Goodwill and other intangible assets (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of detailed information about intangible assets [abstract]

Schedule of changes in goodwill and other intangible assets

Changes in goodwill and other intangible assets for the Company periods are as follows:

Amounts in thousands USD	Goodwill		Customer relation		Technology		Brand and Licenses		Development Cost		Total
Cost
As of January 01, 2022	$	168,431	$	41,272	$	89,644	$	26,266	$	11,342	$	336,955
Additions	—		—		—		77		1,300		1,377
Translation differences	(22,486)		(5,510)		(11,968)		(3,506)		(1,573)		(45,043)
As of December 31, 2022	$	145,945	$	35,762	$	77,676	$	22,837	$	11,069	$	293,289
Additions	—		—		—		—		2,268		2,268
Reclassifications	—		—		—		—		349		349
Translation differences	5,748		1,409		3,059		899		568		11,683
As of December 31, 2023	$	151,693	$	37,171	$	80,735	$	23,736	$	14,254	$	307,589
Amortization and impairment
As of January 01, 2022	$	—	$	11,518	$	16,876	$	55	$	382	$	28,831
Amortization	—		3,704		5,363		88		2,056		11,211
Translation differences	—		(1,665)		(2,438)		(9)		(121)		(4,233)
As of December 31, 2022	$	—	$	13,557	$	19,801	$	134	$	2,317	$	35,809
Amortization	—		3,522		5,098		157		2,252		11,029
Reclassifications	—		—		—		—		46		46
Translation differences	—		729		1,062		14		219		2,024
As of December 31, 2023	$	—	$	17,808	$	25,961	$	305	$	4,834	$	48,908
Net Book Value
As of December 31, 2023	$	151,693	$	19,363	$	54,774	$	23,431	$	9,420	$	258,681
As of December 31, 2022	$	145,945	$	22,205	$	57,875	$	22,703	$	8,752	$	257,480

Schedule of test of goodwill and indefinite lived assets impairment

For impairment testing, goodwill acquired through business combinations and brands with indefinite useful lives are allocated to the Kit and Services CGUs, which are reportable segments.

	Amounts in thousands USD
As of December 31, 2023	Kit		Services		Total
Goodwill	$	121,006	$	30,687	$	151,693
Brands	13,840		9,139		22,979

As of December 31, 2022	Kit		Services		Total
Goodwill	$	116,274	$	29,671	$	145,945
Brands	13,291		8,817		22,108

Disclosure of significant unobservable inputs used in fair value measurement of assets

Details relating to the discounted cash flow models used in the impairment tests of the Kit and Services CGUs are as follows:

Valuation basis	Value in use
Key assumptions	•Sales growth rates •Profit margins •Terminal growth rate •Discount rate
Determination of assumptions	•Sales growth rates are internal forecasts based on both internal and external market information •Profit margins are internal forecasts based on both internal and external market information •Terminal growth rates based on management’s estimate of future long-term average growth rates •Discount rates based on the Company’s WACC, adjusted where appropriate.
Period of specific projected cash flows	10 years
Terminal growth rate and discount rate	Terminal growth rate		Discount rate 2023/2022
	Kit and Services CGUs	2% per annum	14%/ 17%