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Lease Liabilities
 6 Months Ended
Jun. 30, 2021
Text block [abstract]  
Lease Liabilities
Note 10 —Lease Liabilities
The Company primarily leases office and laboratory facilities. Lease arrangements contain a range of different terms and conditions and are typically entered into for fixed periods. Generally, the lease terms are determined according to the
non-cancellable
period and are between two and twelve years. In addition, in order to improve flexibility to the Company’s operations, lease terms may provide the Company with options to extend the lease or to terminate the lease within the enforceable lease term. In the Company’s current lease portfolio, extension and termination options range between two to ten years, in addition to the
non-cancellable
period.
Maturity analysis for lease liabilities recognized in the consolidated statements of financial position at June 30, 2021 is specified below.
 
     
                         
      
                         
      
                         
      
                         
      
                         
  
 
  
< 1 year
 
  
1-5 years
 
  
>5 years
 
  
Total
contractual
cash-flows
 
  
Carrying
amount
 
 
  
(EUR’000)
 
June 30, 2021
  
      
  
      
  
      
  
      
  
      
Lease liabilities
      7,051        45,162        71,397        123,610        101,009  
    
 
 
     
 
 
     
 
 
     
 
 
     
 
 
  
Total lease liabilities
   
 
7,051
 
   
 
45,162
 
   
 
71,397
 
   
 
123,610
 
   
 
101,009