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

Business combinations and capital reorganization (Tables)

v3.23.1
Business combinations and capital reorganization (Tables)
 12 Months Ended
Dec. 31, 2022
Business Combination [Abstract]  
Schedule of reverse recapitalization Consequently, the weighted average number of ordinary shares outstanding for basic and diluted earnings per share (“EPS”) for the prior periods is as follows:
December 31,
2021		 December 31,
2020
Shares for basic EPS Allego Holding 100 100
Exchange ratio 1,902,702 1,902,702
Adjusted number of shares 190,270,211 190,270,211
Schedule of identifiable assets and liabilities The assets and liabilities recognized as a result of the acquisition on March 16, 2022, are as follows:
(in €‘000) Fair value
Property, plant and equipment 90,651 
Right-of-use assets 11,055 
Lease liabilities (11,055)
Borrowings (current) (23,398)
Other working capital (excl. cash and cash equivalents) 166 
Cash and cash equivalents 874 
Net identifiable assets acquired 68,293 
Less: non-controlling interest (1,259)
Net assets acquired 67,034 
Schedule of identifiable assets and liabilities
The following table summarizes the estimated fair values of identifiable assets acquired and liabilities assumed as of the acquisition date (June 7, 2022).

(in €‘000) Fair value
Property, plant and equipment 181 
Right-of-use asset 1,594 
Other financial assets 41,984 
Derivatives 255 
Trade and other receivables 3,240 
Intangible Assets 8,681 
Cash and cash equivalents 1,343 
Prepayments — 
Current Tax Liabilities (405)
Defined benefit provision (386)
Deferred tax liabilities (3,044)
Lease Liabilities (1,594)
Trade and other payables (2,587)
Net identifiable assets acquired 49,262 
Add: goodwill 10,724 
Net assets acquired 59,986 
The following table summarizes the operating results of MOMA that were included in the consolidated statement of profit or loss for the year ended December 31, 2022.
(in €‘000) December 31, 2022
Revenue 3,108
Cost of sales — 
Other income 428 
Selling and distribution expenses (231)
General and administrative expenses (4,785)
Operating loss (1,480)
Finance costs (55)
Loss before income tax (1,535)
Income tax (654)
Loss for the year (2,189)
Goodwill arising from the MOMA acquisition was determined as follows:
(in €‘000) As at the acquisition date (June 7, 2022)
Cash consideration paid 59,986
Total consideration transferred 59,986 
Less: fair value of identifiable net assets acquired 49,262
Goodwill   10,724