CELYAD S.A. | CIK:0001637890 | 3

  • Filed: 4/6/2018
  • Entity registrant name: CELYAD S.A. (CIK: 0001637890)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1637890/000119312518110096/0001193125-18-110096-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1637890/000119312518110096/cyad-20171231.xml
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  • ifrs-full:DisclosureOfOperatingSegmentsExplanatory

    During 2015, marginal revenues were generated from external customers. All revenues generated relate to sales of C-Cathez to a limited number of customers located in the US.

     

    €‘000

       For the year ended December 31, 2015  
         Cardiology      Immuno-
    oncology
         Corporate     Group Total  

    Revenue

         3             3  

    Cost of Sales

         (1 )            (1 ) 

    Gross Profit

         2        —          —         2  

    Research & Development expenses

         (20,634 )       (2,132 )         (22,766 ) 

    General & Administrative expenses

         —          —          (7,230 )      (7,230 ) 

    Other operating Income & Charges

         218        104        322  
      

     

     

        

     

     

        

     

     

       

     

     

     

    Operating Profit (Loss)

         (20,414 )       (2,028 )       (7,230 )      (29,672 ) 
      

     

     

        

     

     

        

     

     

       

     

     

     

    Net Financial Charges

         —          —          306       306  

    Share of Loss of investments accounted for using the equity method

         —          —          252       252  

    Profit (Loss) before taxes

         (20,414 )       (2,028 )       (6,672 )      (29,114 ) 

    Income Taxes

         —          —          —         —    
      

     

     

        

     

     

        

     

     

       

     

     

     

    Profit (Loss) for the year 2015

         (20,414 )       (2,028 )       (6,672 ))      (29.114 ) 
      

     

     

        

     

     

        

     

     

       

     

     

     

    In August 2016, the Group has received a non-refundable upfront payment as a result of the ONO agreement. This upfront payment has been fully recognised upon receipt as there are no performance obligations nor subsequent deliverables associated to the payment. The non-refundable upfront payment was rather received as a consideration for the sale of licence to ONO. In 2016, the total revenue generated through sales of C-Cathez was € 0.1 million.

     

    €‘000    For the year ended December 31, 2016  
         Cardiology      Immuno-
    oncology
         Corporate      Group Total  

    Revenue

         84        8,440         8,523  

    Cost of Sales

         (53 )             (53 ) 

    Gross Profit

         31        8,440        —          8,471  

    Research & Development expenses

         (12,704 )       (14,971 )          (27,675 ) 

    General & Administrative expenses

         —          —          (9,744 )       (9,744 ) 

    Other operating Income & Charges

         1,540        1,800           3,340  
      

     

     

        

     

     

        

     

     

        

     

     

     

    Operating Profit (Loss)

         (11,133 )       (4,731 )       (9,744 )       (25,609 ) 
      

     

     

        

     

     

        

     

     

        

     

     

     

    Net Financial Charges

         —          —          1,997        1,997  

    Profit (Loss) before taxes

         (11,133 )       (4,731 )       (7,747 )       (23,612 ) 

    Income Taxes

         —          —          6        6  
      

     

     

        

     

     

        

     

     

        

     

     

     

    Profit (Loss) for the year 2016

         (11,133 )       (4,731 )       (7,742 )       (23,606 ) 
      

     

     

        

     

     

        

     

     

        

     

     

     

    In 2017, there were some important one-time non-recurrent items impacting significantly the consolidated income statement. The Board decided to isolate these non-recurrent items in the presentation of the consolidated income statement.

     

    €‘000

       For the year ended December 31, 2017  
         Cardiology      Immuno-
    oncology
         Corporate      Group Total  

    Revenues

         35        3,505           3,540  

    Cost of Sales

            (515 )          (515 ) 

    Gross Profit

         35        2,990        —          3,025  

    Research & Development expenses

         (2,881 )       (20,027 )       —          (22,908 ) 

    General & Administrative expenses

         —          —          (9,310 )       (9,310 ) 

    Other operating Income & Charges

         1,070        151        1,370        2,590  

    Non-recurring operating (expenses)/income

         (1,932 )       —          (24,341 )       (26,273 ) 
      

     

     

        

     

     

        

     

     

        

     

     

     

    Operating Profit (Loss)—EBIT

         (3,708 )       (16,886 )       (32,281 )       (52,876 ) 
      

     

     

        

     

     

        

     

     

        

     

     

     

    Net Financial Charges

         —          —          (3,518 )       (3,518 ) 

    Profit (Loss) before taxes

         (3,708 )       (16,886 )       (35,799 )       (56,396 ) 

    Income Taxes

         —          —          1        1  
      

     

     

        

     

     

        

     

     

        

     

     

     

    Profit (Loss) for the year 2017

         (3,708 )       (16,886 )       (35,798 )       (56,395 )