Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 471

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1A
Chunk 471
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,573)
  
    Income/(Loss) before provision for income taxes 
    $2,678  
     (16,441)
  
    Income taxes 
     -  
     - 
  
    Net income/(loss) from discontinued operations 
    $2,678  
    $(16,441)

F-40

Immediately before the classification
of the disposal groups as discontinued operations, the recoverable amount was estimated for certain items of property, plant, and equipment
and impairment loss was identified. Following the classification, a write-down of ($11.8) million was recognized on December 31, 2023
to reduce the carrying amount of the assets in the disposal group to their fair value less costs to sell. This was recognized in discontinued
operations in the statement of profit or loss. Fair value measurement disclosures are provided in Footnote 5. 

    As of February 21,  
    As of December 31 
  
    Netherlands 
    2024  
    2023 

    (in thousands) 
  
    Assets: 

    Cash & cash equivalents 
    $75  
    $155 
  
    Accounts receivable, net 
     -  
     99 
  
    Other current assets 
     178  
     58 
  
    Property, plant, and equipment, net 
     7,669  
     7,845 
  
    Operating leases, non-current – assets 
     1,441  
     1,469 
  
    Other non-current assets 
     1,192  
     1,214 
  
    Total discontinued operations assets 
    $10,555  
    $10,840 

    Liabilities: 

    Accounts payable 
    $945  
    $925 
  
    Operating leases, current – liabilities 
     55  
     55 
  
    Other current liabilities 
     95  
     430 
  
    Operating leases, non-current – liabilities 
     1,273  
     1,301 
  
    Total discontinued operations liabilities 
    $2,368  
    $2,711 

    Net assets/(liabilities) of discontinued operations 
    $8,187  
    $8,129 

    Year Ended December 31, 
  
    Netherlands 
    2024  
    2023 

    (in thousands)