ANNUAL ACCOUNT IN EURO (2 decimals)

Transcription

1 40 1 EUR Nr. Date of the deposition No PP. E. D. C 1.1 ANNUAL ACCOUNT IN EURO (2 decimals) NAME: ABLYNX Legal form: PLC Address: TECHNOLOGIEPARK Nr.: 21 Postal Code: 9052 City: Zwijnaarde Country: Belgium Register of Legal Persons (RLP) - Office of the commercial court at: Gent Internet address *: Company number: DATE 20/01/2010 of the deposition of the partnership deed OR of the most recent document mentioning the date of publication of the partnership deed and the act changing the articles of association. ANNUAL ACCOUNT approved by the General Meeting of 26/04/2012 concerning the financial year covering the period from 1/01/2011 till 31/12/2011 Previous period from 1/01/2010 till 31/12/2010 The amounts of the previous financial year are / are not ** identical to those which have been previously published. COMPLETE LIST WITH name, first name, profession, residence-address (address, number, postal code, municipality) and position with the enterprise, OF DIRECTORS, MANAGERS AND AUDITORS VERMEIREN REMI Vlaanderenstraat 107b, box 401, 9000 Gent, Belgium Title : Director Mandate : 28/04/ /04/2015 CAUWENBERGH GEERT STULTS DRIVE 1, NJ 0853 PLAINSBURO, United States of America Title : Director Mandate : 28/04/ /04/2015 SOFINNOVA PARTNERS SA.. RUE DE SURENE 17, PARIJS, France Title : Director Mandate : 28/04/ /04/2015 Represented by: LUCQUIN DENIS Rue De Surene 17, Parijs, France Enclosed to these annual accounts: Total number of pages deposited: 37 Number of the pages of the standard form not deposited for not being of service: 5.1, 5.2.3, 5.2.4, 5.3.1, 5.4.2, 5.4.3, 5.5.2, 5.8, 5.16, 7, 8, 9 Signature (name and position) Edwin Moses Signature (name and position) * Optional statement. ** Delete where appropriate. Voorzitter van de raad van bestuur

2 Nr C 1.1 LIST OF DIRECTORS, MANAGERS AND AUDITORS (continuation of the previous page) PETTERSSON MATS THE MALT HOUSE, HOME FARM CLOSE 3, KT10 9H ESHER SURREY, United Kingdom Title : Director Mandate : 28/04/ /04/2015 STEPHEN WILLIAM BUNTING.. JERMYN STREET 38, SW1Y 6D LONDON, United Kingdom Title : Director Mandate : 28/04/ /04/2015 EDWIN MOSES.. Coupure Links 177, 9000 Gent, Belgium Title : President of the board of directors Mandate : 28/04/ /04/2015 JIMMY ARNOLD VAN heusden Stationsstraat 132, box 3, 9250 Waasmunster, Belgium Title : Director Mandate : 28/04/ /04/2015 Deloitte Bedrijfsrevisoren Berkenlaan 8b, 1831 Diegem, Belgium Title : Auditor Mandate : 28/04/ /04/2014 Represented by: Vanhees Gert Berkenlaan 8, box B, 1831 Diegem, Belgium Bedrijfsrevisor Number of membership : IBR /37

3 Nr C 1.2 DECLARATION ABOUT SUPPLEMENTARY AUDITING OR ADJUSTMENT MISSION The managing board declares that the assignment neither regarding auditing nor adjusting has been given to a person who was not authorised by law pursuant to art. 34 and 37 of the Law of 22nd April 1999 concerning the auditing and tax professions. The annual accounts have/ have not * been audited or adjusted by an external accountant or auditor who is not a statutory auditor. If YES, mention here after: name, first names, profession, residence-address of each external accountant or auditor, the number of membership with the professional Institute ad hoc and the nature of this engagement: A. Bookkeeping of the undertaking**, B. Preparing the annual accounts**, C. Auditing the annual accounts and/or D. Adjusting the annual accounts. If the assignment mentioned either under A or B is performed by authorised accountants or authorised accountants-tax consultants, information will be given on: name, first names, profession and residence-address of each authorised accountant or accountanttax consultant, his number of membership with the Professional Institute of Accountants and Tax consultants and the nature of this engagement. Name, first name, profession, residence-address Number of membership Nature of the engagement (A, B, C and/or D) * Delete where appropriate. ** Optional disclosure. 3/37

4 Toel. Nr C 2.1 BALANCE SHEET ASSETS FIXED ASSETS. Notes Codes Period Previous period 20/ , ,34 Formation expenses Intangible fixed assets. Tangible fixed assets..... Land and buildings / , , , ,68 Plant, machinery and equipment , ,95 Furniture and vehicles , ,58 Leasing and other similar rights , ,73 Other tangible fixed assets Assets under construction and advance payments , , , ,96 Financial fixed assets Affiliated enterprises / / , ,00... Participating interests.... Amounts receivable.... Other enterprises linked by participating interests / ,00 Participating interests.... Amounts receivable.... Other financial assets... Shares... Amounts receivable and cash guarantees / /8 CURRENT ASSETS.... Amounts receivable after more than one year Trade debtors.... Other amounts receivable..... Stocks and contracts in progress..... Stocks..... Raw materials and consumables Work in progress. Finished goods Goods purchased for resale.. Immovable property intended for sale 29/ /36 30/ , ,89 Advance payments Contracts in progress. Amounts receivable within one year... Trade debtors.... Other amounts receivable..... Current investments... Own shares.... Other investments and deposits.. Cash at bank and in hand.... Deferred charges and accrued income TOTAL ASSETS / / / /53 54/58 490/1 20/ , , , , , , , , , , , , , , , ,23 4/37

5 Nr C 2.2 EQUITY AND LIABILITIES EQUITY.. Capital... Issued... capital... Uncalled capital. Share premium account.. Revaluation surpluses. Reserves..... Legal reserve... Reserves not available..... In respect of own shares... held... Other.... Untaxed reserves.... Available reserves... Accumulated profits (losses).. (+)/(-) Investment grants. Advance to associates on the sharing out of the assets PROVISIONS AND DEFERRED TAXES Provisions for liabilities and charges Pensions and similar obligations Taxation... Major repairs and maintenance Other liabilities and charges.... Deferred taxes... AMOUNTS PAYABLE..... Amounts payable after more than one year Financial debts... Subordinated loans Unsubordinated debentures... Leasing and other similar obligations.... Credit institutions... Other loans... Trade debts... Suppliers Bills of exchange payable Advances received on contracts in progress Other amounts payable Amounts payable within one year..... Current portion of amounts payable after more than one year falling due within one year... Financial debts... Credit institutions... Other loans... Trade debts... Suppliers Bills of exchange payable Advances received on contracts in progress Taxes, remuneration and social security.... Taxes Remuneration and social security Other amounts payable Accrued charges and deferred income TOTAL LIABILITIES..... Notes Codes Period Previous period 10/ , , / / / / /9 42/ / / /3 454/9 47/48 492/3 10/ , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,23 5/37

6 Nr C 3 INCOME STATEMENT Notes Codes Period Previous period Operating income Turnover / , , , ,64 Increase (decrease) in stocks of finished goods, work and contracts in progress..(+)/(-) 71 Own construction capitalised Other operating income Operating charges. Raw materials, consumables Purchases Decrease (increase) in stocks...(+)/(-) / / , , , , , ,70 Services and other goods.... Remuneration, social security costs and pensions...(+)/(-) , , , ,00 Depreciation of and amounts written off formation expenses, intangible and tangible fixed assets , ,88 Amounts written down stocks, contracts in progress and trade debtors - Appropriations (write-backs)...(+)/(-) /4 Provisions for risks and charges - Appropriations (uses and write-backs).(+)/(-) /7 Other operating charges... Operation charges carried to assets as restructuring costs... (-) / , ,57 Operating profit (loss).(+)/(-) , ,81 Financial income Income from financial fixed assets... Income from current assets.... Other financial income / , , , , , ,04 Financial charges Debt charges.. Amounts written down on current assets except stocks, contracts in progress and trade debtors...(+)/(-) , , , ,15 Other financial charges Gain (loss) on ordinary activities before taxes. (+)/(-) 652/ , , , ,28 6/37

7 Nr C 3 Codes Period Previous period Extraordinary income.... Write-back of depreciation and of amounts written down intangible and tangible fixed assets Write-back of amounts written down financial fixed assets ,78 Write-back of provisions for extraordinary liabilities and charges... Gains on disposal of fixed assets Other extraordinary income..... Extraordinary charges Extraordinary depreciation of and extraordinary amounts written off formation expenses, intangible and tangible fixed assets..... Amounts written down financial fixed assets Provisions for extraordinary liabilities and charges - Appropriations (uses).(+)/(-) / , , , ,63 Loss on disposal of fixed assets.... Other extraordinary charges Extraordinary charges carried to assets as restructuring costs...(-) / , , ,63 Profit (loss) for the period before taxes.(+)/(-) , ,65 Transfer from postponed taxes.... Transfer to postponed taxes. Income taxes.... Income taxes Adjustment of income taxes and write-back of tax provisions.... Profit (loss) for the period (+)/(-) /77 670/ , ,65 Transfer from untaxed reserves..... Transfer to untaxed reserves. Profit (loss) for the period available for appropriation (+)/(-) , ,65 7/37

8 Nr C 4 APPROPRIATION ACCOUNT Codes Period Previous period Profit (loss) to be appropriated..(+)/(-) , ,55 Gain (loss) to be appropriated (+)/(-) (9905) , ,65 Profit (loss) to be carried forward...(+)/(-) 14P , ,20 Transfers from capital and reserves /2 from capital and share premium account from reserves... Transfers to capital and reserves to capital and share premium account /2 691 to the legal reserve to other reserves Profit (loss) to be carried forward...(+)/(-) (14) , ,55 Owner's contribution in respect of losses... Profit to be distributed. Dividends /6 694 Director's or manager's entitlements Other beneficiaries /37

9 Nr C STATEMENT OF INTANGIBLE FIXED ASSETS Codes Period Previous period RESEARCH AND DEVELOPMENT COSTS Acquisition value at the end of the period. 8051P ,10 Acquisitions, including produced fixed assets ,09 Sales and disposals ,68 Transfers from one heading to another. (+)/(-) 8041 Acquisition value at the end of the period ,51 Depreciation and amounts written down at the end of the period 8121P ,06 Recorded. Written back.. Acquisitions from third parties Cancelled owing to sales and disposals Transfers from one heading to another. (+)/(-) , ,03 Depreciation and amounts written down at the end of the period ,25 NET BOOK VALUE AT THE END OF THE PERIOD ,26 9/37

10 Nr C Codes Period Previous period CONCESSIONS, PATENTS, LICENCES, KNOWHOW, BRANDS AND SIMILAR RIGHTS Acquisition value at the end of the period. 8052P ,21 Acquisitions, including produced fixed assets ,30 Sales and disposals Transfers from one heading to another. (+)/(-) 8042 Acquisition value at the end of the period ,51 Depreciation and amounts written down at the end of the period 8122P ,59 Recorded ,33 Written back Acquisitions from third parties 8092 Cancelled owing to sales and disposals 8102 Transfers from one heading to another. (+)/(-) 8112 Depreciation and amounts written down at the end of the period.. NET BOOK VALUE AT THE END OF THE PERIOD , ,59 10/37

11 Nr C Codes Period Previous period PLANT, MACHINERY AND EQUIPMENT Acquisition value at the end of the period. 8192P ,02 Acquisitions, including produced fixed assets ,77 Sales and disposals ,12 Transfers from one heading to another. (+)/(-) 8182 Acquisition value at the end of the period. Revaluation surpluses at the end of the period P ,67 Recorded Acquisitions from third parties 8222 Cancelled Transfers from one heading to another..(+)/(-) 8242 Revaluation surpluses at the end of the period Depreciation and amounts written down at the end of the period 8322P ,07 Recorded ,11 Written back Acquisitions from third parties 8292 Cancelled owing to sales and disposals ,72 Transfers from one heading to another..(+)/(-) 8312 Depreciation and amounts written down at the end of the period NET BOOK VALUE AT THE END OF THE PERIOD (23) , ,21 11/37

12 Nr C Codes Period Previous period FURNITURE AND VEHICLES Acquisition value at the end of the period. 8193P ,27 Acquisitions, including produced fixed assets ,25 Sales and disposals Transfers from one heading to another. (+)/(-) 8183 Acquisition value at the end of the period. Revaluation surpluses at the end of the period P ,52 Recorded Acquisitions from third parties 8223 Cancelled Transfers from one heading to another..(+)/(-) 8243 Revaluation surpluses at the end of the period Depreciation and amounts written down at the end of the period 8323P ,69 Recorded ,64 Written back Acquisitions from third parties 8293 Cancelled owing to sales and disposals 8303 Transfers from one heading to another..(+)/(-) 8313 Depreciation and amounts written down at the end of the period NET BOOK VALUE AT THE END OF THE PERIOD (24) , ,19 12/37

13 Nr C Codes Period Previous period LEASING AND SIMILAR RIGHTS Acquisition value at the end of the period. 8194P ,87 Acquisitions, including produced fixed assets ,69 Sales and disposals Transfers from one heading to another. (+)/(-) 8184 Acquisition value at the end of the period. Revaluation surpluses at the end of the period P ,56 Recorded Acquisitions from third parties 8224 Cancelled Transfers from one heading to another..(+)/(-) 8244 Revaluation surpluses at the end of the period Depreciation and amounts written down at the end of the period 8324P ,14 Recorded ,32 Written back Acquisitions from third parties 8294 Cancelled owing to sales and disposals 8304 Transfers from one heading to another..(+)/(-) 8314 Depreciation and amounts written down at the end of the period NET BOOK VALUE AT THE END OF THE PERIOD.... WHEREOF 8324 (25) , ,10 Land and buildings..... Plant, machinery and equipment..... Furniture and vehicles , ,37 13/37

14 Nr C Codes Period Previous period OTHER TANGIBLE FIXED ASSETS Acquisition value at the end of the period. 8195P ,36 Acquisitions, including produced fixed assets ,43 Sales and disposals Transfers from one heading to another. (+)/(-) 8185 Acquisition value at the end of the period. Revaluation surpluses at the end of the period P ,79 Recorded Acquisitions from third parties 8225 Cancelled Transfers from one heading to another..(+)/(-) 8245 Revaluation surpluses at the end of the period Depreciation and amounts written down at the end of the period 8325P ,90 Recorded ,45 Written back Acquisitions from third parties 8295 Cancelled owing to sales and disposals 8305 Transfers from one heading to another..(+)/(-) 8315 Depreciation and amounts written down at the end of the period NET BOOK VALUE AT THE END OF THE PERIOD (26) , ,44 14/37

15 Nr C Codes Period Previous period ASSETS UNDER CONSTRUCTION AND ADVANCED PAYMENTS Acquisition value at the end of the period. 8196P ,96 Acquisitions, including produced fixed assets ,00 Sales and disposals Transfers from one heading to another. (+)/(-) 8186 Acquisition value at the end of the period. Revaluation surpluses at the end of the period P ,96 Recorded Acquisitions from third parties 8226 Cancelled Transfers from one heading to another..(+)/(-) 8246 Revaluation surpluses at the end of the period Depreciation and amounts written down at the end of the period 8326P Recorded Written back Acquisitions from third parties 8296 Cancelled owing to sales and disposals 8306 Transfers from one heading to another..(+)/(-) 8316 Depreciation and amounts written down at the end of the period NET BOOK VALUE AT THE END OF THE PERIOD (27) ,96 15/37

16 Nr C STATEMENT OF FINANCIAL FIXED ASSETS Codes Period Previous period AFFILIATED ENTERPRISES - PARTICIPATING INTERESTS AND SHARES Acquisition value at the end of the period. 8391P ,00 Acquisitions, including produced fixed assets Sales and disposals Transfers from one heading to another. (+)/(-) 8381 Acquisition value at the end of the period. Revaluation surpluses at the end of the period P ,00 Recorded Acquisitions from third parties 8421 Cancelled Transfers from one heading to another..(+)/(-) 8441 Revaluation surpluses at the end of the period Amounts written down at the end of the period P Recorded ,00 Written back Acquisitions from third parties 8491 Cancelled owing to sales and disposals 8501 Transfers from one heading to another..(+)/(-) 8511 Amounts written down at the end of the period Uncalled amounts at the end of the period..(+)/(-) P ,00 Uncalled amounts at the end of the period 8551 NET BOOK VALUE AT THE END OF THE PERIOD.... (280) AFFILIATED ENTERPRISES - AMOUNTS RECEIVABLE NET BOOK VALUE AT THE END OF THE PERIOD P Additions Repayments Amounts written down Amounts written back Exchange differences...(+)/(-) 8621 Other...(+)/(-) 8631 NET BOOK VALUE AT THE END OF THE PERIOD.... ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS RECEIVABLE AT THE END OF THE PERIOD (281) /37

17 Nr C INFORMATION RELATING TO THE SHARE IN THE CAPITAL SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES List of both enterprises in wich the enterprise holds a participating interest (recorded in the heading 28 of assets) and other enterprises in which the enterprise holds rights (recorded in the headings 28 and 50/53 of assets) in the amount of at least 10% of the capital issued. NAME, full address of the REGISTERED OFFICE and for the enterprise governed by Belgian law, the COMPANY NUMBER Shares held by directly Number % % Primary financial statement Information from the most recent period for which annual accounts are available subsidiaries Monetary unit ABLYNX SA PLC 31/12/2010 EUR RUA DO CAMPO ALEGRE PORTO Portugal Nominal shares ,00 0,00 Capital and reserves (+) or (-) (in monetary units) Net result /37

18 Nr C 5.6 OTHER INVESTMENTS AND DEPOSIT, DEFFERED CHARGES AND ACCRUED INCOME (ASSETS) Codes Period Previous period INVESTMENTS: OTHER INVESTMENTS AND DEPOSITS Shares..... Book value increased with the uncalled amount Uncalled amount Fixed income securities... Fixed income securities issued by credit institutions Fixed term deposit with credit institutions Falling due , ,00 less or up to one month , ,00 between one month and one year , ,00 over one year Other investments not yet shown seperately Period DEFFERED CHARGES AND ACCRUED INCOME Allocation of heading 490/1 of assets if the amount is significant deferred charges , accrued income ,83 18/37

19 Nr C. 5.7 STATEMENT OF CAPITAL AND STRUCTURE OF SHAREHOLDINGS STATEMENT OF CAPITAL Social capital Issued capital at the end of the period... Issued capital at the end of the period... Codes Period Previous period 100P XXXXXXXXXXXXXX ,41 (100) ,85 Codes Amounts Number of shares Changes during the period: Capital increase due to exercise of warrant 19/01/2011 Capital increase due to exercise of warrant 21/04/2011 Capital increase due to exercise of warrant 20/07/2011 Structure of the capital Different categories of shares Total shares at 31 december 2011 Registered shares.. Bearer shares and/or dematerialized shares , , , , XXXXXXXXXXXXXX XXXXXXXXXXXXXX Capital not paid Codes Uncalled capital Capital called, but not paid Uncalled capital. (101) XXXXXXXXXXXXXX Capital called, but not paid XXXXXXXXXXXXXX Shareholders having yet to pay up in full Codes Period OWN SHARES Held by the company itself Amount of capital held Number of shares held Held by the subsidiaries Amount of capital held Number of shares held Commitments to issue shares Following the exercising of CONVERSION RIGHTS Amount of outstanding convertible loans..... Amount of capital to be subscribed.... Corresponding maximum number of shares to be issued Following the exercising of SUBSCRIPTION RIGHTS Number of outstanding subscription rights Amount of capital to be subscribed.... Corresponding maximum number of shares to be issued.. Authorized capital, not issued ,00 19/37

20 Nr C. 5.7 STATEMENT OF CAPITAL AND STRUCTURE OF SHAREHOLDINGS Codes Period Shared issued, not representing capital Distribution Number of shares held Number of voting rights attached thereto..... Allocation by shareholder Number of shares held by the company itself..... Number of shares held by its subsidairies /37

21 Nr C. 5.7 STATEMENT OF CAPITAL AND STRUCTURE OF SHAREHOLDINGS 21/37

22 Nr C 5.9 STATEMENT OF AMOUNTS PAYABLE, ACCRUED CHARGES AND DEFERRED INCOME ANALYSIS BY CURRENT PORTIONS OF AMOUNTS INITIALLY PAYABLE AFTER MORE THAN ONE YEAR Amounts payable after more than one year, not more than one year Codes Period Financial debts... Subordinated loans... Unsubordinated debentures.. Leasing and other similar obligations.. Credit institutions. Other loans... Trade debts... Suppliers Bills of exchange payable... Advance payments received on contracts in progress Other amounts payable... Total amounts payable after more than one year, not more than one year Amounts payable after more than one year, between one and five years... Financial debts... Subordinated loans... Unsubordinated debentures.. Leasing and other similar obligations.. Credit institutions. Other loans... Trade debts... Suppliers Bills of exchange payable... Advance payments received on contracts in progress Other amounts payable (42) , , , , ,12 Total amounts payable after more than one year, between one and five years Amounts payable after more than one year, over five years Financial debts... Subordinated loans... Unsubordinated debentures.. Leasing and other similar obligations.. Credit institutions. Other loans... Trade debts... Suppliers Bills of exchange payable... Advance payments received on contracts in progress Other amounts payable... Total amounts payable after more than one year, over five years ,12 22/37

23 Nr C 5.9 AMOUNTS PAYABLE GUARANTEED (headings 17 and 42/48 of liabilities) Codes Period Amounts payable guaranteed by Belgian public authorities Financial debts... Subordinated loans... Unsubordinated debentures.. Leasing and other similar obligations.. Credit institutions. Other loans... Trade debts... Suppliers Bills of exchange payable... Advance payments received on contracts in progress Remuneration and social security Other amounts payable... Total amounts payable guaranteed by Belgian public authorities.... Amounts payable guaranteed by real guarantees given or irrevocably promised by the enterprise on its own assets Financial debts... Subordinated loans... Unsubordinated debentures.. Leasing and other similar obligations.. Credit institutions. Other loans... Trade debts Suppliers Bills of exchange payable Advance payments received on contracts in progress 9012 Taxes, remuneration and social security Taxes Remuneration and social security 9042 Other amounts payable Total amounts payable guaranteed by real guarantees given or irrevocably promised by the enterprise on its own assetṡ.... AMOUNTS PAYABLE FOR TAXES, REMUNERATION AND SOCIAL SECURITY 9062 Taxes (heading 450/3 of the liabilities) Expired taxes payable... Non expired taxes payable Estimated taxes payable... Remuneration and social security (heading 454/9 of the liabilities) Amount due to the National Office of Social Security Other amounts payable relating to remuneration and social security ,33 23/37

24 Nr C 5.9 ACCRUED CHARGES AND DEFERRED INCOME Period Allocation of the heading 492/3 of liabilities if the amount is considerable Accrued charges , Deferred income ,07 24/37

25 Nr C 5.10 OPERATING RESULTS Codes Period Previous period OPERATING INCOME Net turnover Broken down by categories of activity Allocation into geographical markets Other operating income Total amount of subsidies and compensatory amounts obtained from public authorities , ,70 OPERATING COSTS Employees recorded in the personnel register Total number at the closing date Average number of employees calculated in full-time equivalents ,5 206,4 Number of actual worked hours Personnel costs Remuneration and direct social benefits , ,73 Employers' social security contributions , ,03 Employers' premiums for extra statutory insurances , ,22 Other personnel costs , ,02 Old-age and widows' pensions Provisions for pensions Additions (uses and write-back)... (+)/(-) 635 Amounts written off Stocks and contracts in progress Recorded 9110 Written back Trade debtors Recorded 9112 Written back Provisions for risks and charges Additions 9115 Uses and write-back Other operating charges Taxes related to operation... Other charges... Hired temporary staff and persons placed at the enterprise's disposal / , ,57 Total number at the closing date Average number calculated as full-time equivalents ,7 3,3 Number of actual worked hours Charges to the enterprise , ,52 25/37

26 Nr C 5.11 FINANCIAL AND EXTRAORDINARY RESULTS FINANCIAL RESULTS Other financial income Amount of subsidies granted by public authorities, credited to income for the period Capital subsidies... Interest subsidies Allocation of other financial income Codes Period Previous period 9125 Amounts written down off loan issue expenses and repayment premiums 6501 Interests recorded as assets Value adjustments to current assets Appropriations... Write-backs Other financial charges Amount of the discount borne by the enterprise, as a result of negotiating amounts receivable. Provisions of a financial nature Appropriations... Uses and write-backs Allocation of other financial charges Other financial costs , ,81 SPO costs ,00 EXTRAORDINARY RESULTS Allocation other extraordinary income Period Allocation other extraordinary charges Closing costs for ABLYNX SA ,90 26/37

27 Nr C 5.12 INCOME TAXES AND OTHER TAXES INCOME TAXE Income taxes on the result of the current period Income taxes paid and withholding taxes due or paid Excess of income tax prepayments and withholding taxes recorded under assets... Estimated additional taxes Income taxes on previous periods Taxes and withholding taxes due or paid... Estimated additional taxes estimated or provided for. Codes Period , ,00 In so far as income taxes of the current period are materially affected by differences between the profit before taxes, as stated in the annual accounts, and the estimated taxable profit Disallowed expenses ,64 Notional Interest Deduction ,06 IWT revenue Deduction ,66 An indication of the effect of extraordinary results on the amount of income taxes relating to the current period Status of deferred taxes Deferred taxes representing assets... Accumulated tax losses deductible from future taxable profits... Other deferred taxes representing assets Codes Period , ,44 Notional Interest Deduction ,44 Tax loss carried forward ,83 Deferred taxes representing liabilities. Allocation of deferred taxes representing liabilities 9144 THE TOTAL AMOUNT OF VALUE ADDED TAX AND TAXES BORNE BY THIRD PARTIES Codes Period Previous Period The total amount of value added tax charged To the enterprise (deductible) , ,71 By the enterprise , ,53 Amounts retained on behalf of third parties for Payroll withholding taxes Withholding taxes on investment income , ,94 27/37

28 Nr C 5.13 RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET Code Period PERSONAL GUARANTEES GIVEN OR IRREVOCABLY PROMISED BY THE ENTERPRISE AS SECURITY FOR DEBTS AND COMMITMENTS OF THIRD PARTIES Of which Bills of exchange in circulation endorsed by the enterprise.. Bills of exchange in circulation drawn or guaranteed by the enterprise... Maximum amount for which other debts or commitments of third parties are guaranteed by the enterprise REAL GUARANTEES Real guarantees given or irrevocably promised by the enterprise on its own assets as a security of debts and commitments from the enterprise Mortgages Book value of the immovable proporties mortgaged... Amount of registration.. Pledging on goodwill - amount of registration Pledging of other assets - Book value of other assets pledged.. Guarantees provided on future assets - Amount of assets involved Real guarantees given or irrevocably promised by the enterprise on its own assets as a security of debts and commitments from third parties Mortgages Book value of the immovable proporties mortgaged... Amount of registration.. Pledging on goodwill - amount of registration Pledging of other assets - Book value of other assets pledged.. Guarantees provided on future assets - Amount of assets involved GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR OWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE SUBSTANCIAL COMMITMENTS TO ACQUIRE FIXED ASSETS SUBSTANCIAL COMMITMENTS TO DISPOSE FIXED ASSETS FORWARD TRANSACTIONS Goods purchased (to be received).... Goods sold (to be delivered). Currencies purchased (to be received). Currencies sold (to be delivered) ,00 INFORMATION RELATING TO TECHNICAL GUARANTEES, IN RESPECT OF SALES OR SERVICES INFORMATION CONCERNING IMPORTANT LITIGATION AND OTHER COMMITMENTS NOT MENTIONED ABOVE IF THEREIS A SUPPLEMENTARY RETIREMENTS OR SURVIVOR'S PENSION PLAN IN FAVOUR OF THE PERSONNEL OR THE EXECUTIVES OF THE ENTERPRISE, A BRIEF DESCRIPTION OF SUCH PLAN OF THE MEASURES TAKEN BY THE ENTERPRISE TO COVER THE RESULTING CHARGES The company has a pension plan under the format of a defined contribution plan. According to this plan the company contributes 4% on the annual gross salaries for staff members. The total cost per 2011 amounts to /37

29 Nr C 5.13 RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET Code Period PENSIONS FUNDED BY THE ENTERPRISE Estimated amount of the commitments resulting for the enterprise from past services Methods of estimation NATURE AND BUSINESS PURPOSE OF OFF-BALANCE SHEET ARRANGEMENTS Provided the risks or benefits arising from such arrangements are material and where the disclosure of such risks or benefits is necessary for assessing the financial position of the company; if required, the financial impact of these arrangements have to be mentioned too: The company has long term operational lease contracts mainly for cars. In 2011 the related costs amounts to For 2012 the expected costs are in line with The company has long term operational lease contracts for it's facilities. In 2011 the related cost amounts to For 2012 the expected cost amounts to For research and development the company collaborates with external parties. In general, the contact duration varies between 2weeks and several years. In 2011 the related cost amounts to /37

30 Nr C 5.14 RELATIONSHIPS WITH AFFILIATED ENTERPRISES AND ENTERPRISES LINKED BY PARTICIPATING INTERESTS AFFILIATED ENTERPRISES Financial fixed assets.. Investments... Amounts receivable subordinated... Other amounts receivable Codes Period Previous period (280/1) ,00 (280) , Amounts receivable After one year.. Within one year. Current investments..... Shares... Amounts receivable Amounts payable After one year.. Within one year... Personal and real guarantees Provided or irrevocably promised by the enterprise, as security for debts or commitments of affiliated enterprises Provided or irrevocably promised by affiliated enterprises as security for debts or commitments of the enterprise Other substancial financial commitments.. Financial results Income from financial fixed assets.... Income from current assets Other financial income Debts charges Other financial charges... Gains and losses on disposal of fixed assets Obtained capital gains Obtained capital losses ENTERPRISES LINKED BY PARTICIPATING INTERESTS Financial fixed assets Investments... Amounts receivable subordinated... Other amounts receivable Amounts receivable... After one year.. Within one year. Amounts payable After one year.. Within one year (282/3) (282) , ,22 30/37

31 Nr C 5.14 RELATIONSHIPS WITH AFFILIATED ENTERPRISES AND ENTERPRISES LINKED BY PARTICIPATING INTERESTS TRANSACTIONS WITH RELATED PARTIES OUTSIDE NORMAL MARKET CONDITIONS Mention of such operations if they are material, stating the amount of these transactions, the nature of the relationship with the related party and other information about the transactions necessary for the understanding of the financial position of the company: Nil Period 31/37

32 Nr C 5.15 FINANCIAL RELATIONSHIPS WITH DIRECTORS AND MANAGERS, INDIVIDUALS OR BODIES CORPORATE WHO CONTROL THE ENTERPRISE WITHOUT BEING ASSOCIATED THEREWITH OR OTHER ENTERPRISES CONTROLLED BY THESE PERSONS, OTHER ENTERPRISES CONTROLLED BY THE SUB B. MENTIONED PERSONS WITHOUT BEING ASSOCIATED THEREWITH Codes Period Amounts receivable from these persons 9500 Conditions on amounts receivable Guarantees provided in their favour 9501 Guarantees provided in their favour - Main condition Other significant commitments undertaken in their favour 9502 Other significant commitments undertaken in their favour - Main condition Amount of direct and indirect remunerations and pensions, included in the income statement, as long as this disclosure does not concern exclusively or mainly, the situation of a single identifiable person To directors and managers.. To former directors and former managers AUDITORS OR PEOPLE THEY ARE LINKED TO Codes Period Auditor's fees ,00 Fees for exceptional services or special missions executed in the company by the auditor Other attestation missions.... Tax consultancy. Other missions external to the audit..... Fees for exceptional services or special missions executed in the company by people they are linked to Other attestation missions.... Tax consultancy. Other missions external to the audit , , ,00 Mention related to article 133 paragraph 6 from the Companies Code In its meeting of 17 May 2011, the Audit Committee has approved the exemption on the 1:1 rule as the other services delivered do not endanger the independence of the statutory auditor. 32/37

33 Nr C INFORMATION RELATING TO CONSOLIDATED ACCOUNTS INFORMATION THAT MUST BE PROVIDED BY EACH COMPANY, THAT IS SUBJECT OF COMPANY LAW ON THE CONSOLIDATED ANNUAL ACCOUNTS OF ENTERPRISES The enterprise has drawn up publiced a consolidated annual statement of accounts and a management report* The enterprise has not published a consolidated annual statement of accounts and a management report, since it is exempt for this obligation for the following reason* The enterprise and its subsidiaries on consolidated basis exceed not more than one of the limits mentioned in art. 16 of Company Law* The enterprise itself is a subsidiary of an enterprise which does prepare and publish consolidated accounts, in which her yearly statement of accounts is included* If yes, justification of the compliance with all conditions for exemption set out in art. 113 par. 2 and 3 of Company Law: Name, full address of the registered office and, for an enterprise governed by Belgian Law, the company number of the parent company preparing and publishing the consolidated accounts required: INFORMATION TO DISCLOSE BY THE REPORTING ENTERPRISE BEING A SUBSIDIARY OR A JOINT SUBSIDIARY Name, full address of the registered office and, for an enterprise governed by Belgian Law, the company number of the parent company(ies) and the specification whether the parent company(ies) prepare(s) and publish(es) consolidated annual accounts in which the annual accounts of the enterprise are included** If the parent company(ies) is (are) (an) enterprise(s) governed by foreign law disclose where the consolidated accounts can be obtained** * Delete where no appropriate. ** Where the accounts of the enterprise are consolidated at different levels, the information should be given for the consolidated aggregate at the highest level on the one hand and the lowest level on the other hand of which the enterprise is a subsidiary and for which consolidated accounts are prepared and published. 33/37

34 Nr C FINANCIAL RELATIONSHIPS OF THE GROUP LED BY THE COMPANY IN BELGIUM WITH THE AUDITOR(S) OR PEOPLE HE (THEY) IS (ARE) LINKED TO Codes Period Mentions related to article 134, paragraphs 4 and 5 from the Companies Law Auditor's fees for carrying out an auditor's mandate on the level of the group led by the company that publishes the information..... Fees for exceptional services or special missions executed in this group by the auditor(s) ,00 Other attestation missions Tax consultancy Other missions external to the audit Fees for the people they are linked to the auditor(s) for carrying out an auditor's mandate on the level of the group led by the company that publishes the information 9509 Fees for exceptional services or special missions executed in this group by the people they are linked to the auditor(s) Other attestation missions..... Tax consultancy Other missions external to the audit , , ,00 Mention related to article 133, paragraph 6 from the Companies Law In its meeting of 17 May 2011, the Audit Committee has approved the exemption on the 1:1 rule as the other services delivered do not endanger the independence of the statutory auditor. 34/37

35 Nr C 6 SOCIAL REPORT Numbers of joint industrial committees which are competent for the enterprise: 207 STATEMENT OF THE PERSONS EMPLOYED EMPLOYEES RECORDED IN THE STAFF REGISTER During the period and the previous period Codes 1. Full-time 2. Part-time 3. Total (T) or total of full-time equivalents (FTE) 3P.Total (T) or total of full-time equivalents (FTE) (period) (period) (period) (previous period) Average number of employees ,7 30,4 242,5 (FTE) 206,4 (FTE) Number of hours actually worked (T) (T) Personnel costs , , ,84 (T) ,00 (T) Advantages in addition to wages. 103 (T) (T) At the closing date of the period Codes 1. Full-time 2. Part-time 3. Total in full-time equivalents Number of employees recorded in the personnel register ,5 By nature of the employment contract Contract for an indefinite period ,0 Contract for a definite period ,5 Contract for the execution of a specifically assigned work 112 Replacement contract According to the gender and by level of education Male ,4 primary education secondary education ,0 higher education (non-university) ,8 university education ,6 Female ,1 primary education secondary education ,9 higher education (non-university) ,2 university education ,0 By professional category Management staff Employees ,5 Workers 132 Other /37

36 Nr C 6 HIRED TEMPORARY STAFF AND PERSONNEL PLACED AT THE ENTERPRISE'S DISPOSAL During the period Codes 1. Temporary personnel 2. Persons placed at the disposal of the enterprise Average number of employees Number of hours actually worked.... Charges of the enterprise , ,84 TABLE OF PERSONNEL CHANGES DURING THE PERIOD ENTRIES Codes 1. Full-time 2. Part-time 3. Total in full-time equivalents Number of employees recorded on the personnel register during the financial year ,5 By nature of the employment contract Contract for an indefinite period ,0 Contract for a definite period ,5 Contract for the execution of a specifically assigned work Replacement contract DEPARTURES Codes 1. Full-time 2. Part-time 3. Total in full-time equivalents The number of employees with a in the staff register listed date of termination of the contract during the period ,5 By nature of the employment contract Contract for an indefinite period... Contract for a definite period. Contract for the execution of a specifically assigned work. Replacement contract ,5 4,0 According to the reason for termination of the employment contract Retirement. Early retirement... Dismissal. Other reason ,0 18,5 Of which the number of persons who continue to render services to the enterprise at least half-time on a self-employed basis /37

37 Nr C 6 INFORMATION WITH REGARD TO TRAINING RECEIVED BY EMPLOYEES DURING THE PERIOD Total number of official advanced professional training projects at company expense Codes Male Codes Female Number of participating employees Number of training hours Costs for the company , ,00 of which gross costs directly linked to the training , ,00 of which paid contributions and deposits in collective funds , ,00 of which received subsidies (to be deducted) , ,00 Total number of less official and unofficial advance professional training projects at company expense Number of participating employees Number of training hours Costs for the company , ,00 Total number of initial professional training projects at company expense Number of participating employees Number of training hours Costs for the company /37

38 1. Summary of valuation rules and additional information 1. Principles The valuation rules have been prepared in agreement with the requirements of the Royal Decree of 30 January 2001 concerning the enforcement of the Commercial Code. 2. Specific Rules Company Formation Expenses Formation expenses are charged directly to the profit and loss account. Intangible Fixed Assets Concessions, patents, licenses, know how, trademarks. Software licenses and implementation costs are capitalised at their acquisition prices, and depreciated straight line at a ratio of 33.33% per year. Other licenses are valued at their acquisition prices and depreciated straight line over the economic life of the patent to which they relate. The maximum depreciation period for other licenses is five years. Research and Development Research costs have also been capitalised at cost price, insofar as the cost price does not exceed the value in use or the future return of these assets for the company. They are depreciated straight line over five years. Other intangible fixed assets are capitalised at their cost price and depreciated straight line at a percentage that corresponds to their probable useful life for the company. These other intangible fixed assets include contributed technology. The contribution value of this technology is depreciated linearly over five years. Tangible Fixed Assets Tangible fixed assets are capitalised at their acquisition price, including all subsequent direct costs required to make such assets operational. The following depreciation percentages are used:

39 Asset Method Basis Depreciation % L-D-O NR-R Principle costs (Min- Max) Subsequent costs (Min- Max) 1 Formation Cost 2 Intangible Fixed Assets L NR % 3 Installations, machinery and equipment L NR 33.3% 4 Office equipment and furniture L NR 20% 5 Other tangible fixed assets L NR 33.3% 6 Leasehold improvements : the shorter of the useful life or the minimum rent term L = linear D = degressive O = Other NR = not revalued R = revalued Financial Fixed Assets Guarantees are measured at their acquisition price. Amounts Receivable within One Year The receivables are measured at their nominal value. Each receivable is individually valued. Devaluation of receivables is recorded, if the actual value is lower than their nominal value. Cash Cash is measured at its nominal value. Grants, Government Incentives and FTE income Grants and government incentives are recognised in the income statement when all the conditions of the grants and government incentives are fulfilled and costs are incurred. Grants, government incentives and FTE income (as from 2011) related to capitalised research cost are recognised in the income statement in accordance with the depreciation rhythm of the asset to which they relate. In accordance with the CBN recommendation issued in 2010, the reduction in withholding tax has been directly recorded in other operating income. Amounts Payable within One Year Amounts payable are measured at their nominal value.

40 Foreign Currencies Transactions in foreign currencies during the year are booked at the current exchange rate. All outstanding payables and receivables at year end are recorded at the exchange rate on the balance sheet date. Exchange rate gains and losses are recognised in the results under the heading Other Financial Charges and Income. Turnover Turnover from research contracts is recognised over the duration of the contract in accordance with the progress of the work and contractual terms.