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Summary of significant accounting policies (Tables)
12 Months Ended
Dec. 31, 2020
Initial application  
Schedule of disaggregated revenue with reportable segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

SYSTEMS

 

SERVICES

 

 

2020

 

2019

 

2018

 

2020

 

2019

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary geographical markets

 

 

 

 

 

 

 

 

 

 

 

 

EMEA

 

5,926

 

4,951

 

5,592

 

5,540

 

6,314

 

9,081

Asia Pacific

 

3,612

 

5,371

 

4,704

 

909

 

931

 

746

Americas

 

3,018

 

3,132

 

1,952

 

2,562

 

3,903

 

3,934

 

 

12,556

 

13,454

 

12,248

 

9,011

 

11,148

 

13,761

 

 

 

 

 

 

 

 

 

 

 

 

 

Timing of revenue recognition

 

 

 

 

 

 

 

 

 

 

 

 

Products transferred at a point in time

 

11,366

 

12,332

 

11,188

 

9,011

 

11,148

 

13,761

Products and services transferred over time

 

1,190

 

1,122

 

1,060

 

--

 

--

 

--

Revenue from contracts with customers

 

12,556

 

13,454

 

12,248

 

9,011

 

11,148

 

13,761

 

Schedule of carrying amount of right-of use assets

 

 

 

 

 

 

 

 

 

Property, plant and equipment

 

Property

    

Production equipment

 

Others

 

Total

 

(€ in thousands)

Balance at January 1, 2020

3,658

 

72

 

254

 

3,984

Depreciation charge of the year

(508)

 

(27)

 

(147)

 

(682)

Additions to the right-of-use assets

11

 

--

 

148

 

159

Derecognition of the right-of-use assets

(68)

 

--

 

--

 

(68)

FX

(201)

 

--

 

(1)

 

(201)

Balance at December 31, 2020

2,892

 

45

 

254

 

3,191

 

Schedule of impact on transition

 

 

 

 

    

Impact on adopting IFRS 16 at January 1, 2019

 

 

(€ in thousands)

Right-of-use assets presented in property plant and equipment

 

3,501

Lease liabilities as presented in financial liabilities

 

3,574

 

Schedule of operating lease commitment to lease liabilities

 

 

 

 

    

January 1, 2019

 

 

(€ in thousands)

Operating lease commitment at December 31, 2018, as disclosed in the Group's consolidated financial statements

 

2,584

Discounted using the incremental borrowing rate at January 1, 2019

 

2,021

Finance lease liability recognized as at December 31, 2018

 

105

Recognition exemption for leases with less than 12 months of lease term at transition

 

(84)

Extension options reasonably certain to be exercised

 

1,532

Lease liabilities recognized at January 1, 2019

 

3,574

 

Schedule of exchange rates

Average exchange rates to Euro

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

Average Rate

 

 

 

USD

 

GBP

 

INR

 

CNY

2020

 

1.1422

 

0.8897

 

84.6392

 

7.8747

2019

 

1.1195

 

0.8778

 

78.8361

 

7.7355

2018

 

1.1810

 

0.8847

 

80.7332

 

7.8081

 

Year end exchange rates to Euro

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

Year End Rate

 

 

 

USD

 

GBP

 

INR

 

CNY

2020

 

1.2271

 

0.8990

 

89.6605

 

8.0225

2019

 

1.1234

 

0.8508

 

80.1870

 

7.8205

 

Useful life of intangible assets

 

 

Software

3-5 years

Licenses

6-8 years

 

Useful life of property, plant and equipment

 

 

 

Leasehold improvements

 

6-9 years

Buildings

 

33 years

Plant and machinery

 

7-8 years

Printers leased to customers under operating lease

 

7-8 years

Other facilities, machinery and factory equipment

 

2-20 years

Office equipment

 

3-12 years

 

Schedule of weighted average number of ordinary shares outstanding

 

 

 

 

 

 

    

2020

    

2019

 

 

(in thousands of shares)

 

 

 

 

 

Weighted-average number of ordinary shares at 31 December

 

4,836

 

4,836

 

Application of IFRS 16  
Initial application  
Schedule of carrying amount of right-of use assets

 

 

 

 

 

 

 

 

 

Property, plant and equipment

 

Property

    

Production equipment

 

Others

 

Total

 

(€ in thousands)

Balance at January 1, 2020

3,658

 

72

 

254

 

3,984

Balance at December 31, 2020

2,892

 

45

 

254

 

3,191