Cash flow statement

(EUR 1,000)

Cash flow from operating activities:
1 Jan–31 Dec 2017

 
1 Jan–31 Dec 2016

 
Result for the financial period -9,601 -124,912

Adjustments:
   
Depreciation and amortization 19,841 13,982
Unrealised foreign exchange gains and losses -2,338 0
Other income and expenses, non-cash items -2,666 -10,456
Financial income and expenses 3,539 122
Other adjustments 2,588 -82
Cash flow before change in net working capital 11,362 -121,347

Change in net working capital:
   
Change in trade and other receivables;
increase (-)/decrease (+)
-8,452 -16,439
Change in inventories; increase (-)/decrease (+) -92,387 -52,967
Change in trade payables and other liabilities;
increase (-)/decrease (+)
12,064 14,068
Cash flow before financial items and income tax -77,412 -176,685

Interest paid and other financial expenses
-4,579 -142
Interest received, operational 1,040 20
Cash flow from operating activities (A) -80,951 -176,807

Cash flow from investing activities:
   
Investments in tangible and intangible assets -92,147 -74,249
Proceeds from sale of tangible and intangible assets 18 230
Cash flow from investing activities (B) -92,129 -74,019

Cash flow from financing activities:
   
Paid increase in equity 144,606 281,800
Proceeds from long-term borrowings 100,000 0
Repayment of short-term borrowings -957 -2,247
Cash flow from financing activities (C) 243,650 279,553

Impact of exchange rate changes on the
amount of foreign currency cash


-8,881


0

Change in cash and cash equivalents
(A + B + C); increase (+)/decrease (-)


70,569


28,728

Cash and cash equivalents at the beginning of the period
44,704 15,976
Cash and cash equivalents at the end of the period 106,392 44,704
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