v3.20.1

Research and Development incentives receivables | 12 Months Ended
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Dec. 31, 2019
Research and Development incentives receivables |
Research and Development incentives receivables | 16. Research and Development incentives receivables The table below illustrates the R&D incentives receivables related captions in the balance sheet at December 31, 2019, 2018 and 2017:
|  |  | December 31,
|  | 2019 |  | 2018 |  | 2017
|  |  | (Euro, in thousands)
Non-current R&D incentives receivables |  | € | 93,407 |  | € | 73,443 |  | € | 64,001
Current R&D incentives receivables |  |  | 21,949 |  |  | 11,203 |  |  | 11,782
Total R&D incentives receivables |  | € | 115,356 |  | € | 84,646 |  | € | 75,783
The R&D incentives receivables are future expected refunds or tax deductions resulting from R&D incentives on research and development expenses in France and Belgium. Non-current R&D incentives receivables are reported at their net present value and are therefore discounted over the period until maturity date. The table below provides detailed information on the maturity of the non-current R&D incentives receivables reported in our balance sheet at December 31, 2019. Non-current R&D incentives receivables
|  | December 31, 2019 Maturity date |  |
|  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025-2029 |  | Total
|  | (Euro, in thousands) |  |
French non-current R&D incentives receivables - discounted value |  | € | 9,668 |  | € | 10,223 |  | € | 11,913 |  |  |  |  |  |  |  | € | 31,804
Belgian non-current R&D incentives receivables - discounted value |  |  | 4,881 |  |  | 5,734 |  |  | 7,534 |  | € | 10,190 |  | € | 33,263 |  |  | 61,603
Total non-current R&D incentives receivables - discounted value |  | € | 14,549 |  | € | 15,957 |  | € | 19,447 |  | € | 10,190 |  | € | 33,263 |  | € | 93,407

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