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

Financial instruments

v3.23.1
Financial instruments
 12 Months Ended
Dec. 31, 2022
Disclosure of detailed information about financial instruments [abstract]  
Financial instruments Financial instruments
This note provides information about the Group’s financial instruments, including:
•an overview of all financial instruments held by the Group;
•the classification of the financial instruments;
•the line item on the consolidated statement of financial position in which the financial instrument is included;
•the financial instrument’s book and fair value.
The Group holds the following financial instruments:
Financial assets
(in €‘000) Notes At amortized
cost		 Fair value
through
PL		 Fair value
through
OCI		 Total book
value		 Total fair
value
As at December 31, 2021
Non-current other financial assets 19 18,887  695  —  19,582  19,582 
Current other financial assets 19 —  30,400  —  30,400  30,400 
Trade and other receivables 20 41,063  —  —  41,063  41,063 
Cash and cash equivalents 22 24,652  —  —  24,652  24,652 
Total 84,602  31,095  —  115,697  115,697 
As at December 31, 2022
Non-current other financial assets 19 21,900  9,198  31,389  62,487  62,487 
Trade and other receivables 20 44,776  —  —  44,776  44,776 
Cash and cash equivalents 22 83,022  —  —  83,022  83,022 
Total 150,299  9,198  31,389  190,886  190,886 
Due to the highly liquid nature of cash and cash equivalents and the pledged bank balances classified within non-current other financial assets, their carrying amount is considered to be the same as their fair value. Due to the short-term nature of trade and other receivables, their carrying amount is considered to be the same as their fair value.
Financial liabilities
(in €‘000) Notes At amortized
cost		 Fair value through PL Total book
value		 Total fair
value
As at December 31, 2021
Borrowings 25 213,128  —  213,128  271,370 
Non-current lease liabilities 17 26,097  —  26,097  N/A
Current lease liabilities 17 5,520  —  5,520  N/A
Trade and other payables 28 24,072  —  24,072  24,072 
Total 268,817  —  268,817  295,442 
As at December 31, 2022
Borrowings 25 269,033  —  269,033  272,641 
Non-current lease liabilities 17 44,044  —  44,044  N/A
Current lease liabilities 17 7,280  —  7,280  N/A
Trade and other payables 28 51,263  —  51,263  51,263 
Warrant liabilities —  1,296  1,296  1,296 
Total 371,620  1,296  372,916  325,200 
Due to the short-term nature of the trade and other payables, their carrying amount is considered to be the same as their fair value.