XML 316 R40.htm IDEA: XBRL DOCUMENT

Expenses by Nature (Tables)

12 Months Ended

Dec. 31, 2023

Expenses by Nature

Schedule of expenses by nature


EUR’000		Note	2023	2022	2021
Cost of sales
Right of use asset depreciation		19	30	—	—
Insurance			1,573	1,933	1,772
Vessel depreciation		18	22,484	21,664	16,077
Impairment of property, plant and equipment		18	5,000	—	—
Crewing costs paid to a related party and an external party		27	—	61	11,517
Seafarer payroll		7	15,921	13,089	1,159
Fuel and oil			711	1,113	892
Maintenance			5,121	4,039	2,305
Messing costs			1,448	1,428	1,224
Seafarer travel			2,835	2,589	1,876
Specific charter costs			4,052	2,623	1,239
Utilities			389	689	541
Other operating expenses			294	309	260
Tonnage tax			—	—	17
Total cost of sales			59,858	49,537	38,879
Administrative expenses
Depreciation and amortisation		17, 18, 19	534	1,020	414
Employee compensation		7	18,889	9,905	7,603
Repair and maintenance expenses			1,123	796	161
Legal and professional fees			2,122	1,047	564
Transaction costs		6	7,707	—	—
Rental expenses			751	582	584
Travel expense			985	612	305
Management fees to related party		27	—	—	115
Marketing and entertainment expenses			602	788	159
Other expenses			1,745	946	1,020
Total administrative expenses			34,458	15,696	10,925

Schedule of components of auditor remuneration


EUR’000		2023	2022	2021
Statutory audit		474	125	92
Other assurance services		1,608	—	8
Tax services		2	105	50
Other services		606	51	14
Total		2,690	281	164