XML 28 R19.htm IDEA: XBRL DOCUMENT
v3.23.4

Lease Liabilities and Commitment | 6 Months Ended
--- | ---
Jun. 30, 2023
Lease Liabilities and Commitment [Abstract] |
Lease liabilities and commitment | Note 12 — Lease liabilities and commitment The Group entered into lease agreements for office space, garage, office equipment and vehicles with expiration dates ranging from 2022 to 2024. The remaining lease terms as at June 30, 2023 were no greater than 2 years. The Company’s lease liabilities payables and commitments for minimum lease payments under these leases as at June 30, 2023 and December 31, 2022 are as follows:
|  | June 30, 2023 |  |  | December 31, 2022 |
|  | EUR |  |  | EUR |
Lease liabilities payable: |  |  |  |  |  |
Less than 1-year |  |  | 4,697 |  |  |  | 80,637 |
More than 1-year |  |  | - |  |  |  | 226,773 |
|  |  | 4,697 |  |  |  | 307,410 |
A maturity analysis of lease liabilities based on undiscounted gross cash flow is reported in the table below:
|  | June 30, 2023 |  |  | December 31, 2022 |
|  | EUR |  |  | EUR |
Less than 1-year |  |  | 4,697 |  |  |  | 82,666 |
More than 1-year |  |  | - |  |  |  | 229,562 |
|  |  | 4,697 |  |  |  | 312,228 |
At June 30, 2023, the total cash outflow for leases amount to EUR23,686 (At June 30, 2022: EUR41,696).

X
- Definition The explanation of the difference between: (a) operating lease commitments disclosed applying IAS 17 at the end of the annual reporting period immediately preceding the date of initial application of IFRS 16, discounted using the incremental borrowing rate at the date of initial application; and (b) lease liabilities recognised in the statement of financial position at the date of initial application of IFRS 16. The incremental borrowing rate is the rate of interest that a lessee would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of a similar value to the right-of-use asset in a similar economic environment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2023-01-01 -Paragraph C12 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2023-en-r&anchor=para_C12_b&doctype=Appendix&subtype=C -URIDate 2023-03-23 + Details
Name: | ifrs-full_ExplanationOfDifferenceBetweenOperatingLeaseCommitmentsDisclosedApplyingIAS17AndLeaseLiabilitiesRecognisedAtDateOfInitialApplicationOfIFRS16Explanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_LeaseLiabilitiesAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration