Oxurion NV — Annual Report 2019

Apr 3, 2020

40					1	EUR
NAT.	Date of the deposition		No. 0881.620.924	pp.	E.	D.			C 1
	ANNUAL ACCOUNTS AND OTHER DOCUMENTS TO BE DEPOSITED IN ACCORDANCE WITH THE COMPANIES CODE
	IDENTIFICATION (on the date of deposition)
NAME:	Oxurion
Legal form:	NV
Address:	Gaston Geenslaan							Nr.: 1
Postal Code:	3001		City: Heverlee
Country: Belgium Register of Legal Persons (RLP) - Office of the Business Court at: Leuven 1 Internet address :
							Company number:		0881.620.924
DATE		14/01/2020	of the deposition of the partnership deed OR of the most recent document mentioning the date of publication of the partnership deed and the act changing the articles of association.
	ANNUAL ACCOUNTS		IN EURO (2 decimals)	2
			ANNUAL ACCOUNTS approved by by the General Meeting of					05/05/2020
			concerning the financial year covering the period from		01/01/2019		till	31/12/2019
			Previous period from		01/01/2018		till	31/12/2018
3 The amounts of the previous financial year are are not identical to those which have been previously published. /
Total number of pages deposited: 49 Number of the pages of the standard form not deposited for not being of service: 6.1, 6.2.5, 6.3.1, 6.3.4, 6.3.6, 6.4.2, 6.5.2, 6.8, 6.17, 7, 8, 9, 11, 12, 13, 14, 15, 16
		Signature					Signature

(name and position) Patrik De Haes CEO

Emmanuèle Attout Director Signature (name and position)

Optional statement. 1

If necessary, adjust the unit and currency in which the amounts are expressed 2

³ Delete where appropriate.

Nr.	0881.620.924		C 1
-----	--------------	--	-----	--	--

This annual account concerns a company that is subject to the provisions of the new Belgian Companies and 4

Associations Code dated 23 March 2019: Yes / No

Companies required to draw up and submit their annual accounts in accordance with the provisions of the Belgian Companies and Associations Code also use this model. The following applies for these annual accounts:

• 'Belgian Companies Code' should be understood to mean 'Belgian Companies and Associations Code'.
• In the following sections, the articles of the Belgian Companies Code refer to the following articles of the Belgian Companies and Associations Code.

Section	Belgian Companies Code	Belgian Companies and Associations Code
C 6.7.2	art. 631, §2 and 632, §2	art. 7:225
C 6.16	art. 134	art. 3:64, §2 and §4
C 6.18.1	art. 16	art. 1:26
	art. 110	art. 3:23
	art. 113, §2 and §3	art. 3:26, §2 and §3
C 6.18.2	art. 134, §4 and §5	art. 3:65, §4 and §5
	art. 134	art. 3:64, §2 and §4
C 11	art. 100, §1, 6°/3	art. 3:12, §1, 9°
C 12	art. 261, 1st and 3rd paragraph	art. 5:77, §1
C 13	art. 646, §2, 4th paragraph	art. 7:231, 3rd paragraph
C 14	art. 938 and art. 1001	art. 15:29 and art. 16:27
C 15	art. 100, §1, 6°/1	art. 3:12, §1, 7°

• Code 11 'Share premium account' should be understood to mean 'Contributions (- Beyond capital)'.
• Code 6503 'Capitalised interests' should be understood to mean 6502 'Capitalised interests' by reason of the new minimum layout of the general chart of accounts.

The company is a company without share capital: Yes / No 5

If so, the amounts included under code 11 'Share premium account' must be broken down according to 'Contributions – Available' and 'Contributions – Not available'.

Contributions Period

Available Not available

Delete where appropriate. 4

Delete where appropriate. 5

LIST OF DIRECTORS, MANAGERS AND AUDITORS AND DECLARATION ABOUT SUPPLEMENTARY AUDITING OR ADJUSTMENT MISSION

LIST OF DIRECTORS, MANAGERS AND AUDITORS

COMPLETE LIST WITH name, first name, profession, residence-address (address, number, postal code, municipality) and position with the enterprise

ViBio BV 0888.215.637

Fazantendreef 17, 3140 Keerbergen, Belgium

Title : Director

Mandate : 02/05/2018- 03/05/2022

Represented by:

• De Haes Patrik Franciscus Albert 1.
• Fazantendreef 17 , 3140 Keerbergen, Belgium

Clay Thomas

Title : Director Mandate : 03/05/2016- 05/05/2020 Hawthorn Avenue 512, 80304 Boulder, United States of America

Guyer David

Title : Director Mandate : 02/05/2018- 03/05/2022 Central Park West 279, box 16B, 10024 New York, United States of America

Howes Paul Gregory

Title : Director Mandate : 03/05/2016- 26/10/2018 Megan Drive (State College) 1385, PA16803 Pennsylvania, United States of America

Investea BV 0554.946.205

Title : Director Mandate : 07/05/2019- 02/05/2023 Jan Olieslagerslaan 22, box 16, 1150 Brussel 15, Belgium

Represented by: Attout Emmanuèle Rose Gilles M. Jan Olieslagerslaan 22 , box 16, 1150 Brussel 15, Belgium 1.

Vlerick Philippe

Title : Director Mandate : 07/05/2019- 02/05/2023 Ronsevaalstraat 2, 8510 Bellegem, Belgium

BDO Bedrijfsrevisoren CALL 0431.088.289

Da Vincilaan 9, box box 6, 1930 Zaventem, Belgium

Title : Auditor, Membership number : B00023

Mandate : 07/05/2019- 03/05/2022

Represented by:

• Claes Gert 1.
• Da Vincilaan 9 , box box 6, 1930 Zaventem, Belgium
• , Membership number : A01775

LIST OF DIRECTORS, MANAGERS AND AUDITORS (Continued from previous page)

Graves Adrienne

110 N. Corcoran St Unit 2401, NC27701 Durham, United States of America

Title : Director

Mandate : 26/10/2018- 05/05/2020

DECLARATION ABOUT SUPPLEMENTARY AUDITING OR ADJUSTMENT MISSION

The managing board declares that the assignment neither regarding auditing nor adjusting has been given to a person who was not authorised by law pursuant to art. 34 and 37 of the Law of 22nd April 1999 concerning the auditing and tax professions.

Yes / No Have the annual accounts been audited or adjusted by an external accountant or auditor who is not an statutory auditor ?

If YES, mention here after: name, first names, profession, residence-address of each external accountant or auditor, the number of membership with the professional Institute ad hoc and the nature of this engagement:

• A. Bookkeeping of the undertaking **,
• B. Preparing the annual accounts **,
• C. Auditing the annual accounts and/or
• D. Adjusting the annual accounts.

If the assignment mentioned either under A or B is performed by authorised accountants or authorised accountants-tax consultants, information will be given on: name, first names, profession and residence-address of each authorised accountant or accountant-tax consultant, his number of membership with the Professional Institute of Accountants and Tax consultants and the nature of this engagement.

Name, first name, profession, residence-address	Number of membership	Nature of the engagement (A, B, C and/or D)

^* Delete where appropriate.

^** Optional disclosure.

ANNUAL ACCOUNTS

BALANCE SHEET AFTER APPROPRIATION

	Notes	Codes	Period	Previous period
ASSETS
FORMATION EXPENSES	6.1	20
FIXED ASSETS		21/28	10.061.972,96	27.692.828,04
Intangible fixed assets	6.2	21	2.384.107,78	20.852.063,23
Tangible fixed assets	6.3	22/27	325.989,35	576.945,10
Land and buildings		22
Plant, machinery and equipment		23	164.797,40	249.311,05
Furniture and vehicles		24	89.899,90	145.246,27
Leasing and other rights		25
Other tangible fixed assets		26	71.292,05	182.387,78
Tangible assets under construction and advance payments made		27
	6.4 /
Financial fixed assets	6.5.1	28	7.351.875,83	6.263.819,71
Affiliated enterprises	6.15	280/1	7.256.167,80	6.147.011,68
Participating interests		280	5.145.876,91	5.145.876,91
Amounts receivable		281	2.110.290,89	1.001.134,77
Other enterprises linked by participating interests	6.15	282/3
Participating interests		282
Amounts receivable		283
Other financial assets		284/8	95.708,03	116.808,03
Shares		284
Amounts receivable and cash guarantees		285/8	95.708,03	116.808,03

	Notes	Codes	Period	Previous period
CURRENT ASSETS		29/58	59.270.246,24	92.338.810,44
Amounts receivable after more than one year		29	3.123.176,97	2.404.403,62
Trade debtors		290
Other amounts receivable		291	3.123.176,97	2.404.403,62
Stocks and contracts in progress		3	96.870,48	1.099.272,39
Stocks		30/36	96.870,48	1.099.272,39
Raw materials and consumables		30/31		684.992,48
Work in progress		32
Finished goods		33
Goods purchased for resale		34	96.870,48	414.279,91
Immovable property intended for sale		35
Advance payments		36
Contracts in progress		37
Amounts receivable within one year		40/41	3.205.322,20	3.289.017,31
Trade debtors		40	2.571.340,35	1.740.045,34
Other amounts receivable		41	633.981,85	1.548.971,97
Current investments	6.5.1 /	50/53	10.432.474,82	20.464.980,59
Own shares	6.6	50
Other investments and deposits		51/53	10.432.474,82	20.464.980,59
Cash at bank and in hand		54/58	42.226.394,24	64.451.299,03
Deferred charges and accrued income	6.6	490/1	186.007,53	629.837,50
TOTAL ASSETS		20/58	69.332.219,20	120.031.638,48

	Notes	Codes	Period	Previous period
EQUITY AND LIABILITIES
EQUITY		10/15	60.858.557,62	111.056.932,00
Capital	6.7.1	10	111.056.932,00	147.976.946,87
Issued capital		100	111.056.932,00	147.976.946,87
4 Uncalled capital		101
Share premium account		11		12.949,53
Revaluation surpluses		12
Reserves		13
Legal reserve		130
Reserves not available		131
In respect of own shares held		1310
Others		1311
Untaxed reserves		132
Available reserves		133
Accumulated profits (losses) (+)/(-)		14	-50.198.374,38	-36.932.964,40
Investment grants		15
Advance to associates on the sharing 5 out of the assets		19
PROVISIONS AND DEFERRED TAXES		16
Provisions for liabilities and charges		160/5
Pensions and similar obligations		160
Taxation		161
Major repairs and maintenance		162
Environmental liabilities		163
Other risks and costs	6.8	164/5
Deferred taxes		168

⁴ Amount to be deducted from the issued capital.

⁵ Amount to be deducted from the other components of equity.

	Notes	Codes	Period	Previous period
AMOUNTS PAYABLE		17/49	8.473.661,58	8.974.706,48
Amounts payable after more than one year	6.9	17
Financial debts		170/4
Subordinated loans		170
Unsubordinated debentures		171
Leasing and other similar obligations		172
Credit institutions		173
Other loans		174
Trade debts		175
Suppliers		1750
Bills of exchange payable		1751
Advances received on contracts in progress		176
Other amounts payable		178/9
Amounts payable within one year	6.9	42/48	6.646.649,03	6.974.196,21
Current portion of amounts payable after more than one year falling due within one year		42
Financial debts		43
Credit institutions		430/8
Other loans		439
Trade debts		44	3.339.915,74	3.627.947,80
Suppliers		440/4	3.339.915,74	3.627.947,80
Bills of exchange payable		441
Advances received on contracts in progress		46
Taxes, remuneration and social security	6.9	45	1.435.639,84	1.322.716,53
Taxes		450/3	3.275,09	2.541,25
Remuneration and social security		454/9	1.432.364,75	1.320.175,28
Other amounts payable		47/48	1.871.093,45	2.023.531,88
Accrued charges and deferred income	6.9	492/3	1.827.012,55	2.000.510,27
TOTAL LIABILITIES		10/49	69.332.219,20	120.031.638,48

INCOME STATEMENT

	Notes	Codes	Period	Previous period
Operating income and charges		70/76A	24.271.194,88	24.698.839,04
Turnover	6.10	70	3.057.570,87	4.423.498,15
Increase (decrease) in stocks of finished goods, work and contracts in progress (+)/(-)		71
Own construction capitalised		72	18.013.323,14	18.953.892,70
Other operating income	6.10	74	3.194.411,07	1.316.065,19
Non-recurring operating income	6.12	76A	5.889,80	5.383,00
Operating charges		60/66A	75.359.914,47	63.173.029,77
Raw materials, consumables		60	11.970.930,56	12.055.462,99
Purchases		600/8	11.881.351,41	13.748.869,13
Decrease (increase) in stocks (+)/(-)		609	89.579,15	-1.693.406,14
Services and other goods		61	16.151.877,12	18.229.493,16
Remuneration, social security costs and pensions (+)/(-)	6.10	62	8.416.506,68	7.471.358,41
Depreciation of and amounts written off formation expenses, intangible and tangible fixed assets		630	19.909.475,52	22.550.492,30
Increase, Decrease in amounts written off stocks contracts in progress and trade debtors: Appropriations (write-backs) (+)/(-)		631/4	576.700,24	2.004.754,10
Provisions for risks and charges - Appropriations (uses and write-backs) (+)/(-)	6.10	635/8
Other operating charges	6.10	640/8	1.442.857,18	861.026,28
Operation charges carried to assets as restructuring costs (-)		649
Non-recurring operating charges	6.12	66A	16.891.567,17	442,53
Operating profit (loss) (+)/(-)		9901	-51.088.719,59	-38.474.190,73

	Notes	Codes	Period	Previous period
Financial income		75/76B	544.154,52	1.071.818,44
Recurring financial income		75	544.154,52	1.071.818,44
Income from financial fixed assets		750
Income from current assets		751	79.312,36	226.703,26
Other financial income	6.11	752/9	464.842,16	845.115,18
Non-recurring financial income	6.12	76B
Financial charges	6.11	65/66B	372.582,66	286.647,36
Recurring financial charges		65	372.582,66	286.647,36
Debt charges		650	9.013,36	7.570,63
Amounts written down on current assets except stocks, contracts in progress and
trade debtors (+)/(-)		651	-4.894,29	8.813,78
Other financial charges		652/9	368.463,59	270.262,95
Non recurring financial charges	6.12	66B
Profit (loss) for the period before taxes (+)/(-)		9903	-50.917.147,73	-37.689.019,65
Transfer from postponed taxes		780
Transfer to postponed taxes		680
Income taxes (+)/(-)	6.13	67/77	-718.773,35	-756.055,25
Income taxes		670/3	552,68	1.692,62
Adjustment of income taxes and write-back of tax provisions		77	719.326,03	757.747,87
Profit (loss) for the period (+)/(-)		9904	-50.198.374,38	-36.932.964,40
Transfer from untaxed reserves		789
Transfer to untaxed reserves		689
Profit (loss) for the period available for appropriation (+)/(-)		9905	-50.198.374,38	-36.932.964,40

APPROPRIATION ACCOUNT

	Codes	Period	Previous period
Profit (loss) to be appropriated (+)/(-)	9906	-87.131.338,78	-219.100.465,60
Gain (loss) to be appropriated (+)/(-)	(9905)	-50.198.374,38	-36.932.964,40
Profit (loss) to be carried forward (+)/(-)	14P	-36.932.964,40	-182.167.501,20
Transfers from capital and reserves	791/2	36.932.964,40	182.167.501,20
from capital and share premium account	791	36.932.964,40	182.167.501,20
from reserves	792
Transfers to capital and reserves	691/2
to capital and share premium account	691
to the legal reserve	6920
to other reserves	6921
Profit (loss) to be carried forward (+)/(-)	(14)	-50.198.374,38	-36.932.964,40
Owner's contribution in respect of losses	794
Profit to be distributed	694/7
Dividends	694
Director's or managers' entitlements	695
Workers	696
Other beneficiaries	697

STATEMENT OF INTANGIBLE FIXED ASSETS

	Codes	Period	Previous period
DEVELOPMENT COSTS
Acquisition value at the end of the period	8051P	xxxxxxxxxxxxxxx	64.211.153,12
Movements during the period
Acquisitions, including produced fixed assets	8021
Sales and disposals	8031	64.211.153,12
Transfers from one heading to another (+)/(-)	8041
Acquisition value at the end of the period	8051
Depreciation and amounts written down at the end of the period	8121P	xxxxxxxxxxxxxxx	56.669.027,65
Movements during the period
Recorded	8071	646.466,52
Written back	8081
Acquisitions from third parties	8091
Cancelled owing to sales and disposals	8101	57.315.494,17
Transfers from one heading to another (+)/(-)	8111
Depreciation and amounts written down at the end of the period	8121
NET BOOK VALUE AT THE END OF THE PERIOD	81311

	Codes	Period	Previous period
RESEARCH COSTS INCURRED DURING A FINANCIAL YEAR STARTING BEFORE 1 JANUARY 2016
Acquisition value at the end of the period	8055P	xxxxxxxxxxxxxxx	1.384.107,78
Movements during the period
Acquisitions, including produced fixed assets	8025
Sales and disposals	8035
Transfers from one heading to another (+)/(-)	8045
Acquisition value at the end of the period	8055	1.384.107,78
Depreciation and amounts written down at the end of the period	8125P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8075
Written back	8085
Acquisitions from third parties	8095
Cancelled owing to sales and disposals	8105
Transfers from one heading to another (+)/(-)	8115
Depreciation and amounts written down at the end of the period	8125
NET BOOK VALUE AT THE END OF THE PERIOD	81312	1.384.107,78

	Codes	Period
RESEARCH COSTS INCURRED DURING A FINANCIAL YEAR STARTING AFTER 31 DECEMBER 2015
Acquisition value at the end of the period	8056	65.373.239,76
Depreciation and amounts written down at the end of the period	8126	65.373.239,76
NET BOOK VALUE AT THE END OF THE PERIOD	81313

	Codes	Period	Previous period
CONCESSIONS, PATENTS, LICENCES, KNOWHOW, BRANDS AND SIMILAR RIGHTS
Acquisition value at the end of the period	8052P	xxxxxxxxxxxxxxx	23.121.912,92
Movements during the period
Acquisitions, including produced fixed assets	8022
Sales and disposals	8032	21.953.846,31
Transfers from one heading to another (+)/(-)	8042
Acquisition value at the end of the period	8052	1.168.066,61
Depreciation and amounts written down at the end of the period	8122P	xxxxxxxxxxxxxxx	11.196.082,94
Movements during the period
Recorded	8072	930.247,74
Written back	8082
Acquisitions from third parties	8092
Cancelled owing to sales and disposals	8102	11.958.264,07
Transfers from one heading to another (+)/(-)	8112
Depreciation and amounts written down at the end of the period	8122	168.066,61
NET BOOK VALUE AT THE END OF THE PERIOD	211	1.000.000,00

	Codes	Period	Previous period
GOODWILL
Acquisition value at the end of the period	8053P	xxxxxxxxxxxxxxx	63.729.078,04
Movements during the period
Acquisitions, including produced fixed assets	8023
Sales and disposals	8033
Transfers from one heading to another (+)/(-)	8043
Acquisition value at the end of the period	8053	63.729.078,04
Depreciation and amounts written down at the end of the period	8123P	xxxxxxxxxxxxxxx	63.729.078,04
Movements during the period
Recorded	8073
Written back	8083
Acquisitions from third parties	8093
Cancelled owing to sales and disposals	8103
Transfers from one heading to another (+)/(-)	8113
Depreciation and amounts written down at the end of the period	8123	63.729.078,04
NET BOOK VALUE AT THE END OF THE PERIOD	212

	Codes	Period	Previous period
PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period	8192P	xxxxxxxxxxxxxxx	4.605.072,27
Movements during the period
Acquisitions, including produced fixed assets	8162	65.723,79
Sales and disposals	8172	389.893,46
Transfers from one heading to another (+)/(-)	8182
Acquisition value at the end of the period	8192	4.280.902,60
Revaluation surpluses at the end of the period	8252P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8212
Acquisitions from third parties	8222
Cancelled	8232
Transfers from one heading to another (+)/(-)	8242
Revaluation surpluses at the end of the period	8252
Depreciation and amounts written down at the end of the period	8322P	xxxxxxxxxxxxxxx	4.355.761,22
Movements during the period
Recorded	8272	113.326,53
Written back	8282
Acquisitions from third parties	8292
Cancelled owing to sales and disposals	8302	352.982,55
Transfers from one heading to another (+)/(-)	8312
Depreciation and amounts written down at the end of the period	8322	4.116.105,20
NET BOOK VALUE AT THE END OF THE PERIOD	(23)	164.797,40

	Codes	Period	Previous period
FURNITURE AND VEHICLES
Acquisition value at the end of the period	8193P	xxxxxxxxxxxxxxx	2.551.193,02
Movements during the period
Acquisitions, including produced fixed assets	8163	40.196,78
Sales and disposals	8173	79.964,41
Transfers from one heading to another (+)/(-)	8183
Acquisition value at the end of the period	8193	2.511.425,39
Revaluation surpluses at the end of the period	8253P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8213
Acquisitions from third parties	8223
Cancelled	8233
Transfers from one heading to another (+)/(-)	8243
Revaluation surpluses at the end of the period	8253
Depreciation and amounts written down at the end of the period	8323P	xxxxxxxxxxxxxxx	2.405.946,75
Movements during the period
Recorded	8273	95.015,86
Written back	8283
Acquisitions from third parties	8293
Cancelled owing to sales and disposals	8303	79.437,12
Transfers from one heading to another (+)/(-)	8313
Depreciation and amounts written down at the end of the period	8323	2.421.525,49
NET BOOK VALUE AT THE END OF THE PERIOD	(24)	89.899,90

	Codes	Period	Previous period
OTHER TANGIBLE FIXED ASSETS
Acquisition value at the end of the period	8195P	xxxxxxxxxxxxxxx	831.764,11
Movements during the period
Acquisitions, including produced fixed assets	8165
Sales and disposals	8175
Transfers from one heading to another (+)/(-)	8185
Acquisition value at the end of the period	8195	831.764,11
Revaluation surpluses at the end of the period	8255P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8215
Acquisitions from third parties	8225
Cancelled	8235
Transfers from one heading to another (+)/(-)	8245
Revaluation surpluses at the end of the period	8255
Depreciation and amounts written down at the end of the period	8325P	xxxxxxxxxxxxxxx	649.376,33
Movements during the period
Recorded	8275	111.095,73
Written back	8285
Acquisitions from third parties	8295
Cancelled owing to sales and disposals	8305
Transfers from one heading to another (+)/(-)	8315
Depreciation and amounts written down at the end of the period	8325	760.472,06
NET BOOK VALUE AT THE END OF THE PERIOD	(26)	71.292,05

STATEMENT OF FINANCIAL FIXED ASSETS

	Codes	Period	Previous period
AFFILIATED ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8391P	xxxxxxxxxxxxxxx	5.145.876,91
Movements during the period
Acquisitions, including produced fixed assets	8361
Sales and disposals	8371
Transfers from one heading to another (+)/(-)	8381
Acquisition value at the end of the period	8391	5.145.876,91
Revaluation surpluses at the end of the period	8451P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8411
Acquisitions from third parties	8421
Cancelled	8431
Transfers from one heading to another (+)/(-)	8441
Revaluation surpluses at the end of the period	8451
Amounts written down at the end of the period	8521P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8471
Written back	8481
Acquisitions from third parties	8491
Cancelled owing to sales and disposals	8501
Transfers from one heading to another (+)/(-)	8511
Amounts written down at the end of the period	8521
Uncalled amounts at the end of the period	8551P	xxxxxxxxxxxxxxx
Movements during the period (+)/(-)	8541
Uncalled amounts at the end of the period	8551
NET BOOK VALUE AT THE END OF THE PERIOD	(280)	5.145.876,91
AFFILIATED ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	281P	xxxxxxxxxxxxxxx	1.001.134,77
Movements during the period
Additions	8581	1.109.156,12
Repayments	8591
Amounts written down	8601
Amounts written back	8611
Exchange differences (+)/(-)	8621
Other (+)/(-)	8631
NET BOOK VALUE AT THE END OF THE PERIOD	(281)	2.110.290,89
ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS RECEIVABLE AT THE END OF THE PERIOD	8651

I	∸ г

	Codes	Period	Previous period
OTHER ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8393P	xxxxxxxxxxxxxxx
Movements during the period
Acquisitions, including produced fixed assets	8363
Sales and disposals	8373
Transfers from one heading to another (+)/(-)	8383
Acquisition value at the end of the period	8393
Revaluation surpluses at the end of the period	8453P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8413
Acquisitions from third parties	8423
Cancelled	8433
Transfers from one heading to another (+)/(-)	8443
Revaluation surpluses at the end of the period	8453
Amounts written down at the end of the period	8523P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8473
Written back	8483
Acquisitions from third parties	8493
Cancelled owing to sales and disposals	8503
Transfers from one heading to another (+)/(-)	8513
Amounts written down at the end of the period	8523
Uncalled amounts at the end of the period	8553P	xxxxxxxxxxxxxxx
Movements during the period (+)/(-)	8543
Uncalled amounts at the end of the period	8553
NET BOOK VALUE AT THE END OF THE PERIOD	(284)
OTHER ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	285/8P	xxxxxxxxxxxxxxx	116.808,03
Movements during the period
Additions	8583
Repayments	8593	21.100,00
Amounts written down	8603
Amounts written back	8613
Exchange differences (+)/(-)	8623
Other (+)/(-)	8633
NET BOOK VALUE AT THE END OF THE PERIOD	(285/8)	95.708,03
ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS RECEIVABLE AT THE END OF THE PERIOD	8653

INFORMATION RELATING TO THE SHARE IN THE CAPITAL

SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES

List of both enterprises in which the enterprise holds a participating interest (recorded in the headings 280 and 282 of assets) and other enterprises in which the enterprise holds rights (recorded in the headings 284 and 51/53 of assets) in the amount of at least 10% of the capital issued.

NAME, full address of the REGISTERED		Shares held by					Information from the most recent period for which annual accounts are available
OFFICE and for the enterprise governed by		directly		subsi diaries	Primary	Mone	Capital and reserves	Net result
Belgian law, the COMPANY NUMBER	Nature	Number	%	%	statement	financial										tary unit	(+) of (-) (in units)
ThromboGenics Inc. 101 Wood Avenue South, Suite 610, Iselin 08830 New Jersey United States of America Oncurious NV	Shares		200 100,00	0,00	31/12/2019	USD	1.683.752	68.744
Gaston Geenslaan 1 3001 Heverlee Belgium 0627.952.462	Shares with nominal value	4.376	81,67	0,00	31/12/2019	EUR	273.075	-1.505.445

OTHER INVESTMENTS AND DEPOSIT, DEFFERED CHARGES AND ACCRUED INCOME (ASSETS)

	Codes	Period	Previous period
INVESTMENTS: OTHER INVESTMENTS AND DEPOSITS
Shares and current investments other than fixed income investments	51
Shares - Book value increased with the uncalled amount	8681
Shares - Uncalled amount	8682
Precious metals and works of art	8683
Fixed income securities	52
Fixed income securities issued by credit institutions	8684
Fixed term accounts with credit institutions	53	10.000.000,00	20.000.000,00
With residual term or notice of withdrawal
up to one month	8686
between one month and one year	8687	10.000.000,00	10.000.000,00
over one year	8688		10.000.000,00
Other investments not mentioned above	8689	432.474,82	464.980,59

DEFFERED CHARGES AND ACCRUED INCOME

Allocation of heading 490/1 of assets if the amount is significant.

Deferred charges 160.835,57 Accrued income 25.171,96

Period

STATEMENT OF CAPITAL AND SHAREHOLDING STRUCTURE

STATEMENT OF CAPITAL
Social capital
Issued capital at the end of the period	100P
Issued capital at the end of the period	(100)

Changes during the period

Structure of the capital Different categories of shares

Shares

Registered shares
Shares dematerialized

Codes	Period	Previous period
	XXXXXXXXXXXXXX	147.976.946,87
(100)	111.056.932,00

	Codes	Amounts	Number of shares
Changes during the period
Capital decrease 30/12/2019		-36.920.014,87
Structure of the capital Different categories of shares
Shares		111.056.932,00	38.291.950
Registered shares	8702	XXXXXXXXXXXXXX	38.291.950
Shares dematerialized	8703	XXXXXXXXXXXXXX

	Codes	Uncalled capital	Capital called, but not paid
Capital not paid
Uncalled capital	(101)		XXXXXXXXXXXXXX
Capital called, but not paid	8712	XXXXXXXXXXXXXX
Shareholders having yet to pay up in full

	Codes	Period
OWN SHARES
Held by the company itself
Amount of capital held	8721
Number of shares held	8722
Held by the subsidiaries
Amount of capital held	8731
Number of shares held	8732
Commitments to issue shares
Owing to the exercise of conversion rights
Amount of outstanding convertible loans	8740
Amount of capital to be subscribed	8741
Corresponding maximum number of shares to be issued	8742
Owing to the exercise of subscription rights
Number of outstanding subscription rights	8745	1.114.800
Amount of capital to be subscribed	8746	4.194.553,00
Corresponding maximum number of shares to be issued	8747	1.114.800
Authorized capital, not issued	8751	111.056.932,00

	Codes	Period
Shared issued, not representing capital
Distribution
Number of shares held	8761
Number of voting rights attached thereto	8762
Allocation by shareholder
Number of shares held by the company itself	8771
Number of shares held by its subsidairies	8781

STRUCTURE OF SHAREHOLDINGS OF THE ENTERPRISE AT YEAR-END CLOSING DATE

as shown by the notifications received by the company in accordance with the Companies Code, Article 631 §2 and Article 632 §2; the act of 2 May 2007 on the disclosure of major holdings, Article 14, paragraph four; and the Royal Decree of 21 August 2008 comprising further rules on certain multilateral trading facilities, Article 5.

	Shares	% of total number of shares
Mr. Thomas M. Clay and entities controlled by him	3,361,555	8.78%
Baron Philippe Vlerick and entities controlled by him	2,324,719	6.07%
Novartis Pharma AG	2.177.226	5.69%

INCOME	Codes	Period
BREAKDOWN OF AMOUNTS PAYABLE WITH AN ORIGINAL PERIOD TO MATURITY OF MORE THAN ONE YEAR, ACCORDING TO THEIR RESIDUAL TERM
Current portion of amounts payable after more than one year falling due within one year
Financial debts	8801
Subordinated loans	8811
Unsubordinated debentures	8821
Leasing and other similar obligations	8831
Credit institutions	8841
Other loans	8851
Trade debts	8861
Suppliers	8871
Bills of exchange payable	8881
Advance payments received on contracts in progress	8891
Other amounts payable	8901
Total amounts payable after more than one year, not more than one year	(42)
Amounts payable after more than one year, between one and five years
Financial debts	8802
Subordinated loans	8812
Unsubordinated debentures	8822
Leasing and other similar obligations	8832
Credit institutions	8842
Other loans	8852
Trade debts	8862
Suppliers	8872
Bills of exchange payable	8882
Advance payments received on contracts in progress	8892
Other amounts payable	8902
Total amounts payable after more than one year, between one and five years	8912
Amounts payable after more than one year, over five years
Financial debts	8803
Subordinated loans	8813
Unsubordinated debentures	8823
Leasing and other similar obligations	8833
Credit institutions	8843
Other loans	8853
Trade debts	8863
Suppliers	8873
Bills of exchange payable	8883
Advance payments received on contracts in progress	8893
Other amounts payable	8903
Total amounts payable after more than one year, over five years	8913

	Codes	Period
AMOUNTS PAYABLE GUARANTEED (headings 17 and 42/48 of liabilities)
Amounts payable guaranteed by Belgian public authorities
Financial debts	8921
Subordinated loans	8931
Unsubordinated debentures	8941
Leasing and other similar obligations	8951
Credit institutions	8961
Other loans	8971
Trade debts	8981
Suppliers	8991
Bills of exchange payable	9001
Advance payments received on contracts in progress	9011
Remuneration and social security	9021
Other amounts payable	9051
Total amounts payable guaranteed by Belgian public authorities	9061
Amounts payable guaranteed by real guarantees given or irrevocably promised by the enterprise on its own assets
Financial debts	8922
Subordinated loans	8932
Unsubordinated debentures	8942
Leasing and other similar obligations	8952
Credit institutions	8962
Other loans	8972
Trade debts	8982
Suppliers	8992
Bills of exchange payable	9002
Advance payments received on contracts in progress	9012
Taxes, remuneration and social security	9022
Taxes	9032
Remuneration and social security	9042
Other amounts payable	9052
Total amounts payable guaranteed by real guarantees given or irrevocably promised by the enterprise on its own assets	9062

	Codes	Period
AMOUNTS PAYABLE FOR TAXES, REMUNERATION AND SOCIAL SECURITY
(headings 450/3 and 178/9 of the liabilities) Taxes
Expired taxes payable	9072
Non expired taxes payable	9073	3.275,09
Estimated taxes payable	450
Remuneration and social security (headings 454/9 and 178/9 of the liabilities)
Amount due to the National Office of Social Security	9076
Other amounts payable relating to remuneration and social security	9077	1.432.364,75

ACCRUED CHARGES AND DEFERRED INCOME

Allocation of heading 492/3 of liabilities if the amount is significant

Accrued charges 1.493.012,34

Period Deferred income 334.000,21

	Codes	Period	Previous period
OPERATING INCOME
Net turnover
Broken down by categories of activity
Allocation into geographical markets
Other operating income
Operating subsidies and compensatory amounts received from public authorities	740	125.000,00	81.000,00
OPERATING COSTS
Employees for whom the company has submitted a DIMONA declaration or are recorded in the general personnel register
Total number at the closing date	9086	69	68
Average number of employees calculated in full-time equivalents	9087	69,0	62,2
Number of actual worked hours	9088	113.643	101.644
Personnel costs
Remuneration and direct social benefits	620	6.107.703,60	5.408.267,66
Employers' social security contributions	621	1.459.267,07	1.277.162,05
Employers' premiums for extra statutory insurances	622	99.709,83	102.468,86
Other personnel costs	623	351.464,20	342.796,89
Old-age and widows' pensions	624	398.361,98	340.662,95

	Codes	Period	Previous period
Provisions for pensions Additions (uses and write-back) (+)/(-)	635
Amounts written off
Stocks and contracts in progress
Recorded	9110	912.822,76	3.242.879,64
Written back	9111	336.122,52	1.238.125,54
Trade debtors
Recorded	9112
Written back	9113
Provisions for risks and charges
Additions	9115
Uses and write-back	9116
Other operating charges
Taxes related to operation	640	4.259,23	3.689,48
Other charges	641/8	1.438.597,95	857.336,80
Hired temporary staff and persons placed at the enterprise's disposal
Total number at the closing date	9096
Average number calculated as full-time equivalents	9097	1,5	0,7
Number of actual worked hours	9098	2.879	1.379
Charges to the enterprise	617	114.852,27	51.294,37

FINANCIAL RESULTS

	Codes	Period	Previous period
RECURRING FINANCIAL INCOME
Other financial income
Subsidies granted by public authorities and recorded as income for the period
Capital subsidies	9125
Interest subsidies	9126
Allocation of other financial income
Exchange rate differences		49.980,60	376.484,77
Exchange rate differences from conversion of foreign currencies		414.852,11	468.621,16
Payment differences		9,45	9,25
RECURRING FINANCIAL CHARGES
Depreciation of loan issue expenses	6501
Capitalized Interests	6503
Amounts written off current assets
Recorded	6510	1.590,00	9.196,16
Written back	6511	6.484,29	382,38
Other financial charges
Amount of the discount borne by the enterprise, as a result of negotiating amounts receivable	653
Provisions of a financial nature
Appropriations	6560
Uses and write-backs	6561
Allocation of other financial charges
Exchange rate differences		30.876,66	107.653,62
Bank charges		14.467,63	14.487,29
Loss on sale of current assets		236,80	437,51
Payment differences		42,15	26,50
Unrealised exchange rate losses		322.840,35	147.658,03

INCOME AND CHARGE OF EXCEPTIONAL SIZE OR INCIDENCE

	Codes	Period	Previous period
NON-RECURRING INCOME	76	5.889,80	5.383,00
Non-recurring operating income	(76A)	5.889,80	5.383,00
Write-back of depreciation and of amounts written off intangible and tangible fixed assets	760
Write-back of provisions for extraordinary operating liabilities and charges	7620
Capital gains on disposal of intangible and tangible fixed asset	7630	5.889,80	5.383,00
Other non-recurring operating income	764/8
Non-recurring financial income	(76B)
Write-back of amounts written down financial fixed assets	761
Write-back of provisions for extraordinary financial liabilities and charges	7621
Capital gains on disposal of financial fixed assets	7631
Other non-recurring financial income	769
NON-RECURRING EXPENSES	66	16.891.567,17	442,53
Non-recurring operating charges	(66A)	16.891.567,17	442,53
Non-recurring depreciation of and amounts written off formation expenses, intangible and tangible fixed assets	660	16.891.241,19
Provisions for extraordinary operating liabilities and charges: Appropriations (uses) (+)/(-)	6620
Capital losses on disposal of intangible and tangible fixed assets	6630	325,95	430,40
Other non-recurring operating charges	664/7	0,03	12,13
Non-recurring operating charges carried to assets as restructuring costs (-)	6690
Non-recurring financial charges	(66B)
Amounts written off financial fixed assets	661
Provisions for extraordinary financial liabilities and charges - Appropriations (uses) (+)/(-)	6621
Capital losses on disposal of financial fixed assets	6631
Other non-recurring financial charges	668
Non-recurring financial charges carried to assets as restructuring costs (-)	6691

INCOME TAXES AND OTHER TAXES

INCOME TAXES

Income taxes on the result of the period
Income taxes paid and withholding taxes due or paid
Excess of income tax prepayments and withholding taxes paid recorded under assets
Estimated additional taxes
Income taxes on the result of prior periods
Additional income taxes due or paid
Additional income taxes estimated or provided for

In so far as taxes of the period are materially affected by differences between the profit before taxes as stated in annual accounts and the estimated taxable profit

Impact of non recurring results on the amount of the income taxes relating to the current period

Codes	Period
9134
9135
9136
9137
9138	552,68
9139	552,68
9140

Period

	Codes	Period
Status of deferred taxes
Deferred taxes representing assets	9141	301.865.000,00
Accumulated tax losses deductible from future taxable profits	9142	269.670.000,00
Other deferred taxes representing assets
Irish branch tax losses Deferred taxes representing liabilities	9144	32.195.000,00
Allocation of deferred taxes representing liabilities

	Codes	Period	Previous period
VALUE ADDED TAXES AND OTHER TAXES BORNE BY THIRD PARTIES
Value added taxes charged
To the enterprise (deductible)	9145	5.910.632,09	6.610.530,46
By the enterprise	9146	4.498.289,34	4.914.095,58
Amounts withheld on behalf of third party
For payroll withholding taxes	9147	679.155,07	493.156,52
For withholding taxes on investment income	9148

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

	Codes	Period
PERSONAL GUARANTEES PROVIDED OR IRREVOCABLY PROMISED BY THE ENTERPRISE AS SECURITY FOR DEBTS AND COMMITMENTS OF THIRD PARTIES	9149
Of which
Bills of exchange in circulation endorsed by the enterprise	9150
Bills of exchange in circulation drawn or guaranteed by the enterprise	9151
Maximum amount for which other debts or commitments of third parties are guaranteed by the enterprise	9153
REAL GUARANTEES
Real guarantees provided or irrevocably promised by the enterprise on its own assets as security of debts and commitments of the enterprise
Mortgages
Book value of the immovable properties mortgaged	9161
Amount of registration	9171
Pledging of goodwill - Amount of the registration	9181
Pledging of other assets - Book value of other assets pledged	9191
Guarantees provided on future assets - Amount of assets involved	9201
Real guarantees provided or irrevocably promised by the enterprise on its own assets as security of debts and commitments of third parties
Mortgages
Book value of the immovable properties mortgaged	9162
Amount of registration	9172
Pledging of goodwill - Amount of the registration	9182
Pledging of other assets - Book value of other assets pledged	9192
Guarantees provided on future assets - Amount of assets involved	9202

	Codes	Period
GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR OWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE
SUBSTANTIAL COMMITMENTS TO ACQUIRE FIXED ASSETS
SUBSTANTIAL COMMITMENTS TO DISPOSE OF FIXED ASSETS
FORWARD TRANSACTIONS
Goods purchased (to be received)	9213
Goods sold (to be delivered)	9214
Currencies purchased (to be received)	9215
Currencies sold (to be delivered)	9216

AMOUNT, NATURE AND FORM CONCERNING LITIGATION AND OTHER IMPORTANT COMMITMENTS
SUPPLEMENT RETIREMENTS OR SURVIVORS PENSION PLANS IN FAVOUR OF THE PERSONNEL OR THE EXECUTIVES OF THE ENTERPRISE
Brief description
The company offers its employees retirement benefits that are funded through a group insurance plan which is partly paid by the company and partly by the employees. The contributions, which are paid under the defined contribution plan, are booked based on periodic invoices. For former employees, there is still a defined benefit plan which is further explained in the consolidated annual report.
Measures taken by the enterprise to cover the resulting charges
	Code
PENSIONS FUNDED BY THE ENTERPRISE
Estimated amount of the commitments resulting from past services	9220
Methods of estimation

NATURE AND FINANCIAL IMPACT OF SIGNIFICANT EVENTS AFTER THE CLOSING DATE NOT

INCLUDED IN THE BALANCE SHEET OR THE INCOME STATEMENT

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

COMMITMENTS RELATING TO TECHNICAL GUARANTEES IN RESPECT OF SALES OR SERVICES

Nr. 0881.620.924 C 6.14

SUPPLEMENT RETIREMENTS OR SURVIVORS PENSION PLANS IN FAVOUR OF THE PERSONNEL OR THE EXECUTIVES OF

COMMITMENTS TO PURCHASE OR SALE AVAILABLE TO THE COMPANY AS ISSUER OF OPTIONS FOR SALE OR PURCHASE	Period
	Period
NATURE AND COMMERCIAL OBJECTIVE OF TRANSACTIONS NOT REFLECTED IN THE BALANCE SHEET Provided that the risks or advantages coming from these transactions are significant and if the disclosure of the risks or advantages is necessary to appreciate the financial situation of the company

Period

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

OTHER RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET (including those which can not be quantified)

RELATIONSHIPS WITH AFFILIATED ENTERPRISES, ASSOCIATED ENTERPRISES AND OTHERS ENTERPRISES LINKED BY PARTICIPATING INTERESTS

	Codes	Period	Previous period
AFFILIATED ENTERPRISES
Financial fixed assets	(280/1)	7.256.167,80	6.147.011,68
Participating interests	(280)	5.145.876,91	5.145.876,91
Subordinated amounts receivable	9271
Other amounts receivable	9281	2.110.290,89	1.001.134,77
Amounts receivable	9291	1.659.814,34	275.178,76
Over one year	9301
Within one year	9311	1.659.814,34	275.178,76
Current investments	9321
Shares	9331
Amounts receivable	9341
Amounts payable	9351	1.871.093,45	2.023.531,88
Over one year	9361
Within one year	9371	1.871.093,45	2.023.531,88
Personal and real guarantees
Provided or irrevocably promised by the enterprise as security for debts or commitments of affiliated enterprises	9381
Provided or irrevocably promised by affiliated enterprises as security for debts or commitments of the enterprise	9391
Other significant financial commitments	9401
Financial results
Income from financial fixed assets	9421
Income from current assets	9431	52.275,93	62.588,46
Other financial income	9441
Debt charges	9461
Other financial charges	9471
Disposal of fixed assets
Capital gains obtained	9481
Capital losses suffered	9491

	Codes	Period	Previous period
ASSOCIATED ENTERPRISES
Financial fixed assets	9253
Participating interests	9263
Subordinated amounts receivable	9273
Other amounts receivable	9283
Amounts receivable	9293
Over one year	9303
Within one year	9313
Amounts payable	9353
Over one year	9363
Within one year	9373
Personal and real guarantees
Provided or irrevocably promised by the enterprise as security for debts or commitments of associated enterprises	9383
Provided or irrevocably promised by associated enterprises as security for debts or commitments of the enterprise	9393
Other significant financial commitments	9403
OTHER ENTERPRISES LINKED BY PARTICIPATING INTERESTS
Financial fixed assets	9252
Participating interests	9262
Subordinated amounts receivable	9272
Other amounts receivable	9282
Amounts receivable	9292
Over one year	9302
Within one year	9312
Amounts payable	9352
Over one year	9362
Within one year	9372

TRANSACTIONS WITH ENTERPRISES LINKED BY PARTICIPATING INTERESTS OUT OF MARKET CONDITIONS

Mention of these transactions if they are significant, including the amount of the transactions, the nature of the link, and all information about the transactions which should be necessary to get a better understanding of the situation of the company

Period

FINANCIAL RELATIONSHIPS WITH

	Codes	Period
DIRECTORS, MANAGERS, INDIVIDUALS OR BODIES CORPORATE WHO CONTROL THE ENTERPRISE WITHOUT BEING ASSOCIATED THEREWITH OR OTHER ENTERPRISES CONTROLLED BY THESE PERSONS
Amounts receivable from these persons	9500
Conditions on amounts receivable, rate, duration, possibly reimbursed amounts, canceled amounts or renounced amounts
Guarantees provided in their favour	9501
Other significant commitments undertaken in their favour	9502
Amount of direct and indirect remunerations and pensions, included in the income statement, as long as this disclosure does not concern exclusively or mainly, the situation of a single identifiable person
To directors and managers	9503	557.000,00
To former directors and former managers	9504

	Codes	Period
AUDITORS OR PEOPLE THEY ARE LINKED TO
Auditor's fees	9505	78.990,00
Fees for exceptional services or special missions executed in the company by the auditor
Other attestation missions	95061	7.825,46
Tax consultancy	95062
Other missions external to the audit	95063
Fees for exceptional services or special missions executed in the company by people they are linked to
Other attestation missions	95081
Tax consultancy	95082
Other missions external to the audit	95083	8.870,29

Mentions related to article 134 from the Companies Code

INFORMATION RELATING TO CONSOLIDATED ACCOUNTS

INFORMATION TO DISCLOSE BY EACH ENTERPRISE THAT IS SUBJECT TO COMPANY LAW ON THE CONSOLIDATED ACCOUNTS OF ENTERPRISES

The enterprise has drawn up published a consolidated annual statement of accounts and a management report*

The enterprise has not published a consolidated annual statement of accounts and a management report, since it is exempt for this obligation for the following reason*

The enterprise and its subsidiaries on consolidated basis exceed not more than one of limits mentioned in art. 16 of Company Law*

The enterprise only has subsidiaries which, considering the assessment of the consolidated assets, consolidated financial position or consolidated results, individual or together, are of a negligible size* (Art. 110 of Company Law)

The enterprise itself is a subsidiary of an enterprise which does prepare and publish consolidated accounts in which annual accounts of the enterprise are included*

Name, full address of the registered office and, for an enterprise governed by Belgian Law, the company number of the parent company(ies) and the specification whether the parent company(ies) prepare(s) and publish(es) consolidated annual accounts in which the annual accounts of the enterprise are included**

If the parent company(ies) is (are) (an) enterprise(s) governed by foreign law disclose where the consolidated accounts can be obtained**

^* Delete where no appropriate.

^** Where the accounts of the enterprise are consolidated at different levels, the information should be given for the consolidated aggregate at the highest level on the one hand and the lowest level on the other hand of which the enterprise is a subsidiary and for which consolidated accounts are prepared and published.

FINANCIAL RELATIONSHIPS OF THE GROUP LED BY THE ENTERPRISE IN BELGIUM WITH AUDITORS OR WITH PEOPLE THEY ARE LINKED TO

	Codes	Period
Mentions related to article 134, §4 and §5 from the Companies Code
Auditor's fees according to a mandate at the group level led by the company publishing the information	9507	84.990,00
Fees for exceptional services or special missions executed in these group by the auditor
Other attestation missions	95071	7.855,46
Tax consultancy	95072
Other missions external to the audit	95073
Fees to people auditors are linked to according to the mandate at the group level led by the company publishing the information	9509
Fees for exceptional services or special missions executed in the group by people they are linked to
Other attestation missions	95091
Tax consultancy	95092
Other missions external to the audit	95093	8.870,29

Mentions related to article 134 from the Companies Code

VALUATION RULES Valuation Rules

1. Formation Expenses

Formation expenses are entered as assets on the balance sheet at purchase price. Formation expenses are depreciated in a straight line over 5 years.

1. Intangible Fixed Assets

2.1 Patents and Licenses

Patents and licenses are entered as assets on the balance sheet at purchase price. They are depreciated in a straight line over the period during which the patents will generate profits. The depreciations of the patents are entered in tandem with the recognition of royalties in order to observe the contractual basis optimally. Depreciations are entered in case of permanent short value or devaluation of the patents.

2.2 Goodwill

Goodwill resulting from takeovers and mergers is amortised over 5 years.

1. Tangible Fixed Assets

The tangible fixed assets are entered as assets on the balance sheet at their purchase price or at their cost of manufacture. The depreciations are applied on an annual basis at the following percentages and methods:

Software 33% - straight line Laboratory material 20% - straight line Installations 20% - straight line Equipment 20% - straight line Furniture 20% - straight line Vehicles 20% - straight line Office supplies 33% - straight line

The amount initially included for intangible fixed assets consists of external study and production costs through subcontracting and internal development costs. After their initial entry in the balance sheet, the intangible fixed

assets are valued at cost minus accumulated depreciations and accumulated special depreciation losses. The depreciations of the activated development costs are entered in the profit and loss account under section "Research and Development Costs". The activated costs are depreciated over the life of the patent from the time it starts to generate profits.

An internally developed intangible fixed asset which results from development activities is only activated when the following conditions have been met:

* Technical feasibility to make the intangible assets available for use;

* Intention to finalise the intangible assets and the use or sale thereof;

• * Feasibility of using or selling the intangible assets;
• * The intangible assets are likely to generate future economic gains, or indicate the existence of a market;
• * Availability of adequate technical and sufficient financial means to complete the development;
• * Availability of a reliable measure of the allocated expenses for these intangible assets during development.

From fiscal year 2016 onwards, new activated intangible fixed assets are fully depreciated in the same year in correspondence with the Royal Decree implementing the Company Code.

4. Financial Fixed Assets

The financial fixed assets are entered at purchase value.

5. Supplies and Orders in Progress

Supplies and orders in progress are entered at purchase value.

6. Trade Receivables

Trade receivables are entered at a nominal value. If recovery becomes unlikely, a provision will be made for questionable debtors.

7. Debts

Short and long term debts are entered at nominal value.

8. Foreign Currency

The conversion of credits, debts and obligations from Euro into foreign currency occurs on the basis of the exchange rate at the end of the year. The effects of the conversion of foreign currency are incorporated in the annual accounts as follows: positive differences are carried across; negative differences are included in the results.

9. Research and Development Costs

The company specialises in research in the cardiovascular field. The research costs, incurred by the company, are included in the costs. Oxurion is entitled to a royalty percentage from the sales of the medicine that has been developed.

10. Royalty Revenue

Revenue from royalties is entered as turnover from the time they are definite or the cash is received.

11. Subsidy Revenue

Subsidies relating to research projects are entered under "Other Operating Income" proportionate to the progress of the research project the subsidy relates to.

The portion of the subsidy revenue which has not been received yet is entered as deferred and accrued income.

VALUATION RULES

1. Revenue from Licenses:

Revenue from licenses is included when all of the following conditions have been met:

• * Significant risks and property rights associated with ownership of the goods have been transferred to the buyer;
• * The Group does not retain actual control or any entitlement over the sold goods which is usually due to the owner;
• * The amount of the revenue can be valued using a reliable method;
• * It is likely that the economic benefits with regard to the transaction will flow to the company; and

• * Any costs incurred or to be incurred with regard to the transaction can be valued using a reliable method.

• Tax credit receivables after more than one year

In the past, the tax credit to be received was recorded under accrued income (#491). As from 2018, based on the CBN opinion 2018/02, published on March 21, 2018, the tax credit to be received within one year will be recorded under other receivables within one year (# 412) and to the extent that the repayment is estimated to occur only after more than one year, this receivable will be recorded as other receivables after more than one year (#291). 2018 amount reclassed from accrued income to tax credit receivables after more than 1 year amounts to 2.173 million euro.

OTHER INFORMATIONS TO DISCLOSE

SOCIAL BALANCE SHEET

Number of joint industrial committee:

207

STATEMENT OF THE PERSONS EMPLOYED

EMPLOYEES FOR WHOM THE ENTERPRISE SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER

During the current period	Codes	Total	1. Men	2. Women
Average number of employees
Full-time	1001	57,7	25,2	32,5
Part-time	1002	14,9	0,1	14,8
Total in full-time equivalents	1003	69,0	25,2	43,8
Number of hours actually worked
Full-time	1011	95.594	43.213	52.381
Part-time	1012	18.049	64	17.985
Total	1013	113.643	43.277	70.366
Personnel costs
Full-time	1021	6.744.677,90	3.048.948,71	3.695.729,19
Part-time	1022	1.273.466,80	4.557,87	1.268.908,93
Total	1023	8.018.144,70	3.053.506,58	4.964.638,12
Advantages in addition to wages	1033

During the preceding period	Codes	P. Total	1P. Men	2P. Women
Average number of employees in FTE	1003	62,2	22,7	39,5
Number of hours actually worked	1013	101.644	38.764	62.880
Personnel costs	1023	7.130.695,46	2.719.423,12	4.411.272,34
Advantages in addition to wages	1033

	Codes	1. Full-time	2. Part-time	3. Total full-time equivalents
At the closing date of the period
Number of employees	105	56	13	65,5
By nature of the employment contract
Contract for an indefinite period	110	56	13	65,5
Contract for a definite period	111
Contract for the execution of a specifically assigned work	112
Replacement contract	113
According to gender and study level
Men	120	22	1	22,5
primary education	1200
secondary education	1201
higher non-university education	1202
university education	1203	22	1	22,5
Women	121	34	12	43,0
primary education	1210
secondary education	1211
higher non-university education	1212
university education	1213	34	12	43,0
By professional category
Management staff	130
Employees	134	56	13	65,5
Workers	132
Others	133

HIRED TEMPORARY STAFF AND PERSONNEL PLACED AT THE ENTERPRISE'S DISPOSAL

During the period	Codes	1. Hired temporary staff	2. Persons placed at the enterprise's disposal
Average number of persons employed	150	1,5
Number of hours actually worked	151	2.879
Costs for the enterprise	152	114.852,27

LIST OF PERSONNEL MOVEMENTS DURING THE PERIOD

ENTRIES	Codes	1. Full-time	2. Part-time	3. Total full-time equivalents
Number of employees for whom the entreprise submitted a DIMONA declaration or who have been recorded in the general personnel register during the financial year	205	11	1	11,9
By nature of employment contract
Contract for an indefinite period	210	11	1	11,9
Contract for a definite period	211
Contract for the execution of a specifically assigned work	212
Replacement contract	213

DEPARTURES	Codes	1. Full-time	2. Part-time	3. Total full-time equivalents
Number of employees whose contract-termination date has been entered in DIMONA declaration or in the general personnel register during the financial year	305	8	3	10,5
By nature of employment contract
Contract for an indefinite period	310	8	3	10,5
Contract for a definite period	311
Contract for the execution of a specifically assigned work	312
Replacement contract	313
By reason of termination of contract
Retirement	340
Unemployment with extra allowance from enterprise	341
Dismissal	342
Other reason	343	8	3	10,5
Of which the number of persons who continue to render services to the enterprise at least half-time on a self-employed basis	350

INFORMATION ON TRAININGS PROVIDED TO EMPLOYEES DURING THE PERIOD

Total of initiatives of formal professional training at the expense of the employer	Codes	Men	Codes	Women
Number of employees involved	5801		5811
Number of actual training hours	5802		5812
Net costs for the enterprise	5803		5813
of which gross costs directly linked to training	58031		58131
of which fees paid and paiments to collective funds	58032		58132
of which grants and other financial advantages received (to deduct)	58033		58133
Total of initiatives of less formal or informal professional training at the expense of the employer
Number of employees involved	5821		5831
Number of actual training hours	5822		5832
Net costs for the enterprise	5823		5833
Total of initiatives of initial professional training at the expense of the employer
Number of employees involved	5841		5851
Number of actual training hours	5842		5852
Net costs for the enterprise	5843		5853