Fiven Annual Report 2020

Fiven Annual Report 2020 Statement of cash flows Amounts in EUR thousand Note 2020 2019 1 January to 31 December (5 February to 31 December) Net income (loss) -2,693 -3,359 Corporate income tax 9 308 149 Net income (loss) before income taxes -2,384 -3,210 Adjustments to reconcile net income (loss) before income tax to net cash flows Net Interest expense 8 8,795 5,492 Change in trade receivables and trade payables -358 493 Change in other receivables, prepayments, and other payables 87 -1,866 Group contribution not received -5,780 - Cash flows from operating activities 360 909 Acquisitions of subsidiary 7 -678 -82,044 Repayments of loan by related parties 13 8,650 2,198 Loan to related parties 13 - -9,933 Cash flows from investing activities 7,971 -89,779 Proceeds from issues of bonds 11 - 56,500 Proceeds from shareholders loan 11 - 32,130 Proceeds from other interest bearing liablities 11 3,000 1,500 Interest and placement fee paid -4,427 -4,211 Proceeds from issues of shares 3 - 5,670 Cash flows from financing activities -1,427 91,589 Net increase in cash and cash equivalents 6,903 2,719 Cash and cash equivalents as of 31 December 2019 2,723 4 Cash and cash equivalents as of 31 December 2020 9,626 2,723 76   Financial statements