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Consolidated statement of changes in equity - EUR (€)
€ in Thousands
Total
Increase (decrease) due to changes in accounting policy required by IFRSs, cumulative effect at date of initial application
Opening balance after adjustment, cumulative effect at date of initial application
Share capital
Share capital
Opening balance after adjustment, cumulative effect at date of initial application
Share premium
Share premium
Opening balance after adjustment, cumulative effect at date of initial application
Accumulated deficit
Accumulated deficit
Increase (decrease) due to changes in accounting policy required by IFRSs, cumulative effect at date of initial application
Accumulated deficit
Opening balance after adjustment, cumulative effect at date of initial application
Other reserves
Other reserves
Opening balance after adjustment, cumulative effect at date of initial application
[1]
Beginning balance at Dec. 31, 2018 € 49,956 € (475) € 49,481 € 16 € 16 € 116,160 € 116,160 € (68,361) € (475) € (68,836) € 2,141 [1] € 2,141
Loss for the year (48,096)             (48,096)        
Other comprehensive income 4,894                   4,894 [1]  
Transactions with shareholders 6,279     16   116,160   (116,932)     7,035 [1]  
Issuance of share capital 250,909     7,333   243,576            
Conversion of share premium to share capital 0     219,984   (219,984)            
Business combination under common control (57,943)             (57,943)        
Ending balance at Dec. 31, 2019 199,245     227,333   139,752   (174,875)     7,035 [1]  
Loss for the year (83,215)             (83,215)        
Other comprehensive income (7,757)                   (7,757) [1]  
Transactions with shareholders 108,273     227,333   139,752   (258,090)     (722) [1]  
Issuance of share capital 160,557     11,770   148,787            
Restrictive Share Plan to employees 27,400                   27,400 [1]  
Equity-settled share-based payments 24,747                   24,747 [1]  
Allocation of treasure shares to employees                     42,585  
Business combination under common control (666)             (666)        
Ending balance at Dec. 31, 2020 320,311     239,103   288,539   (258,756)     51,425 [1]  
Loss for the year (1,103,575)             (1,103,575)        
Other comprehensive income 28,970                   28,970 [1]  
Transactions with shareholders (754,294)     239,103   288,539   (1,362,331)     80,395 [1]  
Issuance of share capital as consideration for the merger with CIIG 1,346,909     7,232   602,413         737,264 [1]  
Adjustment of shareholding transfered from Arrival Luxembourg S.à r.l. to Arrival 0     (185,719)   3,888,593         (3,702,874) [1]  
Issuance of share capital 297,690     3,723   293,967            
Initial share capital of Arrival 30     30                
Reduction of capital of Arrival 0     (30)             30 [1]  
Exercise of warrants into shares 188,013     1,427   117,347         69,239 [1]  
Equity-settled share-based payments 4,387                   4,387 [1]  
Treasury shares (1,017)                   (1,017) [1]  
Allocation of treasure shares to employees 1,301                   1,301 [1]  
Ending balance at Dec. 31, 2021 € 1,083,019     € 65,766   € 5,190,859   € (1,362,331)     € (2,811,275) [1]  
[1] Other reserves comprise of foreign currency translation, share base payments reserves relating to Arrival Share Option Plan 2020 (“SOP”), Restricted Share Plan (“RSP”) and Restricted Stock Unit (“RSU”) and equity reserves which are not distributable (see note 13B).