Half-Year report 2021
Interim Condensed Consolidated IFRS
Financial Statements for the three-month and six-month periods ended June 30, 2021
(unaudited)
ObsEva SA
Interim Condensed Consolidated IFRS Financial Statements for the three-month and six-month periods ended June 30, 2021
Unaudited Condensed Consolidated Balance Sheets
June 30, | December 31, | ||||||||||||
(in USD '000) | Notes | 2021 | 2020 | ||||||||||
ASSETS | |||||||||||||
Current assets | |||||||||||||
Cash and cash equivalents | 4 | 58,923 | 31,183 | ||||||||||
Other receivables | 458 | 397 | |||||||||||
Prepaid expenses | 8,010 | 5,388 | |||||||||||
Total current assets | 67,391 | 36,968 | |||||||||||
Non-current assets | |||||||||||||
Right-of-use assets | 834 | 1,425 | |||||||||||
Furniture, fixtures and equipment | 65 | 151 | |||||||||||
Intangible assets | 5 | 26,608 | 26,608 | ||||||||||
Other long-term assets | 284 | 295 | |||||||||||
Total non-current assets | 27,791 | 28,479 | |||||||||||
Total assets | 95,182 | 65,447 | |||||||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||||
Current liabilities | |||||||||||||
Other payables and current liabilities | 7,515 | 10,760 | |||||||||||
Accrued expenses | 10,312 | 10,248 | |||||||||||
Current lease liabilities | 694 | 696 | |||||||||||
Total current liabilities | 18,521 | 21,704 | |||||||||||
Non-current liabilities | |||||||||||||
Non-current lease liabilities | 567 | 952 | |||||||||||
Non-current borrowings | 6 | 25,519 | 25,300 | ||||||||||
Post-employment obligations | 8,074 | 8,218 | |||||||||||
Other long-term liabilities | 877 | 919 | |||||||||||
Total non-current liabilities | 35,037 | 35,389 | |||||||||||
Shareholders' equity | |||||||||||||
Share capital | 6,948 | 4,878 | |||||||||||
Treasury shares | (630 | ) | (304 | ) | |||||||||
Share premium | 424,567 | 356,822 | |||||||||||
Reserves | 29,282 | 26,353 | |||||||||||
Accumulated losses | (418,543 | ) | (379,395 | ) | |||||||||
Total shareholders' equity | 7 | 41,624 | 8,354 | ||||||||||
Total liabilities and shareholders' equity | 95,182 | 65,447 | |||||||||||
The accompanying notes form an integral part of these unaudited condensed consolidated financial statements.
ObsEva SA - Half-Year Report 2021
ObsEva SA
Interim Condensed Consolidated IFRS Financial Statements for the three-month and six-month periods ended June 30, 2021
Unaudited Condensed Consolidated Statements of Comprehensive Loss
Three-month period | Six-month period | |||||||||||||||||
(in USD '000, except per share data) | ended June 30, | ended June 30, | ||||||||||||||||
Notes | 2021 | 2020 | 2021 | 2020 | ||||||||||||||
Operating income other than revenue | 4 | 4 | 10 | 8 | ||||||||||||||
OPERATING EXPENSES | ||||||||||||||||||
Research and development expenses | 8 | (14,485 | ) | (15,377 | ) | (30,001 | ) | (32,565 | ) | |||||||||
General and administrative expenses | (3,888 | ) | (2,191 | ) | (8,079 | ) | (5,900 | ) | ||||||||||
Total operating expenses | (18,373 | ) | (17,568 | ) | (38,080 | ) | (38,465 | ) | ||||||||||
OPERATING LOSS | (18,369 | ) | (17,564 | ) | (38,070 | ) | (38,457 | ) | ||||||||||
Finance income | (55 | ) | 48 | 574 | 108 | |||||||||||||
Finance expense | (690 | ) | (690 | ) | (1,601 | ) | (1,701 | ) | ||||||||||
NET LOSS BEFORE TAX | (19,114 | ) | (18,206 | ) | (39,097 | ) | (40,050 | ) | ||||||||||
Income tax (expense) / benefit | 9 | (30 | ) | 38 | (51 | ) | 19 | |||||||||||
NET LOSS FOR THE PERIOD | (19,144 | ) | (18,168 | ) | (39,148 | ) | (40,031 | ) | ||||||||||
Net loss per share | |||||
Basic | 10 | (0.25) | (0.38) | (0.54) | (0.86) |
Diluted | 10 | (0.25) | (0.38) | (0.54) | (0.86) |
OTHER COMPREHENSIVE LOSS | |||||
Items that will not be reclassified to profit and loss | |||||
Remeasurements on post-employment benefit plans | - | - | - | - | |
Items that may be reclassified to profit or loss | |||||
Currency translation differences | - | - | - | - | |
TOTAL OTHER COMPREHENSIVE LOSS | - | - | - | - | |
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD | (19,143) | (18,168) | (39,148) | (40,031) |
The accompanying notes form an integral part of these unaudited condensed consolidated financial statements.
ObsEva SA - Half-Year Report 2021
ObsEva SA
Interim Condensed Consolidated IFRS Financial Statements for the three-month and six-month periods ended June 30, 2021
Unaudited Condensed Consolidated Statements of Cash Flows
Six-month period | |||||||||||
ended June 30, | |||||||||||
(in USD '000) | Notes | 2021 | 2020 | ||||||||
NET LOSS BEFORE TAX FOR THE PERIOD | (39,097 | ) | (40,050 | ) | |||||||
Adjustments for: | |||||||||||
Depreciation and impairment expense | 505 | 362 | |||||||||
Post-employment cost / (benefit) | 229 | (9 | ) | ||||||||
Share-based compensation expense | 2,929 | 4,184 | |||||||||
Income tax paid | - | (21 | ) | ||||||||
Finance result, net | 1,027 | 1,592 | |||||||||
Decrease in other receivables | 160 | 431 | |||||||||
Increase in prepaid expenses and other long term-assets | (2,621 | ) | (746 | ) | |||||||
(Decrease) / increase in other payables and current liabilities | (3,300 | ) | 3,568 | ||||||||
Increase / (decrease) in accrued expenses and other long-term liabilities | 64 | (3,230 | ) | ||||||||
NET CASH FLOWS USED IN OPERATING ACTIVITIES | (40,104 | ) | (33,919 | ) | |||||||
Payments for plant and equipment | (10 | ) | - | ||||||||
NET CASH FLOWS USED IN INVESTING ACTIVITIES | (10 | ) | - | ||||||||
Proceeds from issue of shares | 48,960 | 11,247 | |||||||||
Payment of share issuance costs | (1,674 | ) | (347 | ) | |||||||
Proceeds from exercise of warrants | 22,117 | - | |||||||||
Principal elements of lease payments | (337 | ) | (303 | ) | |||||||
Interest paid | (1,127 | ) | (965 | ) | |||||||
NET CASH FLOWS FROM FINANCING ACTIVITIES | 67,939 | 9,632 | |||||||||
Net increase / (decrease) in cash and cash equivalents | 27,825 | (24,287 | ) | ||||||||
Cash and cash equivalents as at January 1, | 31,183 | 69,370 | |||||||||
Effects of exchange rate changes on cash and cash equivalents | (85 | ) | (118 | ) | |||||||
Cash and cash equivalents as at June 30, | 58,923 | 44,965 | |||||||||
The accompanying notes form an integral part of these unaudited condensed consolidated financial statements.
ObsEva SA - Half-Year Report 2021
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ObsEva SA published this content on 05 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2021 10:25:07 UTC.