Consolidated cash flow statements
|
Year ended 31 December |
|
|
(thousands of €) |
2015 |
2014 |
Notes |
Cash and cash equivalents at beginning of year |
187,712 |
138,175 |
|
|
|
|
|
Net income / loss (–) |
(118,410) |
33,211 |
|
|
|
|
|
Adjustments for: |
|
|
|
Tax income (–) / expenses |
(1,218) |
2,337 |
|
Other net financial income |
(448) |
(1,841) |
|
Fair value re-measurement of share subscription agreement |
30,632 |
– |
|
Depreciation of property, plant and equipment |
2,372 |
3,582 |
|
Amortization of intangible fixed assets |
1,030 |
1,067 |
|
Net realized loss on foreign exchange transactions |
(398) |
(261) |
|
Share-based compensation |
5,036 |
2,952 |
|
Increase / decrease (–) in provisions |
(125) |
27 |
|
Increase in pension liabilities |
30 |
409 |
|
Gain on sale of fixed assets |
(62) |
|
|
Gain on sale of service division |
|
(67,508) |
|
|
|
|
|
Operating cash flows before movements in working capital |
(81,560) |
(26,025) |
|
|
|
|
|
Increase in inventories |
(44) |
(32) |
|
Increase in receivables |
(7,220) |
(10,110) |
|
Decrease in payables |
(26,728) |
(40,311) |
|
|
|
|
|
Cash used in operations |
(115,553) |
(76,479) |
|
|
|
|
|
Interest paid |
(49) |
(113) |
|
Interest received |
1,106 |
951 |
|
Income taxes paid (–) / received |
(94) |
86 |
|
|
|
|
|
Net cash flows used in operating activities |
(114,590) |
(75,555) |
|
|
|
|
|
Purchase of property, plant and equipment |
(6,100) |
(2,061) |
|
Purchase of and expenditure in intangible fixed assets |
(565) |
(743) |
|
Proceeds from disposal of property, plant and equipment |
110 |
45 |
|
Disposals of subsidiaries, net of cash disposed |
|
130,787 |
|
Increase (–) / decrease in restricted cash |
2,258 |
(7,422) |
|
|
|
|
|
Net cash flows generated / used (–) in investing activities |
(4,297) |
120,606 |
|
|
|
|
|
Repayment of obligations under finance leases and other debts |
(43) |
(216) |
|
Proceeds from capital and share premium increases, net of issue costs |
271,413 |
4,430 |
|
|
|
|
|
Net cash flows generated in financing activities |
271,370 |
4,214 |
|
|
|
|
|
Effect of exchange rate differences on cash and cash equivalents |
118 |
271 |
|
|
|
|
|
Increase in cash and cash equivalents |
152,601 |
49,537 |
|
|
|
|
|
Cash and cash equivalents at end of year |
340,314 |
187,712 |
|