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Leases
 12 Months Ended
Dec. 31, 2020
Presentation of leases for lessee [abstract]  
Disclosure of leases [text block]
11.
Leases
Right-of
use assets consist of the following:
 
   
As of
 
   
December 31,
2020
   
December 31,
2019
 
   
(Euros in thousands)
 
Buildings
   5,760    2,799 
IT and telecommunication
   258    349 
Vehicles
   90    90 
Other assets
   41    49 
  
 
 
   
 
 
 
Total
  
 
6,149
 
  
 
3,287
 
  
 
 
   
 
 
 
 
Lease liabilities consist of the following:
 
   
As of
 
   
December 31,
2020
   
December 31,
2019
 
   
(Euros in thousands)
 
Lease liability – current
   1,881    1,411 
Lease liability –
non-current
   4,306    1,823 
  
 
 
   
 
 
 
Total
  
 
6,187
 
  
 
3,234
 
  
 
 
   
 
 
 
Additions to the
right-of-use
assets were €5.1 million and €0.3 million as of December 31, 2020 and 2019, respectively.
Currency translation differences included in
right-of-use
assets were €0.3 million and €0.05 million as of December 31, 2020 and 2019, respectively.
Expenses related to
right-of-use
assets and lease liabilities consist of the following:
 
   
Year ended December 31,
 
Depreciation charges of
right-of-use
assets
  
2020
   
2019
 
   
(Euros in thousands)
 
Buildings
   2,036   1,804 
IT and telecommunication
   101   101 
Vehicles
   50   37 
Other assets
   8   8 
  
 
 
   
 
 
 
Total
  
 
2,195
 
  
 
1,950
 
  
 
 
   
 
 
 
Interest expenses form leases
   260    170 
Expense relating to short-term leases and
low-value
assets (included in administrative expenses)
   51    27 
The total cash payments for leases were €2.4 million and €2.1 million as of December 31, 2020 and 2019, respectively.
As of December 31, 2020, the Group has committed lease payments of €6.9 million, of which €2.1 million will occur in the next 12 months. The remaining lease payments will occur between January 1, 2022 and December 31, 202
6
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