15. Research and development incentives receivables
The table below illustrates the R&D incentives receivables related captions in the balance sheet as at 31 December 2016 and 2015.
|
31 December |
|
(thousands of €) |
2016 |
2015 |
Non-current R&D incentives receivables |
54,188 |
49,384 |
Current R&D incentives receivables |
10,154 |
9,161 |
Total R&D incentives receivables |
64,342 |
58,545 |
Total R&D incentives receivables increased by €5.8 million compared to 31 December 2015. This increase is explained by new R&D incentives reported in 2016 for €15.3 million (€9.5 million related to French R&D incentives and €5.8 million related to Belgian R&D incentives) less the payments received related to French R&D incentives amounting to €8.7 million and to Belgian R&D incentives amounting to €0.8 million. The R&D incentives receivables relate to future refunds resulting from R&D incentives on research expenses in France and Belgium. Non-current R&D incentives receivables are 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 the balance sheet at 31 December 2016.
Non-current R&D incentives receivables |
||||||
|
|
|
|
|
|
|
|
31 December 2016 |
|
||||
|
Maturity date |
|
||||
(thousands of €) |
2018 |
2019 |
2020 |
2021 |
2022–2026 |
Total |
French non-current R&D incentives receivables – nominal value |
8,214 |
8,621 |
9,168 |
|
|
26,003 |
French non-current R&D incentives receivables – discounted value |
8,214 |
8,621 |
9,168 |
|
|
26,003 |
|
|
|
|
|
|
|
Belgian non-current R&D incentives receivables – nominal value |
2,074 |
2,966 |
3,831 |
4,188 |
15,235 |
28,294 |
Belgian non-current R&D incentives receivables – discounted value |
2,074 |
2,966 |
3,831 |
4,188 |
15,126 |
28,185 |
|
|
|
|
|
|
|
Total non-current R&D incentives receivables – nominal value |
10,288 |
11,587 |
12,999 |
4,188 |
15,235 |
54,297 |
Total non-current R&D incentives receivables – discounted value |
10,288 |
11,587 |
12,999 |
4,188 |
15,126 |
54,188 |