Consolidated cash flow statements
for the years ended 31 December
|
Year ended 31 December, |
|
|||
(thousands of €) |
2014 |
2013(*) |
Notes |
||
|
|||||
Cash and cash equivalents at beginning of year |
138,175 |
94,369 |
|||
|
|
|
|
||
Net income / loss (–) |
33,211 |
(8,079) |
|
||
|
|
|
|
||
Adjustments for: |
|
|
|
||
Tax income (–) / expenses |
2,337 |
(3,115) |
|||
Financial income (–) / expenses |
(1,841) |
174 |
|||
Depreciation of property, plant and equipment |
3,582 |
6,036 |
|||
Amortization of intangible fixed assets |
1,067 |
2,118 |
|||
Net realized loss on foreign exchange transactions |
(261) |
(2,078) |
|
||
Share-based compensation |
2,952 |
2,742 |
|||
Increase / decrease (–) in provisions |
27 |
(88) |
|||
Increase in pension liabilities |
409 |
154 |
|
||
Gain on sale of service division |
(67,508) |
|
|||
|
|
|
|
||
Operating cash flows before movements in working capital |
(26,025) |
(2,137) |
|
||
|
|
|
|
||
Increase in inventories |
(32) |
(39) |
|||
Increase (–) / decrease in receivables |
(10,110) |
1,069 |
|||
Increase/decrease (–) in payables |
(40,311) |
2,242 |
|||
|
|
|
|
||
Cash generated / used (–) from operations |
(76,479) |
1,136 |
|
||
|
|
|
|
||
Interest paid |
(113) |
(164) |
|
||
Interest received |
951 |
959 |
|
||
Income taxes paid (–) / received |
86 |
(85) |
|
||
|
|
|
|
||
Net cash flows generated / used (–) in operating activities |
(75,555) |
1,846 |
|
||
|
|
|
|
||
Purchase of property, plant and equipment |
(2,061) |
(7,328) |
|||
Purchase of and expenditure in intangible fixed assets |
(743) |
(545) |
|||
Proceeds from disposal of property, plant and equipment |
45 |
65 |
|||
Acquisitions (–) of subsidiaries, net of cash acquired |
– |
(1,152) |
|||
Disposals of subsidiaries, net of cash disposed |
130,787 |
|
|||
Increase (–) in restricted cash |
(7,422) |
(3,028) |
|||
|
|
|
|
||
Net cash flows generated / used (–) in investing activities |
120,606 |
(11,988) |
|
||
|
|
|
|
||
Repayment of obligations under finance leases and other debts |
(216) |
(308) |
|||
Proceeds from Capital and Share premium increases, net of issue costs |
4,430 |
54,803 |
|||
|
|
|
|
||
Net cash flows generated in financing activities |
4,214 |
54,495 |
|
||
|
|
|
|
||
Effect of exchange rate differences on cash and cash equivalents |
271 |
(548) |
|
||
|
|
|
|
||
Increase in cash and cash equivalents |
49,537 |
43,806 |
|
||
|
|
|
|
||
Cash and cash equivalents at end of year |
187,712 |
138,175 |
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||