nProperty, plant and\nequipment are initially recorded at cost. They are subsequently\nstated at cost less accumulated depreciation and impairment losses,\nwith the exceptions of buildings, which are subsequently stated at\ntheir revalued amounts under the IAS 16 revaluation model, that is,\nat revaluated amounts less any subsequent depreciation, less any\nsubsequent impairment losses.
\n\u00a0
\nProperty, plant and\nequipment are derecognised on disposal or when no future economic\nbenefits are expected from their use or disposal. Gains or losses\narising from derecognition represent the difference between the net\ndisposal proceeds, if any, and the carrying amount, and are\nincluded in the statement of consolidated comprehensive income in\nthe year of derecognition.
\n\u00a0
\nDepreciation is provided\nat rates intended to write down the cost of the assets or revalued\namounts over their expected useful lives. The annual rates used are\nas follows:
\n\u00a0
\n| \n Building \n | \n\n 2% \n | \n|
| \n Improvements to\npremises \n | \n\n 10% \n | \n|
| \n Furniture and\nfittings \n | \n\n 10% \n | \n|
| \n Motor vehicle and other\nequipment \n | \n\n 20% \n | \n|
| \n Electrical and plumbing\ninstallations \n | \n\n 15% \n | \n|
| \n Computer equipment and\nsoftware \n | \n\n 25% \n | \n|
| \n Air-conditioners \n | \n\n \u00a0 \n | \n\n 25% \n | \n
| \n | \n | \n |
\u00a0
\n3.5\n\u00a0 Business combinations and goodwill
\nThe Group applies the\nacquisition method in accounting for business combinations. The\nconsideration transferred by the Group to obtain control of a\nsubsidiary is calculated as the sum of the acquisition-date fair\nvalues of assets transferred, liabilities incurred and the equity\ninterests issued by the Group, which includes the fair value of any\nasset or liability arising from a contingent consideration\narrangement. Acquisition costs are expensed as incurred.
\n\u00a0
\nThe Group recognises\nidentifiable assets acquired and liabilities assumed in a business\ncombination regardless of whether they have been previously\nrecognised in the acquiree\u2019s financial statements prior to\nthe acquisition. Assets acquired and liabilities assumed are\ngenerally measured at their acquisition-date fair\nvalues.
\n\u00a0
\nThe Group recognises any\nnon-controlling interest in the acquired entity on an\nacquisition-by-acquisition basis either at fair value or at the\nnon-controlling interest\u2019s proportionate share of the\nacquired entity\u2019s net identifiable assets.
\n\u00a0
\nGoodwill is stated after\nseparate recognition of identifiable intangible assets.\u00a0 It is\ncalculated as the excess of the sum of a) fair value of\nconsideration transferred, b) the recognised amount of any\nnon-controlling interest in the acquiree and c) acquisition-date\nfair value of any existing equity interest in the acquiree, over\nthe acquisition-date fair values of identifiable net assets.\u00a0\nIf the fair values of identifiable net assets exceed the sum\ncalculated above, the excess amount (that is, a gain on a bargain\npurchase) is recognised in the statement of consolidated\ncomprehensive income.
\n\u00a0
\nGoodwill represents the\nfuture economic benefits arising from a business combination that\nare not individually identified and separately recognised. Goodwill\nis carried at cost less accumulated impairment losses.
\n\u00a0
\nGoodwill is not amortised\nbut is reviewed for impairment at least annually. For the purpose\nof impairment testing, goodwill is allocated to each of the\nGroup\u2019s cash-generating units (or groups of cash-generating\nunits) expected to benefit from the synergies of the combination.\nCash-generating units to which goodwill has been allocated are\ntested for impairment annually, or more frequently when there is an\nindication that the unit may be impaired. If the recoverable amount\nof the cash-generating unit is less than the carrying amount of the\nunit, the impairment loss is allocated first to reduce the carrying\namount of any goodwill allocated to the unit and then to the other\nassets of the unit pro-rata on the basis of the carrying amount of\neach asset in the unit. An impairment loss recognised for goodwill\nis not reversed in a subsequent period.
\n\u00a0
\n3.6\n\u00a0 Intangible assets
\nIntangible assets will be\nrecognised in the future as a result of the recent restructuring,\nif they are probable that the expected future economic benefits\nthat are attributable to the asset will flow to the Group and the\ncost of the asset can be measured reliably. Intangible assets are\ninitially measured at cost, being the fair value at the acquisition\ndate for intangible assets acquired in a business combination.\nExpenditure on an intangible asset is recognised as an expense in\nthe year when it is incurred unless it forms part of the cost of\nthe asset that meets the recognition criteria or the item is\nacquired in a business combination and cannot be recognised as an\nintangible asset, in which case it forms part of goodwill at the\nacquisition date.
\n\u00a0
\nThe useful life of\nintangible assets is assessed to determine whether it is finite or\nindefinite. Intangible assets with a finite useful life are\namortised. Amortisation is charged to profit or loss so as to write\noff the cost of intangible assets less any estimated residual\nvalue, over their estimated useful lives. The amortisation method\napplied, the residual value and the useful life are reviewed, and\nadjusted if appropriate, at the end of each reporting\nyear.
\n\u00a0
\nIntangible assets are\nderecognised on disposal or when no future economic benefits are\nexpected from their use or disposal. Gains or losses arising from\nderecognition represent the difference between the net disposal\nproceeds, if any, and the carrying amount, and are included in the\nstatement of consolidated comprehensive income in the year of\nderecognition.
\n\u00a0
\nAfter initial\nrecognition, each class of intangible assets may be carried at cost\nless any accumulated amortisation and any accumulated impairment\nlosses.
\n\u00a0
\nAmortisation is\ncalculated using the straight-line method over a period of 25\nyears.
\n\u00a0
\n3.7\n\u00a0 Leases
\n\u00a0
\n3.7.1\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nThe Group as a lessee
\n\u00a0
\nFor any new contracts\nentered into, the Group considers whether a contract is, or\ncontains a lease. A lease is defined as \u2018a contract, or part\nof a contract, that conveys the right to use an asset (the\nunderlying asset) for a period of time in exchange for\nconsideration. To apply this definition, the Group assesses whether\nthe contract meets three key evaluations which are\nwhether:
\n\u00a0
\n| \n \u2022 \n | \n\n the contract contains an\nidentified asset, which is either explicitly identified in the\ncontract or implicitly specified by being identified at the time\nthe asset is made available to the Group; \n | \n
| \n \u2022 \n | \n\n the Group has the right\nto obtain substantially all of the economic benefits from use of\nthe identified asset throughout the period of use, considering its\nrights within the defined scope of the contract; and \n | \n
| \n \u2022 \n | \n\n the Group has the right\nto direct the use of the identified asset throughout the period of\nuse. The Group assesses whether it has the right to direct\n\u2018how and for what purpose\u2019 the asset is used throughout\nthe period of use. \n | \n
\u00a0
\n3.7.2\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nMeasurement and recognition of leases as a\nlessee
\n\u00a0
\nAt lease commencement\ndate, the Group recognises a right-of-use asset and a lease\nliability on the statement of consolidated financial position. The\nright-of-use asset is measured at cost, which is made up of the\ninitial measurement of the lease liability, any initial direct\ncosts incurred by the Group, an estimate of any costs to dismantle\nand remove the asset at the end of the lease, and any lease\npayments made in advance of the commencement date (net of any\nincentives received).
\n\u00a0
\nThe Group depreciates the\nright-of-use assets on a straight-line basis from the lease\ncommencement date to the earlier of the end of the useful life of\nthe right-of-use asset or the end of the lease term.\u00a0 The\nGroup also assesses the right-of-use asset for impairment when such\nindicators exist.
\n\u00a0
\nAt lease commencement\ndate, the Group measures the lease liability at the present value\nof the lease payments unpaid at that date, discounted using the\ninterest rate implicit in the lease if that rate is readily\navailable or the Group\u2019s incremental borrowing\nrate.
\n\u00a0
\nLease payments included\nin the measurement of the lease liability are made up of fixed\npayments (including in substance fixed), variable payments based on\nan index or rate, amounts expected to be payable under a residual\nvalue guarantee and payments arising from options reasonably\ncertain to be exercised.
\n\u00a0
\nSubsequent to initial\nmeasurement, the liability will be reduced for payments made and\nincreased for interest. It is remeasured to reflect any\nreassessment or modification, or if there are changes in\nin-substance fixed payments.
\n\u00a0
\nWhen the lease liability\nis remeasured, the corresponding adjustment is reflected in the\nright-of-use asset, or profit and loss if the right-of-use asset is\nalready reduced to zero.
\n\u00a0
\nThe Group has elected to\naccount for leases of low-value assets using the practical\nexpedients.\u00a0 Instead of recognising a right-of-use asset and\nlease liability, the payments in relation to these are recognised\nas an expense in the statement of consolidated comprehensive income\non a straight-line basis over the lease term.
\n\u00a0
\nOn the statement of\nconsolidated financial position, the Group has opted to disclose\nthe right-of-use assets and lease liabilities as separate financial\nstatement line items.
\n\u00a0
\n3.8\n\u00a0 Impairment of non-financial assets
\n\u00a0
\nThe Group\u2019s\ngoodwill, property, plant and equipment, intangible assets and\nright-of-use assets are tested for impairment.
\n\u00a0
\nThe carrying amounts of\nthe Group\u2019s assets are reviewed at each reporting date to\ndetermine whether there is any indication of impairment. If any\nsuch indication exists, the asset\u2019s recoverable amount is\nestimated. The recoverable amount of an asset is the higher of its\nfair value less costs to sell and its value in use.
\n\u00a0
\nWhenever the carrying\namount of an asset exceeds its recoverable amount, an impairment\nloss is recognised and the carrying amount of the asset is reduced\nto its recoverable amount. Impairment losses are recognised\nimmediately in the statement of consolidated comprehensive income,\nunless they relate to an asset which is carried at revalued amount,\nin which case they are treated as a revaluation decrease to the\nextent that the impairment loss does not exceed the amount in the\nrevaluation surplus for that asset.
\n\u00a0
\nThe carrying amounts of\nGroup\u2019s assets are also reviewed at each balance sheet date\nto determine whether there is any indication that an impairment\nloss recognised in prior years may no longer exist or may have\ndecreased. If any such indication exists, the asset\u2019s\nrecoverable amount is estimated. An impairment loss previously\nrecognised is reversed only if there has been a change in the\nestimates used to determine the asset\u2019s recoverable amount\nsince the last impairment loss was recognised. When an impairment\nloss subsequently reverses, the carrying amount of the asset is\nincreased to the revised estimate of its recoverable amount, to the\nextent that it does not exceed the carrying amount that would have\nbeen determined had no impairment loss been recognised for the\nasset in prior years. Impairment reversals are recognised\nimmediately in statement of consolidated comprehensive income,\nunless they relate to an asset which is carried at revalued amount,\nin which case they are treated as a revaluation increase unless an\nimpairment loss on the same asset was previously recognised in\nstatement of consolidated comprehensive income.
\n\u00a0
\n3.9\n\u00a0 Financial instruments
\n\u00a0
\n3.9.1\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nRecognition and derecognition
\n\u00a0
\nFinancial assets and\nfinancial liabilities are recognised when the Group becomes a party\nto the contractual provisions of the financial\ninstrument.
\n\u00a0
\nFinancial assets are\nderecognised when the contractual rights to the cash flows from the\nfinancial asset expire, or when the financial asset and all\nsubstantial risks and rewards are transferred. A financial\nliability is derecognised when it is extinguished, discharged,\ncancelled or expires.
\n\u00a0
\nExcept for those trade\nreceivables that do not contain a significant financing component\nand are measured at the transaction price in accordance with IFRS\n15, all financial assets are initially measured at fair value\nadjusted for transaction costs (where applicable).
\n\u00a0
\nFinancial assets are\nclassified into the following categories:
\n\u00a0
\n| \n \u2022 \n | \n\n amortised\ncost; \n | \n
| \n \u2022 \n | \n\n fair value through profit\nor loss (FVTPL); and \n | \n
| \n \u2022 \n | \n\n fair value through other\ncomprehensive income (FVOCI). \n | \n
\u00a0
\nThe Group does not have\nany financial assets categorised as FVTPL and FVOCI in the years\npresented.
\n\u00a0
\nThe classification is\ndetermined by both:
\n\u00a0
\n| \n \u2022 \n | \n\n the entity\u2019s\nbusiness model for managing the financial asset; and \n | \n
| \n \u2022 \n | \n\n the contractual cash flow\ncharacteristics of the financial asset. \n | \n
\u00a0
\nAll income and expenses\nrelating to financial assets that are recognised in the statement\nof consolidated comprehensive income are presented within\n\u2018net finance costs\u2019.
\n\u00a0
\n3.9.2\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nSubsequent measurement of financial\nassets
\n\u00a0
\n3.9.2.1\n\u00a0\u00a0 Financial assets at amortised cost
\n\u00a0
\nFinancial assets are\nmeasured at amortised cost if the assets meet the following\nconditions (and are not designated as FVTPL):
\n\u00a0
\n| \n \u2022 \n | \n\n they are held within a\nbusiness model whose objective is to hold the financial assets and\ncollect its contractual cash flows; and \n | \n
| \n \u2022 \n | \n\n the contractual terms of\nthe financial assets give rise to cash flows that are solely\npayments of principal and interest on the principal amount\noutstanding. \n | \n
\u00a0
\nAfter initial\nrecognition, these are measured at amortised cost using the\neffective interest method. Discounting is omitted where the effect\nof discounting is immaterial.\u00a0 The Group\u2019s cash and cash\nequivalents, trade and other receivables except prepayments,\nindirect taxes, current tax asset and other receivables fall into\nthis category of financial instruments.
\n\u00a0
\nIFRS 9\u2019s impairment\nrequirements use more forward-looking information to recognise\nexpected credit losses \u2013 the \u2018expected credit loss\n(ECL) model\u2019. Instruments within the scope of the new\nrequirements included loans and other debt-type financial assets\nmeasured at amortised cost and FVOCI, trade receivables, contract\nassets recognised and measured under IFRS 15 and loan commitments\nand some financial guarantee contracts (for the issuer) that are\nnot measured at FVTPL.
\n\u00a0
\n3.9.2.2\n\u00a0\u00a0 Impairment of financial assets
\n\u00a0
\nThe Group considers a\nbroad range of information when assessing credit risk and measuring\nECL, including past events, current conditions and reasonable and\nsupportable forecasts that affect the expected collectability of\nthe future cash flows of the instrument.
\n\u00a0
\nIn applying this\nforward-looking approach, a distinction is made between:
\n\u00a0
\n| \n \u2022 \n | \n\n financial instruments\nthat have not deteriorated significantly in credit quality since\ninitial recognition or that have low credit risk (\u2018Stage\n1\u2019) and \n | \n
| \n \u2022 \n | \n\n financial instruments\nthat have deteriorated significantly in credit quality since\ninitial recognition and whose credit risk is not low (\u2018Stage\n2\u2019). \n | \n
\u00a0
\n\u2018Stage 3\u2019\nwould cover financial assets that have objective evidence of\nimpairment at the reporting date.
\n\u00a0
\n\u201812-month\nECL\u2019 are recognised for the first category while\n\u2018lifetime ECL\u2019 are recognised for the second\ncategory.
\n\u00a0
\nMeasurement of the ECL is\ndetermined by a probability-weighted estimate of credit losses over\nthe expected life of the financial instrument.
\n\u00a0
\n3.9.3\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nClassification and measurement of financial\nliabilities
\n\u00a0
\nThe Group\u2019s\nfinancial liabilities include trade and other payables except\ndeposits on order, statutory liabilities, other payables, lease\nliabilities, borrowings and debt securities in issue.
\n\u00a0
\nFinancial liabilities are\ninitially measured at fair value and, where applicable, adjusted\nfor transaction costs unless the Group designates a financial\nliability at FVTPL. All financial liabilities on the statement of\nfinancial position are financial liabilities at amortised\ncost.
\n\u00a0
\nSubsequently, financial\nliabilities are measured at amortised cost using the effective\ninterest method.
\n\u00a0
\nAll interest-related\ncharges and, if applicable, changes in an instrument\u2019s fair\nvalue that are reported in the statement of consolidated\ncomprehensive income are included within \u2018net finance\ncosts\u2019.
\n\u00a0
\nDebt securities in issue\nare recognised initially at fair value, which is the sum of the\npresent value of the principal amount and the present value of the\nfuture interest payments.
\n\u00a0
\nDebt securities in issue\nare classified and measured as financial liabilities at amortised\ncost, using the effective interest method. Interest expense is\nrecognised using the effective interest rate, which is the rate\nthat exactly discounts the expected cash flows through the expected\nlife of the debt securities in issue.
\n\u00a0
\n3.9.4\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nOffsetting financial instruments
\n\u00a0
\nFinancial assets and\nliabilities are offset and the net amount reported in the statement\nof consolidated financial position when there is a legally\nenforceable right to set off the recognised amounts and there is an\nintention to settle on a net basis, or realise the asset and settle\nthe liability simultaneously.
\n\u00a0
\n3.9.5\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nCash and cash equivalents
\n\u00a0
\nCash and cash equivalents\ncomprise cash in hand and deposits repayable on demand.
\n\u00a0
\n3.9.6\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nEquity and reserves
\n\u00a0
\nOrdinary shares are\nclassified as equity.\u00a0 Incremental costs directly attributable\nto issue of ordinary shares are recognised as a deduction from\nequity.
\n\u00a0
\nAccumulated losses\ninclude current and prior period results.
\n\u00a0
\nShareholder contributions\nare recognized directly in equity when the Group receives resources\nfrom shareholders without an obligation to repay and without the\nissuance of new shares. Such contributions are recorded in a\nseparate component of equity, distinct from share capital and\nretained earnings, and are not recycled through profit or\nloss.
\n\u00a0
\n3.10\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nInventories
\nInventories are valued at\nthe lower of cost and net realisable value (NRV). NRV is the\nestimated selling price in the ordinary course of the business,\nless the costs of completion and selling expenses. Any write-down\nto NRV should be recognised as an expense in the period in which\nthe write-down occurs. Any reversal should be recognised in the\nstatement of consolidated comprehensive income in the period in\nwhich the reversal occurs.
\n\u00a0
\n3.11\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nIncome taxation
\n\u00a0
\nTax expense recognised in\nthe statement of consolidated comprehensive income comprises the\nsum of deferred tax and current tax not recognised in other\ncomprehensive income or directly in equity.
\n\u00a0
\nCurrent income tax assets\nand/or liabilities comprise those obligations to, or claims from,\nfiscal authorities relating to the current or prior reporting\nperiods, that are unpaid at the reporting date. Current tax is\npayable on taxable profit, which differs from the statement of\nconsolidated comprehensive income in the financial statements.\nCalculation of current tax is based on tax rates and tax laws that\nhave been enacted or substantively enacted by the end of the\nreporting period.
\n\u00a0
\nDeferred income taxes are\ncalculated using the liability method on temporary differences\nbetween the carrying amounts of assets and liabilities and their\ntax bases. However, deferred tax is not provided on the initial\nrecognition of an asset or liability unless the related transaction\naffects tax or accounting profit. Tax losses available to be\ncarried forward are assessed for recognition of deferred tax\nassets.
\n\u00a0
\nDeferred tax assets and\nliabilities are calculated, without discounting, at tax rates that\nare expected to apply to their respective period of realisation,\nprovided they are enacted or substantively enacted by the end of\nthe reporting period. Deferred tax assets are recognised to the\nextent that it is probable that they will be able to be utilised\nagainst future taxable income. Deferred tax liabilities are always\nprovided for in full. Deferred tax assets and liabilities are\noffset only when the Group has a right and intention to set off\ncurrent tax assets and liabilities from the same taxation\nauthority.
\n\u00a0
\nChanges in deferred tax\nassets or liabilities are recognised as a component of tax income\nor expense in the statement of consolidated comprehensive income,\nexcept where they relate to items that are recognised in other\ncomprehensive income or directly in equity, in which case the\nrelated deferred tax is also recognised in other comprehensive\nincome or directly in equity, respectively.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "VBHqb9_3V4": { "value": "3.1\n\u00a0 Revenue recognition
\nRevenue is measured by\nreference to the fair value of consideration received or receivable\nby the Group for goods supplied, excluding VAT and trade\ndiscounts.\u00a0
\n\u00a0
\nTo determine whether to\nrecognise revenue, the Group follows a 5-step process:
\n\u00a0
\n| \n 1. \n | \n\n Identifying the contract with\na customer \n | \n
| \n 2. \n | \n\n Identifying the performance\nobligation(s) \n | \n
| \n 3. \n | \n\n Determining the transaction\nprice \n | \n
| \n 4. \n | \n\n Allocating the transaction\nprice to the performance obligation(s) \n | \n
| \n 5. \n | \n\n Recognising revenue when/as\nperformance obligation(s) is/are satisfied. \n | \n
\u00a0
\nThe Group often enters\ninto transactions involving a range of products and services. In\nall cases, the total transaction price for a contract is allocated\namongst the various performance obligations based on their relative\nstand-alone selling prices. The transaction price for a contract\nexcludes any amounts collected on behalf of third parties, VAT and\ntrade discounts.
\n\u00a0
\nRevenue is recognised\neither at a point in time or over time, when (or as) the Group\nsatisfies performance obligations by transferring the promised\ngoods or services to its customers.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "F0hhE03cg6": { "value": "3.2\n\u00a0 Expenses
\nExpenses are recognised\nin the statements of consolidated comprehensive income upon\nutilisation of the service or at the date of their\norigin.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "hr-l1C1yyi": { "value": "3.4\n\u00a0 Property, plant and equipment
\nProperty, plant and\nequipment are initially recorded at cost. They are subsequently\nstated at cost less accumulated depreciation and impairment losses,\nwith the exceptions of buildings, which are subsequently stated at\ntheir revalued amounts under the IAS 16 revaluation model, that is,\nat revaluated amounts less any subsequent depreciation, less any\nsubsequent impairment losses.
\n\u00a0
\nProperty, plant and\nequipment are derecognised on disposal or when no future economic\nbenefits are expected from their use or disposal. Gains or losses\narising from derecognition represent the difference between the net\ndisposal proceeds, if any, and the carrying amount, and are\nincluded in the statement of consolidated comprehensive income in\nthe year of derecognition.
\n\u00a0
\nDepreciation is provided\nat rates intended to write down the cost of the assets or revalued\namounts over their expected useful lives. The annual rates used are\nas follows:
\n\u00a0
\n| \n Building \n | \n\n 2% \n | \n|
| \n Improvements to\npremises \n | \n\n 10% \n | \n|
| \n Furniture and\nfittings \n | \n\n 10% \n | \n|
| \n Motor vehicle and other\nequipment \n | \n\n 20% \n | \n|
| \n Electrical and plumbing\ninstallations \n | \n\n 15% \n | \n|
| \n Computer equipment and\nsoftware \n | \n\n 25% \n | \n|
| \n Air-conditioners \n | \n\n \u00a0 \n | \n\n 25% \n | \n
| \n | \n | \n |
Depreciation is provided\nat rates intended to write down the cost of the assets or revalued\namounts over their expected useful lives. The annual rates used are\nas follows:
\n\u00a0
\n| \n Building \n | \n\n 2% \n | \n|
| \n Improvements to\npremises \n | \n\n 10% \n | \n|
| \n Furniture and\nfittings \n | \n\n 10% \n | \n|
| \n Motor vehicle and other\nequipment \n | \n\n 20% \n | \n|
| \n Electrical and plumbing\ninstallations \n | \n\n 15% \n | \n|
| \n Computer equipment and\nsoftware \n | \n\n 25% \n | \n|
| \n Air-conditioners \n | \n\n \u00a0 \n | \n\n 25% \n | \n
| \n | \n | \n |
3.5\n\u00a0 Business combinations and goodwill
\nThe Group applies the\nacquisition method in accounting for business combinations. The\nconsideration transferred by the Group to obtain control of a\nsubsidiary is calculated as the sum of the acquisition-date fair\nvalues of assets transferred, liabilities incurred and the equity\ninterests issued by the Group, which includes the fair value of any\nasset or liability arising from a contingent consideration\narrangement. Acquisition costs are expensed as incurred.
\n\u00a0
\nThe Group recognises\nidentifiable assets acquired and liabilities assumed in a business\ncombination regardless of whether they have been previously\nrecognised in the acquiree\u2019s financial statements prior to\nthe acquisition. Assets acquired and liabilities assumed are\ngenerally measured at their acquisition-date fair\nvalues.
\n\u00a0
\nThe Group recognises any\nnon-controlling interest in the acquired entity on an\nacquisition-by-acquisition basis either at fair value or at the\nnon-controlling interest\u2019s proportionate share of the\nacquired entity\u2019s net identifiable assets.
\n\u00a0
\nGoodwill is stated after\nseparate recognition of identifiable intangible assets.\u00a0 It is\ncalculated as the excess of the sum of a) fair value of\nconsideration transferred, b) the recognised amount of any\nnon-controlling interest in the acquiree and c) acquisition-date\nfair value of any existing equity interest in the acquiree, over\nthe acquisition-date fair values of identifiable net assets.\u00a0\nIf the fair values of identifiable net assets exceed the sum\ncalculated above, the excess amount (that is, a gain on a bargain\npurchase) is recognised in the statement of consolidated\ncomprehensive income.
\n\u00a0
\nGoodwill represents the\nfuture economic benefits arising from a business combination that\nare not individually identified and separately recognised. Goodwill\nis carried at cost less accumulated impairment losses.
\n\u00a0
\nGoodwill is not amortised\nbut is reviewed for impairment at least annually. For the purpose\nof impairment testing, goodwill is allocated to each of the\nGroup\u2019s cash-generating units (or groups of cash-generating\nunits) expected to benefit from the synergies of the combination.\nCash-generating units to which goodwill has been allocated are\ntested for impairment annually, or more frequently when there is an\nindication that the unit may be impaired. If the recoverable amount\nof the cash-generating unit is less than the carrying amount of the\nunit, the impairment loss is allocated first to reduce the carrying\namount of any goodwill allocated to the unit and then to the other\nassets of the unit pro-rata on the basis of the carrying amount of\neach asset in the unit. An impairment loss recognised for goodwill\nis not reversed in a subsequent period.
\n\u00a0
\n3.6\n\u00a0 Intangible assets
\nIntangible assets will be\nrecognised in the future as a result of the recent restructuring,\nif they are probable that the expected future economic benefits\nthat are attributable to the asset will flow to the Group and the\ncost of the asset can be measured reliably. Intangible assets are\ninitially measured at cost, being the fair value at the acquisition\ndate for intangible assets acquired in a business combination.\nExpenditure on an intangible asset is recognised as an expense in\nthe year when it is incurred unless it forms part of the cost of\nthe asset that meets the recognition criteria or the item is\nacquired in a business combination and cannot be recognised as an\nintangible asset, in which case it forms part of goodwill at the\nacquisition date.
\n\u00a0
\nThe useful life of\nintangible assets is assessed to determine whether it is finite or\nindefinite. Intangible assets with a finite useful life are\namortised. Amortisation is charged to profit or loss so as to write\noff the cost of intangible assets less any estimated residual\nvalue, over their estimated useful lives. The amortisation method\napplied, the residual value and the useful life are reviewed, and\nadjusted if appropriate, at the end of each reporting\nyear.
\n\u00a0
\nIntangible assets are\nderecognised on disposal or when no future economic benefits are\nexpected from their use or disposal. Gains or losses arising from\nderecognition represent the difference between the net disposal\nproceeds, if any, and the carrying amount, and are included in the\nstatement of consolidated comprehensive income in the year of\nderecognition.
\n\u00a0
\nAfter initial\nrecognition, each class of intangible assets may be carried at cost\nless any accumulated amortisation and any accumulated impairment\nlosses.
\n\u00a0
\nAmortisation is\ncalculated using the straight-line method over a period of 25\nyears.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "IN.Bof1LyJ": { "value": "3.5\n\u00a0 Business combinations and goodwill
\nThe Group applies the\nacquisition method in accounting for business combinations. The\nconsideration transferred by the Group to obtain control of a\nsubsidiary is calculated as the sum of the acquisition-date fair\nvalues of assets transferred, liabilities incurred and the equity\ninterests issued by the Group, which includes the fair value of any\nasset or liability arising from a contingent consideration\narrangement. Acquisition costs are expensed as incurred.
\n\u00a0
\nThe Group recognises\nidentifiable assets acquired and liabilities assumed in a business\ncombination regardless of whether they have been previously\nrecognised in the acquiree\u2019s financial statements prior to\nthe acquisition. Assets acquired and liabilities assumed are\ngenerally measured at their acquisition-date fair\nvalues.
\n\u00a0
\nThe Group recognises any\nnon-controlling interest in the acquired entity on an\nacquisition-by-acquisition basis either at fair value or at the\nnon-controlling interest\u2019s proportionate share of the\nacquired entity\u2019s net identifiable assets.
\n\u00a0
\nGoodwill is stated after\nseparate recognition of identifiable intangible assets.\u00a0 It is\ncalculated as the excess of the sum of a) fair value of\nconsideration transferred, b) the recognised amount of any\nnon-controlling interest in the acquiree and c) acquisition-date\nfair value of any existing equity interest in the acquiree, over\nthe acquisition-date fair values of identifiable net assets.\u00a0\nIf the fair values of identifiable net assets exceed the sum\ncalculated above, the excess amount (that is, a gain on a bargain\npurchase) is recognised in the statement of consolidated\ncomprehensive income.
\n\u00a0
\nGoodwill represents the\nfuture economic benefits arising from a business combination that\nare not individually identified and separately recognised. Goodwill\nis carried at cost less accumulated impairment losses.
\n\u00a0
\nGoodwill is not amortised\nbut is reviewed for impairment at least annually. For the purpose\nof impairment testing, goodwill is allocated to each of the\nGroup\u2019s cash-generating units (or groups of cash-generating\nunits) expected to benefit from the synergies of the combination.\nCash-generating units to which goodwill has been allocated are\ntested for impairment annually, or more frequently when there is an\nindication that the unit may be impaired. If the recoverable amount\nof the cash-generating unit is less than the carrying amount of the\nunit, the impairment loss is allocated first to reduce the carrying\namount of any goodwill allocated to the unit and then to the other\nassets of the unit pro-rata on the basis of the carrying amount of\neach asset in the unit. An impairment loss recognised for goodwill\nis not reversed in a subsequent period.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "SpMZPT0s08": { "value": "Goodwill represents the\nfuture economic benefits arising from a business combination that\nare not individually identified and separately recognised. Goodwill\nis carried at cost less accumulated impairment losses.
\n\u00a0
\nGoodwill is not amortised\nbut is reviewed for impairment at least annually. For the purpose\nof impairment testing, goodwill is allocated to each of the\nGroup\u2019s cash-generating units (or groups of cash-generating\nunits) expected to benefit from the synergies of the combination.\nCash-generating units to which goodwill has been allocated are\ntested for impairment annually, or more frequently when there is an\nindication that the unit may be impaired. If the recoverable amount\nof the cash-generating unit is less than the carrying amount of the\nunit, the impairment loss is allocated first to reduce the carrying\namount of any goodwill allocated to the unit and then to the other\nassets of the unit pro-rata on the basis of the carrying amount of\neach asset in the unit. An impairment loss recognised for goodwill\nis not reversed in a subsequent period.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "VKvpxImx8y": { "value": "3.6\n\u00a0 Intangible assets
\nIntangible assets will be\nrecognised in the future as a result of the recent restructuring,\nif they are probable that the expected future economic benefits\nthat are attributable to the asset will flow to the Group and the\ncost of the asset can be measured reliably. Intangible assets are\ninitially measured at cost, being the fair value at the acquisition\ndate for intangible assets acquired in a business combination.\nExpenditure on an intangible asset is recognised as an expense in\nthe year when it is incurred unless it forms part of the cost of\nthe asset that meets the recognition criteria or the item is\nacquired in a business combination and cannot be recognised as an\nintangible asset, in which case it forms part of goodwill at the\nacquisition date.
\n\u00a0
\nThe useful life of\nintangible assets is assessed to determine whether it is finite or\nindefinite. Intangible assets with a finite useful life are\namortised. Amortisation is charged to profit or loss so as to write\noff the cost of intangible assets less any estimated residual\nvalue, over their estimated useful lives. The amortisation method\napplied, the residual value and the useful life are reviewed, and\nadjusted if appropriate, at the end of each reporting\nyear.
\n\u00a0
\nIntangible assets are\nderecognised on disposal or when no future economic benefits are\nexpected from their use or disposal. Gains or losses arising from\nderecognition represent the difference between the net disposal\nproceeds, if any, and the carrying amount, and are included in the\nstatement of consolidated comprehensive income in the year of\nderecognition.
\n\u00a0
\nAfter initial\nrecognition, each class of intangible assets may be carried at cost\nless any accumulated amortisation and any accumulated impairment\nlosses.
\n\u00a0
\nAmortisation is\ncalculated using the straight-line method over a period of 25\nyears.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "PNSx_W-Vkr": { "value": "3.7\n\u00a0 Leases
\n\u00a0
\n3.7.1\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nThe Group as a lessee
\n\u00a0
\nFor any new contracts\nentered into, the Group considers whether a contract is, or\ncontains a lease. A lease is defined as \u2018a contract, or part\nof a contract, that conveys the right to use an asset (the\nunderlying asset) for a period of time in exchange for\nconsideration. To apply this definition, the Group assesses whether\nthe contract meets three key evaluations which are\nwhether:
\n\u00a0
\n| \n \u2022 \n | \n\n the contract contains an\nidentified asset, which is either explicitly identified in the\ncontract or implicitly specified by being identified at the time\nthe asset is made available to the Group; \n | \n
| \n \u2022 \n | \n\n the Group has the right\nto obtain substantially all of the economic benefits from use of\nthe identified asset throughout the period of use, considering its\nrights within the defined scope of the contract; and \n | \n
| \n \u2022 \n | \n\n the Group has the right\nto direct the use of the identified asset throughout the period of\nuse. The Group assesses whether it has the right to direct\n\u2018how and for what purpose\u2019 the asset is used throughout\nthe period of use. \n | \n
\u00a0
\n3.7.2\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nMeasurement and recognition of leases as a\nlessee
\n\u00a0
\nAt lease commencement\ndate, the Group recognises a right-of-use asset and a lease\nliability on the statement of consolidated financial position. The\nright-of-use asset is measured at cost, which is made up of the\ninitial measurement of the lease liability, any initial direct\ncosts incurred by the Group, an estimate of any costs to dismantle\nand remove the asset at the end of the lease, and any lease\npayments made in advance of the commencement date (net of any\nincentives received).
\n\u00a0
\nThe Group depreciates the\nright-of-use assets on a straight-line basis from the lease\ncommencement date to the earlier of the end of the useful life of\nthe right-of-use asset or the end of the lease term.\u00a0 The\nGroup also assesses the right-of-use asset for impairment when such\nindicators exist.
\n\u00a0
\nAt lease commencement\ndate, the Group measures the lease liability at the present value\nof the lease payments unpaid at that date, discounted using the\ninterest rate implicit in the lease if that rate is readily\navailable or the Group\u2019s incremental borrowing\nrate.
\n\u00a0
\nLease payments included\nin the measurement of the lease liability are made up of fixed\npayments (including in substance fixed), variable payments based on\nan index or rate, amounts expected to be payable under a residual\nvalue guarantee and payments arising from options reasonably\ncertain to be exercised.
\n\u00a0
\nSubsequent to initial\nmeasurement, the liability will be reduced for payments made and\nincreased for interest. It is remeasured to reflect any\nreassessment or modification, or if there are changes in\nin-substance fixed payments.
\n\u00a0
\nWhen the lease liability\nis remeasured, the corresponding adjustment is reflected in the\nright-of-use asset, or profit and loss if the right-of-use asset is\nalready reduced to zero.
\n\u00a0
\nThe Group has elected to\naccount for leases of low-value assets using the practical\nexpedients.\u00a0 Instead of recognising a right-of-use asset and\nlease liability, the payments in relation to these are recognised\nas an expense in the statement of consolidated comprehensive income\non a straight-line basis over the lease term.
\n\u00a0
\nOn the statement of\nconsolidated financial position, the Group has opted to disclose\nthe right-of-use assets and lease liabilities as separate financial\nstatement line items.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "NOz6Id7LAn": { "value": "3.8\n\u00a0 Impairment of non-financial assets
\n\u00a0
\nThe Group\u2019s\ngoodwill, property, plant and equipment, intangible assets and\nright-of-use assets are tested for impairment.
\n\u00a0
\nThe carrying amounts of\nthe Group\u2019s assets are reviewed at each reporting date to\ndetermine whether there is any indication of impairment. If any\nsuch indication exists, the asset\u2019s recoverable amount is\nestimated. The recoverable amount of an asset is the higher of its\nfair value less costs to sell and its value in use.
\n\u00a0
\nWhenever the carrying\namount of an asset exceeds its recoverable amount, an impairment\nloss is recognised and the carrying amount of the asset is reduced\nto its recoverable amount. Impairment losses are recognised\nimmediately in the statement of consolidated comprehensive income,\nunless they relate to an asset which is carried at revalued amount,\nin which case they are treated as a revaluation decrease to the\nextent that the impairment loss does not exceed the amount in the\nrevaluation surplus for that asset.
\n\u00a0
\nThe carrying amounts of\nGroup\u2019s assets are also reviewed at each balance sheet date\nto determine whether there is any indication that an impairment\nloss recognised in prior years may no longer exist or may have\ndecreased. If any such indication exists, the asset\u2019s\nrecoverable amount is estimated. An impairment loss previously\nrecognised is reversed only if there has been a change in the\nestimates used to determine the asset\u2019s recoverable amount\nsince the last impairment loss was recognised. When an impairment\nloss subsequently reverses, the carrying amount of the asset is\nincreased to the revised estimate of its recoverable amount, to the\nextent that it does not exceed the carrying amount that would have\nbeen determined had no impairment loss been recognised for the\nasset in prior years. Impairment reversals are recognised\nimmediately in statement of consolidated comprehensive income,\nunless they relate to an asset which is carried at revalued amount,\nin which case they are treated as a revaluation increase unless an\nimpairment loss on the same asset was previously recognised in\nstatement of consolidated comprehensive income.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "KMx8o5X0Hd": { "value": "3.9\n\u00a0 Financial instruments
\n\u00a0
\n3.9.1\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nRecognition and derecognition
\n\u00a0
\nFinancial assets and\nfinancial liabilities are recognised when the Group becomes a party\nto the contractual provisions of the financial\ninstrument.
\n\u00a0
\nFinancial assets are\nderecognised when the contractual rights to the cash flows from the\nfinancial asset expire, or when the financial asset and all\nsubstantial risks and rewards are transferred. A financial\nliability is derecognised when it is extinguished, discharged,\ncancelled or expires.
\n\u00a0
\nExcept for those trade\nreceivables that do not contain a significant financing component\nand are measured at the transaction price in accordance with IFRS\n15, all financial assets are initially measured at fair value\nadjusted for transaction costs (where applicable).
\n\u00a0
\nFinancial assets are\nclassified into the following categories:
\n\u00a0
\n| \n \u2022 \n | \n\n amortised\ncost; \n | \n
| \n \u2022 \n | \n\n fair value through profit\nor loss (FVTPL); and \n | \n
| \n \u2022 \n | \n\n fair value through other\ncomprehensive income (FVOCI). \n | \n
\u00a0
\nThe Group does not have\nany financial assets categorised as FVTPL and FVOCI in the years\npresented.
\n\u00a0
\nThe classification is\ndetermined by both:
\n\u00a0
\n| \n \u2022 \n | \n\n the entity\u2019s\nbusiness model for managing the financial asset; and \n | \n
| \n \u2022 \n | \n\n the contractual cash flow\ncharacteristics of the financial asset. \n | \n
\u00a0
\nAll income and expenses\nrelating to financial assets that are recognised in the statement\nof consolidated comprehensive income are presented within\n\u2018net finance costs\u2019.
\n\u00a0
\n3.9.2\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nSubsequent measurement of financial\nassets
\n\u00a0
\n3.9.2.1\n\u00a0\u00a0 Financial assets at amortised cost
\n\u00a0
\nFinancial assets are\nmeasured at amortised cost if the assets meet the following\nconditions (and are not designated as FVTPL):
\n\u00a0
\n| \n \u2022 \n | \n\n they are held within a\nbusiness model whose objective is to hold the financial assets and\ncollect its contractual cash flows; and \n | \n
| \n \u2022 \n | \n\n the contractual terms of\nthe financial assets give rise to cash flows that are solely\npayments of principal and interest on the principal amount\noutstanding. \n | \n
\u00a0
\nAfter initial\nrecognition, these are measured at amortised cost using the\neffective interest method. Discounting is omitted where the effect\nof discounting is immaterial.\u00a0 The Group\u2019s cash and cash\nequivalents, trade and other receivables except prepayments,\nindirect taxes, current tax asset and other receivables fall into\nthis category of financial instruments.
\n\u00a0
\nIFRS 9\u2019s impairment\nrequirements use more forward-looking information to recognise\nexpected credit losses \u2013 the \u2018expected credit loss\n(ECL) model\u2019. Instruments within the scope of the new\nrequirements included loans and other debt-type financial assets\nmeasured at amortised cost and FVOCI, trade receivables, contract\nassets recognised and measured under IFRS 15 and loan commitments\nand some financial guarantee contracts (for the issuer) that are\nnot measured at FVTPL.
\n\u00a0
\n3.9.2.2\n\u00a0\u00a0 Impairment of financial assets
\n\u00a0
\nThe Group considers a\nbroad range of information when assessing credit risk and measuring\nECL, including past events, current conditions and reasonable and\nsupportable forecasts that affect the expected collectability of\nthe future cash flows of the instrument.
\n\u00a0
\nIn applying this\nforward-looking approach, a distinction is made between:
\n\u00a0
\n| \n \u2022 \n | \n\n financial instruments\nthat have not deteriorated significantly in credit quality since\ninitial recognition or that have low credit risk (\u2018Stage\n1\u2019) and \n | \n
| \n \u2022 \n | \n\n financial instruments\nthat have deteriorated significantly in credit quality since\ninitial recognition and whose credit risk is not low (\u2018Stage\n2\u2019). \n | \n
\u00a0
\n\u2018Stage 3\u2019\nwould cover financial assets that have objective evidence of\nimpairment at the reporting date.
\n\u00a0
\n\u201812-month\nECL\u2019 are recognised for the first category while\n\u2018lifetime ECL\u2019 are recognised for the second\ncategory.
\n\u00a0
\nMeasurement of the ECL is\ndetermined by a probability-weighted estimate of credit losses over\nthe expected life of the financial instrument.
\n\u00a0
\n3.9.3\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nClassification and measurement of financial\nliabilities
\n\u00a0
\nThe Group\u2019s\nfinancial liabilities include trade and other payables except\ndeposits on order, statutory liabilities, other payables, lease\nliabilities, borrowings and debt securities in issue.
\n\u00a0
\nFinancial liabilities are\ninitially measured at fair value and, where applicable, adjusted\nfor transaction costs unless the Group designates a financial\nliability at FVTPL. All financial liabilities on the statement of\nfinancial position are financial liabilities at amortised\ncost.
\n\u00a0
\nSubsequently, financial\nliabilities are measured at amortised cost using the effective\ninterest method.
\n\u00a0
\nAll interest-related\ncharges and, if applicable, changes in an instrument\u2019s fair\nvalue that are reported in the statement of consolidated\ncomprehensive income are included within \u2018net finance\ncosts\u2019.
\n\u00a0
\nDebt securities in issue\nare recognised initially at fair value, which is the sum of the\npresent value of the principal amount and the present value of the\nfuture interest payments.
\n\u00a0
\nDebt securities in issue\nare classified and measured as financial liabilities at amortised\ncost, using the effective interest method. Interest expense is\nrecognised using the effective interest rate, which is the rate\nthat exactly discounts the expected cash flows through the expected\nlife of the debt securities in issue.
\n\u00a0
\n3.9.4\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nOffsetting financial instruments
\n\u00a0
\nFinancial assets and\nliabilities are offset and the net amount reported in the statement\nof consolidated financial position when there is a legally\nenforceable right to set off the recognised amounts and there is an\nintention to settle on a net basis, or realise the asset and settle\nthe liability simultaneously.
\n\u00a0
\n3.9.5\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nCash and cash equivalents
\n\u00a0
\nCash and cash equivalents\ncomprise cash in hand and deposits repayable on demand.
\n\u00a0
\n3.9.6\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nEquity and reserves
\n\u00a0
\nOrdinary shares are\nclassified as equity.\u00a0 Incremental costs directly attributable\nto issue of ordinary shares are recognised as a deduction from\nequity.
\n\u00a0
\nAccumulated losses\ninclude current and prior period results.
\n\u00a0
\nShareholder contributions\nare recognized directly in equity when the Group receives resources\nfrom shareholders without an obligation to repay and without the\nissuance of new shares. Such contributions are recorded in a\nseparate component of equity, distinct from share capital and\nretained earnings, and are not recycled through profit or\nloss.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "DWxaS5iddJ": { "value": "3.9.2\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nSubsequent measurement of financial\nassets
\n\u00a0
\n3.9.2.1\n\u00a0\u00a0 Financial assets at amortised cost
\n\u00a0
\nFinancial assets are\nmeasured at amortised cost if the assets meet the following\nconditions (and are not designated as FVTPL):
\n\u00a0
\n| \n \u2022 \n | \n\n they are held within a\nbusiness model whose objective is to hold the financial assets and\ncollect its contractual cash flows; and \n | \n
| \n \u2022 \n | \n\n the contractual terms of\nthe financial assets give rise to cash flows that are solely\npayments of principal and interest on the principal amount\noutstanding. \n | \n
\u00a0
\nAfter initial\nrecognition, these are measured at amortised cost using the\neffective interest method. Discounting is omitted where the effect\nof discounting is immaterial.\u00a0 The Group\u2019s cash and cash\nequivalents, trade and other receivables except prepayments,\nindirect taxes, current tax asset and other receivables fall into\nthis category of financial instruments.
\n\u00a0
\nIFRS 9\u2019s impairment\nrequirements use more forward-looking information to recognise\nexpected credit losses \u2013 the \u2018expected credit loss\n(ECL) model\u2019. Instruments within the scope of the new\nrequirements included loans and other debt-type financial assets\nmeasured at amortised cost and FVOCI, trade receivables, contract\nassets recognised and measured under IFRS 15 and loan commitments\nand some financial guarantee contracts (for the issuer) that are\nnot measured at FVTPL.
3.9.2.2\n\u00a0\u00a0 Impairment of financial assets
\n\u00a0
\nThe Group considers a\nbroad range of information when assessing credit risk and measuring\nECL, including past events, current conditions and reasonable and\nsupportable forecasts that affect the expected collectability of\nthe future cash flows of the instrument.
\n\u00a0
\nIn applying this\nforward-looking approach, a distinction is made between:
\n\u00a0
\n| \n \u2022 \n | \n\n financial instruments\nthat have not deteriorated significantly in credit quality since\ninitial recognition or that have low credit risk (\u2018Stage\n1\u2019) and \n | \n
| \n \u2022 \n | \n\n financial instruments\nthat have deteriorated significantly in credit quality since\ninitial recognition and whose credit risk is not low (\u2018Stage\n2\u2019). \n | \n
\u00a0
\n\u2018Stage 3\u2019\nwould cover financial assets that have objective evidence of\nimpairment at the reporting date.
\n\u00a0
\n\u201812-month\nECL\u2019 are recognised for the first category while\n\u2018lifetime ECL\u2019 are recognised for the second\ncategory.
\n\u00a0
\nMeasurement of the ECL is\ndetermined by a probability-weighted estimate of credit losses over\nthe expected life of the financial instrument.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "GLpaHJ43fb": { "value": "3.9.3\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nClassification and measurement of financial\nliabilities
\n\u00a0
\nThe Group\u2019s\nfinancial liabilities include trade and other payables except\ndeposits on order, statutory liabilities, other payables, lease\nliabilities, borrowings and debt securities in issue.
\n\u00a0
\nFinancial liabilities are\ninitially measured at fair value and, where applicable, adjusted\nfor transaction costs unless the Group designates a financial\nliability at FVTPL. All financial liabilities on the statement of\nfinancial position are financial liabilities at amortised\ncost.
\n\u00a0
\nSubsequently, financial\nliabilities are measured at amortised cost using the effective\ninterest method.
\n\u00a0
\nAll interest-related\ncharges and, if applicable, changes in an instrument\u2019s fair\nvalue that are reported in the statement of consolidated\ncomprehensive income are included within \u2018net finance\ncosts\u2019.
\n\u00a0
\nDebt securities in issue\nare recognised initially at fair value, which is the sum of the\npresent value of the principal amount and the present value of the\nfuture interest payments.
\n\u00a0
\nDebt securities in issue\nare classified and measured as financial liabilities at amortised\ncost, using the effective interest method. Interest expense is\nrecognised using the effective interest rate, which is the rate\nthat exactly discounts the expected cash flows through the expected\nlife of the debt securities in issue.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Ckj.RI1BSa": { "value": "3.9.5\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nCash and cash equivalents
\n\u00a0
\nCash and cash equivalents\ncomprise cash in hand and deposits repayable on demand.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "uLVtvRu.jw": { "value": "3.9.6\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nEquity and reserves
\n\u00a0
\nOrdinary shares are\nclassified as equity.\u00a0 Incremental costs directly attributable\nto issue of ordinary shares are recognised as a deduction from\nequity.
\n\u00a0
\nAccumulated losses\ninclude current and prior period results.
\n\u00a0
\nShareholder contributions\nare recognized directly in equity when the Group receives resources\nfrom shareholders without an obligation to repay and without the\nissuance of new shares. Such contributions are recorded in a\nseparate component of equity, distinct from share capital and\nretained earnings, and are not recycled through profit or\nloss.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "tOKwO4g9XR": { "value": "3.10\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nInventories
\nInventories are valued at\nthe lower of cost and net realisable value (NRV). NRV is the\nestimated selling price in the ordinary course of the business,\nless the costs of completion and selling expenses. Any write-down\nto NRV should be recognised as an expense in the period in which\nthe write-down occurs. Any reversal should be recognised in the\nstatement of consolidated comprehensive income in the period in\nwhich the reversal occurs.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "SOtASJK1iP": { "value": "3.11\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nIncome taxation
\n\u00a0
\nTax expense recognised in\nthe statement of consolidated comprehensive income comprises the\nsum of deferred tax and current tax not recognised in other\ncomprehensive income or directly in equity.
\n\u00a0
\nCurrent income tax assets\nand/or liabilities comprise those obligations to, or claims from,\nfiscal authorities relating to the current or prior reporting\nperiods, that are unpaid at the reporting date. Current tax is\npayable on taxable profit, which differs from the statement of\nconsolidated comprehensive income in the financial statements.\nCalculation of current tax is based on tax rates and tax laws that\nhave been enacted or substantively enacted by the end of the\nreporting period.
\n\u00a0
\nDeferred income taxes are\ncalculated using the liability method on temporary differences\nbetween the carrying amounts of assets and liabilities and their\ntax bases. However, deferred tax is not provided on the initial\nrecognition of an asset or liability unless the related transaction\naffects tax or accounting profit. Tax losses available to be\ncarried forward are assessed for recognition of deferred tax\nassets.
\n\u00a0
\nDeferred tax assets and\nliabilities are calculated, without discounting, at tax rates that\nare expected to apply to their respective period of realisation,\nprovided they are enacted or substantively enacted by the end of\nthe reporting period. Deferred tax assets are recognised to the\nextent that it is probable that they will be able to be utilised\nagainst future taxable income. Deferred tax liabilities are always\nprovided for in full. Deferred tax assets and liabilities are\noffset only when the Group has a right and intention to set off\ncurrent tax assets and liabilities from the same taxation\nauthority.
\n\u00a0
\nChanges in deferred tax\nassets or liabilities are recognised as a component of tax income\nor expense in the statement of consolidated comprehensive income,\nexcept where they relate to items that are recognised in other\ncomprehensive income or directly in equity, in which case the\nrelated deferred tax is also recognised in other comprehensive\nincome or directly in equity, respectively.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "sMwLtPC3K4": { "value": "3.11\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nIncome taxation
\n\u00a0
\nTax expense recognised in\nthe statement of consolidated comprehensive income comprises the\nsum of deferred tax and current tax not recognised in other\ncomprehensive income or directly in equity.
\n\u00a0
\nCurrent income tax assets\nand/or liabilities comprise those obligations to, or claims from,\nfiscal authorities relating to the current or prior reporting\nperiods, that are unpaid at the reporting date. Current tax is\npayable on taxable profit, which differs from the statement of\nconsolidated comprehensive income in the financial statements.\nCalculation of current tax is based on tax rates and tax laws that\nhave been enacted or substantively enacted by the end of the\nreporting period.
\n\u00a0
\nDeferred income taxes are\ncalculated using the liability method on temporary differences\nbetween the carrying amounts of assets and liabilities and their\ntax bases. However, deferred tax is not provided on the initial\nrecognition of an asset or liability unless the related transaction\naffects tax or accounting profit. Tax losses available to be\ncarried forward are assessed for recognition of deferred tax\nassets.
\n\u00a0
\nDeferred tax assets and\nliabilities are calculated, without discounting, at tax rates that\nare expected to apply to their respective period of realisation,\nprovided they are enacted or substantively enacted by the end of\nthe reporting period. Deferred tax assets are recognised to the\nextent that it is probable that they will be able to be utilised\nagainst future taxable income. Deferred tax liabilities are always\nprovided for in full. Deferred tax assets and liabilities are\noffset only when the Group has a right and intention to set off\ncurrent tax assets and liabilities from the same taxation\nauthority.
\n\u00a0
\nChanges in deferred tax\nassets or liabilities are recognised as a component of tax income\nor expense in the statement of consolidated comprehensive income,\nexcept where they relate to items that are recognised in other\ncomprehensive income or directly in equity, in which case the\nrelated deferred tax is also recognised in other comprehensive\nincome or directly in equity, respectively.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "NfHHNxGPbj": { "value": "4.\n\u00a0\u00a0\u00a0\u00a0\u00a0\nSignificant management judgements, estimates\nand assumptions
\nThe preparation of\nconsolidated financial statements in conformity with IFRSs requires\nmanagement to make judgements, estimates and assumptions that\naffect the application of policies and reported amounts of assets,\nliabilities, income and expenses. The estimates and associated\nassumptions are based on historical experience and various other\nfactors that are believed to be reasonable and reliable in the\ncircumstances, the results of which form the basis of making the\njudgements about carrying amounts of assets and liabilities that\nare not readily apparent from other sources. Actual results may\ndiffer from these estimates.
\n\u00a0
\nThe estimates and\nunderlying assumptions are reviewed on an ongoing basis. Revisions\nto accounting estimates are recognised in the period in which the\nestimate is revised if the revision affects only that period, or in\nthe period of revision and future periods if the revision affects\nboth current and future periods.
\n\u00a0
\nIn the opinion of the\ndirectors, the accounting estimates and judgements made in the\ncourse of preparing these consolidated financial statements are not\ndifficult, subjective or complex to a degree which would warrant\ntheir description as critical in terms of the requirements of IAS 1\n(revised).
\n\u00a0
\n4.1\n\u00a0 Estimation uncertainty
\nInformation about\nestimates and assumptions that have the most significant effect on\nrecognition and measurement of assets, liabilities, income and\nexpenses is provided below. Actual results may be substantially\ndifferent.
\n\u00a0
\n4.1.1\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nImpairment of goodwill, property, plant and\nequipment and intangible assets
\nIn assessing impairment,\nmanagement estimates the recoverable amount of each asset or cash\ngenerating unit based on expected future cash flows and uses an\ninterest rate to discount them (the value in use (VIU)). Estimation\nuncertainty relates to assumptions about future operating results\nand the determination of a suitable discount rate.
\n\u00a0
\nThe Group tests whether\ngoodwill has suffered any impairment on an annual basis. For 2025,\nthe recoverable amount of the cash-generating units was determined\nbased on VIU calculations which require the use of assumptions. The\ncalculations use cash flow projections based on financial budgets\napproved by management.
\n\u00a0
\nThe VIU is estimated\nusing a five-year discounted cash flow model, including a terminal\nvalue, in line with guidance provided under IAS 36\n\u2018Impairment of Assets\u2019.
\n\u00a0
\nThe projections for 2025\nhave been based on management projections for 2024 and adjusted for\na number of key assumptions, namely revenue, operating expenses,\ncapital expenditure and working capital investments.
\n\u00a0
\nThe projections between\n2026 and 2029 were estimated based on a number of assumptions,\nnamely revenue growth, gross profit, operating expenses and working\ncapital investments.
\n\u00a0
\nThe present value of the free cash flows was arrived using a\ndiscount rate estimated using the Weighted Average Cost of Capital\n(\"WACC\") method, including a small firm premium of 3.0%, amounting\nto 6.4%.
\n\u00a0
\nThe terminal value was\nestimated considering the above discount rate, and a long-term\ngrowth rate of 2.3% which is consistent with the risk-free\nrate.
\n\u00a0
\n4.1.2\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nUseful lives of depreciable\nassets
\nManagement reviews its\nestimate of useful lives of depreciable assets at each reporting\ndate based on the expected utility of the assets. Uncertainties in\nthese estimates relate to technical obsolescence that may change\nthe utility of certain depreciable assets.
\n\u00a0
\n4.1.3\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nLeases \u2013 estimating the incremental\nborrowing rate
\nThe Group cannot readily\ndetermine the interest rate implicit in the lease, therefore, it\nuses its incremental borrowing rate (IBR) to measure lease\nliabilities. The IBR is the rate of interest that the Group would\nhave to pay to borrow over a similar term, and with a similar\nsecurity, the funds necessary to obtain an asset of a similar value\nto the right-of-use asset in a similar economic environment. The\nIBR therefore reflects what the Group \u2018would have to\npay\u2019, which requires estimation when no observable rates are\navailable or when they need to be adjusted to reflect the terms and\nconditions of the lease. The Group estimates the IBR using\nobservable inputs (such as market interest rates) when available\nand is required to make certain entity-specific estimates (such as\nthe Group\u2019s stand-alone credit rating).
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "bICr1E9u.S": { "value": "5. Loss before\ntax
\n\u00a0
\nTotal loss before tax is\nstated after charging the following:
\n\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n Depreciation and\namortisation (notes 7, 8 and 10.1) \n | \n\n 343,171 \n | \n\n 411,141 \n | \n
| \n Directors' fees and\nremuneration (note 21.1) \n | \n\n 138,127 \n | \n\n 131,469 \n | \n
| \n Audit fee \n | \n\n 28,200 \n | \n\n 26,350 \n | \n
6.\nGoodwill
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \nTotal \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Euro \n | \n
| \n Cost \n | \n\n \u00a0 \n | \n\n |
| \n At 01 January\n2025 \n | \n\n \u00a0 \n | \n\n 3,030,637 \n | \n
| \n | \n \u00a0 \n | \n\n |
| \n Accumulated impairment\nlosses \n | \n\n \u00a0 \n | \n\n |
| \n At 1 January\n2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n For the year ended 31\nDecember 2024 \n | \n\n \u00a0 \n | \n\n (342,347) \n | \n
| \n For the year ended 31\nDecember 2025 \n | \n\n \u00a0 \n | \n\n (2,688,290) \n | \n
| \n Accumulated Impairment\nlosses as at 31 December 2025 \n | \n\n \u00a0 \n | \n\n (3,030,637) \n | \n
| \n | \n \u00a0 \n | \n\n |
| \n Carrying\namount \n | \n\n \u00a0 \n | \n\n |
| \n At 31 December\n2025 \n | \n\n \u00a0 \n | \n\n - \n | \n
\u00a0
\nThe directors have taken\ninto consideration the latest projections available for Dino Fino\nOperations Limited and have determined that based on actual\nresults, together with expectations of future business to be\ngenerated by this cash-generating unit, notwithstanding plans to\nrestructure the business of the subsidiary, it was deemed\nappropriate to recognise a full impairment of the carrying amount\nof goodwill.
\n\u00a0
\nBased on the above\nassessment, the directors have concluded that an impairment charge\nof \u20ac 2,688,290 on goodwill for the year ended 31 December 2025\nwas necessary.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGoodwillExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "FUZBLIB.3c": { "value": "Property, plant and\nequipmentPropertyplantandequipment
\n| \n \u00a0 \n | \n\n Building \n | \n\n Improvements to\npremises \n | \n\n Furniture and\nfittings \n | \n\n Motor vehicle and\nother equipment \n | \n\n Electrical and\nplumbing installations \n | \n\n Computer equipment\nand software \n | \n\n Air\nconditioners \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n\n Euro \n | \n\n Euro \n | \n\n Euro \n | \n\n Euro \n | \n\n Euro \n | \n\n Euro \n | \n
| \n At 1 January\n2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Cost \n | \n\n 5,305,257 \n | \n\n 117,464 \n | \n\n 363,228 \n | \n\n 72,127 \n | \n\n 233,090 \n | \n\n 151,344 \n | \n\n 73,570 \n | \n\n 6,316,080 \n | \n
| \n Accumulated\ndepreciation \n | \n\n (221,052) \n | \n\n \u00a0(25,073) \n | \n\n \u00a0(155,143) \n | \n\n (48,715)\u00a0 \n | \n\n (132,219)\u00a0 \n | \n\n (124,580)\u00a0 \n | \n\n (65,269) \n | \n\n (772,051) \n | \n
| \n Net book\nvalues \n | \n\n 5,084,205 \n | \n\n 92,391\u00a0 \n | \n\n 208,085 \n | \n\n 23,412 \n | \n\n 100,871 \n | \n\n 26,764 \n | \n\n 8,301 \n | \n\n 5,544,029 \n | \n
| \n Year ended 31\nDecember 2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Opening net book\nvalues \n | \n\n 5,084,205 \n | \n\n 92,391\u00a0 \n | \n\n 208,085 \n | \n\n 23,412 \n | \n\n 100,871 \n | \n\n 26,764 \n | \n\n 8,301 \n | \n\n 5,544,029 \n | \n
| \n Additions \n | \n\n - \n | \n\n 3,723 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 3,723 \n | \n
| \n Revaluation \n | \n\n 1,021,900 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 1,021,900 \n | \n
| \n Other\nadjustment \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 7,508 \n | \n\n 7,508 \n | \n
| \n Depreciation \n | \n\n (106,105) \n | \n\n (12,119) \n | \n\n (36,323) \n | \n\n (6,426) \n | \n\n (34,965) \n | \n\n (11,809) \n | \n\n - \n | \n\n (207,747) \n | \n
| \n Net book\nvalues \n | \n\n 6,000,000 \n | \n\n 83,995 \n | \n\n 171,762 \n | \n\n 16,986 \n | \n\n 65,906 \n | \n\n 14,955 \n | \n\n 15,809 \n | \n\n 6,369,413 \n | \n
| \n At 31 December\n2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Cost /\nRevaluation \n | \n\n 6,106,105 \n | \n\n 121,187 \n | \n\n 363,228 \n | \n\n 72,127 \n | \n\n 233,090 \n | \n\n 151,344 \n | \n\n 73,570 \n | \n\n 7,120,651 \n | \n
| \n Accumulated\ndepreciation \n | \n\n (106,105) \n | \n\n (37,192) \n | \n\n (191,466) \n | \n\n (55,141) \n | \n\n (167,184) \n | \n\n (136,389) \n | \n\n (57,761) \n | \n\n (751,238) \n | \n
| \n Net book\nvalues \n | \n\n 6,000,000 \n | \n\n 83,995 \n | \n\n 171,762 \n | \n\n 16,986 \n | \n\n 65,906 \n | \n\n 14,955 \n | \n\n 15,809 \n | \n\n 6,369,413 \n | \n
| \n Year ended 31\nDecember 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Opening net book\nvalues \n | \n\n 6,000,000 \n | \n\n 83,995 \n | \n\n 171,762 \n | \n\n 16,986 \n | \n\n 65,906 \n | \n\n 14,955 \n | \n\n 15,809 \n | \n\n 6,369,413 \n | \n
| \n Additions \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 5,136 \n | \n\n - \n | \n\n 5,136 \n | \n
| \n Depreciation \n | \n\n (125,000) \n | \n\n (12,119) \n | \n\n (36,315) \n | \n\n (6,426) \n | \n\n (28,512) \n | \n\n (10,113) \n | \n\n (7,905) \n | \n\n (226,390) \n | \n
| \n Net book\nvalues \n | \n\n 5,875,000 \n | \n\n 71,876 \n | \n\n 135,447 \n | \n\n 10,560 \n | \n\n 37,394 \n | \n\n 9,978 \n | \n\n 7,904 \n | \n\n 6,148,159 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31 December\n2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Cost /\nRevaluation \n | \n\n 6,106,105 \n | \n\n 121,187 \n | \n\n 363,228 \n | \n\n 72,127 \n | \n\n 233,090 \n | \n\n 156,480 \n | \n\n 73,570 \n | \n\n 7,125,787 \n | \n
| \n Accumulated\ndepreciation \n | \n\n (231,105) \n | \n\n (49,311) \n | \n\n (227,781) \n | \n\n (61,567) \n | \n\n (195,696) \n | \n\n (146,502) \n | \n\n (65,666) \n | \n\n (977,628) \n | \n
| \n Net book\nvalues \n | \n\n 5,875,000 \n | \n\n 71,876 \n | \n\n 135,447 \n | \n\n 10,560 \n | \n\n 37,394 \n | \n\n 9,978 \n | \n\n 7,904 \n | \n\n 6,148,159 \n | \n
8. Intangible\nassets
\n\u00a0
\nThe intangible asset of\nthe Group pertains to the brand and intellectual\nproperty.
\n\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 1\nJanuary \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Cost \n | \n\n 2,000,000 \n | \n\n 2,000,000 \n | \n
| \n Accumulated\ndepreciation \n | \n\n (306,667) \n | \n\n (226,667) \n | \n
| \n Net book\nvalue \n | \n\n 1,693,333 \n | \n\n 1,773,333 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Year ended 31\nDecember \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Opening net book\nvalue \n | \n\n 1,693,333 \n | \n\n 1,773,333 \n | \n
| \n Amortisation \n | \n\n (80,000) \n | \n\n (80,000) \n | \n
| \n Net book\nvalue \n | \n\n 1,613,333 \n | \n\n 1,693,333 \n | \n
| \n \u00a0 \n\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31\nDecember \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Cost \n | \n\n 2,000,000 \n | \n\n 2,000,000 \n | \n
| \n Accumulated\ndepreciation \n | \n\n (386,667) \n | \n\n (306,667) \n | \n
| \n Net book\nvalue \n | \n\n 1,613,333 \n | \n\n 1,693,333 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
9. Deferred tax\nassets
\n\u00a0
\nThe movement in the\ndeferred tax asset is as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At the beginning of the\nyear \n | \n\n 1,423,688 \n | \n\n 1,039,732 \n | \n
| \n Credited to profit or\nloss \n | \n\n 235,459 \n | \n\n 383,956 \n | \n
| \n Adjustment for deferred\ntax asset not recognized \n | \n\n (235,459) \n | \n\n - \n | \n
| \n At the end of the\nyear \n | \n\n 1,423,688 \n | \n\n 1,423,688 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Temporary differences\narising on: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Property, plant and\nequipment \n | \n\n 35,809 \n | \n\n (10,821) \n | \n
| \n Unabsorbed tax\nlosses \n | \n\n 156,715 \n | \n\n 247,621 \n | \n
| \n Unabsorbed capital\nallowances \n | \n\n 26,912 \n | \n\n 28,705 \n | \n
| \n Leases \n | \n\n 8,020 \n | \n\n 23,478 \n | \n
| \n Provision for bad\ndebts \n | \n\n 3,270 \n | \n\n 65,254 \n | \n
| \n Prior year\nadjustment \n | \n\n 4,733 \n | \n\n 29,719 \n | \n
| \n \u00a0 \n | \n\n 235,459 \n | \n\n 383,956 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
10.\nLeases
\n\u00a0
\n10.1.\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nRight-of-use assets
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n Cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 1 January \n | \n\n 450,502 \n | \n\n 471,324 \n | \n
| \n Additions \n | \n\n - \n | \n\n 18,989 \n | \n
| \n Terminations \n | \n\n - \n | \n\n (39,811) \n | \n
| \n Other\nadjustments \n | \n\n 58,932 \n | \n\n - \n | \n
| \n At 31\nDecember \n | \n\n 509,434 \n | \n\n 450,502 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Accumulated\ndepreciation \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 1 January \n | \n\n 312,051 \n | \n\n 200,773 \n | \n
| \n Charge for the\nyear \n | \n\n 85,007 \n | \n\n 130,902 \n | \n
| \n Terminations \n | \n\n - \n | \n\n (19,624) \n | \n
| \n At 31\nDecember \n | \n\n 397,058 \n | \n\n 312,051 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Net book\nvalue \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31\nDecember \n | \n\n 112,376 \n | \n\n 138,451 \n | \n
| \n \u00a0 \n\u00a0 \n\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\n10.2.\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nLease liabilities
\nLease liabilities were\nmeasured at the present value of the remaining lease payments,\ndiscounted using the incremental borrowing rate as at lease\ncommencement date. The incremental borrowing rate reflects the rate\nof interest, that the Group would have to pay to borrow over a\nsimilar term, and with a similar security, the funds necessary to\nobtain an asset of a similar value to the right-of-use asset in a\nsimilar economic environment.
\n\u00a0
\nLease liabilities are\npresented in the statement of financial position of the Group as\nfollows:
\n\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n Lease\nliabilities \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Current \n | \n\n 33,224 \n | \n\n 117,087 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-current \n | \n\n 86,817 \n | \n\n 52,586 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nFuture minimum lease\npayments as 31 December were as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n Not later than one\nyear \n | \n\n Later than one year\nbut not later than five years \n | \n\n Later than five\nyears \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n\n Euro \n | \n\n Euro \n | \n
| \n 31 December\n2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Lease payments \n | \n\n 33,402 \n | \n\n 69,256 \n | \n\n 39,088 \n | \n\n 141,746 \n | \n
| \n Finance charges \n | \n\n (5,411) \n | \n\n (12,176) \n | \n\n (4,119) \n | \n\n (21,706) \n | \n
| \n Net present\nvalues \n | \n\n 27,991 \n | \n\n 57,080 \n | \n\n 34,969 \n | \n\n 120,040 \n | \n
\u00a0
\n| \n \u00a0 \n | \n\n Not later than one\nyear \n | \n\n Later than one year\nbut not later than five years \n | \n\n Later than five\nyears \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n\n Euro \n | \n\n Euro \n | \n
| \n 31 December\n2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Lease payments \n | \n\n 121,764 \n | \n\n 55,860 \n | \n\n - \n | \n\n 177,624 \n | \n
| \n Finance charges \n | \n\n (4,677) \n | \n\n (3,274) \n | \n\n - \n | \n\n (7,951) \n | \n
| \n Net present\nvalues \n | \n\n 117,087 \n | \n\n 52,586 \n | \n\n - \n | \n\n 169,673 \n | \n
\u00a0
\n10.3.\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nDepreciation on right-of-use assets and finance\ncost
\nDepreciation on\nright-of-use-assets and finance cost
\n\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Depreciation on\nright-of-use assets \n | \n\n 98,365 \n | \n\n 130,902 \n | \n
| \n Finance cost on lease\nliabilities (included as net finance costs - note 20) \n | \n\n 6,807 \n | \n\n 8,918 \n | \n
\u00a0
\nAt 31 December 2025 and\n2024, the Group did not have short-term leases or leases of low\nvalue assets.
\n\u00a0
\nThe total cash outflow in\nrespect of leases during the year 2025 amounted to \u20ac128,014\n(2024: \u20ac120,400).
", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "oJixroeDu9": { "value": "10.1.\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nRight-of-use assets
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n Cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 1 January \n | \n\n 450,502 \n | \n\n 471,324 \n | \n
| \n Additions \n | \n\n - \n | \n\n 18,989 \n | \n
| \n Terminations \n | \n\n - \n | \n\n (39,811) \n | \n
| \n Other\nadjustments \n | \n\n 58,932 \n | \n\n - \n | \n
| \n At 31\nDecember \n | \n\n 509,434 \n | \n\n 450,502 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Accumulated\ndepreciation \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 1 January \n | \n\n 312,051 \n | \n\n 200,773 \n | \n
| \n Charge for the\nyear \n | \n\n 85,007 \n | \n\n 130,902 \n | \n
| \n Terminations \n | \n\n - \n | \n\n (19,624) \n | \n
| \n At 31\nDecember \n | \n\n 397,058 \n | \n\n 312,051 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Net book\nvalue \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31\nDecember \n | \n\n 112,376 \n | \n\n 138,451 \n | \n
| \n \u00a0 \n\u00a0 \n\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
11.\n\u00a0\u00a0\u00a0\u00a0\nTrade and other receivables
\n\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Trade\nreceivables \n | \n\n 158,643 \n | \n\n 215,477 \n | \n
| \n Amount owed by related\nparties \n | \n\n 109,534 \n | \n\n 105,623 \n | \n
| \n Accrued income \n | \n\n 1,686,519 \n | \n\n 1,055,966 \n | \n
| \n Financial\nassets \n | \n\n 1,954,696 \n | \n\n 1,377,066 \n | \n
| \n Prepayments \n | \n\n 123,318 \n | \n\n 111,019 \n | \n
| \n Indirect taxes and current\ntax asset \n | \n\n 519 \n | \n\n 1,628 \n | \n
| \n Other\nreceivables \n | \n\n 38,543 \n | \n\n 21,715 \n | \n
| \n \u00a0 \n | \n\n 2,117,076 \n | \n\n 1,511,428 \n | \n
\u00a0
\nAmount owed by related\nparties are unsecured, interest-free and repayable on\ndemand.
\n\u00a0
\nThe net carrying values\nof financial assets are considered a reasonable confirmation of\nfair value.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "DxHM5aSfUB": { "value": "12.\n\u00a0\u00a0\u00a0\u00a0\nInventories
\n\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Furniture displayed in\nshowroom and warehouse \n | \n\n 520,664 \n | \n\n 403,080 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
13. Cash and cash\nequivalents
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Cash in hand and at\nbank \n | \n\n 123,861 \n | \n\n 242,903\u00a0 \n | \n
14.\n\u00a0\u00a0\u00a0\u00a0\nBorrowings
\nThe borrowings of the\nGroup are as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n Current \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Parent company\nloan \n | \n\n - \n | \n\n 261,000 \n | \n
| \n Bank borrowings \n | \n\n 127,623 \n | \n\n 113,340 \n | \n
| \n \u00a0 \n | \n\n 127,623 \n | \n\n 374,340 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-current \n | \n\n \u00a0 \n | \n\n |
| \n Parent company\nloan \n | \n\n - \n | \n\n 120,000 \n | \n
| \n Bank borrowings \n | \n\n - \n | \n\n 108,337 \n | \n
| \n \u00a0 \n | \n\n - \n | \n\n 228,337 \n | \n
\u00a0
\nThe carrying amount of\nborrowings is considered to be a reasonable approximation of fair\nvalue.
\n\u00a0
\nBank loans are secured by\na first general hypotec for \u20ac600,000 over the present and\nfuture assets of the Group and by pledges on cash held in savings\naccount with FCM Bank for \u20ac60,000.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "IHc-YyJLxp": { "value": "15. Share\ncapital
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n Authorised: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n 4,999,999 ordinary A\nshares of Euro 1 each \n | \n\n 4,999,999 \n | \n\n 4,999,999 \n | \n
| \n 1 ordinary B shares of\nEuro 1 each \n | \n\n 1 \n | \n\n 1 \n | \n
| \n \u00a0 \n | \n\n 5,000,000 \n | \n\n 5,000,000 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
Issued:
\n| \n 3,619,999 ordinary A\nshares of Euro 1 each - 100% paid up \n | \n\n 3,619,999 \n | \n\n 3,619,999 \n | \n
| \n 1 ordinary B share of Euro\n1 each - 100% paid up \n | \n\n 1 \n | \n\n 1 \n | \n
| \n \u00a0 \n | \n\n 3,620,000 \n | \n\n 3,620,000 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nOrdinary A shares are\nentitled to one vote at a general meeting and are entitled to\nreceive dividend distributions. Ordinary B shares do not carry\nvoting rights and has no right to receive dividends nor is entitled\nto any assets upon dissolution or winding up of the\nGroup.
", "dimensions": { "concept": "ifrs-full:DisclosureOfClassesOfShareCapitalExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "cJKrUeZ2hQ": { "value": "Issued:
\n| \n 3,619,999 ordinary A\nshares of Euro 1 each - 100% paid up \n | \n\n 3,619,999 \n | \n\n 3,619,999 \n | \n
| \n 1 ordinary B share of Euro\n1 each - 100% paid up \n | \n\n 1 \n | \n\n 1 \n | \n
| \n \u00a0 \n | \n\n 3,620,000 \n | \n\n 3,620,000 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nOrdinary A shares are\nentitled to one vote at a general meeting and are entitled to\nreceive dividend distributions. Ordinary B shares do not carry\nvoting rights and has no right to receive dividends nor is entitled\nto any assets upon dissolution or winding up of the\nGroup.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "R6E3SMNHsk": { "value": "16. Debt securities\nin issue
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u20ac7,800,000 4.75%\nsecured bonds due 2033 \n | \n\n 7,651,860 \n | \n\n 7,633,048 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Bonds outstanding (face\nvalue) \n | \n\n 7,800,000 \n | \n\n 7,800,000 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Gross amount of bond issue\ncosts \n | \n\n (225,738) \n | \n\n (225,738) \n | \n
| \n Accumulated mortization\nbeginning of year \n | \n\n 58,786 \n | \n\n 39,974 \n | \n
| \n Amortisation charge for\nthe year/period \n | \n\n 18,812 \n | \n\n 18,812 \n | \n
| \n Unamortised bond issue\ncosts \n | \n\n (148,140) \n | \n\n (166,952) \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amortised cost and closing\ncarrying amount \n | \n\n 7,651,860 \n | \n\n 7,633,048 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Unamortised bond issue\ncosts: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Falling due within 1\nyear \n | \n\n 18,812 \n | \n\n 18,812 \n | \n
| \n Falling due between 2 to 5\nyears \n | \n\n 75,246 \n | \n\n 75,248 \n | \n
| \n Falling due over 5\nyears \n | \n\n 54,082 \n | \n\n 72,892 \n | \n
| \n \u00a0 \n | \n\n 148,140 \n | \n\n 166,952 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
On 19 November 2021, the\nCompany issued 780,000 secured bonds with a nominal value of\n\u20ac100 per bond. The bonds are redeemable at their nominal value\non 19 November 2033.
\n\u00a0
\nInterest
\n\u00a0
\nInterest on the 4.75%\nSecured Bonds 2033 is payable annually in arrears, on 19 November\nof each year.
\n\u00a0
\nSecurity
\n\u00a0
\nThe Bonds shall\nconstitute the general, direct and unconditional obligations of the\nIssuer to the Bondholders. It is secured by a special hypothec\ngranting the Security Trustee (for the benefit of the bondholders)\na right of preference and priority for repayment over the\nHypothecated Property as disclosed in note 7.
\n\u00a0
\nGuarantor
\n\u00a0
\nThe bond is guaranteed by\nDino Fino Operations Limited, a private limited liability company\nregistered under the laws of Malta with company registration number\nC 81069 and having its registered office situated at Dino Fino Home\n+ Contract, Msida Valley Road, Birkirkara, BKR 9025,\nMalta.
\n\u00a0
\nThe Guarantor, as primary\nobligor, jointly and severally with the Issuer, unconditionally and\nirrevocably guarantees to the Security Trustee (for the benefit of\nthe Bondholders) that if for any reason the Issuer fails to pay any\nIndebtedness as and when due, the Guarantor will, on first demand\nin writing made by the Security Trustee to the Guarantor, pay that\nsum to the Bondholders or to the Security Trustee (for the benefit\nof the Bondholders).
", "dimensions": { "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "SoKbXUyj8s": { "value": "17. Trade and other\npayables
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Current \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Trade payables \n | \n\n 1,076,891 \n | \n\n 1,178,895 \n | \n
| \n Accruals and deferred\nincome \n | \n\n 1,488,847 \n | \n\n 300,368 \n | \n
| \n Amount owed to related\nparties \n | \n\n 338,797 \n | \n\n 83 \n | \n
| \n Financial\nliabilities \n | \n\n 2,904,535 \n | \n\n 1,479,346 \n | \n
| \n Deposits on\norder \n | \n\n 782,764 \n | \n\n 1,189,338 \n | \n
| \n Statutory\nliabilities \n | \n\n 2,261,854 \n | \n\n 1,701,086 \n | \n
| \n Other payables \n | \n\n 26,324 \n | \n\n 8,865 \n | \n
| \n \u00a0 \n | \n\n 5,975,477 \n | \n\n 4,378,635 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-Current \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Other payables \n | \n\n 15,750 \n | \n\n 15,750 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
The carrying values of\nfinancial liabilities are considered to be a reasonable\napproximation of fair value.
\n\u00a0
\nAmounts owed to related\nparties are unsecured, interest-free and are repayable on\ndemand.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "KskmotNtze": { "value": "18.\nRevenue
\nRevenue represents the\namounts receivable for sale of goods and services rendered, net of\nany indirect taxes, as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Retail sales \n | \n\n 3,506,124 \n | \n\n 3,235,096 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
19. Cost of\nsales
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Opening stock \n | \n\n 403,080 \n | \n\n 623,081 \n | \n
| \n Retail and contract\npurchases \n | \n\n 2,439,267 \n | \n\n 1,772,352 \n | \n
| \n Claims \n | \n\n 25,360 \n | \n\n 37,222 \n | \n
| \n Freight \n | \n\n 214,872 \n | \n\n 193,664 \n | \n
| \n Less: closing\nstock \n | \n\n (520,664) \n | \n\n (403,080) \n | \n
| \n \u00a0 \n | \n\n 2,561,915 \n | \n\n 2,223,239 \n | \n
20. Other direct\ncosts
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n Subcontracting fees\n(including installation costs) \n | \n\n 38,632 \n | \n\n 56,316 \n | \n
| \n Direct wages (including NI\nand maternity fund) \n | \n\n 454,970 \n | \n\n 470,157 \n | \n
| \n Consumables and surveying\ncosts \n | \n\n 13,176 \n | \n\n 13,555 \n | \n
| \n Commissions \n | \n\n 26,629 \n | \n\n 48,676 \n | \n
| \n Local transport and\nlifter \n | \n\n 29,551 \n | \n\n 67,244 \n | \n
| \n Depreciation expense:\nright-of-use asset \n | \n\n 66,549 \n | \n\n 99,026 \n | \n
| \n \u00a0 \n | \n\n 629,507 \n | \n\n 754,974 \n | \n
21. Staff\ncosts
\n\u00a0
\n21.1 Directors\u2019\nremuneration
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Directors\u2019\nfees \n | \n\n 72,883 \n | \n\n 79,654 \n | \n
| \n Directors\u2019\nremuneration \n | \n\n 65,244 \n | \n\n 51,815 \n | \n
| \n \u00a0 \n | \n\n 138,127 \n | \n\n 131,469 \n | \n
\u00a0
\nThe average number of\npersons employed during the year:
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Direct nature (sales,\noperations and installations) \n | \n\n 15 \n | \n\n 16 \n | \n
| \n Administrative nature\n(administrative including directors) \n | \n\n 12 \n | \n\n 15 \n | \n
| \n \u00a0 \n | \n\n 27 \n | \n\n 31 \n | \n
\u00a0
\n21.2 Staff salaries\nand wages
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Salaries \n | \n\n 841,221 \n | \n\n 915,073 \n | \n
| \n Maternity fund \n | \n\n 1,514 \n | \n\n 1,734 \n | \n
| \n \u00a0 \n | \n\n 842,735 \n | \n\n 916,807 \n | \n
The average number of\npersons employed during the year:
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Direct nature (sales,\noperations and installations) \n | \n\n 15 \n | \n\n 16 \n | \n
| \n Administrative nature\n(administrative including directors) \n | \n\n 12 \n | \n\n 15 \n | \n
| \n \u00a0 \n | \n\n 27 \n | \n\n 31 \n | \n
22. Net finance\ncosts
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Finance\nincome: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Interest income charged to\nrelated parties \n | \n\n 16,334 \n | \n\n 20,218 \n | \n
| \n Interest income -\nothers \n | \n\n 63 \n | \n\n 801 \n | \n
| \n \u00a0 \n | \n\n 16,397 \n | \n\n 21,019 \n | \n
| \n Finance\ncosts: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Finance cost on bank\nborrowings \n | \n\n 10,775 \n | \n\n 14,749 \n | \n
| \n Finance costs from debt\nsecurities in issue \n | \n\n 370,298 \n | \n\n 370,500 \n | \n
| \n Interest due to related\nparty \n | \n\n 22,018 \n | \n\n 11,716 \n | \n
| \n Interest on lease\nliabilities \n | \n\n 6,807 \n | \n\n 8,918 \n | \n
| \n \u00a0 \n | \n\n 409,898 \n | \n\n 405,883 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Net finance\ncosts \n | \n\n (393,501) \n | \n\n (384,864) \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
23.\nTaxation
\nIncome tax credit is\ncomposed of the following:
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Notes \n | \n\n Euro \n | \n\n Euro \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Current tax (expense) /\ncredit \n | \n\n \u00a0 \n | \n\n (10) \n | \n\n (23) \n | \n
| \n Deferred tax\nincome \n | \n\n \u00a0 \n | \n\n - \n | \n\n 383,956 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n (10) \n | \n\n 383,933 \n | \n
\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Income tax (expense) /\ncredit \n | \n\n (10) \n | \n\n (23) \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Loss before tax \n | \n\n (3,890,403) \n | \n\n (1,676,901) \n | \n
| \n Tax at the domestic rate\nof 35% \n | \n\n (1,361,641) \n | \n\n (586,915) \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Tax effect of: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Expenses disallowed for\ntax purposes \n | \n\n 207,029 \n | \n\n 323,639 \n | \n
| \n Income subject to\nexemption \n | \n\n (122,061) \n | \n\n (108,971) \n | \n
| \n Passive rental income (net\nof statutory deduction) \n | \n\n 1,470 \n | \n\n - \n | \n
| \n Absorbed trading\nloss \n | \n\n 156,715 \n | \n\n 247,620 \n | \n
| \n Capital\nallowances \n | \n\n 26,912 \n | \n\n 28,705 \n | \n
| \n Rental income \n | \n\n - \n | \n\n (126,000) \n | \n
| \n Rental expenses \n | \n\n 116,401 \n | \n\n 112,248 \n | \n
| \n Group loss\nrelief \n | \n\n 30,599 \n | \n\n 13,752 \n | \n
| \n Impairment of\ngoodwill \n | \n\n 940,902 \n | \n\n 119,812 \n | \n
| \n Reversal of income tax\nfrom prior year \n | \n\n 3,664 \n | \n\n (23,913) \n | \n
| \n \u00a0 \n | \n\n (10) \n | \n\n (23) \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
24. Financial risk\nmanagement
\n\u00a0
\n24.1 Capital risk\nmanagement
\n\u00a0
\nThe capital structure of\nthe Group consists of equity attributable to equity holders,\ncomprising issued share capital, shareholder\u2019s contribution,\nrevaluation reserve and retained earnings as disclosed in the\nstatement of consolidated changes in equity.
\n\u00a0
\nThe Group manages its\ncapital to ensure that it will be able to continue as a going\nconcern while maximising the return to stakeholders through the\noptimisation of the debt and equity balance.
\n\u00a0
\n24.2 Financial\ninstruments risk
\nThe Group is exposed to\nvarious risks in relation to financial instruments. The\nGroup\u2019s financial assets and liabilities by category are\nsummarised in note 24.6. The main types of risks are credit risk,\nliquidity risk and interest rate risk.
\n\u00a0
\nThe Group\u2019s risk\nmanagement is coordinated by the directors and focuses on actively\nsecuring the Group\u2019s short to medium term cash flows by\nminimising the exposure to financial risk.
\n\u00a0
\nThe Group does not\nactively engage in the trading of financial assets for speculative\npurposes nor does it write options. The most significant financial\nrisk to which the Group is exposed are described below.
\n\u00a0
\n24.3 Credit\nrisk
\n\u00a0
\nCredit risk is the risk\nthat a counterparty fails to discharge an obligation to the Group.\nThe Group\u2019s exposure to credit risk is limited to the\ncarrying amount of financial assets recognised at the reporting\ndate, as summarised below:
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Notes \n | \n\n Euro \n | \n\n Euro \n | \n
| \n Classes of financial\nassets \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Carrying\namounts: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Receivables \u2013 non\ncurrent \n | \n\n \u00a0 \n | \n\n 338,926 \n | \n\n 331,942 \n | \n
| \n Trade and other\nreceivables \n | \n\n 11 \n | \n\n 1,954,696 \n | \n\n 1,377,066 \n | \n
| \n Cash and cash\nequivalent \n | \n\n 13 \n | \n\n 123,861 \n | \n\n 242,903 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2,417,483 \n | \n\n 1,951,911 \n | \n
\u00a0
\nThe Group continuously\nmonitors defaults of counterparties, identified either individually\nor by group, and incorporates this information into its credit risk\ncontrols. Where available at reasonable cost, external credit\nratings and/or reports on counterparties are obtained and used. The\nGroup\u2019s policy is to deal only with creditworthy\ncounterparties.
\n\u00a0
\nThe Group\u2019s\nmanagement considers that all of the above financial assets that\nare not impaired or past due for the reporting period under review\nare of good credit quality.
\n\u00a0
\nIn respect of trade and\nother receivables, the Group is not exposed to any significant\ncredit risk exposure to any single counterparty or any group of\ncounterparties having similar characteristics.
\n\u00a0
\nThe credit risk for cash\nand cash equivalents is considered negligible, since the\ncounterparties are reputable banks with high quality external\ncredit ratings.
\n\u00a0
\n24.4 Liquidity\nrisk
\n\u00a0
\nLiquidity risk is the\nrisk that the Group might be unable to meet its obligations. The\nGroup manages its liquidity needs through yearly cash flow\nforecasts by carefully monitoring expected cash inflows and\noutflows on a monthly basis. The Group\u2019s liquidity risk is\nnot deemed to be significant in view of the matching of cash\ninflows and outflows arising from expected maturities of financial\ninstruments, as well as the Group\u2019s committed borrowing\nfacilities that it can access to meet liquidity needs.
\n\u00a0
\nAs at 31 December 2025,\nthe non-derivative financial liabilities have contractual\nmaturities (including interest payments where applicable) as\nsummarised below:
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Current \n | \n\n Non-\ncurrent \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Within one\nyear \n | \n\n After one\nyear \n | \n
| \n \u00a0 \n | \n\n Notes \n | \n\n Euro \n | \n\n Euro \n | \n
| \n 31 December\n2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Lease\nliabilities \n | \n\n 10 \n | \n\n 33,402 \n | \n\n 108,344 \n | \n
| \n Borrowings \n | \n\n 14 \n | \n\n 127,623 \n | \n\n - \n | \n
| \n Trade and other\npayables \n | \n\n 17 \n | \n\n 2,904,535 \n | \n\n - \n | \n
| \n Debt securities in\nissue \n | \n\n 16 \n | \n\n - \n | \n\n 7,651,860 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 3,065,560 \n | \n\n 7,760,204 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n 31 December\n2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Lease\nliabilities \n | \n\n 10 \n | \n\n 121,764 \n | \n\n 55,860 \n | \n
| \n Borrowings \n | \n\n 14 \n | \n\n 374,340 \n | \n\n 228,337 \n | \n
| \n Trade and other\npayables \n | \n\n 17 \n | \n\n 1,479,346 \n | \n\n - \n | \n
| \n Debt securities in\nissue \n | \n\n 16 \n | \n\n - \n | \n\n 7,633,048 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 1,975,450 \n | \n\n 7,917,245 \n | \n
\u00a0
\n24.5 Market\nrisk
\n\u00a0
\n24.5.1 Foreign currency\nrisk
\n\u00a0
\nThe Group transacts\nbusiness mainly in euro. Exposure to currency exchange rates arise\nfrom the Group\u2019s sale and purchase of foreign currency\nto/from customers. However, foreign currency denominated financial\nassets and liabilities at the end of the financial reporting date\nunder review are deemed negligible.
\n\u00a0
\nAccordingly, the\nGroup\u2019s exposure to foreign exchange risk is not significant\nand a sensitivity analysis for foreign exchange risk disclosing how\nprofit or loss and equity would have been affected by changes in\nforeign exchange rates that were reasonably possible at the\nreporting date is deemed not necessary.
\n\u00a0
\n24.5.2 Interest rate\nrisk
\n\u00a0
\nThe Group\u2019s\nexposure to interest rate risk is limited to the variable interest\nrate of bank borrowings. Based on observation of current market\nconditions, management considers a change of +/- 100 basis points\nto be reasonably possible. The calculations are based on the\nGroup\u2019s financial instruments held at the end of the\nreporting period. All other variables are held constant.\nConsequently, the potential impact of such a shift in interest\nrates with effect from the beginning of the year on the net results\nfor the reporting period presented is considered\nimmaterial.
\n\u00a0
\n24.6 Summary of\nfinancial assets and financial liabilities by\ncategory
\n\u00a0
\nThe carrying amounts of\nthe Group\u2019s financial assets and financial liabilities as\nrecognised at the reporting date of the reporting year under review\nmay also be categorised as follows.
\n\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n Financial assets\nmeasured at amortised cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Current: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0- Trade and other\nreceivables \n | \n\n 1,993,758 \n | \n\n 1,377,066 \n | \n
| \n - Cash and cash\nequivalents \n | \n\n 123,861 \n | \n\n 242,903 \n | \n
| \n Non-current: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0- Amount owed by\nparent company \n | \n\n 338,926 \n | \n\n 331,942 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Total \n | \n\n 2,456,545 \n | \n\n 1,951,911 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Financial liabilities\nmeasured at amortised cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Current: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0- Trade and other\npayables \n | \n\n 2,904,535 \n | \n\n 1,479,346 \n | \n
| \n \u00a0-\nBorrowings \n | \n\n 127,623 \n | \n\n 374,340 \n | \n
| \n - Lease\nliabilities \n | \n\n 33,224 \n | \n\n 119,527 \n | \n
| \n Non-current: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0- 7,800,000 4.75%\nsecured bond 2033 \n | \n\n 7,651,860 \n | \n\n 7,633,048 \n | \n
| \n \u00a0-\nBorrowings \n | \n\n - \n | \n\n 228,337 \n | \n
| \n - Lease\nliabilities \n | \n\n 86,817 \n | \n\n 50,146 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Total \n | \n\n 10,804,059 \n | \n\n 9,884,744 \n | \n
24.1 Capital risk\nmanagement
\n\u00a0
\nThe capital structure of\nthe Group consists of equity attributable to equity holders,\ncomprising issued share capital, shareholder\u2019s contribution,\nrevaluation reserve and retained earnings as disclosed in the\nstatement of consolidated changes in equity.
\n\u00a0
\nThe Group manages its\ncapital to ensure that it will be able to continue as a going\nconcern while maximising the return to stakeholders through the\noptimisation of the debt and equity balance.
", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "ujeKf8SNKU": { "value": "24.2 Financial\ninstruments risk
\nThe Group is exposed to\nvarious risks in relation to financial instruments. The\nGroup\u2019s financial assets and liabilities by category are\nsummarised in note 24.6. The main types of risks are credit risk,\nliquidity risk and interest rate risk.
\n\u00a0
\nThe Group\u2019s risk\nmanagement is coordinated by the directors and focuses on actively\nsecuring the Group\u2019s short to medium term cash flows by\nminimising the exposure to financial risk.
\n\u00a0
\nThe Group does not\nactively engage in the trading of financial assets for speculative\npurposes nor does it write options. The most significant financial\nrisk to which the Group is exposed are described below.
\n\u00a0
\n24.3 Credit\nrisk
\n\u00a0
\nCredit risk is the risk\nthat a counterparty fails to discharge an obligation to the Group.\nThe Group\u2019s exposure to credit risk is limited to the\ncarrying amount of financial assets recognised at the reporting\ndate, as summarised below:
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Notes \n | \n\n Euro \n | \n\n Euro \n | \n
| \n Classes of financial\nassets \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Carrying\namounts: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Receivables \u2013 non\ncurrent \n | \n\n \u00a0 \n | \n\n 338,926 \n | \n\n 331,942 \n | \n
| \n Trade and other\nreceivables \n | \n\n 11 \n | \n\n 1,954,696 \n | \n\n 1,377,066 \n | \n
| \n Cash and cash\nequivalent \n | \n\n 13 \n | \n\n 123,861 \n | \n\n 242,903 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2,417,483 \n | \n\n 1,951,911 \n | \n
\u00a0
\nThe Group continuously\nmonitors defaults of counterparties, identified either individually\nor by group, and incorporates this information into its credit risk\ncontrols. Where available at reasonable cost, external credit\nratings and/or reports on counterparties are obtained and used. The\nGroup\u2019s policy is to deal only with creditworthy\ncounterparties.
\n\u00a0
\nThe Group\u2019s\nmanagement considers that all of the above financial assets that\nare not impaired or past due for the reporting period under review\nare of good credit quality.
\n\u00a0
\nIn respect of trade and\nother receivables, the Group is not exposed to any significant\ncredit risk exposure to any single counterparty or any group of\ncounterparties having similar characteristics.
\n\u00a0
\nThe credit risk for cash\nand cash equivalents is considered negligible, since the\ncounterparties are reputable banks with high quality external\ncredit ratings.
\n\u00a0
\n24.4 Liquidity\nrisk
\n\u00a0
\nLiquidity risk is the\nrisk that the Group might be unable to meet its obligations. The\nGroup manages its liquidity needs through yearly cash flow\nforecasts by carefully monitoring expected cash inflows and\noutflows on a monthly basis. The Group\u2019s liquidity risk is\nnot deemed to be significant in view of the matching of cash\ninflows and outflows arising from expected maturities of financial\ninstruments, as well as the Group\u2019s committed borrowing\nfacilities that it can access to meet liquidity needs.
\n\u00a0
\nAs at 31 December 2025,\nthe non-derivative financial liabilities have contractual\nmaturities (including interest payments where applicable) as\nsummarised below:
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Current \n | \n\n Non-\ncurrent \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Within one\nyear \n | \n\n After one\nyear \n | \n
| \n \u00a0 \n | \n\n Notes \n | \n\n Euro \n | \n\n Euro \n | \n
| \n 31 December\n2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Lease\nliabilities \n | \n\n 10 \n | \n\n 33,402 \n | \n\n 108,344 \n | \n
| \n Borrowings \n | \n\n 14 \n | \n\n 127,623 \n | \n\n - \n | \n
| \n Trade and other\npayables \n | \n\n 17 \n | \n\n 2,904,535 \n | \n\n - \n | \n
| \n Debt securities in\nissue \n | \n\n 16 \n | \n\n - \n | \n\n 7,651,860 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 3,065,560 \n | \n\n 7,760,204 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n 31 December\n2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Lease\nliabilities \n | \n\n 10 \n | \n\n 121,764 \n | \n\n 55,860 \n | \n
| \n Borrowings \n | \n\n 14 \n | \n\n 374,340 \n | \n\n 228,337 \n | \n
| \n Trade and other\npayables \n | \n\n 17 \n | \n\n 1,479,346 \n | \n\n - \n | \n
| \n Debt securities in\nissue \n | \n\n 16 \n | \n\n - \n | \n\n 7,633,048 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 1,975,450 \n | \n\n 7,917,245 \n | \n
\u00a0
\n24.5 Market\nrisk
\n\u00a0
\n24.5.1 Foreign currency\nrisk
\n\u00a0
\nThe Group transacts\nbusiness mainly in euro. Exposure to currency exchange rates arise\nfrom the Group\u2019s sale and purchase of foreign currency\nto/from customers. However, foreign currency denominated financial\nassets and liabilities at the end of the financial reporting date\nunder review are deemed negligible.
\n\u00a0
\nAccordingly, the\nGroup\u2019s exposure to foreign exchange risk is not significant\nand a sensitivity analysis for foreign exchange risk disclosing how\nprofit or loss and equity would have been affected by changes in\nforeign exchange rates that were reasonably possible at the\nreporting date is deemed not necessary.
\n\u00a0
\n24.5.2 Interest rate\nrisk
\n\u00a0
\nThe Group\u2019s\nexposure to interest rate risk is limited to the variable interest\nrate of bank borrowings. Based on observation of current market\nconditions, management considers a change of +/- 100 basis points\nto be reasonably possible. The calculations are based on the\nGroup\u2019s financial instruments held at the end of the\nreporting period. All other variables are held constant.\nConsequently, the potential impact of such a shift in interest\nrates with effect from the beginning of the year on the net results\nfor the reporting period presented is considered\nimmaterial.
\n\u00a0
\n24.6 Summary of\nfinancial assets and financial liabilities by\ncategory
\n\u00a0
\nThe carrying amounts of\nthe Group\u2019s financial assets and financial liabilities as\nrecognised at the reporting date of the reporting year under review\nmay also be categorised as follows.
\n\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n Financial assets\nmeasured at amortised cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Current: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0- Trade and other\nreceivables \n | \n\n 1,993,758 \n | \n\n 1,377,066 \n | \n
| \n - Cash and cash\nequivalents \n | \n\n 123,861 \n | \n\n 242,903 \n | \n
| \n Non-current: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0- Amount owed by\nparent company \n | \n\n 338,926 \n | \n\n 331,942 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Total \n | \n\n 2,456,545 \n | \n\n 1,951,911 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Financial liabilities\nmeasured at amortised cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Current: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0- Trade and other\npayables \n | \n\n 2,904,535 \n | \n\n 1,479,346 \n | \n
| \n \u00a0-\nBorrowings \n | \n\n 127,623 \n | \n\n 374,340 \n | \n
| \n - Lease\nliabilities \n | \n\n 33,224 \n | \n\n 119,527 \n | \n
| \n Non-current: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0- 7,800,000 4.75%\nsecured bond 2033 \n | \n\n 7,651,860 \n | \n\n 7,633,048 \n | \n
| \n \u00a0-\nBorrowings \n | \n\n - \n | \n\n 228,337 \n | \n
| \n - Lease\nliabilities \n | \n\n 86,817 \n | \n\n 50,146 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Total \n | \n\n 10,804,059 \n | \n\n 9,884,744 \n | \n
24.3 Credit\nrisk
\n\u00a0
\nCredit risk is the risk\nthat a counterparty fails to discharge an obligation to the Group.\nThe Group\u2019s exposure to credit risk is limited to the\ncarrying amount of financial assets recognised at the reporting\ndate, as summarised below:
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Notes \n | \n\n Euro \n | \n\n Euro \n | \n
| \n Classes of financial\nassets \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Carrying\namounts: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Receivables \u2013 non\ncurrent \n | \n\n \u00a0 \n | \n\n 338,926 \n | \n\n 331,942 \n | \n
| \n Trade and other\nreceivables \n | \n\n 11 \n | \n\n 1,954,696 \n | \n\n 1,377,066 \n | \n
| \n Cash and cash\nequivalent \n | \n\n 13 \n | \n\n 123,861 \n | \n\n 242,903 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2,417,483 \n | \n\n 1,951,911 \n | \n
\u00a0
\nThe Group continuously\nmonitors defaults of counterparties, identified either individually\nor by group, and incorporates this information into its credit risk\ncontrols. Where available at reasonable cost, external credit\nratings and/or reports on counterparties are obtained and used. The\nGroup\u2019s policy is to deal only with creditworthy\ncounterparties.
\n\u00a0
\nThe Group\u2019s\nmanagement considers that all of the above financial assets that\nare not impaired or past due for the reporting period under review\nare of good credit quality.
\n\u00a0
\nIn respect of trade and\nother receivables, the Group is not exposed to any significant\ncredit risk exposure to any single counterparty or any group of\ncounterparties having similar characteristics.
\n\u00a0
\nThe credit risk for cash\nand cash equivalents is considered negligible, since the\ncounterparties are reputable banks with high quality external\ncredit ratings.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "CQgHuH5sOq": { "value": "24.4 Liquidity\nrisk
\n\u00a0
\nLiquidity risk is the\nrisk that the Group might be unable to meet its obligations. The\nGroup manages its liquidity needs through yearly cash flow\nforecasts by carefully monitoring expected cash inflows and\noutflows on a monthly basis. The Group\u2019s liquidity risk is\nnot deemed to be significant in view of the matching of cash\ninflows and outflows arising from expected maturities of financial\ninstruments, as well as the Group\u2019s committed borrowing\nfacilities that it can access to meet liquidity needs.
\n\u00a0
\nAs at 31 December 2025,\nthe non-derivative financial liabilities have contractual\nmaturities (including interest payments where applicable) as\nsummarised below:
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Current \n | \n\n Non-\ncurrent \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Within one\nyear \n | \n\n After one\nyear \n | \n
| \n \u00a0 \n | \n\n Notes \n | \n\n Euro \n | \n\n Euro \n | \n
| \n 31 December\n2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Lease\nliabilities \n | \n\n 10 \n | \n\n 33,402 \n | \n\n 108,344 \n | \n
| \n Borrowings \n | \n\n 14 \n | \n\n 127,623 \n | \n\n - \n | \n
| \n Trade and other\npayables \n | \n\n 17 \n | \n\n 2,904,535 \n | \n\n - \n | \n
| \n Debt securities in\nissue \n | \n\n 16 \n | \n\n - \n | \n\n 7,651,860 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 3,065,560 \n | \n\n 7,760,204 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n 31 December\n2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Lease\nliabilities \n | \n\n 10 \n | \n\n 121,764 \n | \n\n 55,860 \n | \n
| \n Borrowings \n | \n\n 14 \n | \n\n 374,340 \n | \n\n 228,337 \n | \n
| \n Trade and other\npayables \n | \n\n 17 \n | \n\n 1,479,346 \n | \n\n - \n | \n
| \n Debt securities in\nissue \n | \n\n 16 \n | \n\n - \n | \n\n 7,633,048 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 1,975,450 \n | \n\n 7,917,245 \n | \n
24.5 Market\nrisk
\n\u00a0
\n24.5.1 Foreign currency\nrisk
\n\u00a0
\nThe Group transacts\nbusiness mainly in euro. Exposure to currency exchange rates arise\nfrom the Group\u2019s sale and purchase of foreign currency\nto/from customers. However, foreign currency denominated financial\nassets and liabilities at the end of the financial reporting date\nunder review are deemed negligible.
\n\u00a0
\nAccordingly, the\nGroup\u2019s exposure to foreign exchange risk is not significant\nand a sensitivity analysis for foreign exchange risk disclosing how\nprofit or loss and equity would have been affected by changes in\nforeign exchange rates that were reasonably possible at the\nreporting date is deemed not necessary.
\n\u00a0
\n24.5.2 Interest rate\nrisk
\n\u00a0
\nThe Group\u2019s\nexposure to interest rate risk is limited to the variable interest\nrate of bank borrowings. Based on observation of current market\nconditions, management considers a change of +/- 100 basis points\nto be reasonably possible. The calculations are based on the\nGroup\u2019s financial instruments held at the end of the\nreporting period. All other variables are held constant.\nConsequently, the potential impact of such a shift in interest\nrates with effect from the beginning of the year on the net results\nfor the reporting period presented is considered\nimmaterial.
\n\u00a0
\n24.6 Summary of\nfinancial assets and financial liabilities by\ncategory
\n\u00a0
\nThe carrying amounts of\nthe Group\u2019s financial assets and financial liabilities as\nrecognised at the reporting date of the reporting year under review\nmay also be categorised as follows.
\n\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Euro \n | \n\n Euro \n | \n
| \n Financial assets\nmeasured at amortised cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Current: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0- Trade and other\nreceivables \n | \n\n 1,993,758 \n | \n\n 1,377,066 \n | \n
| \n - Cash and cash\nequivalents \n | \n\n 123,861 \n | \n\n 242,903 \n | \n
| \n Non-current: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0- Amount owed by\nparent company \n | \n\n 338,926 \n | \n\n 331,942 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Total \n | \n\n 2,456,545 \n | \n\n 1,951,911 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Financial liabilities\nmeasured at amortised cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Current: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0- Trade and other\npayables \n | \n\n 2,904,535 \n | \n\n 1,479,346 \n | \n
| \n \u00a0-\nBorrowings \n | \n\n 127,623 \n | \n\n 374,340 \n | \n
| \n - Lease\nliabilities \n | \n\n 33,224 \n | \n\n 119,527 \n | \n
| \n Non-current: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0- 7,800,000 4.75%\nsecured bond 2033 \n | \n\n 7,651,860 \n | \n\n 7,633,048 \n | \n
| \n \u00a0-\nBorrowings \n | \n\n - \n | \n\n 228,337 \n | \n
| \n - Lease\nliabilities \n | \n\n 86,817 \n | \n\n 50,146 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Total \n | \n\n 10,804,059 \n | \n\n 9,884,744 \n | \n
25. Shareholder\u2019s\ncontribution
\n\u00a0
\nThe shareholder\u2019s\ncontributions were provided unconditionally by the parent company,\nDino Fino Group Ltd., in its capacity as shareholder. Cumulative\nunconditional shareholder contributions recognised within equity as\nat 31 December 2025 amounted to \u20ac1,375,435 (2024:\n\u20ac980,435).
\nDuring the financial year ended\n2025, Dino Fino Group Ltd., being a related party within the scope\nof IAS 24 \u2018Related Party Disclosures\u2019, irrevocably\nwaived a receivable of \u20ac395,000 due from the Group and\nconverted it into an unconditional shareholder contribution. The\ntransaction was undertaken in the capacity of shareholder and on a\nnon-reciprocal basis, resulting in the derecognition of the\ncorresponding financial liability in accordance with IFRS 9\n\u2018Financial Instruments\u2019 and a direct credit to equity.\nNo gain or loss was recognised in profit or loss in respect of this\ntransaction.
", "dimensions": { "concept": "dinofino:DisclosureOfShareholdersContributionExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "jCYzyC9Vyc": { "value": "26. Ultimate\ncontrolling party\n\u00a0\nThe company\u2019s\nparent company, Dino Fino Group Ltd, is ultimately controlled by\nMr. Dino Fino, who owns 100% of the parent company\u2019s issued\nshare capital.", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "OocCsaLj5v": { "value": "26. Ultimate\ncontrolling party\n\u00a0\nThe company\u2019s\nparent company, Dino Fino Group Ltd, is ultimately controlled by\nMr. Dino Fino, who owns 100% of the parent company\u2019s issued\nshare capital.", "dimensions": { "concept": "ifrs-full:NameOfUltimateParentOfGroup", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "FLOculMkSx": { "value": "27. Events after the\nreporting date
\n\u00a0
\nNo adjusting or\nsignificant non-adjusting events have occurred between the end of\nthe reporting year and the date of authorisation by the\ndirectors.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:98450067AEE47RA70431", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } } } }