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Financial risk management (Tables)
12 Months Ended
Dec. 31, 2017
Financial risk management  
Disclosure of categories of material financial assets and liabilities

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

    

2017

    

2016

    

2015

 

 

(Euro, in thousands)

Financial assets

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

€

1,151,211

 

€

973,241

 

€

340,314

Restricted cash (current and non-current)

 

 

1,158

 

 

7,668

 

 

7,903

Trade receivables

 

 

22,133

 

 

6,629

 

 

1,494

R&D incentives receivables (current and non-current)

 

 

75,783

 

 

64,342

 

 

58,545

Current financial asset from share subscription agreement

 

 

 —

 

 

 —

 

 

8,371

Available-for-sale financial assets

 

 

1,754

 

 

2,351

 

 

 —

Other amounts receivable

 

 

5,289

 

 

3,078

 

 

2,426

Total financial assets

 

€

1,257,329

 

€

1,057,309

 

€

419,052

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

Trade & other payables

 

€

47,122

 

€

31,269

 

€

29,482

Other non-current liabilities

 

 

1,597

 

 

2,469

 

 

2,291

Leasing debts

 

 

 9

 

 

63

 

 

115

Tax payable

 

 

865

 

 

1,022

 

 

2,583

Total financial liabilities

 

€

49,592

 

€

34,823

 

€

34,471

 

Disclosure of aging balance of receivables that are due, but that are still considered collectable

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

    

2017

    

2016

    

2015

 

 

(Euro, in thousands)

60 - 90 days

 

 

 

 

€

170

 

€

86

90 - 120 days

 

€

 1

 

 

 

 

 

 

more than 120 days

 

 

 

 

€

54

 

€

17

 

Foreign exchange risk  
Financial risk management  
Disclosure of sensitivity of exchange rate risk

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

    

2017

    

2016

    

2015

Net book value

 

(Euro, in thousands)

Increase in Euros - U.S. Dollars

 

€

(21,083)

 

€

(16,863)

 

€

506

Increase in Euros - GB Pounds

 

 

122

 

 

130

 

 

164

Increase in Euros - CH Francs

 

 

203

 

 

165

 

 

169

Increase in Euros - HR Kunas

 

 

(185)

 

 

(95)

 

 

(50)

Increase in U.S. Dollars - GB Pounds

 

€

(831)

 

€

(913)

 

€

(907)