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Consolidated Statement of Cash Flows
3 Months Ended 6 Months Ended
Jun. 30, 2019
EUR (€)
Jun. 30, 2018
EUR (€)
Jun. 30, 2019
EUR (€)
Jun. 30, 2018
EUR (€)
Cash flow from operating activities        
Net result € (11,733,000) € (7,400,000) € (25,977,000) € (18,117,000)
Adjustments for:        
Amortization & depreciation & Impairment 516,000 243,000 1,037,000 483,000
Share-based payment expenses 1,100,000 640,000 3,388,000 1,511,000
Financial income and expenses 531,000 (269,000) 37,000 590,000
Results related to associates (698,000)   (698,000)  
Net foreign exchange gain / (loss) (38,000) 15,000 (26,000) (11,000)
Changes in working capital (500,000) 1,354,000 (974,000) 418,000
Other inflows (outflows) of cash (10,822,000) (5,417,000) (23,213,000) (15,126,000)
Corporate income tax paid (64,000) (1,000) (64,000) (1,000)
Interest received 32,000   86,000  
Interest paid (24,000) (6,000) (51,000) (7,000)
Net cash used in operating activities (10,878,000) (5,424,000) (23,242,000) (15,134,000)
Cash flow from investing activities        
Purchases of property, plant and equipment (86,000) (182,000) (309,000) (186,000)
Net cash used in investing activities (86,000) (182,000) (309,000) (186,000)
Cash flow from financing activities        
Proceeds from exercise of share options 93,000 23,000 164,000 23,000
Proceeds from borrowings       101,000
Proceeds from convertible loans   115,000 690,000 315,000
Redemption of lease liability (287,000)   (571,000)  
Net cash (used in)/generated by financing activities (194,000) 138,000 283,000 439,000
Net increase/(decrease) in cash and cash equivalents (11,158,000) (5,468,000) (23,268,000) (14,881,000)
Currency effect cash and cash equivalents (458,000) 435,000 152,000 (250,000)
Cash and cash equivalents, at beginning of the period 94,080,000 38,001,000 105,580,000 48,099,000
Cash and cash equivalents at the end of the period € 82,464,000 € 32,968,000 € 82,464,000 € 32,968,000