CONSOLIDATED STATEMENTS OF CASH FLOWS
|
|
|
|
|
Year Ended December 31, |
||
|
2022 |
|
2021 |
|
(€ in thousands) |
||
Cash Flow from operating activities |
|
|
|
|
|
|
|
Loss for the period |
(11,409) |
|
(10,586) |
Depreciation and amortization |
2,926 |
|
3,100 |
Foreign currency exchange differences on loans to subsidiaries |
(619) |
|
(1,200) |
Foreign currency translation reserve reclassified to profit or loss |
(1,475) |
|
-- |
Change in fair value of bond funds |
773 |
|
291 |
Share-based compensation expense |
65 |
|
305 |
Change in impairment of trade receivables |
116 |
|
99 |
Non-cash expense on financial liabilities |
10 |
|
1,976 |
Change in fair value of derivative equity forward |
2,311 |
|
(752) |
Change in inventory allowance |
945 |
|
851 |
Interest paid |
3,121 |
|
263 |
Interest received |
(77) |
|
(85) |
Loss on disposal of intangibles and property, plant and equipment |
20 |
|
17 |
Gain from sale-leaseback of property |
(4,335) |
|
-- |
Other |
(117) |
|
92 |
|
|
|
|
Change in working capital |
(1,439) |
|
(908) |
Trade and other receivables, inventories and current assets |
(4,714) |
|
(1,375) |
| Trade payables |
(73) |
|
585 |
| Other liabilities, contract liabilities and provisions |
3,349 |
|
(82) |
| Change in restricted cash |
-- |
|
(44) |
| Income tax payable/receivables |
(1) |
|
8 |
| Total |
(9,184) |
|
(6,537) |
|
|
|
|
|
| Cash Flow from investing activities |
|
|
|
|
|
|
|
|
| Payments to acquire property, plant and equipment and intangible assets |
(789) |
|
(1,041) |
| Proceeds from disposal of property plant and equipment |
26,036 |
|
-- |
| Proceeds from disposal of financial assets |
12,581 |
|
-- |
| Payments to acquire financial assets |
-- |
|
(10,486) |
| Interest received |
77 |
|
85 |
| Total |
37,905 |
|
(11,442) |
|
|
|
|
|
| Cash Flow from financing activities |
|
|
|
|
|
|
|
|
| Change in security deposit |
-- |
|
16 |
| Repayment of lease liabilities |
(637) |
|
(334) |
| Repayment of long-term debt |
(19,667) |
|
(1,004) |
| Proceeds from issuance of long-term debt |
-- |
|
-- |
| Proceeds from issuance of shares |
5,429 |
|
26,619 |
| Share issue cost |
(776) |
|
(3,217) |
| Change in restricted cash |
(645) |
|
(2,298) |
| Interest paid |
(7,407) |
|
(263) |
| Total |
(23,703) |
|
19,519 |
|
|
|
|
|
| Net increase (decrease) in cash and cash equivalents |
5,018 |
|
1,540 |
|
|
|
|
|
| Cash and cash equivalents at beginning of period |
7,027 |
|
5,324 |
| Changes to cash and equivalents due to foreign exchanges rates |
74 |
|
163 |
| Cash and cash equivalents at end of period |
12,119 |
|
7,027 |
