Annual Report 2022

Annual Report 2022

Consolidated Statements of Financial Position

Assets

 

 

 

As of December 31,

(in thousands of $)

 

Note

 

2022

 

2021

 

2020

Non current assets

 

 

 

 

 

 

 

 

Property, plant and equipment

 

4

 

16,234

 

15,844

 

11,582

Intangible assets

 

5

 

174,901

 

171,684

 

167,344

Deferred tax asset

 

6

 

79,222

 

32,191

 

15,038

Other non-current assets

 

7

 

40,894

 

54,876

 

7,816

Research and development incentive receivables

 

 

 

47,488

 

32,707

 

20,626

Investment in joint venture

 

 

 

1,323

 

 

Total non current assets

 

 

 

360,064

 

307,303

 

222,406

 

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

Inventories

 

8

 

228,353

 

109,076

 

25,195

Prepaid expenses

 

 

 

76,022

 

58,946

 

27,913

Trade and other receivables

 

9

 

275,697

 

38,221

 

6,978

Research and development incentive receivables

 

 

 

1,578

 

 

463

Financial assets

 

10

 

1,391,808

 

1,002,052

 

779,649

Cash and cash equivalents

 

11

 

800,740

 

1,334,676

 

1,216,803

Total current assets

 

 

 

2,774,197

 

2,542,971

 

2,057,001

 

 

 

 

 

 

 

 

 

Total assets

 

 

 

3,134,261

 

2,850,274

 

2,279,407

 

 

 

 

 

 

 

 

 

Equity and liabilities

 

 

 

As of December 31,

(in thousands of $)

 

Note

 

2022

 

2021

 

2020

Equity

 

12

 

 

 

 

 

 

Equity attributable to owners of the parent

 

 

 

 

 

 

 

 

Share capital

 

 

 

6,640

 

6,233

 

5,744

Share premium

 

 

 

4,309,880

 

3,462,775

 

2,339,033

Translation differences

 

 

 

129,280

 

131,684

 

134,732

Accumulated losses

 

 

 

(2,109,791)

 

(1,400,197)

 

(991,932)

Other reserves

 

 

 

477,691

 

333,729

 

186,474

Total equity

 

 

 

2,813,699

 

2,534,224

 

1,674,051

 

 

 

 

 

 

 

 

 

Non-current liabilities

 

 

 

 

 

 

 

 

Provisions for employee benefits

 

 

 

870

 

417

 

156

Lease liabilities

 

22

 

9,009

 

7,956

 

6,181

Deferred tax liabilities

 

6

 

8,406

 

6,438

 

1,487

Deferred revenue

 

16

 

 

 

269,039

Total non-current liabilities

 

 

 

18,285

 

14,811

 

276,863

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

Lease liabilities

 

22

 

3,417

 

3,509

 

3,476

Trade and other payables

 

14

 

295,679

 

293,415

 

275,192

Tax liabilities

 

 

 

3,181

 

4,315

 

3,497

Deferred revenue

 

16

 

 

 

46,328

Total current liabilities

 

 

 

302,277

 

301,239

 

328,493

 

 

 

 

 

 

 

 

 

Total liabilities

 

 

 

320,562

 

316,050

 

605,356

 

 

 

 

 

 

 

 

 

Total equity and liabilities

 

 

 

3,134,261

 

2,850,274

 

2,279,407

The accompanying notes form an integral part of these consolidated financial statements.