Cashflow statement
| 2015 | 2016 | 2017 | 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | € -3,971,486 | € -5,086,733 | € -5,016,804 | € -6,269,000 | € 0 | € 0 | € 0 | € 0 |
| Changes in non-current assets | € 609,259 | € 1,089,824 | € 1,174,751 | € 1,480,000 | € 0 | € 0 | € 0 | € 0 |
| Changes in non-current liabilities | € 76,617 | € 50,943 | € -394,940 | € 78,000 | € 0 | € 0 | € 0 | € 0 |
| Changes in working capital | € 2,639,939 | € -969,430 | € -702,058 | € -6,804,000 | € 0 | € 0 | € 0 | € 0 |
| Other | € -1,270 | € 316,436 | € -16,044 | € 116,000 | € 0 | € 0 | € 0 | € 0 |
| Cash generated from operating activities | € -646,941 | € -4,598,960 | € -4,955,095 | € -11,399,000 | € 0 | € 0 | € 0 | € 0 |
| Income taxes paid – net | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
| Net cash from operating activities | € -646,941 | € -4,598,960 | € -4,955,095 | € -11,399,000 | € 0 | € 0 | € 0 | € 0 |
| 2015 | 2016 | 2017 | 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | |
|---|---|---|---|---|---|---|---|---|
| Dividends received | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
| Interest received | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
| Acquisition of non-current assets | € -5,535,847 | € -1,700,303 | € -2,003,131 | € -11,936,000 | € 0 | € 0 | € 0 | € 0 |
| Divestment of non-current assets | € 0 | € 0 | € 67,708 | € 0 | € 0 | € 0 | € 0 | € 0 |
| Other | € -1,044,350 | € -70,139 | € 0 | € 1,840,000 | € 0 | € 0 | € 0 | € 0 |
| Net cash from investing activities | € -6,580,197 | € -1,770,442 | € -1,935,423 | € -10,096,000 | € 0 | € 0 | € 0 | € 0 |
| 2015 | 2016 | 2017 | 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | |
|---|---|---|---|---|---|---|---|---|
| Proceeds from issue of financial instruments | € 1,581,982 | € 2,715,348 | € 989,000 | € 11,606,000 | € 0 | € 0 | € 0 | € 0 |
| Interest paid | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
| Repayments of borrowings | € 7,550,000 | € 3,099,000 | € 18,363,056 | € 0 | € 0 | € 0 | € 0 | € 0 |
| Dividends paid on common shares | € 0 | € 0 | € 0 | € 3,474,000 | € 0 | € 0 | € 0 | € 0 |
| Other | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
| Net cash from financing activities | € 9,131,982 | € 5,814,348 | € 19,352,056 | € 15,080,000 | € 0 | € 0 | € 0 | € 0 |
| Net increase (decrease) in cash and cash equivalents | € 1,904,844 | € -555,054 | € 12,461,538 | € -6,415,000 | € 0 | € 0 | € 0 | € 0 |