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Financial income and expenses | 12 Months Ended
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Dec. 31, 2020
Text Block [Abstract] |
Financial income and expenses |
16. | Financial income and expenses
Financial income and financial expenses consist of the following:
|  | Year ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (Euros in thousands) |
Interest income from short-term deposits |  |  | 850 |  |  |  | 790 |  |  |  | 507 |
Foreign currency gains |  |  | — |  |  |  | — |  |  |  | 1,708 |
Gain on other financial instruments |  |  | 2,099 |  |  |  | — |  |  |  | — |
Financial income |  |  | 2,949 |  |  |  | 790 |  |  |  | 2,215 |
Interest expenses form leases |  |  | (289 | ) |  |  | (170 | ) |  |  | (16 | )
Foreign currency losses |  |  | (9,774 | ) |  |  | (94 | ) |  |  | (145 | )
Financial expenses |  |  | (10,063 | ) |  |  | (264 | ) |  |  | (161 | )
Foreign currency losses mainly consist of unrealized losses in connection with our USD holdings. Gain on other financial instruments includes an unrealized gain of 0.9 million and a realized gain of 1.2 million from foreign currency forward contracts for the year ended December 31, 2020.

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- Definition The disclosure of finance income (cost). [Refer: Finance income (cost)] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard -URIDate 2020-01-01 + Details
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