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

Fair value measurement (Tables)

v3.22.1
Fair value measurement (Tables)
12 Months Ended
Dec. 31, 2021
Text Block [Abstract]  
Summary of Financial Instruments Measured At Fair Value (Level 3)
The changes in level 3 items for the year ended December 31, 2021 have been as follows:
 
(in €‘000)
  
Purchase
options
 
Carrying amount at January 1, 2021
     —    
Movements during the year ended December 31, 2021
        
Option premium paid for purchase options
     1,500  
Fair value gain recognized as a share premium contribution
     26,000  
Fair value gains/(losses) recognized in other income/(expenses)
     2,900  
Carrying amount at December 31, 2021
  
 
30,400
 
Summary of Valuation Inputs To The Fair Value of Purchase Options
The following table summarizes the quantitative information about the significant unobservable input parameters used in the level 3 fair value measurement of the purchase options using a Black-Scholes pricing model.
 
    
2021
 
Parameters – Purchase options to acquire an unlisted software company
 
Spot price per share (in €)
     392  
Volatility
     15
Parameters – Purchase option to acquire
Mega-E
 
Spot price per share (in €)
     397,000  
Volatility
     92
Summary of Unobservable Input Parameters Used in The Valuation Model
The following table summarized the results of changes to significant unobservable input parameters used in the valuation model on the fair value of the purchase options:
 
(in €‘000)
  
2021
Changes to parameters – Purchase options to acquire an unlisted software company
5% increase/decrease in volatility
   5% increase in volatility would result in an increase in fair value by €400 thousand. 5% decrease in volatility would result in a decrease in fair value by €330 thousand.
20% increase/decrease in the spot price
   20% increase in the spot price would result in an increase in fair value by €12,040 thousand. 20% decrease in the spot price would result in a decrease in fair value by €3,200 thousand.
Changes to parameters – Purchase option to acquire
Mega-E
30% increase/decrease in volatility
   30% increase in volatility would result in an increase in fair value by €36 thousand. 30% decrease in volatility would result in a decrease in fair value by €315 thousand.
20% increase/decrease in the spot price
   20% increase in the spot price would result in an increase in fair value by €7,110 thousand. 20% decrease in the spot price would result in a decrease in fair value by €6,993 thousand.