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PROPERTY, PLANT AND EQUIPMENT (Tables) | 12 Months Ended
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Dec. 31, 2022
Disclosure of detailed information about property, plant and equipment [abstract] |
Disclosure of detailed information about property, plant and equipment |
| Land |  | Industrial buildings |  | Plant, machinery and equipment |  | Other assets |  | Advances and assets under construction |  | Total
| (€ thousand)
Gross carrying amount at January 1, 2021 | 29,391 |  |  | 430,455 |  |  | 2,544,837 |  |  | 213,544 |  |  | 329,743 |  |  | 3,547,970 |
Additions | 16,936 |  |  | 17,852 |  |  | 122,893 |  |  | 20,930 |  |  | 186,846 |  |  | 365,457 |
Divestitures | (13) |  |  | (3,412) |  |  | (46,067) |  |  | (5,586) |  |  | (135) |  |  | (55,213) |
Reclassifications | 3,722 |  |  | 40,046 |  |  | 144,684 |  |  | 2,573 |  |  | (197,599) |  |  | (6,574) |
Translation differences and other movements | 20 |  |  | 1,736 |  |  | 376 |  |  | 1,633 |  |  | 45 |  |  | 3,810 |
Balance at December 31, 2021 | 50,056 |  |  | 486,677 |  |  | 2,766,723 |  |  | 233,094 |  |  | 318,900 |  |  | 3,855,450 |
Additions | 8,287 |  |  | 10,155 |  |  | 154,008 |  |  | 26,479 |  |  | 167,645 |  |  | 366,574 |
Divestitures | — |  |  | (3,805) |  |  | (15,388) |  |  | (6,018) |  |  | (154) |  |  | (25,365) |
Reclassifications | 73,631 |  |  | 4,691 |  |  | 165,210 |  |  | 4,322 |  |  | (247,854) |  |  | — |
Translation differences and other movements | 16 |  |  | 334 |  |  | (19) |  |  | 796 |  |  | 77 |  |  | 1,204 |
Balance at December 31, 2022 | 131,990 |  |  | 498,052 |  |  | 3,070,534 |  |  | 258,673 |  |  | 238,614 |  |  | 4,197,863 |
Accumulated amortization at January 1, 2021 | — |  |  | 184,170 |  |  | 1,995,479 |  |  | 141,691 |  |  | — |  |  | 2,321,340 |
Depreciation | — |  |  | 17,875 |  |  | 191,247 |  |  | 20,975 |  |  | — |  |  | 230,097 |
Divestitures | — |  |  | (608) |  |  | (43,991) |  |  | (4,892) |  |  | — |  |  | (49,491) |
Reclassification | — |  |  | (284) |  |  | (1,123) |  |  | 284 |  |  | — |  |  | (1,123) |
Translation differences and other movements | — |  |  | 692 |  |  | 12 |  |  | 758 |  |  | — |  |  | 1,462 |
Balance at December 31, 2021 | — |  |  | 201,845 |  |  | 2,141,624 |  |  | 158,816 |  |  | — |  |  | 2,502,285 |
Depreciation | — |  |  | 19,405 |  |  | 216,661 |  |  | 23,783 |  |  | — |  |  | 259,849 |
Divestitures | — |  |  | (1,983) |  |  | (14,921) |  |  | (5,921) |  |  | — |  |  | (22,825) |
Translation differences and other movements | — |  |  | 109 |  |  | (39) |  |  | 659 |  |  | — |  |  | 729 |
Balance at December 31, 2022 | — |  |  | 219,376 |  |  | 2,343,325 |  |  | 177,337 |  |  | — |  |  | 2,740,038 |
Carrying amount at: |  |  |  |  |  |  |  |  |  |  |
January 1, 2021 | 29,391 |  |  | 246,285 |  |  | 549,358 |  |  | 71,853 |  |  | 329,743 |  |  | 1,226,630 |
of which right-of use assets under IFRS 16 | — |  |  | 25,574 |  |  | 5,041 |  |  | 29,127 |  |  | — |  |  | 59,742 |
December 31, 2021 | 50,056 |  |  | 284,832 |  |  | 625,099 |  |  | 74,278 |  |  | 318,900 |  |  | 1,353,165 |
of which right-of use assets under IFRS 16 | — |  |  | 21,613 |  |  | 3,484 |  |  | 28,661 |  |  | — |  |  | 53,758 |
December 31, 2022 | 131,990 |  |  | 278,676 |  |  | 727,209 |  |  | 81,336 |  |  | 238,614 |  |  | 1,457,825 |
of which right-of use assets under IFRS 16 | — |  |  | 18,972 |  |  | 2,756 |  |  | 32,420 |  |  | — |  |  | 54,148 |
Disclosure of quantitative information about right-of-use assets | The following table summarizes the changes in the carrying amount of right-of-use assets for the year ended December 31, 2022 and 2021:
| Industrial buildings |  | Plant, machinery and equipment |  | Other assets |  | Total
| (€ thousand)
Balance at January 1, 2021 | 25,574 |  |  | 5,041 |  |  | 29,127 |  |  | 59,742 |
Additions | 3,987 |  |  | 1,409 |  |  | 7,745 |  |  | 13,141 |
Disposals | (2,780) |  |  | — |  |  | (473) |  |  | (3,253) |
Depreciation | (5,753) |  |  | (1,348) |  |  | (8,247) |  |  | (15,348) |
Translation differences and other movements | 585 |  |  | (1,618) |  |  | 509 |  |  | (524) |
Balance at January 1, 2022 | 21,613 |  |  | 3,484 |  |  | 28,661 |  |  | 53,758 |
Additions | 4,854 |  |  | 510 |  |  | 13,485 |  |  | 18,849 |
Disposals | (1,495) |  |  | (6) |  |  | (93) |  |  | (1,594) |
Depreciation | (5,933) |  |  | (1,223) |  |  | (9,677) |  |  | (16,833) |
Translation differences and other movements | (67) |  |  | (9) |  |  | 44 |  |  | (32) |
Balance at December 31, 2022 | 18,972 |  |  | 2,756 |  |  | 32,420 |  |  | 54,148 |
Disclosure of amounts recognized in Income Statement in relation to leases | Amounts recognized in the income statement in relation to leases for the year ended December 31, 2022 and 2021 were as follows:
| For the year ended December 31,
| 2022 |  | 2021
| (€ thousand)
Depreciation of right-of-use assets | 16,833 |  |  | 15,348 |
Interest expense on lease liabilities | 1,219 |  |  | 868 |
Variable lease payments not included in the measurement of lease liabilities | 822 |  |  | 1,622 |
Expenses relating to short-term leases and leases of low-value assets | 3,227 |  |  | 3,671 |
Total expenses recognized | 22,101 |  |  | 21,509 |

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