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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities      
(Loss)/Profit for the year $ (40,270) $ (100,625) $ 21,796
Adjustments to reconcile net profit to cash provided by operating activities:      
Depreciation 1,896 3,159 2,989
Amortisation 3,303 2,973 2,653
Income tax (credit)/expense (374) (8,630) 1,080
Financial income (3,198) (3,147) (13,491)
Financial expense 5,405 5,444 4,063
Share-based payments 928 1,414 1,550
Foreign exchange (gains)/losses on operating cash flows 307 (226) (2,115)
Loss on disposal or retirement of property, plant and equipment 3 15 15
Movement in inventory provision 2,275 (533) 852
Impairment of inventory 7,405
Impairment of prepayments 1,651 757
Impairment of property, plant and equipment 10,437 9,029
Impairment of intangible assets 29,667 87,673
Provision for closure costs (1,794) 3,431
Other non-cash items (728) 4,087 563
Operating cash flows before changes in working capital 9,508 12,226 19,955
Decrease / (increase) in trade and other receivables 306 682 (772)
Increase in inventories (2,461) (3,622) (2,336)
Increase / (decrease) in trade and other payables 2,017 1,270 (3,329)
Cash generated from operations 9,370 10,556 13,518
Interest paid (53) (60) (34)
Interest received 776 901 135
Income taxes paid (843) (1,169) (463)
Net cash generated by operating activities 9,250 10,228 13,156
Cash flows from investing activities      
Payments to acquire intangible assets (10,229) (16,548) (19,492)
Acquisition of property, plant and equipment (4,839) (4,215) (7,094)
Licence fees (1,112) (1,112) (1,112)
Net cash used in investing activities (16,180) (21,875) (27,698)
Cash flows from financing activities      
Proceeds from issue of ordinary share capital 857 2,943
Share buyback (7,799) (9,322)
Expenses paid in connection with share issue and debt financing (8) (6)
Dividends paid to equity holders of the parent (5,099)
Proceeds from issuance of exchangeable notes 115,000
Fees relating to issuance of exchangeable notes (4,471)
Interest payment on exchangeable notes (4,600) (4,600) (2,198)
Proceeds from new finance leases 51 1,489
Payment of finance lease liabilities (295) (282) (138)
Net cash generated by / (used in) financing activities (12,643) (13,355) 107,520
Increase / (Decrease) in cash and cash equivalents and short term investments (19,573) (25,002) 92,978
Effects of exchange rate movements on cash held 71 158 (127)
Cash and cash equivalents and short-term investments at beginning of year 77,109 101,953 9,102
Cash and cash equivalents and short term investments at end of year $ 23,564 $ 77,109 $ 101,953