Trade and Other Payables

12 Months Ended

Dec. 31, 2020

Disclosure Of Trade And Other Payables [Abstract]

14.	TRADE AND OTHER PAYABLES

Trade and other payables consisted of the following:

Trade and other payables - Total	As of
(in € thousands)	2018/12/31			2019/12/31		2020/12/31
Trade payables (*)		32,649			32,753		20,337
Social security costs payables		2,967			3,598		4,477
VAT payables		1			2		314
Taxes payables		286			487		319
Other payables		71			527		569
TOTAL		35,974			37,368		26,015

Trade and other payables - Current	As of
(in € thousands)	2018/12/31			2019/12/31		2020/12/31
Trade payables		32,649			32,753		20,337
Social security costs payables		2,967			3,598		4,477
VAT payables		1			2		314
Taxes payables		286			487		319
Other payables		71			76		118
TOTAL		35,974			36,917		25,564

Trade and other payables - Non current	As of
(in € thousands)	2018/12/31			2019/12/31		2020/12/31
Trade payables		—			—		—
Social security costs payables		—			—		—
VAT payables		—			—		—
Taxes payables		—			—		—
Other payables		(0	)		450		451
TOTAL		(0	)		450		451

(*) Of which : Accrued expenses		19,395			18,682		13,809

A very significant part of the accrued expenses reflects the estimation of the expected invoicing by the clinical trial sites via the Clinical Research Organization in charge of the RESOLVE-IT study ($9.6 million and €2.3 million, i.e. a total of €10.1 million based on the exchange rate at December 31, 2020). The timeframe in which those invoices will be received by the Company is unknown and may be spread out over a long period after the services have been performed.

In 2019, the CRO ( Clinical Research Organization) commissioned as part of the RESOLVE IT trial updated its investigators costs estimation model by referring certain assumptions on the basis of historical data. These changes constitute a change in accounting estimate within the meaning of IAS 8 and have led in 2019 to a reduction in the amount recognized for invoices not received related to this specific costs in an amount of €6,994 compared to the previous model.