Consolidated cash flow statements

Unaudited condensed consolidated interim financial statements

(unaudited)

 

Three months ended 31 March

(thousands of €)

2019

2018

Net loss of the period

(48,656)

(37,283)

 

 

 

Adjustment for non-cash transactions

5,524

11,057

Adjustment for items to disclose separately under operating cash flow

(1,517)

(530)

Adjustment for items to disclose under investing and financing cash flows

(3)

Change in working capital other than deferred income

(2,294)

20,482

Decrease in deferred income

(25,979)

(34,458)

 

 

 

Cash used in operations

(72,925)

(40,732)

 

 

 

Interest paid

(327)

(500)

Interest received

1,565

1,428

Corporate taxes paid

(11)

 

 

 

Net cash flows used in operating activities

(71,698)

(39,804)

 

 

 

Purchase of property, plant and equipment

(2,103)

(1,192)

Purchase of intangible fixed assets

(1,201)

(340)

Proceeds from disposal of property, plant and equipment

1

1

Acquisition of financial assets held at fair value through profit or loss

(177)

Proceeds from sale of financial assets held at fair value through profit or loss

82

 

 

 

Net cash flows used in investing activities

(3,398)

(1,531)

 

 

 

Payment of lease liabilities

(1,248)

(19)

Proceeds from capital and share premium increases from exercise of warrants

3,481

3,924

 

 

 

Net cash flows generated in financing activities

2,233

3,905

 

 

 

Decrease in cash and cash equivalents

(72,863)

(37,430)

 

 

 

 

 

 

Cash and cash equivalents at beginning of the period

1,290,796

1,151,211

 

 

 

Decrease in cash and cash equivalents

(72,863)

(37,430)

 

 

 

Effect of exchange rate differences on cash and cash equivalents

4,968

(5,595)

 

 

 

Cash and cash equivalents at end of the period

1,222,901

1,108,186

The accompanying notes form an integral part of these condensed consolidated financial statements.