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

Borrowings (Tables)

12 Months Ended

Dec. 31, 2021

This note provides a breakdown of borrowings in place as at December 31, 2021 and 2020.

*	The Euribor rate (6M) is floored at 0%. This floor is closely related to the contract of the loan and is therefore not presented separately in the consolidated statement of financial position.

**	The margin of 5% will increase by 0.25% per year, for the first time in June 2022.

***	Of the total shareholder loans, one shareholder loan has a maturity date of November 30, 2035. The carrying amount at December 31, 2021 was €8,129 thousand (2020: €7,853 thousand).

The carrying amount of assets pledged as security for the senior debt are as follows:


(in €‘000)	December 31, 2021		December 31, 2020
Current assets
Floating charge
Cash and cash equivalents		6,206		6,363
Trade receivables		38,767		22,287
Other receivables		5,752		827
Total current assets pledged as security		50,725		29,477

The movements in liabilities from financing activities in 2021 and 2020 have been as follows:


(in €‘000)	Senior debt			Shareholder loans		Lease liabilities			Total
As at January 1, 2020		29,965			84,502		14,579			129,046
Proceeds from borrowings		38,339			—		—			38,339
Payment of principal portion of lease liabilities		—			—		(1,658	)		(1,658	)
New leases		—			—		1,571			1,571
Termination of leases		—			—		(589	)		(589	)
Other changes		(725	)		7,529		—			6,804
As at December 31, 2020		67,579			92,031		13,903			173,513

As at January 1, 2021		67,579			92,031		13,903			173,513
Proceeds from borrowings		44,315			—		—			44,315
Payment of principal portion of lease liabilities		—			—		(3,215	)		(3,215	)
New leases		—			—		20,800			20,800
Termination of leases		—			—		(670	)		(670	)
Other changes		1,041			8,162		799			10,002
As at December 31, 2021		112,935			100,193		31,617			244,745