Materialise Reports Third Quarter 2020 Results

Consolidated statement of cash flows (Unaudited)

 

 

 

 

 

 

 

For the nine months ended
September 30,

in 000

 

2020

 

2019

 

 

 

Operating activities

 

 

 

 

Net (loss) profit for the period

 

(5,153)

 

398

Non-cash and operational adjustments

 

 

 

 

Depreciation of property, plant & equipment

 

11,266

 

10,722

Amortization of intangible assets

 

3,349

 

3,360

Share-based payment expense

 

-

 

258

Loss (gain) on disposal of property, plant & equipment

 

(16)

 

141

Movement in provisions

 

-

 

66

Movement reserve for bad debt

 

36

 

(135)

Financial income

 

(1.977)

 

(900)

Financial expense

 

4.922

 

2,647

Impact of foreign currencies

 

18

 

(432)

Share in loss of a joint venture (equity method)

 

39

 

245

(Deferred) income taxes

 

(836)

 

2,012

Other

 

-

 

4

Working capital adjustment & income tax paid

 

 

 

 

Decrease (increase) in trade receivables and other receivables

 

6,765

 

3,593

Decrease (increase) in inventories

 

2,757

 

8

Increase (decrease) in trade payables and other payables

 

(4,301)

 

2,263

Income tax paid & interest received

 

(2,457)

 

(1,514)

Net cash flow from operating activities

 

14,752

 

22,737

 

 

 

 

 

 

 

For the nine months ended
September 30,

in 000

 

2020

 

2019

 

 

 

Investing activities

 

 

 

 

Purchase of property, plant & equipment

 

(8,196)

 

(10,325)

Purchase of intangible assets

 

(5,783)

 

(1,588)

Proceeds from the sale of property, plant & equipment & intangible assets (net)

 

150

 

(3)

Available for sale investments

 

 

 

 

Advances on capital increases

 

-

 

(875)

Convertible loan to third party

 

(2,428)

 

(2,500)

Investments in subsidiary, net of cash acquired

 

-

 

(7,765)

Interest received

 

-

 

-

Net cash flow used in investing activities

 

(16,258)

 

(23,066)

 

 

 

 

 

Financing activities

 

 

 

 

Proceeds from loans & borrowings

 

-

 

29,000

Repayment of loans & borrowings

 

(8,909)

 

(8,608)

Repayment of finance leases

 

(2,997)

 

(2,288)

Capital increase

 

140

 

Direct attributable expense of capital increase

 

 

Interest paid

 

(1,626)

 

(1,713)

Other financial income (expense)

 

(1,034)

 

(451)

Net cash flow from (used in) financing activities

 

(14,425)

 

15,941

 

 

 

 

 

Net increase of cash & cash equivalents

 

(15,931)

 

15,611

Cash & cash equivalents at beginning of the year

 

128,897

 

115,506

Exchange rate differences on cash & cash equivalents

 

(2,275)

 

162

Cash & cash equivalents at end of the period

 

110,691

 

131,279


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