| Schedule of Non-Interest Bearing Trade Receivables |
Trade receivables and contract assets are non-interest bearing. Trade receivables generally have 30-90 day payment terms. | | | | | | | | | | | | | | | | | | | | | | | | At December 31, | | | | 2023 | | 2024 | | 2025 | | | | (in thousands) | | Trade receivables | | $ | 10,803 | | | $ | 7,211 | | | $ | 3,662 | | | Contract assets | | 497 | | | 122 | | | 98 | | | Provision for credit notes to be issued | | (164) | | | (101) | | | (334) | | | Provisions on trade receivables | | (2,524) | | | (2,301) | | | (50) | | | Net trade receivables | | $ | 8,612 | | | $ | 4,931 | | | $ | 3,376 | |
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| Schedule of Movements in the Provision for Impairment of Receivables |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Post-
employment
benefits | | Other provisions | | Total | | Current | | Non current | | | | (in thousands) | | At January 1, 2023 | | $ | 705 | | | $ | 1,568 | | | $ | 2,273 | | | $ | 77 | | | $ | 2,196 | | | Arising (released) during the year | | 107 | | | 257 | | | 364 | | | — | | | — | | | Released (used) during the year | | (48) | | | (76) | | | (124) | | | — | | | — | | | Released (unused) during the year | | — | | | (291) | | | (291) | | | — | | | — | | | At December 31, 2023 | | 764 | | | 1,458 | | | 2,222 | | | — | | | 2,222 | | | Arising (released) during the year | | 132 | | | 927 | | | 1,059 | | | — | | | — | | | Released (used) during the year | | — | | | — | | | — | | | — | | | — | | | Released (unused) during the year | | (268) | | | (850) | | | (1,118) | | | — | | | — | | | At December 31, 2024 | | 628 | | | 1,535 | | | 2,163 | | | 763 | | | 1,400 | | | Arising (released) during the year | | 477 | | | 1,434 | | | 1,911 | | | — | | | — | | | ACP retirement provision at acquisition date | | 593 | | | — | | | 593 | | | — | | | — | | | Released (used) during the year | | — | | | (333) | | | (333) | | | — | | | — | | | Released (unused) during the year | | (417) | | | (351) | | | (768) | | | — | | | — | | | At December 31, 2025 | | $ | 1,281 | | | $ | 2,285 | | | $ | 3,566 | | | $ | 1,454 | | | $ | 2,112 | |
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The movements in the provision for impairment of receivables were as follows: | | | | | | | | | | | | | | | | | | | | | | | | December 31, | | | | 2023 | | 2024 | | 2025 | | | | (in thousands) | | At January 1, | | $ | 2,524 | | | $ | 2,524 | | | $ | 2,301 | | | Charge for the year | | — | | | — | | | — | | | Utilized amounts | | — | | | (223) | | | (2,251) | | | Unutilized amounts | | — | | | — | | | — | | | At year end | | $ | 2,524 | | | $ | 2,301 | | | $ | 50 | |
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| Disclosure of Financial Assets That Are Either Past Due Or Impaired Explanatory |
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As at year end, the aging analysis of trade receivables and contract assets that were not impaired is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | Neither past
due nor
Impaired | | Past due but not impaired | | | | | | | | <30 days | | 30-60 days | | 60-120 days | | >120 days | | | | (in thousands) | | At December 31, 2023 | | $ | 8,612 | | | $ | 6,532 | | | $ | 1,919 | | | $ | 101 | | | $ | 4 | | | $ | 56 | | | At December 31, 2024 | | $ | 4,931 | | | $ | 4,392 | | | $ | 501 | | | $ | — | | | $ | — | | | $ | 38 | | | At December 31, 2025 | | $ | 3,376 | | | $ | 2,715 | | | $ | 634 | | | $ | — | | | $ | — | | | $ | 27 | |
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