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

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

Leases

Leases

12 Months Ended

Dec. 31, 2021

Text Block [Abstract]

Leases

16.

Leases

16.1	Group as a lessee

Amounts recognized in the consolidated statement of financial position

The consolidated statement of financial position shows the following amounts relating to leases:


(in €‘000)	December 31, 2021		December 31, 2020
Right-of-use assets
Office buildings		9,886		10,985
Cars		1,134		1,761
Software		18,674		—
Other		659		868
Total		30,353		13,614

Additions to the

right-of-use

assets for office buildings during 2021 were €259

thousand

(2020: € nil). Additions to the

right-of-use

assets for cars during 2021 were €144 thousand (2020: €672 thousand). Additions to the

right-of-use

assets for software during 2021 were €20,308 thousand (2020: € nil). Additions to the

right-of-use

assets for other during 2021 were €90 thousand (2020: €899 thousand).


(in €‘000)	December 31, 2021		December 31, 2020
Lease liabilities
Current
Office buildings		820		963
Cars		604		676
Software		4,002		—
Other		94		187
Total		5,520		1,826
Non-current
Office buildings		9,423		10,315
Cars		551		1,105
Software		15,596		—
Other		527		657
Total		26,097		12,077

Lease liabilities are effectively secured as the rights to the leased assets recorded in the consolidated financial statements revert to the lessor in the event of default.

Amounts recognized in the consolidated statement of profit or loss

The consolidated statement of profit or loss shows the following amounts relating to leases:


(in €‘000)	2021		2020		2019
Depreciation expenses right-of-use assets
Office buildings		893		682		368
Cars		653		948		887
Software		1,633		—		—
Other		229		175		57
Total		3,408		1,805		1,312
Interest expenses on lease liabilities (included in finance costs)
Office buildings		216		241		157
Cars		25		39		37
Software		266		—		—
Other		20		14		4
Total		527		294		198

Total cash outflows for leases

The total cash outflows for leases were as follows:


(in €‘000)	2021		2020		2019
Office buildings		1,031		764		392
Cars		675		974		909
Software		1,774		—		—
Other		262		215		59
Total		3,742		1,953		1,360

Decommissioning of charging sites

The Group has land permits in Germany and in the Netherlands. For some land permits, the Group is required to decommission charging equipment upon termination of the concession. In Germany, in most instances the charging equipment will become the property of the municipality and therefore there are no dismantling costs for the Group. In the Netherlands, in most instances the requester for termination will be required to pay for the dismantling costs which is not expected to be the Group. In other instances, it is expected that the sites will be continued at the end of the concession period. Therefore, any dismantling costs to be capitalized as part of

right-of-use

assets are considered to be immaterial as this only constitutes expenses to be incurred for recovering the charging equipment.

16.2	Group as a lessor

During the year ended December 31, 2021, the Group entered into a sublease rental agreement with a third party for one of its office buildings. In the consolidated statement of profit or loss for the year ended December 31, 2021, the Group recognized sublease rental income of €200 thousand (2020: € nil, 2019: € nil).

Future minimum rentals receivable under

non-cancellable

sublease rental agreements classified as operating leases as at each reporting date, are as follows:


(in €‘000)	December 31, 2021		December 31, 2020
Within one year		200		—
After one year but not more than five years		200		—
More than five years		—		—
Total		400		—