Allego N.V. Post-effective amendment to a registration statement that is not immediately effective upon filing

Post-effective amendment to a registration statement that is not immediately effective upon filing

Property, plant and equipment

Property, plant and equipment

12 Months Ended

Dec. 31, 2021

Text Block [Abstract]

Property, plant and equipment

14. Property, plant and equipment

The movements in property, plant and equipment for the years ended December 31, 2021 and 2020 have been as follows:


(in €‘000)	Chargers and charging infrastructure			Other fixed assets			Assets under construction			Total

Cost		37,580			1,780			2,278			41,638
Accumulated depreciation and impairment		(8,170	)		(943	)		—			(9,113	)
Carrying amount at January 1, 2020		29,410			837			2,278			32,525

Movements in 2020
Additions		—			62			14,004			14,066
Disposals		(1,773	)		—			—			(1,773	)
Depreciation		(4,024	)		(285	)		—			(4,309	)
Depreciation of disposals		421			—			—			421
Impairments		(466	)		—			—			(466	)
Reclassifications		7,159			—			(7,159	)		—
Carrying amount at December 31, 2020		30,727			614			9,123			40,464

Cost		42,966			1,842			9,123			53,931
Accumulated amortization and impairment		(12,239	)		(1,228	)		—			(13,467	)
Carrying amount at December 31, 2020		30,727			614			9,123			40,464

Movements in 2021
Additions		—			3			8,107			8,110
Disposals		(2,317	)		—			—			(2,317	)
Depreciation		(5,417	)		(206	)		—			(5,623	)
Depreciation of disposals		813			—			—			813
Impairments		(354	)		—			—			(354	)
Reversal of impairments		381			—			—			381
Reclassifications		6,764			70			(6,764	)		70
Carrying amount at December 31, 2021		30,597			481			10,466			41,544
Cost		47,413			1,915			10,466			59,794
Accumulated depreciation and impairment		(16,816	)		(1,434	)		—			(18,250	)
Carrying amount at December 31, 2021		30,597			481			10,466			41,544

Impairments and reversals of impairments of chargers

the consolidated statement of profit or loss for the year ended December 31, 2021, the Group recorded an impairment loss of €

354

thousand (2020: €

466

thousand, 2019: €

272

thousand) for chargers that were underutilized and not performing as expected. The carrying amount of these chargers have been reduced to its recoverable amount.

the consolidated statement of profit or loss for the year ended December 31, 2021, the Group recorded a reversal of impairment of €

381

thousand (2020: €

nil

, 2019: €

nil

) for chargers for which an impairment loss was previously recognized that demonstrated an improvement in their utilization rate as at December 31, 2021. The impairment loss and reversal of impairment have been recorded within general and administrative expenses.

Refer to Note 3.2.2 for details on estimates and assumptions made with respect to the impairment and reversal of impairments of

non-financial

assets.

Government grants related to chargers and charging infrastructure

The Group has received government grants for the purchase of certain items of chargers and charging infrastructure. There are no unfulfilled conditions or contingencies attached to these grants.

The grants are recognized in the consolidated statement of profit or loss over the useful life of the depreciable assets by way of a reduced depreciation charge. The movements in government grants related to chargers and charging infrastructure for the years ended December 31, 2021 and 2020 have been as follows:


(in €‘000)	2021			2020

Opening balance at the beginning of the year		10,471			10,174
Received during the year		1,702			3,181
Released to the consolidated statement of profit or loss		(2,545	)		(2,884	)
Closing balance at the end of the year		9,628			10,471

Purchase commitments

The Group’s purchase commitments for chargers and charging infrastructure are disclosed in Note 32. At the end of each reporting period presented, the Group did not have purchase commitments for other asset classes of property, plant and equipment.