Cashflow statement
| 2015 | 2016 | 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | |
|---|---|---|---|---|---|---|---|
| Operating income | € -3,283,737 | € -4,270,751 | € -4,120,546 | € 210,962 | € 256,808 | € 0 | € 0 |
| Changes in non-current assets | € 609,259 | € 1,089,824 | € 1,174,751 | € 0 | € 0 | € 0 | € 0 |
| Changes in non-current liabilities | € 76,617 | € 50,943 | € -394,940 | € 0 | € 0 | € 0 | € 0 |
| Changes in working capital | € 2,639,939 | € -969,430 | € -702,058 | € 0 | € 0 | € 0 | € 0 |
| Other | € -1,270 | € 316,436 | € -16,044 | € 0 | € 0 | € 0 | € 0 |
| Cash generated from operating activities | € 40,808 | € -3,782,978 | € -4,058,837 | € 210,962 | € 256,808 | € 0 | € 0 |
| Income taxes paid – net | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
| Net cash from operating activities | € 40,808 | € -3,782,978 | € -4,058,837 | € 210,962 | € 256,808 | € 0 | € 0 |
| 2015 | 2016 | 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | |
|---|---|---|---|---|---|---|---|
| Dividends received | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
| Interest received | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
| Acquisition of non-current assets | € -5,535,847 | € -1,700,303 | € -2,003,131 | € 0 | € 0 | € 0 | € 0 |
| Divestment of non-current assets | € 0 | € 0 | € 67,708 | € 0 | € 0 | € 0 | € 0 |
| Other | € -1,044,350 | € -70,139 | € 0 | € 0 | € 0 | € 0 | € 0 |
| Net cash from investing activities | € -6,580,197 | € -1,770,442 | € -1,935,423 | € 0 | € 0 | € 0 | € 0 |
| 2015 | 2016 | 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | |
|---|---|---|---|---|---|---|---|
| Proceeds from issue of financial instruments | € 1,581,982 | € 2,715,348 | € 989,000 | € 0 | € 0 | € 0 | € 0 |
| Interest paid | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
| Repayments of borrowings | € 7,550,000 | € 3,099,000 | € 18,363,056 | € 0 | € 0 | € 0 | € 0 |
| Dividends paid on common shares | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
| Other | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
| Net cash from financing activities | € 9,131,982 | € 5,814,348 | € 19,352,056 | € 0 | € 0 | € 0 | € 0 |
| Net increase (decrease) in cash and cash equivalents | € 2,592,593 | € 260,928 | € 13,357,796 | € 210,962 | € 256,808 | € 0 | € 0 |