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

Financial instruments

v3.24.1.1.u2
Financial instruments
 12 Months Ended
Dec. 31, 2023
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, 2022
Non-current other financial assets 19 24,105  9,198  31,389  64,693  64,693 
Current other financial assets 19 601  —  —  601  601 
Trade and other receivables 20 44,776  —  —  44,776  44,776 
Cash and cash equivalents 22 83,022  —  —  83,022  83,022 
Total 152,504  9,198  31,389  193,092  193,092 
As at December 31, 2023
Non-current other financial assets 19 32,383  3,700  16,557  52,641  52,641 
Current other financial assets 19 1,776  —  —  1,776  1,776 
Trade and other receivables 20 49,877  —  —  49,877  49,877 
Cash and cash equivalents 22 44,585  —  —  44,585  44,585 
Total 128,621  3,700  16,557  148,879  148,879 
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, 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 27 —  1,296  1,296  1,296 
Total 371,620  1,296  372,916  325,200 
As at December 31, 2023
Borrowings 25 350,722  —  350,722  374,525 
Non-current lease liabilities 17 71,563  —  71,563  N/A
Current lease liabilities 17 11,927  —  11,927  N/A
Trade and other payables 28 74,213  —  74,213  74,213 
Warrant liabilities 27 —  —  —  — 
Derivative liabilities 29 —  7,442  7,442  7,442 
Total 508,425  —  508,425  448,738 
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.