Business Combination (Tables)

6 Months Ended

12 Months Ended

Dec. 31, 2023

Jun. 30, 2023

Purchase consideration
(Amounts in thousands)	EUR		USD
Cash consideration for 51% acquisition		4,000		4,916
Cash consideration for 51% acquisition		4,000		4,916

The fair value of the identifiable assets and liabilities recognized, as a result of the acquisition, are as follows:

(Amounts in thousands)	EUR			USD
Cash and cash equivalents		4,021			4,942
Trade and other receivables		100			123
Inventory		594			730
Property, plant and equipment (Note 13)		167			206
Deferred tax asset (Note 11)		214			263
Trade and other payables		(541	)		(665	)
Related party payable		(1,024	)		(1,259	)
Other non-current liabilities		(181	)		(222	)
Deferred income		(578	)		(711	)
Deferred tax liability (Note 11)		(398	)		(489	)
Remediation provision		(282	)		(336	)
Fair value of identifiable net assets acquired		2,092			2,582
Non -controlling interests (49%)		(1,025	)		(1,260	)
Net assets acquired		1,067			1,322
Cash consideration for 51% acquisition		4,000			4,916
Surplus on acquisition:		2,933			3,594

Allocated of surplus:
Goodwill (Note 14a)		1,340			1,698
Other intangible assets (Note 14b)		1,593			1,896
		2,933			3,594

Acquisition of Non-controlling interest:	EUR			USD
Cash paid		1,800			2,173
Ordinary Shares issued		197			237
Total consideration for non-controlling interest		1,997			2,410

Non-controlling interest acquired:
At acquisition		(1,025	)		(1,259	)
Loss attributable to non-controlling interest		319			387
At date of acquisition of non-controlling interest		(706	)		(873	)

Surplus on acquisition of non-controlling interests		1,291			1,538

Purchase consideration - cash outflow
(Amounts in thousands)	EUR		USD
Outflow of cash to acquire subsidiary, net of cash acquired
Cash consideration - 51%		4,000		4,916
Cash consideration - 49%		1,800		2,173
Less: Balances acquired
Cash		4,021		4,942
Net outflow of cash - investing activities		1,779		2,147

(US dollars in thousands)
Purchase consideration
Cash		-
Fair value of pre-acquisition equity interest		5,393
Total consideration		5,393

Less: Fair value of acquired net assets:
Cash	2
Deposits	991
Capitalized project development expenses (Note 14b)	12,248
		13,241
Gain on bargain purchase - included in gain/(loss) on SES development (Note 5)		7,848

Schedule of business combinations

Purchase consideration
(Amounts in thousands)	EUR		USD
Cash consideration for 51% acquisition		4,000		4,916
Cash consideration for 51% acquisition		4,000		4,916

The fair value of the identifiable assets and liabilities recognized, as a result of the acquisition, are as follows:

(Amounts in thousands)	EUR			USD
Cash and cash equivalents		4,021			4,942
Trade and other receivables		100			123
Inventory		594			730
Property, plant and equipment (Note 13)		167			206
Deferred tax asset (Note 11)		214			263
Trade and other payables		(541	)		(665	)
Related party payable		(1,024	)		(1,259	)
Other non-current liabilities		(181	)		(222	)
Deferred income		(578	)		(711	)
Deferred tax liability (Note 11)		(398	)		(489	)
Remediation provision		(282	)		(336	)
Fair value of identifiable net assets acquired		2,092			2,582
Non -controlling interests (49%)		(1,025	)		(1,260	)
Net assets acquired		1,067			1,322
Cash consideration for 51% acquisition		4,000			4,916
Surplus on acquisition:		2,933			3,594

Allocated of surplus:
Goodwill (Note 14a)		1,340			1,698
Other intangible assets (Note 14b)		1,593			1,896
		2,933			3,594

	EUR			USD
Acquisition of Non-controlling interest:
Cash paid		1,800			2,173
Ordinary Shares issued		197			237
Total consideration for non-controlling interest		1,997			2,410

Non-controlling interest acquired:
At acquisition		(1,025	)		(1,259	)
Loss attributable to non-controlling interest		319			387
At date of acquisition of non-controlling interest		(706	)		(873	)

Surplus on acquisition of non-controlling interests		1,291			1,538

Purchase consideration - cash outflow
(Amounts in thousands)	EUR		USD
Outflow of cash to acquire subsidiary, net of cash acquired
Cash consideration - 51%		4,000		4,916
Cash consideration - 49%		1,800		2,173
Less: Balances acquired
Cash		4,021		4,942
Net outflow of cash - investing activities		1,779		2,147

(US dollars in thousands)
Purchase consideration
Cash		-
Fair value of pre-acquisition equity interest		5,393
Total consideration		5,393

Less: Fair value of acquired net assets:
Cash	2
Deposits	991
Capitalized project development expenses (Note 14b)	12,248
		13,241
Gain on bargain purchase - included in gain/(loss) on SES development (Note 5)		7,848