Biofrontera AG | CIK:0001712641 | 3

  • Filed: 4/30/2018
  • Entity registrant name: Biofrontera AG (CIK: 0001712641)
  • Generator: Novaworks Software
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1712641/000149315218005915/0001493152-18-005915-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1712641/000149315218005915/bfra-20171231.xml
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  • ifrs-full:DisclosureOfOtherProvisionsExplanatory

    13. Other provisions

     

    Other provisions report the following changes:

     

                                Translation        
    (in EUR thousands)   01.01.2017     Utilisation     Released     Added     difference     31.12.2017  
                                         
    Bonuses for employees     506       484       -       1,162       (22 )     1,162  
    Outstanding vacation     198       187       -       263       (11 )     263  
    Outstanding invoices     936       710       45       775       (27 )     929  
    Costs for financial statements and auditing     154       140       14       143       -       143  
    Other provisions     30       5       -       13       -       38  
    Total provisions     1,824       1,526       59       2,356       (59 )     2,535  

     

    Other provisions concern various individually identifiable risks and contingent liabilities. Provisions classified as current are expected to lead to an outflow of economic benefits prospectively within the subsequent financial year.