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42. Statutory Reserve

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in thousands of EUR

2017

2016

 

 

 

 

 

 

Development costs

28,240

20,611

Conversion differences

–3,252

–2,071

 

 

 

 

 

 

Balance sheet value as at 31 December

24,988

18,540

 

 

 

Development costs

The movement in the statutory reserve for development costs is as follows:

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in thousands of EUR

2017

2016

 

 

 

 

 

 

Balance sheet value as at 1 January

20,611

13,668

Transfer of other reserve

7,629

6,943

 

 

 

 

 

 

Balance sheet value as at 31 December

28,240

20,611

 

 

 

Conversion differences

The movement in the statutory reserve for conversion differences is as follows:

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in thousands of EUR

2017

2016

 

 

 

 

 

 

Balance sheet value as at 1 January

–2,071

–2,382

Exchange results on participating interests

–1,181

311

 

 

 

 

 

 

Balance sheet value as at 31 December

–3,252

–2,071