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Consolidated Statement of Cash Flows - EUR (€)
€ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flow from operating activities      
Net loss € (43,675) € (39,103) € (20,832)
Adjustments for:      
Depreciation 1,065 1,245 480
Share-based payment expenses 4,024 2,454 1,212
Financial income and expense 3,175 (470) (6,171)
Net foreign exchange gain / (loss) 151 (16) 1
Changes in working capital 164 1,433 637
Corporate income tax paid (2)    
Interest received 147 236 441
Net cash used in operating activities (34,951) (34,221) (24,232)
Cash flow from investing activities      
Purchases of intangible assets     (28)
Purchases of property, plant and equipment (121) (2,539) (1,296)
Net cash used in investing activities (121) (2,539) (1,324)
Cash flow from financing activities      
Proceeds from issuance of shares, net of transaction costs 25,685    
Proceeds from exercise of share options 4 2 14
Proceeds from borrowings 301 370 1,640
Proceeds from convertible loans 650    
Redemption of financial lease   (15) (34)
Net cash generated by financing activities 26,640 357 1,620
Net increase/(decrease) in cash and cash equivalents (8,432) (36,403) (23,936)
Currency effect cash and cash equivalents (2,669) 738 6,065
Cash and cash equivalents at the beginning of the year 59,200 94,865 112,736
Cash and cash equivalents at the end of the year € 48,099 € 59,200 € 94,865