Segment information

We have two operating segments: R&D and our fee-for-service business Fidelta, located in Croatia.

Segment information for the six months ended June 30, 2018

(Euro, in thousands)




		R&D		Fee-for-services		Inter-segment elimination		Group
External revenue	€	81,942	€	5,641			€	87,583
Internal revenue				4,126	€	(4,126)
Other income		14,287		2				14,289
Revenues & other income		96,229		9,770		(4,126)		101,872

Segment result		(57,446)		2,200				(55,246)
Unallocated expenses (1)								(10,540)
Operating loss								(65,786)
Financial (expenses)/income (2)								6,867
Result before tax								(58,919)
Income taxes (2)								(137)
Net loss							€	(59,056)

(1) Unallocated expenses consist of expenses for warrant plans under IFRS 2 Share based payments.

(2) Financial results and taxes information are not being provided to management in our management reporting as segment results and therefore, their aggregate amount is disclosed at the level of the group in our segment reporting.

Segment information for the six months ended June 30, 2017

(Euro, in thousands)




		R&D		Fee-for-services		Inter-segment elimination		Group
External revenue	€	57,048	€	3,877			€	60,925
Internal revenue				2,475	€	(2,475)
Other income		12,094		12				12,106
Revenues & other income		69,142		6,364		(2,475)		73,031

Segment result		(25,424)		(510)				(25,935)
Unallocated expenses (1)								(6,968)
Operating loss								(32,903)
Financial (expenses)/income (2)								(16,254)
Result before tax								(49,157)
Income taxes (2)								(92)
Net loss							€	(49,249)

(1) Unallocated expenses consist of expenses for warrant plans under IFRS 2 Share based payments.

The basis of accounting for any transactions between operating segments is consistent with transactions with third parties.