Consolidated cash flow statements
(unaudited)
|
Six months ended 30 June |
|
(thousands of €) |
2020 |
2019 |
Net loss of the period |
(165,643) |
(95,905) |
|
|
|
Adjustment for non-cash transactions |
87,724 |
23,278 |
Adjustment for items to disclose separately under operating cash flow |
(1,810) |
(2,864) |
Adjustment for items to disclose under investing and financing cash flows |
(2,363) |
(3) |
Change in working capital other than deferred income |
55,299 |
(15,918) |
Decrease in deferred income |
(185,537) |
(53,478) |
|
|
|
Cash used in operations |
(212,329) |
(144,890) |
|
|
|
Interest paid |
(1,406) |
(628) |
Interest received |
5,182 |
3,866 |
Corporate taxes paid |
(1,276) |
(88) |
|
|
|
Net cash flows used in operating activities |
(209,829) |
(141,740) |
|
|
|
Purchase of property, plant and equipment |
(9,207) |
(5,033) |
Purchase of and expenditure in intangible fixed assets |
(15,673) |
(3,535) |
Proceeds from disposal of property, plant and equipment |
4 |
2 |
Purchase of current financial investments |
(2,968,597) |
- |
Interests received related to current financial investments |
3,296 |
- |
Sale of current financial investments |
3,699,036 |
- |
Acquisition of financial assets |
(2,681) |
(177) |
Proceeds from sale of financial assets held at fair value through profit or loss |
6,626 |
82 |
|
|
|
Net cash flows generated / used (-) in investing activities |
712,804 |
(8,661) |
|
|
|
Payment of lease liabilities |
(3,023) |
(2,144) |
Proceeds from capital and share premium increases from exercise of subscription rights |
23,268 |
7,805 |
|
|
|
Net cash flows generated in financing activities |
20,246 |
5,661 |
|
|
|
Increase/decrease (-) in cash and cash equivalents |
523,222 |
(144,740) |
|
|
|
Cash and cash equivalents at beginning of the period |
1,861,616 |
1,290,796 |
|
|
|
Increase/decrease (-) in cash and cash equivalents |
523,222 |
(144,740) |
|
|
|
Effect of exchange rate differences on cash and cash equivalents |
(617) |
1,866 |
|
|
|
Cash and cash equivalents at the end of the period |
2,384,220 |
1,147,923 |
The accompanying notes form an integral part of these condensed consolidated financial statements.
|
30 June |
|
(thousands of €) |
2020 |
2019 |
Current financial investments |
3,182,276 |
- |
Cash and cash equivalents |
2,384,220 |
1,147,923 |
Current financial investments and cash and cash equivalents |
5,566,496 |
1,147,923 |
The accompanying notes form an integral part of these condensed consolidated financial statements.