Property, Plant and Equipment

12 Months Ended

Dec. 31, 2023

Property, plant and equipment [abstract]

Property, Plant and Equipment

Note 11—Property, Plant and Equipment

	Plant and Machinery			Other Equipment			Leasehold Improve- ments			Right-of-Use Assets			Total
	(EUR’000)
Cost
January 1, 2022		16,946			8,822			18,067			116,135			159,970
Additions		7,787			2,487			1,284			3,245			14,803
Disposals		(32	)		(395	)		—			(5,480	)		(5,907	)
Foreign exchange translation		243			289			779			5,566			6,877
December 31, 2022		24,944			11,203			20,130			119,466			175,743
Additions		2,580			503			228			7,547			10,858
Disposals		(383	)		(57	)		—			—			(440	)
Transferred		504			(21	)		(504	)		—			(21	)
Foreign exchange translation		(209	)		(208	)		(479	)		(3,093	)		(3,989	)
December 31, 2023		27,436			11,420			19,375			123,920			182,151
Depreciation and impairment
January 1, 2022		(5,527	)		(3,547	)		(2,488	)		(22,359	)		(33,921	)
Depreciation charge		(2,039	)		(1,793	)		(1,942	)		(11,740	)		(17,514	)
Disposals		25			380			—			5,480			5,885
Foreign exchange translation		(43	)		(63	)		(67	)		(925	)		(1,098	)
December 31, 2022		(7,584	)		(5,023	)		(4,497	)		(29,544	)		(46,648	)
Depreciation charge		(2,569	)		(1,899	)		(2,085	)		(11,875	)		(18,428	)
Impairment charge		(2,869	)		(405	)		(4,560	)		—			(7,834	)
Disposals		146			54			—			—			200
Foreign exchange translation		92			98			196			807			1,193
December 31, 2023		(12,784	)		(7,175	)		(10,946	)		(40,612	)		(71,517	)
Carrying amount
December 31, 2022		17,360			6,180			15,633			89,922			129,095
December 31, 2023		14,652			4,245			8,429			83,308			110,634

The impairment charge for the year ended December 31, 2023, relates to change in planned activities at one of our R&D sites and is determined according to its estimated value in use.

Depreciation charges are specified below:

	2023		2022		2021
	(EUR’000)
Depreciation charges
Cost of sales (1)		2,509		1,245		252
Research and development costs		10,296		10,892		10,102
Selling, general and administrative expenses		5,623		5,377		4,592
Total depreciation charges		18,428		17,514		14,946

(1)Cost of sales includes depreciation charges capitalized as part of inventories.