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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases |
Summary of detailed information about lease amounts recognized In statements of cash flows | ​
​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
in €‘000 |  | 2023 |  | 2022
Right-of-use assets – Property and equipment | ​ |  | ​ |
Buildings |  | 51,394 |  | 20,409
Other facilities and equipment |  | 318 |  | 259
Lease liabilities – Loans and borrowings |  |  |  |
Current |  | 9,537 |  | 7,302
Non-current |  | 40,414 |  | 14,712
Summary of detailed information about reconciliation of right of use assets | ​
​ | ​ | ​ | ​ | ​
​ |  | Office buildings
in €‘000 |  | 2023 |  | 2022
Balance as of January 1, |  | 20,409 |  | 22,905
Depreciation charge for the year |  | (7,181) |  | (5,913)
Additions |  | 39,727 |  | 3,113
Derecognition due to lease termination |  | (1,311) |  | (19)
Foreign currency effects |  | (250) |  | 323
Balance as of December 31, |  | 51,394 |  | 20,409
Summary of detailed information about reconciliation of lease liabilities | ​
​ | ​ | ​ | ​ | ​
in €‘000 |  | 2023 |  | 2022
Balance as of January 1, |  | 22,014 |  | 23,898
Additions to lease liabilities |  | 38,209 |  | 2,609
Accretion of interest |  | 1,149 |  | 661
Interest paid |  | (1,149) |  | (661)
Payments |  | (7,983) |  | (5,958)
Additions from business combinations |  | — |  | 867
Rent concessions |  | (30) |  | (38)
Derecognition due to lease termination |  | (1,323) |  | (16)
Foreign currency effects |  | (936) |  | 652
Balance as of December 31, |  | 49,951 |  | 22,014
Current |  | 9,537 |  | 7,302
Non-current |  | 40,414 |  | 14,712
Summary of detailed information about lease amounts recognized in profit or loss | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Years Ended December 31,
in €‘000 | ​ | 2023 |  | 2022 |  | 2021
Interest on lease liabilities |  | 1,149 |  | 661 |  | 324
Depreciation |  | 7,181 |  | 5,913 |  | 5,569
Income from sub-leasing right-of-use assets |  | (14) |  | — |  | (33)
Expenses relating to short-term leases1 |  | 938 |  | 682 |  | 547
Expenses relating to low-value assets1 |  | 3 |  | — |  | 8
Rent concessions |  | (30) |  | (38) |  | (59)
Total amount recognized in profit from continuing operations |  | 9,227 |  | 7,218 |  | 6,356
1 | The Company has elected not to recognize a lease liability for short term leases (leases with an expected term of 12 months or less) or for leases of low value assets. Payments made under such leases are expensed on a straight-line basis.
Summary of detailed information about lease amounts recognized in statements of cash flows | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Years Ended December 31,
in €‘000 | ​ | 2023 |  | 2022 |  | 2021
Operating activities - cash outflow for leases |  |  |  |  |  |
-Short-term and low-value lease payments |  | 938 |  | 682 |  | 555
-Interest paid on lease liabilities |  | 1,149 |  | 661 |  | 324
Financing activities – Principal payment on lease liabilities |  | 7,983 |  | 5,958 |  | 7,118
Total cash outflow for leases |  | 10,070 |  | 7,301 |  | 7,997

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