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Financial instruments-fair values and risk management (Tables)
12 Months Ended
Dec. 31, 2022
Financial instruments-fair values and risk management  
Schedule of assets and liabilities that are measured at fair value on a recurring basis

in EUR k

Level 1

Level 2

Level 3

Carrying value

Category measurement

Non-current loans

(40,787)

(41,312)

Amortized Cost

Warrants liability

(260)

(260)

FVTPL

Prepayment option derivative asset

510

510

FVTPL

Interest rate floor derivative liability

(376)

(376)

FVTPL

Schedule of profit or loss impact on the fair values of Level 3 instruments

2022

in EUR k

Shift

increase

decrease

Tranche A Option (yield) - Volatility

+/- 5%

219

(150)

Tranche A Option (yield) - Discount rate

+/- 10%

2

(0)

Tranche B Option (yield) - Volatility

+/- 5%

136

(105)

Tranche B Option (yield) - Discount rate

+/- 10%

3

(1)

Tranche B Floor - Credit spread

+/- 10%

9

(9)

Warrant - Volatility

+/- 5%

45

(44)

Schedule of information regarding the credit risk exposure of trade receivables and contract assets

As of December 31, 2022

 

    

    

    

    

    

Past due by

 

Total Gross

Past due 1 -

Past due 31 90

more than 90

 

in EUR k

amount

Not past due

30 days

days

days

 

Middle East

 

15,291

 

8,021

1,081

1,533

4,656

Europe

 

1,987

 

1,494

124

64

305

Latin America

 

825

 

742

62

12

9

North America

 

2,443

 

2,275

21

48

99

Asia Pacific

 

143

 

142

1

Contract assets

251

251

Total

 

20,940

 

12,925

1,289

1,657

5,069

Expected credit loss rate

 

21.0

%  

1.0

%  

3.9

%  

7.4

%  

80.8

%

Expected credit loss

 

4,392

 

124

50

 

122

 

4,096

As of December 31, 2021

 

(Restated)

    

    

    

    

    

Past due by

 

Total Gross

Past due 1 -

Past due 31 90

more than 90

 

in EUR k

amount

Not past due

30 days

days

days

 

Middle East

 

13,967

 

3,999

 

1,013

 

2,056

 

6,899

Europe

 

11,486

 

10,771

 

351

 

259

 

105

Latin America

 

683

 

531

 

23

 

72

 

57

North America (Restated)

 

2,513

 

2,513

 

 

 

Asia Pacific

 

130

 

115

 

9

 

6

 

Total

 

28,779

 

17,929

 

1,396

 

2,393

 

7,061

Expected credit loss rate

 

19.0

%  

2.0

%  

7.7

%  

11.7

%  

64.1

%

Expected credit loss

 

5,317

 

403

107

 

280

 

4,526

As of December 31, 2020

 

(Restated)

    

    

    

    

    

Past due by

 

Total Gross

Past due 1 -

Past due 31 90

more than 90

 

in EUR k

amount

Not past due

30 days

days

days

 

Middle East

 

10,515

3,338

486

385

6,306

Europe

 

20,017

19,193

706

113

5

Latin America

 

387

313

24

13

37

North America (Restated)

 

2,584

1,205

994

262

123

Asia Pacific

 

178

136

18

24

Total

 

33,681

24,185

2,228

797

6,471

Expected credit loss rate

 

14.0%

1.6%

3.1%

7.7%

65.0%

Expected credit loss

 

4,693

387

69

61

4,176

Schedule of development of impairment losses relating to trade and other receivables

in EUR k

2022

2021*

Jan 1, 2021*

As of January 1

 

5,317

 

4,693

2,355

Provision/(reversal) for expected credit losses

 

(829)

 

827

3,636

Derecognition of trade receivables

(96)

(203)

(1,298)

As of December 31

 

4,392

 

5,317

4,693

* Trade receivables and contract assets have been restated as of December 31, 2021, and January 1, 2021. Refer to Note 2.4.

Schedule of residual contractual terms of financial liabilities, including estimated interest payments

Contractually agreed cash flows

    

    

    

    

    

    

More

Dec 31, 2022

Carrying

Less than

2 to 12

1 to 5

than

in EUR k

amount

Total

2 months

months

years

 

5 years

Bank overdrafts

 

3,374

3,374

3,374

Secured bank loans

 

41,312

59,473

678

3,516

55,279

Lease liabilities

 

15,436

17,713

552

2,265

7,967

6,929

Trade payables

 

6,317

6,317

6,317

 

66,439

86,877

10,921

5,781

63,246

6,929

Contractually agreed cash flows

    

    

    

    

    

    

More

Dec 31, 2021 (Restated)

Carrying

Less than

2 to 12

1 to 5

than

in EUR k

amount

Total

2 months

months

years

 

5 years

Bank overdrafts

3,310

3,310

3,310

Secured bank loans

 

505

505

105

400

Lease liabilities

 

18,724

21,777

703

3,337

8,844

8,893

Trade payables

 

11,252

11,252

11,252

 

33,791

 

36,844

 

15,370

 

3,737

 

8,844

 

8,893

Contractually agreed cash flows

    

    

    

    

    

    

More

Dec 31, 2020

Carrying

Less than

2 to 12

1 to 5

than

in EUR k

amount

Total

2 months

months

years

 

5 years

Bank overdrafts

1,538

1,538

1,538

Secured bank loans

 

968

997

5

584

408

Other bank loans

387

394

394

Lease liabilities

 

21,205

24,897

716

3,580

9,861

10,740

Trade payables

 

31,736

31,525

31,011

514

 

55,834

59,351

33,270

5,072

10,269

10,740

Schedule of reconciliation of liabilities arising from financing activities

    

    

    

Non-cash changes

Changes in

in EUR k

Jan 1, 2022

Cash flows

Additions

maturity and FX

Dec 31, 2022

Non-current financial liabilities

15,394

36,631

65

1,086

53,176

Non-current portion of secured bank loans

 

 

38,965

1,086

 

40,051

Non-current lease liabilities

 

15,394

 

(2,334)

65

 

13,125

Current financial liabilities

 

7,145

 

(1,518)

 

1,319

 

 

6,946

Current portion of secured bank loans

 

505

 

(505)

1,261

 

1,261

Bank loans

Bank overdrafts

3,310

64

3,374

Current lease liabilities

 

3,330

 

(1,077)

58

 

2,311

Total

 

22,539

 

35,113

 

1,384

 

1,086

 

60,122

Non-cash changes

    

    

    

    

Changes in

    

in EUR k

Jan 1, 2021

Cash flows

Additions

maturity and FX

Dec 31, 2021

Non-current financial liabilities

 

18,078

(594)

865

(2,955)

15,394

Non-current portion of secured bank loans

401

 

(401)

 

Non-current lease liabilities

 

17,677

 

(193)

865

(2,955)

 

15,394

Current financial liabilities

 

6,020

 

(2,881)

 

1,438

 

2,568

 

7,145

Current portion of secured bank loans

 

567

 

(62)

 

505

Bank loans

387

(387)

Bank overdrafts

1,538

1,505

267

3,310

Current lease liabilities

 

3,528

 

(4,324)

1,171

2,955

 

3,330

Total

 

24,098

 

(3,475)

 

2,303

 

(387)

 

22,539

Schedule of net foreign currency exposure

Dec 31, 2022

in EUR k

    

USD

    

INR

    

AED

Trade receivables

3,720

8

Trade payables and other liabilities

 

(2,701)

Net exposure

 

1,019

8

 

Dec 31, 2021

Restated

in EUR k

USD

INR

AED

Trade receivables

    

2,604

8

Trade payables and other liabilities

 

(2,394)

(4)

Net exposure

 

210

 

4

 

Dec 31, 2020

Restated

in EUR k

USD

INR

AED

Trade receivables

    

1,224

18

Trade payables and other liabilities

 

(3,631)

(55)

(17)

Net exposure

 

(2,407)

 

(37)

 

(17)

Schedule of exchange rate sensitivity

Earnings before tax

Equity

in EUR k

5% increase

    

5% decrease

    

5% increase

5% decrease

December 31, 2022

(94)

104

(94)

104

December 31, 2021

(101)

112

(101)

112