XML 14 R5.htm IDEA: XBRL DOCUMENT v3.19.2
Unaudited Condensed Consolidated Statement of Cash Flows - EUR (€)
€ in Thousands
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Result after taxation € (18,193) € (13,026)
Adjustments for:    
Unrealized foreign exchange results (698) (3,648)
Depreciation and amortization 1,049 218
Share-based payment expenses 3,058 4,554
Other non-cash adjustments (1,085) (531)
Cash flows from (used in) operations before changes in working capital (15,869) (12,433)
Changes in operating assets and liabilities:    
Taxes and social security assets (978)  
Trade and other receivables (1,164) (959)
Other assets 333 (38)
Trade payables (1,153) 2,307
Other liabilities and accruals 882 2,233
Deferred revenue (7,735) (5,796)
Taxes and social security liabilities (128) (143)
Cash used in operations (25,812) (14,829)
Interest paid (96) (1)
Taxes paid (171) (302)
Net cash used in operating activities (26,079) (15,132)
Cash flow from investing activities    
Purchases of investments (30,551) (29,560)
Proceeds from investment maturities 45,114 18,931
Purchases of intellectual property   (100)
Acquisition of property, plant and equipment (889) (624)
Interest received 929 602
Net cash provided by (used in) investing activities 14,603 (10,751)
Cash flow from financing activities    
Proceeds from issuing shares, net of issuance costs 1 44,731
Proceeds from share option exercises 26  
Payment of lease liabilities (691)  
Net cash provided by (used in) financing activities (664) 44,731
Net increase (decrease) in cash and cash equivalents (12,140) 18,848
Effects of exchange rate changes on cash and cash equivalents 386 1,801
Cash and cash equivalents as at beginning of period 143,747 149,678
Cash and cash equivalents as at end of period 131,993 170,327
Changes in accrued capital expenditures € (363) € 271