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Property Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment.

Schedule of reconciliation of changes in property, plant and equipment

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​	​	​	​	​	​	​
​		​	​	Other fixtures	Assets under	​
EUR’000	​	Vessels	Dry dock	and fittings	Construction	Total
Cost 2024	​
Beginning of financial year		566,360	9,135	979	571,745	1,148,219
Additions		8,029	4,377	12,680	624,679	649,765
Transfer from assets under construction		468,678	4,000	—	(472,678)	—
Disposals		(5,146)	—	(306)	—	(5,452)
Exchange differences	​	18,743	132	160	12,864	31,899
31 December 2024		1,056,664	17,644	13,513	736,610	1,824,431
Accumulated depreciation and impairment		​	​	​	​	​
Beginning of financial year		58,727	3,548	312	—	62,587
Depreciation charge		50,571	3,125	1,166	—	54,862
Disposals		(5,000)	—	(306)	—	(5,306)
Exchange differences	​	(179)	(132)	333	—	22
31 December 2024		104,119	6,541	1,505	—	112,165
Net book value		952,545	11,103	12,008	736,610	1,712,266

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​	​	​	​	​	​	​
​		​	​	Other fixtures	Assets under
EUR’000	​	Vessels	Dry Dock	and fittings	Construction	Total
Cost 2023	​	​	​	​	​	​
Beginning of financial year		282,282	9,261	536	356,163	648,242
Acquisition of businesses		296,536	171	599	144,219	441,525
Additions	​	227	—	3	73,169	73,399
Disposals		(8,002)	(291)	—	—	(8,293)
Exchange differences	​	(4,683)	(6)	(159)	(1,806)	(6,654)
31 December 2023	​	566,360	9,135	979	571,745	1,148,219
Accumulated depreciation and impairment	​	​	​	​	​	​
Beginning of financial year	​	39,570	2,023	445	—	42,038
Depreciation charge	​	20,847	1,637	19	—	22,503
Disposals		(5,722)	(108)	—	—	(5,830)
Impairment on disposal		5,000	—	—	—	5,000
Exchange differences		(968)	(4)	(152)	—	(1,124)
31 December 2023		58,727	3,548	312	—	62,587
Net book value		507,633	5,587	667	571,745	1,085,632

​

​	​	​	​	​	​	​
​				Other fixtures	Assets under
EUR’000		Vessels	Dry Dock	and fittings	Construction	Total
Cost 2022
Beginning of financial year		258,148	1,983	536	158,734	419,401
Additions	​	15,105	5,281	—	208,455	228,841
Transfer from assets under construction	​	9,029	1,997	—	(11,026)	—
31 December 2022		282,282	9,261	536	356,163	648,242
Accumulated depreciation		​	​	​	​	​
Beginning of financial year		19,629	300	386	—	20,315
Depreciation charge		19,941	1,723	59	—	21,723
31 December 2022		39,570	2,023	445	—	42,038
Net book value		242,712	7,238	91	356,163	606,204

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Schedule of independent market values of each vessel

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Excess value (recoverable amount

EUR millions

Broker valuation

less carrying amount)

CGU

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2024

2023

2022

2024

2023

2022

WTGFIV

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1,103

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574

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380

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227

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58

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160

Number of vessels

4

3

2

4

3

2

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O&MV

89

95

n/a

1

—

n/a

Number of vessels

1

1

—

1

1

—

Schedule of estimated useful life

Useful life

X

- Definition

Description of useful life used for property, plant and equipment. [Refer: Property, plant and equipment]

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- Definition

The disclosure of information for an individual asset, including goodwill, or a cash-generating unit, for which an impairment loss has been recognised or reversed. [Refer: Goodwill; Impairment loss; Reversal of impairment loss; Total for all cash-generating units [member]]

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