WindarPhotonics AnnualReport 2018 All - Flipbook - Page 45
Consolidated Cash Flow Statement
For the year ended 31 December 2018
Year ended
31 December 2018
€
Notes
Loss for the period before taxation
Adjustments for:
Finance expenses
12
Amortisation
17
Depreciation
18
Received tax credit
Foreign exchange losses
Share option and warrant costs
Movements in working capital
Changes in inventory
Changes in receivables
Changes in trade payables
Changes in deferred revenue
Changes in warranty provisions
28
Changes in other payables and provisions
Cash flow from operations
Investing activities
Payments for intangible assets
17
Payments for tangible assets
18
Grants received
17
Cash flow from investing activities
Financing activities
Proceeds from issue of share capital
Costs associated with the issue of share capital
Reduction from invoice discounting
Increase in restricted cash balances
Repayment of loans
Interest paid
Cash flow from financing activities
Net increase in cash and cash equivalents
Exchange differences
Year ended
31 December 2017
€
(913,408)
(2,292,121)
269,925
189,557
64,078
66,095
(84,759)
26,443
286,349
494,709
56,409
149,603
(129,294)
235,416
(382,069)
(1,198,929)
12,611
(285,731)
(552,147)
76,453
6,218
263,442
(861,223)
254,047
152,687
441,566
(220,226)
32,562
124,628
(413,665)
(415,456)
(68,125)
108,779
(333,480)
(44,312)
152,447
(374,802)
(225,345)
2,500,877
(193,199)
(110,474)
(283,446)
(4,579)
(66,537)
1,443,605
(109,540)
(118,319)
(204,083)
(4,580)
(36,080)
606,617
(1,317)
331,993
1,344
1,842,642
971,003
Cash and cash equivalents at the beginning of the year
1,116,503
783,166
Cash and cash equivalents
at the end of the year
1,721,803
1,116,503
21
The notes on pages 47 to 72 form part of these financial statements.
Windar Photonics - Annual Report and Accounts 2018
43