Cash generated from operations |
Cash generated from operations
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in €‘000) |
|
Notes |
|
2024 |
|
2023 |
|
2022 |
Loss before income tax |
|
|
|
(46,309) |
|
|
(109,778) |
|
|
(304,656) |
|
Adjustments to reconcile loss before income tax to net cash flows: |
|
|
|
|
|
|
|
|
Loss on modification of old facility |
|
25 |
|
— |
|
|
— |
|
|
1,730 |
|
Loss on extinguishment of old facility |
|
25 |
|
— |
|
|
— |
|
|
2,832 |
|
Fair value (gains)/losses on derivatives (purchase options) |
|
7 |
|
— |
|
|
— |
|
|
(3,787) |
|
Fair value (gains)/losses on derivatives (power purchase agreements) |
|
7 |
|
12,690 |
|
|
7,442 |
|
|
— |
|
Fair value (gains)/losses on Public and Private warrant liabilities |
|
27 |
|
— |
|
|
6,273 |
|
|
(27,103) |
|
Other finance (income)/costs |
|
12 |
|
36,544 |
|
|
31,535 |
|
|
12,221 |
|
Share-based payment expenses |
|
11 |
|
(29,967) |
|
|
21,120 |
|
|
258,089 |
|
Depreciation, impairments and reversal of impairments of property, plant and equipment |
|
9 , 10 , 15 |
|
21,767 |
|
|
20,222 |
|
|
16,749 |
|
Depreciation and impairments of right-of-use of assets |
|
9 , 10 , 17 |
|
11,734 |
|
|
8,537 |
|
|
6,710 |
|
Amortization and impairments of intangible assets |
|
9 , 10, 16 |
|
8,886 |
|
|
3,635 |
|
|
3,691 |
|
Net (gain)/loss on disposal of property, plant and equipment |
|
7 |
|
4,407 |
|
|
7,975 |
|
|
10,473 |
|
Movements in working capital: |
|
|
|
|
|
|
|
|
Decrease/(increase) in inventories |
|
18 |
|
6,858 |
|
|
(8,087) |
|
|
(16,788) |
|
Decrease/(increase) in other financial assets |
|
19 |
|
(2,143) |
|
|
(9,491) |
|
|
(3,312) |
|
Decrease/(increase) in trade and other receivables, contract assets, and prepayments and other assets |
|
6 , 20 , 21 |
|
11,302 |
|
|
(20,490) |
|
|
(21,664) |
|
Increase/(decrease) in trade and other payables and contract liabilities |
|
6 , 28 |
|
8,752 |
|
|
7,828 |
|
|
(31,031) |
|
Increase/(decrease) in provisions and other liabilities |
|
26 |
|
4,387 |
|
|
2,597 |
|
|
142 |
|
Cash generated from/(used in) operations |
|
|
|
48,909
|
|
|
(30,681) |
|
|
(95,704) |
|
|