Disclosure Of Material Accounting Policy Information [Text Block]
| Concept |
2024-01-01 to 2024-12-31 |
|---|---|
| Disclosure of material accounting policy information [text block] |
3
|
| Description of accounting policy for borrowing costs [text block] |
Borrowing costs
|
| Description of accounting policy for borrowings [text block] |
Classification and measurement of financial liabilities
|
| Description of accounting policy for business combinations [text block] |
Business combinations
|
| Description of accounting policy for deferred income tax [text block] |
Deferred tax
|
| Description of accounting policy for depreciation expense [text block] |
Amortisation
|
| Description of accounting policy for derivative financial instruments [text block] |
Warrants
|
| Description of accounting policy for determining components of cash and cash equivalents [text block] |
Cash and cash equivalents
|
| Description of accounting policy for earnings per share [text block] |
Earnings per share
|
| Description of accounting policy for expenses [text block] |
Employee benefit obligations
|
| Description of accounting policy for fair value measurement [text block] |
Fair value measurement
|
| Description of accounting policy for finance costs [text block] |
The Group’s financial liabilities include debt to related parties and third parties, SARs granted to investors as part of acquisitions up to 2021 as well as accounts payable to suppliers and trade creditors, lease liabilities and contingent consideration and earn-out in business acquisitions. Except for liabilities to SAR holders, financial liabilities are initially measured at fair value and are adjusted for transaction costs where applicable. Subsequently, financial liabilities are measured at amortised cost using the effective interest rate method. All interest-related charges are recognized within finance costs in the statement of comprehensive income. In the statement of financial position the liabilities related to SARs holders were classified as ‘at fair value through profit and loss’ and subsequently measured at fair value.
|
| Description of accounting policy for financial assets [text block] |
Recognition and derecognition
|
| Description of accounting policy for financial instruments [text block] |
Financial instruments
|
| Description of accounting policy for financial instruments at fair value through profit or loss [text block] |
Financial assets through Profit and Loss
|
| Description of accounting policy for foreign currency translation [text block] |
Foreign currency
|
| Description of accounting policy for functional currency [text block] |
Functional and presentation currency
|
| Description of accounting policy for impairment of financial assets [text block] |
Recoverability of financial assets
|
| Description of accounting policy for impairment of non-financial assets [text block] |
Impairment of assets
|
| Description of accounting policy for income tax [text block] |
Income tax
|
| Description of accounting policy for issued capital [text block] |
Share capital
|
| Description of accounting policy for leases [text block] |
Leases
|
| Description of accounting policy for intangible assets and goodwill [text block] |
Goodwill
|
| Description of accounting policy for intangible assets other than goodwill [text block] |
Intangible assets
|
| Description of accounting policy for investment in associates [text block] |
Investments in associates
|
| Description of accounting policy for offsetting of financial instruments [text block] |
Offsetting
|
| Description of accounting policy for property, plant and equipment [text block] |
Property, plant and equipment
|
| Description of accounting policy for provisions [text block] |
Provisions
|
| Description of accounting policy for recognition of revenue [text block] |
Revenue recognition
|
| Description of accounting policy for research and development expense [text block] |
|
| Description of accounting policy for segment reporting [text block] |
Products and services from which reportable segments derive their revenues
|
| Description of accounting policy for share-based payment transactions [text block] |
Share-Based payments
|
| Description of accounting policy for subsidiaries [text block] |
The consolidated financial statements incorporate the financial statements of the Company and entities controlled by the Company (its subsidiaries) made up to 31 December each year. Control is achieved when the Company:
|
| Description of accounting policy for termination benefits [text block] |
Termination benefits
|
| Description of accounting policy for trade and other payables [text block] |
Other
|
| Description of accounting policy for trade and other receivables [text block] |
Classification and initial measurement of financial assets
|
| Description of accounting policy for transactions with non-controlling interests [text block] |
Transactions with non-controlling shareholders
|
| Description of accounting policy for transactions with related parties [text block] |
The related parties of the Company are entities and individuals capable of exercising control, joint control or significant influence over the Company and companies belonging to Azerion Group N.V. In addition, members of the Management Board, executives with strategic responsibilities and their close family members are also considered related parties. The Company carries out transactions with its related parties on commercial terms that are normal in the respective markets, considering the characteristics of the goods or services involved.
|
| Description of accounting policy for treasury shares [text block] |
Treasury shares
|