Consolidated cash flow statements
(unaudited)
|
Six months ended 30 June |
|
(thousands of €) |
2019 |
2018 |
Net loss of the period |
(95,905) |
(59,056) |
|
|
|
Adjustment for non-cash transactions |
23,278 |
8,978 |
Adjustment for items to disclose separately under operating cash flow |
(2,864) |
(1,340) |
Adjustment for items to disclose under investing and financing cash flows |
(3) |
– |
Change in working capital other than deferred income |
(15,918) |
18,165 |
Decrease in deferred income |
(53,478) |
(59,967) |
|
|
|
Cash used in operations |
(144,890) |
(93,219) |
|
|
|
Interest paid |
(628) |
(848) |
Interest received |
3,866 |
2,789 |
Corporate taxes paid |
(88) |
– |
|
|
|
Net cash flows used in operating activities |
(141,740) |
(91,278) |
|
|
|
Purchase of property, plant and equipment |
(5,033) |
(3,003) |
Purchase of intangible fixed assets |
(3,535) |
(722) |
Proceeds from disposal of property, plant and equipment |
2 |
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 |
(8,661) |
(3,724) |
Payment of lease liabilities |
(2,144) |
(7) |
Proceeds from capital and share premium increases from exercise of warrants |
7,805 |
5,261 |
|
|
|
Net cash flows generated in financing activities |
5,661 |
5,254 |
|
|
|
Decrease in cash and cash equivalents |
(144,740) |
(89,748) |
|
|
|
|
|
|
Cash and cash equivalents at beginning of the period |
1,290,796 |
1,151,211 |
|
|
|
Decrease in cash and cash equivalents |
(144,740) |
(89,748) |
|
|
|
Effect of exchange rate differences on cash and cash equivalents |
1,866 |
5,304 |
|
|
|
Cash and cash equivalents at end of the period |
1,147,923 |
1,066,766 |
The accompanying notes form an integral part of these condensed consolidated financial statements.