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Property, plant and equipment
12 Months Ended
Dec. 31, 2019
Property, plant and equipment  
Property, plant and equipment

12 Property, plant and equipment

Please refer to the following table for the development from January 1, 2018 to December 31, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

    

 

    

Other

    

 

    

 

 

 

 

 

 

 

 

 

equipment,

 

 

 

 

 

 

 

 

 

 

 

 

furniture

 

Assets under

 

 

in EUR k

 

Land

 

Buildings

 

Plant

 

and fixtures

 

construction

 

Total

Acquisition and production cost

 

  

 

  

 

  

 

  

 

  

 

  

As of Jan 1, 2018

 

2,149

 

 —

 

12,869

 

3,501

 

20,678

 

39,197

Additions

 

 —

 

 —

 

3,142

 

1,154

 

4,414

 

8,710

Reclass

 

 —

 

24,891

 

 —

 

201

 

(25,092)

 

 —

As of Dec 31, 2018

 

2,149

 

24,891

 

16,011

 

4,856

 

 —

 

47,907

Reclass to right-of-use assets*

 

 

 

 

 

(6,303)

 

(32)

 

 —

 

(6,335)

Reclass to intangible assets (note 11)

 

 —

 

 —

 

 —

 

(386)

 

 

 

(386)

Additions

 

 —

 

 —

 

22

 

274

 

 —

 

296

Disposal  (note 13.1)

 

(2,149)

 

(21,637)

 

 —

 

 —

 

 —

 

(23,786)

As of Dec 31, 2019

 

 —

 

3,254

 

9,730

 

4,712

 

 —

 

17,696

Accumulated depreciation and impairment

 

  

 

  

 

  

 

  

 

  

 

  

As of Jan 1, 2018

 

 —

 

 —

 

4,089

 

1,271

 

 —

 

5,360

Depreciation

 

 —

 

612

 

2,089

 

731

 

 —

 

3,432

As of Dec 31, 2018

 

 —

 

612

 

6,178

 

2,002

 

 —

 

8,792

Reclass to right-of-use assets*

 

 

 

 

 

(963)

 

(8)

 

 

 

(971)

Depreciation

 

 —

 

737

 

940

 

779

 

 —

 

2,456

Disposal (note 13.1)

 

 —

 

(957)

 

 —

 

 —

 

 —

 

(957)

As of Dec 31, 2019

 

 —

 

392

 

6,155

 

2,773

 

 —

 

9,320

Carrying amounts

 

  

 

  

 

  

 

  

 

  

 

  

As of Dec 31, 2018

 

2,149

 

24,279

 

9,833

 

2,854

 

 —

 

39,115

As of Dec 31, 2019

 

 —

 

2,862

 

3,575

 

1,939

 

 —

 

8,376

 

*     The reclass to right-of-use assets of EUR 5,364k represented the carrying amount of assets previously classified as finance leases under IAS 17 and recognized as right-of-use assets upon the adoption of IFRS 16. As disclosed in note 3(a), the Group has applied a modified retrospective method of adoption and did not change the initial carrying amounts of recognized assets and liabilities at the date of initial application for leases previously classified as finance leases.

Assets under construction

The Group progressed and completed the construction of a new laboratory and headquarters in Rostock in 2018. Additions to assets under construction during the year ended December 31, 2018 were EUR 4,414k and assets under construction totaling EUR 25,092k were transferred to Plant and Buildings upon completion.

Security

The Syndicated Loan Facility of the Group was secured by a land charge in the amount of EUR 19,910k and by the assignment of certain laboratory equipment as of December 31, 2018 (see note 19), which were replaced by security over short-term deposits of EUR 1,500k in December 2019.  (see note 16).