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Consolidated Statement of Cash Flows - EUR (€)
€ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities        
Net result € (14,670) € (15,753) € (29,120) € (28,371)
Adjustments for:        
Depreciation 591 602 1,161 1,233
Share-based compensation 738 1,471 1,921 2,719
Financial income and expenses 120 2,464 1,378 2,757
Results related to associates     8  
Gain on disposal of associate       (514)
Results related to financial liabilities measured at fair value through profit or loss (62) 33 (3,826) 762
Gain on derecognition of financial liabilities (1,144)   (1,144)  
Income tax expenses 20 53 27 60
Changes in working capital 820 1,774 (3,234) 822
Cash used in operations (13,587) (9,356) (32,829) (20,532)
Corporate income tax paid (20) (53) (27) (60)
Interest received   5   5
Interest paid (1,237) (575) (2,455) (1,153)
Net cash used in operating activities (14,844) (9,979) (35,311) (21,740)
Cash flow from investing activities        
Purchases of property, plant and equipment (231) (52) (475) (84)
Net cash used in investing activities (231) (52) (475) (84)
Cash flow from financing activities        
Proceeds from issuance of shares, net of transaction costs   82,601   85,254
Proceeds from exercise of share options   185 33 753
Proceeds from borrowings   569   569
Repayment of lease liability (357) (14) (933) (250)
Net cash (used in)/generated by financing activities (357) 83,341 (900) 86,326
Net increase (decrease) in cash and cash equivalents (15,432) 73,310 (36,686) 64,502
Currency effect cash and cash equivalents 4,222 (1,746) 5,564 (898)
Cash and cash equivalents, at beginning of the period 167,612 67,878 187,524 75,838
Cash and cash equivalents at the end of the period € 156,402 € 139,442 € 156,402 € 139,442