(1)Comparative figures for the year ended December 31, 2019 were revised related to the amendment of classification of short-term investments. For further information, see Form 20-F filed with the SEC on March 30, 2021, Part III, Item 18. Financial Statements, Note 2 “Preparation of financial statements” to the consolidated financial statements.
(2)Comparative figures for 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 Form 20-F filed with the SEC on March 30, 2021, Part III, Item 18. Financial Statements, Note 2 “Preparation of financial statements” to the consolidated financial statements.
voxeljet AG
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
|
|
Three months ended March 31, |
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|
|
2021 |
|
2020 |
||
|
|
(€ in thousands) |
||||
Cash Flow from operating activities |
|
|
|
|
||
|
|
|
|
|
||
Loss for the period |
|
(8,329 |
) |
|
(2,601 |
) |
|
|
|
|
|
||
Depreciation and amortization |
|
786 |
|
|
932 |
|
Foreign currency exchange differences on loans to subsidiaries |
|
(672 |
) |
|
204 |
|
Changes in financial assets due to fair value valuation |
|
45 |
|
|
245 |
|
Share-based compensation expense |
|
166 |
|
|
167 |
|
Change in impairment of trade receivables |
|
(18 |
) |
|
36 |
|
Non-cash interest expense on long-term debt |
|
421 |
|
|
296 |
|
Change in fair value of derivative equity forward |
|
5,188 |
|
|
(1,557 |
) |
Loss on disposal of property, plant and equipment and intangible assets |
|
1 |
|
|
-- |
|
| Interest paid |
|
67 |
|
|
85 |
|
| Interest received |
|
(30 |
) |
|
(35 |
) |
| Other |
|
(160 |
) |
|
61 |
|
|
|
|
|
|
|
||
| Change in working capital |
|
778 |
|
|
(1,737 |
) |
| Trade and other receivables, inventories and current assets |
|
(162 |
) |
|
(1,721 |
) |
| Trade payables |
|
472 |
|
|
442 |
|
| Other liabilities, contract liabilities and provisions |
|
996 |
|
|
509 |
|
| Change in restricted cash |
|
(520 |
) |
|
(947 |
) |
| Income tax payable/receivables |
|
(8 |
) |
|
(20 |
) |
| Total |
|
(1,757 |
) |
|
(3,904 |
) |
|
|
|
|
|
|
||
| Cash Flow from investing activities |
|
|
|
|
||
|
|
|
|
|
|
||
| Payments to acquire property, plant and equipment and intangible assets |
|
(44 |
) |
|
(41 |
) |
| Proceeds from disposal of financial assets |
|
-- |
|
|
3,237 |
|
| Payments to acquire financial assets |
|
(7,462 |
) |
|
(2 |
) |
| Interest received |
|
30 |
|
|
35 |
|
| Total |
|
(7,476 |
) |
|
3,229 |
|
|
|
|
|
|
|
||
| Cash Flow from financing activities |
|
|
|
|
||
|
|
|
|
|
|
||
| Proceeds from bank overdrafts and lines of credit |
|
-- |
|
|
4 |
|
| Repayment of lease liabilities |
|
(82 |
) |
|
(114 |
) |
| Repayment of long-term debt |
|
(202 |
) |
|
(231 |
) |
| Proceeds from issue of ordinary shares in the form of ADS |
|
18,153 |
|
|
-- |
|
| Share issue cost |
|
(2,200 |
) |
|
-- |
|
| Change in restricted cash |
|
(2,000 |
) |
|
-- |
|
| Interest paid |
|
(67 |
) |
|
(85 |
) |
| Total |
|
13,602 |
|
|
(426 |
) |
|
|
|
|
|
|
||
| Net increase (decrease) in cash and cash equivalents |
|
4,369 |
|
|
(1,101 |
) |
|
|
|
|
|
|
||
| Cash and cash equivalents at beginning of period |
|
5,324 |
|
|
4,368 |
|
| Changes to cash and cash equivalents due to foreign exchanges rates |
|
68 |
|
|
5 |
|
| Cash and cash equivalents at end of period |
|
9,761 |
|
|
3,272 |
|
See accompanying notes to unaudited condensed consolidated interim financial statements.
