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Statements of Cash Flows - CHF (SFr)
SFr in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Income / (loss) for the period SFr (26,411) SFr (7,096) SFr 20,270
Adjustments to reconcile net income for the period to net cash flows:      
Depreciation of property, plant and equipment 580 278 287
Finance result, net 3,872 (3,360) (1,646)
Share-based compensation expense 1,579 1,317 540
Changes in pensions 348 250 (359)
Accrued interest on long-term debt 99 0 0
Changes in working capital:      
Prepaid expenses (162) (494) (2,135)
Accrued income (1,910) (842) 6
Other current receivables (401) (248) 25,666
Accrued expenses 2,940 1,564 1,707
Deferral of unearned revenue (156) 476 (160)
Long-term financing obligation 204 0 0
Accounts payable (2,853) 2,592 (141)
Cash provided by/(used in) operating activities (22,271) (5,563) 44,035
Interest income 330 43 55
Finance costs (153) (126) (6)
Net cash flows provided by/(used in) operating activities (22,094) (5,646) 44,084
Investing activities      
Purchases of property, plant and equipment (1,802) (899) (244)
Rent deposit (40) 0 0
Net cash flows used in investing activities (1,842) (899) (244)
Financing activities      
Proceeds from issuance of preferred Series E 0 13,206 29,499
Proceeds from issuance of common shares 0 69,388 0
Transaction costs of issue of shares 0 (4,105) (1,859)
Proceeds from issuance of shares-option plans 71 301 83
Proceeds from long-term debt 200 0 0
Proceeds from employee loan repayments 0 0 55
Net cash flows provided by financing activities 271 78,790 27,778
Net increase / (decrease) in cash and cash equivalents (23,665) 72,245 71,618
Cash and cash equivalents, beginning of period 152,210 76,522 3,306
Exchange gains on cash and cash equivalents (4,168) 3,443 1,598
Cash and cash equivalents, end of period 124,377 152,210 76,522
Net increase / (decrease) in cash and cash equivalents SFr (23,665) SFr 72,245 SFr 71,618