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

Breakdown of expenses by nature (Tables)

v3.24.1.1.u2
Breakdown of expenses by nature (Tables)
 12 Months Ended
Dec. 31, 2023
Analysis of income and expense [abstract]  
Summary Of Depreciation, Amortization And Impairments
(in €‘000) 2023 2022 2021
Included in cost of sales:
Depreciation of property, plant and equipment 20,090  16,542  5,417 
Impairments of property, plant and equipment 510  701  354 
Reversal of impairments of property, plant and equipment (635) (679) (381)
Amortization of intangible assets 2,517  2,883  2,623 
Depreciation of right-of-use assets 2,474  886  141 
Included in selling and distribution expenses:
Depreciation of right-of-use assets 114  148  92 
Amortization of customer relationships 395  231  — 
Included in general and administrative expenses:
Depreciation of property, plant and equipment 257  185  206 
Depreciation of right-of-use assets 5,949  5,676  3,175 
Amortization of intangible assets 723  577  97 
Total 32,394  27,150  11,724 
Summary Of Employee Benefits
(in €‘000) 2023 2022 2021
Included in selling and distribution expenses:
Wages and salaries 991  1,195  1,527 
Social security costs 150  127  178 
Pension costs 90  139  144 
Termination benefits —  194  11 
Other employee costs 5  (5) 34 
Contingent workers —  —  4 
Subtotal 1,236  1,650  1,898 
Included in general and administrative expenses:
Wages and salaries 17,157  14,968  9,951 
Social security costs 2,674  1,980  1,262 
Pension costs 1,664  1,553  1,025 
Termination benefits 265  222  42 
Share-based payment expenses 14,512  41,230  89,636 
Other employee costs 472  283  219 
Contingent workers 6,052  4,853  3,358 
Capitalized hours —  —  (468)
Subtotal 42,796  65,089  105,025 
Total 44,032  66,739  106,923 
Summary Of Financial Position And The Movements In The Jubilee Provision
The next table provides a summary of the changes in the defined benefit obligations in France.
(in €‘000) 2023 2022
Defined benefit pension provision - Opening 449  — 
Current service cost 69  30 
Interest cost 20  6 
Total amount recognized in the consolidated statement of profit or loss 89  36 
Remeasurement:
(Gain)/loss from change in financial assumptions 7  (19)
(Gain)/loss from change in demographic assumptions 8  — 
   Experience (gain)/loss (7) 46 
Total amount recognized in the consolidated statement of other comprehensive income 8  27 
Acquisition —  386 
Benefit payments from plans (9) — 
Defined benefit provision - Closing 537  449 
The amounts recorded in the consolidated statement of financial position and the movements in the jubilee provision over all reporting periods presented, are as follows:
(in €‘000) 2023 2022
Jubilee provision – Opening 26  73 
Current service cost 5  11 
Interest cost 1  — 
Remeasurements 3  (58)
Total amount recognized in the consolidated statement of profit or loss 9  (47)
Benefit payments —  — 
Jubilee provision – Closing 35  26 
Summary Of Sensitivity Analysis
The principal actuarial assumptions at the reporting dates are:
(in %) 2023 2022
Discount rate
3.1% - 3.2%
2.5% - 3.7%
Wage inflation 3.0  % 2.5  %
Turnover
5.3% - 20.1%
5.6% - 16.8%
The calculation of the defined benefit obligation is sensitive to, amongst others, the discount rate, rate of inflation and changes in life expectancy. In 2023, the sensitivity analysis was as follows:
(In %) -0.5% +0.5%
Discount rate 5.5  % (5.0) %
Salary increases (5.0) % 5.4  %
Turnover rates 1.1  % (1.1) %