Materialise Reports Second Quarter 2023 Results

Consolidated statement of cash flows (Unaudited)

for the six months ended
June 30,

In 000€

2023

 

2022

Operating activities
Net (loss) profit for the period

3,221

1,023

Non-cash and operational adjustments
Depreciation of property plant & equipment

7,364

7,630

Amortization of intangible assets

3,334

3,186

Impairment of goodwill and intangible assets

-

-

Share-based payment expense

-

(97)

Loss (gain) on disposal of intangible assets and property, plant & equipment

(106)

31

Movement in provisions

(591)

5

Movement reserve for bad debt and slow moving inventory

272

136

Financial income

(2,095)

(5,509)

Financial expense

2,055

2,564

Impact of foreign currencies

(84)

(61)

(Deferred) income taxes

1,254

885

Working capital adjustments

(3,336)

10,154

Decrease (increase) in trade receivables and other receivables

4,269

1,450

Decrease (increase) in inventories and contracts in progress

81

(2,839)

Increase (decrease) in deferred revenue

(1,772)

3,658

Increase (decrease) in trade payables and other payables

(5,914)

7,884

Income tax paid & Interest received

531

(201)

Net cash flow from operating activities

11,819

19,747

for the six months ended
June 30,

In 000€

2023

 

2022

Investing activities
Purchase of property, plant & equipment

(4,333)

(7,494)

Purchase of intangible assets

(1,056)

(2,553)

Proceeds from the sale of property, plant & equipment & intangible assets (net)

218

184

Acquisition of subsidiary (net of cash)

-

(25,610)

Net cash flow used in investing activities

(5,172)

(35,473)

Financing activities
Repayment of loans & borrowings

(8,617)

(9,018)

Repayment of leases

(1,744)

(1,668)

Capital increase

-

-

Interest paid

(891)

(1,155)

Other financial income (expense)

(33)

604

Net cash flow from (used in) financing activities

(11,285)

(11,236)

Net increase/(decrease) of cash & cash equivalents

(4,638)

(26,964)

Cash & Cash equivalents at the beginning of the year

140,867

196,028

Exchange rate differences on cash & cash equivalents

57

(930)

Cash & cash equivalents at end of the period

136,285

168,133


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