XML 26 R8.htm IDEA: XBRL DOCUMENT

Net financial result

6 Months Ended

Jun. 30, 2022

Net financial result

The net financial result is comprised of the following items for the three and six months ended June 30:

	For the three months ended June 30,						For the six months ended June 30,
(in €)	2022 (unaudited)			2021 (unaudited)				2022 (unaudited)		2021 (unaudited)

Financial income
Interest income		82,401			35,622			110,362		58,584
Financial expenses
Interest expenses		(2,243	)		(305	)		(22,102	)	(2,885	)
Interest on lease liabilities		(5,702	)		(2,745	)		(10,429	)	(3,849	)
Total		74,456			32,572			77,831		51,850

Interest income results from marketable securities and short-term deposits in U.S. Dollars held by the Company and its subsidiaries.

	For the three months ended June 30,					For the six months ended June 30,
(in €)		2022 (unaudited)		2021 (unaudited)			2022 (unaudited)		2021 (unaudited)

Foreign exchange result
Foreign exchange income		2,947,221		1,635,201			4,057,629		4,092,239
Foreign exchange expense		(1,383,641	)	(2,461,504	)		(1,766,116	)	(3,186,872	)
Total		1,563,580		(826,303	)		2,291,513		905,367

Foreign exchange income and expense is mainly derived from the translation of the U.S. Dollar cash, cash equivalents and securities held by the Company and its subsidiaries.

For the three months ended June 30,

For the six months ended June 30,

(in €)

2022

(unaudited)

2021

(unaudited)

2022

(unaudited)

2021

(unaudited)

Other financial result

(86,000

)

(5,000

)

39,000

43,000

Other financial result includes an allowance for expected credit loss on marketable securities.