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Consolidated Statement of Cash Flows - EUR (€)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Cash flow from operating activities        
Net result € (4,119,000) € (11,733,000) € (20,197,000) € (25,977,000)
Adjustments for:        
Depreciation 530,000 516,000 1,052,000 1,037,000
Share-based compensation 1,802,000 1,100,000 4,672,000 3,388,000
Other income (8,423,000)   (8,423,000)  
Financial income and expenses 696,000 531,000 161,000 37,000
Results related to associates 52,000 (698,000) 186,000 (698,000)
Net foreign exchange gain / (loss) (135,000) (38,000) 121,000 (26,000)
Changes in working capital (907,000) (500,000) (3,108,000) (974,000)
Cash used in operations (10,504,000) (10,822,000) (25,536,000) (23,213,000)
Corporate income tax paid (11,000) (64,000) (11,000) (64,000)
Interest received 62,000 32,000 91,000 86,000
Interest paid (34,000) (24,000) (38,000) (51,000)
Cash used in operations (10,487,000) (10,878,000) (25,494,000) (23,242,000)
Cash flow from investing activities        
Purchases of property, plant and equipment (344,000) (86,000) (542,000) (309,000)
Net cash used in investing activities (344,000) (86,000) (542,000) (309,000)
Cash flow from financing activities        
Proceeds from exercise of share options 243,000 93,000 712,000 164,000
Proceeds from borrowings 289,000   579,000  
Proceeds from convertible loans 65,000   65,000 690,000
Repayment of lease liability (105,000) (287,000) (307,000) (571,000)
Net cash (used in)/generated by financing activities 492,000 (194,000) 1,049,000 283,000
Net increase/(decrease) in cash and cash equivalents (10,339,000) (11,158,000) (24,987,000) (23,268,000)
Currency effect cash and cash equivalents (583,000) (458,000) 178,000 152,000
Cash and cash equivalents, at beginning of the period 98,063,000 94,080,000 111,950,000 105,580,000
Cash and cash equivalents at the end of the period € 87,141,000 € 82,464,000 € 87,141,000 € 82,464,000