17. Other Operating Income
|
|
Year Ended December 31, |
||||
|---|---|---|---|---|---|---|
(in thousands of $) |
|
2023 |
|
2022 |
|
2021 |
Grants |
|
2,538 |
|
2,186 |
|
4,398 |
Research and development incentives |
|
27,815 |
|
19,502 |
|
13,970 |
Payroll tax rebates |
|
11,925 |
|
8,576 |
|
12,621 |
Change in fair value on non-current financial assets |
|
– |
|
4,256 |
|
11,152 |
Total other operating income |
|
42,278 |
|
34,520 |
|
42,141 |
17.1 Research and development incentives
The Company has accounted for a tax incentive following a research and development tax incentive scheme in Belgium according to which the incentive will be refunded after a five year period, if not offset against the current tax payable over the period.
17.2 Payroll tax rebates
The Company accounted for payroll tax rebates as a reduction in withholding income taxes for its highly qualified personnel employed in its research and development department.