Consolidated Statement of Cash Flows (IFRS) – (unaudited)

For the Period Ended 30 September (in €)   Note   2014  2013  
Operating Activities:
Consolidated Net (Loss) / Profit (2,008,065) 16,861,154
Adjustments to Reconcile Net Profit to Net Cash
Cash (Used in) / Provided by Operating Activities:
Impairment of Assets 4,092,843 1,044,751
Depreciation and Amortization of Tangible and Intangible Assets   3,261,694 3,532,823
Net Gain on Sales of Financial Assets   (740,302) (508,088)
Purchases of Derivative Financial Instruments   (15,820) (22,800)
Unrealized Net Loss on Derivative Financial Instruments   4,994 15,617
(Gain) / Loss on Sale of Property, Plant and Equipment (4,897) 3,129
Loss from Liquidation of Subsidiaries 76,489 0
Net Gain on Sale of Assets and Liabilities of Disposal Group Classified as Held for Sale   0 (8,000,712)
Recognition of Deferred Revenue   (26,504,816) (16,308,316)
Stock-based Compensation 8 3,174,832 4,085,717
Income Tax (Income) / Expenses   (299,160) 4,664,592
Changes in Operating Assets and Liabilities:
Accounts Receivable   (3,171,657) (739,463)
Prepaid Expenses, Other Assets and Tax Receivables   1,532,975 (527,551)
Accounts Payable and Accrued Expenses and Provisions   (791,819) 5,489,186
Other Liabilities   128,452 53,516
Deferred Revenue   17,863,327 91,860,930
Interest Paid (11,408) (21,089)
Interest Received 615,987 96,982
Income Taxes Paid (507,137) (816,157)
Net Cash (Used in) / Provided by Operations (3,303,489) 100,764,221
thereof from Continuing Operations (3,303,489) 102,587,363
thereof from Discontinued Operations 0 (1,823,142)

See accompanying Notes

 
in €   Note   2014  2013  
Investing Activities:
Purchases of Financial Assets   (81,685,038) (175,563,295)
Proceeds from Sales of Financial Assets   177,131,645 69,265,822
Purchase of Bonds, Available-for-Sale 3 0 (11,138,742)
Proceeds from Sale of Bonds, Available-for-Sale 3 6,156,203 0
Purchase of Assets Classified as Loans and Receivables   (191,635,544) (104,980,807)
Sale of Assets Classified as Loans and Receivables 3 114,480,928 19,995,413
Purchase of Shares Classified as Available for Sale 3 0 (845,000)
Purchases of Property, Plant and Equipment   (2,337,535) (547,945)
Proceeds from Disposals of Property, Plant and Equipment   5,000 5,950
Additions to Intangibles   (16,378,699) (3,896,443)
Sale of Assets and Liabilities of Disposal Group Classified as Held for Sale   0 36,580,716
Proceeds from Closing of an Escrow Account   4,686,883 0
Net Cash (Used in) / Provided by Investing Activities 10,423,843 (171,124,331)
thereof from Continuing Operations   10,423,843 (207,705,047)
thereof from Discontinued Operations   0 36,580,716
 
Financing Activities:
Repurchase of Treasury Stock 5 (7,833,944) (2,823,625)
Net Cost of Share Issuance   0 128,379,156
Proceeds from the Exercise of Options and Convertible Bonds Granted to Related Parties 5 2,874,482 5,762,091
Net of Proceeds and Payments from the Issuance of Convertible Bonds Granted to Related Parties   (25,560) 225,000
Cost of Share Inssuance   0 (2,235,789)
Net Cash (Used in) / Provided by Investing Activities (4,985,022) 129,306,833
thereof from Continuing Operations (4,985,022) 129,306,833
thereof from Discontinued Operations 0 0
 
Effect of Exchange Rate Differences on Cash 436 4,161
Increase in Cash and Cash Equivalents 2,135,768 58,950,884
Cash and Cash Equivalents at the Beginning of the Period 71,873,696 45,970,840
thereof included in Cash and Cash Equivalents 71,873,696 40,689,865
thereof included in Cash and Cash Equivalents 0 5,280,975
Cash and Cash Equivalents at the End of the Period 74,009,464 104,921,724

See accompanying Notes

Top