Fiven Annual Report 2020

Consolidated statement of cash flows Amounts in EUR thousand Note 2020 2019 1 January to 31 December (5 February to 31 December) Net income (loss) before income taxes -1,451 -3,332 Adjustments to reconcile net income (loss) before income tax to net cash flows: Corporate income tax paid -411 -1,358 Depreciation and amortization 15,16 4,781 3,946 Loss on disposal of buildings, plant and equipment 15,16 - 305 Net interest expense 13 11,912 5,677 Change in inventory, trade receivables and trade payables 7,035 4,111 Change in other receivables, prepayments, and other payables -4,102 -2,334 Other changes -2,802 -449 Cash flows from operating activities 14,961 6,566 Payments for buildings, plant and equipment, and intangible assets 15,16 -3,067 -3,004 Payment for acquisition of subsidiary, net of cash aquired 4 -678 -73,116 Cash flows from investing activities -3,746 -76,120 Proceeds from issues of bonds 22,23 - 56,500 Proceeds from shareholders loan 22,23 - 32,130 Net proceeds from factoring/export financing 22 5,595 4,735 Repayment of short term loan 1) - -10,137 Interest and placement fee paid -5,412 -4,431 Payment of principal portion of lease liabilities 12,15 -1,301 -996 Proceeds from issues of shares 27 - 5,670 Cash flows from financing activities -1,118 83,471 Net increase in cash and cash equivalents 10,097 13,916 Net foreign exchange differences -1,204 -75 Cash and cash equivalents excluding restricted cash at 1 January 13,845 4 Cash and cash equivalents excluding restricted cash as of 31.12 22,738 13,845 Change in restriced cash -649 926 Restricted cash at 1 January 926 - Restricted cash as of 31.12 277 926 Total cash and cash equivalents inclucing restriced cash 31.12 23,016 14,771 1) Short term loan from Saint-Gobain Group that was settled as part of the 1 May 2019 acquisition. Fiven Annual Report 2020 Financial statements   29