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Summary of accounting policies applied by the Group for the annual reporting period ending December 31, 2020 (Tables)

12 Months Ended

Dec. 31, 2020

Text Block [Abstract]

Summary of estimated Useful Lives of Property, Plant and Equipment

The estimated useful lives are generally within the following ranges:


Category		Estimated useful life
Computer equipment		1 – 10 years
Laboratory equipment		1 – 15 years
Office equipment		2 – 20 years

Summary of useful life of intangible assets other than goodwill

Amortization is calculated on a straight-line basis over the estimated useful lives of the assets as follows:


Category		Estimated useful life
Licenses		5 – 30 years
Software		1 – 5 years

Summary of foreign exchange rates

The Group used the following exchange rates to convert the financial statements of its U.S. subsidiary:


		2020								2019								2018
		Year-end rate				Average rate				Year-end rate				Average rate				Year-end rate				Average rate
Euros per U.S. Dollar			0.8149				0.8762				0.8902				0.8932				0.8738				0.8468