CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Six months ended June 30, | ||||
| 2015 | 2014 | |||
| (€ in thousands) | ||||
| Cash Flow from operating activities | ||||
| Profit (loss) for the period | (3,766) | (2,116) | ||
| Depreciation and amortisation | 1,495 | 830 | ||
| Proceeds from customer loans | 836 | 143 | ||
| Changes in deferred income taxes | (213) | − | ||
| Loss on disposal of assets | − | 188 | ||
| Deferred income | (27) | (629) | ||
| Change in working capital | 183 | (2,556) | ||
| Trade and other receivables and current assets | 90 | (638) | ||
| Inventories | (2,469) | (1,001) | ||
| Trade payables | 758 | 255 | ||
| Other liabilities and provisions | 1,828 | (1,158) | ||
| Income tax payable/receivables | (24) | (14) | ||
| Total | (1,492) | (4,140) | ||
| Cash Flow from investing activities | ||||
| Proceeds from disposal of property, plant, equipment and intangible assets | 1 | − | ||
| Payments to acquire property, plant, equipment and intangible assets | (3,737) | (1,366) | ||
| Payments to acquire/ proceeds from sale of financial assets | 1,939 | (34,577) | ||
| Total | (1,797) | (35,943) | ||
| Cash Flow from financing activities | ||||
| Proceeds (repayment) from bank overdrafts and lines of credit | (23) | (254) | ||
| Repayment of sale and leaseback | (323) | − | ||
| Repayment of finance lease obligations | (326) | (1,132) | ||
| Repayment of long-term debt | (101) | (1,252) | ||
| Proceeds from borrowings | − | 800 | ||
| Proceeds from issuance of shares | − | 30,233 | ||
| Total | (773) | 28,395 | ||
| Net increase (decrease) in cash and cash equivalents | (4,062) | (11,688) | ||
| Cash and cash equivalents at beginning of period | 8,031 | 33,459 | ||
| Changes to cash and equivalents due to foreign exchanges rates | (212) | 9 | ||
| Cash and cash equivalents at end of period | 3,757 | 21,780 | ||
| Supplemental Cash Flow Information | ||||
| Interest paid net | 147 | 110 | ||
