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

Trade and other receivables

v3.23.1
Trade and other receivables
 12 Months Ended
Dec. 31, 2022
Reconciliation of changes in allowance account for credit losses of financial assets [abstract]  
Trade and other receivables Trade and other receivables
(in €‘000) December 31,
2022		 December 31,
2021
Trade receivables – gross 42,670  39,563 
Loss allowance —  (1)
Trade receivables – net 42,670  39,562 
VAT receivables 2,459  1,015 
Other receivables 1,517  232 
Receivables from related parties 194  142 
Government grants receivables 395  1,126 
Total 47,235  42,077 
The aging of the Group’s trade receivables and contract assets at the reporting date for all periods presented is disclosed in Note 32.
The movements in the loss allowance for the years ended December 31, 2022 and 2021 have been as follows:
Trade receivables
(in €‘000) 2022 2021
Opening balance loss allowance at the beginning of the year 1  2 
Additions to loss allowance —  — 
Receivables written off during the year as uncollectible —  — 
Unused amount reversed during the year (1) (1)
Closing balance loss allowance at the end of the year —  1 
There are no loss allowances on contract assets recognized as of December 31, 2022 and December 31, 2021. Impairment losses on trade receivables and contract assets are recorded in other costs, within general and administrative expenses in the consolidated statement of profit or loss. Subsequent recoveries of amounts previously written off are credited against the same line item.
Details about the Group’s exposure to credit risk is included in Note 32.