DECLARATION BY THE PERSON RESPONSIBLE FOR THE INTERIM FINANCIAL REPORT STATUTORY AUDITORS’ REPORT ON THE INTERIM FINANCIAL STATEMENTS MANAGEMENT REPORT HALF-YEAR FINANCIAL STATEMENTS CONDENSED INTERIM CONSOLIDATED Consolidated statement of cash flows 18 AXWAY - 2021 INTERIM FINANCIAL REPORT www.axway.com Consolidated statement of cash flows (in thousands of euros) Notes H1 2021 H1 2020 Consolidated net profit/(loss) (including share attributable to non-controlling interests) 1,784 -6,009 Net charges to depreciation, amortisation and provisions 9,192 10,095 Share-based payment expense 7 2,049 1,663 Gains and losses on disposal 864 10 Cash from operations after cost of net financial debt and tax 13,889 5,759 Cost of net financial debt 9.1 704 677 Income tax expense (including deferred tax) 10 1,078 -243 Cash from operations before cost of net financial debt and tax (A) 15,670 6,194 Tax paid (B) -942 -521 Changes to operating working capital requirements (including liabilities related to employee benefits) (C) 7,527 4,951 Net cash from operating activities (D) = (A+B+C) 22,255 10,624 Purchase of intangible assets and PP&E -2,462 -1,288 Proceeds from sale of intangible assets and PP&E -13 - Impact of changes in the scope of consolidation 12 - -400 Change in loans and advances granted -93 -10 Other cash flows from investing activities 4 7 Net cash from (used in) investing activities (E) -2,564 -1,690 Proceeds from the exercise of stock options 1,144 - Purchases and proceeds from disposal of treasury shares 7 -0 -201 Dividends paid to shareholders of the parent company -8,623 - Proceeds from borrowings - - Repayment of borrowings 16 -1,304 -500 Change in lease liabilities 13 -3,364 -4,115 Net interest paid (including finance leases) -303 -340 Other cash flows relating to financing activities -20 -60 Net cash from (used in) financing activities (F) -12,471 -5,217 Effect of foreign exchange rate changes (G) 331 -450 Net change in cash and cash equivalents (D+E+F+G) 7,552 3,266 Opening cash position 16,151 21,061 Closing cash position 23,702 24,328 The closing cash position is equal to Cash and cash equivalents less bank overdrafts.
RkJQdWJsaXNoZXIy NzMxNTcx