The interim financial statements as of and for the three months ended March 31, 2016 and 2015 were authorized for issue by the Management Board on May 12, 2016.
2. Summary of significant accounting policies
The principal accounting policies applied in the preparation of these interim financial statements are set out in the Company’s financial statements as of December 31, 2015, which can be found in its Annual Report on Form 20-F that was filed with the U.S. Securities and Exchange Commission. These policies have been applied to all financial periods presented.
3. Inventories
| 03/31/2016 | 12/31/2015 | ||||||
| (€ in thousands) | |||||||
| Raw materials | 909 | 621 | |||||
| Work in progress | 7,516 | 6,095 | |||||
| Finished goods | 1,064 | 1,125 | |||||
| Total | 9,489 | 7,841 |
