Tangible assets
Pursuant to IAS 16, tangible assets are recognised on the balance sheet at historical acquisition and production cost less scheduled depreciation.
Depreciation of tangible assets is generally applied straight-line over the estimated useful life of assets (generally three to thirteen years). The main useful lives are unchanged:
| IT equipment | 3 years, straight-line | |
| Fixtures and equipment | 4 years, straight-line | |
| Office and laboratory facilities | 10 years, straight-line | |
| Laboratory devices | 13 years, straight-line |
Low value assets with purchase costs of between EUR 150 and EUR 1,000 have been booked to the year of acquisition as a single item for the relevant year, and are fully depreciated over five years.