XML 66 R27.htm IDEA: XBRL DOCUMENT v3.21.1
Personnel expenses
12 Months Ended
Dec. 31, 2020
Text Block [Abstract]  
Personnel expenses
21.
Personnel expenses
The Group recognized the following personnel expenses:
 
   
Year ended December 31,
 
   
2020
   
2019
   
2018
 
   
(Euros in thousands)
 
Wages and salaries
      
Research and development expenses
   15,277    11,635    10,485 
General and administrative expenses
   6,968    3,596    2,233 
  
 
 
   
 
 
   
 
 
 
Total Wages and salaries
  
 
22,245
 
  
 
15,231
 
  
 
12,718
 
Other employee benefits
      
Research and development expenses
   2,624    2,035    1,920 
General and administrative expenses
   1,015    728    607 
  
 
 
   
 
 
   
 
 
 
Total other employee benefits
  
 
3,639
 
  
 
2,763
 
  
 
2,527
 
Share-based compensation expense
      
Research and development expenses
   14,546    1,556    238 
General and administrative expenses
   10,973    460    100 
  
 
 
   
 
 
   
 
 
 
Total share-based compensation expense
  
 
25,519
 
  
 
2,016
 
  
 
338
 
  
 
 
   
 
 
   
 
 
 
Total
  
 
51,403
 
  
 
20,010
 
  
 
15,583
 
  
 
 
   
 
 
   
 
 
 
Other employee benefit expenses include employee retirement fund contributions, health insurance, and statutory social expenses. Immatics US Inc. sponsors a defined contribution retirement plan for employees in the United States. During 2020, 2019 and 2018, total Group contributions to the defined contribution plan amounted to €0.2 million, €0.1 million and €0.1 million, respectively.
For the year ended December 31, 2020, 2019 and 2018, other employee benefits also include employee health insurance costs amounting to €0.4 million, €0.3 million and €0.4 million for Immatics US Inc., statutory social expenses amounting to €1.7 million, €1.3 million and €1.0 million for our German operations and other miscellaneous expenses amounting to €0.1 million, €0.07 million and €0.2 million, respectively.