Notes And Other Explanatory Information [Abstract]

Adler Group - Filing #4368516

Concept	2022-01-01 to 2022-12-31
Notes and other explanatory information [abstract]
Disclosure of accounting judgements and estimates [text block]	G. Use of estimates, judgements and fair value measurement
Disclosure of allowance for credit losses [text block]	The credit risk resulting from debt securities is not material to the Group. Credit losses are recorded at the amount of the 12-month expected credit loss.
Disclosure of associates [text block]	Note 8 – Investments accounted under the equity method
Disclosure of auditors' remuneration [text block]	Note 34 – Auditors’ fees
Disclosure of authorisation of financial statements [text block]	The consolidated financial statements were authorised for issue by the Board of Directors on 26 September 2024.
Disclosure of basis of consolidation [text block]	Note 3 – Basis of consolidation
Disclosure of basis of preparation of financial statements [text block]	Note 2 – Basis of preparation
Disclosure of business combinations [text block]	B. Additions to the scope of consolidated entities
Disclosure of changes in accounting policies [text block]	H. Initial application of new standards, amendments to standards and interpretations
Disclosure of contingent liabilities [text block]	Contingent losses from development contracts relate to project developments with potential adverse margin expectations. The measurement is based on management’s expectations on sales, revenues for those projects and the completion stage for individual projects. During the reporting period, a total amount of EUR 4,120 thousand has been released and presented in other income due to the termination of the sales projects. An amount of EUR 32,253 thousand has been added based on updated management’s expectations. The balance of the provision for contingent losses from development contracts is short-term and hence does not include any interest component.
Disclosure of cost of sales [text block]	Note 26 – Cost of operations
Disclosure of debt instruments [text block]	Note 19 – Corporate bonds and convertible bonds
Disclosure of deferred income [text block]	The net contract liabilities related to development projects developed as follows:
Disclosure of deferred taxes [text block]	B. Income taxes
Disclosure of deposits from customers [text block]	Note 11 – Restricted bank deposits
Disclosure of derivative financial instruments [text block]	A convertible bond with a total nominal value of EUR 200 million was issued by Consus on 29 November 2017 (Consus Convertible Bond 2017/2022). The convertible bond has a maturity as of 29 November 2022, and was issued at a price of 100% of the principal amount in a denomination of EUR 100,000 each. The convertible bonds bear an interest at a rate of 4.0% per annum, payable semi-annually in arrears. In accordance with the convertible bond conditions, bondholders have the right to offer to the Company to participate in a capital increase by way of contribution in kind (Sacheinlage) by offering bonds held by it as contribution in kind. It is in the discretion of the Company whether it accepts such offer. If the Company accepts such offer, the new shares would be derived from the Company’s conditional capital. The exercise of the included termination right leads to a 100% repayment plus accrued interest. The conversion right and the redemption rights represent an embedded derivative, which has been measured at fair value and presented in derivatives liabilities. The bond was repaid in November 2022 without any conversion.
Disclosure of dividends [text block]	The holders of ordinary shares are entitled to receive dividends and are entitled to one vote per share at the General Meetings of the Company. All shares rank equally with regard to the Company’s residual assets. The par value per share is EUR 0.00124.
Disclosure of earnings per share [text block]	Note 36 – Earnings per share
Disclosure of employee benefits [text block]	In EUR thousand
Disclosure of entity's operating segments [text block]	Note 35 – Segments reporting
Disclosure of events after reporting period [text block]	Adler Group has taken considerable steps to ensure its ongoing viability through a restructuring plan agreed in April 2023. Following the implementation of the restructuring plan, Adler Group has taken various actions aimed at stabilising the business and managing debt maturities effectively. These measures have been instrumental in reinforcing the Group’s capacity to continue as a going concern.
Disclosure of fair value measurement [text block]	According to the Group’s fair value valuation policies, investment properties generally undergo a detailed valuation as at 30 June and 31 December of each year unless the Group identified material changes in the value of these properties at an earlier date.
Disclosure of financial instruments [text block]	Note 7 – Investments in financial instruments
Disclosure of financial risk management [text block]	A. Credit risk
Disclosure of going concern [text block]	Nevertheless, despite proactive measures, the going concern assessment is inherently subject to certain risks and uncertainties. The consolidated financial statements of Adler Group S.A., as per International Financial Reporting Standards, presuppose the entity’s ability to continue as a going concern. This is predicated on the successful negotiation with creditors to sustain the business, realise asset sales, and settle liabilities in the ordinary course of business for the foreseeable future, which is assessed to be at least, but not limited to, two years from the reporting date.
Disclosure of information about employees [text block]	As at 31 December 2022, the Group had 787 full-time employees (2021: 1,329). On an annual average 934 people (2021: 1,499) were employed.
Disclosure of information about key management personnel [text block]	B. Transactions with key management personnel
Disclosure of intangible assets and goodwill [text block]	Note 12 – Goodwill
Disclosure of interest income [text block]	Note 30 – Net finance costs
Disclosure of interest income (expense) [text block]	Interest expenses capitalised in the investment properties under development amount to EUR 62,127 thousand (2021: EUR 24,481 thousand).
Disclosure of inventories [text block]	D. Inventories including acquired land and buildings
Disclosure of investment property [text block]	Note 6 – Investment properties
Disclosure of issued capital [text block]	1. Share capital and share premium
Disclosure of joint ventures [text block]	Investments in joint ventures
Disclosure of leases [text block]	Note 31 – Leases
Disclosure of liquidity risk [text block]	C. Liquidity risk
Disclosure of market risk [text block]	B. Market risk
Disclosure of non-controlling interests [text block]	C. Changes in the consolidation scope without loss of control
Disclosure of non-current assets held for sale and discontinued operations [text block]	The commercial portfolio in the amount of EUR 49,100 thousand which stems from Brack Capital Properties B.V. (BCP), has been reclassified as held for sale in 2021 (see Note 17).
Disclosure of non-current assets or disposal groups classified as held for sale [text block]	In EUR thousand
Disclosure of objectives, policies and processes for managing capital [text block]	E. Capital management
Disclosure of other current assets [text block]	1) The carrying amounts of certain financial assets and liabilities, including cash and cash equivalents, trade and other receivables, restricted and other bank deposits and trade and other financial payables are considered to be the same or proximate to their fair value due to their short-term nature.
Disclosure of other non-current assets [text block]	Note 10 – Other financial assets
Disclosure of other operating income (expense) [text block]	Note 28 – Other expenses
Disclosure of other operating income [text block]	Other expenses principally relate to the impairment of goodwill in an amount of EUR 91,400 thousand (2021: EUR 1,083,300 thousand, please refer to Note 12). Further other expenses in an amount of EUR 44,953 thousand (2021: EUR 5,100 thousand) relate to one-off legal and consulting fees. The remainder mainly relates to penalties from contractual obligations (EUR 27,286 thousand, 2021: EUR 1,600 thousand), expenses for selling investment properties held for sale (EUR 5,416 thousand, 2021: EUR 356 thousand) and expenses for real estate transfer tax (EUR 22,663 thousand, 2021: EUR 0 thousand). The expenses for the selling of investments properties held for sale include the result from the portfolio sale to KKR & Co. Inc. (also see Note 17).
Disclosure of other provisions, contingent liabilities and contingent assets [text block]	Provisions
Disclosure of profit (loss) from operating activities [text block]	Note 25 – Revenue
Disclosure of property, plant and equipment [text block]	Note 9 – Property, plant and equipment
Disclosure of provisions [text block]	Note 22 – Provisions and other payables
Disclosure of related party [text block]	Note 33 – Related parties
Disclosure of reserves within equity [text block]	2. Hedging reserve
Disclosure of restricted cash and cash equivalents [text block]	E. Restricted bank deposits
Disclosure of revenue [text block]	Reversals of transactions result from withdrawals from forward sales, either by Adler or by the respective client. In such cases, revenue recognition cannot be applied any longer and all contract balances recognised for the transaction are reversed against profit or loss.
Disclosure of revenue from contracts with customers [text block]	Note 13 – Contract assets from development
Disclosure of share capital, reserves and other equity interest [text block]	Note 18 – Equity
Disclosure of share-based payment arrangements [text block]	Note 27 – General and administrative expenses
Disclosure of subsidiaries [text block]	Note 5 – Acquisitions and other changes in the consolidation scope
Disclosure of tax receivables and payables [text block]	Provisions and other payables are composed of the following:
Disclosure of trade and other payables [text block]	D. Fair value
Disclosure of trade and other receivables [text block]	Note 15 – Trade receivables