Consolidated Statement of Cash Flows (IFRS)

in € Note 2016 2015
Operating Activities:
Consolidated Net Profit/(Loss) (60,382,776) 14,900,768
Adjustments to Reconcile Net Profit/(Loss) to Net Cash Provided by/(Used in) Operating Activities:
Impairment of Assets 5.6, 5.7 10,141,187 3,723,736
Depreciation and Amortization of Tangible and Intangible Assets 5.6, 5.7 3,763,813 3,454,842
Net Loss on Sales of Available-for-sale Financial Assets 5.2 915,201 1,016
Proceeds from Derivative Financial Instruments 5.4 725,157 858,768
Net (Gain)/Loss on Derivative Financial Instruments 5.4 (29,879) (1,539,207)
Net (Gain)/Loss on Sale of Property, Plant and Equipment (4,037) 27,710
(Gain)/Loss from Liquidation of Subsidiaries 0 (295,124)
Recognition of Deferred Revenue 6.3 (19,042,772) (72,378,320)
Stock-based Compensation 4.2.3, 7 2,357,418 3,558,960
Income Tax Expenses/(Income) 4.4 518,625 5,724,801
Gain from Revaluation of Participations 0 (4,495,020)
Changes in Operating Assets and Liabilities:
Accounts Receivable 5.3 (1,154,597) 3,635,172
Prepaid Expenses, Other Assets and Tax Receivables 5.4, 5.5 (13,912,263) (3,892,870)
Accounts Payable and Accrued Expenses and Provisions 6.1, 6.2 13,010,160 7,454,023
Other Liabilities 6.1 (421,492) 584,104
Deferred Revenue 6.3 17,440,930 18,132,906
Income Taxes Paid (540,383) (2,970,114)
Net Cash Provided by/(Used in) Operating Activities (46,615,708) (23,513,849)
in € Note 2016 2015
Investing Activities:
Purchase of Available-for-sale Financial Assets 5.2 (166,923,795) (25,600,000)
Proceeds from Sales of Available-for-sale Financial Assets 5.2 167,873,152 67,505,472
Purchase of Bonds, Available-for-sale 5.2 0 (27,681,550)
Proceeds from Sales of Bonds, Available-for-sale 5.2 25,770,000 1,621,000
Purchase of Financial Assets Classified as Loans and Receivables 5.2 (256,499,997) (31,592,379)
Proceeds from Sales of Financial Assets Classified as Loans and Receivables 5.2 149,894,769 127,482,204
Acquisitions, Net of Cash Acquired 0 (18,169,658)
Purchase of Property, Plant and Equipment 5.6 (2,502,286) (1,386,639)
Proceeds from Disposals of Property, Plant and Equipment 5,000 3,050
Purchase of Intangible Assets 5.7 (411,204) (7,378,758)
Interest Received 2,008,325 1,466,156
Net Cash Provided by/(Used in) Investing Activities (80,786,036) 86,268,898
       
Financing Activities:      
Repurchase of Treasury Stock in Consideration of Bank Fees 6.5.4 (2,181,963) (5,392,931)
Proceeds of Share Issuance 6.5 115,371,872 0
Cost of Share Issuance (2,778,652) 0
Proceeds and (Outflows) in Connection with Convertible Bonds Granted to Related Parties (6,707) 1,330,758
Interest Paid (1,819) (3,433)
Net Cash Provided by/(Used in) Financing Activities 110,402,731 (4,065,606)
Effect of Exchange Rate Differences on Cash 0 69
Increase/(Decrease) in Cash and Cash Equivalents (16,999,013) 58,689,512
Cash and Cash Equivalents at the Beginning of the Period 90,927,673 32,238,161
Cash and Cash Equivalents at the End of the Period 73,928,661 90,927,673
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