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<div> <div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:normal;">Cash outflow related to leases are as follows:</font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:77.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:77.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
</tr>
<tr>
<td valign="bottom" style="width:77.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Repayment of lease liabilities</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 521</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 405</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:77.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Interest on lease liabilities</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 34</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 24</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:77.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Short-term lease payments </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 70</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 66</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:77.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Cash outflow from leasing</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 625</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 495</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt 0pt 8pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-weight:bold;">Future contractually agreed undiscounted lease payments are as follows:</font>
</p>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Payments within one year</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 519</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 553</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Payments between one and five years</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 515</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 276</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 1,034</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 829</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt 0pt 8pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">14. Long term financial assets</font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Company holds preferred shares in Amphivena recognized at their fair value of €2.9 million (2019: €3.2 million) and common shares in Roivant </font><font style="display:inline;">Sciences</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;"> Ltd at their fair value of €17.1 million. The Company recognized losses from the change in fair values of €0.2 million in other comprehensive income in 2020 (2019: €0.6 million).</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-weight:bold;">Movements of lease liabilities reconcile to cash flows arising from financing activities as follows:</font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Balance as of January 1</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 804</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 717</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Changes from financing cash flows</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Repayment of lease liabilities</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (521)</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (405)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> (521)</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> (405)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Other Changes</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">New lease contracts</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 691</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 492</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 691</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 492</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Balance as of December 31</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 974</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 804</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt 0pt 8pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
P10Y
0.040
0.040
P10Y
192000
2.30
2.00
166297
53395
1000000
0
P1Y
P4Y
5000000
25000000
25000000
P3Y
P3Y
66000
70000
81000
8000
0.00
0.055
2300000
2400000
382000
382000
364000
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">2. Local exemption rules applied by subsidiaries of the Group</font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">Affimed GmbH, Heidelberg, Germany, makes use of the exemption clause, available under § 264 (3) HGB in 2020. The consolidated financial statements of Affimed N.V. as of and for the year ended 31 December 2020 will be filed in Germany as a supplement to the financial statements of Affimed GmbH, in order to meet the requirements of the exemption clause available under § 264 (3) HGB in 2020.</font>
</p><div /></div> </div>
56531000
122322000
59000000
P3M
5677000
11155000
19795
1624351
0
0
240000
3
199200000
296000
233700000
803000
198400000
234600000
0
1300000
900000
0.10
1.00
1400000
861000
0
0
5000
0
9000
20000
11000
0
9000
26000
21000
1000
2000
8000
0
15000
10000
8000
7000
16000
14000
0
<div> <div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Interest SVB Loan Agreement (see note 21)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (95)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (483)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (847)</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Foreign exchange differences</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (6,693)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (175)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 651</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Interest on certificates of deposit with maturities of more than three months </font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 186</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 602</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 5</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Other finance income/finance costs—net</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (45)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 71</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 251</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> (6,647)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 15</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 60</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt 0pt 8pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
133000
2.00
2.50
6.00
6.00
3200000
20000000
<div> <div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Short-term employee benefits</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,936</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,598</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,683</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Termination benefits</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 264</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Share-based payments</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,848</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,738</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,229</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 4,784</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 4,600</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 3,912</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt 0pt 8pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="top" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Wages and salaries</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 15,081</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 11,587</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 10,027</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Social security costs</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,847</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,620</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,092</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 16,928</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 13,207</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 11,119</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt 0pt 8pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.02%;">
<tr>
<td valign="bottom" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="bottom" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">CZK or USD</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">CZK or USD or</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">CZK or USD or</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">or GBP/EUR</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">GBP/EUR</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">GBP/EUR</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">CZK—Average Rate</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.03780</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.03896</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.03899</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">CZK—Spot rate</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.03811</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.03936</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.03887</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">USD—Average Rate</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.87550</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.89326</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.84674</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">USD—Spot rate</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.81493</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.89015</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.87336</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">GBP—Average Rate</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1.12397</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1.1393</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1.13031</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">GBP—Spot rate</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1.11231</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1.1754</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1.11791</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt 0pt 8pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="top" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Personnel expenses</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 6,319</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 5,358</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 4,929</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Legal, consulting and audit expenses</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 5,601</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 3,055</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,881</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Other expenses</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,795</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,853</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,828</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 13,715</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 10,266</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 9,638</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt 0pt 8pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Loss before tax</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (41,365)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (32,361)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (19,476)</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Income tax benefit at tax rate of 29.825 %</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 12,337</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 9,652</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 5,809</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Adjustments of deferred tax assets</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (11,196)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (9,822)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (5,318)</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Adjustments for local tax rates</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (41)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 5</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (34)</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Non-deductible expenses</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (803)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (72)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (515)</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Other</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (298)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 233</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 57</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Income taxes</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
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<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> (1)</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
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<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> (4)</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
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<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> (1)</font></p>
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<p style="margin:0pt 0pt 8pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
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<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
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<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
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<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
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<p style="margin:0pt 0pt 0.05pt 7.2pt;text-indent: -7.2pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Standard/interpretation</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Effective Date(1)</font></p>
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<p style="margin:0pt 0pt 0.05pt 7.2pt;text-indent: -7.2pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to References to the Conceptional Framework</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2020</font></p>
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<p style="margin:0pt 0pt 0.05pt 7.2pt;text-indent: -7.2pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IAS 1 and IAS 8: Definition of Material</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2020</font></p>
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<p style="margin:0pt 0pt 0.05pt 7.2pt;text-indent: -7.2pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IFRS 9, IAS 39 and IFRS 7:</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
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<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
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<p style="margin:0pt 0pt 0.05pt 7.2pt;text-indent: -7.2pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Interest Rate Benchmark Reform</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2020</font></p>
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<p style="margin:0pt 0pt 0.05pt 7.2pt;text-indent: -7.2pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IFRS 3 Business Combination</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2020</font></p>
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<p style="margin:0pt 0pt 0.05pt 7.2pt;text-indent: -7.2pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendment to IFRS 16 Leases Covid 19-Related Rent Concessions</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">June 1, 2020</font></p>
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</table></div>
<div><hr style="border-width:0;width:25%;height:1pt;color:black;background-color:black;" align="left"></hr></div>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">(1) Shall apply for periods beginning on or after the date shown in the effective date column.</font>
</p><div /></div> </div>
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<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
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<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
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<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Standard/interpretation</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Effective Date(1)</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IAS 1 Presentation of Financial Statements:</font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Classification of Liabilities as Current or Non-current </font></p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2023</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IFRS 3 Business Combinations</font></p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2022</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IAS 16 Property, Plant and Equipment</font></p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2022</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to AS 37 Provisions, Contingent Liabilities and Contingent Assets</font></p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2022</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Annual Improvements 2018-2020</font></p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2022</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and I FRS 16 Interest Rate Benchmark Reform—Phase 2 </font></p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2021</font></p>
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<div><hr style="border-width:0;width:25%;height:1pt;color:black;background-color:black;" align="left"></hr></div>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">(1) Shall apply for periods beginning on or after the date shown in the effective date column.</font>
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<font style="display:inline;font-size:1pt;"> </font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
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<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Outstanding balances</font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
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<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">December 31, </font></p>
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<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">December 31, </font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
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<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
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<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Adi Hoess</font></p>
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<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 5</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Wolfgang Fischer</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Thomas Hecht</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 16</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 26</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Mathieu Simon</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 7</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 9</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Berndt Modig</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 9</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Ferdinand Verdonck</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 10</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 11</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Ulrich Grau</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 14</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 21</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Bernhard Ehmer</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 15</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 20</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Harry Welten</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 8</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Annalisa Jenkins</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 8</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt 0pt 8pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:61.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="top" style="width:61.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Third-party services</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 29,324</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 27,338</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 22,126</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Personnel expenses</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 13,638</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 10,154</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 8,055</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Legal, consulting and patent expenses</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,380</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,983</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,672</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Cost of materials</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,730</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,547</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,140</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amortisation and depreciation</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 834</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 725</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 351</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Other expenses</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,083</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,044</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,804</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 49,989</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 43,791</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 35,148</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt 0pt 8pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
34000
-5000
41000
2000000000
5000000000
50000000
75000000
133000
164000
P15D
false
--12-31
true
FY
2020
2020-12-31
false
false
false
20-F
0001608390
98287333
Yes
false
Accelerated Filer
No
Affimed N.V.
false
No
No
true
Common shares, nominal value €0.01 per share
NASDAQ
AFMD
492000
492000
0
693000
676000
0
17000
-19000
-36000
50000
121000
340000
-1260000
-322000
33000
-1065000
403000
906000
1115000
60000
15000
-6647000
-25000
5000
-34000
1000
4000
1000
66856000
-791000
12848000
2035000
2469000
3381000
0.29825
112359000
175725000
0.03899
1.13031
0.84674
0.03896
1.13930
0.89326
0.03780
1.12397
0.87550
-0.32
-0.50
-0.50
325000
68000
2500000
562000
368000
10000000
323000
10000000
7500000
7500000
10000000
0.055
270451000
345164000
39837000
94829000
94829000
95234000
95234000
95234000
95200000
146854000
146854000
146900000
20495000
26038000
69252000
-15610000
4340000
8006000
49438000
-29056000
-19400000
49563000
-29460000
-19615000
-17073000
-29006000
-30188000
495000
625000
0.03887
1.11791
0.87336
0.03936
1.17540
0.89015
0.03811
1.11231
0.81493
-24208000
-32997000
-41608000
59314000
91041000
105914000
150799000
2105000
92000
21353000
55049000
8902000
0
532000
492000
35181000
67027000
91000
92000
500000
2022-01-01
2022-01-01
2020-01-01
2023-01-01
2020-01-01
2022-01-01
2020-01-01
2021-01-01
2020-01-01
2020-06-01
2022-01-01
0
70000
23000
243000
283000
121000
556000
61000
7000
463000
303000
194000
5318000
9822000
11196000
308000
226000
1218000
0
0
0
280000
1146000
60000
316000
384000
371000
13000
577000
568000
7000
2000
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Loss per share</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Loss per common share is calculated by dividing the loss for the period by the weighted average number of common shares outstanding during the period.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group has granted warrants under certain loan agreements (see note 21) and options under share-based payment programs (see note 19) which potentially have a dilutive effect; no instruments actually had a dilutive effect.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Employee benefits</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (i)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Short-term employee benefits</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">A liability is recognized for the amount expected to be paid under a short-term cash bonus, if (a) the Group has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee, and (b) the obligation can be estimated reliably.</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (ii)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Share-based payment transactions</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group’s share-based payment awards outstanding as of December 31, 2019 and 2020, are classified as equity-settled share-based plans. The fair value of share-based equity-settled awards granted to employees is measured at grant date and compensation cost is recognized over the vesting period with a corresponding increase in equity. Share-based payment awards with non-employees are measured and recognized when services are received. Fair value is estimated using the Black-Scholes-Merton formula. The formula determines the value of an option based on input parameters like the value of the underlying instrument, the exercise price, the expected volatility of share price returns, dividends, the risk-free interest rate, the expected forfeiture rate and the time to maturity of the option. The number of stock options expected to vest is estimated at each measurement date.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">(iii)<font style="display:inline;font-family:Arial,Helvetica,sans-serif;;font-size: 10pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font>Termination benefits</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Termination benefits are expensed when the Group can no longer withdraw the offer of those benefits. If benefits are not expected to be settled wholly within 12 months of the reporting date, then they are discounted.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Fair Value Measurement</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">All assets and liabilities for which fair value is recognized in the consolidated financial statements are </font><font style="display:inline;">classified </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">in accordance with the following fair value hierarchy, based on the lowest level input parameter that is significant on the whole for fair value measurement:</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt;">
<font style="margin:0pt;font-family:Symbol;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> ·</font>
</p>
</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Level 1—Prices for identical assets or liabilities quoted in active markets (non-adjusted)</font></p></td></tr></table></div>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt;">
<font style="margin:0pt;font-family:Symbol;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> ·</font>
</p>
</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Level 2—Measurement procedures, in which the lowest level input parameter significant on the whole for fair value measurement is directly or indirectly observable for on the market</font></p></td></tr></table></div>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Symbol;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> ·</font>
</p>
</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Level 3—Measurement procedures, in which the lowest level input parameter significant on the whole for fair value measurement is not directly or indirectly observable for on the market</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The carrying amount of all trade and other receivables, other assets, certificates of deposit, cash and cash equivalents and trade and other payables is a reasonable approximation of the fair value and therefore information about the fair values of those financial instruments has not been disclosed. The measurement of the fair value of the shares held by the group is based on level 3 measurement procedures (see note 14).</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Finance income and finance costs</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Finance income comprises interest income from interest bearing bank deposits. Interest income is recognized as it accrues using the effective interest method.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Finance costs comprise primarily interest expense on borrowings.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Financial instruments</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (i)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Non-derivative financial assets</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">The Group’s non-derivative financial assets include shares, </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">trade and other receivables, other assets and cash and cash equivalents and certificates of deposit at banks with original maturities of more than three months.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Those debt instruments are held to collect solely payments of principal and interest. They are included in current assets and are subsequently carried at amortized cost.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Cash and cash equivalents comprise cash balances and call deposits with original maturities of three months or less.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group holds </font><font style="display:inline;">preferred shares in Amphivena Therapeutics Inc., USA, and common shares in Roivant Ltd, USA, </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">designated at fair value through other comprehensive income (see note 14).</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (ii)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Non-derivative financial liabilities</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group’s classes of financial liabilities are borrowings and trade and other payables. The Group initially recognizes non-derivative financial liabilities on the date that they are originated and measures them at amortized cost using the effective interest rate method. The Group derecognizes a financial liability when its contractual obligations are discharged, cancelled or expire.</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (iii)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Compound financial instruments</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group entered into certain loan agreements pursuant to which it issued warrants to purchase common shares of the Group at the option of the respective holders (for warrants issued to SVB see note 21). The number of shares to be issued does not vary with changes in their fair value.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The liability component of the loans was recognized initially at the fair value of a similar liability without a warrant. The equity component was recognized initially at the difference between the fair value of the compound financial instrument as a whole and the fair value of the liability component. Subsequent to initial recognition, the liability component is measured at amortized cost using the effective interest method. The equity component is not re-measured subsequent to initial recognition.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">As of December 31, 2020 the loan was fully repaid.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Government grants</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group receives certain government grants that support its research effort in specific projects. </font><font style="display:inline;">These grants are generally provided in the form of reimbursement of approved costs incurred as defined in the respective grants.</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;"> Income in respect of grants also includes contributions towards the costs of research and development. Income is recognized when costs under each grant are incurred in accordance with the terms and conditions of the grant and the collectability of the receivable is reasonably assured.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Government grants relating to costs are deferred and recognized in the income statement over the period necessary to match them with the costs they are intended to compensate. When the cash in relation to recognized government grants is not yet received the amount is included as a receivable on the statement of financial position.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group recognizes income from government grants under ‘Other income—net’ in the consolidated statement of comprehensive loss.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Impairment</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (i)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Trade and other receivables</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Trade and other receivables at amortized cost are subject to the expected credit loss model according to IFRS 9. The Group’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also considers the factors that may influence the credit risk of its customer base, including the default risk associated with the industry and country in which customers operate.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Affimed determines the counterparties’ lifetime expected credit losses that result from all possible default events over the expected life of a financial instrument based on an estimated rating and corresponding probability of default rates according to the Bloomberg database.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In addition, trade and other receivables are assessed at each reporting date to determine whether there is objective evidence that they are impaired. Trade or other receivables are impaired if objective evidence indicates that a loss event has occurred after the initial recognition of the receivable, and such loss event had a negative effect on the estimated future cash flows of that receivable that can be estimated reliably. Loss events include indications that a debtor is experiencing significant financial difficulty, default or delinquency in interest or principal payments, the probability that they will enter bankruptcy or other financial reorganization.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">All receivables are assessed for specific impairment. Losses are recognized in profit or loss and reflected in an allowance account against receivables. When a subsequent event causes the amount of impairment loss to decrease, the decrease in impairment loss is reversed through profit or loss. No impairments or reversals of impairments were recognized in 2018, 2019 or 2020.</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (ii)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Intangible assets and leasehold improvements and equipment</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Intangible assets that are acquired by the Group and have finite useful lives are measured at cost less accumulated amortization and any accumulated impairment losses. Items of property, plant and equipment are measured at cost, which includes capitalized borrowing costs, less accumulated depreciation and any accumulated impairment losses.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Amortization and depreciation is calculated using the straight-line method over the estimated useful lives, and is recognized in profit or loss. Depreciation and amortization methods and useful lives are reviewed at each reporting date and adjusted if appropriate.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Assets that are subject to depreciation or amortization are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount may not be recoverable. An impairment loss is recognized as the amount by which an asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs of disposal and value in use. Non- financial assets that were previously impaired are reviewed for possible reversal of the impairment at each reporting date.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Income taxes</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Income taxes comprise current and deferred tax. Current and deferred taxes are recognized in profit or loss except to the extent that it relates to items recognized directly in equity or in other comprehensive loss.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and adjustments to taxes payable in respect of previous years.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for temporary differences associated with assets and liabilities if the transaction which led to their initial recognition is a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Deferred tax is measured at tax rates that are expected to be applied to temporary differences when they reverse, based on the laws that have been enacted or substantively enacted by the reporting date.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Deferred tax assets and liabilities are presented net if there is a legally enforceable right to offset.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">A deferred tax asset is recognized for unused tax losses, tax credits and deductible temporary differences, to the extent that it is probable that future taxable profits will be available against which they can be utilized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized.</font>
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<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;">Leases</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-style:italic;">Policy applicable from 1 January 2019</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">Affimed recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred. Subsequently, the right-of-use asset is depreciated using the straight-line method from the commencement date to the end of the lease term. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain re-measurements of the lease liability.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, Affimed’s incremental borrowing rate. Generally, Affimed uses its incremental borrowing rate as the discount rate. </font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">The Group determines the incremental borrowing rate by obtaining interest rates from various external financing sources and makes certain adjustments to reflect the terms of the lease and the type of the asset leased.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">The lease liability is subsequently measured at amortized cost using the effective interest method. It is re-measured when there is a change in future lease payments arising from a change in an index or rate, a change in the estimate of the amount expected to be payable under a residual value guarantee, or as appropriate, changes in the assessment of whether a purchase or extension option is reasonably certain to be exercised or a termination option is reasonably certain not to be exercised. </font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">Affimed has elected not to recognize right-of-use assets and lease liabilities for some short-term leases (leases with less than 12 months of lease term) and right-of-use assets and liabilities for leases of low value assets. Lease payments associated with these leases are recognized as an expense on a straight-line basis over the lease term. </font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-style:italic;">Policy applicable before 1 January 2019</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">Payments made under operating leases are recognized in profit or loss on a straight-line basis over the term of the lease. </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Revenue recognition</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group generates revenues from the provision of research and development services to third parties based on both Group and third party owned intellectual property. Such services are performed on a “best efforts” basis without a guarantee of technological or commercial success. For some research programs, Affimed entered into collaborations with other companies that provide the Group with funding or other resources such as access to technologies. From time to time, the Group also licenses its intellectual property to third parties who use it to develop product candidates.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">Collaboration and license agreements are evaluated to determine whether they involve multiple promises that represent separate performance obligations. </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Such agreements may comprise more than one research program, platform licenses or intellectual property </font><font style="display:inline;">licenses </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">originally generated by the Group. Usually each of those promises is considered to meet the </font><font style="display:inline;">definition</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;"> of a separate performance obligation.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">The total consideration is generally allocated to separate performance obligations based on relative stand-alone selling prices. Usually sales prices for research and development activities and licenses are not directly observable or highly variable across customers. Therefore, we use estimation techniques to determine stand-alone selling prices for such services and licenses. The stand-alone selling prices for research activities are determined based on an expected cost plus a margin approach. For licenses of intangible assets where little or no incremental costs are incurred in providing such licenses, a residual approach is used. </font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">Performance obligations from research programs are satisfied over time because the work performed by the Group either enhances a license that the customer already controls or because the work does not result in an asset with an alternative use for the Group due to contractual restrictions.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">Therefore, revenue for such performance obligations is recognized according to the stage of completion measured by reference to costs incurred in relation to anticipated total costs of the research program.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">Platform licenses or intellectual property licenses originally generated by the Group are recognized at a point in time if their nature is a right to use the intellectual property as it exists at the point in time at which the license is granted. This is usually the case when there is no significant continuing involvement by the Group. In these cases, revenue is recognized when control of the license is transferred. Control is considered to be transferred when the customer received all necessary documents and information to begin to use and benefit from the license.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">Platform licenses or intellectual property licenses originally generated by the Group are recognized over time if their nature is to access the intellectual property as it exists throughout the license period. This might be the case when there is significant continuing involvement by the Group. In these cases, revenue is recognized on a straight-line basis until the use of the license by the customer ends. </font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">Payments received from customers commonly include non-refundable upfront payments that are initially recognized as a contract liability, and subsequently recognized as revenue as the related performance obligation is fulfilled. The Group concluded that non-refundable upfront payments do not include financing components because the advance payments arise for reasons other than the provision of financing.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">In addition, payment terms may also include payments to be received from customers at a later point in time upon the achievement of certain milestones. </font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">Milestone payments are contingent upon the achievement of contractually stipulated targets. The achievement of these targets or milestones depends largely on meeting specific requirements laid out in the respective agreement. Milestone payments are included in the transaction price when it is highly probable that a significant reversal of revenue recognized will not occur when the uncertainty associated with the milestone is subsequently resolved. In the Group’s view, uncertainty is sufficiently resolved only when the milestone is reached. Reaching a milestone will result in a cumulative catch up of revenue for the performance to date.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">The Group distinguishes development and registration milestones and sales-based milestones. Whereas development and registration milestone payments are generally recognized on reaching the defined milestones, revenues for sales-based milestones are recognized on achievement of contractually stipulated underlying revenues.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Research and development</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">Costs incurred related to research activities are expensed in the period when they are incurred. Costs incurred on development projects are recognized as intangible assets beginning on the date it can be established that it is probable that future economic benefits attributable to the asset will flow to the Group considering its technological and commercial feasibility. Given the current stage of the development of the Group’s candidates and technologies, no development expenditures have been capitalized in any of the periods presented in these consolidated financial statements. Intellectual property-related costs for patents are part of the expenditure for the research and development projects. Therefore, registration costs for patents are recognized as expensed when incurred as long as the research and development project concerned does not meet the criteria for capitalization.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">New standards and interpretations not yet adopted</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The following new standards and amendments to standards are effective for annual periods beginning after December 31, 2020 and have not been applied in preparing these consolidated financial statements.</font>
</p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Standard/interpretation</font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Effective Date(1)</font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IAS 1 Presentation of Financial Statements:</font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Classification of Liabilities as Current or Non-current </font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2023</font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IFRS 3 Business Combinations</font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2022</font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IAS 16 Property, Plant and Equipment</font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2022</font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to AS 37 Provisions, Contingent Liabilities and Contingent Assets</font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2022</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Annual Improvements 2018-2020</font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2022</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and I FRS 16 Interest Rate Benchmark Reform—Phase 2 </font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2021</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:25%;height:1pt;color:black;background-color:black;" align="left"></hr></div>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">(1) Shall apply for periods beginning on or after the date shown in the effective date column.</font>
</p>
<p style="margin:0pt 0pt 8pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The amended standards are not expected to have a significant effect on the consolidated financial statements of the Group.</font>
</p><div /></div> </div>
0.82
0.93
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">New standards and interpretations applied for the first time</font>
</p>
<p style="margin:0pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The following amendments to standards and new or amended interpretations are effective for annual periods beginning on or before January 1, 2020, and have been applied in preparing these financial statements:</font>
</p>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt 7.2pt;text-indent: -7.2pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Standard/interpretation</font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Effective Date(1)</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt 7.2pt;text-indent: -7.2pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to References to the Conceptional Framework</font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2020</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt 7.2pt;text-indent: -7.2pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IAS 1 and IAS 8: Definition of Material</font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2020</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt 7.2pt;text-indent: -7.2pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IFRS 9, IAS 39 and IFRS 7:</font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt 7.2pt;text-indent: -7.2pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Interest Rate Benchmark Reform</font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2020</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt 7.2pt;text-indent: -7.2pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IFRS 3 Business Combination</font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2020</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt 7.2pt;text-indent: -7.2pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendment to IFRS 16 Leases Covid 19-Related Rent Concessions</font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">June 1, 2020</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:25%;height:1pt;color:black;background-color:black;" align="left"></hr></div>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">(1) Shall apply for periods beginning on or after the date shown in the effective date column.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-indent:18pt;text-align:left;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">None of the amendments to standards and new or amended interpretations had a material effect on the consolidated financial statements.</font>
</p><div /></div> </div>
2
5.9
5.9
0.0209
0.0089
0
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Critical judgments and accounting estimates</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The preparation of the consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;color:#000000;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In preparing these financial statements, the critical judgments made by management in applying the Group’s accounting policies resulted in the following accounting estimates</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">:</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (i)</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Share-based payments</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The fair value of stock options issued by Affimed N.V. is estimated using the Black-Scholes-Merton formula. The formula determines the value of an option based on input parameters like the value of the underlying instrument, the exercise price, the expected volatility of share price returns, dividends, the risk-free interest rate and the time to maturity of the option. The fair value of share-based equity-settled compensation plans is measured at grant date and compensation cost is recognized over the vesting period with a corresponding increase in equity. The number of stock options expected to vest is estimated at each measurement date.</font>
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<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">On April 20, 2018, Affimed issued 240,000 options under its share-based-payment program, the vesting of which deviates from the standard 3 year vesting scheme and depends upon a market parameter, which is the average price of Affimed shares during a certain period of time as described in note 19. Incorporating the market condition in the fair value estimate requires the use of a simulation technique (Monte Carlo simulation), which implies a higher uncertainty with regard to the estimated fair value. The Group determined the fair value of the awards at grant date to be €133.</font>
</p>
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<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (ii)</font>
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<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Revenue recognition</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;font-family:Arial,Helvetica,sans-serif;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">The Group’s contracts with customers contain multiple performance obligations. Judgment is required in determining whether a good or service is considered a separate performance obligation. If standalone selling prices are not directly observable, the Group allocates the transaction price to the performance obligations by reference to the expected cost plus a margin. In doing so, observable input data such as internal project plans and margins are used.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Elements of consideration in collaboration and license agreements are non-refundable up-front research funding payments, technology access fees and milestone payments. Generally, the Group has continuing performance obligations and therefore up-front payments are initially recognized as a contract liability, and the related revenues are subsequently recognized as the related performance obligation is fulfilled. Technology access fees are generally initially recognized as a contract liability and subsequently recognized over the expected term of the research service agreement on a straight-line basis.</font>
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<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group estimates that the achievement of a milestone reflects a stage of completion under the terms of the agreements and recognizes revenue when a milestone is achieved as then the uncertainty is resolved. If the research service is cancelled due to technical failure, the remaining contract liability from non-refundable upfront payments, if any, is recognized as revenue.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The determination of whether a performance obligation is satisfied at a point in time versus over time might also require judgment.</font>
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<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (iii)</font>
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<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Accrued expenses</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group obtains services from third parties who do not always invoice their (partial) performance as per the balance sheet date. If the Group is not invoiced or otherwise notified of the actual accrued cost for the services as of the reporting date, the amount of the services performed as of the balance sheet date has to be estimated. For this purpose, the Group periodically confirms the accuracy of its estimates with the service providers.</font>
</p>
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<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (iv)</font>
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<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Financial instruments</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">The Group owns preferred shares in Amphivena Therapeutics Inc. (“Amphivena”) and common shares in Roivant Sciences Ltd. (“Roivant”) classified as long-term financial assets and classifies them as equity instruments at fair value through other comprehensive income. As neither Amphivena nor Roivant are public companies, substantial judgment was required in estimating the fair values as at December 31, 2020 (see note 14).</font>
</p>
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<font style="display:inline;">For the valuation of the shares of Amphivena, the Group based its estimate primarily on observable financing round valuations and considered certain other publicly available information as well as relevant qualitative information provided by Amphivena as of the respective valuation dates (level 3). </font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">The fair value of the shares in Roivant was based on an observable financing round valuation, which was adjusted as of the respective valuation dates considering certain assumptions such as the development of quoted market prices of peer companies and other publicly available information as well as quantitative and qualitative information provided by Roivant (level 3).</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (v)</font>
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<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;color:#000000;">Lease payments</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">Affimed has applied judgement to determine the lease term for some lease contracts in which it is a lessee that include renewal options. The assessment of whether Affimed is reasonably certain to exercise such options impacts the lease term, which significantly affects the amount of lease liabilities and right-of-use assets recognized. As at December 31, 2020, no renewal options were incorporated into the determining the lease term.</font>
</p>
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<p style="font-family:Arial,Helvetica,sans-serif;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (vi)</font>
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<p style="font-family:Arial,Helvetica,sans-serif;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Provisions</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">In the second quarter of 2019, Affimed decided to terminate the Phase 1 clinical program of AFM11, a CD19/CD3-targeting bispecific T cell engager as a part of its strategic plans (see note 20).</font>
</p>
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<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (vii)</font>
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<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;color:#000000;">Intangible assets</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">In December 2020 the group has recognized a license with acquisition cost of €1,649.</font>
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<font style="display:inline;">The useful life was estimated at 19 years being the current expected period in which the license will be used, i.e. until the expiration of the patents covered by the license.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;">3. Basis of preparation—consolidated financial statements</font>
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<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Statement of compliance</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IFRS).</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The consolidated financial statements were authorized for issuance by the management board on April 15, 2021.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Basis of measurement</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The consolidated financial statements have been prepared on the historical cost basis except for financial instruments measured at fair value (see note 14) and monetary assets and liabilities denominated in foreign currencies which are remeasured at period-end exchange rates. The Group did not opt for a valuation of liabilities at fair value through profit or loss.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Consolidation</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group controls an entity when it has power over the investee, is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. A subsidiary is consolidated from the date on which control is obtained by the Group. It is de-consolidated from the date control ceases.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Intercompany transactions, balances and unrealized gains/losses on transactions between group companies are eliminated.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Functional and presentation currency</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The consolidated financial statements are presented in euro. The functional currency of the Group’s subsidiaries is also the euro. All financial information presented in euro unless otherwise noted has been rounded to the nearest thousand (abbreviated €) or million (abbreviated € million).</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Presentation of consolidated statements of comprehensive loss</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">As a clinical-stage biopharmaceutical company with a primary focus on research and development activities, cost of sales and gross profit are not considered meaningful measures for Affimed and therefore are not presented. </font><font style="display:inline;">See note 4 for the Group’s accounting policies related to revenue recognition and research and development expenses.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Foreign currency transactions</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Transactions denominated in currencies other than the euro are translated at exchange rates at the date of the transaction. Monetary assets and liabilities denominated in currencies other than the euro are translated at the exchange rate at the date of the consolidated statement of financial position.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The foreign currency gain or loss on monetary items is the difference between amortized cost in the functional currency at the beginning of the period, adjusted for effective interest and payments during the period, and the amortized cost in foreign currency translated at the exchange rate at the end of the reporting period.</font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Foreign currency gains or losses that relate to borrowings, cash and cash equivalents and financial assets, except for financial instruments at fair value through other comprehensive income are presented in the statement of comprehensive loss within ‘Finance income / (costs)—net’. All other foreign exchange gains and losses are presented in the statement of comprehensive loss within ‘Other income—net’.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">21. Borrowings</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Silicon Valley Bank</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">On November 30, 2016, Affimed entered into a loan agreement with Silicon Valley Bank (the “SVB loan”) for an initial tranche of €5.0 million and a second tranche drawn in May 2017 of €2.5 million.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Finance costs comprised the interest rate of one-month EURIBOR plus an applicable margin of 5.5%, with a floor of 5.5%, related one-time legal and arrangement fees of €236 and a final payment fee equal to 10% of the total principal amount to be paid with the last instalment. Pursuant to the loan agreement, the Group also granted the lender 166,297 and 53,395 warrants with an exercise price of $2.00 and $2.30 per share, respectively. Each warrant can be used to purchase common shares of Affimed at the respective exercise price for a period of ten years from the grant date. The fair value of the warrants of €192 less deferred taxes and transaction costs of €81 and €8, respectively, was recorded as an addition to capital reserves in equity.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The loan was secured by a pledge of 100% of the Group’s ownership interest in Affimed GmbH, all intercompany claims owed to Affimed N.V. by its subsidiaries, and collateral agreements for all bank accounts, inventory, trade receivables and other receivables of Affimed N.V. and Affimed GmbH.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">As of December 31, 2020, the loan was fully repaid.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;">UniCredit Leasing CZ</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In April 2019, the Group entered into a loan agreement with UniCredit Leasing CZ for €562. After an initial instalment of €127 in the second quarter of 2019, repayment is effected in monthly instalments of €8. In May 2020, an interest-only-period for 6 months was agreed, extending repayment for 6 months until May 2024. As at December 31, 2020, an amount of €323 (December 31, 2019: €368) was outstanding, of which €92 (December 31, 2019: €91) was classified as current liabilities. As of December 31, 2020 and December 31, 2019, the fair value of the liability did not differ significantly from its carrying amount.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;">Reconciliation to cash flows from financing</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">Movements of liabilities reconcile to cash flows arising from financing activities as follows:</font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;overflow: hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;overflow: hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;overflow: hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;overflow: hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;overflow: hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Balance as of January 1</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,383</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 4,773</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Changes from financing cash flows</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Proceeds from borrowings</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 562</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Repayment of borrowings</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (2,128)</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (3,277)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> (2,128)</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> (2,715)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Other Changes</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Changes in capitalized borrowing costs, net </font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 68</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 325</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 68</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 325</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Balance as of December 31</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 323</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,383</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 1pt;">
<font style="display:inline;font-size:1pt;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">24. Other commitments and contingencies</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-weight:normal;">Commitments</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:normal;">The Group has entered into agreements for the use of licenses. The fees recognized in the consolidated statement of comprehensive income for 2020, 2019 and 2018, as well as future related payment obligations under any non-cancellable fees</font><font style="display:inline;"> </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:normal;">are not considered material.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-weight:normal;">Contingencies</font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Affimed has entered into various license agreements that contingently trigger payments upon achievement of certain milestones and royalty payments upon commercialization of a product in the future.</font>
</p><div /></div> </div>
<div> <div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:66.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:14.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:14.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:66.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:14.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">December 31, 2020</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:14.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">December 31, 2019</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:66.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Receivables</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:14.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:14.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 204</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:66.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Contract liabilities</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:14.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 91,041</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:14.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 59,314</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt 0pt 8pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="top" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Major service lines:</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Collaboration revenue</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 27,755</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 19,685</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 22,018</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Service revenue</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 605</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,706</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,717</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 28,360</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 21,391</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 23,735</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Revenue:</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Point in time</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 9,180</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 5,783</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 21,863</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Over time</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 19,180</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 15,608</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,872</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 28,360</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 21,391</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 23,735</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt 0pt 8pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">10. Employee benefits</font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The following table shows the items of employee benefits for the years ended December 31:</font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="top" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Wages and salaries</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 15,081</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 11,587</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 10,027</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Social security costs</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,847</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,620</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,092</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 16,928</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 13,207</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 11,119</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:107.08%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The employer’s contributions to pension insurance plans of €795 (2019: €696, 2018: €502) are classified as payments under a defined contribution plan, and are recognized as an expense.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">27. Subsequent events</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In January 2021, the Group entered into a loan agreement with Silicon Valley Bank German Branch (SVB) which provides Affimed with up to €25 million in term loans in three tranches: €10 million available at closing, an additional €7.5 million upon the achievement of certain conditions, including milestones related to Affimed’s pipeline and market capitalization, and a third tranche of €7.5 million upon the achievement of certain additional conditions related to Affimed’s pipeline and liquidity. The first tranche of €10 million was drawn in February 2021. Pursuant to the terms of the agreement, the loans will bear interest at the greater of the European Central Bank Base Rate and 0%, plus 5.5%, and Affimed is entitled to make interest only payments through December 1, 2022, or June 1, 2023 if Affimed draws on the third tranche of the loans. The loans will mature at the end of November 2025.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">On January 15, 2021 the Group issued 19,166,667 common shares at a price of $6.00 per share in a public offering and achieved gross proceeds before deducting underwriting discounts and commissions and estimated expenses of the offering of $115 million.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In the first quarter of 2021, based upon information available as of the date of this filing, including information regarding the share prices of publicly listed companies, we expect, on a preliminary basis, that the value of our investment in Roivant will decline by between $2.5 million and $3.5 million, before the impact of foreign exchange fluctuations. This estimate is subject to change based upon the completion of our procedures related to valuation of the investment.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">11. Finance income and finance costs</font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The following table shows the items of finance income and costs for the years ended December 31:</font>
</p>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Interest SVB Loan Agreement (see note 21)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (95)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (483)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (847)</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Foreign exchange differences</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (6,693)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (175)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 651</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Interest on certificates of deposit with maturities of more than three months </font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 186</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 602</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 5</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Other finance income/finance costs—net</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (45)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 71</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 251</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> (6,647)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 15</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 60</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 1pt;">
<font style="display:inline;font-size:1pt;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">15. Financial assets</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The financial assets consist of U.S. Dollar denominated certificates of deposit with original maturities of more than three months. As of December 31, 2020, no term deposits were held; for 2019, the fair value (level 1) of the financial assets did not differ significantly from their carrying amount.</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">26. Financial risk management</font>
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<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (i)</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Financial risk management objectives and policies</font></p></td></tr></table></div>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group’s principal financial instruments comprise cash and cash equivalents, certificates of deposit at commercial banks, warrants and investor loans presented in borrowings. The main purpose of these financial instruments is to raise funds for the Group's operations. The Group has various other financial assets and liabilities such as trade and other receivables and trade and other payables, which arise directly from its operations.</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The main risks arising from the Group's financial instruments are credit risk, interest rate risk, liquidity risk and foreign currency risk. The measures taken by management to manage each of these risks are summarized below.</font>
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<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (ii)</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Credit risk</font></p></td></tr></table></div>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group’s financial assets comprise to a large extent cash and cash equivalents. In addition, financial assets include shares, certificates of deposit, trade and other receivables. The total carrying amount of shares (€20.0 million, 2019: €3.2 million) cash and cash equivalents (€146.9 million, 2019: € 95.2 million), trade and other receivables (€2.4 million, 2019: €1.5 million), and certificates of deposit (€0.0 million, 2019: €8.9 million), represents the maximum credit exposure of €169.3 million (2019: €108.8 million).</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The cash and cash equivalents and certificates of deposit are held with banks, which are rated BBB+ to AA- based on Standard & Poor’s and Moody’s.</font>
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<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (iii)</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Interest rate risk</font></p></td></tr></table></div>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group’s interest rate risk arises from cash accounts.</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Market interest</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> rates on cash and cash equivalents as well as on term deposits </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">were</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> low, and</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;"> in some cases negative,</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> resulting in interest income of </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">€186</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> in 2020. </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">A shift in interest rates (increase or decrease) could potentially have a material impact on the loss of the Group.</font>
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<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (iv)</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Other price risks</font></p></td></tr></table></div>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The fair value of the shares in Amphivena and Roivant depends on the estimated share price. The total exposure of the Group amounts to €20.0 million.</font>
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<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (v)</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Foreign currency risk</font></p></td></tr></table></div>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Foreign exchange risk arises when future commercial transactions or recognized assets or liabilities are denominated in a currency that is not the entity’s functional currency.</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group’s entities are exposed to Czech Koruna (CZK) and US Dollars (USD) and British Pound (GBP). The net exposure as of December 31, 2020 was €122,322 (2019: €56,531) and mainly relates to US Dollars.</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In 2020, if the Euro had weakened/strengthened by 10% against the US dollar with all other variables held constant, the loss would have been €11,155 (2019: €5,677) higher/lower, mainly as a result of foreign exchange gains/losses on </font><font style="display:inline;">remeasurement</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;"> of US dollar-denominated financial assets. The Group considers a shift in the exchange rates of 10% as a realistic scenario.</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Loss is more sensitive to movement in exchange rates shifts in 2020 than in 2019 because of the increased volume of US dollar-denominated transactions.</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The following significant exchange rates have been applied during the year:</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">CZK or USD</font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">CZK or USD or</font></p>
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<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">CZK or USD or</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">or GBP/EUR</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">GBP/EUR</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">GBP/EUR</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">CZK—Average Rate</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.03780</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.03896</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.03899</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">CZK—Spot rate</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.03811</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.03936</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.03887</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">USD—Average Rate</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.87550</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.89326</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.84674</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">USD—Spot rate</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.81493</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.89015</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.87336</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">GBP—Average Rate</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1.12397</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1.1393</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1.13031</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:59.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">GBP—Spot rate</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:10.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1.11231</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1.1754</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1.11791</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:107.08%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (vi)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Liquidity risk</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Liquidity risk is the risk that the Group will encounter difficulties in meeting the obligations associated with its financial liabilities which are normally settled by delivering cash. The Group’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group continually monitors its risk of a shortage of funds using short and mid-term liquidity planning. This takes account of the expected cash flows from all activities. The supervisory board undertakes regular reviews of the budget.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In 2018 and 2019 and 2020, Affimed raised significant funding that it estimates will enable the Group to fund operating expenses and capital expenditure requirements at least into the second half of 2023.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In 2018, the Group issued 13,225,000 common shares in a public offering at a price of $2.00 per common share for net proceeds of approximately €19.7 million and 2,373,716 common shares in connection with its at-the-market sales agreement for net proceeds of €3.8 million.</font>
</p>
<p style="margin:0pt 0pt 8pt;text-indent:18pt;text-align:left;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In 2019, the Group issued 13,800,000 common shares in a public offering at a price of $2.50 per common share resulting in aggregate net proceeds of €29.5 million.</font>
</p>
<p style="margin:0pt 0pt 8pt;text-indent:18pt;text-align:left;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In May 2020, the Company implemented an at-the-market (“ATM”) program providing for the sales over time of up to $50,000,000 of its common shares. The Company issued approximately 12.5 million common shares under this ATM program, generating net proceeds of approximately €34.5 million.</font>
</p>
<p style="margin:0pt 0pt 8pt;text-indent:18pt;text-align:left;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In November 2020, the Company implemented a new ATM program providing for additional sales over time of up to $75,000,000 of common shares. As of December 31, 2020 the Company had issued a further approximately 7.9 million shares, generating further approximate €34.5 million in net proceeds.</font>
</p>
<p style="margin:0pt 0pt 8pt;text-indent:18pt;text-align:left;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In December 2020, Affimed filed a “shelf registration statement” with the SEC in order to offer and sell securities to the public in multiple, future offerings for up to $225,000,000.</font>
</p>
<p style="margin:0pt 0pt 8pt;text-indent:18pt;text-align:left;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">On January 15, 2021 the Group issued 19,166,667 common shares at a price of $6.00 per share in a public offering resulting in gross proceeds before deducting underwriting discounts and commissions and estimated expenses of the offering of $115 million.</font>
</p>
<p style="margin:0pt 0pt 8pt;text-indent:18pt;text-align:left;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In January 2021, the Group entered into a loan agreement with Sillicon Valley Bank for up to €25 million, of which the Group was drawn €10 million in February 2021.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group expects that further funding will be required to complete the development of the existing product candidates. Further, funding will also be required to commercialize the products if regulatory approval is received.</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (vii)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Capital management</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The primary objective of the Group’s capital management is to ensure that it maintains its liquidity in order to finance its operating activities and meet its liabilities when due.</font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group manages its capital structure primarily through equity.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">9. General and administrative expenses</font>
</p>
<p style="margin:0pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The following table shows the different types of expenses allocated to general and administrative costs for the years ended December 31:</font>
</p>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="top" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Personnel expenses</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 6,319</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 5,358</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 4,929</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Legal, consulting and audit expenses</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 5,601</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 3,055</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,881</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Other expenses</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,795</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,853</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,828</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 13,715</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 10,266</font></p>
</td>
<td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 9,638</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 1pt;">
<font style="display:inline;font-size:1pt;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">1. Reporting entity<a name="a1Reportingentity_514365"></a></font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Affimed N.V. is a Dutch company with limited liability (</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-style:italic;">naamloze vennootschap</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">) and has its corporate seat in Amsterdam, the Netherlands.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The consolidated financial statements are comprised of Affimed N.V., and its controlled (and wholly owned) subsidiaries Affimed GmbH, Heidelberg, Germany, AbCheck s.r.o., Plzen, Czech Republic, Affimed Inc., Delaware, USA and AbCheck Inc., Delaware, USA (together “Affimed” or the “Group”).</font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Affimed is a clinical-stage biopharmaceutical company focused on discovering and developing highly targeted cancer immunotherapies. The Group’s product candidates are developed in the field of immuno-oncology, which represents an innovative approach to cancer treatment that seeks to harness the body’s own immune defenses to fight tumor cells. Affimed has its own research and development programs, strategic collaborations and service contracts, where the Group is performing research services for third parties.</font>
</p><div /></div> </div>
<div> <div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Revenue:</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Germany</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 194</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 31</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Europe</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,646</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,175</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">USA</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 28,164</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 19,745</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 22,529</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 28,360</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 21,391</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 23,735</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Non-current assets as of December 31:</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Germany</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 3,796</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,017</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,224</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Czech Republic</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 914</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 870</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 246</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">USA</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 20,216</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 3,558</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 3,825</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 24,926</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 6,445</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 5,295</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt 0pt 8pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">12. Income taxes</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group did not incur any material income tax in the periods presented. As of December 31, 2020, deferred tax assets from differences resulting from intangible assets (€303; 2019: €283 trade and other receivables (€463; 2019: €243), borrowings (€61; 2019: €70), lease liabilities (€194; 2019: €121), trade and other payables (€7; 2019: €23) and contract liabilities (€556; 2019: €0) have not been recognized as deferred tax assets as no sufficient future taxable profits or offsetting deferred tax liabilities are available. As of December 31, 2020 deferred tax liabilities from temporary differences result mainly leasehold improvements and equipment and right-of-use assets (€280; 2019: €226), long term financial assets (€1,146; 2019: €1,218), other assets (€316; 2019: €0), trade and other payables (€60; 2019: €0) and contract liabilities (€0; 2019: €308). Deferred tax liabilities are not recognized as there is an excess of deferred tax assets over deferred tax liabilities.</font>
</p>
<p style="margin:0pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">A reconciliation between actual income taxes and the expected tax benefit from the loss before tax multiplied by the Group's applicable tax rate is presented below for the years ended December 31:</font>
</p>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Loss before tax</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (41,365)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (32,361)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (19,476)</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Income tax benefit at tax rate of 29.825 %</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 12,337</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 9,652</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 5,809</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Adjustments of deferred tax assets</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (11,196)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (9,822)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (5,318)</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Adjustments for local tax rates</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (41)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 5</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (34)</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Non-deductible expenses</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (803)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (72)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (515)</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Other</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (298)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 233</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 57</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Income taxes</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> (1)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> (4)</font></p>
</td>
<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> (1)</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:107.08%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In Germany, Affimed has tax losses carried forward of €233.7 million (2019: €199.2 million) for corporate income tax purposes and of €234.6 million (2019: €198.4 million) for trade tax purposes that are available indefinitely for offsetting against future taxable profits of that entity. Restrictions on the utilization of tax losses in case of a change of control of ownership in Affimed were mitigated by the enactment of the Economic Growth Acceleration Act (</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-style:italic;">Wachstumsbeschleunigungsgesetz</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;"> </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-style:italic;">2009</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">). According to the provisions of this act unused tax losses of a corporation as at the date of a qualified change in ownership are preserved to the extent they are compensated by an excess of the fair value of equity for tax purposes above its carrying amount of the Group. The maximum amount of tax losses at risk of being lost due to ownership changes is approximately €59 million. Deferred tax assets have not been recognized in respect of any losses carried forward as no sufficient taxable profits of Affimed are expected.</font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Tax losses of Abcheck s.r.o. amount to €803 as at December 31, 2020 (2019: €296).</font>
</p><div /></div> </div>
<div> <div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
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<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
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<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
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<tr>
<td valign="bottom" style="width:73.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:09.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:09.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:73.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Fair value at grant date </font></p>
</td>
<td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">$</font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2.38</font></p>
</td>
<td valign="bottom" style="width:02.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">$</font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2.10</font></p>
</td>
<td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:73.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Share price at grant date</font></p>
</td>
<td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">$</font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 3.18</font></p>
</td>
<td valign="bottom" style="width:02.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">$</font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1.44</font></p>
</td>
<td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:73.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Exercise price </font></p>
</td>
<td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">$</font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 3.18</font></p>
</td>
<td valign="bottom" style="width:02.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">$</font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1.44</font></p>
</td>
<td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:73.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Expected volatility</font></p>
</td>
<td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 93</font></p>
</td>
<td valign="bottom" style="width:02.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">% </font></p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 82</font></p>
</td>
<td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">%</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:73.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Expected life</font></p>
</td>
<td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 5.9</font></p>
</td>
<td valign="bottom" style="width:02.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 5.9</font></p>
</td>
<td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:73.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Expected dividends</font></p>
</td>
<td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.00</font></p>
</td>
<td valign="bottom" style="width:02.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.00</font></p>
</td>
<td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:73.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Risk-free interest rate</font></p>
</td>
<td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.89</font></p>
</td>
<td valign="bottom" style="width:02.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">% </font></p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2.09</font></p>
</td>
<td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">%</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt 0pt 8pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">13.</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;"> </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">Intangible assets</font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In December 2020, Affimed entered into a Patent and Technology license agreement providing the Group with an exclusive development and commercialization license. The Group recognized the non-refundable license fee of $2 million (€1.6 million) as an intangible asset and amortizes the acquisition cost over an estimated useful life of 19 years.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">18. Equity</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">As of December 31, 2020, the share capital of €983 (2019: €762) is composed of 98,287,333 (2019: 76,249,901) common shares with a par value of €0.01.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In May 2020, the Company implemented an at-the-market (“ATM”) program providing for the sales over time of up to $50,000,000 of its common shares. The Company issued approximately 12.5 million common shares under this ATM program, generating net proceeds of approximately €34.5 million. In November 2020, the Company implemented a new ATM program providing for additional sales over time of up to $75,000,000 of its common shares. As of December 31, 2020, the Company had issued a further approximately 7.9 million shares, generating further approximate €34.5 million in net proceeds.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In connection with common share issuances in 2020 an amount of €2.4 million (2019: €2.3 million) of direct and incremental transaction cost was deducted from equity.</font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In the Annual General Meeting of Affimed N.V. held on August 4, 2020 the structure of the authorized share capital was changed as cumulative shares were abolished. As of December 31, 2020, authorized share capital of the company amounts to €3,120 and is divided into 311,950,000 shares, each with a nominal value of €0.01 per share. As at December 31, 2019, the authorized share capital consisted of 155,975,000 common shares and 155,975,000 cumulative preference shares, each with a par value of €0.01 per share.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">23. Leases</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:normal;">Affimed presents right-of-use assets for offices, laboratories and vehicles leased in a separate line item from the line item “Leasehold improvements and equipment” that presents other assets of the same nature that Affimed owns. The agreements have an average non-cancellable term of between one and four years with renewal options included in some contracts. For equipment leased with contract terms that are short term and/or leases of low-value items the Group has elected not to recognize right-of-use assets and lease liabilities for these leases.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">The carrying amounts of right-of-use assets reconcile as follows:</font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:51.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td colspan="7" valign="bottom" style="width:47.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Carrying amount</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Buildings</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Cars</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Office equipment</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Balance as of January 1, 2020 </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 815</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 9</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 824</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Depreciation charge for the year</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (568)</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (7)</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (2)</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (577)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Additions to right-of-use assets</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 676</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 17</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 693</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Balance as of December 31, 2020</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 923</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 15</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 940</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:58.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:58.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td colspan="5" valign="bottom" style="width:38.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Carrying amount</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:58.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Buildings</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Cars</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:58.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Balance as of January 1, 2019</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 694</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 22</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 716</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:58.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Depreciation charge for the year</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (371)</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (13)</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (384)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:58.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Additions to right-of-use assets</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 492</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 492</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:58.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Balance as of December 31, 2019</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 815</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 9</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 824</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:normal;">Cash outflow related to leases are as follows:</font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:77.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:77.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
</tr>
<tr>
<td valign="bottom" style="width:77.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Repayment of lease liabilities</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 521</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 405</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:77.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Interest on lease liabilities</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 34</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 24</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:77.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Short-term lease payments </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 70</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 66</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:77.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Cash outflow from leasing</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 625</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 495</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">In 2018, lease expenses of €562 had been recognized in the consolidated statement of comprehensive income.</font>
</p>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-weight:bold;">Future contractually agreed undiscounted lease payments are as follows:</font>
</p>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Payments within one year</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 519</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 553</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Payments between one and five years</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 515</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 276</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 1,034</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 829</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-weight:bold;">Movements of lease liabilities reconcile to cash flows arising from financing activities as follows:</font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Balance as of January 1</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 804</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 717</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Changes from financing cash flows</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Repayment of lease liabilities</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (521)</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (405)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> (521)</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> (405)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Other Changes</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">New lease contracts</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 691</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 492</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 691</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 492</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:76.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Balance as of December 31</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 974</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 804</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 1pt;">
<font style="display:inline;font-size:1pt;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt 36pt;text-indent: -36pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">5. Segment reporting</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (i)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Information about reportable segment</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group is active in the discovery, pre-clinical and clinical development of antibodies based on its core technology. The activities are either conducted as own project development or for third party companies. Management of resources and reporting to the chief operating decision maker is based on the Group as a whole.</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (ii)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Geographic information</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The geographic information below analyses the Group’s revenue and non-current assets by country. In presenting the following information, segment revenue has been based on the geographic location of the customers and segment assets were based on the geographic location of the assets.</font>
</p>
<p style="margin:0pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Discovery activities and research services are conducted in both the Heidelberg and Plzen premises. Pre-clinical and clinical activities are conducted and coordinated from Heidelberg.</font>
</p>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Revenue:</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Germany</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 194</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 31</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Europe</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,646</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,175</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">USA</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 28,164</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 19,745</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 22,529</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 28,360</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 21,391</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 23,735</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Non-current assets as of December 31:</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Germany</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 3,796</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,017</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,224</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Czech Republic</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 914</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 870</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 246</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">USA</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 20,216</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 3,558</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 3,825</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 24,926</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 6,445</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 5,295</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (iii)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Major Customers</font></p></td></tr></table></div>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In 2018, 2019 and 2020, the Group’s revenue with Genentech Inc. exceeded 10% of total revenues.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">16.</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;"> </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">Other assets</font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The other assets as of December 31, 2020 of €1.3 million (2019: €0 million) are short-term in nature, do not bear interest and are not impaired. These assets mainly comprise a deferred prepayment of €1 million in respect of a research project where certain milestone payments are due.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">7. Other income and expenses—net</font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Other income and expenses, net primarily comprises foreign exchange gains of €129 in 2020 (2019: €251, 2018: €1,523) and income from government grants for research and development projects of €348 in 2020, €19 in 2019, and €10 in 2018.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-weight:bold;">20. Provisions</font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">In 2019, the group decided to terminate the AFM 11 program and recognized related costs totalling to €1.4 million, whereof €0.9 million were incurred in 2019 and €0.5 million were expected in 2020. As of December 31, 2020, since previously anticipated services did not transpire and no further costs are expected, the balance of the provision of €478 was released.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">The carrying amounts of right-of-use assets reconcile as follows:</font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:51.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td colspan="7" valign="bottom" style="width:47.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Carrying amount</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Buildings</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Cars</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Office equipment</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Balance as of January 1, 2020 </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 815</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 9</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 824</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Depreciation charge for the year</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (568)</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (7)</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (2)</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (577)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Additions to right-of-use assets</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 676</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 17</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 693</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:51.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Balance as of December 31, 2020</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 923</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 15</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 940</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:58.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:58.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td colspan="5" valign="bottom" style="width:38.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Carrying amount</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:58.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Buildings</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Cars</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:58.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Balance as of January 1, 2019</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 694</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 22</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 716</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:58.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Depreciation charge for the year</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (371)</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (13)</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (384)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:58.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Additions to right-of-use assets</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 492</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 492</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:58.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Balance as of December 31, 2019</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 815</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 9</font></p>
</td>
<td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 824</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt 0pt 8pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;overflow: hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;overflow: hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;overflow: hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;overflow: hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;overflow: hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Balance as of January 1</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,383</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 4,773</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Changes from financing cash flows</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Proceeds from borrowings</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 562</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Repayment of borrowings</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (2,128)</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> (3,277)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> (2,128)</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> (2,715)</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Other Changes</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Changes in capitalized borrowing costs, net </font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 68</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 325</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 68</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 325</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:78.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Balance as of December 31</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 323</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,383</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt 0pt 8pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">25. Related parties</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (i)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Shareholders</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">As of December 31, 2020 and 2019, no shareholder holds more than 20% of the voting rights.</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (ii)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Transactions with key management personnel</font></p></td></tr></table></div>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The compensation of managing directors and other key management personnel comprised of the following:</font>
</p>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Short-term employee benefits</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,936</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,598</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,683</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Termination benefits</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 264</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Share-based payments</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,848</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,738</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,229</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:68.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 4,784</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 4,600</font></p>
</td>
<td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 3,912</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:107.08%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Remuneration of Affimed’s managing directors comprises fixed and variable components and share-based payment awards. In addition, the managing directors receive supplementary benefits such as fringe benefits and allowances. In the case of an early termination, the managing directors receive a severance.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Compensation for other key management personnel comprises fixed and variable components and share-based payment awards.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The supervisory directors of Affimed N.V. received compensation for their services on the supervisory board of €364 (2019: €382; 2018: €382). In 2020, the Group recognized expenses for share-based payments for supervisory board members of €293 (2019: €243, 2018: €117).</font>
</p>
<p style="margin:0pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The following table provides the total amounts of outstanding balances for supervisory board compensation and expense reimbursement related to key management personnel:</font>
</p>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td colspan="3" valign="bottom" style="width:25.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Outstanding balances</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">December 31, </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">December 31, </font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Adi Hoess</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 5</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Wolfgang Fischer</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Thomas Hecht</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 16</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 26</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Mathieu Simon</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 7</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 9</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Berndt Modig</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 9</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Ferdinand Verdonck</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 10</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 11</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Ulrich Grau</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 14</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 21</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Bernhard Ehmer</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 15</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 20</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Harry Welten</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 8</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:72.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Annalisa Jenkins</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 8</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 1pt;">
<font style="display:inline;font-size:1pt;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 10pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">8. Research and development expenses</font>
</p>
<p style="margin:0pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The following table shows the different types of expenses allocated to research and development costs for the years ended December 31:</font>
</p>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:61.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="top" style="width:61.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Third-party services</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 29,324</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 27,338</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 22,126</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Personnel expenses</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 13,638</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 10,154</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 8,055</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Legal, consulting and patent expenses</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,380</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,983</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,672</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Cost of materials</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,730</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,547</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,140</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amortisation and depreciation</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 834</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 725</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 351</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Other expenses</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,083</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2,044</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,804</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:61.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 49,989</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 43,791</font></p>
</td>
<td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:10.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 35,148</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 1pt;">
<font style="display:inline;font-size:1pt;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt 36pt;text-indent: -36pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">6. Revenue</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Collaboration agreement The Leukemia & Lymphoma Society (LLS)</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Affimed is party to a collaboration with LLS to fund the development of a specific product candidates (immune cell engagers). Under the terms of the agreement, LLS has agreed to contribute up to $4.4 million contingent upon the achievement of certain milestones.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In the event that the research and development is successful, Affimed must proceed with commercialization of the licensed product. If Affimed decides for business reasons not to continue the commercialization, Affimed must at its option either repay the amount funded or grant a license to LLS to enable LLS to continue with the development program. In addition, LLS is entitled to receive royalties from Affimed based on the Group’s future revenue from any licensed product, with the amount of royalties not to exceed three times the amount funded.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In June 2016, the research funding agreement with LLS was amended to reflect a shift to the development of combination therapeutic approaches so that the milestones now relate primarily to the development of a combination therapy.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">During the year ended December 31, 2019, the Group recognized revenue totaling €0.2 million. In 2020 the Group achieved the final milestones and recognized €0.1 million as revenue.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Collaboration with Genentech Inc.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In August 2018, Affimed entered into a strategic collaboration agreement with Genentech Inc., headquartered in South San Francisco, USA. Under the terms of the agreement Affimed is providing services related to the development of novel NK cell engager-based immunotherapeutics to treat multiple cancers. The Genentech agreement became effective at the beginning of October 2018. Under the terms of the agreement, Affimed received $96.0 million (€83.2 million) in an initial upfront payment and committed funding on October 31, 2018. The Group recognized €26.2 million as revenue in 2020 (2019: €19.7 million, 2018: €21.8 million) and €41.9 million (December 31, 2019: €59.3 million, December 31, 2018: €61.4 million) under contract liabilities, which is recognized as revenue in subsequent periods as services are provided.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Under the terms of the agreement, Affimed is eligible to receive up to an additional $5.0 billion over time, including payments upon achievement of specified development, regulatory and commercial milestones. Affimed is also eligible to receive royalties on any potential sales.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-weight:bold;">Collaboration with Roivant Sciences Ltd.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">On November 9, 2020 Affimed and Pharmavant 6 GmbH, a subsidiary of Roivant Sciences Ltd., announced a strategic collaboration agreement which grants Roivant a license to the preclinical molecule AFM32. Under the terms of the agreement, Affimed received $60 million in upfront consideration, comprised of $40 million in cash and pre-funded research and development funding, and $20 million of common shares in Roivant. Affimed is eligible to receive additional proceeds in the form of option fees contingent on the commencement of additional programs contemplated under the agreement. The company is eligible to receive up to an additional $2 billion in milestones over time upon achievement of specified development, regulatory and commercial milestones, as well as tiered royalties on net sales.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">At December 31, 2020 the group has recognized €1.4 million as revenue and </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">€49.0 million under contract liabilities, which is recognized as revenue in subsequent periods as services are provided.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Research service agreements</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group, through its subsidiary AbCheck has entered into certain research service agreements. These research service agreements provide for non-refundable upfront technology access research funding or capacity reservation fees and milestone payments. The Group recognized revenue of €0.6 million, €1.7 million and €1.7 million during the years ended December 31, 2020, 2019 and 2018 respectively.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Contract balances</font>
</p>
<p style="margin:0pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The following table provides information about receivables and contract liabilities from contracts with customers.</font>
</p>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:66.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:14.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:14.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:66.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:14.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">December 31, 2020</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:14.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">December 31, 2019</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:66.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Receivables</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:14.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:14.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 204</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:66.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Contract liabilities</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:14.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 91,041</font></p>
</td>
<td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:14.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 59,314</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">An amount of €17,457 that was recognized in contract liabilities at the beginning of the period was recognized as revenue during the period ended December 31, 2020 (2019: €14,795; 2018: €230).</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The remaining performance obligations at December 31, 2020 are approximately €91.0 million and are expected to be recognized as revenue to a large extent over the next two years.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;">Disaggregation of revenue</font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2018
</td>
</tr>
<tr>
<td valign="top" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Major service lines:</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Collaboration revenue</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 27,755</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 19,685</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 22,018</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Service revenue</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 605</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,706</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,717</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 28,360</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 21,391</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 23,735</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Revenue:</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Point in time</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 9,180</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 5,783</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 21,863</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Over time</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 19,180</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 15,608</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1,872</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:63.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 28,360</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 21,391</font></p>
</td>
<td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;"> 23,735</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 1pt;">
<font style="display:inline;font-size:1pt;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">19. Share based payments</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In 2014, an equity-settled share-based payment program was established by Affimed N.V. (ESOP 2014).</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Under this program, the Group granted awards to certain members of the Management Board, the Supervisory Board, non-employee consultants and employees.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Share based payments with service condition</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The majority of the awards vest in installments over three years and can be exercised up to 10 years after the grant date. In 2020 and 2019, the Group granted 2,607,809 and 1,736,803 awards, respectively, to employees, the Management Board and Supervisory Board.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In 2020, 247,684</font><font style="display:inline;"> </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">ESOP 2014 awards were cancelled or forfeited due to termination of employment or termination of consulting agreements with non-employees (2019: 357,879), and 1,624,351 options were exercised at an average exercise price of $2.19 (2019: 19,795 ESOP 2014 awards </font><font style="display:inline;">at an average exercise price of $1.54).</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">As of December 31, 2020, 8,043,341 ESOP 2014 awards were outstanding (December 31, 2019: 7,307,567), 4,712,122 awards (December 31, 2019: 4,773,840) were vested. The options outstanding at December 31, 2020 had an exercise price in the range of $1.30 to $13.47 (2019: $1.30 to $13.47) and weighted average remaining contractual life of 7.4 years (2019: 8.9 years). In 2020 and 2019, the Group estimated an annual forfeiture rate of 4.0% for unvested options.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Share based payments with market condition</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">On April 20, 2018, Affimed issued 240,000 options, of which each grant consists of three tranches that vest when the volume-weighted average share price (measured based on Affimed closing share prices over the preceding fifteen trading days) reaches a certain hurdle ($6.15, $8.20 and $10.25). Fair value of the awards at grant date amounts to €133 ($164 thousand) and the contractual life-time of the options is two years. As at December 31, 2020 no options were exercisable and the term of the options has expired.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Share based payment expense</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In 2020, an expense of €3,381 was recognized affecting research and development expenses (€1,524) and general and administrative expenses (€1,857). In 2019, an expense of €2,469 was recognized affecting research and development expenses (€904) and general and administrative expenses (€1,565). In 2018, an expense of €2,035 was recognized affecting research and development expenses (€852) and general and administrative expenses (€1,183). </font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Fair value measurement</font>
</p>
<p style="margin:0pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The fair value of options was determined using the Black-Scholes valuation model. The significant inputs into the valuation model of share based payment grants with service conditions are as follows (weighted average):</font>
</p>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="top" style="width:73.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:73.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:09.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2020
</td>
<td valign="bottom" style="width:02.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:09.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-weight:bold;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2019
</td>
<td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:73.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Fair value at grant date </font></p>
</td>
<td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">$</font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2.38</font></p>
</td>
<td valign="bottom" style="width:02.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">$</font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2.10</font></p>
</td>
<td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:73.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Share price at grant date</font></p>
</td>
<td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">$</font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 3.18</font></p>
</td>
<td valign="bottom" style="width:02.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">$</font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1.44</font></p>
</td>
<td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:73.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Exercise price </font></p>
</td>
<td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">$</font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 3.18</font></p>
</td>
<td valign="bottom" style="width:02.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">$</font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 1.44</font></p>
</td>
<td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:73.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Expected volatility</font></p>
</td>
<td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 93</font></p>
</td>
<td valign="bottom" style="width:02.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">% </font></p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 82</font></p>
</td>
<td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">%</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:73.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Expected life</font></p>
</td>
<td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 5.9</font></p>
</td>
<td valign="bottom" style="width:02.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 5.9</font></p>
</td>
<td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:73.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Expected dividends</font></p>
</td>
<td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.00</font></p>
</td>
<td valign="bottom" style="width:02.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.00</font></p>
</td>
<td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:73.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Risk-free interest rate</font></p>
</td>
<td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 0.89</font></p>
</td>
<td valign="bottom" style="width:02.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">% </font></p>
</td>
<td valign="bottom" style="width:01.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> </font></p>
</td>
<td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;"> 2.09</font></p>
</td>
<td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">%</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:107.08%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Expected volatility is estimated based on the observed daily share price returns of a peer group measured over a historic period equal to the expected life of the awards.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">4. Significant accounting policies</font>
</p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The accounting policies set out below have been applied consistently to all periods presented in these consolidated financial statements.</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Revenue recognition</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group generates revenues from the provision of research and development services to third parties based on both Group and third party owned intellectual property. Such services are performed on a “best efforts” basis without a guarantee of technological or commercial success. For some research programs, Affimed entered into collaborations with other companies that provide the Group with funding or other resources such as access to technologies. From time to time, the Group also licenses its intellectual property to third parties who use it to develop product candidates.</font>
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<font style="display:inline;">Collaboration and license agreements are evaluated to determine whether they involve multiple promises that represent separate performance obligations. </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Such agreements may comprise more than one research program, platform licenses or intellectual property </font><font style="display:inline;">licenses </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">originally generated by the Group. Usually each of those promises is considered to meet the </font><font style="display:inline;">definition</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;"> of a separate performance obligation.</font>
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<font style="display:inline;">The total consideration is generally allocated to separate performance obligations based on relative stand-alone selling prices. Usually sales prices for research and development activities and licenses are not directly observable or highly variable across customers. Therefore, we use estimation techniques to determine stand-alone selling prices for such services and licenses. The stand-alone selling prices for research activities are determined based on an expected cost plus a margin approach. For licenses of intangible assets where little or no incremental costs are incurred in providing such licenses, a residual approach is used. </font>
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<font style="display:inline;">Performance obligations from research programs are satisfied over time because the work performed by the Group either enhances a license that the customer already controls or because the work does not result in an asset with an alternative use for the Group due to contractual restrictions.</font>
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<font style="display:inline;">Therefore, revenue for such performance obligations is recognized according to the stage of completion measured by reference to costs incurred in relation to anticipated total costs of the research program.</font>
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<font style="display:inline;">Platform licenses or intellectual property licenses originally generated by the Group are recognized at a point in time if their nature is a right to use the intellectual property as it exists at the point in time at which the license is granted. This is usually the case when there is no significant continuing involvement by the Group. In these cases, revenue is recognized when control of the license is transferred. Control is considered to be transferred when the customer received all necessary documents and information to begin to use and benefit from the license.</font>
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<font style="display:inline;">Platform licenses or intellectual property licenses originally generated by the Group are recognized over time if their nature is to access the intellectual property as it exists throughout the license period. This might be the case when there is significant continuing involvement by the Group. In these cases, revenue is recognized on a straight-line basis until the use of the license by the customer ends. </font>
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<font style="display:inline;">Payments received from customers commonly include non-refundable upfront payments that are initially recognized as a contract liability, and subsequently recognized as revenue as the related performance obligation is fulfilled. The Group concluded that non-refundable upfront payments do not include financing components because the advance payments arise for reasons other than the provision of financing.</font>
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<font style="display:inline;">In addition, payment terms may also include payments to be received from customers at a later point in time upon the achievement of certain milestones. </font>
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<font style="display:inline;">Milestone payments are contingent upon the achievement of contractually stipulated targets. The achievement of these targets or milestones depends largely on meeting specific requirements laid out in the respective agreement. Milestone payments are included in the transaction price when it is highly probable that a significant reversal of revenue recognized will not occur when the uncertainty associated with the milestone is subsequently resolved. In the Group’s view, uncertainty is sufficiently resolved only when the milestone is reached. Reaching a milestone will result in a cumulative catch up of revenue for the performance to date.</font>
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<font style="display:inline;">The Group distinguishes development and registration milestones and sales-based milestones. Whereas development and registration milestone payments are generally recognized on reaching the defined milestones, revenues for sales-based milestones are recognized on achievement of contractually stipulated underlying revenues.</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Research and development</font>
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<font style="display:inline;">Costs incurred related to research activities are expensed in the period when they are incurred. Costs incurred on development projects are recognized as intangible assets beginning on the date it can be established that it is probable that future economic benefits attributable to the asset will flow to the Group considering its technological and commercial feasibility. Given the current stage of the development of the Group’s candidates and technologies, no development expenditures have been capitalized in any of the periods presented in these consolidated financial statements. Intellectual property-related costs for patents are part of the expenditure for the research and development projects. Therefore, registration costs for patents are recognized as expensed when incurred as long as the research and development project concerned does not meet the criteria for capitalization.</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Employee benefits</font>
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<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (i)</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Short-term employee benefits</font></p></td></tr></table></div>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided.</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">A liability is recognized for the amount expected to be paid under a short-term cash bonus, if (a) the Group has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee, and (b) the obligation can be estimated reliably.</font>
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<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (ii)</font>
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<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Share-based payment transactions</font></p></td></tr></table></div>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group’s share-based payment awards outstanding as of December 31, 2019 and 2020, are classified as equity-settled share-based plans. The fair value of share-based equity-settled awards granted to employees is measured at grant date and compensation cost is recognized over the vesting period with a corresponding increase in equity. Share-based payment awards with non-employees are measured and recognized when services are received. Fair value is estimated using the Black-Scholes-Merton formula. The formula determines the value of an option based on input parameters like the value of the underlying instrument, the exercise price, the expected volatility of share price returns, dividends, the risk-free interest rate, the expected forfeiture rate and the time to maturity of the option. The number of stock options expected to vest is estimated at each measurement date.</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">(iii)<font style="display:inline;font-family:Arial,Helvetica,sans-serif;;font-size: 10pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font>Termination benefits</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Termination benefits are expensed when the Group can no longer withdraw the offer of those benefits. If benefits are not expected to be settled wholly within 12 months of the reporting date, then they are discounted.</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Government grants</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group receives certain government grants that support its research effort in specific projects. </font><font style="display:inline;">These grants are generally provided in the form of reimbursement of approved costs incurred as defined in the respective grants.</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;"> Income in respect of grants also includes contributions towards the costs of research and development. Income is recognized when costs under each grant are incurred in accordance with the terms and conditions of the grant and the collectability of the receivable is reasonably assured.</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Government grants relating to costs are deferred and recognized in the income statement over the period necessary to match them with the costs they are intended to compensate. When the cash in relation to recognized government grants is not yet received the amount is included as a receivable on the statement of financial position.</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group recognizes income from government grants under ‘Other income—net’ in the consolidated statement of comprehensive loss.</font>
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<font style="display:inline;">Leases</font>
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<font style="display:inline;font-style:italic;">Policy applicable from 1 January 2019</font>
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<font style="display:inline;">Affimed recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred. Subsequently, the right-of-use asset is depreciated using the straight-line method from the commencement date to the end of the lease term. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain re-measurements of the lease liability.</font>
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<font style="display:inline;">The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, Affimed’s incremental borrowing rate. Generally, Affimed uses its incremental borrowing rate as the discount rate. </font>
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<font style="display:inline;">The Group determines the incremental borrowing rate by obtaining interest rates from various external financing sources and makes certain adjustments to reflect the terms of the lease and the type of the asset leased.</font>
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<font style="display:inline;">The lease liability is subsequently measured at amortized cost using the effective interest method. It is re-measured when there is a change in future lease payments arising from a change in an index or rate, a change in the estimate of the amount expected to be payable under a residual value guarantee, or as appropriate, changes in the assessment of whether a purchase or extension option is reasonably certain to be exercised or a termination option is reasonably certain not to be exercised. </font>
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<font style="display:inline;">Affimed has elected not to recognize right-of-use assets and lease liabilities for some short-term leases (leases with less than 12 months of lease term) and right-of-use assets and liabilities for leases of low value assets. Lease payments associated with these leases are recognized as an expense on a straight-line basis over the lease term. </font>
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<font style="display:inline;font-style:italic;">Policy applicable before 1 January 2019</font>
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<font style="display:inline;">Payments made under operating leases are recognized in profit or loss on a straight-line basis over the term of the lease. </font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Finance income and finance costs</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Finance income comprises interest income from interest bearing bank deposits. Interest income is recognized as it accrues using the effective interest method.</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Finance costs comprise primarily interest expense on borrowings.</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Financial instruments</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.</font>
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<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (i)</font>
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<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Non-derivative financial assets</font></p></td></tr></table></div>
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<font style="display:inline;">The Group’s non-derivative financial assets include shares, </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">trade and other receivables, other assets and cash and cash equivalents and certificates of deposit at banks with original maturities of more than three months.</font>
</p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Those debt instruments are held to collect solely payments of principal and interest. They are included in current assets and are subsequently carried at amortized cost.</font>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Cash and cash equivalents comprise cash balances and call deposits with original maturities of three months or less.</font>
</p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group holds </font><font style="display:inline;">preferred shares in Amphivena Therapeutics Inc., USA, and common shares in Roivant Ltd, USA, </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">designated at fair value through other comprehensive income (see note 14).</font>
</p>
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<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (ii)</font>
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<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Non-derivative financial liabilities</font></p></td></tr></table></div>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group’s classes of financial liabilities are borrowings and trade and other payables. The Group initially recognizes non-derivative financial liabilities on the date that they are originated and measures them at amortized cost using the effective interest rate method. The Group derecognizes a financial liability when its contractual obligations are discharged, cancelled or expire.</font>
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<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (iii)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Compound financial instruments</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group entered into certain loan agreements pursuant to which it issued warrants to purchase common shares of the Group at the option of the respective holders (for warrants issued to SVB see note 21). The number of shares to be issued does not vary with changes in their fair value.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The liability component of the loans was recognized initially at the fair value of a similar liability without a warrant. The equity component was recognized initially at the difference between the fair value of the compound financial instrument as a whole and the fair value of the liability component. Subsequent to initial recognition, the liability component is measured at amortized cost using the effective interest method. The equity component is not re-measured subsequent to initial recognition.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">As of December 31, 2020 the loan was fully repaid.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Impairment</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (i)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Trade and other receivables</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Trade and other receivables at amortized cost are subject to the expected credit loss model according to IFRS 9. The Group’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also considers the factors that may influence the credit risk of its customer base, including the default risk associated with the industry and country in which customers operate.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Affimed determines the counterparties’ lifetime expected credit losses that result from all possible default events over the expected life of a financial instrument based on an estimated rating and corresponding probability of default rates according to the Bloomberg database.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In addition, trade and other receivables are assessed at each reporting date to determine whether there is objective evidence that they are impaired. Trade or other receivables are impaired if objective evidence indicates that a loss event has occurred after the initial recognition of the receivable, and such loss event had a negative effect on the estimated future cash flows of that receivable that can be estimated reliably. Loss events include indications that a debtor is experiencing significant financial difficulty, default or delinquency in interest or principal payments, the probability that they will enter bankruptcy or other financial reorganization.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">All receivables are assessed for specific impairment. Losses are recognized in profit or loss and reflected in an allowance account against receivables. When a subsequent event causes the amount of impairment loss to decrease, the decrease in impairment loss is reversed through profit or loss. No impairments or reversals of impairments were recognized in 2018, 2019 or 2020.</font>
</p>
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<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (ii)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Intangible assets and leasehold improvements and equipment</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Intangible assets that are acquired by the Group and have finite useful lives are measured at cost less accumulated amortization and any accumulated impairment losses. Items of property, plant and equipment are measured at cost, which includes capitalized borrowing costs, less accumulated depreciation and any accumulated impairment losses.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Amortization and depreciation is calculated using the straight-line method over the estimated useful lives, and is recognized in profit or loss. Depreciation and amortization methods and useful lives are reviewed at each reporting date and adjusted if appropriate.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Assets that are subject to depreciation or amortization are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount may not be recoverable. An impairment loss is recognized as the amount by which an asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs of disposal and value in use. Non- financial assets that were previously impaired are reviewed for possible reversal of the impairment at each reporting date.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Income taxes</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Income taxes comprise current and deferred tax. Current and deferred taxes are recognized in profit or loss except to the extent that it relates to items recognized directly in equity or in other comprehensive loss.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and adjustments to taxes payable in respect of previous years.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for temporary differences associated with assets and liabilities if the transaction which led to their initial recognition is a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Deferred tax is measured at tax rates that are expected to be applied to temporary differences when they reverse, based on the laws that have been enacted or substantively enacted by the reporting date.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Deferred tax assets and liabilities are presented net if there is a legally enforceable right to offset.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">A deferred tax asset is recognized for unused tax losses, tax credits and deductible temporary differences, to the extent that it is probable that future taxable profits will be available against which they can be utilized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Fair Value Measurement</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">All assets and liabilities for which fair value is recognized in the consolidated financial statements are </font><font style="display:inline;">classified </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">in accordance with the following fair value hierarchy, based on the lowest level input parameter that is significant on the whole for fair value measurement:</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt;">
<font style="margin:0pt;font-family:Symbol;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> ·</font>
</p>
</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Level 1—Prices for identical assets or liabilities quoted in active markets (non-adjusted)</font></p></td></tr></table></div>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt;">
<font style="margin:0pt;font-family:Symbol;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> ·</font>
</p>
</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Level 2—Measurement procedures, in which the lowest level input parameter significant on the whole for fair value measurement is directly or indirectly observable for on the market</font></p></td></tr></table></div>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Symbol;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> ·</font>
</p>
</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Level 3—Measurement procedures, in which the lowest level input parameter significant on the whole for fair value measurement is not directly or indirectly observable for on the market</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The carrying amount of all trade and other receivables, other assets, certificates of deposit, cash and cash equivalents and trade and other payables is a reasonable approximation of the fair value and therefore information about the fair values of those financial instruments has not been disclosed. The measurement of the fair value of the shares held by the group is based on level 3 measurement procedures (see note 14).</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Loss per share</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Loss per common share is calculated by dividing the loss for the period by the weighted average number of common shares outstanding during the period.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group has granted warrants under certain loan agreements (see note 21) and options under share-based payment programs (see note 19) which potentially have a dilutive effect; no instruments actually had a dilutive effect.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Critical judgments and accounting estimates</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The preparation of the consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;color:#000000;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In preparing these financial statements, the critical judgments made by management in applying the Group’s accounting policies resulted in the following accounting estimates</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">:</font>
</p>
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<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (i)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Share-based payments</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The fair value of stock options issued by Affimed N.V. is estimated using the Black-Scholes-Merton formula. The formula determines the value of an option based on input parameters like the value of the underlying instrument, the exercise price, the expected volatility of share price returns, dividends, the risk-free interest rate and the time to maturity of the option. The fair value of share-based equity-settled compensation plans is measured at grant date and compensation cost is recognized over the vesting period with a corresponding increase in equity. The number of stock options expected to vest is estimated at each measurement date.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">On April 20, 2018, Affimed issued 240,000 options under its share-based-payment program, the vesting of which deviates from the standard 3 year vesting scheme and depends upon a market parameter, which is the average price of Affimed shares during a certain period of time as described in note 19. Incorporating the market condition in the fair value estimate requires the use of a simulation technique (Monte Carlo simulation), which implies a higher uncertainty with regard to the estimated fair value. The Group determined the fair value of the awards at grant date to be €133.</font>
</p>
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<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (ii)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Revenue recognition</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;font-family:Arial,Helvetica,sans-serif;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">The Group’s contracts with customers contain multiple performance obligations. Judgment is required in determining whether a good or service is considered a separate performance obligation. If standalone selling prices are not directly observable, the Group allocates the transaction price to the performance obligations by reference to the expected cost plus a margin. In doing so, observable input data such as internal project plans and margins are used.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Elements of consideration in collaboration and license agreements are non-refundable up-front research funding payments, technology access fees and milestone payments. Generally, the Group has continuing performance obligations and therefore up-front payments are initially recognized as a contract liability, and the related revenues are subsequently recognized as the related performance obligation is fulfilled. Technology access fees are generally initially recognized as a contract liability and subsequently recognized over the expected term of the research service agreement on a straight-line basis.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group estimates that the achievement of a milestone reflects a stage of completion under the terms of the agreements and recognizes revenue when a milestone is achieved as then the uncertainty is resolved. If the research service is cancelled due to technical failure, the remaining contract liability from non-refundable upfront payments, if any, is recognized as revenue.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The determination of whether a performance obligation is satisfied at a point in time versus over time might also require judgment.</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (iii)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Accrued expenses</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Group obtains services from third parties who do not always invoice their (partial) performance as per the balance sheet date. If the Group is not invoiced or otherwise notified of the actual accrued cost for the services as of the reporting date, the amount of the services performed as of the balance sheet date has to be estimated. For this purpose, the Group periodically confirms the accuracy of its estimates with the service providers.</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (iv)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Financial instruments</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">The Group owns preferred shares in Amphivena Therapeutics Inc. (“Amphivena”) and common shares in Roivant Sciences Ltd. (“Roivant”) classified as long-term financial assets and classifies them as equity instruments at fair value through other comprehensive income. As neither Amphivena nor Roivant are public companies, substantial judgment was required in estimating the fair values as at December 31, 2020 (see note 14).</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">For the valuation of the shares of Amphivena, the Group based its estimate primarily on observable financing round valuations and considered certain other publicly available information as well as relevant qualitative information provided by Amphivena as of the respective valuation dates (level 3). </font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">The fair value of the shares in Roivant was based on an observable financing round valuation, which was adjusted as of the respective valuation dates considering certain assumptions such as the development of quoted market prices of peer companies and other publicly available information as well as quantitative and qualitative information provided by Roivant (level 3).</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (v)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;color:#000000;">Lease payments</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">Affimed has applied judgement to determine the lease term for some lease contracts in which it is a lessee that include renewal options. The assessment of whether Affimed is reasonably certain to exercise such options impacts the lease term, which significantly affects the amount of lease liabilities and right-of-use assets recognized. As at December 31, 2020, no renewal options were incorporated into the determining the lease term.</font>
</p>
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<p style="font-family:Arial,Helvetica,sans-serif;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (vi)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="font-family:Arial,Helvetica,sans-serif;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Provisions</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">In the second quarter of 2019, Affimed decided to terminate the Phase 1 clinical program of AFM11, a CD19/CD3-targeting bispecific T cell engager as a part of its strategic plans (see note 20).</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> (vii)</font>
</p>
</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 0pt 12pt;">
<font style="display:inline;color:#000000;">Intangible assets</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">In December 2020 the group has recognized a license with acquisition cost of €1,649.</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;">The useful life was estimated at 19 years being the current expected period in which the license will be used, i.e. until the expiration of the patents covered by the license.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">New standards and interpretations applied for the first time</font>
</p>
<p style="margin:0pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The following amendments to standards and new or amended interpretations are effective for annual periods beginning on or before January 1, 2020, and have been applied in preparing these financial statements:</font>
</p>
<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;"> </font>
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<font style="display:inline;font-size:1pt;"> </font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Standard/interpretation</font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;"> </font></p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Effective Date(1)</font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to References to the Conceptional Framework</font></p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2020</font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IAS 1 and IAS 8: Definition of Material</font></p>
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</p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2020</font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IFRS 9, IAS 39 and IFRS 7:</font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Interest Rate Benchmark Reform</font></p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2020</font></p>
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<p style="margin:0pt 0pt 0.05pt 7.2pt;text-indent: -7.2pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IFRS 3 Business Combination</font></p>
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</p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2020</font></p>
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<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendment to IFRS 16 Leases Covid 19-Related Rent Concessions</font></p>
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<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">June 1, 2020</font></p>
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<div><hr style="border-width:0;width:25%;height:1pt;color:black;background-color:black;" align="left"></hr></div>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">(1) Shall apply for periods beginning on or after the date shown in the effective date column.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-indent:18pt;text-align:left;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">None of the amendments to standards and new or amended interpretations had a material effect on the consolidated financial statements.</font>
</p>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">New standards and interpretations not yet adopted</font>
</p>
<p style="margin:0pt 0pt 12pt;text-indent:18pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The following new standards and amendments to standards are effective for annual periods beginning after December 31, 2020 and have not been applied in preparing these consolidated financial statements.</font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;">
<tr>
<td valign="bottom" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
<font style="display:inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Standard/interpretation</font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 8pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;font-size:8pt;">Effective Date(1)</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IAS 1 Presentation of Financial Statements:</font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
</tr>
<tr>
<td valign="top" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Classification of Liabilities as Current or Non-current </font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2023</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IFRS 3 Business Combinations</font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2022</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IAS 16 Property, Plant and Equipment</font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2022</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to AS 37 Provisions, Contingent Liabilities and Contingent Assets</font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2022</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Annual Improvements 2018-2020</font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2022</font></p>
</td>
</tr>
<tr>
<td valign="top" style="width:82.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and I FRS 16 Interest Rate Benchmark Reform—Phase 2 </font></p>
</td>
<td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;color:#000000;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
</p>
</td>
<td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 3pt 0.05pt 0pt;text-align:right;color:#000000;line-height:106.67%;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">January 1, 2021</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:25%;height:1pt;color:black;background-color:black;" align="left"></hr></div>
<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">(1) Shall apply for periods beginning on or after the date shown in the effective date column.</font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The amended standards are not expected to have a significant effect on the consolidated financial statements of the Group.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">22. Trade and other payables</font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Trade and other payables comprise trade payables of €7,986 (2019: €10,249). Other payables mainly comprise payroll and employee related liabilities for withholding taxes and social security contributions of €2,144 (2019: €801) and payables due to employees for unused holidays and other accruals. Other payables are normally settled within 30 days.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">17. Trade and other receivables</font>
</p>
<p style="margin:0pt;text-indent:18pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The trade receivables as of December 31, 2020 and 2019, of €0 and €204, respectively, are all due in the short-term, do not bear interest and are not impaired. Other receivables are all due within the short-term and mainly comprise value-added tax receivables of €1,321 (2019: €453).</font>
</p><div /></div> </div>
669000
-917000
-6238000
11119000
13207000
16928000
502000
696000
795000
38904000
213778000
468000
-182667000
7325000
40129000
40129000
239055000
239055000
624000
624000
-202144000
-202144000
2594000
2594000
38667000
38667000
38667000
270451000
270451000
762000
762000
-234508000
-234508000
1962000
1962000
71993000
71993000
345164000
983000
-275874000
1720000
112359000
175725000
1.30
13.47
1.30
13.47
1.44
3.18
0.00
0.00
2035000
1183000
852000
117000
2469000
1565000
904000
243000
3381000
1857000
1524000
293000
The remaining performance obligations at December 31, 2020 are approximately €91.0 million and are expected to be recognized as revenue to a large extent over the next two years.
3200000
17100000
2900000
60000
60000
651000
5000
-847000
251000
15000
15000
-175000
602000
-483000
71000
-6647000
-6647000
-6693000
186000
-95000
-45000
1523000
251000
129000
9638000
9638000
2881000
1828000
4929000
10266000
10266000
3055000
1853000
5358000
13715000
13715000
5601000
1795000
6319000
829000
276000
553000
1034000
515000
519000
0
0
0
1000
0
1000
1000
1000
4000
4000
1000
1000
54323000
1322000
57858000
71000
71000
26000
26000
3007000
2991000
16000
-2715000
-2128000
325000
68000
2035000
2035000
2469000
2469000
3381000
3381000
137000
1718000
24000
34000
342000
224000
78000
218000
628000
294000
296000
246000
762000
762000
983000
983000
23327000
23171000
156000
29039000
28901000
138000
68546000
68341000
205000
3912000
4600000
4784000
1229000
1738000
1848000
2683000
2598000
2936000
0
264000
0
717000
804000
804000
974000
4773000
2383000
2383000
323000
278000
231000
8900000
0
108800000
169300000
20000000
2500000
3500000
5295000
246000
1224000
3825000
6445000
6445000
870000
2017000
3558000
24926000
24926000
914000
3796000
20216000
37961000
35992000
3193000
20042000
272000
482000
38511000
36705000
1736803
2607809
4773840
4712122
357879
247684
7307567
8043341
0
240000
155975000
155975000
50000000
75000000
13225000
2373716
13800000
12500000
12500000
7900000
7900000
19166667
19166667
76249901
98287333
311950000
-4731000
-4731000
-4731000
-632000
-632000
-632000
-242000
-242000
-242000
-600000
-200000
-4731000
-632000
-242000
0
1260000
1515000
290000
626000
801000
2144000
1962000
1720000
-57000
-233000
298000
0.01
0.01
0.01
0.01
1701000
2215000
2294000
0
405000
405000
405000
405000
521000
521000
521000
521000
0.10
0.10
0.10
0
562000
562000
0
0
0
50945000
16547000
25113000
19700000
3800000
31373000
29500000
74195000
34500000
34500000
115000000
115000000
1000
0
0
-19477000
-19477000
-19477000
-19477000
-32365000
-32365000
-32365000
-32365000
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Amendments to AS 37 Provisions, Contingent Liabilities and Contingent Assets
Amendments to IAS 16 Property, Plant and Equipment
Amendments to IAS 1 and IAS 8: Definition of Material
Classification of Liabilities as Current or Non-current
Amendments to IFRS 3 Business Combination
Amendments to IFRS 3 Business Combinations
Interest Rate Benchmark Reform
Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and I FRS 16 Interest Rate Benchmark Reform-Phase 2
Amendments to References to the Conceptional Framework
Amendment to IFRS 16 Leases Covid 19-Related Rent Concessions
Annual Improvements 2018-2020
10674000
11394000
1482000
1500000
2439000
2400000
10249000
7986000
204000
0
91000000
P19Y
P19Y
453000
1321000
10027000
11587000
15081000
1.54
2.19
2.10
2.38
P8Y10M24D
P7Y4M24D
10.25
8.20
6.15
1.44
3.18
60514407
64242396
83471559