(1)Comparative figures for the year ended December 31, 2018, the six months ended June 30, 2019 and year ended December 31, 2019 were revised related to the amendment of classification of short-term investments. For further information, see Note 1 of the interim consolidated financial statements.
(2)Comparative figures for the year ended December 31, 2018, the six months ended June 30, 2019 and year ended December 31, 2019 were revised related to the recalculation of the performance participation interest related to the Finance Contract with the EIB. For further information, see Note 1 of the interim consolidated financial statements.
(3)The Company has initially applied IFRS 16 as of January 1, 2019, using the modified retrospective approach. Under this approach, comparative information is not restated and the cumulative effect of initially applying IFRS 16 is recognized in retained earnings at the date of initial application. For further information, see Form 20-F filed with the SEC on May 7, 2020, Part III, Item 18. Financial Statements, Note 3 of the consolidated financial statements.
voxeljet AG
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
|
|
Six months ended June 30, |
||
|
|
2020 |
|
2019 |
|
|
(€ in thousands) |
||
Cash Flow from operating activities |
|
|
|
|
|
|
|
|
|
Loss for the period (1) (2) |
|
(7,724) |
|
(6,535) |
|
|
|
|
|
Depreciation and amortization |
|
1,842 |
|
2,143 |
Foreign currency exchange differences on loans to subsidiaries |
|
812 |
|
(41) |
Changes in financial assets due to fair value valuation |
|
121 |
|
(125) |
Share-based compensation expense |
|
334 |
|
332 |
Change in impairment of trade receivables |
|
(40) |
|
(15) |
Non-cash expense on financial liabilities |
|
564 |
|
428 |
Change in fair value of derivative equity forward |
|
(574) |
|
(57) |
Change in inventory allowance |
|
(1) |
|
(16) |
Interest paid |
|
138 |
|
182 |
Interest received |
|
(58) |
|
(42) |
| Loss on disposal of fixed assets |
|
59 |
|
-- |
| Other |
|
81 |
|
45 |
|
|
|
|
|
|
| Change in working capital |
|
(1,523) |
|
(719) |
| Trade and other receivables, inventories and current assets |
|
(711) |
|
(115) |
| Trade payables |
|
(607) |
|
(690) |
| Other liabilities, contract liabilities and provisions |
|
774 |
|
112 |
| Change in restricted cash |
|
(956) |
|
-- |
| Income tax payable/receivables |
|
(23) |
|
(26) |
| Net cash used in operating activities |
|
(5,969) |
|
(4,420) |
|
|
|
|
|
|
| Cash Flow from investing activities |
|
|
|
|
|
|
|
|
|
|
| Payments to acquire property, plant and equipment and intangible assets |
|
(102) |
|
(637) |
| Proceeds from disposal of financial assets |
|
3,969 |
|
5,176 |
| Payments to acquire financial assets |
|
(2) |
|
(1,243) |
| Interest received |
|
58 |
|
42 |
| Net cash from investing activities |
|
3,923 |
|
3,338 |
|
|
|
|
|
|
| Cash Flow from financing activities |
|
|
|
|
|
|
|
|
|
|
| Repayment of lease liabilities |
|
(246) |
|
(137) |
| Repayment of long-term debt |
|
(466) |
|
(524) |
| Proceeds from issuance of long-term debt |
|
5,000 |
|
500 |
| Interest paid |
|
(138) |
|
(182) |
| Net cash used in financing activities |
|
4,150 |
|
(343) |
|
|
|
|
|
|
| Net increase (decrease) in cash and cash equivalents |
|
2,104 |
|
(1,425) |
|
|
|
|
|
|
| Cash and cash equivalents at beginning of period |
|
4,368 |
|
7,402 |
| Changes to cash and cash equivalents due to foreign exchanges rates |
|
(21) |
|
9 |
| Cash and cash equivalents at end of period |
|
6,451 |
|
5,986 |
See accompanying notes to unaudited condensed consolidated interim financial statements.
