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Annual Report 2023

10. Property, plant, and equipment

In 2023, no impairments were recorded.

11. Leases

The maturity of the lease liabilities is as follows.

12. Intangible fixed assets

Goodwill is allocated to Corbion's cash-generating units identified as the operating segments.

13. Investments in joint ventures and associates

Set out below are the associates and joint ventures of the group as at 31 December 2023 which, in the opinion of management, are material to the group.

14. Other non-current financial assets

Long-term tax receivables consist of value added tax receivables. Recoverability and timing thereof are subject to uncertainty and dependent on external factors.

15. Inventories

In 2023, inventories of € 748.7 million (2022: € 739.2 million) were recognized as an expense during the year and included in 'cost of sales'.

16. Receivables

Trade receivables are not interest-bearing and generally have an average term of credit of 30-90 days.

17. Cash and cash equivalents

There are no significant cash and cash equivalent balances held by the entity that are not available for use by the group.

18. Equity

As at 31 December 2023, the authorized share capital totaled € 45.5 million, consisting of 182 million ordinary shares with a nominal value of € 0.25 each.

19. Provisions

Restructuring provisions are recognized only when Corbion has a constructive obligation, which is when: (i) there is a detailed formal plan that identifies the business or part of the business concerned, the location and number of employees
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