Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Financial risk management (Tables)

v3.23.3
Financial risk management (Tables)
 9 Months Ended
Sep. 30, 2023
Disclosure of nature and extent of risks arising from financial instruments [abstract]  
Summary of Nature and Extent of Risks Arising From Financial Instruments
This note explains the Group’s exposure to financial risks and how these risks could affect the Group’s future financial performance.
Risk Exposure arising from Measurement Management
Market risk – interest rate risk Long-term borrowings at variable rates Sensitivity analysis Economic hedge with an interest rate caps
Market risk – price risk Investments in equity securities Sensitivity analysis Monitoring quarterly valuation updates and forecasts of future cash flows
Liquidity risk Borrowings and other liabilities Cash flow forecasts Availability of borrowing facilities.
Summary of Sensitivity Analysis of Fair Value Measurement to Changes in Unobservable Inputs, Liabilities
The impact on loss for the three and nine months ended September 30, 2023 and 2022 as a result of a change in interest rates is as follows:

(in €‘000) Impact on pre-tax loss
For the three months ended September 30, For the nine months ended September 30,
2023 2022 2023 2022
Interest rates – increase by 10 basis points*
 5  31  463  258 
Interest rates – decrease by 10 basis points*
 (4) (38) (439) (253)
Summary of Unobservable Input Parameters Used in The Valuation Model
The table below summarizes the impact of increases/decreases of the price of equity securities on the group’s equity through OCI reserve for the period. The analysis is based on the assumption that the fair value of the equity securities held by the group has increased or decreased by 40%, with all other variables held constant.
(in €‘000) Impact on Group's Equity
For the nine months ended September 30,
Fair Value – increase by 4,000 basis points
 11,785 
Fair Value – decrease by 4,000 basis points
 (11,785)
Summary of Undrawn Borrowing Facilities
The Group had access to the following undrawn borrowing facilities for each reporting period presented:
(in €‘000) September 30, 2023 December 31, 2022
Expiring beyond one year—renewed facility 77,390  120,790