Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2023

Cash and cash equivalents [abstract]

15. CASH AND CASH EQUIVALENTS

Detail of cash and equivalents at December 31, 2023 and 2022 are as follows:


(In thousand Euros)	December 31, 2023		December 31, 2022
Cash		17		3
Banks and other credit institutions		28,786		18,873
Banks and other credit institutions, foreign currency		35,441		63,623
Other cash equivalents		36,914		809
Total		101,158		83,308

We maintain cash and cash equivalents with major Financial institutions. The Other cash equivalents corresponds to bank deposits which due date is lower than three months. Our cash and cash equivalents of bank deposits held with banks that, at the time, exceed federally or locally insured limits.

The current accounts earn interest at applicable market rates and this interest is not significant.

Details of banks and other credit institutions with balances held in foreign currency are as follows:


(In thousand Euros)	December 31, 2023		December 31, 2022
USD		30,686		63,109
GBP		3,356		237
NOK		29		44
SEK		1,024		125
DKK		346		108
Total		35,441		63,623

Significant non-cash transactions from investing and financing activities are as follows:


(In thousand Euros)	December 31, 2023			December 31, 2022
Fair value changes in derivative warrant liabilities (Note 13)		(6,476	)		(80,748	)
Addition of lease liabilities (Note 9)		1,386			8,517
Issuance of shares for the acquisition of a significant non-cash investing activity (ARES)		—			6,300
Issuance of shares for the acquisition of a significant non-cash investing activity (Electromaps)		—			1,500
Issuance of shares for the acquisition of a significant non-cash investing activity (Coil)		2,317			—