24. Depreciation and amortisation of intangible and tangible fixed assets
|
31/12/2025 |
31/12/2024 |
|
|---|---|---|
|
€ 000 |
€ 000 |
|
|
Amortisation of intangible assets |
1,678 |
91 |
|
Depreciation on property, plant and equipment |
58,882 |
52,330 |
|
Impairment losses on property, plant and equipment |
9,563 |
- |
|
Depreciation on right of use assets |
64,393 |
57,304 |
|
Total |
134,517 |
109,725 |
In 2025, Royal A-ware recognised net impairment losses of €9,563,000 for machinery and equipment. These were related to the ceasing of operations at its Olympia facility. This site forms part of a larger cash-generating unit and does not represent a major line of business or geographical area. The closure reflects structural changes in demand and Royal A-ware's objective to consolidate manufacturing. The closure is expected to be completed in 2026. This closure does not meet the criteria for classification as a discontinued operation under IFRS 5 and is presented within continuing operations.