Rectification to H1 2019 interim report: Reclassification of items within statement of cashflows
Fastned revised Appendix 5 interim condensed consolidated statement of cashflows on three items to better align with IFRS. These adjustments are:
- To present the 2019 cash impact of depository receipts issued in December 2018 within financing activities instead of as part of working capital adjustments within operating activities.
- To exclude capitalized leases commenced during H1 2019 from financing activities and investing activities (purchase of property, plant and equipment and other intangible assets) from the statement of cashflows.
- To adjust working capital adjustments within operating activities and purchase of property, plant and equipment and other intangible assets for capex related creditors
These adjustments (all in thousands of euros) result in the following changes: (i) the net cash flows from operating activities from €1,455 to €-2,782, (ii) net cash flows used in investing activities from €-7,482 to €-5,898 and (iii) net cash flows from financing activities from €11,440 to €14,093. None of these adjustments have an impact on the net increase in cash and cash equivalents, nor the cash balance as at 30 June 2019.
You can you find the revised H1 report at: ir.fastnedcharging.com.
Notes for editors (not for publication):
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Fastned is a charging company that is building a European network of fast charging stations where fully electric vehicles can charge as fast as possible. The stations are located at high traffic locations along highways and in cities, where electric cars can add up to 200 km range in 15 minutes. Fastned's mission is to give freedom to electric drivers and accelerate the transition to sustainable mobility. As of today, Fastned has 109 stations operational in the Netherlands, Germany and the United Kingdom, and is working on expanding its fast charging network to the rest of Europe. Fastned is currently simultaneously building fast charging stations in the Netherlands, Germany and the United Kingdom, and preparing for building its first stations in other countries, with a focus on Belgium, Switzerland and France. Fastned is listed on Euronext Amsterdam. More information: fastnedcharging.com.