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Application of new and revised international financial reporting standards (Tables) | 12 Months Ended
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Dec. 31, 2020
Text Block [Abstract] |
Summary of Application of new standards | New standards and interpretations applied for the first time:
Standard/interpretation |  | Effective date |
Amendments to IFRS 3, “Business combinations”, - Definition of a business |  |  | January 1, 2020 |
Amendments to IAS 1, “Presentation of financial statements”, and IAS 8, “Accounting policies, changes in accounting estimates and errors” |  |  | January 1, 2020 |
Amendment to IFRS 9, IAS 39 and IFRS 17: - Interest rate benchmark reform |  |  | January 1, 2020 |
Amendment to the Conceptual framework |  |  | January 1, 2020 |
Summary of Non Mandatory standards and interpretations issued by IASB | The following standards a n d interpretations have been issued by the IASB, but were not yet mandatory for the year ended December 31, 2020:
Standard/interpretation |  | Effective date |  |  | Material effect expected on Immatics financial statements |
IFRS 16 COVID-19-Related Rent Concessions Amendment |  |  | January 1, 2021 |  |  |  | No |
Amendments to IAS 1,” Presentation of financial statements”, on classification of liabilities |  |  | January 1, 2022 |  |  |  | No |
IFRS 17 Insurance contracts |  |  | January 1, 2023 |  |  |  | No |

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