12. Intangible fixed assets
The 'Other' line item relates to transfers from Property, plant, and equipment.
13. Investments in joint ventures and associates
Set out below is the joint venture of the group as at 31 December 2021 which, in the opinion of management, is material to the group.
This increase in inventories is a result of higher raw material prices, higher safety stocks, and longer lead times in the supply chain.
Trade receivables are not interest-bearing and generally have an average term of credit of 30-90 days.
18. Disposal group held for sale
No impairment loss was recognized upon reclassification as held for sale as the fair value less costs to sell is higher than the carrying amount.
As at 31 December 2021, the authorized share capital totaled € 45.5 million, consisting of 182 million ordinary shares with a nominal value of € 0.25 each.