AFFIMED N.V.
Trade and other payables 11,394 10,674
Provisions 0 517
Borrowings 92 2,105
Lease liabilities 492 532
Contract liabilities 55,049 21,353
----------------- -----------------
Total current liabilities 67,027 35,181
TOTAL EQUITY AND LIABILITIES 175,725 112,359
Affimed N.V.
Consolidated statements of cash flows (in EUR thousand)
Cash flow from operating activities 2020 2019 2018
Income / (loss) for the period (41,366) (32,365) (19,477)
Adjustments for the period:
- Income taxes 1 4 1
- Depreciation and amortisation 1,115 906 403
- Net gain / loss from disposal of leasehold improvements
and equipment 34 (5) 25
- Share based payments 3,381 2,469 2,035
- Finance income / costs - net 6,647 (15) (60)
------------- --------------- ---------------
(30,188) (29,006) (17,073)
Change in trade and other receivables (1,065) 33 (322)
Change in inventories 50 (36) (19)
Change in other assets (1,260) 340 121
Change in trade, other payables, provisions and contract
liabilities 12,848 (791) 66,856
------------- --------------- ---------------
Cash used in operating activities (19,615) (29,460) 49,563
Interest received 294 628 218
Paid interest (78) (224) (342)
Paid income tax (1) 0 (1)
------------- --------------- ---------------
Net cash used in operating activities (19,400) (29,056) 49,438
Cash flow from investing activities
Purchase of intangible assets (9) (150) (30)
Purchase of leasehold improvements and equipment (431) (1,324) (691)
Cash received from the sale of leasehold improvements
and equipment 0 0 1
Cash paid for investments in financial assets (8,101) (45,131) (14,029)
Cash received from maturity of financial assets 16,547 50,945 0
Cash paid for investments in long term financial assets 0 0 (861)
------------- --------------- ---------------
Net cash used for investing activities 8,006 4,340 (15,610)
Cash flow from financing activities
Proceeds from issue of common shares 74,195 31,373 25,113
Transaction costs related to issue of common shares (2,294) (2,215) (1,701)
Proceeds from borrowings 0 562 0
Repayment of lease liabilities (521) (405) 0
Repayment of borrowings (2,128) (3,277) (2,917)
------------- --------------- ---------------
Cash flow from financing activities 69,252 26,038 20,495
------------- --------------- ---------------
Exchange-rate related changes of cash and cash equivalents (6,238) (917) 669
Net changes to cash and cash equivalents 57,858 1,322 54,323
Cash and cash equivalents at the beginning of the
period 95,234 94,829 39,837
------------- --------------- ---------------
Cash and cash equivalents at the end of the period 146,854 95,234 94,829
------------- --------------- ---------------
Affimed N.V.
Consolidated statements of changes in equity (in EUR thousand)
Fair
Issued Capital value Accumulated
capital reserves reserves deficit Total equity
Balance as of January 1, 2018 468 213,778 7,325 (182,667) 38,904
======== ============== =============== =========== ===============
Issue of common shares 156 23,171 23,327
Exercise of share based payment
awards 71 71
Equity-settled share based
payment awards 2,035 2,035
Loss for the period (19,477) (19,477)
Other comprehensive income (4,731) (4,731)
--------------- ---------------
Balance as of December 31, 2018 624 239,055 2,594 (202,144) 40,129
======== ============== =============== =========== ===============
Balance as of January 1, 2019 624 239,055 2,594 (202,144) 40,129
======== ============== =============== =========== ===============
Issue of common shares 138 28,901 29,039
Exercise of share based payment
awards 26 26
Equity-settled share based
payment awards 2,469 2,469
Loss for the period (32,365) (32,365)
Other comprehensive income (632) (632)
--------------- ---------------
Balance as of December 31, 2019 762 270,451 1,962 (234,508) 38,667
======== ============== =============== =========== ===============
Balance as of January 1, 2020 762 270,451 1,962 (234,508) 38,667
======== ============== =============== =========== ===============
Issue of common shares 205 68,341 68,546
Exercise of share based payment
awards 16 2,991 3,007
Equity-settled share based
payment awards 3,381 3,381
Loss for the period (41,366) (41,366)
Other comprehensive income (242) (242)
--------------- ---------------
Balance as of December 31, 2020 983 345,164 1,720 (275,874) 71,993
======== ============== =============== =========== ===============
(END) Dow Jones Newswires
April 15, 2021 06:30 ET (10:30 GMT)
