Loans and Borrowings (Tables)

12 Months Ended

Dec. 31, 2019

Other loans and borrowings consisted of the following:

Other loans and borrowings - Total	As of
(in € thousands)	2017/12/31		2018/12/31		2019/12/31
Refundable and conditional advances		3,407		3,229		3,229
Bank loans		3,488		3,964		2,645
Development loans with participation feature				—		—
Renewable credit facility		—		—		—
Obligations under leases		1,890		1,900		12,281
Accrued interests		3		3		1
Other financial loans and borrowings		24		7		7
Bank overdrafts		—		—		—
TOTAL		8,812		9,104		18,165

Other loans and borrowings - Current	As of
(in € thousands)	2017/12/31		2018/12/31		2019/12/31
Refundable and conditional advances		178		—		—
Bank loans		1,209		1,319		1,105
Development loans with participation feature		—		—		—
Renewable credit facility		—		—		—
Obligations under leases		420		520		2,112
Accrued interests		3		3		1
Other financial loans and borrowings		24		7		7
Bank overdrafts		—		—		—
TOTAL		1,834		1,848		3,226

Other loans and borrowings - Non current	As of
(in € thousands)	2017/12/31		2018/12/31		2019/12/31
Refundable and conditional advances		3,229		3,229		3,229
Bank loans		2,279		2,645		1,540
Development loans with participation feature		—		—		—
Renewable credit facility		—		—		—
Obligations under leases		1,469		1,381		10,169
Accrued interests		—		—		—
Other financial loans and borrowings		—		—		—
Bank overdrafts		—		—		—
TOTAL		6,978		7,255		14,939

Summary of Refundable and Conditional Advances

The following table summarizes advances outstanding at December 31, 2019, 2018 and 2017

Total

Net book

Refundable and conditional advances - general overview

Grant

amount

Effects of

value

(in € thousands)

date

allocated

Receipts

Repayments

discounting

12/31/2019

BPI FRANCE - IT-DIAB

12/23/2008

3,229

—

3,229

Development of a global strategy for the prevention and management of type 2 diabetes

TOTAL

3,229

Net book

Total

value as of

Refundable and conditional advances—general overview

amount

Effects of

December 31,

(in thousands of euros)

Grant date

allocated

Receipts

Repayments

discounting

2018

BPI FRANCE—IT-DIAB

12/23/2008

3,229

—

3,229

Development of a global strategy for the prevention and management of type 2 diabetes

TOTAL

3,229

12.	LOANS AND BORROWINGS (continued)

												Net book
Refundable and conditional		Total										value as of
advances—general overview		amount							Effects of			December 31,
(in € thousands)	Grant date	allocated		Receipts		Repayments			discounting			2017
BPI FRANCE—IT-DIAB	12/23/2008		3,229		3,229	—			—				3,229
Development of a global strategy for the prevention and management of type 2 diabetes
BPI FRANCE—ADVANCE N°1—OLNORME II—1	11/24/2010	250		200			(134	)		(2	)	64
BPI FRANCE—ADVANCE N°2—OLNORME II—2	11/24/2010	250		200			(134	)		(2	)	64
BPI FRANCE—ADVANCE N°3—OLNORME II—3	11/24/2010	200		160			(108	)		(2	)	51
Research of pharmaceutical entities in plant extracts for the treatment of inflammatory diseases
TOTAL													3,407

Summary of Bank Loans

Bank loans are primarily used to finance research and laboratory equipment. Bank loans consisted of the following as of December 31, 2017:

							Available			Outstanding
							as of			as of
Bank loans	Loan	Facility		Interest			December 31,			December 31,
(in € thousands)	date	size		rate			2017		Installments	2017
CIC 5	July 2017		1,000		0.69	%		500	60 monthly		451
CDN 4	June 2017	600			0.36	%	—		48 monthly	525
BNP 4	April 2017	800			0.87	%	800		60 monthly	—
CIC 4	December 2016	264.6			0.69	%	—		60 monthly	217
BNP 3	October 2016		1,050		0.80	%	—		20 quarterly	945
NEUFLIZE 2	June 2016	500			1.10	%	—		12 quarterly	252
BNP 2	June 2016	500			0.80	%	—		20 quarterly	377
CDN 3	April 2016	500			0.72	%	—		60 monthly	335
CIC 3	March 2015	500			0.85	%	—		16 quarterly	158
BNP	December 2014	500			2.00	%	—		20 quarterly	205
Other										23
TOTAL											3,488

Bank loans consisted of the following as of December 31, 2018:

							Available			Outstanding
Bank loans	Loan	Facility		Interest			As of			As of
(in € thousands)	date	size		rate			2018/12/31		Installments	2018/12/31
CDN 5	November 2018		500		0.46	%		—	48 monthly		490
CIC 5	July 2017	1000			0.69	%	0		60 monthly		753
CDN 4	June 2017	600			0.36	%	0		48 monthly		376
BNP 4	April 2017	800			0.87	%	0		60 monthly		695
CIC 4	December 2016		265		0.69	%		—	60 monthly		164
BNP 3	October 2016	1050			0.80	%	0		20 quarterly		735
NEUFLIZE 2	June 2016	500			1.10	%	0		12 quarterly		84
BNP 2	June 2016	500			0.80	%	0		20 quarterly		277
CDN 3	April 2016		500		0.72	%		—	60 monthly		236
CIC 3	March 2015	500			0.85	%	0		16 quarterly		32
BNP	December 2014	500			2.00	%	0		20 quarterly		103
Other											19
TOTAL											3,964

12.	LOANS AND BORROWINGS (continued)

Bank loans consisted of the following as of December 31, 2019:

							Available			Outstanding
Bank loans	Loan	Facility		Interest			As of			As of
(in € thousands)	date	size		rate			2019/12/31		Installments	2019/12/31
CDN 5	November 2018		500		0.46	%		—	48 monthly		365
CIC 5	July 2017	1000			0.69	%	0		60 monthly		554
CDN 4	June 2017	600			0.36	%	0		48 monthly		226
BNP 4	April 2017	800			0.87	%	0		60 monthly		537
CIC 4	December 2016		265		0.69	%		—	60 monthly		111
BNP 3	October 2016	1050			0.80	%	0		20 quarterly		525
NEUFLIZE 2	June 2016	500			1.10	%	0		12 quarterly		0
BNP 2	June 2016	500			0.80	%	0		20 quarterly		177
CDN 3	April 2016		500		0.72	%		—	60 monthly		135
CIC 3	March 2015	500			0.85	%	0		16 quarterly		0
BNP	December 2014	500			2.00	%	0		20 quarterly		0
Other											14
TOTAL											2,645

Summary of Maturities of Financial Liabilities

Maturity of financial liabilities	As of		Less than		Less than		Less than		Less than		Less than		More than
(in € thousands)	2019/12/31		1 year		2 years		3 years		4 years		5 years		5 years
BPI FRANCE - IT-DIAB		3,229		—		—		—		—		—		3,229
TOTAL - Refundable and conditional advances		3,229		—		—		—		—		—		3,229
Convertible loans		165,454		1,312		—		164,142		—		—		—
Bank loans		2,645		1,105		942		544		54		—		—
Development loans with participation feature		—		—		—		—		—		—		—
Renewable credit facility		—		—		—		—		—		—		—
Leases		12,281		2,112		2,118		1,575		1,151		1,103		4,223
Accrued interests		1		1		—		—		—		—		—
Other financial loans and borrowings		7		7		—		—		—		—		—
Bank overdrafts		—		—		—		—		—		—		—
TOTAL - Other loans and borrowings		180,390		4,539		3,060		166,260		1,205		1,103		4,223
TOTAL		183,619		4,539		3,060		166,260		1,205		1,103		7,452

The convertible bond results in the payment of yearly interest of €6,300 and a reimbursement at par in October 2022. The nominal amount of the convertible loan of €180 million is due in less than 3 years.