Skip to article navigation Skip to content

A page refresh occures when a subject is selected.

Skip article navigation.

8.1 Other non-current assets

The movement of the financial assets is as follows:

In € thousands

2020/2021

 

2019/2020

Cost price

4,392

 

5,337

Accumulated impairments

(2,769)

 

(1,211)

Book value as of June 1

1,623

 

4,126

    

Movements:

   

Interest accrual

0

 

84

Impairment

(592)

 

(1,502)

Exchange rate differences

(52)

 

11

Repayments

(601)

 

(1,096)

Book value as of May 31

378

 

1,623

    

Cost price

3,571

 

4,392

Accumulated impairments

(3,193)

 

(2,769)

Book value as of May 31

378

 

1,623

Other non-current assets mainly relates to accrued income relating to incentives granted in the connection with entering into sub-rental agreements for office buildings €0 (2019/2020: €594). The incentives are related to the subrental agreements and are therefore amortised over the term of the sub-rental agreement of which €594 is recognised in the result of 2020/2021 (2019/2020 €866).

On April 2, 2021 a restructuring agreement was signed between IHC1 Interposed Holding Company 1 S.A.S., its shareholders (also a lenders). Interposed Holding Company 1 S.A.S. has agreed to restructure the amounts owed by Deloitte CIS Ltd  to IHC1 and the lenders have agreed to restructure their loans owed by IHC1 to the Lenders. IHC1 shareholders will write-off 100% of the unpaid the nominal and the interest of their loans (and future dividends). IHC Interposed Holding Company 1 S.A.S. is considered a related party.