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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Loss for the year $ (22,090) $ (40,270) $ (100,625)
Adjustments to reconcile net profit to cash provided by operating activities:      
Depreciation 1,296 1,896 3,159
Amortisation 2,825 3,303 2,973
Income tax credit (1,115) (374) (8,630)
Financial income (2,124) (3,198) (3,147)
Financial expense 5,080 5,405 5,444
Share-based payments 1,369 928 1,414
Foreign exchange (gains)/losses on operating cash flows 311 307 (226)
Loss on disposal or retirement of property, plant and equipment 15 3 15
Movement in inventory provision 300 2,275 (533)
Impairment of inventory 7,405
Impairment of prepayments 1,608 1,651 757
Impairment of property, plant and equipment 6,112 10,437 9,029
Impairment of intangible assets 19,212 29,667 87,673
Provision for closure costs (1,794) 3,431
Other non-cash items 570 (728) 4,087
Operating cash flows before changes in working capital 13,369 9,508 12,226
(Increase) / decrease in trade and other receivables (5,960) 306 682
Decrease / (increase) in inventories 1,988 (2,461) (3,622)
(Decrease) / increase in trade and other payables (3,419) 2,017 1,270
Cash generated from operations 5,978 9,370 10,556
Interest paid (39) (53) (60)
Interest received 874 776 901
Income taxes received / (paid) 416 (843) (1,169)
Net cash generated by operating activities 7,229 9,250 10,228
Cash flows from investing activities      
Payments to acquire intangible assets (9,863) (10,229) (16,548)
Acquisition of property, plant and equipment (7,528) (4,839) (4,215)
Licence fees (1,112) (1,112)
Net cash used in investing activities (17,391) (16,180) (21,875)
Cash flows from financing activities      
Proceeds from issue of ordinary share capital 857
Share buyback (434) (7,799) (9,322)
Expenses paid in connection with share issue and debt financing (8)
Interest payment on exchangeable notes (4,503) (4,600) (4,600)
Purchase of exchangeable notes (12,042)
Proceeds from sale & leaseback transactions 481 51
Payment of finance lease liabilities (374) (295) (282)
Net cash used in financing activities (16,872) (12,643) (13,355)
Decrease in cash and cash equivalents and short term investments (27,034) (19,573) (25,002)
Effects of exchange rate movements on cash held (296) 71 158
Cash and cash equivalents and short-term investments at beginning of year 23,564 77,109 101,953
Cash and cash equivalents and short term investments at end of year $ 30,277 $ 23,564 $ 77,109