Consolidated cash flow statements

Consolidated cash flow statements

(unaudited)

 

Six months ended 30 June,

(thousands of €)

2015

2014

Cash and cash equivalents at beginning of period

187,712

138,175

 

 

 

Net income / loss (–)

(34,183)

55,866

 

 

 

Adjustments for:

 

 

Tax income (–) / expenses

(1,468)

233

Financial income (–) / expenses

68

(1,538)

Depreciation of property, plant and equipment

1,165

2,151

Amortization and impairment of intangible fixed assets

638

647

Net realized gain / loss (–) on foreign exchange transactions

(309)

148

Share based compensation

985

1,540

Decrease in provisions

(80)

(52)

Increase in pension liabilities

146

 

Gain on sale of service division

 

(67,480)

 

 

 

Operating cash flows before movements in working capital

(33,038)

(8,485)

 

 

 

Increase in inventories

(80)

(48)

Increase in receivables

(7,847)

(12,375)

Decrease in payables

(21,681)

(21,389)

 

 

 

Cash used in operations

(62,647)

(42,297)

 

 

 

Interest paid

(23)

(70)

Interest received

463

571

 

 

 

Net cash flows used in operating activities

(62,207)

(41,796)

 

 

 

Purchase of property, plant and equipment

(2,264)

(1,233)

Purchase of and expenditure in intangible fixed assets

(200)

(150)

Proceeds from disposal of property, plant and equipment

49

9

Disposals of subsidiaries, net of cash disposed

 

130,845

Increase (–) / decrease in restricted cash

3,000

(7,421)

 

 

 

Net cash flows generated in investing activities

585

122,050

 

 

 

Repayment of obligations under finance leases and other debts

(20)

(139)

Proceeds from Capital and Share premium increases

288,917

2,382

Issue costs of capital increase paid

(17,654)

 

Net cash flows generated in financing activities

271,243

2,243

 

 

 

Effect of exchange rate differences on cash and cash equivalents

144

133

 

 

 

Increase in cash and cash equivalents

209,765

82,630

 

 

 

Cash and cash equivalents at end of period

397,477

220,805