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Property, Plant and Equipment (Tables)
12 Months Ended
Dec. 31, 2024
Property, plant and equipment [abstract]  
Summary of Property, Plant and Equipment

 

Plant and
Machinery

 

 

Other
Equipment

 

 

Leasehold
Improve-
ments

 

 

Right-of-Use
Assets

 

 

Total

 

 

(EUR’000)

 

Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1, 2023

 

 

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

 

Additions

 

 

299

 

 

 

951

 

 

 

76

 

 

 

861

 

 

 

2,187

 

Disposals

 

 

(5,995

)

 

 

(1,635

)

 

 

 

 

 

(89

)

 

 

(7,719

)

Transferred

 

 

66

 

 

 

(66

)

 

 

 

 

 

 

 

 

 

Foreign exchange translation

 

 

127

 

 

 

306

 

 

 

847

 

 

 

5,462

 

 

 

6,742

 

December 31, 2024

 

 

21,933

 

 

 

10,976

 

 

 

20,298

 

 

 

130,154

 

 

 

183,361

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and impairment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1, 2023

 

 

(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

)

Depreciation charge

 

 

(2,330

)

 

 

(1,322

)

 

 

(1,283

)

 

 

(12,312

)

 

 

(17,247

)

Disposals

 

 

5,296

 

 

 

1,501

 

 

 

 

 

 

88

 

 

 

6,885

 

Foreign exchange translation

 

 

(112

)

 

 

(194

)

 

 

(556

)

 

 

(1,906

)

 

 

(2,768

)

December 31, 2024

 

 

(9,930

)

 

 

(7,190

)

 

 

(12,785

)

 

 

(54,742

)

 

 

(84,647

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2023

 

 

14,652

 

 

 

4,245

 

 

 

8,429

 

 

 

83,308

 

 

 

110,634

 

December 31, 2024

 

 

12,003

 

 

 

3,786

 

 

 

7,513

 

 

 

75,412

 

 

 

98,714

 

Summary of Depreciation Charges

Depreciation charges are specified below:

 

2024

 

 

2023

 

 

2022

 

 

(EUR’000)

 

Depreciation charges

 

 

 

 

 

 

 

 

 

Cost of sales (1)

 

 

3,197

 

 

 

2,509

 

 

 

1,245

 

Research and development costs

 

 

7,453

 

 

 

10,296

 

 

 

10,892

 

Selling, general, and administrative expenses

 

 

6,597

 

 

 

5,623

 

 

 

5,377

 

Total depreciation charges

 

 

17,247

 

 

 

18,428

 

 

 

17,514

 

(1)
Includes depreciation charges capitalized as part of inventories.