Annual Report 2023

Annual Report 2023

19. Research and Development Expenses

 

 

Year Ended December 31,

(in thousands of $)

 

2023

 

2022

 

2021

Personnel expenses

 

226,344

 

162,010

 

160,464

External research and development expenses

 

483,192

 

366,955

 

382,902

Materials and consumables

 

4,057

 

2,396

 

2,735

Depreciation and amortization

 

105,546

 

102,132

 

3,742

IT expenses

 

19,935

 

12,678

 

7,798

Other expenses

 

20,418

 

17,194

 

22,879

Total research and development expenses

 

859,492

 

663,366

 

580,520