Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Intangible assets

v3.22.1
Intangible assets
12 Months Ended
Dec. 31, 2021
Text Block [Abstract]  
Intangible assets
15.
Intangible assets
The movements in intangible assets for the years ended December 31, 2021 and 2020 have been as follows:
 
(in €‘000)
  
Software
    
Internally developed
software
    
Total
 
Cost
     1,012        7,175        8,187  
Accumulated amortization and impairment
     (641      (2,586      (3,227
Carrying amount at January 1, 2020
  
 
371
 
  
 
4,589
 
  
 
4,960
 
Movements in 2020
        
Additions
     160        2,627        2,787  
Disposals
     —          —          —    
Amortization
     (333      (3,404      (3,737
Amortization of disposals
     —          —          —    
Impairments
     —          —          —    
Reclassifications
     —          —          —    
Carrying amount at December 31, 2020
  
 
198
 
  
 
3,812
 
  
 
4,010
 
Cost
     1,172        9,802        10,974  
Accumulated amortization and impairment
     (974      (5,990      (6,964
Carrying amount at December 31, 2020
  
 
198
 
  
 
3,812
 
  
 
4,010
 
Movements in 2021
        
Additions
     4,034        3,009        7,043  
Disposals
     —          —           —     
Amortization
     (97      (2,623      (2,720 )
Amortization of disposals
     —          —           —     
Impairments
     —          —           —     
Reclassifications
     —          —           —     
Carrying amount at December 31, 2021
  
 
4,135
 
  
 
4,198
 
  
 
8,333
 
Cost
     5,206        12,811        18,017  
Accumulated amortization and impairment
     (1,071 )      (8,613      (9,684
Carrying amount at December 31, 2021
  
 
4,135
 
  
 
4,198
 
  
 
8,333
 
Internally developed software
Internally developed software comprises the Group’s internally developed EV Cloud platform. As at December 31, 2021, the remaining amortization period was one to three years (December 31, 2020: one to three years, December 31, 2019: one to three years).