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Annual Report 2016

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  • The Galapagos group
    • Letter from the management
    • Committed to moving forward
      • Walid Abi-Saab
      • Ellen van der Aar
      • Veronique Deiteren
    • At a glance
    • Strategy
    • Going concern statement
    • Risk management and internal control
    • The Galapagos share
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      • Filgotinib program in RA
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      • Filgotinib program in IBD
      • Clinical program with filgotinib in CD
      • Clinical program with filgotinib in UC
    • Cystic fibrosis
      • Clinical program for CF
    • Idiopathic pulmonary fibrosis
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  • Risk factors
    • Financial position and need for additional capital
    • Product development, regulatory approval and commercialization
    • Reliance on third parties
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    • Remuneration report
      • Determination of remuneration
      • Remuneration policy
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      • Executive directors
      • Criteria and methods to evaluate performance
      • Gross remuneration of CEO
      • Gross remuneration of other executive committee members
      • Shares, warrants or other rights
      • Severance payments
      • Severance payments in 2016
      • Claw-back right
    • Conflict of interests and related parties
    • Statement by the board of directors
  • Financial statements
    • Consolidated financial statements
      • Statements of income and comprehensive income
      • Statements of financial position
      • Cash flow statements
      • Statements of changes in equity
    • Notes to the consolidated financial statements
      • Notes 1-10
        • 1. General information
        • 2. Significant accounting policies
        • 3. Critical accounting estimates and judgments
        • 4. Segment information
        • 5. Total revenues and other income
        • 6. Operating costs
        • 7. Staff costs
        • 8. Fair value re-measurement of share subscription agreement
        • 9. Other financial income/expenses
        • 10. Taxes
      • Notes 11-20
        • 11. Result per share
        • 12. Intangible assets
        • 13. Property, plant and equipment
        • 14. Other non-current assets
        • 15. Research and Development incentives receivables
        • 16. Restricted cash
        • 17. Trade and other receivables and other current assets
        • 18. Cash and cash equivalents
        • 19. Share capital
        • 20. Other reserves
      • Notes 21-30
        • 21. Translation differences
        • 22. Deferred tax
        • 23. Finance lease liabilities
        • 24. Trade and other liabilities
        • 25. Provisions
        • 26. Operating lease obligations
        • 27. Off-balance sheet arrangements
        • 28. Contingent assets and liabilities
        • 29. Retirement benefit plans
        • 30. Warrant plans
      • Notes 31-35
        • 31. Related parties
        • 32. Consolidated companies as of 31 December 2016
        • 33. Financial risk management
        • 34. Statutory auditor’s remuneration
        • 35. Events after balance sheet date
    • Non-consolidated financial statements
  • Auditor's report
    • Report of the statutory auditor

Chantal Tasset

Head of Development

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Last Update 23 March 2017

Galapagos Annual Report 2016 (PDF)

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