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PROPERTY, PLANT AND EQUIPMENT (Tables)
 12 Months Ended
Dec. 31, 2021
Property, plant and equipment [abstract]  
Summary Of Property, Plant And Equipment
In thousands of euro
Land and
Buildings1
Plant and
Equipment		Furniture and
fittings		Motor
Vehicles
Assets under
Construction2
TOTAL
Cost
At January 1, 202193,716 25,953 5,691 602 5,142 131,104 
Additions83,776 16,303 1,617 361 45,255 147,312 
Disposals(122)(926)(167)(7)— (1,222)
Modification of lease3
68 — — — — 68 
Cancellation of leases4
(3,586)— — — — (3,586)
Transfers788 2,975 — — (3,500)263 
Foreign exchange differences8,619 2,372 457 57 1,819 13,324 
At December 31, 2021183,259 46,677 7,598 1,013 48,716 287,263 
Depreciation/impairment
At January 1, 2021(6,447)(10,321)(1,398)(219)— (18,385)
Depreciation(13,141)(7,983)(1,338)(220)— (22,682)
Impairment5
(3,879)(2,310)(177)(185)(204)(6,755)
Impairment reversal883 — — — — 883 
Cancellation of leases717 — — — — 717 
Disposals122 841 119 4 — 1,086 
Transfers— 124 (58)(66)— — 
Foreign exchange differences(840)(1,081)(148)(31)(9)(2,109)
At 31 December 2021(22,585)(20,730)(3,000)(717)(213)(47,245)
Net book Value
At January 1, 202187,269 15,632 4,293 383 5,142 112,719 
At December 31, 2021160,674 25,947 4,598 296 48,503 240,018 
In thousands of euro
Land and
Buildings1
Plant and
Equipment		Furniture and
fittings		Motor
Vehicles
Assets under
Construction2
TOTAL
Cost
At January 1, 202023,945 16,268 3,536 116 1,533 45,398 
Additions50,491 10,541 2,460 83 3,731 67,306 
Disposals— (157)(231)— — (388)
Modification of lease3
24,506 — — — — 24,506 
Additions through business combinations under common control— 139 131 392 — 662 
Transfers(1,812)(1,812)
Additions through business combinations165 735 4 10 — 914 
Foreign exchange differences(3,579)(1,573)(209)1 (122)(5,482)
At December 31, 202093,716 25,953 5,691 602 5,142 131,104 
Depreciation/impairment
At January 1, 2020(3,549)(5,984)(864)(54)— (10,451)
Additions through business combinations under common control— (59)(25)(95)— (179)
Depreciation(6,157)(4,984)(788)(72)— (12,001)
Modification of lease3
1,114 1,114 
Transfers1,812 1,812 
Impairment— (25)— — — (25)
Disposals— 157 225 — — 382 
Foreign exchange differences333 574 54 2 — 963 
At December 31, 2020(6,447)(10,321)(1,398)(219)— (18,385)
Net book Value
At January 1, 202020,396 10,284 2,672 62 1,533 34,947 
At December 31, 202087,269 15,632 4,293 383 5,142 112,719 
1.Land and Building comprise cost of right-of-use assets of properties for EUR 173,004,035 (2020: 93,575,296), accumulated depreciation for EUR 19,169,540 (2020: EUR 6,559,257) and accumulated impairment for EUR 2,755,142.
2.Assets under construction classified under property, plant and equipment are assets bought and/or lease hold improvements that are not ready for use. Additions to assets under construction include capitalized borrowing costs directly related to the building of the factories for EUR 113,259 (2020: EUR -), calculated using a capitalization rate of 21%.
3.During 2020, the Group has entered a number of new leases and amended several existing agreements. The Group has entered into 4 lease agreements in the USA which have a right-of-use assets of EUR 23,770,000. In addition, the Group has leased office and factory buildings in the UK of total right-of-use asset value of EUR 24,683,000. Due to the growth the Group, we have renegotiated several of the existing lease agreements, which resulted in obtaining better terms and at the same time extent the period of the lease terms. The total modification of the lease amounted to EUR 24,506,000 of cost and EUR 1,114,000 of accumulated depreciation. In 2021, the Group entered into several lease agreements a total amount EUR 74,635,121. These additions are related, mainly, to offices and workshop spaces in the UK for EUR 60,765,004, to a workshop space in Spain for EUR 11,483,107 and in Russia for EUR 22,149,549.
4.Cancellation of leases relate to the cancellation of 3 leases in the UK, the net book value of the right-of-use assets cancelled amounted to EUR 2,869,267 resulting in a gain of EUR 1,096,778.
5.Impairment of right-of-use assets booked in 2021 relate mainly to right-of-use assets of leases in Germany under dispute for EUR 1,824,188, to a workshop space in the US for EUR 932,693 and to a lease in Israel for EUR 721,772 being part of the fixed assets of the Charing Stations cash generating unit impaired. The impairment of right-of-use asset related to the workshop space in the US was reversed in the same year as the group assessed that the circumstances that initially led to booking the impairment do no longer exist at December 31, 2021.
An impairment loss of EUR 3,916,361 was recorded related to the property, plant and equipment of Charging Stations and Roborace cash generating units.