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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Loss for the year $ (28,914) $ (22,090) $ (40,270)
Adjustments to reconcile net loss to cash provided by operating activities:      
Depreciation 2,526 1,296 1,896
Amortisation 2,368 2,825 3,303
Income tax (credit) / expense (1,006) (1,115) (374)
Financial income (697) (2,124) (3,198)
Financial expense 6,582 5,080 5,405
Share-based payments 758 1,369 928
Foreign exchange (gains)/losses on operating cash flows (93) 311 307
Loss on disposal or retirement of property, plant and equipment 17 15 3
Movement in inventory provision 1,567 300 2,275
Impairment of prepayments 1,376 1,608 1,651
Impairment of property, plant and equipment 6,349 6,112 10,437
Impairment of intangible assets 16,570 19,212 29,667
Provision for closure costs (1,794)
Other non-cash items 835 570 (728)
Operating cash flows before changes in working capital 8,238 13,369 9,508
(Increase) / decrease in trade and other receivables 445 (5,960) 306
Decrease / (increase) in inventories (2,959) 1,988 (2,461)
(Decrease) / increase in trade and other payables 151 (3,419) 2,017
Cash generated from operations 5,875 5,978 9,370
Interest paid (1,000) (39) (53)
Interest received 560 874 776
Income taxes received / (paid) (18) 416 (843)
Net cash generated by operating activities 5,417 7,229 9,250
Cash flows from investing activities      
Payments to acquire intangible assets (9,718) (9,863) (10,229)
Acquisition of property, plant and equipment (2,118) (7,528) (4,839)
Disposal of property, plant and equipment (17)    
Licence fees (1,112)
Net cash used in investing activities (11,853) (17,391) (16,180)
Cash flows from financing activities      
Share buyback (434) (7,799)
Interest payment on exchangeable notes (3,996) (4,503) (4,600)
Purchase of exchangeable notes (12,042)
Proceeds from sale & leaseback transactions 481 51
Payment of lease liabilities (3,533) (374) (295)
Net cash used in financing activities (7,529) (16,872) (12,643)
Decrease in cash and cash equivalents and short term investments (13,965) (27,034) (19,573)
Effects of exchange rate movements on cash held 88 (296) 71
Cash and cash equivalents and short-term investments at beginning of year 30,277 57,607 77,109
Cash and cash equivalents and short term investments at end of year $ 15,231 $ 30,277 $ 57,607