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CONSOLIDATED STATEMENT OF CASH FLOWS - EUR (€)
€ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Statement of cash flows [abstract]      
Loss before Income tax € (226,490) € (169,494) € (153,902)
Depreciation and amortisation of tangible and intangible assets 7,906 2,166 1,637
Impairment losses on loans, receivables and other assets 5,877 4,436 3,270
Impairment losses on obsolete inventories 275 288 1,084
Share-based payment expense 37,267 17,409 26,258
Net (gain) loss from disposal of tangible and intangible assets (149) 52 (238)
Impairment losses on investment in subsidiaries 28    
Change in provision for other liabilities and charges 6,780 5,324 6,905
Cost related to write-off during mergers     26
Interest (income)/expenses (682) (17) (193)
Net unrealized foreign exchange (gain)/loss (1,034) (620) (571)
(Increase)/Decrease in trade and other receivables, prepayments and VAT receivables (15,443) (717) (20,820)
(Increase)/Decrease in inventories (509) (636) (6,554)
Increase/(Decrease) in trade and other payables, deferred income and VAT payables 4,880 4,606 26,695
Income taxes paid (1,294) (1,809) (573)
Net cash flows used in operating activities (182,588) (139,012) (116,976)
Cash flows from investing activities      
Purchase of property and equipment (5,658) (3,508) (2,150)
Proceeds from sale of property and equipment 51 20 17
Purchase of intangible assets (109) (27) (103)
Proceeds from sale of intangible assets 224 219 231
Payment for acquisition of subsidiary, net of cash acquired 7    
Interest received 795    
Movement in other non-current assets (295) (337) (576)
Placement of term deposits (62,716)    
Net cash flows used in investing activities (67,701) (3,633) (2,581)
Cash flows from (used in) financing activities [abstract]      
Proceeds from borrowings     1,556
Repayment of borrowings (9) (2,244)  
Interest settled - financing (22) (142)  
Repayment of lease interest (1,176)    
Repayment of lease liabilities (3,769)    
Equity transaction costs (7,357)    
Capital contributions (329,161) (215,985) (120,000)
Buy back of shares from non-controlling interests   350  
Net cash flows from financing activities 316,828 213,249 121,556
Net increase in cash and cash equivalents 66,539 70,604 1,999
Effect of exchange rate changes on cash and cash equivalents 2,847 303 (2,060)
Cash and cash equivalents at the beginning of the year 100,635 29,728 29,789
Cash and cash equivalents at the end of the year € 170,021 € 100,635 € 29,728