XML 18 R8.htm IDEA: XBRL DOCUMENT v3.23.2
Other Income
 6 Months Ended
Jun. 30, 2023
Other Income  
Other income
2.Other income

 

   For the three months ended June 30,   For the six months
ended June 30		 
   2023
(unaudited)		   2022
(unaudited)		   2023
(unaudited)		   2022
(unaudited)		 
   (in €) 
Other income                
Income from government grants  4,874,934   14,415,368   12,609,789   14,415,368 
Other   7,974    26,173    19,307    27,767 
Total   4,882,908    14,441,541    12,629,096    14,443,135 

 

Other income for the three months ended June 30, 2023 amounted to €4.9 million (PY: €14.4 million) and for the six months ended June 30, 2023 amounted to €12.6 million (PY: €14.4 million), which is primarily attributable to income recognized from grant payments received from the German federal government for the development of vilobelimab as treatment for critically ill COVID patients, including expenses related to clinical development and manufacturing process development. The decrease in income from government grants is primarily due to a non-recurring catch-up effect of costs incurred in preceding periods for which income recognition was deferred until the three months ended June 30, 2022 when the recognition criteria were met.