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Deferred Income
12 Months Ended
Sep. 30, 2023
Deferred income [abstract]  
Deferred Income
23.
DEFERRED INCOME

 

 

 

Government Grants

 

 

Other

 

Balance at September 30, 2022

 

 

 

 

 

2,080

 

Pledged during the year

 

 

10,675

 

 

 

2,680

 

Received during the year

 

 

 

 

 

(2,080

)

Released to the statement of comprehensive income

 

 

41

 

 

 

 

Balance at September 30, 2023

 

 

10,634

 

 

 

2,680

 

current

 

 

 

 

 

2,680

 

non-current

 

 

10,634

 

 

 

 

 

In the fiscal year ended September 30, 2023 the Group was awarded a government grant by the state of Mecklenburg-Vorpommern, amounting up to €11.3 million, conditional on the investment in a production facility and the creation of 400 permanent jobs in Pasewalk, Germany. The grant is recognized as deferred income and is released to the statement of comprehensive income over the useful life of the respective assets. €8.7 million of cash from the state Mecklenburg-Vorpommern were received on November 23, 2023 and recorded as a reduction of the other financial assets.