Consolidated cash flow statements

Cash and cash equivalents at beginning of year

Net income / loss (–)

Other net financial expenses

Fair value re-measurement of share subscription agreement

Depreciation of property, plant and equipment

Amortization of intangible fixed assets

Net realized loss on foreign exchange transactions and net other financial expenses paid

Share-based compensation

Increase in pension liabilities

Gain on sale of fixed assets

Operating cash flows before movements in working capital

Increase in inventories

Increase in receivables

Increase in payables

Increase / decrease (–) in deferred income

Cash generated / used (–) in operations

Interest paid

Interest received

Net cash flows generated / used (–) in operating activities

Purchase of property, plant and equipment

Purchase of and expenditure in intangible fixed assets

Proceeds from disposal of property, plant and equipment

Decrease in restricted cash

Net cash flows generated / used (–) in investing activities

Repayment of obligations under finance leases and other debts

Proceeds from capital and share premium increases, net of issue costs

Net cash flows generated/ used (–) in financing activities

Effect of exchange rate differences on cash and cash equivalents

Increase / decrease (–) in cash and cash equivalents

Cash and cash equivalents at end of the period